3069-00-00
AUTOMATIC RISK PREMIUM REINSURANCE AGREEMENT
BETWEEN
ALLMERICA FINANCIAL LIFE INSURANCE AND ANNUITY COMPANY
(HEREINAFTER CALLED THE "CEDING COMPANY")
WORCESTER, MASSACHUSETTS
and
RGA REINSURANCE COMPANY
(HEREINAFTER CALLED THE "REINSURER")
ST. LOUIS, MISSOURI, USA
THIS AGREEMENT IS EFFECTIVE JANUARY 1, 1998
TABLE OF CONTENTS
ARTICLE TITLE PAGE
------- ----- ----
I Parties to the Agreement 3
II Commencement, Termination and Continuance of Reinsurance 3
III Scope 4
IV Coverage 5
V Liability 5
VI Recapture 5
VII Reinsurance Premiums And Allowances 6
VIII Reserves 6
IX Terminations, Reductions And Increases 6
X Policy Alterations 7
XI Policy Administration And Premium Accounting 8
XII Claims 9
XIII Arbitration 10
XIV Insolvency 11
XV Right To Inspect 12
XVI Unintentional Errors, Misunderstandings Or Omissions 12
XVII Choice of Law, Forum and Language 12
XVIII Alterations to the Agreement 13
XIX Execution of the Agreement 14
SCHEDULES
I Reinsurance Specifications 15
II Business Covered 19
III Reinsurance Premiums 21
IV Limits 24
V Reinsurance Specifications 25
VI Sample Policy Exhibit 26
VII Definitions 27
2
ARTICLE I
PARTIES TO THE AGREEMENT
Reinsurance required by the Ceding Company will be assumed by the Reinsurer as
described in the terms of this Agreement.
This is an Agreement solely between the Reinsurer and the Ceding Company. In no
instance will anyone other than the Reinsurer or the Ceding Company have any
rights under this Agreement, and the Ceding Company is and will remain solely
liable to any insured, policyowner, or beneficiary under the Original Policies
reinsured hereunder.
The current general and special Policy conditions, the premium schedules, and
underwriting guidelines of the Ceding Company, applying to the business covered
by this Agreement as set out in the Schedules, will form an integral part of
this Agreement. Additions or alterations to any of these conditions or schedules
will be reported to the Reinsurer without delay. In the case of significant
changes, both parties to the Agreement must agree to the new reinsurance
conditions.
ARTICLE II
COMMENCEMENT, TERMINATION AND CONTINUANCE OF REINSURANCE
1. AGREEMENT COMMENCEMENT
Notwithstanding the date on which this Agreement is signed, this
Agreement will take effect on the date shown in the attached Schedule I,
and applies to business inforce on this date.
2. AGREEMENT TERMINATION
This Agreement will be in effect for an indefinite period.
3. POLICY TERMINATION
If a Policy is terminated by death, lapse, surrender or otherwise, the
reinsurance will terminate on the same date. If premiums have been paid
on the reinsurance for a period beyond the termination date, refunds will
follow the terms as shown in Schedule I.
If a Policy continues in force without payment of the cost of insurance
fee during any days of grace pending its surrender, whether such
continuance be as a result of a Policy provision or a practice of the
Ceding Company, the reinsurance will also continue without payment of
premium and will terminate on the same date as the Ceding Company's risk
terminates.
3
ARTICLE III
SCOPE
1. CURRENCY
All reinsurance to which the provisions of this Agreement apply will be
effected in the same currencies as that expressed in the Original
Policies and as shown in Schedule I.
2. THE REINSURER'S SHARE
The Reinsurer's Share is as shown in Schedule I.
3. BASIS OF REINSURANCE
Plans of insurance listed in Schedule II will be reinsured on the basis
described in Schedule I, using the rates given in the Rate Table as shown
in Schedule III.
4. REINSURANCE ALLOWANCES
The Reinsurer will pay to the Ceding Company the reinsurance allowance,
if any, as shown in Schedule III. If any reinsurance premiums or
installments of reinsurance premiums are returned to the Ceding Company,
any corresponding reinsurance allowance previously credited to the Ceding
Company will be reimbursed to the Reinsurer.
5. POLICY FEES
Policy fees, if any, are as shown in Schedule III.
6. TAXES
Taxes, if any, are shown in Schedule I.
7. EXPERIENCE REFUND OR PROFIT COMMISSION
If an experience refund or profit commission is payable under this
Agreement, the conditions and formula are as shown in Schedule I.
8. EXPENSE OF THE ORIGINAL POLICY
The Ceding Company will bear the expense of all medical examinations,
inspection fees and other charges incurred in connection with the
original policy.
9. DEFINITIONS
General definitions for terms used in this Agreement are as shown in
Schedule VII.
4
ARTICLE IV
COVERAGE
AUTOMATIC PROVISIONS
For each risk on which reinsurance is ceded, only the currently
non-reinsured portion of the net amount at risk will be ceded to the
Reinsurer, subject to the limits given in Schedule IV.
The Ceding Company must cede and the Reinsurer must automatically accept
reinsurance, if all of the following conditions are met for each life:
1. The basic plan or supplementary benefit, if any, is shown in
Schedule II;
2. The risk was issued on or before December 31, 1997; and
3. The risk is a resident of the countries, as shown in Schedule I.
ARTICLE V
LIABILITY
The liability of the Reinsurer for all claims will commence as of the Effective
Date of this Agreement and will cease at the same time as the liability of the
Ceding Company ceases.
ARTICLE VI
RECAPTURE
The Ceding Company may recapture reinsurance inforce in accordance with the
following rules:
1. No recapture will be made unless reinsurance has been in force for the
minimum period shown in Schedule I.
2. Recapture will become effective on the policy anniversary date following
written notification of the Ceding Company's intent to recapture.
3. If any reinsurance is recaptured, all reinsurance eligible for recapture,
under the provisions of this Article, must be recaptured.
5
ARTICLE VII
REINSURANCE PREMIUMS AND ALLOWANCES
1. LIFE REINSURANCE
Premiums for Life and Supplemental Benefit reinsurance will be as shown
in Schedule III.
2. SUBSTANDARD PREMIUMS
Premiums will be increased by any (flat) extra premium or substandard
premium as shown in Schedule III, charged the insured on the face amount
initially reinsured.
3. SPECIAL RISKS
The Reinsurer will receive a proportionate share of any extra premiums
the Ceding Company may collect for the coverage of special risks
(traveling, climate, occupation, etc.). This share will be based on the
ratio between initial amount reinsured and the total initial benefits
insured and will remain constant throughout the entire period of premium
payment.
ARTICLE VIII
RESERVES
Reserve requirements of the Ceding Company, if any, are as shown in Schedule I.
ARTICLE IX
TERMINATIONS, REDUCTIONS AND INCREASES
Terminations or reductions will take place in accordance with the following
rules in order of priority:
1. Termination or reduction of a wholly reinsured policy will not affect
other reinsurance inforce.
2. If the Policies are reinsured with multiple reinsurers, the reinsurance
with the other reinsurers will be reduced first. The Reinsurer's coverage
will not be reduced until all other reinsurance on the Policies has been
terminated.
3. When a policy is reinstated, reinsurance will be reinstated as if the
lapse or reduction had not occurred.
If the insurance reinsured under this Agreement increases:
1. and the increase is subject to new underwriting evidence, according to
the Ceding Company's standard underwriting practices and guidelines, the
reinsurance premium will be based on the issue age and risk class for the
increase amount.
2. and the increase is due to changes in amount at risk due to fluctuation
in the policy's cash value, the Reinsurer will accept automatically the
increase in reinsurance at the current premium on the risk, not to exceed
the automatic binding limit.
6
ARTICLE X
POLICY ALTERATIONS
1. REINSTATEMENT
Any policy originally reinsured in accordance with the terms and
conditions of this Agreement by the Ceding Company may be automatically
reinstated with the Reinsurer as long as the policy is reinstated in
accordance with the terms and rules of the Ceding Company. Any policy
originally reinsured with the Reinsurer on a facultative basis which has
been in a lapsed status for more than ninety (90) days must be submitted
with underwriting requirements and approved by the Reinsurer before it is
reinstated. The Ceding Company will pay the Reinsurer its share of
amounts collected or charged for the reinstatement of such policies.
2. EXCHANGES OR CONVERSIONS
Exchanges or Conversions from a policy reinsured under this Agreement to
a new policy -- either to a plan insurance covered under this Agreement
or to a plan of insurance not covered under this Agreement - will
continue to be reinsured under this Agreement; the amount of reinsurance
under this Agreement will not exceed the amount of the reinsurance on the
original policy with the Reinsurer immediately prior to the exchange
conversion. Premiums will continue on a point-in-scale basis under the
original terms.
Note: An original date policy Reissue will not be treated as a continuation of
the original policy. It will be treated as a new policy and the original
policy will be treated as Not Taken. All premiums previously paid to the
Reinsurer for the original policy will be refunded to the Ceding Company.
All premiums will be due on the new policy from the original issue date
of the old policy.
Note: If the Ceding Company, its affiliates, successors or assignees, initiate
a Re-Entry Program that would include any of the policies reinsured under
this Agreement, the Ceding Company will immediately notify the Reinsurer
of terms and incentives offered in the Re-Entry Program. If the Reinsurer
finds the terms and incentives offered in the Re-Entry Program
acceptable, the Reinsurer will treat such policies as Exchanges or
Conversions. For purposes of this Agreement, the term "Re-Entry" means
any wholesale replacement or similar program.
3. POLICY VALUES
If the Ceding Company alters the policy values, (e.g. COI charges,
credited rates, M&E fees, etc.) in such a way as could reasonably be
construed as being intended to cause lapsation or replacement of the
policies, then the Allowance Adjustments provision as shown in Schedule
III will no longer apply. If the Reinsurer implements a change in the
Rate Table Multiple in accordance with the Premium Adjustments provision
of Schedule III, at a time which the Allowance Adjustments provision no
longer applies, the Ceding Company may recapture business with ninety
(90) days written notice to the Reinsurer. The Ceding Company will notify
the Reinsurer of any changes to policy values on a timely basis.
7
ARTICLE XI
POLICY ADMINISTRATION AND PREMIUM ACCOUNTING
1. ACCOUNTING PERIOD AND PREMIUM DUE
The Ceding Company will submit accounts to the Reinsurer, for reporting
new business, alterations, termination, renewals, claims, and premium
due, as shown in Schedules V and VI. Subject to change, accounts shall be
submitted to the attention of:
▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Work Coordinator
Client Services
RGA Reinsurance Company
P. 0. ▇▇▇ ▇▇▇▇▇▇
▇▇. ▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇
2. ACCOUNTING ITEMS
The accounts will contain a list of premiums due for the current
accounting period, explain the reason for each premium payment, show
premium subtotals adequate to use for premium accounting, including first
year and renewal year premiums and allowances. The account information
should provide the ability to evaluate retention limits, premium
calculations and to establish reserves.
3. REINSURANCE ADMINISTRATION REQUIREMENTS
Reinsurance Administration Requirements are as shown in Schedule V.
4. PAYMENT OF BALANCES
The Ceding Company will pay any balance due the Reinsurer, at the same
time as the account is rendered, but in all cases, by the Accounting and
Premium Due frequency as shown in Schedule I. The Reinsurer will pay a
balance due the Ceding Company, at the same time as the account is
confirmed, however, at the latest, within thirty (30) days after receipt
of the statement of account. Should the Reinsurer be unable to confirm
the account in its entirety, the confirmed portion of the balance will be
paid immediately. As soon as the account has been fully confirmed, the
difference will be paid immediately by the debtor. All balances not paid
within thirty (30) days of the due date shown on the statement will be in
default.
5. BALANCES IN DEFAULT
The Reinsurer will have the right to terminate this Agreement, when
balances are in default, by giving ninety (90) days written notice of
termination to the Ceding Company. As of the close of the last day of
this ninety (90) day notice period, the Reinsurer's liability for all
risks reinsured under this Agreement will terminate. The first day of
this ninety (90) day notice of termination, resulting from default as
described in paragraph four of this Agreement, will be the day the notice
is received in the mail by the Ceding Company, or if the mail is not
used, the day it is delivered to the Ceding Company. If all balances in
default are received within the ninety (90) day time period, the
Agreement will remain in effect. The interest payable on balances in
default is stipulated as shown Schedule I.
6. OFFSET
Any amounts due, by either of the parties to this Agreement, whether they
arise out of this Agreement, or out of any other reinsurance relationship
between the parties, may be offset against the claims of the other party.
This right will continue to exist after the termination of this
Agreement, or of any business relationship between parties.
8
ARTICLE XII
CLAIMS
1. NOTICE
The Ceding Company will promptly notify the Reinsurer of all claims.
2. PROOFS
In every case of loss, copies of the proofs obtained by the Ceding
Company will be taken by the Reinsurer as sufficient. Copies thereof,
together with proof of the amount paid on such claim by the Ceding
Company will be furnished to the Reinsurer when requesting its share of
the claim.
3. PAYMENT OF BENEFITS
The Reinsurer will pay its share of all payable claims, however, if the
amount reinsured with the Reinsurer is more than the amount retained by
the Ceding Company and the claim is contestable, all papers in connection
with such claim, including all underwriting and investigation papers,
must be submitted to the Reinsurer for recommendation before admission of
any liability on the part of the Ceding Company. If the Reinsurer intends
to contest a contestable claim, it shall notify the Ceding Company in
writing within 10 business days after receiving such papers.
If the Ceding Company believes a claim is payable but the Reinsurer
recommends that said claim be contested, compromised or litigated, the
Reinsurer shall be solely responsible and liable for all expenses,
judgments and awards for extra-contractual damages arising out of the
contest, compromise or litigation of said claim. In such case, the Ceding
Company shall be responsible only for its share of the claim and claim
expenses and shall have no further liability with respect to said claim.
If the amount of insurance changes because of a misstatement of rate
classification, the Reinsurer's share of reinsurance liability will
change proportionately.
4. CONTESTED CLAIMS
The Ceding Company shall notify the Reinsurer of its intention to
contest, compromise or litigate a claim. Before taking any such action,
the Ceding Company shall promptly furnish its underwriting and claim
files to the Reinsurer for its review and determination as to whether it
agrees with the Ceding Company's proposed action.
If the Reinsurer agrees with the Ceding Company's proposed action
regarding the claim or fails to indicate its disagreement with the Ceding
Company's proposed action in writing within 10 business days after
receiving the underwriting and claim files, the Reinsurer shall be liable
for and shall pay its proportionate share of settlement, judgment or
award, including extra-contractual damages awarded against the Ceding
Company, in connection with said claim.
If the Reinsurer disagrees with the Ceding Company's proposed action, and
believes the claim in question should be paid, the Reinsurer shall so
advise the Ceding Company in writing within 10 business days after
receiving the underwriting and claim files. The Reinsurer shall then
return the underwriting file to the Ceding Company and promptly pay its
share of the claim and claim expenses to the Ceding Company and shall
have no further liability with respect to said claim.
9
5. EXTRA CONTRACTUAL OBLIGATIONS
Except as indicated above, in no event will the following categories of
expenses or liabilities be reimbursed:
a. Routine investigative or administrative expenses;
b. Salaries of employees or other internal expenses of the Ceding
Company or the original issuing companies;
c. Extra contractual damages, including punitive damages and exemplary
damages; or
d. Expenses incurred in connection with a dispute or contest arising
out of conflicting or any other claims of entitlement to policy
proceeds or benefits.
ARTICLE XIII
ARBITRATION
1. GENERAL
The parties agree to act in all things with the highest good faith.
However, if the parties cannot mutually resolve a dispute or claim, which
arises out of, or in connection with this Agreement, including formation
and validity, and whether arising during, or after the period of this
Agreement, the dispute or claim will be referred to arbitration tribunal
(a group of three arbitrators), and settled through arbitration.
The arbitrators will be individuals, other than from the contracting
companies, including those who have retired, with more than ten (10)
years insurance or reinsurance experience within the life insurance
industry.
The arbitrators will base their decision on the terms and conditions of
this Agreement plus, as necessary, on the customs and practices of the
insurance and reinsurance industry rather than solely on a strict
interpretation of the applicable law; there will be no appeal from their
decision, and any court having jurisdiction of the subject matter, and
the parties, may reduce that decision to judgment.
2. NOTICE
To initiate arbitration, either party will notify the other party by
Certified Mail of its desire to arbitrate, stating the nature of the
dispute and the remedy sought. The party to which the notice is sent will
respond to the notification in writing within ten (10) days of its
receipt.
3. PROCEDURE
Each of the two parties will appoint one arbitrator, and these two
arbitrators will select the third arbitrator. Upon the selection of the
third arbitrator, the arbitration tribunal will be constituted, and the
third arbitrator will act as Chairman of the tribunal.
10
If either party fails to appoint an arbitrator within sixty (60) days
after the other party has given notice of appointing an arbitrator, then
the Arbitration Association, as shown in Schedule I, will appoint an
arbitrator for the party that has failed to do so.
The party that has failed to appoint an arbitrator will be responsible
for all expenses levied by the Arbitration Association, for such
appointment. Should the two arbitrators be unable to agree on the choice
of the third arbitrator, then the appointment of this arbitrator is left
to the Arbitration Association. Such expense shall be borne equal by each
party to this Agreement.
The tribunal, may in its sole discretion make orders and directions as it
considers to be necessary for the final determination of the matters in
dispute. Such orders and directions may be necessary with regard to
pleadings, discovery, inspection of documents, examination of witnesses
and any other matters relating to the conduct of arbitration. The
tribunal, will have the widest discretion permissible under the law, and
practice of the place of arbitration, when making such orders or
directions.
4. ARBITRATION COSTS
All costs of the arbitration will be determined by the tribunal, which
may take into account the law and practice of the place of arbitration,
and in what manner arbitration costs will be paid, and by whom.
5. PLACE OF ARBITRATION
The place of arbitration is as shown in Schedule I.
6. ARBITRATION SETFLEMENT
The award of the tribunal, will be in writing, and binding upon the
consenting parties.
ARTICLE XIV
INSOLVENCY
In the event of the insolvency of the Ceding Company, all reinsurance will be
payable directly to the liquidator, receiver, or statutory successor of the
Ceding Company without diminution.
In the event of insolvency of the Ceding Company, the liquidator, receiver, or
statutory successor will immediately give written notice to the Reinsurer of all
pending claims against the Ceding Company on any policies reinsured. While a
claim is pending, the Reinsurer may investigate and interpose, at its own
expense, in the proceedings where the claim is adjudicated, any defense or
defenses which it may deem available to the Ceding Company or its liquidator,
receiver, or statutory successor. The expense incurred by the Reinsurer will be
chargeable, subject to court approval against the Ceding Company as part of the
expense of 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 Reinsurer. Where two or more Reinsurers are participating in
the same claim and a majority in interest elect to interpose a defense or
defenses to any such claim, expense will be apportioned in accordance with the
terms of the reinsurance agreement as though such expense had been incurred by
the Ceding Company.
11
Any debts or credits, matured or unmatured, liquidated or unliquidated, in favor
of or against, either the Reinsurer or the Ceding Company, with respect to this
Agreement or with respect to any other claim of one party against the other, are
deemed mutual debts or credits, as the case may be, and will be offset, and only
the balance will be allowed or paid.
ARTICLE XV
RIGHT TO INSPECT
Upon request, the Ceding Company will furnish the Reinsurer with detailed
information concerning the risks reinsured under this Agreement. In particular
the Reinsurer will be entitled to request that:
1. Copies of the whole or part of any documents relating to the risks and
their reinsurance be made available to the Reinsurer at its own expense;
2. During the Ceding Company's normal office hours, these documents will be
made available to a representative of the Reinsurer who will be named in
advance; notification of such visits will normally be given two weeks in
advance and even in urgent cases at least forty-eight hours in advance;
and
3. The Reinsurer will have this right of inspection as long as one of the
two parties to this Agreement is claiming from the other.
ARTICLE XVI
UNINTENTIONAL ERRORS, MISUNDERSTANDINGS OR OMISSIONS
It is expressly understood and agreed that if failure to comply with any terms
of this Agreement is hereby shown to be the result of an unintentional error,
misunderstanding or omission, on the part of either the Ceding Company or the
Reinsurer, both the Ceding Company and the Reinsurer, will be restored to the
position they would have occupied, had no such error, misunderstanding or
omission occurred, subject always to the correction of the error,
misunderstanding or omission.
ARTICLE XVII
CHOICE OF LAW, FORUM, AND LANGUAGE
1. CHOICE OF LAW AND FORUM
While the parties anticipate that any disputes with respect to this
Agreement will be resolved via arbitration pursuant to Article XIII, to
the extent a question should arise as to which state's laws govern this
Agreement, which state has jurisdiction with respect thereto, the
Agreement will in all respects be governed by and construed in accordance
with the law and exclusive jurisdiction of the courts as shown in
Schedule I.
2. LANGUAGE
The Parties hereto acknowledge and agree that, even though they may
execute this Agreement in both an English version and in another
language, as shown in Schedule I, the version as shown in Schedule I will
control for all legal purposes in the event of any inconsistency between
or disagreement between the two versions.
12
ARTICLE XVIII
ALTERATIONS TO THE AGREEMENT
This reinsurance Agreement constitutes the entire Agreement between the parties,
with respect to the business being reinsured hereunder, and there are no
understandings between the parties other than as expressed in this Agreement.
Any alterations to the provisions of this Agreement will be made by Amendment,
Addenda or by correspondence attached to the Agreement embodying such
alterations as may be agreed upon and signed by both parties. These documents
will be regarded as part of this Agreement and will be equally binding.
13
ARTICLE XIX
EXECUTION OF THE AGREEMENT
IN WITNESS OF THE ABOVE,
ALLMERICA FINANCIAL LIFE INSURANCE AND ANNUITY COMPANY
OF
WORCESTER, MASSACHUSETTS
AND
RGA REINSURANCE COMPANY
OF
ST. LOUIS, MISSOURI, USA
HAVE BY THEIR RESPECTIVE OFFICERS EXECUTED AND DELIVERED THIS AGREEMENT IN
DUPLICATE ON THE DATES INDICATED BELOW:
ALLMERICA FINANCIAL LIFE INSURANCE AND ANNUITY COMPANY
By: /s/ By: /s/
--------------------------- -------------------------
Title: Vice President Title:
------------------------ ----------------------
Date: 2/6/98
-------------------------
RGA REINSURANCE COMPANY
By: /s/
---------------------------
Title: Senior Vice President
------------------------
Date: 2/3/98
-------------------------
14
SCHEDULE I
REINSURANCE SPECIFICATIONS
COMMENCEMENT, TERMINATION AND CONTINUANCE OF REINSURANCE, ARTICLE II:
1. EFFECTIVE DATE: This Agreement applies to policies
inforce with the Ceding Company on
January 1, 1998.
2. POLICY TERMINATION: REFUNDS: Unearned premium will be refunded on
lapses, terminations and death.
SCOPE, ARTICLE III:
1. CURRENCY: United States Dollars ("US$")
2. THE REINSURER'S SHARE: Quota Share 100%
3. BASIS OF REINSURANCE: Risk Premium (YRT)
4. REINSURANCE ALLOWANCE: See Schedule III, Reinsurance
Premiums
5. POLICY FEES: See Schedule III, Reinsurance
Premiums
6. TAXES: DAC
DAC TAX REGULATIONS
The Ceding Company and the Reinsurer hereby agree to the following
pursuant to Section 1.848-2(g)(8) of the Income Tax Regulations
issued December 29, 1992, under Section 848 of the Internal Revenue
Code of 1986, as amended.
1. The term "party" will refer to either the Ceding Company or the
Reinsurer as appropriate.
2. The terms used in this Article are defined by reference to
Treasury Regulation Section 1.848-2 in effect as of December
29, 1992. The term "net consideration" will refer to net
consideration as defined in Treasury Regulation Section
1.848-2(f).
15
SCOPE, ARTICLE III: (CONTINUED)
6. TAXES: (CONINUED)
3. The party with the net positive consideration for this
Agreement for each taxable year will capitalize specified
policy acquisition expenses with respect to this Agreement
without regard to the general deductions limitation of IRS
Section 848(c)(1).
4. The Ceding Company and the Reinsurer agree to exchange
information pertaining to the amount of net consideration under
this Agreement each year to ensure consistency. The Ceding
Company and the Reinsurer also agree to exchange information
which may be otherwise required by the IRS.
5. The Ceding Company will submit a schedule to the Reinsurer by
June 1 of each year of its calculation of the net consideration
for the preceding calendar year. This schedule of calculations
will be accompanied by a statement signed by an officer of the
Ceding Company stating that the Ceding Company will report such
net consideration in its tax return for the preceding calendar
year.
6. The Reinsurer may contest such calculation by providing an
alternative calculation to the Ceding Company. If the Reinsurer
does not so notify the Ceding Company, the Reinsurer will
report the net consideration as determined by the Ceding
Company in the Reinsurer's tax return for the previous calendar
year.
7. If the Reinsurer contests the Ceding Company's calculation of
the net consideration, the parties will act in good faith to
reach an agreement as to the correct amount. If the Ceding
Company and the Reinsurer reach agreement on an amount of net
consideration, each party will report such amount in their
respective tax returns for the previous calendar year. If the
Ceding Company and the Reinsurer fail to reach agreement on an
amount of net consideration, each party may choose to report
their own determination of net consideration on their
respective tax returns.
PREMIUM TAX: Premium Tax will not be reimbursed.
COVERAGE, ARTICLE IV:
1. PLAN(S) AND RIDER(S): See Schedule II, Business Covered
2. RESIDENCE: United States, Canada, Puerto Rico
or Guam
RECAPTURE, ARTICLE VI:
MINIMUM RECAPTURE PERIOD: Ten (10) years
16
REINSURANCE PREMIUMS AND ALLOWANCES, ARTICLE VII:
1. LIFE REINSURANCE: See Schedule III, Reinsurance
Premiums
2. SUBSTANDARD PREMIUMS: See Schedule III, Reinsurance
Premiums
RESERVES, ARTICLE VIII:
The Ceding Company agrees to post on its books any deficiency reserves on
the coverage reinsured under this Agreement.
POLICY ALTERATIONS (ARTICLE X):
1. EXCHANGE OR CONVERSIONS: See Schedule III, Reinsurance
Premiums
2. RE-ENTRY'S: See Schedule III, Reinsurance
Premiums
POLICY ADMINISTRATION AND PREMIUM ACCOUNTING, (ARTICLE XI):
1. ACCOUNTING PERIOD AND Monthly
PREMIUM DUE:
2. ACCOUNTING ITEMS: See Schedule V, Sample Statement
Specifications and Schedule VI,
Sample Policy Exhibit
3. REINSURANCE ADMINISTRATION: Self Administration (Client
Administers)
4. BALANCES IN DEFAULT:
The Reinsurer reserves the right to charge interest at the Prime
Rate plus 2% as stated in the Wall Street Journal on the 1st
business day in January prior to the due date of the premium when:
a. Renewal premiums are not paid within sixty (60) days of the due
date.
b. Premiums for new business are not paid within one hundred
twenty (120) days of the date the policy is issued.
17
ARBITRATION (ARTICLE XIII):
1. ARBITRATION ASSOCIATION: American Arbitration Association
If the American Arbitration Association is unable to appoint an
arbitrator with the industry experience required by Article XIII,
then ▇▇▇▇▇.▇▇ shall serve as the Arbitration Association.
2. PLACE OF ARBITRATION: St. Louis, Missouri, USA
CHOICE OF LAW, FORUM AND LANGUAGE (ARTICLE XVII):
1. CHOICE OF LAW AND FORUM: Missouri, USA
2. LANGUAGE: English
18
SCHEDULE II
BUSINESS COVERED
EFFECTIVE JANUARY 1, 1998
PLAN(S)
UNIVERSAL LIFE
Exceptional Life: ▇▇▇▇
▇▇▇▇
▇▇▇▇
▇▇▇▇
▇▇ Exceptional Life: NSUL83
▇▇▇▇▇▇
▇▇▇▇▇▇
▇▇▇▇▇▇
Pennsylvania Exceptional Life: ▇▇▇▇▇▇
▇▇▇▇▇▇
▇▇▇▇▇▇
Exceptional Life Unisex: ▇▇▇▇▇
▇▇ Exceptional Life Unisex: NSELU86
Exceptional Life Plus: EL89
Exceptional Life IV: ▇▇▇▇
▇▇ Exceptional Life Plus: ▇▇▇▇▇▇
▇▇ Exceptional Life IV: NSEL93
Exceptional Life Plus Unisex: ELU89
Exceptional Life IV Unisex: ▇▇▇▇▇
▇▇ Exceptional Life Plus Unisex: ▇▇▇▇▇▇▇
▇▇ Exceptional Life IV Unisex: NSELU93
Exceptional Retirement Life: ▇▇▇▇▇▇
▇▇▇▇▇
▇▇▇▇▇
▇▇▇▇▇▇
▇▇▇▇▇▇▇
▇▇ Exceptional Retirement Life: ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇
▇▇▇▇▇▇▇
NSPTULNY
NS Exceptional Retirement Life NY: NSERLNY5
Payroll Exceptional Life: ▇▇▇▇▇
▇▇ Payroll Exceptional Life: NSPEL85
19
VARIABLE UNIVERSAL LIFE
Vari-Exceptional Life: ▇▇▇▇▇▇
▇▇▇▇▇▇
▇▇▇▇▇▇
▇▇▇▇▇▇▇▇
NSVELU91
▇▇▇▇▇▇▇▇
▇▇▇▇▇
▇▇▇▇▇
▇▇▇▇▇
▇▇▇▇▇▇▇
▇▇▇▇▇▇▇
▇▇▇▇▇▇▇
Select Vari-Exceptional Life: ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇
NSVSELU4
20
SCHEDULE III
REINSURANCE PREMIUMS
LIFE:
Business Covered, as shown in Schedule II will be reinsured on the yearly
renewable term basis with the Reinsurer participating only in mortality
risks (not cash values, loans, dividends or other features specific to
permanent policies). The mortality risk shall be the net amount at risk
on that portion of the policy which is reinsured with the Reinsurer.
REINSURANCE PREMIUMS
Reinsurance premiums will be determined according to the amount reinsured
with the Reinsurer per insured life as follows. The life reinsurance
premium will be calculated as [ (i) X (ii) X (iii) ], where, (i) is the
appropriate life premium rate, from the attached Rate Table below, for
the age of the insured, at the beginning of the policy year, (ii) is the
appropriate Rate Table Multiple as shown below, (iii) is the amount at
risk reinsured for that policy year.
REINSURANCE ALLOWANCES
Reinsurance Allowances will be calculated, payable from the Reinsurer to
the Ceding Company, as [ (i) X (ii) X (iii) X (iv), where (iv) is the
appropriate Allowance as shown below.
RATE
RATE UNDERWRITING TABLE
PLAN TABLE CLASS MULTIPLE ALLOWANCE
---- ----- ------------ -------- ---------
Universal S-1 Preferred
Life Nonsmoker 50% 60.00%
Non-Preferred
Nonsmoker 50% 45.00%
Preferred
Smoker 50% 23.33%
Non-Preferred
Smoker 50% 10.00%
Variable S-1 Preferred
Universal Nonsmoker 50% 65.00%
Life Non-Preferred
Nonsmoker 50% 47.00%
Preferred
Smoker 50% 33.33%
Non-Preferred
Smoker 50% 16.67%
PREMIUM ADJUSTMENTS
The Reinsurer reserves the right to increase the reinsurance Rate Table
Multiple, but not above 100%.
21
ALLOWANCE ADJUSTMENTS
In the event the Reinsurer exercises its right to raise the Rate Table
Multiple, a new allowance will be payable according to the following
formula:
[(1 - CA) X CRTM]
-----------------
NA = 1 - NRTM
where:
NA = New Allowance
CA = Current allowance
CRTM = Current Rate Table Multiple
NRTM = New Rate Table Multiple
SUBSTANDARD PREMIUMS:
SUBSTANDARD TABLE EXTRA
Premiums will be increased by any (flat) extra premium or substandard
premium charged the insured on the face amount initially reinsured. For
substandard table ratings, premiums will be increased by the following
percent per table:
25%
FLAT EXTRA PREMIUMS
The premium will be increased by any flat extra premium charged the
insured on the face amount initially reinsured, less total allowances as
shown below:
FIRST YEAR PERMANENT FIRST YEAR TEMPORARY
PAYABLE 6 YEARS OR MORE: PAYABLE 1 - 5 YEARS: RENEWAL:
------------------------ -------------------- --------
100% 20% 20%
22
RATE SCHEDULE S-1
23
SCHEDULE IV
LIMITS
AGE LIMITS:
0 - 90
AUTOMATIC BINDING LIMITS:
This is based on the total amount of reinsurance required for all
policies on a single life.
STANDARD-TABLE H & FLAT TABLE J-TABLE P & FLAT
AGE EXTRAS OF $20 OR LESS EXTRAS OVER $20
--- ----------------------- ----------------------
0 $ 750,000 $ 500,000
1 - 60 $ 2,250,000 $ 500,000
61 - 70 $ 1,250,000 $ 750,000
71 - 80 $ 750,000 $ 500,000
81 - 85 $ 750,000 (up to Table F) $ 250,000
24
SCHEDULE V
REINSURANCE SPECIFICATIONS
FIELD NAME FIELD DESCRIPTION
---------- -----------------
INSURED NAME Name of the Insured (This field would include all names)
BIRTHDATE Date of Birth of Insured (YYYYMMDD)
SEX Sex of Insured (M - Male, F - Female)
POLNO Policy Number
ORIG_ISSUE Original Date Issued (YYYYMMDD)
REINISSUE Issue Date, Conversion Date (YYYYMMDD)
POL_AGE Age Premiums are Based
STATERES Insured State of Residence (MO - Missouri)
PLANID Plan Name (UL, ART, WL, .... etc.)
SRC Source of Business (NB-New Business, CV-Conversion)
REINSURANCE_TYPE Reinsurance Type (Y-YRT, C-Coinsurance)
SMKCLASS Smoker Class (E.G. NP = Nonsmoker Preferred)
ANLXB Age Nearest (N), Age Last (L), or Age Next (X)
TREATY_NUMBER Ceding Company's Treaty Number
PAY_MODE Payment Mode (M - Monthly, A - Annual, S - Semiannual)
EFFDATE Effective Date of Transaction (YYYYMMDD)
AUTOFAC Automatic/Facultative Indicator
TRANS_CODE Type of Transaction (D-Decrease, R-Recapture, I-Renewal,...etc.)
LFOFACE Original Life Face Amount of Policy
LFRFACE Life Face Amount Ceded to RGA Re
LFMORTFCT Life Mortality Factor (01 = Standard)
WPRFACE Waiver Premium Reinsurance Face Amount
ADBRFACE Accidental Death Benefit Reinsurance Face
OTHRFACE Other Reinsurance Face
EXPREM Extra Premium Per 1000 (Flat Extra: 500 = $5)
YRSTEMPF Years of Temporary Flat Extra (10)
NAR Net Amount at Risk
LFPREM Life Premium
WPPREM NET Waiver Premium
ADBPREM NET Accidental Death Premium
OTHERPREM NET Other Premium
FEPREM NET Flat Extra Premium
POLFEE NET Policy Fee Premium
ALLOW Life Premium Allowance
Second_Insr (Second Insured Information)
JOINTPOLNO Joint Policy Number, if applicable
INSURED NAME Insured Name (This field would include all Names)
DOB_2 Second Insured Date of Birth
AGE_2 Second Insured Age
SEX_2 Second Insured Sex
SMKCLASS_2 Smoker Code (E.G. NP = Nonsmoker Preferred)
This list is a list of what is desired, but not required information for
electronic processing by our company. If you would like to submit information
electronically, please contact ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ at (▇▇▇)▇▇▇-▇▇▇▇ to discuss
specific details for data transfer.
- We prefer to receive data in ASCII if sent on diskette.
- We prefer to receive transaction information monthly and inforce
information quarterly.
- If possible we would like to have a separate record for each
transaction.
- If new plans/treaty numbers are added or altered, we will need a
list of their definitions, prior to the change being received.
- Please supply a new layout with any additions or alterations to the
tape layout.
- We also have the capabilities of receiving data by modem transfer.
25
SCHEDULE VI
REINSURANCE SPECIFICATIONS
SAMPLE POLICY EXHIBIT
POLICY SUMMARY NUMBER OF REINSURANCE
CLASSIFICATION POLICIES AMOUNT
-------------- --------- -----------
Inforce as of Last Report 878 $ 410,220,973.00
New Issues 2 $ 516,666.00
Reinstatements 3 $ 483,334.00
Increases $ 500,000.00
Decreases - Still Inforce $ 133,332.00
Rollover - In 0 $ 0.00
DEDUCT BY:
Death 0 $ 0.00
Surrender 1 $ 250,000.00
Lapse 4 $ 1,000,001.00
Conversion - Out 0 $ 0.00
Decreases - Termination 3 $ 299,999.00
Inactive - Pending 0 $ 0.00
Not Taken 0 $ 0.00
Inforce as of Current Report 875 $ 410,037,641.00
26
RGA REINSURANCE COMPANY
**ALLMERICA ▇▇▇▇▇ ▇▇▇ RATES
Annual Life Premiums
Male Nonsmoker ANB
POLICY YEAR
ISSUE
AGE 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15
----- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ----
000 2.46 1.48 .96 .86 .76 .68 .66 .58 .54 .54 .50 .56 .62 .76 1.08
001 .98 .94 .84 .72 .56 .46 .44 .44 .48 .48 .54 .60 .76 1.08 1.36
002 .70 .74 .66 .56 .46 .44 .42 .48 .48 .54 .60 .74 1.08 1.36 2.02
003 .70 .58 .50 .46 .44 .40 .44 .48 .54 .60 .74 1.06 1.36 2.02 2.28
004 .58 .50 .46 .44 .40 .44 .48 .54 .60 .72 1.04 1.32 1.98 2.22 2.44
005 .50 .46 .44 .40 .44 .48 .54 .60 .72 1.00 1.32 1.92 2.18 2.32 2.62
006 .46 .44 .40 .44 .48 .54 .60 .72 1.00 1.32 1.88 2.14 2.28 2.42 2.74
007 .38 .40 .44 .48 .54 .60 .70 1.00 1.32 1.74 2.10 2.26 2.38 2.46 2.80
008 .36 .42 .42 .54 .58 .70 1.00 1.32 1.74 2.10 2.26 2.38 2.46 2.60 2.78
009 .38 .40 .48 .58 .70 1.00 1.32 1.74 2.10 2.26 2.38 2.46 2.60 2.70 2.72
010 .36 .44 .54 .70 1.00 1.32 1.74 2.10 2.26 2.38 2.46 2.60 2.70 2.72 2.64
011 .40 .50 .68 1.00 1.32 1.74 2.10 2.26 2.38 2.46 2.60 2.70 2.72 2.60 2.54
012 .46 .64 1.00 1.32 1.74 2.10 2.26 2.38 2.46 2.60 2.70 2.72 2.60 2.50 2.40
013 .60 .92 1.26 1.74 2.10 2.24 2.38 2.44 2.48 2.56 2.62 2.60 2.50 2.40 2.32
014 .88 1.18 1.74 2.10 2.24 2.34 2.44 2.46 2.46 2.48 2.52 2.50 2.38 2.32 2.26
015 1.16 1.74 2.10 2.24 2.34 2.42 2.46 2.44 2.40 2.40 2.38 2.36 2.26 2.24 2.22
016 1.74 2.10 2.24 2.34 2.42 2.40 2.42 2.38 2.32 2.28 2.24 2.24 2.18 2.18 2.18
017 3.10 2.24 2.34 2.42 2.40 2.36 2.36 2.30 2.22 2.14 2.10 2.12 2.10 2.12 2.16
018 2.06 2.20 2.26 2.30 2.28 2.22 2.22 2.14 2.08 2.02 2.00 2.04 2.02 2.06 2.14
019 2.00 2.10 2.12 2.14 2.10 2.08 2.04 1.96 1.92 1.90 1.94 1.94 1.96 2.02 2.14
020 1.86 1.94 1.94 1.94 1.94 1.90 1.86 1.80 1.80 1.82 1.86 1.88 1.92 2.02 2.16
021 1.68 1.74 1.74 1.74 1.74 1.72 1.70 1.66 1.70 1.72 1.80 1.84 1.92 2.04 2.22
022 1.46 1.52 1.52 1.52 1.54 1.54 1.54 1.54 1.60 1.66 1.76 1.82 1.92 2.08 2.30
023 1.46 1.52 1.50 1.50 1.50 1.52 1.54 1.54 1.60 1.68 1.80 1.88 2.00 2.20 2.42
024 1.46 1.48 1.46 1.46 1.48 1.52 1.54 1.56 1.64 1.74 1.86 1.94 2.10 2.34 2.58
025 1.44 1.44 1.44 1.44 1.48 1.52 1.54 1.58 1.68 1.80 1.92 2.06 2.24 2.50 2.76
026 1.40 1.40 1.42 1.44 1.46 1.52 1.56 1.64 1.76 1.90 2.04 2.18 2.40 2.70 2.98
207 1.36 1.36 1.40 1.42 1.46 1.54 1.62 1.72 1.84 2.02 2.16 2.34 2.60 2.94 3.26
028 1.32 1.36 1.42 1.46 1.52 1.62 1.72 1.84 2.00 2.16 2.34 2.56 2.84 3.22 3.62
029 1.30 1.36 1.46 1.52 1.62 1.72 1.84 2.00 2.16 2.34 1.56 2.84 3.16 3.62 4.06
ISSUE ATTND
AGE 000016+ AGE
----- ------- -----
000 1.36 015
001 2.02 016
002 2.28 017
003 2.44 018
004 2.62 019
005 2.74 020
006 2.80 021
007 2.82 022
008 2.80 023
009 2.76 024
010 2.68 025
011 2.58 026
012 2.48 027
013 2.40 028
014 2.34 029
015 2.28 030
016 2.24 031
017 2.22 032
018 2.24 033
019 2.28 034
020 2.34 035
021 2.44 036
022 2.56 037
023 2.72 038
024 2.90 039
025 3.12 040
026 3.40 041
207 3.74 042
028 4.14 043
029 4.62 044
RGA REINSURANCE COMPANY
**ALLMERICA ▇▇▇▇▇ ▇▇▇ RATES
Annual Life Premiums
Male Nonsmoker ANB
POLICY YEAR
ISSUE
AGE 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15
----- ---- ---- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
030 1.28 1.36 1.52 1.62 1.72 1.84 2.00 2.16 2.34 2.56 2.84 3.16 3.62 4.06 4.52
031 1.26 1.38 1.58 1.72 1.84 2.00 2.16 2.34 2.56 2.84 3.16 3.62 4.06 4.52 5.06
032 1.26 1.42 1.68 1.84 2.00 2.16 2.34 2.56 2.80 3.16 3.62 4.06 4.52 5.06 5.66
033 1.26 1.44 1.76 1.96 2.16 2.34 2.56 2.80 3.16 3.56 4.02 4.50 5.06 5.66 6.34
034 1.26 1.46 1.86 2.10 2.34 2.56 2.80 3.16 3.56 4.02 4.48 5.06 5.62 6.32 7.08
035 1.26 1.52 1.98 2.28 2.56 2.80 3.16 3.56 4.02 4.48 5.06 5.60 6.26 7.04 7.88
036 1.30 1.58 2.12 2.50 2.80 3.16 3.56 4.02 4.48 5.06 5.60 6.20 6.96 7.82 8.72
037 1.34 1.68 2.30 2.74 3.16 3.56 4.02 4.48 5.06 5.60 6.16 6.86 7.72 8.64 9.64
038 1.40 1.78 2.46 2.94 3.40 3.82 4.32 4.82 5.44 6.08 6.70 7.52 8.50 9.56 10.66
039 1.48 1.90 2.66 3.18 3.66 4.14 4.66 5.20 5.86 6.54 7.28 8.20 9.34 10.56 11.76
040 1.58 2.04 2.90 3.46 4.00 4.46 5.02 5.58 6.26 7.02 7.88 8.94 10.26 11.64 12.96
041 1.70 2.22 3.18 3.80 4.34 4.84 5.40 5.96 6.66 7.50 8.48 9.72 11.24 12.82 14.24
042 1.84 2.44 3.52 4.18 4.74 5.24 5.78 6.36 7.04 7.98 9.14 10.56 12.30 14.10 15.70
043 1.98 2.74 3.84 4.60 5.22 5.76 6.36 6.94 7.66 8.66 9.92 11.42 13.26 15.22 17.00
044 2.16 3.06 4.22 5.04 5.72 6.34 6.94 7.58 8.34 9.40 10.74 12.32 14.32 16.40 18.44
045 2.34 3.44 4.62 5.50 6.26 6.94 7.58 8.28 9.12 10.16 11.60 13.32 15.46 17.70 20.04
046 2.56 3.88 5.02 6.00 6.80 7.56 8.28 9.12 9.82 10.96 12.56 14.38 16.70 19.12 21.78
047 2.78 4.34 5.46 6.50 7.38 8.26 9.12 9.78 10.62 11.86 13.58 15.56 18.06 20.68 23.70
048 2.98 4.54 5.68 6.80 7.80 8.76 9.74 20.56 11.60 12.98 15.06 17.28 19.88 22.60 25.58
049 3.20 4.70 5.90 7.08 8.18 9.24 10.36 11.40 12.66 14.24 16.72 19.20 21.92 24.64 27.50
050 3.40 4.84 6.08 7.32 8.58 9.74 11.02 12.30 13.86 15.66 18.60 21.38 24.12 26.80 29.54
051 3.60 4.96 6.24 7.54 8.94 10.24 11.72 13.30 15.18 17.22 20.70 23.78 26.48 29.12 31.66
052 3.80 5.04 6.34 7.70 9.30 10.76 12.46 14.40 16.64 18.96 23.02 26.36 29.04 31.60 33.92
053 4.12 5.50 6.92 8.46 10.16 11.80 13.68 15.78 18.22 20.86 25.26 29.04 31.60 33.92 38.32
054 4.46 5.98 7.56 9.28 11.14 12.94 15.04 17.32 19.92 22.88 27.70 31.60 33.92 38.32 43.24
055 4.82 6.54 8.24 10.20 12.22 14.22 16.54 19.00 21.72 25.08 30.34 33.92 38.32 43.24 48.78
056 5.22 7.12 9.02 11.22 13.42 15.66 18.18 20.76 23.66 27.46 33.24 38.32 43.24 48.78 54.94
057 5.64 7.78 9.88 12.36 14.76 17.20 19.92 22.66 25.74 30.06 36.42 42.72 48.78 54.30 61.74
058 5.92 8.26 10.88 13.48 16.20 18.40 21.18 24.10 27.32 31.88 38.44 44.86 51.28 57.16 65.52
059 6.20 8.74 12.00 14.68 17.74 19.64 22.46 25.58 28.94 33.76 40.50 46.98 53.70 59.88 69.40
ISSUE ATTND
AGE 000016+ AGE
----- ------- -----
030 5.16 045
031 5.78 046
032 6.48 047
033 7.22 048
034 8.04 049
035 8.90 050
036 9.84 051
037 10.88 052
038 12.00 053
039 13.22 054
040 14.54 055
041 16.02 056
042 17.64 057
043 19.46 058
044 21.50 059
045 23.78 060
046 26.34 061
047 29.14 062
048 32.14 063
049 35.42 064
050 39.00 065
051 42.94 066
052 47.30 067
053 52.10 068
054 57.38 069
055 63.14 070
056 69.36 071
057 76.00 072
058 83.20 073
059 91.08 074
RGA REINSURANCE COMPANY
**ALLMERICA ▇▇▇▇▇ ▇▇▇ RATES
Annual Life Premiums
Male Nonsmoker ANB
POLICY YEAR
ISSUE
AGE 01 02 03 04 05 06 07 08 09 10 11 12 13 14
----- ----- ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
060 6.46 9.26 13.22 15.94 19.42 20.92 23.78 27.14 30.64 35.70 42.56 48.96 55.94 62.56
061 6.74 9.78 14.52 17.28 20.92 23.18 25.16 28.76 32.36 37.63 44.52 50.78 58.08 65.22
062 7.00 10.28 15.94 18.72 23.18 23.66 26.58 30.42 34.10 39.54 46.36 52.42 60.12 67.86
063 7.78 11.54 17.48 20.96 23.66 26.58 30.42 34.10 40.22 44.84 51.58 57.74 66.28 75.50
064 8.64 12.94 19.14 23.46 26.58 30.42 34.10 40.22 44.84 51.58 57.38 65.86 73.10 84.04
065 9.60 14.52 21.00 26.26 30.42 34.10 40.22 44.84 51.58 57.38 65.86 70.24 80.68 93.50
066 10.64 16.28 23.02 29.38 34.10 40.22 44.84 51.58 57.38 65.86 69.38 77.56 89.02 103.94
067 11.82 18.24 25.24 32.84 40.22 44.84 51.58 57.38 65.86 68.94 76.84 85.60 98.16 115.36
068 13.02 20.08 27.78 36.08 44.08 49.08 56.46 62.88 68.94 75.64 84.28 93.82 107.46 124.36
069 14.34 22.10 30.50 39.52 48.24 53.74 61.88 68.94 75.64 82.98 92.40 102.72 117.44 135.54
070 15.78 24.28 33.44 43.28 52.82 58.88 67.84 75.64 82.98 90.96 101.14 112.26 128.00 147.38
071 17.34 26.60 36.60 47.38 57.88 64.56 74.44 82.98 90.96 99.58 110.54 122.34 139.20 160.42
072 19.00 29.12 40.08 51.92 63.46 70.84 81.66 90.94 99.58 108.82 120.46 133.04 151.52 174.68
073 20.80 31.88 43.92 56.92 69.62 77.70 89.50 99.56 108.82 118.60 131.00 144.82 164.98 190.14
074 22.76 34.94 48.14 62.46 76.38 85.16 97.98 108.82 118.60 128.98 142.60 157.70 179.58 206.82
075 24.94 38.30 52.82 68.50 83.72 93.24 107.08 118.60 128.98 140.40 155.26 171.66 195.34 224.70
076 27.34 42.02 57.94 75.10 91.66 101.90 116.70 128.96 140.40 152.88 169.02 186.70 212.22 243.52
077 30.00 46.10 63.52 82.22 100.16 111.06 126.92 140.38 152.86 166.40 183.84 202.86 230.00 262.96
078 32.92 50.54 69.54 89.84 109.16 120.76 138.14 152.86 166.40 181.00 199.74 219.84 248.34 282.98
079 36.08 55.32 76.00 97.92 118.72 131.46 150.42 166.38 181.00 196.66 216.46 237.38 267.26 303.62
080 39.50 60.46 82.82 106.48 129.22 143.14 163.74 180.98 196.64 213.12 233.72 255.46 286.74 324.86
081 43.16 65.90 90.06 115.90 140.70 155.82 178.10 196.62 213.12 230.12 257.54 274.08 306.80 346.70
082 47.04 71.66 98.04 126.20 153.16 169.48 193.50 213.10 230.12 247.66 269.88 293.26 327.44 369.14
083 51.16 78.00 106.76 137.38 166.60 184.14 209.70 230.10 247.64 265.70 288.76 312.98 348.64 392.20
084 55.68 84.94 116.20 149.44 181.00 199.56 226.44 247.62 265.70 284.30 308.16 333.24 370.42 415.86
085 60.64 92.46 126.40 162.36 196.16 215.48 243.68 265.68 284.28 303.42 328.12 354.06 392.76 440.12
086 66.00 100.56 137.32 175.94 211.80 231.88 261.46 284.26 303.40 323.06 348.62 375.42 415.68 465.00
087 71.80 109.26 148.82 189.98 227.94 248.80 279.74 303.38 323.04 343.24 369.64 397.32 439.16 490.46
088 78.00 118.40 160.70 204.46 244.56 266.20 298.56 323.02 343.22 363.94 391.22 419.76 463.22 999.99
089 84.54 127.84 172.94 219.36 261.66 284.10 317.88 343.20 363.92 385.18 413.32 442.76 999.99 999.99
ISSUE ATTND
AGE 15 000016+ AGE
----- ------ ------- -----
060 73.42 99.80 075
061 77.64 109.42 076
062 82.06 120.06 077
063 89.32 131.70 078
064 97.20 144.36 079
065 105.66 158.04 080
066 115.36 172.72 081
067 124.36 188.24 082
068 135.54 204.70 083
069 147.38 222.82 084
070 160.44 242.62 085
071 174.70 264.10 086
072 190.16 287.26 087
073 206.84 312.10 088
074 224.72 338.24 089
075 243.54 365.22 090
076 262.98 393.04 091
077 283.00 421.70 092
078 303.64 451.20 093
079 324.88 481.54 094
080 346.72 512.72 095
081 369.18 544.74 096
082 392.24 577.60 097
083 415.90 611.30 098
084 440.16 645.84 099
085 465.04
086 490.50
087 999.99
088 999.99
089 999.99
RGA REINSURANCE COMPANY
**ALLMERICA ▇▇▇▇▇ ▇▇▇ RATES
Annual Life Premiums
Male Nonsmoker ANB
POLICY YEAR
ISSUE
AGE 01 02 03 04 05 06 07 08 09 10 11 12 13 14
----- ----- ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
090 91.28 137.58 185.54 234.72 279.26 302.50 337.74 363.90 385.16 406.94 435.96 999.99 999.99 999.99
ISSUE ATTND
AGE 15 000016+ AGE
----- ------ ------- -----
090 999.99
RGA REINSURANCE COMPANY
**ALLMERICA ▇▇▇▇▇ ▇▇▇ RATES
Annual Life Premiums
Male Smoker ANB
POLICY YEAR
ISSUE
AGE 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15
----- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ----
000 3.69 2.22 1.44 1.29 1.14 1.02 .99 .87 .81 .81 .75 .84 .93 1.14 1.62
001 1.47 1.41 1.26 1.08 .84 .69 .66 .66 .72 .72 .81 .90 1.14 1.62 2.04
002 1.05 1.11 .99 .84 .69 .66 .63 .72 .72 .81 .90 1.11 1.62 2.04 3.03
003 1.05 .87 .75 .69 .66 .60 .66 .72 .81 .90 1.11 1.59 2.04 3.03 3.42
004 .87 .75 .69 .66 .60 .66 .72 .81 .90 1.08 1.56 1.98 2.97 3.33 3.66
005 .75 .69 .66 .60 .66 .72 .81 .90 1.08 1.50 1.98 2.88 3.27 3.48 3.93
006 .69 .66 .60 .66 .72 .81 .90 1.08 1.50 1.98 2.82 3.21 3.42 3.63 4.11
007 .57 .60 .6 .72 .81 .90 1.05 1.50 1.98 2.61 3.15 3.39 3.57 3.69 4.20
008 .54 .63 .63 .81 .87 1.05 1.50 1.98 2.61 3.15 3.39 3.57 3.69 3.90 4.17
009 .57 .60 .72 .87 1.05 1.50 1.98 2.61 3.15 3.39 3.57 3.69 3.90 4.05 4.08
010 .54 .66 .81 1.05 1.50 1.98 2.61 3.15 3.39 3.57 3.69 3.90 4.05 4.08 3.96
011 .60 .75 1.02 1.50 1.98 2.61 3.15 3.39 3.57 3.69 3.90 4.05 4.08 3.90 3.81
012 .69 .96 1.50 1.98 2.61 3.15 3.39 3.57 3.69 3.90 4.05 4.08 3.90 3.75 3.60
013 .90 1.38 1.89 2.61 3.15 3.36 3.57 3.66 3.72 3.84 3.93 3.90 3.75 3.60 3.48
014 1.32 1.77 2.61 3.15 3.36 3.51 3.66 3.69 3.69 3.72 3.78 3.75 3.57 3.48 3.39
015 1.74 2.61 3.15 3.36 3.51 3.63 3.69 3.66 3.60 3.60 3.57 3.54 3.39 3.36 3.33
016 2.61 3.15 3.36 3.51 3.63 3.60 3.63 3.57 3.48 3.42 3.36 3.36 3.27 3.27 3.27
017 3.15 3.36 3.51 3.63 3.60 3.54 3.54 3.45 3.33 3.21 3.15 3.18 3.15 3.18 3.24
018 3.09 3.30 3.39 3.45 3.42 3.33 3.33 3.21 3.12 3.03 3.00 3.06 3.03 3.09 3.21
019 3.00 3.15 3.18 3.21 3.15 3.12 3.06 2.94 2.88 2.85 2.91 2.91 2.94 3.03 3.21
020 2.79 2.91 2.91 2.91 2.91 2.85 2.79 2.70 2.70 2.73 2.79 2.82 2.88 3.03 3.24
021 2.52 2.61 2.61 2.61 2.61 2.58 2.55 2.49 2.55 2.58 2.70 2.76 2.88 3.06 3.33
022 2.19 2.28 2.28 2.28 2.31 2.31 2.31 2.31 2.40 2.49 2.64 2.73 2.88 3.12 3.45
023 2.19 2.28 2.25 2.25 2.25 2.28 2.31 2.31 2.40 2.52 2.70 2.82 3.00 3.30 3.63
024 2.19 2.22 2.19 2.19 2.22 2.28 2.31 2.34 2.46 2.61 2.79 2.91 3.15 3.51 3.87
025 2.16 2.16 2.16 2.16 2.22 2.28 2.31 2.37 2.52 2.70 2.88 3.09 3.36 3.75 4.14
026 2.10 2.10 2.13 2.16 2.19 2.28 2.34 2.46 2.64 2.85 3.06 3.27 3.60 4.05 4.47
027 2.04 2.04 2.10 2.13 2.19 2.31 2.43 2.58 2.76 3.03 3.24 3.51 3.90 4.41 4.89
028 1.98 2.04 2.13 2.19 2.28 2.43 2.58 2.76 3.00 3.24 3.51 3.84 4.26 4.83 5.43
029 1.95 2.04 2.19 2.28 2.43 2.58 2.76 3.00 3.24 3.51 3.84 4.26 4.74 5.43 6.09
ISSUE ATTND
AGE 000016+ AGE
----- ------- -----
000 2.04 015
001 3.03 016
002 3.42 017
003 3.66 018
004 3.93 019
005 4.11 020
006 4.20 021
007 4.23 022
008 4.20 023
009 4.14 024
010 4.02 025
011 3.87 026
012 3.72 027
013 3.60 028
014 3.51 029
015 3.42 030
016 3.36 031
017 3.33 032
018 3.36 033
019 3.42 034
020 3.51 035
021 3.66 036
022 3.84 037
023 4.08 038
024 4.35 039
025 4.68 040
026 5.10 041
027 5.61 042
028 6.21 043
029 6.93 044
RGA REINSURANCE COMPANY
**ALLMERICA ▇▇▇▇▇ ▇▇▇ RATES
Annual Life Premiums
Male Smoker ANB
POLICY YEAR
ISSUE
AGE 01 02 03 04 05 06 07 08 09 10 11 12 13 14
----- ---- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
030 1.92 2.04 2.28 2.43 2.58 2.76 3.00 3.24 3.51 3.84 4.26 4.74 5.43 6.09
031 1.89 2.07 2.37 2.58 2.76 3.00 3.24 3.51 3.84 4.26 4.74 5.43 6.09 6.78
032 1.89 2.13 2.52 2.76 3.00 3.24 3.51 3.84 4.20 4.74 5.43 6.09 6.78 7.59
033 1.89 2.16 2.64 2.94 3.24 3.51 3.84 4.20 4.74 5.34 6.03 6.75 7.59 8.49
034 1.89 2.19 2.79 3.15 3.51 3.84 4.20 4.74 5.34 6.03 6.72 7.59 8.43 9.48
035 1.89 2.28 2.97 3.42 3.84 4.20 4.74 5.34 6.03 6.72 7.59 8.40 9.39 10.56
036 1.95 2.37 3.18 3.75 4.20 4.74 5.34 6.03 6.72 7.59 8.40 9.30 10.44 11.73
037 2.01 2.52 3.45 4.11 4.74 5.34 6.03 6.72 7.59 8.40 9.24 10.29 11.58 12.96
038 2.10 2.67 3.69 4.41 5.10 5.73 6.48 7.23 8.16 9.12 10.05 11.28 12.75 14.34
039 2.22 2.85 3.99 4.77 5.49 6.21 6.99 7.80 8.79 9.81 10.92 12.30 14.01 15.84
040 2.37 3.06 4.35 5.19 6.00 6.69 7.53 8.37 9.39 10.53 11.82 13.41 15.39 17.46
041 2.55 3.33 4.77 5.70 6.51 7.26 8.10 8.94 9.99 11.25 12.72 14.58 16.86 19.23
042 2.76 3.66 5.28 6.27 7.11 7.86 8.67 9.54 10.56 11.97 13.71 15.84 18.45 21.15
043 2.97 4.11 5.76 6.90 7.83 8.64 9.54 10.41 11.49 12.99 14.88 17.13 19.89 22.83
044 3.24 4.59 6.33 7.56 8.58 9.51 10.41 11.37 12.51 14.10 16.11 18.48 21.48 24.60
045 3.51 5.16 6.93 8.25 9.39 10.41 11.37 12.42 13.68 15.24 17.40 19.98 23.19 26.55
046 3.84 5.82 7.53 9.00 10.20 11.34 12.42 13.68 14.73 16.44 18.84 21.57 25.05 28.68
047 4.17 6.51 8.19 9.75 11.07 12.39 13.68 14.67 15.93 17.79 20.37 23.34 27.09 31.02
048 4.47 6.81 8.52 10.20 11.70 13.14 14.61 15.84 17.40 19.47 22.59 25.92 29.82 33.90
049 4.80 7.05 8.85 10.62 12.27 13.86 15.54 17.10 18.99 21.36 25.08 28.80 32.88 36.96
050 5.10 7.26 9.12 10.98 12.87 14.61 16.53 18.45 20.79 23.49 27.90 32.07 36.18 40.20
051 5.40 7.44 9.36 11.31 13.41 15.36 17.58 19.95 22.77 25.83 31.05 35.67 39.72 43.68
052 5.70 7.56 9.51 11.55 13.95 76.14 18.69 21.60 24.96 28.44 34.53 39.54 43.56 47.40
053 6.18 8.25 10.38 12.69 15.24 17.70 20.52 23.67 27.33 31.29 37.89 43.56 47.40 50.88
054 6.69 8.97 11.34 13.92 16.71 19.41 22.56 25.98 29.88 34.32 41.55 47.40 50.88 57.48
055 7.23 9.81 12.36 15.30 18.33 21.33 24.81 28.50 32.58 37.62 45.51 50.88 57.48 64.86
056 7.83 10.68 13.53 16.83 20.13 23.49 27.27 31.14 35.49 41.19 49.86 57.48 64.86 73.17
057 8.46 11.67 14.82 18.54 22.14 25.80 29.88 33.99 38.61 45.09 54.63 64.08 73.17 81.45
058 8.88 12.39 16.32 20.22 24.30 27.60 31.77 36.15 40.98 47.82 57.66 67.29 76.92 85.74
059 9.30 13.11 18.00 22.02 26.61 29.46 33.69 38.37 43.41 50.64 60.75 70.47 80.55 89.82
ISSUE ATTND
AGE 15 000016+ AGE
----- ------ ------- -----
030 6.78 7.74 045
031 7.59 8.67 046
032 8.49 9.72 047
033 9.51 10.83 048
034 10.62 12.06 049
035 11.82 13.35 050
036 13.08 14.76 051
037 14.46 16.32 052
038 15.99 18.00 053
039 17.64 19.83 054
040 19.44 21.81 055
041 21.36 24.03 056
042 23.55 26.46 057
043 25.50 29.19 058
044 27.66 32.25 059
045 30.06 35.67 060
046 32.67 39.51 061
047 35.55 43.71 062
048 38.37 48.21 063
049 41.25 53.13 064
050 44.31 58.50 065
051 47.49 64.41 066
052 50.88 70.95 067
053 57.48 78.15 068
054 64.86 86.07 069
055 73.17 94.71 070
056 82.41 104.04 071
057 92.61 114.00 072
058 98.28 124.80 073
059 104.10 136.62 074
RGA REINSURANCE COMPANY
**ALLMERICA ▇▇▇▇▇ ▇▇▇ RATES
Annual Life Premiums
Male Smoker ANB
POLICY YEAR
ISSUE
AGE 01 02 03 04 05 06 07 08 09 10 11
----- ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
060 9.69 13.89 19.83 23.91 29.13 31.38 35.67 40.71 45.96 53.55 63.84
061 10.11 14.67 21.78 25.92 31.38 34.77 37.74 43.14 48.54 56.46 66.78
062 10.50 15.42 23.91 28.08 34.77 35.49 39.87 45.63 51.15 59.31 69.54
063 11.67 17.31 26.22 31.44 35.49 39.87 45.63 51.15 60.33 67.26 77.37
064 12.96 19.41 28.71 35.19 39.87 45.63 51.15 60.33 67.26 77.37 86.07
065 14.40 21.78 31.50 39.39 45.63 51.15 60.33 67.26 77.37 86.07 98.79
066 15.96 24.42 34.53 44.07 51.15 60.33 67.26 77.37 86.07 98.79 104.07
067 17.73 27.36 37.86 49.26 60.33 67.26 77.37 86.07 98.79 103.41 115.26
068 19.53 30.12 41.67 54.12 66.12 73.62 84.69 94.32 103.41 113.46 126.42
069 21051 33.15 45.75 59.28 72.36 80.61 92.82 103.41 113.46 124.47 138.60
070 23.67 36.42 50.16 64.92 79.23 88.32 101.76 113.46 124.47 136.44 151.71
071 26.01 39.90 54.90 71.07 86.82 96.84 111.66 124.47 136.44 149.37 165.81
072 28.50 43.68 60.12 77.88 95.19 106.26 122.49 136.41 149.37 163.23 180.69
073 31.20 47.82 65.88 85.38 104.43 116.55 134.25 149.34 163.23 177.90 196.50
074 34.14 52.41 72.21 93.69 114.57 127.74 146.97 163.23 177.90 193.47 213.90
075 37.41 57.45 79.23 102.75 125.58 139.86 160.62 177.90 193.47 210.60 232.89
076 41.01 63.03 86.91 112.65 137.49 152.85 175.05 193.44 210.60 229.32 253.53
077 45.00 69.15 95.28 123.33 150.24 166.59 190.38 210.57 229.29 249.60 275.76
078 49.38 75.81 104.31 134.76 163.74 181.14 207.21 229.29 249.60 271.50 299.61
079 54.12 82.98 114.00 146.88 178.08 197.19 225.63 249.57 271.50 294.99 324.69
080 59.25 90.69 124.23 159.72 193.83 217.71 245.61 271.47 294.96 319.68 350.58
081 64.74 98.85 135.09 173.85 211.05 233.73 267.15 294.93 319.68 345.18 377.31
082 70.56 107.49 147.06 189.30 229.74 254.22 290.25 319.65 345.18 371.49 404.82
083 76.74 117.00 160.14 206.07 249.90 276.21 314.55 345.15 371.46 398.55 433.14
084 83.52 127.41 174.30 224.16 271.50 299.34 339.66 371.43 398.55 426.45 462.24
085 90.96 138.69 189.60 243.54 294.24 323.22 365.52 398.52 426.42 455.13 492.18
086 99.00 150.84 205.98 263.91 317.70 347.82 392.19 426.39 455.10 484.59 522.93
087 107.70 163.89 223.23 284.97 341.91 373.20 419.61 455.07 484.56 514.86 554.46
088 117.00 177.60 214.05 306.69 366.84 399.30 447.84 484.53 514.83 545.91 586.83
089 126.81 191.76 259.41 329.04 392.49 426.15 476.82 514.80 545.88 577.77 619.98
ISSUE ATTND
AGE 12 13 14 15 000016+ AGE
----- ------ ------ ------ ------ ------- -----
060 73.44 83.91 93.84 110.13 149.70 075
061 76.17 87.12 97.83 116.46 164.13 076
062 78.63 90.18 101.79 123.09 180.09 077
063 86.61 99.42 113.25 133.98 197.55 078
064 98.79 109.65 126.06 145.80 216.54 079
065 105.36 121.02 140.25 158.49 237.06 080
066 116.34 133.53 155.91 173.04 259.08 081
067 128.40 147.24 173.04 186.54 282.36 082
068 140.73 161.19 186.54 203.31 307.05 083
069 154.08 176.16 203.31 221.07 334.23 084
070 168.39 192.00 221.07 240.66 363.93 085
071 183.51 208.80 240.63 262.05 396.15 086
072 199.56 227.28 262.02 285.24 430.89 087
073 217.23 247.47 285.21 310.26 468.15 088
074 236.55 269.37 310.23 337.08 507.36 089
075 257.49 293.01 337.05 365.31 547.83 090
076 280.05 318.33 365.28 394.47 589.56 091
077 304.29 345.00 394.44 424.50 365.55 092
078 329.76 372.51 424.47 455.46 676.80 093
079 356.07 400.89 455.43 487.32 722.31 094
080 383.19 430.11 487.29 520.08 769.08 095
081 411.12 460.20 520.05 553.77 817.11 096
082 439.89 491.16 553.71 588.36 866.40 097
083 469.47 522.96 588.30 623.85 916.95 098
084 499.86 555.63 623.79 660.24 968.76 099
085 531.09 589.14 660.18 697.56
086 563.13 623.52 697.50 735.75
087 595.98 658.74 735.69 999.99
088 629.64 694.83 999.99 999.99
089 664.14 999.99 999.99 999.99
RGA REINSURANCE COMPANY
**ALLMERICA ▇▇▇▇▇ ▇▇▇ RATES
Annual Life Premiums
Male Smoker ANB
POLICY YEAR
ISSUE
AGE 01 02 03 04 05 06 07 08 09 10 11 12 13 14
----- ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
090 136.92 206.37 278.31 352.08 418.89 453.75 506.61 545.85 577.74 610.41 653.94 999.99 999.99 999.99
ISSUE ATTND
AGE 15 000016+ AGE
----- ------ ------- -----
090 999.99
RGA REINSURANCE COMPANY
**ALLMERICA ▇▇▇▇▇ ▇▇▇ RATES
Annual Life Premiums
Male NonSmoker ANB
POLICY YEAR
ISSUE
AGE 01 02 03 04 05 06 07 08 09 10 11 12
----- ---- --- --- ---- ---- ---- ---- ---- ---- ---- ---- ----
000 1.86 .68 .60 .54 .48 .44 .40 .36 .36 .36 .38 .42
001 .68 .60 .54 .48 .44 .40 .36 .36 .36 .38 .42 .48
002 .56 .54 .48 .44 .40 .36 .36 .36 .38 .42 .48 .54
003 .48 .48 .44 .40 .36 .36 .36 .38 .42 .48 .54 .64
004 .44 .44 .40 .36 .36 .36 .38 .42 .48 .54 .64 .72
005 .40 .40 .36 .36 .36 .38 .42 .48 .54 .64 .72 .80
006 .38 .36 .36 .36 .38 .42 .48 .54 .64 .72 .80 .88
007 .34 .36 .36 .38 .42 .48 .54 .64 .72 .80 .88 .94
008 .32 .36 .38 .42 .48 .54 .64 .72 .80 .88 .94 .98
009 .32 .38 .42 .48 .54 .64 .72 .80 .88 .94 .98 1.02
010 .32 .42 .48 .54 .64 .72 .80 .88 .94 .98 1.02 1.04
011 .34 .48 .54 .64 .72 .80 .88 .94 .98 1.02 1.04 1.06
012 .36 .54 .64 .72 .80 .88 .94 .98 1.02 1.04 1.06 1.06
013 .42 .62 .70 .76 .84 .90 .94 .98 1.04 1.06 1.06 1.06
014 .50 .66 .74 .80 .86 .90 .94 .96 1.06 1.06 1.06 1.06
015 .56 .70 .78 .82 .86 .90 .92 .96 1.06 1.06 1.06 1.06
016 .64 .74 .78 .82 .84 .86 .90 .92 1.06 1.06 1.06 1.06
017 .72 .74 .78 .80 .82 .84 .86 .88 1.06 1.06 1.06 1.06
018 .72 .74 .78 .80 .82 .84 .86 .88 1.02 1.04 1.06 1.08
019 .72 .74 .78 .80 .82 .84 .86 .88 1.00 1.00 1.08 1.10
020 .70 .72 .76 .78 .82 .82 .86 .88 .96 1.00 1.10 1.06
021 .68 .72 .74 .78 .80 .82 .86 .88 .94 .98 1.16 1.22
022 .64 .68 .72 .76 .80 .82 .86 .90 .92 1.00 1.22 1.30
023 .64 .68 .74 .78 .82 .84 .90 .92 1.00 1.10 1.30 1.40
024 .62 .68 .76 .80 .84 .90 .92 1.00 1.10 1.18 1.40 1.54
025 .62 .70 .78 .82 .88 .92 1.00 1.10 1.18 1.26 1.54 1.68
026 .60 .70 .78 .86 .92 1.00 1.10 1.18 1.26 1.38 1.68 1.86
027 .60 .70 .82 .90 1.00 1.10 1.18 1.26 1.32 1.52 1.86 2.06
028 .62 .72 .84 .96 1.06 1.18 1.26 1.32 1.52 1.72 2.06 2.30
029 .64 .74 .88 1.02 1.14 1.26 1.32 1.52 1.72 1.94 2.30 2.58
ISSUE ATTND
AGE 13 14 15 000016+ AGE
----- ---- ---- ---- ------- -----
000 .48 .54 .64 .72 015
001 .54 .64 .72 .80 016
002 .64 .72 .80 .88 017
003 .72 .80 .88 .94 018
004 .80 .88 .94 .98 019
005 .88 .94 .98 1.02 020
006 .94 .98 1.02 1.04 021
007 .98 1.02 1.04 1.06 022
008 1.02 1.04 1.06 1.06 023
009 1.04 1.06 1.06 1.06 024
010 1.06 1.06 1.06 1.06 025
011 1.06 1.06 1.06 1.06 026
012 1.06 1.06 1.06 1.06 027
013 1.06 1.06 1.06 1.06 028
014 1.06 1.06 1.06 1.08 029
015 1.06 1.06 1.08 1.10 030
016 1.06 1.08 1.10 1.06 031
017 1.08 1.10 1.16 1.22 032
018 1.10 1.06 1.22 1.30 033
019 1.16 1.22 1.30 1.40 034
020 1.22 1.30 1.40 1.54 035
021 1.30 1.40 1.54 1.68 036
022 1.40 1.54 1.68 2.06 037
023 1.54 1.68 1.86 2.30 038
024 1.68 1.86 2.06 039
025 1.86 2.06 2.30 2.58 040
026 2.06 2.30 2.58 2.90 041
027 2.30 2.58 2.90 3.24 042
028 2.58 2.90 3.24 3.58 043
029 2.90 3.24 3.58 3.92 044
RGA REINSURANCE COMPANY
**ALLMERICA ▇▇▇▇▇ ▇▇▇ RATES
Annual Life Premiums
Male Nonsmoker ANB
POLICY YEAR
ISSUE
AGE 01 02 03 04 05 06 07 08 09 10 11 12 13 14
----- ---- ---- ---- ---- ---- ----- ----- ----- ----- ----- ----- ----- ----- -----
030 .66 .78 .94 1.08 1.24 1.32 1.52 1.72 1.94 2.16 2.58 2.90 3.24 3.58
031 .70 .82 1.00 1.18 1.32 1.52 1.72 1.94 2.16 2.38 2.90 3.24 3.58 3.92
032 .76 .88 1.08 1.30 1.52 1.72 1.94 2.16 2.38 2.62 3.24 3.58 3.92 4.28
033 .78 .92 1.14 1.38 1.64 1.86 2.14 2.38 2.62 2.96 3.54 3.88 4.24 4.66
034 .82 .98 1.20 1.48 1.76 2.04 2.36 2.62 2.96 3.28 3.84 4.20 4.60 5.02
035 .86 1.02 1.26 1.58 1.90 2.24 2.60 2.96 3.28 3.62 4.14 4.54 4.92 5.42
036 .90 1.08 1.34 1.70 2.08 2.46 2.86 3.26 3.62 4.00 4.46 4.86 5.28 5.84
037 .96 1.16 1.42 1.84 2.26 2.70 3.12 3.54 3.96 4.38 4.78 5.20 5.64 6.30
038 1.02 1.28 1.60 2.08 2.52 2.98 3.40 3.84 4.28 4.70 5.12 5.56 6.04 6.76
039 1.10 1.44 1.78 2.32 2.78 3.26 3.70 4.16 4.60 5.04 5.48 5.96 6.46 7.24
040 1.20 1.60 2.00 2.56 3.04 3.56 4.02 4.48 4.92 5.38 5.88 6.38 6.92 7.82
041 1.30 1.78 2.20 2.82 3.32 3.88 4.34 4.82 5.26 5.78 6.30 6.84 7.44 8.46
042 1.40 1.96 2.40 3.08 3.60 4.20 4.66 5.16 5.66 6.20 6.76 7.38 8.02 9.14
043 1.52 2.10 2.58 3.26 3.80 4.40 4.90 5.48 6.02 6.62 7.28 7.96 8.68 9.88
044 1.62 2.24 2.78 3.42 4.00 4.60 5.18 5.80 6.42 7.10 7.84 8.60 9.38 10.74
045 1.72 2.38 2.96 3.58 4.20 4.84 5.46 6.14 6.86 7.64 8.46 9.28 10.14 11.66
046 1.82 2.52 3.16 3.72 4.44 5.06 5.76 6.56 7.34 8.22 9.10 10.02 10.98 12.64
047 1.92 2.66 3.36 3.90 4.68 5.30 6.12 6.98 7.88 8.82 9.80 10.82 11.88 13.68
048 2.00 2.78 3.52 4.08 4.90 5.64 6.54 7.52 8.40 9.40 10.46 11.54 12.62 14.50
049 2.10 2.92 3.66 4.26 5.16 6.00 7.00 8.08 8.96 10.04 11.14 12.26 13.40 15.34
050 2.20 3.06 3.82 4.48 5.44 6.40 7.48 8.70 9.56 10.68 11.84 13.00 14.18 16.18
051 2.30 3.20 4.02 4.70 5.72 6.80 8.00 9.36 10.18 11.34 12.56 13.76 14.98 17.06
052 2.40 3.36 4.20 4.94 6.02 7.22 8.56 10.06 10.80 12.02 13.28 14.54 15.82 18.00
053 2.52 3.52 4.44 5.30 6.46 7.74 9.14 10.68 11.54 12.82 14.10 15.50 16.94 19.36
054 2.64 3.70 4.70 5.68 6.94 8.30 9.74 11.30 12.30 13.62 14.98 16.52 18.14 20.86
055 2.76 3.86 4.96 6.10 7.44 8.86 1.036 11.94 13.10 14.50 15.92 17.62 19.44 22.48
056 2.90 4.04 5.24 6.54 4.94 9.44 11.00 12.58 13.94 15.42 16.92 18.80 20.86 24.26
057 3.02 4.22 5.52 6.98 8.48 10.04 11.64 13.24 14.84 16.42 18.00 20.08 22.40 26.26
058 3.26 4.58 5.98 7.52 9.08 10.68 12.36 14.06 15.76 17.42 19.52 21.72 24.22 28.36
059 3.50 4.96 6.48 8.08 9.70 11.38 13.14 14.92 16.72 18.50 21.20 23.58 26.28 30.80
ISSUE ATTND
AGE 15 000016+ AGE
----- ----- ------- -----
030 3.92 4.28 045
031 4.28 4.66 046
032 4.66 5.04 047
033 5.04 5.44 048
034 5.44 5.86 049
035 5.84 6.34 050
036 6.32 6.86 051
037 6.84 7.42 052
038 7.32 8.08 053
039 7.88 8.80 054
040 8.50 9.60 055
041 9.16 10.46 056
042 9.88 11.40 057
043 10.74 12.44 058
044 11.70 13.56 059
045 12.72 14.74 060
046 13.78 16.00 061
047 14.92 17.34 062
048 15.76 18.76 063
049 16.60 20.30 064
050 17.50 21.98 065
051 18.42 23.82 066
052 19.40 25.84 067
053 21.00 28.06 068
054 22.74 30.50 069
055 24.66 33.26 070
056 26.82 36.42 071
057 29.30 40.08 072
058 31.68 44.34 073
059 34.42 49.30 074
RGA REINSURANCE COMPANY
**ALLMERICA ▇▇▇▇▇ ▇▇▇ RATES
Annual Life Premiums
Male Nonsmoker ANB
POLICY YEAR
ISSUE
AGE 01 02 03 04 05 06 07 08 09 10
----- ----- ----- ----- ------ ------ ------ ------ ------ ------ ------
060 3.76 5.36 7.00 8.68 10.36 12.12 13.96 15.86 17.78 19.66
061 4.02 5.80 7.54 9.32 11.08 12.90 14.84 16.86 18.90 20.94
062 4.30 6.24 8.14 10.02 11.86 13.76 15.80 17.94 20.14 22.38
063 4.54 6.54 8.52 10.48 12.42 14.44 16.60 18.98 21.50 24.22
064 4.80 6.86 8.92 10.96 13.00 15.14 17.50 20.14 23.06 26.34
065 5.06 7.18 9.32 11.46 13.60 15.90 18.48 21.44 24.86 28.76
066 5.34 7.52 9.76 11.98 14.24 16.74 19.60 22.94 26.90 31.56
067 5.64 7.88 10.20 12.54 14.96 17.70 20.86 24.64 29.22 34.74
068 6.12 8.56 11.12 13.74 16.46 19.58 23.20 27.52 32.76 39.06
069 6.66 9.34 12.18 15.12 18.22 21.78 25.90 30.84 36.82 43.98
070 7.26 10.22 13.40 16.72 20.26 24.32 29.04 64.68 41.46 49.54
071 7.94 11.24 14.82 18.60 22.62 27.26 32.64 39.06 46.70 55.70
072 8.74 12.44 16.48 20.76 25.36 30.64 36.76 43.98 52.50 62.50
073 9.68 13.84 18.40 23.28 28.52 34.52 41.40 49.46 58.90 69.90
074 10.76 15.46 20.64 26.16 32.12 38.86 46.56 55.50 65.88 77.94
075 12.02 17.32 23.20 29.46 36.16 43.72 52.24 62.08 73.46 86.58
076 13.48 19.46 26.12 33.18 40.66 49.04 58.24 69.20 81.60 95.84
077 15.14 21.92 29.42 37.32 45.62 54.86 65.14 76.88 90.34 105.06
078 17.06 24.70 33.08 41.86 51.04 61.14 72.36 85.10 99.02 116.24
079 19.20 27.76 37.12 46.82 56.90 67.94 80.10 93.28 109.56 127.36
080 21.60 31.16 41.52 52.20 63.20 75.20 87.80 103.22 120.04 139.10
081 24.24 34.84 46.28 58.00 69.96 82.44 97.16 113.08 131.10 151.46
082 27.10 38.84 51.42 64.20 76.70 91.20 106.44 123.52 142.76 164.46
083 30.22 43.16 56.92 70.38 84.86 99.94 116.26 134.50 155.00 178.06
084 33.58 47.78 62.40 77.86 92.98 109.14 126.60 146.02 167.82 192.28
085 37.16 52.36 69.04 85.32 101.54 118084 137.44 158.10 181.22 207.12
086 41.00 57.94 75.64 93.18 110.58 129.02 148.82 170.72 195.20 222.56
087 45.08 63.48 82.62 101.46 120.04 139.70 160.70 183.90 209.78 238.64
088 49.38 69.34 89.96 110.16 129.98 150.86 173.10 197.62 224.92 255.34
089 53.94 75.50 97.66 119.26 140.36 162.50 186.02 211.90 240.66 272.66
ISSUE ATTND
AGE 11 12 13 14 15 000016+ AGE
----- ------ ------ ------ ------ ------ ------- -----
060 23.10 25.70 28.66 33.60 37.56 55.06 075
061 25.28 28.16 31.40 36.84 41.18 61.72 076
062 27.80 31.00 34.60 40.56 45.28 69.38 077
063 30.08 33.60 37.58 44.16 49.46 78.14 078
064 32.68 36.56 40.94 48.18 54.10 88.00 079
065 35.66 39.88 44.68 52.60 59.10 98.96 080
066 39.02 43.62 48.82 57.38 64.40 111.02 081
067 42.80 47.74 53.28 62.42 69.96 124.18 082
068 47.74 53.28 59.92 69.96 78.26 138.44 083
069 53.28 59.92 67.22 78.26 87.24 153.80 084
070 59.92 67.22 75.18 87.24 96.92 170.26 085
071 67.22 75.18 83.82 96.92 107.30 187.82 086
072 75.20 83.82 93.12 107030 117.60 206.48 087
073 83.82 93.12 103.08 117.60 130.12 226.24 088
074 93.12 103.08 112.98 130.12 142.56 247.10 089
075 103.70 113.00 125.00 142.56 155.72 269.06 090
076 113.00 125.02 136.96 155.72 169.56 292.12 091
077 125.02 136.98 149.60 169.56 184.08 316.28 092
078 136.98 149.62 162.90 184.08 199.30 341.54 093
079 149.62 162.90 176.86 199.30 215.22 367.90 094
080 162.92 176.88 191.48 215.22 231.84 395.36 095
081 176.88 191.50 206.78 231.84 249.14 423.92 096
082 191.50 206.80 222.74 249.14 267.14 453.58 097
083 206.80 222.76 239.36 267.14 285.84 484.34 098
084 222.76 239.38 256.64 285.84 305.22 516.20 099
085 239.38 256.68 274.60 305.22 325.30
086 256.68 274.64 293.22 325.30 346.06
087 274.64 293.26 312.52 346.06 999.99
088 293.26 312.54 332.46 999.99 999.99
089 312.56 332.50 999.99 999.99 999.99
4
RGA REINSURANCE COMPANY
**ALLMERICA ▇▇▇▇▇ ▇▇▇ RATES
Annual Life Premiums
Male Nonsmoker ANB
POLICY YEAR
ISSUE
AGE 01 02 03 04 05 06 07 08 09 10 11 12 13 14
----- ----- ----- ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
090 58.74 81.98 105.74 128.80 151.18 174.64 199.46 226.72 256.98 290.60 332.52 999.99 999.99 999.99
ISSUE ATTND
AGE 15 000016+ AGE
----- ------ ------- -----
090 999.99
RGA REINSURANCE COMPANY
**ALLMERICA ▇▇▇▇▇ ▇▇▇ RATES
Annual Life Premiums
Male Smoker ANB
POLICY YEAR
ISSUE
AGE 01 02 03 04 05 06 07 08 09 10 11 12 13 14
----- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ----
000 2.79 1.02 .90 .81 .72 .66 .60 .54 .54 .54 .57 .63 .72 .81
001 1.02 .90 .81 .72 .66 .60 .54 .54 .54 .57 .63 .72 .81 .96
002 .84 .81 .72 .66 .60 .54 .54 .54 .57 .63 .72 .81 .96 1.08
003 .72 .72 .66 .60 .54 .54 .54 .57 .63 .72 .81 .96 1.08 1.20
004 .66 .66 .60 .54 .54 .54 .57 .63 .72 .81 .96 1.08 1.20 1.32
005 .60 .60 .54 .54 .54 .57 .63 .72 .81 .96 1.08 1.20 1.32 1.41
006 .57 .54 .54 .54 .57 .63 .72 .81 .96 1.08 1.20 1.32 1.41 1.47
007 .51 054 .54 .57 .63 .72 .81 .96 1.08 1.20 1.32 1.41 1.47 1.53
008 .48 .54 .57 .63 .72 .81 .96 1.08 1.20 1.32 1.41 1.47 1.53 1.56
009 .48 057 .63 .72 .81 .96 1.08 1.20 1.32 1.41 1.47 1.53 1.56 1.59
010 .48 .63 .72 .81 .96 1.08 1.20 1.32 1.41 1.47 1.53 1.56 1.59 1.59
011 .51 .72 .81 .96 1.08 1.20 1.32 1.41 1.47 1.53 1.56 1.59 1.59 1.59
012 .54 .81 .96 1.08 1.20 1.32 1.41 1.47 1.53 1.56 1.59 1.59 1.59 1.59
013 .63 .93 1.05 1.14 1.26 1.35 1.41 1.47 1.56 1.59 1.59 1.59 1.59 1.59
014 .75 .99 1.11 1.20 1.29 1.35 1.41 1.44 1.59 1.59 1.59 1.59 1.59 1.59
015 .84 1.05 1.17 1.23 1.29 1.35 1.38 1.44 1.59 1.59 1.59 1.59 1.59 1.59
016 .96 1.11 1.17 1.23 1.26 1.29 1.35 1.38 1.59 1.59 1.59 1.59 1.59 1.62
017 1.08 1.11 1.17 1.20 1.23 1.26 1.29 1.32 1.59 4.59 1.59 1.59 1.62 1.65
018 1.08 1.11 1.17 1.20 1.23 1.26 1.29 1.32 1.53 1.56 1.59 1.62 1.65 1.74
019 1.08 1.11 1.17 1.20 1.23 1.26 1.29 1.32 1.50 1.50 1.62 1.65 1.74 1.83
020 1.05 1.08 1.14 1.17 1.23 1.23 1.29 1.32 1.44 1.50 1.65 1.74 1.83 1.95
021 1.02 1.08 1.11 1.17 1.20 1.23 1.29 1.32 1.41 1.47 1.74 1.83 1.95 2.10
022 .96 1.02 1.08 1.14 1.20 1.23 1.29 1.35 1.38 1.50 1.83 1.95 2.10 2.31
023 .96 1.02 1.11 1.17 1.23 1.26 1.35 1.38 1.50 1.65 1.95 2.10 2.31 2.52
024 .93 1.02 1.14 1.20 1.26 1.35 1.38 1.50 1.65 1.77 2.10 2.31 2.52 2.79
025 .93 1.05 1.17 1.23 1.32 1.38 1.50 1.65 1.77 1.89 2.31 2.52 2.79 3.09
026 .90 1.05 1.17 1.29 1.38 1.50 1.65 1.77 1.89 2.07 2.52 2.79 3.09 3.45
027 .90 1.05 1.23 1.35 1.50 1.65 1.77 1.89 1.98 2.28 2.79 3.09 3.45 3.87
028 .93 1.08 1.26 1.44 1.59 1.77 1.89 1.98 2.28 2.58 3.09 3.45 3.87 4.35
029 .96 1.11 1.32 1.53 1.71 1.89 1.98 2.28 2.58 2.91 3.45 3.87 4.35 4.86
ISSUE ATTND
AGE 15 000016+ AGE
----- ---- ------- -----
000 .96 1.08 015
001 1.08 1.20 016
002 1.20 1.32 017
003 1.32 1.41 018
004 1.41 1.47 019
005 1.47 1.53 020
006 1.53 1.56 021
007 1.56 1.59 022
008 1.59 1.59 023
009 1.59 1.59 024
010 1.59 1.59 025
011 1.59 1.59 026
012 1.59 1.59 027
013 1.59 1.59 028
014 1.59 1.62 029
015 1.62 1.65 030
016 1.65 1.74 031
017 1.74 1.83 032
018 1.83 1.95 033
019 1.95 2.10 034
020 2.10 2.31 035
021 2.31 2.52 036
022 2.52 2.79 037
023 2.79 3.09 038
024 3.09 3.45 039
025 3.45 3.87 040
026 3.87 4.35 041
027 4.35 4.86 042
028 4.86 5.37 043
029 5.37 5.88 044
RGA REINSURANCE COMPANY
**ALLMERICA ▇▇▇▇▇ ▇▇▇ RATES
Annual Life Premiums
Male Smoker ANB
POLICY YEAR
ISSUE
AGE 01 02 03 04 05 06 07 08 09 10 11 12 13 14
----- ---- ---- ---- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
030 .99 1.17 1.41 1.62 1.86 1.98 2.28 2.58 2.91 3.24 3.87 4.35 4.86 5.37
031 1.05 1.23 1.50 1.77 1.98 2.28 2.58 2.91 3.24 3.57 4.35 4.86 5.37 5.88
032 1.14 1.32 1.62 1.95 2.28 2.58 2.91 3.24 3.57 3.93 4.86 5.37 5.88 6.42
033 1.17 1.38 1.71 2.07 2.46 2.79 3.21 3.57 3.93 4.44 5.31 5.82 6.36 6.99
034 1.23 1.47 1.80 2.22 2.64 3.06 3.54 3.93 4.44 4.92 5.76 6.30 6.90 7.53
035 1.29 1.53 1.89 2.37 2.85 3.36 3.90 4.44 4.92 5.43 6.21 6.81 7.38 8.13
036 1.35 1.62 2.01 2.55 3.12 3.69 4.29 4.89 5.43 6.00 6.69 7.29 7.92 8.76
037 1.44 1.74 2.13 2.76 3.39 4.05 4.68 5.31 5.94 6.57 7.17 7.80 8.46 9.45
038 1.53 1.92 2.40 3.12 3.78 4.47 5.10 5.76 6.42 7.05 7.68 8.34 9.06 10.14
039 1.65 2.16 2.67 3.48 4.17 4.89 5.55 6.24 6.90 7.56 8.22 8.94 9.69 10.86
040 1.80 2.40 3.00 3.84 4.56 5.34 6.03 6.72 7.38 8.07 8.82 9.57 10.38 11.73
041 1.95 2.67 3.30 4.23 4.98 5.82 6.51 7.23 7.89 8.67 9.45 10.26 11.16 12.69
042 2.10 2.94 3.60 4.62 5.40 6.30 6.99 7.74 8.49 9.30 10.14 11.07 12.03 13.71
043 2.28 3.15 3.87 4.89 5.70 6.60 7.35 8.22 9.03 9.93 10.92 11.94 13.02 14.82
044 2.43 3.36 4.17 5.13 6.00 6.90 7.77 8.70 9.63 10.65 11.76 12.90 14.07 16.11
045 2.58 3.57 4.44 5.37 6.30 7.26 8.19 9.21 10.29 11.46 12.69 13.92 15.21 17.49
046 2.73 3.78 4.74 5.58 6.66 7.59 8.64 9.84 11.01 12.33 13.65 15.03 16.47 18.96
047 2.88 3.99 5.04 5.85 7.02 7.95 9.18 10.47 11.82 13.23 14.70 16.23 17.82 20.52
048 3.00 4.17 5.28 6.12 7.35 8.46 9.81 11.28 12.60 14.10 15.69 17.31 18.93 21.75
049 3.15 4.38 5.49 6.39 7.74 9.00 10.50 12.12 13.44 15.06 16.71 18.39 20.10 23.01
050 3.30 4.59 5.73 6.72 8.16 9.60 11.22 13.05 14.34 16.02 17.76 19.50 21.27 24.27
051 3.45 4.80 6.03 7.05 8.58 10.20 12.00 14.04 15.27 17.01 18.84 20.64 22.47 25.59
052 3.60 5.04 6.30 7.41 9.03 10.83 12.84 15.09 16.20 18.03 19.92 21.81 23.73 27.00
053 3.78 5.28 6.66 7.95 9.69 11.61 13.71 16.02 17.31 19.23 21.15 23.25 25.41 29.04
054 3.96 5.55 7.05 8.52 10.41 12.45 14.61 16.95 18.45 20.43 22.47 24.78 27.21 31.29
055 4.14 5.79 7.44 9.15 11.16 13.29 15.54 17.91 19.65 21.75 23.88 26.43 29.16 33.72
056 4.35 6.06 7.86 9.81 11.91 14.16 16.50 18.87 20.91 23.13 25.38 28.20 31.29 36.39
057 4.53 6.33 8.28 10.47 12.72 15.06 17.46 19.86 22.26 24.63 27.00 30.12 33.60 39.39
058 4.89 6.87 8.97 11.28 13.62 16.02 18.54 21.09 23.64 26.13 29.28 32.58 36.33 42.54
059 5.25 7.44 9.72 12.12 14.55 17.07 19.71 22.38 25.08 27.75 31.80 35.67 39.42 46.20
ISSUE ATTND
AGE 15 000016+ AGE
----- ----- ------- -----
030 5.88 6.42 045
031 6.42 6.99 046
032 6.99 7.56 047
033 7.56 8.16 048
034 8.16 8.79 049
035 8.76 9.51 050
036 9.48 10.29 051
037 1.026 11.13 052
038 10.98 12.12 053
039 11.82 13.20 054
040 12.75 14.40 055
041 13.74 15.69 056
042 14.82 17.10 057
043 16.11 18.66 058
044 17.55 20.34 059
045 19.08 22.11 060
046 20.67 24.00 061
047 22.38 26.01 062
048 23.64 28.14 063
049 24.90 30.45 064
050 26.25 32.97 065
051 27.63 35.73 066
052 29.10 38.76 067
053 31.50 42.09 068
054 34.11 45.75 069
055 36.99 49.89 070
056 40.23 54.63 071
057 43.95 60.12 072
058 47.52 66.51 073
059 51.63 73.95 074
RGA REINSURANCE COMPANY
**ALLMERICA ▇▇▇▇▇ ▇▇▇ RATES
Annual Life Premiums
Male Smoker ANB
POLICY YEAR
ISSUE
AGE 01 02 03 04 05 06 07 08 09 10 11
----- ----- ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
060 5.64 8.04 10.50 13.02 15.54 18018 20.94 23.79 26.67 29.49 34.65
061 6.03 8.70 11.31 13.98 16.62 19.35 22.26 25.29 28.35 31.41 37.92
062 6.45 9.36 12.21 15.03 17.79 20.64 23.70 26.91 30.21 33.57 41.70
063 6.81 9.81 12.78 15.72 18.63 21.66 24.90 28.47 32.25 36.33 45.12
064 7.20 10.29 13.38 16.44 19.50 22.71 26.25 30.21 34.59 39.51 49.02
065 7.59 10.77 13.98 17.19 20.40 23.85 27.72 32.16 37.29 43.14 53.49
066 8.01 11.28 14.64 17.97 21.36 25.11 29.40 34.41 40.35 47.34 58.53
067 8.46 11.82 15.30 18.81 22.44 26.55 31.29 36.96 43.83 52.11 64.20
068 9.18 12.84 16.68 20.61 24.69 29.37 34.80 41.28 49.14 58.59 71.61
069 9.99 14.01 18.27 22.68 27.33 32.67 38.85 46.26 55.23 65.97 79.92
070 10.89 15.33 20.10 25.08 30.39 36.48 43.56 52.02 62.19 74.31 89.88
071 11.91 16.86 22.23 27.90 33.93 40.89 48.96 58.59 70.05 83.55 100.83
072 13.11 18.66 24.72 31.14 38.04 45.96 55.14 65.97 78.75 93.75 112.80
073 14.52 20.76 27.60 34.92 42.78 51.78 62.10 74.19 88.35 104.85 125.73
074 16.14 23.19 30.96 39.24 48.18 58.29 69.84 83.25 98.82 116.91 139.68
075 18.03 25.98 34.80 44.19 54.24 65.58 78.36 93.12 110.19 129.87 154.65
076 20.22 29.19 39.18 49.77 60.99 73.56 87.63 103.80 122.40 143.76 169.50
077 22.71 32.88 44.13 55.98 68.43 82.29 97.71 115.32 135.51 157.59 187.53
078 25.59 37.05 49.62 62.79 76.56 91.71 108.54 127.65 148.53 174.36 205.47
079 28.80 41.64 55.68 70.23 85.35 101.91 120.15 139.92 164.34 191.04 224.43
080 32.40 46.74 62.28 78.30 94.80 112.80 131.70 154.83 180.06 208.65 244.38
081 36.36 52.26 69.42 87.00 104.94 123.66 145.74 169.62 196.65 227.19 265.32
082 40.65 58.26 77.13 96.30 115.05 136.80 159.66 185.28 214.14 246.69 287.25
083 45.33 64.74 85.38 105.57 127.29 149.91 174.39 201.75 232.50 267.09 310.20
084 50.37 71.67 93.60 116.79 139.47 163.71 189.90 219.03 251.73 288.42 334.14
085 55.74 78.54 103.56 127.98 152.31 178.26 206.16 237.15 271.83 310.68 359.07
086 61.50 86.91 113.46 139.77 165.87 193.53 223.23 256.08 292.80 333.84 385.02
087 67.62 95.22 123.93 152.19 180.06 209.55 241.05 275.85 314.67 357.96 411.96
088 74.07 104.01 134.94 165.24 194.97 226.29 259.65 296.43 337.38 383.01 439.89
089 80.91 113.25 146.49 178.89 210.54 243.75 279.03 317.85 360.99 408.99 468.84
ISSUE ATTND
AGE 12 13 14 15 000016+ AGE
----- ------ ------ ------ ------ ------- -----
060 38.55 42.99 50.40 56.34 82.59 075
061 42.24 47.10 55.26 61.77 92.58 076
062 46.50 51.90 60.84 67.92 104.07 077
063 50.40 56.37 66.24 74.19 117.21 078
064 54.84 61.41 72.27 81.15 132.00 079
065 59.82 67.02 78.90 88.65 148.44 080
066 65.43 73.23 86.07 96.60 166.53 081
067 71.61 79.92 93 104.94 186.27 082
068 79.92 89.88 63 117.39 207.66 083
069 89.88 100.83 104.94 130.86 230.70 084
117.39
070 100.83 112.77 130.86 145.38 255.39 085
071 112.77 125.73 145.38 160.95 281.73 086
072 125.73 139.68 160.95 176.40 309.72 087
073 139.68 154.62 176.40 195.18 339.36 088
074 154.62 169.47 195.18 213.84 370.65 089
075 169.50 187.50 213.84 233.58 403.59 090
076 187.53 205.44 233.58 254.34 438.18 091
077 205.47 224.40 254.34 276.12 474.42 092
078 224.43 244.35 276.12 298.95 512.31 093
079 244.35 265.29 298.95 322.83 551.85 094
080 265.32 287.22 322.83 347.76 593.04 095
081 287.25 310.17 347.76 373.71 635.88 096
082 310.20 334.11 373.17 400.71 680.37 097
083 334.14 359.04 400.71 428.76 726.51 098
084 359.07 384.96 428.76 457.83 774.30 099
085 385.02 411.90 457.83 487.95
086 411.96 439.83 487.95 519.09
087 439.89 468.78 519.09 999.99
088 468.81 498.69 999.99 999.99
089 498.75 999.99 999.99 999.99
RGA REINSURANCE COMPANY
**ALLMERICA ▇▇▇▇▇ ▇▇▇ RATES
Annual Life Premiums
Male Smoker ANB
POLICY YEAR
ISSUE
AGE 01 02 03 04 05 06 07 08 09 10 11 12 13 14
----- ----- ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
090 88.11 122.97 158.61 193.20 226.77 261.96 299.19 340.08 385.47 435.90 498.78 999.99 999.99 999.99
ISSUE ATTND
AGE 15 000016+ AGE
----- ------ ------- -----
090 999.99
SCHEDULE VII
DEFINITIONS
ASSUME - To accept or take over a risk, the converse of cede.
AUTOMATIC REINSURANCE - A reinsurance agreement under which the Reinsurer is
obligated to accept or assume risks which meet certain specific criteria based
on the Ceding Company's underwriting.
CASH VALUE - The amount of money which the policy owner will receive as a refund
if the policy owner cancels coverage and returns the policy to the company.
CEDE - To transfer an insurance risk from the company originally issuing the
policy to another insurance company known as the Reinsurer.
CEDING COMPANY - A CEDING INSURER is an insurer which underwrites and issues an
original, principal policy to an insured and contractually transfers (cedes) a
portion of the risk to the Reinsurer. A CEDING REINSURER is a Reinsurer which
transfers (cedes) a portion of the underlying reinsurance to a
retrocessionnaire.
CEDING COMPANY'S PUBLISHED TERM CONVERSION GUIDELINES
CEDING COMPANY'S STANDARD GUIDELINES
COINSURANCE - Indemnity life reinsurance under which the reserves as well as the
risk are transferred to the Reinsurer; the Ceding Company retains its liability
to the contractual relationship with the insured. Under the Coinsurance method,
the Ceding Company will pay the Reinsurer a proportionate part of the premiums
it receives. In return, the Reinsurer agrees to pay the Ceding Company a
proportionate part of the claim and participate in all other policy benefits
explicitly stated in this Agreement.
CONDITIONAL RECEIPT - A provision included in some life insurance policies
providing coverage from the date of application to the date at which the policy
is either issued or declined.
EXCESS REINSURANCE - A form of reinsurance under which recoveries are available
when a given loss exceeds the Ceding Company's retention (excess of loss
reinsurance) defined in this Agreement.
EXPERIENCE REFUND OR PROFIT COMMISSION - A provision found in some reinsurance
agreements which provides for profit sharing. Parties agree to a formula for
calculating profit, an allowance for the Reinsurer's expenses, and the Ceding
Company's share of such profit after expenses.
EXTRA CONTRACTUAL OBLIGATIONS (ECO) - A generic term that, when used in a
reinsurance agreement, refers to damages awarded by a court against an insurer
which are outside the provisions of the insurance policy, due to the insurer's
bad faith, fraud or gross negligence in the handling of a claim.
FACULTATIVE - Reinsurance under which the Ceding Company has the option
(faculty) of submitting and the Reinsurer has the option of accepting or
declining individual risks. This Agreement merely reflects how individual
facultative reinsurance will be handled.
FLAT EXTRA PREMIUM - A method for rating substandard risks used when the extra
risk is considered to be constant. The underwriter assesses a specific extra
premium for each $1,000 of insurance. Flat extra ratings usually apply to
applicants in hazardous occupations or avocations, aviation, or with certain
physical impairments of a temporary nature.
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INDEXING - The adjustment of the Ceding Company's retention and the reinsurance
limit by a measure of inflation such as the Consumer Price Index.
MINIMUM REINSURANCE AMOUNT - The smallest cession that the Reinsurer will accept
automatically. The minimum size is set to avoid the expenses associated with
small cessions.
ORIGINAL POLICY(s) - Insurance contracts between the Ceding Company and the
Insured(s).
POLICY RESERVE - A liability account that identifies the amount of assets that,
together with the future premiums to be received from inforce policies, is
expected to be sufficient to pay future claims on those inforce policies. Also
called a legal reserve or a statutory reserve.
POOL - A method of allocating reinsurance among several Reinsurers. Using this
method, each Reinsurer receives a specified percentage of each risk ceded into
the pool. A REINSURANCE POOL is a multi-Reinsurer agreement under which each
Reinsurer in the group or pool assumes a specified portion of each risk ceded to
the pool.
PREMIUM - (Written/Unearned/Earned) - WRITTEN PREMIUM is premium registered on
the books of an insurer or Reinsurer at the time a policy is issued and paid.
Premium for a future exposure period is said to be UNEARNED PREMIUM. For the
individual policy, written premium minus unearned premium equals earned premium.
EARNED PREMIUM is income for the accounting period while unearned premium will
be income in a future accounting period.
PUNITIVE DAMAGES - A term that, when used in reinsurance agreements, refers to
damages awarded by a court against an insured or against an insurer in addition
to compensatory damages. Punitive damages are intended to punish the insured or
the insurer for willful and careless misconduct and to serve as a deterrent.
When the award is against an insurer, it is usually related to the conduct of
the insurer in the handling of a claim.
QUOTA SHARE - A form of reinsurance in which premiums and losses are shared
proportionately between the Ceding Company and the Reinsurer, in which the same
percentage applies to all policies reinsured.
RATE - The premium rate is the amount of premium charged per exposure unit, e.g.
per $l,000.
RECAPTURE - The process by which the Ceding Company recovers the liabilities
transferred to the Reinsurer.
REINSURER - A company which contractually assumes all or part of the Ceding
Company's risk.
RETENTION - The dollar amount or percentage of each loss retained by the Ceding
Company under this reinsurance agreement. The Ceding Company's retention is not
reinsured in any way.
RISK - Insurance on an individual life.
28
RISK PREMIUM REINSURANCE - Another name for Yearly Renewable Term (YRT)
reinsurance. A form of reinsurance under which the risks, but not the permanent
plan reserves, are transferred to the Reinsurer for a premium that varies each
year with the amount at risk and the ages of the insureds. Under the YRT method,
the Ceding Company will transfer the Reinsurer the mortality risk on either a
net amount at risk basis or on an approximation of the net amount at risk basis.
SELF ADMINISTRATION - A reinsurance arrangement where the Ceding Company
provides the Reinsurer with periodic reports for reinsurance ceded giving
premium, inforce, reserve, and any other information required by the Reinsurer
for financial reports. Self Administration is also known as Bulk or Bordereaux.
STANDARD GUIDELINES - The underwriting guidelines intended to be applied to all
applications for insurances of the type(s) reinsured under this agreement.
SUBSTANDARD RISKS - Those insureds who, under the terms of the Ceding Company's
standard guidelines, do not meet criteria for issuance at standard premium
rates.
SUBSTANDARD TABLE EXTRA - Substandard table extra ratings usually apply to
physically impaired lives. The rates will increased by a factor as shown in
Schedule I for each table of additional mortality.
SUM AT RISK OR NET AMOUNT AT RISK - The excess of the death benefit of a policy
over the cash value.
YEARLY RENEWABLE TERM - Another name for Risk Premium Reinsurance.
29
3069-02-00
ADDENDUM
to the
AUTOMATIC YRT AGREEMENT DATED JANUARY 1, 1998
between
ALLMERICA FINANCIAL LIFE INSURANCE AND ANNUITY COMPANY, WORCESTER,
MASSACHUSETTS, USA
(hereinafter called the "Ceding Company")
and
RGA REINSURANCE COMPANY, ST. LOUIS, MISSOURI, USA
(hereinafter called the "Reinsurer")
THIS ADDENDUM IS EFFECTIVE JANUARY 1, 2001
I. ADDITION OF VARIABLE UNIVERSAL LIFE AND UNIVERSAL LIFE POLICIES SOLD
BETWEEN JANUARY 1, 1998 AND DECEMBER 31, 2000.
Effective January 1, 2001, the attached Schedule II, Business Covered, is
hereby added to this Agreement which now includes Variable Universal Life
and Universal Life policies sold between January 1, 1998 and December 31,
2000.
II. Effective January 1, 2001, the rate table and allowances used for the
above-mentioned business will be the same as the allowances and the rate
table S-I in Schedule III, Reinsurance Premiums, in the base Agreement.
III. All provisions of the Automatic YRT Agreement not specifically modified
herein remain unchanged.
IN WITNESS WHEREOF, both parties have executed this Addendum in duplicate as
follows:
ALLMERICA FINANCIAL LIFE ISURANCE AND ANNUITY COMPANY
By: /s/ By: /s/
-------------------------------- -------------------------------
Title: Vice President & Actuary Title: (illegible)
----------------------------- ----------------------------
Date: 12/1/2000 Date: 12/1/2000
------------------------------ -----------------------------
RGA REINSURANCE COMPANY
By: /s/
--------------------------------
Title: Vice President
-----------------------------
Date: 11-13-00
------------------------------
1
2
SCHEDULE II -- BUSINESS COVERED
EFFECTIVE JANUARY 1, 2001
Variable Universal Life and Universal Life policies sold between January 1, 1998
and December 31, 2000.
3