Amendment Number 5 to the Second Amended and Restated Automatic Indemnity Reinsurance Agreement
Exhibit 99.B(7)(a)(iii)
Amendment Number 5
to the
Second Amended and Restated Automatic Indemnity Reinsurance Agreement
This Amendment between The Lincoln National Life Insurance Company of Fort Xxxxx, Indiana (the “Ceding Company”) and Lincoln National Reinsurance Company (Barbados) Limited, a Barbados Corporation (“the Reinsurer”) is effective February 20, 2018.
RECITALS
1. The Ceding Company and the Reinsurer entered into an Automatic Indemnity Reinsurance Agreement effective July 1, 2003, as amended and restated effective November 1, 2013, and as further amended by amendments executed June 9, 2016, October 20, 2016, March 30, 2017, and July 15, 2017 (“the Agreement”).
2. Article XVII, Section 8 of this Agreement permits amendments as long as they are made in writing, signed by duly authorized officers of both parties.
3. The Ceding Company and the Reinsurer wish to make such an amendment to add new versions of two of the riders to the Agreement.
AGREEMENT
NOWTHEREFORE, in consideration of these premises and the mutual covenants contained herein, the Ceding Company and the Reinsurer agree to amend the Agreement as follows:
1. Effective February 20, 2018, new versions of the Lincoln Lifetime Income SMAdvantage 2.0 (Managed Risk) and the Lincoln Market Select ® Advantage riders shall be added to Schedule A of the Agreement.
2. The Ceding Company and the Reinsurer agree that Schedule A of the Agreement shall be replaced in its entirety with Schedule A attached hereto.
All terms, provisions and conditions of this Agreement will continue unchanged except as specifically revised in this Amendment.
In WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized representatives.
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LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) LIMITED |
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THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | ||
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By: |
/s/ Xxxxxx Xxxx |
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By: |
/s/ Xxxxxxx Xxxxx |
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Name: Xxxxxx Xxxx |
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Name: Xxxxxxx Xxxxx | ||
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Title: AVP |
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Title: SVP | ||
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Date: 3/20/18 |
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Date: 3/20/18 | ||
AWD Number K201070103
Amendment number 5
SCHEDULE A
Reinsurance of Guaranteed Benefits (“GB”)
Effective February 20, 2018
Each contract listed in Schedule B contains one or more GB. GBs which are covered by this Agreement include the following:
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Marketing Name of Benefit |
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Policy Form Nos. |
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Death Benefit Riders |
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Guarantee of Principal Death Benefit Rider* |
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32148 |
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Enhanced Guaranteed Minimum Death Benefit Rider* |
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32149 |
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5% Step-Up Death Benefit Rider* |
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32150 |
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7 Year Ratchet Death Benefit on American Legacy I & II* |
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— |
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Estate Enhancement Death Benefit Rider* |
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32151 |
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Highest Anniversary Death Benefit Rider eff. 1/9/17* |
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AR-593 |
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Guarantee of Principal Death Benefit Rider eff. 1/9/17* |
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ICC16-32148 |
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Guarantee of Principal Death Benefit Rider eff. 1/9/17* |
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32148 (9-16) |
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Earnings Optimizer Death Benefit Rider eff. 11/16/15 |
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AR-590 |
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Lincoln SmartSecurity® Advantage |
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Variable Annuity Rider |
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32793 |
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i4LIFE® Advantage with Guaranteed Income Benefit |
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Variable Annuity Income Rider |
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I4LA |
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Variable Annuity Payment Option Rider |
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I4LA-Q |
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Variable Annuity Payment Option Rider |
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I4LA-NQ |
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Guaranteed Income Benefit |
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GIB |
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Increasing GIB |
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IGIB |
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Annual XXX |
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XXXX |
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Select Guaranteed Income Benefit |
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AR-528 |
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i4LIFE® Advantage with Guaranteed Income Benefit (Managed Risk) eff. 5/21/12 |
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AR-528 |
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4LATER® Advantage |
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Guaranteed Income Later Rider |
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4Later |
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4LATER® Advantage (Managed Risk) eff. 7/2/12 |
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AR-547 |
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4LATER® Select Advantage eff. 0/0/00 |
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XX-000 |
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Xxxxxxx Lifetime Income SMAdvantage |
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Variable Annuity Living Benefits Rider |
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AR-512 |
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Variable Annuity Living Benefits Rider (LINC Plus)* |
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AR-512P |
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Lincoln Lifetime Income SMAdvantage 2.0 & |
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Lincoln Lifetime Income SMAdvantage 2.0 (Managed Risk) eff. 4/2/12 |
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Variable Annuity Living Benefits Rider eff. 4/2/12* |
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AR-529 |
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Variable Annuity Guarantee Income Benefit (NY version) |
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AR-529 |
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Variable Annuity Living Benefits Rider eff. 1/20/15 |
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AR-566 |
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Variable Annuity Living Benefits Rider eff. 2/20/18 |
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AR-607 |
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Lincoln Market Select ® Advantage |
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Variable Annuity Living Benefits Rider eff. 10/5/15 |
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AR-587 |
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Variable Annuity Living Benefits Rider eff. 5/16/16 |
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AR-591 |
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Variable Annuity Guarantee Income Benefit (NY version) eff. 8/29/16 |
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AR-529 |
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Variable Annuity Living Benefits Rider eff. 2/20/18 |
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AR-607 |
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Lincoln Long-TermCareSMAdvantage Rider |
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Long-Term Care Coverage Endorsement |
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AE-517 |
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Long-Term Care Benefits Rider |
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AR-518, AR-519 |
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Core Income Benefit — eff. 2/21/17 |
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AR-592 |
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Lincoln Max 6 SelectSM Advantage — eff. 5/22/17 |
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AR-600 |
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* issued by Ceding Company only
