Common use of Premium Limitation Clause in Contracts

Premium Limitation. We will not accept premiums after the Insured’s Age 100, although you may make a loan repayment at any time. We reserve the right to require Evidence of Insurability, satisfactory to us, for any unscheduled premium payment that would result in an immediate increase in the difference between the death benefit and the Accumulated Value. Guideline Premium Limit – This subsection applies only if you have elected the Guideline Premium Test as the Death Benefit Qualification Test. In order for this policy to be treated as life insurance under section 7702 of the Code, the sum of the premiums paid less a portion of any withdrawals, as defined in the Code, may not exceed the greater of: · The Guideline Single Premium; or · The sum of the Guideline Level Premiums to the date of payment. The Guideline Premiums are shown in the Policy Specifications. The Guideline Premiums may change whenever there is a change in the Face Amount of insurance or in other policy benefits. Any such Guideline Premium change will be shown in a supplemental schedule that we will send to you at the time of the change. The Guideline Premiums are used solely to determine the premium limits, beyond which this policy would fail to be classified as life insurance under the Code. Payment of the Guideline Premiums does not guarantee that the policy will never lapse and additional premiums may be necessary to prevent the policy from lapsing in the future. The Guideline Premiums are determined by the rules, which apply to this policy as set forth in the Code. The Guideline Premiums will be revised to conform to any changes in the Code. In the event that a premium payment would exceed such revised limits, we reserve the right to refund the excess payment to you, provided that we may not refuse any premium payment necessary to keep this policy in force. Further, we reserve the right to make distributions from the policy to the extent we deem it necessary to continue to qualify this policy as life insurance under the Code.

Premium Limitation. We will not accept premiums after the Insured’s Age 100, although you may make a loan repayment at any time. We reserve the right to require Evidence of Insurability, satisfactory to us, Insurability for any unscheduled premium payment that would result in an immediate increase in the difference between Net Amount at Risk. If such Evidence of Insurability is not satisfactory, we may limit or refuse the death benefit and the Accumulated Valuepremium payment. Guideline Premium Limit – This subsection applies only if you have elected the Guideline Premium Test as is the Death Benefit Qualification TestTest for your policy. In order for this policy to be treated classified as a life insurance contract under section Section 7702 of the Code, the sum of the premiums paid less a portion of any withdrawals, as defined in the Code, may not exceed the greater of: · • The Guideline Single Premium; or · • The sum of the annual Guideline Level Premiums to the earlier of the date of paymentpayment or the younger Insured’s Age 100. The Guideline Premiums are shown in the Policy Specifications. The Guideline Premiums may change whenever there is a change in the Face Amount of insurance or in certain other policy benefitsbenefits or factors. Any such Guideline Premium change will be shown in a supplemental schedule that we will send to you at the time of the change. The Guideline Premiums are used solely to determine the premium limits, limits beyond which this policy would fail to be classified qualify as a life insurance contract under the Code. Payment of the Guideline Premiums does not guarantee that the policy will never lapse and additional premiums may be necessary to prevent the policy from lapsing in the future. The Guideline Premiums are determined by the rules, which rules that apply to this policy as set forth in the Code. The Guideline Premiums will be revised adjusted to conform to any changes in the Code. In the event that a premium payment would exceed such revised limits, we reserve the right to will refund the excess payment to you, provided that we may not refuse any premium payment necessary to keep this policy in forceIn Force. Further, we reserve the right to make distributions from the policy to the extent we deem it necessary to continue to qualify this policy as a life insurance contract under the Code.

Premium Limitation. We will not accept premiums after the Insured’s Age 100, although you may make a loan repayment at any time. We reserve the right to require Evidence of Insurability, satisfactory to us, Insurability for any unscheduled premium payment that would result in an immediate increase in the difference between Net Amount at Risk. If such Evidence of Insurability is not satisfactory, we may limit or refuse the death benefit and premium payment, unless it is necessary to keep the Accumulated ValuePolicy In Force. Guideline Premium Limit – This subsection applies only if you have elected the Guideline Premium Test as is the Death Benefit Qualification TestTest in Effect. In order for this policy Policy to be treated qualify as a life insurance contract under section Section 7702 of the Code, the sum of the premiums paid less a portion of any withdrawals, as defined specified in the Code, may not exceed the Guideline Premium Limit, which is the greater of: · The Guideline Single Premium; or · The sum of the annual Guideline Level Premiums to the earlier of the date of paymentpayment or the Insured’s Age 100. The Guideline Premiums are shown in the Policy Specifications. The Guideline Premiums may change whenever there is a change in the Total Face Amount of insurance insurance, whether scheduled or in otherwise, or certain other policy benefitsPolicy benefits or factors. Any We will inform you of any such Guideline Premium change will be shown in a supplemental schedule that we will send to you at the time of the change. The Guideline Premiums are used solely to determine the premium limits, limits beyond which this policy Policy would fail to be classified qualify as a life insurance contract under the Code. Payment of the Guideline Premiums does not guarantee that the policy Policy will never lapse and additional premiums may be necessary to prevent the policy Policy from lapsing in the future. The Guideline Premiums are determined by the rules, which rules that apply to this policy Policy as set forth in the Code. The Guideline Premiums will be revised adjusted to conform to any changes in the Code. In To the event extent that a premium payment would exceed such revised limits, we reserve the right to will refund the excess payment to youyou in accordance with the Tax Qualification as Life Insurance section of this Policy, provided that we may not refuse any premium payment necessary to keep this policy in forcePolicy In Force. Further, we reserve the right to make distributions to you from the policy Policy to the extent we deem it necessary to continue to qualify classify this policy Policy as a life insurance contract under the Code, in accordance with the Tax Qualification as Life Insurance section of this Policy.

Premium Limitation. We will not accept premiums after the Insured’s Age 100, although you may make a loan repayment at any time. We reserve the right to require Evidence of Insurability, satisfactory to us, Insurability for any unscheduled premium payment that would result in an immediate increase in the difference between Net Amount at Risk. If such Evidence of Insurability is not satisfactory, we may limit or refuse the death benefit and premium payment, unless it is necessary to keep the Accumulated ValuePolicy In Force. Guideline Premium Limit – This subsection applies only if you have elected the Guideline Premium Test as is the Death Benefit Qualification TestTest specified in the Policy Specifications. In order for this policy Policy to be treated qualify as a life insurance contract under section Section 7702 of the Code, the sum of the premiums paid less a portion of any withdrawals, as defined specified in the Code, may not exceed the Guideline Premium Limit, which is the greater of: · • The Guideline Single Premium; or · ICC15 P15PVA • The sum of the annual Guideline Level Premiums to the earlier of the date of paymentpayment or the Insured’s Age 100. The Guideline Premiums are shown in the Policy Specifications. The Guideline Premiums may change whenever there is a change in the Total Face Amount of insurance insurance, whether scheduled or in otherwise, or certain other policy benefitsPolicy benefits or factors. Any such Guideline Premium change will be shown in a supplemental schedule Supplemental Schedule of Coverage that we will send to you at the time of the change. The Guideline Premiums are used solely to determine the premium limits, limits beyond which this policy Policy would fail to be classified qualify as a life insurance contract under the Code. Payment of the Guideline Premiums does not guarantee that the policy Policy will never lapse and additional premiums may be necessary to prevent the policy Policy from lapsing in the future. The Guideline Premiums are determined by the rules, which rules that apply to this policy Policy as set forth in the Code. The Guideline Premiums will be revised adjusted to conform to any changes in the Code. In To the event extent that a premium payment would exceed such revised limits, we reserve the right to will refund the excess payment to youyou in accordance with the Tax Qualification as Life Insurance section of this Policy, provided that we may not refuse any premium payment necessary to keep this policy in forcePolicy In Force. Further, we reserve the right to make distributions from the policy Policy to the extent we deem it necessary to continue to qualify classify this policy Policy as a life insurance contract under the Code, in accordance with the Tax Qualification as Life Insurance section of this Policy.

Premium Limitation. We will not accept premiums after the Insured’s Age 100, although you may make a loan repayment at any time. We reserve the right to require Evidence of Insurability, satisfactory to us, Insurability for any unscheduled premium payment that would result in an immediate increase in the difference between Net Amount at Risk. If such Evidence of Insurability is not satisfactory, we may limit or refuse the death benefit and premium payment, unless it is necessary to keep the Accumulated ValuePolicy In Force. Guideline Premium Limit – This subsection applies only if you have elected the Guideline Premium Test as is the Death Benefit Qualification TestTest specified in the Policy Specifications. In order for this policy Policy to be treated qualify as a life insurance contract under section Section 7702 of the Code, the sum of the premiums paid less a portion of any withdrawals, as defined specified in the Code, may not exceed the Guideline Premium Limit, which is the greater of: · • The Guideline Single Premium; or · • The sum of the annual Guideline Level Premiums to the earlier of the date of paymentpayment or the younger Insured’s Age 100. The Guideline Premiums are shown in the Policy Specifications. The Guideline Premiums may change whenever there is a change in the Total Face Amount of insurance insurance, whether scheduled or in otherwise, or certain other policy benefitsPolicy benefits or factors. Any such Guideline Premium change will be shown in a supplemental schedule that we will send to you at the time of the change. The Guideline Premiums are used solely to determine the premium limits, limits beyond which this policy Policy would fail to be classified qualify as a life insurance contract under the Code. Payment of the Guideline Premiums does not guarantee that the policy Policy will never lapse and additional premiums may be necessary to prevent the policy Policy from lapsing in the future. The Guideline Premiums are determined by the rules, which rules that apply to this policy Policy as set forth in the Code. The Guideline Premiums will be revised adjusted to conform to any changes in the Code. In To the event extent that a premium payment would exceed such revised limits, we reserve the right to will refund the excess payment to youyou in accordance with the Tax Qualification as Life Insurance section of this Policy, provided that we may not refuse any premium payment necessary to keep this policy in forcePolicy In Force. Further, we reserve the right to make distributions from the policy Policy to the extent we deem it necessary to continue to qualify classify this policy Policy as a life insurance contract under the Code, in accordance with the Tax Qualification as Life Insurance section of this Policy.

