Accelerated Benefit Rider. Provides the policyholder up to 100% of the death benefit, discounted with interest, if the insured's life expectancy is 12 months or less. After acceleration, the Ceding Company shall continue to pay the Reinsurer Reinsurance Premiums on the Reinsured Net Amount at Risk as described in Schedule B, and the Reinsurer shall be liable for such Reinsured Net Amount at Risk upon the death of the insured.
Appears in 4 contracts
Samples: Automatic and Facultative Monthly Renewable Term Reinsurance Agreement (Hartford Life & Annuity Ins Co Separate Acount Vlii), Reinsurance Agreement (Hartford Life Insurance Co Separate Account Vl Ii), Automatic and Facultative Monthly Renewable Term Reinsurance Agreement for Excess Risks (Hartford Life & Annuity Insurance Co Sep Account Vl I)
