AMENDMENT NO. 7 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 April 28, 2008, 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. 7 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. 7 to be signed in
duplicate counterparts as of the date first above written.
METROPOLITAN LIFE INSURANCE COMPANY
By: [Illegible Signature]
---------------------------
Title: AVP & Actuary
---------------------------
EXETER REASSURANCE COMPANY, LTD.
By: [Illegible Signature]
---------------------------
Title: President
---------------------------
Page 1 of 4
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
FORM NUMBERS
------------
Guaranteed Minimum Death Benefits Ceded:
----------------------------------------
Standard Death Benefit - Fifth Year Step-up: Form ML-535 (07/01)
Optional Death Benefit - Annual Step-Up: Form ML-550 (07/01)
Optional Death Benefit - Greater of Annual Step-Up and 5% Rollup: Form
ML-540(07/01)
Additional Death Benefit - Earnings Preservation Benefit (EPB): ML-570
(07/01) Enhanced Death Benefit - Form ML-640-1 (4/08)
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: Form ML-560-2 (05/05)
Guaranteed Minimum Income Benefit Plus: Form ML-560-4 (4/08)
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)
Guaranteed Minimum Accumulation Benefits Ceded:
-----------------------------------------------
Guaranteed Minimum Accumulation Benefit: Form ML-670-1 (11/05)
Page 2 of 4
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, 225020, 225021, 10.00
225030, 225031, 225050, 225110, and 225150
Annual Step-up Other Plan Codes 20.00
Greater of Annual Step-Up and Plan Codes: 225010, 225011, 225020, 25.00
5% Rollup 225021,225030, 225031, 225050, 225110, and
225150
Greater of Annual Step-Up and Other Plan Codes 35.00
5% Rollup
Earnings Preservation All Products 25.00
Benefit
Enhanced Death Benefit All Products, Issue Age 0-69 65.00*
Enhanced Death Benefit All Products, Issue Age 70-75 85.00*
* 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, 2250A1, 45
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, 50
2003 and before May 1, 2005 and for All
Products sold after April 30,2005
GMIB Plus All Products sold after April 30, 2005 and 75
before February 26, 2007.
GMIB Plus All Products sold on or after 80
February 26, 2007.
Page 3 of 4
C. WITHDRAWAL PROGRAM
REINSURANCE PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------------- ------------------------------------------- -------------------
Guaranteed Withdrawal Benefit All Products sold before 50.00
July 16, 2007
Guaranteed Withdrawal Benefit All Products sold on or after July 55.00
16, 2007
Lifetime GWB - Single Life All Products 50.00
Version
Lifetime GWB - Joint Life All Products 70.00
Version
Lifetime GWB (2008 Version) All Products 65.00
- Single Life Version
Lifetime GWB (2008 All Products 85.00
Version) - Joint Life
Version
D. ACCUMULATION PROGRAM
REINSURANCE PREMIUM
ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------------- ------------------------------------------- -------------------
Guaranteed Accumulation All Products 75.00
Benefit
Page 4 of 4
AMENDMENT NO. 8 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, 2008, as follows:
Article XV of the Agreement, as amended, is hereby replaced in its
entirety with the attached Article XV, Contract and Program Changes.
This Amendment No. 8 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. 8 to be
signed in duplicate counterparts as of the date first above written.
METROPOLITAN LIFE INSURANCE COMPANY
By: [Illegible Signature]
------------------------------
Title: AVP & Actuary
------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: [Illegible Signature]
------------------------------
Title: President
------------------------------
Page 1 of 2
ARTICLE XV
CONTRACT AND PROGRAM CHANGES
A. The Cedent shall give the Reinsurer thirty (30) days prior written
notice, unless otherwise agreed to by the Cedent and the Reinsurer,
of any changes to the Reinsured Contracts relating to a Cedent's
annuity product design and/or death benefit design, fees and charges,
distribution systems and/or methods or addition of any riders to any
Reinsured Contract forms.
B. The Cedent shall give the Reinsurer thirty (30) days written notice,
unless otherwise agreed to by the Cedent and the Reinsurer, of any
changes to reinsurance premium and Net Amount at Risk, including
changes for additional riders and changes to existing riders. Unless
the Reinsurer objects in writing within thirty (30) days after such
written notice is received by the Reinsurer, the additional riders,
changes to premium and/or changes to Net Amount at Risk will be
considered reinsured under the Agreement and included in Schedule A,
Plans of Reinsurance, Exhibit II, Reinsurance Premiums, and Article
IV, Net Amount at Risk, respectively. Reinsurance for additional
riders, changes to the reinsurance premium and Net Amount at Risk,
including changes for additional riders and changes to existing
riders shall be effective as of the date specified in the notice from
the Cedent.
C. The Cedent shall provide to the Reinsurer a copy of each general
communication that the Cedent sends to contract holders in any state.
D. The Cedent shall simultaneously provide to the Reinsurer and any
subsequent retrocessionaires, a copy of any notice of any proposed
change in the investment options supporting Reinsured Contracts,
and/or any other accepted changes to the Reinsured Contracts related
to a Cedent's annuity product design and/or death benefit design,
fees, charges, distributions systems and/or methods or additions of
any riders to any Reinsured Contract forms.
Page 2 of 2
AMENDMENT NO. 9 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 14, 2008, 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. 9 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. 9 to be
signed in duplicate counterparts as of the date first above written.
METROPOLITAN LIFE INSURANCE COMPANY
By: [Illegible Signature]
------------------------------
Title: AVP & Actuary
------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: [Illegible Signature]
------------------------------
Title: President
------------------------------
Page 1 of 6
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
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)
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: Form ML-560-2 (05/05)
Guaranteed Minimum Income Benefit Plus: Form ML-560-4 (4/08)
Guaranteed Minimum Income Benefit Plus: Form ML-560-5-NY (7/08)
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)
Lifetime Withdrawal Guaranteed Benefit (2008 Version): Form ML-690-4 (7/08)
Page 2 of 6
Guaranteed Minimum Accumulation Benefits Ceded:
-----------------------------------------------
Guaranteed Minimum Accumulation Benefit: Form ML-670-1 (11/05)
Page 3 of 6
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, 225020, 225021, 10.00
225030, 225031, 225050, 225110, and 225150
Annual Step-up Other Plan Codes 20.00
Greater of Annual Step-Up and Plan Codes: 225010, 225011, 225020, 225021, 25.00
5% Rollup 225030, 225031, 225050, 225110, and 225150
Greater of Annual Step-Up and Other Plan Codes 35.00
5% Rollup
Enhanced Death Benefit All Products, Issue Age 0-69 65.00*
Enhanced Death Benefit All Products, Issue Age 70-75 85.00*
Earnings Preservation All Products 25.00
Benefit
* 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
Page 4 of 6
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, 2250A1, 45
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, 50
2003 and before May 1, 2005 and for All
Products sold after April 30, 2005
GMIB Plus: Forms All Products sold after April 30, 2005 and 75
ML-560-2 and ML-560-4 before February 26, 2007.
GMIB Plus: Forms All Products sold on or after 80
ML-560-2 and ML-560-4 February 26, 2007.
GMIB Plus: Form All Products 75
ML-560-5
Page 5 of 6
C. WITHDRAWAL PROGRAM
REINSURANCE PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------------- ------------------------------------------- -------------------
Guaranteed Withdrawal Benefit All Products sold before 50.00
July 16, 2007
Guaranteed Withdrawal Benefit All Products sold on or after 55.00
July 16, 2007
Lifetime GWB - Single Life All Products 50.00
Version
Lifetime GWB - Joint Life All Products 70.00
Version
Lifetime GWB (2008 Version) All Products 65.00
- Single Life Version
Lifetime GWB (2008 All Products 85.00
Version) - Joint Life
Version
D. ACCUMULATION PROGRAM
REINSURANCE PREMIUM
ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------------- ------------------------------------------- -------------------
Guaranteed Accumulation All Products 75.00
Benefit
Page 6 of 6
A Division of Metropolitan Life Insurance Company [LOGO OF METLIFE(R)]
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
October 10, 2008
Xxxxxxx Xxxxx
President
Exeter Reassurance Company, Ltd.
0000 Xxxxxx Xxxxx Xxxxx
Xxxx Xxxxxx Xxxx, XX 00000
Dear Xxxxxxx:
Please be advised of changes to the Automatic Reinsurance Agreement
effective as of December 1, 2004 (the "Agreement") between Metropolitan
Life Insurance Company and Exeter Reassurance Company, Ltd. Effective
November 10, 2008, coverage for the Preference Premier product will be
included in Schedule A, Plans of Reinsurance. There is no distinct premium
charge for Preference Premier, so Exhibit II, Reinsurance Premiums,
continues unchanged. This letter will serve as notice of these changes and
will amend the Agreement effective November 10, 2008 as follows:
1. The attached Schedule A, Plans of Reinsurance, amends and, as
amended, restates Schedule A, Plans of Reinsurance.
Please sign below to acknowledge your understanding and acceptance of this
change on behalf of Exeter Reassurance Company, Ltd.
If you have any questions or concerns, please contact Xxxxx Xxxxxxxx at
000-000-0000 or Xxxxxxxxx@XxxXxxx.xxx.
Thank you for your assistance.
Sincerely,
/s/ Xxxxxxxxxxx X. Xxxxxx
------------------------------------
Xxxxxxxxxxx X. Xxxxxx
Vice President
Metropolitan Life Insurance Company
ACKNOWLEDGED AND AGREED TO BY EXETER REASSURANCE COMPANY, LTD.
Signature: /s/ Xxxxxxx Xxxxx
-------------------------
Name: Xxxxxxx Xxxxx
Title: Vice President
Page 1 of 3
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% Roilup: Form ML-540(07/01)
Enhanced Death Benefit - Form ML-640-1 (4/08)
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: Form ML-560-2 (05/05)
Guaranteed Minimum Income Benefit Plus: Form ML-560-4 (4/08)
Guaranteed Minimum Income Benefit Plus: Form ML-560-5-NY (7/08)
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)
Lifetime Withdrawal Guaranteed Benefit (2008 Version): Form ML-690-4 (7/08)
Page 2 of 3
Guaranteed Minimum Accumulation Benefits Ceded:
-----------------------------------------------
Guaranteed Minimum Accumulation Benefit: Form ML-670-1 (11/05)
Page 3 of 3
AMENDMENT NO. 11 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 February 20, 2009, as follows:
1. The attached Exhibit II, Reinsurance Premiums, amends and, as
amended, restates Exhibit II, Reinsurance Premiums.
This Amendment No. 11 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. 11 to be
signed in duplicate counterparts as of the date first above written.
METROPOLITAN LIFE INSURANCE COMPANY
By: [Illegible Signature]
-----------------------------
Title: AVP & Actuary
-----------------------------
EXETER REASSURANCE COMPANY, LTD.
By: [Illegible Signature]
-----------------------------
Title: President
-----------------------------
Page 1 of 4
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, 225020, 225021, 10.00
225030, 225031, 225050, 225110, and 225150
Annual Step-up Other Plan Codes 20.00
Greater of Annual Step-Up and Plan Codes: 225010, 225011, 225020, 225021, 25.00
5% Rollup 225030, 225031, 225050, 225110, and 225150
Greater of Annual Step-Up and Other Plan Codes 35.00
5% Rollup
Enhanced Death Benefit All Products, Issue Age 0-69 65.00*
Enhanced Death Benefit All Products sold on or before February 85.00*
20, 2009, Issue Age 70-75
Enhanced Death Benefit All Products sold after February 20, 90.00*
2009, Issue Age 70-75
Earnings Preservation All Products 25.00
Benefit
* 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
Page 2 of 4
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, 2250A1, 45
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, 50
2003 and before May 1, 2005 and for All
Products sold after April 30,2005
GMIB Plus: Forms All Products sold after April 30, 2005 and 75
ML-560-2 and ML-560-4 before February 26, 2007.
GMIB Plus: Forms All Products sold on or after February 26, 80
ML-560-2 and ML-560-4 2007 and on or before February 20, 2009.
GMIB Plus: Forms All Products sold after February 20, 2009. 100
ML-560-2 and ML-560-4
GMIB Plus: Form All Products sold on or before 75
ML-560-5 February 20, 2009
GMIB Plus: Form All Products sold after February 20, 2009 95
ML-560-5
Page 3 of 4
C. WITHDRAWAL PROGRAM
REINSURANCE PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------------- ------------------------------------------- -------------------
Guaranteed Withdrawal Benefit All Products sold before July 16, 2007 50.00
Guaranteed Withdrawal Benefit All Products sold on or after July 16, 2007 55.00
Lifetime GWB - Single Life All Products 50.00
Version
Lifetime GWB - Joint Life All Products 70.00
Version
Lifetime GWB (2008 Version) All Products sold on or before 65.00
- Single Life Version February 20, 2009
Lifetime GWB (2008 All Products sold on or before February 85.00
Version) - Joint Life 20, 2009
Version
Lifetime GWB (2008 Version) All Products sold after February 125.00
- Single Life Version 20, 2009
Lifetime GWB (2008 All Products sold after February 20, 2009 150.00
Version) - Joint Life
Version
D. ACCUMULATION PROGRAM
REINSURANCE PREMIUM
ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------------- ------------------------------------------- -------------------
Guaranteed Accumulation Benefit All Products 75.00
Page 4 of 4
AMENDMENT NO. 12 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 May 4, 2009, as follows:
1. The attached Exhibit II, Reinsurance Premiums, amends and, as
amended, restates Exhibit II, Reinsurance Premiums.
This Amendment No. 12 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. 12 to be
signed in duplicate counterparts as of the date first above written.
METROPOLITAN LIFE INSURANCE COMPANY
By: [Illegible Signature]
----------------------------
Title: AVP & Actuary
----------------------------
EXETER REASSURANCE COMPANY, LTD.
By: [Illegible Signature]
----------------------------
Title: President
----------------------------
Page 1 of 4
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, 225020, 225021, 10.00
225030, 225031, 225050, 225110, and 225150
Annual Step-up Other Plan Codes 20.00
Greater of Annual Step-Up and Plan Codes: 225010, 225011, 225020, 225021, 25.00
5% Rollup 225030, 225031, 225050, 225110, and 225150
Greater of Annual Step-Up and Other Plan Codes 35.00
5% Rollup
Enhanced Death Benefit All Products sold before May 4, 2009, Issue 65.00*
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 February 20, 85.00*
2009, Issue Age 70-75
Enhanced Death Benefit All Products sold after February 20, 2009 90.00*
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
Earnings Preservation All Products 25.00
Benefit
* 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
Page 2 of 4
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, 2250A1, 45
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, 50
2003 and before May 1, 2005 and for All
Products sold after April 30, 2005
GMIB Plus: Forms All Products sold after April 30, 2005 and 75
ML-560-2 and ML-560-4 before February 26, 2007.
GMIB Plus: Forms All Products sold on or after February 26, 80
ML-560-2 and ML-560-4 2007 and on or before February 20, 2009.
GMIB Plus: Forms All Products sold after February 20, 2009. 100
ML-560-2 and ML-560-4
GMIB Plus: Form All Products sold on or before February 20, 75
ML-560-5 2009
GMIB Plus: Form All Products sold after February 20, 2009 95
ML-560-5
Page 3 of 4
C. WITHDRAWAL PROGRAM
REINSURANCE PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------------- ------------------------------------------- -------------------
Guaranteed Withdrawal Benefit All Products sold before July 16, 2007 50.00
Guaranteed Withdrawal Benefit All Products sold on or after July 16, 2007 55.00
Lifetime GWB - Single Life All Products 50.00
Version
Lifetime GWB - Joint Life All Products 70.00
Version
Lifetime GWB (2008 Version) All Products sold on or before February 65.00
- Single Life Version 20, 2009
Lifetime GWB (2008 All Products sold on or before February 20, 85.00
Version) - Joint Life 2009
Version
Lifetime GWB (2008 Version) All Products sold after February 20, 2009 125.00
- Single Life Version
Lifetime GWB (2008 All Products sold after February 20, 2009 150.00
Version) - Joint Life
Version
D. ACCUMULATION PROGRAM
REINSURANCE PREMIUM
ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS)
----------------------------- ------------------------------------------- -------------------
Guaranteed Accumulation All Products 75.00
Benefit
Page 4 of 4
AMENDMENT NO. 13 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 10, 2009, as follows;
1. The attached Schedule A, Plans of Reinsurance, amends and, as amended,
restates Schedule A, Plans of Reinsurance.
This Amendment No. 13 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. 13 to be signed
in duplicate counterparts as of the date first above written.
METROPOLITAN LIFE INSURANCE COMPANY
By: [Illegible Signature]
------------------------------
Title: AVP & Actuary
------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: [Illegible Signature]
------------------------------
Title: President
------------------------------
Page 1 of 3
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)
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: Form ML-560-2 (05/05)
Guaranteed Minimum Income Benefit Plus: Form ML-560-4 (4/08)
Guaranteed Minimum Income Benefit Plus: Form ML-560-5-NY (7/08)
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)
Page 2 of 3
Guaranteed Minimum Accumulation Benefits Ceded:
-----------------------------------------------
Guaranteed Minimum Accumulation Benefit: Form ML-670-1 (11/05)
Page 3 of 3
AMENDMENT NO. 14 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 19, 2010, 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. 14 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. 14 to be signed
in duplicate counterparts as of the date first above written.
METROPOLITAN LIFE INSURANCE COMPANY
By: [Illegible Signature]
------------------------------
Title: Vice President and Sr. Actuary
------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: [Illegible Signature]
------------------------------
Title: AVP & Actuary
------------------------------
Page 1 of 6
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: 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: Form ML-560-2 (05/05)
Guaranteed Minimum Income Benefit Plus: Form ML-560-4 (4/08)
Guaranteed Minimum Income Benefit Plus: Form ML-560-5-NY (7/08)
Guaranteed Minimum Income Benefit Plus III: ML-560-8-NY (7/10) or
Endorsement ML-RMD (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)
Page 2 of 6
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 6
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, 225020, 10.00
225021, 225030, 225031, 225050, 225110,
and 225150
Annual Step-up Other Plan Codes 20.00
Greater of Annual Step-Up and 5% Plan Codes: 225010, 225011, 225020, 25.00
Rollup 225021, 225030, 225031, 225050, 225110,
and 225150
Greater of Annual Step-Up and 5% Other Plan Codes 35.00
Rollup
Enhanced Death Benefit All Products sold before May 4, 2009, 65.00*
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 February 20, 85.00*
2009, Issue Age 70-75
Enhanced Death Benefit All Products sold after February 20, 2009 90.00*
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
Earnings Preservation All Products 25.00
Benefit
* 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
Page 4 of 6
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 50
April 30, 2003 and before
May 1, 2005 and for All Products sold after
April 30,2005
GMIB Plus: Forms All Products sold after April 30, 2005 75
ML-560-2 and ML-560-4 and before February 26, 2007.
GMIB Plus: Forms All Products sold on or after February 26, 80
ML-560-2 and ML-560-4 2007 and on or before February 20, 2009.
