Amendment #4 to the AUTOMATIC AND FACULTATIVE
Amendment #4
to the
AUTOMATIC AND FACULTATIVE
YEARLY RENEWABLE TERM REINSURANCE AGREEMENT
EFFECTIVE April 30, 2000
Between
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
(PRUCO OF NJ)
And
MUNICH AMERICAN REASSURANCE COMPANY
(MUNICH)
The parties hereby agree to the following:
|
|
1. |
SCHEDULE A, Section 4, AUTOMATIC ACCEPTANCE LIMIT, shall be replaced by the following: |
AUTOMATIC ACCEPTANCE LIMIT:
For any policy to be reinsured under automatic reinsurance, the face amount will not exceed the automatic issue limits shown in the following tables:
US/Canadian Residents – No Foreign Travel – Non-Smoker
|
Issue Age of Insured |
No Substandard Rating |
Class A – D |
Class E – H | |
|
Ages: |
0 – 65 |
$ 70,000,000 |
$ 65,000,000 |
$ 43,000,000 |
|
|
66 – 70 |
$ 57,000,000 |
$ 52,000,000 |
$ 33,000,000 |
|
|
71 – 75 |
$ 43,000,000 |
$ 40,000,000 |
$ 22,000,000 |
|
|
76 – 77 |
$ 25,000,000 |
$ 22,000,000 |
$ 15,000,000 |
|
|
78 – 80 |
$ 21,000,000 |
$ 18,000,000 |
$ 11,000,000 |
|
|
81 – 85 |
$ 13,000,000 |
$ 11,000,000 |
None |
|
|
86 – 90 |
$ 5,050,000 |
$ 4,050,000 |
None |
US/Canadian Residents – No Foreign Travel – Smoker
|
Issue Age of Insured |
No Substandard Rating |
Class A – D |
Class E – H | |
|
Ages: |
0 – 65 |
$ 60,000,000 |
$ 60,000,000 |
$ 43,000,000 |
|
|
66 – 70 |
$ 47,000,000 |
$ 47,000,000 |
$ 32,000,000 |
|
|
71 – 75 |
$ 38,000,000 |
$ 38,000,000 |
$ 22,000,000 |
|
|
76 – 77 |
$ 22,000,000 |
$ 22,000,000 |
$ 14,000,000 |
|
|
78 – 80 |
$ 18,000,000 |
$ 18,000,000 |
$ 10,000,000 |
|
|
81 – 85 |
$ 11,000,000 |
$ 10,000,000 |
None |
|
|
86 – 90 |
$ 4,050,000 |
$ 3,050,000 |
None |
US/Canadian Residents - Foreign Travel
|
|
Pref. Best – Class C |
Class D - E |
Class F - H | |
|
Ages: |
0 – 70 |
$ 6,666,000 |
$ 5,000,000 |
None |
|
|
71 – 75 |
$ 5,000,000 |
$ 3,333,000 |
None |
|
|
76 – 90 |
None |
None |
None |
Non US/Canadian Residents
|
|
Pref. Best – Class C |
Class D - E |
Class F – H | |
|
Ages: |
0 - 70 |
$ 20,000,000 |
$ 15,000,000 |
None |
|
|
71 - 75 |
$ 15,000,000 |
$ 10,000,000 |
None |
|
|
▇▇ - ▇▇ |
▇▇▇▇ |
▇▇▇▇ |
▇▇▇▇ |
For any policy to be reinsured under automatic reinsurance, the amounts subject to reinsurance are the First Layer of Coverage amounts shown in the following tables:
US/Canadian Residents – No Foreign Travel
|
Issue Age of Insured |
Pref. Best – Class D |
Class E – H | |
|
Ages: |
0 - 65 |
$ 50,000,000 |
$ 35,000,000 |
|
|
66 - 70 |
$ 40,000,000 |
$ 25,000,000 |
|
|
71 - 75 |
$ 35,000,000 |
$ 15,000,000 |
|
|
76 – 77 |
$ 15,000,000 |
$ 10,000,000 |
|
|
78 – 80 |
$ 10,000,000 |
$ 5,000,000 |
|
|
81 – 85 |
$ 5,000,000 |
None |
|
|
86 - 90 |
$ 1,500,000 |
None |
US/Canadian Residents - Foreign Travel
|
|
Pref. Best – Class C |
Class D - E |
Class F - H | |
|
Ages: |
0 – 70 |
$ 6,666,000 |
$ 5,000,000 |
None |
|
|
71 – 75 |
$ 5,000,000 |
$ 3,333,000 |
None |
|
|
76 – 90 |
None |
None |
None |
Non US/Canadian Residents
|
|
Pref. Best – Class C |
Class D - E |
Class F – H | |
|
Ages: |
0 - 70 |
$ 20,000,000 |
$ 15,000,000 |
None |
|
|
71 - 75 |
$ 15,000,000 |
$ 10,000,000 |
None |
|
|
▇▇ - ▇▇ |
▇▇▇▇ |
▇▇▇▇ |
▇▇▇▇ |
For any policy to be reinsured under automatic reinsurance, the amounts reinsured with MUNICH on that life will not exceed the amounts in the following tables:
UL-VUL II
US/Canadian Residents – No Foreign Travel
|
Issue Age of Insured |
Pref. Best – Class D |
Class E – H | |
|
Ages: |
0 – 65 |
$ 10,000,000 |
$ 7,000,000 |
|
|
66 – 70 |
$ 8,000,000 |
$ 5,000,000 |
|
|
71 – 75 |
$ 7,000,000 |
$ 3,000,000 |
|
|
76 – 77 |
$ 3,000,000 |
$ 2,000,000 |
|
|
78 – 80 |
$ 2,000,000 |
$ 1,000,000 |
|
|
81 – 85 |
$ 1,000,000 |
None |
|
|
86 – 90 |
$ 300,000 |
None |
US/Canadian Residents - Foreign Travel
|
|
Pref. Best – Class C |
Class D - E |
Class F – H | |
|
Ages: |
0 – 70 |
$ 1,333,200 |
$ 1,000,000 |
None |
|
|
71 – 75 |
$ 1,000,000 |
$ 666,600 |
None |
|
|
76 – 90 |
None |
None |
None |
Non US/Canadian Residents
|
|
Pref. Best – Class C |
Class D - E |
Class F – H | |
|
Ages: |
0 - 70 |
$ 4,000,000 |
$ 3,000,000 |
None |
|
|
71 - 75 |
$3,000,000 |
$ 2,000,000 |
▇▇▇▇ |
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▇▇ - ▇▇ |
▇▇▇▇ |
▇▇▇▇ |
▇▇▇▇ |
ProFunds
US/Canadian Residents – No Foreign Travel
|
Issue Age of Insured |
Pref. Best – Class D |
Class E – H | |
|
Ages: |
0 – 65 |
$ 15,000,000 |
$ 10,500,000 |
|
|
66 – 70 |
$ 12,000,000 |
$ 7,500,000 |
|
|
71 – 75 |
$ 10,500,000 |
$ 4,500,000 |
|
|
76 – 77 |
$ 4,500,000 |
$ 3,000,000 |
|
|
78 – 80 |
$ 3,000,000 |
$ 1,500,000 |
|
|
81 – 85 |
$ 1,500,000 |
None |
|
|
86 – 90 |
$ 450,000 |
None |
US/Canadian Residents - Foreign Travel
|
|
Pref. Best – Class C |
Class D - E |
Class F – H | |
|
Ages: |
0 – 70 |
$ 1,999,800 |
$ 1,500,000 |
None |
|
|
71 – 75 |
$ 1,500,000 |
$ 999,900 |
None |
|
|
76 – 90 |
None |
None |
None |
Non US/Canadian Residents
|
|
Pref. Best – Class C |
Class D - E |
Class F – H | |
|
Ages: |
0 - 70 |
$ 6,000,000 |
$ 4,500,000 |
None |
|
|
71 - 75 |
$4,500,000 |
$ 3,000,000 |
None |
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▇▇ - ▇▇ |
▇▇▇▇ |
▇▇▇▇ |
▇▇▇▇ |
In witness of the above, PRUCO OF NJ and MUNICH have by their respective officers executed and delivered this Amendment in duplicate on the dates indicated below, with an effective date of March 1, 2003.
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PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY |
MUNICH AMERICAN REASSURANCE COMPANY |
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By:________________________________ |
By:______________________________ |
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Title:_______________________________ |
Title:_____________________________ |
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Date:_______________________________ |
Date:_____________________________ |
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By:________________________________ |
By:______________________________ |
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Title:_______________________________ |
Title:_____________________________ |
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Date:_______________________________ |
Date:_____________________________ |