Document:

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                                                               EXHIBIT 10.22
                                                                       ---------

                               TERM LOAN AGREEMENT

                  TERM LOAN AGREEMENT ("Agreement"), dated as of March 1, 2001,
between REINSURANCE GROUP OF AMERICA, INCORPORATED ("Company"), a Missouri
corporation headquartered at 1370 Timberlake Manor Parkway, Chesterfield,
Missouri 63017 and METLIFE CREDIT CORP. ("Lender"), a Delaware corporation
headquartered at One Madison Avenue, New York, NY 10010-3690.

The Company and the Lender agree as follows:

                                    Article I

                            Amount and Terms of Loan

1.       Subject to the terms and conditions herein set forth, the Lender shall
         lend to the Company and the Company shall borrow from the Lender the
         sum of Seventy-five million dollars ($75,000,000).

2.       The borrowing shall be evidenced by a promissory note ("Note") to the
         order of the Lender in the form of "Exhibit 1" attached here to, which
         shall be dated the closing date, duly executed by the Company with
         blanks suitably filled in conformity herewith and in the principal
         amount of $75,000,000. The Note shall mature on June 30, 2004.

3.       The Note shall bear interest before maturity at a rate equivalent to
         75.5 basis points in excess of the Interest Reference Rate, which
         interest rate will change, when and as such Interest Reference Rate
         shall change, on the 1st day of each calendar month prior to June 30,
         2004. Interest shall be payable to a Lender on the 1st day of each such
         month and at the maturity of the Note.

                                   Article II

                              Right to Prepay Note

The Company shall have the right, at any time and from time to time, to prepay
without penalty all or any part of the Note.

                                   Article III

                         Representations and Warranties

The Company represents and warrants that:

1.       The consolidated GAAP balance sheet of the Company and its subsidiaries
         as at September 30, 2000 and the consolidated statements of profit and
         loss and capital of the Company and its subsidiaries for the year
         ending September 30, 2000 heretofore furnished to the Lender, are
         complete and correct and fairly present the consolidated financial
         condition of the Company and its subsidiaries as at the date of such
         balance

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         sheet and the results of their operations for such period,
         respectively. To the best of the Company's knowledge and belief,
         neither the Company nor any of its subsidiaries has any material or
         substantial contingent obligation or liability for taxes not disclosed
         by or reserved against in such balance sheet. Since September 30,
         2000, there has been no material adverse change in the consolidated
         financial condition of the Company and its subsidiaries.

2.       There are no suits or proceedings pending or, to the knowledge of the
         Company, threatened against or affecting the Company or any of its
         subsidiaries which, in the opinion of counsel for the Company, will
         have a material adverse effect on the financial condition or business
         of the Company and its subsidiaries.

3.       The Company has full power and authority to execute and perform the
         terms and provisions of this Agreement and to borrow hereunder.

                                   Article IV

                             Conditions of Borrowing

The obligation of the Lender to lend pursuant to this Agreement is subject to
the satisfaction, in the opinion of the Lender, of the following conditions:

1.       The Lender shall have received from the General Counsel of the Company,
         a favorable opinion to the effect that: (a) the Company is a validly
         organized and existing corporation; (b) the Company has full power and
         authority to execute, deliver and carry out this Agreement and has duly
         authorized its officers executing this Agreement so to do; (c) the
         making of this Agreement by the Company is not in violation of any
         charter provision, bylaw or regulation of the Company, or any
         contractual obligation binding upon the Company and (d) this Agreement
         so executed and the Company's Note given pursuant hereto will
         constitute binding obligations of the Company.

2.       The Company shall have furnished the Lender a certified copy of all
         resolutions of the Board of Directors of the Company pertaining to the
         execution of this Agreement and the borrowing of money pursuant hereto.

                                    Article V

                              Affirmative Covenants

1.       Until all indebtedness incurred pursuant to this Agreement has been
         paid in full and the Company no longer has the right to borrow
         hereunder, the Company will:

         (a)      Furnish to the Lender, not later than 90 days after the end of
                  each fiscal year of the Company, a consolidated profit and
                  loss statement and statement of capital of the Company and its
                  subsidiaries for such year an a consolidated balance sheet of
                  the Company and its subsidiaries as of the last day of such
                  fiscal year, all in

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                  reasonable detail and satisfactory in scope to the Lender and
                  all certified by Deloitte & Touche or other independent public
                  accountants satisfactory to the Lender;

         (b)      Furnish to the Lender, not later than 60 days after a close of
                  each quarter-annual period (except the last quarter-annual
                  period of each year), a consolidated profit and loss and
                  capital statement of the Company and its subsidiaries for
                  their current fiscal year to and including the period then
                  ending and a consolidated balance sheet of the Company as of
                  the last day of such period, which statements and balance
                  sheets shall be in reasonable detail and certified by an
                  appropriate officer of the Company;

         (c)      From time to time furnish to the Lender all financial
                  information, including proxy statements, furnished by the
                  Company to its shareholders;

         (d)      With reasonable promptness, furnish to the Lender such
                  additional financial statements and such data and information
                  concerning the financial condition of the Company and its
                  subsidiaries as may reasonably be requested by the Lender,
                  provided that none of the provisions of this Section 1 shall
                  require the Company to give the Lender any information which
                  it is prohibited from giving the Lender by any governmental
                  regulation;

         (e)      At all times keep its property insured against loss or damage
                  to the extent and against the risks that similar property is
                  usually insured by other companies engaged in the same
                  business, and will cause its subsidiaries so to do; and

         (f)      Promptly pay and discharge, and cause its subsidiaries to pay
                  and discharge, all taxes and assessments levied and assessed
                  or imposed upon its property or upon its income, as well as
                  all claims which, if unpaid, might by law become a lien or
                  charge upon its property, provided that nothing herein
                  contained  shall require the Company or any of its
                  subsidiaries to pay any such taxes, assessments or claims so
                  long as the Company or such subsidiary shall in good faith
                  contest the validity and stay the execution and enforcement
                  thereof.

2.       At the time of furnishing each financial statement specified in Section
         1 of this Article V, the Company shall furnish to the Lender an
         officer's certificate stating that there exists no event of default, as
         defined in Article VII, or if any such event of default exists
         specifying the nature hereof, the period of existence thereof and what
         action the Company proposes to take with respect thereto.

                                   Article VI

                               Negative Covenants

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1.       Until all indebtedness incurred pursuant to this Agreement has been
         paid in full, the Company will not permit its consolidated GAAP capital
         at any time to be less than $700,000,000.

2.       Until all indebtedness incurred pursuant to this Agreement has been
         paid in full, the Company will not and will not permit any of its
         subsidiaries, to:

         (a)      Sell or otherwise dispose of any shares of stock or funded or
                  current debt of any subsidiary except to the Company or
                  another subsidiary, and except that all shares of stock and
                  debt of any subsidiary at the time owned by or owed to the
                  Company and all subsidiaries may be sold as an entirety for a
                  cash consideration which represents that fair value (as
                  determined in good faith by the Board of Directors of the
                  Company) at the time of sale of the shares and debt so sold,
                  provided that (i) the assets of such subsidiary do not
                  constitute a substantial part of the consolidated assets of
                  the Company and all of its subsidiaries, and (ii) at the time
                  of such sale, such subsidiary shall not own, directly or
                  indirectly, any shares of stock or debt of any other
                  subsidiary (unless all of the shares of stock and debt of such
                  other subsidiary owned, directly or indirectly, by the Company
                  and all of its subsidiaries are simultaneously being sold as
                  permitted by this Section 2(a)); or

         (b)      Merge or consolidate with any other corporation, or sell,
                  lease, transfer or otherwise dispose of all or any substantial
                  part of its assets, or change its corporate name, except that
                  (1) any subsidiary may merge or consolidate with the Company
                  (provided that the Company shall be the continuing or
                  surviving corporation) or with any one or more other
                  subsidiaries; (2) any subsidiary may sell, lease, transfer or
                  otherwise dispose of any of its assets to the Company or
                  another subsidiary; (3) any subsidiary may sell or otherwise
                  dispose of all or substantially all of its assets subject to
                  the conditions specified in Section 2(a) of this Article VI
                  with respect to a sale of the stock of such subsidiary; and
                  (4) the Company may merge or consolidate, or sell or dispose
                  of all or substantially all of its assets, provided that (i)
                  the Company shall be the continuing or surviving corporation,
                  or (ii) the successor or acquiring corporation shall assume
                  all of the obligations of the Company pursuant to this
                  Agreement and the Note, including all covenants herein and
                  therein contained, and (iii) the Company as the continuing or
                  surviving corporation or the successor or acquiring
                  corporation, as the case may be, shall not, immediately after
                  such merger or consolidation, or such sale or other
                  disposition, be in default as to any of such obligations.

                                   Article VII

                                Events of Default

If any of the following events shall occur and be continuing: if the Company
defaults in the payment of any principal of the Note when the same shall become
due, either by the terms thereof or otherwise as herein provided; or if the
Company defaults

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in the payment of any interest on the Note for more than ten days after the due
date thereof; or if the Company defaults in any payment of principal or of
interest on any other obligation for borrowed money (including any purchase
money obligation) beyond any period of grace provided with respect thereto or in
the performance of any other agreement, term or condition contained in any
agreement pursuant to which any such obligation is created if the effect of such
default is to cause, or permit the holder or holders of such obligation (or a
trustee on behalf of such holder or holders) to cause, such obligation to become
due prior to its stated maturity; or if any material representation or warranty
made by the Company in this Agreement or in any writing furnished in connection
with or pursuant to this Agreement shall be false in any material respect on the
date as of which made; or if the Company defaults in the performance or
observance of any other agreement, term or condition contained in this Agreement
and such default shall not have been remedied within 30 days after written
notice thereof shall have been received by the Company from the holder of the
Note; or if the Company or any of its subsidiaries makes an assignment for the
benefit of creditors; or if the Company or any of its subsidiaries makes an
assignment for the benefit of creditors; or if the Company or any of its
subsidiaries commences any proceeding relating to the Company or any of its
subsidiaries under any bankruptcy, reorganization, rehabilitation, arrangement,
insolvency, readjustment of debt, dissolution or liquidation law of any
jurisdiction, whether now or hereafter in effect; or if any such petition or
application is filed, or any such proceedings are commenced, against the Company
or any of its subsidiaries, and the Company or such subsidiary by any act
indicates its approval thereof, consent thereto or acquiescence therein, or if
an order is entered appointing any trustee, receiver, liquidator, custodian or
rehabilitator for the Company or any of its subsidiaries or adjudicating the
Company or any of its subsidiaries bankrupt or insolvent, or approving the
petition in any such proceedings, and such order remains in effect and unstayed
for more than 60 days; or if any order is entered in any proceedings against the
Company or any of its subsidiaries decreeing the dissolution or split-up of the
Company or any of its subsidiaries, and such order remains in effect and
unstayed for more than 60 days, then the Lender may, by notice in writing to the
Company, declare the Note to be forthwith due and payable, together with all
interest accrued thereon.

                                  Article VIII

                                   Definitions

For the purposes of this Agreement, the following terms shall have the following
meanings:

1.       "Person" shall mean and include an individual, a partnership, a
         corporation, a trust, an unincorporated organization and a government
         of any department or agency thereof.

2.       "Subsidiary" shall mean any corporation organized under the laws of any
         state of the United States of America or of any foreign country, a
         majority of the voting stock of which shall, at the time as of which
         any determination is being made, be owned by the Company either
         directly or through its subsidiaries.

3.       "Consolidated GAAP capital" shall mean the excess of consolidated
         assets over consolidated liabilities of the Company and its
         subsidiaries, both determined in accordance with generally accepted
         accounting principles, provided that the effects of

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         Statement of Financial Standards No. 115 promulgated by the Financial
         Standards Board shall not be considered.

4.       "Event of default" shall mean any of events specified in Article VII,
         provided that there has been satisfied any requirement in connection
         with such event for the giving of notice, or the lapse of time, or the
         happening of any further condition, event or act, and "default" shall
         mean any of such events, whether or not any such requirement has been
         satisfied.

5.       "Interest Reference Rate" shall mean the 30-day AA financial discount
         rate on commercial paper as made available on the Federal Reserve
         Board's internet website, http://www.federalreserve.gov/releases/CP/
         (or on such other internet website as shall replace
         http://www.federalreserve.gov/releases/CP/.

