"Notwithstanding the foregoing, the party of the first part agrees that contracts dated after Jan. 1, 1987, for which the contract premium in the first policy year exceeds that of the second year with no comparable additional benefit being provided in that first year, which policy provides an endowment benefit or a cash surrender value or a combination thereof in an amount greater than such excess premium, the reserve according to the Commissioners reserve valuation method as of any policy anniversary occurring on or before the assumed ending date, defined herein as the first policy anniversary on which the sum of any endowment benefit and any cash surrender value then available is greater than. . . ." WHAT????
Government contracts consist of fill-in-the-blanks forms, free-form text, and often a lengthy list of boilerplate terms and conditions. Often the problem comes when reading the contract starts pulling you down Alice's rabbit hole. One key secret that I will share about reading these documents is to know when to stop reading and move to the next paragraph.