Exhibit (g)(1)
REINSURANCE AGREEMENT
[THE REGISTRANT HAS APPLIED FOR CONFIDENTIAL TREATMENT OF CERTAIN TERMS IN THIS
EXHIBIT WITH THE SECURITIES AND EXCHANGE COMMISSION. THE CONFIDENTIAL PORTIONS
OF THIS EXHIBIT ARE MARKED WITH AN ASTERISK [*] AND HAVE BEEN OMITTED. THE
OMITTED PORTIONS OF THIS EXHIBIT HAVE BEEN FILED SEPARATELY WITH THE SECURITIES
AND EXCHANGE COMMISSION PUSRSUANT TO A CONFIDENTIAL TREATMENT REQUEST.]
[GENERALI USA Life Reassurance Company LOGO]
AUTOMATIC YEARLY RENEWABLE TERM
REINSURANCE AGREEMENT
between
AMERITAS LIFE INSURANCE CORP.
Lincoln, Nebraska
and
GENERALI USA LIFE REASSURANCE COMPANY
Kansas City, Missouri
[GENERALI GROUP LOGO]
TABLE OF CONTENTS
Article I. Automatic Reinsurance..........................................3
Article II. Facultative Reinsurance.......................................4
Article III. Ceding Company Conditional or Temporary Coverage.............5
Article IV. Commencement of Liability.....................................6
Article V. Premium........................................................6
Article VI. Administration................................................8
Article VII. Increase in Retention & Recapture............................8
Article VIII. Reductions, Terminations , Increases & Reinstatements.......9
Article IX. Conversions, Exchanges & Replacements........................11
Article X. Claims........................................................12
Article XI. Administrative Errors........................................14
Article XII. DAC Tax.....................................................15
Article XIII. Dispute Resolution & Arbitration...........................15
Article XIV. Confidentiality.............................................17
Article XV. Insolvency...................................................18
Article XVI. General Reinsurance Provisions..............................19
Article XVII. Duration of Agreement......................................20
Article XVIII. General Provisions........................................20
Schedule A. Treaty Specifications
Schedule B. Benefit and Rider Information
Exhibit I. Retention
Exhibit IA. Underwriting Guidelines
Exhibit II. Reinsurance Premiums
Exhibit IIA. Rider and Miscellaneous Premiums and Allowances
Exhibit IIB. Percentages of Premium
Exhibit III. Reporting Layout
Exhibit IV. Guaranteed Insurability Rider Premium Table
Treaty Reference #: 200812.4 2
This automatic yearly renewable term reinsurance agreement (the "Agreement") is
an indemnity reinsurance agreement for mortality risk only between Ameritas Life
Insurance Corp. ("the Ceding Company"; NAIC #61301, EIN: 00-0000000) and
Generali USA Life Reassurance Company ("Generali USA"; NAIC #: 97071, EIN
00-0000000). The Agreement shall become effective on the date the last required
signature is affixed (the "Effective Date").
Article I. Automatic Reinsurance
A. Reinsured Policies. Beginning on December 1, 2008 (the "Coverage
Commencement Date") and continuing until this Agreement is terminated, the
Ceding Company will automatically cede to the Generali USA and Generali USA
will reinsure: (i) the specified portion of the life insurance risk as set
forth on Schedule A entitled "Basis of Risk"; (ii) arising under the
insurance policies, riders and supplementary benefits listed in Schedule A
(the "Underlying Policies"), (iii) up to the "Automatic Binding Limits"
shown in Schedule A and (iv) that meet all parameters of the attached
Schedules and Exhibits, as well as the following conditions and
limitations, such policies meeting all of these requirements being the
"Reinsured Policies".
1. The insured, at the time of the application, must be a permanent
resident of the United States, its territories, or Canada.
2. The Ceding Company must keep that portion of an Underlying Policy's
risk specified in Retention Schedule (Exhibit I) for each life.
Further, the Ceding Company must continue to retain risk on such
insured life until its "full" amount of "Retention" on the applicant
life has been retained.
3. The individual risk must be underwritten by the Ceding Company
according to its standard underwriting practices and guidelines that
are in effect on the Effective Date of the Agreement (the
"Underwriting Guidelines") All material changes to the Underwriting
Guidelines must be approved by Generali USA in writing prior to their
implementation. Such approvals will not be unreasonably withheld. The
approved changes will then be incorporated into and become part of the
then current Underwriting Guidelines. Any risks falling into a
category of special underwriting programs (e.g. guaranteed issue,
simplified underwriting, internal or external exchanges) shall be
excluded from this Agreement unless specifically included in Schedule
A.
4. The total of the new ultimate amount of life insurance inforce and
applied for, including contractual increases, plus the amount already
reinsured on the applicant life under this Agreement and all other
reinsurance agreements between the Generali USA and the Ceding
Company, does not exceed the "Automatic Binding Limits" set out in
Schedule A.
5. The total amount of life insurance in force in all companies,
including all pending applications, and any amounts to be replaced as
stated on a signed Part I of any application or signed amendment, and
increasing ultimate amounts on the applicant life in all companies
does not exceed the "Jumbo Limit" specified in Schedule A.
6. The application is for a life that has not been submitted
facultatively to Generali USA or any other reinsurer within the last
[*] years, unless the reason for the prior facultative submission
was solely for capacity that may now be accommodated within the terms
of this Agreement
7. The automatic mortality rating on any one life shall not exceed the
"Table Rating" specified in Schedule A, or its equivalent on a flat
extra premium basis. Unless otherwise agreed [*] per thousand of
face amount is equal to one table.
8. The applicant's age does not exceed the Maximum Automatic Issue Age
specified in Schedule A.
Treaty Reference #: 200812.4 3
9. The Ceding Company has not reinsured the amount it has retained on a
life covered under this Agreement, on any basis, without prior
notification to Generali USA.
B. Back Dating. Underlying Polices whose effective dates have been
"backdated" up to a maximum of six months from the Coverage Commencement
Date to "save age", are also eligible to be Reinsured Policies so long as
they meet all of the other conditions. If a lesser time period is specified
by applicable regulatory provisions, such lesser period shall control. The
six month period is all that will be allowed for this Agreement regardless
of whether or not regulatory provisions will allow a longer period.
Further, regardless of any other provision to the contrary, Generali USA's
liability for claims for such backdated Reinsured Policies begins on the
Coverage Commencement Date.
Article II. Facultative Reinsurance
A. The Ceding Company may submit an application for coverage utilizing an
Underlying Policy form to Generali USA for its consideration on a
facultative basis.
1. Application. The Ceding Company may apply for reinsurance on a
facultative basis by sending to Generali USA an "application" for
facultative reinsurance and providing copies of all underwriting
documentation and evidence that is available for risk assessment
including, but not limited to, copies of the application for
insurance, medical examiners' reports, attending physicians'
statements, inspection reports, and any other information bearing on
the insurability of the risk. The Ceding Company must also notify
Generali USA of any outstanding underwriting requirements at the time
of the facultative submission. Any subsequent information received by
the Ceding Company that is pertinent to the risk assessment must be
transmitted to Generali USA as soon as possible.
a. The parties may agree in writing from time to time upon the
content, format, media and methods of transmission of the
information for a facultative submission and its supporting
documentation.
2. Response. Upon completing its review of the facultative application
and supporting documentation, Generali USA will promptly inform the
Ceding Company of its decision which will be one of the following.
a. An unconditional offer to accept the facultative application;
b. A conditional offer to accept the facultative submission that is:
i). for an amount of coverage or rating classification
specified in writing by Generali USA in the offer; and,
ii). subject to Generali USA being provided specified additional
evidence of insurability. If Generali USA accepts the
submission based upon the additional evidence it will
prepare and send an "unconditional offer" as described above
and if it does not it will send a "declination" as described
below.
c. A declination.
3. Expiration. Unless otherwise agreed to in writing by Generali USA,
its unconditional offers expire, without further formalities or
notice, at the earlier of the:
a. time period specified in the written offer; or,
Treaty Reference #: 200812.4 4
b. the end of a period of one hundred twenty (120) days measured
from the date of the offer.
4. Acceptance. If an offer is acceptable to Ceding Company, it must
notify Generali USA of its acceptance in one of the following ways:
a. in a written communication prior to the expiration of the offer;
or,
b. by the Ceding Company evidencing acceptance by including the
Underlying Policy in its administrative reports made in
accordance with Article VI. A. To be considered accepted under
this subsection, the reporting must occur within two "reporting
cycles' as measured from the date the policy was delivered and
accepted by the prospective insured.
5. Applicability. Offers, if properly accepted as specified above, are
hereby incorporated into the Agreement and will be binding upon the
parties. Except as specifically provided in the Agreement, Reinsured
Policies accepted pursuant to this Facultative Reinsurance Article
shall be subject to all other provisions of the Agreement.
Article III. Ceding Company Conditional or Temporary Coverage.
A. Exclusions. Regardless of any provision to the contrary, the provisions of
Article I Automatic Reinsurance and Article II Facultative Reinsurance do
not apply to and no reinsurance is available under those provisions in a
situation where the Ceding Company provides insurance coverage for an
applicant prior to the issuance and proper delivery of a Reinsured Policy
to the applicant during his or her lifetime.
B. Conditional Coverage. Subject to the provisions of this Article III,
Generali USA will provide the limited indemnity reinsurance coverage in an
instance where "conditional receipt" coverage, temporary insurance coverage
or other similar coverage ("Conditional Coverage") is made available to the
Ceding Company's applicant (the "Applicant") prior to the issuance of a
Reinsured Policy during the lifetime of the applicant, subject to the
following conditions.
1. Subject to the "Coverage Limits", the amount of coverage will be
equal to Generali USA's proportionate share of the coverage amount
stated on the conditional receipt or for the temporary coverage.
2. To be eligible for coverage under this Article, the Ceding Company
must (x) provide Generali USA with all relevant forms, rules,
requirements and practices applicable to such coverage (the
"Conditional Rules"), (y) the Conditional Rules are found to be
acceptable to Generali USA, with such approval not being unreasonably
withheld and (z) the Applicant's coverage was provided in accordance
with the Conditional Rules in all material respects.
a. If there are material changes in the Conditional Rules, no
coverage is available under this Article during the period from
the date of such change until the date the Ceding Company has
provided Generali USA with updated copies and Generali USA has
agreed that they are acceptable, with such agreement not being
unreasonably withheld.
3. Coverage Limits. Notwithstanding any provision to the contrary, the
reinsurance coverage provided under this Article is strictly limited
to our proportionate share of [*] (not to exceed [*]) for any single
life regardless of the number and terms of any conditional receipts,
temporary coverage terms, policy provisions, settlement terms or other
similar provisions after the Ceding Company has retained its maximum
retention for the age and rating applicable to the insured.
C. Termination. Coverage under this Article shall terminate at the earliest
of
Treaty Reference #: 200812.4 5
a. the date that the policy applied for by the Applicant becomes a
Reinsured Policy
b. the date Generali USA declines to provide an unconditional
facultative offer,
c. the first acceptance by the Ceding Company of an unconditional offer
by a reinsurer other than Generali USA, or
d. the lesser of 120 days from the date Generali USA communicates a
conditional or unconditional offer to the Ceding Company, or the
number of days stated in the offer.
Article IV. Commencement of Liability
Except for the limited conditional reinsurance coverage provided pursuant to
Article III, the following will control when Generali USA's liability under this
Agreement will come into existence.
A. Automatic Reinsurance. Subsequent to the Effective Date and if all other
requirements of the Agreement have been met, Generali USA's liability for a
Reinsured Policy that is issued and in force will commence at the same time
as the Ceding Company's.
B. Facultative Reinsurance. If all other requirements of the Agreement have
been met, Generali USA's liability for risks subject to an unconditional
facultative offer will commence at the same time as the Ceding Company's
liability, provided that (i) the Agreement is in effect, (ii) Generali USA
has made an unconditional facultative offer, (iii) the offer was accepted
in a manner specified in the Agreement, and (iv) the resultant Underlying
Policy is issued. Upon satisfaction of these conditions, the resultant
Underlying Policy becomes a Reinsured Policy.
Article V. Premium
A. Premiums. The premium rates and the percentages of those rates, and
allowances for life insurance and other benefits reinsured under this
Agreement are shown in Exhibits II, IIA, IIB (collectively "Exhibit II"),
and Exhibit III respectively.
B. The life insurance rates shown in Exhibit II are guaranteed for one year.
Although the Generali anticipates continuing to accept reinsurance at these
rates, Generali USA has the right to increase these rates by giving the
Ceding Company at least ninety (90) days advance written notice stating
both the rate increase date and the percentage rate increase. The
percentage rate increase will apply to each policy on the policy
anniversary date following the effective date of the increase. The
increased rates may not exceed the valuation net premium for annually
renewable term insurance calculated using the applicable statutory
mortality table and the maximum statutory interest rate for each year.
In addition, if Generali USA increases the rates, the Ceding Company has
the right (but not the obligation) to recapture, in its entirety, all of
the reinsured business for which Generali USA increases the reinsurance
premiums. Recapture shall be on the next policy anniversary of each policy.
The Ceding Company must notify Generali USA of their intention to recapture
within ninety (90) days of the rate increase. In such circumstances,
Generali USA will refund any unearned premium minus the amount of any
unearned allowances.
The Ceding Company will notify Generali USA of its intent to increase rates
charged to the policy owners when such increase is caused completely or in
part by mortality results. Generali USA may increase its rates on a
consistent basis. Any increase in current reinsurance premium rates will
apply as of the date that the Ceding Company's rate increase becomes
effective. If Generali USA increases rates at another time or
Treaty Reference #: 200812.4 6
an increase is not consistent with the Ceding Company's increase, the
Ceding Company may recapture as described in the previous paragraph
C. Payment. Reinsurance premiums for a Reinsured Policy are payable annually
in advance (the "Reporting Period"). The Ceding Company will calculate the
amount of reinsurance premium due for Reinsured Policies for each Reporting
Period and, within thirty (30) days after the end of Reporting Period (the
Ceding Company Remittance Date), will send Generali USA a statement that
contains the information shown in Exhibit III, showing reinsurance premiums
and allowances due for that period.
1. If an amount is due Generali USA, the Ceding Company will remit that
amount together with the statement.
2. If an amount is due the Ceding Company, Generali USA shall either
contest that amount or remit such amount within thirty (30) days of
receipt of the statement (the Generali USA Remittance Date). If
Generali USA contests, the parties will diligently work to resolve but
after fifteen (15) business days that effort is unsuccessful, they
will resolve it by means of the dispute resolution provisions in
Article XIII.
D. Interest. Premium balances that remain unpaid for more than fifteen (15)
days after the Ceding Company Remittance Date or Generali USA Remittance
Date will incur interest from such remittance date until the date paid in
accordance with the provisions of Article I. A.
E. Condition Precedent. The payment of reinsurance premiums is a condition
precedent to the liability of Generali USA for reinsurance covered by this
Agreement. In the event that reinsurance premiums are not paid in full
within thirty (30) days of the Ceding Company Remittance Date, Generali USA
will have the right to terminate the reinsurance for all Reinsured Policies
having reinsurance premiums in arrears. If Generali USA elects to exercise
its right of termination, it will give the Ceding Company thirty (30) days
prior written notice of its intention. Such notice will be sent by
certified mail.
1. If all reinsurance premiums in arrears, including any that become in
arrears during the notice period, are not paid before the expiration
of the notice period, the Agreement will be terminated and Generali
USA will be relieved of all liability for those policies as of the
last date to which premiums have been fully paid. Subsequently,
reinsurance coverage for all remaining Reinsured Policies will
automatically terminate on the last date to which premiums have been
paid.
2. The right to terminate reinsurance will not prejudice Generali USA's
right to collect premiums for the period during which reinsurance was
in force prior to the termination.
3. Terminated reinsurance may be reinstated, subject to approval by
Generali USA, within fifteen (15) days of the date of termination, and
upon payment of all reinsurance premiums in arrears including any
interest accrued thereon.
a. Generali USA will have no liability for any claims incurred
between the date of termination and the date of the reinstatement
of the reinsurance.
4. The Ceding Company shall not force termination under the provisions
of this Article solely to avoid the provisions regarding recapture in
Article VII, or to transfer the reinsured policies to another
reinsurer.
F. Premium Adjustments. If the Ceding Company overpays a reinsurance premium
and Generali USA accepts the overpayment, Generali USA's acceptance will
not constitute or create a reinsurance liability or increase in any
existing reinsurance liability. Instead, Generali USA will be liable to
Ceding Company for a credit in the amount of the overpayment. If a
reinsured policy terminates, Generali USA will refund the excess
Treaty Reference #: 200812.4 7
reinsurance premium. This refund will be on a prorated basis without
interest from the date of termination of the policy to the date to which a
reinsurance premium has been paid.
Article VI. Administration
This Agreement is "self-administered" meaning that Ceding Company shall have the
responsibility of maintaining adequate records for the administration of the
reinsurance provided pursuant to the Agreement. The Ceding Company will furnish
Generali USA with periodic reports as specified below.
A. Periodic Reporting. The Ceding Company shall provide via electronic media
the information specified in Exhibit III within thirty (30) days after the
end of each calendar month in a form and format agreed to by the parties in
writing from time to time.
B. Report Modifications. The Ceding Company shall consult with Generali USA
concerning any changes it proposes to implement in the data format or code
structure. Generali USA must approve any changes prior to their use and
such approval shall not be unreasonably withheld.
Article VII. Increase in Retention & Recapture
A. Recapture. The Ceding Company may increase its maximum retention limits
over the maximum retention limits set forth in Exhibit I and therefore
"Recapture" a portion of the reinsured risk if the following conditions
have been met.
1. Reinsured Polices are not eligible for Recapture until the end of 20
years, measured from each such Reinsured Policy's effective date.
2. The Ceding Company must give Generali USA ninety (90) days written
notice prior to its intended date of the commencement of recapture.
3. The Recapture must occur in conjunction with an increase in the
Ceding Company's maximum amount on its schedule of retention. For a
Reinsured Policy, if the Ceding Company has maintained its maximum
retention for the plan of insurance and the insured's issue age, sex,
and mortality classification, it may apply its increased retention
limits to that Reinsured Policy to reduce the amount of reinsurance in
force.
4. The reduction of reinsurance on affected policies will become
effective on the policy anniversary date immediately following the
notice of election to recapture.
5. If any reinsured policy is recaptured in accordance with this
Article, all similarly situated Reinsured Policies eligible for
recapture under the provisions of this Article must be recaptured up
to the Ceding Company's new maximum retention limits. Such recapture
must be done in a consistent manner and the Ceding Company must
increase its total amount of insurance on each reinsured life that is
eligible. The Ceding Company may not revoke its election to recapture
for policies becoming eligible at future anniversaries.
6. If this Agreement utilizes a "quota share" method of allocating the
reinsured risk and the Ceding Company recaptures a portion of the
reinsured risk, it must apply the same percentage ceded to each
reinsurer when determining the amount to be recaptured.
B. Additional Conditions.
Treaty Reference #: 200812.4 8
1. If portions of the reinsured policy have been ceded to more than one
reinsurer, the Ceding Company must allocate the reduction in
reinsurance so that the amount reinsured by each reinsurer after the
reduction is proportionately the same as if the new maximum dollar
retention limits had been in effect at the time of issue.
2. If there is a reinsured waiver of premium claim in effect when
recapture takes place, the Ceding Company will continue to pay the
reinsurance premium and the Generali USA will reimburse its share of
the waiver claim until it terminates. Generali USA will not be liable
for any other benefits, including the basic life risks that are
eligible for recapture. All such eligible benefits will be recaptured
as if there were no waiver claim in effect.
3. After the effective date of recapture, Generali USA will not be
liable for any Reinsured Policies or portions of such Reinsured
Policies eligible for recapture that the Ceding Company has
overlooked. This circumstance will not be considered an Error as
defined in, nor eligible for treatment pursuant to Article XI.
4. No recapture will be permitted if the Ceding Company has either
obtained or increased other reinsurance coverage as the rationale for
the increase in retention limits.
5. If the retained percentage for new business is increased, the Ceding
Company may not recapture up to the new percentage on in force
policies for the same product.
6. At the time of recapture Generali USA will refund unearned premiums.
Further, Generali USA will refund the appropriate amount of unearned
premium in instances where the Ceding Company has overlooked a
Reinsured Policy or portion thereof as described in Article VII.B.3
above.
Article VIII. Reductions, Terminations , Increases & Reinstatements
Whenever a change is made in the status, plan, amount or other material feature
of a Reinsured Policy; Generali USA will evaluate the change and, to the extent
providing in this Agreement, adjust the reinsurance coverage. The Ceding Company
must notify Generali USA as soon as practicable after it occurs but no later
than the next scheduled report pursuant to Article VI. A above.
A. Reductions and Terminations
1. For any life reinsured under a Reinsured Policy, in the event of a
reduction, lapse, or termination of (x) a Reinsured Policy under this
Agreement or (y) any other policy, the Ceding Company will reduce or
terminate reinsurance on that life. The reinsured amount on the life
with all reinsurers must be reduced, effective on the same date, by
the amount required such that the Ceding Company maintains the same
amount as retained prior to a reduction, termination or lapse.
2. The reinsurance reduction will apply first to the policy or policies
being reduced and then, on a chronological basis, to other reinsured
policies on the life, beginning with the oldest policy. If a fully
retained policy on a life that is reinsured under this Agreement is
terminated or reduced, the Ceding Company will reduce the existing
reinsurance on that life by a corresponding amount, with the
reinsurance on the oldest policy being reduced first. If the amount of
reduction exceeds the risk amount reinsured, the reinsurance on the
policy or policies will be terminated.
3. Generali USA will refund any unearned reinsurance premiums net of
allowances. However, the reinsured portion of any policy fee will be
deemed earned for a policy year if the policy is reinsured during any
portion of that policy year.
