POLICY CHARGES. Monthly Deduction — The Monthly Deduction provides coverage for the policy month following the Monthly Payment Date and is deducted from the Accumulated Value on each such date before the Monthly Deduction End Date. It is equal to the sum of the following items: • The Cost of Insurance Charge • The Administrative Charge • The Coverage Charge • The Asset Charge • Rider or benefit charges, if any The maximum for each such charge is described below or in the rider or benefit forms. We may charge less than such maximum charge. Any lesser charge will apply uniformly to all members of the same Class. We may profit from such charges, and may use those profits for any lawful purpose, such as the payment of distribution and administrative expenses. The Monthly Deduction will be charged on the Monthly Payment Date proportionately to the Accumulated Value in each Investment Option. There are no Monthly Deductions on and after the Monthly Deduction End Date, which is shown in the Policy Specifications.
POLICY CHARGES. Monthly Deduction – The Monthly Deduction provides coverage for the Policy month following the Monthly Payment Date and is deducted from the Accumulated Value on each such date before the Monthly Deduction End Date. It is equal to the sum of all of the following items: • The Cost of Insurance Charge • The Administrative Charge • The Coverage Charge • The Indexed Fixed Account Option Charge • Rider or benefit charges, if any The maximum for each such charge is described below or in the rider or benefit forms. We may charge less than such maximum charge. Any lesser charge will apply uniformly to all members of the same Class. The Cost of Insurance Charge and the Coverage Charge can be adjusted by us in our sole and exclusive discretion and such adjustment can be based on our experience factors such as investment earnings, mortality, persistency, taxes, and expenses, but will not exceed the maximums as shown in the Policy Specifications. We may profit from such charges, and may use those profits for any lawful purpose, such as the payment of distribution and administrative expenses. The Monthly Deduction is deducted from the Policy’s Investment Options. Unless you provide otherwise, the Monthly Deduction will be processed as an Account Deduction. There are no Monthly Deductions on and after the Monthly Deduction End Date, which is shown in the Policy Specifications.
POLICY CHARGES. Monthly Deduction – The Monthly Deduction provides coverage for the policy month following the Monthly Payment Date and is deducted from the Accumulated Value on each such date before the Monthly Deduction End Date. It is equal to the sum of the following items: • The Cost of Insurance Charge; • The Administrative Charge; • The Coverage Charge; • The Indexed Fixed Account Option Charge; and • Rider or benefit charges, if any. The maximum for each such charge is described below or in the rider or benefit forms. We may charge less than such maximum charge. Any lesser charge will apply uniformly to all members of the same Class. We may profit from such charges, and may use those profits for any lawful purpose, such as the payment of distribution and administrative expenses. The Monthly Deduction is deducted from the policy’s Investment Options. Unless you provide otherwise, the Monthly Deduction will be processed as an Account Deduction. There are no Monthly Deductions on and after the Monthly Deduction End Date, which is shown in the Policy Specifications.
POLICY CHARGES. This Policy is a non-linked non-participating individual life insurance savings plan and therefore, Part E is not applicable to this Policy.
POLICY CHARGES. Monthly Deduction – The Monthly Deduction provides coverage for the policy month following the Monthly Payment Date and is deducted from the Accumulated Value on each such date before the Monthly Deduction End Date. It is equal to the sum of the following items: • the Cost of Insurance Charge; • the Administrative Charge; • the Coverage Charge; • the Asset Charge; • rider or benefit charges, if any. The maximum for each such charge is described below or in the rider or benefit forms. We may charge less than such maximum charge. Unless you have made a Written Request to the contrary, the Monthly Deduction will be charged on the Monthly Payment Date proportionately to the Accumulated Value in each Investment Option. There are no Monthly Deductions on and after the Monthly Deduction End Date, which is shown in the Policy Specifications.
POLICY CHARGES. Monthly Deduction - A Monthly Deduction for a policy month is due on each Monthly Payment Date and is equal to the sum of the following items: - the monthly Cost of Insurance Charge; - the Mortality and Expense Risk Charge; - the Administrative Charge; - the Tax Charge, if any, and - rider charges, if any. Unless you request otherwise in writing, the Monthly Deduction will be charged proportionately to the Accumulated Value in each Variable Account and the Fixed Account on the Monthly Payment Date. Cost of Insurance Charge - Beginning on the Policy Date and monthly thereafter, there will be a Cost of Insurance Charge against the Accumulated Value. The Cost of Insurance Charge Rates are based on the insureds' Age, sex, risk classification, and the policy duration. The current monthly Cost of Insurance Rates will be determined by us. The rates will never exceed the Guaranteed Maximum Monthly Cost of Insurance Rates shown on the Policy Specifications pages. The Guaranteed Maximum Monthly Cost of Insurance Charge for each policy month is determined by multiplying the Guaranteed Maximum Monthly Cost of Insurance Rate by the net amount at risk. Net amount at risk is the difference between the Death Benefit and the Accumulated Value, each calculated at the beginning of the policy month. Any change in the Cost of Insurance Charge Rates will apply uniformly to all members of the same class. Mortality and Expense Risk Charge - Beginning on the Policy Date and monthly thereafter, there will be a charge equal to .00075 (.90% annually) in the first 10 policy years and .000583333 (.70% annually) thereafter, multiplied by the Accumulated Value of the Variable and Fixed Accounts at the beginning of the policy month. The Mortality and Expense Risk Charge is to compensate us for the risk we assume that mortality and expenses will be greater than estimated. Administrative Charge - Beginning on the Policy Date and monthly thereafter, there will be a charge equal to .00025 (.30% annually) in all policy years, multiplied by the Accumulated Value of the Variable and Fixed Accounts at the beginning of the policy month. If the Accumulated Value is less than $50,000 on a policy anniversary, we will charge an additional $40.00 fee on that Monthly Payment Date. Tax Charge - Beginning on the Policy Date and monthly thereafter, there will be a charge equal to .000333333 (.40% annually) in the first 10 policy years, multiplied by the Accumulated Value at the beginning of the policy mont...
