L I F E, D I S A B I L I T Y A N D A C C I D E N T A L D E A T H
F A C U L T A T I V E
Y R T R E I N S U R A N C E A G R E E M E N T
between
LUTHERAN MUTUAL LIFE INSURANCE COMPANY
of Waverly, Iowa
and
OCCIDENTAL LIFE INSURANCE COMPANY OF CALIFORNIA
of Los Angeles, California
Effective January 1, 1981.
TABLE OF CONTENTS
-----------------
Articles
--------
I Basis Of Reinsurance
II Liability
III Formal Cession
IV Plans Of Reinsurance
V Reinsurance Premiums
VI Premium Accounting
VII Oversights
VIII Reductions, Terminations And Changes
IX Increase In Retention
X Reinstatement
XI Expenses
XII Pre-Authorized Check Plans
XIII Claims
XIII-1 Extra-Contractual Damages
XIV Inspection Of Records
XV Insolvency
XVI Arbitration
XVII Parties To Agreement
XVIII Duration Of Agreement
Exhibits
--------
I Preliminary Application For Reinsurance
II Formal Reinsurance Cession
III Reinsurance Cession Card
IV Yearly Renewable Term Reinsurance Premiums -
Non-Experience Refund Schedule
V The Ceding Company's Retention Limits
This Agreement, effective January 1, 1981, is made by and between LUTHERAN
MUTUAL LIFE INSURANCE COMPANY, hereinafter called the Ceding Company, and
OCCIDENTAL LIFE INSURANCE COMPANY OF CALIFORNIA, hereinafter called Occidental,
as follows:
ARTICLE I
BASIS OF REINSURANCE
--------------------
1. The word "insurance", as used in this Agreement, refers to insurance on an
individual risk under a contract issued directly by the Ceding Company.
2. The Ceding Company may submit to Occidental applications for reinsurance
based on the Ceding Company's life insurance with or without either
disability waiver of premium or accidental death or both. An application
for accidental death reinsurance may be submitted without an application
for life reinsurance. Occidental shall have the option of accepting or
rejecting or rating any application for reinsurance.
3. An application for reinsurance shall be made by submitting to Occidental a
"Preliminary Application for Reinsurance", Exhibit I, together with a copy
of each paper pertaining to the insurability of the risk. Occidental
promptly shall notify the Ceding Company of its underwriting action after
Occidental has examined the evidence of insurability submitted.
ARTICLE I CONTINUES ...
4. The initial minimum amount of life reinsurance under each reinsurance
cession shall be at least $2,500.
... END OF ARTICLE I.
ARTICLE II
LIABILITY
---------
1. If Occidental shall have accepted an application for reinsurance,
Occidental's liability under this Agreement for the reinsurance accepted
shall commence simultaneously with the beginning of the Ceding Company's
liability under its corresponding insurance. In no event shall Occidental's
liability for reinsurance on a risk commence before Occidental has accepted
the application for reinsurance nor shall Occidental's liability continue
after termination of the Ceding Company's liability under its corresponding
insurance.
2. The receipt by Occidental of the initial reinsurance premium and of each
subsequent reinsurance premium, in accordance with the provisions of the
PREMIUM ACCOUNTING Article of this Agreement for the reinsurance under a
given cession, shall be a condition to Occidental's liability for
reinsurance under the cession.
... END OF ARTICLE II.
ARTICLE III
FORMAL CESSION
--------------
1. In the case of each reinsurance cession, promptly after the Ceding
Company's liability for its insurance has begun, the Ceding Company shall
deliver to Occidental a "Formal Reinsurance Cession", Exhibit II. Based
upon the data set forth on the "Formal Reinsurance Cession" Occidental
shall prepare a "Reinsurance Cession Card", Exhibit III, and shall deliver
one copy to the Ceding Company.
... END OF ARTICLE III.
ARTICLE IV
PLANS OF REINSURANCE
--------------------
1. Life Reinsurance.
Life reinsurance shall be on the yearly renewable term basis for the net
amount at risk.
A. Level Term Plans (Duration Twenty Years or Less).
If the life insurance reinsured is issued as a level term plan
(duration twenty years or less), Occidental's net amount at risk shall
equal the face amount of life insurance reinsured.
B. Reducing Term Plans.
If the life insurance reinsured is issued as a reducing term plan,
(1) Occidental's net amount at risk for the first policy year shall
equal the face amount of the life insurance reinsured as of the
beginning of the first policy year. After the first policy year,
Occidental's net amount at risk for each of the policy years two
through ten, inclusive, shall be reduced by one-ninth of the
difference between (a) the face amount of the life insurance
reinsured as of the beginning of the first policy year,
ARTICLE IV CONTINUES ...
and (b) the face amount of the life insurance reinsured as of the
beginning of the tenth policy year.
(2) Occidental's net amount at risk for each of the ten policy years,
during any ten policy year period after the first ten policy years,
shall be the prior policy year's net amount at risk, less an amount
equal to one-tenth of the difference between (a) the face amount of
the life insurance reinsured as of the beginning of the policy year
immediately preceding the period involved, and (b) the face amount
of the life insurance reinsured as of the beginning of the last
policy year of the period involved.
(3) Occidental's net amount at risk shall equal the face amount of life
insurance reinsured for each policy year in the period involved if
the period of policy years involved shall be less than ten policy
years, or if during any ten policy year period the face amount of
life insurance upon which the life reinsurance is based remains
level for two or more policy years.
C. Plans other than Level Term Plans (Duration Twenty Years or Less) or
Reducing Term Plans.
If the life insurance reinsured is issued as a plan other than
ARTICLE IV CONTINUES ...
a level term plan (duration twenty years or less) or a reducing term
plan,
(1) Occidental's net amount at risk for the first policy year shall
equal the face amount of the life insurance reinsured. After the
first policy year, Occidental's net amount at risk for each of the
policy years two through ten, inclusive, shall be reduced by an
amount equal to one-ninth of the cash value of the life insurance
reinsured as of the end of the tenth policy year.
(2) Occidental's net amount at risk for each of the ten policy years,
during any ten policy year period after the first ten policy years,
shall be the prior policy year's net amount at risk, less an amount
equal to one-tenth of the difference between (a) the cash value of
the life insurance reinsured as of the end of the policy year
immediately preceding the period involved, and (b) the cash value
of the life insurance reinsured as of the end of the last policy
year of the period involved.
(3) Occidental's net amount at risk shall equal the difference between
the initial face amount of life insurance reinsured and the cash
value of such life
ARTICLE IV CONTINUES ...
reinsurance for each policy year in the period involved if the
period of policy years involved shall be less than ten policy years.
Due to certain variables in the plans of insurance which the Ceding Company
may issue, which include but are not limited to special options, structure
of tables of amounts, rate of accumulation of cash surrender values and
provisions guaranteeing an increase in the face amount under a given plan
of insurance, the methods of calculating Occidental's net amount at risk,
as described herein, may not be appropriate. In such a case, Occidental's
net amount at risk shall be determined by a method mutually agreeable to
the parties hereto.
2. Disability Waiver of Premium Reinsurance.
Disability waiver of premium reinsurance shall be on the coinsurance basis.
3. Accidental Death Reinsurance.
Accidental death reinsurance shall be on the yearly renewable term basis.
4. The Ceding Company upon request shall furnish Occidental with a copy of each
policy, rider, ratebook and cash value table applicable to the life
insurance reinsured.
... END OF ARTICLE IV.
ARTICLE V
REINSURANCE PREMIUMS
--------------------
1. Life Reinsurance Premiums.
A. If life insurance without a flat extra premium is reinsured, the life
reinsurance premium for a given cession shall be determined from the
schedule of rates in Exhibit IV.
Occidental anticipates that the premium rates in Exhibit IV will be
continued indefinitely for all of the life reinsurance cessions to
which such rates shall apply. However, because of technical questions
in some states regarding deficiency reserves, if any one or more of
such premium rates for any policy year or years after the first shall
be less than the net premium rate or rates based on the 1958 CSO Table
at 2 1/2% interest for the applicable mortality rating, then, in that
event, only the latter rate or rates shall be guaranteed by Occidental.
B. If life insurance with a flat extra premium is reinsured, the
reinsurance premium for a given cession shall be the sum of
(1) The reinsurance premium as provided in Subsection l.A. of this
Article, and
ARTICLE V CONTINUES ...
(2) An extra reinsurance premium in an amount equal to the product of
the face amount of the life reinsurance under the cession involved
and the annual flat extra premium rate which the Ceding Company
shall apply to the corresponding insurance, less, however, an
allowance at the following rate computed on the amount of the
resulting product.
Terms of Ceding Company's Allowancee Rates
------------------------- ----------------
Flat Extra Premium
------------------
First Renewal
Year Years
----- -------
More than 5 years 75% 10%
5 years or less 10% 10%
2. Disability Waiver of Premium Reinsurance Premiums.
The reinsurance premium for a given cession shall be an amount equal to the
annual premium which the Ceding Company shall charge its insured on that
amount of the benefit reinsured under the cession involved, less, however,
an allowance at the following rate computed on the amount of the
reinsurance premium:
First Year Renewal Years
---------- -------------
75% 10%
ARTICLE V CONTINUES ...
3. Accidental Death Reinsurance Premiums.
A. The reinsurance premium per $1,000 of accidental death reinsurance
without common carrier coverage shall be determined from the following
schedule:
Classification First Year Renewal Years
-------------- ---------- -------------
Standard (1) $ .25 $ .90
Medium (1 1/2) .40 1.25
Special (2) .50 1.60
B. The reinsurance premium per $1,000 of accidental death reinsurance with
common carrier coverage shall be determined from the following schedule:
Classification First Year Renewal Years
-------------- ---------- -------------
Standard (1) $ .30 $ .95
Medium (l 1/2) .45 1.30
Special (2) .55 1.65
4. Occidental shall reimburse the Ceding Company for the amount of any premium
taxes which Occidental is not required to pay on the reinsurance premiums
payable under this Agreement and which the Ceding Company shall be required
to pay.
... END OF ARTICLE V.
ARTICLE VI
PREMIUM ACCOUNTING
------------------
1. The reinsurance premiums required under this Agreement shall be payable to
Occidental on the annual basis regardless of how insurance premiums are
payable to the Ceding Company.
2. Each month Occidental shall submit to the Ceding Company a statement, in
duplicate, listing first year and renewal reinsurance premiums less
refunds, allowances, dividends and cash values which became due during the
current month.
3. If a statement shows that a net reinsurance premium balance is payable to
Occidental, the Ceding Company shall pay to Occidental the amount of the
net balance within twenty-five days after the close of the month in which
the monthly statement was submitted to the Ceding Company. If the full
amount of the net balance shall not be received by Occidental within such
twenty-five day period, the reinsurance premiums for all of the reinsurance
cessions listed on the statement shall be in default.
If a statement shows that a net balance is payable to the Ceding Company,
Occidental shall pay to the Ceding Company the amount of the net balance
within twenty-five days after the day on which Occidental submitted the
monthly statement to the Ceding Company.
ARTICLE VI CONTINUES ...
4. Occidental shall have the right to terminate the reinsurance under the
cessions for which reinsurance premiums are in default by giving thirty
days written notice of termination to the Ceding Company. As of the close
of the last day of this thirty-day notice period, all of Occidental's
liability for the following reinsurance shall terminate:
A. Reinsurance under the cessions which are the subject of the termination
notice and, in addition,
B. Reinsurance under cessions the reinsurance premiums for which went into
default during the thirty-day notice period.
Notwithstanding termination of reinsurance as provided by this Section, the
Ceding Company shall continue to be liable to Occidental for all unpaid
reinsurance premiums earned by Occidental under this Agreement.
5. Subject to the exception stated in the third paragraph of this Section,
reinsurance terminated under Section 4. of this Article may be reinstated
by the Ceding Company.
The Ceding Company may reinstate such terminated reinsurance if, within
sixty days after the effective date of its termination, the Ceding Company
shall pay in full all of the unpaid reinsurance
ARTICLE VI CONTINUES ...
premiums for the reinsurance which was in force prior to its termination.
The effective date of reinstatement shall be the day Occidental shall have
received all of the required premiums.
There shall be no reinstatement of reinsurance under a cession with respect
to which the Ceding Company incurred a claim for insurance after the
reinsurance terminated notwithstanding the fact that payment of the unpaid
reinsurance premiums for such a cession is required before there can be any
reinstatement under this Section.
6. The day the statement shall be submitted to the Ceding Company under
Section 2. of this Article, and the first day of the thirty-day notice of
termination under Section 4. of this Article, shall be the day that the
statement or the notice, as the case may be, shall be deposited in the mail
addressed to the Ceding Company's Home Office, or, if the mail is not used,
the day it is delivered to the Ceding Company's Home Office or to an
Officer of the Ceding Company.
7. The reinsurance premiums and the reinsurance benefits payable under this
Agreement shall be payable in the lawful money of the United States;
except, however, they shall be payable in the lawful money of Canada if the
Ceding Company's insurance is based on Canadian currency.
... END OF ARTICLE VI.
ARTICLE VII
OVERSIGHTS
----------
1. Either the Ceding Company or Occidental may correct its failure to comply
with a requirement of this Agreement if the failure was unintentional and
caused by clerical oversight or a misunderstanding. In such event, both
companies shall be restored to the position they would have occupied had
the failure not occurred, provided the failure is rectified within a
reasonable time after discovery.
... END OF ARTICLE VII.
ARTICLE VIII
REDUCTIONS, TERMINATIONS AND CHANGES
------------------------------------
1. If insurance reinsured under this Agreement is reduced, the reinsurance
under the reinsurance cession involved shall be reduced by a like amount on
the effective date of the reduction of the insurance.
If a risk is reinsured by more than one reinsurer, the reduction of the
reinsurance shall be in the same proportion as the amount of the initial
reinsurance on the risk under this Agreement bore to the amount of initial
reinsurance on the risk carried by all reinsurers including Occidental.
2. If insurance reinsured under this Agreement is terminated, the reinsurance
under the cession involved shall terminate on the effective date of the
termination of the insurance.
3. If there shall be a reduction or termination of any portion of the
aggregate amount of insurance which has been retained by the Ceding Company
on a given life, then, any reinsurance under this Agreement based on the
same life shall be reduced by a like amount on the effective date of the
termination of the retained insurance. The Ceding Company shall reduce such
reinsurance in accordance with the retention limits which were in effect as
of
ARTICLE VIII CONTINUES ...
the policy date of each reinsured policy involved. Therefore, in no event
shall the Ceding Company be required to assume an amount in excess of its
regular retention limit for the age at issue, mortality rating and risk
classification for any policy on which reinsurance is being reduced.
The Ceding Company first shall apply the reduction to the reinsurance of
insurance which has the same mortality rating as the terminated insurance.
If further reduction in reinsurance is required, the cessions to be
terminated or reduced shall be determined by the chronological order in
which they were effected, the first effected being the first terminated or
reduced.
If a risk is reinsured by more than one reinsurer, the reduction of the
reinsurance shall be in the same proportion as the amount of the initial
reinsurance on the risk under this Agreement bore to the amount of initial
reinsurance on the risk carried by all reinsurers including Occidental.
4. If the Ceding Company wishes to
A. Reduce the mortality rating, or
B. Effect a change which would result in an increase in the amount of
Occidental's liability
ARTICLE VIII CONTINUES ...
on a risk reinsured under the facultative provisions as set forth in the
BASIS OF REINSURANCE Article of this Agreement, such a reduction or change
shall be governed by those same facultative provisions.
5. If there is a change in insurance which is reinsured under this Agreement,
a corresponding change shall be made in the applicable reinsurance cession.
6. If the net amount of life reinsurance at risk under a given reinsurance
cession falls below $1,000, all of the life reinsurance under the cession
involved shall terminate as of the effective date the net amount of life
reinsurance at risk falls below $1,000. The life reinsurance under the
cession involved shall terminate, as provided in the preceding sentence of
this Section, notwithstanding the fact reinsurance on the same life under
some other cession shall continue in force under this Agreement.
7. When reinsurance is reduced or changed, the Ceding Company shall deliver to
Occidental an amended "Formal Reinsurance Cession".
8. Occidental shall refund to the Ceding Company all unearned reinsurance
premiums not including policy fees, less applicable allowances, arising
from reductions, terminations and changes as described in this Article.
... END OF ARTICLE VIII.
ARTICLE IX
INCREASE IN RETENTION
---------------------
1. If, at any time, both before and after termination of this Agreement, the
Ceding Company should increase its retention limits as shown in Exhibit V,
written notice of the increase promptly shall be given of Occidental.
2. The Ceding Company shall have the option of reducing the reinsurance under
this Agreement if it shall increase its retention limits. The Ceding
Company shall exercise its option to recapture by giving written notice to
Occidental within 90 days after the effective date of the increase in its
retention limits.
3. If the Ceding Company shall exercise its option to recapture, then
A. The Ceding Company shall reduce the reinsurance on each life for which
the Ceding Company retained its maximum retention limit for age and
mortality rating in effect at the time the reinsurance was ceded to
Occidental.
No reduction shall be made in the reinsurance on a given life if (a) the
Ceding Company retained a special retention limit less than its maximum
retention limit for the age and mortality rating in effect at the time
the reinsurance was
ARTICLE IX CONTINUES ...
ceded to Occidental, or if (b) the Ceding Company retained no insurance
on the life.
B. The Ceding Company shall reduce the reinsurance by that amount which
will increase the total amount of insurance to be retained by the
Ceding Company at its own risk to its new retention limit. If a life is
reinsured by more than one reinsurer, the reduction of the reinsurance
shall be in the same proportion as the amount of the reinsurance on the
life under this Agreement shall bear to the amount of reinsurance on
the life carried by all reinsurers including Occidental.
C. The reduction of reinsurance shall become effective on the last to
occur of the following two dates:
(1) The cession's anniversary date next following the effective date of
the increase in the Ceding Company's retention limits.
(2) The end of ten full years starting with the 'policy date' shown on
the "Formal Reinsurance Cession".
... END OF ARTICLE IX.
ARTICLE X
REINSTATEMENT
-------------
1. If insurance shall lapse for nonpayment of premium and if it is reinstated
in accordance with its terms and the rules of the Ceding Company, the
applicable reinsurance shall be reinstated by Occidental subject to the
condition that the Ceding Company shall pay to Occidental all reinsurance
premiums in arrears.
... END OF ARTICLE X.
ARTICLE XI
EXPENSES
--------
1. The Ceding Company shall bear the expense of all medical examinations,
inspection fees and other charges incurred in connection with the insurance.
... END OF ARTICLE XI.
ARTICLE XII
PRE-AUTHORIZED CHECK PLANS
--------------------------
1. Under the circumstances stated below and subject to the terms and
conditions of this Agreement, this Article shall cover Occidental's
liability for reinsurance under this Agreement of any of the Ceding
Company's insurance which shall be subject to the operation of a
pre-authorized check plan.
A. Subject to Section 2. of this Article, reinsurance shall be
re-established by Occidental if, after notice of termination of
reinsurance is delivered to Occidental, the Ceding Company shall
re-establish its insurance as it existed immediately before its lapse
or non-forfeiture.
B. Subject to Section 2. of this Article, Occidental's liability for
reinsurance on a risk shall follow the liability of the Ceding Company
if
(1) After notice of termination of reinsurance is delivered to
Occidental, the Ceding Company concludes that it is liable for the
payment of insurance proceeds, or if
(2) The Ceding Company shall be required by its indemnity agreement to
reimburse or indemnify a person for the
ARTICLE XII CONTINUES ...
payment of money based upon an obligation to pay insurance proceeds.
The word "person", as used in the preceding sentence, refers to an
organization upon whom pre-authorized premium checks shall be drawn.
2. Re-establishment of a risk under Subsection l.A. of this Article and
liability to the Ceding Company under Subsection l.B. of this Article,
shall be subject to the condition that the Ceding Company shall make a
proper reinsurance premium adjustment and shall pay to Occidental all
premiums in arrears as required under this Agreement.
... END OF ARTICLE XII.
ARTICLE XIII
CLAIMS
------
1. Occidental shall be liable to the Ceding Company for the insurance benefits
reinsured under this Agreement as the Ceding Company shall be liable for
such benefits. All reinsurance claim settlements shall be subject to the
terms and conditions of the particular form of contract under which the
Ceding Company is liable.
2. When the Ceding Company is advised of a claim it promptly shall notify
Occidental.
3. If a claim is made under incontestable insurance reinsured under this
Agreement, and if the Ceding Company retained fifty percent or more of the
insurance, Occidental shall consider the claim to be a claim by the Ceding
Company for reinsurance. Occidental shall abide the issue as it shall be
settled by the Ceding Company. The Ceding Company, when it shall request
payment of the reinsurance proceeds, shall deliver to Occidental a copy of
each paper connected with the claim.
4. If a claim is made under incontestable insurance reinsured under this
Agreement, and if the Ceding Company retained less than fifty percent of
the insurance, the Ceding Company shall submit to
ARTICLE XIII CONTINUES ...
Occidental a copy of each paper connected with the claim. The Ceding
Company shall await Occidental's approval of the claim before any
settlement may be made with the Ceding Company's claimant.
5. If a claim is made under contestable insurance reinsured under this
Agreement, the Ceding Company shall submit to Occidental a copy of each
paper connected with the claim. The Ceding Company shall await Occidental's
approval of the claim before any settlement may be made with the Ceding
Company's claimant.
6. Payment of reinsurance proceeds shall be made in a single sum regardless of
the Ceding Company's mode of settlement.
7. The Ceding Company promptly shall notify Occidental of its intention to
contest insurance reinsured under this Agreement or to assert defenses to a
claim for such insurance. If the Ceding Company's contest of such insurance
results in the reduction of its liability, Occidental shall share in such a
reduction in the same proportion that the amount of reinsurance on the life
under this Agreement shall bear to the sum of the retained net amount at
risk of the Ceding Company and the net amount at risk of all reinsurers
including Occidental on the date of the death of the insured. If Occidental
should decline to participate in the
ARTICLE XIII CONTINUES ...
contest or assertion of defenses, Occidental then shall discharge all of
its liability by payment of the full amount of reinsurance to the Ceding
Company.
8. The Ceding Company alone shall bear the routine expenses incurred in
connection with settling claims including, as a matter of description only,
compensation of agents and employees and the cost of routine investigations.
