Group Annuity Policy definition

Group Annuity Policy means a group annuity policy issued by Sun Life Assurance Company of Canada (“Sun Life”) to the Trustee in respect of the Plan.
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Group Annuity Policy or "Policy" means the Company's Group Annuity Policy No. 102, issued to Fleet National Bank as Trustee of the First Allmerica Financial Life Insurance Company Group Annuity Trust.
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Group Annuity Policy means any group annuity policy as described in Article XIX and issued by the insurance Company to the Trustee.
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Examples of Group Annuity Policy in a sentence

  • The plan was established with an effective date of January 1, 1962 and Decem ber 31st year end.The DCPP is funded under a Group Annuity Policy issued by Sun Life Assurance Company of Canada.

  • For more complete information, reference should be made to the Pension Plan Document and Group Annuity Policy Number 99059-G.

  • Pension payments will be calculated using the greater of (a) Sun Life Assurance Company of Canada’s current payout Annuity rate applicable at the time of calculation, and (b) a minimum guaranteed rate determined by reference to the mortality table and interest rate specified in the Group Annuity Policy.

  • Under this Group Annuity Policy, the contributions to provide the benefits under the Plan were paid over to the Insurance Company for investment, and for payment of such benefits.

  • Important information about this product, including potential restrictions or adjustments to redemptions, can be found in the MD Stable Income Fund Group Annuity Policy Certificate, which can be obtained by contacting the MD Trade Centre at 1 800 267-2332 or online at md.ca.

  • Section Section ARTICLE AMOUNT OF PENSION ALLOWANCE A basic amount of seventy two dollars ($72.00) per annum for each year of Credited Service not exceeding Normal Retirement plus any past service purchased under Group Annuity Policy For the purpose of calculating the amount of pension Credited Service as determined under Article V will be adjusted to the nearest twelfth of a year.

  • This strikes the correct balance between civil liberties and public protection, the implications of which in individual cases is appropriately exercised by the police.

  • The contributions are accumulated under a Group Annuity Policy issued by Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies.

  • All other expenses such as administrative costs, filing fees, costs relating to the production, distribution, advertising, maintenance and similar expenses of the work or invention shall be for the account of the constituent university and shall be taken from its share in the royalties and other payments.

  • The Company acknowledges that the investment of the Trust Fund in segregated funds and/or guaranteed funds will be governed by the terms of the Group Annuity Policy.


More Definitions of Group Annuity Policy

Group Annuity Policy means any group annuity policy or policies issued by the Insurance Company to the Trustee for purposes of funding all or a portion of the benefits of the Plan pursuant to Section 16.2.
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Group Annuity Policy means Group Annuity Policy No. issued by the Lon- don Life Insurance Company to The Continental Group of Canada as it continues in effect, for purposes of this Plan, in accordance with Article herein.
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Related to Group Annuity Policy

  • D&O Policy has the meaning set forth in Section 6.18(b).

  • Group Policy /”policy” means the breakdown policy as set out in this document;

  • Life Insurance Policy has the meaning given in Section 6.10.

  • Group Annuity Contract means a master contract providing annuities to a group of persons under a single con- tract.

  • retirement annuity contract means a contract or scheme approved under Chapter III of Part XIV of the Income and Corporation Taxes Act 1988;

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Rates Policy means the policy on the levying of rates on rateable properties of the Nquthu Municipality, contemplated in chapter 2 of the Municipal Property Rates Act.

  • Continuation Coverage means coverage under a COBRA continuation provision or a similar state program. Coverage provided by a plan that is subject to a COBRA continuation provision or similar state program, but that does not satisfy all the requirements of that provision or program, will be deemed to be continuation coverage if it allows an individual to elect to continue coverage for a period of at least 18 months. Continuation coverage does not include coverage under a conversion policy required to be offered to an individual upon exhaustion of continuation coverage, nor does it include continuation coverage under the Federal Employees Health Benefits Program.

  • Health insurance policy means a policy that provides specified benefits for hospital and/or general treatment and meets all requirements under section 63-10 of the Private Health Insurance Act 2007.

  • Policy Year means the period of time these Terms and Benefits are in force. The first Policy Year shall be the period from the Policy Effective Date to the day immediately preceding the first Renewal Date as specified in the Policy Schedule (both days inclusive) within one (1) year period; and each subsequent Policy Year shall be the one (1) year period from each Renewal Date.

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Covered policy means a policy of commercial risk insurance, professional liability insurance or public entity insurance.

  • life policy means a contract in terms of which a person, in return for a premium, undertakes to -

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • R&W Policy means a representation and warranty insurance policy for the benefit of Buyer obtained in connection with this Agreement on the terms described on Schedule 1.01 of the Buyer Disclosure Schedule.

  • CSR Policy means the present Corporate Social Responsibility Policy of the Company, which covers the activities to be undertaken by the Company as specified in Schedule VII to the Act and the CSR Expenditure thereon.

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • COBRA Continuation Coverage means the health care benefit continuation coverage mandated by the Consolidated Omnibus Budget Reconciliation Act and similar provisions of state law.

  • Special Hazard Coverage The Special Hazard Coverage on the most recent anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) or, if prior to the first such anniversary, $4,725,230, in each case reduced by Special Hazard Losses allocated to the Certificates since the most recent anniversary of the Cut-Off Date (or, if prior to the first such anniversary, since the Cut-Off Date). On each anniversary of the Cut-Off Date, the Special Hazard Coverage shall be reduced, but not increased, to an amount equal to the lesser of (1) the greatest of (a) the aggregate principal balance of the Mortgage Loans located in the single California zip code area containing the largest aggregate principal balance of Mortgage Loans, (b) 1.0% of the aggregate unpaid principal balance of the Mortgage Loans and (c) twice the unpaid principal balance of the largest single Mortgage Loan, in each case calculated as of the Due Date in the immediately preceding month, and (2) $4,725,230, as reduced by the Special Hazard Losses allocated to the Certificates since the Cut-Off Date. The Special Hazard Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Reimbursement insurance policy means a policy of insurance