NET AMOUNT AT RISK. The policy risk amount reinsured under this Agreement is the net amount at risk, which is determined as of the issue date and each subsequent policy anniversary and is defined as the death benefit minus the contract fund.
Appears in 3 contracts
Samples: Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account)
NET AMOUNT AT RISK. The policy risk amount reinsured under this Agreement is the net amount at risk, which risk is determined as of the issue date and each subsequent policy anniversary and is defined as the death benefit minus the contract fund.
Appears in 2 contracts
Samples: Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account)
NET AMOUNT AT RISK. The policy net amount at risk is equal to the excess of the death benefit over the contract fund. The net amount at risk retained and the net amount at risk reinsured under this Agreement are in proportion to the portion of the policy amount retained and the portion of the policy amount reinsured under this Agreement is the net amount at risk, which is determined as of the issue date and each subsequent policy anniversary and is defined as the death benefit minus the contract fundAgreement.
Appears in 1 contract
Samples: Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account)
