Common use of PREMIUM SUSPENSION Clause in Contracts

PREMIUM SUSPENSION. A policy qualifies for premium suspension if at the end of the grace period: o the Excess Amount as of 25 days prior to the previous policy anniversary is greater than or equal to one year's minimum premium plus one year's premium for any additional benefits; o the Company determines that the Policy Value 25 days prior to the previous policy anniversary is greater than the sum of (a) plus (b) where:

Appears in 4 contracts

Samples: Northwestern Mutual Variable Life Account, Northwestern Mutual Variable Life Account, Northwestern Mutual Variable Life Account

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