Common use of Basic Face Amount Increase Clause in Contracts

Basic Face Amount Increase. You may submit an Application to increase the Basic Face Amount by adding a new Basic Life Coverage Layer. Your Application must include Evidence of Insurability and is subject to our approval. The effective date of the increased Basic Face Amount will be the first Monthly Payment Date on or next following the date all required conditions are met or any other mutually agreeable Monthly Payment Date. Certain riders may restrict your ability to request unscheduled increases in Coverage Layers. Increases may be allowed more than once per Policy year, however we reserve the right, uniformly for all members of the same Class, to limit Basic Face Amount increases to one per Policy year, to require a minimum increase amount, and to charge a fee to evaluate insurability, not to exceed the Maximum Fee per Evaluation of Insurability shown in the Policy Specifications, for each evaluation. Upon approval of any such increase, a Supplemental Schedule of Coverage will be sent to the Address on Record, which will include the following information: · The increased Face Amount and the effective date of the increase; · The Risk Class for the increase; · The Maximum Monthly Cost of Insurance Rates applicable to the increase; · The Maximum Monthly Coverage Charges for the increase; · If the Guideline Premium Test is the Death Benefit Qualification Test in Effect, the Policy’s new Guideline Premiums; · Any Administrative Charge applicable to the new Coverage Layer; and · The Maximum Surrender Charges for the new Coverage Layer.

Basic Face Amount Increase. You may submit an Application to increase the Basic Face Amount by adding a new Basic Life Coverage Layer. Your Application must include Evidence of Insurability and is subject to our approval. The effective date of the increased Basic Face Amount will be the first Monthly Payment Date on or next following the date all required conditions are met or any other mutually agreeable Monthly Payment DateDate you request and we approve. Certain riders may restrict your ability to request unscheduled increases in Coverage Layers. Increases may be allowed more than once per Policy policy year, however we reserve the right, uniformly for to all members of the same Class, to limit Basic Face Amount increases to one per Policy year, to require a minimum increase amount, and the right to charge a fee to evaluate insurability, not to exceed the Maximum Fee per Evaluation of Insurability amount shown in the Policy Specifications, for each evaluation. Upon approval of any such increase, we will send you a Supplemental Schedule of Coverage will be sent to the Address on RecordCoverage, which will include the following information: · The increased Face Amount and the effective date of the increase; · The Risk Class for the increase; · The Maximum Monthly Cost of Insurance Rates applicable to the increase; · The Maximum Monthly Coverage Charges Charge for the increase; · If the Guideline Premium Test is the Death Benefit Qualification Test in Effectused, the Policy’s new Guideline Premiums; · Any Administrative Charge applicable to the new Coverage Layer; and · The Maximum Surrender Charges Charge Factors for the new Coverage Layer.

Basic Face Amount Increase. You may submit an Application to increase the Basic Face Amount by adding a new Basic Life Coverage Layer. Your Application must include Evidence of Insurability and is subject to our Our approval. The effective date of the increased Basic Face Amount will be the first Monthly Payment Date on or next following the date all required conditions are met or any other mutually agreeable Monthly Payment DateDate You request and We approve. Certain riders may restrict your Your ability to request unscheduled increases in Basic Life Coverage Layers. Increases may be allowed more than once per Policy policy year, however we We reserve the right, uniformly for all members of the same Class, to limit Basic Face Amount increases to one per Policy year, to require a minimum increase amount, and the right to charge a fee to evaluate insurability, not to exceed the Maximum Fee per Evaluation of Insurability amount shown in the Policy Specifications, for each evaluation. Upon approval of any such increase, a Supplemental Schedule of Coverage Coverage, which will include the following information, will be sent to the Address on Record, which will include the following information: · The increased Face Amount and the effective date of the increase; · The Risk Class for the increase; · The Maximum Monthly Cost of Insurance Rates applicable to the increase; · The Maximum Monthly Coverage Charges Charge for the increase; · If the Guideline Premium Test is the Death Benefit Qualification Test in Effectused, the Policy’s new Guideline Premiums; · Any Administrative Charge applicable to the new Coverage Layer; and · The Maximum Surrender Charges Charge Factors for the new Basic Life Coverage Layer.

Basic Face Amount Increase. You may submit an Application to increase the Basic Face Amount by adding a new Basic Life Coverage Layer. Your Application must include Evidence of Insurability and is subject to our approval. The effective date of the increased Basic Face Amount will be the first Monthly Payment Date on or next following the date all required conditions are met or any other mutually agreeable Monthly Payment DateDate you request and we approve. Certain riders may restrict your ability to request unscheduled increases in Coverage Layers. Increases may be allowed more than once per Policy policy year, however we reserve the right, uniformly for to all members of the same Class, to limit Basic Face Amount increases to one per Policy year, to require a minimum increase amount, and the right to charge a fee to evaluate insurability, not to exceed the Maximum Fee per Evaluation of Insurability amount shown in the Policy Specifications, for each evaluation. Upon approval of any such increase, we will send you a Supplemental Schedule of Coverage will be sent to the Address on RecordCoverage, which will include the following information: · The increased Face Amount and the effective date of the increase; · The Risk Class for the increase; · The Maximum Monthly Cost of Insurance Rates applicable to the increase; · The Maximum Monthly Coverage Charges Charge for the increase; and · If the Guideline Premium Test is the Death Benefit Qualification Test in Effectused, the Policy’s new Guideline Premiums; · Any Administrative Charge applicable to the new Coverage Layer; and · The Maximum Surrender Charges for the new Coverage Layer.