Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2012

	December 31,
	2012		2011
Reinsurance receivable	$	533,446	$	502,093
Future policy benefits	1,990,579		2,115,676

	Year ended December 31,
	2012			2011			2010
Premium income, net of related party premiums ceded of $18,112, $6,912, and $3,588	$	96,439		$	129,072		$	131,037
Life and other policy benefits, net of reinsurance recoveries of $12,562 $6,426 and $4,906	99,321			106,790			122,830
Decrease in future policy benefits	(39,439		)	(70,554		)	(65,778		)

Schedule of revenue, expenses incurred and expense reimbursement from related parties for services provided

	Year ended December 31,
	2012			2011		2010
Investment management and administrative revenue included in fee income and net investment income	$	7,770		$	7,492	$	7,505
Administrative and underwriting expense reimbursements included as a reduction to general insurance expense	1,698			3,629		988
Administrative and underwriting expense included in general insurance expense	(2,610		)	—		—
Total	$	6,858		$	11,121	$	8,493

Schedule of amounts due from parent and affiliates

			December 31,
Related party	Indebtedness	Due date	2012		2011
GWL&A Financial Inc.	On account	On demand	$	17,236	$	6,976
Great-West Lifeco U.S. Inc.	On account	On demand	62,350		105,614
Great-West Lifeco Finance LP	On account	On demand	695		716
Great-West Lifeco Finance LP II	On account	On demand	619		524
Other related party receivables	On account	On demand	1,928		867
Total			$	82,828	$	114,697

Schedule of amounts due to parent and affiliates

			December 31,
Related party	Indebtedness	Due date	2012		2011
GWL&A Financial Inc. (1)	Surplus note	November 2034	$	194,390	$	194,362
GWL&A Financial Inc. (2)	Surplus note	May 2046	333,400		333,400
GWL&A Financial Inc.	Note interest	May 2013	4,701		4,701
Great-West Life & Annuity Insurance Capital (Nova Scotia) Co. II	On account	On demand	—		140
London Life Financial Corporation	On account	On demand	1,735		1,715
The Great-West Life Assurance Company	On account	On demand	2,568		1,765
The Canada Life Assurance Company	On account	On demand	7,653		2,478
Total			$	544,447	$	538,561

(1) A note payable to GWL&A Financial was issued as a surplus note on November 15, 2004, with a face amount of $195,000 and carrying amounts of $194,390 and $194,362 at December 31, 2012 and 2011, respectively. The surplus note bears interest at the rate of 6.675% per annum, payable in arrears on each May 14 and November 14. The note matures on November 14, 2034.

(2) A note payable to GWL&A Financial was issued as a surplus note on May 19, 2006, with a face amount and carrying amount of $333,400. The surplus note bears interest initially at the rate of 7.203% per annum, payable in arrears on each May 16 and November 16 until May 16, 2016. After May 16, 2016, the surplus note bears an interest rate of 2.588% plus the then-current three-month London Interbank Offering Rate (“LIBOR”). The surplus note is redeemable by the Company at the principal amount plus any accrued and unpaid interest after May 16, 2016. The note matures on May 16, 2046.