Amendment #1
to the
AUTOMATIC AND FACULTATIVE
YEARLY RENEWABLE TERM REINSURANCE AGREEMENT
EFFECTIVE January 1, 2000
Between
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
(THE COMPANY)
And
SWISS RE LIFE & HEALTH AMERICA INC
(THE REINSURER)
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
====================================================================================
Rating Class of Higher Rated Life
=========================== ====================================================================================
=========================== ========================= ============================= ============================
Issue Age of Older No Substandard Rating Class A - D Class E - H
Insured
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 65 $ 70,000,000 $ 70,000,000 $ 57,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
66 - 70 $ 67,000,000 $ 54,000,000 $ 32,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $ 44,000,000 $ 37,000,000 $ 22,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
76 - 77 $ 27,000,000 $ 22,000,000 $ 15,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
78 - 80 $ 27,000,000 $ 22,000,000 $ 15,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
81 - 85 $ 14,000,000 $ 12,000,000 $ 7,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
86 - 90 $ 7,000,000 $ 6,000,000 $ 3,800,000
=========== =============== ========================= ============================= ============================
US/Canadian Residents - No Foreign Travel - One Smoker
====================================================================================
Rating Class of Higher Rated Life
=========================== ------------------------------------------------------------------------------------
=========================== ========================= ============================= ============================
Issue Age of Older No Substandard Rating Class A - D Class E - H
Insured
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 65 $ 70,000,000 $ 65,000,000 $ 49,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
66 - 70 $ 57,000,000 $ 52,000,000 $ 29,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $ 39,000,000 $ 36,000,000 $ 22,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
76 - 77 $ 25,000,000 $ 22,000,000 $ 15,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
78 - 80 $ 25,000,000 $ 22,000,000 $ 15,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
81 - 85 $ 13,000,000 $ 11,000,000 $ 7,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
86 - 90 $ 6,000,000 $ 5,000,000 $ 2,800,000
=========== =============== ========================= ============================= ============================
US/Canadian Residents - No Foreign Travel - Two Smokers
====================================================================================
Rating Class of Higher Rated Life
=========================== ------------------------------------------------------------------------------------
=========================== ========================= ============================= ============================
Issue Age of Older No Substandard Rating Class A - D Class E - H
Insured
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 65 $ 65,000,000 $ 60,000,000 $ 47,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
66 - 70 $ 52,000,000 $ 47,000,000 $ 28,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $ 35,000,000 $ 34,000,000 $ 22,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
76 - 77 $ 22,000,000 $ 22,000,000 $ 14,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
78 - 80 $ 22,000,000 $ 22,000,000 $ 14,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
81 - 85 $ 11,000,000 $ 10,000,000 $ 6,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
86 - 90 $ 5,000,000 $ 4,000,000 $ 2,800,000
=========== =============== ========================= ============================= ============================
If both lives exceed Class H, there will be no automatic limit.
If one life is ratable over Class H, then the following individual policy limits for the lesser impaired life's
mortality classification apply:
US/Canadian Residents - No Foreign Travel - Non-Smoker
====================================================================================
Rating Class of Less Impaired Insured
=========================== ====================================================================================
=========================== ========================= ============================= ============================
Issue Age of Older No Substandard Rating Class A - D Class E - H
Insured
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 65 $ 44,000,000 $ 44,000,000 $ 36,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
66 - 70 $ 31,000,000 $ 31,000,000 $ 25,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $ 21,000,000 $ 21,000,000 $ 16,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
76 - 77 $ 13,000,000 $ 13,000,000 $ 9,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
78 - 80 $ 9,000,000 $ 9,000,000 $ 7,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
81 - 85 $ 5,000,000 $ 5,000,000 None
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
86 - 90 $ 2,800,000 $ 2,800,000 None
=========== =============== ========================= ============================= ============================
US/Canadian Residents - No Foreign Travel - One Smoker
====================================================================================
Rating Class of Less Impaired Insured
=========================== ------------------------------------------------------------------------------------
=========================== ========================= ============================= ============================
Issue Age of Older No Substandard Rating Class A - D Class E - H
Insured
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 65 $ 38,000,000 $ 38,000,000 $ 30,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
66 - 70 $ 28,000,000 $ 28,000,000 $ 22,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $ 21,000,000 $ 21,000,000 $ 14,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
76 - 77 $ 12,000,000 $ 12,000,000 $ 8,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
78 - 80 $ 8,000,000 $ 8,000,000 $ 6,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
81 - 85 $ 5,000,000 $ 5,000,000 None
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
86 - 90 $ 1,800,000 $ 1,800,000 None
=========== =============== ========================= ============================= ============================
US/Canadian Residents - No Foreign Travel - Two Smokers
====================================================================================
Rating Class of Less Impaired Insured
=========================== ------------------------------------------------------------------------------------
=========================== ========================= ============================= ============================
Issue Age of Older No Substandard Rating Class A - D Class E - H
Insured
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 65 $ 34,000,000 $ 34,000,000 $ 26,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
66 - 70 $ 27,000,000 $ 27,000,000 $ 20,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $ 21,000,000 $ 21,000,000 $ 13,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
76 - 77 $ 12,000,000 $ 12,000,000 $ 8,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
78 - 80 $ 8,000,000 $ 8,000,000 $ 6,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
81 - 85 $ 5,000,000 $ 5,000,000 None
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
86 - 90 $ 1,800,000 $ 1,800,000 None
=========== =============== ========================= ============================= ============================
US/Canadian Residents - Foreign Travel
====================================================================================
Rating Class of Higher Rated Life
=========================== ------------------------------------------------------------------------------------
=========================== ========================= ============================= ============================
Pref. Best - Class C Class D - E Greater than Class E
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 70 $ 10,000,000 $ 7,500,000 None
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $ 7,500,000 $ 5,000,000 None
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
00 - 00 Xxxx Xxxx Xxxx
=========== =============== ========================= ============================= ============================
Non US/Canadian Residents
====================================================================================
Rating Class of Higher Rated Life
=========================== ------------------------------------------------------------------------------------
=========================== ========================= ============================= ============================
Pref. Best - Class C Class D - E Greater than Class E
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 70 $ 20,000,000 $ 15,000,000 None
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $ 15,000,000 $ 10,000,000 None
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
00 - 00 Xxxx Xxxx Xxxx
=========== =============== ========================= ============================= ============================
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
=======================================================
Rating Class of Higher Rated Life
=========================== -------------------------------------------------------
=========================== ========================= =============================
Issue Age of Older Pref. Best - Class D Class E - H
Insured
--------------------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
Ages: 18 - 65 $ 50,000,000 $ 40,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
66 - 70 $ 40,000,000 $ 20,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
71 - 75 $ 30,000,000 $ 15,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
76 - 80 $ 15,000,000 $ 10,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
81 - 85 $ 5,000,000 $ 2,500,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
86 - 90 $ 2,500,000 $ 1,000,000
=========== =============== ========================= =============================
If both lives exceed Class H, there will be no automatic acceptance limit.
If one life is ratable over Class H, then the following individual policy limits for the lesser impaired life's
mortality classification apply:
=======================================================
Rating Class of Lesser Impaired Insured
=========================== -------------------------------------------------------
=========================== ========================= =============================
Issue Age of Lesser Pref. Best - Class D Class E - H
Impaired Life
--------------------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
Ages: 18 - 65 $ 30,000,000 $ 20,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
66 - 70 $ 25,000,000 $ 15,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
71 - 75 $ 20,000,000 $ 10,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
76 - 77 $ 10,000,000 $ 5,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
78 - 80 $ 5,000,000 $ 2,500,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
81 - 85 $ 2,500,000 None
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
86 - 90 $ 1,000,000 None
=========== =============== ========================= =============================
US/Canadian Residents - Foreign Travel
============================================================
Rating Class of Higher Rated Life
---------------------- ------------------------------------------------------------
====================== ==================== ================= =====================
Issue Age of Insured Pref. Best - Class Class D - E Greater than Class E
C
---------------------- -------------------- ----------------- ---------------------
----------- ---------- -------------------- ----------------- ---------------------
Ages: 18 - 70 $ 10,000,000 $ 7,500,000 None
---------- -------------------- ----------------- ---------------------
----------- ---------- -------------------- ----------------- ---------------------
71 - 75 $ 7,500,000 $ 5,000,000 None
----------- ---------- -------------------- ----------------- ---------------------
----------- ---------- -------------------- ----------------- ---------------------
76 + None None None
=========== ========== ==================== ================= =====================
Non US/Canadian Residents
============================================================
Rating Class of Higher Rated Life
---------------------- ------------------------------------------------------------
====================== ==================== ================= =====================
Issue Age of Insured Pref. Best - Class Class D - E Greater than Class E
C
---------------------- -------------------- ----------------- ---------------------
----------- ---------- -------------------- ----------------- ---------------------
Ages: 18 - 70 $ 20,000,000 $ 15,000,000 None
---------- -------------------- ----------------- ---------------------
----------- ---------- -------------------- ----------------- ---------------------
71 - 75 $ 15,000,000 $ 10,000,000 None
----------- ---------- -------------------- ----------------- ---------------------
----------- ---------- -------------------- ----------------- ---------------------
76 + None None None
=========== ========== ==================== ================= =====================
For any policy to be reinsured under automatic reinsurance, the amounts reinsured with THE REINSURER on that
life will not exceed the amounts in the following tables:
US/Canadian Residents - No Foreign Travel
=======================================================
Rating Class of Higher Rated Life
=========================== -------------------------------------------------------
=========================== ========================= =============================
Issue Age of Older Pref. Best - Class D Class E - H
Insured
--------------------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
Ages: 18 - 65 $ 10,000,000 $ 8,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
66 - 70 $ 8,000,000 $ 4,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
71 - 75 $ 6,000,000 $ 3,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
76 - 80 $ 3,000,000 $ 2,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
81 - 85 $ 1,000,000 $ 500,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
86 - 90 $ 500,000 $ 200,000
=========== =============== ========================= =============================
If both lives exceed Class H, there will be no automatic acceptance limit.
