FULL SURRENDER. You may surrender this contract for its Cash Surrender Value by giving Written Notice while the Insured is living. The surrender will be effective on the day we receive Written Notice or, if later, the date you specify. Insurance coverage ceases on the effective date of the surrender.
Appears in 2 contracts
Sources: Flexible Premium Variable Life Insurance (Thrivent Variable Life Account 1), Flexible Premium Variable Life Insurance (Thrivent Variable Life Account 1)
FULL SURRENDER. You may surrender this contract for its Cash Surrender Value by giving Written Notice before the Maturity Date and while the Insured is livingalive. The surrender will be effective on the day later of:
1) The date we receive Written Notice or, if later, the Notice; and
2) The date you specify. Insurance coverage ceases on the effective date of the surrender.
Appears in 2 contracts
Sources: Variable Life Insurance Contract (Lb Variable Insurance Account I), Variable Life Insurance Contract (Lbvip Variable Insurance Account)
FULL SURRENDER. You may surrender this contract for its Cash Surrender Value by giving Written Notice while the Insured is living. The surrender will be effective on the day we receive Written Notice or, if later, the date you specifyNotice. Insurance coverage ceases on the effective date of the surrender.
Appears in 1 contract
Sources: Flexible Premium Variable Adjustable Life Insurance (Thrivent Variable Life Account I)