AMENDMENT NO. 1 TO
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(Agreement)
between
FIRST METLIFE INVESTORS INSURANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
The Agreement is hereby amended, as of May 1, 2005, as follows:
The following paragraph amends and, as amended, restates paragraph B of
Exhibit II, Reinsured Premiums:
B. Income Program
REINSURANCE PREMIUM
INCOME PROGRAM PRODUCTS COVERED (BASIS POINTS)
-------------------- ------------------------------------ -------------------
Income Program Rider All Products issued prior to 35.00
February 15, 2003
Income Program Rider All Products except Classes A, B & 45.00
AA issued after April 30, 2003 and
before May 1, 2005 and Class AA
issued after April 30, 2004 and
before May 1, 2005, if GMDB program
is Annual Step or Max of Annual Step
and Rollup
Income Program Rider All other Products 50.00
This Amendment No. 1 does not alter, amend or modify the Agreement other than as
set forth herein, and the terms and conditions of the Agreement, as amended
herein, continue in effect without other change.
In Witness whereof, the parties have caused this Amendment No. 1 to be signed in
duplicate counterparts as of the date first above written.
FIRST METLIFE INVESTORS INSURANCE
COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-------------------------------
Title: Executive V.P.
-------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ RBB
-------------------------------
Title: Chairman
-------------------------------
AMENDMENT NO. 2 TO
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(Agreement)
between
FIRST METLIFE INVESTORS INSURANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
The Agreement is hereby amended, as of November 1, 2005, as follows:
1. The attached Article I, Scope of Agreement, amends and, as amended,
restates Article I, Scope of Agreement.
2. The attached Article IV, Net Amount at Risk, amends and, as amended,
restates Article IV, Net Amount at Risk.
3. The attached Article V, Reinsurance Premiums, amends and, as amended,
restates Article V, Reinsurance Premiums.
4. The attached Article VII, Settlement of Claims, amends and, as
amended, restates Article VII, Settlement of Claims.
5. The attached Schedule A, Plans of Reinsurance, amends and, as amended,
restates Schedule A, Plans of Reinsurance.
6. The attached Exhibit II, Reinsurance Premiums, amends and, as amended,
restates Exhibit II, Reinsurance Premiums.
This Amendment No. 2 does not alter, amend or modify the Agreement other than as
set forth herein, and the terms and conditions of the Agreement, as amended
herein, continue in effect without other change.
In Witness whereof, the parties have caused this Amendment No. 2 to be signed in
duplicate counterparts as of the date first above written.
FIRST METLIFE INVESTORS INSURANCE
COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-------------------------------
Title: Executive Vice President
-------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ RBB
-------------------------------
Title: Chairman
-------------------------------
ARTICLE I
SCOPE OF AGREEMENT
A. This Agreement shall be effective as of December 1, 2004. While this
Agreement continues in effect, the Cedent shall cede and the Reinsurer
shall accept, as indemnity cessions hereunder, Reinsured Contracts that are
issued by the Cedent on and after November 25, 2002.
B. Ceded Liabilities
1. Guaranteed Minimum Death Benefit
The indemnity cession shall be the share of the MNAR (defined in
Article IV) that is generated, prior to the termination of the
Reinsurer's liability (defined in Article II), by the Guaranteed
Minimum Death Benefit ("GMDB"), as specified in Schedule A.
2. Guaranteed Minimum Income Benefit
The indemnity cession shall be the share of the IBNAR (defined in
Article IV) that is generated prior to the termination of the
Reinsurer's liability (defined in Article II), by the Guaranteed
Minimum Income Benefit Rider (the "Income Program") provisions of the
Reinsured Contracts, as specified in Schedule A.
3. Guaranteed Withdrawal Benefit
The indemnity cession shall be the share of the WBNAR (defined in
Article IV) that is generated prior to the termination of the
Reinsurer's liability (defined in Article II), by the Guaranteed
Withdrawal Benefit Rider (the "Withdrawal Program") provisions of the
Reinsured Contracts, as specified in Schedule A.
4. Guaranteed Minimum Accumulation Benefit
The indemnity cession shall be the share of the ABNAR (defined in
Article IV) that is generated prior to termination of the Reinsurer's
liability (defined in Article II) by the Guaranteed Minimum
Accumulation Benefit Rider (the "Accumulation" program) provisions of
the Reinsured Contracts, as specified in Schedule A.
C. This Agreement covers only the Cedent's contractual liability for reinsured
claims paid under variable annuity contract forms specified in Schedule A.
D. There are no aggregate or individual claim limits applicable to the
benefits ceded.
E. Spousal Continuances will be covered under this Agreement to the extent
provided by the insured contract.
ARTICLE IV
NET AMOUNT AT RISK
GMDB AND EPB
------------
A. The MNAR (Mortality Net Amount at Risk) for each variable annuity contract
ceded hereunder shall be equal to the following:
MNAR = VNAR + SCNAR
in which:
VNAR (Variable Net Amount at Risk) = Maximum (a,b) multiplied by the
Reinsurer's Percentage (defined in Schedule A) in which:
a = (Contractual Death Benefit - Account Value) and
b = 0
SCNAR (Surrender Charge Net Amount at Risk) = Surrender Charges
multiplied by the Reinsurer's Percentage
B. The death benefit and the surrender charges will be as described in the
variable annuity contract forms specified in Schedule A.
GMIB
----
C. The IBNAR (Income Benefit Net Amount at Risk) for each variable annuity
contract ceded hereunder shall be equal to the following:
IBNAR = Maximum [(IBB * (MAPR/SAPR) - Account Value), 0] * Reinsurer's
Percentage
where:
. IBB equals the INCOME BASE as defined in the rider;
. MAPR IS the MINIMUM ANNUITY PURCHASE RATE from the GMIB Annuity
Table defined in the rider; and
. SAPR IS the SETTLEMENT ANNUITY PURCHASE RATE per $1000 which is
used at time of annuitization for reinsurance claims settlement
and shall be equal to the fixed annuity purchase rate that the
Cedent would provide to an annuitant in the same class.
D. Premium taxes will be applied on a consistent basis between the MAPR and
SAPR to calculate the IBNAR.
E. The IBNAR for each contract ceded hereunder shall be calculated as of the
last day of each calendar month prior to the termination of liability
contingencies set forth in Article II.
GWB
---
F. The WBNAR (Withdrawal Benefit Net Amount at Risk) for each variable annuity
contract ceded hereunder shall be equal to the following:
WBNAR = Maximum [(GWB Benefit Base - Account Value), 0] * Reinsurer's
Percentage (defined in Schedule A).
A claim is incurred when the Account Value equals zero and is paid out in
installments consistent with the reinsured contract.
GMAB
----
G. The ABNAR (Accumulation Benefit Net Amount at Risk) for each variable
annuity contract ceded hereunder shall be equal to the following:
ABNAR = Maximum [(GMAB Guaranteed Accumulation Amount - Account Value),0] *
Reinsurer's Percentage.
A claim is incurred at the maturity date of the GMAB rider if the GMAB
Guaranteed Accumulation Amount exceeds the Account Value.
ARTICLE V
REINSURANCE PREMIUMS
A. The Cedent shall pay the Reinsurer an Initial Reinsurance Premium equal to
$419,847.
B. The total Reinsurance Premium for the business ceded hereunder is the sum
of the GMDB Reinsurance Premium, the GMIB Reinsurance Premium, the GWB
Reinsurance Premium, and the GMAB Reinsurance Premium, each of which is
defined separately in this article.
C. The Reinsurance Premium rates and structure described above are subject to
change in accordance with the criteria described in Article XV.
D. The Reinsurance Premium rates are expressed in terms of basis points and
are defined in Exhibit II.
GMDB Reinsurance Premium
------------------------
E. The Cedent shall calculate, for each premium class, the Reinsurer's
Percentage of the average aggregate separate account value for the
reporting month. This value shall be applied to the GMDB Reinsurance
Premium rates per premium class on a 1/12th basis.
GMIB Reinsurance Premium
------------------------
F. The Cedent shall calculate, for each premium class, the Reinsurer's
Percentage of the average aggregate IBB value for the reporting month. This
value shall be applied to the annualized GMIB cession premium rates on a
1/12th basis.
GWB Reinsurance Premium
------------------------
G. The Cedent shall calculate the Reinsurer's Percentage of the Guaranteed
Withdrawal Amount for the reporting month. This value shall be applied to
the annualized GWB Reinsurance Premium rates per premium class on a 1/12th
basis.
GMAB Reinsurance Premium
------------------------
H. For the PEP products, the Cedent shall calculate for the reporting month
the Reinsurer's Percentage of the average aggregate separate account value.
This value shall be applied to the annualized GMAB cession premium rates on
a 1/12th basis.
I. For other products, the Cedent shall calculate for the reporting month the
Reinsurer's Percentage of the Guaranteed Accumulation Amount. This value
shall be applied to the annualized GMAB cession premium rates on a 1/12th
basis.
ARTICLE VII
SETTLEMENT OF CLAIMS
A. The Reinsurer shall indemnify the Cedent under this Agreement only for
benefit claims that the Cedent paid as contractually required under a
Reinsured Contract with respect to claims that occur on or after the
Effective Date.
For GMIB, the Reinsurer shall indemnify the Cedent under this Agreement
only for benefit claims that the Cedent paid as contractually required
under a Reinsured Contract upon exercise of benefits under the terms of the
Income Program where such events occur on or after the Effective Date.
B. In the event that the Cedent provides satisfactory proof of claim liability
to the Reinsurer, benefit claim settlements made by a Cedent and accepted
by the Reinsurer shall be unconditionally binding on the Reinsurer. The
Cedent shall report all approved benefit claims in bordereau including
cause of death, as available, in such format as may be agreed to from time
to time.
C. Within thirty (30) days after the end of each calendar month, the Cedent
shall notify the Reinsurer of the ceded contractual benefit claims paid in
respect of Reinsured Contracts in that month, based on the definition, set
forth in Article IV, and the Reinsurer shall indemnify the Cedent as
provided in Article VI for the ceded benefit claim liabilities.
D. In no event will the Reinsurer be liable for expense incurred in connection
with a dispute or contest arising out of conflicting or any other claims of
entitlement to Reinsured Contract proceeds or benefits.
SCHEDULE A
PLANS OF REINSURANCE
A. Reinsurer's Percentage:
100% of the business described herein.
B. Effective Date:
December 1, 2004.
C. Reinsured Contracts:
FIRST METLIFE INVESTORS INSURANCE COMPANY
DEFERRED ANNUITY CONTRACTS
--------------------------
VA Class Contract (Standard Contract, 7-year surrender charge
schedule)
XC Class Contract (Bonus Contract, 9-year surrender charge schedule)
AA Class Contract (Standard Contract, 7-year surrender charge
schedule, ▇. ▇. ▇▇▇▇▇▇▇ distribution)
B Class Contract (Standard Contract, 7-year surrender charge schedule,
▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
L Class Contract (3-year surrender charge schedule)
C Class Contract (No surrender charges)
A Class Contract (Front-end load, ▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
Vintage VA (Standard Contract, 7-year surrender charge schedule)
Vintage XC (Bonus Contract, 9-year surrender charge schedule)
Vintage L (4-year surrender charge schedule)
Marquis Portfolios (No surrender charges)
PEP (10-year surrender charge schedule)
PrimElite III (8-year surrender charge schedule)
FORM NUMBERS
------------
Guaranteed Minimum Death Benefits Ceded:
----------------------------------------
Standard Death Benefit - Principal Protection: Form 6015 (02/02)
Optional Death Benefit - Annual Step-Up: Form 6017 (02/02)
Guaranteed Minimum Income Benefits Ceded:
-----------------------------------------
Guaranteed Minimum Income Benefit: Form 4518 (09/02)
Guaranteed Withdrawal Benefits Ceded:
-------------------------------------
Guaranteed Withdrawal Benefit: Form FMLI-690-1 (7/04)
Guaranteed Withdrawal Benefit: Form FMLI-690-2 (11/05)
Guaranteed Minimum Accumulation Benefits Ceded:
-----------------------------------------------
Guaranteed Minimum Accumulation Benefit: Form FMLI 670-1 (11/05)
EXHIBIT II
REINSURANCE PREMIUMS
A. GMDB PROGRAM
REINSURANCE PREMIUM
GMDB PROGRAM PRODUCTS COVERED (BASIS POINTS)
------------------------------- ------------------------------------- -------------------
Principal Protection All Products 9.00
Annual Step-up to Plan Codes: BN2101, BN21ML, CS5101, 10.00
attained age 80 CS510R, CS51ML, CS51MR, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, LS410R, LS41ML, LS41MR,
ST1101, ST110R, ST110X, ST11 ▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ST1ED3, ST1EDB,
ST1EDJ, ST1EDR, ST1EDX, ST1ER3,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇
Annual Step-up to Other Plan Codes 20.00
attained age 80
B. INCOME PROGRAM
REINSURANCE PREMIUM
INCOME PROGRAM PRODUCTS COVERED (BASIS POINTS)
------------------------------- ------------------------------------- -------------------
Income Program All Products issued prior to February 35.00
15,2003
Income Program Plan codes BN2103, BN21M3, 45.00
CS5103, CS51M3, CS51R3,
CS53R3, LS4103, LS4104,LS41M3,
LS41R3, LS41R4, LS43R3, ST1103,
ST11M3, ST11R3, ST11X3,
ST13R3, ST1AG4, ST1AR4, and
ST1NA4 sold after April 30, 2003 and
before May 1, 2005 if GMDB
program is Annual Step or Max of
Annual Step and Rollup
Income Program All other Products issued after 50.00
February 14, 2003 and before May 1,
2005 and for All Products sold after
April 30,2005
C. WITHDRAWAL PROGRAM
REINSURANCE PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
------------------------------- ------------------------------------- -------------------
Guaranteed Withdrawal Benefit All Products 50.00
Principal Guarantee All Products 50.00
Principal Guarantee Value All Products 25.00
D. ACCUMULATION PROGRAM
REINSURANCE PREMIUM
ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS)
------------------------------- ------------------------------------- -------------------
Guaranteed Accumulation Benefit PEP Product 150.00
Guaranteed Accumulation Benefit All OTHER PRODUCTS 75.00
AMENDMENT NO. 3 TO
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(Agreement)
between
FIRST METLIFE INVESTORS INSURANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
The Agreement is hereby amended, as of April 30, 2007, as follows:
1. The attached Schedule A, Plans of Reinsurance, amends and, as amended,
restates Schedule A, Plans of Reinsurance.