9. Occidental shall share with the Ceding Company all expenses which are not
routine. Expenses which are not routine shall be limited to those directly
incurred in connection either with the contest of insurance or the
assertion of defenses to insurance or with the possibility of a contest or
assertion of defenses. These expenses shall be shared in proportion to the
net sum at risk of Occidental and the Ceding Company.
... END OF ARTICLE XIII.
ARTICLE XIII-1
EXTRA-CONTRACTUAL DAMAGES
-------------------------
1. In no event shall Occidental have any liability for any Extra-Contractual
Damages which are awarded against the Ceding Company as a result of acts,
omissions or course of conduct committed by the Ceding Company in
connection with the insurance reinsured under this Agreement.
2. Occidental does recognize that circumstances may arise under which
Occidental, in equity, should share, to the extent permitted by law, in
paying certain assessed damages. Such circumstances are difficult to define
in advance, but involve those situations in which Occidental was an active
party in the act, omission or course of conduct which ultimately results in
the assessment of such damages. The extent of such sharing is dependent on
good faith assessment of culpability in each case, but all factors being
equal, the division of any such assessment would be in the proportion of
total risk accepted by each party for the plan of insurance involved.
... END OF ARTICLE XIII-1.
ARTICLE XIV
INSPECTION OF RECORDS
---------------------
1. Occidental shall have the right, at any reasonable time, to inspect the
Ceding Company's books and documents which relate to reinsurance under this
Agreement.
... END OF ARTICLE XIV.
ARTICLE XV
INSOLVENCY
----------
1. In the event of the insolvency of the Ceding Company, all reinsurance shall
be payable directly to its liquidator, receiver or statutory successor,
without diminution because of the insolvency of the Ceding Company.
2. In the event of the insolvency of the Ceding Company, the liquidator,
receiver or statutory successor shall give Occidental written notice of the
pendency of a claim against the Ceding Company for insurance reinsured
under this Agreement within a reasonable time after the claim is filed in
the insolvency proceeding. During the pendency of a claim, Occidental may
investigate the claim and interpose in the name of the Ceding Company, its
liquidator, receiver or statutory successor, but at its own expense, in the
proceeding where the claim is to be adjudicated, any defense or defenses
which Occidental may deem available to the Ceding Company or its
liquidator, receiver or statutory successor.
3. The expense thus incurred by Occidental shall be chargeable, subject to
court approval, against the Ceding Company as part of the expense of
liquidation to the extent of a proportionate share
ARTICLE XV CONTINUES ...
of the benefit which may accrue to the Ceding Company solely as a result of
the defense undertaken by Occidental. Where two or more reinsurers are
involved in the same claim and a majority in interest elect to interpose a
defense or defenses to such claim, the expense shall be apportioned as
though such expense had been incurred by the Ceding Company.
... END OF ARTICLE XV.
ARTICLE XVI
ARBITRATION
-----------
1. Any controversy or claim, arising out of or relating to this Agreement or
the breach thereof or the coverage of this arbitration provision, shall be
settled by arbitration.
2. There shall be three arbitrators who shall be officers of life insurance
companies other than the contracting companies. Each of the contracting
companies shall appoint one of the arbitrators and these two arbitrators
shall select the third. If either contracting company shall fail to appoint
an arbitrator within thirty days after the other contracting company has
given notice of its appointment of an arbitrator, the appointment of the
arbitrator for the contracting company which has so failed to appoint an
arbitrator shall be left to the President of the American Council of Life
Insurance. Should the two arbitrators appointed by or for the contracting
companies be unable to agree on the choice of the third, then the
appointment of said third arbitrator shall be left to the President of the
American Council of Life Insurance.
3. Arbitration shall be conducted in accordance with the Commerical
Arbitration Rules of the American Arbitration Association which shall be in
effect on the date of delivery of demand for
ARTICLE XVI CONTINUES ...
arbitration; except, however, arbitrators shall be appointed in accordance
with the provisions of Section 2. of this Article.
4. Each contracting company shall pay that part of the expenses of arbitration
which shall be apportioned to it by the arbitrators.
5. The award rendered by the arbitrators shall be final, and judgment may be
entered upon it in any court having jurisdiction thereof.
... END OF ARTICLE XVI.
ARTICLE XVII
PARTIES TO AGREEMENT
--------------------
1. This is an Agreement solely between the Ceding Company and Occidental.
There shall be no legal relationship between Occidental and any person
having an interest of any kind in any of the Ceding Company's insurance.
... END OF ARTICLE XVII.
ARTICLE XVIII
DURATION OF AGREEMENT
---------------------
1. This Agreement may be terminated at any time by either party giving 90 days
written notice of termination. The day the notice is deposited in the mail
addressed to the other party's Home Office, or, if the mail is not used,
the day it is delivered to the other party's Home Office, or to an Officer
of the other party, as the case may be, shall be the first day of the 90
day period.
2. During the 90 day period, this Agreement shall continue to operate in
accordance with its terms.
3. Occidental and the Ceding Company shall remain liable after termination, in
accordance with the terms and conditions of this Agreement, with respect to
all facultative reinsurance approved by Occidental based upon an
application received by Occidental prior to termination of this Agreement.
Executed in duplicate by Executed in duplicate by
LUTHERAN MUTUAL LIFE OCCIDENTAL LIFE INSURANCE
INSURANCE COMPANY COMPANY OF CALIFORNIA
at Waverly, Iowa, at Los Angeles, California,
on November 2, 1981. on August 14, 1981.
------------------------ -------------------------
By /s/ Xxxx X. Xxxxxx By /s/ Signature
------------------------ -------------------------
Title: V.P. and Corporate Actuary Second Vice President
By /s/ Xxxxx X. Xxxxxxxx By /s/ Xxxxxxxx X. Xxxxxxxx
------------------------ -------------------------
Title: V.P. Legal & Asst. Sec. Assistant Secretary
m.c. 8-14-81
40851 - No. 14
PRELIMINARY APPLICATION FOR REINSURANCE
PART 1 AUTOMATIC [ ]
FAC. OBLIGATORY [ ]
To: Occidental Life Insurance Company of California CONDITIONAL AUTO. [ ]
FACULTATIVE [ ]
--------------------------------- ---------------------------- ------------------------------ --------------------------
NAME OF INSURED SEX DATE OF BIRTH STATE OF RESIDENCE
Will policy contain aviation exclusion provision? [ ] YES [ ] NO Submitted elsewhere for reinsurance? [ ] YES [ ] NO
Prenotification given and signed MIB If so, where:_________________________________________
Authorization on file? [ ] YES [ ] NO ______________________________________________________
DISABILITY DISABILITY ACCIDENT
LIFE WAIVER OF PREMIUM MONTHLY INCOME INDEMNITY
PREVIOUS INSURANCE IN FORCE
(ALL CO'S) $__________________ $_________________ $_______________________ $______________________
OUR COMPANY __________________ _________________ _______________________ ______________________
of which we retain __________________ _________________ _______________________ ______________________
Rating, if substandard __________________ _________________ _______________________ ______________________
New insurance applied for __________________ _________________ _______________________ ______________________
of which we will retain __________________ _________________ _______________________ ______________________
Rating, if substandard __________________ _________________ _______________________ ______________________
Reinsurance requested __________________ _________________ _______________________ ______________________
------------------------------------------------------- -------------------------------------
ORIGINAL WRITING COMPANY (IF RETRO) | REMARKS: |
| |
| |
-------------------------------------
_____________________________________
CEDING COMPANY
_____________________________________
BY DATE
==============================================================================================================================
EXHIBIT I
REINSURANCE CESSION CARD
Occidental |
Cession # |
----------------------------------------------------------------------------------------------------------------------------------
|
ISSUE DATE | NAME OF INSURED | BIRTH DATE | AGE | SEX | RES. | |
| | | | | | RECORD OF |
| | | | | | REINSURANCE CEDED TO |
------------------------------------------------------------------------------------------| |
YOUR NUMBER | BASIC PLAN | RESERVE BASIS | TYPE | COMPANY | |
| | | | | OCCIDENTAL LIFE |
| | | | | Insurance Company of California |
------------------------------------------------------------------------------------------| |
RETRO FROM | RECAP | RATES | |
| | | |
----------------------------------------------------------------------------------------------------------------------------------|
NEW INSURANCE |
----------------------------------------------------------------------------------------------------------------------------------|
| | | | FLAT EXTRA | | EXP | |
BENEFIT | ISSUED | RETAINED | RATING | RATE/M YEARS | CEDED | AGE | MODE |
----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
----------------------------------------------------------------------------------------------------------------------------------|
| | AMOUNT | PREMIUMS | | | | |
| | |--------------------------------------------------| POLICY | | TOTAL | DATE |
YEAR | AGE | AT RISK | LIFE | EXTRA | DISABILITY | ADB | FEE | COMMISSIONS | DUE | PAID |
----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
----------------------------------------------------------------------------------------------------------------------------------
EXHIBIT III
FORMAL REINSURANCE CESSION
OR
CANCELLATION NOTICE
PART 3 AUTOMATIC [ ]
FAC. OBLIGATORY [ ]
To: Occidental Life Insurance Company of California CONDITIONAL AUTO. [ ]
FACULTATIVE [ ]
--------------------------------- ---------------------------- ------------------------------ --------------------------
NAME OF INSURED SEX DATE OF BIRTH STATE OF RESIDENCE
--------------------------------- ---------------------------- ------------------------------ --------------------------
POLICY NUMBER POLICY DATE ISSUE AGE JOINT EQUAL AGE
--------------------------------- ---------------------------- ------------------------------ --------------------------
SHORT TERM FROM PLAN OF INSURANCE RESERVE BASIS (MORT TABLE, INTEREST RATE, METHOD)
Will policy contain aviation exclusion provision? [ ] YES [ ] NO Submitted elsewhere for reinsurance? [ ] YES [ ] NO
Prenotification given and signed MIB If so, where: ________________________________________
Authorization on file? [ ] YES [ ] NO ______________________________________________________
DISABILITY DISABILITY ACCIDENT
LIFE WAIVER OF PREMIUM MONTHLY INCOME INDEMNITY
PREVIOUS INSURANCE IN FORCE
(ALL CO'S) $__________________ $_________________ $_______________________ $______________________
OUR COMPANY __________________ _________________ _______________________ ______________________
of which we retain
Rating, if substandard __________________ _________________ _______________________ ______________________
New insurance applied for
of which we will retain __________________ _________________ _______________________ ______________________
Rating, if substandard __________________ _________________ _______________________ ______________________
Reinsurance requested __________________ _________________ _______________________ ______________________
New insurance issued
of which we retain __________________ _________________ _______________________ ______________________
Reinsurance requested __________________ _________________ _______________________ ______________________
*Complete if amount(s) differ(s) from above. $_________________ $_______________________ ______________________
RATE PER 1000 RATE EXPIRY AGE
_________________ _______________________
ORIGINAL WRITING COMPANY (IF RETRO) EXPIRY AGE EXPIRY AGE
----------------------------------------------------------------
PLEASE CANCEL ABOVE REQUEST BECAUSE: | REMARKS:
------ ------- |
[ ] NO NEW INSURANCE PUT IN FORCE. |
[ ] WE WILL RETAIN ALL OF NEW AMOUNT PUT IN FORCE. |
[ ] OUR REINSURANCE ON THIS CASE IS BEING PLACED WITH |
DUE TO* |
------------------------------------- |
(*CHECK MORE THAN ONE IF APPLICABLE.) |
[ ] OFFER EQUIVALENT TO YOURS |
[ ] EARLIER REPLY |
[ ] LOWER RATING | _________________________________________________________
[ ] FEWER REQUIREMENTS OR RESTRICTIONS | CEDING COMPANY
_______________________________ |
| _________________________________________________________
BY: DATE: | BY DATE
==============================================================================================================================
[ ] Refund [ ] Non-Refund
ACCOUNTING SCHEDULE REINSURANCE RATE SCHEDULE
-----------------------------------------------------------------------------------------------------------------------------|
| LIFE & EXTRA | DISABILITY | ACC. INDEMNITY | TOTAL || | COINSURANCE | AMOUNT |
YEAR | PREMIUM | PREMIUM | PREMIUM | PREMIUMS || POLICY FEE | ALLOWANCE | AT RISK |
-------|-----------------|-----------------|-------------------|-------------||-----------------|----------------|-----------|
| | | | || | | |
-------|-----------------|-----------------|-------------------|-------------||-----------------|----------------|-----------|
| | | | || | | |
-------|-----------------|-----------------|-------------------|-------------||-----------------|----------------|-----------|
| | | | || | | |
----------------------------------------------------------------------------- ----------------------------------------------|
EXHIBIT II
EXHIBIT IV
(Part I - Page 1 of 1)
OCCIDENTAL REINSURANCE
INSTRUCTIONS FOR THE USE OF THE NON-EXPERIENCE REFUND PREMIUMS
--------------------------------------------------------------
PER $1,000 OF YEARLY RENEWABLE TERM INSURANCE
---------------------------------------------
1. The reinsurance premiums set forth in Part II of this Exhibit apply to
those cessions where the Ceding Company does not offer separate insurance
premiums for "Smokers" and "Non-Smokers" for the plan of insurance involved.
