Common use of LIFE REINSURANCE Clause in Contracts

LIFE REINSURANCE. Reinsurance premiums per $1,000 are shown in Schedule B. The mode of payment will be monthly. Each monthly premium will be calculated using (1) the issue age of the insured under the policy, (2) the duration since issuance of the policy and (3) the current underwriting classification. The duration since issue will be measured in whole years. Any fractional portion of a year since issue will be ignored.

LIFE REINSURANCE. Reinsurance premiums per $1,000 are shown in Schedule B. The mode of payment will be monthly. Each monthly premium will be calculated using (1) the issue age of the insured under the policy, (2) the duration since issuance of the policy and (3) the current underwriting classification. The duration since issue will be measured in whole years. Any fractional portion of a year since issue will be ignored.

LIFE REINSURANCE. Reinsurance premiums per $1,000 are shown in Schedule B. The mode of payment will be monthlyannual. Each monthly annual premium will be calculated using (1) the issue age of the insured under the policy, (2) the duration since issuance of the policy and (3) the current underwriting classification. The duration since issue will be measured in whole years. Any fractional portion of a year since issue will be ignored.