AMENDMENT IX TO REINSURANCE AGREEMENT 5356-1 (AUTOMATIC COINSURANCE - BULK)
BETWEEN THE CENTURY LIFE OF AMERICA OF WAVERLY, IOWA AND THE LIFE REASSURANCE
CORPORATION OF AMERICA OF STAMFORD, CONNECTICUT.
AMENDMENT IX.
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SCHEDULE C IS HEREBY VOIDED AND REPLACED BY THE ATTACHED SCHEDULE C - AMENDED,
EFFECTIVE JULY 1, 1991, HEREBY ADDING THE IMPACT TERM RIDER PLAN TO THE
PROVISIONS OF THIS AGREEMENT. THE RATES UTILIZED WILL BE THOSE SHOWN IN SCHEDULE
F, PAGES 17-18, HEREBY ADDED TO THIS AGREEMENT, EFFECTIVE JULY 1, 1991.
ALL PROVISIONS OF THE REINSURANCE AGREEMENT NOT IN CONFLICT WITH THE PROVISIONS
OF THIS AMENDMENT WILL CONTINUE UNCHANGED.
THIS AMENDMENT IS SIGNED IN DUPLICATE AT THE DATES AND PLACES INDICATED WITH AN
EFFECTIVE DATE OF JULY 1, 1991.
DATE: JANUARY 2, 0000 XXXXXXX XXXX XX XXXXXXX
--------------------------
PLACE: WAVERLY, IA BY: /s/ XXXXXX X. XXXXXXXXXX
-------------------------- -------------------------------------
XXXXXX X. XXXXXXXXXX
WITNESS: /s/ Xxxxx X. Xxxxxx TITLE: VICE PRESIDENT & VALUATION ACTUARY
-------------------------- ----------------------------------
LIFE REASSURANCE CORPORATION
DATE: DECEMBER 5, 0000 XX XXXXXXX
--------------------------
PLACE: STAMFORD, CT BY: /s/ Signature
-------------------------- -------------------------------------
WITNESS: /s/ Xxxxx X. Xxxxx TITLE: SR. VICE PRESIDENT
-------------------------- ----------------------------------
SCHEDULE C - AMENDED
--------------------
AGREEMENT NUMBER 5356-1
ALLOWANCES FOR COMMISSIONS AND EXPENSES FOR THE CENTURY LIFE OF AMERICA
-----------------------------------------------------------------------
THE PERCENTAGES TO BE DEDUCTED FROM THE STANDARD ANNUAL PREMIUMS, EXCLUSIVE OF
POLICY FEES, FOR LIFE INSURANCE AND WAIVER OF PREMIUM DISABILITY BENEFITS ARE
LISTED BELOW BY POLICY FORM AND NUMBER OF PREMIUM PAYMENTS WHERE APPLICABLE.
PLAN OF INSURANCE ALLOWANCES*
-----------------
A. LIFE
UA III (UNIVERS - ALL LIFE III)
NON-SMOKER 1ST YEAR 100%
2ND - 10TH YEARS 37%
11TH & LATER YEARS 5%
SMOKER 1ST YEAR 100%
2ND - 10TH YEARS 25%
11TH & LATER YEARS 5%
UNIVERS - ALL LIFE III
(UL III UNISEX - FROM #2212)
NON-SMOKER 1ST YEAR 100%
2ND - 10TH YEARS 37%
10TH & LATER YEARS 5%
SMOKER 1ST YEAR 100%
2ND - 10TH YEARS 25%
10TH & LATER YEARS 6%
AUTOMATIC INCREASE RIDER** POINT-IN-SCALE ALLOWANCES FOR THE
PLAN TO WHICH IT IS ATTACHED.
OTHER INSURED RIDER SAME ALLOWANCES AS THE BASE PLAN TO
WHICH IT IS ATTACHED.
SCHEDULE C - AMENDED (CONTINUED)
SCHEDULE C - AMENDED PAGE 2
UL88 = UL 2000
NON-SMOKER 1ST YEAR 100%
2ND - 10TH YEARS 36%
11TH & LATER YEARS 22%
SMOKER 1ST YEAR 100%
2ND - 10TH YEARS 36%
11TH & LATER YEARS 20%
ULEB88 = ULEB 2000
NON-SMOKER 1ST YEAR 100%
2ND - 10TH YEARS 31%
11TH & LATER YEARS 20%
SMOKER 1ST YEAR 100%
2ND - 10TH YEARS 31%
11TH & LATER YEARS 12%
IMPACT TERM RIDER
NON-SMOKER 1ST YEAR 100%
2ND - 10TH YEARS 32%
11TH & LATER YEARS 9%
SMOKER 1ST YEAR 100%
2ND - 10TH YEARS 29%
11TH & LATER YEARS 0%
UNISEX
NON-SMOKER 1ST YEAR 100%
2ND - 10TH YEARS 32%
11TH & LATER YEARS 9%
SMOKER 1ST YEAR 100%
2ND - 10TH YEARS 29%
11TH & LATER YEARS 0%
SCHEDULE C - AMENDED PAGE 3
*ON CESSIONS IN EXCESS OF $5,000,000 LIFE RE RESERVES THE RIGHT TO ADJUST
ALLOWANCES FOR COMMISSIONS AND EXPENSES.