2. The reinsurance premiums set forth in Part III of this Exhibit apply to
those cessions where the Ceding Company does offer separate insurance
premiums for "Smokers" and "Non-Smokers" for the plan of insurance involved.
3. In the case of all risks the reinsurance premiums set forth in Part IV of
this Exhibit shall be applied for the purpose of computing the Substandard
premiums. Table extra premiums shall be dropped at the later of age 65 and
20 years in force.
4. The attained age life premium per $1,000 shown for the second policy year,
excluding the policy fee, shall be charged for preliminary term coverage in
the case of utilization of the premiums set forth in Parts II, III and IV
of this Exhibit.
5. The renewal and conversion of term insurance shall be considered as a
continuation of the original insurance for the purpose of calculating
future reinsurance premiums.
EXHIBIT IV
(Part II - Page 1 of 2)
PREFFERED IS OCCIDENTAL
PREMIUMS PER 1000 OF YEARLY RENEWABLE TERM INSURANCE REINSURANCE
STANDARD MALE
ALB - $15.00 POLICY FEE
ISSUE POLICY YEAR ATTAINED
AGE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16* AGE
C>
0 4.48 1.51 1.14 .98 .89 .83 .79 .75 .71 .69 .67 .68 .73 .82 .94 1.07 15
1 1.51 1.14 .98 .89 .83 .79 .75 .71 .69 .68 .69 .74 .83 .95 1.08 1.20 16
2 1.14 .98 .89 .83 .79 .75 .71 .69 .68 .69 .75 .84 .96 1.09 1.22 1.33 17
3 .98 .89 .83 .79 .75 .71 .69 .68 .69 .75 .85 .97 1.10 1.23 1.34 1.43 18
4 .89 .83 .79 .75 .71 .69 .68 .69 .75 .85 .98 1.12 1.24 1.36 1.45 1.49 19
5 .83 .79 .75 .71 .69 .68 .69 .75 .85 .98 1.13 1.26 1.38 1.47 1.51 1.49 20
6 .79 .75 .71 .69 .68 .69 .75 .85 .98 1.14 1.28 1.39 1.49 1.53 1.51 1.46 21
7 .75 .71 .69 .68 .69 .75 .85 .98 1.14 1.29 1.41 1.50 1.55 1.53 1.48 1.43 22
8 .71 .69 .68 .69 .75 .85 .98 1.14 1.29 1.43 1.52 1.57 1.55 1.50 1.45 1.42 23
9 .69 .68 .69 .75 .85 .98 1.14 1.29 1.43 1.54 1.59 1.57 1.52 1.47 1.44 1.40 24
10 .68 .69 .75 .85 .98 1.14 1.29 1.43 1.54 1.61 1.59 1.54 1.49 1.46 1.42 1.39 25
11 .69 .75 .85 .98 1.14 1.29 1.43 1.54 1.61 1.61 1.55 1.51 1.48 1.44 1.41 1.37 26
12 .75 .85 .93 1.14 1.29 1.43 1.54 1.61 1.61 1.57 1.52 1.49 1.46 1.43 1.39 1.38 27
13 .85 .98 1.14 1.29 1.43 1.54 1.61 1.61 1.57 1.54 1.51 1.47 1.45 1.41 1.40 1.42 28
14 .98 1.13 1.28 1.41 1.52 1.60 1.61 1.57 1.54 1.52 1.49 1.46 1.43 1.42 1.44 1.47 29
15 1.13 1.27 1.38 1.48 1.54 1.58 1.57 1.54 1.52 1.51 1.47 1.44 1.44 1.46 1.49 1.52 30
16 1.27 1.37 1.44 1.49 1.54 1.54 1.53 1.52 1.50 1.49 1.45 1.45 1.48 1.51 1.54 1.55 31
17 1.33 1.40 1.45 1.48 1.52 1.50 1.49 1.48 1.48 1.47 1.44 1.47 1.51 1.55 1.57 1.58 32
18 1.31 1.38 1.42 1.45 1.47 1.43 1.43 1.43 1.43 1.45 1.42 1.47 1.53 1.57 1.60 1.61 33
19 1.26 1.33 1.37 1.39 1.39 1.35 1.36 1.36 1.38 1.42 1.41 1.47 1.53 1.59 1.64 1.67 34
20 1.19 1.27 1.32 1.32 1.32 1.27 1.30 1.31 1.35 1.39 1.41 1.47 1.54 1.62 1.69 1.75 35
21 1.13 1.22 1.27 1.27 1.26 1.22 1.25 1.28 1.32 1.38 1.42 1.48 1,57 1.66 1.77 1.86 36
22 1.08 1.17 1.23 1.23 1.22 1.21 1.23 1.26 1.31 1.38 1.44 1.51 1.62 1.74 1.87 2.00 37
23 1.04 1.13 1.19 1.20 1.21 1.20 1.22 1.27 1.32 1.40 1.48 1.57 1.70 1.86 2.00 2.19 38
24 1.01 1.09 1.16 1.18 1.20 1.21 1.23 1.29 1.35 1.45 1.56 1.68 1.86 2.07 2.29 2.42 39
25 .98 1.05 1.13 1.16 1.20 1.22 1.26 1.32 1.40 1.51 1.65 1.82 2.04 2.32 2.61 2.68 40
26 .96 1.02 1.10 1.15 1.21 1.25 1.30 1.37 1.46 1.59 1.75 1.95 2.20 2.53 2.86 2.96 41
27 .96 1.02 1.09 1.16 1.23 1.29 1.35 1.44 1.55 1.70 1.88 2.10 2.39 2.76 3.12 3.26 42
26 .97 1.03 1.10 1.18 1.26 1.34 1.43 1.54 1.67 1.84 2.03 2.28 2.61 2.99 3.37 3.60 43
29 1.00 1.06 1.14 1.22 1.31 1.41 1.52 1.65 1.80 1.99 2.22 2.50 2.84 3.24 3.65 3.98 44
30 1.03 1.11 1.19 1.28 1.38 1.50 1.62 1.77 1.96 2.18 2.44 2.75 3.10 3.52 3.96 4.40 45
31 1.06 1.15 1.24 1.34 1.45 1.59 1.74 1.91 2.13 2.40 2.69 3.01 3.39 3.84 4.31 4.86 46
32 1.08 1.18 1.28 1.41 1.46 1.70 1.87 2.06 2.32 2.63 2.94 3.30 3.71 4.20 4.72 5.40 47
33 1.08 1.20 1.33 1.48 1.56 1.82 2.01 2.24 2.53 2.86 3.21 3.60 4.07 4.61 5.17 6.01 48
34 1.08 1.23 1.38 1.56 1.75 1.95 2.17 2.44 2.76 3.10 3.49 3.92 4.45 5.05 5.68 6.64 49
35 1.09 1.28 1.46 1.66 1.88 2.10 2.38 2.68 3.02 3.39 3.82 4.30 4.90 5.58 6.24 7.28 50
36 1.13 1.34 1.56 1.80 2.04 2.31 2.63 2.97 3.34 3.74 4.21 4.75 5.42 6.15 6.83 7.92 51
37 1.18 1.43 1.69 1.96 2.25 2.57 2.91 3.29 3.70 4.13 4.65 5.24 5.96 6.70 7.45 8.59 52
38 1.25 1.55 1.84 2.15 2.50 2.85 3.23 3.64 4.09 4.57 5.12 5.76 6.47 7.26 8.12 9.34 53
39 1.34 1.69 2.02 2.39 2.76 3.15 3.57 4.02 4.52 5.04 5.63 5.28 6.99 7.85 8.83 10.21 54
40 1.44 1.84 2.23 2.66 3.06 3.47 3.92 4.42 4.97 5.56 6.16 6.79 7.56 8.50 9.61 11.23 55
41 1.54 1.99 2.47 2.93 3.37 3.82 4.30 4.84 5.46 6.08 6.68 7.36 8.19 9.23 10.46 12.39 56
42 1.65 2.14 2.70 3.21 3.69 4.17 4.69 5.28 5.93 6.57 7.23 8.00 8.92 10.04 11.40 13.62 57
43 1.75 2.31 2.93 3.49 4.01 4.53 5.09 5.72 6.35 7.06 7.82 8.70 9.73 10.95 12.42 14.91 58
44 1.86 2.50 3.16 3.78 4.34 4.91 5.51 6.15 6.76 7.57 8.46 9.46 10.62 11.96 13.54 16.25 59
EXHIBIT IV
(Part II - Page 2 of 2)
PREFFERED IS OCCIDENTAL
PREMIUMS PER 1000 OF YEARLY RENEWABLE TERM INSURANCE REINSURANCE
STANDARD MALE
ALB - $15.00 POLICY FEE
ISSUE POLICY YEAR
AGE 1 2 3 4 5 6 7 8 9 10
45 1.97 2.68 3.41 4.10 4.72 5.34 5.97 6.58 7.23 8.14
46 2.08 2.88 3.68 4.45 5.16 5.82 5.44 7.08 7.82 8.79
47 2.20 3.11 3.99 4.85 5.67 6.35 6.97 7.67 8.52 9.52
48 2.33 3.37 4.35 5.30 6.20 5.91 7.60 8.37 9.31 10.33
49 2.47 3.65 4.74 5.80 6.72 7.52 8.31 9.16 10.14 11.22
50 2.64 3.97 5.19 6.32 7.29 8.20 9.09 10.02 11.05 12.20
51 2.83 4.33 5.70 6.84 7.89 8.91 9.90 10.92 12.01 13.28
52 3.03 4.72 6.19 7.36 8.49 9.58 10.65 11.77 12.97 14.37
53 3.25 5.12 6.64 7.88 9.09 10.21 11.35 12.56 13.92 15.47
54 3.50 5.55 7.11 8.43 9.68 10.83 12.03 13.34 14.88 16.62
55 3.75 5.98 7.60 8.99 10.27 11.45 12.69 14.10 15.80 17.74
56 4.06 6.40 8.12 9.58 10.88 12.09 13.41 14.89 16.68 18.86
57 4.41 6.88 8.74 10.28 11.61 12.89 14.28 15.82 17.66 20.10
58 4.83 7.45 9.47 11.11 12.51 13.88 15.34 16.93 18.82 21.46
59 5.31 8.09 10.29 12.04 13.57 15.03 16.56 18.20 20.18 22.98
60 5.88 8.82 11.23 13.13 14.82 16.38 17.98 19.71 21.83 24.78
61 6.50 9.63 12.24 14.36 16.20 17.87 19.59 21.44 23.75 26.91
