AMENDMENT NO. 20 TO
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(Agreement)
between
METROPOLITAN LIFE INSURANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
The Agreement is hereby amended, as of July 1, 2012, as follows:
1. The attached Schedule A, Plans of Reinsurance, amends and, as
amended, restates Schedule A, Plans of Reinsurance.
2. The attached Exhibit II, Reinsurance Premiums, amends and, as
amended, restates Exhibit II, Reinsurance Premiums.
This Amendment No. 20 does not alter, amend or modify the Agreement other than
as set forth herein, and the terms and conditions of the Agreement, as amended
herein, continue in effect without other change.
In Witness whereof, the parties have caused this Amendment No. 20 to be signed
in duplicate counterparts as of the date first above written.
METROPOLITAN LIFE INSURANCE COMPANY
By: /s/ Xxxxxxx Xxxxx
-------------------------------
Name: Xxxxxxx Xxxxx
-------------------------------
Title: Senior Vice President
-------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ Xxxxxxxxxxx Xxxxxx
-------------------------------
Name: Xxxxxxxxxxx Xxxxxx
-------------------------------
Title: Vice President and Actuary
-------------------------------
Page 1 of 9
SCHEDULE A
PLANS OF REINSURANCE
A. Reinsurer's Percentage:
100% of the business described herein.
B. Effective Date:
December 1, 2004
C. Reinsured Contracts:
METROPOLITAN LIFE INSURANCE COMPANY
DEFERRED ANNUITY CONTRACTS
--------------------------
Preference Plus Select Variable Annuity - All Share Classes
Preference Premier - All Share Classes
FORM NUMBERS
------------
Guaranteed Minimum Death Benefits Ceded:
----------------------------------------
Fifth Year Step-up: Form ML-535 (07/01)
Annual Step-Up: Form ML-550 (07/01)
Greater of Annual Step-Up and 5% Rollup: Form ML-540(07/01)
Enhanced Death Benefit: Form ML-640-1 (4/08)
Enhanced Death Benefit II: Form ML-640-1 (4/08) & Endorsement ML-RMD
(7/10)-E
Enhanced Death Benefit III: Form ML-640-1 (4/08) & Endorsement ML-RMD
(7/10)-E
Enhanced Death Benefit Max: Form ML-640-1 (4/08) & Endorsement ML-RMD
(7/10)-E
Enhanced Death Benefit Xxx XX: Form ML-640-1 (4/08) & Endorsement ML-RMD
(7/10)-E
Enhanced Death Benefit Max III: Form ML-640-1 (4/08) & Endorsement ML-RMD
(7/10)-E
Enhanced Death Benefit Xxx XX: Form ML-640-1 (4/08) & Endorsement ML-RMD
(7/10)-E
Additional Death Benefit - Earnings Preservation Benefit (EPB): ML-570
(07/01)
Guaranteed Minimum Income Benefits Ceded:
-----------------------------------------
Guaranteed Minimum Income Benefit: Form ML-560 (07/01)
Guaranteed Minimum Income Benefit II: Form ML-560-1 (03/03)
Guaranteed Minimum Income Benefit Plus I: Form ML-560-2 (05/05)
Guaranteed Minimum Income Benefit Plus II: Form ML-560-4 (4/08)
Guaranteed Minimum Income Benefit Plus II: Form ML-560-5-NY (7/08)
Page 2 of 9
Guaranteed Minimum Income Benefit Plus III: ML-560-4 (4/08) or ML-560-8-NY
(11/10) or ML-560-6 (11/10) & Endorsement ML-RMD (7/10)-E / Endorsement
ML-RMD-NY (7/10)-E
Guaranteed Minimum Income Benefit Plus IV: Form ML-560-4 (4/08),
ML-560-10-NY (9/11), ML-560-7 (9/11) & Endorsement ML-RMD (7/10)-E /
Endorsement ML-RMD-NY (7/10)-E
Guaranteed Minimum Income Benefit Max: Form ML-560-4 (4/08) or ML-560-9-NY
(9/10) & Endorsement ML-RMD (7/10)-E / Endorsement ML-RMD-NY (7/10)-E
Guaranteed Minimum Income Benefit Xxx XX: Form ML-560-4 (4/08) ,
ML-560-11-NY (9/11), ML-560-8 (9/11) or Endorsement ML-RMD (7/10)-E /
Endorsement ML-RMD-NY (7/10)-E
Guaranteed Minimum Income Benefit Max III: Form ML-560-4 (4/08) ,
ML-560-12-NY (12/11), ML-560-9 (12/11), ML-560-5 (9/10), or Endorsement
ML-RMD (7/10)-E / Endorsement ML-RMD-NY (7/10)-E
Guaranteed Minimum Income Benefit Xxx XX: Form ML-560-4 (4/08) ,
ML-560-13-NY (6/12), ML-560-11 (8/12), or Endorsement ML-RMD (7/10)-E /
Endorsement ML-RMD-NY (7/10)-E
Guaranteed Withdrawal Benefits Ceded:
-------------------------------------
Guaranteed Withdrawal Benefit: Form ML-690-1 (7/04)
Guaranteed Withdrawal Benefit: Form ML-690-2 (11/05)
Lifetime Guaranteed Withdrawal Benefit: Form ML-690-3 (6/06)
Lifetime Withdrawal Guaranteed Benefit (2008 Version): Form ML-690-4 (4/08)
or ML-690-4 (7/08) or ML-690-5 (7/09) or ML-690-6-NY (7/09)
Guaranteed Minimum Accumulation Benefits Ceded:
-----------------------------------------------
Guaranteed Minimum Accumulation Benefit: Form ML-670-1 (11/05)
Page 3 of 9
EXHIBIT II
REINSURANCE PREMIUMS
A. GMDB PROGRAM
REINSURANCE PREMIUM
GMDB PROGRAM PRODUCTS COVERED (BASIS POINTS)
------------------------------ ------------------------------------ --------------------
Fifth Year Step-up All Products 10.00
Annual Step-up Plan Codes: 225010, 225011, 10.00
225020, 225021, 225030, 225031,
225050, 225110, and 225150
Annual Step-up Other Plan Codes 20.00
Greater of Annual Step- Plan Codes: 225010, 225011, 25.00
Up and 5% Rollup 225020, 225021, 225030, 225031,
225050, 225110, and 225150
Greater of Annual Step- Other Plan Codes 35.00
Up and 5% Rollup
Enhanced Death Benefit All Products sold before May 4, 65.00*
2009, Issue Age 0-69
Enhanced Death Benefit All Products sold on or after May 4, 75.00
2009, Issue Age 0-69
Enhanced Death Benefit All Products sold on or before 85.00*
February 20, 2009, Issue Age 70-75
Enhanced Death Benefit All Products sold after February 20, 90.00*
2009 and before May 4, 2009, Issue
Age 70-75
Enhanced Death Benefit All Products sold on or after May 4, 95.00
2009, Issue Age 70-75
Enhanced Death Benefit II All Products, Issue Ages 0-69 65.00
Enhanced Death Benefit II All Products, Issue Ages 70-75 115.00
Enhanced Death Benefit Max All Products, Issue Ages 0-69 65.00
Enhanced Death Benefit Max All Products, Issue Ages 70-75 115.00
Enhanced Death Benefit III All Products, Issue Ages 0-69 65.00
Enhanced Death Benefit III All Products, Issue Ages 70-75 115.00
Enhanced Death Benefit Xxx XX All Products, Issue Ages 0-69 65.00
Enhanced Death Benefit Xxx XX All Products, Issue Ages 70-75 115.00
Enhanced Death Benefit Max III All Products, Issue Ages 0-69 65.00
Enhanced Death Benefit Max III All Products, Issue Ages 70-75 115.00
Page 4 of 9
REINSURANCE PREMIUM
GMDB PROGRAM PRODUCTS COVERED (BASIS POINTS)
------------------------------ ------------------------------------ --------------------
Enhanced Death Benefit Xxx XX All Products, Issue Ages 0-69 65.00
Enhanced Death Benefit Xxx XX All Products, Issue Ages 70-75 115.00
Earnings Preservation Benefit All Products 25.00
*Prior to May 4, 2009, if the Enhanced DB is elected in combination with
Guaranteed Minimum Income Benefit Plus (Form ML-560-4), there will be a 5 bps
reduction in the fee.
B. INCOME PROGRAM
REINSURANCE PREMIUM
INCOME PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------- ----------------------------------------------- --------------------
GMIB All Products sold prior to May 1, 2003 35
GMIB & GMIB II Plan codes 225080, 225090, 2250A0, 45
2250A1, 2250B0, 2250B1, 2250C0, 2250C1,
2250D0, 2250D1, 2250E0, 2250E1, 2250L0,
2250L1, 225180, and 2251B0 sold after April
30, 2003 and before May 1, 2005 if GMDB
program is Annual Step or Max of Annual
Step and Rollup
GMIB & GMIB II All other Products sold after April 30, 2003 50
and before May 1, 2005 and for All Products
sold after April 30,2005
GMIB Plus I: Forms ML- All Products sold after April 30, 2005 and 75
560-2 before February 26, 2007, for which the
contract's Income Base is not increased due
to an Annual Step-Up on a contract
anniversary occurring on July 1, 2012 or later.
GMIB Plus I: Forms ML- All Products sold after April 30, 2005 and 100
560-2 before February 26, 2007, for which the
contract's Income Base is increased due to
an Annual Step-Up on a contract anniversary
occurring on July 1, 2012 or later.
GMIB Plus I Form ML- All Products sold on or after February 26, 80
560-2 and GMIB Plus II 2007 and on or before February 20, 2009, for
Form ML-560-4 which the contract's Income Base is
increased due to an Annual Step-Up on a
contract anniversary occurring on July 1,
2012 or later.
Page 5 of 9
REINSURANCE PREMIUM
INCOME PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------- ----------------------------------------------- --------------------
GMIB Plus I Form ML- All Products sold on or after February 26, 120
560-2 and GMIB Plus II 2007 and before February 23, 2009, for which
Form ML-560-4 the contract's Income Base is increased due
to an Annual Step-Up on a contract
anniversary occurring on July 1, 2012 or later.
GMIB Plus II: Form ML- All Products sold on or before February 20, 75
560-5-NY 2009, for which the contract's Income Base is
not increased due to an Annual Step-Up on a
contract anniversary occurring on July 1,
2012 or later.
GMIB Plus II: Form ML- All Products sold on or before February 20, 115
560-5-NY 2009, for which the contract's Income Base is
increased due to an Annual Step-Up on a
contract anniversary occurring on July 1,
2012 or later.
GMIB Plus II: Form ML- All Products sold after February 20, 2009, for 100
560-4 which the contract's Income Base is not
increased due to an Annual Step-Up on a
contract anniversary occurring on July 1,
2012 or later.
GMIB Plus II: Form ML- All Products sold after February 20, 2009 and 120
ML-560-4 before May 4, 2009, for which the contract's
Income Base is increased due to an Annual
Step-Up on a contract anniversary occurring
on July 1, 2012 or later.
GMIB Plus II: Form ML- All Products sold after February 20, 2009, for 95
560-5 which the contract's Income Base is not
increased due to an Annual Step-Up on a
contract anniversary occurring on July 1,
2012 or later.
GMIB Plus II: Form ML- All Products sold after February 20, 2009 and 115
560-5 before May 4, 2009, for which the contract's
Income Base is increased due to an Annual
Step-Up on a contract anniversary occurring
on July 1, 2012 or later.
GMIB Plus III: Form All Products 100
ML-560-4 or Form ML-
560-6 (11/10) & ML-
RMD (7/10)-E or
ML-560-9-NY (11/10)
and ML-RMD-NY
(7/10)-E
GMIB Max: All Products 100
Form ML-560-4 & ML-
RMD (7/10)-E or
ML-560-9-NY (9/10)
and ML-RMD-NY
(7/10)-E
Page 6 of 9
REINSURANCE PREMIUM
INCOME PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------- ----------------------------------------------- --------------------
GMIB Plus IV: Form All Products 100
ML-560-4 (4/08) or ML-
560-7-(9/11) & ML-RMD
(7/10)-E or ML-560-10-
NY (9/11) & ML-RMD-
NY (7/10)-E
GMIB Xxx XX: All Products 100
Form ML-560-4 (4/08)
or ML-560-8-(9/11) &
ML-RMD (7/10)-E or
ML-560-11-NY (9/11) &
ML-RMD-NY (7/10)-E
GMIB Max III: All Products 100
Form ML-560-4 (4/08)
or ML-560-9-(12/11) or
ML-560-5 (9/10) & ML-
RMD (7/10)-E or ML-
560-12-NY (12/11) &
ML-RMD-NY (7/10)-E
GMIB Xxx XX: All Products 100
Form ML-560-4 (4/08)
or ML-560-11-(8/12) &
ML-RMD (7/10)-E or
ML-560-13-NY (6/12) &
ML-RMD-NY (7/10)-E
Page 7 of 9
C. WITHDRAWAL PROGRAM
REINSURANCE PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
------------------------- ------------------------------------------------- --------------------
Guaranteed Withdrawal All Products sold before 50.00
Benefit July 16, 2007
Guaranteed Withdrawal All Products sold on or after July 16, 2007 55.00
Benefit
Lifetime GWB - Single All Products, for which the contract's GWB 50.00
Life Version Benefit Base is not increased due to an Annual
Step-Up on a contract anniversary occurring on
July 1, 2012 or later.
Lifetime GWB - Single All Products, for which the contract's GWB 80.00
Life Version Benefit Base is increased due to an Annual
Step-Up on a contract anniversary occurring on
July 1, 2012 or later.
Lifetime GWB - Joint Life All Products, for which the contract's GWB 70.00
Version Benefit Base is not increased due to an Annual
Step-Up on a contract anniversary occurring on
July 1, 2012 or later.
Lifetime GWB - Joint Life All Products, for which the contract's GWB 105.00
Version Benefit Base is increased due to an Annual
Step-Up on a contract anniversary occurring on
July 1, 2012 or later.
Lifetime GWB (2008 All Products sold on or before February 20, 65.00
Version) - Single Life 2009, for which the contract's GWB Benefit Base
Version is not increased due to an Annual Step-Up on a
contract anniversary occurring on July 1, 2012 or
later.
Lifetime GWB (2008 All Products sold on or before February 20, 95.00
Version) - Single Life 2009, for which the contract's GWB Benefit Base
Version is increased due to an Annual Step-Up on a
contract anniversary occurring on July 1, 2012 or
later.
Lifetime GWB (2008 All Products sold on or before February 20, 85.00
Version) - Joint Life 2009, for which the contract's GWB Benefit Base
Version is not increased due to an Annual Step-Up on a
contract anniversary occurring on July 1, 2012 or
later.
Lifetime GWB (2008 All Products sold on or before February 20, 120.00
Version) - Joint Life 2009, for which the contract's GWB Benefit Base
Version is increased due to an Annual Step-Up on a
contract anniversary occurring on July 1, 2012 or
later.
Lifetime GWB (2008 All Products sold after February 20, 2009 125.00
Version) - Single Life
Version
Lifetime GWB (2008 All Products sold after February 20, 2009 150.00
Version) - Joint Life
Version
Page 8 of 9
D. ACCUMULATION PROGRAM
REINSURANCE PREMIUM
ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS)
------------------------- ------------------------------------------------ --------------------
Guaranteed Accumulation All Products 75.00
Benefit
Page 9 of 9
