Common use of Increase in Specified Amount Clause in Contracts

Increase in Specified Amount. The amount of Minimum Premium will be determined as though a new policy had been issued for the amount of the increase, except that the monthly policy fee will not be included in the Minimum Premium calculation. The amount of the dealer concession is as described above under "First Policy Year" and "Second Through Tenth Policy Years."

Appears in 4 contracts

Samples: Distribution Agreement (CMFG Variable Life Insurance Account), Servicing Agreement (Cuna Mutual Variable Life Insurance Account), Servicing Agreement (Cuna Mutual Variable Life Insurance Account)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!