ACCELERATED DEATH BENEFIT PROGRAM. The Reinsurer shall not participate in any payments of the Company’s Accelerated Death Benefit. Upon the death of the insured, the Reinsurer will pay its proportionate share of the reinsured net amount at risk, including any amounts previously accelerated, calculated at the date of death.
Appears in 2 contracts
Sources: Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B), Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)
ACCELERATED DEATH BENEFIT PROGRAM. The Reinsurer shall not be required to participate in any payments of the Company’s Accelerated Death Benefit. Upon the death of the insured, the Reinsurer will pay its proportionate share of the reinsured net amount at risk, including any amounts previously accelerated, accelerated calculated at the date of death.
Appears in 1 contract
Sources: Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)