Premium Load. A Premium Load will be charged each time that a premium is paid to cover certain local, state and federal tax and certain sales and distribution costs. The Premium Load will equal the premium paid multiplied by the Premium Load rate shown in the Policy Specifications. The Premium Load associated with each premium will be immediately deducted from the premium paid. We reserve the right to increase the Premium Load with respect to the charge for local, state and federal tax. We will notify you of any such change.
Appears in 2 contracts
Sources: Insurance Policy (Pacific Select Exec Separate Account of Pacific Life & Annui), Insurance Policy (Pacific Select Exec Separate Account of Pacific Life & Annui)