Premium Paying Term definition
Examples of Premium Paying Term in a sentence
In order to secure the full benefits available under this Policy, Instalment Premiums must be paid in full and on time for the Premium Paying Term.
If termination is alleged to be for Good Reason, such notice shall also specify the reason for such termination, as set forth in Section 7(B), with the particulars thereof specified in detail, and shall be given, except in the case of a continuing breach, within three calendar months after the most recent event giving rise to Good Reason.
If the Premium under the Rider is discontinued during the Premium Paying Term, the Rider will lapse without any value.
Instalment Premiums shall be payable in full on the Premium Due Dates until the expiry of the Premium Paying Term.
In order to secure the full benefits available under this Policy, Installment Premiums must be paid in full and on time for the Premium Paying Term.