Exhibit (g)(39)
AUTOMATIC YRT
REINSURANCE AGREEMENT
BETWEEN
IDS LIFE INSURANCE COMPANY
MINNEAPOLIS, MINNESOTA
(HEREINAFTER REFERRED TO AS THE "CEDING COMPANY")
AND
[NAME OF REINSURANCE COMPANY]
[CITY AND STATE OF REINSURANCE COMPANY]
(HEREINAFTER REFERRED TO AS THE "REINSURER")
EFFECTIVE AUGUST 30, 2005
TREATY # 3310-02
TABLE OF CONTENTS
ARTICLE 1 - PREAMBLE
1.1 Parties to the Agreement
1.2 Entire Agreement
1.3 Compliance
1.4 Good Faith
ARTICLE 2 - AUTOMATIC REINSURANCE
ARTICLE 3 - FACULTATIVE REINSURANCE
ARTICLE 4 - COMMENCEMENT OF LIABILITY
4.1 Automatic Reinsurance
4.2 Facultative Reinsurance
4.3 Conditional Receipt or Temporary Insurance
ARTICLE 5 - REINSURED RISK AMOUNT
ARTICLE 6 - PREMIUM ACCOUNTING
6.1 Premiums
6.2 Payment of Premiums
6.3 Delayed Payment
6.4 Failure to Pay Premiums
6.5 Premium Rates
ARTICLE 7 - REDUCTIONS, TERMINATIONS AND CHANGES
7.1 Reductions and Terminations
7.2 Noncontractual Increases
7.3 Contractual Increases
7.4 Risk Classification Changes
7.5 Reinstatement
ARTICLE 8 - REPLACEMENTS AND CONVERSIONS
8.1 Internal Replacements
8.2 Conversions
8.3 Transition
ARTICLE 9 - CLAIMS
9.1 Notice
9.2 Claim Settlement Process
9.3 Amount and Payment of Reinsurance Benefits
9.4 Contested Claims
9.5 Claim Expenses
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9.6 Misrepresentation or Suicide
9.7 Misstatement of Age or Sex
9.8 Extra Contractual Obligations
ARTICLE 10 - CREDIT FOR RESERVES
ARTICLE 11 - RETENTION LIMIT CHANGES
ARTICLE 12 - RECAPTURE
ARTICLE 13 - GENERAL PROVISIONS
13.1 Currency
13.2 Premium Tax
13.3 Minimum Cession
13.4 Inspection of Records
13.5 Interest Rate
13.6 Notices
13.7 Governing Law
13.8 Survival
13.9 Non-Waiver
13.10 Non-Transferability
13.11 Compliance With Other Laws
ARTICLE 14 - DAC TAX
ARTICLE 15 - OFFSET
ARTICLE 16 - INSOLVENCY
16.1 Insolvency of a Party to this Agreement
16.2 Insolvency of the Ceding Company
16.3 Insolvency of the Reinsurer
ARTICLE 17 - ERRORS AND OMISSIONS
ARTICLE 18 - DISPUTE RESOLUTION
ARTICLE 19 - ARBITRATION
ARTICLE 20 - CONFIDENTIALITY
ARTICLE 21 - SEVERABILITY
ARTICLE 22 - DURATION OF AGREEMENT
ARTICLE 23 - EXECUTION
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EXHIBITS
A - RETENTION LIMITS OF THE CEDING COMPANY
B - PLANS COVERED AND BINDING LIMITS
C - FORMS, MANUALS, AND ISSUE RULES
D - REINSURANCE PREMIUMS
E - SELF-ADMINISTERED REPORTING
F - APPLICATION FOR FACULTATIVE REINSURANCE FORM
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ARTICLE 1
PREAMBLE
1.1 PARTIES TO THE AGREEMENT
This is a Yearly Renewable Term (YRT) agreement for indemnity reinsurance
(the "Agreement") solely between IDS Life Insurance Company (the "Ceding
Company"), an insurance company domiciled in the State of Minnesota, and
[name of reinsurance company], an insurance company domiciled in the
State of [state] (the "Reinsurer"), collectively referred to as the
"parties".
The acceptance of risks under this Agreement will create no right or
legal relationship between the Reinsurer and the insured, owner or
beneficiary of any insurance policy of the Ceding Company.
1.2 ENTIRE AGREEMENT
This Agreement constitutes the entire agreement and supersedes any letter
of intent between the parties with respect to the business reinsured
hereunder. There are no understandings between the parties other than as
expressed in this Agreement. Any change or modification to this Agreement
will be null and void unless made by amendment to this Agreement and
signed by both parties.
1.3 COMPLIANCE
This Agreement applies only to the issuance of insurance by the Ceding
Company in a jurisdiction in which it is properly licensed.
1.4 GOOD FAITH
This Agreement is entered into in reliance on the utmost good faith of
the parties and requires the continuing utmost good faith of the parties,
their representatives, successors and assigns. This includes a duty of
full and fair disclosure of any material information respecting the
formation and continuation of this Agreement and the business reinsured
hereunder. This also includes a duty to provide prompt notice to the
other party in the event the notifying party becomes insolvent as
described in Article 16. Each party represents and warrants to the other
party that it is solvent on a statutory basis in all states in which it
does business or is licensed.
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ARTICLE 2
AUTOMATIC REINSURANCE
2.1 On and after the effective date of this Agreement, the Reinsurer will
automatically accept a portion of the mortality risk on life insurance
policies and riders directly issued by the Ceding Company and listed in
Exhibit B - Plans Covered and Binding Limits. The Reinsurer will
automatically accept its share of mortality risk on the above-referenced
policies and riders within the limits shown in Exhibit B and will not
unreasonably withhold claims payments, provided that the insured is a
resident of the United States or Canada, or meets the requirements for an
International Client, all as set forth in the Ceding Company's Guidelines
For Underwriting International Clients referenced in Exhibit B, and
provided that:
(a) the Ceding Company keeps its retention, as shown in Exhibit A -
Retention Limits of the Ceding Company, and
(b) the policies are underwritten in a manner that is commercially
reasonable and substantially consistent with the Ceding Company's
normal underwriting guidelines and manual, age and amount
requirements, pursuant to the documentation referenced in Exhibit C
- Forms, Manuals and Issue Rules, and
(c) the sum of all amounts in force and applied for on the life with
the Ceding Company, excluding amounts being internally replaced,
does not exceed the Automatic Binding Limits set out in Exhibit B,
and
(d) the amount of life insurance in force in all companies, including
any coverage to be replaced plus the amount currently applied for
on that life in all companies, does not exceed the Jumbo Limit
stated in Exhibit B, and
(e) the application is on a life that has not been submitted
facultatively to the Reinsurer or any other reinsurer within the
last two (2) years, including the current application, unless the
reason for any prior facultative submission was solely for capacity
that may now be accommodated within the terms of this Agreement.
The Ceding Company may not reinsure the amount it has retained on the
business covered under this Agreement, as provided for in Exhibit A, on
any basis without the Reinsurer's written consent; however nothing herein
shall prevent Ceding Company from selling or transferring a block of
business reinsured hereunder to another party by means of reinsurance if
the sale or transfer is otherwise permissible in accordance with Article
13.10 herein.
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ARTICLE 3
FACULTATIVE REINSURANCE
3.1 The Ceding Company may submit any application on a plan or rider
identified in Exhibit B - Plans Covered and Binding Limits, to the
Reinsurer (or any other reinsurer) for its consideration on a facultative
basis.
The Ceding Company will apply for reinsurance on a facultative basis by
sending to the Reinsurer an Application for Facultative Reinsurance,
providing information similar to the example outlined in Exhibit F -
Application for Facultative Reinsurance. Accompanying this application
will be copies of all underwriting 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 also will notify the Reinsurer 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 will be immediately transmitted
to the Reinsurer.
After consideration of the application for facultative reinsurance and
related information, the Reinsurer will promptly inform the Ceding
Company of its underwriting decision. The Reinsurer's offer will expire
at the end of one hundred twenty (120) days, unless otherwise specified
by the Reinsurer in its offer.
If the Ceding Company accepts the Reinsurer's offer, then the Ceding
Company will note its acceptance in its underwriting file and include the
policy on the next billing statement issued to the Reinsurer following
policy activation. Reinsurer agrees the reinsurance offer will be deemed
accepted by Ceding Company at the point in time Ceding Company makes such
notation in its underwriting file in accordance with the Ceding Company's
standard facultative placement procedures.
Changes in plan, contract number, policyowner, or amount of coverage may
be made subsequently by the Ceding Company without obtaining another
offer from the Reinsurer provided such changes are within the amount
approved by the Reinsurer and do not change the underlying risk. Coverage
for any Automatic Increasing Benefit Rider shall be provided in
accordance with this Agreement notwithstanding any notations on the offer
that say "no benefits", "benefits excluded", or words of similar import.
The relevant terms and conditions of the Agreement will apply to those
facultative offers made by the Reinsurer which are accepted by the Ceding
Company. Nothing herein prevents the Ceding Company from retaining the
risk on a policy that was facultatively shopped or placing the policy
with a different facultative reinsurer.
