Insuring Agreement definition

Insuring Agreement. We issue this policy in consideration of your application and the payment of the Initial Premium. We agree to pay the Death Proceeds to the Beneficiary upon receiving proof that the Insured has died while this policy is in force and before the Maturity Date. We agree to pay the Maturity Proceeds to you if the Insured is living on the Maturity Date. You and we are bound by the conditions and provisions of this policy. -------------------------------------------------------------------------------- THE CASH SURRENDER VALUE OF THIS POLICY WILL VARY FROM DAY TO DAY. IT MAY INCREASE OR DECREASE DEPENDING ON THE INVESTMENT EXPERIENCE OF THE POLICY. REFER TO THE NONFORFEITURE PROVISIONS ON PAGE 9 FOR DETAILS. THERE IS NO GUARANTEED CASH SURRENDER VALUE. THE AMOUNT OF THE DEATH BENEFIT MAY BE VARIABLE AND DEPEND ON THE INVESTMENT EXPERIENCE OF THE POLICY. THE DURATION OF THE DEATH BENEFIT WILL BE VARIABLE AND DEPEND ON THE INVESTMENT EXPERIENCE OF THE POLICY. THE DEATH BENEFIT WILL NEVER BE LESS THAN THE SPECIFIED AMOUNT AS LONG AS YOUR POLICY IS IN FORCE. REFER TO THE DEATH BENEFIT PROVISIONS FOR DETAILS. -------------------------------------------------------------------------------- RIGHT TO EXAMINE POLICY -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- YOU MAY RETURN THIS POLICY TO US WITHIN (1) 10 DAYS AFTER YOU GET IT, OR (2) 45 DAYS AFTER YOU SIGN THE APPLICATION, OR (3) 10 DAYS AFTER WE MAIL OR DELIVER THE NOTICE OF WITHDRAWAL RIGHT, WHICHEVER IS LATEST. THE POLICY, WITH A WRITTEN REQUEST FOR CANCELLATION, MUST BE MAILED OR DELIVERED TO OUR HOME OFFICE OR TO THE REPRESENTATIVE WHO SOLD IT TO YOU. THE RETURNED POLICY WILL BE TREATED AS IF WE NEVER ISSUED IT, AND WE WILL PAY YOU THE AMOUNT SPECIFIED BY THE LAWS OF THE STATE IN WHICH THE POLICY WAS ISSUED. -------------------------------------------------------------------------------- If you have any questions about your policy or need additional insurance service, contact your representative or write to our Home Office. Signed at our Home Office on the Policy Date. [GRAPHIC OMITTED][GRAPHIC OMITTED] [GRAPHIC OMITTED][GRAPHIC OMITTED] /S/PXXXXXXX X. XXXXXX /S/JXXXXX X. XXXXXX Secretary President o Adjustable Death Benefit o Flexible premiums payable during Insured's lifetime until the Maturity Date o Death Proceeds payable at Insured's death prior to the Maturity Date o Maturity Proceeds payable ...
Insuring Agreement means one or more of the Parts which follow Part 1 of this Contract.
Insuring Agreement means one or more of those Parts which follow Part I (General Provisions) of this Contract.

Examples of Insuring Agreement in a sentence

  • Such indemnity shall be in addition to the Limit of Liability for the applicable Insuring Agreement.

  • Loss resulting from payments made to or withdrawals from any account, involving funds erroneously credited to such account, unless such loss is otherwise covered under Insuring Agreement A.

  • Potential income, including but not limited to interest and dividends, not realized by the Insured because of a loss covered under this Bond, except when covered under Insuring Agreement H.

  • Recovery for any Single Loss may not be made under more than one Insuring Agreement.

  • Loss resulting from the unauthorized entry of data into, or the deletion or destruction of data in, or the change of data elements or programs within, any Computer System, unless such loss is otherwise covered under Insuring Agreement A.


