Document:

EX-10.9

 Exhibit 10.9 

AMENDED AND RESTATED REINSURANCE AGREEMENT 

between 
 Fidelity Life
Association, A Legal Reserve Life Insurance Company 
 Chicago, Illinois 

and 
 Hannover Life
Reassurance Company of America 
 Orlando, Florida 

Effective as of July 1, 2016 

HA-FKLA-08 

 TABLE OF CONTENTS 

 

							
	ARTICLE I	 	 GENERAL PROVISIONS
	 	 	4	 
	ARTICLE II	 	 PREMIUMS
	 	 	13	 
	ARTICLE III	 	 ALLOWANCES
	 	 	13	 
	ARTICLE IV	 	 CLAIMS
	 	 	13	 
	ARTICLE V	 	 QUOTA SHARE ADJUSTMENTS
	 	 	15	 
	ARTICLE VI	 	 EXPENSE AND RISK CHARGES
	 	 	15	 
	ARTICLE VII	 	 LOSS CARRYFORWARD AND REFUNDS
	 	 	15	 
	ARTICLE VIII	 	 ACCOUNTING AND SETTLEMENTS
	 	 	16	 
	ARTICLE IX	 	 DURATION AND RECAPTURE
	 	 	17	 
	ARTICLE X	 	 TERMINAL ACCOUNTING AND SETTLEMENT
	 	 	17	 
	ARTICLE XI	 	 ARBITRATION
	 	 	18	 
	ARTICLE XII	 	 INSOLVENCY
	 	 	20	 
	ARTICLE XIII	 	 CONFIDENTIAL INFORMATION
	 	 	20	 
	ARTICLE XIV	 	 REPRESENTATIONS AND WARRANTIES
	 	 	21	 
	ARTICLE XV	 	 CLOSING CONDITIONS
	 	 	23	 
	ARTICLE XVI	 	 ASSIGNMENT OR TRANSFER
	 	 	23	 
			
	SCHEDULE A	 	 SETTLEMENT STATEMENT
	 			
	SCHEDULE B	 	 FINANCIAL REPORTING REQUIREMENTS
	 			
	EXHIBIT A-1	 	 POLICY FORMS & PRODUCT NAMES FOR COVERED CO/YRT POLICIES
	 			
	EXHIBIT A-2	 	 POLICY FORMS & PRODUCT NAMES FOR COVERED YRT-only
POLICIES
	 			
	EXHIBIT B	 	 SCHEDULED DECREASE TO THE FUNDS WITHHELD ACCOUNT
	 			
	EXHIBIT C-1	 	 YRT GUARANTEED PREMIUM RATES FOR REINSURED POLICIES IN THEIR LEVEL PERIOD AND FOR ALL WHOLE LIFE
POLICIES
	 			
	EXHIBIT C-2	 	 YRT GUARANTEED PREMIUM RATES FOR REINSURED POLICIES IN THEIR POST-LEVEL PERIOD
	 			
	EXHIBIT D	 	 AMORTIZATION FACTORS
	 			
	EXHIBIT E	 	 MRT1 PREMIUM FACTORS
	 			

  
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 AMENDED AND RESTATED REINSURANCE AGREEMENT 

This Amended and Restated Reinsurance Agreement (this “Agreement”) is made and entered into by and between Fidelity Life
Association, A Legal Reserve Life Insurance Company (hereinafter referred to as the “Ceding Company”) and Hannover Life Reassurance Company of America (hereinafter referred to as the “Reinsurer”). This Agreement
shall be effective as of July 1, 2016 (the “Amended and Restated Effective Date”).
 WHEREAS, the Ceding Company and
Reinsurer entered into the Reinsurance Agreement (the “Original Agreement”) effective as of July 1, 2013 (the “Original Effective Date”), as amended by Amendment I and Amendment II effective July 1, 2013, and
June 30, 2015, respectively, and 
 WHEREAS, the Ceding Company and Reinsurer have mutually agreed to amend and restate the
Original Agreement effective as of the Amended and Restated Effective Date, and 
 NOW, THEREFORE, In consideration of the promises,
covenants, agreements, representations, and warranties contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

ENDORSEMENT PAGE 
 This Agreement is
executed in duplicate by officers of the Ceding Company and the Reinsurer indicated below. 
  

					
	 FIDELITY LIFE ASSOCIATION, A LEGAL

RESERVE LIFE INSURANCE-COMPANY
	 		 	 HANNOVER LIFE REASSURANCE
 COMPANY
OF AMERICA

			
	Signature: /s/ Gregory J Roemelt	 		 	Signature: UNDICIPHERABLE
			
	Name: Gregory J Roemelt	 		 	Name: UNDICIPHERABLE
			
	Title: Chief Actuary	 		 	Title: SVP
			
	Date Signed: 11/8/16	 		 	Date Signed: 9/13/2016
			
	Signature: /s/ Jim Harkensee	 		 	Signature: UNDICIPHERABLE
			
	Name: Jim Harkensee	 		 	Name: UNDICIPHERABLE
			
	Title: President & COO	 		 	Title: EVP
			
	Date Signed: 11/8/2016	 		 	Date Signed: 9/27/16

  
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 ARTICLE I – GENERAL PROVISIONS 

 

	1.	 Definitions. The following terms have the definitions set forth below: 

 

	 	1.1.	 Accounting Period: Has the meaning set forth in Article VIII, Paragraph 1. 

 

	 	1.2.	 Agreement: Means as defined in the introductory paragraph, Amended and Restated Reinsurance Agreement,
of this Agreement. 

  

	 	1.3.	 Amended and Restated Effective Date: Means as defined in the introductory paragraph, Amended and
Restated Reinsurance Agreement, of this Agreement. 

  

	 	1.4.	 Amortization Factor: Means for a given Accounting Period, the associated amount described in Exhibit D
attached hereto. 

  

	 	1.5.	 Ceding Company: Means as defined in the introductory paragraph of this Agreement. 

 

	 	1.6.	 Coinsured Benefits: Means for a given Accounting Period the product of (i) the Prior Coinsurance QS
and (ii) the aggregate death claims and covered rider benefits incurred by the Covered Co/YRT Policies during such Accounting Period, net of Third Party Reinsurance. 

 

	 	1.7.	 Coinsurance Net Premiums: Means for a given Accounting Period the product of (i) the Prior
Coinsurance QS and (ii) the premiums paid by policyholders in respect of the Covered Co/YRT Policies during the Accounting Period, net of Third Party Reinsurance. Means, on the Amended and Restated Effective Date, the product of (i) the
Net Statutory Reserves associated with the Newly Added Covered Co/YRT Policies, multiplied by (ii) 60%. 

  

	 	1.8.	 Consumer: Means as defined in Article XIll, Paragraph 2. 

 

	 	1.9.	 Covered Co/YRT Policies: Means all of the in force policies and riders with plan codes and policy forms
listed in Exhibit A-1 attached hereto, with issue dates on or before December 31, 2015. 

  

	 	1.10.	 Covered YRT-only Policies: Means all of the in force policies
with policy forms and plan codes listed in Exhibit A-2 attached hereto, with issue dates on or before December 31, 2015. 

 

	 	1.11.	 Customer: Means as defined in Article XIII, Paragraph 2. 

 

	 	1.12.	 Decrease to the Funds Withheld Account: Means for any given Accounting Period prior to the Experience
Refund Termination Date, the Scheduled Decrease to the Funds Withheld Account. Means for any given Accounting Period on and after the Experience Refund Termination Date, the greater of zero (0) and the result of (a) the Funds Withheld
Account Balance as of the end of the prior Accounting Period, minus (b) (i) the Net Statutory Reserves, multiplied by (ii) the Prior Coinsurance QS. 

 

	 	1.13.	 Expense Allowances: Means an amount as defined in Article III. 

 

	 	1.14.	 Experience Refund: Means an amount as defined in Article VII, Paragraph 2. 

 

	 	1.15.	 Experience Refund Termination Date: Means the first day after the end of the Accounting Period in which
the Net Coinsurance Reserve Post-Recapture is equal to zero. 

  

	 	1.16.	 Funds Withheld Account Balance: Means as of the Amended and Restated Effective Date, an amount equal to
the result of (a) the Funds Withheld Account Balance from the end of the prior Accounting Period, plus (b) (i) the Net Statutory Reserves associated with the Newly Added Covered Co/YRT Policies, multiplied by (ii) 60%. For any given
Accounting Period after the Amended and Restated Effective Date, the Funds Withheld Account Balance at the end of such period shall equal the lesser of (a) the result of (i) the Net Statutory Reserves, multiplied by (ii) the
Prior Coinsurance QS; and (b) the result of (i) the Funds Withheld Account Balance from the prior Accounting Period (provided, however, that the end of the first Accounting Period after the Amended and Restated Effective Date shall point
to the Funds Withheld Account Balance on the Amended and Restated Effective Date) minus (ii) the corresponding Decrease to the Funds Withheld Account, plus (iii) the Funds Withheld Account Payment. 

  
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	 	1.17.	 Funds Withheld Account Interest: Means for any given Accounting Period prior to the establishment
of a LBT Account, the Funds Withheld Account Balance from the immediately preceding Accounting Period multiplied by 0.875%. Means for any given Accounting Period after the establishment of a LBT Account, the sum of (a) the Funds Withheld
Account Balance from the immediately preceding Accounting Period minus the LET Account from the immediately preceding Accounting Period multiplied by 0.875% and (b) the actual return on the LBT Account.

  

	 	1.18.	 Funds Withheld Account Payment: Means for any given Accounting Period, the minimum of (a) the
Target Reserve Deficiency minus the Recapture Payment, if any, and (b) the Net Coinsurance Reserve Pre-Recapture. Provided, however that at no time shall the Funds Withheld Account Payment be less
than zero. 

  

	 	1.19.	 Gross Statutory Reserves: Means the statutory reserves as calculated by the Ceding Company using the
NAIC approved practices and procedures in force in the State of Illinois as of the Amended and Restated Effective Date before deduction for the reinsurance hereunder, and without regard to any permitted practice whatsoever. 

 

	 	1.20.	 Laws: Means as defined in Article XIV, Paragraph 3. 

 

	 	1.21.	 LBT Account: Means an escrow or other segmented custody account into which the Ceding Company may
deposit assets in support of the Funds Withheld Account Balance should the Funds Withheld Account Balance exceed the Net Statutory Reserve for all Covered CO/YRT Policies excluding the LBT Product policies. Provided, however that at
no time the LBT Account is greater than the excess of the Funds Withheld Account Balance over the Net Statutory Reserve for all Reinsured Policies excluding the LBT Product. The Reinsurer will participate in the actual risk and return on these
assets. The Ceding Company will develop written investment guidelines for which the Ceding Company will attain the approval of the Reinsurer, such approval not to be unreasonably withheld. 

 

	 	1.22.	 LCF: Means an amount as defined in Article VlI, Paragraph 1. 

 

	 	1.23.	 LCF Interest: Means for a given Accounting Period the product of (a) the LCF amount as of the end
of the prior Accounting Period and (b) 1.25%. 

  

	 	1.24.	 MRT1 Benefits: Means for a given Accounting Period the product of (a) the Prior YRT1 QS and
(b) the aggregate of the MRT Risk Amounts for all Covered Co/YRT Policies that terminate by death during Such Accounting Period. 

  

	 	1.25.	 MRT1 Premium Factor: Means For a given Accounting Period, the associated amount described in Exhibit E
attached hereto. Provided, however that such factors shall change automatically to 8.333% after a Reinsured Policy has entered its post-level period. 

  

	 	1.26.	 MRT1 Premiums: Means for a given Accounting Period, the aggregate sum of monthly premiums for all
Covered Co/YRT Policies accrued on a monthly basis and calculated as the result of (a) the aggregate of the products for all Covered Co/YRT Policies of (i) the Prior YRT1 QS (ii) the MRT Risk Amount (in lieu of the Face amount) of
such Covered Co/YRT Policy, (iii) the then effective MRT1 Premium Factor, and (iv) the YRT Guaranteed Premium Rate corresponding to the age, gender, and smoking class of such Covered Co/YRT Policy; divided by (b) one
thousand; minus (c) the return of unearned portion of previously paid MRT1 Premiums for the Covered Co/YRT Policies which terminated for reasons other than death during such Accounting Period. 

 

	 	1.27.	 MRT1 Reserves: Means for a given Accounting Period the product of (a) the Prior YRT1 QS and
(b) the aggregate unearned premium reserves calculated with respect to all of the Covered CO/YRT Policies by the Ceding Company and reported to the Reinsurer. Such unearned premium reserve will be calculated using the MRT Risk Amount (in lieu
of the face amount) and the same mortality and interest assumptions applicable as of the issue date of each Covered Co/YRT Policy and using the valuation method applicable for the Covered CO/YRT Policy (i.e. 1/24 cx). 

  

	 	1.28.	 MRT2 Benefits: Means for a given Accounting Period the product of (a) the YRT2 QS and (b) the
aggregate of the MRT Risk Amounts for all Covered YRT-Only Policies that terminate by death during such Accounting Period. 

  
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	 	1.29.	 MRT2 Premium Factor: Means for a given Accounting Period, a factor equal to 33.333%.

  

	 	1.30.	 MRT2 Premiums: Means for a given Accounting Period, the aggregate sum of monthly premiums for all
Covered YRT-only Policies accrued on a monthly basis and calculated as the result of (a) the aggregate of the products for all Covered YRT-only Policies of
(i) the YRT2 QS, (ii) the MRT Risk Amount (in lieu of the face amount) of such Covered YRT-only Policy, (iii) the then effective MRT2 Premium Factor, and (iv) the YRT Guaranteed Premium
Rate corresponding to the age, gender, and smoking class of such Covered YRT-only Policy; divided by (b) one thousand; minus (c) the return of unearned portion of previously paid
MRT2 Premiums for the Covered YRT-only Policies which terminated for reasons other than death during such Accounting Period. 

 

	 	1.31.	 MRT2 Reserves: Means for a given Accounting Period the product of (a) the YRT2 QS and (b) the
aggregate unearned premium reserves calculated with respect to all of the Covered YRT-only Policies by the Ceding Company and reported to the Reinsurer. Such unearned premium reserve will be calculated using
the MRT Risk Amount (in lieu of the face amount) and the same mortality and interest assumptions applicable as of the issue date of each Covered YRT-only Policy and using the valuation method applicable for
the Covered YRT-only Policy (i.e. 1/24 cx). 

  

	 	1.32.	 MRT Benefits: Means collectively the MRT1 Benefits and the MRT2 Benefits. 

 

	 	1.33.	 MRT Premiums: Means collectively the MRT1 Premiums and the MRT2 Premiums. 

 

	 	1.34.	 MRT Reserves: Means collectively the MRT1 Reserves and the MRT2 Reserves. 

 

	 	1.35.	 MRT Risk Amount: Means for each Reinsured Policy an amount, based on values as of the Reinsured
Policy’s monthiversary for each month in the Accounting Period, equal to the maximum of (a) the result of (i) the in force amount of a given Reinsured Policy, minus (ii) the cash surrender value of the same Reinsured Policy minus
(iii) the portion of the face amount of such Reinsured Policy which is covered by Third Party Reinsurance and (b) zero. Provided, however, that the MRT Risk Amount on Combined LBT Waiver of Premium Riders is zero (0) at all times.

  

	 	1.36.	 NAIC: Means the National Association of Insurance Commissioners. 

 

	 	1.37.	 Net Coinsurance Reserves Post-Recapture: Means for any given Accounting Period, (i) the Net
Coinsurance Reserves Pre-Recapture minus (ii) the Recapture Payment for such Accounting Period, if any, minus (iii) the Funds Withheld Account Payment for Such Accounting Period, if
any. Provided, however, that at no point shall the Net Coinsurance Reserve Post-Recapture be less than zero (0). 

  

	 	1.38.	 Net Coinsurance Reserves Pre-Recapture: Means for any given
Accounting Period (a) the product of (i) Net Statutory Reserves and (ii) the Prior Coinsurance QS, minus (b) the Funds Withheld Account Balance as of the prior Accounting Period, plus (c) the Decrease to the
Funds Withheld Account Provided, however, that at no point shall the Net Coinsurance Reserve Pre-Recapture be less than zero (0). 

 

	 	1.39.	 Net Statutory Reserves: Means for a given Accounting Period the result of (a) the Gross Statutory
Reserves with respect to the Covered Co/YRT Policies, minus (b) the reserve credit taken by the Ceding Company in respect of the Covered Co/YRT Policies under Third Party Reinsurance contracts. 

 

	 	1.40.	 Newly Added Covered Co/YRT Policies: Means Covered Co/YRT Policies issued on or between October 1, 2012
and December 31,2015. 

  

	 	1.41.	 Newly Added Reinsured Policies: Means Reinsured Policies issued on or between October 1 2012 and
December 31, 2015. 

  

	 	1.42.	 Newly Added YRT-only Policies: Means Covered YRT-only Policies issued on or between October 1, 2012 and December 31, 2015. 

  

	 	1.43.	 Non-Privileged Documentation: Means documentation, whether hard
copy or electronic, which is not subject to any legal privilege preventing its discovery and/or disclosure in a legal proceeding. 

  
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	 	1.44.	 Non-Privileged Records: Means documents and records, whether hard copy or electronic, which are not
subject to any legal privilege preventing its discovery and/or disclosure in a legal proceeding. 

  

	 	1.45.	 OFAC: Means as defined in Article XIV, Paragraph 3. 

 

	 	1.46.	 Personal Information: Means as defined in Article XIII, Paragraph 1. 

 

	 	1.47.	 Prior Coinsurance QS: Means for any given Accounting Period, the Revised Coinsurance QS for the
immediately preceding Accounting Period, Provided, however, that the end of the first Accounting Period after the Amended and Restated Effective Date shall point to the Prior Coinsurance QS on the Amended and Restated Effective Date. The Prior
Coinsurance QS on the Amended and Restated Effective Date Shall equal 60%. 

  

	 	1.48.	 Prior YRT1 QS: Means for any given Accounting Period, the result of one minus the Prior
Coinsurance QS. 

  

	 	1.49.	 Product: Means the product name associated with the Reinsured Policies’ policy forms, as defined in
Exhibits A-1 and A-2 attached hereto. 

  

	 	1.50.	 Quota Share Adjustments: Means as defined in Article V. 

 

	 	1.51.	 Recapture Payment: Means an amount equal to the Target Reserve Deficiency in Accounting Periods for
Which the Ceding Company elects a Quote Share Adjustment and zero otherwise. 

  

	 	1.52.	 Recapture Settlement: Means as defined in Article X, Paragraph 3 

 

	 	1.53.	 Reinsurance Benefits: Means collectively the MRT Benefits and the Coinsured Benefits.

  

	 	1.54.	 Reinsurance Charge: Means as defined in Article VI. 

 

	 	1.55.	 Reinsurance Premiums: Means collectively the Coinsurance Net Premiums and the MRT Premiums.

  

	 	1.56.	 Reinsured Policy: Each individual Covered Co/YRT Policy and Covered
YRT-only Policy. 

  

	 	1.57.	 Reinsured Policies: Means collectively the Covered Co/YRT Policies and the Covered YRT-only Policies. 

  

	 	1.58.	 Reinsurer: Means as defined in the introductory paragraph of this Agreement. 

 

	 	1.59.	 Revised Coinsurance QS: Means for a given Accounting Period the result of (a) (l) the Net
Coinsurance Reserves Post-Recapture plus (iii) the Funds Withheld Account Balance, divided by (b) the Net Statutory Reserves. 

  

	 	1.60.	 Revised YRT1 QS: Means 1 minus the Revised Coinsurance QS. 

 

	 	1.61.	 Scheduled Decrease to the Funds Withheld Account: Means for a given Accounting Period, the associated
amount described in Exhibit B attached hereto. 

  

	 	1.62.	 Settlement Statement: Means the quarterly accounting report submitted by the Ceding Company to the
Reinsurer for each Accounting Period in the form attached hereto as Schedule A. 

  

	 	1.63.	 Target Net Coinsurance Reserves: Means for the Accounting Periods in calendar years 2016 through 2020,
an amount equal to the Net Coinsurance Reserve Pre-Recapture For the Accounting Periods in calendar years 2021 through 2026 an amount equal to the result of (a) the Target Net Coinsurance Reserves From
the prior Accounting Period, multiplied by (b) the Amortization Factor. For an Accounting Periods in calendar years 2027 and beyond the Target Net Coinsurance Reserves shall equal zero. 

 

	 	1.64.	 Target Reserve Deficiency: Means for Accounting Periods in calendar years 2016 through 2020, an amount
equal to zero. For Accounting Periods in calendar years 2021 and beyond, an amount equal to the lesser of (a) the result of (i) the Net Coinsurance Reserves Pre-Recapture, minus (ii) the
Target Net Coinsurance Reserves, minus (iii) the cumulative sum of all previous calculated Target Reserve Deficiencies, plus (iv) the cumulative sum of all previous paid Recapture Payments, 

  
 7 

	 	plus (v) the cumulative sum of all previous paid Funds Withheld Account Payments, and (b) the result of (i) the Reinsurance Premiums, plus (ii) the Funds Withheld Account Interest,
minus (iii) the Reinsurance Benefits, minus (iv) the Expense Allowances, minus (v) the Reinsurance Charge, plus (vi) the LCF at the end of the prior Accounting Period, plus (vii) the LCF Interest.
Provided, however, that in no instance shall the Target Reserve Deficiency be less than zero. 

  

	 	1.65.	 Terminal Accounting and Settlement: Means as defined in Article X, Paragraph 3. 

 

	 	1.66.	 Terminal Accounting Date: Means as defined in Article X, Paragraph 2. 

 

	 	1.67.	 Third Party Reinsurance: Means as defined in Article I, Paragraph 25. 

 

	 	1.68.	 YRT2 QS: Means for any given Accounting Period, an amount equal to 85%. 

 

	 	1.69.	 YRT Guaranteed Premium Rates: Means for all Covered YRT-only
Policies, for Covered Co/YRT Policies during their level term period, and for all Covered Co/YRT Policies that are whole life Products, the rates associated with the tables provided in Exhibit C-1 attached
hereto. For all Covered Co/YRT Policies that have entered their post-level period, the rates associated with the tables provided in Exhibit C-2 attached hereto. 

 

	2.	 General; Coverages and Exclusions. 

 

	 	A.	 This Agreement. The Ceding Company and the Reinsurer mutually agree to reinsure on the terms and
conditions stated herein. This Agreement is an Indemnity reinsurance agreement solely between the Ceding Company and the Reinsurer, and performance of the obligations of each party under this Agreement will be rendered solely to the other party. In
no instance will anyone other than the Ceding Company or the Reinsurer have any rights under this Agreement, and the Ceding Company shall be and remain solely liable to any insured, Reinsured Policy owner, or beneficiary under any Reinsured Policy.

  

	 	B.	 Policies and Risks Reinsured. The Reinsurer agrees to indemnify the Ceding Company for and the Ceding
Company agrees to reinsure with the Reinsurer, according to the terms and conditions hereof, the portion of the risks under the Reinsured Policies. Any amounts due the Ceding Company under this Agreement shall be payable directly to the Ceding
Company or per the provisions of Article XII, Paragraph 1. 

  

	 	C.	 Exclusions. Except as referred to in Paragraph B above, riders providing additional life insurance
benefits, accidental death benefits, waiver of premium benefits, long term care benefits, or other “miscellaneous” benefits are not reinsured under this Agreement. The Reinsurer will not participate in policy loans on Reinsured Policies.

 3. Plan of Reinsurance. This indemnity reinsurance is a combination of coinsurance and yearly renewable term reinsurance. 

4. Expenses. The Reinsurer will bear no part of the expenses incurred in connection with the Reinsured Policies, except as otherwise provided herein.

 5. Dividends to Policyholders. The Reinsurer will have no liability to the Ceding Company for reimbursement of, and will not reimburse the Ceding
Company for, any dividends paid by Ceding Company to its policyholders. 
 6. No Extra-Contractual Obligations. The Reinsurer does not indemnify the
Ceding Company for, and will not be liable for, any Extra-Contractual Obligations or extra-contractual liability resulting from fraud, oppression, bad faith, strict liability, or intentional wrongs on the part of the Ceding Company, its agents,
business partners, or representatives, or their respective directors, officers, employees and agents. Extra- Contractual Obligations that would be excluded from this Agreement for the conduct described above include, but are not limited to, the
following types of damages; any and all damages with respect to emotional distress, Punitive Damages, Compensatory Damages, and Statutory Penalties. 

  
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 7. Policy Administration. The Ceding Company and the Reinsurer understand that the Ceding Company
will administer the Reinsured Policies and will perform all accounting for such Reinsured Policies. 
 8. Inspection. The Ceding Company shall allow
the Reinsurer to inspect, examine, audit, copy, review, and verify, through duly authorized representatives, at all reasonable times at the office of the Ceding Company, all Non-Privileged Records of the
Ceding Company with respect to the business reinsured under this Agreement, or with respect to Claims, losses, or legal proceedings which involve or have a bearing upon the Reinsurer pursuant to this Agreement. The ceding Company agrees to provide
copies of Non-Privileged Documentation relating to any Reinsured Policy or Policies reinsured hereunder at the reasonable written request of the Reinsurer. 

Such inspection shall not occur more than once each year and shall not unreasonably interfere with the operations of the Ceding Company. Inspections shall be
performed during normal business hours of the Ceding Company where the records to be inspected are routinely housed. The Ceding Company shall reasonably cooperate with and facilitate any such inspection, and upon request of the Reinsurer, shall make
available to the Reinsurer such officers and employees of the Ceding Company as the Reinsurer may reasonably request to provide information concerning the reinsured business. The Reinsurer shall provide reasonable advance written notice to the
Ceding Company of its desire to conduct an inspection, the information it desires to review, and the individuals that will be conducting the inspection. The Ceding Company shall provide a reasonable workspace during the inspection. The Parties shall
cooperate in establishing a mutually convenient time to accommodate such inspection. The Reinsurer agrees to cooperate with any reasonable audit protocols (e.g., a separate confidentiality agreement, including
on-site inspection protocols, to accommodate an audit) of the Ceding Company. 
 Article I, Paragraph 8 shall
survive the termination of this Agreement. 
 9. Taxes and Assessments. The allowance for any premium taxes, state guarantee fund assessments or
special assessments paid in connection with the Reinsured Policies is included in the Expense Allowance, as described in Article III. 
 10. Election to
Determine Specified Policy Acquisition Expenses. The parties to this Agreement agree to the following provisions pursuant to Section 1.848-2(g)(8) of the Income Tax Regulations issued under
Section 848 of the Internal Revenue Code of 1986, as amended (the “Code”): 
 A. The terms “Net Positive
Consideration,” “Specified Policy Acquisition Expenses” and “General Deductions Limitation’’ used in this Article are defined by reference to Regulation Section 1. 848-2 and Code
Section 848. 
 B. The party with the Net Positive Consideration for this Agreement for each taxable year will capitalize Specified
Policy Acquisition Expenses with respect to this Agreement without regard to the General Deductions Limitation of Code Section 848(c)(1). 

C. Both parties agree to exchange information pertaining to the amount of net consideration under this Agreement each year, or as otherwise
required by the Internal Revenue Service, to ensure consistency. The method and timing of the exchange of such information shall be as follows: 

1. The Reinsurer will provide the Ceding Company with the amount of such net consideration for each taxable year no later than May 1
following the end of such year. The Ceding Company will advise the Reinsurer if it disagrees with the amounts provided and the parties agree to amicably resolve any difference. 

2. The amounts prepared by the Reinsurer will be presumed correct if it does not receive a response from the Ceding Company by May 1 or
thirty (30) days after delivery, whichever is later. 
 D. Both the Ceding Company and the Reinsurer represent and warrant that they are
subject to United States taxation under either Subchapter L of Chapter 1 of the Code or Subpart F of Part III of Subchapter N of Chapter 1 of the Code. 

  
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 11. Accounting, Regulatory, or Rating Agency Changes. If there is any change to existing accounting
rules, regulatory requirements, or rating agency treatment of this Agreement, or a new accounting rule or regulatory requirement which materially and adversely impacts the intended economics of this Agreement, both the Ceding Company and Reinsurer
shall consent to amend this Agreement in order to return both parties to their position immediately prior to such change. A new accounting rule or regulatory requirement or a rating agency treatment change shall include, but is not limited to, any
new interpretation or clarification by a governing body having jurisdiction over at least one of the parties, which causes an existing accounting rule or regulatory requirement to apply to this Agreement, or a change in the treatment of this
Agreement by a nationally recognized statistical rating agency that has a material impact on the required amount of rating agency capital that is used to establish the rating of either Ceding company or Reinsurer. Neither party shall unreasonably
withhold consent to any such amendment. If the parties are unable to reach an agreement as to the required amendment then Experience Refunds, described in Article VII, will cease for all future quarterly Accounting Periods, and the Ceding Company
shall have the right to terminate and recapture this Agreement subject to Article IX and Article X. 
 12. Conditions. The reinsurance hereunder is
subject in all respects to the same express contractual risks, terms, conditions, interpretations, waivers, modifications, limitations, alterations, and cancellations as the policies issued by the Ceding Company which are reinsured hereunder, and
except as otherwise provided in this Agreement. 
 13. Errors and Omissions. If through unintentional error, oversight, omission, or misunderstanding
(collectively referred to as “Error(s)”), the Reinsurer or the Ceding Company fails to comply with the terms of this Agreement and if, upon discovery of the Error by either party, the other is promptly notified, each thereupon will
be restored to the position it would have occupied if the Error had not occurred, including interest. If it is not possible to restore each party to the position it would have occupied but for the Error, the parties will endeavor in good faith to
promptly resolve the situation in a manner that is fair and reasonable, and most closely approximates the intent of the parties as evidenced by this Agreement. 

However, the Reinsurer will not provide reinsurance for policies that do not satisfy the parameters of this Agreement, nor will the Reinsurer be responsible
or negligent or deliberate acts or for repetitive Errors in administration by the Ceding Company. If either party discovers that the Ceding Company has failed to cede reinsurance as provided in this Agreement, or failed to comply with its reporting
requirements, the Reinsurer may require the Ceding Company to audit its records for similar Errors and to take the actions necessary to avoid similar Errors in the future. 

For the avoidance of doubt, the parties agree that this Paragraph 13 relates only to clerical Errors. 

14. Adjustments. If the Ceding Company’s liability under any Reinsured Policy is changed because of a misstatement of age, sex or any other
material fact, the Reinsurer will: 
  

	 	A.	 Assume that portion of any increase in the ceding Company’s liability, resulting from the change, which
corresponds to the portion of the Reinsured Policy; and 

  

	 	B.	 Receive credit for that Portion of any decrease in the Ceding Company’s liability, resulting from the
change, which corresponds to the portion of the Reinsured Policy. 

 15. Reinstatements. If a Reinsured Policy lapses, and is
subsequently reinstated while this Agreement is in force, the reinsurance for such Reinsured Policy will be reinstated automatically. The Ceding Company will pay the Reinsurer the Reinsurer’s proportionate share of all amounts received by the
Ceding Company in connection with the reinstatement of the Covered Co/YRT Policies. The Ceding Company will pay the Reinsurer the appropriate Reinsurance Premium with respect to reinstatements of Covered
YRT-only Policies. 

  
 10 

 16. Successors and Assigns. All the terms of this Agreement shall be binding upon and inure to the
benefit of and be enforceable by the parties hereto and their respective successors and assigns, whether so expressed or not. 
 17. Amendments. This
Agreement may be amended only by written agreement of the parties. Any change or modification to this Agreement shall be null and void unless made by amendment to this Agreement and signed by both parties. 

18. Entire Agreement. The terms expressed herein constitute the entire agreement between the parties with respect to the Reinsured Policies. There are
no understandings between the parties with respect to the Reinsured Policies other than as expressed in this Agreement. 
 19. Governing Law. This
Agreement shall be governed by, construed and enforced in accordance with the laws of Illinois. 
 20. Non-Waiver
of Rights. No waiver by any party of any default by any other party in the performance of any promise, term or condition of this Agreement shall be construed to be a waiver by such party of any other or subsequent default in performance of the
same or any other promise, term or condition of this Agreement. No prior transactions or dealings between any of the parties shell be deemed to establish any custom or usage waiving or modifying any provisions hereof. The failure of any party to
enforce any part of this Agreement shall not constitute a waiver by such party of its right to do so, nor shall it be deemed to be an act of ratification or consent. 

21. Counterparts. This Agreement may be executed simultaneously in any number of counterparts, each of which shall be deemed an original, but all of
which shall constitute one and the same instrument. The Ceding Company and the Reinsurer agree that transmission of copies of original signatures via electronic means, either by facsimile or as a ‘scanned’ document attached to electronic
mail, shall constitute valid execution of this Agreement. 
 22. Severability. In the event that any provision or term of this Agreement shall be
held by any court to be invalid, illegal, or unenforceable, all of the other terms and provisions shall remain in full force and effect to the extent that their continuance is practicable and consistent with original intent of the parties, and the
parties will attempt in good faith to renegotiate this Agreement to carry out its original intent. All of the provisions of this Agreement shall, to the extent necessary to carry out the purposes of this Agreement or to ascertain and enforce the
parties’ rights thereunder, survive its termination. 
 23. Survival. All obligations and representations made in this Agreement shall survive
the termination of this Agreement and shall continue in full force and effect until all obligations of the parties hereunder have been discharged in full. 

24. Headings. Headings in this Agreement are included in this Agreement for conveniences of reference only and shall not affect the construction of
interpretation hereof. 
 25. Third Party Reinsurance. This Agreement applies only to that portion of any insurance covered by this Agreement
which the Ceding Company retains net for its own account after giving effect to third party reinsurance arrangements in force with respect to such insurance covered by this Agreement, which the Ceding Company acknowledges and agrees inures to the
benefit of this Agreement, and in calculating the amount of any Claims hereunder and also in computing the amount, or amounts, in excess of which this Agreement attaches, only Claim or Claims with respect to that portion of any insurance which the
Ceding Company retains net for its own account shall be included (“Third Party Reinsurance”). It is understood and agreed that the amount of the Reinsurer’s liability hereunder with respect to any Claim or Claims shall not be
increased by reason of the inability of the Ceding Company to collect from any other reinsurer, whether specific or general, any amounts which may have become due from them, whether such inability arises from the insolvency of such other reinsurer
or otherwise. The Ceding Company covenants to the Reinsurer, and agrees, not to amend, modify, recapture, or change in any way any Third Party Reinsurance agreements without the prior written consent of the Reinsurer, which consent shall not be
unreasonably withheld. 

  
 11 

 26. Currency. All amounts expressed herein and amounts due hereunder are in United States of America
dollars. 
 27. GAAP Accounting Treatment. The Ceding Company and the Reinsurer agree that this Agreement shall be accounted for under GAAP using
deposit accounting in accordance with FASB ASC 340-30 Other Assets and Deferred Costs. Insurance Contracts that Do Not Transfer Insurance Risk, as it may be amended from time to time and shall be accounted for
as reinsurance under statutory accounting principles. 
 28. No Third Party Beneficiaries. This Agreement is solely between the Reinsurer and the
Ceding Company. There is no third party beneficiary to the Agreement. Reinsurance under the Agreement shall not create any right or legal relationship between the Reinsurer and any other person, for example, any insured, policyholder, agent,
reinsurer, owner or beneficiary of a Reinsured Policy, or other contractholder of the Ceding Company. The Ceding Company agrees that it shall not make the Reinsurer a party to any litigation between any such third party and the Ceding Company.
The Agreement will be binding upon the Ceding Company and the Reinsurer and their respective successors and assigns. 
 29. Notices. All notices,
letters, payments or other communications to the respective parties shall be in writing and faxed, couriered or mailed, addressed as follows: 
  

			
		
	If to the Ceding Company:	  	If to the Reinsurer:
		
	 Fidelity Life Association
 8700 West Bryn Mawr,
900S
 Chicago, IL 60631
 Attn: General Counsel

Cc: chris.kim@fidelitylife.com.

Jim.harkensee@fidelitylife.com
	  	 Hannover Life Reassurance Company of America

200 S. Orange Avenue, Suite 1900
 Orlando, FL 32801

Attn: Legal Counsel
 CC. fsreporting@hiramerica.com

fsops@hiramerica.com

 30. Reserve Credit. The Ceding Company and the Reinsurer agree that the Ceding Company shall take full credit on its
statutory financial statements for reinsurance during the duration of this Agreement in an amount equal to the sum of the Net Coinsurance Reserves Post-Recapture, the Funds Withheld Account Balance, and the MRT Reserves. If the Reinsurer becomes
unauthorized or otherwise unaccredited as an insurer or reinsurer in any jurisdiction to which the Ceding Company must provide statutory statements of financial condition such that the Ceding Company will not obtain full statutory financial
statement credit for reinsurance in such jurisdiction for the reinsurance provided under this Agreement, the Reinsurer, upon request of the Ceding Company, will establish and maintain, at the Reinsurer’s sole cost, trust accounts, letters of
credit or other acceptable alternatives for the benefit of the Ceding Company in an amount necessary to permit the Ceding Company to obtain such full statutory financial statement credit for such reinsurance in all applicable Jurisdictions. The
Ceding Company shall cooperate with the Reinsurer to take such steps. In such event, the Reinsurer will take all action that may be necessary pursuant to applicable law to permit the Ceding Company to receive full statutory financial statement
credit for reinsurance ceded under this Agreement in its statutory statements of financial condition required to be filed with regulatory authority(ies) in all jurisdictions in which the Ceding Company must provide statutory statements of financial
condition. 
 31. References. All references to “days” shall be deemed to mean to calendar days. All references to “business
days” shall be deemed to mean days on which banks are generally open to conduct business in the State of New York. 

  
 12 

 ARTICLE II—PREMIUMS 

Premiums. On the Amended and Restated Effective Date, the following transactions shall occur and shall be effected on a net basis: 

 

	 	(A)	 The Ceding Company shall pay the Reinsurer an amount equal to the result of (i) the Net Statutory Reserves
associated with the Newly Added Covered Co/YRT Policies, multiplied by (ii) 60%. 

  

	 	(B)	 An amount equal to the result of (i) the Net Statutory Reserves associated with the Newly Added Covered
Co/YRT Policies, multiplied by (iii) 60%, shall be retained by the Ceding Company from the premium paid in (A) above on a funds withheld basis and shall be held by the Ceding Company on behalf of the Reinsurer. 

For each Accounting Period thereafter, Reinsurance Premiums shall be payable by the Ceding Company to the Reinsurer. 

ARTICLE III—ALLOWANCES 
 Expense Allowances.
For each Accounting Period, the Reinsurer will pay the Ceding Company an Expense Allowance equal to 10% of Coinsurance Net Premiums, which is designed to cover the Ceding Company’s actual administrative expenses, current marginal commissions,
and premium taxes. An Expense Allowance will not be paid on Coinsurance Net Premiums paid by the Ceding Company on the Amended and Restated Effective Date. 

ARTICLE IV—CLAIMS 
 1. Notice. The Ceding
Company will notify the Reinsurer of a claim on a Reinsured Policy under this Agreement (a “Claim”) not later than thirty (30) days after the end of each Accounting Period, as required in the Financial reports detailed in
Schedule B. 
 2. Proofs. Upon request by the Reinsurer, the Ceding Company will promptly provide the Reinsurer with proper Claim proofs, including a
copy of the proof of payment by the Ceding Company, and a copy of the insured’s death certificate. 
 3. Amount and Payment of Reinsurance
Benefits. The Reinsurer will pay the Reinsurance Benefits due the Ceding Company in accordance with the terms in Article VIII. 
 The maximum
Reinsurance Benefit payable to the Ceding Company under this Agreement for a Reinsured Policy is the risk amount reinsured with the Reinsurer based on the contractual terms of the Reinsured Policies plus the Reinsurer’s proportional share of
statutory interest that the Ceding Company pays on the death proceeds until the date of settlement, if any, except that if settlement is delayed as a result of a dispute or contest arising out of conflicting claims of entitlement to policy proceeds
or benefits, then the Reinsurer will pay its share of interest to the date settlement would have been made if there were no dispute or contest. 
 The total
reinsurance recoverable from all Third Party Reinsurance will not exceed the Ceding Company’s total contractual liability on the Reinsured Policy, less the amount retained. 

Life benefit payments will be made in a single sum, regardless of the Ceding Company’s settlement options; provided, however, that such single sum will
exclude interest that accrues on settlement options other than single pay. 
 4. Contested claims. The Ceding Company shall not consult the Reinsurer
on Claim decisions, and the Reinsurer shall not participate in the process of any contest, compromise, negotiated settlement, or litigation or a Claim. The Reinsurer will pay the Reinsurance Benefit on a Reinsured Policy under this Agreement whether
or not the underlying Claim is contested, compromised, negotiated, or litigated by the Ceding Company, and Claim proofs provided by the Ceding Company in good faith consistent with past practices consistently applied than be accepted and binding on
the Reinsurer. 

  
 13 

 5. Misrepresentation or Suicide. If the Ceding Company returns premium to the Reinsured Policy owner
or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund reinsurance premium less allowances received on that Reinsured Policy to the Ceding Company in lieu of any other form of Reinsurance Benefit payable
under this Agreement. If the Ceding Company is required by law or regulation to pay interest on the payment to the Reinsured Policy owner or beneficiary, then the Reinsurer will include this amount of interest in the refund of reinsurance premiums
to the Ceding Company. If interest is not required by law or regulation, the refund by the Reinsurer will be Without interest. 
 6. Misstatement of Age
or Sex. In the event of a change in the amount of the Ceding Company’s liability on a Reinsured Policy due to a misstatement of age or sex, the Reinsurer’s liability will change proportionately. The face amount of the Reinsured Policy
will be adjusted from the inception of the Reinsured Policy, and any difference in premiums net of allowances will be settled. If there is a refund due the policyowner or insured and the Ceding Company is required by state law or regulation to pay
interest to the policyowner or insured, then the Reinsurer will include this amount of interest to the Ceding Company in the settlement. If interest is not required by state law or regulation, then the refund by the Reinsurer will be without
interest. 
 7. Extra-Contractual Obligations and Loss Adjustment Expenses. this Agreement does not cover, and the Reinsurer will not participate in,
any “Extra Contractual Obligations” or “Loss Adjustment Expenses”, including, but not limited to, Punitive Damages, Statutory penalties. or Compensatory Damages that are awarded against the Ceding Company, or are otherwise due by
the Ceding Company, as a result of an act, omission, or course of conduct committed by the Ceding Company, its agents, business partners, or representatives in connection with the Reinsured Policies under this Agreement and that are not
contractually covered by the terms of the Reinsured Policies. 
 The Ceding Company agrees to defend and hold harmless the Reinsurer from and against any
and all Extra Contractual Obligations and/or Loss Adjustment Expenses whatsoever incurred arising out of, relating to or in connection with this Agreement and/or Reinsured Policies. This Paragraph shall survive termination of this Agreement.

 8. Insolvency Funds. The Reinsurer shall not be obligated to pay to the Ceding Company any share of any liability of the Ceding Company arising,
by contract, operation of law, or otherwise, from its participation or membership, whether voluntary or involuntary, in any insolvency fund or from reimbursement of any person for any such liability “Insolvency Fund” includes any guaranty
or insolvency fund, plan pool, association, or other arrangement howsoever denominated, established or governed, which provides for any assessment of or payment or assumption by any person of part or all of any Claim, debt, charge, fee or other
obligation of any insurer, or its successors or assigns, which has been declared to be insolvent or Which is otherwise deemed unable to meet any Claim, debt, charge, fee or other obligation in whole or in part. 

9. Dividends: The Reinsurer shall not participate in the determination of, nor reimburse the Ceding Company for, any policyholder or other dividends
paid by the Ceding Company. 
 For purposes of Article I, Paragraph 6 and Article IV, the following definitions will apply. 

‘Extra-Contractual Obligations’ shall mean any liabilities or obligations of the Ceding Company other than those liabilities or obligations
arising under the express terms and conditions of the Reinsured Policies under this Agreement. Payments not covered by this Agreement include, but are not limited to: (a) delayed Claims interest. (b) Statutory Penalties or regulatory fines
or other penalties; (c) ex gratia payments; (d) Compensatory Damages; (e) Punitive Damages or exemplary damages; (f) consequential damages; (g) declaratory judgments; (h) legal fees or expenses; (i) costs relating to the
investigation, settlement or handling of Claims; (j) payments resulting from the failure to pay, the delay in payment, or errors in calculating or administering the payment of benefits or Claims or any other amounts due or alleged to be

  
 14 

 
due under or in connection with the Reinsured Policies under this Agreement; (k) costs relating to the administration of the Reinsured Policies under this Agreement except as provided in
Article III; (l) costs relating to the design, marketing, sale, underwriting, production, issuance, rating and cancellation of the Reinsured Policies under this Agreement; (m) any other costs or expenses of settling or adjudicating contested
Claims, if such costs or expenses are not incurred in the ordinary course of Claims settlement or payment. 
 “Loss Adjustment Expanses”
shall include all payments of fees and expenses associated with investigation, litigation (including without limitation reasonable attorneys’ fees) and settlement of Claims, as distinguished from the amount of a claimant’s recovery under
such claimant’s contract. 
 “Punitive Damages” are those damages awarded as a penalty, the amount of which is neither governed nor
fixed by statute. 
 “Compensatory Damages” are those amounts awarded to compensate for the actual damages sustained, and are not awarded
as a penalty, nor fixed in amount by statute. 
 “Statutory Penalties” are those amounts awarded as a penalty, but are fixed in amount by
Statute. 
 ARTICLE V—QUOTA SHARE ADJUSTMENTS 

Quota Share Adjustments. For Accounting Periods in calendar years 2021 and beyond, the Ceding Company may elect in writing to adjust the quota share of
the coinsured policies so that the Net Coinsurance Reserves Pre-Recapture is reduced by an amount equal to the Recapture Payment for such Accounting Period. Such election is to be submitted to the Reinsurer at
the same time as the Settlement Statement. If the Ceding Company makes such election, a Recapture Payment shall be due from the Reinsurer to the Ceding Company. The coinsurance quota share shall be adjusted to equal (a) (i) the Net Coinsurance
Reserves Post-Recapture, plus (ii) the Funds withheld Account Balance, divided by (b) the Net Statutory Reserves (the ‘Revised Coinsurance QS’), the YRT quota share shall be adjusted to equal one minus the
Revised Coinsurance QS (the “Revised YRT1 QS”), and collectively such adjustment, the “Quota Share Adjustments” If the Ceding Company does not make this election or if such Recapture Payment is less than the
Target Reserve Deficiency, then a Funds Withheld Account Payment shall be due from the Reinsurer to the Ceding Company. 
 If Quota Share Adjustments do not
occur in each Accounting Period in calendar years 2021 and beyond, the Ceding Company Waives its right to such Quota Share Adjustments for the remainder of the Agreement. 

ARTICLE VI—EXPENSE AND RISK CHARGES 
 The
“Reinsurance Charge” for each Accounting Period will equal the result of the following: 
  

	 	1.	 (i) 62.5 basis points. multiplied by (ii) the result of (a) the Prior Coinsurance QS, multiplied
by (b) the Net Statutory Reserves; plus 

  

	 	2.	 The product of (i) 37.5 basis points, (ii) 15 basis points, and (iii) the sum of MRT Risk Amounts for all
Covered Co/YRT Policies; plus 

  

	 	3.	 The product of (i) 37.5 basis points, (ii) 15 basis points (iii) the YRT2 QS, and (iv) the aggregate
MRT Risk Amounts for all Covered YRT-only Policies; plus 

  

	 	4.	 The product of (i) 25 basis points and (ii) the MRT Reserves as of the end of such Accounting Period.

 ARTICLE VII—LOSS CARRYFORWARD AND REFUNDS 

1. Loss Carryforward. Losses to the Reinsurer will be accumulated with LCF interest in a notional account (the “LCF”) and calculated as set
forth on Schedule A. 

  
 15 

 2. Experience Refunds. At the end of each Accounting Period, the Reinsurer shall pay to the Ceding
Company an ‘‘Experience Refund” as calculated on Schedule A. No Experience Refund will be paid on and after the Experience Refund Termination Date. At no point shall the Experience Refund be less than zero (0). 

ARTICLE VIII—ACCOUNTING AND SETTLEMENTS 
 1.
Accounting Period. Each Accounting Period will be a calendar quarter, except that the Accounting Period for the Terminal Accounting and Settlement runs from the end of the preceding Accounting Period until the Terminal Accounting Date of this
Agreement, as defined in Article X, Paragraph 2. 
 2. Quarterly Accounting Reports. The Ceding Company will submit Settlement Statements to the
Reinsurer for each Accounting Period not later than thirty (30) days after the end of each Accounting Period. In addition, the Ceding Company will provide a seriatim listing of all covered policies in force as of the end of the Accounting
Period and other required financial reports as detailed in Schedule B, not later than thirty (30) days after the end of each Accounting Period. 
 3.
Quarterly Sattlements. 
  

	 	A.	 Within forty-five (45) days after the end of each Accounting Period, the Ceding Company will pay the
Reinsurer the sum of (i) Reinsurance Premiums, (ii) Funds Withheld Account Interest, and (ii) any Decrease to the Funds Withheld Account. 

  

	 	B.	 Simultaneously, the Reinsurer will pay the Ceding Company the sum of (i) Reinsurance Benefits,
(ii) Expense Allowances, (iii) the Experience Refund (if any), (iv) the Funds Withheld Account Payment (if any), and (v) the Recepture Payment (if any). 

4. Amounts Due Quarterly. Except as otherwise specifically provided in this Agreement, all amounts due to be paid to either the Ceding Company or the
Reinsurer under this Agreement will be determind on a net basis at the end of each Accounting Period and will be due and payable within forty-five (45) days after the end of the Accounting Period. 

5. Annual Accounting Reports. The Ceding Company will provide the Reinsurer with annual accounting reports within forty-five (45) days after the
end of the calendar year for which such reports are prepared These reports will contain sufficient information about the Reinsured Policies to enable the Reinsurer to prepare its annual financial reports and tax returns and to verify information
reported in Schedule A of this Agreement and will include the information detailed on Schedule B. 
 6. Estimations. If the amounts, as described in
Paragraphs 3 and 4 above, cannot be determined by the dates described in Paragraph 5 above, on an exact basis, such payments will be paid in accordance with a mutually agreed-upon formula which will approximate the actual payments. Adjustments will
then be made to reflect actual amounts when those become available. 
 7. Delayed Payments. For purposes of Paragraph 3 and 4 above, if there is a
delayed settlement of a payment due, there will be an interest penalty at the annual rate equal to 3-month LIBOR plus 2%, for the period that the amount is overdue. For purposes of this Paragraph, a payment
will be considered overdue if it has not been paid within fifteen (15) days aftar the date such payment is due. 
 8. Offset of Payments. Any
undisputed debits or credits of the same class, matured or unmatured, liquidated or unliquidated, in favor of or against either the Ceding Company or the Reinsurer, with respect to this Agreement or with respect to any other claim of one party
against the other, are deemed mutual debits or credits, as the case may be, and may be set off, and only the balance may be allowed or paid. 

  
 16 

 ARTICLE IX—DURATION AND RECAPTURE 

1. Reinsurer’s Liability. The liability of the Reinsurer with respect to Reinsured Policies will begin as of the Original Effective Date with the
exception that liability of the Reinsurer with respect to Newly Added Reinsured Policies begins as of the Amended and Restated Effective Date. The Reinsurer’s liability with respect to any Reinsured Policy will terminate on the earlier of
(A) the date such Reinsured Policy is recaptured, or (B) the date the Ceding Company’s liability on such Reinsured Policy is terminated. Termination of the Reinsurer’s liability is subject to payments in respect of such liability
in accordance with the provisions of Article X. In no event should the interpretation of this Paragraph imply a unilateral right of the Reinsurer to terminate this Agreement. 

2. Termination for Nonpayment of Premiums. The payment of Reinsurance Premiums is a condition precedent to the ability of the Reinsurer for reinsurance
covered by this Agreement. In the event that reinsurance premiums are not paid within 75 days after the end of an Accounting Period, the Reinsurer will have the right to terminate the reinsurance hereunder. If the Reinsurer elects to exercise
its right of termination, it will give the Ceding Company 30 days written notice of its intention, which notice shall be in accordance with Article I, Paragraph 29 hereof. 

If all Reinsurance Premiums due and unpaid, including any that become due and unpaid during the 30 day notice period, are not paid before the expiration of
the notice period, the Reinsurer will be relieved of all liability hereunder as of the last date to which premiums have been paid for the reinsurance hereunder. Terminated reinsurance may be reinstated, subject to written approval by the Reinsurer,
within 60 days of the date of termination, and upon payment of all Reinsurance Premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any Claims incurred between the date of termination and the date of
the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsure’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the 30 days’
notice. 
 The Ceding company will not force termination under the provisions of this Article solely to avoid the provisions regarding recapture in section
3 below, or to transfer the reinsured policies to another reinsurer. 
  

	3.	 Recapture. 

  

	 	A.	 Complete Recapture. 

 

	 	i.	 The Ceding Company may at any time execute a full recapture with thirty (30) days prior written notice
under the provisions of either (a) Article XII, Paragraph 2, or (b) Article I, Paragraph 11. 

  

	 	ii.	 Otherwise, the Ceding Company may only fully recapture the Reinsured Policies on or after the Experience Refund
Termination Date. If the Ceding Company fails to recapture the Reinsured Policies within four Accounting Periods after the Experience Refund Termination Date, the Ceding Company waives its recapture right and will no longer be able to recapture the
Reinsured Policies. 

  

	 	iii.	 In the event of a recapture under bullets i or ii above, the Reinsurer and the Ceding Company shall perform a
normal Accounting Period settlement and a Recapture Settlement, as provided in Artical X, Paragraph 3(B). 

  

	 	B.	 Partial Recapture. No partial recaptures will be allowed under this Agreement except with respect to the
Ceding Company’s option to adjust the reinsurance from coinsurance to YRT in accordance with Article V. 

 ARTICLE X—TERMINAL
ACCOUNTING AND SETTLEMENT 
 1. Terminal Accounting. In the event that this Agreement is terminated in accordance with Article IX, Paragraph 3(A),
a Terminal Accounting and Settlement will take place. 

  
 17 

 2. Terminal Accounting Date. The ‘‘Terminal Accounting Date” will be the earliest of.

  

	 	A.	 the effective date of recapture pursuant to any notice of recapture given under this Agreement.

  

	 	B.	 the effective date of termination pursuant to any notice of termination given under this Agreement, or

  

	 	C.	 any other date mutually agreed to in writing. 

3. Settlement. The ‘‘Terminal Accounting and Settlement” will consist of: 

 

	 	A.	 the quarterly settlement, as provided in Article VIII, Paragraph 3, computed as of the Terminal Accounting
Date; and 

  

	 	B.	 the ‘‘Recapture Settlement”: 

 

	 	i.	 The Ceding Company shall pay to the Reinsurer the Funds Withheld Account Balance and the absolute value of the
LCF. 

  

	 	ii.	 If such Terminal Accounting and Settlement occurs in calendar years 2016 through 2020, the Reinsurer shall pay
to the Ceding Company the Net Coinsurance Reserves Pre-Recapture, plus the Funds Withheld Account Balance, minus the Target Net Coinsurance Reserves. If such Terminal Accounting and Settlement
occurs in calendar years 2021 and beyond, the Reinsurer shall pay to the Ceding Company the Funds Withheld Account Balance. 

 Upon
completion of the settlement, the Reinsurer wilI be released from all its liabilities under this Agreement, including but not limited to, the payment of any claim, benefit, or loss under this Agreement, notwithstanding the date any such claim
benefit, or loss may be incurred, and the Ceding Company will concurrently be relieved of its obligation to pay premiums to the Reinsurer. 
 If the
calculation of the Terminal Accounting and Settlement produces an amount owing to the Ceding Company, such amount will be paid by the Reinsurer to the Ceding Company. If the calculation of the Terminal Accounting and Settlement produces an amount
owing to the Reinsurer such amount will be paid by the Ceding Company to the Reinsurer. 
 4. Supplementary Accounting and Settlement. In the event
that, subsequent to the Terminal Accounting and Settlement as provided above, a change is made with respect to any amounts due, a supplementary accounting will take place pursuant to Article X, Paragraph 3 above. Any amount owed to the Ceding
Company or to the Reinsurer by reason of such supplementary accounting will be paid promptly upon the completion thereof. 
 ARTICLE XI—ARBITRATION

 Any dispute or other matter in question between Ceding Company and Reinsurer arising out of, or relating to, the formation, interpretation,
performance, or breach of this Agreement, whether such dispute arises before or after termination of this Agreement, and whether in contract, tort or otherwise, shall be settled by arbitration. 

To initiate arbitration, either Ceding Company or Reinsurer shall notify the other party in writing of its desire to arbitrate. The notice shall identify the
claimant and the nature of the claims and/or issues. Notice shall be sent in accordance with Article I. Paragraph 29 hereof. The arbitration will be deemed to have been commenced on the date the notice of arbitration is received. 

  
 18 

 There will be three arbitrators who will each have no less than ten years of life insurance or life
reinsurance industry experience and who are current or former officers of life insurance or life reinsurance companies other than the parties to this Agreement, their affiliates, or subsidiaries. The arbitrators shall not be under the control of any
party, nor shall any member of the panel have a financial interest in the outcome of the dispute. 
 Within thirty (30) days following the commencement
of the arbitration proceedings, each party will provide the other with the identification of their appointed arbitrator, and provide a copy of the arbitrator’s curriculum vitae. If either party refuses or neglects to appoint an arbitrator
within thirty (30) days, the other party may appoint the second arbitrator to act as the appointed arbitrator for the defaulting party by providing notice and a copy of the arbitrator’s curriculum vitae. The two arbitrators shall together
appoint a third arbitrator (the “Umpire”). The Parties may each propose a slate of up to five umpire candidates for consideration by the other side. If the two arbitrators fail to reach agreement on the Umpire within sixty (60) days
of appointment, then they shall appoint the Umpire pursuant to the ARIAS-U.S. Umpire Appointment Procedure, unless a different umpire appointment process is mutually agreed upon. In the event any arbitrator
fails, refuses, or becomes unable to act as such before an award has been rendered, a successor shall be selected in the same manner as the original arbitrator. 

The claimant and respondent shall each submit initial briefs to the panel outlining the issues in dispute and the reasons for their respective positions
within thirty (30) days of the notice of the appointment of the Umpire. 
 The arbitrators shall consider this Agreement an honorable engagement rather
than merely a legal obligation, and the panel shall make its decision with consideration given to the custom and practice of the insurance and reinsurance industry. The arbitrators shall have the power to determine all procedural rules of the
arbitration, including, but not limited to inspection of documents, examination of witnesses, and any other matter related to the conduct of the arbitration. The panel and the Umpire shall have the authority to issue subpoenas (including subpoenas
to third party witnesses) and other orders to enforce their decisions. During the organizational meeting, the arbitration panel shall decide whether ex parte communications with party appointed arbitrators shall be permitted during the course of the
arbitration, including throughout discovery, but in all events ceasing upon the commencement of the arbitration hearing. The arbitrators shall recognize the attorney/client privilege and the attorney work product doctrine. Neither a party nor an
arbitrator may disclose the existence, content, or result of any arbitration hereunder, except to the extent such disclosure may be required for review and enforcement by a court of competent jurisdiction, to support reinsurance or as otherwise
agreed by the parties. The location of all proceedings shall be determined by the arbitration panel unless the parties agree otherwise. 
 The panel may
issue orders for interim relief upon showing of good cause, including pre-award security. Absent good cause for an extension as determined by the panel, the panel shall render the final award within thirty
(30) days after the date of the closing of the hearing. The panel is authorized to award any remedy or sanctions allowed by applicable law, including, but not limited to monetary damages, equitable relief, pre or post award interest, costs of
arbitration, attorney’s fees, and other final or interim relief. The decision of the arbitrators will be made by majority rule, and shall be final and binding on both parties. Either party to the arbitration may petition any court having
jurisdiction over the parties to reduce the decision to judgment. Unless the arbitrators decide otherwise, each party will bear the expense of its own arbitration activities, including its appointed arbitrator and any outside attorney and witness
fees, and the parties will jointly and equally bear the expense of the third arbitrator and other costs of the arbitration. 
 This article will survive
termination of this Agreement. 

