CUMULATIVE PREMIUM LIMIT. You may pay more or less than the Planned Annual Premium. However, except as provided in Section 4.6, to continue the contract in force on each Monthly Anniversary the Cash Surrender Value must be sufficient to cover the Monthly Deduction. Premiums are payable at our Home Office. Upon request we will give you a receipt, signed by an officer of the Society, for the premium paid.
Appears in 1 contract
Sources: Variable Life Insurance Agreement (Lb Variable Insurance Account I)
CUMULATIVE PREMIUM LIMIT. You may pay more or less than the Planned Annual Premium. However, except as provided in Section 4.6, to continue the contract in force on each Monthly Anniversary the Cash Surrender Value must be sufficient to cover the Monthly Deduction. Premiums are payable at our Home Office. Upon request we will give you a receipt, signed by an officer of the Societycompany, for the premium paid.
Appears in 1 contract
Sources: Variable Life Insurance Contract (Lbvip Variable Insurance Account)