6.       "Officer's certificate" shall mean a certificate signed in the name of
         the Company by its President, one of its Vice Presidents or its Chief
         Financial Officer;

7.       "Note" shall mean the promissory note of the Company, substantially in
         the form of Exhibit 1 attached to this Agreement.

                                   Article IX

                                  Miscellaneous

1.       This Agreement may be amended, and the Company may take any action
         herein prohibited, or omit to perform any act herein required to be
         performed by it, if the Company shall obtain the written consent of the
         Lender to such amendment, action or omission to act.

2.       All representations and warranties contained herein or made in writing
         by the Company in connection herewith shall survive the execution and
         delivery of this Agreement and of the Note.

3.       All covenants and agreements in this Agreement contained by or on
         behalf of either of the parties hereto shall bind and inure to the
         benefit of the respective successors and assigns of the parties hereto
         whether so expressed or not.

4.       All communications provided for hereunder shall be sent by first class
         mail and, if to the Lender, to its offices at One Madison Avenue, New
         York, NY 10010-3690, to the attention of William H. Nugent, and, if to
         the Company, to its offices at 1370 Timberlake Manor Parkway,
         Chesterfield, MO 63017, to the attention of the Chief Financial
         Officer, or to such other address with respect to any party as such
         party shall notify the others in writing.

5.       No delay on the part of the Lender in exercising any right, power or
         privilege granted in this Agreement shall operate as a waiver thereof,
         nor shall any single or partial exercise of any such right, power or
         privilege preclude any other or further exercise thereof. The

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         rights and remedies in this Agreement expressly specified are
         cumulative and not exclusive of any other rights and remedies that the
         Lender would otherwise have.

6.       This Agreement shall terminate when the Note issued pursuant hereto has
         been paid in full.

7.       This Agreement may be executed by the parties her to on separate
         counterparts. Complete sets of counterparts executed by all the parties
         hereto shall be lodged with the Company and the Lender.

The parties hereto have caused this Agreement to be duly executed by their
respective duly authorized officers as of the day and year first above written.

REINSURANCE GROUP OF AMERICA,           METLIFE CREDIT CORP.
         INCORPORATED

By   /s/ Jack B. Lay                    By   /s/ William H. Nugent
  ----------------------------------       -------------------------------------
         Jack B. Lay,                            William H. Nugent,
         Executive Vice President                Vice-President and Treasurer

ATTEST:       /s/ James E. Sherman      ATTEST:      /s/ George M. Bryant
       -----------------------------           ---------------------------------
                  James E. Sherman,                      George M. Bryant,
                  Secretary                              Secretary

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                                                                       EXHIBIT 1

                                 Promissory Note

$75,000,000

REINSURANCE GROUP OF AMERICA, INCORPORATED, a Missouri corporation, for value
received, hereby promises to pay to the order of METLIFE CREDIT CORP., a
Delaware corporation, the principal sum of $75,000,000 on or before June 30,
2004.

Interest before maturity is payable on the principal amount hereof from time to
time remaining unpaid at a rate equivalent to 75.5 basis points in excess of the
Interest Reference Rate (as defined in the Term Loan Agreement referred to
below), which interest rate shall change, when and as such Interest Reference
Rate shall change, on the 1st day of each calendar month prior to June 30, 2004.
Interest shall be paid by the 1st day of each such month and at the maturity
hereof. Overdue payments of principal and interest shall draw simple interest at
the same rate, and both principal and interest shall be paid at the main office
of the MetLife Credit Corp. hereof in lawful money of the United States.

This Note is issued pursuant to the Term Loan Agreement, dated as of March 1,
2001, between the undersigned and MetLife Credit Corp., to which Agreement
reference is hereby made for a description of the right of the undersigned to
prepay this Note, the conditions upon which MetLife Credit Corp. may accelerate
to the maturity hereof and the other terms and conditions upon which this Note
is issued.

