Amendment #1
to the
AUTOMATIC AND FACULTATIVE
YEARLY RENEWABLE TERM REINSURANCE AGREEMENT
EFFECTIVE January 1, 2000
Between
PRUCO LIFE INSURANCE COMPANY
(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 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
(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 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
(PRUCO)
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 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 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 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 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.
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 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's notice. If PRUCO 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 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'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 that SWISS RE is a licensed or accredited reinsurer under the applicable laws and
regulations of Arizona and that SWISS RE satisfies the current, applicable legal and regulatory requirements in Arizona
necessary to entitle PRUCO to take the maximum credit for the risks ceded under this Agreement on its statutory financial
statements. SWISS RE acknowledges that PRUCO 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'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'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 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 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
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 (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 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 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.
