Simplified Issue definition

Simplified Issue means that no medical exam or blood samples are required. You simply answer a few yes/no questions about your medical history, which are reviewed in our underwriting process. And you don’t have to wait long for coveragepolicies are typically issued for qualified applicants within 1–2 days. It’s a surprisingly simple, convenient way to get the life insurance protection your family may need.

Examples of Simplified Issue in a sentence

If the applicant qualifies for Simplified Issue, build will not be a factor in the underwriting decision.

The minimum employer premium contribution is ≥ $10 per paid employee per month, or at least 10% of premium per paid employee.2 Simplified Issue underwriting is available to actively-at-work employees (and employer-paid spouses), up to age 68, applying for a Benefit Bank amount of ≤ $400,000 during the initial 90 day offer period, or within 90 days of an eligible employee’s date of hire.

Counter-Offers – Multi-life ApplicationsApplicants associated with a multi-life case who have completed a multi-life application and who are eligiblefor Simplified Issue will be approved or declined as applied and will not receive counter-offers of any kind.Multi-life applicants who require full underwriting because they are not eligible for Simplified Issue underwriting may receive counter-offers if LifeSecure cannot approve the policy for the benefits applied for.

The actively-at-work requirement does not apply to Spouses; however, the Employee must also apply for the Spouse to be eligible for Simplified Issue underwriting.3 For groups with ≥ 75 eligible employees, a minimum of 10 submitted applications is required during the initial offer period in order for the group to retain Simplified Issue availability.

If an applicant would meet all requirements for Simplified Issue underwriting other than the Benefit Bank coverage amount requested, any counter-offer will be for no less than $400,000.

Refer also to the Eligibility chart in Section 5.Applicant eligibility requirements for Simplified Issue:- W-2 Employees of the sponsoring employer, ages 18-68, who are currently actively-at-work at their usual place of employment for a minimum of 20 hours per week;- Spouses/Domestic Partners of eligible W-2 Employees, ages 18-68, ONLY WHEN the employer is contributing a required minimum amount toward the spouse’s/domestic partner’s premium.

Employer Contribution Required)Employer-paid 1(required) Simplified Issue 2≥ 3 covered EmployeesORFor Spouses to also qualify forSimplified Issue:≥ 10 Employer-paid Employees and Spouses combined must be covered within initial 90 day offer period Multi-life Rates with 5% Employer-contribution Discount (applicable only to individuals receiving Employer contributions) 4 Remaining Employee and Spouse population may also apply, but with Full Underwriting.

An applicant may be contacted to clarify any discrepancy between the application and the MIB or drug database screen.If the applicant does not qualify for Simplified Issue underwriting, decisions will be based on the application, MIB review, drug database findings, and any other information obtained through the underwriting protocols required for that application.

However, the original applicants will still qualify for Simplified Issue underwriting.4 Employer-contribution Discount is not available in Florida.

If the applicant is not eligible for Simplified Issue Underwriting, Full Underwriting will be required.Directions are provided on the application to ensure all appropriate sections are completed, depending on the type of underwriting required.

Related to Simplified Issue

Rights Issue means an offer of shares open for a period fixed by the Directors of the Company to holders of shares of the Company or any class thereof on the register on a fixed record date in proportion to their then holdings of such shares or class thereof (subject to such exclusion or other arrangements as the Directors of the Company may deem necessary or expedient in relation to fractional entitlements or having regard to any restrictions or obligations under the laws of, or the requirements of any recognised regulatory body or any stock exchange in, any territory outside Hong Kong).”
Plan means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.
Program means the Contributions distributed in accordance with this Agreement.
Child means any person under eighteen years of age.
Employer means the United Nations Development Programme (UNDP).
corrupt practice means the offering, giving, receiving, or soliciting of anything of value to influence the action of a public official in the procurement process or in contract execution.
Minister means the Minister in the Government of the State for the time being responsible for the administration of the Act to ratify this Agreement and pending the passing of that Act means the Minister for the time being designated in a notice from the State to the Company and includes the successors in office of the Minister;
Effective Date means each date and time that the Registration Statement, any post-effective amendment or amendments thereto and any Rule 462(b) Registration Statement became or becomes effective.
Fund means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.
Policy means Related Party Transaction Policy.
Customer means and include the account debtor with respect to any Receivable and/or the prospective purchaser of goods, services or both with respect to any contract or contract right, and/or any party who enters into or proposes to enter into any contract or other arrangement with any Borrower, pursuant to which such Borrower is to deliver any personal property or perform any services.
Family member means spouse, father, mother, child, father-in-law, mother-in-law, daughter-in-law or son-in-law.
Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.
the Act means the Localism Act 2011;
bid means a written offer in a prescribed or stipulated form in response to an invitation by an organ of state for the provision of goods or services, through price quotations, advertised competitive bidding processes or proposals;
Code means the Internal Revenue Code of 1986, as amended.
Council means the Council of the Municipality;
Department means the department of natural resources.
Securities Act means the Securities Act of 1933, as amended.
Exchange Act means the Securities Exchange Act of 1934, as amended.
Division means the division of the assets, liabilities and/or obligations of a Person (the “Dividing Person”) among two or more Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include the Dividing Person and pursuant to which the Dividing Person may or may not survive.
Subsidiary means a “subsidiary corporation,” whether now or hereafter existing, as defined in Section 424(f) of the Code.
Employee means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company. Neither service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute “employment” by the Company.
Agency means a city, county, borough or other office, position, department, division, bureau, board or commission, or a corporation, institution or agency of government, the expenses of which are paid in whole or in part from the City treasury.
Member means any of the entities that make up the joint venture/consortium/association, and “Members” means all these entities.
Permit means any federal, state, local, and foreign governmental approval, authorization, certificate, easement, filing, franchise, license, notice, permit, or right to which any Person is a party or that is or may be binding upon or inure to the benefit of any Person or its securities, Assets, or business.