This Amendment No. 3 does not alter, amend or modify the Agreement other than as
set forth herein, and the terms and conditions of the Agreement, as amended
herein, continue in effect without other change.
In Witness whereof, the parties have caused this Amendment No. 3 to be signed in
duplicate counterparts as of the date first above written.
FIRST METLLFE INVESTORS INSURANCE COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-------------------------------------
Title: Executive Vice President
-------------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ RBB
-------------------------------------
Title: President
-------------------------------------
SCHEDULE A
PLANS OF REINSURANCE
A. Reinsurer's Percentage:
100% of the business described herein.
B. Effective Date:
December 1, 2004.
C. Reinsured Contracts:
FIRST METLIFE INVESTORS INSURANCE COMPANY
DEFERRED ANNUITY CONTRACTS
--------------------------
VA Class Contract (Standard Contract, 7-year surrender charge
schedule)
XC Class Contract (Bonus Contract, 9-year surrender charge schedule)
AA Class Contract (Standard Contract, 7-year surrender charge
schedule, ▇. ▇. ▇▇▇▇▇▇▇ distribution)
B Class Contract (Standard Contract, 7-year surrender charge schedule,
▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
L Class Contract (3-year surrender charge schedule)
C Class Contract (No surrender charges)
A Class Contract (Front-end load, ▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
S Class Contract (Standard and L Class)
Vintage VA (Standard Contract, 7-year surrender charge schedule)
Vintage XC (Bonus Contract, 9-year surrender charge schedule)
Vintage L (4-year surrender charge schedule)
Marquis Portfolios (No surrender charges)
PEP (10-year surrender charge schedule)
PrimElite III (8-year surrender charge schedule)
PrimElite IV (8-year surrender charge schedule)
FORM NUMBERS
------------
Guaranteed Minimum Death Benefits Ceded:
----------------------------------------
Standard Death Benefit - Principal Protection: Form 6015 (02/02)
Optional Death Benefit - Annual Step-Up: Form 6017 (02/02)
Guaranteed Minimum Income Benefits Ceded:
-----------------------------------------
Guaranteed Minimum Income Benefit: Form 4518 (09/02)
Guaranteed Withdrawal Benefits Ceded:
-----------------------------------------
Guaranteed Withdrawal Benefit: Form FMLI-690-1 (7/04)
Guaranteed Withdrawal Benefit: Form FMU-690-2 (11/05)
Lifetime Guaranteed Withdrawal Benefit: Form FMLI-690-3 (6/06)
Guaranteed Minimum Accumulation Benefits Ceded:
-----------------------------------------------
Guaranteed Minimum Accumulation Benefit: Form FMLI 670-1 (11/05)
AMENDMENT NO. 4 TO
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(Agreement)
between
FIRST METLIFE INVESTORS INSURANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
The Agreement is hereby amended, as of June 30, 2007, to change the benefit
reimbursement pattern for the GMIB (Guaranteed Minimum Income Benefit) rider.
Therefore, the IBNARP (Income Benefit Net Amount At Risk Percentage) is defined
in Article IV, and Article I and VII, as well as Schedule B, are updated to
reflect this change:
1. The attached Article I, Scope of Agreement, amends and, as amended,
restates Article I, Scope of Agreement.
2. The attached Article IV, Net Amount at Risk, amends and, as amended,
restates Article IV, Net Amount at Risk.
3. The attached Article VII, Settlement of Claims, amends and, as
amended, restates Article VII, Settlement of Claims.
4. The attached Schedule B, Required Data and Suggested Data Layout,
amends and, as amended, restates Schedule B, Required Data and
Suggested Data Layout.
This Amendment No. 4 does not alter, amend or modify the Agreement other than as
set forth herein, and the terms and conditions of the Agreement, as amended
herein, continue in effect without other change.
In Witness whereof, the parties have caused this Amendment No. 4 to be signed in
duplicate counterparts as of the date first above written.
FIRST METLIFE INVESTORS INSURANCE COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-------------------------------------
Title: Vice President
-------------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ RBB
-------------------------------------
Title: President
-------------------------------------
1
ARTICLE I
SCOPE OF AGREEMENT
A. This Agreement shall be effective as of December 1, 2004. While this
Agreement continues in effect, the Cedent shall cede and the Reinsurer
shall accept, as indemnity cessions hereunder, Reinsured Contracts that are
issued by the Cedent on and after November 25, 2002.
B. Ceded Liabilities
1. Guaranteed Minimum Death Benefit
The indemnity cession shall be the share of the MNAR (defined in
Article IV) that is generated, prior to the termination of the
Reinsurer's liability (defined in Article II), by the Guaranteed
Minimum Death Benefit ("GMDB"), as specified in Schedule A.
2. Guaranteed Minimum Income Benefit
The indemnity cession shall be the share of the annuity payments upon
annuitization that is generated prior to the termination of the
Reinsurer's liability (defined in Article II), by the Guaranteed
Minimum Income Benefit Rider (the "Income Program") provisions of the
Reinsured Contracts, as specified in Schedule A, multiplied by the
IBNARP (defined in Article IV).
3. Guaranteed Withdrawal Benefit
The indemnity cession shall be the share of the WBNAR (defined in
Article IV) that is generated prior to the termination of the
Reinsurer's liability (defined in Article II), by the Guaranteed
Withdrawal Benefit Rider (the "Withdrawal Program") provisions of the
Reinsured Contracts, as specified in Schedule A.
4. Guaranteed Minimum Accumulation Benefit
The indemnity cession shall be the share of the ABNAR (defined in
Article IV) that is generated prior to termination of the Reinsurer's
liability (defined in Article II) by the Guaranteed Minimum
Accumulation Benefit Rider (the "Accumulation" program) provisions of
the Reinsured Contracts, as specified in Schedule A.
C. This Agreement covers only the Cedent's contractual liability for reinsured
claims paid under variable annuity contract forms specified in Schedule A.
D. There are no aggregate or individual claim limits applicable to the
benefits ceded.
E. Spousal Continuances will be covered under this Agreement to the extent
provided by the insured contract.
2
ARTICLE IV
NET AMOUNT AT RISK
GMDB AND EPB
------------
A. The MNAR (Mortality Net Amount at Risk) for each variable annuity contract
ceded hereunder shall be equal to the following:
MNAR = VNAR + SCNAR
in which:
VNAR (Variable Net Amount at Risk) = Maximum (a,b) multiplied by the
Reinsurer's Percentage (defined in Schedule A) in which:
a = (Contractual Death Benefit - Account Value) and
b = 0
SCNAR (Surrender Charge Net Amount at Risk) = Surrender Charges
multiplied by the Reinsurer's Percentage
B. The death benefit and the surrender charges will be as described in the
variable annuity contract forms specified in Schedule A.
GMIB
----
C. The IBNAR (Income Benefit Net Amount at Risk) for each variable annuity
contract ceded hereunder shall be equal to the following:
IBNAR = Maximum [(IBB * (MAPR/SAPR) - Account Value), 0] *
Reinsurer's Percentage
D. The IBNARP (Income Benefit Net Amount at Risk Percentage) for each variable
annuity contract ceded hereunder shall be equal to the following:
IBNARP = IBNAR / [(IBB * (MAPR/SAPR)]
where:
. IBB equals the INCOME BASE as defined in the rider;
. MAPR is the MINIMUM ANNUITY PURCHASE RATE from the GMIB Annuity
Table defined in the rider; and
3
. SAPR is the SETTLEMENT ANNUITY PURCHASE RATE per $1000 which is
used at time of annuitization for reinsurance claims settlement
and shall be equal to the fixed annuity purchase rate that the
Cedent would provide to an annuitant in the same class.
E. Premium taxes will be applied on a consistent basis between the MAPR and
SAPR to calculate the IBNARP and IBNAR.
F. The IBNARP and IBNAR for each contract ceded hereunder shall be calculated
as of the last day of each calendar month prior to the termination of
liability contingencies set forth in Article II.
GWB
---
G. The WBNAR (Withdrawal Benefit Net Amount at Risk) for each variable annuity
contract ceded hereunder shall be equal to the following:
WBNAR = Maximum [(GWB Benefit Base - Account Value), 0] * Reinsurer's
Percentage (defined in Schedule A).
A claim is incurred when the Account Value equals zero and is paid out in
installments consistent with the reinsured contract.
GMAB
----
H. The ABNAR (Accumulation Benefit Net Amount at Risk) for each variable
annuity contract ceded hereunder shall be equal to the following:
ABNAR = Maximum [(GMAB Guaranteed Accumulation Amount - Account Value),0] *
Reinsurer's Percentage.
A claim is incurred at the maturity date of the GMAB rider if the GMAB
Guaranteed Accumulation Amount exceeds the Account Value.
4
ARTICLE VII
SETTLEMENT OF CLAIMS
A. The Reinsurer shall indemnify the Cedent under this Agreement only for
benefit claims that the Cedent paid as contractually required under a
Reinsured Contract with respect to claims that occur on or after the
Effective Date.
B. In the event that the Cedent provides satisfactory proof of claim liability
to the Reinsurer, benefit claim settlements made by a Cedent and accepted
by the Reinsurer shall be unconditionally binding on the Reinsurer. The
Cedent shall report all approved benefit claims in bordereau including
cause of death, as available, in such format as may be agreed to from time
to time.
C. Within thirty (30) days after the end of each calendar month, the Cedent
shall notify the Reinsurer of the ceded contractual benefit claims paid in
respect of Reinsured Contracts in that month, based on the definition, set
forth in Article IV, and the Reinsurer shall indemnify the Cedent as
provided in Article VI for the ceded benefit claim liabilities.
D. In no event will the Reinsurer be liable for expense incurred in connection
with a dispute or contest arising out of conflicting or any other claims of
entitlement to Reinsured Contract proceeds or benefits.
5
SCHEDULE B
REQUIRED DATA AND SUGGESTED DATA LAYOUT
(Page 1 of 3)
FIELD DESCRIPTION COMMENTS
----------------- --------
Annuitant's ID: Last Name
First Name
Middle Name
Sex M or F
Date of Birth YYYYMMDD
Social Security No. / Social Insurance No.
Joint Annuitant's ID: Last Name If Applicable
First Name
Middle Name
Sex M or F
Date of Birth YYYYMMDD
Social Security No. / Social Insurance No.
Owner's ID: Last Name
First Name
Middle Name
Sex M or F
Date of Birth YYYYMMDD
Social Security No. / Social Insurance No.
Joint Owner's ID: Last Name If Applicable
First Name
Middle Name
Sex M or F
Date of Birth YYYYMMDD
Social Security No. / Social Insurance No.
Policy Number YYYYMMDD
Policy Issue Date NI = True New Issue, SC = Spousal Continuance,
Policy Issue Status EX = 1035 Exchange
Qualified (Q), or Non-qualified (N)
Tax Status
6
SCHEDULE B
REQUIRED DATA AND SUGGESTED DATA LAYOUT
(PAGE 2 OF 3)
FIELD DESCRIPTION COMMENTS
----------------- --------
GMDB/EEB SECTION (If applicable)
--------------------------------
Mortality Risk Definition Indicator AV = VNAR; CV = VNAR + SCNAR
Death Claim Trigger A = Annuitant, O = Owner, 1 = 1st to die, 2 = 2nd to die
(e.g., A2 = payable upon death of second of joint annuitants)
Current Ratchet Value If Applicable
Current Reset Value If Applicable
Current Rollup Value If Applicable
Current Return of Premium Value If Applicable
Minimum Guaranteed Death Benefit
Contract Death Benefit Greater of Account Value and Minimum Guaranteed Death Benefit
Effective Date of the Rider
Account Value as of the Effective Date of
the Rider
Mortality Risk VNAR Max [Contractual Death Benefit - Account Value), 0]
SCNAR Surrender Charge, if applicable
EEMNAR X% of Death Benefit less Net Purchase Payments
Earnings Death Benefit less Net Purchase Payments
Earnings CAP X% of Net Purchase Payments
GMIB SECTION (If applicable)
----------------------------
GMIB Indicator Y = benefit elected, N = benefit not elected, NA = not applicable
Income Benefit Elected 01 = option 1, 02 = option 2, etc.
Expiration of Waiting Period YYYYMMDD
GMIB Annuitization Date YYYYMMDD - actual date
Most Recent GMIB Step-up / Reset Date YYYYMMDD, if applicable
Cancellation Date YYYYMMDD, if applicable
Pricing Cohort Indicator
IBB Amount
GMIB IBNAR Amount Calculated using an individual life annuity form with 10 years certain
Treasury Rate Used in IBNAR calculation
IBNARP
Annuity Payments Upon Annuitization
GWB SECTION (if applicable)
---------------------------
GWB Indicator Y = benefit elected, N = benefit not elected, C = rider cancelled
GWB Election Date YYYYMMDD
Total-GWB-Benefit-Base-Amt
Total-GWB-Guar-Withdrl-Amt
Total-GWB-▇▇▇-Benefit-Pymnt
TotaI-GWB-Rem-Ann-Bnft-Pymnt
Tota-GWB-Rider-Charge
GWB-Optn-Reset-Date
Account Value Current total value
Surrender Charge If reinsured
Cumulative Deposits Total premiums
Cumulative Withdrawals Total withdrawals
Net Purchase Payments Total premiums less total withdrawals (proportional adjustment)
Deposits made in quarter of death dollar value
Quota Share ceded percentage
7
SCHEDULE B
REQUIRED DATA AND SUGGESTED DATA LAYOUT
(PAGE 3 OF 3)
FIELD DESCRIPTION COMMENTS
Funding Vehicle Values:
-----------------------
"MorningStar" designations (US)
Aggressive Growth
Balanced
Corporate Bond
Government Bond
Growth
Growth and Income
High Yield Bond
International Bond
International Stock
Money Market
Specialty Fund
Fixed Account
Dollar Cost Averaging
Note: total of funding vehicles should equal account value.
Termination Information:
------------------------
Termination Date YYYYMMDD, If applicable
Reason for Termination Death (D), Annuitization (A), 1035 Exchange (X), GMIB Election (I), Other (O).
Cause of Death If applicable. Use your Cause of Death code, and provide translation
Summary Information: For reconciliation purposes (may be paper summary)
-------------------
Total number of records Monthly aggregate information by GMIB Design, GMAB Design, and
Pricing Cohort (if applicable)
Total of each dollar field Monthly aggregate information by GMIB Design, GMAB Design, and
Pricing Cohort (if applicable)
Note: All values to nearest dollar
8
AMENDMENT NO. 5 TO
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(Agreement)
between
FIRST METLIFE INVESTORS INSURANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
The Agreement is hereby amended, as of July 16, 2007, as follows:
1. The attached Exhibit II, Reinsurance Premiums, amends and, as amended,
restates Exhibit II, Reinsurance Premiums.
This Amendment No. 5 does not alter, amend or modify the Agreement other than as
set forth herein, and the terms and conditions of the Agreement, as amended
herein, continue in effect without other change.
In Witness whereof, the parties have caused this Amendment No. 5 to be signed in
duplicate counterparts as of the date first above written.
FIRST METLIEE INVESTORS INSURANCE COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-------------------------------------
Title: Vice President
-------------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ RBB
-------------------------------------
Title: President
-------------------------------------
EXHIBIT II
REINSURANCE PREMIUMS
A. GMDB PROGRAM
REINSURANCE
PREMIUM
GMDB PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------- ----------------------------------- ------------------
Principal Protection All Products 9.00
Annual Step-up to Plan Codes: BN2101, BN21ML, CS5101, 10.00
attained age 80 CS510R, CS51ML, CS51MR, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, LS410R, LS41ML, LS41MR,
ST1101, ST110R, ST110X, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ST1ED3, ST1EDB,
ST1EDJ, ST1EDR, ST1EDX, ST1ER3,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇
Annual Step-up to Other Plan Codes 20.00
attained age 80
B. INCOME PROGRAM
REINSURANCE
PREMIUM
INCOME PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------- ----------------------------------- ------------------
Income Program All Products issued prior to 35.00
February 15, 2003
Income Program Plan codes BN2103, BN21M3, 45.00
CS5103, CS51M3, CS51R3,
CS53R3, LS4103, LS4104,LS41M3,
LS41R3, LS41R4, LS43R3, ST1103,
ST11M3, ST11R3, ST11X3,
ST13R3, ST1AG4, ST1AR4, and
ST1NA4 sold after April 30, 2003
and before May 1, 2005 if GMDB
program is Annual Step or Max of
Annual Step and Rollup
Income Program All other Products issued after 50.00
February 14, 2003 and before May 1,
2005 and for All Products sold
after April 30, 2005
C. WITHDRAWAL PROGRAM
REINSURANCE
PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------- ----------------------------------- ------------------
Guaranteed Withdrawal All Products sold before 50.00
Benefit July 16, 2007
Guaranteed Withdrawal All Products sold on or 55.00
Benefit after July 16, 2007
Principal Guarantee All Products 50.00
Principal Guarantee All Products 25.00
Value
D. ACCUMULATION PROGRAM
REINSURANCE
PREMIUM
ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------- ----------------------------------- ------------------
Guaranteed Accumulation PEP Product 150.00
Benefit
Guaranteed Accumulation All Other Products 75.00
Benefit
AMENDMENT NO. 6 TO
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(Agreement)
between
FIRST METLIFE INVESTORS INSURANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
The Agreement is hereby amended, as of December 17, 2007, as follows:
1. The attached Exhibit II, Reinsurance Premiums, amends and, as amended,
restates Exhibit II, Reinsurance Premiums.
This Amendment No. 6 does not alter, amend or modify the Agreement other than as
set forth herein, and the terms and conditions of the Agreement, as amended
herein, continue in effect without other change.
In Witness whereof, the parties have caused this Amendment No. 6 to be signed in
duplicate counterparts as of the date first above written.
FIRST METLIFE INVESTORS INSURANCE COMPANY
By: /s/ [Illegible Signature]
-------------------------------------
Title: VP
-------------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ RBB
-------------------------------------
Title: President
-------------------------------------
EXHIBIT II
REINSURANCE PREMIUMS
A. GMDB PROGRAM
REINSURANCE PREMIUM
GMDB PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------- ----------------------------------- -------------------
Principal Protection All Products 9.00
Annual Step-up to Plan Codes: BN2101, BN21ML, CS5101, 10.00
attained age 80 CS510R, CS51ML, CS51MR, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, LS410R, LS41ML, LS41MR,
ST1101, ST110R, ST110X, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ST1ED3, ST1EDB,
ST1EDJ, ST1EDR, ST1EDX, ST1ER3,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇
Annual Step-up to Other Plan Codes 20.00
attained age 80
B. INCOME PROGRAM
REINSURANCE PREMIUM
INCOME PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------- ----------------------------------- -------------------
Income Program All Products issued prior to 35.00
February 15, 2003
Income Program Plan codes BN2103, BN21M3, 45.00
CS5103, CS51M3, CS51R3,
CS53R3, LS4103, LS4104,LS41M3,
LS41R3, LS41R4, LS43R3, ST1103,
ST11M3, ST11R3, ST11X3,
ST13R3, ST1AG4, ST1AR4, and
ST1NA4 sold after April 30, 2003
and before May 1, 2005 if GMDB
program is Annual Step or Max of
Annual Step and Rollup
Income Program All other Products issued after 50.00
February 14, 2003 and before May 1,
2005 and for All Products sold
after April 30, 2005
C. WITHDRAWAL PROGRAM
REINSURANCE PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------- ----------------------------------- -------------------
Guaranteed Withdrawal All Products sold before July 16, 50.00
Benefit 2007
Guaranteed Withdrawal All Products sold on or after July 55.00
Benefit 16, 2007
Principal Guarantee All Products 50.00
Principal Guarantee All Products 25.00
Value
Lifetime GWB - Single All Products, except Marquis 50
Life Version Portfolio and PrimElite IV
Lifetime GWB - Single PrimElite IV 65
Life Version
Lifetime GWB - Single Marquis Portfolios 70
Life Version
Lifetime GWB - Joint All Products, except Marquis 70
Life Version Portfolio and PrimElite IV
Lifetime GWB - Joint PrimElite IV 85
Life Version
Lifetime GWB - Joint Marquis Portfolios 90
Life Version
D. ACCUMULATION PROGRAM
REINSURANCE PREMIUM
ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------- ----------------------------------- -------------------
Guaranteed Accumulation PEP Product 150.00
Benefit
Guaranteed Accumulation All Other Products 75.00
Benefit
AMENDMENT NO. 7 TO
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(Agreement)
between
FIRST METLIFE INVESTORS INSURANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
The Agreement is hereby amended, as of July 1, 2008, as follows:
Article XV of the Agreement, as amended, is hereby replaced in its entirety
with the attached Article XV, Contract and Program Changes.
This Amendment No. 7 does not alter, amend or modify the Agreement other than as
set forth herein, and the terms and conditions of the Agreement, as amended
herein, continue in effect without other change.
In Witness whereof, the parties have caused this Amendment No. 7 to be signed in
duplicate counterparts as of the date first above written.
FIRST METLIFE INVESTORS INSURANCE COMPANY
By: /s/ [Illegible Signature]
-------------------------------
Title: VP
-------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ RBB
-------------------------------
Title: President
-------------------------------
Page 1 of 2
ARTICLE XV
CONTRACT AND PROGRAM CHANGES
A. The Cedent shall give the Reinsurer thirty (30) days prior written notice,
unless otherwise agreed to by the Cedent and the Reinsurer, of any changes
to the Reinsured Contracts relating to a Cedent's annuity product design
and/or death benefit design, fees and charges, distribution systems and/or
methods or addition of any riders to any Reinsured Contract forms.
B. The Cedent shall give the Reinsurer thirty (30) days written notice, unless
otherwise agreed to by the Cedent and the Reinsurer, of any changes to
reinsurance premium and Net Amount at Risk, including changes for
additional riders and changes to existing riders. Unless the Reinsurer
objects in writing within thirty (30) days after such written notice is
received by the Reinsurer, the additional riders, changes to premium and/or
changes to Net Amount at Risk will be considered reinsured under the
Agreement and included in Schedule A, Plans of Reinsurance, Exhibit II,
Reinsurance Premiums, and Article IV, Net Amount at Risk, respectively.
Reinsurance for additional riders, changes to the reinsurance premium and
Net Amount at Risk, including changes for additional riders and changes to
existing riders shall be effective as of the date specified in the notice
from the Cedent.
C. The Cedent shall provide to the Reinsurer a copy of each general
communication that the Cedent sends to contract holders in any state.
D. The Cedent shall simultaneously provide to the Reinsurer and any subsequent
retrocessionaires, a copy of any notice of any proposed change in the
investment options supporting Reinsured Contracts, and/or any other
accepted changes to the Reinsured Contracts related to a Cedent's annuity
product design and/or death benefit design, fees, charges, distributions
systems and/or methods or additions of any riders to any Reinsured Contract
forms.
