installment premiums

  • All policies in ordinary life are based on annual premium payments in advance. However, installment premiums may be made monthly, quarterly, or semi annually at a slight additional charge.

    Internal Revenue Service 1
    See also deferred premium

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).