Common use of EXTENDED TERM OR REDUCED PAID Clause in Contracts

EXTENDED TERM OR REDUCED PAID. UP. If applicable, changes as a result of extended term or reduced paid-up shall be handled the same as reductions as described above.

Appears in 5 contracts

Sources: Coinsurance Agreement (Cuna Mutual Variable Life Insurance Account), Reinsurance Agreement (Jnlny Separate Account Iv), Reinsurance Agreement (Jackson National Separate Account Iv)