Automatic Reinsurance Agreement

Between

JEFFERSON-PILOT LIFE INSURANCE COMPANY
XXXXXXXXX XXXXXXXX LIFE INSURANCE COMPANY OF AMERICA
FIRST XXXXXXXXX XXXXXXXX LIFE INSURANCE COMPANY
JEFFERSON PILOT FINANCIAL INSURANCE COMPANY
JEFFERSON PILOT LIFEAMERICA INSURANCE COMPANY
GUARANTEE LIFE INSURANCE COMPANY
(REINSURED, COLLECTIVELY REFERRED TO AS YOU, YOUR)

and

SWISS RE LIFE & HEALTH AMERICA INC.

of Stamford, Connecticut
(REINSURER, REFERRED TO AS WE, US, OUR)

EFFECTIVE MAY 1, 2000

CONTENTS

ARTICLES

I Basis of Reinsurance 1
II Liability 3
III Notification of Reinsurance 3
IV Plans of Reinsurance 4
V Reinsurance Premiums 4
VI Premium Accounting 5
VII Oversights 6
VIII Reductions, Terminations and Changes 6
IX Increase In Retention 7
X Reinstatement 8
XI Expenses 8
XII Claims 9
XIII Inspection of Records 10
XIV Insolvency 10
XV Arbitration 11
XVI Parties to Agreement 11
XVII DAC Tax - Section 1.848-2(g)(8) Election 12
XVIII Entire Agreement 12
XIX Duration of Agreement 13

SCHEDULES

A Specifications
B Benefits
C Exceptions
D Definitions

EXHIBITS

I Retention Limits
II Reinsurance Premiums
III Guidelines for Conversions/Replacements
IV Substandard Automatic Program
V Impaired Risk Program
VI Simplified Issue Program
VII Guaranteed Issue Program
VIII Foreign National Program

ALL SCHEDULES AND EXHIBITS ATTACHED WILL BE CONSIDERED PART OF THIS AGREEMENT.
HOWEVER, SCHEDULE C DOES CHANGE THE ACTUAL BODY OF THIS AGREEMENT.

ARTICLE I
BASIS OF REINSURANCE

Reinsurance under this Agreement must be life insurance as stated in Schedule A.
You must automatically reinsure the life insurance for the plans as stated in
Schedule A and any additional benefits listed in Schedule B.

1. REQUIREMENTS FOR AUTOMATIC REINSURANCE:

A. The individual risk must be a citizen or a permanent resident of the
United States.

B. The individual risk must be underwritten by you according to your
standard underwriting practices and guidelines.

C. Any risk offered on a facultative basis by you to us or any other
company will not qualify for automatic reinsurance.

D. The maximum issue age on any risk will be age 85.

E. The mortality rating on each individual risk must not exceed Table 16,
Table P, 500% or its equivalent on a flat extra premium basis, i.e.
$40.00/1000. For policies issued at ages 80-85 (based on the age of
healthiest life), the maximum table rating accepted on an automatic
basis is table 4 or 200% of standard, i.e. $10.00/1000.

F. The maximum amount of insurance issued and applied for in all
companies on each risk must not exceed the jumbo limits as stated in
Schedule A.

Article I Continues...

G. If because of previous retention on other policies, retaining
$2,000,000 of the risk on this policy will exceed your retention
limit, then you may retain less than $2,000,000 of the risk on this
policy.

H. The maximum amounts of insurance to be reinsured on a life must not
exceed the automatic binding limits as stated in Schedule A.

I. Once facultative reinsurance has been utilized on a case, any
subsequent business on that case must be submitted for facultative
review, unless both of the following conditions hold:

1. Prior facultative submissions are at least 3 years old AND,

2. Prior condition(s) on policies in item #1 that substantiated the
need for facultative reinsurance no longer exist(s).

2. REQUIREMENTS FOR FACULTATIVE REINSURANCE:

A. Plan of Insurance Listed in Schedule A:

(1) If the Requirements for Automatic Reinsurance are met but you
prefer to apply for facultative reinsurance, then you must submit
to us all the papers relating to the insurability of the
individual risk for facultative reinsurance.

(2) If Requirements for Automatic Reinsurance are not met, then you
must submit to us all the papers relating to the insurability of
the individual risk for facultative reinsurance.

3. A. An application for facultative reinsurance may include life insurance
with or without either disability waiver of premium or accidental
death or both. Only accidental death reinsurance may be submitted
without an application for life reinsurance.

B. Copies of all the papers relating to the insurability of the
individual risk must be sent to us for facultative reinsurance. After
we have examined the papers sent, we will promptly notify you of our
final underwriting offer or our underwriting offer subject to
additional requirements. Our final underwriting offer on the
individual risk will automatically terminate when one of the following
situations occurs:

(1) The date we receive notice from you of the withdrawal of your
application, or

(2) 120 days after we made our offer or

(3) The date specified in our approval to extend our offer.

ARTICLE II
LIABILITY

1. Our liability for automatic reinsurance will begin simultaneously with your
liability.

2. Our liability for facultative reinsurance on the individual risk will begin
simultaneously with your liability once we have accepted in writing the
application for facultative reinsurance.

3. Our liability for reinsurance on the individual risk will terminate:

A. When your liability terminates or

B. Subject to the conditions listed in Article VIII.

4. The initial and subsequent reinsurance premiums must be received by us on a
timely basis for us to maintain our liability of each individual risk.

5. Whenever you issue a Conditional Receipt and the applicant dies before a
policy is approved as applied for and you are held liable under Conditional
Receipt, then the underwriting judgement and classification of both you and
the reinsurer will be set aside except as provided under facultative cases
described in 5b, and the risk will be considered standard for purposes of
determining your retention.

A. If the policy applied for would be included in automatic coverage, you
will retain your full standard retention either under excess or
first-dollar arrangements accordingly and may bind the reinsurer for
their share of any excess over that retention.

B. If you send a conditional receipt risk facultatively and the applicant
dies before an offer or denial is made by the reinsurer(s), then you
will wait to inform the reinsurer(s) of the death until the responses
have been received and the reinsured risk, if still qualifying for
conditional receipt coverage, shall be divided equally between those
reinsurers who assigned it the lowest mortality classification. See 6a
below for the limits of reinsurer liability.

6. Our liability under Section 5. above will be limited to an amount equal to
the lesser of the following:

A. The amount of your liability which is in excess of your retention
limit for the risk involved, or

B. 1/6th of $1,000,000.

7. You will submit a copy of your conditional receipt to us and will promptly
notify us of any changes.

ARTICLE III
NOTIFICATION OF REINSURANCE

1. You will inform us of any reinsurance by submitting a monthly accounting
statement as described in Article VI.

ARTICLE IV
PLANS OF REINSURANCE

1. Life reinsurance will be on the basis as stated in Schedule B.

2. When requested, you must furnish us with a copy of each policy, rider, rate
book and cash value table which applies to the life insurance reinsured.

ARTICLE V
REINSURANCE PREMIUMS

1. Life Reinsurance Premiums.

A. Life Reinsurance Premiums Paid on a Yearly Renewable Term Basis.

The life reinsurance premium on the net amount at risk will be
determined from Exhibit II.

B. Deficiency Reserves of the Yearly Renewable Term Premiums.

We anticipate that the premium rates in Exhibit II will be continued
indefinitely for all of the life reinsurance to which such rates will
apply.

However, because of technical questions in some states regarding
deficiency reserves, if any one or more of such premium rates for any
policy year or years after the first will be less than the net premium
rate or rates based on the 1980 CSO Table for the applicable mortality
rating with interest at the rate specified in the Standard Valuation
Law, then, in that event, only the latter rate will be guaranteed by
us.

ARTICLE VI
PREMIUM ACCOUNTING

1. Payment of Reinsurance Premiums.

A. The reinsurance premiums will be paid to us on the basis stated in
Exhibit II.

B. Within twenty-five days after the close of each month, you will send
us a copy of a statement listing first year and renewal reinsurance
premiums less refunds and allowances (dividends and cash values, if
applicable) and other data mutually agreed upon by both parties.

C. If the net reinsurance premium balance is payable to us, you must
include this payment with your statement. If the net reinsurance
premium balance is not received by us or a statement is not prepared
and sent to us within twenty-five days after the close of the month,
the reinsurance premiums for all of the reinsurance risks listed on
the statement will be delinquent.

D. If the net reinsurance premium balance is payable to you, we must
remit our payment to you within thirty days after receiving your
statement.

2. Termination Because of Non-Payment of Premium.

When reinsurance premiums are delinquent, we have the right to terminate
the reinsurance risks on the statement by giving you thirty days' written
notice. As of the close of this thirty-day period, all of our liability
will terminate for:

A. The risks described in the preceding sentence and

B. The risks where the reinsurance premiums became delinquent during the
thirty-day period.

Regardless of these terminations, you will continue to be liable to us for
all unpaid reinsurance premiums earned by us.

3. Reinstatement of a Delinquent Statement.

You may reinstate the terminated risks within sixty days after the
effective date of termination by paying the unpaid reinsurance premiums for
the risks in force prior to the termination. However, we will not be liable
for any claim incurred between the date of termination and reinstatement.
The effective date of reinstatement will be the day we receive the required
back premiums.

4. Currency.

The reinsurance premiums and benefits payable under this Agreement will be
payable in the lawful money of the United States.

5. Within sixty days after the close of the calendar year, you will send us an
inforce listing of all policies reinsured under this Agreement.

ARTICLE VII
OVERSIGHTS

1. If there is an unintentional oversight or misunderstanding in the
administration of this Agreement by either company, it can be corrected
provided the correction takes place promptly after the time the oversight
or misunderstanding is first discovered. Both companies will be restored to
the position they would have occupied had the oversight or misunderstanding
not occurred.

