Common use of PREMIUM RATE GUARANTEE Clause in Contracts

PREMIUM RATE GUARANTEE. The Reinsurer anticipates continuing to accept premiums on the basis of the rates shown in Exhibit E, however, the life reinsurance rates in this Agreement cannot be guaranteed for more than one year. Should the Reinsurer increase the life reinsurance rates on any block of in force business reinsured under this Agreement by a greater percentage than the Company has raised its retail premiums or cost-of-insurance charges, which the Company acknowledges and agrees the Reinsurer has the right to do for any reason, the Reinsurer will provide the Company with ninety(90) days prior written notice, and the Company has the right to immediately recapture any business affected by such change. With respect to Level Term products, the Reinsurer will have the right, at anytime during the post level term period, to reevaluate and change, based on market conditions, the post level term (“PLT”) reinsurance rates shown in Exhibit E. If the Reinsurer changes PLT rates, it will notify the Company of the change at least ninety (90) days prior to the end of the level term period or the effective date of the increase, as appropriate. If the reevaluation resulted in an increase in PLT reinsurance rates and the Company does not agree with the increase, it will have an unconditional right to recapture, without penalty, the policies on which the PLT reinsurance rates have been increased. Such right to recapture must be exercised within six (6) months of the effective date of the increased premium and may only be exercised at that time. If however, the increase in reinsurance rates was a result of, and in proportion to, an increase by the Company to its current PLT rates, then the Company will not have such right to recapture. The Company will provide written notice to the Reinsurer within sixty (60) days of implementing any increase in the Company’s retail premiums or cost-of-insurance charges to the policyowner on any business reinsured under this Agreement. Such notice will be provided with respect to such increases to new business and to in force business.

PREMIUM RATE GUARANTEE. The Reinsurer anticipates continuing to accept premiums on the basis of the reinsurance premium rates shown in Exhibit Eare not guaranteed. Munich Re, however, the life reinsurance rates in this Agreement cannot be guaranteed for more than one year. Should the Reinsurer increase the life reinsurance rates on any block of in force business reinsured under this Agreement by a greater percentage than the Company has raised its retail premiums or cost-of-insurance charges, which the Company acknowledges and agrees the Reinsurer has U.S. (Life) reserves the right to do for increase its reinsurance premium rates at any reasontime. If Munich Re, the Reinsurer will provide the Company with ninety(90U.S. (Life) days prior written notice, and the Company has the right to immediately recapture any business affected by such change. With respect to Level Term products, the Reinsurer will have the right, at anytime during the post level term period, to reevaluate and change, based on market conditions, the post level term (“PLT”) reinsurance rates shown in Exhibit E. If the Reinsurer changes PLT increases its rates, it will notify shall give the Ceding Company of the change at least ninety (90) days prior to the end written notice of the change. Any increase applies only to reinsurance premiums due after the expiration of the notice period. Munich Re, U.S. (Life) will not raise the reinsurance premium rates to greater than the statutory valuation premiums for yearly renewable term insurance at the maximum interest rates applicable at the policy issue date and 200% of the 2017 CSO Preferred Structure S&U mortality table, Gender and Smoker Distinct. An additional mortality load consistent with pricing will be applied to non-standard risks including but not limited to conversions, post level term period or the effective date of the increase, as appropriateand substandard policies. If the reevaluation resulted in an increase in PLT reinsurance rates and the Ceding Company does not agree with the increase, it will have an unconditional right to recapture, without penalty, the policies on which the PLT reinsurance rates have been increased. Such right to recapture must be exercised within six (6) months of the effective date of the increased premium and may only be exercised at that time. If however, the increase in reinsurance rates was a result of, and in proportion to, an increase by the Company to raises its current PLT rates, then the Company will not have such right to recapture. The Company will provide written notice to the Reinsurer within sixty (60) days of implementing any increase in the Company’s retail premiums or cost-of-cost of insurance charges to the policyowner on any inforce business reinsured under this Agreement, it shall provide Munich Re, U.S. (Life) with thirty (30) days prior written notice of the increase. Such notice will Munich Re, U.S. (Life) reserves the right to raise its reinsurance premium rates on such business by a corresponding amount. Any such increase in reinsurance premium rates shall become effective on the same date that the Ceding Company’s increase in retail premiums or cost of insurance charges becomes effective. If Munich Re, U.S. (Life) increases its reinsurance premium rates on any block of inforce business under this Agreement on which the Ceding Company has not raised its retail premiums or cost of insurance charges, the Ceding Company has the right, but not the obligation, to recapture, in its entirety, all of the reinsured Policies on which Munich Re, U.S. (Life) increases the reinsurance premiums. Recapture shall be provided with respect on the next policy anniversary of each Policy. The Ceding Company must notify Munich Re, U.S. (Life) of its intention to such increases to new business and to recapture within ninety (90) days of the reinsurance premium rate increase. Recapture under this Section 7.5 shall be governed by the terms set forth in force business.Section 13.2. Treaty # 4347 Munich American Reassurance Company P a g e | 13

PREMIUM RATE GUARANTEE. Although the Reinsurer anticipates that the premium rates in Exhibit D will apply indefinitely, rates are guaranteed for one year. The premium rates applicable to the business reinsured under this Agreement will not exceed the greater of: (1) the premium rates the Ceding Company charges the policyholder, (2) the reinsurance premium rates specified in Exhibit D, or (3) the YRT net premiums at the 2001 CSO sex and smoker distinct, select and ultimate, age last birthday mortality table and statutory maximum interest rate for the reinsured business. The Reinsurer anticipates continuing shall notify the Ceding Company of its intent to accept premiums on increase the basis reinsurance premium rates at least ninety (90) days prior to the effective date of the new rates. The Ceding Company shall notify the Reinsurer of any changes to the premium rates shown charged to the policyholder, with such notification being provided to the Reinsurer within ninety (90) days of the effective date of the new rates. If the Reinsurer elects to increase its reinsurance premium rates in Exhibit E, howeverresponse to the Ceding Company’s increase to policyholders, the life reinsurance Reinsurer shall notify the Ceding Company of such increase within ninety (90) days of receipt of the Ceding Company’s notice. The effective date of the Reinsurer’s new rates in this Agreement cannot be guaranteed for more than one yearwill coincide with the effective date of the Ceding Company’s increase. Should the Reinsurer increase the life reinsurance premium rates on any block of in force inforce business reinsured under this Agreement by a greater percentage than the Company has raised its retail premiums or cost-of-cost of insurance charges, which the Company acknowledges and agrees the Reinsurer has the right to do for any reason, the Reinsurer will provide the Company with ninety(90) days prior written notice, and the Company has shall have the right to immediately recapture any all business affected by such changeincrease. With respect to Level Term products, The Company must provide the Reinsurer will have the right, at anytime during the post level term period, with notice of its intent to reevaluate and change, based on market conditions, the post level term (“PLT”) reinsurance rates shown in Exhibit E. If the Reinsurer changes PLT rates, it will notify the Company of the change at least recapture all such business no later than ninety (90) days prior to the end after receipt of the level term period or the effective date Reinsurer’s notice of the reinsurance premium rate increase, as appropriateand such recapture will be effective on the policy anniversary coincident with or next following the increase. If the reevaluation resulted in an increase in PLT reinsurance rates and the Company (R14) ▇▇▇▇▇-▇▇-▇▇ Final 10 3/12/2017 The Reinsurer does not agree with anticipate holding any deficiency reserves on the increase, it will have an unconditional right to recapture, without penalty, the policies on which the PLT reinsurance rates have been increased. Such right to recapture must be exercised within six (6) months of the effective date of the increased premium and may only be exercised at that time. If however, the increase in reinsurance rates was a result of, and in proportion to, an increase by the Company to its current PLT rates, then the Company will not have such right to recapture. The Company will provide written notice to the Reinsurer within sixty (60) days of implementing any increase in the Company’s retail premiums or cost-of-insurance charges to the policyowner on any business reinsured under this Agreement. Such notice (R14) ▇▇▇▇▇-▇▇-▇▇ Final 11 3/12/2017 Whenever a change is made in the status, plan, amount or other feature of a policy reinsured under this Agreement, the Reinsurer will, upon receipt of notification of the change, consider adjusted reinsurance coverage in accordance with the provisions of this Article. The Ceding Company will be provided with respect to such increases to new business and to in force businessnotify the Reinsurer of any change within ninety (90) days after its effective date.

PREMIUM RATE GUARANTEE. The Life Reinsurance Premium rates contained in this Agreement are guaranteed for one year, and the Reinsurer anticipates continuing to accept premiums Premiums on the basis of these rates indefinitely. If the Reinsurer deems it necessary to increase rates, then it shall provide the Ceding Company with reasonable actuarial evidence for the justification of the rate increase. For products that have not adopted the 2017 CSO Loaded Select & Ultimate mortality table: In no event will the premium rates shown exceed the greater of: a. YRT net premiums at the applicable statutory minimum valuation select and ultimate mortality table and statutory maximum interest rate for the reinsured business. b. The current standard annual reinsurance premiums as set out in Exhibit ED-Reinsurance Premium. For products that have adopted the 2017 CSO Loaded Select & Ultimate mortality table: In no event will the increased premium rates exceed the greater of: a. YRT net premiums calculated using the statutory maximum interest rate for the reinsured business and a multiple of 125% of the 2017 CSO Loaded Sex & Smoker Distinct, howeverUltimate Only, Preferred Structure, Age Nearest Birthday mortality table. b. The current standard annual reinsurance premiums as set out in Exhibit D-Reinsurance Premium. . An additional mortality load consistent with pricing will be applied to non-standard risks including but not limited to conversions, post-level term, and substandard policies. For inforce blocks of business,. if an increase in reinsurance rates occurs on a guaranteed product that is reinsured on non-guaranteed terms, the life reinsurance rates in this Agreement cannot be guaranteed for more than one year. Should Ceding Company, with prior written notice to the Reinsurer increase the life reinsurance rates on any block of in force business reinsured under this Agreement by a greater percentage than the Company has raised its retail premiums or cost-of-insurance chargesReinsurer, which the Company acknowledges and agrees the Reinsurer has the right to do for any reason, Recapture the Reinsurer will provide the Company with ninety(90) days prior written notice, and the Company has the right business to immediately recapture any business affected by which such change. With respect to Level Term products, the Reinsurer will have the right, at anytime during the post level term period, to reevaluate and change, based on market conditions, the post level term (“PLT”) reinsurance rates shown in Exhibit E. If the Reinsurer changes PLT rates, it will notify the Company of the change at least ninety (90) days prior to the end of the level term period or the effective date of the increaseincrease applies, as appropriate. If the reevaluation resulted in an increase in PLT reinsurance rates and the Company does not agree with the increase, it will have an unconditional right to recapture, without penalty, the policies on which the PLT reinsurance rates have been increased. Such right to recapture must be exercised within six (6) months of the effective date of the increased premium and may only be exercised at increase in reinsurance rates. For inforce blocks of business, if an increase in reinsurance rates occurs on a non-guaranteed product that timeis reinsured on non-guaranteed terms, the Ceding Company should investigate the possibility of increasing its direct pricing or charges to restore the product to previous profitability. If howeverthe Ceding Company determines that it cannot reasonably implement such a pricing increase, then, with prior written notice to the Reinsurer, it has the right to Recapture the business to which such increase applies, as of the effective date of the increase in reinsurance rates was a result of, and in proportion to, an increase by the Company to its current PLT rates, then the Company will not have such right to recapture. The Company will provide written notice to the Reinsurer within sixty (60) days of implementing any increase in the Company’s retail premiums or cost-of-insurance charges to the policyowner on any business reinsured under this Agreement. Such notice will be provided with respect to such increases to new business and to in force business.

PREMIUM RATE GUARANTEE. Although the Reinsurer anticipates that the premium rates in Exhibit D will apply indefinitely, rates are guaranteed for one year. The premium rates applicable to the business reinsured under this Agreement will not exceed the greater of: (1) the premium rates the Ceding Company charges the policyholder, (2) the reinsurance premium rates specified in Exhibit D, or (3) the YRT net premiums at the 2001 CSO sex and smoker distinct, select and ultimate, age last birthday mortality table and statutory maximum interest rate for the reinsured business. The Reinsurer anticipates continuing shall notify the Ceding Company of its intent to accept premiums on increase the basis reinsurance premium rates at least ninety (90) days prior to the effective date of the new rates. The Ceding Company shall notify the Reinsurer of any changes to the premium rates shown charged to the policyholder, with such notification being provided to the Reinsurer within ninety (90) days of the effective date of the new rates. If the Reinsurer elects to increase its reinsurance premium rates in Exhibit E, howeverresponse to the Ceding Company’s increase to policyholders, the life reinsurance Reinsurer shall notify the Ceding Company of such increase within ninety (90) days of receipt of the Ceding Company’s notice. The effective date of the Reinsurer’s new rates in this Agreement cannot be guaranteed for more than one yearwill coincide with the effective date of the Ceding Company’s increase. Should the Reinsurer increase the life reinsurance premium rates on any block of in force inforce business reinsured under this Agreement by a greater percentage than the Company has raised its retail premiums or cost-of-cost of insurance charges, which the Company acknowledges and agrees the Reinsurer has the right to do for any reason, the Reinsurer will provide the Company with ninety(90) days prior written notice, and the Company has shall have the right to immediately recapture any all business affected by such changeincrease. With respect to Level Term products, The Company must provide the Reinsurer will have the right, at anytime during the post level term period, with notice of its intent to reevaluate and change, based on market conditions, the post level term (“PLT”) reinsurance rates shown in Exhibit E. If the Reinsurer changes PLT rates, it will notify the Company of the change at least recapture all such business no later than ninety (90) days prior to the end after receipt of the level term period or the effective date Reinsurer’s notice of the reinsurance premium rate increase, as appropriateand such recapture will be effective on the policy anniversary coincident with or next following the increase. If the reevaluation resulted in an increase in PLT reinsurance rates and the Company (B17) ▇▇▇▇▇-▇▇-▇▇ Final 10 3/12/2017 The Reinsurer does not agree with anticipate holding any deficiency reserves on the increase, it will have an unconditional right to recapture, without penalty, the policies on which the PLT reinsurance rates have been increased. Such right to recapture must be exercised within six (6) months of the effective date of the increased premium and may only be exercised at that time. If however, the increase in reinsurance rates was a result of, and in proportion to, an increase by the Company to its current PLT rates, then the Company will not have such right to recapture. The Company will provide written notice to the Reinsurer within sixty (60) days of implementing any increase in the Company’s retail premiums or cost-of-insurance charges to the policyowner on any business reinsured under this Agreement. Such notice (B17) ▇▇▇▇▇-▇▇-▇▇ Final 11 3/12/2017 Whenever a change is made in the status, plan, amount or other feature of a policy reinsured under this Agreement, the Reinsurer will, upon receipt of notification of the change, consider adjusted reinsurance coverage in accordance with the provisions of this Article. The Ceding Company will be provided with respect to such increases to new business and to in force businessnotify the Reinsurer of any change within ninety (90) days after its effective date.

PREMIUM RATE GUARANTEE. The Life Reinsurance Premium rates contained in this Agreement are guaranteed for one year, and the Reinsurer anticipates continuing to accept premiums Premiums on the basis of these rates indefinitely. If the Reinsurer deems it necessary to increase rates, then it shall provide the Ceding Company with underlying basis for the rate increase. In no event will such increased premium rates be higher than the greater of (a) the rates shown in Exhibit ED – Reinsurance Rates or (b) For products that have not adopted the 2017 CSO Loaded Sex & Smoker Distinct, howeverSelect & Ultimate Age Nearest Birthday mortality table: the valuation net premiums for annual renewable term insurance calculated using the applicable statutory minimum valuation select and ultimate mortality table and statutory maximum interest rate for the reinsured business for each year of issue; or For products that have adopted the 2017 CSO Loaded Sex & Smoker Distinct, Select & Ultimate Age Nearest Birthday mortality table: the valuation net premiums for annual renewable term insurance calculated using a multiple of 125% of the 2017 CSO Loaded Sex & Smoker Distinct, Ultimate Only, Preferred Structure, Age Nearest Birthday mortality table and statutory maximum interest rate for the reinsured business for each year of issue. An additional mortality load consistent with pricing will be applied to non-standard risks including but not limited to conversions, post-level term, and substandard policies. For inforce blocks of business, if an increase in reinsurance rates occurs on a guaranteed product that is reinsured on non-guaranteed terms, the life reinsurance rates in this Agreement cannot be guaranteed for more than one year. Should the Reinsurer increase the life reinsurance rates on any block of in force business reinsured under this Agreement by a greater percentage than the Company has raised its retail premiums or cost-of-insurance chargesCeding Company, which the Company acknowledges and agrees with prior written notice to the Reinsurer has the right to do for any reason, recapture the Reinsurer will provide the Company with ninety(90) days prior written notice, and the Company has the right business to immediately recapture any business affected by which such change. With respect to Level Term products, the Reinsurer will have the right, at anytime during the post level term period, to reevaluate and change, based on market conditions, the post level term (“PLT”) reinsurance rates shown in Exhibit E. If the Reinsurer changes PLT rates, it will notify the Company of the change at least ninety (90) days prior to the end of the level term period or the effective date of the increase, increase applies as appropriate. If the reevaluation resulted in an increase in PLT reinsurance rates and the Company does not agree with the increase, it will have an unconditional right to recapture, without penalty, the policies on which the PLT reinsurance rates have been increased. Such right to recapture must be exercised within six (6) months of the effective date of the increased premium and may only be exercised at increase in reinsurance rates. For inforce blocks of business, if an increase in reinsurance rates occurs on a non-guaranteed product that timeis reinsured on non-guaranteed terms, the Ceding Company should investigate the possibility of increasing its direct pricing or charges to restore the product to previous profitability. If howeverthe Ceding Company determines that it cannot reasonably implement such a pricing increase, then, with prior written notice to the Reinsurer, it has the right to recapture the business to which such increase applies as of the effective date of the increase in reinsurance rates was a result of, and in proportion to, an increase by the Company to its current PLT rates, then the Company will not have such right to recapture. The Company will provide written notice to the Reinsurer within sixty (60) days of implementing any increase in the Company’s retail premiums or cost-of-insurance charges to the policyowner on any business reinsured under this Agreement. Such notice will be provided with respect to such increases to new business and to in force business.

PREMIUM RATE GUARANTEE. The Life Reinsurance Premium rates contained in this Agreement are guaranteed for one year, and the Reinsurer anticipates continuing to accept premiums Premiums on the basis of these rates indefinitely. If the Reinsurer deems it necessary to increase rates, then it shall provide the Ceding Company with underlying basis for the rate increase. In no event will such increased premium rates be higher than the greater of (a) the rates shown in Exhibit ED – Reinsurance Rates or (b) For products that have not adopted the 2017 CSO Loaded Sex & Smoker Distinct, howeverSelect & Ultimate Age Nearest Birthday mortality table: the valuation net premiums for annual renewable term insurance calculated using the applicable statutory minimum valuation select and ultimate mortality table and statutory maximum interest rate for the reinsured business for each year of issue; or For products that have adopted the 2017 CSO Loaded Sex & Smoker Distinct, Select & Ultimate Age Nearest Birthday mortality table: the valuation net premiums for annual renewable term insurance calculated using a multiple of 125% of the 2017 CSO Loaded Sex & Smoker Distinct, Ultimate Only, Preferred Structure, Age Nearest Birthday mortality table and statutory maximum interest rate for the reinsured business for each year of issue. An additional mortality load consistent with pricing will be applied to non-standard risks including but not limited to conversions, post-level term, and substandard policies . For inforce blocks of business, if an increase in reinsurance rates occurs on a guaranteed product that is reinsured on non-guaranteed terms, the life reinsurance rates in this Agreement cannot be guaranteed for more than one year. Should the Reinsurer increase the life reinsurance rates on any block of in force business reinsured under this Agreement by a greater percentage than the Company has raised its retail premiums or cost-of-insurance chargesCeding Company, which the Company acknowledges and agrees with prior written notice to the Reinsurer has the right to do for any reason, recapture the Reinsurer will provide the Company with ninety(90) days prior written notice, and the Company has the right business to immediately recapture any business affected by which such change. With respect to Level Term products, the Reinsurer will have the right, at anytime during the post level term period, to reevaluate and change, based on market conditions, the post level term (“PLT”) reinsurance rates shown in Exhibit E. If the Reinsurer changes PLT rates, it will notify the Company of the change at least ninety (90) days prior to the end of the level term period or the effective date of the increase, increase applies as appropriate. If the reevaluation resulted in an increase in PLT reinsurance rates and the Company does not agree with the increase, it will have an unconditional right to recapture, without penalty, the policies on which the PLT reinsurance rates have been increased. Such right to recapture must be exercised within six (6) months of the effective date of the increased premium and may only be exercised at increase in reinsurance rates. For inforce blocks of business, if an increase in reinsurance rates occurs on a non-guaranteed product that timeis reinsured on non-guaranteed terms, the Ceding Company should investigate the possibility of increasing its direct pricing or charges to restore the product to previous profitability. If howeverthe Ceding Company determines that it cannot reasonably implement such a pricing increase, then, with prior written notice to the Reinsurer, it has the right to recapture the business to which such increase applies as of the effective date of the increase in reinsurance rates was a result of, and in proportion to, an increase by the Company to its current PLT rates, then the Company will not have such right to recapture. The Company will provide written notice to the Reinsurer within sixty (60) days of implementing any increase in the Company’s retail premiums or cost-of-insurance charges to the policyowner on any business reinsured under this Agreement. Such notice will be provided with respect to such increases to new business and to in force business.