AMENDMENT to the AUTOMATIC YRT AGREEMENT between MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, (hereinafter referred to as the “Ceding Company”) and THE CANADA LIFE ASSURANCE COMPANY (hereinafter referred to as the “Reinsurer”) Original Treaty...
Exhibit 26. (g) i. a. 3.
AMENDMENT to the
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
C.M. LIFE INSURANCE COMPANY, and
MML BAY STATE LIFE INSURANCE COMPANY
(hereinafter referred to as the “Ceding Company”)
and
THE CANADA LIFE ASSURANCE COMPANY
(hereinafter referred to as the “Reinsurer”)
Original Treaty Effective Date: August 1, 2008
Coverage: Variable Universal Life III / Strategic Life 14-2009 (added 1/1/09)
This Amendment is effective beginning August 1, 2008. The applicable sections of the above-referenced Agreement are hereby changed as follows clarifying premium rates.
| 1. | Schedule E – Reinsurance Premium Rates: |
Schedule E is hereby replaced with the attached Schedule E – Reinsurance Premium Rates (pages 3-4).
| 2. | 2001 VBT Sex and Smoker Distinct Select and Ultimate Table: This table is hereby replaced with the attached 2001 VBT Sex and Smoker Distinct Select and Ultimate Table (pages 5-20). |
All other conditions of this Agreement not in conflict with the terms and conditions of this Amendment will continue unchanged.
IN WITNESS WHEREOF, both parties in duplicate hereby execute this Amendment in good faith:
| MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | ||||||||
| By: | /s/ Xxxxx X Xxxxxx |
Date: | 9-13-11 | |||||
| Xxxxx X. Xxxxxx | ||||||||
| Second Vice President & Actuary | ||||||||
| MML BAY STATE LIFE INSURANCE COMPANY | ||||||||
| By: | /s/ Xxxxx X Xxxxxx |
Date: | 9-13-11 | |||||
| Xxxxx X. Xxxxxx | ||||||||
| Second Vice President & Actuary | ||||||||
| C.M. LIFE INSURANCE COMPANY | ||||||||
| By: | /s/ Xxxxx X Xxxxxx |
Date: | 9-13-11 | |||||
| Xxxxx X. Xxxxxx | ||||||||
| Second Vice President & Actuary | ||||||||
[page break]
Premium Rates eff 8/1/08
THE CANADA LIFE ASSURANCE COMPANY
| By: | /s/ Xxxxxx Xxxxxx |
Date: | Sept 8/11 | |||||
| Print name: Xxxxxx Xxxxxx FSA, FCIA, MAAA | ||||||||
| Title: Senior Vice President Life Reinsurance | ||||||||
| THE CANADA LIFE ASSURANCE COMPANY | ||||||||
| By: | /s/ X X Xxxxxx |
Date: | September 9, 2011 | |||||
| Print name: Xxxx-Xxxxxxxx Xxxxxx, FSA, FCIA | ||||||||
| Title: Vice President Life Reinsurance | ||||||||
[page break]
SCHEDULE E: REINSURANCE PREMIUM RATES
Premiums for Standard Risks (Currency – U.S. Dollars)
. The premium rates :
Single Life Five-Class
Issue Ages
| Risk Class |
Male | Female | ||
|
|
The premium shall be . Reinsurance premiums are .
[page break]
SCHEDULE E: REINSURANCE PREMIUM RATES
(Continued)
Premium Rates for Table Rated Risks
For life insurance on a risk classified as substandard which is assigned a table rating, the reinsurance premium rates per thousand shall be the premium rates specified above in the section titled Premiums for Preferred Risks increased by % per table. (For example, the premium rate for a Table 4, or D, risk would be % of the preferred premium rate).
Premium Rates for Risks with Flat Extras
Flat Extras shall be added to mortality rates calculated based upon net amount at risk. For a risk assigned a flat extra premium, the reinsurance premium rates per thousand shall be the premium rates for the appropriate risk class, as the case may be, specified above in Premiums for the
appropriate risk class increased by the following percentages of the flat extra premiums applicable to the initial face amount reinsured:
| (1) | % of the first policy year and % for renewal years if the extra premium is payable for more than five (5) years; |
| (2) | % for all policy years if the extra premium is payable for five (5) years or less. |
Policy Fees: No policy fees shall be paid under this Agreement.
[page break]
Male Nonsmoker 2001 Valuation Basic Table
Issue Age 0-51, Policy Years 1-14
[table deleted]
[page break]
Male Nonsmoker 2001 Valuation Basic Table
Issue Age 0-51, Policy Years 15-25
[table deleted]
[page break]
Male Nonsmoker 2001 Valuation Basic Table
Issue Age 52-99, Policy Years 1-14
[table deleted]
[page break]
Male Nonsmoker 2001 Valuation Basic Table
Issue Age 52-99, Policy Years 15-25
[table deleted]
[page break]
Male Smoker 2001 Valuation Basic Table
Issue Age 0-51, Policy Years 1-14
[table deleted]
[page break]
Male Smoker 2001 Valuation Basic Table
Issue Age 0-51, Policy Years 15-25
[table deleted]
[page break]
Male Smoker 2001 Valuation Basic Table
Issue Age 52-99, Policy Years 1-14
[table deleted]
[page break]
Male Smoker 2001 Valuation Basic Table
Issue Age 52-99, Policy Years 15-25
[table deleted]
[page break]
Female Non Smoker 2001 VBT Basic Table
Issue Age 0-51, Policy Years 1-14
[table deleted]
[page break]
Female Non Smoker 2001 VBT Basic Table
Issue Age 0-51, Policy Years 15-25
[table deleted]
[page break]
Female Non Smoker 2001 VBT Basic Table
Issue Age 52-99, Policy Years 1-14
[table deleted]
[page break]
Female Non Smoker 2001 VBT Basic Table
Issue Age 52-99, Policy Years 15-25
[table deleted]
[page break]
Female Smoker 2001 VBT Basic Table
Issue Age 0-51, Policy Years 1-14
[table deleted]
[page break]
Female Smoker 2001 VBT Basic Table
Issue Age 0-51, Policy Years 15-25
[table deleted]
[page break]
Female Smoker 2001 VBT Basic Table
Issue Age 52-99, Policy Years 1-14
[table deleted]
[page break]
Female Smoker 2001 VBT Basic Table
Issue Age 52-99, Policy Years 15-25
[table deleted]
[page break]
AMENDMENT to the
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
MML BAY STATE LIFE INSURANCE COMPANY, and
C.M. LIFE INSURANCE COMPANY
(hereinafter the “Ceding Company”)
and
THE CANADA LIFE ASSURANCE COMPANY
(hereinafter the “Reinsurer”)
Original Treaty Effective Date: August 1, 2008
Coverage: Variable Universal Life III / Strategic Life 14-2009 (added 1/1/09)
For new policies issued on or after July 1, 2011, the Amendment effective date, the Ceding Company and the Reinsurer agree to replace Schedule G – Underwriting Guidelines of the above-referenced Agreement in its entirety with the attached Schedule G – Underwriting Guidelines which reflects underwriting changes.
