EXHIBIT (G)(1)
REINSURANCE AGREEMENT
[THE REGISTRANT HAS APPLIED FOR CONFIDENTIAL TREATMENT OF CERTAIN TERMS IN THIS
EXHIBIT WITH THE SECURITIES AND EXCHANGE COMMISSION. THE CONFIDENTIAL PORTIONS
OF THIS EXHIBIT ARE MARKED WITH AN ASTERISK [*] AND HAVE BEEN OMITTED. THE
OMITTED PORTIONS OF THIS EXHIBIT HAVE BEEN FILED SEPARATELY WITH THE SECURITIES
AND EXCHANGE COMMISSION PUSRSUANT TO A CONFIDENTIAL TREATMENT REQUEST.]
AUTOMATIC YEARLY RENEWABLE TERM
REINSURANCE AGREEMENT
EFFECTIVE DECEMBER 1, 2008
BETWEEN
AMERITAS LIFE INSURANCE CORPORATION
LINCOLN, NEBRASKA
- AND -
THE CANADA LIFE ASSURANCE COMPANY
▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇
Agreement Ref. QARYR1-0812
TABLE OF CONTENTS
SECTION 1. BASIS OF AGREEMENT..............................................1
SECTION 2. REPRESENTATIONS AND WARRANTIES AND MATERIAL CHANGES.............2
SECTION 3. AUTOMATIC REINSURANCE...........................................3
SECTION 4. FACULTATIVE REINSURANCE.........................................4
SECTION 5. CONDITIONAL RECEIPT AND/OR TEMPORARY INSURANCE..................4
SECTION 6. RETAINED AMOUNTS................................................5
SECTION 7. COMMENCEMENT AND TERMINATION OF REINSURANCE LIABILITY...........5
SECTION 8. ENTIRE AGREEMENT................................................6
SECTION 9. REPORTING OF REINSURANCE........................................6
SECTION 10. FINANCIAL STATEMENT ACCOUNTING..................................6
SECTION 11. REINSURANCE BASIS AND AMOUNT AT RISK............................6
SECTION 12. REINSURANCE RESERVES............................................7
SECTION 13. REINSURANCE PREMIUMS............................................7
SECTION 14. ACCOUNTS........................................................8
SECTION 15. POLICY FEES.....................................................9
SECTION 16. PREMIUM TAX.....................................................9
SECTION 17. CURRENCY........................................................9
SECTION 18. POLICY CHANGES..................................................9
SECTION 19. TERMINATION OF REINSURANCE.....................................11
SECTION 20. REINSTATEMENTS.................................................11
SECTION 21. EXTENDED TERM INSURANCE........................................12
SECTION 22. REDUCED PAID-UP INSURANCE......................................12
SECTION 23. RETENTION LIMIT CHANGES........................................12
SECTION 24. RECAPTURE OF REINSURANCE.......................................13
SECTION 25. ERRORS AND OMISSIONS...........................................14
SECTION 26. LATE REPORTING OF INFORCE AND/OR TRANSACTION FILES.............16
SECTION 27. POLICY RESCISSION..............................................16
SECTION 28. SETTLEMENT OF CLAIMS...........................................16
SECTION 29. ARBITRATION....................................................19
SECTION 30. INSOLVENCY.....................................................21
SECTION 31. INSPECTION OF RECORDS..........................................22
SECTION 32. DURATION OF AGREEMENT..........................................22
SECTION 33. ASSUMPTION REINSURANCE.........................................22
SECTION 34. FEDERAL TAXES..................................................22
SECTION 35. CONFIDENTIALITY................................................23
SECTION 36. SEVERABILITY...................................................24
SECTION 37. COMPLIANCE.....................................................24
SECTION 38. OFFSET.........................................................25
SECTION 39. NON-WAIVER.....................................................25
SECTION 40. EFFECTIVE DATE.................................................26
SECTION 41. PARTIES TO THE AGREEMENT.......................................26
SECTION 42. EXECUTION OF AGREEMENT.........................................27
EXHIBITS
EXHIBIT 1. REINSURANCE SPECIFICATIONS
EXHIBIT 2. THE CEDING COMPANY'S RETENTION
EXHIBIT 3. THE REINSURER'S AUTOMATIC PARTICIPATION LIMITS AND AUTOMATIC POOL
BINDING LIMITS
EXHIBIT 4. APPLICATION FOR REINSURANCE
EXHIBIT 5. DEATH CLAIM FORM
EXHIBIT 6. SELF ADMINISTRATION REPORTING REQUIREMENTS
EXHIBIT 7. SELF ADMINISTRATION SUMMARY
EXHIBIT 8. REINSURANCE RATES
EXHIBIT 9. CONDITIONAL RECEIPT AND/OR TEMPORARY INSURANCE AGREEMENT
EXHIBIT 10. PREFERRED CRITERIA AND AGE AND AMOUNT REQUIREMENTS
THIS AGREEMENT, effective on the date provided herein, is made and entered into
by and between:
AMERITAS LIFE INSURANCE CORPORATION
a corporation organized under the laws of the State of Nebraska,
(hereinafter referred to as "the Ceding Company")
- and -
THE CANADA LIFE ASSURANCE COMPANY
a corporation organized under the laws of the Dominion of Canada,
(hereinafter referred to as "the Reinsurer").
WHEREAS the Ceding Company is authorized to conduct the business of life
insurance and is desirous of obtaining certain reinsurance facilities,
AND WHEREAS the Reinsurer is authorized to reinsure such business,
AND WHEREAS the parties hereto have agreed to enter into an arrangement wherein
the Ceding Company shall obtain the desired reinsurance from the Reinsurer,
NOW THEREFORE THIS INDENTURE WITNESSETH that in consideration of the mutual
covenants, promises and payments herein stated, the Ceding Company and the
Reinsurer hereby agree as follows.
SECTION 1. BASIS OF AGREEMENT
------------------
The reinsurance facilities provided under this Agreement apply only to the
business set out in Exhibit 1, Reinsurance Specifications.
All matters with respect to this Agreement require the utmost good faith of both
parties.
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SECTION 2. REPRESENTATIONS AND WARRANTIES AND MATERIAL CHANGES
---------------------------------------------------
Each party represents and warrants to the other party that it is in compliance
with all material applicable legislation and regulations, including without
limitation, those relating to solvency, reserves and capitalization.
The Reinsurer has entered into this Agreement in reliance upon the Ceding
Company's representations and warranties.
The Ceding Company represents and warrants to the Reinsurer that it has provided
the Reinsurer with all material information necessary with which to base
coverage of the business reinsured hereunder which may include, but not be
limited to, the following:
- appropriate policy forms, contractual provisions, options, rate manuals,
- application forms,
- underwriting evidence age and amount requirements and preferred criteria
(outlined in Exhibit 10),
- exception guidelines,
- underwriting guidelines and underwriting manual(s) of record,
- X factors (if applicable),
- retention and automatic binding schedules,
- reinstatement procedures,
- distributions by risk categories,
- conditional receipt and temporary insurance agreement conditions.
Without limiting the foregoing, should the Ceding Company engage in exceptional
or uncustomary practices or subsequent material changes are made to such
information provided to the Reinsurer for the business inforce, or for new
business, the Ceding Company will inform the Reinsurer of such changes or action
for its consideration and written approval.
The Ceding Company affirms that it shall apply its standard underwriting,
administration and claims practices to the business reinsured under this
Agreement.
The Ceding Company shall notify the Reinsurer of a change in the Ceding
Company's ownership or control.
The Ceding Company shall ensure that its practice and applicable forms are in
compliance with current Medical Information Bureau (MIB) guidelines and that all
business reinsured hereunder is queried against MIB and appropriate action is
taken on all MIB matches (including any follow-up hits/tries).
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If the Reinsurer has not consented in writing its acceptance of any variation of
the foregoing, the Reinsurer reserves the right to decline reinsurance coverage
on such policies and/or negotiate a corresponding adjustment of the reinsurance
terms and conditions for the risks reinsured hereunder.
SECTION 3. AUTOMATIC REINSURANCE
---------------------
The Ceding Company will automatically cede to the Reinsurer a portion of the
life insurance policies and supplementary benefits and riders attached to the
base policies as listed in Exhibit 1, Reinsurance Specifications, subject to the
terms and exclusions, if any, as set out in Exhibit 1.
The Reinsurer will automatically accept its share of the above-referenced
policies up to the limits shown in Exhibit 3, The Reinsurer's Automatic
Participation Limits, provided that:
(a) The Ceding Company keeps its full retention, as set out in Exhibit 2, The
Ceding Company's Retention, or otherwise holds its full retention on a life
under previously issued inforce policies.
(b) The Ceding Company is in compliance with Section 2, Representations and
Warranties and Material Changes, for the plans listed in Exhibit 1,
Reinsurance Specifications.
(c) The issue age falls within those shown in Exhibit 1, Reinsurance
Specifications, and the mortality rating on each individual risk does not
exceed the maximum mortality rating or its equivalent on a flat extra
premium basis rating set out in Exhibit 3, The Reinsurer's Automatic
Participation Limits/Automatic Pool Binding Limits.
(d) The total of the new ultimate amount of reinsurance required including
contractual increases and the amount already reinsured on that life, under
this Agreement and all other agreements between the Reinsurer and the
Ceding Company, does not exceed the Reinsurer's Automatic Participation
Limits set out in Exhibit 3, The Reinsurer's Automatic Participation
Limits.
(e) The Jumbo Limit amount, as set out in Exhibit 1, Reinsurance
Specifications, is not exceeded.
(f) The application is on a life for which the risk has not been submitted by
the Ceding Company on a facultative basis to the Reinsurer within the last
five (5) years, unless the reason for the original facultative submission
was capacity which may now be accommodated under the terms of the
Agreement.
(g) The policy has been issued in accordance with the Ceding Company's
standard underwriting and administration practices.
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For greater clarity, to the extent any of the foregoing conditions are not met,
there shall be no automatic reinsurance of the proposed business under this
Section and no action or notification by the Reinsurer shall be required to give
effect to this.
SECTION 4. FACULTATIVE REINSURANCE
-----------------------
The Ceding Company may submit any application on a plan or rider identified in
Exhibit 1, Reinsurance Specifications, to the Reinsurer for its consideration on
a facultative basis.
The Ceding Company will apply for reinsurance on a facultative basis by sending
to the Reinsurer an Application for Facultative Reinsurance, providing the
information outlined in Exhibit 4, Application for Reinsurance. Accompanying
this Application will be copies of all underwriting evidence that is available
for risk assessment including, but not limited to, copies of the application for
insurance, medical examiners' reports, attending physicians' statements,
inspection reports, and any other information pertaining to the insurability of
the risk. The Ceding Company also will notify the Reinsurer of any outstanding
underwriting requirements at the time of the facultative submission. Any
subsequent information received by the Ceding Company that is pertinent to the
risk assessment will be immediately transmitted to the Reinsurer. Failure to
provide the information as outlined above to the Reinsurer will negate any
facultative reinsurance offer.
After consideration of the Application for Facultative Reinsurance and related
information, the Reinsurer will promptly inform the Ceding Company of its
underwriting decision. The Reinsurer's offer will expire at the end of one
hundred and twenty (120) days from the date of receipt of the Application,
unless otherwise specified by the Reinsurer.
If the underwriting decision is acceptable, the Ceding Company will notify the
Reinsurer in writing of its acceptance of the offer.
The relevant terms and conditions of this Agreement will apply to those
facultative offers made by the Reinsurer and accepted by the Ceding Company in
accordance with this Section 4, Facultative Reinsurance and the Ceding Company's
Facultative Placement Rules defined as first in, best offer or equal share
subject to reinsurance pricing.
Reservation of facilities in no way implies any acceptance of risk by the
Reinsurer.
SECTION 5. CONDITIONAL RECEIPT AND/OR TEMPORARY INSURANCE
----------------------------------------------
Reinsurance coverage under a Conditional Receipt or Temporary Insurance
Agreement is limited to the Reinsurer's share of amounts within the Conditional
Receipt or Temporary Insurance Agreement specified in Exhibit 9. The Reinsurer
will accept liability provided that:
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(a) The Reinsurer has reviewed and approved the Conditional Receipt form or
Temporary Insurance Agreement.
(b) The risk is eligible for Automatic reinsurance under this Agreement or the
Reinsurer has made a facultative offer during the lifetime of the insured
and the Ceding Company would have accepted that offer based on the
allocation rules for placement of facultative cases in Section 4,
Facultative Reinsurance.
(c) The Ceding Company, its agents or representatives have followed its normal
cash with application procedures for such coverage.
SECTION 6. RETAINED AMOUNTS
----------------
The Ceding Company may not reinsure its retention without the prior written
approval from the Reinsurer on inforce blocks of business to non-affiliates if:
(a) The amount to be reinsured is greater than or equal to ninety percent
(90%) of the Ceding Company's retention.
(b) The reasons for reinsuring the retained amount have not been discussed at
length with the Reinsurer.
SECTION 7. LIABILITY
---------
(a) AUTOMATIC REINSURANCE
The liability of the Reinsurer shall commence simultaneously with that of
the Ceding Company.
The liability of the Reinsurer shall cease when the liability of the Ceding
Company ceases.
(b) FACULTATIVE REINSURANCE
The liability of the Reinsurer shall commence when the Reinsurer has received
written notification during the lifetime of the insured that its offer has been
accepted by the Ceding Company in accordance with Section 4, Facultative
Reinsurance.
The liability of the Reinsurer shall cease when the liability of the Ceding
Company ceases.
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SECTION 8. ENTIRE AGREEMENT
----------------
This Agreement constitutes the entire agreement between the parties with respect
to the business reinsured hereunder. There are no understandings between the
parties other than as expressed in this Agreement. Any change or modification to
this Agreement will be null and void unless made by amendment to this Agreement
and signed by both parties.
SECTION 9. REPORTING OF REINSURANCE
------------------------
On a monthly basis, the Ceding Company shall send to the Reinsurer a statement,
together with its remittance, covering:
(a) All outstanding new reinsurance for which acceptance has been sent,
(b) Renewal reinsurance premiums for all policies with anniversary dates
within such month, together with any adjustments in reinsurance premiums,
and
(c) Any change to the policy status.
All automatic and facultative reinsurance ceded in accordance with this
Agreement shall be on a self-administered reporting basis as outlined in Exhibit
6, Self Administration Reporting Requirements.
The Ceding Company shall have the responsibility of maintaining adequate records
for the administration of that portion of the reinsurance account and shall
report business to the Reinsurer in accordance with requirements as outlined in
Exhibit 6, Self Administration Reporting Requirements.
SECTION 10. FINANCIAL STATEMENT ACCOUNTING
------------------------------
Each party to this Agreement acknowledges to the other that it is responsible
for ensuring that the accounting and tax treatment it has adopted for this
Agreement and the transactions contemplated thereunder, complies with all
relevant accounting, tax and regulatory standards applicable to it. Each party
must consult with its own accounting, tax and legal advisers to determine the
proper accounting, tax and regulatory treatment for this Agreement and the
transactions contemplated hereunder.
SECTION 11. REINSURANCE BASIS AND AMOUNT AT RISK
------------------------------------
Reinsurance ceded under this Agreement shall be on what is commonly known as the
Yearly Renewable Term basis. The amount of reinsurance coverage shall be based
upon the net amount
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at risk, that is, the face amount less a fund that represents the savings
element in the policy. Basic policies and riders are included in determining the
net amount at risk. The overriding principle involved is that the Ceding Company
shall maintain a level retention at all times.
Amounts at risk shall be calculated as follows.
(a) For the Ceding Company's term plans, the amount at risk applicable to each
policy year shall be the reinsured portion of the face amount applicable at
the beginning of the policy year.
(b) For the Ceding Company's non-term plans, the net amount at risk applicable
to each policy year shall be the death benefit reinsured less the cash
value of the portion reinsured.
SECTION 12. REINSURANCE RESERVES
--------------------
The Reinsurer will hold, and the Ceding Company will take credit for, statutory
reserves for the proportion of each policy reinsured on a 1/2 Cx basis using the
2001 CSO ANB Select and Ultimate Sex and Smoker Distinct tables and the
prevailing statutory interest rate.
SECTION 13. REINSURANCE PREMIUMS
--------------------
(a) ANNUAL REINSURANCE PREMIUMS
Reinsurance premiums shall be paid annually in advance on a policy year
basis irrespective of the method of payment of premium on the policy. The
Ceding Company will pay the Reinsurer the percentages of the premium rates
shown in Exhibit 8, Reinsurance Rates.
(b) MORTALITY EXTRAS
Mortality extras shall be calculated as set out in Exhibit 8, Reinsurance
Rates.
(c) FLAT EXTRA REINSURANCE PREMIUMS
Flat extra reinsurance premiums shall be calculated as set out in Exhibit
8, Reinsurance Rates.
(d) RATE GUARANTEE PERIOD
Reinsurance premium rates are guaranteed for a period of one (1) year.
(e) ACCIDENTAL DEATH BENEFIT
This benefit shall not be reinsured under this Agreement.
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(f) TOTAL DISABILITY BENEFIT RIDER
This benefit shall be reinsured on a coinsurance basis at the rates of
premium charged as per Exhibit 8, Reinsurance Rates.
SECTION 14. ACCOUNTS
--------
(a) REINSURANCE PREMIUMS
The reinsurance premiums are due on the policy commencement date in the first
year and on the anniversary date thereafter. The Ceding Company shall remit the
reinsurance premiums due the Reinsurer within thirty (30) days following the
month in which the policy commencement date or anniversary date occurred.
In the event that a reinsurance premium is not paid by the Ceding Company to the
Reinsurer within the thirty-day (30-day) period, the reinsurance shall continue
in force except as provided in (b) below and the Ceding Company shall pay to the
Reinsurer the overdue reinsurance premium together with interest at the same
rate as paid by the Ceding Company on delayed payment of claims, compounded
annually from the due date of payment.
Any outstanding balances due from the Reinsurer to the Ceding Company shall be
treated similarly.
Any reinsurance premium payment or reinsurance premium refund is calculated as
of the day of the month in which it actually falls.
(b) NON-PAYMENT OF REINSURANCE PREMIUMS
When the reinsurance premiums are unpaid after the thirty-day (30-day) period,
the Reinsurer may give the Ceding Company notice that the reinsurance coverage
shall terminate if the overdue reinsurance premiums with interest are not paid
within sixty (60) days from the remittance due date.
Notwithstanding such termination, the Ceding Company shall remain liable for the
outstanding reinsurance premiums, plus interest to the date of payment.
The Ceding Company will not force termination under the provisions of this
Section solely to avoid the provisions regarding recapture in Section 24,
Recapture of Reinsurance, or to transfer the reinsured policies to another
reinsurer.
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SECTION 15. POLICY FEES
-----------
There shall be no policy fees payable under this Agreement.
SECTION 16. PREMIUM TAX
-----------
The Reinsurer shall reimburse the Ceding Company, if applicable, for its share
of the premium tax that the Ceding Company is required to pay on business
reinsured under this Agreement, in the manner set out in Exhibit 1, Reinsurance
Specifications.
SECTION 17. CURRENCY
--------
Reinsurance shall be in the same currency as the Ceding Company policy unless
otherwise agreed upon between the Ceding Company and the Reinsurer as set out in
Exhibit 1, Reinsurance Specifications.
SECTION 18. POLICY CHANGES
--------------
If any non-contractual change that changes the scheduled amounts of reinsurance
or improves or extends the terms of coverage is made on a policy reinsured on an
automatic basis or if any change is made to a policy reinsured on a facultative
basis, the Reinsurer must give its consent thereto.
Policy changes shall be treated as follows:
(a) INCREASE IN AMOUNT AT RISK
(i) Non-contractual Increases
If the amount of insurance is increased as a result of a
non-contractual change, the increase will be underwritten by the
Ceding Company in accordance with its customary standards and
procedures and will be considered new reinsurance under this
Agreement. The Reinsurer's approval is required if the new amount will
cause the reinsured amount on the life to exceed either the Automatic
Binding Limits shown in Exhibit 3, The Reinsurer's Automatic
Participation Limits and Automatic Pool Binding Limits, or the Jumbo
Limits shown in Exhibit 1, Reinsurance Specifications, or, if the
original policy was reinsured on a facultative basis.
(ii) Contractual Increases
For policies reinsured on an automatic basis, reinsurance of increases
in amount resulting from contractual policy provisions will be
accepted only up to the Automatic Binding
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Limits shown in Exhibit 3, The Reinsurer's Automatic Participation
Limits and Automatic Pool Binding Limits.
For policies reinsured on a facultative basis, reinsurance will be
limited to the ultimate amount shown in the Reinsurer's facultative
offer.
Reinsurance premiums for contractual increases will be on a point-in-
scale basis from the original issue age of the policy.
(b) DECREASE IN AMOUNT AT RISK
If the policy is reduced in amount, the net amount at risk reinsured shall
be reduced as of the same date and in the same proportion as the original
terms.
Any contractual decrease in risk shall be treated in accordance with
Section 11, Reinsurance Basis and Amount at Risk.
(c) REDUCTION IN MORTALITY RATING
If, following the consideration of new underwriting evidence, the Ceding
Company makes a reduction in the mortality rating of the policy and the
policy was initially ceded to the Reinsurer on an automatic basis, the same
reduction shall be made in the reinsurance coverage.
If the policy was initially ceded to the Reinsurer on a facultative basis
and if, following the consideration of new underwriting evidence, the
Ceding Company can accept or place the policy at a lower mortality rating
than that of the Reinsurer, then the Ceding Company shall have the right to
terminate the reinsurance.
The Ceding Company shall, before such termination, afford the Reinsurer the
opportunity to quote a new rating and shall always attempt to maintain the
existing reinsurance.
(d) PLAN CHANGES
On any plan change, the Reinsurer shall attempt to provide reasonable
reinsurance terms for the new plan which take into account any new evidence
received, new commissions paid and expenses incurred by the Ceding Company.
(e) TERM CONVERSIONS
If the policy is on a term plan reinsured under this reinsurance agreement
with the Reinsurer and is converted, then the reinsurance shall continue on
the YRT reinsurance rates as per Exhibit 8, Reinsurance Rates. The
reinsurance premium and any allowance and any extra or benefit reinsurance
premiums and allowances under Section 13, Reinsurance Premiums, shall
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be on a point-in-scale basis from the original issue age and on the
duration in completed years of the term policy at the date of conversion.
The amount to be reinsured will be determined on the same basis as used for
the original policy (e.g. excess of retention, quota share) but will not
exceed the amount reinsured as of the date of conversion unless mutually
agreed otherwise. The Reinsurer does not support conversions to permanent
plans under this Agreement where it is not the original reinsurer.
SECTION 19. TERMINATION OF REINSURANCE
--------------------------
If the policy is terminated by death, lapse, surrender or otherwise, the
reinsurance shall terminate on the same date. If reinsurance premiums have been
paid on the reinsurance for a period beyond the date of termination, there shall
be a refund of prepaid reinsurance premium, without interest, in respect to that
period.
If the policy continues in force without payment of premium during any days of
grace or pending its surrender, whether such continuance be as a result of a
policy provision or of a practice of the Ceding Company, the reinsurance shall
continue with payment of reinsurance premium and shall terminate on the same
date as the Ceding Company's risk terminates.
If the policy continues in force because of the operation of an automatic
premium loan provision or other such provision by which the Ceding Company
receives compensation for its risk, then the reinsurance shall also continue and
the Ceding Company shall pay to the Reinsurer the reinsurance premium for the
period to the date of cancellation.
SECTION 20. REINSTATEMENTS
--------------
If the policy was reinsured on an automatic basis and an application is made by
the Policyholder for reinstatement in accordance with the terms of the policy,
the reinsurance cession shall be reinstated automatically and the Ceding Company
shall not be required to forward any documents to the Reinsurer.
Whenever an application is made by the Policyholder for reinstatement in
accordance with the terms of the policy and the policy was originally reinsured
facultatively, and when the reinstatement occurs ninety (90) days or more after
the policy has lapsed, copies of such application for reinstatement, any
personal declaration or medical examination and any other underwriting document
shall be forwarded by the Ceding Company to the Reinsurer together with an
application for reinstatement of the reinsurance.
The Reinsurer shall notify the Ceding Company promptly of its acceptance or
declination of the application for reinstatement.
The Reinsurer reserves the right to request papers on any reinstatement.
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Reinsurance premiums shall be paid to the Reinsurer for whatever time period is
covered by the premiums received by the Ceding Company. The Reinsurer shall
receive interest on these reinsurance premiums for the same period and at the
same rate as premiums collected by the Ceding Company on the policy. In the
event that the policy is redated, the reinsurance premiums payable shall be at
the appropriate policy year rate.
When a policy is reinstated by the Ceding Company, the reinsurance coverage
shall be reconstructed in a like manner with respect to dating, coverage and
payment of all reinsurance premiums in arrears from the date of lapse including
any interest accrued thereon, provided the treatment of these falls within the
Ceding Company's normal rules. The Reinsurer will have no liability for any
claims incurred between the date of termination and the date of the
reinstatement of the reinsurance.
SECTION 21. EXTENDED TERM INSURANCE
-----------------------
If the policy is changed to Extended Term Insurance, any reduction shall be
applied against the reinsured amount and the balance of any reinsurance shall
continue on a YRT basis. The amount so calculated shall, however, be reduced by
that proportion of any cash value provided under the Extended Term benefit that
relates to the reinsured portion of the policy. YRT premiums as per Exhibit 8,
Reinsurance Rates, at point in scale, shall be paid to the Reinsurer and any
extra premiums shall continue to be payable as described in Section 13,
Reinsurance Premiums.
SECTION 22. REDUCED PAID-UP INSURANCE
-------------------------
If the policy is changed to Reduced Paid-Up, the reduction shall be applied
against the reinsured amount and the balance of any reinsurance shall continue
on a YRT basis. YRT premiums as per Exhibit 8, Reinsurance Rates, shall continue
to be paid to the Reinsurer at point in scale and any extra premiums shall
continue to be payable as described in Section 13, Reinsurance Premiums.
SECTION 23. RETENTION LIMIT CHANGES
-----------------------
If the Ceding Company changes its Maximum Limits of Retention as shown in
Exhibit 2, The Ceding Company's Retention, it will provide the Reinsurer with
written notice of the intended changes thirty (30) days in advance of their
effective date.
A change to the Ceding Company's maximum retention limits will not affect the
reinsured policies in force except as specifically provided elsewhere in this
Agreement. Furthermore, unless agreed between the parties, an increase in the
Ceding Company's retention schedule will not effect an increase in the total
risk amount that it may automatically cede to the Reinsurer.
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SECTION 24. RECAPTURE OF REINSURANCE
------------------------
Whenever the Ceding Company increases its maximum limits of retention over the
Ceding Company's Maximum Limits of Retention set forth in Exhibit 2, the Ceding
Company has the option to recapture certain risk amounts. If the Ceding Company
has maintained its maximum stated retention (not a special retention limit) for
the plan and the insured's issue age, sex, and mortality classification, it may
apply its increased retention limits to reduce the amount of reinsurance in
force as follows:
The Reinsurer shall permit the Ceding Company to recapture all or part of such
existing reinsurance cessions provided:
(a) The Ceding Company must give the Reinsurer written notification of its
intent to recapture within ninety (90) days of the effective date of such
increase in retention.
(b) The increase in retention must not be the result of an acquisition or
merger by or with another company.
(c) It is understood that the Ceding Company will not re-cede the business
once it has been recaptured for a period of at least 3 years.
(d) The reduction of reinsurance on affected policies will become effective on
the policy anniversary date immediately following the notice of election to
recapture; however, no reduction will be made until a policy has been in
force for at least 20 years.
(e) If any reinsured policy is recaptured, all reinsured policies eligible for
recapture under the provisions of this Section must be recaptured up to the
Ceding Company's new maximum retention limits in a consistent manner and
the Ceding Company must increase its total amount of insurance on each
reinsured life. The Ceding Company may not revoke its election to recapture
for policies becoming eligible at future anniversaries.
(f) If portions of the reinsured policy have been ceded to more than one
reinsurer, the Ceding Company must allocate the reduction in reinsurance so
that the amount reinsured by each reinsurer after the reduction is
proportionately the same as if the new maximum dollar retention limits had
been in effect at the time of issue.
(g) The amount of reinsurance eligible for recapture is based on the current
amount at risk as of the date of recapture. For a policy issued as a result
of a conversion, the recapture terms of the reinsurance agreement covering
the original policy will apply, and the duration period for the purpose of
recapture will be measured from the effective date of the reinsurance on
the original policy.
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(h) After the effective date of recapture, the Reinsurer will not be liable
for any reinsured policies or portions of such reinsured policies eligible
for recapture that the Ceding Company has overlooked.
(i) The terms and conditions for the Ceding Company to recapture reinsured
policies, as a result of the insolvency of the Reinsurer, are set forth in
Section 30.
(j) No recapture will be permitted if the Ceding Company has either obtained
or increased stop loss reinsurance coverage as justification for the
increase in retention limits.
(k) Trivial Amounts: The Ceding Company shall recapture all cessions on the
first policy anniversary following the reduction of the amount at risk to
less than the Trivial Amount set forth in Exhibit 1, Reinsurance
Specifications.
(l) Cessions Under Waiver of Premium Claim: If there is a reinsured waiver of
premium claim in effect when recapture takes place, the Reinsurer will
continue to pay its share of the waiver claim until it terminates. The
Reinsurer will not be liable for any other benefits, including the basic
life risk that is eligible for recapture. All such eligible benefits will
be recaptured as if there were no waiver claim in effect.
The following shall not apply to cessions recaptured due to falling below a
Trivial Amount if provided for under this Agreement.
Upon recapture, the Reinsurer shall transfer to the Ceding Company an amount
equal to the present value of future net cash flows due to the Reinsurer on the
cessions to be recaptured ("Regular Recapture Amount"). In the event that the
Regular Recapture Amount is positive, the transfer shall be made from the Ceding
Company to the Reinsurer.
The Regular Recapture Amount shall be calculated by the Reinsurer as of the
effective date of recapture using assumptions for mortality, expenses, lapses,
and interest which were in effect as of the effective date of this Agreement.
These assumptions shall exclude margins for adverse deviations. The Reinsurer
shall notify the Ceding Company of the Regular Recapture Amount after which the
Ceding Company shall have sixty (60) days to agree to the recapture amount.
Failure of the Ceding Company to respond to the Reinsurer within sixty (60) days
of being notified of the Regular Recapture Amount by the Reinsurer will result
in no regular recapture.
SECTION 25. ERRORS AND OMISSIONS
--------------------
Any unintentional or accidental failure to comply with the terms of this
Agreement which can be shown to be the result of an oversight, misunderstanding
or clerical error (collectively referred to as "error" or "errors"), by either
the Ceding Company or the Reinsurer, will not be deemed to be a breach of this
Agreement. Upon discovery, the error will be corrected so that both parties are
restored to the position they would have occupied had the error not occurred.
-14-
If it is not possible to restore each party to the position it would have
occupied but for the error, the parties will endeavor in good faith to promptly
resolve the situation in a manner that is fair and reasonable, and most closely
approximates the intent of the parties as evidenced by this Agreement.
The foregoing paragraphs in this Section 25 and the remedies provided therein
will apply only to errors relating to the administration of reinsurance covered
by this Agreement and in no event will relieve the Ceding Company from liability
for the administration of the insurance provided by the Ceding Company to its
insured.
Without limiting the procedures outlined below for "Late Reported Policies", if
either party discovers that the Ceding Company has failed to cede reinsurance
as provided in this Agreement, or failed to comply with its reporting
requirements, the Reinsurer may require the Ceding Company to audit its records
for similar errors. The Ceding Company is expected to correct such errors and to
take the necessary actions to ensure that similar errors do not recur. If the
Reinsurer receives no evidence that the Ceding Company has taken action to
remedy such a situation, the Reinsurer reserves the right to limit its liability
to correctly reported policies only.
Any negligent or deliberate acts or omissions by the Ceding Company regarding
the insurance or reinsurance provided are the responsibility of the Ceding
Company and not that of the Reinsurer.
The provisions in this Errors and Omissions Section shall not apply to the
following circumstances:
- Any claim made for a policy where the Ceding Company's standard
underwriting guidelines in effect at the time of the underwriting of the
policy have not been followed. The Reinsurer will support such claims at
its discretion.
- Any applications for facultative reinsurance for which the Reinsurer has
not received written notification that its offer of facultative reinsurance
has been accepted by the Ceding Company in accordance with Section 7,
Liability, (b) Facultative Reinsurance.
- Any Late Reported Policies. The Reinsurer will not automatically accept
any Late Reported Policies. For the purposes of this Section, a "Late
Reported Policy" means any policy reported to the Reinsurer more than two
(2) years after the policy issue date. The Ceding Company shall submit to
the Reinsurer any such Late Reported Policies it wishes to be ceded
hereunder for approval. The process for Late Reported Policies will be as
follows: the Reinsurer will notify the Ceding Company within a reasonable
time period of the submission of any Late Reported Policies whether it is
able to accept such policies based on criteria such as capacity. If the
Reinsurer is not able to accept such Late Reported Policies, such policies
will not be covered by the terms of this Agreement and no liability will be
incurred on the part of the Reinsurer. In the event the Reinsurer is able
to accept such Late Reported Policies, the Ceding Company agrees to pay
back all premiums plus interest on the next premium accounting statement
upon the acceptance of the risk by the Reinsurer.
-15-
- Any Late Reported Terminations. The Reinsurer will not reimburse premiums
on Late Reported Terminations. A "Late Reported Termination" for the
purposes of this Section means a termination reported more than two (2)
years after the termination date of the policy. The Reinsurer will only
refund two (2) years' premium.
- Policies ceded automatically not in compliance with Section 3, Automatic
Reinsurance.
SECTION 26. LATE REPORTING OF INFORCE AND/OR TRANSACTION FILES
--------------------------------------------------
In addition to the conditions set forth in Section 25, Errors and Omissions, the
Ceding Company's correct and timely reporting of the business reinsured
hereunder, as set forth in this Agreement, is a condition precedent to the
Reinsurer's continued liability of the business reinsured hereunder.
If the business reinsured hereunder or to be reinsured hereunder has not been
reported to the Reinsurer, as set forth in this Agreement, due to a systemic
error of the Ceding Company, the Reinsurer and the Ceding Company will endeavor
in good faith to negotiate a mutually agreeable solution to the situation
including but not limited to modifying the terms of this Agreement accordingly.
SECTION 27. POLICY RESCISSION
-----------------
If, after a policy involving reinsurance has been placed in force, new
information received by the Ceding Company indicates that the policy might be
rescinded, the Ceding Company shall report this information promptly to the
Reinsurer.
Rescission expenses incurred by the Ceding Company's full-time employees,
including any routine investigative costs, shall be borne by the Ceding Company.
Additional costs shall be shared by the Ceding Company and the Reinsurer
proportionately, as long as each has agreed to participate.
It is understood that provisions for policy rescissions that occur after the
death of the reinsured life are covered under subsection (c) of Section 28,
Settlement of Claims.
SECTION 28. SETTLEMENT OF CLAIMS
--------------------
(a) NOTIFICATION
The Ceding Company will notify the Reinsurer immediately upon receiving
notice of any claim involving reinsurance under this Agreement.
Furthermore, it shall report promptly all information related to such
claims as received by the Ceding Company.
-16-
It is understood that the Reinsurer's review will not impair the Ceding
Company's freedom to determine its action on and settlement of a claim. The
Ceding Company agrees that it will use its standard claim practices and
guidelines in the adjudication of all claims on policies reinsured under
this Agreement.
For claims incurred during the contestable period on risks ceded to the
Reinsurer on an automatic basis, and when the amount ceded to all
Reinsurers is greater than the retained amount by the Ceding Company or if
the Ceding Company retained less than its retention as set out in Exhibit
2, the Ceding Company shall submit all papers in connection with the
issuance of the policy and the claim to the Reinsurer for its review. The
parties shall secure mutual agreement before the Ceding Company concedes
liability or makes settlement of any claim on that policy.
For claims incurred during the contestable period on risks ceded to the
Reinsurer on a facultative basis, the Ceding Company shall submit all
papers in connection with the issuance of the policy and the claim to the
Reinsurer for its review. The parties shall secure mutual agreement before
the Ceding Company concedes liability or makes settlement of any claim on
that policy.
The Reinsurer reserves the right to request all papers in connection with
the issuance and claim of any policy at any time.
(b) PAYMENTS
Settlement of the claim under this Agreement shall be made promptly upon
receipt by the Reinsurer of proper claims notice, proper copies of proofs
of claim, completed Reinsurance Death Claim form, in basic accord with
Exhibit 5 and the request for payment from the Ceding Company showing the
amount of the claim paid, any interest paid on such claim by the Ceding
Company, the date of payment and the amount due from the Reinsurer.
If, either by the terms of the contract or by the exercise of an option,
payment under the policy is deferred or made in installments, the Reinsurer
shall nevertheless make payment of its share in one sum.
If Waiver of Premium is reinsured under this Agreement, then, in the event
of a total disability claim, the Ceding Company shall continue to pay to
the Reinsurer the total gross reinsurance premium. The Reinsurer shall pay
to the Ceding Company its share of the gross premium being waived,
including any rider or supplementary benefit gross premiums being waived,
taking into account any fractions of a year for which premiums have been
waived.
If payment under the policy is delayed and interest is allowed on the
proceeds by the Ceding Company, the Reinsurer shall pay interest on the
reinsurance at the same rate and for the same period as the Ceding
Company's current claims practice, not to exceed the ninety-day (90-day)
Treasury ▇▇▇▇ rate unless a higher interest rate is required by law.
-17-
(c) LITIGATION
The Ceding Company shall immediately notify the Reinsurer of any contested
claim or of any litigation brought in connection with any claim, and will
immediately forward to the Reinsurer copies of all pleadings. The Ceding
Company shall also furnish all details of such action and shall furnish an
itemized statement of expenses on an incurred basis.
Once the Reinsurer receives all documents (as required herein), the
Reinsurer shall notify the Ceding Company in writing of the Reinsurer's
decision whether or not to participate in the litigation. If the Reinsurer
notifies the Ceding Company in writing that it has elected not to
participate in the litigation, the Reinsurer shall immediately pay the
Ceding Company its share of the claim and expenses incurred to date. Once
the Reinsurer has paid its share, it shall not be liable for any additional
expenses associated with the litigation.
If the Reinsurer notifies the Ceding Company in writing that it has elected
to participate in the litigation, it shall pay its share of legal or
investigative expenses relating to the claim. The Reinsurer shall not
reimburse expenses associated with non-reinsured policies. The Ceding
Company will promptly advise the Reinsurer of all significant developments
in the claim investigation and in the litigation. If there is a reduction
in the liability under the policy, the Reinsurer shall pay its share of the
reduced amount paid by the Ceding Company.
(d) ADJUSTMENTS FOR MISSTATEMENTS OF AGE OR SEX
In the event of a misstatement of age or sex on a reinsured policy, the
Reinsurer's liability will reflect the lesser face amount and will be
adjusted from inception based on the correct age or sex, and any difference
will be settled without interest.
(e) EXPENSES
The Reinsurer will pay its share of reasonable claim investigation and/or
legal expenses connected with contractual liability claims unless the
Reinsurer has discharged its liability pursuant to this Section. If the
Reinsurer has so discharged its liability, the Reinsurer will not
participate in any expenses incurred thereafter.
The Reinsurer will not reimburse the Ceding Company for routine claim and
administration expenses, including but not limited to the Ceding Company's
home office expenses, compensation of salaried officers and employees, and
any legal expenses other than third party expenses incurred by the Ceding
Company. Claim investigation expenses do not include expenses incurred by
the Ceding Company as a result of a dispute or contest arising out of
conflicting claims of entitlement to policy proceeds or benefits.
-18-
(f) EXTRA-CONTRACTUAL DAMAGES
The Reinsurer shall not participate in Punitive Damages or Compensatory
Damages that are awarded against the Ceding Company in connection with
claims covered under this Agreement. The Reinsurer shall, however, pay its
share of Statutory Penalties awarded against the Ceding Company in
connection with claims covered under this Agreement if the Reinsurer
elected in writing to participate as set forth in subsection (c) of this
Section 28.
For purposes of this Section, the following definitions shall apply.
"Punitive Damages" are those damages awarded as a penalty, the amount of
which is neither governed nor fixed by statute.
"Compensatory Damages" are those amounts awarded to compensate for the
actual damages sustained, and are not awarded as a penalty, nor fixed in
amount by statute.
"Statutory Penalties" are those amounts awarded as a penalty, but are fixed
in amount by statute.
SECTION 29. ARBITRATION
-----------
The Ceding Company and the Reinsurer mutually understand and agree that the
wording and interpretation of this Agreement is based on the usual customs and
practices of the insurance and reinsurance industry. While both parties agree to
act in good faith in its dealings with each other, it is understood and
recognized that situations may arise in which they cannot reach an agreement.
In the event that any dispute cannot be resolved to the Ceding Company and the
Reinsurer's mutual satisfaction, the dispute will first be subject to good-faith
negotiation in an attempt to resolve the dispute without the need to institute
formal arbitration proceedings.
If the officers cannot resolve the dispute, both parties agree that they will
submit the dispute to formal arbitration. However, the Ceding Company and the
Reinsurer may agree in writing to extend the negotiation period for an
additional thirty (30) days.
Should the dispute not be resolved through mutual negotiation within thirty (30)
days, the Ceding Company and the Reinsurer agree that the sole remedy for
resolving any and all disputes arising out of or in connection with this
Agreement, including any question regarding its existence, validity, termination
or rescission, shall be resolved by arbitration as herein provided.
All issues for arbitration shall be referred to three arbitrators. The
arbitrators will be current or former disinterested officers of insurance or
reinsurance companies other than the parties to this Agreement, their
subsidiaries or affiliates. It is agreed that each of the three arbitrators
should be
-19-
impartial regarding the dispute; therefore at no time will either the
Ceding Company or the Reinsurer contact or otherwise communicate with any person
who is to be or has been designated as a candidate to serve as an arbitrator
concerning the dispute, except upon the basis of jointly drafted communications
provided by both the Ceding Company and the Reinsurer to inform the arbitrators
of the nature and facts of the dispute. Likewise, any written or oral arguments
provided to the arbitrators concerning the dispute will be coordinated with the
other party and will be provided simultaneously to the other party or will take
place in the presence of the other party. Further, at no time will any
arbitrator be informed that the arbitrator has been named or chosen by one party
or the other.
The first arbitrator will be chosen by the Ceding Company, the second by the
Reinsurer and the third by the aforesaid arbitrators. Should either party fail
to choose its arbitrator within thirty (30) days after receipt of written notice
from the other party requesting it to do so, the requesting party shall name
both arbitrators and they shall proceed in all respects as above stipulated. In
the event that the first two (2) arbitrators so chosen do not agree as to the
third arbitrator within thirty (30) days after both have been appointed as
arbitrators, the third arbitrator shall be chosen by ▇▇▇▇▇-U.S. Each party shall
present its case to the arbitrators within ninety (90) days following the date
of appointment of the third arbitrator.
The arbitrators shall look to the substantive rules of the law of the State of
Michigan as the law governing this Agreement. However, the arbitrators shall
consider the Agreement an honourable engagement rather than merely a legal
obligation and they are relieved of all judicial formalities. The decision and
award of the majority of the arbitrators shall be final and binding upon the
Ceding Company and the Reinsurer. Judgment may be entered upon the award of the
arbitrators in any court having jurisdiction.
Arbitration shall take place in the state of New York or the District of
Columbia unless the Ceding Company and the Reinsurer agree otherwise.
Each party shall bear the expense of its own chosen arbitrator and shall jointly
and equally bear with the other the expense of the third arbitrator and of the
arbitration. In the event two (2) arbitrators are chosen by one party, as above
provided, the expense of all arbitrators and the arbitration shall be equally
divided between the two parties.
This provision concerning arbitration shall survive the termination,
cancellation or rescission of the Agreement.
-20-
SECTION 30. INSOLVENCY
----------
A party is deemed to be insolvent if it:
(a) applies for or consents to the appointment of a receiver, rehabilitator,
conservator, liquidator or statutory successor of its properties or assets;
or
(b) is adjudicated as bankrupt or insolvent.
In the event of the insolvency of the Ceding Company, reinsurance under this
Agreement shall be payable directly to the Ceding Company or to its liquidator,
receiver, conservator or statutory successor on the basis of the liability of
the Ceding Company without diminution because of the insolvency of the Ceding
Company or because the liquidator, receiver, conservator or statutory successor
of the Ceding Company has failed to pay all or a portion of any claim. It is
agreed, however, that the liquidator, receiver, conservator or statutory
successor of the Ceding Company shall give written notice to the Reinsurer of
the pendency of a claim against the Ceding Company that would involve a possible
liability on the part of the Reinsurer, indicating the policy reinsured, within
a reasonable time after such claim is filed in the conservation or liquidation
proceeding or in the receivership. During the pendency of such claim, the
Reinsurer may investigate such claim and interpose, at its own expense, in the
proceeding where such claim is to be adjudicated, any defense or defenses that
they may deem available to the Ceding Company or its liquidator, receiver,
conservator or statutory successor. The expenses thus incurred by the Reinsurer
shall be chargeable, subject to the approval of the Court, against the Ceding
Company as part of the expenses of conservation or liquidation to the extent of
a pro rata share of the benefit that may accrue to the Ceding Company solely as
a result of the defense undertaken by the Reinsurer.
In the event of the insolvency of the Reinsurer, the Ceding Company shall have
the right, at any time during such insolvency, to recapture all business ceded
to the Reinsurer.
Upon recapture, the Reinsurer shall transfer to the Ceding Company an amount
equal to the present value of future net cash flows due to the Reinsurer on the
cessions to be recaptured ("Insolvency Recapture Amount"). In the event that the
Insolvency Recapture Amount is positive, the transfer shall be made from the
Ceding Company to the Reinsurer.
The Insolvency Recapture Amount shall be calculated by the Ceding Company as of
the effective date of recapture using assumptions for mortality, expenses,
lapses, and interest which were in effect as of the effective date of this
Agreement. These assumptions shall exclude margins for adverse deviations. The
Ceding Company shall notify the Reinsurer of the Insolvency Recapture Amount
after which the Reinsurer shall have sixty (60) days to agree to the
calculation.
To the extent permitted under the applicable law, the Ceding Company or the
Reinsurer may offset any balance due under the Agreement against amounts owed to
it by the other party.
-21-
SECTION 31. INSPECTION OF RECORDS
---------------------
The Reinsurer, or its duly authorized representatives, will have the right to
visit the offices of the Ceding Company to inspect, examine, audit, copy and
verify all records and documents of the Ceding Company relating to business
covered under this Agreement during regular business hours after giving
reasonable prior notice. The Ceding Company will cooperate with and facilitate
any such inspection and upon request of the Reinsurer will make available to
Reinsurer such officers and employees of the Ceding Company as the Reinsurer may
reasonably request to provide information concerning the policies reinsured
under this Agreement. The Ceding Company shall provide a reasonable workspace
during the review.
All expenses of conducting the inspection will be borne solely by the Reinsurer
other than those expenses incidental to cooperating with the audit and producing
the requested materials. The Ceding Company and the Reinsurer will work
together to reduce the costs of inspections to the fullest extent practicable by
making documents and other data available electronically and taking such other
steps as may be required to enable the conduct of "desk audits".
This provision concerning inspection of records shall survive the termination,
cancellation or rescission of the Agreement.
SECTION 32. DURATION OF AGREEMENT
---------------------
This Agreement shall be unlimited as to its duration but may be cancelled at any
time insofar as it pertains to new reinsurance thereafter by either party giving
ninety (90) days notice of cancellation in writing. The Reinsurer shall continue
to accept reinsurance during the ninety-day (90-day) period aforesaid and shall
remain liable on all reinsurance granted under this Agreement until the
termination or expiry of the insurance reinsured.
SECTION 33. ASSUMPTION REINSURANCE
----------------------
The Ceding Company shall not sell, assign, transfer, or otherwise dispose of all
or part of the Ceding Company's block of business reinsured under this Agreement
without written approval from the Reinsurer. Such written approval shall not be
unreasonably withheld.
SECTION 34. FEDERAL TAXES
-------------
The Ceding Company and the Reinsurer hereby agree to the following pursuant to
Section 1.848-2(g)(8) of the Income Tax Regulation issued December 1992, under
Section 848 of the Internal Revenue Code of 1986, as amended. This election
shall be effective as of the effective date of this Agreement and for all
subsequent taxable years for which this Agreement remains in effect.
-22-
(a) The term "party" shall refer to either the Ceding Company or the Reinsurer
as appropriate.
(b) The terms used in this Section are defined by reference to Regulation
1.848-2 in effect December 1992.
(c) The party with the net positive consideration for this Agreement for each
taxable year shall capitalize specified policy acquisition expenses with
respect to this Agreement without regard to the general deductions
limitation of Section 848(c)(1).
(d) Both parties agree to exchange information pertaining to the amount of net
consideration under this Agreement each year to ensure consistency or as
otherwise required by the Internal Revenue Service.
(e) The Ceding Company shall submit a schedule to the Reinsurer by May 1 of
each year of its calculation of the net consideration for the preceding
calendar year. This schedule of calculations shall be accompanied by a
statement stating that the Ceding Company shall report such net
consideration in its tax return for the preceding calendar year.
(f) The Reinsurer may contest such calculation by providing an alternative
calculation to the Ceding Company by June 1. If the Reinsurer does not so
notify the Ceding Company, the Ceding Company shall report the net
consideration as determined by the Ceding Company in the Ceding Company's
tax return for the previous calendar year.
(g) If the Reinsurer contests the Ceding Company's calculation of the net
consideration, the parties shall act in good faith to reach an agreement as
to the correct amount by July 1. If the Ceding Company and the Reinsurer
reach agreement on an amount of the net consideration, each party shall
report such amount in their respective tax returns for the previous
calendar year.
The Reinsurer and the Ceding Company represent and warrant that they are subject
to U.S. taxation under Subchapter L of Chapter 1 of the Internal Revenue Code.
SECTION 35. CONFIDENTIALITY
---------------
The Ceding Company and the Reinsurer agree that Customer Information and
Proprietary Information shall be treated as confidential. Customer Information
includes, but is not limited to, medical, financial and other personal
information about proposed, current and former policyowners, insureds,
applicants and beneficiaries of policies issued or insured by the Ceding
Company. Proprietary Information includes, but is not limited to, business plans
and trade secrets, mortality and lapse studies, underwriting manuals and
guidelines, applications and contract forms and the specific terms and
conditions of this Agreement. Confidential information does not include:
(a) Information that is publicly available,
-23-
(b) Information acquired from third parties that are not themselves subject to
confidentiality agreements with respect to such information.
The parties shall not disclose such information to any other parties unless
agreed to in writing between the Ceding Company and the Reinsurer, except as
necessary for retrocession purposes, as requested by external auditors, as
required by court order or as required or allowed by law or regulation.
The Ceding Company acknowledges that the Reinsurer can aggregate data with other
companies reinsured with the Reinsurer as long as the data cannot be identified
as belonging to the Ceding Company.
SECTION 36. SEVERABILITY
------------
If any provision of this Agreement is determined to be invalid or unenforceable,
such determination will not impair or affect the validity or the enforceability
of the remaining provisions of this Agreement.
SECTION 37. COMPLIANCE
----------
This Agreement applies only to the issuance of insurance by the Ceding Company
in a jurisdiction in which it is properly licensed.
The Ceding Company and the Reinsurer each for its part undertakes that it will
discharge its duties under all applicable anti-money laundering legislation and
relevant regulations, and specifically under proceeds of crime (money
laundering) and terrorist financing acts and regulations, as such legislation
and regulations exist from time to time. The Ceding Company and the Reinsurer
each for its part agrees that it will be solely responsible for any and all
fines and/or penalties levied or assessed, whether on it or on the other party,
by reason of its failure to discharge its said duties.
The Ceding Company represents and warrants, to the best of its knowledge, that
it is in compliance with all of the state and federal laws applicable to the
business reinsured under this Agreement. In the event that the Ceding Company is
found to be in non-compliance with any law material to this Agreement, the
Agreement will remain in effect and the Ceding Company will indemnify the
Reinsurer for any direct loss the Reinsurer suffers as a result of the
non-compliance, and will seek to remedy the non-compliance.
-24-
SECTION 38. OFFSET
------
The Reinsurer and the Ceding Company will have recoupment rights and will have
the rights of offset as described hereunder. It is recognized and mutually
intended that the rights of offset under this Agreement are broad and extend to
mutual debts and credits owed between the named parties to this Agreement.
The Ceding Company and the Reinsurer will have and may exercise, at any time and
from time to time, the right to offset any amounts due from one party to the
other party hereto under the terms of this Agreement.
If one of the parties to this Agreement is placed in liquidation, receivership
or rehabilitation or is otherwise declared impaired or insolvent, offset will be
allowed as set forth above, and any amount or amounts due or to become due under
this Agreement accruing from obligations incurred or loss events or occurrences
taking place prior to the appointment of a liquidator, receiver or rehabilitator
or to a declaration of impairment or insolvency, or after such appointment or
declaration, will be deemed mutual in time and capacity and such debts and
credits will be offset against one another whether the balances due or to become
due are on account of premiums or losses including, but not limited to, paid
losses and loss reserves or otherwise.
Any debts or credits, matured or unmatured, liquidated or unliquidated,
regardless of when they arose or were incurred, in favor of or against either
the Ceding Company or the Reinsurer with respect to this Agreement between the
Ceding Company and the Reinsurer are deemed mutual debts or credits, as the case
may be, and will be set off, and only the balance will be allowed or paid.
This provision will not be affected by the insolvency of either party to this
Agreement.
SECTION 39. NON-WAIVER
----------
Neither the failure nor any delay on the part of the Ceding Company or the
Reinsurer to exercise any right, remedy, power, or privilege under this
Agreement shall operate as a waiver thereof. No single or partial exercise of
any right, remedy, power or privilege shall preclude the further exercise of
that right, remedy, power or privilege or the exercise of any other right,
remedy, power or privilege. No waiver of any right, remedy, power or privilege
with respect to any occurrence shall be construed as a waiver of that right,
remedy, power or privilege with respect to any other occurrence. No waiver shall
be effective unless it is in writing and signed by the party granting the
waiver.
-25-
SECTION 40. EFFECTIVE DATE
--------------
The effective date of this Agreement shall be December 1, 2008. This Agreement
applies to all eligible policies with issue dates on or after the effective date
and to eligible policies applied for on or after such date that were backdated
for up to six (6) months to save age.
SECTION 41. PARTIES TO THE AGREEMENT
------------------------
This Agreement is solely between the Ceding Company and the Reinsurer. There is
no third party beneficiary to this Agreement. Reinsurance under this Agreement
shall not create any right or legal relationship between the Reinsurer and any
other person, for example, any insured, policyholder, agent, beneficiary,
insurer, or other reinsurer. The Ceding Company agrees that it shall not make
the Reinsurer a party to any litigation between any such third party and the
Ceding Company. This Agreement is binding upon and inures to the benefit of, the
parties and their respective permitted successors and assigns.
-26-
SECTION 42. EXECUTION OF AGREEMENT
----------------------
IN WITNESS WHEREOF, the Ceding Company and the Reinsurer, by their respective
authorized officers, have caused this Agreement to be executed on the dates
shown below in duplicate, each of which shall be deemed an original but both of
which together shall constitute one and the same instrument.
AMERITAS LIFE INSURANCE CORPORATION
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇
--------------------------------- -----------------------------
Title: Corporate Actuary Title: 2nd VP
--------------------------------- -----------------------------
Date: 2/26/2010 Date: 2/26/2010
--------------------------------- -----------------------------
THE CANADA LIFE ASSURANCE COMPANY
By: /s/ ▇▇▇ ▇'▇▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇-▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
--------------------------------- -----------------------------
▇▇▇ ▇'▇▇▇▇▇▇▇▇, FSA,FCIA,MAAA ▇▇▇▇-▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, FSA,FCIA
Title: Vice President & Actuary Title: Vice President
Life Reinsurance Life Reinsurance
--------------------------------- -----------------------------
Date: December 3, 2009 Date: December 7, 2009
--------------------------------- -----------------------------
-27-
EXHIBIT 1
---------
REINSURANCE SPECIFICATIONS
--------------------------
LIFE REINSURANCE:
-----------------
The Ceding Company shall retain its Maximum Limits of Retention as set out in
Exhibit 2 and cede the remaining to the Pool. The Reinsurer's share of the
reinsured amount for the following plans shall be:
PLANS COVERED:
--------------
--------------------------------------------------------------------------------
PLAN REINSURER'S SHARE ISSUE AGE AND
UNDERWRITING
CLASS
--------------------------------------------------------------------------------
18-75: Preferred Plus NT
18-80: Preferred NT
Excel Performance VUL 18-80: Select NT
Advisor VUL 15% 0-80: Standard NT
18-80: Preferred Tobacco
18-80: Standard Tobacco
--------------------------------------------------------------------------------
EXCLUSIONS:
----------
(a) PROFESSIONAL ATHLETES Professional athletes with policy face amounts up to
and including $2 million may be ceded automatically. Policy face amounts
exceeding $2 million shall be ceded on a facultative basis.
(b) ENTERTAINERS Entertainers with policy face amounts up to and including $5
million may be ceded automatically. Policy face amounts exceeding $5
million shall be ceded on a facultative basis.
RIDERS AND SUPPLEMENTARY BENEFITS:
---------------------------------
TOTAL DISABILITY BENEFIT RIDER - The Ceding Company shall retain the first
$60,000 of annual premium ($5,000 per month). Any excess shall be reinsured with
the Reinsurer up to the amounts set out in Exhibit 3.
ACCOUNTING BENEFIT RIDER - The Ceding Company shall retain its Maximum Limits of
Retention as set out in Exhibit 2 and cede the remaining to the Pool. The
Reinsurer's share of the reinsured amount shall be as the base plan.
EXHIBIT 1 (Continued)
---------------------
REINSURANCE SPECIFICATIONS (CONTINUED)
--------------------------------------
SCHEDULE INCREASE RIDER - The Ceding Company shall retain its Maximum Limits of
Retention as set out in Exhibit 2 and cede the remaining to the Pool. The
Reinsurer's share of the reinsured amount shall be as the base plan but not to
exceed the Reinsurer's Automatic Participation Limits set out in Exhibit 3.
TERM INSURANCE RIDER - The Ceding Company shall retain its Maximum Limits of
Retention as set out in Exhibit 2 and cede the remaining to the Pool. The
Reinsurer's share of the reinsured amount shall be as the base plan.
INSURANCE EXCHANGE RIDER - The Ceding Company shall retain its Maximum Limits of
Retention as set out in Exhibit 2 and cede the remaining to the Pool. The
Reinsurer's share of the reinsured amount shall be as the base plan.
GUARANTEED INSURABILITY RIDER - The Ceding Company shall retain its Maximum
Limits of Retention as set out in Exhibit 2 and cede the remaining to the Pool.
The Reinsurer's share of the reinsured amount shall be same as the base plan.
The maximum increase available will be $50,000.
CURRENCY:
--------
US dollars
RESIDENCE:
---------
The proposed insured at the time of the application must be a legal permanent
resident of the United States, Canada, Puerto Rico or Guam.
JUMBO LIMIT
-----------
--------------------------------------------------------------
ISSUE AGES STD -TABLE 4 TABLES 5 - 8 TABLES 9 - 16
--------------------------------------------------------------
0-80 $50,000,000 $50,000,000 $50,000,000
--------------------------------------------------------------
81-85 $30,000,000 $30,000,000 0
--------------------------------------------------------------
The Ceding Company will not cede any risk automatically if the Jumbo Limit
amount stated above is exceeded on any one life. The definition of Jumbo Limit
is as follows:
The Jumbo Limit is defined as the total amount of life insurance in force,
including any amounts to be replaced, plus the total ultimate maximum amount of
life insurance applied for in all companies. Amounts to be replaced cannot be
deducted from the total amount of life insurance in force in any situation.
EXHIBIT 1 (Continued)
---------------------
REINSURANCE SPECIFICATIONS (CONTINUED)
--------------------------------------
PREMIUM TAX:
-----------
The Reinsurer shall not be responsible for reimbursement of premium taxes.
CESSION LIMITS:
--------------
(a) Minimum Initial Cession: $25,000
(b) Trivial Amount: $5,000
(c) The minimum amount that the Reinsurer will consider facultatively is
$100,000.
EXHIBIT 2
---------
THE CEDING COMPANY'S RETENTION
------------------------------
PER LIFE:
---------
The Ceding Company will retain its Maximum Limits of Retention as stated below.
MAXIMUM LIMITS OF RETENTION
--------------------------------------------------------------------------------
PREFERRED PLUS TABLE 1-4 (A-D) TABLE 5-16 (E-P)
PREFERRED FLAT EXTRAS FLAT EXTRAS
AGE STANDARD UP TO $7.50 $7.51 AND UP
--------------------------------------------------------------------------------
0-65 $2,000,000 $1,500,000 $500,000
--------------------------------------------------------------------------------
66-75 $1,500,000 $1,000,000 $500,000
--------------------------------------------------------------------------------
76-80 $1,000,000 $500,000 $250,000
--------------------------------------------------------------------------------
81-85 $500,000 $100,000 $0
--------------------------------------------------------------------------------
TOTAL DISABILITY BENEFIT RIDER:
-------------------------------
$5,000 per month
EXHIBIT 3
---------
THE REINSURER'S AUTOMATIC PARTICIPATION LIMITS
----------------------------------------------
Life
Listed by Age and Rating
The Reinsurer agrees to accept 15% of the amount in excess of the Ceding
Company's retention, as specified in Exhibit 1, not to exceed the Reinsurer's
Automatic Participation Limits, as set out below.
--------------------------------------------------------------------------------
PREFERRED PLUS TABLE 1-4 (A-D) TABLE 5-16 (E-P)
PREFERRED FLAT EXTRAS FLAT EXTRAS
AGE STANDARD UP TO $7.50 $7.51 AND UP
--------------------------------------------------------------------------------
18-65 $3,300,000 $2,475,000 $825,000
--------------------------------------------------------------------------------
66-75 $2,475,000 $1,650,000 $825,000
--------------------------------------------------------------------------------
76-80 $1,650,000 $825,000 $112,500
--------------------------------------------------------------------------------
81-85 $225,000 $0 $0
--------------------------------------------------------------------------------
TOTAL DISABILITY BENEFIT RIDER
------------------------------
The Reinsurer's share of the amount ceded to the Pool is 15% to maximum amounts
shown below.
--------------------------------------------------------------------------------
PREFERRED PLUS TABLE 1-4 (A-D) TABLE 5-16 (E-P)
PREFERRED FLAT EXTRAS FLAT EXTRAS
AGE STANDARD UP TO $7.50 $7.51 AND UP
--------------------------------------------------------------------------------
0-55 $150,000 $225,000 $375,000
--------------------------------------------------------------------------------
AUTOMATIC POOL BINDING LIMITS
-----------------------------
(Maximum on any one life under this pool,
including the Ceding Company's retention)
--------------------------------------------------------------------------------
PREFERRED PLUS TABLE 1-4 (A-D) TABLE 5-16 (E-P)
PREFERRED FLAT EXTRAS FLAT EXTRAS
AGE STANDARD UP TO $7.50 $7.51 AND UP
--------------------------------------------------------------------------------
18-65 $24,000,000 $18,000,000 $6,000,000
--------------------------------------------------------------------------------
66-75 $18,000,000 $12,000,000 $6,000,000
--------------------------------------------------------------------------------
76-80 $12,000,000 $6,000,000 $1,000,000
--------------------------------------------------------------------------------
81-85 $2,000,000 $100,000 $0
--------------------------------------------------------------------------------
EXHIBIT 3 (Continued)
---------------------
AUTOMATIC POOL BINDING LIMITS (CONTINUED)
-----------------------------------------
For the Total Disability Benefit Rider, the maximum annual premium to be waived
is $80,000 and the total original face amount in force and to be placed with
Total Disability attached is $10,000,000.
EXHIBIT 4
---------
APPLICATION FOR REINSURANCE
---------------------------
(Attached)
APPLICATION FOR REINSURANCE [CANADA LIFE LOGO]
Instructions: Forward part 1 to Reinsuring Company. Retain parts 2 and 3.
(Part 3 to be forwarded in case of cancellation only.)
[ ] Facultative [ ] Automatic [ ] Offer, please
------------------------------------------------------------(the Ceding Company)
hereby applies to CANADA LIFE ASSURANCE COMPANY
---------------- ------------------
(the Reinsuring Company) for reinsurance on the life of
-------------------------
Birth Date Birth Place Occupation
-------------------- ---------- -------------------
Residence
-----------------------------------------------------------------------
Plan of Principal Policy and Riders Age Sex
----------------------- ---------- ------
--------------------------------------------------------------------------------
LIFE RIDERS DISABILITY WAIVER ACCIDENTAL DEATH
BENEFIT
------------------------------- ------ ------ ----------------- ----------------
PRIOR INSURANCE IN THIS COMPANY
------------------------------- ------ ------ ----------------- ----------------
OF WHICH WE RETAIN
------------------------------- ------ ------ ----------------- ----------------
INSURANCE NOW APPLIED FOR
------------------------------- ------ ------ ----------------- ----------------
OF WHICH WE PROPOSE TO RETAIN
------------------------------- ------ ------ ----------------- ----------------
REINSURANCE APPLIED FOR
------------------------------- ------ ------ ----------------- ----------------
RATING REINSURANCE BEING OFFERED ELSEWHERE
[ ] STANDARD [ ] YES
[ ] SUBSTANDARD WITH THE FOLLOWING RATING: [ ] NO
--------------------------------------------------------------------------------
CEDING COMPANY RETENTION AS EXPRESSED ABOVE IS CEDING COMPANY POLICY NUMBER
[ ] FULL
[ ] LIMITED BECAUSE OF: CEDING COMPANY POLICY DATE
--------------------------------------------------------------------------------
Remarks
Dated this day of year
----- ---------- ---------------------------------------------
The Ceding Company
By
---------------------------------------------
--------------------------------------------------------------------------------
REINSURANCE NOT REQUIRED:
[ ] NOT PROCEEDED WITH [ ] REINSURANCE PLACED ELSEWHERE
[ ] POLICY NOT TAKEN [ ] OTHER
[ ] ISSUED WITHIN RETENTION
Dated this of year By
------------ ---------- ----- -----------------------------------
EXHIBIT 5
---------
DEATH CLAIM FORM
----------------
(Attached)
[Canada Life Logo] Reinsurance Life Claim
Please fax original to Canada Life Assurance Company, Attention: Reinsurance
Claims Department (▇▇▇) ▇▇▇-▇▇▇▇,
or send to ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇
Complete all sections to expedite processing. Please Print Clearly.
--------------------------------------------------------------------------------
Section A - Client / Insured Data
--------------------------------------------------------------------------------
Ceding Company Ceding Company Address
--------------------------------------------------------------------------------
Insured Name Date of Birth (mm/dd/yyyy) Date of Event (mm/dd/yyyy)
--------------------------------------------------------------------------------
Cause of Event [ ] Smoker Gender [ ] M [ ] F
[ ] Non Smoker
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Section B - Policy Informaiton - List all policies held by the insured
--------------------------------------------------------------------------------
Ceding Company Canada Life Policy Date Contestable U/W Face Amount Ceding Company Original Canada Life
Plan/Reference Number Policy Number Policy Number (mm/dd/yyyy) Rating Issued Retention Reinsurance Liability
--------------------- ------------- ------------- ----------- ----------- ------ ----------- -------------- ------------------------
[ ] Yes Life Life
[ ] No ADB ADB
--------------------- ------------- ------------- ----------- ----------- ------ ----------- -------------- ------------------------
[ ] Yes Life Life
[ ] No ADB ADB
--------------------- ------------- ------------- ----------- ----------- ------ ----------- -------------- ------------------------
[ ] Yes Life Life
[ ] No ADB ADB
--------------------- ------------- ------------- ----------- ----------- ------ ----------- -------------- ------------------------
------------------------------------------------------------------------------------------------------------------------------------
Section C - Additional Policy Information
------------------------------------------------------------------------------------------------------------------------------------
▇.▇▇ this policy a Conversion? [ ]Yes [ ]No If "Yes", please provide original policy # and issue date in Section F below.
2.Has there been a Reinstatement? [ ]Yes [ ]No If "Yes", please provide date of last reinstatement (mm/dd/yyyy) in Section F below.
▇.▇▇ the claim for a Joint Policy?[ ]Yes [ ]No If "Yes", [ ]1st death [ ] 2nd death
4.We have made payment in full? [ ]Yes [ ]No If "Yes", please enclose copy of cheque
5.a)Canada Life N.A.R. (liability) Adjustment: [ ]Yes [ ]No Change appears on Billing/Inforce (circle one) date (mm/dd/yyyy)
b)If a) is yes, reason for adjustment?
-----------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Section D - Claim Payment Detail Section E - Claim Documentation
Ceding Company Canada Life Claims Proofs Enclosed: To Follow:
Liability Liability Claimant's Statement [ ] [ ]
1. Current N.A.R. $ $ Death Certificate [ ] [ ]
(Net Amount at Risk) Proof of Payment [ ] [ ]
2. Interest Payment
( days X %) $ $ Contestable Claims Require the Following Enclosed: To Follow:
Application Part I and II [ ] [ ]
3. Investigation Expenses $ $ Underwriting Papers [ ] [ ]
Investigation Reports [ ] [ ]
4. Legal Payment Expenses $ $ Expenses: Enclosed To Follow:
Total Requested: $ $ Copies of Expense ▇▇▇▇▇▇▇▇ [ ] [ ]
------------------------------------------------------------------------------------------------------------------------------------
Section F - Comments
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Completed By Title
------------------------------------------------------------------------------------------------------------------------------------
Date (mm/dd/yyyy) Telephone Number / Extension Fax Email Address
------------------------------------------------------------------------------------------------------------------------------------
EXHIBIT 6
---------
SELF ADMINISTRATION REPORTING REQUIREMENTS
------------------------------------------
MONTHLY REPORTING
-----------------
Reinsured policy information is required monthly on an electronic file produced
by the Ceding Company's administration system and must include all pertinent
data relating to the reinsured policies. All new issues, renewals and
adjustments with an effective date in the reporting month are to be submitted on
the file and the file should contain the following fields:
1. All fields listed (below) in the inforce file requirements
2. Type of transaction
3. Effective date of the transaction
4. Transaction applicable premiums and allowances for the basic risk
5. Transaction applicable waiver, ADB, temporary or permanent flat extra
premiums
6. Transaction applicable other rider premiums, allowances, flat extra
premiums
7. Premium tax reimbursement deduction
8. Policy fees
9. Interest fees or payments
10. Administration fees
11. Experience refund
In addition, the monthly policy exhibit, summarizing the movement of
reinsurance, in a text file format should be included. If this is not available,
a paper copy is acceptable.
If a transaction file in electronic format is not available, please include a
summary of the accounting and movement of reinsurance in the format in the
attached Exhibit 7, along with the details noted above.
ANNUAL CONFIRMATION OF NAIC RESERVES
------------------------------------
An annual confirmation of the reserves held is required in order to complete the
necessary year-end financial statements. The following information is required
for each block of business reported on a self-administered basis:
1. Reinsurance basis
2. Mortality table
3. Interest rate
4. Age basis
5. Reserve method
6. Basic, waiver, ADB number of policies inforce and net amount at risk
7. Basic, waiver, ADB reserve
8. Deficiency reserves
9. NAIC -Miscellaneous reserve
EXHIBIT 6 (Continued)
---------------------
SELF ADMINISTRATION REPORTING REQUIREMENTS
------------------------------------------
QUARTERLY INFORCE FILE
----------------------
An inforce file in electronic format is required for all self-administered
business. This file should include all policies inforce at the end of each
quarter and should contain the following fields:
1. Treaty and plan indicators
2. Reinsurance basis
3. Policy number (including any other unique identifier for additional riders
or records)
4. Original policy number (if the policy has been converted)
5. Issue date (and original Issue date if the policy has been converted)
6. Policy and reinsurance duration
7. Facultative/automatic indicator
8. First and last Name (including middle initial)
9. Date of birth
10. Issue age (and original issue age if the policy has been converted)
11. Sex
12. Underwriting class
13. Smoker status
14. Mortality rating
15. Permanent or temporary extras (including the duration)
16. Residence of issue
17. Current residence
18. Joint life indicator (including an indicator if one life is uninsurable or
one life is deceased)
19. Currency
20. Age basis
21. Face amount
22. Retained amount
23. Ceded amount
24. Basic, waiver and ADB net amount at risk
25. Annual reinsurance premium - basic, waiver, ADB, flat extra
26. Annual reinsurance allowances - basic, waiver, ADB, flat extra
o All information in 8 through 18 above is required for the second life if
joint life policies.
EXHIBIT 7
---------
SELF ADMINISTRATION SUMMARY
---------------------------
All accounting and movement of reinsurance should be provided in electronic
format as requested in the Monthly Reporting section outlined in Exhibit 6.
However, if this is not available, a summary, as noted in the attached Self
Administration Summary, is required.
SELF ADMINISTRATION SUMMARY
---------------------------
TO: THE CANADA LIFE ASSURANCE COMPANY
▇.▇. ▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇
ATTN: REINSURANCE ADMINISTRATION - INTERNATIONAL AND REINSURANCE
DIVISION
FROM:
Reporting Period:
DD/MM/YY to: DD/MM/YY
Reinsurance Basis:
[ ]Yearly Renewable Term (YRT) [ ]Coinsurance [ ]Yearly Renewable Term
with Allowances
MOVEMENT OF REINSURANCE SUMMARY:
--------------------------------------------------------------------------------
LIFE DISABILITY WAIVER ADB
------------------- ----------------------- ----------------
NET NET
NO. OF AMOUNT NO. OF NET AMOUNT NO. OF AMOUNT
POLICIES AT RISK POLICIES AT RISK POLICIES AT RISK
------------------- ---------- -------- ---------- ------------ -------- -------
Beginning Inforce
------------------- ---------- -------- ---------- ------------ -------- -------
Issues
------------------- ---------- -------- ---------- ------------ -------- -------
Reinstatements
------------------- ---------- -------- ---------- ------------ -------- -------
Lapses
------------------- ---------- -------- ---------- ------------ -------- -------
Death Claims
------------------- ---------- -------- ---------- ------------ -------- -------
Surrender
------------------- ---------- -------- ---------- ------------ -------- -------
Decreases/Increases
------------------- ---------- -------- ---------- ------------ -------- -------
Conversions
------------------- ---------- -------- ---------- ------------ -------- -------
Ending Inforce
------------------- ---------- -------- ---------- ------------ -------- -------
ACCOUNTING SUMMARY:
--------------------------------------------------------------------------------
LIFE DISABILITY WAIVER ADB TOTAL
--------------------------------------------------------------------------------
PREMIUMS
--------------------------------------------------------------------------------
FIRST YEAR
--------------------------------------------------------------------------------
RENEWAL
--------------------------------------------------------------------------------
SUBTOTAL
--------------------------------------------------------------------------------
ALLOWANCES
--------------------------------------------------------------------------------
FIRST YEAR
--------------------------------------------------------------------------------
RENEWAL
--------------------------------------------------------------------------------
SUBTOTAL
--------------------------------------------------------------------------------
EXPENSES
--------------------------------------------------------------------------------
PREMIUM TAX
--------------------------------------------------------------------------------
- CURRENT YEAR
--------------------------------------------------------------------------------
- PRIOR YEAR
--------------------------------------------------------------------------------
INTEREST
--------------------------------------------------------------------------------
ADMINISTRATION FEES
--------------------------------------------------------------------------------
EXPERIENCE REFUND
--------------------------------------------------------------------------------
SUBTOTAL
--------------------------------------------------------------------------------
NET PREMIUMS DUE
--------------------------------------------------------------------------------
EXHIBIT 8
---------
REINSURANCE RATES
-----------------
Reinsurance premium rates are based on age nearest birthday basis. Reinsurance
premiums shall be as per the attached 2001 VBT Select and Ultimate Gender and
Smoker Distinct Table multiplied by the following percentages. First year rate
is [*].
--------------------------------------------------------------------------------
RENEWALS
UNDERWRITING MALE ISSUE AGES
CLASS ▇▇-▇▇ ▇▇-▇▇ ▇▇-▇▇ ▇▇-▇▇ 75-80
--------------------------------------------------------------------------------
PREFERRED PLUS NT [*] [*] [*] [*] [*]
--------------------------------------------------------------------------------
PREFERRED NT [*] [*] [*] [*] [*]
--------------------------------------------------------------------------------
SELECT NT [*] [*] [*] [*] [*]
--------------------------------------------------------------------------------
STANDARD NT* [*] [*] [*] [*] [*]
--------------------------------------------------------------------------------
PREFERRED T [*] [*] [*] [*] [*]
--------------------------------------------------------------------------------
STANDARD T [*] [*] [*] [*] [*]
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
RENEWALS
UNDERWRITING FEMALE ISSUE AGES
CLASS ▇▇-▇▇ ▇▇-▇▇ ▇▇-▇▇ ▇▇-▇▇ 75-80
--------------------------------------------------------------------------------
PREFERRED PLUS NT [*] [*] [*] [*] [*]
--------------------------------------------------------------------------------
PREFERRED NT [*] [*] [*] [*] [*]
--------------------------------------------------------------------------------
SELECT NT [*] [*] [*] [*] [*]
--------------------------------------------------------------------------------
STANDARD NT* [*] [*] [*] [*] [*]
--------------------------------------------------------------------------------
PREFERRED T [*] [*] [*] [*] [*]
--------------------------------------------------------------------------------
STANDARD T [*] [*] [*] [*] [*]
--------------------------------------------------------------------------------
*VUL: Standard Non Tobacco's ages 18-29 rates apply to ages 0-29.
Reinsurance premiums shall be paid for the lifetime of the policyholder.
SUBSTANDARD RATINGS:
-------------------
Premiums will be based on the Standard Non-Tobacco or Standard Tobacco class
rate, increased by [*] for each table of additional mortality. Allowances will
be the same as the Standard Non-Tobacco or Standard Tobacco class.
FLAT EXTRAS:
-----------
The total premium remitted to the Reinsurer will include the flat extra premium.
The Reinsurer shall pay an expense allowance as a percentage of the flat extra
premium as shown below:
--------------------------------------------------
TYPE OF FLAT EXTRA FIRST YEAR RENEWAL YEAR
--------------------------------------------------
Temporary (1-5 Years) [*] [*]
--------------------------------------------------
Permanent ( 6 years +) [*] [*]
--------------------------------------------------
EXHIBIT 8 (Continued)
---------------------
REINSURANCE RATES (CONTINUED)
-----------------------------
RIDER OR SUPPLEMENTARY BENEFIT RATES:
------------------------------------
TOTAL DISABILITY BENEFIT RIDER RATES
Reinsurance premium rates for Total Disability Benefit Rider shall be on an age
nearest basis as per the attached annual rates per thousand less the following
percentage discounts.
------------------------------------------------------------
FIRST YEAR RENEWAL YEARS
------------------------------------------------------------
Total Disability Benefit Rider [*] [*]
------------------------------------------------------------
GUARANTEED INSURABILITY RIDER
Reinsurance premium rates for the Guaranteed Insurability Rider shall be on an
age nearest basis as per the attached annual rates per thousand less the
following percentage discounts.
------------------------------------------------------------
FIRST YEAR RENEWAL YEARS
------------------------------------------------------------
Guaranteed Insurability Rider [*] [*]
------------------------------------------------------------
All other Riders shall be on an age nearest basis using the same rates as the
base plan reinsurance rates.
FACULTATIVE REINSURANCE RATES:
-----------------------------
The Reinsurer's facultative shopped capacity and excess capacity is $3,000,000
on the same rate basis as for automatic coverage.
2001 VBT ANB Male Non Smoker
Issue Annual Premiums per $1,000
Age
Duration
1 2 3 4 5 6 7 8 9 10 11 12 13 14
0 0.90 0.49 0.32 0.20 0.14 0.14 0.15 0.15 0.15 0.16 0.16 0.20 0.26 0.31
1 0.40 0.29 0.19 0.14 0.14 0.14 0.15 0.15 0.15 0.16 0.18 0.22 0.28 0.33
2 0.28 0.19 0.14 0.14 0.14 0.14 0.15 0.15 0.15 0.16 0.19 0.25 0.29 0.40
3 0.17 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.15 0.18 0.24 0.28 0.39 0.58
4 0.13 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.18 0.23 0.28 0.39 0.58 0.68
5 0.13 0.13 0.13 0.14 0.14 0.14 0.15 0.17 0.22 0.27 0.39 0.57 0.68 0.76
6 0.13 0.13 0.13 0.14 0.14 0.14 0.17 0.22 0.26 0.38 0.57 0.68 0.76 0.82
7 0.13 0.13 0.13 0.14 0.14 0.17 0.21 0.26 0.37 0.57 0.68 0.76 0.82 0.83
8 0.13 0.13 0.13 0.14 0.16 0.20 0.25 0.37 0.56 0.68 0.76 0.81 0.82 0.82
9 0.13 0.13 0.13 0.16 0.19 0.25 0.36 0.56 0.68 0.76 0.81 0.81 0.81 0.81
10 0.13 0.13 0.15 0.19 0.25 0.35 0.56 0.67 0.76 0.80 0.80 0.80 0.80 0.80
11 0.13 0.15 0.18 0.24 0.34 0.56 0.67 0.76 0.79 0.79 0.79 0.79 0.79 0.80
12 0.14 0.17 0.24 0.33 0.56 0.67 0.76 0.78 0.78 0.78 0.78 0.78 0.79 0.81
13 0.16 0.23 0.32 0.56 0.67 0.76 0.77 0.77 0.77 0.77 0.77 0.79 0.80 0.83
14 0.22 0.31 0.56 0.67 0.76 0.77 0.77 0.77 0.77 0.77 0.77 0.79 0.82 0.83
15 0.30 0.56 0.67 0.76 0.76 0.76 0.76 0.76 0.76 0.76 0.78 0.80 0.83 0.83
16 0.56 0.67 0.75 0.75 0.75 0.75 0.75 0.75 0.75 0.76 0.78 0.81 0.82 0.83
17 0.67 0.74 0.74 0.74 0.74 0.74 0.74 0.74 0.75 0.77 0.78 0.80 0.80 0.80
18 0.73 0.73 0.73 0.73 0.73 0.73 0.73 0.73 0.75 0.75 0.76 0.77 0.77 0.79
19 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.72 0.72 0.72 0.73 0.73 0.74 0.77
20 0.66 0.66 0.66 0.66 0.66 0.67 0.67 0.68 0.68 0.68 0.69 0.70 0.72 0.76
21 0.60 0.60 0.60 0.60 0.61 0.62 0.63 0.63 0.64 0.65 0.66 0.69 0.72 0.77
22 0.55 0.55 0.55 0.56 0.58 0.58 0.59 0.60 0.60 0.63 0.65 0.68 0.72 0.79
23 0.49 0.49 0.51 0.53 0.55 0.56 0.57 0.58 0.59 0.62 0.65 0.68 0.74 0.81
24 0.43 0.44 0.48 0.51 0.54 0.55 0.56 0.58 0.60 0.63 0.67 0.71 0.77 0.85
25 0.35 0.40 0.46 0.51 0.53 0.55 0.57 0.58 0.62 0.66 0.70 0.75 0.82 0.91
26 0.32 0.39 0.46 0.52 0.54 0.56 0.57 0.61 0.64 0.69 0.74 0.80 0.88 0.99
27 0.30 0.39 0.46 0.53 0.56 0.57 0.61 0.64 0.68 0.74 0.80 0.87 0.96 1.09
28 0.30 0.39 0.47 0.53 0.57 0.60 0.63 0.68 0.73 0.79 0.87 0.96 1.06 1.20
29 0.29 0.39 0.48 0.54 0.60 0.63 0.68 0.73 0.78 0.87 0.96 1.06 1.17 1.30
30 0.28 0.39 0.47 0.55 0.62 0.68 0.73 0.78 0.86 0.95 1.04 1.14 1.26 1.42
31 0.27 0.38 0.47 0.55 0.63 0.71 0.78 0.84 0.91 0.99 1.09 1.22 1.38 1.57
32 0.26 0.36 0.47 0.55 0.64 0.72 0.80 0.87 0.94 1.02 1.14 1.31 1.53 1.76
33 0.27 0.38 0.48 0.58 0.67 0.76 0.85 0.91 0.98 1.07 1.21 1.42 1.68 1.92
34 0.29 0.39 0.51 0.60 0.71 0.80 0.90 0.97 1.05 1.16 1.34 1.57 1.83 2.09
35 0.31 0.41 0.52 0.63 0.73 0.84 0.94 1.04 1.15 1.30 1.49 1.72 1.98 2.24
36 0.32 0.43 0.54 0.65 0.77 0.87 0.99 1.14 1.29 1.47 1.66 1.89 2.15 2.43
37 0.34 0.44 0.56 0.67 0.78 0.91 1.07 1.26 1.45 1.63 1.82 2.03 2.31 2.63
38 0.37 0.49 0.61 0.71 0.83 0.98 1.18 1.40 1.61 1.79 1.97 2.20 2.49 2.82
39 0.40 0.54 0.66 0.77 0.90 1.08 1.32 1.54 1.76 1.94 2.13 2.38 2.70 3.06
40 0.43 0.58 0.71 0.83 0.99 1.21 1.46 1.70 1.89 2.09 2.32 2.62 2.96 3.34
41 0.45 0.63 0.79 0.94 1.12 1.36 1.62 1.84 2.06 2.29 2.57 2.91 3.28 3.69
42 0.48 0.70 0.89 1.06 1.26 1.50 1.76 2.00 2.25 2.53 2.86 3.23 3.64 4.13
43 0.51 0.73 0.95 1.14 1.35 1.59 1.87 2.14 2.44 2.76 3.13 3.56 4.08 4.62
44 0.54 0.78 1.00 1.20 1.41 1.68 1.99 2.33 2.65 3.01 3.41 3.98 4.56 5.10
45 0.60 0.84 1.05 1.26 1.51 1.80 2.16 2.53 2.92 3.29 3.79 4.46 5.03 5.52
46 0.65 0.88 1.09 1.32 1.61 1.97 2.37 2.80 3.22 3.67 4.26 4.93 5.48 5.97
47 0.71 0.92 1.14 1.41 1.75 2.14 2.60 3.08 3.55 4.12 4.72 5.37 5.92 6.59
48 0.77 0.99 1.24 1.54 1.89 2.31 2.81 3.35 3.89 4.56 5.14 5.80 6.46 7.35
49 0.81 1.08 1.37 1.69 2.06 2.50 3.03 3.65 4.22 4.88 5.55 6.33 7.21 8.27
50 0.89 1.19 1.51 1.86 2.23 2.69 3.28 3.93 4.52 5.20 6.03 7.06 8.19 9.43
[2001 VBT ANB Male Non Smoker (ages 0 - 50) chart continued on this page]
ATT
15 16 17 18 19 20 21 22 23 24 25 ULT AGE
0.39 0.53 0.66 0.77 0.83 0.85 0.85 0.85 0.85 0.85 0.85 0.86 25
0.50 0.63 0.73 0.81 0.84 0.85 0.85 0.85 0.85 0.85 0.86 0.89 26
0.60 0.70 0.78 0.83 0.84 0.85 0.85 0.85 0.85 0.86 0.88 0.93 27
0.68 0.76 0.82 0.84 0.85 0.85 0.85 0.85 0.86 0.87 0.90 0.91 28
0.76 0.82 0.84 0.85 0.85 0.85 0.85 0.86 0.87 0.88 0.88 0.88 29
0.82 0.84 0.85 0.85 0.85 0.85 0.86 0.86 0.86 0.86 0.86 0.86 30
0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84 31
0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 32
0.82 0.82 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.84 33
0.81 0.81 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.84 0.85 34
0.81 0.82 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.84 0.85 0.87 35
0.81 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.84 0.85 0.87 0.91 36
0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.84 0.85 0.87 0.91 0.95 37
0.83 0.83 0.83 0.83 0.83 0.83 0.84 0.85 0.87 0.91 0.95 1.02 38
0.83 0.83 0.83 0.83 0.83 0.84 0.85 0.87 0.91 0.95 1.02 1.09 39
0.83 0.83 0.83 0.83 0.84 0.85 0.87 0.91 0.95 1.02 1.09 1.16 40
0.83 0.83 0.83 0.84 0.85 0.87 0.91 0.95 1.02 1.09 1.16 1.26 41
0.80 0.80 0.84 0.85 0.87 0.91 0.95 1.02 1.09 1.16 1.26 1.39 42
0.80 0.80 0.85 0.86 0.91 0.95 1.02 1.09 1.16 1.26 1.39 1.53 43
0.80 0.82 0.86 0.91 0.95 1.02 1.08 1.16 1.26 1.39 1.53 1.71 44
0.82 0.86 0.90 0.95 1.02 1.08 1.16 1.26 1.39 1.53 1.71 1.91 45
0.84 0.90 0.95 1.02 1.08 1.16 1.26 1.39 1.53 1.71 1.91 2.10 46
0.87 0.95 1.02 1.08 1.16 1.26 1.39 1.53 1.71 1.91 2.10 2.31 47
0.91 1.01 1.08 1.16 1.26 1.39 1.53 1.71 1.91 2.10 2.31 2.42 48
0.97 1.07 1.16 1.26 1.39 1.53 1.71 1.91 2.10 2.29 2.42 2.55 49
1.03 1.15 1.26 1.39 1.53 1.71 1.91 2.10 2.27 2.42 2.55 2.74 50
1.11 1.26 1.39 1.53 1.71 1.91 2.10 2.27 2.41 2.55 2.74 2.97 51
1.21 1.38 1.53 1.71 1.90 2.10 2.26 2.40 2.55 2.74 2.97 3.29 52
1.34 1.53 1.70 1.89 2.10 2.25 2.40 2.55 2.74 2.97 3.29 3.65 53
1.48 1.69 1.88 2.09 2.25 2.39 2.55 2.74 2.97 3.29 3.65 4.11 54
1.61 1.84 2.04 2.22 2.39 2.55 2.74 2.97 3.27 3.65 4.08 4.68 55
1.80 2.01 2.20 2.37 2.54 2.73 2.95 3.25 3.64 4.08 4.57 5.26 56
1.99 2.18 2.37 2.54 2.73 2.95 3.24 3.64 4.06 4.53 5.10 5.89 57
2.14 2.34 2.53 2.73 2.95 3.23 3.63 4.04 4.50 5.04 5.62 6.41 58
2.31 2.50 2.72 2.95 3.23 3.59 4.00 4.46 4.99 5.56 6.14 7.02 59
2.48 2.70 2.95 3.23 3.58 3.96 4.41 4.93 5.49 6.07 6.68 7.76 60
2.69 2.95 3.23 3.56 3.94 4.35 4.88 5.43 6.01 6.65 7.31 8.67 61
2.93 3.23 3.55 3.91 4.33 4.81 5.36 5.94 6.58 7.29 8.15 9.80 62
3.17 3.52 3.90 4.31 4.78 5.29 5.87 6.52 7.26 8.12 9.25 11.07 63
3.44 3.85 4.27 4.76 5.27 5.81 6.45 7.22 8.09 9.21 10.49 12.40 64
3.76 4.21 4.71 5.24 5.79 6.39 7.16 8.04 9.15 10.37 11.71 13.80 65
4.17 4.68 5.20 5.76 6.38 7.09 7.99 9.08 10.27 11.65 12.87 15.21 66
4.68 5.16 5.70 6.34 7.08 7.92 8.99 10.17 11.50 12.80 13.88 16.63 67
5.15 5.61 6.28 7.03 7.90 8.89 10.06 11.30 12.59 13.80 15.22 18.16 68
5.59 6.19 6.96 7.85 8.85 9.93 11.15 12.42 13.69 15.01 16.63 19.73 69
6.07 6.85 7.77 8.78 9.86 10.99 12.23 13.50 14.77 16.51 18.48 21.65 70
6.76 7.69 8.73 9.84 10.97 12.11 13.34 14.58 16.25 18.37 20.77 23.80 71
7.57 8.66 9.81 10.97 12.11 13.23 14.39 16.00 18.09 20.66 23.47 26.68 72
8.52 9.76 10.95 12.11 13.23 14.26 15.77 17.81 20.35 23.34 26.34 29.70 73
9.57 10.93 12.11 13.23 14.24 15.55 17.56 20.06 22.99 26.21 29.30 32.86 74
10.73 12.11 13.21 14.21 15.49 17.33 19.78 22.67 25.81 29.14 32.37 36.32 75
2001 VBT ANB Male Non Smoker
Issue Annual Premiums per $1,000
Age
Duration
1 2 3 4 5 6 7 8 9 10 11 12 13 14
51 0.98 1.34 1.70 2.06 2.44 2.92 3.51 4.16 4.84 5.63 6.68 8.02 9.34 10.63
52 1.07 1.49 1.90 2.29 2.68 3.14 3.74 4.45 5.25 6.26 7.56 9.12 10.52 11.42
53 1.11 1.61 2.07 2.52 2.94 3.43 4.09 4.93 5.86 7.10 8.62 10.29 11.31 12.45
54 1.15 1.73 2.27 2.74 3.18 3.75 4.54 5.55 6.64 8.09 9.70 11.04 12.32 13.67
55 1.19 1.86 2.46 2.94 3.44 4.14 5.11 6.28 7.50 9.04 10.34 11.95 13.52 15.09
56 1.24 1.99 2.63 3.18 3.77 4.63 5.77 7.08 8.37 9.62 11.17 13.01 14.90 16.75
57 1.29 2.09 2.81 3.47 4.20 5.21 6.49 7.88 9.20 10.72 12.52 14.53 16.53 18.80
58 1.39 2.23 3.02 3.81 4.73 5.88 7.23 8.63 9.93 11.64 13.68 16.12 18.55 21.18
59 1.52 2.39 3.28 4.22 5.31 6.58 7.98 9.34 10.60 12.52 14.85 17.75 20.90 23.74
60 1.70 2.59 3.57 4.67 5.91 7.28 8.70 10.04 11.29 13.46 16.18 19.44 23.16 26.36
61 1.91 2.83 3.89 5.11 6.51 7.98 9.41 10.72 11.98 14.49 17.53 21.01 24.85 29.11
62 2.15 3.10 4.25 5.60 7.13 8.70 10.17 11.52 12.86 15.66 18.90 22.50 26.53 31.12
63 2.30 3.42 4.74 6.23 7.86 9.52 11.09 12.56 14.07 17.07 20.47 24.27 28.62 33.70
64 2.41 3.76 5.27 6.91 8.68 10.45 12.17 13.84 15.55 18.72 22.33 26.48 31.32 37.04
65 2.47 4.09 5.83 7.68 9.59 11.51 13.38 15.24 17.17 20.57 24.52 29.15 34.62 41.18
66 2.51 4.61 6.53 8.52 10.69 12.74 14.71 16.73 18.93 22.65 27.07 32.29 38.56 46.04
67 2.68 5.20 7.30 9.45 11.94 14.09 16.19 18.35 20.81 24.97 29.95 35.94 43.08 51.30
68 3.11 5.85 8.17 10.49 13.07 15.65 18.19 20.72 23.29 28.04 33.79 40.65 48.56 57.92
69 3.52 6.59 9.15 11.64 13.69 17.46 20.03 22.50 25.41 30.83 37.32 44.82 53.70 63.56
70 3.96 7.42 10.23 12.92 14.29 19.35 21.73 24.36 29.77 36.13 43.48 52.18 61.86 72.82
71 5.12 8.37 11.45 13.60 16.68 20.98 23.34 29.46 33.26 40.29 48.58 57.85 68.36 80.47
72 6.61 9.43 12.82 15.90 19.04 22.34 25.90 29.84 34.37 42.01 50.51 60.20 71.41 84.47
73 7.76 11.57 14.98 18.03 20.88 23.79 27.05 32.84 36.34 44.28 53.29 63.73 75.93 90.04
74 9.19 12.82 16.47 19.94 23.05 25.96 31.36 35.20 39.28 48.05 57.91 69.45 82.84 98.18
75 10.86 13.68 17.86 22.29 25.20 29.93 34.07 38.44 47.98 57.38 68.97 82.28 97.55 114.77
76 11.16 15.26 19.75 24.44 28.52 32.92 37.53 46.25 56.86 68.49 81.73 96.92 114.06 133.15
77 11.50 16.52 21.73 27.19 31.83 36.65 44.61 55.42 62.68 78.49 93.31 110.06 128.75 149.34
78 12.21 17.77 23.85 30.78 35.81 43.03 54.04 61.90 78.17 93.21 109.94 128.60 149.17 165.54
79 13.14 19.33 26.64 34.99 41.54 52.70 61.15 76.89 83.87 99.88 117.52 137.03 157.11 178.13
80 14.13 21.51 30.14 40.09 51.42 60.40 75.65 82.96 95.96 113.48 132.60 152.32 173.85 210.27
81 15.38 24.31 34.66 46.46 59.74 74.47 82.09 95.04 108.69 127.63 146.94 172.66 210.09 225.56
82 17.06 28.00 40.37 54.20 69.48 81.26 94.17 107.84 114.86 146.71 172.53 209.93 225.39 241.65
83 19.65 32.82 47.35 63.24 80.51 93.33 107.03 114.13 146.18 172.41 209.78 225.23 241.49 256.08
84 23.55 38.90 55.52 73.42 92.51 106.26 113.42 145.53 171.99 209.65 225.09 241.34 255.93 271.36
85 28.89 46.29 64.88 84.51 105.50 112.74 144.92 171.60 209.19 224.97 241.21 255.80 271.22 287.54
86 35.59 54.95 75.38 97.01 112.09 144.33 171.06 208.76 224.52 241.09 255.67 271.10 287.42 304.68
87 43.42 65.29 88.02 111.44 143.79 170.55 208.38 224.11 240.66 255.57 270.99 287.30 304.57 322.81
88 52.86 78.07 103.36 143.23 170.08 208.02 223.74 240.27 255.17 270.89 287.21 304.47 322.72 342.00
89 65.22 94.02 137.72 169.60 207.71 223.40 239.92 254.80 270.53 287.12 304.38 322.63 341.93 362.33
90 81.90 131.34 165.80 207.39 223.09 239.59 254.47 270.19 286.79 304.31 322.56 341.87 362.29 383.85
91 123.13 161.42 207.08 222.79 239.30 254.17 269.89 286.49 304.02 322.50 341.81 362.24 383.82 406.63
92 155.82 206.76 222.48 239.02 253.90 269.62 286.22 303.77 322.26 341.76 362.20 383.80 406.63 430.21
93 206.45 222.18 238.73 253.64 269.37 285.98 303.53 322.05 341.57 362.17 383.78 406.63 430.21 455.16
94 221.88 238.44 253.37 269.12 285.76 303.32 321.85 341.41 362.03 383.76 406.63 430.21 455.16 481.56
95 238.15 253.10 268.88 285.54 303.12 321.67 341.25 361.92 383.70 406.63 430.21 455.16 481.56 509.49
96 252.83 268.63 285.32 302.93 321.51 341.11 361.81 383.64 406.63 430.21 455.16 481.56 509.49 539.05
97 268.38 285.10 302.74 321.35 340.98 361.71 383.58 406.63 430.21 455.16 481.56 509.49 539.05 570.31
98 284.88 302.55 321.19 340.86 361.62 383.53 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39
99 302.36 321.03 340.73 361.54 383.48 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38
[2001 VBT ANB Male Non Smoker (ages 51 - 99) chart continued on this page]
ATT
15 16 17 18 19 20 21 22 23 24 25 ULT AGE
11.79 13.19 14.17 15.41 17.25 19.52 22.36 25.46 28.72 32.22 35.74 40.08 76
12.79 14.13 15.33 17.15 19.40 22.08 25.13 28.35 31.78 35.59 39.52 44.47 77
13.81 15.25 17.05 19.28 21.68 24.83 27.99 31.37 35.12 39.38 43.88 49.61 78
15.17 16.95 19.16 21.60 24.37 27.68 31.01 34.69 38.88 43.74 48.96 55.56 79
16.85 19.04 21.52 24.15 27.15 30.67 34.30 38.42 43.20 48.84 54.86 62.05 80
18.92 21.50 24.13 26.85 30.02 33.88 37.95 42.67 48.23 54.71 61.28 69.45 81
21.47 24.10 26.82 29.67 33.16 37.50 42.15 47.64 54.05 61.13 68.60 77.12 82
24.06 26.78 29.64 32.76 36.68 41.66 47.07 53.40 60.40 68.45 76.20 85.36 83
26.72 29.58 32.71 36.24 40.74 46.54 52.77 59.68 67.64 76.05 84.35 94.49 84
29.51 32.64 36.17 40.24 45.50 52.18 58.99 66.84 75.13 84.16 93.33 104.68 85
32.55 36.08 40.16 44.92 50.99 58.34 66.08 74.26 83.18 93.15 103.43 115.99 86
35.98 40.05 44.81 50.34 57.00 65.38 73.44 82.24 92.08 103.26 114.64 128.32 87
39.68 44.68 50.21 56.25 63.86 72.68 81.36 91.09 102.12 114.49 126.86 141.51 88
43.89 50.05 56.09 63.00 70.98 80.54 90.14 101.04 113.25 126.73 139.93 155.38 89
49.01 55.90 62.81 70.02 78.63 89.25 100.02 112.09 125.40 139.84 153.70 169.81 90
54.64 62.65 69.82 77.55 87.07 98.96 110.89 124.07 138.34 153.59 167.99 183.19 91
61.01 69.66 77.36 85.90 96.59 109.74 122.77 136.88 151.96 167.89 181.24 197.07 92
68.29 77.20 85.71 95.31 107.13 121.50 135.46 150.38 166.14 181.16 195.01 211.63 93
74.74 85.57 95.12 105.75 118.64 134.08 148.85 164.43 179.30 194.94 211.55 226.96 94
85.45 94.99 105.57 117.15 130.97 147.35 162.76 177.45 192.91 211.50 226.83 242.98 95
94.57 105.45 116.98 129.35 143.97 161.14 175.68 190.97 211.47 226.76 242.88 257.32 96
99.56 116.78 129.20 142.22 157.49 173.96 189.09 211.44 226.72 242.86 257.32 272.49 97
106.19 124.37 142.10 155.63 170.07 187.28 211.41 226.69 242.80 257.32 272.49 288.55 98
115.49 134.77 155.54 168.11 183.15 211.38 226.66 242.76 257.32 272.49 288.55 305.55 99
133.96 155.54 168.06 181.09 211.35 226.63 242.72 257.32 272.49 288.55 305.55 323.54 100
154.18 167.80 180.79 211.32 226.60 242.68 257.32 272.49 288.55 305.55 323.54 342.58 101
165.74 180.53 211.00 226.57 242.64 257.32 272.49 288.55 305.55 323.54 342.58 362.74 102
180.29 210.72 226.26 242.60 257.28 272.49 288.55 305.55 323.54 342.58 362.74 384.06 103
210.48 225.99 242.31 256.96 272.45 288.55 305.55 323.54 342.58 362.74 384.06 406.63 104
225.76 242.05 256.69 272.16 288.51 305.55 323.54 342.58 362.74 384.06 406.63 430.21 105
241.84 256.46 271.91 288.25 305.52 323.54 342.58 362.74 384.06 406.63 430.21 455.16 106
256.26 271.70 288.03 305.29 323.51 342.58 362.74 384.06 406.63 430.21 455.16 481.56 107
271.52 287.84 305.10 323.32 342.55 362.74 384.06 406.63 430.21 455.16 481.56 509.49 108
287.68 304.94 323.16 342.41 362.71 384.06 406.63 430.21 455.16 481.56 509.49 539.05 109
304.80 323.03 342.28 362.61 384.05 406.63 430.21 455.16 481.56 509.49 539.05 570.31 110
322.91 342.18 362.53 384.00 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 111
342.08 362.45 383.95 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 112
362.39 383.91 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 113
383.88 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 114
406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 115
430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 116
455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 117
481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 118
509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 119
539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00 120
570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00 1000.00
603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00 1000.00 1000.00
638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00 1000.00 1000.00 1000.00
675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00 1000.00 1000.00 1000.00 1000.00
2001 VBT ANB Male Smoker
Issue Annual Premiums per $1,000
Age
Duration
1 2 3 4 5 6 7 8 9 10 11 12 13 14
0 0.90 0.49 0.32 0.20 0.14 0.14 0.15 0.15 0.15 0.16 0.16 0.20 0.26 0.31
1 0.40 0.29 0.19 0.14 0.14 0.14 0.15 0.15 0.15 0.16 0.18 0.22 0.28 0.33
2 0.28 0.19 0.14 0.14 0.14 0.14 0.15 0.15 0.15 0.16 0.19 0.25 0.29 0.40
3 0.17 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.15 0.18 0.24 0.28 0.39 0.62
4 0.13 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.18 0.23 0.28 0.39 0.62 0.78
5 0.13 0.13 0.13 0.14 0.14 0.14 0.15 0.17 0.22 0.27 0.39 0.61 0.78 0.93
6 0.13 0.13 0.13 0.14 0.14 0.14 0.17 0.22 0.26 0.38 0.61 0.78 0.93 1.06
7 0.13 0.13 0.13 0.14 0.14 0.17 0.21 0.26 0.37 0.61 0.78 0.93 1.06 1.14
8 0.13 0.13 0.13 0.14 0.16 0.20 0.25 0.37 0.60 0.78 0.93 1.05 1.13 1.19
9 0.13 0.13 0.13 0.16 0.19 0.25 0.36 0.60 0.78 0.93 1.05 1.13 1.19 1.24
10 0.13 0.13 0.15 0.19 0.25 0.35 0.60 0.77 0.93 1.05 1.13 1.18 1.22 1.27
11 0.13 0.15 0.18 0.24 0.34 0.60 0.77 0.93 1.03 1.11 1.16 1.21 1.26 1.33
12 0.14 0.17 0.24 0.33 0.60 0.77 0.93 1.03 1.10 1.15 1.20 1.24 1.32 1.41
13 0.16 0.23 0.32 0.60 0.77 0.93 1.02 1.09 1.14 1.18 1.23 1.30 1.38 1.46
14 0.22 0.31 0.60 0.77 0.93 1.02 1.08 1.12 1.17 1.21 1.27 1.36 1.44 1.51
15 0.30 0.60 0.77 0.93 1.01 1.05 1.11 1.15 1.20 1.26 1.35 1.41 1.50 1.53
16 0.60 0.77 0.93 1.01 1.05 1.09 1.14 1.18 1.24 1.31 1.38 1.45 1.50 1.55
17 0.77 0.93 1.01 1.04 1.08 1.14 1.18 1.22 1.30 1.35 1.40 1.45 1.48 1.52
18 0.93 0.99 1.03 1.07 1.11 1.15 1.21 1.27 1.32 1.35 1.38 1.42 1.45 1.50
19 0.95 0.99 1.03 1.07 1.11 1.16 1.22 1.27 1.30 1.32 1.35 1.37 1.42 1.49
20 0.93 0.97 1.01 1.05 1.09 1.16 1.19 1.22 1.25 1.27 1.30 1.33 1.40 1.50
21 0.89 0.93 0.96 1.00 1.06 1.09 1.14 1.15 1.19 1.22 1.27 1.33 1.42 1.54
22 0.84 0.88 0.91 0.97 1.01 1.04 1.07 1.10 1.13 1.20 1.26 1.33 1.43 1.58
23 0.79 0.82 0.88 0.94 0.98 1.03 1.05 1.08 1.13 1.20 1.28 1.37 1.50 1.65
24 0.71 0.77 0.84 0.92 0.98 1.02 1.05 1.10 1.16 1.25 1.33 1.43 1.56 1.75
25 0.61 0.70 0.82 0.93 0.99 1.04 1.08 1.13 1.21 1.31 1.41 1.52 1.68 1.88
26 0.56 0.69 0.83 0.96 1.02 1.06 1.11 1.19 1.27 1.39 1.51 1.64 1.81 2.06
27 0.53 0.70 0.86 0.98 1.06 1.11 1.19 1.27 1.37 1.51 1.64 1.80 1.98 2.27
28 0.54 0.73 0.89 1.01 1.11 1.17 1.25 1.35 1.47 1.63 1.80 1.98 2.21 2.51
29 0.53 0.74 0.91 1.04 1.17 1.25 1.35 1.47 1.59 1.80 1.98 2.21 2.44 2.75
30 0.54 0.75 0.91 1.07 1.22 1.35 1.47 1.59 1.76 1.98 2.17 2.40 2.66 3.00
31 0.51 0.74 0.92 1.10 1.27 1.44 1.59 1.73 1.89 2.08 2.29 2.58 2.93 3.35
32 0.50 0.71 0.93 1.11 1.30 1.47 1.66 1.82 1.97 2.15 2.42 2.79 3.27 3.78
33 0.54 0.76 0.97 1.18 1.38 1.57 1.76 1.92 2.08 2.28 2.60 3.05 3.62 4.15
34 0.58 0.80 1.04 1.24 1.47 1.68 1.89 2.07 2.25 2.50 2.88 3.39 3.96 4.53
35 0.63 0.85 1.09 1.31 1.54 1.79 2.00 2.23 2.49 2.82 3.24 3.75 4.32 4.90
36 0.67 0.89 1.13 1.37 1.62 1.85 2.12 2.45 2.80 3.21 3.63 4.13 4.70 5.32
37 0.71 0.91 1.17 1.42 1.67 1.95 2.30 2.73 3.16 3.57 3.99 4.47 5.09 5.77
38 0.76 1.02 1.29 1.52 1.77 2.11 2.56 3.06 3.53 3.95 4.36 4.86 5.49 6.24
39 0.84 1.14 1.40 1.63 1.92 2.33 2.87 3.38 3.88 4.30 4.72 5.28 5.99 6.78
40 0.90 1.23 1.52 1.79 2.14 2.64 3.19 3.74 4.20 4.67 5.19 5.85 6.60 7.45
41 0.96 1.33 1.70 2.02 2.43 2.98 3.57 4.09 4.59 5.14 5.78 6.52 7.35 8.25
42 1.02 1.49 1.91 2.30 2.75 3.30 3.89 4.46 5.04 5.72 6.45 7.27 8.20 9.26
43 1.08 1.57 2.05 2.48 2.95 3.51 4.16 4.81 5.50 6.28 7.09 8.07 9.21 10.41
44 1.16 1.69 2.17 2.62 3.12 3.73 4.45 5.24 6.02 6.88 7.78 9.05 10.35 11.41
45 1.29 1.81 2.30 2.77 3.34 4.02 4.87 5.74 6.66 7.57 8.69 10.20 11.41 12.25
46 1.42 1.92 2.40 2.91 3.58 4.39 5.30 6.30 7.29 8.35 9.66 11.12 12.25 13.06
47 1.56 2.03 2.51 3.12 3.90 4.78 5.80 6.90 7.97 9.28 10.57 11.94 13.06 14.06
48 1.71 2.20 2.76 3.42 4.21 5.14 6.25 7.45 8.66 10.14 11.34 12.73 14.06 15.47
49 1.83 2.43 3.06 3.78 4.59 5.55 6.72 8.06 9.30 10.73 12.10 13.69 15.45 17.33
50 2.02 2.70 3.41 4.16 4.98 5.97 7.25 8.62 9.88 11.32 12.98 15.05 17.27 19.48
[2001 VBT ANB Male Smoker (ages 0 - 50) chart continued on this page]
ATT
15 16 17 18 19 20 21 22 23 24 25 ULT AGE
0.39 0.53 0.70 0.88 1.01 1.11 1.17 1.22 1.28 1.34 1.41 1.49 25
0.50 0.67 0.84 0.99 1.08 1.15 1.22 1.28 1.34 1.41 1.49 1.57 26
0.64 0.80 0.95 1.07 1.15 1.22 1.28 1.34 1.41 1.49 1.56 1.66 27
0.78 0.93 1.06 1.15 1.22 1.28 1.34 1.41 1.49 1.54 1.61 1.66 28
0.93 1.06 1.14 1.22 1.28 1.34 1.41 1.49 1.54 1.59 1.61 1.64 29
1.06 1.14 1.22 1.28 1.34 1.41 1.49 1.54 1.56 1.58 1.60 1.62 30
1.14 1.22 1.27 1.33 1.41 1.49 1.51 1.53 1.55 1.57 1.59 1.61 31
1.20 1.27 1.31 1.39 1.47 1.49 1.51 1.53 1.55 1.57 1.59 1.61 32
1.25 1.30 1.38 1.46 1.49 1.51 1.53 1.55 1.57 1.59 1.61 1.65 33
1.29 1.35 1.44 1.49 1.51 1.53 1.55 1.57 1.59 1.61 1.65 1.71 34
1.35 1.42 1.49 1.51 1.53 1.55 1.57 1.59 1.61 1.65 1.71 1.75 35
1.41 1.48 1.51 1.53 1.55 1.57 1.59 1.61 1.65 1.71 1.75 1.85 36
1.48 1.51 1.53 1.55 1.57 1.59 1.61 1.65 1.71 1.75 1.85 1.95 37
1.51 1.53 1.55 1.57 1.59 1.61 1.65 1.71 1.75 1.85 1.95 2.10 38
1.53 1.55 1.57 1.59 1.61 1.65 1.71 1.75 1.85 1.95 2.10 2.25 39
1.55 1.57 1.59 1.61 1.65 1.71 1.75 1.85 1.95 2.10 2.25 2.43 40
1.57 1.59 1.61 1.65 1.70 1.75 1.85 1.95 2.10 2.25 2.43 2.66 41
1.54 1.56 1.65 1.70 1.75 1.84 1.94 2.10 2.25 2.43 2.66 2.94 42
1.56 1.57 1.70 1.74 1.84 1.94 2.10 2.25 2.43 2.66 2.94 3.27 43
1.57 1.64 1.74 1.84 1.94 2.09 2.25 2.42 2.66 2.94 3.27 3.67 44
1.64 1.74 1.84 1.94 2.09 2.25 2.42 2.65 2.94 3.27 3.67 4.09 45
1.69 1.84 1.94 2.09 2.25 2.42 2.65 2.94 3.27 3.67 4.09 4.48 46
1.77 1.94 2.09 2.25 2.42 2.65 2.94 3.27 3.67 4.09 4.48 4.91 47
1.87 2.08 2.25 2.42 2.65 2.94 3.27 3.67 4.06 4.48 4.91 5.13 48
2.01 2.22 2.42 2.65 2.94 3.27 3.66 4.06 4.48 4.87 5.13 5.39 49
2.13 2.41 2.65 2.94 3.27 3.65 4.06 4.48 4.84 5.13 5.39 5.77 50
2.32 2.64 2.94 3.27 3.64 4.06 4.48 4.84 5.13 5.39 5.77 6.24 51
2.53 2.91 3.27 3.63 4.06 4.48 4.83 5.13 5.39 5.77 6.24 6.88 52
2.82 3.23 3.62 4.06 4.48 4.82 5.13 5.39 5.77 6.24 6.88 7.62 53
3.13 3.60 4.06 4.48 4.81 5.13 5.39 5.77 6.24 6.88 7.62 8.55 54
3.44 3.93 4.39 4.80 5.13 5.39 5.77 6.24 6.88 7.62 8.48 9.60 55
3.84 4.32 4.74 5.13 5.39 5.77 6.24 6.88 7.62 8.48 9.38 10.67 56
4.27 4.71 5.12 5.39 5.77 6.24 6.88 7.62 8.48 9.38 10.44 11.80 57
4.63 5.07 5.39 5.77 6.24 6.88 7.62 8.48 9.37 10.44 11.41 12.67 58
5.01 5.39 5.77 6.24 6.88 7.62 8.48 9.37 10.44 11.41 12.25 13.68 59
5.39 5.77 6.24 6.88 7.62 8.48 9.37 10.44 11.41 12.25 13.06 14.92 60
5.77 6.24 6.88 7.62 8.48 9.37 10.44 11.41 12.25 13.06 14.06 16.46 61
6.24 6.88 7.62 8.48 9.37 10.44 11.41 12.25 13.06 14.06 15.47 18.34 62
6.88 7.62 8.48 9.37 10.44 11.41 12.25 13.06 14.06 15.47 17.33 20.43 63
7.62 8.48 9.37 10.44 11.41 12.25 13.06 14.06 15.47 17.33 19.48 22.56 64
8.35 9.36 10.44 11.41 12.25 13.06 14.06 15.47 17.33 19.48 21.62 24.65 65
9.32 10.44 11.41 12.25 13.06 14.06 15.47 17.33 19.48 21.62 23.01 26.65 66
10.44 11.41 12.25 13.06 14.06 15.47 17.33 19.48 21.62 23.01 24.34 28.57 67
11.41 12.25 13.06 14.06 15.47 17.33 19.48 21.62 23.01 24.34 26.19 30.59 68
12.25 13.06 14.06 15.47 17.33 19.48 21.62 23.01 24.34 26.19 28.31 32.57 69
13.06 14.06 15.47 17.33 19.48 21.62 23.01 24.34 26.19 28.31 30.83 34.99 70
14.06 15.47 17.33 19.48 21.62 23.01 24.34 26.19 28.31 30.83 33.98 37.64 71
15.47 17.33 19.48 21.62 23.01 24.34 26.19 28.31 30.83 33.98 37.58 41.30 72
17.33 19.48 21.62 23.01 24.34 26.19 28.31 30.83 33.98 37.58 41.30 44.96 73
19.48 21.62 23.01 24.34 26.19 28.31 30.83 33.98 37.58 41.30 44.96 48.63 74
21.62 23.01 24.34 26.19 28.31 30.83 33.98 37.58 41.30 44.96 48.63 52.92 75
2001 VBT ANB Male Smoker
Issue Annual Premiums per $1,000
Age
Duration
1 2 3 4 5 6 7 8 9 10 11 12 13 14
51 2.25 3.05 3.84 4.65 5.46 6.48 7.71 9.09 10.49 12.10 14.19 16.85 19.38 21.62
52 2.50 3.43 4.34 5.17 6.00 6.96 8.20 9.66 11.28 13.30 15.85 18.88 21.48 22.99
53 2.62 3.74 4.76 5.70 6.57 7.58 8.93 10.63 12.47 14.92 17.83 20.97 22.69 24.34
54 2.72 4.05 5.24 6.24 7.13 8.27 9.88 11.89 14.00 16.79 19.79 22.16 24.31 26.19
55 2.85 4.40 5.71 6.72 7.73 9.12 11.06 13.36 15.67 18.53 20.82 23.61 26.19 28.31
56 2.97 4.67 6.08 7.23 8.43 10.16 12.44 15.00 17.41 19.63 22.36 25.53 28.31 30.83
57 3.06 4.90 6.46 7.85 9.35 11.40 13.95 16.63 19.06 21.78 24.91 28.29 30.83 33.98
58 3.30 5.19 6.92 8.59 10.47 12.81 15.47 18.12 20.46 23.55 27.06 30.83 33.98 37.58
59 3.59 5.54 7.48 9.47 11.70 14.27 16.99 19.52 21.77 25.22 29.21 33.98 37.58 41.30
60 3.99 5.99 8.12 10.43 12.99 15.72 18.43 20.90 23.06 26.99 31.62 37.02 41.30 44.96
61 4.46 6.51 8.81 11.38 14.23 17.15 19.85 22.21 24.37 28.92 34.07 39.70 44.96 48.63
62 5.00 7.11 9.57 12.40 15.52 18.62 21.37 23.76 26.03 31.12 36.49 42.20 48.26 52.82
63 5.33 7.81 10.63 13.75 17.03 20.28 23.20 25.80 28.36 33.77 39.28 45.16 51.58 57.47
64 5.56 8.55 11.78 15.18 18.73 22.17 25.34 28.30 31.20 36.85 42.60 48.89 55.90 62.74
65 5.68 9.26 12.96 16.79 20.60 24.29 27.74 31.02 34.31 40.31 46.50 53.41 61.20 68.86
66 5.72 10.29 14.32 18.32 22.57 26.36 29.83 33.24 36.83 43.16 49.92 57.58 66.42 75.84
67 6.03 11.46 15.77 20.01 24.75 28.58 32.10 35.59 39.42 46.20 53.68 62.33 72.23 83.04
68 6.92 12.74 17.40 21.84 26.58 31.09 35.25 39.17 42.91 50.34 58.81 68.52 79.20 91.29
69 7.73 14.16 19.19 23.83 27.33 33.96 37.91 41.46 45.52 53.64 63.02 73.36 85.13 97.48
70 8.61 15.74 21.14 25.98 27.97 36.81 40.17 43.70 51.77 60.88 71.15 82.85 95.23 108.58
71 11.00 17.51 23.29 26.89 32.00 39.04 42.08 48.56 56.13 65.68 76.99 89.04 102.11 116.55
72 14.04 19.46 25.67 30.88 35.81 40.64 45.54 50.64 56.24 66.16 77.41 89.72 103.40 118.75
73 16.29 23.56 29.53 34.38 38.46 42.30 46.35 54.16 57.57 67.31 78.91 91.87 106.48 122.75
74 19.08 25.74 31.95 37.32 41.57 45.07 52.33 56.34 60.20 74.65 89.48 96.73 112.39 129.65
75 22.26 27.08 34.07 40.94 44.50 50.71 55.31 59.98 72.61 88.31 95.76 111.46 128.81 147.67
76 22.42 29.60 36.97 44.06 49.46 54.83 59.86 70.63 87.16 95.29 110.42 128.41 147.44 163.87
77 22.62 31.41 39.87 48.09 54.20 59.74 69.99 86.02 95.07 109.90 124.78 143.71 159.99 178.26
78 23.51 33.08 42.89 53.39 59.62 69.18 84.90 94.85 109.39 121.55 136.23 156.20 175.96 195.12
79 24.75 35.22 46.92 59.50 68.10 83.79 94.63 108.88 119.96 132.64 152.50 173.69 194.47 222.69
80 26.02 38.36 51.99 66.82 82.70 94.41 108.37 118.40 131.13 148.38 169.44 190.16 222.69 235.97
81 27.68 42.41 58.52 75.85 94.19 107.86 116.86 130.23 146.04 164.26 189.53 222.69 235.97 249.66
82 29.99 47.74 66.68 86.63 107.36 115.34 129.33 145.25 161.92 188.90 222.69 235.97 249.66 264.85
83 33.74 54.67 76.47 98.94 113.84 128.44 144.46 159.62 188.27 222.69 235.97 249.66 264.85 277.90
84 39.45 63.29 87.65 112.36 127.56 143.68 157.35 187.64 222.69 235.97 249.66 264.85 277.90 291.56
85 47.19 73.49 100.05 126.68 142.90 155.11 187.02 222.69 235.97 249.66 264.85 277.90 291.56 305.86
86 56.64 85.33 113.87 142.13 152.90 186.40 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83
87 67.57 99.08 129.75 150.73 185.78 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48
88 80.36 115.44 148.59 185.16 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85
89 96.43 135.33 184.55 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99
90 117.67 183.94 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90
91 171.79 219.76 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63
92 210.92 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21
93 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16
94 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56
95 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49
96 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49 539.05
97 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49 539.05 570.31
98 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39
99 320.83 336.48 352.85 369.98 387.90 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38
[2001 VBT ANB Male Smoker (ages 51 - 99) chart continued on this page]
ATT
15 16 17 18 19 20 21 22 23 24 25 ULT AGE
23.01 24.34 26.19 28.31 30.83 33.98 37.58 41.30 44.96 48.63 52.82 57.47 76
24.34 26.19 28.31 30.83 33.98 37.58 41.30 44.96 48.63 52.82 57.47 62.74 77
26.19 28.31 30.83 33.98 37.58 41.30 44.96 48.63 52.82 57.47 62.74 68.86 78
28.31 30.83 33.98 37.58 41.30 44.96 48.63 52.82 57.47 62.74 68.86 75.84 79
30.83 33.98 37.58 41.30 44.96 48.63 52.82 57.47 62.74 68.86 75.84 83.27 80
33.98 37.58 41.30 44.96 48.63 52.82 57.47 62.74 68.86 75.84 83.27 91.60 81
37.58 41.30 44.96 48.63 52.82 57.47 62.74 68.86 75.84 83.27 91.60 99.95 82
41.30 44.96 48.63 52.82 57.47 62.74 68.86 75.84 83.27 91.60 99.95 108.66 83
44.96 48.63 52.82 57.47 62.74 68.86 75.84 83.27 91.60 99.95 108.66 118.11 84
48.63 52.82 57.47 62.74 68.86 75.84 83.27 91.60 99.95 108.66 118.11 129.28 85
52.82 57.47 62.74 68.86 75.84 83.27 91.60 99.95 108.66 118.11 129.28 141.51 86
57.47 62.74 68.86 75.84 83.27 91.60 99.95 108.66 118.11 129.28 141.51 154.63 87
62.74 68.86 75.84 83.27 91.60 99.95 108.66 118.11 129.28 141.51 154.63 168.39 88
68.86 75.84 83.27 91.60 99.95 108.66 118.11 129.28 141.51 154.63 168.39 182.58 89
75.84 83.27 91.60 99.95 108.66 118.11 129.28 141.51 154.63 168.39 182.58 196.98 90
83.27 91.60 99.95 108.66 118.11 129.28 140.05 154.55 168.39 182.58 196.98 209.75 91
91.60 99.95 108.66 118.11 129.28 139.33 153.25 167.64 182.51 196.98 209.75 222.69 92
99.95 108.66 118.11 129.28 138.61 151.63 166.06 181.01 196.30 209.75 222.69 235.97 93
108.66 118.11 129.28 137.89 151.34 164.12 179.12 194.47 208.34 222.69 235.97 249.66 94
118.11 129.28 137.18 146.96 163.52 176.82 192.33 206.43 222.69 235.97 249.66 264.85 95
129.28 136.47 144.81 161.64 175.84 189.50 203.78 222.69 235.97 249.66 264.85 277.90 96
135.76 142.69 160.71 172.01 188.09 200.40 222.69 235.97 249.66 264.85 277.90 291.56 97
140.60 159.79 170.12 187.75 198.51 222.69 235.97 249.66 264.85 277.90 291.56 305.86 98
148.35 168.25 185.34 197.73 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 99
167.84 182.95 197.07 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 100
180.59 196.42 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 101
195.77 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 102
222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 103
235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 104
249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 105
264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 106
277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 107
291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49 108
305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49 539.05 109
320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49 539.05 570.31 110
336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 111
352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 112
369.99 387.90 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 113
387.90 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 114
406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 115
430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 116
455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 117
481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 118
509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 119
539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00 120
570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00 1000.00
603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00 1000.00 1000.00
638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00 1000.00 1000.00 1000.00
675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00 1000.00 1000.00 1000.00 1000.00
2001 VBT ANB Female Non Smoker
Issue Annual Premiums per $1,000
Age
Duration
1 2 3 4 5 6 7 8 9 10 11 12 13 14
0 0.41 0.28 0.19 0.13 0.12 0.12 0.12 0.14 0.14 0.14 0.15 0.16 0.20 0.23
1 0.28 0.19 0.12 0.12 0.12 0.12 0.14 0.14 0.14 0.14 0.16 0.20 0.21 0.25
2 0.19 0.12 0.12 0.12 0.12 0.12 0.14 0.14 0.14 0.14 0.18 0.20 0.25 0.27
3 0.12 0.12 0.12 0.12 0.12 0.12 0.14 0.14 0.14 0.17 0.18 0.24 0.27 0.29
4 0.12 0.12 0.12 0.12 0.12 0.12 0.14 0.14 0.16 0.18 0.24 0.26 0.29 0.31
5 0.12 0.12 0.12 0.12 0.12 0.12 0.14 0.15 0.18 0.22 0.26 0.28 0.30 0.31
6 0.12 0.12 0.12 0.12 0.12 0.13 0.15 0.18 0.22 0.26 0.28 0.30 0.31 0.32
7 0.12 0.12 0.12 0.12 0.12 0.15 0.17 0.22 0.26 0.28 0.29 0.30 0.32 0.33
8 0.12 0.12 0.12 0.12 0.13 0.17 0.20 0.25 0.27 0.29 0.30 0.31 0.33 0.33
9 0.12 0.12 0.12 0.13 0.15 0.20 0.25 0.27 0.28 0.29 0.31 0.32 0.33 0.34
10 0.12 0.12 0.13 0.15 0.18 0.24 0.26 0.28 0.28 0.30 0.31 0.32 0.34 0.35
11 0.12 0.13 0.15 0.18 0.24 0.25 0.27 0.28 0.29 0.30 0.31 0.33 0.35 0.35
12 0.13 0.15 0.18 0.24 0.25 0.26 0.27 0.28 0.29 0.30 0.32 0.34 0.35 0.37
13 0.15 0.18 0.24 0.25 0.26 0.26 0.27 0.28 0.29 0.31 0.33 0.34 0.36 0.38
14 0.18 0.24 0.25 0.26 0.26 0.26 0.28 0.28 0.30 0.31 0.33 0.35 0.38 0.40
15 0.24 0.25 0.26 0.26 0.26 0.27 0.28 0.28 0.30 0.31 0.34 0.37 0.39 0.42
16 0.25 0.26 0.26 0.25 0.26 0.27 0.28 0.29 0.31 0.32 0.35 0.38 0.41 0.45
17 0.26 0.26 0.25 0.25 0.26 0.27 0.28 0.30 0.31 0.34 0.37 0.40 0.44 0.47
18 0.25 0.24 0.24 0.25 0.26 0.27 0.28 0.31 0.33 0.36 0.40 0.43 0.47 0.51
19 0.23 0.23 0.24 0.25 0.26 0.27 0.29 0.32 0.35 0.38 0.42 0.46 0.50 0.54
20 0.21 0.22 0.23 0.24 0.25 0.28 0.31 0.34 0.37 0.41 0.45 0.50 0.54 0.57
21 0.19 0.20 0.22 0.24 0.26 0.29 0.33 0.35 0.40 0.43 0.48 0.52 0.57 0.62
22 0.17 0.19 0.22 0.24 0.27 0.31 0.34 0.38 0.42 0.47 0.51 0.56 0.60 0.65
23 0.15 0.18 0.21 0.24 0.28 0.32 0.36 0.41 0.45 0.49 0.54 0.59 0.64 0.69
24 0.14 0.18 0.21 0.25 0.29 0.33 0.38 0.42 0.48 0.52 0.57 0.62 0.67 0.72
25 0.13 0.18 0.21 0.26 0.30 0.35 0.40 0.45 0.50 0.55 0.60 0.64 0.70 0.75
26 0.13 0.18 0.22 0.27 0.31 0.37 0.42 0.46 0.52 0.57 0.62 0.67 0.73 0.78
27 0.14 0.18 0.23 0.28 0.33 0.38 0.43 0.48 0.54 0.59 0.64 0.69 0.76 0.83
28 0.15 0.19 0.24 0.29 0.34 0.39 0.45 0.50 0.55 0.60 0.67 0.73 0.80 0.87
29 0.16 0.21 0.26 0.30 0.35 0.41 0.45 0.52 0.57 0.63 0.69 0.76 0.84 0.93
30 0.17 0.22 0.26 0.32 0.36 0.42 0.47 0.52 0.58 0.66 0.73 0.81 0.90 1.01
31 0.19 0.24 0.28 0.33 0.38 0.43 0.49 0.55 0.61 0.69 0.77 0.87 0.98 1.11
32 0.20 0.24 0.29 0.34 0.39 0.45 0.51 0.57 0.65 0.74 0.84 0.95 1.08 1.22
33 0.21 0.25 0.30 0.35 0.41 0.48 0.55 0.62 0.70 0.81 0.93 1.05 1.20 1.36
34 0.21 0.25 0.30 0.37 0.43 0.50 0.58 0.68 0.77 0.89 1.02 1.17 1.34 1.51
35 0.21 0.26 0.31 0.38 0.45 0.54 0.64 0.75 0.86 0.99 1.14 1.31 1.49 1.70
36 0.21 0.27 0.33 0.41 0.49 0.59 0.70 0.82 0.96 1.11 1.27 1.46 1.67 1.89
37 0.21 0.27 0.34 0.43 0.53 0.65 0.77 0.91 1.06 1.24 1.42 1.63 1.86 2.11
38 0.22 0.29 0.37 0.47 0.58 0.70 0.85 1.00 1.18 1.37 1.58 1.81 2.07 2.34
39 0.23 0.31 0.40 0.52 0.64 0.78 0.94 1.12 1.30 1.52 1.75 2.01 2.29 2.60
40 0.26 0.35 0.45 0.57 0.71 0.86 1.04 1.24 1.45 1.68 1.94 2.22 2.54 2.88
41 0.29 0.39 0.51 0.64 0.79 0.97 1.15 1.36 1.60 1.86 2.15 2.46 2.80 3.18
42 0.32 0.44 0.57 0.72 0.89 1.07 1.29 1.52 1.77 2.06 2.36 2.72 3.09 3.50
43 0.37 0.50 0.65 0.81 1.01 1.21 1.44 1.69 1.97 2.27 2.62 2.99 3.40 3.86
44 0.42 0.56 0.74 0.93 1.13 1.36 1.60 1.88 2.18 2.51 2.89 3.29 3.75 4.24
45 0.47 0.64 0.83 1.04 1.27 1.52 1.79 2.09 2.42 2.78 3.17 3.62 4.11 4.65
46 0.53 0.72 0.94 1.16 1.41 1.69 1.99 2.31 2.67 3.06 3.49 3.98 4.50 5.08
47 0.59 0.80 1.04 1.29 1.57 1.86 2.19 2.54 2.92 3.35 3.82 4.34 4.91 5.53
48 0.66 0.89 1.14 1.42 1.71 2.03 2.38 2.77 3.19 3.65 4.16 4.72 5.34 6.02
49 0.69 0.93 1.25 1.54 1.86 2.20 2.58 2.99 3.44 3.94 4.50 5.11 5.78 6.53
50 0.71 1.03 1.35 1.65 1.99 2.35 2.76 3.20 3.69 4.24 4.84 5.51 6.24 7.06
[2001 VBT ANB Female Non Smoker (ages 0 - 50) chart continued on this page]
ATT
15 16 17 18 19 20 21 22 23 24 25 ULT AGE
0.26 0.28 0.31 0.33 0.34 0.36 0.36 0.37 0.38 0.38 0.39 0.39 25
0.28 0.30 0.32 0.33 0.35 0.36 0.37 0.38 0.38 0.38 0.39 0.41 26
0.29 0.32 0.33 0.35 0.35 0.37 0.38 0.38 0.38 0.39 0.40 0.44 27
0.31 0.32 0.34 0.35 0.36 0.37 0.38 0.38 0.39 0.40 0.43 0.45 28
0.32 0.33 0.34 0.36 0.37 0.37 0.38 0.39 0.40 0.43 0.45 0.48 29
0.33 0.34 0.35 0.37 0.37 0.38 0.39 0.40 0.43 0.45 0.48 0.49 30
0.33 0.35 0.36 0.37 0.38 0.39 0.40 0.43 0.45 0.47 0.48 0.52 31
0.34 0.36 0.36 0.38 0.39 0.40 0.43 0.45 0.47 0.48 0.52 0.55 32
0.35 0.36 0.37 0.39 0.40 0.43 0.45 0.47 0.48 0.52 0.54 0.58 33
0.35 0.37 0.39 0.40 0.42 0.45 0.47 0.48 0.52 0.54 0.58 0.63 34
0.36 0.38 0.39 0.42 0.45 0.47 0.48 0.52 0.54 0.58 0.63 0.69 35
0.38 0.39 0.41 0.44 0.47 0.48 0.51 0.54 0.57 0.62 0.68 0.73 36
0.38 0.41 0.44 0.46 0.48 0.51 0.54 0.57 0.62 0.68 0.73 0.80 37
0.40 0.44 0.46 0.48 0.51 0.54 0.57 0.62 0.68 0.73 0.78 0.83 38
0.43 0.46 0.48 0.51 0.54 0.57 0.62 0.68 0.72 0.77 0.82 0.87 39
0.45 0.48 0.51 0.54 0.57 0.62 0.68 0.72 0.77 0.82 0.87 0.92 40
0.48 0.51 0.54 0.57 0.62 0.68 0.72 0.77 0.81 0.87 0.91 0.97 41
0.51 0.54 0.57 0.62 0.68 0.72 0.77 0.81 0.87 0.91 0.97 1.04 42
0.54 0.57 0.62 0.68 0.72 0.77 0.81 0.87 0.91 0.97 1.04 1.12 43
0.57 0.62 0.68 0.72 0.77 0.81 0.87 0.91 0.97 1.04 1.12 1.21 44
0.62 0.68 0.72 0.77 0.81 0.87 0.91 0.97 1.04 1.12 1.21 1.33 45
0.66 0.72 0.76 0.81 0.86 0.91 0.97 1.04 1.12 1.21 1.33 1.47 46
0.70 0.75 0.80 0.86 0.91 0.97 1.04 1.12 1.21 1.33 1.47 1.64 47
0.73 0.79 0.84 0.90 0.97 1.04 1.12 1.21 1.33 1.47 1.64 1.83 48
0.77 0.83 0.88 0.95 1.03 1.12 1.21 1.33 1.47 1.64 1.83 2.04 49
0.80 0.87 0.94 1.02 1.11 1.21 1.33 1.47 1.64 1.83 2.04 2.29 50
0.85 0.92 1.01 1.09 1.21 1.33 1.47 1.64 1.83 2.04 2.29 2.56 51
0.90 0.99 1.08 1.19 1.32 1.47 1.64 1.83 2.04 2.29 2.56 2.88 52
0.96 1.07 1.17 1.31 1.46 1.62 1.83 2.04 2.29 2.56 2.88 3.22 53
1.04 1.15 1.30 1.45 1.61 1.81 2.04 2.29 2.56 2.88 3.22 3.58 54
1.13 1.27 1.43 1.60 1.80 2.02 2.28 2.56 2.87 3.21 3.58 3.96 55
1.25 1.41 1.58 1.79 2.01 2.26 2.55 2.86 3.20 3.57 3.96 4.41 56
1.39 1.56 1.77 1.99 2.24 2.51 2.83 3.18 3.56 3.95 4.40 4.88 57
1.54 1.75 1.97 2.22 2.49 2.80 3.15 3.52 3.94 4.38 4.87 5.39 58
1.72 1.95 2.20 2.47 2.77 3.11 3.49 3.89 4.34 4.82 5.34 5.89 59
1.92 2.17 2.45 2.75 3.08 3.44 3.85 4.30 4.77 5.29 5.83 6.41 60
2.15 2.42 2.73 3.06 3.42 3.81 4.25 4.73 5.23 5.78 6.36 6.97 61
2.39 2.69 3.03 3.39 3.79 4.21 4.68 5.20 5.74 6.31 6.93 7.58 62
2.65 2.99 3.35 3.75 4.18 4.64 5.15 5.69 6.27 6.88 7.53 8.21 63
2.93 3.30 3.71 4.14 4.61 5.11 5.65 6.23 6.84 7.49 8.18 8.90 64
3.24 3.65 4.09 4.56 5.06 5.61 6.19 6.82 7.47 8.16 8.88 9.66 65
3.58 4.03 4.51 5.02 5.57 6.16 6.79 7.45 8.15 8.87 9.65 10.50 66
3.95 4.43 4.95 5.51 6.11 6.75 7.43 8.14 8.87 9.64 10.48 11.42 67
4.35 4.88 5.45 6.06 6.71 7.40 8.12 8.86 9.63 10.47 11.40 12.45 68
4.78 5.35 5.97 6.64 7.35 8.10 8.86 9.63 10.46 11.39 12.41 13.58 69
5.23 5.86 6.55 7.27 8.05 8.86 9.62 10.46 11.37 12.41 13.53 14.84 70
5.72 6.40 7.13 7.93 8.79 9.62 10.46 11.37 12.40 13.52 14.79 16.29 71
6.22 6.96 7.77 8.64 9.59 10.45 11.37 12.40 13.52 14.77 16.24 17.91 72
6.77 7.57 8.44 9.40 10.44 11.37 12.38 13.50 14.77 16.24 17.83 19.67 73
7.35 8.23 9.19 10.24 11.35 12.38 13.50 14.77 16.24 17.83 19.60 21.60 74
7.96 8.93 9.99 11.16 12.37 13.50 14.77 16.24 17.83 19.60 21.56 23.75 75
2001 VBT ANB Female Non Smoker
Issue Annual Premiums per $1,000
Age
Duration
1 2 3 4 5 6 7 8 9 10 11 12 13 14
51 0.76 1.16 1.47 1.77 2.13 2.51 2.94 3.42 3.95 4.54 5.20 5.92 6.73 7.63
52 0.79 1.30 1.59 1.90 2.26 2.66 3.11 3.62 4.20 4.85 5.56 6.36 7.24 8.23
53 0.84 1.39 1.71 2.02 2.39 2.81 3.29 3.84 4.46 5.17 5.95 6.83 7.81 8.90
54 0.88 1.49 1.84 2.15 2.53 2.97 3.48 4.07 4.74 5.50 6.37 7.34 8.43 9.65
55 0.93 1.60 1.98 2.30 2.69 3.15 3.69 4.32 5.05 5.89 6.84 7.92 9.13 10.49
56 1.03 1.72 2.15 2.49 2.89 3.38 3.96 4.64 5.44 6.35 7.40 8.59 9.94 11.48
57 1.09 1.85 2.34 2.69 3.13 3.65 4.28 5.03 5.89 6.89 8.04 9.36 10.86 12.57
58 1.12 1.98 2.53 2.91 3.39 3.97 4.66 5.48 6.42 7.53 8.79 10.25 11.91 13.82
59 1.22 2.10 2.74 3.16 3.68 4.32 5.08 5.98 7.03 8.26 9.66 11.28 13.12 15.22
60 1.28 2.23 2.95 3.40 3.98 4.70 5.55 6.56 7.73 9.09 10.66 12.44 14.52 16.85
61 1.34 2.35 3.15 3.65 4.29 5.09 6.04 7.17 8.50 10.02 11.79 13.79 16.09 18.70
62 1.44 2.49 3.35 3.89 4.60 5.49 6.56 7.83 9.33 11.05 13.04 15.32 17.90 20.83
63 1.61 2.63 3.54 4.12 4.90 5.89 7.10 8.54 10.23 12.20 14.45 17.03 19.94 23.22
64 1.81 3.37 3.75 4.36 5.21 6.31 7.67 9.30 11.22 13.44 16.01 18.94 22.23 25.90
65 2.06 3.58 3.96 4.61 5.54 6.76 8.29 10.14 12.31 14.84 17.76 21.06 24.75 28.92
66 2.16 3.84 4.21 4.90 5.93 7.29 9.02 11.11 13.60 16.46 19.74 23.49 27.67 32.36
67 2.23 4.11 4.48 5.24 6.39 7.93 9.88 12.24 15.03 18.30 22.02 26.22 30.96 36.20
68 2.53 4.41 4.83 5.68 6.96 8.69 10.90 13.57 16.74 20.41 24.60 29.33 34.63 40.49
69 2.85 4.75 5.23 6.19 7.66 9.62 12.10 15.14 18.70 22.83 27.54 32.84 38.73 45.07
70 3.22 5.12 5.71 6.83 8.50 10.74 13.56 16.97 20.99 25.62 30.85 36.77 43.32 49.65
71 3.67 5.55 6.28 7.60 9.54 12.09 15.27 19.12 23.62 28.80 34.64 41.18 48.47 54.62
72 5.55 6.02 6.95 8.52 10.77 13.70 17.31 21.62 26.66 32.43 38.92 46.15 54.13 58.93
73 6.02 6.59 7.75 9.63 12.25 15.58 19.66 24.50 30.12 36.54 43.71 51.68 58.37 65.19
74 6.55 7.28 8.74 10.98 13.99 17.79 22.39 27.81 34.06 41.15 49.06 57.75 64.85 72.03
75 7.13 8.14 9.95 12.59 16.06 20.37 25.53 31.60 38.53 46.37 55.00 64.53 71.88 79.68
76 7.87 9.21 11.41 14.48 18.44 23.29 29.04 35.72 43.34 51.87 61.28 71.64 79.60 88.04
77 8.90 10.60 13.21 16.75 21.21 26.62 33.00 40.35 48.65 58.01 68.25 79.49 87.95 96.77
78 10.27 12.36 15.42 19.44 24.46 30.44 37.47 45.54 54.59 64.77 75.80 87.95 96.77 106.37
79 10.80 14.61 18.12 22.65 28.20 34.84 42.55 51.30 61.16 72.11 84.10 96.67 106.26 116.68
80 12.09 17.41 21.37 26.43 32.56 39.80 48.21 57.72 68.37 80.19 93.00 106.15 116.56 127.99
81 13.63 20.82 25.25 30.81 37.56 45.44 54.52 64.78 76.25 88.96 102.71 116.56 127.99 140.55
82 15.34 24.95 29.82 35.91 43.20 51.73 61.51 72.54 84.85 98.47 113.15 127.86 140.40 154.33
83 17.05 29.79 35.16 41.75 49.62 58.80 69.21 81.02 94.17 108.69 124.33 140.40 154.17 169.29
84 21.22 35.12 41.31 48.38 56.76 66.56 77.74 90.33 104.23 119.54 136.13 154.17 169.29 185.89
85 25.52 41.27 48.30 55.79 64.76 75.10 86.96 100.31 115.04 131.25 148.81 167.85 185.70 203.92
86 33.63 48.25 55.79 64.10 73.51 84.52 97.07 111.07 126.61 143.73 162.26 182.33 203.92 223.68
87 39.43 55.73 64.03 73.30 83.19 94.68 107.87 122.60 138.96 156.97 176.47 197.61 220.17 244.33
88 49.69 64.03 73.22 83.10 93.73 105.76 119.50 134.93 152.09 170.99 191.27 213.44 237.11 262.47
89 61.50 73.22 83.10 93.64 105.06 117.60 131.92 148.05 166.01 185.61 207.02 230.03 254.81 281.38
90 73.22 83.10 93.64 105.06 117.23 130.39 145.31 161.98 180.72 201.18 223.34 247.36 273.27 301.05
91 83.10 93.64 105.06 117.23 130.26 143.91 159.40 176.72 196.02 217.34 240.41 265.46 292.20 321.18
92 93.64 105.06 117.23 130.26 143.91 158.29 174.32 192.27 212.11 234.24 258.24 284.03 312.16 342.04
93 105.06 117.23 130.26 143.91 158.29 173.52 189.88 208.43 229.19 251.92 276.55 303.63 332.56 363.64
94 117.23 130.26 143.91 158.29 173.52 189.62 206.45 225.38 246.83 270.09 295.88 323.66 353.69 385.97
95 130.26 143.91 158.29 173.52 189.62 206.45 223.65 243.11 264.98 289.27 315.66 344.42 375.54 409.03
96 143.91 158.29 173.52 189.62 206.45 223.65 241.65 261.64 284.17 308.92 336.16 365.90 398.12 432.83
97 158.29 173.52 189.62 206.45 223.65 241.65 260.46 280.96 303.82 329.30 357.39 388.10 421.42 457.36
98 173.52 189.62 206.45 223.65 241.65 260.46 280.09 300.78 324.22 350.40 379.34 411.02 445.45 482.63
99 189.62 206.45 223.65 241.65 260.46 280.09 300.24 321.36 345.36 372.24 402.01 434.66 470.20 508.63
[2001 VBT ANB Female Non Smoker (ages 51 - 99) chart continued on this page]
ATT
15 16 17 18 19 20 21 22 23 24 25 ULT AGE
8.61 9.69 10.87 12.17 13.48 14.77 16.24 17.83 19.60 21.56 23.67 26.10 76
9.33 10.52 11.84 13.30 14.73 16.24 17.83 19.60 21.56 23.67 26.02 28.69 77
10.12 11.44 12.94 14.57 16.18 17.83 19.60 21.56 23.67 26.02 28.57 31.55 78
11.01 12.50 14.15 15.99 17.77 19.58 21.54 23.67 26.02 28.57 31.41 34.64 79
12.01 13.70 15.56 17.62 19.52 21.54 23.67 26.02 28.57 31.41 34.53 38.08 80
13.16 15.06 17.17 19.46 21.45 23.65 25.99 28.57 31.41 34.50 37.92 42.85 81
14.47 16.59 18.97 21.38 23.55 25.96 28.54 31.38 34.50 37.88 41.64 48.24 82
15.93 18.33 20.98 23.47 25.86 28.51 31.35 34.46 37.88 41.64 45.78 53.57 83
17.60 20.26 23.23 25.77 28.39 31.32 34.43 37.84 41.60 45.73 50.27 59.45 84
19.48 22.44 25.66 28.30 31.18 34.39 37.80 41.55 45.73 50.27 55.19 66.09 85
21.63 24.93 28.18 31.09 34.25 37.72 41.51 45.64 50.22 55.19 60.68 72.00 86
24.11 27.79 30.95 34.14 37.61 41.42 45.59 50.16 55.14 60.61 66.69 81.13 87
26.90 30.86 33.99 37.49 41.29 45.49 50.06 55.08 60.55 66.62 73.23 90.64 88
30.02 33.89 37.33 41.16 45.35 49.90 54.97 60.49 66.55 73.16 80.42 100.76 89
33.52 37.21 40.99 45.21 49.75 54.79 60.36 66.42 73.08 80.34 88.40 109.94 90
37.17 40.95 45.16 49.70 54.74 60.30 66.35 73.01 80.34 88.31 97.06 114.02 91
40.95 45.12 49.70 54.74 60.24 66.28 72.93 80.25 88.22 97.06 106.59 122.83 92
45.07 49.65 54.68 60.18 66.28 72.93 80.17 88.22 96.96 106.59 117.16 136.28 93
49.65 54.62 60.18 66.21 72.86 80.17 88.22 96.96 106.59 117.16 128.64 153.46 94
54.62 60.18 66.21 72.86 80.17 88.13 96.86 106.48 117.04 128.64 141.40 174.88 95
59.55 65.87 72.63 80.09 88.13 96.86 106.48 116.92 128.51 141.40 155.11 195.08 96
65.53 72.48 79.93 88.13 96.86 106.48 116.92 128.51 141.26 154.95 170.15 215.88 97
72.26 79.84 88.13 96.86 106.48 116.92 128.51 141.26 154.95 169.98 186.45 217.88 98
79.76 88.04 96.77 106.48 116.80 128.38 141.12 154.80 169.98 186.45 204.53 228.37 99
88.04 96.77 106.48 116.80 128.38 141.12 154.80 169.98 186.45 204.53 224.13 245.85 100
96.77 106.37 116.80 128.38 140.97 154.80 169.81 186.26 204.33 224.13 245.85 269.42 101
106.37 116.80 128.25 140.97 154.64 169.81 186.26 204.33 224.13 245.85 269.42 295.54 102
116.68 128.25 140.83 154.64 169.64 186.26 204.33 224.13 245.61 269.42 295.24 323.87 103
128.12 140.83 154.48 169.64 186.07 204.33 224.13 245.61 269.42 295.24 323.22 354.91 104
140.55 154.48 169.47 186.07 204.12 223.91 245.61 269.42 295.24 322.57 354.91 388.35 105
154.33 169.47 186.07 204.12 223.91 245.61 269.42 295.24 322.25 354.91 388.35 422.59 106
169.47 185.89 204.12 223.91 245.61 269.42 295.24 321.60 354.91 388.35 422.59 457.63 107
185.89 204.12 223.91 245.61 269.42 295.24 320.96 354.91 388.35 422.59 457.63 492.87 108
203.92 223.91 245.61 269.15 295.24 320.31 354.91 388.35 422.59 457.63 492.87 529.51 109
223.68 245.61 269.15 295.24 319.98 354.91 388.35 422.59 457.63 492.87 529.51 566.95 110
245.36 269.15 295.24 319.34 354.91 388.35 422.59 457.63 492.87 529.51 566.95 603.00 111
269.15 295.24 318.69 354.91 388.35 422.16 457.17 492.87 529.51 566.95 603.00 638.00 112
289.53 318.30 348.43 380.22 413.65 448.74 485.48 523.87 563.92 603.00 638.00 670.00 113
309.73 339.55 371.11 404.40 439.43 476.21 514.72 554.96 596.95 638.00 670.00 714.50 114
330.39 361.57 394.57 429.40 466.07 504.56 544.89 587.04 631.03 670.00 714.50 756.00 115
351.80 384.34 418.82 455.22 493.55 533.81 575.99 620.10 666.14 714.10 756.00 799.00 116
373.95 407.89 443.86 481.86 521.88 563.94 608.03 654.14 702.29 752.46 799.00 846.00 117
396.85 432.20 469.69 509.31 551.07 594.97 641.00 689.17 739.47 791.91 846.00 889.48 118
420.50 457.27 496.30 537.58 581.10 626.88 674.90 725.17 777.69 832.46 889.48 933.63 119
444.89 483.12 523.71 566.67 611.99 659.68 709.74 762.16 816.95 874.11 933.63 1000.00 120
470.03 509.72 551.90 596.57 643.73 693.38 745.51 800.14 857.25 916.85 1000.00 1000.00
495.92 537.10 580.89 627.30 676.32 727.96 782.22 839.09 898.58 1000.00 1000.00 1000.00
522.56 565.24 610.66 658.84 709.76 763.43 819.86 879.03 1000.00 1000.00 1000.00 1000.00
549.94 594.14 641.23 691.20 744.06 799.80 858.43 1000.00 1000.00 1000.00 1000.00 1000.00
2001 VBT ANB Female Smoker
Issue Annual Premiums per $1,000
Age
Duration
1 2 3 4 5 6 7 8 9 10 11 12 13 14
0 0.41 0.28 0.19 0.13 0.12 0.12 0.12 0.14 0.14 0.14 0.15 0.16 0.20 0.23
1 0.28 0.19 0.12 0.12 0.12 0.12 0.14 0.14 0.14 0.14 0.16 0.20 0.21 0.25
2 0.19 0.12 0.12 0.12 0.12 0.12 0.14 0.14 0.14 0.14 0.18 0.20 0.25 0.27
3 0.12 0.12 0.12 0.12 0.12 0.12 0.14 0.14 0.14 0.17 0.18 0.24 0.27 0.31
4 0.12 0.12 0.12 0.12 0.12 0.12 0.14 0.14 0.16 0.18 0.24 0.26 0.31 0.34
5 0.12 0.12 0.12 0.12 0.12 0.12 0.14 0.15 0.18 0.22 0.26 0.30 0.33 0.37
6 0.12 0.12 0.12 0.12 0.12 0.13 0.15 0.18 0.22 0.26 0.30 0.33 0.37 0.40
7 0.12 0.12 0.12 0.12 0.12 0.15 0.17 0.22 0.26 0.30 0.32 0.36 0.40 0.43
8 0.12 0.12 0.12 0.12 0.13 0.17 0.20 0.25 0.29 0.32 0.36 0.39 0.43 0.46
9 0.12 0.12 0.12 0.13 0.15 0.20 0.25 0.29 0.31 0.35 0.39 0.41 0.46 0.49
10 0.12 0.12 0.13 0.15 0.18 0.24 0.27 0.31 0.34 0.38 0.40 0.44 0.49 0.52
11 0.12 0.13 0.15 0.18 0.24 0.26 0.30 0.34 0.36 0.40 0.43 0.47 0.52 0.55
12 0.13 0.15 0.18 0.24 0.26 0.29 0.33 0.35 0.39 0.42 0.46 0.50 0.55 0.59
13 0.15 0.18 0.24 0.26 0.29 0.31 0.34 0.38 0.40 0.45 0.49 0.53 0.58 0.63
14 0.18 0.24 0.26 0.29 0.30 0.33 0.36 0.39 0.43 0.46 0.52 0.57 0.62 0.67
15 0.24 0.26 0.29 0.30 0.33 0.35 0.38 0.40 0.45 0.49 0.55 0.60 0.66 0.71
16 0.26 0.29 0.30 0.32 0.34 0.37 0.39 0.43 0.48 0.52 0.57 0.64 0.70 0.77
17 0.29 0.30 0.32 0.33 0.35 0.38 0.42 0.46 0.51 0.56 0.62 0.69 0.76 0.83
18 0.29 0.31 0.32 0.34 0.37 0.39 0.44 0.50 0.55 0.60 0.67 0.75 0.82 0.91
19 0.29 0.31 0.33 0.36 0.38 0.42 0.47 0.52 0.59 0.64 0.73 0.81 0.90 0.98
20 0.28 0.30 0.33 0.36 0.40 0.46 0.51 0.56 0.63 0.70 0.79 0.89 0.98 1.06
21 0.26 0.29 0.33 0.37 0.42 0.48 0.55 0.60 0.69 0.76 0.85 0.95 1.04 1.15
22 0.25 0.28 0.34 0.39 0.45 0.51 0.58 0.66 0.75 0.84 0.93 1.03 1.12 1.23
23 0.23 0.28 0.33 0.40 0.47 0.54 0.62 0.71 0.80 0.90 0.99 1.11 1.20 1.31
24 0.22 0.29 0.35 0.42 0.49 0.58 0.66 0.75 0.86 0.96 1.07 1.16 1.28 1.37
25 0.21 0.29 0.36 0.44 0.53 0.61 0.72 0.81 0.92 1.02 1.13 1.22 1.33 1.45
26 0.21 0.29 0.38 0.46 0.55 0.65 0.76 0.85 0.96 1.08 1.19 1.28 1.41 1.53
27 0.23 0.31 0.40 0.48 0.59 0.69 0.78 0.89 1.01 1.12 1.23 1.35 1.48 1.63
28 0.25 0.33 0.42 0.52 0.61 0.71 0.82 0.93 1.05 1.16 1.29 1.43 1.58 1.73
29 0.27 0.37 0.45 0.54 0.65 0.75 0.85 0.98 1.09 1.22 1.35 1.51 1.68 1.87
30 0.30 0.39 0.47 0.58 0.67 0.78 0.89 1.00 1.13 1.28 1.43 1.61 1.81 2.04
31 0.34 0.42 0.51 0.60 0.71 0.82 0.93 1.06 1.19 1.36 1.53 1.74 1.99 2.26
32 0.36 0.44 0.53 0.64 0.73 0.86 0.99 1.12 1.29 1.48 1.69 1.93 2.20 2.51
33 0.38 0.46 0.55 0.66 0.79 0.92 1.06 1.22 1.40 1.63 1.88 2.15 2.47 2.82
34 0.38 0.47 0.58 0.70 0.83 0.98 1.14 1.35 1.56 1.81 2.09 2.42 2.79 3.18
35 0.38 0.49 0.60 0.74 0.89 1.07 1.27 1.50 1.75 2.04 2.36 2.73 3.14 3.59
36 0.39 0.51 0.64 0.80 0.97 1.17 1.41 1.67 1.95 2.28 2.64 3.04 3.51 3.99
37 0.41 0.54 0.68 0.86 1.06 1.30 1.56 1.86 2.18 2.56 2.96 3.41 3.89 4.45
38 0.44 0.58 0.74 0.94 1.18 1.44 1.74 2.07 2.45 2.84 3.29 3.78 4.33 4.92
39 0.48 0.64 0.82 1.06 1.32 1.61 1.95 2.32 2.71 3.18 3.67 4.21 4.79 5.45
40 0.54 0.72 0.94 1.20 1.48 1.81 2.18 2.59 3.04 3.53 4.06 4.65 5.30 6.01
41 0.62 0.82 1.08 1.36 1.67 2.04 2.43 2.88 3.38 3.93 4.51 5.16 5.86 6.61
42 0.70 0.96 1.24 1.56 1.91 2.30 2.75 3.23 3.77 4.36 4.99 5.70 6.45 7.27
43 0.82 1.10 1.42 1.78 2.19 2.62 3.10 3.64 4.21 4.84 5.54 6.28 7.10 7.98
44 0.95 1.27 1.64 2.06 2.49 2.97 3.49 4.07 4.70 5.38 6.12 6.92 7.80 8.75
45 1.09 1.47 1.89 2.34 2.83 3.37 3.93 4.56 5.24 5.97 6.75 7.62 8.56 9.57
46 1.23 1.67 2.14 2.63 3.18 3.76 4.39 5.05 5.79 6.57 7.42 8.34 9.33 10.40
47 1.40 1.88 2.39 2.94 3.55 4.18 4.85 5.57 6.36 7.21 8.10 9.09 10.14 11.28
48 1.58 2.11 2.67 3.28 3.90 4.59 5.31 6.10 6.94 7.84 8.82 9.85 10.99 12.20
49 1.66 2.23 2.94 3.59 4.27 5.00 5.77 6.60 7.51 8.48 9.52 10.65 11.86 13.17
50 1.75 2.50 3.21 3.88 4.60 5.37 6.20 7.10 8.06 9.12 10.23 11.46 12.76 14.17
[2001 VBT ANB Female Smoker (ages 0 - 50) chart continued on this page]
ATT
15 16 17 18 19 20 21 22 23 24 25 ULT AGE
0.26 0.28 0.33 0.37 0.41 0.45 0.48 0.51 0.54 0.56 0.60 0.64 25
0.28 0.32 0.36 0.40 0.44 0.48 0.51 0.54 0.56 0.59 0.62 0.68 26
0.31 0.36 0.40 0.44 0.46 0.51 0.54 0.56 0.59 0.62 0.67 0.73 27
0.34 0.38 0.42 0.46 0.49 0.53 0.56 0.59 0.62 0.67 0.72 0.77 28
0.38 0.41 0.45 0.49 0.53 0.56 0.59 0.62 0.67 0.72 0.77 0.83 29
0.41 0.45 0.48 0.53 0.56 0.59 0.62 0.67 0.72 0.77 0.83 0.86 30
0.44 0.48 0.51 0.56 0.59 0.62 0.66 0.72 0.76 0.82 0.84 0.94 31
0.47 0.51 0.54 0.59 0.62 0.66 0.72 0.76 0.82 0.84 0.92 1.00 32
0.50 0.54 0.58 0.62 0.66 0.72 0.76 0.82 0.84 0.92 0.99 1.08 33
0.53 0.58 0.62 0.66 0.70 0.76 0.82 0.84 0.92 0.99 1.07 1.17 34
0.56 0.61 0.65 0.70 0.76 0.82 0.84 0.92 0.99 1.07 1.17 1.30 35
0.61 0.65 0.69 0.74 0.82 0.84 0.92 0.98 1.06 1.15 1.28 1.40 36
0.63 0.69 0.74 0.80 0.84 0.92 0.98 1.06 1.15 1.28 1.38 1.53 37
0.67 0.74 0.80 0.84 0.92 0.98 1.06 1.15 1.28 1.38 1.50 1.60 38
0.73 0.80 0.84 0.92 0.98 1.06 1.15 1.28 1.38 1.48 1.58 1.70 39
0.78 0.84 0.92 0.98 1.06 1.15 1.28 1.37 1.47 1.57 1.69 1.80 40
0.84 0.92 0.98 1.06 1.15 1.28 1.37 1.47 1.57 1.69 1.79 1.92 41
0.92 0.98 1.06 1.15 1.28 1.37 1.47 1.57 1.69 1.79 1.91 2.07 42
0.98 1.06 1.15 1.28 1.37 1.47 1.57 1.69 1.79 1.91 2.07 2.24 43
1.06 1.15 1.28 1.37 1.47 1.57 1.69 1.79 1.91 2.07 2.24 2.45 44
1.15 1.28 1.37 1.47 1.57 1.69 1.79 1.91 2.07 2.24 2.45 2.69 45
1.25 1.36 1.46 1.57 1.68 1.79 1.91 2.07 2.24 2.45 2.69 2.96 46
1.33 1.44 1.55 1.67 1.78 1.91 2.07 2.24 2.45 2.69 2.96 3.30 47
1.41 1.52 1.63 1.77 1.91 2.07 2.24 2.45 2.69 2.96 3.30 3.74 48
1.48 1.62 1.73 1.88 2.06 2.24 2.45 2.69 2.96 3.30 3.74 4.23 49
1.56 1.71 1.85 2.02 2.23 2.45 2.69 2.96 3.30 3.74 4.23 4.77 50
1.66 1.82 2.01 2.20 2.45 2.69 2.96 3.30 3.74 4.23 4.77 5.36 51
1.78 1.97 2.18 2.42 2.69 2.96 3.30 3.74 4.23 4.77 5.36 6.00 52
1.92 2.15 2.38 2.67 2.96 3.30 3.74 4.23 4.77 5.36 6.00 6.69 53
2.10 2.35 2.66 2.96 3.30 3.74 4.23 4.77 5.36 6.00 6.69 7.43 54
2.31 2.60 2.96 3.30 3.74 4.23 4.77 5.36 6.00 6.69 7.43 8.22 55
2.57 2.92 3.30 3.74 4.23 4.77 5.36 6.00 6.69 7.43 8.22 9.06 56
2.88 3.27 3.74 4.23 4.77 5.36 6.00 6.69 7.43 8.22 9.06 9.95 57
3.23 3.69 4.19 4.77 5.36 6.00 6.69 7.43 8.22 9.06 9.95 10.81 58
3.63 4.15 4.72 5.36 6.00 6.69 7.43 8.22 9.06 9.95 10.81 11.77 59
4.09 4.68 5.31 6.00 6.69 7.43 8.22 9.06 9.95 10.81 11.77 12.76 60
4.56 5.18 5.87 6.69 7.43 8.22 9.06 9.95 10.81 11.77 12.76 13.78 61
5.05 5.72 6.46 7.43 8.15 9.06 9.95 10.81 11.77 12.76 13.78 14.94 62
5.57 6.31 7.09 7.96 8.89 9.89 10.81 11.77 12.76 13.78 14.94 16.09 63
6.14 6.93 7.77 8.68 9.67 10.73 11.72 12.76 13.78 14.94 16.09 17.30 64
6.76 7.59 8.50 9.47 10.50 11.62 12.66 13.78 14.91 16.09 17.30 18.62 65
7.44 8.33 9.29 10.31 11.40 12.57 13.69 14.87 16.09 17.30 18.62 20.03 66
8.16 9.11 10.12 11.20 12.36 13.56 14.79 16.05 17.30 18.61 20.03 21.61 67
8.94 9.95 11.03 12.18 13.38 14.65 15.94 17.24 18.57 20.00 21.58 23.35 68
9.77 10.85 11.99 13.20 14.48 15.80 17.14 18.48 19.93 21.53 23.27 25.24 69
10.64 11.79 13.02 14.30 15.63 17.01 18.36 19.82 21.44 23.19 25.13 27.35 70
11.56 12.77 14.06 15.44 16.89 18.23 19.70 21.31 23.07 25.02 27.21 29.77 71
12.51 13.80 15.18 16.64 18.20 19.55 21.17 22.94 24.88 27.07 29.58 32.44 72
13.51 14.90 16.35 17.92 19.43 20.99 22.77 24.71 26.91 29.43 32.19 35.32 73
14.58 16.06 17.63 19.32 20.90 22.55 24.44 26.69 29.20 31.98 35.01 38.47 74
15.70 17.29 19.00 20.82 22.51 24.18 26.42 28.91 31.64 34.64 37.92 41.62 75
2001 VBT ANB Female Smoker
Issue Annual Premiums per $1,000
Age
Duration
1 2 3 4 5 6 7 8 9 10 11 12 13 14
51 1.87 2.84 3.53 4.20 4.96 5.76 6.65 7.60 8.64 9.76 10.97 12.29 13.71 15.24
52 1.98 3.20 3.86 4.54 5.30 6.14 7.06 8.08 9.21 10.43 11.73 13.15 14.70 16.37
53 2.13 3.47 4.20 4.87 5.65 6.53 7.50 8.58 9.78 11.11 12.53 14.09 15.78 17.60
54 2.27 3.76 4.56 5.23 6.02 6.93 7.98 9.13 10.41 11.83 13.40 15.12 16.97 19.00
55 2.40 4.08 4.96 5.63 6.46 7.40 8.50 9.72 11.11 12.67 14.38 16.27 18.32 20.54
56 2.63 4.30 5.29 5.98 6.82 7.81 8.97 10.28 11.79 13.47 15.34 17.41 19.67 22.16
57 2.72 4.53 5.64 6.35 7.25 8.30 9.54 10.96 12.58 14.40 16.43 18.71 21.22 23.96
58 2.75 4.78 5.99 6.76 7.73 8.87 10.20 11.76 13.51 15.51 17.71 20.19 22.95 25.99
59 2.91 4.97 6.36 7.20 8.22 9.49 10.94 12.64 14.56 16.76 19.20 21.92 24.95 28.27
60 3.00 5.15 6.70 7.60 8.74 10.13 11.75 13.62 15.75 18.18 20.87 23.86 27.20 30.85
61 3.07 5.34 7.01 7.99 9.25 10.78 12.57 14.65 17.05 19.75 22.74 26.07 29.73 33.79
62 3.24 5.51 7.31 8.35 9.71 11.41 13.41 15.74 18.42 21.44 24.79 28.49 32.60 37.09
63 3.55 5.69 7.56 8.67 10.14 12.01 14.24 16.86 19.87 23.29 27.05 31.21 35.79 40.78
64 3.89 7.13 7.83 8.98 10.57 12.62 15.11 18.05 21.44 25.27 29.50 34.18 39.29 44.86
65 4.32 7.42 8.09 9.29 11.02 13.27 16.03 19.32 23.12 27.47 32.20 37.44 43.14 49.34
66 4.44 7.77 8.40 9.64 11.49 13.93 16.96 20.57 24.76 29.50 34.74 40.49 46.75 53.54
67 4.48 8.14 8.74 10.06 12.06 14.73 18.05 22.00 26.57 31.75 37.50 43.79 50.65 58.03
68 4.97 8.53 9.18 10.61 12.78 15.70 19.33 23.65 28.64 34.26 40.52 47.39 54.85 62.81
69 5.49 8.96 9.70 11.28 13.69 16.88 20.84 25.53 30.93 37.02 43.83 51.23 59.31 67.67
70 6.04 9.43 10.31 12.09 14.77 18.29 22.62 27.72 33.57 40.10 47.41 55.43 64.02 71.97
71 6.73 9.96 11.04 13.08 16.09 19.96 24.69 30.20 36.46 43.43 51.28 59.85 69.06 76.47
72 9.91 10.53 11.89 14.26 17.62 21.89 27.03 33.00 39.68 47.06 55.46 64.53 74.25 81.13
73 10.48 11.21 12.89 15.65 19.41 24.11 29.68 36.04 43.16 50.93 59.85 69.45 79.63 84.52
74 11.10 12.04 14.12 17.29 21.48 26.63 32.62 39.42 46.93 55.04 64.43 74.54 84.25 86.41
75 11.76 13.10 15.61 19.22 23.85 29.42 35.83 43.03 50.87 59.32 69.19 79.74 85.59 95.85
76 12.80 14.61 17.64 21.81 27.00 33.19 40.24 48.05 56.56 65.71 76.26 84.77 93.96 98.92
77 14.25 16.56 20.12 24.87 30.69 37.47 45.15 53.62 62.83 72.62 83.99 92.00 98.56 110.66
78 16.20 19.05 23.15 28.45 34.89 42.32 50.61 59.77 69.62 80.18 90.15 98.27 109.58 119.44
79 16.77 22.14 26.82 32.68 39.70 47.74 56.68 66.52 77.08 88.29 97.93 108.49 118.68 129.11
80 17.65 25.98 31.15 37.57 45.14 53.85 63.39 73.84 85.07 96.99 107.43 117.93 128.64 139.54
81 19.71 30.61 36.27 43.20 51.33 60.57 70.74 81.85 93.76 106.39 117.14 128.04 139.15 151.49
82 22.17 36.08 42.17 49.59 58.25 68.01 78.76 90.49 102.98 116.31 127.41 138.76 151.06 162.74
83 24.58 41.11 48.94 56.78 65.87 76.21 87.43 99.70 112.91 126.92 138.33 150.64 162.58 176.12
84 28.58 48.28 56.58 64.75 74.31 85.07 96.79 109.62 123.33 137.99 150.06 162.27 175.78 190.38
85 34.59 56.37 63.65 73.57 83.45 94.62 106.81 120.04 134.45 149.60 162.06 175.30 189.63 205.35
86 45.77 62.50 72.82 83.15 93.33 106.43 117.47 131.18 146.00 161.90 174.86 188.94 205.35 225.03
87 50.17 72.07 82.82 93.21 106.14 117.14 128.63 142.77 158.09 174.56 188.37 203.17 221.49 245.56
88 63.59 82.56 93.06 105.80 116.83 128.40 140.38 154.89 170.68 187.70 202.23 217.94 238.30 263.53
89 79.03 92.98 105.46 116.54 128.21 140.21 152.79 167.66 183.75 201.29 216.58 233.49 255.83 282.50
90 92.83 105.03 116.25 127.89 140.03 152.60 165.59 180.78 197.26 215.12 231.40 249.35 280.10 301.65
91 104.69 115.97 127.68 139.79 152.34 165.32 180.31 194.17 211.00 229.54 246.67 272.37 296.00 321.18
92 115.68 127.46 139.67 152.21 165.03 179.88 193.81 208.12 225.10 244.10 265.22 288.01 312.16 342.04
93 127.25 139.44 151.94 164.74 179.40 193.29 207.46 222.24 239.52 258.98 280.43 303.63 332.56 363.64
94 139.20 151.81 164.45 178.92 192.76 206.97 221.58 236.68 254.25 273.87 295.88 323.66 353.69 385.97
95 151.55 164.16 178.44 192.41 206.59 220.96 235.76 251.15 269.23 289.27 315.66 344.42 375.54 409.03
96 163.87 177.64 191.89 206.02 220.34 235.09 250.36 266.09 284.17 308.92 336.16 365.90 398.12 432.83
97 176.52 190.84 205.45 219.72 234.19 249.64 265.15 280.96 303.82 329.30 357.39 388.10 421.42 457.36
98 189.44 204.11 219.09 233.29 248.91 264.63 280.09 300.78 324.22 350.40 379.34 411.02 445.45 482.63
99 202.40 217.44 232.62 248.18 263.85 280.09 300.24 321.36 345.36 372.24 402.01 434.66 470.20 508.63
[2001 VBT ANB Female Smoker (ages 51 - 99) chart continued on this page]
ATT
15 16 17 18 19 20 21 22 23 24 25 ULT AGE
16.89 18.63 20.48 22.46 23.94 26.15 28.61 31.32 34.26 37.51 41.05 45.06 76
18.17 20.07 22.12 23.69 25.88 28.34 31.02 33.91 37.10 40.60 44.41 48.75 77
19.58 21.67 23.44 25.62 28.04 30.71 33.62 36.71 40.15 43.91 48.03 52.71 78
21.17 23.19 25.37 27.76 30.43 33.33 36.44 39.73 43.45 47.49 51.95 57.00 79
22.96 25.10 27.49 30.13 33.04 36.19 39.50 42.98 46.98 51.36 56.14 61.60 80
24.85 27.22 29.87 32.77 35.92 39.28 42.82 46.59 50.90 55.60 60.73 68.21 81
26.95 29.58 32.48 35.67 39.08 42.68 46.56 50.74 55.13 60.18 65.64 75.39 82
29.31 32.19 35.40 38.85 42.54 46.50 50.54 54.99 59.70 65.08 70.94 82.33 83
31.93 35.13 38.62 42.41 46.44 50.37 54.81 59.55 64.64 70.37 76.65 89.79 84
34.88 38.43 42.27 46.38 50.18 54.63 59.35 64.43 69.76 75.77 82.28 97.26 85
38.21 42.12 46.32 50.01 54.45 59.15 64.21 69.52 75.61 81.48 89.55 103.32 86
41.98 46.27 49.85 54.27 58.95 64.00 69.28 75.45 81.25 88.99 95.39 113.27 87
46.19 49.68 54.09 58.80 63.82 69.05 75.30 80.97 88.49 94.77 101.91 123.15 88
49.51 53.91 58.60 63.61 68.81 75.14 80.68 87.93 94.23 101.24 108.73 133.05 89
53.73 58.40 63.39 68.57 74.99 80.46 87.37 93.61 100.56 108.57 116.37 140.84 90
58.20 63.22 68.34 74.83 80.17 86.81 93.07 99.82 108.07 115.83 124.06 141.74 91
63.00 68.10 74.68 79.89 86.31 92.45 99.14 107.33 115.20 123.37 132.07 148.21 92
67.91 73.90 79.60 85.75 91.90 98.47 106.60 114.39 122.58 131.32 140.94 159.17 93
72.96 78.69 84.81 91.29 97.79 105.69 113.49 121.70 130.45 140.35 150.04 173.34 94
77.61 83.69 90.20 97.12 104.54 112.41 121.01 130.13 139.76 149.52 159.59 195.42 95
82.44 88.90 95.85 103.15 111.06 119.43 128.94 139.17 149.00 159.16 172.24 215.44 96
84.80 94.35 101.67 109.53 117.85 126.67 137.16 148.48 158.88 171.15 185.85 235.59 97
87.24 99.95 107.74 115.98 124.84 134.20 145.89 158.45 170.06 183.80 202.91 234.92 98
97.90 105.76 113.91 122.68 132.07 142.00 154.90 168.97 181.75 200.85 218.88 243.25 99
99.28 112.83 121.92 131.48 141.61 154.33 164.30 179.88 196.92 215.60 236.03 258.65 100
111.74 121.06 130.88 141.22 153.91 163.98 179.02 195.80 214.16 234.24 256.19 279.94 101
120.30 130.29 140.83 153.48 163.83 178.51 195.05 213.14 233.11 254.71 278.05 303.22 102
129.70 140.44 152.91 163.67 178.17 194.30 212.52 232.22 253.48 276.70 301.75 328.08 103
140.05 152.48 163.36 177.83 193.74 211.50 231.54 252.74 275.89 300.56 327.11 354.91 104
152.06 163.21 177.32 192.99 210.47 229.97 252.25 275.08 299.97 326.78 354.91 388.35 105
162.89 176.97 192.25 209.45 228.40 250.04 274.81 299.68 326.46 354.91 388.35 422.59 106
176.46 191.69 208.22 226.83 247.82 271.85 299.09 326.14 354.91 388.35 422.59 457.63 107
190.94 207.19 225.48 246.59 270.23 296.72 325.81 354.91 388.35 422.59 457.63 492.87 108
206.17 225.03 246.59 270.23 296.13 324.52 354.91 388.35 422.59 457.63 492.87 529.51 109
225.03 246.59 270.23 296.13 324.52 354.91 388.35 422.59 457.63 492.87 529.51 566.95 110
246.59 270.23 296.13 324.52 354.91 388.35 422.59 457.63 492.87 529.51 566.95 603.00 111
270.23 296.13 324.52 354.91 388.35 422.16 457.17 492.87 529.51 566.95 603.00 638.00 112
290.40 318.94 348.43 380.22 413.65 448.74 485.48 523.87 563.92 603.00 638.00 670.00 113
310.35 339.55 371.11 404.40 439.43 476.21 514.72 554.96 596.95 638.00 670.00 714.50 114
330.39 361.57 394.57 429.40 466.07 504.56 544.89 587.04 631.03 670.00 714.50 756.00 115
351.80 384.34 418.82 455.22 493.55 533.81 575.99 620.10 666.14 714.10 756.00 799.00 116
373.95 407.89 443.86 481.86 521.88 563.94 608.03 654.14 702.29 752.46 799.00 846.00 117
396.85 432.20 469.69 509.31 551.07 594.97 641.00 689.17 739.47 791.91 846.00 889.48 118
420.50 457.27 496.30 537.58 581.10 626.88 674.90 725.17 777.69 832.46 889.48 933.63 119
444.89 483.12 523.71 566.67 611.99 659.68 709.74 762.16 816.95 874.11 933.63 1000.00 120
470.03 509.72 551.90 596.57 643.73 693.38 745.51 800.14 857.25 916.85 1000.00 1000.00
495.92 537.10 580.89 627.30 676.32 727.96 782.22 839.09 898.58 1000.00 1000.00 1000.00
522.56 565.24 610.66 658.84 709.76 763.43 819.86 879.03 1000.00 1000.00 1000.00 1000.00
549.94 594.14 641.23 691.20 744.06 799.80 858.43 1000.00 1000.00 1000.00 1000.00 1000.00
Total Disability Benefit Rider Rates - Excel Performance and Advisor VUL Annual per $1000
AGE Preferred Plus Preferred Select Standard Preferred Standard
Non Tobacco Non Tobacco Non Tobacco Non Tobacco Tobacco Tobacco
Male Female Male Female Male Female Male Female Male Female Male Female
0 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
1 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
2 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
3 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
4 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
5 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
6 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
7 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
8 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
9 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
10 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
11 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
12 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
13 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
14 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
15 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
16 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
17 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
18 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
19 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39
20 0.74 1.26 0.74 1.26 0.74 1.26 0.74 1.26 0.86 1.47 0.86 1.47
21 0.78 1.32 0.78 1.32 0.78 1.32 0.78 1.32 0.91 1.56 0.91 1.56
22 0.82 1.39 0.82 1.39 0.82 1.39 0.82 1.39 0.96 1.63 0.96 1.63
23 0.84 1.43 0.84 1.43 0.84 1.43 0.84 1.43 0.98 1.67 0.98 1.67
24 0.84 1.45 0.84 1.45 0.84 1.45 0.84 1.45 1.00 1.73 1.00 1.73
25 0.86 1.50 0.86 1.50 0.86 1.50 0.86 1.50 1.02 1.76 1.02 1.76
26 0.88 1.54 0.88 1.54 0.88 1.54 0.88 1.54 1.04 1.80 1.04 1.80
27 0.90 1.58 0.90 1.58 0.90 1.58 0.90 1.58 1.06 1.85 1.06 1.85
28 0.92 1.66 0.92 1.66 0.92 1.66 0.92 1.66 1.08 1.95 1.08 1.95
29 0.95 1.76 0.95 1.76 0.95 1.76 0.95 1.76 1.11 2.06 1.11 2.06
30 0.97 1.84 0.97 1.84 0.97 1.84 0.97 1.84 1.14 2.17 1.14 2.17
31 1.00 1.95 1.00 1.95 1.00 1.95 1.00 1.95 1.17 2.29 1.17 2.29
32 1.02 2.04 1.02 2.04 1.02 2.04 1.02 2.04 1.20 2.40 1.20 2.40
33 1.06 2.14 1.06 2.14 1.06 2.14 1.06 2.14 1.24 2.52 1.24 2.52
34 1.09 2.26 1.09 2.26 1.09 2.26 1.09 2.26 1.29 2.65 1.29 2.65
35 1.13 2.37 1.13 2.37 1.13 2.37 1.13 2.37 1.33 2.79 1.33 2.79
36 1.17 2.49 1.17 2.49 1.17 2.49 1.17 2.49 1.38 2.93 1.38 2.93
37 1.23 2.64 1.23 2.64 1.23 2.64 1.23 2.64 1.44 3.10 1.44 3.10
38 1.28 2.71 1.28 2.71 1.28 2.71 1.28 2.71 1.51 3.20 1.51 3.20
39 1.35 2.83 1.35 2.83 1.35 2.83 1.35 2.83 1.59 3.33 1.59 3.33
40 1.44 2.97 1.44 2.97 1.44 2.97 1.44 2.97 1.69 3.48 1.69 3.48
41 1.53 3.10 1.53 3.10 1.53 3.10 1.53 3.10 1.80 3.65 1.80 3.65
42 1.63 3.26 1.63 3.26 1.63 3.26 1.63 3.26 1.92 3.84 1.92 3.84
43 1.76 3.37 1.76 3.37 1.76 3.37 1.76 3.37 2.06 3.96 2.06 3.96
44 1.89 3.48 1.89 3.48 1.89 3.48 1.89 3.48 2.23 4.10 2.23 4.10
45 2.05 3.62 2.05 3.62 2.05 3.62 2.05 3.62 2.42 4.26 2.42 4.26
46 2.24 3.75 2.24 3.75 2.24 3.75 2.24 3.75 2.63 4.42 2.63 4.42
47 2.43 3.89 2.43 3.89 2.43 3.89 2.43 3.89 2.86 4.58 2.86 4.58
48 2.64 4.04 2.64 4.04 2.64 4.04 2.64 4.04 3.11 4.76 3.11 4.76
49 2.87 4.20 2.87 4.20 2.87 4.20 2.87 4.20 3.39 4.93 3.39 4.93
50 3.12 4.34 3.12 4.34 3.12 4.34 3.12 4.34 3.67 5.10 3.67 5.10
51 3.39 4.47 3.39 4.47 3.39 4.47 3.39 4.47 3.98 5.26 3.98 5.26
52 3.68 4.60 3.68 4.60 3.68 4.60 3.68 4.60 4.32 5.40 4.32 5.40
AGE Preferred Plus Preferred Select Standard Preferred Standard
Non Tobacco Non Tobacco Non Tobacco Non Tobacco Tobacco Tobacco
Male Female Male Female Male Female Male Female Male Female Male Female
53 4.08 4.90 4.08 4.90 4.08 4.90 4.08 4.90 4.80 5.76 4.80 5.76
54 4.49 5.16 4.49 5.16 4.49 5.16 4.49 5.16 5.29 6.08 5.29 6.08
55 4.90 5.39 4.90 5.39 4.90 5.39 4.90 5.39 5.76 6.24 5.76 6.24
56 5.51 5.79 5.51 5.79 5.51 5.79 5.51 5.79 6.48 6.81 6.48 6.81
57 6.12 6.12 6.12 6.12 6.12 6.12 6.12 6.12 7.20 7.20 7.20 7.20
58 6.73 6.53 6.73 6.53 6.73 6.53 6.73 6.53 7.92 7.68 7.92 7.68
59 7.34 6.90 7.34 6.90 7.34 6.90 7.34 6.90 8.64 8.12 8.64 8.12
60 4.90 4.45 4.90 4.45 4.90 4.45 4.90 4.45 5.76 5.24 5.76 5.24
61 4.49 3.96 4.49 3.96 4.49 3.96 4.49 3.96 5.28 4.65 5.28 4.65
62 4.08 3.47 4.08 3.47 4.08 3.47 4.08 3.47 4.30 4.08 4.30 4.08
63 3.96 3.24 3.96 3.24 3.96 3.24 3.96 3.24 4.66 3.82 4.66 3.82
64 4.41 3.52 4.41 3.52 4.41 3.52 4.41 3.52 5.18 4.15 5.18 4.15
GIOR
----
Annual
per
$1000
AGE MALE FEMALE UNISEX
0 0.06 0.06 0.06
1 0.06 0.06 0.06
2 0.06 0.06 0.06
3 0.06 0.06 0.06
4 0.07 0.07 0.07
5 0.07 0.07 0.07
6 0.07 0.07 0.07
7 0.07 0.07 0.07
8 0.07 0.07 0.07
9 0.07 0.07 0.07
10 0.08 0.08 0.08
11 0.08 0.08 0.08
12 0.08 0.08 0.08
13 0.09 0.09 0.09
14 0.09 0.09 0.09
15 0.09 0.09 0.09
16 0.10 0.10 0.10
17 0.10 0.10 0.10
18 0.11 0.11 0.11
19 0.11 0.11 0.11
20 0.11 0.11 0.11
21 0.12 0.12 0.12
22 0.12 0.12 0.12
23 0.12 0.12 0.12
24 0.12 0.12 0.12
25 0.13 0.13 0.13
26 0.13 0.13 0.13
27 0.13 0.13 0.13
28 0.13 0.13 0.13
29 0.14 0.14 0.14
30 0.14 0.14 0.14
31 0.15 0.15 0.15
32 0.15 0.15 0.15
33 0.16 0.16 0.16
34 0.17 0.17 0.17
35 0.19 0.19 0.19
36 0.19 0.19 0.19
37 0.19 0.19 0.19
EXHIBIT 9
---------
CONDITIONAL RECEIPT AND/OR TEMPORARY INSURANCE AGREEMENT
--------------------------------------------------------
The amount of such coverage provided by the Reinsurer will be limited to its
share as shown in Exhibit 3, of the amounts outlined by the Ceding Company's
Conditional Receipt or Temporary Insurance Agreement. Maximum amount is
$1,000,000.
UNIFI Application for Insurance
Companies(SM) Conditional Receipt
Acacia Life Insurance Company Ameritas Life Insurance Corp. The Union Central Life Insurance Company
▇.▇. ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇.▇. ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇.▇. ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
▇▇▇-▇▇▇-▇▇▇▇ Fax ▇▇▇-▇▇▇-▇▇▇▇ ▇▇▇-▇▇▇-▇▇▇▇ Fax ▇▇▇-▇▇▇-▇▇▇▇ ▇▇▇-▇▇▇-▇▇▇▇, Fax ▇▇▇-▇▇▇-▇▇▇▇
(Client Service Department)
------------------------------------------------------------------------------------------------------------------------------------
DO NOT DETACH UNLESS PREMIUM PAYMENT IS MADE WHEN
APPLICATION IS DATED AND SIGNED. DO NOT USE IF LIFE
INSURANCE APPLIED FOR IS OVER $1,000,000. DO NOT USE IF
DISABILITY INCOME OR DISABILITY OVERHEAD EXPENSE IS OVER
$8,000 PER MONTH. PREMIUM SHOULD NOT BE ACCEPTED IF THE
PROPOSED INSURED IS AGE 75 OR OLDER, OR HAS BEEN
TREATED FOR HEART DISEASE, DIABETES, STROKE, OR CANCER,
WITHIN THE PAST 12 MONTHS, OR HAS BEEN ADMITTED TO A
MEDICAL FACILITY WITHIN THE PAST 90 DAYS.
Terms and Conditions
All of the terms and conditions of this receipt must be fulfilled for
insurance to be In effect on the "coverage date" or no insurance will be
in effect under this receipt. The "coverage date" is the date of this
application or Part II or medical examination or other test required by
published rules of the companies listed above ("the Companies") used
when considering the benefits applied for, whichever date is latest.
1. Premium Payment
For Adjustable Life insurance, the premium payment taken with this
application must be equal to or greater than the full initial premium.
For any other life insurance, or Disability Income insurance, the
premium taken with this application must be equal to the full first
premium for the mode of premium and benefits applied for.
2. Insurability
As of the "coverage date," the Companies' Underwriting Officer must
find each person proposed for insurance to be an acceptable risk at
standard premium rates for the benefits applied for without an
exclusion or restrictive endorsement.
3. Conditional Insurance
If all of the conditions of this receipt are met, insurance under this
receipt will be provided from the "coverage date" to the date the policy
is delivered, subject to maximum amount limitations set out below.
4. a) Maximum Amount (applicable to life insurance only)
Any liability of the Companies under this and any other receipts
may not exceed the lesser of: (a) the amount applied for in this
application, or in the case of Adjustable Life insurance-the initial
specified amount applied for; or (b) $1,000,000 of insurance and
$100,000 of accidental death benefits.
b) Maximum Amount (applicable to Disability Income or Disability
Overhead Expense only)
Any liability of the Companies under this and any other receipts
may not exceed the lesser of: (a) the amount applied for in this
application; or (b) $8,000 per month of Disability Income or
Disability Overhead Expense.
5. Termination of Conditional Insurance
If insurance is provided under this receipt, it will terminate when the
policy(ies) is/are delivered. If the application is declined, the
premium paid will be refunded and there will have been no coverage
provided under this receipt.
6. Suicide
If any person proposed for insurance commits suicide, the
Companies' liability under this receipt will be limited to a refund of
the premium payment acknowledged above.
NOTICE TO APPLICANT -
PLEASE READ THIS RECEIPT CAREFULLY.
No Insurance is provided under this conditional receipt unless all terms
and conditions of this receipt are met, This receipt is void if the payment
is made by a check or draft that is not honored when presented for
payment. Also void are any modifications made to the conditions of this
receipt. All premium checks must be made payable to the appropriate
Company. Do not make checks payable to the insurance producer or
leave checks blank.
RECEIVED from
-----------------------------------------------------------
this day of ,
------------------------------------ --------------------------
In the year of , by personal or business check,
-----------
the sum of $
------------------------------------------------------------
in connection with this application for insurance, which application
bears the same date as this receipt.
X
-----------------------------------------------------------------------
(Signature of Insurance Producer)
--------------------------------------------------------------------------------
UN 2550 CR Edition 10/2007
EXHIBIT 10
----------
PREFERRED CRITERIA AND AGE AND AMOUNT REQUIREMENTS
--------------------------------------------------
Underwriting Guidelines
The following information applies to all life policies.
Qualifying for Preferred Classification
The preferred classification is based on martality assumptions anticipated to be
better than standard mortality for U.S. citizens residing in this country.
Consequently, to qualify for preferred, the proposed insured must be not only a
standard risk but also meet additional selection criteria designed to achieve
the improved mortality. Preferred underwriting is available at face amounts of
$100,000 and above. The additional selection criteria are established through a
series of questions listed below (keep in mind these are guidelines):
o Have you used any form of tobacco in the past 24 months?
o Are you a private pilot with less than 500 solo hours; or do you fly more
than 250 hours per year; or do you fly in other than conventional aircraft
(jet/prop)?
o Have you been charged with two or more traffic violations within 24 months
or have you been convicted of driving under the influence of alcohol or any
other drug within the past five years?
o have you sought or received treatment for alcohol or drug abuse within the
last 10 years?
o Has a member of your immediate family died of or been diagnosed with
coronary artery, cerebral vascular disease or diabetes prior to age 60?
o Does your weight exceed the limit for your height according to the
Preferred Build limits?
Click here to see the Preferred Build chart; then click the "Back" button above
to return to this screen.
o Have you ever had or been told by a doctor that you had cancer, diabetes,
heart disease or an abnormal EKG?
o Based on your age, does your total cholesterol exceed the following
limits?
Age Cholesterol mg/dl
20 - 40 230
41 - 55 250
56 - up 270
o Does you total cholesterol/HDL ratio exceed 5.5?
o Is your blood pressure higher than 140/85? (If over age 55, 150/90?)
If all answers are "no" and the evidence of insurability submitted with the
application is favorable, the policy will be issued as preferred.
Qualifying for Preferred Plus Classification
Currently available on ▇▇ ▇, ▇, ▇▇, ▇▇ ▇▇▇ ▇▇, ▇▇▇▇▇ Edge, Excel Choice, Excel
Protector, and Excel Provide UL based on state approval.
Preferred Plus and Preferred Underwriting Classification
Preferred Plus and Preferred classifications are based on mortality assumptions
anticipated to be better than standard mortality. Consequently, to qualify for
Preferred or Preferred Plus, the proposed insured must not only be a standard
risk, but must also meet additional selection criteria designed to achieve the
improved mortality.
Preferred Plus
Applicant must meet all Preferred Plus criteria in addition to all Preferred
criteria.
Failure to do so will automatically eliminate the propsed insured from
qualifying for Preferred Plus underwriting.
If any of the questions below are answered "yes," the policy will not be issued
Preferred Plus. No exception will be allowed.
o Have you used any form of tobacco in the past 36 months?
o Have you participated in any hazardous sport or avocation within the past
5 years?
o Have you ever been charged with or convicted of a DWI or DUI in the last
10 years?
o Have you ever sought or received treatment for alcohol and/or drug abuse?
o Does your total cholesterol exceed 225 and total cholesterol/HDL ratio
exceed 5?
o Have you experienced significant hypertension in the past, and are current
blood pressure readings normal (140/85 or less)?
o Have you been charged with more than 2 traffic violations in the last 36
months?
o Is your current blood panel completely normal?
For Preferred Plus, also follow the Preferred guidelines listed above
UNIFI
Companies(SM)
Ameritas Life, Acacia Life, Union Central Life
and affiliated companies
Life Underwriting Guiedelines for Ameritas Life Insurance Corp., Acacia Life
Insurance Company, First Ameritas Life Insurance Corp. of New York and The Union
Central Life Insurance Company
----------------------------------------------------------------------------------------------
Amount Ages 0-17 Ages 18-40 Ages 41-50 Ages 51-60 Ages 61-70 Ages 71 and Up
----------- ----------- ------------- ------------- ------------- ------------- --------------
$0 to Nonmedical Nonmedical Nonmedical Nonmedical Paramedical Paramedical
$50,000 HOS HOS
----------- ----------- ------------- ------------- ------------- ------------- --------------
$50,001 to Nonmedical Nonmedical Nonmedical Paramedical Paramedical Paramedical
$99,999 HOS HOS HOS
----------- ----------- ------------- ------------- ------------- ------------- --------------
$100,000 Nonmedical Paramedical Paramedical Paramedical Paramedical
to Nonmedical Blood Profile Blood Profile Blood Profile Blood Profile Blood Profile
$300,000 HOS HOS HOS HOS HOS, EKG
----------- ----------- ------------- ------------- ------------- ------------- --------------
$300,001 Paramedical Paramedical Paramedical Paramedical Paramedical
to Paramedical Blood Profile Blood Profile Blood Profile Blood Profile Blood Profile
$500,000 ▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇, ▇▇▇
----------- ----------- ------------- ------------- ------------- ------------- --------------
$500,001 Paramedical Paramedical Paramedical MD Exam MD Exam
to Paramedical Blood Profile Blood Profile Blood Profile Blood Profile Blood Profile
$1,000,000 ▇▇▇ ▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇, ▇▇▇
----------- ----------- ------------- ------------- ------------- ------------- --------------
$1,000,001 Paramedical Paramedical MD Exam MD Exam MD Exam
to Paramedical Blood Profile Blood Profile Blood Profile Blood Profile Blood Profile
$2,000,000 ▇▇▇ ▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇, ▇▇▇
----------- ----------- ------------- ------------- ------------- ------------- --------------
$2,000,001 MD Exam MD Exam MD Exam MD Exam MD Exam
to MD Exam Blood Profile Blood Profile Blood Profile Blood Profile Blood Profile
$5,000,000 ▇▇▇ ▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇, ▇▇▇
----------------------------------------------------------------------------------------------
All routine medical requirements are determined by adding the amounts issued
and applied for in all companies during the past six months. In addition to the
above requirements, please see below:
Over $5,000,000
1) Tobacco users over $5 million require an X-Ray (PA view only) and
treadmill EKG.
2) Non-tobacco users over $10 million require an X-Ray (PA view only).
3) Non-tobacco users age 65 and under, face amount over $10 million
requires a treadmill EKG.
4) Non-tobacco users over age 65, fac amount over $5 million requires a
treadmill EKG.
--------------------------------------------------------------------------------
MEDICAL EXAMINER'S LIMITS:
Special Examiner - Company appointed M.D. Board Certified...............No Limit
M.D. - Any licensed M.D...............................................$3,000,000
A proposed insured's personal physician should not be used unless approved by
Underwriting
An exam completed by a physician is required if the proposed insured has a
recent history of cancer, coronary artery disease or a significant medical
problem.
--------------------------------------------------------------------------------
CONDITIONAL RECEIPT LIMITATIONS: Agents are authorized to accept initial premium
provided the amount applied for does not exceed $1,000,000. If the premium is
received after the application has been sent to the issuing company, a
conditional receipt should be given to the propsoed insured with copy to the
issuing company.
--------------------------------------------------------------------------------
ACCIDENTAL DEATH BENEFIT: Subject to underwriting approval, Accidental Death
benefits will be issued in the following amounts:
Maximum Participation
Ages Issue Limits All Companies
----------------------------------------------
0-20 $50,000 $250,000
21-25 100,000 250,000
26-55 150,000 250,000
56-65 150,000 250,000
--------------------------------------------------------------------------------
GUARANTEED INSURABILITY OPTION RIDER (Adjustable Life):
To determine the nonmedical limit, add a single option amount to the death
benefit on the base policy.
--------------------------------------------------------------------------------
SCHEDULED INCREASE OPTION RIDER (Adjustable Life)
Determine underwriting requirements, including nonmedical limits, by multiplying
the specified amount by one and one-half.
--------------------------------------------------------------------------------
PRIOR NONMEDICAL:
In applying these limits, nonmedical insurance in force with the issuing company
is added to the current application. Insurance issued nonmedically prior to five
years ago or prior to the last medical exam can be disregarded.
--------------------------------------------------------------------------------
INFORMAL INQUIRIES ON IMPAIRED RISKS:
Agents should question a prospect carefully and avoid accepting money on an
impaired risk. An Informal Inquiry form should be submitted whenever there is a
question regarding insurability on other than standard risk.
Personal History interview required at $500,001 to $1,000,000. Anything over $1
million required an inspection report with MVR.
--------------------------------------------------------------------------------
Forms and applications are available online through the Forms Locator function
on Producer Workbench and TOOLS.
LI 1170 8/07
For Broker/Dealer use only. Not for use with clients.
SPECIFIC UNDERWRITING GUIDELINES FOR THE ELDERLY
(70 and older)
This is a heterogeneous population with a wide variety of degenerative ailments.
There is often the use of polypharmacy (5 or more prescription medications), and
they have a high background mortality. The concept of co-morbidity is also of
extreme importance.
The following specifics will be examined carefully by the underwriter in
determining insurability.
o Cognitive function
Mild cognitive impairment is not significant, but the underwriter should
look carefully for signs and symptoms of actual dementia. Mild dementia may
be insurable with a rating, but anything more severe would be a decline. If
there is doubt regarding cognition, additional information regarding
cognitive function can be obtained as part of the underwriting
requirements.
o Driving record
Motor vehicle inspections should be obtained on all the elderly. Use
extreme caution if there are accidents while driving.
o Concept of frailty vs. vigorous individual
Underwriters should try and determine in the APS the extent of their
physical functioning. Do they exercise, how vigorous, how often? Look
carefully at results of exercise tolerance tests to see what their
endurance capacity was. Anyone who could not walk on an ETT more than 4
minutes may be declined. Between 4-7 minutes a rating may be applied. For
standard we do expect them to reach 7 minutes (into stage 3 of ETT).
o In the elderly, normal serum albumin is 3.8 or greater. Anything less than
3.8 could require debits.
o Always calculate the GFR based upon serum creatinine levels and
appropriate formula. GFR's of less than 50 may be declined, debits may be
necessary for a GFR of 50-59.
o Look carefully at pulmonary function tests, especially if any history of
pulmonary disease.
o Look at the self reported health questionnaire to see if there are any
areas of concern.
o Polypharmacy-this may require debits.
o Regular ongoing follow up and care of medical problems is of important. Do
they receive their yearly flu shot and pneumovax? Are mammograms,
colonoscopies, and digital rectal exams performed as recommended? Failure
to maintain proper preventative care may require debits.
o In addition to the above, other underwriting parameters of blood pressure,
height/weight, lipids, etc., will also be underwritten as usual.
SELECT - NONTOBACCO
o Have you used any form of tobacco in the past 12 months? The only
exception is the occasional celebratory cigar (nor than 6 cigars a year)
with a negative HOS for nicotine findings.
o Are you a private pilot with less than 350 solo hours; or do you fly more
than 250 hours per year; or do you fly other than conventional aircraft
(jet/prop)?
o Have you been charged with three or more traffic violations within 24
months or have you been convicted of driving under the influence of alcohol
within the past 3 years?
o Have you sought or received treatment for alcohol or drug abuse within the
last 8 years?
o Has a member of your immediate family died of or been diagnosed with
coronary artery, cerebral vascular disease or diabetes prior to age 60?
o Does you weight exceed the limit of your height according to the Select
Build limits?
o Have you ever had or been told by a doctor that you had cancer, diabetes,
heart disease, or an abnormal EKG?
o Based on your age, does your cholesterol exceed the following limits?
Age Cholesterol mg/dl
----- -----------------
20-40 245
41-55 265
56-up 285
Cholesterol/HDL ratio-6.5 -
o Is your blood pressure higher than 150/90?
HEIGHT AND WEIGHT CHART STD SELECT
Select Standard
Height Preferred Plus Preferred Non-Tobacco Non-Tobacco
5'0" 145 154 164 184
5'1" 149 159 169 191
5'2" 153 164 174 197
5'3" 158 169 179 203
5'4" 162 175 185 210
5'5" 166 180 190 216
5'6" 170 186 196 223
5'7" 176 192 202 230
5'8" 182 197 207 237
5'9" 188 203 213 244
5'10" 193 209 220 251
5'11" 199 215 226 258
6'0" 205 221 232 265
6'1" 211 227 239 273
6'2" 216 234 245 280
6'3" 222 240 252 288
6'4" 227 246 259 296
6'5" 233 253 266 304
6'6" 238 260 273 312
6'7" 243 266 280 320
08" 249 273 287 328
6'9" 254 280 294 336
6'10" 260 287 301 344
6'11" 265 294 309 352