Examples of Extra Premium in a sentence
The Guranteed Surrender Value will be sum total of the following: 1.5.1.1. Higher of: 1.5.1.1.1. Guaranteed Surrender Value factors (as specified in the table below) multiplied by {Total Premiums received excluding Extra Premium (if any) and applied by Us on or after the due dates} less monthly income benefit already paid, if any; or 1.5.1.1.2. 0 (zero); and 1.5.1.2. Guaranteed surrender value of the accrued compound Reversionary Bonuses, if any.
No first-year commissions are payable on Preliminary Term Insurance premiums or on Flat Extra Premium assessed for nine (9) years or less.
The Guranteed Surrender Value will be the amount equal to the Guaranteed Surrender Value factors (as specified in the table below) multiplied by the resultant of the total Annualised Premiums paid under the Policy less Extra Premium (if any).
When we have received all the necessary evidence that we need to decide whether we can accept a person’s total Benefit our decision letter will be issued showing what cover can be provided and whether any special terms will be applied.We may:• accept the total Benefit at standard terms; or• decline the amount of Benefit that was being Medically Underwritten; or• charge an Extra Premium for the amount of Benefit that has been Medically Underwritten; or• exclude certain health conditions or activities.
SUBSTANDARD PREMIUMS Premiums will be increased by any Flat Extra Premium as shown in Schedule IV, charged the insured on the face amount initially reinsured.