Common use of Interest Sensitive Plans and Riders Clause in Contracts

Interest Sensitive Plans and Riders. The net amount at risk of the policy is defined to be the death benefit minus the greater of i) the Proxy Economic Reserve or ii) the account value. The reinsured net amount at risk is the net amount at risk of the policy at each policy duration times the Reinsurer's quota share percentage, as stated in Exhibit C. For interest sensitive policies issued without a no-lapse guarantee rider and IUL policies, the Proxy Economic Reserve is deemed to equal the account value.

Interest Sensitive Plans and Riders. The net amount at risk of the policy is defined to be the death benefit minus the greater of i) the Proxy Economic Reserve or ii) the account value. The reinsured net amount at risk is the net amount at risk of the policy at each policy duration duration, minus the amount retained by the Company, times the Reinsurer's quota share percentage, as stated in Exhibit C. For interest sensitive policies issued without a no-lapse guarantee rider and IUL policies, the Proxy Economic Reserve is deemed to equal the account value.

Interest Sensitive Plans and Riders. The net amount at risk of the policy is defined to be the death benefit minus the greater of i) the Proxy Economic Reserve or ii) the account value. The reinsured net amount at risk is the net amount at risk of the policy at each policy duration times the Reinsurer's quota share percentage, as stated in Exhibit C. For interest sensitive policies issued without a no-lapse guarantee rider and IUL policiesrider, the Proxy Economic Reserve proxy economic reserve is deemed to equal the account value.

Interest Sensitive Plans and Riders. The net amount at risk of the policy is defined to be the death benefit minus the greater of i) the Proxy Economic Reserve or ii) the account value. The reinsured net amount at risk is the net amount at risk of the policy at each policy duration duration, minus the amount retained by the Company times the Reinsurer's quota share percentage, as stated in Exhibit C. For interest sensitive policies issued without a no-lapse guarantee rider and IUL policiesrider, the Proxy Economic Reserve proxy economic reserve is deemed to equal the account value.

Interest Sensitive Plans and Riders. The net amount at risk of the policy is defined to be the death benefit minus the greater of i) the Proxy Economic Reserve or ii) the account value. The reinsured net amount at risk is the net amount at risk of the policy at each policy duration times the Reinsurer's ’s quota share percentage, as stated in Exhibit C. For interest sensitive policies issued without a no-lapse guarantee rider and IUL policiesrider, the Proxy Economic Reserve proxy economic reserve is deemed to equal the account value.