AUTOMATIC PORTION REINSURED. US/Canadian Residents THE REINSURER will automatically reinsure an amount equal to 10% of the net amount at risk related to the face amount of insurance up to the First Layer of Coverage amounts shown in Schedule A, Section 4.B, below. The net amount of risk is determined as of the issue date and each subsequent policy anniversary and is defined as the death benefit minus the contract fund.
Appears in 2 contracts
Sources: Reinsurance Agreement (Pruco Life Variable Universal Account), Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account)
AUTOMATIC PORTION REINSURED. US/Canadian Residents THE REINSURER will automatically reinsure an amount equal to 10% of the net amount at risk related to the face amount of insurance up to the First Layer of Coverage amounts shown in Schedule A, Section 4.B, 4.B. below. The net amount of risk is determined as of the issue date and each subsequent policy anniversary and is defined as the death benefit minus the contract fund.
Appears in 2 contracts
Sources: Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account)