EX-99.G(III) 2 d22797dex99giii.txt REINSURANCE CONTRACT AMENDMENTS AMENDMENT EFFECTIVE FEBRUARY 25, 2013 to the AUTOMATIC AND FACULTATIVE YRT AGREEMENT EFFECTIVE JANUARY 1, 2012 between THE METROPOLITAN LIFE INSURANCE COMPANIES WHICH SHALL INCLUDE THE FOLLOWING COMPANIES: METROPOLITAN LIFE INSURANCE COMPANY, A NEW YORK INSURANCE COMPANY, NEW ENGLAND LIFE INSURANCE COMPANY, A MASSACHUSETTS INSURANCE COMPANY, GENERAL AMERICAN LIFE INSURANCE COMPANY, A MISSOURI INSURANCE COMPANY, METLIFE INVESTORS USA INSURANCE COMPANY, A DELAWARE INSURANCE COMPANY, METLIFE INVESTORS INSURANCE COMPANY, A MISSOURI INSURANCE COMPANY, FIRST METLIFE INVESTORS INSURANCE COMPANY, A NEW YORK INSURANCE COMPANY, METROPOLITAN TOWER LIFE INSURANCE COMPANY, A DELAWARE INSURANCE COMPANY, AND METLIFE INSURANCE COMPANY OF CONNECTICUT, A CONNECTICUT INSURANCE COMPANY. (HEREINAFTER INDIVIDUALLY OR COLLECTIVELY REFERRED TO AS "THE CEDING COMPANY" OR "COMPANIES") AND GENERALI USA LIFE REASSURANCE COMPANY, A MISSOURI REINSURANCE COMPANY (HEREINAFTER REFERRED TO AS "THE REINSURER") This Agreement originally executed effective January 1, 2012, as amended, is hereby amended, effective FEBRUARY 25, 2013 for all eligible policies issued on or after the effective date of this amendment, including policies backdated for up to six (6) months to save age. WHEREAS, GLT is a covered product under the Agreement and included in the list of products covered in Exhibit III to the Agreement; WHEREAS, GLT is being repriced in February 2013; and WHEREAS, the parties wish to document their mutual understanding that, effective as of the effective date hereof, the Agreement shall cover GLT as so repriced; NOW THEREFORE, in consideration of the mutual and foregoing recitals and the mutual covenants and undertakings herein contained, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows. 1. The February 2013 reprice of GLT is now added as a covered product; however, given that the name/plan identifiers for the February 2013 reprice of GLT are not changing from the current GLT product, no updates are needed to Exhibit III. All terms, provisions, and conditions of this Agreement will continue unchanged except as specifically revised in this Amendment. Page 1 of 4 THE METROPOLITAN LIFE INSURANCE COMPANIES WHICH SHALL INCLUDE THE FOLLOWING COMPANIES: METROPOLITAN LIFE INSURANCE COMPANY, A NEW YORK INSURANCE COMPANY, NEW ENGLAND LIFE INSURANCE COMPANY, A MASSACHUSETTS INSURANCE COMPANY, GENERAL AMERICAN LIFE INSURANCE COMPANY, A MISSOURI INSURANCE COMPANY, METLIFE INVESTORS USA INSURANCE COMPANY, A DELAWARE INSURANCE COMPANY, METLIFE INVESTORS INSURANCE COMPANY, A MISSOURI INSURANCE COMPANY, FIRST METLIFE INVESTORS INSURANCE COMPANY, A NEW YORK INSURANCE COMPANY, METROPOLITAN TOWER LIFE INSURANCE COMPANY, A DELAWARE INSURANCE COMPANY, AND METLIFE INSURANCE COMPANY OF CONNECTICUT, A CONNECTICUT INSURANCE COMPANY. ("THE CEDING COMPANY" OR "COMPANIES") and GENERALI USA LIFE REASSURANCE COMPANY, A MISSOURI REINSURANCE COMPANY ("THE REINSURER") have by their respective officers executed and delivered this Amendment, effective FEBRUARY 25, 2013. METROPOLITAN LIFE INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Senior Vice President ---------------------------------- NEW ENGLAND LIFE INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- Page 2 of 4 GENERAL AMERICAN LIFE INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- METLIFE INVESTORS USA INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- METLIFE INVESTORS INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- FIRST METLIFE INVESTORS INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- METROPOLITAN TOWER LIFE INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- Page 3 of 4 METLIFE INSURANCE COMPANY OF CONNECTICUT By: /s/ Roberto Baron ------------------------------- Name: Roberto Baron ------------------------------- Title: Vice President ------------------------------- GENERALI USA LIFE REASSURANCE COMPANY By: /s/ Nancy Pike By: /s/ David A. Gates ------------------------------- ------------------------------ Name: Nancy Pike Name: David A. Gates ------------------------------- ------------------------------ Title: Asst Registrar Title: Senior Vice President ------------------------------- ------------------------------ Page 4 of 4 AMENDMENT EFFECTIVE APRIL 29, 2013 to the AUTOMATIC AND FACULTATIVE YRT AGREEMENT EFFECTIVE JANUARY 1, 2012 between THE METROPOLITAN LIFE INSURANCE COMPANIES WHICH SHALL INCLUDE THE FOLLOWING COMPANIES: METROPOLITAN LIFE INSURANCE COMPANY, A NEW YORK INSURANCE COMPANY, NEW ENGLAND LIFE INSURANCE COMPANY, A MASSACHUSETTS INSURANCE COMPANY, GENERAL AMERICAN LIFE INSURANCE COMPANY, A MISSOURI INSURANCE COMPANY, METLIFE INVESTORS USA INSURANCE COMPANY, A DELAWARE INSURANCE COMPANY, METLIFE INVESTORS INSURANCE COMPANY, A MISSOURI INSURANCE COMPANY, FIRST METLIFE INVESTORS INSURANCE COMPANY, A NEW YORK INSURANCE COMPANY, METROPOLITAN TOWER LIFE INSURANCE COMPANY, A DELAWARE INSURANCE COMPANY, AND METLIFE INSURANCE COMPANY OF CONNECTICUT, A CONNECTICUT INSURANCE COMPANY. (HEREINAFTER INDIVIDUALLY OR COLLECTIVELY REFERRED TO AS "THE CEDING COMPANY" OR "COMPANIES") AND GENERALI USA LIFE REASSURANCE COMPANY, A MISSOURI REINSURANCE COMPANY (HEREINAFTER REFERRED TO AS "THE REINSURER") This Agreement originally executed effective January 1, 2012, as amended, is hereby amended, effective APRIL 29, 2013 for all eligible policies issued on or after the effective date of this amendment, including policies backdated for up to six (6) months to save age. NOW THEREFORE, in consideration of the mutual and foregoing recitals and the mutual covenants and undertakings herein contained, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows. 1. Exhibit III is hereby replaced by the attached Exhibit III - Four additional products are added (OYT w/ Convertible and Renewable Options rider, LP10, LP20, and LP65). 2. Exhibit IV, Table A is hereby replaced by the attached Exhibit IV, Table A--6 class One Year Term rates are added. All terms, provisions, and conditions of this Agreement will continue unchanged except as specifically revised in this Amendment. Page 1 of 13 In witness of the above, THE METROPOLITAN LIFE INSURANCE COMPANIES WHICH SHALL INCLUDE THE FOLLOWING COMPANIES: METROPOLITAN LIFE INSURANCE COMPANY, A NEW YORK INSURANCE COMPANY, NEW ENGLAND LIFE INSURANCE COMPANY, A MASSACHUSETTS INSURANCE COMPANY, GENERAL AMERICAN LIFE INSURANCE COMPANY, A MISSOURI INSURANCE COMPANY, METLIFE INVESTORS USA INSURANCE COMPANY, A DELAWARE INSURANCE COMPANY, METLIFE INVESTORS INSURANCE COMPANY, A MISSOURI INSURANCE COMPANY, FIRST METLIFE INVESTORS INSURANCE COMPANY, A NEW YORK INSURANCE COMPANY, METROPOLITAN TOWER LIFE INSURANCE COMPANY, A DELAWARE INSURANCE COMPANY, AND METLIFE INSURANCE COMPANY OF CONNECTICUT, A CONNECTICUT INSURANCE COMPANY. ("THE CEDING COMPANY" OR "COMPANIES") and GENERALI USA LIFE REASSURANCE COMPANY, A MISSOURI REINSURANCE COMPANY ("THE REINSURER") have by their respective officers executed and delivered this Amendment, effective APRIL 29, 2013. METROPOLITAN LIFE INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Senior Vice President ---------------------------------- NEW ENGLAND LIFE INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- Page 2 of 13 GENERAL AMERICAN LIFE INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- METLIFE INVESTORS USA INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- METLIFE INVESTORS INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- FIRST METLIFE INVESTORS INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- METROPOLITAN TOWER LIFE INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- Page 3 of 13 METLIFE INSURANCE COMPANY OF CONNECTICUT By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- GENERALI USA LIFE REASSURANCE COMPANY By: /s/ Tamora Kapeller By: /s/ Nancy Pike ------------------------------- ------------------------------ Name: Tamora Kapeller Name: Nancy Pike ------------------------------- ------------------------------ Title: SVP Title: Asst Registrar ------------------------------- ------------------------------ Page 4 of 13 EXHIBIT III POLICIES AND RIDERS ------------------- The Policies and Riders underwritten by or on behalf of the Ceding Companies or simplified issue with fully underwritten rates, as described below may be ceded hereunder:
STATUTORY VALUATION REINSURANCE REINSURANCE REINSURANCE REINSURANCE CEDING MORTALITY RATES TO BE PRODUCT CATEGORY BASIS MAXIMUM AGE TABLE COMPANY TABLE USED ------- ----------- ------------- ----------- -------------- ---------- --------- --------------- 90-95modified MLI 6 Class GLT Term Excess 100 - UW.xls USA/FMLI 2001 CSO Level Term 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class JSUL 2005 Product First Dollar 120 120.xls USA 2001 CSO (joint life) Permanent - 5 class (single life); Permanent - 4 class (single life); 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 2 class GAUL07 Product First Dollar 121 120.xls USA 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class EAVUL08 Product Excess 121 120.xls USA 2001 CSO (single life) Life Paid up at 90-95modified Permanent - Age 100 (WL UL/Accum - UW to age 5 class 08) Product Excess 121 120.xls MLIC 2001 CSO (single life) Permanent - EEA COLI UL/Accum 90-95modified 5 class (2001 CSO) Product Excess 100 - UW.xls NELICO 2001 CSO (single life) Permanent - UL/Accum 90-95modified 4 class PPVUL Product Excess 100 - UW.xls GALIC 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW - 2 class Premier BOLI Product Excess 100 ALB.xls MLIC 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class LASUL 09 Product First Dollar 120 120.xls USA 2001 CSO (joint life) Permanent - 5 class (single life); Permanent - 4 class (single life); 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 2 class GAUL 09 Product First Dollar 121 120.xls USA 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class WL 10 Product Excess 120 120.xls USA 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class LASUL 11 Product First Dollar 120 120.xls USA 2001 CSO (joint life)
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STATUTORY VALUATION REINSURANCE REINSURANCE REINSURANCE REINSURANCE CEDING MORTALITY RATES TO BE PRODUCT CATEGORY BASIS MAXIMUM AGE TABLE COMPANY TABLE USED ------- ----------- ------------- ----------- -------------- ---------- --------- --------------- Permanent - 5 class (single life); Permanent - 4 class (single life); 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 2 class GAUL 11 Product First Dollar 121 120.xls USA 2001 CSO (single life) 90-95modified Permanent - Life Paid up at UL/Accum - UW to age MLIC, MLI 5 class Age 120 (L120) Product Excess 120 120.xls USA 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class LASUL 12 Product First Dollar 120 120.xls USA 2001 CSO (joint life) Permanent - 5 class (single life); Permanent - 4 class (single life); 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 2 class GAUL 12 Product First Dollar 121 120.xls USA 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class LGUL 12 Product Excess 121 120.xls USA 2001 CSO (single life) 90-95modified MLIC, MLI 6 Class Level CDT Term Excess 100 - UW.xls USA 2001 CSO Term 90-95modified MLIC, MLI 2 Class One OYT Term Excess 100 - UW.xls USA 2001 CSO Year Term OYT w Convertible & Renewable 90-95modified MLIC, MLI 6 Class One Options rider Term Excess 100 - UW.xls USA 2001 CSO Year Term 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class LP 10 Product Excess 120 120.xls USA 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class LP 20 Product Excess 120 120.xls USA 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class LP 65 Product Excess 120 120.xls USA 2001 CSO (single life)
Product ------- GLT - Guaranteed Level Term JSUL 2005 - Joint Universal Life with Secondary Guarantee GAUL07 - Universal Life with Secondary Guarantee EAVUL08 - Variable Universal Life Life Paid up at Age 100 (WL08) - Whole Life EEA COLI (2001 CSO) - Variable Universal Life PPVUL - Variable Universal Life Premier BOLI - Universal Life LASUL 09 - Joint Universal Life with Secondary Guarantee Page 6 of 13 GAUL 09 - Universal Life with Secondary Guarantee WL 10 - Whole Life LASUL 11 - Joint Universal Life with Secondary Guarantee GAUL 11 - Universal Life with Secondary Guarantee Life Paid up at Age 120 (L120) - Whole Life LASUL 12 - Joint Universal Life with Secondary Guarantee GAUL 12 - Universal Life with Secondary Guarantee LGUL 12 - Universal Life with Secondary Guarantee CDT - Guaranteed Level Term OYT - One Year Term OYT w/ Convertible & Renewable Options rider - One Year Term LP10 - Whole Life LP20 - Whole Life LP65 - Whole Life Riders attached to the listed plans ----------------------------------- ADBR - Accelerated Death Benefit Rider Preliminary Term/Temporary Term ART - Annually Renewable Term JTCR - Joint Term Coverage Rider RPR - Return of Premium Rider EPTR - Estate Preservation Term Rider SFIO - Scheduled Face Increase Option PAIR - Option to Purchase Additional Insurance Rider Inside Term Rider Outside Term Rider FTR - Flexible Term Rider Other ----- The Reinsurer shall pay its share of any claim after the Reinsurance Maximum Age under the extended maturity coverage, including interest, as defined in Article VI. For joint life policies with one life insurable, this will be the Reinsurance Maximum Age of the insurable life and for joint life policies with both lives insurable, this will be the Reinsurance Maximum Age of the younger insured. Products not listed above resulting from the exercise of business exchanges, policy split options, and purchase options shall be covered on an excess reinsurance basis. For Policies ceded with RPR/SFIO riders, the maximum net amount at risk illustrated at the time of issue shall be used for purposes of underwriting, autobind limits, and jumbo limits. For Policies ceded facultatively with RPR rider, the ultimate amount ceded to the Reinsurers shall not exceed the maximum net amount at risk included in the facultative offers from the Reinsurers. Page 7 of 13 EXHIBIT IV TABLE A ------- Joint Life Minimum Premium Per Thousand: 0.15 For policies with a Reinsurance Basis of Excess and Reinsurance Category of Term -------------------------------------------------------------------------------- 6 Class Level Term - T10
Female Female Male Male Risk Class Rate Table Class Yrs 1-10 Yrs 11+ Yrs 1-10 Yrs 11+ Elite+ NS Elite Nonsmoker 63.0% 157.3% 55.0% 137.5% Pref+ NS Elite Nonsmoker 68.2% 170.4% 57.7% 144.1% Std+ NS Preferred Nonsmoker 60.7% 151.6% 53.2% 132.9% Std NS Standard (Residual) Nonsmoker 63.3% 157.8% 54.4% 136.0% Pref SM Preferred Smoker 75.1% 187.5% 85.7% 214.1% Std SM Standard (Residual) Smoker 79.5% 198.5% 78.5% 196.2% 6 Class Level Term - T15 Female Female Male Male Risk Class Rate Table Class Yrs 1-15 Yrs 16+ Yrs 1-15 Yrs 16+ Elite+ NS Elite Nonsmoker 59.9% 149.5% 52.4% 130.8% Pref+ NS Elite Nonsmoker 64.3% 160.5% 55.9% 139.5% Std+ NS Preferred Nonsmoker 58.8% 147.0% 50.8% 127.0% Std NS Standard (Residual) Nonsmoker 58.8% 147.0% 50.0% 124.8% Pref SM Preferred Smoker 73.2% 182.9% 84.0% 209.8% Std SM Standard (Residual) Smoker 77.1% 192.5% 76.7% 191.5% 6 Class Level Term - T20 Female Female Female Male Male Male Risk Class Rate Table Class Yrs 1-15 Yrs 16-20 Yrs 21+ Yrs 1-15 Yrs 16-20 Yrs 21+ Elite+ NS Elite Nonsmoker 62.3% 60.1% 150.1% 54.9% 56.6% 141.2% Pref+ NS Elite Nonsmoker 64.2% 65.4% 163.4% 57.6% 58.3% 145.6% Std+ NS Preferred Nonsmoker 63.4% 59.0% 147.5% 54.6% 53.3% 133.2% Std NS Standard (Residual) Nonsmoker 60.1% 55.9% 139.5% 53.3% 50.6% 126.5% Pref SM Preferred Smoker 71.7% 89.1% 222.8% 79.7% 101.3% 253.2% Std SM Standard (Residual) Smoker 76.3% 88.4% 220.8% 74.6% 91.3% 227.9%
Page 8 of 13 6 Class Level Term - T30
Female Female Female Male Male Male Risk Class Rate Table Class Yrs 1-15 Yrs 16-30 Yrs 31+ Yrs 1-15 Yrs 16-30 Yrs 31+ Elite+ NS Elite Nonsmoker 66.4% 54.6% 136.5% 59.6% 58.9% 147.3% Pref+ NS Elite Nonsmoker 68.8% 56.3% 140.5% 65.9% 62.7% 156.6% Std+ NS Preferred Nonsmoker 71.2% 53.6% 133.9% 62.4% 55.4% 138.4% Std NS Standard (Residual) Nonsmoker 61.7% 45.5% 113.6% 64.3% 53.7% 134.3% Pref SM Preferred Smoker 69.1% 75.9% 189.7% 71.9% 90.2% 225.6% Std SM Standard (Residual) Smoker 76.1% 77.2% 192.7% 70.8% 84.2% 210.3% 2 Class One Year Term Female Male Risk Class Rate Table Class Yr 1 Yr 1 Std NS Standard (Residual) Nonsmoker 74.1% 63.7% Std SM Standard (Residual) Smoker 93.1% 91.9% 6 Class One Year Term Female Male Risk Class Rate Table Class Yrs 1-5 Yrs 1-5 Elite+ NS Elite Nonsmoker 66.8% 58.3% Pref+ NS Elite Nonsmoker 72.3% 61.2% Std+ NS Preferred Nonsmoker 64.4% 56.4% Std NS Standard (Residual) Nonsmoker 67.1% 57.7% Pref SM Preferred Smoker 79.7% 90.9% Std SM Standard (Residual) Smoker 84.3% 83.3%
