Document:

Exhibit
4.2

 

Exchangeable
PROMISSORY NOTE

 

	Up to $2,000,000	June 29,
    2018

 

For
value received Federal Life Mutual Holding Company, an Illinois corporation
(the “Company”), promises to pay to Insurance Capital Group LLC or its assigns (“Holder”)
the principal sum of up to TWO MILLION DOLLARS $2,000,000 (the “Maximum Amount”) together with accrued
and unpaid interest thereon, each due and payable on the date and in the manner set forth below.

 

This
exchangeable promissory note (the “Note”) is issued in connection with that certain Standby Stock Purchase
Agreement (as may be amended, the “Purchase Agreement”) dated as of the date hereof, among the Company,
Federal Life Group, Inc. (“ListCo”), Federal Life Insurance Company (“Federal Life”)
and Holder. Capitalized terms used herein without definition shall have the meanings given to such terms in the Purchase Agreement.

 

1.       Advances.
Advances under this Note (each, an “Advance” and, collectively, the “Advances”)
shall be made within five (5) Business Days of the receipt by Holder of a written request from the Company, which request shall
include the amount of the requested Advance and wire details of the Company’s bank account into which such Advance shall
be paid. The Company may not request an Advance, and Holder shall have no obligation to fund an Advance (a) until Holder has received
evidence satisfactory to it (in its sole and absolute discretion) of the proper filing of the Registration Statement, (b) if an
Event of Default shall have occurred and be continuing, or (c) if the amount requested, when added to the aggregate amount of
all prior Advances, would exceed the Maximum Amount. Nothing herein shall entitle the Company to re-borrow any Advances previously
repaid.

 

2.       Payments
Generally. All payments of interest and principal shall be in lawful money of the United States of America. All payments shall
be applied first to accrued interest, and thereafter to principal.

 

(a)       Payments
of Interest. Unless this Note has been previously exchanged in accordance with the terms of Section 4 below (or as
otherwise agreed by the Company and Holder), commencing September 30, 2018 and continuing until all amounts due under the Note
are paid in full, the Company shall make interest payments in arrears at the rate described in Section 3 hereof on the
last day of each calendar quarter.

 

(b)       Payments
of Principal. Unless this Note has been previously exchanged in accordance with the terms of Section 4 below (or as
otherwise agreed by the Company and Holder), the Company shall repay the outstanding Advances, together with any accrued and unpaid
interest on the earlier to occur of (i) the date that is two (2) years following the date hereof, (ii) the date of the issuance
of Shares in connection with the Community Offering, in which case the outstanding Advances shall be exchanged for Shares in the
manner described in Section 4 on such date and (iii) the date on which payment of this Note is accelerated pursuant to
Section 7 hereof (the “Maturity Date”).

 

(c)       Prepayments.
The Advances may not be prepaid prior to the date of the issuance of Shares in connection with the Community Offering.

 

3.       Interest
Rate. Interest shall accrue on the amount of the outstanding Advances during each calendar quarter following the date of this
Note at a rate for such quarter equal to (a) from the date of this Note to the date that is twelve months (or, if the Outside
Date is extended pursuant to Section 16(a)(iv) of the Purchase Agreement, eighteen months) following the date of this Note, three
and three-quarters percent (3.75%) per annum and (b) thereafter, or anytime after the occurrence and during the continuation of
an Event of Default (defined below), ten percent (10%) per annum. Interest shall be calculated on the basis of a 365-day year
for the actual number of days elapsed.

 

    	 	 	 

     

    

 

4.       Assumption
and Exchange. Upon the occurrence of the Conversion and the issuance of Shares in connection with the Community Offering,
Listco shall automatically assume and be liable for the obligations of the Company hereunder and the outstanding Advances shall
be exchanged and deemed to be repaid in full upon the issuance to Holder of a number of Shares equal to aggregate amount of the
outstanding Advances divided by the Subscription Price.

 

5.       Expenses.
In the event of any default hereunder, the Company shall pay all reasonable attorneys’ fees and court costs incurred by
Holder in enforcing and collecting this Note.

 

6.       Covenants.
Until all of the obligations to pay principal and interest under this note shall have been satisfied (whether by payment or by
exchange in accordance with Section 4), the Company shall not (a) incur or permit to exist any Indebtedness other than
the Indebtedness under this Note, permit Listco to incur or permit to exist any Indebtedness other than the Indebtedness under
this Note, or permit Federal Life to incur or permit to exist any Indebtedness other than Indebtedness that Federal Life is permitted
to incur under the Purchase Agreement (notwithstanding the termination of the Purchase Agreement), (b) declare or pay any dividends
or other distributions to its shareholders, (c) sell or dispose of any of its assets or cause or permit Federal Life to, directly
or indirectly, sell or dispose of any of its assets outside of the ordinary course of Federal Life’s business, or (d) without
the prior written consent of Holder, make any investments or acquisitions of assets or cause or permit Federal Life to make any
investments or acquisitions of assets outside of the ordinary course of its business.

 

7.       Default.
If there shall be any Event of Default hereunder, at the option and upon the declaration of Holder and upon written notice to
the Company (which election and notice shall not be required in the case of an Event of Default under Section 7(c) or Section
7(d)), this Note shall accelerate and all principal and unpaid accrued interest shall become due and payable. For the purposes
of this Note, an “Event of Default” shall mean the occurrence of any one or more of the following:

 

(a)       The
Company fails to pay timely any of the principal amount due under this Note on the date the same becomes due and payable or any
accrued interest or other amounts due under this Note on the date the same becomes due and payable;

 

(b)       The
Company, ListCo or Federal Life shall default in its performance of any covenant under the Purchase Agreement or the Note;

 

(c)       The
Company files any petition or action for relief under any bankruptcy, reorganization, insolvency or moratorium law or any other
law for the relief of, or relating to, debtors, now or hereafter in effect, or makes any assignment for the benefit of creditors
or takes any corporate action in furtherance of any of the foregoing;

 

(d)       An
involuntary petition is filed against the Company (unless such petition is dismissed or discharged within 60 days under any bankruptcy
statute now or hereafter in effect, or a custodian, receiver, trustee, assignee for the benefit of creditors (or other similar
official) is appointed to take possession, custody or control of any property of the Company); or

 

8.       Waiver.
The Company hereby waives: (a) all presentments, demands for performance, notices of nonperformance (except to the extent required
by the provisions of this Note), protests, notices of protest and notices of dishonor; (b) any requirement of diligence or promptness
on the part of Holder in the enforcement of its rights hereunder; (c) any and all notices of every kind and description which
may be required to be given by any statute or rule of law; and (d) any defense (other than indefeasible payment in full) which
it may now or hereafter have with respect to its liability hereunder.

 

    	 	2	 

     

    

 

9.       Governing
Law. This Note shall be governed by and construed under the laws of the State of New York, without giving effect to conflicts
of laws principles which would lead to the application of the laws of any other jurisdiction.

 

10.       Modification;
Waiver. Any term of this Note may be amended or waived with the written consent of the Company and Holder.

 

11.       Assignment.
This Note may be transferred only (i) upon its surrender to the Company for registration of transfer, duly endorsed, or accompanied
by a duly executed written instrument of transfer in form reasonably satisfactory to the Company and (ii) unless the Purchase
Agreement has been terminated in accordance with the terms thereof, in connection with an assignment of Holder’s rights
under the Purchase Agreement in accordance with Section 19 thereof. Thereupon, this Note shall be reissued to, and registered
in the name of, the transferee, or a new Note for like principal amount and interest shall be issued to, and registered in the
name of, the transferee. Interest and principal shall be paid solely to the registered holder of this Note. Such payment shall
constitute full discharge of the Company’s obligation to pay such interest and principal.

 

[Signature
Page Follows]

 

    	 	3	 

     

    

 

IN WITNESS
WHEREOF, the Company and ListCo have caused this Note to be duly executed and delivered as of the date first above written.

 

	 	FEDERAL LIFE MUTUAL HOLDING COMPANY
	 	 	 
	 	By:	/s/ William S. Austin 
	 	 	William S. Austin
	 	 	President
	 	 	 
	 	FEDERAL LIFE GROUP, INC.
	 	 	 
	 	By:	/s/ William S. Austin 
	 	 	William S. Austin
	 	 	President

 

[Signature Page to Exchangeable Promissory
Note]Exhibit 10.4

 

AMENDMENT NUMBER ONE

 

to

 

REINSURANCE AGREEMENT

 

NUMBER          308-16AY12

 

between

 

FEDERAL LIFE INSURANCE COMPANY

3750 West Deerfield Road

Riverwoods, Illinois 60015

 

(hereinafter referred to as “THE COMPANY”)

 

and

 

OPTIMUM RE INSURANCE COMPANY

 

1345 River Bend Drive, Suite 100,

 

Dallas, TX 75247

 

(hereinafter referred to as “OPTIMUM
RE”)

 

Respecting reinsurance of a closed in-force block of Universal
Life policies reinsured on YRT basis from October 1, 2017

 

     

     

    

 

1. Effective October 1, 2017, this
Agreement shall be amended as follows:

 

A. Article 1.1, Scope
of Reinsurance Ceded and Accepted, shall be amended and replaced by the following to reflect the addition of a closed in-force
block of Universal Life policies:

 

1.1 Scope of Reinsurance
Ceded and Accepted

 

Effective July 1,
2016, OPTIMUM IRE hereby agrees to assume 100% of the amount in excess of THE COMPANY’s retention, net of the existing amount
of reinsurance, on THE COMPANY’s closed in-force block of Level Term policies as per the attached in-force listing specified
in Schedule E. It is understood that no additional policies are to be added to this block past the effective date of this
Agreement without OPTIMUM RE’s prior written approval.

 

Effective October 1,
2017, OPTIMUM RE hereby agrees to assume 100% of the amount in excess of THE COMPANY’s retention, net of the existing amount
of reinsurance, on THE COMPANY’s closed in-force block of Universal Life policies as per the attached in-force listing specified
in Schedule H. It is understood that no additional policies are to be added to this block past the effective date of this
Agreement without OPTIMUM RE’s prior written approval.

 

The maximum
reinsurance amount per life that will be ceded to OPTIMUM RE is as described in Schedule A.

 

B. Article 3.2, Net Amount
at Risk Basis, shall be amended and replaced by the following to reflect a change in A.2 due to the administration of the closed
in-force block of Universal Life policies.

 

3.2 Net Amount at Risk Basis

 

When the reinsurer
does not participate in the surrender values on a policy, as in reinsurance based on YRT or cost of insurance rates, the reinsurance
amount at risk shall be based on the death benefit less a fund which represents the savings element in the policies.

 

The overriding
principle involved is that OPTIMUM RE and THE COMPANY will each continue to insure their original proportionate share of the net
amount at risk.

 

    	 	1	 

     

    

 

Net Amounts at Risk mill be defined
as follows:

 

A. Insurance With Cash Values

 

1. Scheduled Face Amount and Cash Value 

 

Amounts at
risk will be projected for 10 year intervals (or until there is a scheduled change in face amount if less than 10 years).
Cash, values will be used to represent the fund at the end of an interval, and amounts at risk for each intervening year will be
interpolated on a straight line basis.

 

2. Variable Face Amount or Variable Cash Value

 

The amount
at risk applicable to each policy year will be the projected amount at risk at the beginning of that policy year. Amounts at risk
will be recalculated when THE COMPANY periodically provides updated cash values. Upon recalculation, the amount at risk will remain
level until THE COMPANY provides the subsequent updated cash values. The amount at risk on which reinsurance premiums were paid
will be the basis for the reinsurance claim liability.

 

B. Insurance Without Cash Values

 

This category
should include policies where the cash values never exceed 10% of the face amount.

 

1. Scheduled Face Amount 

 

The amount
at risk applicable to each policy year will be the face amount applicable at the beginning of the policy year.

 

2. Variable Face Amount 

 

The amount
at risk applicable to each policy year will be the face amount projected to be applicable at the beginning of that policy year.
Face amounts will be projected for five year intervals. Where actual face amounts diverge from the originally projected face amounts
by more than 10%, THE COMPANY may re-establish the projected schedule at the next policy anniversary for future face amounts. If
the schedule is not amended, the existing established schedule will be used for determining premium and claims liabilities.

 

    	 	2	 

     

    

 

C. Article 4. 2, Standard,
Risks, shall be amended and replaced by the following to reflect the addition of a closed in-force block of Universal Life
policies:

 

4.2         Standard
Risks

 

TERM BLOCK

For policies
issued prior to 2009, reinsurance premiums for standard risks are calculated based on the issue age and duration for that policy
by applying the appropriate percentage as specified in Schedule B to the age nearest birthday mortality tables specified in
Schedule C, exclusive of policy fees.

 

For policies
issued in 2009 and afterwards, reinsurance premiums for standard risks are calculated based on the issue age and duration for that
policy by applying the appropriate percentage as specified in Schedule B to the age last birthday mortality tables specified
in Schedule D, exclusive of policy fees.

 

UNIVERSAL LIFE BLOCK

For policies
issued on forms I-385, L-7620, and, L-7929, reinsurance premiums for standard risks are calculated based on the issue age
and duration for that policy by applying the appropriate percentage as specified in Schedule B to the age nearest birthday
mortality tables specified in Schedule F, exclusive of policy fees.

 

For policies
issued on form L-8031, reinsurance premiums for standard risks are calculated based on the issue age and duration for that policy
by applying the appropriate percentage as specified in Schedule B to the age last birthday mortality tables specified in Schedule G,
exclusive of policy fees.

 

TERM AND UNIVERSAL LIFE BLOCKS

For the period
from the effective date of the reinsurance coverage under this Agreement up to the next policy anniversary date, THE COMPANY shall
pay a pro-rated reinsurance premium to OPTIMUM RE. Following the initial reinsurance premium, all reinsurance premiums shall be
as described above and in Article 7.

 

D. Article 8.8, Recapture,
shall be renumbered to Article 8.9, and a new Article 8.8, Reduced Paid Up and Extended Term, shall be included as shown
below:

 

8 .8         Reduced Paid Up and
Extended Term

 

If a Reduced
Paid Up or Extended Term option is selected by the policyholder, OPTIMUM RE will continue to reinsure its proportionate share of
the policy.

 

    	 	3	 

     

    

 

For policies
where OPTIMUM RE does not participate in surrender value accumulation, reinsurance premiums will be calculated on a point-in-scale
basis using the same YRT rates that applied to the policy and the calculation of the Net Amount at Risk according to Article 3.

 

8 9         Recapture

 

Recapture will
not be permitted under this Agreement unless explicitly approved by OPTIMUM RE, except as stated in Article 3.3.

 

E. Schedule B shall be amended
and replaced with the attached.

 

F. Schedules F, G, and H
shall be included as attached.

 

    	 	4	 

     

    

 

2. Signatures

 

The terms and conditions of this Agreement
are not changed in any way except as stated herein.

 

IN WITNESS of the above, this Amendment
is signed in duplicate on the dates indicated.

 

	FOR:  FEDERAL LIFE INSURANCE COMPANY

 

	BY:	/s/ Paul R. Murphy	 	DATE:	01-10-2018
	 	 	 	 	 
	NAME:	Paul R. Murphy	 	 	 
	 	 	 	 	 
	TITLE:	Actuary	 	 	 

 

	BY:	/s/ Dorothy M. Latuzek	 	DATE:	01-10-2018
	 	 	 	 	 
	NAME:	Dorothy M. Latuzek	 	 	 
	 	 	 	 	 
	TITLE:	Director of Underwriting	 	 	 

 

FOR: OPTIMUM RE INSURANCE COMPANY

 

	BY:	/s/ Sebastien Blondeau	 	DATE:	12-20-2017
	 	 	 	 	 
	NAME:	Sebastien Blondeau	 	 	 
	 	 	 	 	 
	TITLE:	President & COO	 	 	 
	 	 	 	 	 
	BY:	/s/ Serge Goulet	 	DATE:	12-20-2017
	 	 	 	 	 
	NAME:	Serge Goulet	 	 	 
	 	 	 	 	 
	TITLE:	Managing Director	 	 	 

 

    	 	5	 

     

    

 

SCHEDULE B

 

EFFECTIVE JULY 1, 2016

REINSURANCE PREMIUM PERCENTAGES FOR THE

CLOSED IN-FORCE BLOCK OF LEVEL TERM POLICIES

 

PREMIUM PERCENTAGES APPLIED TO THE APPLICABLE MORTALITY

TABLES SPECIFIED IN SCHEDULE C AND SCHEDULE D

 

3-CLASS TERM PRODUCTS 

 

	RISK CLASS	 	LEVEL TERM
 PERIOD	 	 	POST LEVEL
 TERM PERIOD	 
	MALE PREFERRED NONTOBACCO	 	 	43	%	 	 	62	%
	MALE RESIDUAL NONTOBACCO	 	 	52	%	 	 	82	%
	MALE STANDARD TOBACCO	 	 	109	%	 	 	169	%
	FEMALE PREFERRED NONTOBACCO	 	 	47	%	 	 	68	%
	FEMALE RESIDUAL NONTOBACCO	 	 	63	%	 	 	99	%
	FEMALE STANDARD TOBACCO	 	 	140	%	 	 	217	%

 

2-CLASS & AGGREGATE TERM PRODUCTS, 

 

	 	 	ART ONLY	 	 	ALL OTHER TERM
 PLANS	 
	RISK CLASS	 	ALL
 DURATIONS	 	 	LEVEL
 TERM
 PERIOD	 	 	POST
 LEVEL
 TERM
 PERIOD	 
	MALE STANDARD NONTOBACCO	 	 	52	%	 	 	52	%	 	 	82	%
	MALE STANDARD TOBACCO	 	 	109	%	 	 	109	%	 	 	169	%
	MALE AGGREGATE	 	 	63	%	 	 	63	%	 	 	98	%
	FEMALE STANDARD NONTOBACCO	 	 	63	%	 	 	63	%	 	 	99	%
	FEMALE STANDARD TOBACCO	 	 	140	%	 	 	140	%	 	 	217	%
	FEMALE AGGREGATE	 	 	81	%	 	 	81	%	 	 	125	%

 

*AFTER APPLYING THE ABOVE PERCENTAGES
TO THE MORTALITY TABLES SPECIFIED, MULTIPLY THESE BY THE NET AMOUNT AT RISK PER THOUSAND AND ROUND THE RESULTING REINSURANCE PREMIUMS
TO TWO DECIMAL PLACES (I.E., NEAREST CENT).

