The phrase "modal premiums" refers to the amount of money you pay for an insurance policy on a monthly, quarterly, or annual basis. It determines the frequency of your premium payments, like whether you pay monthly, quarterly, or yearly.
Sentences with «modal premiums»
* Annualized Premium shall be the premium payable in a year chosen by the policyholder, excluding loadings for modal premiums, if any, and applicable taxes. (bharti-axalife.com)
An amount equal to the sum of all the future Modal Premiums will be instantly credited to the Fund Value (financegab.com)
National Life Group will draft your first modal premium payment to place the policy in force. (rootfin.com)