Definition of Policy Year
Policy Year means the twelve month period (and each successive twelve month period) beginning on the issue date of the Policy.
Examples of Policy Year in a sentence
- Guaranteed Future Value The Guaranteed Future Value on the Rider Date is equal to Your Policy Value (less any premium enhancements if this rider is added in the first Policy Year).
- Beginning in the first Policy Year, a SPO is available on a monthly, quarterly, semi-annual or annual basis.
- Any transfers in excess of 12 per Policy Year may be charged a $10 per transfer fee.
Policy Year means each 12-consecutive month period designated as such in a Policy. The first Policy Year with respect to a Policy shall commence on the applicable Policy Date. (s)
Definition of Policy Year in Benefit Plan
Policy Year means the twelve month period (and each successive twelve month period) beginning on the effective date of the Agreement.