If one life is ratable over Class H, then the following individual policy limits for the lesser impaired life's
mortality classification apply:
=======================================================
Rating Class of Less Impaired Insured
=========================== -------------------------------------------------------
=========================== ========================= =============================
Issue Age of Lesser Pref. Best - Class D Class E - H
Impaired Life
--------------------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
Ages: 18 - 65 $ 6,000,000 $ 4,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
66 - 70 $ 5,000,000 $ 3,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
71 - 75 $ 4,000,000 $ 2,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
76 - 77 $ 2,000,000 $ 1,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
78 - 80 $ 1,000,000 $ 500,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
81 - 85 $ 500,000 None
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
86 - 90 $ 200,000 None
=========== =============== ========================= =============================
US/Canadian Residents - Foreign Travel
===========================================================
Rating Class of Higher Rated Life
----------------------- -----------------------------------------------------------
======================= =================== ================== ====================
Issue Age of Insured Pref. Best - Class D - E Greater than Class
Class C E
----------------------- ------------------- ------------------ --------------------
----------- ----------- ------------------- ------------------ --------------------
Ages: 18 - 70 $ 2,000,000 $ 1,500,000 None
----------- ------------------- ------------------ --------------------
----------- ----------- ------------------- ------------------ --------------------
71 - 75 $ 1,500,000 $ 1,000,000 None
----------- ----------- ------------------- ------------------ --------------------
----------- ----------- ------------------- ------------------ --------------------
76 + None None None
=========== =========== =================== ================== ====================
Non US/Canadian Residents
===========================================================
Rating Class of Higher Rated Life
----------------------- -----------------------------------------------------------
======================= =================== ================== ====================
Issue Age of Insured Pref. Best - Class D - E Greater than Class
Class C E
----------------------- ------------------- ------------------ --------------------
----------- ----------- ------------------- ------------------ --------------------
Ages: 18 - 70 $ 4,000,000 $ 3,000,000 None
----------- ------------------- ------------------ --------------------
----------- ----------- ------------------- ------------------ --------------------
71 - 75 $ 3,000,000 $ 2,000,000 None
----------- ----------- ------------------- ------------------ --------------------
----------- ----------- ------------------- ------------------ --------------------
76 + None None None
=========== =========== =================== ================== ====================
2. SCHEDULE A, Section 5, JUMBO LIMIT, shall be replaced by the following:
JUMBO LIMIT:
For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force and applied
for in all companies will not exceed the following amounts:
US/Canadian Residents- No Foreign Travel
===================== ======================== =============== ====================
No Substandard Rating Class A - E Greater than Class
E
===================== ======================== =============== ====================
=========== ========= ======================== =============== ====================
Ages: 18 - 90 $75,000,000 $75,000,000 $75,000,000
=========== ========= ======================== =============== ====================
Note: When a policy is reinsured under automatic reinsurance and the total amount in force and applied for in
all companies exceeds $50,000,000, THE REINSURER must be notified.
US/Canadian Residents - Foreign Travel
===================== ======================== =============== ====================
No Substandard Rating Class A - E Greater than Class
E
===================== ======================== =============== ====================
=========== ========= ======================== =============== ====================
Ages: 18 - 75 $35,000,000 $35,000,000 None
=========== ========= ======================== =============== ====================
=========== ========= ======================== =============== ====================
00 - 00 Xxxx Xxxx Xxxx
=========== ========= ======================== =============== ====================
Non US/Canadian Residents
===================== ======================== =============== ====================
No Substandard Rating Class A - E Greater than Class
E
===================== ======================== =============== ====================
=========== ========= ======================== =============== ====================
Ages: 0 - 75 $35,000,000 $35,000,000 None
=========== ========= ======================== =============== ====================
=========== ========= ======================== =============== ====================
00 - 00 Xxxx Xxxx Xxxx
=========== ========= ======================== =============== ====================
3. SCHEDULE A, Section 11, RISK RETENTION LIMITS shall be added:
RISK RETENTION LIMITS:
The total amount of insurance in force and applied for on both lives for THE COMPANY and its affiliates will not
exceed the risk retention limits in the following table.
No Smokers
============================================================================
Highest Rating Class
================== ============================================================================
================== ================ =================== ================== ====================
Oldest Issue Age No Substandard Class A - D Class E - H Greater than Class
of Insured Rating H
------------------ ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
Ages: 18 - 65 $50,000,000 $35,000,000 $25,000,000 $20,000,000
-------- ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
66 - 70 $35,000,000 $22,000,000 $16,000,000 $13,000,000
--------- -------- ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
71 - 75 $20,000,000 $13,000,000 $10,000,000 $ 8,000,000
--------- -------- ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
76 - 80 $15,000,000 $10,000,000 $ 7,000,000 $ 5,000,000
--------- -------- ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
81 - 85 $10,000,000 $ 8,000,000 $ 5,000,000 $ 3,000,000
--------- -------- ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
86 - 90 $ 5,000,000 $ 4,000,000 $ 3,000,000 $ 2,000,000
========= ======== ================ =================== ================== ====================
One Smoker
============================================================================
Highest Rating Class
================== ============================================================================
================== ================ =================== ================== ====================
Oldest Issue Age No Substandard Class A - D Class E - H Greater than Class
of Insured Rating H
------------------ ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
Ages: 18 - 65 $35,000,000 $25,000,000 $17,000,000 $14,000,000
-------- ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
66 - 70 $25,000,000 $20,000,000 $13,000,000 $10,000,000
--------- -------- ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
71 - 75 $15,000,000 $12,000,000 $10,000,000 $ 6,000,000
--------- -------- ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
76 - 80 $13,000,000 $10,000,000 $ 7,000,000 $ 4,000,000
--------- -------- ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
81 - 85 $ 9,000,000 $ 7,000,000 $ 5,000,000 $ 3,000,000
--------- -------- ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
86 - 90 $ 4,000,000 $ 3,000,000 $ 2,000,000 $ 2,000,000
========= ======== ================ =================== ================== ====================
Two Smokers
============================================================================
Highest Rating Class
================== ============================================================================
================== ================ =================== ================== ====================
Oldest Issue Age No Substandard Class A - D Class E - H Greater than Class
of Insured Rating H
------------------ ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
Ages: 18 - 65 $25,000,000 $20,000,000 $15,000,000 $10,000,000
-------- ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
66 - 70 $20,000,000 $15,000,000 $12,000,000 $ 8,000,000
--------- -------- ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
71 - 75 $11,000,000 $10,000,000 $10,000,000 $ 5,000,000
--------- -------- ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
76 - 80 $10,000,000 $10,000,000 $ 6,000,000 $ 4,000,000
--------- -------- ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
81 - 85 $ 7,000,000 $ 6,000,000 $ 4,000,000 $ 3,000,000
--------- -------- ---------------- ------------------- ------------------ --------------------
--------- -------- ---------------- ------------------- ------------------ --------------------
86 - 90 $ 3,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000
========= ======== ================ =================== ================== ====================
In witness of the above, THE COMPANY and THE REINSURER have by their respective officers executed and delivered this
Agreement in duplicate on the dates indicated below, and is effective for policies issued of June 1, 2002.
