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, hereinafter referred to as...
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.
1. The REINSURED'S plans to be reinsured under the above-mentioned
reinsurance agreement on and after the first day of January, 1986, shall be
those specified in the Appendix I attached hereto.
2. The reinsurance percentages for the REINSURED'S cost of insurance rates
shall be as described in Schedule D, Part IV, attached hereto, and shall apply
to reinsurance of the REINSURED'S Univers-ALL-III plan ceded under the
above-mentioned reinsurance agreement on and after the first day of January,
1986, but in no event shall such percentages apply to amounts of reinsurance in
excess of $5,000,000 on any one life ceded by the REINSURED to the LINCOLN.
3. On and after the first day of January, 1986, the premium rates labeled
"F5H3, NONSMOKERS," "H3, SMOKERS," and "H4, SUBSTANDARD," under the Risk Premium
Reinsurance Agreement between the REINSURED and the LINCOLN, effective January
1, 1982, shall be applied to reinsurance in excess of $5,000,000 per life. Such
reinsurance shall not be so terminated as described in the "INCREASE IN LIMIT OF
RETENTION" article thereof until it has been in force for at least five years.
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. 4
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/ Xxxx X. Xxxxxx By /s/ Xxxxx X. Xxxxxxxx
--------------------- -----------------------
Date 4/4/86 Date
-------------------- ----------------------
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
By /s/ Signature By /s/ Xxxxx Xxxxxxx
--------------------- -----------------------
Vice President Assistant Secretary
Date 4/14/86 Date 4/11/86
-------------------- ----------------------
APPENDIX I
Insurance Subject to Reinsurance under this Agreement
A. 100% of the REINSURED'S entire excess of its issues of the following plans
bearing register dates in the range shown below to insureds having surnames
beginning with the letters of the alphabet shown below.
Reinsurance Dates Letters
Plan Renewal Basis from through from through
---- ------------- ---- ------- ---- -------
Universal Life Plan 20 Years 9-1-83 -- A K
Univers-ALL Life II 20 Years 5-1-84 -- A K
Univers-All-III (Form 2222) 10 Years 1-1-86 -- A K
Other Insured Rider 10 Years 1-1-86 -- A K*
Automatic Increase Rider 10 Years 1-1-86 -- A K
B. Continuations of the REINSURED'S issues to any of the plans listed above,
provided the original policy was reinsured with the LINCOLN under this or
another reinsurance agreement.
*Other Insured Rider issues shall be based on the primary insured's surname.
SCHEDULE D, PART IV
(Effective January 1, 1986)
Reinsurance Premium Rates
Univers-All-III (Policy Form 222)
The reinsurance premium for the first $5,000,000 of reinsurance on any one life
shall be the attached cost of insurance rates charged the insured per thousand
of the net amount at risk times the following percentages of the cost of
insurance charged the insured:
Policy Year
Smoking Status Issue Age 1 2-10 11+
-------------- --------- - ---- ---
Nonsmoker 0-49 0% 68% 83%
50+ 0 65 30
Smoker 0-49 0 85 90
50+ 0 65 75
Substandard Risks
-----------------
The substandard table-extra reinsurance premium shall be the number of tables
assessed the risk times 25% of the attached appropriate standard rates times the
following percentages:
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
Waiver of Premium Disability, Payor Benefits and Accidental Death Benefits
--------------------------------------------------------------------------
The premium which the REINSURED charges the insured on the amount reinsured less
total allowances of 75% first year and 10% in renewal years.
UA-III RATES - MALE
GUAR CURRENT TERM COST PER 1000 CHARGE
TERM STANDARD NONSMOKER (1-10)
AGE COST 1-10 11+ 1-10 11+ STD NS AGE
=== ==== ==== === ==== === === == ===
0 4.64 1.22 .00 0
1 1.64 1.20 .00 1
2 1.49 1.18 .00 2
3 1.43 1.17 .00 3
4 1.37 1.15 .00 4
5 1.33 1.13 .00 3
6 1.28 1.12 .00 6
7 1.25 1.11 .00 7
8 1.22 1.10 .00 8
9 1.21 1.10 .00 9
10 1.22 1.12 .76 .00 10
11 1.25 1.15 .76 .00 11
12 1.29 1.19 .77 .00 12
13 1.36 1.26 .77 .00 13
14 1.43 1.34 .78 .00 14
15 1.50 1.43 .78 .00 13
16 1.58 1.49 .79 .00 16
17 1.65 1.55 .79 .00 17
18 1.72 1.60 .80 .00 18
19 1.76 1.63 .80 .00 19
20 1.81 1.67 .81 1.67 .81 .00 .00 20
21 1.84 1.70 .90 1.69 .82 .10 .00 21
22 1.87 1.73 .99 1.71 .83 .21 .00 22
23 1.90 1.76 1.07 1.73 .84 .34 .00 23
24 1.92 1.78 1.16 1.74 .85 .48 .00 24
25 1.95 1.81 1.25 1.76 .86 .60 .00 25
26 1.98 1.84 1.32 1.79 .87 .68 .00 26
27 2.01 1.87 1.39 1.83 .88 .76 .00 27
28 2.05 1.91 1.47 1.86 .89 .83 .00 28
29 2.10 1.95 1.55 1.90 .90 .90 .00 29
30 2.16 2.01 1.65 1.95 .91 .95 .00 30
31 2.22 2.06 1.69 1.99 .92 .99 .00 31
32 2.29 2.13 1.72 2.04 .93 1.01 .00 32
33 2.36 2.19 1.77 2.09 .94 1.02 .00 33
34 2.45 2.28 1.84 2.14 .95 1.03 .00 34
35 2.58 2.40 1.93 2.19 .96 1.05 .00 35
36 2.72 2.52 2.04 2.23 .97 1.06 .00 36
37 2.90 2.69 2.18 2.30 .99 1.07 .00 37
38 3.13 2.89 2.34 2.40 1.02 1.09 .00 38
39 3.39 3.13 2.53 2.51 1.07 1.10 .00 39
40 3.68 3.39 2.74 2.63 1.14 1.10 .00 40
41 4.00 3.67 3.03 2.78 1.24 1.10 .00 41
42 4.35 3.98 3.37 2.95 1.38 1.10 .00 42
43 4.72 4.31 3.72 3.12 1.51 1.10 .00 43
44 5.13 4.68 4.12 3.30 1.66 1.10 .00 44
45 5.59 5.09 4.58 3.50 1.83 1.10 .00 45
46 6.09 5.53 5.05 3.76 2.02 1.10 .00 46
47 6.65 6.02 5.59 4.03 2.25 1.10 .00 47
48 7.27 6.57 6.17 4.34 2.50 1.10 .00 48
49 7.96 7.18 6.81 4.67 2.76 1.10 .00 49
GUAR CURRENT TERM COST PER 1000 CHARGE
TERM STANDARD NONSMOKER (1-10)
AGE COST 1-10 11+ 1-10 11+ STD NS AGE
=== ==== ==== === ==== === === == ===
50 8.71 7.84 7.50 5.03 3.06 1.10 .00 50
51 9.53 8.54 8.25 5.33 3.42 1.10 .00 51
52 10.42 9.29 9.08 5.65 3.82 1.10 .00 52
53 11.39 10.11 9.97 5.98 4.26 1.10 .00 53
54 12.45 11.01 10.93 6.33 4.75 1.10 .00 54
55 13.60 11.94 11.94 6.68 5.31 1.10 .00 55
56 14.87 13.00 13.00 7.24 5.95 1.10 .00 56
57 16.26 14.09 14.09 7.85 6.68 1.10 .00 57
58 17.79 15.25 15.25 8.52 7.48 1.10 .00 58
59 19.46 16.51 16.51 9.26 8.39 1.10 .00 59
60 21.28 17.88 17.88 10.05 9.41 1.10 .00 60
61 23.26 19.40 19.40 11.02 10.48 1.10 .00 61
62 25.43 21.06 21.06 12.08 11.65 1.10 .00 62
63 27.79 22.88 22.88 13.25 12.97 1.10 .00 63
64 30.38 24.86 24.86 14.53 14.43 1.10 .00 64
65 33.22 26.99 26.99 16.07 16.07 1.10 .00 65
66 36.36 29.30 29.30 17.83 17.83 1.10 .00 66
67 39.82 31.81 31.81 19.80 19.80 1.10 .00 67
68 43.60 34.52 34.52 22.00 22.00 1.10 .00 68
69 47.65 37.46 37.46 24.43 24.43 1.10 .00 69
70 51.91 40.66 40.66 27.11 27.11 1.10 .00 70
71 56.34 44.11 44.11 30.05 30.05 1.10 .00 71
72 60.89 47.84 47.84 33.31 33.31 1.10 .00 72
73 65.61 51.89 51.89 36.88 36.88 1.10 .00 73
74 70.65 56.29 56.29 40.86 40.86 1.10 .00 74
75 76.16 61.14 61.14 45.29 45.29 1.10 .00 75
76 82.31 66.51* 66.51 50.09* 50.09 76
77 89.22 72.43* 72.43 55.40* 55.40 77
78 96.93 78.91* 78.91 61.20* 61.20 78
79 105.35 85.98* 85.98 67.69* 67.69 79
80 114.39 93.56* 93.56 74.35* 74.85 80
81 123.95 101.72* 101.72 82.68* 82.68 81
82 133.92 110.49* 110.49 91.31* 91.31 82
83 144.30 119.97* 119.97 100.74* 100.74 83
84 155.12 130.22* 130.22 111.27* 111.27 84
85 166.47 141.33 122.90 85
86 178.39 152.88 135.44 86
87 191.02 165.09 148.99 87
88 204.57 176.76 162.68 88
89 219.37 186.25 174.45 89
90 235.82 193.72 184.50 90
91 254.44 200.54 193.54 91
92 275.82 209.67 204.53 92
93 300.67 224.30 221.06 93
94 330.70 242.88 241.21 94
* FOR RENEWAL ONLY
UA-III RATES - FEMALE
GUAR CURRENT TERM COST PER 1000 CHARGE
TERM STANDARD NONSMOKER (1-10)
AGE COST 1-10 11+ 1-10 11+ STD NS AGE
=== ==== ==== === ==== === === == ===
0 3.94 1.02 .00 0
1 1.54 1.00 .00 1
2 1.38 .99 .00 2
3 1.32 .98 .00 3
4 1.27 .97 .00 4
5 1.22 .96 .00 5
6 1.17 .93 .00 6
7 1.14 .91 .00 7
8 1.12 .90 .00 8
9 1.11 .89 .00 9
10 1.12 .90 .45 .00 10
11 1.13 .92 .45 .00 11
12 1.15 .94 .46 .00 12
13 1.19 .98 .46 .00 13
14 1.24 1.03 .47 .00 14
15 1.29 1.07 .47 .00 15
16 1.36 1.12 .48 .00 16
17 1.43 1.17 .48 .00 17
18 1.50 1.22 .49 .00 10
19 1.58 1.28 .49 .00 19
20 1.65 1.33 .50 1.33 .50 .00 .00 20
21 1.72 1.38 .52 1.37 .50 .03 .00 21
22 1.76 1.42 .54 1.40 .51 .06 .00 22
23 1.81 1.46 .57 1.44 .51 .09 .00 23
24 1.84 1.49 .60 1.46 .52 .12 .00 24
25 1.87 1.52 .63 1.48 .52 .15 .00 25
26 1.90 1.57 .66 1.50 .53 .19 .00 26
27 1.92 1.61 .70 1.52 .53 .23 .00 27
28 1.95 1.66 .75 1.55 .54 .27 .00 28
29 1.98 1.71 .79 1.57 .54 .31 .00 29
30 2.01 1.75 .83 1.60 .55 .35 .00 30
31 2.05 1.79 .88 1.65 .56 .41 .00 31
32 2.10 1.84 .96 1.70 .58 .47 .00 32
33 2.16 1.91 1.05 1.77 .62 .53 .00 33
34 2.22 1.97 1.13 1.84 .66 .59 .00 34
