Common use of Reinsurance Death Benefit Clause in Contracts

Reinsurance Death Benefit. 2. The Reinsurance Death Benefit will be rounded to the nearest dollar and will equal the Proportion of the Policy Reinsured multiplied by the difference between the death benefit and the cash value included in the death benefit. Proportion of the Policy Reinsured

Appears in 2 contracts

Samples: Automatic Reinsurance Agreement (American National Variable Life Separate Account), Mony America Variable Account L

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Reinsurance Death Benefit. 2. The Reinsurance Death Benefit will be rounded to the nearest dollar and will equal the Proportion of the Policy Reinsured multiplied by the difference between the death benefit and the cash account value included in the death benefit. Proportion of the Policy Reinsured

Appears in 2 contracts

Samples: Novation Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)

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