Common use of Minimum Policy Clause in Contracts

Minimum Policy. No first-year commissions will be paid or premium credit allowed on any new life insurance policy with a face amount of less than $10,000 with the exception of Guaranteed Purchase Option riders.

Minimum Policy. No first-year commissions will be paid or premium credit allowed on any new life insurance policy with a face amount of less than $10,000 with 5,000 except new life insurance on the exception of Guaranteed Purchase Option ridersChildrens Term Policy.