Common use of Basis of Computations Clause in Contracts

Basis of Computations. [The Cash Surrender Value under the policy is not less than the minimum required as of the policy date by the state in which your policy was delivered. A detailed statement of the method of computation of policy values under the policy has been filed with the insurance department of the state in which the policy was delivered, if required.] FULL SURRENDERS [You may surrender your policy after the Right to Examine Period or at any time during the lifetime of the insured and receive the net Cash Surrender Value. We will compute the Net Cash Surrender Value as of the next Valuation Date after we receive both your request and the policy at our Customer Service Center. This policy will be canceled as of the date we receive your request, and there will be no further benefits under this policy.] If you surrender your policy within the first two policy years but after the Right to Examine Policy Period has ended, the Net Cash Surrender Value will include a refund of a portion of the sales load which was previously deducted from your premiums paid. In the first policy year, the refund is equal to 5% of the premium paid. In the second year, the refund is equal to 2.5% of the premium paid in the first policy year. GRACE PERIOD, TERMINATION AND REINSTATEMENT PROVISIONS GRACE PERIOD If the following three conditions occur on a Monthly Processing Date, the policy will enter into the 61 day grace period:

Basis of Computations. [The Cash Surrender Value under the policy Policy is not less than the minimum minimums required as of the policy Policy date by the state in which your policy Policy was delivered. A detailed statement of the method of computation of policy values Policy Values under the policy Policy has been filed with the insurance department of the state in which the policy Policy was delivered, if required.] . FULL SURRENDERS [You may surrender your policy Policy after the Right to Examine Period or at any time during the lifetime of the insured Insured and receive the net Cash Surrender Value. We will compute the Net net Cash Surrender Value as of the next Valuation Date after we receive both your request and the policy Policy at our Customer Service Center. This policy Policy will be canceled as of the date we receive your request, and there will be no further benefits under this policy.] Policy. If you surrender your policy Policy within the first two policy Policy years but after the Right to Examine Policy Period has ended, the Net net Cash Surrender Value will include a refund of a portion of the sales load charges which was were previously deducted from your premiums paid. In the first policy Policy year, the refund is equal to 5% of the premium paidpaid up to the Target Premium. In the second year, the refund is equal to 2.5% of the premium paid in the first policy Policy year. GRACE PERIOD, TERMINATION AND REINSTATEMENT PROVISIONS GRACE PERIOD If up to the following three conditions occur on a Monthly Processing Date, the policy will enter into the 61 day grace period:Target Premium.

Basis of Computations. [The Cash Surrender Value under the policy Policy is not less than the minimum minimums required as of the policy Policy date by the state in which your policy Policy was delivered. A detailed statement of the method of computation of policy values Policy Values under the policy Policy has been filed with the insurance department of the state in which the policy Policy was delivered, if required.] . FULL SURRENDERS [You may surrender your policy Policy after the Right to Examine Period or at any time during the lifetime of the insured Insured and receive the net Cash Surrender Value. We will compute the Net net Cash Surrender Value as of the next Valuation Date after we receive both your request and the policy Policy at our Customer Service Center. This policy Policy will be canceled as of the date we receive your request, and there will be no further benefits under this policy.] Policy. If you surrender your policy Policy within the first two policy Policy years but after the Right to Examine Policy Period has ended, the Net net Cash Surrender Value will include a refund of a portion of the sales load charges which was were previously deducted from your premiums paid. In the first policy Policy year, the refund is equal to 5% of the premium paidpaid up to the Target Premium. In the second year, the refund is equal to 2.5% of the premium paid in the first policy Policy year. GRACE PERIOD, TERMINATION AND REINSTATEMENT PROVISIONS GRACE PERIOD If up to the following three conditions occur on a Monthly Processing Date, the policy will enter into the 61 day grace period:Target Premium

Basis of Computations. [The Cash Surrender Value under the policy is not less than the minimum required as of the policy date by the state in which your policy was delivered. A detailed statement of the method of computation of policy values under the policy has been filed with the insurance department of the state in which the policy was delivered, if required.] . FULL SURRENDERS [You may surrender your policy after the Right to Examine Period or at any time during the lifetime of the insured and receive the net Cash Surrender Value. We will compute the Net Cash Surrender Value as of the next Valuation Date after we receive both your request and the policy at our Customer Service Center. This policy will be canceled as of the date we receive your request, and there will be no further benefits under this policy.] . If you surrender your policy within the first two policy years but after the Right to Examine Policy Period has ended, the Net Cash Surrender Value will include a refund of a portion of the sales load which was previously deducted from your premiums paid. In the first policy year, the refund is equal to 5% of the premium paid. In the second year, the refund is equal to 2.5% of the premium paid in the first policy year. GRACE PERIOD, TERMINATION AND REINSTATEMENT PROVISIONS GRACE PERIOD If the following three conditions occur on a Monthly Processing Date, the policy will enter into the 61 day grace period: