CHAPTER Ins 3500 VALUATION OF
LIFE INSURANCE POLICIES
Statutory Authority: RSA 400-A:15, I.;
RSA 410
PART Ins 3501 PURPOSE
Ins 3501.01 Purpose.
(a) The purpose of
this rule is to provide:
(1) Tables of select mortality factors and rules
for their use;
(2) Rules concerning a minimum standard for the
valuation of plans with nonlevel premiums or
benefits; and
(3) Rules concerning a minimum standard for the
valuation of plans with secondary guarantees.
(b) The method for
calculating basic reserves defined in this rule will constitute the
commissioner’s reserve valuation method for policies to which this rule is
applicable.
Source. #7419, eff 7-1-01; ss by #9516, eff 7-25-09; ss by #12219, eff 7-25-17
PART Ins 3502 APPLICABILITY
Ins 3502.01 Applicability.
(a) This rule shall
apply to all life insurance policies, with or without nonforfeiture
values, issued on or after the 2017 effective date of this rule, subject to the
following exceptions and conditions:
(1) Exceptions are:
a. This rule shall not apply to any individual life
insurance policy issued on or after the 2017 effective date of this
rule if the policy is issued in accordance with and as a result of the exercise
of a reentry provision contained in the original life insurance policy of the
same or greater face amount, issued before the 2017 effective date of this
rule, that guarantees the premium rates of the new policy. This rule also shall not apply to subsequent
policies issued as a result of the exercise of such a provision, or a deviation
of the provision, in the new policy;
b. This rule shall not apply to any universal life
policy that meets all the following requirements:
1. Secondary guarantee period, if any, is 5
years or less;
2. Specified premium for the secondary guarantee
period is not less than the net level reserve premium for the secondary
guarantee period based on the 1980 CSO valuation tables as defined in
Part Ins 3503 and the applicable valuation interest rate; and
3. The initial surrender charge is not less than
100 percent of the first year annualized specified premium for the secondary
guarantee period;
c. This rule shall not apply to any variable life
insurance policy that provides for life insurance, the amount or duration of
which varies according to the investment experience of any separate account or
accounts;
d. This rule shall not apply to any variable
universal life insurance policy that provides for life insurance, the amount or
duration of which varies according to the investment experience of any separate
account or accounts; and
e. This rule shall not apply to a group life
insurance certificate unless the certificate provides for a stated or implied
schedule of maximum gross premiums required in order to continue coverage in
force for a period in excess of one year.
(2) Conditions are:
a. Calculation of the minimum valuation standard
for policies with guaranteed nonlevel gross premiums
or guaranteed nonlevel benefits, other than universal
life policies, or both, shall be in accordance with the provisions of Ins 3506;
and
b. Calculation of the minimum valuation standard
for flexible premium and fixed premium universal life insurance policies, that
contain provisions resulting in the ability of a policyholder to keep a policy
in force over a secondary guarantee period shall be in accordance with
provisions of Ins 3506.
(b) In addition to the exceptions and conditions set out
in (a) above, the commissioner, upon the commissioner’s own initiative or upon
request by an insurer, shall waive any requirement of this chapter if such
waiver does not contradict the objective or intent of the rule and:
(1) Applying
the rule provision would cause confusion or would be misleading to consumers;
(2) The rule
provision is in whole or in part inapplicable to the specific circumstances;
(3) There are
specific circumstances unique to the situation such that strict compliance with
the rule would be onerous without promoting the objective or intent of the rule
provision; or
(4) Any other
similar extenuating circumstances exist such that application of an alternative
standard or procedure better promotes the objective or intent of the rule
provision; and
(5) No
requirement prescribed by statute shall be waived unless expressly authorized
by law; and
(7) Any request
for a waiver shall be in writing and shall specify the basis for the waiver and
proposed alternative, if any.
Source. #7419, eff 7-1-01; ss by #9516, eff 7-25-09; ss by #12219, eff 7-25-17
PART Ins 3503 DEFINITIONS
Ins 3503.01 Definitions.
(a) “Basic reserves”
means reserves calculated in accordance with RSA 410:4, Standard Valuation Law.
(b) “Contract
segmentation method” means the method of dividing the period from issue to
mandatory expiration of a policy into successive segments, with the length of
each segment being defined as the period from the end of the prior segment
(from policy inception, for the first segment) to the end of the latest policy
year as determined below. All
calculations are made using the 1980 CSO valuation tables as defined in Ins
3503.01(f), (or any other valuation mortality table adopted by the National
Association of Insurance Commissioner (NAIC) after the 2017 effective date of this
rule and promulgated by rule by the commissioner for this purpose), and, if
elected, the optional minimum mortality standard for deficiency reserves
stipulated in Ins 3505.02 of this rule.
(1) The length of a particular contract segment
shall be set equal to the minimum of the value t for which Gt is greater
than Rt (if Gt
never exceeds Rt
the segment length is deemed to be
the number of years from the beginning of the segment to the mandatory
expiration date of the policy), where Gt
and Rt
are defined as follows:
Gt = GPx+k+t
GPx+k+t-1
where:
x =
original issue age;
k =
the number of years from the date of issue to the beginning of
the segment;
t =
1,2,....; t is reset to 1 at the beginning of each segment;
GPx+k+t-1 = Guaranteed gross
premium per thousand of face amount for year t of the segment,
ignoring policy fees only if level
for the premium paying period of the policy.
Rt = qx+k+t
qx+k+t-1 , However, Rt may be increased or decreased by one percent
in any policy year, at the
company’s option, but Rt ,
shall not be
less than one;
where:
x, k and t are as defined
above, and
qx+k+t-1 = valuation mortality rate for deficiency reserves in policy
year k+t
but using the mortality of Ins
3504.02(a)(2) if Ins 3504.02(a)(3) is elected for deficiency reserves.
However, if GPx+k+t is
greater than 0 and GPx+k+t-1 is equal to 0, Gt
shall be deemed to be 1000. If GPx+k+t and GPx+k+t-1 are both equal
to 0, Gt shall be deemed to be 0.
(c) “Deficiency
reserves” means the excess, if greater than zero, of:
(1) Minimum reserves calculated in accordance
with RSA 410:7, Standard Valuation Law, over
(2) Basic reserves.
(d) “Guaranteed
gross premiums” means the premiums under a policy of life insurance that are
guaranteed and determined at issue.
(e) “Maximum valuation
interest rates” means the interest rates in RSA 410:3-b, Standard Valuation
Law, (Interest Rates), that are to be used in determining the minimum standard
for the valuation of life insurance policies.
(f)
“1980 CSO valuation tables” means the Commissioners’ 1980 Standard
Ordinary Mortality Table (1980 CSO Table) without ten-year selection factors,
incorporated into the 1980 amendments to the NAIC Standard Valuation Law, and
variations of the 1980 CSO Table approved by the NAIC, such as the smoker and nonsmoker
versions approved in December 1983.
These tables are available as referenced in Appendix B.
(g) “Scheduled gross
premium” means the smallest illustrated gross premium at issue for other than
universal life insurance policies. For
universal life insurance policies, scheduled gross premium means the smallest
specified premium described in Ins 3506.01(c), if any, or else the minimum
premium described in Ins 3506.01(d).
(h) “Segmented
reserves” means reserves, calculated using segments produced by the contract
segmentation method, equal to the present value of all future guaranteed
benefits less the present value of all future net premiums to the mandatory
expiration of a policy, where the net premiums within each segment are a
uniform percentage of the respective guaranteed gross premiums within the
segment and:
(1) The uniform percentage for each segment is
such that, at the beginning of the segment, the present value of the net
premiums within the segment equals:
a. The present value of the death benefits within the
segment, plus;
b. The present value of any unusual guaranteed cash value
(see Ins 3505.04) occurring at the end of the segment, less;
c. Any unusual guaranteed cash value occurring at the
start of the segment, plus;
d. For the first segment only, the excess of Item a. over
Item b. as follows:
1. A net level annual premium equal to the
present value, at the date of issue, of the benefits provided for in the first
segment after the first policy year, divided by the present value, at the date
of issue, of an annuity of one per year payable on the first and each
subsequent anniversary within the first segment on which a premium falls
due. However, the net level annual
premium shall not exceed the net level annual premium on the nineteen-year
premium whole life plan of insurance of the same renewal year equivalent level
amount at an age one year higher than the age at issue of the policy; and
2. A net one year term premium for the benefits
provided for in the first policy year;
(2) The length of each segment is determined by
the “contract segmentation method”, as defined in this section;
(3) The interest rates used in the present value
calculations for any policy may not exceed the maximum valuation interest rate,
determined with a guarantee duration equal to the sum of the lengths of all
segments of the policy; and
(4) For both basic reserves and deficiency
reserves computed by the segmented method, present values shall include future
benefits and net premiums in the current segment and in all subsequent
segments.
(i) “Tabular cost of insurance” means the next
single premium at the beginning of a policy year for one-year term insurance in
the amount of the guaranteed death benefit in that policy year.
(j) “Ten-year select
factors” means the select factors adopted with the 1980 amendments to the NAIC
Standard Valuation Law.
(k) “Unitary
reserves” means the present value of all future guaranteed benefits less the
present value of all future modified net premiums, where:
(1) Guaranteed benefits and modified net premiums
are considered to the mandatory expiration of the policy;
(2) Modified net premiums are a uniform
percentage of the respective guaranteed gross premiums, where the uniform
percentage is such that, at issue, the present value of the net premiums equals
the present value of all death benefits and pure endowments, plus the excess of
Item a. over Item b., as follows:
a. A net level annual premium equal to the
present value, at the date of issue, of the benefits provided for after the
first policy year, divided by the present value, at the date of issue, of an
annuity of one per year payable on the first and each subsequent anniversary of
the policy on which a premium falls due.
However, the net level annual premium shall not exceed the net level
annual premium on the nineteen-year premium whole life plan of insurance of the
same renewal year equivalent level amount at an age one year higher than the
age at issue of the policy; and
b. A net one year term premium for the benefits provided
for in the first policy year; and
(3) The interest rates used in the present value
calculations for any policy may not exceed the maximum valuation interest rate,
determined with a guarantee duration equal to the length
from issue to the mandatory expiration of the policy.
(l) “Universal life
insurance policy” means any individual life insurance policy under the
provisions of which separately identified interest credits (other than in
connection with dividend accumulations, premium deposit funds, or other
supplementary accounts) and mortality or expense charges are made to the
policy.
Source. #7419, eff 7-1-01; ss by #9516, eff 7-25-09; ss by #12219, eff 7-25-17
PART Ins 3504 GENERAL CALCULATION REQUIREMENTS FOR
BASIC RESERVES AND
PREMIUM DEFICIENCY RESERVES
Ins 3504.01 Basic Reserves Calculation
Requirements.
(a) At the election
of the company for any one or more specified plans of life insurance, the
minimum mortality standard for basic reserves may be calculated using the 1980
CSO valuation tables with select mortality factors (or any other valuation
mortality table adopted by the NAIC after the 2017 effective date of this rule
and promulgated by rule by the commissioner for this purpose). If select mortality factors are elected, they
may be:
(1) The ten-year select mortality factors
incorporated into the 1980 amendments to the NAIC Standard Valuation Law,
available as referenced in Appendix B;
(2) The select mortality factors in Appendix 1;
or
(3) Any other table of select mortality factors
adopted by the NAIC after the 2017 effective date of this rule and promulgated
by rule by the commissioner for the purpose of calculating basic reserves.
Source. #7419, eff 7-1-01; ss by #9516, eff 7-25-09; ss by #12219, eff 7-25-17
Ins 3504.02 Deficiency Reserves
Calculation Requirements.
(a) Deficiency
reserves, if any, are calculated for each policy as the excess, if greater than
zero, of the quantity A over the basic reserve. The quantity A is obtained by recalculating
the basic reserve for the policy using guaranteed gross premiums instead of net
premiums when the guaranteed gross premiums are less than the corresponding net
premiums. At the election of the company
for any one or more specified plans of insurance, the quantity A and the
corresponding net premiums used in the determination of quantity A may be based
upon the 1980 CSO valuation tables with select mortality factors (or any other
valuation mortality table adopted by the NAIC after the 2017 effective date of
this rule and promulgated by rule by the commissioner). If selected mortality factors are elected,
they may be:
(1) The ten-year select mortality factors
incorporated into the 1980 amendments to the NAIC Standard Valuation Law;
(2) The select mortality factors in Appendix 1 of
this rule;
(3) For durations in the first segment, X percent
of the select mortality factors in Appendix 1, subject to the following:
a. X may vary by policy year, policy form, underwriting
classification, issue age, or any other policy factor expected to affect
mortality experience;
b. X shall not be less than twenty percent (20%);
c. X shall not decrease in any successive policy years;
d. X is such that, when using the valuation interest
rate used for basic reserves, Item 1. is greater than
or equal to Item 2.:
1. The actuarial present value of future death
benefits, calculated using the mortality rates resulting from the application
of X;
and
2. The actuarial present value of future death
benefits calculated using anticipated mortality experience without recognition
of mortality improvement beyond the valuation date;
e. X is such that the mortality rates resulting
from the application of X are at least as great as the anticipated mortality
experience, without recognition of mortality improvement beyond the valuation
date, in each of the first five (5) years after the valuation date;
f. The appointed actuary shall increase X at any valuation
date where it is necessary to continue to meet all the requirements of Ins 3504.02(a)(3);
g. The appointed actuary may decrease X at any
valuation date as long as X does not decrease in any successive policy years
and as long as it continues to meet all the requirements of Ins 3504.02(a)(3);
h. The appointed actuary shall specifically take into
account the adverse effect on expected mortality and lapsation
of any anticipated or actual increase in gross premiums; and
i. If X is less than 100 percent
at any duration for any policy, the following requirements shall be met:
1. The appointed actuary
shall annually prepare an actuarial opinion and memorandum for the company in
conformance with the requirements of Ins 2400,
Actuarial Opinion and Memorandum;
2. The appointed actuary shall disclose, in the
Regulatory Asset-Adequacy Issues Summary, the impact of the insufficiency of
assets to support the payment of benefits and expenses and the establishment of
statutory reserves during one or more interim periods; and
3. The appointed actuary shall annually opine
for all policies subject to this rule as to whether the mortality rates
resulting from the application of X meet the requirements of Ins 3504.02(a)(3). This opinion
shall be supported by an actuarial report, subject to appropriate Actuarial
Standards of Practice promulgated by the Actuarial Standards Board of American
Academy of Actuaries and available as referenced in Appendix B. The X factors shall reflect anticipated
future mortality, without recognition of mortality improvement beyond the valuation
date, taking into account relevant emerging experience; and
(4) Any other table of select mortality factors
adopted by the NAIC after the 2017 effective date of this rule and promulgated
by rule by the commissioner for the purpose of calculating deficiency reserves.