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ARTICLE 4
COMMENCEMENT OF LIABILITY
4.1 AUTOMATIC REINSURANCE
For automatic reinsurance, the Reinsurer's liability will commence at the
same time as the Ceding Company's liability, including liability under
any conditional receipt or temporary insurance provision.
4.2 FACULTATIVE REINSURANCE
For facultative reinsurance, the Reinsurer's liability will commence at
the same time as the Ceding Company's liability, including liability
under any conditional receipt or temporary insurance provision, provided
that the Reinsurer has made a facultative offer and that offer was
accepted in accordance with the terms of this Agreement. Notwithstanding
anything to the contrary in Article 2.1 above, for any application
submitted for facultative consideration to any reinsurer, automatic
reinsurance coverage shall be provided in accordance with the conditional
receipt and temporary insurance provisions of Article 4.3 below, until
such time that facultative coverage with any reinsurer commences in
accordance with the applicable reinsurance agreement between the Ceding
Company and the reinsurer.
4.3 CONDITIONAL RECEIPT OR TEMPORARY INSURANCE
Reinsurance coverage under a conditional receipt or temporary insurance
provision is limited to the Reinsurer's share of amounts within the
conditional receipt or temporary coverage limits shown in Exhibit B -
Plans Covered and Binding Limits. Such coverage includes temporary
insurance where required by law notwithstanding any conditions or
limitations contained in the conditional receipt or temporary insurance
provision.
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ARTICLE 5
REINSURED RISK AMOUNT
5.1 Reinsured risk amounts will be calculated on each policy anniversary;
during a policy year, reinsured risk amounts are adjusted if and only if
there is an increase or decrease in policy specified amount. Reinsured
risk amounts consist of the Reinsured Net Amount at Risk on each policy
or rider as defined below.
Option 1, Base Policy: The Net Amount at Risk is equal to the Death
Benefit minus the Policy Value, where the Death Benefit is the greater of
the Specified Amount or the Policy Value multiplied by the tax corridor.
The Reinsured Net Amount at Risk is defined as the Net Amount at Risk at
the most recent policy anniversary, or subsequent policy change date if
applicable, less the Ceding Company's Retained Share multiplied by the
Reinsurer's Percentage Share as defined in Exhibit B - Plans Covered and
Binding Limits.
Option 2, Base Policy: The Net Amount at Risk is equal to the Death
Benefit minus the Policy Value, where the Death Benefit is the greater of
the Specified Amount plus the Policy Value or the Policy Value multiplied
by the tax corridor. The Reinsured Net Amount at Risk is defined as the
Net Amount at Risk at the most recent policy anniversary, or subsequent
policy change date if applicable, less the Ceding Company's Retained
Share multiplied by the Reinsurer's Percentage Share as defined in
Exhibit B.
Riders: For a Base Insured Rider and Other Insured Rider, the Net Amount
at Risk is the face value of the Rider, which shall be considered the
Specified Amount for purposes of this Agreement. The Reinsured Net Amount
at Risk is defined as the Specified Amount of the Rider at the most
recent policy anniversary, or subsequent policy change date if
applicable, less the Ceding Company's Retained Share multiplied by the
Reinsurer's Percentage Share as defined in Exhibit B.
Increases in the Net Amount at Risk of the Base Policy due to an
Automatic Increasing Benefit Rider, and fluctuations in the Net Amount at
Risk of the Base Policy caused by the normal workings of the Policy
Value, will be shared by the Ceding Company and the Reinsurer on the same
basis as described in Exhibit B.
Terms used in this Article 5, including Option 1 and Option 2, shall be
interpreted in a manner consistent with the policies.
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ARTICLE 6
PREMIUM ACCOUNTING
6.1 PREMIUMS
Reinsurance premium rates for life insurance and other benefits reinsured
under this Agreement (either automatic or facultative) are shown in
Exhibit D - Reinsurance Premiums. Reinsurance premiums will be determined
by applying the reinsurance premium rates to the Reinsured Net Amount at
Risk. The reinsurance premium rates shall be calculated net of allowances
as shown in Exhibit D.
Reinsurance premium rates, including allowances, may not be changed by
the Reinsurer over the duration of this Agreement except as provided in
Article 6.5 below.
Premium adjustments due either party will be calculated and paid in the
event of mid-year policy increases or decreases, terminations, death
claims, and other changes as appropriate.
6.2 PAYMENT OF PREMIUMS
Reinsurance premiums are payable annually in advance. The Ceding Company
will calculate the amount of reinsurance premium due and, within thirty
(30) days after the end of the month, will send the Reinsurer a statement
that contains the information shown in Exhibit E - Self-Administered
Reporting, showing reinsurance premiums due for that period. If an amount
is due the Reinsurer, the Ceding Company will remit that amount together
with the statement. If an amount is due the Ceding Company, the Reinsurer
will remit such amount within fifteen (15) days of receipt of the
statement.
If the Ceding Company overpays a reinsurance premium and the Reinsurer
accepts the overpayment in error, the Reinsurer's acceptance in and of
itself will not create reinsurance liability beyond what is provided for
in this Agreement. If the Ceding Company fails to make a full premium
payment for a policy or policies reinsured hereunder due to an error or
omission as described in Article 17, the amount of reinsurance coverage
provided by the Reinsurer shall not be reduced. However, once the
underpayment is discovered, the Ceding Company will be required to pay to
the Reinsurer the difference between the full premium amount and the
amount actually paid, without interest. If payment of the full premium is
not made within sixty (60) days after the discovery of the underpayment,
the underpayment shall be treated as a failure to pay premiums and will
be subject to Article 6.4 below.
6.3 DELAYED PAYMENT
Premium balances that remain unpaid for more than thirty (30) days after
the Remittance Date will incur interest from the end of the reporting
period. The Remittance Date is defined as
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thirty (30) days after the end of the reporting period. Interest will be
calculated using the index specified in Article 13.5 - Interest Rate.
6.4 FAILURE TO PAY PREMIUMS
The payment of reinsurance premiums is a condition precedent to the
liability of the Reinsurer for reinsurance covered by this Agreement. In
the event that reinsurance premiums are not paid within sixty (60) days
of the Remittance Date, the Reinsurer will have the right to terminate
the reinsurance under all policies having reinsurance premiums in
arrears. If the Reinsurer elects to exercise its right of termination, it
will give the Ceding Company thirty (30) days written notice of its
intention. Such notice will be sent by certified mail in the manner
specified in Article 13.6.
If all reinsurance premiums in arrears, including any that become in
arrears during the thirty (30) day notice period, are not paid before the
expiration of the notice period, the Reinsurer will be relieved of all
liability under those policies as of the last date for which premiums
have been paid for each policy. Reinsurance on policies on which
reinsurance premiums subsequently fall due will automatically terminate
as of the last date for which premiums have been paid for each policy,
unless reinsurance premiums on those policies are paid before their
Remittance Dates.
Terminated reinsurance may be reinstated, subject to approval by the
Reinsurer, and upon payment of all reinsurance premiums in arrears
including any interest accrued thereon. The Reinsurer will have no
liability for any claims incurred between the date of termination and the
date of the reinstatement of the reinsurance. The right to terminate
reinsurance will not prejudice the Reinsurer's right to collect premiums
for the period during which reinsurance was in force prior to the
expiration of the thirty (30) days notice.
The Ceding Company will not force termination under the provisions of
this Article solely to avoid the provisions of Article 12 - Recapture, or
to transfer the reinsured policies to another reinsurer.
6.5 PREMIUM RATES
The maximum reinsurance premium rates which may be charged by the
Reinsurer shall be the statutory valuation premiums for yearly renewable
term insurance at the maximum interest rates and minimum mortality rates
applicable to the reinsured policies for each year of issue as prescribed
by law.
If the Reinsurer increases its premium rates for existing business, the
Ceding Company reserves the right to recapture business affected, in
whole or in part, with no recapture fee, on a basis consistently applied.
In any event, Reinsurer may not increase rates for either new or existing
business until it has given ninety (90) days advance written notice to
Ceding Company. Reinsurer's rate increase or Ceding Company's recapture,
as applicable, shall take
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effect on the anniversary of each policy covered by this Agreement
following the aforementioned ninety (90) day notice period.
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ARTICLE 7
REDUCTIONS, TERMINATIONS AND CHANGES
Whenever a change is made in the status, plan, amount or other material feature
of a policy reinsured under this Agreement, the Reinsurer will, upon receipt of
notification of the change, provide adjusted reinsurance coverage in accordance
with the provisions of this Agreement. The Ceding Company shall advise the
Reinsurer of any such change within sixty (60) days of its effective date.
7.1 REDUCTIONS AND TERMINATIONS
In the event of the reduction, lapse, or termination of a policy or
policies reinsured under this Agreement or any other agreement, the
Ceding Company will, in order to maintain its full retention, reduce or
terminate reinsurance on that life. If there is a reduction on a policy
reinsured under this Agreement, the Ceding Company's Retained Share will
be adjusted, if necessary, and Reinsured Net Amount at Risk will be
recalculated, using the new Specified Amount.
If the reduction is on a policy not reinsured under this Agreement, 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. As a result of such
reductions, to the extent necessary, the Ceding Company will recalculate
the full available retention defined in Exhibit A for each policy
reinsured under this Agreement and recalculate Ceding Company's Retained
Share and Reinsured Net Amount at Risk for the policy.
Reductions in reinsurance under this provision shall be proportionate to
the Reinsurer's share of the total amount of reinsurance on the policy.
7.2 NONCONTRACTUAL INCREASES
If the amount of insurance is increased as a result of a noncontractual
change, the increase will be underwritten by the Ceding Company in
accordance with its customary standards and procedures. The policy will
be reinsured under this Agreement using the total risk amount as adjusted
in accordance with Article 5. For purposes of reinsurance, the original
age and duration of the policy will be used for the total risk amount;
however the underwriting class will be based on the most recent
assessment and may differ from the underwriting classification in effect
prior to the increase. The Reinsurer's approval is required if the
original policy was reinsured on a facultative basis or if the new amount
will cause the total amount on the life to exceed either the Automatic
Binding Limits or the Jumbo Limits shown in Exhibit B - Plans Covered and
Binding Limits.
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7.3 CONTRACTUAL INCREASES
Increases in the Net Amount at Risk of the Base Policy caused by an
Automatic Increasing Benefit Rider shall be reinsured as described in
Article 5 without regard to the Automatic Binding Limits or the Jumbo
Limits shown in Exhibit B, provided that the total of all such increases
to the Specified Amount of a single policy does not exceed [dollar
amount].
7.4 RISK CLASSIFICATION CHANGES
If the policyholder requests a table rating reduction, removal of a flat
extra, or change in smoking status, such change will be underwritten
according to the Ceding Company's normal underwriting practices. For
purposes of reinsurance, the original age and duration of the policy will
be used to calculate reinsurance premiums, but the underwriting class
will be changed if approved by the Ceding Company on a prospective basis
from the date of improvement in risk classification. Risk classification
changes on facultative policies will be subject to the Reinsurer's
approval.
7.5 REINSTATEMENT
If a policy is reinstated in accordance with its terms and in accordance
with Ceding Company rules and procedures, the Reinsurer will, upon
notification of reinstatement, reinstate the reinsurance coverage. If the
policy was facultatively reinsured, approval by the Reinsurer will only
be required prior to the reinstatement of the reinsurance if the Ceding
Company's regular reinstatement rules indicate that more evidence than a
Statement of Good Health is required. Upon reinstatement of the
reinsurance coverage, the Ceding Company will pay the reinsurance
premiums that would have accrued had the policy not lapsed, together with
interest at the same rate as the Ceding Company receives under its
policy, and for the period for which the Ceding Company received premiums
in arrears and interest.
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ARTICLE 8
REPLACEMENTS AND CONVERSIONS
8.1 INTERNAL REPLACEMENTS
A policy issued as an internal exchange or replacement of another policy
(whether or not the original policy was reinsured under this Agreement),
and underwritten by the Ceding Company in accordance with its
underwriting guidelines, standards and procedures for exchanges and
replacements, will be treated and covered as new business under this
Agreement (notwithstanding that suicide and contestability periods may be
applied from the date of the replaced or exchanged policy for coverage up
to the face amount of the replaced or exchanged policy in accordance with
the Ceding Company's exchange guidelines). Reinsurance of any such policy
may be ceded automatically or facultatively under this Agreement
according to the same terms and conditions as apply to other new
business. Reinsurance premium rates will be based on the issue age, issue
date, and underwriting classification of the new policy.
If a policy reinsured under this Agreement is internally exchanged or
replaced with another policy, reinsurance will continue under this
Agreement or, if applicable, any different agreement between the parties
providing reinsurance coverage for the new policy. In that event,
reinsurance premium rates will be based on issue age and duration of the
original policy and underwriting classification of the new policy, and
Reinsurer's share shall be as provided in this Agreement, unless
otherwise indicated in the internal exchange provisions of the
reinsurance agreement that covers the new policy. Notwithstanding the
foregoing, if there is a reinsurance agreement between the parties
providing reinsurance coverage for the new policy and such agreement
treats the policy as new business, then the issue age, duration, and
underwriting classification shall be based on the new policy, and
Reinsurer's share shall be as provided in the reinsurance agreement
covering the new policy.
8.2 CONVERSIONS
Contractual term conversions from Ceding Company's term insurance
policies or riders (such as an Other Insured Rider or Children's
Insurance Rider) to a policy reinsured under this Agreement will be
covered and treated the same as any other new business under this
Agreement except the issue age and issue date of the original term policy
or rider shall apply for purposes of determining reinsurance premium
rates and Reinsurer's share, if any, shall be as provided in any
reinsurance agreement that covered the original term policy or rider.
Notwithstanding the foregoing, contractual term conversions from term
insurance policies or riders less than one year old at time of conversion
will be reinsured as new business under this Agreement based on issue
age, issue date, and underwriting classification of the new policy,
either on an automatic or facultative basis consistent with the original
policy (except in the case of automatic coverage the Reinsurer's share
shall be as provided in this Agreement and in the case of facultative
coverage the Reinsurer's share shall be as provided in the reinsurance
agreement covering the original policy). In any event, contractual
conversions for purposes of
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this paragraph shall not include any increase in the amount ceded to
Reinsurer nor any improvement in underwriting classification, which
instead shall be handled as described in the following paragraph.
In the event a term insurance policyholder seeks to convert to a policy
reinsured under this Agreement and at the same time increase the face
value or specified amount of the policy, or improve the underwriting
classification, if the exchange is agreed to by the Ceding Company, such
exchange shall be treated as an internal replacement and handled in the
manner set forth in the first paragraph of the foregoing Article 8.1
relating to internal replacements.
In the event of a contractual conversion of an Other Insured Rider that
is issued in connection with a policy reinsured under this Agreement,
such conversion shall be treated as an internal replacement and handled
in the manner set forth in the second paragraph of the foregoing Article
8.1 relating to internal replacements.
8.3 TRANSITION
Following introduction of plans covered by this Agreement, as specified
in Exhibit B - Plans Covered and Binding Limits, in any given state, a
policy issued on any existing Ceding Company life plans may be returned
for a policy on the new plans covered under this Agreement without
requiring additional underwriting evidence, if the policyowner's request
for the new policy is made within the original policy's free-look period.
For purposes of this paragraph, the free-look period administered by
Ceding Company will be thirty (30) days. The underwriting class may be
improved in this event only if the insured fully qualifies for the new
class based on the underwriting evidence submitted for the original
application. The new policy shall be treated as new business under this
Agreement and reinsured automatically or facultatively, as applicable,
subject to the terms herein.
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ARTICLE 9
CLAIMS
Claims covered under this Agreement include only death claims, which are those
due to the death of the insured on a policy or rider reinsured under this
Agreement, and any additional benefits specified in Exhibit B - Plans Covered
and Binding Limits, which are provided by the underlying policy and are
reinsured under this Agreement.
9.1 NOTICE
The Ceding Company will advise the Reinsurer, as soon as reasonably
possible, after it receives a notice of a claim on a policy reinsured
under this Agreement. Upon receiving a notice of claim, Ceding Company
shall provide the Reinsurer with a Notice of Reinsurance Claim. The
Notice of Reinsurance Claim will include the insured's name and date of
birth, the policy number, the policy issue date, the Specified Amount,
the risk amount reinsured with the Reinsurer, and the cause and date of
death.
9.2 CLAIM SETTLEMENT PROCESS
For (i) all non-contestable claims whether facultative or automatic and
(ii) all contestable claims covered by automatic reinsurance with a total
death benefit less than or equal to [dollar amount], the Ceding Company
will review and settle such claims without prior approval from or
consultation with the Reinsurer.
For (i) all contestable claims covered by automatic reinsurance with
total death benefits exceeding [dollar amount], (ii) all contestable
claims covered by facultative reinsurance regardless of amount, and (iii)
all claims (whether contestable or non-contestable notwithstanding the
foregoing paragraph) in excess of [dollar amount] in which the death of
the insured occurred in a country other than the United States (including
its territories and possessions) or Canada, the Ceding Company will send
the Reinsurer full underwriting and claims investigation information
prior to payment or admission of liability.
The Ceding Company will wait at least five business days for the
Reinsurer's recommendations before admitting liability or proceeding to
settle the claim. Reinsurer's failure to provide a recommendation within
five business days (or any agreed upon extension) shall be deemed
acceptance of any payment of the claim by the Ceding Company.
In any event, the ultimate authority to pay or deny a claim will rest
solely with the Ceding Company. Failure to follow the Reinsurer's
recommendation will not relieve the Reinsurer of its reinsurance
liability hereunder. The Ceding Company's contractual liability for
policies reinsured under this Agreement is binding on the Reinsurer,
provided that the claim was paid in good faith and the company's standard
practices were followed in the adjudication of the claim.
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Any required consultation or sharing of claims information with the
Reinsurer will not impair the Ceding Company's freedom to determine the
proper action on the claim.
With respect to the five business day period described above during which
the Ceding Company shall await any recommendation of the Reinsurer, the
Reinsurer may request within the five business day period an extension of
an additional ten business days (up to fifteen business days in total) to
provide its recommendation, in which case the Ceding Company shall not
unreasonably withhold approval of such request unless an extension would
cause the Ceding Company to violate any statutory time limit on claims
settlement.
