EX-7.e
AMENDMENT NO. 3
to the
VARIABLE ANNUITY GMIB REINSURANCE AGREEMENT
EFFECTIVE MARCH 1, 2005
Between
XXXXXXX NATIONAL LIFE INSURANCE COMPANY OF NEW YORK
("CEDING COMPANY")
and
ACE TEMPEST LIFE REINSURANCE LTD.
("REINSURER")
Effective January 16, 2007, this Amendment is hereby attached to and becomes a
part of the above-described Reinsurance Agreement. It is mutually agreed that
the Agreement will be amended to update fund names, add new funds, include one
new rider and remove references to the B-share product which will not be
launched. To effect these changes, the following provisions of this Agreement
are hereby amended:
|X| Schedule B-1, CONTRACTS SUBJECT TO THIS REINSURANCE AGREEMENT,
Amendment #2, is hereby replaced by the attached Schedule B-1.
|X| Schedule B-2, SUBACCOUNTS SUBJECT TO THIS REINSURANCE AGREEMENT,
Amendment #2, is hereby replaced by the attached Schedule B-2.
Xxxxxxx National Life Insurance ACE Tempest Life Reinsurance Ltd.
Company of New York
By XXXX X. XXXXX By XXXX XXXXX
Name Xxxx X. Xxxxx Name Xxxx Xxxxx
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Title SVP & Chief Actuary Title SVP and Chief Pricing Officer
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Date January 22, 2007 Date Jan 15, 2007
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SCHEDULE B-1
ANNUITY CONTRACTS Subject to this Reinsurance Agreement
PERSPECTIVE II
o VA220NY replaced VA250NY 05/04 effective 10/4/2004.
o This product has two Contract options:
o Separate Account Investment Division option; and
o Fixed Account Option.
A) SEPARATE ACCOUNT INVESTMENT DIVISION OPTION
o This option allows the Owner to allocate Premiums and earnings to one
or more Investment Divisions of the Separate Account.
o JNLNY Separate Account I is used for this Contract.
o The Separate Account invests in shares of one of the corresponding
Funds of the underlying fund of the JNL Series Trust, JNL Variable
Fund LLC, and JNLNY Variable Fund I LLC (see Schedule B-2).
B ) GUARANTEED MINIMUM INCOME BENEFITS
FORM NUMBER POLICY DESCRIPTION
7452NY FutureGuard - effective 5/3/2004 7485NY FutureGuard - effective 5/2/2005
7485ANY FutureGuard - effective 1/17/2006 7485ANY Unisex FutureGuard - effective 1/17/2006
C) OPTIONAL BENEFITS
FORM NUMBER POLICY DESCRIPTION
7349NY 04/03 Additional Free Withdrawal 20% of Premium
7343NY 04/03 Shortened W/D Charge Period (5 year)
7429NY Shortened W/D Charge Period (3 year) - not available for contracts issued after 4/30/2006
7346NY 05/04 Premium Credit (4%)
7348NY 08/03 Premium Credit (2%)
7348NY 03/05 Premium Credit (2%)
7352NY 08/03 Premium Credit (3%)
7352NY 03/05 Premium Credit (3%)
7470NY Death Benefit Option (Highest Anniversary Value)
7512NY Death Benefit Option (Highest Anniversary Value) effective 1/16/2007
PERSPECTIVE A SERIES
o VA230NY is an individual flexible premium variable and fixed annuity
A) SEPARATE ACCOUNT INVESTMENT DIVISION OPTION
o This option allows the Owner to allocate Premiums and earnings to one
or more Investment Divisions of the Separate Account. o JNLNY Separate
Account I is used for this Contract.
o The Separate Account invests in shares of one of the corresponding
Funds of the underlying fund of the JNL Series Trust, JNL Variable
Fund LLC, and JNLNY Variable Fund I LLC (see Schedule B-2).
B) GUARANTEED MINIMUM INCOME BENEFITS
FORM NUMBER POLICY DESCRIPTION
7485NY FutureGuard
7485ANY FutureGuard - effective 1/17/2006
7485ANY Unisex FutureGuard - effective 1/17/2006
C) OPTIONAL BENEFITS
FORM NUMBER POLICY DESCRIPTION
7474NY Death Benefit Option (Return of Premium)
7477NY Death Benefit Option (Highest Anniversary Value)
7512NY Death Benefit Option (Highest Anniversary Value) effective 1/16/2007
PERSPECTIVE L SERIES
o VA210NY is an individual flexible premium variable and fixed annuity
A) SEPARATE ACCOUNT INVESTMENT DIVISION OPTION
o This option allows the Owner to allocate Premiums and earnings to one
or more Investment Divisions of the Separate Account.
o JNLNY Separate Account I is used for this Contract.
o The Separate Account invests in shares of one of the corresponding
Funds of the underlying fund of the JNL Series Trust, JNL Variable
Fund LLC, and JNLNY Variable Fund I LLC (see Schedule B-2).
B) GUARANTEED MINIMUM INCOME BENEFITS
FORM NUMBER POLICY DESCRIPTION
7485NY FutureGuard
7485ANY FutureGuard - effective 1/17/2006
7485ANY Unisex FutureGuard - effective 1/17/2006
C) OPTIONAL BENEFITS FORM NUMBER POLICY DESCRIPTION
7346NY 05/04 Premium Credit (4%)
7348NY 08/03 Premium Credit (2%)
7348NY 03/05 Premium Credit (2%)
7352NY 08/03 Premium Credit (3%)
7352NY 03/05 Premium Credit (3%)
7381NY Reduced Administration Charge
7470NY Death Benefit Option (Highest Anniversary Value)
7512NY Death Benefit Option (Highest Anniversary Value) effective 1/16/2007
PERSPECTIVE ADVISORS II
o VA410NY is an individual flexible premium variable and fixed annuity
A) SEPARATE ACCOUNT INVESTMENT DIVISION OPTION
o This option allows the Owner to allocate Premiums and earnings to one
or more Investment Divisions of the Separate Account.
o Separate Account I is used for this Contract.
o The Separate Account invests in shares of one of the corresponding
Funds of the underlying fund of the JNL Series Trust, JNL Variable
Fund LLC, and JNLNY Variable Fund I LLC (see Schedule B-2).
B) GUARANTEED MINIMUM INCOME BENEFITS
FORM NUMBER POLICY DESCRIPTION
7485NY FutureGuard
7485ANY FutureGuard - effective 1/17/2006
7485ANY Unisex FutureGuard - effective 1/17/2006
C) OPTIONAL BENEFITS
FORM NUMBER POLICY DESCRIPTION
7460NY Premium Credit (2%)
7470NY Death Benefit Option (Highest Anniversary Value)
7512NY Death Benefit Option (Highest Anniversary Value) effective 1/16/2007
JNL NY ACE 2005 TREATY SCHEDULE B-1 AMENDMENT # 3
SCHEDULE B-2
Subaccounts Subject to this Reinsurance Agreement
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FUND NAME COMMENT PRODUCT AVAILABILITY
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JNL/AIM Large Cap Growth Fund All
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JNL/AIM Real Estate Fund New 5/2/05
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JNL/AIM Small Cap Growth Fund All
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JNL/Xxxxx Growth Fund All
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JNL/Credit Suisse Global Natural Resources New 1/16/2007 All
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JNL/Credit Suisse Long/Short New 1/16/2007 All
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JNL/Eagle Core Equity Fund All
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JNL/Eagle SmallCap Equity Fund All
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JNL/FMR Balanced Fund All
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JNL/FMR Mid-Cap Equity Fund Name changed from JNL/FMR Capital All
Growth Fund effective 5/1/2006
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JNL/Franklin Xxxxxxxxx Founding Strategy New 1/16/2007 All
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JNL/Franklin Xxxxxxxxx Global Growth New 1/16/2007 All
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JNL/Franklin Xxxxxxxxx Income Fund New fund effective 5/1/2006 All
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JNL/Franklin Xxxxxxxxx Mutual Shares New 1/16/2007 All
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JNL/Franklin Xxxxxxxxx Small Cap Value Fund New 5/2/05
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JNL/Xxxxxxx Sachs Mid Cap Value Fund New 5/2/05
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JNL/Xxxxxxx Xxxxx Short Duration Bond Fund New fund effective 5/1/2006 All
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JNL/JPM International Equity Fund Named changed from JNL/Xxxxxx
International Equity Fund on 5/2/05
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JNL/JPMorgan International Value Fund All
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JNL/Lazard Emerging Markets Fund New fund effective 5/1/2006 All
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JNL/Lazard Mid Cap Value Fund All
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JNL/Lazard Small Cap Value Fund All
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JNL/Mellon Capital Management 25 Fund Effective 5/1/2006, the JNY version All
was merged into the JNL version.
