AMENDMENT NO. 1 TO
AUTOMATIC REINSURANCE AGREEMENT
EFFECTIVE AS OF JANUARY 1, 2012
(AGREEMENT)
BETWEEN
METLIFE INVESTORS USA INSURANCE COMPANY
(CEDENT)
AND
EXETER REASSURANCE COMPANY, LTD.
(REINSURER)
The Agreement is hereby amended, as of September 30, 2012, as follows:
1. The attached Schedule A, Plans of Reinsurance, amends and, as
amended, restates Schedule A, Plans of Reinsurance.
2. The attached Schedule B, Reinsurance Premiums, amends and, as
amended, restates Schedule B, Reinsurance Premiums.
This Amendment No. 1 does not alter, amend or modify the Agreement other than as
set forth herein, and the terms and conditions of the Agreement, as amended
herein, continue in effect without other change.
In Witness whereof, the parties have caused this Amendment No. 1 to be signed as
of the date first above written.
METLIFE INVESTORS USA INSURANCE COMPANY
By: /s/ Xxxxxxx Xxxxx
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Name: Xxxxxxx Xxxxx
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Title: Vice President
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EXETER REASSURANCE COMPANY, LTD.
By: /s/ Xxxxxxxxxxx Xxxxxx
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Name: Xxxxxxxxxxx Xxxxxx
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Title: Vice President and Actuary
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SCHEDULE A
PLANS OF REINSURANCE
A. Reinsurer's Percentage:
100% of the ceded liabilities described in Article I paragraph B, for
the Reinsured Contracts.
B. Reinsured Contracts:
VARIABLE ANNUITY CONTRACTS
--------------------------
VA Series Contract (Standard Contract, 7-year surrender charge
schedule)
L Series Contract (4-year surrender charge schedule)
C Series Contract (No surrender charges)
S Series Contract (Standard and L Series)
VA - 4 Series Contract (L Class)
O Series Contract (Front-end load & 7-year surrender charge schedule,
Xxxxxx Xxxxx distribution)
Marquis Portfolios (No surrender charges)
PrimElite IV (8-year surrender charge schedule)
Simple Solutions (6-year surrender charge schedule)
MetLife Growth & Guaranteed Income (5-year surrender charge schedule,
Fidelity Distribution)
FORM NUMBERS
------------
Guaranteed Minimum Death Benefits and Earnings Preservation Benefits:
---------------------------------------------------------------------
Principal Protection: Form 8015 (11/00)
Option 2 - Return of Purchase Payment Death Benefit: MGGI (10/09)
Annual Step-Up: Form 8017 (11/00)
Greater of Annual Step-Up and 5% Rollup: Form 8016(11/00)
Enhanced Death Benefit II: Form MLIU-640-1 (4/08) & Endorsement MLIU-
RMD (7/10)-E
Enhanced Death Benefit III: Form MLIU-640-1 (4/08) & Endorsement MLIU-
RMD (7/10)-E
Enhanced Death Benefit Xxx XX: Form MLIU-640-1 (4/08) & Endorsement
MLIU-RMD (7/10)-E
Enhanced Death Benefit Max III: Form MLIU-640-1 (4/08) & Endorsement
MLIU-RMD (7/10)-E
Enhanced Death Benefit Xxx XX: Form MLIU-640-1 (4/08), MLIU-640-1-OR
(12/11) & Endorsement MLIU-RMD (7/10)-E
Additional Death Benefit - Earnings Preservation Benefit (EPB): Form
8019 (11/00)
Guaranteed Minimum Income Benefits:
-----------------------------------
Guaranteed Minimum Income Benefit Plus: Form MLIU-560-4 (4/08) or
MLIU-560-5 (5/09)
Guaranteed Minimum Income Benefit Plus III: Form MLIU-560-6 (11/10) &