 

    	 	6	 

     

    

 

SCHEDULE B
(Continued)

 

EFFECTIVE JULY 1, 2016

REINSURANCE PREMIUM PERCENTAGES FOR THE

CLOSED IN-FORCE BLOCK OF LEVEL TERM POLICIES

 

PREMIUM PERCENTAGES APPLIED TO THE APPLICABLE MORTALITY

TABLES SPECIFIED IN SCHEDULES F AND G

 

	RISK CLASS	 	ALL

DURATIONS	 
	ALL CLASSES	 	 	115	%

 

*AFTER APPLYING THE ABOVE PERCENTAGES TO THE MORTALITY TABLES
SPECIFIED, MULTIPLY THESE BY THE NET AMOUNT AT RISK PER THOUSAND AND ROUND THE RESULTING REINSURANCE PREMIUMS TO TWO DECIMAL PLACES
(I.E., NEAREST CENT). FOR UNIVERSAL LIFE POLICIES, THE NET AMOUNT AT RISK SHALL BE DEFINED AS THE FACE AMOUNT MINUS THE CASH VALUE.

 

    	 	7	 

     

    

 

SCHEDULE F

 

SOA 2008 VBT, AGE NEAREST BIRTHDAY,

SELECT & ULTIMATE, SMOKER AND

GENDER DISTINCT MORTALITY TABLES

 

PART 1 - MALE RATES

 

    	 	8	 

     

    

 

REINSURANCE AGREEMENT

 

NUMBER:      308-16AY12

 

Between

 

FEDERAL LIFE INSURANCE COMPANY (MUTUAL)

 

3750 West Deerfield Road

 

Riverwoods, Illinois 60015

 

(hereinafter referred to as “THE COMPANY”)

 

And

 

OPTIMUM RE INSURANCE COMPANY

 

1345 River Bend Drive, Suite 100

 

Dallas, TX 75247

 

(hereinafter referred to as “OPTIMUM
RE”)

 

Respecting reinsurance of a closed in-force block of Level Term
policies reinsured on an Automatic YRT basis from July 1, 2016.

 

     

     

    

 

TABLE
OF CONTENTS

 

	 	Page
	 	 
	ARTICLE 1 REINSURANCE CEDED AND ACCEPTED	3
	 	 
	1.1. Scope of Reinsurance Ceded and Accepted	3
	 	 
	1.2. Currency	3
	 	 
	ARTICLE 2 LIABILITY	4
	 	 
	ARTICLE 3 REINSURANCE AMOUNT AT RISK	5
	 	 
	3.1. Face Amount Basis	5
	 	 
	3.2. Net Amount at Risk Basis	5
	 	 
	3.3. Minimum Reinsured Risk Amount	6
	 	 
	ARTICLE 4 REINSURANCE PREMIUMS	7
	 	 
	4.1. Life Premiums	7
	 	 
	4.2. Standard Risks	7
	 	 
	4.3. Substandard Risks	7
	 	 
	ARTICLE 5 ALLOWANCES	9
	 	 
	5.1. Allowances	9
	 	 
	5.2. Premium Taxes	9
	 	 
	ARTICLE 6 GENERAL PROCEDURES	10
	 	 
	6.1. Inspection of Records	10
	 	 
	6.2. Errors and Omissions	10
	 	 
	6.3. Reserves	10
	 	 
	6.4. Reporting	10
	 	 
	6.5. Confidentiality	11
	 	 
	ARTICLE 7 ACCOUNTING AND BILLING	12
	 	 
	7.1. Reinsurance Premiums	12
	 	 
	7.2. Individual Cession Billing	12
	 	 
	7.3. Late Payment	12
	 	 
	ARTICLE 8 CHANGES AND ADJUSTMENTS	13
	 	 
	8.1. Change Information	13
	 	 
	8.2. Reductions	13
	 	 
	8.3. Reinstatements	13
	 	 
	8.4. Conversions	13
	 	 
	8.5. Terminations	13

 

    	 	i	 

     

    

 

	8.6. Cash Values	14
	 	 
	8.7. Policy loans and Dividends	14
	 	 
	8.8. Recapture	14
	 	 
	ARTICLE 9 CLAIMS	15
	 	 
	9.1. Claims Liability	15
	 	 
	9.2. Notice	15
	 	 
	9.3. Authorization for Payment	15
	 	 
	9.4. Adjusted Amounts	15
	 	 
	9.5. Payment	15
	 	 
	9.6. Contest	15
	 	 
	9.7. Punitive Damages	16
	 	 
	ARTICLE 10 ARBITRATION	17
	 	 
	10.1. Principle	17
	 	 
	10.2. Arbitrators	17
	 	 
	10.3. Matters In Dispute	17
	 	 
	10.4. Procedures	17
	 	 
	10.5. Decision	17
	 	 
	10.6. Applicable Laws	17
	 	 
	ARTICLE 11 INSOLVENCY	18
	 	 
	11.1. Payment of Claims	18
	 	 
	11.2. Notice to OPTIMUM RE	18
	 	 
	11.3. Expenses	18
	 	 
	11.4. Right to Offset	18
	 	 
	ARTICLE 12 DEFERRED ACQUISITION COST TAX	19
	 	 
	ARTICLE 13 EXECUTION	20
	 	 
	13.1. Duration	20
	 	 
	13.2. Parties to the Agreement	20
	 	 
	13.3. Written Agreement	20
	 	 
	13.4. Change of Control/Assignment	20
	 	 
	13.5. Compliance	21
	 	 
	13.6. Signatures	21

 

    	 	ii	 

     

    

 

SCHEDULES

 

	SCHEDULE A:	RETENTION AND REINSURANCE LIMITS
	 	 
	SCHEDULE B:	REINSURANCE PREMIUM PERCENTAGES FOR THE CLOSED IN-FORCE BLOCK OF LEVEL TERM POLICIES
	 	 
	SCHEDULE C:	US 75-80, BASIC SELECT & ULTIMATE, AGGREGATE AGE NEAREST BIRTHDAY, GENDER DISTINCT MORTALITY TABLES

 

	 	PART 1 -	
        MALE RATES

         

	 	PART 2 -	FEMALE RATES

 

	SCHEDULE D:	US 75-80, BASIC SELECT & ULTIMATE, AGGREGATE AGE LAST BIRTHDAY, GENDER DISTINCT MORTALITY TABLES

 

	 	PART 1 -	
        MALE RATES

         

	 	PART 2 -	FEMALE RATES

 

	SCHEDULE E:	IN-FORCE LIST OF LEVEL TERM POLICIES

 

    	 	iii	 

     

    

 

By this Agreement, FEDERAL LIFE INSURANCE COMPANY (MUTUAL),
a corporation organized under the laws of the State of Illinois, hereinafter referred to as “THE COMPANY”, and OPTIMUM
RE INSURANCE COMPANY, a corporation organized under the laws of the State of Texas, hereinafter referred to as “OPTIMUM RE”,
mutually agree to reinsure on the following terms and conditions.

 

    	 	1	 

     

    

 

DEFINITION
OF TERMS USED IN THIS AGREEMENT

 

	Compensatory Damages	 	Shall mean the amounts awarded to compensate for the actual damages sustained, and not awarded as a penalty, nor fixed in amount by statute.
	 	 	 
	Insolvency	 	Shall mean the legal incapacity of a company to operate as declared by a court of competent jurisdiction.
	 	 	 
	Policy	 	Shall mean the contract(s) of insurance issued by THE COMPANY in respect of which reinsurance is applied for and/or placed in whole or in part.
	 	 	 
	Punitive Damages	 	Shall mean the damages awarded as a penalty, the amount of which is not governed, nor fixed by statute.
	 	 	 
	Reinsurance Cession	 	Shall mean the insurance transferred to OPTIMUM RE by THE COMPANY on a policy.
	 	 	 
	Statutory Penalties	 	Shall mean the amounts which are awarded as a penalty, but fixed in amount by statute.

 

    	 	2	 

     

    

 

ARTICLE
1

REINSURANCE CEDED AND ACCEPTED

 

1.1.
Scope of Reinsurance Ceded and Accepted

 

OPTIMUM RE hereby agrees to assume 100%
of the amount in excess of THE COMPANY’s retention, net of the existing amount of reinsurance, on THE COMPANY’s closed
in-force block of Level Term policies as per the attached in-force listing specified in Schedule E. It is understood that
no additional policies are to be added to this block past the effective date of this Agreement without OPTIMUM RE’s prior
written approval.

 

The maximum reinsurance amount per life
that will be ceded to OPTIMUM RE is as described in Schedule A.

 

1.2.
Currency

 

Reinsurance will be in U.S. dollars. Any
other currency requires specific agreement between THE COMPANY and OPTIMUM RE.

 

    	 	3	 

     

    

 

ARTICLE
2

LIABILITY

 

OPTIMUM RE accepts liability for its share
of the risks on eligible lives for deaths occurring on or after the effective date of the Agreement.

 

The liability of OPTIMUM RE on any policy
shall commence on the effective date of this Agreement and end simultaneously with that of THE COMPANY.

 

    	 	4	 

     

    

 

ARTICLE
3

REINSURANCE AMOUNT AT RISK

 

3.1.
Face Amount Basis

 

When the reinsurer is participating in the
accumulation of surrender values on a policy, or when there are no surrender values on a policy, the reinsurance amount shall be
based on the face amount of the policy.

 

The overriding principle involved is that
OPTIMUM RE and THE COMPANY will each continue to insure their original proportionate share of the initial face amount.

 

3.2.
Net Amount at Risk Basis

 

When the reinsurer does not participate
in the surrender values on a policy, as in reinsurance based on YRT or cost of insurance rates, the reinsurance amount at risk
shall be based on the death benefit less a fund which represents the savings element in the policies.

 

The overriding principle involved is that
OPTIMUM RE and THE COMPANY will each continue to insure their original proportionate share of the net amount at risk.

 

Net Amounts at Risk will be defined as follows:

 

A. Insurance With Cash Values

 

1. Scheduled Face Amount and Cash Value

 

Amounts at risk will be projected for 10 year
intervals (or until there is a scheduled change in face amount if less than 10 years). Cash values will be used to represent
the fund at the end of an interval, and amounts at risk for each intervening year will be interpolated on a straight line basis.

 

2. Variable Face Amount or Variable
Cash Value

 

The amount at risk applicable to each policy
year will be the projected amount at risk at the beginning of that policy year. Amounts at risk will be projected for five year
intervals. Where an actual amount at risk diverges from an originally projected amount at risk by more than 10%, THE COMPANY may
re-establish the projected Schedule at the next policy anniversary for future amounts at risk. If the Schedule is not
amended, the existing established Schedule will be used for determining premium and claims liabilities.

 

B. Insurance Without Cash Values

 

This category should include policies where
the cash values never exceed 10% of the face amount.

 

    	 	5	 

     

    

 

1. Scheduled Face Amount

 

The amount at risk applicable to each policy
year will be the face amount applicable at the beginning of the policy year.

 

2. Variable Face Amount

 

The amount at risk applicable to each policy
year will be the face amount projected to be applicable at the beginning of that policy year. Face amounts will be projected for
five year intervals. Where actual face amounts diverge from the originally projected face amounts by more than 10%, THE COMPANY
may re-establish the projected Schedule at the next policy anniversary for future face amounts. If the Schedule is not
amended, the existing established Schedule will be used for determining premium and claims liabilities.

 

3.3.
Minimum Reinsured Risk Amount

 

The minimum reinsured risk amount shall
be $1,000. In the event that the reinsured risk amount reduces below the minimum, THE COMPANY will automatically recapture the
risk on that policy anniversary.

 

    	 	6	 

     

    

 

ARTICLE
4

REINSURANCE PREMIUMS

 

4.1.
Life Premiums

 

Until further notice, the reinsurance premiums
shall be at the rates described in Articles 4.2 and 4.3.

 

Although OPTIMUM RE anticipates that the
reinsurance premium rates in Schedule B shall apply indefinitely, it guarantees only that the reinsurance premium rates applicable
to the business reinsured hereunder will not exceed the YRT net premiums at the applicable statutory minimum valuation select and
ultimate mortality table and statutory maximum interest rate.

 

In the event THE COMPANY increases its premiums
or cost-of-insurance charges on any block of policies, OPTIMUM RE reserves the right to review and modify its reinsurance premium
rates. Any such increase in the reinsurance premium rates shall be in proportion to THE COMPANY’s increase in premiums or
cost-of-insurance charges.

 

The increase in the reinsurance premium
rates shall become effective on the policy anniversary dates beginning no sooner than 30 days after OPTIMUM RE has given its
written notice to THE COMPANY of its intent to increase the reinsurance premium rates and no sooner than the COMPANY’s increase
in its premiums or cost-of-insurance charges.

 

4.2.
Standard Risks

 

For policies issued prior to 2009, reinsurance
premiums for standard risks are calculated based on the issue age and attained duration for that policy by applying the appropriate
percentage as specified in Schedule B to the age nearest mortality tables specified in Schedule C, exclusive of policy
fees.

 

For policies issued in 2Q09 and afterwards,
reinsurance premiums for standard risks are calculated based on the issue age and attained duration for that policy by applying
the appropriate percentage as specified in Schedule B to the age last mortality tables specified in Schedule D, exclusive
of policy fees.

 

For the period from the effective date of
this Agreement up to the next policy anniversary date, THE COMPANY shall pay a pro-rated reinsurance premium to OPTIMUM RE. Following
the initial reinsurance premium, all reinsurance premiums shall be as described above and in Article 7.

 

4.3.
Substandard Risks

 

Substandard reinsurance premiums shall be
paid on policies which have been underwritten as a substandard risk. The substandard extra premium rate per $1,000 for one table
(25% mortality) is 25% of the standard rate. The extra premium for additional tables is the corresponding multiple of the extra
premium rate for one table.

 

    	 	7	 

     

    

 

When a flat extra premium is charged by
THE COMPANY, a flat extra reinsurance premium is paid at the same rate and for the same period.

 

    	 	8	 

     

    

 

ARTICLE
5

ALLOWANCES

 

5.1.
Allowances

 

There are no allowances payable on the standard
and substandard life premiums based on the YRT rates in Schedule B.

 

Allowances on Flat Extra Premiums 

 

On permanent (6 years or more) flat extra
premiums:

 

	1st year	 	:	 	 	75	%
	 	 	 	 	 	 	 
	Renewals	 	:	 	 	10	%

 

On temporary (5 years of less) flat extra
premiums:

 

	All years	 	:	 	 	10	%

 

5.2.
Premium Taxes

 

OPTIMUM RE shall not reimburse THE COMPANY
for state premium tax or any other tax levied on THE COMPANY.

 

    	 	9	 

     

    

 

ARTICLE
6

GENERAL PROCEDURES

 

6.1.
Inspection of Records

 

OPTIMUM RE shall have the right to inspect,
make copies of, or reproduce, at any reasonable time, at the office of THE COMPANY, all books and documents relating to reinsurance
under this Agreement.

 

6.2.
Errors and Omissions

 

It is expressly understood and agreed that
if failure to comply with any terms of this Agreement is shown to be unintentional and the result of administrative errors or omissions
on the part of either THE COMPANY or OPTIMUM RE, both THE COMPANY and OPTIMUM RE shall be restored to the position they would have
occupied had no such error or omission occurred.

 

This provision shall apply only to oversights,
misunderstandings or clerical errors relating to the administration of reinsurance covered by this Agreement and not to the administration
of the insurance provided by THE COMPANY to its insured. Any negligent or deliberate acts or omissions by THE COMPANY regarding
the insurance provided are the responsibility of THE COMPANY and its liability insurer, if any, but not that of OPTIMUM RE.

 

Furthermore, the deviating party will undertake
to identify, through a prudent review of its records all other errors and omissions of the same or similar category and correct
them within a mutually negotiated time frame.

 

If seven (7) years have elapsed since the
error or oversight occurred, there will not be rectification as above, unless both OPTIMUM RE and THE COMPANY agree to such rectification.

 

6.3.
Reserves

 

OPTIMUM RE will establish appropriate reserves
in accordance with the Standard Valuation Law in effect in Texas, on the portion of policies reinsured, and in force, as reported
to OPTIMUM RE under this Agreement.

 

6.4.
Reporting

 

THE COMPANY shall promptly report all transactions
to OPTIMUM RE. In particular, but not limited to, changes and terminations.

 

Should THE COMPANY encounter, or expect
to encounter, delays in reporting its business; it shall promptly:

 

		1.	Notify OPTIMUM RE of the situation; and

 

    	 	10	 

     

    

 

		2.	Present OPTIMUM RE with a plan of action to correct the situation, including a time frame to solve
the problem.

 

OPTIMUM RE, upon receipt of the above, may
request that THE COMPANY:

 

		1.	Make modifications to the plan;

 

		2.	Pay estimated premiums for the duration of the reporting problem; and/or

 

		3.	Report larger individual exposures manually, until the situation is resolved.

 

In any case where the above is not met,
or if the plan is not accepted by both OPTIMUM RE and THE COMPANY, or when the plan is not adhered to, OPTIMUM RE reserves the
right to deny liability on claims or limit refunds of reinsurance premiums.

 

6.5.
Confidentiality

 

THE COMPANY and OPTIMUM RE agree that Customer
and Proprietary Information will be treated as confidential. Customer Information includes, but is not limited to, medical, financial,
and other personal information about proposed, current, and former policy owners, insureds, applicants, and beneficiaries of policies
issued by THE COMPANY. Proprietary Information includes, but is not limited to, business plans, mortality and lapse studies, underwriting
manuals and guidelines, applications and contract forms. Furthermore, the specific terms and conditions of this Agreement, cannot
be disclosed to any other party for competitive use, unless prior written approval is obtained.

 

Customer and Proprietary Information will
not include information that:

 

		a.	is or becomes available to the general public through no fault of the party receiving the Customer
or Proprietary Information (the “Recipient”);

 

		b.	is independently developed by the Recipient;

 

		c.	is acquired by the Recipient from a third party not covered by a confidentiality agreement; or

 

		d.	is disclosed under a court order, law or regulation.

 

The parties will not disclose such information
to any other parties unless agreed to in writing, except as necessary for retrocession purposes, as requested by external auditors,
as required by court order, or as required or allowed by law or regulation.

 

THE COMPANY acknowledges that OPTIMUM RE
can aggregate data with other companies reinsured with OPTIMUM RE as long as the data cannot be identified as belonging to THE
COMPANY.

 

    	 	11	 

     

    

 

ARTICLE
7

ACCOUNTING AND BILLING

 

7.1.
Reinsurance Premiums

 

For the period from the effective date of
this Agreement up to the next policy anniversary date, the reinsurance premiums are due at the effective date of this Agreement.
Following the initial payment of reinsurance premiums, reinsurance premiums are due on the policy anniversary date and payable
to OPTIMUM RE on an annual basis regardless of how premiums are paid to THE COMPANY.

 

7.2.
Individual Cession Billing

 

OPTIMUM RE will submit every month to THE
COMPANY a listing of changes and terminations, and a statement of amounts payable.

 

The net balance is due to OPTIMUM RE within
30 days of receiving the statement. If a balance is due to THE COMPANY, OPTIMUM RE will remit its payment with the statement.

 

7.3.
Late Payment

 

Any overdue balance bears interest from
the end of a 30-day period following receipt of the monthly billing.

 

The interest for the period from 30 to 60 days
will be the then current annual prime interest rate of the JP Morgan Chase Bank, Dallas, Texas calculated on a monthly basis.

 

For each additional month, after 60 days
that a balance remains unpaid, interest will be calculated using the above annual rate plus 2%.

 

The payment of reinsurance premiums shall
be a condition precedent to the liability of OPTIMUM RE under this Agreement. If any premium remains unpaid for more than 60 days
after the due date, OPTIMUM RE may send to THE COMPANY a formal demand for immediate payment. If THE COMPANY does not comply with
this demand within 30 days, then OPTIMUM RE may cancel any unpaid reinsurance cessions for nonpayment of premium; however,
any unpaid premiums to the time of cancellation would be due with interest.

 

THE COMPANY will not force cancellation
under the provisions of this Article solely to circumvent the provisions regarding recapture in Article 8.8., or to transfer
the reinsured policies to another reinsurer.

 

    	 	12	 

     

    

 

ARTICLE
8

CHANGES AND ADJUSTMENTS

 

8.1.
Change Information

 

THE COMPANY will keep OPTIMUM RE informed
of any changes or adjustments affecting a reinsured case. If a change affects either the reinsurance premiums or allowances, or
amount at risk, THE COMPANY will provide OPTIMUM RE with the necessary information to complete a modified Reinsurance Cession Form.

 

8.2.
Reductions

 

If a policy is changed in any way that results
in a reduction in the amount of insurance on any policy, the amount of reinsurance on that policy will be reduced proportionately.

 

If a Life has multiple policies and one
or more are terminated or reduced, the reinsurance on remaining policies for that same Life that are reinsured under this Agreement
will not be reduced to allow THE COMPANY to fill its retention.

 

If more than one reinsurer has a cession
on that policy, each reinsurer’s cession will be reduced proportionately.

 

8.3.
Reinstatements

 

If a policy reinsured with OPTIMUM RE lapses
and is subsequently reinstated under THE COMPANY’s regular rules, the reinsurance will automatically be reinstated for the
same amount, upon receipt by OPTIMUM RE of written notice of the reinstatement. All other reinstatement requests shall be submitted
to OPTIMUM RE for its approval before THE COMPANY can reinstate such policy.

 

THE COMPANY shall pay all reinsurance premiums
in arrears for the same period THE COMPANY received premiums in arrears under its policy, including interest, if any.

 

8.4.
Conversions

 

When a conversion right is contractually
available under the original plan, provided the conversion occurs before age 65, OPTIMUM RE shall continue to reinsure its share
of the policy. The reinsurance premiums shall be calculated on a point-in-scale basis using the same reinsurance factor specified
in Schedule B, at the time of the policy conversion, for the conversion plan. The calculation of the Net Amount at Risk shall
be as described in Article 3.

 

8.5.
Terminations

 

At termination of a policy, other than death,
all premiums and allowances, excluding cession fees, are adjusted pro rata for the period of coverage.

 

In the event of termination by death, there
will be no adjustment of premiums.

 

    	 	13	 

     

    

 

8.6.
Cash Values

 

OPTIMUM RE will not participate in the payment
of cash values.

 

8.7.
Policy loans and Dividends

 

OPTIMUM RE will not participate in policy
loans or dividends.

 

8.8.
Recapture

 

Recapture will not be permitted under this
Agreement unless explicitly approved by OPTIMUM RE, except as stated in Article 3.3.

 

    	 	14	 

     

    

 

ARTICLE
9

CLAIMS

 

9.1.
Claims Liability

 

OPTIMUM RE will be liable to THE COMPANY
for the benefits reinsured hereunder to the same extent as THE COMPANY is liable to the insured for such benefits, and all reinsurance
will be subject to the terms and conditions of the policy under which THE COMPANY is liable. OPTIMUM RE will also be liable for
its proportionate share of interest on payment of the claim at the usual interest rate allowed by THE COMPANY.

 

9.2.
Notice

 

THE COMPANY will give OPTIMUM RE prompt
notice of any claim. Copies of notification, claim papers and proofs will be furnished to OPTIMUM RE within ten (10) working days
of having been received by THE COMPANY.

 

9.3.
Authorization for Payment

 

On all claims, THE COMPANY must obtain the
approval of OPTIMUM RE prior to acknowledgment of its liability to the claimant.

 

9.4.
Adjusted Amounts

 

In the event the amount of insurance provided
by a policy reinsured hereunder is increased or reduced because of a misstatement of age or sex established after the death of
the insured, OPTIMUM RE will share in the increase or reduction in the proportion that the liability of OPTIMUM RE bore to the
total liability under the policy immediately prior to such increase or reduction.

 

9.5.
Payment

 

On death claims, OPTIMUM RE will pay its
share in a lump sum to THE COMPANY without regard to the form of claim settlement. OPTIMUM RE is not responsible for usual claim
expenses that THE COMPANY incurs in claim settlement such as compensation of employees and routine investigative expenses.

 

9.6.
Contest

 

THE COMPANY will advise OPTIMUM RE of its
intention to contest, compromise or litigate a claim or rescind a contract involving reinsurance. If after reviewing the complete
file OPTIMUM RE agrees in writing with THE COMPANY’s intention, then OPTIMUM RE agrees to pay a share of the expenses incurred
by THE COMPANY in contesting or investigating a claim on a reinsured policy or in rescinding a reinsured policy, in proportion
to the respective liabilities of OPTIMUM RE and THE COMPANY. Compensation of officers and employees of THE COMPANY is not deemed
a claim expense.

 

    	 	15	 

     

    

 

If OPTIMUM RE declines to be a party to
a claim contest, OPTIMUM RE will discharge any and all liability by payment of its full share of the claim to THE COMPANY according
to the terms and conditions of this Agreement.

 

9.7.
Punitive Damages

 

OPTIMUM RE will not participate in punitive,
compensatory or statutory damages or penalties which are awarded against THE COMPANY as a result of an act, omission or course
of conduct committed solely by THE COMPANY in connection with the insurance reinsured under this Agreement.

 

    	 	16	 

     

    

 

ARTICLE
10

ARBITRATION

 

10.1.
Principle

 

The parties express their formal intention
to resolve any differences arising from the interpretation or execution of this Agreement in accordance with equity and usage rather
than according to strict legal rules. Any difference that cannot be resolved by the parties shall be submitted to arbitration by
written notice sent by one party to the other. The location for arbitration shall be Dallas, Texas.

 

10.2.
Arbitrators

 

There shall be three disinterested arbitrators
who shall be officers or retired officers of life insurance or reinsurance companies other than the parties to the Agreement or
their subsidiaries. The arbitrators shall be disinterested parties and cannot be jurists, present or former employees of one of
the parties or their affiliate or therefore related to the management of one of the parties or their affiliates. Each of the parties
shall appoint one of the arbitrators and these two arbitrators shall select the third. In the event that either party should fail
to choose an arbitrator within thirty days after the other party has given notice of its arbitrator appointment, that party may
choose two arbitrators who shall in turn choose a third arbitrator before entering arbitration.

 

Any arbitrator who does not perform their
duties or resigns will be replaced by the party who originally selected that arbitrator.

 

10.3.
Matters In Dispute

 

The parties will state together or separately
the subjects in dispute and submit them in writing to the arbitrators along with the necessary documents.

 

10.4.
Procedures

 

The arbitrators must themselves establish
the procedure to be followed: they are exempt from any judicial formality or rule. They can adjudicate and are empowered to act
as mediators. They shall decide how the arbitration costs are apportioned.

 

10.5.
Decision

 

The award rendered by the majority, must
be in writing, give the reasons for the decision and be signed by each arbitrator. The parties agree to abide by the decision rendered
and to consider the award as final and binding on both parties.

 

10.6.
Applicable Laws

 

Should there be improprieties in the arbitration
process or if one of the parties objects to the implementation of the arbitration process, the laws of the State of Texas shall
then apply.

 

    	 	17	 

     

    

 

ARTICLE
11

INSOLVENCY

 

11.1.
Payment of Claims

 

In the event of insolvency of THE COMPANY,
all claims under this Agreement will be paid by OPTIMUM RE directly to THE COMPANY, its liquidator, receiver or statutory successor.
OPTIMUM RE’s share of claims will be paid without diminution because of the insolvency of THE COMPANY, provided that all
reinsurance premiums have been duly paid and subject to Article 11.4.

 

OPTIMUM RE shall be liable only for the
claims actually paid by THE COMPANY to the insured or its beneficiary on amounts reinsured and shall not be or become liable for
any amounts or reserves to be held by THE COMPANY on policies reinsured under this Agreement.

 

11.2.
Notice to OPTIMUM RE

 

In the event of the insolvency of THE COMPANY,
the liquidator, receiver, or statutory successor of THE COMPANY will give written notice of a pending claim against THE COMPANY
on any policy reinsured, within a reasonable time after the claim is filed in the insolvency proceedings. While the claim is pending,
OPTIMUM RE may investigate and interpose, at its own expense, in the proceedings where the claim is to be adjudicated, any defenses
which it may deem available to THE COMPANY or its liquidator, receiver, or statutory successor.

 

11.3.
Expenses

 

The expenses incurred by OPTIMUM RE will
be charged, subject to court approval, against THE COMPANY as expenses of liquidation to the extent of a proportionate share of
the benefit which accrues to THE COMPANY as a result of the defenses undertaken by OPTIMUM RE. Where two or more reinsurers are
involved and a majority in interest elects to defend a claim, the expenses will be apportioned in accordance with the terms of
the reinsurance agreements as if the expenses had been incurred by THE COMPANY.

 

11.4.
Right to Offset

 

In the event of the insolvency of either
OPTIMUM RE or THE COMPANY, any amounts owed by OPTIMUM RE to THE COMPANY and by THE COMPANY to OPTIMUM RE with respect to this
and all other Reinsurance Agreements between OPTIMUM RE and THE COMPANY, shall be offset against each other with the balance to
be paid by the appropriate party.

 

    	 	18	 

     

    

 

ARTICLE
12

DEFERRED ACQUISITION COST TAX

 

THE COMPANY and OPTIMUM RE mutually agree
to the following pursuant to Section 1.848-2(g)(8) of the Income Tax Regulations issued December 29, 1992 of the Internal
Revenue Code of 1986.

 

		1.	The Party with net positive consideration for the Agreement(s) for each taxable year shall compute
specified policy acquisition expenses without regard to the general deductions limitation of Section 848(c)(1).

 

		2.	THE COMPANY and OPTIMUM RE agree to exchange information pertaining to the amount of net consideration
as determined for all reinsurance agreements in force between them to ensure consistency or as may otherwise be required by the
Internal Revenue Service.

 

		3.	THE COMPANY will submit a Schedule to OPTIMUM RE by June 1st of its calculation of the net
consideration for the preceding calendar year. This calculation shall be accompanied by a statement signed by an officer of THE
COMPANY stating that THE COMPANY will report such net consideration in its tax return for the preceding calendar year.

 

		4.	OPTIMUM RE shall advise THE COMPANY if it disagrees with the amounts provided and OPTIMUM RE and THE
COMPANY agree to amicably resolve any difference. The amounts provided by THE COMPANY shall be presumed correct if it does not
receive a response from OPTIMUM RE at the latest 30 days after receipt by OPTIMUM RE of these amounts or by May 30th
of the current year.

 

    	 	19	 

     

    

 

ARTICLE
13

EXECUTION

 

13.1.
Duration

 

This Agreement will be effective on July 1,
2016. Reinsurance for these policies shall remain in-force until termination of the original policy with THE COMPANY or as provided
elsewhere within this Agreement.

 

13.2.
Parties to the Agreement

 

This is an agreement solely between THE
COMPANY and OPTIMUM RE. There will be no legal relationship between OPTIMUM RE and any person having an interest of any kind in
any of THE COMPANY’s insurance, or between OPTIMUM RE and any other reinsurer, or between OPTIMUM RE and any other third
party.

 

13.3.
Written Agreement

 

A. Entirety

 

This Agreement shall constitute the entire
agreement between THE COMPANY and OPTIMUM RE with respect to the business reinsured hereunder. There are no understandings between
THE COMPANY and OPTIMUM RE other than as expressed in this Agreement.

 

B. Amendments

 

Any change or modification to the Agreement
shall be null and void unless made by amendment to the Agreement and signed by both parties.

 

C. Waiver

 

A waiver of any provision(s) of this Agreement
shall constitute a waiver only with respect to the particular circumstance for which it is given and not a waiver for any future
circumstances.

 

D. Severability

 

If any section or provision of this Agreement
is determined to be invalid or unenforceable, such determination will not impact or affect the validity or the enforceability of
the remaining sections or provisions of this Agreement.

 

13.4.
Change of Control/Assignment

 

Neither THE COMPANY nor its liquidator,
receiver, or statutory successor will, without the prior written consent of OPTIMUM RE, sell, assign, transfer, or otherwise dispose
of this Agreement, or any interest in this Agreement, by voluntary or involuntary act.

 

    	 	20	 

     

    

 

13.5.
Compliance

 

THE COMPANY represents that to the best
of its knowledge and belief it is, and shall use its best efforts to continue to be, in substantial compliance in all material
respects with all laws, regulations, and judicial and administrative orders applicable to the business reinsured under this Agreement,
including but not limited to, privacy laws and the maintenance of an effective anti-money laundering policy, (collectively, the
 “Law”). Neither THE COMPANY nor OPTIMUM RE shall be required to take any action under this Agreement that would result
in it being in violation of the Law, which shall include requirements enforced by the U.S. Treasury Department Office of Foreign
Assets Control and Terrorist Financing Act. THE COMPANY and OPTIMUM RE acknowledge and agree that a claim under this Agreement
is not payable if payment would cause OPTIMUM RE to be in violation of the Law. Should either party discover a reinsurance payment
has been made in violation of the Law, it shall notify the other party and the parties shall cooperate in order to take all necessary
corrective actions.

 

13.6.
Signatures

 

IN WITNESS of the above, this Agreement
is signed in duplicate on the dates indicated.

 

 

	FOR:  FEDERAL LIFE INSURANCE COMPANY

 

	BY:	/s/ Paul R. Murphy	 	DATE:	08-29-16
	 	 	 	 	 
	NAME:	Paul R. Murphy	 	 	 
	 	 	 	 	 
	TITLE:	Actuary	 	 	 

 

	BY:	/s/ Dorothy M. Latuszek	 	DATE:	08-29-16
	 	 	 	 	 
	NAME:	Dorothy M. Latuszek	 	 	 
	 	 	 	 	 
	TITLE:	Director of Underwriting	 	 	 

 

FOR: OPTIMUM RE INSURANCE COMPANY

 

	BY:	/s/ Sebastien Blondeau	 	DATE:	8-26-2016
	 	 	 	 	 
	NAME:	Sebastien Blondeau	 	 	 
	 	 	 	 	 
	TITLE:	President & COO	 	 	 
	 	 	 	 	 
	BY:	/s/ Serge Goulet	 	DATE:	8-26-2016
	 	 	 	 	 
	NAME:	Serge Goulet	 	 	 
	 	 	 	 	 
	TITLE:	Managing Director	 	 	 

 

    	 	21	 

     

    

 

SCHEDULE
A

RETENTION AND REINSURANCE LIMITS

 

FEDERAL LIFE INSURANCE COMPANY (MUTUAL)

 

	 	 	LIFE
	 	 	 
	THE COMPANY’S Retention Limit per Life	 	20% retained on all ceded amounts.
	 	 	 
	Maximum Reinsurance Amount per Life	 	$208,000
	 	 	 
	Minimum Cession	 	$5,000

 

    	 	22	 

     

    

 

SCHEDULE
B

REINSURANCE PREMIUM PERCENTAGES FOR THE CLOSED IN-FORCE BLOCK OF LEVEL TERM POLICIES

 

PREMIUM PERCENTAGES APPLIED TO THE APPLICABLE
MORTALITY

TABLES SPECIFIED IN SCHEDULE C AND SCHEDULE D 

 

3-CLASS TERM PRODUCTS 

 

	RISK CLASS	 	LEVEL TERM
 PERIOD	 	 	POST LEVEL
 TERM PERIOD	 
	MALE PREFERRED NONTOBACCO	 	 	43	%	 	 	62	%
	MALE RESIDUAL NONTOBACCO	 	 	52	%	 	 	82	%
	MALE STANDARD TOBACCO	 	 	109	%	 	 	169	%
	FEMALE PREFERRED NONTOBACCO	 	 	47	%	 	 	68	%
	FEMALE RESIDUAL NONTOBACCO	 	 	63	%	 	 	99	%
	FEMALE STANDARD TOBACCO	 	 	140	%	 	 	217	%

 

*AFTER APPLYING THE ABOVE PERCENTAGES TO THE MORTALITY TABLES
SPECIFIED IN SCHEDULE C OR SCHEDULE D, MULTIPLY THESE BY THE NET AMOUNT AT RISK PER THOUSAND AND ROUND THE RESULTING
REINSURANCE PREMIUMS TO TWO DECIMAL PLACES (I.E., NEAREST CENT).

 

2-CLASS & AGGREGATE TERM PRODUCTS 

 

	 	 	ART ONLY	 	 	ALL OTHER TERM
 PLANS	 
	RISK CLASS	 	ALL
 DURATIONS	 	 	LEVEL
 TERM
 PERIOD	 	 	POST
 LEVEL
 TERM
 PERIOD	 
	MALE STANDARD NONTOBACCO	 	 	52	%	 	 	52	%	 	 	82	%
	MALE STANDARD TOBACCO	 	 	109	%	 	 	109	%	 	 	169	%
	MALE AGGREGATE	 	 	63	%	 	 	63	%	 	 	98	%
	FEMALE  STANDARD NONTOBACCO	 	 	63	%	 	 	63	%	 	 	99	%
	FEMALE STANDARD TOBACCO	 	 	140	%	 	 	140	%	 	 	217	%
	FEMALE AGGREGATE	 	 	81	%	 	 	81	%	 	 	125	%

 

*AFTER APPLYING THE ABOVE PERCENTAGES
TO THE MORTALITY TABLES SPECIFIED IN SCHEDULE C OR SCHEDULE D, MULTIPLY THESE BY THE NET AMOUNT AT RISK PER THOUSAND
AND ROUND THE RESULTING REINSURANCE PREMIUMS TO TWO DECIMAL PLACES (I.E., NEAREST CENT).

