AMENDMENT
AMENDMENT
to the Risk Premium Reinsurance Agreement between the
CENTURY LIFE OF AMERICA of Waverly, Iowa,
hereinafter referred to as the "REINSURED,"
and
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY of Fort Xxxxx, Indiana,
hereinafter referred to as the "LINCOLN,"
effective September 1, 1983.
1. The REINSURED'S plans to be reinsured under the above-mentioned
reinsurance agreement on and after the first day of November, 1986, shall be
those specified in the Appendix I attached hereto.
2. The reinsurance percentages for the REINSURED'S cost of insurance
rates shall be as described in Schedule D, Part VI, attached hereto, and shall
apply to reinsurance of the REINSURED'S UniVers-All Life III Employee Benefits
(Unisex) (Form 2212) plan ceded under the above-mentioned reinsurance agreement
on and after the first day of November, 1986.
3. The REINSURED'S cost of insurance rates for its' Univers-All-III
(Policy Form 2222) described in Revision No. 4 to the above-mentioned
reinsurance agreement shall be extended to include issue ages 76 through 80,
attached hereto, and shall apply to reinsurance ceded under the above-mentioned
reinsurance agreement on and after the first day of November, 1986. The
reinsurance percentages described in Schedule D, Part IV shall apply to such
issue ages.
It is expressly understood and agreed that the provisions of this
amendment shall be subject to all the terms and conditions of the reinsurance
agreement of which this amendment is a part which do not conflict with the terms
hereof.
Revision No. 11
IN WITNESS WHEREOF the parties hereto have caused this amendment to be
executed in duplicate on the dates shown below.
CENTURY LIFE OF AMERICA
By /s/ Xxxxxx X. Xxxxxxx Xx. By /s/ Xxxxx X. Xxxxxxxx
---------------------------- -------------------------
Date March 27, 1987 Date March 27, 1987
--------------------------- ----------------------
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
By /s/ Xxxxx Xxxxxx By /s/ Xxxxxx X. Xxxxxxxx
---------------------------- -------------------------
Vice President Assistant Secretary
Date 4-7-87 Date 4-7-87
--------------------------- -----------------------
APPENDIX I
Insurance Subject to Reinsurance under this Agreement
A. One hundred percent of the REINSURED'S entire excess of its issues of the
following plans bearing register dates in the range shown below to insureds
having surnames beginning with the letters of the alphabet shown below.
Reinsurance Dates Letters
Plan Renewal Basis from through from through
---- ------------- ---- ------- ---- -------
Universal Life Plan 20 Years 9-1-83 -- A K
Univers-All Life II 20 Years 5-1-84 -- A K
Univers-All-III (Form 2222) 10 Years 1-1-86 -- A K
Variable Universal Life
(Form 2221 0985) 10 Years 2-1-86 -- A K
Other Insured Rider 10 Years 2-1-86 -- A K*
Automatic Increase Rider 10 Years 2-1-86 -- A K
UniVers-All Life III Employee
Benefits (Unisex)
(Form 2212) 10 Years 11-1-86 -- A K
B. Continuations of the REINSURED'S issues to any of the plans listed above,
provided the original policy was reinsured with the LINCOLN under this or
another reinsurance agreement.
*Other Insured Rider issues shall be based on the primary insured's surname.
SCHEDULE D, PART VI
(Effective November 1, 1986)
Reinsurance Premium Rates
UniVers-All Life III Employee Benefits (Unisex) (Form 2212)
The reinsurance premium shall be the attached cost of insurance rates charged
the insured per thousand of the net amount at risk times the following
percentages of the cost of insurance charged the insured:
Policy Years
Smoking Status Issue Age 1 2-10 11+
-------------- --------- - ---- ---
Nonsmoker 0-49 0% 68% 83%
50+ 0 65 80
Smoker 0-49 0 85 90
50+ 0 75 85
Substandard Risks
-----------------
The substandard table-extra reinsurance premium shall be the number of tables
assessed the risk times 25% of the attached appropriate standard rates times the
following percentages:
Policy Years
Smoking Status Issue Age 1 2-10 11+
-------------- --------- - ---- ---
Nonsmoker 0-49 0% 68% 83%
50+ 0 65 80
Smoker 0-49 0 85 90
50+ 0 75 85
Waiver of Premium Disability, Payor Benefits and Accidental Death Benefits
--------------------------------------------------------------------------
The premium which the REINSURED charges the insured on the amount reinsured less
total allowances of 75% first year and 10% in renewal years.
Form 2212 Adjustable Life Insurance
Policy Maturing at Age 95
(VA III-5B)
GUAR CURRENT TERM COST PER 1000 CHARGE
TERM STANDARD NONSMOKER (1-10)
AGE COST 1-10 11+ 1-10 11+ STD NS AGE
=== ==== ==== === ==== === === == ===
0 0
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 1.50 1.36 .00 15
16 1.58 1.42 .00 16
17 1.65 1.47 .00 17
18 1.72 1.52 .00 18
19 1.76 1.56 .00 19
20 1.81 1.60 1.60 .00 .00 20
21 1.84 1.64 1.63 .09 .00 21
22 1.87 1.67 1.65 .18 .00 22
23 1.90 1.70 1.67 .29 .00 23
24 1.92 1.72 1.68 .41 .00 24
25 1.95 1.75 1.13 1.70 .79 .51 .00 25
26 1.98 1.79 1.19 1.73 .80 .58 .00 26
27 2.01 1.82 1.25 1.77 .81 .65 .00 27
28 2.05 1.86 1.33 1.80 .82 .72 .00 28
29 2.10 1.90 1.40 1.83 .83 .78 .00 29
30 2.16 1.96 1.49 1.88 .84 .83 .00 30
31 2.22 2.01 1.53 1.92 .85 .87 .00 31
32 2.29 2.07 1.57 1.97 .86 .90 .00 32
33 2.36 2.13 1.63 2.03 .88 .92 .00 33
34 2.45 2.22 1.70 2.08 .89 .94 .00 34
35 2.58 2.33 1.79 2.13 .91 .97 .00 35
36 2.72 2.44 1.90 2.18 .93 .98 .00 36
37 2.90 2.59 2.03 2.25 .95 1.00 .00 37
38 3.13 2.78 2.18 2.36 .99 1.02 .00 38
39 3.39 3.00 2.36 2.47 1.04 1.03 .00 39
40 3.68 3.24 2.57 2.60 1.12 1.04 .00 40
41 4.00 3.51 2.85 2.75 1.22 1.04 .00 41
42 4.53 3.80 3.18 2.92 1.36 1.04 .00 42
43 4.72 4.12 3.52 3.10 1.49 1.04 .00 43
44 3.13 4.48 3.90 3.28 1.65 1.04 .00 44
45 5.59 4.87 4.34 3.49 1.82 1.04 .00 45
46 6.09 3.29 4.78 3.73 2.01 1.04 .00 46
47 6.65 3.76 5.29 3.99 2.23 1.04 .00 47
48 7.27 6.30 3.83 4.29 2.47 1.04 .00 48
49 7.96 6.89 6.42 4.60 2.72 1.04 .00 49
Form 2212 Adjustable Life Insurance
Policy Maturing at Age 95
GUAR CURRENT TERM COST PER 1000 CHARGE
TERM STANDARD NONSMOKER (1-10)
AGE COST 1-10 11+ 1-10 11+ STD NS AGE
=== ==== ==== === ==== === === == ===
50 8.71 7.53 7.06 4.95 3.01 1.04 .00 50
51 9.53 8.18 7.75 5.26 3.35 1.04 .00 51
52 10.42 8.89 8.50 5.59 3.72 1.04 .00 52
53 11.39 9.65 9.31 5.93 4.14 1.04 .00 53
54 12.45 10.49 10.19 6.30 4.59 1.04 .00 54
55 13.60 11.36 11.13 6.66 5.12 1.04 .00 55
56 14.87 12.32 12.12 7.18 5.72 1.04 .00 56
57 16.26 13.32 13.15 7.74 6.41 1.04 .00 57
58 17.79 14.37 14.25 8.36 7.17 1.04 .00 58
59 19.46 15.51 15.45 9.03 8.02 1.04 .00 59
60 21.28 16.75 16.75 9.74 8.98 1.04 .00 60
