Single Premium definition

Single Premium means the amount payable by the Policyholder at the Policy Commencement Date, as per the amount specified in the Schedule.

Single Premium means the Premium amount specified in the Schedule payable in Lump Sum at the inception of the Policy. No further Premiums are payable under this Policy.

Single Premium means the amount exclusive of applicable taxes, if any, payable by the Policyholder only once at the Policy Commencement Date.

Examples of Single Premium in a sentence

The Individual Single Premium Deferred Registered Index-Linked Annuity described herein.
In the case of term policies Your Single Premium will be refunded on a scale determined by Our actuary based on Our calculation for the unexpired portion of the Term Policy, provided that no claim was submitted, in which Event No Premium shall be refunded.
Revival clause is not applicable for Single Premium payment option.
SLIC has four lines of business: Universal Life (UL); Level Premium Term Insurance with three available level term periods: 10, 20 and 30 year; Single Premium Immediate Annuities (SPIA); and Variable Annuities with a Return of Premium (ROP) Guaranteed Minimum Death Benefit (GMDB) and an optional Guaranteed Minimum Accumulation Benefit (GMAB) or Guaranteed Minimum Withdrawal Benefit (GWAB).
Simple Life is a US life insurance company located in Boston, Massachusetts with four lines of business: Universal Life (UL), Level Premium Term Insurance with three available level term periods: 10, 20 and 30 year, Single Premium Immediate Annuities (SPIA) and Variable Annuities with a Return of Premium (ROP) Guaranteed Minimum Death Benefit (GMDB) and a Guaranteed Minimum Accumulation Benefit (GMAB).

Single Premium means the Premium paid to Us in a single instalment as specified in the Schedule;

Single Premium means the premium amount specified in the Schedule and paid to Us in a single instalment as specified in the Schedule excluding applicable taxes, cesses and levies;

Single Premium means the premium amount specified in the COI and received by Us in lump sum excluding applicable taxes, cesses and levies;

Single Premium means the amount of initial premium contribution made for the Basic Policy, which is shown on the Policy Information Page.

Single Premium means the Premium payable at the Policy Com- mencement Date and is equal to that mentioned in the Schedule.