AMENDMENT ONE ATTACHED TO AND MADE A PART OF THE REINSURANCE AGREEMENT EFFECTIVE APRIL 1,

AMENDMENT ONE

ATTACHED TO AND MADE A PART OF THE

REINSURANCE AGREEMENT EFFECTIVE APRIL 1,

2017 BETWEEN

FARMERS NEW WORLD LIFE INSURANCE

COMPANY

“Ceding

Company” AND

RGA REINSURANCE COMPANY

“Reinsurer”

The Ceding Company and the Reinsurer agree to amend this Reinsurance Agreement as follows:

I. ARTICLE I, DEFINITIONS, the “Premiums” definition is replaced in its entirety by the following:

“Premiums” means premiums, considerations, deposits, policy fees and other similar receipts received by or on behalf of the Ceding Company in respect of the Reinsured Contracts. All Premiums for individual fixed defe1Ted annuities that are “qualified”, as defined by the IRS, with three percent (3%) or four percent (4%) guarantees shall be limited to the greater of (i) $6,000 or (ii) the current IRS maximum XXX contribution per Reinsured Contract per tax year. All Premiums for individual fixed deferred annuities that are “non-qualified”, as defined by the IRS, with three percent (3%) or four percent (4%) guarantees shall be limited to $6,000 per Reinsured Contract per calendar year.

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In witness of the above, this Amendment One is executed in duplicate on the dates indicated below, with an Effective Date of April 1, 2017.

FARMERS NEW WORLD LIFE INSURANCE COMPANY
By:		/s/ Xxxxx Xxxxxxxxx
		Name: Xxxxx Xxxxxxxxx
		Title: CFO
By:		/s/ Xxxxxxx Xxxxxx
		Name: Xxxxxxx Xxxxxx
		Title: Secretary & General Counsel
RGA REINSURANCE COMPANY
By:		/s/ Xxxx X. Xxxxxxxx
		Name: Xxxx X. Xxxxxxxx
		Title: EVP
By:		/s/ Xxxx Xxxxxxx
		Name: Xxxx Xxxxxxx
		Title: SVP

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