Endorsement MLIU-RMD (7/10)-E
Guaranteed Minimum Income Benefit Plus IV: Form MLIU-560-4 (4/08),
MLIU-560-6 (11/10), MLIU-560-7 (9/11) or MLIU-560-6-OR (9/11) &
Endorsement MLIU-RMD (7/10)-E
Guaranteed Minimum Income Benefit Xxx XX: Form MLIU-560-4 (4/08),
MLIU-560-8 (9/11) or MLIU-560-5-OR (9/11) & Endorsement MLIU-RMD
(7/10)-E
Guaranteed Minimum Income Benefit Max III: Form MLIU-560-4 (4/08),
MLIU-560-5 (09/10) MLIU-560-9 (12/11) or MLIU-560-7-OR (12/11) &
Endorsement MLIU-RMD (7/10)-E
Guaranteed Minimum Income Benefit Xxx XX: Form MLIU-560-4 (4/08),
MLIU-560-11 (8/12) or MLIU-560-9-OR (8/12) & Endorsement MLIU-RMD
(7/10)-E
Guaranteed Withdrawal Benefits:
-------------------------------
Guaranteed Withdrawal Benefit: Form MLIU-690-2 (11/05)
Lifetime Guaranteed Withdrawal Benefit: Form MLIU-690-3 (6/06)
Lifetime Withdrawal Guaranteed Benefit III: Form MLIU-690-4 (4/08) or
MLIU-690-5 (7/09)
Guaranteed Withdrawal Benefit for Life: MGGI (10/09)
SCHEDULE B
REINSURANCE PREMIUMS
A. GMDB PROGRAM
REINSURANCE PREMIUM
GMDB PROGRAM CONTRACTS COVERED (BASIS POINTS)
----------------------- --------------------------------- --------------------
Principal Protection All Reinsured Contracts 9.00
Option 2 - Return of MetLife Growth & Guaranteed 9.00
Purchase Payment Income Contracts
Death Benefit
Annual Step-Up All Reinsured Contracts, except S 20.00
Series, Simple Solutions &
MetLife Growth & Guaranteed
Income Contracts)
Greater of Annual Step- All Reinsured Contracts, except S 35.00
Up and 5% Rollup Series, Marquis Portfolios,
PrimElite IV, Simple Solutions &
MetLife Growth & Guaranteed
Income Contracts)
Enhanced Death All Reinsured Contracts, except 60.00
Benefit II VA - 4 Series, O Series Contract,
Marquis Portfolios, PrimElite IV,
Simple Solutions & MetLife
Growth & Guaranteed Income
Contracts
Issue Ages 0-69
Enhanced Death All Reinsured Contracts, except O 60.00
Benefit III Series Contract, Marquis
Portfolios, PrimElite IV, Simple
Solutions & MetLife Growth &
Guaranteed Income Contracts
Issue Ages 0-69
REINSURANCE PREMIUM
GMDB PROGRAM CONTRACTS COVERED (BASIS POINTS)
------------------------ --------------------------------- -------------------
Enhanced Death All Reinsured Contracts, except O 60.00
Benefit Xxx XX & Max III Series Contract, Marquis
Portfolios, PrimElite IV, Simple
Solutions & MetLife Growth &
Guaranteed Income Contracts
Issue Ages 0-69
Enhanced Death All Reinsured Contracts, except 60.00
Benefit Xxx XX L-Series Contract, C-Series
Contract, O Series Contract,
Marquis Portfolios, PrimElite IV,
Simple Solutions & MetLife
Growth & Guaranteed Income
Contracts
Issue Ages 0-69
Enhanced Death All Reinsured Contracts, except 115.00
Benefit II VA - 4 Series, O Series Contract
Marquis Portfolios, PrimElite IV,
Simple Solutions & MetLife
Growth & Guaranteed Income
Contracts
Issue Ages 70-75
Enhanced Death All Reinsured Contracts, except O 115.00
Benefit III Series Contract, Marquis
Portfolios, PrimElite IV, Simple
Solutions & MetLife Growth &
Guaranteed Income Contracts
Issue Ages 70-75
Enhanced Death All Reinsured Contracts, except O 115.00
Benefit Xxx XX & Max III Series Contract, Marquis
Portfolios, PrimElite IV, Simple
Solutions & MetLife Growth &
Guaranteed Income Contracts
Issue Ages 70-75
Enhanced Death All Reinsured Contracts, except 115.00
