Common use of Juvenile Insured Clause in Contracts

Juvenile Insured. This provision only applies if the Insured was under Age 20 on the Policy Date. Beginning when the Insured attains Age 20, you will have an opportunity to improve your policy’s Risk Class as compared with the Risk Class that applied prior to Age 20. 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 20, 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 satisfactory to us. In order for such improved Risk Class to take effect at Age 20, you must make the Written Request prior to Age 20. If you do not request an improved Risk Class for the Insured, a Risk Class of “Smoker” will be assigned.

Juvenile Insured. This provision only applies if the Insured was under Age 20 18 on the Policy Date. Beginning when the Insured attains Age 2018, you will have an opportunity to improve your policy’s Risk Class as compared with the Risk Class that applied prior to Age 2018. 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 2018, 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 satisfactory to usInsurability. In order for such improved Risk Class to take effect at Age 2018, you must make the Written Request prior to Age 2018. If you do not request an improved Risk Class for the Insured, a Risk Class of “Smoker” will be assigned.