Base Policy. The Net Amount at Risk is the Death Benefit minus the Policy Account Value, where Death Benefit is the greater of Specified Amount or Policy Account Value times tax corridor.
Appears in 3 contracts
Samples: Automatic and Facultative Reinsurance Agreement (Ids Life of New York Account 8), Automatic and Facultative Reinsurance Agreement (Ids Life Variable Life Separate Account), Ids Life of New York Account 8
Base Policy. The Net Amount at Risk is the Death Benefit minus the Policy Account Value, where the Death Benefit is the greater of Specified the Face Amount or Policy Account Value times tax corridorthe minimum amount required under Section 7702 of the IRC.
Appears in 1 contract
Samples: Yearly Renewable Term Reinsurance Agreement (American National Variable Life Separate Account)
