Exhibit (g)(12)
AMENDMENT NO. II
To the Automatic Reinsurance Agreement
Between the
IDS LIFE INSURANCE COMPANY
And the
[name of reinsurance company]
Except as hereinafter specified, all the terms and conditions of the Automatic
Reinsurance Agreement effective the 1st day of October, 1985, amendments and
addenda attached thereto, shall apply, and this Amendment is to be attached to
and made a part of the aforesaid Agreement.
It is mutually agreed that effective the 17th day of June, 1987, EXHIBIT B,
Reinsurance Premiums, will be expanded as attached to provide reinsurance terms
for the Variable Universal Life plan of insurance.
IN WITNESS WHEREOF, the Company and the [name of reinsurance company] have
caused their names to be subscribed and duly attested hereunder by their
respective Authorized officers.
IDS LIFE INSURANCE. COMPANY
By Xxxxxx X. Xxxxxxx V.P underwriting
----------------------- Title
Authorized Officer
Attest:
By [ILLEGIBLE] EVP - Operations
-------------------------
Authorized Officer Title
Date: 7-21-87
[name of reinsurance company]
By [signature] [title]
Authorized Officer Title
Attest:
By [signature] [title]
Authorized Officer Title
Date: July 27, 1987
REINSURANCE PREMIUMS
I. Plan and Rider: Variable Universal Life
Other Insured Rider
II. Monthly Standard Reinsurance Risk Premiums: Reinsurance on the above plan
of insurance and rider ceded on a bordereau basis shall employ monthly
reinsurance premiums equal to the greater of:
a) the monthly cost of insurance rates attached to this Exhibit
B, or
b) the monthly cost of insurance rates actually charged the
insured,
less the following percentage reductions:
Policy Year
-----------
1 2-10 ll+
--- ---- ---
Nonsmoker [percentage] [percentage] [percentage]
Smoker [percentage] [percentage] [percentage]
III. Multiple Table Substandard Reinsurance Risk Premiums: The percentage
premium reductions specified in Section II, above shall apply to multiple
table substandard premiums.
IV. Annual Premiums: Reinsurance on the above plan of insurance and rider
ceded on an individual cession basis shall employ annual reinsurance
premiums as attached to this Exhibit B less the percentage reductions
specified in Section II, above.
V. Flat Extra Substandard Reinsurance Premiums:
a) Permanent Flat Extra Premiums are ones assessed for more than
5 years. [name of reinsurance company] should receive its
proportionate share of any such premiums less the percentage
premium reductions specified in Section II, above.
b) Temporary Flat Extra Premiums are ones assessed for 5 years or
less. [name of reinsurance company] should receive its
proportionate share of any such premiums less a [percentage]
reduction in all policy years.
VI. Premiums For Disability Waiver Benefit: [name of reinsurance company]
shall receive its proportionate share of disability premiums less the
percentage reductions specified in Section II., above.
EXHIBIT B
VII. Reinsurance Premiums For Policies Converted To The Variable Universal Life
Plan: Any reinsurance in force with the [name of reinsurance company] on
policies converted to or reissued on the Variable Universal Life Plan
shall be continued with the [name of reinsurance company]. The reinsured
risk amount shall be determined as described in Article V following the
conversion or reissue. The applicable reinsurance premiums will be
determined as described in this Exhibit B, with age and duration measured
from the date of issue of the original policy.
VIII. Recapture: Reinsurance ceded on these rates shall not be eligible for
recapture before the tenth policy anniversary.
EXHIBIT B (Continued)
IDS LIFE INSURANCE COMPANY
Variable Universal Life
Other Insured Rider
Monthly Annuals
current current current current current current current current
M NS M S FE NS FE 5 M NS M S FE NS FE S
VUL COI VUL COI VUL COI VUL COI VUL COI VUL COI VUL COI VUL COI
Age rates rates rates rates age rates rates rates rates
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
23
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
IDS LIFE INSURANCE COMPANY
Monthly Annual
current current current current current current current current
M NS M S FE NS FE S M NS M S FE NS FE S
VUL COI VUL COI VUL COI VUL COI VUL COI VUL COI VUL COI VUL COI
age rates rates rates rates age rates rites rates rates
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