 

    	 	23	 

     

    

 

SCHEDULE
C

US 75-80, BASIC SELECT & ULTIMATE, AGGREGATE AGE NEAREST BIRTHDAY, GENDER DISTINCT MORTALITY TABLES

 

	PART 1	-	MALE RATES

 

    	 	24	 

     

    

 

Extended Basic US 1975-80 Select and
Ultimate Automatic YRT Rates

	 	Male Aggregate	Age Nearest Birthday	 

 

	 	 	Policy Year	 	Att.
	Age	 	1	 	2	 	3	 	4	 	5	 	6	 	7	 	8	 	9	 	10	 	11	 	12	 	13	 	14	 	15	 	16+	 	Age
	0	 	1.23	 	0.74	 	0.48	 	0.43	 	0.38	 	0.34	 	0.33	 	0.29 	 	0.27 	 	0.27	 	0.25 	 	0.28 	 	0.31 	 	0.38 	 	0.54 	 	0.68 	 	15
	1	 	0.49	 	0.47	 	0.42	 	0.36	 	0.28	 	0.23	 	0.22	 	0.22	 	0.24	 	0.24	 	0.27	 	0.30	 	0.38	 	0.54	 	0.68	 	1.01	 	16
	2	 	0.35	 	0.37	 	0.33	 	0.28	 	0.23	 	0.22	 	0.21	 	0.24	 	0.24	 	0.27	 	0.30	 	0.37	 	0.54	 	0.68	 	1.01	 	1.14	 	17
	3	 	0.35	 	0.29	 	0.25	 	0.23	 	0.22	 	0.20	 	0.22	 	0.24	 	0.27	 	0.30	 	0.37	 	0.53	 	0.68	 	1.01	 	1.14	 	1.22	 	18
	4	 	0.29	 	0.25	 	0.23	 	0.22	 	0.20	 	0.22	 	0.24	 	0.27	 	0.30	 	0.36	 	0.52	 	0.66	 	0.99	 	1.11	 	1.22	 	1.31	 	19
	5	 	0.25	 	0.23	 	0.22	 	0.20	 	0.22	 	0.24	 	0.27	 	0.30	 	0.36	 	0.50	 	0.66	 	0.96	 	1.09	 	1.16	 	1.31	 	1.37	 	20
	6	 	0.23	 	0.22	 	0.20	 	0.22	 	0.24	 	0.27	 	0.30	 	0.36	 	0.50	 	0.66	 	0.94	 	1.07	 	1.14	 	1.21	 	1.37	 	1.40	 	21
	7	 	0.19	 	0.20	 	0.22	 	0.24	 	0.27	 	0.30	 	0.35	 	0.50	 	0.66	 	0.87	 	1.05	 	1.13	 	1.19	 	1.23	 	1.40	 	1.41	 	22
	8	 	0.18	 	0.21	 	0.21	 	0.27	 	0.29	 	0.35	 	0.50	 	0.66	 	0.87	 	1.05	 	1.13	 	1.19	 	1.23	 	1.30	 	1.39	 	1.40	 	23
	9	 	0.19	 	0.20	 	0.24	 	0.29	 	0.35	 	0.50	 	0.66	 	0.87	 	1.05	 	1.13	 	1.19	 	1.23	 	1.30	 	1.35	 	1.36	 	1.38	 	24
	10	 	0.18	 	0.22	 	0.27	 	0.35	 	0.50	 	0.66	 	0.87	 	1.05	 	1.13	 	1.19	 	1.23	 	1.30	 	1.35	 	1.36	 	1.32	 	1.34	 	25
	11	 	0.20	 	0.25	 	0.34	 	0.50	 	0.66	 	0.87	 	1.05	 	1.13	 	1.19	 	1.23	 	1.30	 	1.35	 	1.36	 	1.30	 	1.27	 	1.29	 	26
	12	 	0.23	 	0.32	 	0.50	 	0.66	 	0.87	 	1.05	 	1.13	 	1.19	 	1.23	 	1.30	 	1.35	 	1.36	 	1.30	 	1.2.5	 	1.20	 	1.24	 	27
	13	 	0.30	 	0.46	 	0.63	 	0.87	 	1.05	 	1.12	 	1.19	 	1.22	 	1.24	 	1.28	 	1.31	 	1.30	 	1.25	 	1.20	 	1.16	 	1.20	 	28
	14	 	0.44	 	0.59	 	0.87	 	1.05	 	1.12	 	1.17	 	1.22	 	1.23	 	1.23	 	1.24	 	1.26	 	1.25	 	1.19	 	1.16	 	1.13	 	1.17	 	29
	15	 	0.58	 	0.87	 	1.05	 	1.12	 	1.17	 	1.21	 	1.23	 	1.22	 	1.20	 	1.20	 	1.19	 	1.18	 	1.13	 	1.12	 	1.11	 	1.14	 	30
	16	 	0.87	 	1.05	 	1.12	 	1.17	 	1.21	 	1.20	 	1.21	 	1.19	 	1.16	 	1.14	 	1.12	 	1.12 	 	1.09	 	1.09	 	1.09	 	1.12	 	31
	17	 	1.05	 	1.12	 	1.17	 	1.21	 	1.20	 	1.18	 	1.18	 	1.15	 	1.11	 	1.07	 	1.05	 	1.06	 	1.05	 	1.06	 	1.08	 	1.11	 	32
	18	 	1.03	 	1.10	 	1.13	 	1.15	 	1.14	 	1.11	 	1.11	 	1.07	 	1.04	 	1.01	 	1.00	 	1.02	 	1.01	 	1.03	 	1.07	 	1.12	 	33
	19	 	1.00	 	1.05	 	1.06	 	1.07	 	1.05	 	1.04	 	1.02	 	0.98	 	0.96	 	0.95	 	0.97	 	0.97	 	0.98	 	1.01	 	1.07	 	1.14	 	34
	20	 	0.93	 	0.97	 	0.97	 	0.97	 	0.97	 	0.95	 	0.93	 	0.90	 	0.90	 	0.91	 	0.93	 	0.94	 	0.96	 	1.01	 	1.08	 	1.17	 	35
	21	 	0.84	 	0.87	 	0.87	 	0.87	 	0.87	 	0.86	 	0.85	 	0.83	 	0.85	 	0.86	 	0.90	 	0.92	 	0.96	 	1.02	 	1.11	 	1.22	 	36
	22	 	0.73	 	0.76	 	0.76	 	0.76	 	0.77	 	0.77	 	0.77	 	0.77	 	0.80	 	0.83	 	0.88	 	0.91	 	0.96	 	1.04	 	1.15	 	1.28	 	37
	23	 	0.73	 	0.76	 	0.75	 	0.75	 	0.75	 	0.76	 	0.77	 	0.77	 	0.80	 	0.84	 	0.90	 	0.94	 	1.00	 	1.10	 	1.21	 	1.36	 	38
	24	 	0.73	 	0.74	 	0.73	 	0.73	 	0.74	 	0.76	 	0.77	 	0.78	 	0.82	 	0.87	 	0.93	 	0.97	 	1.05	 	1.17	 	1.29	 	1.45	 	39
	25	 	0.72	 	0.72	 	0.72	 	0.72	 	0.74	 	0.76	 	0.77	 	0.79	 	0.84	 	0.90	 	0.96	 	1.03	 	1.12	 	1.25	 	1.38	 	1.56	 	40
	26	 	0.70	 	0.70	 	0.71	 	0.72	 	0.73	 	0.76	 	0.78	 	0.82	 	0.88	 	0.95	 	1.02	 	1.09	 	1.20	 	1.35	 	1.49	 	1.70	 	41
	27	 	0.68	 	0.68	 	0.70	 	0.71	 	0.73	 	0.77	 	0.81	 	0.86	 	0.92	 	1.01	 	1.08	 	1.17	 	1.30	 	1.47	 	1.63	 	1.87	 	42
	28	 	0.66	 	0.68	 	0.71	 	0.73	 	0.76	 	0.81	 	0.86	 	0.92	 	1.00	 	1.08	 	1.17	 	1.28	 	1.42	 	1.61	 	1.81	 	2.07	 	43
	29	 	0.65	 	0.68	 	0.73	 	0.76	 	0.81	 	0.86	 	0.92	 	1.00	 	1.08	 	1.17	 	1.28	 	1.42	 	1.58	 	1.81	 	2.03	 	2.31	 	44
	30	 	0.64	 	0.68	 	0.76	 	0.81	 	0.86	 	0.92	 	1.00	 	1.08	 	1.17	 	1.28	 	1.42	 	1.58	 	1.81	 	2.03	 	2.26	 	2.58	 	45
	31	 	0.63	 	0.69	 	0.79	 	0.86	 	0.92	 	1.00	 	1.08	 	1.17	 	1.28	 	1.42	 	1.58	 	1.81	 	2.03	 	2.26	 	2.53	 	2.89	 	46
	32	 	0.63	 	0.71	 	0.84	 	0.92	 	1.00	 	1.08	 	1.17	 	1.28	 	1.40	 	1.58	 	1.81	 	2.03	 	2.26	 	2.53	 	2.83	 	3.24	 	47
	33	 	0.63	 	0.72	 	0.88	 	0.98	 	1.08	 	1.17	 	1.28	 	1.40	 	1.58	 	1.78	 	2.01	 	2.25	 	2.53	 	2.83	 	3.17	 	3.61	 	48
	34	 	0.63	 	0.73	 	0.93	 	1.05	 	1.17	 	1.28	 	1.40	 	1.58	 	1.78	 	2.01	 	2.24	 	2.53	 	2.81	 	3.16	 	3.54	 	4.02	 	49

 

    	 	C-1-1	 

     

    

 

Extended Basic US 1975-80 Select and
Ultimate Automatic YRT Rates

	 	Male Aggregate	Age Nearest Birthday	 

 

	 	 	Policy Year	 	Att.
	Age	 	1	 	2	 	3	 	4	 	5	 	6	 	7	 	8	 	9	 	10	 	11	 	12	 	13	 	14	 	15	 	16+	 	Age
	35	 	0.63	 	0.76	 	0.99	 	1.14	 	1.28	 	1.40	 	1.58	 	1.78	 	2.01	 	2.24	 	2.53	 	2.80	 	3.13	 	3.52	 	3.94	 	4.45	 	50
	36	 	0.65	 	0.79	 	1.06	 	1.25	 	1.40	 	1.58	 	1.78	 	2.01	 	2.24	 	2.53	 	2.80	 	3.10	 	3.48	 	3.91	 	4.36	 	4.92	 	51
	37	 	0.67	 	0.84	 	1.15	 	1.37	 	1.58	 	1.78	 	2.01	 	2.24	 	2.53	 	2.80	 	3.08	 	3.43	 	3.86	 	4.32	 	4.82	 	5.44	 	52
	38	 	0.70	 	0.89	 	1.23	 	1.47	 	1.70	 	1.91	 	2.16	 	2.41	 	2.72	 	3.04	 	3.35	 	3.76	 	4.25	 	4.28	 	5.33	 	6.00	 	53
	39	 	0.74	 	0.95	 	1.33	 	1.59	 	1.83	 	2.07	 	2.33	 	2.60	 	2.93	 	3.27	 	3.64	 	4.10	 	4.67	 	5.28	 	5.88	 	6.61	 	54
	40	 	0.79	 	1.02	 	1.45	 	1.73	 	2.00	 	2.23	 	2.51	 	2.79	 	3.13	 	3.51	 	3.94	 	4.47	 	5.13	 	5.82	 	6.48	 	7.27	 	55
	41	 	0.85	 	1.11	 	1.59	 	1.90	 	2.17	 	2.42	 	2.70	 	2.98	 	3.33	 	3.75	 	4.24	 	4.86	 	5.62	 	6.41	 	7.12	 	8.01	 	56
	42	 	0.92	 	1.22	 	1.76	 	2.09	 	2.37	 	2.62	 	2.89	 	3.18	 	3.52	 	3.99	 	4.57	 	5.28	 	6.15	 	7.05	 	7.85	 	8.82	 	57
	43	 	0.99	 	1.37	 	1.92	 	2.30	 	2.61	 	2.88	 	3.18	 	3.47	 	3.83	 	4.33	 	4.96	 	5.71	 	6.63	 	7.61	 	8.50	 	9.73	 	58
	44	 	1.08	 	1.53	 	2.11	 	2.52	 	2.86	 	3.17	 	3.47	 	3.79	 	4.17	 	4.70	 	5.37	 	6.16	 	7.16	 	8.20	 	9.22	 	10.75	 	59
	45	 	1.17	 	1.72	 	2.31	 	2.75	 	3.13	 	3.47	 	3.79	 	4.14	 	4.56	 	5.08	 	5.80	 	6.66	 	7.73	 	8.85	 	10.02	 	11.89	 	60
	46	 	1.28	 	1.94	 	2.51	 	3.00	 	3.40	 	3.78	 	4.14	 	4.56	 	4.91	 	5.48	 	6.28	 	7.19	 	8.35	 	9.56	 	10.89	 	13.17	 	61
	47	 	1.39	 	2.17	 	2.73	 	3.25	 	3.69	 	4.13	 	4.56	 	4.89	 	5.31	 	5.93	 	6.79	 	7.78	 	9.03	 	10.34	 	11.85	 	14.57	 	62
	48	 	1.49	 	2.27	 	2.84	 	3.40	 	3.90	 	4.38	 	4.87	 	5.28	 	5.80	 	6.49	 	7.53	 	8.64	 	9.94	 	11.30	 	12.79	 	16.07	 	63
	49	 	1.60	 	2.35	 	2.95	 	3.54	 	4.09	 	4.62	 	5.18	 	5.70	 	6.33	 	7.12	 	8.36	 	9.60	 	10.96	 	12.32	 	13.75	 	17.71	 	64
	50	 	1.70	 	2.42	 	3.04	 	3.66	 	4.29	 	4.87	 	5.51	 	6.15	 	6.93	 	7.83	 	9.30	 	10.69	 	12.06	 	13.40	 	14.77	 	19.50	 	65
	51	 	1.80	 	2.48	 	3.12	 	3.77	 	4.47	 	5.12	 	5.86	 	6.65	 	7.59	 	8.61	 	10.35	 	11.89	 	13.24	 	14.56	 	15.83	 	21.47	 	66
	52	 	1.90	 	2.52	 	3.17	 	3.85	 	4.65	 	5.38	 	6.23	 	7.20	 	8.32	 	9.48	 	11.51	 	13.18	 	14.52	 	15.80	 	16.96	 	23.65	 	67
	53	 	2.06	 	2.75	 	3.46	 	4.23	 	5.08	 	5.90	 	6.84	 	7.89	 	9.11	 	10.43	 	12.63	 	14.52	 	15.80	 	16.96	 	19.16	 	26.05	 	68
	54	 	2.23	 	2.99	 	3.78	 	4.64	 	5.57	 	6.47	 	7.52	 	8.66	 	9.96	 	11.44	 	13.85	 	15.80	 	16.96	 	19.16	 	21.62	 	28.69	 	69
	55	 	2.41	 	3.27	 	4.12	 	5.10	 	6.11	 	7.11	 	8.27	 	9.50	 	10.86	 	12.54	 	15.17	 	16.96	 	19.16	 	21.62	 	24.39	 	31.57	 	70
	56	 	2.61	 	3.56	 	4.51	 	5.61	 	6.71	 	7.83	 	9.09	 	10.38	 	11.83	 	13.73	 	16.62	 	19.16	 	21.62	 	24.39	 	27.47	 	34.68	 	71
	57	 	2.82	 	3.89	 	4.94	 	6.18	 	7.38	 	8.60	 	9.96	 	11.33	 	12.87	 	15.03	 	18.21	 	21.36	 	24.39	 	27.15	 	30.87	 	38.00	 	72
	58	 	2.96	 	4.13	 	5.44	 	6.74	 	8.10	 	9.20	 	10.59	 	12.05	 	13.66	 	15.94	 	19.22	 	22.43	 	25.64	 	28.58	 	32.76	 	41.60	 	73
	59	 	3.10	 	4.37	 	6.00	 	7.34	 	8.87	 	9.82	 	11.23	 	12.79	 	14.47	 	16.88	 	20.25	 	23.49	 	26.85	 	29.94	 	34.70	 	45.54	 	74
	60	 	3.23	 	4.63	 	6.61	 	7.97	 	9.71	 	10.46	 	11.89	 	13.57	 	15.32	 	17.85	 	21.28	 	24.48	 	27.97	 	31.28	 	36.71	 	49.90	 	75
	61	 	3.37	 	4.89	 	7.26	 	8.64	 	10.46	 	11.59	 	12.58	 	14.38	 	16.18	 	18.82	 	22.26	 	25.39	 	29.04	 	32.61	 	38.82	 	54.71	 	76
	62	 	3.50	 	5.14	 	7.97	 	9.36	 	11.59	 	11.83	 	13.29	 	15.21	 	17.05	 	19.77	 	23.18	 	26.21	 	30.06	 	33.93	 	41.03	 	60.03	 	77
	63	 	3.89	 	5.77	 	8.74	 	10.48	 	11.83	 	13.29	 	15.21	 	17.05	 	20.11	 	22.42	 	25.79	 	28.87	 	33.14	 	37.75	 	44.66	 	65.85	 	78
	64	 	4.32	 	6.47	 	9.57	 	11.73	 	13.29	 	15.21	 	17.05	 	20.11	 	22.42	 	25.79	 	28.69	 	32.93	 	36.55	 	42.02	 	48.60	 	72.18	 	79
	65	 	4.80	 	7.26	 	10.50	 	13.13	 	15.21	 	17.05	 	20.11	 	22.42	 	25.79	 	28.69	 	32.93	 	35.12	 	40.34	 	46.75	 	52.83	 	79.02	 	80
	66	 	5.32	 	8.14	 	11.51	 	14.69	 	17.05	 	20.11	 	22.42	 	25.79	 	28.69	 	32.93	 	34.69	 	38.78	 	44.51	 	51.97	 	57.68	 	86.36	 	81
	67	 	5.91	 	9.12	 	12.62	 	16.42	 	20.11	 	22.42	 	25.79	 	28.69	 	32.93	 	34.47	 	38.42	 	42.80	 	49.08	 	57.68	 	62.18	 	94.12	 	82
	68	 	6.51	 	10.04	 	13.89	 	18.04	 	22.04	 	24.54	 	28.23	 	31.44	 	34.47	 	37.82	 	42.14	 	46.91	 	53.73	 	62.18	 	67.77	 	102.35	 	83
	69	 	7.17	 	11.05	 	15.25	 	19.76	 	24.12	 	26.87	 	30.94	 	34.47	 	37.82	 	41.49	 	46.20	 	51.36	 	58.72	 	67.77	 	73.69	 	111.41	 	84