Benefit Xxx XX L-Series Contract, C-Series
Contract, O Series Contract,
Marquis Portfolios, PrimElite IV,
Simple Solutions & MetLife
Growth & Guaranteed Income
Contracts
Issue Ages 70-75
REINSURANCE PREMIUM
GMDB PROGRAM CONTRACTS COVERED (BASIS POINTS)
---------------------- --------------------------------- ---------------------
Enhanced Death Marquis Portfolios Contracts 80.00
Benefit II Issue Ages 0-69
Enhanced Death Marquis Portfolios Contracts 135.00
Benefit II Issue Ages 70-75
Earnings Preservation All Reinsured Contracts, except S 25.00
Benefit Series, Simple Solutions &
MetLife Growth & Guaranteed
Income Contracts
INCOME PROGRAM
REINSURANCE PREMIUM
INCOME PROGRAM CONTRACTS COVERED (BASIS POINTS)
---------------------- ---------------------------------- --------------------
GMIB Plus III: MLIU- All Reinsured Contracts, except 100.00
560-6 (11/10) & VA - 4 Series, O Series Contract,
Endorsement MLIU- PrimElite IV, Simple Solutions, &
RMD (7/10)-E MetLife Growth & Guaranteed
Income Contracts
GMIB Plus IV: 560-4 All Reinsured Contracts, except O 100.00
(4/08) or MLIU-560-7 Series Contract, PrimElite IV,
(9/11) or MLIU-560-6 Simple Solutions, & MetLife
(11/10) or MLIU-560-6- Growth & Guaranteed Income
OR (9/11) & Contracts
Endorsement MLIU-
RMD (7/10)-E
GMIB Xxx XX: MLIU- All Reinsured Contracts, except O 100.00
560-4 (4/08) or MLIU- Series Contract, Marquis
560-8 (9/11) or MLIU- Portfolios, PrimElite IV, Simple
560-5-OR (9/11) & Solutions, & MetLife Growth &
Endorsement MLIU- Guaranteed Income Contracts
RMD (7/10)-E
GMIB Max III: MLIU- All Reinsured Contracts, except O 100.00
560-4 (4/08) or MLIU- Series Contract, Marquis
560-5 (9/10) or MLIU- Portfolios, PrimElite IV, Simple
560-9 (12/11) MLIU- Solutions, & MetLife Growth &
560-7-OR (12/11) & Guaranteed Income Contracts
Endorsement MLIU-
RMD (7/10)-E
GMIB Xxx XX: MLIU- All Reinsured Contracts, except L- 100.00
560-4 (4/08) or MLIU- Series Contract, C-Series
560-11 (8/12) or MLIU- Contract, Marquis Portfolios,
560-9-OR (8/12) & PrimElite IV, Simple Solutions, &
Endorsement MLIU- MetLife Growth & Guaranteed
RMD (7/10)-E Income Contracts
GMIB Plus: Form MLU- Marquis Portfolios Contracts 115.00
560-4 (4/08) or MLU-
560-5 (5/09)
GMIB Plus III: 560-4
(4/08) or MLIU-560-6
(11/10) & Endorsement
MLIU-RMD (7/10)-E
B. WITHDRAWAL PROGRAM
REINSURANCE PREMIUM
WITHDRAWAL PROGRAM CONTRACTS COVERED (BASIS POINTS)
---------------------- ------------------------------- ---------------------
Principal Guarantee Marquis Portfolios Contracts 50.00
Principal Guarantee Marquis Portfolios Contracts 25.00
Value
Guaranteed PrimElite IV Contracts 25.00
Withdrawal Benefit
Lifetime GWB (2008 Marquis Portfolios Contracts 145.00
Version) - Single Life
Version
Lifetime GWB (2008 Marquis Portfolios Contracts 170.00
Version) - Joint Life
Version
Lifetime GWB - Single PrimElite IV Contracts 140.00
Life Version
Lifetime GWB - Joint PrimElite IV Contracts 155.00
Life Version
Lifetime LWG III - Simple Solutions Contracts 110.00
Single Life Version
Lifetime LWG III - Simple Solutions Contracts 130.00
Joint Life Version
Guaranteed MetLife Growth & Guaranteed 90.00
Withdrawal Benefit for Income Contracts
Life - Single Annuitant
Guaranteed MetLife Growth & Guaranteed 105.00
Withdrawal Benefit for Income Contracts
Life - Joint Annuitants
