TABLE OF PERCENTAGES Sample Clauses
The "Table of Percentages" clause defines a schedule or chart that lists specific percentage values relevant to the contract, such as rates for payments, deductions, or allocations. This table typically applies to calculations involving progress payments, retention amounts, or distribution of costs among parties, and may be referenced throughout the agreement to standardize these figures. Its core function is to provide a clear, consistent reference for percentage-based calculations, reducing ambiguity and ensuring all parties understand how certain financial terms are to be applied.
TABLE OF PERCENTAGES. The following table is used in determining the Death Benefit under Option A and Option B above. For Attained Ages not shown, the applicable percentages shall decrease by a ratable portion for each full year.
TABLE OF PERCENTAGES. The following table is used in determining the Death Benefit under Option A and Option B above. For Attained Ages not shown, the applicable percentages shall decrease by a ratable portion for each full year. ATTAINED AGE PERCENTAGE ------------ ---------- 0 through 40 250% 45 215% 50 185% Page 9 11 ATTAINED AGE PERCENTAGE ------------ ---------- 55 150% 60 130% 65 120% 70 115% 75 through 90 105% 95 through 99 100% AMOUNT OF INSURANCE PROCEEDS. The Insurance Proceeds will be determined as of the date of the Insured's death and will be equal to:
TABLE OF PERCENTAGES. For ages not shown, the percentages shall decrease by a ratable portion for each full year
TABLE OF PERCENTAGES. The following table is used in determining the Death Benefit under Option A and Option B above. For Attained Ages not shown, the applicable percentages shall decrease by a ratable portion for each full year. Attained Age Percentage 0 through 40 250% 45 215% 50 185% 55 150% 60 130% 65 120% 70 115% 75 through 90 105% 95 through 99 100% AMOUNT OF INSURANCE PROCEEDS. The Insurance Proceeds will be determined as of the date of the Insured's death and will be equal to: * the Death Benefit described above; * plus any additional benefits due under a supplementary benefit rider attached to this Policy; 10 * less any loan and accrued loan interest on this Policy; * less any overdue deductions if the death of the Insured occurs during the Grace Period. PAYMENT OF INSURANCE PROCEEDS. We will pay the Insurance Proceeds to the Beneficiary in a lump sum, unless a Payment Option has been selected. If the proceeds are payable in a lump sum, we will add interest to the amount of such proceeds for the period from the date of death to the date of payment. The amount of interest will be computed at the yearly rate of 3% or any higher rate declared by us or required by law. CHANGING THE FACE AMOUNT OF INSURANCE OR DEATH BENEFIT OPTION. During the first Policy Year, the Death Benefit Option and the Face Amount of insurance will be as selected at the time of application, as shown in the Policy Schedule. After the first Policy Year while this Policy is in force, you may change the Death Benefit Option or the Face Amount, except in the 12-month period following a Face Amount increase. Any change will be effective as of the Policy processing Day that coincides with or next follows the date we approve your written request, provided we have received the premium required for the change. You may request a change by completing an application for change. A copy of such application will be attached to new Policy Schedule pages which will be issued when the change is approved. The application for change and new Policy Schedule pages will become a part of this Policy. We may require you to return this Policy to make a change. Face Amount Increase. You may request a Face Amount increase subject to the following: * you must provide evidence satisfactory to us of the Insured's insurability; * the Insured's Attained Age must be 75 years or less; * you may not have increased the Face Amount in the prior 12-month period; * the Face Amount increase must be for at least $25,000. We will deduct the e...