Amendment III to reinsurance agreement 5356-1 (Automatic Coinsurance Bulk
Universal Life) between the CENTURY LIFE OF AMERICA of Waverly, Iowa, and the
GENERAL REASSURANCE CORPORATION of Stamford, Connecticut.
Amendment III.
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Schedule A is hereby voided and replaced by the attached Schedule A - Amended,
effective January 22, 1986.
All provisions of the reinsurance agreement not in conflict with the provisions
of this amendment will continue unchanged.
This amendment is signed in duplicate at the dates and places indicated with an
effective date of January 22, 1986.
Date: February 4, 0000 XXXXXXX XXXX XX XXXXXXX
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Place: Waverly, IA By: /s/ Xxxxxx X. Xxxxxxx Xx.
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Witness: /s/ Xxxxxxx X. Xxxxxx Title: Senior V.P-Finance & Information Services
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Date: January 27, 1988 GENERAL REASSURANCE CORPORATION
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Place: Stamford, CT By: /s/ Signature
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Witness: /s/ Xxxxx X. Xxxxxxx Title: Vice President
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SCHEDULE A - AMENDED
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Agreement Number 5356-1
Part I - Retention Limits of CENTURY LIFE OF AMERICA
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A. LIFE*
STANDARD
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Ages
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0 - 70 $300,000
71 - 80 25,000
SUBSTANDARD
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Age A & AA B & BB C-D E-F H-J L-P
--- ------ ------ --- --- --- ---
0-50 $300,000 $265,000 $225,000 $180,000 $115,000 $60,000
51 289,000 255,000 217,000 173,000 111,000 58,500
52 278,000 245,000 208,000 167,000 106,000 56,000
53 266,000 235,000 200,000 160,000 102,000 53,500
54 255,000 225,000 191,000 153,000 98,000 51,000
55 244,000 215,000 183,000 146,000 93,000 49,500
56 233,000 205,000 174,000 140,000 89,000 47,000
57 221,000 195,000 166,000 133,000 85,000 44,500
58 210,000 186,000 158,000 126,000 81,000 42,000
59 199,000 176,000 149,000 119,000 76,000 40,500
60 188,000 166,000 141,000 113,000 72,000 38,000
61 176,000 156,000 132,000 106,000 68,000 35,500
62 165,000 146,000 124,000 99,000 63,000 33,000
63 154,000 136,000 115,000 92,000 59,000 31,500
64 143,000 126,000 107,000 86,000 55,000 29,000
65 131,000 116,000 98,000 79,000 50,000 26,500
66 120,000 106,000 90,000 72,000 46,000 24,000
67 109,000 96,000 82,000 65,000 42,000 22,500
68 98,000 86,000 73,000 59,000 37,000 20,000
69 86,000 76,000 65,000 52,000 33,000 17,500
70 75,000 66,000 56,000 45,000 29,000 15,000
* Minimum cession amount $15,000
B. WAIVER OF PREMIUM
$150,000 of total premium
C. ACCIDENTAL DEATH BENEFIT**
$100,000
**Minimum cession amount $10,000
Schedule A - Amended Continues . . .
Schedule A, pg 2
Part II - AUTOMATIC BINDING LIMITS
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A. LIFE
Ages 0 through 70
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* Four (4) times Life retention
* If, on a current issue, the amount to be ceded, combined with all other
amounts ceded to GRA on that life, exceeds $999,999, the total current issue
will be submitted on an individual cession. All future amounts ceded to GRA
on that life must also be submitted on an individual cession basis.
Ages 71 through 80
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** Two (2) times Life retention
** The maximum automatic binding limit for this age group is $50,000. Any
cession over $50,000 will be submitted facultatively.
B. WAIVER OF PREMIUM
Excess of retention not to exceed the Acceptance and Participation Limits
(Article I.4.)
C. ACCIDENTAL DEATH BENEFIT
To $150,000 subject to Jumbo Limits (Article I.3.)
Part III - SURNAMES COVERED
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The preceding schedules refer to insured lives whose surnames begin with the
letters L through Z on the plans shown in Schedule C.
Effective January 22, 1986