Page 2 of 2
AMENDMENT NO. 8 TO
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(Agreement)
between
FIRST METLIFE INVESTORS INSURANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
The Agreement is hereby amended, as of July 14, 2008, as follows:
1. The attached Schedule A, Plans of Reinsurance, amends and, as amended,
restates Schedule A, Plans of Reinsurance.
2. The attached Exhibit II, Reinsurance Premiums, amends and, as amended,
restates Exhibit II, Reinsurance Premiums.
This Amendment No. 8 does not alter, amend or modify the Agreement other than as
set forth herein, and the terms and conditions of the Agreement, as amended
herein, continue in effect without other change.
In Witness whereof, the parties have caused this Amendment No. 8 to be signed in
duplicate counterparts as of the date first above written.
FIRST METLIFE INVESTORS INSURANCE COMPANY
By: /s/ [Illegible Signature]
------------------------------------
Title: VP
------------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ RBB
------------------------------------
Title: President
------------------------------------
Page 1 of 6
SCHEDULE A
PLANS OF REINSURANCE
A. Reinsurer's Percentage:
100% of the business described herein.
B. Effective Date:
December 1, 2004.
C. Reinsured Contracts:
FIRST METLIFE INVESTORS INSURANCE COMPANY
DEFERRED ANNUITY CONTRACTS
--------------------------
VA Class Contract (Standard Contract, 7-year surrender charge
schedule)
XC Class Contract (Bonus Contract, 9-year surrender charge schedule)
AA Class Contract (Standard Contract, 7-year surrender charge
schedule, ▇. ▇. ▇▇▇▇▇▇▇ distribution)
B Class Contract (Standard Contract, 7-year surrender charge
schedule, ▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
L Class Contract (3-year surrender charge schedule)
C Class Contract (No surrender charges)
A Class Contract (Front-end load, ▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
S Class Contract (Standard and L Class)
Vintage VA (Standard Contract, 7-year surrender charge schedule)
Vintage XC (Bonus Contract, 9-year surrender charge schedule)
Vintage L (4-year surrender charge schedule)
Marquis Portfolios (No surrender charges)
PEP (10-year surrender charge schedule)
PrimElite III (8-year surrender charge schedule)
PrimElite IV (8-year surrender charge schedule)
PRISM (7-year surrender charge schedule)
PRISM L (4-year surrender charge schedule)
Page 2 of 6
FORM NUMBERS
------------
Guaranteed Minimum Death Benefits Ceded:
----------------------------------------
Return of Account Value
Principal Protection: Form 6015 (02/02)
Annual Step-Up: Form 6017 (02/02)
Guaranteed Minimum lncome Benefits Ceded:
-----------------------------------------
Guaranteed Minimum lncome Benefit: Form 4518 (09/02)
Guaranteed Minimum lncome Benefit Plus (2008 Version): Form FMLI-560-5
(7/08)
Guaranteed Withdrawal Benefits Ceded:
-------------------------------------
Guaranteed Withdrawal Benefit: Form FMLI-690-1 (7/04)
Guaranteed Withdrawal Benefit: Form FMLI-690-2 (11/05)
Lifetime Guaranteed Withdrawal Benefit: Form FMLI-690-3 (6/06)
Lifetime Guaranteed Withdrawal Benefit II: Form FMLI-690-4 (7/08)
Guaranteed Minimum Accumulation Benefits Ceded:
-----------------------------------------------
Guaranteed Minimum Accumulation Benefit: Form FMLI 670-1 (11/05)
Page 3 of 6
EXHIBIT II
REINSURANCE PREMIUMS
A. GMDB PROGRAM
REINSURANCE PREMIUM
GMDB PROGRAM PRODUCTS COVERED (BASIS POINTS)
------------------------------------ -------------------------------------- -------------------
Return of Account Value All Products 2.00
Principal Protection All Products, except PRISM and PRISM L 9.00
Principal Protection PRISM and PRISM L 15.00
Annual Step-up to Plan Codes: BN2101, BN21ML, 10.00
attained age 80 CS5101, CS510R, CS51 ML, CS51MR,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, LS410R, LS41ML,
LS41MR, ST1101, ST110R, ST110X,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ST1ED3,
ST1EDB, ST1EDJ, ST1EDR, ST1EDX,
ST1ER3, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇
Annual Step-up to Other Plan Codes for all products, 20.00
attained age 80 except PRISM and PRISM L
Annual Step-up to PRISM and PRISM L 30.00
attained age 80
Page 4 of 6
B. INCOME PROGRAM
REINSURANCE PREMIUM
INCOME PROGRAM PRODUCTS COVERED (BASIS POINTS)
------------------------------------ -------------------------------------- -------------------
GMIB All Products issued prior to February 35.00
15, 2003
GMIB Plan codes BN2103, BN21M3, 45.00
CS5103, CS51M3, CS51R3,
CS53R3, LS4103, LS4104,LS41M3,
LS41R3, LS41R4, LS43R3, ST1103,
ST11M3, ST11R3, ST11X3,
ST13R3, ST1AG4, ST1AR4, and
ST1NA4 sold after April 30, 2003 and
before May 1, 2005 if GMDB
program is Annual Step or Max of
Annual Step and Rollup
GMIB All other Products issued after 50.00
February 14,2003 and before May 1,
2005 and for All Products sold after
April 30, 2005
GMIB Plus All Products, except Marquis 75.00
Portfolio
GMIB Plus Marquis Portfolio 90.00
Page 5 of 6
C. WITHDRAWAL PROGRAM
REINSURANCE PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
------------------------------------ -------------------------------------- -------------------
Guaranteed Withdrawal Benefit All Products sold before July 16, 2007 50.00
Guaranteed Withdrawal Benefit All Products sold on or after July 55.00
16, 2007
Principal Guarantee All Products 50.00
Principal Guarantee Value All Products 25.00
Lifetime GWB - Single Life Version All Products, except Marquis 50
Portfolio and PrimElite IV
Lifetime GWB - Single Life Version PrimElite IV 65
Lifetime GWB - Single Life Version Marquis Portfolios 70
Lifetime GWB - Joint Life Version All Products, except Marquis 70
Portfolio and PrimElite IV
Lifetime GWB - Joint Life Version PrimElite IV 85
Lifetime GWB - Joint Life Version Marquis Portfolios 90
Lifetime GWB (2008 Version) - Single All Products, except Marquis 65
Life Version Portfolio
Lifetime GWB (2008 Version) - Single Marquis Portfolios 85
Life Version
Lifetime GWB (2008 Version) - Joint All Products, except Marquis 85
Life Version Portfolio
Lifetime GWB (2008 Version) - Joint Marquis Portfolios 105
Life Version
D. ACCUMULATION PROGRAM
REINSURANCE PREMIUM
ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS)
------------------------------------ -------------------------------------- -------------------
Guaranteed Accumulation Benefit PEP Product 150.00
Guaranteed Accumulation Benefit All Other Products 75.00
Page 6 of 6
A Division of Metropolitan Life Insurance Company [LOGO OF METLIFE(R)]
▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
October 10, 2008
▇▇▇▇▇▇▇ ▇▇▇▇▇
President
Exeter Reassurance Company, Ltd.
▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Dear ▇▇▇▇▇▇▇:
Please be advised of changes to the Automatic Reinsurance Agreement effective
December 1, 2004 (the "Agreement") between First MetLife Investors Insurance
Company and Exeter Reassurance Company, Ltd. Effective November 10, 2008,
coverage for the Pioneer PRISM XC and Class XTRA product will be included in
Schedule A, Plans of Reinsurance, as well as the premium charge for the
associated riders will be included in Exhibit II, Reinsurance Premiums. This
letter will serve as notice of these changes and will amend the Agreement
effective November 10, 2008 as follows:
1. The attached Schedule A, Plans of Reinsurance, amends and, as amended,
restates Schedule A, Plans of Reinsurance.
2. The attached Exhibit II, Reinsurance Premiums, amends and, as amended,
restates Exhibit II, Reinsurance Premiums.
Please sign below to acknowledge your understanding and acceptance of this
change on behalf of Exeter Reassurance Company, Ltd.
If you have any questions or concerns, please contact ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ at
▇▇▇-▇▇▇-▇▇▇▇ or ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇.
Thank you for your assistance.
Sincerely,
/s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
-----------------------------------------
▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Vice President
First MetLife Investors Insurance Company
ACKNOWLEDGED AND AGREED TO BY EXETER REASSURANCE COMPANY, LTD.
Signature: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇
-----------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇
Title: Vice President
Page 1 of 6
SCHEDULE A
PLANS OF REINSURANCE
A. Reinsurer's Percentage:
100% of the business described herein.
B. Effective Date:
December 1, 2004.
C. Reinsured Contracts:
FIRST METLIFE INVESTORS INSURANCE COMPANY
DEFERRED ANNUITY CONTRACTS
--------------------------
VA Class Contract (Standard Contract, 7-year surrender charge
schedule)
XC Class Contract (Bonus Contract, 9-year surrender charge schedule)
AA Class Contract (Standard Contract, 7-year surrender charge
schedule, ▇. ▇. ▇▇▇▇▇▇▇ distribution)
B Class Contract (Standard Contract, 7-year surrender charge schedule,
▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
L Class Contract (3-year surrender charge schedule)
C Class Contract (No surrender charges)
A Class Contract (Front-end load, ▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
S Class Contract (Standard and L Class)
Vintage VA (Standard Contract, 7-year surrender charge schedule)
Vintage XC (Bonus Contract, 9-year surrender charge schedule)
Vintage L (4-year surrender charge schedule)
Marquis Portfolios (No surrender charges)
PEP (1O-year surrender charge schedule)
PrimElite III (8-year surrender charge schedule)
PrimElite IV (8-year surrender charge schedule)
PRISM (7-year surrender charge schedule)
PRISM L (4-year surrender charge schedule)
Pioneer PRISM XC (9-year surrender charge schedule)
Class XTRA (9-year surrender charge schedule)
Page 2 of 6
FORM NUMBERS
------------
Guaranteed Minimum Death Benefits Ceded:
----------------------------------------
Return of Account Value
Principal Protection: Form 6015 (02/02)
Annual Step-Up: Form 6017 (02/02)
Guaranteed Minimum Income Benefits Ceded:
-----------------------------------------
Guaranteed Minimum Income Benefit: Form 4518 (09/02)
Guaranteed Minimum Income Benefit Plus (2008 Version): Form FMLI-560-5
(7/08)
Guaranteed Withdrawal Benefits Ceded:
-------------------------------------
Guaranteed Withdrawal Benefit: Form FMLI-690-1 (7/04)
Guaranteed Withdrawal Benefit: Form FMLI-690-2 (11/05)
Lifetime Guaranteed Withdrawal Benefit: Form FMLI-690-3 (6/06)
Lifetime Guaranteed Withdrawal Benefit II: Form FMLI-690-4 (7/08)
Guaranteed Minimum Accumulation Benefits Ceded:
-----------------------------------------------
Guaranteed Minimum Accumulation Benefit: Form FMLI 670-1 (11/05)
Page 3 of 6
EXHIBIT II
REINSURANCE PREMIUMS
A. GMDB PROGRAM
REINSURANCE
PREMIUM
GMDB PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------- --------------------------------- --------------
Return of Account Value All Products 2.00
Principal Protection All Products, except PRISM, 9.00
PRISM L &
Pioneer PRISM XC
Principal Protection PRISM, PRISM L & Pioneer PRISM XC 15.00
Annual Step-up to Plan Codes: BN2101, BN21ML, 10.00
attained age 80 CS5101, CS510R, CS51ML, CS51MR,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, LS410R, LS41ML,
▇▇▇▇▇▇, ▇▇▇▇▇▇ ST110R ST110X,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ST1ED3,
ST1EDB, ST1EDJ, ST1EDR, ST1EDX,
ST1ER3, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇
Annual Step-up to Other Plan Codes for all products, 20.00
attained age 80 except PRISM, PRISM L & Pioneer
PRISM XC
Annual Step-up to PRISM, PRISM L & Pioneer PRISM XC 30.00
attained age 80
Page 4 of 6
B. INCOME PROGRAM
REINSURANCE
PREMIUM
INCOME PROGRAM PRODUCTS COVERED (BASIS POINTS)
-------------- ------------------------------- --------------
GMIB All Products issued prior to 35.00
February 15, 2003
GMIB Plan codes BN2103, BN21M3, 45.00
CS5103, CS51M3, CS51R3,
CS53R3, LS4103, LS4104, LS41M3,
LS41R3, LS41R4, LS43R3, ST1103,
ST11M3, ST11R3, ST11X3,
ST13R3, ST1AG4, ST1AR4, and
ST1NA4 sold after
April 30, 2003 and
before May 1, 2005 if GMDB
program is Annual Step or Max
of Annual Step and Rollup
GMIB All other Products issued after 50.00
February 14, 2003 and before
May 1, 2005 and for All
Products sold after
April 30, 2005
GMIB Plus All Products, except Marquis 75.00
Portfolio
GMIB PLUS Marquis Portfolio 90.00
Page 5 of 6
C. WITHDRAWAL PROGRAM
REINSURANCE
PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
-------------------------- ------------------------ --------------
Guaranteed Withdrawal All Products sold before 50.00
Benefit July 16, 2007
Guaranteed Withdrawal All Products sold on or 55.00
Benefit after July 16, 2007
Principal Guarantee All Products 50.00
Principal Guarantee Value All Products 25.00
Lifetime GWB - Single All Products, except 50
Life Version Marquis Portfolio and
PrimElite IV
Lifetime GWB - Single Life PrimElite IV 65
Version
Lifetime GWB - Single Marquis Portfolios 70
Life Version
Lifetime GWB - Joint Life All Products, except 70
Version Marquis Portfolio and
PrimElite IV
Lifetime GWB - Joint PrimElite IV 85
Life Version
Lifetime GWB - Joint Marquis Portfolios 90
Life Version
Lifetime GWB II (2008 All Products, except 65
Version) - Single Life Marquis Portfolio
Version
Lifetime GWB 11 (2008 Marquis Portfolios 85
Version) - Single Life
Version
Lifetime GWB II (2008 All Products, except 85
Version) - Joint Life Marquis Portfolio
Version
Lifetime GWB II (2008 Marquis Portfolios 105
Version) - Joint Life
Version
D. ACCUMULATION PROGRAM
REINSURANCE
PREMIUM
ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS)
-------------------------- ------------------------ --------------
Guaranteed Accumulation PEP Product 150.00
Benefit
Guaranteed Accumulation All Other Products 75.00
Benefit
Page 6 of 6
AMENDMENT NO. 10 TO
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(Agreement)
between
FIRST METLIFE INVESTORS INSURANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
The Agreement is hereby amended, as of February 20, 2009, as follows:
1. The attached Exhibit II, Reinsurance Premiums, amends and, as amended,
restates Exhibit II, Reinsurance Premiums.
This Amendment No. 10 does not alter, amend or modify the Agreement other than
as set forth herein, and the terms and conditions of the Agreement, as amended
herein, continue in effect without other change.
In Witness whereof, the parties have caused this Amendment No. 10 to be signed
in duplicate counterparts as of the date first above written.
FIRST METLIFE INVESTORS INSURANCE COMPANY
By: /s/ [Illegible Signature]
-------------------------------
Title: VP
-------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ RBB
-------------------------------
Title: President
-------------------------------
Page 1 of 4
EXHIBIT II
REINSURANCE PREMIUMS
A. GMDB PROGRAM
REINSURANCE PREMIUM
GMDB PROGRAM PRODUCTS COVERED (BASIS POINTS)
---------------------------------- --------------------------------------------------------- -------------------
Return of Account Value All Products 2.00
Principal Protection All Products, except PRISM, PRlSM L & 9.00
Pioneer PRISM XC
Principal Protection PRISM, PRISM L & Pioneer PRISM XC 15.00
Annual Step-up to Plan Codes: BN2101, BN21ML, 10.00
attained age 80 CS5101, CS51OR, CS51ML, CS51MR,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
LS41MR, ST1101, ST11OR, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
ST1AGR, ST1AGX, STlAR3, ST1ED3,
ST1EDB, ST1EDJ, ST1EDR, ST1EDX,
ST1ER3, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇
Annual Step-up to Other Plan Codes for all products, 20.00
attained age 80 except PRISM, PRISM L & Pioneer
PRlSM XC
Annual Step-up to PRISM, PRISM L & Pioneer PRISM XC 30.00
attained age 80
Page 2 of 4
B. INCOME PROGRAM
REINSURANCE PREMIUM
INCOME PROGRAM PRODUCTS COVERED (BASIS POINTS)
---------------------------------- --------------------------------------------------------- -------------------
GMIB All Products issued prior to February 15, 2003 35.00
GMIB Plan codes BN2103, BN21M3, CS5103, CS51M3, 45.00
CS51R3, CS53R3, LS4103, LS4104, LS41M3,
LS41R3, LS41R4, LS43R3, ST1103, ST11M3,
ST11R3, ST11X3, ST13R3, ST1AG4, STlAR4,
and ST1NA4 sold after April 30, 2003 and before
May 1, 2005 if GMDB program is Annual Step or
Max of Annual Step and Rollup
GMIB All other Products issued after February 14, 2003 50.00
and before May 1, 2005 and for All Products sold
after
April 30,2005
GMIB Plus All Products, except Marquis Portfolio, sold on or 75.00
before February 20, 2009
GMIB Plus All Products, except Marquis Portfolio, sold after 95.00
February 20, 2009
GMIB Plus Marquis Portfolio sold on or before February 20, 2009 90.00
GMIB Plus Marquis Portfolio sold after February 20, 2009 110.00
Page 3 of 4
C. WITHDRAWAL PROGRAM
REINSURANCE PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
---------------------------------- --------------------------------------------------------- -------------------
Guaranteed Withdrawal Benefit All Products sold before July 16, 2007 50.00
Guaranteed Withdrawal Benefit All Products sold on or after July 16, 2007 55.00
Principal Guarantee All Products 50.00
Principal Guarantee Value All Products 25.00
Lifetime GWB - Single Life Version All Products, except Marquis Portfolio and 50
PrimElite IV
Lifetime GWB - Single Life Version PrimElite IV 65
Lifetime GWB - Single Life Version Marquis Portfolios 70
Lifetime GWB - Joint Life All Products, except Marquis Portfolio and 70
Version PrimElite IV
Lifetime GWB - Joint Life PrimElite IV 85
Version
Lifetime GWB - Joint Life Marquis Portfolios 90
Version
Lifetime GWB II (2008 Version) - All Products, except Marquis Portfolio, sold on or before 65
Single Life Version February 20, 2009
Lifetime GWB II (2008 Version) - Marquis Portfolios, sold on or before February 20, 2009 85
Single Life Version
Lifetime GWB II (2008 Version) - All Products, except Marquis Portfolio, sold on or before 85
Joint Life Version February 20, 2009
Lifetime GWB II (2008 Version) - Marquis Portfolios, sold on or before February 20, 2009 105
Joint Life Version
Lifetime GWB II (2008 Version) - All Products, except Marquis Portfolio, sold after 125
Single Life Version February 20, 2009
Lifetime GWB II (2008 Version) - Marquis Portfolios, sold after February 20, 2009 145
Single Life Version
Lifetime GWB II (2008 Version) - All Products, except Marquis Portfolio, sold after 150
Joint Life Version February 20, 2009
Lifetime GWB II (2008 Version) - Marquis Portfolios, sold after February 20, 2009 170
Joint Life Version
D. ACCUMULATION PROGRAM
REINSURANCE PREMIUM
ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS)
---------------------------------- --------------------------------------------------------- -------------------
Guaranteed Accumulation PEP Product 150.00
Benefit
Guaranteed Accumulation All Other Products 75.00
Benefit
Page 4 of 4
AMENDMENT NO. 11 TO
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(Agreement)
between
FIRST METLIFE INVESTORS INSLIRANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
The Agreement is hereby amended, as of May 4, 2009, as follows:
1. The attached Schedule A, Plans of Reinsurance, amends and, as amended,
restates Schedule A, Plans of Reinsurance.
2. The attached Exhibit II, Reinsurance Premiums, amends and, as amended,
restates Exhibit II, Reinsurance Premiums.
This Amendment No. 11 does not alter, amend or modify the Agreement other than
as set forth herein, and the terms and conditions of the Agreement, as amended
herein, continue in effect without other change.
In Witness whereof, the parties have caused this Amendment No. 11 to be signed
in duplicate counterparts as of the date first above written.
FIRST METLIFE INVESTORS INSURANCE COMPANY
By: /s/ [Illegible Signature]
-------------------------------
Title: VP
-------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ RBB
-------------------------------
Title: President
-------------------------------
Page 1 of 7
SCHEDULE A
PLANS OF REINSURANCE
A. Reinsurer's Percentage:
100% of the business described herein.
B. Effective Date:
December 1,2004.
C. Reinsured Contracts:
FIRST METLIFE INVESTORS INSURANCE COMPANY
DEFERRED ANNUITY CONTRACTS
--------------------------
VA Class Contract (Standard Contract, 7-year surrender charge
schedule)
XC Class Contract (Bonus Contract, 9-year surrender charge schedule)
AA Class Contract (Standard Contract, 7-year surrender charge
schedule, ▇. ▇. ▇▇▇▇▇▇▇ distribution)
B Class Contract (Standard Contract, 7-year surrender charge schedule,
▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
L Class Contract (3-year surrender charge schedule)
C Class Contract (No surrender charges)
A Class Contract (Front-end load, ▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
S Class Contract (Standard and L Class)
Vintage VA (Standard Contract, 7-year surrender charge schedule)
Vintage XC (Bonus Contract, 9-year surrender charge schedule)
Vintage L (4-year surrender charge schedule)
Marquis Portfolios (No surrender charges)
PEP (10-year surrender charge schedule)
PrimElite III (8-year surrender charge schedule)
PrimElite IV (8-year surrender charge schedule)
PRISM (7-year surrender charge schedule)
PRISM L (4-year surrender charge schedule)
Pioneer PRISM XC (9-year surrender charge schedule)
Class XTRA (9-year surrender charge schedule)
Class XTRA 6 (9-year surrender charge schedule)
Page 2 of 7
FORM NUMBERS
------------
Guaranteed Minimum Death Benefits Ceded:
----------------------------------------
Return of Account Value
Principal Protection: Form 6015 (02/02)
Annual Step-Up: Form 6017 (02/02)
Guaranteed Minimum lncome Benefits Ceded:
-----------------------------------------
Guaranteed Minimum lncome Benefit: Form 4518 (09/02)
Guaranteed Minimum lncome Benefit Plus (2008 Version): Form FMLI-560-5
(7/08)
Guaranteed Withdrawal Benefits Ceded:
-------------------------------------
Guaranteed Withdrawal Benefit: Form FMLI-690-1 (7/04)
Guaranteed Withdrawal Benefit: Form FMLI-690-2 (11/05)
Lifetime Guaranteed Withdrawal Benefit: Form FMLI-690-3 (6/06)
Lifetime Guaranteed Withdrawal Benefit II: Form FMLI-690-4 (7/08)
Guaranteed Minimum Accumulation Benefits Ceded:
-----------------------------------------------
Guaranteed Minimum Accumulation Benefit: Form FMLl 670-1 (11/05)
Page 3 of 7
EXHIBIT II
REINSURANCE PREMIUMS
A. GMDB PROGRAM
REINSURANCE PREMIUM
GMDB PROGRAM PRODUCTS COVERED (BASIS POINTS)
---------------------------------- --------------------------------------------------------- -------------------
Return of Account Value All Products 2.00
Principal Protection All Products, except PRISM, PRISM L & 9.00
Pioneer PRlSM XC
Principal Protection PRISM, PRISM L & Pioneer PRISM XC 15.00
Annual Step-up to Plan Codes: BN2101, BN21ML, 10.00
attained age 80 CS5101, CSSl0R, CSSIML, CS51MR,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, LS410R, LS41ML,
LS41MR, ST1101, ST110R, ST110X,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, STIAGX, ST1AR3, ST1ED3,
ST1EDB, ST1EDJ, ST1EDR, ST1EDX,
ST1ER3, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇
Annual Step-up to Other Plan Codes for all products, 20.00
attained age 80 except PRISM, PRISM L & Pioneer
PRlSM XC
Annual Step-up to PRISM, PRISM L & Pioneer PRISM XC 30.00
attained age 80
Page 4 of 7
B. INCOME PROGRAM
REINSURANCE PREMIUM
INCOME PROGRAM PRODUCTS COVERED (BASIS POINTS)
---------------------------------- --------------------------------------------------------- -------------------
GMIB All Products issued prior to February 15, 2003 35.00
GMIB Plan codes BN2103, BN21M3, CS5103, CS51M3, 45.00
CS51R3, CS53R3, LS4103, LS4104,LS41M3,
LS41R3, LS41R4, LS43R3, ST1103, ST11M3,
ST11R3, ST11X3, ST13R3, ST1AG4, ST1AR4,
and ST1NA4 sold after April 30, 2003 and before
May 1,2005 if GMDB program is Annual Step or
Max of Annual Step and Rollup
GMIB All other Products issued after February 14, 2003 50.00
and before May I,2005 and for All products sold
after
April 30, 2005
GMIB Plus All Products, except Marqlis Portfolio, sold on or 75.00
before February 20, 2009
GMIB Plus All Products, except Marquis Portfolio, sold after 95.00
February 20, 2009
GMIB Plus . Marquis Portfolio sold on or before February 20, 90.00
2009
GMIB Plus Marquis Portfolio sold after February 20, 2009 110.00
Page 5 of 7
C. WITHDRAWAL PROGRAM
REINSURANCE PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
---------------------------------- --------------------------------------------------------- -------------------
Guaranteed Withdrawal All Products sold before July 16, 2007 50.00
Benefit
Guaranteed Withdrawal All Products sold on or after July 16, 2007 55.00
Benefit
Principal Guarantee All Products 50.00
Principal Guarantee Value All Products 25.00
Lifetime GWB - Single Life All Products, except Marquis Portfolio and 50
Version PrimElite IV
Lifetime GWB - Single Life PrimElite IV sold before May 4, 2009 65
Version
Lifetime GWB - Single - Life PrimElite IV sold on or after May 4, 2009 110
Version
Lifetime GWB - Single - Life Marquis Portfolios 70
Version
Lifetime GWB - Joint Life All Products, except Marquis Portfolio and 70
Version PrimElite IV
Lifetime GWB - Joint Life
Version PrimElite IV sold before May 4, 2009 85
Lifetime GWB - Single Life
Version PrimElite IV sold on or after May 4, 2009 125
Lifetime GWB - Joint Life
Version Marquis Portfolios 90
Lifetime GWB II (2008 All Products, except Marquis Portfolio, sold on or
Version) - Single Life Version before February 20, 2009 65
Lifetime GWB II (2008 Marquis Portfolios, sold on or before February
Version) - Single Life Version 20, 2009 85
Lifetime GWB II (2008 All Products, except Marquis Portfolio, sold on or
Version) - Joint Life version before February 20, 2009 85
Lifetime GWB II (2008 Marquis Portfolios, sold on or before February
Version) - Joint Life version 20, 2009 105
Lifetime GWB II (2008 All Products, except Marquis Portfolio, sold after
Version) - Single Life Version February 20, 2009 125
Lifetime GWB II (2008
Version) - Single Life Version Marquis Portfolios, sold after February 20, 2009 145
Lifetime GWB II (2008 All Products, except Marquis Portfolio, sold after
Version) - Joint Life Version February 20, 2009 150
Lifetime GWB II (2008
Version) - Joint Life Version Marquis Portfolios, sold after February 20, 2009 170
D. ACCUMULATION PROGRAM
REINSURANCE PREMIUM
ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS)
---------------------------------- --------------------------------------------------------- -------------------
Guaranteed Accumulation Benefit PEP Product 150.00
Page 6 of 7
Guaranteed Accumulation Benefit All Other Products 75.00
Page 7 of 7
AMENDMENT NO. 12 TO
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(Agreement)
between
FIRST METLIFE INVESTORS INSURANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
The Agreement is hereby amended, as of JULY 10, 2009, as follows:
1. The attached Schedule A, Plans of Reinsurance, amends and, as amended,
restates Schedule A, Plans of Reinsurance.
