USAA CCN: 115008
AUTOMATIC REINSURANCE AGREEMENT NO. 2673
EFFECTIVE JUNE 1, 1998
between
USAA LIFE INSURANCE COMPANY
of
San Antonio, Texas
as Ceding Company: referred to as You and Your
and
AMERICAN PHOENIX LIFE AND REASSURANCE COMPANY
of
Hartford, Connecticut
as Reinsurer: referred to as We, Us and Our
[LOGO OF PHOENIX] PHOENIX
TABLE OF CONTENTS
ARTICLES
--------
Article I Scope of the Agreement Page 1
Parties to the Agreement
Effective Date of the Agreement
Scope of the Agreement
Duration of the Agreement
Article II Reinsurance Coverage Page 2
Automatic Reinsurance
Facultative Reinsurance
Basis of Reinsurance
Article III Procedures Page 3
Article IV Liability Page 4
Article V Reinsurance Rates and Payments Page 4
Tax Reimbursement
Experience Refund
Article VI Changes to the Reinsurance Page 7
Errors and Oversights
Misstatement of Age or Sex
Changes to the Underlying Policy
Reductions, Terminations and Reinstatements
Article VII Recapture Page 9
Article VIII Claims Page 10
Article IX Arbitration Page 13
Article X Insolvency Page 15
Article XI Inspection of Records Page 15
Article XII Letter of Credit Page 15
Article XIII Execution of the Agreement Page 17
Continued...
TABLE OF CONTENTS
EXHIBITS
--------
Exhibit A Reinsurance Coverage
Retention Limits
Automatic Acceptance Limits
Exclusions to Automatic Reinsurance Coverage,
including Jumbo Limits
Exhibit B Reinsurance Reporting Forms and Reinsurance Administration
Exhibit C Reinsurance Rates and Allowances
Net Amount at Risk Calculation
Exhibit D Reinsurance Claim Form
Exhibit E Conditional Receipt Liability
ARTICLE I - SCOPE OF THE AGREEMENT
----------------------------------
1. PARTIES TO THE AGREEMENT
------------------------
We mutually agree to transact reinsurance according to the terms of this
Agreement. This Agreement is for indemnity reinsurance and we are the
only two parties to the Agreement. There will be no right or legal
relationship whatsoever between us as reinsurer and any other person
having an interest of any kind in policies reinsured under this
Agreement.
2. EFFECTIVE DATE OF THE AGREEMENT
-------------------------------
This Agreement will go into effect at 12:01 A.M., June 1, 1998, and will
cover policies effective on and after that date.
3. SCOPE OF THE AGREEMENT
----------------------
The text of this Agreement and all Exhibits, Schedules and Amendments
are considered to be the entire agreement between us. There are no other
understandings or agreements between us regarding the policies reinsured
other than as expressed in this Agreement. We may make changes or
additions to this Agreement, but they will not be considered to be in
effect unless they are made by means of a written amendment which has
been signed by both of us.
4. DURATION OF THE AGREEMENT
-------------------------
The duration of this Agreement will be unlimited. However, either one of
us may terminate the Agreement at any time by giving the other ninety
days prior written notice. We will continue to accept new reinsurance
during the ninety-day period.
Existing reinsurance will not be affected by the termination of this
Agreement for new reinsurance. Existing reinsurance will remain in force
until the termination or expiry of the underlying policy on which
reinsurance is based, as long as you continue to pay reinsurance
premiums as shown in Article V (Reinsurance Rates and Payment). However,
we will not be liable for any claims or premium refunds which are not
reported to us within one hundred eighty days following the termination
or expiry of the last cession reinsured under this Agreement.
-1-
ARTICLE II - REINSURANCE COVERAGE
---------------------------------
1. AUTOMATIC REINSURANCE
---------------------
We will accept automatically reinsurance of life benefits for your
individually underwritten ordinary life policies on any permanent
resident of the United States or Canada, in agreement with the
provisions and limitations shown in Exhibit A (Reinsurance Coverage).
We will also accept automatically reinsurance of riders and
supplementary benefits written with the covered life benefits, but only
to the extent that the riders and supplementary benefits are
specifically shown in Exhibit A (Reinsurance Coverage), Part I.
You have the right to modify your retention limits shown in Exhibit A
(Reinsurance Coverage), Part II at any time. If your retention limits
are reduced as a result of the modification, you will need to notify us
in writing before you can cede reinsurance on the basis of the reduced
retention limits. We will prepare a treaty amendment which will serve as
our written approval of the reduction.
We reserve the right to amend the Automatic Acceptance Limits shown in
Exhibit A (Reinsurance Coverage), Part III if you modify your retention
limits. We also reserve the right to modify the Automatic Acceptance
Limits if you elect to participate in another arrangement or
arrangements to secure additional automatic binding capacity.
Changes in your issue limits or underwriting guidelines will be subject
to our review. Significant changes to your underwriting guidelines which
will affect future reinsurance will be subject to our written approval.
2. FACULTATIVE REINSURANCE
-----------------------
If you wish to submit a risk not covered automatically under this
Agreement, or if you wish our advice on any application, you may submit
and we will consider the risk on a facultative basis.
3. BASIS OF REINSURANCE
--------------------
Life reinsurance under this Agreement will be on the Yearly Renewable
Term plan for the net amount at risk on the portion of the original
policy that is reinsured with us. The net amount at risk for any policy
period will be calculated according to Exhibit C (Reinsurance Rates and
Allowances), Part I.
Riders or supplementary benefits ceded with life benefits will be
reinsured as shown in Exhibit C. Any differences in the net amount at
risk calculation for these benefits will be shown in Exhibit C.
-2-
ARTICLE III - PROCEDURES
------------------------
1. AUTOMATIC REINSURANCE
---------------------
No individual notification will be necessary for placing automatic
reinsurance. Subject to Article V (Reinsurance Rates and Payment) and
Exhibit B (Reinsurance Reporting Forms and Reinsurance Administration),
new business or changes to existing reinsurance will be shown on your
periodic billing report.
2. FACULTATIVE REINSURANCE
-----------------------
When you wish to submit a risk for facultative consideration, you will
send us a reinsurance application form together with copies of all the
information you have regarding the insurability of the risk. You may use
either the Application for Reinsurance shown in Exhibit B-1 (Reinsurance
Reporting Forms and Reinsurance Administration) or you may use your own
form, as long as it is in general compliance with the Application for
Reinsurance. We will review the information and promptly notify you of
our decision.
After we have made an unconditional offer to reinsure a risk, no
individual notification of your acceptance will be necessary. You will
confirm your acceptance of our offer and the placement of the
reinsurance on your periodic billing report. Your confirmation must be
made no later than the termination date we specify in our acceptance of
the risk.
Our offer may remain open beyond the termination date shown in our
acceptance if you give us a written request for an extension and we give
you our written approval of the request. If an extension is granted, the
offer will terminate automatically on the expiry date shown in our
written approval of the extension.
3. POLICY EXPENSES
---------------
You will bear the expenses of all medical examinations, inspection fees
and other charges incurred in connection with policy issues,
reinstatements or reentries.
4. REFERENCE MATERIALS
-------------------
Upon request you will provide us with any reference materials which we
may require for proper administration of reinsurance ceded under this
Agreement.
-3-
ARTICLE IV - LIABILITY
----------------------
1. AUTOMATIC REINSURANCE
---------------------
Our liability for reinsurance placed automatically under this Agreement
will begin and end simultaneously with your liability for the underlying
policy on which reinsurance is based.
2. FACULTATIVE REINSURANCE
-----------------------
Our liability for facultative reinsurance will begin and end
simultaneously with your liability for the underlying policy on which
reinsurance is based when we have given you an unconditional offer to
reinsure the risk and you have indicated your acceptance of our offer on
the periodic billing report, provided that the acceptance date is before
the expiry date shown on our offer.
If our offer depends on your approval of further information about the
insurability of the risk, we will have no liability unless you have
requested and approved the information and documented your policy file
accordingly.
3. CONDITIONAL RECEIPT LIABILITY
-----------------------------
Our liability for losses under the terms of a Conditional Receipt or
Temporary Insurance Receipt is shown in Exhibit E (Conditional Receipt
Liability).
4. CONTINUATION OF LIABILITY
-------------------------
Continuation of our liability is conditioned on your payment of
reinsurance premiums as shown in Article V (Reinsurance Rates and
Payment) and is subject to Article VI (Changes to the Reinsurance) and
Article VII (Recapture).
ARTICLE V - REINSURANCE RATES AND PAYMENTS
------------------------------------------
1. REINSURANCE RATES
-----------------
Reinsurance rates that you will pay us for business covered under this
Agreement are shown in Exhibit C. The reinsurance rate payable for any
cession for any accounting period will be calculated on the basis of the
net amount risk reinsured as of that period.
For reasons relating to deficiency reserve requirements by the various
state insurance departments, the rates shown in Exhibit C cannot be
guaranteed for more than one year. While we anticipate that reinsurance
rates shown in Exhibit C will continue to be charged, it may become
necessary for us to charge a guaranteed
-4-
ARTICLE V - REINSURANCE RATES AND PAYMENTS
------------------------------------------
1. REINSURANCE RATES
-----------------
(CONTINUED) rate that is the greater of the rate from Exhibit C or the
corresponding statutory net premium rate based on the 1980 CSO Table at
4.5% interest for the applicable mortality rating.
If the original policy is issued with interim insurance, you will pay us
a reinsurance rate for the interim period that is the same percentage of
the first year premium that the interim period bears to twelve months.
The rate that you pay us for the first policy year after the interim
period will be calculated on the basis of the full annual reinsurance
rate.
Procedures and details of reinsurance rate calculation for any benefits
or riders ceded under this Agreement are shown in Exhibit C.
All financial transactions under this Agreement will be in United States
dollars, unless we mutually agree to use other currencies.
Specifications of the currencies and details of currency conversion
procedures will be shown in Exhibit C if necessary.
2. PAYMENTS
--------
You will self-administer the periodic reporting of your statements of
account and payment of balances due to us as shown in Exhibit B.
Within thirty days after the close of each reporting period, you will
send us a statement of account for that period along with payment of the
full balance due. If the statement of account shows a balance due you,
we will remit that amount to you within thirty days of our receipt of
the statement of account.
Your timely payment of reinsurance premiums is a condition precedent to
our continued liability. If you have not paid the balance due us by the
thirty-first day following the close of the reporting period, we have
the right to give you thirty days' written notice of our intention to
terminate the reinsurance on which the balance is due and unpaid. At the
end of this thirty-day period, our liability will automatically
terminate for all reinsurance on which balances remain due and unpaid,
including reinsurance on which balances became due and unpaid during and
after the thirty-day notice period. Even though we have terminated the
reinsurance, you will continue to be liable for the payment of unpaid
balances along with interest charges calculated from the due date shown
above to the date of payment. The interest rate payable will be the same
that we charge for delinquent premiums on our individual life insurance
policies.
-5-
ARTICLE V - REINSURANCE RATES AND PAYMENTS
------------------------------------------
2. PAYMENTS - (CONTINUED)
----------------------
You may reinstate reinsurance terminated for non-payment of balances due
at any time within sixty days of the date of termination, by paying us
all balances due and interest charged in full. However, we will have no
liability for claims incurred between the termination date and the
reinstatement date.
3. TAX REIMBURSEMENTS
------------------
Details of any reimbursement of premium taxes that you pay on behalf of
reinsurance payments to us are shown in Exhibit C, Section VIII.
(Premium Taxes).
We mutually agree to the following pursuant to Section 1.848-2 (g) (8)
of the Income Tax Regulation issued December 29, 1992 under Section 848
of the Internal Revenue Code of 1986, as amended. This election will be
effective for all taxable years for which this Agreement remains in
effect.
The terms used in this Section are defined in Regulation Section 1.848-2
in effect as of December 29, 1992. The term "net consideration" will
refer to either net consideration as defined in Section 1.848-2 (f) or
"gross premium and other consideration" as defined in Section 1.848-3
(b), as appropriate.
a) 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 IRC Section 848 (c)(l).
b) We mutually agree to exchange information pertaining to the amount
of net consideration under this Agreement each year to ensure
consistency. We also mutually agree to exchange information
otherwise required by the Internal Revenue Service.
4. EXPERIENCE REFUND
-----------------
Details of any Experience Refund payable to you will be shown in
Exhibit C. Section XI. (Experience Refund).
-6-
ARTICLE VI - CHANGES TO THE REINSURANCE
---------------------------------------
1. ERRORS AND OVERSIGHTS
---------------------
If either of us fail to comply with any of the provisions of this
Agreement because of an unintentional oversight or misunderstanding, the
underlying status of this Agreement will not be changed. Both of us will
be restored to the position we would have occupied had no such oversight
nor misunderstanding occurred.
2. MISSTATEMENT OF AGE OR SEX
--------------------------
If the misstatement of the age or sex of a reinsured life causes an
increase or reduction in the amount of insurance in your underlying
policy, we will both share in the change in proportion to our original
liabilities at the time the policy was issued.
3. CHANGES TO THE UNDERLYING POLICY
--------------------------------
a) All changes. If any change is made to the underlying policy, the
reinsurance will change accordingly. You will give us prompt
written notification of the change, including details and the
effective date of the change.
b) Increases. If the amount at risk increases because of a change in
the underlying policy, you will promptly send us copies of all
papers relating to the change in plan. Our approval will be
necessary if the increase causes the amount reinsured to exceed the
Automatic Acceptance Limits shown in Exhibit A, Part III., if the
policy was reinsured on a facultative basis, or if the underwriting
classification of a substandard risk reinsured on a facultative
basis was changed.
c) Extended Term and Reduced Paid-Up Insurance. If any policy
reinsured under this Agreement converts to Extended Term Insurance
or Reduced Paid-Up Insurance, the net amount at risk reinsured
will be adjusted as appropriate and reinsurance will be continued
in accordance with the provisions of the underlying policy.
Reinsurance payments for the adjusted policy will be calculated on
the basis of the original issue age of the insured and the duration
of the original policy at the time the adjustment became effective,
i.e. point-in-scale basis.
-7-
ARTICLE VI - CHANGES TO THE REINSURANCE
---------------------------------------
4. REDUCTIONS, TERMINATIONS AND REINSTATEMENTS
-------------------------------------------
If any part of the underlying coverage on a life reinsured under this
Agreement is reduced or terminated, the amount of reinsurance will also
be reduced or terminated to the extent that you will continue to
maintain your appropriate retention limit as shown in Exhibit A. You
will not be required to assume amounts in excess of the retention limit
that was in force when the affected policy or policies were issued.
If a policy reinsured under this Agreement is lapsed or terminated, the
reinsurance will also terminate.
If a policy reinsured automatically lapses and is reinstated in
accordance with your standard rules and procedures, reinsurance for the
amount at risk effective at the time of the lapse will be reinstated
automatically at the date of reinstatement of the policy. You will
notify us of the reinstatement on your periodic statement of account.
You will send us copies of your reinstatement papers only upon request.
We will not need to approve reinstatement of a policy reinsured under
this Agreement on a facultative basis when:
a) you have kept your full retention on the policy; and
b) the reinsured amount falls within the Automatic Acceptance Limits
shown in Exhibit A.
Otherwise, you will need our prior review and approval for reinstatement
of any facultative reinsurance. You will send us prompt written notice
of your intention to reinstate the policy along with copies of the
reinstatement papers required by your standard rules and procedures. The
reinsurance will be reinstated at the same time as the policy, subject
to our written approval of the reinstatement.
You will notify us of all reinstatements on your periodic statement of
account, and you will pay all reinsurance payments due from the date of
reinstatement to the date of the current statement of account, including
a proportionate share of interest collected. Thereafter, reinsurance
payments will be in accordance with Article V. (Reinsurance Rates and
Payments).
-8-
ARTICLE VII - RECAPTURE
-----------------------
1. Basis of Recapture
------------------
If you increase the retention limits or your quota share percentage
shown in Exhibit A, you may make a corresponding reduction in eligible
reinsurance cessions. Policies are eligible for recapture if:
a) you have maintained the stated quota share percentage retention
limit shown in Exhibit A. Policies on which you retained less than
your quota share percentage will not be eligible for recapture
unless you are partially or fully retained on the insured life in a
prior policy.
b) the policy has been in force under this Agreement for the Recapture
Period shown in Exhibit C, Section IX. The recapture period will
always be measured from the original policy issue date. For
converted policies the recapture period will be the greater of the
recapture period in the original reinsurance agreement, or the
recapture period in the agreement to which the policy has
converted.
2. METHOD OF RECAPTURE
-------------------
You will give us written notice of your intention to recapture within
ninety days of the effective date of your retention or quota share
percentage increase. If you elect to recapture at a later date, you
will give us additional written notice before you begin the recapture.
When you have given us written notice of your intent to recapture, and
the date that the recapture will begin:
a) All eligible policies will be recaptured;
b) Reinsurance will be reduced on the next anniversary date of each
eligible policy;
c) Reinsurance on each eligible policy will be reduced by an amount
that will increase your retention or quota share percentage to the
current limit set forth in Exhibit A.
If you increase your retention or the stated quota share
percentage shown in Exhibit A, the percentage of the risk
reinsured will reduce proportionately. If reinsurance was placed
with more than one reinsurer, each reinsurer's percentage will be
reduced in the same proportion that each reinsurer's original
percentage bore to the total percentage reinsured.
-9-
ARTICLE VII - RECAPTURE
-----------------------
2. METHOD OF RECAPTURE - (CONTINUED)
---------------------------------
d) If there is reinsurance in force in other companies on any one
insured life, the reduction of the reinsurance in force under this
Agreement will be in the same proportion that the amount reinsured
with us bears to the total reinsurance on the life;
e) If at the time of recapture the insured is disabled and premiums
are being waived under any type of Disability Benefit Rider, only
the life benefit will be recaptured. The reinsured portion of the
Disability Benefit Rider will remain in force until the policy is
returned to premium-paying status, at which time it will be
eligible for recapture.
If you omit or overlook the recapture of any eligible policy or
policies, our acceptance of reinsurance payments after the date the
recapture would have taken place will not cause us to be liable for the
amount of the risk that would have been recaptured. We will be liable
only for a refund of reinsurance payments received, without interest.
If your retention increase is due to your purchase by or purchase of
another company, or your merger, assumption or any other affiliation
with another company, no immediate recapture will be allowed. However,
you may recapture eligible policies once the Recapture Period set out
in Exhibit C, Section IX. has expired.
ARTICLE VIII - CLAIMS
---------------------
1. NOTICE OF CLAIM
---------------
When you receive notice that a claim has been incurred on a policy
reinsured under this Agreement, you will immediately complete and send
us a form in compliance with the "Request for Reinsurance Benefits"
Form shown in Exhibit D. You will also forward copies of the death
certificate and the claimant's statement as each document becomes
available. Copies of the application and underwriting papers will be
sent only for a claim incurred during the contestable period of the
policy; otherwise you will send us only the claim documents we
specifically request.
2. SETTLEMENT OF CLAIMS
--------------------
We will accept your good faith decision in settling any claim except as
specified in this Article. Once we have received the proofs cited in
Section 1 and upon evidence of your settlement with the claimant, we
will discharge our net
-10-
ARTICLE VIII - CLAIMS
---------------------
2. SETTLEMENT OF CLAIMS
--------------------
(CONTINUED) reinsurance liability by paying you one lump sum, regardless
of the method of settlement you use. For the settlement of Waiver of
Premium Disability or other Disability Rider benefits, we will pay you
our proportional share of the gross premium waived annually.
You will consult with us before conceding any liability or making any
settlement with the claimant for claims incurred during the contestable
period of the policy.
Your claim settlements will be administered in good faith, according to
the standard procedures you apply to all claims, whether reinsured or
not.
3. CONTESTABLE CLAIMS
------------------
You will immediately notify us if you intend to contest, compromise or
litigate a claim involving reinsurance. If we prefer not to participate
in the contest, we will notify you of our decision within fifteen days
of our receipt of all documents requested, and we will immediately pay
you the full amount of reinsurance due. Once we have paid our
reinsurance liability, we will not be liable for legal and/or
investigative expenses and we will have no further liability for
expenses associated with the contest, compromise or litigation.
When we agree to participate in a contest, compromise or litigation
involving reinsurance, you will give us prompt notice of the beginning
of any legal proceedings involving the contested policy. You will
promptly furnish us with copies of all documents pertaining to a
lawsuit or notice of intent to file a lawsuit by any of the claimants
or parties to the policy.
We will share in the payment of legal or investigative expenses
relating to a contested claim in the same proportion as our liability
bears to your liability. We will not reimburse expenses associated with
non-reinsured policies.
If your contest, compromise or litigation results in a reduction in the
liability of the contested policy, we will share in the reduction in
the same proportion that the amount of reinsurance bore to the amount
payable under the terms of the policy on the date of death of the
insured.
-11-
ARTICLE VIII - CLAIMS
---------------------
4. CLAIM EXPENSES
--------------
We will pay our proportionate share of the following expenses arising
out of the settlement or litigation of a claim, providing that the
expenses are reasonable:
a) investigative expenses;
b) attorneys' fees;
c) penalties and interest imposed automatically against you by statute
and rising solely out of a judgment rendered against you in a suit
for policy benefits;
d) interest paid to the claimant on death benefit proceeds according
to your practices. Reimbursement of interest in excess of 9%,
unless otherwise dictated by local legislation, will require our
approval.
Our share of claim expenses will be in the same proportion that our
liability bears to your liability.
You will be responsible for payment of the following claim expenses,
which are not considered items of "net reinsurance liability" as
referenced in Section 2. of this Article:
a) routine administrative expenses for the home office or elsewhere,
including your employees' salaries;
b) expenses incurred in connection with any dispute or contest arising
out of a conflict in claims of entitlement to policy proceeds or
benefits which you admit are payable.
5. EXTRA CONTRACTUAL DAMAGES
-------------------------
We will not be liable for nor will we pay any extra contractual
damages, including but not limited to consequential, compensatory,
exemplary or punitive damages which are awarded against you, or which
you pay voluntarily, in settlement of a dispute or claim where damages
were awarded as the result of any direct or indirect act, omission or
course of conduct undertaken by you, your agents or representatives, in
connection with any aspect of the policies reinsured under this
Agreement.
We recognize that special circumstances may arise in which we should
participate to the extent permitted by law in certain assessed damages.
These circumstances are difficult to describe or define in advance but
could include those situations in
-12-
ARTICLE VIII - CLAIMS
---------------------
5. EXTRA CONTRACTUAL DAMAGES
-------------------------
(CONTINUED) which we were an active party in the act, omission or
course of conduct which ultimately resulted in the assessment of the
damages. The extent of our participation is dependent upon a good-faith
assessment of the relative culpability in each case; but all factors
being equal, the division of any such assessment would generally be in
the same proportion of the net liability accepted by each party.
ARTICLE IX - ARBITRATION
------------------------
1. BASIS FOR ARBITRATION
---------------------
We mutually understand and agree that the wording and interpretation of
this Agreement is based on the usual customs and practices of the
insurance and reinsurance industry. While we agree to act in good faith
in our dealings with each other, it is understood and recognized that
situations arise in which we cannot reach an agreement.
In the event that any dispute cannot be resolved to our mutual
satisfaction, the dispute will first be subject to good-faith
negotiation as described below in an attempt to resolve the dispute
without the need to institute formal arbitration proceedings.
2. NEGOTIATION
-----------
Within ten days after one of us has given the other the first written
notification of the specific dispute, each of us will appoint a
designated officer to attempt to resolve the dispute. The officers will
meet at a mutually agreeable location as early as possible and as often
as necessary, in order to gather and furnish the other with all
appropriate and relevant information concerning the dispute. The
officers will discuss the problem and will negotiate in good faith
without the necessity of any formal arbitration proceedings. During the
negotiation process, all reasonable requests made by one officer to the
other for information will be honored. The specific format for such
discussions will be decided by the designated officers. If the officers
cannot resolve the dispute within thirty days of their first meeting,
we agree that we will submit the dispute to formal arbitration.
However, we may agree in writing to extend the negotiation period for
an additional thirty days.
-13-
ARTICLE IX - ARBITRATION
------------------------
3. ARBITRATION PROCEEDINGS
-----------------------
No later than fifteen days after the final negotiation meeting, the
officers taking part in the negotiation will give both of us written
confirmation that they are unable to resolve the dispute and that they
recommend establishment of formal arbitration.
An arbitration panel consisting of three past or present officers of
life insurance companies not affiliated with either of us in any way
will settle the dispute. Each of us will appoint one arbitrator and the
two will select a third. If the two arbitrators cannot agree on the
choice of a third, the choice will be made by the Chairman of the
American Arbitration Association.
The arbitration proceedings will be conducted according to the
Commercial Arbitration Rules of the American Arbitration Association
which are in effect at the time the arbitration begins.
The arbitration will take place in Hartford, Connecticut unless we
mutually agree otherwise.
Within sixty days after the beginning of the arbitration proceedings
the arbitrators will issue a written decision on the dispute and a
statement of any award to be paid as a result. The decision will be
based on the terms and conditions of this Agreement as well as the
usual customs and practices of the insurance and reinsurance industry,
rather than on strict interpretation of the law. The decision will be
final and binding on both of us and there will be no further appeal,
except that either of us may petition any court having jurisdiction
regarding the award rendered by the arbitrators.
We may agree to extend any of the negotiation or arbitration periods
shown in this Article.
Unless otherwise decided by the arbitrators, we will share equally in
all expenses resulting from the arbitration, including the fees and
expenses of the arbitrators, except that each of us will be responsible
for our own attorneys' fees.
-14-
ARTICLE X - INSOLVENCY
----------------------
1. If you are judged insolvent, we will pay all reinsurance under this
Agreement directly to you, your liquidator, receiver or statutory
successor on the basis of your liability under the policy or policies
reinsured without decrease because of your insolvency. It is
understood, however, that in the event of your insolvency the
liquidator, receiver or statutory successor will give us written notice
of a pending claim on a policy reinsured within a reasonable time after
the claim is filed in the insolvency proceedings. While the claim is
pending, we may investigate and interpose at our own expense in the
proceedings where the claim is to be adjudicated, any defense which we
may deem available to you, your liquidator, receiver or statutory
successor. It is further understood that the expense we incur will be
chargeable, subject to court approval, against you as part of the
expense of liquidation to the extent of a proportionate share of the
benefit which may accrue to you solely as a result of the defense we
have undertaken. Where two or more reinsurers are involved in the same
claim and a majority in interest elect to interpose defense to the
claim, the expenses will be apportioned in accordance with the terms of
the reinsurance agreement as though you had incurred the expense.
2. If we are judged insolvent, we will be considered in default under this
Agreement. Amounts due us will be paid directly to our liquidator,
receiver or statutory successor without diminution because of our
insolvency.
ARTICLE XI - INSPECTION OF RECORDS
----------------------------------
1. Either one of us will have the right at any reasonable time to inspect
the original papers, records, books, files or other documents relating
directly or indirectly to the reinsurance coverage under this Agreement.
ARTICLE XII - LETTER OF CREDIT
------------------------------
1. For those states in which you are not permitted to take credit on your
Annual Statement for all or a part of the reinsurance you cede to us,
we will furnish you with a clean, irrevocable Letter of Credit. The
Letter of Credit will be issued by the designated bank in an amount
equal to the reserves ceded to us and will be in a form you find
acceptable. We will bear the cost of the Letter of Credit.
It is understood that you may draw on the Letter of Credit at any time,
notwithstanding any other provisions in this Agreement.
-15-
ARTICLE XII - LETTER OF CREDIT
------------------------------
1. (CONTINUED) You undertake to use and apply any amount which you may draw
upon the Letter of Credit pursuant to the terms of this Agreement under
which the Letter of Credit is held, and only for the following purposes:
a) To pay our share or to reimburse you for our share of unearned
premium or any liability for loss reinsured by this Agreement.
b) To make refund of any sum which is in excess of the actual
amount required to pay our share of any unearned premium or
liability reinsured under this Agreement;
c) To pay other amounts due to you under this Agreement.
You agree to return to us any amounts drawn on Letters of Credit
which are in excess of the actual amounts required for a) or b)
above, or in the case of c) above, any amounts that are
subsequently determined not to be due.
The amounts drawn under any Letter of Credit will be applied without
diminution because of the insolvency of either of us. The designated
bank shall have no responsibility whatsoever in connection with the
propriety of withdrawals you make or the disposition of funds
withdrawn, except to see that withdrawals are made only upon the
order of your properly authorized representatives.
-16-
ARTICLE XIII - EXECUTION OF THE AGREEMENT
-----------------------------------------
In witness whereof, we have caused this Agreement to be executed in duplicate
at the dates and places shown below, by our respective officers duly authorized
to do so.
USAA LIFE INSURANCE COMPANY
SAN ANTONIO, TEXAS
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
---------------------------------------
Signature
AVP - Actuary
---------------------------------------
Title
12/30/98
---------------------------------------
Date of Signature
AMERICAN PHOENIX LIFE AND REASSURANCE COMPANY
HARTFORD, CONNECTICUT
/s/
---------------------------------------
Signature
Director, Treaties and Compliance
---------------------------------------
Title
June 2, 1998
---------------------------------------
Date of Signature
-17-
EXHIBIT A
---------
(EFFECTIVE JUNE 1, 1998)
REINSURANCE COVERAGE
--------------------
I. REINSURANCE COVERAGE
You will retain 10% and cede 90% of each risk on a first dollar quota
share basis, for each risk not submitted on a facultative basis, up to
the Retention Limit shown in Section II. below. Above this point 100%
of the risk will be ceded up to the Automatic Acceptance Limit shown in
Section III below. This Agreement will cover Life Benefits on the VUL
Plan.
Reinsurance coverage will provide neither loan nor cash surrender
values.
II. RETENTION LIMITS
A. LIFE
You will retain 10% of each risk to a maximum as shown below:
NON MILITARY LIFE
(MALE AND FEMALE)
-------------------------------------------------------------------------------
Standard - Table 4 Tables 5 - 8 Tables 9 and Over
and Flat Extras to and Flat Extras and Flat Extra
Ages $10.00 $10.01 to $20.00 $20.01 and Over
===============================================================================
All $600,000 $600,000 $600,000
-------------------------------------------------------------------------------
NOTE: You will retain an additional $100,000 if by so doing you can
eliminate the need for a reinsurance cessions.
ENLISTED MILITARY PERSONNEL ON ACTIVE DUTY
------------------------------------------
All $50,000
------------------------------------------
The maximum issue limit for this program is $200,000.
Continued...
EXHIBIT A - CONTINUED
---------------------
(EFFECTIVE JUNE 1, 1998)
II. RETENTION LIMITS
A. LIFE - (Continued)
MILITARY LIFE ISSUE LIMITS
(MALE AND FEMALE)
------------------------------------
Standard and
Rank Substandard
====================================
WO through 0-3 $250,000
0-4 and above $350,000
------------------------------------
B. WAIVER OF PREMIUM DISABILITY OR WAIVER OF MONTHLY DEDUCTION
(MALE AND FEMALE)
(STANDARD AND SUBSTANDARD)
---------------------------
Ages Face Amount
===========================
15-55 $600,000
---------------------------
C. ACCIDENTAL DEATH BENEFITS
Not reinsured under this Agreement.
III. AUTOMATIC ACCEPTANCE LIMITS
A. LIFE
We will accept automatically 5% of each risk to a maximum
$330,000 for Non-Enlisted insureds and $10,000 for Enlisted
insureds. However, the maximum amount of reinsurance per life
that we will accept under all automatic reinsurance agreements
written between our two companies will not exceed the largest
individual acceptance limit shown in the agreements. For the
purposes of this Agreement, the maximum binding in all
companies is $6,600,000.
The binding limits include your retention.
Continued...
EXHIBIT A - CONTINUED
---------------------
(EFFECTIVE JUNE 1, 1998)
B. WAIVER OF PREMIUM OR WAIVER OF MONTHLY DEDUCTION
We will participate in Waiver of Monthly Deduction benefits to a
maximum $2,000,000 of Benefit face amount per insured life.
C. ACCIDENTAL DEATH BENEFIT
Accidental Death Benefits are not reinsured under this Agreement.
IV. EXCLUSIONS TO AUTOMATIC REINSURANCE COVERAGE
Automatic reinsurance coverage will not be available in the following
situations:
1. The policy has been submitted on a facultative, facultative
obligatory or initial inquiry basis to us or to any other
reinsurer;
2. The risk is categorized as a "Jumbo Risk", where your underwriting
papers indicate that the total life insurance in force and applied
for on the insured's life exceeds $25,000,000.
3. The policy is part of any special program that you offer,
including:
a) experimental or limited retention programs, including but not
limited to cancer, diabetes, aviation or coronary risks;
b) external replacement and/or conversion programs other than
contractual conversions or exchanges of the original policy.
4. You have retained an amount less than your stated quota share
percentage limit.
5. The policy is a result of a conversion from group insurance, unless
we agree otherwise.
Continued...
EXHIBIT A (CONTINUED)
---------------------
(EFFECTIVE JUNE 1, 1998)
V. CONFIDENTIALITY AGREEMENT
We understand that during the term of this Agreement, we may be dealing
with confidential and proprietary information which is your property,
used in the course of your business (confidential information). Our
officers, directors, employees, and agents shall protect the information
as your proprietary and confidential information. We shall not disclose
your information and materials to any other person, firm, organization,
or employee who is not necessarily authorized by us to review the
information and materials as part of our service under this Agreement.
All materials which you prepare or which may be given to us in the
course of this Agreement shall be deemed confidential and proprietary
information and are your exclusive properties which shall be used only
in the course of the performance of services permitted by the terms and
conditions of this Agreement.
We agree that all tapes will be hand-delivered to and from your
location by your designated representative or, at your option by the
appropriate postal authority or mail expediting service. The tapes
shall remain in a secured area when not being processed.
Reprinting of any data contained on any tapes you provided to us must
be approved by you in writing prior to such reprinting. If any data is
reprinted, we agree to keep such data in a secured area. Any data which
has been reprinted must either be delivered to you upon completion for
its use, or, with your prior written approval be shredded.
Your confidential information shall not be copied, re-printed,
duplicated, or recreated in whole or in part without your express
written consent. We shall take reasonable action by instruction,
agreement or otherwise with respect to our employees or other persons
permitted access to the confidential information to comply fully our
obligation hereto with respect to the use, copying, protection, and
security of your Confidential Information.
You retain the right of reasonable inspection to insure that the above
security measures are in place during the term of this Agreement.
Continued...
EXHIBIT A - CONTINUED
---------------------
(EFFECTIVE JUNE 1, 1998)
V. CONFIDENTIALITY AGREEMENT - (CONTINUED)
We agree during our relationship and thereafter, to hold in confidence,
and not to directly or indirectly reveal, report, publish, disclose or
transfer any of the Confidential Information to any person or entity,
or utilize any of the Confidential Information for any purpose, except
in the course of the service provided to you.
Because of the unique nature of the Confidential Information, we
understand and agree that you may suffer irreparable harm in the event
that we fail to comply with any of our obligations, and that monetary
damages may be inadequate to compensate you for such breach.
Accordingly, we agree that you will, in addition to any other remedies
available at law or equity, be entitled to seek injunctive relief to
enforce the terms of this Agreement.
EXHIBIT B
---------
(EFFECTIVE JUNE 1, 1998)
REINSURANCE ADMINISTRATION
--------------------------
Reinsurance administration and premium accounting will be on a self-administered
basis. Premiums will be paid and reported monthly. For each reporting period
you will submit to us a statement containing information in general compliance
with the following:
I. MONTHLY DETAIL REPORT
Policy Number
Name of Insured
Date of Birth
Sex
Smoker/Non Smoker Code
Automatic/Facultative/Facultative Obligatory Code
YRT/Coinsurance Code
Original Issue Date
Issue Date
Flat Extra Rate
Flat Extra Duration
Flat Extra Premium
Flat Extra Allowances
Age Nearest/Last Indicator
Treaty Code
Substandard Percentage
Plan Name (Your Product Name)
Plan Type (Whole Life, Term, UL, Variable UL, etc.)
Joint Policy Indicator*
Original Amount of Insurance (amount you issued)
Amount Reinsured (original amount reinsured with us)
Net Amount at Risk Reinsured (current amount at risk)
* Joint Policies
----------------
For All Insureds Covered Under the Policy:
Names of Insureds
Dates of Birth
Sex of Insureds
Smoker/Non Smoker Codes
Substandard Percentages
Continued...
EXHIBIT B - CONTINUED
---------------------
(EFFECTIVE JUNE 1, 1998)
II. MONTHLY BILLING INFORMATION
Policy Number
Billing Date
Transaction Code (New Business, Lapse, Amendment, etc.)
Transaction Date
Current Net Amount at Risk
Billed Premium (Life, WP, ADB, Flat Extra, etc.)
Billed Allowances (Life, WP, ADB, Flat Extra, etc.)
III. PREMIUM SUMMARY REPORT
(Information should be summarized)
FY RY TOTAL
Life Premium
WP Premium
ADB Premium
Flat Extra Premium
Total Premium
Policy Fees
Life Allowances
WP Allowances
ADB Allowances
Flat Extra Allowances
Total Allowances
Premium Taxes (if applicable)
Total Amount Due = (Total Premium + Policy Fees) - (Total Allowances +
Premium Taxes)
The premium summary should balance to the Monthly Detail Report.
Continued...
EXHIBIT B - CONTINUED
---------------------
(EFFECTIVE JUNE 1, 1998)
IV. QUARTERLY VALUATION REPORT
------------------------------------------------------------
Statutory Tax Reserves
Reserves (annual only)
============================================================
Basic
Waiver
Disabled Lives
ADB
Deficiency
Total
------------------------------------------------------------
V. POLICY EXHIBIT
From ______________________ Reporting Period:___________________
Activity For Period _______________________
Case
Count Volume
----- ------
Beginning In Force
New Business
Reinstatements
Other Increases
Conversions On
Conversions Off
Not Takens
Deaths
Lapses
Cancellations
Surrenders
Recaptures
Other Decreases
Ending In Force
Continued...
EXHIBIT B - CONTINUED
---------------------
(EFFECTIVE JUNE 1, 1998)
NOTE:
1. Any activity resulting from the insured having exercised a
conversion privilege or any similar option granted under policy
provisions should be reflected in the "Conversion Off" or
"Conversion On" categories, rather than being reflected in the
"New Business or "Lapse" categories.
"Conversion Off" denotes policies terminated as a result of a
conversion for which reinsurance with us will be continued under a
new policy; "Conversion On" denotes new policies resulting from
such conversions.
For the purposes of this Agreement, any such change will be
considered a continuation of the original policy.
The combination of "Conversion Off" and "Conversion On" will
normally net to zero for both policy count and volume in the Policy
Exhibit totals.
2. A separate Policy Exhibit should be prepared for each Premium
Summary Report.
[LOGO OF PHOENIX HOME LIFE] PHOENIX HOME LIFE APPLICATION FOR REINSURANCE
INSTRUCTIONS TO CEDING COMPANY
1. Retain copies 1 and 2 - Return copy 3 to Phoenix Home Life
2. When case is put in force - Return copy 2 to Phoenix Home Life
3. To cancel case, complete bottom of 1 and return to Phoenix Home Life
--------------------------------------------------------------------------------
PLEASE TYPE SEND TO PHOENIX HOME LIFE APP. PREPARED BY
, 19
--------------------------------------------------------------------------------
CEDING COMPANY NUMBER OF ORIGINAL CESSION NUMBER [] AUTOMATIC
POLICY [] FACULTATIVE
________________________________________________________________________________
PRIMARY INSURED SEX STATE OF STATE OF DATE OF AGE OCCUPATION SMOKER
(LAST, FIRST, RESIDENCE BIRTH BIRTH []YES []NO
MIDDLE INITIAL)
________________________________________________________________________________
SECOND INSURED
[]YES []NO
________________________________________________________________________________
PAYOR BENEFIT NAME OF PAYOR POLICY PLAN OF RESERVE SHORT TERM
DATE INSURANCE BASIS FROM:
[] PD & D
[] Payor Death Only
================================================================================
1ST INSURED 2ND INSURED
RATING -----------------------------------------------
LIFE DISABILITY ADB LIFE DISABILITY ADB
--------------------------------------------------------------------------------
DIS. RATE FOR
Previous $1,000 OF BASIC
insurance in INSURANCE
force ____ __________ ___ ____ __________ ___ ___________________
PREVIOUS CESSION
Of which we NUMBERS, IF ANY
retained ____ __________ ___ ____ __________ ___ ___________________
MIB CODES BEING
Insurance now REPORTED
applied for ____ __________ ___ ____ __________ ___ ___________________
IS THIS AN
AMENDMENT?
[]YES []NO
IF YES, GIVE
Of which we CESSION NUMBER:
will retain ____ __________ ___ ____ __________ ___ ___________________
HAS CASE BEEN
OFFERED TO OTHER
Reinsurance COMPANIES?
this []YES []NO
application ____ __________ ___ ____ __________ ___ ___________________
REMARKS:
FOR CANCELLATION
[] FILED AS INCOMPLETE
[] POLICY NOT PLACED
[] REINSURANCE PLACED ELSEWHERE
[] WITHIN OUR RETENTION
[] Pre-notice given to the proposed insured(s)
and we have MIB authorization(s).
--------------------------------------------------------------------------------
DO NOT TYPE BELOW THIS LINE
--------------------------------------------------------------------------------
EXHIBIT B-1
COPY 1
[LOGO OF PHOENIX HOME LIFE] PHOENIX HOME LIFE APPLICATION FOR REINSURANCE
--------------------------------------------------------------------------------
PLEASE TYPE SEND TO PHOENIX HOME LIFE APP. PREPARED BY
, 19
--------------------------------------------------------------------------------
CEDING COMPANY NUMBER OF ORIGINAL CESSION NUMBER [] AUTOMATIC
POLICY [] FACULTATIVE
________________________________________________________________________________
PRIMARY INSURED SEX STATE OF STATE OF DATE OF AGE OCCUPATION SMOKER
(LAST, FIRST, RESIDENCE BIRTH BIRTH []YES []NO
MIDDLE INITIAL)
________________________________________________________________________________
SECOND INSURED
[]YES []NO
________________________________________________________________________________
PAYOR BENEFIT NAME OF PAYOR POLICY PLAN OF RESERVE SHORT TERM
DATE INSURANCE BASIS FROM:
[] PD & D
[] Payor Death Only
================================================================================
1ST INSURED 2ND INSURED
RATING -----------------------------------------------
LIFE DISABILITY ADB LIFE DISABILITY ADB
--------------------------------------------------------------------------------
DIS. RATE FOR
Previous $1,000 OF BASIC
insurance in INSURANCE
force ____ __________ ___ ____ __________ ___ ___________________
PREVIOUS CESSION
Of which we NUMBERS, IF ANY
retained ____ __________ ___ ____ __________ ___ ___________________
MIB CODES BEING
Insurance now REPORTED
applied for ____ __________ ___ ____ __________ ___ ___________________
IS THIS AN
AMENDMENT?
[]YES []NO
IF YES, GIVE
Of which we CESSION NUMBER:
will retain ____ __________ ___ ____ __________ ___ ___________________
HAS CASE BEEN
OFFERED TO OTHER
Reinsurance COMPANIES?
this []YES []NO
application ____ __________ ___ ____ __________ ___ ___________________
REMARKS:
FOR CANCELLATION
[] FILED AS INCOMPLETE
[] POLICY NOT PLACED
[] REINSURANCE PLACED ELSEWHERE
[] WITHIN OUR RETENTION
[] Pre-notice given to the proposed insured(s)
and we have MIB authorization(s).
--------------------------------------------------------------------------------
DO NOT TYPE BELOW THIS LINE
--------------------------------------------------------------------------------
SUBST TERM OF PAYOR OR CO REEX- RECAP REMARKS
TABLE REINS. DIS CODE NUMBER TENSION CODE PLAN CODE
-------------------------------------------------- ------------------
RATING
________________________________________________________________________________
AMOUNT AT POL AMOU- POL AMOU- POL AMOU- POL AMOU- POL AMOU- AGE
RISK YR NT YR NT YR NT YR NT YR NT CODE
--------------------------------------------------------------
________________________________________________________________________________
PAYOR DIS
OR RATE/M DIS FLAT
DIS ------ TERM FLAT FLAT FLAT FLAT FLAT EXTRA
GROSS 1ST AGE EXTRA EXTRA EXTRA EXTRA EXTRA YRS PERM
PREM YR RENL
-------------------------------------------------------------------------
________________________________________________________________________________
PREMIUM ADB
WAIVED RATE/M ADB LO HI
----------- TERM POS POS
1ST YR RENL AGE
---------------------------------
________________________________________________________________________________
COPY 2
[LOGO OF PHOENIX HOME LIFE] PHOENIX HOME LIFE APPLICATION FOR REINSURANCE
--------------------------------------------------------------------------------
PLEASE TYPE SEND TO PHOENIX HOME LIFE APP. PREPARED BY
, 19
--------------------------------------------------------------------------------
CEDING COMPANY NUMBER OF ORIGINAL CESSION NUMBER [] AUTOMATIC
POLICY [] FACULTATIVE
________________________________________________________________________________
PRIMARY INSURED SEX STATE OF STATE OF DATE OF AGE OCCUPATION SMOKER
(LAST, FIRST, RESIDENCE BIRTH BIRTH []YES []NO
MIDDLE INITIAL)
________________________________________________________________________________
SECOND INSURED
[]YES []NO
________________________________________________________________________________
PAYOR BENEFIT NAME OF PAYOR POLICY PLAN OF RESERVE SHORT TERM
DATE INSURANCE BASIS FROM:
[] PD & D
[] Payor Death Only
================================================================================
1ST INSURED 2ND INSURED
RATING -----------------------------------------------
LIFE DISABILITY ADB LIFE DISABILITY ADB
--------------------------------------------------------------------------------
DIS. RATE FOR
Previous $1,000 OF BASIC
insurance in INSURANCE
force ____ __________ ___ ____ __________ ___ ___________________
PREVIOUS CESSION
Of which we NUMBERS, IF ANY
retained ____ __________ ___ ____ __________ ___ ___________________
MIB CODES BEING
Insurance now REPORTED
applied for ____ __________ ___ ____ __________ ___ ___________________
IS THIS AN
AMENDMENT?
[]YES []NO
IF YES, GIVE
Of which we CESSION NUMBER:
will retain ____ __________ ___ ____ __________ ___ ___________________
HAS CASE BEEN
OFFERED TO OTHER
Reinsurance COMPANIES?
this []YES []NO
application ____ __________ ___ ____ __________ ___ ___________________
REMARKS:
FOR CANCELLATION
[] FILED AS INCOMPLETE
[] POLICY NOT PLACED
[] REINSURANCE PLACED ELSEWHERE
[] WITHIN OUR RETENTION
[] Pre-notice given to the proposed insured(s)
and we have MIB authorization(s).
--------------------------------------------------------------------------------
DO NOT TYPE BELOW THIS LINE
--------------------------------------------------------------------------------
COPY 3
EXHIBIT C
---------
(EFFECTIVE JUNE 1, 1998)
REINSURANCE RATES AND ALLOWANCES
--------------------------------
I. NET AMOUNT AT RISK CALCULATION
The Net Amount at Risk in any policy year will be the difference
between the face amount of life benefit reinsured and the total cash
value, taken to the nearest dollar, as of the policy anniversary
occurring in that year. When the original policy is issued on a
decreasing term plan or on a level term plan with a duration of twenty
years or less, the cash values will be disregarded. You will maintain a
level retention in all years.
II. RATES FOR LIFE REINSURANCE
The 1991 ▇▇▇▇▇ Tables shown in this Exhibit are annual rates for
standard risks and are per $1,000 of the life benefit reinsured. You
will pay us these rates multiplied by the following renewal
percentages. First year percentage will be 0% for all classes.
-----------------------------------------------------------------------
Preferred Preferred Standard
Ultra Plus Preferred Plus Standard
=======================================================================
34% 43% 60% 47% 64%
-----------------------------------------------------------------------
These rates are guaranteed to a maximum reinsured amount of $20,000,000
per life under this Agreement.
III. POLICY FEE
No policy fee will be charged.
IV. RATES FOR SUBSTANDARD TABLE RATINGS
For substandard risks issued at table ratings, the standard rate will be
multiplied by the appropriate mortality factor:
------------------------------ ------------------------
Table Mortality Table Mortality
Rating Factor Rating Factor
============================== ========================
1 or A 125% 5 or E 225%
1 1/2 or AA 137.5% 6 or F 250%
2 or B 150% 8 or H 300%
2 1/2 or BB 162.5% 1O or J 350%
3 or C 175% 12 or L 400%
4 or D 200% 16 or P 500%
------------------------------ ------------------------
Continued...
EXHIBIT C - CONTINUED
---------------------
(EFFECTIVE JUNE 1, 1998)
V. RATES FOR FLAT EXTRA RATINGS
Substandard risks issued at flat extra ratings will be coinsured. You
will pay us the appropriate portion of the flat extra premium charged
the insured less the following allowances:
------------------------------------------------------------
Duration First Year Renewal Years
============================================================
Over Five Years 75% 10%
Five Years or Less 10% 10%
------------------------------------------------------------
VI. RATES FOR WAIVER OF PREMIUM DISABILITY BENEFIT OR WAIVER OF MONTHLY
DEDUCTION
Waiver Benefits will be coinsured. You will pay us the appropriate
portion of the annual Waiver Benefit premium charged the insured less
the following allowances:
-------------------------------
First Year Renewal Years
===============================
75% 10%
-------------------------------
VII. RATES FOR ACCIDENTAL DEATH BENEFIT
Accidental Death Benefits will not be reinsured under this Agreement.
VIII. PREMIUM TAXES
We will not reimburse premium taxes for reinsurance ceded under this
Agreement.
IK. RECAPTURE PERIOD
Recapture will be allowed after 10 years.
Continued...
EXHIBIT C - CONTINUED
---------------------
(EFFECTIVE JUNE 1, 1998)
X. CONVERSIONS
For the purposes of this Agreement, and unless otherwise specifically
covered elsewhere, "conversions" will mean continuations, rollovers,
exchanges and/or internal replacements.
a) The rates charged for conversions to plans reinsured under this
Agreement will be based on the original issue age of the insured
and the current duration of the original policy at the time of the
conversion, i.e. point-in-scale basis.
b) Conversions from plans reinsured under this Agreement to plans
reinsured under other Reinsurance Agreements in force between us
will be subject to the provisions of the other Agreements,
including provisions covering rates, allowances and/or discounts.
The rates charged will be based on the original issue age of the
insured and the current duration of the original policy, i.e.
point-in-scale basis.
Conversions from plans reinsured under this Agreement to plans that we
do not reinsure will remain under this Agreement. Rates charged will be
the YRT Rates shown in this Exhibit, based on the original issue age of
the insured and the current duration of the policy at the time of the
conversion, i.e. point-in-scale basis.
XI. EXPERIENCE REFUND
Reinsurance under this Agreement is not eligible for an Experience
Refund.
XII. REENTRIES
Policies reinsured under this Agreement are not eligible for re-entry.
[LOGO OF PHOENIX] PHOENIX REQUEST FOR REINSURANCE BENEFITS
--------------------------------------------------------------------------------
SEND COMPLETED REQUEST TO: COMPANY:
Phoenix Home Life Mutual TOLL FREE: ▇-▇▇▇-▇▇▇-▇▇▇▇ [] Phoenix Home Life
Insurance Company 1-860-403-1000 Mutual Insurance Company
**Insurance Claims 3E302 FAX: ▇-▇▇▇-▇▇▇-▇▇▇▇ [] American Phoenix Life
**Bright Meadow Bfvd., and Reassurance
▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ [] Phoenix Life and
Reassurance of New York
--------------------------------------------------------------------------------
**NAME OF INSURED __________________________________ DATE OF BIRTH ____________
DATE OF DEATH CAUSE OF DEATH DATE OF DISABILITY CAUSE OF DISABILITY
________________________________________________________________________________
LINE OF BUSINESS [] Individual [] Bulk/Self [] Group [] ADB [] Waiver
(Check Appropriate): Life/Cession Administration Life/ADD Premium
--------------------------------------------------------------------------------
RATING INFO: (Check Appropriate): REINSURANCE DATA
[] Smoker [] Standard []Auto Pool Number______
[] Non-Smoker [] Substandard Rating __ []Fac. Pool %_____
[] Flat Extra Date Premium Last Reported___
--------------------------------------------------------------------------------
List all policies issued on this insured, with date of termination if not in
force at the date of death. Also indicate whether any policies have been
reinstated within two years prior to date of death.
--------------------------------------------------------------------------------
FACE AMOUNT LAPSED WITHIN FACE AMOUNT
CEDING COMPANY INSURED DATE OF PAST TWO REINSURED
POLICY NUMBER ISSUE ------------- TERMINATION YEARS (NOT NET RISK)
DATE LIFE ADB -----------------------------
(CHECK ONE) DATE LIFE ADB
REINSTATED
--------------------------------------------------------------------------------
[]Yes []No
________________________________________________________________________________
[]Yes []No
________________________________________________________________________________
[]Yes []No
________________________________________________________________________________
[]Yes []No
________________________________________________________________________________
[]Yes []No
________________________________________________________________________________
TOTAL ISSUED AMOUNT REINSURED WITH PHOENIX ____________
_____________ REINSURED WITH OTHERS ____________________
LESS TOTAL TERMINATED
AMOUNT RETAINED AT OWN RISK ______________
_____________
** INSURANCE NOW IN TOTAL ____________________________________
FORCE
________________________________________________________________________________
FRAUD STATEMENT AMOUNT OF REINSURANCE
REQUIRED BY SOME REINSURANCE WITH PHOENIX
STATES CESSION NUMBER PLAN NAME (CURRENT NAR)
ANY PERSON WHO ---------------------------------------------------------
KNOWINGLY AND WITH _________________________________________________________
INTENT TO DEFRAUD
ANY INSURANCE COMPANY _________________________________________________________
OR OTHER PERSON FILES
A STATEMENT OF CLAIM _________________________________________________________
CONTAINING ANY
MATERIALLY FALSE _________________________________________________________
INFORMATION, OR
CONCEALS FOR THE TOTAL REQUESTED> ___________________
PURPOSE OF MISLEADING,
INFORMATION CONCERNING
ANY FACT MATERIAL
THERETO, COMMITS A
FRAUDULENT INSURANCE
ACT, WHICH IS A CRIME.
[] Contestable [] Yes [] No [] Conversion, Exchange or Replacement
[] Routine Investigation [] Yes [] No [] Reentry
[] Initial Notification List:
[] Additional Information Enclosed Policy No.__________ Plan Name___
[] Copies of all claim papers Orig. Issue date____ Reins. with
enclosed includes: Phoenix
Contestable Claims - Application [] Yes [] No
and all underwriting papers, Conversion or Reentry Underwritten
investigation, claimant statement, [] Yes [] No
death certificate and proof of [] We have paid our claim in full
payment. on________and request payment
Non-Contestable - reinsured for of $________
$250,000 plus also include [] Interest expense at ___% per
application and underwriting. annum for ____ days $________
Waivers - application and [] Investigation expense $_____
underwriting, claimant statement, [] Legal Expense $_____
attending physician statement,
waiver premium provison and any
investigation.
[] Copies of investigation are enclosed
[] We are awaiting your consultation REMARKS:
before completing settlement
--------------------------------------------------------------------------------
** ING COMPANY NAME PHONE NUMBER
( )
________________________________________________________________________________
ADDRESS
________________________________________________________________________________
DATE COMPLETED BY TITLE
________________________________________________________________________________
White copy-Return to Yellow copy-Client Pink copy-Request for
HO 2722 11-96 Phoenix Company payment
EXHIBIT E
---------
(EFFECTIVE JUNE 1, 1998)
CONDITIONAL RECEIPT LIABILITY
-----------------------------
I. AUTOMATIC REINSURANCE
We will be liable for losses under the terms of a Conditional Receipt or
Temporary Insurance Receipt only when the following qualifications are
met:
a) we have reviewed your Conditional Receipt or Temporary Insurance
Receipt Form and have given you our written acceptance of the
terms and procedures contained in the Form.
b) the risk would have qualified for automatic coverage under this
Agreement;
c) you have kept your full retention for the age and table rating of
the insured;
d) the amount ceded to us does not exceed the Automatic Acceptance
Limits set forth in Exhibit A (Reinsurance Coverage), Part III.
If you change your application or receipt forms or your procedures and
practices for issuing life insurance covered under this Agreement, we
have the right of review, acceptance or rejection of the changes. We
will have no liability for claims incurred on policies issued on the
basis of the changes unless we have given you written acknowledgment of
our acceptance of the changes.
Copies of your Conditional or Temporary Receipt Forms and our letter(s)
of acceptance are on file in our Home Office.
II. FACULTATIVE REINSURANCE
We will not be liable for a claim incurred under the terms of a
Conditional Receipt or Temporary Insurance Receipt for a risk which has
been submitted to us on a facultative basis.
91 ▇▇▇▇▇, Female Non Smoker
Duration/
Issue
Age 0 1 2 3 4 5 6 7 8 9 10
0 0.8400 0.3300 0.3000 0.2700 0.2400 0.2200 0.2000 0.1800 0.1900 0.1900 0.2100
1 0.7147 0.2467 0.2149 0.1886 0.1607 0.2178 0.2058 0.1172 0.1314 0.1398 0.1647
2 0.5718 0.2094 0.1771 0.1586 0.1360 0.2156 0.2116 0.1225 0.1421 0.1632 0.1939
3 0.4294 0.2010 0.1696 0.1611 0.1459 0.2134 0.2174 0.1670 0.1920 0.2267 0.2628
4 0.3054 0.2043 0.1757 0.1771 0.1702 0.2112 0.2232 0.2222 0.2511 0.2967 0.3364
5 0.2179 0.2052 0.1780 0.1864 0.1890 0.2091 0.2292 0.2593 0.2894 0.3395 0.3796
6 0.2159 0.2061 0.1855 0.1956 0.2072 0.2336 0.2513 0.2806 0.3079 0.3456 0.3786
7 0.2139 0.2102 0.1927 0.2140 0.2383 0.2708 0.2814 0.3052 0.3266 0.3517 0.3776
8 0.2119 0.2143 0.2117 0.2379 0.2747 0.3122 0.3137 0.3297 0.3440 0.3578 0.3766
9 0.2099 0.2184 0.2331 0.2625 0.3088 0.3493 0.3425 0.3508 0.3584 0.3639 0.3755
10 0.2131 0.2224 0.2526 0.2829 0.3330 0.3736 0.3513 0.3554 0.3642 0.3670 0.3728
11 0.2162 0.2431 0.2726 0.3000 0.3389 0.3705 0.3608 0.3621 0.3682 0.3700 0.3706
12 0.2290 0.2718 0.2957 0.3170 0.3448 0.3673 0.3595 0.3588 0.3681 0.3678 0.3668
13 0.2438 0.3029 0.3187 0.3326 0.3496 0.3646 0.3590 0.3576 0.3662 0.3656 0.3636
14 0.2583 0.3306 0.3382 0.3454 0.3534 0.3623 0.3593 0.3584 0.3626 0.3622 0.3611
15 0.2674 0.3393 0.3432 0.3490 0.3549 0.3598 0.3581 0.3571 0.3612 0.3607 0.3593
16 0.2765 0.3479 0.3482 0.3526 0.3553 0.3576 0.3576 0.3578 0.3581 0.3579 0.3582
17 0.2830 0.3467 0.3453 0.3510 0.3535 0.3552 0.3557 0.3564 0.3573 0.3570 0.3579
18 0.2895 0.3455 0.3424 0.3494 0.3517 0.3528 0.3538 0.3550 0.3565 0.3561 0.3576
19 0.2961 0.3443 0.3396 0.3477 0.3499 0.3504 0.3519 0.3535 0.3558 0.3552 0.3574
20 0.2946 0.3371 0.3337 0.3432 0.3466 0.3473 0.3510 0.3536 0.3569 0.3579 0.3630
21 0.2931 0.3298 0.3279 0.3386 0.3433 0.3441 0.3500 0.3536 0.3620 0.3612 0.3687
22 0.2835 0.3108 0.3160 0.3312 0.3386 0.3402 0.3500 0.3552 0.3690 0.3699 0.3837
23 0.2739 0.2899 0.3035 0.3238 0.3339 0.3363 0.3500 0.3568 0.3760 0.3792 0.4032
24 0.2644 0.2709 0.2943 0.3164 0.3293 0.3324 0.3500 0.3584 0.3830 0.3959 0.4283
25 0.2591 0.2635 0.2893 0.3158 0.3284 0.3355 0.3585 0.3600 0.3900 0.4200 0.4600
26 0.2539 0.2560 0.2861 0.3152 0.3262 0.3386 0.3669 0.3811 0.4150 0.4509 0.4972
27 0.2529 0.2545 0.2871 0.3214 0.3338 0.3532 0.3896 0.4087 0.4457 0.4873 0.5393
28 0.2519 0.2530 0.2881 0.3276 0.3400 0.3729 0.4179 0.4427 0.4829 0.5302 0.5878
29 0.2510 0.2515 0.2891 0.3338 0.3552 0.3982 0.4514 0.4832 0.5274 0.5807 0.6442
30 0.2535 0.2545 0.2900 0.3400 0.3800 0.4300 0.4900 0.5300 0.5800 0.6400 0.7100
31 0.2560 0.2588 0.3116 0.3716 0.4163 0.4673 0.5317 0.5819 0.6403 0.7080 0.7857
32 0.2620 0.2676 0.3414 0.4134 0.4621 0.5097 0.5766 0.6390 0.7078 0.7840 0.8702
33 0.2680 0.2811 0.3764 0.4615 0.5149 0.5585 0.6278 0.7030 0.7830 0.8680 0.9630
34 0.2740 0.2984 0.4136 0.5117 0.5718 0.6148 0.6879 0.7761 0.8669 0.9600 1.0631
35 0.2800 0.3200 0.4500 0.5600 0.6300 0.6800 0.7600 0.8600 0.9600 1.0600 1.1700
36 0.3089 0.3470 0.4864 0.6077 0.6920 0.7572 0.8466 0.9556 1.0605 1.1630 1.2756
37 0.3478 0.3789 0.5248 0.6574 0.7596 0.8456 0.9457 1.0616 1.1678 1.2691 1.3804
38 0.3914 0.4143 0.5640 0.7074 0.8292 0.9404 1.0535 1.1768 1.2850 1.3857 1.4964
39 0.4339 0.4518 0.6028 0.7555 0.8972 1.0368 1.1662 1.3000 1.4147 1.5202 1.6356
40 0.4700 0.4900 0.6400 0.8000 0.9600 1.1300 1.2800 1.4300 1.5600 1.6800 1.8100
41 0.4974 0.5237 0.6826 0.8427 1.0046 1.2085 1.3855 1.5598 1.7176 1.8671 2.0268
42 0.5197 0.5538 0.7026 0.8516 1.0335 1.2754 1.4854 1.6901 1.8856 2.0766 2.2780
43 0.5403 0.5882 0.7026 0.8605 1.0661 1.3482 1.5934 1.8315 2.0688 2.3054 2.5528
44 0.5626 0.6343 0.7405 0.9002 1.1218 1.4439 1.7237 1.9946 2.2720 2.5509 2.8404
45 0.5900 0.7000 0.8100 0.9800 1.2200 1.5800 1.8900 2.1900 2.5000 2.8100 3.1300
46 0.6189 0.7876 0.9120 1.1013 1.3656 1.7674 2.1058 2.4320 2.7645 3.0878 3.4200
47 0.6470 0.8920 1.0372 1.2518 1.5456 1.9947 2.3619 2.7136 3.0622 3.3861 3.7176
48 0.6798 1.0096 1.1844 1.4298 1.7528 2.2453 2.6381 3.0132 3.3758 3.6975 4.0252
49 0.7223 1.1368 1.3524 1.6331 1.9800 2.5026 2.9142 3.3092 3.6875 4.0146 4.3452
50 0.7800 1.2700 1.5400 1.8600 2.2200 2.7500 3.1700 3.5800 3.9800 4.3300 4.6800
51 0.8582 1.4188 1.7594 2.1214 2.4800 2.9844 3.3979 3.8102 4.2343 4.6244 5.0066
52 0.9535 1.5856 2.0113 2.4187 2.7648 3.2168 3.6114 4.0143 4.4622 4.9028 5.3233
53 1.0577 1.7560 2.2775 2.7353 3.0636 3.4520 3.8218 4.2153 4.6918 5.1940 5.6647
Duration/
Issue Attained
Age 11 12 13 14 Ultimate Age
0 0.2300 0.2600 0.2900 0.3400 0.3800 15
1 0.1828 0.2102 0.2376 0.3472 0.3800 16
2 0.2076 0.2286 0.2495 0.3544 0.3800 17
3 0.2710 0.2838 0.2965 0.3616 0.3800 18
4 0.3395 0.3447 0.3497 0.3688 0.3800 19
5 0.3797 0.3799 0.3799 0.3728 0.3800 20
6 0.3797 0.3799 0.3799 0.3768 0.3800 21
7 0.3797 0.3799 0.3799 0.3776 0.3800 22
8 0.3797 0.3799 0.3799 0.3784 0.3800 23
9 0.3797 0.3799 0.3799 0.3792 0.3800 24
10 0.3797 0.3800 0.3800 0.3796 0.3800 25
11 0.3784 0.3786 0.3800 0.3800 0.3800 26
12 0.3771 0.3773 0.3790 0.3800 0.3800 27
13 0.3742 0.3746 0.3780 0.3800 0.3800 28
14 0.3698 0.3704 0.3766 0.3800 0.3800 29
15 0.3694 0.3705 0.3786 0.3800 0.3800 30
16 0.3675 0.3690 0.3802 0.3880 0.3800 31
17 0.3697 0.3718 0.3852 0.3960 0.3800 32
18 0.3719 0.3746 0.3902 0.4040 0.4000 33
19 0.3740 0.3773 0.3951 0.4120 0.4200 34
20 0.3818 0.3800 0.4000 0.4200 0.4500 35
21 0.3895 0.3982 0.4245 0.4493 0.4900 36
22 0.4058 0.4211 0.4555 0.4854 0.5300 37
23 0.4268 0.4498 0.4931 0.5290 0.5800 38
24 0.4543 0.4857 0.5378 0.5803 0.6400 39
25 0.4900 0.5300 0.5900 0.6400 0.7000 40
26 0.5330 0.5823 0.6483 0.7066 0.7800 41
27 0.5823 0.6418 0.7126 0.7797 0.8600 42
28 0.6390 0.7090 0.7846 0.8615 0.9600 43
29 0.7045 0.7849 0.8665 0.9542 1.0600 44
30 0.7800 0.8700 0.9600 1.0600 1.1700 45
31 0.8667 0.9641 1.0646 1.1777 1.3000 46
32 0.9638 1.0666 1.1789 1.3058 1.4400 47
33 1.0694 1.1782 1.3039 1.4462 1.6000 48
34 1.1821 1.2991 1.4406 1.6003 1.7800 49
35 1.3000 1.4300 1.5900 1.7700 1.9600 50
36 1.4130 1.5625 1.7454 1.9509 2.1700 51
37 1.5221 1.6962 1.9063 2.1418 2.3900 52
38 1.6427 1.8438 2.0825 2.3494 2.6300 53
39 1.7902 2.0175 2.2838 2.5799 2.8800 54
40 1.9800 2.2300 2.5200 2.8400 3.1600 55
41 2.2230 2.4890 2.7950 3.1277 3.4700 56
42 2.5091 2.7863 3.1023 3.4386 3.8000 57
43 2.8217 3.1101 3.4361 3.7758 4.1600 58
44 3.1442 3.4486 3.7906 4.1419 4.5400 59
45 3.4600 3.7900 4.1600 4.5400 4.9600 60
46 3.7575 4.1214 4.5305 4.9562 5.4400 61
47 4.0478 4.4507 4.9058 5.3887 5.9600 62
48 4.3482 4.7973 5.3070 5.8581 6.5100 63
49 4.6765 5.1806 5.7547 6.3850 7.1000 64
50 5.0500 5.6200 6.2700 6.9900 7.7700 65
51 5.4493 6.0919 6.8246 7.6398 8.5400 66
52 5.8626 6.5834 7.4047 8.3205 9.4100 67
53 6.3194 7.1298 8.0525 9.0823 10.3300 68
91 ▇▇▇▇▇, Female Non Smoker
Duration/
Issue
Age 0 1 2 3 4 5 6 7 8 9 10
54 1.1626 1.9156 2.5398 3.0546 3.3656 3.6948 4.0409 4.4362 4.9517 5.5268 6.0654
55 1.2600 2.0500 2.7800 3.3600 3.6600 3.9500 4.2800 4.7000 5.2700 5.9300 6.5600
56 1.3487 2.1499 2.9991 3.6582 3.9439 4.2085 4.5203 4.9847 5.6182 6.3670 7.1079
57 1.4342 2.2250 3.2094 3.9601 4.2246 4.4670 4.7542 5.2750 5.9773 6.8185 7.6862
58 1.5182 2.2890 3.4090 4.2559 4.5062 4.7394 5.0098 5.6038 6.3903 7.3395 8.3554
59 1.6029 2.3561 3.5965 4.5358 4.7933 5.0391 5.3157 6.0045 6.9002 7.9850 9.1765
60 1.6900 2.4400 3.7700 4.7900 5.0900 5.3800 5.7000 6.5100 7.5500 8.8100 10.2100
61 1.7740 2.5315 3.8976 4.9704 5.3494 5.7143 6.1170 7.0673 6.2804 9.7496 11.3699
62 1.8536 2.6214 3.9804 5.0836 5.5685 6.0330 6.5479 7.6542 9.0628 10.7672 12.6158
63 1.9372 2.7234 4.0664 5.2016 5.8179 6.4074 7.0613 8.3506 9.9860 11.9600 14.0766
64 2.0332 2.8517 4.2036 5.3964 6.1682 6.9093 7.7258 9.2359 11.1388 13.4252 15.8817
65 2.1500 3.0200 4.4400 5.7400 6.6900 7.6100 8.6100 10.3900 12.6100 15.2600 18.1600
66 2.2676 3.2044 4.7823 6.2623 7.4229 8.5595 9.7500 11.8659 14.4846 17.5959 21.1404
67 2.3809 3.3956 5.1986 6.9154 8.3198 9.7102 11.1000 13.6106 16.7033 20.3682 24.7368
68 2.5191 3.6296 5.6786 7.6542 9.3214 10.9870 12.6060 15.5442 19.1387 23.3794 28.6060
69 2.7122 3.9424 6.2125 8.4341 10.3679 12.3153 14.2140 17.5873 21.6634 26.4325 32.4048
70 2.9900 4.3700 6.7900 9.2100 11.4000 13.6200 15.8700 19.6600 24.1500 29.3300 35.7900
71 3.3459 4.9007 7.4007 9.9629 12.3877 14.8595 17.5193 21.6909 26.5101 31.9634 38.6120
72 3.7602 5.5106 8.0512 10.7227 13.37O6 16.0837 19.1978 23.7330 28.8287 34.4643 41.0996
73 4.2425 6.2171 8.7573 11.5181 14.3937 17.3551 20.9877 25.8937 31.2382 36.9954 43.4773
74 4.8025 7.0378 9.5350 12.3776 15.5018 18.7364 22.9711 28.2803 33.8712 39.7197 45.9692
75 5.4500 7.9900 10.4000 13.3300 16.7400 20.2900 25.2300 31.0000 36.8600 42.8000 48.8000
76 6.3468 9.3137 11.5059 14.5226 18.3083 22.2773 28.2061 34.5762 40.7398 46.7312 52.3479
77 7.2436 10.6375 12.6117 15.7152 19.8765 24.2646 31.1822 38.1524 44.6197 50.6625 55.8957
78 8.1404 11.9612 13.7176 16.9078 21.4448 26.2519 34.1583 41.7286 48.4995 54.5937 59.4436
79 9.0372 13.2850 14.8234 18.1004 23.0131 28.2392 37.1344 45.3048 52.3794 58.5250 62.9914
80 9.9339 14.6087 15.9293 19.2930 24.5814 30.2264 40.1105 46.8810 56.2592 62.4562 66.5393
Duration/
Issue Attained
Age 11 12 13 14 Ultimate Age
54 6.8487 7.7669 8.8102 9.9754 11.3400 69
55 7.4800 8.5300 9.7200 11.0500 12.5100 70
56 8.1625 9.3608 10.7148 12.2298 13.9100 71
57 8.8766 10.2356 11.7664 13.4815 15.5200 72
58 9.6986 11.2420 12.9756 14.9193 17.2800 73
59 10.7043 12.4676 14.4432 16.6574 19.2300 74
60 11.9700 14.0000 16.2700 18.8100 21.5200 75
61 13.4026 15.7402 18.3526 21.2710 24.3100 76
62 14.9515 17.6297 20.6239 23.9641 27.6300 77
63 16.7561 19.8171 23.2389 27.0487 31.3900 78
64 18.9558 22.4510 26.3526 30.6842 35.5900 79
65 21.6900 25.6800 30.1200 35.0300 40.3700 80
66 25.1727 29.6730 34.6350 40.0737 45.8700 81
67 29.3110 34.3309 39.7941 45.7090 52.1100 82
68 33.7838 39.4003 45.4567 51.9546 59.0100 83
69 38.2705 44.6278 51.4822 58.8287 66.5900 84
70 42.4500 49.7600 57.7300 66.3500 75.5900 85
71 46.1571 54.6102 63.9769 74.5069 86.3900 86
72 49.6057 59.3474 70.3168 83.2872 98.3500 87
73 53.0437 64.2516 77.0841 92.7080 111.0100 88
74 56.7192 69.6024 84.6137 102.7866 123.8700 89
75 60.8800 75.6800 93.2400 113.5400 136.6600 90
76 66.1663 83.5643 104.7105 126.2952 149.5100 91
77 71.4526 91.4487 116.1809 139.0505 162.6100 92
78 76.7389 99.3330 127.6514 151.8057 176.0500 93
79 82.0252 107.2174 139.1219 164.5609 189.9000 94
80 87.3115 115.1017 150.5924 177.3162 204.0400 95
218.5000 96
233.5000 97
249.0400 98
265.1200 99
296.3000 100
363.2100 101
468.3200 102
613.2600 103
796.7400 104
1,000.0000 105
1,000.0000 106
1,000.0000 107
1,000.0000 108
1,000.0000 109
1,000.0000 110
1,000.0000 111
1,000.0000 112
1,000.0000 113
1,000.0000 114
1,000.0000 115
1,000.0000 116
1,000.0000 117
1,000.0000 118
1,000.0000 119
91 ▇▇▇▇▇, Female Smoker
Duration/
Issue
Age 0 1 2 3 4 5 6 7 8 9 10
0 1.5695 0.6166 0.5605 0.5045 0.4484 0.4111 0.3737 0.3363 0.3550 0.3550 0.3924
1 1.4090 0.5360 0.4766 0.4275 0.3737 0.4070 0.3172 0.2925 0.3189 0.3344 0.3812
2 1.1513 0.4779 0.4176 0.3833 0.3368 0.4029 0.3138 0.3114 0.3480 0.3870 0.4450
3 0.8576 0.4371 0.3787 0.3631 0.3276 0.3988 0.3440 0.3670 0.4137 0.4777 0.5461
4 0.5892 0.4084 0.3553 0.3583 0.3364 0.3947 0.3886 0.4333 0.4875 0.5718 0.6468
5 0.4071 0.4004 0.3508 0.3670 0.3531 0.3907 0.4282 0.4845 0.5407 0.6343 0.7093
6 0.4027 0.3924 0.3462 0.3757 0.3891 0.4391 0.4729 0.5275 0.5783 0.6655 0.7074
7 0.3983 0.3982 0.3690 0.4105 0.4509 0.5138 0.5356 0.5796 0.6191 0.6888 0.7055
8 0.3939 0.4040 0.4030 0.4545 0.5216 0.5950 0.6012 0.6302 0.6561 0.7035 0.7036
9 0.3894 0.4098 0.4400 0.4972 0.5844 0.6630 0.6545 0.6690 0.6820 0.7046 0.7017
10 0.3898 0.4155 0.4720 0.5286 0.6222 0.6980 0.6621 0.6698 0.6761 0.7057 0.6942
11 0.3924 0.4537 0.5032 0.5497 0.6208 0.6903 0.6697 0.6705 0.6701 0.6866 0.6867
12 0.3999 0.5087 0.5391 0.5674 0.6194 0.6528 0.6324 0.6315 0.6285 0.6523 0.6683
13 0.4098 0.5671 0.5732 0.5765 0.5975 0.6005 0.5825 0.5815 0.5777 0.6120 0.6482
14 0.4197 0.6153 0.5988 0.5813 0.5719 0.5480 0.5337 0.5333 0.5305 0.5748 0.6302
15 0.4243 0.6400 0.5994 0.5758 0.5500 0.5100 0.5000 0.5000 0.5000 0.5500 0.6244
16 0.4257 0.6364 0.6000 0.5659 0.5286 0.4854 0.4928 0.4940 0.5020 0.5500 0.6185
17 0.4169 0.6136 0.5752 0.5366 0.5027 0.4644 0.4856 0.4880 0.5040 0.5500 0.6189
18 0.4013 0.5785 0.5421 0.5025 0.4771 0.4487 0.4784 0.4820 0.5060 0.5500 0.6193
19 0.3847 0.5383 0.5080 0.4710 0.4566 0.4444 0.4713 0.4760 0.5080 0.5500 0.6197
20 0.3700 0.5000 0.4800 0.4500 0.4516 0.4400 0.4763 0.4700 0.5100 0.5500 0.6200
21 0.3560 0.4578 0.4558 0.4500 0.4506 0.4504 0.4813 0.4964 0.5458 0.5902 0.6609
22 0.34O9 0.4071 0.4305 0.4500 0.4550 0.4700 0.5072 0.5352 0.5945 0.6459 0.7169
23 0.3263 0.3565 0.4078 0.4500 0.4695 0.4964 0.5403 0.5828 0.6523 0.7125 0.7845
24 0.3140 0.3146 0.3911 0.4500 0.4884 0.5272 0.5785 0.6356 0.7154 0.7854 0.8600
25 0.3102 0.2900 0.3880 0.4500 0.5100 0.5600 0.6200 0.6900 0.7800 0.8600 0.9400
26 0.3064 0.2901 0.3875 0.4592 0.5306 0.5911 0.6624 0.7428 0.8417 0.9306 1.0178
27 0.3073 0.2901 0.3908 0.4683 0.5512 0.6222 0.7068 0.7964 0.9030 1.0003 1.0959
28 0.3082 0.3075 0.4050 0.4841 0.5776 0.6586 0.7571 0.8556 0.9706 1.0777 1.1841
29 0.3091 0.3346 0.4304 0.5126 0.6153 0.7061 0.8169 0.9252 1.0507 1.1714 1.2922
30 0.3100 0.3700 0.4700 0.5600 0.6700 0.7700 0.8900 1.0100 1.1500 1.2900 1.4300
31 0.3413 0.4142 0.5268 0.6320 0.7466 0.8563 0.9794 1.1116 1.2682 1.4294 1.5888
32 0.3826 0.4683 0.5988 0.7244 0.8413 0.9614 1.0827 1.2268 1.4011 1.5839 1.7620
33 0.4343 0.5313 0.6815 0.8288 0.9467 1.0762 1.1953 1.3532 1.5489 1.7597 1.9628
34 0.4966 0.6022 0.7701 0.9368 1.0554 1.1921 1.3126 1.4884 1.7118 1.9630 2.2044
35 0.5700 0.6800 0.8600 1.0400 1.1600 1.3000 1.4300 1.6300 1.8900 2.2000 2.5000
36 0.6608 0.7693 0.9517 1.1333 1.2494 1.3802 1.5254 1.7551 2.0639 2.4631 2.8558
37 0.7688 0.8706 1.0482 1.2222 1.3285 1.4385 1.6017 1.8654 2.2334 2.7482 3.2631
38 0.8844 0.9774 1.1490 1.3146 1.4139 1.5047 1.6923 1.9950 2.4278 3.0666 3.7125
39 0.9980 1.0827 1.2531 1.4179 1.5222 1.6088 1.8306 2.1785 2.6769 3.4301 4.1946
40 1.1000 1.1800 1.3600 1.5400 1.6700 1.7800 2.0500 2.4500 3.0100 3.8500 4.7000
41 1.1874 1.2654 1.4637 1.6766 1.8598 2.0310 2.3709 2.8360 3.4562 4.3517 5.2467
42 1.2665 1.3433 1.5646 1.8227 2.0805 2.3417 2.7710 3.3136 3.9957 4.9274 5.8410
43 1.3419 1.4195 1.6718 1.9845 2.3283 2.6939 3.2198 3.8432 4.5851 5.5394 6.4558
44 1.4182 1.4998 1.7939 2.1682 2.5994 3.0694 3.6863 4.3852 5.1810 6.1495 7.0645
45 1.5000 1.5900 1.9400 2.3800 2.8900 3.4500 4.1400 4.9000 5.7400 6.7200 7.6400
46 1.5830 1.6858 2.1095 2.6243 3.2136 3.8585 4.6082 5.4142 6.2854 7.2642 8.1896
47 1.6643 1.7835 2.2966 2.8970 3.5728 4.3070 5.1113 5.9541 6.8461 7.8075 8.7312
48 1.7501 1.8893 2.5018 3.1914 3.9472 4.7614 5.6083 6.4799 7.3871 8.3297 9.2540
49 1.8466 2.0094 2.7261 3.5013 4.3164 5.1871 6.0582 6.9518 7.8734 8.8106 9.7472
50 1.9600 2.1500 2.9700 3.8200 4.6600 5.5500 6.4200 7.3300 8.2700 9.2300 10.2000
51 2.1029 2.3258 3.2413 4.1447 4.9580 5.8103 6.6376 7.5531 8.5154 9.5403 10.5772
52 2.2710 2.5325 3.5394 4.4798 5.2240 5.9910 6.7384 7.6478 8.6329 9.7550 10.8860
53 2.4458 2.7483 3.8530 4.8294 5.4880 6.1514 6.8064 7.7058 8.7147 9.9454 11.1792
Duration/
Issue Attained
Age 11 12 13 14 Ultimate Age
0 0.4297 0.4858 0.5418 0.6353 0.7100 15
1 0.4152 0.4663 0.5174 0.6026 0.7100 16
2 0.4709 0.5098 0.5488 0.6139 0.7100 17
3 0.5618 0.5854 0.6092 0.6489 0.7100 18
4 0.6530 0.6624 0.6718 0.6876 0.7100 19
5 0.7094 0.7098 0.7098 0.7100 0.7100 20
6 0.7084 0.7098 0.7098 0.7100 0.7100 21
7 0.7074 0.7097 0.7098 0.7100 0.7100 22
8 0.7064 0.7096 0.7098 0.7100 0.7100 23
9 0.7053 0.7096 0.7098 0.7100 0.7100 24
10 0.7027 0.7095 0.7099 0.7100 0.7100 25
11 0.6984 0.7088 0.7088 0.7100 0.7100 26
12 0.6925 0.7080 0.7079 0.7100 0.7100 27
13 0.6850 0.7060 0.7058 0.7100 0.7100 28
14 0.6758 0.7027 0.7025 0.7100 0.7100 29
15 0.6724 0.7057 0.7060 0.7100 0.7100 30
16 0.6673 0.7074 0.7085 0.7285 0.7100 31
17 0.6680 0.7155 0.7179 0.7502 0.7400 32
18 0.6687 0.7236 0.7352 0.7818 0.8200 33
19 0.6694 0.7318 0.7669 0.8295 0.9000 34
20 0.6700 0.7400 0.8200 0.9000 1.0000 35
21 0.7212 0.8020 0.8969 0.9951 1.1200 36
22 0.7919 0.8842 0.9929 1.1106 1.2600 37
23 0.8761 0.9815 1.1044 1.2434 1.4000 38
24 0.9675 1.0885 1.2280 1.3909 1.5600 39
25 1.0600 1.2000 1.3600 1.5500 1.7400 40
26 1.1440 1.3075 1.4930 1.7152 1.9400 41
27 1.2236 1.4146 1.6295 1.8884 2.1600 42
28 1.3132 1.5338 1.7805 2.0780 2.4000 43
29 1.4272 1.6781 1.9570 2.2924 2.6600 44
30 1.5800 1.8600 2.1700 2.5400 2.9500 45
31 1.7649 2.0730 2.4132 2.8136 3.2600 46
32 1.9722 2.3087 2.6792 3.1076 3.6000 47
33 2.2122 2.5769 2.9776 3.4328 3.9600 48
34 2.4947 2.8874 3.3180 3.8000 4.3400 49
35 2.8300 3.2500 3.7100 4.2200 4.7600 50
36 3.2239 3.6691 4.1566 4.6954 5.2300 51
37 3.6698 4.1382 4.6515 5.2189 5.7800 52
38 4.1586 4.6506 5.1901 5.7867 6.3800 53
39 4.6817 5.2001 5.7678 6.3950 7.0400 54
40 5.2300 5.7800 6.3800 7.0400 7.7500 55
41 5.8228 6.4088 7.0434 7.7354 8.4800 56
42 6.4660 7.0908 7.7611 8.4837 9.2300 57
43 7.1308 7.7984 8.5081 9.2643 10.0300 58
44 7.7884 8.5040 9.2594 10.0566 10.8600 59
45 8.4100 9.1600 9.9900 10.8400 11.7000 60
46 8.9985 9.8330 10.7120 11.6330 12.5600 61
47 9.5730 10.4813 11.4420 12.4493 13.4500 62
48 10.1294 11.1151 12.1620 13.2611 14.3700 63
49 10.6631 11.7246 12.8540 14.0406 15.3200 64
50 11.1700 12.3000 13.5000 14.7600 16.2500 65
51 11.6210 12.7966 14.0342 15.3235 17.1000 66
52 12.0191 13.2271 14.4687 15.7498 17.7600 67
53 12.4077 13.6493 14.9021 16.1822 18.1300 68
Duration/
Issue
Age 0 1 2 3 4 5 6 7 8 9 10
54 2.6083 2.9514 4.1703 5.1981 5.7800 6.3513 6.9256 7.8193 8.8530 10.1833 11.5096
55 2.7400 3.1200 4.4800 5.5900 6.1300 6.6500 7.1800 8.0800 9.1400 10.5400 11.9300
56 2.8147 3.2234 4.7682 6.0041 6.5398 7.0538 7.5803 8.4867 9.5546 10.9626 12.3454
57 2.8450 3.2763 5.0427 6.4374 6.9893 7.5231 8.0706 8.9782 10.0355 11.4035 12.7205
58 2.8698 3.3245 5.3241 6.8918 7.4759 8.0485 8.6346 9.5562 10.6141 11.9421 13.1979
59 2.9285 3.4138 5.6330 7.3687 7.9970 8.6206 9.2565 10.2229 11.3218 12.6578 13.9202
60 3.0600 3.5900 5.9900 7.8700 8.5500 9.2300 9.9200 10.9800 12.1900 13.6300 15.0300
61 3.2796 3.8639 6.3984 8.3956 9.1399 9.8891 10.6378 11.8511 13.2569 14.9126 16.6053
62 3.5612 4.2050 6.8444 8.9444 9.7686 10.6042 11.4207 12.8350 14.5014 16.4525 18.5510
63 3.8820 4.5970 7.3232 9.5164 10.4282 11.3566 12.2497 13.8962 15.8666 18.1691 20.7502
64 4.2192 5.0241 7.8300 10.1116 11.1113 12.1281 13.1058 14.9997 17.2951 19.9818 23.0855
65 4.5500 5.4700 8.3600 10.7300 11.8100 12.9000 13.9700 16.1100 18.7300 21.8100 25.4400
66 4.8546 5.9038 8.8945 11.3492 12.4673 13.5745 14.7024 17.0704 20.0091 23.4914 27.6858
67 5.1481 6.3361 9.4366 11.9692 13.0882 14.1638 15.3156 17.9044 21.1706 25.0797 29.9009
68 5.4603 6.8135 10.0146 12.6236 13.7586 14.8150 16.0198 18.8472 22.4574 26.8183 32.2771
69 5.8210 7.3826 10.6563 13.3460 14.5639 15.6747 17.0244 20.1340 24.1129 28.9506 35.0062
70 6.2600 8.0900 11.3900 14.1700 15.5900 16.8900 18.5400 22.0000 26.3800 31.7200 38.2800
71 6.7749 8.9229 12.2117 15.0941 16.8387 18.4608 20.5494 24.4174 29.2222 35.0770 42.0390
72 7.3458 9.8504 13.1027 16.0959 18.2528 20.2892 22.9126 27.2293 32.4774 38.8595 46.1554
73 7.9763 10.8914 14.0689 17.1777 19.8296 22.3751 25.6552 30.4775 36.2006 43.1415 50.7182
74 8.6699 12.0649 15.1160 18.3416 21.5663 24.7187 28.8025 34.2038 40.4465 47.9970 55.8167
75 9.4300 13.3900 16.2500 19.5900 23.4600 27.3200 32.3800 38.4500 45.2700 53.5000 61.5400
76 10.3851 15.1444 17.6367 21.0886 25.8286 30.6942 37.2143 44.2000 51.7533 60.8470 69.0187
77 11.3401 16.8989 19.0235 22.5873 28.1971 34.0683 42.0486 49.9500 58.2366 68.1939 76.4974
78 12.2952 18.6533 20.4102 24.0859 30.5657 37.4425 46.8829 55.7001 64.7200 75.5409 83.9761
79 13.2502 20.4078 21.7970 25.5845 32.9343 40.8166 51.7172 61.4501 71.2033 82.8879 91.4547
80 14.2053 22.1622 23.1837 27.0831 35.3029 44.1908 58.5515 67.2001 77.6866 90.2349 98.9334
Duration/
Issue Attained
Age 11 12 13 14 Ultimate Age
54 12.8302 14.1290 15.4330 16.7645 18.3900 69
55 13.3300 14.7300 16.1600 17.6400 18.8400 70
56 13.7763 15.3190 16.9651 18.7184 19.7800 71
57 14.1402 15.8533 17.7826 19.9040 21.4100 72
58 14.6178 16.5331 18.7894 21.3324 23.6300 73
59 15.4057 17.5586 20.1629 23.1392 26.3000 74
60 16.7000 19.1300 22.0800 25.4600 29.3800 75
61 18.6034 21.3350 24.5971 28.3007 32.8100 76
62 20.9849 24.0403 27.5962 31.5710 36.5200 77
63 23.6907 27.1141 30.9926 35.2618 40.4800 78
64 26.5670 30.4246 34.7021 39.3645 44.7900 79
65 29.4600 33.8400 38.6400 43.6700 49.5500 80
66 32.2738 37.2582 42.6451 48.6008 54.9100 81
67 35.1109 40.7669 46.7738 53.5628 60.9100 82
68 38.1151 44.5195 51.2678 59.0224 67.4300 83
69 41.4302 48.6694 56.3693 65.2460 74.5100 84
70 45.2000 53.3700 62.3200 72.5000 83.4300 85
71 49.3518 58.5173 68.9661 80.8844 94.8400 86
72 53.7898 64.0090 76.1464 90.2217 107.6400 87
73 58.6228 70.0011 84.0916 100.3617 120.9800 88
74 63.9599 76.6495 93.0326 111.1545 133.9800 89
75 69.9100 84.1100 103.2000 122.4500 146.0000 90
76 77.5537 93.7991 116.7392 135.4536 157.1000 91
77 85.1974 103.4882 130.2784 148.4572 167.8500 92
78 92.8411 113.1774 143.8176 161.4608 178.8700 93
79 100.4848 122.8665 157.3568 174.4644 190.7500 94
80 108.1285 132.5556 170.8960 187.4680 204.0400 95
218.5000 96
233.5000 97
249.0400 98
265.1200 99
296.3000 100
363.2100 101
468.3200 102
613.2600 103
796.7400 104
1,000.0000 105
1,000.0000 106
1,000.0000 107
1,000.0000 108
1,000.0000 109
1,000.0000 110
1,000.0000 111
1,000.0000 112
1,000.0000 113
1,000.0000 114
1,000.0000 115
1,000.0000 116
1,000.0000 117
1,000.0000 118
1,000.0000 119
91 ▇▇▇▇▇, Male Non Smoker
Duration/
Issue
Age 0 1 2 3 4 5 6 7 8 9 10
0 1.1200 0.7000 0.4700 0.4200 0.3700 0.3200 0.3100 0.2800 0.2700 0.2700 0.2800
1 0.9856 0.6002 0.3849 0.3369 0.2876 0.3116 0.3137 0.2183 0.2231 0.2571 0.2962
2 0.8054 0.5067 0.3324 0.2908 0.2452 0.3032 0.3174 0.2120 0.2406 0.3264 0.4091
3 0.6119 0.4238 0.3032 0.2714 0.2338 0.2948 0.3211 0.2464 0.3004 0.4411 0.5696
4 0.4378 0.3555 0.2882 0.2683 0.2444 0.2864 0.3248 0.3068 0.3804 0.5641 0.7288
5 0.3154 0.3061 0.2791 0.2744 0.2679 0.2782 0.3283 0.3784 0.4586 0.6585 0.8377
6 0.2486 0.3076 0.2739 0.2804 0.3138 0.3563 0.4419 0.4819 0.5504 0.7296 0.8937
7 0.2157 0.3091 0.2760 0.3031 0.3882 0.4745 0.6092 0.6271 0.6704 0.8020 0.9294
8 0.2223 0.3106 0.2821 0.3383 0.4768 0.6075 0.7918 0.7830 0.7956 0.8678 0.9487
9 0.2289 0.3120 0.3118 0.3852 0.5654 0.7302 0.9512 0.9186 0.9030 0.9191 0.9513
10 0.2638 0.3134 0.3635 0.4430 0.6395 0.8175 1.0490 1.0028 0.9693 0.9481 0.9538
11 0.3310 0.4130 0.4550 0.5246 0.7028 0.8651 1.0440 1.0006 0.9647 0.9454 0.9352
12 0.4344 0.5605 0.5832 0.6306 0.7648 0.8898 1.0390 0.9984 0.9600 0.9163 0.8972
13 0.5508 0.7218 0.7213 0.7415 0.8201 0.8929 0.9800 0.9502 0.9169 0.8747 0.8521
14 0.6570 0.8630 0.8425 0.8378 0.8636 0.8940 0.9160 0.8975 0.8712 0.8346 0.8123
15 0.7300 0.9500 0.9200 0.9000 0.8900 0.8900 0.8700 0.8600 0.8400 0.8100 0.7900
16 0.7340 0.9517 0.9296 0.9086 0.8847 0.8750 0.8403 0.8351 0.8216 0.8131 0.7956
17 0.7380 0.9534 0.9392 0.9171 0.8794 0.8466 0.8115 0.8096 0.8045 0.8162 0.8012
18 0.7420 0.9078 0.9100 0.8941 0.8537 0.8128 0.7863 0.7875 0.7946 0.8193 0.8208
19 0.7460 0.8515 0.8699 0.8620 0.8246 0.7813 0.7673 0.7782 0.7893 0.8225 0.8423
20 0.7500 0.8000 0.8300 0.8300 0.8000 0.7600 0.7636 0.7768 0.7937 0.8305 0.8600
21 0.7189 0.7470 0.7832 0.7911 0.7772 0.7588 0.7652 0.7809 0.8027 0.8385 0.8714
22 0.6719 0.6822 0.7220 0.7394 0.7510 0.7576 0.7731 0.8064 0.8295 0.8546 0.8810
23 0.6185 0.6149 0.6572 0.6850 0.7254 0.7564 0.7918 0.8379 0.8618 0.8738 0.8905
24 0.5680 0.5544 0.5996 0.6385 0.7044 0.7552 0.8107 0.8682 0.8938 0.8957 0.9058
25 0.5300 0.5100 0.5600 0.6100 0.7019 0.7572 0.8201 0.8900 0.9200 0.9200 0.9300
26 0.5049 0.5016 0.5600 0.6093 0.6994 0.7592 0.8294 0.8960 0.9293 0.9419 0.9597
27 0.4865 0.4932 0.5600 0.6086 0.7070 0.7644 0.8345 0.9020 0.9391 0.9615 0.9922
28 0.4766 0.4848 0.5600 0.6246 0.7146 0.7696 0.8396 0.9080 0.9446 0.9862 1.0330
29 0.4689 0.4764 0.5600 0.6465 0.7223 0.7748 0.8448 0.9140 0.9618 1.0233 1.0871
30 0.4671 0.4747 0.5600 0.6700 0.7300 0.7800 0.8500 0.9200 1.0000 1.0800 1.1600
31 0.4710 0.4746 0.5750 0.8922 0.7559 0.8151 0.8887 0.8685 1.0594 1.1570 1.2524
32 0.4782 0.4813 0.5939 0.7157 0.7863 0.8598 0.9382 1.0314 1.1333 1.2495 1.3608
33 0.4928 0.4955 0.6193 0.7451 0.8247 0.9149 0.9993 1.1082 1.2215 1.3565 1.4840
34 0.5078 0.5176 0.6538 0.7850 0.8748 0.9814 1.0730 1.1979 1.3238 1.4770 1.6208
35 0.5200 0.5500 0.7000 0.8400 0.9400 1.0600 1.1600 1.3000 1.4400 1.6100 1.7700
36 0.5280 0.5964 0.7628 0.9158 1.0254 1.1543 1.2634 1.4152 1.5687 1.7500 1.9222
37 0.5360 0.6553 0.8404 1.0093 1.1285 1.2638 1.3827 1.5440 1.7102 1.8976 2.0781
38 0.5440 0.7210 0.9256 1.1119 1.2419 1.3830 1.5133 1.6852 1.8662 2.0612 2.2519
39 0.5520 0.7878 1.0112 1.2150 1.3582 1.5069 1.6506 1.8376 2.0389 2.2492 2.4578
40 0.5600 0.8500 1.0900 1.3100 1.4700 1.6300 1.7900 2.0000 2.2300 2.4700 2.7100
41 0.5932 0.9010 1.1534 1.3862 1.5668 1.7407 1.9196 2.1622 2.4319 2.7199 3.0086
42 0.6348 0.9447 1.2061 1.4495 1.6536 1.8426 2.0424 2.3249 2.6434 2.9934 3.3441
43 0.6848 0.9909 1.2611 1.5157 1.7460 1.9530 2.1764 2.5035 2.8758 3.2958 3.7163
44 0.7432 1.0494 1.3314 1.6006 1.8596 2.0897 2.3396 2.7134 3.1409 3.6329 4.1250
45 0.8100 1.1300 1.4300 1.7200 2.0100 2.2700 2.5500 2.9700 3.4500 4.0100 4.5700
46 0.8878 1.2370 1.5544 1.8678 2.1919 2.4922 2.8073 3.2710 3.7971 4.4147 5.0325
47 0.9765 1.3637 1.6960 2.0333 2.3950 2.7447 3.0994 3.6061 4.1746 4.8434 5.5126
48 1.0723 1.5039 1.8584 2.2259 2.6270 3.0301 3.4270 3.9787 4.5914 5.3146 6.0386
49 1.1714 1.6514 2.0452 2.4550 2.8961 3.3510 3.7903 4.3922 5.0569 5.8473 6.6383
50 1.2700 1.8000 2.2600 2.7300 3.2100 3.7100 4.1900 4.8500 5.5800 6.4600 7.3400
51 1.3629 1.9438 2.5071 3.0609 3.5746 4.1067 4.6210 5.3456 6.1547 7.1518 8.1466
52 1.4526 2.0871 2.7842 3.4414 3.9845 4.5394 5.0831 5.8768 6.7750 7.9103 9.0395
53 1.5470 2.2385 3.0846 3.8566 4.4311 5.0086 5.5837 6.4532 7.4498 8.7369 10.0141
Duration/
Issue Attained
Age 11 12 13 14 Ultimate Age
0 0.3300 0.3800 0.4600 0.6600 0.8391 15
1 0.3808 0.4178 0.4844 0.6628 1.0713 16
2 0.5423 0.5554 0.5950 0.7240 1.0196 17
3 0.7525 0.7379 0.7456 0.8136 0.9817 18
4 0.9491 0.9107 0.8896 0.9012 0.9569 19
5 1.0702 1.0190 0.9814 0.9568 0.9600 20
6 1.0794 1.0529 0.9769 0.9563 0.9600 21
7 1.0885 1.0490 0.9724 0.9558 0.9600 22
8 1.0464 1.0220 0.9679 0.9553 0.9600 23
9 0.9958 0.9867 0.9635 0.9549 0.9600 24
10 0.9561 0.9578 0.9590 0.9474 0.9600 25
11 0.9222 0.9298 0.9392 0.9400 0.9600 26
12 0.8811 0.8927 0.9111 0.9301 0.9600 27
13 0.6406 0.8551 0.8819 0.9202 0.9600 28
14 0.8081 0.8253 0.8588 0.9125 0.9600 29
15 0.8014 0.8222 0.8570 0.9101 0.9600 30
16 0.7947 0.8191 0.8551 0.9125 0.9600 31
17 0.8136 0.8422 0.8727 0.9203 0.9600 32
18 0.8406 0.8734 0.8973 0.9356 0.9700 33
19 0.8685 0.9052 0.9246 0.9556 0.9800 34
20 0.8900 0.9300 0.9500 0.9800 1.0000 35
21 0.8974 0.9383 0.9694 1.0062 1.0300 36
22 0.9052 0.9471 0.9855 1.0343 1.0700 37
23 0.9137 0.9520 1.0050 1.0683 1.1300 38
24 0.9226 0.9669 1.0343 1.1122 1.2000 39
25 0.9500 1.0000 1.0800 1.1700 1.2800 40
26 0.9902 1.0502 1.1396 1.2368 1.3700 41
27 1.0387 1.1119 1.2068 1.3100 1.4600 42
28 1.0981 1.1865 1.2912 1.3968 1.5500 43
29 1.1710 1.2754 1.3904 1.5044 1.6500 44
30 1.2600 1.3800 1.5100 1.6400 1.7800 45
31 1.3644 1.4976 1.6476 1.8028 1.9400 46
32 1.4824 1.6279 1.6008 1.9880 2.1600 47
33 1.6152 1.7741 1.9732 2.1968 2.4200 48
34 1.7640 1.9402 2.1684 2.4304 2.7300 49
35 1.9300 2.1300 2.3900 2.6900 3.0600 50
36 2.1004 2.3302 2.6214 2.9524 3.4200 51
37 2.2744 2.5381 2.8601 3.2168 3.7800 52
38 2.4712 2.7739 3.1311 3.5180 4.1100 53
39 2.7100 3.0578 3.4594 3.8908 4.4500 54
40 3.0100 3.4100 3.8700 4.3700 4.8800 55
41 3.3806 3.8389 4.3737 4.9746 5.4400 56
42 3.8091 4.3310 4.9538 5.6815 6.2100 57
43 4.2813 4.8738 5.5942 6.4621 7.1800 58
44 4.7830 5.4543 6.2783 7.2878 8.3000 59
45 5.3000 6.0600 6.9900 8.1300 9.4800 60
46 5.7999 6.6636 7.7070 8.9690 10.6300 61
47 6.2922 7.2736 8.4401 9.8237 11.7000 62
48 6.6854 7.9308 9.2227 10.7239 12.6800 63
49 7.4485 8.6760 10.0882 11.6994 13.6300 64
50 8.2100 9.5500 11.0700 12.7800 14.6400 65
51 9.1193 10.5469 12.1411 13.9138 15.8000 66
52 10.1438 11.6394 13.2794 15.0809 17.1000 67
53 11.2698 12.8366 14.5250 16.3591 18.4700 68
Duration/
Issue
Age 0 1 2 3 4 5 6 7 8 9 10
54 1.6535 2.4066 3.4021 4.2911 4.9058 5.5153 6.1302 7.0844 8.1885 9.6330 11.0658
55 1.7800 2.6000 3.7300 4.7300 5.4000 6.0600 6.7300 7.7800 9.0000 10.6000 12.1900
56 1.9211 2.8220 4.0836 5.1937 5.9266 6.6489 7.3818 8.5274 9.8586 11.5986 13.3284
57 2.0718 3.0668 4.4672 5.6922 6.4913 7.2814 8.0805 9.3201 10.7583 12.6279 14.4840
58 2.2398 3.3296 4.8580 6.1950 7.0747 7.9486 8.8283 10.1771 11.7377 13.7469 15.7444
59 2.4333 3.6056 5.2332 6.6711 7.6574 8.6411 9.6274 11.1174 12.8354 15.0146 17.1972
60 2.6600 3.8900 5.5700 7.0900 8.2200 9.3500 10.4800 12.1600 14.0900 16.4900 18.9300
61 2.9270 4.1676 5.8121 7.3663 8.6720 9.9798 11.2857 13.2126 15.4237 18.1081 20.9182
62 3.2291 4.4418 5.9746 7.5206 9.0264 10.5367 12.0430 14.2627 16.8106 19.8294 23.1033
63 3.5557 4.7348 6.1422 7.6806 9.4188 11.1637 12.9026 15.4485 18.3678 21.7518 25.5223
64 3.8962 5.0700 6.3991 7.9745 9.9848 12.0038 14.0147 16.9082 20.2119 23.9727 28.2122
65 4.2400 5.4700 6.8300 8.5300 10.8600 13.2000 15.5300 18.7800 22.4600 26.5900 31.2100
66 4.5784 5.9113 7.4194 9.3454 12.0727 14.8106 17.5354 21.1384 25.1542 29.5860 34.3969
67 4.9184 6.3786 8.1111 10.3355 13.5326 16.7403 19.9307 23.8912 28.2167 32.8956 37.7482
68 5.2732 6.9074 8.9281 11.5029 15.1970 18.9017 22.5853 26.9268 31.5841 36.5452 41.4422
69 5.6560 7.5327 9.8934 12.8502 17.0237 21.2074 25.3686 30.1336 35.1930 40.5612 45.6567
70 6.0800 8.2900 11.0300 14.3800 18.9700 23.5700 28.1500 33.4000 38.9800 44.9700 50.5700
71 6.5397 9.1635 12.3052 16.0451 20.9776 25.9165 30.8400 36.6249 42.8342 49.6475 56.0513
72 7.0262 10.1298 13.7037 17.8436 23.0747 28.3051 33.5257 39.6827 46.7977 54.5761 61.9818
73 7.5480 11.2123 15.2745 19.8466 25.3490 30.8455 36.3413 43.3251 51.0371 59.9419 68.5576
74 8.1131 12.4346 17.0669 22.1251 27.8882 33.6472 39.4213 47.1036 55.7190 65.9312 75.9750
75 8.7300 13.8200 19.1300 24.7500 30.7600 36.8200 42.9000 51.3700 61.0100 72.7300 84.4300
76 9.4910 15.6638 21.9397 28.3196 34.6125 40.9597 47.3957 56.8977 67.9061 81.7093 95.7363
77 10.2520 17.5076 24.7493 31.8893 38.4450 45.0994 51.8915 62.4253 74.8022 90.6885 107.0426
78 11.0130 19.3513 27.5590 35.4589 42.2775 49.2391 56.3872 67.9530 81.6983 99.6678 118.3489
79 11.7740 21.1951 30.3687 39.0286 46.1100 53.3788 60.8829 73.4806 88.5944 108.6470 129.6552
80 12.5350 23.0389 33.1783 42.5962 49.9425 57.5186 65.3787 79.0083 95.4905 117.6263 140.9615
Duration/
Issue Attained
Age 11 12 13 14 Ultimate Age
54 2.4831 14.1471 15.9185 17.8262 19.9500 69
55 13.7700 15.5800 17.5000 19.5600 21.6700 70
56 15.0491 17.0478 19.1810 21.4735 23.7500 71
57 16.3298 18.5447 20.9345 23.5150 26.2400 72
58 17.7338 20.2017 22.8935 25.8146 29.0300 73
59 19.3833 22.1498 25.1910 28.5029 32.1600 74
60 21.4000 24.5200 27.9600 31.7100 35.7300 75
61 23.8016 27.3169 31.1772 35.3722 39.8500 76
62 26.5068 30.4530 34.7540 39.4025 44.5600 77
63 29.4892 33.9218 38.7252 43.8967 49.7500 78
64 32.7224 37.7163 43.1256 48.9506 55.4700 79
65 36.1800 41.8300 47.9900 54.6600 61.8200 80
66 39.6714 46.0598 53.1208 60.8483 68.9400 81
67 43.2143 50.4101 58.4948 67.4518 76.9000 82
68 47.0945 55.1855 64.4084 74.7350 85.6600 83
69 51.5978 60.6906 71.1580 82.9629 95.1800 84
70 57.0100 67.2300 79.0400 92.4000 106.2900 85
71 63.1963 74.6285 87.8288 103.0635 119.5200 86
72 69.9660 82.6832 97.3269 114.7770 134.1000 87
73 77.5216 91.6567 107.8725 127.5147 149.5100 88
74 86.0655 101.8114 119.8041 141.2509 165.2000 89
75 95.8000 113.4100 133.4600 155.9600 180.9500 90
76 108.8366 128.9902 151.8378 173.6219 197.0000 91
77 121.8732 144.5703 170.2155 191.2838 213.4500 92
78 134.9098 160.1505 188.5933 208.9456 230.1200 93
79 147.9464 175.7307 206.9711 226.6075 246.8300 94
80 160.9830 191.3108 225.3488 244.2694 263.1900 95
279.2900 96
295.8000 97
312.7300 98
330.0600 99
364.0500 100
427.5800 101
517.9300 102
651.1400 103
817.2900 104
1,000.0000 105
1,000.0000 106
1,000.0000 107
1,000.0000 108
1,000.0000 109
1,000.0000 110
1,000.0000 111
1,000.0000 112
1,000.0000 113
1,000.0000 114
1,000.0000 115
1,000.0000 116
1,000.0000 117
1,000.0000 118
1,000.0000 119
91 ▇▇▇▇▇, Male Smoker
Duration/
Issue
Age 0 1 2 3 4 5 6 7 8 9 10
0 1.5867 0.9917 0.6658 0.5950 0.5242 0.4533 0.4392 0.3967 0.3825 0.3825 0.3967
1 1.4315 0.8855 0.5803 0.5128 0.4427 0.3765 0.4444 0.3445 0.3514 0.3994 0.4549
2 1.1806 0.7575 0.5099 0.4524 0.3870 0.3318 0.4496 0.3400 0.3806 0.5021 0.0192
3 0.8933 0.6268 0.4549 0.4122 0.3577 0.3197 0.4548 0.3755 0.4520 0.6513 0.8334
4 0.6290 0.5125 0.4156 0.3906 0.3550 0.3403 0.4600 0.4435 0.5477 0.8079 1.0413
5 0.4468 0.4336 0.3924 0.3923 0.3795 0.3941 0.4651 0.5361 0.6497 0.9329 1.1867
6 0.3499 0.4357 0.3757 0.3939 0.4397 0.5006 0.6214 0.6782 0.7752 1.0291 1.2620
7 0.2986 0.4378 0.3756 0.4155 0.5352 0.6595 0.8492 0.8749 0.9363 1.1226 1.3045
8 0.3068 0.4399 0.3755 0.4574 0.6533 0.8415 1.1010 1.0890 1.1070 1.2090 1.3258
9 0.3150 0.4419 0.4206 0.5259 0.7811 1.0175 1.3291 1.2833 1.2613 1.2840 1.3376
10 0.3737 0.4440 0.5150 0.6276 0.9060 1.1581 1.4861 1.4206 1.3732 1.3431 1.3512
11 0.4937 0.6360 0.6950 0.7922 1.0446 1.2677 1.4914 1.4949 1.4393 1.3860 1.3577
12 0.6779 0.9200 0.9512 1.0155 1.2055 1.3657 1.4968 1.5310 1.4770 1.4154 1.3641
13 0.8827 1.2316 1.2289 1.2527 1.3636 1.4457 1.5036 1.5278 1.4822 1.4322 1.3682
14 1.0646 1.5064 1.4734 1.4591 1.4935 1.5013 1.5118 1.5245 1.4873 1.4311 1.3699
15 1.1800 1.6800 1.6300 1.5900 1.5700 1.5042 1.5200 1.5000 1.4700 1.4300 1.3651
16 1.1875 1.7321 1.6818 1.5990 1.5785 1.5071 1.4723 1.4525 1.4272 1.4032 1.3578
17 1.1949 1.7055 1.6651 1.6079 1.5358 1.4486 1.3999 1.3760 1.3557 1.3559 1.3352
18 1.1462 1.6308 1.6055 1.5484 1.4639 1.3699 1.3174 1.2883 1.2735 1.3010 1.3103
19 1.0903 1.5388 1.5286 1.4745 1.3846 1.2906 1.2393 1.2070 1.1989 1.2514 1.2898
20 1.0500 1.4600 1.4600 1.4100 1.3200 1.2300 1.1800 1.1500 1.1500 1.2200 1.2808
21 1.0253 1.3870 1.3908 1.3463 1.2639 1.1845 1.1359 1.1420 1.1540 1.2260 1.2702
22 1.0011 1.2995 1.3040 1.2878 1.2018 1.1413 1.0974 1.1340 1.1580 1.2320 1.2660
23 0.9772 1 2084 1.2128 1.1870 1.1426 1.1056 1.0698 1.1260 1.1620 1.2380 1.2602
24 0.9536 1.1249 1.1304 1.1169 1.0957 1.0827 1.0699 1.1180 1.1660 1.2440 1.2854
25 0.9300 1.0600 1.0700 1.0700 1.0700 1.0853 1.0700 1.1100 1.1700 1.2500 1.3500
26 0.9038 1.0150 1.0310 1.0760 1.0696 1.0878 1.1019 1.1630 1.2410 1.3429 1.4617
27 0.8750 0.9824 1.0045 1.O820 1.0692 1.1088 1.1510 1.2363 1.3349 1.4682 1.6110
28 0.8477 0.9604 0.9988 1.0880 1.0916 1.1461 1.2190 1.3301 1.4503 1.6182 1.7866
29 0.8259 0.9509 1.0008 1.0940 1.1340 1.2048 1.3081 1.4446 1.5858 1.7847 1.9767
30 0.8172 0.9427 1.0100 1.1000 1.2000 1.2900 1.4200 1.5800 1.7400 1.9600 2.1700
31 0.8106 0.9399 1.0392 1.1620 1.2906 1.4048 1.5578 1.7391 1.9131 2.1382 2.3563
32 0.8115 0.9436 1.0800 1.2416 1.4033 1.5457 1.7203 1.9218 2.1062 2.3247 2.5434
33 0.8145 0.9492 1.1372 1.3412 1.5367 1.7082 1.9029 2.1238 2.3186 2.5281 2.7462
34 0.8340 0.9775 1.2156 1.4632 1.6894 1.8878 2.1010 2.3413 2.5501 2.7570 2.9801
35 0.8700 1.0300 1.3200 1.6100 1.8600 2.0800 2.3100 2.5700 2.8000 3.0200 3.2600
36 0.9213 1 1094 1.4549 1.7858 2.0479 2.2806 2.5222 2.7982 3.0553 3.3047 3.5705
37 0.9851 1.2113 1.6170 1.9889 2.2542 2.4927 2.7405 3.0285 3.3162 3.6054 3.9014
38 1.0633 1.3314 1.7998 2.2131 2.4794 2.7225 2.9767 3.2787 3.6026 3.9406 4.2762
39 1.1576 1.4657 1.9963 2.4522 2.7245 2.9762 3.2426 3.5666 3.9339 4.3293 4.7179
40 1.2700 1.6100 2.2000 2.7000 2.9900 3.2600 3.5500 3.9100 4.3300 4.7900 5.2500
41 1.4071 1.7591 2.4023 2.9457 3.2667 3.5647 3.8921 4.3090 4.7988 5.3415 5.9105
42 1.5678 1.9158 2.6078 3.1934 3.5542 3.8862 4.2610 4.7517 5.3272 5.9714 6.6838
43 1.7418 2.0878 2.8290 3.4594 3.8662 4.2382 4.6670 5.2379 5.9032 6.6514 7.5130
44 1.9193 2.2833 3.0789 3.7595 4.2169 4.6349 5.1199 5.7674 6.5148 7.3537 8.3407
45 2.0900 2.5100 3.3700 4.1100 4.6200 5.0900 5.6300 6.3400 7.1500 8.0500 9.1100
46 2.2362 2.7568 3.6920 4.5038 5.0766 5.6143 6.2108 6.9638 7.8040 8.7122 9.7616
47 2.3647 3.0184 4.0364 4.9301 5.5773 6.1986 6.8556 7.6389 8.4848 9.3591 10.3336
48 2.5021 3.3116 4.4188 5.3995 6.1207 6.8266 7.5440 8.3531 9.1996 10.0329 10.9148
49 2.6750 3.6532 4.8548 5.9226 6.7054 7.4825 8.2556 9.0942 9.9556 10.7758 11.5940
50 2.9100 4.0600 5.3600 6.5100 7.3300 8.1500 8.9700 9.8500 10.7600 11.6300 12.4600
51 3.2064 4.5467 5.9557 7.1814 7.9952 8.8103 9.6608 10.5777 11.5594 12.5375 13.4350
52 3.5464 5.1022 6.6314 7.9299 8.7020 9.4742 10.3416 11.2854 12.3489 13.4702 14.4599
53 3.9312 5.7042 7.3554 8.7257 9.4492 10.1698 11.0520 12.0374 13.2087 14.5150 15.6513
Duration/
Issue Attained
Age 11 12 13 14 Ultimate Age
0 0.4675 0.5383 0.6517 0.9350 1.1887 15
1 0.5748 0.6271 0.7215 0.9741 1.5177 16
2 0.8080 0.8264 0.8827 1.0650 1.4444 17
3 1.0924 1.0718 1.0827 1.1785 1.3907 18
4 1.3534 1.2990 1.2694 1.2851 1.3556 19
5 1.5161 1.4436 1.3903 1.3555 1.3600 20
6 1.5237 1.4886 1.3838 1.3563 1.3600 21
7 1.5312 1.4768 1.3773 1.3571 1.3600 22
8 1.4661 1.4339 1.3708 1.3579 1.3600 23
9 1.3963 1.3854 1.3642 1.3587 1.3600 24
10 1.3545 1.3569 1.3572 1.3594 1.3600 25
11 1 3514 1.3520 1.3521 1.3593 1.3600 26
12 1.3484 1.3472 1.3465 1.3590 1.3600 27
13 1.3468 1.3444 1.3430 1.3580 1.3600 28
14 1.3468 1.3437 1.3416 1.3562 1.3600 29
15 1.3449 1.3450 1.3407 1.3576 1.3600 30
16 1.3445 1.3483 1.3412 1.3570 1.3600 31
17 1.3423 1.3537 1.3449 1.3631 1.3700 32
18 1.3401 1.3591 1.3479 1.3679 1.4000 33
19 1.3379 1.3646 1.3650 1.3917 1.4400 34
20 1.3402 1.3700 1.4000 1.4400 1.5000 35
21 1.3408 1.3959 1.4486 1.5126 1.5900 36
22 1.3514 1.4236 1.5067 1.6035 1.7000 37
23 1.3604 1.4644 1.5805 1.7132 1.8500 38
24 1.4003 1.5295 1.6762 1.8419 2.0300 39
25 1.4800 1.6300 1.8000 1.9900 2.2200 40
26 1.6073 1.7714 1.9531 2.1531 2.4200 41
27 1.7726 1.9463 2.1314 2.3310 2.6300 42
28 1.9643 2.1465 2.3330 2.5302 2.8200 43
29 2.1706 2.3838 2.5565 2.7577 3.0200 44
30 2.3800 2.5900 2.8000 3.0200 3.2600 45
31 2.5791 2.8098 3.0478 3.3022 3.5500 46
32 2.7758 3.0287 3.3009 3.5997 3.9100 47
33 2.9898 3.2697 3.5831 3.9351 4.3300 48
34 3.2413 3.5558 3.9182 4.3310 4.8100 49
35 3.5500 3.9100 4.3300 4.8100 5.3400 50
36 3.9018 4.3218 4.8131 5.3739 5.9600 51
37 4.2833 4.7759 5.3518 6.0078 6.6600 52
38 4.7159 5.2881 5.9538 6.7086 7.4600 53
39 5.2210 5.8742 6.6273 7.4737 8.3300 54
40 5.8200 6.5500 7.3800 8.3000 9.2700 55
41 6.5598 7.3530 8.2298 9.1746 10.2700 56
42 7.4263 8.2727 9.1713 10.0995 11.3000 57
43 8.3489 9.2529 10.1779 11.0941 12.3100 58
44 9.2570 10.2374 11.2230 12.1778 13.3700 59
45 10.0800 11.1700 12.2800 13.3700 14.5600 60
46 10.7270 11.9618 13.2694 14.6124 15.9900 61
47 11.2449 12.6503 14.2091 15.8920 17.6900 62
48 11.7703 13.3689 15.2181 17.2964 19.6200 63
49 12.4398 14.2510 16.4154 18.9132 21.7500 64
50 13.3900 15.4300 17.9200 20.8300 24.1300 65
51 14.5525 16.8398 19.6850 23.0257 26.7700 66
52 15.8362 18.3913 21.6309 25.4418 29.7000 67
53 17.3438 20.1839 23.8283 28.1102 32.9200 68
Duration/
Issue
Age 0 1 2 3 4 5 6 7 8 9 10
54 4.3620 6.3309 8.0955 9.5390 10.2356 10.9257 11.8316 12.8975 14.2190 15.7593 17.1258
55 4.8400 6.9600 8.8200 10.3400 11.0600 11.7700 12.7200 13.9300 15.4600 17.2900 19.0000
56 5.3849 7.5847 9.5192 11.1210 11.9285 12.7230 13.7318 15.1689 16.9826 19.1597 21.3745
57 5.9958 8.2198 10.2144 11.9017 12.8418 13.7657 14.8405 16.5714 18.7335 21.3102 24.1714
58 6.6434 8.8754 10.9200 12.6939 13.7910 14.8679 16.0243 18.0866 20.6361 23.6630 27.2402
59 7.2979 9.5621 11.6504 13.5094 14.7667 15.9994 17.2614 19.6631 22.6138 26.1391 30.4299
60 7.9300 10.2900 12.4200 14.3600 15.7600 17.1300 18.5300 21.2500 24.5900 28.6600 33.5900
61 8.4908 11.0470 13.2189 15.2219 16.7103 18.1084 19.6473 22.6542 26.3891 31.1470 36.6951
62 9.0000 11.8263 14.0374 16.0874 17.6238 18.9548 20.6278 23.9099 28.0622 33.6527 39.8458
63 9.5308 12.6461 14.8906 16.9918 18.5910 19.8960 21.7458 25.3065 29.8726 36.2949 43.0798