ARTICLE VIII
REDUCTIONS, TERMINATIONS AND CHANGES

1. If there is a contractual or non-contractual replacement or change in the
insurance reinsured under this Agreement where full underwriting evidence
according to your regular underwriting rules is not required, the insurance
will continue to be reinsured with us under most recent relevant agreement.

2. If the insurance reinsured under this Agreement increases and

A. The increase is subject to new underwriting evidence, the provisions
of Article I shall apply to the increase in reinsurance.

B. The increase is not subject to new underwriting evidence, we will
accept automatically the increase in reinsurance but not to exceed our
automatic binding limit.

3. If the insurance reinsured under this Agreement is increased or reduced,
the reinsurance for the individual risk involved will be increased or
reduced according to the current retention schedule on the effective date
of increase or reduction.

If an individual life is shared by more than one reinsurer, our share of
the increase or decrease will be the same percentage as our initial
reinsurance on the individual risk.

4. If any portion of the total insurance retained by you on an individual life
reduces or terminates, any reinsurance under this Agreement based on the
same life will also be reduced or terminated. You will reduce your
reinsurance by applying the retention limits which were in effect at the
time the policy was issued. You will not be required to retain an amount in
excess of your regular retention limit for the age, mortality rating and
risk classification at the time of issue for any policy on which
reinsurance is being reduced.

Article VIII Continues..

You must first reduce the reinsurance of the insurance which has the same
mortality rating as the terminated insurance. If further reduction is
required, the reinsurance to be terminated or reduced will be determined by
chronological order in which the reinsurance was first reinsured.

5. If the insurance for a risk is shared by more than one reinsurer, our
percentage of the increased or reduced reinsurance will be the same as our
initial percentage of reinsurance of the individual risk.

6. If insurance reinsured under this Agreement is terminated, the reinsurance
for the individual risk involved will be terminated on the effective date
of termination.

7. On facultative reinsurance, if you wish to reduce the mortality rating,
this reduction will be subject to the facultative provisions of this
Agreement.

8. If at the time of a contractual or non-contractual change, you elect not to
continue to reinsure the risk with us, you must pay us an early recapture
charge as negotiated with us.

9. We will refund to you all unearned reinsurance premiums not including
policy fees, less applicable allowances, arising from reductions,
terminations and changes as described in this Article.

10. Changes as a result of extended term or reduced paid-up will be handled
like reductions.

ARTICLE IX
INCREASE IN RETENTION

1. If you should increase the retention limits as listed in Exhibit I, prompt
written notice of the increase must be given to us.

2. You will have the option of recapturing the reinsurance under this
Agreement when your retention limit increases. You may exercise your option
to recapture by giving written notice to us within ninety days after the
effective date of the increase.

3. If you exercise your option to recapture, then

A. You must reduce the reinsurance on each individual life on which you
retained your maximum retention limit for the age and mortality rating
that was in effect at the time the reinsurance was ceded to us.

Article IX Continues...

B. No recapture will be made to reinsurance on an individual life if (a)
you retained a special retention limit less than your maximum
retention limit for the age and mortality rating in effect at the time
the reinsurance was ceded to us, or if (b) you did not retain
insurance on the life.

C. You must increase your total amount of insurance on the individual
life up to your new retention limit by reducing the reinsurance. If an
individual life is shared by more than one reinsurer, our percentage
of the reduced reinsurance will be the same percentage as our initial
reinsurance on the individual risk.

D. The reduction of reinsurance will become effective on the later of the
following dates:

(1) The policy anniversary date immediately following the effective
date of your increase in retention limits.

(2) The number of years stated in Schedule A starting with the
'policy date' shown on the monthly accounting statement.

4. The recapture provisions, stated above, do not apply to the SCORE Term
products. These products are not eligible for recapture. as stated in
Schedule A.

ARTICLE X
REINSTATEMENT

1. If insurance lapses for nonpayment of premium and is reinstated under your
terms and rules, the reinsurance will be reinstated by us. You must pay us
all back reinsurance premiums in the same manner as you received insurance
premiums under your policy.

ARTICLE XI
EXPENSES

1. You must pay the expense of all medical examinations, inspection fees and
other charges in connection with the issuance of the insurance.

ARTICLE XII
CLAIMS

1. Our liability for the insurance benefits reinsured under this Agreement
will be the same as your liability for such benefits. All reinsurance claim
settlements will be subject to the terms and conditions of the particular
contract under which you are liable.

2. When you are advised of a claim, you must promptly notify us.

3. If a claim is made under insurance reinsured under this Agreement, we will
abide by the issue as it is settled by you. When you request payment of the
reinsurance proceeds, you must deliver a copy of the proof of death and the
claimant's statement to us.

4. Payment of reinsurance proceeds will be made in a single sum regardless of
your mode of settlement.

5. A. You must promptly notify us of your intent to contest insurance
reinsured under this Agreement or to assert defenses to a claim for
such insurance. If your contest of such insurance results in the
reduction of your liability, we will share in this reduction. Our
percentage of the reduction will be our net amount of risk on the
individual life as it relates to your total net amount at risk on the
date of the death of the insured.

B. If we should decline to participate in the contest or assertion of
defenses, we will then release all of our liability by paying you the
full amount of reinsurance and not sharing in any subsequent reduction
in liability.

6. If the amount of insurance provided by the policy or policies reinsured
under this Agreement is increased or reduced because of a misstatement of
age or sex established after the death of the insured, we will share with
you in this increase or reduction. Our share of this increase or reduction
will be the percentage that our net liability relates to your total net
liability and that of other reinsurers, immediately prior to this increase
or reduction. In the case of reinsurance on the yearly renewable term
basis, our reinsurance will be calculated from the inception date of the
policy on the adjusted amounts using the premiums and reserves applicable
to the correct age or sex. Any adjustment in reinsurance premiums will be
made without interest.

7. You must pay the routine expenses incurred in connection with settling
claims. These expenses may include compensation of agents and employees and
the cost of routine investigations.

Article XII Continues...

8. We will share with you all expenses that are not routine. Expenses that are
not routine are those directly incurred in connection with the contest or
the possibility of a contest of insurance or the assertion of defenses.
These expenses will be shared in proportion to the net sum at risk for both
of us. However, if we have released our liability under Section 6. of this
Article, we will not share in any expenses incurred after our date of
release.

9. In no event will we have any liability for any extra-contractual damages
which are rendered against you as a result of acts, omissions or course of
conduct committed by you in connection with the insurance reinsured under
this Agreement, unless we have been made aware of the demand for
extra-contractual damages and elect to participate in the litigation.

ARTICLE XIII
INSPECTION OF RECORDS

1. We will have the right, at any reasonable time, to inspect your books and
documents which relate to your reinsurance under this Agreement.

ARTICLE XIV
INSOLVENCY

1. If you become insolvent, all of the reinsurance due you will be paid
immediately upon demand directly to your liquidator (receiver or statutory
successor), without decrease.

2. If you become insolvent, the liquidator will give us written notice of a
pending claim against you for insurance reinsured under this Agreement
within a reasonable time after the claim is filed in the insolvency
proceeding. During the insolvency proceedings where the claim is to be
settled, we may investigate this pending claim and mediate in your or your
liquidator's name, but at our own expense, with any defense or defenses
which we may believe available to you or your liquidator.

3. The expenses incurred by us will be chargeable, subject to court approval,
against you as part of the expense of liquidation. The benefit which you
may accumulate solely as a result of the defense undertaken by us will be
shared proportionately. Where two or more reinsurers are involved in the
same claim and a majority in interest elect to mediate a defense or
defenses to this claim, the expense will be shared as though such expense
had been incurred by you.

4. In the event of our insolvency and the appointment of receivers therefor,
our liability shall not terminate but shall continue with respect to the
reinsurance ceded to us by you prior to the date of such insolvency or
appointment, and you shall have a security interest in any and all sums,
pertaining to this agreement, held by or under deposit in our name.

ARTICLE XV
ARBITRATION

1. Any controversy or claim arising out of or relating to this Agreement will
be settled by arbitration.

2. There must be three arbitrators who will be active or retired officers of
life insurance or life reinsurance companies other than the contracting
companies or their subsidiaries or affiliates. Each of the contracting
companies will appoint one of the arbitrators and these two arbitrators
will select the third.

In the event either contracting company is unable to choose an arbitrator
within thirty days after the other contracting company has given written
notice of its arbitrator appointment, the contracting company which has
given written notice may choose two arbitrators who shall in turn choose a
third arbitrator before entering arbitration. If the two arbitrators are
unable to agree upon the selection of a third arbitrator within thirty days
following their appointment, each arbitrator shall nominate three
candidates within ten days thereafter, two of whom the other shall decline,
and the decision shall be made by drawing lots.

3. With regard to (2) above, arbitration must be conducted in accordance with
the Commercial Arbitration Rules of the American Arbitration Association
which will be in effect on the date of delivery of demand for arbitration.

4. Each contracting company must pay part of the arbitration expenses as
allocated by the arbitrators.

5. The award made by the arbitrators will be final, and judgment may be
entered upon it in any court having jurisdiction.

ARTICLE XVI
PARTIES TO AGREEMENT

1. This is an Agreement solely between you and us. There will be no legal
relationship between us and any person having an interest of any kind in
any of your insurance.

ARTICLE XVII
DAC TAX
SECTION 1.848-2(g) (8) ELECTION

If applicable, both of us agree to the following pursuant to Section
1.848-2(g)(8) of the Income Tax Regulations issued December 1992, under Section
848 of the Internal Revenue Code of 1986, as amended. This election will be
effective for all subsequent taxable years for which this Agreement remains in
effect.

