Common use of Life Insurance Benefit Clause in Contracts

Life Insurance Benefit. The Northwestern Mutual Life Insurance Company (“the Company”) will pay the Life Insurance Benefit on the death of the Insured while this Policy is in force. Subject to the terms and conditions of this Policy, the payment of the Life Insurance Benefit will be: • made after proof of the death of the Insured is received at the Home Office; and • made to the Beneficiaries (Section 14) except as provided in any collateral assignment (Section 2.4). The amount of the Life Insurance Benefit will be: • the Death Benefit (Section 3.1); less • the amount of any Policy Debt (Section 10.3); less • the amount of any Adjustments to Life Insurance Benefit During Grace Period (Section 4.6). The Life Insurance Benefit will be determined as of the date of the Insured’s death except as provided in Section 2.1 with respect to when the Owner exercises any rights after the death of the Insured. The Life Insurance Benefit may be adjusted for misstatements (Section 1.6). In the event of death by suicide, the impact on the Policy will be as described in Section 1.4.

Life Insurance Benefit. The Northwestern Mutual Life Insurance Company (“the Company”) will pay the Life Insurance Benefit on the death of the Insured while this Policy is in force. Subject to the terms and conditions of this Policy, the payment of the Life Insurance Benefit will be: • · made after proof of the death of the Insured is received at the Home Office; and • · made to the Beneficiaries (Section 1413) except as provided in any collateral assignment (Section 2.4). The amount of the Life Insurance Benefit will be: • · the Death Benefit (Section 3.1); less • · the amount of any Policy Debt (Section 10.39.3); less • · the amount of any Adjustments to Life Insurance Benefit During Grace Period (Section 4.6). The Life Insurance Benefit will be determined as of the date of the Insured’s death except as provided in Section 2.1 with respect to when the Owner exercises any rights after the death of the Insured. The Life Insurance Benefit may be adjusted for misstatements (Section 1.6). In the event of death by suicide, the impact on the Policy will be as described in Section 1.4.

Life Insurance Benefit. The Northwestern Mutual Life Insurance Company (“the Company”) will pay the Life Insurance Benefit on the death of the Insured while this Policy is in force. Subject to the terms and conditions of this Policy, the payment of the Life Insurance Benefit will be: • made after proof of the death of the Insured is received at the Home Office; and • made to the Beneficiaries (Section 1413) except as provided in any collateral assignment (Section 2.4). The amount of the Life Insurance Benefit will be: • the Death Benefit (Section 3.1); less • the amount of any Policy Debt (Section 10.39.3); less • the amount of any Adjustments to Life Insurance Benefit During Grace Period (Section 4.6). The Life Insurance Benefit will be determined as of the date of the Insured’s death except as provided in Section 2.1 with respect to when the Owner exercises any rights after the death of the Insured. The Life Insurance Benefit may be adjusted for misstatements (Section 1.6). In the event of death by suicide, the impact on the Policy will be as described in Section 1.4.