Net Amount at Risk definition

Net Amount at Risk as used in this agreement refers to the difference in the Death Benefit payable by the insurance carrier and the Cash Value of the policy(ies) owned by the Bank on the Director’s life.

Net Amount at Risk. The Net Amount at Risk on a monthly anniversary from the Policy Date is the death benefit minus the Cash Value, calculated prior to deduction of the base policy cost of insurance charge. On any other day, the Net Amount at Risk is the death benefit minus the Cash Value.

Net Amount at Risk. The Net Amount At Risk on a Monthly Anniversary Day is the death benefit minus the Cash Value, calculated prior to deduction of the base policy cost of insurance charge. On any other day, the Net Amount at Risk is the death benefit minus the Cash Value.

Examples of Net Amount at Risk in a sentence

• The charges shown for Cost of Insurance and Additional Insurance Benefits are expressed as rates per $1,000 of Net Amount at Risk.

• The charge for this rider is the Monthly Rider Rate times the Rider Net Amount at Risk divided by 1,000.

• In a study across 15 carriers comparing the cumulative policy charges per $1M of Net Amount at Risk between an IUL product and a traditional UL product the IUL policy charges were approximately 45% higher over a 45-year period.18 During times of sustained low interest rates and/or cyclical volatility, carriers often use increases in policy charges to subsidize higher, more attractive caps and participation rates.

• The Net Amount at Risk Discount Factor used in that provision is 1.00082954.

• In the event the Net Amount at Risk is zero or less than zero, there is no Insurance Charge for that month.

More Definitions of Net Amount at Risk

Net Amount at Risk will mean the total face amount of the policies (including death benefit by rider if applicable) reduced by the Cash Value of the Policies.

Net Amount at Risk means the amount by which your Certificate's Death Benefit (computed as if there were no Certificate Debt) exceeds your Certificate Fund.

Net Amount at Risk has the meaning assigned to such term in Exhibit B.

Net Amount at Risk as used herein shall mean, as respects each Subject Business contract, the amount by which the account value payable to the beneficiary upon death of the contract holder exceeds the cash surrender value at such time.

Net Amount at Risk means the difference in the death benefit payable by the Insurer and the cash value of any Policy.

Net Amount at Risk means the amount calculated by subtracting the account value from death benefit of the Policy.

Net Amount at Risk is defined as the Death Benefit (as defined in the Covered Policy) payable less the Policy Value (as defined in the Covered Policy), if any.