8754-00-00
AUTOMATIC AND FACULTATIVE COINSURANCE REINSURANCE
AGREEMENT
(HEREINAFTER REFERRED TO AS THE "AGREEMENT")
BETWEEN
CUNA MUTUAL LIFE INSURANCE COMPANY
WAVERLY, IOWA, USA
(HEREINAFTER REFERRED TO AS THE "CEDING COMPANY")
and
RGA REINSURANCE COMPANY
ST. LOUIS, MISSOURI, USA
(HEREINAFTER REFERRED TO AS THE "REINSURER")
THIS AGREEMENT IS EFFECTIVE SEPTEMBER 1, 2003
(HEREINAFTER REFERRED TO AS THE "EFFECTIVE DATE")
TABLE OF CONTENTS
=================
ARTICLE TITLE PAGE
------- ----- ----
I PARTIES TO THE AGREEMENT 3
II COMMENCEMENT, TERMINATION AND CONTINUANCE OF REINSURANCE 3
III SCOPE 4
IV COVERAGE 5
V LIABILITY 6
VI RETENTION AND RECAPTURE 6
VII REINSURANCE PREMIUMS AND ALLOWANCES 6
VIII RESERVES 7
IX TERMINATIONS AND REDUCTIONS 7
X POLICY ALTERATIONS 7
XI POLICY ADMINISTRATION AND PREMIUM ACCOUNTING 8
XII CLAIMS 9
XIII ARBITRATION 10
XIV INSOLVENCY 11
XV OFFSET 12
XVI RIGHT TO INSPECT 12
XVII UNINTENTIONAL ERRORS, MISUNDERSTANDINGS OR OMISSIONS 12
XVIII CHOICE OF LAW, FORUM AND LANGUAGE 12
XIX CONFIDENTIALITY AND SHARING OF CUSTOMER INFORMATION 13
XX ALTERATIONS TO THE AGREEMENT 13
XXI EXECUTION OF THE AGREEMENT 14
SCHEDULES
---------
I REINSURANCE SPECIFICATIONS 15
II RETENTION 18
III BUSINESS COVERED 19
IV REINSURANCE PREMIUMS 20
V LIMITS 27
VI SAMPLE STATEMENT SPECIFICATIONS 28
VII SAMPLE POLICY EXHIBIT 29
VIII DEFINITIONS 30
2
ARTICLE I - PARTIES TO THE AGREEMENT
Reinsurance required by the Ceding Company will be assumed by the Reinsurer as
described in the terms of this Agreement.
This is an Agreement solely between the Reinsurer and the Ceding Company. In no
instance will anyone other than the Reinsurer or the Ceding Company have any
rights under this Agreement, and the Ceding Company is and will remain solely
liable to any insured, policyowner, or beneficiary under the Original Policies
reinsured hereunder.
The current general and special policy conditions, the premium schedules, and
underwriting guidelines of the Ceding Company, applying to the business covered
by this Agreement as set out in the Schedules, will form an integral part of
this Agreement. Additions or alterations to any of these conditions or
schedules will be reported to the Reinsurer without delay. In the case of
significant changes, both parties to the Agreement must agree to the new
reinsurance conditions.
ARTICLE II - COMMENCEMENT, TERMINATION AND CONTINUANCE OF REINSURANCE
1. AGREEMENT COMMENCEMENT
----------------------
Notwithstanding the date on which this Agreement is signed, this
Agreement will take effect as from the date shown in the attached
Schedule I, and applies to new business taking effect on and after this
date.
2. AGREEMENT TERMINATION
---------------------
This Agreement will be in effect for an indefinite period and may be
terminated as to new reinsurance at any time by either party giving
ninety (90) days written notice of termination. The day the notice is
mailed to the other party's home office, or, if the mail is not used, the
day it is delivered to the other party's home office or to an officer of
the other party will be the first day of the ninety (90) day period.
During the ninety (90) day period, this Agreement will continue to
operate in accordance with its terms.
3. POLICY TERMINATION
------------------
If the policy is terminated by death, lapse, surrender or otherwise, the
reinsurance will terminate on the same date. If premiums have been paid
on the reinsurance for a period beyond the termination date, refunds will
follow the terms as shown in Schedule I.
If the policy continues in force without payment of premium during any
days of grace pending its surrender, whether such continuance be as a
result of a policy provision or a practice of the Ceding Company, the
reinsurance will also continue without payment of premium and will
terminate on the same date as the Ceding Company's risk terminates.
If the policy continues in force because of the operation of an automatic
premium loan provision, or other such provision by which the Ceding
Company receives compensation for its risk, then the reinsurance will
also continue and the Ceding Company will pay the Reinsurer the
reinsurance premium for the period to the date of termination.
4. CONTINUATION OF REINSURANCE
---------------------------
On termination of this Agreement in accordance with the provisions in
paragraph two of this Article, the reinsurance ceded will remain in force
subject to the terms and conditions of this Agreement until their natural
expiry.
3
ARTICLE III - SCOPE
1. RETENTION OF THE CEDING COMPANY
-------------------------------
The type and amount of the Ceding Company's retention on any one life is
as shown in Schedule II. In determining all reinsured face amounts in
each case, any additional death benefits on the same life (e.g.
additional term insurance or family income benefits) will be taken into
account, as will all reinsured face amounts under any other existing
policies, at the time of commencement, of the policy ceded under this
Agreement.
The Ceding Company may alter its retention in respect of future new
business at any time. The Ceding Company will promptly notify the
Reinsurer of such alteration and its effective date.
2. CURRENCY
--------
All reinsurance to which the provisions of this Agreement apply will be
effected in the same currencies as that expressed in the Original
Policies and as shown in Schedule I.
3. THE REINSURER'S SHARE
---------------------
The Reinsurer's share is as shown in Schedule V.
4. BASIS OF REINSURANCE
--------------------
Plans of insurance listed in Schedule III will be reinsured on the basis
described in Schedule I, using the rates given in the Rate Schedule as
shown in Schedule IV.
5. REINSURANCE ALLOWANCES
----------------------
The Reinsurer will pay to the Ceding Company the reinsurance allowance,
if any, as shown in Schedule IV. If any reinsurance premiums or
installments of reinsurance premiums are returned to the Ceding Company,
any corresponding reinsurance allowance previously credited to the Ceding
Company, will be reimbursed to the Reinsurer.
6. PREMIUM RATE GUARANTEE
----------------------
Premium rate guarantees, if any, are as shown in Schedule IV.
7. POLICY FEES
-----------
Policy fees, if any, are as shown in Schedule IV.
8. TAXES
-----
Taxes, if any, are as shown in Schedule I.
9. EXPERIENCE REFUND OR PROFIT COMMISSION
--------------------------------------
If an Experience Refund or Profit Commission is payable under this
Agreement, the conditions and formula are as shown in Schedule IV.
10. EXPENSE OF THE ORIGINAL POLICY
------------------------------
The Ceding Company will bear the expense of all medical examinations,
inspection fees and other charges incurred in connection with the
Original Policy.
4
ARTICLE IV - COVERAGE
AUTOMATIC PROVISIONS
--------------------
For each risk on which reinsurance is ceded, the Ceding Company's
retention at the time of issue will take into account both currently
issued and previously issued policies.
The Ceding Company must cede and the Reinsurer must automatically accept
reinsurance, if all of the following conditions are met for each life:
1. RETENTION
---------
The Ceding Company has retained its limit of retention as shown in
Schedule II; and
2. PLANS AND RIDERS
----------------
The basic plan or supplementary benefit, if any, is shown in Schedule
III; and
3. AUTOMATIC ACCEPTANCE LIMITS
---------------------------
The underwriting class, age, minimum reinsurance amount, binding
amounts and jumbo limits fall within the automatic limits as shown in
Schedule V; and
4. UNDERWRITING
------------
The risk is underwritten according to the Ceding Company's Standard
Guidelines; and
The Ceding Company has never made facultative application for
reinsurance on the same life to the Reinsurer or any other Reinsurer;
and
5. RESIDENCE
---------
The risk is a resident of the countries, as shown in Schedule I.
If, for a given application, the Ceding Company cannot comply with the
automatic reinsurance conditions described above, or if the Ceding
Company submits the application to other Reinsurers for their facultative
assessment, the Ceding Company can submit this application to the
Reinsurer on a facultative basis.
FACULTATIVE PROVISIONS
----------------------
The Ceding Company will send copies of the original applications, all
medical reports, inspection reports, attending physician's statement, and
any additional information pertinent to the insurability of the risk to
the Reinsurer.
The Ceding Company will also notify the Reinsurer of any underwriting
information requested or received after the initial request for
reinsurance is made. For policies which contain automatic increase
provisions, the Ceding Company will inform the Reinsurer of the initial
and ultimate risk amounts for which reinsurance is being requested, or in
the case of indexed amounts, the basis of the indexing.
On a timely basis, the Reinsurer will submit a written decision to the
Ceding Company, In no case will the Reinsurer's offer on facultative
submissions be open after one hundred twenty (120) days have elapsed from
the date of the Reinsurer's offer to participate in the risk. Acceptance
of the offer and delivery of the policy according to the rules of the
Ceding Company must occur within one hundred twenty (120) days of the
final reinsurance offer. Unless the Reinsurer explicitly states in
writing that the final offer is extended, the offer will be automatically
withdrawn at the end of day one hundred twenty (120).
The Reinsurer will not be liable for proceeds paid under the Ceding
Company's Conditional Receipt or temporary insurance agreement for risks
submitted on a facultative basis.
5
ARTICLE V - LIABILITY
The liability of the Reinsurer for all claims within automatic cover and all
claims arising after facultative acceptance as described in Article IV, will
commence simultaneously with that of the Ceding Company and will cease at the
same time as the liability of the Ceding Company ceases.
ARTICLE VI - RETENTION AND RECAPTURE
If the Ceding Company changes its limit of retention as shown in Schedule II,
written notice of the change will promptly be given to the Reinsurer. At the
option of the Ceding Company, a corresponding reduction may be made in the
reinsurance in force under this Agreement, on all lives, on which the Ceding
Company has maintained its maximum limit of retention, provided that all
eligible business is reduced on the same basis. The Ceding Company may apply the
new limits of retention to existing reinsurance and reduce and recapture
reinsurance inforce in accordance with the following rules:
1. No recapture will be made unless reinsurance has been in force for the
minimum period shown in Schedule I.
2. Recapture will become effective on the policy anniversary date following
written notification of the Ceding Company's intent to recapture.
3. No recapture will be made unless the Ceding Company retained its maximum
limit of retention for the plan, age and mortality rating at the time the
policy was issued. No recapture will be allowed in any class of fully
reinsured business or in any classes of risks for which the Ceding
Company established special retention limits less than the Ceding
Company's maximum retention limits for the plan, age, and mortality
rating at the time the policy was issued.
4. If any reinsurance is recaptured, all reinsurance eligible for recapture,
under the provisions of this Article, must be recaptured.
5. If there is reinsurance with other reinsurers on risks eligible for
recapture, the necessary reduction is to be applied to each company in
proportion to the total outstanding reinsurance.
ARTICLE VII - REINSURANCE PREMIUMS AND ALLOWANCES
1. LIFE REINSURANCE
----------------
Premiums for life and supplemental benefit reinsurance will be as shown
in Schedule IV.
2. SUBSTANDARD PREMIUMS
--------------------
Premiums will be increased by any Flat Extra Premium as shown in Schedule
IV, charged the insured on the face amount initially reinsured. Premiums
will be increased by any substandard premium as shown in Schedule IV,
charged the insured on the Reinsurer's share of the face amount.
3. JOINT POLICY PREMIUMS
---------------------
In the case of joint policy premiums, if any, the premium rate payable to
the Reinsurer will be as shown in Schedule IV.
4. SUPPLEMENTAL BENEFITS
---------------------
The Reinsurer will receive a proportionate share of any premiums for
additional benefits as shown in Schedule IV, as well as for any extra
premiums the Ceding Company may collect for the coverage of special risks
(traveling, climate, occupation, etc.). This share will be based on the
ratio between the Reinsurer's share of the face amount and the total
initial benefits insured and will remain constant throughout the entire
period of premium payment.
6
ARTICLE VIII - RESERVES
Reserve requirements of the Ceding Company, if any, are as shown in Schedule I.
ARTICLE IX - TERMINATIONS AND REDUCTIONS
Terminations or reductions will take place in accordance with the following
rules in order of priority:
1. The Ceding Company must keep its initial or recaptured retention on the
policy.
2. Termination or reduction of a wholly reinsured policy will not affect
other reinsurance inforce.
3. A termination or reduction on a wholly retained case will cause an equal
reduction in existing automatic reinsurance with the oldest policy being
reduced first.
4. A termination or reduction will be made first to reinsurance of partially
reinsured policies with the oldest policy being reduced first.
5. If the policies are reinsured with multiple reinsurers, the reinsurance
will be reduced by the ratio of the amount of reinsurance in each company
to the total outstanding reinsurance on the risk involved.
6. When a policy is reinstated, reinsurance will be reinstated as if the
lapse or reduction had not occurred.
ARTICLE X - POLICY ALTERATIONS
1. REINSTATEMENT
-------------
Any policy originally reinsured in accordance with the terms and
conditions of this Agreement by the Ceding Company may be automatically
reinstated with the Reinsurer as long as the policy is reinstated in
accordance with the terms and rules of the Ceding Company. Any policy
originally reinsured with the Reinsurer on a facultative basis which has
been in a lapsed status for more than ninety (90) days must be submitted
with underwriting requirements and approved by the Reinsurer before it is
reinstated. The Ceding Company will pay the Reinsurer its share of
amounts collected or charged for the reinstatement of such policies.
2. EXTENDED TERM AND REDUCED PAID-UP INSURANCE
-------------------------------------------
If the Original Policy lapses and extended term insurance or reduced
paid-up insurance is elected under the terms of the policy, reinsurance
will be proportionately adjusted. The reinsurance premiums will be
calculated in the same manner as reinsurance premiums were calculated on
the Original Policy.
3. EXCHANGES OR CONVERSIONS
------------------------
An exchange or conversion is a new policy replacing a policy issued
earlier by the Ceding Company or a change in an existing policy that is
issued or made either:
1. Under the terms of the Original Policy, or
2. Without the same new underwriting information the Ceding Company
would obtain in the absence of the Original Policy, or
3. Without a suicide exclusion period, or contestable period of equal
duration, to those contained in new issues by the Ceding Company, or
4. Without the payment of the same allowances in the first year, that the
Ceding Company would have paid in the absence of the Original Policy.
7
ARTICLE X - POLICY ALTERATIONS (CONTINUED)
EXCHANGES OR CONVERSIONS, (CONTINUED)
-------------------------------------
Exchanges or conversions will be reinsured under this Agreement only if
the Original Policy was reinsured with the Reinsurer; the amount of
reinsurance under this Agreement will not exceed the amount of the
reinsurance on the Original Policy with the Reinsurer immediately prior
to the exchange or conversion. Premiums will be as shown in Schedule IV.
Note: An original date policy reissue will not be treated as an exchange or
conversion of the Original Policy. It will be treated as a new policy and
the Original Policy will be treated as not taken. All premiums previously
paid to the Reinsurer for the Original Policy will be refunded to the
Ceding Company. All premiums will be due on the new policy from the
original issue date of the old policy.
Note: Re-entry, e.g. wholesale replacement and similar programs are not covered
under this Article. If Re-entry is applicable to this Agreement, then it
will be covered in Schedule IV.
ARTICLE XI - POLICY ADMINISTRATION AND PREMIUM ACCOUNTING
1. ACCOUNTING PERIOD AND PREMIUM DUE
---------------------------------
The Ceding Company will submit accounts to the Reinsurer, for reporting
new business, alterations, terminations, renewals, claims, and premium
due, as shown in Schedule I.
2. ACCOUNTING ITEMS
----------------
The accounts will contain a list of premiums due for the current
accounting period, explain the reason for each premium payment, show
premium subtotals adequate to use for premium accounting, including first
year and renewal year premiums and allowances. The account information
should provide the ability to evaluate retention limits, premium
calculations and to establish reserves.
3. REINSURANCE ADMINISTRATION REQUIREMENTS
---------------------------------------
Reinsurance administration requirements are as shown in Schedule VI and
Schedule VII.
4. PAYMENT OF BALANCES
-------------------
The Ceding Company will pay any balance due the Reinsurer, at the same
time as the account is rendered, but in all cases, by the accounting and
premium due frequency as shown in Schedule I. The Reinsurer will pay any
balance due the Ceding Company, at the same time as the account is
confirmed, however, at the latest, within thirty (30) days after receipt
of the statement of account. Should the Reinsurer be unable to confirm
the account in its entirety, the confirmed portion of the balance will be
paid immediately. As soon as the account has been fully confirmed, the
difference will be paid immediately by the debtor. All balances not paid
within thirty (30) days of the due date shown on the statement will be in
default.
5. BALANCES IN DEFAULT
-------------------
The Reinsurer will have the right to terminate this Agreement, when
balances are in default, by giving ninety (90) days written notice of
termination to the Ceding Company. As of the close of the last day of
this ninety (90) day notice period, the Reinsurer's liability for all
risks reinsured under this Agreement will terminate. The first day of
this ninety (90) day notice of termination, resulting from default as
described in paragraph four of this Article, will be the day the notice
is received in the mail by the Ceding Company, or if the mail is not
used, the day it is delivered to the Ceding Company. If all balances in
default are received within the ninety (90) day time period, the
Agreement will remain in effect. The interest payable on balances in
default is stipulated as shown in Schedule I.
8
ARTICLE XI - POLICY ADMINISTRATION AND PREMIUM ACCOUNTING (CONTINUED)
6. FLUCTUATIONS IN EXCHANGE RATES
------------------------------
If the premium due periods allowed for the payment of balances are
exceeded by either party, the debtor will bear the currency risk, in the
event of any subsequent alteration in the exchange rate, by more than
five percent (5%), unless the debtor is not responsible for the delay in
payment.
ARTICLE XII - CLAIMS
Claims covered under this Agreement include only death claims, which are those
due to the death of the insured on a policy reinsured and any additional
benefits which are defined in accordance with the underlying policy and are
reinsured under this Agreement.
1. NOTICE
------
The Ceding Company will promptly notify the Reinsurer of all claims.
2. PROOFS
------
In every case of loss, copies of the proofs obtained by the Ceding
Company will be taken by the Reinsurer as sufficient. Copies thereof,
together with proof of the amount paid on such claim by the Ceding
Company will be furnished to the Reinsurer when requesting its share of
the claim.
3. PAYMENT OF BENEFITS
-------------------
The Reinsurer will pay its share of all payable claims, however, if the
amount reinsured with the Reinsurer is more than the amount retained by
the Ceding Company and the claim is contestable, all papers in connection
with such claim, including all underwriting and investigation papers,
must be submitted to the Reinsurer for its recommendation before
admission of any liability on the part of the Ceding Company.
If the amount of insurance changes because of a misstatement of rate
classification, the Reinsurer's share of reinsurance liability will
change proportionately.
4. CONTESTED CLAIMS
----------------
The Ceding Company will notify the Reinsurer of its intention to contest,
compromise, or litigate a claim. Unless it declines to be a party to such
action, the Reinsurer will pay its share of any settlement up to the
maximum that would have been payable under the specific policy had there
been no controversy plus its share of claim investigation fees paid to a
third party, except as specified below.
If the Reinsurer declines to be a party to the contest, compromise, or
litigation of a claim, it will pay its full share of the amount
reinsured, as if there had been no contest, compromise, or litigation,
and its proportionate share of covered expenses incurred to the date,
from the date it notifies the Ceding Company it declines to be a party.
5. CLAIMS EXPENSES
---------------
In no event will the following categories of expenses or liabilities be
reimbursed:
a. Salaries of employees or other internal expenses of the Ceding Company
or the original issuing companies;
b. Expenses incurred in connection with a dispute or contest arising out
of conflicting or any other claims of entitlement to policy proceeds
or benefits.
9
ARTICLE XII - CLAIMS (CONTINUED)
6. EXTRA CONTRACTUAL OBLIGATIONS
-----------------------------
In no event shall the Reinsurer be liable for any proportion of the
Ceding Company's liability consisting in any part of damages, including
those exemplary or punitive in nature, nor for fines or statutory
penalties awarded against the Ceding Company, policyholder, and/or any
agents thereof as a result of any act, omission, or course of conduct
committed by or for the Ceding Company, the policyholder and/or any
agents thereof or for which the Ceding Company, the policyholder and/or
any agents thereof shall otherwise be responsible, in connection with the
handling of or pertaining to the policies.
The Reinsurer shall likewise not be liable for any legal fees or expenses
attendant to the defense of claims of the kind referred to in the
paragraph above.
As an exception to this exclusion, the Reinsurer shall indemnify the
Ceding Company for its proportionate share of any such Extra Contractual
Obligations and/or associated legal fees or expenses attendant to the
defense thereof to the extent that the Reinsurer concurred, both in
advance and in writing, with the Ceding Company's act, omission, or
course of conduct in connection with the handling of or pertaining to the
policies that resulted in the incurral of such Extra Contractual
Obligations.
Notwithstanding the limited exception set forth in the paragraph above,
this Agreement shall not provide any indemnity with respect to any Extra
Contractual Obligation incurred by the Ceding Company as a result of any
fraudulent and/or criminal act or omission by any officer, director or
employee of the Ceding Company who is acting individually, or
collectively, or in collusion with any individual or corporation, or any
other organization, or party which is involved in the presentation, or
defense, or settlement of any claim covered hereunder.
ARTICLE XIII - ARBITRATION
1. GENERAL
-------
The parties agree to act in all things with the highest good faith.
However, if the parties cannot mutually resolve a dispute or claim, which
arises out of, or in connection with this Agreement, including formation
and validity, and whether arising during, or after the period of this
Agreement, the dispute or claim will be referred to an arbitration
tribunal (a group of three arbitrators), and settled through arbitration.
The arbitrators will be individuals, other than from the contracting
companies, including those who have retired, with more than ten (10)
years insurance or reinsurance experience within the industry.
The arbitrators will base their decision on the terms and conditions of
this Agreement plus, as necessary, on the customs and practices of the
insurance and reinsurance industry rather than solely on a strict
interpretation of the applicable law; there will be no appeal from their
decision, and any court having jurisdiction of the subject matter, and
the parties, may reduce that decision to judgment.
2. NOTICE
------
To initiate arbitration, either party will notify the other party by
certified mail of its desire to arbitrate, stating the nature of the
dispute and the remedy sought. The party to which the notice is sent,
will respond to the notification in writing, within ten (10) days of its
receipt.
10
ARTICLE XII - ARBITRATION (CONTINUED)
3. PROCEDURE
---------
Each of the two parties will appoint one arbitrator, and these two
arbitrators will select the third arbitrator. Upon the selection of the
third arbitrator, the arbitration tribunal will be constituted, and the
third arbitrator will act as chairman of the tribunal.
If either party fails to appoint an arbitrator within sixty (60) days
after the other party has given notice of appointing an arbitrator, then
the arbitration association, as shown in Schedule I, will appoint an
arbitrator for the party that has failed to do so.
The party that has failed to appoint an arbitrator will be responsible
for all expenses levied by the arbitration association, for such
appointment. Should the two arbitrators be unable to agree on the choice
of the third arbitrator, then the appointment of this arbitrator is left
to the arbitration association. Such expense shall be borne equally by
each party to this Agreement.
The tribunal, may in its sole discretion make orders and directions as it
considers to be necessary for the final determination of the matters in
dispute. Such orders and directions may be necessary with regard to
pleadings, discovery, inspection of documents, examination of witnesses
and any other matters relating to the conduct of the arbitration. The
tribunal, will have the widest discretion permissible under the law, and
practice of the place of arbitration, when making such orders or
directions.
4. ARBITRATION COSTS
-----------------
All costs of the arbitration will be determined by the tribunal, which
may take into account the law and practice of the place of arbitration,
and in what manner arbitration costs will be paid, and by whom.
5. PLACE OF ARBITRATION
--------------------
The place of arbitration is as shown in Schedule I.
6. ARBITRATION SETTLEMENT
----------------------
The award of the tribunal, will be in writing, and binding upon the
consenting parties.
ARTICLE XIV - INSOLVENCY
In the event of the insolvency of the Ceding Company, this reinsurance shall be
payable directly to the Ceding Company, or to its liquidator, receiver,
conservator or statutory successor on the basis of the liability of the Ceding
Company without diminution because of the insolvency of the Ceding Company or
because the liquidator, receiver, conservator or statutory successor of the
Ceding Company has failed to pay all or a portion of any claim. It is agreed,
however, that the liquidator, receiver, conservator or statutory successor of
the Ceding Company shall give written notice to the reinsurers of the pendency
of a claim against the Ceding Company indicating the policy or bond reinsurance
which claim would involve a possible liability on the part of the reinsurers
within a reasonable time after that claim is filed in the conservation or
liquidation proceeding or in the receivership, and that during the pendency of
that claim the reinsurers may investigate that claim and interpose, at their own
expense, in the proceeding where that claim is to be adjudicated any defense(s)
they may deem available to the Ceding Company or its liquidator, receiver,
conservator or statutory successor. This expense incurred by the reinsurers
shall be chargeable, subject to approval of the court, against the Ceding
Company as part of the expense of conservation or liquidation to the extent of a
pro rata share of the benefit which may accrue to the Ceding Company solely as a
result of the defense undertaken by the reinsurers.
1. Where two or more reinsurers are involved in the same claim and a
majority in interest elect to interpose defense to that claim, the
expense will be apportioned in accordance with the terms of the Agreement
as though that expense had been incurred by the Ceding Company.
11
ARTICLE XIV - ARBITRATION (CONTINUED)
2. This insolvency clause shall not preclude the Reinsurer from asserting
any excuse or defense to payment of this reinsurance other than the
excuses or defenses of the insolvency of the Ceding Company and the
failure of the Ceding Company's liquidator, receiver, conservator or
statutory successor to pay all or a portion of any claim.
ARTICLE XV - OFFSET
Any debts or credits, matured or unmatured, liquidated or unliquidated, in favor
of or against, either the Reinsurer or the Ceding Company, with respect to this
Agreement or with respect to any other claim of one party against the other, are
deemed mutual debts or credits, as the case may be, and will be offset, and only
the balance will be allowed or paid.
ARTICLE XVI - RIGHT TO INSPECT
Upon request the Ceding Company will furnish the Reinsurer with detailed
information concerning the risks reinsured under this Agreement. In particular
the Reinsurer will be entitled to request that:
1. Copies of the whole or part of any documents relating to the risks and
their reinsurance be made available to the Reinsurer at its own expense;
2. During the Ceding Company's normal office hours these documents will be
made available to a representative of the Reinsurer who will be named in
advance; notification of such visits will normally be given two (2) weeks
in advance and even in urgent cases at least forty-eight (48) hours in
advance; and
3. The Reinsurer will have this right of inspection as long as one of the
two parties to this Agreement is claiming from the other.
ARTICLE XVII - UNINTENTIONAL ERRORS, MISUNDERSTANDINGS OR OMISSIONS
It is expressly understood and agreed that if failure to comply with any terms
of this Agreement is hereby shown to be the result of an unintentional error,
misunderstanding or omission, on the part of either the Ceding Company or the
Reinsurer, both the Ceding Company and the Reinsurer, will be restored to the
position they would have occupied, had no such error, misunderstanding or
omission occurred, subject always to the correction of the error,
misunderstanding or omission.
ARTICLE XVIII- CHOICE OF LAW, FORUM, AND LANGUAGE
1. CHOICE OF LAW AND FORUM
-----------------------
This Agreement, will in all respects be governed by, and construed in
accordance with the law and exclusive jurisdiction of the courts, as
shown in Schedule I.
2. LANGUAGE
--------
The parties hereto acknowledge and agree that, even though they may
execute this Agreement in both an English version and in another
language, as shown in Schedule I, the version as shown in Schedule I will
control for all legal purposes in the event of any inconsistency between
or disagreement between the two versions.
12
ARTICLE XIX - CONFIDENTIALITY AND SHARING OF CUSTOMER INFORMATION
The parties acknowledge and agree that it may be necessary for Ceding Company to
share customer information ("Customer Information") with the Reinsurer in order
for the Reinsurer to meet its obligations under this Agreement. With respect to
the sharing, use and protection of Customer Information, the Reinsurer agrees to
the following:
(1) CONFIDENTIALITY AND RESTRICTIONS ON REDISCLOSURE OF CUSTOMER
INFORMATION. The Reinsurer agrees to hold in strict confidence
Customer Information obtained from the Ceding Company during this
Agreement. The Reinsurer agrees not to disclose Customer
Information, in any form or medium, to any affiliated or
nonaffiliated person, firm or corporation except as necessary to
perform services under this Agreement or as may be required by law.
The parties acknowledge and agree that disclosing Customer
Information to effectuate, service or administer a Customer
transaction shall not be considered a breach of the confidentiality
obligations created hereunder. To the extent that the Reinsurer
contracts with a third party that obtains Customer Information in
order to provide services under this Agreement, the Reinsurer
agrees to obtain contractual confidentiality protections to require
the third party to hold Customer Information in strict confidence
and not disclose it to any person unless required by law. The
Reinsurer agrees to return all Customer Information to Ceding
Company either upon request or termination of this Agreement.
(2) USE OF CUSTOMER INFORMATION. The Reinsurer agrees to use Customer
Information only to provide services hereunder and not to use such
information for any other purpose.
(3) OBLIGATION TO MAINTAIN SECURITY OVER CUSTOMER INFORMATION. The
Reinsurer agrees to implement and maintain reasonable and customary
security measures to safeguard Customer Information. Such measures
shall include, but not be limited to, requiring employees who will
have access to such information to agree to the confidentiality
requirements of this Article.
(4) CONFIDENTIALITY OBLIGATIONS SURVIVE TERMINATION OF THE AGREEMENT.
The obligations of the Reinsurer set forth in this Article shall
survive the termination of this Agreement.
ARTICLE XX - ALTERATIONS TO THE AGREEMENT
This Agreement constitutes the entire Agreement between the parties, with
respect to the business being reinsured hereunder, and there are no
understandings between the parties other than as expressed in this Agreement.
Any alterations to the provisions of this Agreement will be made by amendment,
addenda or by correspondence attached to the Agreement embodying such
alterations as may be agreed upon and signed by both parties. These documents
will be regarded as part of this Agreement and will be equally binding.
13
ARTICLE XXI - EXECUTION OF THE AGREEMENT
IN WITNESS OF THE ABOVE,
CUNA MUTUAL LIFE INSURANCE COMPANY
OF
WAVERLY, IOWA, USA
AND
RGA REINSURANCE COMPANY
OF
ST. LOUIS, MISSOURI, USA
HAVE BY THEIR RESPECTIVE OFFICERS EXECUTED AND DELIVERED THIS AGREEMENT IN
DUPLICATE ON THE DATES INDICATED BELOW:
CUNA MUTUAL LIFE INSURANCE COMPANY
By: /s/ ▇▇▇▇ ▇▇▇▇▇ By:/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
-------------------- -----------------------
TITLE: Vice President TITLE: Assistant Secretary
----------------- --------------------
DATE: 9-17-03 DATE: 9-17-03
------------------ ---------------------
RGA REINSURANCE COMPANY
BY: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇
--------------------
TITLE: Vice President
-----------------
DATE: 7/24/2003
------------------
14
SCHEDULE I - REINSURANCE SPECIFICATIONS
--------------------------------------------------------------------------------
COMMENCEMENT, TERMINATION AND CONTINUANCE OF REINSURANCE, ARTICLE II:
--------------------------------------------------------------------------------
1. EFFECTIVE DATE: This Agreement applies to policies with
--------------- applications received by the
Ceding Company on and after September
1,2003.
2. POLICY TERMINATION: REFUNDS: The Reinsurer will refund any unearned
---------------------------- reinsurance premiums. However, policy
fees, if any, will be deemed earned for
a policy year if the policy is
reinsured during any portion of that
policy year.
--------------------------------------------------------------------------------
SCOPE, ARTICLE III:
--------------------------------------------------------------------------------
1. CURRENCY: United States Dollars ("US$")
---------
2. BASIS OF REINSURANCE: Coinsurance
---------------------
3. TAXES:
------
DAC TAX REGULATIONS
-------------------
The Ceding Company and the Reinsurer hereby agree to the following
pursuant to Section 1.848-2(g)(8) of the Income Tax Regulations issued
December 29,1992, under Section 848 of the Internal Revenue Code of
1986, as amended.
1. The term "party" will refer to either the Ceding Company or the
Reinsurer as appropriate.
2. The terms used in this Article are defined by reference to Treasury
Regulation Section 1.848-2 in effect as of December 29, 1992. The
term "net consideration" will refer to net consideration as defined
in Treasury Regulation Section 1.848-2(f).
3. The party with the net positive consideration for this Agreement
for each taxable year will capitalize specified policy acquisition
expenses with respect to this Agreement without regard to the
general deductions limitation of IRS Section 848(c)(1).
4. The Ceding Company and the Reinsurer agree to exchange information
pertaining to the amount of net consideration under this Agreement
each year to ensure consistency. The Ceding Company and the
Reinsurer also agree to exchange information which may be otherwise
required by the IRS.
5. The Ceding Company will submit a schedule to the Reinsurer by June
1 of each year of its calculation of the net consideration for the
preceding calendar year. This schedule of calculations will be
accompanied by a statement signed by an officer of the Ceding
Company stating that the Ceding Company will report such net
consideration in its tax return for the preceding calendar year.
6. The Reinsurer may contest such calculation by providing an
alternative calculation to the Ceding Company. If the Reinsurer
does not so notify the Ceding Company, the Reinsurer will report
the net consideration as determined by the Ceding Company in the
Reinsurer's tax return for the previous calendar year.
7. If the Reinsurer contests the Ceding Company's calculation of the
net consideration, the parties will act in good faith to reach an
agreement as to the correct amount. If the Ceding Company and the
Reinsurer reach agreement on an amount of net consideration, each
party will report such amount in their respective tax returns for
the previous calendar year.
15
SCHEDULE I - REINSURANCE SPECIFICATIONS (CONTINUED)
--------------------------------------------------------------------------------
SCOPE, ARTICLE III (CONTINUED):
--------------------------------------------------------------------------------
3. TAXES (CONTINUED):
------------------
PREMIUM TAX: Premium tax will not be reimbursed.
------------
--------------------------------------------------------------------------------
COVERAGE, ARTICLE IV:
--------------------------------------------------------------------------------
RESIDENCE: United States, Canada, Puerto Rico or
---------- Guam
--------------------------------------------------------------------------------
RETENTION AND RECAPTURE, ARTICLE VI:
--------------------------------------------------------------------------------
MINIMUM RECAPTURE PERIOD: Available after the level term period,
------------------------- for policies where the corporate
maximum retention was held at issue,
up to the then current increased
retention.
--------------------------------------------------------------------------------
RESERVES, ARTICLE VIII:
--------------------------------------------------------------------------------
The Ceding Company agrees to post on its books any deficiency reserves on
the coverage reinsured under this Agreement.
The Reinsurer will be responsible for calculating and holding basic and
deficiency reserves on its share of the business under the Valuation of
Life Insurance Policies Model Regulation, commonly known as Guideline XXX.
The Reinsurer's x-factors may differ from those of the Ceding Company.
--------------------------------------------------------------------------------
POLICY ADMINISTRATION AND PREMIUM ACCOUNTING, ARTICLE XI:
--------------------------------------------------------------------------------
1. ACCOUNTING PERIOD: Monthly
------------------
PREMIUM DUE: Annually in advance
------------
2. REINSURANCE ADMINISTRATION: Self-administration (Client administers)
---------------------------
3. BALANCES IN DEFAULT:
--------------------
The Reinsurer reserves the right to charge interest at the prime rate
plus 2% as stated in the Wall Street Journal on the 1st business day in
January prior to the due date of the premium when:
a. Renewal premiums are not paid within sixty (60) days of the due
date.
b. Premiums for new business are not paid within one hundred twenty
(120) days of the date the policy is issued.
16
SCHEDULE I - REINSURANCE SPECIFICATIONS (CONTINUED)
--------------------------------------------------------------------------------
ARBITRATION, ARTICLE XIII;
--------------------------------------------------------------------------------
1. ARBITRATION ASSOCIATION: American Arbitration Association
------------------------
2. PLACE OF ARBITRATION: Waverly, Iowa, USA
---------------------
--------------------------------------------------------------------------------
CHOICE OF LAW, FORUM AND LANGUAGE, ARTICLE XVIII:
--------------------------------------------------------------------------------
1. CHOICE OF LAW AND FORUM: Missouri, USA
------------------------
2. LANGUAGE: English
---------
17
SCHEDULE II - RETENTION
The Ceding Company will retain 20% of each risk up to maximum limits stated
below:
ISSUE AGES STANDARD AND SUBSTANDARD TABLES A-P
---------- -----------------------------------
0-69 $1,000,000
70+ $500,000
18
SCHEDULE III - BUSINESS COVERED
EFFECTIVE SEPTEMBER 1, 2003
--------------------------------------------------------------------------------
PLAN(S)
--------------------------------------------------------------------------------
10-Year Level Term Portfolio - Fully Guaranteed (03-10YTG)
15-Year Level Term Portfolio - Fully Guaranteed (03-15YTG)
20-Year Level Term Portfolio - Fully Guaranteed (03-20YTG)
30-Year Level Term Portfolio - Fully Guaranteed (03-30YTG)
--------------------------------------------------------------------------------
RIDER(S)
--------------------------------------------------------------------------------
Other Insured Rider
(03OIR10YG)
(030IR15YG)
(030IR20YG)
(03OIR30YG)
19
SCHEDULE IV - REINSURANCE PREMIUMS
EFFECTIVE SEPTEMBER 1, 2003
--------------------------------------------------------------------------------
LIFE:
--------------------------------------------------------------------------------
Business covered, as shown in Schedule III will be reinsured on a
Coinsurance basis. The life reinsurance premium will be calculated by
multiplying the appropriate life premium rate, from the attached Rate
Schedule labeled below, times the face amount divided by one thousand
(1000) times the Reinsurer's share of the face amount for that policy
year. During the initial level period, the life premium rate is based
on the insured's issue age. In subsequent policy years, the life
premium rate is based on the insured's attained age. The Reinsurer
shall pay expense allowances to the Ceding Company equal to a
percentage, as defined in the table below, of the life reinsurance
premium calculated above.
ALLOWANCE
---------
PERCENTAGE
----------
INITIAL RATE
------- ----
PLAN(S) BAND* LEVEL GUARANTEE RATE UNDERWRITING POLICY POLICY
-------- ----- ----- --------- ---- ------------ ------ ------
PERIOD PERIOD SCHEDULE CLASS YEAR 1 YEARS 2+
------ ------ -------- ----- ------ --------
(YEARS) (YEARS)
------- -------
10-Year ▇▇▇▇ ▇ ▇▇ ▇▇ ▇-▇ All 100% 24%
10-Year ▇▇▇▇ ▇ ▇▇ ▇▇ ▇-▇ All 100% 17%
10-Year ▇▇▇▇ ▇ ▇▇ ▇▇ ▇-▇ All 100% 14%
15-Year ▇▇▇▇ ▇ ▇▇ ▇▇ ▇-▇ All 100% 21%
15-Year ▇▇▇▇ ▇ ▇▇ ▇▇ ▇-▇ All 100% 13%
15-Year ▇▇▇▇ ▇ ▇▇ ▇▇ ▇-▇ All 100% 10%
20-Year ▇▇▇▇ ▇ ▇▇ ▇▇ ▇-▇ All 100% 25%
20-Year ▇▇▇▇ ▇ ▇▇ ▇▇ ▇-▇ All 100% 16%
20-Year ▇▇▇▇ ▇ ▇▇ ▇▇ ▇-▇ All 100% 14%
30-Year ▇▇▇▇ ▇ ▇▇ ▇▇ ▇-▇ All 100% 30%
30-Year ▇▇▇▇ ▇ ▇▇ ▇▇ ▇-▇ All 100% 20%
30-Year ▇▇▇▇ ▇ ▇▇ ▇▇ ▇-▇ All 100% 15%
*Band 2 = $100,000 - $249,999
*Band 3 = $250,000 - $499,999
*Band 4 = $500,000+
Reinsurance premiums will be on an age last birthday basis.
The Reinsurer will receive its share of any policy fee and pay the Ceding
Company a one hundred percent (100%) allowance on the policy fee in all
years.
20
SCHEDULE IV - REINSURANCE PREMIUMS (CONTINUED)
--------------------------------------------------------------------------------
SUBSTANDARD PREMIUMS:
--------------------------------------------------------------------------------
SUBSTANDARD TABLE EXTRA
-----------------------
Premiums will be increased by any substandard premium charged the insured
on the Reinsurer's share of the face amount. For substandard table
ratings, premiums will be increased by the following percent per table:
25%
FLAT EXTRA PREMIUMS
-------------------
The premium will be increased by any Flat Extra Premium charged the
insured on the face amount initially reinsured, less total allowances as
shown below:
FIRST YEAR PERMANENT FIRST YEAR TEMPORARY RENEWAL:
-------------------- -------------------- --------
PAYABLE 6 YEARS OR PAYABLE 1 - 5 YEARS:
------------------ --------------------
MORE:
-----
100% 20% 20%
--------------------------------------------------------------------------------
SUPPLEMENTAL BENEFITS :
--------------------------------------------------------------------------------
OTHER INSURED RIDER:
--------------------
Same as base plan.
--------------------------------------------------------------------------------
RE-ENTRY'S:
--------------------------------------------------------------------------------
Re-entry's are not covered under this Agreement.
--------------------------------------------------------------------------------
CONVERSIONS OR EXCHANGES:
--------------------------------------------------------------------------------
If any business covered under this Agreement is subsequently converted or
exchanged to any other plan reinsured by the Reinsurer, then such
business will be reinsured at the rates as shown in the Agreement
covering the new plan. Rates and allowances, or pay percentages,
applicable to the new plan will be determined at point in scale based on
the Original Policy that is being converted or exchanged. If the
Agreement including the new rates requires policy fees, then they will
also apply to the new plan.
If any business covered under this Agreement, is subsequently converted
or exchanged to a plan that is not reinsured with the Reinsurer, under a
specific document, then such business will be reinsured with the
Reinsurer on a Yearly Renewable Term basis, at the rates as shown below.
Rates will be determined at point in scale, based on the Original Policy
that is being converted or exchanged.
Rate Schedule S-5.
--------------------------------------------------------------------------------
EXPERIENCE REFUND OR PROFIT COMMISSION:
--------------------------------------------------------------------------------
Experience Refund or Profit Commission is not covered by this Agreement.
21
SCHEDULE IV - REINSURANCE PREMIUMS (CONTINUED)
--------------------------------------------------------------------------------
RATE SCHEDULE S-1
--------------------------------------------------------------------------------
22
CUNA Mutual Life Insurance Company
Guaranteed Level Premiums per $1,000*
MEMBERS Level - 10 2003
Band 2: $100,000-$249,999
Issue Male-NT Male-Tob Issue Female-NT Female-Tob
===== ===================== ============= ===== ===================== =============
Age Prf+ Prf Std Prf Std Age Prf+ Prf Std Prf Std
===== ===== ===== ===== ===== ===== ===== ===== ===== ===== ===== =====
16-25 0.66 0.79 1.01 1.40 1.86 25 0.57 0.70 0.88 1.17 1.56
26 0.66 0.79 1.01 1.41 1.87 26 0.57 0.70 0.88 1.18 1.58
27 0.66 0.79 1.02 1.42 1.89 27 0.57 0.70 0.88 1.19 1.59
28 0.67 0.80 1.02 1.43 1.90 28 0.58 0.71 0.89 1.21 1.61
29 0.67 0.80 1.03 1.44 1.92 29 0.58 0.71 0.89 1.22 1.62
30 0.67 0.80 1.03 1.45 1.93 30 0.58 0.71 0.89 1.23 1.64
31 0.67 0.80 1.03 1.46 1.95 31 0.58 0.71 0.89 1.24 1.65
32 0.66 0.79 1.03 1.47 1.96 32 0.58 0.70 0.88 1.25 1.66
33 0.66 0.79 1.03 1.49 1.99 33 0.58 0.70 0.88 1.26 1.67
34 0.66 0.80 1.04 1.53 2.04 34 0.59 0.70 0.89 1.28 1.71
35 0.68 0.82 1.08 1.60 2.14 35 0.61 0.72 0.92 1.34 1.78
36 0.71 0.86 1.14 1.71 2.29 36 0.64 0.76 0.97 1.43 1.90
37 0.76 0.92 1.22 1.85 2.47 37 0.69 0.81 1.04 1.55 2.06
38 0.81 0.99 1.32 2.01 2.69 38 0.74 0.87 1.12 1.69 2.24
39 0.86 1.07 1.42 2.19 2.92 39 0.78 0.93 1.20 1.83 2.42
40 0.92 1.14 1.52 2.37 3.17 40 0.83 0.98 1.28 1.97 2.60
41 0.97 1.21 1.62 2.56 3.42 41 0.87 1.02 1.34 2.09 2.76
42 1.03 1.28 1.72 2.75 3.68 42 0.90 1.06 1.40 2.21 2.91
43 1.08 1.35 1.83 2.96 3.96 43 0.93 1.10 1.46 2.34 3.07
44 1.15 1.44 1.95 3.19 4.27 44 0.97 1.14 1.53 2.47 3.24
45 1.23 1.54 2.09 3.44 4.61 45 1.02 1.20 1.61 2.62 3.44
46 1.32 1.65 2.25 3.71 4.98 46 1.08 1.27 1.71 2.79 3.66
47 1.42 1.78 2.42 3.99 5.36 47 1.14 1.35 1.82 2.96 3.90
48 1.53 1.92 2.60 4.30 5.78 48 1.21 1.44 1.93 3.15 4.15
49 1.65 2.07 2.81 4.64 6.25 49 1.29 1.54 2.06 3.36 4.43
50 1.79 2.24 3.04 5.03 6.77 50 1.37 1.64 2.20 3.58 4.73
51 1.94 2.42 3.29 5.45 7.34 51 1.45 1.74 2.34 3.81 5.04
52 2.10 2.61 3.55 5.90 7.94 52 1.54 1.85 2.48 4.04 5.35
53 2.27 2.82 3.84 6.39 8.60 53 1.63 1.96 2.64 4.30 5.69
54 2.47 3.06 4.17 6.94 9.34 54 1.73 2.09 2.82 4.59 6.08
55 2.69 3.33 4.55 7.56 10.19 55 1.86 2.24 3.03 4.93 6.54
56 2.93 3.62 4.96 8.23 11.11 56 2.01 2.42 3.28 5.32 7.07
57 3.18 3.93 5.39 8.92 12.08 57 2.17 2.61 3.55 5.75 7.66
58 3.46 4.27 5.87 9.70 13.16 58 2.36 2.82 3.84 6.23 8.31
59 3.79 4.67 6.42 10.61 14.42 59 2.56 3.06 4.17 6.74 9.02
60 4.19 5.14 7.09 11.68 15.92 60 2.78 3.31 4.53 7.31 9.80
61 4.62 5.66 7.81 12.87 17.59 61 3.00 3.57 4.89 7.89 10.61
62 5.09 6.20 8.58 14.15 19.38 62 3.23 3.82 5.26 8.49 11.44
63 5.61 6.83 9.45 15.60 21.41 63 3.48 4.11 5.66 9.15 12.36
64 6.25 7.58 10.51 17.30 23.77 64 3.79 4.46 6.15 9.92 13.42
65 7.04 8.53 11.83 19.32 26.57 65 4.17 4.90 6.77 10.84 14.68
66 8.22 9.96 13.82 22.22 30.56 66 4.74 5.58 7.70 12.16 16.47
67 9.40 11.40 15.81 25.12 34.54 67 5.32 6.25 8.64 13.48 18.26
68 10.59 12.83 17.79 28.01 38.53 68 5.89 6.93 9.57 14.81 20.05
69 11.77 14.27 19.78 30.91 42.51 69 6.47 7.60 10.51 16.13 21.84
70 12.95 15.70 21.77 33.81 46.50 70 7.04 8.28 11.44 17.45 23.63
*Add $50.00 policy fee
CUNA Mutual Life Insurance Company
Guaranteed Level Premiums per $1,000*
MEMBERS Level - 10 2003
Band 3: $250,000-$499,999
Issue Male-NT Male-Tob Issue Female-NT Female-Tob
===== ===================== ============= ===== ===================== =============
Age Prf+ Prf Std Prf Std Age Prf+ Prf Std Prf Std
===== ===== ===== ===== ===== ===== ===== ===== ===== ===== ===== =====
16-25 0.46 0.59 0.81 1.20 1.66 25 0.37 0.50 0.68 0.97 1.36
26 0.46 0.59 0.81 1.21 1.67 26 0.37 0.50 0.68 0.98 1.38
27 0.46 0.59 0.82 1.22 1.69 27 0.37 0.50 0.68 0.99 1.39
28 0.47 0.60 0.82 1.23 1.70 28 0.38 0.51 0.69 1.01 1.41
29 0.47 0.60 0.83 1.24 1.72 29 0.38 0.51 0.69 1.02 1.42
30 0.47 0.60 0.83 1.25 1.73 30 0.38 0.51 0.69 1.03 1.44
31 0.47 0.60 0.83 1.26 1.75 31 0.38 0.51 0.69 1.04 1.45
32 0.46 0.59 0.83 1.27 1.77 32 0.38 0.50 0.69 1.05 1.46
33 0.46 0.59 0.83 1.29 1.79 33 0.38 0.50 0.68 1.06 1.47
34 0.46 0.60 0.85 1.33 1.84 34 0.39 0.50 0.69 1.09 1.51
35 0.48 0.62 0.88 1.40 1.94 35 0.41 0.52 0.72 1.14 1.58
36 0.51 0.66 0.94 1.51 2.08 36 0.44 0.55 0.77 1.23 1.70
37 0.55 0.71 1.01 1.64 2.26 37 0.48 0.60 0.83 1.34 1.85
38 0.60 0.78 1.10 1.80 2.48 38 0.52 0.65 0.91 1.47 2.02
39 0.65 0.85 1.20 1.97 2.71 39 0.57 0.71 0.99 1.61 2.20
40 0.71 0.92 1.30 2.15 2.95 40 0.61 0.76 1.06 1.74 2.37
41 0.76 0.99 1.40 2.34 3.20 41 0.65 0.81 1.13 1.87 2.53
42 0.82 1.07 1.51 2.54 3.47 42 0.69 0.85 1.19 1.99 2.69
43 0.88 1.15 1.62 2.75 3.76 43 0.73 0.89 1.25 2.12 2.86
44 0.95 1.24 1.75 2.99 4.07 44 0.77 0.94 1.33 2.27 3.04
45 1.03 1.34 1.89 3.24 4.41 45 0.82 1.00 1.41 2.42 3.24
46 1.12 1.45 2.05 3.51 4.77 46 0.88 1.07 1.51 2.59 3.46
47 1.22 1.57 2.21 3.79 5.15 47 0.94 1.15 1.61 2.76 3.70
48 1.32 1.70 2.40 4.10 5.57 48 1.01 1.23 1.73 2.95 3.95
49 1.44 1.85 2.60 4.43 6.03 49 1.09 1.32 1.85 3.15 4.22
50 1.58 2.02 2.83 4.82 6.55 50 1.17 1.42 1.99 3.37 4.52
51 1.73 2.20 3.08 5.24 7.12 51 1.25 1.52 2.13 3.60 4.83
52 1.89 2.40 3.35 5.69 7.72 52 1.34 1.63 2.28 3.84 5.14
53 2.07 2.62 3.64 6.18 8.39 53 1.43 1.75 2.43 4.09 5.48
54 2.26 2.86 3.97 6.74 9.14 54 1.54 1.88 2.62 4.39 5.88
55 2.49 3.13 4.35 7.36 9.99 55 1.67 2.04 2.83 4.73 6.34
56 2.73 3.42 4.75 8.02 10.91 56 1.82 2.22 3.07 5.12 6.87
57 2.98 3.72 5.18 8.72 11.87 57 1.98 2.41 3.34 5.55 7.46
58 3.26 4.06 5.65 9.50 12.95 58 2.16 2.62 3.64 6.02 8.10
59 3.59 4.46 6.21 10.40 14.20 59 2.36 2.85 3.96 6.53 8.81
60 3.99 4.93 6.87 11.47 15.70 60 2.58 3.10 4.32 7.10 9.59
61 4.43 5.45 7.60 12.67 17.37 61 2.81 3.36 4.68 7.69 10.40
62 4.89 6.00 8.37 13.95 19.17 62 3.04 3.62 5.06 8.29 11.24
63 5.43 6.63 9.26 15.41 21.21 63 3.29 3.92 5.47 8.96 12.16
64 6.06 7.39 10.32 17.11 23.57 64 3.60 4.27 5.96 9.72 13.22
65 6.84 8.33 11.63 19.12 26.37 65 3.97 4.70 6.57 10.64 14.48
66 7.99 9.73 13.58 21.99 30.33 66 4.52 5.35 7.48 11.94 16.25
67 9.14 11.13 15.54 24.86 34.28 67 5.07 6.00 8.38 13.24 18.01
68 10.29 12.53 17.49 27.72 38.24 68 5.61 6.64 9.29 14.53 19.78
69 11.44 13.93 19.45 30.59 42.19 69 6.16 7.29 10.19 15.83 21.54
70 12.59 15.33 21.40 33.46 46.15 70 6.71 7.94 11.10 17.13 23.31
*Add $50.00 policy fee
CUNA Mutual Life Insurance Company
Guaranteed Level Premiums per $1,000*
MEMBERS Level - 10 2003
Band 4: $500,000+
Issue Male-NT Male-Tob Issue Female-NT Female-Tob
===== ===================== ============= ===== ===================== =============
Age Prf+ Prf Std Prf Std Age Prf+ Prf Std Prf Std
===== ===== ===== ===== ===== ===== ===== ===== ===== ===== ===== =====
16-25 0.36 0.49 0.71 1.10 1.56 25 0.27 0.40 0.58 0.87 1.26
26 0.36 0.49 0.71 1.11 1.57 26 0.27 0.40 0.58 0.88 1.28
27 0.36 0.49 0.72 1.12 1.59 27 0.27 0.40 0.58 0.89 1.29
28 0.37 0.50 0.72 1.13 1.60 28 0.28 0.41 0.59 0.91 1.31
29 0.37 0.50 0.73 1.14 1.62 29 0.28 0.41 0.59 0.92 1.32
30 0.37 0.50 0.73 1.15 1.63 30 0.28 0.41 0.59 0.93 1.34
31 0.37 0.50 0.73 1.16 1.65 31 0.28 0.41 0.59 0.94 1.35
32 0.36 0.49 0.73 1.17 1.67 32 0.28 0.40 0.59 0.95 1.36
33 0.36 0.49 0.73 1.19 1.69 33 0.29 0.40 0.59 0.96 1.38
34 0.36 0.50 0.75 1.23 1.75 34 0.29 0.40 0.60 0.99 1.41
35 0.38 0.52 0.78 1.30 1.84 35 0.31 0.42 0.62 1.04 1.48
36 0.41 0.56 0.84 1.40 1.98 36 0.34 0.45 0.66 1.13 1.59
37 0.45 0.61 0.91 1.54 2.16 37 0.37 0.49 0.72 1.24 1.74
38 0.49 0.67 1.00 1.69 2.37 38 0.41 0.54 0.79 1.36 1.91
39 0.55 0.74 1.09 1.86 2.60 39 0.46 0.59 0.87 1.50 2.09
40 0.60 0.81 1.19 2.04 2.84 40 0.50 0.64 0.94 1.63 2.26
41 0.66 0.88 1.29 2.23 3.09 41 0.54 0.69 1.01 1.76 2.42
42 0.71 0.96 1.40 2.43 3.36 42 0.58 0.73 1.07 1.89 2.59
43 0.78 1.04 1.52 2.65 3.65 43 0.63 0.78 1.15 2.02 2.76
44 0.85 1.14 1.65 2.88 3.97 44 0.68 0.84 1.22 2.16 2.94
45 0.93 1.24 1.79 3.14 4.31 45 0.73 0.90 1.31 2.32 3.14
46 1.02 1.35 1.95 3.41 4.67 46 0.79 0.97 1.41 2.49 3.36
47 1.12 1.47 2.11 3.69 5.06 47 0.85 1.05 1.51 2.66 3.59
48 1.22 1.60 2.29 3.99 5.47 48 0.91 1.13 1.62 2.85 3.84
49 1.34 1.74 2.49 4.33 5.93 49 0.98 1.22 1.74 3.05 4.11
50 1.48 1.91 2.72 4.71 6.45 50 1.06 1.32 1.88 3.27 4.41
51 1.63 2.09 2.97 5.13 7.02 51 1.14 1.42 2.02 3.50 4.72
52 1.79 2.29 3.24 5.59 7.62 52 1.23 1.53 2.17 3.74 5.03
53 1.97 2.51 3.54 6.08 8.29 53 1.33 1.65 2.33 3.99 5.38
54 2.17 2.76 3.87 6.64 9.04 54 1.44 1.79 2.52 4.29 5.77
55 2.39 3.03 4.25 7.26 9.89 55 1.57 1.94 2.73 4.63 6.24
56 2.63 3.32 4.65 7.92 10.81 56 1.72 2.11 2.97 5.02 6.77
57 2.88 3.62 5.08 8.62 11.77 57 1.88 2.30 3.24 5.44 7.36
58 3.16 3.96 5.55 9.39 12.85 58 2.06 2.51 3.53 5.91 8.00
59 3.49 4.35 6.11 10.29 14.10 59 2.25 2.74 3.85 6.43 8.71
60 3.88 4.82 6.77 11.36 15.60 60 2.47 2.99 4.21 6.99 9.49
61 4.32 5.34 7.50 12.56 17.27 61 2.70 3.25 4.58 7.58 10.30
62 4.79 5.90 8.28 13.85 19.08 62 2.93 3.52 4.95 8.19 11.14
63 5.33 6.54 9.16 15.31 21.11 63 3.19 3.82 5.37 8.86 12.07
64 5.97 7.30 10.23 17.01 23.48 64 3.50 4.17 5.86 9.63 13.13
65 6.74 8.23 11.53 19.02 26.27 65 3.87 4.60 6.47 10.54 14.38
66 7.87 9.61 13.47 21.87 30.21 66 4.40 5.23 7.36 11.83 16.13
67 9.01 10.99 15.41 24.73 34.15 67 4.94 5.87 8.25 13.11 17.89
68 10.14 12.38 17.34 27.58 38.09 68 5.47 6.50 9.15 14.40 19.64
69 11.28 13.76 19.28 30.44 42.03 69 6.01 7.14 10.04 15.68 21.40
70 12.41 15.14 21.22 33.29 45.97 70 6.54 7.77 10.93 16.97 23.15
*Add $50.00 policy fee
CUNA Mutual Life Insurance Company
Guaranteed Annually Increasing Premiums per $1,000
MEMBERS Level 10/15/20/30
For Durations following Level Premium Period
All Bands / All Classes
Current Male Male Female Female Current Male Male Female Female
Age NonTob Tob NonTob Tob Age NonTob Tob NonTob Tob
====== ====== ====== ======= ======= ======= ======== ======= ======== ======
10 1.20 1.09 50 8.21 16.00 6.94 10.83
11 1.30 1.12 51 8.96 17.49 7.47 11.62
12 1.47 1.17 52 9.82 19.17 8.08 12.51
13 1.71 1.23 53 10.82 21.07 8.75 13.50
14 1.98 1.31 54 11.92 23.15 9.44 14.51
15 2.27 1.39 55 13.15 25.38 10.18 15.55
16 2.54 1.47 56 14.50 27.73 10.91 16.58
17 2.75 1.54 57 15.92 30.21 11.63 17.54
18 2.91 1.60 58 17.50 32.82 12.35 18.48
19 3.01 1.65 59 19.28 35.62 13.17 19.49
20 2.69 1.62 60 21.26 38.74 14.13 20.69
21 2.66 1.65 61 23.47 42.26 15.31 22.19
22 2.61 1.66 62 26.02 46.22 16.78 24.13
23 2.54 1.70 63 28.90 50.66 18.59 26.48
24 2.48 1.73 64 32.10 55.50 20.62 29.10
25 2.40 1.76 65 35.60 60.64 22.82 31.87
26 2.35 3.31 1.81 2.18 66 39.39 66.02 25.09 34.69
27 2.32 3.28 1.84 2.24 67 43.46 71.58 27.41 37.41
28 2.30 3.28 1.89 2.32 68 47.87 77.42 29.81 40.30
29 2.30 3.33 1.95 2.42 69 52.77 83.76 32.48 43.30
30 2.32 3.41 2.00 2.53 70 58.30 90.75 35.62 46.69
31 2.37 3.52 2.06 2.62 71 64.62 98.61 39.44 51.17
32 2.43 3.66 2.13 2.74 72 71.92 107.49 44.13 56.66
33 2.53 3.86 2.21 2.88 73 80.18 117.33 49.74 63.18
34 2.64 4.08 2.30 3.04 74 89.25 128.11 56.21 70.62
35 2.77 4.35 2.42 3.22 75 98.94 139.63 63.42 78.75
36 2.91 4.67 2.58 3.49 76 109.18 151.41 71.23 87.39
37 3.10 5.07 2.77 3.81 77 119.89 163.23 79.60 96.42
38 3.31 5.52 2.98 4.18 78 131.12 175.18 88.66 105.95
39 3.54 6.03 3.20 4.58 79 143.23 187.68 98.69 116.34
40 3.81 6.62 3.47 5.06 80 156.61 201.14 110.10 127.97
41 4.10 7.26 3.76 5.57 81 171.60 215.94 123.22 141.17
42 4.40 7.97 4.05 6.08 82 188.51 232.34 138.34 156.18
43 4.74 8.74 4.34 6.59 83 207.26 250.06 155.39 173.50
44 5.10 9.58 4.62 7.10 84 227.49 268.53 174.19 192.29
45 5.52 10.48 4.94 7.65 85 248.72 287.10 194.53 212.24
46 5.97 11.41 5.28 8.21 86 270.69 305.34 216.26 233.20
47 6.45 12.42 5.65 8.78 87 293.06 324.06 239.34 254.96
48 6.98 13.50 6.03 9.41 88 315.73 343.57 263.81 277.63
49 7.55 14.69 6.46 10.10 89 339.02 362.96 289.84 301.20
Add $50.00 policy fee
SCHEDULE IV - REINSURANCE PREMIUMS (CONTINUED)
--------------------------------------------------------------------------------
RATE SCHEDULE S-2
--------------------------------------------------------------------------------
23
CUNA Mutual Life Insurance Company
Guaranteed Level Premiums per $1,000*
MEMBERS Level - 15 2003
Band 2: $100,000-$249,999
Issue Male-NT Male-Tob Issue Female-NT Female-Tob
===== ===================== ============= ===== ===================== =============
Age Prf+ Prf Std Prf Std Age Prf+ Prf Std Prf Std
===== ===== ===== ===== ===== ===== ===== ===== ===== ===== ===== =====
16-25 0.72 0.87 1.08 1.56 2.02 25 0.63 0.76 0.95 1.29 1.68
26 0.72 0.87 1.09 1.58 2.05 26 0.63 0.76 0.96 1.31 1.71
27 0.72 0.88 1.10 1.60 2.08 27 0.64 0.77 0.96 1.33 1.74
28 0.73 0.88 1.11 1.63 2.12 28 0.64 0.77 0.97 1.36 1.76
29 0.73 0.89 1.12 1.65 2.15 29 0.65 0.78 0.97 1.38 1.79
30 0.73 0.89 1.13 1.67 2.18 30 0.65 0.78 0.98 1.40 1.82
31 0.73 0.89 1.14 1.70 2.23 31 0.65 0.78 0.98 1.43 1.85
32 0.73 0.89 1.15 1.74 2.28 32 0.65 0.78 0.98 1.45 1.89
33 0.73 0.89 1.16 1.78 2.34 33 0.65 0.78 0.99 1.48 1.92
34 0.74 0.90 1.19 1.84 2.42 34 0.66 0.78 1.00 1.52 1.98
35 0.76 0.93 1.23 1.93 2.54 35 0.67 0.80 1.03 1.58 2.06
36 0.80 0.98 1.30 2.05 2.69 36 0.70 0.83 1.08 1.66 2.17
37 0.85 1.03 1.38 2.19 2.87 37 0.73 0.87 1.14 1.76 2.29
38 0.91 1.10 1.48 2.36 3.07 38 0.77 0.92 1.21 1.87 2.44
39 0.97 1.18 1.58 2.55 3.31 39 0.81 0.97 1.29 2.00 2.61
40 1.04 1.27 1.70 2.77 3.59 40 0.86 1.03 1.37 2.14 2.79
41 1.11 1.37 1.82 3.02 3.92 41 0.91 1.09 1.45 2.30 3.00
42 1.19 1.47 1.95 3.31 4.30 42 0.96 1.15 1.54 2.48 3.24
43 1.28 1.58 2.10 3.62 4.70 43 1.02 1.21 1.63 2.67 3.50
44 1.37 1.70 2.25 3.94 5.12 44 1.08 1.28 1.72 2.87 3.75
45 1.47 1.83 2.42 4.26 5.54 45 1.15 1.36 1.83 3.06 4.00
46 1.57 1.95 2.59 4.55 5.91 46 1.21 1.44 1.94 3.23 4.21
47 1.67 2.07 2.77 4.81 6.25 47 1.28 1.51 2.05 3.38 4.39
48 1.78 2.20 2.96 5.10 6.62 48 1.35 1.59 2.17 3.54 4.58
49 1.91 2.36 3.19 5.45 7.07 49 1.43 1.69 2.31 3.74 4.82
50 2.08 2.56 3.46 5.90 7.66 50 1.53 1.81 2.47 4.00 5.15
51 2.27 2.79 3.77 6.46 8.40 51 1.64 1.95 2.65 4.33 5.57
52 2.48 3.05 4.11 7.09 9.24 52 1.77 2.09 2.85 4.71 6.07
53 2.72 3.34 4.50 7.80 10.19 53 1.91 2.26 3.06 5.13 6.62
54 3.00 3.68 4.94 8.57 11.22 54 2.07 2.45 3.31 5.59 7.21
55 3.32 4.07 5.46 9.42 12.33 55 2.26 2.68 3.61 6.06 7.82
56 3.68 4.51 6.03 10.31 13.49 56 2.47 2.93 3.94 6.53 8.43
57 4.07 4.98 6.66 11.24 14.69 57 2.70 3.19 4.29 7.00 9.04
58 4.51 5.50 7.35 12.26 16.00 58 2.95 3.48 4.68 7.51 9.70
59 5.01 6.11 8.14 13.39 17.47 59 3.26 3.83 5.14 8.10 10.45
60 5.59 6.80 9.05 14.69 19.14 60 3.63 4.26 5.68 8.81 11.34
61 6.38 7.75 10.29 16.42 21.36 61 4.18 4.88 6.44 9.82 12.58
62 7.17 8.70 11.53 18.14 23.59 62 4.72 5.50 7.21 10.84 13.82
63 7.97 9.65 12.78 19.87 25.81 63 5.27 6.13 7.97 11.85 15.07
64 8.76 10.60 14.02 21.59 28.04 64 5.81 6.75 8.74 12.87 16.31
65 9.55 11.55 15.26 23.32 30.26 65 6.36 7.37 9.50 13.88 17.55
*Add $50.00 policy fee
CUNA Mutual Life Insurance Company
Guaranteed Level Premiums per $1,000*
MEMBERS Level - 15 2003
Band 3: $250,000-$499,999
Issue Male-NT Male-Tob Issue Female-NT Female-Tob
===== ===================== ============= ===== ===================== =============
Age Prf+ Prf Std Prf Std Age Prf+ Prf Std Prf Std
===== ===== ===== ===== ===== ===== ===== ===== ===== ===== ===== =====
16-25 0.53 0.67 0.88 1.36 1.82 25 0.43 0.56 0.76 1.09 1.48
26 0.53 0.67 0.89 1.38 1.85 26 0.43 0.56 0.77 1.11 1.51
27 0.53 0.68 0.90 1.40 1.88 27 0.44 0.57 0.77 1.13 1.54
28 0.54 0.68 0.91 1.43 1.92 28 0.44 0.57 0.78 1.16 1.56
29 0.54 0.69 0.92 1.45 1.95 29 0.45 0.58 0.78 1.18 1.59
30 0.54 0.69 0.93 1.47 1.98 30 0.45 0.58 0.79 1.20 1.62
31 0.54 0.69 0.94 1.50 2.03 31 0.45 0.58 0.79 1.23 1.65
32 0.54 0.69 0.95 1.54 2.08 32 0.46 0.58 0.79 1.25 1.69
33 0.54 0.70 0.97 1.58 2.14 33 0.46 0.58 0.79 1.28 1.72
34 0.55 0.71 0.99 1.64 2.22 34 0.47 0.59 0.80 1.32 1.78
35 0.57 0.74 1.04 1.73 2.34 35 0.49 0.61 0.83 1.38 1.86
36 0.61 0.79 1.11 1.85 2.49 36 0.52 0.64 0.88 1.46 1.97
37 0.66 0.85 1.19 1.99 2.67 37 0.55 0.68 0.94 1.56 2.09
38 0.72 0.91 1.28 2.16 2.87 38 0.58 0.72 1.01 1.66 2.23
39 0.78 0.99 1.39 2.35 3.11 39 0.62 0.78 1.09 1.79 2.40
40 0.85 1.08 1.50 2.57 3.39 40 0.67 0.83 1.17 1.93 2.58
41 0.92 1.17 1.62 2.82 3.72 41 0.72 0.89 1.25 2.09 2.79
42 1.00 1.28 1.76 3.11 4.10 42 0.77 0.95 1.34 2.27 3.03
43 1.09 1.39 1.90 3.42 4.50 43 0.83 1.02 1.43 2.47 3.29
44 1.18 1.50 2.06 3.74 4.92 44 0.89 1.09 1.52 2.67 3.55
45 1.28 1.63 2.23 4.06 5.34 45 0.96 1.17 1.63 2.86 3.80
46 1.38 1.76 2.40 4.35 5.71 46 1.03 1.25 1.74 3.03 4.01
47 1.49 1.88 2.58 4.61 6.05 47 1.09 1.33 1.86 3.19 4.20
48 1.60 2.02 2.77 4.90 6.42 48 1.17 1.41 1.98 3.35 4.40
49 1.73 2.18 3.00 5.25 6.87 49 1.25 1.51 2.12 3.55 4.64
50 1.90 2.38 3.27 5.70 7.46 50 1.35 1.63 2.29 3.81 4.97
51 2.09 2.61 3.58 6.25 8.19 51 1.46 1.76 2.47 4.14 5.39
52 2.29 2.86 3.92 6.88 9.04 52 1.58 1.91 2.66 4.51 5.87
53 2.53 3.15 4.30 7.59 9.98 53 1.71 2.07 2.87 4.93 6.42
54 2.80 3.48 4.75 8.37 11.01 54 1.87 2.26 3.12 5.38 7.00
55 3.13 3.88 5.27 9.22 12.13 55 2.07 2.49 3.42 5.86 7.62
56 3.51 4.33 5.87 10.13 13.31 56 2.30 2.76 3.77 6.35 8.25
57 3.92 4.83 6.52 11.09 14.55 57 2.55 3.05 4.15 6.86 8.91
58 4.39 5.39 7.25 12.14 15.90 58 2.84 3.38 4.58 7.42 9.62
59 4.90 6.00 8.06 13.30 17.38 59 3.16 3.75 5.06 8.03 10.40
60 5.47 6.69 8.97 14.59 19.05 60 3.52 4.17 5.60 8.74 11.29
61 6.20 7.57 10.14 16.25 21.20 61 4.00 4.73 6.30 9.68 12.46
62 6.93 8.46 11.31 17.91 23.35 62 4.48 5.29 6.99 10.63 13.63
63 7.65 9.34 12.49 19.56 25.51 63 4.96 5.84 7.69 11.57 14.80
64 8.38 10.23 13.66 21.22 27.66 64 5.44 6.40 8.38 12.52 15.97
65 9.11 11.11 14.83 22.88 29.81 65 5.92 6.96 9.08 13.46 17.14
*Add $50.00 policy fee
CUNA Mutual Life Insurance Company
Guaranteed Level Premiums per $1,000*
MEMBERS Level - 15 2003
Band 4: $500,000+
Issue Male-NT Male-Tob Issue Female-NT Female-Tob
===== ===================== ============= ===== ===================== =============
Age Prf+ Prf Std Prf Std Age Prf+ Prf Std Prf Std
===== ===== ===== ===== ===== ===== ===== ===== ===== ===== ===== =====
16-25 0.43 0.57 0.78 1.26 1.72 25 0.33 0.46 0.66 0.99 1.38
26 0.43 0.57 0.79 1.28 1.75 26 0.33 0.46 0.67 1.01 1.41
27 0.43 0.58 0.80 1.30 1.78 27 0.34 0.47 0.67 1.03 1.44
28 0.44 0.58 0.81 1.33 1.82 28 0.34 0.47 0.68 1.06 1.46
29 0.44 0.59 0.82 1.35 1.85 29 0.35 0.48 0.68 1.08 1.49
30 0.44 0.59 0.83 1.37 1.88 30 0.35 0.48 0.69 1.10 1.52
31 0.44 0.59 0.84 1.40 1.93 31 0.35 0.48 0.69 1.13 1.55
32 0.44 0.59 0.85 1.44 1.98 32 0.36 0.48 0.70 1.15 1.59
33 0.44 0.60 0.87 1.48 2.04 33 0.36 0.48 0.70 1.18 1.62
34 0.45 0.61 0.89 1.54 2.12 34 0.37 0.49 0.71 1.22 1.68
35 0.47 0.64 0.94 1.63 2.24 35 0.39 0.51 0.74 1.28 1.76
36 0.51 0.69 1.01 1.75 2.39 36 0.42 0.54 0.79 1.36 1.87
37 0.56 0.74 1.09 1.89 2.56 37 0.45 0.58 0.85 1.46 1.99
38 0.62 0.81 1.18 2.05 2.77 38 0.49 0.63 0.91 1.56 2.13
39 0.69 0.89 1.29 2.24 3.00 39 0.53 0.68 0.99 1.69 2.30
40 0.76 0.98 1.40 2.46 3.28 40 0.58 0.74 1.07 1.83 2.48
41 0.83 1.08 1.52 2.71 3.61 41 0.63 0.80 1.15 1.99 2.69
42 0.91 1.18 1.66 3.01 3.99 42 0.68 0.86 1.24 2.17 2.93
43 1.00 1.29 1.80 3.32 4.40 43 0.73 0.92 1.33 2.37 3.19
44 1.09 1.41 1.96 3.64 4.82 44 0.79 0.99 1.43 2.57 3.45
45 1.19 1.54 2.13 3.96 5.24 45 0.86 1.07 1.54 2.76 3.70
46 1.29 1.66 2.30 4.25 5.61 46 0.93 1.15 1.65 2.93 3.91
47 1.40 1.79 2.48 4.52 5.96 47 1.00 1.23 1.77 3.09 4.10
48 1.51 1.92 2.68 4.80 6.33 48 1.08 1.32 1.89 3.25 4.30
49 1.64 2.08 2.90 5.15 6.78 49 1.17 1.42 2.04 3.45 4.54
50 1.81 2.28 3.18 5.60 7.37 50 1.27 1.54 2.20 3.71 4.87
51 2.00 2.51 3.49 6.15 8.10 51 1.38 1.67 2.38 4.04 5.29
52 2.20 2.76 3.82 6.78 8.94 52 1.49 1.81 2.56 4.41 5.77
53 2.44 3.05 4.20 7.48 9.88 53 1.63 1.98 2.77 4.82 6.31
54 2.71 3.38 4.64 8.26 10.91 54 1.78 2.17 3.02 5.27 6.90
55 3.04 3.78 5.17 9.12 12.03 55 1.98 2.40 3.32 5.76 7.32
56 3.42 4.24 5.77 10.04 13.22 56 2.22 2.67 3.68 6.27 8.17
57 3.85 4.75 6.44 11.02 14.48 57 2.48 2.98 4.08 6.80 8.85
58 4.32 5.32 7.18 12.09 15.85 58 2.78 3.32 4.53 7.37 9.58
59 4.84 5.94 8.00 13.26 17.35 59 3.11 3.70 5.02 8.00 10.38
60 5.41 6.63 8.91 14.55 19.02 60 3.47 4.12 5.56 8.71 11.27
61 6.12 7.49 10.06 16.18 21.15 61 3.93 4.65 6.24 9.63 12.41
62 6.82 8.35 11.21 17.82 23.28 62 4.38 5.19 6.92 10.55 13.56
63 7.53 9.22 12.37 19.45 25.41 63 4.84 5.72 7.60 11.47 14.70
64 8.23 10.08 13.52 21.09 27.54 64 5.29 6.26 8.28 12.39 15.85
65 8.94 10.94 14.67 22.72 29.67 65 5.75 6.79 8.96 13.31 16.99
*Add $50.00 policy fee
CUNA Mutual Life Insurance Company
Guaranteed Annually Increasing Premiums per $1,000
MEMBERS Level 10/15/20/30
For Durations following Level Premium Period
All Bands / All Classes
Current Male Male Female Female Current Male Male Female Female
Age NonTob Tob NonTob Tob Age NonTob Tob NonTob Tob
====== ====== ====== ======= ======= ======= ======== ======= ======== ======
10 1.20 1.09 50 8.21 16.00 6.94 10.83
11 1.30 1.12 51 8.96 17.49 7.47 11.62
12 1.47 1.17 52 9.82 19.17 8.08 12.51
13 1.71 1.23 53 10.82 21.07 8.75 13.50
14 1.98 1.31 54 11.92 23.15 9.44 14.51
15 2.27 1.39 55 13.15 25.38 10.18 15.55
16 2.54 1.47 56 14.50 27.73 10.91 16.58
17 2.75 1.54 57 15.92 30.21 11.63 17.54
18 2.91 1.60 58 17.50 32.82 12.35 18.48
19 3.01 1.65 59 19.28 35.62 13.17 19.49
20 2.69 1.62 60 21.26 38.74 14.13 20.69
21 2.66 1.65 61 23.47 42.26 15.31 22.19
22 2.61 1.66 62 26.02 46.22 16.78 24.13
23 2.54 1.70 63 28.90 50.66 18.59 26.48
24 2.48 1.73 64 32.10 55.50 20.62 29.10
25 2.40 1.76 65 35.60 60.64 22.82 31.87
26 2.35 3.31 1.81 2.18 66 39.39 66.02 25.09 34.69
27 2.32 3.28 1.84 2.24 67 43.46 71.58 27.41 37.41
28 2.30 3.28 1.89 2.32 68 47.87 77.42 29.81 40.30
29 2.30 3.33 1.95 2.42 69 52.77 83.76 32.48 43.30
30 2.32 3.41 2.00 2.53 70 58.30 90.75 35.62 46.69
31 2.37 3.52 2.06 2.62 71 64.62 98.61 39.44 51.17
32 2.43 3.66 2.13 2.74 72 71.92 107.49 44.13 56.66
33 2.53 3.86 2.21 2.88 73 80.18 117.33 49.74 63.18
34 2.64 4.08 2.30 3.04 74 89.25 128.11 56.21 70.62
35 2.77 4.35 2.42 3.22 75 98.94 139.63 63.42 78.75
36 2.91 4.67 2.58 3.49 76 109.18 151.41 71.23 87.39
37 3.10 5.07 2.77 3.81 77 119.89 163.23 79.60 96.42
38 3.31 5.52 2.98 4.18 78 131.12 175.18 83.66 105.95
39 3.54 6.03 3.20 4.58 79 143.23 187.68 98.69 116.34
40 3.81 6.62 3.47 5.06 80 156.61 201.14 110.10 127.97
41 4.10 7.26 3.76 5.57 81 171.60 215.94 123.22 141.17
42 4.40 7.97 4.05 6.08 82 188.51 232.34 138.34 156.18
43 4.74 8.74 4.34 6.59 83 207.26 250.06 155.39 173.50
44 5.10 9.58 4.62 7.10 84 227.49 268.53 174.19 192.29
45 5.52 10.48 4.94 7.65 85 248.72 287.10 194.53 212.24
46 5.97 11.41 5.28 8.21 86 270.69 305.34 216.26 233.20
47 6.45 12.42 5.65 8.78 87 293.06 324.06 239.34 254.96
48 6.98 13.50 6.03 9.41 88 315.73 343.57 263.81 277.63
49 7.55 14.69 6.46 10.10 89 339.02 362.96 289.84 301.20
*Add $50.00 policy fee
SCHEDULE IV - REINSURANCE PREMIUMS (CONTINUED)
--------------------------------------------------------------------------------
RATE SCHEDULE S-3
--------------------------------------------------------------------------------
24
CUNA Mutual Life Insurance Company
Guaranteed Level Premiums per $1,000*
MEMBERS Level - 20 2003
Band 2: $100,000-$249,999
Issue Male-NT Male-Tob Issue Female-NT Female-Tob
===== ===================== ============= ===== ===================== =============
Age Prf+ Prf Std Prf Std Age Prf+ Prf Std Prf Std
===== ===== ===== ===== ===== ===== ===== ===== ===== ===== ===== =====
16-25 0.84 1.02 1.19 1.75 2.22 25 0.73 0.88 1.08 1.44 1.83
26 0.84 1.03 1.21 1.79 2.27 26 0.73 0.89 1.09 1.47 1.88
27 0.85 1.04 1.23 1.83 2.33 27 0.74 0.89 1.10 1.51 1.92
28 0.85 1.04 1.26 1.87 2.38 28 0.74 0.90 1.11 1.54 1.97
29 0.86 1.05 1.28 1.91 2.44 29 0.75 0.90 1.12 1.58 2.01
30 0.86 1.06 1.30 1.95 2.49 30 0.75 0.91 1.13 1.61 2.06
31 0.86 1.07 1.33 2.00 2.56 31 0.75 0.91 1.14 1.65 2.11
32 0.86 1.06 1.35 2.05 2.64 32 0.75 0.91 1.15 1.68 2.16
33 0.85 1.07 1.38 2.11 2.72 33 0.76 0.91 1.16 1.72 2.22
34 0.87 1.09 1.43 2.20 2.85 34 0.77 0.92 1.18 1.78 2.29
35 0.90 1.13 1.50 2.33 3.02 35 0.79 0.95 1.22 1.87 2.41
36 0.96 1.20 1.60 2.51 3.25 36 0.83 1.00 1.29 1.99 2.57
37 1.04 1.29 1.72 2.73 3.53 37 0.88 1.06 1.37 2.14 2.76
38 1.13 1.40 1.86 2.99 3.85 38 0.95 1.13 1.47 2.31 2.98
39 1.23 1.52 2.01 3.26 4.19 39 1.01 1.21 1.58 2.48 3.21
40 1.33 1.64 2.16 3.35 4.55 40 1.07 1.28 1.68 2.66 3.44
41 1.43 1.76 2.31 3.85 4.92 41 1.12 1.35 1.77 2.83 3.66
42 1.53 1.88 2.45 4.16 5.30 42 1.17 1.41 1.87 3.00 3.89
43 1.64 2.01 2.61 4.50 5.71 43 1.23 1.47 1.96 3.18 4.13
44 1.77 2.16 2.80 4.86 6.17 44 1.29 1.55 2.07 3.37 4.39
45 1.91 2.34 3.02 5.27 6.68 45 1.37 1.65 2.21 3.60 4.68
46 2.07 2.54 3.28 5.71 7.25 46 1.47 1.77 2.37 3.85 5.00
47 2.25 2.75 3.56 6.18 7.85 47 1.58 1.89 2.54 4.13 5.34
48 2.44 2.99 3.88 6.69 8.51 48 1.71 2.04 2.73 4.43 5.72
49 2.66 3.25 4.22 7.25 9.23 49 1.85 2.20 2.95 4.76 6.12
50 2.90 3.54 4.61 7.86 10.02 50 2.00 2.37 3.18 5.12 6.57
51 3.15 3.84 5.01 8.50 10.85 51 2.15 2.55 3.42 5.50 7.04
52 3.40 4.14 5.43 9.17 11.71 52 2.31 2.72 3.66 5.90 7.52
53 3.69 4.48 5.89 9.90 12.65 53 2.49 2.92 3.93 6.33 8.05
54 4.03 4.89 6.43 10.73 13.71 54 2.70 3.16 4.25 6.84 8.66
55 4.44 5.38 7.08 11.70 14.95 55 2.97 3.47 4.65 7.43 9.39
56 5.05 6.11 8.02 13.04 16.64 56 3.38 3.95 5.26 8.27 10.43
57 5.66 6.84 8.96 14.38 18.33 57 3.79 4.42 5.86 9.10 11.47
58 6.27 7.56 9.91 15.73 20.03 58 4.21 4.90 6.47 9.94 12.50
59 6.88 8.29 10.85 17.07 21.72 59 4.62 5.37 7.07 10.77 13.54
60 7.49 9.02 11.79 18.41 23.41 60 5.03 5.85 7.68 11.61 14.58
*Add $50.00 policy fee
CUNA Mutual Life Insurance Company
Guaranteed Level Premiums per $1,000*
MEMBERS Level - 20 2003
Band 3: $250,000-$499,999
Issue Male-NT Male-Tob Issue Female-NT Female-Tob
===== ===================== ============= ===== ===================== =============
Age Prf+ Prf Std Prf Std Age Prf+ Prf Std Prf Std
===== ===== ===== ===== ===== ===== ===== ===== ===== ===== ===== =====
16-25 0.64 0.82 1.01 1.55 2.02 25 0.54 0.68 0.90 1.24 1.63
26 0.65 0.83 1.03 1.59 2.07 26 0.55 0.69 0.91 1.27 1.68
27 0.65 0.84 1.05 1.63 2.13 27 0.55 0.69 0.92 1.31 1.72
28 0.66 0.84 1.08 1.67 2.18 28 0.56 0.70 0.93 1.34 1.77
29 0.66 0.85 1.10 1.71 2.24 29 0.56 0.70 0.94 1.38 1.81
30 0.67 0.86 1.12 1.75 2.29 30 0.57 0.71 0.95 1.41 1.86
31 0.67 0.87 1.15 1.80 2.36 31 0.58 0.71 0.96 1.45 1.91
32 0.67 0.87 1.17 1.85 2.44 32 0.58 0.72 0.97 1.48 1.96
33 0.67 0.88 1.20 1.19 2.52 33 0.58 0.72 0.98 1.53 2.02
34 0.69 0.91 1.25 2.00 2.65 34 0.60 0.73 1.00 1.58 2.10
35 0.72 0.95 1.32 2.13 2.82 35 0.62 0.76 1.04 1.67 2.21
36 0.78 1.02 1.41 2.31 3.05 36 0.66 0.81 1.10 1.79 2.36
37 0.85 1.11 1.53 2.52 3.32 37 0.71 0.87 1.19 1.93 2.55
38 0.93 1.21 1.66 2.76 3.63 38 0.76 0.93 1.28 2.09 2.76
39 1.03 1.32 1.80 3.03 3.97 39 0.82 1.01 1.38 2.26 2.98
40 1.13 1.44 1.95 3.32 4.33 40 0.88 1.08 1.48 2.43 3.21
41 1.23 1.56 2.10 3.62 4.70 41 0.94 1.15 1.58 2.60 3.44
42 1.34 1.69 2.25 3.94 5.09 42 0.99 1.22 1.67 2.78 3.67
43 1.46 1.82 2.42 4.28 5.51 43 1.05 1.29 1.78 2.96 3.92
44 1.59 1.97 2.61 4.66 5.96 44 1.12 1.37 1.89 3.17 4.18
45 1.74 2.15 2.84 5.07 6.48 45 1.20 1.47 2.03 3.40 4.48
46 1.90 2.35 3.10 5.51 7.04 46 1.30 1.58 2.19 3.65 4.80
47 2.07 2.56 3.37 5.98 7.65 47 1.40 1.71 2.36 3.93 5.14
48 2.26 2.79 3.68 6.48 8.30 48 1.52 1.85 2.54 4.22 5.51
49 2.47 3.05 4.03 7.03 9.01 49 1.66 2.01 2.75 4.55 5.91
50 2.71 3.34 4.41 7.64 9.80 50 1.81 2.18 2.98 4.91 6.36
51 2.96 3.64 4.81 8.28 10.63 51 1.97 2.36 3.22 5.29 6.83
52 3.22 3.95 5.23 8.95 11.49 52 2.12 2.54 3.46 5.69 7.30
53 3.51 4.29 5.69 9.68 12.43 53 2.30 2.74 3.73 6.12 7.83
54 3.85 4.70 6.24 10.52 13.50 54 2.52 2.98 4.06 6.63 8.45
55 4.27 5.20 6.90 11.50 14.75 55 2.80 3.30 4.47 7.23 9.19
56 4.89 5.94 7.86 12.86 16.46 56 3.23 3.79 5.10 8.08 10.25
57 5.51 6.68 8.82 14.23 18.18 57 3.65 4.28 5.72 8.94 11.31
58 6.13 7.43 9.77 15.59 19.89 58 4.08 4.76 6.35 9.79 12.38
59 6.75 8.17 10.73 16.96 21.61 59 4.50 5.25 6.97 10.65 13.44
60 7.37 8.91 11.69 18.32 23.32 60 4.93 5.74 7.60 11.50 14.50
*Add $50.00 policy fee
CUNA Mutual Life Insurance Company
Guaranteed Level Premiums per $1,000*
MEMBERS Level - 20 2003
Band 4: $500,000+
Issue Male-NT Male-Tob Issue Female-NT Female-Tob
===== ===================== ============= ===== ===================== =============
Age Prf+ Prf Std Prf Std Age Prf+ Prf Std Prf Std
===== ===== ===== ===== ===== ===== ===== ===== ===== ===== ===== =====
16-25 0.55 0.72 0.92 1.45 1.92 25 0.44 0.58 0.81 1.14 1.53
26 0.56 0.73 0.94 1.49 1.97 26 0.45 0.59 0.82 1.17 1.58
27 0.56 0.74 0.96 1.53 2.03 27 0.46 0.60 0.83 1.21 1.62
28 0.57 0.74 0.99 1.57 2.08 28 0.46 0.60 0.84 1.24 1.67
29 0.57 0.75 1.01 1.61 2.14 29 0.47 0.61 0.85 1.28 1.71
30 0.58 0.76 1.03 1.65 2.19 30 0.48 0.62 0.86 1.31 1.76
31 0.58 0.77 1.06 1.70 2.26 31 0.49 0.63 0.87 1.35 1.81
32 0.59 0.77 1.08 1.75 2.34 32 0.49 0.63 0.88 1.38 1.86
33 0.59 0.78 1.12 1.81 2.43 33 0.50 0.63 0.89 1.43 1.92
34 0.61 0.81 1.16 1.90 2.55 34 0.51 0.64 0.91 1.49 2.00
35 0.64 0.85 1.23 2.03 2.72 35 0.53 0.67 0.95 1.57 2.11
36 0.69 0.92 1.32 2.21 2.95 36 0.57 0.71 1.01 1.68 2.26
37 0.76 1.01 1.43 2.42 3.22 37 0.61 0.77 1.09 1.82 2.45
38 0.84 1.11 1.56 2.66 3.53 38 0.66 0.84 1.18 1.98 2.65
39 0.93 1.22 1.70 2.92 3.86 39 0.72 0.91 1.28 2.15 2.87
40 1.03 1.34 1.85 3.21 4.22 40 0.78 0.98 1.38 2.32 3.10
41 1.13 1.46 2.00 3.51 4.59 41 0.84 1.05 1.48 2.49 3.33
42 1.24 1.59 2.16 3.83 4.98 42 0.89 1.12 1.58 2.67 3.56
43 1.37 1.73 2.33 4.18 5.40 43 0.95 1.19 1.68 2.86 3.81
44 1.50 1.88 2.52 4.56 5.86 44 1.02 1.28 1.80 3.07 4.08
45 1.65 2.06 2.75 4.97 6.38 45 1.11 1.38 1.94 3.30 4.38
46 1.81 2.26 3.00 5.41 6.94 46 1.21 1.50 2.10 3.56 4.70
47 1.98 2.47 3.28 5.87 7.54 47 1.32 1.62 2.27 3.83 5.04
48 2.17 2.70 3.59 6.37 8.19 48 1.43 1.76 2.45 4.12 5.41
49 2.38 2.95 3.93 6.92 8.90 49 1.57 1.92 2.66 4.45 5.81
50 2.62 3.24 4.31 7.53 9.69 50 1.72 2.09 2.89 4.81 6.26
51 2.87 3.54 4.71 8.17 10.52 51 1.88 2.27 3.13 5.19 6.72
52 3.13 3.85 5.13 8.84 11.38 52 2.04 2.44 3.37 5.58 7.20
53 3.41 4.19 5.60 9.57 12.32 53 2.22 2.64 3.63 6.02 7.73
54 3.76 4.61 6.15 10.41 13.40 54 2.44 2.89 3.96 6.52 8.35
55 4.18 5.11 6.81 11.40 14.65 55 2.72 3.21 4.38 7.13 9.09
56 4.81 5.86 7.77 12.77 16.38 56 3.15 3.71 5.02 8.00 10.17
57 5.44 6.61 8.73 14.15 18.10 57 3.58 4.20 5.66 8.87 11.24
58 6.06 7.35 9.70 15.52 19.83 58 4.01 4.70 6.30 9.73 12.32
59 6.69 8.10 10.66 16.90 21.55 59 4.44 5.19 6.94 10.60 13.39
60 7.32 8.85 11.62 18.27 23.28 60 4.87 5.69 7.58 11.47 14.47
*Add $50.00 policy fee
CUNA Mutual Life Insurance Company
Guaranteed Annually Increasing Premiums per $1,000
MEMBERS Level 10/15/20/30
For Durations following Level Premium Period
All Bands / All Classes
Current Male Male Female Female Current Male Male Female Female
Age NonTob Tob NonTob Tob Age NonTob Tob NonTob Tob
====== ====== ====== ======= ======= ======= ======== ======= ======== ======
10 1.20 1.09 50 8.21 16.00 6.94 10.83
11 1.30 1.12 51 8.96 17.49 7.47 11.62
12 1.47 1.17 52 9.82 19.17 8.08 12.51
13 1.71 1.23 53 10.82 21.07 8.75 13.50
14 1.98 1.31 54 11.92 23.15 9.44 14.51
15 2.27 1.39 55 13.15 25.38 10.18 15.55
16 2.54 1.47 56 14.50 27.73 10.91 16.58
17 2.75 1.54 57 15.92 30.21 11.63 17.54
18 2.91 1.60 58 17.50 32.82 12.35 18.48
19 3.01 1.65 59 19.28 35.62 13.17 19.49
20 2.69 1.62 60 21.26 38.74 14.13 20.69
21 2.66 1.65 61 23.47 42.26 15.31 22.19
22 2.61 1.66 62 26.02 46.22 16.78 24.13
23 2.54 1.70 63 28.90 50.66 18.59 26.48
24 2.48 1.73 64 32.10 55.50 20.62 29.10
25 2.40 1.76 65 35.60 60.64 22.82 31.87
26 2.35 3.31 1.81 2.18 66 39.39 66.02 25.09 34.69
27 2.32 3.28 1.84 2.24 67 43.46 71.58 27.41 37.41
28 2.30 3.28 1.89 2.32 68 47.87 77.42 29.81 40.30
29 2.30 3.33 1.95 2.42 69 52.77 83.76 32.48 43.30
30 2.32 3.41 2.00 2.53 70 58.30 90.75 35.62 46.69
31 2.37 3.52 2.06 2.62 71 64.62 98.61 39.44 51.17
32 2.43 3.66 2.13 2.74 72 71.92 107.49 44.13 56.66
33 2.53 3.86 2.21 2.88 73 80.18 117.33 49.74 63.18
34 2.64 4.08 2.30 3.04 74 89.25 128.11 56.21 70.62
35 2.77 4.35 2.42 3.22 75 98.94 139.63 63.42 78.75
36 2.91 4.67 2.58 3.49 76 109.18 151.41 71.23 87.39
37 3.10 5.07 2.77 3.81 77 119.89 163.23 79.60 96.42
38 3.31 5.52 2.98 4.18 78 131.12 175.18 88.66 105.95
39 3.54 6.03 3.20 4.58 79 143.23 187.68 98.69 116.34
40 3.81 6.62 3.47 5.06 80 156.61 201.14 110.10 127.97
41 4.10 7.26 3.76 5.57 81 171.60 215.94 123.22 141.17
42 4.40 7.97 4.05 6.08 82 188.51 232.34 138.34 156.18
43 4.74 8.74 4.34 6.59 83 207.26 250.06 155.39 173.50
44 5.10 9.58 4.62 7.10 84 227.49 268.53 174.19 192.29
45 5.52 10.48 4.94 7.65 85 248.72 287.10 194.53 212.24
46 5.97 11.41 5.28 8.21 86 270.69 305.34 216.26 233.20
47 6.45 12.42 5.65 8.78 87 293.06 324.06 239.34 254.96
48 6.98 13.50 6.03 9.41 88 315.73 343.57 263.81 277.63
49 7.55 14.69 6.46 10.10 89 339.02 362.96 289.84 301.20
Add $50.00 policy fee
SCHEDULE IV - REINSURANCE PREMIUMS (CONTINUED)
--------------------------------------------------------------------------------
RATE SCHEDULE S-4
--------------------------------------------------------------------------------
25
CUNA Mutual Life Insurance Company
Guaranteed Level Premiums per $1,000*
MEMBERS Level - 30 2003
Band 2: $100,000-$249,999
Issue Male-NT Male-Tob Issue Female-NT Female-Tob
===== ================== ============ ===== ==================== ===========
Age Prf+ Prf Std Prf Std Age Prf+ Prf Std Prf Std
===== ==== ==== ==== ==== ==== ===== ===== ===== ==== ==== ====
16-25 1.30 1.66 2.04 2.56 3.42 25 1.04 1.33 1.74 1.96 2.65
26 1.32 1.68 2.09 2.64 3.53 26 1.05 1.33 1.76 2.00 2.71
27 1.34 1.71 2.14 2.72 3.64 27 1.06 1.34 1.77 2.04 2.77
28 1.36 1.73 2.18 2.80 3.74 28 1.07 1.34 1.79 2.08 2.84
29 1.38 1.76 2.23 2.88 3.85 29 1.08 1.35 1.80 2.12 2.90
30 1.40 1.78 2.28 2.96 3.96 30 1.09 1.35 1.82 2.16 2.96
31 1.42 1.80 2.34 3.06 4.10 31 1.10 1.35 1.83 2.20 3.03
32 1.44 1.82 2.40 3.16 4.24 32 1.10 1.33 1.83 2.23 3.09
33 1.46 1.84 2.47 3.28 4.40 33 1.11 1.33 1.84 2.27 3.16
34 1.50 1.89 2.57 3.45 4.62 34 1.13 1.34 1.87 2.35 3.27
35 1.57 1.98 2.71 3.68 4.92 35 1.17 1.38 1.94 2.47 3.45
36 1.68 2.12 2.90 3.99 5.32 36 1.24 1.46 2.06 2.65 3.70
37 1.81 2.29 3.13 4.35 5.80 37 1.32 1.57 2.21 2.88 4.00
38 1.97 2.49 3.39 4.77 6.33 38 1.42 1.70 2.38 3.14 4.34
39 2.14 2.71 3.67 5.22 6.91 39 1.53 1.84 2.57 3.43 4.72
40 2.31 2.93 3.95 5.70 7.52 40 1.64 1.99 2.77 3.73 5.11
41 2.51 3.19 4.27 41 1.76 2.16 2.99
42 2.71 3.45 4.59 42 1.89 2.33 3.22
43 2.92 3.70 4.91 43 2.01 2.49 3.44
44 3.12 3.96 5.23 44 2.14 2.66 3.67
45 3.32 4.22 5.55 45 2.26 2.83 3.89
*Add $50.00 policy fee
CUNA Mutual Life Insurance Company
Guaranteed Level Premiums per $1,000*
MEMBERS Level - 30 2003
Band 3: $250,000-$499,999
Issue Male-NT Male-Tob Issue Female-NT Female-Tob
===== ================== ============ ===== ==================== ===========
Age Prf+ Prf Std Prf Std Age Prf+ Prf Std Prf Std
===== ==== ==== ==== ==== ==== ===== ===== ===== ==== ==== ====
16-25 1.07 1.43 1.79 2.43 3.22 25 0.81 1.10 1.60 1.81 2.61
26 1.09 1.45 1.83 2.51 3.32 26 0.82 1.11 1.61 1.85 2.66
27 1.11 1.48 1.87 2.59 3.42 27 0.84 1.12 1.62 1.89 2.71
28 1.14 1.50 1.92 2.68 3.51 28 0.85 1.12 1.62 1.94 2.76
29 1.16 1.53 1.96 2.76 3.61 29 0.87 1.13 1.63 1.98 2.81
30 1.18 1.55 2.00 2.84 3.71 30 0.88 1.14 1.64 2.02 2.86
31 1.21 1.57 2.05 2.95 3.83 31 0.89 1.14 1.64 2.06 2.91
32 1.23 1.59 2.10 3.05 3.95 32 0.90 1.13 1.62 2.10 2.94
33 1.26 1.62 2.16 3.18 4.09 33 0.92 1.13 1.61 2.14 2.99
34 1.30 1.67 2.24 3.34 4.28 34 0.95 1.15 1.63 2.22 3.08
35 1.38 1.76 2.37 3.58 4.57 35 0.99 1.19 1.69 2.34 3.24
36 1.49 1.89 2.55 3.89 4.96 36 1.06 1.27 1.80 2.52 3.48
37 1.63 2.06 2.76 4.25 5.42 37 1.14 1.37 1.94 2.74 3.78
38 1.78 2.26 3.01 4.67 5.95 38 1.23 1.50 2.12 3.00 4.12
39 1.96 2.47 3.28 5.12 6.52 39 1.33 1.63 2.31 3.28 4.50
40 2.14 2.69 3.56 5.60 7.13 40 1.44 1.77 2.50 3.58 4.89
41 2.36 2.95 3.89 41 1.56 1.93 2.73
42 2.58 3.22 4.22 42 1.68 2.10 2.95
43 2.80 3.48 4.56 43 1.80 2.26 3.18
44 3.02 3.75 4.89 44 1.92 2.43 3.40
45 3.24 4.01 5.22 45 2.04 2.59 3.63
* Add $50.00 policy fee
CUNA Mutual Life Insurance Company
Guaranteed Level Premiums per $1,000*
MEMBERS Level - 30 2003
Band 4: $500,000+
Issue Male-NT Male-Tob Issue Female-NT Female-Tob
===== ================== ============ ===== ==================== ===========
Age Prf+ Prf Std Prf Std Age Prf+ Prf Std Prf Std
===== ==== ==== ==== ==== ==== ===== ===== ===== ==== ==== ====
16-25 0.93 1.27 1.65 2.31 3.11 25 0.68 0.95 1.46 1.68 2.49
26 0.95 1.29 1.69 2.39 3.21 26 0.69 0.96 1.47 1.72 2.54
27 0.97 1.32 1.74 2.47 3.31 27 0.71 0.97 1.48 1.76 2.59
28 0.99 1.34 1.78 2.56 3.40 28 0.72 0.97 1.48 1.81 2.65
29 1.01 1.37 1.83 2.64 3.50 29 0.74 0.98 1.49 1.85 2.70
30 1.03 1.39 1.87 2.72 3.60 30 0.75 0.99 1.50 1.89 2.75
31 1.05 1.42 1.92 2.82 3.72 31 0.76 0.99 1.50 1.94 2.80
32 1.07 1.44 1.97 2.92 3.85 32 0.78 0.99 1.49 1.97 2.84
33 1.10 1.47 2.03 3.04 3.99 33 0.79 0.99 1.49 2.02 2.89
34 1.14 1.52 2.12 3.21 4.19 34 0.82 1.01 1.51 2.10 2.99
35 1.22 1.61 2.25 3.44 4.48 35 0.86 1.06 1.57 2.23 3.15
36 1.33 1.74 2.42 3.75 4.86 36 0.92 1.14 1.68 2.41 3.39
37 1.46 1.91 2.63 4.12 5.32 37 1.00 1.24 1.82 2.63 3.68
38 1.61 2.10 2.87 4.53 5.84 38 1.09 1.36 1.98 2.89 4.02
39 1.79 2.31 3.13 4.99 6.40 39 1.19 1.49 2.17 3.17 4.39
40 1.97 2.53 3.41 5.48 7.00 40 1.30 1.63 2.36 3.47 4.78
41 2.20 2.80 3.74 41 1.43 1.80 2.59
42 2.43 3.08 4.07 42 1.56 1.97 2.81
43 2.66 3.35 4.39 43 1.68 2.13 3.04
44 2.89 3.63 4.72 44 1.81 2.30 3.26
45 3.12 3.90 5.05 45 1.94 2.47 3.49
* Add $50.00 policy fee
CUNA Mutual Life Insurance Company
Guaranteed Annually Increasing Premiums per $1,000
MEMBERS Level 10/15/20/30
For Durations following Level Premium Period
All Bands [FIE] All Classes
Current Male Male Female Female Current Male Male Female Female
Age NonTob Tob NonTob Tob Age NonTob Tob NonTob Tob
======= ====== ==== ====== ====== ======= ====== ===== ====== ======
10 1.20 1.09 50 8.21 16.00 6.94 10.83
11 1.30 1.12 51 8.96 17.49 7.47 11.62
12 1.47 1.17 52 9.82 19.17 8.08 12.51
13 1.71 1.23 53 10.82 21.07 8.75 13.50
14 1.98 1.31 54 11.92 23.15 9.44 14.51
15 2.27 1.39 55 13.15 25.38 10.18 15.55
16 2.54 1.47 56 14.50 27.73 10.91 16.58
17 2.75 1.54 57 15.92 30.21 11.63 17.54
18 2.91 1.60 58 17.50 32.82 12.35 18.48
19 3.01 1.65 59 19.28 35.62 13.17 19.49
20 2.69 1.62 60 21.26 38.74 14.13 20.69
21 2.66 1.65 61 23.47 42.26 15.31 22.19
22 2.61 1.66 62 26.02 46.22 16.78 24.13
23 2.54 1.70 63 28.90 50.66 18.59 26.48
24 2.48 1.73 64 32.10 55.50 20.62 29.10
25 2.40 1.76 65 35.60 60.64 22.82 31.87
26 2.35 3.31 1.81 2.18 66 39.39 66.02 25.09 34.69
27 2.32 3.28 1.84 2.24 67 43.46 71.58 27.41 37.41
28 2.30 3.28 1.89 2.32 68 47.87 77.42 29.81 40.30
29 2.30 3.33 1.95 2.42 69 52.77 83.76 32.48 43.30
30 2.32 3.41 2.00 2.53 70 58.30 90.75 35.62 46.69
31 2.37 3.52 2.06 2.62 71 64.62 98.61 39.44 51.17
32 2.43 3.66 2.13 2.74 72 71.92 107.49 44.13 56.66
33 2.53 3.86 2.21 2.88 73 80.18 117.33 49.74 63.18
34 2.64 4.08 2.30 3.04 74 89.25 128.11 56.21 70.62
35 2.77 4.35 2.42 3.22 75 98.94 139.63 63.42 78.75
36 2.91 4.67 2.58 3.49 76 109.18 151.41 71.23 87.39
37 3.10 5.07 2.77 3.81 77 119.89 163.23 79.60 96.42
38 3.31 5.52 2.98 4.18 78 131.12 175.18 88.66 105.95
39 3.54 6.03 3.20 4.58 79 143.23 187.68 98.69 116.34
40 3.81 6.62 3.47 5.06 80 156.61 201.14 110.10 127.97
41 4.10 7.26 3.76 5.57 81 171.60 215.94 123.22 141.17
42 4.40 7.97 4.05 6.08 82 188.51 232.34 138.34 156.18
43 4.74 8.74 4.34 6.59 83 207.26 250.06 155.39 173.50
44 5.10 9.58 4.62 7.10 84 227.49 268.53 174.19 192.29
45 5.52 10.48 4.94 7.65 85 248.72 287.10 194.53 212.24
46 5.97 11.41 5.28 8.21 86 270.69 305.34 216.26 233.20
47 6.45 12.42 5.65 8.78 87 293.06 324.06 239.34 254.96
48 6.98 13.50 6.03 9.41 88 315.73 343.57 263.81 277.63
49 7.55 14.69 6.46 10.10 89 339.02 362.96 289.84 301.20
* Add $50.00 policy fee
SCHEDULE IV - REINSURANCE PREMIUMS (CONTINUED)
--------------------------------------------------------------------------------
RATE SCHEDULE S-5
--------------------------------------------------------------------------------
(▇▇▇)▇▇▇▇-▇▇-▇▇ 26 07/24/03
RP-98
--------------------------------------------------------------------------------------
Male Nonsmoker/Age Last Birthday
--------------------------------------------------------------------------------------
Policy Year
--------------------------------------------------------------------------------------
AGE 1 2 3 4 5 6 7 8 9 10 11 12
--------------------------------------------------------------------------------------
0 1.01 0.71 0.53 0.46 0.39 0.33 0.32 0.30 0.30 0.30 0.30 0.34
--------------------------------------------------------------------------------------
1 0.49 0.49 0.44 0.37 0.30 0.26 0.25 0.27 0.28 0.30 0.33 0.39
--------------------------------------------------------------------------------------
2 0.41 0.39 0.34 0.30 0.26 0.25 0.25 0.28 0.30 0.33 0.39 0.53
--------------------------------------------------------------------------------------
3 0.37 0.32 0.28 0.26 0.25 0.25 0.27 0.30 0.33 0.39 0.52 0.70
--------------------------------------------------------------------------------------
4 0.32 0.28 0.26 0.25 0.25 0.27 0.30 0.33 0.39 0.50 0.69 0.95
--------------------------------------------------------------------------------------
5 0.28 0.26 0.25 0.25 0.27 0.30 0.33 0.39 0.50 0.68 0.94 1.19
--------------------------------------------------------------------------------------
6 0.25 0.25 0.25 0.27 0.30 0.33 0.38 0.50 0.68 0.89 1.16 1.29
--------------------------------------------------------------------------------------
7 0.22 0.24 0.25 0.30 0.33 0.38 0.50 0.68 0.89 1.12 1.27 1.36
--------------------------------------------------------------------------------------
8 0.22 0.24 0.26 0.33 0.37 0.50 0.68 0.89 1.12 1.27 1.36 1.42
--------------------------------------------------------------------------------------
9 0.22 0.25 0.30 0.37 0.50 0.68 0.89 1.12 1.27 1.36 1.42 1.49
--------------------------------------------------------------------------------------
10 0.22 0.27 0.36 0.50 0.68 0.89 1.12 1.27 1.36 1.42 1.49 1.57
--------------------------------------------------------------------------------------
11 0.25 0.33 0.49 0.68 0.89 1.12 1.27 1.36 1.42 1.49 1.57 1.62
--------------------------------------------------------------------------------------
12 0.31 0.46 0.66 0.89 1.12 1.27 1.36 1.41 1.46 1.53 1.60 1.63
--------------------------------------------------------------------------------------
13 0.43 0.61 0.88 1.12 1.27 1.34 1.41 1.44 1.47 1.51 1.58 1.61
--------------------------------------------------------------------------------------
14 0.52 0.74 0.99 1.13 1.19 1.24 1.29 1.30 1.31 1.35 1.40 1.46
--------------------------------------------------------------------------------------
15 0.66 0.87 0.98 1.04 1.08 1.10 1.12 1.13 1.13 1.17 1.22 1.28
--------------------------------------------------------------------------------------
16 0.86 0.97 1.02 1.06 1.08 1.07 1.09 1.09 1.10 1.13 1.17 1.25
--------------------------------------------------------------------------------------
17 0.91 0.99 1.02 1.05 1.05 1.03 1.05 1.06 1.07 1.10 1.15 1.24
--------------------------------------------------------------------------------------
18 0.91 0.96 0.98 1.00 0.99 0.99 1.00 1.01 1.03 1.07 1.15 1.23
--------------------------------------------------------------------------------------
19 0.88 0.91 0.92 0.93 0.93 0.93 0.94 0.95 1.00 1.06 1.15 1.23
--------------------------------------------------------------------------------------
20 0.81 0.84 0.84 0.84 0.86 0.86 0.88 0.91 0.97 0.04 1.15 1.23
--------------------------------------------------------------------------------------
21 0.72 0.75 0.75 0.76 0.77 0.80 0.83 0.86 0.95 1.03 1.14 1.24
--------------------------------------------------------------------------------------
22 0.67 0.70 0.69 0.70 0.72 0.75 0.80 0.85 0.93 1.03 1.15 1.24
--------------------------------------------------------------------------------------
23 0.66 0.68 0.67 0.68 0.70 0.75 0.80 0.85 0.94 1.05 1.16 1.24
--------------------------------------------------------------------------------------
24 0.64 0.65 0.65 0.66 0.69 0.74 0.79 0.86 0.95 1.06 1.17 1.25
--------------------------------------------------------------------------------------
25 0.62 0.62 0.63 0.65 0.68 0.74 0.79 0.87 0.97 0.08 1.18 1.27
--------------------------------------------------------------------------------------
26 0.60 0.60 0.61 0.64 0.67 0.74 0.80 0.89 0.99 1.10 1.20 1.29
--------------------------------------------------------------------------------------
27 0.57 0.58 0.61 0.63 0.68 0.75 0.83 0.92 1.02 1.13 1.23 1.34
--------------------------------------------------------------------------------------
28 0.55 0.57 0.61 0.65 0.71 0.78 0.87 0.96 1.07 1.18 1.28 1.40
--------------------------------------------------------------------------------------
29 0.54 0.57 0.63 0.67 0.74 0.82 0.91 1.01 1.12 1.23 1.35 1.48
--------------------------------------------------------------------------------------
30 0.52 0.56 0.64 0.71 0.78 0.86 0.96 1.06 1.18 1.30 1.44 1.60
--------------------------------------------------------------------------------------
31 0.51 0.57 0.67 0.74 0.82 0.91 1.01 1.12 1.24 1.39 1.56 1.74
--------------------------------------------------------------------------------------
32 0.51 0.58 0.70 0.79 0.88 0.97 1.08 1.20 1.35 1.52 1.71 1.90
--------------------------------------------------------------------------------------
33 0.51 0.59 0.74 0.84 0.95 1.07 1.18 1.32 1.50 1.69 1.89 2.11
--------------------------------------------------------------------------------------
34 0.52 0.61 0.79 0.91 1.04 1.17 1.30 1.48 1.67 1.88 2.10 2.34
--------------------------------------------------------------------------------------
35 0.53 0.64 0.85 1.00 1.14 1.28 1.46 1.66 1.87 2.10 2.34 2.59
--------------------------------------------------------------------------------------
36 0.55 0.68 0.92 1.11 1.27 1.45 1.65 1.86 2.09 2.34 2.58 2.86
--------------------------------------------------------------------------------------
37 0.57 0.72 0.99 1.20 1.39 1.58 1.80 2.02 2.28 2.55 2.81 3.14
--------------------------------------------------------------------------------------
38 0.59 0.76 1.06 1.28 1.49 1.69 1.92 2.15 2.44 2.73 3.02 3.40
--------------------------------------------------------------------------------------
39 0.63 0.81 1.15 1.38 1.60 1.81 2.05 2.29 2.59 2.90 3.25 3.67
--------------------------------------------------------------------------------------
40 0.67 0.87 1.24 1.49 1.73 1.94 2.19 2.44 2.74 3.08 3.47 3.96
--------------------------------------------------------------------------------------
41 0.72 0.94 1.36 1.63 1.87 2.09 2.33 2.58 2.88 3.26 3.71 4.27
--------------------------------------------------------------------------------------
42 0.77 1.04 1.49 1.78 2.03 2.26 2.51 2.76 3.07 3.48 3.98 4.60
--------------------------------------------------------------------------------------
-------------------------------------------------------------------------
AGE 13 14 15 16 17 18 19 20 Attained Age
-------------------------------------------------------------------------
0 0.40 0.54 0.71 0.97 1.20 1.29 1.35 1.40 1.41 20
-------------------------------------------------------------------------
1 0.54 0.71 0.99 1.23 1.31 1.38 1.42 1.44 1.43 21
-------------------------------------------------------------------------
2 0.71 0.99 1.26 1.35 1.42 1.47 1.49 1.48 1.47 22
-------------------------------------------------------------------------
3 0.98 1.24 1.38 1.45 1.52 1.54 1.55 1.53 1.52 23
-------------------------------------------------------------------------
4 1.22 1.33 1.48 1.55 1.59 1.59 1.59 1.58 1.58 24
-------------------------------------------------------------------------
5 1.30 1.39 1.57 1.61 1.63 1.63 1.63 1.63 1.63 25
-------------------------------------------------------------------------
6 0.36 1.43 1.63 1.65 1.66 1.67 1.67 1.68 1.68 26
-------------------------------------------------------------------------
7 1.42 1.49 1.65 1.68 1.69 1.69 1.70 1.70 1.72 27
-------------------------------------------------------------------------
8 1.49 1.57 1.65 1.69 1.70 1.71 1.71 1.72 1.75 28
-------------------------------------------------------------------------
9 1.57 1.62 1.64 1.71 1.71 1.72 1.73 1.76 1.79 29
-------------------------------------------------------------------------
10 1.62 1.63 1.64 1.72 1.72 1.74 1.76 1.80 1.84 30
-------------------------------------------------------------------------
11 1.63 1.61 1.63 1.73 1.74 1.77 1.81 1.84 1.87 31
-------------------------------------------------------------------------
12 1.61 1.62 1.64 1.75 1.77 1.81 1.85 1.88 1.90 32
-------------------------------------------------------------------------
13 1.61 1.64 1.66 1.78 1.81 1.85 1.87 1.90 1.91 33
-------------------------------------------------------------------------
14 1.47 1.52 1.57 1.67 1.71 1.74 1.76 1.78 1.79 34
-------------------------------------------------------------------------
15 1.32 1.39 1.46 1.55 1.60 1.62 1.64 1.66 1.78 35
-------------------------------------------------------------------------
16 1.30 1.39 1.47 1.56 1.60 1.63 1.65 1.66 1.79 36
-------------------------------------------------------------------------
17 1.30 1.39 1.49 1.57 1.61 1.63 1.65 1.66 1.68 37
-------------------------------------------------------------------------
18 1.31 1.40 1.50 1.58 1.61 1.63 1.64 1.66 1.66 38
-------------------------------------------------------------------------
19 1.32 1.41 1.52 1.60 1.62 1.63 1.64 1.64 1.64 39
-------------------------------------------------------------------------
20 1.32 1.42 1.53 1.61 1.63 1.64 1.64 1.63 1.63 40
-------------------------------------------------------------------------
21 1.33 1.43 1.55 1.63 1.64 1.64 1.63 1.62 1.63 41
-------------------------------------------------------------------------
22 1.33 1.44 1.56 1.65 1.66 1.65 1.65 1.66 1.68 42
-------------------------------------------------------------------------
23 1.34 1.46 1.58 1.67 1.68 1.68 1.71 1.74 1.80 43
-------------------------------------------------------------------------
24 1.35 1.49 1.60 1.69 1.71 1.74 1.80 1.86 1.94 44
-------------------------------------------------------------------------
25 1.38 1.52 1.63 1.73 1.77 1.84 1.92 2.01 2.11 45
-------------------------------------------------------------------------
26 1.42 1.56 1.67 1.79 1.87 1.96 2.07 2.18 2.31 46
-------------------------------------------------------------------------
27 1.46 1.61 1.75 1.90 2.00 2.13 2.27 2.43 2.59 47
-------------------------------------------------------------------------
28 1.53 1.70 1.87 2.04 2.19 2.36 2.55 2.74 2.95 48
-------------------------------------------------------------------------
29 1.65 1.83 2.01 2.22 2.41 2.63 2.86 3.10 3.36 49
-------------------------------------------------------------------------
30 1.79 1.97 2.17 2.43 2.66 2.93 3.20 3.50 3.82 50
-------------------------------------------------------------------------
31 1.93 2.13 2.36 2.67 2.95 3.26 3.59 3.95 4.34 51
-------------------------------------------------------------------------
32 2.12 2.35 2.61 2.95 3.27 3.61 3.98 4.39 4.83 52
-------------------------------------------------------------------------
33 2.34 2.61 2.90 3.28 3.61 3.98 4.38 4.81 5.29 53
-------------------------------------------------------------------------
34 2.60 2.91 3.24 3.63 3.99 4.38 4.81 5.27 5.78 54
-------------------------------------------------------------------------
35 2.89 3.23 3.60 4.02 4.41 4.83 5.29 5.78 6.34 55
-------------------------------------------------------------------------
36 3.21 3.59 3.99 4.46 4.87 5.32 5.80 6.35 6.98 56
-------------------------------------------------------------------------
37 3.53 3.95 4.40 4.91 5.35 5.84 6.39 7.01 7.71 57
-------------------------------------------------------------------------
38 3.85 4.33 4.82 5.37 5.86 6.41 7.04 7.74 8.53 58
-------------------------------------------------------------------------
39 4.19 4.74 5.27 5.83 6.43 7.07 7.77 8.56 9.45 59
-------------------------------------------------------------------------
40 4.56 5.18 5.76 6.35 7.01 7.80 8.59 9.48 10.49 60
-------------------------------------------------------------------------
41 4.96 5.66 6.32 6.94 7.61 8.48 9.51 10.53 11.67 61
-------------------------------------------------------------------------
42 5.34 6.15 6.90 7.54 8.31 9.20 10.39 11.68 12.92 62
-------------------------------------------------------------------------
Rate Table S-5
RP-98
------------------------------------------------------------------------------------------------------
Male Nonsmoker/Age Last Birthday
------------------------------------------------------------------------------------------------------
Policy Year
------------------------------------------------------------------------------------------------------
AGE 1 2 3 4 5 6 7 8 9 10 11 12
------------------------------------------------------------------------------------------------------
43 0.83 1.16 1.62 1.94 2.22 2.47 2.73 2.99 3.31 3.74 4.28 4.93
------------------------------------------------------------------------------------------------------
44 0.89 1.29 1.76 2.11 2.41 2.69 2.95 3.24 3.58 4.02 4.60 5.30
------------------------------------------------------------------------------------------------------
45 0.96 1.44 1.91 2.29 2.61 2.91 3.20 3.53 3.85 4.31 4.95 5.72
------------------------------------------------------------------------------------------------------
46 1.04 1.61 2.06 2.47 2.82 3.16 3.49 3.80 4.13 4.63 5.35 6.17
------------------------------------------------------------------------------------------------------
47 1.13 1.75 2.20 2.63 3.02 3.40 3.78 4.10 4.51 5.08 5.90 6.81
------------------------------------------------------------------------------------------------------
48 1.22 1.83 2.31 2.77 3.21 3.63 4.07 4.48 4.99 5.64 6.64 7.67
------------------------------------------------------------------------------------------------------
49 1.32 1.91 2.41 2.91 3.40 3.86 4.38 4.90 5.53 6.29 7.48 8.66
------------------------------------------------------------------------------------------------------
50 1.41 1.98 2.50 3.03 3.58 4.12 4.73 5.37 6.15 7.01 8.45 9.79
------------------------------------------------------------------------------------------------------
51 1.51 2.04 2.58 3.14 3.78 4.39 5.11 5.90 6.83 7.83 9.55 11.05
------------------------------------------------------------------------------------------------------
52 1.62 2.16 2.73 3.35 4.07 4.77 5.57 6.48 7.56 8.71 10.65 12.33
------------------------------------------------------------------------------------------------------
53 1.76 2.35 2.99 3.69 4.48 5.25 6.15 7.15 8.31 9.62 11.75 13.57
------------------------------------------------------------------------------------------------------
54 1.90 2.57 3.28 4.08 4.93 5.79 6.79 7.89 9.13 10.61 12.95 14.76
------------------------------------------------------------------------------------------------------
55 2.06 2.82 3.60 4.51 5.44 6.40 7.51 8.68 10.00 11.69 14.27 16.38
------------------------------------------------------------------------------------------------------
56 2.24 3.10 3.96 4.98 6.01 7.08 8.29 9.54 10.95 12.87 15.74 18.49
------------------------------------------------------------------------------------------------------
57 2.42 3.39 4.42 5.55 6.72 7.80 9.09 10.44 11.96 14.11 17.21 20.32
------------------------------------------------------------------------------------------------------
58 2.60 3.68 5.00 6.22 7.57 8.56 9.91 11.40 13.04 15.36 18.64 21.88
------------------------------------------------------------------------------------------------------
59 2.79 4.00 5.67 6.94 8.51 9.37 10.79 12.43 14.18 16.69 20.13 23.45
------------------------------------------------------------------------------------------------------
60 2.99 4.35 6.40 7.73 9.48 10.47 11.73 13.53 15.39 18.08 21.65 25.00
------------------------------------------------------------------------------------------------------
61 3.19 4.70 7.21 8.60 10.64 11.41 12.73 14.70 16.66 19.51 23.17 26.51
------------------------------------------------------------------------------------------------------
62 3.45 5.14 7.95 9.53 11.37 12.31 14.10 16.10 18.71 21.42 25.06 28.40
------------------------------------------------------------------------------------------------------
63 3.78 5.68 8.59 10.52 12.02 13.76 15.72 18.26 21.08 24.09 27.43 31.33
------------------------------------------------------------------------------------------------------
64 4.13 6.28 9.28 11.60 13.43 15.34 17.82 20.57 23.50 26.77 30.49 33.87
------------------------------------------------------------------------------------------------------
65 4.52 6.94 10.02 12.78 14.96 17.38 20.06 22.92 26.10 29.73 32.83 36.03
------------------------------------------------------------------------------------------------------
66 4.93 7.66 10.81 14.06 16.94 19.56 22.34 25.44 28.98 31.89 34.74 38.93
------------------------------------------------------------------------------------------------------
67 5.45 8.49 11.86 15.55 19.18 21.54 24.96 27.99 31.55 33.99 38.04 42.53
------------------------------------------------------------------------------------------------------
68 6.09 9.47 13.20 17.26 21.25 23.84 27.64 30.96 34.11 37.58 42.03 46.93
------------------------------------------------------------------------------------------------------
69 6.78 10.54 14.65 19.12 23.52 26.40 30.58 34.23 37.72 41.53 46.38 51.65
------------------------------------------------------------------------------------------------------
70 7.55 11.70 16.23 21.17 26.04 29.20 33.81 37.85 41.67 45.82 51.03 56.65
------------------------------------------------------------------------------------------------------
71 8.38 12.96 17.97 23.44 28.80 32.28 37.38 41.82 45.98 50.43 55.98 61.99
------------------------------------------------------------------------------------------------------
72 9.27 14.32 19.86 25.88 31.79 35.63 41.22 46.06 50.51 55.21 61.14 67.66
------------------------------------------------------------------------------------------------------
73 10.22 15.80 21.89 28.51 35.02 39.22 45.32 50.50 55.21 60.19 66.62 73.78
------------------------------------------------------------------------------------------------------
74 11.28 17.41 24.12 31.41 38.55 43.13 49.70 55.20 60.19 65.59 72.64 80.45
------------------------------------------------------------------------------------------------------
75 12.43 19.19 26.57 34.58 42.39 47.29 54.32 60.19 65.59 71.52 79.21 87.67
------------------------------------------------------------------------------------------------------
76 13.70 21.14 29.25 38.03 46.49 51.69 59.23 65.59 71.52 77.99 86.32 95.45
------------------------------------------------------------------------------------------------------
77 15.09 23.27 32.16 41.70 50.81 56.36 64.54 71.51 77.99 84.99 93.99 103.74
------------------------------------------------------------------------------------------------------
78 16.61 25.59 35.27 45.58 55.40 61.42 70.38 77.98 84.99 92.54 102.14 112.39
------------------------------------------------------------------------------------------------------
79 18.27 28.06 38.55 49.69 60.37 66.97 76.74 84.98 92.53 100.57 110.66 121.33
------------------------------------------------------------------------------------------------------
80 19.89 30.50 41.85 53.89 65.50 72.67 83.25 92.16 100.30 108.87 119.59 130.92
------------------------------------------------------------------------------------------------------
AGE 13 14 15 16 17 18 19 20 Attained Age
-----------------------------------------------------------------------------------------
43 5.74 6.62 7.47 8.20 9.06 10.10 11.32 12.82 14.25 63
-----------------------------------------------------------------------------------------
44 6.19 7.13 8.09 8.93 9.92 11.08 12.44 14.05 15.86 64
-----------------------------------------------------------------------------------------
45 6.68 7.69 8.78 9.73 10.84 12.12 13.64 15.46 17.67 65
-----------------------------------------------------------------------------------------
46 7.20 8.30 9.56 10.60 11.80 13.23 14.94 17.02 19.50 66
-----------------------------------------------------------------------------------------
47 7.91 9.09 10.45 11.58 12.93 14.56 16.54 18.98 21.70 67
-----------------------------------------------------------------------------------------
48 8.85 10.09 11.43 12.72 14.28 16.18 18.60 21.39 24.37 68
-----------------------------------------------------------------------------------------
49 9.91 11.16 12.48 13.96 15.77 18.17 21.02 24.08 27.34 69
-----------------------------------------------------------------------------------------
50 11.06 12.33 13.61 15.32 17.70 20.61 23.75 17.09 30.61 70
-----------------------------------------------------------------------------------------
51 12.34 13.61 14.83 17.18 20.15 23.36 26.80 30.43 34.26 71
-----------------------------------------------------------------------------------------
52 13.62 14.85 16.53 19.54 22.82 26.34 30.09 33.91 38.27 72
-----------------------------------------------------------------------------------------
53 14.80 16.48 18.78 22.11 25.71 29.56 33.36 37.55 42.63 73
-----------------------------------------------------------------------------------------
54 16.43 18.73 21.32 24.98 28.92 32.68 36.68 41.54 47.49 74
-----------------------------------------------------------------------------------------
55 18.67 21.25 24.17 28.18 31.89 35.67 40.29 45.96 52.87 75
-----------------------------------------------------------------------------------------
56 21.19 23.95 27.34 30.98 34.53 38.89 44.25 50.82 58.71 76
-----------------------------------------------------------------------------------------
57 23.42 26.31 30.29 33.54 37.53 42.46 48.51 55.92 64.61 77
-----------------------------------------------------------------------------------------
58 25.22 28.35 32.94 36.51 40.94 46.99 53.22 67.21 70.59 78
-----------------------------------------------------------------------------------------
59 27.02 30.42 35.75 39.72 44.62 50.93 58.53 67.21 77.04 79
-----------------------------------------------------------------------------------------
60 28.81 32.53 38.73 43.13 48.98 56.18 64.35 73.60 83.89 80
-----------------------------------------------------------------------------------------
61 30.60 34.70 41.88 47.33 54.18 61.93 70.71 80.39 90.94 81
-----------------------------------------------------------------------------------------
62 32.82 37.43 44.95 51.62 59.19 67.81 77.31 87.74 99.09 82
-----------------------------------------------------------------------------------------
63 35.54 40.86 47.97 55.43 64.01 73.52 84.10 95.81 108.81 83
-----------------------------------------------------------------------------------------
64 38.44 44.56 51.12 59.54 68.92 79.47 91.35 104.63 119.61 84
-----------------------------------------------------------------------------------------
65 41.54 48.52 54.53 63.63 73.99 85.85 99.21 114.37 131.53 85
-----------------------------------------------------------------------------------------
66 44.84 52.73 57.80 67.82 79.50 92.73 107.85 125.07 144.49 86
-----------------------------------------------------------------------------------------
67 48.92 57.18 62.09 73.41 86.30 101.10 118.02 137.19 158.81 87
-----------------------------------------------------------------------------------------
68 53.84 62.32 67.94 80.37 94.69 111.09 129.75 150.84 174.60 88
-----------------------------------------------------------------------------------------
69 59.06 68.18 74.30 88.07 103.90 121.97 142.27 165.61 191.44 89
-----------------------------------------------------------------------------------------
70 64.62 74.56 81.31 96.51 113.93 133.76 156.20 181.33 209.25 90
-----------------------------------------------------------------------------------------
71 70.67 81.59 88.97 105.68 124.78 146.46 170.79 197.91 228.07 91
-----------------------------------------------------------------------------------------
72 77.19 89.11 97.13 115.30 135.98 159.24 185.23 214.20 246.37 92
-----------------------------------------------------------------------------------------
73 84.16 97.12 105.75 125.28 147.79 171.93 199.43 230.02 263.93 93
-----------------------------------------------------------------------------------------
74 91.72 105.74 114.92 135.71 159.03 185.09 214.13 246.38 282.08 94
-----------------------------------------------------------------------------------------
75 99.86 114.91 124.51 146.52 171.18 198.71 229.34 263.30 300.72 95
-----------------------------------------------------------------------------------------
76 108.53 124.49 134.42 157.70 183.75 212.79 245.04 280.66 319.85 96
-----------------------------------------------------------------------------------------
77 117.58 134.41 144.66 169.26 196.74 227.33 261.16 298.46 339.60 97
-----------------------------------------------------------------------------------------
78 126.94 144.65 155.23 181.19 210.14 242.23 277.67 316.82 359.97 98
-----------------------------------------------------------------------------------------
79 136.61 155.22 166.14 193.49 223.87 257.50 294.70 335.76 380.98 99
-----------------------------------------------------------------------------------------
80 147.18 167.01 178.54 207.73 240.03 275.85 315.47 359.19
-----------------------------------------------------------------------------------------
Female risk premiums are based on the above male rates with a 4 year age setback
for ages 21 and above. For ages 17 trough 20, the female rates are the same as
the male age 16 rate, and for ages 0 through 16, the female rates are the same
as the male rates above.
RP-98
--------------------------------------------------------------------------------------
Male Smoker/Age Last Birthday
--------------------------------------------------------------------------------------
Policy Year
--------------------------------------------------------------------------------------
AGE 1 2 3 4 5 6 7 8 9 10 11 12
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
0 1.01 0.71 0.53 0.46 0.39 0.33 0.32 0.30 0.30 0.30 0.30 0.34
--------------------------------------------------------------------------------------
1 0.49 0.49 0.44 0.37 0.30 0.26 0.25 0.27 0.28 0.30 0.33 0.39
--------------------------------------------------------------------------------------
2 0.41 0.39 0.34 0.30 0.26 0.25 0.25 0.28 0.30 0.33 0.39 0.53
--------------------------------------------------------------------------------------
3 0.37 0.32 0.28 0.26 0.25 0.25 0.27 0.30 0.33 0.39 0.52 0.70
--------------------------------------------------------------------------------------
4 0.32 0.28 0.26 0.25 0.25 0.27 0.30 0.33 0.39 0.50 0.69 0.95
--------------------------------------------------------------------------------------
5 0.28 0.26 0.25 0.25 0.27 0.30 0.33 0.39 0.50 0.68 0.94 1.19
--------------------------------------------------------------------------------------
6 0.25 0.25 0.25 0.27 0.30 0.33 0.38 0.50 0.68 0.89 1.16 1.29
--------------------------------------------------------------------------------------
7 0.22 0.24 0.25 0.30 0.33 0.38 0.50 0.68 0.89 1.12 1.27 1.36
--------------------------------------------------------------------------------------
8 0.22 0.24 0.26 0.33 0.37 0.50 0.68 0.89 1.12 1.27 1.36 1.42
--------------------------------------------------------------------------------------
9 0.22 0.25 0.30 0.37 0.50 0.68 0.89 1.12 1.27 1.36 1.42 1.49
--------------------------------------------------------------------------------------
10 0.22 0.27 0.36 0.50 0.68 0.89 1.12 1.27 1.36 1.42 1.49 1.57
--------------------------------------------------------------------------------------
11 0.25 0.33 0.49 0.68 0.89 1.12 1.27 1.36 1.42 1.49 1.57 1.62
--------------------------------------------------------------------------------------
12 0.31 0.46 0.66 0.89 1.12 1.27 1.36 1.41 1.46 1.53 1.60 1.63
--------------------------------------------------------------------------------------
13 0.43 0.61 0.88 1.12 1.27 1.34 1.41 1.44 1.47 1.51 1.58 1.61
--------------------------------------------------------------------------------------
14 0.85 1.24 1.59 1.76 1.86 1.93 1.99 1.99 1.99 2.03 2.08 2.13
--------------------------------------------------------------------------------------
15 1.48 1.96 2.21 2.33 2.43 2.47 2.51 2.49 2.47 2.50 2.53 2.58
--------------------------------------------------------------------------------------
16 1.93 2.18 2.30 2.39 2.43 2.40 2.43 2.40 2.37 2.36 2.39 2.47
--------------------------------------------------------------------------------------
17 2.05 2.22 2.30 2.36 2.35 2.31 2.33 2.29 2.26 2.25 2.29 2.39
--------------------------------------------------------------------------------------
18 2.05 2.17 2.21 2.24 2.22 2.19 2.20 2.15 2.15 2.17 2.25 2.35
--------------------------------------------------------------------------------------
19 1.99 2.05 2.06 2.08 2.07 2.05 2.04 2.01 2.05 2.11 2.22 2.31
--------------------------------------------------------------------------------------
20 1.81 1.88 1.88 1.89 1.90 1.89 1.90 1.89 1.96 2.05 2.19 2.29
--------------------------------------------------------------------------------------
21 1.62 1.68 1.68 1.69 1.71 1.73 1.76 1.78 1.89 2.00 2.16 2.28
--------------------------------------------------------------------------------------
22 1.50 1.56 1.56 1.56 1.59 1.63 1.68 1.73 1.85 1.99 2.17 2.30
--------------------------------------------------------------------------------------
23 1.48 1.52 1.50 1.51 1.54 1.60 1.66 1.72 1.85 2.01 2.19 2.32
--------------------------------------------------------------------------------------
24 1.45 1.46 1.45 1.46 1.51 1.59 1.65 1.73 1.88 2.04 2.22 2.36
--------------------------------------------------------------------------------------
25 1.40 1.40 1.41 1.44 1.49 1.57 1.64 1.75 1.91 2.09 2.26 2.42
--------------------------------------------------------------------------------------
26 1.34 1.34 1.38 1.41 1.46 1.56 1.66 1.80 1.96 2.16 2.32 2.50
--------------------------------------------------------------------------------------
27 1.28 1.30 1.36 1.40 1.47 1.59 1.72 1.87 2.04 2.23 2.42 2.63
--------------------------------------------------------------------------------------
28 1.24 1.29 1.37 1.43 1.53 1.66 1.80 1.97 2.15 2.35 2.56 2.81
--------------------------------------------------------------------------------------
29 1.21 1.27 1.40 1.49 1.61 1.74 1.90 2.08 2.28 2.49 2.74 3.03
--------------------------------------------------------------------------------------
30 1.17 1.27 1.44 1.57 1.69 1.84 2.01 2.21 2.42 2.67 2.96 3.32
--------------------------------------------------------------------------------------
31 1.15 1.28 1.50 1.65 1.79 1.96 2.14 2.35 2.59 2.90 3.26 3.67
--------------------------------------------------------------------------------------
32 1.15 1.30 1.58 1.75 1.92 2.10 2.31 2.55 2.84 3.20 3.63 4.05
--------------------------------------------------------------------------------------
33 1.16 1.33 1.66 1.87 2.09 2.31 2.53 2.83 3.20 3.60 4.03 4.52
--------------------------------------------------------------------------------------
34 1.17 1.38 1.77 2.03 2.29 2.53 2.82 3.19 3.60 4.04 4.53 5.06
--------------------------------------------------------------------------------------
35 1.19 1.44 1.90 2.23 2.52 2.82 3.19 3.61 4.05 4.55 5.08 5.63
--------------------------------------------------------------------------------------
36 1.23 1.52 2.07 2.46 2.82 3.19 3.61 4.06 4.56 5.10 5.64 6.27
--------------------------------------------------------------------------------------
37 1.28 1.62 2.23 2.67 3.09 3.50 3.96 4.43 5.01 5.59 6.16 6.89
--------------------------------------------------------------------------------------
38 1.34 1.71 2.38 2.86 3.31 3.74 4.23 4.74 5.36 6.00 6.65 7.48
--------------------------------------------------------------------------------------
39 1.41 1.82 2.57 3.08 3.56 4.01 4.53 5.06 5.71 6.40 7.17 8.11
--------------------------------------------------------------------------------------
40 1.50 1.95 2.79 3.34 3.85 4.31 4.85 5.39 6.05 6.81 7.69 8.77
--------------------------------------------------------------------------------------
41 1.61 2.12 3.06 3.65 4.17 4.65 5.17 5.72 6.38 7.22 8.23 9.48
--------------------------------------------------------------------------------------
42 1.73 2.34 3.34 3.99 4.54 5.04 5.58 6.14 6.80 7.71 8.85 10.21
--------------------------------------------------------------------------------------
AGE 13 14 15 16 17 18 19 20 Attained Age
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
0 0.40 0.54 0.71 0.97 1.20 1.29 1.35 1.40 1.41 20
--------------------------------------------------------------------------------------
1 0.54 0.71 0.99 1.23 1.31 1.38 1.42 1.44 1.43 21
--------------------------------------------------------------------------------------
2 0.71 0.99 1.26 1.35 1.42 1.47 1.49 1.48 1.47 22
--------------------------------------------------------------------------------------
3 0.98 1.24 1.38 1.45 1.52 1.54 1.55 1.53 1.52 23
--------------------------------------------------------------------------------------
4 1.22 1.33 1.48 1.55 1.59 1.59 1.59 1.58 1.58 24
--------------------------------------------------------------------------------------
5 1.30 1.39 1.57 1.61 1.63 1.63 1.63 1.63 1.63 25
--------------------------------------------------------------------------------------
6 1.36 1.43 1.63 1.65 1.66 1.67 1.67 1.68 1.68 26
--------------------------------------------------------------------------------------
7 1.42 1.49 1.65 1.68 1.69 1.69 1.70 1.70 1.72 27
--------------------------------------------------------------------------------------
8 1.49 1.57 1.65 1.69 1.70 1.71 1.71 1.72 1.75 28
--------------------------------------------------------------------------------------
9 1.57 1.62 1.64 1.71 1.71 1.72 1.73 1.76 1.79 29
--------------------------------------------------------------------------------------
10 1.62 1.63 1.64 1.72 1.72 1.74 1.76 1.80 1.84 30
--------------------------------------------------------------------------------------
11 1.63 1.61 1.63 1.73 1.74 1.77 1.81 1.84 1.87 31
--------------------------------------------------------------------------------------
12 1.61 1.62 1.64 1.75 1.77 1.81 1.85 1.88 1.90 32
--------------------------------------------------------------------------------------
13 1.61 1.64 1.66 1.78 1.81 1.85 1.87 1.90 1.91 33
--------------------------------------------------------------------------------------
14 2.11 2.15 2.20 2.32 2.34 2.36 2.39 2.41 2.44 34
--------------------------------------------------------------------------------------
15 2.57 2.64 2.70 2.83 2.85 2.87 2.90 2.94 3.09 35
--------------------------------------------------------------------------------------
16 2.50 2.59 2.68 2.80 2.84 2.88 2.92 2.97 3.15 36
--------------------------------------------------------------------------------------
17 2.45 2.55 2.68 2.80 2.85 2.89 2.94 2.99 3.08 37
--------------------------------------------------------------------------------------
18 2.42 2.55 2.70 2.83 2.87 2.90 2.95 3.02 3.09 38
--------------------------------------------------------------------------------------
19 2.41 2.55 2.73 2.87 2.90 2.93 2.99 3.04 3.10 39
--------------------------------------------------------------------------------------
20 2.42 2.58 2.78 2.92 2.95 2.99 3.03 3.07 3.14 40
--------------------------------------------------------------------------------------
21 2.43 2.61 2.84 2.99 3.03 3.06 3.08 3.13 3.20 41
--------------------------------------------------------------------------------------
22 2.45 2.66 2.90 3.08 3.12 3.15 3.20 3.28 3.38 42
--------------------------------------------------------------------------------------
23 2.49 2.73 2.97 3.17 3.23 3.29 3.39 3.52 3.68 43
--------------------------------------------------------------------------------------
24 2.55 2.82 3.07 3.28 3.37 3.49 3.64 3.83 4.04 44
--------------------------------------------------------------------------------------
25 2.64 2.93 3.18 3.43 3.57 3.75 3.96 4.20 4.45 45
--------------------------------------------------------------------------------------
26 2.75 3.06 3.34 3.64 3.83 4.07 4.33 4.62 4.94 46
--------------------------------------------------------------------------------------
27 2.90 3.23 3.56 3.91 4.18 4.49 4.83 5.20 5.58 47
--------------------------------------------------------------------------------------
28 3.09 3.48 3.87 4.27 4.62 5.02 5.47 5.93 6.42 48
--------------------------------------------------------------------------------------
29 3.39 3.81 4.22 4.70 5.14 5.65 6.19 6.76 7.36 49
--------------------------------------------------------------------------------------
30 3.74 4.15 4.61 5.19 5.74 6.34 6.99 7.68 8.41 50
--------------------------------------------------------------------------------------
31 4.09 4.54 5.06 5.75 6.40 7.11 7.88 8.70 9.60 51
--------------------------------------------------------------------------------------
32 4.52 5.04 5.62 6.41 7.13 7.92 8.77 9.70 10.73 52
--------------------------------------------------------------------------------------
33 5.05 5.65 6.31 7.16 7.93 8.76 9.67 10.67 11.76 53
--------------------------------------------------------------------------------------
34 5.64 6.33 7.08 7.98 8.79 9.69 10.67 11.72 12.87 54
--------------------------------------------------------------------------------------
35 6.30 7.08 7.90 8.87 9.75 10.71 11.74 12.86 14.01 55
--------------------------------------------------------------------------------------
36 7.04 7.89 8.80 9.85 10.80 11.82 12.92 14.04 15.18 56
--------------------------------------------------------------------------------------
37 7.77 8.72 9.73 10.88 11.89 12.99 14.10 15.23 16.46 57
--------------------------------------------------------------------------------------
38 8.49 9.58 10.68 11.93 13.03 14.16 15.30 16.53 17.89 58
--------------------------------------------------------------------------------------
39 9.28 10.51 11.71 12.96 14.20 15.35 16.60 17.97 19.47 59
--------------------------------------------------------------------------------------
40 10.12 11.52 12.82 14.01 15.22 16.64 18.03 19.54 21.22 60
--------------------------------------------------------------------------------------
41 11.02 12.61 13.95 15.08 16.25 17.80 19.60 21.30 23.15 61
--------------------------------------------------------------------------------------
42 11.89 13.57 14.98 16.10 17.42 18.96 21.01 23.18 25.13 62
--------------------------------------------------------------------------------------
Rate Table S-5
RP-98
--------------------------------------------------------------------------------------------------------
Male Smoker/Age Last Birthday
--------------------------------------------------------------------------------------------------------
Policy Year
--------------------------------------------------------------------------------------------------------
AGE 1 2 3 4 5 6 7 8 9 10 11 12
--------------------------------------------------------------------------------------------------------
43 1.86 2.61 3.63 4.35 4.96 5.51 6.08 6.65 7.35 8.31 9.53 10.96
--------------------------------------------------------------------------------------------------------
44 2.01 2.90 3.96 4.73 5.40 6.01 6.59 7.22 7.97 8.95 10.23 11.69
--------------------------------------------------------------------------------------------------------
45 2.17 3.25 4.29 5.13 5.85 6.52 7.15 7.87 8.59 9.60 10.93 12.40
--------------------------------------------------------------------------------------------------------
46 2.35 3.63 4.64 5.55 6.31 7.06 7.79 8.49 9.21 10.24 11.61 13.16
--------------------------------------------------------------------------------------------------------
47 2.54 3.93 4.94 5.91 6.77 7.61 8.46 9.15 9.96 11.03 12.59 14.27
--------------------------------------------------------------------------------------------------------
48 2.75 4.13 5.18 6.23 7.20 8.13 9.10 9.91 10.85 12.05 13.92 15.79
--------------------------------------------------------------------------------------------------------
49 2.97 4.30 5.42 6.53 7.62 8.65 9.72 10.67 11.83 13.19 15.40 17.50
--------------------------------------------------------------------------------------------------------
50 3.18 4.46 5.62 6.80 8.04 9.14 10.31 11.50 12.90 14.45 17.08 19.42
--------------------------------------------------------------------------------------------------------
51 3.40 4.60 5.80 7.04 8.40 9.59 10.93 12.40 14.08 15.84 18.94 21.48
--------------------------------------------------------------------------------------------------------
52 3.65 4.87 6.14 7.46 8.90 10.21 11.72 13.38 15.29 17.28 20.72 23.50
--------------------------------------------------------------------------------------------------------
53 3.95 5.30 6.66 8.08 9.61 11.05 12.69 14.47 16.50 18.72 22.40 25.34
--------------------------------------------------------------------------------------------------------
54 4.27 5.74 7.17 8.76 10.39 11.95 13.76 15.66 17.76 20.22 24.17 26.96
--------------------------------------------------------------------------------------------------------
55 4.59 6.18 7.73 9.50 11.25 12.97 14.92 16.90 19.07 21.82 26.08 29.27
--------------------------------------------------------------------------------------------------------
56 4.90 6.65 8.35 10.31 12.19 14.07 16.14 18.19 20.45 23.52 28.14 32.32
--------------------------------------------------------------------------------------------------------
57 5.20 7.14 9.14 11.26 13.36 15.20 17.35 19.50 21.87 25.22 30.09 34.72
--------------------------------------------------------------------------------------------------------
58 5.49 7.62 10.15 12.36 14.74 16.34 18.52 20.83 23.31 26.85 31.85 36.51
--------------------------------------------------------------------------------------------------------
59 5.77 8.12 11.27 13.53 16.24 17.51 19.73 22.22 24.79 28.51 33.59 38.20
--------------------------------------------------------------------------------------------------------
60 6.60 8.65 12.47 14.76 17.71 19.13 20.98 23.66 26.30 30.17 35.27 39.73
--------------------------------------------------------------------------------------------------------
61 6.35 9.17 13.76 16.07 19.45 20.42 22.27 25.12 27.80 31.79 36.81 41.08
--------------------------------------------------------------------------------------------------------
62 6.73 9.81 14.86 17.43 20.34 21.52 24.08 26.87 30.46 34.03 38.81 42.86
