Common use of Multiple Extras Clause in Contracts

Multiple Extras. For substandard risks issued at table ratings for the Company’s non-interest sensitive products reinsured hereunder, the attached standard YRT rates apply. Multiply the rates by the appropriate mortality factor to determine the reinsurance premium.

Appears in 2 contracts

Sources: Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A), Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B)

Multiple Extras. For substandard risks issued at table ratings for the Company’s non-interest sensitive products reinsured hereunder, the attached standard YRT rates apply. Multiply the rates by the appropriate mortality factor below. The single life rates are adjusted with the appropriate multiple extras prior to determine the reinsurance premiumFrasierization calculation.

Appears in 1 contract

Sources: Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B)