35 2.29 2.04 1.22 1.91 .70 .65 .00 35
36 2.36 2.11 1.32 1.98 .75 .68 .00 36
37 2.45 2.20 1.42 2.07 .79 .71 .00 37
38 2.58 2.33 1.54 2.19 .85 .74 .00 38
39 2.72 2.46 1.69 2.32 .92 .77 .00 39
40 2.90 2.64 1.88 2.49 1.02 .80 .00 40
41 3.13 2.85 2.11 2.64 1.14 .80 .00 41
42 3.39 3.10 2.40 2.81 1.28 .80 .00 42
43 3.68 3.37 2.70 3.00 1.43 .80 .00 43
44 4.00 3.67 3.04 3.21 1.61 .80 .00 44
45 4.35 4.00 3.36 3.43 1.77 .80 .00 45
46 4.72 4.32 3.69 3.61 1.95 .80 .00 46
47 5.13 4.68 4.02 3.79 2.13 .80 .00 47
48 5.59 5.08 4.34 3.99 2.30 .80 .00 48
49 6.09 5.51 4.68 4.20 2.50 .80 .00 49
GUAR CURRENT TERM COST PER 1000 CHARGE
TERM STANDARD NONSMOKER (1-10)
AGE COST 1-10 11+ 1-10 11+ STD NS AGE
=== ==== ==== === ==== === === == ===
50 6.65 5.99 5.04 4.43 2.71 .80 .00 50
51 7.27 6.35 5.38 4.71 2.92 .80 .00 51
52 7.96 6.75 5.70 5.01 3.12 .80 .00 52
53 8.71 7.16 6.05 5.33 3.35 .80 .00 53
54 9.53 7.59 6.43 5.66 3.61 .80 .00 54
55 10.42 8.02 6.91 6.01 3.92 .80 .00 55
56 11.39 8.41 7.41 6.25 4.26 .80 .00 56
57 12.45 8.79 7.99 6.49 4.65 .80 .00 57
58 13.60 9.17 8.59 6.73 5.07 .80 .00 58
59 14.87 9.55 9.26 6.95 5.53 .80 .00 59
60 16.26 9.97 9.97 7.16 6.04 .80 .00 60
61 17.79 10.74 10.74 7.59 6.60 .80 .00 61
62 19.46 11.53 11.53 8.03 7.20 .80 .00 62
63 21.28 12.40 12.40 8.48 7.85 .80 .00 63
64 23.26 13.30 13.30 8.97 8.56 .80 .00 64
65 25.43 14.29 14.29 9.40 9.34 .80 .00 65
66 27.79 15.24 15.24 10.18 10.13 .80 .00 66
67 30.38 16.16 16.16 10.98 10.94 .80 .00 67
68 33.22 17.17 17.17 11.86 11.84 .80 .00 68
69 36.36 18.33 18.33 12.88 12.87 .80 .00 69
70 39.82 19.80 19.80 14.14 14.14 .80 .00 70
71 43.60 21.42 21.42 15.54 15.54 .80 .00 71
72 47.65 23.12 23.12 17.02 17.02 .80 .00 72
73 51.91 25.07 25.07 18.73 18.73 .80 .00 73
74 56.34 27.42 27.42 20.78 20.78 .80 .00 74
75 60.89 30.27 30.27 23.28 23.28 .80 .00 75
76 65.61 33.49* 33.49 26.16* 26.16 76
77 70.65 36.99* 36.99 29.37* 29.37 77
78 76.16 40.89* 40.89 32.99* 32.99 78
79 82.31 45.28* 45.28 37.14* 37.14 79
80 89.22 59.30* 50.30 41.91* 41.91 80
81 96.93 55.75* 55.75 47.20* 47.20 81
82 105.35 61.50* 61.50 52.91* 52.91 82
83 114.39 67.79* 67.79 59.25* 59.25 83
84 123.95 74.82 74.82 66.42* 66.42 84
85 133.92 82.80 74.60 85
86 144.30 91.70 83.81 86
87 155.12 101.31 93.89 87
88 166.47 111.68 104.88 88
89 178.39 122.82 116.78 89
90 191.02 134.79 129.61 90
91 204.57 144.15 139.68 91
92 219.37 155.35 151.71 92
93 235.92 170.91 168.22 93
94 254.44 189.86 188.36 94
* FOR RENEWAL ONLY
