Exhibit 10.10-b

 

FIRST AMENDMENT TO

 

COINSURANCE AGREEMENT

 

This First Amendment to the Coinsurance Agreement (“First Amendment”) effective
January 1, 2004, by and between EquiTrust Life Insurance Company (“Reinsurer”)
and American Equity Investment Life Insurance Company (“Company”) shall be
effective August 1, 2004.

 

WHEREAS, the Reinsurer and Company wish to amend the Coinsurance Agreement
entered into between the parties with an effective date of January 1, 2004 (the
“Coinsurance Agreement”).

 

NOW, THEREFORE, the Coinsurance Agreement is hereby amended as follows:

 

1.  Schedule A entitled CONTRACTS AND RISK REINSURED shall be deleted in its
entirety and replaced with the First Amendment to Schedule A, a copy of which is
attached hereto as Exhibit 1.

 

2.  In all other respects, the Coinsurance Agreement shall remain in full force
and effect.

 

IN WITNESS WHEREOF, the parties have executed this First Amendment effective
August 1, 2004.

 

EQUITRUST

AMERICAN EQUITY INVESTMENT

LIFE INSURANCE COMPANY

 

LIFE INSURANCE COMPANY

 

 

 

 

By:

 /s/ William J. Oddy

 

 

By:

 /s/ D.J. Noble

 

 

 

 

 

Name: William J. Oddy

 

Name: D.J. Noble

 

 

 

Title: Chief Executive Officer

Title: Chief Executive Officer

 

 

 

 

Date:

7/30/2004

 

 

Date:

7/30/2004

 

 

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FIRST AMENDMENT TO

 

SCHEDULE A

 

CONTRACTS AND RISKS REINSURED

 

Company agrees to cede to the Reinsurer, and the Reinsurer agrees to accept from
the Company the Quota Share reinsurance participation for the risks as scheduled
below that are not currently reinsured under another agreement:

 

Beginning January 1, 2004 through the end of business on July 31, 2004, the
Quota Share will equal 20%.  Thereafter, the Quota Share, shall equal 0% until
such time as the parties agree to resume ceding/assuming new business and amend
this Schedule A accordingly.

 

Reinsured Contracts

 

BRAVO

 

INDEX-12

 

INDEX-28

FPDA-1(3%)

 

INDEX-13

 

INDEX-29

FPDA-3

 

INDEX-15

 

INDEX-30

FPDA-4

 

INDEX-16

 

INDEX-5

FPDA-6

 

INDEX-17

 

INDEX-6

FPDA-7

 

INDEX-18

 

INDEX-8

FPDA-8

 

INDEX-19

 

INDEXP3

I-2000

 

INDEX-22

 

SUPER-7

I-2001

 

INDEX-23

 

SPDA-1

I-2002

 

INDEX-24

 

SPDA-2

INDEX

 

INDEX-25

 

SPDA-5

INDEX-1

 

INDEX-26

 

 

INDEX-10

 

INDEX-27

 

 

 

State variations of the listed products are included under this agreement

 

Effective date of this Schedule: Policies issued beginning January 1, 2004, and
ending on July 31, 2004.

 

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