EX-99.(G)(5)(II) 6 a13-3042_1ex99dg5ii.txt EX-99.(G)(5)(II) AMENDMENT 6 EFFECTIVE OCTOBER 1, 2008 TO THE AUTOMATIC AND FACULTATIVE MONTHLY RENEWABLE TERM REINSURANCE AGREEMENT EFFECTIVE OCTOBER 1, 2008 BETWEEN HARTFORD LIFE INSURANCE COMPANY ("CEDING COMPANY") AND TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY ("REINSURER") ("AGREEMENT") WHEREAS, the Reinsurer currently reinsures the Ceding Company's plans or policies under the Agreement; and WHEREAS, the Ceding Company and the Reinsurer wish to clarify Section III. A.1 to indicate that the insured must satisfy only one of the requirements listed; and WHEREAS, the Ceding Company and the Reinsurer wish to amend the Agreement to correct Section III. A.6 to state that the Automatic Binding Limit only applies to Excess Risks; and WHEREAS, the Ceding Company and the Reinsurer wish to clarify the administrative implications of the Reinsurer's liability for riders or policy features that accelerate the death benefit; and WHEREAS, the Ceding Company and the Reinsurer wish to outline how Reinsurance Premiums will be calculated in the event of a specific option's election under the Conversion Option Rider; and WHEREAS, the Ceding Company and the Reinsurer wish to confirm the Reinsurer's liability for policy increases not subject to new underwriting; and WHEREAS, the Ceding Company and the Reinsurer wish to reaffirm the basis for the minimum amount for a facultative reinsurance application; and WHEREAS, the Ceding Company and the Reinsurer wish to correct drafting errors in Schedule F; and WHEREAS, the Ceding Company and the Reinsurer wish to replace Exhibit VII to reflect updated definitions and references. NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, the Ceding Company and the Reinsurer agree as follows: 1. The above recitals are true and accurate and are incorporated herein. 2. Article III is hereby deleted in its entirety and replaced with the attached, revised Article III. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 6 -- Effective 10/01/2008 1 3. Section IV.F is hereby deleted in its entirety and replaced with the following Section IV.F: F. The Reinsurer's liability for reinsurance on each risk will terminate when the Ceding Company's liability terminates, unless it terminates earlier as specified otherwise in this Agreement or later as a result of the full acceleration of the death benefit. 4. Article X is hereby deleted in its entirety and replaced with the attached, revised Article X. 5. Schedule B is hereby deleted in its entirety and replaced with the attached, revised Schedule B. 6. Schedule F is hereby deleted in its entirety and replaced with the attached, revised Schedule F. 7. Exhibit VII is hereby deleted in its entirety and replaced with the attached, revised Exhibit VII. 8. Except as herein amended, all other terms and conditions of the Agreement shall remain in full force and effect and unchanged. In witness of the foregoing, the Ceding Company and the Reinsurer have, by their respective officers, executed this Amendment in duplicate on the dates indicated below. TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY by its Administrator and Attorney-in-Fact SCOR Global Life Re Insurance Company of TX on September 12, 2011 Signature /s/ Glenn Cunningham Signature /s/ Robin S. Blackwell ------------------------------------------- ------------------------------------------- Name in Text Glenn Cunningham Name in Text Robin S.Blackwell Title: Executive Vice President Title: Assistant Vice President SCOR Global Life Re Insurance Company of TX SCOR Global Life Re Insurance Company of TX
HARTFORD LIFE INSURANCE COMPANY By: /s/ Paul Fischer Attest: /s/ Michael Roscoe ------------------------------------------- ------------------------------------------- Name: Paul Fischer, FSA, MAAA Name: Michael Roscoe, FSA, MAAA Title: Assistant Vice President and Actuary Title: Senior Vice President Individual Life Product Management Individual Life Product Management Date: May 23, 2012 Date: 5/31/12
Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 6 -- Effective 10/01/2008 2 ARTICLE III REINSURANCE COVERAGE Reinsurance under this Agreement will apply to those Plans of Insurance and Riders set forth in Schedule A that also fall within a category of policies eligible for reinsurance under this Agreement as described in Schedule F. Such reinsurance shall be either on an automatic basis, subject to the requirements set forth in Section A below, on an automatic processing basis, subject to the requirements set forth in Section B below, or on a facultative basis, subject to the requirements set forth in Section C below. Notwithstanding the foregoing, reinsurance coverage on a facultative basis may also apply on plans of insurance not listed in Schedule A, with the agreement of the Reinsurer. The specifications for all reinsurance under this Agreement are provided in Schedule B. The term "Excess Risk," as used in this Agreement, shall mean a risk for which the amount to be written on a life by the Ceding Company, when added to any other amounts of risk for that life already in the Automatic Pool and any amounts not in the Automatic Pool that are retained by the Ceding Company or its affiliated companies, exceeds, either in whole or in part, the Total Allocation Limit for that life shown in Exhibit II. A. Automatic Reinsurance For each risk that meets the requirements for Automatic Reinsurance as set forth below, the Reinsurer will participate in a reinsurance pool whereby the Reinsurer will automatically reinsure a portion of the risk as indicated in Schedule B ("Automatic Pool"). The requirements for Automatic Reinsurance are as follows: 1. Each life, at the time of application, must satisfy one of the following requirements: a. have been a legal resident of the United States or Canada for at least six months; or b. be a citizen of the United States or Canada; or c. qualify for the Foreign National Underwriting Program as specified in Schedule C. 2. Each risk must be underwritten according to the Ceding Company's Standard Underwriting Practices and Guidelines or one of the special underwriting programs. The Ceding Company's Standard Underwriting Practices and Guidelines as of the Effective Date are described in Schedule E, and the Ceding Company's special underwriting programs as of the Effective Date are described in Schedule C and Schedule D. Changes to such documents will be handled in accordance with Section XXII.M. If the Ceding Company would like to offer coverage at a risk class more favorable than the True Assessed Risk Class, the Ceding Company may: a. Reinsure the risk automatically under this Agreement with Reinsurance Premiums based on the True Assessed Risk Class; or b. Seek to reinsure the risk facultatively under this Agreement at rates more favorable than the True Assessed Risk Class; or c. Decide not to reinsure the risk under this Agreement. For purposes of this Agreement, "True Assessed Risk Class" shall mean the risk class assessed by the Ceding Company prior to any adjustments made as a result of the Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 6 -- Effective 10/01/2008 3 Ceding Company's Enhanced Standard or similar special underwriting program. 3. For any Excess Risk, if a risk on the life of a proposed insured was previously submitted by the Ceding Company on a facultative basis to the Reinsurer or to any other reinsurer, at least three (3) years must have elapsed since that previous risk was submitted facultatively, unless the original reason for submitting facultatively no longer applies. 4. The maximum issue age for each life is 85. For Last Survivor policies, the minimum issue age is 18, for all other policies, the minimum age is 0. 5. The mortality rating on each life does not exceed Table P. However, for Last Survivor policies, one life may be uninsurable if the other life does not exceed Table F. 6. For any Excess Risk, the total amount of risk on that life to be reinsured in the Automatic Pool and under any other individual life reinsurance agreement with any reinsurer does not exceed the Automatic Binding Limit for that life shown in Exhibit II. 7. For any Excess Risk, the total amount of risk on that life in force and applied for in all companies must not exceed the Jumbo Limit for that life shown in Exhibit II. (For Last Survivor risks, see the Last Survivor Limits and Retention Worksheet in Exhibit II.) Any amounts of risk being replaced by the Ceding Company may be deducted from this total amount of risk only under the following conditions: a. Existing permanent insurance is being replaced by the Ceding Company, with or without a Section 1035 exchange, and the Ceding Company has obtained a duly executed absolute assignment of the insurance being replaced; or b. Existing term insurance is being replaced by the Ceding Company, and the Ceding Company has obtained a duly executed absolute assignment of the insurance being replaced; or c. An internal replacement is being made, where the Ceding Company is replacing an in-force policy with a new policy of equal or greater death benefit. When the total amount in force and applied for, that is to be compared with the applicable Jumbo Limit, is reduced due to the above conditions, the Ceding Company assumes full responsibility to effect the cancellation of life insurance coverage under the replaced insurance concurrently with the commencement of coverage under the new policy. If the cancellation does not occur in a timely manner and the failure to cancel results in the new policy causing reinsurance coverage to exceed the applicable Jumbo Limit, then the Reinsurer may (when the Reinsurer becomes aware of the Jumbo Limit violation) decline reinsurance coverage on the new policy during the period of time while both policy coverages are in effect, by written notice to the Ceding Company. Once this notice has been given, the Reinsurer will have no liability for reinsurance coverage on the new policy while both policy coverages are in effect and shall refund to the Ceding Company all related Reinsurance Premiums for the new policy. However, if reinsurance coverage on the new policy is declined for this reason and the cancellation of life insurance coverage under the replaced insurance is later effected, then, upon receipt of the Ceding Company's written notice to this effect, the Reinsurer will again become liable for reinsurance coverage on the new policy as of the effective date of cancellation of coverage under the replaced policy, and Reinsurance Premiums for the new policy will again be payable. 8. If all the other requirements for Automatic Reinsurance are met and the life is a player or Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 6 -- Effective 10/01/2008 4 coach on a team in the National Hockey League, the National Football League, the National Basketball Association or Major League Baseball, and: a. The risk is not an Excess Risk, then the Ceding Company shall notify the Reinsurer of this fact at the time of issue of the risk; or b. The risk is an Excess Risk, then, prior to ceding the risk automatically under this Agreement, the Ceding Company must confirm the Reinsurer's available capacity for that risk. The Ceding Company, by telephone call or electronic mail, shall: (1) notify the Reinsurer's Chief Underwriter, or designee, of the life's name, date of birth, sport and team affiliation, the total life insurance in force and to be placed on the life, and the amount of new reinsurance coverage required from the Reinsurer; and (2) confirm that an application for insurance on the life has been completed. The Reinsurer shall endeavor to inform the Ceding Company of its available capacity for the risk within two business days after such notification and confirmation. After the Reinsurer has advised the Ceding Company of the amount of its available capacity, the Ceding Company may then cede to the Reinsurer no more than that amount on an automatic basis under this Agreement. 9. The Ceding Company, or one of its affiliates, shall retain its share of each risk on a life, as described in this Agreement and in any other life reinsurance agreement applicable to risk on that life. However, the Ceding Company reserves the right to separately reinsure any amount of the retained risk on a life reinsured under this Agreement with these conditions: a. This right, as it pertains to such lives, applies only to groups of risks defined as cohorts of risks reinsured for at least five (5) years and issued either during a continuous period (such as one or more years) or under one or more Plans of Insurance shown in Schedule A, and does not apply to individual lives or to small, non-homogeneous groups of risks: b. The remaining amount of risk retained on that life by the Ceding Company, c. Any amounts of retention separately reinsured in this manner shall not reduce the amount of the Ceding Company's retention on that life for the purpose of any other terms of this Agreement. B. Automatic Processing If the requirements for Automatic Reinsurance are met for a life except for the requirement stated above in Section A.6, but the total amount of risk on that life to be reinsured in the Automatic Pool and under any other individual life reinsurance agreement with any reinsurer does not exceed the Automatic Processing Limit for that life shown in Exhibit II, then the Ceding Company may submit to the Lead Reinsurer (designated in Schedule B) all information relating to the insurability of that life. For Last Survivor policies where one life is deemed uninsurable, only the information for the other life needs to be submitted. The Lead Reinsurer shall review the submitted information to determine if the life should be reinsured by the Automatic Pool and, if so, on what basis. The Lead Reinsurer shall endeavor to provide the Ceding Company with a response within 72 hours of receipt of such information. Approval by the Lead Reinsurer shall be binding on all other current Automatic Pool reinsurers. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 6 -- Effective 10/01/2008 5 This process shall be known as Automatic Processing and shall be subject to Exhibit II. Hereinafter, all references to Automatic Reinsurance, coverage automatically reinsured, and the Automatic Pool will include coverage reinsured through Automatic Processing. C. Facultative Reinsurance If the requirements for Automatic Reinsurance are not met and the Ceding Company applies for Facultative Reinsurance with the Reinsurer, or if the requirements for Automatic Reinsurance are met but the Ceding Company prefers to apply for Facultative Reinsurance with the Reinsurer, then the Ceding Company shall submit to the Reinsurer sufficient evidence agreed upon between the Ceding Company and the Reinsurer, relating to the insurability of each life submitted for Facultative Reinsurance. For Last Survivor policies where one life is deemed uninsurable, only the information for the other life needs to be submitted. The Reinsurer shall promptly notify the Ceding Company in writing of its declination to offer, its underwriting offer subject to additional requirements, or its final underwriting offer. The final underwriting offer wiII automatically expire upon the earliest of: (1) the date the policy application is withdrawn; (2) the expiration date specified in the final offer; (3) the date one hundred twenty (120) days after the date of the final offer; and (4) the date the final offer is accepted, provided such offer is accepted within the Iifetime of the proposed insured(s). Once the Ceding Company has accepted the Reinsurer's final underwriting offer, then Facultative Reinsurance for the risk under this Agreement will become effective under this Agreement as described below in Article IV.C or Article IV.E, as applicable. ARTICLE X POLICY CONVERSIONS, OTHER CHANGES, AND TERMINATIONS A. Conversions A conversion is a policyholder's exercise of a contractual right to replace in-force coverage with a new permanent policy without evidence of insurability. Conversions from a policy reinsured under this Agreement will continue to be reinsured under this Agreement as follows: 1. The converted coverage under the new policy will be reinsured with the Reinsurer in the same proportion as was determined for the in-force coverage converted; and 2. Reinsurance Premiums for such converted coverage shall be calculated on a point-in-scale basis. If the new policy was converted under the Conversion Option Rider from either (a) two single life policies reinsured under this Agreement; or (b) one single life policy reinsured under this Agreement and one newly underwritten life, to a last survivor policy, Reinsurance Premiums for both lives shall be calculated on a point-in-scale basis. The Reinsurance Premiums for both lives shall be calculated using the tables of Annual Rates per $1,000 of Reinsured Net Amount at Risk and table of YRT Reinsurance Rate Factors applicable to the earliest original coverage in accordance with the procedures set out in Exhibit I. Conversions from a policy not reinsured under this Agreement shall not be reinsured under this Agreement. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 6 -- Effective 10/01/2008 6 B. Increases and Decreases in Policy Face Amount 1. If the face amount of a policy reinsured under this Agreement increases and: a. The increase is subject to full underwriting, then the provisions of Article III shall apply to the increase in reinsurance and Reinsurance Premiums for the increase shall be based on new-business rates; or b. The increase is not subject to full underwriting, the Reinsurer will accept the increase, provided that: (1) If the policy was ceded automatically, the Ceding Company underwrote the full face amount (including all scheduled increases) in accordance with the terms of this Agreement (whether through Automatic Reinsurance or Automatic Processing); or (2) If the policy was ceded facultatively, the Ceding Company received approval from the Reinsurer for the full face amount (including all scheduled increases) at the time of facultative application. Reinsurance Premiums for increases not subject to full underwriting shall be calculated on a point-in-scale basis. c. For increases in accordance with B.1.b, the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined for the increase at the time the increase goes into effect, as follows: (1) For increases in accordance with B.1.b (1), in accordance with Schedule B; or (2) For increases in accordance with B.1.b (2), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined by mutual agreement of the Parties. 