Flat Extras. The total premium remitted to the Reinsurer will include the Reinsurer’s Proportionate Share of the Flat Extra premium charged the insured. The Reinsurer shall pay an expense allowance as a percentage of the Flat Extra premium as shown below. Temporary (1-5 Years) 20% 20% Permanent (6 Years & Greater) 100% 20% Permanent Flat Extras shall not drop off but will apply for the life of the policy. The additional Flat Extra premium paid to the Reinsurer is calculated based on the Reinsured Net Amount at Risk for all universal life policies and the initial reinsured face amount for all other policy types.
Appears in 2 contracts
Sources: Reinsurance Agreement (Allstate Assurance Co Variable Life Separate Account), Reinsurance Agreement (Allstate Life of N Y Var Life Sep Acct A)