----------------------------------------------------------- --------------------------------------------------------
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY SWISS RE LIFE & HEALTH AMERICA INC
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
By:_/s/_______________________________ By:_/s/_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Title:_______________________________ Title:_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Date:_______________________________ Date:_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
By:_/s/_______________________________ By:_/s/_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Title:_______________________________ Title:_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Date:_______________________________ Date:_____________________________
----------------------------------------------------------- --------------------------------------------------------
Amendment #2
to the
AUTOMATIC AND FACULTATIVE
YEARLY RENEWABLE TERM REINSURANCE AGREEMENT
EFFECTIVE January 1, 2000
Between
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
(THE COMPANY)
And
SWISS RE LIFE & HEALTH AMERICA INC
(THE REINSURER)
The parties hereby agree to the following:
1. SCHEDULE A, Section 4, AUTOMATIC ACCEPTANCE LIMIT, shall be replaced by the following:
AUTOMATIC ACCEPTANCE LIMIT:
A. 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
====================================================================================
Rating Class of Higher Rated Life
=========================== ====================================================================================
=========================== ========================= ============================= ============================
Issue Age of Older No Substandard Rating Class A - D Class E - H
Insured
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 65 $ 70,000,000 $ 70,000,000 $ 53,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
66 - 70 $ 63,000,000 $ 50,000,000 $ 30,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $ 41,000,000 $ 34,000,000 $ 20,500,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
76 - 77 $ 25,500,000 $ 20,500,000 $ 14,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
78 - 80 $ 25,500,000 $ 20,500,000 $ 14,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
81 - 85 $ 13,500,000 $ 11,500,000 $ 6,750,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
86 - 90 $ 6,750,000 $ 5,750,000 $ 3,600,000
=========== =============== ========================= ============================= ============================
US/Canadian Residents - No Foreign Travel - One Smoker
====================================================================================
Rating Class of Higher Rated Life
=========================== ------------------------------------------------------------------------------------
=========================== ========================= ============================= ============================
Issue Age of Older No Substandard Rating Class A - D Class E - H
Insured
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 65 $ 70,000,000 $ 60,000,000 $ 45,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
66 - 70 $ 53,000,000 $ 48,000,000 $ 27,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $ 36,000,000 $ 33,000,000 $ 20,500,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
76 - 77 $ 23,500,000 $ 20,500,000 $ 14,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
78 - 80 $ 23,500,000 $ 20,500,000 $ 14,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
81 - 85 $ 12,500,000 $ 10,500,000 $ 6,750,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
86 - 90 $ 5,750,000 $ 4,750,000 $ 2,600,000
=========== =============== ========================= ============================= ============================
US/Canadian Residents - No Foreign Travel - Two Smokers
====================================================================================
Rating Class of Higher Rated Life
=========================== ------------------------------------------------------------------------------------
=========================== ========================= ============================= ============================
Issue Age of Older No Substandard Rating Class A - D Class E - H
Insured
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 65 $ 60,000,000 $ 55,000,000 $ 43,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
66 - 70 $ 48,000,000 $ 43,000,000 $ 26,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $ 32,000,000 $ 31,000,000 $ 20,500,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
76 - 77 $ 20,500,000 $ 20,500,000 $ 13,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
78 - 80 $ 20,500,000 $ 20,500,000 $ 13,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
81 - 85 $ 10,500,000 $ 9,500,000 $ 5,750,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
86 - 90 $ 4,750,000 $ 3,750,000 $ 2,600,000
=========== =============== ========================= ============================= ============================
If both lives exceed Class H, there will be no automatic limit.
If one life is ratable over Class H, then the following individual policy limits for the lesser impaired life's
mortality classification apply:
US/Canadian Residents - No Foreign Travel - Non-Smoker
====================================================================================
Rating Class of Less Impaired Insured
=========================== ====================================================================================
=========================== ========================= ============================= ============================
Issue Age of Older No Substandard Rating Class A - D Class E - H
Insured
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 65 $ 41,000,000 $ 41,000,000 $ 34,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
66 - 70 $ 29,000,000 $ 29,000,000 $ 23,500,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $ 19,500,000 $ 19,500,000 $ 15,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
76 - 77 $ 12,000,000 $ 12,000,000 $ 8,500,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
78 - 80 $ 8,500,000 $ 8,500,000 $ 6,750,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
81 - 85 $ 4,750,000 $ 4,750,000 None
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
86 - 90 $ 2,700,000 $ 2,700,000 None
=========== =============== ========================= ============================= ============================
US/Canadian Residents - No Foreign Travel - One Smoker
====================================================================================
Rating Class of Less Impaired Insured
=========================== ------------------------------------------------------------------------------------
=========================== ========================= ============================= ============================
Issue Age of Older No Substandard Rating Class A - D Class E - H
Insured
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 65 $ 35,000,000 $ 35,000,000 $ 28,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
66 - 70 $ 26,000,000 $ 26,000,000 $ 20,500,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $ 19,500,000 $ 19,500,000 $ 13,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
76 - 77 $ 11,000,000 $ 11,000,000 $ 7,500,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
78 - 80 $ 7,500,000 $ 7,500,000 $ 5,750,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
81 - 85 $ 4,750,000 $ 4,750,000 None
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
86 - 90 $ 1,700,000 $ 1,700,000 None
=========== =============== ========================= ============================= ============================
US/Canadian Residents - No Foreign Travel - Two Smokers
====================================================================================
Rating Class of Less Impaired Insured
=========================== ------------------------------------------------------------------------------------
=========================== ========================= ============================= ============================
Issue Age of Older No Substandard Rating Class A - D Class E - H
Insured
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 65 $ 31,000,000 $ 31,000,000 $ 24,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
66 - 70 $ 25,000,000 $ 25,000,000 $ 18,500,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $ 19,000,000 $ 19,000,000 $ 12,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
76 - 77 $ 11,000,000 $ 11,000,000 $ 7,500,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
78 - 80 $ 7,500,000 $ 7,500,000 $ 5,750,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
81 - 85 $ 4,750,000 $ 4,750,000 None
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
86 - 90 $ 1,700,000 $ 1,700,000 None
=========== =============== ========================= ============================= ============================
US/Canadian Residents - Foreign Travel
====================================================================================
Rating Class of Higher Rated Life
=========================== ------------------------------------------------------------------------------------
=========================== ========================= ============================= ============================
Pref. Best - Class C Class D - E Greater than Class E
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 70 $ 10,000,000 $ 7,500,000 None
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $ 7,500,000 $ 5,000,000 None
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
00 - 00 Xxxx Xxxx Xxxx
=========== =============== ========================= ============================= ============================
Non US/Canadian Residents
====================================================================================
Rating Class of Higher Rated Life
=========================== ------------------------------------------------------------------------------------
=========================== ========================= ============================= ============================
Pref. Best - Class C Class D - E Greater than Class E
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 70 $ 20,000,000 $ 15,000,000 None
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $ 15,000,000 $ 10,000,000 None
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
00 - 00 Xxxx Xxxx Xxxx
=========== =============== ========================= ============================= ============================
B. 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
=======================================================
Rating Class of Higher Rated Life
=========================== -------------------------------------------------------
=========================== ========================= =============================
Issue Age of Older Pref. Best - Class D Class E - H
Insured
--------------------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
Ages: 18 - 65 $ 50,000,000 $ 40,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
66 - 70 $ 40,000,000 $ 20,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
71 - 75 $ 30,000,000 $ 15,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
76 - 80 $ 15,000,000 $ 10,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
81 - 85 $ 5,000,000 $ 2,500,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
86 - 90 $ 2,500,000 $ 1,000,000
=========== =============== ========================= =============================
If both lives exceed Class H, there will be no automatic acceptance limit.
If one life is ratable over Class H, then the following individual policy limits for the lesser impaired life's
mortality classification apply:
=======================================================
Rating Class of Lesser Impaired Insured
=========================== -------------------------------------------------------
=========================== ========================= =============================
Issue Age of Lesser Pref. Best - Class D Class E - H
Impaired Life
--------------------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
Ages: 18 - 65 $ 30,000,000 $ 20,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
66 - 70 $ 25,000,000 $ 15,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
71 - 75 $ 20,000,000 $ 10,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
76 - 77 $ 10,000,000 $ 5,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
78 - 80 $ 5,000,000 $ 2,500,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
81 - 85 $ 2,500,000 None
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
86 - 90 $ 1,000,000 None
=========== =============== ========================= =============================
US/Canadian Residents - Foreign Travel
============================================================
Rating Class of Higher Rated Life
---------------------- ------------------------------------------------------------
====================== ==================== ================= =====================
Issue Age of Insured Pref. Best - Class Class D - E Greater than Class E
C
---------------------- -------------------- ----------------- ---------------------
----------- ---------- -------------------- ----------------- ---------------------
Ages: 18 - 70 $ 10,000,000 $ 7,500,000 None
---------- -------------------- ----------------- ---------------------
----------- ---------- -------------------- ----------------- ---------------------
71 - 75 $ 7,500,000 $ 5,000,000 None
----------- ---------- -------------------- ----------------- ---------------------
----------- ---------- -------------------- ----------------- ---------------------
76 + None None None
=========== ========== ==================== ================= =====================
Non US/Canadian Residents
============================================================
Rating Class of Higher Rated Life
---------------------- ------------------------------------------------------------
====================== ==================== ================= =====================
Issue Age of Insured Pref. Best - Class Class D - E Greater than Class E
C
---------------------- -------------------- ----------------- ---------------------
----------- ---------- -------------------- ----------------- ---------------------
Ages: 18 - 70 $ 20,000,000 $ 15,000,000 None
---------- -------------------- ----------------- ---------------------
----------- ---------- -------------------- ----------------- ---------------------
71 - 75 $ 15,000,000 $ 10,000,000 None
----------- ---------- -------------------- ----------------- ---------------------
----------- ---------- -------------------- ----------------- ---------------------
76 + None None None
=========== ========== ==================== ================= =====================
C. For any policy to be reinsured under automatic reinsurance, the amounts reinsured with THE REINSURER on that
life will not exceed the amounts in the following tables:
US/Canadian Residents - No Foreign Travel
=======================================================
Rating Class of Higher Rated Life
=========================== -------------------------------------------------------
=========================== ========================= =============================
Issue Age of Older Pref. Best - Class D Class E - H
Insured
--------------------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
Ages: 18 - 65 $ 10,000,000 $ 8,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
66 - 70 $ 8,000,000 $ 4,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
71 - 75 $ 6,000,000 $ 3,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
76 - 80 $ 3,000,000 $ 2,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
81 - 85 $ 1,000,000 $ 500,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
86 - 90 $ 500,000 $ 200,000
=========== =============== ========================= =============================
If both lives exceed Class H, there will be no automatic acceptance limit.
If one life is ratable over Class H, then the following individual policy limits for the lesser impaired life's
mortality classification apply:
=======================================================
Rating Class of Less Impaired Insured
=========================== -------------------------------------------------------
=========================== ========================= =============================
Issue Age of Lesser Pref. Best - Class D Class E - H
Impaired Life
--------------------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
Ages: 18 - 65 $ 6,000,000 $ 4,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
66 - 70 $ 5,000,000 $ 3,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
71 - 75 $ 4,000,000 $ 2,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
76 - 77 $ 2,000,000 $ 1,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
78 - 80 $ 1,000,000 $ 500,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
81 - 85 $ 500,000 None
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
86 - 90 $ 200,000 None
=========== =============== ========================= =============================
US/Canadian Residents - Foreign Travel
===========================================================
Rating Class of Higher Rated Life
----------------------- -----------------------------------------------------------
======================= =================== ================== ====================
Issue Age of Insured Pref. Best - Class D - E Greater than Class
Class C E
----------------------- ------------------- ------------------ --------------------
----------- ----------- ------------------- ------------------ --------------------
Ages: 18 - 70 $ 2,000,000 $ 1,500,000 None
----------- ------------------- ------------------ --------------------
----------- ----------- ------------------- ------------------ --------------------
71 - 75 $ 1,500,000 $ 1,000,000 None
----------- ----------- ------------------- ------------------ --------------------
----------- ----------- ------------------- ------------------ --------------------
76 + None None None
=========== =========== =================== ================== ====================
Non US/Canadian Residents
===========================================================
Rating Class of Higher Rated Life
----------------------- -----------------------------------------------------------
======================= =================== ================== ====================
Issue Age of Insured Pref. Best - Class D - E Greater than Class
Class C E
----------------------- ------------------- ------------------ --------------------
----------- ----------- ------------------- ------------------ --------------------
Ages: 18 - 70 $ 4,000,000 $ 3,000,000 None
----------- ------------------- ------------------ --------------------
----------- ----------- ------------------- ------------------ --------------------
71 - 75 $ 3,000,000 $ 2,000,000 None
----------- ----------- ------------------- ------------------ --------------------
----------- ----------- ------------------- ------------------ --------------------
76 + None None None
=========== =========== =================== ================== ====================
In witness of the above, THE COMPANY and THE REINSURER have by their respective officers executed and delivered this
Agreement in duplicate on the dates indicated below, and is effective for policies issued as of March 1, 2003.
----------------------------------------------------------- --------------------------------------------------------
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY SWISS RE LIFE & HEALTH AMERICA INC
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
By:_/s/_______________________________ By:__/s/____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Title:_______________________________ Title:_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Date:_______________________________ Date:_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
By:_/s/_______________________________ By:_/s/_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Title:_______________________________ Title:_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Date:_______________________________ Date:_____________________________
----------------------------------------------------------- --------------------------------------------------------
Amendment #3
to the
AUTOMATIC AND FACULTATIVE
YEARLY RENEWABLE TERM REINSURANCE AGREEMENT
EFFECTIVE January 1, 2000
Between
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
(PRUCO of NJ)
And
SWISS RE LIFE & HEALTH AMERICA, INC.
(SWISS RE)
The parties hereby agree to the following:
1. SECTION 20, RECAPTURE, shall be replaced by the following:
20. RECAPTURE
At any time during the term of the Agreement, PRUCO of NJ may elect to recapture in full the coverage reinsured
under this Agreement following the occurrence of either of the following events: (1) a "Risk Trigger Event" as
defined in Schedule A of this Agreement for policies issued prior to January 1, 2004; or (2) a Plan Change as
described in Section 19 d. above. PRUCO of NJ may not recapture policies issued on or after January 1, 2004,
following the occurrence of a "Risk Trigger Event."
In addition, after the twentieth policy anniversary, PRUCO of NJ may elect to recapture all or an appropriate
portion of the coverage reinsured under this Agreement to reflect increases in the maximum retention limits for
PRUCO of NJ and all of its affiliates, collectively, subsequent to the date of policy issue. These maximum
retention limits as of the effective date of this Agreement are equal to the amounts shown in the Automatic
Acceptance Limits table shown in Schedule A. The portion of the coverage that may be recaptured would be
directly related to the increase in the limits. To illustrate, if the maximum retention limits are increased by
100%, then the portion that may be recaptured from all reinsurers of the policies reinsured under this Agreement
would be equal to 100% of the portion of each reinsured policy that is retained by PRUCO of NJ. Furthermore, the
portion that may be recaptured from SWISS RE would be determined as SWISS RE's prorata share of the total portion
reinsured with all reinsurers.
If PRUCO of NJ elects to recapture the risks ceded to SWISS RE under this Agreement as stated above, it will do
so by giving written notice to SWISS RE. Upon the delivery of such notice, all of the risks previously ceded
under each of the policies subject to this Agreement shall be recaptured, effective as of the date specified in
PRUCO of NJ's notice. If PRUCO of NJ does not specify in the written notice the date that such recapture is to
be effective, then the recapture shall be effective immediately upon SWISS RE's receipt of the notice.
If a policy is recaptured, SWISS RE will pay PRUCO of NJ the unearned reinsurance premium as of the date of
recapture. SWISS RE shall not be liable, under this Agreement, for any claims incurred after the date of
recapture.
2. SECTION 25, GOOD FAITH; FINANCIAL SOLVENCY, shall be replaced by the following:
25. GOOD FAITH; FINANCIAL SOLVENCY
Each party agrees that all matters with respect to this Agreement require its utmost good faith. Each party or
its representatives has the right at any reasonable time to inspect the other's records relating to this
Agreement.
Each party represents and warrants to the other party that it is solvent on a statutory basis in all states in
which it does business or is licensed. Each party agrees to promptly notify the other if it is subsequently
financially impaired. SWISS RE has entered into this Agreement in reliance upon PRUCO of NJ's representations
and warranties. Each party affirms that it has and will continue to disclose all matters material to this
Agreement and each cession. Examples of such matters are a material change in underwriting or issue practices or
philosophy, or a change in each party's ownership or control.