2. If the face amount of a policy reinsured under this Agreement decreases and: a. If the face amount of a policy that was previously increased is subsequently decreased, the decrease will be applied first to the increase with the latest effective date, and then to the increase with the next earlier effective date, and so forth as necessary, until applying any remaining decrease to the initial face amount of the policy. b. The Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined at the time the decrease goes into effect, as follows: (1) For decreases under policies ceded automatically, in accordance with Schedule B; or (2) For decreases under policies ceded facultatively, the amount of the risk reinsured to the Reinsurer shall be reduced proportionately. C. Policy Exchanges and Other Changes A policy exchange is a new policy replacing an existing policy where the new policy is not fully Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 6 -- Effective 10/01/2008 7 underwritten. Exchanges from one single life policy reinsured under this Agreement to a different single life policy will be reinsured on a point-in-scale basis. Likewise, exchanges from one last survivor policy reinsured under this Agreement to a different last survivor policy will be reinsured on a point-in-scale basis. Exchanges from a last survivor policy reinsured under this Agreement with the Last Survivor Exchange Option Rider or Twenty-Four (24) Month Exchange Rider to two single life policies will be reinsured, if both risks under the Last Survivor policy were fully underwritten (and neither was deemed to be uninsurable) and the total face amount of the two new Single Life policies does not exceed the face amount of the Last Survivor policy. In this event, the new Single Life policies shall be reinsured on a point-in-scale basis at the applicable single life rates. For each new policy after the exchange, the insurance will continue to be reinsured by the Reinsurer in the same proportions as set at issue of the original coverage. If there is a contractual change in a policy reinsured under this Agreement that is not subject to full underwriting, other than the changes described above in Sections A and B, the insurance shall continue to be reinsured with the Reinsurer in the same proportions as the original coverage and Reinsurance Premiums for contractual changes shall be calculated on a point-in scale basis. The Ceding Company shall notify the Reinsurer of any such changes in policies reinsured under this Agreement in its monthly reinsurance reports. Exchanges made from a policy not reinsured under this Agreement shall not be reinsured under this Agreement. D. Policy Terminations and Lapses If a policy reinsured under this Agreement terminates, the reinsurance for the risk will terminate as of the effective date of policy termination. For a policy terminated due to the expiry of any grace period for an unpaid amount, the effective date of termination for such policy will be the date such unpaid amount was first due. Notwithstanding the foregoing, if a policy is deemed to have terminated as a result of full acceleration of the death benefit, the corresponding reinsurance on the policy will continue as specified in Section IV.F. If a policy reinsured under this Agreement lapses to extended term insurance under the terms of that policy, the corresponding reinsurance on the reinsured policy will continue on the same basis as the original reinsurance until the expiry of the extended term period. If a policy reinsured under this Agreement lapses to reduced paid-up insurance under the terms of that policy, the amount of the corresponding reinsurance on the reinsured policy will be reduced according to the terms of Section B.2. If the Ceding Company allows a policy reinsured under this Agreement to remain in force under its automatic premium loan provisions, the corresponding reinsurance on the reinsured policy will continue unchanged and in force as long as such provisions remain in effect, except as otherwise provided in this Agreement. E. Reduction in Retained Coverage on a Life If any portion of the aggregate amount of insurance retained by the Ceding Company or its affiliates on an individual life reduces or terminates, the Ceding Company or its affiliates will Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 6 -- Effective 10/01/2008 8 recalculate its retention on any remaining risk(s) in force on that life. The Ceding Company or its affiliates will not be required to retain an amount in excess of its retention limit for the age, mortality rating, and risk classification based on the applicable retention limit that was in effect at the time of issue for any risk. Unless provided for otherwise in the applicable reinsurance agreements, the Ceding Company or its affiliates will first recalculate the retention on the risk(s) having the same mortality rating as the terminated risk(s). Order of recalculation will secondarily be determined by effective date of the risk, oldest first. F. Multiple Reinsurers If reinsurance of a risk is shared by more than one reinsurer, the Reinsurer's percentage of any increased or reduced reinsurance will be the same as its initial percentage of the reinsurance for that risk unless specified otherwise in Schedule B or agreed upon by the Reinsurer. G. Mortality Rating Changes On Facultative Reinsurance, if the Ceding Company wishes to reduce the mortality rating or otherwise improve the risk class, such change shall be subject to the Reinsurer's approval. On Automatic Reinsurance, the Reinsurer shall accept this change if the change qualifies under the underwriting practices and guidelines described in Schedules C, D, or E, as applicable. H. Rescission of Policy Coverage Prior to Death Claim If a misrepresentation, misstatement, or omission on an application results in the Ceding Company's rescission of coverage, the Reinsurer shall refund to the Ceding Company any Reinsurance Premiums it received on that coverage. This refund shall be in lieu of any and all other reinsurance benefits payable on that coverage under this Agreement. The Reinsurer shall also reimburse the Ceding Company for its proportionate share of any non-routine expenses incurred by the Ceding Company in connection with the rescission. Such non-routine expenses shall include the costs of investigations and of obtaining financial and medical reports; they would not include the compensation of salaried officers and employees of the Ceding Company. The Ceding Company shall promptly notify the Reinsurer in the event a rescission is challenged by legal action. The Ceding Company shall also furnish to the Reinsurer copies of all information related to such action. Recognizing the urgent nature of these communications, within eight (8) business days of receipt of such information, the Reinsurer shall notify the Ceding Company in writing of the Reinsurer's decision whether or not it shall participate in the defense of the rescission. If the Reinsurer does not respond to the Ceding Company within such eight (8) business day period, the Reinsurer will be deemed to have elected to participate in the defense of the rescission. If the Reinsurer elects or is deemed to have elected to participate in the defense of the rescission, the Reinsurer shall also reimburse the Ceding Company for its proportionate share of court costs and legal expenses incurred by the Ceding Company in connection with the defense of the rescission of coverage. If a rescission of policy coverage is reversed and the policy coverage is restored to in-force status, any related reinsurance coverage under this Agreement shall also be restored upon the Ceding Company's payment to the Reinsurer of all applicable Reinsurance Premiums. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 6 -- Effective 10/01/2008 9 SCHEDULE B REINSURANCE SPECIFICATIONS EFFECTIVE OCTOBER 1, 2008 AUTOMATIC REINSURANCE: The Ceding Company shall retain its available retention on each risk, defined below as the Retained Net Amount at Risk, subject to the applicable Ceding Company's Treaty Retention Limit shown in Exhibit II. The Reinsurer will automatically reinsure a portion of the remainder of the risk, called the Reinsured Net Amount at Risk, as defined below in this Schedule B. FACULTATIVE REINSURANCE: The Reinsurer will reinsure X% (as determined at issue) of the Total Net Amount at Risk for the risk. TOTAL ALLOCATION LIMIT (TAL): As shown in Exhibit II. CEDING COMPANY'S TREATY RETENTION LIMIT (CCTRL): As shown in Exhibit II. CEDING COMPANY'S ALLOCATED RETENTION (CCAR): As shown in Exhibit II. CURRENT RETENTION (CURRRET) = Current amount of life insurance retained by the Ceding Company and its affiliated companies on the life for in-force life insurance coverage. (For Last Survivor risks, see the Last Survivor Limits and Retention Worksheet in Exhibit II.) REINSURER'S ALLOCATED RETENTION (REINSARET): As shown in Exhibit II. REINSURER'S ATTACHMENT POINT (REINSAPT): As shown in Exhibit II. NAR TYPE for the Plan of Insurance to be reinsured under this Agreement, as shown in Schedule A. STEP 1 -- DETERMINE TOTAL NET AMOUNT AT RISK FOR THE COVERAGE* TOTAL NET AMOUNT AT RISK (TOTNAR) = For NAR TYPE A, Death Benefit minus the Account Value. For NAR TYPE B, Death Benefit minus the Working Reserve, where Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 6 -- Effective 10/01/2008 10 STEP 1 -- DETERMINE TOTAL NET AMOUNT AT RISK FOR THE COVERAGE* (CONTINUED) STEP 2 -- DETERMINE NET AMOUNT AT RISK FOR EACH "LAYER" OF COVERAGE STEP 3 -- DETERMINE THE NAR FOR THE CEDING COMPANY AND THEN FOR THE REINSURER Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 6 -- Effective 10/01/2008 11 MINIMUM AUTOMATIC REINSURANCE CESSION: MINIMUM FACULTATIVE REINSURANCE APPLICATION: LEAD REINSURER: Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 6 -- Effective 10/01/2008 12 SCHEDULE F POLICIES ELIGIBLE FOR REINSURANCE UNDER THIS AGREEMENT EFFECTIVE OCTOBER 1, 2008 The following categories of policies are eligible for reinsurance under this Agreement:
CATEGORY # CATEGORY DESCRIPTION -------------------------------------------------------------------------------------------------------- 1 Policies issued on or after March 1, 2009 2 Policies issued from the Effective Date of this Agreement through February 28, 2009 that were eligible for automatic reinsurance under one of the following Ceding Company reinsurance pools: i. Single Life Excess Pool effective November 1, 2002 ii. Advanced UL Pool effective September 1, 2004; iii. Last Survivor Excess Pool effective January 1, 2002; and iv. Advanced Last Survivor UL Pool effective January 1, 2005, but that were fully retained by the Ceding Company at the time of processing (see Note below). Notwithstanding the foregoing, fully retained policies issued during this period in which the insured has a subsequent policy that is partially or fully ceded to another pool (including the Hartford Term Pool effective April 10, 2006) will not be eligible for reinsurance under this Agreement.
NOTE: The Ceding Company completed the processing of Category 2 business in July 2009. At the time of processing, the Ceding Company paid the Reinsurer Reinsurance Premiums for all policies in Category 2 back to each policy's effective date. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 6 -- Effective 10/01/2008 13 EXHIBIT VII REINSURANCE REPORTS EFFECTIVE OCTOBER 1, 2008
REPORT ACCOUNTING PERIOD DUE DATE ------------------------------------------------------------------------------------------------------------- 1. New Business* (New issues only -- first time policy Monthly 30th day after month end reported to the Reinsurer) 2. Renewal Business* (Policies with renewal dates Monthly 30th day after month end within the Accounting Period) 3. Changes & Terminations* (includes conversions, Monthly 30th day after month end replacements reinstatements, increases, decreases, recaptures, lapses, claims, etc.) 4. Inforce List (Listing of each policy in force) Monthly 30th day after month end 5. Statutory Reserves Quarterly 30th day after quarter end 6. Policy Exhibit Monthly 30th day after month end
------------ * Policy record details for new business, renewal business, and changes and terminations (Reports 1, 2, and 3 above) may be reported as separate reports or combined into one report, provided the required data elements continue to be satisfied. REPORTING SYSTEM: The system used by the Ceding Company to administer its reinsurance is: TAI. NOTE: Certain policy transactions, such as increases, are coded in the policy administration system as riders, although they do not correspond to filed rider forms. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 6 -- Effective 10/01/2008 14 MINIMUM DATA REQUIREMENTS INFORCE AND TRANSACTION FILE
COMPANY IDENTIFIES THE CEDING COMPANY ---------------------------------------------------------------------------------------------------------------- Policy Policy number which is part of the policy key Coverage/rider Coverage number which is part of the policy key. This number is used to identify specific policy coverage. Cession ID This field contains the number assigned to this cession by the Reinsurer Transaction Sequence This field indicates the transaction record(s) created during the month. Line of Business This field indicates the line of business the policy falls under. Reinsurance Company Two character reinsurance company ID code that identifies the Reinsurer. Reporting Company Identifies the company used for reporting purposes. Will be the same as the Reinsurance Company. Transaction Type Identifies the type of transaction being reported on the Transaction extract. Transaction Count This field is used on the Transaction extract to identify the addition or termination of a cession. Reinsurance From Date This field contains the beginning date of the period covered by this record. The premiums on the Transaction record cover the period beginning with the From Date through the To Date. Reinsurance To Date This field contains the end date of the period covered by a record. Date Reported On the Transaction extract, this is the month the transaction was reported. Mode Identifies the mode of reinsurance premium payment. Policy Duration The duration at issue is 01. Reinsurance Duration Contains the reinsurance duration. It may differ from the policy duration if the cession is a continuation. Cession Number Hartford does not currently use. Defaults to spaces. Policy Date This field contains the effective date of the policy. Reinsurance Date This field contains the effective date of the reinsurance. For most cessions it is the same as the Policy Date. For continuations, it contains the effective date of the original coverage. Issue State This field contains a two-letter abbreviation of the state or province of issue. Used to determine unisex rates. Resident State This field contains a two-letter abbreviation of the state or province of issue. Used to compute premium tax reimbursement if applicable. Joint Type Identifies Joint business type
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COMPANY IDENTIFIES THE CEDING COMPANY ---------------------------------------------------------------------------------------------------------------- Joint Age Used for joint coverages using a joint equivalent age for rate searches. Auto/Fac Indicator Indicates whether the policy is ceded on an Automatic or Facultative basis. Death Benefit Option This field contains the option chosen by the insured for death proceeds payment. Participation code This field indicates whether the business is Non Participating (N) or Participating (P). Issue Type Identifies how a cession was issued. (New business or Continuation) Underwriting Method Identifies the type of underwriting used to issue the coverage. Treaty Number This field contains the TAI system treaty number Reinsurance Type This field is a one-character code that identifies the type of reinsurance. (Y=YRT, C=Coinsurance & M=Modco.) Plan This field contains the coverage plan code. Product code This field contains the product type code. Product code 1 For Joint Life policies, this field contains the product type code for Insured 1. Product code 2 For Joint Life policies, this field contains the product type code for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Currency Code This field identifies the currency. (USD or CND if applicable) Last Name -- 1 This field contains the insured's last name. For Joint Life policies, this field contains the last name for Insured 1. (Maximum of 20 characters) First Name -- 1 This field contains the insured's first name. For Joint Life policies, this field contains the first name for Insured 1. (Maximum of 15 characters) Middle Initial -- 1 This field contains the insured's middle initial. For Joint Life policies, this field contains the middle initial for Insured 1. (1 character) Client ID -- 1 This field contains the unique client ID for an insured used to connect lives when calculating retention on a life. For Joint Life policies, this field indicates the client ID for Insured 1. (Maximum of 20 characters) Insured Status -- 1 This field indicates the insured's coverage status. For Joint Life policies, this field indicates the insured's coverage status for Insured 1. DOB -- 1 This field contains the insured's date of birth. For Joint Life policies, this field contains the date of birth for Insured 1. Sex -- 1 This field is used to identify the sex of the insured. For Joint Life policies, this field contains the sex of Insured 1. Pricing Sex -- 1 This field contains the sex used to compute premiums and allowances. For Joint life policies, this field contains the pricing sex of Insured 1. Age -- 1 This field contains the insured's issue age. For Joint Life policies, this field contains the issue age for Insured 1.
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COMPANY IDENTIFIES THE CEDING COMPANY ---------------------------------------------------------------------------------------------------------------- Class -- 1 This field contains the company's rating of standard or preferred and the smoker class. For Joint Life policies, this field contains the class for Insured 1. Mortality -- 1 This field contains the insured's mortality rating. For Joint Life policies, this field contains the mortality rating for Insured 1. Mortality Duration -- 1 This field contains the duration of the insured's mortality rating. For Joint Life policies, this field contains the duration of the mortality rating for Insured 1. Temp Flat -- 1 This field contains the temporary flat extra per 1000. For Joint Life policies, this field contains the temporary flat extra per 1000 for Insured 1. Temp Duration -- 1 This field contains the number of years that the temporary flat extra rating is being charged. For Joint Life policies, this field contains the number of years that the flat extra rating is being charged for Insured 1. Perm Flat -- 1 This field contains the permanent flat extra per 1000. For Joint Life policies, this field contains the permanent flat extra per 1000 for Insured 1. Perm Duration -- 1 This field contains the number of years that the permanent flat extra rating is being charged. For Joint Life policies, this field contains the number of years that the flat extra rating is being charged for Insured 1. Last Name -- 2 This field contains the insured's last name. For Joint Life policies, this field contains the last name for Insured 2. (If this is not a Joint Life policy, this field will be blank.) (Maximum of 20 characters) First Name -- 2 This field contains the insured's first name. For Joint Life policies, this field contains the first name for Insured 2. (If this is not a Joint Life policy, this field will be blank.) (Maximum of 15 characters) Middle Initial -- 2 This field contains the insured's middle initial. For Joint Life policies, this field contains the middle initial for Insured 2. (If this is not a Joint Life policy, this field will be blank.) (1 character) Client ID -- 2 This field contains the unique client ID for an insured used to connect lives when calculating retention on a life. For Joint Life policies, this field indicates the client ID for Insured 2. (If this is not a Joint Life policy, this field will be blank.) (Maximum of 20 characters) Insured Status -- 2 This field indicates the insured's coverage status. For Joint Life policies, this field indicates the insured's coverage status for Insured 2. (If this is not a Joint Life policy, this field will be blank.) DOB -- 2 This field contains the insured's date of birth. For Joint Life policies, this field contains the date of birth for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Sex -- 2 This field is used to identify the sex of the insured. For Joint Life policies, this field contains the sex of Insured 2. (If this is not a Joint Life policy, this field will be blank.)
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COMPANY IDENTIFIES THE CEDING COMPANY ---------------------------------------------------------------------------------------------------------------- Pricing Sex -- 2 This field contains the sex used to compute premiums and allowances. For Joint Life policies, this field contains the pricing sex of Insured 2. (If this is not a Joint Life policy, this field will be blank.) Age -- 2 This field contains the insured's issue age. For Joint Life policies, this field contains the issue age for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Class -- 2 This field contains the company's rating of standard or preferred and the smoker class. For Joint Life policies, this field contains the class for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Mortality -- 2 This field contains the insured's mortality rating. For Joint Life policies, this field contains the mortality rating for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Mortality Duration -- 2 This field contains the duration of the insured's mortality rating. For Joint Life policies, this field contains the duration of the mortality rating for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Temp Flat -- 2 This field contains the temporary flat extra per 1000. For Joint Life policies, this field contains the temporary flat extra per 1000 for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Temp Duration -- 2 This field contains the number of years that the temporary flat extra rating is being charged. For Joint Life policies, this field contains the number of years that the flat extra rating is being charged for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Perm Flat -- 2 This field contains the permanent flat extra per 1000. For Joint Life policies, this field contains the permanent flat extra per 1000 for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Perm Duration -- 2 This field contains the number of years that the permanent flat extra rating is being charged. For Joint Life policies, this field contains the number of years that the flat extra rating is being charged for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Policy Face Amount Indicates the face amount of the total policy. Retained Amount This field contains the amount retained on this policy coverage, not on the life. Ceded Amount This field contains the policy amount ceded to a specific reinsurer. Net Amount at Risk This field contains the reinsured net amount at risk (NAR) for a specific reinsurer. Benefit Mortality ADB or Waiver mortality. Premium This field contains the reinsurance premium. Allowance This field contains the reinsurance allowance. Flat extra type This field indicates whether there is a temporary flat extra (T) or a permanent flat extra (P) being charged. Premium Tax If premium tax is reimbursed, this field contains the tax amount. Cash Value If applicable, this field is used to recover coinsured cash values from the Reinsurer. Benefit If applicable, this field is used to recover benefits from the Reinsurer.
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COMPANY IDENTIFIES THE CEDING COMPANY ---------------------------------------------------------------------------------------------------------------- Dividend If applicable, this field contains the reinsurer's share of the direct dividend. Policy Fee This field contains the reinsurance policy fee. Continuation Original Company This field indicates the ceding company on the original policy. (Used for conversions only.) Continuation Original Policy This field indicates the policy number for the original policy. (Used for conversions only.) Continuation Original This field indicates the coverage/rider for the original policy. (Used for Coverage/Rider conversions only.) Message An informational message may be manually added to a policy by the Ceding Company. Image switch Hartford does not currently use. Defaults to spaces. Policy Fee Allowance This field contains the reinsurance policy fee allowance. Location Code Hartford does not currently use. Defaults to spaces. Treaty Reference Number Upon request, this field contains the Reinsurer's treaty number. Claim Hartford does not currently use. Defaults to spaces. Policy Status This field identifies the status of the cession. Policy Master Smoker -- 1 Policy smoker class on direct policy. For Joint Life policies, this field contains the policy master smoker class for Insured 1. Policy Master Smoker -- 2 Policy smoker class on direct policy. For Joint Life policies, this field contains the policy master smoker class for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Policy Effective Date This field contains the issue date of the policy. Policy Application Date This field indicates the date the insured signed the application. NAR Type This field indicates the method used in determining the Total Net Amount at Risk (as defined in Schedule B).
Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 6 -- Effective 10/01/2008 19 POLICY EXHIBIT FILE*
COMPANY IDENTIFIES THE CEDING COMPANY. ---------------------------------------------------------------------------------------------------------------- Policy Policy number which is part of the policy key. Coverage/rider Coverage number which is part of the policy key. This number is used to identify a specific policy coverage. Cession ID This field contains the number assigned to this cession by the Reinsurer. Line of Business This field indicates the line of business the policy falls under. Report Date This is the month the transaction was reported. Reinsurance Company Two character reinsurance company ID code that identifies the Reinsurer. Reporting Company Identifies the company used for reporting purposes. Will be the same as the Reinsurance Company. Treaty Number This field contains the TAI system treaty number. Transaction Type Identifies the type of transaction being reported on the Transaction extract. Policy Count Each New Business, Continuation & Reinstatement will be assigned a count of 1, Terminations will be assigned -1 and Renewals/NAR changes will be assigned 0. Base Ceded Amount This field contains the policy base amount ceded. ADB ceded Amount This field contains the policy ADB amount ceded. Waiver Ceded Amount This field contains the policy waiver amount ceded. Net Amount at Risk The reinsured net amount at risk (NAR). Plan This field contains the coverage plan code. Auto/Fac Indicator Indicates whether the policy is ceded on an Automatic or Facultative basis. Reinsurance Type This field is a one-character code that identifies the type of reinsurance. (Y=YRT, C=Coinsurance & M=Modco.) Currency Code This field identifies the currency. (USD or CND if applicable)
------------ * The Policy Exhibit will include a summary of reinsurance movement for a given period categorized by transactions type. This summary provides the Cession Count, Ceded Amount and Net Amount at Risk at the beginning of the reporting period, a summary of the transactions occurring during the report period as well as what is in force as of the ending of the report period. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 6 -- Effective 10/01/2008 20 RESERVE FILE
COMPANY IDENTIFIES THE CEDING COMPANY ---------------------------------------------------------------------------------------------------------------- Policy Policy number which is part of the policy key Coverage/rider Coverage number which is part of the policy key. This number is used to identify a specific policy coverage. Cession ID This field contains the number assigned to this cession by the Reinsurer Benefit Type This field is the reserve type. 1 = Life, 2=ADB, 3=Waiver, 4=Flat Extras, 5=Substandard Calc Method Hartford's TAI Valuation Method 1=Frasier Reserve+1/2 cx, E=Coinsurance Reserve, H=Half Premium, L=Factor FLX1, X=1/2 cx Reinsurance Company Two character reinsurance company ID code that identifies the Reinsurer. Reporting Company Identifies the company used for reporting purposes. Will be the same as the Reinsurance Company. Line of Business This field indicates the line of business the policy falls under. (L=Life) Treaty Number This field contains the TAI system treaty number Plan This field contains the coverage plan code. Auto/Fac Indicator Indicates whether the policy is ceded on an Automatic or Facultative basis. Product code This field contains the product type code. Joint Type Identifies Joint business Type Joint Method Switch Identifies TAI Frasier method calculation Mode Identifies the mode of reinsurance premium payment. Cession Status This field identifies the status of the cession. Reinsurance Type This field is a one-character code that identifies the type of reinsurance. Duration Contains the reinsurance duration. It may differ from the policy duration if the cession is a continuation. Participation code This field indicates whether the business is Non participating (N) or Participating (P). Issue Date This field contains the effective date of the policy. Reinsurance To Date This field contains the end date of the period covered by a record. Policy Face Amount Indicates the face amount of the total policy. Ceded Amount This field contains the policy amount ceded to a specific reinsurer Net Amount at Risk This field contains the reinsured net amount at risk (NAR) for a specific reinsurer. Premium This field contains the reinsurance premium. Reserve Percent Value appears on Coinsurance business only Cession Count Cession count only appears under Life (Base), not benefits. Age Basis Nearest/Closest (C), Last (L), Next (N) Insured Status -- 1 This field indicates the insured's coverage status. For Joint Life policies, this field indicates the insured's coverage status for Insured 1.
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COMPANY IDENTIFIES THE CEDING COMPANY ---------------------------------------------------------------------------------------------------------------- AGE -- 1 This field contains the insured's issue age. For Joint Life policies, this field contains the issue age for Insured 1. Class -- 1 This field contains the company's rating of standard or preferred and the smoker class. For Joint Life policies, this field contains the class for Insured 1. Sex -- 1 This field is used to identify the sex of the insured. For Joint Life policies, this field contains the sex of Insured 1. Mortality -- 1 This field contains the insured's mortality rating. For Joint Life policies, this field contains the mortality rating for Insured 1. Insured Status -- 2 This field indicates the insured's coverage status. For Joint Life policies, this field indicates the insured's coverage status for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Age -- 2 This field contains the insured's issue age. For Joint Life policies, this field contains the issue age for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Class -- 2 This field contains the company's rating of standard or preferred and the smoker class. For Joint Life policies, this field contains the class for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Sex -- 2 This field is used to identify the sex of the insured. For Joint Life policies, this field contains the sex of Insured 2. (If this is not a Joint Life policy, this field will be blank.) Mortality -- 2 This field contains the insured's mortality rating. For Joint Life policies, this field contains the mortality rating for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Reserve Statutory or Tax Reserve for each coverage. Reserve Interest Rate This field identifies the Interest Rate used when calculating reserves. Reserve Factor Applicable Mortality Basis YRT Factor Factor Pointer TAI specific field to identify applicable mortality table used when calculating reserves. Attained Age TAI specific field. Default is 1 Setback TAI specific field. Default is zero Class Switch TAI specific field. Valuation Class (D=Distinct) Curtate Switch This field indicates whether reserves are on a curtate or continuous basis. Caption Hartford's TAI Valuation Method Error Code Informational field used by Hartford -- Usually Blank Reserve Class 1 This field contains insured's smoker class. For Joint Life policies, this field contains the class for Insured 1. Reserve Class 2 This field contains insured's smoker class. For Joint Life policies, this field contains the class for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Currency Code This field identifies the currency. (USD or CND if applicable) Valuation Interest Pointer TAI assigned field that is used to read applicable interest rates when calculating 1/2 cx reserves. NAR Type This field indicates the method used in determining the Total Net Amount at Risk (as defined in Schedule B).
Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 6 -- Effective 10/01/2008 22 AMENDMENT 7 EFFECTIVE SEPTEMBER 1, 2010 TO THE AUTOMATIC AND FACULTATIVE MONTHLY RENEWABLE TERM REINSURANCE AGREEMENT EFFECTIVE OCTOBER 1, 2008 BETWEEN HARTFORD LIFE INSURANCE COMPANY ("CEDING COMPANY") AND TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY ("REINSURER") ("AGREEMENT") WHEREAS, the Reinsurer currently reinsures the Ceding Company's plans or policies under the Agreement; and WHEREAS, the Ceding Company and the Reinsurer wish to confirm the Reinsurer's coverage for policies issued under the Issue First policy issuance program. NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, the Ceding Company and the Reinsurer hereby agree as follows: 1. The above recitals are true and accurate and are incorporated herein. 2. Article III is hereby amended to include the following paragraph following Section III.A.: Notwithstanding the above, all policies issued under the Issue First program shall be deemed automatically reinsured. Issue First is a policy issuance program administered by the Ceding Company, under which a policy can be issued before the underwriting process has been completed. The Ceding Company shall provide notice to the Reinsurer of any material changes to the program. 3. Except as herein amended, all other terms and conditions of the Agreement shall remain in full force and effect and unchanged. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 7 -- Effective 09/01/2010 1 In witness of the foregoing, the Ceding Company and the Reinsurer have, by their respective officers, executed this Amendment in duplicate on the dates indicated below. TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (As Successor to Transamerica Occidental Life Insurance Company) by its Administrator and Attorney-in-Fact SCOR Global Life U.S. Re Insurance Company of Texas on January 25, 2012 Signature /s/ Glenn Cunningham Signature /s/ Robin S. Blackwell -------------------------------- -------------------------- Name in Text Glenn Cunningham Name in Text Robin S. Blackwell Title: Executive Vice President Title: Assistant Vice President SCOR Global Life U.S. Re SCOR Global Life U.S. Re Insurance Company of Texas Insurance Company of Texas
HARTFORD LIFE INSURANCE COMPANY By: /s/ Paul Fischer Attest: /s/ Michael J. Roscoe -------------------------------------- ------------------------------------ Name: Paul Fischer Name: Michael J. Roscoe Title: Assistant Vice President and Actuary Title: Senior Vice President and Actuary Date: May 23, 2012 Date: 6/5/2012
Allocated Retention Poor -- Effective 10/01/2008 Between HLIC and TFIC Amendment 7 -- Effective 09/01/2010 2 AMENDMENT 8 EFFECTIVE OCTOBER 3, 2011 TO THE AUTOMATIC AND FACULTATIVE MONTHLY RENEWABLE TERM REINSURANCE AGREEMENT EFFECTIVE OCTOBER 1, 2008 BETWEEN HARTFORD LIFE INSURANCE COMPANY ("CEDING COMPANY") AND TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY ("REINSURER") ("AGREEMENT") WHEREAS, the Reinsurer currently reinsures the Ceding Company's plans or policies under the Agreement; and WHEREAS, the Ceding Company and the Reinsurer wish to amend the Agreement to reflect that the following Products and Riders were added to the Agreement as of the Effective Date shown for each on Schedule A: - Hartford Founders Plus UL - Hartford Founders Plus UL Extended Value Option - DisabilityAccess Rider - LongevityAccess Rider - LifeAccess Care Rider - Joint LifeAccess Rider, and WHEREAS, the Ceding Company and the Reinsurer wish to revise Schedule A to include the effective date on which each Base Policy and Rider was added to the Agreement and to amend the description of certain Riders with such descriptions being effective from the Effective Date shown for each on Schedule A. NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, the Ceding Company and the Reinsurer hereby agree as follows: 1. The above recitals are true and accurate and are incorporated herein. 2. Schedule A is deleted in its entirety and replaced with the attached revised Schedule A. 3. Except as herein amended, all other terms and conditions of the Agreement shall remain in full force and effect and unchanged. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 8 -- Effective 10/03/2011 1 In witness of the foregoing, the Ceding Company and the Reinsurer have, by their respective officers, executed this Amendment in duplicate on the dates indicated below. TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY by its Administrator and Attorney-in-Fact SCOR Global Life Re Insurance Company of Texas on September 12, 2011 Signature /s/ Glenn Cunningham Signature /s/ Robin S. Blackwell -------------------------------------- -------------------------------------- Name in Text Glenn Cunningham Name in Text Robin S. Blackwell Title: Executive Vice President Title: Assistant Vice President SCOR Global Life Re Insurance Company SCOR Global Life Re Insurance Company of Texas of Texas
HARTFORD LIFE INSURANCE COMPANY By: /s/ Paul Fischer Attest: /s/ Michael Roscoe -------------------------------------- -------------------------------------- Name: Paul Fischer, FSA, MAAA Name: Michael Roscoe, FSA, MAAA Title: Assistant Vice President and Actuary Title: Senior Vice President Individual Life Product Management Individual Life Product Management Date: May 23, 2012 Date: 5/31/12
Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 8 -- Effective 10/03/2011 2 SCHEDULE A PLANS OF INSURANCE COVERED UNDER THIS AGREEMENT EFFECTIVE OCTOBER 3, 2011 SINGLE LIFE PLANS OF INSURANCE
NAR EFFECTIVE BASE POLICY VALUATION MORTALITY TABLE(S) TYPE* DATE** --------------------------------------------------------------------------------------------------------------------------------- Stag UL 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Bicentennial UL Founders 2001 CSO M/F S/NS Ultimate ANB A 10/01/2008 Hartford UL CV 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Stag Wall Street VUL 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Stag Protector II VUL 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Leaders VUL Legacy 2001 CSO M/F Composite Ultimate ANB A 10/01/2008 Stag Accumulator II VUL 1980 CSO M/F Unismoke Ultimate ALB A 10/01/2008 Hartford Leaders VUL Liberty (a) 1980 CSO M/F Unismoke Ultimate ANB A 10/01/2008 Hartford Leaders VUL Liberty (b) 2001 CSO M/F Composite Ultimate ANB A 10/01/2008 Life Solutions II UL (a) 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Life Solutions II UL (b) 2001 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Advanced Universal Life 2001 CSO M/F S/NS Ultimate ALB B 10/01/2008 Hartford Bicentennial UL Freedom (a) 2001 CSO M/F S/NS Ultimate ANB B 10/01/2008 Hartford Bicentennial UL Freedom (b) 2001 CSO M/F S/NS Ultimate ANB A 07/01/2010 Hartford Quantum II VUL (a) 2001 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Quantum II VUL (b) 2001 CSO M/F S/NS Ultimate ANB A 10/01/2008 Hartford ExtraOrdinary Whole Life (a) 2001 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford ExtraOrdinary Whole Life (b) 2001 CSO M/F S/NS Ultimate ANB A 10/01/2008 Hartford Bicentennial UL Founders II 2001 CSO M/F S/NS Ultimate ANB A 03/05/2010 Hartford Bicentennial UL Founders II Extended Value Option 2001 CSO M/F S/NS Ultimate ANB A 03/05/2010 Hartford Frontier Indexed Universal Life 2001 CSO M/F S/NS Ultimate ANB A 09/07/2010 Hartford Frontier Indexed Universal Life Extended Value 2001 CSO M/F S/NS Ultimate ANB A 09/07/2010 Option Hartford Founders Plus UL 2001 CSO M/F S/NS Ultimate ANB A 10/03/2011 Hartford Founders Plus UL Extended Value Option 2001 CSO M/F S/NS Ultimate ANB A 10/03/2011
------------ * NAR Type is described in Schedule B. ** Eligibility for new business is based on issue date on or after the Effective Date shown.
RIDERS PROVIDING DEATH BENEFITS EFFECTIVE THAT ARE ELIGIBLE FOR REINSURANCE DATE** -------------------------------------------------------------------------------- Primary Term Insured Rider 10/01/2008 Other Covered Insured Term Life Rider 10/01/2008 Cost of Living Adjustment (COLA) Rider 10/01/2008
NOTE: NAR Type for term riders above is C. For COLA Rider, NAR Type follows Base Policy to which it is attached.
RIDERS THAT PROVIDE ADDITIONAL BENEFITS EFFECTIVE BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE DATE** -------------------------------------------------------------------------------- Accidental Death Benefit (ADB) Rider 10/01/2008 Accelerated Benefit Rider (ABR) 10/01/2008
Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 8 -- Effective 10/03/2011 3
RIDERS THAT PROVIDE ADDITIONAL BENEFITS EFFECTIVE BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE (CONTINUED) DATE** -------------------------------------------------------------------------------- LifeAccess Accelerated Benefit Rider (LAABR) 10/01/2008 Policy Continuation Rider 10/01/2008 Policy Protection Rider (PPR) 10/01/2008 Enhanced No Lapse Guarantee Rider 10/01/2008 Lifetime No Lapse Guarantee Rider 10/01/2008 Guaranteed Minimum Accumulation Benefit (GMAB) Rider 10/01/2008 Paid-Up Life Insurance Rider 10/01/2008 Conversion Option Rider 10/01/2008 Overloan Protection Rider 10/01/2008 Waiver of Specified Amount (WSA) Rider 10/01/2008 Waiver of Monthly Deductions (WMD) Rider 10/01/2008 Children's Life Insurance Rider 10/01/2008 Foreign Travel Exclusion Rider 10/01/2008 Estate Tax Repeal Benefit Rider 10/01/2008 Modified Surrender Value Rider 10/01/2008 Cash Surrender Value Endorsement 10/01/2008 Automatic Premium Payment Rider 10/01/2008 Additional Premium Rider 10/01/2008 Qualified Plan Rider 10/01/2008 Owner Designated Settlement Option Rider 03/05/2010 DisabilityAccess Rider (DAR) 08/11/2009 LongevityAccess Rider 03/14/2011 LifeAccess Care Rider 04/11/2011
------------ ** Eligibility for new business is based on issue date on or after the Effective Date shown. RIDER DESCRIPTIONS (Rider descriptions are added for convenience. To the extent the description conflicts with the terms of the rider, the rider will govern.) RIDERS PROVIDING ADDITIONAL DEATH BENEFITS THAT ARE ELIGIBLE FOR REINSURANCE: Primary Insured Term Rider: Provides additional level term life coverage on the base policy insured. Other Covered Insured Term Life Rider: Provides level term life coverage on an insured other than the base policy insured. Cost of Living Adjustment (COLA) Rider: Provides for biennial face amount increases, without underwriting, based on increases in the Consumer Price Index. The maximum amount of any single increase is $50,000. Any increase can be declined by the policyholder, which stops future increases. Available only at issue and only for non-substandard issue ages 0 through 60. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 8 -- Effective 10/03/2011 4 RIDERS THAT PROVIDE ADDITIONAL BENEFITS THAT ARE NOT ELIGIBLE FOR REINSURANCE: Accidental Death Benefit Rider: Pays an additional death benefit if the death on the insured is caused by a qualifying accident. Accelerated Benefit Rider: Provides the policyholder up to 100% of the death benefit, discounted with interest, if the insured's life expectancy is 12 months or less. After acceleration, the Ceding Company shall continue to pay the Reinsurer Reinsurance Premiums on the Reinsured Net Amount at Risk as described in Schedule B, and the Reinsurer shall be liable for such Reinsured Net Amount at Risk upon the death of the insured. LifeAccess Accelerated Benefit Rider (LAABR): Provides for monthly benefits (up to 2% of death benefit) if insured meets certain ADL and home-care requirements. In accordance with Schedule B, during and after acceleration, the Ceding Company shall continue to pay the Reinsurer Reinsurance Premiums on the Reinsured Net Amount at Risk based on the Death Benefit prior to acceleration, and the Reinsurer shall be liable for such Reinsured Net Amount at Risk upon the death of the insured. Policy Continuation Rider: Intended to prevent the lapse of highly loaned policies. Policy Protection Rider: Protects the death benefit of the base policy and any primary insured term rider from lapse as long as the Policy Protection Account Value ("shadow account") is not negative. Enhanced No Lapse Guarantee Rider: Provides that the policy will not lapse as long as cumulative premiums paid less indebtedness less withdrawals are greater than or equal to the cumulative no lapse guarantee premiums. Length of guarantee varies by issue age. Lifetime No Lapse Guarantee Rider: Same as Enhanced No Lapse Guarantee Rider but with lifetime guarantee. Guaranteed Minimum Accumulation Benefit (GMAB) Rider: Provides, at the end of the GMAB Guarantee Period (usually 20 years), that the policy Account Value will be increased, if necessary, to equal the sum of gross premiums paid to that date. There is a small monthly charge and a minimum cumulative premium requirement to keep the rider in force. Paid-Up Life Insurance Rider: Similar to the GMAB rider, with the same Guarantee Period, a monthly charge, and a cumulative premium requirement. At end of the Guarantee Period, the owner may elect to change coverage to paid-up life using the Account Value as a 5% NSP to determine the amount of coverage; however, the amount of coverage will never be lower than the sum of gross premiums paid to that date. Once elected, premiums are no longer payable. Conversion Option Rider: During certain policy years and prior to the insured's attained age 70, the policy may be converted, without evidence of insurability, to any permanent plan of life insurance the Ceding Company then makes available for conversions of this policy. Overloan Protection Rider: Protects a policy from terminating due to overloan. Waiver of Specified Amount (WSA) Rider: Waives a specified amount monthly while the insured is disabled. Waiver of Monthly Deductions (WMD) Rider: Waives monthly deduction amounts while the insured is disabled. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 8 -- Effective 10/03/2011 5 Children's Life Insurance Rider: Provides level term life coverage for each child of the insured. Foreign Travel Exclusion Rider: Provides a limited death benefit (Account Value less indebtedness) if the insured dies due to travel to, from, or within certain foreign countries, or due directly or indirectly to illness or injury sustained during such travel. Estate Tax Repeal Benefit Rider: Pays the policy Account Value less indebtedness if the Federal Estate Tax Law is fully repealed by December 31, 2010, and the Ceding Company receives a request for this benefit amount from the policy owner. Modified Surrender Value Rider: Changes the Cash Surrender Value definition (to equal the Account Value) if the policy is surrendered within 3 years after the policy issue date. Cash Surrender Value Endorsement: Provides for enhanced Cash Surrender Value (equal to the current Account Value) in the event of policy surrender in the first 4 policy years, unless the policy is exchanged under Section 1035 to another company's policy. Automatic Premium Payment Rider: Provides for any Scheduled Premium due and unpaid by the end of any Policy Grace Period to be paid by an automatic deduction from the Account Value, if the Account Value exceeds the Guaranteed Cash Value. Additional Premium Rider: Allows additional premium amounts to be paid at the same payment intervals as scheduled premiums. Qualified Plan Rider: Indicates that the policy is owned by a qualified plan, details the policy owner's reporting responsibilities to the Ceding Company, and describes features and activities that are unavailable when the policy is owned by a Qualified Plan. Owner Designated Settlement Option Rider. Allows the policy owner to designate a Settlement Option to be used for the payment of Death Proceeds. DisabilityAccess Rider (DAR): Pays a monthly benefit upon disability of the primary insured on the life insurance policy to which it is attached. The amount of monthly benefit is permanently set at rider issue and is limited to a 24-month benefit period. The maximum monthly benefit amount is $5,000; it is further limited to 2% of the initial face amount or 30% of monthly income at policy issue. The minimum monthly benefit is $1,000. LongevityAccess Rider: Provides for monthly benefits (up to 1% of death benefit) when the insured reaches age 90 and meets the rider's eligibility requirements. Includes a residual death benefit of 10% of the death benefit prior to withdrawals. In accordance with Schedule B, during and after withdrawals, the Ceding Company shall continue to pay the Reinsurer Reinsurance Premiums on the Reinsured Net Amount at Risk based on the Death Benefit prior to withdrawals, and the Reinsurer shall be liable for such Reinsured Net Amount at Risk upon the death of the insured. LifeAccess Care Rider: Similar to the LifeAccess Accelerated Benefit Rider, but filed as a health product in some states. Provides for monthly benefits (up to 2% of death benefit) if insured meets certain ADL and home-care requirements. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 8 -- Effective 10/03/2011 6 LAST SURVIVOR PLANS OF INSURANCE
NAR EFFECTIVE BASE POLICY VALUATION MORTALITY TABLE(S) TYPE* DATE** ------------------------------------------------------------------------------------------------- Hartford Leaders VUL Joint Legacy 2001 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Leaders VUL Joint Legacy 2001 CSO M/F S/NS Ultimate ANB A 10/01/2008 II Hartford Advanced Last Survivor UL 2001 CSO M/F S/NS Ultimate ALB B 10/01/2008 Hartford Bicentennial UL Joint 2001 CSO M/F S/NS Ultimate ALB B 10/01/2008 Freedom Hartford Bicentennial UL Joint 2001 CSO M/F S/NS Ultimate ANB B 10/01/2008 Freedom II (a) Hartford Bicentennial UL Joint 2001 CSO M/F S/NS Ultimate ANB A 07/01/2010 Freedom II (b)
------------ * NAR Type is described in Schedule B. ** Eligibility for new business is based on issue date on or after the Effective Date shown.
RIDERS PROVIDING DEATH BENEFITS EFFECTIVE THAT ARE ELIGIBLE FOR REINSURANCE DATE** -------------------------------------------------------------------------------- Estate Protection Rider (NAR Type is C) 10/01/2008
RIDERS THAT PROVIDE ADDITIONAL BENEFITS EFFECTIVE BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE DATE** -------------------------------------------------------------------------------- LS Exchange Option Rider 10/01/2008 Policy Protection Rider 10/01/2008 Estate Tax Repeal Rider 10/01/2008 Foreign Travel Exclusion Rider 10/01/2008 Guaranteed Minimum Accumulation Benefit (GMAB) Rider 10/01/2008 Paid-Up Life Insurance Rider 10/01/2008 Owner Designated Settlement Option Rider 03/05/2010 Joint LifeAccess Rider 01/31/2011
RIDER DESCRIPTIONS (Rider descriptions are added for convenience. To the extent the description conflicts with the terms of the rider, the rider will govern.) RIDERS PROVIDING DEATH BENEFITS THAT ARE ELIGIBLE FOR REINSURANCE: Estate Protection Rider: This rider provides last survivor level term life insurance on the base policy insureds for three years. RIDERS THAT PROVIDE ADDITIONAL BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE: LS Exchange Option Rider: Allows a Last Survivor policy to be split into two Single Life policies, without new evidence of insurability, if divorce, business dissolution, or estate-tax repeal or reduction occurs. The face amount of each new Single Life policy will equal one half of the Last Survivor policy face amount. Upon a split, reinsurance will continue at point-in-scale rates for each single life, as documented in Section X.C. (This rider is not available when one of the insureds is uninsurable or above Table H.) Policy Protection Rider: Protects the death benefit of the base policy and any Estate Protection Rider from lapse as long as the Policy Protection Account Value ("shadow account") is not negative. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 8 -- Effective 10/03/2011 7 Estate Tax Repeal Rider: Will pay the Account Value less indebtedness if the Federal Estate Tax Law is fully repealed by December 31, 2010, and the Ceding Company receives a request for this benefit amount from the policy owner. Foreign Travel Exclusion: Provides a limited death benefit (Account Value less indebtedness) if either insured dies due to travel to, from, or within certain foreign countries, or due directly or indirectly to illness or injury sustained during such travel. Guaranteed Minimum Accumulation Benefit Rider and Paid-Up Life Insurance Rider: Same as Single Life riders. Owner Designated Settlement Option Rider. Allows the policy owner to designate a Settlement Option to be used for the payment of Death Proceeds. Joint LifeAccess Rider: Similar to the LifeAccess Accelerated Benefit Rider. Available only on Last Survivor products where the benefit will be payable for the last surviving insured if chronically ill or if both insureds are concurrently chronically ill. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 8 -- Effective 10/03/2011 8 AMENDMENT 9 EFFECTIVE OCTOBER 1, 2008 TO THE AUTOMATIC AND FACULTATIVE MONTHLY RENEWABLE TERM REINSURANCE AGREEMENT EFFECTIVE OCTOBER 1, 2008 BETWEEN HARTFORD LIFE INSURANCE COMPANY ("CEDING COMPANY") AND TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY ("REINSURER") ("AGREEMENT") WHEREAS, the Reinsurer currently reinsures the Ceding Company's plans or policies under the Agreement; and WHEREAS, the Ceding Company and the Reinsurer (collectively, the "Parties") agree that the Agreement was implemented using YRT Reinsurance Rate Factors ("Factors") which proved to be incorrect; and WHEREAS, the Parties have agreed to incorporate revised Factors as shown in the attached Exhibit IV as of October 1, 2008; and WHEREAS, the Parties now wish to recalculate all billing transactions from October 1, 2008 using the revised Factors; and WHEREAS, the Ceding Company shall alter its administrative systems to enable the recalculation of premium. NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, the Ceding Company and the Reinsurer hereby agree as follows: 1. The above recitals are true and accurate and are incorporated herein. 2. Exhibit IV is deleted in its entirety and replaced with the attached revised Exhibit IV. 3. The Ceding Company shall recalculate all billing transactions from October 1, 2008 and pay the Reinsurer accordingly. 4. Except as herein amended, all other terms and conditions of the Agreement shall remain in full force and effect and unchanged. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 9 -- Effective 10/01/2008 1 In witness of the foregoing, the Ceding Company and the Reinsurer have, by their respective officers, executed this Amendment in duplicate on the dates indicated below. TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY by its Administrator and Attorney-in-Fact SCOR Global Life Re Insurance Company of Texas By: /s/ Glenn Cunningham Attest: /s/ Robin S. Blackwell ----------------------------------- -------------------------------- Name: Glenn Cunningham Name: Robin S. Blackwell Title: Executive Vice President Title: Assistant Vice President SCOR Global Life Re Insurance SCOR Global Life Re Insurance Company of Texas Company of Texas Date: April 4, 2012 Date: April 6, 2012
HARTFORD LIFE INSURANCE COMPANY By: /s/ Paul Fischer Attest: /s/ Michael Roscoe -------------------------------------- --------------------------------------- Name: Paul Fischer, FSA, MAAA Name: Michael Roscoe, FSA, MAAA Title: Assistant Vice President and Actuary Title: Senior Vice President Individual Life Product Management Individual Life Product Management Date: May 21, 2012 Date: 5/22/2012
Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 9 -- Effective 10/01/2008 2 EXHIBIT IV YRT REINSURANCE RATE FACTORS EFFECTIVE OCTOBER 1, 2008 FOR SINGLE LIFE AND LAST SURVIVOR PLANS OF INSURANCE AND FOR AUTOMATIC AND FACULTATIVE REINSURANCE YRT REINSURANCE RATE FACTORS (SEE EXHIBIT I FOR USAGE) FOR YEARS OF COVERAGE 1-10 FOR YEARS OF COVERAGE 11-20 FOR YEARS OF COVERAGE 21 AND LATER Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 9 -- Effective 10/01/2008 3 AMENDMENT 10 EFFECTIVE MARCH 1, 2012 TO THE AUTOMATIC AND FACULTATIVE MONTHLY RENEWABLE TERM REINSURANCE AGREEMENT EFFECTIVE OCTOBER 1, 2008 BETWEEN HARTFORD LIFE INSURANCE COMPANY ("CEDING COMPANY") AND TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY ("REINSURER") ("AGREEMENT") WHEREAS, the Reinsurer currently reinsures the Ceding Company's plans or policies under the Agreement; and WHEREAS, the Ceding Company and the Reinsurer wish to restate the definition of Working Reserve for the Reinsured Net Amount at Risk to reflect that it is the approximate value of the reserve net of other reinsurance arrangements held by the Ceding Company; and WHEREAS, the Ceding Company and the Reinsurer wish to acknowledge that Hartford Bicentennial UL Freedom and Hartford Bicentennial UL Joint Freedom II will now use NAR Type B only. NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, the Ceding Company and the Reinsurer hereby agree as follows: 1. The above recitals are true and accurate and are incorporated herein. 2. Schedule A is hereby deleted in its entirety and replaced with the attached, revised Schedule A. 3. Schedule B is hereby deleted in its entirety and replaced with the attached, revised Schedule B. 4. Except as herein amended, all other terms and conditions of the Agreement shall remain in full force and effect and unchanged. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 10 -- Effective 03/01/2012 1 In witness of the foregoing, the Ceding Company and the Reinsurer have, by their respective officers, executed this Amendment in duplicate on the dates indicated below. TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY by its Administrator and Attorney-in-Fact SCOR Global Life Re Insurance Company of Texas By: /s/ Glenn Cunningham Attest: /s/ Robin S. Blackwell ---------------------------------------------- ---------------------------------------------- Name: Glenn Cunningham Name: Robin S. Blackwell Title: Executive Vice President Title: Assistant Vice President SCOR Global Life Re Insurance Company of Texas SCOR Global Life Re Insurance Company of Texas Date: September 20, 2012 Date: September 25, 2012
HARTFORD LIFE INSURANCE COMPANY By: /s/ Paul Fischer Attest: /s/ Michael Roscoe ---------------------------------------------- ---------------------------------------------- Name: Paul Fischer, FSA, MAAA Name: Michael Roscoe, FSA, MAAA Title: Assistant Vice President and Actuary Title: Senior Vice President Individual Life Product Management Individual Life Product Management Date: October 8, 2012 Date: 10/11/12
Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 10 -- Effective 03/01/2012 2 SCHEDULE A PLANS OF INSURANCE COVERED UNDER THIS AGREEMENT EFFECTIVE MARCH 1, 2012 SINGLE LIFE PLANS OF INSURANCE
NAR EFFECTIVE BASE POLICY VALUATION MORTALITY TABLE(S) TYPE* DATE** --------------------------------------------------------------------------------------------------------------------------------- Stag UL 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Bicentennial UL Founders 2001 CSO M/F S/NS Ultimate ANB A 10/01/2008 Hartford UL CV 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Stag Wall Street VUL 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Stag Protector II VUL 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Leaders VUL Legacy 2001 CSO M/F Composite Ultimate ANB A 10/01/2008 Stag Accumulator II VUL 1980 CSO M/F Unismoke Ultimate ALB A 10/01/2008 Hartford Leaders VUL Liberty (a) 1980 CSO M/F Unismoke Ultimate ANB A 10/01/2008 Hartford Leaders VUL Liberty (b) 2001 CSO M/F Composite Ultimate ANB A 10/01/2008 Life Solutions II UL (a) 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Life Solutions II UL (b) 2001 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Advanced Universal Life 2001 CSO M/F S/NS Ultimate ALB B 10/01/2008 Hartford Bicentennial UL Freedom 2001 CSO M/F S/NS Ultimate ANB B 10/01/2008 Hartford Quantum II VUL (a) 2001 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Quantum II VUL (b) 2001 CSO M/F S/NS Ultimate ANB A 10/01/2008 Hartford ExtraOrdinary Whole Life (a) 2001 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford ExtraOrdinary Whole Life (b) 2001 CSO M/F S/NS Ultimate ANB A 10/01/2008 Hartford Bicentennial UL Founders II 2001 CSO M/F S/NS Ultimate ANB A 03/05/2010 Hartford Bicentennial UL Founders II Extended Value Option 2001 CSO M/F S/NS Ultimate ANB A 03/05/2010 Hartford Frontier Indexed Universal Life 2001 CSO M/F S/NS Ultimate ANB A 09/07/2010 Hartford Frontier Indexed Universal Life Extended Value 2001 CSO M/F S/NS Ultimate ANB A 09/07/2010 Option Hartford Founders Plus UL 2001 CSO M/F S/NS Ultimate ANB A 10/03/2011 Hartford Founders Plus UL Extended Value Option 2001 CSO M/F S/NS Ultimate ANB A 10/03/2011
------------ * NAR Type is described in Schedule B. ** Eligibility for new business is based on issue date on or after the Effective Date shown.
RIDERS PROVIDING DEATH BENEFITS EFFECTIVE THAT ARE ELIGIBLE FOR REINSURANCE DATE** -------------------------------------------------------------------------------- Primary Term Insured Rider 10/01/2008 Other Covered Insured Term Life Rider 10/01/2008 Cost of Living Adjustment (COLA) Rider 10/01/2008
NOTE: NAR Type for term riders above is C. For COLA Rider, NAR Type follows Base Policy to which it is attached.
RIDERS THAT PROVIDE ADDITIONAL BENEFITS EFFECTIVE BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE DATE** -------------------------------------------------------------------------------- Accidental Death Benefit (ADB) Rider 10/01/2008 Accelerated Benefit Rider (ABR) 10/01/2008
Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 10 -- Effective 03/01/2012 3
RIDERS THAT PROVIDE ADDITIONAL BENEFITS EFFECTIVE BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE (CONTINUED) DATE** -------------------------------------------------------------------------------- LifeAccess Accelerated Benefit Rider (LAABR) 10/01/2008 Policy Continuation Rider 10/01/2008 Policy Protection Rider (PPR) 10/01/2008 Enhanced No Lapse Guarantee Rider 10/01/2008 Lifetime No Lapse Guarantee Rider 10/01/2008 Guaranteed Minimum Accumulation Benefit (GMAB) Rider 10/01/2008 Paid-Up Life Insurance Rider 10/01/2008 Conversion Option Rider 10/01/2008 Overloan Protection Rider 10/01/2008 Waiver of Specified Amount (WSA) Rider 10/01/2008 Waiver of Monthly Deductions (WMD) Rider 10/01/2008 Children's Life Insurance Rider 10/01/2008 Foreign Travel Exclusion Rider 10/01/2008 Estate Tax Repeal Benefit Rider 10/01/2008 Modified Surrender Value Rider 10/01/2008 Cash Surrender Value Endorsement 10/01/2008 Automatic Premium Payment Rider 10/01/2008 Additional Premium Rider 10/01/2008 Qualified Plan Rider 10/01/2008 Owner Designated Settlement Option Rider 03/05/2010 DisabilityAccess Rider (DAR) 08/11/2009 LongevityAccess Rider 03/14/2011 LifeAccess Care Rider 04/11/2011
------------ ** Eligibility for new business is based on issue date on or after the Effective Date shown. RIDER DESCRIPTIONS (Rider descriptions are added for convenience. To the extent the description conflicts with the terms of the rider, the rider will govern.) RIDERS PROVIDING ADDITIONAL DEATH BENEFITS THAT ARE ELIGIBLE FOR REINSURANCE: Primary Insured Term Rider: Provides additional level term life coverage on the base policy insured. Other Covered Insured Term Life Rider: Provides level term life coverage on an insured other than the base policy insured. Cost of Living Adjustment (COLA) Rider: Provides for biennial face amount increases, without underwriting, based on increases in the Consumer Price Index. The maximum amount of any single increase is $50,000. Any increase can be declined by the policyholder, which stops future increases. Available only at issue and only for non-substandard issue ages 0 through 60. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 10 -- Effective 03/01/2012 4 RIDERS THAT PROVIDE ADDITIONAL BENEFITS THAT ARE NOT ELIGIBLE FOR REINSURANCE: Accidental Death Benefit Rider: Pays an additional death benefit if the death on the insured is caused by a qualifying accident. Accelerated Benefit Rider: Provides the policyholder up to 100% of the death benefit, discounted with interest, if the insured's life expectancy is 12 months or less. After acceleration, the Ceding Company shall continue to pay the Reinsurer Reinsurance Premiums on the Reinsured Net Amount at Risk as described in Schedule B, and the Reinsurer shall be liable for such Reinsured Net Amount at Risk upon the death of the insured. LifeAccess Accelerated Benefit Rider (LAABR): Provides for monthly benefits (up to 2% of death benefit) if insured meets certain ADL and home-care requirements. In accordance with Schedule B, during and after acceleration, the Ceding Company shall continue to pay the Reinsurer Reinsurance Premiums on the Reinsured Net Amount at Risk based on the Death Benefit prior to acceleration, and the Reinsurer shall be liable for such Reinsured Net Amount at Risk upon the death of the insured. Policy Continuation Rider: Intended to prevent the lapse of highly loaned policies. Policy Protection Rider: Protects the death benefit of the base policy and any primary insured term rider from lapse as long as the Policy Protection Account Value ("shadow account") is not negative. Enhanced No Lapse Guarantee Rider: Provides that the policy will not lapse as long as cumulative premiums paid less indebtedness less withdrawals are greater than or equal to the cumulative no lapse guarantee premiums. Length of guarantee varies by issue age. Lifetime No Lapse Guarantee Rider: Same as Enhanced No Lapse Guarantee Rider but with lifetime guarantee. Guaranteed Minimum Accumulation Benefit (GMAB) Rider: Provides, at the end of the GMAB Guarantee Period (usually 20 years), that the policy Account Value will be increased, if necessary, to equal the sum of gross premiums paid to that date. There is a small monthly charge and a minimum cumulative premium requirement to keep the rider in force. Paid-Up Life Insurance Rider: Similar to the GMAB rider, with the same Guarantee Period, a monthly charge, and a cumulative premium requirement. At end of the Guarantee Period, the owner may elect to change coverage to paid-up life using the Account Value as a 5% NSP to determine the amount of coverage; however, the amount of coverage will never be lower than the sum of gross premiums paid to that date. Once elected, premiums are no longer payable. Conversion Option Rider: During certain policy years and prior to the insured's attained age 70, the policy may be converted, without evidence of insurability, to any permanent plan of life insurance the Ceding Company then makes available for conversions of this policy. Overloan Protection Rider: Protects a policy from terminating due to overloan. Waiver of Specified Amount (WSA) Rider: Waives a specified amount monthly while the insured is disabled. Waiver of Monthly Deductions (WMD) Rider: Waives monthly deduction amounts while the insured is disabled. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 10 -- Effective 03/01/2012 5 Children's Life Insurance Rider: Provides level term life coverage for each child of the insured. Foreign Travel Exclusion Rider: Provides a limited death benefit (Account Value less indebtedness) if the insured dies due to travel to, from, or within certain foreign countries, or due directly or indirectly to illness or injury sustained during such travel. Estate Tax Repeal Benefit Rider: Pays the policy Account Value less indebtedness if the Federal Estate Tax Law is fully repealed by December 31, 2010, and the Ceding Company receives a request for this benefit amount from the policy owner. Modified Surrender Value Rider: Changes the Cash Surrender Value definition (to equal the Account Value) if the policy is surrendered within 3 years after the policy issue date. Cash Surrender Value Endorsement: Provides for enhanced Cash Surrender Value (equal to the current Account Value) in the event of policy surrender in the first 4 policy years, unless the policy is exchanged under Section 1035 to another company's policy. Automatic Premium Payment Rider: Provides for any Scheduled Premium due and unpaid by the end of any Policy Grace Period to be paid by an automatic deduction from the Account Value, if the Account Value exceeds the Guaranteed Cash Value. Additional Premium Rider: Allows additional premium amounts to be paid at the same payment intervals as scheduled premiums. Qualified Plan Rider: Indicates that the policy is owned by a qualified plan, details the policy owner's reporting responsibilities to the Ceding Company, and describes features and activities that are unavailable when the policy is owned by a Qualified Plan. Owner Designated Settlement Option Rider. Allows the policy owner to designate a Settlement Option to be used for the payment of Death Proceeds. DisabilityAccess Rider (DAR): Pays a monthly benefit upon disability of the primary insured on the life insurance policy to which it is attached. The amount of monthly benefit is permanently set at rider issue and is limited to a 24-month benefit period. The maximum monthly benefit amount is $5,000; it is further limited to 2% of the initial face amount or 30% of monthly income at policy issue. The minimum monthly benefit is $1,000. LongevityAccess Rider: Provides for monthly benefits (up to 1% of death benefit) when the insured reaches age 90 and meets the rider's eligibility requirements. Includes a residual death benefit of 10% of the death benefit prior to withdrawals. In accordance with Schedule B, during and after withdrawals, the Ceding Company shall continue to pay the Reinsurer Reinsurance Premiums on the Reinsured Net Amount at Risk based on the Death Benefit prior to withdrawals, and the Reinsurer shall be liable for such Reinsured Net Amount at Risk upon the death of the insured. LifeAccess Care Rider: Similar to the LifeAccess Accelerated Benefit Rider, but filed as a health product in some states. Provides for monthly benefits (up to 2% of death benefit) if insured meets certain ADL and home-care requirements. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 10 -- Effective 03/01/2012 6 LAST SURVIVOR PLANS OF INSURANCE
NAR EFFECTIVE BASE POLICY VALUATION MORTALITY TABLE(S) TYPE* DATE** --------------------------------------------------------------------------------------------------------------------------------- Hartford Leaders VUL Joint Legacy 2001 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Leaders VUL Joint Legacy II 2001 CSO M/F S/NS Ultimate ANB A 10/01/2008 Hartford Advanced Last Survivor UL 2001 CSO M/F S/NS Ultimate ALB B 10/01/2008 Hartford Bicentennial UL Joint Freedom 2001 CSO M/F S/NS Ultimate ALB B 10/01/2008 Hartford Bicentennial UL Joint Freedom II 2001 CSO M/F S/NS Ultimate ANB B 10/01/2008
------------ * NAR Type is described in Schedule B. ** Eligibility for new business is based on issue date on or after the Effective Date shown.
RIDERS PROVIDING DEATH BENEFITS EFFECTIVE THAT ARE ELIGIBLE FOR REINSURANCE DATE** -------------------------------------------------------------------------------- Estate Protection Rider (NAR Type is C) 10/01/2008
RIDERS THAT PROVIDE ADDITIONAL BENEFITS EFFECTIVE BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE DATE** -------------------------------------------------------------------------------- LS Exchange Option Rider 10/01/2008 Policy Protection Rider 10/01/2008 Estate Tax Repeal Rider 10/01/2008 Foreign Travel Exclusion Rider 10/01/2008 Guaranteed Minimum Accumulation Benefit (GMAB) Rider 10/01/2008 Paid-Up Life Insurance Rider 10/01/2008 Owner Designated Settlement Option Rider 03/05/2010 Joint LifeAccess Rider 01/31/2011
------------ ** Eligibility for new business is based on issue date on or after the Effective Date shown. RIDER DESCRIPTIONS (Rider descriptions are added for convenience. To the extent the description conflicts with the terms of the rider, the rider will govern.) RIDERS PROVIDING DEATH BENEFITS THAT ARE ELIGIBLE FOR REINSURANCE: Estate Protection Rider: This rider provides last survivor level term life insurance on the base policy insureds for three years. RIDERS THAT PROVIDE ADDITIONAL BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE: LS Exchange Option Rider: Allows a Last Survivor policy to be split into two Single Life policies, without new evidence of insurability, if divorce, business dissolution, or estate-tax repeal or reduction occurs. The face amount of each new Single Life policy will equal one half of the Last Survivor policy face amount. Upon a split, reinsurance will continue at point-in-scale rates for each single life, as documented in Section X.C. (This rider is not available when one of the insureds is uninsurable or above Table H.) Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 10 -- Effective 03/01/2012 7 Policy Protection Rider: Protects the death benefit of the base policy and any Estate Protection Rider from lapse as long as the Policy Protection Account Value ("shadow account") is not negative. Estate Tax Repeal Rider: Will pay the Account Value less indebtedness if the Federal Estate Tax Law is fully repealed by December 31, 2010, and the Ceding Company receives a request for this benefit amount from the policy owner. Foreign Travel Exclusion: Provides a limited death benefit (Account Value less indebtedness) if either insured dies due to travel to, from, or within certain foreign countries, or due directly or indirectly to illness or injury sustained during such travel. Guaranteed Minimum Accumulation Benefit Rider and Paid-Up Life Insurance Rider: Same as Single Life riders. Owner Designated Settlement Option Rider. Allows the policy owner to designate a Settlement Option to be used for the payment of Death Proceeds. Joint LifeAccess Rider: Similar to the LifeAccess Accelerated Benefit Rider. Available only on Last Survivor products where the benefit will be payable for the last surviving insured if chronically ill or if both insureds are concurrently chronically ill. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 10 -- Effective 03/01/2012 8 SCHEDULE B REINSURANCE SPECIFICATIONS EFFECTIVE MARCH 1, 2012 AUTOMATIC REINSURANCE: The Ceding Company shall retain its available retention on each risk, defined below as the Retained Net Amount at Risk, subject to the applicable Ceding Company's Treaty Retention Limit shown in Exhibit II. The Reinsurer will automatically reinsure a portion of the remainder of the risk, called the Reinsured Net Amount at Risk, as defined below in this Schedule B. FACULTATIVE REINSURANCE: The Reinsurer will reinsure X% (as determined at issue) of the Total Net Amount at Risk for the risk. TOTAL ALLOCATION LIMIT (TAL): As shown in Exhibit II. CEDING COMPANY'S TREATY RETENTION LIMIT (CCTRL): As shown in Exhibit II. CEDING COMPANY'S ALLOCATED RETENTION (CCAR): As shown in Exhibit II. CURRENT RETENTION (CURRRET) = Current amount of life insurance retained by the Ceding Company and its affiliated companies on the life for in-force life insurance coverage. (For Last Survivor risks, see the Last Survivor Limits and Retention Worksheet in Exhibit II.) REINSURER'S ALLOCATED RETENTION (REINSARET): As shown in Exhibit II. REINSURER'S ATTACHMENT POINT (REINSAPT): As shown in Exhibit II. NAR TYPE for the Plan of Insurance to be reinsured under this Agreement, as shown in Schedule A. STEP 1 -- DETERMINE TOTAL NET AMOUNT AT RISK FOR THE COVERAGE* TOTAL NET AMOUNT AT RISK (TOTNAR) = For NAR TYPE A, Death Benefit minus the Account Value. For NAR TYPE B, Death Benefit minus the Working Reserve, where Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 10 -- Effective 03/01/2012 9 STEP 2 -- DETERMINE NET AMOUNT AT RISK FOR EACH "LAYER" OF COVERAGE STEP 3 -- DETERMINE THE NAR FOR THE CEDING COMPANY AND THEN FOR THE REINSURER Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 10 -- Effective 03/01/2012 10 MINIMUM AUTOMATIC REINSURANCE CESSION: [ILLEGIBLE] MINIMUM FACULTATIVE REINSURANCE APPLICATION: LEAD REINSURER: [ILLEGIBLE] Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 10 -- Effective 03/01/2012 11 AMENDMENT 11 EFFECTIVE OCTOBER 15, 2012 TO THE AUTOMATIC AND FACULTATIVE MONTHLY RENEWABLE TERM REINSURANCE AGREEMENT EFFECTIVE OCTOBER 1, 2008 BETWEEN HARTFORD LIFE INSURANCE COMPANY ("CEDING COMPANY") AND TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY ("REINSURER") ("AGREEMENT") WHEREAS, the Reinsurer currently reinsures the Ceding Company's plans or policies under the Agreement; and WHEREAS, the Ceding Company and the Reinsurer wish to amend the Agreement to include Hartford Joint Founders Plus UL as Base Policy under the Agreement, for policies issued on or after the Effective Date shown in Schedule A. NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, the Ceding Company and the Reinsurer hereby agree as follows: 1. The above recitals are true and accurate and are incorporated herein. 2. Schedule A is deleted in its entirety and replaced with the attached revised Schedule A. 3. Except as herein amended, all other terms and conditions of the Agreement shall remain in full force and effect and unchanged. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 11 -- Effective 10/15/2012 1 In witness of the foregoing, the Ceding Company and the Reinsurer have, by their respective officers, executed this Amendment in duplicate on the dates indicated below. TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY BY ITS ADMINISTRATOR AND ATTORNEY-IN-FACT SCOR GLOBAL LIFE RE INSURANCE COMPANY OF TEXAS By: /s/ Glenn Cunningham Attest: /s/ Robin Blackwell ---------------------------------------------- ---------------------------------------------- Name: Glenn Cunningham Name: Robin Blackwell Title: Executive Vice President Title: Assistant Vice President Date: November 5, 2012 Date: November 8, 2012
HARTFORD LIFE INSURANCE COMPANY By: /s/ Paul Fischer Attest: /s/ Michael Roscoe ---------------------------------------------- ---------------------------------------------- Name: Paul Fischer, FSA, MAAA Name: Michael Roscoe, FSA, MAAA Title: Assistant Vice President and Actuary Title: Senior Vice President Individual Life Product Management Individual Life Product Management Date: November 27, 2012 Date: 11/25/2012
Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 11 -- Effective 10/15/2012 2 SCHEDULE A PLANS OF INSURANCE COVERED UNDER THIS AGREEMENT EFFECTIVE OCTOBER 15, 2012 SINGLE LIFE PLANS OF INSURANCE
NAR EFFECTIVE BASE POLICY VALUATION MORTALITY TABLE(S) TYPE* DATE** ------------------------------------------------------------------------------------------------------------ Stag UL 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Bicentennial UL Founders 2001 CSO M/F S/NS Ultimate ANB A 10/01/2008 Hartford UL CV 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Stag Wall Street VUL 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Stag Protector II VUL 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Leaders VUL Legacy 2001 CSO M/F Composite Ultimate ANB A 10/01/2008 Stag Accumulator II VUL 1980 CSO M/F Unismoke Ultimate ALB A 10/01/2008 Hartford Leaders VUL Liberty (a) 1980 CSO M/F Unismoke Ultimate ANB A 10/01/2008 Hartford Leaders VUL Liberty (b) 2001 CSO M/F Composite Ultimate ANB A 10/01/2008 Life Solutions II UL (a) 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Life Solutions II UL (b) 2001 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Advanced Universal Life 2001 CSO M/F S/NS Ultimate ALB B 10/01/2008 Hartford Bicentennial UL Freedom 2001 CSO M/F S/NS Ultimate ANB B*** 10/01/2008 Hartford Quantum II VUL (a) 2001 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Quantum II VUL (b) 2001 CSO M/F S/NS Ultimate ANB A 10/01/2008 Hartford ExtraOrdinary Whole Life (a) 2001 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford ExtraOrdinary Whole Life (b) 2001 CSO M/F S/NS Ultimate ANB A 10/01/2008 Hartford Bicentennial UL Founders II 2001 CSO M/F S/NS Ultimate ANB A 03/05/2010 Hartford Bicentennial UL Founders II Extended Value Option 2001 CSO M/F S/NS Ultimate ANB A 03/05/2010 Hartford Frontier Indexed Universal Life 2001 CSO M/F S/NS Ultimate ANB A 09/07/2010 Hartford Frontier Indexed Universal Life Extended Value Option 2001 CSO M/F S/NS Ultimate ANB A 09/07/2010 Hartford Founders Plus UL 2001 CSO M/F S/NS Ultimate ANB A 10/03/2011 Hartford Founders Plus UL Extended Value Option 2001 CSO M/F S/NS Ultimate ANB A 10/03/2011 Hartford Frontier 2012 Indexed UL 2001 CSO M/F S/NS Ultimate ANB A 07/16/2012 Hartford Frontier 2012 Indexed UL Extended Value Option 2001 CSO M/F S/NS Ultimate ANB A 07/16/2012 Hartford Leaders VUL Liberty 2012 2001 CSO M/F Composite Ultimate ANB A 08/06/2012 Hartford Leaders VUL Liberty 2012 Extended Value Option 2001 CSO M/F Composite Ultimate ANB A 08/06/2012
------------ * NAR Type is described in Schedule B. ** Eligibility for new business is based on issue date on or after the Effective Date shown. *** The version of this product launched on 7/1/2010 used NAR Type A prior to 3/1/2012. As of 3/1/2012, NAR Type B is used prospectively for all in force and new policies. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 11 -- Effective 10/15/2012 3
RIDERS PROVIDING DEATH BENEFITS EFFECTIVE THAT ARE ELIGIBLE FOR REINSURANCE DATE** -------------------------------------------------------------------------------- Primary Term Insured Rider 10/01/2008 Other Covered Insured Term Life Rider 10/01/2008 Cost of Living Adjustment (COLA) Rider 10/01/2008
NOTE: NAR Type for term riders above is C. For COLA Rider, NAR Type follows Base Policy to which it is attached.
