ANNUAL DIVIDENDS. This policy will share in the divisible surplus of the Company. This surplus is determined each year. This policy's share will be credited as a dividend on the policy anniversary.
ANNUAL DIVIDENDS. If Additional Protection is present and there is no Excess Amount, dividends will be used to increase Policy Value. In other situations, until otherwise directed, dividends will: Increase Policy Value ----- Reduce current premium with excess used to increase Policy Value ----- Purchase Variable Paid-Up Additional Insurance ----- Be paid in cash ----- POLICY LOAN INTEREST RATE OPTION 5% ----- Variable Rate ----- OWNER'S ADDRESS Insured's address or: ----- ----- ------------------------------------ Xxxxxx & Xx. xx X.X.X. ------------------------------------ Xxxx Xxxxx Zip
ANNUAL DIVIDENDS. Paid-up additions and other uses of dividends. Dividends at death.
ANNUAL DIVIDENDS. Section 4.2 Use of Dividends • Section 4.3 Dividend at Death SECTION 5. PAID-UP ADDITIONS
ANNUAL DIVIDENDS. This Policy is eligible to share in the divisible surplus of the Company. This divisible surplus is determined each year. The Policy's share, if any, will be credited as a dividend on the Policy anniversary. This dividend will reflect the mortality, expense and investment experience of the Company and will be affected by any Policy Debt during the Policy year. Decisions concerning the amount and appropriate allocation of divisible surplus are within the sole discretion of the Company's Board of Trustees. There is no guaranteed method or formula for the determination or allocation of divisible surplus. The Company's approach is subject to change. There is no guarantee of a divisible surplus. Even if there is a divisible surplus, the payment of a dividend on this Policy is not guaranteed. No dividend will be paid on Extended Term Insurance (Section 6.2).
ANNUAL DIVIDENDS. Limited Death Benefit. P O L I C Y I D E N T I F I C A T I O N Insured XXXX X XXX Age 35 (Male) Policy Number LF-0000-0000 Initial Basic Amount $50,000 Policy Date October 15, 1997 Issue Date October 15, 1997 Additional Insured Xxxx X Xxx Age 35 (Female)
ANNUAL DIVIDENDS. We do not expect to pay dividends on this policy; however, we may apportion and pay dividends each year. All dividends apportioned will be derived from the divisible surplus of our participating business. Any such dividends will be paid only at the end of the Policy Year. There is no right to a partial or pro rated dividend prior to the end of the Policy Year. You may choose to have your dividend used under one of these options:
ANNUAL DIVIDENDS. Your Contract shares in our divisible surplus while it is in force prior to the annuity commencement date. Each year we will determine the share of divisible surplus, if any, accruing to your contract. Investment results are credited directly through the changes in the value of the accumulation units and annuity units. Also, most mortality and expense savings are credited directly through decreases in the appropriate charges. Therefore, the Company expects little or no divisible surplus to be credited to your Contract.
ANNUAL DIVIDENDS. If Additional Protection is present and there is no Excess Amount, dividends will be used to increase Policy Value. In other situations, until otherwise directed, dividends will: Increase Policy Value ----- Reduce current premium with excess used to increase Policy Value ----- Purchase Variable Paid-Up Additional Insurance ----- Be paid in cash ----- POLICY LOAN INTEREST RATE OPTION 5% ----- Variable Rate ----- OWNER'S ADDRESS Insured's address or: ----- ----- ------------------------------------ Xxxxxx & Xx. xx X.X.X. ------------------------------------ Xxxx Xxxxx Zip The Company is required to make the following inquiries for purposes of determining the suitability of this sale. All responses will be kept confidential.
ANNUAL DIVIDENDS. As soon as reasonably practicable after the end of each fiscal year of the Company, the Stockholders shall cause all Excess Cash to be distributed by the Company to the Stockholders pro rata in accordance with their respective Stockholder Percentages.
