Common use of Guaranteed Minimum Death Benefit and Earnings Preservation Benefit Clause in Contracts

Guaranteed Minimum Death Benefit and Earnings Preservation Benefit. 1. The indemnity cession shall be the share of the MNAR (defined in Article IV) that is generated, prior to the termination of the Reinsurer's liability (defined in Article II), by the Guaranteed Minimum Death Benefit ("GMDB") and Earnings Preservation Benefit ("EPB") provisions of the Reinsured Contracts, as specified in Schedule A.

Appears in 20 contracts

Samples: Automatic Reinsurance Agreement (New England Variable Annuity Separate Account), Automatic Reinsurance Agreement (Metlife Investors Variable Annuity Account One), Reinsurance Agreement (Metlife Investors Usa Separate Account A)

AutoNDA by SimpleDocs

Guaranteed Minimum Death Benefit and Earnings Preservation Benefit. 1. The indemnity cession shall be the share of the MNAR (defined in Article IV) that is generated, prior to the termination of the Reinsurer's liability (defined in Article II), by the Guaranteed Minimum Death Benefit ("GMDB") and Earnings Preservation Benefit ("EPB") provisions of the Reinsured Contracts, as specified in Schedule A.)

Appears in 5 contracts

Samples: Automatic Reinsurance Agreement (New England Variable Annuity Separate Account), Automatic Reinsurance Agreement (Metlife Investors Variable Annuity Account One), Automatic Reinsurance Agreement (Metlife Investors Usa Separate Account A)

AutoNDA by SimpleDocs

Guaranteed Minimum Death Benefit and Earnings Preservation Benefit. 1. The indemnity cession shall be the share Reinsurer's Percentage of the MNAR (defined in Article IV) that is generated, prior to the termination of the Reinsurer's liability (defined in Article II), by under the Guaranteed Minimum Death Benefit ("GMDB") and Earnings Preservation Benefit ("EPB") provisions of the Reinsured Contracts, as specified in Schedule A..

Appears in 2 contracts

Samples: Automatic Reinsurance Agreement (Metlife Investors Variable Annuity Account One), Automatic Reinsurance Agreement (Metlife Investors Variable Annuity Account One)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!