Amendment No. 5 to Automatic Flexible Premium Variable Life Reinsurance Agreement No. 2 between Western Reserve Life Assurance Co. of Ohio and Global Preferred Re Limited

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Summary

This amendment updates the Automatic Flexible Premium Variable Life Reinsurance Agreement No. 2 between Western Reserve Life Assurance Co. of Ohio and WMA Life Insurance Company Limited, now renamed Global Preferred Re Limited. The amendment formally recognizes the reinsurer's name change, effective September 18, 2001. All other terms of the original agreement remain unchanged and in effect. The amendment was executed by authorized officers of both companies on December 31, 2001.

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EX-10.34 6 g74145ex10-34.txt AMENDMENT TO AUTOMATIC FLEXIBLE PREMIUM VARIABLE EXHIBIT 10.34 AMENDMENT NUMBER 5 TO THE AUTOMATIC FLEXIBLE PREMIUM VARIABLE LIFE REINSURANCE AGREEMENT NUMBER 2 (REFERRED TO AS THE AGREEMENT) BETWEEN WESTERN RESERVE LIFE ASSURANCE CO. OF OHIO ST. PETERSBURG, FLORIDA (REFERRED TO AS THE REINSURED) AND WMA LIFE INSURANCE COMPANY LIMITED HAMILTON, BERMUDA (REFERRED TO AS THE REINSURER) The Reinsurer, WMA LIFE INSURANCE COMPANY LIMITED, has changed its name to "GLOBAL PREFERRED RE LIMITED" effective as of September 18, 2001. Except as expressed herein, all terms, covenants and provisions of the Automatic Flexible Premium Variable Life Reinsurance Agreement Number 2, as amended, that are not in conflict with the provisions of this amendment shall remain unaltered and in full force and effect. In witness of the above, the Reinsured and the Reinsurer, by their respective officers have executed this amendment in duplicate at the dates and places indicated. WESTERN RESERVE LIFE ASSURANCE GLOBAL PREFERRED RE LIMITED CO. OF OHIO at St. Petersburg, FL at Duluth, Georgia ----------------------------- ---------------------------------- on December 31, 2001 on December 31, 2001 ----------------- ----------------- By: /s/ Larry Kirkland By: /s/ Edward F. McKernan ----------------------------- --------------------------------- Title: VP and Managing Actuary Title: President and Actuary By: /s/ ILLEGIBLE By: /s/ Daniel W. McLeroy ----------------------------- --------------------------------- Attest: Attest: Director, Financial Projects