CONTRIBUTION PAYMENTS. Planned Contributions as shown in the Policy Rider attached will be payable to MetLife, according to a mode of contribution payments that has been selected by the Policyholder. The amount of the Planned Contributions may be changed by the Policyholder from time to time. The Policyholder may skip Planned Contribution payments or change their frequency and amount if the Cash Surrender Value is large enough to pay the next Plan Deduction due. The Policyholder's first contribution may not be less than the Planned Contribution. Any contribution that is not a Planned Contribution is an Unplanned Contribution. Unplanned Contributions by the Policyholder cannot be less than the Minimum Unplanned Contribution indicated in the Policy Rider attached. MetLife reserves the right not to accept an Unplanned Contribution to the Fixed Account for up to 6 months from the date a partial Cash Withdrawal is paid from the Fixed Account to the Policyholder; however MetLife will accept an Unplanned Contribution if such Contribution is needed to keep the insurance coverage in force. See the Partial Cash Withdrawal provision.
Appears in 2 contracts
Sources: Memorandum of Understanding (PROCTER & GAMBLE Co), Memorandum of Understanding (PROCTER & GAMBLE Co)