On Multiple Extra Premiums Sample Clauses

On Multiple Extra Premiums. The same allowances as those payable on the basic policy.

On Multiple Extra Premiums. The same rates and commissions as those payable on the basic policy. EXHIBIT C-V POLICY CONTINUATION RIDER The Policy Continuation Rider (PCR) is an option, granted to the beneficiary, for a limited period of time, to purchase insurance on the surviving life without evidence of insurability, at the time of the first death. AMOUNT THAT CAN BE PURCHASED ON THE SURVIVING LIFE. The amount of insurance that can be purchased at the time this option is exercised will not exceed the optional amount stated in the rider. The optional amount will be determined at issue (where "at issue" means the time at which the rider is attached to the base policy). The maximum amount of optional insurance will be the death benefit on the policy at issue. However, any paid-up additions (whether it be from an adds rider or from dividends) that are used to increase the death benefit at the same time the PCR is issued (versus adds which have accumulated to date) will be excluded when determining the maximum optional amount. This is due to system considerations and therefore we should have an exception handling capability. Consider the following New Issue examples: A $1 million base with paid-up adds is issued with a $.25 million of SPAR. The maximum optional amount is $1 million.