Death Benefit for Terminal Illness. If Ceding Company pays an accelerated death benefit for terminal illness under the terms of the policy contract, the reinsurance coverage will continue unaffected until the death of the insured. AdvanceSource Rider (Accelerated Benefit Rider for Chronic Illness (LTC Rider) – Any such rider is not reinsured under this Agreement, but payments made under such a rider are taken into account when determining Reinsured Net Amount at Risk as defined in Article 5 – Reinsured Risk Amounts.
Appears in 3 contracts
Samples: Automatic Yrt Reinsurance Agreement (Riversource Variable Life Separate Account), Reinsurance Agreement (Riversource Variable Life Separate Account), Automatic Yrt (Riversource of New York Account 8)
Death Benefit for Terminal Illness. If Ceding Company pays an accelerated death benefit for terminal illness under the terms of the policy contract, the reinsurance coverage will continue unaffected until the death of the insured. [*] [*] AdvanceSource Rider (Accelerated Benefit Rider for Chronic Illness (LTC Rider) – Any such rider is not reinsured under this Agreement, but payments made under such a rider are taken into account when determining Reinsured Net Amount at Risk as defined in Article 5 – Reinsured Risk Amounts.
Appears in 2 contracts
Samples: Automatic Yrt Reinsurance Agreement (Riversource of New York Account 8), Automatic Yrt Reinsurance Agreement (Riversource Variable Life Separate Account)
