Living Benefit. The Living Benefit is the amount of the accelerated benefit that we will pay to you under this rider. The Living Benefit is equal to the Eligible Proceeds, actuarially reduced to reflect: . the life expectancy of the Claimant, as determined by us; and . the amount of future premiums required to keep the policy in force for a 12 month period beginning with the date we receive proof of the terminal illness; and . the Interest Rate. The Interest Rate we will use to determine the Living Benefit will be the smaller of A and B, where
Appears in 4 contracts
Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)
