Common use of Premium Limitation Clause in Contracts

Premium Limitation. We reserve the right to require Evidence of Insurability for any premium payment that would result in an increase in the Net Amount at Risk. If such Evidence of Insurability is not satisfactory, we may limit or refuse the premium payment. Guideline Premium Limit – This subsection applies only if the Guideline Premium Test is the Death Benefit Qualification Test for your policy. In order for this policy to be classified as a life insurance contract under Section 7702 of the Code, the sum of the premiums paid less a portion of any withdrawals, as defined in the Code, may not exceed the greater of: • The Guideline Single Premium; or • The sum of the annual Guideline Level Premiums to the earlier of the date of payment or the younger Insured’s Age 100. The Guideline Premiums are shown in the Policy Specifications. The Guideline Premiums may change whenever there is a change in the Face Amount of insurance or certain other policy benefits or factors. Any such Guideline Premium change will be shown in a supplemental schedule that we will send to you at the time of the change. The Guideline Premiums are used to determine the premium limits beyond which this policy would fail to qualify as a life insurance contract under the Code. Payment of the Guideline Premiums does not guarantee that the policy will never lapse and additional premiums may be necessary to prevent the policy from lapsing in the future. The Guideline Premiums are determined by the rules that apply to this policy as set forth in the Code. The Guideline Premiums will be adjusted to conform to any changes in the Code. In the event that a premium payment would exceed such revised limits, we will refund the excess payment to you, provided that we may not refuse any premium payment necessary to keep this policy In Force. Further, we reserve the right to make distributions from the policy to the extent we deem necessary to continue to qualify this policy as a life insurance contract under the Code.

Premium Limitation. We reserve the right to require Evidence of Insurability for any premium payment that would result in an increase in the Net Amount at Risk. If such Evidence of Insurability is not satisfactory, we may limit or refuse the premium payment, unless it is necessary to keep the Policy In Force. Guideline Premium Limit – This subsection applies only if the Guideline Premium Test is the Death Benefit Qualification Test for your policyin Effect. In order for this policy Policy to be classified qualify as a life insurance contract under Section 7702 of the Code, the sum of the premiums paid less a portion of any withdrawals, as defined specified in the Code, may not exceed the Guideline Premium Limit, which is the greater of: • · The Guideline Single Premium; or • · The sum of the annual Guideline Level Premiums to the earlier of the date of payment or the younger Insured’s Age 100. The Guideline Premiums are shown in the Policy Specifications. The Guideline Premiums may change whenever there is a change in the Total Face Amount of insurance insurance, whether scheduled or otherwise, or certain other policy Policy benefits or factors. Any We will inform you of any such Guideline Premium change will be shown in a supplemental schedule that we will send to you at the time of the change. The Guideline Premiums are used to determine the premium limits beyond which this policy Policy would fail to qualify as a life insurance contract under the Code. Payment of the Guideline Premiums does not guarantee that the policy Policy will never lapse and additional premiums may be necessary to prevent the policy Policy from lapsing in the future. The Guideline Premiums are determined by the rules that apply to this policy Policy as set forth in the Code. The Guideline Premiums will be adjusted to conform to any changes in the Code. In To the event extent that a premium payment would exceed such revised limits, we will refund the excess payment to youyou in accordance with the Tax Qualification as Life Insurance section of this Policy, provided that we may not refuse any premium payment necessary to keep this policy Policy In Force. Further, we reserve the right to make distributions to you from the policy Policy to the extent we deem necessary to continue to qualify classify this policy Policy as a life insurance contract under the Code, in accordance with the Tax Qualification as Life Insurance section of this Policy.

Premium Limitation. We will not accept premiums after the Insured’s Age 100, although you may make a loan repayment at any time. We reserve the right to require Evidence of Insurability Insurability, satisfactory to us, for any unscheduled premium payment that would result in an immediate increase in the Net Amount at Risk. If such Evidence of Insurability is not satisfactory, we may limit or refuse difference between the premium paymentdeath benefit and the Accumulated Value. Guideline Premium Limit – This subsection applies only if you have elected the Guideline Premium Test is as the Death Benefit Qualification Test for your policyTest. In order for this policy to be classified treated as a life insurance contract under Section section 7702 of the Code, the sum of the premiums paid less a portion of any withdrawals, as defined in the Code, may not exceed the greater of: • · The Guideline Single Premium; or • · The sum of the annual Guideline Level Premiums to the earlier of the date of payment or the younger Insured’s Age 100payment. The Guideline Premiums are shown in the Policy Specifications. The Guideline Premiums may change whenever there is a change in the Face Amount of insurance or certain in other policy benefits or factorsbenefits. Any such Guideline Premium change will be shown in a supplemental schedule that we will send to you at the time of the change. The Guideline Premiums are used solely to determine the premium limits limits, beyond which this policy would fail to qualify be classified as a life insurance contract under the Code. Payment of the Guideline Premiums does not guarantee that the policy will never lapse and additional premiums may be necessary to prevent the policy from lapsing in the future. The Guideline Premiums are determined by the rules that rules, which apply to this policy as set forth in the Code. The Guideline Premiums will be adjusted revised to conform to any changes in the Code. In the event that a premium payment would exceed such revised limits, we will reserve the right to refund the excess payment to you, provided that we may not refuse any premium payment necessary to keep this policy In Forcein force. Further, we reserve the right to make distributions from the policy to the extent we deem it necessary to continue to qualify this policy as a life insurance contract under the Code.

