Adjustments to Life Insurance Benefit During Grace Period. If the Insured dies during the Death Benefit Guarantee Grace Period and this Policy is in force under the Death Benefit Guarantee, the premium required to meet the Death Benefit Guarantee Premium Test as of the last monthly processing date preceding or on the date of death will be deducted. If the Insured dies during the Policy Grace Period, any Monthly Policy Charges due and unpaid as of the date of death will be deducted.
Appears in 4 contracts
Samples: Life Insurance Policy (Northwestern Mutual Variable Life Account II), Life Insurance Policy (Northwestern Mutual Variable Life Account II), Life Insurance Policy (Northwestern Mutual Variable Life Account II)
Adjustments to Life Insurance Benefit During Grace Period. If the Insured dies during the Death Benefit Guarantee Grace Period and this Policy is in force under the Death Benefit Guarantee, the premium required to meet the Death Benefit Guarantee Premium Test as of the last monthly processing date preceding or on the date of death will be deducted. If the Insured dies during the Policy Grace Period, any Monthly Policy Charges due and unpaid as through the last day of the date month of the Insured’s death will be deducted.
Appears in 2 contracts
Samples: Individual Flexible Premium Variable Adjustable Life Insurance Policy (Northwestern Mutual Variable Life Account II), Life Insurance Policy (Northwestern Mutual Variable Life Account II)
