AUTOMATIC PORTION REINSURED. US/Canadian Residents AUSA will automatically reinsure an amount equal to 20% of the net amount at risk related to the face amount of insurance. 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. Non US/Canadian Residents AUSA will automatically reinsure an amount equal to 10% of the net amount at risk related to the face amount of insurance.
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Samples: Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), The Agreement (Pruco Life Variable Universal Account), The Agreement (Pruco Life of New Jersey Variable Appreciable Account)
AUTOMATIC PORTION REINSURED. US/Canadian Residents AUSA will automatically reinsure an amount equal to 20% of the net amount at risk related to the face amount of insurance. Non US/Canadian Residents AUSA will automatically reinsure an amount equal to 10% of the net amount at risk related to the face amount of insurance. 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. Non US/Canadian Residents AUSA will automatically reinsure an amount equal to 10% of the net amount at risk related to the face amount of insurance.
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