Due Proof definition

Due Proof includes, but is not limited to, a letter signed by a Physician stating that the Owner or Annuitant has a Terminal Illness and the date the Terminal Illness was first diagnosed.
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Due Proof. Such evidence as We may reasonably require in order to establish that Policy Proceeds are due and payable. Effective Date of Coverage: Initially, the Investment Start Date; with respect to any increase in the Total Face Amount, the Monthly Anniversary Day that falls on or next follows the date We approve the supplemental application for such increase; with respect to any decrease in the Total Face Amount, the Monthly Anniversary Day that falls on or next follows the date We receive Your request.
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Due Proof includes, but is not limited to, a letter signed by a Physician stating the dates the Owner or Annuitant was confined, the name and location of the Long Term Care Facility or Hospital, a statement that the confinement was Medically Necessary, and, if released, the date the Owner or Annuitant was released from the Long Term Care Facility or Hospital.
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Examples of Due Proof in a sentence

  • To calculate the present value of variable annuity payments, We will use the AIR elected by the Contract Owner when this annuity option was selected and the Annuity Unit value on the date of receipt of Due Proof of Death.

  • During the time period between Our receipt of written notification of Due Proof of Death and Our receipt of complete settlement instructions from each Beneficiary, the calculated Death Benefit amount will be subject to market fluctuations.

  • If the Company has not received Due Proof of death or any other required documentation, the Company will calculate the share of the death benefit due to a Beneficiary using Contract values established at the end of the Business Day on the date the Company receives any remaining required documentation.

  • If the Company has received Due Proof of death, the Company will calculate the share of the death benefit due to a Beneficiary using Contract values established at the end of the Business Day on the date the Company receives a claim form with a payment option elected from that Beneficiary.

  • If a Death Benefit is payable after the Annuity Commencement Date, the Death Benefit will be calculated as of the date We receive both written notification of Due Proof of Death and settlement instructions as in the manner described in the settlement option then in effect.


More Definitions of Due Proof

Due Proof includes, but is not limited to, a legible photocopy of an Unemployment Compensation payment that meets the above described criteria with regard to dates and a signed letter from you stating that the Owner or Annuitant meets the above described c▇▇▇▇▇▇▇.
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Due Proof of death means a certified copy of a death certificate or a certified copy of a decree of a court of competent jurisdiction as to a finding of death, or written statement by a Doctor of Medicine who attended the deceased at time of death, or any other proof satisfactory to us. DEATH OF ANNUITANT - The Death Benefit will be payable to the Beneficiary upon receipt by us of Due Proof of the Annuitant's death during the Accumulation Period. DEATH OF OWNER The following section applies only if this Contract is issued on a non-qualified basis and if either of the two following conditions exist:
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Due Proof. Includes, but is not limited to, a letter signed by a Physician stating the dates the Owner or Annuitant was confined, the name and location of the Long Term Care Facility or Hospital, a statement that the confinement was Medically Necessary; and, if released, the date the Owner or Annuitant was released from the Long Term Care Facility or Hospital. "Medically Necessary" Confinement, care or treatment which is appropriate and consistent with the diagnosis in accord with accepted standards of practice, and which could not have been omitted without adversely affecting the individual's condition.
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Due Proof means the evidence in support of a claim for benefits and includes, but is not limited to, the following:
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Due Proof includes, but is not limited to, a legible photocopy of an Unemployment Compensation payment that meets the above described criteria with regard to dates and a signed letter from you stating that the Owner or Annuitant meets the above described criteria. Except as amended in this endorsement, the Contract remains unchanged. ----------------------------------------------------------------------- [GRAPHIC OMITTED][GRAPHIC OMITTED] ----------------------------------------------------------------------- Secretary Chairman and Chief Executive Officer
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Due Proof. Includes, but is not limited to, a legible photocopy of an Unemployment Compensation payment that meets the above described criteria with regard to dates and a signed letter from you stating that the Owner or ▇▇▇▇▇▇▇▇▇ meets the above described criteria. Except as amended in this endorsement, the Contract remains unchanged.
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Due Proof. Such evidence as We may reasonably require in order to establish that Policy Proceeds are due and payable. Effective Date of Coverage: Initially, the Investment Start Date; with respect to any increase in the Total Face Amount, the Monthly Anniversary Day that falls on or next follows the date We approve the supplemental application for such increase; with respect to any decrease in the Total Face Amount, the Monthly Anniversary Day that falls on or next follows the date We receive Your request. Enhancement Benefit: Additional value, no less than the minimum specified in Section 1, to be payable on all Surrenders (excepting Surrenders made as part of an exchange under Internal Revenue Code 1035).
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