Extended Term and Reduced Paid-Up Insurance. If any policy reinsured under this Agreement converts to Extended Term Insurance or Reduced Paid-Up Insurance, the net amount at risk reinsured will be adjusted as appropriate and reinsurance will be continued in accordance with the provisions of the underlying policy. Reinsurance payments for the adjusted policy will be calculated on the basis of the original issue age of the insured and the duration of the original policy at the time the adjustment became effective, i.e. point-in-scale basis.
Appears in 13 contracts
Samples: Automatic Reinsurance Agreement (Nassau Life Variable Universal Life Account), Automatic Reinsurance Agreement (Union Security Insurance Co Variable Account C), Automatic Reinsurance Agreement (Usl Separate Account Usl Vl-R)
Extended Term and Reduced Paid-Up Insurance. If any policy reinsured under this Agreement converts to Extended Term Insurance or Reduced Paid-Up Insurance, the net amount at risk reinsured will be adjusted as appropriate and reinsurance will be continued in accordance with the continuing provisions of the underlying policy. Reinsurance payments for the adjusted policy will be calculated on the basis of the original issue age of the insured and the duration of the original policy at the time the adjustment became effective, i.e. point-in-scale basis.
Appears in 4 contracts
Samples: Reinsurance Agreement (Nassau Life Variable Accumulation Account), Reinsurance Agreement (Nassau Life Variable Universal Life Account), Reinsurance Agreement (PHL Variable Accumulation Account)
Extended Term and Reduced Paid-Up Insurance. If any policy reinsured under this Agreement converts to Extended Term Insurance or Reduced Paid-Paid- Up Insurance, the net amount at risk reinsured will be adjusted as appropriate and reinsurance will be continued in accordance with the provisions of the underlying policy. Reinsurance payments for the adjusted policy will be calculated on the basis of the original issue age of the insured and the duration of the original policy at the time the adjustment became effective, i.e. point-in-scale basis.
Appears in 4 contracts
Samples: Reinsurance Agreement (Nassau Life Variable Universal Life Account), Reinsurance Agreement (PHL Variable Accumulation Account), Automatic Reinsurance Agreement (Nassau Life Variable Universal Life Account)
Extended Term and Reduced Paid-Up Insurance. If any policy reinsured under this Agreement Reinsured Policy converts to Extended Term Insurance or Reduced Paid-Up Insurance, the net amount at risk reinsured will be adjusted as appropriate and reinsurance will be continued in accordance with the provisions of the underlying policy. Reinsurance payments for the adjusted policy will be calculated on the basis of the original issue age of the insured and the duration of the original policy at the time the adjustment became effective, i.e. point-in-scale basis.
Appears in 2 contracts
Samples: Agl Separate Account Vl-R, Usl Separate Account Usl Vl-R
Extended Term and Reduced Paid-Up Insurance. If any policy reinsured under this Agreement converts to Extended Term Insurance or Reduced Paid-Up Insurance, the net amount at risk reinsured will be adjusted as appropriate and reinsurance will be continued in accordance with the continuing provisions of the underlying policy. Reinsurance payments for the adjusted policy will be calculated on the basis of the original issue age of the insured and the duration of the original policy at the time the adjustment became effective, i.e. point-in-scale basis.
Appears in 2 contracts
Samples: Novation Agreement (Nassau Life Variable Universal Life Account), Automatic Reinsurance Agreement (PHL Variable Accumulation Account)
Extended Term and Reduced Paid-Up Insurance. If any policy reinsured under this Agreement converts to Extended Term Insurance or Reduced Paid-Up Insurance, Insurance the net amount at risk reinsured will be adjusted as appropriate and reinsurance will be continued in accordance with the provisions of the underlying policy. Reinsurance payments for the adjusted policy will be calculated on the basis of the original issue age of the insured and the duration of the original policy at the time the adjustment became become effective, i.e. point-in-scale basis.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Variable Account II of AGL of Delaware)
Extended Term and Reduced Paid-Up Insurance. If any policy reinsured under this Agreement converts to Extended Term Insurance or Reduced Paid-Up Insurance, the net amount at risk reinsured will be adjusted as appropriate and reinsurance will be continued in accordance with the provisions of the underlying policy. Reinsurance payments for the adjusted policy will be calculated on the basis of the original issue age of the insured and the duration of the original policy at the time the adjustment became effective, i.e. point-in-scale basis.. Continued...
Appears in 1 contract
Samples: Automatic Reinsurance Agreement Effective November (Travelers Fund Ul for Variable Life Insurance)
