Common use of PAYMENT OF POLICY BENEFITS Clause in Contracts

PAYMENT OF POLICY BENEFITS. 15.1 PAYMENT OF THE LIFE INSURANCE BENEFIT The Life Insurance Benefit will be paid as set forth in Section 14 in a lump sum or into an income plan made available by the Company, if any. Xxxxxx plans may be elected as follows:

Appears in 4 contracts

Samples: Northwestern Mutual Variable Life Account II, Northwestern Mutual Variable Life Account II, Northwestern Mutual Variable Life Account II

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PAYMENT OF POLICY BENEFITS. 15.1 14.1 PAYMENT OF THE LIFE INSURANCE BENEFIT The Life Insurance Benefit will be paid as set forth in Section 14 13 in a lump sum or into unless an income plan made available by the Company, if any, is elected. Xxxxxx plans may be elected as follows:

Appears in 1 contract

Samples: Northwestern Mutual Variable Life Account II

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PAYMENT OF POLICY BENEFITS. 15.1 14.1 PAYMENT OF THE LIFE INSURANCE BENEFIT The Life Insurance Benefit will be paid as set forth in Section 14 13 in a lump sum or into unless an income plan made available by the Company, if any, is elected. Xxxxxx Ixxxxx plans may be elected as follows:

Appears in 1 contract

Samples: Northwestern Mutual Variable Life Account II

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