Common use of JUMBO LIMITS Clause in Contracts

JUMBO LIMITS. Automatic coverage of any risk will be granted only if the total amount inforce and applied for on the life in all insurance companies, including any amount to be replaced, does not exceed the amount below. $10,000,000

Appears in 1 contract

Sources: Automatic Coinsurance Agreement (Vericity, Inc.)

JUMBO LIMITS. Automatic coverage of any risk will be granted only if if, according to the Ceding Company's papers, the total amount inforce in force and applied for on the same life in with all insurance companies, including any amount to be replaced, companies does not exceed the amount applicable amounts shown below. : Life (with or without waiver of premium): $10,000,00025,000,000

Appears in 1 contract

Sources: Automatic Reinsurance Agreement (National Variable Life Insurance Account)

JUMBO LIMITS. Automatic coverage of any risk will be granted only if the total amount inforce in force and applied for on the life in all insurance companies, including any amount to be replaced, does not exceed the amount below. $10,000,00065,000,000.

Appears in 1 contract

Sources: Reinsurance Agreement (Penn Mutual Variable Life Account I)