Single Life Policy definition

Single Life Policy means this policy if it is issued to provide life cover to only single life i.e., the Life Assured.
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Single Life Policy means a Policy in which there is only one (1) life assured – the Life Assured.
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Single Life Policy means a policy that pays upon the death of the Participant. 2.
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Examples of Single Life Policy in a sentence

  • Accidental Death Benefit is an optional rider benefit which may be included on a Single Life Policy at the Start Date and provides for cover, which is additional to the Death Benefit, in the event of an Accidental Death.

  • The Policy will continue on the Life Assured as a Single Life Policy with the reduced Regular Premium, calculated as per sub-section8)a) i) above.

  • We let Γp,q to denote the following action of Zp on C3 given byξ : (x, y, z) → (ξx, ξ—1y, ξqz)Clearly, the action is free outside of the origin and the function F is invariant under the action.

  • On exclusion, the Policy can be continued as a Single Life Policy with a reduced Regular Premium.

  • The Death Benefit under each new Single Life Policy cannot exceed the Death Benefit of this Policy divided by the number of Lives Insured under this Policy.

  • Subsequently he made a public apology, describing his outburst as "inappropriate and unseemly".

  • Death Benefit in Instalments (Variant 5) At the time of intimation of death of the Life Assured (in a Single Life Policy or Joint Life Policy), the Policyholder or Nominee (as applicable) will have the option to take the Death Benefit in monthly or yearly instalments over a period of 5 years from the date of intimation of death, subject to the following: The frequency needs to be intimated in writing to the Company.

  • The Policyholder has the option to choose the Variant, take the Policy as Single Life Policy or Joint Life Policy, where available, and take the Policy with ROP Benefit or not (as available) in the Proposal Form and the option(s) in force will be specified in the Schedule.

  • This Policy’s Accumulation Value will be allocated to each new Single Life Policy in accordance with our administrative rules, and will not incur Surrender Charges as a result of the exchange.

  • The Death Benefit under each new Single Life Policy cannot exceed the Death Benefit of this Rider divided by the number of Lives Insured under this Rider.


More Definitions of Single Life Policy

Single Life Policy means this policy if it is issued to provide life cover to only single
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Single Life Policy means a policy of life assurance satisfying the conditions set out under section 393B(4)(b) of the Income Tax (Earnings and Pensions) Act 2003.
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Related to Single Life Policy

  • life policy means a contract in terms of which a person, in return for a premium, undertakes to -

  • Single Life Annuity means a Participant’s Grandfathered Benefit and/or 409A Benefit, as applicable, payable as an annuity in equal monthly installments over the life of the Participant, commencing as of the Payment Date and terminating in the month in which the Participant dies, with no further payments thereafter.

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

  • Emission Summary Table means the table prepared in accordance with O. Reg. 419/05 and the Procedure Document listing the appropriate Point of Impingement concentrations of each Compound of Concern from the Facility and providing comparison to the corresponding Ministry Point of Impingement Limit or Maximum Concentration Level Assessment.

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • 100-year flood means a flood that has a 1-percent or greater chance of recurring in any given year or a flood of a magnitude equalled or exceeded once in 100 years on the average over a significantly long period.

  • 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.

  • Policy Schedule means a schedule attached to these Terms and Benefits, which sets out, among others, the Policy Effective Date, Renewal Date, the name and the relevant particulars of the Policy Holder and the Insured Person, the eligible benefits, premium and other relevant details in respect of these Terms and Benefits.

  • 2001 CSO Mortality Table means that mortality table, consisting of separate rates of mortality for male and female lives, developed by the American Academy of Actuaries CSO Task Force from the valuation basic mortality table developed by the Society of Actuaries Individual Life Insurance Valuation Mortal- ity Task Force, and adopted by the NAIC in December 2002. The 2001 CSO mortality table is included in the Proceedings of the NAIC (2nd Quarter 2002) and is supplemented by the 2001 CSO preferred class structure mortality table and may be obtained from the office. Unless the context indicates otherwise, the “2001 CSO mortality table” includes both the ultimate form of that table and the select and ultimate form of that table and includes both the smoker and nonsmoker mortality tables and the composite mor- tality tables. It also includes both the age−nearest−birthday and age−last−birthday bases of the mortality tables.

  • Smoker and nonsmoker mortality tables means mortality tables with separate rates of mortality for smokers and nonsmokers.

  • Applicable Mortality Table means the 1983 Group Annuity Mortality Table; and

  • CSR Policy means the present Corporate Social Responsibility Policy of the Company, which covers the activities to be undertaken by the Company as specified in Schedule VII to the Act and the CSR Expenditure thereon.

  • Multiple Bill/Single Tariff means the billing method used when Switched Exchange Access Services is jointly provided by the Parties. As described in the MECAB document, each Party will render a bill in accordance with its own tariff for that portion of the service it provides. Each Party will bill its own network access service rates.

  • 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.

  • Credit life insurance means insurance on the life of a debtor in connection with

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Insurance Schedule means Schedule 3 attached hereto.

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • Table 4 Ending this Addendum when the Approved Addendum Changes Ending this Addendum when the Approved Addendum changes Which Parties may end this Addendum as set out in Section 19: Importer Exporter neither Party

  • Table E academic outcomes at receiving institution Component code (if any) Component title (as indicated in the course catalogue) at the receiving institution Was the component successfully completed by the student? [Yes/No] Number of ECTS credits Receiving institution grade Total: [Signature of responsible person in receiving institution and date]

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

  • Policy Year means the period of time these Terms and Benefits are in force. The first Policy Year shall be the period from the Policy Effective Date to the day immediately preceding the first Renewal Date as specified in the Policy Schedule (both days inclusive) within one (1) year period; and each subsequent Policy Year shall be the one (1) year period from each Renewal Date.

  • Master Policy means a single worker’s compensation insurance policy issued by an insurer authorized to do business in this state to an employee leasing company in the name of the employee leasing company that covers more than one client of the employee leasing company.

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

  • Composite mortality tables means mortality tables with rates of mortality that do not distinguish between smokers and nonsmokers.

  • Maximum Concentration Level Assessment means the Maximum Concentration Level Assessment for the purposes of a Basic Comprehensive Certificate of Approval, described in the Basic Comprehensive User Guide, prepared by a Toxicologist using currently available toxicological information, that demonstrates that the concentration at any Point of Impingement for a Compound of Concern that does not have a Ministry Point of Impingement Limit is not likely to cause an adverse effect as defined by the EPA. The concentration at Point of Impingement for a Compound of Concern must be calculated in accordance with O. Reg. 419/05.