Exhibit (g)(8)
AUTOMATIC REINSURANCE AGREEMENT
Between the
IDS LIFE INSURANCE COMPANY
Minneapolis, Minnesota
And the
[name of reinsurance company]
[city and state of reinsurance company]
AUTOMATIC REINSURANCE AGREEMENT
Contents
ARTICLE I Basis of Reinsurance
Automatic Coverage
Special Automatic Coverage
Exceptions to Automatic Reinsurance
Facultative Reinsurance
ARTICLE II Facultative Submissions
Confirmation of Reinsurance
Policy Forms, Rate Book
ARTICLE III Commencement & Termination of Liability
ARTICLE IV Oversights - Clerical Errors
ARTICLE V Plan of Reinsurance
ARTICLE VI Reinsurance Administration
ARTICLE VII Reinsurance Premiums
ARTICLE VIII Experience Refunds
ARTICLE IX Tax Credits
ARTICLE X Reductions
ARTICLE XI Retention Limit Increases (Recapture)
ARTICLE XII Reinstatements
ARTICLE XIII Policy Changes
ARTICLE XIV Settlement of Claims
ARTICLE XV Inspection of Records
ARTICLE XVI Insolvency
ARTICLE XVII Arbitration
ARTICLE XVIII Parties to Agreement
ARTICLE XIX Duration of Agreement
Signature Page
EXHIBIT A - Bordereau Report Forms
EXHIBIT B - Reinsurance Premiums
SCHEDULE I - Limits of Retention
AUTOMATIC REINSURANCE AGREEMENT
THIS AGREEMENT between the IDS LIFE INSURANCE COMPANY, a corporation organized
under the laws of the State of Minnesota, hereinafter referred to as the
"Company", and the [name of reinsurance company], a corporation organized under
the laws of the State of [state], hereinafter referred to as [name of
reinsurance company], WITNESSETH AS FOLLOWS:
ARTICLE I
Basis of Reinsurance
1. On and after the 1st day of April, 1990, whenever the Company issues an
amount of Life Insurance in excess of its retention on the plans of insurance
stated in Exhibit B, [percentage] of such excess, up to the limits specified in
Paragraph 2, below, shall be reinsured automatically with the [name of
reinsurance company] along with a corresponding amount of Waiver of Premium
Disability Insurance, if any. At the option of the Company, reinsurance may be
ceded to the [name of reinsurance company] on an automatic basis as provided in
Paragraphs 2 and 3 of this Article or applications for reinsurance may be made
to the [name of reinsurance company] on a facultative basis as provided in
Paragraph 5 of this Article.
Automatic Coverage
2. Except as specified in Paragraph 4, whenever the Company retains its
maximum limit of retention, as indicated in Schedule I, the Company shall cede
and the [name of reinsurance company] shall automatically accept such Life
reinsurance as provided herein with a
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corresponding amount of Waiver of Premium, if any, on the same terms and for an
amount not exceeding one and eighty-nine one hundredths (1.89) times the amount
retained by the Company at its own risk.
Special Automatic Coverage
3. Even though the Company may already be on a risk for its maximum limit
of retention under policies previously issued and therefore unable to retain any
part of the insurance currently applied for, the Company, without retaining any
more for its own account, shall still have the right to cede automatically the
full amount of new insurance, within the limits specified above, on the same
terms on which it would be willing to accept the risk for its own account if it
did not already have its maximum limit of retention.
Exceptions to Automatic Coverage
4. Reinsurance shall not be ceded to the [name of reinsurance company]
under this Automatic Agreement on any life if:
(a) The amount of Life insurance in force plus the amount currently
being applied for on that life in all companies exceeds [dollar
amount], or
(b) The substandard mortality rating assessed to the risk exceeds Class
P ([percentage]) or its equivalent on an extra premium basis, or
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(c) The insurance is the result of a group conversion where full
evidence of insurability has not been secured, or
(d) The Company has submitted the risk to another re-insurer for
facultative consideration.
Facultative Reinsurance
5. Applications for reinsurance of amounts in excess of the automatic
limits provided above, and any risks which the Company does not care to cede to
the [name of reinsurance company] automatically or which may not be so ceded
under the terms of this Agreement, may be submitted for reinsurance upon a
facultative basis.
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ARTICLE II
Facultative Submissions
1. When the Company submits a risk to the [name of reinsurance company] on
a facultative basis, copies of the original application, all medical
examinations, microscropical reports, inspections reports and all other
information the Company may have pertaining to the insurability of the risk
shall be sent to the [name of reinsurance company] along with the appropriately
completed Bordereau Facultative Application, (Form L (POL) B-FAC), as shown in
Exhibit A. The [name of reinsurance company] shall promptly notify the Company
of its decision on the risk.
Confirmation of Reinsurance
2. When a policy is placed in force on which reinsurance is to be ceded to
[name of reinsurance company], notice of the reinsurance shall be sent to the
[name of reinsurance company] at the end of the month in which reinsurance is
effected, as outlined in Article VI, paragraph 1. (a), Monthly New Business and
Premium Report.
Policy Forms, Rate Book
3. The Company shall file with the [name of reinsurance company] copies of
all its present policy forms, its rate book and reserve factors for special
plans of insurance which are not readily available in published volumes. If new
forms are published or if changes are made in the material already filed as
provided above, the Company agrees to promptly file the new or revised copies of
such material with the [name of reinsurance company].
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ARTICLE III
Commencement & Termination of Liability
1. On automatic reinsurance coverage, the liability of the [name of
reinsurance company] shall commence simultaneously with that of the Company.
2. On facultative reinsurance coverage, the liability of the [name of
reinsurance company] shall commence simultaneously with that of the Company
provided the Company has accepted, during the lifetime of the insured, a
facultative offer made by the [name of reinsurance company] on that life.
3. The liability of the [name of reinsurance company] shall terminate
simultaneously with that of the Company, unless it is terminated earlier in
accordance with Articles X or XI.
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ARTICLE IV
Oversights - Clerical Errors
1. Should the Company fail to cede reinsurance that other- wise would have
been ceded on an automatic basis in accordance with the provisions of this
Agreement, or should either the Company or the [name of reinsurance company]
fail to comply with any of the other terms of this Agreement, and if this is
shown to be unintentional and the result of a misunderstanding, oversight or
clerical error on the part of either the Company or the [name of reinsurance
company], then this Agreement shall not be deemed abrogated thereby, but both
companies shall be restored to the position they would have occupied had no such
oversight,, misunderstanding, or clerical error occurred.
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ARTICLE V
Plan of Reinsurance
1. Reinsurance of Life risks shall be on a risk premium basis. The amount
at risk for interest sensitive type plans shall be calculated monthly. The
amount at risk for all other plans shall be calculated for each policy year.
(a) For interest sensitive type plans, the reinsured risk amount
shall equal the death benefit less the Cash Value less the
Company's retention.
(b) For permanent plans other than interest sensitive, the
reinsured risk amount shall equal the death benefit less the
Cash Value less the Company's retention. The appropriate Cash
Value for each year during the second to the twentieth policy
year shall accumulate at a constant rate of one-twentieth of
the twentieth year Cash Value. For each successive twenty year
period thereafter, the Cash Values shall accumulate at a
constant rate of one-twentieth of the difference between the
Cash Value at the end of the current twenty year period and at
the end of the next twenty year period.
Where the interval is less than twenty years, the Cash Value
for the period shall be divided by the number of years in the
interval to determine the rate of accumulation used to
determine the appropriate Cash Value.