Dollar amounts specified in this Article 9.2 shall be applied on a per
life basis to total specified amounts on policies reinsured under this
Agreement. Nothing in this Article 9 shall be construed as requiring the
Ceding Company to disclose any privileged document or information to the
Reinsurer.
The Ceding Company shall provide a summary of its claim handling process
to the Reinsurer, which Reinsurer acknowledges having received and
approved. Any fundamental change to this process as described in the
summary affecting business reinsured hereunder must be submitted to and
is subject to approval by the Reinsurer.
9.3 AMOUNT AND PAYMENT OF REINSURANCE BENEFITS
As soon as the Ceding Company receives proper claim notice and proof of
claim from a claimant or beneficiary, and the claim has been reviewed and
settled in accordance with the process described in Article 9.2, the
Ceding Company may seek reinsurance benefits by submitting Proof of Claim
to the Reinsurer.
Proof of Claim shall mean proof of payment by the Ceding Company, an
itemized statement of benefits paid by the Ceding Company, and a copy of
the insured's death certificate. Upon receipt of Proof of Claim, the
Reinsurer will promptly pay the reinsurance benefits due the Ceding
Company. The Ceding Company's contractual liability for policies
reinsured under this Agreement is binding on the Reinsurer, provided that
the claim was paid in good faith and the company's standard practices
were followed in the adjudication of the claim.
Notwithstanding the foregoing, the Reinsurer retains the right upon
reasonable notice to request and receive claim papers on any claim for
audit purposes, provided payment of such claims shall not be delayed
pending the audit. Claims shall be paid promptly upon submission of a
proper proof of reinsurance claim subject to the other provisions
contained herein. Reinsurer assures Ceding Company that such requests for
additional documents prior to payment of any claim will be made only
occasionally and not routinely unless warranted by factors such as
suspected fraud or other identifiable concerns. In any event, Reinsurer
shall pay claims covered under this Agreement within thirty (30) calendar
days of receipt of the Proof of Claim.
The total reinsurance recoverable from all reinsurers will not exceed the
Ceding Company's total contractual liability on the policy, less the
amount retained; provided such limitation shall
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not relieve Reinsurer from any liability under Article 9.8 below. The
maximum reinsurance death benefit payable to the Ceding Company under
this Agreement is the risk amount specifically reinsured with the
Reinsurer; provided such maximum shall not relieve Reinsurer from any
liability under Article 9.8 below. The Reinsurer will also pay its
proportionate share of interest that the Ceding Company pays on the death
proceeds until the date of settlement.
Death benefit payments will be made in a single sum, regardless of the
Ceding Company's settlement options.
9.4 CONTESTED CLAIMS
The Ceding Company will promptly advise the Reinsurer of its intention to
contest, compromise, or litigate any claim involving a reinsured policy.
In that event, the Ceding Company will also promptly and fully disclose
to the Reinsurer all relevant claim documentation. Once notified, the
Reinsurer will have five (5) business days to notify the Ceding Company
in writing of its decision to accept participation in the contest,
compromise, or litigation.
If the Reinsurer does not accept participation in such contest,
compromise, or litigation, the Reinsurer must then fulfill its obligation
by paying the Ceding Company its full share of reinsurance and will not
share in any subsequent reduction or increase in liability arising out of
or in connection with the claim.
If the Reinsurer accepts participation, the Reinsurer will share
proportionately in any resulting reduction or increase arising out of or
in connection with the claim. The Ceding Company will keep the Reinsurer
apprised of all significant developments in the claim investigation,
including notification of any legal proceedings against it in response to
a denial of a claim. If litigation has commenced or claimant has made a
demand for an amount exceeding the contract benefits, the Reinsurer may
discharge its liability only by tendering payment of reinsurance proceeds
to the Ceding Company in an amount proportionate to a pending settlement
offer made by the claimant to the Ceding Company.
9.5 CLAIM EXPENSES
The Reinsurer will pay its share of reasonable claim investigation and
legal expenses connected with the investigation, settlement, or
litigation of claims unless the Reinsurer has discharged its liability
pursuant to Article 9.4 above. If the Reinsurer has so discharged its
liability, the Reinsurer will not participate in any expenses incurred
thereafter in connection with the claim.
The Reinsurer will not reimburse the Ceding Company for routine claim and
administration expenses, including the Ceding Company's home office
expenses and any legal expenses other than third party expenses incurred
by the Ceding Company. The Reinsurer will not reimburse 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.
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9.6 MISREPRESENTATION OR SUICIDE
If the Ceding Company returns premium to the policyowner or beneficiary
as a result of misrepresentation or suicide of the insured, the Reinsurer
will refund all reinsurance premiums received on that policy without
interest to the Ceding Company in lieu of any other form of reinsurance
benefit payable under this Agreement; however, the Reinsurer remains
liable to the Ceding Company under the terms of this Agreement in the
event there is litigation, settlement, or other disposition of a claim in
connection with the policy provided the Ceding Company returns the
appropriate premium to the Reinsurer if coverage is found.
9.7 MISSTATEMENT OF AGE OR SEX
In the event of a change in the amount of the Ceding Company's liability
on a reinsured policy due to a misstatement of age or sex, the
Reinsurer's liability will change proportionately. Reinsurance premiums
will be adjusted from the inception of the policy, and any difference
will be settled without interest.
9.8 EXTRA CONTRACTUAL OBLIGATIONS
The Reinsurer will not participate in Punitive Damages or Compensatory
Damages that are awarded against the Ceding Company as a result of an
act, omission, or course of conduct committed solely by the Ceding
Company, its agents, or representatives in connection with claims covered
under this Agreement.
However, the parties recognize that circumstances may arise in which
equity would require the Reinsurer, to the extent permitted by law, to
share proportionately in Extra Contractual Obligations. [terms of
extra-contractual damages redacted]
For purposes of this Agreement, Extra Contractual Obligations includes
Punitive Damages, Compensatory Damages, Statutory Penalties and any other
damages or penalties other than or in addition to payment of policy
benefits. The foregoing terms are defined as follows:
"Punitive Damages" are those damages awarded as a penalty, the amount of
which is neither governed nor fixed by statute.
"Compensatory Damages" are those amounts awarded to compensate for the
actual damages sustained, and are not awarded as a penalty, nor fixed in
amount by statute.
"Statutory Penalties" are those amounts awarded as a penalty, but are
fixed in amount by statute.
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ARTICLE 10
CREDIT FOR RESERVES
10.1 The Parties intend that the Ceding Company will receive statutory reserve
credit in its state of domicile for the insurance risks ceded to the
Reinsurer. The Parties agree to make all reasonable efforts to ensure
that this is accomplished. The Ceding Company does not expect to receive
statutory reserve credit for any necessary deficiency reserves.
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ARTICLE 11
RETENTION LIMIT CHANGES
11.1 The Ceding Company reserves the right to change its retention limits as
shown in Exhibit A - Retention Limits of the Ceding Company, in which
case it will provide the Reinsurer with written notice of the intended
changes ninety (90) days in advance of their effective date. The Ceding
Company may increase the percentage used to determine its Retained Share
under this Agreement, its Per Life Retention Limit, or both.
A change to the Ceding Company's retention limits will not affect the
reinsured policies in force except as provided for in Article 12.
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ARTICLE 12
RECAPTURE
12.1 Whenever the Ceding Company, pursuant to Article 11, increases its
retention limits over the retention limits set forth in Exhibit A -
Retention Limits of the Ceding Company, the Ceding Company has the option
to recapture certain risk amounts. If the Ceding Company has maintained
its stated retention for the plan and the insured's age, sex, and
mortality classification on an automatic risk, or at least the lesser of
its Per Life Retention Limit or [percentage] on a facultative risk, it
may apply its increased retention limits to reduce the amount of
reinsurance in force as follows:
(a) The Ceding Company must give the Reinsurer ninety (90) days
written notice prior to its intended date of recapture.
(b) The reduction of reinsurance on affected policies will become
effective on the policy anniversary date immediately following the
notice of election to recapture; however, no reduction will be made
until a policy has been in force for a duration of at least thirty
(30) years.
(c) If any reinsured policy is recaptured, all reinsured policies
eligible for recapture under the provisions of this Article must be
recaptured up to the Ceding Company's new retention limits in a
consistent manner and the Ceding Company must increase its total
amount of insurance retained on each reinsured life. The Ceding
Company may not revoke its election to recapture for policies
becoming eligible at future anniversaries.
Recapture for a policy may occur at different times because of different
duration requirements under various reinsurance agreements. For a policy
subject to recapture from the Reinsurer that has met the duration
requirement in clause (b) above, the revised Reinsured Net Amount at Risk
shall be determined using Ceding Company's Retained Share as if the
policy were eligible for recapture from all reinsurers who have a share
of the risk on that policy (or who had a share of risk on that policy
prior to an earlier recapture). For a policy not yet subject to recapture
from the Reinsurer because of an unattained duration requirement,
Reinsured Net Amount at Risk will continue being determined using Ceding
Company's Retained Share as provided for in Exhibit A as if the policy
were not eligible for recapture by any of the reinsurers who have or had
a share of the risk on the policy.
