| In many countries, a Global Retro can initially reduce the premium paid for life coverage and disability riders. The amount of the reduction is based on each subsidiary's claims experience, as well as the client's overall experience in its International Account.
The local terms and conditions as they affect the beneficiary are not altered in any way under this arrangement. In the event of an international deficit, the subsidiary repays some or all of the unpaid premium, but never more than the total premium payable in the absence of the Global Retro.
|