Premium Limitation. We reserve the right to require Evidence of Insurability for any premium payment that would result in an increase in the Net Amount at Risk. If such Evidence of Insurability is not satisfactory, we may limit or refuse the premium payment, unless it is necessary to keep the Policy In Force. Guideline Premium Limit – This subsection applies only if the Guideline Premium Test is the Death Benefit Qualification Test for your policyspecified in the Policy Specifications. In order for this policy Policy to be classified qualify as a life insurance contract under Section 7702 of the Code, the sum of the premiums paid less a portion of any withdrawals, as defined specified in the Code, may not exceed the Guideline Premium Limit, which is the greater of: • The Guideline Single Premium; or ICC15 P15PVA • The sum of the annual Guideline Level Premiums to the earlier of the date of payment or the younger Insured’s Age 100. The Guideline Premiums are shown in the Policy Specifications. The Guideline Premiums may change whenever there is a change in the Total Face Amount of insurance insurance, whether scheduled or otherwise, or certain other policy Policy benefits or factors. Any such Guideline Premium change will be shown in a supplemental schedule Supplemental Schedule of Coverage that we will send to you at the time of the change. The Guideline Premiums are used to determine the premium limits beyond which this policy Policy would fail to qualify as a life insurance contract under the Code. Payment of the Guideline Premiums does not guarantee that the policy Policy will never lapse and additional premiums may be necessary to prevent the policy Policy from lapsing in the future. The Guideline Premiums are determined by the rules that apply to this policy Policy as set forth in the Code. The Guideline Premiums will be adjusted to conform to any changes in the Code. In To the event extent that a premium payment would exceed such revised limits, we will refund the excess payment to youyou in accordance with the Tax Qualification as Life Insurance section of this Policy, provided that we may not refuse any premium payment necessary to keep this policy Policy In Force. Further, we reserve the right to make distributions from the policy Policy to the extent we deem necessary to continue to qualify classify this policy Policy as a life insurance contract under the Code, in accordance with the Tax Qualification as Life Insurance section of this Policy.

Premium Limitation. We reserve the right to require Evidence of Insurability for any premium payment that would result in an increase in the Net Amount at Risk. If such Evidence of Insurability is not satisfactory, we may limit or refuse the premium paymentpayment may be limited or refused, unless it is necessary to keep the Policy In Force. Guideline Premium Limit – This subsection applies only if the Guideline Premium Test is the Death Benefit Qualification Test for your policyin Effect. In order for this policy Policy to be classified qualify as a life insurance contract under Section 7702 of the Code, the sum of the premiums paid less a portion of any withdrawals, as defined specified in the Code, may not exceed the Guideline Premium Limit, which is the greater of: • · The Guideline Single Premium; or • · The sum of the annual Guideline Level Premiums to the earlier of the date of payment or the younger Insured’s Age 100. The Guideline Premiums are shown in the Policy Specifications. The Guideline Premiums may change whenever there is a change in the Basic Face Amount of insurance insurance, whether scheduled or otherwise, or certain other policy Policy benefits or factors. Any We will inform You of any such Guideline Premium change will be shown in a supplemental schedule that we will send to you at the time of the change. The Guideline Premiums are used to determine the premium limits beyond which this policy Policy would fail to qualify as a life insurance contract under the Code. Payment of the Guideline Premiums does not guarantee that the policy Policy will never lapse and additional premiums may be necessary to prevent the policy Policy from lapsing in the future. The Guideline Premiums are determined by the rules that apply to this policy Policy as set forth in the Code. The Guideline Premiums will be adjusted to conform to any changes in the Code. In To the event extent that a premium payment would exceed such revised limits, we will refund the excess payment to youYou in accordance with the Tax Qualification as Life Insurance section of this Policy, provided that we We may not refuse any premium payment necessary to keep this policy Policy In Force. Further, we reserve the right to make distributions to You from the policy Policy to the extent we deem necessary to continue to qualify classify this policy Policy as a life insurance contract under the Code, in accordance with the Tax Qualification as Life Insurance section of this Policy.

