Universal Life Plans. The amount at risk of the policy is defined to be the death benefit minus the account value. The reinsured amount at risk is the amount at risk of the policy at each policy duration, minus the initial amount retained by the Company, times the Reinsurer’s quota share percentage, as stated in Exhibit C.
Appears in 2 contracts
Sources: Reinsurance Agreement (COLI VUL-4 Series Account of First Great-West Life & Annuity Insurance CO), Reinsurance Agreement (COLI VUL-4 Series Account of First Great-West Life & Annuity Insurance CO)