Page 9 of 13 For policies with a Reinsurance Basis of First Dollar and Reinsurance Category of UL/Accumulation --------------------------------------------------------------------------- Permanent Fully Underwritten 5-Class - Single Life - $1,000,000 + Female Female Female Female Female Female Female Female IA 0-17 IA 18-70 IA 71-80 IA 81-85 IA 0-17 IA 18-70 IA 71-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Yrs 16+ Elite NS Elite Nonsmoker 56.1% 63.6% 76.5% 82.2% Pref NS Preferred Nonsmoker 59.1% 65.2% 74.4% 69.3% Std NS Standard (Residual) Nonsmoker 59.3% 68.6% 68.6% 70.5% 60.0% 60.0% Pref SM Preferred Smoker 77.0% 149.9% 132.7% 176.4% Std SM Standard (Residual) Smoker 80.3% 162.3% 162.3% 123.1% 184.8% 184.8% Agg Aggregate 59.3% 70.5% Male Male Male Male Male Male Male Male IA 0-17 IA 18-70 IA 71-80 IA 81-85 IA 0-17 IA 18-70 IA 71-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Yrs 16+ Elite NS Elite Nonsmoker 46.2% 50.2% 56.2% 66.9% Pref NS Preferred Nonsmoker 49.7% 50.2% 54.4% 57.8% Std NS Standard (Residual) Nonsmoker 46.8% 51.7% 51.7% 48.4% 53.1% 53.1% Pref SM Preferred Smoker 89.0% 139.0% 133.9% 149.7% Std SM Standard (Residual) Smoker 80.2% 147.1% 147.1% 115.6% 134.3% 134.3% Agg Aggregate 46.8% 48.4% Permanent Fully Underwritten 5-Class - Single Life - $250,000 - $999,999 Female Female Female Female Female Female Female Female IA 0-17 IA 18-70 IA 71-80 IA 81-85 IA 0-17 IA 18-70 IA 71-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Yrs 16+ Elite NS Elite Nonsmoker 75.1% 85.8% 98.3% 107.0% Pref NS Preferred Nonsmoker 74.0% 81.1% 97.4% 91.7% Std NS Standard (Residual) Nonsmoker 75.9% 82.5% 82.5% 93.9% 81.0% 81.0% Pref SM Preferred Smoker 103.4% 202.3% 171.5% 241.6% Std SM Standard (Residual) Smoker 108.2% 219.0% 219.0% 159.5% 257.8% 257.8% Agg Aggregate 75.9% 93.9% Male Male Male Male Male Male Male Male IA 0-17 IA 18-70 IA 71-80 IA 81-85 IA 0-17 IA 18-70 IA 71-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Yrs 16+ Elite NS Elite Nonsmoker 60.9% 68.3% 72.8% 87.7% Pref NS Preferred Nonsmoker 63.4% 68.2% 70.6% 76.1% Std NS Standard (Residual) Nonsmoker 61.6% 67.9% 67.9% 62.9% 67.2% 67.2% Pref SM Preferred Smoker 119.8% 189.0% 175.6% 205.4% Std SM Standard (Residual) Smoker 108.3% 170.9% 170.9% 152.9% 184.7% 184.7% Agg Aggregate 61.6% 62.9%
Page 10 of 13 Permanent Fully Underwritten 4-Class - Single Life - $100,000 - $249,999 Female Female Female Female Female Female Female Female IA 0-17 IA 18-70 IA 71-80 IA 81-85 IA 0-17 IA 18-70 IA 71-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Yrs 16+ Pref NS Preferred Nonsmoker 74.0% 81.1% 97.4% 91.7% Std NS Standard (Residual) Nonsmoker 75.9% 82.5% 82.5% 93.9% 81.0% 81.0% Pref SM Preferred Smoker 103.4% 202.3% 171.5% 241.6% Std SM Standard (Residual) Smoker 108.2% 219.0% 219.0% 159.5% 257.8% 257.8% Agg Aggregate 75.9% 93.9% Male Male Male Male Male Male Male Male IA 0-17 IA 18-70 IA 71-80 IA 81-85 IA 0-17 IA 18-70 IA 71-80 IA 81-85 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Yrs 16+ Pref NS Preferred Nonsmoker 63.4% 68.2% 70.6% 76.1% Std NS Standard (Residual) Nonsmoker 61.6% 67.9% 67.9% 62.9% 67.2% 67.2% Pref SM Preferred Smoker 119.8% 189.0% 175.6% 205.4% Std SM Standard (Residual) Smoker 108.3% 170.9% 170.9% 152.9% 184.7% 184.7% Agg Aggregate 61.6% 62.9% Permanent Fully Underwritten 2-Class - Single Life - < $100,000 Female Female Female Female Female Female Female Female IA 0-17 IA 18-70 IA 71-80 IA 81-85 IA 0-17 IA 18-70 IA 71-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Yrs 16+ Std NS Standard (Residual) Nonsmoker 83.4% 95.5% 95.5% 102.7% 93.8% 93.8% Std SM Standard (Residual) Smoker 113.8% 228.2% 228.2% 166.4% 272.9% 272.9% Agg Aggregate 83.4% 102.7% Male Male Male Male Male Male Male Male IA 0-17 IA 18-70 IA 71-80 IA 81-85 IA 0-17 IA 18-70 IA 71-80 IA 81-85 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Yrs 16+ Std NS Standard (Residual) Nonsmoker 67.8% 77.5% 77.5% 69.1% 77.5% 77.5% Std SM Standard (Residual) Smoker 121.3% 191.2% 191.2% 169.0% 208.4% 208.4% Agg Aggregate 67.8% 69.1% Permanent Fully Underwritten 5-Class - Joint Life - $1,000,000 + IA 18-70 IA 71-80 IA 81-90 IA 18-70 IA 71-80 IA 81-90 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Elite NS Elite Nonsmoker 59.8% 74.4% 78.1% 75.0% Pref NS Preferred Nonsmoker 60.6% 69.0% 69.1% 63.9% Std NS Standard (Residual) Nonsmoker 62.3% 66.9% 66.9% 61.2% 58.4% 58.4% Pref SM Preferred Smoker 105.1% 180.4% 164.6% 155.1% Std SM Standard (Residual) Smoker 95.6% 194.8% 194.8% 146.2% 162.8% 162.8%
Page 11 of 13 Permanent Fully Underwritten 5-Class - Joint Life - $250,000 - $999,999
IA 18-70 IA 71-80 IA 81-90 IA 18-70 IA 71-80 IA 81-90 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Elite NS Elite Nonsmoker 61.5% 84.2% 91.4% 93.2% Pref NS Preferred Nonsmoker 66.7% 78.8% 82.4% 79.7% Std NS Standard (Residual) Nonsmoker 69.0% 72.7% 72.7% 74.2% 71.7% 71.7% Pref SM Preferred Smoker 121.2% 219.8% 202.5% 210.6% Std SM Standard (Residual) Smoker 111.6% 240.4% 240.4% 181.2% 224.9% 224.9%
Page 12 of 13 For policies with a Reinsurance Basis of Excess and Reinsurance Category of --------------------------------------------------------------------------- UL/Accumulation --------------- Permanent Fully Underwritten 5-Class - Single Life Female Female Female Female Female Female IA 0-17 IA 18-80 IA 81-85 IA 0-17 IA 18-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Elite NS Elite Nonsmoker 68.1% 75.2% Pref NS Preferred Nonsmoker 63.4% 65.4% Std NS Standard (Residual) Nonsmoker 64.1% 64.1% 60.9% 60.9% Pref SM Preferred Smoker 81.3% 115.0% Std SM Standard (Residual) Smoker 85.7% 85.7% 109.7% 109.7% Agg Aggregate 64.1% 60.9% Male Male Male Male Male Male IA 0-17 IA 18-80 IA 81-85 IA 0-17 IA 18-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Elite NS Elite Nonsmoker 58.1% 62.8% Pref NS Preferred Nonsmoker 56.6% 55.8% Std NS Standard (Residual) Nonsmoker 57.3% 57.3% 52.1% 52.1% Pref SM Preferred Smoker 90.9% 123.2% Std SM Standard (Residual) Smoker 83.2% 83.2% 108.5% 108.5% Agg Aggregate 57.3% 52.1% Permanent Fully Underwritten 4-Class - Single Life Female Female Female Female Female Female IA 0-17 IA 18-80 IA 81-85 IA 0-17 IA 18-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Pref NS Preferred Nonsmoker 62.1% 64.1% Std NS Standard (Residual) Nonsmoker 64.0% 64.0% 60.8% 60.8% Pref SM Preferred Smoker 81.3% 114.9% Std SM Standard (Residual) Smoker 85.7% 85.7% 109.7% 109.7% Agg Aggregate 64.0% 60.8% Male Male Male Male Male Male IA 0-17 IA 18-80 IA 81-85 IA 0-17 IA 18-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Pref NS Preferred Nonsmoker 56.0% 55.2% Std NS Standard (Residual) Nonsmoker 57.3% 57.3% 52.0% 52.0% Pref SM Preferred Smoker 90.8% 123.1% Std SM Standard (Residual) Smoker 83.1% 83.1% 108.4% 108.4% Agg Aggregate 57.3% 52.0% Permanent Fully Underwritten 2-Class - Single Life Female Female Male Male IA 20-80 IA 20-80 IA 20-80 IA 20-80 Risk Class Rate Table Class Yrs 10-15 Yrs 16+ Yrs 1-15 Yrs 16+ Std NS Standard (Residual) Nonsmoker 62.2% 59.0% 57.3% 52.0% Std SM Standard (Residual) Smoker 80.5% 103.1% 79.9% 104.1%
Page 13 of 13 AMENDMENT EFFECTIVE SEPTEMBER 3, 2013 to the AUTOMATIC AND FACULTATIVE YRT AGREEMENT EFFECTIVE JANUARY 1, 2012 between THE METROPOLITAN LIFE INSURANCE COMPANIES WHICH SHALL INCLUDE THE FOLLOWING COMPANIES: METROPOLITAN LIFE INSURANCE COMPANY, A NEW YORK INSURANCE COMPANY, NEW ENGLAND LIFE INSURANCE COMPANY, A MASSACHUSETTS INSURANCE COMPANY, GENERAL AMERICAN LIFE INSURANCE COMPANY, A MISSOURI INSURANCE COMPANY, METLIFE INVESTORS USA INSURANCE COMPANY, A DELAWARE INSURANCE COMPANY, METLIFE INVESTORS INSURANCE COMPANY, A MISSOURI INSURANCE COMPANY, FIRST METLIFE INVESTORS INSURANCE COMPANY, A NEW YORK INSURANCE COMPANY, METROPOLITAN TOWER LIFE INSURANCE COMPANY, A DELAWARE INSURANCE COMPANY, AND METLIFE INSURANCE COMPANY OF CONNECTICUT, A CONNECTICUT INSURANCE COMPANY. (HEREINAFTER INDIVIDUALLY OR COLLECTIVELY REFERRED TO AS "THE CEDING COMPANY" OR "COMPANIES") AND GENERALI USA LIFE REASSURANCE COMPANY, A MISSOURI REINSURANCE COMPANY (HEREINAFTER REFERRED TO AS "THE REINSURER") This Agreement originally executed effective January 1, 2012, as amended, is hereby amended, effective SEPTEMBER 3, 2013 for all eligible policies issued on or after the effective date of this amendment, including policies backdated for up to six (6) months to save age. WHEREAS, WL 10 and L120 are covered products under the Agreement and included in the list of products covered in Exhibit III to the Agreement; WHEREAS, WL 10 and L120 are being repriced in September 2013; and WHEREAS, the parties wish to document their mutual understanding that, effective as of the effective date hereof, the Agreement shall cover WL10 and L120 as so repriced; NOW THEREFORE, in consideration of the mutual and foregoing recitals and the mutual covenants and undertakings herein contained, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows. 1. Article IV is hereby replaced by the attached Article IV - Language has been added to describe how the net amount at risk is calculated after any accelerations for chronic illness related to the Enhanced Care Acceleration Rider (ECAR). 2. Article VI is hereby replaced by the attached Article VI - Language has been added to describe how claims are handled after any accelerations for chronic illness related to ECAR. Page 1 of 20 3. Exhibit III is hereby replaced by the attached Exhibit III - One additional product and one additional rider are added (GLT 13 and ECAR). 4. The September 2013 reprices of WL10 and L120 are now added as covered products; however, given that the name/plan identifiers for the repriced products are not changing, no updates are needed to Exhibit III. 5. Exhibit IV, Table A is hereby replaced by the attached Exhibit IV, Table A - 6 class Level Term (Elite + NS, Elite NS, Pref NS, Std NS, Pref SM, Std SM) rates are added. All terms, provisions, and conditions of this Agreement will continue unchanged except as specifically revised in this Amendment. Page 2 of 20 AMENDMENT EFFECTIVE JULY 31, 2014 to the AUTOMATIC AND FACULTATIVE YRT AGREEMENT EFFECTIVE JANUARY 1, 2012 (HEREINAFTER REFERRED TO AS THE "AGREEMENT") between THE METROPOLITAN LIFE INSURANCE COMPANIES WHICH SHALL INCLUDE THE FOLLOWING COMPANIES: METROPOLITAN LIFE INSURANCE COMPANY, A NEW YORK INSURANCE COMPANY, NEW ENGLAND LIFE INSURANCE COMPANY, A MASSACHUSETTS INSURANCE COMPANY, GENERAL AMERICAN LIFE INSURANCE COMPANY, A MISSOURI INSURANCE COMPANY, METLIFE INVESTORS USA INSURANCE COMPANY, A DELAWARE INSURANCE COMPANY, METLIFE INVESTORS INSURANCE COMPANY, A MISSOURI INSURANCE COMPANY, FIRST METLIFE INVESTORS INSURANCE COMPANY, A NEW YORK INSURANCE COMPANY, METROPOLITAN TOWER LIFE INSURANCE COMPANY, A DELAWARE INSURANCE COMPANY, AND METLIFE INSURANCE COMPANY OF CONNECTICUT, A CONNECTICUT INSURANCE COMPANY. (HEREINAFTER INDIVIDUALLY OR COLLECTIVELY REFERRED TO AS "THE CEDING COMPANY" OR "COMPANIES") and SCOR GLOBAL LIFE USA REINSURANCE COMPANY (HEREINAFTER REFERRED TO AS "THE REINSURER") This Agreement originally executed effective January 1, 2012, as amended, is hereby amended, effective July 31, 2014. WHEREAS, the Agreement was originally with Generali USA Life Reassurance Company, and WHEREAS, SCOR Global Life USA Reinsurance Company was formerly known as Generali USA Life Reassurance Company; NOW THEREFORE, in consideration of the mutual and foregoing recital and the mutual covenants and undertakings herein contained, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows. 1. CANCELLATION OF NEW BUSINESS - After July 31, 2014, the Ceding Company will no longer cede and the Reinsurer will no longer accept new business under this Agreement. All terms, provisions, and conditions of this Agreement will continue unchanged except as specifically revised in this Amendment. Page 1 of 3 In witness of the above, THE METROPOLITAN LIFE INSURANCE COMPANIES WHICH SHALL INCLUDE THE FOLLOWING COMPANIES: METROPOLITAN LIFE INSURANCE COMPANY, A NEW YORK INSURANCE COMPANY, NEW ENGLAND LIFE INSURANCE COMPANY, A MASSACHUSETTS INSURANCE COMPANY, GENERAL AMERICAN LIFE INSURANCE COMPANY, A MISSOURI INSURANCE COMPANY, METLIFE INVESTORS USA INSURANCE COMPANY, A DELAWARE INSURANCE COMPANY, METLIFE INVESTORS INSURANCE COMPANY, A MISSOURI INSURANCE COMPANY, FIRST METLIFE INVESTORS INSURANCE COMPANY, A NEW YORK INSURANCE COMPANY, METROPOLITAN TOWER LIFE INSURANCE COMPANY, A DELAWARE INSURANCE COMPANY, AND METLIFE INSURANCE COMPANY OF CONNECTICUT, A CONNECTICUT INSURANCE COMPANY. ("THE CEDING COMPANY" OR "COMPANIES") and SCOR GLOBAL LIFE USA REINSURANCE COMPANY ("THE REINSURER") have by their respective officers executed and delivered this Amendment, effective July 31, 2014. METROPOLITAN LIFE INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Senior Vice President ---------------------------------- NEW ENGLAND LIFE INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- GENERAL AMERICAN LIFE INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- Page 2 of 3 METLIFE INSURANCE COMPANY USA AS SUCCESSOR IN INTEREST TO METLIFE INVESTORS USA INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- METLIFE INSURANCE COMPANY USA AS SUCCESSOR IN INTEREST TO METLIFE INVESTORS INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- FIRST METLIFE INVESTORS INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- METROPOLITAN TOWER LIFE INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- METLIFE INSURANCE COMPANY USA AS SUCCESSOR IN INTEREST TO METLIFE INSURANCE COMPANY OF CONNECTICUT By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- SCOR GLOBAL LIFE USA REINSURANCE COMPANY By: /s/ Eric B. Wilmer By: /s/ David A. Gates ------------------------------- ------------------------------ Name: Eric B. Wilmer Name: David A. Gates ------------------------------- ------------------------------ Title: AVP & Asst. Secretary Title: SVP ------------------------------- ------------------------------ Page 3 of 3 In witness of the above, THE METROPOLITAN LIFE INSURANCE COMPANIES WHICH SHALL INCLUDE THE FOLLOWING COMPANIES: METROPOLITAN LIFE INSURANCE COMPANY, A NEW YORK INSURANCE COMPANY, NEW ENGLAND LIFE INSURANCE COMPANY, A MASSACHUSETTS INSURANCE COMPANY, GENERAL AMERICAN LIFE INSURANCE COMPANY, A MISSOURI INSURANCE COMPANY, METLIFE INVESTORS USA INSURANCE COMPANY, A DELAWARE INSURANCE COMPANY, METLIFE INVESTORS INSURANCE COMPANY, A MISSOURI INSURANCE COMPANY, FIRST METLIFE INVESTORS INSURANCE COMPANY, A NEW YORK INSURANCE COMPANY, METROPOLITAN TOWER LIFE INSURANCE COMPANY, A DELAWARE INSURANCE COMPANY, AND METLIFE INSURANCE COMPANY OF CONNECTICUT, A CONNECTICUT INSURANCE COMPANY. ("THE CEDING COMPANY" OR "COMPANIES") and GENERALI USA LIFE REASSURANCE COMPANY, A MISSOURI REINSURANCE COMPANY ("THE REINSURER") have by their respective officers executed and delivered this Amendment, effective SEPTEMBER 3, 2013. METROPOLITAN LIFE INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Senior Vice President ---------------------------------- NEW ENGLAND LIFE INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- Page 3 of 20 GENERAL AMERICAN LIFE INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- METLIFE INVESTORS USA INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- METLIFE INVESTORS INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- FIRST METLIFE INVESTORS INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- METROPOLITAN TOWER LIFE INSURANCE COMPANY By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- Page 4 of 20 METLIFE INSURANCE COMPANY OF CONNECTICUT By: /s/ Roberto Baron ---------------------------------- Name: Roberto Baron ---------------------------------- Title: Vice President ---------------------------------- GENERALI USA LIFE REASSURANCE COMPANY By: /s/ Nancy Pike By: /s/ David A. Gates ------------------------------- ------------------------------ Name: Nancy Pike Name: David A. Gates ------------------------------- ------------------------------ Title: Asst. Registrar Title: SVP ------------------------------- ------------------------------ Page 5 of 20 ARTICLE IV REINSURANCE PREMIUMS -------------------- A. Life reinsurance shall be on the yearly renewable term basis for the net amount at risk (death benefit less cash value or fund value) on that portion of the policy which is reinsured by the Reinsurer. Premiums and allowances shall be based on the rates specified in Exhibit IV. For purposes of calculating the net amount at risk, the accelerations of death benefit for chronic illness under the Enhanced Care Acceleration Rider (ECAR) are ignored. B. The Reinsurer shall not indemnify the Ceding Company for premium taxes or guaranty fund