Increases and Decreases. At the time of issue of this Rider, you may request to schedule an increase or decrease to the Target Specified Amount. At any time after issue of this Rider, you may request either an increase or decrease to the Target Specified Amount. Any approved changes will result in a new Target Specified Amount. Your request must be in writing to our Home Office. Increases in the Target Specified Amount will require evidence of insurability satisfactory to us. Any such change will be effective on the monthly anniversary day on or next following our approval of your request. We reserve the right to limit the number of changes to one each policy year. The Target Specified Amount may be decreased at any time, subject to the following conditions:
Appears in 3 contracts
Sources: Flexible Premium Variable Universal Life Insurance Policy (Nationwide VLI Separate Account-7), Life Insurance Policy (Nationwide VLI Separate Account-7), Flexible Premium Variable Universal Life Insurance Policy (Nationwide VL Separate Account-G)