Premium Allocation. The Owner has the right to designate the allocation of net premiums among the General Account and the Sub-Accounts of the Separate Account. The initial allocation is shown in the Data Section. That portion of the premium due on the Date of Issue which is allocated to the General Account will be transferred to the General Account upon receipt. However, any portion of the premium due on the Date of Issue which is allocated to a Sub-Account of the Separate Account will be held in the Money Market Fund Sub-Account until the later of:
Appears in 3 contracts
Sources: Life Insurance Policy (National Variable Life Insurance Account), Life Insurance Policy (National Variable Life Insurance Account), Life Insurance Policy (National Variable Life Insurance Account)