Common use of ANNUAL DIVIDENDS Clause in Contracts

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.

Appears in 7 contracts

Samples: Variable Whole Life Policy (Northwestern Mutual Variable Life Account), Variable Whole Life Policy (Northwestern Mutual Variable Life Account), Variable Whole Life Policy (Aerosonic Corp /De/)

AutoNDA by SimpleDocs

ANNUAL DIVIDENDS. This policy will share in the divisible surplus of the CompanyCompany to the extent it contributes to this surplus. This surplus is determined each year. This policy's share will be credited as a dividend on the policy anniversary. Since this policy is not expected to contribute to divisible surplus, it is not expected that any dividends will be paid.

Appears in 6 contracts

Samples: Flexible Premium Variable Life Insurance Policy (Northwestern Mutual Variable Life Account), Flexible Premium Variable Life Insurance Policy (Northwestern Mutual Variable Life Account), Flexible Premium Variable Life Insurance Policy (Northwestern Mutual Variable Life Account)

AutoNDA by SimpleDocs

ANNUAL DIVIDENDS. This policy will share in the divisible surplus of the Company. This surplus is determined each year. This The policy's share will be credited as a dividend on the policy anniversary.

Appears in 4 contracts

Samples: Single Premium Variable Whole Life Policy (Northwestern Mutual Variable Life Account), Single Premium Variable Whole Life Policy (Northwestern Mutual Variable Life Account), Variable Whole Life Insurance Policy (Northwestern Mutual Variable Life Account)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!