1. The term "party" will refer to either you or us as appropriate.

2. The terms used in this Article are defined by reference to Regulation
Section 1.848-2 in effect December 1992.

3. The party with the net positive consideration for this Agreement for each
taxable year will capitalize specified policy acquisition expenses with
respect to this Agreement without regard to the general deductions
limitation of Section 848(c)(l).

4. Both of us agree to exchange information pertaining to the amount of net
consideration under this Agreement each year to ensure consistency or as
otherwise required by the Internal Revenue Service.

5. You will submit a schedule to us by April 1 of each year of your
calculation of the net consideration for the preceding calendar year. This
schedule of calculations will be accompanied by a statement signed by one
of your officers stating that you will report such net consideration in
your tax return for the preceding calendar year.

6. We may contest such calculation by providing an alternative calculation to
you in writing within thirty days of our receipt of your calculation. If we
do not so notify you, we will report the net consideration as determined by
you in our tax return for the previous calendar year.

7. If we contest your calculation of the net consideration, both of us will
act in good faith to reach an agreement as to the correct amount within
thirty days of the date we submit our alternative calculation. If both of
us reach agreement on an amount of net consideration, each of us will
report such amount in their respective tax returns for the previous
calendar year.

ARTICLE XVIII
ENTIRE AGREEMENT

1. This Agreement will constitute the entire Agreement between the parties
with respect to the business being reinsured. There are no understandings
between the parties other than as expressed in this Agreement. Any change
or modification to this Agreement will be null and void unless made by
Amendment to this Agreement and signed by both parties.

ARTICLE XIX
DURATION OF AGREEMENT

1. This Agreement may be terminated for new reinsurance only at any time by
either company giving ninety days' written notice of termination. The day
the notice is deposited in the mail addressed to the Home Office or to an
Officer of either company will be the first day of the ninety-day period.

2. During the ninety-day period, this Agreement will continue to be in force.

3. After termination, we will both be liable for all automatic reinsurance
which becomes effective prior to termination of this Agreement and also for
all facultative reinsurance approved by us based upon applications we
received prior to the effective termination date of this Agreement.

Executed by
JEFFERSON-PILOT LIFE INSURANCE COMPANY
XXXXXXXXX XXXXXXXX LIFE INSURANCE COMPANY OF AMERICA
JEFFERSON PILOT FINANCIAL INSURANCE COMPANY
JEFFERSON PILOT LIFE AMERICA INSURANCE COMPANY

on 3-12 , 200l.
------------------------------
By: [ILLEGIBLE]
-------------------------------------
Title SR VP
By: [ILLEGIBLE]
-------------------------------------
Title Reinsurance Manager

Executed by
FIRST XXXXXXXXX XXXXXXXX LIFE INSURANCE COMPANY
on 3-12 , 200l.
------------------------------
By: [ILLEGIBLE]
-------------------------------------
Title SR VP
By: [ILLEGIBLE]
-------------------------------------
Title Reinsurance Manager

Executed by:
GUARANTEE LIFE INSURANCE COMPANY
on 3-12 , 200l.
------------------------------
By: [ILLEGIBLE]
-------------------------------------
Title SR VP
By: [ILLEGIBLE]
-------------------------------------
Title Reinsurance Manager

Executed by
SWISS RE LIFE & HEALTH AMERICA INC.
on 3-26 , 200l.
------------------------------
By: [ILLEGIBLE]
-------------------------------------
Title Vice President
By: [ILLEGIBLE]
-------------------------------------
Title Second Vice President

Effective May 1, 2000

SCHEDULE A

SPECIFICATIONS

- TYPE OF BUSINESS Life insurance issued by you.

- PLANS OF INSURANCE ENTIRE PORTFOLIO

- BASIS OF REINSURANCE SINGLE LIFE AND JOINT LIFE AND PERMANENT (WHOLE, UL, VUL):
Our Share is 16.67% of the reinsurance amount.

SCORE 10 & 20 YEAR TERM: Our Share 16.67% of the reinsurance amount.

SUBSTANDARD AUTOMATIC PROGRAM: Our Share is 16.67% of the reinsurance
amount. (Maximum Issue of $5,000,000.) See Exhibit IV.

IMPAIRED RISK PROGRAM: Our Share is 16.67% of the reinsurance amount.
See Exhibit V.

SIMPLIFIED ISSUE PROGRAM: Our Share is 33.34% of the reinsurance amount.
See Exhibit VI.

GUARANTEED ISSUE PROGRAM: Our Share is 33.34% of the reinsurance amount.
See Exhibit VII.

FOREIGN NATIONAL PROGRAM: Our Share is 33.33% of the reinsurance amount.
See Exhibit VIII.

- JUMBO Limit Life:

AGE STANDARD - TABLE D TABLE E - P

0-70 $50,000,000 $45,000.000
71-80 $50,000,000 $40,000,000
81-85 $25,000,000 N/A

- MAXIMUM POOL
BINDING LIMIT Life:

AGE STANDARD - TABLE D TABLE F - P

0-70 $25,000,000 $12,500,000
71-80 $17,500,000 $8,750,000
81-85 $7,000,000 N/A

- YEARS TO RECAPTURE Single Life Products (Other than Score 10 & 20) - Ten Years.
Score 10 and 20 Year Term Products - Not Eligible.
Joint Life Products - Twenty Years.

Effective May 1, 2000

SCHEDULE B
BENEFITS

THE FOLLOWING BENEFITS ARE REINSURED UNDER THIS AGREEMENT:

1. LIFE (Level) Life reinsurance on any one life will be on the yearly
renewable term basis for the net amount at risk as described
below for the Single Life and Joint Life products:

A. LEVEL TERM PLANS (TWENTY YEARS OR LESS) - Our net
amount at risk will be the reinsurance face amount.

B. UNIVERSAL LIFE PLANS - Our net amount at risk will be
the reinsurance face amount, less the account or cash
value, less your retention.

C. The methods of calculating the net amount at risk
described above may not be appropriate because of
special options, structure of tables of amounts, rate
of accumulation of cash surrender values and provisions
guaranteeing an increase in the face amount under a
given plan of insurance. Then the net amount at risk
will be a method mutually agreeable to both parties.

Effective May 1, 2000

SCHEDULE C
SPECIAL TOPICS

This Agreement includes guidelines for Conversions/Replacements included in
EXHIBIT III.

This Agreement includes guidelines for a Substandard Automatic Program included
in EXHIBIT IV.

This Agreement includes guidelines for a Impaired Risk Program included in
EXHIBIT V.

This Agreement includes guidelines for a Simplified Issue Program included in
EXHIBIT VI.

This Agreement includes guidelines for a Guaranteed Issue Program included in
EXHIBIT VII.

This Agreement includes guidelines for a Foreign National Program included in
EXHIBIT VIII.

This Agreement includes coverage for Conditional Receipt. See ARTICLE II,
LIABILITY.

Effective May 1, 2000

SCHEDULE D
DEFINITIONS

1. AUTOMATIC Insurance which must be ceded by the Reinsured in
accordance with the terms of the Agreement and must be
accepted by the Reinsurer.

2. EXCESS The Reinsurer agrees to reimburse the Reinsured for all
losses or a large portion of the losses over the
Reinsured's retention. The Reinsurer becomes involved
in a loss only after the loss has exceeded the
Reinsured's retention.

3. FACULTATIVE Insurance which the Reinsured has the option to cede
and the Reinsurer has the option to accept or decline
individual risks. The agreement merely reflects how
individual facultative reinsurance shall be handled.

4. INITIAL
MINIMUM AMOUNT The smallest amount of reinsurance permitted at the
inception of the reinsurance transaction.

5. LIFE PREMIUMS COINSURANCE - The Reinsured pays a proportionate part
of the premiums it receives to the Reinsurer. In
return, the Reinsurer agrees to pay a proportionate
part of the claim and participate in all other policy
benefits explicitly stated in the agreement.

YEARLY RENEWABLE TERM (YRT) - Under the YRT method, the
Reinsured transfers to the Reinsurer the mortality risk
on either a net amount at risk basis or on an
approximation of the net amount at risk basis.

AGGREGATE - The rates do not differentiate between
smoker and non-smoker.

FLAT EXTRA - Flat extra ratings usually apply to
applicants in hazardous occupations or avocations or
with certain physical impairments of a temporary
nature.

SUBSTANDARD TABLE EXTRA - Substandard table extra
ratings usually apply to physically impaired lives.

6. POLICY DATE The effective date shown on the actual policy.

7. POOL An organization of insurers or reinsurers through which
particular types of risks are underwritten with
premiums, losses and expenses shared in agreed amounts.

8. QUOTA SHARE A form of reinsurance indemnifying the Reinsured
against a fixed percentage of loss on each risk covered
in the Agreement.

9. REINSURED
(YOU, YOUR) A company which transfers all or part of the insurance
it has written to another company.

10. REINSURER
(WE, US, OUR) A company which assumes all or part of the insurance
written by another company.

11. REPLACEMENT CONTRACTUAL - An option provided in the policy which
allows for replacement of one policy for another
without evidence of insurability.

NON-CONTRACTUAL - An option not provided in the policy.
Replacement of one policy for another will be as
determined appropriate by the ceding company.

12. RETENTION The amount of insurance which the Reinsured keeps for
its own account and does not reinsure in any way.

13. RETROCESSION A form of reinsurance agreement which enables the
Reinsurer to cede all or part of the reinsurance it has
assumed from another Reinsurer.

14. RETROCESSIONAIRE The reinsurance company which accepts a retrocession
from another company.

15. RISK Insurance on an individual life.

16. SUBSEQUENT
MINIMUM AMOUNT The smallest amount of reinsurance permitted after the
inception of the reinsurance transaction.