The amount of reinsurance eligible for recapture is based on the Net
Amount at Risk as of the date of recapture. For a policy issued as a
result of an exchange or conversion, the policy date and current duration
of the new policy and the recapture provisions under this Agreement will
be used.
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Following the effective date of recapture, the Reinsurer will not be
liable for any reinsured policies or portions of such reinsured policies
eligible for recapture that the Ceding Company has overlooked
inadvertently.
If the Ceding Company transfers business that is reinsured under this
Agreement to a successor ceding company, then the successor ceding
company has the option to recapture the reinsurance in accordance with
the recapture criteria outlined in this Article, but only if the
successor ceding company has or adopts a higher maximum retention limit
than that applicable to the block of business subject to recapture.
The terms and conditions for the Ceding Company to recapture reinsured
policies, as made necessary by the insolvency of the Reinsurer, are set
forth in Article 16.3 - Insolvency of the Reinsurer. The terms and
conditions for the Ceding Company to recapture reinsured policies as a
result of rate actions taken by the Reinsurer are set forth in Article
6.5 - Premium Rates.
No recapture will be permitted if the Ceding Company has either obtained
or increased stop loss reinsurance coverage as justification for the
increase in retention limits.
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ARTICLE 13
GENERAL PROVISIONS
13.1 CURRENCY
All payments and reporting by both parties under this Agreement will be
made in United States dollars.
13.2 PREMIUM TAX
The Reinsurer will not reimburse the Ceding Company for premium taxes.
13.3 MINIMUM CESSION
There are no minimum initial automatic cession limits under this
Agreement.
13.4 INSPECTION OF RECORDS
The Reinsurer and the Ceding Company, or their duly authorized
representatives, will have the right to inspect original papers, records,
and documents (excluding any document or information that is privileged)
relating to the business reinsured under this Agreement. Such access will
be provided during regular business hours at the office of the inspected
party.
13.5 INTEREST RATE
If, under the terms of this Agreement, interest is accrued on amounts due
either party, such interest will be calculated using the ninety (90) day
Federal Government Treasury Xxxx rate as reported in the Wall Street
Journal in the month following the end of the billing period plus fifty
(50) basis points. The method of calculation will be simple interest
"Bankers' Rule" (or three hundred sixty (360) day year).
13.6 NOTICES
Notices made by either party for purposes of Articles 6, 11, 12, 16, 18,
19, and 22 (or for the purpose of changing the address or addressee
information contained in this Article 13.6) shall be in writing and
signed by an authorized officer of the notifying party. Such notices
shall be deemed to have been duly given on the date of delivery, if
delivered personally, or on the date postmarked if sent by certified
mail. Notice must be properly addressed as follows:
(a) The Ceding Company:
Xxxxxxx Xxxxxxx
Reinsurance Officer
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000 Xxxxxxxxxx Xxxxxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000
(b) The Reinsurer:
[name of reinsurance company]
General Counsel
[address, city and state of reinsurance company]
All other communications between the parties under this Agreement may be
effected by authorized personnel by telephone, electronic mail, facsimile
transmission, written correspondence or other commercially reasonable and
customary means of communication.
13.7 GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the
laws of the State of Minnesota notwithstanding any state's choice of law
rules to the contrary. In the event it should become necessary for the
Ceding Company to seek enforcement of an arbitration award or decision
through legal process as provided for in Article 19 below, the Reinsurer
agrees to submit to the jurisdiction of any court of competent
jurisdiction within the United States and will comply with all
requirements necessary to give such court jurisdiction with respect to
the matters arising hereunder.
13.8 SURVIVAL
All provisions of this Agreement will survive its termination to the
extent necessary to carry out the purposes of this Agreement or to
ascertain and enforce the parties' rights and obligations hereunder
existing at the time of termination.
13.9 NON-WAIVER
No waiver by either party of any violation or default by the other party
in the performance of any promise, term, or condition of this Agreement
will 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 dealing between the
parties will be deemed to establish any custom or usage waiving or
modifying any provision hereof. The failure of either party to enforce
any part of this Agreement will not constitute a waiver by such party of
its right to do so, nor will it be deemed to be an act of ratification or
consent.
13.10 NON-TRANSFERABILITY
Reinsure may sell, transfer or assign its rights and obligations under
this Agreement to another insurance company without permission from the
Ceding Company only if the successor insurance company has one of the
following claims-paying ability ratings, or higher, from the
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indicated rating agency and is not on a negative outlook or otherwise
subject to a caution issued by the rating agency: Standard and Poors AA;
Xxxxx'x Aa3. Except as provided in the foregoing sentence, Reinsurer may
not sell, transfer or assign its rights or obligations under this
Agreement to any other person or entity without the prior written consent
of the Ceding Company. The foregoing shall not be construed to limit the
ability of the Reinsurer to retrocede reinsurance on an indemnity basis.
Ceding Company may sell, transfer, or assign business reinsured hereunder
to another insurance company without permission from the Reinsurer only
if the successor company has one of the following claims-paying ability
ratings, or higher, from the indicated rating agency: Standard and Poors
A; Xxxxx'x A2; or AM Best A. Except as provided in the foregoing
sentence, Ceding Company may not sell, transfer or assign the business
reinsured hereunder to any other person or entity without the prior
written consent of the Reinsurer, which consent shall not be unreasonably
withheld.
13.11 COMPLIANCE WITH OTHER LAWS
It is the intention of the Ceding Company and the Reinsurer to comply
with all applicable laws, statutes, regulations and rules. The Ceding
Company is responsible for compliance with all such laws, statutes,
regulations and rules applicable to the sale and solicitation of policies
reinsured under this Agreement including, but not limited to, the
requirements of the USA PATRIOT Act and the United States Department of
the Treasury's Office of Foreign Asset Control (hereinafter referred to
as "OFAC"). Should either party receive information that a policy
reinsured under this Agreement may insure or be owned, transferred or
payable to or be brokered or sold by a Specially Designated National
(hereinafter referred to as "SDN"), as such term is defined by OFAC, that
party shall provide such information to the other party. In no event
shall the Reinsurer be liable for reinsurance unless the issuance of
insurance by the Ceding Company met the OFAC regulatory requirements. No
reinsurance claim shall be payable on a policy insuring, owned by or
payable to a SDN that does not hold a valid OFAC license.
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ARTICLE 14
DAC TAX
14.1 The parties to this Agreement agree to the following provisions pursuant
to Section 1.848-2(g)(8) of the Income Tax Regulations (26 C.F.R.).
(a) The term 'party' refers to either the Ceding Company or the
Reinsurer, as appropriate.
(b) The terms used in this Article are defined by reference to
Regulation 1.848-2.
(c) 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)(l).
(d) 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.
(e) The Ceding Company will submit a schedule to the Reinsurer by
April 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. The Reinsurer may contest such calculation by providing an
alternative calculation to the Ceding Company in writing within
thirty (30) days of the Reinsurer's receipt of the Ceding
Company's calculation. If the Reinsurer does not so advise the
Ceding Company within the required timeframe, the Reinsurer will
report the net consideration as determined by the Ceding Company
in the Reinsurer's tax return for the previous calendar year.
(f) If the Reinsurer 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 the Reinsurer submits its alternative calculation. If the
Ceding Company and the Reinsurer 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. In the
event that the parties fail to reach an agreement, the Ceding
Company's calculation shall be used in the event the difference
between the calculations results in net consideration that is less
than [dollar amount]. In the event that the parties do not reach
an agreement and the difference in calculations of net
considerations is [dollar amount] or greater, the parties agree
that the determination shall be made by an outside accounting firm
to be agreed upon by both parties that is not the current auditor
of either company. The decision of the accounting firm shall be
final.
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(g) The election made by this Article shall be effective in the first
taxable year for which the Agreement is in effect. Each party
agrees to attach a schedule to its federal income tax return for
the first year in which the election is effective that identifies
this Agreement as one for which an election is made under Section
1.848-2(g)(8).
(h) Both the Ceding Company and the Reinsurer 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.
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ARTICLE 15
OFFSET
15.1 Any debts or credits, in favor of or against either the Reinsurer 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.
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ARTICLE 16
INSOLVENCY
16.1 INSOLVENCY OF A PARTY TO THIS AGREEMENT
A party to this Agreement will be deemed insolvent when it:
(a) applies for or consents to the appointment of a receiver,
rehabilitator, conservator, liquidator or statutory successor of
its properties or assets; or
(b) is adjudicated as bankrupt or insolvent; or
(c) files or consents to the filing of a petition in bankruptcy, seeks
reorganization or takes advantage of any bankruptcy, dissolution,
liquidation or similar law or statute; or
(d) becomes the subject of an order to rehabilitate or an order to
liquidate as defined by the insurance code of the jurisdiction of
the party's domicile.
16.2 INSOLVENCY OF THE CEDING COMPANY
In the event of the insolvency of the Ceding Company, all reinsurance
payments will be payable directly to the liquidator, rehabilitator,
receiver, or statutory successor of the Ceding Company, without
diminution because of the insolvency, for those claims allowed against
the Ceding Company by any court of competent jurisdiction or by the
liquidator, rehabilitator, receiver or statutory successor having
authority to allow such claims.
