Common use of INCREASE IN FACE AMOUNT Clause in Contracts

INCREASE IN FACE AMOUNT. You may increase the Face Amount any time before the Contract Anniversary on or next after the Insured's 80th birthday. The increase is subject to the following: 1) You must make written application to us at our Home Office. 2) We will require evidence of insurability which meets our standards. 3) The increase must be at least $10,000. 4) The Cash Surrender Value must not be less than the Monthly Deduction on the effective date of the increase (unless the Death Benefit Guarantee is in force). 5) The Initial Monthly Administrative Charge for the increase (see Section 7.1(3)) will be charged on the effective date of the increase and then on each Monthly Anniversary until 120 charges have been made. 6) A new schedule of Decrease Charges will apply to the increase in Face Amount.

INCREASE IN FACE AMOUNT. You may increase the Face Amount any time before the Contract Anniversary on or next after the Insured's 80th birthday. The increase is subject to the following: 1) You must make written application to us at our Home Office. 2) We will require evidence of insurability which meets our standards. 3) The increase must be at least $10,000. 4) The Cash Surrender Value must not be less than the Monthly Deduction on the effective date of the increase (unless the Death Benefit Guarantee is in force). 5) The Initial Monthly Administrative Charge for the increase (see Section 7.1(3)) will be charged on the effective date of the increase and then on each Monthly Anniversary until 120 charges have been made. 6) A new schedule of Decrease Charges will apply to the increase in Face Amount. 7) The effective date of the increase will be the date shown on the supplemental contract schedule that we will mail to you.