Cost of Insurance. The Cost of Insurance for the Policy to which this rider is attached is modified to account for the Term Insurance Benefit under this agreement. The Cost of Insurance is determined separately for the initial Specified Amount and Term Insurance Benefit segments as well as for each additional segment created as the result of an increase in either Specified Amount or Term Insurance Benefit amount. The total Cost of Insurance for a policy month is calculated as the sum of (a) plus (b) where:
Appears in 7 contracts
Samples: Supplemental Term Insurance Agreement (Penn Mutual Variable Life Account I), Supplemental Term Insurance Agreement (Penn Mutual Variable Life Account I), Supplemental Term Insurance Agreement (Penn Mutual Variable Life Account I)
Cost of Insurance. The Cost of Insurance for the Policy to which this rider is attached is modified to account for the Term Insurance Benefit under this agreement. The Cost of Insurance is determined separately for the initial Specified Amount and Term Insurance Benefit segments as well as for each additional segment created as the result of an increase in either Specified Amount or Term Insurance Benefit amount. amount The total Cost of Insurance for a policy month is calculated as the sum of (a) plus (b) where:
Appears in 1 contract
Samples: Supplemental Term Insurance Agreement (Penn Mutual Variable Life Account I)
