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
Planned Premium $X,XXX,XXX.XX Monthly $X,XXX,XXX.XX Quarterly $X,XXX,XXX.XX Semiannual $X,XXX,XXX.XX Annual Defines premium amount and mode the owner intends to pay.
More Definitions of Planned Premium
Planned Premium means the premium set by the Policyholder with regard to a Policy for a particular period.
Planned Premium. . Planned Premium shall mean that premium level selected by the Company, in its sole discretion, subject to the Insurer's minimum premium requirements.
Planned Premium. The amount shown on the Schedule that the Owner requests to be billed, unless later changed.
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. 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: (a) The first Policy Year is the period beginning on the Date of Issue and ending on the Valuation Date immediately preceding the first Annual Processing Date; (b) Each subsequent Policy Year is the period beginning on an Annual Processing Date and ending on the Valuation Date immediately preceding the next Annual Processing Date. "PREMIUM" is as defined in Section 5. "PROCESSING DATE" means the first day of a policy month. A policy month shall begin on the day in each calendar month which corresponds to the day of the calendar month on which the Date of Issue occurred. If the Date of Issue is the 29th, 30th, or 31st day of a calendar month, then for any calendar month which has fewer days, the first day of the policy month will be the last day of such calendar month. The Date of Issue is not a Processing Date. "SEPARATE ACCOUNT", unmodified, means a separate investment account, established by us pursuant to applicable law, in which you are eligible to invest under this policy. "SERIES FUND" means a series type mutual fund registered under the Investment Company Act of 1940 as an open-end diversified management investment company. "SERVICING OFFICE" means the Company's office which administers this policy. As of this policy's Date of Issue, the address of the Servicing Office is as shown on the back cover of this policy. The address may be changed from time to time by us. We will send written notice of any such change to your last known address. "SUBACCOUNT" means a Variable Account or a Fixed Account. "SURRENDER VALUE" is defined in Section 11. "VALUATION DATE" means any date on which we are open for business, the New York Stock Exchange is open for trading, and on which a Series Fund values the shares of its Funds. "VALUATION PERIOD" means the period of time from the beginning of the day following a Valuation Date to the end of the next following Valuation Date. "VARIABLE ACCOUNT" means each division, with a specific investment objective, of a Separate Account. The assets of each Variable Account are invested solely in shares of the corresponding Fund of a Series Fund. The terms "WE", "US", and "OUR" refer only to the Company. The term "WRITTEN NOTICE" means, unless otherwise stated, a written notice received at our Servicing Office or, if permitted by our administrative practices, an electronic mail message ("e-mail") received at our Servicing Office. The ter...
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.