62 7.15 10.52 13.33 15.65 17.59 19.39 21.24 23.27 25.80 29.24
63 7.88 11.55 14.55 17.00 19.02 20.94 22.93 25.15 27.97 31.74
64 8.69 12.70 15.89 18.41 20.53 22.57 24.72 27.20 30.38 34.54
65 9.53 13.81 17.17 19.76 22.04 24.26 26.64 29.46 33.05 37.65
66 10.42 14.78 18.26 21.03 23.57 26.07 28.80 32.06 36.16 41.24
67 11.38 15.63 19.21 22.29 25.24 28.19 31.45 35.32 40.05 45.65
68 12.41 16.43 20.08 23.55 27.05 30.67 34.67 39.33 44.79 51.01
69 13.52 17.20 20.93 24.82 29.00 33.49 38.46 44.07 50.37 57.25
70 14.53 18.51 21.89 26.19 31.46 36.19 41.93 48.74 55.85 63.20
71 15.60 20.28 23.40 28.08 34.32 39.00 45.24 53.04 60.84 68.64
72 16.93 22.00 25.39 30.46 37.24 42.31 49.08 57.54 66.01 74.47
73 18.20 23.66 27.30 32.75 40.04 45.49 52.77 61.87 70.97 80.06
74 19.24 25.01 28.86 34.62 42.32 48.09 55.79 65.40 75.02 84.64
75 20.05 26.05 30.06 36.07 44.09 50.11 58.12 68.14 78.16 88.18
76 20.76 26.98 31.13 37.36 45.66 51.89 60.19 70.57 80.94 91.32
77 21.71 28.22 32.56 39.08 47.76 54.28 62.96 73.81 84.66 95.52
78 23.21 30.17 34.81 41.77 51.06 58.02 67.30 78.91 90.51 102.11
79 25.04 32.55 37.55 45.06 55.08 62.59 72.60 85.12 97.63 110.15
80 28.47 37.01 42.70 51.24 62.53 71.17 82.56 96.79 110.02 125.15
ISSUE ATTAINED
AGE 11 12 13 14 15 16* AGE
45 9.15 10.29 11.59 13.05 14.76 17.65 60
46 9.90 11.17 12.63 14.25 16.11 19.19 61
47 10.72 12.11 13.73 15.54 17.61 20.94 62
48 11.60 13.11 14.90 16.93 19.25 22.93 63
49 12.55 14.38 16.15 18.42 21.02 25.12 64
50 13.62 15.40 17.57 20.12 23.04 27.49 65
51 14.32 16.77 19.18 22.04 25.33 30.01 66
52 16.08 18.24 20.91 24.08 27.77 32.66 67
53 17.40 19.82 22.76 26.24 30.33 35.36 68
54 18.79 21.50 24.74 28.56 33.07 38.11 69
55 20.18 23.20 26.76 30.92 35.89 41.23 70
56 21.58 24.92 23.82 33.37 38.82 44.88 71
57 23.10 26.77 31.06 36.09 42.11 48.87 72
58 24.73 28.74 33.50 39.09 45.75 53.19 73
59 26.51 30.87 36.14 42.38 49.76 57.97 74
60 28.60 33.37 39.23 46.23 54.43 63.27 75
61 31.08 36.32 42.84 50.70 59.83 69.09 76
62 33.79 39.57 46.83 55.58 65.73 75.47 77
63 36.74 43.12 51.19 60.91 72.14 82.37 78
64 40.02 47.07 55.99 66.73 79.11 89.59 79
65 43.63 51.33 61.05 72.76 86.25 96.96 80
66 47.71 56.01 66.44 78.99 93.53 104.70 81
67 52.64 61.48 72.52 85.81 101.36 113.01 82
68 58.50 67.78 79.30 93.22 109.74 122.18 83
69 65.25 74.89 86.78 101.19 118.66 132.43 84
70 71.81 81.95 94.70 109.50 128.20 143.69 85
71 78.00 88.92 102.96 118.56 138.84 156.00 86
72 84.63 96.47 111.70 128.62 150.62 169.24 87
73 90.99 103.72 120.10 138.29 161.95 181.96 88
74 96.18 109.64 126.96 146.19 171.20 192.36 89
75 100.21 114.24 132.27 152.31 178.37 200.41 90
76 103.78 118.31 136.98 157.74 184.72 207.55 91
77 108.54 123.74 143.27 164.99 193.20 217.08 92
78 116.04 132.28 153.17 176.38 206.55 232.07 93
79 125.17 142.69 165.22 190.26 222.80 250.34 94
80 142.34 162.26 187.88 216.35 250.33 284.67 95
366.53 96
527.41 97
798.77 98
983.00 99
FEMALE RATES: AGES 0-10 SAME AS MALE RATES 0-10
AGES 11-14 SAME AS MALE RATE AGE 10
AGES 15 AND OVER SAME AS MALE RATES AGES 4 YEARS YOUNGER
8/12/80
EXHIBIT IV
(Part III - Page 1 of 3)
PREFFERED IS OCCIDENTAL
PREMIUMS PER 1000 OF YEARLY RENEWABLE TERM INSURANCE REINSURANCE
STANDARD MALE
ALB - $15.00 POLICY FEE
ISSUE POLICY YEAR
AGE 1 2 3 4 5 6 7 8 9 10
20 1.07 1.14 1.19 1.19 1.19 1.14 1.17 1.18 1.22 1.25
21 1.02 1.10 1.14 1.14 1.13 1.10 1.13 1.15 1.19 1.24
22 .97 1.05 1.11 1.11 1.10 1.09 1.11 1.13 1.18 1.24
23 .94 1.02 1.07 1.08 1.09 1.08 1.10 1.14 1.19 1.26
24 .91 .98 1.04 1.06 1.08 1.09 1.11 1.16 1.22 1.31
25 .88 .95 1.02 1.04 1.08 1.10 1.13 1.19 1.25 1.36
26 .86 .92 .99 1.04 1.09 1.13 1.17 1.23 1.31 1.43
27 .86 .92 .98 1.04 1.11 1.16 1.22 1.30 1.40 1.53
28 .87 .93 .99 1.06 1.13 1.21 1.29 1.39 1.50 1.66
29 .90 .95 1.03 1.10 1.18 1.27 1.37 1.49 1.62 1.79
30 .93 1.00 1.07 1.15 1.24 1.35 1.46 1.59 1.76 1.96
31 .95 1.04 1.12 1.21 1.31 1.43 1.57 1.72 1.92 2.16
32 .97 1.06 1.15 1.27 1.31 1.53 1.68 1.85 2.09 2.37
33 .97 1.08 1.20 1.33 1.40 1.64 1.81 2.02 2.28 2.57
34 .97 1.11 1.24 1.40 1.58 1.76 1.95 2.20 2.48 2.79
35 .98 1.15 1.31 1.49 1.69 1.89 2.14 2.41 2.72 3.05
36 1.02 1.21 1.40 1.62 1.84 2.08 2.37 2.67 3.01 3.37
37 1.06 1.29 1.52 1.76 2.03 2.31 2.62 2.96 3.33 3.72
38 1.13 1.40 1.66 1.94 2.25 2.57 2.91 3.28 3.68 4.11
39 1.21 1.52 1.82 2.15 2.48 2.84 3.21 3.62 4.07 4.54
40 1.30 1.66 2.01 2.39 2.75 3.12 3.53 3.98 4.47 5.00
41 1.39 1.79 2.22 2.64 3.03 3.44 3.87 4.36 4.91 5.47
42 1.49 1.93 2.43 2.89 3.32 3.75 4.22 4.75 5.34 5.91
43 1.58 2.08 2.64 3.14 3.61 4.08 4.58 5.15 5.72 6.35
44 1.67 2.25 2.84 3.40 3.91 4.42 4.96 5.54 6.08 6.81
45 1.77 2.41 3.07 3.69 4.25 4.81 5.37 5.92 6.51 7.33
46 1.87 2.59 3.31 4.01 4.64 5.24 5.80 6.37 7.04 7.91
47 1.98 2.80 3.59 4.37 5.10 5.72 6.27 6.90 7.67 8.57
48 2.10 3.03 3.92 4.77 5.58 6.22 6.84 7.53 8.38 9.30
49 2.22 3.29 4.27 5.22 6.05 5.77 7.48 8.24 9.13 10.10
50 2.38 3.57 4.67 5.69 6.56 7.38 8.18 9.02 9.95 10.98
51 2.55 3.90 5.13 6.16 7.10 8.02 8.91 9.83 10.81 11.95
52 2.73 4.25 5.57 6.62 7.64 8.62 9.59 10.59 11.67 12.93
53 2.93 4.61 5.98 7.09 8.18 9.19 10.22 11.30 12.53 13.92
54 3.15 5.00 6.40 7.59 8.71 9.75 10.83 12.01 13.39 14.96
55 3.38 5.38 6.84 8.09 9.24 10.31 11.42 12.69 14.22 15.97
56 3.65 5.76 7.31 8.62 9.79 10.88 12.07 13.40 15.01 16.97
57 4.01 6.26 7.95 9.35 10.57 11.73 12.99 14.40 16.07 18.29
58 4.44 6.85 8.71 10.22 11.51 12.77 14.11 15.58 17.31 19.74
59 4.94 7.52 9.57 11.20 12.62 13.98 15.40 16.93 18.77 21.37
60 5.53 8.29 10.56 12.34 13.93 15.40 16.92 18.61 20.52 23.29
61 6.18 9.15 11.63 13.64 15.39 16.90 18.59 20.39 22.56 25.56
62 6.86 10.10 12.80 15.02 16.89 18.53 20.37 22.34 24.77 28.07
63 7.64 11.20 14.11 16.49 18.45 20.31 22.24 24.40 27.13 30.79
64 8.52 12.45 15.57 18.04 20.12 22.12 24.23 26.66 29.77 33.85
65 9.43 13.67 17.00 19.56 21.82 24.02 26.37 29.17 32.72 37.27
ISSUE ATTAINED
AGE 11 12 13 14 15 16* AGE
20 1.27 1.32 1.39 1.46 1.52 1.58 35
21 1.28 1.33 1.41 1.49 1.59 1.67 36
22 1.30 1.36 1.46 1.57 1.68 1.80 37
23 1.33 1.41 1.53 1.67 l.80 1.97 38
24 1.40 1.51 1.67 1.86 2.06 2.18 39
25 1.49 1.64 1.84 2.09 2.35 2.41 40
26 1.58 1.76 1.98 2.28 2.57 2.66 41
27 1.69 1.89 2.15 2.48 2.81 2.93 42
28 1.83 2.05 2.35 2.69 3.03 3.24 43
29 2.00 2.25 2.56 2.92 3.29 3.58 44
