Common use of Survival Benefit Clause in Contracts

Survival Benefit. 3.1 If the Life Assured survives at the end of each Policy Year, the Company will pay a survival benefit of 1.55% of the Single Premium at the end of each such Policy Year. The last survival benefit will be payable together with the Maturity Benefit at the end of the final Policy Year. 3.2 When the Survival Benefit is payable, any cash loan attached to the Policy will be deducted from the Survival Benefit before the balance amount is paid.

Appears in 1 contract

Samples: Insurance Policy

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Survival Benefit. 3.1 2.3.1 If the Life Assured survives at the end of each Policy Year, the Company will pay a survival benefit of 1.551.80% of the Single Premium at the end of each such Policy Year. The last survival benefit will be payable together with the Maturity Benefit at the end of the final Policy Year. 3.2 2.3.2 When the Survival Benefit is payable, any cash loan attached to the Policy will be deducted from the Survival Benefit before the balance amount is paidBenefit.

Appears in 1 contract

Samples: Insurance Policy

Survival Benefit. 3.1 If the Life Assured survives at the end of each Policy Year, the Company will pay a survival benefit of 1.552.70% of the Single Premium at the end of each such Policy Year. The last survival benefit will be payable together with the Maturity Benefit at the end of the final Policy Year. 3.2 When the Survival Benefit is payable, any cash loan attached to the Policy will be deducted from the Survival Benefit before the balance amount is paid.

Appears in 1 contract

Samples: Insurance Policy

Survival Benefit. 3.1 2.3.1 If the Life Assured survives is still surviving at the end of each the Policy Year, the Company will pay a survival benefit of 1.551.05% of the Single Premium at the end of each such Policy Year. The last survival benefit will be payable together with the Maturity Benefit at the end of the final Policy Year. 3.2 2.3.2 When the Survival Benefit is payable, any cash loan attached to the Policy will be deducted from the Survival Benefit before the balance amount is paidBenefit.

Appears in 1 contract

Samples: Insurance Policy

Survival Benefit. 3.1 If the Life Assured survives at the end of each Policy Year, the Company will w ill pay a survival benefit of 1.551. 55% of the Single Premium at the end of each such Policy Year. The last survival benefit will w ill be payable together with w ith the Maturity Benefit at the end of the final Policy Year. 3.2 When the Survival Benefit is payable, any cash loan attached to the Policy will w ill be deducted from the Survival Benefit before the balance amount is paid.

Appears in 1 contract

Samples: Insurance Policy

Survival Benefit. 3.1 If the Life Assured survives at the end of each Policy Year, the Company will pay a survival benefit of 1.551.68% of the Single Premium at the end of each such Policy Year. The last survival benefit will be payable together with the Maturity Benefit at the end of the final Policy Year. 3.2 When the Survival Benefit is payable, any cash loan attached to the Policy will be deducted from the Survival Benefit before the balance amount is paid.

Appears in 1 contract

Samples: Insurance Policy

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Survival Benefit. 3.1 If the Life Assured survives at the end of each Policy Year, the Company will w ill pay a survival benefit of 1.551.20% of the Single Premium at the end of each such Policy Year. The last survival benefit will w ill be payable together with w ith the Maturity Benefit at the end of the final Policy Year. 3.2 When the Survival Benefit is payable, any cash loan attached to the Policy will w ill be deducted from the Survival Benefit before the balance amount is paid.

Appears in 1 contract

Samples: Insurance Policy

Survival Benefit. 3.1 If the Life Assured survives at the end of each Policy Year, the Company will pay a survival benefit of 1.551.20% of the Single Premium at the end of each such Policy Year. The last survival benefit will be payable together with the Maturity Benefit at the end of the final Policy Year. 3.2 When the Survival Benefit is payable, any cash loan attached to the Policy will be deducted from the Survival Benefit before the balance amount is paid.

Appears in 1 contract

Samples: Insurance Policy

Survival Benefit. 3.1 If the Life Assured survives at the end of each Policy Year, the Company will pay a survival benefit of 1.551.30% of the Single Premium at the end of each such Policy Year. The last survival benefit will be payable together with the Maturity Benefit at the end of the final Policy Year. 3.2 When the Survival Benefit is payable, any cash loan attached to the Policy will be deducted from the Survival Benefit before the balance amount is paid.

Appears in 1 contract

Samples: Insurance Policy

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