GENWORTH FINANCIAL CONTRACTING INSTRUCTIONS (PLEASE FOLLOW CAREFULLY)

1. Please print the following contract.

2. Complete, sign, and date the Producer Information form.

3. Complete the Agent Agreement.

4. Complete, sign, and date the acknowledgement of Compensation Arrangement.

5. Date and sign the Disclosure of Intent to Obtain Consumer Reports.

6. Complete, sign, and date the Advertising Guidelines and Confidentiality of Consumer Information form.

7. Make a copy of your current health and life insurance licenses.

8. Make a copy of Continuing Education Certificate for LTC requirement (only applicable in

CO, IL, IN). See the next page for details.

9. Please fax the following to Gateway Insurance Marketing at 800-553-6440.

• Completed Producer Information Form (2 pages) • Completed Agent Agreement Form (6 pages) • Completed Acknowledgement of Compensation Agreement (1 page) • Completed Disclose of Intent to Obtain Consumer Reports Form (1 page) • Completed Advertising Guidelines and Confidentiality of Consumer Information form (1 page) • A copy of your CURRENT health and life insurance license. • A copy of your Continuing Education Certificate for LTC requirement (See step 8 above).

FAX TO: Gateway Insurance Marketing Attn: Genworth Financial Contracting Fax: 800-553-6440 If you have any questions about this process, or Fidelity & Guaranty Life products, please call Gateway at 800-979-6711, or send email to damiengs@ipa.net Gateway Insurance Marketing Team

LTC Continuing Education Requirements by State:

Special LTC Appointment Requirements

CA4& 8 hours LTC Study Course & 8 Hours Partnership Course

CO4 2 hours LTC Study Course in addition to Health license (Residents Only)

CT4& 7 hours LTC (for the Robert Woods Johnson Partnership Product only)

IL4 6 hours LTC Study Course in addition toHealth license (Course #09400)

IN4& 8 hours LTC Study Course in addition toHealth license RESIDENTS ONLY & 7hours LTC Partnership Course (RESIDENTS & NON-RESIDENTS)

& In order to solicit a CA, CT, IN or NY LTC Partnership product the agent must satisfy the certification requirements for that product regardless of where the solicitation takes place.

MA4 MA LTC Reference Guide (form LTC 1036 and “Your Options for Financing Long Term Care: A Massachusetts Guide” and the John Hancock LTC Product Guide in addition to Health license

MD4 2 hours LTC Study Course needed for l First license renewal (RESIDENTS ONLY)

NC4 Special LTC license required in addition to a Health license

NY4& Effective April 1, 2005. 8 Hours Partnership Course (4 hrs E- learning on line course & 4 hrs classroom CE training.

WA4 6 hours LTC Study Course

4 PRODUCER MUST SHOW PROOF OF COURSE COMPLETION

GE Financial Assurance Contracting Checklist

To Expedite the contracting process, please follow the steps below.

Step 1: Review Guide to Ethical Conduct and keep for your records. Step 2: Complete and sign the following items.

� Producer Information Form (include fax number and email address) � Agent Agreement � Compensation Plan � Acknowledgement of Compensation Agreement � Disclousre of Intent to Obtain Consumer Reports � Advertising Guidelines & Confidentiality of Consumer Information

Step 3: Enclose copies of applicable state licenses. Step 4: Enclose state specific required forms where applicable.

* Continuing Education Certificate: CA, CO, IL, IN, MD and WA

* State Form: GA, MA and MD

PIF-GNW Page 1 of 3 1/2006

Please complete a separate form for each party requesting an appointment. Do not combine firm/agency appointment requests withindividual information, or officer/principal information.

1. FORM PURPOSE� Initial Appointment � Additional State Appointment with current legal entities � Initial Appointment with new legal entities (Complete all sections.) (Complete sections 3, 6, 11) (Complete sections 3, 4, 5, 6, 10, 11)2. TYPE OF APPOINTMENT (Check ONLY one)� Individual (complete 3a) � Firm/Agency (complete 3b) � Officer/Principal (complete 3a)3a. INDIVIDUAL INFORMATIONFirst Name Middle Name Last Name

Legal Residence (No P.O. Box) City State Zip

SSN #: Date of Birth:(mm/dd/yyyy) Sex � F � M

Business Address City State Zip

Business Phone ( ) Business Fax ( ) e-mail Address

3b. FIRM/AGENCY APPOINTMENT INFORMATION (Must also complete a separate PIF for Officer)Business Name Tax ID #

Business Address City State Zip

Business Phone ( ) Business Fax ( )

e-mail Address Website Address

Indicate type of taxable entity: � Corporation � Non-incorporated entity

4. APPOINTMENT INFORMATION

I am requesting to represent (and be appointed and contracted with, as applicable) the following (check all that apply):Products

Legal Entity Fixed Life Fixed Annuities Long Term Care

Genworth Life Insurance Company � � �

First Colony Life Insurance Company � �

Genworth Life Insurance Company of New York � �

American Mayflower Life Insurance Company of New York �

5. COMMISSION HIERARCHY (If Applicable – To be completed by BGA/MGA/GA/Affiliate)

* Remember to attach Brokerage Authorization (FCL only) and/or applicable Compensation Schedule.General Agency General Agency Sub Agent/ Sub Agent/ Writing Agent

Company Name Name Number General Agent General Agent Comp Plan/(BGA/MGA) (BGA/MGA) Name Number Schedule

Genworth Life Insurance CompanyFirst Colony Life Insurance CompanyGenworth Life Insurance Company of New YorkAmerican Mayflower Life Insurance Company of New York

PRODUCER APPOINTMENT INFORMATION FORM

PIF-GNW 1-2006 12/13/05 2:10 PM Page 1

PIF-GNW Page 2 of 3 1/2006

6. LICENSE INFORMATION (Please attach copies of all licenses where appointment is requested)Resident License State Resident License Number Resident License Line of Business

Only include Non-Resident States where appointment is requested. Non-Resident License State Non-Resident License Number Non-Resident License Line of Business

Non-Resident License State Non-Resident License Number Non-Resident License Line of Business

Non-Resident License State Non-Resident License Number Non-Resident License Line of Business

If FL, List Counties in which non-resident appointment is requested

If CA, and you wish to sell fixed annuity business, please provide proof you have completed the annuity training requirement.If HI, an additional appointment form, with original signatures, is requested for non-resident appointments (available atwww.hawaii.gov).If you wish to sell Long Term Care Insurance or Long Term Care Partnership products in a state requiring certification or evidence ofrequired training, please provide copies of such supporting documents with your request for appointment.If MD and you wish to sell LTC, please submit the MD Acknowledgement Form (available at genworth.com).

7. PREVIOUS ADDRESS

Have you lived anywhere other than the above mentioned Legal Residence in the last seven (7) years? � Yes � NoIf “Yes,” please list any/all such addresses. For additional information please use Remarks section.