  
 19 

 ARTICLE XII—INSOLVENCY 

A party to this Agreement will be deemed insolvent when: 
  

	 	i.	 It is subject to a motion of appointment of a receiver, rehabilitator, conservator, liquidator or statutory
successor of its properties by any jurisdiction with regulatory responsibilities over that party; 

  

	 	ii.	 It is adjudicated as bankrupt or insolvent; 

 

	 	iii.	 It is the subject of an application or motion, or consents to the filing of a petition in bankruptcy, seeks
reorganization to avoid insolvency or makes formal application for any bankruptcy, dissolution, liquidation, or similar law or statute; or 

  

	 	iv.	 It becomes the subject of an order to rehabilitate or an order to liquidate as defined by the insurance code of
the jurisdiction of the party’s domicile. 

 1. Insolvency of the Ceding Company. If the Ceding Company is judged insolvent,
the Reinsurer will pay all reinsurance under this Agreement directly to the Ceding Company, its liquidator receiver or statutory successor on the basis of the Ceding Company’s liability under the Reinsured Policy or Reinsured Policies without
diminution because of the Ceding Company’s insolvency. It is understood, however, that in the event of the Ceding Company’s insolvency, the liquidator, receiver, or statutory successor will give the Reinsurer written notice of a pending
Claim on a Reinsured Policy within a reasonable time after the Claim is filed in the insolvency proceedings. While the Claim is pending, the Reinsurer may investigate and interpose, at its own expense in the proceeding where the Claim is to be
adjudicated, any defense which the Reinsurer may deem available to the Ceding Company, its liquidator, receiver or statutory successor. It is further understood that the expense the Reinsurer incurs will be chargeable, subject to court approval,
against the Ceding Company as part of the expense of liquidation to the extent of a proportionate share of the benefit which may accrue to the Ceding Company solely as a result of the defense the Reinsurer has undertaken. Where two or more
Reinsurers are involved in the same Claim and a majority in interest elect to interpose defense to the Claim, the expenses will be apportioned in accordance with the terms of the reinsurance agreement as though the Ceding Company had incurred the
expense. 
 2. Insolvency of the Reinsurer. In the event of the insolvency of the Reinsurer, the Ceding Company may, at its option, immediately
recapture all business ceded under this Agreement subject to all other terms and conditions of this Agreement upon written notice. 
 ARTICLE
XIII—CONFIDENTIAL INFORMATION 
 1. Personal Information/Proprietary Information. The term “Personal Information” shall mean
Customer and/or Consumer financial end health information furnished to the Reinsurer or its representatives by the Ceding Company in connection with the administration of insurance products reinsured by the Ceding Company. “Proprietary
Information” includes ,but is not limited to, business plans, trade secrets, mortality and lapse studies, underwriting manuals, and guidelines, applications and contract forms, the terms and conditions of this Agreement and any other business
information furnished by the Ceding Company to the Reinsurer or its representatives in connection with this Agreement. 
 2. Customer or Consumer.
The term “Customer” means a person who has a life insurance policy issued by the Ceding Company. The term ‘‘Consumer” means a beneficiary, insured or annuitant of a policy issued by the Ceding Company, where such persons are
not the owner of the underlying policy. 
 3. Protection of Personal Information/Proprietary Information. The Reinsurer agrees that Personal
Information and Proprietary Information furnished by the Ceding Company to the Reinsurer will be kept strictly confidential by the Reinsurer and its representatives, that it shall take prudent measures to assure the safeguardiıng and
safekeeping of such information, and that it will not be used for any other purpose except to perform the Reinsurer’s duties under this Agreement or as may be required by applicable laws or regulations, or permitted by applicable state
and federal privacy laws and regulations. The Reinsurer’s disclosure to other parties will only be done if the other parties have agreed in writing to be bound by a confidentiality agreement that includes wording similar to the wording in this
Article. Such a confidentiality agreement does not apply to disclosures required by applicable laws or regulations. 

  
 20 

 The parties shall provide security for the Personal Information and Proprietary Information each receives
from the other in a manner reasonably sufficient to prevent a breach of the confidentiality required by this Agreement. The parties agree that the security provided for the Confidential Information shall be consistent with and no less than the level
of security provided by a party to its own confidential, proprietary and sensitive information. A party shall immediately inform the other party in writing of any breach of the provisions of this Article, and shall cooperate with the non-breaching party and be responsible for any remedial actions or fines/penalties incurred by the non-breaching party arising from such breach. The breaching party agrees to
cooperate with any security assessment initiated by the non-breaching party with respect to the handling and safekeeping of Personal Information and Proprietary Information by a party hereunder. 

4. Public Information. This Article is not applicable to the extent that: 
  

	 	A.	 The Personal Information or Proprietary Information becomes generally available to the public other than as a
result of any disclosure by the Reinsurer or its representatives or in violation of any applicable law or regulation; 

  

	 	B.	 The Personal Information or Proprietary Information was available to the Reinsurer or its representatives on a
non-confidential basis which was not in contravention of any applicable law or regulation prior to its disclosure to the Reinsurer by the Ceding Company or by a Consumer or Customer of the Ceding Company; 

 

	 	C.	 The disclosure of Personal Information or Proprietary Information is required by court order, applicable laws
or regulations, provided that a party shall give the other party reasonable advance notice of any subpoena or discovery request in order that such other party has an opportunity, at its own expense, to take appropriate legal or protective action; or

  

	 	D.	 The Ceding Company gives its prior written consent to the disclosure. 

5. Waiver. No failure or delay by the Ceding Company in exercising any right, power or privilege hereunder shall operate as a waiver thereof. 

6. Injunctive Ralief. The Reinsurer acknowledges that remedies at law may be inadequate to protect against breach of this Article and therefore agrees
to the granting of injunctive relief if the Reinsurer or its representatives breach this Article. 
 7. Amendments or Termination. If this Agreement
should terminate, this Article shall survive termination of this Agreement. This Article may not otherwise be amended or terminated except pursuant to a separate written agreement duly executed by the Reinsurer and the Ceding Company. 

8. The Ceding Company acknowledges that the Reinsurer may aggregate data with other companies reinsured with the Reinsurer as long as the data cannot be
identified as belonging to the Ceding Company. 
 ARTICLE XIV—REPRESENTATIONS AND WARRANTIES 

1. The Parties agree that this Agreement is entered into with the understanding that the principles of utmost good faith, traditional to reinsurance shall be
adhered to in the formation and the performance of this Agreement by both Parties and shall govern the Parties’ respective rights and obligations hereunder. This Agreement is entered into in reliance of the utmost good faith of each Party. 

  
 21 

 2. The Ceding Company provides the following representations to the Reinsurer. 

 

	 	A.	 The Ceding Company warrants that, as part of its duty of utmost good faith owed to the Reinsurer, it will
provide and continue to provide such data and documentation as are reasonably requested from time to time by the Reinsurer in order to provide actuarial opinions, memorandums or other documentation relating to the Reinsured Policies as may be
required or requested by the Florida Office of Insurance Regulation or the Illinois Department of Insurance. The Ceding Company warrants that any such data provided to the Reinsurer will be complete and accurate in all material respects.

  

	 	B.	 The Reinsurer will enter into this Agreement based on the results of a due diligence process that depends on
electronic, oral, and written data provided by the Ceding Company. The Ceding Company represents and warrants that the data provided by the Ceding Company as part of the Reinsurer’s due diligence is materially complete and materially accurately
represents the historical performance, the current financial condition, and the underlying characteristics of the Reinsured Policies. 

  

	 	C.	 The Ceding Company represents and warrants that, without prior written approval of the Reinsurer, it will not
engage, employ, or otherwise support any non-contractual internal replacement programs with respect to the Reinsured policies. 

3. OFAC Compliance. The Ceding Company and the Reinsurer each represents and warrants that it is in compliance with all sanction laws (including
related regulations and judicial and administrative orders) administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and laws designating certain countries as blocked countries (as such laws may
be amended from time to time, collectively, the “Laws”. Neither party will be required to take any action under this Agreement that would violate said Laws, including but not limited to, making any payments in violation of the Laws. 

The Ceding Company agrees to, prior to making any payment under a Reinsured Policy reinsured under this Agreement, screen, in accordance with current industry
standards for the U.S. life insurance industry, the payee to ensure that the payee is not on the OFAC List of Specially Designated National and Blocked Persons (a “Prohibited Person”). The Reinsurer will have no obligation to
indemnify the Ceding Company for any payment under any Reinsured Policy if the payee is a Prohibited Person. 
 Should either party discover or otherwise
become aware that a payment has been made under a Reinsured Policy in violation of the Laws, the party who first becomes aware of the violation will notify the other party within five (5) business days of such discovery, and the Ceding Company
will provide to the Reinsurer written notice of all information known by the Ceding Company regarding the identity of the Prohibited Person, such as the name, date of birth, country, state or province and street address of the residence and/or
business, social security number, driver’s license number or other governmental identification number, and telephone number(s) of such Prohibited Parson. The parties will cooperate in order to take all reasonably necessary corrective actions.

 4. Except as specifically addressed elsewhere herein, the Ceding Company and the Reinsurer each represent that to the best of its knowledge and belief it
is, and shall use its best efforts to continue to be, in compliance in all material respects with all laws, regulations, and judicial and administrative orders applicable to this Agreement and the business reinsured under this Agreement. 

5. Foreign Account Tax Compliance Act. Pursuant to Chapter 3 of the Code and as the Code may be amended from time to time, the Ceding Company and the
Reinsurer agree to comply with all requirements of the Foreign Account Tax Compliance Act (“FATCA”) for the duration of the Agreement. As soon as practicable after the Effective Date of the Agreement, but no later than five
(5) days prior to the end of the first Accounting Period, the Ceding Company and the Reinsurer shall each provide to the other all FATCA documentation required by the Internal Revenue Service (“IRS”), which may include a valid W-8, W-8BEN, W-8BEN-E, W-8EXP, W-9, or such other documentation approved for use by the IRS, that confirms any withholding requirements, or absence thereof. 

  
 22 

 The parties agree that should (i) the Ceding Company fail to provide the Reinsurer with the required
FATCA documentation in a timely manner, the Reinsurer shall have the right to withhold from the Ceding Company any amounts necessary up to the maximum amount allowed by law in order to be in compliance with FATCA, and (ii) the Reinsurer fail to
provide the Ceding Company with the required FATCA documentation in a timely manner, the Ceding Company shall have the right to withhold from the Reinsurer any amounts necessary up to the maximum amount allowed by law in order to be in compliance
with FATCA. 
 ARTICLE XV—CLOSING CONDITIONS 
 The
parties agree that this Agreement is conditioned upon and subject to the approval of the Illinois Department of Insurance pursuant to 215 ILCS 5/174, whereupon this Agreement shall be effective as of the Amended and Restated Effective Date and shall
be binding upon and enforceable against the parties. 
 ARTICLE XVI—ASSIGNMENT OR TRANSFER 

The reinsurance under this Agreement may not be novated, transferred, or assigned by either party without the
non-transferring party’s prior written consent; provided, however, that the merger of either the Ceding Company or the Reinsurer with an entity which was under common control with it before such merger,
shall not be deemed to be an assignment; any such resulting merged entity shall be considered to be the Ceding Company or the Reinsurer, as applicable, under this Agreement. Any required consent from the non-transferring party cannot be unreasonably
withheld. The provisions of this Article are not intended to preclude the Reinsurer from retroceding the reinsurance on an indemnity basis. 
 ARTICLE
XVII - REINSURER’S RIGHT OF NOTICE OF UNUSUAL PRACTICES 
 1. Ceding Company Practices. The Reinsurer assumes that, except as otherwise
notified in writing by the Ceding Company, and agreed to in writing by the Reinsurer, the claims, general administrative processing rules or guidelines, and other insurance practices employed by the Ceding Company with respect to reinsurance ceded
under this Agreement will remain consistent with current practice. 
 2. Notice of Unusual Practices. Where the Ceding Company does engage in
exceptional or uncustomary practices with respect to business covered under this Agreement, the Ceding Company agrees to advise the Reinsurer in writing forty-five (45) days prior to implementing such change in practice and receive a written
approval from the Reinsurer, such approval not to be unreasonably withheld. For the avoidance of doubt, the Ceding Company agrees that it would be reasonable for the Reinsurer to withhold approval should the change in practice have a material
adverse impact on the Reinsurer. 

  
 23 

 SCHEDULE A 

QUARTERLY REPORT OF ACTIVITY AND SETTLEMENT STATEMENT 
  

					
	 Income Statement
	  	
	1a	  	Coinsurance Net Premiums	  	Initialy - As defined in Article II. Ongoing - Coinsurance Net Premiums.
	1b	  	MRT Premiums	  	As defined in the Agreement
	2	  	Funds Withheld Account Interest	  	(20) *0.875%
	3a	  	Coinsured Benefits	  	As defined in the Agreement
	3b	  	MRT Benefits	  	As defined in the Agreement
	4	  	Expense Allowances	  	[1a] * 10%
	5	  	Decrease to the Funds Withheld Account	  	As defined in the Agreement
	6	  	Gross Income	  	[1a] + [1b] + [2] - [3a] - [3b] - [4] + [5]
	7	  	Reinsurance Charge	  	As defined in Article VI
	8	  	Target Reserve Deficiency	  	2013 to 2020 - 0, 2021 & beyond - MAX(0, MIN( [22]-[21] - sum([8] - to[8] )+ sum([15a] [Illegible] to [15a] [Illegible]
	9	  	Net Income	  	[6] - [7] - [8]
	10	  	LCF BOP	  	[13] Illegible
	11	  	LCF Interest	  	[10]* 1.26%
	12	  	Profits(Losses) Applied to LCF	  	MIN(*([10] + [11]), [9])
	13	  	LCF EOP	  	[10] + [11] + [12]
	14	  	Experience Refund	  	2018 to Immediately prior to Experience Refund Termination Date = MAX (0, [9] - [12]). Experience Refund Termination Date & Beyond = 0.
	15a	  	Actual Recapture Payment (discretionary)	  	[15b] unless Ceding Company fails to elect Quota Share Adjustment
	15b	  	Calculated Recapture Payment	  	[8]
	15c	  	Funds Withheld Account Payment	  	MAX(0, Min([15b] - [15a], [22]))
		
	 Net Settlement
	  	Description
		  	Accounts Paid to Reinsurer	  	
		  	 Reinsurance Premiums
	  	[1a] + [1b]
		  	 Funds Withheld Account Interest
	  	[2]
		  	 Decresess in Funds Withheld Account
	  	[5]
	16	  	Total Amount Paid to Reinsurer	  	[1a] + [1b] + [2] + [5]
		  	Amounts Paid to Ceding Company	  	
		  	 Reinsurance Benefits
	  	[3a] + [3b]
		  	 Expense Allowances
	  	[4]
		  	 Experience Refund
	  	[14]
		  	 Recapture Payment
	  	[15a]
		  	 Funds Withheld Account Payment
	  	[15c]
	17	  	Total Paid to Ceding Company	  	[3a] + [3b] + [4] + [14] + [15a] + [15c]
	18	  	Net Settlement to Reinsurer (to Ceding Co.)	  	[16] minus [17]
	
	 Balances

		  	Net Stat Reserve (9/30/2012 & Prior)	  	
		  	Net Stat Reserve (10/1/12+)	  	
	19	  	Total Net Stat Reserve	  	For The Covered Co.YRT Policies, Gross Stat Rsv - 3rd Party Credit
	20	  	Funds Withheld Account Balance	  	Initially, [20] + [1a] Ongoing, Min([20] - [5] + [15c], [19] - [24]
	21	  	Target Net Coinsurance Reserve	  	2016 to 2020—[22]. 2021 & beyond - [21] *[29]
	22	  	Net Coinsurance Reserve Pre-Recapture	  	MAX(0, [19] * [24] - [20] + [5])
	23	  	Net Coinsurance Reserve Post-Recapture	  	MAX(0,[22] - [15a] - [15c])
	24	  	Prior Coinsurance QS	  	Initially, 60% Ongoing =[25]
	25	  	Revised Coinsurance QS	  	([23] + [20]) + [19]
	26	  	Prior YRT1 QS	  	Initially 40%, Ongoing = [27]
	27	  	Revised YRT1 QS	  	1.00 minus [25]
	28	  	YRT2 QS	  	85%
	29	  	Amortization Factor	  	See scheduled in Exhibit D

 HA-FKLA-08 

 SCHEDULE B 

FINANCIAL REPORTING REQUIREMENTS 
 Please
provide the following information as soon as practical after the close of the quarter but not later than the due date as stated in the treaty. Please provide monthly or other interim reports if available. All reports should include both the
Reinsurer’s Treaty Number as well as the Ceding Company’s reference number. The Ceding Company must maintain and provide upon request, sufficiently detailed reports such that reserve calculations can be independently verified by the
Reinsurer’s auditors and examiners. 
 A) Quarterly Reporting 
  

	 	1)	 Policy counts and face amount ceded. 

 

	 	2)	 Statutory reserves should be split between MRT and coinsurance reserves and by type of reserve and issue year.

  

	 	3)	 Claim information – Claim Number, Policy number, Insured’s Name, Business or Policy Type, Type of
Reinsurance (Co or YRT), Notification Date, Date of Death, Date of Birth, Cause of Death, Claim Amount, Status (paid, pending, resisted). 

  

	 	4)	 Estimated tax reserves corresponding to the statutory reserves described above (4th quarter only). 

  

	 	5)	 Policy level detail statutory reserve listing via electronic media. 

B) ANNUAL STATUTORY REPORTING 
  

	 	1)	 Actuarial Opinion signed by the appointed actuary 

 

	 	2)	 For reserves using X-factors that are less than 100% in any duration,
an actuarial opinion supported by an actuarial report with sufficient supporting documentation and detailed data to allow an independent review of the X-factors. 

 

	 	3)	 Policy Exhibit 

  

	 	4)	 Policy level detail statutory reserve listing via electronic madia. 

 

	 	5)	 Exhibit reconciling detail listing to summary reports. 

C) Annual Tax reporting 
  

	 	1)	 Actual tax reserves by tax valuation basis. 

 

	 	2)	 DAC tax information as stated in the treaty. 

 

	 	3)	 Policy level detail tax reserve listing via electronic media. 

D) Statutory Annual Statement when published. 
  

  
 25 

 Exhibit A-1 

Policy Forms and Product names for all Covered Co/YRT Policies 
  

													
	 RD Term Admin Plan Codes, with Policy Form
F3600:

	 5NRDA
	  	5NRDB	  	5NRDC	  	5NRDD	  	5NRDE	  	5NRD1	  	5NRD12
	 5NRD2
	  	5NRD22	  	5NRD2E	  	5NRD2M	  	5NRD3	  	5NRD30	  	5NRD32
	 5NRD3E
	  	5NRD3F	  	5NRD3L	  	5NRD3M	  	5NRD3N	  	5NRD3S	  	5NRD3T
	 5NRD3U
	  	5NRD3V	  	5NRD4	  	5NRD40	  	5NRD42	  	5NRD4E	  	5NRD4F
	 5NRD4L
	  	5NRD4M	  	5NRD4N	  	5NRD4S	  	5NRD4T	  	5NRD4U	  	5NRD4V
	 5NRD4X
	  	5NRD4Y	  	5NRD5	  	5NRD50	  	5NRD52	  	5NRD5A	  	5NRD5E
	 5NRD5L
	  	5NRD5M	  	5NRD5N	  	5NRD5S	  	5NRD5T	  	5NRD5U	  	5NRD5V
	5NRD5Y	  		  		  		  		  		  	
	
	 Mortgage Term Admin Plan Codes, with Policy
Forms F3800 & F3800TRC:

	 5GMT1
	  	5GMT10	  	5GMT1A	  	5GMT1B	  	5GMT2	  	5GMT20	  	5GMT2A
	 5GMT2B
	  	5GMT2S	  	5GMT2U	  	5GMT3	  	5GMT30	  	5GMT3A	  	5GMT3B
	 5GMT3S
	  	5GMT3U	  	5GMT4	  	5GMT40	  	5GMT4A	  	5GMT4B	  	5NMT1
	 5NMT10
	  	5NMT1L	  	5NMT1N	  	5NMT1S	  	5NMT1U	  	5NMT2	  	5NMT20
	 5NMT2L
	  	5NMT2N	  	5NMT2S	  	5NMT2U	  	5NMT3	  	5NMT30	  	5NMT3L
	 5NMT3N
	  	5NMT3S	  	5NMT3U	  	5NMT4	  	5NMT40	  	5NMT4L	  	5NMT4N
	 5NMT45
	  	5NMT4U	  		  		  		  		  	
	
	 RD Express Term Admin Plan Codes, with
Policy Form F4000:

	 5NRDM1
	  	5NRDM2	  	5NRDM3	  	5NRDM4	  	5NRDX1	  	5NRDX2	  	5NRDX3
	 5NRDX4
	  		  		  		  		  		  	
	
	 Hybrid Combo and Hybrid Pilot Admin Plan
Codes, with Policy Forms F4100 & F4200:

	 NRD21
	  	NRD22	  	NRD23	  	NRD23M	  	NRD24	  	NRD25	  	NRD26
	 NRD27
	  	NRD28	  	HADB1	  	HADB12	  	HADB13	  	HADB2	  	HADB22
	 HADB23
	  	HADB3	  	HADB32	  	HADB33	  	HADB4	  	HADB42	  	HADB43
	 NRD31
	  	NRD312	  	NRD313	  	NRD32	  	NRD322	  	NRD323	  	NRD33
	 NRD332
	  	NRD333	  	NRD34	  	NRD342	  	NRD343	  		  	
	
	 LBT Admin Plan Codes, with Policy Form WP300
& Combined Policy Form 34544:

	 061G1G
	  	061G2G	  	061G3G	  	061G4G	  	061G5G	  	101G1G	  	101G2G
	 101G3G
	  	101G4G	  	101G5G	  	101GTN	  	121G1G	  	121G2G	  	121G3G
	 121G4G
	  	121G5G	  	135PUT	  	141G5G	  	FI_MDA	  	M00CHD	  	M00GIA
	 M10G1A
	  	M30GIA	  	M50GIA	  	M70GIA	  	FI_M3A	  	FI_M5A	  	
	
	 LifeStory Term Admin Plan Codes, with Policy
Form F4000-02:

	 5NLS1
	  	5NLS1M	  	5NLS2	  	5NLS2M	  	5NLS3	  	5NLS3M	  	5NLS4
	 5NLS4M
	  	5NLSA	  	5NLSAM	  	5NLSB	  	5NLSBM	  	5NLSC	  	5NLSCM
	 5NLSD
	  	5NLSDM	  		  		  		  		  	

  
 26 

 Exhibit A-1 (continued) 

Policy Forms and Product names for all Covered Co/YRT Policies 
  

															
	 Combined LBT ADB Rider Admin Plan
Codes:
	 
	 ADB
	 		 		 		 		 		  			
	
	 Combined LBT Waiver of Premium Rider Admin
Plan Codes:
	 
	 PW_M0A
	 	PW_M1A	 	PW_M3A	 	PW_M5A	 	PW_M7A	 	PWPM0A	  	 	PWPM1A	 
	 PWPM3A
	 	PWPM5A	 	PWPM7A	 		 		 		  			
	
	 Combined LBT Child Rider Admin Plan
Codes:
	 
	 CTR5A
	 		 		 		 		 		  			
	
	 Combined LBT Dependent/Spouse Rider Admin Plan
Codes:
	 
	 FI_M0A
	 	Fl_M3A	 	FI_M5A	 		 		 		  			

  
 27 

 Exhibit A-2 

Policy Forms and Product names for all Covered YRT-only Policies 

 

											
	 GDB whole Life Admin Plan Codes, with Policy
Forms F3000, F3500, F3500MN, & F3500PA:

	 ADGWFM
	  	ADGWMM	  	NGDWF	  	NGDWF1	  	NGDWFA	  	NGDWFM
	 NGDWFT
	  	NGDWM	  	NGDWM1	  	NGDWMA	  	NGDWMM	  	NGDWMP
	 ADGWM
	  	ADGWFP	  	ADGWMP	  	ADGWM2	  	NGDWF4	  	NGDWFR
	 NGDWFS
	  	NGDWM4	  	NGDWMR	  	NGDWMS	  	ADGWF2	  	
	
	 GDB 10-Yr Term Admin Plan Codes, with Policy
Forms F3501, F3501MN, & F3501PA:

	 ADG1FM
	  	ADG1MM	  	NG1F	  	NG1FA	  	NG1FM	  	NG1FP
	 NG1FSA
	  	NG1FSM	  	NG1FSP	  	NG1M	  	NG1MA	  	NG1MM
	 NG1MS
	  	NG1MSA	  	NG1MSM	  	NG1MSP	  	NG11	  	NG11A
	 NG11P
	  	NG11SA	  	NG11SP	  	NG11S	  	NG11SM	  	ADGTF
	 ADGTM
	  	ADGTMP	  		  		  		  	
	
	 GDB
20-Yr Term Admin Plan Codes, with Policy Forms F3511, F3511MN, & F3511PA:

	 ADG2F
	  	ADG2FM	  	ADG2FP	  	ADG2M	  	ADG2MM	  	ADG2MP
	 NG2FA
	  	NG2FM	  	NG2FP	  	NG2FS	  	NG2FSA	  	NG2FSM
	 NG2M
	  	NG2MA	  	NG2MM	  	NG2MP	  	NG2MS	  	NG2MSA
	
	 GDB 30-Yr Term Admin Plan Codes, with Policy
Forms F3521, F3521MN, &F3521PA:

	 ADG3F
	  	ADG3FM	  	ADG3FP	  	ADG3M	  	ADG3MM	  	ADG3MP
	 NG3FA
	  	NG3FM	  	NG3FP	  	NG3FS	  	NG3FSM	  	NG3FSP
	 NG3MA
	  	NG3MM	  	NG3MP	  	NG3MS	  	NG3MSP	  	
	
	 RD Senior Life Whole Life Admin Plan Codes,
with Policy Forms F3200 & F3200CA:

	 ADG3F
	  	ADG3FM	  	ADG3FP	  	ADG3M	  	ADG3MM	  	ADG3MP
	 NG3FA
	  	NG3FM	  	NG3FP	  	NG3FS	  	NG3FSM	  	NG3FSP
	
	 RD Senior Life Term Admin Plan Codes, with
Policy Forms F3211, F3211CA, F3211HI, F3211SD, F3221, F3221CA, F3221HI, F3221SD, F3231,
F3231CA, F3231HI, & F3231SD:

	 ADBGT3
	  	RDS1F	  	RDS1F2	  	RDS1F3	  	RDS1F4	  	RDS1F5
	 RDS1F7
	  	RDS1F8	  	RDS1F9	  	RDS1FA	  	RDS1FD	  	RDS1FM
	 RDS1FO
	  	RDS1FR	  	RDS1FS	  	RDS1M	  	RDS1M2	  	RDS1M3
	 RDS1M5
	  	RDS1M6	  	RDS1M7	  	RDS1M8	  	RDS1M9	  	RDS1MD
	 RDS1MN
	  	RDS1MO	  	RDS1MR	  	RDS1MS	  	RDS1MT	  	RDS1MU
	 RDS2F2
	  	RDS2F3	  	RDS2F4	  	RDS2F5	  	RDS2F6	  	RDS2F7
	 RDS2F9
	  	RDS2FA	  	RDS2FD	  	RDS2FM	  	RDS2FN	  	RDS2FO
	 RDS2FS
	  		  		  		  		  	

  
 28 

 Exhibit B 

Scheduled Decrease to the Funds Withheld Account 
  

			
	 Accounting Period
	  	 Scheduled Decrease

	 Amended and Restated Effective Date
	  	Initial increase as described in Article II
	 9/30/2016
	  	3,300,000
	 12/31/2016
	  	3,300,000
	 3/31/2017
	  	3,300,000
	 6/30/2017
	  	The remaining Funds Withheld Account Balance

  
 29 

 Exhibit C-1 

YRT Guaranteed Premium Rates for all YRT-only Policies, for all Covered Co/YRT Policies in their
level period, and for all Covered Co/YRT Policies that are whole life Products 
 I. Level Term Then
ART-Plans: YRT Guaranteed Premium Rates During Level Premium Period 
  

			
	 Product
	  	 Mortality Table During Level Premium Period (rates are per
thousand)

	Hybrid Pilot (all cause)	  	2001 CSO Select & Ultimate Valuation Table, ANB, Sex-Distinct, Smoker/Non-Smoker Distinct
		
	Hybrid Combo (all cause)	  	2001 CSO Select & Ultimate Valuation Table, ANB, Sex-Distinct, Smoker/Non-Smoker Distinct
		
	Hybrid Combo (ADB)	  	1996 ADB Ultimate Valuation Table, ANB, Sex-Distinct
		
	Mortgage Term	  	2001 CSO Select & Ultimate Valuation Table, ALB, Sex-Distinct, Smoker/Non-Smoker Distinct
		
	RD Express Term	  	2001 CSO Select & Ultimate Valuation Table, ALB, Sex-Distinct, Smoker/Non-Smoker Distinct
		
	RD Term	  	2001 CSO Select & Ultimate Valuation Table, ALB, Sex-Distinct, Smoker/Non-Smoker Distinct
		
	LifeStory Term	  	2001 CSO Select & Ultimate Valuation Table, ALB, Sex-Distinct, Smoker/Non-Smoker Distinct
	
	 II. Other Plans: YRT Guaranteed Premium Rates

 

	 Product
	  	 Mortality Table (rates are per thousand)

	GDB Term & Whole Life (all cause)	  	2001 CSO Ultimate Valuation Table, ALB, Sex-Distinct, Composite for Smoker/Non-Smoker
		
	GDB Term & Whole Life (ADB)	  	1959 ADB Ultimate Valuation Table, ALB, Sex-Distinct
		
	LBT*	  	2001 CSO Ultimate Valuation Tables, ALB, Sex-Distinct, Smoker/Non-Smoker Distinct*
		
	Combined LBT ADB Rider	  	1996 ADB Ultimate Valuation Table, ANB, Sex-Distinct
		
	Combined LBT Child and Dependent/Spouse Riders	  	2001 CSO Ultimate Valuation Tables, ALB, Sex-Distinct, Smoker/Non-Smoker Distinct
		
	RD Senior Life Term & Whole Life (all cause)	  	2001 CSO Ultimate Valuation Table, ALB, Sex-Distinct, Composite for Smoker/Non-Smoker
		