2. The attached Exhibit II, Reinsurance Premiums, amends and, as amended,
restates Exhibit II, Reinsurance Premiums.
This Amendment No. 12 does not alter, amend or modify the Agreement other than
as set forth herein, and the terms and conditions of the Agreement, as amended
herein, continue in effect without other change.
In Witness whereof, the parties have caused this Amendment No. 12 to be signed
in duplicate counterparts as of the date first above written.
FIRST METLIFE INVESTORS INSURANCE COMPANY
By: /s/ [Illegible Signature]
----------------------------
Title: VP
----------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ RBB
----------------------------
Title: President
----------------------------
Page 1 of 7
SCHEDULE A
PLANS OF REINSURANCE
A. Reinsurer's Percentage:
100% of the business described herein.
B. Effective Date:
December 1, 2004.
C. Reinsured Contracts:
FIRST METLIFE INVESTORS INSURANCE COMPANY
DEFERRED ANNUITY CONTRACTS
--------------------------
VA Class Contract (Standard Contract, 7-year surrender charge
schedule)
XC Class Contract (Bonus Contract, 9-year surrender charge schedule)
AA Class Contract (Standard Contract, 7-year surrender charge
schedule, ▇. ▇. ▇▇▇▇▇▇▇ distribution)
B Class Contract (Standard Contract, 7-year surrender charge schedule,
▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
L Class Contract (3-year surrender charge schedule)
C Class Contract (No surrender charges)
A Class Contract (Front-end load, ▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
S Class Contract (Standard and L Class)
Vintage VA (Standard Contract, 7-year surrender charge schedule)
Vintage XC (Bonus Contract, 9-year surrender charge schedule)
Vintage L (4-year surrender charge schedule)
Marquis Portfolios (No surrender charges)
PEP (10-year surrender charge schedule)
PrimElite III (8-year surrender charge schedule)
PrimElite IV (8-year surrender charge schedule)
PRISM (7-year surrender charge schedule)
PRISM L (4-year surrender charge schedule)
Pioneer PRISM XC (9-year surrender charge schedule)
Class XTRA (9-year surrender charge schedule)
Class XTRA 6 (9-year surrender charge schedule)
Simple Solutions (6-year surrender charge schedule)
Page 2 of 7
FORM NUMBERS
------------
Guaranteed Minimum Death Benefits Ceded:
----------------------------------------
Return of Account Value
Principal Protection; Form 6015 (02/02)
Annual Step-Up: Form 6017 (02/02)
Guaranteed Minimum Income Benefits Ceded:
-----------------------------------------
Guaranteed Minimum Income Benefit: Form 4518 (09/02)
Guaranteed Minimum Income Benefit Plus (2008 Version): Form FMLI-560-5
(7/08)
Guaranteed Withdrawal Benefits Ceded:
-------------------------------------
Guaranteed Withdrawal Benefit: Form FMLI-690-1 (7/04)
Guaranteed Withdrawal Benefit: Form FMLI-690-2 (11/05)
Lifetime Guaranteed Withdrawal Benefit: Form FMLZ-690-3 (6/06)
Lifetime Guaranteed Withdrawal Benefit II: Form FMLI-690-4 (7/08) or
FMLI-690-6 (7/09)
Lifetime Withdrawal Guaranteed Benefit III: Form FMLI-690-6 (7/09)-SS
Guaranteed Minimum Accumulation Benefits Ceded:
-----------------------------------------------
Guaranteed Minimum Accumulation Benefit: Form FMLI 670-1 (11/05)
Page 3 of 7
EXHIBIT II
REINSURANCE PREMIUMS
A. GMDB PROGRAM
REINSURANCE PREMIUM
GMDB PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------- -------------------------------------- -------------------
Return of Account Value All Products 2.00
Principal Protection All Products, except PRISM, PRISM L & 9.00
Pioneer PRISM XC
Principal Protection PRISM, PRISM L & Pioneer PRISM XC 15.00
Annual Step-up to Plan Codes: BN2101, BN21ML, 10.00
attained age 80 CS5101, CS510R, CS51ML, CS51MR,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, LS410R, LS41ML,
LS41MR, ST1101, ST110R, ST110X,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ST1ED3,
ST1EDB, ST1EDJ, ST1EDR, ST1EDX,
ST1ER3, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇
Annual Step-up to Other Plan Codes for all products, 20.00
attained age 80 except PRISM, PRISM L & Pioneer
PRISM XC
Annual Step-up to PRISM, PRISM L & Pioneer PRISM XC 30.00
attained age 80
Page 4 of 7
B. INCOME PROGRAM
REINSURANCE PREMIUM
INCOME PROGRAM PRODUCTS COVERED (BASIS POINTS)
--------------- ---------------------------------------------------------- -------------------
GMIB All Products issued prior to February 15, 2003 35.00
GMIB Plan codes BN2103, BN21M3, CS5103, CS51M3, ▇▇▇▇▇▇, ▇▇▇▇▇▇, 45.00
LS4103, LS4104, LS41M3, LS41R3, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ST1103,
ST11M3, ST11R3, ST11X3, ST13R3, ST1AG4, ST1AR4, and ST1NA4
sold after April 30, 2003 and before May 1, 2005 if GMDB
program is Annual Step or Max of Annual Step and Rollup
GMIB All other Products issued after February 14, 2003 and 50.00
before May 1, 2005 and for All Products sold after
April 30, 2005
GMIB Plus All Products, except Marquis Portfolio, sold on or before 75.00
February 20, 2009
GMIB Plus All Products, except Marquis Portfolio, sold after 95.00
February 20, 2009
GMIB Plus Marquis Portfolio sold on or before February 20, 2009 90.00
GMIB Plus Marquis Portfolio sold after February 20, 2009 110.00
Page 5 of 7
C. WITHDRAWAL PROGRAM
REINSURANCE PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
-------------------------------------- ------------------------------------------------ ------------------
Guaranteed Withdrawal Benefit All Products sold before July 16, 2007 50.00
Guaranteed Withdrawal Benefit All Products sold on or after July 16, 2007 55.00
Principal Guarantee All Products 50.00
Principal Guarantee Value All Products 25.00
Lifetime GWB - Single Life Version All Products, except Marquis Portfolio and 50
PrimElite IV
Lifetime GWB - Single Life Version PrimElite IV sold before May 4, 2009 65
Lifetime GWB - Single Life Version PrimElite IV sold on or after May 4, 2009 110
Lifetime GWB - Single Life Version Marquis Portfolios 70
Lifetime GWB - Joint Life Version All Products, except Marquis Portfolio and 70
PrimElite IV
Lifetime GWB - Joint Life Version PrimElite IV sold before May 4, 2009 85
Lifetime GWB - Single Life Version PrimElite IV sold on or after May 4, 2009 125
Lifetime GWB - Joint Life Version Marquis Portfolios 90
Lifetime GWB II (2008 Version) - All Products, except Marquis Portfolio, sold on 65
Single Life Version or before February 20, 2009
Lifetime GWB II (2008 Version) - Marquis Portfolios, sold on or before 85
Single Life Version February 20, 2009
Lifetime GWB II (2008 Version) - All Products, except Marquis Portfolio, sold on 85
Joint Life Version or before February 20, 2009
Lifetime GWB II (2008 Version) - Marquis Portfolios, sold on or before 105
Joint Life Version February 20, 2009
Lifetime GWB II (2008 Version) - All Products, except Marquis Portfolio, sold 125
Single Life Version after February 20, 2009
Lifetime GWB II (2008 Version) - Marquis Portfolios, sold after February 20, 2009 145
Single Life Version
Lifetime GWB II (2008 Version) - All Products, except Marquis Portfolio, sold 150
Joint Life Version after February 20, 2009
Lifetime GWB II (2008 Version) - Marquis Portfolios, sold after February 20, 2009 170
Joint Life Version
Lifetime LWG III - Single Life Version Simple Solutions 100
Lifetime LWG III - Joint Life Version Simple Solutions 120
Page 6 of 7
D. ACCUMULATION PROGRAM
REINSURANCE PREMIUM
ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS)
-------------------------------------- ------------------------------------------------ -------------------
Guaranteed Accumulation Benefit PEP Product 150.00
Guaranteed Accumulation Benefit All Other Products 75.00
Page 7 of 7
AMENDMENT NO. 13 TO
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(Agreement)
between
FIRST METLIFE INVESTORS INSURANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
The Agreement is hereby amended, as of JULY 19, 2010, as follows:
1. The attached Schedule A, Plans of Reinsurance, amends and, as amended,
restates Schedule A, Plans of Reinsurance.
This Amendment No. 13 does not alter, amend or modify the Agreement other than
as set forth herein, and the terms and conditions of the Agreement, as amended
herein, continue in effect without other change.
In Witness whereof, the parties have caused this Amendment No. 13 to be signed
in duplicate counterparts as of the date first above written.
FIRST METLIFE INVESTORS INSURANCE COMPANY
By: /s/ RBB
----------------------------
Title: Vice President
----------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ [Illegible Signature]
----------------------------
Title: AVP & Actuary
----------------------------
Page 1 of 3
SCHEDULE A
PLANS OF REINSURANCE
A. Reinsurer's Percentage:
100% of the business described herein.
