Planned Premium means the amount the Certificateholder intends to pay, as indicated on the application, and is shown on Page 3.
Planned Premium. The Planned Premium is the amount of premium you have told us you intend to pay and is shown in the Policy Specifications. We will send you Planned Premium Reminder Notices for as long as premiums can be paid. You may change the Planned Premium by Written Request. Payment of the Planned Premium does not guarantee that the policy will continue In Force.
Examples of Planned Premium in a sentence
We will send you Planned Premium Reminder Notices for as long as premiums can be paid.
The Planned Premium is the amount of premium you have told us you intend to pay and is shown in the Policy Specifications.
Payment of Planned Premium will not guarantee that the Contract will remain in effect.
Payment of the Planned Premium does not guarantee that the policy will continue In Force.
You may request a change in the amount and frequency of the Planned Premium, provided that such change would not disqualify the policy as life insurance under federal tax law.
More Definitions of Planned Premium
Planned Premium means the premium that is selected in the application for the policy, which is intended to be paid on a regular modal basis.
Planned Premium. Payments The amount and frequency of premium payments you elected to pay in your last application. This is only an indication of your preference of future premium payments. You may change the amount and frequency of premium payments at any time. Section 5.8, Grace Period for Contract, describes the amount of premium required to keep your contract in force. Section 5.6
Planned Premium is the amount shown in Section 1. "POLICY YEAR" means (a) or (b) below whichever is applicable:
Planned Premium. The premium amount that you have chosen. This amount is shown on page 3 for the payment period that you have chosen. Policy Account Value. The sum of the Variable Policy Account Value, the Fixed Policy Account Value, and the Loan Policy Account Value. Policy Date. The effective date of this policy. Policy Month, Year, or Anniversary. A policy month, year, or anniversary is measured from the Policy Date.
Planned Premium. The Planned Premium is the amount of premium You have told Us You intend to pay and is shown in the Policy Specifications. You may change the Planned Premium by Written Request. Payment of the Planned Premium does not guarantee that the Policy will continue In Force. Allocation Instructions – Allocation Instructions are instructions In Writing that identify the Investment Option(s) to which Net Premium and other Account Additions will be allocated. Premium is processed based upon Allocation Instructions on record and the resulting Net Premium is then applied according to the Investment Option(s) that have been requested (see Premium Processing). You may elect to change the Allocation Instructions for future premium payments at any time by Written Request. A change will be effective as of the end of the Business Day on which such Written Request is received. Any requested change to the Allocation Instructions will affect the allocation of future premiums and other Account Additions, but will not change the allocation of any previous payments made. We reserve the right to impose a limit on the number and frequency of such changes.
Planned Premium. The amount shown on the Schedule that the Owner requests to be billed, unless later changed.
Planned Premium means the premium set by the Policyholder with regard to a Policy for a particular period.