ANNUITY BENEFITS. The Reinsurer will pay the Ceding Company that portion of Annuity Benefits paid by the Ceding Company on annuities reinsured hereunder which corresponds to the portion of the annuities reinsured hereunder. The Reinsurer s obligation will be satisfied in full by the payment to the Ceding Company of that portion of the Account Value, as of the date of annuitization, which corresponds to the portion of the annuities reinsured hereunder.
Appears in 2 contracts
Samples: Reinsurance Agreement (Nasl Variable Account), Reinsurance Agreement (Nasl Variable Account)
ANNUITY BENEFITS. The Reinsurer will pay the Ceding Company that portion of Annuity Benefits paid by the Ceding Company on annuities reinsured hereunder which corresponds to the portion of the annuities reinsured hereunder. The Reinsurer s Reinsurer's obligation will be satisfied in full by the payment to the Ceding Company of that portion of the Account Value, as of the date of annuitization, which corresponds to the portion of the annuities reinsured hereunder.
Appears in 2 contracts
Samples: Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H), Reinsurance Agreement (Hartford Life Insurance Co Separate Account Two)