Source. #7419, eff 7-1-01; ss by #9516, eff 7-25-09; ss by #12219, eff 7-25-17
Ins 3504.03 Other Calculation
Requirements.
(a) This subsection
applies to both basic reserves and deficiency reserves. Any set of select mortality factors may be
used only for the first segment.
However, if the first segment is less than ten (10) years, the
appropriate ten-year select mortality factors incorporated into the 1980
amendments to the NAIC Standard Valuation Law may be used thereafter through
the tenth policy year from the date of issue.
(b) In determining
basic reserves or deficiency reserves, guaranteed gross premiums without policy
fees may be used where the calculation involves the guaranteed gross premium
but only if the policy fee is a level dollar amount after the first policy
year. In determining deficiency
reserves, policy fees may be included in guaranteed gross premiums, even if not
included in the actual calculation of basic reserves.
(c) Reserves for
policies that have changes to guaranteed gross premiums, guaranteed benefits,
guaranteed charges, or guaranteed credits that are unilaterally made by the
insurer after issue and that are effective for more than one year after the
date of the change shall be the greatest of the following:
(1) Reserves calculated ignoring the guarantee;
(2) Reserves assuming the guarantee was made at
issue; and
(3) Reserves assuming that the policy was issued
on the date of the guarantee.
(d) The commissioner
may require that the company document the extent of the adequacy of reserves
for specified blocks, including but not limited to policies issued prior to the
2017 effective date of this rule. This
documentation may include a demonstration of the extent to which aggregation
with other non-specified blocks of business is relied upon in the formation of
the appointed actuary opinion pursuant to and consistent with the requirements
of Ins 2400, Actuarial Opinion and
Memorandum.
Source. #7419, eff 7-1-01; ss by #9516, eff 7-25-09; ss by #12219, eff 7-25-17
PART Ins 3505 CALCULATION OF MINIMUM VALUATION
STANDARD FOR POLICIES WITH
GUARANTEED NONLEVEL GROSS
PREMIUMS OR GUARANTEED
NONLEVEL BENEFITS (OTHER
THAN UNIVERSAL LIFE POLICIES)
Ins 3505.01 Calculation of Basic
Reserves.
(a) Basic reserves
shall be calculated as the greater of the segmented reserves and the unitary
reserves. Both the segmented reserves
and the unitary reserves for any policy shall use the same valuation mortality
table and selection factors. At the
option of the insurer, in calculating segmented reserves and net premiums,
either of the adjustments described in paragraph (1) or (2) below may be made:
(1) Treat the unitary reserve, if greater than
zero, applicable at the end of each segment as a pure endowment and subtract
the unitary reserve, if greater than zero, applicable at the beginning of each
segment from the present value of guaranteed life insurance and endowment
benefits for each segment; or
(2) Treat the guaranteed cash surrender value, if
greater than zero, applicable at the end of each segment as a pure endowment
and subtract the guaranteed cash surrender value, if greater than zero,
applicable at the beginning of each segment from the present value of
guaranteed life insurance and endowment benefits for each segment.
Source. #7419, eff 7-1-01; ss by #9516, eff 7-25-09; ss by #12219, eff 7-25-17
Ins 3505.02 Calculation of Deficiency
Reserves.
(a) The deficiency
reserve at any duration shall be calculated:
(1) On a unitary basis if the corresponding basic
reserve determined by Ins 3505.01 is unitary;
(2) On a segmented basis if the corresponding
basic reserve determined by Ins 3505.01 is segmented; or
(3) On the segmented basis if the corresponding
basic reserve determined by Ins 3506.01 is equal to both the segmented reserve
and the unitary reserve.
(b) This subsection
shall apply to any policy for which the guaranteed gross premium at any
duration is less than the corresponding net premium calculated by the method
used in determining the basic reserves, but using the minimum valuation
standards of mortality (specified in Ins 3504.01) and rate of interest.
(c) Deficiency
reserves, if any, shall be calculated for each policy as the excess, if greater
than zero, for the current and all remaining periods, of the quantity A over
the basic reserve, where A is obtained as indicated in Ins 3504.01.
(d) For deficiency
reserves determined on a segmented basis, the quantity A is determined using
segment lengths equal to those determined for segmented basic reserves.
Source. #7419, eff 7-1-01; ss by #9516, eff 7-25-09; ss by #12219, eff 7-25-17
Ins 3505.03 Minimum
Value. Basic reserves may not be
less than the tabular cost of insurance for the balance of the policy year, if
mean reserves are used. Basic reserves
may not be less than the tabular cost of insurance for the balance of the
current modal period or to the paid-to-date, if later, but not beyond the next
policy anniversary, if mid-terminal reserves are used. The tabular cost of insurance shall use the
same valuation mortality table and interest rates as that used for the
calculation of the segmented reserves.
However, if select mortality factors are used, they shall be the
ten-year select factors incorporated into the 1980 amendments of the NAIC
Standard Valuation Law. In no case may
total reserves (including basic reserves, deficiency reserves and any reserves
held for supplemental benefits that would expire upon contract termination) be
less than the amount that the policyowner would
receive (including the cash surrender value of the supplemental benefits, if
any, referred to above), exclusive of any deduction for policy loans, upon
termination of the policy.
Source. #7419, eff 7-1-01; ss by #9516, eff 7-25-09; ss by #12219, eff 7-25-17
Ins 3505.04 Unusual Pattern of
Guaranteed Cash Surrender Values.
