Premium Payments. a. Each annual premium on the Policy shall be paid when due as follows: (i) The Owner shall pay a portion of each premium equal to the Insurer's current term rate for the Insured's age, multiplied by the excess of
Appears in 7 contracts
Samples: Split Dollar Insurance Agreement (Forest City Enterprises Inc), Split Dollar Insurance Agreement (Forest City Enterprises Inc), Split Dollar Insurance Agreement (Forest City Enterprises Inc)
Premium Payments. a. Each annual premium on the Policy shall be paid when due as follows:
(i) The Owner shall pay a portion of each premium equal to the Insurer's current term rate for the Insured's age, multiplied by the excess ofthen-living Insureds ages (on a last-to-die
Appears in 2 contracts
Samples: Split Dollar Insurance Agreement (Forest City Enterprises Inc), Split Dollar Insurance Agreement (Forest City Enterprises Inc)
Premium Payments. a. (a) Each annual premium on the Policy shall be paid when due as follows:
(i1) The Owner --
(A) shall pay a portion of each premium equal to the Insurer's current term rate for the Insured's age, age multiplied by the excess ofof the current death benefit over the Company's current Policy Interest. The "current term rate" shall mean the lesser of the Insurer's annual term insurance rate or the rates specified in the Revenue Rulings 64-328 and 66-110; and
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