Premium Allocation. Any Net Premium we receive before your Policy has been placed In Force will be allocated to a money market variable account, or a successor Account identified by us for such purpose. When all outstanding requirements to place your Policy In Force have been satisfied, the Accumulated Value will be transferred according to the most recent premium allocation instructions we have received from you. If your Policy provides for a full refund of premium upon exercise of the Free Look Right, then transfer to the Investment Options will occur on the Free Look Transfer Date. After the initial transfer to the Investment Options, any Net Premium we receive will be allocated to the Investment Options according to the most recent premium allocation instructions we have received from you, and per the terms of this Policy.
Appears in 4 contracts
Samples: Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins), Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins), Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins)
Premium Allocation. Any Net Premium we receive before your Policy has been placed In Force will be allocated to a money market variable accountthe Cash Management Variable Account, or a successor Account identified by us for such purpose. When all outstanding requirements to place your Policy In Force have been satisfied, the Accumulated Value will be transferred according to the most recent premium allocation instructions we have received from you. If your Policy provides for a full refund of premium upon exercise of the Free Look Right, then transfer to the Investment Options will occur on the Free Look Transfer Date. After the initial transfer to the Investment Options, any Net Premium we receive will be allocated to the Investment Options according to the most recent premium allocation instructions we have received from you, and per the terms of this Policy.
Appears in 2 contracts
Samples: Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins), Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins)
Premium Allocation. Any Net Premium we receive before your Policy policy has been placed In Force will be allocated to a money market variable accountthe Cash Management Variable Account, or a successor Account account identified by us for such purpose. When all outstanding requirements to place your Policy policy In Force have been satisfied, the Accumulated Value will be transferred according to the most recent premium allocation instructions we have received from you. If your Policy policy provides for a full refund of premium upon exercise of the Free Look Right, then transfer to the Investment Options will occur on the Free Look Transfer Date. After the initial transfer to the Investment Options, any Net Premium we receive will be allocated to the Investment Options according to the most recent premium allocation instructions we have received from you, and per the terms of this Policypolicy.
Appears in 1 contract
Samples: Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins)
Premium Allocation. Any Net Premium we receive before your Policy has been placed In Force will be allocated to a money market variable accountthe Cash Management Variable Account, or a successor Account identified by us for such purpose. When all outstanding requirements to place your Policy In Force have been satisfied, the Accumulated Value will be transferred according to the most recent premium allocation instructions we have received from you. If your Policy provides for a ICC13 P13SVL Page 28 full refund of premium upon exercise of the Free Look Right, then transfer to the Investment Options will occur on the Free Look Transfer Date. After the initial transfer to the Investment Options, any Net Premium we receive will be allocated to the Investment Options according to the most recent premium allocation instructions we have received from you, and per the terms of this Policy.
Appears in 1 contract
Samples: Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins)