64 10.1564 13.5246 15.7931 17.9709 19.7029 21.1588 23.2751 27.1334 32.0841 39.1914 46.4353
65 10.9500 14.4800 16.7600 19.0600 21.0500 22.9700 25.4900 29.6800 34.9600 42.4600 49.9500
66 11.9428 15.4791 17.6877 20.1315 22.5390 25.4058 28.5298 33.0830 38.5876 46.0317 53.4221
67 13.0860 16.5098 18.5662 21.1618 24.1093 28.3149 32.2117 37.1495 42.7912 49.8278 56.8262
68 14.3328 17.6218 19.5510 22.3422 25.9011 31.5831 36.3267 41.6745 47.4400 53.9522 60.4654
69 15.6364 18.8653 20.7971 23.8645 28.0546 35.0962 40.6658 46.4530 52.4032 58.5083 64.6423
70 16.9500 20.2900 22.4600 25.9200 30.7100 38.7400 45.0200 51.2800 57.5500 63.6000 69.6600
71 18.2434 21.8839 24.5345 28.4926 33.8249 42.4160 49.2565 56.0150 62.7491 69.1431 75.4815
72 19.5479 23.6136 26.9170 31.4547 37.3058 46.2005 53.5148 60.7946 68.0876 75.0685 81.9049
73 20.9086 25.4975 29.6153 34.8305 41.2163 50.2409 57.9938 65.8298 73.7626 81.5024 88.9856
74 22.3709 27.5535 32.6371 38.6442 45.6198 54.6849 62.8925 71.3312 79.9711 88.5708 96.7789
75 23.9800 29.8000 35.9900 42.9200 50.5800 59.6800 68.4100 77.5100 86.9100 96.4000 105.3400
76 25.9691 32.5935 40.3261 46.5499 57.1253 66.1317 75.5184 85.4394 95.7777 106.3431 116.1311
77 27.9583 35.3869 44.6622 54.1799 63.6705 72.5835 82.6269 93.3687 104.6454 116.2863 126.9221
78 29.9474 38.1804 48.9983 59.8098 70.2158 79.0352 89.7353 101.2981 113.5131 126.2294 137.7132
79 31.9365 40.9739 53.3344 65.4398 76.7610 85.4869 96.8438 109.2274 122.3808 136.1726 148.5043
80 33.9257 43.7674 57.6705 71.0697 83.3063 91.9386 103.9522 117.1568 131.2484 146.1157 159.2954
Duration/
Issue Attained
Age 11 12 13 14 Ultimate Age
54 19.1775 22.3170 26.3478 31.0623 36.4000 69
55 21.4400 24.8900 29.2600 34.3300 40.1100 70
56 24.2485 28.0174 32.6566 37.9710 44.0200 71
57 27.5346 31.6329 36.4907 41.9641 48.1100 72
58 31.1226 35.5647 40.6245 46.2227 52.3900 73
59 34.8363 39.6410 44.9202 50.6602 56.8700 74
60 38.5000 43.6900 49.2400 55.1900 61.5500 75
61 42.1442 47.7458 53.5987 59.7886 66.4400 76
62 45.8861 51.9231 58.0882 64.5139 71.5100 77
63 49.6799 56.1705 62.6862 69.4009 76.7300 78
64 53.4798 60.4366 67.3709 74.4846 82.1300 79
65 57.2400 64.6700 72.1200 79.8000 87.8200 80
66 60.6071 68.4839 76.5272 84.9418 93.9200 81
67 63.6118 71.9128 80.6072 89.8865 100.4100 82
68 66.7838 75.5362 84.9696 95.2423 107.1800 83
69 70.6533 79.9353 90.2240 101.6174 114.2900 84
70 75.7500 85.6900 96.9800 109.6200 123.5800 85
71 82.0795 92.8058 105.2254 119.4822 136.0000 86
72 89.2886 100.8957 114.5539 130.7987 150.0000 87
73 97.3689 109.9518 124.9837 143.2211 164.7400 88
74 106.3121 119.9659 136.5330 156.4010 179.3700 89
75 116.1100 130.9300 149.2200 169.9900 193.3400 90
76 128.4828 144.7549 165.2960 185.2710 206.7500 91
77 140.8556 158.5798 181.3720 200.5520 220.0800 92
78 153.2284 172.4047 197.4480 215.8330 233.7000 93
79 165.6012 186.2296 213.5240 231.1140 247.9500 94
80 177.9740 200.0544 229.6000 246.3950 263.1900 95
279.2900 96
295.8000 97
312.7300 98
330.0600 99
364.0500 100
427.5800 101
517.9300 102
651.1400 103
817.2900 104
1,000.0000 105
1,000.0000 106
1,000.0000 107
1,000.0000 108
1,000.0000 109
1,000.0000 110
1,000.0000 111
1,000.0000 112
1,000.0000 113
1,000.0000 114
1,000.0000 115
1,000.0000 116
1,000.0000 117
1,000.0000 118
1,000.0000 119
Effective June 1,199*
VARIABLE UNIVERSAL LIFE INSURANCE
WAIVER OF MONTHLY DEDUCTION (WMD)
MALE/FEMALE
NON-SMOKER/SMOKER
--------------------------------------------------------------------------------------
AGE COST PER $1.00 MONTHLY DEDUCTION AGE COST PER $1.00 MONTHLY DEDUCTION
--------------------------------------------------------------------------------------
15 0.050 40 0.082
16 0.050 41 0.087
17 0.050 42 0.092
18 0.050 43 0.097
19 0.050 44 0.103
20 0.050 45 0.109
21 0.050 46 0.118
22 0.050 47 0.128
23 0.050 48 0.138
24 0.050 49 0.149
25 0.050 50 0.161
26 0.050 51 0.173
27 0.050 52 0.186
28 0.050 53 0.199
29 0.050 54 0.213
30 0.050 55 0.227
31 0.053 56 0.240
32 0.056 57 0.253
33 0.059 58 0.265
34 0.062 59 0.277
35 0.066
36 0.069
37 0.072
38 0.075
39 0.078
--------------------------------------------------------------------------------------
Waiver of Monthly Deduction
USAA CCN: 114531
NOVATION AMENDMENT TO
REINSURANCE AGREEMENT(S)
SHOWN IN THE ATTACHED LISTS
between
USAA LIFE INSURANCE COMPANY
of
San Antonio, Texas
and
AMERICAN PHOENIX LIFE AND REASSURANCE COMPANY
of
Hartford, Connecticut
(Administrative Offices in Enfield, Connecticut)
The reinsurance agreements shown in the attached lists are amended as follows:
This amendment causes the liability of American Phoenix Life and Reassurance
Company to be assumed by ERC Life Reinsurance Corporation, of Overland Park,
Kansas.
As respects interests and liabilities outstanding as of January 1, 2000 and
incurred thereafter, American Phoenix Life and Reassurance Company is deleted
and ERC Life Reinsurance Corporation is substituted therefor.
This Agreement is now between USAA Life Insurance Company and ERC Life
Reinsurance Corporation without otherwise affecting its provisions.
In witness whereof, this Amendment is signed in duplicate on the dates
indicated by an officer of the companies.
USAA LIFE INSURANCE COMPANY AMERICAN PHOENIX LIFE AND
REASSURANCE COMPANY
Approved by: _____________________ Approved by: ______________________________
Title: VP - ACTUARY Title: VICE PRESIDENT & REINSURANCE ACTUARY
Date: *** 29, 1999 Date: NOV 10 1999
ERC LIFE REINSURANCE CORPORATION
Approved by: _____________________
Title: Assistant Secretary, Treaties
Date: November 9, 1999
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COMPANY EFFECTIVE
NO. COMPANY NAME TREATY NO. TREATY TYPE DATE
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5251 USAA Life 2673 Auto Net Rate YRT 6/1/98
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[LOGO OF USAA] USAA LIFE INSURANCE COMPANY
USAA(R) ============================================================
December 30, 1998
▇▇. ▇▇▇▇▇ ▇. ▇▇▇▇
Reinsurance Contract Administrator
Phoenix Home Life Insurance Co.
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▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇
RE: VUL Yearly Renewable Term (effective 6-1-98)
Dear ▇▇▇▇▇:
Enclosed is your signed copy of the above agreement. I appreciate your prompt
and accurate response to treaty term issues discussed between you and ▇▇▇▇▇▇▇.
I have retained our copy for our files. If you have any questions, please do
not hesitate to contact me at (▇▇▇) ▇▇▇-▇▇▇▇.
Sincerely,
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇▇ ▇. ▇▇▇▇▇▇
AVP Actuary
▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ 1-800-531-8000
In San Antonio 498-8000
31710-0198
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PHOENIX HOME LIFE MUTUAL ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Phone ▇▇▇ ▇▇▇-▇▇▇▇
INSURANCE COMPANY ▇▇ ▇▇▇ ▇▇▇▇ Toll Free ▇▇▇ ▇▇▇-▇▇▇▇
AMERICAN PHOENIX LIFE AND ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇-▇▇▇▇ Internet ▇▇▇.▇▇▇.▇▇▇
REASSURANCE COMPANY
PHOENIX LIFE AND REASSURANCE
COMPANY OF NEW YORK
[LOGO OF PHOENIX] PHOENIX
December 18, 1998
▇▇. ▇▇▇▇▇▇▇ ▇. ▇▇▇
USAA Life Insurance Company
▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇
Re: Treaty No(s). 2673
Dear ▇▇▇▇▇▇▇:
We have added Waiver of Monthly Deduction benefits to the above treaty as
requested during our phone conversation of December 3, 1998. Enclosed please
find two copies of Exhibit A and Exhibit C that will replace the current
Exhibit A and C now in your possession.
If you have any questions or comments please do not hesitate to call me at
▇-(▇▇▇)-▇▇▇-▇▇▇▇.
Sincerely,
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇
▇▇▇▇▇ ▇. ▇▇▇▇
Reinsurance Contract Administrator
Reinsurance Sales
cc: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Enclosure
[LOGO OF SPECIAL OLYMPICS] SPECIAL OLYMPICS
INTERNATIONAL/PROUD WORLDWIDE PARTNER
PHOENIX HOME LIFE MUTUAL ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Phone 860403-1000
INSURANCE COMPANY ▇▇ ▇▇▇ ▇▇▇▇ Toll Free ▇▇▇ ▇▇▇-▇▇▇▇
AMERICAN PHOENIX LIFE AND ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇-▇▇▇▇ Internet ▇▇▇.▇▇▇.▇▇▇
REASSURANCE COMPANY
PHOENIX LIFE AND REASSURANCE
COMPANY OF NEW YORK
[LOGO OF PHOENIX] PHOENIX
June 4, 1998
▇▇. ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, FSA
Assistant Vice President
Annuities/Life Products Actuary
USAA Life Insurance Company
USAA Building ▇-▇-▇
▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇
Re: Agreement covering USAA's VUL plan
Dear ▇▇▇▇▇,
Enclosed you will find two copies of PHL Treaty No. 2673 covering your VUL plan
on a first dollar basis.
If you have any questions or comments, please feel free to contact me at
(▇▇▇)▇▇▇-▇▇▇▇. Otherwise, please countersign both copies of the treaty and
return one to my attention.
Sincerely,
/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇▇
Reinsurance Contract Administrator
[LOGO OF SPECIAL OLYMPICS] SPECIAL OLYMPICS
INTERNATIONAL/PROUD WORLDWIDE PARTNER
[LOGO OF USAA] USAA LIFE INSURANCE COMPANY
USAA(R) ============================================================
05/11/98
▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Phoenix Home Life Mutual Insurance Company
▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Dear ▇▇▇▇▇:
Thanks for your prompt action in providing a reinsurance proposal for our new
VUL product. I would also like to thank you for the prompt manner in which you
revised quotes based on our conversations. Based on your final proposal and the
percentages (shown below) as applied to the YRT table I supplied to you, I'd
like to offer you the following quota shares of our new products, contingent
upon agreeable treaty terms.
QUOTA SHARES
PRODUCT = VUL
Your share of the Pool is 5.0%
First year factors in your offer were 0% with the following renewal factors to
be applied to the YRT table I provided to you:
RENEWAL FACTORS
PRODUCT = VUL
Preferred Ultra 34.0%
Preferred Plus 43.0%
Preferred 60.0%
Standard Plus 47.0%
Standard 64.0%
These factors are applied to the appropriate class and premium band of the
contract being reinsured.
The treaty should be prepared on a 1st dollar quota share coinsurance basis.
USAA will retain 10% of the risk and the remainder will be ceded to a Pool. The
maximum amount of life reinsurance added to the pool on an automatic basis
should be $6,600,000. Your portion of the pool will be proportional to your
quota share for each product. The 10% retained risk should not exceed our
maximum retention limits for Military and Non-Military lives. In addition I
would like you to consider a Jumbo Risk Limit of $25,000,000. However is that
exceeds your capacity then I will accept $10,000,000.
As we discussed, I believe it would be advantageous and certainly desirable on
USAA's part to draft a contract with an effective date of June 1, 1998. If that
effective date is mutually
▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ 1-800-531-8000 In San
Antonio 498-8000
31710-0198
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[LOGO OF USAA] USAA LIFE INSURANCE COMPANY
USAA(R) ============================================================
acceptable, please draft the appropriate contract forms using that information.
The final contracts will of course be subject to review and approval by both
parties.
Sincerely,
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇▇ ▇. ▇▇▇▇▇▇
AVP - Actuarial Support & Management Accounting
▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ 1-800-531-8000
In San Antonio 498-8000
31710-0198
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