Universal Life Fund definition

Universal Life Fund means the fund that is built up with premiums of Universal Life policies.
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Examples of Universal Life Fund in a sentence

  • The investment assets of Universal Life Fund are limited to fixed-income assets which include (but not limited to) government bonds, municipal bonds, corporate bonds and bank deposits.

  • Just like a great movie, the success of TEP led to several sequels and to a prequel, so nowadays when we talk about TEP we have to make clear whether we mean the original movie TEP-I or the whole franchise.

  • Dai-ichi Lfe Vietnam had prospect in Universal Life Fund and it’s will less any fee related to Universal Life Fund.The Credit interest will announce after less Fund Management Fee, Dai-ichi Life Vietnam will post all information about the interst rate of policy in Dai-ichi Life websiteWhile the policy is still in force, interest will be credited to the Policy Account Value at rate declared by Dai-ichi Life Vietnam from time to time in its website.

  • The investment objective of Universal Life Fund is to achieve stable and profitable investment return with adequate liquidity.DLVN will pursue the investment objective by selecting profitable investment.

  • From the information submitted by Taxpayer and U, we have concluded that the amounts charged for, and allocated to permanent benefits provided under the Group Universal Life Fund, are not being used to reduce amounts includible in income under the Basic Life program.

  • By treating the obligations separately so that section 79 of the Code applies to neither the Group Universal Life Insurance nor the Group Universal Life Fund portions of the Group Universal program, the issue arises as to whether section 83 may apply.

  • Further, if the permanent benefits provided under the Group Universal Life Fund portion of the Group Universal program cannot be treated as a separate policy, the cost of the permanent benefits (as determined under section 1.79-1(d)(2) of the regulations), less amounts paid by an employee for those benefits, are includible in the gross income of one or more employees.

  • With respect to whether the permanent benefits provided under the Group Universal Life Fund are subject to taxation under section 79 of the Code, an obligation that provides a permanent benefit can be treated as a separate policy if the four requirements described in the regulations are met.

  • The values projected under low scenario are based on Universal Life Fund investment return of 2.82% p.a. All investment returns used are after deduction for tax and crediting spread.

  • The district court appointed her temporary guardian for medical and school purposes.

Related to Universal Life Fund

  • Universal Digital Loop Carrier (UDLC means the DLC system that has a CO terminal channel bank that is connected to the CO switches on the analog side.

  • Retirement fund means the "Washington law enforcement

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Universal bilateral modification means a bilateral modification, as defined in FAR subpart 43.1, that updates or incorporates new FAR or AIDAR clauses, other terms and conditions, or special requirements, affecting all USAID awards or a class of awards, as specified in the Agency notification of such modification.

  • Shopping mall means an enclosed public walkway or hall area that serves to connect retail or professional establishments.

  • Enterprise Fund means the enterprise fund of the Recipient in which Revenues are deposited.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Intercollegiate sport means a sport played at the collegiate level for which eligibility requirements for participation by a student athlete are established by a national association for the promotion or regulation of collegiate athletics.

  • Distribution Company means a distribution company as defined in Section 1 of Chapter 164 of the Massachusetts General Laws.3

  • Units serving lower income households means units that are occupied by lower income households at an affordable rent, as defined in section 50053 of the Health and Safety Code or, to the extent that the terms of federal, state, or local financing or financial assistance conflicts with section 50053, rents that do not exceed those prescribed by the terms of the financing or financial assistance. Effective October 13, 2017, pursuant to Revenue and Taxation Code section 214(g)(2)(A)(iii), a unit in a property that receives federal low income housing tax credits shall continue to be treated as occupied by a lower income household if the occupants were lower income households on the lien date in the fiscal year in which their occupancy of the unit commenced and the unit continues to be rent restricted, notwithstanding an increase in the income of the occupants of the unit to 140 percent of area median income (AMI), adjusted for family size (“over-income” tenants). Units reserved for lower income households at an affordable rent that are temporarily vacant due to tenant turnover or repairs shall be counted as occupied.

  • Special Fund means any fund other than the city general fund.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Active life of a facility means the period from the initial receipt of hazardous waste at the facility until the Agency receives certification of final closure.

  • Defined Contribution Plan Fraction means a fraction, the numerator of which is the sum of the Annual Additions to the Member's account under all the defined contribution plans (whether or not terminated) maintained by the Employer for the current and all prior Limitation Years (including the Annual Additions attributable to the Member's nondeductible employee contributions to all defined benefit plans, whether or not terminated, maintained by the Employer, and the Annual Additions attributable to all welfare benefit funds, individual medical accounts, and simplified employee pensions, maintained by the Employer), and the denominator of which is the sum of the maximum aggregate amounts for the current and all prior Limitation Years of service with the Employer (regardless of whether a defined contribution plan was maintained by the Employer). The maximum aggregate amount in any Limitation Year is the lesser of (i) 125 percent of the dollar limitation under Code Section 415(c)(1)(A) after adjustment under Code Section 415(d) or (ii) 35 percent of the Member's Compensation for such year. If the Employee was a member as of the end of the first day of the first Limitation Year beginning after December 31, 1986, in one or more defined contribution plans maintained by the Employer which were in existence on May 6, 1986, the numerator of this fraction will be adjusted if the sum of this fraction and the Defined Benefit Plan Fraction would otherwise exceed 1.0 under the terms of this Plan. Under the adjustment, an amount equal to the product of (i) the excess of the sum of the fractions over 1.0 times (ii) the denominator of this fraction, will be permanently subtracted from the numerator of this fraction. The adjustment is calculated using the fractions as they would be computed as of the end of the last Limitation Year beginning before January 1, 1987, and disregarding any changes in the terms and conditions of the plan made after May 5, 1986, but using the Code Section 415 limitation applicable to the first Limitation Year beginning on or after January 1, 1987. The Annual Addition for any Limitation Year beginning before January 1, 1987, shall not be recomputed to treat all employee contributions as Annual Additions.

  • universal service means any service approved by the board

  • Moderate-income household means a household with a total gross annual household income in excess of 50 percent but less than 80 percent of the median household income.

  • Insurance premium finance company means a person engaged in the business of

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Section 385 Controlled Partnership has the meaning set forth in Treasury Regulation Section 1.385-1(c)(1) for a “controlled partnership”.

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Economic Life means the number of years a property improvement is expected to be in service in a facility.

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • 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.