Target Premium refers to the suggested amount of premium that a policyholder should pay to ensure that the policy remains active and adequately funded over its intended duration.
Target Premium refers to the suggested amount of premium that a policyholder should pay to ensure that the policy remains active and adequately funded over its intended duration. While policyholders have the flexibility to pay premiums within a range from the minimum to the maximum allowed, the Target Premium is typically set to cover the cost of insurance charges and other policy expenses while also contributing to the cash value accumulation. Paying the Target Premium can help in maintaining a balance between keeping the policy in force and optimising the policy's cash value growth potential.
Target Premium refers to the suggested amount of premium that a policyholder should pay to ensure that the policy remains active and adequately funded over its intended duration.
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