Premium Term definition

Premium Term means the period during which premiums are payable;
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Premium Term means the period during the lifetime of the Policy when Premiums are payable, as shown in the Policy Schedule.
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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.
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Examples of Premium Term in a sentence

  • SLIC has four lines of business: Universal Life (UL); Level Premium Term Insurance with three available level term periods: 10, 20 and 30 year; Single Premium Immediate Annuities (SPIA); and Variable Annuities with a Return of Premium (ROP) Guaranteed Minimum Death Benefit (GMDB) and an optional Guaranteed Minimum Accumulation Benefit (GMAB) or Guaranteed Minimum Withdrawal Benefit (GWAB).

  • Simple Life is a US life insurance company located in Boston, Massachusetts with four lines of business: Universal Life (UL), Level Premium Term Insurance with three available level term periods: 10, 20 and 30 year, Single Premium Immediate Annuities (SPIA) and Variable Annuities with a Return of Premium (ROP) Guaranteed Minimum Death Benefit (GMDB) and a Guaranteed Minimum Accumulation Benefit (GMAB).

  • Mos.Monthly Payment $Amount ofUp Front Premium $Amount of Monthly Premium $Term of Monthly Premium Mos.

  • Prepayment Premium Term The period beginning on the Effective Date and ending on the last calendar day of the fourth (4th) month prior to the month in which the Maturity Date occurs.

  • Public Works Department• Responsible for City engineering, transportation and capital improvement projects.• Conducts maintenance of streets, sewers, storm drains, traffic signs and markings, parks, buildings, and other city facilities.• Administers the Urban Forestry Program.• Provides staff support to the Traffic & Safety Commission.

  • Mos.Monthly Payment $Amount of Up Front Premium $Amount of Monthly Premium $Term of Monthly Premium Owner Occupancy NOT required All conditions of Approval have been satisfied This mortgage was rated as an “accept” or “approve” by FHA's TOTAL Mortgage Scorecard.

  • The Initial Allocation Period will be determined by the chosen Premium Term as shown in the table below.

  • If the balance of PDF after prepayment of premium and levy exceeds the total required premium and levy for the remaining Premium Term, the prepayment will not be accepted.Annual premiums and the corresponding levy will be deducted automatically from the PDF on each Policy Anniversary during the Premium Term when due.

  • The MANOVA results indicated non-significance for performance, F (1, 168)=1.047,goal commitment, F (1, 166)=1.310, goal acceptance, F (1,167)=.026, and job satisfaction, F (1, 165)=.998.

  • Electronic Devices and Technology Resources (All Grade Levels)Possession and Use of Personal Telecommunications Devices, Including Cell Phones, and Other Electronic Devices‌The district permits students to possess personal cell phones for safety purposes; however, these devices must remain turned off during the instructional day, including during all testing, unless they are being used for approved instructional purposes.


More Definitions of Premium Term

Premium Term means the period, stated in the Policy Schedule, during which Regular Premiums are to be paid.
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Related to Premium Term

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

  • 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.

  • Policy Term means the term of this Policy as specified in the Schedule;

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

  • 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 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.

  • Minimum Term means the minimum period of service for each Service as shown on the Service Agreement, such period to start on the date on which the relevant Service is first made available to you for use;

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

  • Premium payment plan means a benefit plan whereby state and

  • Payment Term means the length of time for payment of a Deferred Annual Award under Section 4.2.

  • Premium Amount The amount of premium due to the Note Insurer in accordance with the terms of the Insurance Agreement.

  • insurance period means a contribution period or an equivalent period;

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

  • 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.

  • Maintenance Term means the period of time for which Customer has purchased Maintenance Services, as evidenced by the Purchase Order delivered by Customer in connection therewith, together with all renewals effected in accordance with Section 4 of this Agreement.

  • Premium surcharge means a payment required from a subscriber, in addition to the subscriber's medical premium contribution, due to an enrollee's tobacco use or an enrolled subscriber's spouse or state registered domestic partner choosing not to enroll in their employer- based group medical when:

  • Initial Term has the meaning set forth in Section 7.1.

  • Premium service means programming choices (such as movie Channels, pay-per-view programs, or video on demand) offered to Subscribers on a per-Channel, per-program or per- event basis.

  • School term means that portion of the school year, July

  • Coverage Term All insurance required herein shall be maintained in full force and effect until Work required to be performed under the terms of the Contract are satisfactorily completed and formally accepted; failure to do so may constitute a material breach of this Contract, at the sole discretion of the TOWN. In the event any insurance policy(ies) required by this contract is(are) written on a “claims made” basis, coverage shall extend for two(2) years past completion and acceptance of the CONTRACTOR’s work or services, as evidenced by annual Certificates of Insurance.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • 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.

  • Original Term shall have the meaning specified in Section 10 hereof.

  • Renewal Term has the meaning set forth in Section 2.

  • Service & Term XOOM Energy Ohio, LLC (“XOOM” or “Company”) agrees to act as your exclusive natural gas supplier and will provide competitive retail natural gas service to you. The Term of this Agreement will begin on the next available meter read date after processing of the request by XOOM and your gas utility, and will continue for the Contract Term as set forth in the accompanying Contract Summary, which is incorporated into this Agreement. Acceptance into the Program:These terms and conditions are subject to your acceptance into the program by both XOOM and your local utility. You will be promptly notified if you are not accepted into the program. Switching fees may apply to you under your local utility’s tariff if you are accepted into the program by both XOOM and your local utility.