Treaty Reference #: 200812.4 9
B. Increases
1. Non-contractual Increases.
a. For a single Reinsured Policy the amount of insurance may only
be increased as a result of a non-contractual change if the
increase was "fully" underwritten by the Ceding Company. For this
purpose, "fully" underwritten means that the increased coverage
amount meets the following criteria:
i). the Ceding Company has obtained complete and current
underwriting evidence in accordance with the Underwriting
Guidelines applicable to "new business" on the increased
amount;
ii). a commission is paid for the increased amount on the same
basis as if it were new business; and,
iii).the Suicide and Contestable provisions apply to the
increased amount
b. Generali USA's approval is required if the original policy was
reinsured on a facultative basis or if the new amount will cause
the reinsured amount on the life to exceed either the Automatic
Binding Limits or the Jumbo Limits specified in Schedule A.
c. The Ceding Company and Generali USA will share the increased
amount proportionately. Once the Ceding Company's maximum
retention has been reached, the remaining amount will be
reinsured using the same proportion as specified in this
Agreement. Premiums for the additional reinsurance will be at the
new-issue rate.
d. Non-contractual increases applicable to more than one Reinsured
Policy must be submitted to Generali USA for approval, which
shall not be unreasonably withheld, prior to implementation.
2. Contractual Increases.
a. For policies reinsured on an automatic basis, reinsurance of
increases in amount resulting from contractual policy provisions
will be accepted only up to the Automatic Binding Limits
specified in Schedule A.
b. For policies reinsured on a facultative basis, reinsurance will
be limited to the ultimate amount shown in Generali USA's
facultative offer. Reinsurance premiums for contractual increases
will be on a point-in-scale basis from the original issue age of
the policy.
C. Reinstatements
1. The Ceding Company shall notify Generali USA [*] days in advance of
making any material changes to its policies, practices or procedures
applicable to its reinstating lapsed or terminated policies (the
"Reinstatement Policies") as the exist on the Coverage Commencement
Date or as amended in accordance with this provision
2. If the Ceding Company reinstates a policy, in accordance with the
then current Reinstatement Policies that was originally automatically
ceded to the Generali USA; coverage for such policy under this
Agreement shall also be reinstated.
3. Any policy originally reinsured with Generali USA on a facultative
basis which has been in a lapsed status for more than ninety days must
be submitted with underwriting requirements and approved by Generali
USA before it is reinstated.
Treaty Reference #: 200812.4 10
4. Reinsurance premiums for the interval during which the policy was
lapsed will be paid to Generali USA on the same basis as the Ceding
Company charged the policyowner for the reinstatement. The Ceding
Company will notify Generali USA of all reinstatements on its periodic
statement of account.
Article IX. Conversions, Exchanges & Replacements
If a policy reinsured under this Agreement is converted, exchanged or replaced,
the Ceding Company will promptly notify Generali USA. Unless mutually agreed
otherwise, policies that were not reinsured with Generali USA and that exchange
or convert to a plan normally covered under this Agreement will not be reinsured
hereunder except as follows.
A. Conversions
1. Generali USA will continue to reinsure policies resulting from the
contractual conversion of any Reinsured Policy, in an amount not to
exceed the original amount reinsured hereunder. If the plan to which
the original policy is converting is reinsured by Generali USA, either
under this Agreement or under a different agreement, reinsurance
premium rates for the resulting converted policy will be those
contained in the agreement that covers the plan to which the original
policy is converting. However, if the new plan is not reinsured by
Generali USA, reinsurance premiums for a policy resulting from a
contractual conversion will use the YRT Rates shown in Exhibit II.
Reinsurance premiums and any allowances for conversions will be on a
point-in-scale basis from the original issue age of the policy.
2. If during a conversion an increase in the risk amount results, the
increase must be underwritten by the Ceding Company in accordance with
its customary standards and procedures. Generali USA will accept its
share of such increases, subject to the new business provisions of
Article I of this Agreement. Reinsurance premiums and any allowances
for increased risk amounts will be first-year premiums at the
agreed-upon premium rate.
B. Exchanges & Replacements
1. To be eligible for reinsurance under this Agreement, a policy resulting
from an internal exchange or replacement (an "Exchanged Policy") must be
underwritten by the Ceding Company in accordance with the portions of its
Underwriting Guidelines applicable to exchanges and replacements. An
Exchanged Policy may be covered under this Agreement as follows:
a. If the Ceding Company's guidelines would consider an Exchanged Policy
to be "new business" and the Exchanges Policy uses an Underlying
Policy form, then it may be submitted as "new business" if it meets
the following criteria:
i). the Ceding Company has obtained complete and current
underwriting evidence on the full ultimate amount;
ii). the full normal commissions are paid for the new plan; and
iii).the Suicide and Contestable provisions apply as if the policy
were newly issued.
b. If the Ceding Company's guidelines do not treat the policy as new
business and the replacement utilizes an Underlying Policy, the
Exchanged Policy will continue to be ceded to Generali USA on a
"point-in-scale" basis utilizing the YRT Rates shown in Exhibit II
(the rates will be based on the original issue age, underwriting class
and duration since the issuance of the original policy).
Treaty Reference #: 200812.4 11
c. If the Ceding Company's guidelines do not treat the policy as new
business and the replacement does not utilize an Underlying Policy, no
coverage is available under this Agreement.
d. Generali USA's approval to exchange or replace the policy will be
required if the original policy was reinsured on a facultative basis.
Article X. Claims
A. General Provisions
1. Death Claims. Claims covered under this Agreement include only "Death
Claims" which: (i) are for the proportionate share of the risk
reinsured by Generali USA; (ii) arise out of the death of the
Reinsured Policy's named insured; and, (ii) are based upon the
contractual death benefits specified in the Reinsured Policy including
any applicable riders and supplementary benefits that are reinsured,
as more fully specified in Schedule A. The Reinsurer shall also pay
its proportionate share of interest imposed automatically by statute
without regard to fault.
2. Notice. The Ceding Company shall give Generali USA written notice
within [twenty (20)] days of submission to the Ceding Company of any
Death Claim.
3. Claim Submission. When submitting a Death Claim for payment, the
Ceding Company will provide Generali USA with proper claim
documentation, including a copy of the proof of payment by the Ceding
Company, information on the beneficiary and a copy of the insured's
death certificate. In addition, for contestable claims, the Ceding
Company will send to Generali USA a copy of all non-privileged claim
related documents, information or underwriting papers.
4. Ceding Company Claim Administration.
a. The Ceding Company's good faith determination of its contractual
liability for policies reinsured under this Agreement shall be
accepted by Generali USA. Such determinations shall be based upon
the clauses, terms and conditions of the Reinsured Policies; but
nevertheless subject to the terms and conditions of this
Agreement. For purposes of clarity, if there is a conflict
between the terms of a Reinsured Policy and this Agreement, this
Agreement shall control
b. The Ceding Company covenants that with respect to its claim
administration, negotiation, payment, denial, or settlement of
any claim or legal proceeding, it shall act in good faith and
follow its standard claims practices without regard to whether
the claim is reinsured or not
5. Limitations. Regardless of any provision to the contrary, the
following limitations apply to any claim payment.
a. The total reinsurance recoverable from all companies will not
exceed the Ceding Company's total contractual liability on the
policy, less the amount retained. The maximum reinsurance Death
Claim benefit payable to the Ceding Company under this Agreement
is the risk amount specifically reinsured with Generali USA.
b. All reimbursements under this Agreements including Death Claim
benefits will be made in a single sum, regardless of the Ceding
Company's settlement options.
6. Waiver of Premium. The reinsurance benefit for an approved waiver of
premium claim will be Generali USA's proportionate share of the annual
gross premium waived on the Reinsured Policy. The Ceding
Treaty Reference #: 200812.4 12
Company will continue to pay the life reinsurance premium; however, it
will not pay the reinsurance premium for the waiver benefit for the
duration of the waiver claim period. Generali USA will pay waiver
benefits annually regardless of the mode of premium payment specified
in the Reinsured Policy.
7. As soon as Generali USA receives acceptable claim notice and proof of
the claim, Generali USA will promptly pay the reinsurance benefits due
the Ceding Company. If Generali USA fails to pay its share of any
undisputed claim, or reinsured expenses associated with the claim,
within 30 days of all required information (excluding claims payment
amounts that are in dispute), the Reinsurer will pay interest on any
past due amounts at the interest rate that will be calculated
beginning from the due date, using the Interest rate specified in
Article XVIII, Section A
X. Xxxxxxxxxxx Claims
1. Notice. The Ceding Company will promptly notify Generali USA of its
intention to contest, compromise, or litigate a Death Claim involving
a Reinsured Policy. The Ceding Company will also promptly and fully
disclose all non-privileged information relating to such claim
including all significant developments in the Ceding Company's
investigation and notification of any legal proceedings against it in
response to denial of the claim. For purposes of this section where
there is a denial of a claim by the Ceding Company, a "contest" comes
into existence at the point that a claimant objects, verbally or
otherwise, to the Ceding Company's action.
2. Participation. Once notified, Generali USA will promptly notify the
Ceding Company in writing of its decision to accept participation in
the contest, compromise, or litigation.
a. If Generali USA does not accept participation, it will then
fulfill its obligation by paying the Ceding Company its full
share of the Death Claim's contractual liability. Such payment
will fully and completely satisfy all of Generali USA's
obligations in regards such Reinsured Policy.
b. If Generali USA accepts participation and the Ceding Company's
contest, compromise, or litigation results in a reduction,
Generali USA will share in any such reduction in the Death Claim
on the contested policy, in proportion to its share, up to the
policy limits specified for the respective coverages in the
Reinsured Policy and subject to all other provisions of this
Agreement.
3. Expenses. If Generali USA has agreed to participate pursuant to
Article X.B.2 above, it will pay its share of reasonable claim
investigation and legal expenses connected with the litigation or
settlement of contractual liability.
4. Non-Reimbursable Expenses. Generali USA will not reimburse the Ceding
Company for routine claim and administration expenses, including but
not limited to the Ceding Company's home office expenses, compensation
of salaried officers and employees, and any legal expenses other than
third party expenses incurred by the Ceding Company. Claim
investigation expenses do not include expenses incurred by the Ceding
Company as a result of a dispute or contest arising out of conflicting
claims of entitlement to policy proceeds or benefits.
C. Extra-Contractual Liability. In no event shall Generali USA have any
liability for any, punitive, exemplary, extra-contractual or similar
damages, fines or penalties which are assessed against the Ceding Company
as a result of acts, omissions or course of conduct committed by the Ceding
Company. The parties recognize that circumstances may arise in which the
Generali USA's conduct would require, based upon equitable principals of
law, the Generali USA to share proportionately in punitive and compensatory
damages awarded, to the extent permitted by law. The parties agree that for
this to occur, Generali USA must have been a direct, active, decision
making participant in the conduct that gives rise to the extracontractual
liability and that the intervention is to such an extent that it equitably
should be considered when extracontractual liabilities are apportioned.
Treaty Reference #: 200812.4 13
1. For purposes of this section, the following are examples of where the
Generali USA's conduct will give rise to such a responsibility: a) it
has actively taken control of the litigation and is directing the
Ceding Company's action; b) it is attempting to compel acceptance of
its direction by a specific written threat of withholding payment of
reinsurance proceeds.
2. The parties agree that the decision to participate in a Contest is
not a sufficiently direct, active, decision making role so as to give
rise to extracontractual damages nor is the provision of advice
concerning a claim that was solicited by the Ceding Company.
Article XI. Administrative Errors
A. Definition. For purposes of this Article, an "Error" (or collectively
"Errors") refers to the situation where a party through an unintentional
error, oversight, omission, or misunderstanding fails to comply with the
terms of this Agreement applicable to the administration of the Agreement.
The following are not considered Errors for purposes of this Agreement:
1. Issues arising out of the application of the underwriting guidelines
or use of automatic binding privileges.
2. Grossly negligent, deliberate acts or repetitive errors (i.e., those
that a party has become aware of and which then occur again).
3. A circumstance that would be an "Error" but it is a "Late Reported
Policy" or a "Late Reported Termination" defined and covered as
follows.
a. Late Reported Policies will be excluded from coverage. A "Late
Reported Policy" will include: any single policy reported by the
Ceding Company more than [*] years after the policy was effective
which has a net amount at risk ceded to Generali USA equal to or
greater than $500,000.
b. A Late Reported Termination is a covered policy terminated in
accordance with its terms or by agreement of the parties that is
reported by the Ceding Company more than [*] years after the
termination was effective. Generali USA will only refund the last
[*] years of premium for Late Reported Terminations.
B. Notice. Upon discovery of the Error by a party, it shall promptly notify
the other party, providing as much detail as is available about the
circumstances. Additionally, the notifying party shall propose a resolution
to the Error which shall include steps that will be taken to avoid similar
errors in the future.
C. Correction. The goal of any proposed resolution is to restore the other
party to a position it would have occupied if the Error had not occurred,
including the payment of interest.
1. If the injured party does not accept the proposed resolution, the
parties will engage in the Dispute Resolution activity and attempt to
agree on a resolution to the situation in a manner that is fair,
reasonable, and most closely approximates the intent of the parties as
evidenced by this Agreement.
D. Misstatement of age or sex. In the event the amount of insurance provided
by a policy or policies reinsured hereunder is increased or reduced because
of a misstatement of age or sex established after the death of the insured,
Generali USA shall share in the increase or reduction in the proportion
that the net liability of Generali USA bore to the sum of the retained net
liability of the Ceding Company and the net liability of other reinsurers
immediately prior to such increase or reduction. The reinsurance with
Generali USA shall
Treaty Reference #: 200812.4 14
be written from commencement on the basis of the adjusted amounts using
premiums and reserves at the correct ages and sex. The adjustment for the
difference in premiums shall include payment of interest.
Article XII. DAC Tax
A. The parties to this Agreement agree to the following provisions pursuant
to Section 1.848-2(g)(8) of the Income Tax Regulations effective December
29, 1992, under Section 848 of the Internal Revenue Code of 1986, as
amended:
1. The terms used in this Article are defined by reference to Regulation
Section 1.848-2, effective December 29, 1992.
2. The party with the net positive consideration for this Agreement for
each taxable year will capitalize specified policy acquisition
expenses with respect to this Agreement without regard to the general
deductions limitation of Section 848(c)(1).
3. Both parties agree to exchange information pertaining to the amount
of net consideration under this Agreement each year to ensure
consistency, or as otherwise required by the Internal Revenue Service.
4. The Ceding Company will submit a schedule to Generali USA by May 1 of
each year with its calculation of the net consideration for the
preceding calendar year. This schedule of calculations will be
accompanied by a statement signed by an officer of the Ceding Company
stating that the Ceding Company will report such net consideration in
its tax return for the preceding calendar year. Generali USA may
contest such calculation by providing an alternative calculation to
the Ceding Company in writing within thirty (30) days of Generali
USA's receipt of the Ceding Company's calculation. If Generali USA
does not so notify the Ceding Company within the required timeframe,
Generali USA will report the net consideration as determined by the
Ceding Company in Generali USA's tax return for the previous calendar
year.
5. If Generali USA contests the Ceding Company's calculation of the net
consideration, the parties will act in good faith to reach an
agreement as to the correct amount within thirty (30) days of the date
Generali USA submits its alternative calculation. If the Ceding
Company and Generali USA reach an agreement on an amount of net
consideration, each party will report the agreed upon amount in its
tax return for the previous calendar year.
6. Both the Ceding Company and Generali USA represent and warrant that
they are subject to United States taxation under either Subchapter L
or Subpart F of Part III of Subchapter N of the Internal Revenue Code
of 1986, as amended.
Article XIII. Dispute Resolution & Arbitration
A. Dispute Resolution: In the event of a dispute arising out of or relating
to this Agreement, the parties agree to the following process of dispute
resolution. Within fifteen (15) days after Generali USA has first given the
other party written notification of a specific dispute, each party will
appoint a designated company officer to attempt to resolve the dispute. The
officers will meet at a mutually agreeable location as soon as possible and
as often as necessary, in order to gather and furnish the other with all
appropriate and relevant information concerning the dispute. The officers
will discuss the problem and will negotiate in good faith without the
necessity of any formal arbitration proceedings. During the negotiation
process, all reasonable requests made by one officer to the other for
information will be honored. The designated officers will decide the
specific format for such discussions.
Treaty Reference #: 200812.4 15
1. If the officers cannot resolve the dispute within thirty (30) days of
their first meeting, the dispute will be submitted to formal
arbitration pursuant Section B below, unless the parties agree in
writing to extend the negotiation period for an additional thirty (30)
days.
B. Arbitration. If Generali USA and the Ceding Company cannot mutually
resolve a dispute that arises out of or relates to this Agreement as
provided in A above, the dispute will be decided through arbitration as a
precedent to any right of action hereunder.
1. To initiate arbitration, either the Ceding Company or Generali USA
will notify the other party in writing of its desire to arbitrate,
stating the nature of its dispute and the remedy sought. The party to
which the notice is sent will respond to the notification in writing
within fifteen (15) days of its receipt.
2. There will be three arbitrators who will be current or former
officers of life insurance or life reinsurance companies other than
the parties to this Agreement, their affiliates or subsidiaries, and
shall also be members of the American Reinsurance and Insurance
Arbitration Society (XXXXX). Each of the three arbitrators will be
impartial regarding the dispute. Each of the parties will appoint one
of the arbitrators and these two arbitrators will select the third. If
either party refuses or neglects to appoint an arbitrator within sixty
(60) days of the initiation of the arbitration, the other party may
appoint the second arbitrator. If the two arbitrators do not agree on
a third arbitrator within thirty (30) days of the appointment of the
second arbitrator, then the appointment of the third arbitrator will
be left to the American Arbitration Association.
3. Once chosen, the arbitrators are empowered to select the site of the
arbitration and decide all substantive and procedural issues by a
majority of votes. As soon as possible, the arbitrators will establish
arbitration procedures as warranted by the facts and issues of the
particular case. The arbitrators will have the power to determine all
procedural rules of the arbitration, including but not limited to
inspection of documents, examination of witnesses and any other matter
relating to the conduct of the arbitration. The arbitrators may
consider any relevant evidence; they will weigh the evidence and
consider any objections. Each party may examine any witnesses who
testify at the arbitration hearing.
4. In making their decision, the arbitrators shall attempt to fashion a
resolution in a manner that is fair and reasonable, and most closely
approximates the intent of the parties as evidenced by this Agreement.
Further, the arbitrators may also consider the customs and practices
of the life insurance and life reinsurance industries. The arbitrators
are not empowered to render a decision that would incorporate a remedy
whose scope or nature is materially beyond that which is contemplated
by the Agreement. For purposes of clarity, this provision would
require the utilization of the Agreements' interest formula if the
award included an award of interest. Finally, the arbitrators are
specifically precluded from incorporating in any award extra
contractual damages of any type including punitive or consequential
damages.
5. The decision of the arbitrators will be made by majority rule and
will be submitted in writing within thirty (30) days of the end of the
hearing. Except for questions concerning the scope of the remedy, the
decision will be final and binding on both parties and there will be
no appeal from the decision. Either party to the arbitration may
petition any court having jurisdiction over the parties to reduce the
decision to judgment.
6. Each party will bear the expense of its own arbitration activities,
including its appointed arbitrator and any outside attorney and
witness fees. The parties will jointly and equally bear the expense of
the third arbitrator and other costs of the arbitration.
7. This Article will survive termination of this Agreement.
Treaty Reference #: 200812.4 16
Article XIV. Confidentiality
A. Ceding Company and Generali USA agree that neither party will disclose nor
use "Proprietary Information" or "Non-public Information" (collectively
"Information") provided under this Agreement in any way except for the
purposes for which the information was provided.
1. "Proprietary Information" means any tangible or intangible
proprietary or confidential information, materials or trade secrets
belonging to the disclosing party or its affiliates (whether disclosed
orally, in writing, in electronic format or otherwise), including, but
not limited to the disclosing party's: computer systems; processes,
methods and techniques; equipment; data; reports; know-how; existing
and proposed contracts with third parties; business plans, including
information concerning the existence and scope of activities of any
research, development, marketing or other projects of the disclosing
party, which are furnished, disclosed, learned or otherwise acquired
by the recipient during or in the course of discussions preceding the
business relationship between the parties memorialized by this
Agreement.
2. "Non-public Information" means personally-identifiable financial
and/or health information (whether disclosed orally, in writing, in
electronic format or otherwise) that (i) is provided by a consumer to
either party or its affiliates, (ii) results from a transaction with
or service performed for the customer by either party or its
affiliates, or (iii) is otherwise obtained by either party or its
affiliates from sources other than those that are generally publicly
available.
B. Security Measures. Ceding Company and Generali USA also mutually agree
that each party will implement information security measures to ensure that
it and any third party used by it will protect the Information. Ceding
Company and Generali USA further mutually agree that such security measures
shall meet or exceed accepted industry standards for businesses of similar
size within the insurance and reinsurance industry.
C. Non-Public Information. Generali USA acknowledges that it may be provided
with access to Non-public Information concerning the Ceding Company's
customers and, to the extent that such information (i) identifies the
individual customer as a customer of the Ceding Company, (ii) was obtained
by Generali USA while acting in its capacity as reinsurer of the Ceding
Company or (iii) was obtained by Ceding Company during the administration
or underwriting of the customer's insurance policy and/or annuity contract,
the Non-public Information shall be and remain the property of the Ceding
Company. Further, Generali USA shall not disclose to any person outside its
organization, Non-Public Information of the disclosing party, unless such
disclosure is required in performance of any services, such as the
disclosure to the "MIB", retrocessionaires, auditors, etc., contemplated
under the Agreement or as otherwise required or permitted by applicable
law.
D. Proprietary Information. Ceding Company and Generali USA shall hold
Proprietary Information in confidence and shall not use or exploit such
Information for its own benefit or the benefit of another without the prior
written consent of the disclosing party. Recipient may, in the performance
of services under the Agreement, disclose Proprietary Information to either
affiliated or non-affiliated third parties who have a need to know the
Proprietary Information, provided such persons are informed of and agree in
writing to comply with the confidentiality obligations of this Agreement.
