SUBSEQUENT PREMIUM PAYMENTS definition

SUBSEQUENT PREMIUM PAYMENTS. Owners may make an additional premium payment of at least the minimum amount shown in the current prospectus. Notwithstanding the foregoing, We reserve the right to not accept additional premium payments at any time for any reason. PROOF OF AGE, SEX AND SURVIVAL: We reserve the right to require proof of age, sex or survival of any person upon whose age, sex or survival any payments depend. In addition, for life contingent Payment Options, We reserve the right to require proof of the Annuitant's survival before any Annuity Date.
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SUBSEQUENT PREMIUM PAYMENTS means premium payments received subsequent to the Rider Date, excluding premium payments received on any Rider Anniversary, and excluding any premium bonus payments or premium enhancements received while the rider is in effect.
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SUBSEQUENT PREMIUM PAYMENTS. Owners may make an additional premium payment of at least the minimum amount shown on the specification page. PROOF OF AGE, SEX, AND SURVIVAL: We reserve the right to require proof of age, sex or survival of any person upon whose age, sex, or survival any payments depend. In addition, for life contingent Payment Options, We reserve the right to require proof of the Annuitant's survival before any Annuity Date.
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Examples of SUBSEQUENT PREMIUM PAYMENTS in a sentence

  • SUBSEQUENT PREMIUM PAYMENTS Your Withdrawal Base, Anniversary Withdrawal Base and Deferral Bonus Base may be increased by the dollar amount of a subsequent Premium Payment.

  • THE SAME ALLOCATIONS WILL BE MADE FOR SUBSEQUENT PREMIUM PAYMENTS UNLESS YOU CHANGE THE ALLOCATION OR, AT THE TIME OF A PREMIUM PAYMENT, YOU INSTRUCT US TO ALLOCATE THAT PAYMENT DIFFERENTLY.

  • SUBSEQUENT PREMIUM PAYMENTS Your Maximum Daily Value may be increased by the dollar amount of a Subsequent Premium Payment.

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  • I know I join with my ranking member, Mr. VISCLOSKY, and wanted to take time to thank the bipartisan staff of our committee: our clerk, Tom McLemore, whose counter- part is Paul Juola on the minority side.

  • SUBSEQUENT PREMIUM PAYMENTS Subsequent Premium Payments may be made at any time subject to the following conditions: - only one Subsequent Premium Payment may be made in any Contract year; - each Subsequent Premium Payment must be at least $500; and - the attained Joint Equal Age of the Insureds must be less than age 86.

  • DATE SUBSEQUENT PREMIUM PAYMENTS CREDITED Premium payments after the initial premium payment will be credited to the accounts under this contract on the Date of Receipt.

  • OWNER: Xxxxxxx Xxxxxxx BENEFICIARY: The person(s) designated by the Owner and recorded by the Company MINIMUM SUBSEQUENT PREMIUM PAYMENTS: $2,000 PER FIXED ACCOUNT GUARANTEED PERIOD $ 100 PER VARIABLE ACCOUNT SUB-ACCOUNT SCHEDULE OF CHARGES AND FEES ---------------------------- Withdrawal Charges: The Withdrawal charges applicable under this contract are as follows.