17. LEAD REINSURER Company assigned by the Reinsured.

18. EXTENSION OF
MATURITY Extending a policy's face amount upon maturity as long
as there is $1 in cash value.

Effective May 1, 2000

EXHIBIT I
YOUR RETENTION LIMITS

1. SINGLE LIFE and JOINT LIFE* AND SCORE 10 AND 20 YEAR TERM:

ISSUE AGE STANDARD - TABLE D TABLE E-P

0-70 $2,000,000 $1,000,000
71-80 $1,500,000 $750,000
81-85 $750,000 N/A

*For Joint Life, retention will be based on the life with greater
available retention if no previous insurance is inforce on either life. If
previous insurance exists on either life, then retention will be based on
the life with lesser available retention. AT NO TIME SHOULD YOU BE AT RISK
FOR MORE THAN $2,000,000.

FOR FLAT EXTRA RATINGS, EACH $2.50 PER THOUSAND EQUATES TO ONE ADDITIONAL
TABLE RATING.

2. SUBSTANDARD AUTOMATIC PROGRAM:

One-seventh of the issued amount up to the maximum limits listed above.
Ages 15 - 80 (through Table 4, issued Standard)

3. IMPAIRED RISK PROGRAM

One-seventh of the issued amount up to the maximum limits listed above.
Ages 15 - 80 (Table 5 or higher)

4. SIMPLIFIED ISSUE PROGRAM

25% of Intended Issue amount and yearly increase (if applicable). See
Exhibit VI.

5. GUARANTEED ISSUE PROGRAM

25% of Intended Issue amount and yearly increase (if applicable). See
Exhibit VII.

6. FOREIGN NATIONAL PROGRAM

First $500,000 plus 20% with a maximum retention of $1,000,000.

7. AVIATION RISK

For policies with Aviation Risks, including those with Aviation Exclusion
Rider but excluding commercial pilots, we have the following retention
scale:

EXHIBIT I CONTINUES...

SINGLE LIFE and JOINT LIFE*~

ISSUE AGE STANDARD - TABLE D TABLE E-P

0-70 $1,000,000 $500,000
71-80 $750,000 $375,000
81-85 $375,000 N/A

For Aviation Risk in our Substandard Automatic Program and our Impaired Risk
Program, we will retain 1/2 normal amount or 1/14 of issue amount up to maximums
shown in Exhibit I, part 7.

Effective May 1, 2000

EXHIBIT II
INSTRUCTIONS FOR THE PREMIUMS PER $1,000 OF REINSURANCE

1. Reinsurance premiums under this Agreement will be payable on the annual
basis regardless of how you receive premiums from your insured.

2. STANDARD AND SUBSTANDARD
TABLE EXTRA PREMIUMS

A. SINGLE LIFE PRODUCTS: The reinsurance premium for the Single Life
products will be the following percentages of the YRT, ANB, rates
shown in this Exhibit, entitled 'A' (for all Preferred Non-Tobacco
Classes), 'B' (for standard Non-Tobacco Classes), and 'C' (for all
Tobacco and Preferred Tobacco Classes), payable in all years:

Male Single Life plans with Five mortality classes*:

PERCENTAGE OF TABLES - B AND C
PREF PLUS PREFERRED NON-TOBACCO PREF TOBACCO TOBACCO

59% 70% 76% 76% 96%

*Five Year Setback for Female.

If Product does not have Preferred Smoker Class then 86% will be used
for Smoker.

B. JOINT LIFE PRODUCTS: The reinsurance premium rates are shown in this
Exhibit, entitled 'D3S' and 'D3U' and calculated as follows:

1) Use the attached Individual Annual Mortality rates per $1,000
based on each individual's age, sex and smoking class.

2) Apply Substandard Mortality Factors and Flat Extra charges,
accordingly.

EXHIBIT II CONTINUES...

3) The rates obtained through step 2) above will be converted to monthly
Frazierized rates according to the formula shown in Attachment No. 1 to
this Exhibit II.

4) The monthly rates obtained in Step 3) above are then multiplied by the
following percentages and applied to all Joint Life Products:

POLICY YEAR(S) PERCENTAGES OF TABLE 'D'

1 0%
2-10 65%
11+ 75%

5) The rates are then annualized by multiplying by 12.

The minimum net renewal premium will be $0.11 per $1,000.

ONE LIFE UNINSURABLE cases will be reinsured under this Agreement. The insurable
life will not be rated more than Table F (250%). Yearly Renewable Term premiums
per $1,000 will be calculated as specified above with a permanent flat extra
added to the individual Annual Mortality rates per $1,000 applicable to the
uninsurable life.

Survivor Plans will have two clases of uninsurable:
(A) Life Expectancy [GREATER OR EQUAL TO] 3 years qx = .286
(B) Life Expectancy [LESS THAN] 3 years qx = .923

ESTATE PROTECTION RIDER: The reinsurance premium rates will be the joint life
Yearly Renewable Term premiums per $1,000 attached to this Exhibit.

MULTILIFE: The reinsurance premium rates for the Multilife plan are entitled `H'
and will be determined by applying the following percentages to the collected
cost of insurance:

POLICY YEAR(S) PERCENTAGE

1 0%
2-10 65%
11+ 75%

GUARANTEED SPLIT OPTION RIDER: The reinsurance premium rates for the Guaranteed
Split Option Rider will be the Annual COI Charges entitled `G', times the
following percentages:

POLICY YEAR(S) PERCENTAGE

1 0%
2-10 65%
11+ 75%

EXHIBIT II CONTINUES...

C. SCORE 10 AND 20 YEAR TERM: The Reinsurance Premium for the SCORE 10 (Ten
Year Level Term) product will be the following percentages of the gross
YRT, ANB, rates shown in the Table "SC10". Re-entry will be treated as new
business.

PERCENTAGE OF TABLE "SC10"

YEAR SMOKER NS PREF. PREF+

1 0% 0% 0% 0%
2-10 65% 65% 70% 70%

The reinsurance premium for the SCORE 20 (Twenty Year Level Term) product
will be the following percentages of the gross YRT, ANB, rates shown in the
Table "SC2O". Re-entry will be treated as new business.

PERCENTAGE OF TABLE "SC20"

YEAR SMOKER NS PREF. PREF+

1 0% 0% 0% 0%
2-20 65% 65% 75% 75%

Rates for ages 86-90 will be determined by pro-rating from age 85 as
follows:

Rate for Age 86 = (Rate for age 85) * (Rate for age 85/Rate for age 84)
Rate for Age 87 = (Rate for age 86) * (Rate for age 86/Rate for age 85)
Rate for Age 88 = (Rate for age 87) * (Rate for age 87/Rate for age 86)
Rate for Age 89 = (Rate for age 88) * (Rate for age 88/Rate for age 87)
Rate for Age 90 = (Rate for age 89) * (Rate for age 89/Rate for age 88)

We reserve the right to renegotiate the above percentages if future premium
rates differ from the current premium rates.

When the Policy Split Option Rider is exercised the reinsurance premium
rates will be the Single life reinsurance premium rates shown in Section A.
above, and will apply on a point-in-scale basis.

The SUBSTANDARD table extra premium will be an additional 25% per table
rating of the rates set forth in this Exhibit. This rating will be removed
at the later of 20 years or attained age 65.

3. FLAT EXTRA PREMIUMS The flat extra premium will be the annual
flat extra premium which you charge your
insured on that amount of the insurance
reinsured less the following allowances:

AUTOMATIC TERMS OF YOUR FIRST RENEWAL
FLAT EXTRA PREMIUM YEAR YEARS

More than 5 years 85% 15%
5 years or less 15% 15%

EACH $2.50/1000 IS EQUIVALENT TO ONE TABLE RATING.

Effective May 1, 2000

EXHIBIT III

CONVERSIONS/REPLACEMENTS

The following are guidelines for inter-company term conversions and replacements
of Jefferson-Pilot, Xxxxxxxxx Xxxxxxxx and Xxxxx policies:

CONVERSIONS/REPLACEMENTS TO SINGLE LIFE PLANS.

1. Coverage will be maintained with the original reinsurer.

2. Conversions and replacements TO SINGLE LIFE PLANS will be processed on
a point-in-scale basis using rates from the Agreement for the new plan
where applicable (see #3 below).

3. If the original reinsurer is not in the pool for the new plan, rates
will be determined from the most recent relevant Agreement. (i.e. if
the new plan is UL then rates will be determined by using the most
recent UL Agreement for that reinsurer).

CONVERSIONS/REPLACEMENTS TO SURVIVORSHIP PLANS.

1. Coverage will be maintained with the original reinsurer.

2. Conversions and replacements TO SURVIVORSHIP PLANS will be processed
on a point-in-scale basis using allowances taken from the most recent
survivorship Agreement. Currently, the following allowances apply:

POLICY YEAR(S) ALLOWANCE

1 100%
2-10 35%
11+ 25%

3. The allowance year for the survivorship plans will be determined by
averaging the duration of the two lives. For example, a term policy in
its 8th duration and a newly underwritten spouse converting to a
survivorship plan will use a fourth duration allowance initially.
Averages will be rounded up when necessary.

4. Effective May 1, 2000, maximum corporate retention is $2,000,000 for
survivorship plans.

5. When two policies previously reinsured convert to a survivorship plan,
any amount in excess of the larger of the two term policies will be
considered new business. Amounts originally reinsured will be
pro-rated between all the reinsurers involved with the retention of
the survivorship plan being the larger of the previous plans but not
more than $2,000,000.

6. Survivorship plans can be reinsured automatically even though prior
reinsurance may have been facultative providing you retain your full
amount on the new plan.

4. RENEWAL AND
CONVERSION OF
INSURANCE The renewal and conversion of insurance shall be
considered as a continuation of the original insurance.
Future premiums will be calculated on a point-in-scale
basis using the applicable rates in the Agreement. (See
Exhibit III for additional guidelines.)