(a) For any policy
with an unusual pattern of guaranteed cash surrender values, the reserves
actually held prior to the first unusual guaranteed cash surrender value shall
not be less than the reserves calculated by treating the first unusual
guaranteed cash surrender value as a pure endowment and treating the policy as
an n year policy providing term
insurance plus a pure endowment equal to the unusual cash surrender value,
where n is the number of years from
the date of issue to the date the unusual cash surrender value is scheduled.
(b) The reserves
actually held subsequent to any unusual guaranteed cash surrender value shall
not be less than the reserves calculated by treating the policy as an n year policy providing term insurance
plus a pure endowment equal to the next unusual guaranteed cash surrender
value, and treating any unusual guaranteed cash surrender value at the end of
the prior segment as a net single premium, where
(1) n is the number of
years from the date of the last unusual guaranteed cash surrender value prior
to the valuation date to the earlier of:
a. The date of the next unusual guaranteed cash surrender
value, if any, that is scheduled after the valuation date; or
b. The mandatory expiration date of the policy; and
(2) The net premium for a given year during the n year period is equal to the product of
the net to gross ratio and the respective gross premium; and
(3) The net to gross ratio is equal to Item a.
divided by Item b. as follows:
a. The present value, at the beginning of the n year period, of death benefits payable
during the n year period plus the
present value, at the beginning of the n
year period, of the next unusual guaranteed cash surrender value, if any, minus
the amount of the least unusual guaranteed cash surrender value, if any,
scheduled at the beginning of the n year
period; and
b. The present value, at the beginning of the n year period, of the scheduled gross
premiums payable during the n year
period.
(c) For purposes of
this subsection, a policy is considered to have an unusual pattern of
guaranteed cash surrender values if any future guaranteed cash surrender value
exceeds the prior year’s guaranteed cash surrender value by more than the sum
of:
(1) One hundred ten percent (110%) of the
scheduled gross premium for that year;
(2) One hundred ten percent (110%) of one year’s
accrued interest on the sum of the prior year’s guaranteed cash surrender value
and the scheduled gross premium using the nonforfeiture
interest rate used for calculating policy guaranteed cash surrender values; and
(3) Five percent (5%) of the first policy year
surrender charge, if any.
Source. #7419, eff
7-1-01; ss by #9516, eff 7-25-09; ss by #12219, eff
7-25-17
Ins 3505.05 Optional Exemption for
Yearly Renewable Term Reinsurance.
(a) At the option of
the company, the following approach for reserves on YRT reinsurance may be
used:
(1) Calculate the valuation net premium for each
future policy year as the tabular cost of insurance for that future year;
(2) Basic reserves shall never be less than the
tabular cost of insurance for the appropriate period, as defined in Ins
3505.03;
(3) Deficiency reserves:
a. For each policy year, calculate the excess, if greater
than zero, of the valuation net premium over the respective maximum guaranteed
gross premium; and
b. Deficiency reserves shall never be
less than the sum of the present values, at the date of valuation, of the excesses
determined in accordance with subparagraph a. above;
(4) For purposes of this subsection, the
calculations use the maximum valuation interest rate and the 1980 CSO mortality
tables with or without ten-year select mortality factors, or any other table
adopted after the 2017 effective date of this rule by the NAIC and promulgated
by rule by the commissioner for this purpose;
(5) A reinsurance agreement shall be considered
YRT reinsurance for purposes of this subsection if only the mortality risk is reinsured;
and
(6) If the assuming company chooses this optional
exemption, the ceding company’s reinsurance reserve credit shall be limited to
the amount of reserve held by the assuming company for the affected policies.
Source. #7419, eff
7-1-01; ss by #9516, eff 7-25-09; ss by #12219, eff
7-25-17
Ins 3505.06 Optional Exemption for Attained-Age-Based
Yearly Renewable Term Life Insurance Policies.
(a) At the option of
the company, the following approach for reserves for attained-age-based YRT
life insurance policies may be used:
(1) Calculate the valuation net premium for each
future policy year as the tabular cost of insurance for that future year;
(2) Basic reserves shall never be less than the
tabular cost of insurance for the appropriate period, as defined in Ins
3505.03;
(3) Deficiency reserves:
a. For each policy year, calculate the excess, if greater
than zero, of the valuation net premium over the respective maximum guaranteed
gross premium; and
b. Deficiency reserves shall never be
less than the sum of the present values, at the date of valuation, of the
excesses determined in accordance with subparagraph a. above;
(4) For purposes of this subsection, the
calculations use the maximum valuation interest rate and the 1980 CSO valuation
tables with or without ten-year select mortality factors, or any other table
adopted after the 2017 effective date of this rule by the NAIC and promulgated
by rule by the commissioner for this purpose;
(5) A policy shall be considered an attained-age-based
YRT life insurance policy for purposes of this subsection if:
a. The premium rates (on both the initial
current premium scale and the guaranteed maximum premium scale) are based upon
the attained age of the insured such that the rate for any given policy at a
given attained age of the insured is independent of the year the policy was
issued; and
b. The premium rates (on both the initial
current premium scale and the guaranteed maximum premium scale) are the same as
the premium rates for policies covering all insureds
of the same sex, risk class, plan of insurance and attained age;
(6) For policies that become attained-age-based
YRT policies after an initial period of coverage, the approach of this
subsection may be used after the initial period if:
a. The initial period is constant for all insureds of the same sex, risk class and plan of insurance;
or
b. The initial period runs to a common attained age for
all insureds of the same sex, risk class and plan of
insurance; and
c. After the initial period of coverage, the policy
meets the conditions of subparagraph (5) above; and
(7) If this election is made, this approach shall
be applied in determining reserves for all attained-age-based YRT life
insurance policies issued on or after the 2017 effective date of this rule.
Source. #7419, eff
7-1-01; ss by #9516, eff 7-25-09; ss by #12219, eff
7-25-17
Ins 3505.07 Exemption from Unitary
Reserves for Certain n-Year Renewable
Term Life Insurance Policies.
(a) Unitary basic
reserves and unitary deficiency reserves need not be calculated for a policy if
the following conditions are met:
(1) The policy consists of a series of n-year periods, including the first
period and all renewal periods, where n
is the same for each period, except that for the final renewal period, n may be truncated or extended to reach
the expiry age, provided that this final renewal period is less than 10 years
and less than twice the size of the earlier n-year
periods, and for each period, the premium rates on both the initial current
premium scale and the guaranteed maximum premium scale are level;
(2) The guaranteed gross premiums in all n-year periods are not less than the
corresponding net premiums based upon the 1980 CSO Table with or without the
ten-year select mortality factors; and
(3) There are no cash surrender values in any
policy year.
