Individual Life Insurance Policy definition

Individual Life Insurance Policy means the Flexible Premium Adjustable Life Insurance, Universal Life policy issued by Great-West Life & Annuity Insurance Company ("Great-West") in the face amount of $500,000 payable to beneficiaries designated by the Executive or his estate or trust in lieu thereof.
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Examples of Individual Life Insurance Policy in a sentence

  • Being the employee of State Life, all employees be given an Individual Life Insurance Policy worth Rs.20.00 Lacs free of cost.

  • Individual Life Insurance Policy No.個人壽險保單號碼Group Policy No.團體保單號碼O3362093Group Certificate / Employee No. of the Insured Employee / Claimant Member ID (10 digits no.

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  • GLA-04115 10/08 Rev Conversion of Group Term Life Insurance To An Individual Life Insurance Policy On Termination of Employment Important The group Policy provides that all requirements for conversion must be made within 31 days after the date your Group insurance terminates.

  • You too, may contract a health condition that can make you uninsurable or rated when applying for a new Individual Life Insurance Policy.

  • However, the amount of terminated Life Insur- ance may be converted to an Individual Life Insurance Policy as though your employment had terminated.

  • Individual Life Insurance Policy Claims Paid The Company provided a universe of 1,081 individual life insurance policy claims paid during the examination period.

  • The older you get, the more valuable an Individual Life Insurance Policy becomes.

  • If your Long Term Disability benefits based on credited service are exhausted before you qualify for retirement, your Life Insurance in effect at the commencement of disability will be However, the amount of terminated Life Insurance may be converted to an Individual Life Insurance Policy as though your employment had terminated.

  • Underwriting at Time of Application When applying for an Individual Life Insurance Policy, the underwriting becomes more extensive, the older we are, and the more insurance is being applied for.

Related to Individual Life Insurance Policy

  • Life Insurance Policy has the meaning given in Section 6.10.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • 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.

  • Blanket insurance policy means a group policy covering a defined class of

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

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

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.