Common use of Basic Premiums Clause in Contracts

Basic Premiums. The Company will pay to the Reinsurer a basic premium calculated by multiplying the net amount at risk of the Reinsured Policy, as defined in the Net Amounts At Risk provision of this Exhibit, by the appropriate rate from the 2008 VBT ALB S&U rates which have been included at the end of this Exhibit, subject to the percentages shown below. The Company will continue to pay the appropriate premium to the Reinsurer as long as the Reinsured Policy is in force. The following percentages will be applied to the reinsurance premiums payable hereunder: First Year: 0% Pref Elite 95% 82% 64% 61% 51% Pref NT 126% 103% 79% 69% 60% Std Select 140% 127% 98% 81% 72% Std NT 165% 159% 135% 101% 87% Pref Tob 125% 94% 72% 74% 65% Std Tob 158% 133% 100% 93% 78% Pref Elite 88% 82% 69% 65% 58% Pref NT 111% 101% 80% 73% 67% Std Select 125% 122% 95% 81% 78% Std NT 162% 153% 120% 102% 94% Pref Tob 108% 78% 70% 74% 77% Std Tob 150% 113% 96% 90% 95% First Year: 0% Pref Elite 88% 65% 52% 52% 49% Pref NT 109% 83% 65% 60% 57% Std Select 122% 103% 82% 70% 69% Std NT 151% 135% 112% 87% 85% Pref Tob 105% 80% 68% 70% 72% Std Tob 132% 112% 93% 87% 86% Pref Elite 84% 67% 57% 59% 54% Pref NT 104% 85% 68% 65% 62% Std Select 119% 102% 80% 75% 74% Std NT 152% 133% 102% 92% 89% Pref Tob 100% 70% 63% 65% 79% Std Tob 138% 102% 87% 85% 95% First Year: 0% Pref Elite 82% 57% 48% 49% Pref NT 100% 71% 60% 56% Std Select 111% 89% 75% 64% Std NT 133% 115% 99% 78% Pref Tob 96% 74% 68% 68% Std Tob 116% 99% 92% 83% Pref Elite 83% 61% 52% 54% Pref NT 101% 77% 62% 62% Std Select 116% 93% 73% 69% Std NT 144% 115% 93% 84% Pref Tob 94% 65% 63% 65% Std Tob 128% 95% 87% 85% First Year: 0% Pref Elite 81% 54% 47% 48% Pref NT 99% 68% 58% 54% Std Select 109% 85% 72% 61% Std NT 131% 109% 95% 74% Pref Tob 97% 70% 67% 64% Std Tob 115% 96% 90% 78% Pref Elite 82% 56% 50% 50% Pref NT 99% 70% 59% 55% Std Select 114% 85% 69% 60% Std NT 139% 106% 87% 72% Pref Tob 92% 63% 64% 62% Std Tob 127% 92% 87% 76% First Year: 0% Pref Elite 80% 54% 46% Pref NT 98% 67% 56% Std Select 108% 83% 68% Std NT 129% 109% 89% Pref Tob 96% 69% 64% Std Tob 112% 95% 85% Pref Elite 80% 54% 46% Pref NT 95% 67% 54% Std Select 110% 81% 64% Std NT 133% 104% 79% Pref Tob 92% 62% 61% Std Tob 124% 90% 83% Post-Level Period Reinsurance Premiums: 88% of the direct post-level premium rates The Reinsurer shall receive its proportionate share of any extra premiums payable due to additional mortality risk. Table extra premiums are equal to 25% of the standard basic premium for each assessed table of extra mortality. The Multiple Extra Premium is developed by adding all Table Extra premiums to the standard basic premium. For the Primary Insured Term and the Additional Insured riders specified in Exhibit A which are reinsured on a YRT basis, the same basic premium the Company pays the Reinsurer, as developed above, will apply.