RIDERS THAT PROVIDE ADDITIONAL BENEFITS EFFECTIVE BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE DATE** -------------------------------------------------------------------------------- Accidental Death Benefit (ADS) Rider 10/01/2008 Accelerated Benefit Rider (ABR) 10/01/2008 LifeAccess Accelerated Benefit Rider (LAABR) 10/01/2008 Policy Continuation Rider 10/01/2008 Policy Protection Rider (PPR) 10/01/2008 Enhanced No Lapse Guarantee Rider 10/01/2008 Lifetime No Lapse Guarantee Rider 10/01/2008 Guaranteed Minimum Accumulation Benefit (GMAB) Rider 10/01/2008 Paid-Up Life Insurance Rider 10/01/2008 Conversion Option Rider 10/01/2008 Overloan Protection Rider 10/01/2008 Waiver of Specified Amount (WSA) Rider 10/01/2008 Waiver of Monthly Deductions (WMD) Rider 10/01/2008 Children's Life Insurance Rider 10/01/2008 Foreign Travel Exclusion Rider 10/01/2008 Estate Tax Repeal Benefit Rider 10/01/2008 Modified Surrender Value Rider 10/01/2008 Cash Surrender Value Endorsement 10/01/2008 Automatic Premium Payment Rider 10/01/2008 Additional Premium Rider 10/01/2008 Qualified Plan Rider 10/01/2008 Owner Designated Settlement Option Rider 03/05/2010 DisabilityAccess Rider (DAR) 08/11/2009 LongevityAccess Rider 03/14/2011 LifeAccess Care Rider 04/11/2011
------------ ** Eligibility for new business is based on issue date on or after the Effective Date shown. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 11 -- Effective 10/15/2012 4 RIDER DESCRIPTIONS (Rider descriptions are added for convenience. To the extent the description conflicts with the terms of the rider, the rider will govern.) RIDERS PROVIDING ADDITIONAL DEATH BENEFITS THAT ARE ELIGIBLE FOR REINSURANCE: Primary Insured Term Rider: Provides additional level term life coverage on the base policy insured. Other Covered Insured Term Life Rider: Provides level term life coverage on an insured other than the base policy insured. Cost of Living Adjustment (COLA) Rider: Provides for biennial face amount increases, without underwriting, based on increases in the Consumer Price Index. The maximum amount of any single increase is $50,000. Any increase can be declined by the policyholder, which stops future increases. Available only at issue and only for non-substandard issue ages 0 through 60. RIDERS THAT PROVIDE ADDITIONAL BENEFITS THAT ARE NOT ELIGIBLE FOR REINSURANCE: Accidental Death Benefit Rider: Pays an additional death benefit if the death on the insured is caused by a qualifying accident. Accelerated Benefit Rider: Provides the policyholder up to 100% of the death benefit, discounted with interest, if the insured's life expectancy is 12 months or less. After acceleration, the Ceding Company shall continue to pay the Reinsurer Reinsurance Premiums on the Reinsured Net Amount at Risk as described in Schedule B, and the Reinsurer shall be liable for such Reinsured Net Amount at Risk upon the death of the insured. LifeAccess Accelerated Benefit Rider (LAABR): Provides for monthly benefits (up to 2% of death benefit) if insured meets certain ADL and home-care requirements. In accordance with Schedule B, during and after acceleration, the Ceding Company shall continue to pay the Reinsurer Reinsurance Premiums on the Reinsured Net Amount at Risk based on the Death Benefit prior to acceleration, and the Reinsurer shall be liable for such Reinsured Net Amount at Risk upon the death of the insured. Policy Continuation Rider: Intended to prevent the lapse of highly loaned policies. Policy Protection Rider: Protects the death benefit of the base policy and any primary insured term rider from lapse as long as the Policy Protection Account Value ("shadow account") is not negative. Enhanced No Lapse Guarantee Rider: Provides that the policy will not lapse as long as cumulative premiums paid less indebtedness less withdrawals are greater than or equal to the cumulative no lapse guarantee premiums. Length of guarantee varies by issue age. Lifetime No Lapse Guarantee Rider: Same as Enhanced No Lapse Guarantee Rider but with lifetime guarantee. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 11 -- Effective 10/15/2012 5 PAGE 4 OF 7 RIDERS THAT PROVIDE ADDITIONAL BENEFITS THAT ARE NOT ELIGIBLE FOR REINSURANCE: Guaranteed Minimum Accumulation Benefit (GMAB) Rider: Provides, at the end of the GMAB Guarantee Period (usually 20 years), that the policy Account Value will be increased, if necessary, to equal the sum of gross premiums paid to that date. There is a small monthly charge and a minimum cumulative premium requirement to keep the rider in force. Paid-Up Life Insurance Rider: Similar to the GMAB rider, with the same Guarantee Period, a monthly charge, and a cumulative premium requirement. At end of the Guarantee Period, the owner may elect to change coverage to paid-up life using the Account Value as a 5% NSP to determine the amount of coverage; however, the amount of coverage will never be lower than the sum of gross premiums paid to that date. Once elected, premiums are no longer payable. Conversion Option Rider: During certain policy years and prior to the insured's attained age 70, the policy may be converted, without evidence of insurability, to any permanent plan of life insurance the Ceding Company then makes available for conversions of this policy. Overloan Protection Rider: Protects a policy from terminating due to overloan. Waiver of Specified Amount (WSA) Rider: Waives a specified amount monthly while the insured is disabled. Waiver of Monthly Deductions (WMD) Rider: Waives monthly deduction amounts while the insured is disabled. Children's Life Insurance Rider: Provides level term life coverage for each child of the insured. Foreign Travel Exclusion Rider: Provides a limited death benefit (Account Value less indebtedness) if the insured dies due to travel to, from, or within certain foreign countries, or due directly or indirectly to illness or injury sustained during such travel. Estate Tax Repeal Benefit Rider: Pays the policy Account Value less indebtedness if the Federal Estate Tax Law is fully repealed by December 31, 2010, and the Ceding Company receives a request for this benefit amount from the policy owner. Modified Surrender Value Rider: Changes the Cash Surrender Value definition (to equal the Account Value) if the policy is surrendered within 3 years after the policy issue date. Cash Surrender Value Endorsement: Provides for enhanced Cash Surrender Value (equal to the current Account Value) in the event of policy surrender in the first 4 policy years, unless the policy is exchanged under Section 1035 to another company's policy. Automatic Premium Payment Rider: Provides for any Scheduled Premium due and unpaid by the end of any Policy Grace Period to be paid by an automatic deduction from the Account Value, if the Account Value exceeds the Guaranteed Cash Value. Additional Premium Rider: Allows additional premium amounts to be paid at the same payment intervals as scheduled premiums. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 11 -- Effective 10/15/2012 6 RIDERS THAT PROVIDE ADDITIONAL BENEFITS THAT ARE NOT ELIGIBLE FOR REINSURANCE (CONTINUED): Qualified Plan Rider: Indicates that the policy is owned by a qualified plan, details the policy owner's reporting responsibilities to the Ceding Company, and describes features and activities that are unavailable when the policy is owned by a Qualified Plan. Owner Designated Settlement Option Rider. Allows the policy owner to designate a Settlement Option to be used for the payment of Death Proceeds. DisabilityAccess Rider (DAR): Pays a monthly benefit upon disability of the primary insured on the life insurance policy to which it is attached. The amount of monthly benefit is permanently set at rider issue and is limited to a 24-month benefit period. The maximum monthly benefit amount is $5,000; it is further limited to 2% of the initial face amount or 30% of monthly income at policy issue. The minimum monthly benefit is $1,000. LongevityAccess Rider: Provides for monthly benefits (up to 1% of death benefit) when the insured reaches age 90 and meets the rider's eligibility requirements. Includes a residual death benefit of 10% of the death benefit prior to withdrawals. In accordance with Schedule B, during and after withdrawals, the Ceding Company shall continue to pay the Reinsurer Reinsurance Premiums on the Reinsured Net Amount at Risk based on the Death Benefit prior to withdrawals, and the Reinsurer shall be liable for such Reinsured Net Amount at Risk upon the death of the insured. LifeAccess Care Rider: Similar to the LifeAccess Accelerated Benefit Rider, but filed as a health product in some states. Provides for monthly benefits (up to 2% of death benefit) if insured meets certain ADL and home-care requirements. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 11 -- Effective 10/15/2012 7 LAST SURVIVOR PLANS OF INSURANCE
NAR EFFECTIVE BASE POLICY VALUATION MORTALITY TABLE(S) TYPE* DATE** ------------------------------------------------------------------------------------------------------ Hartford Leaders VUL Joint Legacy 2001 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Leaders VUL Joint Legacy II 2001 CSO M/F S/NS Ultimate ANB A 10/01/2008 Hartford Advanced Last Survivor UL 2001 CSO M/F S/NS Ultimate ALB B 10/01/2008 Hartford Bicentennial UL Joint Freedom 2001 CSO M/F S/NS Ultimate ALB B 10/01/2008 Hartford Bicentennial UL Joint Freedom II 2001 CSO M/F S/NS Ultimate ANB B*** 10/01/2008 Hartford Joint Founders Plus UL 2001 CSO M/F S/NS Ultimate ANB A 10/15/2012
------------ * NAR Type is described in Schedule B. ** Eligibility for new business is based on issue date on or after the Effective Date shown. *** The version of this product launched on 7/1/2010 used NAR Type A prior to 3/1/2012. As of 3/1/2012, NAR Type B is used prospectively for all in force and new policies.
RIDERS PROVIDING DEATH BENEFITS EFFECTIVE THAT ARE ELIGIBLE FOR REINSURANCE DATE** -------------------------------------------------------------------------------- Estate Protection Rider (NAR Type is C) 10/01/2008
RIDERS THAT PROVIDE ADDITIONAL BENEFITS EFFECTIVE BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE DATE** -------------------------------------------------------------------------------- LS Exchange Option Rider 10/01/2008 Policy Protection Rider 10/01/2008 Estate Tax Repeal Rider 10/01/2008 Foreign Travel Exclusion Rider 10/01/2008 Guaranteed Minimum Accumulation Benefit (GMAB) Rider 10/01/2008 Paid-Up Life Insurance Rider 10/01/2008 Owner Designated Settlement Option Rider 03/05/2010 Joint LifeAccess Rider 01/31/2011
RIDER DESCRIPTIONS (Rider descriptions are added for convenience. To the extent the description conflicts with the terms of the rider, the rider will govern.) RIDERS PROVIDING DEATH BENEFITS THAT ARE ELIGIBLE FOR REINSURANCE: Estate Protection Rider: This rider provides last survivor level term life insurance on the base policy insureds for three years. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 11 -- Effective 10/15/2012 8 RIDERS THAT PROVIDE ADDITIONAL BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE: LS Exchange Option Rider: Allows a Last Survivor policy to be split into two Single Life policies, without new evidence of insurability, if divorce, business dissolution, or estate-tax repeal or reduction occurs. The face amount of each new Single Life policy will equal one half of the Last Survivor policy face amount. Upon a split, reinsurance will continue at point-in-scale rates for each single life, as documented in Section X.C. (This rider is not available when one of the insureds is uninsurable or above Table H.) Policy Protection Rider: Protects the death benefit of the base policy and any Estate Protection Rider from lapse as long as the Policy Protection Account Value ("shadow account") is not negative. Estate Tax Repeal Rider: Will pay the Account Value less indebtedness if the Federal Estate Tax Law is fully repealed by December 31, 2010, and the Ceding Company receives a request for this benefit amount from the policy owner. Foreign Travel Exclusion: Provides a limited death benefit (Account Value less indebtedness) if either insured dies due to travel to, from, or within certain foreign countries, or due directly or indirectly to illness or injury sustained during such travel. Guaranteed Minimum Accumulation Benefit Rider and Paid-Up Life Insurance Rider: Same as Single Life riders. Owner Designated Settlement Option Rider. Allows the policy owner to designate a Settlement Option to be used for the payment of Death Proceeds. Joint LifeAccess Rider: Similar to the LifeAccess Accelerated Benefit Rider. Available only on Last Survivor products where the benefit will be payable for the last surviving insured if chronically ill or if both insureds are concurrently chronically ill. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 11 -- Effective 10/15/2012 9 AMENDMENT 12 EFFECTIVE JULY 16, 2012 TO THE AUTOMATIC AND FACULTATIVE MONTHLY RENEWABLE TERM REINSURANCE AGREEMENT EFFECTIVE OCTOBER 1, 2008 BETWEEN HARTFORD LIFE INSURANCE COMPANY ("CEDING COMPANY") AND TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY ("REINSURER") ("AGREEMENT") WHEREAS, the Reinsurer currently reinsures the Ceding Company's plans or policies under the Agreement; and WHEREAS, the Ceding Company and the Reinsurer wish to amend the Agreement to reflect that the following Products will be added to the Agreement and the Effective Dates shown in Schedule A are the dates the products will become reinsured: - Hartford Frontier 2012 Indexed UL, - Hartford Frontier 2012 Indexed UL Extended Value Option, - Hartford Leaders VUL Liberty 2012, and - Hartford Leaders VUL Liberty 2012 Extended Value Option. NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, the Ceding Company and the Reinsurer hereby agree as follows: 1. The above recitals are true and accurate and are incorporated herein. 2. Schedule A is deleted in its entirety and replaced with the attached revised Schedule A. 3. Except as herein amended, all other terms and conditions of the Agreement shall remain in full force and effect and unchanged. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 12 -- Effective 07/16/2012 1 In witness of the foregoing, the Ceding Company and the Reinsurer have, by their respective officers, executed this Amendment in duplicate on the dates indicated below. TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY by its Administrator and Attorney-in-Fact SCOR Global Life Re Insurance Company of Texas By: /s/ Glenn Cunningham Attest: /s/ Robin S. Blackwell -------------------------------------- -------------------------------- Name: Glenn Cunningham Name: Robin S. Blackwell Title: Executive Vice President Title: Assistant Vice President SCOR Global Life Re Insurance Company SCOR Global Life Re Insurance of Texas Company of Texas Date: August 13, 2012 Date: August 27, 2012
HARTFORD LIFE INSURANCE COMPANY By: /s/ Paul Fischer Attest: /s/ Donna R. Jarvis -------------------------------------- -------------------------------- Name: Paul Fischer, FSA, MAAA Name: Donna R. Jarvis Title: Assistant Vice President and Actuary Title: Vice President and Actuary Individual Life Product Management Date: 9-24-12 Date: 9-24-12
Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 12 -- Effective 07/16/2012 2 SCHEDULE A PLANS OF INSURANCE COVERED UNDER THIS AGREEMENT EFFECTIVE JULY 16, 2012 SINGLE LIFE PLANS OF INSURANCE
NAR EFFECTIVE BASE POLICY VALUATION MORTALITY TABLE(S) TYPE* DATE** -------------------------------------------------------------------------------------------------------------------- Stag UL 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Bicentennial UL Founders 2001 CSO M/F S/NS Ultimate ANB A 10/01/2008 Hartford UL CV 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Stag Wall Street VUL 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Stag Protector II VUL 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Leaders VUL Legacy 2001 CSO M/F Composite Ultimate ANB A 10/01/2008 Stag Accumulator II VUL 1980 CSO M/F Unismoke Ultimate ALB A 10/01/2008 Hartford Leaders VUL Liberty (a) 1980 CSO M/F Unismoke Ultimate ANB A 10/01/2008 Hartford Leaders VUL Liberty (b) 2001 CSO M/F Composite Ultimate ANB A 10/01/2008 Life Solutions II UL (a) 1980 CSO M/F S/NS Ultimate ALB A 10/01/2008 Life Solutions II UL (b) 2001 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Advanced Universal Life 2001 CSO M/F S/NS Ultimate ALB B 10/01/2008 Hartford Bicentennial UL Freedom 2001 CSO M/F S/NS Ultimate ANB B*** 10/01/2008 Hartford Quantum II VUL (a) 2001 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Quantum II VUL (b) 2001 CSO M/F S/NS Ultimate ANB A 10/01/2008 Hartford ExtraOrdinary Whole Life (a) 2001 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford ExtraOrdinary Whole Life (b) 2001 CSO M/F S/NS Ultimate ANB A 10/01/2008 Hartford Bicentennial UL Founders II 2001 CSO M/F S/NS Ultimate ANB A 03/05/2010 Hartford Bicentennial UL Founders II Extended Value Option 2001 CSO M/F S/NS Ultimate ANB A 03/05/2010 Hartford Frontier Indexed Universal Life 2001 CSO M/F S/NS Ultimate ANB A 09/07/2010 Hartford Frontier Indexed Universal Life Extended Value Option 2001 CSO M/F S/NS Ultimate ANB A 09/07/2010 Hartford Founders Plus UL 2001 CSO M/F S/NS Ultimate ANB A 10/03/2011 Hartford Founders Plus UL Extended Value Option 2001 CSO M/F S/NS Ultimate ANB A 10/03/2011 Hartford Frontier 2012 Indexed UL 2001 CSO M/F S/NS Ultimate ANB A 07/16/2012 Hartford Frontier 2012 Indexed UL Extended Value Option 2001 CSO M/F S/NS Ultimate ANB A 07/16/2012 Hartford Leaders VUL Liberty 2012 2001 CSO M/F Composite Ultimate ANB A 08/06/2012 Hartford Leaders VUL Liberty 2012 Extended Value Option 2001 CSO M/F Composite Ultimate ANB A 08/06/2012
------------ * NAR Type is described in Schedule B. ** Eligibility for new business is based on issue date on or after the Effective Date shown. *** The version of this product launched on 7/1/2010 used NAR Type A prior to 3/1/2012. As of 3/1/2012, NAR Type B is used prospectively for all in force and new policies.
RIDERS PROVIDING DEATH BENEFITS EFFECTIVE THAT ARE ELIGIBLE FOR REINSURANCE DATE** -------------------------------------------------------------------------------- Primary Term Insured Rider 10/01/2008 Other Covered Insured Term Life Rider 10/01/2008 Cost of Living Adjustment (COLA) Rider 10/01/2008
NOTE: NAR Type for term riders above is C. For COLA Rider, NAR Type follows Base Policy to which it is attached. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 12 -- Effective 07/16/2012 3 SINGLE LIFE PLANS OF INSURANCE
RIDERS THAT PROVIDE ADDITIONAL BENEFITS EFFECTIVE BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE DATE** -------------------------------------------------------------------------------- Accidental Death Benefit (ADB) Rider 10/01/2008 Accelerated Benefit Rider (ABR) 10/01/2008 LifeAccess Accelerated Benefit Rider (LAABR) 10/01/2008 Policy Continuation Rider 10/01/2008 Policy Protection Rider (PPR) 10/01/2008 Enhanced No Lapse Guarantee Rider 10/01/2008 Lifetime No Lapse Guarantee Rider 10/01/2008 Guaranteed Minimum Accumulation Benefit (GMAB) Rider 10/01/2008 Paid-Up Life Insurance Rider 10/01/2008 Conversion Option Rider 10/01/2008 Overloan Protection Rider 10/01/2008 Waiver of Specified Amount (WSA) Rider 10/01/2008 Waiver of Monthly Deductions (WMD) Rider 10/01/2008 Children's Life Insurance Rider 10/01/2008 Foreign Travel Exclusion Rider 10/01/2008 Estate Tax Repeal Benefit Rider 10/01/2008 Modified Surrender Value Rider 10/01/2008 Cash Surrender Value Endorsement 10/01/2008 Automatic Premium Payment Rider 10/01/2008 Additional Premium Rider 10/01/2008 Qualified Plan Rider 10/01/2008 Owner Designated Settlement Option Rider 03/05/2010 DisabilityAccess Rider (DAR) 08/11/2009 LongevityAccess Rider 03/14/2011 LifeAccess Care Rider 04/11/2011
------------ ** Eligibility for new business is based on issue date on or after the Effective Date shown. RIDER DESCRIPTIONS (Rider descriptions are added for convenience. To the extent the description conflicts with the terms of the rider, the rider will govern.) RIDERS PROVIDING ADDITIONAL DEATH BENEFITS THAT ARE ELIGIBLE FOR REINSURANCE: Primary Insured Term Rider: Provides additional level term life coverage on the base policy insured. Other Covered Insured Term Life Rider: Provides level term life coverage on an insured other than the base policy insured. Cost of Living Adjustment (COLA) Rider: Provides for biennial face amount increases, without underwriting, based on increases in the Consumer Price Index. The maximum amount of any single increase is $50,000. Any increase can be declined by the policyholder, which stops future increases. Available only at issue and only for non-substandard issue ages 0 through 60. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 12 -- Effective 07/16/2012 4 RIDERS THAT PROVIDE ADDITIONAL BENEFITS THAT ARE NOT ELIGIBLE FOR REINSURANCE: Accidental Death Benefit Rider: Pays an additional death benefit if the death on the insured is caused by a qualifying accident. Accelerated Benefit Rider: Provides the policyholder up to 100% of the death benefit, discounted with interest, if the insured's life expectancy is 12 months or less. After acceleration, the Ceding Company shall continue to pay the Reinsurer Reinsurance Premiums on the Reinsured Net Amount at Risk as described in Schedule B, and the Reinsurer shall be liable for such Reinsured Net Amount at Risk upon the death of the insured. LifeAccess Accelerated Benefit Rider (LAABR): Provides for monthly benefits (up to 2% of death benefit) if insured meets certain ADL and home-care requirements. In accordance with Schedule B, during and after acceleration, the Ceding Company shall continue to pay the Reinsurer Reinsurance Premiums on the Reinsured Net Amount at Risk based on the Death Benefit prior to acceleration, and the Reinsurer shall be liable for such Reinsured Net Amount at Risk upon the death of the insured. Policy Continuation Rider: Intended to prevent the lapse of highly loaned policies. Policy Protection Rider: Protects the death benefit of the base policy and any primary insured term rider from lapse as long as the Policy Protection Account Value ("shadow account") is not negative. Enhanced No Lapse Guarantee Rider: Provides that the policy will not lapse as long as cumulative premiums paid less indebtedness less withdrawals are greater than or equal to the cumulative no lapse guarantee premiums. Length of guarantee varies by issue age. Lifetime No Lapse Guarantee Rider: Same as Enhanced No Lapse Guarantee Rider but with lifetime guarantee. Guaranteed Minimum Accumulation Benefit (GMAB) Rider: Provides, at the end of the GMAB Guarantee Period (usually 20 years), that the policy Account Value will be increased, if necessary, to equal the sum of gross premiums paid to that date. There is a small monthly charge and a minimum cumulative premium requirement to keep the rider in force. Paid-Up Life Insurance Rider: Similar to the GMAB rider, with the same Guarantee Period, a monthly charge, and a cumulative premium requirement. At end of the Guarantee Period, the owner may elect to change coverage to paid-up life using the Account Value as a 5% NSP to determine the amount of coverage; however, the amount of coverage will never be lower than the sum of gross premiums paid to that date. Once elected, premiums are no longer payable. Conversion Option Rider: During certain policy years and prior to the insured's attained age 70, the policy may be converted, without evidence of insurability, to any permanent plan of life insurance the Ceding Company then makes available for conversions of this policy. Overloan Protection Rider: Protects a policy from terminating due to overloan. Waiver of Specified Amount (WSA) Rider: Waives a specified amount monthly while the insured is disabled. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 12 -- Effective 07/16/2012 5 RIDERS THAT PROVIDE ADDITIONAL BENEFITS THAT ARE NOT ELIGIBLE FOR REINSURANCE (CONTINUED): Waiver of Monthly Deductions (WMD) Rider: Waives monthly deduction amounts while the insured is disabled. Children's Life Insurance Rider: Provides level term life coverage for each child of the insured. Foreign Travel Exclusion Rider: Provides a limited death benefit (Account Value less indebtedness) if the insured dies due to travel to, from, or within certain foreign countries, or due directly or indirectly to illness or injury sustained during such travel. Estate Tax Repeal Benefit Rider: Pays the policy Account Value less indebtedness if the Federal Estate Tax Law is fully repealed by December 31, 2010, and the Ceding Company receives a request for this benefit amount from the policy owner. Modified Surrender Value Rider: Changes the Cash Surrender Value definition (to equal the Account Value) if the policy is surrendered within 3 years after the policy issue date. Cash Surrender Value Endorsement: Provides for enhanced Cash Surrender Value (equal to the current Account Value) in the event of policy surrender in the first 4 policy years, unless the policy is exchanged under Section 1035 to another company's policy. Automatic Premium Payment Rider: Provides for any Scheduled Premium due and unpaid by the end of any Policy Grace Period to be paid by an automatic deduction from the Account Value, if the Account Value exceeds the Guaranteed Cash Value. Additional Premium Rider: Allows additional premium amounts to be paid at the same payment intervals as scheduled premiums. Qualified Plan Rider: Indicates that the policy is owned by a qualified plan, details the policy owner's reporting responsibilities to the Ceding Company, and describes features and activities that are unavailable when the policy is owned by a Qualified Plan. Owner Designated Settlement Option Rider. Allows the policy owner to designate a Settlement Option to be used for the payment of Death Proceeds. DisabilityAccess Rider (DAR): Pays a monthly benefit upon disability of the primary insured on the life insurance policy to which it is attached. The amount of monthly benefit is permanently set at rider issue and is limited to a 24-month benefit period. The maximum monthly benefit amount is $5,000; it is further limited to 2% of the initial face amount or 30% of monthly income at policy issue. The minimum monthly benefit is $1,000. LongevityAccess Rider: Provides for monthly benefits (up to 1% of death benefit) when the insured reaches age 90 and meets the rider's eligibility requirements. Includes a residual death benefit of 10% of the death benefit prior to withdrawals. In accordance with Schedule B, during and after withdrawals, the Ceding Company shall continue to pay the Reinsurer Reinsurance Premiums on the Reinsured Net Amount at Risk based on the Death Benefit prior to withdrawals, and the Reinsurer shall be liable for such Reinsured Net Amount at Risk upon the death of the insured. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 12 -- Effective 07/16/2012 6 RIDERS THAT PROVIDE ADDITIONAL BENEFITS THAT ARE NOT ELIGIBLE FOR REINSURANCE (CONTINUED): LifeAccess Care Rider: Similar to the LifeAccess Accelerated Benefit Rider, but filed as a health product in some states. Provides for monthly benefits (up to 2% of death benefit) if insured meets certain ADL and home-care requirements. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 12 -- Effective 07/16/2012 7 LAST SURVIVOR PLANS OF INSURANCE
NAR EFFECTIVE BASE POLICY VALUATION MORTALITY TABLE(S) TYPE* DATE** ---------------------------------------------------------------------------------------------------------- Hartford Leaders VUL Joint Legacy 2001 CSO M/F S/NS Ultimate ALB A 10/01/2008 Hartford Leaders VUL Joint Legacy II 2001 CSO M/F S/NS Ultimate ANB A 10/01/2008 Hartford Advanced Last Survivor UL 2001 CSO M/F S/NS Ultimate ALB B 10/01/2008 Hartford Bicentennial UL Joint Freedom 2001 CSO M/F S/NS Ultimate ALB B 10/01/2008 Hartford Bicentennial UL Joint Freedom II 2001 CSO M/F S/NS Ultimate ANB B*** 10/01/2008
------------ * NAR Type is described in Schedule B. ** Eligibility for new business is based on issue date on or after the Effective Date shown. *** The version of this product launched on 7/1/2010 used NAR Type A prior to 3/1/2012. As of 3/1/2012, NAR Type B is used prospectively for all in force and new policies.
RIDERS PROVIDING DEATH BENEFITS EFFECTIVE THAT ARE ELIGIBLE FOR REINSURANCE DATE** -------------------------------------------------------------------------------- Estate Protection Rider (NAR Type is C) 10/01/2008
RIDERS THAT PROVIDE ADDITIONAL BENEFITS EFFECTIVE BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE DATE** -------------------------------------------------------------------------------- LS Exchange Option Rider 10/01/2008 Policy Protection Rider 10/01/2008 Estate Tax Repeal Rider 10/01/2008 Foreign Travel Exclusion Rider 10/01/2008 Guaranteed Minimum Accumulation Benefit (GMAB) Rider 10/01/2008 Paid-Up Life Insurance Rider 10/01/2008 Owner Designated Settlement Option Rider 03/05/2010 Joint LifeAccess Rider 01/31/2011
RIDER DESCRIPTIONS (Rider descriptions are added for convenience. To the extent the description conflicts with the terms of the rider, the rider will govern.) RIDERS PROVIDING DEATH BENEFITS THAT ARE ELIGIBLE FOR REINSURANCE: Estate Protection Rider: This rider provides last survivor level term life insurance on the base policy insureds for three years. RIDERS THAT PROVIDE ADDITIONAL BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE: LS Exchange Option Rider: Allows a Last Survivor policy to be split into two Single Life policies, without new evidence of insurability, if divorce, business dissolution, or estate-tax repeal or reduction occurs. The face amount of each new Single Life policy will equal one half of the Last Survivor policy face amount. Upon a split, reinsurance will continue at point-in-scale rates for each single life, as documented in Section X.C. (This rider is not available when one of the insureds is uninsurable or above Table H.) Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 12 -- Effective 07/16/2012 8 RIDERS THAT PROVIDE ADDITIONAL BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE (CONTINUED): Policy Protection Rider: Protects the death benefit of the base policy and any Estate Protection Rider from lapse as long as the Policy Protection Account Value ("shadow account") is not negative. Estate Tax Repeal Rider: Will pay the Account Value less indebtedness if the Federal Estate Tax Law is fully repealed by December 31, 2010, and the Ceding Company receives a request for this benefit amount from the policy owner. Foreign Travel Exclusion: Provides a limited death benefit (Account Value less indebtedness) if either insured dies due to travel to, from, or within certain foreign countries, or due directly or indirectly to illness or injury sustained during such travel. Guaranteed Minimum Accumulation Benefit Rider and Paid-Up Life Insurance Rider: Same as Single Life riders. Owner Designated Settlement Option Rider. Allows the policy owner to designate a Settlement Option to be used for the payment of Death Proceeds. Joint LifeAccess Rider: Similar to the LifeAccess Accelerated Benefit Rider. Available only on Last Survivor products where the benefit will be payable for the last surviving insured if chronically ill or if both insureds are concurrently chronically ill. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 12 -- Effective 07/16/2012 9