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JNL/Mellon Capital Management Bond Index Fund All
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JNL/Mellon Capital Management Communications
Sector Fund All
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JNL/Mellon Capital Management Consumer Brands
Sector Fund All
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JNL/Mellon Capital Management Oil & Gas
Sector Fund Name changed from JNL/Mellon Capital All
Management Energy Sector Fund on
5/2/2005
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JNL/Mellon Capital Management Enhanced S&P
500 Stock Index Fund All
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JNL/Mellon Capital Management Financial
Sector Fund All
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JNL/Mellon Capital Management Global 15 Fund All
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JNL/Mellon Capital Management International
Index Fund All
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JNL/Mellon Capital Management JNL 5 Fund All
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JNL/Mellon Capital Management JNL Optimized
5 Fund New fund effective 5/1/2006 All
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JNL/Mellon Capital Management Healthcare
Sector Fund Name changed from JNL/Mellon Capital All
Management Pharmaceutical/Healthcare
Sector Fund on 5/2/05
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JNL/Mellon Capital Management S&P (R) 24 Fund New fund effective 5/1/2006 All
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JNL/Mellon Capital Management S&P 400 MidCap
Index Fund All
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JNL/Mellon Capital Management S&P 500 Index
Fund All
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JNL/Mellon Capital Management Select Small-Cap Effective 5/1/2006, the JNY version All
Fund was merged into the JNL version.
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JNL/Mellon Capital Management Small Cap Index
Fund All
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JNL/Mellon Capital Management Technology
Sector Fund All
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JNL/Mellon Capital Management Xxx XX Dividend New fund effective 1/17/2006 All
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JNL/Mellon Capital Management Dowsm 10 Fund Name changed effective 1/17/2006 All
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JNL/Mellon Capital Management S&P(R) 10 Fund Name changed effective 1/17/2006 All
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JNL/Mellon Capital Management VIP Fund All
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JNL/Mellon Capital Nasdaq(R) 15 Fund All
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JNL/Mellon Capital Management Value Line(R) 25
Fund All
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JNL/Xxxxxxxxxxx Global Growth Fund All
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JNL/Xxxxxxxxxxx Growth Fund All
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JNL/PIMCO Real Return New 1/16/2007 All
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JNL/PIMCO Total Return Bond Fund All
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JNL/PPM America Value Equity Name changed from JNL/Xxxxxx Value All
Equity Fund on 1/16/2007
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JNL/Xxxxxx Equity Fund All
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JNL/Xxxxxx Xxxxxx Growth Fund All
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JNL/S&P Disciplined Moderate New 1/16/2007 All
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JNL/S&P Disciplined Moderate Growth New 1/16/2007 All
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JNL/S&P Disciplined Growth New 1/16/2007 All
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JNL/S&P Managed Growth Fund All
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JNL/S&P Managed Aggressive Growth Fund All
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JNL/S&P Managed Conservative Fund All
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JNL/S&P Managed Moderate Fund All
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JNL/S&P Managed Moderate Growth Fund All
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JNL/S&P Retirement Income New fund effective 1/17/2006 All
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JNL/S&P Retirement 2015 New fund effective 1/17/2006 All
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JNL/S&P Retirement 2020 New fund effective 1/17/2006 All
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JNL/S&P Retirement 2025 New fund effective 1/17/2006 All
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JNL/Select Balanced Fund All
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JNL/Select Global Growth Fund All
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JNL/Select Large Cap Growth Fund All
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JNL/Select Money Market Fund All
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JNL/Select Value Fund All
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JNL/X. Xxxx Price Established Growth Fund JNL/Alliance Capital Growth Fund All
was merged with this fund 5/2/05.
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JNL/X. Xxxx Price Mid-Cap Growth Fund All
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JNL/X. Xxxx Price Value Fund All
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JNL/Western Asset High Yield Bond Fund Name changed from JNL/Salomon Brothers All
High Yield Bond Fund effective 5/1/2006
and from JNL/Western High Yield Bond
Fund effective 1/16/2007.
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JNL/Western Asset Strategic Bond Fund Name changed from JNL/Salomon Brothers All
Strategic Bond Fund effective 5/1/2006
and from JNL/Western Strategic Bond Fund
effective 1/16/2007.
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JNL/Western Asset U.S. Govt. & Quality Bond Name changed from JNL/Salomon Brothers All
Fund U.S. Govt. & Quality Bond Fund effective
5/1/2006 and from JNL/Western U.S. Govt.
& Quality Bond Fund effective 1/16/2007.
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JNL GENERAL ACCOUNT
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Guaranteed Five Year Fixed All but Perspective A
Series and Advisors II
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Guaranteed One Year Fixed All but Advisors II
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Guaranteed Seven Year Fixed All but Perspective A
Series and Advisors II
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Guaranteed Three Year Fixed All but Perspective A
Series and Advisors II
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12 Month DCA All
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6 Month DCA All
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JNL NY ACE 2005 TREATY SCHEDULE B-2 AMENDMENT # 3