In the event of insolvency of the Ceding Company, the liquidator,
rehabilitator, receiver, or statutory successor will give written notice
to the Reinsurer of all pending claims against the Ceding Company on any
policies reinsured within a reasonable time after such claim is filed in
the insolvency proceeding. While a claim is pending, the Reinsurer may
investigate and interpose, at its own expense, in the proceeding where
the claim is adjudicated, any defense or defenses that it may deem
available to the Ceding Company or its liquidator, rehabilitator,
receiver, or statutory successor.
The expense incurred by the Reinsurer will be chargeable, subject to
court approval, against the Ceding Company as part of the expense of
liquidation to the extent of a proportionate share of the benefit that
may accrue to the Ceding Company solely as a result of the defense
undertaken by the Reinsurer. Where two or more reinsurers are
participating in the same claim and a majority in interest elect to
interpose a defense or defenses to any such claim, the expense will be
apportioned in accordance with the terms of this Agreement as though such
expense had been incurred by the Ceding Company.
The Reinsurer will be liable only for its proportionate share of the
amounts reinsured and will not be or become liable for any amounts or
reserves to be held by the Ceding Company on policies reinsured under
this Agreement.
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16.3 INSOLVENCY OF THE REINSURER
In the event of the Reinsurer's insolvency and upon giving written notice
to the Reinsurer, the Ceding Company may, at its option, immediately
terminate this Agreement with respect to the reinsurance of new business
and may recapture all of the business reinsured by the Reinsurer under
this Agreement.
Any recapture fee will be mutually agreed upon by the Ceding Company and
the Reinsurer, its rehabilitator, conservator, liquidator or statutory
successor.
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ARTICLE 17
ERRORS AND OMISSIONS
17.1 If through unintentional error, oversight, omission, or misunderstanding
in the administration of this Agreement (collectively referred to as
"errors"), the Reinsurer or the Ceding Company fails to comply with the
terms of this Agreement and if, upon discovery of the error by either
party, the other is promptly notified and corrective action is promptly
taken, each thereupon will be restored to the position it would have
occupied if the error had not occurred, including interest. It is
understood, however, that interest will not be included when routine
underpayments or overpayments of reinsurance premiums are discovered and
promptly corrected according to the terms of this Agreement.
If it is not possible to restore each party to the position it would have
occupied but for the error, the parties will endeavor in good faith to
promptly resolve the situation in a manner that is fair and reasonable,
and most closely approximates the intent of the parties as evidenced by
this Agreement.
However, the Reinsurer will not provide reinsurance for policies that do
not satisfy the parameters of this Agreement, nor will the Reinsurer be
responsible for grossly negligent or deliberate acts in administration by
the Ceding Company. If either party discovers that the other party has
failed to cede or accept reinsurance as provided in this Agreement, or
failed to comply with its reporting requirements, the party at fault may
be requested to audit its records for similar errors and to take the
actions necessary to rectify the situation and avoid similar errors in
the future.
It is understood Ceding Company may make corrections regarding individual
policies ceded to Reinsurer, provided such corrections are reflected in
the monthly reports described in Exhibit E - Self-Administered Reporting
on the report of changes and terminations or other appropriate
transaction report.
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ARTICLE 18
DISPUTE RESOLUTION
18.1 In the event of a dispute, the parties agree to the following process of
dispute resolution. Within fifteen (15) days after the Reinsurer or the
Ceding Company 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.
If the officers cannot resolve the dispute within thirty (30) days of
their first meeting, the dispute will be submitted to formal arbitration,
unless the parties agree in writing to extend the negotiation period for
an additional thirty (30) days.
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ARTICLE 19
ARBITRATION
19.1 It is the intention of the Reinsurer and the Ceding Company that the
customs and practices of the life insurance and reinsurance industry will
be given full effect in the operation and interpretation of this
Agreement. The parties agree to act in all matters with the highest good
faith. However, if the Reinsurer and the Ceding Company cannot mutually
resolve a dispute that arises out of or relates to this Agreement, and
the dispute cannot be resolved through the dispute resolution process
described in Article 18 - Dispute Resolution, the dispute will be decided
through arbitration as a precedent to any right of action hereunder.
To initiate arbitration, either the Ceding Company or the Reinsurer 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.
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. 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 XXXXX-U.S (the XXXX Reinsurance & Insurance Arbitration
Society).
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.
The arbitrators will base their decision on the terms and conditions of
this Agreement and the customs and practices of the life insurance and
reinsurance industries rather than on strict interpretation of the law.
The decision of the arbitrators will be made by majority rule and will be
submitted in writing. 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.
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Unless the arbitrators decide otherwise, 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.
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 32
ARTICLE 20
CONFIDENTIALITY
20.1 The Ceding Company and the Reinsurer agree that Customer and Proprietary
Information belonging to the other party will be treated as confidential.
Customer Information includes, but is not limited to, medical, financial,
and other personal information about proposed, current, and former
policyowners, insureds, applicants, and beneficiaries of policies issued
by the Ceding Company. Proprietary Information includes, but is not
limited to, business plans and trade secrets, mortality and lapse
studies, underwriting manuals and guidelines, applications and contract
forms, and the specific terms and conditions of this Agreement.
Customer and Proprietary Information will not include information that:
(a) is or becomes available to the general public through no fault of
the party receiving the Customer or Proprietary Information (the
"Recipient");
(b) is independently developed by the Recipient;
(c) is acquired by the Recipient from a third party not covered by a
confidentiality agreement; or
(d) is disclosed under a court order, law or regulation.
The parties will not disclose Customer and Proprietary Information
belonging to or received from the other party, to any other parties
unless agreed to in writing, except as necessary for retrocession
purposes, as requested by external auditors, as required by court order,
or as required or allowed by law or regulation. In no event will
information pertaining to the policyholders, insureds and clients of the
Ceding Company be disclosed to a third party by Reinsurer if such
disclosure would constitute or cause a violation of state or federal
privacy laws.
The Ceding Company acknowledges that the Reinsurer can aggregate data
with other companies reinsured with the Reinsurer for its own internal
purposes. However, the Reinsurer shall not disclose or release the
aggregate data to any third party in a manner that would allow, directly
or indirectly, identification of the Ceding Company or any specific
policyholder based on name, address, social security number, or other
personally identifiable information or characteristic.
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 33
ARTICLE 21
SEVERABILITY
21.1 If any provision of this Agreement is determined to be invalid or
unenforceable, such determination will not impair or affect the validity
or the enforceability of the remaining provisions of this Agreement.
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 34
ARTICLE 22
DURATION OF AGREEMENT
22.1 This Agreement is unlimited as to its duration. The Ceding Company or the
Reinsurer 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.
During the notification period, the Ceding Company will continue to cede
and the Reinsurer will continue to accept policies covered under the
terms of this Agreement. Reinsurance coverage on all reinsured policies
will remain in force until the termination or expiry of the policies or
until the contractual termination of reinsurance under the terms of this
Agreement.
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 35
ARTICLE 23
EXECUTION
23.1 This Agreement is effective as of August 30, 2005 and applies to all
eligible policies with issue dates on or after such date, and to eligible
policies applied for on or after such date that were backdated to save
age for up to six (6) months. This Agreement has been made in duplicate
and is hereby executed by both parties.
[NAME OF REINSURANCE COMPANY] [NAME OF REINSURANCE COMPANY]
By: /s/ Xxxxxxx X. Xxxxxxxx By: [signature]
--------------------------------------------- ---------------------------------------------
(signature) (signature)
Xxxxxxx X. Xxxxxxxx [name]
--------------------------------------------- ---------------------------------------------
(print or type name) (print or type name)
Title: President Title: [title]
--------------------------------------------- ---------------------------------------------
Date: 12/30/05 Date: December 23, 2005
------------------------------------------- --------------------------------------------
Location: Minneapolis, MN Location: [city and state of reinsurance company]
------------------------------------------- --------------------------------------------
Attest: /s/ Xxxxxxx X. Xxxxxxxx Attest: [signature]
(signature) (signature)
Title: Reinsurance Officer Title: [title]
--------------------------------------------- ---------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 36
EXHIBIT A
RETENTION LIMITS OF THE CEDING COMPANY
A.1 LIFE INSURANCE
--------------------------------------
Issue Age Per Life Retention
Limit (All Ratings)
--------------------------------------
[ages] [dollar amount]
--------------------------------------
[ages] [dollar amount]
--------------------------------------
For purposes of determining Per Life Retention on automatically ceded
business, Ceding Company will retain [percentage] of the Specified Amount
of any base policy or rider up to the Per Life Retention Limit as
specified in the above chart. Calculation of Retained Share, in cases
where the Per Life Retention Limit is reached, is explained below.
In determining whether the Per Life Retention Limit has been reached for
any insured life, retained amounts on all in force single life coverages
(and one-half of the retained amounts on joint life coverages) issued by
the Ceding Company, except for the VUL III plan, will be added together
to determine the Ceding Company's available retention for policies
reinsured under this Agreement; such retained amounts to be determined
based on records maintained by the Ceding Company. The Ceding Company's
retention will be filled in the following order: (i) in force policies
other than VUL III issued prior to the issuance of the Base Policy (the
policy reinsured under this Agreement); (ii) the Base Policy; (iii) Base
Insured Rider, if any; (iv) policies issued subsequent to the issuance of
the Base Policy. The Per Life Retention Limit applies to risk retained by
the Ceding Company regardless of whether the policies on the life are
reinsured on an automatic or facultative basis.
