Reduced Paid-up. If the original policy lapses and reduced paid-up insurance is elected under the terms of the policy, the amount reinsured will be reduced in accordance with paragraph 1.
Appears in 3 contracts
Samples: Reinsurance Agreement (Symetra Separate Account Sl), Automatic Yearly Renewable Term Reinsurance Agreement (Symetra Separate Account Sl), Automatic Yearly Renewable Term Reinsurance Agreement (Symetra Separate Account Sl)
Reduced Paid-up. If the original policy Original Policy lapses and reduced paid-up insurance is elected under the terms of the policy, the amount reinsured will be reduced in accordance with paragraph 1the procedures outlined in Article 6.1.
Appears in 3 contracts
Samples: Reinsurance Agreement (Ameritas Variable Separate Account V), Reinsurance Agreement (Ameritas Life Insurance Corp Separate Account LLVL), Reinsurance Agreement (Allstate Life of N Y Var Life Sep Acct A)
Reduced Paid-up. If the original policy Original Policy lapses and reduced paid-up insurance is elected under the terms of the policy, the amount reinsured will be reduced in accordance with paragraph 1the procedures outlined in Article 6.
Appears in 2 contracts
Samples: Reinsurance Agreement (Symetra Separate Account Sl), Reinsurance Agreement (Allstate Assurance Co Variable Life Separate Account)
Reduced Paid-up. If the original policy lapses and reduced paid-up insurance is elected under the terms of the policy, the amount reinsured will be reduced in accordance with paragraph 1Article 7.1.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (New York Life Ins & Annuity Corp Var Univ Life Sep Acc I)
Reduced Paid-up. If the original policy Original Policy lapses and reduced paid-up insurance is elected under the terms of the policy, the amount reinsured and the amount retained will be reduced proportionately in accordance with paragraph 1the procedures described in Article 6.1.
Appears in 1 contract
Samples: Reinsurance Agreement (Thrivent Variable Life Account I)
Reduced Paid-up. If the original policy Original Policy lapses and reduced paid-up insurance is elected under the terms of the policy, the amount reinsured will be reduced reduces in accordance with paragraph 1the procedures outlined in Article 6.1.
Appears in 1 contract
Samples: Reinsurance Agreement (Farmers Variable Life Separate Account A)
Reduced Paid-up. If the original policy lapses and Policy changes to reduced paid-up insurance is elected under the terms of the policyPolicy, the amount reinsured will be reduced in accordance with paragraph 1Article 6, Section 1 above.
Appears in 1 contract
Samples: Reinsurance Agreement (Minnesota Life Individual Variable Universal Life Account)
