Nonforfeiture Benefits. Nonforfeiture benefits are not applicable to policies reinsured under this Agreement. IDSL-NY Succession Select Treaty
Nonforfeiture Benefits. Life Re will not participate in nonforfeiture benefits.
Nonforfeiture Benefits. If the original policy lapses and extended term insurance or reduced paid-up insurance is granted under the terms of the policy, the Reinsurer, upon notification of such change, will proportionately adjust the amount of reinsurance and accept appropriately adjusted reinsurance premiums calculated in the same manner as reinsurance premiums were calculated on the original policy. However, the Reinsurer shall not provide coverage for extended term insurance on policies originally issued at substandard ratings greater than 150% of standard or the equivalent in flat extra premium unless the Reinsurer specifically agrees in advance to do so.
Nonforfeiture Benefits. (A) EXTENDED TERM If the original policy lapses and extended term insurance is elected under the terms of the policy, reinsurance will continue on the same basis as under the original policy until the expiry of the extended term period.
Nonforfeiture Benefits. 9 ARTICLE 8 - CONVERSIONS, EXCHANGES, AND REPLACEMENTS.............................................................10
Nonforfeiture Benefits. The Reinsurer will not participate in nonforfeiture benefits.
Nonforfeiture Benefits. Reduced paid-up will be treated as a reduction in ---------------------- accordance with Paragraph 2 above. Extended term will be continued on a basis proportionate to the reinsurance risk before the extended term option was effected. Approximations and methods to simplify handling may be agreed upon by the Life Company and SWLIC.
Nonforfeiture Benefits. Life Re will participate in the mortality risks associated with nonforfeiture benefits under whole life policies at the rates set forth in Schedule C.
Nonforfeiture Benefits. 6.6 Cash Surrenders 6.7
Nonforfeiture Benefits. 9 Conversions, Exchanges and Replacements......................................... 9 8.1 Conversions............................................................ 9 8.2 Exchanges and Replacements............................................. 10 Claims.......................................................................... 10 9.1 Notice................................................................. 10 9.2 Proofs................................................................. 10 9.3 Amount and Payment of Reinsurance Benefits............................. 10 9.4 Contestable Claims..................................................... 11 9.5 Claim Expenses......................................................... 11 9.6 Misrepresentation or Suicide........................................... 11 9.7 Misstatement of Age or Sex............................................. 11 9.8 Extra-Contractual Damages.............................................. 12
