0001193125-21-143592 Sample Contracts

FUND PARTICIPATION AGREEMENT
Fund Participation Agreement • April 30th, 2021 • Nassau Life Variable Accumulation Account • New York

THIS FUND PARTICIPATION AGREEMENT (“Agreement”) made as of the 8th day of April, 2021, by and between Calvert Variable Products, Inc. and Calvert Variable Series, Inc. (collectively, the “Corporations”), each a Maryland corporation, on its behalf and on behalf of each separate investment series thereof, whether existing as of the date above or established subsequent thereto, (each a “Portfolio” and collectively, the “Portfolios”), Eaton Vance Distributors, Inc. (the “Distributor”), and PHL Variable Insurance Company and Nassau Life and Annuity Company, each an insurance company organized under the laws of the State of Connecticut, Nassau Life Insurance Company, an insurance company organized under the laws of the State of New York (together, the “Insurers”), and 1851 Securities, Inc., a broker-dealer organized under the laws of Delaware (together, the “Company”)].

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POOL REINSURANCE AGREEMENT NO. 3008 EFFECTIVE JANUARY 1, 2000
Reinsurance Agreement • April 30th, 2021 • Nassau Life Variable Accumulation Account

In accordance with the provisions of Article I, Participation in Reinsurance Pool this Agreement is hereby terminated for the placement of new business, effective July 1, 2002. Any policy in force before July 1, 2002 shall continue to be reinsured under the provisions of the Agreement until the termination or expiry of such policy.

AMENDMENT to the POOL REINSURANCE AGREEMENT NO. 3118 Effective July 1, 2006 (hereinafter referred to as the “Agreement”) between PHOENIX LIFE INSURANCE COMPANY, East Greenbush, New York, USA (hereinafter referred to as the “Ceding Company”) and...
Reinsurance Agreement • April 30th, 2021 • Nassau Life Variable Accumulation Account • New York

It is understood that policies reinsured under this Agreement may increase or decrease due to normal attrition and changes to policy account values or contractual changes. This includes changes to the base policy and all riders. It is further understood that, with the exception of those policies listed in the attached Exhibit D1, the Reinsurer will accept 50% of the Net Amount At Risk that the Ceding Company has retained on any given life, up to the limits outlined below, which are the Ceding Company’s Retention Limits:

AMENDMENT to the VARIABLE ANNUITY GUARANTEED DEATH BENEFIT REINSURANCE AGREEMENT NO. 2636 EFFECTIVE JANUARY 1, 1996
Nassau Life Variable Accumulation Account • April 30th, 2021

All other terms, provisions and conditions of this Agreement will continue unchanged except as specifically revised in this Amendment.

Text in this agreement has been redacted, where such information is both not material and would likely cause competitive harm if publicly disclosed AMENDMENT TO
Nassau Life Variable Accumulation Account • April 30th, 2021

This Amendment having an effective date of January 1, 2006 is made by and between Phoenix Home Life Mutual Insurance Company (now known as Phoenix Life Insurance Company) (“PLIC”), PHL Variable Insurance Company (“PHLVIC”) and Connecticut General Life Insurance Company (Connecticut General”).

Text in this agreement has been redacted, where such information is both not material and would likely cause competitive harm if publicly disclosed] AMENDMENT TO
Nassau Life Variable Accumulation Account • April 30th, 2021

This Amendment having an effective date of January 1, 2006 is made by and between Phoenix Home Life Mutual Insurance Company (now known as Phoenix Life Insurance Company) (“PLIC”), PHL Variable Insurance Company (“PHLVIC”) and Connecticut General Life Insurance Company (Connecticut General”).

Text in this agreement has been redacted, where such information is both not material and would likely cause competitive harm if publicly disclosed] SETTLEMENT AGREEMENT AND TREATY AMENDMENT
Settlement Agreement • April 30th, 2021 • Nassau Life Variable Accumulation Account

This Settlement Agreement and Treaty Amendment having an effective date of March 7, 2016 is made by and between Phoenix Home Life Mutual Insurance Company (now known as Phoenix Life Insurance Company) (“PLIC’’), PHL Variable insurance Company (“PHLVIC”); collectively, (“Phoenix”, a “Party”) and Connecticut General Life Insurance Company (“Connecticut General”, a “Party”).

Amendment No 6 to the AUTOMATIC COINSURANCE AGREEMENT 3027 Effective March 3, 2000 between PHOENIX LIFE INSURANCE COMPANY, East Greenbush, New York, USA PHL VARIABLE INSURANCE COMPANY, Hartford, Connecticut, USA AND
Novation Agreement • April 30th, 2021 • Nassau Life Variable Accumulation Account

Exhibit C is amended effective from the inception of the Agreement, March 3, 2000, to include the current rate table attached herein. These rates apply to level term period and post level term periods. These rates have been in place and in effect for the entirety of this Agreement.

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