Examples of Initial Purchase Payment in a sentence
The values shown below are based on the following assumptions: • Initial Purchase Payment = $100,000 • Rider Effective Date = Contract Date • A subsequent Purchase Payment of $100,000 is received during Contract Year 1.
On the Rider Effective Date, the Protected Payment Base is equal to the Initial Purchase Payment or, if effective on a Contract Anniversary, the Contract Value on that Contract Anniversary.
On the Rider Effective Date, the Protected Payment Base and Remaining Protected Balance are equal to the Initial Purchase Payment or, if effective on a Contract Anniversary, the Contract Value on that Contract Anniversary.
On the Rider Effective Date, the Protected Payment Base and Remaining Protected Balance are equal to the Initial Purchase Payment or, if available on a Contract Anniversary, the Contract Value on that Contract Anniversary.
The values shown below are based on the following assumptions: • Initial Purchase Payment = $100,000 • Rider Effective Date = Contract Date • No subsequent Purchase Payments are received.