Common use of AUTOMATIC PORTION REINSURED Clause in Contracts

AUTOMATIC PORTION REINSURED. US/Canadian Residents THE REINSURER will automatically reinsure an amount equal to 10% of the net amount at risk related to the face amount of insurance up to the First Layer of Coverage amounts shown in Schedule A, Section 4.B, below. The net amount of risk is determined as of the issue date and each subsequent policy anniversary and is defined as the death benefit minus the contract fund.

AUTOMATIC PORTION REINSURED. US/Canadian Residents THE REINSURER will automatically reinsure an amount equal to 10% of the net amount at risk related to the face amount of insurance up to the First Layer of Coverage amounts shown in Schedule A, Section 4.B, 4.B. below. The net amount of risk is determined as of the issue date and each subsequent policy anniversary and is defined as the death benefit minus the contract fund.

AUTOMATIC PORTION REINSURED. US/Canadian Residents THE REINSURER SWISS RE will automatically reinsure an amount equal to 1020% of the net amount at risk related to the face amount of insurance up to the First Layer of Coverage amounts shown in Schedule A, Section 4.B, belowinsurance. The net amount of risk is determined as of the issue date and each subsequent policy anniversary and is defined as the death benefit minus the contract fund.