Common use of Reinsured Net Amounts At Risk Clause in Contracts

Reinsured Net Amounts At Risk. For 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 reinsured face amount. 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 Universal Life type plans, if the death benefit is Option A, the reinsured net amount at risk will be the difference between the reinsured death benefit and the account values applicable to the reinsured face amount of the policy. If the death benefit is Option B, the reinsured net amount at risk will be the reinsured face amount. 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. The Reinsurer agrees to participate on its proportionate share of formula-driven increases after policy issue until the death benefit for a policy has increased to a maximum of two times the initial specified amount. I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx)

Reinsured Net Amounts At Risk. For 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 reinsured face amount. 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 Universal Life type plans, if the death benefit is Option A, the reinsured net amount at risk will be the difference between the reinsured death benefit and the account values applicable to the reinsured face amount of the policy. If the death benefit is Option B, the reinsured net amount at risk will be the reinsured face amount. 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. The Reinsurer agrees to participate on its proportionate share of formula-driven increases after policy issue until the death benefit for a policy has increased to a maximum of two times the initial specified amount. I414849US-12 I414848US-12 (11-01-2011) QT#04028US11 (COLI & BXXx)