Juvenile Insured. This provision only applies if the Insured was under Age 18 on the Policy Date. Beginning when the Insured attains Age 18, you will have an opportunity to improve your policy’s Risk Class as compared with the Risk Class that applied prior to Age 18. This may reduce the actual Cost of Insurance Charge that is deducted from your policy’s Accumulated Value. At least 60 days prior to the Insured’s Age 18, we will send to your last known address a notice of your right to apply for an improved Risk Class for the Insured of “Nonsmoker”. In order to qualify for such improved Risk Class, you will be required to supply Evidence of Insurability. In order for such improved Risk Class to take effect at Age 18, you must make the Written Request prior to Age 18. If you do not request an improved Risk Class for the Insured, a Risk Class of “Smoker” will be assigned.
Juvenile Insured. If an Insured’s Age on the Policy Date is less than 20, you may apply for nonsmoker risk status when the Insured attains Age 20. This option must be requested in writing and accompanied by satisfactory evidence of nonsmoking.
Juvenile Insured. This provision only applies if the Insured was under the Juvenile Insured Age shown on the Policy Specifications, if any, on the Policy Date. Beginning when the Insured attains the Juvenile Insured Age, you will have an opportunity to request a change to your Policy’s Risk Class as compared with the Risk Class that applied prior to the Juvenile Insured Age. This may reduce the actual Cost of Insurance Charge that is deducted from your Policy’s Accumulated Value. At least 60 days prior to the Insured attaining the Juvenile Insured Age, we will send to your last known address a notice of your right for a change to a different Risk Class for the Insured. In order to qualify for a changed Risk Class, you will be required to supply Evidence of Insurability satisfactory to us. In order for said Risk Class to take effect at the Juvenile Insured Age, you must make the Written Request prior to the Juvenile Insured Age. If you do not request to change the Risk Class for the Insured, a Post-Juvenile Risk Class shown in the Policy Specifications will be assigned.
Juvenile Insured. If an Insured’s Age on the Policy Date is under 20, the Insured may apply for Nonsmoker risk status on attaining Age 20. This option must be requested in writing and accompanied by satisfactory evidence of nonsmoking. Suicide Exclusion - If the Insured dies by suicide within two years of the Policy Date, no death benefit proceeds will be paid. Instead, we will return the sum of the premiums paid, less the sum of any Policy Debt and withdrawals. If the Insured dies by suicide within two years of the effective date of any increase in the Face Amount which was applied for after the Policy Date, no benefit will be paid with respect to such increase. Instead, we will refund the Cost of Insurance Charges made with respect to that increase. If any insurance amount of this policy was issued under a term insurance conversion option, the two-year period for excluding death by suicide for such amount does not star anew, but is effective as of the issue date of the term policy or rider. Misstatement - If it is discovered after the Insured dies that the Insured’s age was misstated on the application, the death benefit will be adjusted so that the Net Amount at Risk (NAR) after adjustment is the NAR before the adjustment multiplied by the ratio of the incorrect Cost of Insurance (COI) rate to the correct COI rate. If the Minimum Death Benefit after the adjustment is larger, the death benefit will be this larger amount. Reports - A report will be mailed to you at the end of each policy year to your last known address. This report will include the following information for the policy year: • the Accumulated Value; • the Cash Surrender Value; • the current death benefit; • any Surrender Charges; • any existing Policy Debt; • transactions that occurred during the policy year; • changes in the Guideline Premiums, if applicable; and • any information required by law. In addition to the above reports, an annual report will also be mailed to you. The report will contain financial statements for the Separate Account and the designated investment company or companies or other designated portfolio(s) in which the Separate Account invests, the latter of which will include a list of the portfolio securities of the investment company, as required by the Investment Company Act of 1940, and of any other designated portfolio. We will also send any other reports as required by federal securities law. Policy Illustrations - Upon request we will give you an illustration of the future benef...
Juvenile Insured. This provision only applies if the Insured was under the Post-Juvenile Insured Age shown on the Policy Specifications, if any, on the Policy Date. Beginning when the Insured attains the Juvenile Insured Age, You will have an opportunity to request a change to this Policy’s Risk Class as compared with the Risk Class that applied prior to the Post-Juvenile Insured Age. This may reduce the actual Cost of Insurance Charge that is deducted from this Policy’s Accumulated Value. At least 60 days prior to the Insured becoming their Post-Juvenile Insured Age, a notice of Your right to change to a different Risk Class for the Insured will be sent to the Address on Record. To qualify for a changed Risk Class, You will be required to supply Evidence of Insurability satisfactory to Us. Said Risk Class, if approved by Us, will take effect at the Post-Juvenile Insured Age, provided the Written Request is made prior to the Post-Juvenile Insured Age. If a change the Risk Class for the Insured is not requested, the Post-Juvenile Risk Class, if any, shown in the Policy Specifications will be assigned.
