Universal Life Sample Clauses

Universal Life. The amount of reinsurance is the net amount at risk minus the retention of the Ceding Company. The net amount at risk is defined to be the death benefit less the cash value. If the net amount at risk is reduced, the amount of reinsurance shall be reduced and any unearned reinsurance premiums associated with the reduction returned to the Ceding Company. Life Cession Minimum - $5,000. Unless otherwise agreed, the cases ceded under this Agreement shall be for at least $5,000 of life reinsurance benefit. ADB Limits - $5,000 & $150,000. Unless otherwise agreed, any Accidental Death Benefits ceded under this Agreement shall be for at least $5,000 per cession, and they shall not exceed $150,000 per life. Cologne's participation in Accidental Death Benefits shall be limited to $250,000 for total in force and applied for business.
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Universal Life. I. Commissions will be earned on any net increase by original Agent only if the policy is increased through the efforts of original Agent. A net increase is defined as an increase in "Specified Amount" over the previous highest "Specified Amount." This definition may vary by product.
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Universal Life. Excess premium is the first‐year premium paid in excess of the first‐year annualized commissionable premium on Universal Life policies. Renewal‐year external dump‐ins (rollovers) are considered renewal premium. Excess commission on the Passport UL product is not advanced. It is paid as earned when the Target commission advance has cleared.
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Universal Life. The net amount at risk is defined to be the death benefit minus the account value. The amount of reinsurance benefit at each policy duration is the net amount at risk at each duration minus the initial amount retained by the Company.
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Related to Universal Life

  • Term Life Insurance The Employer will maintain and make available to full-time and part-time employees, the current term life insurance plan as set forth in the document "Summary of Health Benefits, Maryland State Employees."

  • Business Travel, Lodging, etc Employer shall reimburse Executive for reasonable travel, lodging, meal and other reasonable expenses incurred by him/her in connection with his/her performance of services hereunder upon submission of evidence, satisfactory to Employer, of the incurrence and purpose of each such expense and otherwise in accordance with Employer’s business travel reimbursement policy applicable to its senior executives as in effect from time to time.

  • Cellular Phone Employer shall provide Employee with a cellular phone for his use in performing his responsibilities with Employer. In the alternative, Employer shall pay Employee’s cellular phone expense.

  • Life Insurance No portion of your IRA may be invested in life insurance contracts.

  • Health Insurance The Couple agrees that: (check one) ☐ - Each Spouse is responsible for THEIR OWN health insurance. ☐ - Health insurance IS PROVIDED by ☐ Husband ☐ Wife (“Health Insurance Paying Spouse”) to ☐ Husband ☐ Wife (“Health Insurance Receiving Spouse”). Health insurance shall include: (check all that apply) ☐ - Medical ☐ - Dental ☐ - Vision Care ☐ - Other. . To facilitate the use of such coverage for the Health Insurance Receiving Spouse, the Health Insurance Paying Spouse shall cooperate fully and in a timely manner, including, but not limited to, obtaining and providing all necessary insurance cards and claim forms, completing and submitting all necessary documents, and delivering all insurance payments.

  • Long-Term Disability Insurance 250. The City, at its own cost, shall provide to employees a Long Term Disability (LTD) benefit that provides, after a one hundred and eighty (180) day elimination period, sixty percent salary (60%) (subject to integration) up to age sixty-five (65). Employees who are receiving or who are eligible to receive LTD shall be eligible to participate in the City's Catastrophic Illness Program as set forth in the ordinance governing such program.

  • Key Man Life Insurance The Company may apply for and obtain and maintain a key man life insurance policy in the name of Executive together with other executives of the Company in an amount deemed sufficient by the Board, the beneficiary of which shall be the Company. Executive shall submit to physical examinations and answer reasonable questions in connection with the application and, if obtained, the maintenance of, as may be required, such insurance policy.

  • Standard Company Benefits Executive shall be entitled to participate in all employee benefit programs for which Executive is eligible under the terms and conditions of the benefit plans that may be in effect from time to time and provided by the Company to its employees. The Company reserves the right to cancel or change the benefit plans or programs it offers to its employees at any time.

  • Conhecimento da Lingua O Contratado, pelo presente instrumento, declara expressamente que tem pleno conhecimento da língua inglesa e que leu, compreendeu e livremente aceitou e concordou com os termos e condições estabelecidas no Plano e no Acordo de Atribuição (“Agreement” xx xxxxxx).

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