Joint Second Sample Clauses

Joint Second. To-Die Non-Frasierized Products The joint second to die non-frasierized premium will be calculated as follows: The survivorship rate is calculated using the percentages shown below to determine the annual premium rate applicable to each insured life. The single life rate will then be applied as follows: If both insureds are alive, the rate will equal: a) The sum of each single life rate multiplied by the amount of the increase in cash value should either life die; PLUS b) The product of the single life rates for the two insureds, plus $.10 per thousand, multiplied by the net amount at risk. If one insured has died, the rate will equal: a) The single life rate for the living insured multiplied by the net amount at risk. U/W CLASS PERCENT Preferred Nonsmoker Smoker E. Riders Rates for riders will be the same as those for the base plans. However, no reinsurance charge will be applied for any riders allowing for the exchange of a Joint Second-to-Die policy for two single life policies, one on the life of each insured.