 

    	 	C-1-2	 

     

    

 

Extended Basic US 1975-80 Select and
Ultimate Automatic YRT Rates

	 	Male Aggregate	Age Nearest Birthday	 

 

	 	 	Policy Year	 	Att.
	Age	 	1	 	2	 	3	 	4	 	5	 	6	 	7	 	8	 	9	 	10	 	11	 	12	 	13	 	14	 	15	 	16+	 	Age
	70	 	7.89	 	12.14	 	16.72	 	21.64	 	26.41	 	29.44	 	33.92	 	37.82	 	41.49	 	45.48	 	50.57	 	56.13	 	64.00	 	73.69	 	80.22	 	121.31	 	85
	71	 	9.53	 	14.60	 	19.60	 	24.97	 	29.44	 	34.32	 	41.78	 	48.80	 	57.45	 	65.58	 	74.61	 	84.52	 	95.47	 	107.84	 	121.31	 	132.05	 	86
	72	 	11.40	 	16.64	 	22.87	 	28.77	 	34.15	 	39.89	 	48.34	 	56.16	 	65.58	 	74.61	 	84.52	 	95.39	 	107.67	 	121.31	 	132.05	 	143.63	 	87
	73	 	13.52	 	19.13	 	26.61	 	33.20	 	39.52	 	46.21	 	55.72	 	64.40	 	74.61	 	84.52	 	95.39	 	107.62	 	121.31	 	132.05	 	143.63	 	156.05	 	88
	74	 	15.94	 	22.46	 	30.70	 	38.25	 	45.60	 	53.35	 	64.01	 	73.58	 	84.52	 	95.39	 	107.62	 	121.31	 	132.05	 	143.63	 	156.05	 	169.12	 	89
	75	 	18.71	 	26.26	 	35.35	 	43.95	 	52.45	 	61.35	 	73.23	 	83.67	 	95.39	 	107.62	 	121.31	 	132.05	 	143.63	 	156.05	 	169.12	 	182.61	 	90
	76	 	21.88	 	30.62	 	40.61	 	50.35	 	60.12	 	70.26	 	83.39	 	94.78	 	107.62	 	121.31	 	132.05	 	143.63	 	156.05	 	169.12	 	182.61	 	196.52	 	91
	77	 	25.51	 	34.90	 	46.52	 	57.51	 	68.66	 	80.09	 	94.57	 	107.29	 	121.31	 	132.05	 	143.63	 	156.05	 	169.12	 	182.61	 	196.52	 	210.85	 	92
	78	 	29.63	 	40.42	 	53.12	 	65.47	 	78.04	 	90.90	 	107.18	 	121.31	 	132.05	 	143.63	 	156.05	 	169.12	 	182.61	 	196.52	 	210.85	 	225.60	 	93
	79	 	34.65	 	46.62	 	60.45	 	74.20	 	88.36	 	103.10	 	121.31	 	132.05	 	143.63	 	156.05	 	169.12	 	182.61	 	196.52	 	210.85	 	225.60	 	240.77	 	94
	80	 	40.30	 	53.54	 	68.50	 	83.78	 	99.99	 	116.79	 	132.05	 	143.63	 	156.05	 	169.12	 	182.61	 	196.52	 	210.85	 	225.60	 	240.77	 	256.36	 	95
	81	 	46.63	 	61.18	 	77.33	 	94.56	 	113.02	 	132.05	 	143.63	 	156.05	 	169.12	 	182.61	 	196.52	 	210.85	 	225.60	 	240.77	 	256.36	 	272.37	 	96
	82	 	53.65	 	69.60	 	87.27	 	106.64	 	127.54	 	143.63	 	156.05	 	169.12	 	182.61	 	196.52	 	210.85	 	225.60	 	240.77	 	256.36	 	272.37	 	288.80	 	97
	83	 	61.41	 	79.10	 	98.40	 	120.07	 	143.63	 	156.05	 	169.12	 	182.61	 	196.52	 	210.85	 	225.60	 	240.77	 	256.36	 	272.37	 	288.80	 	305.65	 	98
	84	 	72.42	 	89.77	 	110.78	 	134.94	 	156.05	 	169.12	 	182.61	 	196.52	 	210.85	 	225.60	 	240.77	 	256.36	 	272.37	 	288.80	 	305.65	 	322.92	 	99
	85	 	84.92	 	104.82	 	124.48	 	151.33	 	169.12	 	182.61	 	196.52	 	210.85	 	225.60	 	240.77	 	256.36	 	272.37	 	288.80	 	305.65	 	322.92	 	340.61	 	100

 

    	 	C-1-3	 

     

    

 

SCHEDULE C

US 75-80, BASIC SELECT & ULTIMATE, AGGREGATE AGE NEAREST BIRTHDAY, GENDER DISTINCT MORTALITY TABLES

 

	PART 2	-	FEMALE RATES

 

     

     

    

 

Extended Basic US 1975-80 Select and
Ultimate Automatic YRT Rates

	 	Female Aggregate	Age Nearest Birthday	 

 

	 	 	Policy Year	 	Att.
	Age	 	1	 	2	 	3	 	4	 	5	 	6	 	7	 	8	 	9	 	10	 	11	 	12	 	13	 	14	 	15	 	16+	 	Age
	0	 	0.93	 	0.34	 	0.30	 	0.27	 	0.24	 	0.22	 	0.20	 	0.18	 	0.18	 	0.18	 	0.19	 	02.1	 	0.24	 	0.27	 	0.32	 	0.36	 	15
	1	 	0.34	 	0.30	 	0.27	 	0.24	 	0.22	 	0.20	 	0.18	 	0.18	 	0.18	 	0.19	 	0.21	 	02.4	 	0.27	 	0.32	 	0.36	 	0.40	 	16
	2	 	0.28	 	0.27	 	0.24	 	0.22	 	0.20	 	0.18	 	0.18	 	0.18	 	0.19	 	0.21	 	0.24	 	0.27	 	0.32	 	0.36	 	0.40	 	0.44	 	17
	3	 	0.24	 	0.24	 	0.22	 	0.20	 	0.18	 	0.18	 	0.18	 	0.19	 	0.21	 	0.24	 	0.27	 	0.32	 	0.36	 	0.40	 	0.44	 	0.47	 	18
	4	 	0.22	 	0.22	 	0.20	 	0.18	 	0.18	 	0.18	 	0.19	 	0.21	 	0.24	 	0.27	 	0.32	 	0.36	 	0.40	 	0.44	 	0.47	 	0.49	 	19
	5	 	0.20	 	0.20	 	0.18	 	0.18	 	0.18	 	0.19	 	0.21	 	0.24	 	0.27	 	0.32	 	0.36	 	0.40	 	0.44	 	0.47	 	0.49	 	0.51	 	20
	6	 	0.19	 	0.18	 	0.18	 	0.18	 	0.19	 	0.21	 	0.24	 	0.27	 	0.32	 	0.36	 	0.40	 	0.44	 	0.47	 	0.49	 	0.51	 	0.52	 	21
	7	 	0.17	 	0.18	 	0.18	 	0.19	 	0.21	 	0.24	 	0.27	 	0.32	 	0.36	 	0.40	 	0.44	 	0.47	 	0.49	 	0.51	 	0.52	 	0.53	 	22
	8	 	0.16	 	0.18	 	0.19	 	0.21	 	0.24	 	0.27	 	0.32	 	0.36	 	0.40	 	0.44	 	0.47	 	0.49	 	0.51	 	0.52	 	0.53	 	0.53	 	23
	9	 	0.16	 	0.19	 	0.21	 	0.24	 	0.27	 	0.32	 	0.36	 	0.40	 	0.44	 	0.47	 	0.49	 	0.51	 	0.52	 	0.53	 	0.53	 	0.53	 	24
	10	 	0.16	 	0.21	 	0.24	 	0.27	 	0.32	 	0.36	 	0.40	 	0.44	 	0.47	 	0.49	 	0.51	 	0.52	 	0.53	 	0.53	 	0.53	 	0.53	 	25
	11	 	0.17	 	0.24	 	0.27	 	0.32	 	0.36	 	0.40	 	0.44	 	0.47	 	0.49	 	0.51	 	0.52	 	0.53	 	0.53	 	0.53	 	0.53	 	0.53	 	26
	12	 	0.18	 	0.27	 	0.32	 	0.36	 	0.40	 	0.44	 	0.47	 	0.49	 	0.51	 	0.52	 	0.53	 	0.53	 	0.53	 	0.53	 	0.53	 	0.53	 	27
	13	 	0.21	 	0.31	 	0.35	 	0.38	 	0.42	 	0.45	 	0.47	 	0.49	 	0.52	 	0.53	 	0.53	 	0.53	 	0.53	 	0.53	 	0.53	 	0.53	 	28
	14	 	0.25	 	0.33	 	0.37	 	0.40	 	0.43	 	0.45	 	0.47	 	0.48	 	0.53	 	0.53	 	0.53	 	0.53	 	0.53	 	0.53	 	0.53	 	0.54	 	29
	15	 	0.28	 	0.35	 	0.39	 	0.41	 	0.43	 	0.45	 	0.46	 	0.48	 	0.53	 	0.53	 	0.53	 	0.53	 	0.53	 	0.53	 	0.54	 	0.55	 	30
	16	 	0.32	 	0.37	 	0.39	 	0.41	 	0.42	 	0.43	 	0.45	 	0.46	 	0.53	 	0.53	 	0.53	 	0.53	 	0.53	 	0.54	 	0.55	 	0.58	 	31
	17	 	0.36	 	0.37	 	0.39	 	0.40	 	0.41	 	0.42	 	0.43	 	0.44	 	0.53	 	0.53	 	0.53	 	0.53	 	0.54	 	0.55	 	0.58	 	0.61	 	32
	18	 	0.36	 	0.37	 	0.39	 	0.40	 	0.41	 	0.42	 	0.43	 	0.44	 	0.51	 	0.52	 	0.53	 	0.54	 	0.55	 	0.58	 	0.61	 	0.65	 	33
	19	 	0.36	 	0.37	 	0.39	 	0.40	 	0.41	 	0.42	 	0.43	 	0.44	 	0.50	 	0.50	 	0.54	 	0.55	 	0.58	 	0.61	 	0.65	 	0.70	 	34
	20	 	0.35	 	0.36	 	0.38	 	0.39	 	0.41	 	0.41	 	0.43	 	0.44	 	0.48	 	0.50	 	0.55	 	0.58	 	0.61	 	0.65	 	0.70	 	0.77	 	35
	21	 	0.34	 	0.36	 	0.37	 	0.39	 	0.40	 	0.41	 	0.43	 	0.44	 	0.47	 	0.49	 	0.58	 	0.61	 	0.65	 	0.70	 	0.77	 	0.84	 	36
	22	 	0.32	 	0.34	 	0.36	 	0.38	 	0.40	 	0.41	 	0.43	 	0.45	 	0.46	 	0.50	 	0.61	 	0.65	 	0.70	 	0.77	 	0.84	 	0.93	 	37
	23	 	0.32	 	0.34	 	0.37	 	0.39	 	0.41	 	0.42	 	0.45	 	0.46	 	0.50	 	0.55	 	0.65	 	0.70	 	0.77	 	0.84	 	0.93	 	1.03	 	38
	24	 	0.31	 	0.34	 	0.38	 	0.40	 	0.42	 	0.45	 	0.46	 	0.50	 	0.55	 	0.59	 	0.70	 	0.77	 	0.84	 	0.93	 	1.03	 	1.15	 	39
	25	 	0.31	 	0.35	 	0.39	 	0.41	 	0.44	 	0.46	 	0.50	 	0.55	 	0.59	 	0.63	 	0.77	 	0.84	 	0.93	 	1.03	 	1.15	 	1.29	 	40
	26	 	0.30	 	0.35	 	0.39	 	0.43	 	0.46	 	0.30	 	0.55	 	0.59	 	0.63	 	0.69	 	0.84	 	0.93	 	1.03	 	1.15	 	1.29	 	1.45	 	41
	27	 	0.30	 	0.35	 	0.41	 	0.45	 	0.50	 	0.55	 	0.59	 	0.63	 	0.66	 	0.76	 	0.93	 	1.03	 	1.15	 	1.29	 	1.45	 	1.62	 	42
	28	 	0.31	 	0.36	 	0.42	 	0.48	 	0.53	 	0.59	 	0.63	 	0.66	 	0.76	 	0.86	 	1.03	 	1.15	 	1.29	 	1.45	 	1.62	 	1.79	 	43
	29	 	0.32	 	0.37	 	0.44	 	0.51	 	0.57	 	0.63	 	0.66	 	0.76	 	0.86	 	0.97	 	1.15	 	1.29	 	1.45	 	1.62	 	1.79	 	1.96	 	44
	30	 	0.33	 	0.39	 	0.47	 	0.54	 	0.62	 	0.66	 	0.76	 	0.86	 	0.97	 	1.08	 	1.29	 	1.45	 	1.62	 	1.79	 	1.96	 	2.14	 	45
	31	 	0.35	 	0.41	 	0.50	 	0.59	 	0.66	 	0.76	 	0.86	 	0.97	 	1.08	 	1.19	 	1.45	 	1.62	 	1.79	 	1.96	 	2.14	 	2.33	 	46
	32	 	0.38	 	0.44	 	0.54	 	0.65	 	0.76	 	0.86	 	0.97	 	1.08	 	1.19	 	1.31	 	1.62	 	1.79	 	1.96	 	2.14	 	2.33	 	2.52	 	47
	33	 	0.39	 	0.46	 	0.57	 	0.69	 	0.82	 	0.93	 	1.07	 	1.19	 	1.31	 	1.48	 	1.77	 	1.94	 	2.12	 	2.33	 	2.52	 	2.72	 	48
	34	 	0.41	 	0.49	 	0.60	 	0.74	 	0.88	 	1.02	 	1.18	 	1.31	 	1.48	 	1.64	 	1.92	 	2.10	 	2.30	 	2.51	 	2.72	 	2.93	 	49

 

    	 	C-2-1	 

     

    

 

Extended Basic US 1975-80 Select and
Ultimate Automatic YRT Rates

	 	Female Aggregate	Age Nearest Birthday	 

 