More Definitions of SUBSEQUENT PREMIUM PAYMENTS

SUBSEQUENT PREMIUM PAYMENTS. Owners may make an additional premium payment of at least the minimum amount shown in the current prospectus. Notwithstanding the foregoing, We reserve the right to not accept additional premium payments at any time for any reason. PROOF OF AGE, SEX AND SURVIVAL: We reserve the right to require proof of age, sex or survival of any
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SUBSEQUENT PREMIUM PAYMENTS. Owners may make an additional premium payment of at least the minimum amount shown in the current prospectus. Notwithstanding the foregoing, We reserve the right to not accept additional premium payments at any time for any reason.
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SUBSEQUENT PREMIUM PAYMENTS means premium payments received subsequent to the Rider Date, excluding premium payments received on any Rider Anniversary, and excluding any premium bonus payments or premium enhancements received while the rider is in effect. 08GMWB 3 OVERVIEW Subject to the terms and conditions described herein, this rider provides for a guaranteed minimum withdrawal benefit. This benefit guarantees that you may receive withdrawals or payments of the Annual Benefit Amount for the life of the Covered Person(s) each Rider Year after the Benefit Eligibility Date. You may not assign your interest in this rider without our prior written approval. If you assign your rights or interest in this rider, it will immediately terminate without value. Investment Restrictions For this rider to be effective, the entire Contract Value must be invested in accordance with an Approved Asset Allocation Model. Failure to meet the investment restrictions will result in the immediate termination of this rider without value. Adjustment for Misstatement of Age If the age of any Covered Person has been misstated, the Benefit Base and Annual Benefit Amount will be adjusted based on such Covered Person's correct age. Annual Benefit Percentage The Annual Benefit Percentage is used to determine the Annual Benefit Amount. It is based on the attained age of the youngest Covered Person on the later of the date of the first withdrawal and the Benefit Eligibility Date and is shown in the table in the rider specifications. Annual Benefit Amount The Annual Benefit Amount is the amount that is guaranteed to be available for withdrawal or payment each Rider Year if all Covered Persons are living (Single Life Option) or at least one Covered Person is living (Spousal Life Option). If your Contract Value is greater than zero, the Annual Benefit Amount represents the maximum amount you can withdraw each Rider Year without reducing the Benefit Base. If your Contract Value is reduced to zero, the Annual Benefit Amount represents the annual lifetime amount we will pay you if all Covered Persons are living (Single Life Option) or at least one Covered Person is living (Spousal Life Option). Prior to the Benefit Eligibility Date, the Annual Benefit Amount is equal to zero. The Annual Benefit Amount is calculated on the later of the date of the first withdrawal and the Benefit Eligibility Date. On the date it is calculated, the Annual Benefit Amount equals the Annual Benefit Percentage multiplied by the Benefit Base. Th...
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SUBSEQUENT PREMIUM PAYMENTS. Owners may make an additional premium payment not less than the minimum amount shown on the Contract Schedule. PROOF OF AGE, SEX AND SURVIVAL: We reserve the right, at reasonable intervals, to require proof of
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SUBSEQUENT PREMIUM PAYMENTS means premium payments received subsequent to the Rider Date, excluding premium payments received on any Rider Anniversary, and excluding any premium bonus payments or premium enhancements received while the rider is in effect. 08GMWB 3 OVERVIEW Subject to the terms and conditions described herein, this rider provides for a guaranteed minimum withdrawal benefit. This benefit guarantees that you may receive withdrawals or payments of the Annual Benefit Amount for the life of the Covered Person(s) each Rider Year after the Benefit Eligibility Date. You may not assign your rights or interest in this rider without our prior written approval. If you do so, the rider will immediately terminate without value. You are only permitted to assign your rights or interest in this rider after receiving our prior written approval Asset Allocation and Strategic Programs We require that the entire Contract Value be invested in accordance with an approved asset allocation or strategic program. Our asset allocation and strategic programs do not include the Guaranteed Interest Account (GIA). Therefore, you may not allocate funds into the GIA while this rider is in effect. Transfers to reallocate the Contract Value in order to comply with such restrictions will not count toward the annual transfer limit under the terms of your contract. Failure to remain in an approved asset allocation or strategic program will result in the termination of this rider without value. If the rider terminates for this reason, we will provide you with notice that the rider has terminated. You will have 30 days to request transfer back into an approved asset allocation or strategic program in order to reinstate the rider. Contract Values invested in accordance with an approved asset allocation or strategic program will be rebalanced to their original allocation percentages regularly. The frequency of rebalancing depends on the program selected by you on the Rider Date, or as later changed. The rebalancing frequency can be monthly, quarterly, semi-annually, or annually depending on the program. If you have any questions about the rebalancing of your specific program or the frequency at which it is rebalanced, please contact us. You will be provided with additional information about your specific program.
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Related to SUBSEQUENT PREMIUM PAYMENTS

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Lump Sum Payment means a single payment that is not anticipated to continue.

  • Interim Payment has the meaning specified in Section 10.1.

  • Make-Whole Payment means, with respect to any Series 2019-2 Note on any Optional Repurchase Distribution Date, the pro rata share with respect to such Series 2019-2 Note of the excess, if any, of (x) the sum of the Discounted Values for each Remaining Distribution Amount with respect to each Applicable Distribution Date over (y) the Series 2019-2 Invested Amount as of such Optional Repurchase Distribution Date (determined after giving effect to any payments made pursuant to Section 2.5(a) on such Distribution Date).

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • Premium payment plan means a benefit plan whereby school em- ployees may pay their share of group health plan premiums with pretax dollars as provided in the salary reduction plan under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue Code.

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Minimum Payments $50 (with respect to all funds in the aggregate.)

  • Quarterly Payment Dates means each March 31, June 30, September 30 and December 31.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Excess Penalty Charges With respect to any Serviced Loan and any Collection Period, the sum of (A) the excess of (i) any and all Penalty Charges collected in respect of such Serviced Loan during such Collection Period, over (ii) all unpaid or unreimbursed Advances and Additional Trust Fund Expenses (including, without limitation, interest on Advances to the extent not otherwise paid or reimbursed by the related Mortgagor, but excluding Special Servicing Fees, Workout Fees and Liquidation Fees) outstanding or previously incurred on behalf of the Trust (and, if applicable, the related Serviced Companion Loan Holder) with respect to such Serviced Loan and reimbursed from such Penalty Charges (which such Advances and Additional Trust Fund Expenses shall be reimbursed from such Penalty Charges) in accordance with Section 3.14 of this Agreement and (B) Advances and expenses previously paid or reimbursed from Penalty Charges as described in the immediately preceding clause (A), which Advances and expenses have been recovered from the related Mortgagor or otherwise.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.