Common use of Nonforfeiture Values Clause in Contracts

Nonforfeiture Values. The Death Benefits, Withdrawal Values and Annuity Payout Values will at least equal the minimum required by law. PARTICIPATION The Company is a mutual life insurance company. Therefore, it pays dividends on some of its contracts. However, the Company does not expect dividends to become payable on this Contract. At the end of each Contract Year the Company will determine the Contract's dividend, if any. The Owner may choose to have it: (1) added to the Contract Value; or (2) paid in cash. If no choice is made, any dividend will be added to the Contract Value.

Nonforfeiture Values. The Death Benefits, Withdrawal Values and Annuity Payout Values Amounts will at least equal the minimum required by law. PARTICIPATION The Company is a mutual life insurance company. Therefore, it pays may pay dividends on some of its contracts. HoweverThe Company, the Company however, does not expect dividends to become payable on this Contract. At the end of each Contract Year the Company will determine the Contract's dividend, if any. The Owner may choose to have it: (1) added to the Contract Account Value; or (2) paid in cash. If no choice is made, any dividend will be added to the Contract Account Value.

Nonforfeiture Values. The Death Benefits, Withdrawal Values and Annuity Payout Values will at least equal the minimum required by law. PARTICIPATION The Company is a mutual life insurance company. Therefore, it pays dividends on some of its contracts. However, the Company does not expect dividends to become payable on this Contract. At the end of each Contract Year the Company will determine the Contract's dividend, if any. The Owner may choose to have it: (1) added to the Contract Value; or (2) paid in cash. If no choice is made, any dividend will be added to the Contract Value.