PREMIUM LIMITATIONS. Premiums may be paid to the Company at any time before the Policy anniversary that is nearest the Insured’s 121st birthday, subject to the limitations in this Policy. After the Policy anniversary nearest the Insured’s 121st birthday, premiums may be paid to the Company to avoid the Policy terminating under Section 4.6. The minimum premium the Company will accept is shown on the Policy Schedule Pages (page 3). The Company will not accept any premium that causes this Policy not to qualify as a life insurance policy under federal tax law. Further, the Company reserves the right to make distributions from this Policy as necessary to continue to qualify this Policy as life insurance under federal tax law. If mandated under applicable law, the Company may reject a premium payment. A premium payment that would increase the Policy’s Death Benefit more than it increases the Policy Value will be accepted only if: • the insurance in force, as increased, will be within the Company’s issue limits; • the Company’s insurability requirements (Section 1.8) are met; and • the premium payment is received prior to the Policy anniversary nearest the Insured’s 85th birthday.
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Samples: Northwestern Mutual Variable Life Account II, Northwestern Mutual Variable Life Account II, Northwestern Mutual Variable Life Account II
PREMIUM LIMITATIONS. Premiums may be paid to the Company at any time before the Policy anniversary that is nearest the Insured’s 121st birthday, subject to the limitations in this Policy. After the Policy anniversary nearest the Insured’s 121st birthday, premiums may be paid to the Company to avoid the Policy terminating under Section 4.6. The minimum premium the Company will accept is shown on the Policy Schedule Pages (page 3). The Company will not accept any premium that causes this Policy not to qualify as a life insurance policy under federal tax law. Further, the Company reserves the right to make distributions from this Policy as necessary to continue to qualify this Policy as life insurance under federal tax law. If mandated under applicable law, the Company may reject a premium payment. A premium payment that would increase the Policy’s Death Benefit more than it increases the Policy Value will be accepted only if: • · the insurance in force, as increased, will be within the Company’s issue limits; • · the Company’s insurability requirements (Section 1.8) are met; and • · the premium payment is received prior to the Policy anniversary nearest the Insured’s 85th birthday.
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