Previous Address City State Zip

Start Date End Date

Previous Address City State Zip

Start Date End Date

8. PREVIOUS EMPLOYER

Have you been employed anywhere other than with your current employer in the last seven (7) years? � Yes � NoIf “Yes,” please list any/all such employment history. For additional information please use Remarks section.

Previous Employer Name

Previous Address City State Zip

Start Date End Date

Previous Employer Name

Previous Address City State Zip

Start Date End Date

9. PREVIOUS NAMES

Have you used any other names or aliases in the last seven (7) years? � Yes � NoIf “Yes,” please list any/all such names.

Previous First Name Previous Middle Name Previous Last Name

PIF-GNW 1-2006 12/13/05 2:10 PM Page 2

PIF-GNW Page 3 of 3 1/2006

10. BUSINESS PRACTICES

(If you answer “Yes” to any questions below, please provide details by using Business Practices Details form.)

Yes No Yes No1. Have you ever had an insurance or securities license

denied, suspended, cancelled or revoked? � �

2. Has any regulatory body ever sanctioned, censured, penalized or otherwise disciplined you? � �

3. Has any state, federal or self-regulatory agency filed a complaint against you, fined, sanctioned, censured, penalized or otherwise disciplined you for a violationof their regulations or state or federal statutes? � �

4. Has a bonding or surety company ever denied, paid on, or revoked a bond for you? � �

5. Has any E&O carrier ever denied, paid claims on, or cancelled your coverage? � �

6. In the past ten years, have you personally filed a bankruptcy petition or declared bankruptcy? � �

11. ACKNOWLEDGMENT

I acknowledge and agree that this Producer Information Form does not constitute a contract. I acknowledge the continuing legitimate business needof the Company and of Genworth Financial, Inc. and its affiliates for additional financial and personal background information and hereby consent tothe Company obtaining such information from time to time as it deems necessary through independent investigation, NASD CRD reports and/orthrough a consumer report obtained from a consumer reporting agency (collectively referred to as “Background Reports”). I consent to the Company’ssharing the information contained in this Producer Information Form or any other information the Company may obtain, including the BackgroundReports, with Genworth Financial, Inc., and its affiliates for the purpose of establishing my eligibility and/or continuing eligibility for appointment withthe Company and/or Genworth Financial, Inc. or one or more of its affiliates. I further consent to the disclosure of the Producer Information Form andinformation in such Background Reports, to government or regulatory agencies.

I authorize the employers and insurance companies listed herein, and in any Background Reports pertaining to me, to release any and all informationconcerning my previous employment and appointments and any pertinent information they may have, personal or otherwise, and release all partiesfrom all liability that may result from furnishing same. Finally, I acknowledge and agree that my appointment will, in part, be based upon this ProducerInformation Form and the information in such Background Reports, and that any representation made herein which is found to be inaccurate or incom-plete shall be grounds for termination of my appointment.

I hereby certify under penalty of perjury that the information provided herein is accurate and complete. I have read, understood, and agree to complywith the Guide to Ethical Market Conduct.

Signature Date

Title (if requesting a firm/agency appointment or Officer/Principal appointment)

REMARKS

7. In the past ten years, has any insurance or securitiesbrokerage firm with whom you have been associated filed a bankruptcy petition or been declared bankrupt either during your association or within 5 years after termination of such association? � �

8. Are there any unsatisfied judgments, garnishments orliens against you? � �

9. Are you in debt to any insurance company? � �

10. Have you ever been convicted of, or pled guilty or nolocontendere to, any felony or misdemeanor other than a minor traffic offense? � �

11. Are you currently a party to any litigation or a subject of any investigation(s)? � �

12. Have you ever had an appointment with another insurance company denied or terminated for cause? � �

PIF-GNW 1-2006 12/13/05 2:10 PM Page 3

ASSN-COMP Page 1 of 2 1/2006

INSTRUCTIONS

• U s e th is as s ign m en t of c om p en s ation form (th e “ As s ign m en t” ) to as s ign y ou r c om m is s ion s

• Com p lete Sec tion s I-III.

• B e s u re to s ign an d d ate th e form . Or ig in a l s ig n a tu r e s r e q u ir e d (a n d title , if o th e r th a n in d iv id u a l).

• As s ign ee m u s t b e lic en s ed an d ap p oin ted if in v olv ed w ith th e s ale of th e p olic y gen eratin g th e as s ign ed c om m is s ion s .

• As s ign ee m u s t b e lic en s ed an d ap p oin ted if req u ired b y s tate regu lation (i.e. V A)

• Mail c om p leted form s alon g w ith y ou r ap p oin tm en t req u es t, if ap p lic ab le, or d irec tly to th e ad d res s or fax th at y ou c u rren tly u tiliz e

for L ic en s in g form s .

SE CTION I – COM P E NSA TION TO B E A SSIG NE D

Pleas e c h ec k w h ic h Com p an y (s ) y ou w ou ld lik e to ap p ly th is to:

Co m p a n y A g e n t/P r o d u c e r Co d e s (A g e n t # s )

� F irs t Colon y L ife In s u ran c e Com p an y � All � Sp ec ify :

� Am eric an May flow er L ife In s u ran c e Com p an y of New Y ork � All � Sp ec ify :

� G en w orth L ife In s u ran c e Com p an y (fix ed ) � All � Sp ec ify :

� G en w orth L ife In s u ran c e Com p an y (LT C) � All � Sp ec ify :

� G en w orth L ife In s u ran c e Com p an y of New Y ork (fix ed ) � All � Sp ec ify :

� G en w orth L ife In s u ran c e Com p an y of New Y ork (LT C) � All � Sp ec ify :

� IF N In s u ran c e Agen c y In c .* � All � Sp ec ify :

* (in c lu d es all p rod u c ts s old th rou gh y ou r IF N agreem en t an d is on ly ap p lic ab le to p olic ies s old on or after th e effec tiv e d ate of y ou r agreem en t.

F o r F ix e d L ife a n d A n n u ity o n ly – M UST IND ICA TE E X TE NT OF A SSIG NM E NT

A s s ig n m e n t effec tiv e for all Com p an y b u s in es s (for th e c om p an ies c h ec k ed ab ov e).

W h ic h d o y o u w is h to a s s ig n – M UST CH E CK ONE :

� F irs t Y ear � R en ew al On ly � All W h at p erc en tage? %

L TC a n d b u s in e s s s o ld th r o u g h IF N m u s t b e a s s ig n e d a t 1 0 0 % fo r b o th fir s t y e a r a n d r e n e w a l.

SE CTION II – TY P E OF A SSIG NM E NT – M UST CH E CK E ITH E R A B SOL UTE OR RE V OCA B L E

� A b s o lu te A s s ig n m e n t NOTE : Co m p a n y w ill r e p o r t a ll in c o m e p a id u n d e r th is a s s ig n m e n t to a s s ig n e e b u t c o m m is s io n

s ta te m e n ts w ill c o n tin u e to b e s e n t to th e a s s ig n o r.

F or v alu e rec eiv ed , th e u n d ers ign ed As s ign or,

As s ign or Nam e As s ign or SSN/T ax ID

H ereb y s ells , irrev oc ab ly as s ign s , tran s fers , an d s ets ov er u n to th e As s ign ee ...

As s ign ee Nam e � Corp oration or As s ign ee SSN/T ax ID

� Non -in c orp orated E n tity

As s ign ee Ad d res s City State Z ip

for v alu e all righ t, title, an d in teres t, in an d to th e c om p en s ation th at is n ow or m ay h ereafter b e d u e an d p ay ab le to th e u n d ers ign ed As s ign or in

ac c ord an c e w ith an d s u b jec t to th e term s an d c on d ition s of y ou r c on trac t or c om p en s ation agreem en t or agreem en ts b etw een or am on g on e or m ore

of th e c om p an ies c h ec k ed ab ov e (referred to in th is as s ign m en t form as “ Com p an y ” ) an d on e or m ore of th e G en eral Agen t(s ) of th e Com p an y th rou gh

w h om th e u n d ers ign ed p lac ed th e p olic ies for w h ic h th e c om p en s ation is p ay ab le (th e “ Agreem en ts ” ). T h is ty p e of as s ign m en t c an on ly b e rev ok ed

b y th e As s ign ee.

ASSIGNMENT OF COMPENSATION

ASSN-COMP Page 2 of 2 1/2006

SECTION II – TYPE OF ASSIGNMENT (continued)

� Revocable Assignment NOTE: Company will report all income paid under this assignment to the assignor whether revok edor not and commission statements will continue to be sent to the assignor.

The undersigned Assignor,

Assignor Name Assignor SSN/Tax ID

Hereby directs one or more of the companies checked above (collectively, the “Company”) to pay to the Assignee ...

Assignee Name � Corporation or Assignee SSN/Tax ID

� Non-incorporated Entity

Assignee Address City State Zip

all compensation that is now or may hereafter be due and payable to the undersigned Assignor in accordance with and subject to the terms and con-

ditions of your contract or compensation agreement or agreements between or among the Company and one or more of the General Agent(s) of the

Company through whom the undersigned placed the policies for which the compensation is payable. This assignment shall remain in effect until

revoked by the Assignor. Assignor can revoke assignment upon written request to the Company without the consent of Assignee. Revocation will not

take effect until acknowledged by Company’s authorized home office employee. (Revocation of assignments, not made on this form, will require the

written consent of the Assignee).

SECTION III – AGENT ACKNOWLEDGMENT AND REPRESENTATIONS

THIS ASSIGNMENT WILL NOT TAK E EFFECT UNTIL THE DATE THAT IT IS ACK NOWLEDGED BY AN AUTHORIZED REPRESENTATIVE OF THE

COMPANY AND WILL AFFECT ONLY THE COMPENSATION PAYABLE AFTER THE DATE OF THE COMPANY’S ACK NOWLEDGMENT AND TO THE

EX TENT REQ UESTED BY THIS ASSIGNMENT. This Assignment, if Absolute, shall remain in effect subject to the terms of this Assignment until the

Company receives written direction from the Absolute Assignee to further re-assign payments hereunder at their direction. This Assignment, if

Revocable, shall remain in effect subject to the terms of this Assignment until the Company receives a written request from the Assignor to revoke

the Assignment. The Company shall be discharged from liability for payment of compensation in reliance upon evidence satisfactory to it of an

Assignee’s release of any Assignment.

The Assignor represents and warrants that: (a) the validity and sufficiency of the foregoing Assignment, (b) no proceeding in bankruptcy or

insolvency or the like has been commenced by or against the Assignor and no assignment for the benefit of creditors has been made by the Assignor,

(c) there are no outstanding Assessments, Liens or Levies because of unpaid taxed or other obligations of the Assignor; and (d) either (i) Assignee is

a licensed insurance agent or was not involved with the insurance transaction generating the compensation, or (ii) the Assignment is an absolute

assignment to the Assignee for value.

In witness whereof, the undersigned executes this Assignment on this day of , .

Assignor Signature Title (if other than an Individual)

Assignee Signature Title (if other than an Individual)

SECTION IV – COMPANY ACKNOWLEDGMENT

The Company hereby acknowledges receipt of the foregoing Assignment, assuming no responsibility for its sufficiency or validity. This agreement is

expressly subject to the terms and conditions of the Agreements between/among the Company and the Brokerage General Agent(s)/General

Agent(s)/Agent(s) through whom the policies for which the compensation are payable, to any prior existing Assignments and to any indebtedness

owed to the Company. Any claim hereunder shall be subject to proof of interest. Payment made under this Assignment shall fully release the Company

from all responsibility as to such sums paid. This Assignment is acknowledged and the executed original copy filed at its Home Office on this

day of , .

For the Company:

By:

Signature Print Name and Title:

GECA-AA (5/2005)

GENERAL AGENT AGREEMENT

This is an Agreement, made by and between General Electric Capital Assurance Company (“Company”) and you, (the above named Agent), executed and effective asof the date shown in Section VIII of this Agreement. It defines your relationship with the Company as an agent. Both you and the Company promise to comply with theterms of this Agreement and any amendments to this Agreement, and the terms of your Sales Compensation Plan(s).

SECTION I – DEFINITIONS1. When used in this Agreement, the terms listed below have the following special meanings:

(a) “Affiliate” means any company, person or corporation controlled by or under common control with the Company at any time while this Agreement is ineffect.

(b) “Agent” means the party contracting with the Company under this Agreement. “You” or “your” refers to the Agent.

(c) “Assigned Territory” means the territory designated from time to time by the Company where you are authorized to sell or solicit applications for Products.

(d) “Products” means insurance policies/certificates, and riders or endorsements thereto offered by the Company which are identified on Schedule A or on yourSales Compensation Plan(s).

(e) “Records and Materials” means all records, files, manuals, forms, materials, supplies, stationery, literature, seminar materials, computer software,diskettes, licenses, papers and books that the Company or an Affiliate furnishes or leases to you for use, in connection with your performance under thisAgreement or with the Products.

(f) “Sales Compensation Plan(s)” means the document(s) attached hereto and made a part hereof as amended and published from time to time by theCompany which describe(s), among other matters:

[i] the payment of commissions or other compensation;

[ii] the imposition of penalties and chargebacks;

[iii] production requirements; and

[iv] any special compensation rules published by the Company on special class extra premiums, waived or commuted premiums, advance premiums,premium refunds, conversions, replacements, reinstatements or other special situations defined by the Company.

SECTION II – AUTHORITY1. You are hereby appointed as the Company’s agent and authorized:

(a) To solicit applications for Products in your Assigned Territory. You have no exclusive solicitation rights within your Assigned Territory. The Company makes nocommitment that all policies offered by the Company will be deemed authorized Products hereunder, and reserves the right to appoint other agents in thisterritory, or to withdraw therefrom; and

(b) To collect initial premium payments for Products you solicit, but only through checks payable to the Company. All premiums you collect shall be held by you ina fiduciary capacity, and remitted immediately to the Company’s designated office.

2. In accepting this appointment and authority, you agree:

(a) Not to solicit applications for Products unless all licenses or registrations and Company appointments required by law or by the Company are in force andeffect;

(b) To fully explain the terms of any Product, make no untrue statements, and state all relevant facts with respect thereto;

Name of Agent: Address of Agent:

AGENT AGREEMENTGeneral Electric Capital Assurance CompanySales and Marketing700 Main Street, Lynchburg, VA 24504

GECA-AA (5/2005)

(c) To comply with all laws, rules, regulations and Company policies and procedures that apply to your activities under this Agreement, and to keep complete andaccurate records of all transactions pertaining to this Agreement;

(d) To promptly deliver premium receipts approved by the Company and Products originating from applications obtained by you, but only when the applicantappears to be in insurable condition and the initial premium (if required) has been duly paid;

(e) To immediately report and remit to the Company or its designee, any initial premium payments you receive originating from applications you obtain, to insurethat all premium checks collected are made payable to the Company, and not to endorse any checks payable to the Company;

(f) To be responsible for and pay all expenses and fees you incur while carrying out the terms of this Agreement;

(g) Not to alter or change the provisions of any Product and not to incur any liability, indebtedness or expense on behalf of the Company;

(h) Not to offer, pay, or allow to be offered or paid, as an inducement to any proposed insured or applicant, a rebate of premiums or any other inducement notspecified in the Product (except as may be expressly allowed by law and in compliance with state rules, regulations or guidelines) or attempt to induce anyperson to surrender, lapse or forfeit any Product sold pursuant to this Agreement except to replace it with another Product of the Company in accordance withCompany guidelines. The provisions of this subsection shall survive the termination of this Agreement;

(i) That all applications you submit are subject to acceptance or rejection by the Company at its Home Office;

(j) To be responsible to the Company for all business produced by you and for the acts of your employees;

(k) To deliver to the Company evidence of any claim for benefits under Products immediately upon receipt;

(l) With respect to diskettes supplied to you by the Company:

[i] not to make any modifications to such diskettes;

[ii] to update such diskettes with any required current information upon notice thereof by the Company or its marketing affiliates;

[iii] not to reproduce such diskettes except for back-up purposes or where more than one computer is used on your premises; and

[iv] not to transfer, rent, sell or in any way make available such diskettes to anyone without the prior consent of the Company; and

(m) To maintain liability insurance against claims for damages based on actual or alleged professional errors or omissions, at all times during the term of thisAgreement, in an amount and with an insurer reasonably acceptable to the Company, unless excused from maintaining such insurance by the Company inwriting because you are only selling Products for the Company with respect to which the Company’s policies do not require such insurance. Proof of suchinsurance coverage shall be furnished to the Company upon request, and you shall notify the Company immediately if for any reason such insurance coverageceases to be in effect.

(n) Not to engage in any efforts to systematically replace Products issued by the Company pursuant to this Agreement with other insurance products, directly orindirectly, or to encourage any agents or other persons to do so, either during or after termination of this Agreement.

SECTION III – INDEPENDENT CONTRACTOR1. You are an independent contractor with respect to the Company and not an employee, for all purposes including but not limited to state or federal income tax,

Social Security, worker’s compensation and unemployment compensation. Nothing in this Agreement shall be interpreted as creating an employer/employeerelationship between the Company and you. You agree to accept any responsibilities placed on an independent contractor by any statute, regulation, rule of law,or otherwise.

2. You decide whom to choose as business prospects and when and where to conduct your working activities within your Assigned Territory. You acknowledge thatyou set your own business hours.

3. As an independent contractor, you are responsible for paying all present or future taxes, duties, assessments, agent appointment fees, and any governmentalcharges related to this Agreement.

SECTION IV – COMPENSATION1. The Company or its duly authorized representative, who may be a General Agent or a Managing General Agent/Brokerage General Agent to whom the Company

may assign you for supervision and training, will pay you commissions in accordance with the provisions of this Agreement, or of an agreement you enter into withthe General Agent.

(a) If commissions are payable to you under this Agreement, they will be payable in accordance with your Sales Compensation Plan(s), any amendment(s)thereto, and any amendment(s) to this Agreement.

(b) If commissions are payable to you under an agreement you enter into with a General Agent, no commissions or other compensation will be payable to youfrom the Company under this Agreement. In such event, your execution of this Agreement reflects your understanding and acceptance of the Compensationprovisions under this Section IV of the Agreement, and you thereby release the Company from any and all obligation for compensation as the result of yoursale of its Products.

(c) If you are a natural person, any commissions due and payable to you at the time of your death or thereafter under this Agreement shall be paid to the executoror administrator of your estate.

(d) This is a conditionally vested Agreement subject to the following conditions:

[i] If this Agreement terminates for “cause” pursuant to Section VI-2., commissions due or payable on or after the date of termination shall be forfeited atthe Company’s sole option.

GECA-AA (5/2005)

[ii]If this Agreement terminates because of the dissolution, insolvency or bankruptcy of your corporation or partnership, no commissions shall be payable hereundersubsequent to the date of dissolution, insolvency or bankruptcy unless the prior consent of the Company has first been obtained, which consent shall not beunreasonably withheld.

2. Charges and Payment

(a) Any commissions to which you may be entitled hereunder shall be payable to you only after the due date of the premium and after receipt of the grosspremium by the Company at its designated office.

(b) No commissions will be payable on account of waived premiums or premiums refunded for any reason. Any commissions received on account of any suchpremiums shall be promptly returned in full to the Company by you and shall constitute an indebtedness to the Company until returned.

(c) If any of the events listed below should occur while this Agreement remains in full force and effect or thereafter, the Company may withhold any commissionsthat you would otherwise have been entitled to receive or may have become entitled to receive under this Agreement:

[i] your suspension while the Company investigates whether cause for terminating this Agreement exists;

[ii] your encouragement of any person, directly or indirectly, to terminate an agent agreement with the Company or an Affiliate, without the prior consent ofthe Company; or

[iii] your disclosure or use of any trade secret or other proprietary information of the Company or an Affiliate in competition with or in a manner adverse tothe interests of the Company or an Affiliate.

Such withholding may continue until the violation has been corrected or the situation has been resolved to the satisfaction of the Company. No interest shallbe payable on any amounts withheld hereunder.

If you are found to be guilty of any such wrongdoing, the Company may retain, or charge you for the following as damages: the amount of its loss plusexpenses it incurred in connection with the loss, including costs of investigation.

(d) In addition to other appropriate legal remedies, the Company has the right to apply any commissions payable to you by the Company against any debt youowe the Company or an Affiliate. You hereby grant the Company a first security interest in any and all such commissions.

(e) The Company may recover any amounts advanced to you or any amounts paid on your behalf by the Company or an Affiliate, or any amounts charged to youunder this Agreement from any commission or other compensation due you from the Company but not yet paid.

(f) Upon termination of this Agreement, you must promptly pay, on demand, any debt you owe the Company, including any chargebacks payable and remainingdue to the Company. Repayment is required even for chargebacks made on or after termination of this Agreement. The provisions of this subsection shallsurvive the termination of this Agreement.

3. Commission Statements

(a) Except for clerical errors and/or undisclosed material facts, the regular commission statement the Company issues to you shall be deemed to be an accurateand complete record accepted by and satisfactory to you of:

[i] all the commissions the Company owes you, and

[ii] all commission accounts between you and the Company purporting to be covered by that statement.

(b) Acceptance by you of these regular commission statements constitutes full satisfaction and agreement by you as to the amounts and accounts referred toabove. The only exceptions shall be in the case of a claim by you to the contrary in writing and received at the Home Office of the Company within the timeperiod set forth in your Sales Compensation Plan(s).

SECTION V – RESTRICTIONS ON YOUR ACTIVITIES1. Using Information You Acquire

(a) All Records and Materials are the property of the Company or an Affiliate. You agree that you will not reproduce or use or allow the reproduction, distributionor use of the Records and Materials in any manner whatsoever, except pursuant to written Company policy or with the prior written consent of the Company.

(b) You are responsible for the safekeeping of Records and Materials which shall be open for audit and inspection by the Company at any time during your normalbusiness hours. Upon termination of this Agreement, all Records and Materials remain the Company’s property and must be returned to the Companyimmediately, or, with the consent of the Company, destroyed, unless you are required by law to maintain copies of such Records and Materials in your filesfor a minimum period of time which time period has not passed.

2. Advertising and Using the Company Name and Logo

You agree not to publish or distribute any advertising materials referencing the Company’s name, products, logo, or services, including in any manner which wouldimply or indicate the offer and/or sale of a security or interest in a security as defined in the Securities Act of 1933, as amended, without first obtaining the priorwritten approval of the Company to do so. You further agree to comply with any special advertising guidelines published by the Company from time to time.

SECTION VI – TERMINATION1. The Agreement may be terminated by either party for any reason including failure to meet minimum production requirements in your Sales Compensation Plan(s)

and without “cause” by giving the other party at least ten (10) days prior written notice to that effect. For “cause” the Company may terminate this Agreementimmediately without any prior notice to you.

GECA-AA (5/2005)

2. For purposes of this Agreement, “cause” shall include, but not be limited to, the following:

(a) commission of a fraudulent, dishonest or illegal act adversely affecting the Company or an Affiliate;

(b) withholding or misappropriating funds of the Company, its policyholders or applicants for any reason;

(c) violation of any provision hereunder regarding the making of Records and Materials available for audit and inspection;

(d) voluntarily surrendering your license after being cited for misconduct;

(e) willful violation of the laws, rules or regulations of any jurisdiction in your Assigned Territory, or any governmental authority exercising jurisdiction over you;and

(f) willful violation of any material terms or provisions of this Agreement.

The Company shall have the right to deem this Agreement to have been terminated for “cause,” if, after the Agreement terminates without cause, you violate theprovisions of Section II. 2(n) of this Agreement.

3. If the Company believes it may have the right to terminate this Agreement for cause, the Company can notify you that it is suspending this Agreement while itinvestigates whether cause for termination exists. This suspension can be imposed in place of terminating the Agreement, in order to provide time for determiningthe facts. Until a suspension is withdrawn, it has the same effect on your rights to commissions and other compensation hereunder as does notice of terminationfor cause. The Company will notify you whether your suspension is to be withdrawn or the Agreement is to be terminated for cause. If the suspension iswithdrawn, all accumulated compensation will be paid immediately. If the Agreement is terminated, the termination shall take effect as of the date you receivedthe notice of suspension, and no further commissions shall be due or payable hereunder for any reason after the date of termination.

4. This Agreement terminates automatically in the event:

(a) if you are natural person, you die, retire or become totally and permanently disabled (you shall be considered totally and permanently disabled if, by reason ofa physical or mental condition, you are unable to perform your natural obligations and duties under this Agreement), or

(b) any license or registration you are required to maintain under the terms of this Agreement is cancelled or not renewed, or

(c) if you are a corporation or partnership, you are dissolved or terminated.

5. If this Agreement terminates pursuant to this Section VI, you agree to and hereby do release the Company from any claim for profits, anticipated profits orearnings hereunder, other than for commissions already earned hereunder. You further acknowledge and agree that you have no claim for a refund orreimbursement of any funds you have advanced or expenses you have paid or incurred in connection with your responsibilities under this Agreement,unless the Company specifically authorized a reimbursement, in writing, prior to termination of this Agreement.

SECTION VII – USE OF NON-PUBLIC INFORMATION; CONFIDENTIALITY1. Definitions. When used in this Section VII, the terms listed below shall have the following special meanings:

(a) “Consumer” means an individual who seeks to obtain, obtains or has obtained insurance or other financial product or service from Company pursuant to thisAgreement, which product or service is intended to be used for personal, family or household purposes.

(b) “Consumer Information” means non-public personally identifiable financial and health information as those terms are defined by applicable Laws (i) providedby or on behalf of a Consumer to Company, including information obtained by you, and (ii) resulting from Company’s transactions or services related to atransaction with the Consumer. Consumer Information includes all lists of customers, former customers, applicants and prospective customers, and any list orgrouping of customers derived from personally identifiable financial or health information that is not publicly available.

(c) “Confidential Information” means any data or information regarding market share percentage, production goals, monthly production targets, top producers,actual product production, broker product listings, total sales data of the disclosing party, marketing strategies, strategic plans, financial or operational data,pricing and compensation information, sales estimates, business plans, business relationships, and internal performance results relating to the past, presentor future business activities of the disclosing party, its subsidiaries and affiliated companies and the customers, clients, employees and suppliers of any ofthe foregoing.

(d) “Laws” mean all applicable requirements of Consumer privacy laws, judicial interpretations, rules and regulations, including but not limited to the Gramm-Leach-Bliley Act.

2. Confidentiality Obligations. Except as expressly authorized by prior written consent of the disclosing party, each party shall:

(a) use and disclose Consumer Information in accordance with all applicable Laws and the privacy policies of each party hereto.

(b) limit access to any of the disclosing party’s Confidential Information and Consumer Information to its partners, shareholders, officers, directors, employees,representatives, agents, advisors, affiliates or representatives of its agents or advisors who have a need to know in connection with this Agreement.Confidential Information shall only be used in connection therewith.

(c) only use and disclose Consumer Information in order to (i) effect, administer, enforce or process transactions requested by a Consumer; (ii) adhere to certainregulatory requirements; (iii) evaluate each party’s performance under this Agreement; or (iv) perform services on behalf of the other including, but not limitedto, offering products and/or services to Consumers. Each party shall use Consumer Information disclosed by the other soley for the purposes for which it wasdisclosed and must not reuse or redisclose information for other purposes, except as permitted or required by applicable Laws and subject to any agreementsbetween the parties.

GECA-AA (5/2005)

(d) prior to disclosing Consumer Information to an Affiliate in order for the Affiliate to perform services or functions pursuant to this Agreement, the disclosingparty must restrict the Affiliate from disclosing Consumer Information.

(e) prior to disclosing Consumer Information to a third party in order to perform services or functions under this Agreement, the disclosing party must enter intoa written confidentiality agreement requiring the third party it to maintain the confidentiality of such information in accordance with the requirements ofthis Agreement.

(f) safeguard all such Confidential Information and Consumer Information it receives by implementing and maintaining appropriate administrative, technical andphysical safeguards to: (i) ensure the security and confidentiality of Confidential Information and Consumer Information; (ii) protect against any anticipatedthreats or hazards to the security or integrity of Confidential Information and Consumer Information, and; (iii) protect against unauthorized access to or use ofConfidential Information and Consumer Information which could result in substantial harm or inconvenience to any Consumer.

3. Exceptions to Confidentiality

(a) The obligations of confidentiality and restrictions on use set forth in Section VII shall not apply to any Consumer Information that:

[i] was already in the possession of the nondisclosing party prior to receipt thereof, directly or indirectly, from the disclosing party; or

[ii] is required to be disclosed pursuant to applicable Laws, regulatory requests, legal process, subpoena or court order.

(b) The obligations of confidentiality and restrictions on use set forth in Section VII shall not apply to any Confidential Information that:

[i] was in the public domain prior to the date of this Agreement or subsequently came into the public domain through no fault of the nondisclosing party orviolation of this Agreement;

[ii] was lawfully received by the nondisclosing party from a third party free of any obligation of confidence of such third party;

[iii] was already in the possession of the nondisclosing party prior to receipt thereof, directly or indirectly, from the disclosing party;

[iv] is required to be disclosed pursuant to applicable Laws, regulatory requests, legal process, subpoena or court order; or

[v] is subsequently and independently developed by employees, consultants or agents of the nondisclosing party without reference to or use of theConfidential Information disclosed under this Agreement.

(c) Notwithstanding any provision in this Agreement to the contrary, nothing herein shall prevent the Company, an Agent or your general agent fromdisclosing to a potential insured or owners the existence, amount or components of any compensation an Agent or your general agent is eligible toreceive or receives for the sale and servicing of the Company’s products. All Agents hereby agree to comply with all legal and regulatory require-ments and Company policies and procedures concerning the disclosure of the Agent’s or your general agent’s compensation to potential insureds orowners. For the purposes of this paragraph, “compensation” shall be construed broadly to included, without limitation, all commissions, incentivecompensation, fees, bonuses, trips and other awards, and any compensation directly or indirectly related to the sale and servicing of the Company’sproducts.

4. Equitable Relief. Each party agrees that money damages would not be a sufficient remedy for breach of the confidentiality and other obligations of thisAgreement. Accordingly, in addition to all other remedies that each party may have, each party shall be entitled to specific performance and injunctive relief orother equitable relief as a remedy for any breach of this Agreement without the requirement of posting a bond or other security.

5. Audit. Each party may audit the other party’s use and disclosure of Confidential Information and Consumer Information, as well as it’s safeguards to protectConfidential Information and Consumer Information, during regular business hours upon forty-eight (48) hours prior notice.

6. Term. The provisions of this Section VII shall survive termination of this Agreement.

SECTION VIII – MISCELLANEOUS PROVISIONS1. Any notice to the Company under this Agreement must be given by mail or in person to the Company at its Home Office or other designated location. Any notice

to you under this Agreement is deemed to have been given on the date delivered to you in person or mailed to your last known address on file with the Company.

2. The Company reserves the right, in its sole discretion, without prior notice, to withdraw or modify Products, including but not limited to the premium rates chargedand the benefits provided, and to change the underwriting guidelines or practices for Products at any time, and may unilaterally amend your Sales CompensationPlan(s) in accordance with the terms and provisions thereof.

3. You and the Company both acknowledge that no oral or written representations were made about this Agreement or about the relationship between you andCompany that are not set forth in this Agreement and that this Agreement constitutes the entire contract between you and the Company regarding the subjectmatter hereof. Your rights and the Company’s rights are governed only by this written Agreement and by any other subsequent written agreements oramendments hereto executed in accordance with the terms and provisions hereof. This Agreement may only be amended in writing. No oral representations orpromises shall be binding on the Company.

4. You agree to indemnify and hold the Company harmless from any and all expenses, attorney fees, costs, causes of action and damages resulting from and inconsequence of the negligence, recklessness or intentional misconduct of you or your employees. The Company agrees to indemnify and hold you harmless fromany and all expenses, attorney fees, costs, causes of action and damages resulting from and in consequence of the negligence, recklessness or intentionalmisconduct of the Company or its employees. The provisions of this subsection shall survive the termination of this Agreement.

5. This Agreement supersedes any agency agreement between the parties which was in effect immediately prior to the effective date of this Agreement. However,this provision does not impair your right to any compensation payable under such prior agreement. You may not assign this Agreement or any payment youbecome entitled to receive hereunder without the Company’s prior written consent, and any attempt to do so shall be void.

GECA-AA (5/2005)

6. If the Company waives any provision of this Agreement, the waiver shall apply only to that provision, and not to any other provision(s) of this Agreement. Nowaiver shall be effective unless it is in writing and signed by a duly authorized officer of the Company.

7. All notices or other communications given under this Agreement may be made by guaranteed overnight delivery, telecopy (including facsimile transmission) orcertified mail. Notice is effective when mailed to the last known address of the party on file with the other party, if different from the address shown above.

8. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision.

SECTION IX – EFFECTIVE DATEThis Agreement shall take effect as of __________________, __________.

In witness whereof you and the Company have entered into this Agreement through duly authorized representatives at the places and on the dates setforth below.

Executed on behalf of the Agent: Executed on behalf of General ElectricCapital Assurance Company:

By: __________________________________________________ By: __________________________________________________Name (Print or Type) Name (Print or Type)

Signature: _____________________________________________ Signature: _____________________________________________

Title: _________________________________________________ Title: _________________________________________________(If Applicable) (If Applicable)

Signed at: _____________________________________________ Signed at: _____________________________________________

Date Signed: ___________________________________________ Date Signed: ___________________________________________

Brokerage General Agent Name or Number

General Agent Name or Number

g GE Financial

Disclosure of Intent to Obtain Consumer Reports

This is to advise you that GE Financial Assurance Holdings, Inc. and its affiliates may obtain one or more consumer reports with respect to establishing your eligibility for employment, appointment, promotion, reassignment, and/or retention as an employee, agent and/or representative of GE Financial Assurance Holdings, Inc., or one or more of its affiliates. If requested, the report will be obtained from the investigative consumer-reporting agency named below:

Business Information Group, Inc. P.O. Box 130 Southampton, PA 18966 (800) 260-1680

The report may contain information regarding your character, general reputation, personal characteristics and mode of living. The nature and scope of the report is: financial and credit history, criminal records search, licensing and disciplinary action history, and employment history verification.

Authorization to Obtain Consumer Reports The undersigned hereby authorizes GE Financial Assurance Holdings, Inc. and its affiliates to procure one or more consumer reports and to share the information obtained therefrom with each other with respect to establishing your eligibility for employment, appointment, promotion, reassignment, and/or retention as an employee, agent, and/or representative of GE Financial Assurance Holdings, Inc. or one or more of its affiliates. Date: Signature:

Print Name: Affiliated Companies: American Mayflower Life Insurance Company of New York, Capital Brokerage Corporation (dba GE Capital Brokerage Corporation in IN, MN, NM and TX), Federal Home Life Insurance Company, First Colony Life Insurance Company, GE Capital Life Assurance Company of New York, GE Group Life Assurance Company, GE Investment Distributors, Inc., GE Life and Annuity Assurance Company, GE Private Asset Management, Inc., General Electric Capital Assurance Company, Professional Insurance Company (dba PIC Life Insurance Company in CA), Terra Financial Companies, LTD., Union Fidelity Life Insurance Company

DISCL04/03

Guide to Ethical Market Conduct

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GEFA17243 8/2003

A vital element for the success of GE Financial is a strong commitment to high standards ofbusiness practices and market conduct in the insurance marketplace. GE Financial’s Guide to EthicalMarket Conduct lays out the business practices and values that are fundamental to our company andour industry. In this regard, we fully support the Insurance Marketplace Standards Association(IMSA) and have adopted IMSA’s Market Conduct Program. The IMSA Principles that are the standards and requirements for membership are enclosed for your reference.

GE Financial’s Code of Ethical Conduct represents our company’s view of how all distributorsand employees must operate on a daily basis. This Code, along with IMSA’s Principles, creates thefoundation of our market conduct philosophy. Please read the enclosed materials carefully andensure that you understand them.

Thanks in advance for joining me in making a personal commitment to embrace this programand these principles. As distributors and employees of GE Financial, we are all responsible forupholding them and ensuring they are part of our culture.

Michael D. FraizerPresident and CEOGE Financial

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As a representative (distributor and/or employee) of one or more of the GE Financial companies (“Company”), it is my professional responsibility to:

1. Make recommendations and present products based on an analysis of the insurable needsor financial objectives of the customer.

2. Strive to provide each customer with an understanding of the nature of any recommendedproduct and its features, and to provide honest and accurate disclosure for an informed customer purchasing decision.

3. Treat each customer with respect and dignity and protect the privacy of each customer’spersonal information.

4. Establish and maintain the trust and confidence of every customer by delivering high quality service.

5. Present the Company, its products and the industry in a fair and professional manner.

6. Improve professional skills through continuing education and increased knowledge ofindustry issues and products.

7. Keep informed of and comply with applicable laws, regulations and Company requirements.

8. Communicate my concerns about activities or conditions that may be in violation of thiscode.

Code of Ethical Conduct 1

2 The Code of Ethical Conduct…What It Means

Code 1: Make recommendations and present products based on an analysis of the insurable needs or financial objectives of the customer.In making recommendations to a customer, we believe our distributors and employees should have reasonable

grounds to believe that the recommendation addresses the customer’s insurable needs or financial objectives. Each customer’s circumstances should be discussed, including relevant financial information. The customer’s need for insurance and investment products should be thoroughly reviewed and values, benefits and costs of existing coverages and products should be considered when making recommendations.

We strongly encourage the use of fact finding and needs analysis tools to assist distributors in determining customers’ needs and objectives. A list of recommended financial analysis tools and training on needs-based selling is available from the Company.

Code 2: Strive to provide each customer with an understanding of the nature of any recommended product and its features, and to provide honest and accurate disclosure for an informed customer purchasing decision.We believe distributors and employees should have an understanding of the features and operations of the

products that are presented and provide customers with information that is consistent with making appropriate buying decisions. Our distributors and employees should clearly identify the product being sold and provide balanced, complete information on features, benefits, costs, limitations and contract terms.

We are committed to providing clear, straightforward and factual sales and advertising materials. Therefore, all advertisements referring to any of the GE Financial companies or their products must be approved in writing prior to use. The advertising approval process, Company standards and related laws and regulations are available from your Company’s Compliance Department or by contacting the GE Financial Corporate Compliance Department at (804) 662-2780.

It is important that illustrations be used appropriately in sales presentations. To ensure that illustrations contain the required disclosure, only pre-approved illustration systems may be used.

We believe that replacement of an existing insurance or annuity policy must be appropriate for the customer and meet his or her needs or financial objectives. From a customer’s perspective, an appropriate replacement is also one that is justified from either an economic or personal standpoint. The provisions, features and benefits of both the current and proposed product should be considered in relation to the client’s needs, circumstances and goals. Some examples of the types of provisions that should be considered are: premium rate differences, differences in suicide and incontestability provisions for individual life insurance and pre-existing conditions, waiting periods, elimination periods, and probationary periods for health insurance policies. In addition, factors such as the age and health of the customer must be considered.Distributors are expected to provide all material information that the customer needs in order to ascertain whether replacement of an existing policy or contract is appropriate.

All replacements must be in compliance with applicable regulations and Company rules. Many states require accurate written comparisons of existing and proposed contracts to be provided to the customer when proposing a replacement. Distributors are expected to know and comply with these requirements.

Code 3: Treat each customer with respect and dignity and protect the privacy of each customer’s personal information.In our normal course of business, we are in a position to accumulate personal information about our clients.

We believe our integrity and the confidence entrusted to us by our customers are the foundation on which we build our business success. We acknowledge that customers place their trust in our distributors and employees and that nothing should jeopardize that trust. In addition, we must comply with applicable regulatory requirements governing the use of personal information.

