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 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.
Plan Codes
ACCUMULATOR
FPDA-3 7.3
I-2001TX
INDEX-26
SNF ACC55
BN PROCEED
FPDA-3 REV
I-2001TX-5
INDEX-27
SNF ACCUM
BRAVO
FPDA-3FL
I-2002
INDEX-27IN
SPDA-1
BRAVO 2003
FPDA-3IN
I-2002 REV
INDEX-28
SPDA-1(3%)
CUMULATOR
FPDA-3TX
I-25 (REV)
INDEX-28IN
SPDA-1PA
F-3FLREV
FPDA-4
I-27 (REV)
INDEX-28KY
SPDA-1PLUS
F-3INREV
FPDA-4PA
I-27REV IN
INDEX-29
SPDA-1SNF
F-3REVTX
FPDA-4SNF
I-27REV KY
INDEX-30
SPDA-1UT
FPD22.25IN
FPDA-5
I-29 (REV)
INDEX-3-05
SPDA-2
FPD32.25IN
FPDA5 2.25
IDX-1-05IN
INDEX-30IN
SPDA-2(3%)
FPD72.25IN
FPDA5225IN
IDX-1-05KY
INDEX-30KY
SPDA-2PA
FPD82.25IN
FPDA-5FL
IDX-26 7.5
INDEX-4
SPDA-2SNF
FPDA-1
FPDA-5PLUS
IDX-4-05TX
INDEX-4-05
SPDA-5
FPDA-1(3%)
FPDA-6
INDEX
INDEX-5
STRETCH
FPDA-10
FPDA-6FL
INDEX-1
INDEX-5-05
SUPER-7
FPDA-10SNF
FPDA-6TX
INDEX-2
INDEX-6
SUPER-7REV
FPDA-10TX
FPDA-7
INDEX-10
INDEX-6SNF
SUPER-7TX
FPDA-10VA
FPDA7 2.25
INDEX-1-05
INDEX-6TX
SUPR7 2.25
FPDA-11
FPDA-8
INDEX-12
INDEX-8
SUPR7225IN
FPDA-11SNF
FPDA8 2.25
INDEX-13
INDEX-T03
FPDA-11TX
FPDA-PD2
INDEX-15
INDEXP3
FPDA-1PA
GFIR
INDEX-16
INDEXP3FL
FPDA-1SNF
GFIR2-3
INDEX-17
INDEXP3-PA
FPDA-2
GFIR-5
INDEX-18
INDEXP3TX
FPDA2 2.25
I-19 (REV)
INDEX-19
INDX-2
FPDA2-2001
I-19 REV7
INDEX-22
INDX-I
FPDA-2PLUS
I-2000
INDEX-23
INDX-IIN
FPDA-2TX
I-2000TX
INDEX-24
INDX-IPA
FPDA-3
I-2000TX-5
INDEX-25
INDX-ITX
FPDA3 2.25
I-2001
INDEX-25WA
S-7TXREV
20
EXHIBIT B-2
REINSURED RISKS
The following risks are covered under this Agreement, resulting in the Claim
Amounts and Claim Reimbursements defined below, for each of the Reinsured
Policies:
(a) Waiver of Surrender Charge on Partial Withdrawal
Where the contract issued by the Company to the holder of one of the Reinsured
Policies provides for it, the Company waives the surrender charge that normally
applies to surrenders or withdrawals, and allows a free partial withdrawal. The
cost to the Company of such waived surrender charges is a Reinsured Risk under
this Agreement.
Any surrender charge waived for any reason other than as provided for in the
contract originally issued to the holder of the Reinsured Policy by the Company
is not a Reinsured Risk.
Without prejudice to the generality of the foregoing, in no event will a
surrender charge waived in the following circumstances be considered a Reinsured
Risk:
(i) on withdrawal in the first contract year of the Reinsured Policy;
(ii) on partial withdrawals in excess of 10% of the fund value in any contract
year of the Reinsured Policy;
(iii) at the discretion of the Company;
(iv) as required or demanded of the Company by any third party.
Where a surrender charge actually waived by the Company is a Reinsured Risk, the
Reinsurer's Share of that surrender charge is a Claim Amount.
Where the contract issued by the Company to the holder of one of the Reinsured
Policies provides for it, the Company applies