PREMIUM LOAD definition

PREMIUM LOAD. A Premium Load may be deducted from the Initial Premium and any additional Premiums. The amount of this charge, how it is determined, and when and how it is collected are described on the Contract Schedule.
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PREMIUM LOAD means an amount factored into the calculation of a base premium rate for a specific purpose as described in Section 7;
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Examples of PREMIUM LOAD in a sentence

  • PREMIUM LOAD: FOR EACH PREMIUM PAID THERE IS A PREMIUM LOAD THAT CONSISTS OF A SALES LOAD OF 2.50% PLUS A CHARGE OF 2.35% FOR CERTAIN STATE AND LOCAL TAXES PLUS A CHARGE OF 1.50% FOR CERTAIN FEDERAL TAXES.

  • PREMIUM LOAD: FOR EACH PREMIUM PAID THERE IS A PREMIUM LOAD THAT CONSISTS OF A SALES LOAD OF 2.50% PLUS A CHARGE OF 2.35% FOR CERTAIN STATE AND LOCAL TAXES ----- PLUS A CHARGE OF 1.50% FOR CERTAIN FEDERAL TAXES.

  • PREMIUM LOAD: 0.030% MONTHLY FOR 10 YEARS AFTER THE DATE OF EACH PREMIUM PAYMENT.

  • PREMIUM LOAD: FOR EACH PREMIUM PAID THERE IS A PREMIUM LOAD THAT CONSISTS OF A SALES LOAD OF 3.50% PLUS A CHARGE OF 2.35% FOR CERTAIN STATE AND LOCAL PREMIUM TAXES PLUS A CHARGE OF 1.50% FOR CERTAIN FEDERAL TAXES.

  • PREMIUM LOAD: FOR EACH PREMIUM PAID THERE IS A PREMIUM LOAD THAT CONSISTS OF A SALES LOAD OF 2.50% PLUS A CHARGE OF 2.35% FOR CERTAIN STATE AND LOCAL PREMIUM TAXES PLUS A CHARGE OF 1.50% FOR CERTAIN FEDERAL TAXES.

  • PREMIUM LOAD: SEE POLICY CHARGE SPECIFICATIONS PAGE ADMINISTRATIVE CHARGE: SEE POLICY CHARGE SPECIFICATIONS PAGE WITHDRAWAL FEE: $ 25.00 SURRENDER CHARGE: SEE POLICY CHARGE SPECIFICATIONS PAGE M&E RISK CHARGE RATE: SEE POLICY CHARGE SPECIFICATIONS PAGE WE HAVE THE RIGHT TO CHANGE THE AMOUNT OF COST OF INSURANCE OR OTHER EXPENSE CHARGES DEDUCTED UNDER THE POLICY WHICH MAY REQUIRE MORE PREMIUM TO BE PAID THAN WAS ILLUSTRATED OR THE CASH VALUES MAY BE LESS THAN THOSE ILLUSTRATED.

  • THE PREMIUM LOAD FOR ADDITIONAL PREMIUMS IS BASED ON THE PROPORTION OF THE POLICY VALUE ASSOCIATED WITH THE PREMIUM.

  • DIVISOR FOR CALCULATING THE NET AMOUNT AT RISK: [1.002060] PREMIUM LOAD: FOR EACH PREMIUM PAID THERE IS A PREMIUM LOAD THAT CONSISTS OF A SALES LOAD OF 3.50% PLUS A CHARGE OF 2.35% FOR CERTAIN STATE AND LOCAL PREMIUM TAXES PLUS A CHARGE OF 1.50% FOR CERTAIN FEDERAL TAXES.

  • P04SA P BASIC POLICY: FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE PREMIUMS: PLANNED [ANNUAL] PREMIUM = $ 846.70 GUIDELINE SINGLE PREMIUM = 9,995.38 GUIDELINE LEVEL PREMIUM = 846.70 7-PAY PREMIUM = 1,958.12 DEATH BENEFIT QUALIFICATION TEST: GUIDELINE PREMIUM TEST [or CASH VALUE ACCUMULATION TEST] DEATH BENEFIT OPTION: A PREMIUM LOAD RATE: 6.35% ADMINISTRATIVE CHARGE: $7.50 PER MONTH TO AGE 100; $0 THEREAFTER.

  • DIVISOR FOR CALCULATING THE NET AMOUNT AT RISK: [1.002060] PREMIUM LOAD: FOR EACH PREMIUM PAID THERE IS A PREMIUM LOAD THAT CONSISTS OF A SALES LOAD OF 2.50% PLUS A CHARGE OF 2.35% FOR CERTAIN STATE AND LOCAL PREMIUM TAXES PLUS A CHARGE OF 1.50% FOR CERTAIN FEDERAL TAXES.