COINSURANCE AGREEMENT
NO. 1058-8
BETWEEN
CUNA MUTUAL LIFE INSURANCE COMPANY
OF WAVERLY, IOWA
(CEDING COMPANY)
AND
TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY
OF LOS ANGELES, CALIFORNIA
(REINSURER)
EFFECTIVE MAY 1, 2000
TABLE OF CONTENTS
ARTICLES
1 Preamble
2 Basis of Reinsurance
3 Automatic Reinsurance
4 Procedures for Facultative Reinsurance
5 Liability
6 Notification and Reporting of Reinsurance
7 Plans of Insurance and Reserves
8 Consideration
9 Premium Accounting
10 Reinstatement
11 Reductions, Terminations and Changes
12 Claims
13 Extra Contractual Damages
14 Increase in Retention and Recapture
15 Insolvency
16 Arbitration
17 DAC Tax
18 Entire Agreement
19 Service of Suit
20 General Provisions
21 Commencement and Termination
SCHEDULES
A Specifications
B Limits
C Exceptions
D Definitions
EXHIBIT
I Premium Rates
II Expense Allowances
III YRT Rates
IV Reports
ARTICLE 1
PREAMBLE
1.01 This Agreement is made and entered into by and between CUNA Mutual Life
Insurance Company (hereinafter referred to as the "Ceding Company") and
Transamerica Occidental Life Insurance Company (hereinafter referred to as the
"Reinsurer").
1.02 The Ceding Company and the Reinsurer mutually agree to reinsure on the
terms and conditions stated herein. This Agreement is an indemnity reinsurance
agreement and the performance of the obligations of each party under this
Agreement shall be rendered solely to the other party.
ARTICLE 2
BASIS OF REINSURANCE
2.01 BASIS. Reinsurance under this Agreement must be life insurance as described
in Schedule A.
2.02 AUTOMATIC REINSURANCE. The Ceding Company shall cede and the Reinsurer
shall automatically reinsure policies issued under the plans of insurance and
other additional benefits described in Schedule A subject to the requirements
described in Article 3.
2.03 FACULTATIVE REINSURANCE. The Ceding Company may submit to the Reinsurer any
coverage described in Schedule A for facultative review subject to the
procedures described in Article 4.
2.04 INITIAL MINIMUM. The initial minimum amount of life reinsurance on any
individual policy must be greater than or equal to the amount stated in Schedule
A.
2.05 SUBSEQUENT MINIMUM. If the subsequent amount of life reinsurance net amount
at risk falls below the minimum amount stated in Schedule A on any policy, as of
that date all of the life reinsurance on that policy shall terminate.
2.06 ISSUANCE OF BUSINESS. In no event shall the Reinsurer be liable for
reinsurance unless the issuance of the insurance by the Ceding Company
constituted the transacting of business in a jurisdiction in which the Ceding
Company is properly licensed.
ARTICLE 3
AUTOMATIC REINSURANCE
3.01 REQUIREMENTS.
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a) The individual risk must be a permanent resident of the United
States or its territories.
b) The individual risk must be underwritten by the Ceding Company
according to its standard underwriting practices and guidelines. Any
risk falling into the category of special underwriting programs shall
be excluded from this Agreement. Any proposed changes to the Ceding
Company's standard underwriting practices or guidelines shall be
submitted to the Reinsurer for written approval prior to implementation.
c) Any risk offered on a facultative basis by the Ceding Company to the
Reinsurer or any other company shall not qualify for automatic
reinsurance.
d) The issue age on any risk must not exceed the limit stated in
Schedule A.
e) The mortality rating on each individual risk must not exceed the limit
stated in Schedule A.
f) The maximum amount of insurance issued and applied for in all companies
on each risk (without deductions for replacements) must not exceed the
jumbo limits as stated in Schedule B.
g) The maximum amounts of insurance to be reinsured on a life must not
exceed the automatic binding limits as stated in Schedule B.
h) On each life, the Ceding Company must retain 20% of the risk for the
plans of insurance listed in Schedule A, up to its retention limit as
stated in Schedule B. If, because of previous retention on other plans,
retaining 20% of the risk on these plans will exceed the Ceding
Company's retention limit, then the Ceding Company may retain less than
20% of the risk on these plans.
ARTICLE 4
PROCEDURES FOR FACULTATIVE REINSURANCE
4.01 SUBMISSION. The Ceding Company may submit for facultative evaluation any
coverage applied for under a plan of insurance described in Schedule A that does
not qualify for Automatic Reinsurance, or that the Ceding Company prefers to
submit on a facultative basis.
4.02 COVERAGE. An application for facultative reinsurance may include life
insurance with or without either disability waiver of premium or accidental
death or both. Only accidental death reinsurance may be submitted without a
request for life reinsurance.
4.03 UNDERWRITING DOCUMENTATION AND ACCEPTANCE. Copies of all underwriting
documentation relating to the insurability of the individual risk submitted for
facultative reinsurance must be sent to the Reinsurer. After the Reinsurer has
examined the underwriting documentation sent, it will promptly notify the
Ceding Company of its final underwriting acceptance or its underwriting offer
subject to additional requirements. The Reinsurer's final underwriting
acceptance on the individual risk will automatically terminate when the first of
the following situations occurs:
a) The date the Reinsurer receives notice from the Ceding Company of
the withdrawal of the Ceding Company's application, or
b) One hundred and twenty (120) days after the Reinsurer made its
acceptance or
c) The date specified in the Reinsurer's approval to extend its
acceptance.
ARTICLE 5
LIABILITY
5.01 AUTOMATIC REINSURANCE. The Reinsurer's liability for automatic reinsurance
shall begin simultaneously with the Ceding Company's liability.
5.02 FACULTATIVE REINSURANCE. The Reinsurer's liability for facultative
reinsurance on the individual risk shall begin simultaneously with the Ceding
Company's liability once the Reinsurer has accepted in writing the application
for facultative reinsurance and the Ceding Company has accepted the Reinsurer's
offer.
5.03 CONDITIONAL RECEIPT. The Reinsurer shall be liable on the coinsurance basis
for benefits paid under the Ceding Company's conditional receipt, temporary
insurance or other pre-issue benefit or liability provided the requirements for
automatic reinsurance, as stated in Article 3 of this Agreement, are met.
5.04 TERMINATION. The Reinsurer's liability for reinsurance on the individual
risk shall terminate when the Ceding Company's liability terminates.
5.05 LIABILITY OF REINSURER. The Reinsurer shall be liable to the Ceding Company
in the same manner as the Ceding Company is liable on the particular policy
form(s) reinsured under this Agreement to the extent such terms and conditions
are not contrary to the terms and conditions of this Agreement.
5.06 RECEIPT OF PREMIUM. The initial and subsequent reinsurance premiums must be
received by the Reinsurer as stated in Article 9 in order to maintain the
Reinsurer's liability on each individual risk.
ARTICLE 6
NOTIFICATION AND REPORTING OF REINSURANCE
6.01 NOTIFICATION. The Ceding Company shall notify the Reinsurer of all cessions
in a format or structure that would include the data described in Exhibit IV.
The Ceding Company shall also notify the Reinsurer of any increase, reduction or
change in existing reinsurance in the manner described in Exhibit IV.
6.02 ELECTRONIC REPORTING. The Ceding Company shall utilize electronic media for
reporting purposes, if available, and shall consult with the Reinsurer to
determine an appropriate format. Any subsequent changes to the reporting format
shall be approved by the Reinsurer prior to implementation.
ARTICLE 7
PLANS OF INSURANCE AND RESERVES
7.01 LIFE REINSURANCE. Life reinsurance for both the quota share portion and the
excess portion shall be on a coinsurance basis. The Reinsurer must establish and
assume liability for all statutory reserves in proportion to its share of the
liability. This is required by law in the State of Iowa.
7.02 RESERVES. The Reinsurer shall hold reserves in accordance with the NAIC
Valuation of Life Insurance Policies Model Regulation. The Reinsurer and the
Ceding Company agree that the Reinsurer is not required to hold mirror reserves
for policies reinsured under this Agreement. Should the Reinsurer be required by
the applicable regulatory authorities to hold mirror reserves in the future, the
Reinsurer shall have the right to review the reinsurance premiums and expense
allowances contained in this Agreement and make any necessary adjustments as
agreed upon by the Reinsurer and the Reinsured at that point in time.
7.03 CONVERSIONS. Conversions to a permanent plan of insurance shall be
reinsured on the yearly renewable term basis using the attached YRT rates as
stated in Section 8.02.
ARTICLE 8
CONSIDERATION
8.01 PREMIUMS PAID ON A COINSURANCE BASIS. The reinsurance premiums paid to the
Reinsurer will be the Reinsurer's portion of the current premiums (shown in
Exhibit I) collected on the particular policies, including substandard table
extra and flat extra premiums but excluding the policy fee.
8.02 PREMIUMS PAID ON A YRT BASIS. The reinsurance premiums paid to the
Reinsurer on converted policies will be determined on the net amount at risk
using the YRT premiums shown in Exhibit III, including substandard table extra
and flat extra premiums but excluding the policy fee. Premiums will be
calculated on a point-in-scale basis. The life YRT reinsurance rates are
guaranteed for one policy year. However, the Reinsurer anticipates continuing to
accept reinsurance premiums on the basis of the rates shown in Exhibit III for
reinsurance ceded at these rates. If the Reinsurer deems it necessary to
increase rates, such increased rates cannot be higher than the valuation net
premiums for yearly renewable term insurance calculated using the minimum
statutory mortality rates and maximum statutory interest rate for each year of
issue.
8.03 POLICY COMMISSIONS. The Reinsurer shall pay through the Expense Allowances
as described in Section 8.06 below, the Reinsurer's share of commissions paid by
the Ceding Company for the particular policies reinsured hereunder.
8.04 PREMIUM TAX REIMBURSEMENT. The Reinsurer shall not directly reimburse the
Ceding Company for the Reinsurer's portion of any and all premium taxes assessed
the Ceding Company on the reinsured policies by any state, county, parish or
municipal authority. Such reimbursement shall be effected through the Expense
Allowances as described in Section 8.06 below.
8.05 INCOME TAX REIMBURSEMENT. The Ceding Company and the Reinsurer agree to
remain liable for their respective Federal Income Tax liabilities, including any
Section 848 "DAC" taxable income that may be incurred by the reinsurance of the
particular policies by the Reinsurer.
8.06 EXPENSE ALLOWANCES. The Reinsurer shall pay the Ceding Company a fee for
expenses in an amount equal to the allowances shown in Exhibit II based on the
Reinsurer's portion of the premiums stated above.
ARTICLE 9
PREMIUM ACCOUNTING
9.01 PAYMENT OF REINSURANCE PREMIUMS AND INTEREST PENALTIES BY THE CEDING
COMPANY.
a) The reinsurance premiums shall be paid to the Reinsurer on the basis
stated in Exhibit I.
b) Within twenty-five (25) days after the close of each month, the
Ceding Company shall send the Reinsurer a copy of a statement listing
first year and renewal premiums, expense allowances, benefits, reserves
and other data mutually agreed upon by both parties as described in
Exhibit IV. If more than one reinsurance agreement exists between the
Ceding Company and the Reinsurer, the statement shall clearly identify
the agreement under which the respective policies are reinsured.
c) If the net reinsurance premium balance is payable to the Reinsurer,
the Ceding Company must include this payment with the statement. If the
net reinsurance premium balance is not received by the Reinsurer within
thirty (30) days after the close of the month, the reinsurance premiums
for all of the reinsurance risks listed on the statement will be
delinquent.
d) When reinsurance premiums due the Reinsurer are deemed delinquent,
as defined in Section 9.01 c) above, a compound interest penalty may be
assessed each month the premiums remain delinquent. Interest shall be
calculated from the day following the date the premiums are due and
payable to the day such premium payment is mailed or the last day of
the accounting period, whichever comes first, regardless of holidays
and weekends. The rate of interest charged each month shall be the
lesser of (i) the 30 Day Treasury ▇▇▇▇ rate as published in the Money
Rate Section or any successor section of the Wall Street Journal on the
first business day following the date the premiums are deemed
delinquent or (ii) the maximum rate allowed by law in the State of
Iowa. Premiums and interest penalties that remain unpaid shall be
carried forward into the next month's interest penalty calculation.
9.02 TERMINATION BECAUSE OF NON-PAYMENT OF PREMIUM.
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a) When reinsurance premiums are delinquent, the Reinsurer has the
right to terminate the reinsurance risks on the statement by giving the
Ceding Company thirty (30) days written notice. As of the close of this
thirty-day period, all of the Reinsurer's liability shall terminate for:
i) The risks described in the preceding sentence and
ii) The risks where the reinsurance premiums became delinquent during
the thirty-day period.
b) Regardless of these terminations, the Ceding Company shall continue
to be liable to the Reinsurer for all unpaid reinsurance premiums
earned by the Reinsurer.
9.03 REINSTATEMENT OF A DELINQUENT STATEMENT. The Ceding Company may reinstate
the terminated risks within sixty (60) days after the effective date of
termination by paying the unpaid reinsurance premiums, including the interest
penalty as defined above, for the risks in force prior to the termination.
However, the Reinsurer shall not be liable for any claim incurred between the
date of termination and reinstatement. The effective date of reinstatement shall
be the day the Reinsurer receives the required back premiums and any assessed
interest.
9.04 PAYMENT OF REINSURANCE PREMIUM BALANCE BY THE REINSURER. If the net
reinsurance premium balance is payable to the Ceding Company, the Reinsurer must
remit payment to the Ceding Company within thirty (30) days after receiving the
statement.
9.05 IN FORCE LIST. Within sixty (60) days after the close of the calendar year,
the Ceding Company shall send the Reinsurer an in force listing of all policies
reinsured under this Agreement. Such listing shall include the data specified in
Exhibit IV.
ARTICLE 10
REINSTATEMENT
10.01 LAPSES. If insurance lapses for nonpayment of premium and is reinstated
under the Ceding Company's usual reinstatement practices and procedures, the
reinsurance of the particular policy shall be reinstated by the Reinsurer as of
the date of reinstatement. For term and traditional fixed premium life plans,
the Ceding Company administratively extends the grace period to fifty-seven (57)
days. On the fifty-seventh (57th) days the Ceding Company changes the status of
the policy to lapsed and sends a "coverage has lapsed" notice to the
policyowner. The Ceding Company would pay a claim that occurs on the fifty-sixth
(56th) day. The Ceding Company extends the period that the policy can be
reinstated without evidence to seventy (70) days. If the Ceding Company receives
the past due premium by the seventieth (70th) day following the paid-to date,
the Ceding Company will reinstate the policy without asking for evidence of
insurability. If the Ceding Company changes this procedure, it must promptly
notify the Reinsurer. The Ceding Company must pay the Reinsurer all reinsurance
premiums and interest in the same manner as the Ceding Company received the
insurance premiums and interest under the particular policy.
10.02 PROCEDURE. On a particular policy ceded to the Reinsurer on an automatic
basis, reinstatement of reinsurance shall be automatic. On a particular policy
ceded on a facultative basis, reinstatement of reinsurance shall require written
approval of the Reinsurer in the event that the policy was not reinstated within
the time limit stated in 10.01.
ARTICLE 11
REDUCTIONS, TERMINATIONS AND CHANGES
11.01 REPLACEMENT OR CHANGE. If there is a contractual or non-contractual
replacement or change in a particular policy reinsured under this Agreement,
including, but not limited to, conversions or exchanges where full underwriting
evidence according to the Ceding Company's regular underwriting rules is not
required or plans of internal replacement where full underwriting evidence is
required, the exchanged or converted policy shall continue to be reinsured by
the Reinsurer under this Agreement provided it meets the initial minimum amount
stated in Schedule A unless the Ceding Company elects the provisions in 11.02
for non-contractual changes or replacements. Future premiums shall be calculated
on a point-in-scale basis using the applicable YRT rates in Exhibit III of the
Agreement.
11.02 EARLY RECAPTURE. If at the time of a non-contractual replacement or change
as described in 11.01 above, the Ceding Company elects not to continue to
reinsure a particular policy with the Reinsurer, the Ceding Company must pay the
Reinsurer an early recapture charge which shall be a mutually acceptable
reasonable actuarial representation of the Reinsurer's unamortized acquisition
expenses.
11.03 INCREASE IN FACE AMOUNT. If the face amount of a particular policy
reinsured under this Agreement increases or an Other Insured Rider is added and
a) The increase is subject to new underwriting evidence and
i) The original policy was reinsured automatically, the provisions of
Article 3 shall apply to the increase in reinsurance.
ii) The original policy was reinsured facultatively, the provisions of
Article 4 shall apply to the increase in reinsurance.
b) The increase is not subject to new underwriting evidence, the
Reinsurer shall accept automatically the increase in reinsurance but
not to exceed the automatic binding limits as stated in Schedule B.
11.04 PROCEDURE FOR INCREASE OR REDUCTION IN FACE AMOUNT. If the face amount of
a particular policy reinsured under this Agreement is increased or reduced, the
reinsurance shall first be increased or reduced proportionally on the quota
share portion for the particular policy involved and any excess portion
reinsured shall then be appropriately increased or reduced.
11.05 REDUCTION OR TENNINATION OF RETAINED AMOUNT. If any portion of the total
face amount of a particular policy retained by the Ceding Company reduces or
terminates, any excess reinsurance under this Agreement based on the same life
shall also be reduced or terminated. The Ceding Company shall reduce its excess
reinsurance by applying the maximum retention limits that were in effect at the
time the policy was issued. The Ceding Company shall not be required to retain
an amount in excess of its maximum retention limit for the age, mortality rating
and risk classification at the time of issue for any policy on which reinsurance
is being reduced.
11.06 PROCEDURE FOR REDUCTION OR TERMINATION OF RETAINED AMOUNT. The Ceding
Company must first reduce the excess reinsurance of the particular policy that
has the same mortality rating as the terminated insurance. If further reduction
is required, the excess reinsurance to be terminated or reduced shall be
effected in the inverse order in which the particular policy was first
reinsured.
11.07 MORE THAN ONE REINSURER. If the reinsurance of a particular policy is
shared by more than one reinsurer, the Reinsurer's percentage of the increased
or reduced reinsurance shall be the same as its initial percentage of
reinsurance of the policy.
11.08 TERMINATION. If a particular policy reinsured under this Agreement is
terminated, the reinsurance for the policy shall be terminated on the effective
date of termination.
11.09 FACULTATIVE CHANGE. On facultative reinsurance, if the Ceding Company
wishes to reduce the mortality rating on a particular policy, this reduction
shall be subject to the facultative provisions of this Agreement.
11.10 REFUND. The Reinsurer shall refund to the Ceding Company all unearned
reinsurance premiums, less applicable allowances but excluding policy fees,
arising from reductions, terminations and changes as described in this Article.
11.11 EXTENDED TERM OR REDUCED PAID-UP. If applicable, changes as a result of
extended term or reduced paid-up shall be handled the same as reductions as
described above.
ARTICLE 12
CLAIMS
12.01 NOTIFICATION. The Ceding Company shall promptly notify the Reinsurer in
writing whenever the Ceding Company has received notice of a claim where
reinsurance under this Agreement is involved. If a survivor life plan is
involved, the Ceding Company shall notify the Reinsurer of each death as soon as
possible after it has occurred.
12.02 LIABILITY. The Reinsurer's liability for the insurance benefits reinsured
under this Agreement shall be subject to the same terms and conditions of the
particular policy under which the Ceding Company is liable.
12.03 CONTESTABLE PERIOD OR INCONTESTABLE PERIOD (QUOTA SHARE LESS THAN 50%). If
a claim is made within the contestable period, as defined in the particular
policy, or under the incontestable period where the Ceding Company's quota share
was less than fifty (50) percent of the amount of the insurance issued, the
Ceding Company shall await the Reinsurer's opinion before admitting any
liability or making any settlement with the claimant. The Ceding Company must
submit a copy of all papers connected with the claim to the Reinsurer. After the
Reinsurer has reviewed all the claim papers, the Reinsurer shall provide the
Ceding Company with an opinion as to how the Reinsurer would have handled the
claim had it been the Reinsurer's claim. The Reinsurer shall provide the Ceding
Company with an opinion within ten (10) working days after the Reinsurer has
received a copy of all papers connected with the claim. If the Reinsurer does
not respond within this ten-day period, it shall be presumed that the Reinsurer
is agreeable to the payment of the claim. However, given the Ceding Company's
relationship with its claimant, the Ceding Company is not obligated to follow
the Reinsurer's opinion.
12.04 INCONTESTABLE PERIOD (QUOTA SHARE 50% OR MORE). If a claim is made within
the incontestable period and the Ceding Company's quota share was fifty (50)
percent or more of the amount of insurance issued, the Reinsurer shall accept
the decision of the Ceding Company on the payment of a claim.
12.05 PAYMENT. The Ceding Company shall provide the Reinsurer with proper claim
papers and proofs when requesting payment. The Reinsurer shall pay its share of
each claim in a lump sum without regard to the form of claim settlement by the
Ceding Company.
12.06 INTEREST. If the Ceding Company is obliged by applicable state law or
court order to pay interest from a specified date, such as the date of death of
an insured, on a particular policy, the Reinsurer shall pay its share of the
claim at the same rate and for the same period as that which the Ceding Company
is required, excluding extra-contractual obligations.
12.07 CONTEST, COMPROMISE OR LITIGATION. The Ceding Company shall promptly
notify the Reinsurer in writing of the Ceding Company's intention to contest,
compromise or litigate a claim. The Ceding Company shall provide the Reinsurer
with all papers and the Reinsurer shall have an opportunity to review the
papers. Within fifteen (15) working days after receipt of all the necessary
papers, the Reinsurer shall have the following options:
a) Decline to participate in the contest, compromise or litigation of
the claim. The Reinsurer shall thereafter discharge its liability with
respect to any contested, compromised or litigated claim by paying to
the Ceding Company the Reinsurer's proportionate share of the claim as
if there had been no controversy. Upon such discharge, the Reinsurer
shall not be liable for any portion of any "routine expenses" or
"non-routine expenses," as defined in Section 12.08, incurred with
respect to such claim, nor shall the Reinsurer share in any reduced
settlement.
b) After consultation with the Ceding Company, the Reinsurer agrees to
pay its share based on the results of the contest, compromise or
litigation (agreement to be communicated by the Reinsurer to the Ceding
Company in writing). The Reinsurer will pay its share of all "routine
expenses" and "non-routine expenses," as defined in Section 12.08, of
the contest, compromise or litigation.
12.08 ROUTINE/NON-ROUTINE EXPENSES. For the purpose of this Article, the term
"routine expenses" shall mean fees, charges, costs and expenses of retained
legal and investigative personnel, excluding employees, that are incurred in
rescinding a policy, contesting a policy or litigating a claim. The term
"non-routine expenses" of the contest shall mean any penalties, attorney's fees
and interest imposed automatically by statute against the Ceding Company which
arise solely out of any judgment rendered against the Ceding Company in a suit
for policy benefits. However, "non-routine expenses" shall not include
extra-contractual damages. Notwithstanding the foregoing definitions, the
Reinsurer shall not be liable for any office expenses or salaries or expenses of
employees of the Ceding Company or of any subsidiary or affiliate of the Ceding
Company, incurred in connection with the administration of the business
reinsured pursuant to this Agreement or the disposition of a claim, loss or
legal proceeding (including investigation, negotiation, legal expenses and court
costs).
12.09 MISSTATEMENT OF AGE OR SEX. If the amount of insurance provided by any
policy or policies reinsured hereunder is increased or reduced because of a
misstatement of age or sex that is established after the death of the insured,
the Reinsurer shall share in the increase or reduction in the proportion that
the net liability of the Reinsurer bears to the total of the net liability of
the Ceding Company and the net liability of all reinsurers, including the
Reinsurer, immediately prior to such increase or reduction. The reinsurance
shall be restructured from commencement on the basis of the adjusted amount
using premiums and reserves for the correct age or sex. The adjustment for the
difference in reinsurance premiums and any associated commissions or allowances,
dividends, policy value or reserves shall be made without interest.
ARTICLE 13
EXTRA-CONTRACTUAL DAMAGES
13.01 DEFINITIONS. For purposes of this Article, the following are definitions
of elements of extra-contractual damages:
a) "Punitive Damages" are those damages awarded as a penalty, the
amount of which is not governed or fixed by statute;
b) "Statutory Damages" are those amounts awarded as a penalty, but are
fixed in amount by statute;
c) "Compensatory Damages" are those amounts awarded to compensate for
actual damages sustained and are not awarded as a penalty or fixed in
amount by statute.
13.02 EXTRA-CONTRACTUAL DAMAGES. Extra-contractual damages are defined as
punitive, statutory or compensatory damages due to the Ceding Company's
negligence, oppression, malice, fault, wrongdoing or bad faith in connection
with an award against the Ceding Company in excess of the limits of the policy
reinsured as a result of, but not limited to, an act, omission or course of
conduct committed solely by the Ceding Company in connection with the benefits
payable under a particular policy reinsured under this Agreement.
13.03 EXCEPTION. Except as provided in Section 13.04, the Reinsurer shall not be
liable for any extra-contractual damages.
13.04 ASSESSMENT OF DAMAGES. The Reinsurer recognizes that circumstances may
arise under which the Reinsurer, in equity, should share, to the extent
permitted by law, in paying certain assessed damages. The Reinsurer may be
liable for any punitive, statutory or compensatory damages awarded or assessed
against the Ceding Company if the Reinsurer elected to join in the contest,
litigation or denial of the claim, in writing, and actively directed,
participated in, consented to or ratified the act, error, omission or course of
conduct of the Ceding Company that ultimately resulted in the award or
assessment of punitive, statutory or compensatory damages. The extent of such
sharing is dependent on the good faith assessment of culpability in each case,
but all factors being equal, the division of such assessment would be in
proportion to what impact the Reinsurer's opinion had on such damages.
13.05 LEGAL FEES. If the Reinsurer has liability for damages as stated in
Section 13.04, the Reinsurer shall reimburse the Ceding Company for its share of
reasonable legal fees incurred in defense of punitive, statutory or compensatory
damages.
ARTICLE 14
INCREASE IN RETENTION AND RECAPTURE
14.01 The reinsurance under this Agreement shall be maintained in force without
reduction except as specifically provided for in this Agreement.
14.02 If the Ceding Company increases its retention limit as stated in Schedule
B, written notice of the increase shall be given to the Reinsurer within thirty
(30) days of such increase.
14.03 The Ceding Company shall have the option of recapturing the reinsurance
under this Agreement in the event the Ceding Company increases its retention
limit. The Ceding Company may exercise its option to recapture by giving written
notice to the Reinsurer within ninety (90) days after the effective date of the
retention limit increase. If the recapture option is not exercised within ninety
(90) days after the effective date of the increase, the Ceding Company may
choose to recapture not later than two (2) years after the date the retention
limit increases.
14.04 If the Ceding Company exercises its option to recapture, then the
following rules apply:
a) The Ceding Company shall reduce all eligible excess reinsurance on
each individual risk on which it retained its retention limit for the
age and mortality rating that was in effect at the time the excess
reinsurance was ceded.
b) The Ceding Company shall increase its total amount of insurance on
the individual risk up to its new retention limit by reducing the
amount of excess reinsurance. If an individual risk is shared by more
than one reinsurer, the Reinsurer's percentage of the reduced excess
reinsurance shall be the same as the Reinsurer's initial percentage of
excess reinsurance on the individual risk.
c) No reduction of excess reinsurance due to recapture shall occur
until the later of the following dates:
i) The policy anniversary date immediately following the effective date
the recapture program begins and
ii) The number of years stated in Schedule A starting with the original
"policy date."
14.05 Reinsurance shall not be eligible for recapture on an individual risk if
(a) the Ceding Company retained less than its retention limit for the age and
mortality rating in effect at the time the reinsurance was ceded to the
Reinsurer, or if (b) the Ceding Company did not retain any of the individual
risk.
14.06 In the event the Ceding Company overlooks any reduction in the amount of
reinsurance on a particular policy because of an increase in the Ceding
Company's retention limit, the acceptance by the Reinsurer of reinsurance
premiums under these circumstances shall not constitute a liability on the part
of the Reinsurer for such reinsurance. The Reinsurer shall be liable only for a
refund of premiums.
14.07 Payments required upon recapture by the Ceding Company are described in
Section 21.05.
ARTICLE 15
INSOLVENCY
15.01 In the event of the Ceding Company's insolvency and the appointment of a
conservator, liquidator, or statutory successor, the portion of any risk or
obligation assumed by the Reinsurer shall be payable to the conservator,
liquidator, or statutory successor on the basis of claims allowed against the
Ceding Company by any court of competent jurisdiction or by any conservator,
liquidator, or statutory successor of the company having authority to allow such
claims, without diminution because of that insolvency, or because the
conservator, liquidator, or statutory successor has failed to pay all or a
portion of any claims. Payments by the Reinsurer as set forth in this Section
shall be made directly to the Ceding Company or to its conservator, liquidator,
or statutory successor, except where the contract of insurance or reinsurance
specifically provides another payee of such reinsurance in the event of the
Ceding Company's insolvency.
15.02 In the event of the Ceding Company's insolvency, the conservator,
liquidator, or statutory successor shall give written notice of the pendency of
a claim against the Ceding Company on any policies reinsured within a reasonable
time after such claim is filed. The Reinsurer may interpose, at its own expense,
in the proceeding where such claim is to be adjudicated, any defense or defenses
which it may deem available to the Ceding Company or its conservator,
liquidator, or statutory successor.
15.03 The expenses incurred by the Reinsurer shall be chargeable, subject to
court approval, against the Ceding Company as part of the expense of
conservation or liquidation to the extent of a proportionate share of the
benefit which may accrue to the Ceding Company in conservation or liquidation,
solely as a result of the defense undertaken by the Reinsurer. Where two or more
reinsurers are involved in the same claim and a majority in interest elect to
interpose a defense or defenses to this claim, the expense shall be shared as
though such expense had been incurred by the Ceding Company.
ARTICLE 16
ARBITRATION
16.01 As a condition precedent to any right of action hereunder, any dispute or
difference between the Ceding Company and the Reinsurer relating to the
interpretation or performance of this Agreement, including its formation or
validity, or any transaction under this Agreement, whether arising before or
after termination, shall be submitted to arbitration. Arbitration shall be the
method of dispute resolution, regardless of the insolvency of either party,
unless the conservator, receiver, liquidator or statutory successor is
specifically exempted from arbitration proceeding by applicable state law of the
insolvency.
16.02 Arbitration shall be initiated by the delivery of written notice of demand
for arbitration by one party to another. Such written notice shall contain a
brief statement of the issue(s), the failure on behalf of the parties to reach
amicable agreement and the date of demand for arbitration.
16.03 The arbitrators and umpire shall be present or former disinterested
officers of life reinsurance or insurance companies other than the two parties
to the Agreement or any company owned by, or affiliated with, either party. Each
party shall appoint an individual as arbitrator and the two so appointed shall
then appoint the umpire. If either party refuses or neglects to appoint an
arbitrator within thirty (30) days, the other party may appoint the second
arbitrator. If the two arbitrators do not agree on an umpire within sixty (60)
days of the appointment of the second appointed arbitrator, each of the two
arbitrators shall nominate three individuals. Each arbitrator shall then decline
two of the nominations presented by the other arbitrator. The umpire shall be
chosen from the remaining two nominations by drawing lots.
16.04 The arbitration hearings shall be held in the city in which the Ceding
Company's head office is located or any such other place as may be mutually
agreed. Each party shall submit its case to the arbitrators and umpire within
one hundred and eighty (180) days of the selection of the umpire or within such
longer period as may be agreed.
16.05 The arbitration panel shall make its decision with regard to the custom
and usage of the insurance and reinsurance business. The arbitration panel shall
interpret this Agreement as an honorable engagement; they are relieved of all
judicial formalities and may abstain from following strict rules of law. The
arbitration panel shall be solely responsible for determining what shall be
considered and what procedure they deem appropriate and necessary in the
gathering of such facts or data to decide the dispute.
16.06 The decision in writing of the majority of the arbitration panel shall be
final and binding upon the parties. Judgment may be entered upon the final
decision of the arbitration panel in any court having jurisdiction.
16.07 The jointly incurred costs of the arbitration are to be borne equally by
both parties. Jointly incurred costs are specifically defined as any costs that
are not solely incurred by one of the parties (e.g., attorney's fees, expert
witness fees, travel to the hearing site, etc.). Costs incurred solely by one of
the parties shall be borne by that party. Once the panel has been selected, the
panel shall agree on one billable rate for each of the arbitrators and umpire
and that sole cost shall be disclosed to the parties and become payable as a
jointly incurred cost as described above.
16.08 If more than one reinsurer is involved in the same dispute, all such
reinsurers shall constitute and act as one party for the purposes of this
Arbitration Article, provided however, that nothing herein shall impair the
rights of such reinsurers to assert several, rather than joint, defenses or
claims, nor be construed as changing the liability under the terms of the
Agreement from several to joint.
ARTICLE 17
DAC TAX
SECTION 1.848-2(g)(8) ELECTION
17.01 If applicable, both parties agree to the following pursuant to Section
1.848-2(g)(8) of the Income Tax Regulations issued December 1992, under Section
848 of the Internal Revenue Code of 1986, as amended. This election shall be
effective for all subsequent taxable years for which this Agreement remains in
effect.
17.02 The term "party" shall refer to either the Ceding Company or the Reinsurer
as appropriate.
17.03 The terms used in this Article are defined by reference to Section 1.848-2
of the Income Tax Regulations in effect December 1992.
17.04 The party with the net positive consideration for this Agreement for each
taxable year shall capitalize specified policy acquisition expenses with respect
to this Agreement without regard to the general deductions limitation of Section
848(c)(1) of the Internal Revenue Code of 1986.
17.05 Both parties agree to exchange information pertaining to the amount of net
consideration under this Agreement each year to ensure consistency or as
otherwise required by the Internal Revenue Service.
17.06 The Ceding Company shall submit a schedule to the Reinsurer by April 1 of
each year of its calculation of the net consideration for the preceding calendar
year. This schedule of calculations shall be accompanied by a statement signed
by one of the Ceding Company's officers stating that the Ceding Company shall
report such net consideration in its tax return for the preceding calendar year.
17.07 The Reinsurer may contest such calculation by providing an alternative
calculation to the Ceding Company in writing within thirty (30) days of the
Reinsurer's receipt of the Ceding Company's calculation. If the Reinsurer does
not so notify the Ceding Company, the Reinsurer shall report the net
consideration as determined by the Ceding Company in the Reinsurer's tax return
for the previous calendar year.
17.08 If the Reinsurer contests the Ceding Company's calculation of the net
consideration, both parties shall act in good faith to reach an agreement as to
the correct amount within thirty (30) days of the date the Reinsurer submits its
alternative calculation. If both parties reach agreement on an amount of net
consideration, each party shall report such amount in its respective tax returns
for the previous calendar year.
ARTICLE 18
ENTIRE AGREEMENT
18.01 This Agreement supersedes any and all prior discussions and understandings
between the parties and, upon its execution, constitutes the sole and entire
Agreement with respect to the reinsurance provided hereunder. There are no
understandings between the parties other than as expressed in this Agreement.
Any change or modification to the Agreement shall be null and void unless
effected by a writing subscribed by both the Ceding Company and the Reinsurer.
Any waiver shall constitute a waiver only in the circumstances for which it was
given and shall not be a waiver of any future circumstance.
ARTICLE 19
SERVICE OF SUIT
19.01 It is agreed that in the event the obligations under this Agreement are
not performed by the Reinsurer, at the request of the Ceding Company, the
Reinsurer shall submit to the jurisdiction of any court of competent
jurisdiction within the United States and shall comply with all the requirements
necessary to give that court jurisdiction. All matters arising under this
Agreement shall be determined in accordance with the law and practice of such
court. Nothing in this clause constitutes or should be understood to constitute
a waiver of the Reinsurer's rights to commence an action in any court of
competent jurisdiction in the United States, to remove an action to a United
States District Court, or to seek a transfer of a case to another court as
permitted by the laws of the United States or of any state in the United States.
Service of process, in any such suit, may be made upon any then duly elected
officer of the Reinsurer (agent for service of process) at ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇. The Reinsurer shall abide by
the final decision of such court or of any appellate court in the event of an
appeal, for any suit instituted against the Reinsurer under this Agreement.
19.02 The agent for service of process is authorized and directed to accept
service of process on behalf of the Reinsurer in any such suit and/or upon the
request of the Ceding Company, give a written undertaking to the Ceding Company
that the agent will enter a general appearance on behalf of the Reinsurer in the
event such a suit is instituted.
19.03 The Reinsurer hereby designates the Superintendent, Commissioner or
Director of Insurance or his successor or successors in office, for the State of
California, as its true and lawful agent for service of process (in addition to
the above named agent), who may be served any lawful process in any action, suit
or proceeding instituted by or on behalf of the Ceding Company or any
beneficiary arising out of this Agreement, and hereby designates the above named
as the person to whom the Ceding Company is authorized to mail such process or a
true copy thereof.
ARTICLE 20
GENERAL PROVISIONS
20.01 INSPECTION OF RECORDS. Either company, their respective employees or
authorized representatives, may audit, inspect and examine, during regular
business hours, at the home office of either company, any and all books,
records, statements, correspondence, reports, trust accounts and their related
documents or other documents that relate to the policies covered hereunder. The
audited party agrees to provide a reasonable work space for such audit,
inspection or examination and to cooperate fully and to faithfully disclose the
existence of and produce any and all necessary and reasonable materials
requested by such auditors, investigators, or examiners. The company performing
a routine audit shall provide fifteen (15) working days advance notice to the
other party. The expense of the respective party's empioyee(s) or authorized
representative(s) engaged in such activities will be borne solely by such party.
20.02 REPRESENTATIONS AND WARRANTS. The Ceding Company and the Reinsurer agree
that all matters with respect to this Agreement require their utmost good faith.
Each party represents and warrants to the other party that it is solvent on a
statutory basis in all jurisdictions in which it does business or is licensed.
Each party agrees to promptly notify the other party of any material change in
its financial condition. The Reinsurer has entered into this Agreement in
reliance upon the Ceding Company's representations and warranties. Each party
affirms that it has and will continue to disclose all matters material to this
Agreement and each cession. Examples of such matters are a material change in
underwriting or issue practices or philosophy or a change in each party's
ownership or control.
20.03 ASSIGNMENT OR TRANSFER. Neither this Agreement nor any reinsurance under
this Agreement shall be sold, assigned or transferred by the Ceding Company or
the Reinsurer without prior written consent of the other party. Such approval
shall not unreasonably be withheld. If it is determined that such sale,
assignment or transfer would result in a material adverse economic impact to the
other party, and the party so objects, this Agreement shall be terminated with
respect to all policies reinsured under this Agreement. The Ceding Company and
the Reinsurer agree to mutually calculate a tennination charge that shall be
paid by either party upon the transfer.
The provisions of this Section 20.03 are not intended to preclude the Reinsurer
from retroceding the reinsurance on an indemnity basis.
20.04 SEVERABILITY. If any term or provision under this Agreement shall be held
or made invalid, illegal or unenforceable by a court decision, statute, rule or
otherwise, such term or provision shall be amended to the extent necessary to
conform with the law and all of the other terms and provisions of this Agreement
shall remain in full force and effect. If the term or provision held to be
invalid, illegal or unenforceable is also held to be a material part of this
Agreement, such that the party in whose favor the material term or provision was
stipulated herein would not have entered into this Agreement without such term
or provision, then the party in whose favor the material term or provision was
stipulated shall have the right, upon such holding, to terminate this Agreement.
20.05 PARTIES TO AGREEMENT. This Agreement is solely between the Ceding Company
and the Reinsurer. There is no third party to this Agreement. Reinsurance under
this Agreement shall not create any right or legal relationship between the
Reinsurer and any other person, for example, any insured, policy owner, agent,
beneficiary or assignee. The Ceding Company further agrees that it will not make
the Reinsurer a party to any litigation between any such third party and the
Ceding Company.
20.06 OFFSET. All monies due either company under this Agreement may be offset
against each other, dollar for dollar, regardless of any insolvency of either
party unless otherwise prohibited by law. If the Reinsurer advances payment
through offset of any claim it is contesting and prevails in the contest, the
Ceding Company shall return such payment plus interest calculated as per the
provisions of Section 9.01 d) of this Agreement.
20.07 GOVERNING LAW. In the event of litigation, the parties shall submit to the
competent jurisdiction of a court in the State of Iowa and shall abide by the
final decision of such court. This Agreement shall be governed as to
performance, administration and interpretation by the laws of the State of Iowa,
exclusive of the rules with respect to conflicts of law. In all cases, the State
of Iowa applies with respect to rules for credit for reinsurance.
20.08 EXPENSES. The Ceding Company shall pay the expense of all medical
examinations, inspection fees and other charges in connection with the issurance
of the insurance.
20.09 ERRORS AND OMISSIONS. Unintentional clerical errors, omissions or
misunderstandings in the administration of this Agreement by either the Ceding
Company or the Reinsurer shall not invalidate the reinsurance hereunder provided
the error, omission or misunderstanding is corrected promptly after discovery.
Both companies shall be restored, to the extent possible, to the position they
would have occupied had the error, omission or misunderstanding not occurred,
but the liability of the Reinsurer under this Agreement shall in no event exceed
the limits specified herein.
20.10 SCHEDULES, EXHIBITS AND SECTION HEADINGS. Schedules and Exhibits attached
hereto are made a part of this Agreement. Section headings are provided for
reference purposes only and are not made a part of this Agreement.
20.11 DEFINITIONS. The definitions that apply in the interpretation of this
Agreement are located in Schedule D.
ARTICLE 21
COMMENCEMENT AND TERMINATION
21.01 This Agreement shall be effective as of May 1, 2000 and shall remain in
force for an indefinite period. Either the Ceding Company or the Reinsurer may
terminate the Agreement with respect to new business by giving ninety (90) days'
written notice by certified or registered mail to the other party. The day the
notice is deposited in the mail addressed to an officer of the other company
shall be the first day of the ninety-day period.
21.02 During this ninety-day period, the Reinsurer shall continue to accept and
the Ceding Company shall continue to cede any new policies issued prior to the
termination of this ninety-day period.
21.03 All reinsurance that has been placed in effect prior to the expiration
date set forth in the notice shall remain in effect in accordance with the terms
of this Agreement until the reinsured policy's natural expiration or as
specified otherwise in this Agreement.
21.04 This Agreement shall automatically terminate on the date the Ceding
Company's liability on the last policy reinsured hereunder terminates. The
monthly settlement statement described in Section 9.01 b) shall be prepared by
the Ceding Company and sent to the Reinsurer within twenty-five (25) days after
the date of termination. For purposes of this section, the date of termination
shall be defined as the last day of the month in which the last policy
terminates. Payment of any and all amounts owed by the Ceding Company to the
Reinsurer shall be included with the statement. Payment of any and all amounts
owed by the Reinsurer to the Ceding Company shall be made within thirty (30)
days after receiving the statement.
21.05 Should this Agreement be terminated in accordance with Section 9.02,
Article 14 or by mutual agreement of the parties, the Ceding Company shall
prepare the monthly settlement statement described in Section 9.01 b) for the
period beginning with the end of the previous month for which settlement has
been made and ending with the effective date of termination or recapture.
Settlement shall include a terminal reserve transfer in the amount of the
reserve related to the terminated policies released by the Reinsurer, less any
due and unpaid premiums on the terminated policies. The Reinsurer shall recover
any unamortized acquisition expenses and the estimated present value of future
profits under this Agreement. In no event shall the calculation of the terminal
reserve transfer result in an amount less than zero. Payment of any amounts due
the Reinsurer shall be included with the statement. The Reinsurer shall
immediately transfer control of the assets relating to the terminated policies
to the Ceding Company without any encumbrance whatsoever and shall pay any
amounts due the Ceding Company within thirty (30) days after receiving the
terminal settlement statement. If only a portion of the policies reinsured
hereunder is recaptured as described in Article 14, the settlement described
above shall apply only with respect to those policies recaptured.
21.06 This Agreement may be executed simultaneously in any number of
counterparts, each of which shall be deemed an original, but all of which shall
constitute one and the same instrument.
Executed in duplicate by Executed in duplicate by
CUNA MUTUAL LIFE TRANSAMERICA OCCIDENTAL
INSURANCE COMPANY LIFE INSURANCE COMPANY
at Waverly, Iowa at Charlotte, North Carolina,
on September 21, 2001. on August 29, 2001.
--------------- ------------
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇ By: /s/ Signature
-------------------------- ---------------------------
Title Asst. Vice President Vice President
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ By: /s/ Signature
-------------------------- ---------------------------
Title Assistant Secretary Vice President & Associate
General Counsel
SCHEDULE A
SPECIFICATIONS
1. TYPE OF BUSINESS Individual life insurance issued
directly by Ceding Company
2. PLANS OF INSURANCE MEMBERS ▇▇▇▇▇ ▇▇ - $100,000 or greater
MEMBERS ▇▇▇▇▇ ▇▇ - $100,000 or greater
Other Insured Rider - $100,000 or greater
3. BASIS OF REINSURANCE
Reinsurer's Share Quota Share 40%
Ceding Company's Share Quota Share 20%
4. MAXIMUM ISSUE AGE 80
5. MAXIMUM MORTALITY Each individual risk must not exceed Table 16,
Table P, 500% or its equivalent on a flat extra
premium basis.
6. MINIMUM AMOUNTS
Initial - Automatic $ 40,000
Initial - Facultative $100,000
Subsequent Not applicable
7. YEARS TO RECAPTURE 10 for MEMBERS ▇▇▇▇▇ ▇▇
▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇
▇▇▇▇▇▇▇▇ B
LIMITS
1. CEDING COMPANY'S RETENTION:
Life Issue Ages All Ratings
0-69 $1,000,000
70 + $500,000
2. POOL BINDING:
Life 5 times retention (including Ceding Company's retention)
3. JUMBO:
Life $20,000,000
SCHEDULE C
EXCEPTIONS
There are no exceptions to this Agreement.
SCHEDULE D
DEFINITIONS
1. AUTOMATIC Insurance which must be ceded by the Ceding Company
in accordance with the terms of the Agreement and
must be accepted by the Reinsurer.
2. FACULTATIVE Insurance which the Ceding Company has the option to
cede and the Reinsurer has the option to accept or
decline individual risks.
3. INITIAL The smallest amount of reinsurance permitted at the
MINIMUM AMOUNT inception of the reinsurance transaction.
4. LIFE PREMIUMS Yearly Renewable Term (YRT) - Under the YRT method,
the Reinsured transfers to the Reinsurer the
mortality risk on either a net amount at risk basis
or on an approximation of the net amount at risk
basis.
Flat Extra - Flat extra ratings usually apply to
applicants in hazardous occupations or avocations or
with certain physical impairments of a temporary
nature.
Substandard Table Extra - Substandard table extra
ratings usually apply to physically impaired lives.
5. POOL An organization of insurers or reinsurers through
which particular types of risks are underwritten
with premiums, losses and expenses shared in agreed
amounts.
6. QUOTA SHARE A form of reinsurance indemnifying the Ceding
Company against a fixed percentage of loss on each
risk covered in the Agreement.
7. CEDING COMPANY A company which transfers all or part of the
insurance it has written to another company.
8. REINSURER A company which assumes all or part of the insurance
written by another company.
9. RISK Insurance on an individual life.
10. SUBSEQUENT The smallest amount of reinsurance permitted after
MINIMUM AMOUNT the inception of the reinsurance transaction.
11. POINT-IN-SCALE Reinsurance premiums are based on the issue age and
duration of the original reinsured policy.
12. NET AMOUNT AT RISK For term insurance, the full face amount of the term
policy.
EXHIBIT I
PREMIUM RATES
1. Reinsurance premiums under this Agreement shall be payable on the annual
basis regardless of how the Ceding Company receives premiums from its
insured.
2. LIFE - STANDARD & SUBSTANDARD
TABLE EXTRA PREMIUMS The reinsurance premiums for the plans listed in
Schedule A will be the appropriate rates in this
Exhibit, less the allowances stated in Exhibit II.
The Other Insured Rider will use the appropriate
rates based on duration of the rider.
The substandard table extra premium shall be an
additional 25% per table rating of the rates set
forth in this Exhibit, less the allowances stated
in Exhibit II.
FLAT EXTRA PREMIUMS The flat extra premium shall be the annual flat
extra premium which the Ceding Company charges
its insured on that amount of the insurance
reinsured less the allowances stated in Exhibit
II.
CUNA Mutual Life Insurance Company
MEMBERS ▇▇▇▇▇ - ▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ per $1,000
Male, Band 2 : $100,000-$249,999
Add $50 Policy Fee
Non-Tobacco Tobacco
Iss ================================ ===================
Age Pref+ Pref Std Pref Std
=== ===== ==== ===== ===== =====
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16 0.76 0.90 1.16 1.62 2.17
17 0.76 0.90 1.16 1.62 2.17
18 0.76 0.90 1.16 1.62 2.17
19 0.76 0.90 1.16 1.62 2.17
20 0.76 0.90 1.16 1.62 2.17
21 0.74 0.88 1.13 1.58 2.11
22 0.72 0.86 1.10 1.53 2.04
23 0.70 0.83 1.07 1.49 1.98
24 0.69 0.81 1.04 1.44 1.92
25 0.67 0.79 1.01 1.40 1.86
26 0.66 0.78 0.99 1.38 1.84
27 0.65 0.77 0.98 1.37 1.82
28 0.65 0.76 0.98 1.37 1.82
29 0.65 0.76 0.98 1.38 1.83
30 0.65 0.76 0.98 1.40 1.86
31 0.65 0.76 0.99 1.42 1.88
32 0.65 0.77 1.00 1.44 1.91
33 0.66 0.78 1.01 1.47 1.96
34 0.67 0.79 1.04 1.52 2.03
35 0.69 0.82 1.08 1.60 2.14
36 0.72 0.86 1.14 1.71 2.29
37 0.77 0.92 1.22 1.84 2.47
38 0.81 0.98 1.31 2.00 2.68
39 0.87 1.05 1.40 2.17 2.91
40 0.92 1.12 1.50 2.35 3.16
41 0.98 1.19 1.60 2.54 3.41
42 1.04 1.27 1.71 2.74 3.67
43 1.10 1.35 1.82 2.95 3.96
44 1.17 1.44 1.95 3.19 4.27
45 1.25 1.54 2.09 3.44 4.61
46 1.34 1.65 2.25 3.71 4.97
47 1.44 1.77 2.41 3.99 5.36
48 1.55 1.91 2.60 4.30 5.77
49 1.67 2.05 2.80 4.63 6.23
50 1.81 2.22 3.03 5.02 6.75
51 1.97 2.40 3.28 5.44 7.32
52 2.13 2.60 3.55 5.89 7.93
53 2.31 2.82 3.84 6.39 8.59
54 2.51 3.06 4.17 6.94 9.34
55 2.74 3.33 4.55 7.56 10.19
56 2.98 3.62 4.95 8.22 11.11
57 3.24 3.92 5.38 8.91 12.07
58 3.53 4.26 5.85 9.69 13.15
59 3.86 4.65 6.41 10.58 14.40
60 4.27 5.13 7.07 11.66 15.89
61 4.85 5.81 8.02 13.19 18.03
62 5.43 6.49 8.97 14.72 20.16
63 6.01 7.17 9.93 16.25 22.30
64 6.60 7.85 10.88 17.79 24.43
65 7.18 8.53 11.83 19.32 26.57
Note for premium bands:
o $500,000 bands rates are $250,000 rates minus $0.10
o $100,000 band rates are $250,000 rates plus $0.20
o $ 50,000 band rates equal $100,000 band, but are only available in 'Standard'
classes.
CUNA Mutual Life Insurance Company
MEMBERS ▇▇▇▇▇ - ▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ per $1,000
Male, Band 3 : $250,000-$499,999
Add $50 Policy Fee
Non-Tobacco Tobacco
Iss ================================ ===================
Age Pref+ Pref Std Pref Std
=== ===== ==== ===== ===== =====
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16 0.56 0.70 0.96 1.42 1.97
17 0.56 0.70 0.96 1.42 1.97
18 0.56 0.70 0.96 1.42 1.97
19 0.56 0.70 0.96 1.42 1.97
20 0.56 0.70 0.96 1.42 1.97
21 0.54 0.68 0.93 1.38 1.91
22 0.52 0.66 0.90 1.33 1.84
23 0.50 0.63 0.87 1.29 1.78
24 0.49 0.61 0.84 1.24 1.72
25 0.47 0.59 0.81 1.20 1.66
26 0.46 0.58 0.79 1.18 1.64
27 0.45 0.57 0.78 1.17 1.62
28 0.45 0.56 0.78 1.17 1.62
29 0.45 0.56 0.78 1.18 1.63
30 0.45 0.56 0.78 1.20 1.66
31 0.45 0.56 0.79 1.22 1.68
32 0.45 0.57 0.80 1.24 1.71
33 0.46 0.58 0.81 1.27 1.76
34 0.47 0.59 0.84 1.32 1.83
35 0.49 0.62 0.88 1.40 1.94
36 0.52 0.66 0.94 1.51 2.09
37 0.57 0.72 1.02 1.64 2.27
38 0.61 0.78 1.11 1.80 2.48
39 0.67 0.85 1.20 1.97 2.71
40 0.72 0.92 1.30 2.15 2.96
41 0.78 0.99 1.40 2.34 3.21
42 0.84 1.07 1.51 2.54 3.47
43 0.90 1.15 1.62 2.75 3.76
44 0.97 1.24 1.75 2.99 4.07
45 1.05 1.34 1.89 3.24 4.41
46 1.14 1.45 2.05 3.51 4.77
47 1.24 1.57 2.21 3.79 5.16
48 1.35 1.71 2.40 4.10 5.57
49 1.47 1.85 2.60 4.43 6.03
50 1.61 2.02 2.83 4.82 6.55
51 1.77 2.20 3.08 5.24 7.12
52 1.93 2.40 3.35 5.69 7.73
53 2.11 2.62 3.64 6.19 8.39
54 2.31 2.86 3.97 3.74 9.14
55 2.54 3.13 4.35 7.36 9.99
56 2.78 3.42 4.75 8.02 10.91
57 3.04 3.72 5.18 8.71 11.87
58 3.33 4.06 5.65 9.49 12.95
59 3.66 4.45 6.21 10.38 14.20
60 4.07 4.93 6.87 11.46 15.69
61 4.65 5.61 7.82 12.99 17.83
62 5.23 6.29 8.77 14.52 19.96
63 5.81 6.97 9.73 16.05 22.10
64 6.40 7.65 10.68 17.59 24.23
65 6.98 8.33 11.63 19.12 26.37
Note for premium bands:
o $500,000 bands rates are $250,000 rates minus $0.10
o $100,000 band rates are $250,000 rates plus $0.20
o $ 50,000 band rates equal $100,000 band, but are only available in 'Standard'
classes.