	RD Senior Life Term & Whole Life (ADB)	  	1959 ADB Ultimate valuation Table, ALB, Sex-Distinct

  

	*	 For LBT, each case has an expected male/female mix, where that mix is used as the mortality basis for statutory
valuations. The mix by admin plan code is as follows: 

  

			
	Admin Plan Code	  	Male/Female Mix
	 061G1G
	  	LBT 100/0 male/female mix
	 061G2G
	  	LBT 70/30 male/female mix
	 061G3G
	  	LBT 50/50 male/female mix
	 061G4G
	  	LBT 30/70 male/female mix
	 061G5G
	  	LBT 0/100 male/female mix
	 101G1G
	  	LBT 100/0 male/female mix
	 101G2G
	  	LBT 70/30 male/female mix
	 101G3G
	  	LBT 50/50 male/female mix
	 101G4G
	  	LBT 30/70 male/female mix
	 101G5G
	  	LBT 0/100 male/female mix
	 101GTN
	  	LBT 30/70 male/female mix

  
 30 

 Exhibit C-2 

YRT Guaranteed Premium Rates for Covered Co/YRT 

Policies in their post-level period 
 ART-Period Guaranteed Premium Rates Per $1,000 of face amount

															
	 	  	Hybrid Combo and Hybrid Pilot Guaranteed
YRT Rates Per $1,000 of Face During ART
Period	 
	 Attained

Age
	  	M NS	  	F NS	 	  	M Sm	 	  	F Sm	 
	 16
	  	1.85	  	 	0.98	 	  	 	1.98	 	  	 	1.03	 
	 17
	  	2.13	  	 	1.03	 	  	 	2.43	 	  	 	1.15	 
	 18
	  	2.30	  	 	1.05	 	  	 	2.78	 	  	 	1.25	 
	 19
	  	2.35	  	 	1.13	 	  	 	3.03	 	  	 	1.35	 
	 20
	  	2.38	  	 	1.13	 	  	 	3.18	 	  	 	1.45	 
	 21
	  	2.38	  	 	1.15	 	  	 	3.33	 	  	 	1.53	 
	 22
	  	2.38	  	 	1.20	 	  	 	3.50	 	  	 	1.63	 
	 23
	  	2.40	  	 	1.20	 	  	 	3.65	 	  	 	1.68	 
	 24
	  	2.43	  	 	1.25	 	  	 	3.85	 	  	 	1.80	 
	 25
	  	2.45	  	 	1.25	 	  	 	4.08	 	  	 	1.93	 
	 26
	  	2.55	  	 	1.33	 	  	 	4.28	 	  	 	2.03	 
	 27
	  	2.68	  	 	1.43	 	  	 	4.53	 	  	 	2.18	 
	 28
	  	2.63	  	 	1.45	 	  	 	4.55	 	  	 	2.30	 
	 29
	  	2.58	  	 	1.55	 	  	 	4.53	 	  	 	2.48	 
	 30
	  	2.55	  	 	1.60	 	  	 	4.50	 	  	 	2.58	 
	 31
	  	2.53	  	 	1.70	 	  	 	4.50	 	  	 	2.80	 
	 32
	  	2.53	  	 	1.80	 	  	 	4.55	 	  	 	2.98	 
	 33
	  	2.60	  	 	1.90	 	  	 	4.68	 	  	 	3.20	 
	 34
	  	2.65	  	 	2.05	 	  	 	4.85	 	  	 	3.48	 
	 35
	  	2.73	  	 	2.23	 	  	 	5.00	 	  	 	3.83	 
	 36
	  	2.88	  	 	2.38	 	  	 	5.28	 	  	 	4.13	 
	 37
	  	3.00	  	 	2.58	 	  	 	5.68	 	  	 	4.48	 
	 38
	  	3.23	  	 	2.68	 	  	 	6.00	 	  	 	4.70	 
	 39
	  	3.43	  	 	2.83	 	  	 	6.43	 	  	 	5.00	 
	 40
	  	3.65	  	 	3.00	 	  	 	6.93	 	  	 	5.30	 
	 41
	  	3.95	  	 	3.18	 	  	 	7.58	 	  	 	5.65	 
	 42
	  	4.33	  	 	3.38	 	  	 	8.33	 	  	 	6.08	 
	 43
	  	4.75	  	 	3.63	 	  	 	9.23	 	  	 	6.58	 
	 44
	  	5.25	  	 	3.93	 	  	 	10.30	 	  	 	7.15	 
	 45
	  	5.83	  	 	4.28	 	  	 	11.43	 	  	 	7.83	 
	 46
	  	6.38	  	 	4.68	 	  	 	12.48	 	  	 	8.58	 
	 47
	  	6.98	  	 	5.18	 	  	 	13.65	 	  	 	9.53	 
	 48
	  	7.33	  	 	5.73	 	  	 	14.30	 	  	 	10.70	 
	 49
	  	7.73	  	 	6.33	 	  	 	15.05	 	  	 	12.03	 
	 50
	  	8.30	  	 	7.03	 	  	 	16.13	 	  	 	13.48	 
	 51
	  	8.98	  	 	7.80	 	  	 	17.40	 	  	 	15.05	 
	 52
	  	9.90	  	 	8.68	 	  	 	19.15	 	  	 	16.78	 
	 53
	  	10.90	  	 	9.63	 	  	 	21.13	 	  	 	18.60	 
	 54
	  	12.18	  	 	10.63	 	  	 	23.60	 	  	 	20.60	 
	 55
	  	13.75	  	 	11.70	 	  	 	26.40	 	  	 	22.70	 

																	
	 	  	Hybrid Combo and Hybrid Pilot Guaranteed
YRT Rates Per $1,000 of Face During ART
Period	 
	 Attained

Age
	  	M NS	 	  	F NS	 	  	M Sm	 	  	F Sm	 
	 56
	  	 	15.35	 	  	 	12.95	 	  	 	29.25	 	  	 	24.95	 
	 57
	  	 	17.08	 	  	 	14.25	 	  	 	32.28	 	  	 	27.35	 
	 58
	  	 	18.55	 	  	 	15.65	 	  	 	34.65	 	  	 	29.88	 
	 59
	  	 	20.25	 	  	 	17.05	 	  	 	37.40	 	  	 	32.25	 
	 60
	  	 	22.30	 	  	 	18.50	 	  	 	40.73	 	  	 	34.93	 
	 61
	  	 	24.80	 	  	 	20.08	 	  	 	44.85	 	  	 	37.70	 
	 62
	  	 	27.85	 	  	 	21.80	 	  	 	49.83	 	  	 	40.83	 
	 63
	  	 	31.28	 	  	 	23.58	 	  	 	55.35	 	  	 	43.95	 
	 64
	  	 	34.88	 	  	 	25.50	 	  	 	61.00	 	  	 	47.25	 
	 65
	  	 	38.68	 	  	 	27.63	 	  	 	66.58	 	  	 	50.85	 
	 66
	  	 	42.53	 	  	 	29.98	 	  	 	71.95	 	  	 	54.68	 
	 67
	  	 	46.43	 	  	 	32.55	 	  	 	77.18	 	  	 	58.98	 
	 68
	  	 	50.63	 	  	 	35.43	 	  	 	82.68	 	  	 	63.70	 
	 69
	  	 	54.98	 	  	 	38.58	 	  	 	88.13	 	  	 	68.83	 
	 70
	  	 	60.25	 	  	 	42.05	 	  	 	94.73	 	  	 	74.55	 
	 71
	  	 	66.15	 	  	 	46.05	 	  	 	101.95	 	  	 	81.08	 
	 72
	  	 	73.90	 	  	 	50.53	 	  	 	111.78	 	  	 	88.28	 
	 73
	  	 	82.08	 	  	 	55.38	 	  	 	121.65	 	  	 	eligible	 
	 74
	  	 	90.68	 	  	 	60.70	 	  	 	131.63	 	  	 	104.53	 
	 75
	  	 	100.08	 	  	 	66.60	 	  	 	143.23	 	  	 	113.08	 
	 76
	  	 	110.33	 	  	 	73.08	 	  	 	155.58	 	  	 	122.40	 
	 77
	  	 	122.23	 	  	 	80.20	 	  	 	eligible	 	  	 	132.43	 
	 78
	  	 	136.13	 	  	 	88.08	 	  	 	186.35	 	  	 	143.23	 
	 79
	  	 	152.18	 	  	 	96.58	 	  	 	205.13	 	  	 	154.90	 
	 80
	  	 	169.68	 	  	 	106.08	 	  	 	225.18	 	  	 	167.48	 
	 81
	  	 	189.60	 	  	 	118.98	 	  	 	247.63	 	  	 	185.18	 
	 82
	  	 	210.35	 	  	 	133.53	 	  	 	270.28	 	  	 	204.40	 
	 83
	  	 	232.73	 	  	 	148.03	 	  	 	294.03	 	  	 	223.13	 
	 84
	  	 	257.50	 	  	 	164.05	 	  	 	319.85	 	  	 	243.25	 
	 85
	  	 	285.18	 	  	 	182.10	 	  	 	350.23	 	  	 	263.53	 
	 86
	  	 	315.85	 	  	 	198.48	 	  	 	363.48	 	  	 	280.43	 
	 87
	  	 	349.35	 	  	 	223.13	 	  	 	419.23	 	  	 	307.23	 
	 88
	  	 	385.25	 	  	 	248.88	 	  	 	456.80	 	  	 	333.98	 
	 89
	  	 	423.13	 	  	 	276.33	 	  	 	495.68	 	  	 	360.88	 
	 90
	  	 	462.65	 	  	 	301.63	 	  	 	535.33	 	  	 	382.63	 
	 91
	  	 	499.83	 	  	 	314.43	 	  	 	571.08	 	  	 	387.35	 
	 92
	  	 	538.58	 	  	 	339.60	 	  	 	607.55	 	  	 	406.65	 
	 93
	  	 	579.45	 	  	 	376.95	 	  	 	645.25	 	  	 	437.75	 
	 94
	  	 	622.63	 	  	 	424.10	 	  	 	684.35	 	  	 	477.43	 

 
 

  
 31 

 Exhibit C-2 (continued) 

YRT Guaranteed Premium Rates for Covered Co/YRT 

Policies in their post-level period 
 ART-Period Guaranteed Premium Rates Per $1,000 of face amount

																	
	 	  	 RD Term, RD Express Term, LifeStory, and
Mortgage Term Guaranteed YRT Rates Per

$1.000 of Face During ART Period
	 
	Issue Age	  	M NS	 	  	F NS	 	  	M Sm	 	  	F Sm	 
	 16
	  	 	2.16	 	  	 	1.15	 	  	 	2.41	 	  	 	1.27	 
	 17
	  	 	2.44	 	  	 	1.21	 	  	 	2.89	 	  	 	1.39	 
	 18
	  	 	2.58	 	  	 	1.27	 	  	 	3.20	 	  	 	1.51	 
	 19
	  	 	2.64	 	  	 	1.33	 	  	 	3.45	 	  	 	1.66	 
	 20
	  	 	2.67	 	  	 	1.33	 	  	 	3.65	 	  	 	1.75	 
	 21
	  	 	2.67	 	  	 	1.39	 	  	 	3.82	 	  	 	1.87	 
	 22
	  	 	2.67	 	  	 	1.42	 	  	 	4.02	 	  	 	1.96	 
	 23
	  	 	2.70	 	  	 	1.42	 	  	 	4.22	 	  	 	2.05	 
	 24
	  	 	2.73	 	  	 	1.48	 	  	 	4.45	 	  	 	2.17	 
	 25
	  	 	2.81	 	  	 	1.51	 	  	 	4.70	 	  	 	2.35	 
	 26
	  	 	2.92	 	  	 	1.63	 	  	 	4.95	 	  	 	2.50	 
	 27
	  	 	2.98	 	  	 	1.69	 	  	 	5.09	 	  	 	2.65	 
	 28
	  	 	2.98	 	  	 	1.78	 	  	 	5.12	 	  	 	2.83	 
	 29
	  	 	2.98	 	  	 	1.87	 	  	 	5.12	 	  	 	3.01	 
	 30
	  	 	2.98	 	  	 	1.96	 	  	 	5.12	 	  	 	3.19	 
	 31
	  	 	2.98	 	  	 	2.08	 	  	 	5.15	 	  	 	3.43	 
	 32
	  	 	3.01	 	  	 	2.20	 	  	 	5.24	 	  	 	3.67	 
	 33
	  	 	3.10	 	  	 	2.35	 	  	 	5.41	 	  	 	3.97	 
	 34
	  	 	3.16	 	  	 	2.53	 	  	 	5.61	 	  	 	4.36	 
	 35
	  	 	3.31	 	  	 	2.74	 	  	 	5.84	 	  	 	4.75	 
	 36
	  	 	3.46	 	  	 	2.95	 	  	 	6.18	 	  	 	5.14	 
	 37
	  	 	3.67	 	  	 	3.13	 	  	 	6.58	 	  	 	5.47	 
	 38
	  	 	3.94	 	  	 	3.28	 	  	 	7.06	 	  	 	5.80	 
	 39
	  	 	4.18	 	  	 	3.46	 	  	 	7.60	 	  	 	6.16	 
	 40
	  	 	4.51	 	  	 	3.67	 	  	 	8.25	 	  	 	6.55	 
	 41
	  	 	4.90	 	  	 	3.91	 	  	 	9.05	 	  	 	7.00	 
	 42
	  	 	5.38	 	  	 	4.18	 	  	 	9.99	 	  	 	7.57	 
	 43
	  	 	5.94	 	  	 	4.51	 	  	 	11.10	 	  	 	8.20	 
	 44
	  	 	6.56	 	  	 	4.90	 	  	 	12.35	 	  	 	8.95	 
	 45
	  	 	7.24	 	  	 	5.35	 	  	 	13.60	 	  	 	9.82	 
	 46
	  	 	7.92	 	  	 	5.89	 	  	 	14.85	 	  	 	10.84	 
	 47
	  	 	8.48	 	  	 	6.62	 	  	 	15.90	 	  	 	12.10	 
	 48
	  	 	8.92	 	  	 	7.21	 	  	 	16.70	 	  	 	13.60	 
	 49
	  	 	9.48	 	  	 	7.99	 	  	 	17.72	 	  	 	15.28	 
	 50
	  	 	10.22	 	  	 	8.86	 	  	 	19.06	 	  	 	17.08	 
	 51
	  	 	11.17	 	  	 	9.85	 	  	 	20.80	 	  	 	19.06	 
	 52
	  	 	12.33	 	  	 	10.96	 	  	 	22.91	 	  	 	21.19	 
	 53
	  	 	13.66	 	  	 	12.13	 	  	 	25.44	 	  	 	23.50	 
	 54
	  	 	15.35	 	  	 	13.36	 	  	 	28.46	 	  	 	25.96	 
	 55
	  	 	17.25	 	  	 	14.77	 	  	 	31.68	 	  	 	28.57	 

																	
	 	  	RD Term, RD Express Term, LifeStory, and
Mortgage Term Guaranteed YRT Rates Per
$1.000 of Face During ART Period	 
	Issue Age	  	M NS	 	  	F NS	 	  	M Sm	 	  	F Sm	 
	 56
	  	 	19.21	 	  	 	16.30	 	  	 	35.01	 	  	 	31.38	 
	 57
	  	 	21.11	 	  	 	17.92	 	  	 	38.08	 	  	 	34.18	 
	 58
	  	 	23.01	 	  	 	19.60	 	  	 	41.01	 	  	 	37.12	 
	 59
	  	 	25.23	 	  	 	21.31	 	  	 	44.45	 	  	 	40.27	 
	 60
	  	 	27.93	 	  	 	23.11	 	  	 	48.69	 	  	 	43.54	 
	 61
	  	 	31.22	 	  	 	25.09	 	  	 	53.87	 	  	 	47.08	 
	 62
	  	 	35.04	 	  	 	27.19	 	  	 	59.82	 	  	 	50.83	 
	 63
	  	 	39.22	 	  	 	29.41	 	  	 	66.19	 	  	 	54.67	 
	 64
	  	 	43.58	 	  	 	31.84	 	  	 	72.56	 	  	 	58.81	 
	 65
	  	 	48.12	 	  	 	34.54	 	  	 	78.79	 	  	 	63.28	 
	 66
	  	 	52.72	 	  	 	37.48	 	  	 	84.82	 	  	 	68.14	 
	 67
	  	 	57.52	 	  	 	40.75	 	  	 	90.91	 	  	 	73.54	 
	 68
	  	 	62.59	 	  	 	44.38	 	  	 	97.14	 	  	 	79.45	 
	 69
	  	 	68.28	 	  	 	48.34	 	  	 	104.00	 	  	 	85.96	 
	 70
	  	 	74.92	 	  	 	52.81	 	  	 	111.85	 	  	 	93.31	 
	 71
	  	 	82.98	 	  	 	57.91	 	  	 	121.50	 	  	 	101.53	 
	 72
	  	 	92.41	 	  	 	63.49	 	  	 	132.71	 	  	 	110.47	 
	 73
	  	 	102.34	 	  	 	69.58	 	  	 	144.01	 	  	 	120.22	 
	 74
	  	 	113.01	 	  	 	76.33	 	  	 	156.25	 	  	 	130.42	 
	 75
	  	 	124.63	 	  	 	83.74	 	  	 	169.85	 	  	 	141.13	 
	 76
	  	 	137.73	 	  	 	91.87	 	  	 	184.93	 	  	 	152.71	 
	 77
	  	 	152.97	 	  	 	100.87	 	  	 	202.37	 	  	 	165.19	 
	 78
	  	 	170.67	 	  	 	110.68	 	  	 	222.37	 	  	 	178.66	 
	 79
	  	 	190.50	 	  	 	121.45	 	  	 	244.39	 	  	 	193.15	 
	 80
	  	 	212.62	 	  	 	134.83	 	  	 	268.46	 	  	 	211.21	 
	 81
	  	 	236.66	 	  	 	151.27	 	  	 	294.04	 	  	 	233.29	 
	 82
	  	 	262.13	 	  	 	168.67	 	  	 	320.38	 	  	 	256.03	 
	 83
	  	 	289.94	 	  	 	186.94	 	  	 	348.42	 	  	 	279.25	 
	 84
	  	 	320.86	 	  	 	207.31	 	  	 	380.15	 	  	 	303.43	 
	 85
	  	 	358.80	 	  	 	227.95	 	  	 	420.28	 	  	 	325.78	 
	 86
	  	 	400.94	 	  	 	252.34	 	  	 	464.23	 	  	 	351.61	 
	 87
	  	 	446.98	 	  	 	282.46	 	  	 	511.49	 	  	 	383.65	 
	 88
	  	 	496.52	 	  	 	314.23	 	  	 	561.40	 	  	 	415.72	 
	 89
	  	 	549.17	 	  	 	345.85	 	  	 	613.47	 	  	 	445.08	 
	 90
	  	 	602.55	 	  	 	369.13	 	  	 	654.83	 	  	 	461.74	 
	 91
	  	 	668.07	 	  	 	391.39	 	  	 	714.82	 	  	 	475.42	 
	 92
	  	 	712.79	 	  	 	428.29	 	  	 	766.80	 	  	 	504.97	 
	 93
	  	 	773.22	 	  	 	478.30	 	  	 	821.16	 	  	 	546.79	 
	 94
	  	 	837.55	 	  	 	540.58	 	  	 	879.59	 	  	 	605.08	 

 
 

  
 32 

 Exhibit D 

Amortization Factors 
  

			
	 Accounting

Period
	  	 Amortization

Factor

	3/31/2021	  	0.95833
	6/30/2021	  	0.95652
	9/30/2021	  	0.95455
	12/31/2021	  	0.95238
	3/31/2022	  	0.95000
	6/30/2022	  	0.94737
	9/30/2022	  	0.94444
	12/31/2022	  	0.94118
	3/31/2023	  	0.93750
	6/30/2023	  	0.93333
	9/30/2023	  	0.92857
	12/31/2023	  	0.92308
	3/31/2024	  	0.91667
	6/30/2024	  	0.90909
	9/30/2024	  	0.90000
	12/31/2024	  	0.88889
	3/31/2025	  	0.87500
	6/30/2025	  	0.85714
	9/30/2025	  	0.83333
	12/31/2025	  	0.80000
	3/31/2026	  	0.75000
	6/30/2026	  	0.66667
	9/30/2026	  	0.50000
	12/31/2026	  	0.00000

  
 33 

 Exhibit E 

MRT1 Premium Factors 
  

	I.	 Whole life policies and policies during their level period: 13.75% 

 

	II.	 Policies in their post-level period: 8.333% 

  
 34EX-10.10

 Exhibit 10.10 

 
 

 
 Reinsurance Agreement #I478580US-13 

This Automatic Self Administered Accidental Death Benefit Rider Policy Coinsurance. Reinsurance Agreement 

Effective June 1, 2013 (the “Effective Date”) 

(hereinafter referred to as the “Agreement”) 
 is made
between 
 Fidelity Life Association, A Legal Reserve Life Insurance Company 

an Illinois insurance company 
 (hereinafter referred to as the
“Company”) 
 and 
 Swiss Re Life &
Health America Inc. 
 a Connecticut insurance company 

(hereinafter referred to as the “Reinsurer”) 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Table of Contents 

 

					
	 Article 1
	  			
	 1.1  General
	  			
	 1.2  Scope of Coverage
	  			
		
	 Article 2
	  			
	 2.1  Automatic Reinsurance
	  			
	 2.2  Exclusions From Automatic Coverage
	  			
		
	 Article 3
	  			
	 3.1  Automatic Submissions
	  			
		
	 Article 4
	  			
	 4.1  Commencement of Automatic Reinsurance Liability
	  			
		
	 Article 5
	  			
	 5.1  Premium Accounting
	  			
	 5.2  Currency
	  			
	 5.3  Non-Payment of Premiums
	  			
		
	 Article 6
	  			
	 6.1  Right of Offset
	  			
		
	 Article 7
	  			
	 7.1  Policy Changes
	  			
	 7.2  Lapses
	  			
	 7.3  Reinstatements
	  			
		
	 Article 8
	  			
	 8.1  Retention Limit Change
	  			
	 8.2  Recapture
	  			
		
	 Article 9
	  			
	 9.1  Claims Notice and Consultation
	  			
	 9.2  Claims Payment
	  			
	 9.3  Claims Practices
	  			
	 9.4  Contested Claims
	  			
	 9.5  Claims Expenses
	  			
	 9.6  Extra Contractual Obligations
	  			
		
	 Article 10
	  			
	 10.1  Errors and Omissions in Administration of Reinsurance
	  			
	 10.2  Dispute Resolution
	  			
	 10.3  Arbitration
	  			
	 10.4  Expedited Dispute Resolution Process
	  			
		
	 Article 11
	  			
	 11.1  Insolvency
	  			

  

					
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	 Article 12
	  			
	 12.1  DAC Tax Election
	  			
	 12.2  Taxes And Expenses
	  			
		
	 Article 13
	  			
	 13.1  Entire Agreement
	  			
	 13.2  Inspection of Records
	  			
	 13.3  Utmost Good Faith
	  			
	 13.4  Confidentiality
	  			
	 13.5  OFAC Compliance
	  			
		
	 Article 14
	  			
	 14.1  Representations and Warranties
	  			
		
	 Article 15
	  			
	 15.1  Business Continuity
	  			
		
	 Article 16
	  			
	 16.1  Duration of Agreement
	  			
	 16.2  Severability
	  			
	 16.3  Construction
	  			
	 16.4  Credit for Reinsurance
	  			
	 16.5  Non-Waiver
	  			
	 16.6  Retrocession
	  			
	 16.7  Governing Law
	  			
	 16.8  Interest
	  			
	 16.9  Counterparts
	  			
		
	 Article 17
	  			
	 17.1  Financial Conditions
	  			
		
	 Execution
	  			
		
	 Exhibits
	  			
	 A   Business Covered
	  			
	 A-1   Business Guidelines
	  			
	 B    Reinsurance Application
	  			
	 C    General Terms
	  			
	 C-l  Rates and Terms For Specific
Plans
	  			
	 D   The Company’s Retention Limits
	  			
	 E    Automatic Issue and Acceptance Limits
	  			
	 F    Reinsurance Reports
	  			

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
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#06635US13)
	  		  	

 

 
 Article 1 
  

	1.1	 General 

This Agreement is an indemnity reinsurance agreement solely between the Company and the Reinsurer. The acceptance of risks under this Agreement
by the Reinsurer will create no right or legal relation between the Reinsurer and the insured, owner, beneficiary, or assignee of any insurance policy of the Company. 

This Agreement will be binding upon the parties hereto and their respective successors and assigns including any rehabilitator, conservator,
liquidator or statutory successor of either party. Neither party may effect any novation of this Agreement without the other party’s prior written consent. 

Day or days, when used in this Agreement, will mean calendar days. 
  

	1.2	 Scope of Coverage 

This Agreement applies to all directly issued insurance policies and supplemental benefits and riders listed in Exhibit A (hereinafter referred
to as “policies” or “policy” and issued, in a jurisdiction in which the Company is properly licensed. On and after the Effective Date of this Agreement, the Company will cede and the Reinsurer will accept its share of the
benefits specified in Exhibit A in accordance with the terms of this Agreement. The policies accepted by the Reinsurer will be hereinafter referred to as “Reinsured Policies” 

The Company may not reinsure the retained amounts specified in Exhibit D on any basis without the Reinsurer’s prior written consent. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Article 2 
  

	2.1	 Automatic Reinsurance 

The Company will automatically cede and the Reinsurer will automatically accept its share of the Company’s policies provided that, to the
best of the Company’s knowledge: 
  

	 	a)	 The Company has retained on each life the amount set out in Exhibit D according to the age and mortality rating
at the time of underwriting; and 

  

	 	b)	 The total of the face amount of reinsurance required, including the amount already reinsured on that life under
this Agreement and all other life agreements between the Reinsurer and the Company, does not exceed the Automatic Acceptance Limits set out in Exhibit E; and 

  

	 	c)	 The total face amount of insurance on that life in force with all companies, including the Company, does not
exceed the In Force Limits set out in Exhibit E. 

 If the Company is already on the risk for its retention under
previously issued policies, the Reinsurer will automatically accept reinsurance for newly issued policies according to the limits set out in Exhibit E, provided the Company has complied with the business guidelines specified in Exhibit A-1 (hereinafter the “Business Guidelines”) that would have applied if the new policy had been fully retained by the Company. 
  

	2.2	 Exclusions from Automatic Coverage 

Exclusions from automatic coverage under this Agreement shall follow the exclusions in the original policy or rider form. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
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#06635US13)
	  		  	

 Article 3 
  

	3.1	 Automatic Submissions 

The Company will report Reinsured Policies ceded automatically to the Reinsurer according to the terms specified in Exhibit F. 

Upon request, the Company will provide the Reinsurer copies of the application, underwriting papers and other information pertaining to any
automatic, cession under this Agreement. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
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#06635US13)
	  		  	

 Article 4 
  

	4.1	 Commencement of Automatic Reinsurance Liability 

The Reinsurer’s liability for any Reinsured Policy accepted automatically will begin simultaneously with the Company’s contractual
liability for that policy. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Article 5 
  

	5.1	 Premium Accounting 

The Company will pay the Reinsurer Premiums in accordance with the terms specified in Exhibit C-1. 

The method and requirements for reporting and remitting premiums are specified in Exhibit F. 

 

	5.2	 Currency 

All payments due under this Agreement will be made in U.S. Dollars. 
  

	5.3	 Non-Payment of Premiums 

The payment of reinsurance premiums is a condition to the liability of the Reinsurer for reinsurance provided by this Agreement. If reinsurance
premiums are not paid within 60 days of the due date, the Reinsurer may terminate reinsurance for all Reinsured Policies having reinsurance premiums in arrears. If the Reinsurer elects to terminate any Reinsured Policies after such 60 day
period, it will then give the Company at least 45 days’ prior written notice, to be sent via overnight delivery from a major carrier (Federal Express, USPS, UPS, DHL, etc.) of its intention to terminate such reinsurance. If all reinsurance
premiums in arrears, including any which may become in arrears during such 45 day notice period, are not paid before the end of the notice period, the Reinsurer’s obligations for those Reinsured Policies will be limited to obligations relating
to events arising on or before the last date for which reinsurance premiums have been paid in full for each Reinsured Policy. 
 If
reinsurance is terminated according to this Article, the appropriate amount of benefit reserves to be held in respect of the reinsured amounts being terminated will be paid by the party with the positive balance, determined as of the effective date
of termination, based on U.S. generally accepted accounting principle (“GAAP”) consistent with FASB Accounting Standard Codification Topic 944, Financial Services - Insurance computed using the Reinsurer’s original pricing assumptions
without provision for adverse deviation, less any amount of unamortized deferred acquisition cost assets related thereto and excluding any provisions for adverse deviations or similar deficiency or special reserves net of outstanding balances. 

The Reinsurer’s right to terminate reinsurance will not prejudice its right to collect premiums, and applicable interest as specified in
Exhibit C, for the period reinsurance was in force, through and including the 45 day notice period. 
 The Company may not force termination
through the non-payment of reinsurance premiums to avoid the Agreement’s requirements or to transfer the Reinsured Policies to another party. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
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#06635US13)
	  		  	

 Article 6 
  

	6.1	 Right of Offset 

The Company and the Reinsurer will have the right to offset any undisputed balances, whether on account of premiums, allowances, credits,
claims or otherwise due from one party to the other under this Agreement or under any other reinsurance agreement between the Company and the Reinsurer. 

The rights provided under this Article are in addition to any rights of offset that may exist at common law. The parties’ offset rights
may be enforced notwithstanding any other provision of this Agreement including, without limitation, the provisions of Article 11. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
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#06635US13)
	  		  	

 Article 7 
  

	7.1	 Policy Changes 

“Policy changes” refers to the variety of actions that may be made to a policy after issue as long as a similar change is made on the
base life policy to which the covered riders, specified in Exhibit A, are attached. These actions include, but are not limited to, replacements, changes in plans, or a change in the benefit amount of the policy in conjunction with the base
life policy. 
  

	7.2	 Lapses 

When a policy issued by the Company lapses, after the greater of the number of days for all state mandated grace periods and the number of days
for the Company’s administrative procedures for lapsing policy to take place, the corresponding reinsurance on the Reinsured Policy will be terminated effective, the same date. 

