EX-99.B(7)(A)(III) 2 a19-4768_1ex99db7aiii.htm EX-99.B(7)(A)(III)

Exhibit 99.B(7)(a)(iii)

 

Amendment Number 5

to the

Second Amended and Restated Automatic Indemnity Reinsurance Agreement

 

This Amendment between The Lincoln National Life Insurance Company of Fort Wayne, Indiana (the “Ceding Company”) and Lincoln National Reinsurance Company (Barbados) Limited, a Barbados Corporation (“the Reinsurer”) is effective February 20, 2018.

 

RECITALS

 

1.                                      The Ceding Company and the Reinsurer entered into an Automatic Indemnity Reinsurance Agreement effective July 1, 2003, as amended and restated effective November 1, 2013, and as further amended by amendments executed June 9, 2016, October 20, 2016, March 30, 2017, and July 15, 2017 (“the Agreement”).

 

2.                                      Article XVII, Section 8 of this Agreement permits amendments as long as they are made in writing, signed by duly authorized officers of both parties.

 

3.                                      The Ceding Company and the Reinsurer wish to make such an amendment to add new versions of two of the riders to the Agreement.

 

AGREEMENT

 

NOWTHEREFORE, in consideration of these premises and the mutual covenants contained herein, the Ceding Company and the Reinsurer agree to amend the Agreement as follows:

 

1.              Effective February 20, 2018, new versions of the Lincoln Lifetime Income SMAdvantage 2.0 (Managed Risk) and the Lincoln Market Select ® Advantage riders shall be added to Schedule A of the Agreement.

 

2.              The Ceding Company and the Reinsurer agree that Schedule A of the Agreement shall be replaced in its entirety with Schedule A attached hereto.

 

All terms, provisions and conditions of this Agreement will continue unchanged except as specifically revised in this Amendment.

 

In WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized representatives.

 

LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) LIMITED

 

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

 

 

 

 

 

By:

/s/ Brandy Ness

 

By:

/s/ Stephen Turer

Name: Brandy Ness

 

Name: Stephen Turer

Title: AVP

 

Title: SVP

Date: 3/20/18

 

Date: 3/20/18

 

AWD Number K201070103

Amendment number 5

 

 

SCHEDULE A

Reinsurance of Guaranteed Benefits (“GB”)

Effective February 20, 2018

 

Each contract listed in Schedule B contains one or more GB.  GBs which are covered by this Agreement include the following:

 

Marketing Name of Benefit

 

Policy Form Nos.

 

Death Benefit Riders

 

 

 

Guarantee of Principal Death Benefit Rider*

 

32148

 

Enhanced Guaranteed Minimum Death Benefit Rider*

 

32149

 

5% Step-Up Death Benefit Rider*

 

32150

 

7 Year Ratchet Death Benefit on American Legacy I & II*

 

—

 

Estate Enhancement Death Benefit Rider*

 

32151

 

 

 

 

 

Highest Anniversary Death Benefit Rider eff. 1/9/17*

 

AR-593

 

 

 

 

 

Guarantee of Principal Death Benefit Rider eff. 1/9/17*

 

ICC16-32148

 

 

 

 

 

Guarantee of Principal Death Benefit Rider eff. 1/9/17*

 

32148 (9-16)

 

 

 

 

 

Earnings Optimizer Death Benefit Rider eff. 11/16/15

 

AR-590

 

 

 

 

 

Lincoln SmartSecurity® Advantage

 

 

 

Variable Annuity Rider

 

32793

 

 

 

 

 

i4LIFE® Advantage with Guaranteed Income Benefit

 

 

 

Variable Annuity Income Rider

 

I4LA

 

Variable Annuity Payment Option Rider

 

I4LA-Q

 

Variable Annuity Payment Option Rider

 

I4LA-NQ

 

Guaranteed Income Benefit

 

GIB

 

Increasing GIB

 

IGIB

 

Annual GIB

 

AGIB

 

Select Guaranteed Income Benefit

 

AR-528

 

 

 

 

 

i4LIFE® Advantage with Guaranteed Income Benefit (Managed Risk) eff. 5/21/12

 

AR-528

 

 

 

 

 

4LATER® Advantage

 

 

 

Guaranteed Income Later Rider

 

4Later

 

 

 

 

 

4LATER® Advantage (Managed Risk) eff. 7/2/12

 

AR-547

 

 

 

 

 

4LATER® Select Advantage eff. 1/9/17

 

AR-547

 

 

 

 

 

Lincoln Lifetime Income SMAdvantage

 

 

 

Variable Annuity Living Benefits Rider

 

AR-512

 

Variable Annuity Living Benefits Rider (LINC Plus)*

 

AR-512P

 

 

 

 

 

Lincoln Lifetime Income SMAdvantage 2.0 &

 

 

 

Lincoln Lifetime Income SMAdvantage 2.0 (Managed Risk) eff. 4/2/12

 

 

 

Variable Annuity Living Benefits Rider eff. 4/2/12*

 

AR-529

 

Variable Annuity Guarantee Income Benefit (NY version)

 

AR-529

 

Variable Annuity Living Benefits Rider eff. 1/20/15

 

AR-566

 

 

 

Variable Annuity Living Benefits Rider eff. 2/20/18

 

AR-607

 

 

 

 

 

Lincoln Market Select ® Advantage

 

 

 

Variable Annuity Living Benefits Rider eff. 10/5/15

 

AR-587

 

Variable Annuity Living Benefits Rider eff. 5/16/16

 

AR-591

 

Variable Annuity Guarantee Income Benefit (NY version) eff. 8/29/16

 

AR-529

 

Variable Annuity Living Benefits Rider eff. 2/20/18

 

AR-607

 

 

 

 

 

Lincoln Long-TermCareSMAdvantage Rider

 

 

 

Long-Term Care Coverage Endorsement

 

AE-517

 

Long-Term Care Benefits Rider

 

AR-518, AR-519

 

 

 

 

 

Core Income Benefit — eff. 2/21/17

 

AR-592

 

 

 

 

 

Lincoln Max 6 SelectSM Advantage — eff. 5/22/17

 

AR-600

 

 

*                 issued by Ceding Company only