	 	 	Policy Year	 	Att.
	Age	 	1	 	2	 	3	 	4	 	5	 	6	 	7	 	8	 	9	 	10	 	11	 	12	 	13	 	14	 	15	 	16+	 	Age
	35	 	0.43	 	0.51	 	0.63	 	0.79	 	0.95	 	1.12	 	1.30	 	1.48	 	1.64	 	1.81	 	2.07	 	2.27	 	2.46	 	2.71	 	2.92	 	3.17	 	50
	36	 	0.45	 	0.54	 	0.67	 	0.85	 	1.04	 	1.23	 	1.43	 	1.63	 	1.81	 	2.00	 	2.23	 	2.43	 	2.64	 	2.92	 	3.16	 	3.43	 	51
	37	 	0.48	 	0.58	 	0.71	 	0.92	 	1.13	 	1.35	 	1.56	 	1.77	 	1.98	 	2.19	 	2.39	 	2.60	 	2.82	 	3.15	 	3.42	 	3.71	 	52
	38	 	0.51	 	0.64	 	0.80	 	1.04	 	1.26	 	1.49	 	1.70	 	1.92	 	2.14	 	2.35	 	2.56	 	2.78	 	3.02	 	3.38	 	3.66	 	4.04	 	53
	39	 	0.55	 	0.72	 	0.89	 	1.16	 	1.39	 	1.63	 	1.85	 	2.08	 	2.30	 	2.52	 	2.74	 	2.98	 	3.23	 	3.62	 	3.94	 	4.40	 	54
	40	 	0.60	 	0.80	 	1.00	 	1.28	 	1.52	 	1.78	 	2.01	 	2.24	 	2.46	 	2.69	 	2.94	 	3.19	 	3.46	 	3.91	 	4.25	 	4.80	 	55
	41	 	0.65	 	0.89	 	1.10	 	1.41	 	1.66	 	1.94	 	2.17	 	2.41	 	2.63	 	2.89	 	3.15	 	3.42	 	3.72	 	4.23	 	4.58	 	5.23	 	56
	42	 	0.70	 	0.98	 	1.20	 	1.54	 	1.80	 	2.10	 	2.33	 	2.58	 	2.83	 	3.10	 	3.38	 	3.69	 	4.01	 	4.57	 	4.94	 	5.70	 	57
	43	 	0.76	 	1.05	 	1.29	 	1.63	 	1.90	 	2.20	 	2.45	 	2.74	 	3.01	 	3.31	 	3.64	 	3.98	 	4.34	 	4.94	 	5.37	 	6.22	 	58
	44	 	0.81	 	1.12	 	1.39	 	1.71	 	2.00	 	2.30	 	2.59	 	2.90	 	3.21	 	3.55	 	3.92	 	4.30	 	4.69	 	5.37	 	5.85	 	6.78	 	59
	45	 	0.86	 	1.19	 	1.48	 	1.79	 	2.10	 	2.42	 	2.73	 	3.07	 	3.43	 	3.82	 	4.23	 	4.64	 	5.07	 	5.83	 	6.36	 	7.37	 	60
	46	 	0.91	 	1.26	 	1.58	 	1.86	 	2.22	 	2.53	 	2.88	 	3.28	 	3.67	 	4.11	 	4.55	 	5.01	 	5.49	 	6.32	 	6.89	 	8.00	 	61
	47	 	0.96	 	1.33	 	1.68	 	1.95	 	2.34	 	2.65	 	3.06	 	3.49	 	3.94	 	4.41	 	4.90	 	5.41	 	5.94	 	6.84	 	7.46	 	8.67	 	62
	48	 	1.00	 	1.39	 	1.76	 	2.04	 	2.45	 	2.82	 	3.27	 	3.76	 	4.20	 	4.70	 	5.23	 	5.77	 	6.31	 	7.25	 	7.88	 	9.38	 	63
	49	 	1.05	 	1.46	 	1.83	 	2.13	 	2.58	 	3.00	 	3.50	 	4.04	 	4.48	 	5.02	 	5.57	 	6.13	 	6.70	 	7.67	 	8.30	 	10.15	 	64
	50	 	1.10	 	1.53	 	1.91	 	2.24	 	2.72	 	3.20	 	3.74	 	4.35	 	4.78	 	5.34	 	5.92	 	6.50	 	7.09	 	8.09	 	8.75	 	10.99	 	65
	51	 	1.15	 	1.60	 	2.01	 	2.35	 	2.86	 	3.40	 	4.00	 	4.68	 	5.09	 	5.67	 	6.28	 	6.88	 	7.49	 	8.53	 	9.21	 	11.91	 	66
	52	 	1.20	 	1.68	 	2.10	 	2.47	 	3.01	 	3.61	 	4.28	 	5.03	 	5.40	 	6.01	 	6.64	 	7.27	 	7.91	 	9.00	 	9.70	 	12.92	 	67
	53	 	1.26	 	1.76	 	2.22	 	2.65	 	3.23	 	3.87	 	4.57	 	5.34	 	5.77	 	6.41	 	7.05	 	7.75	 	8.47	 	9.68	 	10.50	 	14.03	 	68
	54	 	1.32	 	1.85	 	2.35	 	2.84	 	3.47	 	4.15	 	4.87	 	5.65	 	6.15	 	6.81	 	7.49	 	8.26	 	9.07	 	10.43	 	11.37	 	15.25	 	69
	55	 	1.38	 	1.93	 	2.48	 	3.05	 	3.72	 	4.43	 	5.18	 	5.97	 	6.55	 	7.25	 	7.96	 	8.81	 	9.72	 	11.24	 	12.33	 	16.63	 	70
	56	 	1.45	 	2.02	 	2.62	 	3.27	 	3.97	 	4.72	 	5.50	 	6.29	 	6.97	 	7.71	 	8.46	 	9.40	 	10.43	 	12.13	 	13.41	 	18.21	 	71
	57	 	1.51	 	2.11	 	2.76	 	3.49	 	4.24	 	5.02	 	5.82	 	6.62	 	7.42	 	8.21	 	9.00	 	10.04	 	11.20	 	13.13	 	14.65	 	20.04	 	72
	58	 	1.63	 	2.29	 	2.99	 	3.76	 	4.54	 	5.34	 	6.18	 	7.03	 	7.88	 	8.71	 	9.76	 	10.86	 	12.11	 	14.18	 	15.84	 	22.17	 	73
	59	 	1.75	 	2.48	 	3.24	 	4.04	 	4.85	 	5.69	 	6.57	 	7.46	 	8.36	 	9.25	 	10.60	 	11.79	 	13.14	 	15.40	 	17.21	 	24.65	 	74
	60	 	1.88	 	2.68	 	3.50	 	4.34	 	5.18	 	6.06	 	6.98	 	7.93	 	8.89	 	9.83	 	11.55	 	12.85	 	14.33	 	16.80	 	18.78	 	27.53	 	75
	61	 	2.01	 	2.90	 	3.77	 	4.66	 	5.54	 	6.45	 	7.42	 	8.43	 	9.45	 	10.47	 	12.64	 	14.08	 	15.70	 	18.42	 	20.59	 	30.86	 	76
	62	 	2.15	 	3.12	 	4.07	 	5.01	 	5.93	 	6.88	 	7.90	 	8.97	 	10.07	 	11.19	 	13.90	 	15.50	 	17.30	 	20.28	 	22.64	 	34.96	 	77
	63	 	2.27	 	3.27	 	4.26	 	5.24	 	6.21	 	7.22	 	8.30	 	9.49	 	10.75	 	12.11	 	15.04	 	16.80	 	18.79	 	22.08	 	24.73	 	39.07	 	78
	64	 	2.40	 	3.43	 	4.46	 	5.48	 	6.50	 	7.57	 	8.75	 	10.07	 	11.53	 	13.17	 	16.34	 	18.28	 	20.47	 	20.49	 	27.05	 	44.00	 	79
	65	 	2.59	 	3.59	 	4.66	 	5.73	 	6.80	 	7.95	 	9.24	 	10.72	 	12.43	 	14.38	 	17.83	 	19.94	 	22.34	 	26.30	 	29.55	 	49.48	 	80
	66	 	2.67	 	3.76	 	4.88	 	5.99	 	7.12	 	8.37	 	9.80	 	11.47	 	13.45	 	15.78	 	19.51	 	21.81	 	24.41	 	28.69	 	32.20	 	55.51	 	81
	67	 	2.82	 	3.94	 	5.10	 	6.27	 	7.48	 	8.85	 	10.43	 	12.32	 	14.61	 	17.37	 	21.40	 	23.87	 	26.64	 	31.21	 	34.98	 	62.09	 	82
	68	 	3.06	 	4.28	 	5.56	 	6.87	 	8.23	 	9.79	 	11.60	 	13.76	 	16.38	 	19.53	 	23.87	 	26.64	 	29.96	 	34.98	 	39.13	 	69.22	 	83
	69	 	3.33	 	4.67	 	6.09	 	7.56	 	9.11	 	10.89	 	12.95	 	15.42	 	18A1	 	21.99	 	26.64	 	29.96	 	33.61	 	39.13	 	43.62	 	76.90	 	84

 

    	 	C-2-2	 

     

    

 

Extended Basic US 1975-80 Select and
Ultimate Automatic YRT Rates

	 	Female Aggregate	Age Nearest Birthday	 

 

	 	 	Policy Year	 	Att.
	Age	 	1	 	2	 	3	 	4	 	5	 	6	 	7	 	8	 	9	 	10	 	11	 	12	 	13	 	14	 	15	 	16+	 	Age
	70	 	3.63	 	5.11	 	6.70	 	8.36	 	10.13	 	12.16	 	14.52	 	17.34	 	20.73	 	24.77	 	29.96	 	33.61	 	37.59	 	43.62	 	48.46	 	85.18	 	85
	71	 	5.01	 	7.70	 	10.44	 	13.52	 	16.24	 	19.36	 	24.15	 	28.95	 	35.02	 	41.07	 	47.96	 	55.76	 	64.57	 	74.44	 	85.13	 	93.91	 	86
	72	 	6.01	 	8.87	 	12.38	 	15.87	 	19.26	 	23.05	 	28.68	 	34.23	 	41.07	 	47.96	 	55.76	 	64.51	 	74.32	 	85.13	 	93.91	 	103.24	 	87
	73	 	7.20	 	10.35	 	14.68	 	18.73	 	22.84	 	27.42	 	33.97	 	40.33	 	47.96	 	55.76	 	64.51	 	74.28	 	85.13	 	93.91	 	103.24	 	113.12	 	88
	74	 	8.63	 	12.39	 	17.32	 	22.10	 	27.06	 	32.52	 	40.08	 	47.30	 	55.76	 	64.51	 	74.28	 	85.13	 	93.91	 	103.24	 	113.12	 	123.55	 	89
	75	 	10.32	 	14.81	 	20.43	 	26.07	 	31.97	 	38.41	 	47.07	 	55.20	 	64.51	 	74.28	 	85.13	 	93.91	 	103.24	 	113.12	 	123.55	 	134.53	 	90
	76	 	12.34	 	17.69	 	24.09	 	30.69	 	37.65	 	45.16	 	55.01	 	64.10	 	74.28	 	85.13	 	93.91	 	103.24	 	113.12	 	123.55	 	134.53	 	146.06	 	91
	77	 	14.74	 	20.71	 	28.36	 	36.01	 	44.13	 	52.83	 	63.96	 	74.06	 	85.13	 	93.91	 	103.24	 	113.12	 	123.55	 	134.53	 	146.06	 	158.14	 	92
	78	 	17.58	 	24.64	 	33.26	 	42.08	 	51.48	 	61.48	 	73.98	 	85.13	 	93.91	 	103.24	 	113.12	 	123.55	 	134.53	 	146.06	 	158.14	 	170.77	 	93
	79	 	21.12	 	29.19	 	38.86	 	48.95	 	59.76	 	71.17	 	85.13	 	93.91	 	103.24	 	113.12	 	123.55	 	134.53	 	146.06	 	158.14	 	170.77	 	183.95	 	94
	80	 	25.23	 	32.42	 	45.19	 	56.66	 	69.02	 	81.96	 	93.91	 	103.24	 	113.12	 	123.55	 	134.53	 	146.06	 	158.14	 	170.77	 	183.95	 	197.68	 	95
	81	 	29.98	 	40.36	 	52.30	 	65.27	 	79.31	 	93.91	 	103.24	 	113.12	 	123.55	 	134.53	 	146.06	 	158.14	 	170.77	 	183.95	 	197.68	 	211.96	 	96
	82	 	35.39	 	47.07	 	60.24	 	74.83	 	90.70	 	103.24	 	113.12	 	123.55	 	134.53	 	146.06	 	158.14	 	170.77	 	183.95	 	197.68	 	211.96	 	226.79	 	97
	83	 	41.53	 	54.60	 	69.05	 	85.39	 	103.24	 	113.12	 	123.55	 	134.53	 	146.06	 	158.14	 	170.77	 	183.95	 	197.68	 	211.96	 	226.79	 	242.17	 	98
	84	 	49.99	 	63.00	 	78.78	 	97.00	 	113.12	 	123.55	 	134.53	 	146.06	 	158.14	 	170.77	 	183.95	 	197.68	 	211.96	 	226.79	 	242.17	 	258.10	 	99
	85	 	59.59	 	74.19	 	89.47	 	109.70	 	123.55	 	134.53	 	146.06	 	158.14	 	170.77	 	183.95	 	197.68	 	211.96	 	226.79	 	242.17	 	258.10	 	274.58	 	100

 

    	 	C-2-3	 

     

    

 

SCHEDULE
D

US 75-80, BASIC SELECT & ULTIMATE, AGGREGATE AGE LAST BIRTHDAY, GENDER DISTINCT MORTALITY TABLES

 

	PART 1	-	MALE RATES

 

     

     

    

 

Extended Basic US 1975-80 Select and
Ultimate Automatic YRT Rates

	 	Male Aggregate	Age Last Birthday	 

 

	 	 	Policy Year	 	Att.
	Age	 	1	 	2	 	3	 	4	 	5	 	6	 	7	 	8	 	9	 	10	 	11	 	12	 	13	 	14	 	15	 	16+	 	Age
	0	 	1.12	 	0.70	 	0.47	 	0.37	 	0.32	 	0.31	 	0.28	 	0.27	 	0.27	 	0.28	 	0.33	 	0.38	 	0.46	 	0.66	 	0.85	 	0.85	 	15
	1	 	0.46	 	0.43	 	0.38	 	0.27	 	0.23	 	0.23	 	0.23	 	0.25	 	0.28	 	0.33	 	0.38	 	0.46	 	0.66	 	0.80	 	1.08	 	1.08	 	16
	2	 	0.34	 	0.35	 	0.31	 	0.23	 	0.23	 	0.23	 	0.25	 	0.28	 	0.33	 	0.38	 	0.46	 	0.62	 	0.80	 	1.04	 	1.18	 	1.18	 	17
	3	 	0.33	 	0.28	 	0.25	 	0.23	 	0.21	 	0.25	 	0.28	 	0.33	 	0.38	 	0.46	 	0.61	 	0.74	 	1.04	 	1.17	 	1.27	 	1.27	 	18
	4	 	0.28	 	0.24	 	0.23	 	0.21	 	0.25	 	0.28	 	0.33	 	0.38	 	0.44	 	0.61	 	0.74	 	0.95	 	1.11	 	1.26	 	1.34	 	1.34	 	19
	5	 	0.23	 	0.23	 	0.23	 	0.25	 	0.28	 	0.33	 	0.38	 	0.43	 	0.61	 	0.74	 	0.95	 	1.08	 	1.17	 	1.32	 	1.39	 	1.39	 	20
	6	 	0.22	 	0.22	 	0.21	 	0.28	 	0.33	 	0.38	 	0.43	 	0.58	 	0.74	 	0.95	 	1.08	 	1.15	 	1.21	 	1.36	 	1.41	 	1.41	 	21
	7	 	0.19	 	0.21	 	0.25	 	0.33	 	0.38	 	0.43	 	0.57	 	0.72	 	0.91	 	1.08	 	1.15	 	1.20	 	1.23	 	1.38	 	1.41	 	1.41	 	22
	8	 	0.19	 	0.21	 	0.26	 	0.37	 	0.43	 	0.57	 	0.72	 	0.91	 	1.06	 	1.15	 	1.20	 	1.23	 	1.28	 	1.37	 	1.39	 	1.39	 	23
	9	 	0.20	 	0.23	 	0.30	 	0.43	 	0.57	 	0.72	 	0.91	 	1.06	 	1.14	 	1.20	 	1.23	 	1.28	 	1.32	 	1.34	 	1.36	 	1.36	 	24
	10	 	0.21	 	0.27	 	0.34	 	0.57	 	0.72	 	0.91	 	1.06	 	1.14	 	1.19	 	1.23	 	1.28	 	1.32	 	1.33	 	1.30	 	1.32	 	1.32	 	25
	11	 	0.26	 	0.32	 	0.40	 	0.72	 	0.91	 	1.06	 	1.14	 	1.19	 	1.23	 	1.28	 	1.32	 	1.33	 	1.28	 	1.25	 	1.27	 	1.27	 	26
	12	 	0.31	 	0.40	 	0.57	 	0.90	 	1.06	 	1.14	 	1.19	 	1.22	 	1.28	 	1.32	 	1.33	 	1.28	 	1.23	 	1.19	 	1.22	 	1.22	 	27
	13	 	0.38	 	0.57	 	0.72	 	1.02	 	1.12	 	1.18	 	1.21	 	1.22	 	1.26	 	1.28	 	1.28	 	1.23	 	1.18	 	1.15	 	1.19	 	1.19	 	28
	14	 	0.55	 	0.72	 	0.90	 	1.08	 	1.16	 	1.20	 	1.21	 	1.20	 	1.22	 	1.22	 	1.22	 	1.17	 	1.14	 	1.13	 	1.16	 	1.16	 	29
	15	 	0.72	 	0.90	 	1.02	 	1.13	 	1.17	 	1.20	 	1.19	 	1.17	 	1.17	 	1.16	 	1.16	 	1.12	 	1.11	 	1.11	 	1.13	 	1.13	 	30
	16	 	0.90	 	1.02	 	1.08	 	1.17	 	1.17	 	1.18	 	1.15	 	1.13	 	1.11	 	1.10	 	1.09	 	1.08	 	1.09	 	1.09	 	1.12	 	1.12	 	31
	17	 	1.02	 	1.08	 	1.13	 	1.16	 	1.14	 	1.14	 	1.11	 	1.08	 	1.05	 	1.03	 	1.05	 	1.04	 	1.06	 	1.09	 	1.12	 	1.12	 	32
	18	 	1.01	 	1.06	 	1.09	 	1.10	 	1.07	 	1.07	 	1.04	 	1.01	 	0.99	 	0.99	 	1.01	 	1.00	 	1.04	 	1.09	 	1.13	 	1.13	 	33
	19	 	0.97	 	1.01	 	1.02	 	1.02	 	1.00	 	0.99	 	0.96	 	0.95	 	0.95	 	0.96	 	0.97	 	0.98	 	1.03	 	1.09	 	1.16	 	1.16	 	34
	20	 	0.91	 	0.94	 	0.94	 	0.94	 	0.93	 	0.91	 	0.89	 	0.90	 	0.91	 	0.93	 	0.95	 	0.98	 	1.03	 	1.12	 	1.20	 	1.20	 	35
	21	 	0.83	 	0.85	 	0.85	 	0.86	 	0.85	 	0.83	 	0.86	 	0.86	 	0.87	 	0.91	 	0.94	 	0.97	 	1.05	 	1.16	 	1.25	 	1.25	 	36
	22	 	0.73	 	0.75	 	0.75	 	0.77	 	0.77	 	0.77	 	0.78	 	0.81	 	0.85	 	0.90	 	0.94	 	0.99	 	1.08	 	1.20	 	1.32	 	1.32	 	37
	23	 	0.73	 	0.74	 	0.74	 	0.76	 	0.77	 	0.77	 	0.78	 	0.82	 	0.87	 	0.92	 	0.98	 	1.04	 	1.14	 	1.27	 	1.41	 	1.41	 	38
	24	 	0.73	 	0.73	 	0.73	 	0.76	 	0.77	 	0.78	 	0.80	 	0.84	 	0.90	 	0.96	 	1.03	 	1.10	 	1.22	 	1.36	 	1.51	 	1.51	 	39
	25	 	0.71	 	0.71	 	0.72	 	0.75	 	0.77	 	0.80	 	0.82	 	0.87	 	0.95	 	1.01	 	1.09	 	1.18	 	1.33	 	1.47	 	1.63	 	1.63	 	40
	26	 	0.70	 	0.69	 	0.71	 	0.75	 	0.78	 	0.82	 	0.85	 	0.92	 	1.00	 	1.07	 	1.16	 	1.29	 	1.44	 	1.59	 	1.79	 	1.79	 	41
	27	 	0.68	 	0.68	 	0.71	 	0.76	 	0.80	 	0.85	 	0.90	 	0.97	 	1.07	 	1.15	 	1.26	 	1.40	 	1.58	 	1.75	 	1.97	 	1.97	 	42
	28	 	0.66	 	0.68	 	0.72	 	0.80	 	0.84	 	0.90	 	0.97	 	1.06	 	1.15	 	1.26	 	1.38	 	1.53	 	1.74	 	1.94	 	2.19	 	2.19	 	43
	29	 	0.65	 	0.68	 	0.75	 	0.84	 	0.90	 	0.97	 	1.06	 	1.15	 	1.26	 	1.38	 	1.52	 	1.70	 	1.94	 	2.17	 	2.45	 	2.45	 	44
	30	 	0.63	 	0.68	 	0.78	 	0.90	 	0.97	 	1.06	 	1.15	 	1.25	 	1.38	 	1.52	 	1.70	 	1.94	 	2.17	 	2.42	 	2.74	 	2.74	 	45
	31	 	0.63	 	0.70	 	0.82	 	0.97	 	1.06	 	1.15	 	1.25	 	1.38	 	1.52	 	1.70	 	1.94	 	2.17	 	2.42	 	2.71	 	3.07	 	3.07	 	46
	32	 	0.63	 	0.72	 	0.87	 	1.06	 	1.15	 	1.25	 	1.38	 	1.51	 	1.70	 	1.94	 	2.17	 	2.42	 	2.71	 	3.03	 	3.43	 	3.43	 	47
	33	 	0.63	 	0.74	 	0.91	 	1.14	 	1.25	 	1.36	 	1.50	 	1.67	 	1.87	 	2.14	 	2.41	 	2.69	 	3.03	 	3.39	 	3.82	 	3.82	 	48
	34	 	0.64	 	0.76	 	0.96	 	1.24	 	1.36	 	1.49	 	1.66	 	1.86	 	2.10	 	2.37	 	2.67	 	3.00	 	3.38	 	3.77	 	4.24	 	4.24	 	49

 

    	 	D-1-1	 

     

    

 

Extended Basic US 1975-80 Select and
Ultimate Automatic YRT Rates

	 	Male Aggregate	Age Last Birthday	 

 

	 	 	Policy Year	 	Att.
	Age	 	1	 	2	 	3	 	4	 	5	 	6	 	7	 	8	 	9	 	10	 	11	 	12	 	13	 	14	 	15	 	16+	 	Age
	35	 	0.65	 	0.79	 	1.03	 	1.20	 	1.35	 	1.49	 	1.66	 	1.86	 	2.10	 	2.33	 	2.63	 	2.96	 	3.34	 	3.75	 	4.19	 	4.69	 	50
	36	 	0.67	 	0.83	 	1.12	 	1.31	 	1.49	 	1.66	 	1.86	 	2.10	 	2.33	 	2.63	 	2.92	 	3.28	 	3.70	 	4.16	 	4.63	 	5.18	 	51
	37	 	0.70	 	0.88	 	1.21	 	1.44	 	1.66	 	1.86	 	2.10	 	2.33	 	2.63	 	2.92	 	3.23	 	3.62	 	4.09	 	4.59	 	5.12	 	5.72	 	52
	38	 	0.74	 	0.94	 	1.29	 	1.55	 	1.78	 	2.01	 	2.27	 	2.52	 	2.84	 	3.16	 	3.52	 	3.96	 	4.49	 	5.06	 	5.64	 	6.31	 	53
	39	 	0.78	 	1.00	 	1.40	 	1.68	 	1.93	 	2.18	 	2.45	 	2.72	 	3.06	 	3.41	 	3.82	 	4.31	 	4.92	 	5.37	 	6.22	 	6.94	 	54
	40	 	0.83	 	1.09	 	1.53	 	1.83	 	2.11	 	2.36	 	2.65	 	2.93	 	3.27	 	3.67	 	4.12	 	4.69	 	5.39	 	6.13	 	6.82	 	7.64	 	55
	41	 	0.89	 	1.20	 	1.68	 	2.01	 	2.29	 	2.56	 	2.86	 	3.14	 	3.49	 	3.92	 	4.45	 	5.09	 	5.90	 	6.72	 	7.50	 	8.42	 	56
	42	 	0.97	 	1.32	 	1.86	 	2.21	 	2.50	 	2.77	 	3.06	 	3.35	 	3.70	 	4.18	 	4.79	 	5.53	 	6.44	 	7.38	 	8.25	 	9.28	 	57
	43	 	1.05	 	1.46	 	2.02	 	2.41	 	2.74	 	3.04	 	3.35	 	3.66	 	4.03	 	4.55	 	5.21	 	5.99	 	6.96	 	7.97	 	8.93	 	10.24	 	58
	44	 	1.14	 	1.62	 	2.20	 	2.63	 	2.98	 	3.32	 	3.66	 	3.98	 	4.39	 	4.94	 	5.66	 	6.30	 	7.54	 	8.60	 	9.67	 	11.32	 	59
	45	 	1.23	 	1.81	 	2.39	 	2.85	 	3.24	 	3.61	 	3.98	 	4.34	 	4.77	 	5.35	 	6.15	 	7.06	 	8.16	 	9.30	 	10.49	 	12..53	 	60
	46	 	1.33	 	2.00	 	2.58	 	3.08	 	3.51	 	3.92	 	4.34	 	4.73	 	5.17	 	5.80	 	6.68	 	7.66	 	8.83	 	10.06	 	11.39	 	13.87	 	61
	47	 	1.44	 	2.21	 	2.77	 	3.31	 	3.79	 	4.26	 	4.73	 	5.12	 	5.61	 	6.29	 	7.26	 	8.32	 	9.58	 	10.89	 	12.36	 	15.32	 	62
	48	 	1.55	 	2.32	 	2.90	 	3.48	 	4.02	 	4.53	 	5.06	 	5.54	 	6.13	 	6.89	 	8.04	 	9.23	 	10.57	 	11.94	 	13.41	 	16.89	 	63
	49	 	1.66	 	2.42	 	3.03	 	3.64	 	4.24	 	4.81	 	5.41	 	5.99	 	6.69	 	7.55	 	8.91	 	10.26	 	11.67	 	13.06	 	14.53	 	18.61	 	64
	50	 	1.77	 	2.51	 	3.15	 	3.80	 	4.46	 	5.09	 	5.78	 	6.48	 	7.31	 	8.30	 	9.90	 	11.41	 	12.85	 	14.25	 	15.72	 	20.49	 	65
	51	 	1.88	 	2.59	 	3.26	 	3.94	 	4.69	 	5.39	 	6.18	 	7.02	 	8.01	 	9.13	 	10.99	 	12.65	 	14.12	 	15.54	 	16.98	 	22.56	 	66
	52	 	1.99	 	2.66	 	3.35	 	4.08	 	4.92	 	5.70	 	6.60	 	7.61	 	8.78	 	10.04	 	12.18	 	14.00	 	15.51	 	16.94	 	18.35	 	24.85	 	67
	53	 	2.15	 	2.89	 	3.66	 	4.47	 	5.38	 	6.22	 	7.22	 	8.32	 	9.57	 	10.98	 	13.29	 	15.31	 	16.94	 	18.35	 	20.53	 	27.37	 	68
	54	 	2.31	 	3.13	 	4.00	 	4.90	 	5.89	 	6.81	 	7.90	 	9.09	 	10.42	 	11.98	 	14.48	 	16.73	 	18.35	 	20.53	 	22.96	 	30.13	 	69
	55	 	2.49	 	3.40	 	4.37	 	5.37	 	6.47	 	7.46	 	8.65	 	9.91	 	11.31	 	13.06	 	15.77	 	18.29	 	20.53	 	22.85	 	25.67	 	33.13	 	70
	56	 	2.68	 	3.70	 	4.78	 	5.91	 	7.10	 	8.16	 	9.44	 	10.78	 	12.26	 	14.23	 	17.18	 	19.99	 	22.70	 	25.23	 	28.65	 	36.34	 	71
	57	 	2.89	 	4.02	 	5.24	 	6.50	 	7.80	 	8.92	 	10.29	 	11.72	 	13.29	 	15.50	 	18.71	 	21.85	 	24.96	 	27.83	 	31.89	 	39.80	 	72
	58	 	3.05	 	4.30	 	5.78	 	7.12	 	8.58	 	9.62	 	11.05	 	12.58	 	14.24	 	16.56	 	19.88	 	23.10	 	26.39	 	29.47	 	33.93	 	43.57	 	73
	59	 	3.22	 	4.60	 	6.37	 	7.78	 	9.42	 	10.36	 	11.84	 	13.48	 	15.26	 	17.68	 	21.09	 	24.35	 	27.80	 	31.11	 	36.05	 	47.72	 	74
	60	 	3.40	 	4.91	 	7.01	 	8.49	 	10.34	 	11.15	 	12.69	 	14.45	 	16.34	 	18.85	 	22.31	 	25.55	 	29.18	 	32.79	 	38.29	 	52.31	 	75
	61	 	3.57	 	5.22	 	7.69	 	9.25	 	11.15	 	12.44	 	13.59	 	15.48	 	17.47	 	20.04	 	23.51	 	26.72	 	30.56	 	34.52	 	40.66	 	57.37	 	76
	62	 	3.74	 	5.54	 	8.44	 	10.07	 	12.44	 	12.89	 	14.54	 	16.56	 	18.64	 	21.24	 	24.70	 	27.87	 	31.96	 	36.31	 	43.15	 	62.94	 	77
	63	 	4.15	 	6.18	 	9.21	 	11.19	 	12.89	 	14.50	 	16.42	 	18.63	 	21.03	 	23.56	 	27.15	 	30.60	 	35.16	 	40.29	 	47.22	 	69.02	 	78
	64	 	4.59	 	6.88	 	10.04	 	12.43	 	14.50	 	16.29	 	18.52	 	20.91	 	23.56	 	26.17	 	29.85	 	33.67	 	38.70	 	44.72	 	51.64	 	75.60	 	79
	65	 	5.08	 	7.66	 	10.96	 	13.82	 	16.29	 	18.27	 	20.82	 	23.41	 	26.17	 	29.29	 	33.67	 	36.95	 	42.60	 	49.60	 	56.42	 	82.69	 	80
	66	 	5.63	 	8.53	 	11.96	 	15.34	 	18.27	 	20.62	 	23.35	 	26.17	 	29.29	 	33.67	 	36.18	 	40.63	 	46.88	 	54.95	 	61.55	 	90.24	 	81
	67	 	6.23	 	9.50	 	13.04	 	17.02	 	20.62	 	22.82	 	26.17	 	29.29	 	33.67	 	35.69	 	39.85	 	44.66	 	51.53	 	60.78	 	66.99	 	98.24	 	82
	68	 	6.86	 	10.46	 	14.34	 	18.67	 	22.58	 	24.98	 	28.66	 	32.11	 	35.69	 	39.16	 	43.70	 	48.92	 	56.36	 	66.33	 	72.93	 	106.88	 	83
	69	 	7.55	 	11.50	 	15.73	 	20.45	 	24.72	 	27.36	 	31.42	 	35.21	 	39.16	 	42.94	 	47.87	 	53.51	 	61.51	 	72.21	 	79.34	 	116.36	 	84

 

    	 	D-1-2	 

     

    

 

Extended Basic US 1975-80 Select and
Ultimate Automatic YRT Rates

	 	Male Aggregate	Age Last Birthday	 

 

	 	 	Policy Year	 	Att.
	Age	 	1	 	2	 	3	 	4	 	5	 	6	 	7	 	8	 	9	 	10	 	11	 	12	 	13	 	14	 	15	 	16+	 	Age
	70	 	8.31	 	12.61	 	17.23	 	22.38	 	27.08	 	29.99	 	34.46	 	38.63	 	42.94	 	47.03	 	52.35	 	58.39	 	66.96	 	78.56	 	86.38	 	126.68	 	85
	71	 	10.47	 	15.62	 	21.23	 	26.87	 	31.79	 	37.10	 	45.06	 	52.48	 	61.52	 	70.10	 	79.36	 	89.95	 	101.57	 	114.38	 	126.68	 	137.84	 	86
	72	 	12.46	 	17.88	 	24.74	 	30.99	 	36.83	 	43.05	 	52.03	 	60.28	 	70.10	 	79.56	 	89.95	 	101.50	 	114.49	 	126.68	 	137.84	 	149.84	 	87
	73	 	14.73	 	20.79	 	28.66	 	35.72	 	42.56	 	49.78	 	59.87	 	68.99	 	79.56	 	89.95	 	101.50	 	114.47	 	126.68	 	137.84	 	149.84	 	162.59	 	88
	74	 	17.32	 	24.36	 	33.02	 	41.10	 	49.03	 	57.35	 	68.62	 	78.63	 	89.95	 	101.50	 	114.47	 	126.68	 	137.84	 	149.84	 	162.59	 	175.87	 	89
	75	 	20.30	 	28.44	 	37.98	 	47.15	 	56.29	 	65.81	 	78.31	 	89.23	 	101.50	 	114.47	 	126.68	 	137.84	 	149.84	 	162.59	 	175.87	 	18937	 	90
	76	 	23.70	 	32.76	 	43.56	 	53.93	 	64.39	 	75.18	 	88.98	 	101.03	 	114.47	 	126.68	 	137.84	 	149.84	 	162.59	 	175.87	 	189.57	 	203.69	 	91
	77	 	27.57	 	37.66	 	49.82	 	61.49	 	73.35	 	85.50	 	100.87	 	114.30	 	126.68	 	137.84	 	149.84	 	16239	 	175.87	 	189.57	 	203.69	 	218.23	 	92
	78	 	32.14	 	43.52	 	56.79	 	69.83	 	83.20	 	97.00	 	114.24	 	126.68	 	137.84	 	149.84	 	162.59	 	175.87	 	189.57	 	203.69	 	218.23	 	233.19	 	93
	79	 	37.47	 	50.08	 	64.48	 	78.99	 	94.18	 	109.95	 	126.68	 	137.84	 	149.84	 	162.59	 	175.87	 	189.57	 	203.69	 	218.23	 	233.19	 	248.57	 	94
	80	 	43.47	 	57.36	 	72.91	 	89.17	 	106.51	 	124.42	 	137.84	 	149.84	 	162.59	 	175.87	 	189.57	 	203.69	 	218.23	 	233.19	 	248.57	 	264.37	 	95
	81	 	50.14	 	65.39	 	82.30	 	100.60	 	120.28	 	137.84	 	149:84	 	16239	 	175.87	 	189.57	 	203.69	 	218.23	 	233.19	 	248.57	 	264.37	 	280.59	 	96
	82	 	57.53	 	74.35	 	92.83	 	113.35	 	135.58	 	149.84	 	162.59	 	175.87	 	189.57	 	203.69	 	218.23	 	233.19	 	248.57	 	264.37	 	280.59	 	297.23	 	97
	83	 	66.91	 	84.44	 	104.59	 	127.51	 	149.84	 	162.59	 	175.87	 	189.57	 	203.69	 	218.23	 	233.19	 	248.57	 	264.37	 	280.39	 	297.23	 	314.29	 	98
	84	 	78.67	 	97.04	 	117.63	 	143.14	 	162.59	 	175.87	 	189.57	 	203.69	 	218.23	 	233.19	 	248.57	 	264.37	 	280.59	 	297.23	 	314.29	 	331.77	 	99
	85	 	91.98	 	111.05	 	132.03	 	160.23	 	175.87	 	189.57	 	203.69	 	218.23	 	233.19	 	248.57	 	264.37	 	280.59	 	297.23	 	314.29	 	331.77	 	349.67	 	100

 

    	 	D-1-3	 

     

    

 

SCHEDULE
D

 

US 75-80, BASIC SELECT & ULTIMATE,
AGGREGATE AGE LAST BIRTHDAY,

GENDER DISTINCT MORTALITY TABLES

 

	PART 2	-	FEMALE RATES

 

     

     

    

 

Extended Basic US 1975-80 Select and
Ultimate Automatic YRT Rates

	 	Female Aggregate	Age Nearest Birthday	 

 

	 	 	Policy Year	 	Att.
	Age	 	1	 	2	 	3	 	4	 	5	 	6	 	7	 	8	 	9	 	10	 	11	 	12	 	13	 	14	 	15	 	16+	 	Age
	0	 	0.84	 	0.33	 	0.30	 	0.27	 	0.24	 	0.22	 	0.20	 	0.18	 	0.19	 	0.19	 	0.21	 	0.23	 	0.26	 	0.29	 	0.34	 	0.38	 	15
	1	 	0.32	 	0.29	 	0.26	 	0.23	 	0.22	 	0.20	 	0.18	 	0.19	 	0.19	 	0.21	 	0.23	 	0.26	 	0.29	 	0.34	 	0.38	 	0.42	 	16
	2	 	0.27	 	0.26	 	0.23	 	0.22	 	0.20	 	0.18	 	0.19	 	0.19	 	0.21	 	0.23	 	0.26	 	0.29	 	0.34	 	0.38	 	0.42	 	0.46	 	17
	3	 	0.23	 	0.23	 	0.22	 	0.20	 	0.18	 	0.19	 	0.19	 	0.21	 	0.23	 	0.26	 	0.29	 	0.34	 	0.38	 	0.41	 	0.45	 	0.48	 	18
	4	 	0.21	 	0.21	 	0.20	 	0.18	 	0.19	 	0.19	 	0.21	 	0.23	 	0.26	 	0.29	 	0.34	 	0.38	 	0.41	 	0.45	 	0.48	 	0.50	 	19
	5	 	0.20	 	0.20	 	0.18	 	0.19	 	0.19	 	0.21	 	0.23	 	0.26	 	0.29	 	0.34	 	0.38	 	0.41	 	0.45	 	0.48	 	0.49	 	0.52	 	20
	6	 	0.18	 	0.18	 	0.19	 	0.19	 	0.21	 	0.23	 	0.26	 	0.29	 	0.34	 	0.38	 	0.41	 	0.45	 	0.48	 	0.49	 	0.51	 	0.53	 	21
	7	 	0.17	 	0.19	 	0.19	 	0.21	 	0.23	 	0.26	 	0.29	 	0.34	 	0.38	 	0.41	 	0.45	 	0.48	 	0.49	 	0.51	 	0.52	 	0.53	 	22
	8	 	0.17	 	0.19	 	0.21	 	0.23	 	0.26	 	0.29	 	0.34	 	0.38	 	0.41	 	0.45	 	0.47	 	0.49	 	0.51	 	0.52	 	0.53	 	0.53	 	23
	9	 	0.17	 	0.21	 	0.23	 	0.25	 	0.28	 	0.33	 	0.38	 	0.41	 	0.45	 	0.47	 	0.49	 	0.51	 	0.52	 	0.53	 	0.53	 	0.53	 	24
	10	 	0.18	 	0.23	 	0.25	 	0.28	 	0.33	 	0.37	 	0.41	 	0.45	 	0.47	 	0.49	 	0.51	 	0.52	 	0.53	 	0.53	 	0.53	 	0.53	 	25
	11	 	0.18	 	0.25	 	0.28	 	0.33	 	0.37	 	0.41	 	0.45	 	0.47	 	0.49	 	0.51	 	0.52	 	0.53	 	0.53	 	0.53	 	0.53	 	0.53	 	26
	12	 	0.20	 	0.28	 	0.33	 	0.36	 	0.40	 	0.44	 	0.47	 	0.49	 	0.51	 	0.52	 	0.53	 	0.53	 	0.53	 	0.53	 	0.54	 	0.53	 	27
	13	 	0.22	 	0.32	 	0.35	 	0.38	 	0.42	 	0.44	 	0.47	 	0.49	 	0.52	 	0.52	 	0.53	 	0.53	 	0.53	 	0.53	 	0.54	 	0.54	 	28
	14	 	0.26	 	0.34	 	0.38	 	0.40	 	0.42	 	0.45	 	0.47	 	0.49	 	0.52	 	0.52	 	0.53	 	0.53	 	0.53	 	0.54	 	0.54	 	0.55	 	29
	15	 	0.30	 	0.36	 	0.39	 	0.40	 	0.42	 	0.45	 	0.47	 	0.47	 	0.52	 	0.53	 	0.53	 	0.53	 	0.34	 	0.54	 	0.56	 	0.57	 	30
	16	 	0.33	 	0.37	 	0.39	 	0.40	 	0.42	 	0.44	 	0.45	 	0.46	 	0.32	 	0.53	 	0.53	 	0.54	 	0.54	 	0.56	 	0.57	 	0.60	 	31
	17	 	0.36	 	0.37	 	0.39	 	0.40	 	0.41	 	0.42	 	0.43	 	0.44	 	0.52	 	0.53	 	0.54	 	0.54	 	0.56	 	0.57	 	0.61	 	0.63	 	32
	18	 	0.36	 	0.37	 	0.40	 	0.40	 	0.41	 	0.42	 	0.43	 	0.44	 	0.51	 	0.52	 	0.54	 	0.55	 	0.57	 	0.60	 	0.64	 	0.68	 	33
	19	 	0.36	 	0.37	 	0.40	 	0.40	 	0.41	 	0.42	 	0.43	 	0.45	 	0.49	 	0.51	 	0.55	 	0.57	 	0.60	 	0.64	 	0.69	 	0.74	 	34
	20	 	0.35	 	0.37	 	0.39	 	0.40	 	0.41	 	0.42	 	0.44	 	0.45	 	0.48	 	0.51	 	0.57	 	0.60	 	0.64	 	0.69	 	0.75	 	0.81	 	35
	21	 	0.34	 	0.35	 	0.38	 	0.39	 	0.41	 	0.42	 	0.44	 	0.46	 	0.48	 	0.52	 	0.60	 	0.64	 	0.69	 	0.75	 	0.82	 	0.89	 	36
	22	 	0.32	 	0.34	 	0.37	 	0.39	 	0.41	 	0.42	 	0.45	 	0.47	 	0.48	 	0.53	 	0.64	 	0.69	 	0.75	 	0.82	 	0.90	 	0.98	 	37
	23	 	0.32	 	0.34	 	0.38	 	0.40	 	0.42	 	0.44	 	0.47	 	0.48	 	0.53	 	0.58	 	0.69	 	0.75	 	0.82	 	0.90	 	1.00	 	1.09	 	38
	24	 	0.32	 	0.35	 	0.38	 	0.41	 	0.44	 	0.46	 	0.48	 	0.53	 	0.58	 	0.63	 	0.75	 	0.82	 	0.90	 	1.00	 	1.11	 	1.22	 	39
	25	 	0.31	 	0.35	 	0.39	 	0.43	 	0.46	 	0.48	 	0.53	 	0.58	 	0.63	 	0.68	 	0.82	 	0.90	 	1.00	 	1.11	 	1.23	 	1.37	 	40
	26	 	0.31	 	0.35	 	0.41	 	0.44	 	0.48	 	0.53	 	0.58	 	0.63	 	0.68	 	0.74	 	0.90	 	1.00	 	1.11	 	1.23	 	1.38	 	1.34	 	41
	27	 	0.31	 	0.36	 	0.42	 	0.47	 	0.53	 	0.58	 	0.63	 	0.68	 	0.71	 	0.82	 	1.00	 	1.11	 	1.23	 	1.38	 	1.54	 	1.71	 	42
	28	 	0.32	 	0.37	 	0.43	 	0.50	 	0.56	 	0.63	 	0.68	 	0.71	 	0.80	 	0.91	 	1.11	 	1.23	 	1.38	 	1.34	 	1.71	 	1.88	 	43
	29	 	0.33	 	0.38	 	0.46	 	0.52	 	0.60	 	0.68	 	0.71	 	0.80	 	0.91	 	1.03	 	1.23	 	1.38	 	1.54	 	1.71	 	1.88	 	2.05	 	44
	30	 	0.35	 	0.40	 	0.48	 	0.57	 	0.66	 	0.71	 	0.80	 	0.91	 	1.03	 	1.15	 	1.38	 	1.54	 	1.71	 	1.88	 	2.05	 	2.24	 	45
	31	 	0.37	 	0.42	 	0.52	 	0.62	 	0.71	 	0.80	 	0.91	 	1.03	 	1.15	 	1.27	 	1.54	 	1.71	 	1.88	 	2.05	 	2.24	 	2.43	 	46
	32	 	0.39	 	0.45	 	0.56	 	0.68	 	0.80	 	0.91	 	1.03	 	1.15	 	1.27	 	1.40	 	1.70	 	1.87	 	2.05	 	2.24	 	2.44	 	2.62	 	47
	33	 	0.41	 	0.48	 	0.59	 	0.73	 	0.86	 	0.99	 	1.14	 	1.27	 	1.40	 	1.56	 	1.85	 	2.02	 	2.22	 	2.43	 	2.62	 	2.83	 	48
	34	 	0.43	 	0.51	 	0.63	 	0.77	 	0.93	 	1.09	 	1.25	 	1.40	 	1.56	 	1.73	 	2.00	 	2.19	 	2.39	 	2.62	 	2.83	 	3.05	 	49

 

 

    	 	D-2-1	 

     

    

 

Extended Basic US 1975-80 Select and
Ultimate Automatic YRT Rates

	 	Female Aggregate	Age Nearest Birthday	 

 

	 	 	Policy Year	 	Att.
	Age	 	1	 	2	 	3	 	4	 	5	 	6	 	7	 	8	 	9	 	10	 	11	 	12	 	13	 	14	 	15	 	16+	 	Age
	35	 	0.45	 	0.54	 	0.66	 	0.83	 	1.01	 	1.20	 	1.39	 	1.56	 	1.73	 	1.90	 	2.17	 	2.36	 	2.36	 	2.82	 	3.05	 	3.30	 	50
	36	 	0.47	 	0.58	 	0.71	 	0.90	 	1.10	 	1.32	 	1.52	 	1.71	 	1.90	 	2.09	 	2.33	 	2.53	 	2.75	 	3.04	 	3.30	 	3.57	 	5I
	37	 	0.50	 	0.62	 	0.76	 	0.98	 	1.20	 	1.43	 	1.64	 	1.85	 	2.07	 	2.28	 	2.49	 	2.71	 	2.94	 	3.29	 	3.57	 	3.88	 	52
	38	 	0.54	 	0.69	 	0:85	 	1.10	 	1.33	 	1.57	 	1.78	 	2.01	 	2.23	 	2.44	 	2.67	 	2.89	 	3.15	 	3.53	 	3.84	 	4.22	 	53
	39	 	0.58	 	0.76	 	0.95	 	1.22	 	1.45	 	1.70	 	1.93	 	2.17	 	2.39	 	2.62	 	2.85	 	3.10	 	3.37	 	3.80	 	4.13	 	4.60	 	54
	40	 	0.63	 	0.85	 	1.05	 	1.33	 	1.58	 	1.86	 	2.08	 	2.32	 	2.56	 	2.80	 	3.06	 	3.33	 	3.62	 	4.10	 	4.46	 	5.02	 	55
	41	 	0.68	 	0.94	 	1.15	 	1.45	 	1.71	 	2.01	 	2.23	 	2.49	 	2.74	 	3.01	 	3.28	 	3.58	 	3.90	 	4.44	 	4.81	 	5.47	 	56
	42	 	0.73	 	1.02	 	1.25	 	1.58	 	1.85	 	2.16	 	2.40	 	2.67	 	2.94	 	3.23	 	3.53	 	3.86	 	4.20	 	4.80	 	5.19	 	5.96	 	57
	43	 	0.78	 	1.09	 	1.35	 	1.67	 	1.95	 	2.27	 	2.53	 	2.83	 	1.13	 	3.46	 	3.79	 	4.16	 	4.54	 	5.19	 	5.62	 	6.50	 	58
	44	 	0.83	 	1.16	 	1.44	 	1.74	 	2.26	 	2.37	 	2.67	 	3.01	 	3.34	 	3.70	 	4.08	 	4.49	 	4.89	 	5.61	 	6.09	 	7.08	 	59
	45	 	0.89	 	1.23	 	1.53	 	1.83	 	2.16	 	2.49	 	2.83	 	3.20	 	3.57	 	3.97	 	4.39	 	4.83	 	5.28	 	6.07	 	6.60	 	7.69	 	60
	46	 	0.93	 	1.30	 	1.62	 	1.91	 	2.28	 	2.61	 	3.00	 	3.41	 	3.82	 	4.26	 	4.72	 	5.20	 	5.70	 	6.55	 	7.12	 	8.34	 	61
	47	 	0.98	 	1.37	 	1.72	 	2.00	 	2.41	 	2.75	 	3.18	 	3.64	 	4.09	 	4.57	 	5.07	 	5.60	 	6.14	 	7.06	 	7.68	 	9.03	 	62
	48	 	1.03	 	1.43	 	1.80	 	2.10	 	2.54	 	2.92	 	3.40	 	3.91	 	4.36	 	4.87	 	5.41	 	5.97	 	6.53	 	7.50	 	8.14	 	9.77	 	63
	49	 	1.07	 	1.50	 	1.88	 	2.21	 	2.68	 	3.11	 	3.64	 	4.20	 	4.65	 	5.20	 	5.77	 	6.35	 	6.94	 	7.94	 	8.61	 	10.57	 	64
	50	 	1.12	 	1.56	 	1.97	 	2.32	 	2.82	 	3.32	 	3.89	 	4.51	 	4.96	 	5.54	 	6.13	 	6.74	 	7.36	 	8.41	 	9.10	 	11.45	 	65
	51	 	1.17	 	1.64	 	2.07	 	2.44	 	2.98	 	3.53	 	4.15	 	4.84	 	5.28	 	5.88	 	6.50	 	7.14	 	7.79	 	8.89	 	9.63	 	12.42	 	66
	52	 	1.23	 	1.72	 	2.17	 	2.57	 	3.13	 	3.75	 	4.43	 	5.19	 	5.60	 	6.23	 	6.88	 	7.55	 	8.24	 	9.41	 	10.20	 	13.48	 	67
	53	 	1.29	 	1.81	 	2.30	 	2.76	 	3.36	 	4.02	 	4.73	 	5.51	 	5.98	 	6.63	 	7.33	 	8.06	 	8.84	 	10.14	 	11.03	 	14.64	 	68
	54	 	1.36	 	1.91	 	2.44	 	2.96	 	3.61	 	4.31	 	5.04	 	5.83	 	6.37	 	7.06	 	7.81	 	8.62	 	9.49	 	10.93	 	11.94	 	15.94	 	69
	55	 	1.43	 	2.01	 	2.58	 	3.18	 	3.87	 	4.60	 	5.36	 	6.16	 	6.78	 	7.50	 	8.33	 	9.23	 	10.20	 	11.80	 	12.96	 	17.42	 	70
	56	 	1.50	 	2.11	 	2.74	 	3.41	 	4.13	 	4.90	 	5.69	 	6.51	 	7.22	 	7.99	 	8.89	 	9.88	 	10.96	 	12.76	 	14.12	 	19.13	 	71
	57	 	1.57	 	2.21	 	2.89	 	3.64	 	4.41	 	5.21	 	6.03	 	6.86	 	7.69	 	8.51	 	9.49	 	10.59	 	11.81	 	13.85	 	15.45	 	21.11	 	72
	58	 	1.69	 	2.39	 	3.12	 	3.91	 	4.71	 	5.54	 	6.40	 	7.28	 	8.17	 	9.05	 	10.28	 	11.45	 	12.76	 	14.97	 	16.71	 	23.41	 	73
	59	 	1.82	 	2.58	 	3.36	 	4.19	 	5.02	 	5.88	 	6.79	 	7.74	 	8.69	 	9.63	 	11.16	 	12.42	 	13.25	 	16.25	 	18.16	 	26.09	 	74
	60	 	1.94	 	2.77	 	3.61	 	4.48	 	5.35	 	6.25	 	7.21	 	8.22	 	9.24	 	10.27	 	12.16	 	13.55	 	15.11	 	17.72	 	19.83	 	29.20	 	75
	61	 	2.08	 	2.98	 	3.28	 	4.80	 	5.70	 	6.65	 	7.67	 	8.74	 	9.84	 	10.99	 	13.31	 	14.84	 	16.55	 	19.42	 	21.73	 	32.78	 	76
	62	 	2.22	 	3.20	 	4.17	 	5.14	 	6.09	 	7.08	 	8.15	 	9.31	 	10.52	 	11.81	 	14.65	 	16.34	 	18.23	 	21.37	 	23.87	 	36.88	 	77
	63	 	2.36	 	3.38	 	4.40	 	5.42	 	6.42	 	7.47	 	8.61	 	9.88	 	14.24	 	12.74	 	15.86	 	17.73	 	19.83	 	23.30	 	26.11	 	41.54	 	78
	64	 	2.51	 	3.58	 	4.65	 	5.72	 	6.77	 	7.89	 	9.12	 	10.52	 	12.06	 	13.80	 	17.25	 	19.31	 	21.63	 	25.45	 	28.57	 	46.74	 	79
	65	 	2.67	 	3.79	 	4.91	 	6.03	 	7.15	 	8.35	 	9.70	 	1124	 	13.00	 	15.01	 	18.83	 	21.08	 	23.62	 	27.79	 	31.21	 	52.50	 	80
	66	 	2.84	 	4.01	 	5.19	 	6.37	 	7.57	 	8.88	 	10.36	 	12.07	 	14.06	 	16.40	 	20.61	 	23.04	 	25.79	 	30.30	 	34.00	 	58.80	 	81
	67	 	3.03	 	4.24	 	5.49	 	6.75	 	8.04	 	9.48	 	11.10	 	13.00	 	15.26	 	17.95	 	22.58	 	25.19	 	28.11	 	32.93	 	36.89	 	65.66	 	82
	68	 	3.29	 	4.62	 	6.00	 	7.41	 	8.87	 	10.51	 	12.37	 	14.55	 	17.13	 	20.20	 	25.19	 	28.11	 	31.57	 	36.88	 	41.19	 	73.06	 	83
	69	 	3.58	 	5.05	 	6.59	 	8.18	 	9.84	 	11.72	 	13.85	 	16.33	 	19.27	 	22.75	 	28.11	 	31.57	 	35.36	 	41.18	 	45.84	 	81.02	 	84

 

    	 	D-2-2	 

     

    

 

Extended Basic US 1975-80 Select and
Ultimate Automatic YRT Rates

	 	Female Aggregate	Age Nearest Birthday	 

 

	 	 	Policy Year	 	Att.
	Age	 	1	 	2	 	3	 	4	 	5	 	6	 	7	 	8	 	9	 	10	 	11	 	12	 	13	 	14	 	15	 	16+	 	Age
	70	 	3.92	 	5.54	 	7.27	 	9.07	 	10.97	 	13.11	 	15.54	 	18.38	 	21.71	 	25.59	 	31.57	 	35.36	 	39.49	 	45.83	 	50.83	 	89.52	 	85
	71	 	5.51	 	8.28	 	11.4I	 	14.70	 	17.75	 	21.20	 	26.41	 	31.59	 	38.04	 	44.51	 	51.86	 	60.13	 	69.44	 	79.78	 	89.52	 	98.58	 	86
	72	 	6.61	 	9.61	 	13.53	 	17.30	 	21.05	 	25.24	 	31.32	 	37.28	 	44.51	 	51.86	 	60.13	 	69.40	 	79.72	 	89.52	 	98.58	 	108.18	 	87
	73	 	7.92	 	11.37	 	16.00	 	20.42	 	24.95	 	29.97	 	37.02	 	43.81	 	51.86	 	60.13	 	69.40	 	79.71	 	89.52	 	98.58	 	108.18	 	118.34	 	88
	74	 	9.47	 	13.60	 	18.87	 	24.09	 	29.51	 	35.47	 	43.58	 	51.25	 	60.13	 	69.40	 	79.71	 	89.52	 	98.58	 	108.18	 	118.34	 	129.04	 	89
	75	 	11.33	 	16.25	 	22.26	 	28.38	 	34.81	 	41.79	 	51.04	 	59.65	 	69.40	 	79.71	 	89.52	 	98.58	 	108.18	 	118.34	 	129.04	 	140.30	 	90
	76	 	13.54	 	19.20	 	26.22	 	33.35	 	40.89	 	49.00	 	59.49	 	69.08	 	79.71	 	89.52	 	98.58	 	108.18	 	118.34	 	129.04	 	140.30	 	152.10	 	91
	77	 	16.16	 	22.67	 	30.81	 	39.05	 	47.81	 	57.16	 	68.97	 	79.59	 	89.52	 	98.58	 	108.18	 	118.34	 	129.04	 	140.30	 	152.10	 	164.46	 	92
	78	 	1935	 	26.92	 	36.06	 	45.51	 	55.62	 	66.32	 	79.55	 	89.52	 	98.58	 	108.18	 	11834	 	129.04	 	14030	 	152.10	 	164.46	 	17736	 	93
	79	 	23.18	 	31.80	 	42.02	 	52.80	 	64.39	 	76.56	 	89.52	 	98.58	 	108.18	 	118.34	 	129.04	 	140.30	 	152.10	 	164.46	 	177.36	 	190.82	 	94
	80	 	27.61	 	37.39	 	48.74	 	60.97	 	74.17	 	87.93	 	98.58	 	108.18	 	118.34	 	129.04	 	140.30	 	152.10	 	164.46	 	177.36	 	190.82	 	204.82	 	95
	81	 	32.68	 	43.71	 	56.27	 	70.05	 	85.01	 	98.58	 	108.18	 	118.34	 	129.04	 	140.30	 	152.10	 	164.46	 	177.36	 	190.82	 	20412	 	219.38	 	96
	82	 	38.46	 	50.83	 	64.64	 	80.11	 	96.97	 	108.18	 	118.34	 	129.04	 	140.30	 	152.10	 	164.46	 	177.36	 	190.82	 	204.82	 	219.38	 	234.48	 	97
	83	 	45.76	 	58.80	 	73.91.	 	91.19	 	108.18	 	11834	 	129.04	 	140.30	 	152.10	 	164.46	 	177.36	 	190.82	 	204.82	 	219.38	 	234.48	 	250.14	 	98
	84	 	54.79	 	68.59	 	84.13	 	103.35	 	118.34	 	129.04	 	140.30	 	152.10	 	164.46	 	177.36	 	190.82	 	204.82	 	219.38	 	234.48	 	250.14	 	266.34	 	99
	85	 	65.01	 	79.42	 	95.33	 	116.62	 	129.04	 	140.30	 	152.10	 	164.46	 	177.36	 	190.82	 	204.82	 	219.38	 	234.48	 	250.14	 	26634	 	283.10	 	100

 

    	 	D-2-3	 

     

    

 

SCHEDULE
E

 

IN-FORCE LIST OF LEVEL TERM POLICIES

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00288-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00288-of-00352.parquet"}]]