By the word "Quarterly" for "Quarterly Premiums" it is meant that the total sum of the contract-stipulated quarterly premium amount for each policy quarter year is payable four times per policy year in advance of each quarter-year policy period.

By the words "in advance", it is meant that the premiums are payable at the beginning (theoretically on the first day) of each quarter year of the policy.

The "policy year" commences with the day of the month as stated in the policy contract and its duration is for a full year, commencing with the first day and ending at the end of the preceding day of the following calendar year. For example, a policy year that commences on September 12th continues to and includes the day of September 11th of the following year. The "quarter-year" commences with the day of the month as stated in the policy contract and its duration is for a quarter-year. The "policy year" then consists of three additional "quarter-year" periods, with each quarter commencing immediately upon the end-point of the prior "quarter-year".

The payment of premiums by means of "annual" payments is the most cost effective way, and most recommended particularly if the premiums are paid with "after-tax" dollars ("after tax" dollars represent the money that is left from earnings, after income taxes are paid; for example a person in the 50% income tax bracket would have to earn $2,000 in order to have $1,000 in "after-tax" dollars to pay for the premium).

The payment of premiums by means of "quarterly" payments is less cost effective than either the "Annual" or "Semi-Annual" premium payment mode. The "quarterly" premium payment mode is not offered for all products (policy contracts). If the "quarterly" premium payment mode is requested on WinQuote(tm) comparison surveys, products that do not offer the "quarterly" premium payment mode are not excluded but are surveyed on the basis of the aggregate sum of "monthly" premiums that would be payable over three months. When a quarterly premium payment mode survey is requested on WinQuote(tm), and when one or more products that are included in the WinQuote(tm) comparison survey do not offer "quarterly" premium payments, WinQuote(tm) places a special marking notation "m", next to such products to indicate that the premium figure displayed represents the equivalent of three "monthly" premium payment mode payments (for comparison purposes only).