premium term definition
premium term means the period during which premiums are payable;
premium term means the period during the lifetime of the Policy when Premiums are payable, as shown in the Policy Schedule.
premium term means the period during the lifetime of the Policy when Premiums are payable, as shown in the Policy Schedule. The minimum Premium Term is five years, and the Premium Term must terminate before the 71st birthday of the youngest life assured. The Premium Term may be altered during the lifetime of the Policy, subject to the consent of the Company.
More Definitions of premium term
premium term means the period, stated in the Policy Schedule, during which Regular Premiums are to be paid.