AMENDMENT
to the
REINSURANCE AGREEMENTS
(as listed in the attached Agreement Exhibit and hereinafter
collectively referred to as the “Agreements”)
between
THRIVENT FINANCIAL
FOR LUTHERANS
Appleton, Wisconsin
(hereinafter referred to as the “Ceding Company”)
and
RGA REINSURANCE COMPANY
Chesterfield, Missouri
(hereinafter referred to as the “Reinsurer”)
This Amendment is Effective December 1, 2024
CLAIMS DOCUMENT REDUCTION PROGRAM
As of the effective date of this Amendment, the Agreements are hereby subject to the terms and provisions of the Claims Document Reduction
Program (“the Program”) below, which replaces the previous Claims Document Reduction Program it its entirety. The claims provisions of the Agreements notwithstanding, under the Program eligible death claims submitted by the Ceding Company
to the Reinsurer are not required to be accompanied by claim papers, beneficiary claimant statements, death certificates, investigative papers and other claims documentation where the policy face amount is $1,000,000 or less.
The Program does not modify the Ceding Company’s responsibility to obtain the necessary proof(s) of death to determine its liability under
the terms of the underlying policies, and the Ceding Company represents it is not making any changes to the documents it currently obtains for such purpose.
The Reinsurer reserves the right to require claims documents be provided for its review, including underwriting files and other documents
connected with the policy subject to the claim, for any claim at any time.
For each Program eligible claim, the Ceding Company will
continue to provide the Reinsurer with the same claims data elements currently provided on the Ceding Company’s “Notice of Death”, “Reimbursement Request” or TAI forms. These include, but are not limited to, name of the
deceased, policy number, issue date, policy duration, face amount, Reinsured Net Amount at Risk for YRT Agreements, Reinsurance Death Benefit for Coinsurance Agreements, post-mortem interest, date of birth, date of loss, cause of loss and location
of loss.
Thrivent Financial for Lutherans Claims Document Reduction Program
Reinsurer will have the right to audit, remotely or at the Ceding Company’s office, the
Ceding Company’s claims paying practices and procedures, including those practices and procedures applicable to claims eligible for the Program. If, in the Reinsurer’s sole judgement, it determines that the Ceding Company’s claims
paying practices and procedures have materially changed from those applied at the inception of the Program, or materially differ from generally accepted industry claims practices, then the Reinsurer may immediately terminate the Program or, at the
Reinsurer’s option, may modify the parameters of the Program in a manner that is mutually agreeable to both parties.
All claims
eligible for the Program remain subject to the claims related provisions of the Agreements except as specifically modified above. All claims not eligible for the Program remain subject to all claims related provisions of the Agreements without
modification.
All provisions of the Agreements not specifically modified herein remain unchanged.
A signature on this Amendment transmitted electronically shall have the same force and effect as an original signature.
IN WITNESS WHEREOF, both parties have executed this Amendment as follows:
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| THRIVENT FINANCIAL FOR LUTHERANS |
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RGA REINSURANCE COMPANY |
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| By: |
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/s/ Caleb A. Bousu |
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By: |
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| (Signature) |
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(Signature) |
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| Title: |
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SVP, Chief Actuary |
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Title: |
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Vice President |
| Date: |
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December 3, 2024 |
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Date: |
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November 17, 2024 |
| Location: |
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Minneapolis, Minnesota |
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Location: |
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Chesterfield, Missouri |
Thrivent Financial for Lutherans Claims
Document Reduction Program