30 2.20 2.48 2.79 3.17 3.56 3.96 45
31 2.42 2.71 3.05 3.46 3.88 4.37 46
32 2.65 2.97 3.34 3.78 4.25 4.86 47
33 2.89 3.24 3.66 4.15 4.65 5.41 48
34 3.14 3.53 4.01 4.55 5.11 5.98 49
35 3.44 3.87 4.41 5.02 5.62 6.55 50
36 3.79 4.28 4.88 5.54 6.15 7.13 51
37 4.19 4.72 5.36 6.03 6.71 7.73 52
38 4.61 5.18 5.82 6.53 7.31 8.41 53
39 5.07 5.65 6.29 7.07 7.95 9.19 54
40 5.54 6.11 6.80 7.65 8.65 10.11 55
41 6.01 6.62 7.37 8.31 9.41 11.15 56
42 6.51 7.20 8.03 9.04 10.26 12.26 57
43 7.04 7.83 8.76 9.86 11.18 13.42 58
44 7.51 8.51 9.56 10.76 12.19 14.63 59
45 8.24 9.26 10.43 11.75 13.28 15.89 60
46 8.91 10.05 11.37 12.83 14.50 17.27 61
47 9.65 10.90 12.36 13.99 15.85 18.85 62
48 10.44 11.80 13.41 15.24 17.33 20.64 63
49 11.30 12.76 14.54 16.58 18.92 22.61 64
50 12.26 13.86 15.81 18.11 20.74 24.74 65
51 13.34 15.09 17.26 19.84 22.80 27.01 66
52 14.47 16.42 18.82 21.67 24.99 29.39 67
53 15.66 17.84 20.48 23.62 27.30 31.82 68
54 16.91 19.35 22.27 25.70 29.76 34.30 69
55 18.16 20.88 24.08 27.83 32.30 37.11 70
56 19.42 22.43 25.94 30.03 34.94 40.39 71
57 21.02 24.36 28.26 32.84 38.32 44.47 72
58 22.75 26.44 30.82 35.96 42.09 48.93 73
59 24.65 28.71 33.61 39.41 46.28 53.91 74
60 26.88 31.37 36.88 43.46 51.16 59.47 75
61 29.53 34.50 40.70 48.17 56.84 65.64 76
62 32.44 37.99 44.96 53.36 63.10 72.45 77
63 35.54 41.83 49.65 59.08 69.98 79.90 78
64 39.22 46.13 54.87 65.40 77.53 87.80 79
65 43.19 50.82 60.44 72.03 85.39 95.99 80
3/13/80
EXHIBIT IV
(Part III - Page 2 of 3)
PREFFERED IS OCCIDENTAL
PREMIUMS PER 1000 OF YEARLY RENEWABLE TERM INSURANCE REINSURANCE
STANDARD MALE
ALB - $15.00 POLICY FEE
ISSUE POLICY YEAR
AGE 1 2 3 4 5 6 7 8 9 10
20 1.55 1.65 1.72 1.72 1.72 1.65 1.69 1.70 1.76 1.81
21 1.47 1.59 1.65 1.65 1.64 1.59 1.63 1.66 1.72 1.79
22 1.40 1.52 1.60 1.60 1.59 1.57 1.60 1.64 1.70 1.79
23 1.35 1.47 1.55 1.56 1.57 1.56 1.59 1.65 1.72 1.82
24 1.31 1.42 1.51 1.53 1.56 1.57 1.60 1.68 1.76 1.89
25 1.27 1.37 1.47 1.51 1.56 1.59 1.64 1.72 1.82 1.96
26 1.25 1.33 1.43 1.50 1.57 1.63 1.69 1.78 1.90 2.07
27 1.25 1.33 1.42 1.51 1.60 1.68 1.76 1.87 2.02 2.21
28 1.26 1.34 1.43 1.53 1.64 1.74 1.86 2.00 2.17 2.39
29 1.30 1.38 1.48 1.59 1.70 1.83 1.98 2.15 2.34 2.59
30 1.34 1.44 1.55 1.66 1.79 1.95 2.11 2.30 2.55 2.83
31 1.38 1.50 1.61 1.74 1.89 2.07 2.26 2.48 2.77 3.12
32 1.40 1.53 1.66 1.83 1.90 2.21 2.43 2.68 3.02 3.42
33 1.40 1.56 1.73 1.92 2.03 2.37 2.61 2.91 3.29 3.72
34 1.40 1.60 1.79 2.03 2.28 2.54 2.82 3.17 3.59 4.03
35 1.42 1.66 1.90 2.16 2.44 2.73 3.09 3.48 3.93 4.41
36 1.47 1.74 2.03 2.34 2.65 3.00 3.42 3.86 4.34 4.86
37 1.53 1.86 2.20 2.55 2.93 3.34 3.78 4.28 4.81 5.37
38 1.63 2.02 2.39 2.80 3.25 3.71 4.20 4.73 5.32 5.94
39 1.74 2.20 2.63 3.11 3.59 4.10 4.64 5.23 5.88 6.55
40 1.87 2.39 2.90 3.46 3.98 4.51 5.10 5.75 6.46 7.23
41 2.00 2.59 3.21 3.81 4.38 4.97 5.59 6.29 7.10 7.90
42 2.15 2.78 3.51 4.17 4.80 5.42 6.10 6.86 7.71 8.54
43 2.28 3.00 3.81 4.54 5.21 5.89 6.62 7.44 8.26 9.18
44 2.42 3.25 4.11 4.91 5.64 6.39 7.16 8.00 8.79 9.84
45 2.56 3.48 4.43 5.33 6.14 6.94 7.76 8.55 9.40 10.58
46 2.70 3.74 4.78 5.79 6.71 7.57 8.37 9.20 10.17 11.43
47 2.86 4.04 5.19 6.31 7.37 8.26 9.06 9.97 11.08 12.38
48 3.03 4.38 5.66 6.89 8.06 8.98 9.88 10.88 12.10 13.43
49 3.21 4.75 6.16 7.54 8.74 9.78 10.80 11.91 13.18 14.59
50 3.43 5.16 6.75 8.22 9.48 10.66 11.82 13.03 14.37 15.86
51 3.68 5.63 7.41 8.89 10.26 11.58 12.87 14.20 15.61 17.26
52 3.94 6.14 8.05 9.57 11.04 12.45 13.85 15.30 16.86 18.68
53 4.23 6.66 8.63 10.24 11.82 13.27 14.76 16.33 18.10 20.11
54 4.55 7.22 9.24 10.96 12.58 14.08 15.64 17.34 19.34 21.61
55 4.89 7.77 9.88 11.69 13.35 14.89 16.50 18.33 20.54 23.06
56 5.28 8.32 10.56 12.45 14.14 15.72 17.43 19.36 21.68 24.52
57 5.60 8.74 11.10 13.06 14.74 16.37 18.14 20.09 22.43 25.53
58 5.99 9.24 11.74 13.78 15.51 17.21 19.02 20.99 23.34 26.61
59 6.43 9.79 12.45 14.57 16.42 18.19 20.04 22.02 24.42 27.81
60 6.94 10.41 13.25 15.49 17.49 19.33 21.22 23.26 25.76 29.24
61 7.48 11.07 14.08 16.51 18.63 20.55 22.53 24.66 27.31 30.95
62 8.01 11.78 14.93 17.53 19.70 21.72 23.79 26.06 28.90 32.75
63 8.59 12.59 15.86 18.53 20.73 22.82 24.99 27.41 30.49 34.60
64 9.21 13.46 16.84 19.51 21.76 23.92 26.20 28.83 32.20 36.61
65 9.82 14.22 17.69 20.35 22.70 24.99 27.44 30.34 34.04 38.78
ISSUE ATTAINED
AGE 11 12 13 14 15 16* AGE
20 1.83 1.91 2.00 2.11 2.20 2.28 35
21 1.85 1.92 2.04 2.16 2.30 2.42 36
22 1.87 1.96 2.11 2.26 2.43 2.60 37
23 1.92 2.04 2.21 2.42 2.60 2.85 38
24 2.03 2.18 2.42 2.69 2.98 3.15 39
25 2.15 2.37 2.65 3.02 3.39 3.48 40
26 2.28 2.54 2.86 3.29 3.72 3.85 41
27 2.44 2.73 3.11 3.59 4.06 4.24 42
28 2.64 2.96 3.39 3.89 4.38 4.68 43
29 2.89 3.25 3.69 4.21 4.75 5.17 44
30 3.17 3.58 4.03 4.58 5.15 5.72 45
31 3.50 3.91 4.41 4.99 5.60 6.32 46
32 3.82 4.29 4.82 5.46 6.14 7.02 47
33 4.17 4.68 5.29 5.99 6.72 7.81 48
34 4.54 5.10 5.79 6.57 7.38 8.63 49
35 4.97 5.59 6.37 7.25 8.11 9.46 50
36 5.47 6.18 7.05 8.00 8.88 10.30 51
37 6.05 6.81 7.75 8.71 9.69 11.17 52
38 6.66 7.49 8.41 9.44 10.56 12.14 53
39 7.32 8.16 9.09 10.21 11.48 13.27 54
40 8.01 8.83 9.83 11.05 12.49 14.60 55
41 8.68 9.57 10.65 12.00 13.60 16.11 56
42 9.40 10.40 11.60 13.05 14.82 17.71 57
43 10.17 11.31 12.65 14.24 16.15 19.38 58
44 11.00 12.30 13.81 15.55 17.60 21.13 59
45 11.90 13.38 15.07 16.98 19.19 22.95 60
46 12.87 14.52 16.42 18.53 20.94 24.95 61
47 13.94 15.74 17.85 20.20 22.89 27.22 62
48 15.08 17.04 19.37 22.01 25.03 29.81 63
49 16.32 18.43 21.00 23.95 27.33 32.66 64
50 17.71 20.02 22.84 26.16 29.95 35.74 65
51 19.27 21.80 24.93 28.65 32.93 39.01 66
52 20.90 23.71 27.18 31.30 36.10 42.46 67
53 22.62 25.77 29.59 34.11 39.43 45.97 68
54 24.43 27.95 32.16 37.13 42.99 49.54 69
55 26.23 30.16 34.79 40.20 46.66 53.60 70
56 28.05 32.40 37.47 43.38 50.47 58.34 71
57 29.34 34.00 39.45 45.83 53.48 62.06 72
58 30.67 35.64 41.54 48.47 56.73 65.96 73
59 32.08 37.35 43.73 51.28 60.21 70.14 74
60 33.75 39.38 46.29 54.55 64.23 74.66 75
61 35.74 41.77 49.27 58.31 68.80 79.45 76
62 37.84 44.32 52.45 62.25 73.62 84.53 77
63 40.05 47.00 55.80 66.39 78.63 89.78 78
64 42.42 49.89 59.35 70.73 83.86 94.97 79
65 44.94 52.87 62.88 74.94 88.84 99.87 80
3/31/80