assessments. In the event that the Reinsurer becomes an alien company, the Reinsurer shall reimburse the Ceding Company for any federal excise tax payable on business ceded under this Agreement. C. The Ceding Company shall report and pay reinsurance premiums on an annual basis in advance without regard to the Policy mode of premium payment. D. For technical reasons relating to statutory reserve requirements, the YRT rates described in Exhibit IV cannot be guaranteed for more than one year. The Reinsurer anticipates continuing to accept premiums on the basis of the YRT rates described in Exhibit IV. The guaranteed reinsurance premium for each age and duration shall be the higher of the premium based on the reinsurance rates shown in Exhibit IV or the premium based on the statutory minimum valuation mortality table, as specified in Exhibit III, and the statutory maximum valuation interest rate permitted for the underlying Policy under the National Association of Insurance Commissioners' Standard Valuation Law. E. During the fifteen (15) years following the issue date of the original Policy, the Reinsurer may increase the YRT rates only due to actual mortality experience poorer than originally priced for on this business and all similar business and only if the Reinsurer also concurrently increases the reinsurance rates on all similar business by a like amount. Similar business would include all reinsurance assumed on fully underwritten products issued in the five (5) years prior or subsequent to the effective date of the Agreement where the Reinsurer has the right to raise rates. Notwithstanding the above, if the Ceding Company increases it's charges to the Policyholder based on changes in actual or expected mortality, the Reinsurer may increase rates on this Agreement on a consistent basis. The Reinsurer shall provide one hundred and eighty (180) days written notice prior to any increase in YRT rates taking effect. Should the Reinsurer at any time be required to establish or maintain any additional reserves, including deficiency reserves, on the inforce business ceded under this Agreement by the insurance regulatory authority in its state of domicile by virtue of the assurances provided above, upon the Reinsurer's written notice to the Ceding Company, this Section E will be modified and amended as mutually agreed upon by the Ceding Company and Reinsurer to eliminate any additional reserves, including deficiency reserves, on the inforce business ceded under this Agreement. If, after thirty (30) days following this Page 6 of 20 notice, this Section E language cannot be agreed to by the Ceding Company and the Reinsurer, the first paragraph of this Section E will be deleted without any further formalities or actions. F. For Policies that terminate, reduce or change, the Reinsurer shall refund any unearned reinsurance premium net of any allowances. G. For Policies that are reinstated after coverage has ceased, the Ceding Company shall pay to the Reinsurer reinsurance premiums net of any allowances for the period for which the Ceding Company received Policy premiums in arrears. Page 7 of 20 ARTICLE VI CLAIMS ------ A. The Reinsurer shall in all cases be obligated to follow the Ceding Company's fortunes and settlements. The Reinsurer shall be unconditionally bound by the judgment of the Ceding Company as to the obligations and liabilities of the Ceding Company under any Policy. The Ceding Company's decision to pay contractual Policy claims without contest, compromise or litigation shall be unconditionally binding on the Reinsurer. The Reinsurer shall consider participating in the Ceding Company's EX GRATIA payments on a case-by-case basis but is not legally bound to participate in such payments. B. The Ceding Company shall give written notice within a reasonable timeframe of Policy claims to the Reinsurer. In respect of any claim, the Ceding Company shall, at the Reinsurer's request, provide copies to the Reinsurer of the proof of payment by the Ceding Company and a copy of the insured's death certificate. For those claims where documentation is provided, the Reinsurer shall accept copies of the proof of payment by the Ceding Company and copy of the insured's death certificate provided by the Ceding Company as sufficient evidence of the Ceding Company's liability. C. The Ceding Company shall give written notice within a reasonable timeframe to the Reinsurer that the Ceding Company intends to contest, compromise or litigate a Policy claim over $2,000,000. The Ceding Company shall also provide the Reinsurer written notice within a reasonable timeframe of any legal proceedings initiated against the Ceding Company in response to its contest of a Policy claim over $2,000,000. Upon receipt of the Ceding Company's notice of its intent to contest, compromise or litigate a Policy claim, the Reinsurer shall promptly pay its share of the amount that would have been payable had there been no controversy. For any Policy claim of $2,000,000 or less, the Reinsurer shall be deemed to have agreed to participate in the contest; however, for purposes of extra-contractual damages as described in Article XVI, Section I, the Reinsurer shall not be deemed to have agreed in writing to participate in the contest. If the Reinsurer has agreed to participate in the contest and the contest, compromise or litigation results in a reduction in the liability of the Policy, the Reinsurer shall share in the reduction in the same proportion that the amount of reinsurance bore to the amount payable under the terms of the Policy on the date of death of the insured. D. The Reinsurer shall pay its share of specific claim investigation and legal expenses relative to contested, compromised or litigated claims, the investigation of contestable death claims, accelerated death benefit claims, foreign death claims or investigative expenses associated with a fraudulent life insurance matter unless the Reinsurer has discharged its liability in accordance with Section C, above. If the Reinsurer has so discharged its liability, it shall not participate in any expenses incurred thereafter. The Reinsurer shall not be liable for any portion of any administrative expenses incidental to the settlement of claims or for the compensation of salaried officers and employees of the Ceding Company involved in the settlement or investigation of claims, provided however that compensation as used in this Page 8 of 20 paragraph shall not include the hourly fees and expenses associated with the investigation or litigation of a particular claim by salaried officers and employees of the Ceding Company. The Reinsurer shall not be liable for expenses incurred by the Ceding Company solely to resolve a dispute arising out of conflicting claims of entitlement to policy proceeds or benefits. E. In the event that the amount of insurance provided by a Policy or Policies reinsured hereunder shall be increased or reduced because of a misstatement of age or sex established after the death of the insured, the Reinsurer shall share in the increase or reduction in the proportion to the net liability that the Reinsurer bore to the total net liability under the Policy immediately prior to such increase or reduction. The Policy or Policies shall be restated in accordance with the terms and rules of the Ceding Company; however, no adjustment in age or sex shall be deemed to cause a Policy or Policies to exceed the Automatic Binding Limits or Jumbo Limits. Any adjustment for the difference in reinsurance premiums shall be made without interest. F. The Reinsurer shall pay interest on its share of any Policy claim settlement calculated at the same rate and for the same period of time as that used by the Ceding Company. G. The Reinsurer shall share in the same proportion of any claim under an accelerated death benefit rider (and any continued coverage under the policy) that the Reinsurer would share in the absence of the rider. H. The Reinsurer shall pay its share of any death benefit that has been accelerated under ECAR at the time of the insured's death. For any Policy with ECAR where a portion of the death benefit has been accelerated under the rider, the claim includes any amounts accelerated and proof of payment shall include proof of payment for any accelerated payments. For any Policy with ECAR where a portion of the death benefit has been