Common use of Enhanced Death Benefit Charge Clause in Contracts

Enhanced Death Benefit Charge. On each contract anniversary while this amendment is in effect, a charge for the Enhanced Death Benefit will be deducted from the Investment Accounts in proportion to the Accumulation Value of the Investment Accounts. The charge is shown on page 4. Effective Date. The effective date is the date on which proof of death is received at the Home Office. However, the effective date will be the next following Valuation Date if the proof of death is received at the Home Office either: • on a Valuation Date after the close of trading on the New York Stock Exchange; or • on a day on which the New York Stock Exchange is closed.

Appears in 3 contracts

Samples: Enhanced Death Benefit Amendment (NML Variable Annuity Account B), Enhanced Death Benefit Amendment (NML Variable Annuity Account A), Enhanced Death Benefit Amendment (NML Variable Annuity Account B)

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Enhanced Death Benefit Charge. On each contract anniversary while this amendment is in effect, a charge for the Enhanced Death Benefit will be deducted from the Investment Accounts in proportion to the Accumulation Value of the Investment Accounts. The charge is shown on page 4. Effective Date. The effective date is the date on which proof of death is received at the Home Office. However, the effective date will be the next following Valuation Date if the proof of death is received at the Home Office home office either: • on a Valuation Date after the close of trading on the New York Stock Exchange; or • on a day on which the New York Stock Exchange is closed.or

Appears in 2 contracts

Samples: Enhanced Death Benefit Amendment (NML Variable Annuity Account B), Enhanced Death Benefit Amendment (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co)

Enhanced Death Benefit Charge. On each contract anniversary while this amendment is in effect, a charge for the Enhanced Death Benefit will be deducted from the Investment Accounts in proportion to the Accumulation Value of the Investment Accounts. The charge is shown on page Page 4. Effective Date. The effective date is the date on which proof of death is received at the Home Office. However, the effective date will be the next following Valuation Date if the proof of death is received at the Home Office either: • on a Valuation Date after the close of trading on the New York Stock Exchange; or • on a day on which the New York Stock Exchange is closed.

Appears in 2 contracts

Samples: Enhanced Death Benefit Amendment (NML Variable Annuity Account A), Enhanced Death Benefit Amendment (NML Variable Annuity Account B)

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Enhanced Death Benefit Charge. On each contract anniversary while this amendment is in effect, a charge for the Enhanced Death Benefit will be deducted from the Investment Accounts Divisions in proportion to the Accumulation Value of the Investment AccountsDivisions. The charge is shown on page Page 4. Effective Date. The effective date is the date on which proof of death is received at the Home Office. However, the effective date will be the next following Valuation Date if the proof of death is received at the Home Office either: • on a Valuation Date after the close of trading on the New York Stock Exchange; or • on a day on which the New York Stock Exchange is closed.

Appears in 1 contract

Samples: Enhanced Death Benefit Amendment (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co)

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