AMENDMENT to ALL REINSURANCE AGREEMENTS (as documented in the attached Exhibit I) (the “Agreements”) between MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, (hereinafter the “Ceding Company”) and GENERALI USA LIFE REASSURANCE COMPANY (hereinafter the...
Exhibit 26(g) i. a. 2.
AMENDMENT to
(as documented in the attached Exhibit I)
(the “Agreements”)
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
MML BAY STATE LIFE INSURANCE COMPANY, and
C.M. LIFE INSURANCE COMPANY
(hereinafter the “Ceding Company”)
and
GENERALI USA LIFE REASSURANCE COMPANY
(hereinafter the “Reinsurer”)
Effective January 1, 2012, the Amendment Effective Date, the following information regarding the Long Term Care (LTC) Rider will be added to the Accepted Coverages provision in the Agreements:
| 1. | Effective January 1, 2012 through December 31, 2012, the LTC rider shall be eligible for reinsurance as a rider on the base product for |
| a. | the Whole Life Legacy 100 product, and |
| b. | Term and Perm into the Whole Life Legacy 100 product. |
| 2. | Effective January 1, 2013 and later, the LTC rider shall be eligible for reinsurance as a rider on the base product for |
| a. | the five traditional permanent products listed (Whole Life Legacy 100, Limited Pay Whole Life – LP10, Limited Pay Life to Age 65 – LP65, Whole Life Legacy High Early Cash Value and Whole Life Legacy 20 Pay), and |
| b. | Term and Perm into any of the five traditional permanent products listed above. |
A description of the LTC rider reinsurance coverage is in the attached EXHIBIT II.
This Amendment is meant to apply to reinsurance directly written on products for which the LTC rider is available, as well as to reinsurance on to products for which the LTC rider is available.
All terms and conditions of this Agreement not in conflict with the terms and conditions of this Amendment shall continue unchanged.
[page break]
IN WITNESS WHEREOF, the parties hereto execute this Amendment in good faith:
| MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | ||||||||
| By: |
/s/ Xxxxx X Xxxxxx |
Date: |
8-28-12 | |||||
|
|
| |||||||
| Xxxxx X. Xxxxxx |
||||||||
| Second Vice President & Actuary |
||||||||
| MML BAY STATE LIFE INSURANCE COMPANY | ||||||||
| By: |
/s/ Xxxxx X Xxxxxx |
Date: |
8-28-12 | |||||
|
|
| |||||||
| Xxxxx X. Xxxxxx |
||||||||
| Second Vice President & Actuary |
||||||||
| C.M. LIFE INSURANCE COMPANY | ||||||||
| By: |
/s/ Xxxxx X Xxxxxx |
Date: |
8-28-12 | |||||
|
|
| |||||||
| Xxxxx X. Xxxxxx |
||||||||
| Second Vice President & Actuary |
||||||||
| GENERALI USA LIFE REASSURANCE COMPANY | ||||||||
| By: |
/s/ Xxxxx X Xxxxx |
Date: | 8/17/2012 | |||||
|
|
| |||||||
| Print name: |
Xxxxx X Xxxxx |
|||||||
|
|
||||||||
| Title: |
SVP |
|||||||
|
|
||||||||
| GENERALI USA LIFE REASSURANCE COMPANY | ||||||||
| By: |
/s/ Xxxxx Xxxx |
Date: | 8/17/2012 | |||||
|
|
| |||||||
| Print name: |
Xxxxx Xxxx |
|||||||
|
|
||||||||
| Title: |
Asst Registrar |
|||||||
|
|
||||||||
[page break]
EXHIBIT I
| Coverage Effective Date |
Generali No. | Coverage Description | ||
| August 30, 2010 |
Vantage Term 2010 Series | |||
| July 15, 2008 |
Limited Pay WL (LP-10), Limited Pay Life to Age 65 (LP-65), Whole Life High Early Cash Value (HECV | |||
| November 1, 2005 |
SUL Guard/3/4 | |||
| November 1, 2005 |
XX Xxxxx/XX/0/0 | |||
| Xxx 0, 0000 |
Xxxxxxxx XX II | |||
| January 1, 2001 |
Fac Excess Agreement | |||
| January 1, 2000 |
WL/2007 Series WL/WL Legacy 100 | |||
| January 1, 2000 |
2000 Series Modified WL and HECV First Dollar Quota Share Agreement | |||
| February 1, 1992 |
Fac Salvage | |||
| August 1, 1990 |
Fac Salvage |
[page break]
EXHIBIT II: Long Term Care Rider
The Long Term Care Rider (LTC) allows .
| 1. | If a . |
If a .
