Common use of Ultimate Amount Clause in Contracts

Ultimate Amount. The projected maximum face amount of a Policy that could be achieved based on certain assumptions made about the operation of the Policy during the insured’s lifetime.

Appears in 4 contracts

Sources: Modified Coinsurance Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A), Reinsurance Agreement (Nationwide VL Separate Account-G), Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)