Common use of The Benefit Clause in Contracts

The Benefit. Upon receiving proof that Total Disability has continued for six consecutive months, we will credit premiums to this contract on each Monthly Anniversary during the Benefit Period while Total Disability continues. The premium credited on a Monthly Anniversary will be equal to the greater of: 1) One-twelfth of the Selected Amount on the date Total Disability began; and 2) The amount which provides the Monthly Deduction for that Monthly Anniversary. In addition, for each Monthly Anniversary that occurred during the Benefit Period but before we received proof of Total Disability, we will credit the greater of: 1) A premium equal to one-twelfth of the Selected Amount on the date Total Disability began; and 2) A Net Premium equal to the Monthly Deduction on that Monthly Anniversary. This amount will be credited on the day your claim for waiver is approved by us. Unless this contract terminates due to excess loan, each premium credited will continue this contract in force until the next Monthly Anniversary.