TO THE REINSURANCE AGREEMENT BETWEEN THE AMERICAN FRANKLIN LIFE INSURANCE COMPANY OF SPRINGFIELD, ILLINOIS and THE FRANKLIN LIFE INSURANCE COMPANY OF SPRINGFIELD, ILLINOIS Except as hereinafter specified, all terms and conditions of the Reinsurance...
Exhibit 1-A(8)(d)(2)
Amendment No. 2
TO THE REINSURANCE AGREEMENT
BETWEEN
THE AMERICAN FRANKLIN LIFE INSURANCE COMPANY
OF
SPRINGFIELD, ILLINOIS
and
THE FRANKLIN LIFE INSURANCE COMPANY
OF
SPRINGFIELD, ILLINOIS
Except as hereinafter specified, all terms and conditions of the
Reinsurance Agreement dated January 1, 1988, amendments and addenda attached
thereto shall apply, and this amendment is to be attached to and made part of
the aforesaid agreement.
This Amendment is Effective January 1, 1990.
I. APPENDIX I
The original Appendix I is hereby replaced by the attached
Appendix I (Second Revision 1-1-90).
II. SCHEDULE A
The original Schedule A is hereby replaced by the attached
Schedule A (revised 1-1-90).
III. SCHEDULE B
The original Schedule B is hereby replaced by the attached
Schedule B (Second Revision 1-1-90).
IV. SCHEDULE D
The Schedule for Accidental Death Benefit Rates is hereby added to
the current Schedule D.
In Witness Whereof, both parties have executed this Amendment No. 2 in
duplicate as follows:
AMERICAN FRANKLIN LIFE INSURANCE
COMPANY
BY ______________________________
TITLE President
DATE June 27, 1990
Witness:
BY _______________________________
TITLE Sr. Vice President, General
Counsel, and Secretary
DATE June 27, 1990
THE FRANKLIN LIFE INSURANCE COMPANY
BY _______________________________
TITLE Sr. Vice President - Actuarial
DATE May 16, 1990
Witness:
BY _______________________________
TITLE Vice President and Actuary
DATE May 16, 1990
APPENDIX I
(Second Revision 1-1-90)
Insurance Subject to Reinsurance under this Agreement
Policy Form 1701 Flexible Premium Adjustable
Life Insurance (Charter one)
Policy Form T1745 Universal Life
Policy Form T1735 (Equibuilder) - Flexible Premium
Variable Universal Life
Policy Form T0113 Term Insurance Rider on the
Additional Insured Person
Policy Form T0105 Covered Insured Term Rider
Policy Form T0102 Other Insured Term Rider
SCHEDULE A
Retention Limits of the REINSURED*
Life
----
Ages Standard-Table P
---- ----------------
0-70 $50,000
Accidental Death Benefit
------------------------
$50,000
Waiver of Premium Disability
----------------------------
Retain Entire Disability Risk
*Not applicable to policies defined in the second paragraph of I.
REINSURANCE COVERAGE, Section 5. American Franklin will not retain any of
these policies.
SCHEDULE B
(Second Revision 1-1-90)
I. Maximum Amounts which the REINSURED may cede Automatically*
Life
----
Substandard
Ages Standard Through Table P
---- -------- ---------------
0-70 $50,000 on an $50,000 on an
individual life individual life
Accidental Death Benefits
-------------------------
$200,000
*This applies to newly underwritten cases only.
II. Jumbo Limit
The maximum amount of insurance issued and applied for in all
companies on each risk must not exceed $3,000,000 for automatic
reinsurance to be offered.
SCHEDULE D
Accidental Death Benefits
-------------------------
Based on the classification of the occupational manual of the
REINSURED:
Rates Per Thousand
------------------
Classification First Year Renewal
-------------- ---------- -------
Standard $ .25 $ .90
1-1/2 x Standard .40 1.25
2 x Standard .50 1.60
3 x Standard .75 2.35
5 x Standard 1.25 3.80
