Frasierized definition

Frasierized second to die mortality rates.

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Frasierized second-to-die mortality rate per $1,000 in policy year t = 1000q[x]+t-1:[y]+t-1

Frasierized. SECOND TO DIE MORTALITY RATES

Examples of Frasierized in a sentence

• More seriously substandard insureds, and non-qualifying Table 2, 3 and 4 insureds, will use standard rates adjusted as noted in section 3b below.) These individual rates will then be Frasierized to come up with a single mortality rate for the policy.

• The reinsurance rates for joint second to die or survivorship base plans will be equal to the maximum of Frasierized mortality rates and .12 cents per $1000.

• Single life rates are then Frasierized, as determined in Exhibit B.1.

• The reinsurance premiums are equal to the Frasierized single life rates.

• Joint Second-To-Die Frasierized Products The joint second to die frasierized premium will be calculated as follows: The survivorship rate is calculated using the percentages shown below to determine the annual premium rate applicable to each insured life.

• The annual reinsurance premium rates for Policies that convert from a term Policy to a joint second-to-die Policy are calculated Point-in-Scale using the applicable rates as specified in Exhibit 3, Premium Schedule using the Frasierized methodology (refer to Exhibit 6, Survivorship – Frasierized Calculation Schedule) with the appropriate single life rate for each insured, including any additional premiums for substandard or flat extra premiums if applicable.

• Single life rates are then Frasierized, as determined in Exhibit B.II.

• For Joint life policies, reinsurance premiums will be 110% of the single life rates described above for each individual, Frasierized, with a minimum annual premium of $0.12 per $1,000 in all years.

• The Frasierized rates shall be multipli▇▇ ▇▇ ▇he following factors: If one life is uninsurable (previously defined as a life rated above a Table 16 with a minimum life expectancy of 18 - 24 months), the healthy life may be insured, provided it is rated no greater than Table 6 (250%).

• For Joint Survivorship plans, reinsurance premium rates shall be calculated at the individual rates specified above and will then be Frasierized to come up with a single mortality rate for the policy.

More Definitions of Frasierized

Frasierized. Second to Die Mortality Rates Exhibit B.III - Last Survivor Premium Rates Exhibit B.IV - Beneficiary Insurance Option Rates Exhibit B.V - Survivor Purchase Option/Designated Second Life Rates Exhibit ▇.▇▇ - Continuing Coverage Rider Premiums SCHEDULE C - REPORTING INFORMATION Information on Risks Reinsured Policy Exhibit Summary Reserve Credit Summary Accounting Summary SCHEDULE D - FACULTATIVE FORMS Application for Reinsurance Notification of Reinsurance ADDENDUM A - REINSURANCE COVERAGE FOR ACCELERATED CARE RIDER SCHEDULE A.1 - ACCELERATED CARE RIDER COVERAGE AND LIMITS Exhibit A.1.1 - Accelerated Care Rider Final Specifications Exhibit A.1.2 - National Life of Vermont California Non-Qualified Acceleration Rider Actuarial Memorandum Addendum SCHEDULE B.1 - ACCELERATED CARE RIDER PREMIUMS Exhibit B.1.1 - Rates for Qualified Accelerated Care Rider Exhibit B.1.2 - Rates for Non-Qualified Accelerated Care Rider Exhibit B.1.3

Frasierized. SECOND TO DIE MORTALITY RATES: The following steps convert the single life mortality rates, which are attached and labeled (RateTable?) multiplied by the appropriate factor, into "Frasierized" second-to-die mortality rates: