NET PREMIUM. The Net Premium is the portion of each premium that is applied to the subaccounts of the Variable Account or to the Fixed Account. The Net Premium is equal to the premium paid less the Percent of Premium Charge shown on page 4.
Appears in 2 contracts
Sources: Flexible Premium Variable Life Insurance (Thrivent Variable Life Account 1), Flexible Premium Variable Life Insurance (Thrivent Variable Life Account 1)
NET PREMIUM. The Net Premium is the portion of each premium that which is applied to the subaccounts of the Variable Account or to the Fixed Account. The Net Premium is equal to the premium paid less the sum of: 1) The Percent of Premium Charge equal to 5% of the premium paid; and 2) The Premium Processing Charge. We reserve the right to change the amount of this charge. However, the Premium Processing Charge will never exceed the maximum charge shown on page 4.
Appears in 2 contracts
Sources: Variable Life Insurance Contract (Lbvip Variable Insurance Account), Variable Life Insurance Agreement (Lb Variable Insurance Account I)
NET PREMIUM. The Net Premium is the portion of each premium that which is applied to the subaccounts of the Variable Account or to the Fixed Account. The Net Premium is equal to the premium paid less the sum of:
1) The Percent of Premium Charge applied to the premium paid. The Percent of Premium Charge is shown on page 4; and
2) The Premium Processing Charge. We reserve the right to change the amount of this charge. However, the Premium Processing Charge will never exceed the maximum charge shown on page 4.
Appears in 2 contracts
Sources: Variable Life Insurance Contract (Lb Variable Insurance Account I), Variable Life Insurance Contract (Lbvip Variable Insurance Account)
NET PREMIUM. The Net Premium is the portion of each premium that is applied to the subaccounts of the Variable Account or to the Fixed AccountAccounts. The Net Premium is equal to the premium paid less the Percent of Premium Charge shown on page 43A. No-Lapse Guarantee. See Section 5.
Appears in 1 contract
Sources: Flexible Premium Variable Adjustable Life Insurance (Thrivent Variable Life Account I)
NET PREMIUM. The Net Premium is the portion of each premium that which is applied allocated to the subaccounts of the Variable Account or and to the Fixed Account. The Net Premium is equal to the premium paid less the Percent of Premium Charge shown on page 4any charge for state and local premium taxes.
Appears in 1 contract
Sources: Flexible Premium Deferred Variable Annuity Contract (Lbvip Variable Annuity Account I)