REINSURED NET AMOUNT AT RISK Sample Clauses

REINSURED NET AMOUNT AT RISK. The Cash Value will be applied to the reinsured amount proportionately. When multiple layers are reinsured, the Cash Value will be applied proportionately to each layer. If multiple companies exist on a layer, the Cash Value will be split proportionately among the Reinsurers. The Reinsured Net Amount at Risk will be the difference between the reinsured face amount and the portion of the Cash Value corresponding to the reinsured face amount on the Policy. Term Riders: the net amount at risk will equal the reinsured face amount.
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REINSURED NET AMOUNT AT RISK. The percentage of Automatic Reinsurance ceded to the Reinsurer as specified in Exhibit C or the percentage ceded as modified pursuant to the Facultative Reinsurance process times the remainder of (1) the Policy Net Amount at Risk less (2) the Retention on the policy.
Sample 1
REINSURED NET AMOUNT AT RISK. 1. For the Level Death Benefit Option, the Cash Value will be applied to the reinsured amount proportionately. When multiple layers are reinsured, the Cash Value will be applied proportionately to each layer. If multiple companies exist on a layer, the Cash Value will be split proportionately among the Reinsurers. The Reinsured Net Amount at Risk will be the difference between the reinsured face amount and the portion of the Cash Value corresponding to the reinsured face amount on the Policy.
Sample 1

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