**THE MAXIMUM INCREASE AMOUNT IS THE LESSOR TO $25,000 OR 15% OF THE INTIAL
SPECIFIED AMOUNT. THEREFORE, THE MAXIMUM INCREASE FOR ANY CASE WOULD BE
$375,000 OVER THE LIFETIME OF THE CONTRACT. THE NUMBER OF INCREASES AVAILABLE
IS STAGGERED BASED ON THE RIDER ISSUE AGE. THE COMPANY'S UNDERWRITING DEPARTMENT
WILL CONSIDER THE FIRST 5 RIDER INCREASES IN DETERMINING UNDERWRITING
REQUIREMENTS.
FLEXIBLE ADVANTAGE LIFE
(5302 AND 5303 - EB)
NON-SMOKER 1ST YEAR 100%
2ND YEAR 42%
SMOKER 1ST YEAR 100%
2ND YEAR & LATER 42%
UNISEX 1ST YEAR 100%
2ND YEAR & LATER 42%
B. WAIVER OF PREMIUM
THE FIRST - YEAR ALLOWANCES WILL BE THE SAME AS THOSE SHOWN FOR THE LIFE
PORTION, NOT TO EXCEED 100% OF THE PREMIUM FOR WAIVER OF PREMIUM
DISABILITY BENEFITS. RENEWAL ALLOWANCES WILL BE THE SAME AS THOSE FOR THE
LIFE PORTION.
FOR SUBSTANDARD TABLE EXTRAS AND FOR FLAT PERMANENT EXTRAS PAYABLE FOR MORE
THAN FIVE YEARS, ALLOWANCES WILL BE THE SAME AS THOSE SHOWN FOR
STANDARD RATINGS, NOT TO EXCEED 100% IN THE FIRST YEARS. FOR FLAT TEMPORARY
EXTRAS PAYABLE FOR FIVE YEARS OR LESS AND FOR FLAT EXTRAS FOR AVIATION
HAZARDS, THE ALLOWANCES WILL BE 10% IN ALL YEARS.
EFFECTIVE JULY 1, 1991
ULTIMATE TERM RIDER - CURRENT RATES FOR ALL DURATIONS
ATT
AGE MALE FEMALE
=== ====== ======
0 .85 .66
1 .83 .64
2 .79 .60
3 .77 .58
4 .73 .57
5 .68 .55
6 .63 .53
7 .58 .51
8 .55 .50
9 .54 .49
10 .55 .48
11 .60 .50
12 .65 .51
13 .78 .57
14 .92 .61
15 1.09 .67
16 1.27 .72
17 1.42 .75
18 1.55 .76
19 1.62 .78
ATT ---MALE--- ---FEMALE---
AGE SMOKER NS SMOKER NS
=== ====== ======= ====== ======
0 1.65 1.65 .78 .78
21 1.72 1.59 .80 .76
22 1.79 1.49 .82 .76
23 1.88 1.39 .85 .75
24 1.94 1.30 .88 .74
25 1.96 1.23 .91 .73
26 1.94 1.18 .94 .73
27 1.93 1.16 .98 .75
28 1.93 1.15 1.02 .75
29 1.95 1.13 1.06 .78
30 1.96 1.11 1.08 .78
31 2.00 1.11 1.14 .79
32 2.03 1.11 1.18 .82
33 2.08 1.11 1.25 .85
34 2.16 1.13 1.32 .88
35 2.25 1.15 1.40 .92
36 2.36 1.18 1.50 .96
37 2.51 1.23 1.60 1.00
38 2.67 1.29 1.70 1.05
39 2.87 1.36 1.85 1.13
40 3.08 1.43 2.02 1.22
41 3.33 1.52 2.24 1.33
42 3.62 1.63 2.51 1.45
43 3.91 1.74 2.79 1.60
44 4.23 1.85 3.11 1.76
45 4.61 1.98 3.41 1.89
46 4.97 2.13 3.71 2.03
47 5.39 2.31 4.02 2.20
48 5.83 2.50 4.32 2.38
49 6.29 2.68 4.64 2.55
50 6.79 2.90 4.98 2.76
51 7.31 3.16 5.30 3.00
52 7.88 3.44 5.60 3.19
53 8.48 3.74 5.94 3.40
54 9.10 4.07 6.30 3.65
55 9.73 4.44 6.74 3.94
56 10.37 4.86 7.20 4.25
57 11.00 5.32 7.76 4.62
58 11.66 5.81 8.31 5.02
