Monthly Anniversary definition

Monthly Anniversary means the date in every month corresponding with the Date of Commencement of Risk;
Monthly Anniversary means the date in every month corresponding with the Effective Date and if such corresponding date does not exist in a particular month, then the last day of that month;
Monthly Anniversary means the date in every month corresponding with the Policy Commencement Date.

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.


More Definitions of Monthly Anniversary

Monthly Anniversary means the same day of the month as the policy date for each succeeding month that this policy remains in effect.
Monthly Anniversary means the date in every month corresponding most closely with the Effective Date.
Monthly Anniversary means the same date of each succeeding month as the Effective Date of the policy.
Monthly Anniversary. The same date of each calendar month as the Issue Date, or the last date of a calendar month, if earlier.
Monthly Anniversary means the monthly anniversary from the date of the Patient's first appointment.
Monthly Anniversary. Occurs on the same numerical day of the month as the Policy Date shown on the Policy Schedule in each subsequent Policy Month this Policy remains in force. V17-J355X-NY 8-20
Monthly Anniversary is the same day each month as the Rider Issue Date following the Rider Issue Date. If the day does not exist in a month, the last day of the month will be used. If the day is a non- business day, the next business day will be used.