Maturity Age definition

Maturity Age means the age of maturity or age of endowment set forth in the terms of a life insurance policy. If a life insurance policy does not specify an age of maturity or age of endowment, Maturity Age shall mean the limiting age under the life insurance policy. The limiting age of a life insurance policy is the terminal age of the mortality table specified in the policy for calculating reserves and/or non-forfeiture values, or, if the policy does not reference a mortality table for policy reserves and/or non-forfeiture values, then the limiting age is the terminal age of the mortality table used in calculating the cost of insurance for the policy.
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Maturity Age means the age of maturity or age of endowment set forth in the terms of a Policy. If a Policy does not specify an age of maturity or age of endowment, Maturity Age shall mean the limiting age under the Policy. The limiting age of the Policy is the terminal age of the mortality table specified in the Policy for calculating reserves and/or non-forfeiture values, or, if the Policy does not reference a mortality table for Policy reserves and/or non-forfeiture values, then the limiting age is the terminal age of the mortality table used in calculating the cost of insurance for the Policy.
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Maturity Age means the age attained in the year in which the payment of retirement income provided for by the plan, If having not commenced earlier, must commence, as prescribed under the Income Tax Act.
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Examples of Maturity Age in a sentence

  • Plan: Flexible Premium Deferred Life Annuity: Preferred 5 Preferred 8 Preferred Choice Maturity Age: Life Life & Period Certain, Years: 5 10 15 20First Premium: $ Mode: Annual Semi Annual Quarterly Bank Drafta.

  • The Paid-Up Terminal Value is calculated as (Total Premiums Paid / Total Premiums payable over the Premium Payment Term) x Terminal Value, where: • Terminal Value = Base Sum Assured x (5% + 1.2% x (Maturity Age – 60))• Maturity Age is the Age of the Life Assured at Date of Maturity.

  • In this scenario two children with autism are involved in a turn-taking and imitation game.

  • The money shall be held in the Plan till the Child attains the Maturity Age and will not be transferred by the Investor.

  • After the Child (or the Alternate Child, as the case may be) attains the Maturity Age the underlying Units of the Plan may be redeemed by the Child (or the Alternate Child, as the case may be) as the exclusive done.

  • Upon maturity of the Plan, i.e. upon the Child attaining the Maturity Age during the life time of the Investor, or upon reaching eighteen (18) years of age (after the demise of the Investor), the Child shall have the option to either redeem the Units or to switch over to other Plan or Funds offered by the Management Company as and how he or she may deem appropriate.

  • The specific mitigation commitments from the Cooperative Agreement are detailed under “Special Conditions for Location Approval.” Based on consideration of the mitigation and coordination with the City, FHWA has made a determination that the proposed project will have a de minimis impact on the property.No state-listed plant or animal species were found within the project area, but potential habitat was found for the eastern massasauga rattlesnake, Indiana bat, and bald eagle.

  • In the event of demise of the Child (or the Alternate Child, as the case may be) before attaining the Maturity Age, the Investor shall have the right to nominate an Alternate Child or a Second Alternate Child (in case an Alternate Child has already been nominated) for continuity of the Plan.

  • The Plan shall then mature upon the Alternate Child attaining the Maturity Age as may be notified by the Investor at the time of the transfer of the Plan in favor of the Alternate Child and the Units shall be automatically transferred to in the Register in the name of the Alternate Child.

  • Maximum Maturity Age: [75] years nearest birthday (in years)Age at entry for the policyholder is to be taken as age nearest birthday except for the minimum age at entry i.e. 8 years.

Related to Maturity Age

  • Maturity when used with respect to any Security, means the date on which the principal of such Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise.

  • Maturity Amount means the amount due at maturity with respect to a Capital Appreciation Bond.

  • Maturity Date shall have the meaning assigned to such term in Exhibit A.

  • Loan Maturity Date means the date on which the entire unpaid balance of the Loan, including principal and interest, is due and payable.

  • Facility Maturity Date means the earliest to occur of (i) the Stated Maturity Date, (ii) the date of the declaration, or automatic occurrence, of the Facility Maturity Date pursuant to Section 7.01, (iii) the Collection Date and (iv) the occurrence of the termination of this Agreement pursuant to Section 2.18(b) hereof.

  • Tranche A Maturity Date means August 4, 2005, or, if such day is not a Business Day, the next preceding Business Day.

  • Term Loan Maturity Date means the Initial Maturity Date, or, if such date has been extended pursuant to Section 2.15, such later date to which the Term Loan Maturity Date has been extended pursuant to Section 2.15.

  • Term Loan A Maturity Date means the earliest of (a) May 24, 2012, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B-1 Loans, the Term B-1 Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Term Maturity Date means December 30, 2021 (or, with respect to any Term Lender that has extended the maturity date of its Term Loans pursuant to Section 2.19(b), the extended maturity date set forth in the Extension Notice delivered by the Borrower and such Term Lender to the Administrative Agent pursuant to Section 2.19(b)).

  • Revolver Maturity Date means September 21, 2023, or, as to any Revolving Credit Lender for which the Revolver Maturity Date is extended pursuant to Section 2.17, the date to which the Revolver Maturity Date is so extended or, if such day is not a Business Day, the next preceding Business Day.

  • Maturity Payment Date means the date falling on the fifth Business Day following the Valuation Date, provided, however, that if the Reference Portfolio Return is not determined on such Valuation Date because the date at which the Reference Asset Return of one or more Reference Assets to be determined is postponed, then the Maturity Payment Date will be the fifth Business Day following the latest of such postponed dates at which the Reference Portfolio Return is determined; in each case where the Maturity Payment Date is so postponed, there will be no interest or other compensation made in respect of any such delay.

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Legal Maturity Date means July 15, 2024.

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.

  • Swingline Maturity Date means, with respect to any Swingline Loan, the date that is five Business Days prior to the Maturity Date.

  • Revolving Loan Maturity Date means April 15, 2012, unless extended by Lender pursuant to any modification, extension or renewal note executed by Borrowers and accepted by Lender in its sole and absolute discretion in substitution for the Revolving Note.

  • Revolving Maturity Date means the day before the first anniversary of the Closing Date.

  • Term B Loan Maturity Date means December 15, 2006 or such earlier date as the outstanding Term B Loan shall have been reduced to $0 pursuant to this Agreement.

  • Final Maturity has the meaning specified in Section 308.

  • Early Maturity Date means the date notified to the Investor as such in the Early Maturity Notice;

  • Maximum Maturity means an obligation that has a remaining maturity of not greater than the period specified in the Standard (or if no such period is specified, thirty years);

  • Final Maturity Date means March 31, 2022.

  • Tranche A Term Loan Maturity Date means October 20, 2015.

  • Scheduled Maturity Date means June 30, 2032.