REINSURANCE GROUP OF AMERICA,
INCORPORATED

By
  ------------------------------------------
         Jack B. Lay,
         Executive Vice President

ATTEST:
       -------------------------------------
         James E. Sherman,
         Secretary

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                                                                   EXHIBIT 10.24

                                   2987-00-00

                        ADMINISTRATIVE SERVICES AGREEMENT

                                 BY AND BETWEEN

                             RGA REINSURANCE COMPANY

                           (HEREIN CALLED THE CLIENT)

                                       AND

                     GENERAL AMERICAN LIFE INSURANCE COMPANY

                     (HEREIN CALLED THE SERVICE CONTRACTOR)

WHEREAS, the Client is an insurance company licensed in various states; and

WHEREAS, the Service Contractor is an insurance company licensed in various
states and capable of providing various administrative services; and

WHEREAS, the Client reinsures certain Bank Owned Life Insurance ("BOLI")
policies (hereinafter called "the Policies"); and

WHEREAS, the Client desires that the Service Contractor provide certain services
in connection with the administration and operation of the Policies; and

WHEREAS, the Service Contractor is willing to provide such services;

NOW, THEREFORE, in consideration of the payments to the Service Contractor as
provided for herein and subject to the terms and conditions contained herein, it
is hereby agreed as follows:

Section 1.  Services

The Service Contractor will provide the services listed in Appendix A, subject
to modification as provided herein, for the administration and operation of the
Policies; such services to be coordinated by a representative of the Service
Contractor to assure effective and efficient operation of the Policies. Such
policies shall be as covered under the Automatic Coinsurance Agreement and the
Automatic Yearly Renewable Term Agreement between USAA Life Insurance Company
and RGA Reinsurance Company effective January 1, 1997, attached as Appendix C
and Appendix D.
Section 2.  Client Reports Records and Information

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The Service Contractor hereby agrees to furnish the Client with certain
necessary reports, records, and information (see Exhibit F in Appendix C) in
order to carry out its duties hereunder.

It is mutually agreed that the Service Contractor shall not be responsible for
delay in the performance of its duties under this Agreement or for
non-performance hereunder, if such delay or non-performance is caused or
contributed to in whole or in part by the failure of the Client to promptly
furnish any required information.

Section 3.  Payments to the Service Contractor

For each month in which the Service Contractor performs duties pursuant to this
Agreement, the Client shall make payment to the Service Contractor of amounts
due within 10 days of the date of notification to the Client by the Service
Contractor. The amount due shall be determined in accordance with the Payment
Schedule in Appendix B.

The Service Contractor shall have the right to adjust its fees as of the date
(a) the Policies are amended to modify benefits, or (b) its cost of operation is
increased solely by virtue of a change in charges to the Service Contractor by a
governmental unit, but such adjustment shall be limited to the amount of the
change. The Service Contractor also shall have the right to adjust its fees on
the annual anniversary of this Agreement and annually thereafter.

Section 4.  General Provisions

         (a)      The Service Contractor in performing its duties under this
                  Agreement is acting only as agent of the Client, and the
                  rights and responsibilities of the parties shall be determined
                  in accordance with the law of agency except as otherwise
                  herein provided.

         (b)      The Service Contractor shall use reasonable care and diligence
                  in the exercise of its powers and the performance of its
                  duties hereunder, but shall not be liable for any mistake of
                  judgment or other action taken in good faith, or for any loss
                  unless resulting from its gross negligence.

         (c)      The Service Contractor agrees to indemnify the Client and hold
                  the Client harmless against any and all loss, damage, and
                  expense, including court costs and attorney's fees, resulting
                  from or arising out of the dishonest, fraudulent, criminal
                  acts or acts of gross negligence of the Service Contractor's
                  employees, either acting alone or in collusion with others.

         (d)      Except as provided in (c) above, the Client agrees to
                  indemnify the Service Contractor and hold the Service
                  Contractor harmless against any and all loss,

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                  damage, and expense, including court costs and attorney's
                  fees, resulting from or arising out of claims, demands, or
                  lawsuits brought against the Service Contractor in
                  administering the Policies or to recover benefits under the
                  Policies, including compensatory, punitive, or other damages,
                  and including but not limited to claims for premium taxes by
                  any governmental unit or other assessments made against the
                  Service Contractor by governmental units.

         (e)      The Service Contractor shall consult with the Client or legal
                  counsel designated by the Client in claim matters that are
                  beyond the ordinary. In the defense of any legal action on a
                  claim for benefits, the Service Contractor will furnish the
                  Client and its legal counsel all pertinent information
                  regarding the disputed claim, including the basis for its
                  denial. The defense of any legal action on a claim for
                  benefits shall not be the obligation of the Service
                  Contractor.

