Exhibit (g)(32)
AMENDMENT
to the Automatic and Facultative Reinsurance Agreement (the "Agreement")
effective April 29, 1999, between
IDS LIFE INSURANCE COMPANY OF MINNEAPOLIS, MINNESOTA
(hereinafter referred to as "CEDING COMPANY")
and
[NAME OF REINSURANCE COMPANY] of [city and state of reinsurance company]
(hereinafter referred to as "REINSURER")
THIS AMENDMENT IS EFFECTIVE JANUARY 1, 2001
1. Schedule B, Reinsurance Premiums - Yearly Renewable Term Basis is hereby
revised and replaced with the attached Schedule B, Reinsurance Premiums -
Yearly Renewable Term Basis (Effective January 1, 2001), which shows
revised allowances applicable to base policies and Other Insured Riders
with issue dates on or after January 1, 2001. This Amendment does not
revise the ALB Annual Cost of Insurance Rates attached as part of
Schedule B.
2. All provisions of the Agreement not specifically modified herein remain
unchanged.
In witness of the above, CEDING COMPANY and REINSURER have by their respective
officers executed and delivered this Amendment in duplicate on the dates
indicated below.
IDS LIFE
INSURANCE COMPANY [NAME OF REINSURANCE COMPANY]
By: /s/ Xxxxx X. Xxxxxx By: [signature]
--------------------------------
Title: Reinsurance Actuary Title:[title]
Date: 11/13/2000 Date: November 30, 2000
By: /s/ Xxxxxxx X. Xxxxxxxx By: [signature]
--------------------------------
Title: EVP - Risk Management Products Title:[title]
Date: 11/13/2000 Date: 12/8/00
SCHEDULE B
REINSURANCE PREMIUMS - YEARLY RENEWABLE TERM BASIS
(EFFECTIVE JANUARY 1, 2001)
1. LIFE INSURANCE:
a. For base policies and Other Insured Riders with issue dates before
January 1, 2001, the standard annual reinsurance premium rates per
$1000 of Reinsurance Risk Amount are the net of the ALB Annual Cost
of Insurance (COI) rates attached to this Schedule B and the
following allowances:
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Years Preferred Std Non-Tobacco Tobacco
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1 [percentage] [percentage] [percentage]
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2-10 [percentage] [percentage] [percentage]
------------------------------------------------------------------
11+ [percentage] [percentage] [percentage]
------------------------------------------------------------------
b. For base policies and Other Insured Riders with issue dates on or
after January 1, 2001, the standard annual reinsurance premium
rates per $1000 of Reinsurance Risk Amount are the net of the ALB
Annual Cost of Insurance (COI) rates attached to this Schedule B
and the following allowances:
------------------------------------------------------------------
Years Preferred Std Non-Tobacco Tobacco
------------------------------------------------------------------
1-10 [percentage] [percentage] [percentage]
------------------------------------------------------------------
11+ [percentage] [percentage] [percentage]
------------------------------------------------------------------
c. Where a substandard table rating is applied, the standard annual
reinsurance premium rate will be increased by [percentage] per
table.
d. Flat Extra reinsurance premiums are the following percentages of
such premiums charged the insured:
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Permanent flat extra premiums (for more than 5 years duration)
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First Year [percentage]
------------------------------------------------------------------
Renewal Years [percentage]
------------------------------------------------------------------
------------------------------------------------------------------
Temporary flat extra premiums (for 5 years or less duration)
------------------------------------------------------------------
All Years [percentage]
------------------------------------------------------------------
e. There will be no reinsurance premium charged for the Automatic
Increasing Benefit Rider.
[redacted] VUL3 (4/29/99)
Amendment Effective 1/1/2001 11/10/2000
SCHEDULE B (EFFECTIVE JANUARY 1, 2001), CONTINUED
2. AGE BASIS:
Age Last Birthday
[redacted] VUL3 (4/29/99)
Amendment Effective 1/1/2001 11/10/2000
