Common use of ISSUE AGES Clause in Contracts

ISSUE AGES. The minimum issue age is 18; the maximum issue age for automatic reinsurance is 72. In addition, 75% of all participants in the case must be at or below issue age 60. Maximum Face Amounts (Automatic Issue Limits) The face amounts per life cannot exceed the following: >> Initial: $35,000 times the total number of lives up to $3,500,000 >> Ultimate*: $70,000 times the total number of lives up to $7,000,000 * Ultimate face amount includes the initial face amount plus any increases. Automatic Binding Limits Therefore, the maximum face amounts per life that may be automatically ceded to the REINSURER are: >> Initial: 26.67% * Maximum Initial Face Amount >> Ultimate: 26.67% * Maximum Ultimate Face Amount Stacking Limits The amounts of Simplified Issue and Guaranteed issue in force and applied for across any and all companies on a single life cannot exceed the lesser of three times the automatic issue limit or $10 million. Non-US/Canadian Resident Limits Face amounts for Non-US/Canadian work addresses cannot exceed 5% of the Simplified or Guaranteed Issue case face amounts. Location Limits (Per Case) The total initial face amount subject to reinsurance with the pool at a single location cannot exceed $100 million. Projected Net Amount at Risk Limits For each life, the net amount at risk projected at issue cannot exceed the amount shown above for the maximum ultimate face amount. The projected net amount at risk is determined from the primary illustration provided by THE COMPANY during the sales process. If the net amount at risk projected at issue exceeds the US/Canadian Resident limits, then facultative reinsurance must be pursued. Other Conditions Pooled cases and cases involving negative consent are ineligible for automatic reinsurance. Guaranteed Issue Minimum Number of Lives Guaranteed Issue cases must include at least 25 lives.

ISSUE AGES. The minimum issue age is 18; the maximum issue age for automatic reinsurance is 7269. In addition, 75% of all participants in the case must be at or below issue age 6055. Maximum Face Amounts (Automatic Issue Limits) The face amounts per life cannot exceed the following: >> Initial: $35,000 times the total number of lives up to $3,500,000 >> Ultimate*: $70,000 times the total number of lives up to $7,000,000 * Ultimate face amount includes the initial face amount plus any increases. Automatic Binding Limits Therefore, the maximum face amounts per life that may be automatically ceded to the REINSURER are: >> Initial: 26.67% * Maximum Initial Face Amount >> Ultimate: 26.67% * Maximum Ultimate Face Amount Stacking Limits The amounts of Simplified Issue and Guaranteed issue Issue in force and applied for across any and all companies on a single life cannot exceed the lesser of three times the automatic issue limit or $10 million. Non-US/Canadian Resident Limits Face amounts for Non-US/Canadian work addresses cannot exceed 5% of the Simplified or Guaranteed Issue case face amounts. Location Limits (Per Case) The total initial face amount subject to reinsurance with the pool at a single location cannot exceed $100 million. Projected Net Amount at Risk Limits For each life, the net amount at risk projected at issue cannot exceed the amount shown above for the maximum ultimate face amount. The projected net amount at risk is determined from the primary illustration provided by THE COMPANY during the sales process. If the net amount at risk projected at issue exceeds the US/Canadian Resident limits, then facultative reinsurance must be pursued. Other Conditions Pooled cases and cases involving negative consent are ineligible for automatic reinsurance. Guaranteed Issue Minimum Number of Lives Guaranteed Issue cases must include at least 25 lives.