AUTOMATIC PORTION REINSURED. US/Canadian Residents SWISS RE will automatically reinsure an amount equal to 20% of the net amount at risk related to the face amount of insurance. 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), Reinsurance Agreement (Pruco Life Variable Universal Account)
AUTOMATIC PORTION REINSURED. US/Canadian Residents SWISS ANNUITY & LIFE RE will automatically reinsure an amount equal to 20% of the net amount at risk related to the face amount of insurance. 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. Non US/Canadian Residents ANNUITY & LIFE RE will automatically reinsure an amount equal to 20% of the net amount at risk related to the face amount of insurance.
Appears in 2 contracts
Sources: Reinsurance Agreement (Pruco Life Variable Universal Account), Reinsurance Agreement (Pruco Life Variable Universal Account)