Retained Share means that portion of the Net Amount at Risk which is not
ceded to reinsurers. Retained Share for automatic business shall mean the
amount produced by the following formula: [(a divided by b) times c]
where:
"a" equals [percentage] of the Specified Amount up to the amount that
would cause Ceding Company to exceed its Per Life Retention Limit;
"b" is the Specified Amount; and
"c" is the Net Amount at Risk.
Retained Share for facultative cessions will be determined by the same
formula but the percentage used in the calculation shall be determined by
the Ceding Company on a case-by-
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 A-1
case basis at the time of issue, provided the amount retained is not
inconsistent with the terms of the facultative offer accepted by the
Ceding Company. For facultative policies, it is understood the Ceding
Company may at its option retain an amount more or less than its normal
retention as described above, unless otherwise specified in the
Reinsurer's facultative offer.
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 A-2
EXHIBIT B
PLANS COVERED AND BINDING LIMITS
The business reinsured under this Agreement is defined as follows:
B.1 PLANS AND RIDERS
Policies issued on plans with effective dates on or after the
Commencement Date shown below qualify for reinsurance under the terms of
this Agreement. It is understood that policies may be backdated to save
age by up to six (6) months from the date shown below.
COMMENCEMENT
PLAN IDENTIFICATION DATE
----------------------------------------------------------------------
VUL-IV (Form 30061 with endorsements 132024 Aug. 30, 2005
and 130701)
RIDERS:
Automatic Increasing Benefit Rider (AIBR) Aug. 30, 2005
(Form 30965)
Base Insured Rider (BIR) (Form 132023) Aug. 30, 2005
Other Insured Rider (OIR) (Form 30450) Aug. 30, 2005
Exchange of Insured Rider (EOI) (Form 132114)
It is understood and agreed the Agreement also covers other policy form
and endorsement numbers for the above plans that may vary for specific
states.
B.2 BASIS
Cessions may be automatic, capacity facultative, or non-capacity
facultative. Only mortality risk will be reinsured under this Agreement.
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 B-1
Automatic cessions shall be on a first dollar quota share basis with the
Ceding Company retaining its Retained Share as described in Exhibit A.
For automatic cessions, Net Amount at Risk in excess of the Retained
Share will be ceded to a pool of reinsurers, subject to the Automatic
Binding Limits and Jumbo Limits set forth herein.
Reinsurer's Percentage Share for purposes of calculating the Reinsured
Net Amount at Risk is [percentage]. Reinsured Net Amount at Risk is as
defined in Article 5.
Facultative cessions will be negotiated on a case-by-case basis. Ceding
Company at its discretion may submit any policy for facultative
consideration rather than automatic cession or in cases where automatic
capacity has been exhausted. For facultative cessions, the Ceding
Company's Retained Share and the Reinsured Net Amount at Risk shall be
determined in the manner described in Exhibit A.
Reinsurer may choose not to provide a facultative quote if the proposed
policy face amount is under [dollar amount] for an applicant under age 70
(under [dollar amount] if applicant is age 70 or over). However,
Reinsurer will honor any facultative offer made, and any subsequent
reduction in proposed or actual face amount will not affect the validity
of a facultative offer made by or facultative coverage placed with the
Reinsurer.
B.3 AUTOMATIC BINDING LIMITS
Life
-----------------------------------------------------------------------
Issue Age Standard - Table D Table E - H Table I - P
-----------------------------------------------------------------------
[ages] [dollar amount] [dollar amount] [dollar amount]
-----------------------------------------------------------------------
[ages] [dollar amount] [dollar amount] [dollar amount]
-----------------------------------------------------------------------
[ages] [dollar amount] [dollar amount] [dollar amount]
-----------------------------------------------------------------------
The Ceding Company may not cede reinsurance automatically if the sum of
all amounts in force and applied for on the same life with the Ceding
Company, excluding amounts being internally replaced, exceeds the above
Automatic Binding Limits. These Automatic Binding Limits include any
amounts within the Ceding Company's retention.
Increased policy amounts elected under the terms of the Automatic
Increasing Benefit Rider will not be taken into account for automatic and
jumbo limits, provided that the total of all increases to the Specified
Amount of a single policy cannot exceed [dollar amount].
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 B-2
If an applicant has existing joint life coverage inforce with Ceding
Company, the full face amount of the joint life policy will be included
in the total inforce risk on the life for the purposes of the application
of automatic and jumbo limits.
Starting February 1, 2006, with respect to professional athletes, if an
individual applicant meets all other requirements for automatic
reinsurance and is a player or coach on a National Hockey League,
National Football League, National Basketball Association or Major League
Baseball team, prior to ceding the risk under this Agreement, the Ceding
Company must confirm Reinsurer's available capacity for that risk. The
Ceding Company, by telephone or electronic mail, shall: (1) notify the
Reinsurer's Chief Underwriter or designate of the applicant's name, date
of birth, sport and team affiliation, total insurance in-force and to be
placed, and face amount required from the Reinsurer; and (2) confirm that
the risk has completed an application for insurance. The Reinsurer shall
inform the Ceding Company in writing of its available capacity for the
risk within two business days. After the Reinsurer has advised its
available capacity, the Ceding Company may cede no more than that amount
on an automatic basis.
B.4 JUMBO LIMITS
-------------------------------------------
Issue Age Jumbo Limit
-------------------------------------------
[ages] [dollar amount]
-------------------------------------------
[ages] [dollar amount]
-------------------------------------------
The Ceding Company will not cede any risk automatically if, according to
information available to the Ceding Company, the total amount in force
and applied for on the life with all insurance companies, including any
amount to be replaced, exceeds the applicable amounts shown above.
B.5 CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT
The Reinsurer's liability will not exceed its proportionate share of
a) [dollar amount], or
b) [dollar amount] if the amount is ordered by court of competent
jurisdiction or the result of a settlement with the beneficiary.
B.6 CESSION LIMITS
Minimum Initial Cession: None.
B.7 INTERNATIONAL RISKS
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 B-3
Ceding Company may automatically cede risk on any international client in
accordance with the eligibility criteria and application requirements set
forth in the Ceding Company's "Guidelines for Underwriting International
Clients". The parties acknowledge that the guidelines in use as of the
effective date have been supplied to and approved by the Reinsurer.
The Ceding Company will promptly notify the Reinsurer of any proposed
material changes in its "Guidelines for Underwriting International
Clients". This Agreement will not extend to policies issued pursuant to
such changes unless the Reinsurer has consented in writing to accept
policies subject to such changes.
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 B-4
EXHIBIT C
FORMS, MANUALS, AND ISSUE RULES
C.1 The parties affirm that Ceding Company's retention schedule, underwriting
guidelines, issue rules, premium rates and policy forms applicable to the
reinsured policies and in use as of the effective date have been supplied
to and accepted by the Reinsurer.
The Ceding Company will promptly notify the Reinsurer of any proposed
material changes in its underwriting guidelines. This Agreement will not
extend to policies issued pursuant to such changes unless the Reinsurer
has consented in writing to accept policies subject to such changes.
It is the Ceding Company's responsibility to ensure that its practices
and applicable forms are in compliance with current Medical Information
Bureau (MIB) guidelines.
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 C-1
EXHIBIT D
REINSURANCE PREMIUMS
D.1 PREMIUMS AND ALLOWANCES
Plans covered under this Agreement will be reinsured on a YRT basis.
Reinsurance premium rates per $1000 Net Amount at Risk shall equal the
2001 Valuation Basic Mortality (VBT) ALB Select and Ultimate rates, as
modified by the Ceding Company and expressed in the table attached hereto
as Schedule D-l, less the following allowances:
For durations one to thirty years:
---------------------------------------------------------------------------------------------
Total Preferred Standard
Specified Super Non- Non- Preferred Standard
Amount Preferred tobacco tobacco Tobacco Tobacco
---------------------------------------------------------------------------------------------
Under Male
$100,000 ----------------------------------------------------------------------------
Female
---------------------------------------------------------------------------------------------
$100,000- Male
$249,999 ----------------------------------------------------------------------------
Female
---------------------------------------------------------------------------------------------
$250,000- Male
$999,999 ----------------------------------------------------------------------------
Female
---------------------------------------------------------------------------------------------
$1,000,000- Male
$4,999,999 ----------------------------------------------------------------------------
Female
---------------------------------------------------------------------------------------------
Over $5 Male
million ----------------------------------------------------------------------------
Female
---------------------------------------------------------------------------------------------
For durations beyond thirty years:
---------------------------------------------------------------------------------------------
Total Preferred Standard
Specified Super Non- Non- Preferred Standard
Amount Preferred tobacco tobacco Tobacco Tobacco
---------------------------------------------------------------------------------------------
Under Male
$100,000 ----------------------------------------------------------------------------
Female
---------------------------------------------------------------------------------------------
$100,000- Male
$249,999 ----------------------------------------------------------------------------
Female
---------------------------------------------------------------------------------------------
$250,000- Male
$999,999 ----------------------------------------------------------------------------
Female
---------------------------------------------------------------------------------------------
$1,000,000- Male
$4,999,999 ----------------------------------------------------------------------------
Female
---------------------------------------------------------------------------------------------
Over $5 Male
million ----------------------------------------------------------------------------
Female
---------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-1
Total Specified Amount shall be the sum of the Specified Amounts of the
Base Policy and any Base Insured Rider. Total Specified Amount will be
recalculated whenever there is a policy change that increases or
decreases Specified Amount.
