FLAT EXTRA PREMIUMS. The flat extra premium will be the annual flat premium which the Ceding Company charges the policy owner on that amount of insurance reinsured less the following allowances on all products: Duration of Flat Extra First Year Years 2 + ---------------------- ----------- --------- 5 Years or less 10% 10% More than 5 Years 85% 10%
Appears in 1 contract
Sources: Reinsurance Agreement (Minnesota Life Variable Life Account)
FLAT EXTRA PREMIUMS. The flat extra premium will be the annual flat premium which the Ceding Company charges the policy owner on that amount of insurance reinsured less the following allowances on all products: Duration of Flat Extra First Year Years 2 + ---------------------- ----------- --------- 5 Years or less 10% 10% More than 5 Years 85% 10%:
Appears in 1 contract
Sources: Reinsurance Agreement (Minnesota Life Individual Variable Universal Life Account)