google bot detected Planned Premium Paymenttarget Premium Payment | Insurance Glossary | Realestateagent.com

Planned Premium Paymenttarget Premium Payment


Definition of "Planned premium payment/target premium pay­ment"

Premium payment made by the policy owner under a universal life insurance policy, usually on an automatic monthly preauthorized bank draft basis. The amount of the payment is established according to how much the policy owner wants to save each month.



Related Real Estate Glossary terms

Related Real Estate FAQ