1. Limitation on Obligations The obligations of the recipient specified
above shall not apply to any Proprietary Information to the extent
that such Information:
a. is known by or in the possession of the recipient prior to
disclosure in accordance with this Agreement, provided that, the
Information is not known by the recipient to be subject to
another
Treaty Reference #: 200812.4 17
confidentiality agreement with the disclosing party or other
obligations of confidentiality to the disclosing party;
b. is generally known to the public at the time of disclosure or
becomes generally known through no wrongful act on the part of
the recipient or any of its representatives, including breach of
this Agreement;
c. becomes known to the recipient through disclosure by sources
other than the disclosing party having the legal right to
disclose such Information;
d. has been independently developed by the recipient without
reference to or use of the Information;
e. is required to be disclosed by the recipient to comply with a
court order or other legal or regulatory process, provided that
the recipient provides prior written notice of such disclosure to
the disclosing party and takes commercially reasonable and lawful
actions to avoid and/or minimize the extent of such disclosure.
Except as specifically set forth above, the receiving party's
obligation to protect the disclosing party's Information shall
continue in perpetuity;
E. Violation of Law. Notwithstanding the foregoing, neither party shall
disclose Information to any other party if such disclosure would violate
applicable Federal or State Privacy Regulations or Statutes.
F. Breach. If there is a breach of terms contained in this Article, either
Party will give notice to the other of the breach in writing and an
opportunity to cure such breach within fifteen (15) days of receipt of such
notice.
Article XV. Insolvency
A. Ceding Company
1. In the event of the insolvency of the Ceding Company, this
reinsurance shall be payable directly to the Ceding Company, or to its
liquidator, receiver, conservator or statutory successor on the basis
of the liability of the Ceding Company without diminution because of
the insolvency of the Ceding Company or because the liquidator,
receiver, conservator or statutory successor of the Ceding Company has
failed to pay all or a portion of any claim. It is agreed, however,
that the liquidator, receiver, conservator or statutory successor of
the Ceding Company shall give written notice to Generali USA of the
pendency of a claim against the Ceding Company, indicating the policy
or bond reinsurance which claim would involve a possible liability on
the part of the reinsurers within a reasonable time after that claim
is filed in the conservation or liquidation proceeding or in the
receivership, and that during the pendency of that claim Generali USA
may investigate that claim and interpose, at its own expense, in the
proceeding where that claim is to be adjudicated any defense(s) they
may deem available to the Ceding Company or its liquidator, receiver,
conservator or statutory successor. This expense incurred by Generali
USA shall be chargeable, subject to the approval of the court, against
the Ceding Company as part of the expense of conservation or
liquidation to the extent of a pro rata share of the benefit which may
accrue to the Ceding Company solely as a result of the defense
undertaken by Generali USA.
2. Where two (2) or more reinsurers are involved in the same claim and a
majority in interest elects to interpose defense to that claim, the
expense shall be apportioned in accordance with the terms of the
reinsurance agreement as though that expense had been incurred by the
Ceding Company.
3. This insolvency clause shall not preclude Generali USA from asserting
any excuse or defense to payment of this reinsurance other than the
excuses or defenses of the insolvency of the Ceding Company and the
failure of the Ceding Company's liquidator, receiver, conservator or
statutory successor to pay all or a portion of any claim.
Treaty Reference #: 200812.4 18
B. Generali USA
1. In the event of the Generali USA's insolvency, the Ceding Company may
cancel the Agreement for future new business and will notify Generali
USA in writing of its intent. The parties agree to waive the
notification period for this cancellation, and the effective date will
be no earlier than the effective date of Generali USA's insolvency.
2. Further, upon giving written notice to Generali USA, the Ceding
Company may also recapture all of the inforce business reinsured by
Generali USA under this Agreement. In such an event, Generali USA will
return unearned premium less unearned allowances.
Article XVI. General Reinsurance Provisions
A. Reliance. Ceding Company affirms that it has and will timely and fully
disclosed all information relevant to the risks being reinsured by the
Agreement and acknowledges its understanding that Generali USA will rely
upon the completeness and correctness of such information. This reliance
includes the information provided by the Ceding Company in support of its
efforts to obtain this reinsurance. Ceding Company agrees to use "utmost
good faith" in its efforts to meet this duty and all others under the
Agreement.
B. The Ceding Company represents that it is, and shall use best efforts to
continue to be, in compliance with all laws, regulations, judicial and
administrative orders applicable to the business reinsured under this
Agreement (collectively "Laws"), including, but not limited to, sanctions
laws administered by the U.S. Treasury Department's Office of Foreign
Assets Control ("OFAC"), as such laws may be amended from time to time.
Neither the Ceding Company nor the Reinsurer shall be required to take any
action under this Agreement that would result in it being in violation of
said laws, including, but not limited to, making any payments in violation
of the law. Should either party discover or otherwise become aware that a
reinsurance transaction has been entered into or a payment has been made in
violation of the law, the party who first becomes aware of the violation of
the law shall notify the other party and the parties shall cooperate in
order to take all necessary corrective actions.
The parties agree that such transaction shall be null, void and of no
effect from its inception, to the same extent as if the transaction had
never been entered into. Each party will be restored to the position it
would have occupied if the violation had not occurred, including the return
of any payments received, unless prohibited by law.
C. Access to Records. Generali USA and the Ceding Company, or their duly
authorized representatives, will have the right to inspect original papers,
records, and all documents relating to the business reinsured under this
Agreement including underwriting, claims processing, and administration.
Such access will be provided during regular business hours at the office of
the inspected party. This provision will survive the termination of the
Agreement.
D. Expenses. The Ceding Company will pay for all medical examinations,
inspection fees, attending physicians' statements and other charges
incurred in connection with the issuance of the original insurance covered
under this Agreement.
E. Offset. In the event of an insolvency, any debts or credits, in favor of
or against either the Generali USA or the Ceding Company with respect to
this Agreement, are deemed mutual debts or credits and may be offset, and
only the balance will be allowed or paid. The right of offset will not be
affected or diminished because of the insolvency of either party. The
parties acknowledge and agree that claims by the Ceding Company may not be
offset against Premium due unless the Generali USA has agreed in writing.
Treaty Reference #: 200812.4 19
F. Premium Tax. Generali USA shall not reimburse the Ceding Company for
premium taxes on reinsurance premiums.
G. Dividends, Cash Values. Generali USA will not reimburse the Ceding Company
for its proportionate share of the dividends or cash values paid by the
Ceding Company to policyholders.
H. Third Parties. This Agreement is a contract between the Ceding Company and
Generali USA only. Neither Agreement nor the exercise of any right under
the Agreement create any right or legal relationship between Generali USA
and any policyholder, agent, or employee of the Ceding Company or any
employee of a policyholder or insured or beneficiary under any Reinsured
Policy or other Ceding Company agreement or contract with such third
person.
I. Cessions.
1. The Ceding Company will retain net for its own account the insurance
Retention specified in Exhibit I.
2. The Ceding Company will not cede an Underlying Policy to Generali USA
unless the amount to be reinsured at issue exceeds the Initial Minimum
Cession amount shown in Schedule A.
Article XVII. Duration of Agreement
A. Subject to the provisions of Article V. E regarding payment of premium and
Article XV. B regarding insolvency of Generali USA, this Agreement is
indefinite as to its duration. The Ceding Company or Generali USA may
terminate this Agreement with respect to the reinsurance of new business by
giving ninety (90) days written notice of termination to the other party,
sent by certified mail. The first day of the notice period is deemed to be
the date the document is postmarked.
1. During the notification period, the Ceding Company may continue to
cede and Generali USA will continue to accept pursuant Article I
Underlying Policies covered under the terms of this Agreement.
B. Subject to the provisions of Article V. E, reinsurance coverage on all
reinsured policies will remain in force until the termination or expiry of
the Reinsured Policies on which date this Agreement will automatically
terminate or until the contractual termination of reinsurance under the
terms of this Agreement, whichever occurs first.
Article XVIII. General Provisions
A. Interest. If, under the terms of this Agreement, interest is accrued on
amounts due either party, such interest will be calculated using the "Three
Month Treasury Xxxx Rate" as reported in the Wall Street Journal on the
first "business day" on or after a payment became due.
B. Entire Agreement. This agreement shall constitute the entire agreement
between the parties with respect to the business reinsured hereunder and
supersede all prior agreements, promises, representations or discussions of
any type. The parties acknowledge and agree that "Facultative Offers of
Coverage" made and accepted in accordance with Article II are incorporated
into this Agreement and made a part thereof. There are no other
understandings between the parties other than as expressed in this
Agreement. Any change or modification to this agreement shall be null and
void unless made by written amendment to this Agreement signed by both
parties. For avoidance of doubt, any confidentiality agreements entered
into by the parties are hereby terminated and superseded by the terms of
this Agreement.
C. Notices: All notices, requests, instructions, demands, consents and other
communications required or permitted to be given hereunder shall be in
writing and shall be deemed to have been duly given on the date
Treaty Reference #: 200812.4 20
delivered by hand or by courier service such as Federal Express, or by
other messenger (or, if delivery is refused, upon presentment) or upon
electronic confirmation of a facsimile transmission, or upon delivery by
registered or certified mail (return receipt requested), postage prepaid,
to the parties at the following addresses:
If to the Ceding Company:
Ameritas Life Insurance Corp
0000 X Xxxxxx
Xxxxxxx, Xxxxxxxx 00000 Attn:
Xxx Xxxxxxxx
If to Generali USA:
Generali USA Life Reassurance Company
0000 Xxxxxx Xxxx Xxxxx 000
Xxxxxx, Xxxxxx 00000-0000
Attn: Treaty Department
D. Governing Law. This Agreement shall be governed by, construed and enforced
in accordance with the laws of Nebraska.
E. Non-Waiver of Rights. No waiver by any party of any default by any other
party in the performance of any promise, term or condition of this
Agreement shall be construed to be a waiver by such party of any other or
subsequent default in performance of the same or any other promise, term or
condition of this Agreement. No prior transactions or dealings between any
of the parties shall be deemed to establish any custom or usage waiving or
modifying any provisions hereof. The failure of any party to enforce any
part of this Agreement shall not constitute a waiver by such party of its
right to do so, nor shall it be deemed to be an act of ratification or
consent
F. Severability. If any provision of this Agreement is determined, for any
reason, to be invalid, illegal, or unenforceable in any respect, (1) such
provision or provisions shall be ineffective but only to the extent of such
invalidity, illegality, or unenforceability and (2) such determination will
not impair or affect the remaining provisions of this Agreement. In such an
event, Agreement shall be construed as if such invalid, illegal, or
unenforceable provision had never been contained herein, unless such a
construction would be unreasonable
G. Assignment. All the terms of this Agreement shall be binding upon and
inure to the benefit of and be enforceable by the parties hereto and their
respective successors and assigns, whether so expressed or not; however, no
party hereto shall assign or otherwise transfer any of its rights or
obligations hereunder without the prior written consent of the other party
hereto.
H. Currency: All payments under this agreement shall be made in currency of
the United States of America.
I. Compliance with Law. The parties shall in all matters relating to the
Agreement comply with all applicable regulatory provisions.
J. Counterparts. This Agreement may be executed simultaneously in multiple
counterparts, each of which shall be deemed an original, but all such
counterparts shall together constitute one and the same document.
K. Descriptive Headings and Construction. The descriptive headings herein are
inserted for convenience of reference only and are not intended to be part
of, or to affect the meaning, construction or interpretation of, this
Agreement. Unless otherwise expressly provided, the word "including" does
not limit the preceding
Treaty Reference #: 200812.4 21
words or terms. The parties have participated jointly in the negotiation
and drafting of this Agreement and no rule of construction against the
draftsperson shall be applied hereto.
THIS AGREEMENT CONTAINS A BINDING ARBITRATION CLAUSE WHICH MAY BE ENFORCED BY
THE PARTIES
(The remainder of this page is intentionally left blank)
Treaty Reference #: 200812.4 22
IN WITNESS WHEREOF, this agreement is hereby executed.
Ameritas Life Insurance Corp. Generali USA Life Reassurance Company
By: /s/ Xxxxxx Xxxxxxxx By: /s/ Xxxxx X. Xxxxx
------------------------------- ----------------------------------
Name: Xxxxxx Xxxxxxxx Name: Xxxxx Xxxxx
------------------------------- ----------------------------------
Title: President Title: Senior Vice President
------------------------------- ----------------------------------
Date: 10/21/11 Date: 10/12/2011
------------------------------- ----------------------------------
By: /s/ Xxx X. Xxxxxxxx By: /s/ Xxxxxx Xxxxxxxx
------------------------------- ----------------------------------
Name: Xxx X. Xxxxxxxx Name: Xxxxxx Xxxxxxxx
------------------------------- ----------------------------------
Title: 2nd V.P. Title: Treaty Counsel
------------------------------- ----------------------------------
Date: 10/10/11 Date: 10/12/2011
------------------------------- ----------------------------------
Treaty Reference #: 200812.4 23
Schedule A
Treaty Specifications
AMERITAS LIFE INSURANCE CORP. Treaty #: 200812.4
================================================================================
Type of Reporting:
------------------
Self-Administered
Basis of Reinsurance:
---------------------
Automatic / Yearly Renewable Term
Plan Names:
-----------
Written by the Ceding Company:
Advisor VUL and Excel Performance VUL policies with coverage effective on or
after December 1, 2008, and for policies in all applicable states and
territories of the U.S. and Canada as allowed in Article I, except in the state
of New York.
Age Basis:
----------
Age nearest birthday.
Quota Share in Excess of Retention:
-----------------------------------
Advisor VUL: [*]% of each case on amounts exceeding the Ceding Company's
retention.
Life Maximum Automatic Mortality:
---------------------------------
[*]
Maximum Automatic Issue Age:
----------------------------
Maximum issue age will be as set forth in the plans: up to and including issue
age 80
Premium Tax Reimbursement:
--------------------------
Premium taxes are not reimbursed.
Rate Capacity:
--------------
Automatic and facultative face amounts ceded to Generali USA on one life up to
and including [*] use the standard (non-rate capacity) reinsurance rates.
Automatic and facultative face amounts ceded to Generali USA on one life in
excess of [*] use the Over Rate Capacity reinsurance rates.
Recapture Years:
----------------
[*] Years
Treaty Reference #: 200812.4 24
Schedule A
Treaty Specifications
AMERITAS LIFE INSURANCE CORP. Treaty #: 200812.4
================================================================================
Reinsurer's Proportionate Automatic Binding Limits*:
----------------------------------------------------
Life
Ages Standard Table 1 - Table 4 Table 5 - Table 16
0-65 [*] [*] [*]
66-75 [*] [*] [*]
76-80 [*] [*] [*]
81+ [*] [*] [*]
*these limits exclude the Ceding Company's retention
Waiver of Premium: Amounts equal to but not exceeding the premiums payable to
the CEDING COMPANY for the amount of life insurance ceded to Generali USA.
Jumbo Limits:
-------------
Ages Standard through Table 8 Table 9 through Table 16
0-80 [*] [*]
81+ [*] [*]
Minimum Cession Amount:
-----------------------
[*]
Treaty Reference #: 200812.4 25
Schedule B
Benefits & Rider Information
AMERITAS LIFE INSURANCE CORP. Treaty #: 200812.4
================================================================================
Self - Administered Business:
-----------------------------
The net amount at risk shall be provided by the CEDING COMPANY in the
self-administered format included in Exhibit III.
Riders reinsured (any riders not listed below are not reinsured under this
--------------------------------------------------------------------------
Agreement):
-----------
Accounting Benefit Rider: The Accounting Benefit Rider may be reinsured using
the same reinsurance rates as the single life base plan.
Total Disability Benefit Rider (waiver of premium): reinsured using the direct
premiums, and applying the YRT percentages in Exhibit IIA.
Guaranteed Insurability Rider: Reinsured based on the amount ceded using the
rates contained in the attached Exhibit IV, and the applicable YRT factors in
Exhibit IIA. Upon election, increased amounts will be charged base rates and
treated as new business.
Term Insurance Rider: reinsured using the same reinsurance rates as the single
life base plan for the age, gender and underwriting classification of the other
insured life.
Insurance Exchange Rider: reinsured at the same reinsurance rates as the single
life base plan for the new insured life.
Scheduled Increase Rider: reinsured based on the amount ceded using the rates
contained in Exhibit II, and the applicable YRT factors in Exhibit IIA.
Increased net amounts at risk will be charged base rates point-in-scale.
Treaty Reference #: 200812.4 26
Exhibit I
Ceding Company Retention
AMERITAS LIFE INSURANCE CORP. Treaty #: 200812.4
================================================================================
UNIFI CORPORATE MAXIMUM RETENTION RETAINED UNDER THIS AGREEMENT
------- ---------------- ------------------- -------------------
Issue Preferred Plus Substandard Substandard
Ages Preferred Table 1 - Table 4 Table 5 - Table 16
Standard Table Flat Extra Table Flat Extra
Up to $7.50 $7.51 and up
------- ---------------- ------------------- -------------------
0-65 [*] [*] [*]
------- ---------------- ------------------- -------------------
66-75 [*] [*] [*]
------- ---------------- ------------------- -------------------
76-80 [*] [*] [*]
------- ---------------- ------------------- -------------------
81-85 [*] [*] [*]
------- ---------------- ------------------- -------------------
Waiver of Premium Fixed Premium Policies: same as life
Waiver of Premium Flexible Premium Policies: [*] per month
Accidental Death Benefit: Bulk reinsured elsewhere
Treaty Reference #: 200812.4 27
Exhibit II
Reinsurance Premiums
AMERITAS LIFE INSURANCE CORP. Treaty #: 200812.4
================================================================================
For Advisor VUL and Excel Performance VUL face amounts ceded to Generali USA on
one life less than or equal to [*], the reinsurance premiums are the non-Rate
Capacity percentages in Exhibit IIB applied to the attached 2001 Valuation Basic
Tables, Age Nearest Birthday, Select & Ultimate, Male/Female, Non-Smoker/Smoker.
The Ceding Company will pay reinsurance premiums beyond age [*].
For Advisor VUL and Excel Performance VUL face amounts ceded to Generali USA on
one life over the rate capacity of [*]: the reinsurance premiums applicable to
amounts over the rate capacity are the attached 2001 Valuation Basic Tables, Age
Nearest Birthday, Select & Ultimate, Male/Female, Non-Smoker/Smoker, applying
the percentages from Exhibit IIB for Over Capacity Rates. The Ceding Company
will pay reinsurance premiums beyond age [*].
Treaty Reference #: 200812.4 28
Exhibit II
2001 Valuation Basic Table -- Male -- Nonsmoker -- 1000qx (Age Nearest Birthday)
Issue Duration
Age 1 2 3 4 5 6 7 8 9 10 11 12 13 14
0 0.90 0.49 0.32 0.20 0.14 0.14 0.15 0.15 0.15 0.16 0.16 0.20 0.26 0.31
1 0.40 0.29 0.19 0.14 0.14 0.14 0.15 0.15 0.15 0.16 0.18 0.22 0.28 0.33
2 0.28 0.19 0.14 0.14 0.14 0.14 0.15 0.15 0.15 0.16 0.19 0.25 0.29 0.40
3 0.17 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.15 0.18 0.24 0.28 0.39 0.58
4 0.13 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.18 0.23 0.28 0.39 0.58 0.68
5 0.13 0.13 0.13 0.14 0.14 0.14 0.15 0.17 0.22 0.27 0.39 0.57 0.68 0.76
6 0.13 0.13 0.13 0.14 0.14 0.14 0.17 0.22 0.26 0.38 0.57 0.68 0.76 0.82
7 0.13 0.13 0.13 0.14 0.14 0.17 0.21 0.26 0.37 0.57 0.68 0.76 0.82 0.83
8 0.13 0.13 0.13 0.14 0.16 0.20 0.25 0.37 0.56 0.68 0.76 0.81 0.82 0.82
9 0.13 0.13 0.13 0.16 0.19 0.25 0.36 0.56 0.68 0.76 0.81 0.81 0.81 0.81
10 0.13 0.13 0.15 0.19 0.25 0.35 0.56 0.67 0.76 0.80 0.80 0.80 0.80 0.80
11 0.13 0.15 0.18 0.24 0.34 0.56 0.67 0.76 0.79 0.79 0.79 0.79 0.79 0.80
12 0.14 0.17 0.24 0.33 0.56 0.67 0.76 0.78 0.78 0.78 0.78 0.78 0.79 0.81
13 0.16 0.23 0.32 0.56 0.67 0.76 0.77 0.77 0.77 0.77 0.77 0.79 0.80 0.83
14 0.22 0.31 0.56 0.67 0.76 0.77 0.77 0.77 0.77 0.77 0.77 0.79 0.82 0.83
15 0.30 0.56 0.67 0.76 0.76 0.76 0.76 0.76 0.76 0.76 0.78 0.80 0.83 0.83
16 0.56 0.67 0.75 0.75 0.75 0.75 0.75 0.75 0.75 0.76 0.78 0.81 0.82 0.83
17 0.67 0.74 0.74 0.74 0.74 0.74 0.74 0.74 0.75 0.77 0.78 0.80 0.80 0.80
18 0.73 0.73 0.73 0.73 0.73 0.73 0.73 0.73 0.75 0.75 0.76 0.77 0.77 0.79
19 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.72 0.72 0.72 0.73 0.73 0.74 0.77
20 0.66 0.66 0.66 0.66 0.66 0.67 0.67 0.68 0.68 0.68 0.69 0.70 0.72 0.76
21 0.60 0.60 0.60 0.60 0.61 0.62 0.63 0.63 0.64 0.65 0.66 0.69 0.72 0.77
22 0.55 0.55 0.55 0.56 0.58 0.58 0.59 0.60 0.60 0.63 0.65 0.68 0.72 0.79
23 0.49 0.49 0.51 0.53 0.55 0.56 0.57 0.58 0.59 0.62 0.65 0.68 0.74 0.81
24 0.43 0.44 0.48 0.51 0.54 0.55 0.56 0.58 0.60 0.63 0.67 0.71 0.77 0.85
25 0.35 0.40 0.46 0.51 0.53 0.55 0.57 0.58 0.62 0.66 0.70 0.75 0.82 0.91
26 0.32 0.39 0.46 0.52 0.54 0.56 0.57 0.61 0.64 0.69 0.74 0.80 0.88 0.99
27 0.30 0.39 0.46 0.53 0.56 0.57 0.61 0.64 0.68 0.74 0.80 0.87 0.96 1.09
28 0.30 0.39 0.47 0.53 0.57 0.60 0.63 0.68 0.73 0.79 0.87 0.96 1.06 1.20
29 0.29 0.39 0.48 0.54 0.60 0.63 0.68 0.73 0.78 0.87 0.96 1.06 1.17 1.30
30 0.28 0.39 0.47 0.55 0.62 0.68 0.73 0.78 0.86 0.95 1.04 1.14 1.26 1.42
31 0.27 0.38 0.47 0.55 0.63 0.71 0.78 0.84 0.91 0.99 1.09 1.22 1.38 1.57
32 0.26 0.36 0.47 0.55 0.64 0.72 0.80 0.87 0.94 1.02 1.14 1.31 1.53 1.76
33 0.27 0.38 0.48 0.58 0.67 0.76 0.85 0.91 0.98 1.07 1.21 1.42 1.68 1.92
34 0.29 0.39 0.51 0.60 0.71 0.80 0.90 0.97 1.05 1.16 1.34 1.57 1.83 2.09
35 0.31 0.41 0.52 0.63 0.73 0.84 0.94 1.04 1.15 1.30 1.49 1.72 1.98 2.24
36 0.32 0.43 0.54 0.65 0.77 0.87 0.99 1.14 1.29 1.47 1.66 1.89 2.15 2.43
37 0.34 0.44 0.56 0.67 0.78 0.91 1.07 1.26 1.45 1.63 1.82 2.03 2.31 2.63
38 0.37 0.49 0.61 0.71 0.83 0.98 1.18 1.40 1.61 1.79 1.97 2.20 2.49 2.82
39 0.40 0.54 0.66 0.77 0.90 1.08 1.32 1.54 1.76 1.94 2.13 2.38 2.70 3.06
40 0.43 0.58 0.71 0.83 0.99 1.21 1.46 1.70 1.89 2.09 2.32 2.62 2.96 3.34
41 0.45 0.63 0.79 0.94 1.12 1.36 1.62 1.84 2.06 2.29 2.57 2.91 3.28 3.69
42 0.48 0.70 0.89 1.06 1.26 1.50 1.76 2.00 2.25 2.53 2.86 3.23 3.64 4.13
43 0.51 0.73 0.95 1.14 1.35 1.59 1.87 2.14 2.44 2.76 3.13 3.56 4.08 4.62
44 0.54 0.78 1.00 1.20 1.41 1.68 1.99 2.33 2.65 3.01 3.41 3.98 4.56 5.10
45 0.60 0.84 1.05 1.26 1.51 1.80 2.16 2.53 2.92 3.29 3.79 4.46 5.03 5.52
46 0.65 0.88 1.09 1.32 1.61 1.97 2.37 2.80 3.22 3.67 4.26 4.93 5.48 5.97
47 0.71 0.92 1.14 1.41 1.75 2.14 2.60 3.08 3.55 4.12 4.72 5.37 5.92 6.59
48 0.77 0.99 1.24 1.54 1.89 2.31 2.81 3.35 3.89 4.56 5.14 5.80 6.46 7.35
49 0.81 1.08 1.37 1.69 2.06 2.50 3.03 3.65 4.22 4.88 5.55 6.33 7.21 8.27
[2001 Valuation Basic Table -- Male -- Nonsmoker -- 1000qx (Age Nearest Birthday)(ages 0 - 49) chart continued on this page]
Att
15 16 17 18 19 20 21 22 23 24 25 Ultimate Age
0.39 0.53 0.66 0.77 0.83 0.85 0.85 0.85 0.85 0.85 0.85 0.86 25
0.50 0.63 0.73 0.81 0.84 0.85 0.85 0.85 0.85 0.85 0.86 0.89 26
0.60 0.70 0.78 0.83 0.84 0.85 0.85 0.85 0.85 0.86 0.88 0.93 27
0.68 0.76 0.82 0.84 0.85 0.85 0.85 0.85 0.86 0.87 0.90 0.91 28
0.76 0.82 0.84 0.85 0.85 0.85 0.85 0.86 0.87 0.88 0.88 0.88 29
0.82 0.84 0.85 0.85 0.85 0.85 0.86 0.86 0.86 0.86 0.86 0.86 30
0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84 31
0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 32
0.82 0.82 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.84 33
0.81 0.81 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.84 0.85 34
0.81 0.82 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.84 0.85 0.87 35
0.81 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.84 0.85 0.87 0.91 36
0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.84 0.85 0.87 0.91 0.95 37
0.83 0.83 0.83 0.83 0.83 0.83 0.84 0.85 0.87 0.91 0.95 1.02 38
0.83 0.83 0.83 0.83 0.83 0.84 0.85 0.87 0.91 0.95 1.02 1.09 39
0.83 0.83 0.83 0.83 0.84 0.85 0.87 0.91 0.95 1.02 1.09 1.16 40
0.83 0.83 0.83 0.84 0.85 0.87 0.91 0.95 1.02 1.09 1.16 1.26 41
0.80 0.80 0.84 0.85 0.87 0.91 0.95 1.02 1.09 1.16 1.26 1.39 42
0.80 0.80 0.85 0.86 0.91 0.95 1.02 1.09 1.16 1.26 1.39 1.53 43
0.80 0.82 0.86 0.91 0.95 1.02 1.08 1.16 1.26 1.39 1.53 1.71 44
0.82 0.86 0.90 0.95 1.02 1.08 1.16 1.26 1.39 1.53 1.71 1.91 45
0.84 0.90 0.95 1.02 1.08 1.16 1.26 1.39 1.53 1.71 1.91 2.10 46
0.87 0.95 1.02 1.08 1.16 1.26 1.39 1.53 1.71 1.91 2.10 2.31 47
0.91 1.01 1.08 1.16 1.26 1.39 1.53 1.71 1.91 2.10 2.31 2.42 48
0.97 1.07 1.16 1.26 1.39 1.53 1.71 1.91 2.10 2.29 2.42 2.55 49
1.03 1.15 1.26 1.39 1.53 1.71 1.91 2.10 2.27 2.42 2.55 2.74 50
1.11 1.26 1.39 1.53 1.71 1.91 2.10 2.27 2.41 2.55 2.74 2.97 51
1.21 1.38 1.53 1.71 1.90 2.10 2.26 2.40 2.55 2.74 2.97 3.29 52
1.34 1.53 1.70 1.89 2.10 2.25 2.40 2.55 2.74 2.97 3.29 3.65 53
1.48 1.69 1.88 2.09 2.25 2.39 2.55 2.74 2.97 3.29 3.65 4.11 54
1.61 1.84 2.04 2.22 2.39 2.55 2.74 2.97 3.27 3.65 4.08 4.68 55
1.80 2.01 2.20 2.37 2.54 2.73 2.95 3.25 3.64 4.08 4.57 5.26 56
1.99 2.18 2.37 2.54 2.73 2.95 3.24 3.64 4.06 4.53 5.10 5.89 57
2.14 2.34 2.53 2.73 2.95 3.23 3.63 4.04 4.50 5.04 5.62 6.41 58
2.31 2.50 2.72 2.95 3.23 3.59 4.00 4.46 4.99 5.56 6.14 7.02 59
2.48 2.70 2.95 3.23 3.58 3.96 4.41 4.93 5.49 6.07 6.68 7.76 60
2.69 2.95 3.23 3.56 3.94 4.35 4.88 5.43 6.01 6.65 7.31 8.67 61
2.93 3.23 3.55 3.91 4.33 4.81 5.36 5.94 6.58 7.29 8.15 9.80 62
3.17 3.52 3.90 4.31 4.78 5.29 5.87 6.52 7.26 8.12 9.25 11.07 63
3.44 3.85 4.27 4.76 5.27 5.81 6.45 7.22 8.09 9.21 10.49 12.40 64
3.76 4.21 4.71 5.24 5.79 6.39 7.16 8.04 9.15 10.37 11.71 13.80 65
4.17 4.68 5.20 5.76 6.38 7.09 7.99 9.08 10.27 11.65 12.87 15.21 66
4.68 5.16 5.70 6.34 7.08 7.92 8.99 10.17 11.50 12.80 13.88 16.63 67
5.15 5.61 6.28 7.03 7.90 8.89 10.06 11.30 12.59 13.80 15.22 18.16 68
5.59 6.19 6.96 7.85 8.85 9.93 11.15 12.42 13.69 15.01 16.63 19.73 69
6.07 6.85 7.77 8.78 9.86 10.99 12.23 13.50 14.77 16.51 18.48 21.65 70
6.76 7.69 8.73 9.84 10.97 12.11 13.34 14.58 16.25 18.37 20.77 23.80 71
7.57 8.66 9.81 10.97 12.11 13.23 14.39 16.00 18.09 20.66 23.47 26.68 72
8.52 9.76 10.95 12.11 13.23 14.26 15.77 17.81 20.35 23.34 26.34 29.70 73
9.57 10.93 12.11 13.23 14.24 15.55 17.56 20.06 22.99 26.21 29.30 32.86 74
A-1
Exhibit II
2001 Valuation Basic Table -- Male -- Nonsmoker -- 1000qx (Age Nearest Birthday)
Issue Duration
Age 1 2 3 4 5 6 7 8 9 10 11 12 13 14
50 0.89 1.19 1.51 1.86 2.23 2.69 3.28 3.93 4.52 5.20 6.03 7.06 8.19 9.43
51 0.98 1.34 1.70 2.06 2.44 2.92 3.51 4.16 4.84 5.63 6.68 8.02 9.34 10.63
52 1.07 1.49 1.90 2.29 2.68 3.14 3.74 4.45 5.25 6.26 7.56 9.12 10.52 11.42
53 1.11 1.61 2.07 2.52 2.94 3.43 4.09 4.93 5.86 7.10 8.62 10.29 11.31 12.45
54 1.15 1.73 2.27 2.74 3.18 3.75 4.54 5.55 6.64 8.09 9.70 11.04 12.32 13.67
55 1.19 1.86 2.46 2.94 3.44 4.14 5.11 6.28 7.50 9.04 10.34 11.95 13.52 15.09
56 1.24 1.99 2.63 3.18 3.77 4.63 5.77 7.08 8.37 9.62 11.17 13.01 14.90 16.75
57 1.29 2.09 2.81 3.47 4.20 5.21 6.49 7.88 9.20 10.72 12.52 14.53 16.53 18.80
58 1.39 2.23 3.02 3.81 4.73 5.88 7.23 8.63 9.93 11.64 13.68 16.12 18.55 21.18
59 1.52 2.39 3.28 4.22 5.31 6.58 7.98 9.34 10.60 12.52 14.85 17.75 20.90 23.74
60 1.70 2.59 3.57 4.67 5.91 7.28 8.70 10.04 11.29 13.46 16.18 19.44 23.16 26.36
61 1.91 2.83 3.89 5.11 6.51 7.98 9.41 10.72 11.98 14.49 17.53 21.01 24.85 29.11
62 2.15 3.10 4.25 5.60 7.13 8.70 10.17 11.52 12.86 15.66 18.90 22.50 26.53 31.12
63 2.30 3.42 4.74 6.23 7.86 9.52 11.09 12.56 14.07 17.07 20.47 24.27 28.62 33.70
64 2.41 3.76 5.27 6.91 8.68 10.45 12.17 13.84 15.55 18.72 22.33 26.48 31.32 37.04
65 2.47 4.09 5.83 7.68 9.59 11.51 13.38 15.24 17.17 20.57 24.52 29.15 34.62 41.18
66 2.51 4.61 6.53 8.52 10.69 12.74 14.71 16.73 18.93 22.65 27.07 32.29 38.56 46.04
67 2.68 5.20 7.30 9.45 11.94 14.09 16.19 18.35 20.81 24.97 29.95 35.94 43.08 51.30
68 3.11 5.85 8.17 10.49 13.07 15.65 18.19 20.72 23.29 28.04 33.79 40.65 48.56 57.92
69 3.52 6.59 9.15 11.64 13.69 17.46 20.03 22.50 25.41 30.83 37.32 44.82 53.70 63.56
70 3.96 7.42 10.23 12.92 14.29 19.35 21.73 24.36 29.77 36.13 43.48 52.18 61.86 72.82
71 5.12 8.37 11.45 13.60 16.68 20.98 23.34 29.46 33.26 40.29 48.58 57.85 68.36 80.47
72 6.61 9.43 12.82 15.90 19.04 22.34 25.90 29.84 34.37 42.01 50.51 60.20 71.41 84.47
73 7.76 11.57 14.98 18.03 20.88 23.79 27.05 32.84 36.34 44.28 53.29 63.73 75.93 90.04
74 9.19 12.82 16.47 19.94 23.05 25.96 31.36 35.20 39.28 48.05 57.91 69.45 82.84 98.18
75 10.86 13.68 17.86 22.29 25.20 29.93 34.07 38.44 47.98 57.38 68.97 82.28 97.55 114.77
76 11.16 15.26 19.75 24.44 28.52 32.92 37.53 46.25 56.86 68.49 81.73 96.92 114.06 133.15
77 11.50 16.52 21.73 27.19 31.83 36.65 44.61 55.42 62.68 78.49 93.31 110.06 128.75 149.34
78 12.21 17.77 23.85 30.78 35.81 43.03 54.04 61.90 78.17 93.21 109.94 128.60 149.17 165.54
79 13.14 19.33 26.64 34.99 41.54 52.70 61.15 76.89 83.87 99.88 117.52 137.03 157.11 178.13
80 14.13 21.51 30.14 40.09 51.42 60.40 75.65 82.96 95.96 113.48 132.60 152.32 173.85 210.27
81 15.38 24.31 34.66 46.46 59.74 74.47 82.09 95.04 108.69 127.63 146.94 172.66 210.09 225.56
82 17.06 28.00 40.37 54.20 69.48 81.26 94.17 107.84 114.86 146.71 172.53 209.93 225.39 241.65
83 19.65 32.82 47.35 63.24 80.51 93.33 107.03 114.13 146.18 172.41 209.78 225.23 241.49 256.08
84 23.55 38.90 55.52 73.42 92.51 106.26 113.42 145.53 171.99 209.65 225.09 241.34 255.93 271.36
85 28.89 46.29 64.88 84.51 105.50 112.74 144.92 171.60 209.19 224.97 241.21 255.80 271.22 287.54
86 35.59 54.95 75.38 97.01 112.09 144.33 171.06 208.76 224.52 241.09 255.67 271.10 287.42 304.68
87 43.42 65.29 88.02 111.44 143.79 170.55 208.38 224.11 240.66 255.57 270.99 287.30 304.57 322.81
88 52.86 78.07 103.36 143.23 170.08 208.02 223.74 240.27 255.17 270.89 287.21 304.47 322.72 342.00
89 65.22 94.02 137.72 169.60 207.71 223.40 239.92 254.80 270.53 287.12 304.38 322.63 341.93 362.33
90 81.90 131.34 165.80 207.39 223.09 239.59 254.47 270.19 286.79 304.31 322.56 341.87 362.29 383.85
91 123.13 161.42 207.08 222.79 239.30 254.17 269.89 286.49 304.02 322.50 341.81 362.24 383.82 406.63
92 155.82 206.76 222.48 239.02 253.90 269.62 286.22 303.77 322.26 341.76 362.20 383.80 406.63 430.21
93 206.45 222.18 238.73 253.64 269.37 285.98 303.53 322.05 341.57 362.17 383.78 406.63 430.21 455.16
94 221.88 238.44 253.37 269.12 285.76 303.32 321.85 341.41 362.03 383.76 406.63 430.21 455.16 481.56
95 238.15 253.10 268.88 285.54 303.12 321.67 341.25 361.92 383.70 406.63 430.21 455.16 481.56 509.49
96 252.83 268.63 285.32 302.93 321.51 341.11 361.81 383.64 406.63 430.21 455.16 481.56 509.49 539.05
97 268.38 285.10 302.74 321.35 340.98 361.71 383.58 406.63 430.21 455.16 481.56 509.49 539.05 570.31
98 284.88 302.55 321.19 340.86 361.62 383.53 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39
99 302.36 321.03 340.73 361.54 383.48 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38
100 319.84 339.51 360.27 382.22 405.34 429.73 453.79 480.11 507.96 537.42 568.61 601.57 636.47 673.37
[2001 Valuation Basic Table -- Male -- Nonsmoker -- 1000qx (Age Nearest Birthday) (ages 50 - 100) chart continued on this page]
Att
15 16 17 18 19 20 21 22 23 24 25 Ultimate Age
10.73 12.11 13.21 14.21 15.49 17.33 19.78 22.67 25.81 29.14 32.37 36.32 75
11.79 13.19 14.17 15.41 17.25 19.52 22.36 25.46 28.72 32.22 35.74 40.08 76
12.79 14.13 15.33 17.15 19.40 22.08 25.13 28.35 31.78 35.59 39.52 44.47 77
13.81 15.25 17.05 19.28 21.68 24.83 27.99 31.37 35.12 39.38 43.88 49.61 78
15.17 16.95 19.16 21.60 24.37 27.68 31.01 34.69 38.88 43.74 48.96 55.56 79
16.85 19.04 21.52 24.15 27.15 30.67 34.30 38.42 43.20 48.84 54.86 62.05 80
18.92 21.50 24.13 26.85 30.02 33.88 37.95 42.67 48.23 54.71 61.28 69.45 81
21.47 24.10 26.82 29.67 33.16 37.50 42.15 47.64 54.05 61.13 68.60 77.12 82
24.06 26.78 29.64 32.76 36.68 41.66 47.07 53.40 60.40 68.45 76.20 85.36 83
26.72 29.58 32.71 36.24 40.74 46.54 52.77 59.68 67.64 76.05 84.35 94.49 84
29.51 32.64 36.17 40.24 45.50 52.18 58.99 66.84 75.13 84.16 93.33 104.68 85
32.55 36.08 40.16 44.92 50.99 58.34 66.08 74.26 83.18 93.15 103.43 115.99 86
35.98 40.05 44.81 50.34 57.00 65.38 73.44 82.24 92.08 103.26 114.64 128.32 87
39.68 44.68 50.21 56.25 63.86 72.68 81.36 91.09 102.12 114.49 126.86 141.51 88
43.89 50.05 56.09 63.00 70.98 80.54 90.14 101.04 113.25 126.73 139.93 155.38 89
49.01 55.90 62.81 70.02 78.63 89.25 100.02 112.09 125.40 139.84 153.70 169.81 90
54.64 62.65 69.82 77.55 87.07 98.96 110.89 124.07 138.34 153.59 167.99 183.19 91
61.01 69.66 77.36 85.90 96.59 109.74 122.77 136.88 151.96 167.89 181.24 197.07 92
68.29 77.20 85.71 95.31 107.13 121.50 135.46 150.38 166.14 181.16 195.01 211.63 93
74.74 85.57 95.12 105.75 118.64 134.08 148.85 164.43 179.30 194.94 211.55 226.96 94
85.45 94.99 105.57 117.15 130.97 147.35 162.76 177.45 192.91 211.50 226.83 242.98 95
94.57 105.45 116.98 129.35 143.97 161.14 175.68 190.97 211.47 226.76 242.88 257.32 96
99.56 116.78 129.20 142.22 157.49 173.96 189.09 211.44 226.72 242.86 257.32 272.49 97
106.19 124.37 142.10 155.63 170.07 187.28 211.41 226.69 242.80 257.32 272.49 288.55 98
115.49 134.77 155.54 168.11 183.15 211.38 226.66 242.76 257.32 272.49 288.55 305.55 99
133.96 155.54 168.06 181.09 211.35 226.63 242.72 257.32 272.49 288.55 305.55 323.54 100
154.18 167.80 180.79 211.32 226.60 242.68 257.32 272.49 288.55 305.55 323.54 342.58 101
165.74 180.53 211.00 226.57 242.64 257.32 272.49 288.55 305.55 323.54 342.58 362.74 102
180.29 210.72 226.26 242.60 257.28 272.49 288.55 305.55 323.54 342.58 362.74 384.06 103
