Calculation of cash surrender value and paid-up nonforfeiture benefit

1. Any cash surrender value and any paid-up nonforfeiture benefit, available under the policy in the event of default in a premium payment due at any time other than on the policy anniversary, must be calculated with allowance for the lapse of time and the payment of fractional premiums beyond the last preceding policy anniversary. 2. All values referred to in NRS 688A.300 to 688A.340, inclusive, may be calculated upon the assumption that any death benefit is payable at the end of the policy year of death. 3. The net value of any paid-up additions, other than paid-up term additions, must not be less than the amounts used to provide the additions. 4. Notwithstanding the provisions of NRS 688A.300, additional benefits payable: (a) In the event of death or dismemberment by accident or accidental means; (b) In the event of total and permanent disability; (c) As reversionary annuity or deferred reversionary annuity benefits; (d) As term insurance benefits provided by a rider or supplemental policy provision to which, if issued as a separate policy, NRS 688A.290 to 688A.360, inclusive, would not apply; (e) As term insurance on the life of a child or on the lives of children provided in a policy on the life of a parent of the child, if the term insurance expires before the child’s age is 26, is uniform in amount after the child’s age is 1, and has not become paid up by reason of the death of a parent of the child; (f) As other policy benefits additional to life insurance and endowment benefits; and (g) Premiums for all such additional benefits, Ê must be disregarded in ascertaining cash surrender values and nonforfeiture benefits required by NRS 688A.290 to 688A.360, inclusive, and no such additional benefits may be required to be included in any paid-up nonforfeiture benefits.