EFFECT ON DEATH BENEFIT GUARANTEE. If the Death Benefit Guarantee is active, a request for a loan or withdrawal in an amount that would result in a failure to meet the Death Benefit Guarantee Premium Test upon the loan or withdrawal will not be processed without consent from the Owner to terminate the Death Benefit Guarantee as of the date the loan or withdrawal is made. If the Owner consents, no Death Benefit Guarantee Grace Period will be provided. UU.VULP.(1019) 27 NY
Appears in 2 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)
EFFECT ON DEATH BENEFIT GUARANTEE. If the Death Benefit Guarantee is active, a request for a loan or withdrawal in an amount that would result in a failure to meet the Death Benefit Guarantee Premium Test upon the loan or withdrawal will not be processed without consent from the Owner to terminate the Death Benefit Guarantee as of the date the loan or withdrawal is made. If the Owner consents, no Death Benefit Guarantee Grace Period will be provided. UU.VULP.(1019) 27 NY.
Appears in 2 contracts
Samples: Life Insurance Policy (Northwestern Mutual Variable Life Account II), Life Insurance Policy (Northwestern Mutual Variable Life Account II)
EFFECT ON DEATH BENEFIT GUARANTEE. If the Death Benefit Guarantee is active, active a request for a loan or withdrawal in an amount that would result in a failure to meet the Death Benefit Guarantee Premium Test upon the loan or withdrawal will not be processed without consent from the Owner to terminate the Death Benefit Guarantee as of the date the loan or withdrawal is made. If the Owner consents, no Death Benefit Guarantee Grace Period will be provided. UU.VULP.(1019) 27 NY.
Appears in 2 contracts
Samples: Life Insurance Policy (Northwestern Mutual Variable Life Account II), Life Insurance Policy (Northwestern Mutual Variable Life Account II)