B. Effective Date:
December 1, 2004.
C. Reinsured Contracts:
FIRST METLIFE INVESTORS INSURANCE COMPANY
DEFERRED ANNUITY CONTRACTS
--------------------------
VA Class Contract (Standard Contract, 7-year surrender charge
schedule)
XC Class Contract (Bonus Contract, 9-year surrender charge schedule)
AA Class Contract (Standard Contract, 7-year surrender charge
schedule, ▇. ▇. ▇▇▇▇▇▇▇ distribution)
B Class Contract (Standard Contract, 7-year surrender charge schedule,
▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
L Class Contract (3-year surrender charge schedule)
C Class Contract (No surrender charges)
A Class Contract (Front-end load, ▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
S Class Contract (Standard and L Class)
Vintage VA (Standard Contract, 7-year surrender charge schedule)
Vintage XC (Bonus Contract, 9-year surrender charge schedule)
Vintage L (4-year surrender charge schedule)
Marquis Portfolios (No surrender charges)
PEP (10-year surrender charge schedule)
PrimElite III (8-year surrender charge schedule)
PrimElite IV (8-year surrender charge schedule)
PRISM (7-year surrender charge schedule)
PRISM L (4-year surrender charge schedule)
Pioneer PRISM XC (9-year surrender charge schedule)
Class XTRA (9-year surrender charge schedule)
Class XTRA 6 (9-year surrender charge schedule)
Simple Solutions (6-year surrender charge schedule)
Page 2 of 3
FORM NUMBERS
------------
Guaranteed Minimum Death Benefits Ceded:
----------------------------------------
Return of Account Value
Principal Protection: Form 6015 (02/02)
Annual Step-Up: Form 6017 (02/02)
Guaranteed Minimum Income Benefits Ceded:
-----------------------------------------
Guaranteed Minimum Income Benefit: Form 4518 (09/02)
Guaranteed Minimum Income Benefit Plus (2008 Version): Form FMLI-560-5
(7/08)
Guaranteed Minimum Income Benefit Plus III: Form FMLI-560-7-NY(7/10)
Guaranteed Withdrawal Benefits Ceded:
-------------------------------------
Guaranteed Withdrawal Benefit: Form FMLI-690-1 (7/04)
Guaranteed Withdrawal Benefit: Form FMLI-690-2 (11/05)
Lifetime Guaranteed Withdrawal Benefit: Form FMLI-690-3 (6/06)
Lifetime Guaranteed Withdrawal Benefit II: Form FMLI-690-4 (7/08) or
FMLI-690-6 (7/09)
Lifetime Withdrawal Guaranteed Benefit III: Form FMLI-690-6 (7/09)-SS
Guaranteed Minimum Accumulation Benefits Ceded:
-----------------------------------------------
Guaranteed Minimum Accumulation Benefit: Form FMLI 670-1 (11/05)
Page 3 of 3
AMENDMENT NO. 14 TO
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(Agreement)
between
FIRST METLIFE INVESTORS INSURANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
The Agreement is hereby amended, as of DECEMBER 31, 2010, as follows:
1. The parties agree, subject to and conditioned on the regulatory approval of
the reinsurance agreement with an effective date of January 1, 2011 between
First MetLife Investors Insurance Company and MetLife Insurance Company of
Connecticut, to terminate reinsurance coverage on annuity contracts issued
on or after January 1, 2011.
This Amendment No. 14 does not alter, amend or modify the Agreement other than
as set forth herein, and the terms and conditions of the Agreement, as amended
herein, continue in effect without other change.
In Witness whereof, the parties have caused this Amendment No. 14 to be signed
in duplicate counterparts as of the date first above written.
FIRST METLIFE INVESTORS INSURANCE COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇
-------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇
-------------------------------
Title: Vice President and Senior
-------------------------------
Actuary
-------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
-------------------------------
Name: ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
-------------------------------
Title: Assistant Vice President and
-------------------------------
Actuary
-------------------------------
Page 1 of 3
ACKNOWLEDGEMENT OF THE PARTIES
In respect of
AMENDMENT NO. 14
(the "Amendment")
to the
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(the "Agreement")
between
FIRST METLIFE INVESTORS INSURANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
WHEREAS, the parties executed the Amendment as of December 31, 2010;
WHEREAS, the Amendment provided that "The parties agree, subject to and
conditioned on the regulatory approval of the reinsurance agreement with an
effective date of January 1, 2011 between First MetLife Investors Insurance
Company and MetLife Insurance Company of Connecticut, to terminate reinsurance
coverage on annuity contracts issued on or after January 1, 2011";
WHEREAS, the parties acknowledge that the required regulatory approval of the
reinsurance agreement between First MetLife Investors Insurance Company and
MetLife Insurance Company of Connecticut was not obtained;
NOW, THEREFORE, the parties mutually acknowledge that the required condition
precedent to the effectiveness the Amendment did not occur, and further mutually
acknowledge that the Amendment is of no force and no effect.
This Acknowledgement does not alter, amend or modify the Agreement and the terms
and conditions of the Agreement, as amended, continue in effect without change.
* * *
Page 2 of 3
In Witness whereof, the parties have caused this Acknowledgement to be signed in
duplicate counterparts as of February 16, 2011.
FIRST METLIFE INVESTORS INSURANCE COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇
-------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇
-------------------------------
Title: Vice President and Senior
-------------------------------
Actuary
-------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
-------------------------------
Name: ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
-------------------------------
Title: Assistant Vice President and
-------------------------------
Actuary
-------------------------------
Page 3 of 3
AMENDMENT NO. 15 TO
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(Agreement)
between
FIRST METLIFE INVESTORS INSURANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
The Agreement is hereby amended, as of APRIL 29, 2011, as follows:
1. The attached Schedule A, Plans of Reinsurance, amends and, as amended,
restates Schedule A, Plans of Reinsurance.
2. The attached Exhibit II, Reinsurance Premiums, amends and, as amended,
restates Exhibit II, Reinsurance Premiums.
This Amendment No. 15 does not alter, amend or modify the Agreement other than
as set forth herein, and the terms and conditions of the Agreement, as amended
herein, continue in effect without other change.
In Witness whereof, the parties have caused this Amendment No. 15 to be signed
in duplicate counterparts as of the date first above written.
FIRST METLIFE INVESTORS INSURANCE COMPANY
By: /s/ RBB
-------------------------------------
Title: Vice President
-------------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ [Illegible Signature]
-------------------------------------
Title: Assistant Vice President and Actuary
-------------------------------------
Page 1 of 7
SCHEDULE A
PLANS OF REINSURANCE
A. Reinsurer's Percentage:
100% of the business described herein.
B. Effective Date:
December 1, 2004.
C. Reinsured Contracts:
FIRST METLIFE INVESTORS INSURANCE COMPANY
DEFERRED ANNUITY CONTRACTS
--------------------------
VA Class Contract (Standard Contract, 7-year surrender charge
schedule)
XC Class Contract (Bonus Contract, 9-year surrender charge schedule)
AA Class Contract (Standard Contract, 7-year surrender charge
schedule, ▇. ▇. ▇▇▇▇▇▇▇ distribution)
B Class Contract (Standard Contract, 7-year surrender charge schedule,
▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
L Class Contract (3-year surrender charge schedule)
C Class Contract (No surrender charges)
A Class Contract (Front-end load, ▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
S Class Contract (Standard and L Class)
VA - 4 Class Contract (L Class)
Vintage VA (Standard Contract, 7-year surrender charge schedule)
Vintage XC (Bonus Contract, 9-year surrender charge schedule)
Vintage L (4-year surrender charge schedule)
Marquis Portfolios (No surrender charges)
PEP (10-year surrender charge schedule)
PrimElite III (8-year surrender charge schedule)
PrimElite IV (8-year surrender charge schedule)
PRISM (7-year surrender charge schedule)
PRISM L (4-year surrender charge schedule)
Page 2 of 7
Pioneer PRISM XC (9-year surrender charge schedule)
Class XTRA (9-year surrender charge schedule)
Class XTRA 6 (9-year surrender charge schedule)
Simple Solutions (6-year surrender charge schedule)
FORM NUMBERS
------------
Guaranteed Minimum Death Benefits Ceded:
----------------------------------------
Return of Account Value
Principal Protection: Form 6015 (02/02) Annual Step-Up: Form 6017
(02/02)
Guaranteed Minimum Income Benefits Ceded:
-----------------------------------------
Guaranteed Minimum Income Benefit: Form 4518 (09/02)
Guaranteed Minimum Income Benefit Plus (2008 Version): Form FMLI-560-5
(7/08)
Guaranteed Minimum Income Benefit Plus III: Form FMLI-560-7-NY (7/10)
Guaranteed Minimum Income Benefit Max: Form FMLI-560-8-NY (9/10)
Guaranteed Withdrawal Benefits Ceded:
-------------------------------------
Guaranteed Withdrawal Benefit: Form FMLI-690-1 (7/04)
Guaranteed Withdrawal Benefit: Form FMLI-690-2 (11/05)
Lifetime Guaranteed Withdrawal Benefit: Form FMLI-690-3 (6/06)
Lifetime Guaranteed Withdrawal Benefit II: Form FMLI-690-4 (7/08) or
FMLI-690-6 (7/09)
Lifetime Withdrawal Guaranteed Benefit III: Form FMLI-690-6 (7/09)-SS
Guaranteed Minimum Accumulation Benefits Ceded:
-----------------------------------------------
Guaranteed Minimum Accumulation Benefit: Form FMLI 670-1 (11/05)
Page 3 of 7
EXHIBIT II
REINSURANCE PREMIUMS
A. GMDB PROGRAM
REINSURANCE
PREMIUM (BASIS
GMDB PROGRAM PRODUCTS COVERED POINTS)
--------------------------------- -------------------------------------------------- --------------
Return of Account Value All Products 2.00
Principal Protection All Products, except PRISM, PRISM L 9.00
& Pioneer PRISM XC
Principal Protection PRISM, PRISM L & Pioneer PRISM XC 15.00
Annual Step-up to Plan Codes: BN2101, BN21ML, 10.00
attained age 80 CS5101, CS510R, CS51ML, CS51MR,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, LS410R, LS41ML,
LS41MR, ST1101, ST110R, ST110X,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ST1ED3,
ST1EDB, ST1EDJ, ST1EDR, ST1EDX,
ST1ER3, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇
Annual Step-up to Other Plan Codes for all products, 20.00
attained age 80 except PRISM, PRISM L & Pioneer
PRISM XC
Annual Step-up to PRISM, PRISM L & Pioneer PRISM XC 30.00
attained age 80
Page 4 of 7
B. INCOME PROGRAM
REINSURANCE
PREMIUM (BASIS
INCOME PROGRAM PRODUCTS COVERED POINTS)
--------------------------------- -------------------------------------------------- --------------
GMIB All Products issued prior to February 15, 2003 35.00
GMIB Plan codes BN2103, BN21M3, CS5103, CS51M3, 45.00
CS51R3, CS53R3, LS4103, LS4104, LS41M3,
LS41R3, LS41R4, LS43R3, ST1103, ST11M3,
ST11R3, ST11X3, ST13R3, ST1AG4, ST1AR4,
and ST1NA4 sold after April 30, 2003 and before
May 1, 2005 if GMDB program is Annual Step or
Max of Annual Step and Rollup
GMIB All other Products issued after February 14, 2003 50.00
and before May 1, 2005 and for All Products sold
after
April 30, 2005
GMIB Plus All Products, except Marquis Portfolio, sold on or 75.00
before February 20, 2009
GMIB Plus All Products, except Marquis Portfolio, sold after 95.00
February 20, 2009 and before April 29, 2011
GMIB Plus and GMIB All products, except Marquis Portfolio, sold on or 100.00
Max after April 29, 2011
GMIB Plus Marquis Portfolio sold on or before February 20, 90.00
2009
GMIB Plus Marquis Portfolio sold after February 20, 2009 and 110.00
before April 29, 2011
GMIB Plus and GMIB Marquis Portfolio sold on or after April 29, 2011 115.00
▇▇▇
▇▇▇▇ 5 of 7
C. WITHDRAWAL PROGRAM
REINSURANCE
PREMIUM (BASIS
WITHDRAWAL PROGRAM PRODUCTS COVERED POINTS)
--------------------------------- -------------------------------------------------- --------------
Guaranteed Withdrawal All Products sold before July 16, 2007 50.00
Benefit
Guaranteed Withdrawal All Products sold on or after July 16, 2007 55.00
Benefit
Principal Guarantee All Products 50.00
Principal Guarantee Value All Products 25.00
Lifetime GWB - Single Life All Products, except Marquis Portfolio and 50
Version PrimElite IV
Lifetime GWB - Single Life PrimElite IV sold before May 4, 2009 65
Version
Lifetime GWB - Single Life PrimElite IV sold on or after May 4, 2009 and 110
Version before July 15, 2011
Lifetime GWB - Single Life PrimElite IV sold on or after July 15, 2011 140
Version
Lifetime GWB - Single Life Marquis Portfolios 70
Version
Lifetime GWB - Joint Life All Products, except Marquis Portfolio and 70
Version PrimElite IV
Lifetime GWB - Joint Life PrimElite IV sold before May 4, 2009 85
Version
Lifetime GWB - Joint Life PrimElite IV sold on or after May 4, 2009 and 125
Version before July 15, 2011
Lifetime GWB - Joint Life PrimElite IV sold on or after July 15, 2011 155
Version
Lifetime GWB - Joint Life Marquis Portfolios 90
Version
Lifetime GWB II (2008 All Products, except Marquis Portfolio, sold on or 65
Version) - Single Life Version before February 20, 2009
Lifetime GWB II (2008 Marquis Portfolios, sold on or before February 85
Version) - Single Life Version 20, 2009
Lifetime GWB II (2008 All Products, except Marquis Portfolio, sold on or 85
Version) - Joint Life Version before February 20, 2009
Lifetime GWB II (2008 Marquis Portfolios, sold on or before February 105
Version) - Joint Life Version 20, 2009
Lifetime GWB II (2008 All Products, except Marquis Portfolio, sold after 125
Version) - Single Life Version February 20, 2009
Lifetime GWB II (2008 Marquis Portfolios, sold after February 20, 2009 145
Version) - Single Life Version
Lifetime GWB II (2008 All Products, except Marquis Portfolio, sold after 150
Version) - Joint Life Version February 20, 2009
Lifetime GWB II (2008 Marquis Portfolios, sold after February 20, 2009 170
Version) - Joint Life Version
Lifetime LWG III - Single Life Simple Solutions 100
Version
Lifetime LWG III - Joint Life Simple Solutions 120
Version
Page 6 of 7
D. ACCUMULATION PROGRAM
REINSURANCE
PREMIUM (BASIS
ACCUMULATION PROGRAM PRODUCTS COVERED POINTS)
--------------------------------- -------------------------------------------------- --------------
Guaranteed Accumulation PEP Product 150.00
Benefit
Guaranteed Accumulation All Other Products 75.00
Benefit
Page 7 of 7
AMENDMENT NO. 16 TO
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(Agreement)
between
FIRST METLIFE INVESTORS INSURANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
The Agreement is hereby amended, as of OCTOBER 10, 2011, as follows:
1. The attached Schedule A, Plans of Reinsurance, amends and, as amended,
restates Schedule A, Plans of Reinsurance.
