Planned Premium Payment/target Premium Pay­ment

Definition of "Planned premium payment/target premium pay­ment"

Donnie Keller real estate agent
Donnie Keller, Real Estate Agent Reata Realty

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.

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