Right To Return Contract Clause Samples
The Right to Return Contract clause grants one or both parties the ability to return goods or services after purchase under specified conditions. Typically, this clause outlines the timeframe for returns, the condition in which items must be returned, and any associated costs or procedures, such as restocking fees or required documentation. Its core function is to provide flexibility and assurance to buyers, reducing the risk of dissatisfaction and disputes by clearly defining the process and terms for returning products or services.
Right To Return Contract. Please read this contract carefully. The Owner may return the contract for any reason within ten days after receiving it. Return of the contract is effective on the date written notice of the return is delivered, mailed or sent by telegram to either The Northwestern Mutual Life Insurance Company, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ or the agent who sold the contract. If returned, the contract will be cancelled and the Company will refund the sum of (a) the difference between the Purchase Payments paid and the amounts, if any, allocated to the Separate Account plus (b) the value of the Accumulation Units of the Separate Account on the effective date of return. ▇▇.▇.▇.▇▇.(0805) CONTRACT NUMBER 00 000 000 PRIMARY ANNUITANT ▇▇▇▇ ▇. ▇▇▇ ISSUE DATE August 31, 2005 ▇▇.▇.▇.▇▇. (0805) CONTRACT INFORMATION, INVESTMENT ACCOUNTS 3 CHARGES AND FEES 4 MINIMUM PURCHASE PAYMENTS, ACCUMULATION VALUE, PAYMENT PLANS 4 GUARANTEED INTEREST FUND 1 4 SECTION 1. GENERAL TERMS AND DEFINITIONS 5 SECTION 2. SEPARATE ACCOUNT 6 • Section 2.1 Separate Account 6 • Section 2.2 Accumulation Units 6 • Section 2.3 Net Investment Factor 7 • Section 2.4 Substitution and Change 7 SECTION 3. GUARANTEED INTEREST FUND 1 8 • Section 3.1 Guaranteed Interest Fund 1 8 • Section 3.2 Accumulation Value 8 • Section 3.3 Transfer Restrictions 8 • Section 3.4 Maximum Accumulation Value of the Guaranteed Interest Fund 1 8 • Section 3.5 Guaranteed Values 8 SECTION 4. PURCHASE PAYMENTS, TRANSFERS, WITHDRAWALS 9 • Section 4.1 Payment of Purchase Payments 9 • Section 4.2 Application of Purchase Payments 9 • Section 4.3 Selection of Investment Account for Purchase Payments 9 • Section 4.4 Transfer of Accumulation Value 9 • Section 4.5 Withdrawals and Full Surrender 10 • Section 4.6 Effective Date 10 SECTION 5. BENEFITS 10 • Section 5.1 Maturity Benefit 10 • Section 5.2 Death Benefit if Annuitant is an Owner 11 • Section 5.3 Death Benefit if Annuitant is not an Owner 11 SECTION 6. BENEFICIARIES AND CONTINGENT ANNUITANTS 12 • Section 6.1 Naming and Changing of Beneficiaries 12 • Section 6.2 Succession in Interest of Beneficiaries 12 • Section 6.3 Trustee as Beneficiary 12 • Section 6.4 General 12 • Section 6.5 Naming and Changing a Contingent Annuitant 13 SECTION 7. CHARGES AND FEES 13 • Section 7.1 Sales Load and Premium Taxes 13 • Section 7.2 Contract Fee 13 ▇▇.▇.▇.▇▇.(0805)
Right To Return Contract. Please read this contract carefully. The Owner may return the contract for any reason within ten days after receiving it. Return of the contract is effective on the date written notice of the return is delivered, mailed or sent by telegram to either The Northwestern Mutual Life Insurance Company, 720 ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ the agent who sold the contract. If returned, the contract will be cancelled and the Company will refund the sum of (a) the difference between the Purchase Payments paid and the amounts, if any, allocated to the Separate Account plus (b) the value of the Accumulation Units of the Separate Account on the effective date of return. CONTRACT NUMBER 12 345 678 PRIMARY ANNUITANT John ▇. ▇▇▇ ISSUE DATE July 31, 2001 Sex Neutral TABLE OF CONTENTS CONTRACT INFORMATION, INVESTMENT ACCOUNTS CHARGES AND FEES MINIMUM PURCHASE PAYMENTS, ACCUMULATION VALUE, PAYMENT PLANS
