NET AMOUNT AT RISK. The Net Amount at Risk on the policies and riders eligible for reinsurance under this Agreement, is defined below: OPTION A BASE POLICY: The Net Amount at Risk is the Death Benefit minus the Policy Value, where the Death Benefit is the greater of the Face Amount or the minimum amount required under Section 7702 of the IRC.
Appears in 2 contracts
Samples: Reinsurance Agreement (Jnlny Separate Account Iv), Reinsurance Agreement (Jackson National Separate Account Iv)
NET AMOUNT AT RISK. The Net Amount at Risk for purposes of this Agreement is the death benefit amount less the policy account value. The net amount at risk on the policies and riders eligible for reinsurance under this Agreement, is defined below: OPTION A BASE POLICY: The Net Amount at Risk is the Death Benefit minus the Policy Value, where the Death Benefit is the greater of the Face Amount or the minimum amount required under Section 7702 of the IRC.:
Appears in 1 contract
Samples: Reinsurance Agreement (Tiaa-Cref Life Separate Account Vli-1)
NET AMOUNT AT RISK. The Net Amount at Risk on the policies and riders eligible for reinsurance under this Agreement, is defined below: OPTION A BASE POLICY: The Net Amount at Risk is the Death Benefit minus the Policy Value, where the Death Benefit is the greater of the Face Amount or the minimum amount required under Section 7702 of the IRC.:
Appears in 1 contract
Samples: Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account)
