Common use of NET AMOUNTS AT RISK Clause in Contracts

NET AMOUNTS AT RISK. a) For Fixed Benefit Plans, the reinsured net amount at risk will be the difference between the reinsured face amount and the cash values applicable to the face amount reinsured. The reinsured face amount is the initial amount reinsured under this Agreement, or as reset by subsequent scheduled or fully underwritten increases. Commuted values, if applicable, or any comparable approximation agreed to between the Company and the Reinsurer, may be used to determine the net amount at risk. b) For term plans the net amount at risk will be based on the reinsured face amount. c) For VUL and UL Life type plans, if the death benefit is Option A, the reinsured net amount at risk will be the difference between the reinsured face amount and the account values applicable to the face amount reinsured. If the death benefit is Option B, the reinsured net amount at risk will be the reinsured face amount. For other Options, such as the specified amount plus return of premium, the net amount at risk equals the difference between the share of the death benefit reinsured and the applicable cash or fund value. Increases in the amount at risk due to contractual provisions contained within the reinsured policies, Cost of Living Rider increases or fluctuations in the amount at risk caused by the normal workings of the cash value fund in Universal Life type plans will be shared by the Company and the Reinsurer using the same retention method as for the base policy.

NET AMOUNTS AT RISK. a) For Fixed Benefit Plans, the reinsured net amount at risk will be the difference between the reinsured face amount and the cash values applicable to the face amount reinsured. The reinsured face amount is the initial amount reinsured under this Agreement, or as reset by subsequent scheduled or fully underwritten increases. Commuted values, if applicable, or any comparable approximation agreed to between the Company and the Reinsurer, may be used to determine the net amount at risk. b) For term plans the net amount at risk will be based on the reinsured face amount. c) For VUL Variable Benefit Plans, the reinsured net amount at risk will be the difference between the reinsured face amount and the account value applicable to the face amount reinsured. The reinsured face amount is the initial amount reinsured under this Agreement, or as reset by subsequent scheduled or fully underwritten increases. For reinsured net amount at risk purposes, the account value is that which is in effect for each reinsurance premium accounting period. For UL Life type plans, if the death benefit is Option A, the reinsured net amount at risk will be the difference between the reinsured face amount and the account values applicable to the face amount reinsured. If the death benefit is Option B, the reinsured net amount at risk will be the reinsured face amount. For other Options, such as the specified amount plus return of premium, the net amount at risk equals the difference between the share of the death benefit reinsured and the applicable cash or fund value. Increases in the amount at risk due to contractual provisions contained within the reinsured policies, Cost of Living Rider increases or fluctuations in the amount at risk caused by the normal workings of the cash value fund in Universal Life type plans will be shared by the Company and the Reinsurer using the same retention method as for the base policy.

NET AMOUNTS AT RISK. a) For Fixed Benefit Plans, the reinsured net amount at risk will be the difference between the reinsured face amount and the cash values applicable to the face amount reinsured. The reinsured face amount is the initial amount reinsured under this Agreement, or as reset by subsequent scheduled or fully underwritten increases. Commuted values, if applicable, or any comparable approximation agreed to between the Company and the Reinsurer, may be used to determine the net amount at risk. b) For term plans the net amount at risk will be based on the reinsured face amount. c) For VUL Variable Benefit Plans, the reinsured net amount at risk will be the difference between the reinsured face amount and the account value applicable to the face amount reinsured. The reinsured face amount is the initial amount reinsured under this Agreement, or as reset by subsequent scheduled or fully underwritten increases. For reinsured net amount at risk purposes, the account value is that which is in effect for each reinsurance premium accounting period. For UL Life type plans, if the death benefit is Option A, the reinsured net amount at risk will be the difference between the reinsured face amount and the account values applicable to the face amount reinsured. If if the death benefit is Option B, the reinsured net amount at risk will be the reinsured face amount. For other Options, such as the specified amount plus return of premium, the net amount at risk equals the difference between the share of the death benefit reinsured and the applicable cash or fund value. Increases in the amount at risk due to contractual provisions contained within the reinsured policies, Cost of Living Rider increases or fluctuations in the amount at risk caused by the normal workings of the cash value fund in Universal Life type plans will be shared by the Company and the Reinsurer using the same retention method as for the base policy.

NET AMOUNTS AT RISK. a) For Fixed Benefit Plans, the reinsured net amount at risk will be the difference between the reinsured face amount and the cash values applicable to the face amount reinsured. The reinsured face amount is the initial amount reinsured under this Agreement, or as reset by subsequent scheduled or fully underwritten increases. Commuted values, if applicable, or any comparable approximation agreed to between the Company and the Reinsurer, may be used to determine the net amount at risk. b) For term plans the net amount at risk will be based on the reinsured face amount.. ODB# 103515US-09 c) For VUL Variable Benefit Plans, the reinsured net amount at risk will be the difference between the reinsured face amount and the account value applicable to the face amount reinsured. The reinsured face amount is the initial amount reinsured under this Agreement, or as reset by subsequent scheduled or fully underwritten increases, or if the Company has full retention on the risk, the Reinsurer will take all of the excess because of market adjustments in the policy. For reinsured net amount at risk purposes, the account value is that which is in effect for each reinsurance premium accounting period. For UL Life type plans, if the death benefit is Option A, the reinsured net amount at risk will be the difference between the reinsured face amount and the account values applicable to the face amount reinsured. If the death benefit is Option B, the reinsured net amount at risk will be the reinsured face amount. For other Options, such as the specified amount plus return of premium, the net amount at risk equals the difference between the share of the death benefit reinsured and the applicable cash or fund value. Increases in the amount at risk due to contractual provisions contained within the reinsured policies, Cost of Living Rider increases or fluctuations in the amount at risk caused by the normal workings of the cash value fund in Universal Life type plans will be shared by the Company and the Reinsurer using the same retention method as for the base policy.

NET AMOUNTS AT RISK. a) For Fixed Benefit Plans, the reinsured net amount at risk will be the difference between the reinsured face gross amount of reinsurance and the cash values of the Company applicable to the face amount reinsured. The reinsured face amount is and subject to the initial amount reinsured under this Agreement, or as reset by subsequent scheduled or fully underwritten increases“five year level decrement” (if appropriate) method of approximation. Commuted values, if applicable, or any comparable approximation agreed to between the Company and the Reinsurer, may be used to determine the net amount at risk. b) For term plans the net amount at risk will be based on the reinsured face amount. c) For VUL Variable Benefit Plans, the reinsured net amount at risk will be the difference between the reinsured face amount and the account value applicable to the face amount reinsured. The reinsured face amount is the initial amount reinsured under this Agreement, or as reset by subsequent scheduled or fully underwritten increases. For reinsured net amount at risk purposes, the account value is that which is in effect for each reinsurance premium accounting period. For UL Life type plans, if the death benefit is Option A, the reinsured net amount at risk will be the difference between the reinsured face amount and the account values applicable to the face amount reinsured. If the death benefit is Option B, the reinsured net amount at risk will be the reinsured face amount. For other Options, such as the specified amount plus return of premium, the net amount at risk equals the difference between the share of the death benefit reinsured and the applicable cash or fund value. Increases in the amount at risk due to contractual provisions contained within the reinsured policies, Cost of Living Rider increases or fluctuations in the amount at risk caused by the normal workings of the cash value fund in Universal Life type plans will be shared by the Company and the Reinsurer using the same retention method as for the base policy.