NET PREMIUM. The Net Premium is the portion of each premium which is applied to the subaccounts of the Variable 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
Samples: 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 which 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 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
Samples: 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 which is applied to the subaccounts of the Variable Account. The Net Premium is equal to the premium paid less the sum of:
: 1) The Percent of Premium Charge applied equal to 5% of the premium paid. The Percent of Premium Charge is shown on page 4; and
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
Samples: 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 which that is applied to the subaccounts of the Variable AccountAccount or to the Fixed Accounts. 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 Charge3A. No-Lapse Guarantee. 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 4See Section 5.
Appears in 1 contract
Samples: Flexible Premium Variable Adjustable Life Insurance (Thrivent Variable Life Account I)
NET PREMIUM. The Net Premium is the portion of each premium which is applied allocated to the subaccounts of the Variable Account and 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 any charge for state and local 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 4taxes.
Appears in 1 contract
Samples: Flexible Premium Deferred Variable Annuity Contract (Lbvip Variable Annuity Account I)
