Accumulated Premium definition

Accumulated Premium means, for a policy or group of policies, the total Gross Premiums paid, and premium waived under Waiver of Premium provisions, from inception until the valuation date.
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Examples of Accumulated Premium in a sentence

  • If a subsequent Purchase Payment is made that results in the sum of Purchase Payments achieving a higher Accumulated Premium Breakpoint, as shown on the Contract Data Page, then the percentage from the Withdrawal Charge Schedule corresponding to that Accumulated Premium Breakpoint will apply to the entire subsequent Purchase Payment.

  • The Withdrawal Charge percentage applicable to the initial Purchase Payment is determined by the amount of the initial Purchase Payment, the corresponding Accumulated Premium Breakpoint, as shown on the Contract Data Page, and how long the Purchase Payment to which the Withdrawal is attributed has been in the Contract.

  • After the first Contract quarter, the Accumulated Premium Breakpoint and the Premium Based Charge percentage applicable to subsequent Premiums are determined by the sum of all Premiums previously received plus the subsequent Premium(s) when received by Us. If the sum of Premiums results in a higher Accumulated Premium Breakpoint being achieved, the Premium Based Charge percentage applicable to the entire subsequent Premium will be based on the corresponding Accumulated Premium Breakpoint.

  • The applicable Premium Based Charge is based on the Accumulated Premium Breakpoint achieved by the cumulative Premiums received by Us, according to the table on the Contract Data Page.

  • If the change is from Option 3 to Option 1, the Specified Amount will be increased by the Accumulated Premium Amount.

  • If the Cash Value is less than the Accumulated Premium Amount, the option change will result in an increase to the Specified Amount.

  • If the Cash Value is greater than the Accumulated Premium Amount, this will result in a decrease to the Specified Amount.

  • If the change is from Option 3 to Option 2, the SpecifiedAmount will be adjusted by the amount of the difference between Cash Value and the Accumulated Premium Amount.

  • If the change is from Option 3 to Option 2, the Specified Amount will be adjusted by the amount of the difference between Cash Value and the Accumulated Premium Amount.

Related to Accumulated Premium

  • Accumulated Dividends means, with respect to any share of Preferred Stock, as of any date, the aggregate accumulated and unpaid dividends on such share from the Issue Date until the most recent Dividend Payment Date on or prior to such date. There shall be no Accumulated Dividends with respect to any share of Preferred Stock prior to the first Dividend Payment Date.

  • Accumulated contributions means the sum of all

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act;

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.

  • Make-Whole Premium means, with respect to a Note at any redemption date, the greater of: