By the word "Semi-Annual" for "Semi-Annual Premiums" it is meant that the total sum of the contract-stipulated semi-annual premium amount for the half-year is payable twice per policy year in advance of each half-yearly 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 half-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 "half-year" commences with the day of the month as stated in the policy contract and its duration is for a half-year. The "policy year" then consists of an additional, second "half-year", that commences immediately upon the end-point of the prior "half-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 "semi-annual" payments is less cost effective than the "Annual" premium payment mode. The "semi-annual" premium payment mode is not offered for all products (policy contracts). If the "semi-annual" premium payment mode is requested on WinQuote(tm) comparison surveys, products that do not offer the "semi-annual" premium payment mode are not excluded but are surveyed on the basis of the aggregate sum of "monthly" premiums that would be payable over six months. When a semi-annual 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 "semi-annual" 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 six "monthly" premium payment mode payments (for comparison purposes only).