CUNA Mutual Life Insurance Company
MEMBERS ▇▇▇▇▇ - ▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ per $1,000
Male, Band 4 : $500,000+
Add $50 Policy Fee
Non-Tobacco Tobacco
Iss ================================ ===================
Age Pref+ Pref Std Pref Std
=== ===== ==== ===== ===== =====
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16 0.46 0.60 0.86 1.32 1.87
17 0.46 0.60 0.86 1.32 1.87
18 0.46 0.60 0.86 1.32 1.87
19 0.46 0.60 0.86 1.32 1.87
20 0.46 0.60 0.86 1.32 1.87
21 0.44 0.58 0.83 1.28 1.81
22 0.42 0.56 0.80 1.23 1.74
23 0.40 0.53 0.77 1.19 1.68
24 0.39 0.51 0.74 1.14 1.62
25 0.37 0.49 0.71 1.10 1.56
26 0.36 0.48 0.69 1.08 1.54
27 0.35 0.47 0.68 1.07 1.52
28 0.35 0.46 0.68 1.07 1.52
29 0.35 0.46 0.68 1.08 1.53
30 0.35 0.46 0.68 1.10 1.56
31 0.35 0.46 0.69 1.12 1.58
32 0.35 0.47 0.70 1.14 1.61
33 0.36 0.48 0.71 1.17 1.66
34 0.37 0.49 0.74 1.22 1.73
35 0.39 0.52 0.78 1.30 1.84
36 0.42 0.56 0.84 1.41 1.99
37 0.47 0.62 0.92 1.54 2.17
38 0.51 0.68 1.01 1.70 2.38
39 0.57 0.75 1.10 1.87 2.61
40 0.62 0.82 1.20 2.05 2.86
41 0.68 0.89 1.30 2.28 3.11
42 0.74 0.97 1.41 2.44 3.37
43 0.80 1.05 1.52 2.65 3.66
44 0.87 1.14 1.65 2.89 3.97
45 0.95 1.24 1.79 3.14 4.31
46 1.04 1.35 1.95 3.41 4.67
47 1.14 1.47 2.11 3.69 5.06
48 1.25 1.61 2.30 4.00 5.47
49 1.37 1.75 2.50 4.33 5.93
50 1.51 1.92 2.73 4.72 6.45
51 1.67 2.10 2.98 5.14 7.02
52 1.83 2.30 3.25 5.59 7.63
53 2.01 2.52 3.54 6.09 8.29
54 2.21 2.76 3.87 6.64 9.04
55 2.44 3.03 4.25 7.26 9.89
56 2.68 3.32 4.65 7.92 10.81
57 2.94 3.62 5.08 8.61 11.77
58 3.23 3.96 5.55 9.39 12.85
59 3.56 4.35 6.11 10.28 14.10
60 3.97 4.83 6.77 11.36 15.59
61 4.55 5.51 7.72 12.89 17.73
62 5.13 6.19 8.67 14.42 19.86
63 5.71 6.87 9.63 15.95 22.00
64 6.30 7.55 10.58 17.49 24.13
65 6.88 8.23 11.53 19.02 26.27
Note for premium bands:
o $500,000 band rates are $250,000 rates minus $0.10
o $100,000 band rates are $250,000 rates plus $0.20
o $ 50,000 band rates equal $100,000 band, but are only available in 'Standard'
classes.
CUNA Mutual Life Insurance Company
MEMBERS ▇▇▇▇▇ - ▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ per $1,000
Female, Band 2 : $100,000-$249,999
Add $50 Policy Fee
Non-Tobacco Tobacco
Iss ================================ ===================
Age Pref+ Pref Std Pref Std
=== ===== ==== ===== ===== =====
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16 0.54 0.64 0.81 1.06 1.41
17 0.54 0.64 0.81 1.06 1.41
18 0.54 0.64 0.81 1.06 1.41
19 0.54 0.64 0.81 1.06 1.41
20 0.54 0.64 0.81 1.06 1.41
21 0.55 0.66 0.82 1.08 1.44
22 0.55 0.67 0.84 1.10 1.47
23 0.56 0.68 0.85 1.13 1.50
24 0.57 0.69 0.87 1.15 1.53
25 0.58 0.70 0.88 1.17 1.56
26 0.59 0.71 0.89 1.19 1.59
27 0.59 0.71 0.90 1.21 1.61
28 0.60 0.72 0.90 1.23 1.64
29 0.60 0.72 0.91 1.25 1.67
30 0.61 0.72 0.91 1.27 1.69
31 0.61 0.72 0.91 1.27 1.70
32 0.60 0.71 0.90 1.27 1.69
33 0.60 0.71 0.90 1.27 1.69
34 0.61 0.71 0.90 1.29 1.72
35 0.62 0.72 0.92 1.34 1.78
36 0.65 0.75 0.97 1.42 1.89
37 0.69 0.80 1.03 1.54 2.04
38 0.73 0.85 1.10 1.67 2.22
39 0.78 0.90 1.18 1.81 2.40
40 0.82 0.95 1.25 1.94 2.57
41 0.86 1.00 1.32 2.07 2.73
42 0.90 1.04 1.38 2.19 2.89
43 0.94 1.09 1.45 2.32 3.06
44 0.99 1.14 1.52 2.47 3.24
45 1.04 1.20 1.61 2.62 3.44
46 1.10 1.27 1.71 2.79 3.66
47 1.16 1.35 1.81 2.96 3.90
48 1.23 1.43 1.93 3.15 4.15
49 1.31 1.53 2.06 3.35 4.42
50 1.39 1.63 2.19 3.57 4.72
51 1.48 1.73 2.33 3.80 5.03
52 1.56 1.84 2.48 4.04 5.34
53 1.66 1.95 2.64 4.30 5.68
54 1.77 2.09 2.82 4.59 6.08
55 1.90 2.24 3.03 4.93 6.54
56 2.05 2.41 3.27 5.32 7.07
57 2.22 2.60 3.54 5.74 7.66
58 2.40 2.81 3.84 6.21 8.30
59 2.60 3.04 4.16 6.73 9.01`
60 2.83 3.30 4.52 7.29 9.78
61 3.11 3.62 4.97 8.00 10.76
62 3.40 3.94 5.42 8.71 11.74
63 3.68 4.26 5.87 9.42 12.72
64 3.97 4.58 6.32 10.13 13.70
65 4.25 4.90 6.77 10.84 14.68
Note for premium bands:
o $500,000 band rates are $250,000 rates minus $0.10
o $100,000 band rates are $250,000 rates plus $0.20
o $ 50,000 band rates equal $100,000 band, but are only available in 'Standard'
classes.
CUNA Mutual Life Insurance Company
MEMBERS ▇▇▇▇▇ - ▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ per $1,000
Female, Band 3 : $250,000-$499,9999
Add $50 Policy Fee
Non-Tobacco Tobacco
Iss ================================ ===================
Age Pref+ Pref Std Pref Std
=== ===== ==== ===== ===== =====
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16 0.34 0.44 0.61 0.86 1.21
17 0.34 0.44 0.61 0.86 1.21
18 0.34 0.44 0.61 0.86 1.21
19 0.34 0.44 0.61 0.86 1.21
20 0.34 0.44 0.61 0.86 1.21
21 0.35 0.46 0.62 0.88 1.24
22 0.35 0.47 0.64 0.90 1.27
23 0.36 0.48 0.65 0.93 1.30
24 0.37 0.49 0.67 0.95 1.33
25 0.38 0.50 0.68 0.97 1.36
26 0.39 0.51 0.69 0.99 1.39
27 0.39 0.51 0.70 1.01 1.41
28 0.40 0.52 0.70 1.03 1.44
29 0.40 0.52 0.71 1.05 1.47
30 0.41 0.52 0.71 1.07 1.49
31 0.41 0.52 0.71 1.07 1.50
32 0.40 0.51 0.70 1.07 1.49
33 0.40 0.51 0.70 1.07 1.49
34 0.41 0.51 0.70 1.09 1.52
35 0.42 0.52 0.72 1.14 1.58
36 0.45 0.55 0.77 1.22 1.69
37 0.49 0.60 0.83 1.34 1.84
38 0.53 0.65 0.90 1.47 2.02
39 0.58 0.70 0.98 1.61 2.20
40 0.62 0.75 1.05 1.74 2.37
41 0.66 0.80 1.12 1.87 2.53
42 0.70 0.84 1.18 1.99 2.69
43 0.74 0.89 1.25 2.12 2.86
44 0.79 0.94 1.32 2.27 3.04
45 0.84 1.00 1.41 2.42 3.24
46 0.90 1.07 1.51 2.59 3.46
47 0.96 1.15 1.61 2.76 3.70
48 1.03 1.23 1.73 2.95 3.95
49 1.11 1.33 1.86 3.15 4.22
50 1.19 1.43 1.99 3.37 4.52
51 1.28 1.53 2.13 3.60 4.83
52 1.36 1.64 2.28 3.84 5.14
53 1.46 1.75 2.44 4.10 5.48
54 1.57 1.89 2.62 4.39 5.88
55 1.70 2.04 2.83 4.73 6.34
56 1.85 2.21 3.07 5.12 6.87
57 2.02 2.40 3.34 5.54 7.46
58 2.20 2.61 3.64 6.01 8.10
59 2.40 2.84 3.96 6.53 8.81
60 2.63 3.10 4.32 7.09 9.58
61 2.91 3.42 4.77 7.80 10.56
62 3.20 3.74 5.22 8.51 11.54
63 3.48 4.06 5.67 9.22 12.52
64 3.77 4.38 6.12 9.93 13.50
65 4.05 4.70 6.57 10.64 14.48
Note for premium bands:
o $500,000 band rates are $250,000 rates minus $0.10
o $100,000 band rates are $250,000 rates plus $0.20
o $ 50,000 band rates equal $100,000 band, but are only available in 'Standard'
classes.
CUNA Mutual Life Insurance Company
MEMBERS ▇▇▇▇▇ - ▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ per $1,000
Female, Band 4 : $500,000+
Add $50 Policy Fee
Non-Tobacco Tobacco
Iss ================================ ===================
Age Pref+ Pref Std Pref Std
=== ===== ==== ===== ===== =====
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16 0.24 0.34 0.51 0.76 1.11
17 0.24 0.34 0.51 0.76 1.11
18 0.24 0.34 0.51 0.76 1.11
19 0.24 0.34 0.51 0.76 1.11
20 0.24 0.34 0.51 0.76 1.11
21 0.25 0.36 0.52 0.78 1.14
22 0.25 0.37 0.54 0.80 1.17
23 0.26 0.38 0.55 0.83 1.20
24 0.27 0.39 0.57 0.85 1.23
25 0.28 0.40 0.58 0.87 1.26
26 0.29 0.41 0.59 0.89 1.29
27 0.29 0.41 0.60 0.91 1.31
28 0.30 0.42 0.60 0.93 1.34
29 0.30 0.42 0.61 0.95 1.37
30 0.31 0.42 0.61 0.97 1.39
31 0.31 0.42 0.61 0.97 1.40
32 0.30 0.41 0.60 0.97 1.39
33 0.30 0.41 0.60 0.97 1.39
34 0.31 0.41 0.60 0.99 1.42
35 0.32 0.42 0.62 1.04 1.48
36 0.35 0.45 0.67 1.12 1.59
37 0.39 0.50 0.73 1.24 1.74
38 0.43 0.55 0.80 1.37 1.92
39 0.48 0.60 0.88 1.51 2.10
40 0.52 0.65 0.95 1.64 2.27
41 0.56 0.70 1.02 1.77 2.43
42 0.60 0.74 1.08 1.89 2.59
43 0.64 0.79 1.15 2.02 2.76
44 0.69 0.84 1.22 2.17 2.94
45 0.74 0.90 1.31 2.32 3.14
46 0.80 0.97 1.41 2.49 3.36
47 0.86 1.05 1.51 2.66 3.60
48 0.93 1.13 1.63 2.85 3.85
49 1.01 1.23 1.76 3.05 4.12
50 1.09 1.33 1.89 3.27 4.42
51 1.18 1.43 2.03 3.50 4.73
52 1.26 1.54 2.18 3.74 5.04
53 1.36 1.65 2.34 4.00 5.38
54 1.47 1.79 2.52 4.29 5.78
55 1.60 1.94 2.73 4.63 6.24
56 1.75 2.11 2.97 5.02 6.77
57 1.92 2.30 3.24 5.44 7.36
58 2.10 2.51 3.54 5.91 8.00
59 2.30 2.74 3.86 6.43 8.71
60 2.53 3.00 4.22 6.99 9.48
61 2.81 3.32 4.67 7.70 10.46
62 3.10 3.64 5.12 8.41 11.44
63 3.38 3.96 5.57 9.12 12.42
64 3.67 4.28 6.02 9.83 13.40
65 3.95 4.60 6.47 10.54 14.38
Note for premium bands:
o $500,000 band rates are $250,000 rates minus $0.10
o $100,000 band rates are $250,000 rates plus $0.20
o $ 50,000 band rates equal $100,000 band, but are only available in 'Standard'
classes.
CUNA Mutual Life Insurance Company
MEMBERS ▇▇▇▇▇ - ▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇ Level Premiums per $1,000
Male, Band 2: $100,000-$249,999
Add $50 Policy Fee
Non-Tobacco Tobacco
Iss ================================ ===================
Age Pref+ Pref Std Pref Std
=== ===== ==== ===== ===== =====
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16 0.81 0.95 1.24 1.62 2.05
17 0.81 0.95 1.24 1.62 2.05
18 0.81 0.95 1.24 1.62 2.05
19 0.81 0.95 1.24 1.62 2.05
20 0.81 0.95 1.24 1.62 2.05
21 0.82 0.96 1.25 1.65 2.09
22 0.84 0.98 1.27 1.67 2.12
23 0.85 0.99 1.28 1.70 2.15
24 0.86 1.01 1.30 1.72 2.19
25 0.87 1.02 1.31 1.75 2.22
26 0.88 1.04 1.33 1.79 2.28
27 0.90 1.06 1.36 1.84 2.34
28 0.92 1.08 1.39 1.89 2.41
29 0.93 1.10 1.42 1.95 2.49
30 0.95 1.12 1.45 2.00 2.57
31 0.96 1.14 1.48 2.05 2.63
32 0.96 1.15 1.50 2.09 2.69
33 0.97 1.16 1.53 2.13 2.76
34 0.99 1.19 1.58 2.21 2.86
35 1.03 1.24 1.65 2.33 3.02
36 1.10 1.32 1.75 2.50 3.24
37 1.18 1.42 1.88 2.72 3.52
38 1.28 1.53 2.03 2.97 3.83
39 1.38 1.65 2.19 3.24 4.17
40 1.50 1.79 2.35 3.53 4.53
41 1.61 1.92 2.52 3.82 4.90
42 1.74 2.05 2.68 4.14 5.29
43 1.87 2.20 2.86 4.49 5.70
44 2.02 2.37 3.07 4.86 6.16
45 2.19 2.57 3.32 5.27 6.68
46 2.38 2.79 3.60 5.71 7.24
47 2.59 3.03 3.91 6.18 7.85
48 2.82 3.30 4.25 6.68 8.51
49 3.07 3.60 4.63 7.24 9.22
50 3.36 3.93 5.06 7.85 10.01
51 3.74 4.36 5.60 8.62 11.00
52 4.11 4.80 6.15 9.39 11.99
53 4.49 5.23 6.70 10.16 12.97
54 4.86 5.67 7.24 10.93 13.96
55 5.24 6.10 7.79 11.70 14.95
Note for premium bands:
o $500,000 band rates are $250,000 rates minus $0.10
o $100,000 band rates are $250,000 rates plus $0.20
o $ 50,000 band rates equal $100,000 band, but are only available in 'Standard'
classes.
CUNA Mutual Life Insurance Company
MEMBERS ▇▇▇▇▇ - ▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇ Level Premiums per $1,000
Male, Band 3: $250,000-$499,999
Add $50 Policy Fee
Non-Tobacco Tobacco
Iss ================================ ===================
Age Pref+ Pref Std Pref Std
=== ===== ==== ===== ===== =====
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16 0.61 0.75 1.04 1.42 1.85
17 0.61 0.75 1.04 1.42 1.85
18 0.61 0.75 1.04 1.42 1.85
19 0.61 0.75 1.04 1.42 1.85
20 0.61 0.75 1.04 1.42 1.85
21 0.62 0.76 1.05 1.45 1.89
22 0.64 0.78 1.07 1.47 1.92
23 0.65 0.79 1.08 1.50 1.95
24 0.66 0.81 1.10 1.52 1.99
25 0.67 0.82 1.11 1.55 2.02
26 0.68 0.84 1.13 1.59 2.08
27 0.70 0.86 1.16 1.64 2.14
28 0.72 0.88 1.19 1.69 2.21
29 0.73 0.90 1.22 1.75 2.29
30 0.75 0.92 1.25 1.80 2.37
31 0.76 0.94 1.28 1.85 2.43
32 0.76 0.95 1.30 1.89 2.49
33 0.77 0.96 1.33 1.93 2.56
34 0.79 0.99 1.38 2.01 2.66
35 0.83 1.04 1.45 2.13 2.82
36 0.90 1.12 1.55 2.30 3.04
37 0.98 1.22 1.68 2.52 3.32
38 1.08 1.33 1.83 2.77 3.63
39 1.18 1.45 1.99 3.04 3.97
40 1.30 1.59 2.15 3.32 4.33
41 1.41 1.72 2.32 3.62 4.70
42 1.54 1.85 2.48 3.94 5.09
43 1.67 2.00 2.66 4.29 5.50
44 1.82 2.17 2.87 4.66 5.96
45 1.99 2.37 3.12 5.07 6.48
46 2.18 2.59 3.40 5.51 7.04
47 2.39 2.83 3.71 5.98 7.65
48 2.62 3.10 4.05 6.48 8.31
49 2.87 3.40 4.43 7.04 9.02
50 3.16 3.73 4.86 7.65 9.81
51 3.54 4.16 5.40 8.42 10.80
52 3.91 4.60 5.95 9.19 11.79
53 4.29 5.03 6.50 9.96 12.77
54 4.66 5.47 7.04 10.73 13.76
55 5.04 5.90 7.59 11.50 14.75
Note for premium bands:
o $500,000 band rates are $250,000 rates minus $0.10
o $100,000 band rates are $250,000 rates plus $0.20
o $50,000 band rates equal $100,000 band, but are only available in 'Standard'
classes.
CUNA Mutual Life Insurance Company
MEMBERS ▇▇▇▇▇ - ▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇ Level Premiums per $1,000
Male, Band 4: $500,000+
Add $50 Policy Fee
Non-Tobacco Tobacco
Iss ================================ ===================
Age Pref+ Pref Std Pref Std
=== ===== ==== ===== ===== =====
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16 0.51 0.65 0.94 1.32 1.75
17 0.51 0.65 0.94 1.32 1.75
18 0.51 0.65 0.94 1.32 1.75
19 0.51 0.65 0.94 1.32 1.75
20 0.51 0.65 0.94 1.32 1.75
21 0.52 0.66 0.95 1.35 1.79
22 0.54 0.68 0.97 1.37 1.82
23 0.55 0.69 0.98 1.40 1.85
24 0.56 0.71 1.00 1.42 1.89
25 0.57 0.72 1.01 1.45 1.92
26 0.58 0.74 1.03 1.49 1.98
27 0.60 0.76 1.06 1.54 2.04
28 0.62 0.78 1.09 1.59 2.11
29 0.63 0.80 1.12 1.65 2.19
30 0.65 0.82 1.15 1.70 2.27
31 0.66 0.84 1.18 1.75 2.33
32 0.66 0.85 1.20 1.79 2.39
33 0.67 0.86 1.23 1.83 2.46
34 0.69 0.89 1.28 1.91 2.56
35 0.73 0.94 1.35 2.03 2.72
36 0.80 1.02 1.45 2.20 2.94
37 0.88 1.12 1.58 2.42 3.22
38 0.98 1.23 1.73 2.67 3.53
39 1.08 1.35 1.89 2.94 3.87
40 1.20 1.49 2.05 3.22 4.23
41 1.31 1.62 2.22 3.52 4.60
42 1.44 1.75 2.38 3.84 4.99
43 1.57 1.90 2.56 4.19 5.40
44 1.72 2.07 2.77 4.56 5.86
45 1.89 2.27 3.02 4.97 6.38
46 2.08 2.49 3.30 5.41 6.94
47 2.29 2.73 3.61 5.88 7.55
48 2.52 3.00 3.95 6.38 8.21
49 2.77 3.30 4.33 6.94 8.92
50 3.06 3.63 4.76 7.55 9.71
51 3.44 4.06 5.30 8.32 10.70
52 3.81 4.50 5.85 9.09 11.69
53 4.19 4.93 6.40 9.86 12.67
54 4.56 5.37 6.94 10.63 13.66
55 4.94 5.80 7.49 11.40 14.65
Note for premium bands:
o $500,000 band rates are $250,000 rates minus $0.10
o $100,000 band rates are $250,000 rates plus $0.20
o $50,000 band rates equal $100,000 band, but are only available in 'Standard'
classes.
CUNA Mutual Life Insurance Company
MEMBERS ▇▇▇▇▇ - ▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇ Level Premiums per $1,000
Female, Band 2: $100,000-$249,999
Add $50 Policy Fee
Non-Tobacco Tobacco
Iss ================================ ===================
Age Pref+ Pref Std Pref Std
=== ===== ==== ===== ===== =====
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16 0.60 0.69 0.93 1.09 1.38
17 0.60 0.69 0.93 1.09 1.38
18 0.60 0.69 0.93 1.09 1.38
19 0.60 0.69 0.93 1.09 1.38
20 0.60 0.69 0.93 1.09 1.38
21 0.63 0.73 0.98 1.16 1.47
22 0.67 0.77 1.03 1.23 1.56
23 0.70 0.80 1.08 1.30 1.65
24 0.73 0.84 1.14 1.37 1.74
25 0.76 0.88 1.19 1.44 1.83
26 0.79 0.91 1.23 1.50 1.91
27 0.81 0.94 1.26 1.56 1.99
28 0.83 0.96 1.29 1.61 2.06
29 0.85 0.98 1.31 1.67 2.13
30 0.86 1.00 1.33 1.71 2.19
31 0.87 1.01 1.33 1.74 2.23
32 0.87 1.01 1.32 1.75 2.25
33 0.88 1.01 1.31 1.77 2.27
34 0.89 1.01 1.31 1.80 2.32
35 0.91 1.04 1.34 1.87 2.41
36 0.95 1.09 1.40 1.98 2.56
37 1.01 1.15 1.49 2.12 2.74
38 1.07 1.23 1.60 2.28 2.95
39 1.14 1.31 1.71 2.45 3.18
40 1.20 1.39 1.82 2.63 3.41
41 1.27 1.46 1.93 2.80 3.63
42 1.33 1.54 2.04 2.98 3.87
43 1.39 1.62 2.15 3.16 4.11
44 1.47 1.71 2.28 3.37 4.38
45 1.57 1.82 2.43 3.60 4.68
46 1.69 1.95 2.60 3.85 5.00
47 1.82 2.09 2.79 4.12 5.34
48 1.96 2.25 2.99 4.42 5.71
49 2.12 2.43 3.22 4.74 6.11
50 2.31 2.63 3.48 5.11 6.56
51 2.55 2.90 3.81 5.57 7.12
52 2.79 3.16 4.13 6.04 7.69
53 3.03 3.42 4.46 6.50 8.26
54 3.27 3.68 4.79 6.97 8.82
55 3.51 3.94 5.12 7.43 9.39
Note for premium bands:
o $500,000 band rates are $250,000 rates minus $0.10
o $100,000 band rates are $250,000 rates plus $0.20
o $ 50,000 band rates equal $100,000 band, but are only available in 'Standard'
classes.
CUNA Mutual Life Insurance Company
MEMBERS ▇▇▇▇▇ - ▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇ Level Premiums per $1,000
Female, Band 3: $250,000-$499,999
Add $50 Policy Fee
Non-Tobacco Tobacco
Iss ================================ ===================
Age Pref+ Pref Std Pref Std
=== ===== ==== ===== ===== =====
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16 0.40 0.49 0.73 0.89 1.18
17 0.40 0.49 0.73 0.89 1.18
18 0.40 0.49 0.73 0.89 1.18
19 0.40 0.49 0.73 0.89 1.18
20 0.40 0.49 0.73 0.89 1.18
21 0.43 0.53 0.78 0.96 1.27
22 0.47 0.57 0.83 1.03 1.36
23 0.50 0.60 0.88 1.10 1.45
24 0.53 0.64 0.94 1.17 1.54
25 0.56 0.68 0.99 1.24 1.63
26 0.59 0.71 1.03 1.30 1.71
27 0.61 0.74 1.06 1.36 1.79
28 0.63 0.76 1.09 1.41 1.86
29 0.65 0.78 1.11 1.47 1.93
30 0.66 0.80 1.13 1.51 1.99
31 0.67 0.81 1.13 1.54 2.03
32 0.67 0.81 1.12 1.55 2.05
33 0.68 0.81 1.11 1.57 2.07
34 0.69 0.81 1.11 1.60 2.12
35 0.71 0.84 1.14 1.67 2.21
36 0.75 0.89 1.20 1.78 2.36
37 0.81 0.95 1.29 1.92 2.54
38 0.87 1.03 1.40 2.08 2.75
39 0.94 1.11 1.51 2.25 2.98
40 1.00 1.19 1.62 2.43 3.21
41 1.07 1.26 1.73 2.60 3.43
42 1.13 1.34 1.84 2.78 3.67
43 1.19 1.42 1.95 2.96 3.91
44 1.27 1.51 2.08 3.17 4.18
45 1.37 1.62 2.23 3.40 4.48
46 1.49 1.75 2.40 3.65 4.80
47 1.62 1.89 2.59 3.92 5.14
48 1.76 2.05 2.79 4.22 5.51
49 1.92 2.23 3.02 4.54 5.91
50 2.11 2.43 3.28 4.91 6.36
51 2.35 2.70 3.61 5.37 6.92
52 2.59 2.96 3.93 5.84 7.49
53 2.83 3.22 4.26 6.30 8.06
54 3.07 3.48 4.59 6.77 8.62
55 3.31 3.74 4.92 7.23 9.19
Note for premium bands:
o $500,000 band rates are $250,000 rates minus $0.10
o $100,000 band rates are $250,000 rates plus $0.20
o $ 50,000 band rates equal $100,000 band, but are only available in 'Standard'
classes.
CUNA Mutual Life Insurance Company
MEMBERS ▇▇▇▇▇ - ▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ per $1,000
Female, Band 4 : $500,000+
Add $50 Policy Fee
Non-Tobacco Tobacco
Iss ================================ ===================
Age Pref+ Pref Std Pref Std
=== ===== ==== ===== ===== =====
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16 0.30 0.39 0.63 0.79 1.08
17 0.30 0.39 0.63 0.79 1.08
18 0.30 0.39 0.63 0.79 1.08
19 0.30 0.39 0.63 0.79 1.08
20 0.30 0.39 0.63 0.79 1.08
21 0.33 0.43 0.68 0.86 1.17
22 0.37 0.47 0.73 0.93 1.26
23 0.40 0.50 0.78 1.00 1.35
24 0.43 0.54 0.84 1.07 1.44
25 0.46 0.58 0.89 1.14 1.53
26 0.49 0.61 0.93 1.20 1.61
27 0.51 0.64 0.96 1.26 1.69
28 0.53 0.66 0.99 1.31 1.76
29 0.55 0.68 1.01 1.37 1.83
30 0.56 0.70 1.03 1.41 1.89
31 0.57 0.71 1.03 1.44 1.93
32 0.57 0.71 1.02 1.45 1.95
33 0.58 0.71 1.01 1.47 1.97
34 0.59 0.71 1.01 1.50 2.02
35 0.61 0.74 1.04 1.57 2.11
36 0.65 0.79 1.10 1.68 2.26
37 0.71 0.85 1.19 1.82 2.44
38 0.77 0.93 1.30 1.98 2.65
39 0.84 1.01 1.41 2.15 2.88
40 0.90 1.09 1.52 2.33 3.11
41 0.97 1.16 1.63 2.50 3.33
42 1.03 1.24 1.74 2.68 3.57
43 1.09 1.32 1.85 2.86 3.81
44 1.17 1.41 1.98 3.07 4.08
45 1.27 1.52 2.13 3.30 4.38
46 1.39 1.65 2.30 3.55 4.70
47 1.52 1.79 2.49 3.82 5.04
48 1.66 1.95 2.69 4.12 5.41
49 1.82 2.13 2.92 4.44 5.81
50 2.01 2.33 3.18 4.81 6.26
51 2.25 2.60 3.51 5.27 6.82
52 2.49 2.86 3.83 5.74 7.39
53 2.73 3.12 4.16 6.20 7.96
54 2.97 3.38 4.49 6.67 8.52
55 3.21 3.64 4.82 7.13 9.09
Note for premium bands:
o $500,000 band rates are $250,000 rates minus $0.10
o $100,000 band rates are $250,000 rates plus $0.20
o $ 50,000 band rates equal $100,000 band, but are only available in 'Standard'
classes.
CUNA Mutual Life Insurance Company
MEMBERS Level-10 2000 and MEMBERS Level-20 2000
Annually Increasing Premiums per $1,000
For Durations 11+ or 21+
All Bands
Standard, Preferred, and Preferred Plus Classes
Male Female Male Female
Att =============== ============== Att ================ ================
Age Nontob Tob NonTob Tob Age NonTob Tob Nontob Tob
=== ======= === ======= ==== ==== ======= ====== ======= ======
10 1.15 1.00 50 6.16 12.00 5.21 8.12
11 1.15 1.00 51 6.72 13.12 5.60 8.71
12 1.15 1.00 52 7.37 14.38 6.06 9.38
13 1.28 1.00 53 8.11 15.80 6.56 10.13
14 1.49 1.00 54 8.94 17.36 7.08 10.88
15 1.70 1.04 55 9.86 19.03 7.63 11.66
16 1.91 1.10 56 10.87 20.80 8.18 12.43
17 2.06 1.15 57 11.94 22.66 8.72 13.15
18 2.18 1.20 58 13.13 24.61 9.26 13.86
19 2.26 1.24 59 14.46 26.71 9.88 14.62
20 2.02 1.21 60 15.95 29.05 10.60 15.52
21 1.99 1.24 61 17.60 31.69 11.48 16.64
22 1.96 1.25 62 19.51 34.67 12.59 18.10
23 1.91 1.27 63 21.67 37.99 13.94 19.86
24 1.86 1.30 64 24.07 41.63 15.47 21.83
25 1.80 1.32 65 26.70 45.48 17.11 23.90
26 1.76 2.48 1.36 1.63 66 29.54 49.51 18.82 26.02
27 1.74 2.46 1.38 1.68 67 32.59 53.69 20.56 28.06
28 1.73 2.46 1.42 1.74 68 35.90 58.07 22.36 30.23
29 1.73 2.50 1.46 1.81 69 39.58 62.82 24.36 32.47
30 1.74 2.56 1.50 1.90 70 43.73 68.06 26.71 35.02
31 1.78 2.64 1.55 1.97 71 48.47 73.96 29.58 38.38
32 1.82 2.75 1.60 2.05 72 53.94 80.62 33.10 42.49
33 1.90 2.89 1.66 2.16 73 60.13 88.00 37.31 47.39
34 1.98 3.06 1.73 2.28 74 66.94 96.08 42.16 52.97
35 2.08 3.26 1.81 2.41 75 74.21 104.72 47.57 59.06
36 2.18 3.50 1.93 2.62 76 81.89 113.56 53.42 65.54
37 2.33 3.80 2.08 2.86 77 89.92 122.42 59.70 72.31
38 2.48 4.14 2.23 3.13 78 98.34 131.39 66.49 79.46
39 2.65 4.52 2.40 3.43 79 107.42 140.76 74.02 87.25
40 2.86 4.97 2.60 3.79 80 117.46 150.85 82.57 95.98
41 3.07 5.45 2.82 4.18 81 128.70 161.95 92.41 105.88
42 3.30 5.98 3.04 4.56 82 141.38 174.25 103.75 117.13
43 3.55 6.55 3.25 4.94 83 155.45 187.55 116.54 130.13
44 3.83 7.19 3.47 5.33 84 170.62 201.40 130.64 144.22
45 4.14 7.86 3.71 5.74 85 186.54 215.33 145.90 159.18
46 4.48 8.56 3.96 6.16 86 203.02 229.01 162.19 174.90
47 4.84 9.31 4.24 6.59 87 219.79 243.05 179.51 191.22
48 5.23 10.13 4.52 7.06 88 236.80 257.68 197.86 208.22
49 5.66 11.02 4.85 7.57 89 254.27 272.22 217.38 225.90
EXHIBIT II
EXPENSE ALLOWANCES
1. LIFE - STANDARD AND SUBSTANDARD
First Year Renewal Years
Plan All Classes P+NS PNS SNS PSM SSM
---- ----------- ---- --- --- --- ---
MEMBERS ▇▇▇▇▇ ▇▇ 100% 22% 19% 12% 20% 23%
MEMBERS ▇▇▇▇▇ ▇▇ 100% 17% 17% 15% 15% 20%
2. FLAT EXTRA
Terms of Your First Renewal
Flat Extra Premium Year Years
More than 5 years 85% 15%
5 years or less 15% 15%
EXHIBIT III
YRT RATES
YRT RATES FOR CONVERSIONS
Male ALB Preferred Nonsmoker
Duration
Issue Age 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
0 0.58 0.36 0.24 0.22 0.19 0.17 0.16 0.15 0.14 0.14 0.15 0.17 0.20 0.24 0.34 0.44
1 0.24 0.22 0.20 0.17 0.14 0.12 0.12 0.12 0.13 0.15 0.17 0.20 0.24 0.34 0.42 0.56
2 0.18 0.18 0.16 0.14 0.12 0.12 0.12 0.13 0.15 0.17 0.20 0.24 0.32 0.42 0.54 0.61
3 0.17 0.15 0.13 0.12 0.12 0.11 0.13 0.15 0.17 0.20 0.24 0.32 0.38 0.54 0.61 0.66
4 0.15 0.12 0.12 0.12 0.11 0.13 0.15 0.17 0.20 0.23 0.32 0.38 0.49 0.58 0.66 0.70
5 0.12 0.12 0.12 0.11 0.13 0.15 0.17 0.20 0.22 0.32 0.38 0.49 0.56 0.61 0.69 0.72
6 0.11 0.11 0.11 0.13 0.15 0.17 0.20 0.22 0.30 0.38 0.49 0.56 0.60 0.63 0.71 0.73
7 0.10 0.11 0.13 0.15 0.17 0.20 0.22 0.30 0.37 0.47 0.56 0.60 0.62 0.64 0.72 0.73
8 0.10 0.11 0.14 0.17 0.19 0.22 0.30 0.37 0.47 0.55 0.60 0.62 0.64 0.67 0.71 0.72
9 0.10 0.12 0.16 0.19 0.22 0.30 0.37 0.47 0.55 0.59 0.62 0.64 0.67 0.69 0.70 0.71
10 0.11 0.14 0.18 0.22 0.30 0.37 0.47 0.55 0.59 0.62 0.64 0.67 0.69 0.69 0.68 0.69
11 0.14 0.17 0.21 0.30 0.37 0.47 0.55 0.59 0.62 0.64 0.67 0.69 0.69 0.67 0.65 0.66
12 0.16 0.21 0.30 0.37 0.47 0.55 0.59 0.62 0.63 0.67 0.69 0.69 0.67 0.64 0.62 0.63
13 0.20 0.30 0.37 0.47 0.53 0.58 0.61 0.63 0.63 0.66 0.67 0.67 0.64 0.61 0.60 0.62
14 0.29 0.37 0.47 0.53 0.56 0.60 0.62 0.63 0.62 0.63 0.63 0.63 0.61 0.59 0.59 0.60
15 0.37 0.47 0.53 0.56 0.59 0.61 0.62 0.62 0.61 0.61 0.60 0.60 0.58 0.58 0.58 0.59
16 0.47 0.53 0.56 0.59 0.61 0.61 0.61 0.60 0.59 0.58 0.57 0.57 0.56 0.57 0.57 0.58
17 0.53 0.56 0.59 0.61 0.60 0.59 0.59 0.58 0.56 0.55 0.54 0.55 0.54 0.55 0.57 0.58
18 0.53 0.55 0.57 0.58 0.57 0.56 0.56 0.54 0.53 0.51 0.51 0.53 0.52 0.54 0.57 0.59
19 0.50 0.53 0.53 0.54 0.53 0.52 0.51 0.50 0.49 0.49 0.50 0.50 0.51 0.54 0.57 0.60
20 0.47 0.49 0.49 0.49 0.49 0.48 0.47 0.46 0.47 0.47 0.48 0.49 0.51 0.54 0.58 0.62
21 0.43 0.44 0.44 0.45 0.45 0.44 0.43 0.45 0.45 0.45 0.47 0.49 0.50 0.55 0.60 0.65
22 0.38 0.39 0.39 0.40 0.40 0.40 0.40 0.41 0.42 0.44 0.47 0.49 0.51 0.56 0.62 0.69
23 0.38 0.38 0.38 0.39 0.40 0.40 0.40 0.41 0.43 0.45 0.48 0.51 0.54 0.59 0.66 0.73
24 0.38 0.38 0.38 0.38 0.40 0.40 0.41 0.42 0.44 0.47 0.50 0.54 0.57 0.63 0.71 0.79
25 0.37 0.37 0.37 0.38 0.39 0.40 0.42 0.43 0.45 0.49 0.53 0.57 0.61 0.69 0.76 0.85
26 0.36 0.36 0.37 0.38 0.39 0.41 0.43 0.44 0.48 0.52 0.56 0.60 0.67 0.75 0.83 0.93
27 0.35 0.35 0.37 0.38 0.40 0.42 0.44 0.47 0.50 0.56 0.60 0.66 0.73 0.82 0.91 1.02
28 0.34 0.35 0.37 0.40 0.42 0.44 0.47 0.50 0.55 0.60 0.66 0.72 0.80 0.90 1.01 1.14
29 0.34 0.35 0.39 0.42 0.44 0.47 0.50 0.55 0.60 0.66 0.72 0.79 0.88 1.01 1.13 1.27
30 0.33 0.35 0.41 0.44 0.47 0.50 0.55 0.60 0.65 0.72 0.79 0.88 1.01 1.13 1.26 1.42
31 0.33 0.36 0.43 0.47 0.50 0.55 0.60 0.65 0.72 0.79 0.88 1.01 1.13 1.26 1.41 1.60
32 0.33 0.37 0.45 0.50 0.55 0.60 0.65 0.72 0.79 0.88 1.01 1.13 1.26 1.41 1.58 1.78
33 0.33 0.38 0.47 0.54 0.59 0.65 0.71 0.78 0.87 0.97 1.11 1.25 1.40 1.58 1.76 1.99
34 0.33 0.40 0.50 0.58 0.64 0.71 0.77 0.86 0.97 1.09 1.23 1.39 1.56 1.76 1.96 2.20
35 0.34 0.41 0.54 0.62 0.70 0.77 0.86 0.97 1.09 1.21 1.37 1.54 1.74 1.95 2.18 2.44
36 0.35 0.43 0.58 0.68 0.77 0.86 0.97 1.09 1.21 1.37 1.52 1.71 1.92 2.16 2.41 2.69
37 0.36 0.46 0.63 0.75 0.86 0.97 1.09 1.21 1.37 1.52 1.68 1.88 2.13 2.39 2.66 2.97
38 0.38 0.49 0.67 0.81 0.93 1.05 1.18 1.31 1.48 1.64 1.83 2.06 2.33 2.63 2.93 3.28
39 0.41 0.52 0.73 0.87 1.00 1.13 1.27 1.41 1.59 1.77 1.99 2.24 2.56 2.90 3.23 3.61
40 0.43 0.57 0.80 0.95 1.10 1.23 1.38 1.52 1.70 1.91 2.14 2.44 2.80 3.19 3.55 3.97
41 0.46 0.62 0.87 1.05 1.19 1.33 1.49 1.63 1.81 2.04 2.31 2.65 3.07 3.49 3.90 4.38
42 0.50 0.69 0.97 1.15 1.30 1.44 1.59 1.74 1.92 2.17 2.49 2.88 3.35 3.84 4.29 4.83
43 0.55 0.76 1.05 1.25 1.42 1.58 1.74 1.90 2.10 2.37 2.71 3.11 3.62 4.14 4.64 5.32
44 0.59 0.84 1.14 1.37 1.55 1.73 1.90 2.07 2.28 2.57 2.94 3.38 3.92 4.47 5.03 5.89
45 0.64 0.94 1.24 1.48 1.68 1.88 2.07 2.26 2.48 2.78 3.20 3.67 4.24 4.84 5.45 6.52
46 0.69 1.04 1.34 1.60 1.83 2.04 2.26 2.46 2.69 3.02 3.47 3.98 4.59 5.23 5.92 7.21
47 0.75 1.15 1.44 1.72 1.97 2.22 2.46 2.66 2.92 3.27 3.78 4.33 4.98 5.66 6.43 7.97
48 0.81 1.21 1.51 1.81 2.09 2.36 2.63 2.88 3.19 3.58 4.18 4.80 5.50 6.21 6.97 8.78
49 0.86 1.26 1.58 1.89 2.20 2.50 2.81 3.11 3.48 3.93 4.63 5.34 6.07 6.79 7.56 9.68
50 0.92 1.31 1.64 1.98 2.32 2.65 3.01 3.37 3.80 4.32 5.15 5.93 6.68 7.41 8.17 10.65
YRT RATES FOR CONVERSIONS
Male ALB Preferred Nonsmoker
Duration
Issue Age 1 2 3 4 5 6 7 8 9 10
51 0.98 1.35 1.70 2.05 2.44 2.80 3.21 3.65 4.17 4.75
52 1.03 1.38 1.74 2.12 2.56 2.96 3.43 3.96 4.57 5.22
53 1.12 1.50 1.90 2.32 2.80 3.23 3.75 4.33 4.98 5.71
54 1.20 1.63 2.08 2.55 3.06 3.54 4.11 4.73 5.42 6.23
55 1.29 1.77 2.27 2.79 3.36 3.88 4.50 5.15 5.88 6.79
56 1.39 1.92 2.49 3.07 3.69 4.24 4.91 5.61 6.38 7.40
57 1.50 2.09 2.72 3.38 4.06 4.64 5.35 6.09 6.91 8.06
58 1.59 2.24 3.01 3.70 `4.46 5.00 5.75 6.54 7.40 8.61
59 1.67 2.39 3.31 4.05 4.90 5.39 6.16 7.01 7.94 9.19
60 1.77 2.55 3.65 4.41 5.38 5.80 6.60 7.51 8.50 9.80
61 1.86 2.71 4.00 4.81 5.80 6.47 7.07 8.05 9.08 10.42
62 1.94 2.88 4.39 5.24 6.47 6.70 7.56 8.61 9.69 11.04
63 2.16 3.21 4.79 5.82 6.70 7.54 8.54 9.69 10.94 12.25
64 2.39 3.58 5.22 6.46 7.54 8.47 9.63 10.87 12.25 13.61
65 2.64 3.98 5.70 7.19 8.47 9.50 10.83 12.17 13.61 15.23
66 2.93 4.44 6.22 7.98 9.50 10.72 12.14 13.61 15.23 17.51
67 3.24 4.94 6.78 8.85 10.72 11.87 13.61 15.23 17.51 18.56
68 3.57 5.44 7.46 9.71 11.74 12.99 14.90 16.70 18.56 20.36
69 3.93 5.98 8.18 10.63 12.85 14.23 16.34 18.31 20.36 22.33
70 4.32 6.56 8.96 11.64 14.08 15.59 17.92 20.09 22.33 24.46
71 6.56 8.96 11.64 14.08 15.59 17.92 20.09 22.33 24.46 27.22
72 8.96 11.64 14.08 15.59 17.92 20.09 22.33 24.46 27.22 30.36
73 11.64 14.08 15.59 17.92 20.09 22.33 24.46 27.22 30.36 34.82
74 14.08 15.59 17.92 20.09 22.33 24.46 27.22 30.36 34.82 40.85
75 15.59 17.92 20.09 22.33 24.46 27.22 30.36 34.82 40.85 44.92
76 17.92 20.09 22.33 24.46 27.22 30.36 34.82 40.85 44.92 65.87
77 20.09 22.33 24.46 27.22 30.36 34.82 40.85 44.92 65.87 71.68
78 22.33 24.46 27.22 30.36 34.82 40.85 44.92 65.87 71.68 77.92
79 24.46 27.22 30.36 34.82 40.85 44.92 65.87 71.68 77.92 84.55
80 27.22 30.36 34.82 40.85 44.92 65.87 71.68 77.92 84.55 91.45
81 30.36 34.82 40.85 44.92 65.87 71.68 77.92 84.55 91.45 98.58
82 34.82 40.85 44.92 65.87 71.68 77.92 84.55 91.45 98.58 105.92
83 40.85 44.92 65.87 71.68 77.92 84.55 91.45 98.58 105.92 113.48
84 44.92 65.87 71.68 77.92 84.55 91.45 98.58 105.92 113.48 121.26
85 65.87 71.68 77.92 84.55 91.45 98.58 105.92 113.48 121.26 129.26
86 71.68 77.92 84.55 91.45 98.58 105.92 113.48 121.26 129.26 137.47
87 77.92 84.55 91.45 98.58 105.92 113.48 121.26 129.26 137.47 145.91
88 84.55 91.45 98.58 105.92 113.48 121.26 129.26 137.47 145.91 154.56
89 91.45 98.58 105.92 113.48 121.26 129.26 137.47 145.91 154.56 163.43
90 98.58 105.92 113.48 121.26 129.26 137.47 145.91 154.56 163.43 172.52
91 105.92 113.48 121.26 129.26 137.47 145.91 154.56 163.43 172.52 181.83
92 113.48 121.26 129.26 137.47 145.91 154.56 163.43 172.52 181.83
93 121.26 129.26 137.47 145.91 154.56 163.43 172.52 181.83
94 129.26 137.47 145.91 154.56 163.43 172.52 181.83
95 137.47 145.91 154.56 163.43 172.52 181.83
96 145.91 154.56 163.43 172.52 181.83
97 154.56 163.43 172.52 181.83
98 163.43 172.52 181.83
99 172.52 181.83
Issue Age 11 12 13 14 15 16
51 5.71 6.58 7.34 8.08 8.83 11.73
52 6.33 7.28 8.07 8.81 9.54 12.92
53 6.91 7.96 8.81 9.54 10.68 14.23
54 7.53 8.70 9.54 10.68 11.94 15.67
55 8.20 9.51 10.68 11.88 13.35 17.23
56 8.93 10.39 11.80 13.12 14.90 18.90
57 9.73 11.36 12.98 14.47 16.58 20.70
58 10.34 12.01 13.72 15.32 17.64 22.66
59 10.97 12.66 14.46 16.18 18.75 24.81
60 11.60 13.29 15.17 17.05 19.91 27.20
61 12.23 13.89 15.89 17.95 21.14 29.83
62 12.84 14.49 16.62 18.88 22.44 32.73
63 14.12 15.91 18.28 20.95 24.55 35.89
64 15.52 17.51 20.12 23.25 26.85 39.31
65 17.51 19.21 22.15 25.79 29.34 43.00
66 18.81 21.13 24.38 28.57 32.01 46.92
67 20.72 23.22 26.80 31.61 34.83 51.08
68 22.72 25.44 29.31 34.49 37.92 55.58
69 24.89 27.83 31.99 37.55 41.26 60.51
70 27.22 30.36 34.82 40.85 44.92 65.87
71 30.36 34.82 40.85 44.92 65.87 71.68
72 34.82 40.85 44.92 65.87 71.68 77.92
73 40.85 44.92 65.87 71.68 77.92 84.55
74 44.92 65.87 71.68 77.92 84.55 91.45
75 65.87 71.68 77.92 84.55 91.45 98.58
76 71.68 77.92 84.55 91.45 98.58 105.92
77 77.92 84.55 91.45 98.58 105.92 113.48
78 84.55 91.45 98.58 105.92 113.48 121.26
79 91.45 98.58 105.92 113.48 121.26 129.26
80 98.58 105.92 113.48 121.26 129.26 137.47
81 105.92 113.48 121.26 129.26 137.47 145.91
82 113.48 121.26 129.26 137.47 145.91 154.56
83 121.26 129.26 137.47 145.91 154.56 163.43
84 129.26 137.47 145.91 154.56 163.43 172.52
85 137.47 145.91 154.56 163.43 172.52 181.83
86 145.91 154.56 163.43 172.52 181.83
87 154.56 163.43 172.52 181.83
88 163.43 172.52 181.83
89 172.52 181.83
90 181.83
YRT RATES FOR CONVERSIONS
Male ALB Standard Nonsmoker
Duration
Issue Age 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
0 0.78 0.49 0.33 0.29 0.26 0.22 0.22 0.20 0.19 0.19 0.20 0.23 0.27 0.32 0.46 0.60
1 0.32 0.30 0.27 0.23 0.19 0.16 0.16 0.16 0.18 0.20 0.23 0.27 0.32 0.46 0.56 0.76
2 0.24 0.25 0.22 0.18 0.16 0.16 0.16 0.18 0.20 0.23 0.27 0.32 0.43 0.56 0.73 0.83
3 0.23 0.20 0.18 0.16 0.16 0.15 0.18 0.20 0.23 0.27 0.32 0.43 0.52 0.73 0.82 0.89
4 Q.20 0.17 0.16 0.16 0.15 0.18 0.20 0.23 0.27 0.31 0.43 0.52 0.67 0.78 0.88 0.94
5 0.16 0.16 0.16 0.15 0.18 0.20 0.23 0.27 0.30 0.43 0.52 0.67 0.76 0.82 0.92 0.97
6 0.15 0.15 0.15 0.18 0.20 0.23 0.27 0.30 0.41 0.52 0.67 0.76 0.80 0.85 0.95 0.99
7 0.13 0.15 0.18 0.20 0.23 0.27 0.30 0.40 0.50 0.64 0.76 0.80 0.84 0.86 0.97 0.99
8 0.13 0.15 0.18 0.22 0.26 0.30 0.40 0.50 0.64 0.74 0.80 0.84 0.86 0.90 0.96 0.97
9 0.14 0.16 0.21 0.25 0.30 0.40 0.50 0.64 0.74 0.80 0.84 0.86 0.90 0.92 0.94 0.95
10 0.15 0.19 0.24 0.29 0.40 0.50 0.64 0.74 0.80 0.83 0.86 0.90 0.92 0.93 0.91 0.92
11 0.18 0.22 0.28 0.40 0.50 0.64 0.74 0.80 0.83 0.86 0.90 0.92 0.93 0.90 0.88 0.89
12 0.22 0.28 0.40 0.50 0.63 0.74 0.80 0.83 0.85 0.90 0.92 0.93 0.90 0.86 0.83 0.85
13 0.27 0.40 0.50 0.63 0.71 0.78 0.83 Q.85 0.85 0.88 0.90 0.90 0.86 0.83 0.80 0.83
14 0.39 0.50 0.63 0.71 0.76 0.81 0.84 0.85 0.84 0.85 0.85 0.85 0.82 0.80 0.79 0.81
15 0.50 0.63 0.71 0.76 0.79 0.82 0.84 0.83 0.82 0.82 0.81 0.81 0.78 0.78 0.78 0.79
16 0.63 0.71 0.76 0.79 0.82 0.82 0.83 0.80 0.79 0.78 0.77 0.76 0.76 0.76 0.76 0.78
17 0.71 0.76 0.79 0.82 0.81 0.80 0.80 0.78 0.76 0.74 0.72 0.74 0.73 0.74 0.76 0.78
18 0.71 0.74 0.76 0.78 0.77 0.75 0.75 0.73 0.71 0.69 0.69 0.71 0.70 0.73 0.76 0.79
19 0.68 0.71 0.71 0.73 0.71 0.70 0.69 0.67 0.67 0.67 0.67 0.68 0.69 0.72 0.76 0.81
20 0.64 0.66 0.66 0.67 0.66 0.65 0.64 0.62 0.63 0.64 0.65 0.67 0.69 0.72 0.78 0.84
21 0.58 0.60 0.60 0.60 0.60 0.60 0.58 0.60 0.60 0.61 0.64 0.66 0.68 0.74 0.81 0.68
22 0.51 0.53 0.53 0.53 0.54 0.54 0.54 0.55 0.57 0.60 0.63 0.66 0.69 0.76 0.84 0.92
23 0.51 0.52 0.52 0.53 0.53 0.54 0.54 0.55 0.57 0.61 0.64 0.69 0.73 0.80 0.89 0.99
24 0.51 0.51 0.51 0.52 0.53 0.54 0.55 0.56 0.59 0.63 0.67 0.72 0.77 0.85 0.95 1.06
25 0.50 0.50 0.50 0.52 0.53 0.54 0.56 0.57 0.61 0.67 0.71 0.76 0.83 0.93 1.03 1.14
25 0.49 0.48 0.50 0.51 0.53 0.55 0.57 0.60 0.64 0.70 0.75 0.81 0.90 1.01 1.11 1.25
27 0.48 0.48 0.50 0.51 0.53 0.56 0.60 0.63 0.68 0.75 0.80 0.88 0.96 1.11 1.23 1.36
28 0.46 0.48 0.50 0.53 0.56 0.59 0.63 0.68 0.74 0.80 0.88 0.97 1.07 1.22 1.36 1.53
29 0.46 0.48 0.53 0.56 0.59 0.63 0.68 0.74 0.80 0.88 0.97 1.06 1.19 1.36 1.52 1.72
30 0.44 0.48 0.55 0.59 0.63 0.68 0.74 0.80 0.88 0.97 1.06 1.19 1.36 1.52 1.69 1.92
31 0.44 0.49 0.57 0.63 0.68 0.74 0.80 0.88 0.97 1.06 1.19 1.36 1.52 1.69 1.90 2.15
32 0.44 0.50 0.61 0.68 0.74 0.80 0.88 0.97 1.06 1.19 1.36 1.52 1.69 1.90 2.12 2.40
33 0.44 0.52 0.64 0.72 0.80 0.88 0.95 1.05 1.17 1.31 1.50 1.69 1.88 2.12 2.37 2.67
34 0.45 0.53 0.67 0.78 0.87 0.95 1.04 1.16 1.30 1.47 1.66 1.87 2.10 2.37 2.64 2.97
35 0.46 0.55 0.72 0.84 0.95 1.04 1.16 1.30 1.47 1.63 1.84 2.07 2.34 2.63 2.93 3.28
36 0.47 0.58 0.78 0.92 1.04 1.16 1.30 1.47 1.63 1.84 2.04 2.30 2.59 2.91 3.24 3.63
37 0.49 0.62 0.85 1.01 1.16 1.30 1.47 1.63 1.84 2.04 2.26 2.53 2.86 3.21 3.58 4.00
38 0.52 0.66 0.90 1.09 1.25 1.41 1.59 1.76 1.99 2.21 2.46 2.77 3.14 3.54 3.95 4.42
39 0.55 0.70 0.98 1.18 1.35 1.53 1.72 1.90 2.14 2.39 2.67 3.02 3.44 3.90 4.35 4.86
40 0.58 0.76 1.07 1.28 1.48 1.65 1.66 2.05 2.29 2.57 2.68 3.28 3.77 4.29 4.77 5.35
41 0.62 0.84 1.16 1.41 1.60 1.79 2.00 2.20 2.44 2.74 3.12 3.56 4.13 4.70 5.25 5.89
42 0.68 0.92 1.30 1.55 1.75 1.94 2.14 2.35 2.59 2.93 3.35 3.87 4.51 5.17 5.78 6.50
43 0.74 1.02 1.41 1.69 1.92 2.13 2.35 2.56 2.82 3.19 3.65 4.19 4.87 5.58 6.25 7.17
44 0.80 1.13 1.54 1.84 2.09 2.32 2.56 2.79 3.07 3.46 3.96 4.55 5.26 6.02 6.77 7.92
45 0.86 1.27 1.67 2.00 2.27 2.53 2.79 3.04 3.34 3.75 4.31 4.94 5.71 6.51 7.34 8.77
46 0.93 1.40 1.81 2.16 2.46 2.74 3.04 3.31 3.62 4.06 4.68 5.36 6.18 7.04 7.97 9.71
47 1.01 1.55 1.94 2.32 2.65 2.98 3.31 3.58 3.93 4.40 5.08 5.82 6.71 7.62 8.65 10.72
48 1.09 1.62 2.03 2.44 2.81 3.17 3.54 3.88 4.29 4.62 5.63 6.46 7.40 8.36 9.39 11.82
49 1.16 1.69 2.12 2.55 2.97 3.37 3.79 4.19 4.68 5.29 6.24 7.18 8.17 9.14 10.17 13.03
50 1.24 1.76 2.21 2.66 3.12 3.56 4.05 4.54 5.12 5.81 6.93 7.99 9.00 9.96 11.00 14.34
YRT RATES FOR CONVERSIONS
Male ALB Standard Nonsmoker
Duration
Issue Age 1 2 3 4 5 6 7 8 9 10
51 1.32 1.81 2.28 2.76 3.28 3.77 4.33 4.91 5.61 6.39
52 1.39 1.86 2.35 2.86 3.44 3.99 4.62 5.33 6.15 7.03
53 1.51 2.02 2.56 3.13 3.77 4.35 5.05 5.82 6.70 7.69
54 1.62 2.19 2.80 3.43 4.12 4.77 5.53 6.36 7.29 8.39
55 1.74 2.38 3.06 3.76 4.53 5.22 6.06 6.94 7.92 9.14
56 1.88 2.59 3.35 4.14 4.97 5.71 6.61 7.55 8.58 9.96
57 2.02 2.81 3.67 4.55 5.46 6.24 7.20 8.20 9.30 10.85
58 2.14 3.01 4.05 4.98 6.01 6.73 7.74 8.81 9.97 11.59
59 2.25 3.22 4.46 5.45 6.59 7.25 8.29 9.44 10.68 12.38
60 2.38 3.44 4.91 5.94 7.24 7.81 6.88 10.12 11.44 13.20
61 2.50 3.65 5.38 6.48 7.81 8.71 9.51 10.84 12.23 14.03
62 2.62 3.88 5.91 7.05 8.71 9.02 10.16 11.59 13.05 14.87
63 2.91 4.33 6.45 7.83 9.02 10.15 11.49 13.04 14.72 16.49
64 3.21 4.82 7.03 8.70 10.15 11.40 12.96 14.64 16.49 18.32
65 3.56 5.36 7.67 9.67 11.40 12.79 14.57 16.39 18.32 20.50
66 3.94 5.97 8.37 10.74 12.79 14.43 16.35 18.32 20.50 23.57
67 4.36 6.65 9.13 11.91 14.43 15.97 18.32 20.50 23.57 24.98
68 4.80 7.32 10.04 13.07 15.81 17.49 20.06 22.48 24.98 27.41
69 5.29 8.05 11.01 14.32 17.30 19.15 21.99 24.65 27.41 30.06
70 5.82 8.83 12.06 15.67 18.96 20.99 24.12 27.04 30.06 32.92
71 8.83 12.06 15.67 18.96 20.99 24.12 27.04 30.06 32.92 36.65
72 12.06 15.67 18.96 20.99 24.12 27.04 30.06 32.92 36.65 40.87
73 15.67 18.96 20.99 24.12 27.04 30.06 32.92 36.65 40.87 46.87
74 18.96 20.99 24.12 27.04 30.06 32.92 36.65 40.87 46.87 54.99
75 20.99 24.12 27.04 30.06 32.92 36.65 40.87 46.87 54.99 60.47
76 24.12 27.04 30.06 32.92 36.65 40.87 46.87 54.99 60.47 88.68
77 27.04 30.06 32.92 36.65 40.87 46.67 54.99 60.47 86.68 96.49
78 30.06 32.92 36.65 40.87 46.87 54.99 60.47 88.68 96.49 104.89
79 32.92 36.65 40.87 46.87 54.99 60.47 88.68 96.49 104.89 113.81
80 36.65 40.87 46.87 54.99 60.47 88.66 96.49 104.89 113.81 123.11
81 40.87 46.87 54.99 60.47 88.68 96.49 104.89 113.81 123.11 132.70
82 46.87 54.99 60.47 88.68 96.49 104.89 113.81 123.11 132.70 142.58
83 54.99 60.47 86.68 96.49 104.89 113.81 123.11 132.70 142.58 152.76
84 60.47 88.68 96.49 104.89 113.81 123.11 132.70 142.58 152.76 163.23
85 88.68 96.49 104.89 113.81 123.11 132.70 142.58 152.76 163.23 174.00
86 96.49 104.89 113.81 123.11 132.70 142.58 152.76 163.23 174.00 185.06
87 104.89 113.81 123.11 132.70 142.56 152.76 163.23 174.00 185.06 196.41
88 113.81 123.11 132.70 142.58 152.76 163.23 174.00 185.06 196.41 208.06
89 123.11 132.70 142.58 152.76 163.23 174.00 185.06 196.41 208.06 220.00
90 132.70 142.56 152.76 163.23 174.00 165.06 196.41 208.06 220.00 232.24
91 142.58 152.76 163.23 174.00 185.06 196.41 208.06 220.00 232.24 244.77
92 152.76 163.23 174.00 185.06 196.41 208.06 220.00 232.24 244.77
93 163.23 174.00 185.06 196.41 208.06 220.00 232.24 244.77
94 174.00 185.06 196.41 208.06 220.00 232.24 244.77
95 185.06 196.41 208.06 220.00 232.24 244.77
96 196.41 208.06 220.00 232.24 244.77
97 206.06 220.00 232.24 244.77
98 220.00 232.24 244.77
99 232.24 244.77
Issue Age 11 12 13 14 15 16
51 7.69 8.86 9.88 10.88 11.89 15.79
52 8.53 9.80 10.86 11.86 12.85 17.40
53 9.30 10.72 11.86 12.85 14.37 19.16
54 10.14 11.71 12.85 14.37 16.07 21.09
55 11.04 12.80 14.37 16.00 17.97 23.19
56 12.03 13.99 15.89 17.66 20.06 25.44
57 13.10 15.30 17.47 19.48 22.32 27.86
58 13.92 16.17 18.47 20.63 23.75 30.50
59 14.76 17.05 19.46 21.78 25.24 33.40
60 15.62 17.89 20.43 22.95 26.80 36.62
61 16.46 18.70 21.39 24.16 28.46 40.16
62 17.29 19.51 22.37 25.42 30.21 44.06
63 19.01 21.42 24.61 28.20 33.05 48.31
64 20.90 23.57 27.09 31.30 36.15 52.92
65 23.57 25.87 29.82 34.72 39.49 57.88
66 25.33 28.44 32.82 38.47 43.09 63.17
67 27.90 31.26 36.07 42.55 46.89 68.77
68 30.59 34.24 39.45 46.43 51.05 74.82
69 33.51 37.46 43.06 50.55 55.54 81.45
70 36.65 40.87 46.87 54.99 60.47 88.68
71 40.87 46.87 54.99 60.47 88.68 96.49
72 46.87 54.99 60.47 88.66 96.49 104.89
73 54.99 60.47 88.68 96.49 104.89 113.81
74 60.47 86.68 96.49 104.89 113.81 123.11
75 68.68 96.49 104.89 113.81 123.11 132.70
76 96.49 104.89 113.81 123.11 132.70 142.58
77 104.69 113.81 123.11 132.70 142.56 152.76
78 113.81 123.11 132.70 142.58 152.76 163.23
79 123.11 132.70 142.58 152.76 163.23 174.00
80 132.70 142.58 152.76 163.23 174.00 165.06
81 142.58 152.76 163.23 174.00 185.06 196.41
82 152.76 163.23 174.00 185.06 196.41 208.06
83 163.23 174.00 185.06 196.41 208.06 220.00
84 174.00 185.06 196.41 208.06 220.00 232.24
85 185.06 196.41 208.06 220.00 232.24 244.77
86 196.41 208.06 220.00 232.24 244.77
87 208.06 220.00 232.24 244.77
88 220.00 232.24 244.77
89 232.24 244.77
90 244.77
YRT RATES FOR CONVERSIONS
Male ALB Preferred Smoker
Duration
Issue Age 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
0 1.11 0.69 0.47 0.42 0.37 0.32 0.31 0.28 0.27 0.27 0.28 0.33 0.38 0.46 0.65 0.84
1 0.46 0.43 0.38 0.33 0.27 0.23 0.23 0.23 0.25 0.28 0.33 0.38 0.46 0.65 0.79 1.07
2 0.34 0.35 0.31 0.26 0.23 0.23 0.23 0.25 0.28 0.33 0.38 0.46 0.61 0.79 . 1.03 1.17
3 0.33 0.28 0.25 0.23 0.23 0.21 0.25 0.28 0.33 0.36 0.46 0.60 0.73 1.03 1.16 1.26
4 0.28 0.24 0.23 0.23 0.21 0.25 0.28 0.33 0.38 0.44 0.60 0.73 0.94 1.10 1.25 1.33
5 0.23 0.23 0.23 0.21 0.25 0.28 0.33 0.38 0.43 0.60 0.73 0.94 1.07 1.16 1.31 1.38
6 0.22 0.22 0.21 0.25 0.28 0.33 0.38 0.43 0.57 0.73 0.94 1.07 1.14 1.20 1.35 1.40
7 0.19 0.21 0.25 0.28 0.33 0.38 0.43 0.56 0.71 0.90 1.07 1.14 1.19 1.22 1.37 1.40
8 0.19 0.21 0.26 0.32 0.37 0.43 0.56 0.71 0.90 1.05 1.14 1.19 1.22 1.27 1.36 1.38
9 0.20 0.23 0.30 0.36 0.43 0.56 0.71 0.90 1.05 1.13 1.19 1.22 1.27 1.31 1.33 1.35
10 0.21 0.27 0.34 0.42 0.56 0.71 0.90 1.05 1.13 1.18 1.22 1.27 1.31 1.32 1.29 1.31
11 0.26 0.32 0.40 0.56 0.71 0.90 1.05 1.13 1.18 1.22 1.27 1.31 1.32 1.27 1.24 1.26
12 0.31 0.40 0.56 0.71 0.89 1.05 1.13 1.18 1.21 1.27 1.31 1.32 1.27 1.22 1.18 1.21
13 0.38 0.56 0.71 0.69 1.01 1.11 1.17 1.20 1.21 1.25 1.27 1.27 1.22 1.17 1.14 1.18
14 0.54 0.71 0.89 1.01 1.07 1.15 1.19 1.20 1.19 1.21 1.21 1.21 1.16 1.13 1.12 1.15
15 0.71 0.89 1.01 1.07 1.12 1.16 1.19 1.18 1.16 1.16 1.15 1.15 1.11 1.10 1.10 1.12
16 0.89 1.01 1.07 1.12 1.16 1.16 1.17 1.14 1.12 1.10 1.09 1.08 1.07 1.08 1.08 1.11
17 1.01 1.07 1.12 1.16 1.15 1.13 1.13 1.10 1.07 1.04 1.02 1.04 1.03 1.05 1.08 1.11
18 1.00 1.05 1.08 1.10 1.09 1.06 1.06 1.03 1.00 0.98 0.98 1.00 0.99 1.03 1.08 1.12
19 0.96 1.00 1.01 1.03 1.01 0.99 0.98 0.95 0.94 0.94 0.95 0.96 0.97 1.02 1.08 1.15
20 0.90 0.93 0.93 0.94 0.93 0.92 0.90 0.88 0.89 0.90 0.92 0.94 0.97 1.02 1.11 1.19
21 0.82 0.64 0.84 0.85 0.85 0.84 0.82 0.85 0.85 0.86 0.90 0.93 0.96 1.04 1.15 1.24
22 0.72 0.74 0.74 0.75 0.76 0.76 0.76 0.77 0.80 0.84 0.69 0.93 0.98 1.07 1.19 1.31
23 0.72 0.73 0.73 0.74 0.75 0.76 0.76 0.77 0.81 0.86 0.91 0.97 1.03 1.13 1.26 1.40
24 0.72 0.72 0.72 0.73 0.75 0.76 0.77 0.79 0.83 0.89 0.95 1.02 1.09 1.21 1.35 1.49
25 0.70 0.70 0.71 0.73 0.74 0.76 0.79 0.81 0.86 0.94 1.00 1.08 1.17 1.32 1.46 1.61
26 0.69 0.68 0.70 0.72 0.74 0.77 0.81 0.84 0.91 0.99 1.06 1.15 1.28 1.43 1.57 1.77
27 0.67 0.67 0.70 0.72 0.75 0.79 0.84 0.89 0.96 1.06 1.14 1.25 1.39 1.56 1.73 1.95
28 0.65 0.67 0.71 0.75 0.79 0.83 0.89 0.96 1.05 1.14 1.25 1.37 1.51 1.72 1.92 2.17
29 0.64 0.67 0.74 0.79 0.63 0.89 0.96 1.05 1.14 1.25 1.37 1.50 1.68 1.92 2.15 2.43
30 0.62 0.67 0.77 0.83 0.89 0.96 1.05 1.14 1.24 1.37 1.50 1.68 1.92 2.15 2.40 2.71
31 0.62 0.69 0.81 0.89 0.96 1.05 1.14 1.24 1.37 1.50 1.68 1.92 2.15 2.40 2.68 3.04
32 0.62 0.71 0.86 0.96 1.05 1.14 1.24 1.37 1.49 1.68 1.92 2.15 2.40 2.68 3.00 3.40
33 0.62 0.73 0.90 1.02 1.13 1.24 1.35 1.49 1.65 1.85 2.12 2.39 2.66 3.00 3.36 3.78
34 0.63 0.75 0.95 1.10 1.23 1.35 1.48 1.64 1.84 2.08 2.35 2.64 2.97 3.35 3.73 4.20
35 0.64 0.78 1.02 1.19 1.34 1.48 1.64 1.84 2.08 2.31 2.60 2.93 3.31 3.71 4.15 4.64
36 0.66 0.82 1.11 1.30 1.48 1.64 1.84 2.08 2.31 2.60 2.89 3.25 3.66 4.12 4.58 5.13
37 0.69 0.87 1.20 1.43 1.64 1.84 2.08 2.31 2.60 2.89 3.20 3.58 4.05 4.54 5.07 5.66
38 0.73 0.93 1.28 1.53 1.76 1.99 2.25 2.49 2.81 3.13 3.48 3.92 4.45 5.01 5.58 6.25
39 0.77 0.99 1.39 1.66 1.91 2.16 2.43 2.69 3.03 3.38 3.78 4.27 4.67 5.51 6.16 6.87
40 0.82 1.08 1.51 1.81 2.09 2.34 2.62 2.90 3.24 3.63 4.08 4.64 5.34 6.07 6.75 7.56
41 0.88 1.19 1.66 1.99 2.27 2.53 2.83 3.11 3.46 3.86 4.41 5.04 5.64 6.65 7.43 8.34
42 0.96 1.31 1.84 2.19 2.48 2.74 3.03 3.32 3.66 4.14 4.74 5.47 6.38 7.31 8.17 9.19
43 1.04 1.45 2.00 2.39 2.71 3.01 3.32 3.62 3.99 4.50 5.16 5.93 6.89 7.89 8.64 10.14
44 1.13 1.60 2.18 2.60 2.95 3.29 3.62 3.94 4.35 4.89 5.60 6.44 7.46 6.51 9.57 11.21
45 1.22 1.79 2.37 2.82 3.21 3.57 3.94 4.30 4.72 5.30 6.09 6.99 8.08 9.21 10.39 12.40
46 1.32 1.98 2.55 3.05 3.47 3.88 4.30 4.68 5.12 5.74 6.61 7.58 8.74 9.96 11.28 13.73
47 1.43 2.19 2.74 3.28 3.75 4.22 4.68 5.07 5.55 6.23 7.19 8.24 9.46 10.78 12.24 15.17
48 1.53 2.30 2.87 3.45 3.98 4.48 5.01 5.48 6.07 6.82 7.96 9.14 10.46 11.82 13.28 16.72
49 1.64 2.40 3.00 3.60 4.20 4.76 5.36 5.93 6.62 7.47 6.82 10.16 11.55 12.93 14.38 18.42
50 1.75 2.48 3.12 3.76 4.42 5.04 5.72 6.42 7.24 8.22 9.80 11.30 12.72 14.11 15.56 20.29
YRT RATES FOR CONVERSIONS
Male ALB Preferred Smoker
Duration
Issue Age 1 2 3 4 5 6 7 8 9 10
51 1.86 2.56 3.23 3.90 4.64 5.34 6.12 6.95 7.93 9.04
52 1.97 2.63 3.32 4.04 4.87 5.64 6.53 7.53 6.69 9.94
53 2.13 2.86 3.62 4.43 5.33 6.16 7.15 8.24 9.47 10.87
54 2.29 3.10 3.96 4.85 5.83 6.74 7.82 9.00 10.32 11.86
55 2.47 3.37 4.33 5.32 6.41 7.39 8.56 9.81 11.20 12.93
56 2.65 3.66 4.73 5.85 7.03 8.08 9.35 10.67 12.14 14.09
57 2.86 3.98 5.19 6.44 7.72 8.83 10.19 11.60 13.16 15.35
58 3.02 4.26 5.72 7.05 8.49 9.52 10.94 12.45 14.10 16.39
59 3.19 4.55 6.31 7.70 9.33 10.26 11.72 13.35 15.11 17.50
60 3.37 4.86 6.94 8.41 10.24 11.04 12.56 14.31 16.18 18.66
61 3.53 5.17 7.61 9.16 11.04 12.32 13.45 15.33 17.30 19.84
62 3.70 5.48 8.36 9.97 12.32 12.76 14.39 16.39 18.45 21.03
63 4.11 6.12 9.12 11.08 12.76 14.36 16.26 18.44 20.82 23.32
64 4.54 6.81 9.94 12.31 14.36 16.13 18.33 20.70 23.32 25.91
65 5.03 7.58 10.85 13.68 16.13 18.09 20.61 23.18 25.91 29.00
66 5.57 8.44 11.84 15.19 18.09 20.41 23.12 25.91 29.00 33.33
67 6.17 9.41 12.91 16.85 20.41 22.59 25.91 29.00 33.33 35.33
68 6.79 10.36 14.20 18.48 22.35 24.73 28.37 31.79 35.33 38.77
69 7.47 11.39 15.57 20.25 24.47 27.09 31.11 34.86 38.77 42.51
70 8.23 12.48 17.06 22.16 26.81 29.69 34.12 38.24 42.51 46.56
71 12.48 17.06 22.16 26.81 29.69 34.12 38.24 42.51 46.56 51.83
72 17.06 22.16 26.81 29.69 34.12 38.24 42.51 46.56 51.83 57.81
73 22.16 26.81 29.69 34.12 38.24 42.51 46.56 51.83 57.81 66.29
74 26.81 29.69 34.12 38.24 42.51 46.56 51.83 57.81 66.29 77.77
75 29.69 34.12 38.24 42.51 46.56 51.83 57.81 66.29 77.77 85.52
76 34.12 38.24 42.51 46.56 51.83 57.81 66.29 77.77 85.52 125.41
77 38.24 42.51 46.56 51.83 57.81 66.29 77.77 85.52 125.41 136.46
78 42.51 46.56 51.83 57.81 66.29 77.77 85.52 125.41 136.46 148.34
79 46.56 51.83 57.81 66.29 77.77 85.52 125.41 136.46 148.34 160.96
80 51.83 57.81 66.29 77.77 85.52 125.41 136.46 148.34 160.96 174.11
81 57.81 66.29 77.77 85.52 125.41 136.46 146.34 160.96 174.11 167.67
82 66.29 77.77 85.52 125.41 136.46 148.34 160.96 174.11 187.67 201.65
83 77.77 85.52 125.41 136.46 148.34 160.96 174.11 187.67 201.65 216.05
84 85.52 125.41 136.46 148.34 160.96 174.11 187.67 201.65 216.05 230.86
85 125.41 136.46 148.34 160.96 174.11 187.67 201.65 216.05 230.86 246.08
86 136.46 148.34 160.96 174.11 187.67 201.65 216.05 230.86 246.08 261.73
87 148.34 160.96 174.11 167.67 201.65 216.05 230.86 246.08 261.73 277.78
88 160.96 174.11 187.67 201.65 216.05 230.86 246.08 261.73 277.78 294.26
89 174.11 187.67 201.65 216.05 230.86 246.08 261.73 277.78 294.26 311.15
90 187.67 201.65 216.05 230.86 246.08 261.73 277.78 294.26 311.15 328.45
91 201.65 216.05 230.86 246.08 261.73 277.78 294.26 311.15 328.45 346.17
92 216.05 230.86 246.08 261.73 277.78 294.26 311.15 328.45 346.17
93 230.86 246.08 261.73 277.78 294.26 311.15 328.45 346.17
94 246.08 261.73 277.78 294.26 311.15 328.45 346.17
95 261.73 277.78 294.26 311.15 328.45 346.17
96 277.78 294.26 311.15 328.45 346.17
97 294.26 311.15 328.45 346.17
98 311.15 328.45 346.17
99 328.45 346.17
Issue Age 11 12 13 14 15 16
51 10.88 12.52 13.98 15.38 16.81 22.33
52 12.06 13.86 15.35 16.77 18.17 24.60
53 13.16 15.16 16.77 18.17 20.32 27.10
54 14.34 16.56 18.17 20.32 22.73 29.83
55 15.61 18.11 20.32 22.62 25.41 32.80
56 17.01 19.79 22.47 24.98 28.36 35.98
57 18.52 21.63 24.71 27.55 31.57 39.40
58 19.68 22.87 26.13 29.18 33.59 43.13
59 20.88 24.11 27.52 30.80 35.69 47.24
60 22.09 25.29 28.89 32.46 37.91 51.79
61 23.27 26.45 30.25 34.17 40.25 56.80
62 24.45 27.59 31.64 35.95 42.72 62.31
63 26.88 30.29 34.81 39.89 46.75 68.33
64 29.55 33.33 38.31 44.27 51.12 74.84
65 33.33 36.58 42.17 49.10 55.86 81.86
66 35.82 40.22 46.41 54.40 60.93 89.34
67 39.45 44.21 51.01 60.17 66.32 97.26
68 43.26 48.43 55.80 65.67 72.20 105.81
69 47.39 52.97 60.89 71.49 78.55 115.20
70 51.83 57.81 66.29 77.77 85.52 125.41
71 57.81 66.29 77.77 85.52 125.41 136.46
72 66.29 77.77 85.52 125.41 136.46 148.34
73 77.77 85.52 125.41 136.46 148.34 160.96
74 85.52 125.41 136.46 148.34 160.96 174.11
75 125.41 136.46 148.34 160.96 174.11 187.67
76 136.46 148.34 160.96 174.11 187.67 201.65
77 148.34 160.96 174.11 187.67 201.65 216.05
78 160.96 174.11 187.67 201.65 216.05 230.86
79 174.11 187.67 201.65 216.05 230.86 246.08
80 187.67 201.65 216.05 230.86 246.08 261.73
81 201.65 216.05 230.86 246.08 251.73 277.78
82 216.05 230.86 246.08 261.73 277.78 294.26
83 230.86 246.08 261.73 277.78 294.26 311.15
84 246.08 261.73 277.78 294.26 311.15 328.45
85 261.73 277.78 294.26 311.15 328.45 346.17
86 277.78 294.26 311.15 328.45 346.17
87 294.26 311.15 328.45 346.17
88 311.15 328.45 346.17
89 328.45 346.17
90 346.17
YRT RATES FOR CONVERSIONS
Male ALB Standard Smoker
Duration
Issue Age 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
0 1.48 0.92 0.62 0.55 0.49 0.42 0.41 0.37 0.36 0.36 0.37 0.44 0.50 0.61 0.67 1.12
1 0.61 0.57 0.50 0.44 0.36 0.30 0.30 0.30 0.33 0.37 0.44 0.50 0.61 0.87 1.06 1.43
2 0.45 0.46 0.41 0.34 0.30 0.30 0.30 0.33 0.37 0.44 0.50 0.61 0.82 1.06 1.37 1.56
3 0.44 0.37 0.33 0.30 0.30 0.26 0.33 0.37 0.44 0.50 0.61 0.81 0.98 1.37 1.54 1.68
4 0.37 0.32 0.30 0.30 0.28 0.33 0.37 0.44 0.50 0.58 0.81 0.98 1.25 1.47 1.66 1.77
5 0.30 0.30 0.30 0.28 0.33 0.37 0.44 0.50 0.57 0.81 0.98 1.25 1.43 1.54 1.74 1.83
6 0.29 0.29 0.28 0.33 0.37 0.44 0.50 0.57 0.77 0.98 1.25 1.43 1.52 1.60 1.80 1.86
7 0.25 0.28 0.33 0.37 0.44 0.50 0.57 0.75 0.95 1.20 1.43 1.52 1.58 1.62 1.82 1.86
8 0.25 0.28 0.34 0.42 0.49 0.57 0.75 0.95 1.20 1.40 1.52 1.58 1.62 1.69 1.81 1.83
9 0.26 0.30 0.40 0.48 0.57 0.75 0.95 1.20 1.40 1.50 1.56 1.62 1.69 1.74 1.77 1.80
10 0.28 0.36 0.45 0.55 0.75 0.95 1.20 1.40 1.50 1.57 1.62 1.69 1.74 1.76 1.72 1.74
11 0.34 0.42 0.53 0.75 0.95 1.20 1.40 1.50 1.57 1.62 1.69 1.74 1.76 1.69 1.65 1.68
12 0.41 0.53 0.75 0.95 1.19 1.40 1.50 1.57 1.61 1.69 1.74 1.76 1.69 1.62 1.57 1.61
13 0.50 0.75 0.95 1.19 1.35 1.48 1.56 1.60 1.61 1.66 1.69 1.69 1.62 1.56 1.52 1.57
14 0.73 0.95 1.19 1.35 1.43 1.53 1.58 1.60 1.58 1.61 1.61 1.61 1.54 1.50 1.49 1.53
15 0.95 1.19 1.35 1.43 1.49 1.54 1.58 1.57 1.54 1.54 1.53 1.53 1.48 1.47 1.47 1.49
16 1.19 1.35 1.43 1.49 1.54 1.54 1.56 1.52 1.49 1.47 1.45 1.44 1.43 1.44 1.44 1.48
17 1.35 1.43 1.49 1.54 1.53 1.50 1.50 1.47 1.43 1.39 1.36 1.39 1.37 1.40 1.44 1.48
18 1.33 1.40 1.44 1.47 1.45 1.41 1.41 1.37 1.33 1.31 1.31 1.33 1.32 1.37 1.44 1.49
19 1.28 1.33 1.35 1.37 1.35 1.32 1.31 1.27 1.25 1.25 1.27 1.28 1.29 1.36 1.44 1.53
20 1.20 1.24 1.24 1.25 1.24 1.23 1.20 1.17 1.19 1.20 1.23 1.25 1.29 1.36 1.46 1.58
21 1.10 1.12 1.12 1.14 1.14 1.12 1.10 1.14 1.14 1.15 1.20 1.24 1.28 1.39 1.53 1.65
22 0.96 0.99 0.99 1.00 1.02 1.02 1.02 1.03 1.07 1.12 1.19 1.24 1.31 1.43 1.58 1.74
23 0.96 0.98 0.98 0.99 1.00 1.02 1.02 1.03 1.08 1.15 1.21 1.29 1.37 1.50 1.68 1.86
24 0.96 0.96 0.96 0.96 1.00 1.02 1.03 1.06 1.11 1.19 1.27 1.36 1.45 1.61 1.80 1.99
25 0.94 0.94 0.95 0.98 0.99 1.02 1.06 1.08 1.15 1.25 1.33 1.44 1.56 1.76 1.94 2.15
26 0.92 0.91 0.94 0.96 0.99 1.03 1.08 1.12 1.21 1.32 1.41 1.53 1.70 1.90 2.10 2.36
27 0.90 0.90 0.94 0.96 1.00 1.06 1.12 1.19 1.28 1.41 1.52 1.66 1.85 2.09 2.31 2.60
28 0.87 0.90 0.95 1.00 1.06 1.11 1.19 1.28 1.40 1.52 1.66 1.82 2.02 2.30 2.56 2.89
29 0.86 0.90 0.99 1.06 1.11 1.19 1.28 1.40 1.52 1.66 1.82 2.01 2.24 2.56 2.86 3.23
30 0.83 0.90 1.03 1.11 1.19 1.28 1.40 1.52 1.65 1.62 2.01 2.24 2.56 2.86 3.19 3.62
31 0.83 0.92 1.08 1.19 1.28 1.40 1.52 1.65 1.82 2.01 2.24 2.56 2.86 3.19 3.58 4.05
32 0.83 0.95 1.15 1.28 1.40 1.52 1.65 1.82 1.99 2.24 2.56 2.86 3.19 3.58 4.00 4.53
33 0.83 0.96 1.20 1.36 1.50 1.65 1.80 1.98 2.20 2.47 2.82 3.18 3.55 4.00 4.47 5.04
34 0.84 1.00 1.27 1.47 1.64 1.80 1.97 2.19 2.46 2.77 3.13 3.52 3.96 4.46 4.98 5.60
35 0.86 1.04 1.36 1.58 1.78 1.97 2.19 2.46 2.77 3.08 3.47 3.91 4.41 4.95 5.53 6.19
36 0.88 1.10 1.48 1.73 1.97 2.19 2.46 2.77 3.08 3.47 3.85 4.33 4.88 5.49 6.11 6.84
37 0.92 1.16 1.60 1.90 2.19 2.46 2.77 3.08 3.47 3.85 4.26 4.78 5.40 6.06 6.76 7.55
38 0.98 1.24 1.70 2.05 2.35 2.65 3.00 3.33 3.75 4.17 4.65 5.23 5.93 6.68 7.44 8.33
39 1.03 1.32 1.85 2.22 2.55 2.88 3.23 3.59 4.04 4.50 5.04 5.69 6.49 7.35 8.21 9.16
40 1.10 1.44 2.02 2.42 2.79 3.12 3.50 3.87 4.32 4.84 5.44 6.19 7.11 8.09 9.00 10.08
41 1.17 1.58 2.22 2.65 3.02 3.38 3.78 4.14 4.61 5.17 5.87 6.72 7.79 8.87 9.90 11.11
42 1.28 1.74 2.46 2.92 3.30 3.66 4.04 4.42 4.88 5.52 6.32 7.30 8.50 9.74 10.89 12.25
43 1.39 1.93 2.67 3.18 3.62 4.01 4.42 4.63 5.32 6.01 6.86 7.91 9.19 10.52 11.79 13.52
44 1.50 2.14 2.30 3.47 3.93 4.38 4.83 5.25 5.79 6.52 7.47 6.58 9.95 11.35 12.76 14.94
45 1.62 2.39 3.15 3.76 4.28 4.77 5.25 5.73 6.30 7.06 8.12 9.32 10.77 12.28 13.85 16.54
46 1.76 2.64 3.41 4.07 4.63 5.17 5.73 6.24 6.82 7.66 8.82 10.11 11.66 13.28 15.03 18.31
47 1.90 2.92 3.66 4.37 5.00 5.62 6.24 6.76 7.41 8.30 9.58 10.98 12.65 14.37 16.32 20.22
48 2.05 3.06 3.83 4.59 5.31 5.98 6.68 7.31 8.09 9.09 10.61 12.18 13.95 15.76 17.70 22.29
49 2.19 3.19 4.00 4.80 5.60 6.35 7.14 7.91 8.83 9.97 11.76 13.54 15.40 17.24 19.18 24.57
50 2.34 3.31 4.16 5.02 5.89 6.72 7.63 8.55 9.65 10.96 13.07 15.06 16.96 18.81 20.75 27.05
