Common use of Decrease Clause in Contracts

Decrease. The Owner may, on a single occasion, decrease the amount of Additional Protection. The decrease will take effect on the policy anniversary following the receipt at the Home Office of the Owner's written request. No further increases in the amount of Additional Protection will be made.

Appears in 2 contracts

Sources: Variable Whole Life Policy (Northwestern Mutual Variable Life Account), Variable Whole Life Insurance Policy (Northwestern Mutual Variable Life Account)