Examples of Basic Amount in a sentence
The coverage amount is equal to what the Basic Amount (see page 21) would be if there were no extra benefits, minus the contract fund.
It is calculated as an amount per thousand of the Basic Amount at issue (or increase).
Although there is no uniform premium for all Insureds, there is a uniform premium for all Insureds of the same rate class, age, and sex and same Basic Amount.
Premiums for the Policies are not the same for all Owners selecting the same Basic Amount.
This charge is designed to reimburse the Company for expenses associated with underwriting applications, increases in Basic Amount, and riders, various overhead and other expenses associated with providing the services and benefits provided by the Policy, sales and marketing expenses, and other costs of doing business, such as federal, state and local premium and other taxes and fees.