RIGHT TO RETURN POLICY Clause Samples
RIGHT TO RETURN POLICY. If not satisfied with this policy, the Owner may return it for cancellation within 30 days after receipt by the Owner. The policy must be returned to the sales representative who sold it or to our Home Office. The policy will then be void from the beginning, and any premium paid for it will be refunded to the Owner.
RIGHT TO RETURN POLICY. Please read this Policy carefully. The Policy may be returned by the Owner for any reason within ten days after it was received. If this Policy is a replacement (as indicated on the application attached to this Policy), the Policy may be returned by the Owner for any reason within thirty days after it was received. The Policy may be returned to the Northwestern Mutual agent who sold it to you or to the Company at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (“Home Office”), ▇▇▇-▇▇▇-▇▇▇▇. If returned, the Policy will be considered void from the beginning. The Company will refund the sum of (a) the Contract Fund Value on the date the returned Policy is received at the Home Office plus (b) any Premium Expense Charge, Monthly Policy Charge and service charges deducted under this Policy.
RIGHT TO RETURN POLICY. In the event the Policyholder/Insured is not satisfied with the Group Policy/Confirmation of Cover for any reason, the Policyholder/Insured may cancel this Group Policy/Confirmation of Cover by advising the Company in writing within five (5) Days after receipt of this Group Policy/Confirmation of Cover. Any premium paid will be refunded during this period. The Insured will not receive a premium refund if the Insured has made a claim during this period. This Group Policy shall be governed by and construed in accordance with the laws of Philippines.
RIGHT TO RETURN POLICY. Please read this Policy carefully. The Policy may be returned by the Owner for any reason within ten days after it was received. If this Policy is a replacement (as indicated on the application attached to this Policy), the Policy may be returned by the Owner for any reason within thirty days after it was received. The Policy may be returned to the Northwestern Mutual agent who sold it to you or to the Company at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (“Home Office”), ▇▇▇-▇▇▇-▇▇▇▇. If returned, the Policy will be considered void from the beginning. The Company will refund the sum of (a) the Contract Fund Value on the date the returned Policy is received at the Home Office plus (b) any Premium Expense Charge, Monthly Policy Charge and service charges deducted under this Policy. Insured 20{▇▇▇▇ ▇. ▇▇▇} Issue Age 22{and Sex} 23{35} 24{Male} Policy Date 21{November 1, 2019} Policy Number 25{00 000 000} Plan Northwestern Mutual Specified Amount $2{350,000.00} Executive Variable Universal Life • Section 1.1 Life Insurance Benefit 9 • Section 1.2 Entire Contract; Changes 9 • Section 1.3 Incontestability 9 • Section 1.4 Suicide 10 • Section 1.5 Policy Date, Date of Issue, and Attained Age 10 • Section 1.6 Misstatement 10 • Section 1.7 Payments by the Company 10 • Section 1.8 Insurability Requirements 10 • Section 1.9 Reports to Owner 11 • Section 1.10 Processing Requirements 11 • Section 1.11 Qualification as a Life Insurance Contract 11 • Section 2.1 The Owner 12 • Section 2.2 Transfer of Ownership 12 • Section 2.3 Naming and Changing a Successor Owner 12 • Section 2.4 Collateral Assignment 13 • Section 3.1 Death Benefit 13 • Section 3.2 Death Benefit Options 13 • Section 3.3 Death Benefit Option Changes 14 • Section 3.4 Changes in Specified Amount 15 • Section 3.5 Death Benefit Guarantee 15 • Section 4.1 Premium Payment 16 • Section 4.2 Net Premium 16 • Section 4.3 Allocation of Net Premiums and Subsequent Transfers 16 • Section 4.4 Premium Limitations 17 • Section 4.5 Premium Allocation and Transfer Limitations 18 • Section 4.6 Grace Period 19 • Section 4.7 Reinstatement 20 • Section 5.1 Dividends 20 • Section 5.2 Use of Annual Dividends 21 • Section 5.3 Dividend at Death 21 • Section 6.1 The Separate Account 21 • Section 6.2 The Account Divisions 22 • Section 6.3 Funds and Portfolios 22 • Section 6.4 Valuation Date and Valuation Period 22
RIGHT TO RETURN POLICY. In the event You are not satisfied with the Policy for any reason, it may be returned to the Company for cancellation within fourteen (14) days after your receipt of the Policy. Any premium paid by You will be refunded without interest. In such case, this Policy shall be deemed to have been void from the inception and the Company shall not be liable under this Policy for any claim.
RIGHT TO RETURN POLICY. In the event the Policyholder/Insured is not satisfied with the Group Policy/Confirmation of Cover for any reason, the Policyholder/Insured may cancel this Group Policy/Confirmation of Cover by advising the Company in writing within seven (7) days after receipt of this Group Policy/Confirmation of Cover. Any premium paid will be refunded during this period. The Policyholder/Insured will not receive a full refund if the Insured has made a claim during this period.
RIGHT TO RETURN POLICY. Please read this Policy carefully. The Policy may be returned by the Owner for any reason within ten days after it was received. The Policy may be returned to the Northwestern Mutual agent who sold it to you or to the Company at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ( " Home Office" ). If returned, the Policy will be considered void from the beginning. Any premium paid will be refunded. POLICY SCHEDULE PAGES
RIGHT TO RETURN POLICY. Please read this Policy carefully. The Policy may be returned by the Owner for any reason within ten days after it was received. If this Policy is a replacement (as indicated on the application attached to this Policy), the Policy may be returned by the Owner for any reason within sixty days after it was received. The Policy may be returned to the Northwestern Mutual agent who sold it to you or to the Company at 7▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (“Home Office”), 4▇▇-▇▇▇-▇▇▇▇. If returned, the Policy will be considered void from the beginning. The Company will refund the sum of (a) the Contract Fund Value on the date the returned Policy is received at the Home Office plus (b) any Premium Expense Charge, Monthly Policy Charge and service charges deducted under this Policy. Insured 1{J▇▇▇ ▇. ▇▇▇} Issue Age and Sex 3{35} 4{Male} Policy Date 2{November 1, 2019} Policy Number 5{00 000 000} Plan Northwestern Mutual Flexible Specified Amount $6{350,000.00} Premium Variable Universal Life UU.VULP.(1019)