Common use of Reinsurance of Opted Policies Clause in Contracts

Reinsurance of Opted Policies. 2.1. Lincoln agrees to accept reinsurance of an Opted Policy only 2.1.1. when such reinsurance would otherwise fall within the automatic provisions of the Agreement in effect between SAFECO and Lincoln on the effective date of the Opted Policy that gives rise for such reinsurance; 2.1.2. when the Base Policy to which the Guaranteed Purchase Option rider is attached was issued on a standard basis with no extra premiums or exclusion riders of any kind; 2.1.3. when, in the underwriting opinion given on a facultative submission at the time of issue of the Guaranteed Purchase Option rider, Lincoln has not stated that the risk is not eligible for such a rider or had not stated that the case should be rated or issued with an exclusion rider of any kind; and 2.1.4. when the Maximum Face Amount does not exceed the sum of SAFECO’S Retention and the Automatic Limits specified in the Life Benefits Schedule of me Agreement. 2.2. SAFECO agrees to place reinsurance into effect on the Opted Policy by following the procedures for placing reinsurance into effect as set forth in the Administrative Schedule of the Agreement. 2.3. SAFECO agrees to pay Lincoln an extra single premium at the time of issue of the Opted Policy equal to the Reinsured Net Amount at Risk times the appropriate attached rates on diskette labeled “SAFECO, January 1, 2000, Term Rates,” and based on the option age last of the insured and the attained duration of the Base Policy. 2.4. Additionally, from the issue date of the Opted Policy and annually thereafter, SAFECO agrees to pay Lincoln a reinsurance premium equal to the Reinsured Net Amount at Risk times the appropriate rate set forth in the Premium and Allowance Schedule based on the original issue age of the insured and the attained duration of the Base Policy. Any reinsurance premium adjustments payable on the Base Policy shall be payable under the Opted Policy. 2.5. Lincoln shall reimburse SAFECO for SAFECO’S Net Amount at Risk of benefits paid pursuant to Opted Policies. 2.6. SAFECO, may increase, its Retention, and elect to recapture reinsurance of Opted Policies, in accordance with the procedures set-forth in the Agreement.

Reinsurance of Opted Policies. 2.13.1. Lincoln XYZ RE agrees to accept reinsurance of an Opted Policy only 2.1.13.1.1. when such reinsurance would otherwise fall within the automatic provisions of the Agreement in effect between SAFECO Principal Life and Lincoln XYZ RE on the effective date of the Opted Policy that gives rise for such reinsurance; 2.1.23.1.2. when the Base Policy to which the Guaranteed Purchase Insurability Option rider is attached was issued on a standard basis with no extra premiums or exclusion riders of any kind; 2.1.33.1.3. when, in the underwriting opinion given on a facultative submission at the time of issue of the Guaranteed Purchase Insurability Option rider, Lincoln XYZ RE has not stated that the risk is not eligible for such a rider or had not stated that the case should be rated or issued with an exclusion rider of any kind; and 2.1.43.1.4. when the Maximum Face Amount does not exceed the sum of SAFECO’S Principal Life's Retention and the Automatic Limits specified in the Life Benefits Schedule of me the Agreement. 2.23.2. SAFECO Principal Life agrees to place reinsurance into effect on the Opted Policy by following the procedures for placing reinsurance into effect as set forth in the Administrative Schedule of the Agreement. 2.33.3. SAFECO agrees to pay Lincoln an extra single premium at the time of issue of the Opted Policy equal to the Reinsured Net Amount at Risk times the appropriate attached rates on diskette labeled “SAFECO, January 1, 2000, Term Rates,” and based on the option age last of the insured and the attained duration of the Base Policy. 2.4. Additionally, from From the issue date of the Opted Policy and annually thereafter, SAFECO Principal Life agrees to pay Lincoln XYZ RE a reinsurance premium equal to the Reinsured Net Amount at Risk times the appropriate select rate set forth in the Premium and Allowance Schedule based on the original attained issue age of the insured and the attained first duration of the Base Opted Policy; however, there shall be no first year reinsurance premium paid. Any reinsurance premium adjustments payable on the Base Policy shall be payable under the Opted Policy. 2.53.4. Lincoln XYZ RE shall reimburse SAFECO Principal Life for SAFECO’S Principal Life's Net Amount at Risk of benefits paid pursuant to Opted Policies. 2.63.5. SAFECO, Principal Life may increase, increase its Retention, and elect to recapture reinsurance of Opted Policies, in accordance with the procedures set-set forth in the Agreement.

Reinsurance of Opted Policies. 2.1. Lincoln agrees to accept reinsurance of an Opted Policy only 2.1.1. when such reinsurance would otherwise fall within the automatic provisions of the Agreement in effect between SAFECO Farm Bureau and Lincoln on the effective date of the Opted Policy that gives rise for such reinsurance; 2.1.2. when the Base Policy to which the Guaranteed Purchase Option rider is attached was issued on a standard basis with no extra premiums or exclusion riders of any kind; 2.1.3. when, in the underwriting opinion given on a facultative submission at the time of issue of the Guaranteed Purchase Option rider, Lincoln has not stated that the risk is not eligible for such a rider or had not stated that the case should be rated or issued with an exclusion rider of any kind; and 2.1.4. when the Maximum Face Amount amount does not exceed the sum of SAFECO’S Farm Bureau's Retention and the Automatic Limits specified in the Life Benefits Benefit Schedule of me the Agreement. 2.2. SAFECO Farm Bureau agrees to place reinsurance into effect on the Opted Policy by following the procedures for placing reinsurance into effect as set forth in the Administrative Schedule of the Agreement. 2.3. SAFECO Farm Bureau agrees to pay Lincoln an extra single premium at the time of issue of the Opted Policy equal to the Reinsured Net Amount at Risk times the appropriate attached rates on diskette rate set forth in the Premium Schedule labeled “SAFECO, January 1, 2000, Term Rates,” and "SCHEDULE 4-91" based on the option original issue age last of the insured and the attained duration of the Base Policy. 2.4. Additionally, from the issue date of the Opted Policy and annually thereafter, SAFECO . Farm Bureau agrees to pay Lincoln a reinsurance premium equal to the Reinsured Net Amount at Risk times the appropriate rate set forth in the Premium and Allowance Schedule based on the original issue age of the insured and the attained attainted duration of the Base Policy. Any reinsurance premium adjustments payable on the Base Policy shall be payable under the Opted Policy. 2.5. Lincoln shall reimburse SAFECO Farm Bureau for SAFECO’S Farm Bureau Net Amount at Risk of benefits paid pursuant to Opted Policies. 2.6. SAFECO, Farm Bureau may increase, increase its Retention, and elect to recapture reinsurance of Opted Policies, in accordance with the procedures set-set forth in the Agreement. FIRST-TO-DIE ADDENDUM (Effective as of March 14, 1996) to Agreement Number 537/21 The provisions of the Agreement shall apply in all respects to reinsurance of First-To-Die Policies except as otherwise set forth in this Addendum. This Addendum is referred to as "FD" in the "Applicable Addendum" column of the POLICIES REINSURED section of the Life Benefits Schedule.