59 12.35 6.36 8.93 5.44
60 13.08 6.97 9.61 5.93
61 14.17 7.74 10.32 6.44
62 15.37 8.58 11.06 7.01
63 16.68 9.53 11.88 7.61
64 18.11 10.58 12.72 8.28
65 19.64 11.77 13.65 9.02
66 21.10 12.91 14.55 9.76
67 22.88 14.32 15.40 10.51
68 24.58 15.73 16.35 11.35
69 26.38 17.27 17.44 12.32
70 28.62 19.15 18.82 13.52
71 31.01 21.19 20.33 14.82
72 33.60 23.46 21.93 16.22
73 37.54 26.73 23.75 17.81
74 41.37 30.09 25.96 19.74
75 44.78 33.22 28.63 22.08
76* 48.28 36.41 31.64 24.77
77* 52.32 40.07 34.94 27.79
78* 54.94 42.66 38.59 31.18
79* 59.03 46.52 42.71 35.07
80* 63.41 50.77 47.41 39.54
81* 68.40 55.63 52.51 44.50
82* 73.37 60.67 57.91 49.85
83* 77.68 65.26 63.79 55.79
84* 82.63 70.64 69.85 62.04
85* 88.61 77.08 77.86 70.18
86* 95.40 84.56 84.25 77.02
87* 101.07 91.23 92.01 85.30
88* 109.31 100.63 99.66 93.60
89* 116.63 109.25 107.97 102.67
90* 126.49 120.47 117.27 112.78
91* 139.25 134.39 126.51 122.59
92* 150.24 146.56 138.59 135.34
93* 164.14 161.77 149.24 146.89
94* 178.37 177.14 163.74 162.44
EFFECTIVE JULY 1, 1991
* FOR RENEWAL ONLY
UNISEX ULTIMATE TERM RIDER - CURRENT RATES FOR ALL DURATIONS
ATT
AGE ALL
==== ====
0 .81
1 .79
2 .75
3 .73
4 .70
5 .65
6 .61
7 .57
8 .54
9 .53
10 .54
11 .58
12 .62
13 .74
14 .86
15 1.01
16 1.16
17 1.29
18 1.39
19 1.45
* FOR RENEWAL ONLY
ATT
AGE SMOKER NS
==== ======= ======
20 1.48 1.48
21 1.54 1.42
22 1.60 1.34
23 1.67 1.26
24 1.73 1.19
25 1.75 1.13
26 1.74 1.09
27 1.74 1.08
28 1.75 1.07
29 1.77 1.06
30 1.78 1.04
31 1.83 1.05
32 1.86 1.05
33 1.91 1.06
34 1.99 1.08
35 2.08 1.10
36 2.19 1.14
37 2.33 1.18
38 2.48 1.24
39 2.67 1.31
40 2.87 1.39
41 3.11 1.48
42 3.40 1.59
43 3.69 1.71
44 4.01 1.83
45 4.37 1.96
46 4.72 2.11
47 5.12 2.29
48 5.53 2.48
49 5.96 2.65
50 6.43 2.87
51 6.91 3.13
52 7.42 3.39
53 7.97 3.67
54 8.54 3.99
55 9.13 4.34
56 9.74 4.74
57 10.35 5.18
58 10.99 5.65
59 11.67 6.18
60 12.39 6.76
61 13.40 7.48
62 14.51 8.27
63 15.72 9.15
64 17.03 10.12
65 18.44 11.22
66 19.79 12.28
67 21.38 13.56
68 22.93 14.85
69 24.59 16.28
70 26.66 18.02
71 28.87 19.93
72 31.27 22.01
73 34.78 24.95
74 38.29 28.03
75 41.55 30.99
76* 44.95 34.08
77* 48.84 37.61
78* 51.67 40.36
79* 55.77 44.23
80* 60.21 48.52
81* 65.22 53.40
82* 70.28 58.51
83* 74.90 63.37
84* 80.07 68.92
85* 86.46 75.70
86* 93.17 83.05
87* 99.26 90.04
88* 107.38 99.22
89* 114.90 107.93
90* 124.65 118.93
91* 136.70 132.03
92* 147.91 144.32
93* 161.16 158.79
94* 175.44 174.30
EFFECTIVE JULY 1, 1991