5. PREMIUM TAX We will not reimburse you for any premium taxes.

6. MINIMUM CESSION You will not cede less than $10,000 to us on an
automatic basis with the exception of the first dollar
business for which there is no minimum cession.

7. The underwriting classification of the new policy will remain the same
as on the converted policy, and the underwriting guidelines applicable
to both policies is consistent. This is particularly important for
preferred classifications.

EXCHANGES TO SCORE PLANS

1. Exchanges to SCORE plans will require full underwriting.

2. Only policies that previously involved no reinsurance or were
reinsured within our current pool are eligible for conversion/exchange
to SCORE.

3. Exchanges to SCORE will be processed on a point-in-scale basis.

Effective May 1, 2000

EXHIBIT IV

SUBSTANDARD AUTOMATIC PROGRAM

The following are guidelines for the Substandard Automatic Underwriting Program:

1. A 20% surcharge will be applied to policies in this program.

2. Cases underwritten using the Lincoln National manual and classified by your
underwriters through Table 4 (200%) will be issued standard. On survivor
policies, where one life is uninsurable, you will not reduce a rating on
the insurable individual. On survivor policies where both lives are
insurable, the program would apply as above.

3. A maximum of $5,000,000 capacity will be split equally between each pool
member, including you. The jumbo limit will remain at $50,000,000 as stated
in Schedule A. You will never cede more than your retention under this
program, unless you are fully retained on a previously issued risk.

4. If an insured has more than $5,000,000 issued and applied-for then only
$5,000,000 can be in the program.

5. Issue ages 15 through 80. For survivorship cases, both lives must be less
than or equal to age 80.

6. Full underwriting will apply.

7. For new cases on which you have new evidence of insurability and a fully
retained older policy exists, you will include both the new case and the
older policy in the program and pay point-in-scale rates on the older
policy.

8. If an increase takes place on a substandard policy, the full amount can be
included in the program.

9. Coverages with flat extra amounts will not be included in the Substandard
Automatic Program.

10. Internal exchanges of fully retained non-rated business may be included in
the Substandard Automatic Program with full underwriting.

Effective May 1, 2000

EXHIBIT V

IMPAIRED RISK PROGRAM

The following are guidelines for the Impaired Risk Underwriting Program:

1. A 25% increase over the standard rate for each table assigned will be
applied to policies in this program.

2. This program will apply to cases not eligible for the Substandard Automatic
Program underwritten using the General and Cologne Manual.

3. Issue ages 15 through 85. For survivorship cases, both lives must be less
than or equal to age 85.

4. Full underwriting will apply.

5. If an increase takes place on a Impaired Risk policy, the full amount can
be included in the program.

JEFFERSON-PILOT LIFE INSURANCE COMPANY
XXXXXXXXX XXXXXXXX LIFE INSURANCE COMPANY OF AMERICA
FIRST XXXXXXXXX XXXXXXXX LIFE INSURANCE COMPANY
JEFFERSON PILOT FINANCIAL LIFE INSURANCE COMPANY
JEFFERSON PILOT LIFEAMERICA INSURANCE COMPANY
GUARANTEE LIFE INSURANCE COMPANY

Effective May 1, 2000

EXHIBIT VI

SIMPLIFIED ISSUE PROGRAM

The following are guidelines for the Simplified Issue Underwriting Program:

The Simplified Issue Underwriting Program offers two levels of issue limits.
Level 1 limits are based on completion of application including the non-medical
questionnaire and the MIB authorization. The higher Level 2 limits are based on
the Level 1 requirements, plus an urine analysis and an urine/HIV test. If
appropriate, attending physician statements will be requested.

Other requirements are:

1. Minimum of five (5) eligible lives through age 65 with at least 75%
participation.

2. Reinsurance premiums are as shown in Exhibit II with smoker percentage
being 86%.

3. Preferred Plus and Preferred rate classes are not available.

4. Amounts in excess of the Simplified Issue limits will be fully
underwritten.

5. Subsequent increases will follow the same guidelines up to the maximum
amount.

6. Corporate owned or sponsored insurance programs for a U.S. corporation
domiciled in the U.S.

7. Eligible employee group must comprise the executive, managerial and
professional occupations only. No hazardous occupation or avocation is
allowed.

8. Eligible employees must be actively at work on a full-time basis. Full-time
means working at least 30 hours per week and participating in the
organization's employee benefit plans. Eligible employees must not have
been absent from work for illness more than one week at a time in the past
12 months.

9. The DCAP is included under the same retention and pay scale and subject to
the underwriting guidelines in Exhibit VI (A).

10. The cases produced by Xxxx Xxxx are included under the same retention and
pay scale and subject to the underwriting guidelines in Exhibit VI (B).

11. The cases produced by Xxxxxxx & Xxxxxxx are included under the same
retention and pay scale and subject to the underwriting guidelines in
Exhibit VI (C).

12. Maximum issue per life is $1,500,000 with a maximum stacking amount of
$3,000,000.

Effective May 1, 2000

VI (A)

SIMPLIFIED ISSUE/DIRECTORS CAP PROGRAM

GUIDELINES FOR DIRECTORS CAP PROGRAM

1. The corporations will purchase a survivorship policy per two Directors.

2. Guaranteed-to-issue provided one live is insurable. The final pairings of
the insureds per policy shall be subject to your agreement.

3. You agree to be bound by the terms of the conditional receipt for an amount
up to $1,000,000 per Director.

4. If a proposed insured dies prior to the issuance of a policy but while
coverage is conditionally bound, underwriting will continue on the
survivorship policy as if the deceased were still alive. The deceased life
is paired with an issuable insurable life, which is subject to your
agreement.

5. You will accept in lieu of a current exam a copy of a complete physical
examination performed within the last 12 months, including any and all
accompanying studies and lab work satisfactory to you. You reserve the
right to request additional requirements when necessary.

6. You will not require blood samples or urine samples for routine testing in
conjunction with the application. You, however, reserve the right to
request specific medical tests including but not limited to blood samples,
urine and or routine testing where the particular medical history or
condition warrants such additional investigation.

7. No Inspection Reports will be required.

8. You reserve the right to adjust pairings for coverage once the underwriting
process is complete.

9. Directors added to the program in the future will be handled as follows:

A. If only one Director is added, up to a $1,500,000 term contract may be
applied for and he or she will be subject to regular age and amount
requirements with the exception being that no inspection report will
be required. In addition, upon submission of an application including
examination and a payment of not less than 10% of the estimated annual
premium, the Conditional Insurance Agreement will be in effect for a
amount of $1,000,000.

B. When another Director is subsequently added to the board, a $3,000,000
survivorship Policy may be applied for. The Director covered under the
term contract shall convert his or her policy to the survivorship
policy. The new Director shall be added subject to the same binding
agreement and underwriting requirements as though he or she were part
of the initial group as stated in paragraphs 1 through 8 above.

Effective May 1, 2000

VI (B)

SIMPLIFIED ISSUE/XXXX XXXX CASES

GUIDELINES FOR XXXX XXXX UNDERWRITING:

1. Oral fluid will be used to test HIV, Cotinine and Cocaine.

2. A full paramedical is used for height, weight and blood pressure.

3. Attending Physician Statement is used for bloodwork and EKG results within
18 to 36 months.

4. Maximum issue amount is $3,000,000.

Effective May 1, 2000

VI (C)

SIMPLIFIED ISSUE/XXXXXXX & XXXXXXX CASES

GUIDELINES FOR XXXXXXX & XXXXXXX UNDERWRITING:

1. Each policy in this block was fully underwritten by Prudential between
December 1997 and May 2000.

2. Table ratings will be transferred without charge.

3. Preferred classifications will not be available on the new product.

4. A guaranteed issue application will be used to determine current
employment.

Effective May 1, 2000

EXHIBIT VII

GUARANTEED ISSUE PROGRAM

The following are guidelines for the Guaranteed Issue Underwriting Program:

The Guaranteed Issue Underwriting Program requires completion of application.
The multilife cases must also satisfy the following guidelines:

1. Minimum of eleven (11) eligible lives through age 65 with 100%
participation of the eligible group.

2. A 25% surcharge is added to reinsurance premiums defined in Exhibit II for
Guaranteed Issue business, for all policy years.

GROUP SIZE: AMOUNT:
----------- -------

Under 11 lives 0
11--50 lives $10,000 times number of lives
51--74 lives $15,000 times number of lives
75 lives and up $20,000 times number of lives

3. Average age of the eligible group must be 55 or younger.

4. Eligible employees must be actively at work on a full-time basis. Full-time
means working at least 30 hours per week and participation in the
organization's employee benefit plans. Eligible employees must not have
been absent from work for illness more than one week at a time in the past
12 months.

5. Face amount for the most highly insured employee must not be greater than
three (3) times the average face amount.

6. Maximum issue per life is $2,500,000 with a maximum stacking amount of
$5,000,000.

7. Maximum increases to a total face amount of $5,000,000 with no more than
10% per year.

8. Corporate owned or sponsored insurance programs for a U.S. corporation
domiciled in the U.S.

9. Eligible employee group must comprise the executive, managerial and
professional occupations only. No hazardous occupation or avocation is
allowed.

Effective May 1, 2000

EXHIBIT VIII

GUIDELINES FOR ISSUES TO FOREIGN NATIONALS

1. Minimum face amount $250,000.

2. Permanent plans only.

3. Business to be written on upper middle and upper class individuals only.

4. RGA' s foreign national underwriting, country specific ratings to be used
with all countries required to be designated 'A', 'B', or 'C' (see Schedule
FN). Classifications may vary depending on citizenship (Schedule FN subject
to change). Foreign Nationals who reside in 'A' countries may be classified
as a preferred risk if they meet all criteria for preferred. Preferred Plus
is not allowed.

