Amendment X to Reinsurance Agreement 5356-1 (Automatic Coinsurance Bulk -
Universal Life) between the CENTURY LIFE OF AMERICA of Waverly, Iowa, and the
LIFE REASSURANCE CORPORATION OF AMERICA of Stamford, Connecticut.
Amendment X.
------------
Effective October 1, 1992 Schedule A is hereby voided and replaced by the
attached Schedule A - Amended.
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 October 1, 1992.
Date: December 1, 0000 XXXXXXX XXXX XX XXXXXXX
----------------------------
Place: Waverly, Iowa By: /s/ Xxxxxx X. Xxxxxxxxxx
---------------------------- ----------------------------------
Witness: /s/ Xxxxxxx X. Xxxxxx Title: V.P. VAL Actuary
-------------------------- -------------------------------
Date: October 20, 1992 LIFE REASSURANCE CORPORATION
---------------------------- OF AMERICA
Place: Stamford, CT By: /s/ Signature
---------------------------- ---------------------------------
Witness: /s/ Xxxxx X. Xxxxx Title: Sr. Vice President
-------------------------- -------------------------------
SCHEDULE A - AMENDED
--------------------
Agreement Number 5356-1
Part I - Retention Limits of CENTURY LIFE OF AMERICA
----------------------------------------------------
A. LIFE
AGES STANDARD
---- --------
0 - 70 $500,000
71 - 80 50,000
Tables A - P
AGES SUBSTANDARD
---- ------------
0 - 60 $500,000
61 - 70 300,000
71+ 50,000
B. WAIVER OF PREMIUM
$1,000,000 of Total Life Inforce
C. ACCIDENTAL DEATH BENEFIT
$150,000
The above amounts shall be exceeded by as much as $15,000 to avoid
reinsurance.
Schedule A continues . . .
Schedule A, Pg 2
Part II - AUTOMATIC BINDING LIMITS
----------------------------------
A. LIFE
Ages 0 through 70
-----------------
* Four (4) times Life retention
* If, on a current issue, the amount to be ceded, combined with all other
amounts ceded to Life Re on that life, exceeds $999,999, the total current
issue will be submitted on an individual cession. All future amounts ceded
to Life Re on that life must also be submitted on an individual cession
basis.
Ages 71 through 80
------------------
** Two (2) times Life retention
** The maximum automatic binding limits 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
---------------------------
The preceding schedules refer to insured lives whose surnames begin with
the letters L through Z on the plans shown in Schedule C.
AMENDMENT X, TREATY 5356-1
EFFECTIVE OCTOBER 1, 1992
