EXCHANGE OF POLICY. Within 18 months after the Date of Issue shown on the Policy Schedule Pages (page 3), and while this Policy is in force, the Owner may exchange this Policy without evidence of insurability for a fixed benefit life insurance policy. The new policy will have the same Issue Age, Date of Issue and Policy Date as this Policy. The new policy will take effect on the date the written request to exchange this Policy is received at the Home Office. This Policy will terminate when the new policy takes effect.
Appears in 2 contracts
Sources: Individual Flexible Premium Variable Adjustable Life Insurance Policy (Northwestern Mutual Variable Life Account II), Life Insurance Policy (Northwestern Mutual Variable Life Account II)