5. Application will be signed and requirements obtained in a jurisdiction in
which we are licensed.

6. No political, military or high profile journalistic personnel are eligible.

7. Applicant must have a residence or business interest in the U.S.

8. Our substandard automatic program will not apply to these risks.

9. No production sources that concentrate only on the foreign national
business will be eligible. This business will only be accepted from
production sources providing a significant amount of traditional business
to Jefferson-Pilot Life Insurance Company.

RETENTION

1. Permanent SINGLE LIFE plans and JOINT LIFE*:

$500,000 plus 20% of the excess of $500,000 up to the maximum amounts
listed below:

ISSUE AGE STANDARD - TABLE D TABLE E-P

0-65 $1,000,000 N/A
66-80 $ 800,000 N/A
81-85 $ 600,000 N/A

AUTOBIND LIMIT

1. Permanent SINGLE LIFE plans and JOINT LIFE*:

ISSUE AGE STANDARD - TABLE D TABLE E-P

0-65 $10,000,000 N/A
66-80 $ 8,000,000 N/A
81-85 $ 6,000,000 N/A

SCHEDULE FN

COUNTRIES ELIGIBLE FOR AUTOMATIC COVERAGE OF FOREIGN RISKS

NAME OF COUNTRY DESIGNATION
--------------- -----------

Antigua B
Argentina A
Australia A
Austria A
Bahamas A
Barbados B
Barbuda A
Belgium A
Belize B
Bermuda A
Brazil B
Chile A
China B(US Citizen)
Costa Rica B
Czech Republic B(US Citizen)
Denmark A
Dominican Republic B
Ecuador B
Egypt C
Fiji A
Finland A
France A
Germany A
Greece B
Grenada C
Guyana C
Honduras C
Hong Kong A
Hungary C
Indonesia C
Ireland A
Italy A
Jamaica B
Japan A
Jordan C
Kuwait C

SCHEDULE FN (CONTINUED)

COUNTRIES ELIGIBLE FOR AUTOMATIC COVERAGE OF FOREIGN RISKS

Liechtenstein A
Luxembourg A
Malaysia C
Mexico A
Monaco A
Morocco C(US Citizen)
Netherlands A
New Zealand A
Norway A
Oman C(US Citizen)
Panama B
Paraguay B
Philippines C
Poland B(US Citizen)
Portugal B
Saudi Arabia C
Singapore A
Slovakia B(US Citizen)
South Korea B
Spain A
Surinam C
Sweden A
Switzerland A
Taiwan A
Tasmania A
Tobago B
Trinidad B
Turkey C
Ukraine B(US Citizen)
United Kingdom A
Uruguay B
Venezuela B

PUERTO RICO, GREENLAND, ICELAND AND GUAM ARE EVALUATED AS EQUIVALENT TO UNITED
STATES AND CANADIAN RISKS AND ARE THUS EXCLUDED.

29 June 92
Multilife Formula

Definitions:

x SUB(1) = Issue Age of insured #1.
x SUB(2) = Issue Age of insured #2.
-
-
-
x SUB(n) = Issue Age of insured #n.
n = number of lives insured.
z = Represents the "life" that lives until the first death.
t = Policy duration.
v = 1/1.04.
max _ age = maximum age in group x SUB(1)...x SUB(n).
w = 99 - max_age.
TRx SUB(n)[t] = Table rating for individual x SUB(n) at duration x.
XXx SUB(n)[t] = Flat Extra on a per $1 basis for individual x SUB(n) at
duration t.
gcoix SUB(n)[t] = The 80 CSO ALB rate coded in the PDF times (12/1000).
Idvx SUB(n)[t] = The Individual current cost of insurance rate coded in the
PDF times (12/1000).
qx SUB(n)[t]= The 1980 CSO ALB rate for individual x SUB(n) at duration t
grossed up for substandard ratings.
= min {.99, gcoix SUB(n)[t] (1 + TRx SUB(n)[t]/4) + FEx SUB(n)[t]}
ccoix SUB(n)[t] = The Individual current cost of insurance rate for individual
x SUB(n) discounted for any blending (if face GREATER THAN $500,000), then
grossed up for substandard ratings.
= Idvx SUB(n)[t] (if face LESS THAN EQUAL TO $500,000)
= Idvx SUB(n)[t]/face (500000 + (1 - .24/(n-1))(face-500000))
(if face GREATER THAN $500,000)
Then gross up for substandard ratings
= min{.99, ccoix SUB(n)[t] (1 + TRx SUB(n)[t]/4) + FEx SUB(n)[t]}
A SUB(z)[t] = Net Single Premium for the policy at duration t.
a SUB(z)[t] = Life annuity due used in calculations of SC's and MAP's.
FA = Face amount.
Phasel = Data Processing technical term for base minimum premium.
Target = The premium amount up to which maximum first year commission is based.
MAP = Policy minimum annual premium.
SC%[t] = The percentage of MAP in duration t used to calculate the surrender
charge.
SC[t] = The applicable surrender charge in duration t.
q SUB(z)[t] = The guaranteed cost of insurance for group z at duration t.
ccoi SUB(z)[t] The current cost of insurance for group z at duration t.

I. PREPARATION OF THE INDIVIDUAL COST OF INSURANCE FOR COMBINING IN THE JOINT
FIRST TO DIE RATES.

If the face amount is less than $500,000, then
ccoix SUB(n)[t] = min{.99, (1+ TRx SUB(n)[t]/4) Idvx SUB(n)[t]
+ FEx SUB(n)[t]}
Otherwise ,
ccoix SUB(n)[t] = [500,000 + (1 - (0.24 /(n-1))(face - 500,000))]
[Idvx SUB(n)[t] / face]
then gross it up for substandard ratings,
ccoix SUB(n)[t] = min{.99, (1+ TRx SUB(n)[t]/4) ccoix SUB(n)[t]
+ FEx SUB(n)[t]}

Example

You have 3 insured as follows:

x SUB(1) = male, nonsmoker aged 35,
x SUB(2) = male, nonsmoker aged 35,
x SUB(3) = male, nonsmoker aged 45, rated table 2 with a $2/$1000 Flat
Extra for 1 year;

Calculate the INDIVIDUAL current and guaranteed cost of insurance rates for
these three individuals, assuming a $750,000 face amount, for the first 2
policy years.

Solution

Since the face amount is greater than $500,000, we must blend the
individual rates on a current basis. We never blend on a guaranteed basis.
See appendix for Individual ccoi rates and 80 CSO NS/SM ALB Male table.

gcoix SUB(1)[0] = (.14417)(12/1000) = .00173 (always round to 5 digits)
gcoix SUB(2)[0] = .00173
gcoix SUB(3)[0] = (.28750)(12/1000) = .00345
gcoix SUB(1)[1] = (.15167)(12/1000) = .00182
gcoix SUB(2)[1] = .00182
gcoix SUB(3)[1] = (.31083)(12/1000) = .00373

then,

qx SUB(1)[0] = min {.99,.00173} = .00173
qx SUB(2)[0] = min {.99,.00173} = .00173
qx SUB(3)[0] = min {.99,gcoix SUB(3)[0] (1 + TRx SUB(3)[0]/4)
+ FEx SUB(3)[0]} = 00345(1+2/4) + .002 = .007183
qx SUB(1)[1] = .00182
qx SUB(2)[1] = .00182
qx SUB(3)[1] = .00373(1 + 2/4) = .00559

Again, we must blend on a current basis.

Idvx SUB(1)[0] = (12/1000)(.10325) = .00124
Idvx SUB(2)[0] = (12/1000)(.10325) = .00124
Idvx SUB(3)[0] = (12/1000)(.19600) = .00235
Idvx SUB(1)[1] = (12/1000)(.10850) = .00130
Idvx SUB(2)[1] = (12/1000)(.10850) = .00130
Idvx SUB(3)[1] = (12/1000)(.21175) = .00254

from these values we calculate the blended rates

ccoix SUB(1)[0] = .00124/750000(500000
+ (1 - 0.24/2)(750000-500000) = .00119
ccoix SUB(2)[0] = .00119
ccoix SUB(3)[0] = .00235/750000(500000 + (1 - 0.24/2)(750000-500000)
= .00226
ccoix SUB(1)[1] = .00130/750000(500000 + (1 - 0.24/2)(750000-500000)
= .00125
ccoix SUB(2)[1] = .00125
ccoix SUB(3)[1] = .00254/750000(500000 + (1 - 0.24/2)(750000-500000)
= .00244
and then gross them up for any substandard ratings
ccoix SUB(3)[0] = min{.99,(1 + 2/4)(ccoix SUB(3)[0])
+ FEx SUB(3)[0]}
= (1 + 2/4)(.00226) + .002 = .00539.
ccoix SUB(3)[1] = min{.99,(1 + 2/4)(ccoix SUB(3)[1])
+ FEx SUB(3)[1]}
= (1 + 2/4)(.00244) = .00336.

A SUB(z) [0] = (.96154)(.01061) + (.96154)(1-.01061)(.43612) = .42510

IV. USING THE NSP'S AS CORRIDOR PERCENTAGES.

The Death Benefit at any time t must be the greater of the Face amount and
then Accumulated Value divided by the NSP. In other words, if the
Accumulated Value divided by the NSP at duration t is greater then the Face
amount, the policy has entered the corridor and the Death Benefit is equal
to same.

