AMENDMENT V TO THE REINSURANCE AGREEMENT BETWEEN
Exhibit 10.35
AMENDMENT V
TO THE REINSURANCE AGREEMENT
BETWEEN
AMERICAN EQUITY INVESTMENT LIFE INSURANCE COMPANY
(Referred to in this Amendment as the Company)
AND
HANNOVER LIFE REASSURANCE COMPANY OF AMERICA
(Referred to in this Amendment as the Reinsurer)
This Amendment V is to be attached to and made a part of the Automatic YRT Reinsurance Agreement which became effective October 1, 2005. All provisions of the Reinsurance Agreement not in conflict with the provisions of this Amendment V shall remain unchanged.
As of the effective date of this Amendment V, the following shall replace Exhibit B-1 -- Plans Covered in its entirety.
EXHIBIT B-1
PLANS COVERED
This Agreement provides for reinsurance of the Company's Single Premium Deferred Annuities (SPDAs) and Flexible Premium Deferred Annuities (FPDAs), with the plan codes listed below.
All such plans issued and in-force as of the Effective Date of the Agreement and all such plans issued on or after the Effective Date are reinsured under the Agreement.
With respect to plans reinsured with EquiTrust Life Insurance Company or Athene Life Re Ltd. as of the Effective Date of this Agreement, the Agreement provides reinsurance on the portion of such plans not reinsured with EquiTrust Life Insurance Company or Athene Life Re Ltd.
With respect to the IDX-RG-09, IDXRG-09IN, INDEX-2-09, FX-RG-09, FXRG-2-09, IDX-2-09IN, I-2-09LB10, I209LB10FL, I-209LBIN, I209TXLB10, IDX-2-09TX, and I-RG09LB10 plans:
1. | The term "surrender charge" as used throughout this Agreement shall mean the combined effect of the contractually defined surrender charge and the bonus vesting schedule. The resulting surrender charge percentages are level within each contract year. |
2. | Contracts with bonus percentages over 12% will not be reinsured under this Agreement unless the Company obtains prior written approval from the Reinsurer. |
AUTOMATIC YRT
HA-AEIL-05
November 18, 2010 AMENDMENT V
Plan Codes | ||||
ACCUMULATOR | FPDA-3 | I-2001TX | INDEX-10 | INDEX-6TX |
BN PROCEED | FPDA3 2.25 | I-2001TX-5 | INDEX-1-05 | INDEX-8 |
BRAVO | FPDA-3 7.3 | I-2002 | INDEX-12 | INDEXP3 |
BRAVO 2003 | FPDA-3 REV | I-2002 REV | INDEX-13 | INDEXP3FL |
CUMULATOR | XXXX-0XX | X-0-00XX00 | INDEX-15 | INDEXP3-PA |
X-0XXXXX | XXXX-0XX | X-000XX00XX | INDEX-16 | INDEXP3TX |
F-3INREV | FPDA-3TX | I-209LBIN | INDEX-17 | INDEX-T03 |
F-3REVTX | FPDA-4 | I209TXLB10 | INDEX-18 | XXXX-0 |
XXX00XXXXX | XXXX-0XX | I-25 (REV) | INDEX-19 | INDX-I |
FPD22.25IN | FPDA-4SNF | I-27 (REV) | INDEX-2 | INDX-IIN |
FPD32.25IN | FPDA-5 | I-27REV IN | INDEX-2-06 | INDX-IPA |
FPD72.25IN | FPDA5 2.25 | I-27REV KY | INDEX-2-09 | INDX-ITX |
FPD82.25IN | FPDA5225IN | I-29 (REV) | INDEX-22 | X-XX00XX00 |
XXXX-0 | XXXX-0XX | IDX-105ELB | INDEX-23 | IX107ELFL |
FPDA-1(3%) | FPDA-5PLUS | IDX-1-05IN | INDEX-24 | IX107LBFL |
XXXX-00 | XXXX-0 | XXX-0-00XX | INDEX-25 | S-7TXREV |
FPDA-10IL | FPDA-6FL | IDX-1-05SC | INDEX-25WA | SNF ACC55 |
FPDA-2TX | FPDA-6TX | IDX-1-07ELB | INDEX-26 | SNF ACCUM |
XXXX-00XX | XXXX-0 | XXX-0-00XX | INDEX-27 | XXXX-0 |
XXXX-00XX | XXXX0 2.25 | IDX-1-07LB | INDEX-27IN | XXXX-0(0%) |
XXXX-00XXX | XXXX-0 | IDX-2-09IN | INDEX-28 | XXXX-0XX |
XXXX-00XX | XXXX0 2.25 | IDX-2-09TX | INDEX-28IN | XXXX-0XXXX |
XXXX-00XX | XXXX-XX0 | IDX-26 7.5 | INDEX-28KY | SPDA-1SNF |
FPDA-10WA | GFIR | IDX-28ELB | INDEX-29 | SPDA-1UT |
FPDA-11 | GFIR2-3 | IDX-28LB | INDEX-30 | XXXX-0 |
XXXX-00XXX | XXXX-0 | XXX-00XX | INDEX-3-05 | XXXX-0(0%) |
XXXX-00XX | X-0-00XX00 | IDX-405ELB | INDEX-30IN | XXXX-0XX |
XXXX-00 | X-0-00XX00 | XXX-0-00XX | INDEX-30KY | XXXX-0XXX |
XXXX-0XX | X000XX00XX | IDX-4-05TX | INDEX-4 | SPDA-5 |
FPDA-1SNF | I-19 (REV) | IDX-6-05-1 | XXXXX-0-00 | XXXXXXX |
XXXX-0 | X-00 REV7 | IDX-RG-09 | INDEX-5 | SUPER-7 |
FPDA2 2.25 | I-2000 | IDXRG-09IN | INDEX-5-05 | SUPER-7REV |
XXXX0-0000 | X-0000XX | INDEX | INDEX-6 | SUPER-7TX |
XXXX-0XXXX | X-0000XX-0 | INDEX 1-07 | INDEX-6-05 | SUPR7 2.25 |
INDEX-6SNF | I-2001 | INDEX-1 | FX-RG-09 | SUPR7225IN |
FXRG-2-09 | ||||
AUTOMATIC YRT
HA-AEIL-05
November 18, 2010 AMENDMENT V
EXECUTION
In witness of the above, this Amendment V is signed in duplicate at the dates and places indicated with an effective date of October 1, 2010.
HANNOVER LIFE REASSURANCE COMPANY OF AMERICA | AMERICAN EQUITY INVESTMENT LIFE INSURANCE COMPANY |
ORLANDO, FLORIDA | WEST DES MOINES, IOWA |
DATE: NOVEMBER 18, 2010 | DATE: NOVEMBER 18, 2010 |
BY: /S/ XXXX XXXX | BY: /S/ XXXXXX X. XXXXXX |
TITLE: EVP | TITLE: VP, CORPORATE ACTUARY |
BY: /S/ XXXXX XXXXXX | BY: /S/ XXXXXXXXX XXXXX |
TITLE: EVP | TITLE: AVP |
