Common use of Premium Clause in Contracts

Premium. A payment made under a Contract by an applicant or purchaser a Contract owner to purchase benefits under the Contract.

Appears in 3 contracts

Sources: Principal Underwriter Agreement (Zalico Variable Annuity Separate Account), Limited Principal Underwriter Agreement (Zalico Variable Annuity Separate Account), Principal Underwriter Agreement (Kilico Variable Annuity Separate Account)

Premium. A payment made under a Contract by an applicant or purchaser to purchase benefits under the Contract.

Appears in 1 contract

Sources: Principal Underwriter and Selling Firm Agreement (KILICO Variable Annuity Separate Account - 3)