Common use of Guaranteed Monthly Premium Clause in Contracts

Guaranteed Monthly Premium. If you pay the guaranteed monthly premiums as due, your contract will not lapse during the guaranteed payment period (assuming you do not make any contract loans or partial surrenders). Section 5.8, Grace Period, describes this in detail. The guaranteed monthly premium will change if you increase the Specified Amount or add or delete any additional benefits provided by riders.

Appears in 4 contracts

Samples: Flexible Premium Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account), Flexible Premium Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account), Flexible Premium Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account)

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Guaranteed Monthly Premium. If you pay the guaranteed monthly premiums Guaranteed Monthly Premiums as due, your contract will not lapse during the guaranteed payment period Guaranteed Payment Period (assuming you do not make take any contract loans or partial surrenders). Section 5.8, Grace PeriodPeriod and Contract Lapse, describes this in detail. The guaranteed monthly premium Guaranteed Monthly Premium will change if you increase the Specified Amount or add or delete change any additional benefits provided by riders.

Appears in 3 contracts

Samples: Flexible Premium Adjustable Death Benefit Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account), Flexible Premium Adjustable Death Benefit Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account), Flexible Premium Adjustable Death Benefit Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account)

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Guaranteed Monthly Premium. If you pay the guaranteed monthly premiums Guaranteed Monthly Premiums as due, your contract will not lapse during the guaranteed payment period Guaranteed Payment Period (assuming you do not make take any contract loans or partial surrenders). Section 5.8, Grace PeriodPeriod and Contract Lapse, describes this in detail. ICC19J209 The guaranteed monthly premium Guaranteed Monthly Premium will change if you increase the Specified Amount or add or delete change any additional benefits provided by riders.

Appears in 1 contract

Samples: Flexible Premium Adjustable Death Benefit Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account)

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