Common use of Age and Sex Clause in Contracts

Age and Sex. If, while this contract is in force and the Insured is alive, it is determined that the Age or sex of the Insured as stated in Section 1, Contract Data, is not correct, we will adjust the Contract Value under this contract. The adjustment will be the difference between the following two amounts accumulated at J177 the Fixed Account guaranteed interest rate annually. The two amounts are: (1) the Cost of Insurance deductions that have been made; and (2) the Cost of Insurance deductions that would have been made at the correct Age and sex. If, after the death of the Insured and while this contract is in force, it is determined that the Age or sex of the Insured as stated in Section 1, Contract Data, is not correct, the death benefit will be the net amount at risk that the most recent Cost of Insurance deductions at the correct Age and sex would have provided, plus the Contract Value on the date of death, less any loan balance.

Age and Sex. If, while this contract is in force and the Insured is alive, it is determined that the Age or sex of the Insured as stated in Section 1, Contract Data, is not correct, we will adjust the Contract Value under this contract. The adjustment will be the difference between the following two amounts accumulated at J177 the Fixed Account guaranteed interest rate annually. The two amounts are: (1) the Cost of Insurance deductions that have been made; and (2) the Cost of Insurance deductions that would have been made at the correct Age and sex. If, after the death of the Insured and while this contract is in force, it is determined that the Age or sex of the Insured as stated in Section 1, Contract Data, is not correct, the death benefit will be the net amount at risk that the most recent Cost of Insurance deductions at the correct Age and sex would have provided, plus the Contract Value on the date of death, less any loan balance.