         (f)      The Service Contractor shall be entitled to rely upon any
                  communication believed by the Service Contractor to be genuine
                  and to have been signed or presented by the proper party or
                  parties.

                  The Service Contractor shall not be bound by any notice,
                  direction, requisition, or request unless and until it shall
                  have been received in writing, or by facsimile, by the Service
                  Contractor at its St. Louis, Missouri address, or at such
                  other address as the Service Contractor specifies for the
                  purposes of this Agreement by notice in writing addressed to
                  the Client. Notices or communications from the Service
                  Contractor to the Client shall be addressed to the Client and
                  shall be sent by mail or facsimile to the Client at the same
                  address designated by the Client.

         (g)      The Service Contractor shall have no power or authority to
                  alter, modify, or waive any terms or conditions of the
                  Policies, or to waive any breach of any such terms or
                  conditions, or to bind the Client, or to waive any of its
                  rights, by making any statement or by receiving at any time
                  any notice; or information.

         (h)      The Service Contractor shall have no power or authority to act
                  for or on behalf of the Client other than as herein expressly
                  granted, and no other or greater power or authority shall be
                  implied by the grant or denial of power or authority
                  specifically mentioned herein.

         (i)      The Service Contractor shall hold as the property of the
                  Client all papers, books, files, correspondence and records of
                  all kinds which at any time shall come into its possession or
                  under its control relating to the transactions performed by
                  the

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                  Service Contractor for the Client under this Agreement, and
                  shall surrender them to the Client upon termination of this
                  Agreement or upon prior request, except the Service Contractor
                  may periodically destroy such material as it would usually
                  destroy in the normal course of business.

         (j)      The Client shall have the right at all reasonable times and
                  upon reasonable notice to inspect at the office of the Service
                  Contractor or office of the Subcontractor all books, records
                  and documents relating to the administration of the Policies
                  under this Agreement and which relate to such inspection. Any
                  costs of such inspections shall be borne by the Client.

         (k)      Failure by the Client or the Service Contractor to insist upon
                  compliance with any provision of this Agreement at any given
                  time or under any given set of circumstances shall not operate
                  to waive or modify such provision or in any manner render it
                  unenforceable, as to any other time or as to any other
                  occurrence, whether the circumstances, are, or are not, the
                  same and no waiver of any of the terms or conditions of this
                  Agreement shall be valid or of any force or effect unless
                  contained in a written instrument specifically expressing such
                  waiver and signed by a person duly authorized to sign such
                  waiver.

         (l)      This Agreement, including any appendices or supplements
                  thereto, shall constitute the entire contract between the
                  parties and shall govern the rights, liabilities and
                  obligations of the parties hereto, except as it may be
                  modified in accordance with the provisions of Section 4.

         (m)      Except as otherwise provided herein, any assignment of this
                  Agreement or of any rights hereunder shall be void and of no
                  force or effect.

         (n)      It is understood that the Service Contractor performs purely
                  ministerial functions for the Client within a framework of
                  policies, interpretations, rules, practices and procedures
                  made by the Client.

         (o)      Under no circumstances shall the Service Contractor be
                  considered the named fiduciary under the Policies.

Section 5.  Controlling Law

This Agreement shall be construed and enforced according to the laws of the
State of Texas.

Section 6.  Separability

In the event any provision of this Agreement shall be held illegal or invalid
for any reason by law

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or a court of competent jurisdiction, said illegality or invalidity shall not
affect the remaining parts of this Agreement, but it shall be construed and
enforced as if said illegal or invalid provisions had not been included herein
either initially, or beyond the date it is first held to be illegal or invalid
if after the effective date of this Agreement, provided the basic purposes
hereof can be effectuated through the remaining valid and legal provisions.

Section 7.  Counterparts

This Agreement may be executed in any number of counterparts, each of which
shall be deemed an original, and said counterparts shall constitute but one and
the same instrument.

Section 8.  Currency and Place of Payments

All sums payable to, or payable by, the Service Contractor pursuant to this
Agreement shall be payable in the lawful currency of the United States of
America at its St. Louis, Missouri office.

Section 9.  Termination of Agreement

         (a)      If any state or other jurisdiction enacts a law which
                  prohibits the continuance of this Agreement, or the existing
                  law is interpreted to so prohibit the continuance of this
                  Agreement, the Agreement shall terminate automatically as to
                  such time or jurisdiction on the effective date of such law or
                  interpretation.

