Level Compensation Endorsement. Surrender charges are not assessed for a full surrender during the first three policy years. There is no charge for this rider. Single Life Excess Pool -- Amendment 8 Between HLAIC and TOLIC Effective 11/01/2002 Facultative 12/01/2002 Automatic SCHEDULE A PLANS COVERED UNDER THIS AGREEMENT EFFECTIVE JULY 01, 2005 Maturity Date Extension Rider: When the policyholder reaches the maturity date and has elected this rider, the death benefit is dropped to the account value, no more monthly deductions are taken, interest is credited, no further premiums are accepted, policy loans continue to accrue interest, and all other riders are terminated. Guaranteed COI Benefit Rider: This rider provides guaranteed cost of insurance rates for the first 10 policy years. On each policy anniversary, we declare a cost of insurance rate for a single policy year. This policy year is the policy year 9 years from the then current policy anniversary. Thus the rider provides that on any policy anniversary, cost of insurance rates over the next 10 years will not exceed those provided by the rider. This rider is currently available in only a few states and on variable life policy forms where the face amount is at least thirty million dollars.
Level Compensation Endorsement. Surrender charges are not assessed for a full surrender during the first three policy years. There is no charge for this rider. Maturity Date Extension Rider: When the policyholder reaches the maturity date and has elected this rider, the death benefit is dropped to the account value, no more monthly deductions are taken, interest is credited, no further premiums are accepted, policy loans continue to accrue interest, and all other riders are terminated. SCHEDULE A PLANS COVERED UNDER THIS AGREEMENT Guaranteed COI Benefit Rider: This rider provides guaranteed cost of insurance rates for the first 10 policy years. On each policy anniversary, we declare a cost of insurance rate for a single policy year. This policy year is the policy year 9 years from the then current policy anniversary. Thus the rider provides that on any policy anniversary, cost of insurance rates over the next 10 years will not exceed those provided by the rider. This rider is currently available in only a few states and on variable life policy forms where the face amount is at least thirty million dollars.
Level Compensation Endorsement. Surrender charges are not assessed for a full surrender during the first three policy years. There is no charge for this rider. Maturity Date Extension Rider: When the policyholder reaches the maturity date and has elected this rider, the death benefit is dropped to the account value, no more monthly deductions are taken, interest is credited, no further premiums are accepted, policy loans continue to accrue interest, and all other riders are terminated. Accelerated Benefit Rider: With this rider, the policyholder can receive up to 100% of their death benefit discounted with interest if the life expectancy is 12 months or less. Specify Monthly Deductions: This rider allows the policyholder to specify to take monthly deductions out of a particular account in the policy. Mortality and Expense Risk Rider: This rider guarantees that the mortality and expense risk rate will be zero for years greater than and equal to 21. SCHEDULE B BASIS OF REINSURANCE REINSURANCE POOL SHARE: [Redacted] AUTOMATIC REINSURANCE The Ceding Company will retain its available retention on each risk as referenced in Exhibit II. The Reinsurance Pool Share of the remainder will be ceded to the Reinsurer for reinsurance. NET AMOUNT AT RISK DEFINITION: [Redacted] EXHIBIT I REINSURANCE PREMIUM CALCULATION 1. REINSURANCE PREMIUM ANNUAL YRT REINSURANCE PREMIUM [Redacted]
Level Compensation Endorsement. Surrender charges are not assessed for a full surrender during the first three policy years. There is no charge for this rider. Maturity Date Extension Rider: When the policyholder reaches the maturity date and has elected this rider, the death benefit is dropped to the account value, no more monthly deductions are taken, interest is credited, no further premiums are accepted, policy loans continue to accrue interest, and all other riders are terminated. Accelerated Benefit Rider: With this rider, the policyholder can receive up to 100% of their death benefit discounted with interest if the life expectancy is 12 months or less. Specify Monthly Deductions: This rider allows the policyholder to specify to take monthly deductions out of a particular account in the policy. Mortality and Expense Risk Rider: This rider guarantees that the mortality and expense risk rate will be zero for years greater than and equal to 21.
