Net Purchase Payment definition

Net Purchase Payment. The Purchase Payment less premium taxes, as applicable.
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Net Purchase Payment. This amount is the actual Purchase Payment less any premium tax. Aetna reserves the right to pay premium taxes when due and deduct the amount from the Current Value when we pay the tax or at a later date. The Net Purchase Payment will be credited among:
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Net Purchase Payment. This amount is the actual Purchase Payment less any premium tax. Aetna reserves the right to pay premium taxes when due and deduct the amount from the Current Value when we pay the tax or at a later date. Each Net Purchase Payment will be allocated, as directed by the Certificate Holder among:
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Examples of Net Purchase Payment in a sentence

  • If you do not allocate your entire Net Purchase Payment or Contract Value according to the requirements above, your Rider will terminate.Allowable Asset Allocation Models – Custom Model.

  • The period of 12 months measured from the date the first Net Purchase Payment is applied to the Contract or from any anniversary of such date.

  • Purchaser shall have paid the Net Purchase Payment in the manner specified in Section 3 and Purchaser shall have delivered the Aircraft Acceptance Certificate to Sellers.

  • The Schedule is made a part of the Annuity and gives information such as the name of the Participant, the name of the Annuitant, the Annuity Date, the Contingent Annuitant, the Beneficiary, the Purchase Payment and Net Purchase Payment, the Minimum Surrender Value After Withdrawal, and the Contingent Deferred Sales Charge.4The Annuity attempts to limit the rights of creditors.

  • The Net Purchase Payment is the amount placed in the fixed account and/or the variable account.Rate Sheet—A prospectus supplement, that will be filed periodically, where we declare the current withdrawal rates or Guaranteed Income Benefit percentages under certain Living Benefit Riders.Subaccount—Each portion of the VAA that reflects investments in Accumulation and Annuity Units of a class of a particular fund available under the contracts.


More Definitions of Net Purchase Payment

Net Purchase Payment. The portion of a Purchase Payment that remains after the deduction of any applicable front-end sales load or premium or similar tax, if any. This is also the term used to describe the total contributions made to the Certificate minus the total withdrawals.
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Net Purchase Payment. The Purchase Payment, less the sales charge and any applicable premium taxes.
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Net Purchase Payment means the amount set forth in Schedule 1 hereto as being payable by Purchaser to Seller on the Delivery Date, such amount being the Purchase Price for such Delivery Date minus the Purchase Deposit, the Total Reserves, the Lease Deposit and accrued interest on the Lease Deposit through the day before the Delivery Date.
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Net Purchase Payment. A Purchase Payment less any applicable Premium Tax. OWNER: The person(s) who own(s) the Contract.
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Net Purchase Payment means a Purchase Payment less any premium taxes that may be deducted from such Purchase Payment, as provided in this certificate under which the Purchase Payment is made.
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Net Purchase Payment. A Purchase Payment less any applicable Premium Tax.
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Net Purchase Payment. This amount is the Purchase Payment less any applicable premium tax. Aetna reserves the right to deduct any premium tax at any time from the Purchase Payment or from the Certificate Holder's Account. The Certificate Holder shall designate, on the enrollment form, the allocation percentage of the Net Purchase Payment to be applied to each of the available Guaranteed Periods during the current Deposit Period(s). The minimum amount that may be allocated to any Guaranteed Period is shown on Contract Schedule I. G2-MGA-95 11
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