Issue Age definition

Issue Age means your age on the Policy Effective Date. The Issue Age is shown on the Policy Data page. Maximum Benefit Period means the maximum period of time we will pay Disability Benefits for any one Disability. This period is shown on the Policy Data page. It begins on the Commencement Date. Once the Maximum Benefit Period ends, you will not be eligible for a new Maximum Benefit Period unless:

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Issue Age. Issue Age is the Insured's age on the last birthday on or before the Policy Date. It is shown on the Policy Data Page.

Issue Age means the Insured’s age last birthday on the Date of Issue. The Insured’s Issue Age is shown on the Certificate Schedule. Lapse means the Coverage has terminated or been placed on paid-up term insurance because a premium was not paid when due. Non-guaranteed Credits may be credited on each Certificate Anniversary based upon current interest and mortality rates, declared in advance by Us that are more favorable than the guaranteed rates. Credits are used to purchase additional Deferred Paid-Up Term Insurance.

Examples of Issue Age in a sentence

• The Issue Age of the Annuitant or Owner plus the number of full years elapsed since the Contract Date.

• If the new Owner's age at the time of the change of Owner is greater than the original Owner's Issue Age, then the death benefit must be recalculated based on a new Owner's Issue Age equal to the new Owner's age at the time of the change of Owner.

• If the new Owner's age at the time of the change of Owner is less than or equal to the original Owner's Issue Age, then the death benefit in effect prior to the change of Owner will remain in effect.

• If your Issue Age or gender has been misstated, any benefits will equal those that the premiums paid would have purchased at your correct Issue Age and gender.

• The Owner and the Annuitant (or both Joint Annuitants, if applicable), when named, must be under the Maximum Issue Age shown on the Contract Specifications.

More Definitions of Issue Age

Issue Age means the age at the Insured's nearest birthday on the policy date.

Issue Age. The Insured's age as of the Insured's birthday nearest the Policy Date shown in Section 1.

Issue Age means the age of the insured when the Basic Policy is issued as shown on the Policy Information Page as the “Issue Age”.

Issue Age. The Insured’s age as of the nearest birthday on the Policy Effective Date.

Issue Age means the age of the Certificateholder on the date shown on the certificate.

Issue Age. The Insured's age as of the Insured's birthday nearest the Issue Date.

Issue Age is the Insured's age on the last birthday on or before the Contract Date. It is shown in the Schedule.