More Definitions of Insuring Agreement

Insuring Agreement means one or more of those Parts which follow Part I (General Provisions) and Part II (Benefits) of this Contract.
Insuring Agreement means one or more of the Parts which follow Part 1 of this Contract under which a Policy or Policies may be purchased by an Insured.
Insuring Agreement means an agreement forming part of the Insured’s Policy describing the scope of insurance for an Insured Crop.
Insuring Agreement. We issue this Policy in consideration of your application and the payment of the Initial Premium. We agree to pay the Death Proceeds to the Beneficiary upon receiving proof that the Insured has died while this Policy is in force and before the Maturity Date. We agree to pay the Maturity Proceeds to you if the Insured is living on the Maturity Date. You and we are bound by the conditions and provisions of this Policy. ------------------------------------------------------------------------------- THE SURRENDER VALUE OF THIS POLICY WILL VARY FROM DAY TO DAY. IT MAY INCREASE OR DECREASE DEPENDING ON THE INVESTMENT EXPERIENCE OF THE POLICY. REFER TO THE NONFORFEITURE PROVISIONS ON PAGE 11 FOR DETAILS. THERE IS NO GUARANTEED SURRENDER VALUE. THE AMOUNT OR DURATION OF THE DEATH BENEFIT WILL BE VARIABLE AND DEPEND ON THE INVESTMENT EXPERIENCE OF THE POLICY. THE DEATH BENEFIT WILL NEVER BE LESS THAN THE SPECIFIED AMOUNT AS LONG AS YOUR POLICY IS IN FORCE. REFER TO THE DEATH BENEFIT PROVISIONS ON PAGE 9 FOR DETAILS. ------------------------------------------------------------------------------- RIGHT TO EXAMINE POLICY You may return this Policy to us within (1) 10 days after you get it, or (2) 45 days after you sign the application, or (3) 10 days after we mail or deliver the Notice of Withdrawal Right, whichever is latest. The Policy, with a written request for cancellation, must be mailed or delivered to our Home Office or to the agent who sold it to you. The returned Policy will be treated as if we never issued it, and we will pay you the amount specified by the laws of the state in which the Policy was issued. ------------------------------------------------------------------------------- If you have any questions about your Policy or need additional insurance service, contact your agent or write to our Home Office. Signed at our Home Office on the Policy Date. /s/ GORDXX X. XXX?????????? /s/ JOSEXX X. XXXXXX ---------------------------- ---------------------- Secretary President FLEXIBLE PREMIUM VARIABLE UNIVERSAL LIFE INSURANCE POLICY o Adjustable Death Benefit o Flexible premiums payable during Insured's lifetime until the Maturity Date o Death Proceeds payable at Insured's death prior to the Maturity Date o Maturity Proceeds payable on the Maturity Date o Not eligible for dividends o Investment experience reflected in benefits CONTENTS Page Annual Report................................................................7 Assignment................................
Insuring Agreement means one or more of the Parts that follow Part 1 of this Contract of Insurance.21.1. On Account means the purchase of a Policy, with payment for that Policy to be made at a later date.
Insuring Agreement. We issue this Policy in consideration of your application and the payment of the Initial Premium. We agree to pay the Death Proceeds to the Beneficiary upon receiving proof that the Insured has died while this Policy is in force and before the Maturity Date. We agree to pay the Maturity Proceeds to you if the Insured is living on the Maturity Date. You and we are bound by the conditions and provisions of this Policy. The Cash Surrender Value of this Policy will vary from day to day. It may increase or decrease depending on the investment experience of the Policy. Refer to the Nonforfeiture Provisions on page 11 for details. There is no guaranteed Cash Surrender Value. The amount of the death benefit may be variable and depend on the investment experience of the Policy. The duration of the death benefit will be variable and depend on the investment experience of the Policy. The death benefit will never be less than the Specified Amount as long as your Policy is in force. Refer to the Death Benefit Provisions for details.
Insuring Agreement means one or more of those Parts which follow Part I (General Provisions) and Part II (Annual Crop Benefits).