Premium Limitation. We reserve the right to require Evidence of Insurability for any premium payment that would result in an increase in the Net Amount at Risk. If such Evidence of Insurability is not satisfactory, we may limit or refuse the premium payment, unless it is necessary to keep the Policy In Force. Guideline Premium Limit – This subsection applies only if the Guideline Premium Test is the Death Benefit Qualification Test for your policyspecified in the Policy Specifications. In order for this policy Policy to be classified qualify as a life insurance contract under Section 7702 of the Code, the sum of the premiums paid less a portion of any withdrawals, as defined specified in the Code, may not exceed the Guideline Premium Limit, which is the greater of: • The Guideline Single Premium; or • The sum of the annual Guideline Level Premiums to the earlier of the date of payment or the younger Insured’s Age 100. The Guideline Premiums are shown in the Policy Specifications. The Guideline Premiums may change whenever there is a change in the Total Face Amount of insurance insurance, whether scheduled or otherwise, or certain other policy Policy benefits or factors. Any such Guideline Premium change will be shown in a supplemental schedule that we will send to you at the time of the change. The Guideline Premiums are used to determine the premium limits beyond which this policy Policy would fail to qualify as a life insurance contract under the Code. Payment of the Guideline Premiums does not guarantee that the policy Policy will never lapse and additional premiums may be necessary to prevent the policy Policy from lapsing in the future. The Guideline Premiums are determined by the rules that apply to this policy Policy as set forth in the Code. The Guideline Premiums will be adjusted to conform to any changes in the Code. In To the event extent that a premium payment would exceed such revised limits, we will refund the excess payment to youyou in accordance with the Tax Qualification as Life Insurance section of this Policy, provided that we may not refuse any premium payment necessary to keep this policy Policy In Force. Further, we reserve the right to make distributions from the policy Policy to the extent we deem necessary to continue to qualify classify this policy Policy as a life insurance contract under the Code, in accordance with the Tax Qualification as Life Insurance section of this Policy.

Premium Limitation. We will not accept premiums after the Insured’s Age 100, although you may make a loan repayment at any time. We reserve the right to require Evidence of Insurability Insurability, satisfactory to us, for any unscheduled premium payment that would result in an immediate increase in the Net Amount at Risk. If such Evidence of Insurability is not satisfactory, we may limit or refuse difference between the premium paymentdeath benefit and the Accumulated Value. Guideline Premium Limit – This subsection applies only if you have elected the Guideline Premium Test is as the Death Benefit Qualification Test for your policyTest. In order for this policy to be classified treated as a life insurance contract under Section section 7702 of the Code, the sum of the premiums paid less a portion of any withdrawals, as defined in the Code, may not exceed the greater of: • The Guideline Single Premium; or • The sum of the annual Guideline Level Premiums to the earlier of the date of payment or the younger Insured’s Age 100payment. The Guideline Premiums are shown in the Policy Specifications. The Guideline Premiums may change whenever there is a change in the Face Amount of insurance or certain in other policy benefits or factorsbenefits. Any such Guideline Premium change will be shown in a supplemental schedule that we will send to you at the time of the change. The Guideline Premiums are used solely to determine the premium limits limits, beyond which this policy would fail to qualify be classified as a life insurance contract under the Code. Payment of the Guideline Premiums does not guarantee that the policy will never lapse and additional premiums may be necessary to prevent the policy from lapsing in the future. The Guideline Premiums are determined by the rules that rules, which apply to this policy as set forth in the Code. The Guideline Premiums will be adjusted revised to conform to any changes in the Code. In the event that a premium payment would exceed such revised limits, we will reserve the right to refund the excess payment to you, provided that we may not refuse any premium payment necessary to keep this policy In Force. Further, we reserve the right to make distributions from the policy to the extent we deem it necessary to continue to qualify this policy as a life insurance contract under the Code.

Premium Limitation. We reserve the right to require Evidence of Insurability for any premium payment that would result in an increase in the Net Amount at Risk. If such Evidence of Insurability is not satisfactory, we may limit or refuse the premium payment, unless it is necessary to keep the Policy In Force. Guideline Premium Limit – This subsection applies only if the Guideline Premium Test is the Death Benefit Qualification Test for your policyin Effect. In order for this policy Policy to be classified qualify as a life insurance contract under Section 7702 of the Code, the sum of the premiums paid less a portion of any withdrawals, as defined specified in the Code, may not exceed the Guideline Premium Limit, which is the greater of: • · The Guideline Single Premium; or • · The sum of the annual Guideline Level Premiums to the earlier of the date of payment or the younger Insured’s Age 100. The Guideline Premiums are shown in the Policy Specifications. The Guideline Premiums may change whenever there is a change in the Total Face Amount of insurance insurance, whether scheduled or otherwise, or certain other policy Policy benefits or factors. Any We will inform you of any such Guideline Premium change will be shown in a supplemental schedule that we will send to you at the time of the change. The Guideline Premiums are used to ICC19 P19VUL Page [11] determine the premium limits beyond which this policy Policy would fail to qualify as a life insurance contract under the Code. Payment of the Guideline Premiums does not guarantee that the policy Policy will never lapse and additional premiums may be necessary to prevent the policy Policy from lapsing in the future. The Guideline Premiums are determined by the rules that apply to this policy Policy as set forth in the Code. The Guideline Premiums will be adjusted to conform to any changes in the Code. In To the event extent that a premium payment would exceed such revised limits, we will refund the excess payment to youyou in accordance with the Tax Qualification as Life Insurance section of this Policy, provided that we may not refuse any premium payment necessary to keep this policy Policy In Force. Further, we reserve the right to make distributions to you from the policy Policy to the extent we deem necessary to continue to qualify classify this policy Policy as a life insurance contract under the Code, in accordance with the Tax Qualification as Life Insurance section of this Policy.