Source. #7419, eff
7-1-01; ss by #9516, eff 7-25-09; ss by #12219, eff
7-25-17
Ins 3505.08 Exemption from Unitary
Reserves for Certain Juvenile Policies.
(a) Unitary basic
reserves and unitary deficiency reserves need not be calculated for a policy if
the following conditions are met, based upon the
initial current premium scale at issue:
(1) At issue, the insured is age twenty-four (24)
or younger;
(2) Until the insured reaches the end of the
juvenile period, which shall occur at or before age twenty-five (25), the gross
premiums and death benefits are level, and there are no cash surrender values;
and
(3) After the end of the juvenile period, gross
premiums are level for the remainder of the premium paying period, and death
benefits are level for the remainder of the life of the policy.
Source. #7419, eff 7-1-01; ss by #9516, eff 7-25-09; ss
by #12219, eff 7-25-17
PART
Ins 3506 CALCULATION
OF MINIMUM VALUATION STANDARD FOR FLEXIBLE PREMIUM AND FIXED PREMIUM UNIVERSAL
LIFE INSURANCE POLICIES THAT CONTAIN PROVISIONS RESULTING IN THE ABILITY OF A
POLICYOWNER TO KEEP A POLICY IN FORCE OVER A SECONDARY GUARANTEE PERIOD
Ins 3506.01 General Provisions.
(a) Policies with a
secondary guarantee include:
(1) A policy with a guarantee that the policy
will remain in force at the original schedule of benefits, subject only to the
payment of specified premiums;
(2) A policy in which the minimum premium at any
duration is less than the corresponding one year valuation premium, calculated
using the maximum valuation interest rate and the 1980 CSO valuation tables
with or without ten-year select mortality factors, or any other table adopted
after the 2017 effective date of this rule by the NAIC and promulgated by rule
by the commissioner for this purpose; or
(3) A policy with any combination of
subparagraphs (1) and (2) above.
(b) A secondary
guarantee period is the period for which the policy is guaranteed to remain in
force subject only to a secondary guarantee.
When a policy contains more than one secondary guarantee, the minimum
reserve shall be the greatest of the respective minimum reserves at that
valuation date of each unexpired secondary guarantee, ignoring all other
secondary guarantees. Secondary
guarantees that are unilaterally changed by the insurer after issue shall be
considered to have been made at issue.
Reserves described in Ins 3506.02 and Ins 3506.03 below shall be
recalculated from issue to reflect these changes.
(c) Specified
premiums mean the premiums specified in the policy, the payment of which
guarantees that the policy will remain in force at the original schedule of
benefits, but which otherwise would be insufficient to keep the policy in force
in the absence of the guarantee if maximum mortality and expense charges and
minimum interest credits were made and any applicable surrender charges were
assessed.
(d) For purposes of
this section, the minimum premium for any policy year is the premium that, when
paid into a policy with a zero account value at the beginning of the policy
year, produces a zero account value at the end of the policy year. The minimum premium calculation shall use the
policy cost factors (including mortality charges, loads and expense charges)
and the interest crediting rate, which are all guaranteed at issue.
(e) The one-year
valuation premium means the net one-year premium based upon the original
schedule of benefits for a given policy year.
The one-year valuation premiums for all policy years are calculated at
issue. The select mortality factors
defined in Ins 3504.02(a)(2), Ins 3504.02(a)(3), and
Ins 3504.02(a)(4) may not be used to calculate the one-year valuation premiums.
(f) The one-year
valuation premium should reflect the frequency of fund processing, as well as
the distribution of deaths assumption employed in the calculation of the
monthly mortality charges to the fund.
Source. #7419, eff 7-1-01; ss by # 9516, eff 7-25-09;
ss by #12219, eff 7-25-17
Ins 3506.02 Basic Reserves for the
Secondary Guarantees. Basic reserves
for the secondary guarantees shall be the segmented reserves for the secondary
guarantee period. In calculating the
segments and the segmented reserves, the gross premiums shall be set equal to
the specified premiums, if any, or otherwise to be minimum premiums, that keep
the policy in force and the segments will be determined according to the
contract segmentation method as defined in Ins 3503.01(b).
Source. #7419, eff 7-1-01; ss by # 9516, eff 7-25-09;
ss by #12219, eff 7-25-17
Ins 3506.03 Deficiency Reserves for the
Secondary Guarantees. Deficiency
reserves, if any, for the secondary guarantees shall be calculated for the
secondary guarantee period in the same manner as described in Ins 3505.02 with
gross premiums set equal to the specified premiums, if any, or otherwise to the
minimum premiums that keep the policy in force.
Source. #7419, eff 7-1-01; ss by # 9516, eff 7-25-09;
ss by #12219, eff 7-25-17
Ins 3506.04 Minimum Reserves.
(a) The minimum
reserves during the secondary guarantee period are the greater of:
(1) The basic reserves for the secondary
guarantee plus the deficiency reserve, if any, for the secondary guarantees; or
(2) The minimum reserves required by other rules
or rules governing universal life plans.
Source. #7419, eff
7-1-01; ss by # 9516, eff 7-25-09; ss by #12219, eff
7-25-17
APPENDIX 1
SELECT MORTALITY FACTORS
This appendix contains
tables of select mortality factors that are the bases to which the respective
percentage of Ins 3504.01 (a) (2), Ins 3504.02 (a) (2), and Ins 3504.02 (a) (3)
are applied.
The six tables of select
mortality factors contained herein include:
(1) male
aggregate,
(2) male
nonsmoker,
(3) male
smoker,
(4) female
aggregate,
(5) female
nonsmoker, and
(6) female
smoker.
These tables apply to both
age last birthday and age nearest birthday mortality tables.
For sex-blended mortality
tables, compute select mortality factors in the same proportion as the
underlying mortality. For example, for
the 1980 CSO-B Table, the calculated select mortality factors are eighty
percent (80%) of the appropriate male table in this Appendix, plus twenty
percent (20%) of the appropriate female table in this Appendix.
Appendix
SELECT MORTALITY FACTORS
Male, Aggregate
Issue Duration
|
Age |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
15 |
16 |
17 |
18 |
19 |
20+ |
|
0-15 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
16 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
17 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
18 |
96 |
98 |
98 |
99 |
99 |
100 |
100 |
90 |
92 |
92 |
92 |
92 |
93 |
93 |
96 |
97 |
98 |
98 |
99 |
100 |
|
19 |
83 |
84 |
84 |
87 |
87 |
87 |
79 |
79 |
79 |
81 |
81 |
82 |
82 |
82 |
85 |
88 |
91 |
94 |
97 |
100 |
|
20 |
69 |
71 |
71 |
74 |
74 |
69 |
69 |
67 |
69 |
70 |
71 |
71 |
71 |
71 |
74 |
79 |
84 |
90 |
95 |
100 |
|
21 |
66 |
68 |
69 |
71 |
66 |
66 |
67 |
66 |
67 |
70 |
70 |
70 |
70 |
71 |
71 |
77 |
83 |
88 |
94 |
100 |
|
22 |
65 |
66 |
66 |
63 |
63 |
64 |
64 |
64 |
65 |
68 |
68 |
68 |
68 |
69 |
71 |
77 |
83 |
88 |
94 |
100 |
|
23 |
62 |
63 |
59 |
60 |
62 |
62 |
63 |
63 |
64 |
65 |
65 |
67 |
67 |
69 |
70 |
76 |
82 |
88 |
94 |
100 |
|
24 |
60 |
56 |
56 |
59 |
59 |
60 |
61 |
61 |
61 |
64 |
64 |
64 |
66 |
67 |
70 |
76 |
82 |
88 |
94 |
100 |
|
25 |
52 |
53 |
55 |
56 |
58 |
58 |
60 |
60 |
60 |
63 |
62 |
63 |
64 |
67 |
69 |
75 |
81 |
88 |
94 |
100 |
|
26 |
51 |
52 |
55 |
56 |
58 |
58 |
57 |
61 |
61 |
62 |
63 |
64 |
66 |
69 |
66 |
73 |
80 |
86 |
93 |
100 |
|
27 |
51 |
52 |
55 |
57 |
58 |
60 |
61 |
61 |
60 |
63 |
63 |
64 |
67 |
66 |
67 |
74 |
80 |
86 |
93 |
100 |
|
28 |
49 |
51 |
56 |
58 |
60 |
60 |
61 |
62 |
62 |
63 |
64 |
66 |
65 |
66 |
68 |
74 |
81 |
87 |
94 |
100 |
|
29 |
49 |
51 |
56 |
58 |
60 |
61 |
62 |
62 |
62 |
64 |
64 |
62 |
66 |
67 |
70 |
76 |
82 |
88 |
94 |
100 |
|
30 |
49 |
50 |
56 |
58 |
60 |
60 |
62 |
63 |
63 |
64 |
62 |
63 |
67 |
68 |
71 |
77 |
83 |
88 |
94 |
100 |
|
31 |
47 |
50 |
56 |
58 |
60 |
62 |
63 |
64 |
64 |
62 |
63 |
66 |
68 |
70 |
72 |
78 |
83 |
89 |
94 |
100 |
|
32 |
46 |
49 |
56 |
59 |
60 |
62 |
63 |
66 |
62 |
63 |
66 |
67 |
70 |
72 |
73 |
78 |
84 |
89 |
95 |
100 |
|
33 |
43 |
49 |
56 |
59 |
62 |
63 |
64 |
62 |
65 |
66 |
67 |
70 |
72 |
73 |
75 |
80 |
85 |
90 |
95 |
100 |
|
34 |
42 |
47 |
56 |
60 |
62 |
63 |
61 |
63 |
66 |
67 |
70 |
71 |
73 |
75 |
76 |
81 |
86 |
90 |
95 |
100 |
|
35 |
40 |
47 |
56 |
60 |
63 |
61 |
62 |
65 |
67 |
68 |
71 |
73 |
74 |
76 |
76 |
81 |
86 |
90 |
95 |
100 |
|
36 |
38 |
42 |
56 |
60 |
59 |
61 |
63 |
65 |
67 |
68 |
70 |
72 |
74 |
76 |
77 |
82 |
86 |
91 |
95 |
100 |
|
37 |
38 |
45 |
56 |
57 |
61 |
62 |
63 |
65 |
67 |
68 |
70 |
72 |
74 |
76 |
76 |
81 |
86 |
90 |
95 |
100 |
|
38 |
37 |
44 |
53 |
58 |
61 |
62 |
65 |
66 |
67 |
69 |
69 |
73 |
75 |
76 |
77 |
82 |
86 |
91 |
95 |
100 |
|
39 |
37 |
41 |
53 |
58 |
62 |
63 |
65 |
66 |
67 |
68 |
69 |
72 |
74 |
76 |
76 |
81 |
86 |
90 |
95 |
100 |
|
40 |
34 |
40 |
53 |
58 |
62 |
63 |
65 |
65 |
66 |
68 |
68 |
71 |
75 |
76 |
77 |
82 |
86 |
91 |
95 |
100 |
Male, Aggregate
Issue Duration
|
Age |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
15 |
16 |
17 |
18 |
19 |
20+ |
|
41 |
34 |
41 |
53 |
58 |
62 |
63 |
65 |
64 |
64 |
66 |
68 |
70 |
74 |
76 |
77 |
82 |
86 |
91 |
95 |
100 |
|
42 |
34 |
43 |
53 |
58 |
61 |
62 |
63 |
63 |
63 |
64 |
66 |
69 |
72 |
75 |
77 |
82 |
86 |
91 |
85 |
100 |
|
43 |
34 |
43 |
54 |
59 |
60 |
61 |
63 |
62 |
62 |
64 |
66 |
67 |
72 |
74 |
77 |
82 |
86 |
91 |
95 |
100 |
|
44 |
34 |
44 |
54 |
58 |
59 |
60 |
61 |
60 |
61 |
62 |
64 |
67 |
71 |
74 |
77 |
82 |
86 |
91 |
95 |
100 |
|
45 |
34 |
45 |
53 |
58 |
59 |
60 |
60 |
60 |
59 |
60 |
63 |
66 |
71 |
74 |
77 |
82 |
86 |
91 |
95 |
100 |
|
46 |
31 |
43 |
52 |
56 |
57 |
58 |
59 |
59 |
59 |
60 |
63 |
67 |
71 |
74 |
75 |
80 |
85 |
90 |
95 |
100 |
|
47 |
32 |
42 |
50 |
53 |
55 |
56 |
57 |
58 |
59 |
60 |
65 |
68 |
71 |
74 |
75 |
80 |
85 |
90 |
95 |
100 |
|
48 |
32 |
41 |
47 |
52 |
54 |
56 |
57 |
57 |
57 |
61 |
65 |
68 |
72 |
73 |
74 |
79 |
84 |
90 |
95 |
100 |
|
49 |
30 |
40 |
46 |
49 |
52 |
54 |
55 |
56 |
57 |
61 |
66 |
69 |
72 |
73 |
74 |
79 |
84 |
90 |
95 |
100 |
|
50 |
30 |
38 |
44 |
47 |
51 |
53 |
54 |
56 |
57 |
61 |
66 |
71 |
72 |
73 |
75 |
80 |
85 |
90 |
95 |
100 |
|
51 |
28 |
37 |
42 |
46 |
49 |
53 |
54 |
56 |
57 |
61 |
66 |
71 |
72 |
73 |
75 |
80 |
85 |
90 |
95 |
100 |
|
52 |
28 |
35 |
41 |
45 |
49 |
51 |
54 |
56 |
57 |
61 |
66 |
71 |
72 |
74 |
75 |
80 |
85 |
90 |
100 |
100 |
|
53 |
27 |
35 |
39 |
44 |
48 |
51 |
53 |
55 |
57 |
61 |
67 |
71 |
74 |
75 |
76 |
81 |
86 |
100 |
100 |
100 |
|
54 |
27 |
33 |
38 |
33 |
48 |
50 |
53 |
55 |
57 |
61 |
67 |
72 |
74 |
75 |
76 |
81 |
100 |
100 |
100 |
100 |
|
55 |
25 |
32 |
37 |
43 |
47 |
59 |
53 |
55 |
57 |
61 |
68 |
72 |
74 |
75 |
78 |
100 |
100 |
100 |
100 |
100 |
|
56 |
25 |
32 |
37 |
43 |
47 |
49 |
51 |
54 |
56 |
61 |
67 |
70 |
73 |
74 |
100 |
100 |
100 |
100 |
100 |
100 |
|
57 |
24 |
31 |
38 |
43 |
47 |
49 |
51 |
54 |
56 |
59 |
66 |
69 |
72 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
58 |
24 |
31 |
38 |
43 |
48 |
48 |
50 |
53 |
56 |
59 |
64 |
67 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
59 |
23 |
30 |
39 |
43 |
48 |
48 |
51 |
53 |
55 |
58 |
63 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
60 |
23 |
30 |
39 |
43 |
48 |
47 |
50 |
52 |
53 |
57 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
61 |
23 |
30 |
39 |
43 |
49 |
49 |
50 |
52 |
53 |
75 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
62 |
23 |
30 |
39 |
44 |
49 |
49 |
51 |
52 |
75 |
75 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
63 |
22 |
30 |
39 |
45 |
50 |
50 |
52 |
75 |
75 |
75 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
64 |
22 |
30 |
39 |
45 |
50 |
51 |
75 |
75 |
75 |
75 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
65 |
22 |
30 |
39 |
45 |
50 |
65 |
70 |
70 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
66 |
22 |
30 |
39 |
45 |
60 |
65 |
70 |
70 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
67 |
22 |
30 |
39 |
60 |
60 |
65 |
70 |
70 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
68 |
23 |
32 |
55 |
60 |
60 |
65 |
70 |
70 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
69 |
23 |
52 |
55 |
60 |
60 |
65 |
70 |
70 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
70 |
48 |
52 |
55 |
60 |
60 |
65 |
70 |
70 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
Male, Aggregate
Issue Duration
|
Age |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
15 |
16 |
17 |
18 |
19 |
20+ |
|
71 |
48 |
52 |
55 |
60 |
60 |
65 |
70 |
70 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
72 |
48 |
52 |
55 |
60 |
60 |
65 |
70 |
70 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
73 |
48 |
52 |
55 |
60 |
60 |
65 |
70 |
70 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
74 |
48 |
52 |
55 |
60 |
60 |
65 |
70 |
70 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
75 |
48 |
52 |
55 |
60 |
60 |
65 |
70 |
70 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
76 |
48 |
52 |
55 |
60 |
60 |
65 |
70 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
77 |
48 |
52 |
55 |
60 |
60 |
65 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
78 |
48 |
52 |
55 |
60 |
60 |
65 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
79 |
48 |
52 |
55 |
60 |
60 |
65 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
80 |
48 |
52 |
55 |
60 |
60 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
81 |
48 |
52 |
55 |
60 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
82 |
48 |
52 |
55 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
83 |
48 |
52 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
84 |
48 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
85+ |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
Male, Non-Smoker
Issue Duration
|
Age |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
15 |
16 |
17 |
18 |
19 |
20+ |
|
0-15 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
16 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
17 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
18 |
93 |
95 |
96 |
98 |
99 |
100 |
100 |
90 |
92 |
92 |
92 |
92 |
95 |
95 |
96 |
97 |
98 |
98 |
99 |
100 |
|
19 |
80 |
81 |
83 |
86 |
87 |
87 |
79 |
79 |
79 |
81 |
81 |
82 |
83 |
83 |
86 |
89 |
92 |
94 |
97 |
100 |
|
20 |
65 |
68 |
69 |
72 |
74 |
69 |
69 |
67 |
69 |
70 |
71 |
71 |
72 |
72 |
75 |
80 |
85 |
90 |
95 |
100 |
|
21 |
63 |
66 |
68 |
71 |
66 |
66 |
67 |
66 |
67 |
70 |
70 |
70 |
71 |
71 |
73 |
78 |
84 |
89 |
95 |
100 |
|
22 |
62 |
65 |
66 |
62 |
63 |
64 |
64 |
64 |
67 |
68 |
68 |
68 |
70 |
70 |
73 |
78 |
84 |
89 |
95 |
100 |
|
23 |
60 |
62 |
58 |
60 |
62 |
62 |
63 |
63 |
64 |
67 |
68 |
68 |
67 |
69 |
71 |
77 |
83 |
88 |
94 |
100 |
|
24 |
59 |
55 |
56 |
58 |
59 |
60 |
61 |
61 |
63 |
65 |
67 |
66 |
66 |
69 |
71 |
77 |
83 |
88 |
94 |
100 |
|
25 |
52 |
53 |
55 |
56 |
58 |
58 |
60 |
60 |
61 |
64 |
64 |
64 |
64 |
67 |
70 |
76 |
82 |
88 |
94 |
100 |
|
26 |
51 |
53 |
55 |
56 |
58 |
60 |
61 |
61 |
61 |
63 |
64 |
64 |
66 |
69 |
67 |
74 |
80 |
87 |
93 |
100 |
|
27 |
51 |
52 |
55 |
58 |
69 |
69 |
61 |
61 |
62 |
63 |
64 |
66 |
67 |
66 |
67 |
74 |
80 |
87 |
93 |
100 |
|
28 |
49 |
52 |
57 |
58 |
60 |
61 |
63 |
62 |
62 |
64 |
66 |
66 |
63 |
66 |
68 |
74 |
81 |
87 |
94 |
100 |
|
29 |
49 |
51 |
57 |
60 |
61 |
61 |
62 |
62 |
63 |
64 |
66 |
63 |
65 |
67 |
68 |
74 |
81 |
87 |
94 |
100 |
|
30 |
49 |
51 |
57 |
60 |
61 |
62 |
63 |
63 |
63 |
64 |
62 |
63 |
66 |
68 |
70 |
76 |
82 |
88 |
94 |
100 |
|
31 |
47 |
50 |
57 |
60 |
60 |
62 |
63 |
64 |
64 |
62 |
63 |
65 |
67 |
70 |
71 |
77 |
83 |
88 |
94 |
100 |
|
32 |
46 |
50 |
57 |
60 |
62 |
63 |
64 |
64 |
62 |
63 |
65 |
66 |
68 |
71 |
72 |
78 |
83 |
89 |
94 |
100 |
|
33 |
45 |
49 |
56 |
60 |
52 |
63 |
64 |
62 |
63 |
65 |
66 |
68 |
71 |
73 |
74 |
79 |
84 |
90 |
95 |
100 |
|
34 |
43 |
48 |
56 |
62 |
63 |
64 |
62 |
62 |
65 |
66 |
67 |
70 |
72 |
74 |
74 |
79 |
84 |
90 |
95 |
100 |
|
35 |
41 |
47 |
56 |
62 |
63 |
61 |
62 |
63 |
66 |
67 |
68 |
70 |
72 |
74 |
75 |
80 |
85 |
90 |
95 |
100 |
|
36 |
40 |
47 |
56 |
62 |
59 |
61 |
62 |
63 |
66 |
67 |
68 |
70 |
72 |
74 |
75 |
80 |
85 |
90 |
95 |
100 |
|
37 |
38 |
45 |
56 |
58 |
59 |
61 |
62 |
63 |
66 |
67 |
67 |
69 |
71 |
73 |
74 |
79 |
84 |
90 |
95 |
100 |
|
38 |
38 |
45 |
53 |
58 |
61 |
62 |
63 |
65 |
65 |
67 |
68 |
70 |
72 |
74 |
73 |
78 |
84 |
89 |
95 |
100 |
|
39 |
37 |
41 |
53 |
58 |
61 |
62 |
63 |
64 |
65 |
67 |
68 |
70 |
71 |
73 |
73 |
78 |
84 |
89 |
95 |
100 |
|
40 |
34 |
41 |
53 |
58 |
61 |
62 |
63 |
64 |
64 |
66 |
67 |
69 |
71 |
73 |
72 |
78 |
83 |
89 |
94 |
100 |
Male, Non-Smoker
Issue Duration
|
Age |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
15 |
16 |
17 |
18 |
19 |
20+ |
|
41 |
34 |
41 |
53 |
58 |
61 |
61 |
62 |
62 |
63 |
65 |
65 |
67 |
69 |
71 |
71 |
77 |
83 |
88 |
94 |
100 |
|
42 |
34 |
43 |
53 |
58 |
60 |
61 |
62 |
61 |
61 |
63 |
64 |
66 |
67 |
69 |
71 |
77 |
83 |
88 |
94 |
100 |
|
43 |
32 |
43 |
53 |
58 |
60 |
61 |
60 |
60 |
60 |
60 |
62 |
64 |
66 |
68 |
69 |
75 |
81 |
88 |
94 |
100 |
|
44 |
32 |
44 |
52 |
57 |
59 |
60 |
60 |
59 |
59 |
58 |
60 |
62 |
65 |
67 |
69 |
75 |
81 |
88 |
94 |
100 |
|
45 |
32 |
44 |
52 |
57 |
59 |
60 |
59 |
57 |
57 |
57 |
59 |
61 |
63 |
66 |
68 |
74 |
81 |
87 |
94 |
100 |
|
46 |
32 |
42 |
50 |
54 |
56 |
57 |
57 |
56 |
55 |
56 |
59 |
61 |
63 |
65 |
67 |
74 |
80 |
87 |
93 |
100 |
|
47 |
30 |
40 |
48 |
52 |
54 |
55 |
55 |
54 |
54 |
55 |
59 |
61 |
62 |
63 |
66 |
73 |
80 |
86 |
93 |
100 |
|
48 |
30 |
40 |
46 |
49 |
51 |
52 |
53 |
53 |
54 |
55 |
57 |
61 |
62 |
63 |
63 |
70 |
78 |
85 |
93 |
100 |
|
49 |
29 |
39 |
43 |
48 |
50 |
51 |
50 |
51 |
53 |
54 |
57 |
61 |
61 |
62 |
62 |
70 |
77 |
85 |
92 |
100 |
|
50 |
29 |
37 |
42 |
45 |
47 |
48 |
49 |
50 |
51 |
54 |
57 |
61 |
61 |
61 |
61 |
69 |
77 |
84 |
92 |
100 |
|
51 |
27 |
35 |
40 |
43 |
45 |
47 |
48 |
50 |
51 |
53 |
57 |
60 |
61 |
61 |
62 |
70 |
77 |
85 |
92 |
100 |
|
52 |
27 |
34 |
39 |
42 |
44 |
45 |
48 |
49 |
50 |
53 |
56 |
60 |
60 |
62 |
62 |
70 |
77 |
85 |
100 |
100 |
|
53 |
25 |
31 |
37 |
41 |
44 |
45 |
47 |
49 |
50 |
51 |
56 |
59 |
61 |
61 |
62 |
70 |
77 |
100 |
100 |
100 |
|
54 |
25 |
30 |
36 |
39 |
43 |
44 |
47 |
48 |
49 |
51 |
55 |
59 |
59 |
61 |
62 |
70 |
100 |
100 |
100 |
100 |
|
55 |
24 |
29 |
35 |
38 |
42 |
43 |
45 |
48 |
49 |
50 |
56 |
58 |
59 |
61 |
62 |
100 |
100 |
100 |
100 |
100 |
|
56 |
23 |
29 |
35 |
38 |
42 |
42 |
44 |
47 |
48 |
50 |
55 |
57 |
58 |
59 |
100 |
100 |
100 |
100 |
100 |
100 |
|
57 |
23 |
28 |
35 |
38 |
42 |
42 |
43 |
45 |
47 |
49 |
53 |
55 |
56 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
58 |
22 |
28 |
33 |
37 |
41 |
41 |
43 |
45 |
45 |
47 |
51 |
53 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
59 |
22 |
26 |
33 |
37 |
41 |
41 |
42 |
44 |
44 |
46 |
50 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
60 |
20 |
26 |
33 |
37 |
41 |
40 |
41 |
42 |
42 |
45 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
61 |
20 |
26 |
33 |
37 |
41 |
40 |
41 |
42 |
42 |
75 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
62 |
19 |
25 |
32 |
38 |
40 |
40 |
41 |
42 |
75 |
75 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
63 |
19 |
25 |
33 |
36 |
40 |
40 |
41 |
75 |
75 |
75 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
64 |
18 |
24 |
32 |
36 |
39 |
40 |
75 |
75 |
75 |
75 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
65 |
18 |
24 |
32 |
36 |
39 |
65 |
70 |
70 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
66 |
18 |
24 |
32 |
36 |
60 |
65 |
70 |
70 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
67 |
18 |
24 |
32 |
60 |
60 |
65 |
70 |
70 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
68 |
18 |
24 |
55 |
60 |
60 |
65 |
70 |
70 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
69 |
18 |
52 |
55 |
60 |
60 |
65 |
70 |
70 |
70 |
70 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
70 |
48 |
52 |
55 |
60 |
60 |
65 |