PREMIUM EXPENSE CHARGE definition
Examples of PREMIUM EXPENSE CHARGE in a sentence
PREMIUM EXPENSE CHARGE Upon receipt of each payment and before allocation of the payment to the subaccounts or fixed account, we will deduct a premium expense charge.
SECTION 1: CONTRACT DATA (continued) DATE PREPARED:09/01/2000 INSURED CONTRACT NUMBER ▇▇▇▇ ▇▇▇ 9999999 PREMIUM EXPENSE CHARGE 6.35% deducted from each premium payment MONTHLY EXPENSE CHARGE $7.50 per month plus Current [0.00] per $1,000 Guaranteed $.05 per $1,000 MORTALITY AND EXPENSE RISK CHARGE 0.50% annually PARTIAL SURRENDER FEE The partial surrender fee is the lesser of: (a) 2% of the amount surrendered; or (b) $25.00.
PREMIUM EXPENSE CHARGE We will deduct from each premium paid percentages for the payment of premium taxes before allocating such premium to the Accumulated Value.