.
[page break]
.
TABLE A
Sample Life Expectancy After LTC Benefits Paid
[table deleted]
AMENDMENT to the
SELECTED REINSURANCE AGREEMENTS listed in Exhibit I
(the “Agreements”)
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
MML BAY STATE LIFE INSURANCE COMPANY, and
C.M. LIFE INSURANCE COMPANY
(hereinafter referred to as the “Ceding Company”)
and
GENERALI USA LIFE REASSURANCE COMPANY
(hereinafter referred to as the “Reinsurer”)
Effective July 30, 2012, the Amendment Effective Date, the Agreements are hereby revised to include . The guidelines in the attached Exhibit II shall be added to the Underwriting Guidelines section of the automatic reinsurance Agreements listed in the attached Exhibit I.
The Individual risk must be underwritten by the Ceding Company in accordance with its standard underwriting practices and Underwriting Guidelines. The Ceding Company will notify the Reinsurer of any . The parties agree that any future updates will be communicated by .
It is understood however that the Reinsurer reserves the right to this Agreement for prior written notice if the Ceding Company its Underwriting Guidelines and the Reinsurer does . The Ceding Company and the Reinsurer, prior to , will make
[page break]
a .
All terms and conditions of this Agreement not in conflict with the terms and conditions of this Amendment shall continue unchanged.
[page break]
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: | 11-19-12 | |||||
|
|
| |||||||
| Xxxxx X. Xxxxxx |
||||||||
| Vice President & Actuary |
||||||||
| MML BAY STATE LIFE INSURANCE COMPANY | ||||||||
| By: |
/s/ Xxxxx X Xxxxxx |
Date: |
11-19-12 | |||||
|
|
| |||||||
| Xxxxx X. Xxxxxx |
||||||||
| Vice President & Actuary |
||||||||
| C.M. LIFE INSURANCE COMPANY | ||||||||
| By: |
/s/ Xxxxx X Xxxxxx |
Date: |
11-19-12 | |||||
|
|
| |||||||
| Xxxxx X. Xxxxxx |
||||||||
| Vice President & Actuary |
||||||||
| GENERALI USA LIFE REASSURANCE COMPANY | ||||||||
| By: |
/s/ Xxxxx X. Xxxxx |
Date: |
11/12/2012 | |||||
|
|
| |||||||
| Print name: |
Xxxxx X Xxxxx |
|||||||
|
|
||||||||
| Title: |
SVP |
|||||||
|
|
||||||||
| GENERALI USA LIFE REASSURANCE COMPANY | ||||||||
| By: |
/s/ Xxxxx Xxxx |
Date: |
11/12/2012 | |||||
|
|
| |||||||
| Print name: |
Xxxxx Xxxx |
|||||||
|
|
||||||||
| Title: |
Asst. Registrar |
|||||||
|
|
||||||||
[page break]
Exhibit I
| Effective Date of Agreement |
Description | TAI Code | Generali No | |||
|
|
||||||
| 5/1/2001 |
VUL II |
|
||||
|
|
[page break]
Exhibit II
.
[page break]
| • | Guidelines . |
[page break]
.
[page break]
| • | Note:. |
[page break]
[page break]
Country Classifications
[table deleted]
[page break]
Country Classifications
[table deleted]
[page break]
Country Classifications
[table deleted]
[page break]
Country Classifications
[table deleted]
[page break]
Country Classifications
[table deleted]
[page break]
Country Classifications
[table deleted]
[page break]
Country Classifications
[table deleted]
[page break]
Country Classifications
[table deleted]
[page break]
Country Classifications
[table deleted]
[page break]
Country Classifications
[table deleted]
