Common use of Right of Exchange Clause in Contracts

Right of Exchange. Within 24 months from the Policy Date, you may exchange this policy for a new policy on the life of the Insured. We will not require evidence of insurability for this exchange. A new policy means the policy for which this policy may be exchanged.

Right of Exchange. Within 24 months from the Policy Date, you may exchange this policy Policy for a new policy on the life of the Insured. We will not require evidence of insurability for this exchange. A new New policy means the policy for which this policy Policy may be exchanged. The new policy will not be affected by the investment experience of any separate investment account.