EXHIBIT IV
(Part III - Page 3 of 3)
PREFFERED IS OCCIDENTAL
PREMIUMS PER 1000 OF YEARLY RENEWABLE TERM INSURANCE REINSURANCE
STANDARD MALE
ALB - $15.00 POLICY FEE
ISSUE POLICY YEAR
AGE 1 2 3 4 5 6 7 8 9 10
0 4.48 1.51 1.14 .98 .89 .83 .79 .75 .71 .69
1 1.51 1.14 .98 .89 .83 .79 .75 .71 .69 .68
2 1.14 .98 .89 .83 .79 .75 .71 .69 .68 .69
3 .98 .89 .83 .79 .75 .71 .69 .68 .69 .75
4 .89 .83 .79 .75 .71 .69 .68 .69 .75 .85
5 .83 .79 .75 .71 .69 .68 .69 .75 .85 .98
6 .79 .75 .71 .69 .68 .69 .75 .85 .98 1.14
7 .75 .71 .69 .68 .69 .75 .85 .98 1.14 1.29
8 .71 .69 .68 .69 .75 .85 .98 1.14 1.29 1.43
9 .69 .68 .69 .75 .85 .98 1.14 1.29 1.43 1.54
10 .68 .69 .75 .85 .98 1.14 1.29 1.43 1.54 1.61
11 .69 .75 .85 .98 1.14 1.29 1.43 1.54 1.61 1.61
12 .75 .85 .98 1.14 1.29 1.43 1.54 1.61 1.61 1.57
13 .85 .98 1.14 1.29 1.43 1.54 1.61 1.61 1.57 1.54
14 .98 1.13 1.28 1.41 1.52 1.60 1.61 1.57 1.54 1.52
15 1.13 1.27 1.38 1.48 1.54 1.58 1.57 1.54 1.52 1.51
16 1.27 1.37 1.44 1.49 1.54 1.54 1.53 1.52 1.50 1.49
17 1.33 1.40 1.45 1.48 1.52 1.50 1.49 1.48 1.48 1.47
18 1.31 1.38 1.42 1.45 1.47 1.43 1.43 1.43 1.43 1.45
19 1.26 1.33 1.37 1.39 1.39 1.35 1.36 1.36 1.38 1.42
66 10.42 14.78 18.26 21.03 23.57 26.07 28.80 32.06 36.16 41.24
67 11.38 15.63 19.21 22.29 25.24 28.19 31.45 35.32 40.05 45.65
68 12.41 16.43 20.08 23.55 27.05 30.67 34.67 39.33 44.79 51.01
69 13.52 17.20 20.93 24.82 29.00 33.49 38.46 44.07 50.37 57.25
70 14.53 18.51 21.89 26.19 31.46 36.19 41.93 48.74 55.85 63.20
71 15.60 20.28 23.40 28.08 34.32 39.00 45.24 53.04 60.84 68.64
72 16.93 22.00 25.39 30.46 37.24 42.31 49.08 57.54 66.01 74.47
73 18.20 23.66 27.30 32.75 40.04 45.49 52.77 61.87 70.97 80.06
74 19.24 25.01 28.86 34.62 42.32 48.09 55.79 65.40 75.02 84.64
75 20.05 26.05 30.06 36.07 44.09 50.11 58.12 68.14 78.16 88.18
76 20.76 26.98 31.13 37.36 45.66 51.89 60.19 70.57 80.94 91.32
77 21.71 28.22 32.56 39.08 47.76 54.28 62.96 73.81 84.66 95.52
78 23.21 30.17 31.81 41.77 51.06 58.02 67.30 78.91 90.51 102.11
79 25.04 32.55 37.55 45.06 55.08 62.59 72.60 85.12 97.63 110.15
80 28.47 37.01 42.70 51.24 62.63 71.17 82.56 96.79 111.02 125.25
ISSUE ATTAINED
AGE 11 12 13 14 15 16* AGE
0 .57 .68 .73 .82 .94 1.07 15
1 .69 .74 .83 .95 1.08 1.20 16
2 .75 .84 .96 1.09 1.22 1.33 17
3 .85 .97 1.10 1.23 1.34 1.43 18
4 .98 1.12 1.24 1.36 1.45 1.49 19
5 1.13 1.25 1.38 1.47 1.51 1.49 20
6 1.28 1.39 1.49 1.53 1.51 1.46 21
7 1.41 1.50 1.55 1.53 1.48 1.43 22
8 1.52 1.57 1.55 1.50 1.45 1.42 23
9 1.59 1.57 1.52 1.47 1.44 1.40 24
10 1.59 1.54 1.49 1.46 1.42 1.39 25
11 1.55 1.51 1.48 1.44 1.41 1.37 26
12 1.52 1.49 1.46 1.43 1.39 1.38 27
13 1.51 1.47 1.45 1.41 1.40 1.42 28
14 1.49 1.46 1.43 1.42 1.44 1.47 29
15 1.47 1.44 1.44 1.46 1.49 1.52 30
16 1.45 1.45 1.48 1.51 1.54 1.55 31
17 1.44 1.47 1.51 1.55 1.57 1.58 32
18 1.42 1.47 1.53 1.57 1.60 1.61 33
19 1.41 1.47 1.53 1.59 1.64 1.67 34
66 47.71 56.01 66.44 78.99 93.53 104.70 81
67 52.64 61.48 72.52 85.81 101.36 113.01 82
68 58.50 67.78 79.30 93.22 109.74 122.18 83
69 65.25 74.89 86.78 101.19 118.66 132.43 84
70 71.81 81.95 94.70 109.50 128.20 143.69 85
71 78.00 88.92 102.96 118.56 138.84 156.00 86
72 84.63 96.47 111.70 128.62 150.62 169.24 87
73 90.99 103.72 120.10 138.29 161.95 181.96 88
74 96.18 109.64 126.96 146.19 171.20 192.36 89
75 100.21 114.24 132.27 152.31 178.37 200.41 90
76 103.78 118.31 136.98 157.74 184.72 207.55 91
77 108.54 123.74 143.27 164.99 193.20 217.08 92
78 116.04 132.28 153.17 176.38 206.55 232.07 93
79 125.17 142.69 165.22 190.26 222.80 250.34 94
80 142.34 162.26 187.88 216.35 253.35 284.67 95
366.53 96
527.41 97
798.77 98
983.00 99
3/14/80
FEMALE RATES : AGES 0-10 SAME AS MALE RATES 0-10
AGES 11-14 SAME AS MALE RATE AGE 10
AGES 15 AND OVER SAME AS MALE RATES AGES 5 YEARS
YOUNGER
EXHIBIT IV
(Part III - Page 5 of 5)
EXHIBIT IV
(Part II - Page 1 of 2)
PREFERRED 15 OCCIDENTAL
PREMIUMS PER 1000 OF YEARLY RENEWABLE TERM INSURANCE REINSURANCE
STANDARD MALE
ALB
POLICY YEAR
ISSUE ATTAINED
AGE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16* AGE
0 1.01 .34 .26 .22 .20 .19 .18 .17 .16 .16 .15 .15 .16 .18 .21 .24 15
1 .34 .26 .22 .20 .19 .18 .17 .16 .16 .15 .15 .17 .19 .21 .24 .27 16
2 .26 .22 .20 .19 .18 .17 .16 .16 .15 .16 .17 .19 .22 .25 .27 .30 17
3 .22 .20 .19 .18 .17 .16 .16 .15 .16 .17 .19 .22 .25 .28 .30 .32 18
4 .20 .19 .18 .17 .16 .16 .15 .16 .17 .19 .22 .25 .28 .31 .33 .34 19
5 .19 .18 .17 .16 .16 .15 .16 .17 .19 .22 .25 .28 .31 .33 .34 .34 20
6 .18 .17 .15 .16 .15 .16 .17 .19 .22 .26 .29 .31 .34 .34 .34 .33 21
7 .17 .16 .16 .15 .16 .17 .19 .22 .26 .29 .32 .34 .35 .34 .33 .32 22
8 .16 .16 .15 .16 .17 .19 .22 .26 .29 .32 .34 .35 .35 .34 .33 .32 23
9 .16 .15 .16 .17 .19 .22 .26 .29 .32 .35 .36 .35 .34 .33 .32 .32 24
.
10 .15 .16 .17 .19 .22 .26 .29 .32 .35 .36 .36 .35 .34 .33 .32 .31 25
11 .16 .17 .19 .22 .26 .29 .32 .35 .36 .36 .35 .34 .33 .32 .32 .31 26
12 .17 .19 .22 .26 .29 .32 .35 .36 .36 .35 .34 .34 .33 .32 .31 .31 27
13 .19 .22 .26 .29 .32 .35 .36 .36 .35 .35 .34 .33 .33 .32 .32 .32 28
14 .22 .25 .29 .32 .34 .36 .36 .35 .35 .34 .34 .33 .32 .32 .32 .33 29
15 .25 .29 .31 .33 .35 .36 .35 .35 .34 .34 .33 .32 .32 .33 .34 .34 30
16 .29 .31 .32 .34 .35 .35 .34 .34 .34 .34 .33 .33 .33 .34 .35 .35 31
17 .30 .32 .33 .33 .34 .34 .34 .33 .33 .33 .32 .33 .34 .35 .35 .36 32
18 .29 .31 .32 .33 .33 .32 .32 .32 .32 .33 .32 .33 .34 .35 .36 .36 33
19 .28 .30 .31 .31 .31 .30 .31 .31 .31 .32 .32 .33 .34 .36 .37 .38 34
20 .27 .29 .30 .30 .30 .29 .29 .29 .30 .31 .32 .33 .35 .36 .38 .39 35
21 .25 .27 .29 .29 .28 .27 .28 .29 .30 .31 .32 .33 .35 .37 .40 .42 36
22 .24 .26 .28 .28 .27 .27 .28 .28 .29 .31 .32 .34 .36 .39 .42 .45 37
23 .23 .25 .27 .27 .27 .27 .27 .29 .30 .32 .33 .35 .38 .42 .45 .49 38
24 .23 .25 .26 .27 .27 .27 .28 .29 .30 .33 .35 .38 .42 .47 .52 .54 39
25 .22 .24 .25 .28 .27 .27 .28 .30 .32 .34 .35 .41 .46 .52 .59 .60 40
26 .22 .23 .25 .26 .27 .28 .29 .31 .33 .36 .39 .44 .50 .57 .64 .67 41
27 .22 .23 .25 .26 .28 .29 .30 .32 .35 .38 .42 .47 .54 .62 .70 .73 42
28 .22 .23 .25 .27 .28 .30 .32 .35 .38 .41 .46 .51 .59 .67 .76 .81 43
29 .23 .24 .26 .27 .29 .32 .34 .37 .41 .45 .50 .56 .64 .73 .82 .90 44
.