accelerated and the Policy has later terminated, documentation from the Social Security Death Index shall be sufficient evidence of death. I. Policy Rescission: If it is determined that a policy reinsured under this Agreement should be rescinded due to misrepresentation by the policyholder or the insured, the Reinsurer will pay its share of reasonable investigation and legal expenses connected with the rescission action. The Reinsurer shall not be liable for any portion of any administrative expenses incidental to the rescission action or for the compensation of salaried officers and employees of the Ceding Company involved in the rescission action other than third party expenses incurred by the Ceding Company, provided however that compensation as used in this paragraph shall not include the hourly fees and expenses associated with the investigation or litigation of a particular rescission by salaried officers and employees of the Ceding Company. If the Ceding Company returns premiums to the policy owner or beneficiary as a result of misrepresentation, or if the Ceding Company pays a suicide benefit equal to the premiums paid for the policy, the Reinsurer will refund net Page 9 of 20 reinsurance premiums received on that policy to the Ceding Company, without interest. Page 10 of 20 EXHIBIT III POLICIES AND RIDERS ------------------- The Policies and Riders underwritten by or on behalf of the Ceding Companies or simplified issue with fully underwritten rates, as described below may be ceded hereunder:
STATUTORY VALUATION REINSURANCE REINSURANCE REINSURANCE REINSURANCE CEDING MORTALITY RATES TO BE PRODUCT CATEGORY BASIS MAXIMUM AGE TABLE COMPANY TABLE USED ------- ----------- ------------- ----------- -------------- ---------- --------- --------------- 90-95modified MLI 6 Class GLT Term Excess 100 - UW.xls USA/FMLI 2001 CSO Level Term 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class (joint JSUL 2005 Product First Dollar 120 120.xls USA 2001 CSO life) Permanent - 5 class (single life); Permanent - 4 class (single life); 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 2 class GAUL07 Product First Dollar 121 120.xls USA 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class EAVUL08 Product Excess 121 120.xls USA 2001 CSO (single life) Life Paid up at 90-95modified Permanent - Age 100 (WL UL/Accum - UW to age 5 class 08) Product Excess 121 120.xls MLIC 2001 CSO (single life) Permanent - EEA COLI UL/Accum 90-95modified 5 class (2001 CSO) Product Excess 100 - UW.xls NELICO 2001 CSO (single life) Permanent - UL/Accum 90-95modified 4 class PPVUL Product Excess 100 - UW.xls GALIC 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW - 2 class Premier BOLI Product Excess 100 ALB.xls MLIC 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class LASUL 09 Product First Dollar 120 120.xls USA 2001 CSO (joint life) Permanent - 5 class (single life); Permanent - 4 class (single life); 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 2 class GAUL 09 Product First Dollar 121 120.xls USA 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class WL 10 Product Excess 120 120.xls USA 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class (joint LASUL 11 Product First Dollar 120 120.xls USA 2001 CSO life)
Page 11 of 20
STATUTORY VALUATION REINSURANCE REINSURANCE REINSURANCE REINSURANCE CEDING MORTALITY RATES TO BE PRODUCT CATEGORY BASIS MAXIMUM AGE TABLE COMPANY TABLE USED ------- ----------- ------------ ----------- ------------- --------- --------- -------------- Permanent - 5 class (single life); Permanent - 4 class (single life); 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 2 class GAUL 11 Product First Dollar 121 120.xls USA 2001 CSO (single life) Life Paid up at 90-95modified Permanent - Age 120 UL/Accum - UW to age MLIC, MLI 5 class (L120) Product Excess 120 120.xls USA 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class LASUL 12 Product First Dollar 120 120.xls USA 2001 CSO (joint life) Permanent - 5 class (single life); Permanent - 4 class (single life); 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 2 class GAUL 12 Product First Dollar 121 120.xls USA 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class LGUL 12 Product Excess 121 120.xls USA 2001 CSO (single life) 90-95modified MLIC, MLI 6 Class CDT Term Excess 100 - UW.xls USA 2001 CSO Level Term 90-95modified MLIC, MLI 2 Class One OYT Term Excess 100 - UW.xls USA 2001 CSO Year Term OYT w Convertible & Renewable 90-95modified MLIC, MLI 6 Class One Options rider Term Excess 100 - UW.xls USA 2001 CSO Year Term 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class LP 10 Product Excess 120 120.xls USA 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class LP 20 Product Excess 120 120.xls USA 2001 CSO (single life) 90-95modified Permanent - UL/Accum - UW to age MLIC, MLI 5 class LP 65 Product Excess 120 120.xls USA 2001 CSO (single life) 6 class Level Term (Elite + NS, Elite NS, Pref NS, Std 90-95modified MLIC, MLI NS, Pref SM, GLT 13 Term Excess 100 - UW.xls USA 2001 CSO Std SM )
Product ------- GLT - Guaranteed Level Term JSUL 2005 - Joint Universal Life with Secondary Guarantee GAUL07 - Universal Life with Secondary Guarantee Page 12 of 20 EAVUL08 - Variable Universal Life Life Paid up at Age 100 (WL08) - Whole Life EEA COLI (2001 CSO) - Variable Universal Life PPVUL - Variable Universal Life Premier BOLI - Universal Life LASUL 09 - Joint Universal Life with Secondary Guarantee GAUL 09 - Universal Life with Secondary Guarantee WL 10 - Whole Life LASUL 11 - Joint Universal Life with Secondary Guarantee GAUL 11 - Universal Life with Secondary Guarantee Life Paid up at Age 120 (L120) - Whole Life LASUL 12 - Joint Universal Life with Secondary Guarantee GAUL 12 - Universal Life with Secondary Guarantee LGUL 12 - Universal Life with Secondary Guarantee CDT - Guaranteed Level Term OYT - One Year Term OYT w/ Convertible & Renewable Options rider - One Year Term LP10 - Whole Life LP20 - Whole Life LP65 - Whole Life GLT 13 - Guaranteed Level Term Riders attached to the listed plans ----------------------------------- ADBR - Accelerated Death Benefit Rider Preliminary Term/Temporary Term ART - Annually Renewable Term JTCR - Joint Term Coverage Rider RPR - Return of Premium Rider EPTR - Estate Preservation Term Rider SFIO - Scheduled Face Increase Option PAIR - Option to Purchase Additional Insurance Rider Inside Term Rider Outside Term Rider FTR - Flexible Term Rider ECAR - Enhanced Care Acceleration Rider Other ----- The Reinsurer shall pay its share of any claim after the Reinsurance Maximum Age under the extended maturity coverage, including interest, as defined in Article VI. For joint life policies with one life insurable, this will be the Reinsurance Maximum Age of the insurable life and for joint life policies with both lives insurable, this will be the Reinsurance Maximum Age of the younger insured. Products not listed above resulting from the exercise of business exchanges, policy split options, and purchase options shall be covered on an excess reinsurance basis. For Policies ceded with RPR/SFIO riders, the maximum net amount at risk illustrated at the time of issue shall be used for purposes of underwriting, autobind limits, and jumbo limits. For Policies ceded facultatively with RPR rider, the ultimate amount ceded to the Reinsurers shall not exceed the maximum net amount at risk included in the facultative offers from the Reinsurers. Page 13 of 20 EXHIBIT IV TABLE A ------- Joint Life Minimum Premium Per Thousand: 0.15 For policies with a Reinsurance Basis of Excess and Reinsurance Category of Term -------------------------------------------------------------------------------- 6 Class Level Term - T10
Female Female Male Male Risk Class Rate Table Class Yrs 1-10 Yrs 11 + Yrs 1-10 Yrs 11+ Elite+ NS Elite Nonsmoker 63.0% 157.3% 55.0% 137.5% Pref+ NS Elite Nonsmoker 68.2% 170.4% 57.7% 144.1% Std+ NS Preferred Nonsmoker 60.7% 151.6% 53.2% 132.9% Std NS Standard (Residual) Nonsmoker 63.3% 157.8% 54.4% 136.0% Pref SM Preferred Smoker 75.1% 187.5% 85.7% 214.1% Std SM Standard (Residual) Smoker 79.5% 198.5% 78.5% 196.2% 6 Class Level Term - T15 Female Female Male Male Risk Class Rate Table Class Yrs 1-15 Yrs 16+ Yrs 1-15 Yrs 16+ Elite+ NS Elite Nonsmoker 59.9% 149.5% 52.4% 130.8% Pref+ NS Elite Nonsmoker 64.3% 160.5% 55.9% 139.5% Std+ NS Preferred Nonsmoker 58.8% 147.0% 50.8% 127.0% Std NS Standard (Residual) Nonsmoker 58.8% 147.0% 50.0% 124.8% Pref SM Preferred Smoker 73.2% 182.9% 84.0% 209.8% Std SM Standard (Residual) Smoker 77.1% 192.5% 76.7% 191.5% 6 Class Level Term - T20 Female Female Female Male Male Male Risk Class Rate Table Class Yrs 1-15 Yrs 16-20 Yrs 21 + Yrs 1-15 Yrs 16-20 Yrs 21+ Elite+ NS Elite Nonsmoker 62.3% 60.1% 150.1% 54.9% 56.6% 141.2% Pref+ NS Elite Nonsmoker 64.2% 65.4% 163.4% 57.6% 58.3% 145.6% Std+ NS Preferred Nonsmoker 63.4% 59.0% 147.5% 54.6% 53.3% 133.2% Std NS Standard (Residual) Nonsmoker 60.1% 55.9% 139.5% 53.3% 50.6% 126.5% Pref SM Preferred Smoker 71.7% 89.1% 222.8% 79.7% 101.3% 253.2% Std SM Standard (Residual) Smoker 76.3% 88.4% 220.8% 74.6% 91.3% 227.9%
Page 14 of 20 6 Class Level Term - T30 Female Female Female Male Male Male Risk Class Rate Table Class Yrs 1-15 Yrs 16-30 Yrs 31+ Yrs 1-15 Yrs 16-30 Yrs 31+ Eiite+ NS Elite Nonsmoker 66.4% 54.6% 136.5% 59.6% 58.9% 147.3% Pref+ NS Elite Nonsmoker 68.8% 56.3% 140.5% 65.9% 62.7% 156.6% Std+ NS Preferred Nonsmoker 71.2% 53.6% 133.9% 62.4% 55.4% 138.4% Std NS Standard (Residual) Nonsmoker 61.7% 45.5% 113.6% 64.3% 53.7% 134.3% Pref SM Preferred Smoker 69.1% 75.9% 189.7% 71.9% 90.2% 225.6% Std SM Standard (Residual) Smoker 76.1% 77.2% 192.7% 70.8% 84.2% 210.3% 2 Class One Year Term Female Male Risk Class Rate Table Class Yr 1 Yr 1 Std NS Standard (Residual) Nonsmoker 74.1% 63.7% Std SM Standard (Residual) Smoker 93.1% 91.9% 6 Class One Year Term Female Male Risk Class Rate Table Class Yrs 1-5 Yrs 1-5 Elite+ NS Elite Nonsmoker 66.8% 58.3% Pref+ NS Elite Nonsmoker 72.3% 61.2% Std+ NS Preferred Nonsmoker 64.4% 56.4% Std NS Standard (Residual) Nonsmoker 67.1% 57.7% Pref SM Preferred Smoker 79.7% 90.9% Std SM Standard (Residual) Smoker 84.3% 83.3% 6 Class Level Term (Elite + NS, Elite NS, Pref NS, Std NS, Pref SM, Std SM ) - T10 Female Female Male Male Risk Class Rate Table Class Yrs 1-10 Yrs 11+ Yrs 1-10 Yrs 11+ Elite+ NS Elite Nonsmoker 63.0% 157.3% 55.0% 137.5% Elite NS Elite Nonsmoker 68.2% 170.4% 57.7% 144.1% Pref NS Preferred Nonsmoker 60.7% 151.6% 53.2% 132.9% Std NS Standard (Residual) Nonsmoker 63.3% 157.8% 54.4% 136.0% Pref SM Preferred Smoker 75.1% 187.5% 85.7% 214.1% Std SM Standard (Residual) Smoker 79.5% 198.5% 78.5% 196.2%
35 6 Class Level Term (Elite + NS, Elite NS, Pref NS, Std NS, Pref SM, Std SM ) - T15 Female Female Male Male Risk Class Rate Table Class Yrs 1-15 Yrs 16+ Yrs 1-15 Yrs 16+ Elite+ NS Elite Nonsmoker 59.9% 149.5% 52.4% 130.8% Elite NS Elite Nonsmoker 64.3% 160.5% 55.9% 139.5% Pref NS Preferred Nonsmoker 58.8% 147.0% 50.8% 127.0% Std NS Standard (Residual) Nonsmoker 58.8% 147.0% 50.0% 124.8% Pref SM Preferred Smoker 73.2% 182.9% 84.0% 209.8% Std SM Standard (Residual) Smoker 77.1% 192.5% 76.7% 191.5% 6 Class Level Term (Elite + NS, Elite NS, Pref NS, Std NS, Pref SM, Std SM ) - T20 Female Female Female Male Male Male Risk Class Rate Table Class Yrs 1-15 Yrs 16-20 Yrs 21+ Yrs 1-15 Yrs 16-20 Yrs 21+ Elite+ NS Elite Nonsmoker 62.3% 60.1% 150.1% 54.9% 56.6% 141.2% Elite NS Elite Nonsmoker 64.2% 65.4% 163.4% 57.6% 58.3% 145.6% Pref NS Preferred Nonsmoker 63.4% 59.0% 147.5% 54.6% 53.3% 133.2% Std NS Standard (Residual) Nonsmoker 60.1% 55.9% 139.5% 53.3% 50.6% 126.5% Pref SM Preferred Smoker 71.7% 89.1% 222.8% 79.7% 101.3% 253.2% Std SM Standard (Residual) Smoker 76.3% 88.4% 220.8% 74.6% 91.3% 227.9% 6 Class Level Term (Elite + NS, Elite NS, Pref NS, Std NS, Pref SM, Std SM ) - T30 Female Female Female Male Male Male Risk Class Rate Table Class Yrs 1-15 Yrs 16-30 Yrs 31+ Yrs 1-15 Yrs 16-30 Yrs 31+ Elite+ NS Elite Nonsmoker 66.4% 54.6% 136.5% 59.6% 58.9% 147.3% Elite NS Elite Nonsmoker 68.8% 56.3% 140.5% 65.9% 62.7% 156.6% Pref NS Preferred Nonsmoker 71.2% 53.6% 133.9% 62.4% 55.4% 138.4% Std NS Standard (Residual) Nonsmoker 61.7% 45.5% 113.6% 64.3% 53.7% 134.3% Pref SM Preferred Smoker 69.1% 75.9% 189.7% 71.9% 90.2% 225.6% Std SM Standard (Residual) Smoker 76.1% 77.2% 192.7% 70.8% 84.2% 210.3%
36 For policies with a Reinsurance Basis of First Dollar and Reinsurance Category ------------------------------------------------------------------------------ of UL/Accumulation ------------------ Permanent Fully Underwritten 5-Class - Single Life -$1,000,000 + Female Female Female Female Female Female Female Female IA 0-17 IA 18-70 IA 71-80 IA 81-85 IA 0-17 IA 18-70 IA 71-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Yrs 16+ Elite NS Elite Nonsmoker 56.1% 63.6% 76.5% 82.2% Pref NS Preferred Nonsmoker 59.1% 65.2% 74.4% 69.3% Std NS Standard (Residual) Nonsmoker 59.3% 68.6% 68.6% 70.5% 60.0% 60.0% Pref SM Preferred Smoker 77.0% 149.9% 132.7% 176.4% Std SM Standard (Residual) Smoker 80.3% 162.3% 162.3% 123.1% 184.8% 184.8% Agg Aggregate 59.3% 70.5% Male Male Male Male Male Male Male Male IA 0-17 IA 18-70 IA 71-80 IA 81-85 IA 0-17 IA 18-70 IA 71-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Yrs 16+ Elite NS Elite Nonsmoker 46.2% 50.2% 56.2% 66.9% Pref NS Preferred Nonsmoker 49.7% 50.2% 54.4% 57.8% Std NS Standard (Residual) Nonsmoker 46.8% 51.7% 51.7% 48.4% 53.1% 53.1% Pref SM Preferred Smoker 89.0% 139.0% 133.9% 149.7% Std SM Standard (Residual) Smoker 80.2% 147.1% 147.1% 115.6% 134.3% 134.3% Agg Aggregate 46.8% 48.4% Permanent Fully Underwritten 5-Class - Single Life - $250,000 - $999,999 Female Female Female Female Female Female Female Female IA 0-17 IA 18-70 IA 71-80 IA 81-85 IA 0-17 IA 18-70 IA 71-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Yrs 16+ Elite NS Elite Nonsmoker 75.1% 85.8% 98.3% 107.0% Pref NS Preferred Nonsmoker 74.0% 81.1% 97.4% 91.7% Std NS Standard (Residual) Nonsmoker 75.9% 82.5% 82.5% 93.9% 81.0% 81.0% Pref SM Preferred Smoker 103.4% 202.3% 171.5% 241.6% Std SM Standard (Residual) Smoker 108.2% 219.0% 219.0% 159.5% 257.8% 257.8% Agg Aggregate 75.9% 93.9% Male Male Male Male Male Male Male Male IA 0-17 IA 18-70 IA 71-80 IA 81-85 IA 0-17 IA 18-70 IA 71-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Yrs 16+ Elite NS Elite Nonsmoker 60.9% 68.3% 72.8% 87.7% Pref NS Preferred Nonsmoker 63.4% 68.2% 70.6% 76.1% Std NS Standard (Residual) Nonsmoker 61.6% 67.9% 67.9% 62.9% 67.2% 67.2% Pref SM Preferred Smoker 119.8% 189.0% 175.6% 205.4% Std SM Standard (Residual) Smoker 108.3% 170.9% 170.9% 152.9% 184.7% 184.7% Agg Aggregate 61.6% 62.9%
Page 17 of 20 Permanent Fully Underwritten 4-Class - Single Life - $100,000 - $249,999 Female Female Female Female Female Female Female Female IA 0-17 IA 18-70 IA 71-80 IA 81-85 IA 0-17 IA 18-70 IA 71-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Yrs 16+ Pref NS Preferred Nonsmoker 74.0% 81.1% 97.4% 91.7% Std NS Standard (Residual) Nonsmoker 75.9% 82.5% 82.5% 93.9% 81.0% 81.0% Pref SM Preferred Smoker 103.4% 202.3% 171.5% 241.6% Std SM Standard (Residual) Smoker 108.2% 219.0% 219.0% 159.5% 257.8% 257.8% Agg Aggregate 75.9% 93.9% Male Male Male Male Male Male Male Male IA 0-17 IA 18-70 IA 71-80 IA 81-85 IA 0-17 IA 18-70 IA 71-80 IA 81-85 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Yrs 16+ Pref NS Preferred Nonsmoker 63.4% 68.2% 70.6% 76.1% Std NS Standard (Residual) Nonsmoker 61.6% 67.9% 67.9% 62.9% 67.2% 67.2% Pref SM Preferred Smoker 119.8% 189.0% 175.6% 205.4% Std SM Standard (Residual) Smoker 108.3% 170.9% 170.9% 152.9% 184.7% 184.7% Agg Aggregate 61.6% 62.9% Permanent Fully Underwritten 2-Class - Single Life - < $100,000 Female Female Female Female Female Female Female Female IA 0-17 IA 18-70 IA 71-80 IA 81-85 IA 0-17 IA 18-70 IA 71-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Yrs 16+ Std NS Standard (Residual) Nonsmoker 83.4% 95.5% 95.5% 102.7% 93.8% 93.8% Std SM Standard (Residual) Smoker 113.8% 228.2% 228.2% 166.4% 272.9% 272.9% Agg Aggregate 83.4% 102.7% Male Male Male Male Male Male Male Male IA 0-17 IA 18-70 IA 71-80 IA 81-85 IA 0-17 IA 18-70 IA 71-80 IA 81-85 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Yrs 16+ Std NS Standard (Residual) Nonsmoker 67.8% 77.5% 77.5% 69.1% 77.5% 77.5% Std SM Standard (Residual) Smoker 121.3% 191.2% 191.2% 169.0% 208.4% 208.4% Agg Aggregate 67.8% 69.1% Permanent Fully Underwritten 5-Class - Joint Life - $1,000,000 + IA 18-70 IA 71-80 IA 81-90 IA 18-70 IA 71-80 IA 81-90 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Elite NS Elite Nonsmoker 59.8% 74.4% 78.1% 75.0% Pref NS Preferred Nonsmoker 60.6% 69.0% 69.1% 63.9% Std NS Standard (Residual) Nonsmoker 62.3% 66.9% 66.9% 61.2% 58.4% 58.4% Pref SM Preferred Smoker 105.1% 180.4% 164.6% 155.1% Std SM Standard (Residual) Smoker 95.6% 194.8% 194.8% 146.2% 162.8% 162.8%
Page 18 of 20 Permanent Fully Underwritten 5-Class - Joint Life - $250,000 - $999,999
IA 18-70 IA 71-80 IA 81-90 IA 18-70 IA 71-80 IA 81-90 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Elite NS Elite Nonsmoker 61.5% 84.2% 91.4% 93.2% Pref NS Preferred Nonsmoker 66.7% 78.8% 82.4% 79.7% Std NS Standard (Residual) Nonsmoker 69.0% 72.7% 72.7% 74.2% 71.7% 71.7% Pref SM Preferred Smoker 121.2% 219.8% 202.5% 210.6% Std SM Standard (Residual) Smoker 111.6% 240.4% 240.4% 181.2% 224.9% 224.9%
Page 19 of 20 For policies with a Reinsurance Basis of Excess and Reinsurance Category ------------------------------------------------------------------------ of UL/Accumulation ------------------ Permanent Fully Underwritten 5-Class - Single Life Female Female Female Female Female Female IA 0-17 IA 18-80 IA 81-85 IA 0-17 IA 18-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Elite NS Elite Nonsmoker 68.1% 75.2% Pref NS Preferred Nonsmoker 63.4% 65.4% Std NS Standard (Residual) Nonsmoker 64.1% 64.1% 60.9% 60.9% Pref SM Preferred Smoker 81.3% 115.0% Std SM Standard (Residual) Smoker 85.7% 85.7% 109.7% 109.7% Agg Aggregate 64.1% 60.9% Male Male Male Male Male Male IA 0-17 IA 18-80 IA 81-85 IA 0-17 IA 18-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Elite NS Elite Nonsmoker 58.1% 62.8% Pref NS Preferred Nonsmoker 56.6% 55.8% Std NS Standard (Residual) Nonsmoker 57.3% 57.3% 52.1% 52.1% Pref SM Preferred Smoker 90.9% 123.2% Std SM Standard (Residual) Smoker 83.2% 83.2% 108.5% 108.5% Agg Aggregate 57.3% 52.1% Permanent Fully Underwritten 4-Class - Single Life Female Female Female Female Female Female IA 0-17 IA 18-80 IA 81-85 IA 0-17 IA 18-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Pref NS Preferred Nonsmoker 62.1% 64.1% Std NS Standard (Residual) Nonsmoker 64.0% 64.0% 60.8% 60.8% Pref SM Preferred Smoker 81.3% 114.9% Std SM Standard (Residual) Smoker 85.7% 85.7% 109.7% 109.7% Agg Aggregate 64.0% 60.8% Male Male Male Male Male Male IA 0-17 IA 18-80 IA 81-85 IA 0-17 IA 18-80 IA 81-85 Risk Class Rate Table Class Yrs 1-15 Yrs 1-15 Yrs 1-15 Yrs 16+ Yrs 16+ Yrs 16+ Pref NS Preferred Nonsmoker 56.0% 55.2% Std NS Standard (Residual) Nonsmoker 57.3% 57.3% 52.0% 52.0% Pref SM Preferred Smoker 90.8% 123.1% Std SM Standard (Residual) Smoker 83.1% 83.1% 108.4% 108.4% Agg Aggregate 57.3% 52.0% Permanent Fully Underwritten 2-Class - Single Life Female Female Male Male IA 20-80 IA 20-80 IA 20-80 IA 20-80 Risk Class Rate Table Class Yrs 1-15 Yrs 16+ Yrs 1-15 Yrs 16+ Std NS Standard (Residual) Nonsmoker 62.2% 59.0% 57.3% 52.0% Std SM Standard (Residual) Smoker 80.5% 103.1% 79.9% 104.1%
Page 20 of 20 COX, PATRISHA -------------------------------------------------------------------------------- FROM: SCOR Global Life Americas SENT: Monday, November 25, 2013 1:02 PM TO: SCOR Global Life Americas SUBJECT: New Name - SCOR Global Life USA Reinsurance Company [LOGO OF SCOR Global Life] November 25, 2013 Dear Valued Client, As you know, on October 1, SCOR successfully closed the acquisition of 100% of Generali U.S. Holdings, Inc., the holding company for Generali USA Life Reassurance Company ("Generali USA"), which then became part of SCOR Global Life Americas. We're pleased to inform you that the Delaware Department of Insurance has approved the name change from Generali USA Life Reassurance Company to SCOR Global Life USA Reinsurance Company (SGL-USA). The NAIC number (97071) remains the same. The legal entity names have not changed for SCOR Global Life Americas Reinsurance Company or SCOR Global Life Reinsurance Company of Texas. SGL-USA operates under the marketing name of "SCOR Global Life Americas." However, our new reinsurance and other agreements will begin using the SGL-USA legal entity name. There is no requirement that documents utilizing the old Generali USA be amended to reflect the new name. Of course, if there is a business need for an amendment to an existing agreement, we anticipate adding appropriate language referencing that circumstance. As we've communicated previously, since the purchase of SGL-USA was executed via a stock acquisition, all of its existing treaties will remain in force and there is no need for novations or other similar activity. We would like to take this opportunity to thank you once again for your support during the sale process and the integration into the SCOR organization. Please do not hesitate to call your account executive or me at any time if you have questions about these or other matters. 1 Sincerely, /s/ J.C. Brueckner -------------------------- J.C. Brueckner Head of US Life Reinsurance SCOR GLOBAL LIFE USA REINSURANCE COMPANY Tel: (913) 901-4600 11625 Rosewood Street, Suite 300 Fax: (913) 901-4778 Leawood, KS 66211 WWW.SCOR.COM/SGLA ----------------- United States Ce message, ainsi que les pieces jointes, sont exclusivement destines aux personnes dont le nom figure ci-dessus. Ils peuvent contenir des informations confidentielles dont la divulgation est a ce titre rigoureusement interdite. Dans l'hypothese ou vous auriez recu ce message par erreur, merci de le supprimer et d'en avertir l'expediteur a l'adresse e-mail ci-dessus. Diese E-Mail, einschliesslich angehangter Dateien, kann vertrauliche und/oder rechtlich geschutzte Informationen enthalten. Wenn Sie nicht der beabsichtigte Empfanger sind oder diese E-Mail irrtumlich erhalten haben, informieren Sie bitte sofort den Absender per E-Mail und loschen Sie diese E-Mail aus Ihrem System. Das unerlaubte Kopieren sowie die unbefugte Weitergabe dieser E-Mail ist nicht gestattet. ******************************************************************************* ********************************************* ********************************** This message, including attachments, is intended for the above-mentioned addressees only. It may contain confidential information the review, dissemination or disclosure of which is strictly prohibited. Should you receive this message in error, please delete it and notify the sender to the e-mail address indicated above. 2 COX, PATRISHA -------------------------------------------------------------------------------- FROM: Cox, Patrisha SENT: Wednesday, November 19, 2014 11:23 AM TO: 'VILLA Manny' SUBJECT: Notice for MetLife Insurance Company of Connecticut, MetLife Investors Insurance Company, MetLife Investors USA Insurance Company and Exeter Reassurance Company, Ltd. Please be advised that in connection with an internal restructuring effective on November 14, 2014, MetLife Insurance Company of Connecticut has been redomiciled from Connecticut to Delaware and renamed MetLife Insurance Company USA ("MICUSA"). In addition, effective on November 14, 2014, MetLife Investors Insurance Company (currently domiciled in Missouri), MetLife Investors USA Insurance Company (currently domiciled in Delaware) and Exeter Reassurance Company, Ltd. (currently domiciled in Delaware) have been merged with and into MetLife Insurance Company USA, with MICUSA being the surviving entity in each of those mergers. Accordingly, effective as of the effective time of the name change, each existing reinsurance agreement with MetLife Insurance Company of Connecticut has continued with the company under the new name of MetLife Insurance Company USA. Accordingly, effective as of the effective time of the applicable merger, each existing reinsurance agreement with MetLife Investors Insurance Company, MetLife Investors USA Insurance Company and Exeter Reassurance Company, Ltd. has become a reinsurance agreement with their successor MetLife Insurance Company USA. MetLife Investors Insurance Company, MetLife Investors USA Insurance Company and Exeter Reassurance Company, Ltd. no longer exist and all of their rights and obligations have become, by operation of law, rights and obligations of MICUSA. For your information, MetLife Insurance Company USA's Employer ID Number will remain 06-0566090 and NAIC Company Code is 87726. Please file this notice in all affected reinsurance agreements. We look forward to our continuing reinsurance relationship with you. /s/ Trisha Cox -------------------------- Trisha Cox, FSA, MAAA Asst. Vice President & Actuary MetLife tcox1@metlife.com ----------------- (617)578-4697 (phone) 1