 

	7.3	 Reinstatements 

If a policy reinsured on an automatic basis is reinstated according to its terms and the Company’s reinstatement rules, the Reinsurer
will, upon notification, automatically reinstate the reinsurance. 
 To the extent the Reinsured Policy requires payment of premiums in
arrears, the Company will pay all reinsurance premiums in arrears on reinstated polices and such premiums will be subject to Article 16.8 and Exhibit F. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
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#06635US13)
	  		  	

 Article 8 
  

	8.1	 Retention Limit Change 

If the Company changes its retention limit (hereinafter “Retention Limit”), it will provide the Reinsurer with written notice of
the new Retention Limit at least 90 days prior to the effective date. Changes to the Company’s Retention Limits in Exhibit D will not affect the Reinsured Policies in force at the time of such a change except as specifically provided for
elsewhere in this Agreement, and will not affect the Automatic Acceptance Limits in Exhibit E unless mutually agreed in writing by the Company and the Reinsurer. 

If the Company decreases its Retention Limit, no reinsurance may be ceded on an automatic basis until the parties have reviewed and either
expressly affirmed or revised the terms specified in Exhibit C-l and the Automatic Acceptance Limits set out in Exhibit E. 
  

	8.2	 Recapture 

Reinsured Policies will not be eligible for recapture, whether due to an increase in the Company’s retention or otherwise. The Reinsurer
will consider a request by the Company to recapture, but will agree to the request only if the Company and the Reinsurer agree upon recapture terms. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
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#06635US13)
	  		  	

 Article 9 
  

	9.1	 Claims Notice and Consultation 

The Company is responsible for the settlement of claims in accordance with applicable law and policy terms. It is the
Company’S sole decision to determine weather a claim is payable under the policy. For purposes of this Article, Reinsured Policies include conditional receipts and temporary insurance agreements covered under the terms of this
Agreement. It is a condition to the Reinsurer’s obligation to pay a claim that the Company notify the Reinsurer in writing as soon as possible, but in any event not later than 12 months after the Company receives notice of a claim on a
Reinsured Policy. The Company will promptly provide the Reinsurer with copies of all claims documents in its possession. 
 As a condition to
the Reinsurer’s obligation to pay a claim, before making a claim decision or settlement offer, the Company will seek the Reinsurer’s recommendation on such matters to the extent specified in Exhibit
C-1. The Reinsurer will promptly make a recommendation; failing such, the Company may settle the claim without further consultation. The terms of Exhibit C-1
notwithstanding, the Company may request a recommendation from the Reinsurer on any claim on a Reinsured Policy. The Company will provide the Reinsurer all information it has in its possession, including underwriting files, reasonably requested by
the Reinsurer for consideration of any claim on a Reinsured Policy. 
 The Company, if notified, will notify the Reinsurer of deaths that do
not trigger policy benefits. 
  

	9.2	 Claims Payment 

The Reinsurer will be liable to the Company for its share of the benefits owed under the express contractual terms of the Reinsured Policies
and as specified under the terms of this Agreement. The Reinsurer will not participate in any ex gratia payments made by the Company (i.e., payments the Company is not required to make under the Reinsured policy terms.) The payment of death benefits
by the Reinsurer will be in one lump sum regardless of the mode of settlement under the Reinsured Policy. Benefit payments from the Reinsurer will be due within 30 days of the claim satisfying the requirements established under this Agreement. The
Reinsurer’s share of any interest payable under the terms of a Reinsured Policy or applicable law which is based on the death benefits paid by the Company, will be payable provided that the Reinsurer will not be liable for interest accruing on
or after the date of the Company’s payment of benefits. The Reinsurer’s share will be based upon the same interest rate and days used by the Company to calculate their interest paid. 

The Reinsurer will make payment to the Company for each such claim. 
  

	9.3	 Claims Practices 

It is the Company’s sole decision to determine whether to investigate, contest, compromise or litigate a claim; however, the Company is
responsible for investigating, contesting, compromising or litigating Reinsured Policy claims in accordance with applicable law and policy terms. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
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#06635US13)
	  		  	

 The Company acknowledges that it obtains certified death certificates for death claims, and
follows industry standard and investigates claims with any of the following criteria: 
  

	 	a)	 If the claim occurs within the contestable period as defined by the Reinsured Policy; or 

 

	 	b)	 If there is a reasonable question regarding the validity of the insured’s death or the authenticity of the
proofs of death; or 

  

	 	c)	 If the death occurs outside the United States or Canada; or 

 

	 	d)	 If the insured is missing or presumed dead; or 

 

	 	e)	 If there is a reasonable suspicion of fraud. 

A claim investigation generally includes confirming proof of death, medical records to validate the insured’s medical disclosures and, if
material, financial condition at the time of Policy application. Investigations may also include obtaining police reports, coroner’s reports, financial records, or other information that would be appropriate under the circumstances. 

The Company acknowledges that it does defend against claims meeting the following criteria: 

 

	 	f)	 If a material misrepresentation is found in the Policy application and the policy is within the contestable
period; or 

  

	 	g)	 If fraud is found and there is a legal remedy available; or 

 

	 	h)	 If there is insufficient proof of death; or 

 

	 	i)	 If the death does not qualify for accidental death benefits and a claim for such benefits has been made.

  

	9.4	 Contested Claims 

The Company will notify the Reinsurer promptly of its intention to investigate, contest, compromise, or litigate any claim involving a
Reinsured Policy (hereinafter a “ Contested Claim”). The Company will provide the Reinsurer all relevant information and documents in its possession, as such become available, pertaining to Contested Claims and will promptly report any
developments during the Reinsurer’s review. If the Reinsurer: 
  

	 	a)	 Does not support the contest of the Claim, the Reinsurer will pay the Company its full share of the reinsurance
benefit, and will not share in any subsequent reduction or increase in liability or in any subsequent expenses incurred by the Company; or 

  

	 	b)	 Supports the Company’s decision to contest the claim and the Contested Claim results in a reduction or
increase in liability, the Reinsurer will share in any reduction or increase in proportion to its share of the risk on the Contested Claim. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
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 If the Reinsurer supports the decision to contest the claim, the Company will promptly
advise the Reinsurer of all significant developments it has been made aware of, including notice of legal proceeding (including, but not limited to, consumer complaints or actions by governmental authorities) initiated in connection with the
Contested Claim. 
 If the Company returns premiums to the policy owner or beneficiary as a result of rescinding a policy, or if the Company
pays a suicide benefit, the Reinsurer will refund net reinsurance premiums received on that policy to the Company. 
  

	9.5	 Claims Expenses 

The Reinsurer will pay its share of reasonable investigation and legal expenses incurred in investigating, adjudicating or litigating a claim,
except as otherwise provided in this Agreement. The Reinsurer will not be liable for any routine investigative or administrative claim expenses (such as compensation of salaried employees) or for any expenses incurred in connection with conflicting
claims of entitlement to Reinsured Policy benefits that the Company admits are payable. 
  

	9.6	 Extra Contractual Obligations 

For purposes of this Agreement, “Extra Contractual Obligations” are any obligations or expenses other than contractual obligations
incurred by the Company, its affiliates, directors, officers, employees, agents or other representatives and arising under the express written terms and conditions of a policy, including but not limited to, punitive damages, bad faith damages,
compensatory damages, and other damages or fines or penalties which may arise from the acts, errors or omissions of the Company or its affiliates, directors, officers, employees, agents or other representatives. 

The Reinsurer is not liable for Extra Contractual Obligations associated with a contested claim unless it concurred in writing and in advance
with the claim actions which were the basis for the Extra Contractual Obligations, or where the claim was contested based on Section 9.3 f, g or h. In these situations, the Company and the Reinsurer will share in Extra Contractual Obligations; the
Reinsurer’s assessments would be in proportion to the risk accepted for the Reinsured Policy involved. 
 The Reinsurer will not be
liable for any Extra Contractual Obligations resulting from the Company’s failure to implement the agreed upon course of action, such as the filing of timely pleadings or meeting court or statutory deadlines, etc. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Article 10 
  

	10.1	 Errors and Omissions in Administration of Reinsurance 

Any unintentional or accidental failure to comply with the terms of this Agreement which can be shown to be the result of an oversight,
administrative system error, or clerical error relating to the administration of reinsurance by either party will not constitute a breach of this Agreement. Upon discovery, the error will be promptly corrected so that both parties are restored to
the position they would have occupied had the oversight, administrative system error, or clerical error not occured. In the event a payment is corrected, the party receiving the payment may charge interest, calculated according to the terms
specified in Exhibit C. Should it not be possible to restore both parties to this position, the party responsible for the oversight or clerical error will be responsible for any resulting liabilities and expenses. The Reinsurer will not be
responsible for deliberate acts of the Company or for recurring errors made by the Company. Both parties will use their best efforts to detect any oversight errors, administrative system errors, or clerical errors it believes are occurring,
and will promptly notify the other party of any such errors. 
 If the company has failed to cede reinsurance as provided under
this Agreement or has failed to comply with reporting requirements with respect to business ceded hereunder, the Reinsurer may require the Company to audit its records for similar errors and take reasonable actions necessary to correct errors and
avoid similar errors. Failing prompt correction, the Reinsurer may limit its liability to the correctly reported Reinsured Policies. 
  

	10.2	 Dispute Resolution 

As a condition to the parties’ right to arbitration under this Agreement, either the Company or the Reinsurer will give written
notification to the other party of any dispute relating to or arising from this Agreement, including, but not limited to, the formation or breach thereof. Within 45 days of notification, both parties must designate an officer of their respective
companies to attempt to resolve the dispute. The officers will meet at a mutually agreeable location as soon as possible and as often as necessary to attempt to negotiate a resolution of the dispute. During the negotiation process, all of reasonable
requests made for information concerning the dispute will be promptly honored. The format for discussions will be determined mutually by the officers. 

If these officers are unable to resolve the dispute within 30 days of their first meeting, the parties may agree in writing to extend the
negotiation period for an additional 30 days. If the matter is not resolved within 30 days of the first meeting or the additional 30 day period, if any, then either party may demand arbitration pursuant to Article 10.3. The discussion and all
information exchanged for the purposes of such discussions will be confidential and without prejudice. 
  

	10.3	 Arbitration 

Except with respect to disputes subject to the Expedited Dispute Resolution Process in Article 10.4, if the Company and Reinsurer are unable to
resolve any dispute arising from this Agreement, including but not limited to the formation or breach thereof, pursuant to Article 10.2, the matter will be referred to arbitration. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
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#06635US13)
	  		  	

 The arbitration will be conducted in accordance with the Procedures for Resolution of U.S.
Insurance and Reinsurance Disputes, Neutral Panel Version, April 2004 (the “Procedures”) available at www.arbitrationtaskforce.org, except as modified herein. 

The arbitration will be held in New York City or another place as the parties may mutually agree. The arbitration will be conducted before a
three person Panel qualified as: 
  

	 	a)	 Current or former officers of life insurance or reinsurance companies, or 

 

	 	b)	 Professionals with no less than 10 years of experience in or serving the life insurance or reinsurance
industries. 

 The parties will select such candidates from the ARIAS-US Certified
Arbitrators List available at www.ARIAS-US.org. 
 The customs and practices of the life
insurance end reinsurance industries may be considered by the Panel to resolve any ambiguities in the Agreement but only insofar as such customs and practices are consistent with the terms of this Agreement. The Panel will not have the
authority to award punitive or exemplary damages. 
 The Panel will award the remedy sought by the party seeking relief to the extent the
remedy is provided for in this Agreement or otherwise reasonably compensates the damaged party for the economic effect of any demonstrated breach. Such remedies may include, but will not be limited to, monetary damages, revisions to the terms of the
Agreement, including adjustments to premiums or allowances paid or to be paid, or any combination of the foregoing. 
 The Panel shall issue
an order, appropriate for confirmation in a court of competent jurisdiction to resolve all matters in dispute. In addition, the Panel shall issue a written opinion setting forth the reasons for the award, with citations to the record of the hearing
that support the reasoning. 
 The decision of the Panel will be final and binding upon the parties and their respective successors and
assigns. Each party hereby consents to the entry of a judgment confirming or enforcing the award in the United States District Court for the Southern District of New York and/or in any other court of competent jurisdiction. 

Within 20 days after the Transmittal of an award, either party, upon notice to the other party, may request the Panel to correct any clerical,
typographical, or computational errors in the award. The other party will be given ten days to respond to the request. The Panel will dispose of the request within 20 days of its receipt of such request and any response thereto. The Panel will not
be empowered to re-determine the merits of any claim already decided. 
 Each party will: 

 

	 	c)	 Bear its own fees and expenses in connection with the arbitration, including the fees of any outside counsel
and witness fees, and 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
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	 	d)	 Share equally in the fees for the members of the Panel and the costs of the arbitration, such as hearing rooms,
court reporters, etc. 

 It is the intent of the parties that these arbitration provisions replace and be in lieu of any
statutory arbitration provision, if permitted by law. 
  

	10.4	 Expedited Dispute Resolution Process 

The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in
this Article: 
  

	 	a)	 Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of
the amount in controversy; or 

  

	 	b)	 Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million.

 Arbitration proceedings under this Article will be commenced as specified in Article 10.3, and shall be subject to the
requirements of Article 10.3 to the extent they are not inconsistent with this Article. 
 The proceedings will be held before a single
neutral umpire meeting the qualifications set forth in Article 10.3. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the
ARIAS-US Certified Arbitrators List available at www.ARIAS-US.org. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. 

Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by
teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties
or ordered by the umpire for good cause. 
 Within 30 days of submission of briefs by the parties, the umpire will render a written award
which will be final and binding on the parties. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Article 11 
  

	11.1	 Insolvency 

A party to this Agreement will be deemed “insolvent” when it: 

 

	 	a)	 Applies for or consents to the appointment of a receiver, rehabilitator, conservator, liquidator or statutory
successor (hereinafter referred to as the Authorized Representative) of its properties of assets; or 

  

	 	b)	 Is adjudicated as bankrupt or insolvent; or 

 

	 	c)	 Files or consents to the filing of a petition in bankruptcy, seeks reorganization or an arrangement with
creditors or takes advantage of any bankruptcy, dissolution, liquidation, rehabilitation, conservation or similar law or statute; of 

  

	 	d)	 Becomes the subject of an order to rehabilitate or an order to liquidate as defined by the insurance code of
the jurisdiction of the party’s domicile. 

 In the event of the insolvency of the Company, all reinsurance ceded,
renewed or otherwise becoming effective under this Agreement will be Payable by the Reinsurer directly to the Company or to its Authorized Representative on the basis of the liability of the Company for benefits under the Reinsured Policies without
diminution because of the insolvency of the Company. 
 The Reinsurer will be liable only for benefits reinsured as benefits become due under
the terms of the Reinsured Policies and will not be or become liable for any amounts or reserves to be held by the Company as to the Reinsured Policies or for any damages or payments resulting from the termination or restructure of the Policies that
are not otherwise expressly covered by this Agreement. The Company or its Authorized Representative will give written notice to the Reinsurer of all pending claims against the Company on any Reinsured Policies within a reasonable time after filing
in the insolvency proceedings. While a claim is pending, the Reinsurer may investigate such claim and interpose, at its own expense, in the proceedings where the claim is to be adjudicated, any defense or defenses which it may deem available to the
Company or its Authorized Representative. 
 The expense incurred by the Reinsurer will be chargeable, subject to court approval, against the
Company as part of the expense of its insolvency proceedings to the extent of a proportionate share of the benefit which may accrue to the Company solely as a result of the defense undertaken by the Reinsurer. Where two or more reinsurers are
involved in the same claim and a majority in interest elect to interpose a defense to such claim, the expense will be apportioned in accordance with the terms of the Agreement as though such expense had been incurred by the Company. 

In the event of the insolvency of the Reinsurer, the Company may cancel this Agreement for new business by promptly providing the Reinsurer or
its Authorized Representative with written notice of cancellation, to be effective as of the date on which the Reinsurer’s insolvency is established by the authority responsible for such determination, as long as written notice is provided by
Reinsurer within 90 days of the action resulting in the insolvency or Reinsurer 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
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#06635US13)
	  		  	

 In addition, in the event of the insolvency of the Reinsurer, the Company may provide the
Reinsurer or its Authorized Representative with written notice of its intent to recapture all reinsurance in force under this Agreement regardless of the duration the reinsurance has been in force or the amount retained by the Company on the
Reinsured Policies. The effective date of a recapture due to insolvency will be at the election of the Company but may not be earlier than the date on which the Reinsurer’s insolvency is established by the authority responsible for such
determination. If the Company elects to recapture reinsurance under this Article, the appropriate amount of benefit reserves to be held in respect of the reinsured amounts being recaptured will be paid by the party with the positive balance,
determined as of the effective date of the recapture, based on U.S. generally accepted accounting principles (“GAAP”) consistent with FASB Accounting Standard Codification Topic 944, Financial Services—Insurance computed using the
Reinsurer’s original pricing assumptions without provision for adverse deviation, less any amount of unamortized deferred acquisition cost assets related thereto and excluding any provisions for adverse deviations or similar deficiency or
special reserves, net of outstanding balances. 
 In the event of the insolvency of either party, the rights or remedies of this Agreement
will remain in full force and effect. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Article 12 
  

	12.1	 DAC Tax Election (If applicable to the Company) 

The Company and the Reinsurer agree to the election pursuant to Section 1.848-2(g)(8) of the
Income Tax Regulations effective December 29, 1992, under Section 848 of the Internal Revenue Code of 1986, as amended (such election being referred to as the “DAC Tax Election”), whereby: 

 

	 	a)	 The party with the net positive consideration for this Agreement for each taxable year will capitalize
specified policy acquisition expenses with respect to this Agreement without regard to the general deductions limitation of Section 848(c)(1) of the Internal Revenue Code of 1986, as amended the “Code”); 

 

	 	b)	 The parties agree to exchange information pertaining to the amount of net consideration under this Agreement
each year to ensure consistency. If requested, the Company will provide supporting information reasonably requested by the Reinsurer. (The term “net consideration” means “net consideration” as defined in Regulation Section 1.848-2(f); 

  

	 	c)	 This DAC Tax Election will be effective for the first taxable year in which this Agreement is effective and for
all years for which this Agreement remains in effect. 

 The Company and the Reinsurer will each attach a schedule to their
respective federal income tax returns filed for the first taxable year for which this DAC Tax Election is effective. Such schedule will identify the Agreement as a reinsurance agreement for which the DAC Tax Election under Regulation
Section 1.848-2(g)(8) has been made. 
 The Company and the Reinsurer represent and warrant that each is respectively subject to U.S.
taxation under either the provisions of subchapter L of Chapter 1 or the provisions of subpart F of subchapter N of Chapter 1 of the Code. 
  

	12.2	 Taxes and Expenses 

No taxes, allowances, or expense will be paid by the Reinsurer to the Company for any Reinsured Policy, except as specifically referred to in
this Agreement. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Article 13 
  

	13.1	 Entire Agreement 

This Agreement and the Exhibits hereto constitute the entire agreement between the parties with respect to the business reinsured hereunder and
supersede any and all prior representations, warranties, prior agreements or understandings between the parties pertaining to the subject matter of this agreement. There are no understandings between the parties other than as expressed in this
Agreement and the Exhibits hereto. In the event of any express conflict between the Agreement and the Exhibits hereto, the Exhibits hereto will control. 

Any change or modification to this Agreement and the Exhibits hereto will be null and void unless made by written amendment and signed by both
parties. 
  

	13.2	 Inspection of Records 

The Reinsurer or its duly appointed representatives will have access to records of the Company, whether written or electronic, and including
system view access, concerning the business reinsured hereunder for the purpose of inspecting, auditing and photocopying those records. Such access will be provided at the office of the Company and will be during reasonable business hours. Assuming
the Reinsurer has continued to perform the undisputed portion of its obligations under this Agreement, the Company may not withhold access to information and records on the grounds that the Reinsurer is in breach. Reinsurer will pay all costs (such
salaries of Reinsurer’s employees, costs of any consultants Reinsurer uses, travel costs for any individuals Reinsurer involves, etc.) of any audits it undertakes. 

The Reinsurer’s right of access as specified above will survive until all of the Reinsurer’s obligations under this Agreement have
terminated or been fully discharged. 
  

	13.3	 Utmost Good Faith 

All matters with respect to this Agreement require the utmost good faith of each of the parties. 

 

	13.4	 Confidentiality 

The parties will keep confidential and not disclose or make competitive use of any shared Proprietary Information, as defined below, unless:

  

	 	a)	 The information becomes publicly available or is obtained other than through unauthorized disclosure by the
party seeking to disclose or use such information; 

  

	 	b)	 The information is independently developed by the recipient; 

 

	 	c)	 The disclosure is required for the purpose of any reinsurance, retrocession, securitization, or structured,
asset-backed or asset-based financing; or 

  

	 	d)	 The disclosure is required by law. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 “Proprietary Information” includes, but is not limited to, underwriting manuals
and guidelines, applications, contract forms, and premium rates and allowances of the Reinsurer and the Company, but shall not include the existence of this Agreement and the identity of the parties. Nothing herein shall preclude either party from
using Proprietary Information for ordinary business operations or developing pricing models and actuarial analyses. Additionally, Proprietary Information may be shared by either party on a need-to-know basis with its employees, affiliates, third
party service providers, auditors, consultants or retrocessionaires, or in connection with the dispute process specified in this Agreement. 

In addition, the Reinsurer and its representatives and service providers will protect the confidentiality and security of Non-Public Personal
Information, as defined below, by: 
  

	 	e)	 Holding all Non-Public Personal Information in strict confidence;

  

	 	f)	 Maintaining appropriate measures that are designed to protect the security, integrity and confidentiality of Non-Public Personal Information; 

  

	 	g)	 Disclosing and using Non-Public Personal Information received under
this Agreement for purposes of carrying out the Reinsurer’s obligations under this Agreement, for purposes of retrocession, or as may be required or permitted by law. 

“Non-Public Personal Information” is personally identifiable medical, financial, and other
personal information about proposed, current and former applicants, policy owners, contract holders, insureds, annuitants, claimants, and beneficiaries of Reinsured Policies or contracts issued by the Company, and their representatives, that is not
publicly available. Non-Public Personal Information does not include de-identified personal data, i.e., information that does not identify, or could not reasonably be
associated with, an individual. 
 The Company will obtain, as required by law, appropriate consents from its insureds to enable the parties
to fully exercise their rights and perform their obligations under this Agreement. 
  

	13.5	 OFAC Compliance 

The parties represent that they are using, and shall use, best efforts to continue to be in compliance with all laws, regulations, judicial and
administrative orders applicable to the Reinsured Policies as they pertain to the sanction laws administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”), as such laws may be amended from time to time
(collectively the “Laws”). Neither party shall be required to take any action under this Agreement that would violate said Laws, including, but not limited to, making any payments in violation of the Laws. 

Should either party discover or otherwise become aware that a reinsurance transaction has been entered into or a payment has been made in
violation of the Laws, the party who first becomes aware of the violation of the Laws shall notify the other party, and the parties shall cooperate in order to take all necessary corrective actions. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 The parties agree that such reinsurance transaction shall be null, void and of no effect
from its inception, to the same extent as if the reinsurance transaction had never been entered into. In such event, each party shall be restored to the position it would have occupied if the violation had not occurred, including the return of any
payments received, unless prohibited by law. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Article 14 
  

	14.1	 Representations and Warranties 

The Company makes no representations and warranties as to the future experience or profitability arising from the Reinsured Policies. 

Each party represents and warrants that as of the Effective Date of this Agreement and at the time of executing this Agreement, if later, it is
solvent on a statutory basis in all states in which it does business or is licensed. 
 “Material” or “materially” for
purposes of Articles 14 and 15 will mean facts that a prudent reinsurer or insurer would consider as reasonably likely to affect the Reinsurer’s experience under the Agreement. Prior to the execution of this Agreement, the Company has provided
to the Reinsurer the Business Guidelines for use in its assessment of the risks covered hereunder. The Company represents and warrants that, to the best of its knowledge: 
  

	 	a)	 It has disclosed to the Reinsurer all information which is material to the risks being assumed hereunder; and

  

	 	b)	 The Business Guidelines were complete and accurate when disclosed; and 

 

	 	c)	 There has been no material change in the Business Guidelines between the “as of” dates of the
information and the date of Agreement execution. 

 This Article will not terminate or expire until all Reinsured Policies
have been discharged or terminated in full. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Article 15 
  

	15.1	 Business Continuity 

All Reinsured Policies will be issued and administered in accordance with the Business Guidelines. The Company will notify the Reinsurer of any
change that materially affects the reinsured business, including changes to the Business Guidelines. This Agreement will not cover policies affected by such changes unless the Reinsurer has agreed in writing and in advance with the changes.
Outsourcing of underwriting functions, administrative functions or claims administration with respect to the Reinsured Policies will constitute a material change. If the Reinsurer agrees to accept policies affected by the outsourcing, the Company
will secure the Reinsurer’s right to audit and inspect the party performing such outsourced services. 
 If Reinsured Policies are not
covered due to an unapproved material change, all payments between the Company and the Reinsurer with respect to the affected Policies shall be refunded, excluding items relating to reserves or interest on reserves. No liability shall remain with
the Reinsurer with respect to such Policies. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Article 16 
  

	16.1	 Duration of Agreement 

This Agreement is unlimited as to its duration. 

The Reinsurer or the Company may terminate this Agreement or any plan listed in Exhibit A with respect to the reinsurance of new business by
giving at least 60 days’ written notice of termination to the other party or pursuant to Article 15.1 or Article 17.1 of this Agreement. During the 60 day notification period, the Company will continue to cede and the Reinsurer will continue to
accept policies covered under the terms of this Agreement. 
 The Reinsurer remains liable for all Reinsured Policies in force as of the date
of the termination, until their natural expiration, unless the parties mutually decide otherwise or as specified otherwise in this Agreement. All provisions of this Agreement will survive its termination to the extent necessary to carry out its
purpose. 
  

	16.2	 Severability 

Determination that any provision of this Agreement is invalid or unenforceable will not affect or impair the validity or the enforceability of
the remaining provisions of this Agreement. 
  

	16.3	 Construction 

This Agreement will be construed and administered without regard to authorship and without any presumption or rule of construction in favor of
either party. This Agreement is between sophisticated parties, each of which has reviewed the Agreement and is fully knowledgeable about its terms and conditions. 
  

	16.4	 Credit for Reinsurance 

The parties intend that the Company will receive statutory reserve credit in its state of domicile for reinsurance provided under this
Agreement. The parties agree to use reasonable efforts to ensure that such reserve credit will remain available to the Company. 
  

	16.5	 Non-Waiver 

A waiver by either party of any violation, or the default by the other party in its adherence to any term of this Agreement, will not
constitute a waiver of any other or subsequent violation or default. No prior transaction or dealing between the parties will establish any custom, usage or precedent waiving or modifying any provision of the Agreement. The failure of either party
to enforce any part of this Agreement will not constitute a waiver of any right to do so. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

	16.6	 Retrocession 

The Reinsurer may reinsure or retrocede any risks or business assumed hereunder. 

 

	16.7	 Governing Law 

This Agreement shall be governed by the laws of the State of Illinois. 

 

	16.8	 Interest 

Each party reserves the right to charge interest on undisputed overdue balances, pursuant to the terms of this Agreement. If applicable,
interest will be calculated according to the terms specified in Exhibit C. 
  

	16.9	 Counterparts 

This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one Agreement, and any of the
parties hereto may execute this Agreement by signing any such counterpart. When this Agreement has been fully executed by the Company and the Reinsurer, it will become effective as of the Effective Date specified in Exhibit A. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Article 17 
  

	17.1	 Financial Conditions 

If the Company’s surplus falls below 300% of the authorized control level, as such RBC control level is defined at inception of this
Agreement, or the Company’s statutory capital and surplus falls below $100,000,000, then the following actions will occur: 
  

	 	a)	 The Reinsurer’s right to terminate this Agreement for new business will be reduced from sixty
(60) days to thirty (30) days. 

  

	 	b)	 For new business written after the trigger event, the allowance structure will move to that outlined in Exhibit
C-1, item 14, Special Conditions, Reinsurance Allowance Structure. 

 The Company agrees to notify the Reinsurer within
fifteen (15) business days of the occurrence of a triggering event. In addition, the Company agrees to provide quarterly estimates of RBC control level and statutory capital and surplus levels. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Execution 

This Agreement has been made in duplicate and hereby executed by both parties. 

Signed for and on behalf of Fidelity Life Association, A Legal Reserve Life Insurance Company 

									
					
	By:	 	 /s/ Jim Harkensee
	 		 	By:	 	 /s/ Marc Cagen

	Title:	 	 President & COO
	 		 	Title:	 	 Financial Actuary

	Date:	 	12/27/2013	 		 	Place:	 	12/27/13 Chicago, IL

 Signed for and on behalf of Swiss Re Life & Health America Inc. 

									
					
	By:	 	UNDICIPHERABLE	 		 	By:	 	UNDICIPHERABLE
	Title:	 	SVP	 		 	Title:	 	SVP
	Date:	 	12/26/2013	 		 	Place:	 	 Fort Wayne, IN

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Exhibit A 

Business Covered 
 Agreement Effective Date: 

June 1, 2013. The commencement dates for specific plans are shown below. 

Coverage: 
 The policy and riders shown below which have
policy issue dates falling in the period that begins with the Commencement Date and ends with the Termination Date and that qualify for automatic reinsurance are covered according to the Basis specified below, provided that the riders are issued to
citizens of the United States or legal permanent residents thereof. 
 Basis: 

90% on a First Dollar Quota Share basis up to $450,000 per insured (100% of the total reinsurance) to the maximum Automatic Acceptance Limits stated in Exhibit
E. 
 Company’s State of Domicile: Illinois 
  

							
	Plan/Rider Identification	  	Exhibit Reference
for Rates	  	Commencement
Date	  	Termination
Date
	 Accidental Death Benefit Rider Policy
	  	C-1	  	June 1, 20l3	  	
	 Optional Family Accidental Death Benefit Rider attached to Accidental Death Benefit
Policy
	  	C-1	  	June 1, 2013	  	
	 Optional Inflation Rider attached to Accidental Death Benefit Policy
	  	C-1	  	June 1, 2013	  	

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Exhibit A-1 

Business Guidelines 
 The Company affirms that the
following have been supplied to the Reinsurer and are in use as of the effective date of this Agreement: 
  

	1.	 Policy Form(s) 

  

	2.	 Policy Application Form(s) 

 

	3.	 Supplemental Benefit and Rider Form(s) 

 

	4.	 Premium Rates 

  

	5.	 Underwriting Guidelines/Rules 

 

	6.	 Preferred Underwriting Criteria or Rules 

 

	7.	 Conversion Rules 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Exhibit B 

Reinsurance Application 
 Not applicable. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Exhibit C 

General Terms 
  

	1.	 Premium Tax: 

The Reinsurer will not reimburse the Company for premium taxes. 
  

