EFFECTIVE DATE: The Effective Date of this Agreement shall be 12:01 a.m., New York City Time, December 31, 1998. TERM: This Agreement shall remain in force and the Term of this Agreement shall be from the Effective Date of this Agreement until the...
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AMENDED AND RESTATED AGGREGATE EXCESS OF LOSS
REINSURANCE AGREEMENT
amended as of the 1st day of March, 2000 (the "Amendment Date")
between
METROPOLITAN LIFE INSURANCE COMPANY
▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
(hereinafter referred to as the "Company")
AND
AMERICAN INTERNATIONAL LIFE ASSURANCE COMPANY OF NEW YORK
▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
(hereinafter referred to as the "Reinsurer")
WHEREAS, the Company and the Reinsurer are parties to that certain
Restatement of the Aggregate Excess of Loss Reinsurance Agreement dated as of
December 31, 1998;
WHEREAS, the Company and the Reinsurer desire to amend certain
provisions of the Agreement effective as of the Amendment Date, and as a result
of such amendments and for the sake of clarity, to restate the Agreement in its
entirety by this Agreement;
NOW THEREFORE, in consideration of the premises and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree that the Agreement shall be
amended and restated as follows:
TYPE: Aggregate Excess of Loss Reinsurance.
EFFECTIVE DATE: The Effective Date of this Agreement shall
be 12:01 a.m., New York City Time, December
31, 1998.
TERM: This Agreement shall remain in force and the
Term of this Agreement shall be from the
Effective Date of this Agreement until the
earlier of (A) the later of March 31, 2005,
or the exhaustion of the Part A Aggregate
Sublimit; or (B) the Effective Date of
Commutation of this Agreement.
COVERAGE: Part A Coverage:
The Reinsurer shall indemnify the Company
for Part A Covered Losses.
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Part B Coverage:
The Reinsurer shall indemnify the Company
for Part B Covered Losses.
Part C Coverage:
The Reinsurer shall indemnify the Company
for Part C Covered Losses.
BUSINESS
COVERED: Part A Business Covered:
Amounts paid or to be paid by the Company as
life insurance benefits, cash values or
otherwise (but excluding all benefits that
are included in Part C Business Covered) to
its life insurance policyholders and annuity
contract holders, or beneficiaries or proper
assignees thereof, where such amounts arise
out of policies or contracts issued by the
Company but are in addition to the amounts
anticipated at the time the policies or
contracts were issued; and, where such
amounts are payable pursuant to judgments
in, or settlements of, lawsuits or other
proceedings (including without limitation
administrative proceedings) alleging that
the Company or its agents engaged in
improper sales practices.
Part B Business Covered:
Except as otherwise provided in this
section, Part B Business Covered shall mean
all death benefits for policies listed in
the Company's Notice Business Policy Master
File (NBPMF) that were issued and delivered
in the Part B Subject Territory prior to
January 1, 1997, and were in force as of the
Effective Date with a policy account code
of: (1) premium paying (Policy Account Code
= 1), (2) fully paid up (Policy Account Code
=2), or (3) single premium (Policy Account
Code =9). Policies on (a) the nonforfeiture
reduced paid up option (Policy Account Code
=3) as of the Effective Date or on any other
date during the Term of this Agreement and
policies on (b) the nonforfeiture extended
term insurance option (Policy Account Code
=5) as of the Effective Date or on any other
date during the Term of this Agreement are
excluded from coverage under this Part B
Business Covered subsection. Policy forms
identified by the Company's plan code
"Estate Saver" are also excluded from
coverage under this Part B Business Covered
subsection. All other policy riders and
benefits are covered under this Part B
Business Covered subsection except for the
Accidental Death Benefit (ADB), Disability
Waiver of Premium Benefit (DW), Applicant's
Waiver of Premium Benefit (AWB), and
Additional Insurance (AI).
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Part C Business Covered:
Amounts paid by the Company as death
benefits (other than benefits paid pursuant
to agreements providing accidental death
benefits), where such amounts meet all of
the following criteria: (1) such amounts
arise out of policies or contracts issued by
the Company but are in addition to the
amounts anticipated at the time the policies
or contracts were issued; and (2) such
amounts are payable pursuant to the
Stipulation of Settlement with exhibits,
dated August 18, 1999, as amended and in
effect on the Amendment Date (or as amended
in the future if the Reinsurer provides its
written consent to the corresponding changes
in coverage resulting from such amendment)
of the Metropolitan Life Insurance Company
sales practices litigation, MDL No. 1091, in
the United States District Court for Western
Pennsylvania (as so in effect, the
"Settlement Order") ; and (3) the amount of
the benefit is determined as set forth in
the settlement agreement or determined by
the claims evaluator prior to the date of
death of the measuring life.
SUBJECT
TERRITORY: Part A and Part C Subject Territory:
The Reinsurer's liability shall be limited
to policies or contracts issued for delivery
in the fifty (50) States of the United
States of America, the District of Columbia,
or Canada for losses occurring in the fifty
(50) States of the United States of America,
the District of Columbia, or Canada.
Part B Subject Territory:
The Reinsurer's liability shall be limited
to policies issued for delivery in the fifty
(50) States of the United States of America
and the District of Columbia for losses
occurring in the fifty (50) States of the
United States of America and the District of
Columbia.
SUBJECT LOSSES: Part A Subject Losses:
Part A Subject Losses shall mean all Part A
Ultimate Net Loss with Claim Dates on or
after December 31, 1998 arising from claims
made against the Company on or prior to
December 31, 1999 in respect of the Part A
Business Covered hereunder.
Part B Subject Losses:
Part B Subject Losses shall mean all Part B
Ultimate Net Loss paid by the Company on or
after December 31, 1998 as a result of
deaths occurring on or after December 31,
1998 and on or prior to December 31, 1999 in
respect of the Part B Business Covered
hereunder.
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Part C Subject Losses:
Part C Subject Losses shall mean all Part C
Ultimate Net Loss paid by the Company in
respect of the Part C Business Covered
hereunder.
COVERED LOSSES: Part A Covered Losses:
Subject to the Combined Aggregate Limit and
the Part A Aggregate Sublimit, Part A
Covered Losses shall mean Fifty Percent
(50%) of Part A Subject Losses in excess of
the Part A Aggregate Retention.
Part B Covered Losses:
Subject to the Combined Aggregate Limit and
the Part B Sublimit, Part B Covered Losses
shall mean Fifty Percent (50%) of Part B
Subject Losses in excess of the Part B
Aggregate Retention.
Part C Covered Losses:
Part C Covered Losses shall mean Fifty
Percent (50%) of Part C Subject Losses.
RETENTIONS: Part A Aggregate Retention:
The Part A Aggregate Retention shall be
equal to Three Hundred Eighty Five Million
Dollars ($385,000,000) in the aggregate.
Part B Aggregate Retention:
The Part B Aggregate Retention shall be
equal to Five Hundred Six Million Dollars
($506,000,000), PLUS the Company's statutory
policy reserves released upon death of an
insured or otherwise.
Part C Aggregate Retention:
The Part C Aggregate Retention shall be
equal to zero (0).
SUBLIMITS: Part A Aggregate Sublimit:
The maximum amount of Part A Covered Losses
indemnified under this Agreement shall be
limited to Two Hundred Seventy Five Million
Dollars ($275,000,000), LESS the aggregate
amount of Mortality Cover Purchase Charges
paid or due to be paid by the Company to the
Reinsurer. However, the Part A Aggregate
Sublimit shall never be less than zero.
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This Part A Aggregate Sublimit is the
maximum amount payable by the Reinsurer for
Part A Covered Losses under this Agreement.
Under no circumstances will the Reinsurer be
obligated to pay more than this amount in
respect of Part A Covered Losses.
Part B Sublimit
The maximum amount of Part B Covered Losses
indemnified under this Agreement shall be
limited to Two Million Five Hundred Thousand
Dollars ($2,500,000) for any individual
insured.
COMBINED
AGGREGATE
LIMIT: The Combined Aggregate Limit for the sum of
Part A Covered Losses and Part B Covered
Losses under this Agreement shall equal
Three Hundred Twenty Five Million Dollars
($325,000,000), LESS the aggregate amount of
Mortality Cover Purchase Charges paid or due
to be paid by the Company to the Reinsurer.
However, the Combined Aggregate Limit shall
never be less than zero.
This Combined Aggregate Limit is the maximum
amount payable by the Reinsurer under this
Agreement for Part A Covered Losses and Part
B Covered Losses. Under no circumstances
will the Reinsurer be obligated to pay more
than this amount in respect of Part A
Covered Losses and Part B Covered Losses
combined.
REINSURANCE
PREMIUM: The Reinsurance Premium shall equal Two
Hundred Sixty Four Million Five Hundred
Thousand Dollars ($264,500,000) and shall be
payable in full and without deduction by the
Company on or before December 31, 1998. The
date the Reinsurance Premium is paid shall
be referred to as the "Premium Payment
Date". The Reinsurance Premium shall be
payable in cash by federal wire transfer in
immediately available non-reversible United
States Federal Funds to an account specified
by the Reinsurer.
The Reinsurance Premium shall be considered
fully earned when received in the account
specified by the Reinsurer.
The Reinsurance Premium is a net amount and
includes no allowance for commissions,
brokerage, taxes or any other costs which
may arise in connection with this Agreement
or the Business Covered hereunder. Any such
amounts shall remain the sole responsibility
of the Company.
If the Company fails to pay the Reinsurance
Premium in full and in accordance with the
terms of this Reinsurance Premium Section,
this Agreement shall not come into effect
and shall not in any way bind the Reinsurer.
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MORTALITY
COVER
PURCHASE
CHARGES: For coverage of Part C Covered Losses, the
Company shall pay to the Reinsurer the
Mortality Cover Purchase Charges for each
calendar quarter. Such payment shall be due
and payable on the Settlement Date for the
calendar quarter in which the amount of the
settlement death benefit and the specifics
of the measuring life are first determinable
by the Company. Payment of the Mortality
Cover Purchase Charges shall be made first
by a reduction in the Part A Aggregate
Sublimit until the available Part A
Aggregate Sublimit is exhausted, and then in
cash to the Reinsurer. The Tabular Mortality
Cost for each calendar quarter shall be
equal to the amounts defined in Schedule 3.
The Mortality Cover Purchase Charges for
each calendar quarter shall equal the
minimum statutory reserve (as of the date
that the benefits and the specifics of the
measuring life are first determinable by the
Company) as required by New York State for
the benefits associated with the Mortality
Cover Purchase Charges LESS 31.00% of the
Tabular Mortality Cost for such benefits.
For purposes of calculating the Mortality
Cover Purchase Charges pursuant to the prior
sentence, such reserves shall be calculated
based under the applicable regulations as in
effect as of the date that the benefits and
the specifics of the measuring life are
first determinable by the Company regardless
of when such reserves are actually
calculated.
If any of the Mortality Cover Purchase
Charges due to be paid by the Company under
this Agreement are paid later than indicated
herein, interest at rates equal to the
actual effective yield on the three (3)
month United States Treasury ▇▇▇▇ maturing
closest to the due date shall be computed
from the date such amounts are due to the
date such amounts are received. Such
interest computed shall be paid as an
integral part of the payment made. If the
Company fails to pay in full the Mortality
Cover Purchase Charges or interest in
accordance with this paragraph for a
calendar quarter, then the mortality
benefits associated with the Mortality Cover
Purchase Charges shall be excluded from Part
C Business Covered
REINSURER'S
MARGIN: The Reinsurer's Margin for each calendar
quarter shall be equal to three quarters of
one percent (0.75%) of the Tabular Mortality
Cost for that calendar quarter.
DEFFERED ACQUISITION
COST ("DAC") TAX
REIMBURSEMENT
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AMOUNT: The initial DAC Tax Reimbursement Amount is
Ten Million Eight Hundred Forty Five
Thousand Four Hundred Thirty Three Dollars
($10,845,433) and all subsequent settlements
will be calculated on a similar basis to
that set forth hereafter.
For purposes of determining DAC Tax
Reimbursement Amounts, a Contract Payment
shall be any payment (other than a DAC Tax
Reimbursement Amount) made under this
reinsurance agreement either by the Company
to the Reinsurer or by the Reinsurer to the
Company in accordance with the principles
set forth in Treas. Reg. Section 1.848
defining net consideration.
SETTLEMENT
DATES: The first Settlement Date, which shall cover
the period from December 31, 1998 through
December 31, 1999, shall be March 31, 2000
(the "First Settlement Period"). The
Settlement Date for each calendar quarter
beginning January 1, 2000 and thereafter
shall be the later of (a) the first Business
Day on or after sixty (60) days after the
end of that calendar quarter, or (b) the
first Business Day on or after the tenth
(10th) Business Day after the Reinsurer's
receipt of the Company's Loss Report for the
prior calendar quarter.
BUSINESS DAYS: Business Day shall mean any day other than a
Saturday, a Sunday or a day on which banking
institutions in New York, New York, or the
Islands of Bermuda are authorized or
obligated by law, regulation or executive
order to be closed.
EXPERIENCE
BALANCE: The Reinsurer shall establish and maintain a
notional Experience Balance during the time
that this Agreement is in effect and whose
balance shall be determined on each
Settlement Date in accordance with this
Experience Balance section.
The Experience Balance at the Premium
Payment Date shall be equal to Two Hundred
Sixty ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars ($261,500,000).
The Experience Balance at the Settlement
Date for the period from December 31, 1998
through December 31, 1999 shall be equal to:
The Experience Balance at the
Premium Payment Date MULTIPLIED BY
(1.0 plus the annual compounding
yield on the one (1) year United
States Treasury ▇▇▇▇ as of the close
of business on the Premium Payment
Date) raised to the power of
four-hundred-fifty six (456) days
divided by three-hundred-sixty-
six (366) days,
LESS
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Covered Losses due from the
Reinsurer for the period from
December 31, 1998 through December
31, 1999.
The Experience Balance at the Settlement
Date for each calendar quarter commencing on
or after Jan. 1, 2000 shall be equal to:
(A) The Experience Balance at the end of
the prior Settlement Date MULTIPLIED
BY (1.0 plus the actual / 365 annual
compounding yield determined as of
the prior Settlement Date on the
three (3) month United States
Treasury ▇▇▇▇ maturing closest to
the Settlement Date for the contract
quarter) raised to the power of the
actual number of days from the prior
Settlement Date to the first
Business Day on or after sixty (60)
days after the end of the contract
quarter DIVIDED BY three-hundred-
sixty-five (365),
MULTIPLIED BY,
for such first Business Day on or
after 60 days after the end of the
contract quarter, and for each
subsequent Business Day during that
settlement period up to but
excluding the Settlement Date, M.
Where, M = 1 + [F x (1 + ND) / 360];
F = Federal Reserve
Discount Rate for such Business Day,
which is the percentage rate
reported for such Business Day as
"Discount Window Borrowing" in the
Federal Reserve H.15 Statistical
release;
ND = number of calendar
days that is not a Business Day
subsequent to such Business Day. For
example, ND for a Monday during a
normal working day week would be
zero; ND for the Friday during such
week would be two; and ND for the
Friday when the next Monday is not a
Business Day would be three. In
general, for a normal Business Day
other than Friday, M = 1 + [F x (1 +
0) / 360], and for Fridays, M = 1 +
[F x (1 + 2) / 360].
PLUS
(B) The Mortality Cover Purchase Charges
paid to the Reinsurer in cash by the
Company for that calendar quarter
that are not paid by a reduction in
the Part A Aggregate Sublimit,
LESS
(C) Covered Losses due from the
Reinsurer for that calendar quarter,
LESS
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(D) Reinsurer's Margin for that calendar
quarter.
ULTIMATE NET LOSS: (a) Part A Ultimate Net Loss:
Part A Ultimate Net Loss as used
herein shall mean the actual sum of
all Claim Amounts with Claim Dates
on or after the Effective Date in
settlement of all losses arising in
respect of the Part A Business
Covered after making deductions for
all recoveries, all salvage, and all
claims upon other reinsurances,
which inure to the benefit of the
Reinsurer under this Agreement,
whether collectable or not, and
shall include Allocated Loss
Adjustment Expenses paid by the
Company. Part A Ultimate Net Loss
shall also include Allocated Loss
Adjustment Expenses paid by the
Company in connection with Part C
Business Covered.
Part B Ultimate Net Loss:
Part B Ultimate Net Loss as used
herein shall mean the actual sum
paid by the Company on or after the
Effective Date in settlement of all
death claims arising in respect of
the Part B Business Covered after
making deductions for all
recoveries, all salvage, and all
claims upon other reinsurances,
which inure to the benefit of the
Reinsurer under this Agreement,
whether collectable or not.
Part C Ultimate Net Loss:
Part C Ultimate Net Loss as used
herein shall mean the actual sum of
all claims paid by the Company
arising in respect of the Part C
Business Covered after making
deductions for all recoveries, all
salvage, and all claims upon other
reinsurances, which inure to the
benefit of the Reinsurer under this
Agreement, whether collectable or
not. For purposes of this Agreement,
Allocated Loss Adjustment Expenses
paid by the Company in connection
with Part C Business Covered shall
be included in Part A Ultimate Net
Loss and not in Part C Ultimate Net
Loss.
(b) All salvages, recoveries,
reinsurance or payments recovered or
received subsequent to a loss
settlement under this Agreement
shall be applied as if recovered or
received prior to the aforesaid
settlement and all necessary
adjustments shall be made by the
parties hereto.
(c) Nothing in this definition shall be
construed to mean that losses are
not recoverable hereunder until the
Part A Ultimate Net Loss and Part B
Ultimate Net Loss and Part C
Ultimate Net Loss of the Company has
been ascertained.
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CLAIM AMOUNT: Claim Amount as used herein shall
mean for each claim, the sum of the
amount paid by the Company on the
Claim Date plus the amount reserved
by the Company on the Claim Date on
the basis of New York State
statutorily prescribed mortality,
morbidity or interest rates, arising
in respect of the Part A Business
Covered.
CLAIM DATE: Claim Date as used herein shall mean
the date of judgment in, or
settlement of, a lawsuit or other
proceeding (including without
limitation administrative
proceedings) arising in respect of
the Part A Business Covered.
CLAIMS HANDLING: (a) The Company shall have the sole and
absolute authority with respect to
the administration, defense,
settlement and payment of Part A
Covered Losses, subject to the terms
and conditions of this Agreement.
(b) The Company shall retain the sole
and absolute authority with respect
to the administration, defense,
settlement and payment of Part B
Covered Losses and Part C Covered
Losses.
(c) In furtherance of the commonality of
interest evidenced by the execution
of this Agreement, the Company
agrees that the Company or the
Company's designated counsel shall
provide the Reinsurer with updated
information concerning the present
and future handling of the Part A
Covered Losses on a quarterly basis
to allow the Reinsurer to properly
reserve and project payments under
this Agreement and as otherwise
reasonably required by the
Reinsurer.
ALLOCATED
LOSS ADJUSTMENT
EXPENSES: Allocated Loss Adjustment Expenses
as used herein shall mean all
allocated expenses incurred by the
Company on or after the Effective
Date in connection with the
investigation, settlement, defense
or mitigation of any claim or loss
which is the subject matter of the
Part A Business Covered or the Part
C Business Covered, and shall
exclude salaries and fees of
adjusters, attorneys or other
persons who are employees of the
Company, or its designated claims
adjusters, attorneys on permanent
retainer, office expenses, overhead
or other unallocated expenses.
COMMUTATION: This Agreement may be irrevocably
commuted by the Company at the end
of any calendar quarter
("Effective Date of Commutation")
after December 31, 1999 in the event
that the Experience Balance at the
Settlement Date
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for that calendar quarter is
positive subject to the
Company providing written notice to
the Reinsurer on or prior to the end
of such calendar quarter of its
intent to commute the Agreement
provided that the Experience Balance
is positive. If it is determined on
the Settlement Date for that
calendar quarter that the Experience
Balance is positive, then upon
receipt from the Company of a full
release in form and substance
reasonably satisfactory to the
Reinsurer, the Reinsurer shall pay
to the Company a Commutation
Settlement equal to Ninety Nine
Percent (99%) multiplied by the
positive Experience Balance, if any,
at the Settlement Date first
following the Effective Date of
Commutation, less all amounts due
and payable by the Company to the
Reinsurer, under this or any related
agreement and the Reinsurer and the
Company shall be fully and finally
released from all liability and
obligations under or in connection
with this Agreement. If it is
determined on the Settlement Date
for the calendar quarter that the
Experience Balance is not positive,
then this Agreement shall not be
commuted as of the end of that
calendar quarter.
REPORTS AND
REMITTANCES: Within sixty (60) days after the end
of each calendar quarter during the
Term of this Agreement, the Company
shall provide the Reinsurer with
copies of all loss reports received
or prepared by the Company in
connection with the Business
Covered during that calendar
quarter. In addition to the above,
within sixty (60) days after the end
of each calendar quarter, the
Company shall provide to the
Reinsurer a written Loss Report,
providing, in a format acceptable
to the Reinsurer and the Company,
the following information in respect
of the Business Covered hereunder,
for Part A Business Covered:
(1) The amount of Subject
Losses paid by the Company
during that calendar
quarter.
(2) The net amount of Subject
Losses payable but unpaid
by the Company as at the
end of the calendar quarter
(the "Net Subject Loss").
(3) The Company's estimate of
reserves for Net Subject
Loss and Allocated Loss
Adjustment Expenses, as at
the end of that calendar
quarter.
(4) And such other information
as may be agreed to by the
Company and the Reinsurer,
including but not limited
to the updated information
referred to in
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subsection (c) of the
section entitled "Claims
Handling".
In addition to the above, within sixty (60)
days after the end of each calendar quarter,
the Company shall provide to the Reinsurer a
written Loss Report, providing, in a format
acceptable to the Reinsurer, the following
information in respect of the Business
Covered hereunder, separately for Part B
Business Covered, and for Part C Business
Covered:
(1) The face amount of
death claims paid during
the calendar quarter.
(2) The face amount of
death claims reported but
not paid as of the end of
that calendar quarter.
(3) Statutory reserves
released in the calendar
quarter on death claims
paid.
(4) Statutory reserves
released in the calendar
quarter on death claims
reported but not paid.
(5) The face amount of
death claims during the
calendar quarter ceded to
other reinsurers.
(6) Statutory reserves
released in the calendar
quarter on death claims
ceded to other reinsurers.
(7) Policy level
detail (as detailed in
items (1) through (6)
above) for individual
insureds with Subject
Losses in excess of Five
Million Dollars
($5,000,000).
(8) The Company's
estimate of IBNR losses as
at the end of that calendar
quarter.
(9) The terms of any
death benefits covered by
Part C Business Covered for
which the amount of the
settlement death benefits
and the specifics of the
measuring life are first
determinable by the Company
during the calendar
quarter.
(10) Statutory
Mortality Reserves as at
the end of that calendar
quarter.
Each Loss Report shall provide both the
cumulative position from the Effective Date
through the end of that calendar quarter and
the changes within the calendar quarter. The
first such quarterly Loss Report shall be
due by June 1, 1999 for the First Settlement
Period.
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Within sixty (60) days after the end of each
calendar quarter, the Company shall furnish
the Reinsurer with a written Report,
providing, in a format acceptable to the
Reinsurer, the Subject Losses paid by the
Company for that calendar quarter in respect
of the Business Covered hereunder separately
for Part A Business Covered, Part B Business
Covered, and Part C Business Covered.
On each Settlement Date, Covered Losses due
from the Reinsurer shall be paid by the
Reinsurer to the Company, and Mortality
Cover Purchase Charges due from the Company
that are not paid by a reduction in the Part
A Aggregate Sublimit shall be paid by the
Company to the Reinsurer as provided in the
Mortality Cover Purchase Charges section.
Remittances shall be net of these items.
All remittances shall be made by federal
wire transfer in immediately available
non-reversible United States Federal Funds
to an account specified by the receiving
party.
INSOLVENCY: 1. Reinsurer's Obligation:
In the event of the insolvency of the
Company, the reinsurance afforded by this
Agreement shall be payable by the Reinsurer
on the basis of the liability of the Company
under the Business Covered, without
diminution because of such insolvency,
directly to the Company or its liquidator,
receiver, conservator, or statutory
successor, except (a) where this Agreement
specifically provides another payee of such
reinsurance in the event of the insolvency
of the Company and (b) where the Reinsurer,
with the consent of the direct insured or
insureds, has assumed such policy
obligations of the Company as direct
obligations of the Reinsurer to the payees
under such policies and in substitution for
the obligations of the Company to such
payees.
2. Reinsurer's Notice and Defense of Claims:
The Reinsurer shall be given written notice
of the pendency of each claim or loss which
may involve the reinsurance afforded by this
Agreement within a reasonable time after
such claim or loss is filed in the
insolvency proceedings. The Reinsurer shall
have the right to investigate each such
claim or loss and interpose at its own
expense, in the proceeding where the claim
or loss is to be adjudicated, any defense
which it may deem available to the Company
or its liquidator, receiver, conservator, or
statutory successor. If more than one
Reinsurer is involved, they may designate
one Reinsurer to act for all.
3. Defense Expense:
The expense thus incurred by the Reinsurer
shall be chargeable, subject to court
approval, against the insolvent Company as
part of
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the expense of liquidation to the extent of
a proportionate share of the benefit which
may accrue to the Company solely as a result
of the defense undertaken by the Reinsurer.
4. Offset:
Any debts or credits, liquidated or
unliquidated, in favor of or against either
party under this Agreement on the date of
the receivership or liquidation order
(except where the obligation was purchased
by or transferred to be used as an offset)
are deemed mutual debts or credits and shall
be set off with the balance only to be
allowed or paid. Although such claim on the
part of either party may be unliquidated or
undetermined in amount on the date of the
entry of the receivership or liquidation
order, such claim will be regarded as being
in existence as of such date and any credits
or claims then in existence and held by the
other party may be offset against it.
5. Rights of Parties:
Nothing hereinabove set forth in this
Insolvency Article shall in any way change
the relationship or status of the parties
hereto, nor enlarge the obligations of
either party to each other except as
specifically hereinabove provided, to wit,
to pay the statutory successor on the basis
of the amount of liability determined in the
liquidation or receivership proceeding,
rather than on the basis of the actual
amount of loss (dividends) paid by the
liquidator, receiver, conservator, or
statutory successor to allowed claimants.
Nor, except as hereinabove specifically
provided, shall anything in this Insolvency
Article in any manner create any obligation
or establish any right against the Reinsurer
in favor of any third parties or any other
persons not parties to this Agreement.
ARBITRATION: Except as otherwise agreed upon by the
parties:
1. Resolution of Disputes: Any dispute
between the Company and the
Reinsurer arising out of the
provisions of this Agreement, or
concerning its interpretation or
validity, whether arising before or
after termination of this Agreement,
shall be submitted to arbitration in
the manner set forth in this
Article. Either party may initiate
arbitration of any such dispute by
giving written notice to the other
party, by registered or certified
mail, return receipt requested, of
its intention to arbitrate and of
its appointment of an arbitrator in
accordance with subsection (3) of
this Article.
2. Composition of Panel: Unless the
parties agree upon a single
arbitrator within fifteen (15) days
after the receipt of a notice of
intention to arbitrate, all disputes
shall be
15
submitted to an arbitration panel
composed of two arbitrators and an
umpire, chosen in accordance with
subsections (3) and (4) of this
Article.
3. Appointment of Arbitrators: The
members of the arbitration panel
shall be chosen from disinterested
persons having knowledge of the
insurance, reinsurance and financial
issues relevant to the matters in
dispute. The party requesting
arbitration (hereinafter referred to
as the "requesting party") shall
appoint an arbitrator and give
written notice thereof, by
registered or certified mail, return
receipt requested, to the other
party (hereinafter referred to as
the "respondent") together with its
notice of intention to arbitrate.
Unless a single arbitrator is agreed
upon within fifteen (15) days after
the receipt of the notice of
intention to arbitrate, the
respondent shall, within thirty (30)
days after receiving such notice,
also appoint an arbitrator and
notify the requesting party thereof
in a like manner. Before instituting
a hearing, the two arbitrators so
appointed shall choose an umpire.
If, within twenty (20) days after
they are both appointed, the
arbitrators fail to agree upon the
appointment of an umpire, the umpire
shall be appointed by the President
of the American Arbitration
Association.
4. Failure of Party to Appoint
Arbitrator: If the respondent fails
to appoint an arbitrator within
thirty (30) days after receiving a
notice of intention to arbitrate,
such arbitrator shall be appointed
by the President of the American
Arbitration Association, and shall
then, together with the arbitrator
appointed by the requesting party,
choose an umpire as provided in
subsection (3) of this Article.
5. Involvement of Other Reinsurers:
(a) If more than one reinsurer of
this Agreement is involved in the
same dispute, all such reinsurers
shall constitute and act as one
party for purposes of this Article
and communication shall be made by
the Company to each of the reinsurer
constituting the one party;
provided, however, nothing herein
shall impair the right of such
reinsurers to assert several, rather
than joint, defenses or claims, nor
be construed as changing the
liability of the reinsurers under
the terms of this Agreement from
several to joint.
(b) If the Company is involved in a
dispute under the terms of this
Agreement and in one or more
separate disputes with one or more
other insurers or reinsurers in
which common questions of law or
fact are in issue, the Company or
Reinsurer, at their option, may join
with such
16
other insurers or reinsurers in a
common arbitration proceeding under
the terms of this Article. If the
Company and such other insurers or
reinsurers have commenced
arbitration, the reinsurers may at
their option join such proceeding
for the determination of the dispute
between the Company and Reinsurer.
6. Choice of Law and Forum: Any
arbitration instituted pursuant to
this Article shall be held in
Wilmington, Delaware. Any action to
enforce any arbitration award or to
compel arbitration shall be brought
only in the state courts of the
State of Delaware situated in New
Castle County, to the exclusion of
all other courts. The substantive
laws of the State of Delaware,
without regard to its conflict of
laws rules, shall govern any action
or suit brought to compel any such
arbitration or to enforce any award
rendered pursuant to such
arbitration.
7. Submission of Dispute to Panel:
Unless otherwise extended by the
arbitration panel, or agreed to by
the parties, each party shall submit
its case to the panel within thirty
(30) days after the selection of an
umpire.
8. Procedure Governing Arbitration: All
proceedings before the panel shall
be informal and the panel shall not
be bound by the formal rules of
evidence. The panel shall have the
power to fix all procedural rules
relating to the arbitration
proceeding. In reaching any
decision, the panel shall give due
consideration to the customs and
usage of the insurance, reinsurance
and finance business.
9. Arbitration Award: The arbitration
panel shall render its decision
within sixty (60) days after
conclusion of the hearing, which
decision shall be in writing,
stating the reasons therefor. The
decision of the majority of the
panel shall be final and binding on
the parties to the proceeding.
Judgment on the award may be entered
in any court of competent
jurisdiction, and execution of any
monetary judgment may occur in any
jurisdiction.
10. Cost of Arbitration: Unless
otherwise allocated by the panel,
each party shall bear the expense
of its own arbitrator and its own
witnesses and shall jointly and
equally bear with the other
parties the expense of the umpire
and the arbitration.
11. Limit of Authority of Arbitration
Panel: The arbitration panel does
not have the authority to award
punitive, multiplied, or exemplary
damages, other similar damages or
any extra contractual damages of any
nature or
17
description whatsoever except to the
extent claimed as Subject Loss under
this Agreement, and each of the
Company and the Reinsurer expressly
waives all rights to punitive,
multiplied, or exemplary damages,
other similar damages or any extra
contractual damages of any nature or
description whatsoever except to the
extent claimed as a Subject Loss
under this Agreement.
WAIVER OF PUNITIVE
DAMAGES: The Company and the Reinsurer agree
that in no event shall either party
be entitled to any award against the
other of punitive, multiplied, or
exemplary damages, other similar
damages or any extra contractual
damages of any nature or description
whatsoever, and each of the Company
and the Reinsurer both expressly
waives all rights to punitive,
multiplied, or exemplary damages,
other similar damages or any extra
contractual damages of any nature or
description whatsoever except to the
extent claimed as a Subject Loss
under this Agreement.
EXCLUSIONS: (A) Ex Gratia Payments: Part B Covered
Losses and Part C Covered Losses
under this Agreement shall exclude
any Ex Gratia Payments except to the
extent consented to by the
Reinsurer. "Ex Gratia Payments" as
used herein with respect to Part B
Covered Losses means a claim payment
not required by the terms of the
underlying insurance policies
covered by this Agreement. "Ex
Gratia Payments" as used herein with
respect to Part C Covered Losses
means a claim payment not required
by the terms of the Settlement
Order.
(B) Insolvency Funds: The Reinsurer
shall not be obligated to pay to the
Company any share of any liability
of the Company arising, by contract,
operation of law, or otherwise, from
participation or membership of the
Company or any of its affiliates,
whether voluntary or involuntary, in
any insolvency fund or from
reimbursement of any person for any
such liability. "Insolvency Fund"
includes any guaranty or insolvency
fund, plan, pool, association, or
other arrangement howsoever
denominated, established or
governed, which provides for any
assessment of or payment or
assumption by any person of part or
all of any claim, debt, charge, fee,
or other obligation of any insurer,
or its successors or assigns which
has been declared to be insolvent,
or which is otherwise deemed unable
to meet any claim, debt, charge, fee
or other obligation in whole or in
part.
(C) Assessments: This Agreement does not
cover assessments of any nature
whatsoever levied against the
Company.
18
(D) Dividends: The Reinsurer shall not
participate in the determination of,
nor reimburse the Company for, any
policyholder or other dividends paid
by the Company.
(E) Assumed Reinsurance: This Agreement
does not cover reinsurance assumed
by the Company.
(F) Noncontractual Damages: Part B
Covered Losses and Part C Covered
Losses under this Agreement shall
exclude Noncontractual Damages.
"Noncontractual Damages" as used
herein with respect to Part B
Covered Losses means those
liabilities of the Company or its
affiliates, or their agents,
brokers, or representatives arising
from actual or alleged misconduct in
their handling of claims or losses
on Part B Business Covered. Such
liabilities shall include, but are
not limited to, punitive, exemplary,
compensatory, and consequential
damages. "Noncontractual Damages"
as used herein with respect to Part
C Covered Losses means those
liabilities of the Company or its
affiliates, or their agents,
brokers, or representatives arising
from actual or alleged misconduct in
their handling of the benefits
agreed to be provided by the Company
pursuant to the Settlement Order.
Such liabilities shall include, but
are not limited to, punitive,
exemplary, compensatory, and
consequential damages.
AMENDMENTS: This Agreement may be amended only by mutual
consent of the parties expressed in a
written addendum executed by the parties
with the same formalities as this Agreement,
and such addendum shall be deemed to be an
integral part of this Agreement and binding
on the parties hereto. From time to time at
the request of either party, the parties
shall negotiate in good faith, and attempt
to reach agreement upon, any amendments to
this Agreement (including, without
limitation, reasonable adjustments to
applicable pricing terms relating to such
amendments) necessary to comply with
applicable law or as required by the New
York State Department of Insurance.
ACCESS TO RECORDS: The Reinsurer shall have the right to
examine, at any reasonable time, all papers,
books, accounts, documents and other records
of the Company or any agent or employee of
the Company including any claims adjuster or
any other person acting on behalf of the
Company relating to the business covered
hereunder. Upon the Reinsurer's request, the
Company shall supply the Reinsurer, at the
Reinsurer's expense, with copies of the
whole or any part of such papers, books,
accounts, documents and other records
relating to the business covered hereunder.
The Reinsurer's right of inspection under
this Access to Records section shall
continue to exist after termination of this
Agreement as long as one of the parties
hereto has a claim against any other arising
from this Agreement.
19
CAPTIONS AND
CATCHLINES: Captions and catchlines used in this
Agreement are intended solely as aids to
convenient reference. They shall not be
considered part of this Agreement nor limit
or otherwise affect its meaning, and no
inference as to the meaning or intent of any
provision of this Agreement may be drawn
from them.
COUNTERPARTS: This Agreement may be executed in two or
more counterparts, each of which shall be
deemed an original, but all of which
together shall constitute one and the same
instrument.
CURRENCY: All payments hereunder shall be made in
United States Dollars. All monetary amounts
herein are in United States Dollars. All
reports and accounts hereunder shall be
rendered in United States Dollars. For the
purpose of this Agreement, where the Company
pays amounts in currencies other than United
States Dollars, such amounts shall be
converted into United States Dollars at the
actual rate of exchange at which such
amounts are entered in the Company's books.
DISCLOSURES
AND APPROVALS: The Company represents and warrants with
respect to this Agreement and the
transactions hereunder and with respect to
any insurance and reinsurance which is
covered by this Agreement and all
transactions thereunder, that all
disclosures, approvals and expiry of waiting
periods which are necessary or appropriate
under any applicable law or regulation have
been made or obtained, or will be made or
obtained in a timely manner.
ERRORS AND
OMISSIONS: Inadvertent errors and omissions of any
nature made by either party shall neither
increase nor reduce the liability of either
party from what that liability would have
been had no such error or omission taken
place. Upon discovery, the party committing
an error or omission shall correct such
error or supply such omission retroactively
to the extent possible to the time such
error or omission occurred, and advise the
other party thereof as soon as possible.
NON TRANSFERABILITY: This Agreement confers no rights, powers, or
obligations on any person or organization
other than the Reinsurer and the Company.
Neither this Agreement nor any of the
rights, powers, or obligations of the
Reinsurer or the Company under this
Agreement may be in any way transferred or
assigned to any other person or organization
without the express written consent of the
Reinsurer and the Company. The granting of
such consent shall be at the sole and
absolute discretion of each of the parties.
OTHER REINSURANCES: The existence or collectibility of any other
reinsurance of the Company (past, present,
or future) shall in no way cause any
20
liability of the Reinsurer hereunder to be
payable earlier or to be greater than would
have been the case in the absence of such
reinsurance and the risk of uncollectibility
of reinsurance shall be with the Company.
PARTIES TO THIS
AGREEMENT: This is an Agreement for indemnity
reinsurance solely between the Company and
the Reinsurer. The acceptance of reinsurance
hereunder shall not create any right or
legal relationship whatsoever between the
Reinsurer and the policyholder, the insured
or the beneficiary under any policy
reinsured hereunder. The Company shall be
and remain solely liable to the
policyholder, the insured or the beneficiary
under any policy reinsured hereunder.
RIGHT OF OFFSET: Both the Company and the Reinsurer shall
have, and may exercise, at any time the
right to offset any balance or balances due
the other. Such offset may only include
balances due under this Agreement and any
other agreements heretofore or hereafter
entered into between the Company and the
Reinsurer, regardless of whether such
balances are in respect of premiums, or
losses or otherwise, and regardless of the
capacity of any party, whether as reinsurer
or reinsured, under the various agreements
involved.
SALVAGE,
SUBROGATION,
AND OTHER
RECOVERIES: In the event of the payment of any indemnity
by the Reinsurer under this Agreement, the
Reinsurer shall be subrogated, to the extent
of such payment, to all of the rights of the
Company against any person or entity legally
responsible for damages for the losses paid
by the Company. The Company agrees to
enforce such rights, but in case the Company
refuses or neglects to do so, the Reinsurer
is hereby authorized and empowered to bring
any appropriate action in the name of the
Company or the Company's policyholders or
otherwise to enforce such rights. In
determining the amount of salvage,
subrogation and other recoveries, there
shall first be deducted from any amount
recovered the expenses incurred in
effecting the recovery. The whole of the
balance shall then be applied in reduction
of the original losses paid by the Company
and the Covered Losses and the Experience
Balance shall be determined or
redetermined accordingly. Any overpayment
made by the Reinsurer because of the
computation of loss before the application
of such a recovery shall be refunded
promptly by the Company but no later than
three (3) Business Days after receipt of
notice of such overpayment.
TAXES: The Company shall be liable for all taxes,
except income and profit taxes of the
Reinsurer, on amounts paid to the Reinsurer
under the terms of this Agreement, and shall
indemnify and hold the
21
Reinsurer harmless for any taxes which the
Reinsurer may become obligated to pay on the
Company's behalf.
DAC TAXES: The Company and the Reinsurer agree to elect
jointly under Treas. Reg. Section
1.848-2(g)(8) that:
(a) The party with the net positive
consideration under this Agreement is
required to capitalize specified policy
acquisition expenses without regard to
the general deductions limitation of
Section 848(c)(1) of the Internal
Revenue Code of 1986, as amended.
(b) This joint election shall be effective
for all taxable years under this
Agreement. The first year for which the
joint election is effective is 1998.
The parties agree to exchange information
pertaining to the amount of net
consideration as determined under Treas.
Reg. Sections 1.848-2(f) or 1.848-2(g)(2)
and 1.848-3, whichever is applicable, under
this Agreement to insure consistency or as
is otherwise required by the Internal
Revenue Service.
The parties agree to take all items of net
consideration into account for the same
taxable year as required under Treas. Reg.
Section 1.848-2(f)(4). The parties also
agree to exchange such information as may be
necessary to implement this requirement.
The parties represent and warrant that they
are subject to U.S. taxation under
subchapter L of chapter 1 of the Internal
Revenue Code.
DAC TAX
REIMBURSEMENT
AMOUNT: In addition to and simultaneously with any
Contract Payment under this Agreement, the
party making the payment agrees to pay the
party receiving the payment an amount to
compensate the party receiving the payment
on an after-tax basis for any DAC tax
incurred. Under the current tax law, the
amount shall be X divided by Y where
X = The product of the Contract Payment
multiplied by 7.7% multiplied by 95%
multiplied by 35%, and
Y = 65% minus the product of 7.7% multiplied
by 95% multiplied by 35%.
The initial DAC Tax Reimbursement Amount
corresponding to the Contract Payment
consisting solely of the Reinsurance Premium
is $10,845,433. If the Internal Revenue
Code is
22
amended to change the DAC tax, the
formula for determining DAC Tax
Reimbursement shall be appropriately
adjusted.
Commencing one year after the payment of any
DAC Tax Reimbursement Amount generated by a
Contract Payment as described above, the
party that received such payment shall pay
the other party an amount so that on an
after-tax basis the other party is
compensated for the tax cost of the DAC
amortization. Under current law a party that
made payment of a DAC Tax Reimbursement
Amount generated by a Contract Payment will
be entitled to receive payments of DAC Tax
Reimbursement Amounts equal to the product
of the original DAC Tax Reimbursement Amount
multiplied by 10% divided by 95% in each of
the nine years following the Contract
Payment and by 5% divided by 95% in the
tenth year following Contract Payment.
FEDERAL EXCISE
TAX: In the event that any Federal Excise Tax is
due with respect to any amounts due under
this Agreement, the Company agrees to pay
such tax in addition to any amounts due
under this Agreement and agrees to remit
such tax to the United States Internal
Revenue Service and shall indemnify and hold
the Reinsurer harmless for any such taxes
which the Reinsurer may become obligated to
pay.
NO WAIVER: No consent or waiver, express or implied, by
any other party to or of any breach or
default by any other party in the
performance of its obligations hereunder
shall be construed to be a consent or waiver
to or of any other breach or default in the
performance of obligations by such other
party hereunder. Failure on the part of any
party to complain of any act or failure to
act of any other party or to declare any
other party in default, irrespective of how
long such failure continues, shall not
constitute a waiver by such first party of
its rights hereunder.
GOVERNING LAW: It is agreed that, subject to the express
provisions of this Agreement to the
contrary, this Agreement shall be governed
by the substantive laws of the State of
Delaware, without regard to its principles
of conflict of laws.
REPRESENTATIONS: The Company acknowledges that, at the
Reinsurer's request, it has provided the
Reinsurer with the Company Data described in
Schedule 1 prior to December 31, 1998. The
Company also acknowledges that, at the
Reinsurer's request, it has provided the
Reinsurer with the Company Data described in
Schedule 2 prior to April 24, 2000. The
Company represents that all factual
information contained in the Company Data is
substantially complete and accurate as of
the date the document containing the
information was prepared. The Company
further represents that any assumptions made
in preparing the Company Data were based
upon informed judgment and are consistent
with sound actuarial
23
principles. The Company further represents
that it is not aware of any omissions,
errors, changes or discrepancies which would
materially affect the Company Data. The
Reinsurer has relied on such data and the
foregoing representations in entering into
this Agreement.
DATES AND TIMES: All dates and times contained in this
Agreement, unless otherwise specified, are
New York, New York time.
24
IN WITNESS WHEREOF, the parties hereto have caused this Amended and Restated
Agreement to be executed by their duly authorized representatives as of the
Amendment Date.
METROPOLITAN LIFE INSURANCE COMPANY
BY:
-------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
AMERICAN INTERNATIONAL LIFE ASSURANCE COMPANY OF NEW YORK
BY:
-------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
25
DRAFT
FOR DISCUSSION PURPOSES ONLY
3/29/2000
SCHEDULE 1
The Company Data includes the following information:
(A) The following e-mails and attachments thereto:
December 14, 1998 e-mail from ▇▇▇▇▇▇ ▇▇▇▇ to ▇▇▇▇ ▇▇▇▇, "Re: Revised
Traditional Ordinary Calendar Year Exposure and Paid Death Claims"
December 15, 1998 e-mail from ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to ▇▇▇▇ ▇▇▇▇, "Trad Ord
Exposure"
December 22, 1998 e-mail from ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to ▇▇▇▇ ▇▇▇▇, "Net amount
at risk basis data"
December 23, 1998 e-mail from ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to ▇▇▇▇ ▇▇▇▇, "MetLife
Business Definition"
December 23, 1998 e-mail from ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to ▇▇▇▇ ▇▇▇▇, "Re:
MetLife Business Definition"
December 23, 1998 e-mail from ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to ▇▇▇▇ ▇▇▇▇, "9 mos of
1998, exposure by attained age and sex"
December 28, 1998 e-mail from ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to ▇▇▇▇ ▇▇▇▇, "Metromatic
& COLI"
December 28, 1998 e-mail from ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to ▇▇▇▇ ▇▇▇▇, "9 mos 1998
exposure and death experience"
(B) The following facsimile transmission:
December 14, 1998 facsimile from ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ to ▇▇▇▇ ▇▇▇▇, "Re
Information on Traditional Ordinary Large-sized Policies"
26
DRAFT
FOR DISCUSSION PURPOSES ONLY
3/29/2000
SCHEDULE 2
The Company Data provided to AMERICAN INTERNATIONAL LIFE ASSURANCE COMPANY OF
NEW YORK includes the following information:
The following e-mails and attachments thereto:
November 5, 1999, 6:17 p.m. e-mail from ▇▇▇▇▇▇ ▇▇▇▇ to ▇▇▇▇▇ Harm, Re:
Calculation of SDB
April 24, 2000, 6:23 p.m. e-mail from ▇▇▇▇▇▇ ▇▇▇▇ to ▇▇▇▇ ▇▇▇▇▇, "Re:
Spreadsheets for Supplemental Death Benefit Calculation"
February 7, 2000, 8:56 a.m. e-mail from ▇▇▇▇▇▇ ▇▇▇▇ to ▇▇▇▇▇ Harm, Re:
SDB Calculations and Statutory Series Strain
February 10, 2000, 7:50 a.m. e-mail from ▇▇▇▇▇▇ ▇▇▇▇ to ▇▇▇▇▇ Harm, Re:
Tower Series Mortality Comparisons
March 2, 2000, 5:02 p.m. e-mail from ▇▇▇▇▇▇ ▇▇▇▇ to ▇▇▇▇ ▇▇▇▇▇, Re:
Settlement Death Benefit Mortality Study Status Report
March 2, 2000, 5:13 p.m. e-mail from ▇▇▇▇▇▇ ▇▇▇▇▇▇ to ▇▇▇▇▇▇ ▇▇▇▇ with
copy to ▇▇▇▇▇ Harm and ▇▇▇▇ ▇▇▇▇▇, Re: Settlement Death Benefit
Mortality Study Status Report
March 8, 2000, 4:07 p.m. e-mail from ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to ▇▇▇▇ ▇▇▇▇▇, Re:
Settlement Death Benefit
March 15, 2000, 1:38 p.m. e-mail from ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to ▇▇▇▇ ▇▇▇▇▇,
"Re: Settlement Death Benefit"
March 14, 2000 access database, "1995-1999 CY SDB data", from ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇ to ▇▇▇▇ ▇▇▇▇▇ (as referenced in the March 15, 2000 e-mail from
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to ▇▇▇▇ ▇▇▇▇▇)
March 23, 2000, 9:37 p.m. e-mail from ▇▇▇▇▇▇ ▇▇▇▇ to ▇▇▇▇▇ Harm and
▇▇▇▇ ▇▇▇▇▇, Re: Settlement Death Benefit
April 24, 2000, 5:47 p.m. e-mail from ▇▇▇▇▇▇ ▇▇▇▇ to ▇▇▇▇ ▇▇▇▇▇, "Re:
Selection Factors for SDB Policies"
March 29, 2000, 11:04 a.m. e-mail from ▇▇▇▇▇▇ ▇▇▇▇ to ▇▇▇▇ ▇▇▇▇▇, Re:
Reserve Methodology for Settlement Death Benefits
April 6, 2000, 11:11 a.m. e-mail from ▇▇▇▇▇▇ ▇▇▇▇ to ▇▇▇▇ ▇▇▇▇▇, Re:
MetLife Mortality Tables for SDB
27
DRAFT
FOR DISCUSSION PURPOSES ONLY
3/29/2000
April 21, 2000, 3:06 p.m. e-mail from ▇▇▇▇▇▇ ▇▇▇▇ to ▇▇▇▇ ▇▇▇▇▇, Re:
Mortality Table corrections
April 21, 2000, 1:32 p.m. e-mail from ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to ▇▇▇▇ ▇▇▇▇▇▇,
Re: Tower Pricing Mortality
-2-
28
SCHEDULE 3
SCHEDULE 3
The Tabular Mortality Cost for a given measuring life shall equal:
[FORMULA]
where
FaceAmount(t) is the average face amount of settlement death benefit
that is potentially recoverable as a Part C Covered Loss under this
Agreement during the year commencing at March 24th in calendar year
1999+t;
t(0) is the number of policy years that have elapsed as of the
anniversary of the underlying policy in calendar year 2000;
d is the number of days from March 24, 2000 to the Settlement Date at
which the mortality cover purchase charge is paid by the Company;
x is the age of the measuring life as of the last birthday on or before
the issue date of the underlying policy;
q[x]+t-1 is the mortality rate for an individual of issue age x and
policy year t as shown in the attached tables;
1
V = ----- ;
1 + i
i = 4.6%;
margin is the Reinsurer's Margin defined in the Agreement; and
the product over s is defined to be 1 when s ranges from 1 to 0.
29
Schedule 3
Mortality Rates Per Thousand - Traditional Life Male
Select Mortality by
Policy Year
Issue Age 1 2 3 4 5 6 7
--------- -------- -------- -------- -------- -------- -------- --------
0 0.990287 0.516932 0.478486 0.430236 0.401286 0.366445 0.361451
1 0.506927 0.461132 0.430236 0.401286 0.362686 0.356695 0.312051
2 0.452207 0.414632 0.401286 0.362686 0.353036 0.307945 0.272531
3 0.406607 0.386732 0.362686 0.353036 0.304786 0.268945 0.252771
4 0.379247 0.349532 0.353036 0.304786 0.266186 0.249445 0.203371
5 0.342767 0.340232 0.304786 0.266186 0.246886 0.200695 0.203371
6 0.333647 0.293732 0.266186 0.246886 0.198636 0.200695 0.292291
7 0.288047 0.256532 0.246886 0.198636 0.198636 0.288445 0.440491
8 0.251567 0.237932 0.198636 0.198636 0.285486 0.434695 0.588691
9 0.233327 0.191432 0.198636 0.285486 0.430236 0.580945 0.687491
10 0.187727 0.191432 0.285486 0.430236 0.574986 0.678445 0.806724
11 0.187727 0.275132 0.430236 0.574986 0.671486 0.796109 1.009830
12 0.269807 0.414632 0.574986 0.671486 0.787944 0.996543 1.145930
13 0.406607 0.554132 0.671486 0.787944 0.986322 1.130852 1.168269
14 0.543407 0.647132 0.787944 0.986322 1.119253 1.152897 1.160509
15 0.634607 0.759365 0.986322 1.119253 1.141072 1.145239 1.152255
16 0.730787 0.950549 1.119253 1.141072 1.133493 1.137094 1.122036
17 0.908643 1.078658 1.141072 1.133493 1.125431 1.107272 1.080626
18 1.019506 1.089044 1.127620 1.119600 1.091373 1.064219 1.047316
19 1.027556 1.070065 1.112603 1.083423 1.050001 1.032430 1.007920
20 1.008985 1.050791 1.076609 1.036876 1.018608 0.994577 0.975584
21 0.990146 1.011876 1.030313 1.001596 0.982260 0.964622 0.966546
22 0.952822 0.962501 0.995216 0.960706 0.951667 0.955663 0.978872
23 0.905626 0.923977 0.953521 0.925758 0.942802 0.968822 1.003994
24 0.868688 0.878594 0.918782 0.912134 0.956762 0.994688 1.049587
25 0.828301 0.842051 0.905209 0.919577 0.982281 1.040912 1.099723
26 0.794219 0.824087 0.911537 0.937820 1.022479 1.087187 1.159103
27 0.776600 0.824102 0.929548 0.974771 1.065535 1.144614 1.228033
28 0.781892 0.837524 0.966097 1.015392 1.120466 1.211316 1.303520
29 0.794096 0.865258 1.005135 1.064926 1.183027 1.285663 1.379812
30 0.819718 0.893454 1.055267 1.123875 1.254071 1.359349 1.444779
31 0.844450 0.927282 1.112302 1.188140 1.322807 1.421700 1.529382
32 0.881401 0.968282 1.174404 1.249724 1.381695 1.503183 1.619210
33 0.898843 0.994466 1.236569 1.301686 1.457334 1.589580 1.718923
34 0.923040 1.031936 1.286300 1.368911 1.539034 1.687264 1.844610
35 0.939851 1.070891 1.352537 1.439685 1.629532 1.808441 1.969831
36 0.952416 1.124931 1.423999 1.521517 1.744141 1.926681 2.084706
37 0.995572 1.179984 1.502894 1.621569 1.855482 2.034140 2.213274
38 1.040547 1.244031 1.601475 1.719557 1.960589 2.159172 2.354831
39 1.091321 1.324181 1.700139 1.811189 2.078019 2.291614 2.498492
40 1.155393 1.402399 1.785906 1.910793 2.207325 2.428152 2.685526
41 1.219008 1.473315 1.888661 2.022942 2.335302 2.594491 2.911903
42 1.273349 1.554210 1.999236 2.135536 2.497388 2.799653 3.158805
43 1.337801 1.641006 2.107399 2.281939 2.690704 3.029434 3.429313
44 1.406577 1.730375 2.245525 2.462902 2.903657 3.284468 3.724553
45 1.482776 1.838903 2.413380 2.659290 3.131793 3.562430 4.032731
46 1.584005 1.974283 2.594604 2.873420 3.383242 3.851953 4.352597
47 1.710165 2.120245 2.791211 3.110194 3.638728 4.156805 4.680851
48 1.843535 2.274465 3.003534 3.351338 3.905790 4.464145 5.023591
49 1.992603 2.444638 3.226185 3.599552 4.193262 4.784373 5.406375
50 2.154524 2.623593 3.453964 3.857368 4.486808 5.148028 5.853484
51 2.322297 2.801325 3.684003 4.119228 4.814068 5.565944 6.333818
52 2.495087 2.979708 3.926686 4.410795 5.203097 6.014154 6.855588
53 2.670902 3.168188 4.196557 4.758095 5.612714 6.500711 7.418505
54 2.853120 3.371108 4.518479 5.129501 6.057114 7.024370 8.027054
55 3.056051 3.614783 4.854440 5.516732 6.542649 7.589561 8.694939
Select Mortality by
Policy Year
Issue Age 8 9 10 11 12 13 14
--------- -------- -------- -------- -------- -------- -------- --------
0 0.311103 0.273082 0.255841 0.205841 0.205841 0.295841 0.445841
1 0.271703 0.253282 0.205841 0.205841 0.295841 0.445841 0.595841
2 0.252003 0.203782 0.205841 0.295841 0.445841 0.595841 0.695841
3 0.202753 0.203782 0.295841 0.445841 0.595841 0.695841 0.816522
4 0.202753 0.292882 0.445841 0.595841 0.695841 0.816522 1.022095
5 0.291403 0.441382 0.595841 0.695841 0.816522 1.022095 1.159848
6 0.439153 0.589882 0.695841 0.816522 1.022095 1.159848 1.182458
7 0.586903 0.688882 0.816522 1.022095 1.159848 1.182458 1.174604
8 0.685403 0.808357 1.022095 1.159848 1.182458 1.174604 1.166250
9 0.804274 1.011874 1.159848 1.182458 1.174604 1.166250 1.135664
10 1.006764 1.148249 1.182458 1.174604 1.166250 1.135664 1.093751
11 1.142450 1.170634 1.174604 1.166250 1.135664 1.093751 1.063265
12 1.164722 1.162858 1.166250 1.135664 1.093751 1.063265 1.026395
13 1.156985 1.154588 1.135664 1.093751 1.063265 1.026395 0.996510
14 1.148757 1.124307 1.093751 1.063265 1.026395 0.996510 0.989300
15 1.118629 1.082813 1.063265 1.026395 0.996510 0.989300 1.005002
16 1.077344 1.052632 1.026395 0.996510 0.989300 1.005002 1.033980
17 1.047316 1.016131 0.996510 0.989300 1.005002 1.033980 1.084284
18 1.008946 0.984552 0.987321 1.003997 1.033980 1.084284 1.139609
19 0.977577 0.975449 0.999977 1.031912 1.084284 1.139609 1.207399
20 0.968524 0.988922 1.026742 1.079946 1.139609 1.207399 1.285898
21 0.982892 1.016402 1.073441 1.133911 1.207399 1.285898 1.373572
22 1.009164 1.063682 1.125934 1.200155 1.285898 1.373572 1.461666
23 1.056092 1.115677 1.189288 1.276897 1.373572 1.461666 1.538636
24 1.107700 1.179629 1.264038 1.361210 1.461666 1.538636 1.637454
25 1.171177 1.253751 1.346100 1.447049 1.538636 1.637454 1.742960
26 1.242178 1.333738 1.428047 1.518634 1.634179 1.741217 1.862322
27 1.320003 1.414892 1.498631 1.612892 1.734246 1.858597 2.009379
28 1.398814 1.483245 1.589968 1.711587 1.849286 2.003351 2.157537
29 1.464781 1.571956 1.704615 1.823213 1.989285 2.148907 2.298463
30 1.552306 1.668013 1.797141 1.963163 2.131647 2.286971 2.459194
31 1.643612 1.774793 1.933022 2.101441 2.263986 2.444438 2.634039
32 1.748720 1.906900 2.069078 2.231808 2.417387 2.615601 2.813617
33 1.876760 2.038872 2.197331 2.380499 2.581358 2.791108 3.034493
34 2.006509 2.165153 2.343611 2.544482 2.751718 3.007183 3.301477
35 2.126079 2.306724 2.507605 2.709513 2.958631 3.268462 3.593635
36 2.259999 2.465461 2.672936 2.916148 3.202433 3.543324 3.906912
37 2.412780 2.627919 2.879734 3.169418 3.482232 3.844276 4.245052
38 2.571646 2.831182 3.126499 3.446296 3.789470 4.172523 4.602875
39 2.767458 3.073675 3.399579 3.750322 4.125593 4.519440 4.970093
40 3.001043 3.338487 3.699431 4.082929 4.477722 4.889768 5.352640
41 3.259427 3.628965 4.023200 4.431368 4.849606 5.271375 5.747082
42 3.542841 3.946405 4.366474 4.794383 5.228034 5.677067 6.194017
43 3.848278 4.283038 4.719078 5.168440 5.624555 6.124704 6.709256
44 4.171790 4.628713 5.087175 5.560375 6.067994 6.654487 7.270510
45 4.508226 4.984240 5.472856 5.998682 6.586025 7.218471 7.887959
46 4.854216 5.356164 5.897863 6.510717 7.151565 7.823436 8.557119
47 5.210299 5.778142 6.401178 7.062356 7.750848 8.495809 9.291981
48 5.614312 6.264254 6.943411 7.654063 8.408223 9.215895 10.090679
49 6.086254 6.787296 7.516951 8.294362 9.120788 10.018307 10.919458
50 6.586576 7.347578 8.154225 8.997149 9.914919 10.829955 11.866045
51 7.129812 7.970295 8.844977 9.770176 10.718075 11.768683 13.181556
52 7.725055 8.635741 9.594416 10.561443 11.646980 13.073400 14.692195
53 8.369441 9.366962 10.371248 11.476595 12.924685 14.571519 16.119672
54 9.077475 10.113925 11.269700 12.735411 14.405591 15.987272 17.681882
55 9.789473 10.989783 12.492059 14.194410 15.805222 17.536501 19.416647
Select Mortality by
Policy Year Ultimate Mortality
Issue Age 15 Attained Age Rate
--------- -------- ------------ ----
0 0.595841 15 0.695841
1 0.695841 16 0.816522
2 0.816522 17 1.022095
3 1.022095 18 1.159848
4 1.159848 19 1.182458
5 1.182458 20 1.174604
6 1.174604 21 1.166250
7 1.166250 22 1.135664
8 1.135664 23 1.093751
9 1.093751 24 1.063265
10 1.063265 25 1.026395
11 1.026395 26 0.996510
12 0.996510 27 0.989300
13 0.989300 28 1.005002
14 1.005002 29 1.033980
15 1.033980 30 1.084284
16 1.084284 31 1.139609
17 1.139609 32 1.207399
18 1.207399 33 1.285898
19 1.285898 34 1.373572
20 1.373572 35 1.461666
21 1.461666 36 1.538636
22 1.538636 37 1.637454
23 1.637454 38 1.742960
24 1.742960 39 1.862322
25 1.862322 40 2.009379
26 2.009379 41 2.157537
27 2.157537 42 2.298463
28 2.298463 43 2.459194
29 2.459194 44 2.634039
30 2.634039 45 2.813617
31 2.813617 46 3.034493
32 3.034493 47 3.301477
33 3.301477 48 3.593635
34 3.593635 49 3.914741
35 3.914741 50 4.266384
36 4.266384 51 4.635323
37 4.635323 52 5.020296
38 5.020296 53 5.417652
39 5.417652 54 5.834601
40 5.834601 55 6.301136
41 6.301136 56 6.846180
42 6.846180 57 7.434059
43 7.434059 58 8.065398
44 8.065398 59 8.758566
45 8.758566 60 9.510728
46 9.501217 61 10.338810
47 10.318133 62 11.187970
48 11.154406 63 12.170303
49 12.145962 64 13.519545
50 13.451947 65 15.084389
51 14.993882 66 16.549971
52 16.434121 67 18.172540
53 18.027160 68 19.955444
54 19.775845 69 21.917407
55 21.698233 70 24.131461
30
Schedule 3
Mortality Rates Per Thousand - Traditional Life Male
Select Mortality by
Policy Year
Issue Age 1 2 3 4 5 6 7
--------- -------- -------- -------- -------- -------- -------- --------
56 3.286166 3.873145 5.218313 5.947066 7.056960 8.219354 9.375519
57 3.538612 4.137549 5.622999 6.410231 7.630042 8.849684 10.162203
58 3.798802 4.431834 6.058334 6.906325 8.200782 9.590198 11.261781
59 4.055216 4.745853 6.534128 7.417624 8.872151 10.599323 12.520043
60 4.289338 5.097033 7.026045 8.008059 9.801670 11.780908 13.686826
61 4.580093 5.437353 7.618609 8.828263 10.875844 12.875877 14.974173
62 4.833203 5.829575 8.395637 9.774684 11.849779 14.065546 16.403375
63 5.148038 6.394745 9.261815 10.641631 12.938849 15.385647 17.950356
64 5.529494 7.059494 10.112032 11.594081 14.128454 16.810651 19.691272
65 6.079009 7.646087 11.012559 12.631796 15.429854 18.436436 21.610548
66 6.537239 8.286678 11.993222 13.764131 16.892023 20.228323 23.817919
67 7.050946 8.940039 13.084692 15.033900 18.500543 22.232016 26.270418
68 7.603024 9.687494 14.285825 16.427206 20.323058 24.514722 29.036959
69 8.197110 10.521317 15.629769 18.032309 22.368871 27.055529 32.021013
70 8.880378 11.456514 17.121883 19.800352 24.641786 29.827793 35.540352
71 9.595827 12.481647 18.824966 21.759706 27.116176 33.052527 39.359683
72 10.396478 13.622903 20.714952 23.926037 30.031597 36.548277 43.370398
73 11.314487 14.914766 22.729735 26.433137 33.144996 40.260823 47.698515
74 12.284867 16.309582 25.144799 29.149840 36.442045 44.209847 52.263485
75 13.398581 17.947878 27.719476 31.968621 39.999385 48.426419 57.230161
76 14.615970 19.630518 30.441110 35.006981 43.729321 52.945162 62.465550
77 15.980623 21.439706 33.262646 38.238347 47.716010 57.770687 68.153205
78 17.348159 23.337987 36.253658 41.615333 52.041363 62.930737 74.040561
79 18.826778 25.337867 39.509147 45.277577 56.576734 68.345133 80.267247
80 20.309987 27.453047 43.049506 49.178238 61.415696 73.973799 92.708229
81 23.676437 31.272562 46.741087 54.201488 70.981832 92.708229 120.415645
82 30.476822 40.387084 53.347174 70.259634 92.149746 120.415645 129.238995
83 39.081467 52.113164 69.124750 91.479566 120.415645 129.238995 138.125663
84 50.024841 67.370838 90.250903 120.415645 129.238995 138.125663 150.249337
85 63.863015 87.905273 120.415645 129.238995 138.125663 150.249337 162.699579
86 81.091777 120.415645 129.238995 138.125663 150.249337 162.699579 167.574508
87 120.415645 129.238995 138.125663 150.249337 162.699579 167.574508 174.934780
88 129.238995 138.125663 150.249337 162.699579 167.574508 174.934780 186.912763
89 138.125663 150.249337 162.699579 167.574508 174.934780 186.912763 206.366225
90 150.249337 162.699579 167.574508 174.934780 186.912763 206.366225 232.642809
91 162.699579 167.574508 174.934780 186.912763 206.366225 232.642809 260.804543
92 167.574508 174.934780 186.912763 206.366225 232.642809 260.804543 296.008348
93 174.934780 186.912763 206.366225 232.642809 260.804543 296.008348 338.260607
94 186.912763 206.366225 232.642809 260.804543 296.008348 338.260607 1000.000000
95 206.366225 232.642809 260.804543 296.008348 338.260607 1000.000000 1000.000000
96 232.642809 260.804543 296.008348 338.260607 1000.000000 1000.000000 1000.000000
97 260.804543 296.008348 338.260607 1000.000000 1000.000000 1000.000000 1000.000000
98 296.008348 338.260607 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
99 338.260607 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
Select Mortality by
Policy Year
Issue Age 8 9 10 11 12 13 14
--------- -------- -------- -------- -------- -------- -------- --------
56 10.624674 12.181110 13.922891 15.556973 17.336603 19.237048 21.325637
57 11.775523 13.560865 15.259073 17.064015 19.017538 21.128380 23.455780
58 13.108334 14.861874 16.718737 18.718206 20.865371 23.238597 25.836965
59 14.348825 16.282596 18.339053 20.536610 22.973151 25.597734 28.516892
60 15.701075 17.840167 20.120179 22.587048 25.278759 28.252575 31.570020
61 17.201592 19.550327 22.104418 24.853459 27.900152 31.244891 34.945224
62 18.848970 21.501132 24.321834 27.430255 30.854736 34.620990 38.680427
63 20.704794 23.630722 26.842883 30.334530 34.152651 38.281660 43.048251
64 22.753541 26.049931 29.684272 33.576235 37.803139 42.648422 47.793900
65 25.080768 28.806424 32.819689 37.125235 42.070891 47.300671 52.862787
66 27.700986 31.846987 36.287823 41.315659 46.659473 52.317248 58.224669
67 30.586077 35.211152 40.382725 45.820984 51.608046 57.623174 64.039309
68 33.775589 39.138812 44.785203 50.626075 56.841231 63.311589 70.230414
69 37.539497 43.354838 49.425888 55.758541 62.451557 69.504143 76.948009
70 41.579214 47.898377 54.435253 61.326900 68.487363 76.072695 84.168772
71 45.879881 52.690919 59.805305 67.252702 75.038234 83.211320 94.923796
72 50.465390 57.886772 65.582279 73.605903 81.992744 94.923796 103.171268
73 55.372832 63.403466 71.696128 80.426004 94.923796 103.171268 111.696662
74 60.643635 69.308910 78.337017 87.614664 103.171268 111.696662 120.415645
75 66.285099 75.725783 85.336493 103.171268 111.696662 120.415645 129.238995
76 72.331179 82.393855 92.647799 111.696662 120.415645 129.238995 138.125663
77 78.691827 89.449489 111.696662 120.415645 129.238995 138.125663 150.249337
78 85.425810 111.696662 120.415645 129.238995 138.125663 150.249337 162.699579
79 92.261443 120.415645 129.238995 138.125663 150.249337 162.699579 167.574508
80 120.415645 129.238995 138.125663 150.249337 162.699579 167.574508 174.934780
81 129.238995 138.125663 150.249337 162.699579 167.574508 174.934780 186.912763
82 138.125663 150.249337 162.699579 167.574508 174.934780 186.912763 206.366225
83 150.249337 162.699579 167.574508 174.934780 186.912763 206.366225 232.642809
84 162.699579 167.574508 174.934780 186.912763 206.366225 232.642809 260.804543
85 167.574508 174.934780 186.912763 206.366225 232.642809 260.804543 296.008348
86 174.934780 186.912763 206.366225 232.642809 260.804543 296.008348 338.260607
87 186.912763 206.366225 232.642809 260.804543 296.008348 338.260607 1000.000000
88 206.366225 232.642809 260.804543 296.008348 338.260607 1000.000000 1000.000000
89 232.642809 260.804543 296.008348 338.260607 1000.000000 1000.000000 1000.000000
90 260.804543 296.008348 338.260607 1000.000000 1000.000000 1000.000000 1000.000000
91 296.008348 338.260607 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
92 338.260607 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
93 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
94 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
95 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
96 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
97 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
98 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
99 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
Select Mortality by
Policy Year Ultimate Mortality
Issue Age 15 Attained Age Rate
--------- -------- ------------ ----
56 23.793621 71 26.581239
57 26.102777 72 29.368581
58 28.722472 73 32.512894
59 31.797610 74 36.026004
60 35.233432 75 39.876729
61 38.959564 76 44.425440
62 43.403655 77 49.322911
63 48.188484 78 54.553960
64 53.244665 79 60.149451
65 58.705864 80 66.156310
66 64.568559 81 72.627108
67 70.811431 82 79.573949
68 77.584600 83 87.041130
69 84.865101 84 94.923796
70 94.923796 85 103.171268
71 103.171268 86 111.696662
72 111.696662 87 120.415645
73 120.415645 88 129.238995
74 129.238995 89 138.125663
75 138.125663 90 150.249337
76 150.249337 91 162.699579
77 162.699579 92 167.574508
78 167.574508 93 174.934780
79 174.934780 94 186.912763
80 186.912763 95 206.366225
81 206.366225 96 232.642809
82 232.642809 97 260.804543
83 260.804543 98 296.008348
84 296.008348 99 338.260607
85 338.260607 100 1000.000000
86 1000.000000
87 1000.000000
88 1000.000000
89 1000.000000
90 1000.000000
91 1000.000000
92 1000.000000
93 1000.000000
94 1000.000000
95 1000.000000
96 1000.000000
97 1000.000000
98 1000.000000
99 1000.000000
31
Schedule 3
Mortality Rates Per Thousand - Traditional Life Female
Select Mortality by Policy Year
Issue Age 1 2 3 4 5 6 7
--------- -------- -------- -------- -------- -------- -------- --------
0 0.782117 0.379053 0.335419 0.306469 0.277519 0.270644 0.254493
1 0.371717 0.323253 0.306469 0.277519 0.267869 0.251144 0.224853
2 0.316997 0.295353 0.277519 0.267869 0.248569 0.221894 0.205093
3 0.289637 0.267453 0.267869 0.248569 0.219619 0.202394 0.175453
4 0.262277 0.258153 0.248569 0.219619 0.200319 0.173144 0.165573
5 0.253157 0.239553 0.219619 0.200319 0.171369 0.163394 0.165573
6 0.234917 0.211653 0.200319 0.171369 0.161719 0.163394 0.185333
7 0.207557 0.193053 0.171369 0.161719 0.161719 0.182894 0.234733
8 0.189317 0.165153 0.161719 0.161719 0.181019 0.231644 0.284133
9 0.161957 0.155853 0.161719 0.181019 0.229269 0.280394 0.313773
10 0.152837 0.155853 0.181019 0.229269 0.277519 0.309644 0.334270
11 0.152837 0.174453 0.229269 0.277519 0.306469 0.329871 0.344150
12 0.171077 0.220953 0.277519 0.306469 0.326488 0.339621 0.326382
13 0.216677 0.267453 0.306469 0.326488 0.336138 0.322088 0.338122
14 0.262277 0.295353 0.326488 0.336138 0.318784 0.333673 0.348213
15 0.289637 0.314647 0.336138 0.318784 0.330251 0.343631 0.358006
16 0.302805 0.323947 0.318784 0.330251 0.340107 0.353295 0.368395
17 0.309665 0.307222 0.330251 0.340107 0.349672 0.363547 0.376310
18 0.290374 0.315193 0.338345 0.347860 0.358327 0.370597 0.394150
19 0.297397 0.321075 0.345686 0.355717 0.365645 0.388548 0.396280
20 0.302748 0.326481 0.353480 0.361075 0.383346 0.391034 0.405363
21 0.307639 0.332226 0.358790 0.376944 0.386191 0.400809 0.415467
22 0.312837 0.335175 0.374543 0.377717 0.395426 0.410790 0.424865
23 0.315369 0.347732 0.374892 0.384660 0.405261 0.420503 0.435629
24 0.326925 0.345433 0.381762 0.392079 0.415269 0.431591 0.439130
25 0.325660 0.349880 0.389102 0.399129 0.426207 0.435500 0.441675
26 0.330005 0.354232 0.395640 0.406916 0.427788 0.436641 0.455208
27 0.333820 0.357690 0.403327 0.407828 0.427945 0.449518 0.466322
28 0.339369 0.363398 0.404199 0.407806 0.440035 0.459974 0.480633
29 0.344555 0.362010 0.403687 0.418223 0.449231 0.474049 0.521828
30 0.342957 0.358833 0.414429 0.426770 0.462400 0.514089 0.556004
31 0.339152 0.364167 0.422375 0.438090 0.500269 0.547122 0.614838
32 0.346148 0.367686 0.433025 0.472630 0.531727 0.604306 0.661739
33 0.341318 0.366679 0.467655 0.500936 0.585874 0.649629 0.739565
34 0.340343 0.390265 0.495015 0.550326 0.628972 0.725944 0.812158
35 0.355440 0.412118 0.543744 0.588370 0.701105 0.796234 0.901626
36 0.366524 0.452242 0.581960 0.654631 0.767923 0.881876 0.975908
37 0.400237 0.482236 0.646619 0.713956 0.849287 0.952237 1.064974
38 0.425251 0.535243 0.705109 0.787071 0.917806 1.038941 1.162895
39 0.469540 0.583020 0.778184 0.847868 0.999892 1.131676 1.259232
40 0.508705 0.641903 0.836032 0.919428 1.090051 1.223781 1.369770
41 0.557962 0.689699 0.908778 0.998997 1.176985 1.323337 1.482647
42 0.596090 0.747848 0.987290 1.076303 1.273809 1.425493 1.601281
43 0.643718 0.810384 1.062122 1.163918 1.370019 1.535700 1.735627
44 0.694615 0.872103 1.145345 1.254030 1.471940 1.662318 1.878923
45 0.747314 0.937944 1.228815 1.348064 1.585047 1.797137 2.026970
46 0.807932 1.005241 1.315273 1.454281 1.706742 1.936105 2.199515
47 0.870761 1.074808 1.412673 1.568997 1.828932 2.100574 2.378764
48 0.934536 1.151141 1.515191 1.684482 1.973728 2.268636 2.580203
49 1.008486 1.233245 1.621576 1.818976 2.130976 2.457336 2.792924
50 1.086891 1.318695 1.745405 1.960277 2.304502 2.659462 3.003028
51 1.167255 1.415605 1.872175 2.115707 2.486939 2.855511 3.227659
52 1.260852 1.514259 2.016814 2.278609 2.669358 3.064761 3.487114
53 1.357327 1.627236 2.167934 2.441058 2.860191 3.306605 3.763927
54 1.465412 1.741508 2.318127 2.613949 3.080968 3.563954 4.084594
55 1.578751 1.854501 2.473781 2.806101 3.319544 3.861974 4.420958
Select Mortality by Policy Year
Issue Age 8 9 10 11 12 13 14
--------- -------- -------- -------- -------- -------- -------- --------
0 0.224170 0.205508 0.177584 0.167584 0.167584 0.187584 0.237584
1 0.204470 0.175808 0.167584 0.167584 0.187584 0.237584 0.287584
2 0.174920 0.165908 0.167584 0.187584 0.237584 0.287584 0.317584
3 0.165070 0.165908 0.187584 0.237584 0.287584 0.317584 0.338330
4 0.165070 0.185708 0.237584 0.287584 0.317584 0.338330 0.348330
5 0.184770 0.235208 0.287584 0.317584 0.338330 0.348330 0.330346
6 0.234020 0.284708 0.317584 0.338330 0.348330 0.330346 0.342229
7 0.283270 0.314408 0.338330 0.348330 0.330346 0.342229 0.352442
8 0.312820 0.334946 0.348330 0.330346 0.342229 0.352442 0.362354
9 0.333255 0.344846 0.330346 0.342229 0.352442 0.362354 0.372869
10 0.343105 0.327043 0.342229 0.352442 0.362354 0.372869 0.380881
11 0.325391 0.338807 0.352442 0.362354 0.372869 0.380881 0.400152
12 0.337096 0.348918 0.362354 0.372869 0.380881 0.400152 0.403544
13 0.347156 0.358731 0.372869 0.380881 0.400152 0.403544 0.414059
14 0.356919 0.369140 0.380881 0.400152 0.403544 0.414059 0.425248
15 0.367276 0.377072 0.400152 0.403544 0.414059 0.425248 0.436207
16 0.375167 0.396151 0.403544 0.414059 0.425248 0.436207 0.448639
17 0.394150 0.399508 0.414059 0.425248 0.436207 0.448639 0.453646
18 0.396683 0.409090 0.424397 0.435771 0.448639 0.453646 0.457695
19 0.406191 0.419295 0.434026 0.447742 0.453646 0.457695 0.474175
20 0.416318 0.429227 0.445499 0.451832 0.457695 0.474175 0.488295
21 0.426610 0.441012 0.449110 0.455406 0.474175 0.488295 0.506462
22 0.437872 0.445027 0.452202 0.471330 0.488295 0.506462 0.552784
23 0.441852 0.448083 0.467063 0.484877 0.506462 0.552784 0.592123
24 0.444879 0.463269 0.479994 0.501904 0.552784 0.592123 0.658285
25 0.459950 0.476087 0.496333 0.547256 0.592123 0.658285 0.712313
26 0.471693 0.491775 0.540070 0.584426 0.656969 0.711600 0.801262
27 0.486710 0.535095 0.576728 0.648411 0.708751 0.799660 0.884704
28 0.529014 0.570807 0.639195 0.699491 0.795654 0.882050 0.987543
29 0.563701 0.631954 0.696642 0.784436 0.875857 0.983592 1.075974
30 0.624054 0.681683 0.773218 0.864356 0.975692 1.070594 1.183304
31 0.671711 0.763603 0.851085 0.961867 1.059834 1.176205 1.300777
32 0.752385 0.839584 0.947053 1.044771 1.163188 1.291672 1.418054
33 0.826314 0.933228 1.028631 1.145439 1.274762 1.406710 1.547763
34 0.918415 1.013568 1.127689 1.256551 1.386857 1.533833 1.681005
35 0.995276 1.109940 1.238340 1.365586 1.509069 1.664195 1.821708
36 1.087457 1.217527 1.347151 1.487400 1.630575 1.796204 1.977347
37 1.191512 1.324462 1.468827 1.613765 1.765235 1.945646 2.141498
38 1.296101 1.444063 1.591912 1.747018 1.917907 2.104910 2.313541
39 1.411560 1.565016 1.723336 1.898094 2.081235 2.271604 2.511556
40 1.528034 1.692367 1.872337 2.059712 2.250635 2.470966 2.720160
41 1.652289 1.836674 2.029581 2.227337 2.450670 2.678862 2.951800
42 1.793085 1.990840 2.194719 2.422764 2.656837 2.915839 3.199818
43 1.941338 2.152781 2.384710 2.626552 2.888869 3.164011 3.442067
44 2.096865 2.339045 2.585254 2.855904 3.134715 3.413969 3.704989
45 2.278159 2.532943 2.810953 3.098908 3.378845 3.678470 4.012232
46 2.466866 2.751018 3.046826 3.340210 3.644375 3.979412 4.341625
47 2.676099 2.984978 3.284013 3.598915 3.942490 4.310518 4.728256
48 2.900344 3.213767 3.538302 3.893260 4.266080 4.689540 5.130624
49 3.122447 3.458747 3.823518 4.208310 4.641144 5.093826 5.603218
50 3.356462 3.737366 4.137209 4.578230 5.041258 5.557290 6.126612
51 3.626599 4.043888 4.500797 4.967663 5.499880 6.076343 6.849578
52 3.919461 4.394326 4.878298 5.419506 6.013506 6.793376 7.643733
53 4.258818 4.762649 5.321909 5.925534 6.716099 7.580951 8.268677
54 4.615459 5.189866 5.818711 6.617746 7.494625 8.200762 8.903173
55 5.023377 5.674186 6.491292 7.384756 8.107378 8.829971 9.576539
Select Mortality by
Policy Year Ultimate Mortality
Issue Age 15 Attained Age Rate
--------- -------- ------------ ----
0 0.287584 15 0.317584
1 0.317584 16 0.338330
2 0.338330 17 0.348330
3 0.348330 18 0.330346
4 0.330346 19 0.342229
5 0.342229 20 0.352442
6 0.352442 21 0.362354
7 0.362354 22 0.372869
8 0.372869 23 0.380881
9 0.380881 24 0.400152
10 0.400152 25 0.403544
11 0.403544 26 0.414059
12 0.414059 27 0.425248
13 0.425248 28 0.436207
14 0.436207 29 0.448639
15 0.448639 30 0.453646
16 0.453646 31 0.457695
17 0.457695 32 0.474175
18 0.474175 33 0.488295
19 0.488295 34 0.506462
20 0.506462 35 0.552784
21 0.552784 36 0.592123
22 0.592123 37 0.658285
23 0.658285 38 0.712313
24 0.712313 39 0.801262
25 0.801262 40 0.884704
26 0.884704 41 0.987543
27 0.987543 42 1.075974
28 1.075974 43 1.183304
29 1.183304 44 1.300777
30 1.300777 45 1.418054
31 1.418054 46 1.547763
32 1.547763 47 1.681005
33 1.681005 48 1.821708
34 1.821708 49 1.981309
35 1.981309 50 2.152260
36 2.152260 51 2.329850
37 2.329850 52 2.536926
38 2.536926 53 2.753199
39 2.753199 54 2.996752
40 2.996752 55 3.255156
41 3.255156 56 3.512313
42 3.512313 57 3.788332
43 3.788332 58 4.102487
44 4.102487 59 4.443834
45 4.443834 60 4.839566
46 4.834727 61 5.256787
47 5.246273 62 5.741003
48 5.723780 63 6.283705
49 6.271138 64 7.025208
50 6.990082 65 7.847775
51 7.800688 66 8.489401
52 8.429976 67 9.150229
53 9.077027 68 9.842280
54 9.753700 69 10.589852
55 10.483953 70 11.482672
32
Schedule 3
Mortality Rates Per Thousand - Traditional Life Female
Select Mortality by Policy Year
Issue Age 1 2 3 4 5 6 7
--------- -------- -------- -------- -------- -------- -------- --------
56 1.685910 1.973721 2.654309 3.017363 3.590958 4.179145 4.810960
57 1.803246 2.104576 2.852941 3.261868 3.879509 4.541133 5.246894
58 1.932271 2.248580 3.082804 3.511534 4.208155 4.951560 5.851998
59 2.057495 2.414944 3.322289 3.806285 4.580821 5.507763 6.513653
60 2.182644 2.591596 3.605350 4.134678 5.093276 6.129112 7.020735
61 2.328756 2.790127 3.933599 4.587461 5.658246 6.604754 7.539789
62 2.480113 3.009895 4.362654 5.085358 6.078411 7.082277 8.090354
63 2.658007 3.322923 4.818534 5.458685 6.514963 7.588398 8.673088
64 2.873310 3.672759 5.187024 5.837846 6.968334 8.122416 9.369861
65 3.162653 3.922103 5.545039 6.230163 7.455256 8.772762 10.158193
66 3.353314 4.172504 5.915210 6.650427 8.037871 9.508469 11.149694
67 3.550289 4.409342 6.322141 7.153705 8.696313 10.407298 12.344218
68 3.749909 4.680714 6.797742 7.721726 9.513673 11.519233 13.773683
69 3.960605 5.006445 7.346885 8.441322 10.510918 12.833792 15.412367
70 4.225623 5.385217 8.015132 9.303996 11.688833 14.356725 17.483045
71 4.510588 5.842935 8.845671 10.321718 13.051568 16.259232 19.773039
72 4.866821 6.401272 9.826139 11.516090 14.773173 18.360679 22.282098
73 5.316569 7.074820 10.940285 13.003015 16.650980 20.684514 25.051284
74 5.827328 7.850135 12.369254 14.643943 18.722568 23.219034 28.085450
75 6.449010 8.828938 13.925374 16.424289 21.007697 26.023481 31.464584
76 7.189902 9.861741 15.639510 18.385684 23.499345 29.108733 35.175438
77 8.028151 11.014924 17.469559 20.548595 26.233796 32.531679 39.299170
78 8.912839 12.257123 19.482059 22.879704 29.305397 36.287740 43.731717
79 9.887834 13.616111 21.721743 25.496591 32.623832 40.367738 48.540106
80 10.914219 15.093417 24.241926 28.357639 36.274898 44.734262 57.394974
81 13.017074 17.610124 26.952305 32.013859 42.924927 57.394974 76.293597
82 17.162029 23.288397 31.509262 42.488191 57.049222 76.293597 83.791059
83 22.535540 30.780401 41.801891 56.634318 76.293597 83.791059 91.637222
84 29.546942 40.741246 55.873662 76.293597 83.791059 91.637222 102.057698
85 38.619956 54.421500 76.293597 83.791059 91.637222 102.057698 113.159363
86 50.203315 76.293597 83.791059 91.637222 102.057698 113.159363 118.864642
87 76.293597 83.791059 91.637222 102.057698 113.159363 118.864642 127.286916
88 83.791059 91.637222 102.057698 113.159363 118.864642 127.286916 140.604334
89 91.637222 102.057698 113.159363 118.864642 127.286916 140.604334 161.969570
90 102.057698 113.159363 118.864642 127.286916 140.604334 161.969570 190.569238
91 113.159363 118.864642 127.286916 140.604334 161.969570 190.569238 221.437195
92 118.864642 127.286916 140.604334 161.969570 190.569238 221.437195 260.025797
93 127.286916 140.604334 161.969570 190.569238 221.437195 260.025797 306.336374
94 140.604334 161.969570 190.569238 221.437195 260.025797 306.336374 1000.000000
95 161.969570 190.569238 221.437195 260.025797 306.336374 1000.000000 1000.000000
96 190.569238 221.437195 260.025797 306.336374 1000.000000 1000.000000 1000.000000
97 221.437195 260.025797 306.336374 1000.000000 1000.000000 1000.000000 1000.000000
98 260.025797 306.336374 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
99 306.336374 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
Select Mortality by Policy Year
Issue Age 8 9 10 11 12 13 14
--------- -------- -------- -------- -------- -------- -------- --------
56 5.485674 6.329712 7.243496 7.980037 8.729318 9.487958 10.303926
57 6.118956 7.055150 7.827228 8.592065 9.379693 10.208617 11.161157
58 6.819716 7.623482 8.418210 9.232059 10.081539 11.057813 12.144851
59 7.360311 8.198605 9.045055 9.922691 10.931504 12.032399 13.349387
60 7.905798 8.798998 9.721484 10.747781 11.882462 13.225655 14.834450
61 8.484045 9.446148 10.518128 11.682547 13.060678 14.681675 16.576269
62 9.107272 10.231061 11.432653 12.840708 14.498345 16.422469 18.617679
63 9.852133 11.107791 12.565747 14.253905 16.200312 18.425744 21.176338
64 10.695465 12.194549 13.948356 15.926889 18.195422 20.979654 24.010119
65 11.740862 13.535863 15.568022 17.869133 20.695554 23.762337 27.158935
66 13.016428 15.106620 17.466070 20.324039 23.440220 26.878657 30.579626
67 14.508508 16.947846 19.865110 23.018989 26.514295 30.263721 34.413565
68 16.256880 19.253203 22.498646 26.009795 29.853044 34.022501 38.611996
69 18.466466 21.780077 25.393184 29.284414 33.560336 38.212699 43.330762
70 20.888060 24.608405 28.589423 32.955965 37.653683 42.837858 48.534224
71 23.571377 27.673298 32.138288 36.974879 42.255335 47.982129 56.066303
72 26.504448 31.107303 36.056496 41.448764 47.279462 56.066303 62.390882
73 29.756357 34.858606 40.373337 46.376032 56.066303 62.390882 69.150572
74 33.341279 39.029053 45.171460 51.749198 62.390882 69.150572 76.293597
75 37.326293 43.665745 50.403607 62.390882 69.150572 76.293597 83.791059
76 41.708315 48.665551 56.027012 69.150572 76.293597 83.791059 91.637222
77 46.478965 54.092895 69.150572 76.293597 83.791059 91.637222 102.057698
78 51.659650 69.150572 76.293597 83.791059 91.637222 102.057698 113.159363
79 57.118372 76.293597 83.791059 91.637222 102.057698 113.159363 118.864642
80 76.293597 83.791059 91.637222 102.057698 113.159363 118.864642 127.286916
81 83.791059 91.637222 102.057698 113.159363 118.864642 127.286916 140.604334
82 91.637222 102.057698 113.159363 118.864642 127.286916 140.604334 161.969570
83 102.057698 113.159363 118.864642 127.286916 140.604334 161.969570 190.569238
84 113.159363 118.864642 127.286916 140.604334 161.969570 190.569238 221.437195
85 118.864642 127.286916 140.604334 161.969570 190.569238 221.437195 260.025797
86 127.286916 140.604334 161.969570 190.569238 221.437195 260.025797 306.336374
87 140.604334 161.969570 190.569238 221.437195 260.025797 306.336374 1000.000000
88 161.969570 190.569238 221.437195 260.025797 306.336374 1000.000000 1000.000000
89 190.569238 221.437195 260.025797 306.336374 1000.000000 1000.000000 1000.000000
90 221.437195 260.025797 306.336374 1000.000000 1000.000000 1000.000000 1000.000000
91 260.025797 306.336374 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
92 306.336374 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
93 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
94 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
95 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
96 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
97 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
98 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
99 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
Select Mortality by
Policy Year Ultimate Mortality
Issue Age 15 Attained Age Rate
--------- -------- ------------ ----
56 11.321915 71 12.494703
57 12.269798 72 13.748082
58 13.445624 73 15.277498
59 14.941393 74 17.088937
60 16.712980 75 19.193483
61 18.752033 76 21.853806
62 21.351168 77 24.778245
63 24.208345 78 28.027796
64 27.355129 79 31.590523
65 30.832350 80 35.551203
66 34.697974 81 39.929675
67 38.931433 82 44.809475
68 43.689238 83 50.190511
69 48.935749 84 56.066303
70 56.066303 85 62.390882
71 62.390882 86 69.150572
72 69.150572 87 76.293597
73 76.293597 88 83.791059
74 83.791059 89 91.637222
75 91.637222 90 102.057698
76 102.057698 91 113.159363
77 113.159363 92 118.864642
78 118.864642 93 127.286916
79 127.286916 94 140.604334
80 140.604334 95 161.969570
81 161.969570 96 190.569238
82 190.569238 97 221.437195
83 221.437195 98 260.025797
84 260.025797 99 306.336374
85 306.336374 100 1000.000000
86 1000.000000
87 1000.000000
88 1000.000000
89 1000.000000
90 1000.000000
91 1000.000000
92 1000.000000
93 1000.000000
94 1000.000000
95 1000.000000
96 1000.000000
97 1000.000000
98 1000.000000
99 1000.000000
33
Schedule 3
Mortality Rate Per Thousand - Universal Life Male
Select Mortality by Policy Year
Issue Age 1 2 3 4 5 6 7
--------- -------- -------- -------- -------- -------- -------- --------
0 0.990775 0.517430 0.479003 0.430753 0.401803 0.366967 0.361979
1 0.507415 0.461630 0.430753 0.401803 0.363203 0.357217 0.312579
2 0.452695 0.415130 0.401803 0.363203 0.353553 0.308467 0.273059
3 0.407095 0.387230 0.363203 0.353553 0.305303 0.269467 0.253299
4 0.379735 0.350030 0.353553 0.305303 0.266703 0.249967 0.203899
5 0.343255 0.340730 0.305303 0.266703 0.247403 0.201217 0.203899
6 0.334135 0.294230 0.266703 0.247403 0.199153 0.201217 0.292819
7 0.288535 0.257030 0.247403 0.199153 0.199153 0.288967 0.441019
8 0.252055 0.238430 0.199153 0.199153 0.286003 0.435217 0.589219
9 0.233815 0.191930 0.199153 0.286003 0.430753 0.581467 0.688019
10 0.188215 0.191930 0.286003 0.430753 0.575503 0.678967 0.807259
11 0.188215 0.275630 0.430753 0.575503 0.672003 0.796637 1.010323
12 0.270295 0.415130 0.575503 0.672003 0.788466 0.997030 1.122929
13 0.407095 0.554630 0.672003 0.788466 0.986804 1.108154 1.144117
14 0.543895 0.647630 0.788466 0.986804 1.096788 1.129063 1.135726
15 0.635095 0.759869 0.986804 1.096788 1.117483 1.120782 1.126900
16 0.731272 0.951013 1.096788 1.117483 1.109287 1.112072 1.096976
17 0.909087 1.057008 1.117483 1.109287 1.100666 1.082542 1.056311
18 0.999043 1.066530 1.103539 1.094963 1.066998 1.040273 1.023466
19 1.006314 1.047213 1.088120 1.059226 1.026375 1.008919 0.983809
20 0.987438 1.027668 1.052564 1.013545 0.995412 0.970785 0.951972
21 0.968358 0.989277 1.007130 0.978787 0.958763 0.941276 0.942648
22 0.931541 0.940843 0.972553 0.937724 0.928635 0.932034 0.953863
23 0.885248 0.902936 0.930711 0.903353 0.919491 0.944070 0.977163
24 0.848905 0.857577 0.896546 0.889581 0.932318 0.968106 1.020505
25 0.808486 0.821672 0.882828 0.896083 0.956030 1.012071 1.067227
26 0.774997 0.803711 0.888248 0.912757 0.994149 1.055061 1.125149
27 0.757398 0.803047 0.904706 0.947763 1.034049 1.111084 1.189987
28 0.761915 0.815141 0.939329 0.985388 1.087644 1.173788 1.261844
29 0.772875 0.841284 0.975434 1.033730 1.146375 1.244559 1.334482
30 0.797006 0.867053 1.024354 1.089056 1.213976 1.314691 1.393906
31 0.819497 0.900119 1.077841 1.150153 1.279350 1.371640 1.472670
32 0.855582 0.938283 1.136856 1.208667 1.333044 1.447442 1.555170
33 0.870995 0.962671 1.195945 1.255852 1.403293 1.526711 1.646946
34 0.893529 0.998034 1.241007 1.318150 1.478164 1.616612 1.762881
35 0.908974 1.033183 1.302382 1.382745 1.561298 1.728315 1.878442
36 0.918880 1.083216 1.367679 1.457806 1.666864 1.837293 1.983450
37 0.958654 1.133315 1.439963 1.549722 1.769398 1.935340 2.100297
38 0.999393 1.191939 1.530519 1.639779 1.865362 2.048957 2.229476
39 1.045623 1.265511 1.621262 1.723218 1.971946 2.169625 2.362290
40 1.104201 1.337336 1.699163 1.813257 2.089822 2.295784 2.540196
41 1.162453 1.401755 1.792254 1.915255 2.207997 2.454088 2.756115
42 1.211501 1.474875 1.892811 2.019120 2.362239 2.649870 2.994063
43 1.269513 1.553651 1.992517 2.158449 2.546750 2.871439 3.256406
44 1.331701 1.636046 2.124006 2.331136 2.752222 3.118863 3.543895
45 1.401945 1.739389 2.284263 2.520599 2.973886 3.389636 3.845784
46 1.498285 1.868658 2.459287 2.728541 3.219139 3.673386 4.159194
47 1.618671 2.009667 2.650476 2.959335 3.470046 3.972102 4.479380
48 1.747388 2.159785 2.857849 3.195979 3.732241 4.272001 4.812751
49 1.892135 2.326061 3.076627 3.439610 4.012778 4.583573 5.182093
50 2.050019 2.501970 3.300491 3.691341 4.298497 4.934464 5.611212
51 2.214641 2.676851 3.525438 3.946344 4.614358 5.335573 6.072327
52 2.384221 2.851457 3.761884 4.227815 4.987744 5.765859 6.572829
53 2.555942 3.035220 4.022464 4.561160 5.380994 6.232589 7.113865
54 2.733375 3.231258 4.331462 4.917729 5.807288 6.735915 7.698690
55 2.929272 3.465169 4.654025 5.289194 6.273975 7.279094 8.340181
Select Mortality by Policy Year
Issue Age 8 9 10 11 12 13 14
--------- -------- -------- -------- -------- -------- -------- --------
0 0.311630 0.273612 0.256376 0.206376 0.206376 0.296376 0.446376
1 0.272230 0.253812 0.206376 0.206376 0.296376 0.446376 0.596376
2 0.252530 0.204312 0.206376 0.296376 0.446376 0.596376 0.696376
3 0.203280 0.204312 0.296376 0.446376 0.596376 0.696376 0.817063
4 0.203280 0.293412 0.446376 0.596376 0.696376 0.817063 1.022595
5 0.291930 0.441912 0.596376 0.696376 0.817063 1.022595 1.136568
6 0.439680 0.590412 0.696376 0.817063 1.022595 1.136568 1.158013
7 0.587430 0.689412 0.817063 1.022595 1.136568 1.158013 1.149520
8 0.685930 0.808893 1.022595 1.136568 1.158013 1.149520 1.140587
9 0.804807 1.012369 1.136568 1.158013 1.149520 1.140587 1.110300
10 1.007256 1.125203 1.158013 1.149520 1.140587 1.110300 1.069140
11 1.119520 1.146433 1.149520 1.140587 1.110300 1.069140 1.039052
12 1.140643 1.138025 1.140587 1.110300 1.069140 1.039052 1.001842
13 1.132277 1.129181 1.110300 1.069140 1.039052 1.001842 0.972393
14 1.123478 1.099197 1.069140 1.039052 1.001842 0.972393 0.964839
15 1.093645 1.058449 1.039052 1.001842 0.972393 0.964839 0.979326
16 1.053103 1.028661 1.001842 0.972393 0.964839 0.979326 1.006347
17 1.023466 0.991823 0.972393 0.964839 0.979326 1.006347 1.054241
18 0.984811 0.960724 0.962909 0.978346 1.006347 1.054241 1.105934
19 0.953917 0.951331 0.974429 1.004334 1.054241 1.105934 1.172030
20 0.944577 0.963656 0.999303 1.050024 1.105934 1.172030 1.246059
21 0.957781 0.989239 1.043699 1.100405 1.172030 1.246059 1.329657
22 0.982195 1.034211 1.092663 1.164998 1.246059 1.329657 1.413646
23 1.026831 1.082710 1.154449 1.237337 1.329657 1.413646 1.484458
24 1.074968 1.145073 1.224876 1.317690 1.413646 1.484458 1.576734
25 1.136869 1.214908 1.303063 1.399510 1.484458 1.576734 1.674025
26 1.203693 1.291097 1.381132 1.465160 1.573581 1.672351 1.784340
27 1.277800 1.368409 1.445862 1.553083 1.665655 1.780772 1.920350
28 1.352859 1.431018 1.531009 1.643893 1.771850 1.914589 2.057439
29 1.413204 1.513665 1.637197 1.746869 1.901147 2.049210 2.186825
30 1.494744 1.602042 1.721888 1.876182 2.032750 2.175891 2.333664
31 1.578606 1.700476 1.847377 2.003946 2.154022 2.319662 2.493821
32 1.675496 1.822412 1.973084 2.123407 2.293991 2.476365 2.660237
33 1.793607 1.944280 2.090605 2.258987 2.443945 2.638955 2.870278
34 1.913419 2.059989 2.223982 2.409032 2.601712 2.844446 3.124847
35 2.022813 2.188977 2.374118 2.561808 2.798521 3.093598 3.406215
36 2.144637 2.334217 2.527225 2.758338 3.031101 3.358528 3.709923
37 2.284340 2.484661 2.723894 2.999853 3.300622 3.650446 4.039147
38 2.431456 2.677970 2.959230 3.266560 3.598403 3.970136 4.389498
39 2.617694 2.909232 3.222279 3.561229 3.925482 4.309930 4.749253
40 2.840486 3.164374 3.512903 3.884888 4.270146 4.672497 5.122254
41 3.089437 3.445991 3.828056 4.225942 4.634119 5.044487 5.505877
42 3.364209 3.754986 4.164055 4.581350 5.003011 5.438800 5.937060
43 3.661619 4.084487 4.509391 4.945982 5.388493 5.870623 6.431564
44 3.978397 4.423041 4.868215 5.327006 5.816265 6.379062 6.970347
45 4.307908 4.769710 5.243160 5.749828 6.313433 6.920457 7.562620
46 4.645283 5.131366 5.653192 6.241242 6.856312 7.500758 8.205721
47 4.991623 5.538437 6.136237 6.770787 7.431164 8.146929 8.911873
48 5.381404 6.004981 6.656752 7.338371 8.062940 8.838899 9.678973
49 5.834347 6.507082 7.206914 7.953755 8.747683 9.609554 10.469921
50 6.314649 7.044527 7.819372 8.629101 9.510385 10.384102 11.379831
51 6.835743 7.642995 8.483154 9.371547 10.276828 11.286458 12.668057
52 7.407826 8.282477 9.202958 10.126645 11.169742 12.564114 14.158581
53 8.027071 8.984785 9.944279 11.006340 12.421192 14.042288 15.558330
54 8.707109 9.697550 10.807922 12.239292 13.882387 15.430541 17.093546
55 9.386456 10.539475 12.005420 13.678875 15.254831 16.953003 18.802952
Select Mortality by
Policy Year Ultimate Mortality
Issue Age 15 Attained Age Rate
--------- -------- ------------ ----
0 0.596376 15 0.696376
1 0.696376 16 0.817063
2 0.817063 17 1.022595
3 1.022595 18 1.136568
4 1.136568 19 1.158013
5 1.158013 20 1.149520
6 1.149520 21 1.140587
7 1.140587 22 1.110300
8 1.110300 23 1.069140
9 1.069140 24 1.039052
10 1.039052 25 1.001842
11 1.001842 26 0.972393
12 0.972393 27 0.964839
13 0.964839 28 0.979326
14 0.979326 29 1.006347
15 1.006347 30 1.054241
16 1.054241 31 1.105934
17 1.105934 32 1.172030
18 1.172030 33 1.246059
19 1.246059 34 1.329657
20 1.329657 35 1.413646
21 1.413646 36 1.484458
22 1.484458 37 1.576734
23 1.576734 38 1.674025
24 1.674025 39 1.784340
25 1.784340 40 1.920350
26 1.920350 41 2.057439
27 2.057439 42 2.186825
28 2.186825 43 2.333664
29 2.333664 44 2.493821
30 2.493821 45 2.660237
31 2.660237 46 2.870278
32 2.870278 47 3.124847
33 3.124847 48 3.406215
34 3.406215 49 3.717358
35 3.717358 50 4.059444
36 4.059444 51 4.420441
37 4.420441 52 4.797225
38 4.797225 53 5.184468
39 5.184468 54 5.589723
40 5.589723 55 6.039735
41 6.039735 56 6.562821
42 6.562821 57 7.127144
43 7.127144 58 7.732740
44 7.732740 59 8.398896
45 8.398896 60 9.121671
46 9.112549 61 9.916981
47 9.897147 62 10.727378
48 10.695196 63 11.671622
49 11.648279 64 12.992879
50 12.927914 65 14.536530
51 14.449311 66 15.973645
52 15.861829 67 17.567879
53 17.427336 68 19.324719
54 19.150797 69 21.259935
55 21.047336 70 23.447312
34
Schedule 3
Mortality Rate Per Thousand - Universal Life Male
Select Mortality by Policy Year
Issue Age 1 2 3 4 5 6 7
--------- -------- -------- -------- -------- -------- -------- --------
56 3.150154 3.713242 5.003083 5.702850 6.768280 7.884000 8.989543
57 3.392520 3.966896 5.392091 6.148006 7.318732 8.485356 9.745804
58 3.642121 4.249841 5.810504 6.624543 7.863168 9.197238 10.823068
59 3.888689 4.551714 6.267532 7.112252 8.508612 10.186417 12.065320
60 4.113874 4.889072 6.736793 7.679927 9.419837 11.353030 13.210204
61 4.393223 5.213506 7.306435 8.484350 10.480838 12.427496 14.475932
62 4.634227 5.590707 8.068578 9.419672 11.437130 13.597538 15.884919
63 4.937096 6.145632 8.925430 10.271054 12.508330 14.899359 17.411887
64 5.314087 6.803096 9.759897 11.208307 13.681901 16.306370 19.133007
65 5.858222 7.379824 10.646135 12.232547 14.966995 17.913747 21.022159
66 6.309590 8.010953 11.614156 13.351239 16.413119 19.677568 23.197245
67 6.816337 8.657474 12.692181 14.607676 17.996830 21.652669 25.615029
68 7.362718 9.396891 13.880809 15.979943 19.793457 23.903133 28.344642
69 7.951216 10.223028 15.204218 17.562402 21.810816 26.410454 31.291286
70 8.628611 11.144588 16.675701 19.306377 24.054262 29.148047 34.761323
71 9.334562 12.156386 18.355324 21.240898 26.498225 32.328030 38.530874
72 10.125554 13.283041 20.221054 23.380786 29.373318 35.778668 42.494364
73 11.032215 14.559159 22.211747 25.853734 32.447051 39.447598 46.777258
74 11.991964 15.937903 24.593636 28.536023 35.705956 43.355971 51.301987
75 13.093240 17.554468 27.135778 31.322889 39.226831 47.535512 56.233709
76 14.295594 19.217152 29.826233 34.330851 42.924827 52.023317 61.441993
77 15.644114 21.006648 32.620207 37.534871 46.885212 56.824060 67.108719
78 16.997745 22.887234 35.586694 40.890756 51.188616 61.966289 72.982520
79 18.463155 24.871723 38.821241 44.535661 55.709665 67.368480 79.200274
80 19.936342 26.975053 42.344100 48.424555 60.538065 72.990484 91.562591
81 23.264199 30.760132 46.024754 53.426947 70.038289 91.562591 119.030926
82 29.977431 39.768130 52.584841 69.325690 91.011009 119.030926 127.853828
83 38.482522 51.368466 68.205892 90.349111 119.030926 127.853828 136.740849
84 49.309985 66.475294 89.135630 119.030926 127.853828 136.740849 148.933453
85 63.014100 86.818987 119.030926 127.853828 136.740849 148.933453 161.465864
86 80.089688 119.030926 127.853828 136.740849 148.933453 161.465864 166.370938
87 119.030926 127.853828 136.740849 148.933453 161.465864 166.370938 173.744227
88 127.853828 136.740849 148.933453 161.465864 166.370938 173.744227 185.695620
89 136.740849 148.933453 161.465864 166.370938 173.744227 185.695620 205.041280
90 148.933453 161.465864 166.370938 173.744227 185.695620 205.041280 231.160308
91 161.465864 166.370938 173.744227 185.695620 205.041280 231.160308 259.155061
92 166.370938 173.744227 185.695620 205.041280 231.160308 259.155061 294.150308
93 173.744227 185.695620 205.041280 231.160308 259.155061 294.150308 336.153170
94 185.695620 205.041280 231.160308 259.155061 294.150308 336.153170 1000.000000
95 205.041280 231.160308 259.155061 294.150308 336.153170 1000.000000 1000.000000
96 231.160308 259.155061 294.150308 336.153170 1000.000000 1000.000000 1000.000000
97 259.155061 294.150308 336.153170 1000.000000 1000.000000 1000.000000 1000.000000
98 294.150308 336.153170 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
99 336.153170 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
Select Mortality by Policy Year
Issue Age 8 9 10 11 12 13 14
--------- -------- -------- -------- -------- -------- -------- --------
56 10.189326 11.706584 13.417218 15.015226 16.759756 18.629029 20.685917
57 11.316797 13.068341 14.727701 16.496238 18.416457 20.494578 22.790787
58 12.632245 14.344333 16.162449 18.126587 20.239459 22.579762 25.133503
59 13.849150 15.740820 17.759417 19.920559 22.321841 24.900786 27.773767
60 15.178647 17.276299 19.516621 21.946684 24.590496 27.516337 30.782417
61 16.657908 18.963862 21.477738 24.176775 27.173098 30.465399 34.112038
62 18.283544 20.891555 23.659625 26.715446 30.084978 33.795535 37.798938
63 20.117794 22.987330 26.143381 29.577750 33.338363 37.409258 42.104652
64 22.134032 25.371093 28.943714 32.775690 36.941643 41.713587 46.787489
65 24.427185 28.087767 32.037182 36.279187 41.148716 46.304646 51.795017
66 27.009906 31.087672 35.460860 40.410038 45.676950 51.260496 57.100109
67 29.856825 34.408724 39.497553 44.856117 50.565620 56.510232 62.861168
68 33.005877 38.280907 43.842147 49.603483 55.743391 62.146837 69.007610
69 36.716647 42.441902 48.427539 54.681612 61.302627 68.293984 75.687143
70 40.703667 46.930882 53.383883 60.198660 67.294908 74.826173 82.878840
71 44.953157 51.673239 58.705058 66.081745 73.808662 81.936061 93.567334
72 49.490693 56.821821 64.440405 72.399801 80.736160 93.567334 101.799838
73 54.354130 62.299528 70.521320 79.193431 93.567334 101.799838 110.316374
74 59.587750 68.173218 77.136459 86.362649 101.799838 110.316374 119.030926
75 65.198956 74.565244 84.117033 101.799838 110.316374 119.030926 127.853828
76 71.222664 81.216446 91.416255 110.316374 119.030926 127.853828 136.740849
77 77.567320 88.260460 110.316374 119.030926 127.853828 136.740849 148.933453
78 84.290266 110.316374 119.030926 127.853828 136.740849 148.933453 161.465864
79 91.121325 119.030926 127.853828 136.740849 148.933453 161.465864 166.370938
80 119.030926 127.853828 136.740849 148.933453 161.465864 166.370938 173.744227
81 127.853828 136.740849 148.933453 161.465864 166.370938 173.744227 185.695620
82 136.740849 148.933453 161.465864 166.370938 173.744227 185.695620 205.041280
83 148.933453 161.465864 166.370938 173.744227 185.695620 205.041280 231.160308
84 161.465864 166.370938 173.744227 185.695620 205.041280 231.160308 259.155061
85 166.370938 173.744227 185.695620 205.041280 231.160308 259.155061 294.150308
86 173.744227 185.695620 205.041280 231.160308 259.155061 294.150308 336.153170
87 185.695620 205.041280 231.160308 259.155061 294.150308 336.153170 1000.000000
88 205.041280 231.160308 259.155061 294.150308 336.153170 1000.000000 1000.000000
89 231.160308 259.155061 294.150308 336.153170 1000.000000 1000.000000 1000.000000
90 259.155061 294.150308 336.153170 1000.000000 1000.000000 1000.000000 1000.000000
91 294.150308 336.153170 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
92 336.153170 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
93 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
94 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
95 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
96 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
97 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
98 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
99 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
Select Mortality by
Policy Year Ultimate Mortality
Issue Age 15 Attained Age Rate
--------- -------- ------------ ----
56 23.119050 71 25.857514
57 25.392078 72 28.603261
58 27.973989 73 31.701768
59 31.004329 74 35.167050
60 34.393375 75 38.967977
61 38.071714 76 43.451653
62 42.452265 77 48.284303
63 47.173764 78 53.452030
64 52.169181 79 58.987716
65 57.572010 80 64.939223
66 63.380682 81 71.362575
67 69.578511 82 78.270055
68 76.313304 83 85.707177
69 83.564497 84 93.567334
70 93.567334 85 101.799838
71 101.799838 86 110.316374
72 110.316374 87 119.030926
73 119.030926 88 127.853828
74 127.853828 89 136.740849
75 136.740849 90 148.933453
76 148.933453 91 161.465864
77 161.465864 92 166.370938
78 166.370938 93 173.744227
79 173.744227 94 185.695620
80 185.695620 95 205.041280
81 205.041280 96 231.160308
82 231.160308 97 259.155061
83 259.155061 98 294.150308
84 294.150308 99 336.153170
85 336.153170 100 1000.000000
86 1000.000000
87 1000.000000
88 1000.000000
89 1000.000000
90 1000.000000
91 1000.000000
92 1000.000000
93 1000.000000
94 1000.000000
95 1000.000000
96 1000.000000
97 1000.000000
98 1000.000000
99 1000.000000
35
Schedule 3
Mortality Rates Per Thousand - Universal Life Female
Select Mortality by Policy Year
Issue Age 1 2 3 4 5 6 7
--------- -------- -------- -------- -------- -------- -------- --------
0 0.783364 0.380325 0.336739 0.307789 0.278839 0.271978 0.255845
1 0.372964 0.324525 0.307789 0.278839 0.269189 0.252478 0.226205
2 0.318244 0.296625 0.278839 0.269189 0.249889 0.223228 0.206445
3 0.290884 0.268725 0.269189 0.249889 0.220939 0.203728 0.176805
4 0.263524 0.259425 0.249889 0.220939 0.201639 0.174478 0.166925
5 0.254404 0.240825 0.220939 0.201639 0.172689 0.164728 0.166925
6 0.236164 0.212925 0.201639 0.172689 0.163039 0.164728 0.186685
7 0.208804 0.194325 0.172689 0.163039 0.163039 0.184228 0.236085
8 0.190564 0.166425 0.163039 0.163039 0.182339 0.232978 0.285485
9 0.163204 0.157125 0.163039 0.182339 0.230589 0.281728 0.315125
10 0.154084 0.157125 0.182339 0.230589 0.278839 0.310978 0.335658
11 0.154084 0.175725 0.230589 0.278839 0.307789 0.331241 0.345538
12 0.172324 0.222225 0.278839 0.307789 0.327844 0.340991 0.330677
13 0.217924 0.268725 0.307789 0.327844 0.337494 0.326326 0.342493
14 0.263524 0.296625 0.327844 0.337494 0.322979 0.337987 0.352518
15 0.290884 0.315953 0.337494 0.322979 0.334520 0.347880 0.362205
16 0.304063 0.325253 0.322979 0.334520 0.344312 0.357439 0.372569
17 0.310914 0.311265 0.334520 0.344312 0.353773 0.367666 0.380175
18 0.294196 0.319267 0.342528 0.351940 0.362387 0.374403 0.397900
19 0.301241 0.325045 0.349741 0.359747 0.369401 0.392245 0.400293
20 0.306491 0.330311 0.357485 0.364783 0.386993 0.394994 0.409339
21 0.311247 0.335990 0.362475 0.380530 0.390102 0.404740 0.419468
22 0.316382 0.338617 0.378106 0.381542 0.399304 0.414745 0.428825
23 0.318608 0.351041 0.378689 0.388433 0.409163 0.424422 0.439685
24 0.330035 0.348932 0.385506 0.395854 0.419139 0.435610 0.443538
25 0.328958 0.353311 0.392848 0.402849 0.430176 0.439872 0.446272
26 0.333241 0.357642 0.399327 0.410705 0.432083 0.441185 0.460279
27 0.337034 0.361023 0.407082 0.411922 0.432399 0.454526 0.471545
28 0.342532 0.366781 0.408257 0.412050 0.444937 0.465126 0.486387
29 0.347763 0.365644 0.407888 0.422882 0.454263 0.479724 0.527961
30 0.346400 0.362567 0.419046 0.431550 0.467936 0.520131 0.562757
31 0.342682 0.368223 0.427106 0.443335 0.506149 0.553767 0.621881
32 0.350004 0.371805 0.438210 0.478185 0.538185 0.611228 0.669765
33 0.345141 0.371069 0.473152 0.507021 0.592585 0.657509 0.748045
34 0.344417 0.394852 0.501028 0.556630 0.636601 0.734267 0.821464
35 0.359618 0.417123 0.549972 0.595507 0.709143 0.805357 0.911674
36 0.370976 0.457422 0.589018 0.662137 0.776722 0.891703 0.987155
37 0.404822 0.488085 0.654033 0.722137 0.858751 0.963211 1.077278
38 0.430409 0.541380 0.713188 0.795843 0.928383 1.050945 1.176214
39 0.474923 0.589700 0.786856 0.857639 1.011444 1.144638 1.273550
40 0.514533 0.649056 0.845666 0.930050 1.102536 1.237696 1.385398
41 0.564180 0.697648 0.919277 1.010439 1.190368 1.338436 1.499957
42 0.602959 0.756489 0.998598 1.088541 1.288342 1.442135 1.620083
43 0.651155 0.819666 1.074199 1.177197 1.386014 1.553731 1.755801
44 0.702571 0.882019 1.158412 1.268671 1.489223 1.681641 1.900563
45 0.755812 0.948646 1.243161 1.363892 1.603472 1.817836 2.050591
46 0.817150 1.016977 1.330716 1.471185 1.726400 1.958668 2.224954
47 0.880927 1.087427 1.429094 1.587068 1.850246 2.124870 2.406647
48 0.945509 1.164521 1.532642 1.704112 1.996557 2.295229 2.611031
49 1.020209 1.247449 1.640473 1.840014 2.155955 2.486696 2.826050
50 1.099410 1.334063 1.765592 1.983256 2.332035 2.691006 3.039072
51 1.180858 1.431978 1.894121 2.140984 2.516436 2.889784 3.267310
52 1.275435 1.532009 2.040910 2.305635 2.701397 3.102410 3.530150
53 1.373237 1.646678 2.193647 2.470357 2.895327 3.347413 3.810862
54 1.482920 1.762164 2.345950 2.646061 3.118991 3.608396 4.135707
55 1.597476 1.876760 2.504170 2.840733 3.360938 3.910301 4.477136
Select Mortality by Policy Year
Issue Age 8 9 10 11 12 13 14
--------- -------- -------- -------- -------- -------- -------- --------
0 0.225518 0.206863 0.178952 0.168952 0.168952 0.188952 0.238952
1 0.205818 0.177163 0.168952 0.168952 0.188952 0.238952 0.288952
2 0.176268 0.167263 0.168952 0.188952 0.238952 0.288952 0.318952
3 0.166418 0.167263 0.188952 0.238952 0.288952 0.318952 0.339735
4 0.166418 0.187063 0.238952 0.288952 0.318952 0.339735 0.349735
5 0.186118 0.236563 0.288952 0.318952 0.339735 0.349735 0.334694
6 0.235368 0.286063 0.318952 0.339735 0.349735 0.334694 0.346653
7 0.284618 0.315763 0.339735 0.349735 0.334694 0.346653 0.356800
8 0.314168 0.336337 0.349735 0.334694 0.346653 0.356800 0.366605
9 0.334639 0.346237 0.334694 0.346653 0.356800 0.366605 0.377094
10 0.344489 0.331347 0.346653 0.356800 0.366605 0.377094 0.384793
11 0.329673 0.343186 0.356800 0.366605 0.377094 0.384793 0.403960
12 0.341453 0.353232 0.366605 0.377094 0.384793 0.403960 0.407631
13 0.351448 0.362938 0.377094 0.384793 0.403960 0.407631 0.418120
14 0.361105 0.373323 0.384793 0.403960 0.407631 0.418120 0.429342
15 0.371437 0.380945 0.403960 0.407631 0.418120 0.429342 0.440272
16 0.379021 0.399920 0.407631 0.418120 0.429342 0.440272 0.452817
17 0.397900 0.403554 0.418120 0.429342 0.440272 0.452817 0.458201
18 0.400701 0.413102 0.428484 0.439832 0.452817 0.458201 0.462458
19 0.410175 0.423332 0.438070 0.451911 0.458201 0.462458 0.479458
20 0.420326 0.433228 0.449647 0.456368 0.462458 0.479458 0.493765
21 0.430586 0.445119 0.453619 0.460146 0.479458 0.493765 0.512526
22 0.441949 0.449495 0.456909 0.476581 0.493765 0.512526 0.559281
23 0.446287 0.452747 0.472266 0.490308 0.512526 0.559281 0.599315
24 0.449510 0.468430 0.485371 0.507913 0.559281 0.599315 0.665826
25 0.465074 0.481420 0.502275 0.553688 0.599315 0.665826 0.720952
26 0.476977 0.497663 0.546417 0.591524 0.664494 0.720231 0.810449
27 0.492537 0.541384 0.583733 0.655839 0.717348 0.808828 0.894841
28 0.535232 0.577740 0.646517 0.707975 0.804776 0.892156 0.998548
29 0.570548 0.639193 0.705091 0.793430 0.885892 0.994554 1.088374
30 0.631203 0.689951 0.782083 0.874259 0.986565 1.082932 1.196976
31 0.679858 0.772358 0.860837 0.972586 1.072048 1.189794 1.315675
32 0.761012 0.849204 0.957607 1.056811 1.176627 1.306466 1.434178
33 0.835781 0.943628 1.040485 1.158672 1.289362 1.422705 1.565422
34 0.928650 1.025248 1.140718 1.270942 1.402626 1.551333 1.700631
35 1.006746 1.122763 1.252523 1.381113 1.526286 1.683625 1.843097
36 1.100021 1.231472 1.362469 1.504370 1.649612 1.817294 2.000331
37 1.205159 1.339522 1.485585 1.632606 1.785961 1.968261 2.166163
38 1.310839 1.460539 1.610498 1.767530 1.940201 2.129154 2.340502
39 1.427665 1.583288 1.743570 1.920157 2.105206 2.298076 2.540605
40 1.545874 1.712237 1.894101 2.083436 2.276863 2.499545 2.752046
41 1.671689 1.858023 2.052957 2.253293 2.479015 2.710264 2.987068
42 1.813927 2.013770 2.220295 2.450786 2.687980 2.950677 3.237771
43 1.963698 2.177869 2.412292 2.657340 2.923384 3.201539 3.483381
44 2.121301 2.366099 2.615558 2.890026 3.171896 3.454945 3.750503
45 2.304509 2.562634 2.844537 3.135664 3.419400 3.723659 4.061749
46 2.495782 2.783886 3.082964 3.380301 3.689145 4.028524 4.395765
47 2.708072 3.020382 3.323430 3.643127 3.991146 4.364270 4.787424
48 2.934745 3.252340 3.581769 3.941309 4.319277 4.748223 5.195820
49 3.159924 3.501237 3.870706 4.260787 4.699221 5.158555 5.675177
50 3.397695 3.783490 4.188799 4.635520 5.105319 5.628659 6.205997
51 3.671356 4.094315 4.557118 5.030789 5.570512 6.155076 6.934317
52 3.968336 4.449315 4.940288 5.489105 6.091424 6.877420 7.733745
53 4.312111 4.823169 5.390255 6.002313 6.799187 7.670224 8.359418
54 4.674108 5.256516 5.894105 6.699617 7.582882 8.290757 8.994276
55 5.087889 5.747708 6.571599 7.471719 8.196349 8.920325 9.668190
Select Mortality by
Policy Year Ultimate Mortality
Issue Age 15 Attained Age Rate
--------- -------- ------------ ----
0 0.288952 15 0.318952
1 0.318952 16 0.339735
2 0.339735 17 0.349735
3 0.349735 18 0.334694
4 0.334694 19 0.346653
5 0.346653 20 0.356800
6 0.356800 21 0.366605
7 0.366605 22 0.377094
8 0.377094 23 0.384793
9 0.384793 24 0.403960
10 0.403960 25 0.407631
11 0.407631 26 0.418120
12 0.418120 27 0.429342
13 0.429342 28 0.440272
14 0.440272 29 0.452817
15 0.452817 30 0.458201
16 0.458201 31 0.462458
17 0.462458 32 0.479458
18 0.479458 33 0.493765
19 0.493765 34 0.512526
20 0.512526 35 0.559281
21 0.559281 36 0.599315
22 0.599315 37 0.665826
23 0.665826 38 0.720952
24 0.720952 39 0.810449
25 0.810449 40 0.894841
26 0.894841 41 0.998548
27 0.998548 42 1.088374
28 1.088374 43 1.196976
29 1.196976 44 1.315675
30 1.315675 45 1.434178
31 1.434178 46 1.565422
32 1.565422 47 1.700631
33 1.700631 48 1.843097
34 1.843097 49 2.004339
35 2.004339 50 2.177049
36 2.177049 51 2.357001
37 2.357001 52 2.566268
38 2.566268 53 2.785471
39 2.785471 54 3.032556
40 3.032556 55 3.293765
41 3.293765 56 3.554470
42 3.554470 57 3.834870
43 3.834870 58 4.153118
44 4.153118 59 4.499247
45 4.499247 60 4.900127
46 4.895226 61 5.323586
47 5.312939 62 5.814730
48 5.797286 63 6.365125
49 6.352394 64 7.112120
50 7.076560 65 7.940190
51 7.892549 66 8.582564
52 8.522486 67 9.243860
53 9.169909 68 9.936475
54 9.847047 69 10.685106
55 10.578255 70 11.579990
36
Mortality Rates Per Thousand - Universal Life Female
Select Mortality by Policy Year
Issue Age 1 2 3 4 5 6 7
--------- -------- -------- -------- -------- -------- -------- --------
56 1.706146 1.997967 2.687067 3.054989 3.635894 4.232251 4.872744
57 1.825398 2.130549 2.888517 3.302685 3.928806 4.599452 5.314879
58 1.956118 2.276619 3.121381 3.556155 4.262197 5.015718 5.924396
59 2.083151 2.445163 3.364506 3.855166 4.640176 5.575902 6.590358
60 2.209957 2.624528 3.651651 4.188252 5.156287 6.201288 7.097781
61 2.358349 2.825959 3.984568 4.644214 5.724877 6.677235 7.616941
62 2.511963 3.048895 4.416627 5.145243 6.145116 7.154748 8.167782
63 2.692448 3.364033 4.875277 5.518589 6.581628 7.661022 8.751102
64 2.908857 3.716009 5.243947 5.897583 7.035024 8.195476 9.449272
65 3.199897 3.965145 5.601779 6.289789 7.522314 8.847112 10.238814
66 3.390113 4.215200 5.971821 6.710246 8.105993 9.583933 11.231709
67 3.586618 4.451541 6.379008 7.214334 8.765331 10.483852 12.427939
68 3.785797 4.722817 6.855354 7.783010 9.583653 11.597359 13.859344
69 3.996230 5.048876 7.405194 8.503415 10.582206 12.913607 15.500144
70 4.261436 5.427957 8.074090 9.367098 11.761528 14.438490 17.579627
71 4.546386 5.885914 8.905664 10.385910 13.125900 16.349053 19.879453
72 4.902620 6.444686 9.887249 11.581676 14.854785 18.459492 22.398478
73 5.352627 7.118819 11.002593 13.074848 16.740592 20.792549 25.178637
74 5.863569 7.894843 12.437586 14.722753 18.820356 23.337072 28.224066
75 6.485739 8.877712 14.000317 16.510073 21.114494 26.151920 31.615820
76 7.229622 9.914815 15.721196 18.479151 23.615326 29.248646 35.339811
77 8.071357 11.072455 17.558369 20.650013 26.359890 32.683697 39.478304
78 8.959391 12.319434 19.578213 22.989676 29.442339 36.453147 43.926378
79 9.938100 13.683313 21.826150 25.615735 32.772539 40.547426 48.751746
80 10.968087 15.165964 24.355207 28.486899 36.436367 44.929308 57.640639
81 13.079641 17.692415 27.075159 32.156361 43.112084 57.640639 76.614834
82 17.242226 23.394551 31.649518 42.673443 57.293406 76.614834 84.138978
83 22.638261 30.917412 41.984151 56.876727 76.614834 84.138978 92.012770
84 29.678463 40.918882 56.112815 76.614834 84.138978 92.012770 102.454057
85 38.788343 54.654437 76.614834 84.138978 92.012770 102.454057 113.576088
86 50.418198 76.614834 84.138978 92.012770 102.454057 113.576088 119.278173
87 76.614834 84.138978 92.012770 102.454057 113.576088 119.278173 127.700665
88 84.138978 92.012770 102.454057 113.576088 119.278173 127.700665 141.024226
89 92.012770 102.454057 113.576088 119.278173 127.700665 141.024226 162.410241
90 102.454057 113.576088 119.278173 127.700665 141.024226 162.410241 191.033607
91 113.576088 119.278173 127.700665 141.024226 162.410241 191.033607 221.919487
92 119.278173 127.700665 141.024226 162.410241 191.033607 221.919487 260.530344
93 127.700665 141.024226 162.410241 191.033607 221.919487 260.530344 306.867694
94 141.024226 162.410241 191.033607 221.919487 260.530344 306.867694 1000.000000
95 162.410241 191.033607 221.919487 260.530344 306.867694 1000.000000 1000.000000
96 191.033607 221.919487 260.530344 306.867694 1000.000000 1000.000000 1000.000000
97 221.919487 260.530344 306.867694 1000.000000 1000.000000 1000.000000 1000.000000
98 260.530344 306.867694 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
99 306.867694 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
Select Mortality by Policy Year
Issue Age 8 9 10 11 12 13 14
--------- -------- -------- -------- -------- -------- -------- --------
56 5.556754 6.408020 7.328795 8.067610 8.818643 9.578762 10.396608
57 6.194657 7.138231 7.913124 8.679985 9.469460 10.300442 11.255750
58 6.900025 7.707143 8.504351 9.320413 10.172221 11.151530 12.241238
59 7.441083 8.282499 9.131620 10.011944 11.024151 12.127894 13.447583
60 7.986695 8.883208 9.808927 10.838871 11.976767 13.322940 14.935061
61 8.565241 9.531114 10.607271 11.775265 13.156750 14.781249 16.679359
62 9.189191 10.317771 11.523388 12.935162 14.596676 16.524602 18.723710
63 9.935632 11.195947 12.658178 14.350578 16.301065 18.530682 21.293323
64 10.780350 12.284249 14.042956 16.025941 18.299049 21.095552 24.139336
65 11.827225 13.627666 15.664842 17.970901 20.809884 23.890220 27.300786
66 13.104708 15.200571 17.565542 20.436316 23.566369 27.019045 30.735083
67 14.598738 17.044367 19.974851 23.142872 26.652780 30.417572 34.583413
68 16.349466 19.359564 22.619729 26.145645 30.004807 34.190420 38.797586
69 18.568481 21.897292 25.525813 29.433287 33.725973 38.396370 43.533244
70 21.000475 24.736935 28.734763 33.118620 37.834668 43.038037 48.755454
71 23.694491 27.813980 32.296906 37.152601 42.452791 48.200841 56.315869
72 26.639189 31.260833 36.229804 41.642452 47.494971 56.315869 62.662912
73 29.903220 35.026156 40.561999 46.587424 56.315869 62.662912 69.446553
74 33.501535 39.211433 45.377361 51.979547 62.662912 69.446553 76.614834
75 37.500716 43.864782 50.627966 62.662912 69.446553 76.614834 84.138978
76 41.898430 48.882174 56.271295 69.446553 76.614834 84.138978 92.012770
77 46.685856 54.328745 69.446553 76.614834 84.138978 92.012770 102.454057
78 51.884891 69.446553 76.614834 84.138978 92.012770 102.454057 113.576088
79 57.362853 76.614834 84.138978 92.012770 102.454057 113.576088 119.278173
80 76.614834 84.138978 92.012770 102.454057 113.576088 119.278173 127.700665
81 84.138978 92.012770 102.454057 113.576088 119.278173 127.700665 141.024226
82 92.012770 102.454057 113.576088 119.278173 127.700665 141.024226 162.410241
83 102.454057 113.576088 119.278173 127.700665 141.024226 162.410241 191.033607
84 113.576088 119.278173 127.700665 141.024226 162.410241 191.033607 221.919487
85 119.278173 127.700665 141.024226 162.410241 191.033607 221.919487 260.530344
86 127.700665 141.024226 162.410241 191.033607 221.919487 260.530344 306.867694
87 141.024226 162.410241 191.033607 221.919487 260.530344 306.867694 1000.000000
88 162.410241 191.033607 221.919487 260.530344 306.867694 1000.000000 1000.000000
89 191.033607 221.919487 260.530344 306.867694 1000.000000 1000.000000 1000.000000
90 221.919487 260.530344 306.867694 1000.000000 1000.000000 1000.000000 1000.000000
91 260.530344 306.867694 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
92 306.867694 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
93 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
94 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
95 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
96 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
97 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
98 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
99 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
Select Mortality by
Policy Year Ultimate Mortality
Issue Age 15 Attained Age Rate
--------- -------- ------------ ----
56 11.417870 71 12.593867
57 12.367177 72 13.849210
58 13.544528 73 15.381113
59 15.042728 74 17.195216
60 16.816921 75 19.302794
61 18.858830 76 21.974534
62 21.469120 77 24.911595
63 24.338629 78 28.174186
64 27.498006 79 31.751119
65 30.989092 80 35.726666
66 34.869226 81 40.121599
67 39.118559 82 45.018867
68 43.893395 83 50.419290
69 49.158808 84 56.315869
70 56.315869 85 62.662912
71 62.662912 86 69.446553
72 69.446553 87 76.614834
73 76.614834 88 84.138978
74 84.138978 89 92.012770
75 92.012770 90 102.454057
76 102.454057 91 113.576088
77 113.576088 92 119.278173
78 119.278173 93 127.700665
79 127.700665 94 141.024226
80 141.024226 95 162.410241
81 162.410241 96 191.033607
82 191.033607 97 221.919487
83 221.919487 98 260.530344
84 260.530344 99 306.867694
85 306.867694 100 1000.000000
86 1000.000000
87 1000.000000
88 1000.000000
89 1000.000000
90 1000.000000
91 1000.000000
92 1000.000000
93 1000.000000
94 1000.000000
95 1000.000000
96 1000.000000
97 1000.000000
98 1000.000000
99 1000.000000
37
SCHEDULE 3
Mortality Rates Per Thousand - Variable Life Male
Select Mortality by Policy Year
Issue Age 1 2 3 4 5 6 7
--------- -------- -------- -------- -------- -------- -------- --------
0 0.991659 0.518331 0.479938 0.431688 0.402738 0.367912 0.362937
1 0.508299 0.462531 0.431688 0.402738 0.364138 0.358162 0.313537
2 0.453579 0.416031 0.402738 0.364138 0.354488 0.309412 0.274017
3 0.407979 0.388131 0.364138 0.354488 0.306238 0.270412 0.254257
4 0.380619 0.350931 0.354488 0.306238 0.267638 0.250912 0.204857
5 0.344139 0.341631 0.306238 0.267638 0.248338 0.202162 0.204857
6 0.335019 0.295131 0.267638 0.248338 0.200088 0.202162 0.293777
7 0.289419 0.257931 0.248338 0.200088 0.200088 0.289912 0.441977
8 0.252939 0.239331 0.200088 0.200088 0.286938 0.436162 0.590177
9 0.234699 0.192831 0.200088 0.286938 0.431688 0.582412 0.688977
10 0.189099 0.192831 0.286938 0.431688 0.576438 0.679912 0.808228
11 0.189099 0.276531 0.431688 0.576438 0.672938 0.797594 1.011217
12 0.271179 0.416031 0.576438 0.672938 0.789413 0.997912 1.166985
13 0.407979 0.555531 0.672938 0.789413 0.987677 1.151630 1.189771
14 0.544779 0.648531 0.789413 0.987677 1.139818 1.174116 1.182220
15 0.635979 0.760782 0.987677 1.139818 1.162074 1.166664 1.174198
16 0.732150 0.951854 1.139818 1.162074 1.154698 1.158748 1.143603
17 0.909891 1.098477 1.162074 1.154698 1.146864 1.128556 1.101518
18 1.038238 1.109088 1.148715 1.140921 1.112351 1.084795 1.067830
19 1.046469 1.090083 1.133791 1.104249 1.070301 1.052653 1.028774
20 1.027861 1.070802 1.097304 1.056922 1.038560 1.015155 0.996096
21 1.009002 1.031327 1.050233 1.021214 1.002583 0.984904 0.987408
22 0.971137 0.981109 1.014710 0.980583 0.971677 0.976290 1.000678
23 0.923134 0.942076 0.973249 0.945223 0.963152 0.990404 1.027437
24 0.885703 0.896772 0.938101 0.931822 0.978075 1.017914 1.074949
25 0.845438 0.859756 0.924747 0.940062 1.005216 1.066066 1.127974
26 0.810918 0.841874 0.931843 0.959717 1.047187 1.115117 1.188494
27 0.793362 0.842460 0.951252 0.998326 1.092908 1.173638 1.260838
28 0.799309 0.857079 0.989442 1.041477 1.148878 1.243675 1.339351
29 0.812638 0.886167 1.030957 1.091929 1.214629 1.321004 1.418663
30 0.839527 0.916406 1.082025 1.153898 1.288543 1.397623 1.488206
31 0.866144 0.950795 1.142016 1.220799 1.360053 1.464433 1.577667
32 0.903751 0.994148 1.206686 1.284912 1.423226 1.550641 1.673534
33 0.922854 1.021802 1.271387 1.340812 1.503345 1.642910 1.779779
34 0.948413 1.060992 1.324963 1.412131 1.590668 1.746998 1.913543
35 0.966314 1.103079 1.395239 1.487986 1.687222 1.876022 2.046759
36 0.981043 1.160447 1.471773 1.575384 1.809319 2.001923 2.169738
37 1.027004 1.219572 1.556101 1.682166 1.927944 2.117109 2.308067
38 1.075457 1.288074 1.661322 1.786711 2.040558 2.251648 2.459970
39 1.129957 1.373665 1.766535 1.885064 2.167019 2.393931 2.612599
40 1.198570 1.457167 1.858750 1.992631 2.305878 2.539046 2.807053
41 1.266614 1.533409 1.969551 2.113263 2.441956 2.711899 3.042006
42 1.325286 1.620776 2.088498 2.233066 2.610401 2.924740 3.296265
43 1.395098 1.714275 2.203645 2.385202 2.810924 3.161265 3.573533
44 1.469378 1.809401 2.347140 2.572944 3.030014 3.422596 3.875228
45 1.550495 1.922118 2.521209 2.775013 3.263501 3.706546 4.188699
46 1.655685 2.062494 2.707513 2.994262 3.520109 4.000930 4.514275
47 1.786575 2.212510 2.908595 3.236015 3.779458 4.311211 4.849793
48 1.923759 2.370117 3.125040 3.480953 4.050872 4.625265 5.200986
49 2.076402 2.543534 3.350959 3.733259 4.344606 4.953320 5.595669
50 2.241684 2.725062 3.582262 3.996588 4.645248 5.328277 6.058225
51 2.412113 2.905381 3.816967 4.264688 4.982624 5.760628 6.554530
52 2.587768 3.087252 4.065347 4.565231 5.385089 6.223726 7.093242
53 2.767301 3.280064 4.343491 4.924522 5.808298 6.726062 7.673035
54 2.953870 3.489141 4.676525 5.308246 6.267088 7.265377 8.299606
55 3.163053 3.741220 5.023601 5.707973 6.767128 7.847258 8.987639
Select Mortality by Policy Year
Issue Age 8 9 10 11 12 13 14
--------- -------- -------- -------- -------- -------- -------- --------
0 0.312585 0.274572 0.257345 0.207345 0.207345 0.297345 0.447345
1 0.273185 0.254772 0.207345 0.207345 0.297345 0.447345 0.597345
2 0.253485 0.205272 0.207345 0.297345 0.447345 0.597345 0.697345
3 0.204235 0.205272 0.297345 0.447345 0.597345 0.697345 0.818045
4 0.204235 0.294372 0.447345 0.597345 0.697345 0.818045 1.023499
5 0.292885 0.442872 0.597345 0.697345 0.818045 1.023499 1.181158
6 0.440635 0.591372 0.697345 0.818045 1.023499 1.181158 1.204222
7 0.588385 0.690372 0.818045 1.023499 1.181158 1.204222 1.196578
8 0.686885 0.809864 1.023499 1.181158 1.204222 1.196578 1.188460
9 0.805774 1.013264 1.181158 1.204222 1.196578 1.188460 1.157493
10 1.008147 1.169347 1.204222 1.196578 1.188460 1.157493 1.114897
11 1.163441 1.192180 1.196578 1.188460 1.157493 1.114897 1.084092
12 1.186159 1.184613 1.188460 1.157493 1.114897 1.084092 1.047631
13 1.178630 1.176575 1.157493 1.114897 1.084092 1.047631 1.017463
14 1.170633 1.145918 1.114897 1.084092 1.047631 1.017463 1.010653
15 1.140131 1.103748 1.084092 1.047631 1.017463 1.010653 1.027390
16 1.098173 1.073251 1.047631 1.017463 1.010653 1.027390 1.058122
17 1.067830 1.037155 1.017463 1.010653 1.027390 1.058122 1.110485
18 1.029822 1.005253 1.008631 1.026362 1.058122 1.110485 1.168885
19 0.998131 0.996504 1.022253 1.056006 1.110485 1.168885 1.238015
20 0.989429 1.010952 1.050715 1.106043 1.168885 1.238015 1.320249
21 1.004787 1.040134 1.099380 1.163041 1.238015 1.320249 1.411329
22 1.032727 1.089386 1.154859 1.230587 1.320249 1.411329 1.502821
23 1.081612 1.144339 1.219445 1.311008 1.411329 1.502821 1.584884
24 1.136157 1.209540 1.297805 1.398627 1.502821 1.584884 1.689151
25 1.200874 1.287243 1.383102 1.487793 1.584884 1.689151 1.801436
26 1.275361 1.370400 1.468256 1.564281 1.685773 1.799635 1.928254
27 1.356287 1.454731 1.543677 1.663814 1.792429 1.924398 2.084469
28 1.438200 1.527828 1.640166 1.769010 1.914756 2.078216 2.241796
29 1.508810 1.621585 1.761805 1.887761 2.063624 2.232828 2.392214
30 1.601315 1.723974 1.860765 2.036526 2.214894 2.380253 2.564519
31 1.698754 1.837626 2.005259 2.183509 2.356330 2.549132 2.751645
32 1.810631 1.978161 2.149882 2.322839 2.520922 2.732383 2.942116
33 1.946894 2.118497 2.286956 2.482455 2.696612 2.918579 3.171811
34 2.084870 2.253465 2.443987 2.658089 2.877389 3.143265 3.448986
35 2.212798 2.405519 2.619566 2.833257 3.092516 3.414496 3.750018
36 2.356793 2.575540 2.795010 3.048111 3.345517 3.697517 4.071217
37 2.520507 2.747936 3.010049 3.311027 3.633767 4.005947 4.416783
38 2.689094 2.959300 3.266190 3.596267 3.948836 4.341320 4.780895
39 2.892692 3.211006 3.547517 3.908042 4.292491 4.694232 5.154709
40 3.135129 3.483766 3.855010 4.248102 4.650900 5.071401 5.545828
41 3.401266 3.781581 4.185956 4.602754 5.029746 5.461630 5.950025
42 3.691835 4.106054 4.535350 4.972472 5.416725 5.877537 6.410889
43 4.003958 4.448687 4.894370 5.354980 5.823172 6.339150 6.943931
44 4.333137 4.800648 5.270782 5.756725 6.280454 6.887246 7.523862
45 4.675686 5.164131 5.666115 6.208714 6.816389 7.470010 8.161401
46 5.029415 5.545302 6.104366 6.738447 7.400772 8.094641 8.850715
47 5.394287 5.980453 6.625077 7.308455 8.019536 8.787301 9.607483
48 5.810887 6.483364 7.185365 7.919396 8.696711 9.528813 10.430364
49 6.299137 7.023809 7.777531 8.578943 9.430477 10.355556 11.288804
50 6.816095 7.602286 8.433998 9.302639 10.248687 11.196273 12.264034
51 7.376972 8.243757 9.145301 10.099072 11.080609 12.163406 13.599705
52 7.990103 8.928960 9.917395 10.918679 12.037622 13.488117 15.124451
53 8.653618 9.682284 10.722051 11.861523 13.334685 15.000225 16.574902
54 9.383053 10.456023 11.647688 13.139407 14.829415 16.438764 18.160880
55 10.120598 11.358383 12.888336 14.612021 16.251573 18.011561 19.919611
Select Mortality by
Policy Year Ultimate Mortality
Issue Age 15 Attained Age Rate
--------- -------- ------------ ----
0 0.597345 15 0.697345
1 0.697345 16 0.818045
2 0.818045 17 1.023499
3 1.023499 18 1.181158
4 1.181158 19 1.204222
5 1.204222 20 1.196578
6 1.196578 21 1.188460
7 1.188460 22 1.157493
8 1.157493 23 1.114897
9 1.114897 24 1.084092
10 1.084092 25 1.047631
11 1.047631 26 1.017463
12 1.017463 27 1.010653
13 1.010653 28 1.027390
14 1.027390 29 1.058122
15 1.058122 30 1.110485
16 1.110485 31 1.168885
17 1.168885 32 1.238015
18 1.238015 33 1.320249
19 1.320249 34 1.411329
20 1.411329 35 1.502821
21 1.502821 36 1.584884
22 1.584884 37 1.689151
23 1.689151 38 1.801436
24 1.801436 39 1.928254
25 1.928254 40 2.084469
26 2.084469 41 2.241796
27 2.241796 42 2.392214
28 2.392214 43 2.564519
29 2.564519 44 2.751645
30 2.751645 45 2.942116
31 2.942116 46 3.171811
32 3.171811 47 3.448986
33 3.448986 48 3.750018
34 3.750018 49 4.079376
35 4.079376 50 4.438978
36 4.438978 51 4.814597
37 4.814597 52 5.206777
38 5.206777 53 5.613186
39 5.613186 54 6.040634
40 6.040634 55 6.521759
41 6.521759 56 7.085644
42 7.085644 57 7.693110
43 7.693110 58 8.344990
44 8.344990 59 9.059074
45 9.059074 60 9.833657
46 9.823823 61 10.686848
47 10.665475 62 11.566398
48 11.531698 63 12.578497
49 12.553340 64 13.948415
50 13.878673 65 15.528183
51 15.435014 66 17.017354
52 16.898232 67 18.664831
53 18.515512 68 20.472365
54 20.288114 69 22.460929
55 22.236319 70 24.702216
38
Schedule 3
Mortality Rates Per Thousand - Variable Life Male
Select Mortality by Policy Year
Issue Age 1 2 3 4 5 6 7
--------- -------- -------- -------- -------- -------- -------- --------
56 3.401109 4.008110 5.399209 6.151111 7.296573 8.496044 9.692641
57 3.661920 4.280980 5.815925 6.627885 7.886894 9.149020 10.503045
58 3.930490 4.583891 6.264039 7.138815 8.478169 9.911856 11.619030
59 4.194351 4.906995 6.754088 7.668522 9.169724 10.935557 12.888392
60 4.434979 5.268616 7.263698 8.276651 10.112601 12.127511 14.073351
61 4.734274 5.621269 7.874139 9.108315 11.195820 13.239501 15.379820
62 4.996684 6.025100 8.661966 10.062263 12.184425 14.446579 16.828284
63 5.320704 6.597600 9.534305 10.942158 13.289359 15.784194 18.395501
64 5.704902 7.267190 10.397603 11.908162 14.494435 17.227532 20.157008
65 6.257858 7.862017 11.310887 12.959007 15.812494 18.872493 22.098105
66 6.721855 8.511163 12.303891 14.105463 17.291551 20.684696 24.329565
67 7.241954 9.171620 13.409174 15.389480 18.917935 22.709594 26.808040
68 7.799971 9.927730 14.623712 16.797821 20.759628 25.016414 29.602430
69 8.400387 10.770166 15.982393 18.419670 22.826648 27.582413 32.614830
70 9.090415 11.714985 17.489687 20.205565 25.121665 30.380938 36.171902
71 9.812319 12.749772 19.210217 22.183459 27.619034 33.639869 40.029587
72 10.619810 13.901694 21.118359 24.369736 30.565258 37.170331 44.076867
73 11.546037 15.205218 23.151249 26.902852 33.709126 40.916639 48.440127
74 12.524105 16.612037 25.591621 29.645973 37.035657 44.897217 53.036543
75 13.647052 18.266811 28.191263 32.489363 40.621292 49.142721 58.032418
76 14.875695 19.964631 30.936971 35.551266 44.376146 53.687351 63.290862
77 16.252614 21.788942 33.779811 38.803952 48.384897 58.533969 68.996733
78 17.630747 23.700844 36.789906 42.198700 52.728947 63.709627 74.896370
79 19.119495 25.712653 40.062989 45.875797 57.276981 69.135111 81.131604
80 20.610404 27.837886 43.618288 49.786914 62.125579 74.770385 93.637478
81 24.008335 31.685744 47.319598 54.827984 71.746200 93.637478 121.539870
82 30.879491 40.886953 53.963795 71.016224 93.073396 121.539870 130.363691
83 39.565176 52.715522 69.869119 92.396499 121.539870 130.363691 139.246585
84 50.603060 68.096320 91.155520 121.539870 130.363691 139.246585 151.311466
85 64.550723 88.786379 121.539870 130.363691 139.246585 151.311466 163.691439
86 81.904589 121.539870 130.363691 139.246585 151.311466 163.691439 168.540302
87 121.539870 130.363691 139.246585 151.311466 163.691439 168.540302 175.888407
88 130.363691 139.246585 151.311466 163.691439 168.540302 175.888407 187.884323
89 139.246585 151.311466 163.691439 168.540302 175.888407 187.884323 207.420611
90 151.311466 163.691439 168.540302 175.888407 187.884323 207.420611 233.817716
91 163.691439 168.540302 175.888407 187.884323 207.420611 233.817716 262.106354
92 168.540302 175.888407 187.884323 207.420611 233.817716 262.106354 297.468598
93 175.888407 187.884323 207.420611 233.817716 262.106354 297.468598 339.910102
94 187.884323 207.420611 233.817716 262.106354 297.468598 339.910102 1000.000000
95 207.420611 233.817716 262.106354 297.468598 339.910102 1000.000000 1000.000000
96 233.817716 262.106354 297.468598 339.910102 1000.000000 1000.000000 1000.000000
97 262.106354 297.468598 339.910102 1000.000000 1000.000000 1000.000000 1000.000000
98 297.468598 339.910102 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
99 339.910102 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
Select Mortality by Policy Year
Issue Age 8 9 10 11 12 13 14
--------- -------- -------- -------- -------- -------- -------- --------
56 10.981028 12.567522 14.332513 15.996312 17.806248 19.735360 21.854484
57 12.149070 13.959837 15.690000 17.526276 19.510164 21.652335 24.010554
58 13.493991 15.281584 17.171644 19.203078 21.382804 23.788234 26.419874
59 14.754046 16.723688 18.814104 21.045890 23.516509 26.175246 29.129479
60 16.126414 18.302294 20.619133 23.121274 25.849074 28.859483 32.216098
61 17.647179 20.035148 22.627229 25.414179 28.499490 31.884315 35.625753
62 19.316399 22.009674 24.870560 28.019498 31.486176 35.295205 39.397740
63 21.194501 24.163856 27.419509 30.955324 34.817746 38.991578 43.813217
64 23.266885 26.609524 30.291758 34.230105 38.504183 43.406283 48.607356
65 25.619541 29.395945 33.458826 37.813707 42.818489 48.105732 53.723879
66 28.267884 32.467181 36.960767 42.049837 47.453621 53.169453 59.129940
67 31.181716 35.864128 41.100324 46.600860 52.448699 58.519094 64.986549
68 34.401944 39.834308 45.547450 51.450733 57.724993 64.248066 71.214909
69 38.206572 44.092741 50.230995 56.625470 63.375313 70.478457 77.964667
70 42.286895 48.678603 55.281607 62.234020 69.447424 77.077789 85.210524
71 46.627226 53.510153 60.689918 68.195455 76.029660 84.241221 96.020987
72 51.250021 58.743007 66.501616 74.578404 83.007563 96.020987 104.282267
73 56.191882 64.292260 72.643397 81.421432 96.020987 104.282267 112.816238
74 61.493742 70.224638 79.306589 88.627371 104.282267 112.816238 121.539870
75 67.160876 76.663036 86.322868 104.282267 112.816238 121.539870 130.363691
76 73.226417 83.346217 93.645476 112.816238 121.539870 130.363691 139.246585
77 79.601398 90.412725 112.816238 121.539870 130.363691 139.246585 151.311466
78 86.345717 112.816238 121.539870 130.363691 139.246585 151.311466 163.691439
79 93.186213 121.539870 130.363691 139.246585 151.311466 163.691439 168.540302
80 121.539870 130.363691 139.246585 151.311466 163.691439 168.540302 175.888407
81 130.363691 139.246585 151.311466 163.691439 168.540302 175.888407 187.884323
82 139.246585 151.311466 163.691439 168.540302 175.888407 187.884323 207.420611
83 151.311466 163.691439 168.540302 175.888407 187.884323 207.420611 233.817716
84 163.691439 168.540302 175.888407 187.884323 207.420611 233.817716 262.106354
85 168.540302 175.888407 187.884323 207.420611 233.817716 262.106354 297.468598
86 175.888407 187.884323 207.420611 233.817716 262.106354 297.468598 339.910102
87 187.884323 207.420611 233.817716 262.106354 297.468598 339.910102 1000.000000
88 207.420611 233.817716 262.106354 297.468598 339.910102 1000.000000 1000.000000
89 233.817716 262.106354 297.468598 339.910102 1000.000000 1000.000000 1000.000000
90 262.106354 297.468598 339.910102 1000.000000 1000.000000 1000.000000 1000.000000
91 297.468598 339.910102 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
92 339.910102 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
93 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
94 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
95 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
96 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
97 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
98 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
99 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
Select Mortality by
Policy Year Ultimate Mortality
Issue Age 15 Attained Age Rate
--------- -------- ------------ ----
56 24.356385 71 27.180940
57 26.691683 72 29.999463
58 29.339475 73 33.178267
59 32.448346 74 36.727580
60 35.919574 75 40.616227
61 39.682054 76 45.214878
62 44.174936 77 50.162390
63 49.008655 78 55.442600
64 54.111977 79 61.084649
65 59.618617 80 67.134865
66 65.523628 81 73.645200
67 71.804070 82 80.625302
68 78.609669 83 88.118433
69 85.915472 84 96.020987
70 96.020987 85 104.282267
71 104.282267 86 112.816238
72 112.816238 87 121.539870
73 121.539870 88 130.363691
74 130.363691 89 139.246585
75 139.246585 90 151.311466
76 151.311466 91 163.691439
77 163.691439 92 168.540302
78 168.540302 93 175.888407
79 175.888407 94 187.884323
80 187.884323 95 207.420611
81 207.420611 96 233.817716
82 233.817716 97 262.106354
83 262.106354 98 297.468598
84 297.468598 99 339.910102
85 339.910102 100 1000.000000
86 1000.000000
87 1000.000000
88 1000.000000
89 1000.000000
90 1000.000000
91 1000.000000
92 1000.000000
93 1000.000000
94 1000.000000
95 1000.000000
96 1000.000000
97 1000.000000
98 1000.000000
99 1000.000000
39
Schedule 3
Mortality Rates Per Thousand - Variable Life Female
Select Mortality by Policy Year
Issue Age 1 2 3 4 5 6 7
--------- -------- -------- -------- -------- -------- -------- --------
0 0.784555 0.381539 0.337998 0.309048 0.280098 0.273251 0.257134
1 0.374155 0.325739 0.309048 0.280098 0.270448 0.253751 0.227494
2 0.319435 0.297839 0.280098 0.270448 0.251148 0.224501 0.207734
3 0.292075 0.269939 0.270448 0.251148 0.222198 0.205001 0.178094
4 0.264715 0.260639 0.251148 0.222198 0.202898 0.175751 0.168214
5 0.255595 0.242039 0.222198 0.202898 0.173948 0.166001 0.168214
6 0.237355 0.214139 0.202898 0.173948 0.164298 0.166001 0.187974
7 0.209995 0.195539 0.173948 0.164298 0.164298 0.185501 0.237374
8 0.191755 0.167639 0.164298 0.164298 0.183598 0.234251 0.286774
9 0.164395 0.158339 0.164298 0.183598 0.231848 0.283001 0.316414
10 0.155275 0.158339 0.183598 0.231848 0.280098 0.312251 0.336982
11 0.155275 0.176939 0.231848 0.280098 0.309048 0.332548 0.346862
12 0.173515 0.223439 0.280098 0.309048 0.329137 0.342298 0.348679
13 0.219115 0.269939 0.309048 0.329137 0.338787 0.344091 0.361704
14 0.264715 0.297839 0.329137 0.338787 0.340562 0.356945 0.371764
15 0.292075 0.317200 0.338787 0.340562 0.353284 0.366872 0.381479
16 0.305262 0.326500 0.340562 0.353284 0.363109 0.376460 0.391883
17 0.312106 0.328210 0.353284 0.363109 0.372599 0.386727 0.398350
18 0.310212 0.337175 0.361228 0.370668 0.381174 0.392302 0.415452
19 0.318138 0.342790 0.368352 0.378397 0.387061 0.409547 0.419022
20 0.323224 0.347888 0.376018 0.382222 0.404064 0.413475 0.428051
21 0.327810 0.353409 0.379803 0.397316 0.408355 0.423242 0.438204
22 0.332783 0.354806 0.394785 0.399394 0.417558 0.433271 0.447573
23 0.333840 0.366526 0.396407 0.406189 0.427440 0.442977 0.459037
24 0.344593 0.365258 0.403129 0.413536 0.437463 0.454783 0.464659
25 0.344349 0.369462 0.410396 0.420461 0.449110 0.460819 0.468599
26 0.348475 0.373617 0.416785 0.428782 0.452658 0.463258 0.484891
27 0.352088 0.376806 0.425000 0.431538 0.454031 0.478830 0.497298
28 0.357507 0.382925 0.427697 0.432665 0.468728 0.490529 0.514965
29 0.363070 0.383056 0.428295 0.445494 0.479072 0.507911 0.558766
30 0.362895 0.380706 0.441453 0.455119 0.495430 0.550479 0.596923
31 0.359826 0.387913 0.450432 0.469383 0.535681 0.587387 0.658233
32 0.368719 0.392110 0.463957 0.506085 0.570859 0.646957 0.711661
33 0.363991 0.392871 0.500758 0.537803 0.627224 0.698638 0.793156
34 0.364654 0.417890 0.531446 0.589168 0.676423 0.778548 0.871494
35 0.380600 0.442448 0.582121 0.632758 0.751908 0.854406 0.966556
36 0.393499 0.484161 0.625863 0.702068 0.824027 0.945383 1.048981
37 0.428486 0.518616 0.693474 0.766117 0.910447 1.023537 1.145341
38 0.457332 0.574028 0.756624 0.843751 0.986528 1.117344 1.250513
39 0.503564 0.625615 0.834223 0.911353 1.075348 1.216942 1.353483
40 0.545870 0.688128 0.898631 0.988811 1.172181 1.315379 1.472221
41 0.598142 0.741342 0.977357 1.074266 1.265080 1.422315 1.595188
42 0.640723 0.804284 1.061677 1.156863 1.369082 1.533695 1.722091
43 0.692295 0.871442 1.141621 1.250972 1.474011 1.651561 1.864017
44 0.746951 0.937379 1.231010 1.349218 1.582991 1.785286 2.014984
45 0.803250 1.008097 1.322089 1.449769 1.702299 1.927275 2.173331
46 0.868361 1.081545 1.414504 1.561859 1.830334 2.075905 2.355484
47 0.936856 1.155897 1.517174 1.682615 1.960994 2.249528 2.548132
48 1.005043 1.236295 1.624912 1.806113 2.113687 2.430163 2.766051
49 1.083088 1.322549 1.738664 1.947960 2.282702 2.634335 2.992010
50 1.165598 1.413914 1.869173 2.099850 2.470492 2.849035 3.219054
51 1.251539 1.515986 2.005474 2.268098 2.664214 3.060925 3.465307
52 1.350260 1.622075 2.162082 2.441034 2.861381 3.290415 3.745786
53 1.453969 1.744443 2.322469 2.616658 3.070783 3.551886 4.046841
54 1.570963 1.865647 2.484884 2.806411 3.309512 3.831838 4.393920
55 1.691288 1.987907 2.655922 3.014256 3.569056 4.154441 4.761531
Select Mortality by Policy Year
Issue Age 8 9 10 11 12 13 14
--------- -------- -------- -------- -------- -------- -------- --------
0 0.226803 0.208155 0.180257 0.170257 0.170257 0.190257 0.240257
1 0.207103 0.178455 0.170257 0.170257 0.190257 0.240257 0.290257
2 0.177553 0.168555 0.170257 0.190257 0.240257 0.290257 0.320257
3 0.167703 0.168555 0.190257 0.240257 0.290257 0.320257 0.341075
4 0.167703 0.188355 0.240257 0.290257 0.320257 0.341075 0.351075
5 0.187403 0.237855 0.290257 0.320257 0.341075 0.351075 0.352914
6 0.236653 0.287355 0.320257 0.341075 0.351075 0.352914 0.366097
7 0.285903 0.317055 0.341075 0.351075 0.352914 0.366097 0.376279
8 0.315453 0.337664 0.351075 0.352914 0.366097 0.376279 0.386113
9 0.335959 0.347564 0.352914 0.366097 0.376279 0.386113 0.396643
10 0.345809 0.349385 0.366097 0.376279 0.386113 0.396643 0.403188
11 0.347621 0.362436 0.376279 0.386113 0.396643 0.403188 0.421779
12 0.360606 0.372516 0.386113 0.396643 0.403188 0.421779 0.426703
13 0.370635 0.382252 0.396643 0.403188 0.421779 0.426703 0.437233
14 0.380321 0.392677 0.403188 0.421779 0.426703 0.437233 0.448520
15 0.390693 0.399156 0.421779 0.426703 0.437233 0.448520 0.459520
16 0.397140 0.417561 0.426703 0.437233 0.448520 0.459520 0.472747
17 0.415452 0.422436 0.437233 0.448520 0.459520 0.472747 0.480020
18 0.419449 0.431986 0.447623 0.459061 0.472747 0.480020 0.485595
19 0.428926 0.442241 0.457222 0.471801 0.480020 0.485595 0.505095
20 0.439101 0.452168 0.469438 0.478099 0.485595 0.505095 0.520731
21 0.449411 0.464710 0.475219 0.483167 0.505095 0.520731 0.542640
22 0.461401 0.470899 0.479768 0.502064 0.520731 0.542640 0.591913
23 0.467539 0.475398 0.497518 0.517086 0.542640 0.591913 0.635701
24 0.471998 0.493478 0.511878 0.537756 0.591913 0.635701 0.704747
25 0.489942 0.507713 0.531787 0.585994 0.635701 0.704747 0.766051
26 0.503026 0.526903 0.578299 0.627437 0.703337 0.765284 0.859324
27 0.521477 0.572971 0.619172 0.694175 0.762220 0.857605 0.949340
28 0.566460 0.612815 0.684309 0.752262 0.853309 0.946492 1.058659
29 0.605187 0.676557 0.749197 0.841278 0.939846 1.054424 1.156539
30 0.668100 0.733110 0.829248 0.927505 1.045955 1.150756 1.272601
31 0.722386 0.818936 0.913265 1.031134 1.139191 1.264965 1.398784
32 0.806905 0.900923 1.015254 1.122999 1.250967 1.388992 1.524193
33 0.886683 1.000433 1.105651 1.231878 1.370808 1.512000 1.663527
34 0.984553 1.089460 1.212789 1.351225 1.490661 1.648555 1.808603
35 1.069799 1.193700 1.331642 1.467798 1.621939 1.790517 1.959147
36 1.169520 1.309262 1.447983 1.598649 1.754345 1.931719 2.123618
37 1.281286 1.423596 1.578687 1.736259 1.898414 2.089572 2.296574
38 1.393113 1.552070 1.712747 1.878822 2.059782 2.257336 2.480595
39 1.517136 1.683809 1.853353 2.038503 2.231946 2.435629 2.689653
40 1.644020 1.820048 2.010841 2.208865 2.413146 2.646183 2.913836
41 1.776947 1.972539 2.176552 2.388166 2.624449 2.869598 3.164414
42 1.925726 2.135006 2.353192 2.594564 2.846004 3.125863 3.427909
43 2.081919 2.308227 2.553812 2.813563 3.096949 3.389549 3.689676
44 2.248273 2.504909 2.769324 3.061611 3.358165 3.659556 3.977782
45 2.439705 2.713289 3.013422 3.319806 3.621906 3.949312 4.309857
46 2.642507 2.949170 3.264011 3.580492 3.912706 4.274603 4.667962
47 2.868855 3.197754 3.520252 3.863899 4.234941 4.634517 5.086327
48 3.107087 3.444953 3.798823 4.182060 4.586739 5.044678 5.525867
49 3.347063 3.713410 4.107144 4.524627 4.992618 5.486235 6.039644
50 3.603594 4.014601 4.448181 4.924939 5.429618 5.990139 6.607510
51 3.895617 4.347846 4.841642 5.350353 5.928257 6.553294 7.363829
52 4.214066 4.727108 5.254103 5.841623 6.485525 7.303408 8.190299
53 4.581338 5.129545 5.736424 6.390648 7.220329 8.123028 8.817003
54 4.971016 5.594096 6.275440 7.114592 8.030530 8.744584 9.451363
55 5.414640 6.119570 6.978644 7.912805 8.645008 9.373654 10.124744
Select Mortality by
Policy Year Ultimate Mortality
Issue Age 15 Attained Age Rate
--------- -------- ------------ ----
0 0.290257 15 0.320257
1 0.320257 16 0.341075
2 0.341075 17 0.351075
3 0.351075 18 0.352914
4 0.352914 19 0.366097
5 0.366097 20 0.376279
6 0.376279 21 0.386113
7 0.386113 22 0.396643
8 0.396643 23 0.403188
9 0.403188 24 0.421779
10 0.421779 25 0.426703
11 0.426703 26 0.437233
12 0.437233 27 0.448520
13 0.448520 28 0.459520
14 0.459520 29 0.472747
15 0.472747 30 0.480020
16 0.480020 31 0.485595
17 0.485595 32 0.505095
18 0.505095 33 0.520731
19 0.520731 34 0.542640
20 0.542640 35 0.591913
21 0.591913 36 0.635701
22 0.635701 37 0.704747
23 0.704747 38 0.766051
24 0.766051 39 0.859324
25 0.859324 40 0.949340
26 0.949340 41 1.058659
27 1.058659 42 1.156539
28 1.156539 43 1.272601
29 1.272601 44 1.398784
30 1.398784 45 1.524193
31 1.524193 46 1.663527
32 1.663527 47 1.808603
33 1.808603 48 1.959147
34 1.959147 49 2.127874
35 2.127874 50 2.308114
36 2.308114 51 2.498081
37 2.498081 52 2.716821
38 2.716821 53 2.949227
39 2.949227 54 3.212603
40 3.212603 55 3.487191
41 3.487191 56 3.764976
42 3.764976 57 4.067262
43 4.067262 58 4.406807
44 4.406807 59 4.777853
45 4.777853 60 5.206066
46 5.200860 61 5.661749
47 5.650426 62 6.188160
48 6.169595 63 6.776933
49 6.763379 64 7.552645
50 7.514882 65 8.408932
51 8.358478 66 9.052365
52 8.988998 67 9.713631
53 9.635922 68 10.405698
54 10.312047 69 11.154535
55 11.042990 70 12.047939
40
Schedule 3
Mortality Rates Per Thousand - Variable Life Female
Select Mortality by Policy Year
Issue Age 1 2 3 4 5 6 7
--------- -------- -------- -------- -------- -------- -------- --------
56 1.807188 2.119044 2.851204 3.244162 3.862901 4.501091 5.185678
57 1.936017 2.260692 3.067381 3.508889 4.178371 4.894834 5.658739
58 2.075606 2.417593 3.316264 3.782049 4.535921 5.340223 6.291353
59 2.212146 2.597827 3.578226 4.102750 4.940384 5.921274 6.979413
60 2.347936 2.791242 3.886164 4.459222 5.475668 6.567376 7.486306
61 2.508155 3.007446 4.242360 4.931877 6.062840 7.042740 8.004032
62 2.673285 3.246151 4.690193 5.448988 6.481493 7.518350 8.553484
63 2.866643 3.572401 5.163084 5.820671 6.916105 8.022793 9.135564
64 3.089032 3.935380 5.530995 6.197296 7.367234 8.555528 9.831118
65 3.388799 4.182193 5.886460 6.586807 7.852793 9.204626 10.623576
66 3.575684 4.429416 6.253824 7.005048 8.433557 9.944085 11.619873
67 3.768889 4.661753 6.659257 7.505866 9.094722 10.846170 12.820995
68 3.964571 4.930304 7.132380 8.075486 9.914861 11.964147 14.257797
69 4.171796 5.252901 7.683472 8.797290 10.916887 13.284870 15.904428
70 4.433642 5.631933 8.353127 9.663349 12.099669 14.815084 18.028100
71 4.717234 6.089329 9.187322 10.684503 13.468258 16.766133 20.377296
72 5.072053 6.648511 10.171505 11.883757 15.233744 18.921775 22.945798
73 5.521914 7.323484 11.289569 13.408399 17.159828 21.300628 25.780191
74 6.032145 8.100761 12.754881 15.091456 19.280243 23.894628 28.881203
75 6.654904 9.104190 14.350928 16.913506 21.618949 26.760811 32.335269
76 7.414056 10.163112 16.105353 18.920644 24.165158 29.914227 36.124105
77 8.273489 11.343017 17.977863 21.130804 26.959736 33.409045 40.335651
78 9.178319 12.613763 20.034050 23.512829 30.095751 37.244797 44.860862
79 10.175536 14.001900 22.322825 26.184224 33.484257 41.410027 49.771141
80 11.223455 15.511081 24.895721 29.105547 37.211510 45.868776 58.827795
81 13.377281 18.085062 27.663148 32.840452 44.013554 58.827795 78.172371
82 17.624882 23.902608 32.322827 43.565741 58.473411 78.172371 85.831535
83 23.129895 31.575145 42.862036 58.048150 78.172371 85.831535 93.845671
84 30.309839 41.774492 57.268504 78.172371 85.831535 93.845671 104.377795
85 39.599404 55.780090 78.172371 85.831535 93.845671 104.377795 115.585735
86 51.456602 78.172371 85.831535 93.845671 104.377795 115.585735 121.280445
87 78.172371 85.831535 93.845671 104.377795 115.585735 121.280445 129.719944
88 85.831535 93.845671 104.377795 115.585735 121.280445 129.719944 143.103925
89 93.845671 104.377795 115.585735 121.280445 129.719944 143.103925 164.645436
90 104.377795 115.585735 121.280445 129.719944 143.103925 164.645436 193.457709
91 115.585735 121.280445 129.719944 143.103925 164.645436 193.457709 224.511264
92 121.280445 129.719944 143.103925 164.645436 193.457709 224.511264 263.331112
93 129.719944 143.103925 164.645436 193.457709 224.511264 263.331112 309.919361
94 143.103925 164.645436 193.457709 224.511264 263.331112 309.919361 1000.000000
95 164.645436 193.457709 224.511264 263.331112 309.919361 1000.000000 1000.000000
96 193.457709 224.511264 263.331112 309.919361 1000.000000 1000.000000 1000.000000
97 224.511264 263.331112 309.919361 1000.000000 1000.000000 1000.000000 1000.000000
98 263.331112 309.919361 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
99 309.919361 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
Select Mortality by Policy Year
Issue Age 8 9 10 11 12 13 14
--------- -------- -------- -------- -------- -------- -------- --------
56 5.916262 6.804933 7.761444 8.509223 9.266804 10.031093 10.853362
57 6.578354 7.559629 8.346280 9.121099 9.916630 10.752972 11.710597
58 7.307362 8.129024 8.936540 9.760545 10.619117 11.602165 12.701250
59 7.848400 8.703413 9.562836 10.451799 11.469638 12.583646 13.912327
60 8.392577 9.302694 10.239863 11.276871 12.426840 13.783376 15.407409
61 8.969712 9.949845 11.035912 12.217766 13.611442 15.248733 17.158887
62 9.592900 10.734714 11.956423 13.382197 15.058322 16.999681 19.212074
63 10.337132 11.616678 13.095640 14.804441 16.769716 19.014011 21.836536
64 11.185463 12.708789 14.487090 16.486683 18.776336 21.633720 24.743859
65 12.235970 14.058666 16.115202 18.439630 21.340763 24.488505 27.967897
66 13.519168 15.637584 18.023698 20.957666 24.156544 27.679271 31.469388
67 15.018449 17.488929 20.484429 23.722441 27.304056 31.144291 35.388613
68 16.775904 19.853445 23.186196 26.784529 30.721665 34.986470 39.680463
69 19.042181 22.445668 26.149551 30.136490 34.511209 39.270117 44.499375
70 21.526391 25.341397 29.421277 33.889715 38.695633 43.993178 49.814272
71 24.273479 28.478496 33.048870 37.998044 43.394944 49.247615 57.513926
72 27.275637 31.988674 37.054248 42.566621 48.526416 57.513926 63.973188
73 30.599452 35.823210 41.462189 47.599159 57.513926 63.973188 70.876862
74 34.263895 40.081650 46.362818 53.085354 63.973188 70.876862 78.172371
75 38.332968 44.817390 51.705020 63.973188 70.876862 78.172371 85.831535
76 42.808335 49.922088 57.447923 70.876862 78.172371 85.831535 93.845671
77 47.679045 55.464754 70.876862 78.172371 85.831535 93.845671 104.377795
78 52.969800 70.876862 78.172371 85.831535 93.845671 104.377795 115.585735
79 58.544288 78.172371 85.831535 93.845671 104.377795 115.585735 121.280445
80 78.172371 85.831535 93.845671 104.377795 115.585735 121.280445 129.719944
81 85.831535 93.845671 104.377795 115.585735 121.280445 129.719944 143.103925
82 93.845671 104.377795 115.585735 121.280445 129.719944 143.103925 164.645436
83 104.377795 115.585735 121.280445 129.719944 143.103925 164.645436 193.457709
84 115.585735 121.280445 129.719944 143.103925 164.645436 193.457709 224.511264
85 121.280445 129.719944 143.103925 164.645436 193.457709 224.511264 263.331112
86 129.719944 143.103925 164.645436 193.457709 224.511264 263.331112 309.919361
87 143.103925 164.645436 193.457709 224.511264 263.331112 309.919361 1000.000000
88 164.645436 193.457709 224.511264 263.331112 309.919361 1000.000000 1000.000000
89 193.457709 224.511264 263.331112 309.919361 1000.000000 1000.000000 1000.000000
90 224.511264 263.331112 309.919361 1000.000000 1000.000000 1000.000000 1000.000000
91 263.331112 309.919361 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
92 309.919361 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
93 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
94 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
95 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
96 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
97 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
98 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
99 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000 1000.000000
Select Mortality by
Policy Year Ultimate Mortality
Issue Age 15 Attained Age Rate
--------- -------- ------------ ----
56 11.879268 71 13.067129
57 12.831921 72 14.327834
58 14.012621 73 15.867568
59 15.518482 74 17.689574
60 17.300404 75 19.806262
61 19.350718 76 22.535125
62 22.016817 77 25.535458
63 24.948143 78 28.862639
64 28.169936 79 32.509698
65 31.729466 80 36.558485
66 35.681081 81 41.034605
67 40.008740 82 46.017968
68 44.867519 83 51.514242
69 50.226386 84 57.513926
70 57.513926 85 63.973188
71 63.973188 86 70.876862
72 70.876862 87 78.172371
73 78.172371 88 85.831535
74 85.831535 89 93.845671
75 93.845671 90 104.377795
76 104.377795 91 115.585735
77 115.585735 92 121.280445
78 121.280445 93 129.719944
79 129.719944 94 143.103925
80 143.103925 95 164.645436
81 164.645436 96 193.457709
82 193.457709 97 224.511264
83 224.511264 98 263.331112
84 263.331112 99 309.919361
85 309.919361 100 1000.000000
86 1000.000000
87 1000.000000
88 1000.000000
89 1000.000000
90 1000.000000
91 1000.000000
92 1000.000000
93 1000.000000
94 1000.000000
95 1000.000000
96 1000.000000
97 1000.000000
98 1000.000000
99 1000.000000