Exhibit (g)(i)
REINSURANCE AGREEMENT
NUMBER 3002
Between
The Guardian Insurance & Annuity Company, Inc.
Wilmington, Delaware
and
The Guardian Life Insurance Company of America
New York, New York
Reinsurance Agreement
Specifications Page
Ceding Company: The Guardian Insurance & Annuity Company, Inc.
Reinsurer: The Guardian Life Insurance Company of America
Treaty Number: 3002
Effective Date: Issues of 9/l/95 or later
Type of Business: Variable Life and Associated Waiver of Premium
and Term riders
Reporting: Self Administered
Plan of Reinsurance: Risk Premium Reinsurance (RPR)
Limit Per Life: $15,000,000 at most ages. Refer to Exhibit C.
Jumbo Limit: $15,000,000 at most ages. Refer to Exhibit C.
Minimum Cession: $25,000
Premium Tax: Not reimbursed
Recapture: After 10 policy years.
In the event of any conflict between this Specifications Page and the terms of
the Reinsurance Treaty, the terms and conditions of the Treaty shall govern.
Table of Contents
Article Title Page
------- ----- ----
I Reinsurance Coverage 1
II Facultative Submissions 1
III Company Data 2
IV Liability 2
V Plan of Insurance 2
VI Minimum Amounts 2
VII Premiums and Allowances 3
VIII Payments of Premiums 3
IX Policy Changes, Reductions
Terminations 4
X Reinstatements 5
XI Changes in Retention and
Recapture 5
XII Settlement of Claims 6
XIII Premium Tax Credit 7
XIV Experience Refund 7
XV DAC Tax 7
XVI Oversights 8
XVII Insolvency 8
XVIII Assignment of Reinsurance 9
XIX Arbitration 9
XX Inspection of Records 10
XXI Offset 10
XXII Parties to the Agreement 10
XXIII Agreement 11
XXVI Duration of Agreement 11
XXIV Execution Agreement 11
Exhibit Title
------- -----
A Plans Covered under this Agreement
B Retention Schedule
C Automatic & Jumbo Limits
D Premium Rates
E Reporting Requirements
This is an agreement between The Guardian Insurance & Annuity Company, Inc., a
corporation organized under the laws of the State of Delaware, hereafter
referred to as the "ceding company" and The Guardian Life Insurance Company of
America, a corporation organized under the laws of the State of New York,
hereafter referred to as The Guardian.
Article I: Reinsurance Coverage
The excess of Individual Life Insurance and Waiver of Premium benefits issued
directly by the ceding company on plans listed in Exhibit A shall be reinsured
with The Guardian.
The ceding company can automatically bind The Guardian under the following
conditions:
1. The ceding company retains its maximum retention as shown in Exhibit B.
2. The total amount of reinsurance ceded on a life by the ceding company to
The Guardian is not in excess of the amounts shown in Exhibit C.
3. The amount of life insurance in force plus the amount currently being
applied for on that life in all companies does not exceed the jumbo limit
set forth in Exhibit C.
4. The substandard mortality rating does not exceed 500% or its equivalent on
an extra premium basis.
5. The risk has not been submitted to another reinsurer facultatively.
6. The life insurance was issued in accordance with the ceding company's
normal underwriting rules and practices.
7. The risk is not a replacement or conversion of a policy reinsured
facultatively with another reinsurer, unless such reinsurer has released
all such covered risk.
If a risk cannot be ceded automatically under the terms of this agreement the
ceding company may submit the risk to The Guardian on a facultative basis.
Article II: Facultative Submissions
When the ceding company submits a risk to The Guardian on a facultative basis,
copies of the original application, all medical examinations, microscopical
reports, inspection reports and all other information the ceding company may
have pertaining to the insurability of the risk shall accompany the application.
The Guardian shall notify the ceding company of its decision on the risk as soon
as possible.
The Guardian shall have no liability on facultative submissions unless the
ceding company has accepted The Guardian's reinsurance offer.
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Article III: Company Data
The ceding company agrees to keep The Guardian informed of the identity and
terms of its policies, riders, and contracts reinsured under this Agreement by
furnishing The Guardian with copies of its application forms, policy forms,
supplementary agreements, rate books, plan codes, reserve tables and other
materials relevant to the coverage reinsured.
Further, the ceding company agrees to furnish The Guardian with all underwriting
manuals or criteria, requirements, and retention schedules affecting reinsurance
ceded and to keep The Guardian fully informed of all subsequent changes to said
material.
Article IV: Liability
When the ceding company is liable under the conditions of a policy or contract,
The Guardian's liability shall follow to the extent of the reinsurance effected.
In the case of facultative submissions the ceding company must have accepted The
Guardian's offer during the lifetime of the insured.
Reinsurance shall be in force and binding on The Guardian as long as (a) the
issuance of insurance by the ceding company constituted the doing of business in
a jurisdiction in which the ceding company was properly licensed and (b) the
reinsurance premiums continued to be paid in accordance with this agreement.
Article V: Plan of Insurance
The life reinsurance shall be on a risk premium basis for the net amount at
risk.
The waiver of premium benefit shall be on a coinsurance basis in accordance with
the provisions of the original forms submitted to The Guardian and issued by the
ceding company.
The ceding company shall pay The Guardian monthly premiums as described in
Exhibit D.
The Guardian shall reimburse the ceding company for its share of death and
disability claims.
The ceding company shall take a reserve credit and The Guardian shall hold a
mirror reserve for the benefits covered under this agreement.
Article VI: Minimum Amounts
Amounts of reinsurance less than the minimum cession amount on the
Specifications Page shall not be ceded or kept in force under this agreement.
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Article VII: Premiums and Allowances
The reinsurance base premium rate shall equal the monthly premium rate set forth
in Exhibit D.
For technical reasons relating the uncertain status of deficiency reserve
requirements by the various state insurance departments, the life reinsurance
rate cannot be guaranteed for more than one (1) year.
The Guardian reserves the right to increase the reinsurance premiums hereunder
on inforce business. However, in no event shall The Guardian increase the
reinsurance premium rates to a level in excess of the rates determined by the
1980 CSO mortality table at the maximum valuation rate. The ceding company has
the right to recapture at any time any and all policies whenever The Guardian
increases its reinsurance premiums for inforce policies above the original
schedule of reinsurance premiums or whenever the reinsurance premium on a
particular policy exceeds the actual valuation mortality rate used by the ceding
company at any future policy duration.
The reinsurance premium for the Waiver of Premium benefit shall be the
proportionate share of the ceding company's disability premium less the
following percentages of premium discount: 75% in the first year and 10% in
renewal years.
The reinsurance flat extra premium shall be discounted as follows:
(a) On flat extras assessed for more than 5 years the discount shall be 75% in
the first year, and 10% in renewal years.
(b) On flat extras assessed for 5 years or less the premium discount shall be
10% in all years.
Article VIII: Payment of Premiums
The reinsurance premiums are payable monthly. The first monthly premium is due
within 45 days after the end of the month of issue. The renewal monthly premiums
are due and payable within 15 days following the end of each month. The ceding
company shall submit monthly reports on new business, first year renewals,
regular renewals, changes, terminations and reinstatements. These reports should
be in substantial accord with the reporting requirements in Exhibit E.
In the event of non-payment of any reinsurance premiums when due, The Guardian's
liability shall continue. However, The Guardian shall have the right to
terminate reinsurance coverage for in force business, but only after it has
given three months notice in writing of its intention to terminate coverage and
only if reinsurance premiums remain unpaid. Such termination cannot be made if
an Order of Liquidation of the ceding company is in effect.
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Any reinsurance which has terminated for nonpayment of premiums may be
reinstated within 60 days of the termination date upon payment of all overdue
premiums with interest. Interest will be calculated using the 13 week Treasury
▇▇▇▇ rate reported in the "Money Rates" section of the Wall Street Journal or a
comparable publication. The interest rate will be the rate reported on the last
working day of the calendar month prior to the date of reinstatement.
However, The Guardian will have no liability in connection with any claim
incurred between the date of termination and the date of reinstatement of
reinsurance.
Article IX: Policy Changes, Reductions, Terminations
Whenever a change is made in the status, plan, amount or other material feature
of the policy issued by the ceding company, The Guardian shall upon notification
of the change, provide appropriately adjusted reinsurance coverage.
Conversions will be covered under the reinsurance treaty between the ceding
company and The Guardian which provides reinsurance on the policy form issued.
No reduction in policy rating may be made on facultatively reinsured business
without the consent of The Guardian.
If the amount of insurance is reduced or terminated, the amount of reinsurance
on the life shall be reduced by a proportionate amount.
The ceding company shall not be required to assume a risk for an amount in
excess of its retention. If the above rules covering the cancellation of
reinsurance produce this result, the amount of reinsurance cancelled shall be
such that the ceding company shall be placed upon the risk for its regular
retention limit.
If the amount of insurance is increased, the increase will be considered as new
reinsurance under this Agreement with appropriate underwriting evidence
provided.
If the original policy lapses and extended term insurance or reduced paid-up
insurance is granted under the terms of the policy, The Guardian shall reinsure
the adjusted amount of reinsurance and accept appropriately adjusted reinsurance
premiums calculated in the same manner as on the original reinsurance. The
Guardian shall not provide coverage for extended term insurance on policies
issued at substandard ratings greater than 150% of standard or the equivalent in
flat extra premium unless The Guardian specifically agrees in advance to do so.
Upon lapse, death or other termination of a cession, The Guardian shall refund
any unearned premiums.
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Article X: Reinstatements
If a policy which has lapsed for nonpayment of premium is reinstated in
accordance with its terms and with ceding company rules, The Guardian shall,
upon notification of policy reinstatement, reinstate the pre-existing
reinsurance coverage. Upon reinstatement of the reinsurance coverage, the ceding
company shall pay the reinsurance premiums in arrears with interest at the same
rate as the ceding company receives under its policy.
Article XI: Changes in Retention and Recapture
Whenever the ceding company changes its limits of retention, it shall promptly
inform The Guardian and The Guardian shall update Exhibit B to show the new
limits. If the ceding company increases its retention limits, it shall have the
option of applying the increase in retention limits to existing reinsurance and
reducing the reinsurance in force in accordance with the following rules:
1. The ceding company shall give The Guardian written notice of its intention
to apply the new limits of retention to existing business.
2. The reduction in reinsurance shall be made on the next anniversary of each
policy affected. However, no reduction shall be made until the reinsurance
on the policy has been in force for at least 10 years.
3. All eligible policies shall be recaptured unless there is mutual agreement
to the contrary expressed in writing.
4. No reduction shall be made in the reinsurance on any life unless the
ceding company retained its maximum retention limit for the plan, age and
mortality rating at the time the policy was issued. If any reinsurance is
recaptured following a retention increase, all reinsurance which is
subject to recapture under these provisions must be similarly recaptured.
The Guardian is the first excess reinsurer; so, if there is reinsurance in
other companies on risks eligible for recapture, the necessary reduction
is to be applied to the reinsurance in other companies before recapture of
business is ceded to Guardian.
5. In determining the new retention for a particular policy, the age and
rating at issue should be used. On conversions the issue date of the
original policy should be used.
6. If at the time of recapture the risk is an active claim for Waiver of
Premium Disability, the Life risk shall still be considered eligible for
recapture. However, the Disability reinsurance shall remain in force until
such time as the policy is returned to a premium paying status. The
Disability risk shall be recaptured upon such return to premium paying
status. However, if within two years of said recapture the Waiver of
Premium
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claim is resumed due to an extension of the initial disablement The
Guardian shall be liable for payment of its share of premiums waived by
the ceding company subject to collection of Disability premiums on The
Guardian's share of the risk for the period in which the policy was in a
premium paying status.
7. The ceding company shall not be required to recapture a policy if to do so
would put the ceding company over its retention.
In the event the ceding company overlooks any reductions or cancellations of
reinsurance which should be made on account of an increase in its retention
limits, the acceptance by The Guardian of reinsurance premiums after the
effective dates of the reductions or cancellations shall not constitute or
determine a liability on the part of The Guardian for such reinsurance, and The
Guardian shall be liable only for a credit of the premiums so received, without
interest.
Article XII: Settlement of Claims
The ceding company shall promptly notify The Guardian of any claim submitted on
a policy reinsured under this agreement.
The Guardian's liability to the ceding company for reinsurance benefits shall
follow the ceding company's liability for such benefits under the terms of its
policies. However, The Guardian shall pay death claims in one lump sum
regardless of the mode of settlement provided in the policy, and The Guardian
may pay disability waiver of premium claims in one payment per year regardless
of the mode of premium payment specified in the policy.
The Guardian shall abide the issue as it is settled by the ceding company and
shall pay the amount of reinsurance in effect when the ceding company settles
with the claimant, including any required interest from date of death to date of
payment, subject only to the limitations set forth in paragraphs 1 through 3
below:
1. In every case of loss, copies of proofs obtained by the ceding company
shall be taken as sufficient. Unless agreed otherwise, all contestable
claims will be routinely investigated. Copies of all proofs of loss,
underwriting papers and any investigation shall be furnished to The
Guardian upon request.
2. The ceding company shall consult with The Guardian before making an
admission of liability on any contestable claim on which the ceding
company retains less than its full retention.
3. Any claim may be contested or compromised by the ceding company. The
Guardian may choose not to participate in contesting a claim, and if it so
chooses, it shall pay the full amount of the reinsurance at once. If The
Guardian joins the ceding company in a contest or compromise which results
in a reduced claim settlement, then the ceding company and The Guardian
shall participate in proportion to their respective liabilities
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before the reduction. If The Guardian has given written consent to
participate in defending or investigating a claim or in taking up or
rescinding a policy reinsured under this Agreement, any unusual expenses
incurred by the ceding company (aside from routine investigations and
other incidental claims settlement expenses) shall be shared in the same
proportion.
In the event of an increase or decrease in the amount of the ceding company's
insurance on any policy reinsured hereunder because of a misstatement of age or
sex or other status which is established after the death of the Insured, the
ceding company and The Guardian shall share in the change in amount in
proportion to their respective net liabilities prior to the increase or
decrease. The death benefit shall be recalculated using premiums at the correct
age and sex.
The Guardian shall not participate in punitive or exemplary damages assessed
against the ceding company.
Article XIII: Premium Tax Credit
The Guardian shall not reimburse the ceding company for premium taxes on
reinsurance premiums paid The Guardian.
Article XIV: Experience Refund
The business reinsured under this contract shall not be eligible for an
experience refund.
Article XV: DAC Tax
The ceding company and The Guardian hereby agree to the following pursuant to
Section 1.848-2(g)(8) of the Income Tax Regulation issued December 1992, under
Section 848 of the Internal Revenue Code of 1986, as amended. This election
shall be effective for 1995 and for all subsequent taxable years for which this
agreement remains in effect.
1. The term "party" will refer to either the ceding company or The Guardian
as appropriate.
2. The terms used in this Article are defined by reference to Regulation
1.848-2 in effect December 1992.
3. The party with the net positive consideration for this Agreement for each
taxable year will capitalize specified policy acquisition expenses with
respect to this agreement without regard to the general deductions
limitation of Section 848(c)(1).
4. Both parties agree to exchange information pertaining to the amount of net
consideration under this agreement each year to ensure consistency or as
otherwise required by the Internal Revenue Service.
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5. The ceding company will submit a schedule to The Guardian by May 1 of each
year of its calculation of the net consideration for the preceding
calendar year. This schedule of calculations will be accompanied by a
statement stating that the ceding company report such net consideration in
its tax return for the preceding calendar year.
6. The Guardian may contest such calculation by providing an alternative
calculation to the ceding company by June 1. If The Guardian does not so
notify the ceding company, the ceding company will report the net
consideration as determined by the ceding company in the ceding company's
tax return for the previous calendar year.
7. If The Guardian contests the ceding company's calculation of the net
considerations, the parties will act in good faith to reach an agreement
as to the correct amount by July 1. When the ceding company and The
Guardian reach agreement on an amount of the net consideration, each party
shall report such amount in their respective tax returns for the previous
calendar year.
The Guardian and the ceding company represent and warrant that they are subject
to U.S. taxation under Subchapter L of Chapter 1 of the Internal Revenue Code.
Article XVI: Oversights
Error and omissions of an accidental or unintentional nature shall be corrected
and both parties shall be restored to the positions they would have occupied had
no such errors or omissions occurred.
Article XVII: Insolvency
In the event of the insolvency of the ceding company, payments due the ceding
company on all reinsurance made, ceded, renewed or otherwise becoming effective
under this Agreement shall be payable by The Guardian directly to the ceding
company or to its liquidator, receiver, or statutory successor on the basis of
the liability of the ceding company under the policy or policies reinsured
without diminution because of insolvency of the ceding company.
It is understood, however, that in the event of insolvency of the ceding
company, The Guardian shall be given written notice of the pendency of a claim
against the insolvent ceding company on a policy reinsured within a reasonable
time after such claim is filed in the insolvency proceeding. During the pendency
of such claim, The Guardian may investigate such claim and interpose, at its own
expense, in the proceeding where such claim is to be adjudicated any defense or
defenses which it may deem available to the ceding company or its liquidator or
receiver or statutory successor.
It is further understood that the expense thus incurred by The Guardian shall be
chargeable, subject to a court approval, against the insolvent ceding company as
part of the expense of
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liquidation to the extent of a proportionate share of the benefit which may
accrue to the ceding company solely as a result of the defense undertaken by The
Guardian. Where two or more assuming reinsurers participate in the same claim
and a majority in interest elect to interpose a defense to such claim, the
expense shall be apportioned in accordance with the terms of this Agreement as
though such expense had been incurred by the ceding company.
In the event of the insolvency of The Guardian, as determined by the New York
State Insurance Department, all reinsurance ceded under this agreement may be
immediately recaptured in full by the ceding company without penalty. The
Guardian shall remain liable for the payment of any claim which had occurred
prior to the date of cancellation whether or not due proof of such claim had
actually been received.
Article XVIII: Assignment of Reinsurance
If either the ceding company or The Guardian proposes to sell, assumption
reinsure or otherwise assist in the transfer of the policies or risks that are
reinsured under this Agreement to any third party, it shall require that the
third party agree in writing to an assignment of all rights and obligations of
the ceding company or The Guardian under this Agreement. Either party may object
to any assignment that would result in a material adverse economic impact to
that party. If The Guardian objects to an assignment on this basis by the ceding
company, the ceding company and The Guardian shall mutually agree on a
termination charge which shall be paid by the ceding company to The Guardian. If
the ceding company objects to an assignment on this basis by The Guardian, the
ceding company may have the option to terminate the reinsurance effective the
date of such assignment without a termination charge.
Article XIX: Arbitration
In the event of any disputes or differences arising hereafter between the
contracting parties with reference to any transaction arising from or relating
in any way to this Agreement on which agreement between the parties hereto
cannot be reached, the same shall be decided by arbitration. The following
procedures apply:
1. Three arbitrators will decide any dispute or difference. The arbitrators
must be disinterested officers or retired officers of life insurance or
life reinsurance companies other than the two parties to the Agreement or
their affiliates. Each of the contracting companies agrees to appoint one
of the arbitrators with the third, the "Umpire", to be chosen by the other
arbitrators. In the event that either party should fail to choose an
arbitrator within 30 days following a written request by the other party
to do so, the requesting party may choose an Umpire before entering upon
arbitration. In the event that the two arbitrators shall not be able to
agree on the choice of the Umpire within 30 days following their
appointment, each arbitrator shall nominate five candidates within 10 days
thereafter, four of whom the other shall decline, and the Umpire shall be
chosen by the President of the American Arbitration Association.
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2. The arbitrators shall consider customary and standard practices in the
life reinsurance business. They shall decide by a majority vote of the
arbitrators. There shall be no appeal from their written decision.
Judgement may be entered on the decision of the arbitrators by any court
having jurisdiction.
3. Each party shall bear the expense of its own arbitrator and outside
attorney fees, and shall jointly and equally bear with the other party the
expense of the third arbitrator.
4. Any arbitration instituted pursuant to this Article shall be held in New
York, New York and the laws of the State of New York and, to the extent
applicable, the Federal Arbitration Act shall govern the interpretation
and application of this Agreement.
5. This Article shall survive termination of this Agreement.
6. Submission of a matter to arbitration shall be condition precedent to any
right to seek injunctive or other provisional relief pending the
arbitration of a matter subject to arbitration pursuant to this Agreement.
In any legal proceeding the laws of the State of New York will govern.
Article XX: Inspection of Records
The Guardian shall have the right at any reasonable time to inspect, at the
office of the ceding company, all books and documents relating to any
reinsurance under this Agreement.
Article XXI: Offset
The ceding company and The Guardian shall have the right to offset any balance
due from one party to the other party under this contract. If either party is
then under formal insolvency proceedings, this right of offset shall be subject
to the laws of the state exercising primary jurisdiction over such proceedings.
Article XXII Parties to the Agreement
This agreement is solely between the ceding company and The Guardian. The
acceptance of risks under this Agreement shall create no right or legal
relationship whatsoever between The Guardian and the insured, owner or
beneficiary of any insurance policy or contract of the ceding company.
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Article XXIII: Agreement
This agreement shall constitute the entire agreement between the parties with
respect to reinsuring business under this agreement. There are no understandings
between the parties other than those expressed in the agreement.
Any change or modification to the agreement shall be made by amendment to the
agreement and signed by both parties.
Article XXIV: Duration of Agreement
This agreement shall have the effective date shown on the Specifications Page
and shall be unlimited in duration. It may be terminated at any time, insofar as
it pertains to the handling of subsequent new business, by either party giving
three months notice of termination in writing. The Guardian shall continue to
accept new business during the three month period and shall continue to be
liable on all in force reinsurance granted under this agreement until the
termination or expiry of the insurance reinsured.
Article XXV: Execution of Agreement
IN WITNESS WHEREOF the parties hereto have caused this Agreement to be executed
in duplicate on the dates shown below.
THE GUARDIAN INSURANCE & ANNUITY COMPANY, INC.
By /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ By /s/ ▇▇▇▇▇ ▇. ▇▇▇▇
Title Vice President & Actuary Title Vice President & Controller
Date 12/28/95 Date 12/28/95
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA
By /s/ ▇▇▇ ▇▇▇▇▇ By /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Title Vice President & Life Actuary Title Senior Vice President, Life
Insurance
Date 12/21/95 Date 12/22/95
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EXHIBIT A
PLANS COVERED UNDER THIS AGREEMENT
Plan Name Description
--------- -----------
Park Avenue Life Variable Life and associated
Yearly Renewable Term and
Waiver of Premium riders
EXHIBIT B
CEDING COMPANY'S SCHEDULE OF RETENTION LIMITS
FOR PRODUCTS ISSUED BY THE SPECIALTY LIFE BUSINESS UNIT
EFFECTIVE: September 1, 1995
1. Life: 10% of each policy up to a per life maximum based on the following
schedule.
Maximum Amount of Insurance in Force
Life Insurance Retained End of Prior Year
----------------------- -----------------
$400,000 $3,000,000,000 - 3,999,999,999
450,000 4,000,000,000 - 4,999,999,999
500,000 5,000,000,000 and greater
2. Disability Waiver of Premium and Payor Benefits:
Same as Life
3. Accidental Death Benefits:
$200,000
Note: The first 90% is covered under modified coinsurance treaty 3001.
EXHIBIT C
AUTOMATIC AND JUMBO LIMITS
AUTOMATIC LIMITS ON BUSINESS CEDED TO THE GUARDIAN
1. Life:
Excess over 90% of each policy up to the following maximums.
On non-aviation risks:
Ages Preferred-Class 4 Class 5 - 16
---- ----------------- ------------
0 - 15 $ 9,000,000 $4,500,000
16 - 70 13,500,000 8,500,000
71 - 75 9,000,000 2,500,000
Over 75 2,500,000 2,500,000
On aviation risks: The lower of $7,500,000 and the limit for non-aviation
risks.
2. Disability Waiver of Premium and Payor Benefits:
Excess over 90% of each policy up to a maximum of $3,000,000.
3. Accidental Death Benefits:
None
JUMBO LIMITS
The ceding company shall not cede automatically to The Guardian any risk on an
individual life if the all company amount of Life Insurance in force plus the
amount applied for exceeds the following:
Ages Preferred-Class 4 Class 5 - 16
---- ----------------- ------------
0-15 $10,000,000 $ 5,000,000
16-70 15,000,000 10,000,000
71-75 10,000,000 2,750,000
Over 75 2,750,000 2,750,000
EXHIBIT D
PREMIUM RATES
[information has been redacted as confidential]
EXHIBIT E
TEN YEAR SELECT NON REFUND RISK PREMIUM REINSURANCE (RPR) PROGRAM
USE OF THE RATE SCHEDULE
FEMALE RATES
Ages 0 to 10 Use Rates for Males Same Age
Ages 11 to 14 Use Rates for Males Age 10
Ages 15 to 19 Use Rates for Males 4 Years Younger
Ages 24 & Older
Ages 20 to 23 Use Rates for Males Age 20
SUBSTANDARD RISKS
Multiple table substandard premiums are equal to the sum of the standard
premium and the appropriate multiple of the additional premiums for 25%
excess mortality shown in the Substandard table. For example: if a risk is
rated Class D, 200%, the premium per thousand for each age and duration is
the standard premium plus four times the additional substandard premium.
Reinsurance premiums for risks which have been rated on a multiple table
basis shall revert to the standard premium on the later of the twentieth
policy anniversary and attained age 65.
Swiss Re Life Company America
10 YEAR SELECT
NON-REFUND
REINSURANCE
RATES
DIFFERENTIATED BY SMOKING HABIT
NRN-6514-1 AGE NEAREST BIRTHDAY
TEN YEAR SELECT NON REFUND YRT REINSURANCE PROGRAM
USE OF THE RATE SCHEDULE
SMOKER / NONSMOKER DIFFERENTIATION
This schedule contains YRT rates which are differentiated by smoking habit
for issue ages 20-69. These rates are to be used only where the Ceding
Company's gross premiums are differentiated by smoking habit. For
reinsurance generated from plans of insurance where the Ceding Company
does not differentiate its premiums by smoking habit, Swiss Re America's
undifferentiated YRT reinsurance premium schedule should be used.
FEMALE RATES
Ages 0 to 10 Use Rates for Males Same Age
Ages 11 to 14 Use Rates for Males Age 10
Ages 15 to 19 Use Rates for Males 4 Years Younger
Ages 20 to 23 Use Rates for Males Age 20
Ages 24 and Older Use Rates for Males 4 Years Younger
SUBSTANDARD RISKS
Multiple table substandard premiums are equal to the sum of the standard
premium (smoker, Nonsmoker, or undifferentiated) and the appropriate
multiple of the additional premiums for 25% excess mortality shown in the
Substandard table. For example: if a risk is rated Class D (200%) the
premium per thousand for each age and duration is the standard premium
plus four times the additional substandard premium.
Reinsurance premiums for risks which have been rated on a multiple table
basis shall revert to the standard premium on the later of the twentieth
policy anniversary and attained age 65.
RECAPTURE
Reinsurance ceded under this program will not be eligible for recapture
before the tenth policy anniversary.
▇▇-▇▇▇▇-▇
▇▇▇▇▇ RE LIFE COMPANY AMERICA
NON REFUND YEARLY RENEWABLE TERM REINSURANCE
PREMIUMS FOR $1000 OF ONE YEAR TERM REINSURANCE
MALE STANDARD RISK
AGE NEAREST BIRTHDAY
POLICY YEAR
ISSUE 1 2 3 4 5 6 7 8 9 10 11+ ATTAINED
AGE AGE
0 5.89 1.66 1.19 1.01 0.90 0.85 0.80 0.77 0.73 0.70 0.69 10
1 1.66 1.19 1.01 0.90 0.85 0.80 0.77 0.73 0.70 0.69 0.69 11
2 1.19 1.01 0.90 0.85 0.80 0.77 0.73 0.70 0.69 0.69 0.71 12
3 1.01 0.90 0.85 0.80 0.77 0.73 0.70 0.69 0.69 0.71 0.80 13
4 0.90 0.85 0.80 0.77 0.73 0.70 0.69 0.69 0.71 0.80 0.89 14
5 0.85 0.80 0.77 0.73 0.70 0.69 0.69 0.71 0.80 0.89 1.03 15
6 0.80 0.77 0.73 0.70 0.69 0.69 0.71 0.80 0.89 1.03 1.16 16
7 0.77 0.73 0.70 0.69 0.69 0.71 0.80 0.89 1.03 1.16 1.30 17
8 0.73 0.70 0.69 0.69 0.71 0.80 0.89 1.03 1.16 1.30 1.20 18
9 0.70 0.69 0.69 0.71 0.80 0.89 1.03 1.16 1.30 1.20 1.24 19
10 0.69 0.69 0.71 0.80 0.89 1.03 1.16 1.30 1.20 1.24 1.27 20
11 0.69 0.71 0.80 0.89 1.03 1.16 1.30 1.20 1.24 1.27 1.30 21
12 0.71 0.80 0.89 1.03 1.16 1.30 1.20 1.24 1.27 1.30 1.29 22
13 0.80 0.89 1.03 1.16 1.30 1.20 1.24 1.27 1.30 1.29 1.29 23
14 0.89 1.03 1.16 1.30 1.20 1.24 1.27 1.30 1.29 1.29 1.28 24
15 1.03 1.16 1.30 1.20 1.24 1.27 1.30 1.29 1.29 1.28 1.27 25
16 1.16 1.30 1.20 1.24 1.27 1.30 1.29 1.29 1.28 1.27 1.26 26
17 1.15 1.20 1.24 1.27 1.30 1.29 1.29 1.28 1.27 1.26 1.29 27
18 1.12 1.17 1.21 1.24 1.26 1.26 1.25 1.25 1.25 1.25 1.32 28
19 1.08 1.13 1.18 1.20 1.22 1.21 1.21 1.22 1.22 1.23 1.34 29
▇▇▇-▇▇▇▇-▇
▇▇▇▇▇ RE LIFE COMPANY AMERICA
NON REFUND YEARLY RENEWABLE TERM REINSURANCE
PREMIUMS FOR $1000 OF ONE YEAR TERM REINSURANCE
MALE STANDARD RISK
AGE NEAREST BIRTHDAY
POLICY YEAR
ISSUE 1 2 3 4 5 6 7 8 9 10 11+ ATTAINED
AGE AGE
20 0.71 0.74 0.77 0.79 0.80 0.80 0.81 0.82 0.83 0.85 0.84 30
21 0.69 0.72 0.75 0.77 0.78 0.78 0.78 0.80 0.81 0.84 0.96 31
22 0.67 0.70 0.73 0.75 0.75 0.75 0.76 0.77 0.80 0.82 0.98 32
23 0.67 0.69 0.73 0.74 0.75 0.75 0.76 0.79 0.82 0.85 1.01 33
24 0.66 0.68 0.72 0.74 0.74 0.75 0.77 0.80 0.83 0.87 1.03 34
25 0.65 0.67 0.72 0.73 0.74 0.76 0.78 0.81 0.86 0.90 1.06 35
26 0.64 0.66 0.71 0.73 0.74 0.76 0.79 0.83 0.88 0.93 1.10 36
27 0.63 0.65 0.71 0.72 0.74 0.76 0.80 0.84 0.90 0.97 1.17 37
28 0.64 0.67 0.72 0.74 0.77 0.80 0.84 0.90 0.97 1.05 1.26 38
29 0.65 0.69 0.74 0.77 0.80 0.84 0.89 0.96 1.04 1.13 1.35 39
30 0.66 0.71 0.76 0.80 0.83 0.88 0.94 1.02 1.12 1.22 1.45 40
31 0.68 0.73 0.78 0.83 0.87 0.93 1.00 1.09 1.21 1.33 1.55 41
32 0.70 0.75 0.81 0.87 0.91 0.99 1.06 1.17 1.30 1.44 1.71 42
33 0.71 0.77 0.84 0.91 0.97 1.06 1.15 1.27 1.41 1.57 1.87 43
34 0.72 0.79 0.88 0.96 1.04 1.14 1.24 1.38 1.54 1.72 2.05 44
35 0.73 0.82 0.92 1.02 1.11 1.22 1.34 1.50 1.67 1.88 2.25 45
36 0.74 0.84 0.97 1.08 1.19 1.31 1.46 1.62 1.82 2.05 2.46 46
37 0.76 0.87 1.01 1.14 1.27 1.41 1.58 1.76 1.98 2.24 2.74 47
38 0.80 0.94 1.10 1.25 1.39 1.56 1.75 1.95 2.19 2.48 3.05 48
39 0.85 1.02 1.20 1.37 1.51 1.72 1.93 2.16 2.43 2.73 3.38 49
40 0.90 1.10 1.30 1.49 1.65 1.90 2.13 2.38 2.68 3.01 3.74 50
41 0.96 1.19 1.41 1.63 1.80 2.09 2.34 2.63 2.96 3.31 4.13 51
42 1.03 1.29 1.54 1.78 1.97 2.29 2.58 2.90 3.26 3.65 4.56 52
43 1.08 1.37 1.65 1.93 2.15 2.49 2.82 3.17 3.55 3.97 5.03 53
44 1.15 1.46 1.78 2.09 2.34 2.71 3.08 3.46 3.86 4.32 5.54 54
NON-SMOKER RATES
▇▇▇-▇▇▇▇-▇
▇▇▇▇▇ RE LIFE COMPANY AMERICA
NON REFUND YEARLY RENEWABLE TERM REINSURANCE
PREMIUMS FOR $1000 OF ONE YEAR TERM REINSURANCE
MALE STANDARD RISK
AGE NEAREST BIRTHDAY
POLICY YEAR
ISSUE 1 2 3 4 5 6 7 8 9 10 11+ ATTAINED
AGE AGE
45 1.22 1.56 1.93 2.26 2.55 2.95 3.37 3.79 4.21 4.71 6.09 55
46 1.29 1.67 2.08 2.45 2.79 3.21 3.68 4.14 4.58 5.13 6.70 56
47 1.37 1.78 2.25 2.66 3.04 3.49 4.03 4.52 4.99 5.59 7.39 57
48 1.44 1.91 2.42 2.86 3.26 3.81 4.42 4.96 5.48 6.15 8.14 58
49 1.51 2.05 2.61 3.09 3.51 4.14 4.85 5.44 6.01 6.77 8.96 59
50 1.59 2.20 2.82 3.34 3.77 4.52 5.31 5.96 6.59 7.43 9.84 60
51 1.67 2.37 3.05 3.60 4.06 4.92 5.82 6.53 7.22 8.16 10.82 61
52 1.76 2.55 3.29 3.89 4.37 5.36 6.38 7.16 7.91 8.95 11.95 62
53 1.88 2.72 3.57 4.25 4.77 5.79 6.90 7.75 8.60 9.79 13.19 63
54 2.00 2.90 3.87 4.64 5.21 6.27 7.47 8.40 9.34 10.70 14.55 64
55 2.13 3.10 4.19 5.07 5.69 6.78 8.10 9.10 10.16 11.69 16.02 65
56 2.28 3.31 4.55 5.53 6.21 7.35 8.78 9.87 11.04 12.77 17.63 66
57 2.44 3.55 4.94 6.04 6.78 7.96 9.52 10.71 12.01 13.95 19.51 67
58 2.72 3.95 5.51 6.82 7.63 8.79 10.33 11.67 13.19 15.38 21.56 68
59 3.03 4.39 6.14 7.67 8.56 9.68 11.22 12.72 14.49 16.93 23.81 69
60 3.37 4.87 6.82 8.60 9.58 10.67 12.20 13.87 15.90 18.62 26.25 70
61 3.74 5.40 7.56 9.61 10.68 11.73 13.25 15.11 17.44 20.46 28.91 71
62 4.15 5.97 8.37 10.72 11.88 12.90 14.41 16.47 19.11 22.47 31.53 72
63 4.72 6.76 9.31 11.74 13.21 14.41 16.10 18.25 21.25 25.17 34.39 73
64 5.34 7.63 10.32 12.85 14.65 16.07 17.96 20.20 23.57 28.12 37.52 74
65 6.03 8.58 11.44 14.06 16.23 17.87 19.98 22.33 26.11 31.33 40.91 75
66 6.77 9.61 12.65 15.38 17.94 19.83 22.18 24.64 28.87 34.82 44.62 76
67 7.57 10.74 13.97 16.82 19.81 21.97 24.58 27.17 31.88 38.64 48.66 77
68 8.84 12.49 16.17 19.50 22.85 25.25 28.08 30.94 35.93 43.24 53.07 78
69 10.23 14.40 18.57 22.41 26.16 28.82 31.89 35.05 40.35 48.26 57.89 79
NON-SMOKER RATES
▇▇▇-▇▇▇▇-▇
▇▇▇▇▇ RE LIFE COMPANY AMERICA
NON REFUND YEARLY RENEWABLE TERM REINSURANCE
PREMIUMS FOR $1000 OF ONE YEAR TERM REINSURANCE
MALE STANDARD RISK
AGE NEAREST BIRTHDAY
POLICY YEAR
ISSUE 1 2 3 4 5 6 7 8 9 10 11+ ATTAINED
AGE AGE
70 12.55 17.52 22.38 26.83 31.02 33.85 37.07 40.38 45.84 54.20 63.12 80
71 13.80 19.29 24.66 29.69 34.36 37.55 41.12 44.86 50.76 59.93 68.84 81
72 15.17 21.22 27.16 32.82 38.00 41.58 45.54 49.75 56.13 66.20 75.68 82
73 16.55 23.19 29.71 35.88 41.44 45.23 49.38 53.89 60.80 71.85 83.14 83
74 18.05 25.34 32.49 39.21 45.18 49.20 53.58 58.39 65.89 78.00 91.29 84
75 19.69 27.69 35.53 42.85 49.27 53.54 58.16 63.32 71.46 84.73 100.14 85
76 21.47 30.24 38.83 46.80 53.71 58.26 63.14 68.67 77.51 92.04 109.81 86
77 23.42 33.03 42.43 51.12 58.57 63.41 68.58 74.51 84.11 100.02 118.47 87
78 25.43 35.79 46.01 55.32 63.52 68.78 74.60 80.63 90.65 106.62 127.91 88
79 27.62 38.79 49.91 59.89 68.91 74.64 81.16 87.29 97.77 113.81 138.22 89
80 30.02 42.07 54.18 64.89 74.81 81.04 88.33 94.58 105.56 121.68 149.42 90
81 32.63 45.64 58.81 70.32 81.22 87.99 96.12 102.49 114.02 130.21 161.66 91
82 35.47 49.54 63.87 76.24 88.21 95.59 104.63 111.14 123.25 139.54 171.68 92
83 38.47 53.83 69.21 82.00 93.89 100.68 109.60 116.77 130.34 147.90 182.60 93
84 41.73 58.51 75.04 88.27 100.08 106.22 115.01 122.91 138.06 157.02 194.53 94
85 45.30 63.63 81.41 95.13 106.85 112.28 120.92 129.63 146.50 166.99 207.49 95
86 49.17 69.18 88.32 102.57 114.19 118.86 127.35 136.92 155.66 177.81 221.64 96
87 53.40 75.25 95.87 110.71 122.22 126.05 134.36 144.88 165.67 189.63 231.16 97
88 59.16 78.76 100.69 117.02 129.46 133.88 142.40 152.37 171.29 193.04 241.53 98
89 59.16 82.58 105.93 123.90 137.36 142.41 151.16 160.54 177.40 196.77 950.00 99
▇▇▇-▇▇▇▇-▇
▇▇▇▇▇ RE LIFE COMPANY AMERICA
NON REFUND YEARLY RENEWABLE TERM REINSURANCE
PREMIUMS FOR $1000 OF ONE YEAR TERM REINSURANCE
MALE STANDARD RISK
AGE NEAREST BIRTHDAY
POLICY YEAR
ISSUE 1 2 3 4 5 6 7 8 9 10 11+ ATTAINED
AGE AGE
20 1.53 1.61 1.68 1.71 1.72 1.70 1.69 1.70 1.71 1.73 1.70 30
21 1.46 1.53 1.61 1.65 1.64 1.62 1.61 1.63 1.66 1.70 2.03 31
22 1.38 1.45 1.54 1.57 1.55 1.53 1.53 1.56 1.61 1.66 2.08 32
23 1.35 1.42 1.52 1.55 1.54 1.53 1.55 1.59 1.65 1.73 2.14 33
24 1.32 1.39 1.51 1.53 1.53 1.53 1.56 1.62 1.70 1.79 2.20 34
25 1.29 1.36 1.49 1.51 1.52 1.54 1.58 1.66 1.76 1.86 2.27 35
26 1.25 1.33 1.47 1.49 1.51 1.54 1.61 1.70 1.82 1.94 2.35 36
27 1.21 1.29 1.45 1.47 1.50 1.54 1.63 1.?? 1.88 2.03 2.53 37
28 1.25 1.34 1.50 1.54 1.59 1.65 1.75 1.88 2.05 2.22 2.71 38
29 1.30 1.41 1.56 1.62 1.68 1.77 1.88 2.04 2.23 2.43 2.92 39
30 1.35 1.47 1.62 1.71 1.78 1.90 2.02 2.21 2.43 2.66 3.14 40
31 1.41 1.55 1.69 1.81 1.90 2.03 2.17 2.40 2.65 2.90 3.39 41
32 1.47 1.62 1.76 1.91 2.02 2.19 2.34 2.60 2.89 3.17 3.69 42
33 1.49 1.67 1.85 2.03 2.16 2.35 2.53 2.81 3.11 3.43 4.01 43
34 1.51 1.73 1.95 2.15 2.32 2.53 2.75 3.04 3.36 3.71 4.36 44
35 1.54 1.78 2.06 2.29 2.49 2.73 2.98 3.28 3.63 4.02 4.74 45
36 1.56 1.85 2.17 2.44 2.68 2.94 3.23 3.55 3.92 4.35 5.16 46
37 1.59 1.92 2.30 2.60 2.88 3.18 3.51 3.85 4.25 4.71 5.57 47
38 1.69 2.06 2.47 2.81 3.09 3.44 3.80 4.16 4.58 5.06 6.02 48
39 1.79 2.22 2.66 3.03 3.32 3.73 4.11 4.50 4.95 5.45 6.51 49
40 1.90 2.40 2.87 3.28 3.57 4.05 4.45 4.88 5.35 5.86 7.04 50
41 2.02 2.59 3.09 3.55 3.85 4.39 4.82 5.28 5.79 6.32 7.62 51
42 2.15 2.80 3.34 3.84 4.15 4.76 5.23 5.73 6.27 6.81 8.20 52
43 2.25 2.94 3.54 4.08 4.44 5.07 5.59 6.11 6.65 7.23 8.83 53
44 2.36 3.09 3.76 4.34 4.76 5.40 5.98 6.53 7.08 7.69 9.53 54
SMOKER RATES
▇▇▇-▇▇▇▇-▇
▇▇▇▇▇ RE LIFE COMPANY AMERICA
NON REFUND YEARLY RENEWABLE TERM REINSURANCE
PREMIUMS FOR $1000 OF ONE YEAR TERM REINSURANCE
MALE STANDARD RISK
AGE NEAREST BIRTHDAY
POLICY YEAR
ISSUE 1 2 3 4 5 6 7 8 9 10 11+ ATTAINED
AGE AGE
45 2.48 3.25 4.00 4.63 5.10 5.77 6.41 6.99 7.54 8.19 10.28 55
46 2.61 3.43 4.26 4.94 5.48 6.16 6.88 7.49 8.05 8.73 11.10 56
47 2.75 3.62 4.55 5.27 5.89 6.59 7.39 8.04 8.60 9.33 11.98 57
48 2.87 3.86 4.86 5.63 6.26 7.10 8.01 8.71 9.31 10.12 12.94 58
49 3.00 4.12 5.21 6.02 6.65 7.65 8.69 9.44 10.09 10.98 13.99 59
50 3.14 4.41 5.58 6.45 7.09 8.25 9.43 10.24 10.94 11.92 15.13 60
51 3.30 4.72 5.99 6.91 7.56 8.91 10.23 11.11 11.86 12.95 16.37 61
52 3.47 5.06 6.43 7.42 8.08 9.63 11.11 12.05 12.87 14.07 17.36 62
53 3.63 5.27 6.79 7.86 8.54 10.06 11.60 12.57 13.43 14.73 18.43 63
54 3.80 5.50 7.17 8.35 9.05 10.54 12.13 13.13 14.05 15.46 19.60 64
55 3.99 5.76 7.60 8.88 9.60 11.06 12.71 13.74 14.72 16.26 20.88 65
56 4.20 6.04 8.06 9.46 10.20 11.62 13.34 14.40 15.44 17.12 22.27 66
57 4.43 6.34 8.56 10.09 10.86 12.24 14.03 15.13 16.24 18.07 23.87 67
58 4.69 6.68 9.05 10.79 11.62 12.90 14.62 15.86 17.19 19.24 25.61 68
59 4.97 7.06 9.59 11.56 12.44 13.62 15.27 16.65 18.23 20.51 27.51 69
60 5.28 7.47 10.17 12.40 13.34 14.41 15.97 17.52 19.37 21.90 29.58 70
61 5.61 7.92 10.81 13.31 14.32 15.27 16.73 18.46 20.61 23.42 31.83 71
62 5.97 8.41 11.50 14.31 15.39 16.20 17.56 19.49 21.96 25.07 33.97 72
63 6.54 9.18 12.35 15.19 16.58 17.58 19.11 21.08 23.87 27.50 36.30 73
64 7.16 10.02 13.28 16.14 17.89 19.09 20.79 22.81 25.94 30.16 38.84 74
65 7.84 10.94 14.29 17.19 19.31 20.74 22.63 24.71 28.22 33.06 41.60 75
66 8.57 11.94 15.39 18.32 20.86 22.52 24.63 26.77 30.68 36.20 44.62 76
67 9.38 13.03 16.59 19.56 22.54 24.48 26.81 29.02 33.38 39.64 48.66 77
68 10.34 14.40 18.36 21.77 25.13 27.33 29.94 32.48 37.18 44.08 53.07 78
69 11.40 15.89 20.28 24.19 27.94 30.45 33.34 36.26 41.32 48.91 57.89 79
SMOKER RATES
▇▇▇-▇▇▇▇-▇
▇▇▇▇▇ RE LIFE COMPANY AMERICA
NON REFUND YEARLY RENEWABLE TERM REINSURANCE
PREMIUMS FOR $1000 OF ONE YEAR TERM REINSURANCE
MALE STANDARD RISK
AGE NEAREST BIRTHDAY
POLICY YEAR
ISSUE 1 2 3 4 5 6 7 8 9 10 11+ ATTAINED
AGE AGE
70 12.55 17.52 22.38 26.83 31.02 33.85 37.07 40.38 45.84 54.20 63.12 80
71 13.80 19.29 24.66 29.69 34.36 37.55 41.12 44.86 50.76 59.93 68.84 81
72 15.17 21.22 27.16 32.82 38.00 41.58 45.54 49.75 56.13 66.20 75.68 82
73 16.55 23.19 29.71 35.88 41.44 45.23 49.38 53.89 60.80 71.85 83.11 83
74 18.05 25.34 32.49 39.21 45.18 49.20 53.58 58.39 65.89 78.00 91.29 84
75 19.69 27.69 35.53 42.85 49.27 53.54 58.16 63.32 71.46 84.73 100.14 85
76 21.47 30.24 38.83 46.80 53.71 58.26 63.14 68.67 77.51 92.04 109.81 86
77 23.42 33.03 42.43 51.12 58.57 63.41 68.58 74.51 84.11 100.02 118.47 87
78 25.43 35.79 46.01 55.32 63.52 68.78 74.60 80.63 90.65 106.62 127.91 88
79 27.62 38.79 49.91 59.89 68.91 74.64 81.16 87.29 97.77 113.81 138.22 89
80 30.02 42.07 54.18 64.89 74.81 81.04 88.33 94.58 105.56 121.68 148.42 90
81 32.63 45.64 58.81 70.32 81.22 87.99 96.12 102.49 114.02 130.21 161.66 91
82 35.47 49.54 63.87 76.24 88.21 95.59 104.63 111.14 123.25 139.54 171.68 92
83 38.47 53.83 69.21 82.00 93.89 100.68 109.60 114.77 130.34 147.90 182.60 93
84 41.73 58.51 75.04 88.27 100.08 106.22 115.01 122.81 138.06 157.02 194.53 94
85 45.30 63.63 81.41 95.13 106.85 112.28 120.92 129.63 146.50 166.89 207.49 95
86 49.17 69.18 88.32 102.57 114.19 118.86 127.35 136.92 155.66 177.81 221.?? 96
87 53.40 75.25 95.87 110.71 122.22 126.05 134.36 144.88 165.67 189.63 231.16 97
88 56.16 78.76 100.69 117.02 129.16 133.88 142.40 152.37 171.99 193.04 341.53 98
89 59.16 82.58 105.93 123.90 137.36 142.41 151.16 160.54 177.40 196.77 950.00 99
▇▇▇-▇▇▇▇-▇
▇▇▇▇▇ RE LIFE COMPANY AMERICA
NON REFUND YEARLY RENEWABLE TERM REINSURANCE
ADDITIONAL PREMIUM PER $1000 OF ONE YEAR RENEWABLE TERM
REINSURANCE FOR EACH 25% OF EXCESS MORTALITY
MALE SUBSTANDARD RISK
AGE NEAREST BIRTHDAY
POLICY YEAR
ISSUE 1 2 3 4 5 6 7 8 9 10 11+ ATTAINED
AGE AGE
0 1.37 0.31 0.20 0.15 0.13 0.11 0.10 0.09 0.08 0.08 0.07 10
1 0.31 0.20 0.15 0.13 0.11 0.10 0.09 0.08 0.08 0.07 0.07 11
2 0.20 0.15 0.13 0.11 0.10 0.09 0.08 0.08 0.07 0.07 0.08 12
3 0.15 0.13 0.11 0.10 0.09 0.08 0.08 0.07 0.07 0.08 0.10 13
4 0.13 0.11 0.10 0.09 0.08 0.08 0.07 0.07 0.08 0.10 0.12 14
5 0.11 0.10 0.09 0.08 0.08 0.07 0.07 0.08 0.10 0.12 0.16 15
6 0.10 0.09 0.08 0.08 0.07 0.07 0.08 0.10 0.12 0.16 0.19 16
7 0.09 0.08 0.08 0.07 0.07 0.08 0.10 0.12 0.16 0.19 0.22 17
8 0.08 0.08 0.07 0.07 0.08 0.10 0.12 0.16 0.19 0.22 0.20 18
9 0.08 0.07 0.07 0.08 0.10 0.12 0.16 0.19 0.22 0.20 0.21 19
10 0.07 0.07 0.08 0.10 0.12 0.16 0.19 0.22 0.20 0.21 0.22 20
11 0.07 0.08 0.10 0.12 0.16 0.19 0.22 0.20 0.21 0.22 0.23 21
12 0.08 0.10 0.12 0.16 0.19 0.22 0.20 0.21 0.22 0.23 0.22 22
13 0.10 0.12 0.16 0.19 0.22 0.20 0.21 0.22 0.23 0.22 0.22 23
14 0.12 0.16 0.19 0.22 0.20 0.21 0.22 0.23 0.22 0.22 0.22 24
15 0.16 0.19 0.22 0.20 0.21 0.22 0.23 0.22 0.22 0.22 0.22 25
16 0.19 0.22 0.20 0.21 0.22 0.23 0.22 0.22 0.22 0.22 0.22 26
17 0.19 0.20 0.21 0.22 0.23 0.22 0.22 0.22 0.22 0.22 0.22 27
18 0.18 0.19 0.20 0.21 0.22 0.22 0.21 0.21 0.21 0.21 0.23 28
19 0.17 0.18 0.19 0.20 0.21 0.20 0.20 0.21 0.21 0.21 0.24 29
▇▇▇-▇▇▇▇-▇▇
▇▇▇▇▇ RE LIFE COMPANY AMERICA
NON REFUND YEARLY RENEWABLE TERM REINSURANCE
ADDITIONAL PREMIUM PER $1000 OF ONE YEAR RENEWABLE TERM
REINSURANCE FOR EACH 25% OF EXCESS MORTALITY
MALE SUBSTANDARD RISK
AGE NEAREST BIRTHDAY
POLICY YEAR
ISSUE 1 2 3 4 5 6 7 8 9 10 11+ ATTAINED
AGE AGE
20 0.16 0.17 0.19 0.19 0.20 0.19 0.19 0.20 0.20 0.20 0.24 30
21 0.15 0.16 0.18 0.18 0.18 0.18 0.18 0.19 0.19 0.20 0.25 31
22 0.14 0.15 0.17 0.17 0.17 0.17 0.17 0.18 0.18 0.19 0.26 32
23 0.14 0.15 0.16 0.17 0.17 0.17 0.17 0.18 0.19 0.20 0.27 33
24 0.13 0.14 0.16 0.17 0.17 0.17 0.18 0.19 0.20 0.21 0.28 34
25 0.13 0.14 0.16 0.16 0.17 0.17 0.18 0.19 0.21 0.23 0.29 35
26 0.12 0.13 0.16 0.16 0.17 0.17 0.18 0.20 0.22 0.24 0.31 36
27 0.12 0.13 0.15 0.16 0.16 0.17 0.19 0.20 0.23 0.25 0.34 37
28 0.12 0.14 0.16 0.17 0.18 0.19 0.20 0.23 0.26 0.28 0.37 38
29 0.13 0.15 0.17 0.18 0.19 0.21 0.23 0.25 0.29 0.32 0.40 39
30 0.14 0.16 0.18 0.19 0.21 0.23 0.25 0.28 0.32 0.36 0.44 40
31 0.15 0.17 0.19 0.21 0.22 0.25 0.27 0.31 0.35 0.40 0.48 41
32 0.15 0.18 0.20 0.22 0.24 0.27 0.30 0.34 0.39 0.44 0.54 42
33 0.16 0.19 0.22 0.24 0.27 0.30 0.33 0.38 0.43 0.49 0.60 43
34 0.16 0.20 0.23 0.26 0.29 0.33 0.37 0.42 0.48 0.54 0.66 44
35 0.17 0.20 0.25 0.29 0.32 0.36 0.41 0.46 0.53 0.60 0.73 45
36 0.17 0.22 0.27 0.31 0.35 0.40 0.45 0.51 0.58 0.66 0.81 46
37 0.18 0.23 0.29 0.34 0.39 0.44 0.50 0.56 0.64 0.73 0.89 47
38 0.19 0.25 0.32 0.38 0.43 0.49 0.56 0.63 0.71 0.80 0.99 48
39 0.21 0.28 0.35 0.42 0.47 0.55 0.62 0.70 0.79 0.89 1.10 49
40 0.23 0.31 0.39 0.47 0.52 0.61 0.69 0.77 0.87 0.98 1.21 50
41 0.25 0.35 0.43 0.52 0.57 0.68 0.76 0.86 0.96 1.07 1.33 51
42 0.28 0.39 0.48 0.57 0.63 0.75 0.84 0.95 1.06 1.18 1.47 52
43 0.30 0.41 0.52 0.62 0.69 0.81 0.92 1.03 1.15 1.28 1.61 53
44 0.32 0.44 0.56 0.67 0.76 0.88 1.00 1.12 1.25 1.38 1.77 54
▇▇▇-▇▇▇▇-▇▇
▇▇▇▇▇ RE LIFE COMPANY AMERICA
NON REFUND YEARLY RENEWABLE TERM REINSURANCE
ADDITIONAL PREMIUM PER $1000 OF ONE YEAR RENEWABLE TERM
REINSURANCE FOR EACH 25% OF EXCESS MORTALITY
MALE SUBSTANDARD RISK
AGE NEAREST BIRTHDAY
POLICY YEAR
ISSUE 1 2 3 4 5 6 7 8 9 10 11+ ATTAINED
AGE AGE
45 0.34 0.48 0.61 0.73 0.83 0.96 1.10 1.22 1.35 1.50 1.94 55
46 0.37 0.51 0.66 0.79 0.90 1.04 1.20 1.33 1.47 1.63 2.12 56
47 0.40 0.55 0.72 0.86 0.99 1.14 1.30 1.45 1.59 1.77 2.33 57
48 0.42 0.60 0.78 0.93 1.06 1.24 1.43 1.59 1.74 1.94 2.56 58
49 0.44 0.64 0.85 1.01 1.14 1.35 1.57 1.75 1.91 2.13 2.80 59
50 0.47 0.70 0.92 1.09 1.23 1.47 1.72 1.92 2.09 2.34 3.07 60
51 0.50 0.76 1.00 1.18 1.33 1.61 1.89 2.10 2.29 2.56 3.36 61
52 0.53 0.82 1.08 1.28 1.43 1.75 2.07 2.30 2.51 2.81 3.63 62
53 0.57 0.87 1.16 1.38 1.54 1.86 2.20 2.44 2.67 2.99 3.92 63
54 0.61 0.92 1.25 1.50 1.66 1.98 2.34 2.59 2.83 3.20 4.24 64
55 0.65 0.98 1.35 1.62 1.79 2.11 2.49 2.75 3.02 3.42 4.58 65
56 0.69 1.05 1.45 1.75 1.93 2.25 2.65 2.93 3.22 3.66 4.96 66
57 0.74 1.12 1.56 1.89 2.09 2.41 2.83 3.13 3.44 3.92 5.37 67
58 0.83 1.24 1.74 2.12 2.33 2.64 3.05 3.38 3.75 4.29 5.81 68
59 0.93 1.37 1.92 2.38 2.60 2.89 3.29 3.66 4.09 4.70 6.30 69
60 1.04 1.52 2.13 2.65 2.89 3.17 3.56 3.97 4.47 5.14 6.82 70
61 1.15 1.68 2.35 2.95 3.21 3.46 3.84 4.30 4.87 5.62 7.40 71
62 1.28 1.85 2.59 3.27 3.56 3.79 4.15 4.66 5.32 6.14 8.01 72
63 1.44 2.07 2.83 3.53 3.89 4.16 4.56 5.08 5.81 6.76 8.67 73
64 1.62 2.31 3.10 3.80 4.25 4.57 5.01 5.53 6.34 7.42 9.40 74
65 1.81 2.57 3.39 4.10 4.64 5.01 5.50 6.03 6.92 8.15 10.19 75
66 2.02 2.85 3.70 4.43 5.07 5.49 6.02 6.57 7.55 8.95 11.05 76
67 2.24 3.16 4.05 4.79 5.54 6.02 6.60 7.16 8.24 9.81 12.06 77
68 2.49 3.50 4.49 5.34 6.18 6.73 7.38 8.02 9.19 10.92 13.17 78
69 2.75 3.87 4.97 5.95 6.88 7.51 8.24 8.96 10.23 12.13 14.37 79
NRN-6514-12
SWISS RE LIFE COMPANY AMERICA
NON REFUND YEARLY RENEWABLE TERM REINSURANCE
ADDITIONAL PREMIUM PER $1000 OF ONE YEAR RENEWABLE TERM
REINSURANCE FOR EACH 25% OF EXCESS MORTALITY
MALE SUBSTANDARD RISK
AGE NEAREST BIRTHDAY
POLICY YEAR
ISSUE 1 2 3 4 5 6 7 8 9 10 11+ ATTAINED
AGE AGE
70 3.04 4.28 5.50 6.61 7.65 8.36 9.17 10.00 11.36 13.45 15.68 80
71 3.35 4.72 6.07 7.32 8.49 9.29 10.18 11.11 12.59 14.88 17.11 81
72 3.69 5.20 6.69 8.11 9.40 10.29 11.28 12.34 13.93 16.45 18.82 82
73 4.04 5.70 7.33 8.87 10.26 11.21 12.24 13.37 15.10 17.86 20.68 83
74 4.41 6.24 8.02 9.70 11.19 12.20 13.29 14.50 16.37 19.40 22.72 84
75 4.82 6.82 8.78 10.61 12.22 13.28 14.44 15.73 17.76 21.08 24.93 85
76 5.27 7.46 9.61 11.60 13.33 14.46 15.68 17.06 19.27 22.91 27.35 86
77 5.75 8.16 10.51 12.68 14.54 15.75 17.04 18.53 20.92 24.90 29.51 87
78 6.26 8.85 11.40 13.73 15.78 17.09 18.55 20.05 22.56 26.55 31.87 88
79 6.81 9.60 12.38 14.87 17.13 18.56 20.19 21.72 24.34 28.35 34.45 89
80 7.41 10.42 13.44 16.12 18.60 20.16 21.98 23.54 26.29 30.31 37.25 90
81 8.06 11.31 14.60 17.48 20.20 21.90 23.93 25.52 28.40 32.45 40.31 91
82 8.77 12.28 15.87 18.96 21.95 23.79 26.05 27.68 30.71 34.78 42.81 92
83 9.52 13.36 17.20 20.40 23.37 25.07 27.29 29.09 32.48 36.87 45.54 93
84 10.33 14.53 18.66 21.96 24.92 26.45 28.65 30.62 34.41 39.15 48.52 94
85 11.22 15.81 20.25 23.68 26.61 27.97 30.13 32.30 36.52 41.64 51.76 95
86 12.19 17.19 21.98 25.54 28.44 29.61 31.73 34.12 38.81 44.35 55.30 96
87 13.25 18.71 23.86 27.57 30.45 31.41 33.49 36.11 41.31 47.30 57.68 97
88 13.94 19.59 25.07 29.15 32.26 33.36 35.50 37.99 42.71 48.15 60.27 98
89 14.69 20.54 26.38 30.87 34.23 35.50 37.69 40.03 44.24 49.08 0.00 99
NRN-6514-13
REPORTING REQUIREMENTS
EXHIBIT E - 1
Ceding Company: The Guardian Insurance and Annuity Company, Inc.
Reinsurer: The Guardian Life Insurance Company of America
Policy Detail Monthly Report
____________, 19__
For each coverage show:
1. Policy Number
2. Full Name of Insured
3. Sex
4. Date of Birth
5. Policy Face Amount
6. Retention Amount
7. Reinsurance Ceded Amount
8. Reinsurance Risk Amount
9. Plan and/or Plan Code
10. Policy Date
11. Transaction Effective Date
12. Transaction Code
13. Automatic/Facultative Indicator
14. Rating
15. Smoker/Non Smoker Indicator
16. First Year/Renewal Indicator
17. Current Premiums
(a) Life, including substandard table rating
(b) Substandard Flat Extras
(c) Waiver of Premium
18. Total Premium Due
Please provide separate reports for new business, first year renewals, regular
renewals, reinstatements, deaths, recaptures, other terminations and changes.
First year and renewal accounts should be shown separately.
EXHIBIT E - 2
Ceding Company: The Guardian Insurance and Annuity Company, Inc.
Reinsurer: The Guardian Life Insurance Company of America
Summary Premium Report
For ____________, 19__
Total First Year Life Premiums ____________
Total First Year Disability Premiums ____________
Total First Year Premiums Due ____________
Total Renewal Life Premiums ____________
Total Renewal Disability Premiums ____________
Total Renewal Premiums Due ____________
Grand Total ____________
EXHIBIT E - 3
Ceding Company: The Guardian Insurance and Annuity Company, Inc.
Reinsurer: The Guardian Life Insurance Company of America
Policy Exhibit for ____________, 19__
---------------------------------Current Period---------------------------------
Number Amount
of Policies of Reinsurance
----------- --------------
In-force Beg. of Period
Paid For
Revivals
Other Increases
Total Increases
Deaths
Recaptures
Expiries
Lapses
Other Decreases
Total Decreases
In-Force End of Period
----------------------------------Year-to-Date----------------------------------
Number Amount
of Policies of Reinsurance
----------- --------------
In-force Beg. of Year
Paid For
Revivals
Other Increases
Total Increases
Deaths
Recaptures
Expiries
Lapses
Other Decreases
Total Decreases
In-Force End of Year
EXHIBIT E - 4
Ceding Company: The Guardian Insurance and Annuity Company, Inc.
Reinsurer: The Guardian Life Insurance Company of America
Reserve Credit Taken for Quarter ending ______________, 19__
I. Statutory Reserves
Coverage Reserve Basis Reinsurance Amount Reserve
Life _______________ ____________________ _______________
_______________ ____________________ _______________
_______________ ____________________ _______________
Life Subtotal ____________________ _______________
Substandard Extra _______________ ____________________ _______________
(Show table & flat _______________ ____________________ _______________
extra separately) _______________ ____________________ _______________
Substd Subtotal ____________________ _______________
Waiver of Premium _______________ ____________________ _______________
_______________ ____________________ _______________
W/P Subtotal ____________________ _______________
Miscellaneous _______________
(by type: Pre _______________
and Post Term _______________
Conversion, etc.) _______________
Grand Total _______________
II. Tax Reserves
Coverage Reserve Basis Reinsurance Amount Reserve
Life _______________ ____________________ _______________
_______________ ____________________ _______________
_______________ ____________________ _______________
Life Subtotal ____________________ _______________
Substandard Extra _______________ ____________________ _______________
(mortality table _______________ ____________________ _______________
extras only) _______________ ____________________ _______________
Substd Subtotal _______________
GIAC/GUARDIAN
Treaty ▇▇▇▇ (▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇/▇▇▇▇ ▇▇▇▇▇▇ Variable Universal Life) Risk Premium
Reinsurance Treaty - effective 9/1/95