210.48 225.99 242.31 256.96 272.45 288.55 305.55 323.54 342.58 362.74 384.06 406.63 104
225.76 242.05 256.69 272.16 288.51 305.55 323.54 342.58 362.74 384.06 406.63 430.21 105
241.84 256.46 271.91 288.25 305.52 323.54 342.58 362.74 384.06 406.63 430.21 455.16 106
256.26 271.70 288.03 305.29 323.51 342.58 362.74 384.06 406.63 430.21 455.16 481.56 107
271.52 287.84 305.10 323.32 342.55 362.74 384.06 406.63 430.21 455.16 481.56 509.49 108
287.68 304.94 323.16 342.41 362.71 384.06 406.63 430.21 455.16 481.56 509.49 539.05 109
304.80 323.03 342.28 362.61 384.05 406.63 430.21 455.16 481.56 509.49 539.05 570.31 110
322.91 342.18 362.53 384.00 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 111
342.08 362.45 383.95 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 112
362.39 383.91 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 113
383.88 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 114
406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 115
430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 116
455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 117
481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 118
509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 119
539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00 120
570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00
603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00
638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00
675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00
712.44 753.75 797.48 843.73 892.66 944.45 999.22
A-2
Exhibit II
2001 Valuation Basic Table -- Male -- Smoker -- 1000qx (Age Nearest Birthday)
Issue Duration
Age 1 2 3 4 5 6 7 8 9 10 11 12 13 14
0 0.90 0.49 0.32 0.20 0.14 0.14 0.15 0.15 0.15 0.16 0.16 0.20 0.26 0.31
1 0.40 0.29 0.19 0.14 0.14 0.14 0.15 0.15 0.15 0.16 0.18 0.22 0.28 0.33
2 0.28 0.19 0.14 0.14 0.14 0.14 0.15 0.15 0.15 0.16 0.19 0.25 0.29 0.40
3 0.17 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.15 0.18 0.24 0.28 0.39 0.62
4 0.13 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.18 0.23 0.28 0.39 0.62 0.78
5 0.13 0.13 0.13 0.14 0.14 0.14 0.15 0.17 0.22 0.27 0.39 0.61 0.78 0.93
6 0.13 0.13 0.13 0.14 0.14 0.14 0.17 0.22 0.26 0.38 0.61 0.78 0.93 1.06
7 0.13 0.13 0.13 0.14 0.14 0.17 0.21 0.26 0.37 0.61 0.78 0.93 1.06 1.14
8 0.13 0.13 0.13 0.14 0.16 0.20 0.25 0.37 0.60 0.78 0.93 1.05 1.13 1.19
9 0.13 0.13 0.13 0.16 0.19 0.25 0.36 0.60 0.78 0.93 1.05 1.13 1.19 1.24
10 0.13 0.13 0.15 0.19 0.25 0.35 0.60 0.77 0.93 1.05 1.13 1.18 1.22 1.27
11 0.13 0.15 0.18 0.24 0.34 0.60 0.77 0.93 1.03 1.11 1.16 1.21 1.26 1.33
12 0.14 0.17 0.24 0.33 0.60 0.77 0.93 1.03 1.10 1.15 1.20 1.24 1.32 1.41
13 0.16 0.23 0.32 0.60 0.77 0.93 1.02 1.09 1.14 1.18 1.23 1.30 1.38 1.46
14 0.22 0.31 0.60 0.77 0.93 1.02 1.08 1.12 1.17 1.21 1.27 1.36 1.44 1.51
15 0.30 0.60 0.77 0.93 1.01 1.05 1.11 1.15 1.20 1.26 1.35 1.41 1.50 1.53
16 0.60 0.77 0.93 1.01 1.05 1.09 1.14 1.18 1.24 1.31 1.38 1.45 1.50 1.55
17 0.77 0.93 1.01 1.04 1.08 1.14 1.18 1.22 1.30 1.35 1.40 1.45 1.48 1.52
18 0.93 0.99 1.03 1.07 1.11 1.15 1.21 1.27 1.32 1.35 1.38 1.42 1.45 1.50
19 0.95 0.99 1.03 1.07 1.11 1.16 1.22 1.27 1.30 1.32 1.35 1.37 1.42 1.49
20 0.93 0.97 1.01 1.05 1.09 1.16 1.19 1.22 1.25 1.27 1.30 1.33 1.40 1.50
21 0.89 0.93 0.96 1.00 1.06 1.09 1.14 1.15 1.19 1.22 1.27 1.33 1.42 1.54
22 0.84 0.88 0.91 0.97 1.01 1.04 1.07 1.10 1.13 1.20 1.26 1.33 1.43 1.58
23 0.79 0.82 0.88 0.94 0.98 1.03 1.05 1.08 1.13 1.20 1.28 1.37 1.50 1.65
24 0.71 0.77 0.84 0.92 0.98 1.02 1.05 1.10 1.16 1.25 1.33 1.43 1.56 1.75
25 0.61 0.70 0.82 0.93 0.99 1.04 1.08 1.13 1.21 1.31 1.41 1.52 1.68 1.88
26 0.56 0.69 0.83 0.96 1.02 1.06 1.11 1.19 1.27 1.39 1.51 1.64 1.81 2.06
27 0.53 0.70 0.86 0.98 1.06 1.11 1.19 1.27 1.37 1.51 1.64 1.80 1.98 2.27
28 0.54 0.73 0.89 1.01 1.11 1.17 1.25 1.35 1.47 1.63 1.80 1.98 2.21 2.51
29 0.53 0.74 0.91 1.04 1.17 1.25 1.35 1.47 1.59 1.80 1.98 2.21 2.44 2.75
30 0.54 0.75 0.91 1.07 1.22 1.35 1.47 1.59 1.76 1.98 2.17 2.40 2.66 3.00
31 0.51 0.74 0.92 1.10 1.27 1.44 1.59 1.73 1.89 2.08 2.29 2.58 2.93 3.35
32 0.50 0.71 0.93 1.11 1.30 1.47 1.66 1.82 1.97 2.15 2.42 2.79 3.27 3.78
33 0.54 0.76 0.97 1.18 1.38 1.57 1.76 1.92 2.08 2.28 2.60 3.05 3.62 4.15
34 0.58 0.80 1.04 1.24 1.47 1.68 1.89 2.07 2.25 2.50 2.88 3.39 3.96 4.53
35 0.63 0.85 1.09 1.31 1.54 1.79 2.00 2.23 2.49 2.82 3.24 3.75 4.32 4.90
36 0.67 0.89 1.13 1.37 1.62 1.85 2.12 2.45 2.80 3.21 3.63 4.13 4.70 5.32
37 0.71 0.91 1.17 1.42 1.67 1.95 2.30 2.73 3.16 3.57 3.99 4.47 5.09 5.77
38 0.76 1.02 1.29 1.52 1.77 2.11 2.56 3.06 3.53 3.95 4.36 4.86 5.49 6.24
39 0.84 1.14 1.40 1.63 1.92 2.33 2.87 3.38 3.88 4.30 4.72 5.28 5.99 6.78
40 0.90 1.23 1.52 1.79 2.14 2.64 3.19 3.74 4.20 4.67 5.19 5.85 6.60 7.45
41 0.96 1.33 1.70 2.02 2.43 2.98 3.57 4.09 4.59 5.14 5.78 6.52 7.35 8.25
42 1.02 1.49 1.91 2.30 2.75 3.30 3.89 4.46 5.04 5.72 6.45 7.27 8.20 9.26
43 1.08 1.57 2.05 2.48 2.95 3.51 4.16 4.81 5.50 6.28 7.09 8.07 9.21 10.41
44 1.16 1.69 2.17 2.62 3.12 3.73 4.45 5.24 6.02 6.88 7.78 9.05 10.35 11.41
45 1.29 1.81 2.30 2.77 3.34 4.02 4.87 5.74 6.66 7.57 8.69 10.20 11.41 12.25
46 1.42 1.92 2.40 2.91 3.58 4.39 5.30 6.30 7.29 8.35 9.66 11.12 12.25 13.06
47 1.56 2.03 2.51 3.12 3.90 4.78 5.80 6.90 7.97 9.28 10.57 11.94 13.06 14.06
48 1.71 2.20 2.76 3.42 4.21 5.14 6.25 7.45 8.66 10.14 11.34 12.73 14.06 15.47
49 1.83 2.43 3.06 3.78 4.59 5.55 6.72 8.06 9.30 10.73 12.10 13.69 15.45 17.33
[2001 Valuation Basic Table -- Male -- Smoker -- 1000qx (Age Nearest Birthday) (ages 0 - 49) chart continued on this page]
Att
15 16 17 18 19 20 21 22 23 24 25 Ultimate Age
0.39 0.53 0.70 0.88 1.01 1.11 1.17 1.22 1.28 1.34 1.41 1.49 25
0.50 0.67 0.84 0.99 1.08 1.15 1.22 1.28 1.34 1.41 1.49 1.57 26
0.64 0.80 0.95 1.07 1.15 1.22 1.28 1.34 1.41 1.49 1.56 1.66 27
0.78 0.93 1.06 1.15 1.22 1.28 1.34 1.41 1.49 1.54 1.61 1.66 28
0.93 1.06 1.14 1.22 1.28 1.34 1.41 1.49 1.54 1.59 1.61 1.64 29
1.06 1.14 1.22 1.28 1.34 1.41 1.49 1.54 1.56 1.58 1.60 1.62 30
1.14 1.22 1.27 1.33 1.41 1.49 1.51 1.53 1.55 1.57 1.59 1.61 31
1.20 1.27 1.31 1.39 1.47 1.49 1.51 1.53 1.55 1.57 1.59 1.61 32
1.25 1.30 1.38 1.46 1.49 1.51 1.53 1.55 1.57 1.59 1.61 1.65 33
1.29 1.35 1.44 1.49 1.51 1.53 1.55 1.57 1.59 1.61 1.65 1.71 34
1.35 1.42 1.49 1.51 1.53 1.55 1.57 1.59 1.61 1.65 1.71 1.75 35
1.41 1.48 1.51 1.53 1.55 1.57 1.59 1.61 1.65 1.71 1.75 1.85 36
1.48 1.51 1.53 1.55 1.57 1.59 1.61 1.65 1.71 1.75 1.85 1.95 37
1.51 1.53 1.55 1.57 1.59 1.61 1.65 1.71 1.75 1.85 1.95 2.10 38
1.53 1.55 1.57 1.59 1.61 1.65 1.71 1.75 1.85 1.95 2.10 2.25 39
1.55 1.57 1.59 1.61 1.65 1.71 1.75 1.85 1.95 2.10 2.25 2.43 40
1.57 1.59 1.61 1.65 1.70 1.75 1.85 1.95 2.10 2.25 2.43 2.66 41
1.54 1.56 1.65 1.70 1.75 1.84 1.94 2.10 2.25 2.43 2.66 2.94 42
1.56 1.57 1.70 1.74 1.84 1.94 2.10 2.25 2.43 2.66 2.94 3.27 43
1.57 1.64 1.74 1.84 1.94 2.09 2.25 2.42 2.66 2.94 3.27 3.67 44
1.64 1.74 1.84 1.94 2.09 2.25 2.42 2.65 2.94 3.27 3.67 4.09 45
1.69 1.84 1.94 2.09 2.25 2.42 2.65 2.94 3.27 3.67 4.09 4.48 46
1.77 1.94 2.09 2.25 2.42 2.65 2.94 3.27 3.67 4.09 4.48 4.91 47
1.87 2.08 2.25 2.42 2.65 2.94 3.27 3.67 4.06 4.48 4.91 5.13 48
2.01 2.22 2.42 2.65 2.94 3.27 3.66 4.06 4.48 4.87 5.13 5.39 49
2.13 2.41 2.65 2.94 3.27 3.65 4.06 4.48 4.84 5.13 5.39 5.77 50
2.32 2.64 2.94 3.27 3.64 4.06 4.48 4.84 5.13 5.39 5.77 6.24 51
2.53 2.91 3.27 3.63 4.06 4.48 4.83 5.13 5.39 5.77 6.24 6.88 52
2.82 3.23 3.62 4.06 4.48 4.82 5.13 5.39 5.77 6.24 6.88 7.62 53
3.13 3.60 4.06 4.48 4.81 5.13 5.39 5.77 6.24 6.88 7.62 8.55 54
3.44 3.93 4.39 4.80 5.13 5.39 5.77 6.24 6.88 7.62 8.48 9.60 55
3.84 4.32 4.74 5.13 5.39 5.77 6.24 6.88 7.62 8.48 9.38 10.67 56
4.27 4.71 5.12 5.39 5.77 6.24 6.88 7.62 8.48 9.38 10.44 11.80 57
4.63 5.07 5.39 5.77 6.24 6.88 7.62 8.48 9.37 10.44 11.41 12.67 58
5.01 5.39 5.77 6.24 6.88 7.62 8.48 9.37 10.44 11.41 12.25 13.68 59
5.39 5.77 6.24 6.88 7.62 8.48 9.37 10.44 11.41 12.25 13.06 14.92 60
5.77 6.24 6.88 7.62 8.48 9.37 10.44 11.41 12.25 13.06 14.06 16.46 61
6.24 6.88 7.62 8.48 9.37 10.44 11.41 12.25 13.06 14.06 15.47 18.34 62
6.88 7.62 8.48 9.37 10.44 11.41 12.25 13.06 14.06 15.47 17.33 20.43 63
7.62 8.48 9.37 10.44 11.41 12.25 13.06 14.06 15.47 17.33 19.48 22.56 64
8.35 9.36 10.44 11.41 12.25 13.06 14.06 15.47 17.33 19.48 21.62 24.65 65
9.32 10.44 11.41 12.25 13.06 14.06 15.47 17.33 19.48 21.62 23.01 26.65 66
10.44 11.41 12.25 13.06 14.06 15.47 17.33 19.48 21.62 23.01 24.34 28.57 67
11.41 12.25 13.06 14.06 15.47 17.33 19.48 21.62 23.01 24.34 26.19 30.59 68
12.25 13.06 14.06 15.47 17.33 19.48 21.62 23.01 24.34 26.19 28.31 32.57 69
13.06 14.06 15.47 17.33 19.48 21.62 23.01 24.34 26.19 28.31 30.83 34.99 70
14.06 15.47 17.33 19.48 21.62 23.01 24.34 26.19 28.31 30.83 33.98 37.64 71
15.47 17.33 19.48 21.62 23.01 24.34 26.19 28.31 30.83 33.98 37.58 41.30 72
17.33 19.48 21.62 23.01 24.34 26.19 28.31 30.83 33.98 37.58 41.30 44.96 73
19.48 21.62 23.01 24.34 26.19 28.31 30.83 33.98 37.58 41.30 44.96 48.63 74
A-3
Exhibit II
2001 Valuation Basic Table -- Male -- Smoker -- 1000qx (Age Nearest Birthday)
Issue Duration
Age 1 2 3 4 5 6 7 8 9 10 11 12 13 14
50 2.02 2.70 3.41 4.16 4.98 5.97 7.25 8.62 9.88 11.32 12.98 15.05 17.27 19.48
51 2.25 3.05 3.84 4.65 5.46 6.48 7.71 9.09 10.49 12.10 14.19 16.85 19.38 21.62
52 2.50 3.43 4.34 5.17 6.00 6.96 8.20 9.66 11.28 13.30 15.85 18.88 21.48 22.99
53 2.62 3.74 4.76 5.70 6.57 7.58 8.93 10.63 12.47 14.92 17.83 20.97 22.69 24.34
54 2.72 4.05 5.24 6.24 7.13 8.27 9.88 11.89 14.00 16.79 19.79 22.16 24.31 26.19
55 2.85 4.40 5.71 6.72 7.73 9.12 11.06 13.36 15.67 18.53 20.82 23.61 26.19 28.31
56 2.97 4.67 6.08 7.23 8.43 10.16 12.44 15.00 17.41 19.63 22.36 25.53 28.31 30.83
57 3.06 4.90 6.46 7.85 9.35 11.40 13.95 16.63 19.06 21.78 24.91 28.29 30.83 33.98
58 3.30 5.19 6.92 8.59 10.47 12.81 15.47 18.12 20.46 23.55 27.06 30.83 33.98 37.58
59 3.59 5.54 7.48 9.47 11.70 14.27 16.99 19.52 21.77 25.22 29.21 33.98 37.58 41.30
60 3.99 5.99 8.12 10.43 12.99 15.72 18.43 20.90 23.06 26.99 31.62 37.02 41.30 44.96
61 4.46 6.51 8.81 11.38 14.23 17.15 19.85 22.21 24.37 28.92 34.07 39.70 44.96 48.63
62 5.00 7.11 9.57 12.40 15.52 18.62 21.37 23.76 26.03 31.12 36.49 42.20 48.26 52.82
63 5.33 7.81 10.63 13.75 17.03 20.28 23.20 25.80 28.36 33.77 39.28 45.16 51.58 57.47
64 5.56 8.55 11.78 15.18 18.73 22.17 25.34 28.30 31.20 36.85 42.60 48.89 55.90 62.74
65 5.68 9.26 12.96 16.79 20.60 24.29 27.74 31.02 34.31 40.31 46.50 53.41 61.20 68.86
66 5.72 10.29 14.32 18.32 22.57 26.36 29.83 33.24 36.83 43.16 49.92 57.58 66.42 75.84
67 6.03 11.46 15.77 20.01 24.75 28.58 32.10 35.59 39.42 46.20 53.68 62.33 72.23 83.04
68 6.92 12.74 17.40 21.84 26.58 31.09 35.25 39.17 42.91 50.34 58.81 68.52 79.20 91.29
69 7.73 14.16 19.19 23.83 27.33 33.96 37.91 41.46 45.52 53.64 63.02 73.36 85.13 97.48
70 8.61 15.74 21.14 25.98 27.97 36.81 40.17 43.70 51.77 60.88 71.15 82.85 95.23 108.58
71 11.00 17.51 23.29 26.89 32.00 39.04 42.08 48.56 56.13 65.68 76.99 89.04 102.11 116.55
72 14.04 19.46 25.67 30.88 35.81 40.64 45.54 50.64 56.24 66.16 77.41 89.72 103.40 118.75
73 16.29 23.56 29.53 34.38 38.46 42.30 46.35 54.16 57.57 67.31 78.91 91.87 106.48 122.75
74 19.08 25.74 31.95 37.32 41.57 45.07 52.33 56.34 60.20 74.65 89.48 96.73 112.39 129.65
75 22.26 27.08 34.07 40.94 44.50 50.71 55.31 59.98 72.61 88.31 95.76 111.46 128.81 147.67
76 22.42 29.60 36.97 44.06 49.46 54.83 59.86 70.63 87.16 95.29 110.42 128.41 147.44 163.87
77 22.62 31.41 39.87 48.09 54.20 59.74 69.99 86.02 95.07 109.90 124.78 143.71 159.99 178.26
78 23.51 33.08 42.89 53.39 59.62 69.18 84.90 94.85 109.39 121.55 136.23 156.20 175.96 195.12
79 24.75 35.22 46.92 59.50 68.10 83.79 94.63 108.88 119.96 132.64 152.50 173.69 194.47 222.69
80 26.02 38.36 51.99 66.82 82.70 94.41 108.37 118.40 131.13 148.38 169.44 190.16 222.69 235.97
81 27.68 42.41 58.52 75.85 94.19 107.86 116.86 130.23 146.04 164.26 189.53 222.69 235.97 249.66
82 29.99 47.74 66.68 86.63 107.36 115.34 129.33 145.25 161.92 188.90 222.69 235.97 249.66 264.85
83 33.74 54.67 76.47 98.94 113.84 128.44 144.46 159.62 188.27 222.69 235.97 249.66 264.85 277.90
84 39.45 63.29 87.65 112.36 127.56 143.68 157.35 187.64 222.69 235.97 249.66 264.85 277.90 291.56
85 47.19 73.49 100.05 126.68 142.90 155.11 187.02 222.69 235.97 249.66 264.85 277.90 291.56 305.86
86 56.64 85.33 113.87 142.13 152.90 186.40 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83
87 67.57 99.08 129.75 150.73 185.78 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48
88 80.36 115.44 148.59 185.16 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85
89 96.43 135.33 184.55 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99
90 117.67 183.94 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90
91 171.79 219.76 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63
92 210.92 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21
93 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16
94 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56
95 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49
96 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49 539.05
97 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49 539.05 570.31
98 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39
99 320.83 336.48 352.85 369.98 387.90 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38
100 335.8 352.13 369.22 387.11 405.81 425.36 453.79 480.11 507.96 537.42 568.61 601.57 636.47 673.37
[2001 Valuation Basic Table -- Male -- Smoker -- 1000qx (Age Nearest Birthday) (ages 50 - 100) chart continued on this page]
Att
15 16 17 18 19 20 21 22 23 24 25 Ultimate Age
21.62 23.01 24.34 26.19 28.31 30.83 33.98 37.58 41.30 44.96 48.63 52.92 75
23.01 24.34 26.19 28.31 30.83 33.98 37.58 41.30 44.96 48.63 52.82 57.47 76
24.34 26.19 28.31 30.83 33.98 37.58 41.30 44.96 48.63 52.82 57.47 62.74 77
26.19 28.31 30.83 33.98 37.58 41.30 44.96 48.63 52.82 57.47 62.74 68.86 78
28.31 30.83 33.98 37.58 41.30 44.96 48.63 52.82 57.47 62.74 68.86 75.84 79
30.83 33.98 37.58 41.30 44.96 48.63 52.82 57.47 62.74 68.86 75.84 83.27 80
33.98 37.58 41.30 44.96 48.63 52.82 57.47 62.74 68.86 75.84 83.27 91.60 81
37.58 41.30 44.96 48.63 52.82 57.47 62.74 68.86 75.84 83.27 91.60 99.95 82
41.30 44.96 48.63 52.82 57.47 62.74 68.86 75.84 83.27 91.60 99.95 108.66 83
44.96 48.63 52.82 57.47 62.74 68.86 75.84 83.27 91.60 99.95 108.66 118.11 84
48.63 52.82 57.47 62.74 68.86 75.84 83.27 91.60 99.95 108.66 118.11 129.28 85
52.82 57.47 62.74 68.86 75.84 83.27 91.60 99.95 108.66 118.11 129.28 141.51 86
57.47 62.74 68.86 75.84 83.27 91.60 99.95 108.66 118.11 129.28 141.51 154.63 87
