Common use of Mortality Net Amount At Risk Clause in Contracts

Mortality Net Amount At Risk. 1. The mortality net amount at risk for each variable annuity contract reinsured hereunder shall be calculated as of the last day of each calendar month and shall be equal to the difference between the death benefit and the cash surrender value of the annuity. The reinsured mortality net amount at risk shall not be less than zero and shall not be greater than the product of Five Million Dollars ($5,000,000) per life and the quota share percentage set forth in Article I. The death benefit and the contract value will be as described in the variable annuity contract forms specified in Exhibit A.

Mortality Net Amount At Risk. 1. The mortality net amount at risk for each variable annuity contract reinsured hereunder shall be calculated as of the last day of each calendar month and shall be equal to the difference between the death benefit and the cash surrender account value of the annuity. The reinsured mortality net amount at risk shall not be less than zero and shall not be greater than the product of Five Million Dollars ($5,000,000) per life and the quota share percentage set forth in Article I. The death benefit and the contract value will be as described in the variable annuity contract forms specified in Exhibit A.

Mortality Net Amount At Risk. 1. The mortality net amount at risk for each variable annuity contract reinsured hereunder shall be calculated as of the last day of each calendar month and shall be equal to the difference between contractual option GMDB less the death benefit and the cash surrender account value of the annuity. The reinsured mortality net amount at risk shall not be less than zero and shall not be greater than the product , up to a maximum of Five One Million Dollars ($5,000,0001,000,000) per life and the quota share percentage set forth in Article I. life. The death benefit and the contract value will shall be as described in the variable annuity contract forms specified in Exhibit A.