EXHIBIT 10(b) AMERICAN GENERAL LIFE INSURANCE COMPANY ----------------- Corporate Markets ----------------- Home Office: Houston, Texas CORPORATE MARKETS APPLICATION FOR LIFE INSURANCE - ------------------------------------------------------------------------------------------------------------------------------------ NAME OF [EMPLOYER] (OWNER): _______________ ABC CORP. _________________________________________________________________________ ___________________________________________________________________________________________________ ADDRESS OF [EMPLOYER]: _______________ 999 HERE STREET ___________________________________________________________________ _______________ SOMEWHERE, TX 77076 _______________________________________________________________ ___________________________________________________________________________________________________ [EMPLOYER] TAX ID # _______________ 999-9999999 _______________________________________________________________________ PLAN OF INSURANCE: _______________ CA-1 ______________________________________________________________________________ BENEFICIARY: _______________ ABC CORP. _________________________________________________________________________ ___________________________________________________________________________________________________ Will this insurance replace, change, or use the cash value of any existing insurance policy or annuity by any company? [x] NO [ ] YES (If "yes," indicate name of company.) __________________________________________________________ IT IS AGREED THAT: 1. This application, which includes the attached Schedule A, will be the basis for any life insurance issued in response to it. 2. Application is made to the Company for life insurance on the lives of the individuals specified in Schedule A. 3. The amount of insurance applied for on the life of each individual is specified in Schedule A. 4. The plan of insurance applied for on the life of each individual listed in Schedule A shall be that specified in the PLAN OF INSURANCE section above. 5. The beneficiary for each individual listed in Section A shall be that specified in the BENEFICIARY section above. 6. NO INSURANCE WILL BECOME EFFECTIVE UNTIL ALL OF THE FOLLOWING HAVE BEEN RECEIVED BY THE COMPANY: A) THIS APPLICATION PROPERLY COMPLETED, SIGNED, AND DATED; B) CONSENT OF EACH PROPOSED INSURED AS REQUIRED UNDER STATE LAW; C) THE FIRST FULL PREMIUM. I represent that the statements and answers in this application are true and complete to the best of my knowledge and belief and that there exists between the Owner and each Proposed Insured a substantial economic interest. ANY PERSON WHO INCLUDES ANY FALSE OR MISLEADING INFORMATION ON AN APPLICATION FOR INSURANCE POLICY IS SUBJECT TO CRIMINAL AND CIVIL PENALTIES. Signed at _________SOMEWHERE, TX __________________________ Date: _________ 4/30/99 __________________________________ (CITY, STATE) Signed for the Owner by the following duly authorized official: X ____________ SUE SMITH __________________________________ ____________________ PRESIDENT __________________________ SIGNATURE TITLE AGENT'S STATEMENT: Do you have knowledge or reason to believe that replacement is involved in this transaction? [x] NO [ ] YES (If "yes," submit replacement forms where required.) ____________ 01023 ____________ ______________ BOB DOE _______________ X ______________ BOB DOE ______________________ STATE LICENSE # AGENT'S NAME PRINTED SIGNATURE OF SOLICITING AGENT - ----------------------------------------------------------------------------------------------------------------------------------- CM1014-31 CM - ------------------------------------------------------------------------------------------------------------------------------------ SCHEDULE A - ------------------------------------------------------------------------------------------------------------------------------------ PROPOSED INSURED FLEXIBLE (ALPHABETICALLY, DATE SOCIAL TOBACCO USAGE IN INITIAL TERM DEATH DEATH LAST, FIRST, OF SECURITY ANY FORM WITHIN SPECIFIED RIDER BENEFIT BENEFIT ANNUAL MIDDLE) SEX BIRTH NUMBER THE PAST 24 MONTHS? AMOUNT AMOUNT OPTION TEST PREMIUM - ------------------------------------------------------------------------------------------------------------------------------------ Smith, Linda, C. F 10/21/45 ###-##-#### N 50,000 500,000 1 CVAT 2,000 - ------------------------------------------------------------------------------------------------------------------------------------ Jones, Fred D. M 11/1/50 ###-##-#### N 75,000 700,000 1 CVAT 4,000 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ I represent that, to the best of my knowledge and belief: (a) the Proposed Insureds have not been absent from work due to illness or medical treatment for a period of more than 5 consecutive days in the last 90 days; and (b) that the Proposed Insureds have been actively at work, full time, performing all duties of their regular occupations, at the customary place of employment (exclusive of weekends, holidays and vacations.) for the last 90 days. Signed for the Owner by the following duly authorized official: X ____________ Sue Smith ___________________ ____________ President ________________ ____________ 4/30/99 ____________ OFFICER SIGNATURE TITLE DATE - ------------------------------------------------------------------------------------------------------------------------------------ CM1014-31 CM AMERICAN GENERAL LIFE INSURANCE COMPANY ----------------- Corporate Markets ----------------- Home Office: Houston, Texas CORPORATE MARKETS APPLICATION FOR LIFE INSURANCE - ------------------------------------------------------------------------------------------------------------------------------------ NAME OF [EMPLOYER] (OWNER): _______________ ABC CORP. _________________________________________________________________________ ___________________________________________________________________________________________________ ADDRESS OF [EMPLOYER]: _______________ 999 HERE STREET ___________________________________________________________________ _______________ SOMEWHERE, TX 77076 _______________________________________________________________ ___________________________________________________________________________________________________ [EMPLOYER] TAX ID # _______________ 999-9999999 _______________________________________________________________________ PLAN OF INSURANCE: _______________ CA-1 ______________________________________________________________________________ BENEFICIARY: _______________ ABC CORP. _________________________________________________________________________ ___________________________________________________________________________________________________ Will this insurance replace, change, or use the cash value of any existing insurance policy or annuity by any company? [x] NO [ ] YES (If "yes," indicate name of company.) __________________________________________________________ IT IS AGREED THAT: 1. This application, which includes the attached Schedule A, will be the basis for any life insurance issued in response to it. 2. Application is made to the Company for life insurance on the lives of the individuals specified in Schedule A. 3. The amount of insurance applied for on the life of each individual is specified in Schedule A. 4. The plan of insurance applied for on the life of each individual listed in Schedule A shall be that specified in the PLAN OF INSURANCE section above. 5. The beneficiary for each individual listed in Section A shall be that specified in the BENEFICIARY section above. 6. NO INSURANCE WILL BECOME EFFECTIVE UNTIL ALL OF THE FOLLOWING HAVE BEEN RECEIVED BY THE COMPANY: A) THIS APPLICATION PROPERLY COMPLETED, SIGNED, AND DATED; B) CONSENT OF EACH PROPOSED INSURED AS REQUIRED UNDER STATE LAW; C) THE FIRST FULL PREMIUM. I represent that the statements and answers in this application are true and complete to the best of my knowledge and belief and that there exists between the Owner and each Proposed Insured a substantial economic interest. ANY PERSON WHO INCLUDES ANY FALSE OR MISLEADING INFORMATION ON AN APPLICATION FOR INSURANCE POLICY IS SUBJECT TO CRIMINAL AND CIVIL PENALTIES. Signed at _________SOMEWHERE, TX __________________________ Date: _________ 4/30/99 __________________________________ (CITY, STATE) Signed for the Owner by the following duly authorized official: X ____________ SUE SMITH __________________________________ ____________________ PRESIDENT __________________________ SIGNATURE TITLE AGENT'S STATEMENT: Do you have knowledge or reason to believe that replacement is involved in this transaction: [x] NO [ ] YES (If "yes," submit replacement forms where required.) ____________ 01023 ____________ ______________ BOB DOE _______________ X ______________ BOB DOE ______________________ STATE LICENSE # AGENT'S NAME PRINTED SIGNATURE OF SOLICITING AGENT - ----------------------------------------------------------------------------------------------------------------------------------- CM1014-31 CM - ------------------------------------------------------------------------------------------------------------------------------------ SCHEDULE A - ------------------------------------------------------------------------------------------------------------------------------------ PROPOSED INSURED FLEXIBLE (ALPHABETICALLY, DATE SOCIAL TOBACCO USAGE IN INITIAL TERM DEATH DEATH LAST, FIRST, OF SECURITY ANY FORM WITHIN SPECIFIED RIDER BENEFIT BENEFIT ANNUAL MIDDLE) SEX BIRTH NUMBER THE PAST 24 MONTHS? AMOUNT AMOUNT OPTION TEST PREMIUM - ------------------------------------------------------------------------------------------------------------------------------------ Smith, Linda, C. F 10/21/45 ###-##-#### N 50,000 500,000 1 CVAT 2,000 - ------------------------------------------------------------------------------------------------------------------------------------ Jones, Fred D. M 11/1/50 ###-##-#### N 75,000 700,000 1 CVAT 4,000 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ I represent that, to the best of my knowledge and belief: (a) the Proposed Insureds have not been absent from work due to illness or medical treatment for a period of more than 5 consecutive days in the last 90 days; and (b) that the Proposed Insureds have been actively at work, full time, performing all duties of their regular occupations, at the customary place of employment (exclusive of weekends, holidays and vacations.) for the last 90 days. Signed for the Owner by the following duly authorized official: X ____________ Sue Smith ___________________ ____________ President ________________ ____________ 4/30/99 ____________ OFFICER SIGNATURE TITLE DATE - ------------------------------------------------------------------------------------------------------------------------------------ CM1014-31 CM