	2.	 Dividend Payments: 

The Reinsurer will not reimburse the Company for dividends paid to policyholders. 

 

	3.	 Policy Loans: 

The Reinsurer Will not participate in policy loans or other forms of indebtedness as respects the Reinsured Policies. 

 

	4.	 Cash Surrender Values: 

Not applicable for reinsurance. 
  

	5.	 Interest Calculation on Late Payments: Interest will accrue from the due date at a rate equal to the
Three Month London Interbank Offering Rate (LIBOR) as published in the Wall Street Journal (or if not available, a comparable publication) on the due date or, if the due date is not a business day, on the next business day after the due date, plus
50 basis points per annum to be compounded and adjusted every three months after such due date. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Exhibit C-1 

Rates and Terms for Accidental Death Benefit Rider Policy 

Optional Family Accidental Death Benefit Rider 

Optional Inflation Rider 
  

	1.	 Reinsurance Structure: Coinsurance 

 

	2.	 Age Basis: Age Last Birthday 

 

	3.	 Premium Mode: Reinsurance premium mode will follow the premium mode of the underlying policy.

  

	4.	 Billing Frequency: Monthly 

 

	5.	 Gross Reinsurance Premiums: 

Reinsurance Premiums will be the appropriate quota share of the gross rate of premium charged by the Company, as shown below: 

 

									
	 Rider
	  	Rate per
$1,000	 	  	Policy
Fee	 
	 ADB Rider (Face amounts under $100,000)
	  	$	1.04	 	  	$	50.00	 
	 ADB Rider (Face amounts over $100,000)
	  	$	0.99	 	  	$	55.00	 
	 Optional Family ADB Rider
	  	$	0.45	 	  	 	N/A	 
	 Optional Inflation Rider (without Family ADB Rider)
	  	$	0.17	 	  	 	N/A	 
	 Optional Inflation Rider (with Family ADB Rider)
	  	$	0.22	 	  	 	N/A	 

 The modal loading for the above gross premium rates is specified below: 

 

	
	 Modal Factors

	 Annual, multiply 1.00

	 Semi-Annual, multiply 0.52

	 Quarterly, multiply 0.28

	 Monthly, multiply 0.087

  

	6.	 Reinsurance Allowances: 

The Reinsurer agrees to pay allowances for reinsurance ceded under this Agreement equal to the gross reinsurance premium times the appropriate
allowance from the following table: 
  

					
	 Issue Age
	  	 First Year
	 	 Renewal Years

	 20 – 29
	  	125%	 	27%
	 30 – 39
	  	125%	 	39%
	 40 – 49
	  	125%	 	39%
	 50 – 59
	  	125%	 	29%
	 60 – 65
	  	125%	 	13%

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Exhibit C-1 

Page 2 
  

 

	7.	 Policy Fee: 

The Company will pay the Reinsurer its share of the annual policy fee, subject to a 100% allowance in all years. 

 

	8.	 Cancellation: 

On and after January 1, 2014, either party may cancel new business with sixty (60) days’ prior written notice. 

 

	9.	 Reinsured Net Amounts At Risk: 

The net amount at risk will be based on the reinsured face amount; the products reinsured hereunder have no cash surrender values 

 

	10.	 Rate Basis: 

The rates in this subsection are on a non-participating basis. 

 

	11.	 Rate Guarantee: 

The Company’s direct premiums are fully guaranteed for the life of the policy. Likewise, the reinsurance allowances set out in this
Exhibit are guaranteed for the life of the policy. 
  

	12.	 Minimum Recapture Period: 

Recapture not available. 
  

	13.	 Conditions Requiring Claims Consultation: Before conceding liability or making settlement to the
claimant, the Company will seek the Reinsurer’s recommendation if: 

  

	 	a)	 The Claim occurs during the contestable period and the Company is not contesting the claim; or

  

	 	b)	 The death occurs outside of the United States or Canada; or 

 

	 	c)	 The claim is one for which there is no body, i.e. the insured is missing and presumed dead.

  

	14.	 Special Conditions: 

Agreement Terms: The Reinsurer and the Company will revisit the terms of the Agreement prior to July 1, 2014 to consider
product changes under consideration by the Company and to further evaluate the volume and distribution of the business sold in 2014. 

Experience data: The Company agrees to periodically provide updated distribution, lapse and mortality experience data upon request. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
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#06635US13)
	  		  	

 Exhibit C-1 

Page 3 
  

 

	14.	 Special Conditions: 

Volume Limitations: This Agreement has been approved for new business issued from June 1, 2013 forward, subject to a cap on base
policy new business issues of $15,000,000,000. If new business issues reach this limit, then all additional new business will move to the reinsurance allowance structure described below. 

Administration: The Company and the Reinsurer agree to exercise best efforts to get reinsurance administration fully implemented
prior to April 1, 2014. If reinsurance administration is not in place by July 1, 2014, all future reinsurance will move to the reinsurance allowance structure described below. 

Reinsurance Allowance Structure: If any of the conditions described in Article 17.1, Financial Conditions, Exhibit C-l, item 14, Volume Limitations, or Exhibit C-1, item 14, Administration, are met, the following reinsurance allowance structure will be used: 

 

					
	 Issue Age
	  	 First Year
	 	 Renewal Years

	 20 – 29
	  	100%	 	36%
	 30 – 39
	  	100%	 	45%
	 40 – 49
	  	100%	 	46%
	 50 – 59
	  	100%	 	41%
	 60 – 65
	  	100%	 	18%

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Exhibit D 

The Company’s Retention Limits 
 The Company will
retain 10% of each Reinsured Policy. This applies to all business reinsured under this Agreement. 
 It is understood that the amount retained
by the Company includes its retention under any in force policies without the benefit of other reinsurance. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Exhibit E 

Automatic Issue and Acceptance Limits 
 The total Automatic
Issue Amounts available to the Company on a per life basis for the Accidental Death Benefit Rider will be as follows: 
 $500,000 

The Reinsurer will automatically accept 90% of each Policy, not to exceed the limits specified below on a per life basis. 

$450,000 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Exhibit F 

Reinsurance Reports 
 The Company acknowledges that timely
and correct compliance with the reporting requirements of this Agreement are a material element of the Company’s responsibilities hereunder and an important basis of the Reinsurer’s ability to reinsure the risks hereunder. Consistent and
material non-compliance with reporting requirements, including extended delays, will constitute a material breach of the terms of this Agreement. 

Remittance Reporting: 
 The Company will self-administer
reinsurance transactions. Reinsurance premiums are payable as specified in the Premium Mode provision of Exhibit C-1. During each accounting period, as defined below, the Company will report to the Reinsurer
all first year and renewal premiums which became due during the previous accounting period. Reporting of business transactions should begin within 90 days of the latter of the effective date or the execution date of the Agreement, including policies
with zero first year premium. Any adjustments made necessary by changes in reinsurance effective during a previous accounting period will also be reported. 

The Company will take credit, without interest, for any unearned premiums arising due to reductions, cancellations or death claims. The unearned premiums
refunded will be net of allowances and policy fees. 
 The Company will pay the balance of premiums in arrears due under a reinstated Reinsured Policy. 

If a net balance is due to the Reinsurer, the Company will forward a remittance in settlement with its report. If the net balance is due to the Company, the
Reinsurer will forward a remittance in settlement within 30 days of receipt of the report. 
 Report Requirements: 

The Company will send to the Reinsurer the following reports electronically, by the times indicated below: 

 

							
	 	  	Report	  	Accounting Period	  	Due Date
	1.	  	 New Business
 (New issues only-first time

policy reported to the Reinsurer)
	  	Monthly	  	21st day after month end
				
	2.	  	 Renewal Business
 (Policies with renewal dates
within Accounting Period)
	  	Monthly	  	21st day after month end
				
	3.	  	 Changes & Terminations
 (including
conversion replacements reinstatements, increases, decreases, recaptures, lapses, claims, etc.)
	  	Monthly	  	21st day after month end
				
	4.	  	 Inforce List
 (Listing of each policy
force)
	  	Quarterly	  	21st day after quarter end

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Exhibit F 

Page 2 
  

 

							
	5.	  	 Accounting Information
 (only required for Paper
Reporting) (See Exhibit F-1 for Sample Summary Reporting Form, Section I)
	  	Monthly	  	21st day after month end
				
	6.	  	 Statutory Reserves
 (See Exhibit F-1 for Sample
Summary Reporting Form, Section II)
	  	Quarterly	  	21st day after quarter end
				
	7.	  	 Policy Exhibit
 (only required for Paper
Reporting) (See Exhibit F-1 for Sample Summary Reporting Form, Section III)
	  	Monthly	  	21st day after month end
				
	8.	  	 Valuation Reserve
 Certification

(See Exhibit F-2 for Sample)
	  	Annually	  	October 31st
				
	9.	  	 Tax Reserve Certification
 (See Exhibit F-3 for Sample)
	  	Annually	  	June 1st

 Minimum Data Requirements for Electronic Administration; 

Policy record details for new business, renewal business and changes and terminations (Reports #1, 2 and 3 in Report Requirements, above) may be reported as
separate reports or combined into one report, hereinafter referred to as the Billings and Transactions Report. Nonetheless, the data elements specified below for the Billings and Transactions Report must be provided for each reported record. 

Billings and Transactions Report: 
  

			
	 General
	  	
		
	 1.  Reporting Period Dates
	  	Specifies the beginning and ending date of the reporting period represented on the statement file.
		
	Insured Data	  	
		
	 2.  Last Name
	  	Represents the surname or family name of the insured; must be specified for each insured on Joint policy types: name fields are required to be parsed out into listed components
		
	 3.  First Name
	  	Represents the given name of the insured; must be specified for each insured on joint policy types; name fields are required to be parsed out into these listed components.
		
	 4.  Middle Name or Middle Initial (if available)
	  	Represents the middle name of the insured; must be specified for each insured on joint policy types; name fields are required to be parsed out into these listed components.

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Exhibit F 

Page 3 
  

 

			
	 5.  Date of Birth
	  	Specifies the date on which the insured was born; this field must be provided on, each insured on a joint policy.
		
	 6.  Sex
	  	Indicates the gender of the insured; this field must be provided on each insured on a joint policy.
		
	 7.  Tobacco Use Code
	  	Indicates whether the insured is a smoker or user of tobacco products.
		
	 8.  Rating
	  	Indicates whether the insured is standard, substandard, or uninsurable.
		
	 9.  Residence
	  	State, province, or other geographical code that indicates where the insured resides.
		
	 10.  Insured Sequence Number
	  	Specifies the number assigned by the ceding company to delineate one insured from another on a policy with multiple insureds.
		
	 Coverage Data
	  	
		
	 11.  Currency
	  	Indicates the currency to be applied in calculating monetary amounts, if currency within this treaty is a variable on a by policy basis.
		
	 12.  Reinsurance Method
	  	Indicates whether the policy is being ceded on an automatic or facultative basis.
		
	 13.  Policy Number
	  	Specifies the number assigned by the ceding company to the policy record.
		
	 14.  Coverage Sequence Number
	  	Specifies the number assigned by the ceding company to delineate one coverage or benefit from another on a policy with multiple coverages or benefits.
		
	 15.  Issue Date
	  	The date the policy or benefit was issued.
		
	 16.  Reinsurance Effective Date (if different than issue date)
	  	Specifies the date upon which the reinsurance coverage goes into effect, if it goes into effect on a date other than the issue date. Can also be used to specify the Original Policy Issue Date on a contractual policy
conversion.
		
	 17.  Plan Code
	  	Specifies the plan of insurance being provided to the insured; there must be a separate plan code for each coverage.
		
	 18.  Joint Life Indicator
	  	Indicates that the coverage is a joint coverage and that multiple lives are involved with the coverage.
		
	 19.  Smoker Code
	  	Indicates that the coverage has been issued at either non-smoker or smoker rates.
		
	 20.  Preferred Risk Class
	  	Indicates the level of classification between the preferred and standard categories; there may be more than one level of the preferred classification available, and this will indicate the specific level for this policy.
		
	 21.  Mortality Rating
	  	Specifies the exact rating assigned to the policy; premium rates will be based on this rating; this rating is generally expressed as a percentage.
		
	 22.  Flat Extra Rate
	  	Specifies a flat rate par thousand to be changed on the policy.
		
	 23.  Flat Extra Duration
	  	Specifies the number of years that the flat extra rating will be charged.

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Exhibit F 

Page 4 
  

			
	 24.  Direct Face Amount
	  	Specifies the face amount of the benefit issued to the insured before the purchase of any reinsurance.
		
	 25.  Reinsured Face Amount
	  	Specifies the face amount of the reinsurance purchased.
		
	 26.  Reinsured Amount at Risk
	  	Specifies the net amount at risk for the current year’s reinsurance benefits.
		
	 27.  Death Benefit Option
	  	Specifies the option used to calculate the policy net amount at risk on Universal Life products only.
		
	 28.  Coverage Maturity or Expiry Date
	  	Specifies the date on which the insurance coverage will cease, based on the type or plan issued to the insured.
		
	 29.  Issue Age
	  	From date of issue, the age at which premiums will be charged when the case does not use a rated age.
		
	 30.  Rated Age
	  	From the date of issue, the age at which premiums will be charged when the age is increased for substandard reasons, or when the age is an equivalent age for joint products.
		
	 31.  Transaction Code
	  	Indicates the specific action that has occurred to cause a policy to appear on the billing or transaction report, such as New Business, Renewal, Lapse, Death etc.
		
	 32.  Transaction Effective Date
	  	Specifies the date on which the transaction is applied to the insured’s policy.
		
	 33.  Standard Premium
	  	The premium to be paid for the reinsured benefit; this must be specified for each benefit provided on a policy record.
		
	 34.  Substandard Premium
	  	In the event that a mortality rating has been assigned, this is the substandard portion of the premium to be paid for the reinsured benefit; this must be specified for each benefit provided on a polity record.
		
	 35.  Flat Extra Premium
	  	The premium to be paid the reinsurer for any flat extra premiums assigned to the policy.
		
	 36.  Fees
	  	Any additional fees to be charged, such as policy fees
		
	 37.  Standard Allowance
	  	The allowance to be taken for the reinsured benefit; this must be specified for each benefit provided on a policy record.
		
	 38.  Substandard Allowance
	  	In the event that a mortality rating has been assigned, this is the portion of the allowance to be taken for the substandard premium; this must be specified for each benefit provided on a policy record.
		
	 39.  Flat Extra Allowance
	  	In the event a flat extra rating has bean assigned to the policy, this is the portion of the allowance to be taken on the flat extra premium; this must be specified for each flat extra premium provided on a policy record.
		
	 40.  Fee Allowance
	  	The allowance to be taken for any fees paid on the record.
		
	 41.  Underwriting Method (mandatory if Agreement covers policies with less than
full underwriting
	  	The underwriting method applies to the reinsured policies, i.e., Simplified or Guaranteed Issue

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Exhibit F 

Page 5 
  

Inforce List: 
 As required, a Complete listing of all
policy records considered to be in force under this Agreement must also provided to the Reinsure [Report # 4 in Report Requirements, above). Each record on the Inforce List must contain data element 1-30, as
specified in the above listing of data requirements. 
 Reporting System: The System used by the Company to administer its reinsurance is: TAI. 

The Company will inform the Reinsurer at least one reporting period in advance of any change in the reporting format or data prior to prior to its use in
reports to the Reinsurer. The Company will provide the Reinsurer with a test file containing such a change prior to its implementation in he production of reports. 

Additional Information: 
 Upon request, the Company will
promptly provide the Reinsurer with any additional Information related to the Reinsured Policies and which the Reinsurer requires in order to complete its financial statements. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

  
 Exhibit F-1 

Swiss Re Life & Health America Inc. 

SELF ADMINISTERED REINSURANCE SUMMARY REPORTING FORM 
  

			
	Ceding
Company                                        
                            	  	Reinsurer                                    
                                         
   
		
	Treaty/Account #                                  
                                  	  	Period Experience is
for                                        
                 
		
	Coin        YRT        Mod
Co        Other        	  	Interest Sensitive: Yes         No        

 

													
	Reinsurance Premium Mode:	  	Monthly        	  	Quaterly        	  	Annual        	  	In Advance        	  	In Arrears        
						
	Reinsurance Reporting Mode:	  	Monthly        	  	Quaterly        	  	Annual        	  		  	

  

					
	Contact                                    
                    	  	Date                                    
	  	Phone
#                                

  

															
	SECTION I - ACCOUNTING
					
	 	  	 	  	 * * Premiums * *
	  	 * * Allowances Other * *
	  	 Total

	 	  	 	  	 First Year
	  	 Renewal Year
	  	 First Year
	  	 Renewal Year Benefit

	 Life
	  		  		  		  		  		  	
	 ADB
	  		  		  		  		  		  	
	 Waiver of Premium
	  		  		  		  		  		  	
	 TOTAL
	  		  		  		  		  		  	
	
	SECTION II - RESERVE INFORMATION
			
	 Amount of Rein (000)
	  	 Issue

Year
	  	 Reserves Reinsured

	 Life
	  	 ADB
	  	 Life
	  	 ADB
	  	 Waiver
	  	 Subst’d
	  	 Deficiency

		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
	
	SECTION III - POLICY EXHIBIT INFORMATION
						
	 	  	 	  	 	  	 Current Period
	  	 	  	 Year to Date

	 	  	 	  	 	  	 No. of
Policies
	  	 Amt. of *
Rein (000)
	  	 	  	 No. of
Policies
	  	 Amt. of *
Rein (000)

	 A. In force Beg. of Period
	  		  		  		  	A.	  		  	
	 1.  New Business
	  	Auto Fac	  		  		  	1. Auto Fac	  		  	
	 2.  Conversions/ Replacements - On
	  		  		  		  	2.	  		  	
	 3.  Reinstatements
	  		  		  		  	3.	  		  	
	 4.  Other Increases
	  		  		  		  	4.	  		  	
	 5.  Not Takens

a) Total Inc (1+2+3+4-5)
	  		  		  		  	 5.
   a)
	  		  	
	 6.  Death
	  		  		  		  	6.	  		  	
	 7.  Conversions/Replacements- Off
	  		  		  		  	7.	  		  	
	 8.  Lapses
	  		  		  		  	8.	  		  	
	 9.  Surrenders
	  		  		  		  	9.	  		  	
	 10.  Expiry
	  		  		  		  	10.	  		  	
	 11.  Recapture
	  		  		  		  	11.	  		  	
	 12.  Other Decreases

b) Total Dec (6+7+8+9+10+11+12)
	  		  		  		  	 12.
   b)
	  		  	
	 B. In force End of Period (A + a-b)
	  		  		  		  	B.	  		  	

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

  
 Exhibit F-2 

Valuation Reserve for Self-Administered Business Ceded to Swiss Re Life & Health America Inc. from Fidelity Life Association, A Legal Reserve Life
Insurance Company 
  

			
	In force and Reserves at	  	200x:
		
	Plan:	  	Type: SM/NSM/AGGR/TOTAL
		
	In force Reinsured Amount:                    	  	
		
	In force Number of Reinsured Policies:                    	  	
		
	Valuation Reserve as at	  	200x:

  

					
	Type	  	 Reserve

Amount ($)
	  	 Reserve Basis

(Table, interest
 rate and
method)

	Active Life Reserve	  		  	
	Unearned Premium Reserve	  		  	
	Disabled Life Reserve	  		  	
	Liability for Incurred But Not Reported Claims (IBNR)
	Liability for Due and Unpaid Claims	  		  	
	Liability for claims in Course of Settlement	  		  	
	Other** (specify)	  		  	
	Total	  		  	

 ** If credit for deficiency reserves is being taken, please specify under “other”. 

As the valuation actuary of the above named company I certify that the information above is correct as shown. * 

Name: 
 Signature: 

Actuarial Designation: 
 Title: 

Date: 
  

	*	 Required only for Year End Valuation Reserves. 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Exhibit F-3 

Tax Reserve Certification for Self Administered Business Ceded to Swiss Re Life & Health America Inc. from Fidelity Life Association, A Legal
Reserve Life Insurance Company 
  

			
	In force and Reserves at December 31, 200x:	  	
		
	Plan:	  	Type: SM/NSM/AGGR/TOTAL
		
	In force Reinsured Amount:                    	  	
		
	In force Number of Reinsured Policies:                        	  	
		
	Tax Reserve as at December 31, 200x:	  	

  

					
	Type	 	 Reserve

Amount($)
	  	Reserve Basis
(Table, interest
rata and method)
	Active Life Reserve	 		  	
	Unearned Premium Reserve	 		  	
	Disabled Life Reserve	 		  	
	Liability for incurred But Not Reported Claims (IBNR)	 		  	
	Liability for Due and Unpaid Claims	 		  	
	Liability for Claims In Course of Settlement	 		  	
	Other** (specify)	 		  	
	Total	 		  	

  

	**	 If credit for deficiency reserves is being taken, please specify under ‘other”.

 As the valuation actuary of the above named company 1 certify that the information above is 

correct as shown. 
 Name: 

Signature: 
 Actuarial Designation: 

Title: 
 Date: 

  

					
	 I478580US-13 (06-01-2013) Stand-alone ADB
 (QT
#06635US13)
	  		  	

 Amendment 1 to the Automatic Self-Administered Accidental Death Benefit Rider Policy Coinsurance Reinsurance
Agreement I478580US-13 effective June 1, 2013, between FIDELITY LIFE ASSOCIATION, A LEGAL RESERVE LIFE INSURANCE COMPANY of Chicago, Illinois (“the Company”) and SWISS RE LIFE & HEALTH
AMERICA INC. of Hartford, Connecticut (“the Reinsurer”). 
 Effective July 1, 2014, the Agreement is amended as follows in order extend coverage
for new business of the Stand-alone ADB with Family and inflation Riders: 
 1. Article 17.1 Financial Conditions is replaced in its entirety
with the attached Article 17.1 Financial Conditions. 
 2. Article 17.2 Business Monitoring is added to the agreement as specified in the
attached Article 17.2 Business Monitoring. 
 3. Exhibit A, Business Covered is replaced in its entirety with the attached Exhibit A,
Business Covered. 
 4. Exhibit C-2, Rates and Terms for Accidental Death Benefit Rider Policy,
Optional Family Accidental Death Benefit Rider, and Optional Inflation Rider is added to the agreement as specified in the attached Exhibit C-2. 
 All
other provisions of the Reinsurance Agreement will continue unchanged. 
 Made in duplicate and hereby executed by both parties. 

 

									
	FIDELITY LIFE ASSOCIATION, A LEGAL RESERVE LIFE INSURANCE COMPANY
					
	By:	 	 /s/ Jim Harkensee
	 		 	By:	 	 /s/ Gregory J. Roemelt

	Title:	 	 President & COO
	 		 	Title:	 	 Chief Actuary

	Date:	 	9/19/2014	 		 	Date:	 	9/19/2014

  

									
	SWISS RE LIFE & HEALTH AMERICA INC.
					
	By:	 	UNDICIPHERABLE	 		 	By:	 	UNDICIPHERABLE
	Title:	 	 SVP
	 		 	Title:	 	 VP

	Date:	 	 9/22/2014
	 		 	Date:	 	 9/22/2014

  

					
	 A1-I478580US-13 (07-01-2014)

QT#08995US14
	  		  	Page | 1

	17.1	 Financial Conditions 

Effective July 1. 2014: If the Company’s surplus falls below 400% of the company action level, as such RBC company action level is
defined at inception of this Agreement, or the Company’s statutory capital and surplus falls below $100,000,000 (each a “Triggering Event”), then the following actions will occur: 

 

	 	a)	 The Reinsurer’s right to terminate this Agreement for new business will be reduced from sixty
(60) days to thirty (30) days. 

  

	 	b)	 For new business written after the Triggering Event, the allowance structure will move to that outlined in
Exhibit C-2, item 14, Special Conditions, Reinsurance Allowance Structure. 

 The
Company agrees to notify the Reinsurer within seven (7) business days of the later of occurrence of a Triggering Event or Knowledge of that Triggering Event. In addition, the Company agrees to provide quarterly estimates of company action level
RBC and statutory capital and surplus levels. 
 In addition, the Company agrees to notify the Reinsurer within five (5) business days
of any material changes to the Company’s July 2014 Board approval business plan or any discretionary payments In excess of the July 2014 Board approval plan outside of the normal course of business made by the Company to the parent company of
any affiliated entities. This includes the drawing down of existing or inception of new intracompany loans. If the Company fails to meet these requirements the Reinsurer’s right to terminate this Agreement for new business will be reduced from
sixty (60) to thirty (30) days. 
 Effective June 1, 2013 through June 30, 2014: If
the Company’s surplus falls below 300% of the authorized control level, as such RBC control level is defined at inception of this Agreement, or the Company’s statutory capital and surplus falls below $100,000,000, then the following
actions will occur: 
  

	 	a)	 The Reinsurer’s right to terminate this Agreement for new business will be reduced from sixty (60) to
thirty (30) days. 

  

	 	b)	 For new business written after the Trigger event, the allowance structure will move to that outlined in Exhibit
C-1, item 14, Special Conditions, Reinsurance Allowance Structure. 

 The Company
agrees to notify the Reinsurer within fifteen (15) business days of the occurrence of a triggering event. In addition, the Company agrees to provide quarterly estimates of RBC control level and statutory capital and surplus levels. 

  

					
	 A1-I478580US-13 (07-01-2014)

QT#08995US14
	  		  	Page | 2

	17.2	 Business Monitoring 

Effective July 1, 2014: The Company agrees to closely monitor new business volume production as well as first year lapse rates across
the business. A Triggering Event for this Article is defined as the following: 
  

	 	(a)	 New business issues for any rolling 3-month period exceeding
$10 billion of volume; and 

  

	 	(b)	 First year lapse rate (volume based) for any 3 month period of new business issues exceeding 65%.

 The Company agrees to notify the Reinsurer within seven (7) days of the later of occurrence of a Triggering Event
or knowledge of that Triggering Event. In the event that a Triggering Event takes place the following actions will occur: 
  

	 	(a)	 The Reinsurer’s right to terminate This Agreement for now business will be reduced from sixty
(60) days to thirty (30) days. 

  

	 	(b)	 For new business written after the Triggering Event, the Reinsurer will have the option to move to the
allowance structure outlined In Exhibit C-2, item 14, Special Conditions, Reinsurance Allowance Structure by providing thirty (30) days’ notice. 

  

					
	 A1-I478580US-13 (07-01-2014)

QT#08995US14
	  		  	Page | 3

 Exhibit A 

Business Covered 
 Agreement Effective Date: 

June 1, 2013. The commencement dates for specific plans are shown below. 

Coverage: 
 The policy and riders shown below which have
policy issue dates falling in the period that begins with the Commencement Date and ends with the Termination Date and that qualify for automatic reinsurance are covered according to the Basis specified below, provided that the riders are issued to
citizens of the United States or legal permanent residents thereof. 
 Basis: 

90% on a First Dollar Quota Share basis up to $450,000 per insured (100% of the total reinsurance) to the maximum Automatic Acceptance Limits stated in Exhibit
E. 
 Company’s State of Domicile: Illinois 
  

							
	Plan/Rider
Identification	  	Exhibit Reference
for Rates	  	Commencement
Date	  	Termination
Date
	 Accidental Death
 Benefit Rider Policy
	  	C-1	  	June 1, 2013	  	June 30,2014
		  	C-2	  	July 1, 2014	  	December 31, 2014
	Optional Family Accidental Death Benefit Rider attached to Accidental Death Benefit Policy	  	C-1	  	June 1, 2013	  	June 30, 2014
		  	C-2	  	July 1,2014	  	December 31, 2014
	Optional Inflation Rider attached to Accidental Death Benefit Policy	  	C-1	  	June 1, 2013	  	June 30, 2014
		  	C-2	  	July 1, 2014	  	December 31, 2014

  

					
	 A1-I478580US-13 (07-01-2014)

QT#08995US14
	  		  	Page | 4

 Exhibit C-2 

(effective July 1, 2014) 
 Rates
and Terms for Accidental Death Benefit Rider Policy 
 Optional Family Accidental Death Benefit Rider 

Optional Inflation Rider 
  

	1.	 Reinsurance Structure: Coinsurance 

 

	2.	 Age Basis: Age Last Birthday 

 

	3.	 Premium Mode: Reinsurance premium mode will follow the premium mode of the underlying policy.

  

	4.	 Billing Frequency: Monthly 

 

	5.	 Gross Reinsurance Premiums: 

Reinsurance Premiums will be the appropriate quota share of the gross rate of premium charged by the Company, as shown below: 

 

									
	 Rider
	  	Rate per
$1,000	 	  	Policy
Fee	 
	 ADB Rider (Face amounts under $ 100,000)
	  	$	1.04	 	  	$	50.00	 
	 ADB Rider (Face amounts over $100,000)
	  	$	0.99	 	  	$	55.00	 
	 Optional Family ADB Rider
	  	$	0.45	 	  	 	N/A	 
	 Optional Inflation Rider (without Family ADB Rider)
	  	$	0.17	 	  	 	N/A	 
	 Optional Inflation Rider (with Family ADB Rider)
	  	$	0.22	 	  	 	N/A	 

 The modal loading for the above gross premium rates is specified below: 

 

	
	 Modal Factors

	 Annual, multiply 1.00

	 Semi-Annual, multiply 0.52

	 Quarterly, multiply 0.28

	 Monthly, multiply 0.087

  

					
	 A1-I478580US-13 (07-01-2014)

QT#08995US14
	  		  	Page | 5

 Exhibit C-2 

Page 2 
  

 

	6.	 Reinsurance Allowances: 

The Reinsurer agrees to pay allowances for reinsurance ceded under this Agreement equal to the gross reinsurance premium times the appropriate
allowance from the following table: 
 July 1, 2014 to December 31, 2014, subject, but not limited to, Articles 17.1, 17.2
and Section 14 below and barring mutual agreement by the Company and the Reinsurer: 
  

					
	 Issue Age*
	  	 First Year
	 	 Renewal Years

	 20 – 29
	  	125%	 	19%
	 30 – 39
	  	125%	 	31%
	 40 – 49
	  	125%	 	32%
	 50 – 59
	  	125%	 	21%

 * See Section 14, Special Conditions for Issues
Ages of 60 and above. 
 April 1, 2014 through June 30, 2014: 

 

					
	 Issue Age
	  	 First Year
	 	 Renewal Years

	 20 – 29
	  	100%	 	36%
	 30 – 39
	  	100%	 	45%
	 40 – 49
	  	100%	 	46%
	 50 – 59
	  	100%	 	41%
	 60 – 65
	  	100%	 	18%

 June 1, 2013 through March 31, 2014: 

 

					
	 Issue Age
	  	 First Year
	 	 Renewal Years

	 20 – 29
	  	125%	 	27%
	 30 – 39
	  	125%	 	39%
	 40 – 49
	  	125%	 	39%
	 50 – 59
	  	125%	 	29%
	 60 – 65
	  	125%	 	13%

  

	7.	 Policy Fee: 

The Company will pay the Reinsurer its share of the annual policy fee, subject to a 100% allowance in all years. 