--------------------------------------------------------------------------------------------------------
63 7.21 10.62 15.71 18.82 21.01 23.51 26.24 29.74 33.50 37.30 41.39 46.02
--------------------------------------------------------------------------------------------------------
64 7.73 11.49 16.60 20.30 22.95 25.60 29.02 32.69 36.40 40.39 44.78 48.78
--------------------------------------------------------------------------------------------------------
65 8.26 12.42 17.53 21.85 24.97 28.30 31.88 35.50 39.39 43.67 47.27 51.14
--------------------------------------------------------------------------------------------------------
66 8.83 13.39 18.47 23.47 27.59 31.07 34.60 38.39 42.56 45.92 49.31 54.48
--------------------------------------------------------------------------------------------------------
67 9.54 14.51 19.79 25.33 30.47 33.36 37.67 41.11 45.42 48.25 53.24 58.67
--------------------------------------------------------------------------------------------------------
68 10.40 15.80 21.49 27.42 32.91 35.98 40.60 44.57 48.42 52.60 57.98 63.80
--------------------------------------------------------------------------------------------------------
69 11.32 17.17 23.28 29.62 35.48 38.77 44.02 48.59 52.78 57.28 63.05 69.18
--------------------------------------------------------------------------------------------------------
70 12.30 18.59 25.15 31.95 38.25 42.03 47.99 52.97 57.49 62.30 68.36 74.75
--------------------------------------------------------------------------------------------------------
71 13.32 20.08 27.12 34.43 41.46 45.82 52.31 57.68 62.51 67.55 73.87 80.55
--------------------------------------------------------------------------------------------------------
72 14.36 21.61 29.17 37.25 45.12 49.86 56.86 62.61 67.66 72.85 79.45 86.58
--------------------------------------------------------------------------------------------------------
73 15.43 23.21 31.51 40.47 49.01 54.11 61.62 67.65 72.85 78.23 85.23 92.93
--------------------------------------------------------------------------------------------------------
74 16.57 25.07 34.23 43.96 53.19 58.63 66.58 72.84 78.22 83.93 91.50 99.72
--------------------------------------------------------------------------------------------------------
75 17.90 27.23 37.18 47.71 57.64 63.35 71.68 78.22 83.93 90.09 98.19 106.92
--------------------------------------------------------------------------------------------------------
76 19.44 29.58 40.35 51.70 62.27 68.21 76.97 83.92 90.08 96.67 105.28 114.50
--------------------------------------------------------------------------------------------------------
77 21.12 32.10 43.73 55.86 67.05 73.25 82.59 90.08 96.68 103.65 112.74 122.37
--------------------------------------------------------------------------------------------------------
78 22.92 34.79 47.25 60.14 72.00 78.59 88.64 96.66 103.65 111.00 120.49 130.32
--------------------------------------------------------------------------------------------------------
79 24.84 37.59 50.87 64.58 77.25 84.35 95.12 103.64 111.00 118.63 128.32 138.27
--------------------------------------------------------------------------------------------------------
80 26.86 40.57 54.82 69.51 83.18 90.83 102.40 111.52 119.36 127.38 137.53 147.93
--------------------------------------------------------------------------------------------------------
AGE 13 14 15 16 17 18 19 20 Attained Age
--------------------------------------------------------------------------------------------------------
43 12.67 14.37 15.93 17.20 18.67 20.42 22.46 24.95 27.17 63
--------------------------------------------------------------------------------------------------------
44 13.44 15.22 16.97 18.38 20.05 21.98 24.19 26.77 29.61 64
--------------------------------------------------------------------------------------------------------
45 14.24 16.12 18.09 19.67 21.49 23.56 25.99 28.86 32.28 65
--------------------------------------------------------------------------------------------------------
46 15.10 17.09 19.31 21.01 22.94 25.21 27.89 31.10 34.86 66
--------------------------------------------------------------------------------------------------------
47 16.29 18.38 20.71 22.51 24.64 27.18 30.22 33.93 37.92 67
--------------------------------------------------------------------------------------------------------
48 17.89 20.00 22.22 24.24 26.65 29.55 33.24 37.38 41.62 68
--------------------------------------------------------------------------------------------------------
49 19.64 21.70 23.78 26.06 28.80 32.48 36.74 41.13 45.60 69
--------------------------------------------------------------------------------------------------------
50 21.51 23.50 25.40 27.98 31.63 36.01 40.56 45.20 49.85 70
--------------------------------------------------------------------------------------------------------
51 23.51 25.39 27.10 30.70 35.21 39.89 44.70 49.55 54.43 71
--------------------------------------------------------------------------------------------------------
52 25.41 27.13 29.54 34.15 38.97 43.94 48.99 53.87 59.27 72
--------------------------------------------------------------------------------------------------------
53 27.05 29.45 32.82 37.75 42.89 48.13 53.00 58.15 64.32 73
--------------------------------------------------------------------------------------------------------
54 29.36 32.72 36.41 41.67 47.09 51.93 56.81 62.68 69.76 74
--------------------------------------------------------------------------------------------------------
55 32.62 36.30 40.31 45.88 50.66 55.25 60.79 67.51 76.11 75
--------------------------------------------------------------------------------------------------------
56 36.19 39.95 44.51 49.22 53.49 58.68 65.00 73.15 83.34 76
--------------------------------------------------------------------------------------------------------
57 39.08 42.86 48.13 51.95 56.63 62.37 69.83 79.38 90.42 77
--------------------------------------------------------------------------------------------------------
58 41.08 45.05 51.03 55.10 60.14 66.78 75.54 85.82 97.38 78
--------------------------------------------------------------------------------------------------------
59 42.94 47.12 53.94 58.34 64.23 72.28 81.91 92.71 104.74 79
--------------------------------------------------------------------------------------------------------
60 44.63 49.09 56.90 62.09 69.53 78.61 88.76 100.07 112.37 80
--------------------------------------------------------------------------------------------------------
61 46.18 50.98 60.28 67.18 75.82 85.43 96.13 107.69 120.01 81
--------------------------------------------------------------------------------------------------------
62 48.21 53.88 63.81 72.25 81.66 92.20 103.57 115.78 128.76 82
--------------------------------------------------------------------------------------------------------
63 51.16 58.00 67.14 76.47 87.03 98.50 110.98 124.52 139.22 83
--------------------------------------------------------------------------------------------------------
64 54.56 62.36 70.53 80.95 92.32 104.86 118.71 133.88 150.65 84
--------------------------------------------------------------------------------------------------------
65 58.14 66.94 74.14 85.24 97.64 111.57 126.94 144.06 163.03 85
--------------------------------------------------------------------------------------------------------
66 61.86 71.69 77.43 89.50 103.32 118.66 135.85 155.04 176.21 86
--------------------------------------------------------------------------------------------------------
67 66.51 76.60 81.93 95.40 110.42 127.33 146.28 167.31 190.49 87
--------------------------------------------------------------------------------------------------------
68 72.12 82.23 88.29 102.84 119.26 137.70 158.23 180.94 205.95 88
--------------------------------------------------------------------------------------------------------
69 77.93 88.61 95.07 110.93 128.79 148.74 170.90 195.34 221.98 89
--------------------------------------------------------------------------------------------------------
70 83.98 95.40 102.41 119.63 138.94 160.45 184.25 210.26 238.45 90
--------------------------------------------------------------------------------------------------------
71 90.42 102.76 110.28 128.88 149.68 172.76 198.04 225.53 255.34 91
--------------------------------------------------------------------------------------------------------
72 97.22 110.46 118.45 138.32 160.40 184.66 211.09 239.82 270.92 92
--------------------------------------------------------------------------------------------------------
73 104.33 118.44 126.85 147.78 170.80 195.93 223.29 252.94 284.95 93
--------------------------------------------------------------------------------------------------------
74 111.86 126.84 135.56 157.38 181.23 207.23 235.47 266.01 298.91 94
--------------------------------------------------------------------------------------------------------
75 119.79 135.55 144.38 166.98 191.66 218.51 247.61 279.01 314.21 95
--------------------------------------------------------------------------------------------------------
76 128.02 144.37 153.18 176.57 202.07 229.74 259.67 293.24 331.00 96
--------------------------------------------------------------------------------------------------------
77 136.35 153.17 161.96 186.13 212.41 240.89 272.87 308.86 348.04 97
--------------------------------------------------------------------------------------------------------
78 144.66 131.95 170.70 195.62 222.68 253.09 287.35 324.70 365.31 98
--------------------------------------------------------------------------------------------------------
79 152.95 170.68 179.37 205.04 233.91 266.47 302.02 340.75 382.83 99
--------------------------------------------------------------------------------------------------------
80 163.37 182.04 191.04 218.11 249.63 284.13 321.78 362.78
--------------------------------------------------------------------------------------------------------
Female risk premiums are based on the above male rates with a 4 year age setback
for ages 21 and above. For ages 17 trough 20, the female rates are the same as
the male age 16 rate, and for ages 0 through 16, the female rates are the same
as the male rates above.
SCHEDULE IV - REINSURANCE PREMIUMS (CONTINUED)
--------------------------------------------------------------------------------
RATE SCHEDULE S-5
--------------------------------------------------------------------------------
26
SCHEDULE V - LIMITS
--------------------------------------------------------------------------------
REINSURER'S SHARE;
--------------------------------------------------------------------------------
First Dollar Quota Share 40%
--------------------------------------------------------------------------------
AGE LIMITS:
--------------------------------------------------------------------------------
10-Year Level Term Portfolio 16 - 70
15-Year Level Term Portfolio 16 - 65
20-Year Level Term Portfolio 16 - 60
30-Year Level Term Portfolio 16 - 45 (Non-Tobacco)
30-Year Level Term Portfolio 16 - 40 (Tobacco)
Age limits for the Other Insured Rider shall be the same as the base plan to
which it is attached.
--------------------------------------------------------------------------------
MINIMUM CESSION AMOUNT:
--------------------------------------------------------------------------------
$40,000
--------------------------------------------------------------------------------
POOL BINDING LIMITS:
--------------------------------------------------------------------------------
Four (4) times the Ceding Company's Retention
--------------------------------------------------------------------------------
JUMBO LIMIT:
--------------------------------------------------------------------------------
$10,000,000
27
SCHEDULE VI - SAMPLE STATEMENT SPECIFIATIONS
The following information should appear on each statement and inforce listing:
o Name of the insured(s)
o Date of birth of the insured(s)
o The issue age of each insured(s)
o The sex of the insured(s)
o The insured(s) country of residence
o Underwriting classification (i.e. preferred, standard, etc.)
o Smoking class (i.e. smoker, nonsmoker, etc.)
o Indication if business is Facultative or Automatic
o Indication if business is Risk Premium or Coinsurance
o Policy number(s)
o Plan code(s) / kind code(s): cession series
o Original face amount of the policy(s)
o Amount(s) ceded to the Reinsurer
o Amount of premium being paid; separated for supplementary benefits .
o The amount of any reinsurance premium allowances
o Any extra premiums concerned. Example: $5 / 1000 / 5 YRS
o Effective date and duration of any policy(s) change, reissue or termination
28
SCHEDULE VII - SAMPLE POLICY EXHIBIT
POLICY SUMMARY NUMBER OF REINSURANCE
CLASSIFICATION POLICIES AMOUNT
-------------- --------- ------------
Inforce as of last report 878 $410,220,973
New issues 2 $516,666
Reinstatements 3 $483,334
Increases $500,000
Decreases - still inforce $133,332
Rollover - in 0 $0
Deduct By:
----------
Death 0 $0
Surrender 1 $250,000
Lapse 4 $1,000,001
Conversion - out 0 $0
Decreases - termination 3 $299,999
Inactive - pending 0 $0
Not taken 0 $0
Inforce as of current report 875 $410,037,641
29
SCHEDULE VIII - DEFINITIONS
ASSUME - To accept or take over a risk, the converse of cede.
AUTOMATIC REINSURANCE - A reinsurance agreement under which the Reinsurer is
obligated to accept or assume risks that meet certain specific criteria based on
the Ceding Company's underwriting.
BINDING LIMIT - The face amount reinsured over the Ceding Company's retention,
which can be ceded automatically if all automatic conditions are met.
CASH VALUE - The amount of money that the policy owner will receive as a refund
if the policy owner cancels the coverage and returns the policy to the company.
CEDE - To transfer an insurance risk from the company originally issuing the
policy to another insurance company known as the Reinsurer.
CEDING COMPANY - A ceding insurer is an insurer that underwrites and issues an
original, principal policy to an insured and contractually transfers (cedes) a
portion of the risk to the Reinsurer. A ceding Reinsurer is a Reinsurer which
transfers (cedes) a portion of the underlying reinsurance to a retrocessionaire.
COINSURANCE - Indemnity life reinsurance under which the reserves as well as the
risk are transferred to the Reinsurer; the Ceding Company retains its liability
to the contractual relationship with the insured. Under the Coinsurance method,
the Ceding Company will pay the Reinsurer a proportionate part of the premiums
it receives. In return, the Reinsurer agrees to pay the Ceding Company a
proportionate part of the claim and participate in all other policy benefits
explicitly stated in this Agreement.
CONDITIONAL RECEIPT - A provision included in some life insurance policies
providing coverage from the date of the application to the date at which the
policy is either issued or declined.
EXPERIENCE REFUND OR PROFIT COMMISSION - A provision found in some reinsurance
agreements which provides for profit sharing. Parties agree to a formula for
calculating profit,.an allowance for the Reinsurer's expenses, and the Ceding
Company's share of such profit after expenses.
EXTRA CONTRACTUAL OBLIGATIONS (ECO) - A generic term that, when used in a
reinsurance agreement, refers to damages awarded by a court against an insurer
which are outside the provisions of the insurance policy, due to the insurer's
bad faith, fraud or gross negligence in the handling of a claim.
FACULTATIVE - Reinsurance under which the Ceding Company has the option
(faculty) of submitting and the Reinsurer has the option of accepting or
declining individual risks. This Agreement merely reflects how individual
facultative reinsurance will be handled.
FLAT EXTRA PREMIUM - A method for rating substandard risks used when the extra
risk is considered to be constant. The underwriter assesses a specific extra
premium for each one thousand dollars ($1,000) of insurance. Flat extra ratings
usually apply to applicants in hazardous occupations or avocations, aviation, or
with certain physical impairments of a temporary nature.
INDEXING - The adjustment of the Ceding Company's retention and the reinsurance
limit by a measure of inflation such as the consumer price index.
JUMBO LIMIT - The limit placed on an amount of coverage that may be inforce, or
applied for in all companies, on an individual life for automatic reinsurance
purposes. If such insurance exceeds the limit, the Ceding Company must submit
the risk to the Reinsurer for facultative review.
MINIMUM REINSURANCE AMOUNT - The smallest cession that the Reinsurer will accept
automatically. The minimum size is set to avoid the expenses associated with
small cessions.
30