EX-99.7(IV)(B) 3 d259191dex997ivb.txt AMENDMENT NO. 1 TO AUTOMATIC REINSURANCE AGREEMENT EFFECTIVE AS OF JAN, 1, 2011 AMENDMENT NO. 1 TO AUTOMATIC REINSURANCE AGREEMENT EFFECTIVE AS OF JANUARY 1, 2011 (Agreement) between METLIFE INVESTORS INSURANCE COMPANY (Cedent) and METLIFE INSURANCE COMPANY OF CONNECTICUT (Reinsurer) The Agreement is hereby amended, as of April 29, 2011, as follows: 1. The attached Schedule A, Plans of Reinsurance, amends and, as amended, restates Schedule A, Plans of Reinsurance. 2. The attached Schedule B, Reinsurance Premiums, amends and, as amended, restates Exhibit II, Reinsurance Premiums. This Amendment No. 1 does not alter, amend or modify the Agreement other than as set forth herein, and the terms and conditions of the Agreement, as amended herein, continue in effect without other change. In Witness whereof, the parties have caused this Amendment No. 1 to be signed as of the date first above written. METLIFE INVESTORS INSURANCE COMPANY By: /s/ Roberto Baron -------------------------------- Name: Roberto Baron -------------------------------- Title: Vice President -------------------------------- METLIFE INSURANCE COMPANY OF CONNECTICUT By: /s/ Christopher Kremer -------------------------------- Name: Christopher Kremer -------------------------------- Title: Vice President and Actuary -------------------------------- Page 1 of 3 SCHEDULE A PLANS OF REINSURANCE A. Reinsurer's Percentage: 100% of the ceded liabilities described in Article I paragraph B, for the Reinsured Contracts. B. Reinsured Contracts: VARIABLE ANNUITY CONTRACTS -------------------------- B Class Contract (Standard Contract, 7-year surrender charge schedule, Edward Jones distribution) A Class Contract (Front-end load, Edward Jones distribution) FORM NUMBERS ------------ Guaranteed Minimum Death Benefits and Earnings Preservation Benefits: -------------------------------------------------------------------- Standard Death Benefit - Principal Protection: Form 7015 (11/00) Optional Death Benefit - Annual Step-Up: Form 7017 (11/00) Optional Death Benefit - Greater of Annual Step-Up and 5% Rollup: Form 7016 (11/00) Additional Death Benefit - Earnings Preservation Benefit (EPB): Form 7019 (11/00) Enhanced Death Benefit II - Form MLI-640-1 (4/08) & Endorsement MLI-RMD (7/10)-E Guaranteed Minimum Income Benefits: ---------------------------------- Guaranteed Minimum Income Benefit Plus: Form MLI-560-4 (4/08) or MLI-560-6 (11/10) Guaranteed Minimum Income Benefit Plus III: Endorsement MLI-RMD (7/10)-E Guaranteed Withdrawal Benefits: ------------------------------ Lifetime Withdrawal Guaranteed Benefit (2008 Version): Form MLI-690-4 (4/08) or MLI-690-5 (7/09) Page 2 of 3 SCHEDULE B REINSURANCE PREMIUMS A. GMDB PROGRAM REINSURANCE PREMIUM GMDB PROGRAM CONTRACTS COVERED (BASIS POINTS) ----------------------- ----------------------- -------------- Principal Protection All Reinsured Contracts 9.00 Annual Step-up All Reinsured Contracts 20.00 Greater of Annual Step- All Reinsured Contracts 35.00 Up and 5% Rollup Earnings Preservation All Reinsured Contracts 25.00 Benefit Enhanced Death All Reinsured Contracts 60.00 Benefit II Issue Ages 0-69 Enhanced Death All Reinsured Contracts 115.00 Benefit II Issue Ages 70-75 B. INCOME PROGRAM REINSURANCE PREMIUM INCOME PROGRAM CONTRACTS COVERED (BASIS POINTS) ----------------------- ----------------------- -------------- GMIB Plus & GMIB All Reinsured Contracts 100.00 Plus III C. WITHDRAWAL PROGRAM REINSURANCE PREMIUM WITHDRAWAL PROGRAM CONTRACTS COVERED (BASIS POINTS) ----------------------- ----------------------- -------------- Lifetime GWB (2008 All Reinsured Contracts 125.00 Version) - Single Life Version Lifetime GWB (2008 All Reinsured Contracts 150.00 Version) - Joint Life Version Page 3 of 3