Amendment VIII to reinsurance agreement 5356-1 (Automatic Coinsurance Bulk) between the CENTURY LIFE OF AMERICA of Waverly, Iowa, and the LIFE REASSURANCE CORPORATION OF AMERICA of Stamford, Connecticut. Amendment VIII. ------------------ Schedule C...
Amendment VIII to reinsurance agreement 5356-1 (Automatic Coinsurance Bulk)
between the CENTURY LIFE OF AMERICA of Waverly, Iowa, and the LIFE REASSURANCE
CORPORATION OF AMERICA of Stamford, Connecticut.
Amendment VIII.
------------------
Schedule C is hereby voided and replaced by the attached schedule C - Amended,
effective September 1, 1990, thereby adding the Flexible Advantage Life plan to
the provisions of this agreement.
In conjunction with the above, Schedule F, page 13, 14, 15, and 16, reinsurance
premiums for the Flexible Advantage Life, are also hereby added to the
provisions of this agreement.
All provisions of the reinsurance agreement not in conflict with the provisions
of this amendment will continue unchanged.
These amendments is signed in duplicate at the dates and places indicated with
an effective date of September 1, 1990.
Date: November 26, 0000 XXXXXXX XXXX XX XXXXXXX
-----------------------
Place: Waverly, IA By: /s/ Xxxxxx X. Xxxxxxxxxx
---------------------- -----------------------------------
Witness: /s/ Xxxxxx Xxxxxx Title: Asst. V.P. & Valuation Actuary
-------------------- --------------------------------
LIFE REASSURANCE CORPORATION OF AMERICA
Date: October 12, 1990
-----------------------
Place: Stamford, CT By: /s/ Signature
---------------------- ------------------------------------
Witness: /s/ Xxxxx X. Xxxxx Title: Sr. Vice President
-------------------- ---------------------------------
SCHEDULE C - AMENDED
--------------------
Agreement Number 5356-1
Allowances for Commissions and Expenses for the Century Life of America
-----------------------------------------------------------------------
The Percentages to be deducted from the standard annual premiums, exclusive of
policy fees, for life insurance and waiver of premium disability benefits are
listed below by policy from and number of premium payments where applicable.
Plan of Insurance Allowances*
----------------- -----------
A. LIFE
UA III (UniVers - All Life III)
Non-Smoker 1st Year 100%
2nd - 10th Years 37%
11th & Later Years 5%
Smoker 1st Year 100%
2nd - 10th Years 25%
11th & Later Years 6%
UniVers - All Life III
(UL III Unisex - From #2212)
Non-Smoker 1st Year 100%
2nd - 10th Years 37%
10th & Later Years 5%
Smoker 1st Year 100%
2nd - 10th Years 25%
11th & Later Years 6%
Automatic Increase Rider** Point-in-scale allowances for the
plan to which it is attached.
Other Insured Rider Same allowances as the base plan to
which it is attached.
UL88 = UL 2000
Non-Smoker 1st Year 100%
2nd - 10th Years 36%
11th & Later Years 22%
Smoker 1st Year 100%
2nd - 10th Years 36%
11th & Later Years 20%
Schedule C - Amended Continues . . .
Schedule C - Amended, Pg 2
SCHEDULE C - AMENDED
--------------------
ULEB88 = ULEB 2000
Non-Smoker 1st Year 100%
2nd - 10th Years 31%
11th & Later Years 20%
Smoker 1st Year 100%
2nd - 10th Years 31%
11th & Later Years 12%
*On cessions in excess of $5,000,000 Life Re reserves the right to adjust
allowances for Commissions and expenses.
**The maximum increase amount is the lessor to $25,000 or 15% of the intial
specified amount. Therefore, the maximum increase for any case would be
$375,000 over the lifetime of the Contract. The number of increases
available is staggered based on the Rider issue age. The Company's
underwriting department will consider the first 5 Rider increases in
determining underwriting requirements.
Flexible Advantage Life
(5302 and 5303 - EB)
Non-Smoker 1st Year 100%
2nd Year & Later 42%
Smoker 1st Year 100%
2nd Year & Later 42%
Unisex 1st Year 100%
2nd Year & Later 42%
B. WAIVER OF PREMIUM
The first-year allowances will be the same as those shown for the life
portion, not to exceed 100% of the premium for waiver of premium
disability benefits. Renewal allowances will be the same as those for the
life portion.
For substandard table extras and for flat permanent extras payable for more than
five years, allowances will be the same as those shown for standard ratings, not
to exceed 100% in the first years. For flat temporary extras payable for five
years or less and for flat extras for aviation hazards, the allowances will be
10% in all years.
Effective September 1, 1990
SCHEDULE F
FAL CURRENT COI RATES FOR DURATIONS 1-10
ATT
AGE MALE FEMALE
==== ====== ========
0 1.31 1.08
1 1.29 1.05
2 1.24 1.00
3 1.21 .98
4 1.16 .96
5 1.10 .94
6 1.04 .91
7 .98 .89
8 .94 .88
9 .93 .86
10 .94 .85
11 1.01 .88
12 1.15 .91
13 1.34 .96
14 1.53 1.03
15 1.70 1.08
16 1.85 1.13
17 1.96 1.16
18 2.04 1.20
19 2.09 1.24
ATT -----MALE----- ----FEMALE----
AGE SMOKER NS SMOKER NS
=== ========== ======== ======== ========
20 2.10 2.10 1.26 1.26
21 2.20 2.08 1.33 1.29
22 2.28 2.04 1.38 1.30
23 2.34 1.99 1.45 1.33
24 2.40 1.94 1.51 1.35
25 2.43 1.88 1.59 1.38
26 2.49 1.84 1.68 1.40
27 2.56 1.81 1.75 1.43
28 2.56 1.80 1.81 1.45
29 2.60 1.80 1.89 1.50
30 2.66 1.81 1.98 1.51
31 2.75 1.85 2.05 1.56
32 2.86 1.90 2.14 1.60
33 3.01 1.98 2.25 1.65
34 3.19 2.06 2.38 1.71
35 3.40 2.16 2.51 1.79
36 3.65 2.28 2.73 1.91
37 3.96 2.43 2.98 2.05
38 4.31 2.59 3.23 2.19
39 4.71 2.76 3.54 2.35
40 5.18 2.98 3.91 2.55
41 5.68 3.20 4.26 2.76
42 6.23 3.44 4.65 2.98
43 6.83 3.70 5.00 3.19
44 7.49 3.99 5.39 3.40
45 8.19 4.31 5.74 3.63
46 8.91 4.66 6.15 3.88
47 9.70 5.04 6.59 4.15
48 10.55 5.45 6.99 4.43
49 11.48 5.90 7.49 4.75
50 12.50 6.41 8.04 5.10
51 13.21 6.86 8.19 5.20
52 14.00 7.36 8.43 5.35
53 14.84 7.89 8.59 5.59
54 15.81 8.40 8.89 5.71
55 18.20 8.91 8.89 5.83
56 18.90 7.94 9.61 6.34
57 19.45 10.58 10.33 6.91
58 20.73 11.51 11.05 7.55
59 22.05 12.65 11.76 8.23
60 23.43 14.03 12.49 8.99
61 25.27 15.36 13.79 9.86
62 27.31 16.88 15.28 10.84
63 29.53 18.49 16.83 12.07
64 31.85 20.27 18.30 13.31
65 34.30 22.01 19.57 14.42
66 36.58 24.18 20.54 15.35
67 38.87 26.30 21.32 16.17
68 41.10 28.42 22.07 17.00
69 43.43 30.64 23.02 17.96
70 45.77 32.93 24.35 19.18
71 49.97 35.88 26.63 20.46
72 54.54 39.09 28.88 22.09
73 59.47 42.48 31.04 23.97
74 64.81 45.83 33.16 25.99
75 70.56 48.90 35.20 27.96
76 76.64 54.11 39.27 31.58
77 82.69 59.50 43.43 35.42
78 88.76 65.08 47.79 39.46
79 95.07 71.07 52.41 43.85
80 101.82 77.60 57.62 48.85
81 108.97* 84.94* 63.73* 54.54*
82 117.24* 93.32* 70.52* 61.20*
83 126.19* 102.59* 78.32* 68.80*
84 135.50* 112.58* 86.83* 77.08*
85 144.89* 123.10* 95.85* 86.10*
86 154.09* 133.97* 105.31* 95.72*
87 163.52* 145.04* 115.12* 105.94*
88 173.38* 156.26* 125.36* 116.75*
89 183.17* 167.80* 136.01* 128.23*
* FOR RENEWAL ONLY
SCHEDULE F
FAL CURRENT COI RATES FOR DURATIONS 11+
ATT
AGE MALE FEMALE
==== ====== ========
0
1
2
3
4
5
6
7
8
9
10 .69 .60
11 .75 .63
12 .81 .64
13 .98 .71
14 1.15 .76
15 1.36 .84
16 1.59 .90
17 1.78 .94
18 1.94 .95
19 2.03 .98
ATT -----MALE----- ----FEMALE----
AGE SMOKER NS SMOKER NS
=== ========== ======== ======== ========
20 2.06 2.06 .98 .98
21 2.15 1.99 1.00 .95
22 2.24 1.86 1.03 .95
23 2.35 1.74 1.06 .94
24 2.43 1.63 1.10 .93
25 2.45 1.54 1.14 .91
26 2.43 1.48 1.18 .91
27 2.41 1.45 1.23 .94
28 2.41 1.44 1.28 .94
29 2.44 1.41 1.33 .98
30 2.45 1.39 1.35 .98
31 2.50 1.39 1.43 .99
32 2.54 1.39 1.48 1.03
33 2.60 1.39 1.56 1.06
34 2.70 1.41 1.65 1.10
35 2.81 1.44 1.75 1.15
36 2.95 1.48 1.88 1.20
37 3.14 1.54 2.00 1.25
38 3.34 1.61 2.13 1.31
39 3.59 1.70 2.31 1.41
40 3.85 1.79 2.53 1.53
41 4.16 1.90 2.80 1.66
42 4.53 2.04 3.14 1.81
43 4.89 2.18 3.49 2.00
44 5.29 2.31 3.89 2.20
45 5.76 2.48 4.26 2.36
46 6.21 2.66 4.64 2.54
47 6.74 2.89 5.03 2.75
48 7.29 3.13 5.40 2.98
49 7.86 3.35 5.80 3.19
50 8.49 3.63 6.23 3.45
51 9.14 3.95 6.63 3.75
52 9.85 4.30 7.00 3.99
53 10.60 4.68 7.43 4.25
54 11.38 5.09 7.88 4.56
55 12.16 5.55 8.43 4.93
56 12.96 6.08 9.00 5.31
57 13.75 6.65 9.70 5.78
58 14.58 7.26 10.39 6.28
59 15.44 7.95 11.16 6.80
60 16.35 8.71 12.01 7.41
61 17.71 9.68 12.90 8.05
62 19.21 10.73 13.83 8.76
63 20.85 11.91 14.85 9.51
64 22.64 13.23 15.90 10.35
65 24.55 14.71 17.06 11.28
66 26.38 16.14 18.19 12.20
67 28.60 17.90 19.25 13.14
68 30.73 19.66 20.44 14.19
69 32.98 21.59 21.80 15.40
70 35.78 23.94 23.53 16.90
71 38.76 26.49 25.41 18.53
72 42.00 29.33 27.41 20.26
73 46.93 33.41 29.69 22.26
74 51.71 37.61 32.45 22.68
75 55.98 41.53 35.79 27.60
76 60.35 45.51 39.55 30.96
77 65.40 50.09 43.68 34.74
78 68.68 53.33 48.24 38.98
79 73.79 58.15 53.39 43.84
80 79.26 63.46 59.26 49.43
81 85.50 69.54 65.64 55.63
82 91.71 75.84 72.39 62.31
83 97.10 81.58 79.74 69.74
84 103.29 88.30 87.31 77.55
85 110.76 96.35 97.33 87.73
86 119.25 105.70 105.31 96.28
87 126.34 114.04 115.01 106.63
88 136.64 125.79 124.58 117.00
89 145.79 136.56 134.96 128.34
90 158.11 150.59 146.59 140.98
91 174.06 167.99 158.14 153.24
92 187.80 183.20 173.24 169.18
93 205.18 202.21 186.55 183.61
94 222.96 221.43 204.68 203.05
SCHEDULE F
UNISEX FAL COI RATES FOR DURATIONS 1-10
ATT
AGE ALL
==== =====
0 1.22
1 1.19
2 1.14
3 1.12
4 1.08
5 1.04
6 .99
7 .94
8 .92
9 .90
10 .90
11 .96
12 1.05
13 1.19
14 1.33
15 1.45
16 1.56
17 1.64
18 1.70
19 1.75
ATT ATT ATT
AGE SMOKER NS AGE SMOKER NS AGE SMOKER NS
=== ======== ====== === ======= ====== === ====== ======
20 1.76 1.76 45 7.21 4.04 70 37.20 27.43
21 1.85 1.76 46 7.81 4.35 71 40.63 29.71
22 1.92 1.74 47 8.46 4.68 72 44.28 32.29
23 1.98 1.73 48 9.13 5.04 73 48.10 35.08
24 2.04 1.70 49 9.88 5.44 74 52.15 37.89
25 2.09 1.68 75 56.42 40.52
26 2.17 1.66 50 10.72 5.89 76 61.69 45.10
27 2.24 1.66 51 11.20 6.20 77 66.99 49.82
28 2.26 1.66 52 11.77 6.56 78 72.37 54.83
29 2.32 1.68 53 12.34 6.97 79 78.01 60.18
54 13.00 7.32
30 2.39 1.69 55 13.70 7.68 80 84.14 66.16
31 2.47 1.73 56 14.76 8.38 81* 90.87 72.78
32 2.57 1.78 57 15.80 9.11 82* 98.55 80.47
33 2.71 1.85 58 16.86 9.93 83* 107.04 89.07
34 2.87 1.92 59 17.93 10.88 84* 116.03 98.38
35 3.04 2.01 85* 125.27 108.30
36 3.28 2.13 60 19.05 12.01 86* 134.58 118.67
37 3.57 2.28 61 20.68 13.16 87* 144.16 129.46
38 3.88 2.43 62 22.50 14.46 88* 154.17 140.48
39 4.24 2.60 63 24.45 15.92 89* 164.31 151.92
64 26.43 17.49
40 4.67 2.81 65 28.41 18.97
41 5.11 3.02 66 30.16 20.65 * FOR RENEWAL ONLY
42 5.60 3.26 67 31.85 22.25
43 6.10 3.50 68 33.49 23.85
44 6.65 3.75 69 35.27 25.57
SCHEDULE F
UNISEX FAL COI RATES FOR DURATION 11+
ATT
AGE ALL
==== =====
0
1
2
3
4
5
6
7
8
9
10 .65
11 .70
12 .74
13 .87
14 .99
15 1.15
16 1.31
17 1.44
18 1.54
19 1.61
ATT ATT ATT
AGE SMOKER NS AGE SMOKER NS AGE SMOKER NS
=== ======== ====== === ======= ====== === ====== ======
20 1.63 1.63 45 5.16 2.43 70 30.88 21.12
21 1.69 1.57 46 5.58 2.61 71 33.42 23.31
22 1.76 1.50 47 6.06 2.83 72 36.16 25.70
23 1.83 1.42 48 6.53 3.07 73 40.03 28.95
24 1.90 1.35 49 7.04 3.29 74 44.01 32.44
25 1.93 1.29 75 47.90 35.96
26 1.93 1.25 50 7.59 3.56 76 52.03 39.69
27 1.94 1.25 51 8.14 3.87 77 56.71 43.95
28 1.96 1.24 52 8.71 4.18 78 60.50 47.59
29 2.00 1.24 53 9.33 4.51 79 65.63 52.43
54 9.98 4.88
30 2.01 1.23 55 10.67 5.30 80 71.26 57.85
31 2.07 1.23 56 11.38 5.77 81 77.56 63.98
32 2.12 1.25 57 12.13 6.30 82 83.98 70.43
33 2.18 1.26 58 12.90 6.87 83 90.16 76.84
34 2.28 1.29 59 13.73 7.49 84 96.90 84.00
35 2.39 1.32 85 105.39 92.90
36 2.52 1.37 60 14.61 8.19 86 113.67 101.93
37 2.68 1.42 61 15.79 9.03 87 121.81 111.08
38 2.86 1.49 62 17.06 9.94 88 131.82 122.27
39 3.08 1.58 63 18.45 10.95 89 141.46 133.27
64 19.94 12.08
40 3.32 1.69 65 21.55 13.34 90 153.50 146.75
41 3.62 1.80 66 23.10 14.56 91 167.69 162.09
42 3.97 1.95 67 24.86 16.00 92 181.98 177.59
43 4.33 2.11 68 26.61 17.47 93 197.73 194.77
44 4.73 2.27 69 28.51 19.11 94 215.65 214.08
