Common use of Change of Plan Clause in Contracts

Change of Plan. While the Insured is living, the Owner may change this Policy to a life insurance plan agreed to by the Owner and the Company by: • paying the required costs; and • meeting any other conditions set by the Company.

Appears in 4 contracts

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

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Change of Plan. While the Insured is living, the The Owner may change this Policy policy to a any permanent life insurance plan agreed to by the Owner and the Company by: - paying the required costs; and - meeting any other conditions set by the Company.

Appears in 2 contracts

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

Change of Plan. While the Insured is living, the Owner may change this Policy to a life insurance plan agreed to by the Owner and the Company by: · paying an administrative charge of $250; · paying the required costsamount necessary, if any, to change to the new plan; · meeting insurability requirements (Section 1.8); and • meeting · submitting any other conditions set forms required by the Company.

Appears in 1 contract

Samples: Life Insurance Policy (Northwestern Mutual Variable Life Account II)

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Change of Plan. While the Insured is living, the Owner may change this Policy to a life insurance plan agreed to by the Owner and the Company by: • paying an administrative charge of $250; • paying the required costsamount necessary, if any, to change to the new plan; • meeting insurability requirements (Section 1.8); and • meeting submitting any other conditions set forms required by the Company.

Appears in 1 contract

Samples: Individual Flexible Premium Variable Adjustable Life Insurance Policy (Northwestern Mutual Variable Life Account II)

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