61 23.26 18.20 18.20 10.64 10.00 1.04 .00 61
62 25.43 19.77 19.77 11.63 11.10 1.04 .00 62
63 27.79 21.49 21.49 12.71 12.35 1.04 .00 63
64 30.38 23.36 23.36 13.90 13.73 1.04 .00 64
65 33.22 25.38 25.38 15.30 15.28 1.04 .00 65
66 36.36 27.55 27.55 16.95 16.94 1.04 .00 66
67 39.82 29.83 29.83 18.76 18.75 1.04 .00 67
68 43.60 32.29 32.29 20.77 20.77 1.04 .00 68
69 47.65 34.98 34.98 23.01 23.00 1.04 .00 69
70 51.91 37.95 37.95 25.50 25.50 1.04 .00 70
71 56.34 41.15* 41.15 28.23* 28.23 71
72 60.89 44.61* 44.61 31.25* 31.25 72
73 65.61 48.39* 48.39 34.58* 34.58 73
74 70.65 52.54* 52.54 38.32* 38.32 74
75 76.16 57.16* 57.16 42.52* 42.52 75
76 82.31 62.30* 62.30 47.12* 47.12 76
77 89.22 67.96* 67.96 52.20* 52.20 77
78 96.93 74.16* 74.16 57.78* 57.78 78
79 105.35 80.95* 80.95 64.04* 64.04 79
80 114.39 88.30 70.99 80
81 123.95 96.23 78.61 81
82 133.92 104.72 86.98 82
83 144.30 113.92 96.14 83
84 155.12 123.91 106.39 84
85 166.47 134.81 117.77 85
86 178.39 146.27 130.12 86
87 191.02 158.43 143.49 87
88 204.57 170.29 157.16 88
89 219.37 180.51 169.43 89
90 235.82 189.21 180.46 90
91 254.44 196.83 190.08 91
92 275.82 206.76 201.72 92
93 300.67 222.17 218.91 93
94 330.70 241.57 239.87 94
* FOR RENEWAL ONLY
UA -III Rates For
Issue Ages 76-80
Cost of Insurance Rates Years 1 -10
-----------------------------------
Male Female
--------------------------------------- ---------------------------------------
Standard per Standard per
Age Standard Nonsmoker 1000 charge Standard Nonsmoker 1000 charge
--- -------- --------- ----------- -------- --------- -----------
76 66.51 50.09 1.10 33.49 26.16 .80
77 72.43 55.40 1.10 36.99 29.37 .80
78 78.91 61.20 1.10 40.89 32.99 .80
79 85.98 67.69 1.10 45.28 37.14 .80
80 93.56 74.85 1.10 50.30 41.91 .80
81 101.72* 82.68* 55.75* 47.20*
82 110.49* 91.31* 61.50* 52.91*
82 119.97* 100.74* 67.79* 59.25*
84 130.22* 111.27* 74.82* 66.42*
85 141.33* 122.90* 82.80* 74.60*
86 152.86* 135.44* 91.70* 33.31*
87 155.09* 148.99* 101.31* 93.89*
88 175.75* 162.58* 111.68* 104.38*
89 186.25* 174.45* 122.82* 116.78*
*For renewal only
Deferred Charges
----------------
Age
---
76 18.60
77 18.95
78 19.25
79 19.50
80 19.70
UARIA11860001.0.0
