Common use of DECREASE CHARGE Clause in Contracts

DECREASE CHARGE. The Decrease Charge is applied on: 1) The effective date of each decrease in Face Amount; and 2) Termination of this contract other than by death. If the Initial Face Amount is decreased, the Decrease Charge is the product of: 1) The amount of the decrease in Face Amount divided by $1,000; and 2) The Decrease Charge per $1,000 shown on page 4. If an increase in Face Amount is decreased, the Decrease Charge is the product of: 1) The amount of the increase being decreased divided by $1,000; and 2) The Decrease Charge per $1,000 for the increase in Face Amount. For any increase in Face Amount, Decrease Charges per $1,000 will be shown on a supplemental contract schedule that we will mail to you. ----------------------------------------------------------------------- 7. ACCUMULATED VALUE AND TRANSFERS -----------------------------------------------------------------------