Premium Payment Period definition

Premium Payment Period means the period of time for which the Policyholder chooses to pay Premium. The Policyholder may choose a Premium Payment Period of a month, six months or one year.
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Premium Payment Period means the number of years for which premiums of the Basic Policy are payable.
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Premium Payment Period means the period of time over which premiums are paid or payable by the policy owner or insured, as the case may be, to the direct life insurer for a relevant life policy;
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Examples of Premium Payment Period in a sentence

  • If you cancel this rider, we will change your Premium Payment Period to non-limited and adjust your premium amount accordingly.

  • If the Premium Payment Period elected by the Policyholder was annual, the effective date of termination shall be the end of the month following thirty (30) days from the date on which DDPOK receives notification of Policyholder’s nonresident status, and an equitable adjustment of charges shall be made.IN WITNESS HEREOF, DDPOK has caused this Policy to be issued and hereby agrees to provide dental Benefits as described in this Policy.

  • Premium Payment Period: Single Pay, 5 Pay, or 10 Pay must be indicated on application and may not be changed after the policy is issued.

  • The Policyholder may choose a Premium Payment Period of one (1) month or one (1) year.

  • Premiums waived during the Waiver of Premium period will not count towards satisfaction of the Limited Premium Payment Period.

  • When the Limited Premium Payment Period Rider 242A is attached to the policy and the policy lapses after the policy and this rider have been inforce for 3 years, you are eligible for a reduced paid up benefit.

  • If the Premium Payment Period elected by the Policyholder was monthly, the effective date of such termination shall be the date premium is currently paid through as of the date on which DDPOK receives notification of Policyholder’s nonresident status.

  • Exposure not probable with intended use.Skin Contact:Short Term Exposure - Testing and/or information on this or similar toners, or on the constituents of this toner indicate this toner is nota skin irritant and is of low dermal toxicity.Long Term Exposure - Rare individuals may note skin rash withrepeated contact.

  • Do not apply the insulation to damp or frozen deck surfaces or when precipitation is expected or occurring.

  • It may also lead to termination of the policy if the Total Account Value drops to zero after the end of the Premium Payment Period.


More Definitions of Premium Payment Period

Premium Payment Period means the period commencing on the Coverage ---------------------- Effective Date and ending on March 31, 2021.
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Premium Payment Period means the length of time over which premiums are due. Premiums are payable to age 100.
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Premium Payment Period means the length of time over which premiums are due. The minimum premium payment period is 15 years. There are 3 Premium Payment Period options available: paid up to age 65, paid up to age 75 and lifetime payments.
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Related to Premium Payment Period

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Payment Period means the three months following each Collection Quarter.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Non-Payment Period means a period commencing on and including a Dividend Payment Date or redemption date for which the Trust shall fail to (i) declare, prior to the close of business on the second Business Day preceding such Dividend Payment Date, for payment on or (to the extent permitted by Section 11.2(c)(i) of these Bylaws) within three Business Days after such Dividend Payment Date to the Holders as of 12:00 noon, New York City time, on the Business Day preceding such Dividend Payment Date, the full amount of any dividend on APS payable on such Dividend Payment Date, provided, however, that if the Trust is not able to make such declaration in compliance with the foregoing because an unforeseen event or unforeseen events causes or cause a day that otherwise would have been a Business Day not to be a Business Day, then the Trust may make such declaration on the Business Day immediately preceding the Dividend Payment Date, if possible, or, if not possible, on the Dividend Payment Date, and in such case the Trust shall not be deemed to have failed to declare a dividend otherwise required to be declared, or (ii) deposit, irrevocably in trust, in same-day funds, with the Auction Agent by 12:00 noon, New York City time, (A) on such Dividend Payment Date the full amount of any cash dividend on such shares payable (if declared) on such Dividend Payment Date or (B) on any such redemption date for any shares of APS called for redemption, the Mandatory Redemption Price per share of such APS or, in the case of an optional redemption, the Optional Redemption Price per share, and ending on and including the Business Day on which, by 12:00 noon, New York City time, all unpaid cash dividends and unpaid redemption prices shall have been so deposited or shall have otherwise been made available to Holders in same-day funds; provided that, a Non-Payment Period shall not end unless the Trust shall have given at least five days’ but no more than 30 days’ written notice of such deposit or availability to the Auction Agent, all Existing Holders (at their addresses appearing in the Share Books) and the Securities Depository. Notwithstanding the foregoing, the failure by the Trust to deposit funds as provided for by clauses (ii)(A) or (ii)(B) above within three Business Days after any Dividend Payment Date or redemption date, as the case may be, in each case to the extent contemplated by Section 11.2(c)(i) of these Bylaws, shall not constitute a “Non-Payment Period.”

  • Premium payment plan means a benefit plan whereby state and

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Rules and Regulations 26817 from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • Premium Paying Term means the period as stated in the Policy Schedule, in years, over which Premiums are payable;

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Non-Payment Period Rate means, initially, 200% of the applicable Reference Rate (or 275% of such rate if the Corporation has provided notification to the Auction Agent prior to the Auction establishing the Applicable Rate for any dividend pursuant to paragraph 2(f) hereof that net capital gains or other taxable income will be included in such dividend on shares of AMPS), provided that the Board of Directors of the Corporation shall have the authority to adjust, modify, alter or change from time to time the initial Non-Payment Period Rate if the Board of Directors of the Corporation determines and Moody's and S&P (and any Substitute Rating Agency in lieu of Moody's or S&P in the event either of such parties shall not rate the AMPS) advise the Corporation in writing that such adjustment, modification, alteration or change will not adversely affect their then-current ratings on the AMPS.

  • Excess Cash Flow Payment Period with respect to the prepayment required on each Excess Cash Flow Application Date, the immediately preceding fiscal year of the Borrower.

  • Repayment Period means the period beginning on the Loan Commencement Date and continuing for 36 calendar months.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • Settlement Period has the meaning specified therefor in Section 2.02(d)(i) hereof.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Quarterly Payment Dates means each March 31, June 30, September 30 and December 31.

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2009-VFN Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Rapid Amortization Period means the Amortization Period commencing on the Pay Out Commencement Date and ending on the earlier to occur of (a) the Series 2001-D Termination Date and (b) the termination of the Trust pursuant to Section 12.01 of the Agreement.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).