Universal Life Plans Sample Clauses

Universal Life Plans. The amount at risk of the policy is defined to be the death benefit minus the account value. The reinsured amount at risk is the amount at risk of the policy at each policy duration, minus the initial amount retained by the Company, times the Reinsurer’s quota share percentage, as stated in Exhibit C.

Universal Life Plans. The Reinsurer's net amount at risk shall be the insurance face amount less the account value less the Ceding Company's retention.