Continuation Date definition
Examples of Continuation Date in a sentence
If We receive (a) and (b) on different dates, the Continuation Date will be the later date.
The original deceased Owner's surviving spouse who is designated as the primary Beneficiary at the time of the Owner's death and may continue the Contract as the Owner on the Continuation Date.
If the Contract Value on the Continuation Date is less than the death benefit, an amount will be added to the Contract Value to make up the difference.
Conversion/ Continuation Date: Any date on which under Section 2.5, the Borrower (a) converts Loans of one Type to another Type, or (b) continues as Loans of the same Type, but with a new Interest Period, Loans having Interest Periods expiring on such date.
Any future death benefit, including an enhanced death benefit, if any, will be determined on that basis and will use the age of the surviving spouse on the Continuation Date.