Common use of CONTRACTUAL CONVERSIONS AND EXCHANGES Clause in Contracts

CONTRACTUAL CONVERSIONS AND EXCHANGES. In the event of a contractual conversion or exchange (i.e., conversion or exchange that requires no evidence of insurability) Life Re will reinsure the risk resulting from such conversion or exchange at the rates shown in Schedule C on point-in-scale basis (using the original issue age and duration from the original issue) and the percentages of Schedule D on a point-in-scale basis. The reinsured amount at risk on the policy or policies being converted may not exceed the current reinsured amount at risk on the policy or policies being converted or exchanged. If the conversion or exchange results in an increase of risk, the amount of increase will be subject to evidence of insurability.

CONTRACTUAL CONVERSIONS AND EXCHANGES. In the event of a contractual conversion or exchange (i.e., conversion or exchange that requires no evidence of insurability) Life Re will reinsure the risk resulting from such conversion or exchange at the rates shown in on Schedule C on point-in-scale basis (using the original issue age and duration from the original issue) and the percentages discounts of Schedule D on a point-in-scale basis. The reinsured amount at risk on the policy or policies being converted may not exceed the current reinsured amount at risk on the policy or policies being converted or exchanged. If the conversion or exchange results in an increase of risk, the amount of increase will be subject to evidence of insurability.

CONTRACTUAL CONVERSIONS AND EXCHANGES. In the event of a contractual conversion or exchange (i.e., i.e. conversion or exchange that requires no evidence of insurability) Life Re the Reinsurer will reinsure the risk resulting from such conversion or exchange at the rates shown in Schedule C on point-in-scale basis (using the original issue age and duration from the original issue) and the percentages allowances of Schedule D on a point-in-scale basis. The reinsured amount at risk on the policy or policies being converted covered may not exceed the current reinsured amount at risk on the policy or policies being converted or exchanged. If the conversion or exchange results in an increase of risk, the amount of increase will be subject to evidence of insurability.

CONTRACTUAL CONVERSIONS AND EXCHANGES. In the event of a contractual conversion or exchange (i.e., conversion or exchange that requires no evidence of insurability) Life life Re will reinsure the risk resulting from such conversion or exchange at the rates shown in Schedule C on point-in-scale basis (using the original issue age and duration from the original issue) and the percentages discounts/allowance of Schedule D on a point-in-scale basis. The reinsured amount at risk on the policy or policies being converted may not exceed the current reinsured amount at risk on the policy or policies being converted or exchanged. If the conversion or exchange results in an increase of risk, the amount of increase will be subject to evidence of insurability.