Common use of Increasing Net Amount at Risk Policies and Riders Clause in Contracts

Increasing Net Amount at Risk Policies and Riders. I. Business Reinsured on an Automatic Basis Whenever the death benefit and/or the net amount at risk (NAR) on a policy will be increased at future date(s) and these increasing risks will be automatically reinsured under this AGREEMENT, they will be handled as shown below. The CEDING COMPANY will use the highest amount projected in all future years to determine whether these policies comply with the binding and jumbo limits shown in Exhibit D. The CEDING COMPANY also underwrites at issue based on the highest amount. The projected highest amount in all years will also be used to determine the CEDING COMPANY’s retention at issue and the percentage of future changes in NAR as they occur. As long as the CEDING COMPANY follows the procedures as outlined, the REINSURER will assume its prorata share of all NAR changes as they occur. In no case will the reinsured automatic portion exceed the automatic binding limits. Automatic binding limits are applied by the CEDING COMPANY to the life, not just to a specific policy.

Increasing Net Amount at Risk Policies and Riders. I. Business Reinsured on an Automatic Basis Whenever the death benefit and/or the net amount at risk (NAR) on a policy will be increased at future date(s) and these increasing risks will be automatically reinsured under this AGREEMENTAgreement, they will be handled as shown below. The CEDING COMPANY Ceding Company will use the highest amount projected in all future years to determine whether these policies comply with the binding and jumbo limits shown in Exhibit D. The CEDING COMPANY Ceding Company also underwrites at issue based on the highest amount. The projected highest amount in all years will also be used to determine the CEDING COMPANYCeding Company’s retention at issue and the percentage of future changes in NAR as they occur. As long as the CEDING COMPANY Ceding Company follows the procedures as outlined, the REINSURER Reinsurer will assume its prorata share of all NAR changes as they occur. In no case will the reinsured automatic portion exceed the automatic binding limits. Automatic binding limits are applied by the CEDING COMPANY Ceding Company to the life, not just to a specific policy.

Increasing Net Amount at Risk Policies and Riders. I. Business Reinsured on an Automatic Basis Whenever the death benefit and/or the net amount at risk (NAR) on a policy will be increased at future date(s) and these increasing risks will be automatically reinsured under this AGREEMENTAgreement, they will be handled as shown below. The CEDING COMPANY Ceding Company will use the highest amount projected in all future years to determine whether these policies comply with the binding and jumbo limits shown in Exhibit D. The CEDING COMPANY Ceding Company also underwrites at issue based on the highest amount. The projected highest amount in all years will also be used to determine the CEDING COMPANYCeding Company’s retention at issue and the percentage of future changes in NAR as they occur. As long as the CEDING COMPANY Ceding Company follows the procedures as outlined, the REINSURER Reinsurer will assume its prorata share of all NAR changes as they occur. In no case will the reinsured automatic portion exceed the automatic binding limits. However, if the actual death benefit and/or NAR on a given life exceeds the automatic binding limits shown in Exhibit D, then the Ceding Company will be on the risk for any excess unless alternative arrangements are made at that time. Automatic binding limits are applied by the CEDING COMPANY Ceding Company to the life, not just to a specific policy.

Increasing Net Amount at Risk Policies and Riders. I. Business Reinsured on an Automatic Basis Whenever the death benefit and/or the net amount at risk (NAR) on a policy will be increased at future date(s) and these increasing risks will be automatically reinsured under this AGREEMENT, they will be handled as shown below. The CEDING COMPANY will use the highest amount projected in all future years to determine whether these policies comply with the binding and jumbo limits shown in Exhibit D. The CEDING COMPANY also underwrites at issue based on the highest amount. The projected highest amount in all years will also be used to determine the CEDING COMPANY’s retention at issue and the percentage of future changes in NAR as they occur. As long as the CEDING COMPANY follows the procedures as outlined, the REINSURER will assume its prorata share of all NAR changes as they occur. In no case will the reinsured automatic portion exceed the automatic binding limits. However, if the actual death benefit and/or NAR on a given life exceeds the automatic binding limits shown in Exhibit D, then the CEDING COMPANY will be on the risk for any excess unless alternative arrangements are made at that time. Automatic binding limits are applied by the CEDING COMPANY to the life, not just to a specific policy.

Increasing Net Amount at Risk Policies and Riders. I. Business Reinsured on an Automatic Basis Whenever the death benefit and/or the net amount at risk (NAR) on a policy will be increased at future date(s) and these increasing risks will be automatically reinsured under this AGREEMENT, they will be handled as shown below. The CEDING COMPANY will use the highest amount projected in all future years to determine whether these policies comply with the binding and jumbo limits shown in Exhibit D. The CEDING COMPANY also underwrites at issue based on the highest amountface amount illustrated at issue. The projected highest amount in all years will also be used to determine the CEDING COMPANY’s retention at issue and the percentage of future changes in NAR as they occur. As long as the CEDING COMPANY follows the procedures as outlined, the REINSURER will assume its prorata share of all NAR changes as they occur. In no case will the reinsured automatic portion exceed the automatic binding limits. However, if the actual death benefit and/or NAR on a given life exceeds the automatic binding limits shown in Exhibit D, then the CEDING COMPANY will be on the risk for any excess unless alternative arrangements are made at that time. Automatic binding limits are applied by the CEDING COMPANY to the life, not just to a specific policy.