62.74 68.86 75.84 83.27 91.60 99.95 108.66 118.11 129.28 141.51 154.63 168.39 88
68.86 75.84 83.27 91.60 99.95 108.66 118.11 129.28 141.51 154.63 168.39 182.58 89
75.84 83.27 91.60 99.95 108.66 118.11 129.28 141.51 154.63 168.39 182.58 196.98 90
83.27 91.60 99.95 108.66 118.11 129.28 140.05 154.55 168.39 182.58 196.98 209.75 91
91.60 99.95 108.66 118.11 129.28 139.33 153.25 167.64 182.51 196.98 209.75 222.69 92
99.95 108.66 118.11 129.28 138.61 151.63 166.06 181.01 196.30 209.75 222.69 235.97 93
108.66 118.11 129.28 137.89 151.34 164.12 179.12 194.47 208.34 222.69 235.97 249.66 94
118.11 129.28 137.18 146.96 163.52 176.82 192.33 206.43 222.69 235.97 249.66 264.85 95
129.28 136.47 144.81 161.64 175.84 189.50 203.78 222.69 235.97 249.66 264.85 277.90 96
135.76 142.69 160.71 172.01 188.09 200.40 222.69 235.97 249.66 264.85 277.90 291.56 97
140.60 159.79 170.12 187.75 198.51 222.69 235.97 249.66 264.85 277.90 291.56 305.86 98
148.35 168.25 185.34 197.73 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 99
167.84 182.95 197.07 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 100
180.59 196.42 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 101
195.77 222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 102
222.69 235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 103
235.97 249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 104
249.66 264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 105
264.85 277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 106
277.90 291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 107
291.56 305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49 108
305.86 320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49 539.05 109
320.83 336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49 539.05 570.31 110
336.48 352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 111
352.85 369.99 387.90 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 112
369.99 387.90 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 113
387.90 406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 114
406.63 430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 115
430.21 455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 116
455.16 481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 117
481.56 509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 118
509.49 539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 119
539.05 570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00 120
570.31 603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00
603.39 638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00
638.38 675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00
675.41 714.58 756.03 799.88 846.27 895.36 947.29 1000.00
712.44 753.75 797.48 843.73 892.66 944.45 999.22
A-4
Exhibit II
2001 Valuation Basic Table -- Female -- Nonsmoker -- 1000qx (Age Nearest Birthday)
Issue Duration
Age 1 2 3 4 5 6 7 8 9 10 11 12 13 14
0 0.41 0.28 0.19 0.13 0.12 0.12 0.12 0.14 0.14 0.14 0.15 0.16 0.20 0.23
1 0.28 0.19 0.12 0.12 0.12 0.12 0.14 0.14 0.14 0.14 0.16 0.20 0.21 0.25
2 0.19 0.12 0.12 0.12 0.12 0.12 0.14 0.14 0.14 0.14 0.18 0.20 0.25 0.27
3 0.12 0.12 0.12 0.12 0.12 0.12 0.14 0.14 0.14 0.17 0.18 0.24 0.27 0.29
4 0.12 0.12 0.12 0.12 0.12 0.12 0.14 0.14 0.16 0.18 0.24 0.26 0.29 0.31
5 0.12 0.12 0.12 0.12 0.12 0.12 0.14 0.15 0.18 0.22 0.26 0.28 0.30 0.31
6 0.12 0.12 0.12 0.12 0.12 0.13 0.15 0.18 0.22 0.26 0.28 0.30 0.31 0.32
7 0.12 0.12 0.12 0.12 0.12 0.15 0.17 0.22 0.26 0.28 0.29 0.30 0.32 0.33
8 0.12 0.12 0.12 0.12 0.13 0.17 0.20 0.25 0.27 0.29 0.30 0.31 0.33 0.33
9 0.12 0.12 0.12 0.13 0.15 0.20 0.25 0.27 0.28 0.29 0.31 0.32 0.33 0.34
10 0.12 0.12 0.13 0.15 0.18 0.24 0.26 0.28 0.28 0.30 0.31 0.32 0.34 0.35
11 0.12 0.13 0.15 0.18 0.24 0.25 0.27 0.28 0.29 0.30 0.31 0.33 0.35 0.35
12 0.13 0.15 0.18 0.24 0.25 0.26 0.27 0.28 0.29 0.30 0.32 0.34 0.35 0.37
13 0.15 0.18 0.24 0.25 0.26 0.26 0.27 0.28 0.29 0.31 0.33 0.34 0.36 0.38
14 0.18 0.24 0.25 0.26 0.26 0.26 0.28 0.28 0.30 0.31 0.33 0.35 0.38 0.40
15 0.24 0.25 0.26 0.26 0.26 0.27 0.28 0.28 0.30 0.31 0.34 0.37 0.39 0.42
16 0.25 0.26 0.26 0.25 0.26 0.27 0.28 0.29 0.31 0.32 0.35 0.38 0.41 0.45
17 0.26 0.26 0.25 0.25 0.26 0.27 0.28 0.30 0.31 0.34 0.37 0.40 0.44 0.47
18 0.25 0.24 0.24 0.25 0.26 0.27 0.28 0.31 0.33 0.36 0.40 0.43 0.47 0.51
19 0.23 0.23 0.24 0.25 0.26 0.27 0.29 0.32 0.35 0.38 0.42 0.46 0.50 0.54
20 0.21 0.22 0.23 0.24 0.25 0.28 0.31 0.34 0.37 0.41 0.45 0.50 0.54 0.57
21 0.19 0.20 0.22 0.24 0.26 0.29 0.33 0.35 0.40 0.43 0.48 0.52 0.57 0.62
22 0.17 0.19 0.22 0.24 0.27 0.31 0.34 0.38 0.42 0.47 0.51 0.56 0.60 0.65
23 0.15 0.18 0.21 0.24 0.28 0.32 0.36 0.41 0.45 0.49 0.54 0.59 0.64 0.69
24 0.14 0.18 0.21 0.25 0.29 0.33 0.38 0.42 0.48 0.52 0.57 0.62 0.67 0.72
25 0.13 0.18 0.21 0.26 0.30 0.35 0.40 0.45 0.50 0.55 0.60 0.64 0.70 0.75
26 0.13 0.18 0.22 0.27 0.31 0.37 0.42 0.46 0.52 0.57 0.62 0.67 0.73 0.78
27 0.14 0.18 0.23 0.28 0.33 0.38 0.43 0.48 0.54 0.59 0.64 0.69 0.76 0.83
28 0.15 0.19 0.24 0.29 0.34 0.39 0.45 0.50 0.55 0.60 0.67 0.73 0.80 0.87
29 0.16 0.21 0.26 0.30 0.35 0.41 0.45 0.52 0.57 0.63 0.69 0.76 0.84 0.93
30 0.17 0.22 0.26 0.32 0.36 0.42 0.47 0.52 0.58 0.66 0.73 0.81 0.90 1.01
31 0.19 0.24 0.28 0.33 0.38 0.43 0.49 0.55 0.61 0.69 0.77 0.87 0.98 1.11
32 0.20 0.24 0.29 0.34 0.39 0.45 0.51 0.57 0.65 0.74 0.84 0.95 1.08 1.22
33 0.21 0.25 0.30 0.35 0.41 0.48 0.55 0.62 0.70 0.81 0.93 1.05 1.20 1.36
34 0.21 0.25 0.30 0.37 0.43 0.50 0.58 0.68 0.77 0.89 1.02 1.17 1.34 1.51
35 0.21 0.26 0.31 0.38 0.45 0.54 0.64 0.75 0.86 0.99 1.14 1.31 1.49 1.70
36 0.21 0.27 0.33 0.41 0.49 0.59 0.70 0.82 0.96 1.11 1.27 1.46 1.67 1.89
37 0.21 0.27 0.34 0.43 0.53 0.65 0.77 0.91 1.06 1.24 1.42 1.63 1.86 2.11
38 0.22 0.29 0.37 0.47 0.58 0.70 0.85 1.00 1.18 1.37 1.58 1.81 2.07 2.34
39 0.23 0.31 0.40 0.52 0.64 0.78 0.94 1.12 1.30 1.52 1.75 2.01 2.29 2.60
40 0.26 0.35 0.45 0.57 0.71 0.86 1.04 1.24 1.45 1.68 1.94 2.22 2.54 2.88
41 0.29 0.39 0.51 0.64 0.79 0.97 1.15 1.36 1.60 1.86 2.15 2.46 2.80 3.18
42 0.32 0.44 0.57 0.72 0.89 1.07 1.29 1.52 1.77 2.06 2.36 2.72 3.09 3.50
43 0.37 0.50 0.65 0.81 1.01 1.21 1.44 1.69 1.97 2.27 2.62 2.99 3.40 3.86
44 0.42 0.56 0.74 0.93 1.13 1.36 1.60 1.88 2.18 2.51 2.89 3.29 3.75 4.24
45 0.47 0.64 0.83 1.04 1.27 1.52 1.79 2.09 2.42 2.78 3.17 3.62 4.11 4.65
46 0.53 0.72 0.94 1.16 1.41 1.69 1.99 2.31 2.67 3.06 3.49 3.98 4.50 5.08
47 0.59 0.80 1.04 1.29 1.57 1.86 2.19 2.54 2.92 3.35 3.82 4.34 4.91 5.53
48 0.66 0.89 1.14 1.42 1.71 2.03 2.38 2.77 3.19 3.65 4.16 4.72 5.34 6.02
49 0.69 0.93 1.25 1.54 1.86 2.20 2.58 2.99 3.44 3.94 4.50 5.11 5.78 6.53
[2001 Valuation Basic Table -- Female -- Nonsmoker -- 1000qx (Age Nearest Birthday) (ages 0 - 49) chart continued on this page]
Att
15 16 17 18 19 20 21 22 23 24 25 Ultimate Age
0.26 0.28 0.31 0.33 0.34 0.36 0.36 0.37 0.38 0.38 0.39 0.39 25
0.28 0.30 0.32 0.33 0.35 0.36 0.37 0.38 0.38 0.38 0.39 0.41 26
0.29 0.32 0.33 0.35 0.35 0.37 0.38 0.38 0.38 0.39 0.40 0.44 27
0.31 0.32 0.34 0.35 0.36 0.37 0.38 0.38 0.39 0.40 0.43 0.45 28
0.32 0.33 0.34 0.36 0.37 0.37 0.38 0.39 0.40 0.43 0.45 0.48 29
0.33 0.34 0.35 0.37 0.37 0.38 0.39 0.40 0.43 0.45 0.48 0.49 30
0.33 0.35 0.36 0.37 0.38 0.39 0.40 0.43 0.45 0.47 0.48 0.52 31
0.34 0.36 0.36 0.38 0.39 0.40 0.43 0.45 0.47 0.48 0.52 0.55 32
0.35 0.36 0.37 0.39 0.40 0.43 0.45 0.47 0.48 0.52 0.54 0.58 33
0.35 0.37 0.39 0.40 0.42 0.45 0.47 0.48 0.52 0.54 0.58 0.63 34
0.36 0.38 0.39 0.42 0.45 0.47 0.48 0.52 0.54 0.58 0.63 0.69 35
0.38 0.39 0.41 0.44 0.47 0.48 0.51 0.54 0.57 0.62 0.68 0.73 36
0.38 0.41 0.44 0.46 0.48 0.51 0.54 0.57 0.62 0.68 0.73 0.80 37
0.40 0.44 0.46 0.48 0.51 0.54 0.57 0.62 0.68 0.73 0.78 0.83 38
0.43 0.46 0.48 0.51 0.54 0.57 0.62 0.68 0.72 0.77 0.82 0.87 39
0.45 0.48 0.51 0.54 0.57 0.62 0.68 0.72 0.77 0.82 0.87 0.92 40
0.48 0.51 0.54 0.57 0.62 0.68 0.72 0.77 0.81 0.87 0.91 0.97 41
0.51 0.54 0.57 0.62 0.68 0.72 0.77 0.81 0.87 0.91 0.97 1.04 42
0.54 0.57 0.62 0.68 0.72 0.77 0.81 0.87 0.91 0.97 1.04 1.12 43
0.57 0.62 0.68 0.72 0.77 0.81 0.87 0.91 0.97 1.04 1.12 1.21 44
0.62 0.68 0.72 0.77 0.81 0.87 0.91 0.97 1.04 1.12 1.21 1.33 45
0.66 0.72 0.76 0.81 0.86 0.91 0.97 1.04 1.12 1.21 1.33 1.47 46
0.70 0.75 0.80 0.86 0.91 0.97 1.04 1.12 1.21 1.33 1.47 1.64 47
0.73 0.79 0.84 0.90 0.97 1.04 1.12 1.21 1.33 1.47 1.64 1.83 48
0.77 0.83 0.88 0.95 1.03 1.12 1.21 1.33 1.47 1.64 1.83 2.04 49
0.80 0.87 0.94 1.02 1.11 1.21 1.33 1.47 1.64 1.83 2.04 2.29 50
0.85 0.92 1.01 1.09 1.21 1.33 1.47 1.64 1.83 2.04 2.29 2.56 51
0.90 0.99 1.08 1.19 1.32 1.47 1.64 1.83 2.04 2.29 2.56 2.88 52
0.96 1.07 1.17 1.31 1.46 1.62 1.83 2.04 2.29 2.56 2.88 3.22 53
1.04 1.15 1.30 1.45 1.61 1.81 2.04 2.29 2.56 2.88 3.22 3.58 54
1.13 1.27 1.43 1.60 1.80 2.02 2.28 2.56 2.87 3.21 3.58 3.96 55
1.25 1.41 1.58 1.79 2.01 2.26 2.55 2.86 3.20 3.57 3.96 4.41 56
1.39 1.56 1.77 1.99 2.24 2.51 2.83 3.18 3.56 3.95 4.40 4.88 57
1.54 1.75 1.97 2.22 2.49 2.80 3.15 3.52 3.94 4.38 4.87 5.39 58
1.72 1.95 2.20 2.47 2.77 3.11 3.49 3.89 4.34 4.82 5.34 5.89 59
1.92 2.17 2.45 2.75 3.08 3.44 3.85 4.30 4.77 5.29 5.83 6.41 60
2.15 2.42 2.73 3.06 3.42 3.81 4.25 4.73 5.23 5.78 6.36 6.97 61
2.39 2.69 3.03 3.39 3.79 4.21 4.68 5.20 5.74 6.31 6.93 7.58 62
2.65 2.99 3.35 3.75 4.18 4.64 5.15 5.69 6.27 6.88 7.53 8.21 63
2.93 3.30 3.71 4.14 4.61 5.11 5.65 6.23 6.84 7.49 8.18 8.90 64
3.24 3.65 4.09 4.56 5.06 5.61 6.19 6.82 7.47 8.16 8.88 9.66 65
3.58 4.03 4.51 5.02 5.57 6.16 6.79 7.45 8.15 8.87 9.65 10.50 66
3.95 4.43 4.95 5.51 6.11 6.75 7.43 8.14 8.87 9.64 10.48 11.42 67
4.35 4.88 5.45 6.06 6.71 7.40 8.12 8.86 9.63 10.47 11.40 12.45 68
4.78 5.35 5.97 6.64 7.35 8.10 8.86 9.63 10.46 11.39 12.41 13.58 69
5.23 5.86 6.55 7.27 8.05 8.86 9.62 10.46 11.37 12.41 13.53 14.84 70
5.72 6.40 7.13 7.93 8.79 9.62 10.46 11.37 12.40 13.52 14.79 16.29 71
6.22 6.96 7.77 8.64 9.59 10.45 11.37 12.40 13.52 14.77 16.24 17.91 72
6.77 7.57 8.44 9.40 10.44 11.37 12.38 13.50 14.77 16.24 17.83 19.67 73
7.35 8.23 9.19 10.24 11.35 12.38 13.50 14.77 16.24 17.83 19.60 21.60 74
A-5
Exhibit II
2001 Valuation Basic Table -- Female -- Nonsmoker -- 1000qx (Age Nearest Birthday)
Issue Duration
Age 1 2 3 4 5 6 7 8 9 10 11 12 13 14
50 0.71 1.03 1.35 1.65 1.99 2.35 2.76 3.20 3.69 4.24 4.84 5.51 6.24 7.06
51 0.76 1.16 1.47 1.77 2.13 2.51 2.94 3.42 3.95 4.54 5.20 5.92 6.73 7.63
52 0.79 1.30 1.59 1.90 2.26 2.66 3.11 3.62 4.20 4.85 5.56 6.36 7.24 8.23
53 0.84 1.39 1.71 2.02 2.39 2.81 3.29 3.84 4.46 5.17 5.95 6.83 7.81 8.90
54 0.88 1.49 1.84 2.15 2.53 2.97 3.48 4.07 4.74 5.50 6.37 7.34 8.43 9.65
55 0.93 1.60 1.98 2.30 2.69 3.15 3.69 4.32 5.05 5.89 6.84 7.92 9.13 10.49
56 1.03 1.72 2.15 2.49 2.89 3.38 3.96 4.64 5.44 6.35 7.40 8.59 9.94 11.48
57 1.09 1.85 2.34 2.69 3.13 3.65 4.28 5.03 5.89 6.89 8.04 9.36 10.86 12.57
58 1.12 1.98 2.53 2.91 3.39 3.97 4.66 5.48 6.42 7.53 8.79 10.25 11.91 13.82
59 1.22 2.10 2.74 3.16 3.68 4.32 5.08 5.98 7.03 8.26 9.66 11.28 13.12 15.22
60 1.28 2.23 2.95 3.40 3.98 4.70 5.55 6.56 7.73 9.09 10.66 12.44 14.52 16.85
61 1.34 2.35 3.15 3.65 4.29 5.09 6.04 7.17 8.50 10.02 11.79 13.79 16.09 18.70
62 1.44 2.49 3.35 3.89 4.60 5.49 6.56 7.83 9.33 11.05 13.04 15.32 17.90 20.83
63 1.61 2.63 3.54 4.12 4.90 5.89 7.10 8.54 10.23 12.20 14.45 17.03 19.94 23.22
64 1.81 3.37 3.75 4.36 5.21 6.31 7.67 9.30 11.22 13.44 16.01 18.94 22.23 25.90
65 2.06 3.58 3.96 4.61 5.54 6.76 8.29 10.14 12.31 14.84 17.76 21.06 24.75 28.92
66 2.16 3.84 4.21 4.90 5.93 7.29 9.02 11.11 13.60 16.46 19.74 23.49 27.67 32.36
67 2.23 4.11 4.48 5.24 6.39 7.93 9.88 12.24 15.03 18.30 22.02 26.22 30.96 36.20
68 2.53 4.41 4.83 5.68 6.96 8.69 10.90 13.57 16.74 20.41 24.60 29.33 34.63 40.49
69 2.85 4.75 5.23 6.19 7.66 9.62 12.10 15.14 18.70 22.83 27.54 32.84 38.73 45.07
70 3.22 5.12 5.71 6.83 8.50 10.74 13.56 16.97 20.99 25.62 30.85 36.77 43.32 49.65
71 3.67 5.55 6.28 7.60 9.54 12.09 15.27 19.12 23.62 28.80 34.64 41.18 48.47 54.62
72 5.55 6.02 6.95 8.52 10.77 13.70 17.31 21.62 26.66 32.43 38.92 46.15 54.13 58.93
73 6.02 6.59 7.75 9.63 12.25 15.58 19.66 24.50 30.12 36.54 43.71 51.68 58.37 65.19
74 6.55 7.28 8.74 10.98 13.99 17.79 22.39 27.81 34.06 41.15 49.06 57.75 64.85 72.03
75 7.13 8.14 9.95 12.59 16.06 20.37 25.53 31.60 38.53 46.37 55.00 64.53 71.88 79.68
76 7.87 9.21 11.41 14.48 18.44 23.29 29.04 35.72 43.34 51.87 61.28 71.64 79.60 88.04
77 8.90 10.60 13.21 16.75 21.21 26.62 33.00 40.35 48.65 58.01 68.25 79.49 87.95 96.77
78 10.27 12.36 15.42 19.44 24.46 30.44 37.47 45.54 54.59 64.77 75.80 87.95 96.77 106.37
79 10.80 14.61 18.12 22.65 28.20 34.84 42.55 51.30 61.16 72.11 84.10 96.67 106.26 116.68
80 12.09 17.41 21.37 26.43 32.56 39.80 48.21 57.72 68.37 80.19 93.00 106.15 116.56 127.99
81 13.63 20.82 25.25 30.81 37.56 45.44 54.52 64.78 76.25 88.96 102.71 116.56 127.99 140.55
82 15.34 24.95 29.82 35.91 43.20 51.73 61.51 72.54 84.85 98.47 113.15 127.86 140.40 154.33
83 17.05 29.79 35.16 41.75 49.62 58.80 69.21 81.02 94.17 108.69 124.33 140.40 154.17 169.29
84 21.22 35.12 41.31 48.38 56.76 66.56 77.74 90.33 104.23 119.54 136.13 154.17 169.29 185.89
85 25.52 41.27 48.30 55.79 64.76 75.10 86.96 100.31 115.04 131.25 148.81 167.85 185.70 203.92
86 33.63 48.25 55.79 64.10 73.51 84.52 97.07 111.07 126.61 143.73 162.26 182.33 203.92 223.68
87 39.43 55.73 64.03 73.30 83.19 94.68 107.87 122.60 138.96 156.97 176.47 197.61 220.17 244.33
88 49.69 64.03 73.22 83.10 93.73 105.76 119.50 134.93 152.09 170.99 191.27 213.44 237.11 262.47
89 61.50 73.22 83.10 93.64 105.06 117.60 131.92 148.05 166.01 185.61 207.02 230.03 254.81 281.38
90 73.22 83.10 93.64 105.06 117.23 130.39 145.31 161.98 180.72 201.18 223.34 247.36 273.27 301.05
91 83.10 93.64 105.06 117.23 130.26 143.91 159.40 176.72 196.02 217.34 240.41 265.46 292.20 321.18
92 93.64 105.06 117.23 130.26 143.91 158.29 174.32 192.27 212.11 234.24 258.24 284.03 312.16 342.04
93 105.06 117.23 130.26 143.91 158.29 173.52 189.88 208.43 229.19 251.92 276.55 303.63 332.56 363.64
94 117.23 130.26 143.91 158.29 173.52 189.62 206.45 225.38 246.83 270.09 295.88 323.66 353.69 385.97
95 130.26 143.91 158.29 173.52 189.62 206.45 223.65 243.11 264.98 289.27 315.66 344.42 375.54 409.03
96 143.91 158.29 173.52 189.62 206.45 223.65 241.65 261.64 284.17 308.92 336.16 365.90 398.12 432.83
97 158.29 173.52 189.62 206.45 223.65 241.65 260.46 280.96 303.82 329.30 357.39 388.10 421.42 457.36
98 173.52 189.62 206.45 223.65 241.65 260.46 280.09 300.78 324.22 350.40 379.34 411.02 445.45 482.63
99 189.62 206.45 223.65 241.65 260.46 280.09 300.24 321.36 345.36 372.24 402.01 434.66 470.20 508.63
100 205.72 223.28 240.85 259.65 279.27 299.72 320.39 341.94 366.5 394.08 424.68 458.3 494.95 534.63