SWISS RE represents and warrants to PRUCO of NJ that SWISS RE is a licensed or accredited reinsurer under the
applicable laws and regulations of New Jersey and New York and that SWISS RE satisfies the current, applicable
legal and regulatory requirements in New Jersey and New York necessary to entitle PRUCO of NJ to take the maximum
credit for the risks ceded under this Agreement on its statutory financial statements. SWISS RE acknowledges
that PRUCO of NJ is entering into this Agreement in reliance upon this and other representations and warranties
of SWISS RE, and SWISS RE agrees that for policies issued prior to January 1, 2004, PRUCO of NJ's right of
recapture under Section 20 of this Agreement will be triggered if, at any point in the future during the term of
this Agreement, this representation and warranty is no longer true and correct. PRUCO of NJ's right of recapture
under Section 20 will not be triggered for policies issued on or after January 1, 2004.
3. SCHEDULE A, Section 10, RISK TRIGGER EVENT, shall be replaced by the following:
10. RISK TRIGGER EVENT:
This section only applies to policies issued prior to January 1, 2004. Policies issued on or after January 1,
2004 cannot be recaptured due to the occurrence of a "Risk Trigger Event" as described in Section 20 of this
Agreement.
A "Risk Trigger Event" means that any of the following has occurred:
(1) SWISS RE does not have statutory surplus of at least $500 million;
(2) SWISS RE's representation and warranty contained in Section 25 of this Agreement (dealing with
licensure/accreditation status and related matters) is no longer true and correct; or
(3) SWISS RE no longer has in effect a Qualified Rating (as defined below) from at least one of the Major Rating
Agencies shown in the chart below, which is at least as high as the minimum levels shown:
------------------------------------ -----------------------------------
Major Rating Agency Minimum Applicable Rating:
==================================== ===================================
Fitch IBCA, Duff & Xxxxxx A rating of "A-" or higher.
------------------------------------ -----------------------------------
------------------------------------ -----------------------------------
Xxxxx Investor Services, Inc. A rating of "A3" or higher.
------------------------------------ -----------------------------------
------------------------------------ -----------------------------------
Standard & Poors Corporation A rating of "A-" or higher.
------------------------------------ -----------------------------------
"Qualified Rating" shall mean the issuance of an insurance company long-term, financial strength rating from one
or more of the Major Rating Agencies that remains in effect, that has not been suspended or withdrawn, and that
was issued as a result of the full interactive ratings review process (including interviews with senior
management) by the Major Rating Agency in question. (Use of the modifiers "Q" or "Pi" by S&P or any similar
indication that a rating is a "qualified" or "limited" rating by any other of the Major Rating Agencies means
that the rating does not constitute a "Qualified Rating" for purposes of this Agreement.)
In witness of the above, PRUCO of NJ and SWISS RE have by their respective officers executed and delivered this Amendment
in duplicate on the dates indicated below, with an effective date of January 1, 2004.
----------------------------------------------------------- --------------------------------------------------------
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY SWISS RE LIFE & HEALTH AMERICA INC.
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
By:_/s/_______________________________ By:__/s/____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Title:_______________________________ Title:_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Date:_______________________________ Date:_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
By:_/s/_______________________________ By:_/s/_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Title:_______________________________ Title:_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Date:_______________________________ Date:_____________________________
----------------------------------------------------------- --------------------------------------------------------
Amendment #4
to the
AUTOMATIC AND FACULTATIVE
YEARLY RENEWABLE TERM REINSURANCE AGREEMENT
EFFECTIVE January 1, 2000
Between
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
And
SWISS RE LIFE & HEALTH AMERICA, INC.
This is an ASSIGNMENT, ASSUMPTION AND RELEASE AGREEMENT (the "Assignment"), dated as of December 1, 2004, by and among
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY (the "Assignor"), THE PRUDENTIAL INSURANCE COMPANY OF AMERICA (the
"Assignee"), and SWISS RE LIFE & HEALTH AMERICA, INC. (the "Reinsurer").
WHEREAS, the Reinsurer provides reinsurance coverage to the Assignor in accordance with the terms of the
reinsurance agreement referenced above (the "Reinsurance Treaty"); and
WHEREAS, the parties hereto desire to execute this Assignment to evidence the assignment by the Assignor and
assumption by the Assignee of the Assignor's rights and obligations under the Reinsurance Treaty and to effect a full and
final release of the Assignor's rights and obligations under the Reinsurance Treaty effective as of 12:00 a.m., Eastern
Time, December 1, 2004 (the "Effective Time").
NOW, THEREFORE, in consideration of the promises and the mutual agreements herein contained, the parties hereto
agree to the following:
1.Assignor Assignment of Interests to Assignee. The Assignor hereby transfers, conveys, assigns and sets over to the Assignee,
its successors and assigns, all of its rights, obligations, liabilities, title and interest in the Reinsurance Treaty,
all effective as of the Effective Time, including those incurred, accrued, or otherwise occurring or arising prior to the
Effective Time.
2. Assignee Assumption of Interests from Assignor. Effective as of the Effective Time, the Assignee hereby assumes all
of the rights and interests of the Assignor under the Reinsurance Treaty and undertakes to pay, perform and discharge, or
cause to be paid, performed or discharged, all of the liabilities and obligations of the Assignor under the Reinsurance
Treaty, including those rights, interests, obligations, and liabilities incurred, accrued, or otherwise occurring or
arising prior to the Effective Time. It is the intention of the parties that:
a. The Assignee shall be substituted for the Assignor under the Reinsurance Treaty, in the Assignor's name,
place and stead; and
b. The Assignor shall be deemed to have ceased to be a party to, or the ceding company under, the Reinsurance Treaty and shall
have released all of its rights and interests, and shall have been discharged from all obligations and
liabilities thereunder to the Reinsurer; and
c. The Reinsurer will conduct business solely with the Assignee, or its designee, with respect to the
performance of any and all obligations and liabilities under the Reinsurance Treaty.
3. Reinsurer Consent. Notwithstanding anything to the contrary set forth in the Reinsurance Treaty, the Reinsurer
consents to the assignment and assumption set forth in Sections 1 and 2 above.
4.Reinsurer Release of Assignor. Without altering, diminishing or in any other way affecting any or all of the rights, interests,
liabilities and obligations of the Assignor under the Reinsurance Treaty assigned to the Assignee hereunder, and
effective immediately after such assignment to the Assignee, as of the Effective Time, the Reinsurer, in consideration of
the assumption by the Assignee set forth above and other valuable consideration, the receipt and adequacy whereof is
hereby acknowledged, irrevocably and unconditionally releases and discharges the Assignor and the Assignor's successors
and assigns from all liabilities, actions, causes of action, suits, debts, dues, sums of money, accounts, reckonings,
bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages,
judgments, extents, executions, claims and demands whatsoever, known or unknown, in law or equity, against the Assignor,
which the Reinsurer and the Reinsurer's predecessors, successors and assigns ever had, now have or hereafter can, shall
or may have, for, upon, or by reason of any rights of the Reinsurer under the Reinsurance Treaty, including any and all
of the Assignor's obligations incurred, accrued, or otherwise occurring or arising prior to the Effective Time. This
release under this Section 4 may not be changed orally.
5.Assignor Release of Reinsurer. Without altering, diminishing or in any other way affecting any or all of the rights, title
and interest of the Assignor under the Reinsurance Treaty assigned to the Assignee hereunder, and effective immediately
after such assignment to the Assignee, as of the Effective Time, the Assignor, in consideration of the consent by the
Reinsurer set forth above and other valuable consideration, the receipt and adequacy whereof is hereby acknowledged,
irrevocably and unconditionally releases and discharges the Reinsurer and the Reinsurer's predecessors, successors and
assigns from all liabilities, actions, causes of action, suits, debts, dues, sums of money, accounts, reckonings, bonds,
bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments,
extents, executions, claims, and demands whatsoever, known or unknown, in law or equity, against the Reinsurer, which the
Assignor ever had, now has or hereafter can, shall or may have, for, upon, or by reason of any rights of the Assignor
under the Reinsurance Treaty. This release under this Section 5 may not be changed orally.
6. Further Assurances. At any time and from time to time after the Effective Time, at the request of the Assignee, or
of the Reinsurer with the consent of the Assignee, which consent shall not be unreasonably withheld or delayed, and
without further consideration, the Assignor shall execute and deliver such other instruments of sale, transfer,
conveyance, assignment and confirmation and take such other action as either the Assignee or the Reinsurer (with such
consent) may reasonably request as necessary or desirable in order to more effectively transfer, convey and assign to the
Assignee the Reinsurance Treaty.
7.Amendment of Reinsurance Treaty. The Reinsurer and the Assignee agree that the Reinsurance Treaty is amended as of the Effective
Time as provided in Exhibit A attached hereto. It is the intention of the parties that any other reinsurance treaty
among Prudential affiliates covering the same business shall not abrogate or otherwise reduce the rights and obligations
of the parties as originally set forth in the Reinsurance Treaty.
8. Successors and Assigns. This Assignment shall be binding upon, and shall inure to the benefit of the Reinsurer, the
Assignor and the Assignee and their respective predecessors, successors and assigns, if any. The parties do not intend
to create any third party beneficiaries under this Assignment
9.Governing Law. This Assignment shall be governed by and construed in accordance with the laws of the state of New Jersey without
giving effect to its principles or rules of conflict of laws thereof. Any amendment to the Reinsurance Treaty set forth
herein shall be subject to the arbitration provision of the Reinsurance Treaty.
10. Counterparts. This Assignment may be signed in multiple counterparts. Each counterpart shall be considered an
original instrument, but all of them in the aggregate shall constitute one agreement.
In witness of the above, the Assignor, the Assignee, and the Reinsurer have by their respective officers executed and
delivered this Assignment in triplicate on the dates indicated below, with an effective date of December 1, 2004.
----------------------------------------------------------- --------------------------------------------------------
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY SWISS RE LIFE & HEALTH AMERICA INC.
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
By:_/s/_______________________________ By:_/s/_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Title:_______________________________ Title:_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Date:_______________________________ Date:_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
By:_/s/_______________________________ By:__/s/____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Title:_______________________________ Title:_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Date:_______________________________ Date:_____________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
By:_/s/_______________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Title:_______________________________
----------------------------------------------------------- --------------------------------------------------------
----------------------------------------------------------- --------------------------------------------------------
Date:_______________________________
----------------------------------------------------------- --------------------------------------------------------
-----------------------------------------------------------
By:_/s/_______________________________
-----------------------------------------------------------
-----------------------------------------------------------
Title:_______________________________
-----------------------------------------------------------
-----------------------------------------------------------
Date:_______________________________
-----------------------------------------------------------
Exhibit A
1. Any and all references in the Reinsurance Treaty to the jurisdiction in which PRUCO OF NJ is domiciled or
organized shall read as if to refer to the State of New Jersey.
2. If the GOVERNING LAW provision of the Reinsurance Treaty does not provide for the application of New Jersey law,
that provision shall be changed to read as follows:
GOVERNING LAW:
This Agreement shall be governed by the laws of the State of New Jersey without giving effect to the
principles of conflicts of laws thereof.
Any and all references in the Reinsurance Treaty to SWISS RE being licensed or authorized in a given jurisdiction shall
be read as if to refer to the State of New Jersey. If the Reinsurance Treaty contains no such reference, then SWISS RE
hereby represents that it is authorized to do business in the State of New Jersey.
