Common use of FacEasy Submissions Clause in Contracts

FacEasy Submissions. The Reinsurer may, at its option, permit the Company to apply for facultative reinsurance by using the FacEasy method of submission. Only policies with face amounts of $2,500,000 or less and on proposed insureds aged 75 or less may be submitted as FacEasy submissions. If this option is made available to the Company by the Reinsurer, the Company may apply for reinsurance on a facultative basis by sending to the Reinsurer an Application for Reinsurance, a sample of which is included as Exhibit B-1. Unless specified elsewhere in the Agreement, only those documents relevant to issues prompting facultative submission will be provided to the Reinsurer, and all other documents will be considered reviewed and approved by the Company. The Company will also notify the Reinsurer of any outstanding under writing requirements at the time of the facultative submission. Any subsequent information pertinent to the risk assessment will be transmitted to the Reinsurer immediately. I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) After consideration of the Application for Reinsurance and related papers, the Reinsurer will promptly inform the Company of its underwriting decision. The Reinsurer’s facultative offer will expire at the end of 120 days, unless otherwise specified by the Reinsurer. If the Company accepts the Reinsurer’s offer and the policy is placed in force in accordance with the Business Guidelines provided to the Reinsurer, the Company will duly notify the Reinsurer according to the New Business Report specified in Exhibit F. The Reinsurer’s share of liability for such policy will commence at the time specified in Article 4.2 of the Agreement. If any risk is submitted to more than one reinsurer for consideration, the Company’s rules for placement of facultative cases will apply. I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) From: Company Name Applicant’s Name Social Security Number Plan Preferred Smoker Nonsmoker Reunderwriting Decrement Cash Values Reserves Age Basis Retention Code Full Reduce Nil Previous Insurance In Force Of Which We Retained - Insurance Now Applied For- Of Which We Retain - Reinsurance This Cession - Extra Premium Rating If Substandard - Coinsurance Premium - * For YRT cases state Gross Premiums and Expiry Ages for benefits WP AD Other Amount of Premium to be Waived Annual Decrement for Amount at Risk Additional Information or Remarks Date By I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx)

FacEasy Submissions. The Reinsurer may, at its option, permit the Company to apply for facultative reinsurance by using the FacEasy method of submission. Only policies with face amounts of $2,500,000 or less and on proposed insureds aged 75 or less may be submitted as FacEasy submissions. If this option is made available to the Company by the Reinsurer, the Company may apply for reinsurance on a facultative basis by sending to the Reinsurer an Application for Reinsurance, a sample of which is included as Exhibit B-1. Unless specified elsewhere in the Agreement, only those documents relevant to issues prompting facultative submission will be provided to the Reinsurer, and all other documents will be considered reviewed and approved by the Company. The Company will also notify the Reinsurer of any outstanding under writing underwriting requirements at the time of the facultative submission. Any subsequent information pertinent to the risk assessment will be transmitted to the Reinsurer immediately. I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) After consideration of the Application for Reinsurance and related papers, the Reinsurer will promptly inform the Company of its underwriting decision. The Reinsurer’s facultative offer will expire at the end of 120 days, unless otherwise specified by the Reinsurer. If the Company accepts the Reinsurer’s offer and the policy is placed in force in accordance with the Business Guidelines provided to the Reinsurer, the Company will duly notify the Reinsurer according to the New Business Report specified in Exhibit F. The Reinsurer’s share of liability for such policy will commence at the time specified in Article 4.2 of the Agreement. If any risk is submitted to more than one reinsurer for consideration, the Company’s rules for placement of facultative cases will apply. I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) From: Company Name Company Name Applicant’s Name Social Security Number Plan Preferred Smoker Nonsmoker Reunderwriting Decrement Cash Values Reserves Age Basis Retention Code Full Reduce Nil Previous Insurance In Force Of Which We Retained - Insurance Now Applied For- Of Which We Retain - Reinsurance This Cession - Extra Premium Rating If Substandard - Coinsurance Premium - * For YRT cases state Gross Premiums and Expiry Ages for benefits WP AD Other Amount of Premium to be Waived Annual Decrement for Amount at Risk Additional Information or Remarks Date By I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx)Reunderwnting

FacEasy Submissions. The Reinsurer may, at its option, permit the Company to apply for facultative reinsurance by using the FacEasy method of submission. Only policies with face amounts of $2,500,000 or less and on proposed insureds aged 75 or less may be submitted as FacEasy submissions. If this option is made available to the Company by the Reinsurer, the Company may apply for reinsurance on a facultative basis by sending to the Reinsurer an Application for Reinsurance, a sample of which is included as Exhibit B-1. Unless specified elsewhere in the Agreement, only those documents relevant to issues prompting facultative submission will be provided to the Reinsurer, and all other documents will be considered reviewed and approved by the Company. The Company will also notify the Reinsurer of any outstanding under writing requirements at the time of the facultative submission. Any subsequent information pertinent to the risk assessment will be transmitted to the Reinsurer immediately. I414849US-12 I414848US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) After consideration of the Application for Reinsurance and related papers, the Reinsurer will promptly inform the Company of its underwriting decision. The Reinsurer’s facultative offer will expire at the end of 120 days, unless otherwise specified by the Reinsurer. If the Company accepts the Reinsurer’s offer and the policy is placed in force in accordance with the Business Guidelines provided to the Reinsurer, the Company will duly notify the Reinsurer according to the New Business Report specified in Exhibit F. The Reinsurer’s share of liability for such policy will commence at the time specified in Article 4.2 of the Agreement. If any risk is submitted to more than one reinsurer for consideration, the Company’s rules for placement of facultative cases will apply. I414849US-12 I414848US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) From: Company Name Applicant’s Name Social Security Number Plan Preferred Smoker Nonsmoker Reunderwriting Decrement Cash Values Reserves Age Basis Retention Code Full Reduce Nil Previous Insurance In Force Of Which We Retained - Insurance Now Applied For- Of Which We Retain - Reinsurance This Cession - Extra Premium Rating If Substandard - Coinsurance Premium - * For YRT cases state Gross Premiums and Expiry Ages for benefits WP AD Other Amount of Premium to be Waived Annual Decrement for Amount at Risk Additional Information or Remarks Date By I414849US-12 I414848US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) I414849US-12 I414848US-12 (11-01-2011) QT#04028US11 (COLI & BXXx)

FacEasy Submissions. The Reinsurer may, at its option, permit the Company to apply for facultative reinsurance by using the FacEasy method of submission. Only policies with face amounts of $2,500,000 or less and on proposed insureds aged 75 or less may be submitted as FacEasy submissions. If this option is made available to the Company by the Reinsurer, the Company may apply for reinsurance on a facultative basis by sending to the Reinsurer an Application for Reinsurance, a sample of which is included as Exhibit B-1. Unless specified elsewhere in the Agreement, only those documents relevant to issues prompting facultative submission will be provided to the Reinsurer, and all other documents will be considered reviewed and approved by the Company. The Company will also notify the Reinsurer of any outstanding under writing underwriting requirements at the time of the facultative submission. Any subsequent information pertinent to the risk assessment will be transmitted to the Reinsurer immediately. I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) After consideration of the Application for Reinsurance and related papers, the Reinsurer will promptly inform the Company of its underwriting decision. The Reinsurer’s facultative offer will expire at the end of 120 days, unless otherwise specified by the Reinsurer. If the Company accepts the Reinsurer’s offer and the policy is placed in force in accordance with the Business Guidelines provided to the Reinsurer, the Company will duly notify the Reinsurer according to the New Business Report specified in Exhibit F. The Reinsurer’s share of liability for such policy will commence at the time specified in Article 4.2 of the Agreement. If any risk is submitted to more than one reinsurer for consideration, the Company’s rules for placement of facultative cases will apply. I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) From: Company Name Applicant’s Name Social Security Number Plan Preferred Smoker Nonsmoker Reunderwriting Decrement Cash Values Reserves Age Basis Retention Code Full Reduce Nil Previous Insurance In Force Of Which We Retained - Insurance Now Applied For- Of Which We Retain - Reinsurance This Cession - Extra Premium Rating If Substandard - Coinsurance Premium - * For YRT cases state Gross Premiums and Expiry Ages for benefits WP AD Other Amount of Premium to be Waived Annual Decrement for Amount at Risk Additional Information or Remarks Date By I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx)ODB# 103515US-09 FacEasy Application ODB# 103515US-09

FacEasy Submissions. The Reinsurer may, at its option, permit the Company to apply for facultative reinsurance by using the FacEasy method of submission. Only policies with face amounts of $2,500,000 or less and on proposed insureds aged 75 or less may be submitted as FacEasy submissions. If this option is made available to the Company by the Reinsurer, the Company may apply for reinsurance on a facultative basis by sending to the Reinsurer an Application for Reinsurance, a sample of which is included as Exhibit B-1. Unless specified elsewhere in the Agreement, only those documents relevant to issues prompting facultative submission will be provided to the Reinsurer, and all other documents will be considered reviewed and approved by the Company. The Company will also notify the Reinsurer of any outstanding under writing underwriting requirements at the time of the facultative submission. Any subsequent information pertinent to the risk assessment will be transmitted to the Reinsurer immediately. I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) After consideration of the Application for Reinsurance and related papers, the Reinsurer will promptly inform the Company of its underwriting decision. The Reinsurer’s facultative offer will expire at the end of 120 days, unless otherwise specified by the Reinsurer. If the Company accepts the Reinsurer’s offer and the policy is placed in force in accordance with the Business Guidelines provided to the Reinsurer, the Company will duly notify the Reinsurer according to the New Business Report specified in Exhibit F. The Reinsurer’s share of liability for such policy will commence at the time specified in Article 4.2 4.3 of the Agreement. If any risk is submitted to more than one reinsurer for consideration, the Company’s rules for placement of facultative cases will apply. I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) From: Company Name Applicant’s Name Social Security Number Plan Preferred Smoker Nonsmoker Reunderwriting Decrement Cash Values Reserves Age Basis Retention Code Full Reduce Nil Type of Application Facultative Automatic Placement Date Self Administered (Bulk) Terms YRT Coinsurance Reinsurance Amounts Basic Coverage Additional Coverage Waiver Premium Benefit Accidental Death Benefit Other Benefits Previous Insurance In Force force Of Which We Retained - Insurance Now Applied For- For - Of Which We Retain - Reinsurance This Cession - Extra Premium Rating If Substandard - Coinsurance Premium - * *For YRT cases state Gross Premiums and Expiry Ages for benefits WP AD Other Amount of Premium to be Waived Annual Decrement for Amount at Risk Additional Information or Remarks Date By I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx)By