         (b)      The Client reserves the right to terminate this Agreement as
                  of any anniversary of the effective date of this Agreement by
                  giving written notice to the Service Contractor at least
                  ninety (90) days in advance of such date.

         (c)      The Service Contractor reserves the right to terminate this
                  Agreement.

                  (i)      As of January 1, 2000, or any anniversary of that
                           date, after January 1, 2000 by giving written notice
                           to the Client at least one-hundred and eighty (180)
                           days in advance of such date, and

                  (ii)     If the Client fails to make payments, pursuant to
                           Section 3, Termination of this Agreement in
                           accordance with this Item (ii) will be effective
                           immediately upon written notice from the Service
                           Contractor to the Client. Such notice may be by
                           telegram, facsimile, or delivered in person.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
by their respective officers duly authorized to do so, to be effective as of
January 1, 1997.

Dated at ________________________      RGA REINSURANCE COMPANY

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this ____________ day of ________        By:_____________________________

                                         ________________________________
                                         (Official Title)

Dated at ________________________        GENERAL AMERICAN LIFE INSURANCE COMPANY

this _________ day of ___________        By:_____________________________

                                         ________________________________

                                   APPENDIX A

                SERVICES TO BE PROVIDED BY THE SERVICE CONTRACTOR

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        TO BE ATTACHED TO AND MADE A PART OF THE AGREEMENT BY AND BETWEEN

                             RGA REINSURANCE COMPANY

                                       AND

                     GENERAL AMERICAN LIFE INSURANCE COMPANY

The services to be performed by the Service Contractor are as set forth as
follows.

Section 1.  Administration Services Provided

         (a)      Pre-Submission Approval. While no individual underwriting of
                  insureds is required on the Policies, the Service Contractor
                  will review, approve and/or make recommendations to the census
                  within defined guarantee issue parameters.

         (b)      Policy Issue. The Service Contractor will build the policy
                  administration records and prepare the master policy documents
                  within 90 days from receipt of monies, providing all necessary
                  submission requirements, (i.e., consent forms, master
                  application and census) are received.

         (c)      Premiums. The Service Contractor will perform the necessary
                  accounting to record all premium payments.

         (d)      Inforce Policy Administrator.

                  (i)      The Service Contractor will provide monthly reporting
                           of values within five days following the ninth
                           valuation date. The date is the issue day of the
                           policy.

                  (ii)     The Service Contractor will support policy changes.
                           These changes include title changes/ownership's,
                           beneficiary, assignee, name change) and contractual
                           changes (such as face inverses).

                  (iii)    The Service Contractor will calculate death claim
                           values in accordance with the terms of the Policies
                           and provide such values to Client for payment.

                             APPENDIX A (CONTINUED)

                  Section 2.  Financial Management Services Provided.

                                       7

<PAGE>   8

         (a)      The Service Contractor will provide:

                  (i)      cash flow testing report annually to show that
                           adequate reserves have been set aside;

                  (ii)     quarterly reports providing general ledger and
                           policy reserves data;

                  (iii)    annual Statement data for insurance in force
                           exhibits;

                  (iv)     experience analyses (lapses and mortality) annually,
                           with recommendations as to modification;

                  (v)      interest Crediting Rate analysis, report and
                           recommendations, on an annual basis,

                  (vi)     a monthly billing statement for services provided
                           under this agreement.

                                       8

<PAGE>   9

                                   APPENDIX B

                                PAYMENT SCHEDULE

        TO BE ATTACHED TO AND MADE A PART OF THE AGREEMENT BY AND BETWEEN

                             RGA REINSURANCE COMPANY

                                       AND

                     GENERAL AMERICAN LIFE INSURANCE COMPANY

The amount due the Service Contractor will be the following amounts:

Acquisition Expenses                   $5,000 per Case
Inforce Administration                 $0.40 per policy per month, plus .02%
                                       (annualized rate) times the Fund Value of
                                       the Policies
Product Management                     .05% (annualized rate) times the Fund
                                       Value of the Policies

The Fee is paid to the Service Contractor for services provided as outlined in
this Agreement. Fees for additional services not outlined in this agreement are
negotiable.

                                       9

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