AUTOMATIC INCREASE RIDER Clause Samples
AUTOMATIC INCREASE RIDER. The reinsurance premium rates for the Automatic Increase rider are shown in Section 2.d of Schedule B. The Automatic Increase Rider will be fully underwritten by the Ceding Company at policy issue. The insured designates the percentage by which the policy may be increased. Such increase can be exercised once each year by the policy owner; however, the ultimate specified amount can not be any greater than twice the original specified amount. If the insured declines any amount of the increase, they may not, at a later date, exercise the Automatic Increase Rider for the portion of the increase that they declined.
AUTOMATIC INCREASE RIDER. Only available at issue; increase death benefit 5-10% a year. Base policy point-in-scale reinsurance rates for additional insurance. u) Individual Term Rider: New underwriting required. Reinsurance premium is the same as base rate.
AUTOMATIC INCREASE RIDER. The dollar limits specified above are inclusive of any scheduled increases, for policies issued with the Automatic Increase Rider.
AUTOMATIC INCREASE RIDER. Standard annual reinsurance premiums, per $1000 reinsured under the Automatic Increase Rider, shall be the following percentages of the 75 - 80 Select Mortality Table rates attached to this Schedule B.1 as Exhibit B.1.I. Single life rates are then Frasierized, as determined in Exhibit B.1.