Common use of Premium Payments Clause in Contracts

Premium Payments. All premium payments or other monies payable for the Policies and Contracts shall be paid or remitted in full by or on behalf of Policy owners directly to ETLIC or its designated servicing agent together with such applications, forms and other documentation as may be required by ETLIC. Checks or money orders in payment of premiums or other monies payable shall be drawn to the order of "EquiTrust Life Insurance Company." ETLIC will retain all such payments except to the extent such payments are allocated to the Accounts.

Premium Payments. All premium payments or other monies payable for the Policies and Contracts shall be paid or remitted in full by or on behalf of Policy and Contract owners directly to ETLIC or its designated servicing agent together with such applications, forms and other documentation as may be required by ETLIC. Checks or money orders in payment of premiums or other monies payable shall be drawn to the order of "“EquiTrust Life Insurance Company." ” ETLIC will retain all such payments except to the extent such payments are allocated to the Accounts.