 

	8.	 Cancellation: 

On and after December 31, 2014, the treaty will Cancel for new business. 

 

	9.	 Reinsured Net Amounts At Risk: 

The net amount at risk will be based on the reinsured face amount; the products reinsured hereunder have no cash surrender values 

 

	10.	 Rate Basis: 

The rates in this subsection are on a non-participating basis. 

  

					
	 A1-I478580US-13 (07-01-2014)

QT#08995US14
	  		  	Page | 6

 Exhibit C-2 

Page 3 
  

 

	11.	 Rate Guarantee: 

The Company’s direct premiums are fully guaranteed for the life of the policy. Likewise, the reinsurance allowances set out in this
Exhibit are guaranteed for the life of the policy. 
  

	12.	 Minimum Recapture Period: 

Recapture not available. 
  

	13.	 Conditions Requiring Claims Consultation: Before conceding liability or making settlement to the
claimant, the Company will seek the Reinsurer’s recommendation if: 

  

	 	a)	 The claim occurs during the contestable period and the Company is not contesting the claim; or

  

	 	b)	 The death occurs outside of the United States or Canada; or 

 

	 	c)	 The claim is one for which there is no body, i.e. the insured is missing and presumed dead.

  

	14.	 Special Conditions: 

Agreement Terms: The Reinsurer and the Company will revisit the terms of the Agreement prior to December 31, 2014 to consider product
Changes under consideration by the Company and to further evaluate the volume of sales, first year lapse, and other aspects of the business sold. 

For Issue Ages 60 and above: The Company will cease accepting applications for policyholders issue ages 60 and above on August 1,
2014. The Company and the Reinsurer acknowledge that there will be policies for insureds with issue ages 60-65 that have effective dates of August 1, 2014 and later, due to normal new business processing.
Reinsurer agrees to accept these post-July 31, 2014 effective date policies for Issue ages 60-65 under the same terms as policies with effective dates July 1, 2014 thru July 31, 2014, outlined below. 

July 1, 2014 through July 31, 2014: 

 

					
	 Issue Age
	  	 First Year
	 	 Renewal Years

	 60 – 65
	  	100%	 	10%

 Commission Structure: Commission structure changes discussed have been implemented and will be in place
for all business issued from July 1, 2014 through the termination of this Agreement barring mutual agreement between the Company and the Reinsurer. 

  

					
	 A1-I478580US-13 (07-01-2014)

QT#08995US14
	  		  	Page | 7

 Exhibit C-2 

Page 4 
  

Administration: The Company and the Reinsurer agree that they are continuing to work together to fully implement the reinsurance
administration within a timely manner. 
 Experience date: The Company agrees to periodically provide updated distribution, lapse, and
mortality experience data upon request. The Company and The Reinsurer to determine specifics around frequency and type of reporting to be provided in addition to periodic seriatim data updates. 

Volume Limitations: This Agreement has been approved for new business issued from July 1, 2014 forward, subject to a cap on base
policy new business issues of $15,000,000,000. If new business issues reach this limit, then all additional new business will move to the reinsurance allowance structure described below. 

Reinsurance Allowance Structure: If any of the conditions described in Article 17.1, Financial Conditions, and Exhibit C-2, item 14, Volume Limitations, are met, the following reinsurance allowance structure will be used: 
  

					
	 Issue Age
	  	 First Year
	 	 Renewal Years

	 20 – 29
	  	100%	 	27%
	 30 – 39
	  	100%	 	38%
	 40 – 49
	  	100%	 	40%
	 50 – 59
	  	100%	 	28%

  

					
	 A1-I478580US-13 (07-01-2014)

QT#08995US14
	  		  	Page | 8

 Amendment No. 2 to the Automatic Self-Administered Accidental Death Benefit Rider Policy Coinsurance
Reinsurance Agreement I478580US-13 effective June 1, 2013, between FIDELITY LIFE ASSOCIATION, A LEGAL RESERVE LIFE INSURANCE COMPANY of Chicago, Illinois (“the Company”) and SWISS RE
LIFE & HEALTH AMERICA INC. of Hartford, Connecticut (“the Reinsurer”). 
 WHEREAS, the parties amended the Agreement in
order to extend coverage for new business of the Stand-alone ADB with Family and Inflation Riders; 
 WHEREAS, the Stand-alone ADB with
Family and Inflation Riders was terminated for new business effective December 31, 2014; 
 WHEREAS, the Company wishes to extend
coverage for new business of the Standalone ADB with Family and Inflation Riders to January 31,2015. 
 NOW THEREFORE, the parties
agree to amend the Agreement as follows: 
 1. Exhibit A, Business Covered is replaced In its entirety with the attached Exhibit A, Business
Covered. 
 2. Exhibit C-2, Rates and Terms for Accidental Death Benefit Rider Policy, Optional
Family Accidental Death Benefit Rider, and Optional Inflation Rider is replaced in its entirety with the attached Exhibit C-2, Rates and Terms for Accidental Death Benefit Rider Policy, Optional Family
Accidental Death Benefit Rider and Optional Inflation Rider. 
 All other provisions of the Reinsurance Agreement will continue unchanged. 

Made in duplicate and hereby executed by both parties. 

FIDELITY LIFE ASSOCIATION, A LEGAL RESERVE LIFE INSURANCE COMPANY 

									
					
	By:	 	 /s/ Chris Kim
	 		 	By:	 	 /s/ Gregory J Roemelt

	Title:	 	CFO	 		 	Title:	 	 Chief Actuary

	Date:	 	12/23/2014	 		 	Date:	 	12/23/2014
			
	SWISS RE LIFE & HEALTH AMERICA INC.	 		 	
					
	By:	 	UNDICIPHERABLE	 		 	By:	 	UNDICIPHERABLE
	Title:	 	 VP
	 		 	Title:	 	 VP

	Date:	 	12/14/2014	 		 	Date:	 	 12/18/2014

  

					
	 A2-I478580US-13(11-17-2014)

QT#10212US14
	  		  	Page 1 of 6

 Exhibit A 

Business Covered 
 Agreement Effective Date: 

June 1, 2013. The commencement dates for specific plans are shown below. 

Coverage: 
 The policy and riders shown below which have
policy issue dates falling in the period that begins with the Commencement Date and ends with the Termination Date and that qualify for automatic reinsurance are covered according to the Basis specified below, provided that the riders are issued to
citizens of the United States or legal permanent residents thereof. 
 Basis: 

90% on a First Dollar Quota Share basis up to $450,000 per insured (100% of the total reinsurance) to the maximum Automatic Acceptance Limits stated in Exhibit
E. 
 Company’s State of Domicile: Illinois 
  

							
	 Plan/Rider

Identification
	  	Exhibit Reference
for Rates	  	 Commencement

Date
	  	 Termination

Date

	 Accidental Death
 Benefit Rider Policy
	  	 C-1
 C-2
	  	June 1, 2013 July 1, 2014	  	June 30, 2014 January 31, 2015
	Optional Family Accidental Death Benefit Rider attached to Accidental Death Benefit Policy	  	 C-1
 C-2
	  	June 1, 2013 July 1, 2014	  	June 30, 2014 January 31, 2015
	Optional Inflation Rider attached to Accidental Death Benefit Policy	  	 C-1
 C-2
	  	June 1, 2013 July 1, 2014	  	June 30, 2014 January 31, 2015

  

					
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QT#10212US14
	  		  	Page 2 of 6

 Exhibit C-2 

Rates and Terms for Accidental Death Benefit Rider Policy 

Optional Family Accidental Death Benefit Rider 

Optional Inflation Rider 
  

	1.	 Reinsurance Structure: Coinsurance 

 

	2.	 Age Basis: Age Last Birthday 

 

	3.	 Premium Mode: Reinsurance premium mode will follow the premium mode of the underlying policy.

  

	4.	 Billing Frequency: Monthly 

 

	5.	 Gross Reinsurance Premiums: 

Reinsurance Premiums will be the appropriate quota share of the gross rate of premium charged by the Company, as shown below: 

 

									
	 Rider
	  	Rate per	 	  	Policy Fee	 
	 ADB Rider (Face amounts under $100,000)
	  	$	1.04	 	  	$	50.00	 
	 ADB Rider (Face amounts Over $100,000)
	  	$	0.99	 	  	$	55.00	 
	 Optional Family ADB Rider
	  	$	0.45	 	  	 	N/A	 
	 Optional Inflation Rider (without Family ADB Rider)
	  	$	0.17	 	  	 	N/A	 
	 Optional Inflation Rider (with Family ADB Rider)
	  	$	0.22	 	  	 	N/A	 

 The modal loading for the above gross premium rates is specified below: 

 

	
	 Modal Factors

	 Annual, multiply 1.00

	 Semi-Annual, multiply 0.52

	 Quarterly, multiply 0.28

	 Monthly, multiply 0.087

  

					
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	  		  	Page 3 of 6

 Exhibit C-2 

Page 2 
  

 

	6.	 Reinsurance Allowances: 

The Reinsurer agrees to pay allowances for reinsurance ceded under this Agreement equal to the gross reinsurance premium times
the appropriate allowance from the Following table: 
 July 1, 2014 to January 31, 2015, subjects, but not limited to,
Articles 17.1, 17.2 and Section 14 below and barring mutual agreement by the Company and the Reinsurer: 
  

					
	 Issue Age*
	  	 First Year
	 	 Renewal Years

	 20 – 29
	  	125%	 	19%
	 30 – 39
	  	125%	 	31%
	 40 – 49
	  	125%	 	32%
	 50 – 59
	  	125%	 	21%

  

	*	 See Section 14, Special Conditions for Issues Ages of 60 and above. 

April 1, 2014 through June 30, 2014: 
  

					
	 Issue Age
	  	 First Year
	 	 Renewal Years

	 20 – 29
	  	100%	 	36%
	 30 –39
	  	100%	 	45%
	 40 – 49
	  	100%	 	46%
	 50 – 59
	  	100%	 	41%
	 60 – 65
	  	100%	 	18%

 June 1, 2013 through March 31,
2014: 
  

					
	 Issue Age
	  	 First Year
	 	 Renewal Years

	 20 – 29
	  	125%	 	27%
	 30 – 39
	  	125%	 	39%
	 40 – 49
	  	125%	 	39%
	 50 – 59
	  	125%	 	29%
	 60 – 65
	  	125%	 	13%

  

	7.	 Policy Fee: 

The Company will pay the Reinsurer its share of the annual policy fee, subject to a 100% allowance in all years. 

 

	8.	 Cancellation: 

On and after January 31, 2015, the treaty will cancel for new business. 

 

	9.	 Reinsured Net Amounts At Risk: 

The net amount at risk will be based on the reinsured face amount; the products reinsured hereunder have no cash surrender values 

 

	10.	 Rate Basis: 

The rates in this subsection are on a non-participating basis. 

  

					
	 A2-I478580US-13(11-17-2014)

QT#10212US14
	  		  	Page 4 of 6

 Exhibit C-2 

Page 3 
  

 

	11.	 Rate Guarantee: 

The Company’s direct premiums are fully guaranteed far the life of the policy. Likewise, the reinsurance allowances set out in this
Exhibit are guaranteed for the life of the policy. 
  

	12.	 Minimum Recapture Period: 

Recapture not available. 
  

	13.	 Conditions Requiring Claims Consultation: Before conceding liability or making. settlement to the
claimant, the Company will seek the Reinsurer’s recommendation if: 

  

	 	a)	 The claim occurs during the contestable period and the Company is not contesting the claim; or

  

	 	b)	 The death occurs outside of the United States, or Canada; or 

 

	 	c)	 The claim is one for which there is no body, i.e. the insured is missing and presumed dead.

  

	14.	 Special Conditions: 

Agreement Terms: The Reinsurer and the Company will revisit the terms of the Agreement prior to January 31, 2015 to consider
product changes under consideration by the Company and to further evaluate the volume of sales, first year lapse, and other aspects of the business sold. 

For Issue Ages 60 and above: The Company will cease accepting applications for policyholders issue ages 60 and above on August 1,
2014. The Company and the Reinsurer acknowledge that there will be policies for insureds with issue ages 60-65 that have effective dates of August 1, 2014 and later, due to normal new business processing.
Reinsurer agrees to accept these post-July 31, 2014 effective date policies for issue ages 60-65 under the same terms as policies with effective dates July 1, 2014 thru July 31, 2014, outlined below. 

July 1, 2014 through July 31, 2014: 
  

					
	 Issue Age
	  	 First Year
	 	 Renewal Years

	 60 – 65
	  	100%	 	10%

 Commission Structure: Commission structure changes discussed have been implemented end will be in place
for all business issued from July 1, 2014 through the termination of this Agreement barring mutual agreement between the Company and the Reinsurer. 

  

					
	 A2-I478580US-13(11-17-2014)

QT#10212US14
	  		  	Page 5 of 6

 Exhibit C-2 

Page 4 
  

Administration: The Company and the Reinsurer agree that they are continuing to work together to fully implement the reinsurance
administration within a timely manner. 
 Experience data: The Company agrees to periodically provide updated distribution, lapse, and
mortality experience data upon request. The Company and the Reinsurer to determine specifics around frequency and type of reporting to be provided in addition to periodic seriatim data updates. 

Volume Limitations: This Agreement has been approved for new business issued from July 1, 2014 forward, subject to a cap on
base policy new business issues of $15,000,000,000. If new business issues reach this limit, then all additional new business will move to the reinsurance allowance structure described below. 

Reinsurance Allowance Structure: If any of the conditions described in Article 17.1, Financial Conditions, and Exhibit C-2, item 14, Volume Limitations, are met, the following reinsurance allowance structure will be used: 
  

					
	 Issue Age
	  	 First Year
	 	 Renewal Years

	 20 – 29
	  	100%	 	27%
	 30 – 39
	  	100%	 	38%
	 40 – 49
	  	100%	 	40%
	 50 – 59
	  	100%	 	28%

  

					
	 A2-I478580US-13(11-17-2014)

QT#10212US14
	  		  	Page 6 of 6

 Amendment No. 3 to the Automatic Self-Administered Accidental Death Benefit Rider Policy Coinsurance
Reinsurance Agreement I478580US-13 effective June 1, 2013, between FIDELITY LIFE ASSOCIATION, A LEGAL RESERVE LIFE INSURANCE COMPANY of Chicago, Illinois (“the Company”) and SWISS RE LIFE &
HEALTH AMERICA INC. of Hartford, Connecticut (“the Reinsurer”). 
 WHEREAS, the Agreement covers, from the inception date, Accidental Death
Benefit Rider Policy, Optional Family Accidental Death Benefit Rider, and the Optional Inflation Rider attached to the Accidental Death Benefit Rider Policy; 

WHEREAS, the parties wish to clarify the embedded benefits covered and the Business Guidelines to the Agreement; 

NOW THEREFORE, effective June 1, 2013, in consideration of the mutual promises and covenants set forth herein, the parties agree to amend the Agreement
as follows: 
 1. Exhibit A, Business Covered is replaced in its entirety with the attached Exhibit A, Business Covered. 

2. Exhibit A-1, Business Guidelines is replaced in its entirety with the Exhibit A-1, Business
Guidelines. 
 All other provisions of the Reinsurance Agreement will continue unchanged. 

Made in duplicate and hereby executed by both parties. 
  

							
	FIDELITY LIFE ASSOCIATION, A LEGAL RESERVE LIFE INSURANCE COMPANY
				
	By:	 	 /s/ Gregory J. Roemelt
	 	By:	 	 /s/ Jim Harkensee

	Title:	 	 Chief Actuary
	 	Title:	 	 President & COO

	Date:	 	3/31/15	 	Date:	 	3/31/15
	
	SWISS RE LIFE & HEALTH AMERICA INC.
				
	By:	 	UNDICIPHERABLE	 	By:	 	UNDICIPHERABLE
	Title:	 	SVP	 	Title:	 	VP
	Date:	 	3/16/2015	 	Date:	 	3/16/15

  

					
	 A3-I478580US-13(6-1-2013)
 QT#10407US15
	  		  	Page 1

 Exhibit A 

Business Covered 
 Agreement Effective Date: 

June 1, 2013. The commencement dates for specific plans are shown below. 

Coverage: 
 The policy and riders shown below which have
policy issue dates falling in the period that begins with the Commencement Date and ends with the Termination Date and that qualify for automatic reinsurance are covered according to the Basis specified below, provided that the riders are issued to
citizens of the United States or legal permanent residents thereof. 
 Basis: 

90% on a First Dollar Quota Share basis up to $450,000 per insured (100% of the total reinsurance) to the maximum Automatic Acceptance Limits stated in Exhibit
E. 
 Company’s State of Domicile: Illinois 
  

							
	 Plan/Rider

Identification
	  	Exhibit Reference
for Rates	  	 Commencement

Date
	  	 Termination

Date

	 Accidental Death Benefit Rider Policy*
	  	C-1	  	June 1, 2013	  	June 30, 2014
		  	C-2	  	July 1, 2014	  	January 31, 2015
	 Optional Family Accidental Death Benefit Rider attached to Accidental Death Benefit
Policy**
	  	C-1	  	June 1, 2013	  	June 30, 2014
		  	C-2	  	July 1, 2014	  	January 31, 2015
	 Optional Inflation Rider attached to Accidental Death Benefit Policy
	  	C-1	  	June 1, 2013	  	June 30, 2014
		  	C-2	  	July 1, 2014	  	January 31, 2015

  

	*	 Embedded benefits include Auto Safety Benefit and Travel Benefit (not subject to an additional reinsurance
premium). 

	**	 Embedded benefits include Auto Safety Benefit, College Fund Benefit, Double Tragedy Benefit and Travel Benefit
(not subject to an additional reinsurance premium). 

  

					
	 A3-I478580US-13(6-1-2013)
 QT#10407US15
	  		  	Page 2

 Exhibit A-1 

(Effective June 1, 2013) 
 Business
Guidelines 
 The Company affirms that the following have been supplied to the Reinsurer and are in use as of the effective date of this Agreement: 

 

	1.	 Policy Form(s) 

ADB Policy Form F3700.doc 
  

	2.	 Supplemental Benefit and Rider Form(s) 

F3715 Family Accidental Death Benefit Rider.doc; 

F3720 Inflation Benefit Rider.doc 
  

	3.	 Premium Rates or COI Rates 

Assumptions Stand-Alone ADB Sent to Swiss Re 5-7-13.xls 

 

	4.	 Underwriting Manual 

Draft_ ADB_ App_20140325. pdf 

  

					
	 A3-I478580US-13(6-1-2013)
 QT#10407US15
	  		  	Page 3

 Amendment No. 4 to the Automatic Self-Administered Accidental Death Benefit Rider Policy Coinsurance
Reinsurance Agreement I478580US-13 effective June 1, 2013, between FIDELITY LIFE ASSOCIATION, A LEGAL RESERVE LIFE INSURANCE COMPANY of Chicago, Illinois (“the Company”) and SWISS RE
LIFE & HEALTH AMERICA INC. of Hartford, Connecticut (“the Reinsurer”). 
 Effective February 1, 2015, the Agreement is amended as
follows in order to extend coverage for new business of the Stand-alone ADB with Family and Inflation Riders: 
 1. Article 17.1 Financial
Conditions is replaced in its entirety with Article 17.1 Financial Conditions attached to this amendment. 
 2. Article 17.2 Business
Monitoring is replaced in its entirety with Article 17.2 Business Monitoring attached to this amendment. 
 3. Exhibit A, Business Covered
is replaced in its entirety with the attached Exhibit A, Business Covered. 
 4. Exhibit C-3, Rates
and Terms for Accidental Death Benefit Rider Policy, Optional Family Accidental Death Benefit Rider, and Optional Inflation Rider is added to the Agreement as specified in the attached Exhibit C-3. 

5. Exhibit D, The Company’s Retention Limits and Exhibit E, Automatic Issue and Acceptance Limits are replaced in their entirety with the
Exhibit D, The Company’s Retention Limits and Exhibit E, Automatic Issue and Acceptance Limits, attached to this amendment. 
 All other provisions of
the Reinsurance Agreement will continue unchanged. 
 Made in duplicate and hereby executed by both parties. 

 

							
	FIDELITY LIFE ASSOCIATION, A LEGAL RESERVE LIFE INSURANCE COMPANY
				
	By:	 	 /s/ Gregory J Roemelt
	 	By:	 	 /s/ Chris Kim

	Title:	 	 Chief Actuary
	 	Title:	 	CFO
	Date:	 	4/7/15	 	Date:	 	4/7/2015
	
	SWISS RE LIFE & HEALTH AMERICA INC.
				
	By:	 	UNDICIPHERABLE	 	By:	 	UNDICIPHERABLE
	Title:	 	SVP	 	Title:	 	VP
	Date:	 	3/26/2015	 	Date:	 	3/26/15

  

					
	 A4-I478580US-13(02-01-2015)

QT#10227US14
	  		  	Page 1

 Exhibit A 

Business Covered 
 Agreement Effective Date: 

June 1, 2013. The commencement dates for specific plans are shown below. 

Coverage: 
 The policy and riders shown below which have
policy issue dates falling in the period that begins with the Commencement Date and ends with the Termination Date and that qualify for automatic reinsurance are covered according to the Basis specified below, provided that the riders are issued to
citizens of the United States or legal permanent residents thereof. 
 Basis: 

1. 90% on a First Dollar Quota Share basis up to $450,000 per insured (100% of the total reinsurance) to the maximum Automatic Acceptance Limits stated in
Exhibit E. 
 2. 50% on a First Dollar Quota Share basis up to $250,000 per insured (100% of the total reinsurance) to the maximum Automatic Acceptance
Limits stated in Exhibit E. 
 Company’s State of Domicile: Illinois 

 

									
	 Plan/Rider

Identification
	  	Basis	  	Exhibit Reference
for Rates	  	Commencement Date	  	Termination Date
	Accidental Death Benefit Rider Policy*	  	1.	  	C-1	  	June 1, 2013	  	June 30, 2014
		  	1.	  	C-2	  	July 1, 2014	  	January 31, 2015
		  	2.	  	C-3	  	February 1, 2015	  	
	Optional Family Accidental Death Benefit Rider attached to Accidental Death Benefit Policy**	  	1.	  	C-1	  	June 1, 2013	  	June 30, 2014
		  	1.	  	C-2	  	July 1, 2014	  	January 31, 2015
		  	2.	  	C-3	  	February 1, 2015	  	
	Optional Inflation Rider attached to Accidental Death Benefit Policy	  	1.	  	C-1	  	June 1, 2013	  	June 30, 2014
		  	1.	  	C-2	  	July 1, 3014	  	January 31, 2015
		  	2.	  	C-3	  	February 1, 2015	  	

  

	*	 Embedded benefits include Auto Safety Benefit and Travel Benefit (not subject to an additional reinsurance
premium). 

	**	 Embedded benefits include Auto Safety Benefit, College Fund Benefit, Double Tragedy Benefit and Travel Benefit
(not subject to an additional reinsurance premium). 

  

					
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	  		  	Page 2

	17.1	 Financial Conditions 

Effective February 1, 2015: If the Company’s surplus falls below 400% of the company action level, as such RBC company action level
is defined at inception of this Agreement, or the Company’s statutory capital and surplus falls below $100,000,000 (each a “Triggering Event”), then the Reinsurer’s right to terminate this Agreement for new business will be
reduced from sixty (60) days to thirty (30) days. 
 The Company agrees to notify the Reinsurer within seven (7) business days
of the later of occurrence of a Triggering Event or knowledge of that Triggering Event. In addition, the Company agrees to provide quarterly estimates of company action level RBC and statutory capital and surplus levels. 

In addition, the Company agrees to notify the Reinsurer within five (5) business days of any material changes to the Company’s Board
approved business plan or any discretionary payments in excess of such Board approval plan outside of the normal course of business made by the Company to the parent company of any affiliated entities that was most recently communicated to the
Reinsurer. This includes the drawing down of existing or inception of new intracompany loans. If the Company fails to meet these requirements the Reinsurer’s right to terminate this Agreement for new business will be reduced from sixty
(60) to thirty (30) days. 
 Effective July 1, 2014 through January 31, 2015: If the Company’s surplus falls below
400% of the company action level, as such RBC company action level is defined at inception of this Agreement, or the Company’s statutory capital and surplus falls below $100,000,000 (each a “Triggering Event”), then the following
actions will occur: 
  

	 	a)	 The Reinsurer’s right to terminate this Agreement for new business will be reduced from sixty (60) days to
thirty (30) days. 

  

	 	b)	 For new business written after the Triggering Event, the allowance structure will move to that outlined in
Exhibit C-2, item 14, Special Conditions, Reinsurance Allowance Structure. 

 The
Company agrees to notify the Reinsurer within seven (7) business days of the later of occurrence of a Triggering Event or knowledge of that Triggering Event. In addition, the Company agrees to provide quarterly estimates of company action level
RBC and statutory capital and surplus levels. 
 In addition, the Company agrees to notify the Reinsurer within five (5) business days
of any material changes to the Company’s July 2014 Board approval business plan or any discretionary payments in excess of the July 2014 Board approval plan outside of the normal course of business made by the Company to the parent company of
any affiliated entities. This includes the drawing down of existing or inception of new intrcaompany loans. If the Company fails to meet these requirements the Reinsurer’s right to terminate this Agreement for new business will be reduced from
sixty (60) to thirty (30) days. 

  

					
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	  		  	Page 3

 Effective June 1, 2013 through June 30, 2014:
If the Company’s surplus falls below 300% of the authorized control level, as such RBC control level is defined at inception of this Agreement, or the Company’s statutory capital and surplus falls below $100,000,000, then the following
actions will occur: 
  

	 	a)	 The Reinsurer’s right to terminate this Agreement for new business will be reduced from sixty (60) to
thirty (30) days. 

  

	 	b)	 For new business written after the trigger event, the allowance structure will move to that outlined in Exhibit
C-1, Item 14, Special Conditions, Reinsurance Allowance Structure. 

 The Company
agrees to notify the Reinsurer within fifteen (15) business days of the occurrence of a triggering event. In addition, the Company agrees to provide quarterly estimates of RBC control level and statutory capital and surplus levels. 

  

					
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	  		  	Page 4

	17.2	 Business Monitoring 

Effective February 1, 2015: The Company agrees to closely monitor new business volume production as well as first year lapse
rates across the business. A Triggering Event for this Article is defined as the following: 
  

	 	(a)	 New business issues for any rolling 3-month period exceeding
$10 billion of volume; and 

  

	 	(b)	 First year lapse rate (volume based) for any 3 month period of new business issues exceeding 65%.

 The Company agrees to notify the Reinsurer within seven (7) days of the later of occurrence of a Triggering
Event or knowledge of that Triggering Event. In the event that a Triggering Event takes place, the Reinsurer’s right to terminate this Agreement for new business will be reduced from sixty (60) days to thirty (30) days. 

Effective July 1, 2014 through January 31, 2015: The Company agrees to closely monitor new business volume production as well
as first year lapse rates across the business. A Triggering Event for this Article is defined as the following: 
  

	 	(a)	 New business issues for any rolling 3-month period exceeding
$10 billion of volume; and 

  

	 	(b)	 First year lapse rate (volume based) for any 3 month period of new business issues exceeding 65%.

 The Company agrees to notify the Reinsurer within seven (7) days of the later of occurrence of a
Triggering Event or knowledge of that Triggering Event. In the event that a Triggering Event takes place the following actions will occur: 
  

	 	(a)	 The Reinsurer’s right to terminate this Agreement for new business will be reduced from sixty
(60) days to thirty (30) days. 

  

	 	(b)	 For new business written after the Triggering Event, the Reinsurer will have the option to move to the
allowance structure outlined in Exhibit C-2, item 14, Special Conditions, Reinsurance Allowance Structure by providing thirty (30) days’ notice. 

  

					
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	  		  	Page 5

 Exhibit C-3 

(effective February 1, 2015) 
 Rates and
Terms for Accidental Death Benefit Rider Policy 
 Optional Family Accidental Death Benefit Rider 

Optional Inflation Rider 
  

	1.	 Reinsurance Structure: Coinsurance 

 

	2.	 Age Basis: Age Last Birthday 

 

	3.	 Premium Made: Reinsurance premium mode will follow the premium mode of the underlying policy.

  

	4.	 Billing Frequency: Monthly 

 

	5.	 Gross Reinsurance Premiums: 

Reinsurance Premiums will be the appropriate quota share of the gross rate of premium charged by the Company, as shown below: 

 

									
	 Rider
	  	Rate per
$1,000	 	  	Policy Fee	 
	 ADB Rider (Face amounts under $100,000)
	  	$	1.04	 	  	$	50.00	 
	 ADB Rider (Face amounts over $100,000)
	  	$	0.99	 	  	$	55.00	 
	 Optional Family ADB Rider
	  	$	0.45	 	  	 	N/A	 
	 Optional Inflation Rider (without Family ADB Rider)
	  	$	0.17	 	  	 	N/A	 
	 Optional Inflation Rider (with Family ADB Rider)
	  	$	0.22	 	  	 	N/A	 

 The modal loading for the above gross premium rates is specified below: 

 

	
	 Modal Factors

	 Annual, multiply 1.00

	 Semi-Annual, multiply 0.52

	 Quarterly, multiply 0.28

	 Monthly, multiply 0.087

  

					
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QT#10227US14
	  		  	Page 6

 Exhibit C-3 

Page 2 
  

 

	6.	 Reinsurance Allowances: 

The Reinsurer agrees to pay allowances for reinsurance ceded under this Agreement equal to the gross reinsurance premium times the appropriate
allowance from the following table: 
 For New Business issued from February 1, 2015 and onwards: 

 

					
	 Issue Age
	  	 First Year
	 	 Renewal Years

	 20 – 29
	  	100%	 	24%
	 30 – 39
	  	100%	 	36%
	 40 – 49
	  	100%	 	37%
	 50 – 59
	  	100%	 	26%

  

	7.	 Policy Fee: 

The Company will pay the Reinsurer its share of the annual policy fee, subject to a 100% allowance in all years. 

 

	8.	 Cancellation: 

On and after December 31 , 2015, the treaty will cancel for new business. 

 

	9.	 Reinsured Net Amounts At Risk: 

The net amount at risk will be based on the reinsured face amount; the products reinsured hereunder have no cash surrender values 

 

	10.	 Rate Basis: 

The rates in this subsection are on a non-participating basis. 

 

	11.	 Rate Guarantee: 

The Company’s direct premiums are fully guaranteed for the life of the policy. Likewise, the reinsurance allowances set out in this
Exhibit are guaranteed for the life of the policy. 
  

	12.	 Minimum Recapture Period: 

Recapture not available. 

  

					
	 A4-I478580US-13(02-01-2015)

QT#10227US14
	  		  	Page 7

 Exhibit C-3 

Page 3 
  

 

	13.	 Conditions Requiring Claims Consultation: Before conceding liability or making settlement to the
claimant, the Company will seek the Reinsurer’s recommendation if: 

  

	 	a)	 The claim occurs during the contestable period and the Company is not contesting the claim; or

  

	 	b)	 The death occurs outside of the United States or Canada; or 

 

	 	c)	 The claim is one for which there is no body, i.e. the insured is missing and presumed dead.

  

	14.	 Special Conditions: 

Agreement Terms: The Reinsurer and the Company will revisit the terms of the Agreement prior to December 31, 2015 to consider
product changes under consideration by the Company and to further evaluate the volume of sales, first year lapse, and other aspects of the business sold. 

For Issue Ages 60 and above: The Company ceased accepting applications for policyholders issue ages 60 and above on February 1,
2015. 
 Administration: The Company and the Reinsurer agree that they are continuing to work together to fully implement the
reinsurance administration within a timely manner. 
 Experience data: The Company agrees to periodically provide updated
distribution, lapse, and mortality experience data upon request. The Company and the Reinsurer to determine specifics around frequency end type of reporting to be provided in addition to periodic seriatim data updates. 

  

					
	 A4-I478580US-13(02-01-2015)

QT#10227US14
	  		  	Page 8

 Exhibit D 

(effective February 1, 2015) 
 The
Company’s Retention Limits 
 Effective February 1, 2015: The Company will retain 50% of each Reinsured Policy. This applies to all
business reinsured under this Agreement. 
 Effective June 1, 2013: The Company will retain 10% of each Reinsured Policy. This applies to
all business reinsured under this Agreement. 
 It is understood that the amount retained by the Company includes its retention under any in force policies
without the benefit of other reinsurance. 

  

					
	 A4-I478580US-13(02-01-2015)

QT#10227US14
	  		  	Page 9

 Exhibit E 

(effective February 1, 2015) 
 Automatic
Issue and Acceptance Limits 
 The total Automatic Issue Amounts available to the Company on a per life basis for the Accidental Death Benefit Rider will
be as follows: 
 Effective January 1, 2015: 

$250,000 
 Effective June 1, 2013:

 $500,000 
 Effective February 1,
2015: 
 The Reinsurer will automatically accept 50% of each Policy, not to exceed the limits specified below on a per life basis. 

$125,000 
 The Reinsurer will automatically
accept 90% of each Policy, not to exceed the limits specified below on a per life basis: 
 Effective January 1, 2015 through
January 31, 2015: 
 $ 225,000 

Effective June 1, 2013 through December 31, 2014: 

$450,000 

  

					
	 A4-I478580US-13(02-01-2015)

QT#10227US14
	  		  	Page 10

 Amendment No. 5 to the Automatic Self-Administered Accidental Death Benefit Rider Policy Coinsurance
Reinsurance Agreement I478580US-13 effective June 1, 2013, between FIDELITY LIFE ASSOCIATION, A LEGAL RESERVE LIFE INSURANCE COMPANY of Chicago, Illinois (“the Company”) and SWISS
RE LIFE & HEALTH AMERICA INC. of Hartford, Connecticut (“the Reinsurer”). 
 The Agreement is amended as follows in order to extend
Coverage for new business of the Stand-alone ADB with Family and Inflation Riders from December 31, 2015, to February 29, 2016: 
  

	 	1.	 Exhibit A, Business Covered is replaced in its entirety with the attached Exhibit A, Business Covered.

  

	 	2.	 Exhibit C-3, Pates and Terms for Accidental Death Benefit Rider Policy,
Optional Family Accidental Death Benefit Rider, and Optional Inflation Rider is added to the Agreement as specified in the attached Exhibit C-3. 

All other provisions of the Reinsurance Agreement will continue unchanged. 

Made in duplicate and hereby executed by both parties. 

FIDELITY LIFE ASSOCIATION, A LEGAL RESERVE LIFE INSURANCE-COMPANY 
  

									
					
	By:	 	/s/ Gregory J Roemelt	 		 	By:	 	/s/ Chris Kim
	Title:	 	Chief Actuary	 		 	Title:	 	CFO
	Date:	 	1/29/16	 		 	Date:	 	1/29/2016

 SWISS RE LIFE & HEALTH AMERICA INC. 

									
					
	By:	 	UNDICIPHERABLE	 		 	By:	 	UNDICIPHERABLE
	Title:	 	SVP	 		 	Title:	 	VP
	Date:	 	1/21/2016	 		 	Date:	 	1/21/2016

  

					
	 A5-I478580US-13(12-31-2015)

QT#12399US16
	  		  	Page 1

 Exhibit A 

Business Covered 
 Agreement Effective Data: 

June 1, 2013. The commencement dates for specific plans are shown below. 

[ILLEGIBLE] Coverage: 
 Coverage: 

The policy and riders shown below which have policy issue dates falling in the period that begins with the Commencement Date and ends with the Termination
Date and that qualify for automatic reinsurance are covered according to the Basis specified below, provided that the riders are issued to citizens of the United States or legal permanent residents thereof. 

Basis: 
  

	1.	 90% on a First Dollar Quota Share basis up to $450,000 per insured (100% of the total reinsurance) to the
maximum Automatic Acceptance Limits stated in Exhibit E. 

  

	2.	 50% on a First Dollar Quota Share basis up to $250,000 per insured (100% of the total reinsurance) to the
maximum Automatic Acceptance Limits stated in Exhibit E. 

 Company’s State of Domicile: Illinois 

 

									
	Plan/Rider
Identification	  	Basis	  	Exhibit Reference
for Rates	  	Commencement
Date	  	Termination
Date
	Accidental Death	  		  		  		  	
	Benefit Rider Policy*	  	1.	  	C-1	  	June 1, 2013	  	June 30, 2014
	 	  	1.	  	C-2	  	July 1, 2014	  	January 31, 2015
	 	  	2.	  	C-3	  	February 1, 2015	  	February 29, 2016
	Optional Family Accidental	  		  		  		  	
	Death Benefit Rider	  		  		  		  	
	 attached to Accidental
 Death Benefit
Policy**
	  	1.	  	C-1	  	June 1, 2013	  	June 30, 2014
	 	  	1.	  	C-2	  	July 1, 2014	  	January 31, 2015
	 	  	2.	  	C-3	  	February 1, 2015	  	February 29, 2016
	Optional Inflation Rider	  		  		  		  	
	 attached to Accidental
 Death Benefit
Policy
	  	1.	  	C-1	  	June 1, 2013	  	June 30, 2014
		  	1.	  	C-2	  	July 1, 2014	  	January 31, 2015
		  	2.	  	C-3	  	February 1, 2015	  	February 29, 2016

  

	*	 Embedded benefits include Auto Safety Benefit and Travel Benefit (not subject to an additional reinsurance
premium). 

	**	 Embedded benefits include Auto Safety Benefit, College Fund Benefit, Double Tragedy Benefit and Travel Benefit
(not subject to an additional reinsurance premium). 

  

					
	 A5-I478580US-13(12-31-2015)

QT#12399US16
	  		  	Page 2

 Exhibit C-3 

(effective December 31, 2015) 
 Rates and
Terms for Accidental Death Benefit Rider Policy 
 Optional Family Accidental Death Benefit Rider 

Optional Inflation Rider 
  

	1.	 Reinsurance Structure: Coinsurance 

 

	2.	 Age Basis: Age Last Birthday 

 

	3.	 Premium Mode: Reinsurance premium mode will follow the premium mode of the underlying policy.

  

	4.	 Billing Frequency: Monthly 

 

	5.	 Gross Reinsurance Premiums: 

Reinsurance Premiums will be the appropriate quota share of the gross rate of premium charged by the Company, as shown below: 

 

									
	 Rider
	  	Rate per
$1,000	 	  	Policy Fee	 
	 ADB Rider (Face amounts under $100,000)
	  	$	1.04	 	  	$	50.00	 
	 ADB Rider (Face amounts over $100,000)
	  	$	0.99	 	  	$	55.00	 
	 Optional Family ADB Rider
	  	$	0.45	 	  	 	N/A	 
	 Optional Inflation Rider (without Family ADB Rider)
	  	$	0.17	 	  	 	N/A	 
	 Optional Inflation Rider (with Family ADB Rider)
	  	$	0.22	 	  	 	N/A	 

 The modal loading for the above gross premium rates is specified below: 

 

	
	 Modal Factors

	 Annual, multiply 1.00

	 Semi-Annual, multiply 0.52

	 Quarterly, multiply 0.28

	 Monthly, multiply 0.087

  

					
	 A5-I478580US-13(12-31-2015)

QT#12399US16
	  		  	Page 3

 Exhibit C-3 

Page 2 
  

 

	6.	 Reinsurance Allowances: 

The Reinsurer agrees to pay allowances for reinsurance ceded under this Agreement equal to the gross reinsurance premium times the appropriate
allowance from the following table: 
 For New Business issued from February 1, 2015 and onwards: 

 

					
	 Issue Age
	  	 First Year
	 	 Renewal Years

	 20 – 29
	  	100%	 	24%
	 30 – 39
	  	100%	 	36%
	 40 – 49
	  	100%	 	37%
	 50 – 59
	  	100%	 	26%

  

	7.	 Policy Fee: 

The Company will pay the Reinsurer its share of the annual policy fee, subject to a 100% allowance in all years. 

 

	8.	 Cancellation: 

On and after February 29, 2016, the treaty will cancel for new business. 

 

	9.	 Reinsured Net Amounts At Risk: 

The net amount at risk will be based on the reinsured face amount; the products reinsured hereunder have no cash surrender values 

 

	10.	 Rate Basis: 

The rates in this subsection are on a non-participating basis. 

 

	11.	 Rate Guarantee: 

The Company’s direct, premiums are fully guaranteed for the life of the policy. Likewise, the reinsurance allowances set out in this
Exhibit are guaranteed for the life of the policy. 
  

	12.	 Minimum Recapture Period: 

Recapture not available. 

  

					
	 A5-I478580US-13(12-31-2015)

QT#12399US16
	  		  	Page 4

 Exhibit C-3 

Page 3 
  

 

	13.	 Conditions Requiring Claims Consultation: Before conceding liability or making settlement to the
claimant, the Company will seek the Reinsurer’s recommendation if: 

  

	 	a)	 The claim occurs during the contestable period and the Company is not contesting the claim; or

  

	 	b)	 The death occurs outside of the United States or Canada; or 

 

	 	c)	 The claim is one for which there is no body, i.e. the insured is missing and presumed dead.

  

	14.	 Special Conditions: 

Agreement Terms: The Reinsurer and the Company will revisit the terms of the Agreement prior to February 29, 2016, to consider product
changes under consideration by the Company and to further evaluate the volume of sales, first year lapse, and other aspects of the business sold. 

For Issue Ages 60 and above: The Company ceased accepting applications for policyholders issue ages 60 and above on February 1, 2015.

 Administration: The Company and the Reinsurer agree that they are continuing to work together to fully implement the reinsurance
administration within a timely manner. 
 Experience data: The Company agrees to periodically provide updated distribution, lapse,
and mortality experience data upon request. The Company and the Reinsurer to determine specifics around frequency and type of reporting to be provided in addition to periodic seriatim data updates. 

  

					
	 A5-I478580US-13(12-31-2015)

QT#12399US16
	  		  	Page 5

 Amendment No. 6 to the Automatic Self-Administered Accidental Death Benefit Rider Policy Coinsurance
Reinsurance Agreement l478560US-13 effective June 1, 2013, between FIDELITY LIFE ASSOCIATION, A LEGAL RESERVE LIFE INSURANCE COMPANY of Chicago, Illinois (“the Company”) and SWISS RE LIFE &
HEALTH AMERICA INC. of Jefferson City, Missouri (“the Reinsurer”). 
 The Agreement is amended as follows in order to extend coverage for new
business of the Stand-alone ADB with Family and Inflation Riders from February 29, 2016, to April 30, 2016: 
  

	 	1.	 Exhibit A, Business Covered is replaced in its entirety with the attached Exhibit A, Business Covered.

  

	 	2.	 Exhibit C-3, Rates and Terms for Accidental Death Benefit Rider Policy,
Optional Family Accidental Death Benefit Rider, and Optional Inflation Rider is replaced with the Exhibit C-3, Rates and Terms for Accidental Death Benefit Rider Policy, Optional Family Accidental Death Benefit Rider, and Optional Inflation Rider.

 All other provisions of the Reinsurance Agreement will continue unchanged. 

Made in duplicate and hereby executed by both parties. 
  

									
	 FIDELITY LINE ASSOCIATION, A LEGAL RESERVE LIFE INSURANCE COMPANY

					
	By:	 	/s/ Gregory J Roemelt	 		 	By:	 	/s/ Jim Harkensee
	Title:	 	Chief Actuary	 		 	Title:	 	 President & COO

	Date:	 	3/22/16	 		 	Date:	 	3/23/16

  

									
	SWISS RE LIFE & HEALTH AMERICA INC.	 		 		 	
					
	By:	 	UNDICIPHERABLE	 		 	By:	 	UNDICIPHERABLE
	Title:	 	VP	 		 	Title:	 	VP
	Date:	 	3/18/16	 		 	Date:	 	3/18/16

  

					
	 A6-I478580US-13(02-29-2016)

QT#12713US16
	  		  	Page 1

 Exhibit A 

Business Covered 
 Agreement Effective Date: 

June 1, 2013. The commencement dates for specific plans are shown below. 

Coverage: 
 The policy and riders shown below which have
policy issue dates falling in the period that begins with the Commencement Date and ends with the Termination Date and that qualify for automatic reinsurance are covered according to the Basis specified below, provided that the riders are issued to
citizens of the United States or legal permanent residents thereof. 
 Basis: 

 

	1.	 90% on a First Dollar Quota Share basis up to $450,000 per insured (100% of the total reinsurance) to the
maximum Automatic Acceptance Limits stated in Exhibit E. 

  

	2.	 50% on a First Dollar Quota Share basis up to $250,000 per insured (100% of the total reinsurance) to the
maximum Automatic Acceptance Limits stated in Exhibit E. 

 Company’s State of Domicile: Illinois 

 

									
	 Plan/Rider

Identification
	  	Basis	  	 Exhibit Reference 

for Rates
	  	 Commencement

Date
	  	 Termination

Dale

	Accidental Death	  		  		  		  	
	Benefit Rider Policy*	  	1.	  	C-1	  	June 1, 2013	  	June 30, 2014
		  	1.	  	C-2	  	July 1, 2014	  	January 31, 2015
		  	2.	  	C-3	  	February 1, 2015	  	April 30, 2016
	Optional Family Accidental	  		  		  		  	
	 Death Benefit Rider
 attached to
Accidental
	  		  		  		  	
	Death Benefit Policy**	  	1.	  	C-l	  	June 1, 2013	  	June 30, 2014
		  	1.	  	C-2	  	July 1, 2014	  	January 31, 2015
		  	2.	  	C-3	  	February 1, 2015	  	April 30, 2016
	 Optional Inflation Rider
 attached to
Accidental
	  		  		  		  	
	Death Benefit Policy	  	1.	  	C-1	  	June 1, 2013	  	June 30, 2014
		  	1.	  	C-2	  	July 1, 2014	  	January 31, 2015
		  	2.	  	C-3	  	February 1, 2015	  	April 30, 2016

  

	*	 Embedded benefits include Auto Safety Benefit and Travel Benefit (not subject to an additional reinsurance
premium). 

	**	 Embedded benefits include Auto Safety Benefit, College Fund Benefit, Double Tragedy Benefit and Travel Benefit
(not subject to an additional reinsurance premium). 

  

					
	 A6-I478580US-13(02-29-2016)

QT#12713US16
	  		  	Page 2

 Exhibit C-3 

(effective February 29, 2016) 
 Rates and
Terms for Accidental Death Benefit Rider Policy 
 Optional Family Accidental Death Benefit Rider 

Optional Inflation Rider 
  

	1.	 Reinsurance Structure: Coinsurance 

 

	2.	 Age Basis: Age Last Birthday 

 

	3.	 Premium Mode: Reinsurance premium mode will follow the premium mode of the underlying policy.

  

	4.	 Billing Frequency: Monthly 

 

	5.	 Gross Reinsurance Premiums: 

Reinsurance Premiums will be the appropriate quota share of the gross rate of premium charged by the Company, as shown below: 

 

									
	 Rider
	  	Rate per
$1,000	 	  	Policy Fee	 
	 ADB Rider (Face amounts under $100,000)
	  	$	1.04	 	  	$	50.00	 
	 ADB Rider (Face amounts over $100,000)
	  	$	0.99	 	  	$	55.00	 
	 Optional Family ADB Rider
	  	$	0.45	 	  	 	N/A	 
	 Optional Inflation Rider (without Family ADB Rider)
	  	$	0.17	 	  	 	N/A	 
	 Optional Inflation Rider (with Family ADB Rider)
	  	$	0.22	 	  	 	N/A	 

 The modal loading for the above gross premium rates is specified below: 

 

	
	 Modal Factors

	 Annual, multiply 1.00

	 Semi-Annual, multiply 0.52

	 Quarterly, multiply 0.28

	 Monthly, multiply 0.087

  

					
	 A6-I478580US-13(02-29-2016)

QT#12713US16
	  		  	Page 3

 Exhibit C-3 

Page 2 
  

 

	6.	 Reinsurance Allowances: 

The Reinsurer agrees to pay allowances for reinsurance ceded under this Agreement equal to the gross reinsurance premium times the appropriate
allowance from the following table: 
 For New Business issued from February 1, 2015 and onwards: 

 

					
	 Issue Age
	  	 First Year
	 	 Renewal Years

	 20 – 29
	  	100%	 	24%
	 30 – 39
	  	100%	 	36%
	 40 – 49
	  	100%	 	37%
	 50 – 59
	  	100%	 	26%

  

	7.	 Policy Fee: 

The Company will pay the Reinsurer its share of the annual policy fee, subject to a 100% allowance in all years. 

 

	8.	 Cancellation: 

On and after April 30, 2016, the treaty will cancel for new business. 
  

	9.	 Reinsured Net Amounts At Risk: 

The net amount at risk will be based on the reinsured face amount; the products reinsured hereunder have no cash surrender values 

 

	10.	 Rate Basis: 

The rates in this subsection are on a non-participating basis. 

 

	11.	 Rate Guarantee: 

The Company’s direct premiums are fully guaranteed for the life of the policy. Likewise, the reinsurance allowances set out in this
Exhibit are guaranteed for the life of the policy. 
  

	12.	 Minimum Recapture Period: 

Recapture not available. 

  

					
	 A6-I478580US-13(02-29-2016)

QT#12713US16
	  		  	Page 4

 Exhibit C-3 

Page 3 
  

 

	13.	 Conditions Requiring Claims Consultation: Before conceding liability or making settlement to the
claimant, the Company will seek the Reinsurer’s recommendation if: 

  

	 	a)	 The claim occurs during the contestable period and the Company is not contesting the claim; or

  

	 	b)	 The death occurs outside of the United States or Canada; or 

 

	 	c)	 The claim is one for which there is no body, i.e. the insured is missing and presumed dead.

  

	14.	 Special Conditions: 

Agreement Terms: The Reinsurer and the Company will revisit the terms of the Agreement prior to April 30, 2016, to consider product
changes under consideration by the Company and to further evaluate the volume of sales, first year lapse, and other aspects of the business sold. 

For Issue Ages 60 and above: The Company ceased accepting applications for policyholders issue ages 60 and above on February 1,
2015. 
 Administration: The Company and the Reinsurer agree that they are continuing to work together to fully implement the
reinsurance administration within a timely manner. 
 Experience data: The Company agrees to periodically provide updated
distribution, lapse, and mortality experience data upon request. The Company and the Reinsurer to determine specifics around frequency and type of reporting to be provided in addition to periodic seriatim data updates. 

  

					
	 A6-I478580US-13(02-29-2016)

QT#12713US16
	  		  	Page 5

 Amendment No. 7 to the Automatic Self-Administered Accidental Death Benefit Rider Policy Coinsurance
Reinsurance Agreement I478580US-13 effective June 1, 2013, between FIDELITY LIFE ASSOCIATION, A LEGAL RESERVE LIFE INSURANCE COMPANY of Chicago, Illinois (“the Company”) and SWISS RE
LIFE & HEALTH AMERICA INC. of Jefferson City, Missouri (“the Reinsurer”). 
 The Agreement is amended as follows in order to extend
coverage for new business of the Stand-alone ADB with Family and Inflation Riders from April 30, 2016 to September 30, 2016: 
  

	 	1.	 Exhibit A, Business Covered is replaced in its entirety with the attached Exhibit A, Business Covered.

  

	 	2.	 Exhibit C-3, Rates and Terms for Accidental Death Rider Policy.
Optional Family Accidental Death Benefit Rider, and Optional Inflation Rider is replaced with the Exhibit C-3, Rates and Terms for Accidental Death Benefit Rider Policy, Optional Family Accidental Death
Benefit Rider, and Optional Inflation Rider. 

 All other provisions of the Reinsurance Agreement will continue unchanged.

 Made in duplicate and hereby executed by both parties. 
  

									
	FIDELITY LIFE ASSOCIATION, A LEGAL RESERVE LIFE INSURANCE COMPANY
					
	By:	 	/s/ Gregory J Roemelt	 		 	By:	 	/s/ Jim Harkensee
	Title:	 	Chief Actuary	 		 	Title:	 	President & COO
	Date:	 	5/16/2016	 		 	Date:	 	5/16/2016
			
	SWISS RE LIFE & HEALTH AMERICA INC.	 		 	
					
	By:	 	UNDICIPHERABLE	 		 	By:	 	UNDICIPHERABLE
	Title:	 	VP	 		 	Title:	 	SVP
	Date:	 	5/9/16	 		 	Date:	 	5/9/2016

  

					
	 A7-I478580US-13(04-30-2016)

QT#12933US16
	  		  	Page 1

 Exhibit A 

Business Covered 
 Agreement Effective Date: 

June 1, 2013. The commencement dates for specific plans are shown below. 

Coverage: 
 The policy and riders shown below which
have policy issue dates falling in the period that begins with the Commencement Date and ends with the Termination Date and that qualify for automatic reinsurance are covered according to the Basis specified below, provided that the riders
are issued to citizens of the United States or legal permanent residents thereof. 
 Basis: 

 

	1.	 90% on a First Dollar Quota Share basis up to $450,000 per insured (100% of the total reinsurance) to the
maximum Automatic Acceptance Limits stated in Exhibit E. 

  

	2.	 50% on a First Dollar Quota Share basis up to $250,000 per insured (100% of the total reinsurance) to the
maximum Automatic Acceptance Limits stated in Exhibit E. 

 Company’s State of Domicile: Illinois 

 

									
	 Plan/Rider

Identification
	  	Basis	  	 Exhibit Reference

for Rates
	  	 Commencement

Date
	  	 Termination

Date

	Accidental Death	  		  		  		  	
	Benefit Rider Policy*	  	1.	  	C-1	  	June 1, 2013	  	June 30, 2014
		  	1.	  	C-2	  	July 1, 2014	  	January 31, 2015
		  	2.	  	C-3	  	February 1, 2015	  	September 30, 2016
	Optional Family Accidental	  		  		  		  	
	Death Benefit Rider attached to Accidental	  		  		  		  	
	Death Benefit Policy**	  	1.	  	C-1	  	June 1, 2013	  	June 30, 2014
		  	1.	  	C-2	  	July 1, 2014	  	January 31, 2015
		  	2.	  	C-3	  	February 1, 2015	  	September 30, 2016
	Optional Inflation Rider attached to Accidental	  		  		  		  	
	Death Benefit Policy	  	1.	  	C-1	  	June 1, 2013	  	June 30, 2014
		  	1.	  	C-2	  	July 1, 2014	  	January 31, 2015
		  	2.	  	C-3	  	February l, 2015	  	September 30, 2016

  

	*	 Embedded benefits include Auto Safety Benefit and Travel Benefit (not subject to an additional reinsurance
premium). 

	**	 Embedded benefits include Auto Safety Benefit, College Fund Benefit, Double Tragedy Benefit and Travel Benefit
(not subject to an additional reinsurance premium). 

  

					
	 A7-I478580US-13(04-30-2016)

QT#12933US16
	  		  	Page 2

 Exhibit C-3 

(effective April 30, 2016) 
 Rates and
Terms for Accidental Death Benefit Rider Policy 
 Optional Family Accidental Death Benefit Rider 

Optional Inflation Rider 
  

	1.	 Reinsurance Structure: Coinsurance 

 

	2.	 Age Basis: Age Last Birthday 

 

	3.	 Premium Mode: Reinsurance premium mode will follow the premium mode of the underlying policy.

  

	4.	 Billing Frequency: Monthly 

 

	5.	 Gross Reinsurance Premiums: 

Reinsurance Premiums will be the appropriate quota share of the gross rate of premium charged by the Company, as shown below: 

 

									
	 Rider
	  	Rate per
$1,000	 	  	Policy Fee	 
	 ADB Rider (Face amounts under $100,000)
	  	$	1.04	 	  	$	50.00	 
	 ADB Rider (Face amounts over $100,000)
	  	$	0.99	 	  	$	55.00	 
	 Optional Family ADB Rider
	  	$	0.45	 	  	 	N/A	 
	 Optional Inflation Rider (without Family ADB Rider)
	  	$	0.17	 	  	 	N/A	 
	 Optional Inflation Rider (with Family ADB Rider)
	  	$	0.22	 	  	 	N/A	 

 The modal loading for the above gross premium rates is specified below: 

 

	
	 Modal Factors

	 Annual, multiply 1.00

	 Semi-Annual, multiply 0.52

	 Quarterly, multiply 0.28

	 Monthly, multiply 0.087

  

					
	 A7-I478580US-13(04-30-2016)

QT#12933US16
	  		  	Page 3

 Exhibit C-3 

Page 2 
  

 

	6.	 Reinsurance Allowances: 

The Reinsurer agrees to pay allowances for reinsurance ceded under this Agreement equal to the gross reinsurance premium times the appropriate
allowance from the following table: 
 For New Business issued from February 1, 2015 and onwards: 

 

					
	 Issue Age
	  	 First Year
	 	 Renewal Years

	 20 - 29
	  	100%	 	24%
	 30 - 39
	  	100%	 	36%
	 40 - 49
	  	100%	 	37%
	 50 - 59
	  	100%	 	26%

  

	7.	 Policy Fee: 

The Company will pay the Reinsurer its share of the annual policy fee, subject to a 100% allowance in all years. 

 

	8.	 Cancellation: 

On and after September 30, 2016, the treaty will cancel for new business. 

 

	9.	 Reinsured Net Amounts At Risk: 

The net amount at risk will be based on the reinsured face amount; the products reinsured hereunder have no cash surrender values 

 

	10.	 Rate Basis: 

The rates in this subsection are on a non-participating basis. 

 

	11.	 Rate Guarantee: 

The Company’s direct premiums are fully guaranteed for the life of the policy. Likewise, the reinsurance allowances set out in this
Exhibit are guaranteed for the life of the policy. 
  

	12.	 Minimum Recapture Period: 

Recapture not available. 

  

					
	 A7-I478580US-13(04-30-2016)

QT#12933US16
	  		  	Page 4

 Exhibit C-3 

Page 3 
  

 

	13.	 Conditions Requiring Claims Consultation: Before conceding liability or making settlement to the
claimant, the Company will seek the Reinsurer’s recommendation if: 

  

	 	a)	 The claim occurs during the contestable period and the Company is not contesting the claim; or

  

	 	b)	 The death occurs outside of the United States or Canada; or 

 

	 	c)	 The claim is one for which there is no body, i.e. the insured is missing and presumed dead.

  

	14.	 Special Conditions: 

Agreement Terms: The Reinsurer and the Company will revisit the terms of the Agreement prior to September 30, 2016, to consider product
changes under consideration by the Company and to further evaluate the volume of sales, first year lapse, and other aspects of the business sold. 

For Issue Ages 60 and above: The Company ceased accepting applications for policyholders issue ages 60 and above on February 1, 2015.

 Administration: The Company and the Reinsurer agree that they are continuing to work together to fully implement the reinsurance
administration within a timely manner. 
 Experience data: The Company agrees to periodically provide updated distribution, lapse, and
mortality experience data upon request. The Company and the Reinsurer to determine specifics around frequency and type of reporting to be provided in addition to periodic seriatim data updates. 

  

					
	 A7-I478580US-13(04-30-2016)

QT#12933US16
	  		  	Page 5

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