Joint life definition

Joint life means 2 people are covered.
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Joint life means the type of annuity options that can be selected where the Member can opt for the annuity to be received by a Secondary Annuitant after his/her death.
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Joint life means the:
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Examples of Joint life in a sentence

  • Joint life second death Cash Value Insurance Contracts are sometimes taken out by spouses.

  • In the case of Joint life annuities the age limits apply to both lives.

  • Change of Annuity frequency at policy anniversary Termination of Policy: This policy will terminate immediately and automatically upon the happening of any of the following event: a) On date of the death of the Annuitant or on the date of the death of the second annuitant in case of Joint life, as applicable b) On the date of acceptance of Free look request.

  • For Joint life annuity options, age of spouse shall also be subject to Minimum Entry age as specified in (i) and Maximum Entry Age as specified in (ii) above.

  • Joint life second death Cash Value Insurance ContractsJoint life second death Cash Value Insurance Contracts are sometimes taken out by spouses.

  • Joint life mortality is calculated based on last death for loans with joint borrowers.

  • Joint life policy of the partners surrendered and cash obtained Rs. 15,100.

  • Joint life second death cover is also available, to cover circumstances where both investors die within two years of the investment period.

  • In case the coverage is for Joint life, then the Death Benefit will be payable on the first death of either of the Joint Life/s and the cover will be terminated.

  • When an obligation to pay an amount under the contract becomes fixed, each person entitled to receive a payment is an Account Holder.• Joint life second death Cash Value Insurance ContractsJoint life second death Cash Value Insurance Contracts are sometimes taken out by spouses.


More Definitions of Joint life

Joint life means, for purposes of the joint tiered LWA option, the individual named as joint life on the application who must be the annuitant’s spouse or common-law partner at that time;
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Related to Joint life

  • Single Life Annuity means an annuity payable for the life of a Participant.

  • Life expectancy means life expectancy as computed by use of the Single Life Table in Section 1.401(a)(9)-9 of the Treasury regulations.

  • Joint Annuitant means the individual specified as such in the Data Pages. The Joint Annuitant must be the spouse of the Annuitant on the Contract Date.

  • Active life of a facility means the period from the initial receipt of hazardous waste at the facility until the Agency receives certification of final closure.

  • Annuity Starting Date means, with respect to any Participant, the first day of the first period for which an amount is paid as an annuity, or, in the case of a benefit not payable in the form of an annuity, the first day on which all events have occurred which entitles the Participant to such benefit.

  • 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.

  • Joint and Survivor Annuity means an immediate annuity for the life of a Participant with a survivor annuity for the life of the Participant's Spouse which is not less than fifty percent (50%), nor more than one hundred percent (100%) of the amount of the annuity payable during the joint lives of the Participant and the Participant's Spouse which can be purchased with the Participant's Vested interest in the Plan reduced by any outstanding loan balances pursuant to Section 7.4.

  • DEPP means the Authority’s Decision Procedure and Penalties Manual;

  • life annuity means an annuity payable under a policy issued to an SRS member for a term ending with, or at a time ascertainable only by reference to, the end of his life;

  • ANNUITY DATE The date on which Annuity Payments begin. The Annuity Date is shown on the Contract Schedule. ANNUITY OPTIONS: Options available for Annuity Payments.

  • Annuity Commencement Date means the first day of any month upon which an annuity begins under the Contract. However, for any Participant, this date shall not be later than the required beginning date as defined in the applicable sections of the Code and Regulations issued thereunder.

  • Qualified Joint and Survivor Annuity means an immediate annuity for the life of a Participant, with a survivor annuity for the life of the spouse which is not less than 50% and not more than 100% of the amount of the annuity which is payable during the joint lives of the Participant and the spouse, and which is the amount of benefit that can be purchased with the Participant's Vested Account Balance. The percentage of the survivor annuity under the Plan shall be 50%.

  • Credit life insurance means insurance on the life of a debtor in connection with

  • Domestic Partner means an opposite or a same-sex partner who is at least 18 years of age and has met all of the following requirements for at least 6 months:

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

  • Annuity Contract means a contract under which the issuer agrees to make payments for a period of time determined in whole or in part by reference to the life expectancy of one or more individuals. The term also includes a contract that is considered to be an Annuity Contract in accordance with the law, regulation, or practice of the jurisdiction in which the contract was issued, and under which the issuer agrees to make payments for a term of years.

  • School-age child means a minor who is at least six years old but younger than 18 years old and who is not emancipated.

  • Aquatic life means all fish, reptiles, amphibians, crayfish, mussels, mollusks, and crustaceans.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Preschool age child means a child age three through five not yet attending kindergarten. If a child is older than age five and not attending kindergarten or a higher grade, OCCL considers that child in the preschool-age group.

  • Annuitant means a person who receives a retirement allowance or a disability allowance;

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Actuarial equivalent means a benefit of equal value when

  • Domestic partners means, for purposes of this Article, any two adults, of the same or different sex, who have registered with a governmental entity pursuant to state or local law authorizing this registration or with a internal registry maintained by an employer of at least one of the domestic partners.

  • Actuarially Equivalent or "of equal actuarial value" means a benefit of equal value

  • statutory parental bereavement pay means a payment to which a person is entitled in accordance with section 171ZZ6 of the Social Security Contribution and Benefits Act 1992;