Common use of Premium Credit Clause in Contracts

Premium Credit. When the insurance on a dependent child is converted, we will allow a premium credit on the first premium for the new contract. The credit is equal to the lesser of $1.00 for each full $1,000 of the term insurance under this benefit and $1.00 for each full $1,000 of the new contract’s basic amount of insurance. Contract Date The date of the new contract will be the day after the date the insurance on the dependent child is converted. Contract Specifications The new contract will be in the standard, non-smoking rating class. We will set the issue age and the premiums for the new contract in accordance with our regular rules in use on its contract date. Except as we state in the next sentence, the new contract may be any life policy we or the Prudential Insurance Company of America regularly issue on its contract date for the standard, non-smoking rating class, requested amount, issue age, and sex. It may not be: one that insures anyone in addition to the child; one that includes or provides for term insurance, other than extended insurance; or one with any benefit other than the basic insurance benefit and the waiver benefit we refer to below. The basic amount of the new contract may be any amount as long as it is at least $25,000 and not more than five times the amount of insurance on the child’s life under this benefit. If the amount requested is smaller than the smallest amount we would regularly issue on the requested plan, a new contract for as low as $25,000 on the Life Paid Up at Age 85 plan will be issued if you ask. If the new contract requires premium payment to at least age 85, if asked, we will include a benefit for waiving premiums in the event of the disability of the person insured if we would include a waiver benefit in other contracts like the new one. We will not waive any premium under the new contract unless the disability started on or after its contract date. And we will not waive any premium under the new contract unless it has a benefit for waiving premiums in the event of disability, even if we have waived premiums under this contract. Any benefit for waiving premiums in the new contract will be the same one with the same provisions that we put in other contracts like it on the new contract date. In any of these paragraphs, when we refer to other contracts, we mean contracts we would regularly issue on the same plan as the new contract and for the standard, non-smoking rating class, requested amount, issue age and sex. MISCELLANEOUS PROVISIONS Changes The insurance on a dependent child may be changed to a new contract of life insurance other than in accordance with the requirements we state in this form. But this kind of change may be made only if we consent, and will be subject to conditions and charges that are then determined.

Premium Credit. When the insurance on a dependent child is converted, we will allow a premium credit on the first premium for the new contract. The credit is equal to the lesser of $1.00 for each full $1,000 of the term insurance under this benefit and $1.00 for each full $1,000 of the new contract’s 's basic amount of insurance. Contract Date The date of the new contract will be the day after the date the insurance on the dependent child is converted. If a dependent child's coverage is converted, that child's coverage will end at the end of the day before the contract date of the new contract. Contract Specifications The new contract will be in the standard, non-smoking standard rating class. We will set the issue age and the premiums for the new contract in accordance with our regular rules in use on its contract date. We will endorse the new contract to show that the period we state in its Incontestability provision will start on the date coverage of the child began under this benefit. But if this contract was reinstated after the date the coverage began but before the date of the new contract, that period will start on the date of the most recent reinstatement. We will have the right to use the statements that were made to us as the basis for reinstatement to contest the new contract. The period during which we will have that right will be the period we state in the Incontestability provision of the new contract. We will endorse the new contract to show that the period we state in its Suicide Exclusion provision will start on the date coverage of the child began under this benefit. Except as we state in the next sentence, the new contract may be any life or endowment policy we or the Prudential Insurance Company of America regularly issue on its contract date for the standard, non-smoking same rating class, requested amount, issue age, and sex. It may not be: ; a single premium contract; one that insures anyone in addition to the child; one that includes or provides for term insurance, other than extended insurance; one with premiums that increase after a stated time, if its first premium is less than 80% of any later premium; or one with any benefit other than the basic insurance benefit and the waiver benefit we refer to below. A waiver benefit may either waive or pay premiums in the event of the Insured's total disability. The basic amount of the new contract may be any amount you ask for as long as it is at least $25,000 10,000 and not more than five times the amount of insurance on the child’s 's life under this benefit, but the total amount for the child may not exceed the maximum amount allowed by law. If the amount requested you want is smaller than the smallest amount we would regularly issue on the requested planplan you want, we will issue a new contract for as low as $25,000 10,000 on the Life Paid Up at Age 85 plan will be issued Life Paid Up at Age 65 plan if the issue age for the new contract is less than 15 years) if you askask us to. ORD 97320-98 If the new contract requires provides for premium payment to at least age 85, or age 65 if askedthe issue age for it is less than 15 years, we will include a waiver benefit for waiving premiums in the event of the total disability of the person insured if we would include a waiver benefit in other contracts like the new one. We will not waive or pay any premium under the new contract unless the total disability started on or after its contract date. And we will not waive or pay any premium under the new contract unless it has a benefit for waiving premiums in the event of disabilitywaiver benefit, even if we have waived paid premiums under into this contractcontract due to the Insured's total disability. Any waiver benefit for waiving premiums in the new contract will be the same one one, with the same provisions provisions, that we put in other contracts like it on the new its contract date. In any of these paragraphs, when we refer to other contracts, we mean contracts we would regularly issue on the same plan as the new contract and for the standard, non-smoking same rating class, requested amount, issue age and sex. MISCELLANEOUS PROVISIONS Changes The insurance on a dependent child may be changed to a new contract of life insurance other than in accordance with the requirements we state in this form. But this kind of change may be made only if we consent, and will be subject to conditions and charges that are then determined.PROVISIONS

Premium Credit. When the insurance on a dependent child is converted, we will allow a premium credit on the first premium for the new contract. The credit is equal to the lesser of $1.00 for each full $1,000 of the term insurance under this benefit and $1.00 for each full $1,000 of the new contract’s 's basic amount of insurance. Contract Date The date of the new contract will be the day after the date the insurance on the dependent child is converted. Contract Specifications If a dependent child's coverage is converted, that child's coverage will end at the end of the day before the contract date of the new contract. The new contract will be in the standard, non-smoking rating class. We will set the issue age and the premiums for the new contract in accordance with our regular rules in use on its contract date. We will endorse the new contract to show that the period we state in its Incontestability provision will start on the date coverage of the child began under this benefit. But if this contract was reinstated after the date the coverage began but before the date of the new contract, that period will start on the date of the most recent reinstatement. We will have the right to use the statements that were made to us as the basis for reinstatement to contest the new contract. The period during which we will have that right will be the period we state in the Incontestability provision of the new contract. We will endorse the new contract to show that the period we state in its Suicide Exclusion provision will start on the date coverage of the child began under this benefit. Except as we state in the next sentence, the new contract may be any life policy we or the Prudential Insurance Company of America regularly issue on its contract date for the standard, non-smoking rating class, requested amount, issue age, and sex. It may not be: one that insures anyone in addition to the child; one that includes or provides for term insurance, other than extended insurance; or one with any benefit other than the basic insurance benefit and the waiver of monthly charges benefit we refer to below. The basic amount of the new contract may be any amount as long as it is at least $25,000 and not more than five times the amount of insurance on the child’s 's life under this benefit; but the total amount for the child may not exceed the maximum amount allowed by law. If the amount requested is smaller than the smallest amount we would regularly issue on the requested plan, we will make available at least one policy for a new contract for as low as minimum basic amount of $25,000 on the Life Paid Up at Age 85 plan will be issued if you ask25,000. If the new contract requires premium payment to at least age 85, if asked, we will include a benefit for waiving premiums monthly charges in the event of the disability of the person insured if we would include a waiver rider benefit we refer to below in other contracts like the new one. We will not waive any premium under To be eligible for the new contract unless waiver of monthly charges benefit, the disability started must start on or after its the new contract date. And we will not waive any premium monthly charges under the new contract unless it has a benefit for waiving premiums monthly charges in the event of disability, even if we have waived premiums monthly charges under this contract. Any benefit for waiving premiums monthly charges in the new contract will be the same one with the same provisions that we put in other contracts like it on the new contract date. In any of these paragraphs, when we refer to other contracts, we mean contracts we would regularly issue on the same plan as the new contract and for the standard, non-smoking rating class, requested amount, issue age and sex. MISCELLANEOUS PROVISIONS Changes The insurance on a dependent child may be changed to a new contract of life insurance other than in accordance with the requirements we state in this form. But this kind of change may be made only if we consent, and will be subject to conditions and charges that are then determined.VL 182 B-2016