Common use of Date Prepared Clause in Contracts

Date Prepared. [01/01/2008] Insured [Jxxx Xxx] Contract Number [9999999] Premium Expense Charge [5.00%] deducted from each premium payment Monthly Expense Charges Current Expense Charges [$10.00] per month for all Contract Years [Contract Years [1-5] [$0.05] per month per 1,000 of Specified Amount] [Contract Years [6+] [$0.00] per month per 1,000 of Specified Amount] Guaranteed Expense Charges [$10.00] per month for all Contract Years [Contract Years [1-20] [$0.05] per month per 1,000 of Specified Amount] [Contract Years [21+] [$0.00] per month per 1,000 of Specified Amount] Mortality and Expense Risk Charge