[2001 Valuation Basic Table -- Female -- Nonsmoker -- 1000qx (Age Nearest Birthday) (ages 50 - 100) chart continued on this page]
Att
15 16 17 18 19 20 21 22 23 24 25 Ultimate Age
7.96 8.93 9.99 11.16 12.37 13.50 14.77 16.24 17.83 19.60 21.56 23.75 75
8.61 9.69 10.87 12.17 13.48 14.77 16.24 17.83 19.60 21.56 23.67 26.10 76
9.33 10.52 11.84 13.30 14.73 16.24 17.83 19.60 21.56 23.67 26.02 28.69 77
10.12 11.44 12.94 14.57 16.18 17.83 19.60 21.56 23.67 26.02 28.57 31.55 78
11.01 12.50 14.15 15.99 17.77 19.58 21.54 23.67 26.02 28.57 31.41 34.64 79
12.01 13.70 15.56 17.62 19.52 21.54 23.67 26.02 28.57 31.41 34.53 38.08 80
13.16 15.06 17.17 19.46 21.45 23.65 25.99 28.57 31.41 34.50 37.92 42.85 81
14.47 16.59 18.97 21.38 23.55 25.96 28.54 31.38 34.50 37.88 41.64 48.24 82
15.93 18.33 20.98 23.47 25.86 28.51 31.35 34.46 37.88 41.64 45.78 53.57 83
17.60 20.26 23.23 25.77 28.39 31.32 34.43 37.84 41.60 45.73 50.27 59.45 84
19.48 22.44 25.66 28.30 31.18 34.39 37.80 41.55 45.73 50.27 55.19 66.09 85
21.63 24.93 28.18 31.09 34.25 37.72 41.51 45.64 50.22 55.19 60.68 72.00 86
24.11 27.79 30.95 34.14 37.61 41.42 45.59 50.16 55.14 60.61 66.69 81.13 87
26.90 30.86 33.99 37.49 41.29 45.49 50.06 55.08 60.55 66.62 73.23 90.64 88
30.02 33.89 37.33 41.16 45.35 49.90 54.97 60.49 66.55 73.16 80.42 100.76 89
33.52 37.21 40.99 45.21 49.75 54.79 60.36 66.42 73.08 80.34 88.40 109.94 90
37.17 40.95 45.16 49.70 54.74 60.30 66.35 73.01 80.34 88.31 97.06 114.02 91
40.95 45.12 49.70 54.74 60.24 66.28 72.93 80.25 88.22 97.06 106.59 122.83 92
45.07 49.65 54.68 60.18 66.28 72.93 80.17 88.22 96.96 106.59 117.16 136.28 93
49.65 54.62 60.18 66.21 72.86 80.17 88.22 96.96 106.59 117.16 128.64 153.46 94
54.62 60.18 66.21 72.86 80.17 88.13 96.86 106.48 117.04 128.64 141.40 174.88 95
59.55 65.87 72.63 80.09 88.13 96.86 106.48 116.92 128.51 141.40 155.11 195.08 96
65.53 72.48 79.93 88.13 96.86 106.48 116.92 128.51 141.26 154.95 170.15 215.88 97
72.26 79.84 88.13 96.86 106.48 116.92 128.51 141.26 154.95 169.98 186.45 217.88 98
79.76 88.04 96.77 106.48 116.80 128.38 141.12 154.80 169.98 186.45 204.53 228.37 99
88.04 96.77 106.48 116.80 128.38 141.12 154.80 169.98 186.45 204.53 224.13 245.85 100
96.77 106.37 116.80 128.38 140.97 154.80 169.81 186.26 204.33 224.13 245.85 269.42 101
106.37 116.80 128.25 140.97 154.64 169.81 186.26 204.33 224.13 245.85 269.42 295.54 102
116.68 128.25 140.83 154.64 169.64 186.26 204.33 224.13 245.61 269.42 295.24 323.87 103
128.12 140.83 154.48 169.64 186.07 204.33 224.13 245.61 269.42 295.24 323.22 354.91 104
140.55 154.48 169.47 186.07 204.12 223.91 245.61 269.42 295.24 322.57 354.91 388.35 105
154.33 169.47 186.07 204.12 223.91 245.61 269.42 295.24 322.25 354.91 388.35 422.59 106
169.47 185.89 204.12 223.91 245.61 269.42 295.24 321.60 354.91 388.35 422.59 457.63 107
185.89 204.12 223.91 245.61 269.42 295.24 320.96 354.91 388.35 422.59 457.63 492.87 108
203.92 223.91 245.61 269.15 295.24 320.31 354.91 388.35 422.59 457.63 492.87 529.51 109
223.68 245.61 269.15 295.24 319.98 354.91 388.35 422.59 457.63 492.87 529.51 566.95 110
245.36 269.15 295.24 319.34 354.91 388.35 422.59 457.63 492.87 529.51 566.95 603.00 111
269.15 295.24 318.69 354.91 388.35 422.16 457.17 492.87 529.51 566.95 603.00 638.00 112
289.53 318.30 348.43 380.22 413.65 448.74 485.48 523.87 563.92 603.00 638.00 670.00 113
309.73 339.55 371.11 404.40 439.43 476.21 514.72 554.96 596.95 638.00 670.00 714.50 114
330.39 361.57 394.57 429.40 466.07 504.56 544.89 587.04 631.03 670.00 714.50 756.00 115
351.80 384.34 418.82 455.22 493.55 533.81 575.99 620.10 666.14 714.10 756.00 799.00 116
373.95 407.89 443.86 481.86 521.88 563.94 608.03 654.14 702.29 752.46 799.00 846.00 117
396.85 432.20 469.69 509.31 551.07 594.97 641.00 689.17 739.47 791.91 846.00 889.48 118
420.50 457.27 496.30 537.58 581.10 626.88 674.90 725.17 777.69 832.46 889.48 933.63 119
444.89 483.12 523.71 566.67 611.99 659.68 709.74 762.16 816.95 874.11 933.63 1000.00 120
470.03 509.72 551.90 596.57 643.73 693.38 745.51 800.14 857.25 916.85 1000.00
495.92 537.10 580.89 627.30 676.32 727.96 782.22 839.09 898.58 1000.00
522.56 565.24 610.66 658.84 709.76 763.43 819.86 879.03 1000.00
549.94 594.14 641.23 691.20 744.06 799.80 858.43 1000.00
577.32 623.04 671.8 723.56 778.36 836.17 897
A-6
Exhibit II
2001 Valuation Basic Table -- Female -- Smoker -- 1000qx (Age Nearest Birthday)
Issue Duration
Age 1 2 3 4 5 6 7 8 9 10 11 12 13 14
0 0.41 0.28 0.19 0.13 0.12 0.12 0.12 0.14 0.14 0.14 0.15 0.16 0.20 0.23
1 0.28 0.19 0.12 0.12 0.12 0.12 0.14 0.14 0.14 0.14 0.16 0.20 0.21 0.25
2 0.19 0.12 0.12 0.12 0.12 0.12 0.14 0.14 0.14 0.14 0.18 0.20 0.25 0.27
3 0.12 0.12 0.12 0.12 0.12 0.12 0.14 0.14 0.14 0.17 0.18 0.24 0.27 0.31
4 0.12 0.12 0.12 0.12 0.12 0.12 0.14 0.14 0.16 0.18 0.24 0.26 0.31 0.34
5 0.12 0.12 0.12 0.12 0.12 0.12 0.14 0.15 0.18 0.22 0.26 0.30 0.33 0.37
6 0.12 0.12 0.12 0.12 0.12 0.13 0.15 0.18 0.22 0.26 0.30 0.33 0.37 0.40
7 0.12 0.12 0.12 0.12 0.12 0.15 0.17 0.22 0.26 0.30 0.32 0.36 0.40 0.43
8 0.12 0.12 0.12 0.12 0.13 0.17 0.20 0.25 0.29 0.32 0.36 0.39 0.43 0.46
9 0.12 0.12 0.12 0.13 0.15 0.20 0.25 0.29 0.31 0.35 0.39 0.41 0.46 0.49
10 0.12 0.12 0.13 0.15 0.18 0.24 0.27 0.31 0.34 0.38 0.40 0.44 0.49 0.52
11 0.12 0.13 0.15 0.18 0.24 0.26 0.30 0.34 0.36 0.40 0.43 0.47 0.52 0.55
12 0.13 0.15 0.18 0.24 0.26 0.29 0.33 0.35 0.39 0.42 0.46 0.50 0.55 0.59
13 0.15 0.18 0.24 0.26 0.29 0.31 0.34 0.38 0.40 0.45 0.49 0.53 0.58 0.63
14 0.18 0.24 0.26 0.29 0.30 0.33 0.36 0.39 0.43 0.46 0.52 0.57 0.62 0.67
15 0.24 0.26 0.29 0.30 0.33 0.35 0.38 0.40 0.45 0.49 0.55 0.60 0.66 0.71
16 0.26 0.29 0.30 0.32 0.34 0.37 0.39 0.43 0.48 0.52 0.57 0.64 0.70 0.77
17 0.29 0.30 0.32 0.33 0.35 0.38 0.42 0.46 0.51 0.56 0.62 0.69 0.76 0.83
18 0.29 0.31 0.32 0.34 0.37 0.39 0.44 0.50 0.55 0.60 0.67 0.75 0.82 0.91
19 0.29 0.31 0.33 0.36 0.38 0.42 0.47 0.52 0.59 0.64 0.73 0.81 0.90 0.98
20 0.28 0.30 0.33 0.36 0.40 0.46 0.51 0.56 0.63 0.70 0.79 0.89 0.98 1.06
21 0.26 0.29 0.33 0.37 0.42 0.48 0.55 0.60 0.69 0.76 0.85 0.95 1.04 1.15
22 0.25 0.28 0.34 0.39 0.45 0.51 0.58 0.66 0.75 0.84 0.93 1.03 1.12 1.23
23 0.23 0.28 0.33 0.40 0.47 0.54 0.62 0.71 0.80 0.90 0.99 1.11 1.20 1.31
24 0.22 0.29 0.35 0.42 0.49 0.58 0.66 0.75 0.86 0.96 1.07 1.16 1.28 1.37
25 0.21 0.29 0.36 0.44 0.53 0.61 0.72 0.81 0.92 1.02 1.13 1.22 1.33 1.45
26 0.21 0.29 0.38 0.46 0.55 0.65 0.76 0.85 0.96 1.08 1.19 1.28 1.41 1.53
27 0.23 0.31 0.40 0.48 0.59 0.69 0.78 0.89 1.01 1.12 1.23 1.35 1.48 1.63
28 0.25 0.33 0.42 0.52 0.61 0.71 0.82 0.93 1.05 1.16 1.29 1.43 1.58 1.73
29 0.27 0.37 0.45 0.54 0.65 0.75 0.85 0.98 1.09 1.22 1.35 1.51 1.68 1.87
30 0.30 0.39 0.47 0.58 0.67 0.78 0.89 1.00 1.13 1.28 1.43 1.61 1.81 2.04
31 0.34 0.42 0.51 0.60 0.71 0.82 0.93 1.06 1.19 1.36 1.53 1.74 1.99 2.26
32 0.36 0.44 0.53 0.64 0.73 0.86 0.99 1.12 1.29 1.48 1.69 1.93 2.20 2.51
33 0.38 0.46 0.55 0.66 0.79 0.92 1.06 1.22 1.40 1.63 1.88 2.15 2.47 2.82
34 0.38 0.47 0.58 0.70 0.83 0.98 1.14 1.35 1.56 1.81 2.09 2.42 2.79 3.18
35 0.38 0.49 0.60 0.74 0.89 1.07 1.27 1.50 1.75 2.04 2.36 2.73 3.14 3.59
36 0.39 0.51 0.64 0.80 0.97 1.17 1.41 1.67 1.95 2.28 2.64 3.04 3.51 3.99
37 0.41 0.54 0.68 0.86 1.06 1.30 1.56 1.86 2.18 2.56 2.96 3.41 3.89 4.45
38 0.44 0.58 0.74 0.94 1.18 1.44 1.74 2.07 2.45 2.84 3.29 3.78 4.33 4.92
39 0.48 0.64 0.82 1.06 1.32 1.61 1.95 2.32 2.71 3.18 3.67 4.21 4.79 5.45
40 0.54 0.72 0.94 1.20 1.48 1.81 2.18 2.59 3.04 3.53 4.06 4.65 5.30 6.01
41 0.62 0.82 1.08 1.36 1.67 2.04 2.43 2.88 3.38 3.93 4.51 5.16 5.86 6.61
42 0.70 0.96 1.24 1.56 1.91 2.30 2.75 3.23 3.77 4.36 4.99 5.70 6.45 7.27
43 0.82 1.10 1.42 1.78 2.19 2.62 3.10 3.64 4.21 4.84 5.54 6.28 7.10 7.98
44 0.95 1.27 1.64 2.06 2.49 2.97 3.49 4.07 4.70 5.38 6.12 6.92 7.80 8.75
45 1.09 1.47 1.89 2.34 2.83 3.37 3.93 4.56 5.24 5.97 6.75 7.62 8.56 9.57
46 1.23 1.67 2.14 2.63 3.18 3.76 4.39 5.05 5.79 6.57 7.42 8.34 9.33 10.40
47 1.40 1.88 2.39 2.94 3.55 4.18 4.85 5.57 6.36 7.21 8.10 9.09 10.14 11.28
48 1.58 2.11 2.67 3.28 3.90 4.59 5.31 6.10 6.94 7.84 8.82 9.85 10.99 12.20
49 1.66 2.23 2.94 3.59 4.27 5.00 5.77 6.60 7.51 8.48 9.52 10.65 11.86 13.17
[2001 Valuation Basic Table -- Female -- Smoker -- 1000qx (Age Nearest Birthday) (ages 0 - 49) chart continued on this page]
Att
15 16 17 18 19 20 21 22 23 24 25 Ultimate Age
0.26 0.28 0.33 0.37 0.41 0.45 0.48 0.51 0.54 0.56 0.60 0.64 25
0.28 0.32 0.36 0.40 0.44 0.48 0.51 0.54 0.56 0.59 0.62 0.68 26
0.31 0.36 0.40 0.44 0.46 0.51 0.54 0.56 0.59 0.62 0.67 0.73 27
0.34 0.38 0.42 0.46 0.49 0.53 0.56 0.59 0.62 0.67 0.72 0.77 28
0.38 0.41 0.45 0.49 0.53 0.56 0.59 0.62 0.67 0.72 0.77 0.83 29
0.41 0.45 0.48 0.53 0.56 0.59 0.62 0.67 0.72 0.77 0.83 0.86 30
0.44 0.48 0.51 0.56 0.59 0.62 0.66 0.72 0.76 0.82 0.84 0.94 31
0.47 0.51 0.54 0.59 0.62 0.66 0.72 0.76 0.82 0.84 0.92 1.00 32
0.50 0.54 0.58 0.62 0.66 0.72 0.76 0.82 0.84 0.92 0.99 1.08 33
0.53 0.58 0.62 0.66 0.70 0.76 0.82 0.84 0.92 0.99 1.07 1.17 34
0.56 0.61 0.65 0.70 0.76 0.82 0.84 0.92 0.99 1.07 1.17 1.30 35
0.61 0.65 0.69 0.74 0.82 0.84 0.92 0.98 1.06 1.15 1.28 1.40 36
0.63 0.69 0.74 0.80 0.84 0.92 0.98 1.06 1.15 1.28 1.38 1.53 37
0.67 0.74 0.80 0.84 0.92 0.98 1.06 1.15 1.28 1.38 1.50 1.60 38
0.73 0.80 0.84 0.92 0.98 1.06 1.15 1.28 1.38 1.48 1.58 1.70 39
0.78 0.84 0.92 0.98 1.06 1.15 1.28 1.37 1.47 1.57 1.69 1.80 40
0.84 0.92 0.98 1.06 1.15 1.28 1.37 1.47 1.57 1.69 1.79 1.92 41
0.92 0.98 1.06 1.15 1.28 1.37 1.47 1.57 1.69 1.79 1.91 2.07 42
0.98 1.06 1.15 1.28 1.37 1.47 1.57 1.69 1.79 1.91 2.07 2.24 43
1.06 1.15 1.28 1.37 1.47 1.57 1.69 1.79 1.91 2.07 2.24 2.45 44
1.15 1.28 1.37 1.47 1.57 1.69 1.79 1.91 2.07 2.24 2.45 2.69 45
1.25 1.36 1.46 1.57 1.68 1.79 1.91 2.07 2.24 2.45 2.69 2.96 46
1.33 1.44 1.55 1.67 1.78 1.91 2.07 2.24 2.45 2.69 2.96 3.30 47
1.41 1.52 1.63 1.77 1.91 2.07 2.24 2.45 2.69 2.96 3.30 3.74 48
1.48 1.62 1.73 1.88 2.06 2.24 2.45 2.69 2.96 3.30 3.74 4.23 49
1.56 1.71 1.85 2.02 2.23 2.45 2.69 2.96 3.30 3.74 4.23 4.77 50
1.66 1.82 2.01 2.20 2.45 2.69 2.96 3.30 3.74 4.23 4.77 5.36 51
1.78 1.97 2.18 2.42 2.69 2.96 3.30 3.74 4.23 4.77 5.36 6.00 52
1.92 2.15 2.38 2.67 2.96 3.30 3.74 4.23 4.77 5.36 6.00 6.69 53
2.10 2.35 2.66 2.96 3.30 3.74 4.23 4.77 5.36 6.00 6.69 7.43 54
2.31 2.60 2.96 3.30 3.74 4.23 4.77 5.36 6.00 6.69 7.43 8.22 55
2.57 2.92 3.30 3.74 4.23 4.77 5.36 6.00 6.69 7.43 8.22 9.06 56
2.88 3.27 3.74 4.23 4.77 5.36 6.00 6.69 7.43 8.22 9.06 9.95 57
3.23 3.69 4.19 4.77 5.36 6.00 6.69 7.43 8.22 9.06 9.95 10.81 58
3.63 4.15 4.72 5.36 6.00 6.69 7.43 8.22 9.06 9.95 10.81 11.77 59
4.09 4.68 5.31 6.00 6.69 7.43 8.22 9.06 9.95 10.81 11.77 12.76 60
4.56 5.18 5.87 6.69 7.43 8.22 9.06 9.95 10.81 11.77 12.76 13.78 61
5.05 5.72 6.46 7.43 8.15 9.06 9.95 10.81 11.77 12.76 13.78 14.94 62
5.57 6.31 7.09 7.96 8.89 9.89 10.81 11.77 12.76 13.78 14.94 16.09 63
6.14 6.93 7.77 8.68 9.67 10.73 11.72 12.76 13.78 14.94 16.09 17.30 64
6.76 7.59 8.50 9.47 10.50 11.62 12.66 13.78 14.91 16.09 17.30 18.62 65
7.44 8.33 9.29 10.31 11.40 12.57 13.69 14.87 16.09 17.30 18.62 20.03 66
8.16 9.11 10.12 11.20 12.36 13.56 14.79 16.05 17.30 18.61 20.03 21.61 67
8.94 9.95 11.03 12.18 13.38 14.65 15.94 17.24 18.57 20.00 21.58 23.35 68
9.77 10.85 11.99 13.20 14.48 15.80 17.14 18.48 19.93 21.53 23.27 25.24 69
10.64 11.79 13.02 14.30 15.63 17.01 18.36 19.82 21.44 23.19 25.13 27.35 70
11.56 12.77 14.06 15.44 16.89 18.23 19.70 21.31 23.07 25.02 27.21 29.77 71
12.51 13.80 15.18 16.64 18.20 19.55 21.17 22.94 24.88 27.07 29.58 32.44 72
13.51 14.90 16.35 17.92 19.43 20.99 22.77 24.71 26.91 29.43 32.19 35.32 73
14.58 16.06 17.63 19.32 20.90 22.55 24.44 26.69 29.20 31.98 35.01 38.47 74
A-7
Exhibit II
2001 Valuation Basic Table -- Female -- Smoker -- 1000qx (Age Nearest Birthday)
Issue Duration
Age 1 2 3 4 5 6 7 8 9 10 11 12 13 14
50 1.75 2.50 3.21 3.88 4.60 5.37 6.20 7.10 8.06 9.12 10.23 11.46 12.76 14.17
51 1.87 2.84 3.53 4.20 4.96 5.76 6.65 7.60 8.64 9.76 10.97 12.29 13.71 15.24
52 1.98 3.20 3.86 4.54 5.30 6.14 7.06 8.08 9.21 10.43 11.73 13.15 14.70 16.37
53 2.13 3.47 4.20 4.87 5.65 6.53 7.50 8.58 9.78 11.11 12.53 14.09 15.78 17.60
54 2.27 3.76 4.56 5.23 6.02 6.93 7.98 9.13 10.41 11.83 13.40 15.12 16.97 19.00
55 2.40 4.08 4.96 5.63 6.46 7.40 8.50 9.72 11.11 12.67 14.38 16.27 18.32 20.54
56 2.63 4.30 5.29 5.98 6.82 7.81 8.97 10.28 11.79 13.47 15.34 17.41 19.67 22.16
57 2.72 4.53 5.64 6.35 7.25 8.30 9.54 10.96 12.58 14.40 16.43 18.71 21.22 23.96
58 2.75 4.78 5.99 6.76 7.73 8.87 10.20 11.76 13.51 15.51 17.71 20.19 22.95 25.99
59 2.91 4.97 6.36 7.20 8.22 9.49 10.94 12.64 14.56 16.76 19.20 21.92 24.95 28.27
60 3.00 5.15 6.70 7.60 8.74 10.13 11.75 13.62 15.75 18.18 20.87 23.86 27.20 30.85
61 3.07 5.34 7.01 7.99 9.25 10.78 12.57 14.65 17.05 19.75 22.74 26.07 29.73 33.79
62 3.24 5.51 7.31 8.35 9.71 11.41 13.41 15.74 18.42 21.44 24.79 28.49 32.60 37.09
63 3.55 5.69 7.56 8.67 10.14 12.01 14.24 16.86 19.87 23.29 27.05 31.21 35.79 40.78
64 3.89 7.13 7.83 8.98 10.57 12.62 15.11 18.05 21.44 25.27 29.50 34.18 39.29 44.86
65 4.32 7.42 8.09 9.29 11.02 13.27 16.03 19.32 23.12 27.47 32.20 37.44 43.14 49.34
66 4.44 7.77 8.40 9.64 11.49 13.93 16.96 20.57 24.76 29.50 34.74 40.49 46.75 53.54
67 4.48 8.14 8.74 10.06 12.06 14.73 18.05 22.00 26.57 31.75 37.50 43.79 50.65 58.03
68 4.97 8.53 9.18 10.61 12.78 15.70 19.33 23.65 28.64 34.26 40.52 47.39 54.85 62.81
69 5.49 8.96 9.70 11.28 13.69 16.88 20.84 25.53 30.93 37.02 43.83 51.23 59.31 67.67
70 6.04 9.43 10.31 12.09 14.77 18.29 22.62 27.72 33.57 40.10 47.41 55.43 64.02 71.97
71 6.73 9.96 11.04 13.08 16.09 19.96 24.69 30.20 36.46 43.43 51.28 59.85 69.06 76.47
72 9.91 10.53 11.89 14.26 17.62 21.89 27.03 33.00 39.68 47.06 55.46 64.53 74.25 81.13
73 10.48 11.21 12.89 15.65 19.41 24.11 29.68 36.04 43.16 50.93 59.85 69.45 79.63 84.52
74 11.10 12.04 14.12 17.29 21.48 26.63 32.62 39.42 46.93 55.04 64.43 74.54 84.25 86.41
75 11.76 13.10 15.61 19.22 23.85 29.42 35.83 43.03 50.87 59.32 69.19 79.74 85.59 95.85
76 12.80 14.61 17.64 21.81 27.00 33.19 40.24 48.05 56.56 65.71 76.26 84.77 93.96 98.92
77 14.25 16.56 20.12 24.87 30.69 37.47 45.15 53.62 62.83 72.62 83.99 92.00 98.56 110.66
78 16.20 19.05 23.15 28.45 34.89 42.32 50.61 59.77 69.62 80.18 90.15 98.27 109.58 119.44
79 16.77 22.14 26.82 32.68 39.70 47.74 56.68 66.52 77.08 88.29 97.93 108.49 118.68 129.11
80 17.65 25.98 31.15 37.57 45.14 53.85 63.39 73.84 85.07 96.99 107.43 117.93 128.64 139.54
81 19.71 30.61 36.27 43.20 51.33 60.57 70.74 81.85 93.76 106.39 117.14 128.04 139.15 151.49
82 22.17 36.08 42.17 49.59 58.25 68.01 78.76 90.49 102.98 116.31 127.41 138.76 151.06 162.74
83 24.58 41.11 48.94 56.78 65.87 76.21 87.43 99.70 112.91 126.92 138.33 150.64 162.58 176.12
