WILL BE CHANGED Sample Clauses

WILL BE CHANGED. SEE SECTION 16. A Surrender Charge will be deducted from full surrender, decrease in Face Amount, lapse and most partial surrender transactions during the Surrender Charge Period of the initial Face Amount and any increase in Face Amount. For the initial Face Amount, the Surrender Charge Period is measured from the Policy Date. For each increase in Face Amount, the Surrender Charge Period is measured from the Adjustment Date of the increase. The Surrender Charge for the Policy is equal to: the Deferred Sales Charge for the initial Face Amount and each increase in Face Amount; plus the Deferred Administrative Charge for the initial Face Amount and each increase in Face Amount.