DB SUB(z)[t] = max {FA,(Accumulated Value)/A SUB(z)[t]}

V. CALCULATION OF, PHASE1 AND MAP

Phase1 premium for this product will be a percentage, based on the number
of lives, of the combined new P250 MAP. It is only necessary to sum the
MAPS for each individual, then take a percentage based on the following
formula:

percent = 1 - min(30%,# lives times 5%)

The individual MAPs should include the additional cost for substandard
ratings, just as our other UL products do. The individual MAP is given by
the following formula:

MAP = (MAP per 1,000) + (table rating/4) times the 1st year current cost of
insurance plus the first year flat extra amount per 1000.

For our example the individual MAP's are 3.85 for the 35 year olds. The 45
year old has a substandard rating that must be added to his individual MAP.

MAP SUB(45)=7.43 + 1/2(2.24) + 2 = 10.55
percent = 1 - min(30%, 3(5%)) = 1 - min(30%,15%) = 1 - 15% = 85%

And so finally,

Phase1 = 0.85(3.85 + 3.85 + 10.55) = 15.51
This is a per 1,000 value. Phase1 premium is now
Phase1 = 15.51(300,000/1,000)=$4,653
MAP (for the policy) = Phase1 + 1st year cost of OIR's
In our case there is no OIR's, so MAP = Phase1

VI. SURRENDER CHARGES

To comply with SNFL it will be necessary to calculate the maximum allowable
value of our initial surrender charge. We will then compare this value with
the phase1 premium and set the initial surrender charge equal to the
minimum of these two values. Once this value is determined, we then take
steadily decreasing percentages at future durations to calculate the policy
surrender charge.

Set a SUB(z)[w] = 1, then,
a SUB(z)[w-1] = 1 + v(1-q SUB(z)[w-1])a SUB(z)[w]
-
-
-
a SUB(z)[0] = 1 + v(1-q SUB(z)[0])a SUB(z)[1].

For the same group as above we calculate the Actuarial Annuity Factor.

a SUB(z)[w] = a SUB(z)[54] = 1
a SUB(z)[53] = 1 + (.96154)(1-.99379)(1) = 1.00619
-
-
-
a SUB(z)[0] = 1 + (.96154)(1-.00921)(14.66092) = 14.94747

B = [1.25(min(A SUB(z)[0]/a SUB(z)[0],.04)+.01](FA)
InitSC = min(Phase1,B)

The surrender charge at any duration is then

SC[t] = FA(InitSC)(SC%[t])

VII. TARGET PREMIUM (COMMISSIONABLE PREMIUM)

Target = xxx[Xxxxx0, 00(XX)] + 1st yr OIR premium.

ADDENDUM NO. 1

To the 5/1/2000 Automatic Reinsurance Agreement

Between the

Jefferson-Pilot Life Insurance Company
Xxxxxxxxx Xxxxxxxx Life Insurance Company of America
First Xxxxxxxxx Xxxxxxxx Life Insurance Company
Jefferson Pilot Financial Insurance Company
Jefferson Pilot LifeAmerica Insurance Company
Guarantee Life Insurance Company

And

Swiss Re Life & Health America Inc.

EFFECTIVE 12/1/2000

Rates on business issued as guaranteed issue will be as shown in Exhibit II
(with the smoker percentage being 86%) and the following surcharges applied:

POLICY YEAR(S) SURCHARGE
-------------- ---------

1--3 50%
4--6 25%
7 22%
8 19%
9 16%
10 13%
11--20 10%

Surcharges will be removed after 20 years or at attained age 65, whichever is
later.

This Addendum is signed in duplicate at the dates and places indicated.

Executed by
JEFFERSON-PILOT LIFE INSURANCE COMPANY
XXXXXXXXX XXXXXXXX LIFE INSURANCE COMPANY OF AMERICA
JEFFERSON PILOT FINANCIAL INSURANCE COMPANY
JEFFERSON PILOT LIFEAMERICA INSURANCE COMPANY
on 5 - 2, 2001.

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Senior Vice President

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Reinsurance Manager

Executed by:
FIRST XXXXXXXXX XXXXXXXX LIFE INSURANCE COMPANY
LIFE INSURANCE COMPANY
on 5 - 2, 2001.

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Vice President

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Reinsurance Manager

Executed by:
GUARANTEE LIFE INSURANCE COMPANY
on 3 - 2, 2001.

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Vice President

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Reinsurance Manager

Executed by:
SWISS RE LIFE & HEALTH AMERICA INC.
on January 22, 2001.

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Vice President

By:
-------------------------------------
Title:

ADDENDUM NO. 2

To the 5/1/2000 Automatic Reinsurance Agreement

Between the

And

Swiss Re Life & Health America Inc.

EFFECTIVE MAY 1, 2000

Exhibit VI, Simplified Issue Program, Item 3 is amended to allow Preferred and
Preferred Plus rates in the simplified issue program if, and only if, a person
was fully underwritten because he/she fell out of the guidelines for all the
other members in the group (higher amount, older age, etc.).

However, if the person is part of the overall group and independently decides
he/she is preferred or preferred plus, and then submits additional evidence in
order to qualify, they would not be eligible.

The reinsurance premium on preferred for simplified issue will be 70% of the
YTR, ANB, rates shown in Exhibit 'A'.

All terms, provisions and conditions of this Agreement will continue unchanged
except as specifically revised in this Addendum.

This Addendum is signed in duplicate at the dates and places indicated.

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: AVP - NB

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Reinsurance Manager

Executed by:
FIRST XXXXXXXXX XXXXXXXX LIFE INSURANCE COMPANY
LIFE INSURANCE COMPANY

on 5 - 4, 2001.

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: AVP - NB

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Reinsurance Manager

Executed by:
GUARANTEE LIFE INSURANCE COMPANY
on 5 - 4, 2001.

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: AVP - NB

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Reinsurance Manager

Executed by:
SWISS RE LIFE & HEALTH AMERICA INC.
on 6/05/01, 2001.

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Vice President

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: 2nd VP

ADDENDUM NO. 3

To The 5/1/2000 Automatic Reinsurance Agreement

Between

and

Swiss Re Life & Health America, Inc.

EFFECTIVE MAY 1, 2000

Exhibit I, Item 7 is amended to read as follows:

7. AVIATION RISK
For policies with Aviation Risks, including those with an Aviation Exclusion
but excluding commercial pilots, you have the following retention scale:

SINGLE LIFE AND JOINT LIFE*:

ISSUE AGE STANDARD - TABLE D TABLE F - P
------------ ---------------------------- ------------------------

0-70 $ 1,000,000 $ 500,000
------------ ---------------------------- ------------------------
71-80 $ 750,000 $ 375,000
============ ============================ ========================
81-85 $ 375,000 N/A
============ ============================ ========================

For Aviation Risk in your Substandard Automatic Program and your Impaired
Risk Program, you will retain 1/2 normal retention or 1/14 of issue amount
up to maximums shown in Exhibit I, Part 7.

The provisions of this amendment shall be subject to all the terms and
conditions of the Agreement which do not conflict with the terms hereof.

This Addendum is signed and dated in duplicate.

Executed by
JEFFERSON-PILOT LIFE INSURANCE COMPANY
JEFFERSON PILOT FINANCIAL INSURANCE COMPANY
JEFFERSON PILOT LIFEAMERICA INSURANCE COMPANY

on 8-8, 2001.

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: AVP

Executed by:
SWISS RE LIFE & HEALTH AMERICA INC.

on 8/14, 2001.

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Vice President

ADDENDUM NO. 4

TO THE AUTOMATIC REINSURANCE AGREEMENT
DATED MAY 1, 2000
BETWEEN
JEFFERSON-PILOT LIFE INSURANCE COMPANY
JEFFERSON-PILOT FINANCIAL INSURANCE COMPANY
JEFFERSON-PILOT LIFEAMERICA INSURANCE COMPANY

AND

SWISS RE LIFE & HEALTH AMERICA, INC. (REINSURER)

1. Effective January 1, 2001, Exhibit III, CONVERSIONS/REPLACEMENTS, of the
Agreement is amended to include the following provisions with respect to
policies issued by the Reinsured as conversions from its Term Alliance
Products.

2. The Reinsured shall fill the retention set forth in Exhibit I of the
Agreement on all converted policies.

3. Reinsurance ceded for such converted policies shall be allocated in
accordance with the percentages set forth in Schedule A. The Reinsured
acknowledges that other reinsurers in its reinsurance pool are willing to
accept their share of reinsurance of such converted policies. The Reinsurer
waives its right to receive any different share of such reinsurance than is
ceded in accordance with the percentages set forth in Schedule A.

4. The Reinsured shall pay the Reinsurer reinsurance premiums on the
point-in-scale basis from the issue date of the original term policy. Such
reinsurance premiums shall be subject to the terms of Exhibit II, 2.A. of
the Agreement.

5. Policies originally rated table 1-4 will be eligible for the Substandard
Automatic Program on conversion and the Reinsured shall pay the Reinsurer
premiums on the point-in-scale basis subject to the terms of Exhibit IV of
the Agreement.

6. For policies eligible under the terms of Exhibit V, Impaired Risk Program,
the Reinsured shall pay the Reinsurer premiums on the point-in-scale basis
from the issue date of the original term policy.

CONVERSIONS/REPLACEMENTS TO SURVIVORSHIP PLANS

7. Conversions & Replacements to Survivorship Plans will be processed on the
point-in-scale basis using allowances from Exhibit II.B.

8. Two term policies from the Term Alliance can convert to a Survivor Plan for
a maximum amount equal to the sum of the two term policies.

9. The allowance year for the survivorship plan will be determined by averaging
the durations of the policies being converted. For example, a term policy in
its 8th duration and a term policy in its 12th duration on conversion will
use a 10th duration allowance year initially. Averages will be rounded up
when necessary.

10. All other terms, provisions and conditions of this Agreement will continue
unchanged except as specially revised in this Addendum.

This Addendum is signed and dated in duplicate.

