Fixed Benefit Insurance. The Company may defer paying the cash value of the fixed benefit paid-up insurance for up to six months from the date of surrender. If payment is deferred for 30 days or more, interest will be paid on the cash value at an annual effective rate of 4% from the date of surrender to the date of payment. The Company may defer making a loan for up to six months.
Appears in 7 contracts
Samples: Variable Whole Life Policy (Aerosonic Corp /De/), Variable Whole Life Insurance Policy (Northwestern Mutual Variable Life Account), Variable Whole Life Insurance Policy (Northwestern Mutual Variable Life Account)
