Future Service Liability definition
Future Service Liability. Future Service Liability is defined as the Face Amount of Group Life Cover arrived at for each Eligible Member of the Group based on the criteria as indicated in the Accepted Copy of the Final Quote. However, the eligibility of any Insured Member for the Face Amount above the Free Cover Limit is dependent on the Member fulfilling the Individual Underwriting requirements as set out in the Article 3 of this Group Policy Document.