84 28.58 48.28 56.58 64.75 74.31 85.07 96.79 109.62 123.33 137.99 150.06 162.27 175.78 190.38
85 34.59 56.37 63.65 73.57 83.45 94.62 106.81 120.04 134.45 149.60 162.06 175.30 189.63 205.35
86 45.77 62.50 72.82 83.15 93.33 106.43 117.47 131.18 146.00 161.90 174.86 188.94 205.35 225.03
87 50.17 72.07 82.82 93.21 106.14 117.14 128.63 142.77 158.09 174.56 188.37 203.17 221.49 245.56
88 63.59 82.56 93.06 105.80 116.83 128.40 140.38 154.89 170.68 187.70 202.23 217.94 238.30 263.53
89 79.03 92.98 105.46 116.54 128.21 140.21 152.79 167.66 183.75 201.29 216.58 233.49 255.83 282.50
90 92.83 105.03 116.25 127.89 140.03 152.60 165.59 180.78 197.26 215.12 231.40 249.35 280.10 301.65
91 104.69 115.97 127.68 139.79 152.34 165.32 180.31 194.17 211.00 229.54 246.67 272.37 296.00 321.18
92 115.68 127.46 139.67 152.21 165.03 179.88 193.81 208.12 225.10 244.10 265.22 288.01 312.16 342.04
93 127.25 139.44 151.94 164.74 179.40 193.29 207.46 222.24 239.52 258.98 280.43 303.63 332.56 363.64
94 139.20 151.81 164.45 178.92 192.76 206.97 221.58 236.68 254.25 273.87 295.88 323.66 353.69 385.97
95 151.55 164.16 178.44 192.41 206.59 220.96 235.76 251.15 269.23 289.27 315.66 344.42 375.54 409.03
96 163.87 177.64 191.89 206.02 220.34 235.09 250.36 266.09 284.17 308.92 336.16 365.90 398.12 432.83
97 176.52 190.84 205.45 219.72 234.19 249.64 265.15 280.96 303.82 329.30 357.39 388.10 421.42 457.36
98 189.44 204.11 219.09 233.29 248.91 264.63 280.09 300.78 324.22 350.40 379.34 411.02 445.45 482.63
99 202.40 217.44 232.62 248.18 263.85 280.09 300.24 321.36 345.36 372.24 402.01 434.66 470.20 508.63
100 215.36 230.77 246.15 263.07 278.79 295.55 320.39 341.94 366.5 394.08 424.68 458.3 494.95 534.63
[2001 Valuation Basic Table -- Female -- Smoker -- 1000qx (Age Nearest Birthday) (ages 50 - 100) chart continued on this page]
Att
15 16 17 18 19 20 21 22 23 24 25 Ultimate Age
15.70 17.29 19.00 20.82 22.51 24.18 26.42 28.91 31.64 34.64 37.92 41.62 75
16.89 18.63 20.48 22.46 23.94 26.15 28.61 31.32 34.26 37.51 41.05 45.06 76
18.17 20.07 22.12 23.69 25.88 28.34 31.02 33.91 37.10 40.60 44.41 48.75 77
19.58 21.67 23.44 25.62 28.04 30.71 33.62 36.71 40.15 43.91 48.03 52.71 78
21.17 23.19 25.37 27.76 30.43 33.33 36.44 39.73 43.45 47.49 51.95 57.00 79
22.96 25.10 27.49 30.13 33.04 36.19 39.50 42.98 46.98 51.36 56.14 61.60 80
24.85 27.22 29.87 32.77 35.92 39.28 42.82 46.59 50.90 55.60 60.73 68.21 81
26.95 29.58 32.48 35.67 39.08 42.68 46.56 50.74 55.13 60.18 65.64 75.39 82
29.31 32.19 35.40 38.85 42.54 46.50 50.54 54.99 59.70 65.08 70.94 82.33 83
31.93 35.13 38.62 42.41 46.44 50.37 54.81 59.55 64.64 70.37 76.65 89.79 84
34.88 38.43 42.27 46.38 50.18 54.63 59.35 64.43 69.76 75.77 82.28 97.26 85
38.21 42.12 46.32 50.01 54.45 59.15 64.21 69.52 75.61 81.48 89.55 103.32 86
41.98 46.27 49.85 54.27 58.95 64.00 69.28 75.45 81.25 88.99 95.39 113.27 87
46.19 49.68 54.09 58.80 63.82 69.05 75.30 80.97 88.49 94.77 101.91 123.15 88
49.51 53.91 58.60 63.61 68.81 75.14 80.68 87.93 94.23 101.24 108.73 133.05 89
53.73 58.40 63.39 68.57 74.99 80.46 87.37 93.61 100.56 108.57 116.37 140.84 90
58.20 63.22 68.34 74.83 80.17 86.81 93.07 99.82 108.07 115.83 124.06 141.74 91
63.00 68.10 74.68 79.89 86.31 92.45 99.14 107.33 115.20 123.37 132.07 148.21 92
67.91 73.90 79.60 85.75 91.90 98.47 106.60 114.39 122.58 131.32 140.94 159.17 93
72.96 78.69 84.81 91.29 97.79 105.69 113.49 121.70 130.45 140.35 150.04 173.34 94
77.61 83.69 90.20 97.12 104.54 112.41 121.01 130.13 139.76 149.52 159.59 195.42 95
82.44 88.90 95.85 103.15 111.06 119.43 128.94 139.17 149.00 159.16 172.24 215.44 96
84.80 94.35 101.67 109.53 117.85 126.67 137.16 148.48 158.88 171.15 185.85 235.59 97
87.24 99.95 107.74 115.98 124.84 134.20 145.89 158.45 170.06 183.80 202.91 234.92 98
97.90 105.76 113.91 122.68 132.07 142.00 154.90 168.97 181.75 200.85 218.88 243.25 99
99.28 112.83 121.92 131.48 141.61 154.33 164.30 179.88 196.92 215.60 236.03 258.65 100
111.74 121.06 130.88 141.22 153.91 163.98 179.02 195.80 214.16 234.24 256.19 279.94 101
120.30 130.29 140.83 153.48 163.83 178.51 195.05 213.14 233.11 254.71 278.05 303.22 102
129.70 140.44 152.91 163.67 178.17 194.30 212.52 232.22 253.48 276.70 301.75 328.08 103
140.05 152.48 163.36 177.83 193.74 211.50 231.54 252.74 275.89 300.56 327.11 354.91 104
152.06 163.21 177.32 192.99 210.47 229.97 252.25 275.08 299.97 326.78 354.91 388.35 105
162.89 176.97 192.25 209.45 228.40 250.04 274.81 299.68 326.46 354.91 388.35 422.59 106
176.46 191.69 208.22 226.83 247.82 271.85 299.09 326.14 354.91 388.35 422.59 457.63 107
190.94 207.19 225.48 246.59 270.23 296.72 325.81 354.91 388.35 422.59 457.63 492.87 108
206.17 225.03 246.59 270.23 296.13 324.52 354.91 388.35 422.59 457.63 492.87 529.51 109
225.03 246.59 270.23 296.13 324.52 354.91 388.35 422.59 457.63 492.87 529.51 566.95 110
246.59 270.23 296.13 324.52 354.91 388.35 422.59 457.63 492.87 529.51 566.95 603.00 111
270.23 296.13 324.52 354.91 388.35 422.16 457.17 492.87 529.51 566.95 603.00 638.00 112
290.40 318.94 348.43 380.22 413.65 448.74 485.48 523.87 563.92 603.00 638.00 670.00 113
310.35 339.55 371.11 404.40 439.43 476.21 514.72 554.96 596.95 638.00 670.00 714.50 114
330.39 361.57 394.57 429.40 466.07 504.56 544.89 587.04 631.03 670.00 714.50 756.00 115
351.80 384.34 418.82 455.22 493.55 533.81 575.99 620.10 666.14 714.10 756.00 799.00 116
373.95 407.89 443.86 481.86 521.88 563.94 608.03 654.14 702.29 752.46 799.00 846.00 117
396.85 432.20 469.69 509.31 551.07 594.97 641.00 689.17 739.47 791.91 846.00 889.48 118
420.50 457.27 496.30 537.58 581.10 626.88 674.90 725.17 777.69 832.46 889.48 933.63 119
444.89 483.12 523.71 566.67 611.99 659.68 709.74 762.16 816.95 874.11 933.63 1000.00 120
470.03 509.72 551.90 596.57 643.73 693.38 745.51 800.14 857.25 916.85 1000.00
495.92 537.10 580.89 627.30 676.32 727.96 782.22 839.09 898.58 1000.00
522.56 565.24 610.66 658.84 709.76 763.43 819.86 879.03 1000.00
549.94 594.14 641.23 691.20 744.06 799.80 858.43 1000.00
577.32 623.04 671.8 723.56 778.36 836.17 897
A-8
2001 Valuation Basic Table -- Ultimate Only -- 1000qx (Age Nearest Birthday)
Attained Male Female Attained Male Female
Age Composite Nonsmoker Smoker Composite Nonsmoker Smoker Age Composite Nonsmoker Smoker Composite Nonsmoker Smoker
0 0.90 0.41 60 8.68 7.76 14.92 7.00 6.41 12.76
1 0.49 0.28 61 9.67 8.67 16.46 7.60 6.97 13.78
2 0.32 0.19 62 10.88 9.80 18.34 8.24 7.58 14.94
3 0.20 0.13 63 12.24 11.07 20.43 8.91 8.21 16.09
4 0.14 0.12 64 13.66 12.40 22.56 9.64 8.90 17.30
5 0.14 0.12 65 15.15 13.80 24.65 10.44 9.66 18.62
6 0.15 0.12 66 16.63 15.21 26.65 11.31 10.50 20.03
7 0.15 0.14 67 18.11 16.63 28.57 12.27 11.42 21.61
8 0.15 0.14 68 19.71 18.16 30.59 13.33 12.45 23.35
9 0.16 0.14 69 21.33 19.73 32.57 14.49 13.58 25.24
10 0.16 0.15 70 23.27 21.65 34.99 15.80 14.84 27.35
11 0.20 0.16 71 25.44 23.80 37.64 17.31 16.29 29.77
12 0.26 0.20 72 28.38 26.68 41.30 18.97 17.91 32.44
13 0.31 0.23 73 31.43 29.70 44.96 20.79 19.67 35.32
14 0.39 0.26 74 34.61 32.86 48.63 22.79 21.60 38.47
15 0.53 0.28 75 38.14 36.32 52.92 24.97 23.75 41.62
16 0.66 0.66 0.70 0.31 0.31 0.33 76 41.96 40.08 57.47 27.36 26.10 45.06
17 0.78 0.77 0.88 0.33 0.33 0.37 77 46.42 44.47 62.74 29.98 28.69 48.75
18 0.85 0.83 1.01 0.35 0.34 0.41 78 51.64 49.61 68.86 32.86 31.55 52.71
19 0.89 0.85 1.11 0.37 0.36 0.45 79 57.67 55.56 75.84 36.01 34.64 57.00
20 0.90 0.85 1.17 0.38 0.36 0.45 80 64.23 62.05 83.27 39.46 38.08 61.60
21 0.90 0.85 1.22 0.39 0.37 0.51 81 71.70 69.45 91.60 44.32 42.85 68.21
22 0.91 0.85 1.28 0.40 0.38 0.54 82 79.41 77.12 99.95 49.73 48.24 75.39
23 0.92 0.85 1.34 0.40 0.38 0.56 83 87.67 85.36 108.66 55.11 53.57 82.33
24 0.93 0.85 1.41 0.41 0.39 0.60 84 96.80 94.49 118.11 61.04 59.45 89.79
25 0.95 0.86 1.49 0.42 0.39 0.64 85 107.06 104.68 129.28 67.64 66.09 97.26
26 0.99 0.89 1.57 0.44 0.41 0.68 86 118.42 115.99 141.51 73.54 72.00 103.32
27 1.03 0.93 1.66 0.47 0.44 0.73 87 130.79 128.32 154.63 82.62 81.13 113.27
28 1.02 0.91 1.66 0.49 0.45 0.77 88 143.99 141.51 168.39 92.11 90.64 123.15
29 0.99 0.88 1.64 0.52 0.48 0.83 89 157.86 155.38 182.58 102.19 100.76 133.05
30 0.97 0.86 1.62 0.53 0.49 0.86 90 172.25 169.81 196.98 111.16 109.94 140.84
31 0.95 0.84 1.61 0.57 0.52 0.94 91 185.54 183.19 209.75 115.05 114.02 141.74
32 0.94 0.83 1.61 0.60 0.55 1.00 92 199.31 197.07 222.69 123.82 122.83 148.21
33 0.95 0.84 1.65 0.64 0.58 1.08 93 213.73 211.63 235.97 137.10 136.28 159.17
34 0.97 0.85 1.71 0.69 0.63 1.17 94 228.89 226.96 249.66 154.08 153.46 173.34
35 0.99 0.87 1.75 0.76 0.69 1.30 95 244.81 242.98 264.85 175.58 174.88 195.42
36 1.04 0.91 1.85 0.81 0.73 1.40 96 259.01 257.32 277.90 195.67 195.08 215.44
37 1.09 0.95 1.95 0.88 0.80 1.53 97 274.03 272.49 291.56 216.53 215.88 235.59
38 1.17 1.02 2.10 0.92 0.83 1.60 98 289.92 288.55 305.86 218.32 217.88 234.92
39 1.25 1.09 2.25 0.97 0.87 1.70 99 306.74 305.55 320.83 228.83 228.37 243.25
40 1.34 1.16 2.43 1.02 0.92 1.80 100 324.53 323.54 336.48 246.10 245.85 258.65
41 1.46 1.26 2.66 1.08 0.97 1.92 101 343.35 342.58 352.85 269.69 269.42 279.94
42 1.61 1.39 2.94 1.16 1.04 2.07 102 363.27 362.74 369.99 295.54 295.54 303.22
43 1.78 1.53 3.27 1.25 1.12 2.24 103 384.34 384.06 387.90 323.87 323.87 328.08
44 1.99 1.71 3.67 1.36 1.21 2.45 104 406.63 406.63 406.63 354.91 354.91 354.91
45 2.22 1.91 4.09 1.49 1.33 2.69 105 430.21 430.21 430.21 388.35 388.35 388.35
46 2.44 2.10 4.48 1.64 1.47 2.96 106 455.16 455.16 455.16 422.59 422.59 422.59
47 2.68 2.31 4.91 1.83 1.64 3.30 107 481.56 481.56 481.56 457.63 457.63 457.63
48 2.81 2.42 5.13 2.04 1.83 3.74 108 509.49 509.49 509.49 492.87 492.87 492.87
49 2.96 2.55 5.39 2.28 2.04 4.23 109 539.05 539.05 539.05 529.51 529.51 529.51
50 3.17 2.74 5.77 2.55 2.29 4.77 110 570.31 570.31 570.31 566.95 566.95 566.95
51 3.43 2.97 6.24 2.85 2.56 5.36 111 603.39 603.39 603.39 603.00 603.00 603.00
52 3.79 3.29 6.88 3.19 2.88 6.00 112 638.38 638.38 638.38 638.00 638.00 638.00
53 4.20 3.65 7.62 3.56 3.22 6.69 113 675.41 675.41 675.41 670.00 670.00 670.00
54 4.72 4.11 8.55 3.95 3.58 7.43 114 714.58 714.58 714.58 714.50 714.50 714.50
55 5.34 4.68 9.60 4.37 3.96 8.22 115 756.03 756.03 756.03 756.00 756.00 756.00
56 5.99 5.26 10.67 4.85 4.41 9.06 116 799.88 799.88 799.88 799.00 799.00 799.00
57 6.68 5.89 11.80 5.36 4.88 9.95 117 846.27 846.27 846.27 846.00 846.00 846.00
58 7.24 6.41 12.67 5.91 5.39 10.81 118 895.36 895.36 895.36 889.48 889.48 889.48
59 7.89 7.02 13.68 6.44 5.89 11.77 119 947.29 947.29 947.29 933.63 933.63 933.63
120 1000.00 1000.00 1000.00 1000.00 1000.00 1000.00
A-9
Exhibit IIA
Rider and Miscellaneous Premiums and Allowances
AMERITAS LIFE INSURANCE CORP. Treaty #: 200812.4
================================================================================
Policy Fees:
------------
There are no policy fees.
Flat Extra Reinsurance Premiums (as coinsurance allowances):
------------------------------------------------------------
Flat extra will be the flat extra premium charged the insured (direct premium)
less the coinsurance allowances below.
Temporary Flat Extra ([*] years or less) coinsurance allowance:
[*] all years
Permanent flat extra (more than [*] years) coinsurance allowance:
First year: [*]
Renewal years: [*]
Substandard Premiums:
---------------------
Substandard premiums are standard premiums increased [*] per Table.
Total Disability Rider:
-----------------------
reinsured on a YRT basis using these factors as a percentage of the direct
premiums
Year one: [*]
Renewal years: [*]
Guaranteed Insurability Rider (GIR):
------------------------------------
Year one: [*]
Renewal years: [*]
Scheduled Increase Rider:
-------------------------
Year one: [*]
Renewal years: [*]
Treaty Reference #: 200812.4 29
Exhibit IIB
Percentages of Premium
AMERITAS LIFE INSURANCE CORP. Treaty #: 200812.4
================================================================================
Percentages for non-Rate Capacity face amounts:
Year one: [*]
Renewals (years 2+): below
Advisor VUL and Excel Performance VUL
------- -------- ----------- -------------- ----------- ------------- -------------- -----------
Issue Gender Preferred Preferred NT Select NT Standard NT Preferred TB Standard TB
Age Plus NT
------- -------- ----------- -------------- ----------- ------------- -------------- -----------
0-70 Male [*] [*] [*] [*] [*] [*]
------- -------- ----------- -------------- ----------- ------------- -------------- -----------
0-70 Female [*] [*] [*] [*] [*] [*]
------- -------- ----------- -------------- ----------- ------------- -------------- -----------
71-80 Male [*] [*] [*] [*] [*] [*]
------- -------- ----------- -------------- ----------- ------------- -------------- -----------
71-80 Female [*] [*] [*] [*] [*] [*]
------- -------- ----------- -------------- ----------- ------------- -------------- -----------
Percentages for over rate capacity face amounts:
Apply all years (1+)
Advisor VUL and Excel Performance VUL
------- -------- ----------- -------------- ----------- ------------- -------------- -----------
Issue Gender Preferred Preferred NT Select NT Standard NT Preferred TB Standard TB
Age Plus NT
------- -------- ----------- -------------- ----------- ------------- -------------- -----------
0-60 Male [*] [*] [*] [*] [*] [*]
------- -------- ----------- -------------- ----------- ------------- -------------- -----------
0-60 Female [*] [*] [*] [*] [*] [*]
------- -------- ----------- -------------- ----------- ------------- -------------- -----------
61-70 Male [*] [*] [*] [*] [*] [*]
------- -------- ----------- -------------- ----------- ------------- -------------- -----------
61-70 Female [*] [*] [*] [*] [*] [*]
------- -------- ----------- -------------- ----------- ------------- -------------- -----------
71-80 Male [*] [*] [*] [*] [*] [*]
------- -------- ----------- -------------- ----------- ------------- -------------- -----------
71-80 Female [*] [*] [*] [*] [*] [*]
------- -------- ----------- -------------- ----------- ------------- -------------- -----------
Treaty Reference #: 200812.4 30
Exhibit III
Reporting Layout
AMERITAS LIFE INSURANCE CORP. Treaty #: 200812.4
================================================================================
Treaty Reference #: 200812.4 31
EXHIBIT III
EXTRACT RECORD LAYOUTS
[*]
Proprietary Material
Exhibit IV
Guaranteed Insurability Rider premium table
AMERITAS LIFE INSURANCE CORP. Treaty #: 200812.4
================================================================================
Treaty Reference #: 200812.4 32
EXHIBIT IV
DISABILITY COIR
[*]
