May 1, 2015 JPMorgan Insurance Trust

May 1, 2015

JPMorgan Insurance Trust

000 Xxxx Xxxxxx

New York, NY 10017

Dear Sirs:

X.X. Xxxxxx Investment Management Inc., JPMorgan Funds Management, Inc. and JPMorgan Distribution Services, Inc.¹ (collectively, “JPMorgan Service Providers”) hereby agree to waive fees owed to each JPMorgan Service Provider or to reimburse Portfolio expenses to the extent necessary to limit the total operating expenses for each Portfolio listed on Schedule A. The JPMorgan Service Providers will waive fees or reimburse expenses to the extent total operating expenses exceed the rate of average daily net assets indicated on Schedule A. This expense limitation does not include acquired fund fees and expenses, dividend expenses on securities sold short, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses not incurred in the ordinary course of the Portfolios’ business and expenses related to the X.X. Xxxxxx Funds’ Board of Trustees deferred compensation plan.

The JPMorgan Service Providers understand and intend that the Portfolios will rely on this agreement in preparing and filing their registration statements on Form N-1A and in accruing the Portfolios’ expenses for purposes of calculating net asset value and for other purposes, and expressly permit the Portfolios to do so.

Please acknowledge acceptance on the enclosed copy of this letter.

Very truly yours,

X.X. Xxxxxx Investment Management Inc.

JPMorgan Funds Management, Inc.

JPMorgan Distribution Services, Inc.

/s/ Xxxxxx X. Xxxxx

By: Xxxxxx X. Xxxxx

       Managing Director

Accepted by:

JPMorgan Insurance Trust

/s/ Xxxxx X. Del Xxxxx

By: Xxxxx X. Del Xxxxx

       Treasurer

¹  With respect to JPMorgan Distribution Services, Inc., its responsibilities under this agreement are only applicable to Class 2 shares.

SCHEDULE A

Fund Name		Class				Fiscal Year End		Effective Expense Cap on Total Operating Expenses				Expense Cap Period End
JPMorgan Insurance Trust Core Bond Portfolio			Class 1			December 31			0.60	%		April 30, 2016
			Class 2						0.85	%
JPMorgan Insurance Trust Global Allocation Portfolio			Class 1			December 31			0.78	%		April 30, 2016
			Class 2						1.03	%
JPMorgan Insurance Trust Income Builder Portfolio			Class 1			December 31			0.60	%		April 30, 2016
			Class 2						0.85	%
JPMorgan Insurance Trust Intrepid Mid Cap Portfolio			Class 1			December 31			0.90	%		April 30, 2016
			Class 2						1.15	%
JPMorgan Insurance Trust Mid Cap Value Portfolio			Class 1			December 31			0.90	%		April 30, 2016
JPMorgan Insurance Trust Small Cap Core Portfolio			Class 1			December 31			1.03	%		April 30, 2016
			Class 2						1.28	%
JPMorgan Insurance Trust U.S. Equity Portfolio			Class 1			December 31			0.80	%		April 30, 2016
			Class 2						1.05	%