Executed by
JEFFERSON-PILOT LIFE INSURANCE COMPANY
JEFFERSON PILOT FINANCIAL INSURANCE COMPANY
JEFFERSON PILOT LIFEAMERICA INSURANCE COMPANY

on 9 - 25, 2001.

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: AVP - NB

on 9 - 25, 2001.

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: [ILLEGIBLE]

Executed by:
SWISS RE LIFE & HEALTH AMERICA, INC.

on 10 - 01, 2001.

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Vice President

on 10/18, 2001.

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Second VP

ADDENDUM NO. 5

To The 5/1/2000 Automatic Reinsurance Agreement

Between

Jefferson-Pilot Life Insurance Company
Jefferson Pilot Financial Insurance Company
Jefferson Pilot LifeAmerica Insurance Company

And

Swiss Re Life & Health America, Inc.

1. Effective May 1, 2000, Exhibit 1.2., SUBSTANDARD AUTOMATIC PROGRAM is
replaced in its entirety with the following:

One-seventh of the issued amount up to the maximum limits in Exhibit I.1 Ages
15-80 (through Table 4, issued Standard) in accordance with the guidelines of
the Lincoln National Underwriting Manual. Once a policy is reinsured under this
program and later has a smoker class change to Preferred or Preferred Plus, the
risk remains under the Substandard Automatic Program and the surcharge is
removed.

2. Effective May 1, 2000, Exhibit 1.3., IMPAIRED RISK PROGRAM is replaced in
its entirety with the following:

One-seventh of the issued amount up to the maximum limits in Exhibit I.1 Ages
15-85 (Table 1 or higher and/or any flat-extra) in accordance with the
guidelines of the General and Cologne Underwriting Manual. Once a policy is
reinsured under this program and later has a rating change or removal, the
policy remains under the Impaired Risk Program.

3. Once a policy is placed under the Substandard Automatic Program or the
Impaired Risk Program and later has a rating reduction, removal or
expiration, and/or smoker classification change, the retention remains
unchanged.

4. Effective May 1, 2000, ARTICLE XII, CLAIMS shall include the following:

10. An Accelerated Death Benefit Rider is provided as a free service to
policyowners. This allows a policyowner to access half or less of
the death benefit if the insured is diagnosed as being terminally
ill with a life expectancy of 12 months or less. Our liability for
the insurance benefits reinsured under this Agreement will be the
same as your liability for such benefits. Reinsurance claim
settlements will be subject to the terms and conditions of the
particular contract under which you are liable.

5. Effective November 1, 2001, Jefferson Pilot Financial will use the
underwriting manual of Swiss Re Life & Health America, Inc. This manual will be
used for standard issues including issues in the Substandard Automatic Program.
The Impaired Risk Program will continue to follow the guidelines listed in item
2. above.

The provisions of this addendum shall be subject to all the terms and conditions
of the Agreement which do not conflict with the terms hereof.

This Addendum is signed in duplicate at the dates and places indicated.

Executed by
JEFFERSON-PILOT LIFE INSURANCE COMPANY
JEFFERSON PILOT FINANCIAL INSURANCE COMPANY
JEFFERSON PILOT LIFEAMERICA INSURANCE COMPANY

On: November 13, 2001

By: /s/ [ILLEGIBLE]
-------------------------------------

Title: Senior Vice President

On: November 13, 2001

By: /s/ [ILLEGIBLE]
-------------------------------------

Title: Reinsurance Manager

Executed by:
SWISS RE LIFE & HEALTH AMERICA, INC.

On: November 20, 2001.

By: /s/ [ILLEGIBLE]
-------------------------------------

Title: VICE PRESIDENT

On: 11/20, 2001.

By: /s/ [ILLEGIBLE]
-------------------------------------

Title: Second VP

ADDENDUM NO. 6

To the 5/1/2000 Automatic Reinsurance Agreement

Between the

Jefferson-Pilot Life Insurance Company
Jefferson Pilot Financial Insurance Company
Jefferson Pilot LifeAmerica Insurance Company

And

Swiss Re Life & Health America, Inc.

EFFECTIVE JANUARY 1, 2002

- Exhibit VI, SIMPLIFIED ISSUE PROGRAM, Item 12 is amended to allow a maximum
issue per policy of $5,000,000 with a maximum stacking amount of $5,000,000.

- Exhibit VI(A), SIMPLIFIED ISSUE/DIRECTORS CAP PROGRAM, Item A, is replaced
in its entirety with the following:

A. If only one Director is added, up to a $5,000,000 term contract may be
applied for and he or she will be subject to regular age and amount
requirements with the exception being that no inspection report will be
required. In addition, upon submission of an application including
examination and a payment of not less than $10% of the estimated annual
premium, the Conditional Insurance Agreement will be in effect for an
amount of $1,000,000.

B. When another Director is subsequently added to the board, a
survivorship policy up to $5,000,000 may be applied for. The Director
covered under the term contract shall convert his or her policy to the
survivorship policy. The new Director shall be added subject to the
same binding agreement and underwriting requirements as though he or
she were part of the initial group as stated in paragraphs 1 through 8
above.

- Exhibit VI(B), SIMPLIFIED ISSUE/XXXX XXXX CASES, Item 4, is hereby amended
to allow a maximum issue amount of $5,000,000.

All terms, provisions and conditions of this Agreement will continue unchanged
except as specifically revised in this Addendum.

Executed by:
JEFFERSON-PILOT LIFE INSURANCE COMPANY
JEFFERSON PILOT FINANCIAL INSURANCE COMPANY
JEFFERSON PILOT LIFEAMERICA INSURANCE COMPANY

On 3 - 1, 2002

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Senior Vice President

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Reinsurance Manager

Executed By:
SWISS RE LIFE & HEALTH AMERICA, INC.

On 3 - 14 -, 2002

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: [ILLEGIBLE]

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Second VP

ADDENDUM NO. 7

To the 5/1/2000 Automatic Reinsurance Agreement

Between the

Jefferson-Pilot Life Insurance Company
Jefferson Pilot Financial Insurance Company
Jefferson Pilot LifeAmerica Insurance Company

And

Swiss Re Life & Health America, Inc.

EFFECTIVE JANUARY 1, 2002

Exhibit IV, SUBSTANDARD AUTOMATIC PROGRAM, is amended to allow an exception for
a total issue of $7,000,000 Second-to-die policies on the life of Xxxxxx X. Xxxx
(date of birth 06-04-55) and Xxxx X. Xxxx (date of birth 03-20-56). The Policy
Numbers and amounts involved are: JP5217985 for $3,000,000 and 536006584N for
$4,000,000. These policies are approved for inclusion in the Substandard
Automatic Program as an exception.

All terms, provisions and conditions of this Agreement will continue unchanged
except as specifically revised in this Addendum.

Executed by:
JEFFERSON-PILOT LIFE INSURANCE COMPANY
JEFFERSON PILOT FINANCIAL INSURANCE COMPANY
JEFFERSON PILOT LIFEAMERICA INSURANCE COMPANY

On 1 - 23, 2002

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Senior Vice President

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Reinsurance Manager

Executed by:
SWISS RE LIFE & HEALTH AMERICA, INC.

On April 5, 2002

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: VICE PRESIDENT

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Second VP

ADDENDUM NO. 8

To the 5/1/2000 Automatic Reinsurance Agreement

Between the

Jefferson Pilot Life Insurance Company
Jefferson Pilot Financial Insurance Company
Jefferson Pilot LifeAmerica Insurance Company

And

Swiss Re Life & Health America, Inc.

EFFECTIVE 5/1/2000

EXHIBIT II, 2. STANDARD AND SUBSTANDARD TABLE EXTRA PREMIUMS, A. SINGLE LIFE
PRODUCTS: is amended to include the following:

The reinsurance premium for the Single Life products issued and
reinsured by you on an age last birthday basis, ALB, will use
the same reinsurance rates and percentages as other products
issued and reinsured by you under this agreement.

All terms, provisions and conditions of this Agreement will continue unchanged
except as specifically revised in this Addendum.

Executed by:
JEFFERSON-PILOT LIFE INSURANCE COMPANY
JEFFERSON PILOT FINANCIAL INSURANCE COMPANY
JEFFERSON PILOT LIFEAMERICA INSURANCE COMPANY

On 9-19, 2002

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Senior Vice President

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Reinsurance Manager

Executed by:
SWISS RE LIFE & HEALTH AMERICA, INC.

On 10 - 16, 2002

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: [ILLEGIBLE]

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Second VP

ADDENDUM NO. 9

To the 5/1/2000 Automatic Reinsurance Agreement

Between the

Jefferson-Pilot Life Insurance Company
Jefferson Pilot Financial Insurance Company
Jefferson Pilot LifeAmerica Insurance Company

And

Swiss Re Life & Health America Inc.

EFFECTIVE MAY 1, 2000

For clarity of intent, Exhibit V, IMPAIRED RISK PROGRAM, is amended to state
that Joint Survivor Life Policies with an uninsurable individual are included in
the Impaired Risk Pool.

All other terms and conditions of this Agreement will continue unchanged except
as specifically revised in this Addendum.

Executed by:
JEFFERSON-PILOT LIFE INSURANCE COMPANY
JEFFERSON PILOT FINANCIAL INSURANCE COMPANY
JEFFERSON PILOT LIFEAMERICA INSURANCE COMPANY

On 12 - 3, 2002

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Senior Vice President

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: Reinsurance Manager

Executed by:
SWISS RE LIFE & HEALTH AMERICA, INC.

On Jan 15, 2003

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: V.P.

By: /s/ [ILLEGIBLE]
-------------------------------------
Title: 2nd VP

Document Metadata

Table of Contents

Automatic Reinsurance Agreement

Document Metadata