Common use of PLAN OF REINSURANCE AND REINSURANCE PREMIUMS Clause in Contracts

PLAN OF REINSURANCE AND REINSURANCE PREMIUMS. a. Life Insurance: This plan shall be reinsured on a Yearly Renewable Term basis as described in PLAN OF REINSURANCE, Article VI of the Agreement. The annual reinsurance premiums per $1000 reinsured shall be the following percentages of the mortality costs shown attached to this Amendment. POLICY NAME Graded Premium Whole Life Preferred Preferred Year Nonsmoker Nonsmoker Smoker Smoker ---- --------- --------- --------- ------ 1+ 117.5% 107.5% 120% 105% b. Flat Extra Premiums: The following coinsurance allowances shall apply to flat extra premiums: First Year Renewal ---------- ------- Permanent Flat Extra (For more than 5 years duration) 85% 15% Temporary Flat Extra (For 5 years or less duration) 0% 15%