POLICY CHARGES. Monthly Deduction — The Monthly Deduction provides coverage for the policy month following the Monthly Payment Date and is deducted from the Accumulated Value on each such date before the Monthly Deduction End Date. It is equal to the sum of the following items: • the Cost of Insurance Charge; • the Administrative Charge; • the Coverage Charge; • the Asset Charge; • rider or benefit charges, if any. The maximum for each such charge is described below or in the rider or benefit forms. We may charge less than such maximum charge. Unless you have made a Written Request to the contrary, the Monthly Deduction will be charged on the Monthly Payment Date proportionately to the Accumulated Value in each Investment Option. There are no Monthly Deductions on and after the Monthly Deduction End Date, which is shown in the Policy Specifications. Cost of Insurance Charge — The Cost of Insurance Charge is equal to (1) multiplied by (2), where:
POLICY CHARGES. Monthly Deduction – A Monthly Deduction for a policy month is due on each Monthly Payment Date prior to the Insured’s Age 100 and is equal to the sum of the following: • the Cost of Insurance Charge. • the Face Amount Charge; • the Administrative Charge; • the Mortality and Expense Risk Charge; and • Rider or benefit charges, if any. Each such charge is described below or in the rider or benefit forms and is the guaranteed maximum that we may charge. We may charge less than such guaranteed maximum charges. Any lesser charge will apply uniformly to all members of the same Class. Unless you have made a Written Request to the contrary, the Monthly Deduction will be charged proportionately to the Accumulated Value in each Investment Option. Beginning at Age 100, there is no Monthly Deduction. Cost of Insurance Charge – The Cost of Insurance Charge is equal to the sum of the Cost of Insurance Charges for each Coverage Segment. For each Coverage Segment, the Guaranteed Maximum Cost of Insurance Charge is equal to (1) multiplied by (2), with the result divided by $1,000, where:
POLICY CHARGES. Monthly Deduction — The Monthly Deduction provides coverage for the policy month following the Monthly Payment Date and is deducted from the Accumulated Value on each such date before the Monthly Deduction End Date. It is equal to the sum of the following items: • the Cost of Insurance Charge; • the Administrative Charge; • the Coverage Charge; • the Asset Charge; • rider or benefit charges, if any. The maximum for each such charge is described below or in the rider or benefit forms. We may charge less than such maximum charge. Unless you have made a Written Request to the contrary, the Monthly Deduction will be charged on the Monthly Payment Date proportionately to the Accumulated Value in each Investment Option. There are no Monthly Deductions on and after the Monthly Deduction End Date, which is shown in the Policy Specifications. Cost of Insurance Charge — The Cost of Insurance Charge is equal to (1) multiplied by (2), where: (1) is the Maximum Monthly Cost of Insurance Rate divided by 1000; and (2) is the Net Amount at Risk. Cost of Insurance Rates — The Maximum Monthly Cost of Insurance Rates are shown in the Policy Specifications. We may use Cost of Insurance Rates less than the maximum rates. Any lesser rate will apply uniformly to all members of the same Class.
POLICY CHARGES. Monthly Deduction — Before the Monthly Deduction End Date, a Monthly Deduction for a policy month is due on each Monthly Payment Date and is equal to the sum of the following items: • the Sum of the Cost of Insurance Charge for each Coverage Layer; • the Sum of the Coverage Charge for each Coverage Layer; • the Asset Charge; • the Administrative Charge; and • rider or benefit charges, if any. The guaranteed maximum for each such charge is described below or in the rider or benefit forms. We may charge less than such guaranteed maximum charge. Any lesser charge will apply uniformly to all members of the same Class. Unless you have made a Written Request to the contrary, the Monthly Deduction will be charged on the Monthly Payment Date proportionately to the Accumulated Value in each Investment Option. Beginning on the Monthly Deduction End Date, there will be no Monthly Deduction. Cost of Insurance Charge — The Cost of Insurance Charge for each Coverage Layer is equal to (1) multiplied by (2), where:
