AMENDMENT V TO THE REINSURANCE AGREEMENT BETWEEN AMERICAN EQUITY INVESTMENT LIFE INSURANCE COMPANY (Referred to in this Amendment as the Company) AND HANNOVER LIFE REASSURANCE COMPANY OF AMERICA (Referred to in this Amendment as the Reinsurer)

EX-10.35 3 exhibit1035123110.htm EXHIBIT 10.35 WebFilings | EDGAR view
 

Exhibit 10.35
 
AMENDMENT V
TO THE REINSURANCE AGREEMENT
BETWEEN
AMERICAN EQUITY INVESTMENT LIFE INSURANCE COMPANY
(Referred to in this Amendment as the Company)
AND
HANNOVER LIFE REASSURANCE COMPANY OF AMERICA
(Referred to in this Amendment as the Reinsurer)
This Amendment V is to be attached to and made a part of the Automatic YRT Reinsurance Agreement which became effective October 1, 2005. All provisions of the Reinsurance Agreement not in conflict with the provisions of this Amendment V shall remain unchanged.
As of the effective date of this Amendment V, the following shall replace Exhibit B-1 -- Plans Covered in its entirety.
EXHIBIT B-1
PLANS COVERED
This Agreement provides for reinsurance of the Company's Single Premium Deferred Annuities (SPDAs) and Flexible Premium Deferred Annuities (FPDAs), with the plan codes listed below.
All such plans issued and in-force as of the Effective Date of the Agreement and all such plans issued on or after the Effective Date are reinsured under the Agreement.
With respect to plans reinsured with EquiTrust Life Insurance Company or Athene Life Re Ltd. as of the Effective Date of this Agreement, the Agreement provides reinsurance on the portion of such plans not reinsured with EquiTrust Life Insurance Company or Athene Life Re Ltd.
With respect to the IDX-RG-09, IDXRG-09IN, INDEX-2-09, FX-RG-09, FXRG-2-09, IDX-2-09IN, I-2-09LB10, I209LB10FL, I-209LBIN, I209TXLB10, IDX-2-09TX, and I-RG09LB10 plans:
1.    
The term "surrender charge" as used throughout this Agreement shall mean the combined effect of the contractually defined surrender charge and the bonus vesting schedule. The resulting surrender charge percentages are level within each contract year.
2.    
Contracts with bonus percentages over 12% will not be reinsured under this Agreement unless the Company obtains prior written approval from the Reinsurer.
 
 
 
AUTOMATIC YRT
HA-AEIL-05

 
 

November 18, 2010                             AMENDMENT V
Plan Codes
ACCUMULATOR
FPDA-3
I-2001TX
INDEX-10
INDEX-6TX
BN PROCEED
FPDA3 2.25
I-2001TX-5
INDEX-1-05
INDEX-8
BRAVO
FPDA-3 7.3
I-2002
INDEX-12
INDEXP3
BRAVO 2003
FPDA-3 REV
I-2002 REV
INDEX-13
INDEXP3FL
CUMULATOR
FPDA-3FL
I-2-09LB10
INDEX-15
INDEXP3-PA
F-3FLREV
FPDA-3IN
I-209LB10FL
INDEX-16
INDEXP3TX
F-3INREV
FPDA-3TX
I-209LBIN
INDEX-17
INDEX-T03
F-3REVTX
FPDA-4
I209TXLB10
INDEX-18
INDX-2
FPD11NOMVA
FPDA-4PA
I-25 (REV)
INDEX-19
INDX-I
FPD22.25IN
FPDA-4SNF
I-27 (REV)
INDEX-2
INDX-IIN
FPD32.25IN
FPDA-5
I-27REV IN
INDEX-2-06
INDX-IPA
FPD72.25IN
FPDA5 2.25
I-27REV KY
INDEX-2-09
INDX-ITX
FPD82.25IN
FPDA5225IN
I-29 (REV)
INDEX-22
I-RG09LB10
FPDA-1
FPDA-5FL
IDX-105ELB
INDEX-23
IX107ELFL
FPDA-1(3%)
FPDA-5PLUS
IDX-1-05IN
INDEX-24
IX107LBFL
FPDA-10
FPDA-6
IDX-1-05KY
INDEX-25
S-7TXREV
FPDA-10IL
FPDA-6FL
IDX-1-05SC
INDEX-25WA
SNF ACC55
FPDA-2TX
FPDA-6TX
IDX-1-07ELB
INDEX-26
SNF ACCUM
FPDA-10IN
FPDA-7
IDX-1-07FL
INDEX-27
SPDA-1
FPDA-10PA
FPDA7 2.25
IDX-1-07LB
INDEX-27IN
SPDA-1(3%)
FPDA-10SNF
FPDA-8
IDX-2-09IN
INDEX-28
SPDA-1PA
FPDA-10TX
FPDA8 2.25
IDX-2-09TX
INDEX-28IN
SPDA-1PLUS
FPDA-10VA
FPDA-PD2
IDX-26 7.5
INDEX-28KY
SPDA-1SNF
FPDA-10WA
GFIR
IDX-28ELB
INDEX-29
SPDA-1UT
FPDA-11
GFIR2-3
IDX-28LB
INDEX-30
SPDA-2
FPDA-11SNF
GFIR-5
IDX-30LB
INDEX-3-05
SPDA-2(3%)
FPDA-11TX
I-1-05LB10
IDX-405ELB
INDEX-30IN
SPDA-2PA
FPDA-12
I-1-07LB10
IDX-4-05LB
INDEX-30KY
SPDA-2SNF
FPDA-1PA
I107LB10FL
IDX-4-05TX
INDEX-4
SPDA-5
FPDA-1SNF
I-19 (REV)
IDX-6-05-1
INDEX-4-05
STRETCH
FPDA-2
I-19 REV7
IDX-RG-09
INDEX-5
SUPER-7
FPDA2 2.25
I-2000
IDXRG-09IN
INDEX-5-05
SUPER-7REV
FPDA2-2001
I-2000TX
INDEX
INDEX-6
SUPER-7TX
FPDA-2PLUS
I-2000TX-5
INDEX 1-07
INDEX-6-05
SUPR7 2.25
INDEX-6SNF
I-2001
INDEX-1
FX-RG-09
SUPR7225IN
 
 
 
FXRG-2-09
 
 
 
 
 
 
 
 
 
AUTOMATIC YRT

 
 

HA-AEIL-05
November 18, 2010                             AMENDMENT V
EXECUTION
In witness of the above, this Amendment V is signed in duplicate at the dates and places indicated with an effective date of October 1, 2010.
HANNOVER LIFE REASSURANCE COMPANY OF AMERICA
AMERICAN EQUITY INVESTMENT LIFE INSURANCE COMPANY
ORLANDO, FLORIDA
WEST DES MOINES, IOWA
 
 
DATE: NOVEMBER 18, 2010
DATE: NOVEMBER 18, 2010
 
 
BY: /S/ JEFF BURT
BY: /S/ JUDITH A. NAANEP
 
 
TITLE: EVP
TITLE: VP, CORPORATE ACTUARY
 
 
BY: /S/ STEVE NAJJAR
BY: /S/ ELIZABETH CLARK
 
 
TITLE: EVP
TITLE: AVP