Annual Premiums definition
Examples of Annual Premiums in a sentence
Annual Premiums and Deposit Premiums are due at the beginning of the Policy Period and each future Anniversary Date unless otherwise indicated on the Premium Summary.
Premiums are allocated in the same proportion that the Guideline Annual Premium of each segment bears to the sum of the Guideline Annual Premiums of all segments.
Premiums are allocated in the same proportion that the Guideline Annual Premium of each Segment bears to the sum of the Guideline Annual Premiums of all Segments.
The Executive or his designee may thereafter maintain the Insurance Policy by assuming responsibility for paying Annual Premiums.
If the Plan is terminated and a comparable replacement plan has not been instituted at the time of termination of the Plan, to the extent outlined in Section 11 payment of future Annual Premiums will be made from the Rabbi Trust from the Security Fund.
Board Contribution Toward Annual Premiums The Corporation sponsored Health Insurance Plan will have two options: Option A: Traditional PPO Plan Option B: High Deductible Plan Option C: High Deductible Plan Both options will include the following service components: medical, prescription, dental, and vision.
The aggregate amount of Annual Premiums paid by the Rabbi Trust shall be scheduled with the intent to produce sufficient cash value so that after the Rabbi Trust recovers the Corporate Capital Interest and cancels the Assignment Form, the Executive or his designee will own the Insurance Policy providing the Scheduled Death Benefit Amount without payment of any further Annual Premiums.
Except as otherwise provided in the Plan, the Executive is not responsible for payment of Annual Premiums, but under United States tax laws in effect on the effective date of the Plan, the Executive may be responsible for paying income tax on the Imputed Income attributed to the Executive's participation in the Plan until the Rabbi Trust recovers the Corporate Capital Interest and cancels the Assignment Form.
In general, the Executive or his designee is the owner of an Insurance Policy on the Executive's life issued by the Insurance Company, for which the Company, through the Rabbi Trust, pays the Annual Premiums for the duration of the Normal Premium Period.
The Postal Address of the Insured Unit 1-2, The ▇▇▇▇▇▇ Building ▇▇▇▇▇▇ Way Pool Cornwall TR15 3RU Period of Insurance From 12th March 2018 to 11th March 2019 Renewal Date 12th March 2019 Renewal Premium £3,296.94 Premium Tax £395.63 Amount Due £3,692.57 First and Annual Premiums are subject to adjustment based on actual figures declared.