Premium Limitation. We will not accept premiums after the Insured’s Age 100, although you may make a loan repayment at any time. We reserve the right to require Evidence of Insurability, satisfactory to us, for any unscheduled premium payment that would result in an immediate increase in the difference between the death benefit and the Accumulated Value. Guideline Premium Limit – This subsection applies only if you have elected the Guideline Premium Test as the Death Benefit Qualification Test. In order for this policy to be treated as life insurance under section 7702 of the Code, the sum of the premiums paid less a portion of any withdrawals, as defined in the Code, may not exceed the greater of: · • The Guideline Single Premium; or · • The sum of the Guideline Level Premiums to the date of payment. The Guideline Premiums are shown in the Policy Specifications. The Guideline Premiums may change whenever there is a change in the Face Amount of insurance or in other policy benefits. Any such Guideline Premium change will be shown in a supplemental schedule that we will send to you at the time of the change. The Guideline Premiums are used solely to determine the premium limits, beyond which this policy would fail to be classified as life insurance under the Code. Payment of the Guideline Premiums does not guarantee that the policy will never lapse and additional premiums may be necessary to prevent the policy from lapsing in the future. The Guideline Premiums are determined by the rules, which apply to this policy as set forth in the Code. The Guideline Premiums will be revised to conform to any changes in the Code. In the event that a premium payment would exceed such revised limits, we reserve the right to refund the excess payment to you, provided that we may not refuse any premium payment necessary to keep this policy in forceIn Force. Further, we reserve the right to make distributions from the policy to the extent we deem it necessary to continue to qualify this policy as life insurance under the Code.

Premium Limitation. We will not accept premiums after the Insured’s Age 100, although you may make a loan repayment at any time. We reserve the right to require Evidence of Insurability, satisfactory to us, Insurability for any unscheduled premium payment that would result in an immediate increase in the difference between Net Amount at Risk. If such Evidence of Insurability is not satisfactory, we may limit or refuse the death benefit and premium payment, unless it is necessary to keep the Accumulated ValuePolicy In Force. Guideline Premium Limit – This subsection applies only if you have elected the Guideline Premium Test as is the Death Benefit Qualification TestTest in Effect. In order for this policy Policy to be treated qualify as a life insurance contract under section Section 7702 of the Code, the sum of the premiums paid less a portion of any withdrawals, as defined specified in the Code, may not exceed the Guideline Premium Limit, which is the greater of: · The Guideline Single Premium; or · The sum of the annual Guideline Level Premiums to the earlier of the date of paymentpayment or the Insured’s Age 100. The Guideline Premiums are shown in the Policy Specifications. The Guideline Premiums may change whenever there is a change in the Total Face Amount of insurance insurance, whether scheduled or in otherwise, or certain other policy benefitsPolicy benefits or factors. Any We will inform you of any such Guideline Premium change will be shown in a supplemental schedule that we will send to you at the time of the change. The Guideline Premiums are used solely to ICC19 P19VUL Page [11] determine the premium limits, limits beyond which this policy Policy would fail to be classified qualify as a life insurance contract under the Code. Payment of the Guideline Premiums does not guarantee that the policy Policy will never lapse and additional premiums may be necessary to prevent the policy Policy from lapsing in the future. The Guideline Premiums are determined by the rules, which rules that apply to this policy Policy as set forth in the Code. The Guideline Premiums will be revised adjusted to conform to any changes in the Code. In To the event extent that a premium payment would exceed such revised limits, we reserve the right to will refund the excess payment to youyou in accordance with the Tax Qualification as Life Insurance section of this Policy, provided that we may not refuse any premium payment necessary to keep this policy in forcePolicy In Force. Further, we reserve the right to make distributions to you from the policy Policy to the extent we deem it necessary to continue to qualify classify this policy Policy as a life insurance contract under the Code, in accordance with the Tax Qualification as Life Insurance section of this Policy.