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Check the box as shown above, if the first modal premium from the policy can be deducted from the First Year Lump Sum.
For example, assume a policy with a $1,000 Lump Sum and quarterly specified premium payments of $250 ($1,000 per year). The total first year premium outlay is $2,000 is the check box is clear. If the check box is selected, then the first year outlay will be $1,750 because the first modal of $250 is deducted from the lump sum and the remaining quarterly premiums of $750 will be due.