30 .23 .25 .27 .29 .31 .34 .36 .40 .44 .49 .55 .62 .70 .79 .89 .99 45
31 .24 .26 .28 .30 .33 .36 .39 .43 .48 .54 .61 .68 .76 .85 .97 1.09 46
32 .24 .27 .29 .32 .33 .38 .42 .46 .52 .59 .66 .74 .83 .95 1.06 1.22 47
33 .24 .27 .30 .33 .35 .41 .45 .50 .57 .64 .72 .81 .93 1.04 1.16 1.35 48
34 .24 .28 .31 .35 .39 .44 .49 .55 .62 .70 .79 .88 1.00 1.14 1.28 1.49 49
35 .25 .39 .33 .37 .42 .47 .54 .60 .68 .76 .86 .97 1.10 1.26 1.40 1.64 50
36 .25 .30 .35 .41 .46 .52 .59 .67 .75 .84 .95 1.07 1.22 1.38 1.54 1.78 51
37 .27 .32 .38 .44 .51 .58 .65 .74 .83 .93 1.05 1.18 1.34 1.51 1.68 1.93 52
38 .28 .35 .41 .48 .56 .64 .73 .82 .92 1.03 1.15 1.30 1.46 1.63 1.83 2.10 53
39 .30 .38 .45 .54 .62 .71 .80 .90 1.02 1.13 1.27 1.41 1.57 1.77 1.99 2.30 54
40 .32 .41 .50 .60 .69 .78 .88 .99 1.12 1.25 1.39 1.53 1.70 1.91 2.16 2.53 55
41 .35 .45 .56 .66 .76 .86 .97 1.09 1.23 1.37 1.50 1.66 1.84 2.08 2.35 2.79 56
42 .37 .48 .61 .72 .83 .94 1.06 1.19 1.33 1.48 1.63 1.80 2.01 2.26 2.57 3.06 57
43 .39 .52 .66 .79 .90 1.02 1.15 1.29 1.43 1.59 1.76 1.96 2.19 2.46 2.79 3.35 58
44 .42 .56 .71 .85 .98 1.10 1.24 1.38 1.52 1.70 1.90 2.13 2.39 2.69 3.05 3.66 59
EXHIBIT IV
(Part IV - Page 2 of 2)
PREFERRED 1 OCCIDENTAL
PREMIUMS PER 1000 OF YEARLY RENEWABLE TERM INSURANCE REINSURANCE
STANDARD MALE
ALB
ISSUE POLICY YEAR
AGE 1 2 3 4 5 6 7 8 9 10
45 .44 .60 .77 .92 1.06 1.20 1.34 1.48 1.63 1.83
46 .47 .55 .83 1.00 1.16 1.31 1.45 1.59 1.76 1.98
47 .50 .70 .90 1.09 1.28 1.43 1.57 1.73 1.92 2.14
48 .52 .76 .98 1.19 1.40 1.55 1.71 1.88 2.09 2.32
49 .56 .82 1.07 1.31 1.51 1.69 1.87 2.05 2.28 2.52
50 .59 .89 1.17 1.42 1.64 1.85 2.05 2.25 2.49 2.75
51 .54 .97 1.28 1.54 1.78 2.00 2.23 2.46 2.70 2.99
52 .68 1.06 1.39 1.66 1.91 2.16 2.40 2.65 2.92 3.23
53 .73 1.15 1.49 1.77 2.05 2.30 2.55 2.83 3.13 3.48
54 .79 1.25 1.60 1.90 2.18 2.44 2.71 3.00 3.35 3.74
55 .85 1.35 1.71 2.02 2.31 2.58 2.86 3.17 3.56 3.99
56 .91 1.44 1.83 2.16 2.45 2.72 3.02 3.35 3.75 4.24
57 .99 1.55 1.97 2.31 2.61 2.90 3.21 3.56 3.97 4.52
58 1.09 1.68 2.13 2.50 2.81 3.12 3.45 3.81 4.23 4.83
59 1.19 1.82 2.32 2.71 3.05 3.38 3.73 4.10 4.54 5.17
60 1.32 1.98 2.53 2.95 3.33 4.36 4.05 4.43 4.91 5.58
61 1.46 2.17 2.75 3.23 3.65 4.71 4.41 4.82 5.34 6.05
62 1.61 2.37 3.00 3.52 3.95 5.08 4.78 5.24 5.81 6.58
63 1.77 2.60 3.27 3.83 4.28 5.45 5.16 5.66 6.29 7.14
64 1.96 2.86 3.58 4.14 4.62 5.08 5.56 5.12 6.84 7.77
65 2.14 3.11 3.85 4.45 4.96 5.45 5.99 6.63 7.44 8.47
66 2.34 3.33 4.11 4.73 5.30 5.87 6.48 7.21 8.14 9.28
67 2.56 3.52 4.32 5.02 5.68 6.34 7.08 7.95 9.01 10.27
68 2.79 3.70 4.52 5.30 6.09 6.90 7.80 8.85 10.08 11.48
69 3.04 3.87 4.71 5.58 6.53 7.54 8.65 9.92 11.33 12.88
70 3.27 4.16 4.93 5.89 7.08 8.14 9.43 10.97 12.57 14.22
71 3.51 4.56 5.27 6.32 7.72 8.78 10.18 11.93 13.69 15.44
72 3.81 4.95 5.71 5.85 8.38 9.52 11.04 12.95 14.85 16.76
73 4.10 5.32 6.14 7.37 9.01 10.24 11.87 13.92 15.97 18.01
74 4.33 5.63 6.49 7.79 9.52 10.82 12.55 14.72 16.88 19.04
75 4.51 5.86 6.76 8.12 9.92 11.27 13.08 15.33 17.59 19.84
76 4.67 6.07 7.00 8.41 10.27 11.68 13.54 15.88 18.21 20.55
77 4.88 6.35 7.33 8.79 10.75 12.21 14.17 16.61 19.05 21.49
78 5.22 6.79 7.83 9.40 11.49 13.05 15.14 17.75 20.36 22.97
79 5.63 7.32 8.45 10.14 12.39 14.08 16.34 19.15 21.97 24.78
80 5.41 8.33 9.61 11.53 14.09 16.01 18.58 21.78 24.98 28.18
ISSUE ATTAINED
AGE 11 12 13 14 15 16+ AGE
45 2.06 2.32 2.61 2.94 3.32 3.97 60
46 2.23 2.51 2.84 3.21 3.62 4.32 61
47 2.41 2.72 3.09 3.50 3.96 4.71 62
48 2.61 2.95 3.35 3.81 4.33 5.16 63
49 2.82 3.19 3.63 4.14 4.73 5.65 64
50 3.06 3.47 3.95 4.53 5.18 6.19 65
51 3.33 3.77 4.32 4.96 5.70 6.75 66
52 3.62 4.10 4.70 5.42 6.25 7.35 67
53 3.92 4.46 5.12 5.90 6.82 7.96 68
54 4.23 4.84 5.57 6.43 7.44 8.57 69
55 4.54 5.22 6.02 6.96 8.08 9.28 70
56 4.85 5.61 6.48 7.51 8.73 10.10 71
57 5.20 6.02 6.99 8.12 9.47 11.00 72
58 5.56 6.47 7.54 8.80 10.29 11.97 73
59 5.95 6.95 8.13 9.54 11.20 13.04 74
60 6.44 7.51 8.83 10.40 12.25 14.24 75
61 6.99 8.17 9.64 11.41 13.46 15.55 76
62 7.60 8.90 10.54 12.51 14.79 16.98 77
63 8.27 9.70 11.52 13.70 16.23 18.53 78
64 9.00 10.59 12.60 15.01 17.80 20.16 79
65 9.82 11.55 13.74 16.37 19.41 21.82 80
66 10.73 12.60 14.95 17.77 21.04 23.56 81
67 11.84 13.83 16.32 19.31 22.81 25.43 82
68 13.16 15.25 17.84 20.97 24.69 27.49 83
69 14.68 16.85 19.53 22.77 25.70 29.80 84
70 16.16 18.44 21.31 24.54 28.85 32.33 85
71 17.55 20.01 23.17 26.68 31.24 35.10 86
72 19.04 21.71 25.13 28.94 33.89 38.08 87
73 20.47 23.34 27.02 31.12 36.44 40.94 88
74 21.64 24.67 28.57 32.89 38.52 43.28 89
75 22.55 25.70 29.76 34.27 40.13 45.09 90
76 23.35 26.62 30.82 35.49 41.56 46.70 91
77 24.42 27.84 32.24 37.12 43.47 48.84 92
78 26.11 29.76 34.46 39.69 46.47 52.22 93
79 28.16 32.11 37.17 42.81 50.13 56.33 94
80 32.03 36.51 42.27 48.68 57.00 64.05 95
82.47 96
118.67 97
179.72 98
221.18 99
FEMALE RATES : AGES 0-10 SAME AS MALE RATES 0-10
AGES 11-14 SAME AS MALE RATE AGE 10
AGES 15 AND OVER SAME AS MALE RATES AGES 4 YEARS YOUNGER.
THE ABOVE SUBSTANDARD EXTRAS ARE FOR TABLE I.
FOR RATING HIGHER THAN TABLE I. MULTIPLY ABOVE RATE BY THE APPROPRIATE TABLE
MULTIPLE.
THE CEDING COMPANY'S RETENTION LIMITS
-------------------------------------
Effective January 1, 1981
Life Insurance*
---------------
Standard
--------
All Ages $300,000
Substandard
-----------
Age A & AA B & BB C-D E-F H-J L-P
--- ------ ------ --- --- --- ---
0-50 $300,000 $265,000 $225,000 $180,000 $115,000 $60,000
51 289,000 255,000 217,000 173,000 111,000 58,500
52 278,000 245,000 208,000 167,000 106,000 56,000
53 266,000 235,000 200,000 160,000 102,000 53,500
54 255,000 225,000 191,000 153,000 98,000 51,000
55 244,000 215,000 183,000 146,000 93,000 49,500
56 233,000 205,000 174,000 140,000 89,000 47,000
57 221,000 195,000 166,000 133,000 85,000 44,500
58 210,000 186,000 158,000 126,000 81,000 42,000
59 199,000 176,000 149,000 119,000 76,000 40,500
60 188,000 166,000 141,000 113,000 72,000 38,000
61 176,000 156,000 132,000 106,000 68,000 35,000
62 165,000 146,000 124,000 99,000 63,000 33,000
63 154,000 136,000 115,000 92,000 59,000 31,500
64 143,000 126,000 107,000 86,000 55,000 29,000
65 131,000 116,000 98,000 79,000 50,000 26,500
66 120,000 106,000 90,000 72,000 46,000 24,000
67 109,000 96,000 82,000 65,000 42,000 22,500
68 98,000 86,000 73,000 59,000 37,000 20,000
69 86,000 76,000 65,000 52,000 33,000 17,500
70 75,000 66,000 56,000 45,000 29,000 15,000
*Lutheran Mutual will retain such additional amounts as will serve to avoid
reinsurance cessions for amounts of less than $15,000*.
EXHIBIT V
(Page 1 of 2)
Disability Waiver of Premium Benefit
------------------------------------
$150,000 of total premium
Accidental Death Benefit**
--------------------------
$100,000
**Lutheran Mutual will retain such additional amounts as will serve to avoid
reinsurance cessions for amounts of less than $10,000.
EXHIBIT V
(Page 2 of 2)