All terms and conditions of this Agreement not in conflict with the terms and conditions of this Amendment shall continue unchanged.
IN WITNESS WHEREOF, this Amendment is hereby executed in good faith by both parties:
| MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | ||||||||
| By: | /s/ Xxxxx X Xxxxxx |
Date: | 2-13-12 | |||||
| Xxxxx X. Xxxxxx | ||||||||
| Vice President & Actuary | ||||||||
| MML BAY STATE LIFE INSURANCE COMPANY | ||||||||
| By: | /s/ Xxxxx X Xxxxxx |
Date: | 2-13-12 | |||||
| Xxxxx X. Xxxxxx | ||||||||
| Vice President & Actuary | ||||||||
| C.M. LIFE INSURANCE COMPANY | ||||||||
| By: | /s/ Xxxxx X Xxxxxx |
Date: | 2-13-12 | |||||
| Xxxxx X. Xxxxxx | ||||||||
| Vice President & Actuary | ||||||||
[page break]
UW Guidelines eff. 7/1/11
THE CANADA LIFE ASSURANCE COMPANY
| By: | /s/ Xxxxxx Xxxxx |
Date: | Feb 3, 2012 | |||||
| Print name: Xxxxxx Xxxxx | ||||||||
| Title: President and COO | ||||||||
| THE CANADA LIFE ASSURANCE COMPANY | ||||||||
| By: | /s/Xxxx-Xxxxxxxx Xxxxxx |
Date: | Feb 6, 2012 | |||||
| Print name: Xxxx-Xxxxxxxx Xxxxxx | ||||||||
| Title: SVP, Life Reinsurance | ||||||||
[page break]
SCHEDULE G: UNDERWRITING GUIDELINES
—
[table deleted]
[page break]
SCHEDULE G: UNDERWRITING GUIDELINES (Continued)
Age and Amount Underwriting Requirements Guide
Permanent Products1 - Effective September 2011
[table deleted]
[page break]
SCHEDULE G: UNDERWRITING GUIDELINES (Continued)
APS Guidelines
July 2011
[table deleted]
| • |
|
| • |
|
| • |
|
AMENDMENT to
ALL REINSURANCE AGREEMENTS
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
MML BAY STATE LIFE INSURANCE COMPANY, and
C.M. LIFE INSURANCE COMPANY
(hereinafter the “Ceding Company”)
and
THE CANADA LIFE ASSURANCE COMPANY
(hereinafter the “Reinsurer”)
Effective August 1, 2011, the Amendment effective date, the corporate retention of the Ceding Company will be revised per the attached retention schedule.
All terms and conditions of this Agreement not in conflict with the terms and conditions of this Amendment shall continue unchanged.
IN WITNESS WHEREOF, this Amendment is hereby executed in good faith by both parties:
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
| By: | /s/ Xxxxx X Xxxxxx |
Date: | 9-13-11 | |||||
| Xxxxx X. Xxxxxx | ||||||||
| Second Vice President & Actuary | ||||||||
| MML BAY STATE LIFE INSURANCE COMPANY | ||||||||
| By: | /s/ Xxxxx X Xxxxxx |
Date: | 9-13-11 | |||||
| Xxxxx X. Xxxxxx | ||||||||
| Second Vice President & Actuary | ||||||||
| C.M. LIFE INSURANCE COMPANY | ||||||||
| By: | /s/ Xxxxx X Xxxxxx |
Date: | 9-13-11 | |||||
| Xxxxx X. Xxxxxx | ||||||||
| Second Vice President & Actuary | ||||||||
[page break]
Retention Limits Eff. 8/1/11
THE CANADA LIFE ASSURANCE COMPANY
| By: | /s/ Xxxxxx Xxxxxx |
Date: | Sept 8/11 | |||||
| Print name: Xxxxxx Xxxxxx FSA, FCIA, MAAA | ||||||||
| Title: Senior Vice President Life Reinsurance | ||||||||
| THE CANADA LIFE ASSURANCE COMPANY | ||||||||
| By: | /s/ X X Xxxxxx |
Date: | September 9, 2011 | |||||
| Print name: Xxxx-Xxxxxxxx Xxxxxx, FSA, FCIA | ||||||||
| Title: Vice President Life Reinsurance | ||||||||
[page break]
RETENTION LIMITS
[table deleted]
Effective 8/1/11
