Common use of CONTRACT LOANS Clause in Contracts

CONTRACT LOANS. You may obtain a contract loan by submitting a Written Notice or Written Request to us. This contract assigned to us is the only security needed. When a loan is made, we will transfer an amount equal to the loan from the Fixed and Variable Accounts to the loan account. The loan account is part of the Fixed Account, which is part of our general account. If you do not specify allocation instructions in your loan application, we will withdraw the loan pro-rata from all Subaccounts of the Variable Account having Subaccount values and from the Fixed Account. Axxxxxx transferred to the loan account do not participate in the investment experience of the Fixed or Variable Account from which they were withdrawn. Amounts in the loan account will earn interest at the minimum Fixed Account guaranteed interest rate shown in Section 1, Contract Data. Different interest rates may be applied to the loan account than the Fixed Account. Any interest credited on loaned amounts will remain in the Fixed Account. You may repay your loan balance in full or in part while your contract is in force prior to the death of the Insured. Repayments must be clearly marked as “loan repayments” or we will credit them as premiums. Each loan repayment will result in a transfer of an amount equal to the loan repayment from the loan account to the Fixed and/or Variable Account. We will use your current premium allocation schedule to allocate the loan repayments. We have the right to not accept partial loan repayments for amounts less than $50. A loan balance that exists at the end of the grace period may not be repaid unless this contract is reinstated.

CONTRACT LOANS. You may obtain While this contract is in force and a sufficient amount of loan is available, a contract loan may be obtained by submitting a Written Notice or Written Request to usNotice. This contract assigned to us is the only security needed. When a loan is made, we will transfer an amount equal to the loan from the Fixed and Variable Accounts to the loan account. The loan account is part of the Fixed Account, which is part of our general account. If you do not specify allocation instructions in your loan application, we will withdraw the loan pro-rata from all Subaccounts of the Variable Account having Subaccount values and from the Fixed Account. Axxxxxx Xxxxxxx transferred to the loan account do not participate in the investment experience of the Fixed or Variable Account from which they were withdrawn. Amounts in the loan account will earn interest at the minimum Minimum Fixed Account guaranteed interest rate Guaranteed Interest Rate shown in Section 1, Contract Data. Different interest rates may be applied to the loan account than the Fixed Account. Any interest credited on loaned amounts will remain in the Fixed Account. You may repay your contract loan balance in full or in part while your contract is in force prior to the death of the Insured. Repayments You must be clearly marked mark repayments as “loan repayments” or we will credit them as premiums. Each loan repayment will result in a transfer of an amount equal to the loan repayment from the loan account to the Fixed and/or Variable Account. We will use your current premium allocation schedule to allocate the loan repayments. We have the right to not accept partial loan repayments for amounts less than $5025. A You may not repay a loan balance that exists at the end of the grace period may not be repaid unless this contract is reinstated.

CONTRACT LOANS. You may obtain While this contract is in force and a sufficient amount of loan is available, a contract loan may be obtained by submitting a Written Notice or Written Request to usNotice. This contract assigned to us is the only security needed. When a loan is made, we will transfer an amount equal to the loan from the Fixed and Variable Accounts to the loan account. The loan account is part of the Fixed Account, which is part of our general account. If you do not specify allocation instructions in your loan application, we will withdraw the loan pro-rata from all Subaccounts of the Variable Account having Subaccount values and from the Fixed Account. Axxxxxx Xxxxxxx transferred to the loan account do not participate in the investment experience of the Fixed or Variable Account from which they were withdrawn. Amounts in the loan account will earn interest at the minimum Minimum Fixed Account guaranteed interest rate Guaranteed Interest Rate shown in Section 1, Contract Data. Different interest rates may be applied to the loan account than the Fixed Account. Any interest credited on loaned amounts will remain in the Fixed Account. You may repay your contract loan balance in full or in part while your contract is in force prior to the death of the Insured. Repayments You must be clearly marked mark repayments as “loan repayments” or we will credit them as premiums. Each loan repayment will result in a transfer of an amount equal to the loan repayment from the loan account to the Fixed and/or Variable Account. We will use your current premium allocation schedule to allocate the loan repayments. We have the right to not accept partial loan repayments for amounts less than $5025. A You may not repay a loan balance that exists at the end of the grace period may not be repaid unless this contract is reinstated.. ICC19J210