Common use of Renewal Compensation Clause in Contracts

Renewal Compensation. A fee for the second through tenth policy years equal to 2.0% of the premium paid for the policy year in question, and no fee for the eleventh and later policy years. Additionally, for the second through tenth policy years, a fee equal to 0.008333% of the Net Policy Value on each monthly anniversary. Monthly anniversary is defined as the day in each calendar month that is the same day of the month as the Policy Date. For the eleventh and later policy years, fee equal to 0.020833% of the Net Policy Value on each monthly anniversary. Net Policy Value is as defined in the policy.

Renewal Compensation. A fee for the second through tenth policy years equal to 2.0% of the premium paid for the policy year in question, and no fee for the eleventh and later policy years. Additionally, for the second through tenth policy years, a fee equal to 0.008333% of the Net Policy Value on each monthly anniversary. Monthly anniversary is defined as the day in each calendar month that is the same day of the month as the Policy Date. For the eleventh and later policy years, fee equal to 0.020833% of the Net Policy Value on each monthly anniversary. Net Policy Value is as defined in the policy.

Renewal Compensation. A fee for the second through tenth policy years equal to 2.03.0% of the premium paid for the policy year in question, and no fee for the eleventh and later policy years. Additionally, for the second through tenth policy years, a fee equal to 0.008333% of the Net Policy Value policy value on each monthly anniversary. Monthly anniversary is defined as the day in each calendar month that is the same day of the month as the Policy Date. For the eleventh and later policy years, fee equal to 0.020833% of the Net Policy Value policy value on each monthly anniversary. Net Policy Value value is as defined in the policy.

Renewal Compensation. A fee for the second through tenth policy years equal to 2.0% of the premium paid for the policy year in question, and no fee for the eleventh and later policy years. Additionally, for the second through tenth policy years, a fee equal to 0.008333% of the Net Policy Value policy value on each monthly anniversary. Monthly anniversary is defined as the day in each calendar month that is the same day of the month as the Policy Date. For the eleventh and later policy years, fee equal to 0.020833% of the Net Policy Value policy value on each monthly anniversary. Net Policy Value value is as defined in the policy.

Renewal Compensation. A fee Additionally, for the second through tenth policy years equal to 2.01.0% of the premium paid for the policy year in question, and no fee for the eleventh and later policy years. Additionally, for the second through tenth policy years, a fee equal to 0.008333% of the Net Policy Value policy value on each monthly anniversary. Monthly anniversary is defined as the day in each calendar month that is the same day of the month as the Policy Date. For the eleventh and later policy years, fee equal to 0.020833% of the Net Policy Value policy value on each monthly anniversary. Net Policy Value value is as defined in the policy.