To determine the amount of reinsurance premium to be paid by the Ceding
Company to the Reinsurer, these reinsurance premium rates will be applied
to the Reinsured Net Amount at Risk for each policy determined as of the
last policy anniversary or subsequent policy change date if applicable.
For juvenile policies up to attained age of twenty years old, Standard
Non-tobacco rates shall be used for purposes of calculating premiums and
allowances.
D.2 AGE BASIS
Age Last Birthday
D.3 POLICY FEES
The Reinsurer will not participate in any policy fees.
D.4 SUBSTANDARD PREMIUMS
Substandard multiple ratings will be applied to increase the underlying
reinsurance premium rates by [percentage]per table of assessed rating,
and the normal base allowance will be paid on the entire amount.
When flat extras are applied, the following allowances will be paid on
the extra premium portion:
Temporary (five years or less): [percentage] for first year and all
renewal years Permanent (over five years): [percentage] for first year
and [percentage] for all renewal years
D.5 RIDERS AND BENEFITS
AIBR (Automatic Increase Benefit Rider) - Elected increases will be
proportionately reinsured using the premiums for the base coverage, at
point-in-scale.
BIR (Base Insured Rider) and OIR (Other Insured Rider) - These riders
will be proportionately reinsured using the same premium rates scale as
used for the base coverage.
ACCELERATED DEATH BENEFIT - If IDS Life pays an accelerated death benefit
under the terms of the policy contract, the reinsurance coverage will
continue unaffected until the death of the insured.
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-2
EXCHANGE OF INSURED RIDER - Exercise of rider to replace insured life
subject to full underwriting; reinsurance coverage, whether automatic or
facultative, to be provided for same amount of coverage as new business.
The following benefits are not reinsured under this Agreement:
Waiver of Monthly Deduction Rider (WMD)
Children's Insurance Rider (CIR)
Accidental Death Benefit Rider (ADB)
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-3
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
-------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 0
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 1
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 2
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 3
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 4
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 5
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 6
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 7
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 8
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 9
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 10
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 11
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 12
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 13
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 14
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 15
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 16
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 17
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 18
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 19
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 20
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 21
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 22
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 23
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 24
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 25
-------------------------------------------------------------------------------------------------------
Male Non-tobacco 26
-------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
-------------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 0
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 1
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 2
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 3
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 4
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 5
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 6
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 7
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 8
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 9
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 10
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 11
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 12
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 13
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 14
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 15
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 16
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 17
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 18
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 19
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 20
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 21
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 22
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 23
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 24
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 25
-------------------------------------------------------------------------------------------------------------
Male Non-tobacco 26
-------------------------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-1
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-2
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-3
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
----------------------------------------------------------------------------------------------------------
Male Non-tobacco
==========================================================================================================
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
---------------------------------------------------------------------------------------------------------------
Male Non-tobacco
===============================================================================================================
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-4
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-5
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-6
SCHEDULE D-1
Basic for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-7
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-8
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-9
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
----------------------------------------------------------------------------------------------------------
Female Non-tobacco
==========================================================================================================
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
---------------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
---------------------------------------------------------------------------------------------------------------
Female Non-tobacco
===============================================================================================================
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
Male Tobacco
---------------------------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-10
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
--------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male
--------------------------------------------------------------------------------
ISSUE DURATION ATT
------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male
------------------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-11
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowance
ISSUE DURATION
--------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
--------------------------------------------------------------------------------
Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
Male Tobacco
--------------------------------------------------------------------------------
ISSUE DURATION ATT
------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
------------------------------------------------------------------------------------------------------
Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-12
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
----------------------------------------------------------------------------------------------------------
Male Tobacco
==========================================================================================================
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
------------------------------------------------------------------------------------------------------
Male Tobacco
======================================================================================================
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-13
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female
----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female
------------------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-14
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------------------------
Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
------------------------------------------------------------------------------------------------------
Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-15
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-16
SCHEDULE D-1
Basis for Reinsurance Premiums
2001 Valuation Basic Mortality Table ALB -- Select and Ultimate
Rate Per $1000 Before Allowances
ISSUE DURATION
----------------------------------------------------------------------------------------------------------
Age 1 2 3 4 5 6 7 8 9 10 11 12 13
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
Female Tobacco
----------------------------------------------------------------------------------------------------------
ISSUE DURATION ATT
------------------------------------------------------------------------------------------------------
Ulti-
Age 14 15 16 17 18 19 20 21 22 23 24 25 mate Age
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
Female Tobacco
------------------------------------------------------------------------------------------------------
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 D-17
EXHIBIT E
SELF-ADMINISTERED REPORTING
E.1 The Ceding Company will self-administer all reinsurance reporting. The
Ceding Company will send the Reinsurer the reports listed below at the
frequency specified.
MONTHLY TRANSACTION REPORTS
1. New Business
2. First Year - Other than New Business
3. Renewal Year
4. Changes and Terminations
5. Accounting Information
QUARTERLY PERIODIC REPORTS
6. Statutory Reserve Information
7. Policy Exhibit Information
8. Inforce
A brief description of the data requirements follows below.
TRANSACTION REPORTS
The Ceding Company will report policy data using the Quasar (R2) system.
1. NEW BUSINESS
This report will include new issues only, the first time the policy
is reported to the Reinsurer. Automatic and Facultative business
will be identified separately.
2. FIRST YEAR - OTHER THAN NEW BUSINESS
This report will include policies previously reported on the new
business detail and still in their first duration, or policies
involved in first year premium adjustments.
3. RENEWAL YEAR
All policies with renewal dates within the Accounting Period will
be listed.
4. CHANGES AND TERMINATIONS
Policies affected by a change during the current reporting period
will be included in this report. Type of change or termination
activity must be clearly identified for each policy.
The Ceding Company will identify the following transactions either
by separate listing or unique transaction codes: Terminations,
Reinstatements, Changes, Conversions, and Replacements. For
Conversions and Replacements, the Ceding Company will report the
original policy date, as well as the current policy date.
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 E-1
5. ACCOUNTING INFORMATION
Premiums and allowances will be summarized for Life coverages,
Benefits, and Riders by the following categories: Automatic and
Facultative, First Year and Renewals.
PERIODIC REPORTS
6. STATUTORY RESERVE INFORMATION
Statutory reserves will be summarized for Life coverages, Benefits
and Riders. The Ceding Company will specify the reserve basis used.
7. POLICY EXHIBIT INFORMATION
This is a summary of transactions during the current period and on
a year-to-date basis, reporting the number of policies and
reinsured amount.
8. INFORCE
This is a detailed report of each policy in force.
IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 E-2
EXHIBIT F
APPLICATION FOR FACULTATIVE REINSURANCE
SUBMITTED TO:
--------------- --------------- --------------- ---------------
(Reinsurers)
FROM: DATE:
---------------------------------------- ------------------------
(Ceding Company)
POLICY NUMBER: INCREASING AMOUNT: YES NO
------------------- ------ ------
PLAN NAME: IF INCREASING, ULTIMATE AMOUNT:
------------------- -----------
BIRTH DATE TOBACCO PREF
LAST NAME FIRST MIDDLE M/D/Y SEX USE CLASS
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
JOINT INSURED
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-------------------------------------------------------------------
LIFE SPECIFY OTHERS, E.G. SECOND LIFE, WAIVER, ADB, ETC.
--------------------------------------------------------------------------------------------------
PREVIOUS INFORCE WITH CO.:
--------------------------------------------------------------------------------------------------
OF WHICH WE RETAIN:
--------------------------------------------------------------------------------------------------
NOW APPLYING FOR:
--------------------------------------------------------------------------------------------------
OF WHICH WE WILL RETAIN:
--------------------------------------------------------------------------------------------------
REINS. AMOUNT APPLIED FOR:
--------------------------------------------------------------------------------------------------
IN EXCESS OF JUMBO: YES NO IF REPLACEMENT: INTERNAL EXTERNAL
------ ------ ------- -------
OUR MORTALITY ASSESSMENT: SPECIAL RISK FEATURES: AVIATION
(TABLE &/OR FLAT EXTRA) ------------------ ------
FOREIGN/TRAVEL
------
OCCUPATION/AVOCATION
------
--------------------------------------- ---------------------------------------
ENCLOSED REQUIREMENTS REQUIREMENTS TO FOLLOW
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IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 F-1
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REMARKS
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UNDERWRITING CONTACT: TEL #:
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E-MAIL:
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IDSL - [redacted]
VUL IV Plus/VUL IV Plus-ES
Doc# 2080257 F-2
