ACCUMULATION PROGRAM Sample Clauses
The Accumulation Program clause establishes a framework for systematically collecting or accruing certain benefits, points, or assets over time, typically as part of a rewards or incentive system. In practice, this clause outlines the rules for how participants can earn and accumulate these rewards, such as through repeated purchases, continued service, or meeting specific milestones. Its core function is to incentivize ongoing engagement or loyalty by providing a structured method for participants to gain increasing value the longer they participate.
ACCUMULATION PROGRAM. REINSURANCE PREMIUM ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS) ------------------------------ -------------------------------------------------- -------------------- Guaranteed Accumulation PEP Product 150.00 Benefit
ACCUMULATION PROGRAM. REINSURANCE PREMIUM ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS) -------------------------------- ------------------------------------------- ------------------- Guaranteed Accumulation Benefit All Products 75.00 AMENDMENT NO. 17 TO AUTOMATIC REINSURANCE AGREEMENT EFFECTIVE AS OF DECEMBER 1, 2004 (Agreement) between METROPOLITAN LIFE INSURANCE COMPANY (Cedent) and EXETER REASSURANCE COMPANY, LTD. (Reinsurer) The Agreement is hereby amended, as of October 10, 2011, as follows:
1. The attached Schedule A, Plans of Reinsurance, amends and, as amended, restates Schedule A, Plans of Reinsurance.
2. The attached Exhibit II, Reinsurance Premiums, amends and, as amended, restates Exhibit II, Reinsurance Premiums. This Amendment No. 17 does not alter, amend or modify the Agreement other than as set forth herein, and the terms and conditions of the Agreement, as amended herein, continue in effect without other change. In Witness whereof, the parties have caused this Amendment No. 17 to be signed in duplicate counterparts as of the date first above written. METROPOLITAN LIFE INSURANCE COMPANY By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ------------------------------------- Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇ ------------------------------------- Title: Senior Vice President ------------------------------------- EXETER REASSURANCE COMPANY, LTD. By: /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ------------------------------------- Name: ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ------------------------------------- Title: Vice President and Actuary ------------------------------------- SCHEDULE A PLANS OF REINSURANCE
A. Reinsurer's Percentage: 100% of the business described herein.
B. Effective Date: December 1,2004
C. Reinsured Contracts: METROPOLITAN LIFE INSURANCE COMPANY DEFERRED ANNUITY CONTRACTS -------------------------- Preference Plus Select Variable Annuity - All Share Classes Preference Premier - All Share Classes FORM NUMBERS ------------ Guaranteed Minimum Death Benefits Ceded: ---------------------------------------- Fifth Year Step-up: Form ML-535 (07/01) Annual Step-Up: Form ML-550 (07/01) Greater of Annual Step-Up and 5% Rollup: Form ML-540(07/01) Enhanced Death Benefit: Form ML-640-1 (4/08) Enhanced Death Benefit II: Form ML-640-1 (4/08) & Endorsement ML-RMD (7/10)-E Enhanced Death Benefit III: Form ML-640-1 (4/08) & Endorsement ML-RMD (7/10)-E Enhanced Death Benefit Max: Form ML-640-1 (4/08) & Endorsement ML-RMD (7/10)-E Enhanced Death Benefit ▇▇▇ ▇▇: Form ML-640-1 (4/08) & Endorsement ML-RMD (7/10)-E Additional Death Benef...
ACCUMULATION PROGRAM. REINSURANCE PREMIUM ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS) ------------------------------- ------------------------------------------------ ------------------- Guaranteed Accumulation Benefit PEP PRODUCT 150.00 Guaranteed Accumulation Benefit All OTHER PRODUCTS 75.00 AMENDMENT NO. 6 TO AUTOMATIC REINSURANCE AGREEMENT EFFECTIVE AS OF APRIL 1, 2001 AMENDED AND RESTATED AS OF JULY 1, 2004 (Agreement) between METLIFE INVESTORS USA INSURANCE COMPANY (Cedent) and EXETER REASSURANCE COMPANY, LTD. (Reinsurer)
ACCUMULATION PROGRAM. REINSURANCE PREMIUM ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS) -------------------------- --------------------------- --------------------- Guaranteed Accumulation Benefit PEP Product 150.00 Guaranteed Accumulation Benefit All Other Products 75.00 AMENDMENT NO. 5 TO AUTOMATIC REINSURANCE AGREEMENT EFFECTIVE AS OF APRIL 1, 2001 AMENDED AND RESTATED AS OF JULY 1, 2004 (Agreement) between METLIFE INVESTORS USA INSURANCE COMPANY (Cedent) and EXETER REASSURANCE COMPANY, LTD. (Reinsurer) The Agreement is hereby amended as follows: