Examples of Monthly Anniversary in a sentence
Any decrease in the Face Amount will become effective on the Monthly Anniversary on or following our receipt of the written request.
If approved, the increase will become effective on the Monthly Anniversary on or following receipt at our Administrative Office of the satisfactory evidence of insurability.
The effective date of such a change will be the Monthly Anniversary on or following the date we receive the change request.
If we receive the request to surrender the Policy on a Monthly Anniversary, the monthly deduction otherwise deductible will be included in the amount paid.
If you have taken out a loan, then your Policy also will enter a grace period and possibly lapse whenever the Indebtedness exceeds the Cash Value on the Monthly Anniversary.