Automatic Issue and Acceptance Limits. The Reinsurer will automatically accept 80% of each Policy, not to exceed the limits specified below on a per life basis. If the Company has filled its maximum retention on the life as specified in Exhibit D, the percentage the Reinsurer will automatically accept will increase to 100%, but the limits stated below will not change. Simplified Issue Final Expense Whole Life to Age 121 (Level Death Benefit): $ 35,000 Guaranteed Issue Graded Benefit Whole Life to Age 121: $ 20,000 In force and applied for on any one life: $300,000 Conditional Receipt or Temporary Insurance Agreement Liability: Not applicable I486326US-14 (02-21-2014) (QT #06655US13)
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Sources: Reinsurance Agreement (Vericity, Inc.), Reinsurance Agreement (Vericity, Inc.)