2. The attached Exhibit II, Reinsurance Premiums, amends and, as amended,
restates Exhibit II, Reinsurance Premiums.
This Amendment No. 16 does not alter, amend or modify the Agreement other than
as set forth herein, and the terms and conditions of the Agreement, as amended
herein, continue in effect without other change.
In Witness whereof, the parties have caused this Amendment No. 16 to be signed
in duplicate counterparts as of the date first above written.
FIRST METLIFE INVESTORS INSURANCE COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇
-------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇
-------------------------------
Title: Senior Vice President
-------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
-------------------------------
Name: ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
-------------------------------
Title: Vice President and Actuary
-------------------------------
Page 1 of 7
SCHEDULE A
PLANS OF REINSURANCE
A. Reinsurer's Percentage:
100% of the business described herein.
B. Effective Date:
December 1, 2004.
C. Reinsured Contracts:
FIRST METLIFE INVESTORS INSURANCE COMPANY
DEFERRED ANNUITY CONTRACTS
--------------------------
VA Class Contract (Standard Contract, 7-year surrender charge
schedule)
XC Class Contract (Bonus Contract, 9-year surrender charge schedule)
AA Class Contract (Standard Contract, 7-year surrender charge
schedule, ▇. ▇. ▇▇▇▇▇▇▇ distribution)
B Class Contract (Standard Contract, 7-year surrender charge schedule,
▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
L Class Contract (3-year surrender charge schedule)
C Class Contract (No surrender charges)
A Class Contract (Front-end load, ▇▇▇▇▇▇ ▇▇▇▇▇ distribution)
S Class Contract (Standard and L Class)
VA - 4 Class Contract (L Class)
Vintage VA (Standard Contract, 7-year surrender charge schedule)
Vintage XC (Bonus Contract, 9-year surrender charge schedule)
Vintage L (4-year surrender charge schedule)
Marquis Portfolios (No surrender charges)
PEP (10-year surrender charge schedule)
PrimElite III (8-year surrender charge schedule)
PrimElite IV (8-year surrender charge schedule)
PRISM (7-year surrender charge schedule)
PRISM L (4-year surrender charge schedule)
Pioneer PRISM XC (9-year surrender charge schedule)
Class XTRA (9-year surrender charge schedule)
Class XTRA 6 (9-year surrender charge schedule)
Simple Solutions (6-year surrender charge schedule)
Page 2 of 7
FORM NUMBERS
------------
Guaranteed Minimum Death Benefits Ceded:
----------------------------------------
Return of Account Value
Principal Protection: Form 6015 (02/02)
Annual Step-Up: Form 6017 (02/02)
Guaranteed Minimum Income Benefits Ceded:
Guaranteed Minimum Income Benefit: Form 4518 (09/02)
Guaranteed Minimum Income Benefit Plus (2008 Version):
Form FMLI-560-5 (7/08)
Guaranteed Minimum Income Benefit Plus III: Form FMLI-560-7-NY (7/10)
Guaranteed Minimum Income Benefit Plus IV: Form FMLI-560-10 (9/11)
Guaranteed Minimum Income Benefit Max: Form FMLI-560-8-NY (9/10)
Guaranteed Minimum Income Benefit ▇▇▇ ▇▇: Form FMLI-560-11 (9/11)
Guaranteed Withdrawal Benefits Ceded:
-------------------------------------
Guaranteed Withdrawal Benefit: Form FMLI-690-1 (7/04)
Guaranteed Withdrawal Benefit: Form FMLI-690-2 (11/05)
Lifetime Guaranteed Withdrawal Benefit: Form FMLI-690-3 (6/06)
Lifetime Guaranteed Withdrawal Benefit II: Form FMLI-690-4 (7/08) or
FMLI-690-6 (7/09)
Lifetime Withdrawal Guaranteed Benefit III: Form FMLI-690-6 (7/09)-SS
Guaranteed Minimum Accumulation Benefits Ceded:
-----------------------------------------------
Guaranteed Minimum Accumulation Benefit: Form FMLI 670-1 (11/05)
Page 3 of 7
EXHIBIT II
REINSURANCE PREMIUMS
A. GMDB PROGRAM
REINSURANCE
PREMIUM
GMDB PROGRAM PRODUCTS COVERED (BASIS POINTS)
------------------------------ -------------------------------------------------- --------------
Return of Account Value All Products 2.00
Principal Protection All Products, except PRISM, PRISM L & 9.00
Pioneer PRISM XC
Principal Protection PRISM, PRISM L & Pioneer PRISM XC 15.00
Annual Step-up to Plan Codes: BN2101, BN21ML, 10.00
attained age 80 CS5101, CS510R, CS51ML, CS51MR,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, LS410R, LS41ML,
LS41MR, ST1101, ST110R, ST110X,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ST1ED3,
ST1EDB, ST1EDJ, ST1EDR, ST1EDX,
ST1ER3, ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇, ▇▇▇▇▇▇
Annual Step-up to Other Plan Codes for all products, 20.00
attained age 80 except PRISM, PRISM L & Pioneer
PRISM XC
Annual Step-up to PRISM, PRISM L & Pioneer PRISM XC 30.00
attained age 80
Page 4 of 7
B. INCOME PROGRAM
REINSURANCE
PREMIUM
INCOME PROGRAM PRODUCTS COVERED (BASIS POINTS)
------------------------------ -------------------------------------------------- --------------
GMIB All Products issued prior to February 15, 2003 35.00
GMIB Plan codes BN2103, BN21M3, CS5103, CS51M3, 45.00
CS51R3, CS53R3, LS4103, LS4104, LS41M3,
LS41R3, LS41R4, LS43R3, ST1103, ST11M3,
ST11R3, ST11X3, ST13R3, ST1AG4, ST1AR4,
and ST1NA4 sold after April 30, 2003 and before
May 1, 2005 if GMDB program is Annual Step or
Max of Annual Step and Rollup
GMIB All other Products issued after February 14, 2003 50.00
and before May 1, 2005 and for All Products sold
after
April 30,2005
GMIB Plus All Products, except Marquis Portfolio, sold on or 75.00
before February 20, 2009
GMIB Plus All Products, except Marquis Portfolio, sold after 95.00
February 20, 2009 and before April 29, 2011
GMIB Plus and GMIB All products, except Marquis Portfolio, sold on or 100.00
Max after April 29, 2011
GMIB Plus IV and GMIB Only Applies to VA, L, C, S & VA-4 Class products 100.00
▇▇▇ ▇▇ sold after October 10, 2011
GMIB Plus Marquis Portfolio sold on or before 90.00
February 20, 2009
GMIB Plus Marquis Portfolio sold after February 20, 2009 and 110.00
before April 29, 2011
Page 5 of 7
C. WITHDRAWAL PROGRAM
REINSURANCE
PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
------------------------------ -------------------------------------------------- --------------
Guaranteed Withdrawal All Products sold before July 16, 2007 50.00
Benefit
Guaranteed Withdrawal All Products sold on or after July 16, 2007 55.00
Benefit
Principal Guarantee All Products 50.00
Principal Guarantee Value All Products 25.00
Lifetime GWB - Single Life All Products, except Marquis Portfolio and 50
Version PrimElite IV
Lifetime GWB - Single Life
Version PrimElite IV sold before May 4, 2009 65
Lifetime GWB - Single Life PrimElite IV sold on or after May 4, 2009 and 110
Version before July 15, 2011
Lifetime GWB - Single Life
Version PrimElite IV sold on or after July 15, 2011 140
Lifetime GWB - Single Life Marquis Portfolios 70
Version
Lifetime GWB - Joint Life All Products, except Marquis Portfolio and 70
Version PrimElite IV
Lifetime GWB - Joint Life
Version PrimElite IV sold before May 4, 2009 85
Lifetime GWB - Joint Life PrimElite IV sold on or after May 4, 2009 and 125
Version before July 15, 2011
Lifetime GWB - Joint Life
Version PrimElite IV sold on or after July 15, 2011 155
Lifetime GWB - Joint Life Marquis Portfolios 90
Version
Lifetime GWB II (2008 All Products, except Marquis Portfolio, sold on or 65
Version) - Single Life Version before February 20, 2009
Lifetime GWB II (2008 Marquis Portfolios, sold on or before February 85
Version) - Single Life Version 20, 2009
Lifetime GWB II (2008 All Products, except Marquis Portfolio, sold on or 85
Version) - Joint Life Version before February 20, 2009
Lifetime GWB II (2008 Marquis Portfolios, sold on or before February 105
Version) - Joint Life Version 20, 2009
Lifetime GWB II (2008 All Products, except Marquis Portfolio, sold after 125
Version) - Single Life Version February 20, 2009
Lifetime GWB II (2008
Version) - Single Life Version Marquis Portfolios, sold after February 20, 2009 145
Lifetime GWB II (2008 All Products, except Marquis Portfolio, sold after 150
Version) - Joint Life Version February 20, 2009
Lifetime GWB II (2008
Version) - Joint Life Version Marquis Portfolios, sold after February 20, 2009 170
Lifetime LWG III - Single Life Simple Solutions sold on or before 100
Version December 9, 2011
Lifetime LWG III - Single Life Simple Solutions sold after December 9, 2011 110
Version
Page 6 of 7
REINSURANCE
PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
------------------------------ -------------------------------------------------- --------------
Lifetime LWG III - Joint Life Simple Solutions sold on or before 120
Version December 9, 2011
Lifetime LWG III - Joint Life Simple Solutions sold after December 9, 2011 130
Version
D. ACCUMULATION PROGRAM
REINSURANCE
PREMIUM
ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS)
------------------------------ -------------------------------------------------- --------------
Guaranteed Accumulation PEP Product 150.00
Benefit
Guaranteed Accumulation All Other Products 75.00
Benefit
Page 7 of 7