Right To Return Contract. Please read this contract carefully. The Owner may return the contract for any reason within ten days after receiving it. Return of the contract is effective on the date written notice of the return is delivered, mailed or sent by telegram to either The Northwestern Mutual Life Insurance Company, 720 ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ the agent who sold the contract. If returned, the contract will be cancelled and the Company will refund the sum of (a) the difference between the Purchase Payments paid and the amounts, if any, allocated to the Separate Account plus (b) the value of the Accumulation Units of the Separate Account on the effective date of return. RR.V.B.(032000) CONTRACT NUMBER 12 345 678 PRIMARY ANNUITANT John ▇. ▇▇▇ ISSUE DATE March 31, 2000 Sex Neutral RR.V.B.BK.(032000) TABLE OF CONTENTS CONTRACT INFORMATION, INVESTMENT ACCOUNTS CHARGES AND FEES MINIMUM PURCHASE PAYMENTS, ACCUMULATION VALUE, PAYMENT PLANS
Right To Return Contract. Please read this Contract carefully. The Owner may return the Contract for any reason within ten days after receiving it. Return of the Contract is effective on the date written notice of the return is delivered, mailed or sent by telegram to either The Northwestern Mutual Life Insurance Company, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ or the agent who sold the Contract. If returned, the Contract will be cancelled and the Company will refund the sum of (a) the difference between the Purchase Payments paid and the amounts, if any, allocated to the Separate Account plus (b) the value of the Accumulation Units of the Separate Account on the effective date of return. CONTRACT NUMBER 00 000 000 PRIMARY ANNUITANT ▇▇▇▇ ▇. ▇▇▇ ISSUE DATE November 30, 2006 ▇▇.▇.▇.▇▇.(1106) SCHEDULE 3 • SEPARATE ACCOUNT 4 • MINIMUM PURCHASE PAYMENTS, ACCUMULATION VALUE, PAYMENT PLANS 4 SECTION 1. GENERAL TERMS AND DEFINITIONS 5 SECTION 2. SEPARATE ACCOUNT 6 • Section 2.1 Separate Account 6 • Section 2.2 Account Divisions 6 • Section 2.3 Funds and Portfolios 7 • Section 2.4 Accumulation Units 7 • Section 2.5 Net Investment Factor 7 SECTION 3. RESERVED 7
Right To Return Contract. This Contract may be returned for any reason within 10 days after you receive it by mailing or delivering the Contract to either us or the agent who sold it. Return of this Contract by mail is effective on being postmarked, properly addressed and postage prepaid. We will promptly refund your Account Value as of the Business Day we receive your Contract. Your Account Value may be more or less than your Purchase Payment. With the combined annual Asset-Based Insurance Charges of 1.55%, the smallest rate of investment return required to ensure that the dollar amount of variable annuity payments does not decrease, is 4.55% for variable annuity options based on an assumed interest rate (AIR) of 3.00%. Signed for the Company. /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Secretary /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ President ---------------------------- ---------------------------- INDIVIDUAL SINGLE PURCHASE PAYMENT DEFERRED VARIABLE ANNUITY CONTRACT NONPARTICIPATING READ YOUR CONTRACT CAREFULLY ANNUITY PAYMENTS, DEATH BENEFITS, WITHDRAWAL VALUES AND ANY OTHER CONTRACT VALUE PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT, ARE VARIABLE, MAY INCREASE OR DECREASE IN ACCORDANCE WITH FLUCTUATIONS IN THE NET INVESTMENT FACTOR, AS APPLICABLE, AND ARE NOT GUARANTEED AS TO DOLLAR AMOUNT, UNLESS OTHERWISE SPECIFIED. 6410 (11/05) TABLE OF CONTENTS Contract Schedule........................................................ 3 Definitions.............................................................. 4
Right To Return Contract. Please read this contract carefully. The Owner may return the contract for any reason within ten days after receiving it. Return of the contract is effective on the date written notice of the return is delivered, mailed or sent by telegram to either The Northwestern Mutual Life Insurance Company, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ or the agent who sold the contract. If returned, the contract will be cancelled and the Company will refund the sum of (a) the difference between the Purchase Payments paid and the amounts, if any, allocated to the Separate Account plus (b) the value of the Accumulation Units of the Separate Account on the effective date of return.
