Common use of PRELIMINARY TERM INSURANCE Clause in Contracts

PRELIMINARY TERM INSURANCE. If the Company issued a policy with preliminary term insurance, the reinsurance premium for the preliminary term period will be paid to Life Re at the same rate the Company charges for the policies on which reinsurance in Life Re is based less commissions at the percentage paid by the Company. This rule applies to all benefits under the preliminary term insurance. For the first policy year after the preliminary term period, the premiums for all benefits will be computed at first year.

PRELIMINARY TERM INSURANCE. If the Company issued issues a policy with preliminary term insuranceterm, the reinsurance premium premiums for the preliminary term period will be paid to Life Re at the same rate as charged by the Company charges for the policies on which reinsurance in Life Re is based Company, less commissions at the same percentage as paid by the Company. This rule applies to , for the life reinsurance and all benefits under the preliminary term insurancereinsured benefits. For the first policy year after the preliminary term periodterm, premiums and allowances for the premiums for all life reinsurance and benefits will be computed at regular first yearpolicy year rates.

PRELIMINARY TERM INSURANCE. If the Company issued issues a policy with preliminary term insurance, the reinsurance premium for the preliminary term period will be paid to Life Re at the same rate the Company charges for the policies on which reinsurance in Life Re is based less commissions at the percentage paid by the Company. This rule applies to all benefits under the preliminary term insurance. For the first First policy year after the preliminary term period, the premiums and discounts for all benefits will be computed at first yearyear rates.