Qualified Plan Rider definition

Qualified Plan Rider. This rider indicates that the policy is owned by a qualified plan, details the policy owner's reporting responsibilities to The Hartford, and describes features and activities that are unavailable when the policy is owned by a Qualified Plan. Allocated Retention Pool -- Effective 10/1/2008 Between HLIC and Swiss Re Amendment #2 -- Effective 10/1/2008 SCHEDULE A PLANS OF INSURANCE COVERED UNDER THIS AGREEMENT EFFECTIVE OCTOBER 1, 2008 LAST SURVIVOR PLANS OF INSURANCE NAR BASE POLICY VALUATION MORTALITY TABLE(S) TYPE* ------------------------------------------------------------------------------------------------------- Hartford Leaders VUL Joint Legacy 2001 CSO M/F S/NS Ultimate ALB A Hartford Leaders VUL Joint Legacy II 2001 CSO M/F S/NS Ultimate ANB A Hartford Advanced Last Survivor UL 2001 CSO M/F S/NS Ultimate ALB B Hartford Bicentennial UL Joint Freedom 2001 CSO M/F S/NS Ultimate ALB B Hartford Bicentennial UL Joint Freedom II 2001 CSO M/F S/NS Ultimate ANB B ------------ * NAR Type is described in Schedule B. RIDERS PROVIDING DEATH BENEFITS THAT ARE RIDERS THAT PROVIDE ADDITIONAL ELIGIBLE FOR REINSURANCE BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE: Estate Protection Rider (NAR Type is C) LS Exchange Option Rider Policy Protection Rider Estate Tax Repeal Rider Foreign Travel Exclusion Rider Guar. Min. Accum. Benefit (GMAB) Rider Paid-Up Life Insurance Rider RIDER DESCRIPTIONS (Rider descriptions are added for convenience. To the extent the description conflicts with the terms of the rider, the rider will govern.) RIDERS PROVIDING DEATH BENEFITS THAT ARE ELIGIBLE FOR REINSURANCE: Estate Protection Rider: This rider provides last survivor level term life insurance on the base policy insureds for three years. RIDERS THAT PROVIDE ADDITIONAL BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE: LS Exchange Option Rider: Allows a Last Survivor policy to be split into two Single Life policies, without new evidence of insurability, if divorce, business dissolution, or estate-tax repeal or reduction occurs. The face amount of each new Single Life policy will equal one half of the Last Survivor policy face amount. Upon a split, reinsurance will continue at point-in-scale rates for each single life, as documented in Section X.C. (This rider is not available when one of the insureds is uninsurable or above Table H.) Policy Protection Rider: Protects the death benefit of the base policy and any Estate Protection Rider from lapse as long as the Policy Protectio...
Sample 1Sample 2Sample 3
Qualified Plan Rider. This rider indicates that the policy is owned by a qualified plan, details the policy owner's reporting responsibilities to The Hartford, and describes features and activities that are unavailable when the policy is owned by a Qualified Plan.
Sample 1Sample 2Sample 3

Examples of Qualified Plan Rider in a sentence

  • Qualified Plan Rider: Indicates that the policy is owned by a qualified plan, details the policy owner's reporting responsibilities to the Ceding Company, and describes features and activities that are unavailable when the policy is owned by a Qualified Plan.

  • Conversion Option Rider Overloan Protection Rider Waiver of Specified Amount (WSA) Rider Waiver of Monthly Deductions (WMD) Rider Children's Life Insurance Rider Foreign Travel Exclusion Rider Estate Tax Repeal Benefit Rider Modified Surrender Value Rider Cash Surrender Value Endorsement Automatic Premium Payment Rider Additional Premium Rider Qualified Plan Rider ------------ * NAR Type is described in Schedule B.

  • Allocated Retention Pool -- Effective 10/1/2008 Between HLIC and Swiss Re Amendment #2 -- Effective 10/1/2008 SCHEDULE A PLANS OF INSURANCE COVERED UNDER THIS AGREEMENT EFFECTIVE OCTOBER 1, 2008 RIDERS THAT PROVIDE ADDITIONAL BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE (CONTINUED): Cash Surrender Value Endorsement Automatic Premium Payment Rider Additional Premium Rider Qualified Plan Rider RIDER DESCRIPTIONS (Rider descriptions are added for convenience.

  • Paid-Up Life Insurance Rider Conversion Option Rider Overloan Protection Rider Waiver of Specified Amount (WSA) Rider Waiver of Monthly Deductions (WMD) Rider Children's Life Insurance Rider Foreign Travel Exclusion Rider Estate Tax Repeal Benefit Rider Modified Surrender Value Rider Cash Surrender Value Endorsement Automatic Premium Payment Rider Additional Premium Rider Qualified Plan Rider ------------ * NAR Type is described in Schedule B.

  • This requirement, however, will be especially important for the aircrew cohort.

  • OPTIONAL BENEFITS / / Owner Designated Settlement Option Rider / / Qualified Plan Rider (Complete Beneficiary Designation and Designated / / Other ] Settlement Option Form) 10.

  • Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 11 -- Effective 10/15/2012 RIDERS THAT PROVIDE ADDITIONAL BENEFITS THAT ARE NOT ELIGIBLE FOR REINSURANCE (CONTINUED): Qualified Plan Rider: Indicates that the policy is owned by a qualified plan, details the policy owner's reporting responsibilities to the Ceding Company, and describes features and activities that are unavailable when the policy is owned by a Qualified Plan.

  • Paid-Up Life Insurance Rider Conversion Option Rider Overloan Protection Rider Waiver of Specified Amount (WSA) Rider Waiver of Monthly Deductions (WMD) Rider Children's Life Insurance Rider Foreign Travel Exclusion Rider Estate Tax Repeal Benefit Rider Modified Surrender Value Rider Cash Surrender Value Endorsement Automatic Premium Payment Rider Additional Premium Rider * NAR Type is described in Schedule Qualified Plan Rider B.

  • Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and Swiss Re Amendment 10 -- Effective 10/15/2012 Qualified Plan Rider: Indicates that the policy is owned by a qualified plan, details the policy owner's reporting responsibilities to the Ceding Company, and describes features and activities that are unavailable when the policy is owned by a Qualified Plan.

  • Allocated Retention Pool -- Effective 10/01/2008 Between HLAIC and Swiss Re Amendment 12 -- Effective 10/15/2012 RIDERS THAT PROVIDE ADDITIONAL BENEFITS THAT ARE NOT ELIGIBLE FOR REINSURANCE (CONTINUED): Qualified Plan Rider: Indicates that the policy is owned by a qualified plan, details the policy owner's reporting responsibilities to the Ceding Company, and describes features and activities that are unavailable when the policy is owned by a Qualified Plan.

Related to Qualified Plan Rider

  • Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • Qualified Plans has the meaning set forth in Section 5.20.

  • Qualified Participant means a Participant who has attained age 55 and who has completed at least 10 years of participation in the Plan.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Eligible Retirement Plan means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the Distributee's Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Retirement Benefit means the benefit set forth in Article 5.

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

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.