AMENDMENT XXIV Effective November 1, 2005
Exhibit 10.(n)
AMENDMENT XXIV
Effective November 1, 2005
Amendment XXIV to the Automatic Reinsurance Agreement, effective April 1, 1984, between ReliaStar Life Insurance Company (Reinsurer) and ReliaStar Life Insurance Company of New York (Company).
It is hereby agreed that effective on and after November 1, 2005 the Reinsurance Agreement shall be amended as follows;
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1. |
Exhibit II, Part 6 is added to the Agreement to include rates for the TermSmart products. | |
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2. |
Exhibit III is amended to include the TermSmart product series. |
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Except as herein specified, all the terms and conditions of the Reinsurance Agreement shall apply, and this Amendment is to be added to and made part of the aforesaid Agreement.
In witness of the above, ReliaStar Life Insurance Company and ReliaStar Life Insurance Company of New York have by their respective officers executed and delivered this Amendment XXIII in duplicate on the dates indicated below, with an Effective Date of November 1, 2005
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RELIASTAR LIFE INSURANCE COMPANY |
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RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK |
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By: /s/ Xxxxxxx Xxx Xxxxxxx Xxx Title: Vice President & Actuary
Date: 2/22/06
Attest: /s/ Xxxx Xxxxxxx Xxxx Xxxxxxx Title: Vice President & Actuary
Date: 2/22/06
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By: /s/ Xxxxxxx Xxx Xxxxxxx Xxx Title: Vice President & Actuary
Date: 2/22/06
Attest: /s/ Xxxx Xxxxxxx Xxxx Xxxxxxx Title: Vice President & Actuary
Date: 2/22/06
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EXHIBIT II – PART 6
Reinsurance Rates – TermSmart
The reinsurance premiums for the TermSmart 10, 15, 20 and 30 year products are the following percentages of the 1975-1980 Select and Ultimate Mortality Table, Age Nearest Birthday basis, attached to this Exhibit II, Part 6. First year premiums are zero.
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Super Preferred Non-tobacco |
29.5% |
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Preferred Non-Tobacco |
36% |
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Standard Non-Tobacco |
51% |
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Preferred Tobacco |
93% |
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Standard Tobacco |
125% |
EXHIBIT III
Plans of Insurance
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Plan Name |
Policy Form Number |
Effective Date |
Termination Date |
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Economy Life |
10640NY |
April 1, 1984 |
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Security 21 |
10780NY |
April 1, 1984 |
April 1, 1990 |
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One/Five Year R&C |
10860NY |
April 1, 1984 |
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Life Paid Up at 95 |
10850NY |
April 1, 1984 |
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Designer Life |
10840NY |
April 1, 1984 |
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Designer Life Plus |
10890NY |
October 1, 1985 |
December 1, 1987 |
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Designer Life III |
10980NY |
August 1, 1985 |
December 1, 1987 |
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New Life II/Plus |
10960NY |
February 1, 1986 |
December 1, 1987 |
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New Life I |
10970NY |
February 1, 1986 |
December 1, 1987 |
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Premier Design |
11060NY |
January 1, 1988 |
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Guarantee Life |
11220NY |
January 1, 1991 |
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Joint Design |
11260NY |
June 1, 1992 |
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Estate Design |
11400NY |
November 1, 1992 |
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Design XX |
X-XX-0000-00 |
Xxxxx 0, 0000 |
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Xxxxxxxx Xxxxxx Design NY |
85-438 |
February 1, 2001 |
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Select Life NY II |
86-025 |
March 1, 2001 |
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Design UL (2001) |
1132R NY |
March 1, 2001 |
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Premier Design |
1135R NY |
February 1, 2002 |
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GPUL |
1175R NY |
June 30, 2004 |
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ING Capital Accumulator UL |
131906R |
October 1, 2004 |
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Investor Elite |
86-756 |
October 1, 2004 |
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Protector UL NY |
86-810 |
October 1, 2004 |
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GPSUL |
1176NY |
October 1, 2004 |
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TermSmart 10 |
1177R NY |
November 1, 2005 |
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TermSmart 15 |
1177R NY |
November 1, 2005 |
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TermSmart 20 |
1177R NY |
November 1, 2005 |
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TermSmart 30 |
1177R NY |
November 1, 2005 |
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