YEARLY RENEWABLE TERM PREMIUMS. A. Plans of insurance listed in Exhibit B will be reinsured on a yearly renewable term basis. The mortality risk shall be the net amount at risk on that portion of the certificate which is reinsured with the REINSURER.
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YEARLY RENEWABLE TERM PREMIUMS. A. Plans of insurance listed in Exhibit B will be reinsured on a the yearly renewable term basisbasis with the Reinsurer participating only in mortality risks (not cash values, loans, dividends or other features specific to permanent policies). The mortality risk shall be the net amount at risk on that portion of the certificate policy which is reinsured with the REINSURERReinsurer.
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Samples: Automatic and Facultative Yearly Renewable Term Agreement (National Variable Life Insurance Account)
YEARLY RENEWABLE TERM PREMIUMS. A. Plans of insurance listed in Exhibit B will be reinsured on a the yearly renewable term basisbasis with THE REINSURER participating only in mortality risks (not cash values, loans, dividends or other features specific to permanent policies). The mortality risk shall be the net amount at risk on that portion of the certificate policy which is reinsured with the THE REINSURER.
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Samples: Facultative Yearly Renewable Term Agreement (Security Equity Life Insurance Co Separate Account 13)
YEARLY RENEWABLE TERM PREMIUMS. A. Plans of insurance listed in Exhibit B will be reinsured on a the yearly renewable term basisbasis with the REINSURER participating only in mortality risks (not cash values, loans, dividends or other features specific to permanent policies). The mortality risk shall be the net amount at risk on that portion of the certificate policy which is reinsured with the REINSURER.
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Samples: Yearly Renewable Term Agreement (Protective Variable Life Separate Account)
YEARLY RENEWABLE TERM PREMIUMS. A. Plans of insurance listed in Exhibit B will be reinsured on a the yearly renewable term basisbasis with the REINSURER participating only in mortality risks (not cash values, loans, dividends or other features specific to permanent policies). The mortality risk shall be the net amount at risk on that portion of the certificate Policy which is reinsured with the REINSURER. Accelerated Death Benefits shall completely settle the Policy and are therefore considered as included in the net amount of mortality risk.
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Samples: Reinsurance Agreement (Separate Account B of Paragon Life Insurance Co)