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(c) For term plans and Other Insured Rider, the reinsured risk
amount shall equal the Face Amount less the Company's
retention.
2. Reinsurance of Disability benefits shall be on a coinsurance basis in
accordance with the original forms of the Company.
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ARTICLE VI
Reinsurance Administration
1. Reinsurance shall be ceded under this Agreement to the [name of
reinsurance company] using a bordereau reporting format. Under this reporting
format the Company shall have the responsibility of maintaining adequate records
to administer the reinsurance account and shall furnish the [name of reinsurance
company] with periodic reports in substantial conformity with the following:
(a) Monthly New Business and Premium Report: At the end of each month
the Company shall send to [name of reinsurance company] a listing of
all reinsured policies that were inforce during the past month
accompanied by the reinsurance premiums for such policies. The
listing shall provide the following information:
i) policy number
ii) full name of insured
iii) date of birth
iv) sex and issue age
v) effective date
vi) underwriting classification
vii) plan
viii) amount issued
ix) reinsured risk amount at the end of the month
x) net reinsurance premium due for each reinsured policy
with the premiums for life and each supplemental benefit
separated.
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(b) Monthly Change Report: The Company shall report the details of all
policy terminations and changes, other than fluctuations in the
reinsured risk amount due to changes in the cash value, on reinsured
policies. In addition to the data indicated in l. (a), above, the
report should provide information about the nature, the effective
date, and the financial result of the change with respect to the
reinsurance.
(c) Monthly Policy Exhibit Report: A summary of new business,
terminations, changes, death claims and re- instatements during the
month and the inforce reinsurance at the end of the month.
(d) Monthly Reserve Report: If the Company takes a reserve credit for
reinsurance ceded under this Agreement, the Company shall provide
[name of reinsurance company] with a monthly listing of the mean
reserves attributable to the reinsured portion of each policy
reinsured.
(e) Claims: Claims shall be reported individually as incurred.
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ARTICLE VII
Reinsurance Premiums
Life Premiums
1. Until further notice, reinsurance premiums shall be at the rates given
in the attached Exhibit B. The [name of reinsurance company] guarantees that
premium rates for a given attained age, rating and duration shall not exceed the
higher of the rate shown in the attached schedule (Exhibit B) for that age,
rating and duration or the one year term rate on the appropriate multiple of the
applicable 1980 CSO table at the maximum statutory valuation rate approved in
[state].
2. Reinsurance premiums are calendar month premiums payable at the end of
the month in which they become due.
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ARTICLE VIII
Experience Refunds
1. The schedule of reinsurance premiums applicable to re-insurance ceded
under the terms of this Agreement has been especially designed to require
minimum cash outlay. Therefore, reinsurance ceded under the terms of this
Agreement will not be considered eligible for participation in experience
refunds.
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ARTICLE IX
Tax Credits
1. The reinsurance premium rates applicable under this Agreement take into
consideration the Company's liability for premium taxes. Accordingly, the [name
of reinsurance company] shall make no separate reimbursement to the Company for
premium taxes on the portion of the Company's premiums paid to the [name of
reinsurance company] as reinsurance premiums.
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ARTICLE X
Reductions
1. If on a life reinsured hereunder any portion of the insurance carried
by the Company shall be reduced or terminated, the amount of reinsurance carried
by the Company on that life shall be reduced by a like amount as of the date and
time of the termination of the original insurance. Should the amount of
insurance terminated exceed the total amount of reinsurance carried by the
Company on the life, all such reinsurance shall be terminated.
2. The reduction shall be applied first to the reinsurance directly
applicable to the Company's policy which is reduced or cancelled, the
reinsurance of the [name of reinsurance company] being reduced by an amount
which shall be the same proportion of the amount of insurance terminated that
the [name of reinsurance company]'s reinsurance bore to the total amount of
reinsurance under that particular policy.
3. If any portion of the terminated insurance was retained by the Company,
a reduction equal to the amount of such retention shall be made in the
reinsurance in force under all other policies on the life, if any, each
reinsurer sharing in the reduction according to its proportion of that
reinsurance on the life not directly applicable to the policy of the Company
which was terminated. The principle to be observed being always that the
retention of the Company is to be maintained unchanged.
4. It is agreed however, that in no case shall the Company be required to
assume a risk for an amount in excess of its
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regular retention limit for the age at issue and mortality rating of the policy
under which reinsurance is being terminated. If the cancellation of reinsurance
in accordance with the above rules would have this result, the amount of
reinsurance to be cancelled shall be such that the Company shall be placed upon
the risk for its regular limit of retention.
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ARTICLE XI
Retention Limit Increases (Recapture)
1. If the Company increases its limit of retention, a corresponding
reduction may be made at the option of the Company in the reinsurance in force
on all lives on which the Company had its maximum limit of retention at the time
reinsurance was ceded. However:
(a) No risk shall be recaptured prior to the earliest recapture
date specified in Exhibit B.
2. Recapture shall be effected as follows:
(a) After the retention increase is effected, the Company shall
promptly notify the [name of reinsurance company] of its
intention to recapture.
(b) Eligible policies shall be recaptured on the first renewal
date following the notice of intention to recapture.
(c) All eligible policies shall be recaptured unless there is
mutual agreement to the contrary ex- pressed in writing.
(d) If the Company has reinsured any portion of the risk in
another company, the reduction in re- insurance ceded under
this Agreement shall be in the same proportion to the total
reduction in reinsurance as the amount reinsured under the
Agreement bears to the total reinsurance on the risk.
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(e) In determining the new retention for a particular policy, the
age and rating at issue should be used.
(f) If at the time of recapture the risk is on active claim for
Waiver of Premium Disability, the Life risk shall still be
considered eligible for recapture. However, the Disability
reinsurance shall remain in force until the claim is
terminated, at which time the Disability risk shall be
recaptured. However, if within two years of said recapture the
Waiver of Premium claim is resumed due to an extension of the
initial disablement, the [name of reinsurance company] shall
be liable for payment of its share of premiums waived by the
Company, subject to collection of Disability premiums on [name
of reinsurance company]'s share of the risk for the period
following recapture of the Disability risk.
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ARTICLE XII
Reinstatements
1. Should an insured under a lapsed or surrendered policy apply for
reinstatement of that policy in accordance with the terms of the policy or the
practices of the Company, the Company may automatically reinstate any
reinsurance on that policy provided the reinsurance was originally ceded on an
automatic basis or the application for reinstatement is made within 90 days of
the date of lapse. Otherwise, the reinstatement application shall be submitted
to the [name of reinsurance company] for facultative consideration.
2. Premiums and interest on reinstated reinsurance shall be payable only
to the extent that the Company collects premiums and interest on such insurance.
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ARTICLE XIII
Policy Changes
1. If any change which affects the reinsurance hereunder shall be made in
the policy issued by the Company to the insured, the Company shall notify the
[name of reinsurance company] of such change within a reasonable time.
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ARTICLE XIV
Settlement of Claims
1. In the case of a claim on a reinsured policy, whether claim payment is
made under the strict policy conditions or compromised for a lesser amount, the
settlement made by the Company shall be unconditionally binding upon the [name
of reinsurance company]. If the Company has no part of the risk on a contestable
claim, the [name of reinsurance company] shall be consulted before admission or
acknowledgement of the claim is made by the Company. However, such consultation
shall not impair the Company's freedom to determine the proper action on the
claim and the settlement made by the Company shall still be unconditionally
binding on the [name of reinsurance company].