Right To Return Contract. Please read this Contract carefully. The Owner may return the Contract for any reason within ten days after receiving it. Return of the Contract is effective on the date written notice of the return is delivered, mailed or sent by telegram to either The Northwestern Mutual Life Insurance Company, 720 ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, (▇14) ▇▇▇-▇▇▇▇ ▇▇ the agent who sold the Contract. If returned, the Contract will be cancelled and the Company will refund the sum of (a) the value of the Accumulation Units of the Separate Account on the effective date of return plus (b) any amount deducted from the portion of the Purchase Payment applied to the Separate Account. ICC12.RR.VA.ABK.(0313) CONTRACT NUMBER 00 000 000 PRIMARY ANNUITANT John ▇. ▇▇▇ ISSUE DATE August 31, 2005 ICC12.RR.VA.ABK.(0313) TABLE OF CONTENTS CONTRACT INFORMATION, INVESTMENT ACCOUNTS CHARGES AND FEES MINIMUM PURCHASE PAYMENTS, ACCUMULATION VALUE, INCOME PLANS GUARANTEED ACCOUNTS
Right To Return Contract. Please read this Contract carefully. The Owner may return the Contract for any reason within ten days after receiving it. Return of the Contract is effective on the date written notice of the return is delivered, mailed or sent by telegram to either The Northwestern Mutual Life Insurance Company, 720 ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, (▇14) ▇▇▇-▇▇▇▇ ▇▇ the agent who sold the Contract. If returned, the Contract will be cancelled and the Company will refund the sum of (a) the value of the Accumulation Units of the Separate Account on the effective date of return plus (b) any amount deducted from the portion of the Purchase Payment applied to the Separate Account. ICC12.RR.VA.CNE.(0313) CONTRACT NUMBER 00 000 000 PRIMARY ANNUITANT John ▇. ▇▇▇ ISSUE DATE August 31, 2005 ICC12.RR.VA.CNE.(0313) TABLE OF CONTENTS SCHEDULE 3 • CONTRACT INFORMATION 3 • SEPARATE ACCOUNT 3 • CHARGES AND FEES 4 • MINIMUM PURCHASE PAYMENTS, ACCUMULATION VALUE, INCOME PLANS 4 SECTION 1. GENERAL TERMS AND DEFINITIONS 5 SECTION 2. SEPARATE ACCOUNT 6 • Section 2.1 Separate Account 6 • Section 2.2 Account Divisions 7 • Section 2.3 Funds and Portfolios 7 • Section 2.4 Accumulation Units 7 • Section 2.5 Net Investment Factor 7 SECTION 3. RESERVED 7
Right To Return Contract. Please read this contract carefully. The Owner may return the contract for any reason within ten days after receiving it. Return of the contract is effective on the date written notice of the return is delivered, mailed or sent by telegram to either The Northwestern Mutual Life Insurance Company, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ or the agent who sold the contract. If returned, the contract will be cancelled and the Company will refund the sum of (a) the difference between the Purchase Payments paid and the amounts, if any, allocated to the Separate Account plus (b) the value of the Accumulation Units of the Separate Account on the effective date of return. RR.V.B.(0803) CONTRACT NUMBER 00 000 000 PRIMARY ANNUITANT ▇▇▇▇ ▇. ▇▇▇ ISSUE DATE July 31, 2003 RR.V.B.BK.(0803)
Right To Return Contract. You may cancel this contract by delivering or mailing a written notice or sending a telegram to the company and returning the contract before midnight of the tenth day after the date you received it. Notice given by mail and return of the contract by mail are effective on being postmarked, properly addressed, and postage prepaid. The company must return the sum of (a) the difference between the premiums paid including any contract fees or other charges and the amounts allocated to any separate accounts including the fixed account under the contract and (b) the cash value of the contract, or if the contract does not have a cash value, the reserve for the contract, on the date the returned contract is mailed or actually delivered to the company or its agent. The company must return the payment within 10 days after it receives notice of cancellation and the returned contract. /s/ ▇▇▇▇ ▇ ▇▇▇▇ /s/ ▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇ --------------- -------------------- SECRETARY PRESIDENT Flexible Premium Deferred Combination Variable and Fixed Annuity-Non-participating. No Dividends. ALL PAYMENTS AND VALUES PROVIDED BY THE SEPARATE ACCOUNT ARE VARIABLE, MAY INCREASE OR DECREASE, AND ARE NOT GUARANTEED AS TO AMOUNT. PAYMENTS AND VALUES PROVIDED BY THE FIXED ACCOUNT ARE GUARANTEED AS FOUND IN THE CONTRACT. THE VARIABLE PROVISIONS OF THIS CONTRACT ARE FOUND ON PAGES 5 AND 6. IF A VARIABLE ANNUITY PAYOUT OPTION IS SELECTED, THE ANNUAL NET INVESTMENT RETURN MUST BE AT LEAST 4% IN ORDER TO AVOID A DECREASE IN THE AMOUNT OF THE VARIABLE ANNUITY PAYMENT. THE MAXIMUM ASSET CHARGE APPLICABLE TO THE SEPARATE ACCOUNT ASSETS UNDER THIS CONTRACT IS 1.35% ANNUALLY.