Non-Forfeiture. If, after payment of the initial Contribution, any subsequent Contribution is not paid, then this Policy shall not lapse. The accumulations in the IPA under this Policy shall continue to exist subject to the terms and conditions of this Policy.
Appears in 1 contract
Sources: Retirement Plan Policy
Non-Forfeiture. If, after payment of the initial first Policy Year Regular Contribution, any subsequent Contribution is not paid, then this Policy shall not lapselapse subject to clause 3.3. The accumulations in the IPA under this Policy shall continue to exist subject to the terms and conditions of this Policy.
Appears in 1 contract
Sources: Insurance Policy