2. The Company shall furnish the [name of reinsurance company] with copies
of the proofs of claim, together with any information the Company may possess in
connection with the claim. Payment in settlement of the reinsurance under a
claim approved and paid by the Company for a life reinsured hereunder shall be
made by the [name of reinsurance company] upon the receipt of the claim papers.
3. The [name of reinsurance company] shall share in the expense of any
contest or compromise of a claim in the same proportion that the net amount at
risk reinsured with the [name of reinsurance company] bears to the total net
risk of the Company under all policies on that life being contested by the
Company and shall share in the total amount of any reduction in liability in the
same proportion. Compensation of salaried officers and employees of the Company
and any possible extracontractual damages shall not be considered claim
expenses.
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4. In the event of an increase or reduction in the amount of the Company's
insurance on any policy reinsured hereunder because of a misstatement of age or
sex being established after the death of the Insured, the Company and the [name
of reinsurance company] shall share in such increase or reduction in proportion
to their respective net amounts at risk under such policy.
5. If a claim is approved for Waiver of Premium benefit on a reinsured
policy, the Company shall continue to pay the premiums for reinsurance except
the premium for Disability reinsurance. The [name of reinsurance company] shall
also pay its pro rata portion of the premiums waived on the original policy
including the premiums for benefits that remain in effect during disability.
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ARTICLE XV
Inspection of Records
1. The [name of reinsurance company] shall have the right at all
reasonable times and for any reasonable purpose to inspect at the office of the
Company all books and documents referring to reinsurance ceded to the [name of
reinsurance company].
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ARTICLE XVI
Insolvency
1. In the event of the insolvency of the Company all reinsurance made,
ceded, renewed or otherwise becoming effective under this Agreement shall be
payable by the [name of reinsurance company] directly to the Company or to its
liquidator, receiver, or statutory successor on the basis of the liability of
the Company under the contract or contracts reinsured without diminution because
of the insolvency of the Company. It is understood, however, that in the event
of the insolvency of the Company, the liquidator or receiver or statutory
successor of the insolvent Company shall give written notice of the pendency of
a claim against the insolvent Company on the policy reinsured within a
reasonable time after such claim is filed in the insolvency proceeding and that
during the pendency of such claim the [name of reinsurance company] may
investigate such claim and interpose, at its own expense, in the proceeding
where such claim is to be adjudicated any defense or defenses which it may deem
available to the Company or to its liquidator or receiver or statutory
successor.
2. It is further understood that the expense thus incurred by the [name of
reinsurance company] shall be chargeable, subject to court approval, against the
insolvent Company as part of the expense of liquidation to the extent of a
proportionate share of the benefit which may accrue to the Company solely as a
result of the defense undertaken by the [name of reinsurance company]. Where two
or more assuming insurers are involved in the same claim and a majority in
interest elect to interpose defense to such claim, the expense
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shall be apportioned in accordance with the terms of the Reinsurance Agreement
as though such expense had been incurred by the Company.
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ARTICLE XVII
Arbitration
1. In the event of any difference arising hereafter between the
contracting parties with reference to any transaction under this Agreement, the
same shall be referred to three arbitrators who must be executive officers of
life insurance or life reinsurance companies other than the two parties to this
Agreement or their affiliates, each of the contracting companies to appoint one
of the arbitrators and such two arbitrators to select the third. If either party
refuses or neglects to appoint an arbitrator within 30 days after receipt of the
written request for arbitration, the initiating party may appoint a second
arbitrator.
2. If the two arbitrators fail to agree on the selection of a third
arbitrator within 30 days of their appointment, each of them shall name three
individuals, of whom the other shall decline two, and the decision shall be made
by drawing lots.
3. The arbitrators shall consider this Reinsurance Agreement not merely as
a legal document but also as a gentlemen's agreement. They shall decide by a
majority vote of the arbitrators. There shall be no appeal from their written
decision.
4. Each party shall bear the expense of its own arbitration, including its
arbitrator and outside attorney fees, and shall jointly and equally bear with
the other party the expense of the third arbitrator. Any remaining costs of the
arbitration proceedings shall be apportioned by the Board of Arbitrators.
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ARTICLE XVIII
Parties to Agreement
1. This is an Agreement solely between the Company and the [name of
reinsurance company]. The acceptance of reinsurance hereunder shall not create
any right or legal relation whatever between the [name of reinsurance company]
and the insured or the beneficiary under any policies of the Company which may
be reinsured hereunder.
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ARTICLE XIX
Duration of Agreement
1. This Agreement shall be unlimited as to its duration but may be
cancelled at any time, insofar as it pertains to the handling of new business
thereafter by either party giving ninety (90) days' notice of cancellation in
writing. The [name of reinsurance company] shall continue to accept reinsurance
in accordance with this Agreement during the ninety (90) day period aforesaid.
The reinsurance with the [name of reinsurance company] on all policies reinsured
under this Agreement shall be maintained in force as long as such policies shall
remain in force and reinsurance premiums are paid when due (except as provided
under Articles X and XI) and the [name of reinsurance company] shall remain
liable thereon until the termination or expiry of the insurance reinsured.
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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: /s/ [ILLEGIBLE] , Vice President, Finance
------------------------- ----------------------------
Authorized Officer Title
Attest:
By /s/ Xxxxxxx X. Xxxxxxxx , Vice President, Insurance Product Development
---------------------------- ---------------------------------------------
Authorized Officer Title
Date: 6/4/90
[NAME OF REINSURANCE COMPANY]
By [signature] , [title]
------------------------- ----------------------------
Authorized Officer Title
Attest:
By [signature] , [title]
---------------------------- ------------------
Authorized Officer Title
Date: June 12, 1990
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EXHIBIT A
Bordereau Report Forms
AUTOMATIC BORDEREAU REPORTING
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[NAME OF REINSURANCE COMPANY] REPORT AS OF (MONTH-YEAR)
[CITY AND STATE OF REINSURANCE COMPANY]
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COMPANY NAME AND STATE
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PREPARED BY NAME TITLE DATE
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MODE OF REINSURANCE
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PREMIUMS
A. CATEGORY -------------------------------------------------------------- TOTAL
LIFE DISABILITY ACCIDENT
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PRM. 1st YR.
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POLICY FEE 1st YR.
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PRM. RENEWAL
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ACCOUNTING POLICY FEE RENEWAL
SUMMARY ---------------------------------------------------------------------------------------------------------------------
(Reinsurance
Only) ---------------------------------------------------------------------------------------------------------------------
COMM. & ALLOW. 1st YR.
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COMM. & ALLOW. REN.
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DIVIDENDS
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CASH VALUES
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CLAIMS
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TOTAL
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NUMBER AMOUNT OF
B. CLASSIFICATION OF POLICIES REINSURANCE
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In Force As of Last Report
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New Business
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Reinstatements
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Increase (Net)
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POLICY DEDUCT, CEASED BY:
EXHIBIT Death
SUMMARY --------------------------------------------------------------------------------------------------------------------
(Reinsurance Maturities
Only) --------------------------------------------------------------------------------------------------------------------
Expiries
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Surrenders
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Lapses
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Conversions
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Recapture
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Decrease Other
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Decrease (Net)
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In Force as of Current Report
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NOTE: Amounts of Reinsurance are based on Risk Amounts (Death Benefits).
_________________ PLEASE RETAIN COPY FOR COMPANY FILES
[NAME OF REINSURANCE COMPANY]
[address, city and state of reinsurance company]
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| REPORT AS OF MONTH YEAR
AUTOMATIC BORDEREAU REPORTING | |
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COMPANY NAME AND STATE
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PREPARED BY NAME TITLE DATE
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MODE OF REINSURANCE PLAN RESERVE BASIS
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C. RESERVE SUMMARY (REINSURANCE ONLY)
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LIFE ONLY
---------------------------------------------------------------------------- ANNUAL
YEAR AGE NO. OF CLASSIFICA- MEAN MEAN DISABILITY
OF AT POLI- POLICY TION AMT IF RESERVE RESERVE PREMIUM ACCIDENT
ISSUE ISS. CIES EXHIBIT AMT DIFFERENT FACTOR AMOUNT WAIVED AMOUNT
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Note: For Accident Show Maximum Amount of Accident Coverage
FORM L (ACC)142: 1/85 Please Retain Copy For Company Files
[logo] [name of reinsurance company] [city and state of reinsurance company]
------------------------- BORDEREAU - FACULTATIVE
PLEASE PRINT
-------------------------
HAS THE RISK BEEN SUBMITTED TO NARe PREVIOUSLY |_| YES |_| NO
STATE OF STATE OF
INSURED'S LAST NAME FIRST MIDDLE DATE OF BIRTH BIRTH RESIDENCE SEX AGE SOCIAL SECURITY NO.
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PAYOR OR JOINT INSURED
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PLEASE INDICATE |_| YES |_| NO SECOND LIFE TO BE CONSIDERED FOR REINSURANCE
LIFE *ADD'L LIFE BENEFIT DISABILITY BENEFIT ACCIDENT BENEFIT OTHER (SPECIFY)
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INSURANCE IN FORCE OUR COMPANY
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OF WHICH WE RETAIN
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NEW INSURANCE APPLIED FOR
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OF WHICH WE WILL RETAIN
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REINSURANCE APPLIED FOR
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* PLEASE INDICATE LIABILITY UNDER ADDITIONAL LIFE BENEFITS SUCH AS: INCREASING TERM, DIVIDEND OPTIONS, CASH VALUE RIDER, ETC.
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THE PRODUCT AN INCREASING AMOUNT AT RISK PLAN (SINGLE It is understood that the named applicant has been given
PREMIUM AND OTHER INVESTMENT PRODUCTS)? YES |_| NO |_| Pre-Notice of the Medical Information Bureau and that the
ceding company has in its Home Office an approved
IF YES, PLEASE INDICATE THE ORIGINAL AMOUNT AT RISK AND THE ESTIMATED Authorization form signed by this applicant.
RISK AT APPROXIMATELY A 7 YEAR DURATION, OR INCLUDE A POLICY VALUE
ILLUSTRATION FORM IF AVAILABLE .
AMOUNT OF RISK AT [_____] YEARS: $[_____]
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APPLICANT IS A PLEASE REPLY BY
CIGARETTE SMOKER |_| YES |_| NO |_| UNKNOWN |_| TELEPHONE |_| DATAPHONE |_| MAIL |_| OTHER ____________
NAME OF CEDING COMPANY STATE DATE UNDERWRITER FOR PHONE CONTACT
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REMARKS:
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L(POL)B-FAC/07-88
FACULTATIVE APPLICATION FOR REINSURANCE - TO BE SUBMITTED TO NARE WITH PAPERS
[logo] [name of reinsurance company] [city and state of reinsurance company]
------------------------- BORDEREAU - FACULTATIVE
PLEASE PRINT
-------------------------
HAS THE RISK BEEN SUBMITTED TO NARe PREVIOUSLY |_| YES |_| NO
STATE OF STATE OF
INSURED'S LAST NAME FIRST MIDDLE DATE OF BIRTH BIRTH RESIDENCE SEX AGE SOCIAL SECURITY NO.
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PAYOR OR JOINT INSURED
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PLEASE INDICATE |_| YES |_| NO SECOND LIFE TO BE CONSIDERED FOR REINSURANCE
LIFE *ADD'L LIFE BENEFIT DISABILITY BENEFIT ACCIDENT BENEFIT OTHER (SPECIFY)
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INSURANCE IN FORCE OUR COMPANY
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OF WHICH WE RETAIN
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NEW INSURANCE APPLIED FOR
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OF WHICH WE WILL RETAIN
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REINSURANCE APPLIED FOR
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* PLEASE INDICATE LIABILITY UNDER ADDITIONAL LIFE BENEFITS SUCH AS: INCREASING TERM, DIVIDEND OPTIONS, CASH VALUE RIDER, ETC.
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THE PRODUCT AN INCREASING AMOUNT AT RISK PLAN (SINGLE It is understood that the named applicant has been given
PREMIUM AND OTHER INVESTMENT PRODUCTS)? YES |_| NO |_| Pre-Notice of the Medical Information Bureau and that the
ceding company has in its Home Office an approved
IF YES, PLEASE INDICATE THE ORIGINAL AMOUNT AT RISK AND THE ESTIMATED Authorization form signed by this applicant.
RISK AT APPROXIMATELY A 7 YEAR DURATION, OR INCLUDE A POLICY VALUE
ILLUSTRATION FORM IF AVAILABLE .
AMOUNT OF RISK AT [_____] YEARS: $[_____]
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APPLICANT IS A PLEASE REPLY BY
CIGARETTE SMOKER |_| YES |_| NO |_| UNKNOWN |_| TELEPHONE |_| DATAPHONE |_| MAIL |_| OTHER ____________
NAME OF CEDING COMPANY STATE DATE UNDERWRITER FOR PHONE CONTACT
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
REMARKS:
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
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------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
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L(POL)B-FAC/07-88
FACULTATIVE APPLICATION FOR REINSURANCE - TO BE SUBMITTED TO NARE WITH PAPERS
[logo] [name of reinsurance company] [city and state of reinsurance company]
------------------------- BORDEREAU - FACULTATIVE
PLEASE PRINT
-------------------------
HAS THE RISK BEEN SUBMITTED TO NARe PREVIOUSLY |_| YES |_| NO
STATE OF STATE OF
INSURED'S LAST NAME FIRST MIDDLE DATE OF BIRTH BIRTH RESIDENCE SEX AGE SOCIAL SECURITY NO.
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
PAYOR OR JOINT INSURED
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
PLEASE INDICATE |_| YES |_| NO SECOND LIFE TO BE CONSIDERED FOR REINSURANCE
LIFE *ADD'L LIFE BENEFIT DISABILITY BENEFIT ACCIDENT BENEFIT OTHER (SPECIFY)
------------------------------------------------------------------------------------------------------------------------------------
INSURANCE IN FORCE OUR COMPANY
----------------------------------------------------------------------------------------------------
OF WHICH WE RETAIN
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
NEW INSURANCE APPLIED FOR
----------------------------------------------------------------------------------------------------
OF WHICH WE WILL RETAIN
----------------------------------------------------------------------------------------------------
REINSURANCE APPLIED FOR
------------------------------------------------------------------------------------------------------------------------------------
* PLEASE INDICATE LIABILITY UNDER ADDITIONAL LIFE BENEFITS SUCH AS: INCREASING TERM, DIVIDEND OPTIONS, CASH VALUE RIDER, ETC.
------------------------------------------------------------------------------------------------------------------------------------
THE PRODUCT AN INCREASING AMOUNT AT RISK PLAN (SINGLE It is understood that the named applicant has been given
PREMIUM AND OTHER INVESTMENT PRODUCTS)? YES |_| NO |_| Pre-Notice of the Medical Information Bureau and that the
ceding company has in its Home Office an approved
IF YES, PLEASE INDICATE THE ORIGINAL AMOUNT AT RISK AND THE ESTIMATED Authorization form signed by this applicant.
RISK AT APPROXIMATELY A 7 YEAR DURATION, OR INCLUDE A POLICY VALUE
ILLUSTRATION FORM IF AVAILABLE .
AMOUNT OF RISK AT [_____] YEARS: $[_____]
------------------------------------------------------------------------------------------------------------------------------------
APPLICANT IS A PLEASE REPLY BY
CIGARETTE SMOKER |_| YES |_| NO |_| UNKNOWN |_| TELEPHONE |_| DATAPHONE |_| MAIL |_| OTHER ____________
NAME OF CEDING COMPANY STATE DATE UNDERWRITER FOR PHONE CONTACT
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
REMARKS:
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
L(POL)B-FAC/07-88
FACULTATIVE APPLICATION FOR REINSURANCE - TO BE SUBMITTED TO NARE WITH PAPERS
EXHIBIT B
Reinsurance Premiums
REINSURANCE PREMIUMS
I. Plans and Riders:
Base Plans Riders
---------- ------
a) UL UL25 Other Insured Riders
UL100 Waiver of Monthly Deduction
UL500
VUL
EUL125
EUL100
b) Fixed Premium Permanent
WL Annual Reducing Term (ART)
Waiver of Premium (WP)
c) Term Insurance
YRT ART
YRT-7 WP
10 Year Renewable Term
ART
Mortgage Term
NOTE: IDS Life offers a Survivor Insurance Rider (SIR) for use with
UL100 and UL500 in the estate planning market. UL100 and UL500
policies written with an SIR will be excluded from the pool and
reinsured only to [name of reinsurance company].
II. Standard Reinsurance Risk Premiums: The reinsurance premium rates to be
used for reinsurance ceded on the above plans and riders are 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 Years
------------
1 2
------------ -------------
Nonsmoker and Smoker [percentage] [percentage]%
III. Multiple Table Substandard Reinsurance Risk Premiums: The reinsurance
premium for substandard risks rated on a multiple mortality table basis
shall be equal to a multiple of the standard rate proportionate to the
mortality classification. Thus the premium for a Class D [percentage] risk
shall be equal to twice the standard premium. The percentage premium
reductions specified in Section II, above, shall apply to multiple table
substandard premiums.
EXHIBIT B
IV. Flat Extra Substandard Reinsurance Premiums:
a) Permanent Flat Extra Premiums are ones assessed for more than
[number] years. [name of reinsurance company] should receive
its proportionate share of any such premiums less the
following percentage premium reductions:
First Year [percentage]
Renewal [percentage]
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 the following
percentage premium reductions:
First Year [percentage]
Renewal [percentage]
V. Premiums For Waiver of Premium Benefit: [name of reinsurance company]
shall receive its proportionate share of Waiver premiums less the
following percentage reductions:
First Year [percentage]
Renewal [percentage]
VI. Premiums For Waiver of Monthly Deduction Benefit: [name of reinsurance
company] shall receive its proportionate share of Waiver of Monthly
Deduction premiums less the following percentage reductions:
First Year [percentage]
Renewal [percentage]
VII. Recapture: Reinsurance ceded on these rates shall not be eligible for
recapture before the tenth policy anniversary.
EXHIBIT B (Continued)
MALE RATE TABLE
Guaranteed Maximum Monthly Cost of Insurance Rates per $1,000 for Insureds with
a Standard Rate Classification
Standard Standard Standard
Attained Non- Attained Non- Attained Non-
Age Standard Smoker Age Standard Smoker Age Standard Smoker
------------ ----------- ---------- ------------ ----------- --------- ----------- ----------- ----------
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
25
26
27
28
29
30
31
32
33
34
FEMALE RATE TABLE
Guaranteed Maximum Monthly Cost of Insurance Rates per $1,000 for Insureds with
a Standard Rate Classification
Standard Standard Standard
Attained Non- Attained Non- Attained Non-
Age Standard Smoker Age Standard Smoker Age Standard Smoker
------------ ----------- ---------- ------------ ----------- --------- ----------- ----------- ----------
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
25
26
27
28
29
30
31
32
33
34
UL-25 AND UL-100
RATE AND SURRENDER CHARGE TABLE - MALE AND FEMALE
------------------------------------------------------------------------------------------------------------------------------------
$60 ANNUAL POLICY FEE |
-----------------------
ANNUAL COST OF INSURANCE PER $1,000
-------------------------------------------------------------------------------------------------------------------------
STANDARD NON-SMOKER
------------------------------------------------------------------------------------------------------------------------------------
ATT. AGE WMD WMD
------------ --------- ----------
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
------------ --------- ----------
25
26
27
28
29
------------ --------- ----------
30
31
32
33
34
------------ --------- ----------
35
36
37
38
39
------------ --------- ----------
40
41
42
43
44
------------ --------- ----------
45
46
47
48
49
------------ --------- ----------
UL-25 AND UL-100
RATE AND SURRENDER CHARGE TABLE - MALE AND FEMALE
------------------------------------------------------------------------------------------------------------------------------------
$60 ANNUAL POLICY FEE |
-----------------------
ANNUAL COST OF INSURANCE PER $1,000
-------------------------------------------------------------------------------------------------------------------------
STANDARD NON-SMOKER
------------------------------------------------------------------------------------------------------------------------------------
ATT. AGE WMD WMD
------------ ---------- ----------
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
------------ ---------- ----------
UL-500
RATE AND SURRENDER CHARGE TABLE - MALE AND UNISEX
------------------------------------------------------------------------------------------------------------------------------------
$60 ANNUAL POLICY FEE |
-----------------------
ANNUAL COST OF INSURANCE PER $1,000
-------------------------------------------------------------------------------------------------------------------------
STANDARD NON-SMOKER
------------------------------------------------------------------------------------------------------------------------------------
ATT. AGE WMD WMD
------------- --------- ----------
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
------------- --------- ----------
25
26
27
28
29
------------- --------- ----------
30
31
32
33
34
------------- --------- ----------
35
36
37
38
39
------------- --------- ----------
40
41
42
43
44
------------- --------- ----------
45
46
47
48
49
------------- --------- ----------
UL-500
RATE AND SURRENDER CHARGE TABLE - MALE AND UNISEX
------------------------------------------------------------------------------------------------------------------------------------
ANNUAL COST OF INSURANCE PER $1,000
-------------------------------------------------------------------------------------------------------------------------
STANDARD NON-SMOKER
------------------------------------------------------------------------------------------------------------------------------------
ATT. AGE WMD WMD
------------ ----------- ----------
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
------------ ----------- ----------
UL-500
RATE AND SURRENDER CHARGE TABLE - FEMALE
------------------------------------------------------------------------------------------------------------------------------------
ANNUAL COST OF INSURANCE PER $1,000
-------------------------------------------------------------------------------------------------------------------------
STANDARD NON-SMOKER
------------------------------------------------------------------------------------------------------------------------------------
ATT. AGE WMD WMD
------------ --------- ----------
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
------------ --------- ----------
25
26
27
28
29
------------ --------- ----------
30
31
32
33
34
------------ --------- ----------
35
36
37
38
39
------------ --------- ----------
40
41
42
43
44
------------ --------- ----------
45
46
47
48
49
------------ --------- ----------
UL-500
RATE AND SURRENDER CHARGE TABLE - FEMALE (CONTINUED)
------------------------------------------------------------------------------------------------------------------------------------
ANNUAL COST OF INSURANCE PER $1,000
------------------------------------------------------------------------------------------------------------------------
STANDARD NON-SMOKER
------------------------------------------------------------------------------------------------------------------------------------
ATT. AGE WMD WMD
------------- ---------- ----------
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
------------- ---------- ----------
EUL - 25 AND EUL - 100
RATE AND SURRENDER CHARGE TABLE - UNISEX
------------------------------------------------------------------------------------------------------------------------------------
$60 ANNUAL POLICY FEE |
------------------------
ANNUAL COST OF INSURANCE PER $1,000
--------------------------------------------------------------------------------------------------------------------------
STANDARD NON-SMOKER
------------------------------------------------------------------------------------------------------------------------------------
Att. Age WMD WMD
----------- ----------- ---------
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
----------- ----------- ---------
25
26
27
28
29
----------- ----------- ---------
30
31
32
33
34
----------- ----------- ---------
35
36
37
38
39
----------- ----------- ---------
40
41
42
43
44
----------- ----------- ---------
45
46
47
48
49
----------- ----------- ---------
EUL - 25 AND EUL - 100
RATE AND SURRENDER CHARGE TABLE - UNISEX (CONTINUED)
------------------------------------------------------------------------------------------------------------------------------------
$60 ANNUAL POLICY FEE |
----------------------
ANNUAL COST OF INSURANCE PER $1,000
-------------------------------------------------------------------------------------------------------------------------
STANDARD NON-SMOKER
------------------------------------------------------------------------------------------------------------------------------------
ATT. AGE WMD WMD
------------ ---------- ----------
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
------------ ---------- ----------
VARIABLE UL
RATE TABLE - MALE
------------------------------------------------------------------------------------------------------------------------------------
$60 ANNUAL POLICY FEE |
----------------------
ANNUAL COST OF INSURANCE PER $1,000
-------------------------------------------------------------------------------------------------------------------------
STANDARD NON-SMOKER
------------------------------------------------------------------------------------------------------------------------------------
ATT. AGE WMD WMD
------------- ---------- ---------
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
------------- ---------- ---------
25
26
27
28
29
------------- ---------- ---------
30
31
32
33
34
------------- ---------- ---------
35
36
37
38
39
------------- ---------- ---------
40
41
42
43
44
------------- ---------- ---------
45
46
47
48
49
------------- ---------- ---------
VARIABLE UL
RATE TABLE - MALE (CONTINUED)
------------------------------------------------------------------------------------------------------------------------------------
$60 ANNUAL POLICY FEE |
----------------------
ANNUAL COST OF INSURANCE PER $1,000
-------------------------------------------------------------------------------------------------------------------------
STANDARD NON-SMOKER
------------------------------------------------------------------------------------------------------------------------------------
ATT. AGE WMD WMD
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
---------- ----------- ------------
VARIABLE UL
RATE TABLE - FEMALE
--------------------------------------------------------------------------------------------------------------------------------
$60 ANNUAL POLICY FEE |
-----------------------
ANNUAL COST OF INSURANCE PER $1,000
----------------------------------------------------------------------------------------------------------------------
STANDARD NON-SMOKER ADB
--------------------------------------------------------------------------------------------------------------------------------
ATT. AGE WMD WMD
----------- ----------- ---------
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
----------- ----------- ---------
25
26
27
28
29
----------- ----------- ---------
30
31
32
33
34
----------- ----------- ---------
35
36
37
38
39
----------- ----------- ---------
40
41
42
43
44
----------- ----------- ---------
45
46
47
48
49
----------- ----------- ---------
VARIABLE UL
RATE TABLE - FEMALE (CONTINUED)
-------------------------------------------------------------------------------------------------------------------------
$60 ANNUAL POLICY FEE |
----------------------
ANNUAL COST OF INSURANCE PER $1,000
-------------------------------------------------------------------------------------------------------------
STANDARD NON-SMOKER
-------------------------------------------------------------------------------------------------------------------------
ATT. AGE WMD WMD
------------- ------------ -----------
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
------------- ------------ -----------
WHOLE LIFE -MALE AND UNISEX
PREMIUM RATES PER $1,000
----------------------------------------------------------------------------------------------------------------------------------
Add Add
$20 $20
Per Per
Policy Male--Standard Policy Male--Non-Smoker
----------------------------------------------------------------------------------------------------------------------------------
Reg Pref Exec Pres Reg Pref Exec Pres
Age ------------------------------------------------------- Age -----------------------------------------------------
WP WP WP WP WP WP WP WP
---------- ---------- --------- ---------- -------------------- -------- -------- --------- ---------
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
---------- ---------- --------- ---------- -------------------- -------- -------- --------- ---------
25
26
27
28
29
---------- ---------- --------- ---------- -------------------- -------- -------- --------- ---------
30
31
32
33
34
---------- ---------- --------- ---------- -------------------- -------- -------- --------- ---------
35
36
37
38
39
---------- ---------- --------- ---------- -------------------- -------- -------- --------- ---------
40
41
42
43
44
----------------------------------------------------------------------------------------------------------------------------------
WHOLE LIFE -- MALE AND UNISEX
------------------------------------------------------------------------------------------------------------------------------------
Add Add
$20 $20
Per Per
Policy Male--Standard Policy Male--Non-Smoker
----------------------------------------------------------------------------------------------------------------------------------
Reg Pref Exec Pres Reg Pref Exec Pres
Age ------------------------------------------------------- Age ------------------- ------------------------------
WP WP WP WP Base WP WP WP WP
---------- ---------- --------- ---------- --------------------------------- -------- --------- ---------
45
46
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
---------------------------------------------------------------------------------------------------------------------------------
WHOLE LIFE -- FEMALE
PREMIUM RATES PER $1,000
-------------------------------------------------------------------------------------------------------------------------------
Add Add
$20 $20
Per Per
Policy Female--Standard Policy Female--Non-Smoker
-------------------------------------------------------------------------------------------------------------------------------
Reg Pref Exec Pres Reg Pref Exec Pres
Age --------------------------------------------------- Age -----------------------------------------------
WP WP WP Base WP WP WP WP WP
--------- -------- ------- -------- ---------------------- ------- ------- ------- ------
0 N/A N/A N/A N/A 0 N/A N/A N/A N/A
1 N/A N/A N/A N/A 1 N/A N/A N/A N/A
2 N/A N/A N/A N/A 2 N/A N/A N/A N/A
3 N/A N/A N/A N/A 3 N/A N/A N/A N/A
4 N/A N/A X/X X/X 0 X/X X/X X/X X/X
--------- -------- ------- -------- ---------------- ------- ------- ------- ------
5 0.22 0.20 0.19 0.19 5 0.22 0.20 0.19 0.19
6 0.22 0.20 0.19 0.19 6 0.22 0.20 0.19 0.19
7 0.23 0.20 0.19 0.20 7 0.23 0.20 0.19 0.20
8 0.23 0.20 0.19 0.20 8 0.23 0.20 0.19 0.20
9 0.24 0.21 0.20 0.20 9 0.24 0.21 0.20 0.20
--------- -------- ------- -------- ---------------- ------- ------- ------- ------
10 0.24 0.21 0.20 0.20 10 0.24 0.21 0.20 0.20
11 0.25 0.21 0.21 0.20 11 0.25 0.21 0.21 0.20
12 0.25 0.22 0.21 0.20 12 0.25 0.22 0.21 0.20
13 0.26 0.22 0.22 0.20 13 0.26 0.22 0.22 0.20
14 0.26 0.23 0.22 0.21 14 0.26 0.23 0.22 0.21
--------- -------- ------- -------- ---------------- ------- ------- ------- ------
15 0.27 0.23 0.23 0.21 15 0.27 0.23 0.23 0.21
16 0.28 0.24 0.23 0.21 16 0.28 0.24 0.23 0.21
17 0.28 0.24 0.23 0.22 17 0.28 0.24 0.23 0.22
18 0.29 0.25 0.24 0.23 18 0.29 0.25 0.24 0.23
19 0.29 0.25 0.24 0.23 19 0.29 0.25 0.24 0.23
--------- -------- ------- -------- ---------------- ------- ------- ------- ------
20 0.30 0.26 0.24 0.24 20 0.30 0.26 0.24 0.24
21 0.31 0.27 0.24 0.25 21 0.31 0.27 0.24 0.25
22 0.31 0.27 0.25 0.25 22 0.31 0.27 0.25 0.25
23 0.31 0.28 0.26 0.26 23 0.31 0.28 0.26 0.26
24 0.32 0.28 0.26 0.26 24 0.32 0.28 0.26 0.26
--------- -------- ------- -------- ---------------- ------- ------- ------- ------
25 0.33 0.29 0.27 0.27 25 0.33 0.29 0.27 0.27
26 0.34 0.30 0.28 0.28 26 0.34 0.30 0.28 0.28
27 0.36 0.31 0.29 0.29 27 0.35 0.30 0.28 0.28
28 0.37 0.32 0.30 0.30 28 0.36 0.31 0.29 0.29
29 0.39 0.34 0.31 0.31 29 0.37 0.32 0.29 0.29
--------- -------- ------- -------- ---------------- ------- ------- ------- ------
30 0.41 0.35 0.32 0.32 30 0.39 0.33 0.30 0.30
31 0.43 0.36 0.33 0.33 31 0.41 0.34 0.31 0.31
32 0.45 0.37 0.35 0.34 32 0.43 0.35 0.33 0.32
33 0.46 0.39 0.37 0.36 33 0.44 0.37 0.35 0.34
34 0.49 0.40 0.39 0.37 34 0.47 0.38 0.37 0.35
--------- -------- ------- -------- ---------------- ------- ------- ------- ------
35 0.51 0.42 0.41 0.39 35 0.49 0.40 0.39 0.37
36 0.54 0.44 0.43 0.41 36 0.52 0.42 0.41 0.39
37 0.57 0.47 0.45 0.44 37 0.55 0.45 0.43 0.42
38 0.60 0.50 0.48 0.46 38 0.58 0.48 0.46 0.44
39 0.64 0.53 0.51 0.49 39 0.61 0.50 0.48 0.46
--------- -------- ------- -------- ---------------- ------- ------- ------- ------
40 0.68 0.57 0.54 0.53 40 0.65 0.54 0.51 0.50
41 0.73 0.61 0.58 0.57 41 0.70 0.58 0.55 0.54
42 0.77 0.66 0.62 0.61 42 0.73 0.62 0.58 0.57
43 0.83 0.71 0.66 0.66 43 0.79 0.67 0.62 0.62
44 0.89 0.77 0.72 0.71 44 0.84 0.72 0.67 0.66
-------------------------------------------------------------------------------------------------------------------------------
WHOLE LIFE -- FEMALE (Continued)
----------------------------------------------------------------------------------------------------------------------
Add Add
$20 $20
Per Per
Policy FEMALE--STANDARD Policy FEMALE--NON-SMOKER
----------------------------------------------------------------------------------------------------------------------
Reg Pref Exec Pres Reg Pref Exec Pres
Age ----------------------------------------------- Age ------------------------------------------------
WP WP WP WP WP WP WP WP
----------- -------- --------- --------- ---------------------- ------- --------- -------- --------
45
46
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
----------------------------------------------------------------------------------------------------------------------
YEARLY RENEWABLE TERM-7
------------------------------------------------------------------------------------------------------------------
ADD ADD
$25 PER $25 PER
POLICY MALE--STANDARD POLICY MALE--NON-SMOKER
------------------------------------------------------------------------------------------------------------------
AGE WP AGE WP
------------- ------------------------ --------
20 20
21 21
22 22
23 23
24 24
------------- ------------------------ --------
25 25
26 26
27 27
28 28
29 29
------------- ------------------------ --------
30 30
31 31
32 32
33 33
34 34
------------- ------------------------ --------
35 35
36 36
37 37
38 38
39 39
------------- ------------------------ --------
40 40
41 41
42 42
43 43
44 44
------------- ------------------------ --------
45 45
46 46
47 47
48 48
49 49
------------- ------------------------ --------
50 50
51 51
52 52
53 53
54 54
------------- ------------------------ --------
55 55
56 56
57 57
58 58
59 59
------------- ------------------------ --------
60 60
61 61
62 62
63 63
64 64
------------------------------------------------------------------------------------------------------------------
YEARLY RENEWABLE TERM-7
------------------------------------------------------------------------------------------------------------------
ADD ADD
$25 PER $25 PER
POLICY FEMALE--STANDARD POLICY FEMALE--NON-SMOKER
------------------------------------------------------------------------------------------------------------------
AGE WP AGE WP
------------- ----------------------- ----------
20 20
21 21
22 22
23 23
24 24
------------- ----------------------- ----------
25 25
26 26
27 27
28 28
29 29
------------- ----------------------- ----------
30 30
31 31
32 32
33 33
34 34
------------- ----------------------- ----------
35 35
36 36
37 37
38 38
39 39
------------- ----------------------- ----------
40 40
41 41
42 42
43 43
44 44
------------- ----------------------- ----------
45 45
46 46
47 47
48 48
49 49
------------- ----------------------- ----------
50 50
51 51
52 52
53 53
54 54
------------- ----------------------- ----------
55 55
56 56
57 57
58 58
59 59
------------- ----------------------- ----------
60 60
61 61
62 62
63 63
64 64
-----------------------------------------------------------------------------------------------------------
10 YEAR RENEWABLE TERM
-----------------------------------------------------------------------------------------------------------
ADD ADD
$25 PER $25 PER
POLICY MALE--STANDARD POLICY MALE--NON-SMOKER
-----------------------------------------------------------------------------------------------------------
AGE WP AGE WP
------------- ---------------------- ----------
15 15
16 16
17 17
18 18
19 19
------------- ---------------------- ----------
20 20
21 21
22 22
23 23
24 24
------------- ---------------------- ----------
25 25
26 26
27 27
28 28
29 29
------------- ---------------------- ----------
30 30
31 31
32 32
33 33
34 34
------------- ---------------------- ----------
35 35
36 36
37 37
38 38
39 39
------------- ---------------------- ----------
40 40
41 41
42 42
43 43
44 44
------------- ---------------------- ----------
45 45
46 46
47 47
48 48
49 49
------------- ---------------------- ----------
50 50
51 51
52 52
53 53
54 54
------------- ---------------------- ----------
55 55
56 56
57 57
58 58
59 59
-----------------------------------------------------------------------------------------------------------
10 YEAR RENEWABLE TERM
------------------------------------------------------------------------------------------------------------------
ADD ADD
$25 PER $25 PER
POLICY FEMALE--STANDARD POLICY FEMALE--NON-SMOKER
------------------------------------------------------------------------------------------------------------------
AGE WP AGE WP
------------ ----------------------- ----------
15 15
16 16
17 17
18 18
19 19
------------ ----------------------- ----------
20 20
21 21
22 22
23 23
24 24
------------ ----------------------- ----------
25 25
26 26
27 27
28 28
29 29
------------ ----------------------- ----------
30 30
31 31
32 32
33 33
34 34
------------ ----------------------- ----------
35 35
36 36
37 37
38 38
39 39
------------ ----------------------- ----------
40 40
41 41
42 42
43 43
44 44
------------ ----------------------- ----------
45 45
46 46
47 47
48 48
49 49
------------ ----------------------- ----------
50 50
51 51
52 52
53 53
54 54
------------ ----------------------- ----------
55 55
56 56
57 57
58 58
59 59
---------------------------------------------------------------------------------------------------------
YEARLY RENEWABLE TERM
---------------------------------------------------------------------------------------------------------
ADD ADD
$25 PER $25 PER
POLICY MALE--STANDARD POLICY MALE--NON-SMOKER
---------------------------------------------------------------------------------------------------------
AGE WP AGE WP
------------- ---------------------- ---------
15 15
16 16
17 17
18 18
19 19
------------ ----------------------- ----------
20 20
21 21
22 22
23 23
24 24
------------ ----------------------- ----------
25 25
26 26
27 27
28 28
29 29
------------ ----------------------- ----------
30 30
31 31
32 32
33 33
34 34
------------ ----------------------- ----------
35 35
36 36
37 37
38 38
39 39
------------ ----------------------- ----------
40 40
41 41
42 42
43 43
44 44
------------ ----------------------- ----------
45 45
46 46
47 47
48 48
49 49
------------ ----------------------- ----------
50 50
51 51
52 52
53 53
54 54
------------ ----------------------- ----------
55 55
56 56
57 57
58 58
59 59
----------------------------------------------------------------------------------------------------------
YEARLY RENEWABLE TERM
-----------------------------------------------------------------------------------------------------------
ADD ADD
$25 PER $25 PER
POLICY FEMALE--STANDARD POLICY FEMALE--NON-SMOKER
-----------------------------------------------------------------------------------------------------------
AGE WP AGE WP
------------ ------------------------ ------------
15 15
16 16
17 17
18 18
19 19
------------ ------------------------ ------------
20 20
21 21
22 22
23 23
24 24
------------ ------------------------ ------------
25 25
26 26
27 27
28 28
29 29
------------ ------------------------ ------------
30 30
31 31
32 32
33 33
34 34
------------ ------------------------ ------------
35 35
36 36
37 37
38 38
39 39
------------ ------------------------ ------------
40 40
41 41
42 42
43 43
44 44
------------ ------------------------ ------------
45 45
46 46
47 47
48 48
49 49
------------ ------------------------ ------------
50 50
51 51
52 52
53 53
54 54
------------ ------------------------ ------------
55 55
56 56
57 57
58 58
59 59
-----------------------------------------------------------------------------------------------------------
ANNUAL REDUCING TERM -- WAIVER OF PREMIUM RATES PER $1,000
MALE
-------------------------------------------------------------------------------------------------------------------------------
ISSUE 10 YR 15 YR 20 YR 25 YR 30 YR TO 65 YR
AGE STD NON STD NON STD NON STD NON STD NON STD NON
-------------------------------------------------------------------------------------------------------------------------------
15
16
17
18
19
-------------------------------------------------------------------------------------------------------------------------------
20
21
22
23
24
-------------------------------------------------------------------------------------------------------------------------------
25
26
27
28
29
-------------------------------------------------------------------------------------------------------------------------------
30
31
32
33
34
-------------------------------------------------------------------------------------------------------------------------------
35
36
37
38
39
-------------------------------------------------------------------------------------------------------------------------------
40
41
42
43
44
-------------------------------------------------------------------------------------------------------------------------------
45
46
47
48
49
-------------------------------------------------------------------------------------------------------------------------------
50
51
52
53
54
-------------------------------------------------------------------------------------------------------------------------------
55
-------------------------------------------------------------------------------------------------------------------------------
ANNUAL REDUCING TERM -- WAIVER OF PREMIUM RATES PER $1,000
FEMALE
-------------------------------------------------------------------------------------------------------------------------------
ISSUE 10 YR 15 YR 20 YR 25 YR 30 YR TO 65 YR
AGE STD NON STD NON STD NON STD NON STD NON STD NON
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
15
16
17
18
19
-------------------------------------------------------------------------------------------------------------------------------
20
21
22
23
24
-------------------------------------------------------------------------------------------------------------------------------
25
26
27
28
29
-------------------------------------------------------------------------------------------------------------------------------
30
31
32
33
34
-------------------------------------------------------------------------------------------------------------------------------
35
36
37
38
39
-------------------------------------------------------------------------------------------------------------------------------
40
41
42
43
44
-------------------------------------------------------------------------------------------------------------------------------
45
46
47
48
49
-------------------------------------------------------------------------------------------------------------------------------
50
51
52
53
54
-------------------------------------------------------------------------------------------------------------------------------
55
-------------------------------------------------------------------------------------------------------------------------------
LIMITS OF RETENTION
IDS Life Insurance Company
Life
[dollar amount] All Ages and Ratings
Waiver of Premium
Same as Life
Retention Corridor: The Company will retain up to an additional [percentage] of
the above limits in order to avoid ceding modest amounts of reinsurance.
SCHEDULE I
[NAME OF REINSURANCE COMPANY]
[logo] [address, city and state of reinsurance company]
[name]
[title]
[phone number]
May 15, 1990
Mr. Xxxxx Xxxxxxx
IDS Life Insurance Company
Investors Building
000 Xxxxxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxxxx 00000
Dear Xxxxx;
This will confirm our conversation regarding reinstatement of a lapsed or
surrendered policy. IDS may automatically reinstate any reinsurance if the
application for reinstatement is made within 90 days of the date of lapse. In
addition, for reinsured amounts [dollar amount] or less IDS may automatically
reinstate any lapsed or surrendered policy.
Please consider this letter as an amendment and file a copy in each of the
agreements between our companies.
Yours truly,
[signature]
[name]
[title]
JDS/der
[NAME OF REINSURANCE COMPANY]
[logo] [ADDRESS, CITY AND STATE OF REINSURANCE COMPANY]
[name] May 17, 1990
[title]
[phone number]
Xx. Xxxxx X. Xxxxxx
Actuary
IDS Life Insurance Company
IDS Tower 10
Xxxxxxxxxxx, Xxxxxxxxx 00000
Dear Xxxxx:
This letter is in response to our phone discussions regarding the
reinsurance treaties between our companies.
Item 1 Plan of Reinsurance. Definition of calculation of net amount
at risk is corrected from 1/19 to 1/20. Enclosed are
replacement pages effecting this correction which should be
inserted into the pending treaties for both IDS Life and IDS
Life of New York.
Item 2 Reinstatements. [name] discussed this with [name] and their
understanding is documented in the attached letter, dated May
15, 1990, which will be filed with the pending and existing
treaties between our companies.
Item 3 Settlement of Claims. [name of reinsurance company]'s Claims
Department has confirmed that for IDS:
A. [name of reinsurance company] does participate in a
proportionate share of interest paid on death claim
proceeds.
B. [name of reinsurance company] will pay interest from the
date of death to the date of our check.
We shall file copies of this letter with the treaties for IDS and IDS of
New York as an informal amendment and suggest that you do the same. I believe
the above items address all areas raised in our previous discussions. If any
additional questions arise, please let me know. I hope to see you in June.
Sincerely,
[signature]
[name]
JPJ: ecp
Attachments
