(c) = The projected tenth-year death benefit from any life insurance rider (term, cost of living, or adds rider); (d) = The total projected tenth-year cash value, excluding any dividend payable only at the completion of the tenth year. 3. The Net Amount at Risk reinsured for the int...
When a debt instrument is puttable at accreted value, we believe the discount or premium should be amortized over the contractual life of the debt such that the carrying amount of the debt is equal to the put price on the date the put is first exercisable. The discount or premium should ...
It is further understood that the expense thus incurred by THE REINSURER shall be chargeable, subject to court approval, against THE COMPANY as part of the expense of liquidation to the extent of a proportionate share of the benefit which may accrue to THE COMPANY solely as a result of the...