Premium Load Clause Samples
Premium Load. The Premium Load is equal to the premium paid multiplied by the Premium Load Rate. The Premium Load Rate we use will not exceed the Maximum Premium Load Rate shown in the Policy Specifications.
Premium Load. The Premium Load is equal to the premium paid, categorized by Premium Type, multiplied by the applicable Premium Load Rate. The Premium Load Rate we use may vary depending on a number of factors, including Class, Premium Type the number of years the policy is In Force and source and amount of premium. Such rate will not exceed, and may be less than, the Maximum Premium Load Rates shown in the Policy Specifications.
Premium Load. 10 Premiums............................ 5 Reinstatement.......................
Premium Load. A Premium Load will be charged each time that a premium is paid to cover certain local, state and federal tax and certain sales and distribution costs. The Premium Load will equal the premium paid multiplied by the Premium Load rate shown in the Policy Specifications. The Premium Load associated with each premium will be immediately deducted from the premium paid. We reserve the right to increase the Premium Load with respect to the charge for local, state and federal tax. We will notify you of any such change.
Premium Load. Section 5.1 Accumulation Value of the base contract will be revised to read as follows. On the Contract Date, the Contract’s Accumulation Value equals the Initial Premium Paid, less the Premium Load Percentage multiplied by the Initial Premium Paid. At any time after the Contract Date, the Contract’s Accumulation Value equals the sum of the Accumulation Value(s) of the Account(s) chosen. Subsequent premiums received in the first year will also be reduced by the Premium Load Percentage multiplied by the subsequent premium amount.
Premium Load. The Premium Load will equal the premium paid multiplied by the Premium Load Rate shown in the Policy Specifications. We reserve the right to increase the Premium Load Rate if there is an increase in our costs associated with any state or local premium taxes, or if we incur an increase in costs due to any type of federal tax. We will notify you in advance if we increase the Premium Load Rate.
Premium Load. A Premium Load may be deducted from the Initial Premium and any additional Premiums. The amount of this charge, how it is determined, and when and how it is collected are described on the Contract Schedule.
Premium Load. The Premium Load is equal to the premium paid multiplied by the Premium Load Rate. The Premium Load Rate we use will not exceed the Maximum Premium Load Rate shown in the Policy Specifications. Premium Allocation Before the Free Look Transfer Date — Any Net Premium we receive before the Free Look Transfer Date will be allocated to the Money Market Variable Account on the Policy Date or, if later, the date we receive your premium allocation instructions. On the Free Look Transfer Date, the Accumulated Value in the Money Market Variable Account will be transferred to the Investment Options according to the most recent premium allocation instructions we received from you. Premium Allocation On or After the Free Look Transfer Date — Any Net Premium we receive on or after the Free Look Transfer Date will be allocated to the Investment Options according to the most recent premium allocation instructions we received from you. Premium Processing — We deduct the Premium Load at the time we receive the premium payment. We will credit the resulting Net Premium to the Accumulated Value.
Premium Load. 11 Premiums.......................................................................................................... 6 Reinstatement.....................................................................................................