AMENDMENT to the Risk Premium Reinsurance Agreement between the CENTURY LIFE OF AMERICA of Waverly, Iowa, hereinafter referred to as the "REINSURED," and THE LINCOLN NATIONAL LIFE INSURANCE COMPANY of Fort Wayne, Indiana,
AMENDMENT
to the Risk Premium Reinsurance Agreement between the
CENTURY LIFE OF AMERICA of Waverly, Iowa,
hereinafter referred to as the "REINSURED,"
and
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY of Fort Xxxxx, Indiana,
hereinafter referred to as the "LINCOLN,"
effective September 1, 1983.
The reinsurance premium for the REINSURED'S Other Insured Rider with issue
amounts of $10,000 to $24,999, shall be the REINSURED'S cost of insurance rates,
attached hereto, charged the insured per thousand of the net amount at risk
times the following percentages and applied to reinsurance under the
above-mentioned reinsurance agreement on and after the first day of January,
1986.
Policy Year
Smoking Status Issue Age 1 2-10 11+
-------------- --------- - ---- ---
Nonsmoker 0-49 0% 68% 83%
50+ 0 65 80
Smoker 0-49 0 85 90
50+ 0 65 75
For the REINSURED'S Other Insured Rider with issue amounts greater than $24,999,
the reinsurance premium shall be as described in Schedule D, Part IV of the
above-mentioned reinsurance agreement.
It is expressly understood and agreed that the provisions of this amendment
shall be subject to all the terms and conditions of the reinsurance agreement of
which this amendment is a part which do not conflict with the terms hereof.
Revision No. 7
IN WITNESS WHEREOF the parties hereto have caused this amendment to be
executed in duplicate on the dates shown below.
CENTURY LIFE OF AMERICA
By /s/ Xxxxxx X. Xxxxxxx Xx. By /s/ Xxxxx X. Xxxxxxxx
----------------------------- ---------------------------
Xxxxxx X. Xxxxxxx Xx. Xxxxx X. Xxxxxxxx
V.P. & Actuary Vice President - Legal and Assistant
Secretary
Date 8/1/86 Date 8/1/86
--------------------------- -------------------------
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
By /s/ Xxxx X. XxXxxxxxx By /s/ Xxxxx Xxxxxxx
----------------------------- ---------------------------
Xxxx X. XxXxxxxxx Xxxxx Xxxxxxx
Vice President Assistant Secretary
Date 8/14/86 Date 8.12.86
------------------------- -------------------------
UA-III
OTHER INSURED RIDER GROSS PREMIUM FOR $10,000 - $24,999 BAND
FOR ATTAINED AGES 0-35 ANY POLICY YEARS 1-10
(ANNUAL RATES PER $1,000)
------------------------MALE------------------------ -----------------------FEMALE-----------------------
AGE GUAR STANDARD NONSMOKER GUAR STANDARD NONSMOKER AGE
0 4.64 1.87 1.87 3.94 1.67 1.67 0
1 1.85 1.85 1.85 1.65 1.65 1.65 1
2 1.83 1.83 1.83 1.64 1.64 1.64 2
3 1.82 1.82 1.82 1.63 1.63 1.63 3
4 1.80 1.80 1.80 1.62 1.62 1.62 4
5 1.76 1.78 1.78 1.61 1.61 1.61 5
6 1.77 1.77 1.77 1.58 1.58 1.58 6
7 1.76 1.76 1.76 1.56 1.56 1.56 7
8 1.75 1.75 1.75 1.55 1.55 1.55 8
9 1.75 1.75 1.75 1.54 1.54 1.54 9
10 1.77 1.77 1.77 1.55 1.55 1.55 10
11 1.80 1.80 1.80 1.57 1.57 1.57 11
12 1.84 1.84 1.84 1.59 1.59 1.59 12
13 1.91 1.91 1.91 1.63 1.63 1.63 13
14 1.99 1.99 1.99 1.68 1.68 1.68 14
15 2.08 2.08 2.08 1.72 1.72 1.72 15
16 2.09 2.09 2.09 1.73 1.73 1.73 16
17 2.09 2.09 2.09 1.74 1.74 1.74 17
18 2.09 2.09 2.09 1.75 1.75 1.75 18
19 2.09 2.09 2.09 1.76 1.76 1.76 19
20 2.09 2.09 2.09 1.77 1.77 1.77 20
21 2.10 2.10 2.09 1.78 1.78 1.77 21
22 2.11 2.11 2.09 1.79 1.79 1.77 22
23 2.13 2.13 2.10 1.81 1.81 1.78 23
24 2.14 2.14 2.10 1.84 1.82 1.78 24
25 2.15 2.15 2.10 1.87 1.84 1.79 25
26 2.17 2.17 2.10 1.90 1.85 1.79 26
27 2.19 2.17 2.10 1.92 1.87 1.80 27
28 2.20 2.20 2.11 1.93 1.89 1.81 28
29 2.22 2.22 2.12 1.96 1.91 1.82 29
30 2.24 2.24 2.13 2.01 1.93 1.83 30
31 2.26 2.26 2.14 2.05 1.95 1.84 31
32 2.29 2.28 2.15 2.10 1.97 1.85 32
33 2.36 2.31 2.16 2.16 1.99 1.86 33
34 2.45 2.34 2.17 2.22 2.01 1.88 34
35 2.58 2.40 2.19 2.29 2.04 1.91 35
NOTE: OIR RATES FOR AGES ABOVE 35, AMOUNTS OF $25,000 OR MCRE, OR DURATIONS
ABOVE 10 ARE THE SAME AS THE CORRESPONDING RATES OF THE PRIMARY UA-III
COVERAGE.
