RIDERS AND BENEFITS. Primary Insured Term Rider (PTR) attached to Term Plans
RIDERS AND BENEFITS. Waiver of Premium Reinsurance premiums will be 0% of the Ceding Company’s premiums, as shown in this Exhibit, in the first policy year and 90% in renewal years. Accidental Death Benefit Reinsurance premiums will be $0.25 per thousand in the first policy year and $0.90 per thousand in renewal years. PREMIUM RATES FOR PLANS, BENEFITS AND RIDERS Premium rates for conversions to plans not covered by an existing agreement with the Reinsurer, shall be the same as the rates defined in Exhibit E of this agreement.
RIDERS AND BENEFITS. Change of Insured Rider and Supplementary Insurance Rider—when exercised, the reinsurance premium rates are the same as base rates as stated under E.1 in this exhibit. The Ceding Company will self-administer all reinsurance reporting. The Ceding Company will send Munich Re, U.S. (Life) the reports listed below. The reports shall be in an electronic data format acceptable to Munich Re, U.S. (Life). If changes to the data format are made, the Ceding Company shall provide an updated data dictionary and file layout.
RIDERS AND BENEFITS. Accelerated Death Benefit There are no premiums payable for this benefit. Extended Maturity Rider The Reinsurer will be on the risk for attained ages past 100, and the Ceding Company will pay premiums as long as the Reinsurer is on the risk. Policy Split Rider Policy Split Option ------------------- There is no premium charged for the Policy Split Rider. Option Policies --------------- At the exercise of the Policy Split, the new policies will be reinsured on the Yearly Renewable Term basis using the point-in-scale single life rates in Rate Schedule 1 and the Survivor Secondary Guarantee UL pay percentages above (without Frasierization), measured from the issue date, age and class of the original Survivor Secondary Guarantee UL policy. Term Insurance Rider, Other Insured Rider and Estate Preservation Rider Same premium basis as base coverage. When the riders are renewed, the reinsurance premiums will be point-in-scale rates from the original point of underwriting. Total Disability Rider The Reinsurer will receive its share of Total Disability premium for excess amounts over retention as reinsurance premiums for covering this benefit. Reinsurance allowances will be [*] of the Ceding Company's premiums in the first policy year and [*] in renewal years. (019)11220-00-00 00 2/16/2011 EXHIBIT D - RATE SCHEDULE 1 --------------------------------------------------------------------------------
RIDERS AND BENEFITS. Waiver of Premium Reinsurance premiums will be 10% of the Ceding Company's premiums, as shown in this Exhibit, in the first policy year and 85% in renewal years. Premium rates for conversions to plans not covered by an existing agreement with the Reinsurer, shall be the same as the rates defined in Exhibit C of this agreement. The Ceding Company will self-administer all reinsurance reporting. The Ceding Company will send the Reinsurer the reports listed below at the frequency specified.
1. New Business
2. First Year - Other than New Business 3. Renewal Year 4. Changes and Terminations 5. Accounting Information
RIDERS AND BENEFITS. All riders will be reinsured using the same rates as the base policy unless otherwise noted. Single Life riders a) Accelerated Benefit Rider – Terminal Illness. No charge for this rider. b) Accelerated Benefit Rider – Critical Illness. No charge for this rider. c) Accelerated Benefit Rider – Chronic Illness - Current Version. No charge for this rider. d) Accelerated Benefit Rider – Chronic Illness - New York Version. No charge for this rider. e) Accelerated Care Rider: Ceding Company pays no reinsurance premium and the reinsurer pays proportional share of discounted death benefit, essentially treated like an Accelerated Benefit Rider.
RIDERS AND BENEFITS. Continuing Coverage Rider For the Continuing Coverage Rider, REINSURER will participate in the $2.50 per month per $1,000 less a xx% allowance. This charge is to be paid from ages 90 to 100. Other Reinsured Riders The base plan rates will apply to the riders. If the rider is exercised after issue, point-in-scale rates will be effective where no underwriting is done. If the rider is newly underwritten, first year rates will apply. Policy Split Option Rider There is no charge for the Policy Split Option Rider until it is exercised and the single life rates on a point-in-scale basis, measured from the issue date of the joint life policy, will apply. PREMIUM RATES FOR PLANS, BENEFITS AND RIDERS EXHIBIT F CONVERSION PREMIUMS Term conversions from the Ceding Company's and Life of the Southwest Insurance Company's plans to the Survivorship Variable Universal Life Plan wil be on a point-in-scale basis at the reinsurance rates in Exhibit E. EXHIBIT G SELF-ADMINISTERED REPORTING
G.1 The Ceding Company will self-administer all reinsurance reporting. The Ceding Company will send REINSURER the reports listed below. TRANSACTION REPORTS 1. New Business 2. First Year - Other than New Business 3. Renewal Year 4. Changes and Terminations 5. Accounting Information PERIODIC REPORTS 6. Statutory Reserve Information, Quarterly 7. Policy Exhibit Information, Monthly 8. Inforce, Monthly A brief description of the data requirements follows below.
RIDERS AND BENEFITS. Accelerated Death Benefit Rider – No charge at issue
RIDERS AND BENEFITS. Waiver of Premium Reinsurance premiums will be 0% of the Ceding Company's premiums, as shown in this Exhibit, in the first policy year and 90% in renewal years. Accidental Death Benefit Reinsurance premiums will be $0.25 per thousand in the first policy year and $0.90 per thousand in renewal years. PREMIUM RATES FOR PLANS, BENEFITS AND RIDERS EXHIBIT F Conversion Premiums Premium rates for conversions to plans not covered by an existing agreement with the Reinsurer, shall be the same as the rates defined in Exhibit E of this agreement. EXHIBIT G Self-Administered Reporting
G.1 The Ceding Company will self-administer all reinsurance reporting. The Ceding Company will send the Reinsurer the reports listed below at the frequency specified. Transaction Reports: Monthly
1. New Business
2. First Year -- Other than New Business 3. Renewal Year
RIDERS AND BENEFITS. Waiver of Premium Reinsurance premiums will be 0% of the Ceding Company's premiums, as shown in this Exhibit, in the first policy year and 90% in renewal years. Accidental Death Benefit Reinsurance premiums will be $0.25 per thousand in the first policy year and $0.90 per thousand in renewal years. PREMIUM RATES FOR PLANS, BENEFITS AND RIDERS EXHIBIT G Self-Administered Reporting
G.1 The Ceding Company will self-administer all reinsurance reporting. The Ceding Company will send the Reinsurer the reports listed below at the frequency specified. Transaction Reports: Monthly
1. New Business
2. First Year -- Other than New Business
3. Renewal Year 4. Changes and Terminations
