Policy illustration means a presentation or depiction that includes nonguaranteed elements of a policy of life insurance over a period of years.
Policy illustration means, with respect to any Policy, a level premium, policy values and Net Death Benefit projection produced by the Issuing Insurance Company or an agent of the Issuing Insurance Company, using the Issuing Insurance Company’s current/non-guaranteed values (with a non-guaranteed interest crediting rate not to exceed two-hundred (200) basis points over the guaranteed rate) sufficient to carry such Policy to its Policy Maturity Date, which Policy Illustration is not dated more than one-hundred eighty (180) days prior to the applicable Advance Date.
Policy illustration means a level premium, policy values and Net Death Benefit projection produced by the Eligible Insurance Company or an agent of the Eligible Insurance Company, using the Eligible Insurance Company’s current/non-guaranteed values sufficient to carry the Eligible Life Insurance Policy to the Life Expectancy Date.
Examples of Policy illustration in a sentence
On the Maturity date, if the policy is still in force, the Life insured survives and We have not paid out any claims, We will pay You a guaranteed maturity Benefit in one lump sum, less any outstanding amount owing to Us. Please refer to the Policy Illustration for the value of the maturity Benefit.
You may refer to the Policy Illustration for the guaranteed crediting rates for the first 3 years from the Policy issue date.
You may refer to the Policy Illustration for the prevailing crediting rates from the initial Policy commencement date.
We may adjust subsequent premiums and hence premiums may differ from the illustration in your Policy Illustration.
It is made up of: Provisions for ELASTIQ Your Policy Information Page Your Proposal form Your Policy Illustration Your Product Summary Any supplementary questionnaires that you have given to us for our risk assessment purpose, including information in medical reports Your Financial Needs Analysis (if applicable) Our offer of conditional acceptance (if any) and Any Endorsements we may issue to you on this policy.
More Definitions of Policy illustration
Policy illustration means, with respect to any Policy, a level premium, policy values and Net Death Benefit projection produced by the Issuing Insurance Company or an agent of the Issuing Insurance Company, using the Issuing Insurance Company’s current/non-guaranteed values (with a non- guaranteed interest crediting rate not to exceed two-hundred (200) basis points over the guaranteed rate) sufficient to carry such Policy to its Policy Maturity Date, which Policy Illustration is not dated more than one-hundred eighty (180) days prior to the applicable Advance Date.
Policy illustration means a presentation or depiction that includes 1207 nonguaranteed elements of a policy [of] offering life insurance over a period of years. 1208 (145) "Policy summary" means a synopsis describing the elements of a life insurance 1209 policy. 1210 (146) "PPACA" means the Patient Protection and Affordable Care Act, Pub. L. No. 1211 111-148 and the Health Care Education Reconciliation Act of 2010, Pub. L. No. 111-152, and 1212 related federal regulations and guidance. 1213 (147) "Preexisting condition," with respect to health care insurance: 1214 (a) means a condition that was present before the effective date of coverage, whether or 1215 not medical advice, diagnosis, care, or treatment was recommended or received before that day; 1216 and 1217 (b) does not include a condition indicated by genetic information unless an actual 1218 diagnosis of the condition by a physician has been made. 1219 (148) (a) "Premium" means the monetary consideration for an insurance policy. 1220 (b) "Premium" includes, however designated: 1221 (i) an assessment; 1222 (ii) a membership fee; 1223 (iii) a required contribution; or 1224 (iv) monetary consideration. 1225 (c) (i) "Premium" does not include consideration paid to a third party administrator for 1226 the third party administrator's services. 1227 (ii) "Premium" includes an amount paid by a third party administrator to an insurer for 1228 insurance on the risks administered by the third party administrator. 1229 (149) "Principal officers" for a corporation means the officers designated under 1230 Subsection 31A-5-203(3). 1231 (150) "Proceeding" includes an action or special statutory proceeding. 1232 (151) "Professional liability insurance" means insurance against legal liability incident 1233 to the practice of a profession and provision of a professional service.
Policy illustration means a presentation or depiction that includes
Policy illustration means a presentation or depiction that includes 2447 nonguaranteed elements of a policy of life insurance over a period of years. 2448 (129) "Policy summary" means a synopsis describing the elements of a life insurance 2449 policy. 2450 (130) "Preexisting condition," with respect to a health benefit plan: 2451 (a) means a condition that was present before the effective date of coverage, whether or 2452 not medical advice, diagnosis, care, or treatment was recommended or received before that day; 2453 and 2454 (b) does not include a condition indicated by genetic information unless an actual 2455 diagnosis of the condition by a physician has been made. 2456 (131) (a) "Premium" means the monetary consideration for an insurance policy. 2457 (b) "Premium" includes, however designated: 2458 (i) an assessment; 2459 (ii) a membership fee; 2460 (iii) a required contribution; or 2461 (iv) monetary consideration. 2462 (c) (i) "Premium" does not include consideration paid to a third party administrator for 2463 the third party administrator's services. 2464 (ii) "Premium" includes an amount paid by a third party administrator to an insurer for 2465 insurance on the risks administered by the third party administrator. 2466 (132) "Principal officers" for a corporation means the officers designated under 2467 Subsection 31A-5-203(3). 2468 (133) "Proceeding" includes an action or special statutory proceeding. 2469 (134) "Professional liability insurance" means insurance against legal liability incident 2470 to the practice of a profession and provision of a professional service. 2471 (135) (a) Except as provided in Subsection (135)(b), "property insurance" means 2472 insurance against loss or damage to real or personal property of every kind and any interest in 2473 that property: 2474 (i) from all hazards or causes; and 2475 (ii) against loss consequential upon the loss or damage including vehicle 2476 comprehensive and vehicle physical damage coverages.
Policy illustration means, with respect to any Policy, a level premium, policy values and Net Death Benefit projection produced by the Issuing Insurance Company or an agent of the Issuing Insurance Company, using the Issuing Insurance Company’s current/non-guaranteed values (with a non-guaranteed interest crediting rate not to exceed two-hundred (200) basis points over the guaranteed rate) sufficient to carry such Policy to its Policy Maturity Date, which Policy Illustration is not dated more than one-hundred eighty (180) days prior to the applicable Advance Date. GWG DLP Funding IV, LLC Fourth Amended and Restated Loan and Security Agreement
Policy illustration refers to the form attached to this Policy provided when You bought this Policy. It provides a summary of this product, its benefits and the Premiums that You will need to pay.
Policy illustration means a document prepared by, and obtained from, the Insurance Company setting forth the Insurance Company’s name and location, the Policy number, Policy type, the Death. Benefit Amount of the Policy, date of issue or effective date of the Policy, the current account value and cash surrender value of the Policy, and an indication of level annual premiums, level Death Benefit Amount, account values, cash surrender values and policy charges expected in respect of the Policy through the maturity date or other expiration date of the Policy.