Policy Month definition

Policy Month means a month measured from the same date in a month as the Policy Effective Date.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Policy Month means a period of thirty (30) consecutive calendar days starting with the Date of Commencement of the policy as stated in the policy schedule and each subsequent period for one consecutive calendar month thereafter.

Policy Month. A one-month period commencing on the Issue Date or any Monthly Anniversary Day and ending on the next Monthly Anniversary Day.

Examples of Policy Month in a sentence

• The effective date of the purchased increase is the Policy Anniversary day falling in the next Policy Month starting after Disability Benefits {and Recovery Benefits} ended and premiums are no longer waived.

• If, at the end of any Policy Month, the sum of Aggregate Accommodation payments paid to the Insured during the Policy Year exceeds (i) the Eligible Claims Expenses paid from the first day of the Policy Year, less (ii) the estimated Aggregate Stop Loss Amount per month accumulated since the first day of the Policy Year, this amount shall be repaid to Alliant within 30 days after Alliant requests such repayment.

• Accumulation Value The Accumulation Value on the Policy Date will be equal to all Net Premium Payments made for this Policy as of the Policy Date, minus the Monthly Deduction for the current Policy Month.

• This charge is made, in arrears, at the end of each Policy Month.

• The Monthly Deduction for each Policy Month will be: - The Cost of Insurance for this policy and any optional benefit riders attached to this policy, and - The Monthly Expense Charge shown in the Policy Schedule.

More Definitions of Policy Month

Policy Month means a period of one month each reckoned from the date corresponding numerically with the Date of Commencement of the policy.

Policy Month. A one month period beginning on the same day of the month as the issue date of the policy.

Policy Month. A one-month period commencing on the policy date or any Monthly Anniversary Day and ending on the next Monthly Anniversary Day.

Policy Month means a period of thirty (30) consecutive calendar days starting with the Date of Commencement of the Policy as stated in the Policy Schedule and each subsequent period of thirty (30) consecutive calendar days thereafter;

Policy Month is a month that starts on the MONTHLY ANNIVERSARY DAY.

Policy Month means the period commencing from one Monthiversary and ending on the day immediately before the next Monthiversary. The first Policy Month refers to the period commencing from the Policy Date and ending on the day immediately before the first Policy Monthiversary.

Policy Month means the period of one month following the commencement date and every subsequent month.