GMIB Plus: Form All Products sold on or before 75
ML-560-5 February 20, 2009
GMIB Plus: Forms All Products sold after February 20, 2009 100
ML-560-2, ML-560-4 and
ML-RMD(7/10)-E
GMIB Plus: Form All Products sold after February 20, 2009 95
ML-560-5 and ML-560-8-NY
Page 5 of 6
C. WITHDRAWAL PROGRAM
REINSURANCE PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
-------------------------------- ------------------------------------------- -------------------
Guaranteed Withdrawal Benefit All Products sold before 50.00
July 16, 2007
Guaranteed Withdrawal Benefit All Products sold on or after July 16, 2007 55.00
Lifetime GWB - Single Life All Products 50.00
Version
Lifetime GWB - Joint Life Version All Products 70.00
Lifetime GWB (2008 Version) All Products sold on or before 65.00
- Single Life Version February 20, 2009
Lifetime GWB (2008 All Products sold on or before 85.00
Version) - Joint Life February 20, 2009
Version
Lifetime GWB (2008 Version) All Products sold after February 20, 2009 125.00
- Single Life Version
Lifetime GWB (2008 All Products sold after February 20, 2009 150.00
Version) -JointLife Version
D. ACCUMULATION PROGRAM
REINSURANCE PREMIUM
ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS)
-------------------------------- ------------------------------------------- -------------------
Guaranteed Accumulation Benefit All Products 75.00
Page 6 of 6
AMENDMENT NO. 15 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 DECEMBER 31, 2010, as follows:
1. The parties agree, subject to and conditioned on the regulatory approval of
the reinsurance agreement with an effective date of January 1, 2011 between
Metropolitan Life Insurance Company and MetLife Insurance Company of
Connecticut, to terminate reinsurance coverage on annuity contracts issued
on or after January 1, 2011.
This Amendment No. 15 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. 15 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: Vice President and Senior Actuary
----------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ Xxxxxxxxxxx Xxxxxx
----------------------------------
Name: Xxxxxxxxxxx Xxxxxx
----------------------------------
Title: Assistant Vice President and Actuary
----------------------------------
Page 1 of 1
ACKNOWLEDGEMENT OF THE PARTIES
In respect of
AMENDMENT NO. 15
(the "Amendment")
to the
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF DECEMBER 1, 2004
(the "Agreement")
between
METROPOLITAN LIFE INSURANCE COMPANY
(Cedent)
and
EXETER REASSURANCE COMPANY, LTD.
(Reinsurer)
WHEREAS, the parties executed the Amendment as of December 31, 2010;
WHEREAS, the Amendment provided that "The parties agree, subject to and
conditioned on the regulatory approval of the reinsurance agreement with an
effective date of January 1, 2011 between Metropolitan Life Insurance Company
and MetLife Insurance Company of Connecticut, to terminate reinsurance coverage
on annuity contracts issued on or after January 1, 2011";
WHEREAS, the parties acknowledge that the required regulatory approval of the
reinsurance agreement between Metropolitan Life Insurance Company and MetLife
Insurance Company of Connecticut was not obtained;
NOW, THEREFORE, the parties mutually acknowledge that the required condition
precedent to the effectiveness the Amendment did not occur, and further mutually
acknowledge that the Amendment is of no force and no effect.
This Acknowledgement does not alter, amend or modify the Agreement and the terms
and conditions of the Agreement, as amended, continue in effect without change.
* * *
Page 1 of 2
In Witness whereof, the parties have caused this Acknowledgement to be signed in
duplicate counterparts as of February 16, 2011.
METROPOLITAN LIFE INSURANCE COMPANY
By: /s/ Xxxxxxx Xxxxx
-------------------------------------
Name: Xxxxxxx Xxxxx
-------------------------------------
Title: Vice President and Senior Actuary
-------------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: /s/ Xxxxxxxxxxx Xxxxxx
-------------------------------------
Name: Xxxxxxxxxxx Xxxxxx
-------------------------------------
Title: Assistant Vice President and Actuary
-------------------------------------
Page 2 of 2
AMENDMENT NO. 16 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 APRIL 29, 2011, 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. 16 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. 16 to be signed
in duplicate counterparts as of the date first above written.
METROPOLITAN LIFE INSURANCE COMPANY
By: [Illegible Signature]
-------------------------------------
Title: Vice President and Senior Actuary
-------------------------------------
EXETER REASSURANCE COMPANY, LTD.
By: [Illegible Signature]
-------------------------------------
Title: Assistant Vice President and Actuary
-------------------------------------
Page 1 of 6
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: Endorsement ML-RMD (7/10)-E
Enhanced Death Benefit Max: Form ML-640-1 (4/08)
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: Form ML-560-2 (05/05)
Guaranteed Minimum Income Benefit Plus: Form ML-560-4 (4/08)
Guaranteed Minimum Income Benefit Plus: Form ML-560-5-NY (7/08)
Page 2 of 6
Guaranteed Minimum Income Benefit Plus III: ML-560-8-NY (7/10) or
Endorsement ML-RMD(7/10)-E
Guaranteed Minimum Income Benefit Max: Form ML-560-4 (4/08)
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 6
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, 225020, 10.00
225021, 225030, 225031, 225050, 225110,
and 225150
Annual Step-up Other Plan Codes 20.00
Greater of Annual Step-Up and 5% Plan Codes: 225010, 225011, 225020, 25.00
Rollup 225021, 225030, 225031, 225050, 225110,
and 225150
Greater of Annual Step-Up and 5% Other Plan Codes 35.00
Rollup
Enhanced Death Benefit All Products sold before May 4, 2009, 65.00*
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 February 20, 85.00*
2009, Issue Age 70-75
Enhanced Death Benefit All Products sold after February 20, 2009 90.00*
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
Earnings Preservation All Products 25.00
Benefit
* 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
Page 4 of 6
B. INCOME PROGRAM
REINSURANCE PREMIUM
INCOME PROGRAM PRODUCTS COVERED (BASIS POINTS)
-------------------------------- ------------------------------------------- -------------------
GMIB All Products sold prior to May 1, 2003 35
GMIB & GMIBII Plan codes 225080, 225090, 2250A0, 2250A1, 45
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: Forms All Products sold after April 30, 2005 75
ML-560-2 and ML-560-4 and before February 26, 2007.
GMIB Plus: Forms All Products sold on or after February 80
ML-560-2 and ML-560-4 26, 2007 and on
or before February 20, 2009.
GMIB Plus: Form All Products sold on or before 75
ML-560-5 February 20, 2009
GMIB Plus: Forms All Products sold after February 20, 2009 100
ML-560-2, ML-560-4 and
ML-RMD(7/10)-E
GMIB Plus: Form All Products sold after February 20, 2009 95
ML-560-5 and and before April 29, 2011
ML-560-8-NY
GMIB Plus: Form All products sold on or after April 29, 20111 100
ML-560-5 and
ML-560-8-NY and GMIB
Xxx
Xxxx 5 of 6
C. WITHDRAWAL PROGRAM
REINSURANCE PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
-------------------------------- ------------------------------------------- -------------------
Guaranteed Withdrawal Benefit All Products sold before 50.00
July 16, 2007
Guaranteed Withdrawal Benefit All Products sold on or after July 16, 2007 55.00
Lifetime GWB - Single Life All Products 50.00
Version
Lifetime GWB - Joint Life All Products 70.00
Version
Lifetime GWB (2008 Version) All Products sold on or before 65.00
- Single Life Version February 20, 2009
Lifetime GWB (2008 All Products sold on or before 85.00
Version) - Joint Life February 20, 2009
Version
Lifetime GWB (2008 Version) All Products sold after February 20, 2009 125.00
- Single Life Version
Lifetime GWB (2008 All Products sold after February 20, 2009 150.00
Version) - Joint Life
Version
D. ACCUMULATION PROGRAM
REINSURANCE PREMIUM
ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS)
-------------------------------- ------------------------------------------- -------------------
Guaranteed Accumulation Benefit All Products 75.00
Page 6 of 6
AMENDMENT NO. 17 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 October 10, 2011, 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. 17 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. 17 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 8
