Non Forfeiture Benefits. If a Policy reinsured under this Agreement lapses to extended term or paid-up insurance, the Reinsurer shall share in an adjustment in the amount of reinsurance on the Policy in the same proportion as the reinsurance amount had to the insurance amount immediately prior to the Policy lapsing.
Appears in 3 contracts
Samples: Automatic and Facultative Yrt Reinsurance Agreement (C M Life Variable Life Separate Account I), Yrt Reinsurance Agreement (Massachusetts Mutual Variable Life Separate Account I), Massachusetts Mutual Variable Life Separate Account I
Non Forfeiture Benefits. If a Policy reinsured under this Agreement lapses to extended term or paid-up insurance, the Reinsurer shall share in an adjustment in the amount of reinsurance on the Policy in the same proportion as the reinsurance amount Reinsurer had to the insurance original amount immediately prior to the Policy lapsing.
Appears in 2 contracts
Samples: Automatic and Facultative Yrt Reinsurance Agreement (C M Life Variable Life Separate Account I), Massachusetts Mutual Variable Life Separate Account I
Non Forfeiture Benefits. If a Policy reinsured under this Agreement lapses to extended term or paid-up insurance, the Reinsurer shall share in an adjustment in the amount of reinsurance on the Policy in the same proportion as the reinsurance amount had to the insurance amount immediately prior to the Policy lapsing.
Appears in 1 contract
Samples: Automatic and Facultative Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I)
Non Forfeiture Benefits. If a Policy policy reinsured under this Agreement lapses to extended term or paid-up insurance, the Reinsurer shall share in an adjustment in the amount of reinsurance on the Policy policy in the same proportion as the reinsurance amount had to the insurance amount immediately prior to the Policy policy lapsing.
Appears in 1 contract
Samples: Automatic and Facultative Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I)
