Common use of EXTENDED TERM AND REDUCED Clause in Contracts

EXTENDED TERM AND REDUCED. Paid-Up Insurance ------------------------------------------- Changes as a result of extended term or reduced paid-up insurance will be handled like reductions.

Appears in 2 contracts

Sources: Automatic and Facultative Yearly Renewable Term Agreement (Pacific Select Exec Separate Acct Pacific Life Ins), Automatic and Facultative Yearly Renewable Term Agreement (Pacific Select Exec Separate Acct Pacific Life Ins)

EXTENDED TERM AND REDUCED. Paid-Up Insurance ------------------------------------------- Changes as a result of extended term or reduced paid-up insurance will be handled like reductions.

Appears in 1 contract

Sources: Facultative Yearly Renewable Term Agreement (Security Equity Life Insurance Co Separate Account 13)