Common use of Reinsurance Premiums Clause in Contracts

Reinsurance Premiums. A. The total Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of which is defined separately in this article. B. The Reinsurance Premium rates and structure described above are subject to change in accordance with the criteria described in Article XV. GMDB AND EPB ------------ C. The total GMDB Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit II. E. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value shall be applied to the GMDB Cession Premium rates per premium class on a 1/12th basis. EPB CESSION PREMIUM ------------------- F. The EPB Reinsurance Premium is an asset-based premium rate, expressed in terms of basis points, and is defined in Exhibit II. G. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the average aggregate account value for the reporting month. This value shall be applied to the annualized EPB reinsurance premium rates per premium class on a 1/12th basis. The total EPB Cession Premium due for the month is the sum of the premiums calculated for each premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, as described in Schedule A, at time of continuance, and shall be deemed to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The new reinsurance premium rate applied shall be based off the attained age of the surviving spouse at the time of election of spousal continuance. After the termination of this Agreement for new cessions, a spousal continuation of a Reinsured Contract may be ceded to this Agreement in accordance with the procedure set forth in Article I, Paragraph D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed in terms of basis points, as set forth in Exhibit II, and shall be calculated on an aggregate basis. J. The Cedent shall calculate the Reinsurer's Percentage of the greater of the average aggregate IBB value and the average aggregate account value for the reporting month. This value shall be applied to the annualized GMIB cession premium rates on a 1/12th basis.

Reinsurance Premiums. A. The total Reinsurance Premium Life reinsurance shall be on the yearly renewable term basis for the business ceded hereunder is the sum net amount at risk (death benefit less reserve or fund value) on that portion of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of policy which is defined separately reinsured by the Reinsurer. Premiums and allowances shall be based on the rates specified in this articleExhibit IV. B. The Reinsurance Premium rates and structure described above are subject to change in accordance with Reinsurer shall not indemnify the criteria described in Article XVCeding Company for premium taxes or guaranty fund assessments. GMDB AND EPB ------------In the event that the reinsurer is an alien company, the reinsurer shall reimburse the Ceding Company for any federal excise tax payable on business ceded under this Agreement. C. The total GMDB Reinsurance Premium Ceding Company shall report and pay reinsurance premiums on an annual basis in advance without regard to the Policy mode of premium payment. D. For technical reasons relating to statutory reserve requirements, the YRT rates described in Exhibit IV cannot be guaranteed for more than one year. The Reinsurer anticipates continuing to accept premiums on the basis of the YRT rates described in Exhibit IV. The guaranteed reinsurance premium for each age and duration shall be the higher of the premium based on the reinsurance rates shown in Exhibit IV and the premium based on the statutory minimum valuation mortality table and the statutory maximum valuation interest rate permitted for the business ceded hereunder is underlying Policy under the sum National Association of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit IIInsurance Commissioners' Standard Valuation Law. E. The Cedent In no event shall calculatethe Reinsurer increase the reinsurance rates on inforce business ceded under this Agreement unless it also concurrently increases the reinsurance rates for all of its YRT reinsurance assumed individual life insurance business. F. Reinsurance premiums on Policies that terminate, for each premium classreduce or change, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value Reinsurer shall be applied to the GMDB Cession Premium rates per premium class on a 1/12th basis. EPB CESSION PREMIUM ------------------- F. The EPB Reinsurance Premium is an asset-based premium rate, expressed in terms of basis points, and is defined in Exhibit IIrefund any unearned reinsurance premium. G. The Cedent shall calculate, for each premium classFor Policies that are reinstated after coverage has ceased, the Reinsurer's Percentage of Ceding Company shall pay to the average aggregate account value Reinsurer reinsurance premiums for the reporting month. This value shall be applied to period for which the annualized EPB reinsurance premium rates per premium class on a 1/12th basis. The total EPB Cession Premium due for the month is the sum of the Ceding Company received Policy premiums calculated for each premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, as described in Schedule A, at time of continuance, and shall be deemed to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The new reinsurance premium rate applied shall be based off the attained age of the surviving spouse at the time of election of spousal continuance. After the termination of this Agreement for new cessions, a spousal continuation of a Reinsured Contract may be ceded to this Agreement in accordance with the procedure set forth in Article I, Paragraph D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed in terms of basis points, as set forth in Exhibit II, and shall be calculated on an aggregate basisarrears. J. The Cedent shall calculate the Reinsurer's Percentage of the greater of the average aggregate IBB value and the average aggregate account value for the reporting month. This value shall be applied to the annualized GMIB cession premium rates on a 1/12th basis.

Reinsurance Premiums. A. The total Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of which is defined separately in this article. B. The Reinsurance Premium rates and structure described above are subject to change in accordance with the criteria described in Article XV. GMDB AND EPB ------------ C. The total GMDB Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit II. E. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value shall be applied to the GMDB Cession Premium rates per premium class on a 1/12th basis. EPB CESSION PREMIUM ------------------- F. The EPB Reinsurance Premium is an asset-based premium rate, expressed in terms of basis points, and is defined in Exhibit II. G. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the average aggregate account value for the reporting month. This value shall be applied to the annualized EPB reinsurance premium rates per premium class on a 1/12th basis. The total EPB Cession Premium due for the month is the sum of the premiums calculated for each premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, as described in Schedule A, at time of continuance, and shall be deemed to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The new reinsurance premium rate applied shall be based off the attained age of the surviving spouse at the time of election of spousal continuance. After the termination of this Agreement for new cessions, a spousal continuation of a Reinsured Contract may be ceded to this Agreement in accordance with the procedure set forth in Article I, Paragraph D. GMIB ----D. I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed in terms of basis points, as set forth in Exhibit II, and shall be calculated on an aggregate basis. J. The Cedent shall calculate the Reinsurer's Percentage of the greater of the average aggregate IBB value and the average aggregate account value for the reporting month. This value shall be applied to the annualized GMIB cession premium rates on a 1/12th basis.

Reinsurance Premiums. A. The total Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of which is defined separately in this article. B. The Reinsurance Premium rates and structure described above are subject to change in accordance with the criteria described in Article XV. GMDB AND and EPB ------------ C. The total GMDB Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM Cession Premium -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit II. E. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value shall be applied to the GMDB Cession Premium rates per premium class on a 1/12th basis. EPB CESSION PREMIUM Cession Premium ------------------- F. The EPB Reinsurance Premium is an asset-based premium rate, expressed in terms of basis points, and is defined in Exhibit II. G. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the average aggregate account value for the reporting month. This value shall be applied to the annualized EPB reinsurance premium rates per premium class on a 1/12th basis. The total EPB Cession Premium due for the month is the sum of the premiums calculated for each premium class. SPOUSAL CONTINUANCES Spousal Continuances -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, as described in Schedule A, at time of continuance, and shall be deemed to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The new reinsurance premium rate applied shall be based off the attained age of the surviving spouse at the time of election of spousal continuance. After the termination of this Agreement for new cessions, a spousal continuation of a Reinsured Contract may be ceded to this Agreement in accordance with the procedure set forth in Article I, Paragraph D. GMIB ----D. I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed in terms of basis points, as set forth in Exhibit II, and shall be calculated on an aggregate basis. J. The Cedent shall calculate the Reinsurer's Percentage of the greater of the average aggregate IBB value and the average aggregate account value for the reporting month. This value shall be applied to the annualized GMIB cession premium rates on a 1/12th basis.

Reinsurance Premiums. A. 1. The total Reinsurance Premium premium for each Covered Policy reinsured pursuant to this Agreement will be: (a) the business ceded hereunder is quota share shown on Schedule A; multiplied by (b) the sum of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of which is defined separately in this article. B. The Reinsurance Premium rates and structure described above are subject to change reinsurance premium rate calculated in accordance with the criteria described in Article XV. GMDB AND EPB ------------ C. The total GMDB Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit II. E. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value shall be Schedule B applied to the GMDB Cession Premium rates per premium class on a 1/12th basis. EPB CESSION PREMIUM ------------------- F. The EPB net amount at risk (hereinafter, the "Reinsurance Premium is an asset-based premium rate, expressed in terms of basis points, and is defined in Exhibit IIPremium"). G. The Cedent shall calculate, for each premium class2. For technical reasons relating to the uncertain status of deficiency reserve requirements, the Reinsurer's Percentage of the average aggregate account value for the reporting month. This value shall be applied to the annualized EPB reinsurance premium rates per premium class shown in Schedule B cannot be guaranteed for more than one year. However, Reinsurer anticipates continuing to accept premiums on a 1/12th basis. The total EPB Cession Premium due for the month is the sum basis of the premiums calculated for each reinsurance premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, rates as described in Schedule A, at time of continuance, and shall be deemed B for reinsurance ceded. If Reinsurer deems it necessary to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The new increase reinsurance premium rates, such increased rates shall not be higher than the valuation net premiums for yearly renewable term insurance calculated using the minimum statutory mortality rates and maximum statutory interest rate applied for each year of issue. 3. Reinsurer shall notify Cedent of its intention to change the reinsurance premium rates by giving ninety (90) days written notice. Reinsurer and Cedent will have this ninety (90) day period to negotiate a change in the rates. Any rate change that is agreed to will take effect at the end of this period. Should no agreement be based off reached by the attained age end of this period, Cedent shall have the right to terminate this Agreement and recapture all or part of the surviving spouse at the time of election of spousal continuance. After the termination of reinsurance ceded under this Agreement for new cessionsby providing ninety (90) days written notice of termination. During the ninety (90) day termination notice period, a spousal continuation of a Reinsured Contract may be ceded to this Agreement in accordance with the procedure set forth in Article I, Paragraph D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed in terms of basis points, as set forth in Exhibit II, and premiums shall be calculated based on the current premium rate. With respect to any notice given under this Paragraph, the day the notice is deposited in the mail addressed to the home office or to an aggregate basis. J. The Cedent shall calculate the Reinsurer's Percentage officer of the greater party receiving such notice will be the first day of the average aggregate IBB value and the average aggregate account value for the reporting month. This value shall be applied to the annualized GMIB cession premium rates on a 1/12th basisninety (90) day period.

Reinsurance Premiums. A. The total Reinsurance Premium (a) As consideration for the reinsurance provided and the business ceded hereunder is under this Agreement, Ceding Company will pay Reinsurer reinsurance premiums based on the sum of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of which is defined separately in this article. B. The Reinsurance Premium rates and structure described above are subject to change in accordance with the criteria described in Article XV. GMDB AND EPB ------------ C. The total GMDB Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit II. E. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value shall be applied to the GMDB Cession Premium rates per premium class on a 1/12th basis. EPB CESSION PREMIUM ------------------- F. The EPB Reinsurance Premium is an asset-based premium rate, expressed in terms of basis points, and is defined in Exhibit II. G. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the average aggregate account value for the reporting month. This value shall be applied to the annualized EPB reinsurance premium rates per premium class on a 1/12th basis. The total EPB Cession Premium due for the month is the sum of the premiums calculated for each premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, as described in Schedule A, at time of continuance, and shall be deemed to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The new reinsurance premium rate applied shall be based off the attained age of the surviving spouse at the time of election of spousal continuance. After the termination of this Agreement for new cessions, a spousal continuation of a Reinsured Contract may be ceded to this Agreement in accordance with the procedure set forth in Article I, Paragraph D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed in terms of basis points, as set forth in Exhibit IIC. (b) The reinsurance premium rates set forth in Exhibit C are guaranteed for one (1) year from the effective date of this Agreement. In addition, new reinsurance premium rates for plans or plan codes added by amendment shall be guaranteed for one (1) year from the amendment’s effective date. In the second year and later following each such one-year guarantee period, the Reinsurer reserves the right, upon ninety (90) days’ prior written notice to Ceding Company, to increase the reinsurance premium rates provided hereunder, but not above one twelfth (1/12) multiplied by the statutory net YRT premium rates based on the applicable statutory minimum valuation mortality table and statutory maximum valuation interest rate in effect at the time each Insurance Policy was issued. In addition, Reinsurer agrees not to raise reinsurance premium rates in the second year and later following each such one-year guarantee period unless Reinsurer contemporaneously raises reinsurance premium rates by a proportionate amount (i.e., a percentage equal to or greater than the percentage increase in the reinsurance premium rates provided hereunder) on all business with similar characteristics. For purposes of Section 2.5 (b), “business with similar characteristics” is defined as [fully underwritten] universal life business issued by any insurer (i) that is issued during the time period between the treaty effective date and the termination date, (ii) that is reinsured by the Reinsurer on a monthly renewable term (MRT) or yearly renewable term (YRT) basis, and shall be calculated on an aggregate basis(iii) for which the Reinsurer has the right to increase reinsurance premium rates. J. The Cedent shall calculate (c) If the Reinsurer's Percentage of the greater of the average aggregate IBB value and the average aggregate account value for the reporting month. This value shall be applied Reinsurer delivers written notice to the annualized GMIB cession Ceding Company stating that it is exercising its right to increase reinsurance premium rates on any block of in-force Insurance Policies reinsured under this Agreement pursuant to Section 2.5(b), Ceding Company may recapture without payment of a 1/12th basisrecapture fee to Reinsurer the affected block of Insurance Policies on written notice to Reinsurer, notwithstanding anything under this Agreement restricting recapture. Each such recaptured Insurance Policy will be recaptured on the first date that reinsurance premium is due on such Insurance Policy following the expiration of such ninety (90) day notice period. Upon recapture, Reinsurer will transfer to Ceding Company cash or admitted invested assets having a fair market value equal to the statutory reserve credit taken by Ceding Company as of the calendar quarter end immediately preceding the recapture date in connection with the liability being recaptured. (d) Any increase in reinsurance premium rates on any block of in-force Insurance Policies shall take effect on the first date that reinsurance premium is due for each such Insurance Policy following expiration of the one-year guarantee period set forth in Section 2.5(b) and such ninety (90) day notice period, subject to Section 2.5(b).

Reinsurance Premiums. A. The total Reinsurance Premium for the business ceded hereunder is the sum premiums will be Age Last Birthday based, and paid on an annual in advance basis regardless of the GMDB Reinsurance Premium, policyholder premium frequency. The premiums due will be paid no later than 30 days after the EPB Reinsurance Premium and end of each calendar month. Payment of reinsurance premiums is a condition precedent to the GMIB Reinsurance Premium, each liability of which is defined separately in this articlethe Reinsurer for reinsurance hereunder. Substandard table rated reinsurance premiums will equal base premiums increased by the policy’s substandard table multiple rating. Substandard Flat Extra reinsurance premiums will equal that of the underlying policy. B. The Reinsurance Premium rates If reinsurance is reduced, terminated, or increased by reinstatement or otherwise, pro-rata adjustment shall be made by CEDING COMPANY and structure described above are subject to change in accordance with the criteria described in Article XV. GMDB AND EPB ------------REINSURER on all premium items. C. The total GMDB Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit II. E. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value premiums shall be applied to the GMDB Cession Premium rates per premium class on a 1/12th basis. EPB CESSION PREMIUM ------------------- F. The EPB Reinsurance Premium is an asset-based premium rate, expressed in terms of basis points, and is defined in Exhibit II. G. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the average aggregate account value for the reporting month. This value shall be applied to the annualized EPB reinsurance premium rates per premium class on a 1/12th basis. The total EPB Cession Premium due for the month is the sum of the premiums calculated for each premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, as described in Schedule A, at time of continuance, and shall be deemed to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The new reinsurance premium rate applied shall be based off the attained age of the surviving spouse at the time of election of spousal continuance. After the termination of this Agreement for new cessions, a spousal continuation of a Reinsured Contract may be ceded to this Agreement payable monthly in accordance with the procedure set forth described in Article I, Paragraph VI. D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed rates under this Agreement are on a Yearly Renewable Term basis covering the products shown in terms of basis pointsSchedule A. Reinsurance rates, as set forth in Exhibit III, equal the 75-80 Select and Ultimate, Sex Distinct Tables including the Manulife Older Age Extensions multiplied by the appropriate Pay Percents. E. The maximum reinsurance premium rates which may be charged by the REINSURER shall be calculated on the statutory valuation premiums for yearly renewable term insurance at the maximum interest rates and minimum mortality rates applicable to the reinsured policies for each year of issue as prescribed by law. The REINSURER may increase rates at anytime after the first policy duration but only if (i) the CEDING COMPANY has implemented an aggregate basis. J. The Cedent shall calculate increase to the Reinsurer's Percentage underlying non-guaranteed elements of the greater insured policies or (ii) if the REINSURER increases its reinsurance rates for it’s entire class of assumed Similar YRT Business. In either case, if the average aggregate IBB value increase in YRT rates does not coincide with an increase in direct non-guaranteed policy rates by the CEDING COMPANY, then the CEDING COMPANY shall have the right to recapture any business affected by such rate change increase. Similar YRT Business is defined as permanent life business issued and the average aggregate account value for the reporting month. This value shall be applied to the annualized GMIB cession premium rates assumed during a similar era of time, fully underwritten and reinsured by REINSURER on a 1/12th YRT basis.. Any rate increase applicable to in-force business by the REINSURER where such increase does not coincide with an increase in direct non-guaranteed policy rates by the CEDING COMPANY must be on a comparable basis for all Similar YRT Business assumed by REINSURER In any event, REINSURER may not increase rates for either new or existing business until it has given one hundred eighty (180) days advance written notice to CEDING COMPANY. REINSURER’s rate increase or CEDING COMPANY’s recapture, as applicable, shall take effect on the anniversary of each policy affected by the rate increase, covered by this Agreement following the aforementioned one hundred eighty (180) day notice period. FNWL Agreement No. 07-003a-TL Page 8 Coverage Effective 9-01-08

Reinsurance Premiums. A. The total Reinsurance Premium for the business ceded hereunder reinsurance premium rate is the sum of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of a flat asset-based premium rate which is defined separately applied to the average aggregate account value in this articleforce over the reporting period multiplied by the quota share percentage reinsured by the REINSURER. The reporting period is monthly. B. The Reinsurance Premium rates annualized reinsurance premium rate is shown in Exhibit I and structure described above are subject to change in accordance with the criteria described in Article XV. GMDB AND EPB ------------ C. The total GMDB Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit II. E. The Cedent shall calculatepoints. In practice, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value it shall be applied on a monthly basis by utilizing one-twelfth (1/12th) of the annualized rate. C. The total reinsurance premium due and payable in the first month shall at least equal [*]. Thereafter, the minimum reinsurance premium that is due and payable shall increase by [*] for each month after the first month until it reaches [*] six months after the Effective Date of this Agreement. The total reinsurance premium that is due and payable in any month thereafter shall at least be [*]. The minimum reinsurance premium applies in aggregate to the GMDB Cession Premium rates per premium class on a 1/12th basisbusiness reinsured with the REINSURER by the CEDING COMPANY under this Agreement and by the CEDING COMPANY's affiliates, First Ameritas Life Insurance Corporation of New York and Acacia National Life Insurance Company, under the Agreements known as No. EPB CESSION PREMIUM ------------------- F. The EPB Reinsurance Premium is an asset2001-based premium rate38 and No. 2001-43, expressed in terms of basis points, and is defined in Exhibit IIrespectively. G. The Cedent shall calculateD. For Spousal Continuances, for each premium class, the Reinsurer's Percentage of the average aggregate account value for the reporting month. This value shall be applied to the annualized EPB reinsurance premium rates per premium class on a 1/12th basis. The total EPB Cession Premium due for the month is the sum of the premiums calculated for each premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, shall apply as described in Schedule A, at time of continuance, and shall this Article V. Should these rates be deemed to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The age-based then the new reinsurance premium rate applied for spousal continuances shall be based off the attained age of the surviving spouse at the time of election of spousal continuance. After the termination new business facility expires, as described under Article XX, the REINSURER reserves the right to declare new rates. E. The reinsurance premium structure described above shall remain in effect as long as the death benefit design, contract fees, mortality and expense charges, administration fees and surrender charges in effect at the inception of this Agreement for new cessions, a spousal continuation of a Reinsured Contract may be ceded to this Agreement in accordance with the procedure set forth in Article I, Paragraph D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed in terms of basis points, as set forth in Exhibit II, and shall be calculated on an aggregate basisremain unchanged. J. The Cedent shall calculate the Reinsurer's Percentage of the greater of the average aggregate IBB value and the average aggregate account value for the reporting month. This value shall be applied to the annualized GMIB cession premium rates on a 1/12th basis.

Reinsurance Premiums. A. 1. The total Reinsurance Premium premium for each Covered Policy reinsured pursuant to this Agreement will be: (a) the business ceded hereunder is quota share shown on Schedule A; multiplied by (b) the sum of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of which is defined separately in this article. B. The Reinsurance Premium rates and structure described above are subject to change reinsurance premium rate calculated in accordance with the criteria described in Article XV. GMDB AND EPB ------------ C. The total GMDB Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit II. E. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value shall be Schedule B applied to the GMDB Cession Premium rates per premium class on a 1/12th basis. EPB CESSION PREMIUM ------------------- F. The EPB net amount at risk (hereinafter, the "Reinsurance Premium is an asset-based premium rate, expressed in terms of basis points, and is defined in Exhibit IIPremium"). G. The Cedent shall calculate, for each premium class2. For technical reasons relating to the uncertain status of deficiency reserve requirements, the Reinsurer's Percentage of the average aggregate account value for the reporting month. This value shall be applied to the annualized EPB reinsurance premium rates per premium class shown in Schedule B cannot be NYLIAC ADVANCED MARKET REINSURANCE AGREEMENT guaranteed for more than one year. However, Reinsurer anticipates continuing to accept premiums on a 1/12th basis. The total EPB Cession Premium due for the month is the sum basis of the premiums calculated for each reinsurance premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, rates as described in Schedule A, at time of continuance, and shall be deemed B for reinsurance ceded. If Reinsurer deems it necessary to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The new increase reinsurance premium rates, such increased rates shall not be higher than the valuation net premiums for yearly renewable term insurance calculated using the minimum statutory mortality rates and maximum statutory interest rate applied for each year of issue. 3. Reinsurer shall notify Cedent of its intention to change the reinsurance premium rates by giving ninety (90) days written notice. Reinsurer and Cedent will have this ninety (90) day period to negotiate a change in the rates. Any rate change that is agreed to will take effect at the end of this period. Should no agreement be based off reached by the attained age end of this period, Cedent shall have the right to terminate this Agreement and recapture all or part of the surviving spouse at the time of election of spousal continuance. After the termination of reinsurance ceded under this Agreement for new cessionsby providing ninety (90) days written notice of termination. During the ninety (90) day termination notice period, a spousal continuation of a Reinsured Contract may be ceded to this Agreement in accordance with the procedure set forth in Article I, Paragraph D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed in terms of basis points, as set forth in Exhibit II, and premiums shall be calculated based on the current premium rate. With respect to any notice given under this Paragraph, the day the notice is deposited in the mail addressed to the home office or to an aggregate basis. J. The Cedent shall calculate the Reinsurer's Percentage officer of the greater party receiving such notice will be the first day of the average aggregate IBB value and the average aggregate account value for the reporting month. This value shall be applied to the annualized GMIB cession premium rates on a 1/12th basisninety (90) day period.

Reinsurance Premiums. A. 1. The total Reinsurance Premium premium for each Covered Policy reinsured pursuant to this Agreement will be: (a) the business ceded hereunder is quota share shown on Schedule A; multiplied by (b) the sum of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of which is defined separately in this article. B. The Reinsurance Premium rates and structure described above are subject to change reinsurance premium rate calculated in accordance with the criteria described in Article XV. GMDB AND EPB ------------ C. The total GMDB Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit II. E. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value shall be Schedule B applied to the GMDB Cession Premium rates per premium class on a 1/12th basis. EPB CESSION PREMIUM ------------------- F. The EPB net amount at risk (hereinafter, the "Reinsurance Premium is an asset-based premium rate, expressed in terms of basis points, and is defined in Exhibit IIPremium"). G. The Cedent shall calculate, for each premium class2. For technical reasons relating to the uncertain status of deficiency reserve requirements, the Reinsurer's Percentage of the average aggregate account value for the reporting month. This value shall be applied to the annualized EPB reinsurance premium rates per premium class shown in Schedule B cannot be guaranteed for more than one year. However, Reinsurer anticipates continuing to accept premiums on a 1/12th basis. The total EPB Cession Premium due for the month is the sum basis of the premiums calculated for each reinsurance premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, rates as described in Schedule AB for reinsurance ceded. If Reinsurer deems it necessary to increase reinsurance premium rates, at time such increased rates shall not be higher than the valuation net premiums for yearly renewable term insurance calculated using the minimum statutory mortality rates and maximum statutory interest rate for each year of continuanceissue. 3. For the reinsurance of new business, and Reinsurer may change the reinsurance premium rates following a ninety (90) day prior written notice. For the reinsurance of in force business, Reinsurer may increase the reinsurance premium rates in the event Cedent increases its mortality rates charged the policyholder. The maximum reinsurance premium rates shall be deemed to be terminations followed by subsequent new issues the greater of (1) the statutory valuation premiums for purposes yearly renewable term insurance at the maximum interest rates and minimum mortality rates for each year of calculating Reinsurance Premiums. The new issue; or (2) the then current reinsurance premium rate applied rates. Any increases in the reinsurance premium rates shall be based off the attained age apply as of the surviving spouse at same date Cedent increases its rates charged its policyholders. Cedent may immediately recapture all of the time policies for which the overall percentage increase in reinsurance NYLIAC 2001 COLI REINSURANCE AGREEMENT premium rates is greater than the overall percentage increase in the rates charged the policyholder. Cedent agrees to give Reinsurer prior written notice of election of spousal continuance. After any intent to increase its rates charged the termination of this Agreement policyholder for new cessionsor existing business. With respect to any notice given under this Paragraph, a spousal continuation of a Reinsured Contract may be ceded the day the notice is deposited in the mail addressed to this Agreement in accordance with the procedure set forth in Article I, Paragraph D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is home office or to an asset-based premium rate, expressed in terms of basis points, as set forth in Exhibit II, and shall be calculated on an aggregate basis. J. The Cedent shall calculate the Reinsurer's Percentage officer of the greater party receiving such notice will be the first day of the average aggregate IBB value and the average aggregate account value for the reporting month. This value shall be applied to the annualized GMIB cession premium rates on a 1/12th basissuch notice period.

Reinsurance Premiums. A. The total Reinsurance Premium Life reinsurance shall be on the yearly renewable term basis for the business ceded hereunder is the sum net amount at risk (death benefit less cash value or fund value) on that portion of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of policy which is defined separately reinsured by the Reinsurer. Premiums and allowances shall be based on the rates specified in this articleExhibit IV. B. The Reinsurance Premium rates and structure described above are subject to change in accordance with Reinsurer shall not indemnify the criteria described in Article XVCeding Company for premium taxes or guaranty fund assessments. GMDB AND EPB ------------In the event that the Reinsurer becomes an alien company, the Reinsurer shall reimburse the Ceding Company for any federal excise tax payable on business ceded under this Agreement. C. The total GMDB Reinsurance Premium Ceding Company shall report and pay reinsurance premiums on an annual basis in advance without regard to the Policy mode of premium payment. D. For technical reasons relating to statutory reserve requirements, the YRT rates described in Exhibit IV cannot be guaranteed for more than one year. The Reinsurer anticipates continuing to accept premiums on the basis of the YRT rates described in Exhibit IV. The guaranteed reinsurance premium for each age and duration shall be the higher of the premium based on the reinsurance rates shown in Exhibit IV or the premium based on the statutory minimum valuation mortality table, as specified in Exhibit III, and the statutory maximum valuation interest rate permitted for the business ceded hereunder is underlying Policy under the sum National Association of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit IIInsurance Commissioners' Standard Valuation Law. E. During the fifteen (15) years following the issue date of the original Policy, the Reinsurer may increase the YRT rates only due to actual mortality experience poorer than originally priced for on this business and all similar business and only if the Reinsurer also concurrently increases the reinsurance rates on all similar business by a like amount. Similar business would include all reinsurance assumed on fully underwritten products issued in the five (5) years prior or subsequent to the effective date of the Agreement where the Reinsurer has the right to raise rates. Notwithstanding the above, if the Ceding Company increases it's charges to the Policyholder based on changes in actual or expected mortality, the Reinsurer may increase rates on this Agreement on a consistent basis. The Cedent Reinsurer shall calculateprovide one hundred and eighty (180) days written notice prior to any increase in YRT rates taking effect. Should the Reinsurer at any time be required to establish or maintain any additional reserves, for each premium classincluding deficiency reserves, on the inforce business ceded under this Agreement by the insurance regulatory authority in its state of domicile by virtue of the assurances provided above, upon the Reinsurer's Percentage of written notice to the greater of Ceding Company, this Section E will be modified and amended as mutually agreed upon by the average aggregate GMDB value Ceding Company and Reinsurer to eliminate any additional reserves, including deficiency reserves, on the inforce business ceded under this Agreement. If, after thirty (30) days following this notice, this Section E language cannot be agreed to by the Ceding Company and the average aggregate account value for Reinsurer, the reporting month. This value shall first paragraph of this Section E will be applied to the GMDB Cession Premium rates per premium class on a 1/12th basis. EPB CESSION PREMIUM -------------------deleted without any further formalities or actions. F. The EPB Reinsurance Premium is an asset-based For Policies that terminate, reduce or change, the Reinsurer shall refund any unearned reinsurance premium rate, expressed in terms net of basis points, and is defined in Exhibit IIany allowances. G. The Cedent shall calculate, for each premium classFor Policies that are reinstated after coverage has ceased, the Reinsurer's Percentage Ceding Company shall pay to the Reinsurer reinsurance premiums net of the average aggregate account value any allowances for the reporting month. This value shall be applied to period for which the annualized EPB reinsurance premium rates per premium class on a 1/12th basis. The total EPB Cession Premium due for the month is the sum of the Ceding Company received Policy premiums calculated for each premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, as described in Schedule A, at time of continuance, and shall be deemed to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The new reinsurance premium rate applied shall be based off the attained age of the surviving spouse at the time of election of spousal continuance. After the termination of this Agreement for new cessions, a spousal continuation of a Reinsured Contract may be ceded to this Agreement in accordance with the procedure set forth in Article I, Paragraph D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed in terms of basis points, as set forth in Exhibit II, and shall be calculated on an aggregate basisarrears. J. The Cedent shall calculate the Reinsurer's Percentage of the greater of the average aggregate IBB value and the average aggregate account value for the reporting month. This value shall be applied to the annualized GMIB cession premium rates on a 1/12th basis.

Reinsurance Premiums. A. The total Reinsurance Premium Life reinsurance shall be on the yearly renewable term basis for the business ceded hereunder is the sum net amount at risk (death benefit less reserve or fund value) on that portion of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of policy which is defined separately reinsured by the Reinsurer. Premiums and allowances shall be based on the rates specified in this articleExhibit IV. B. The Reinsurance Premium rates and structure described above are subject to change in accordance with Reinsurer shall not indemnify the criteria described in Article XV. GMDB AND EPB ------------Ceding Company for premium taxes or guaranty fund assessments. C. The total GMDB Reinsurance Premium Ceding Company shall report and pay reinsurance premiums on an annual basis in advance without regard to the Policy mode of premium payment. D. For technical reasons relating to statutory reserve requirements, the YRT rates described in Exhibit IV cannot be guaranteed for more than one year. The Reinsurer anticipates continuing to accept premiums on the basis of the YRT rates described in Exhibit IV. The guaranteed reinsurance premium for each age and duration shall be the higher of the premium based on the reinsurance rates shown in Exhibit IV and the premium based on the statutory minimum valuation mortality table and the statutory maximum valuation interest rate permitted for the business ceded hereunder is underlying Policy under the sum National Association of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit IIInsurance Commissioners' Standard Valuation Law. E. The Cedent In no event shall calculatethe Reinsurer increase the reinsurance rates on inforce business ceded under this Agreement unless it also concurrently increases the reinsurance rates for all of its YRT reinsurance assumed individual life insurance business. F. Reinsurance premiums on Policies that terminate, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value reduce or change shall be applied to based on the GMDB Cession Premium rates per premium class exact number of days of coverage, on a 1/12th 360-day year basis. EPB CESSION PREMIUM ------------------- F. The EPB Reinsurance Premium is an asset-based premium rate, expressed in terms of basis points, and is defined in Exhibit IIReinsurer shall refund any unearned reinsurance premium. G. The Cedent shall calculate, for each premium classFor Policies that are reinstated after coverage has ceased, the Reinsurer's Percentage of Ceding Company shall pay to the average aggregate account value Reinsurer reinsurance premiums for the reporting month. This value shall be applied to period for which the annualized EPB reinsurance premium rates per premium class on a 1/12th basis. The total EPB Cession Premium due for the month is the sum of the Ceding Company received Policy premiums calculated for each premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, as described in Schedule A, at time of continuance, and shall be deemed to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The new reinsurance premium rate applied shall be based off the attained age of the surviving spouse at the time of election of spousal continuance. After the termination of this Agreement for new cessions, a spousal continuation of a Reinsured Contract may be ceded to this Agreement in accordance with the procedure set forth in Article I, Paragraph D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed in terms of basis points, as set forth in Exhibit II, and shall be calculated on an aggregate basisarrears. J. The Cedent shall calculate the Reinsurer's Percentage of the greater of the average aggregate IBB value and the average aggregate account value for the reporting month. This value shall be applied to the annualized GMIB cession premium rates on a 1/12th basis.

Reinsurance Premiums. A. 1. The total Reinsurance Premium premium for each Covered Policy reinsured pursuant to this Agreement will be: (a) the business ceded hereunder is quota share shown on Schedule A; multiplied by (b) the sum of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of which is defined separately in this article. B. The Reinsurance Premium rates and structure described above are subject to change reinsurance premium rate calculated in accordance with the criteria described in Article XV. GMDB AND EPB ------------ C. The total GMDB Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit II. E. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value shall be Schedule B applied to the GMDB Cession Premium rates per premium class on a 1/12th basis. EPB CESSION PREMIUM ------------------- F. The EPB net amount at risk (hereinafter, the "Reinsurance Premium is an asset-based premium rate, expressed in terms of basis points, and is defined in Exhibit IIPremium"). G. The Cedent shall calculate, for each premium class2. For technical reasons relating to the uncertain status of deficiency reserve requirements, the Reinsurer's Percentage of the average aggregate account value for the reporting month. This value shall be applied to the annualized EPB reinsurance premium rates per premium class shown in Schedule B cannot be SVUL / SUL Reinsurance Agreement guaranteed for more than one year. However, Reinsurer anticipates continuing to accept premiums on a 1/12th basis. The total EPB Cession Premium due for the month is the sum basis of the premiums calculated for each reinsurance premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, rates as described in Schedule A, at time of continuance, and shall be deemed B for reinsurance ceded. If Reinsurer deems it necessary to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The new increase reinsurance premium rates, such increased rates shall not be higher than the valuation net premiums for yearly renewable term insurance calculated using the minimum statutory mortality rates and maximum statutory interest rate applied for each year of issue. 3. Reinsurer shall notify Cedent of its intention to change the reinsurance premium rates by giving ninety (90) days written notice. Reinsurer and Cedent will have this ninety (90) day period to negotiate a change in the rates. Any rate change that is agreed to will take effect at the end of this period. Should no agreement be based off reached by the attained age end of this period, Cedent shall have the right to terminate this Agreement and recapture all or part of the surviving spouse at the time of election of spousal continuance. After the termination of reinsurance ceded under this Agreement for new cessionsby providing ninety (90) days written notice of termination. During the ninety (90) day termination notice period, a spousal continuation of a Reinsured Contract may be ceded to this Agreement in accordance with the procedure set forth in Article I, Paragraph D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed in terms of basis points, as set forth in Exhibit II, and premiums shall be calculated based on the current premium rate. With respect to any notice given under this Paragraph, the day the notice is deposited in the mail addressed to the home office or to an aggregate basis. J. The Cedent shall calculate the Reinsurer's Percentage officer of the greater party receiving such notice will be the first day of the average aggregate IBB value and the average aggregate account value for the reporting month. This value shall be applied to the annualized GMIB cession premium rates on a 1/12th basisninety (90) day period.

Reinsurance Premiums. A. The total Reinsurance Premium for the business ceded hereunder is the sum premiums will be Age Last Birthday based, and paid on an annual in advance basis regardless of the GMDB Reinsurance Premium, policyholder premium frequency. The premiums due will be paid no later than 30 days after the EPB Reinsurance Premium and end of each calendar month. Payment of reinsurance premiums is a condition precedent to the GMIB Reinsurance Premium, each liability of which is defined separately in this articlethe Reinsurer for reinsurance hereunder. Substandard table rated reinsurance premiums will equal base premiums increased by the policy’s substandard table multiple rating. Substandard Flat Extra reinsurance premiums will equal that of the underlying policy. B. The Reinsurance Premium rates If reinsurance is reduced, terminated, or increased by reinstatement or otherwise, pro-rata adjustment shall be made by CEDING COMPANY and structure described above are subject to change in accordance with the criteria described in Article XV. GMDB AND EPB ------------REINSURER on all premium items. C. The total GMDB Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit II. E. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value premiums shall be applied to the GMDB Cession Premium rates per premium class on a 1/12th basis. EPB CESSION PREMIUM ------------------- F. The EPB Reinsurance Premium is an asset-based premium rate, expressed in terms of basis points, and is defined in Exhibit II. G. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the average aggregate account value for the reporting month. This value shall be applied to the annualized EPB reinsurance premium rates per premium class on a 1/12th basis. The total EPB Cession Premium due for the month is the sum of the premiums calculated for each premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, as described in Schedule A, at time of continuance, and shall be deemed to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The new reinsurance premium rate applied shall be based off the attained age of the surviving spouse at the time of election of spousal continuance. After the termination of this Agreement for new cessions, a spousal continuation of a Reinsured Contract may be ceded to this Agreement payable monthly in accordance with the procedure set forth described in Article I, Paragraph VI. D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed rates under this Agreement are on a Yearly Renewable Term basis covering the products shown in terms of basis pointsSchedule A. Reinsurance rates, as set forth in Exhibit III, equal the 75-80 Select and Ultimate, Sex Distinct Tables including the Manulife Older Age Extensions multiplied by the appropriate Pay Percents. E. The maximum reinsurance premium rates which may be charged by the REINSURER shall be calculated on the statutory valuation premiums for yearly renewable term insurance at the maximum interest rates and mortality rates applicable to the reinsured policies for each year of issue as prescribed by law. The REINSURER may increase rates at anytime after the first policy duration but only if (i) the CEDING COMPANY has implemented an aggregate basis. J. The Cedent shall calculate increase to the Reinsurer's Percentage underlying non-guaranteed elements of the greater insured policies or (ii) if the REINSURER increases its reinsurance rates for it’s entire class of assumed Similar YRT Business. In either case, if the average aggregate IBB value increase in YRT rates does not coincide with an increase in direct non-guaranteed policy rates by the CEDING COMPANY, then the CEDING COMPANY shall have the right to recapture any business affected by such rate change increase. Similar YRT Business is defined as permanent life business issued and the average aggregate account value for the reporting month. This value shall be applied to the annualized GMIB cession premium rates assumed during a similar era of time, fully underwritten and reinsured by REINSURER on a 1/12th YRT basis.. Any rate increase applicable to in-force business by the REINSURER where such increase does not coincide with an increase in direct non-guaranteed policy rates by the CEDING COMPANY must be on a comparable basis for all Similar YRT Business assumed by REINSURER In any event, REINSURER may not increase rates for either new or existing business until it has given one hundred eighty (180) days advance written notice to CEDING COMPANY. REINSURER’s rate increase or CEDING COMPANY’s recapture, as applicable, shall take effect on the anniversary of each policy affected by the rate increase, covered by this Agreement following the aforementioned one hundred eighty (180) day notice period. FNWL Agreement No. 08-004-TL Page 8 Coverage Effective 9-01-08

Reinsurance Premiums. A. The total 7.1 Reinsurance Premium premiums for the business ceded hereunder is the sum of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of which is defined separately in this article. B. The Reinsurance Premium rates and structure described above are subject to change in accordance with the criteria described in Article XV. GMDB AND EPB ------------ C. The total GMDB Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit II. E. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value shall be applied to the GMDB Cession Premium rates per premium class on a 1/12th basis. EPB CESSION PREMIUM ------------------- F. The EPB Reinsurance Premium is an asset-based premium rate, expressed in terms of basis points, and is defined in Exhibit II. G. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the average aggregate account value for the reporting month. This value shall be applied to the annualized EPB reinsurance premium rates per premium class on a 1/12th basis. The total EPB Cession Premium due for the month is the sum of the premiums calculated for each premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered reinsured under this Agreement shall be at the classification specified in Exhibit A, using the appropriate premium schedule shown in Exhibit E. 7.2 Flat extra premiums assessed on policies reinsured under this Agreement shall be coinsured. Pool Reinsurer will pay NML allowances. 7.3 With the exception of certain plans as determined by NML, reinsurance premiums for fixed dollar coverages shall be paid on an annual basis for all reinsured policies newly issued or experiencing anniversary processing dates within a calendar month. In the case of new issues, such premiums are due by the fifteenth (15) day of the month following the first month in which the policy is both issued and paid for. In the case of renewals, such premiums are due by the fifteenth (15) day of the month following the anniversary processing date of the policy. 7.4 For variable coverages and certain fixed-dollar plans (as determined by NML) reinsured under this Agreement, NML shall calculate and pay reinsurance premiums each month for each reinsured policy based on the net amount at risk as of the last working day of the month. Such premiums are due by the fifteenth (15) day of the following month. To offset Pool Reinsurer’s loss of interest because reinsurance premiums are not paid annually in advance, the monthly premium shall be 8.63 percent of the otherwise applicable annual premium. 7.5 NML and Pool Reinsurer anticipate that the premium rates specified in Exhibits A and E for individual reinsured policies will remain in effect so long as those policies are reinsured under this Agreement. Pool Reinsurer guarantees to provide the coverage at rates no higher than the yearly renewable term net premium on the valuation mortality basis of the underlying policies. If Pool Reinsurer does increase the reinsurance premium rates, NML has the right to recapture the coverage immediately at no cost or penalty. 7.6 The payment of net reinsurance premiums due is a condition precedent to the extent that continuing liability of the surviving spouse satisfies Pool Reinsurer under this Agreement. If any reinsurance premium is not paid when due, the issue age restrictions and benefit limitationsPool Reinsurer or Pool Reinsurers to which it is owed may terminate the corresponding reinsurance upon sixty (60) days prior written notice to NML. If all overdue premiums are paid within the notice period, as described in Schedule A, at time of continuance, and the reinsurance will not terminate. 7.7 There shall be deemed no experience refunds paid with respect to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The new reinsurance premium rate applied shall be based off the attained age of the surviving spouse at the time of election of spousal continuance. After the termination of effected under this Agreement for new cessions, a spousal continuation of a Reinsured Contract may be ceded to this Agreement in accordance with the procedure set forth in Article I, Paragraph D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed in terms of basis points, as set forth in Exhibit II, and shall be calculated on an aggregate basisAgreement. J. The Cedent shall calculate the Reinsurer's Percentage of the greater of the average aggregate IBB value and the average aggregate account value for the reporting month. This value shall be applied to the annualized GMIB cession premium rates on a 1/12th basis.

Reinsurance Premiums. A. The total Reinsurance Premium for the business ceded hereunder reinsurance premium rate is the sum of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of a flat asset-based premium rate which is defined separately in this article. B. The Reinsurance Premium rates and structure described above are subject applied to change in accordance with the criteria described in Article XV. GMDB AND EPB ------------ C. The total GMDB Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit II. E. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for in force over the reporting monthperiod multiplied by the quota share percentage reinsured by the REINSURER. This value shall be applied to the GMDB Cession Premium The reporting period is monthly. B. The annualized reinsurance premium rates per premium class on a 1/12th basisare shown in Exhibit I and vary by variable annuity contract type. EPB CESSION PREMIUM ------------------- F. The EPB Reinsurance Premium is an asset-based premium rate, rates are expressed in terms of basis points. In practice, and is defined in Exhibit II. G. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the average aggregate account value for the reporting month. This value they shall be applied on a monthly basis by utilizing one-twelfth (1/12th)-of the annualized rates. C. The total reinsurance premium due and payable in the first month shall at least equal [*]. Thereafter, the minimum reinsurance premium that is due and payable shall increase by [*] for each month after the first month until it reaches [*] six months after the Effective Date of this Agreement. The total reinsurance premium that is due and payable in any month thereafter shall at least be [*]. The minimum reinsurance premium applies in aggregate to the annualized EPB business reinsured with the REINSURER by the CEDING COMPANY under this Agreement and by the CEDING COMPANY's affiliates, First Ameritas Life Insurance Corporation of New York and Acacia National Life Insurance Company, under the Agreements known as No. 2001-38 and No. 2001-43, respectively. D. For Spousal Continuances, reinsurance premium rates per premium class on a 1/12th basis. The total EPB Cession Premium due for the month is the sum of the premiums calculated for each premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, shall apply as described in Schedule A, at time of continuance, and shall this Article V. Should these rates be deemed to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The age-based then the new reinsurance premium rate applied for spousal continuances shall be based off the attained age of the surviving spouse at the time of election of spousal continuance. After the termination new business facility expires, as described under Article XX, the REINSURER reserves the right to declare new rates. E. The reinsurance premium structure described above shall remain in effect as long as the death benefit design, contract fees, mortality and expense charges, administration fees and surrender charges in effect at the inception of this Agreement for new cessions, remain unchanged. F. In the event that a spousal continuation GMDB Rider covered under the terms of this Agreement is elected after the issue date of a Reinsured Contract may be ceded to this Agreement contract, in accordance with the procedure terms set forth in Article I, under Paragraph D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed in terms F of basis points, as set forth in Exhibit IISchedule A, and shall be calculated on an aggregate basis. J. The Cedent shall calculate the Reinsurer's Percentage GMDB Rider goes into effect as of the greater original issue date of the average aggregate IBB value and contract instead of as of the average aggregate account value for election date of the reporting monthGMDB Rider, then a true-up of reinsurance premiums will be due. This value shall If the GMDB Rider goes into effect on the date of its election, there will be applied to the annualized GMIB cession premium rates on a 1/12th basis.no true-up of reinsurance premiums. Schedule A Plans of Reinsurance