Terminal Illness / Nursing Home Care Rider After the first policy year, the
withdrawal charge on
withdrawals up to 50 % of the
Cash Surrender Value ($ 1,000 minimum) is waived
upon the occurrence of one of the following events for the Owner: (a) Terminal illness (life expectancy of 12 months or less).
A
withdrawal will reduce your
cash value and surrender value by the amount of gross
withdrawal, and will also reduce the face amount of the contract (the amount paid to beneficiaries
upon the insureds death) by the amount of the
withdrawal as well.