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
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: Form ML-560-2 (05/05)
Guaranteed Minimum Income Benefit Plus: Form ML-560-4 (4/08)
Guaranteed Minimum Income Benefit Plus: Form ML-560-5-NY (7/08)
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
Page 2 of 8
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 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 8
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, 225020, 10.00
225021, 225030, 225031, 225050, 225110,
and 225150
Annual Step-up Other Plan Codes 20.00
Greater of Annual Step-Up and 5% Plan Codes: 225010, 225011, 225020, 25.00
Rollup 225021, 225030, 225031, 225050, 225110,
and 225150
Greater of Annual Step-Up and 5% Other Plan Codes 35.00
Rollup
Enhanced Death Benefit All Products sold before May 4, 2009, 65.00*
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 February 20, 85.00*
2009, Issue Age 70-75
Enhanced Death Benefit All Products sold after February 20, 2009 90.00*
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 sold on or after October 10, 65.00
2011, Issue Ages 0-69
Enhanced Death Benefit III All products sold on or after October 10, 115.00
2011, Issue Ages 70-75
Enhanced Death Benefit Xxx XX All products sold on or after October 10, 65.00
2011, Issue Ages 0-69
Enhanced Death Benefit Xxx XX All products sold on or after October 10, 115.00
2011, Issue Ages 70-75
Earnings Preservation All Products 25.00
Benefit
Page 4 of 8
* 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
Page 5 of 8
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, 2250A1, 45
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 and 50
before May 1, 2005 and for All Products sold after
April 30,2005
GMIB Plus: Forms All Products sold after April 30, 2005 and before 75
ML-560-2 and ML- February 26, 2007.
560-4
GMIB Plus: Forms All Products sold on or after February 26, 2007 80
ML-560-2 and ML- and on or before February 20, 2009.
560-4
GMIB Plus: Form All Products sold on or before February 20, 2009 75
ML-560-5
GMIB Plus: Forms All Products sold after February 20, 2009 100
ML-560-2, ML-
560-4 and ML-
RMD (7/10)-E
GMIB Plus: Form All Products sold after February 20, 2009 and 95
ML-560-5 and ML- before April 29, 2011
560-8-NY
GMIB Plus III: All products sold on or after April 29, 20111 100
Form 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 sold on or after April 29, 20111 100
Form ML-560-4 &
ML-RMD (7/10)-E
or
ML-560-9-NY
(9/10) and ML-
RMD-NY(7/10)-E
GMIB Plus IV: All products sold on or after October 10, 20111 100
Form ML-560-4
(4/08) or ML-560-
Page 6 of 8
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 sold on or after October 10, 20111 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
Page 7 of 8
C. WITHDRAWAL PROGRAM
REINSURANCE PREMIUM
WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS)
-------------------------------- ------------------------------------------- -------------------
Guaranteed Withdrawal Benefit All Products sold before July 50.00
16, 2007
Guaranteed Withdrawal Benefit All Products sold on or after July 16, 2007 55.00
Lifetime GWB - Single Life All Products 50.00
Version
Lifetime GWB - Joint Life All Products 70.00
Version
Lifetime GWB (2008 Version) All Products sold on or before February 20, 2009 65.00
- Single Life Version
Lifetime GWB (2008 All Products sold on or before February 20, 2009 85.00
Version) - Joint Life
Version
Lifetime GWB (2008 Version) All Products sold after February 20, 2009 125.00
- Single Life Version
Lifetime GWB (2008 All Products sold after February 20, 2009 150.00
Version) - Joint Life
Version
D. ACCUMULATION PROGRAM
REINSURANCE PREMIUM
ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS)
-------------------------------- ------------------------------------------- -------------------
Guaranteed Accumulation Benefit All Products 75.00
Page 8 of 8
