FULL SURRENDER. You may surrender this contract for its Cash Surrender Value by giving Written Notice before the Maturity Date and while the Insured is alive. The surrender will be effective on the later of: 1) The date we receive Written Notice; and 2) The date you specify. Insurance coverage ceases on the effective date of the surrender.
Appears in 2 contracts
Samples: Variable Life Insurance Contract (Lb Variable Insurance Account I), Variable Life Insurance Contract (Lbvip Variable Insurance Account)
FULL SURRENDER. You may surrender this contract for its Cash Surrender Value by giving Written Notice before the Maturity Date and while the Insured is aliveliving. The surrender will be effective on the later of:
1) The date day we receive Written Notice; and
2) The Notice or, if later, the date you specify. Insurance coverage ceases on the effective date of the surrender.
Appears in 2 contracts
Samples: Flexible Premium Variable Life Insurance (Thrivent Variable Life Account 1), Flexible Premium Variable Life Insurance (Thrivent Variable Life Account 1)
FULL SURRENDER. You may surrender this contract for its Cash Surrender Value by giving Written Notice before the Maturity Date and while the Insured is aliveliving. The surrender will be effective on the later of:
1) The date day we receive Written Notice; and
2) The date you specify. Insurance coverage ceases on the effective date of the surrender.
Appears in 1 contract
Samples: Flexible Premium Variable Adjustable Life Insurance (Thrivent Variable Life Account I)