Common use of Death Benefit Guarantee Premium Test Clause in Contracts

Death Benefit Guarantee Premium Test. If the Death Benefit Guarantee is active, the Death Benefit Guarantee Premium Test will be performed on each monthly processing date during the Death Benefit Guarantee Period or until the Policy anniversary nearest the Insured’s 121st birthday, if sooner. The Death Benefit Guarantee Premium Test is met provided that:

Appears in 6 contracts

Samples: Individual Flexible Premium Variable Adjustable 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)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!