Premium Bonus Percentage definition

Premium Bonus Percentage is added and refers to the percentage used in calculating the Premium Bonus.
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Examples of Premium Bonus Percentage in a sentence

  • Furthermore, in the event of a surrender, for any Free Withdrawal(s) taken during the Recovery Period, an additional Non-Vested Premium Bonus will be recovered by us and will be equal to 1 minus the applicable Vested Premium Bonus Percentage shown above, in effect at the time of the original withdrawal(s), multiplied by the Premium Bonus Percentage, multiplied by the corresponding Free Withdrawal(s).

  • In the event of a withdrawal taken in excess of the Free Withdrawal Amount, the Non- Vested Premium Bonus recovered by us is equal to 1 minus the applicable Vested Premium Bonus Percentage shown above, multiplied by the Premium Bonus Percentage, multiplied by the gross withdrawal amount in excess of the Free Withdrawal Amount.

  • In the event of surrender, the Non-Vested Premium Bonus recovered by us is equal to 1 minus the applicable Vested Premium Bonus Percentage shown on the Schedule Pages, multiplied by the Premium Bonus Percentage, multiplied by the Accumulation Value.

  • In the event of death, the Non- Vested Premium Bonus recovered by us is equal to 1 minus the applicable Vested Premium Bonus Percentage shown above, multiplied by the Premium Bonus Percentage, multiplied by the lesser of Accumulation Value and the Cumulative Premium.