CHANGE OF INSURED BENEFIT. The Owner has the unilateral right to add the Change of Insured Benefit if: • this Policy has been in force for at least six months; • the Insured is alive; • this Policy would continue to qualify as Life Insurance under Section 7702 of the Internal Revenue Code; and • this Policy is not in force under the Paid-up Option.
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Samples: Northwestern Mutual Variable Life Account II, Northwestern Mutual Variable Life Account II, Northwestern Mutual Variable Life Account II
CHANGE OF INSURED BENEFIT. The Owner has the unilateral right to add the Change of Insured Benefit if: • · this Policy has been in force for at least six months; • · the Insured is alive; • · this Policy would continue to qualify as Life Insurance under Section 7702 of the Internal Revenue Code; and • · this Policy is not in force under the Paid-up Option.. UU.VULP.(1019) 30 NY
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CHANGE OF INSURED BENEFIT. The Owner has the unilateral right to add the Change of Insured Benefit if: • this Policy has been in force for at least six months; • the Insured is alive; • this Policy would continue to qualify as Life Insurance under Section 7702 of the Internal Revenue Code; and • this Policy is not in force under the Paid-up Option.. UU.VULP.(1019) 30 NY
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