Code 4: Establish and maintain the trust and confidence of every customer by delivering high-quality service.We are committed to providing quality products and services. We expect our distributors and employees to make

a commitment to our clients to provide and maintain competent sales and service. We promote industry education and require all distributors and employees to have the appropriate qualifications and training to perform their functions.

Maintaining customer trust and confidence requires that we respond promptly and thoroughly to customer complaints. GE Financial defines a customer complaint as a written or documented verbal communication received by ourCompany or its representative which primarily expresses a grievance.

3The Code of Ethical Conduct…What It Means

Code 5: Present the Company, its products and the industry in a fair and professional manner.We believe that ethical sales practices are essential for success in today’s business and regulatory environment. We

will not engage in unfair competition, including making disparaging or misleading remarks about a competitor. In the effortto support fair competition, we will make accurate representations of our Company and products to customers. We will complywith all applicable state insurance laws and regulations with respect to competing in the marketplace.

Code 6: Improve professional skills through continuing education and increased knowledge of industry issues and new products.We view ongoing education in our industry as fundamental to competent and customer-focused business practices.

Education generally consists of current knowledge regarding industry issues, emerging trends, laws and regulations and productinformation. Various resources are available for distributors and employees to further their professional skills, including theCompany, professional trade groups and independent third-party vendors. If you need assistance identifying the appropriatepersons in your business to help you improve your professional skills through continuing education, please contact the GE Financial Corporate Compliance Department at (804) 662-2780 and we will put you in touch with the appropriate parties.

Code 7: Keep informed of and comply with applicable laws, regulations and Company requirements.We are committed to complying with all applicable laws and regulations, our Code of Ethical Conduct and IMSA

Principles. Each distributor and employee is expected to adhere to all requirements regarding the sale and marketing of ourproducts. Failure to comply with laws, regulations and Company policies could result in disciplinary actions up to and includingtermination of the relationship. We will maintain and enforce policies and procedures to reasonably ensure compliance,including a system for monitoring sales practices, effectiveness of training and communicating all Company requirements.

Code 8: Communicate any concerns about activities or conditions that may be in violation of this Code.If you have a concern about what constitutes appropriate conduct for you or anyone else, inform the Company of

your concern by calling the GE Financial Ombudsperson Helpline at (888) 251-4332. We will provide a timely response toquestions about appropriate distributor or employee conduct.

Distributors must maintain appropriate licenses and appointments as required by the applicable jurisdictions inwhich they sell and solicit business. If you are a distributor and your license is lapsed, revoked, or otherwise terminated youshould notify us immediately.

Federal law prohibits an individual from engaging in the business of insurance if the individual (a “prohibited person”) has been convicted of certain felony crimes. It is GE Financial’s practice to screen potential distributorsand employees in order to identify prohibited persons. If you failed to disclose a previous felony conviction, or if you subsequently are convicted of a felony, contact your Company’s Compliance Department or the GE Financial CorporateCompliance Department for further instructions. Your conviction may or may not prevent you from representing (or beingemployed by) a GE Financial company – it depends upon the facts and requires a legal analysis.

Concluding RemarksFor purposes of applying the Code of Ethical Market Conduct and IMSA Principles, we consider distributors

to include independent agents, brokers and other types of producers, as well as employees, who are engaged in the solicitation and negotiation of insurance and investment products. Although IMSA membership promotes ethical marketconduct for individual life insurance, long-term care insurance, and annuities, it is GE Financial’s practice to also apply theIMSA Principles to sales and service of other types of products, if applicable.

The Guide to Ethical Market Conduct does not address all situations that may arise in the course of doing business.If you have specific questions or concerns regarding laws and regulations, Company requirements or IMSA Principles thatcannot be addressed at a local level, please contact the GE Financial Corporate Compliance Department directly.

4

PRINCIPLE 1 — To conduct business according to highstandards of honesty and fairness and to render that service to its customers which, in the same circumstances,it would apply to or demand for itself.

CODE A: The insurable needs or financialobjectives of its customers are determined basedupon relevant information obtained from thecustomer and the company enters into transactionswhich assist the customer in meeting his or herneeds or financial objectives.

CODE B: It maintains compliance with applicablelaws and regulations.

CODE C: In cooperation with consumers, regulators and others, it affirmatively seeks toimprove the practices for marketing and sales ofcovered products.

PRINCIPLE 2 — To provide competent and customer-focused sales and service.

CODE A: Its distributors and employees are ofgood character and business repute, and haveappropriate qualifications.

CODE B: Its distributors and appropriate com-pany employees are duly licensed, appointed orotherwise qualified under state law.

CODE C: Its distributors and employees are adequately trained, as appropriate to the company’s distribution system.

CODE D: Its distributors and appropriate company employees have adequate knowledgeof the company’s products and their operation.

CODE E: Its distributors and appropriate company employees participate in continuingeducation.

PRINCIPLE 3 — To engage in active and fair competition.

CODE A: The company maintains compliancewith applicable state and federal laws fosteringfair competition, and requires its distributorsand appropriate company employees to refrainfrom disparaging competitors.

CODE B: The company or its distributors and appropriate company employees provide information to customers in a manner consistent with Principle 4 prior to replacingcovered products.

PRINCIPLE 4 — To provide advertising and sales materials that are clear as to purpose and honest and fairas to content.

CODE A: Presentation of any material designedto lead to sales or solicitation of covered products is done in a manner consistent withthe needs of the customer. All such sales orsolicitation communications should be basedupon the principles of fair dealing and goodfaith, and will have a sound basis in fact.

CODE B: Materials presented as part of a saleare comprehensible in light of the complexity ofthe product being sold.

CODE C: It maintains compliance with applicable laws and regulations related to advertising, unfair trade practices, sales illustrations, and other similar provisions.

CODE D: Illustrations or other representationsof premiums and considerations, costs, values,and benefits are accurate, fair, complete andcontain appropriate disclosures.

IMSA Principles

PRINCIPLE 5 — To provide for fair and expeditious handling of customer complaints and disputes.

CODE A: Complaints are identified, evaluated,and handled in compliance with applicable lawsand regulations related to consumer complainthandling.

CODE B: Good faith efforts are made to resolvecomplaints and disputes without resorting tocivil litigation.

PRINCIPLE 6 — To maintain a system of supervision andreview that is reasonably designed to achieve compliancewith these Principles of Ethical Market Conduct.

CODE A: It establishes and enforces policiesand procedures reasonably designed to complywith the Principles and Code of Ethical MarketConduct.

CODE B: There is an adequate system of supervision of the sales and marketing activitiesof its distributors and appropriate companyemployees in order to monitor their compliancewith these Principles and Code of EthicalMarket Conduct and applicable laws and regulations.

CODE C: Compliance training sessions are conducted for appropriate company employeeson the company’s policies and procedures, thePrinciples and Code of Ethical Market Conductand applicable laws and regulations.

CODE D: It establishes and enforces policiesand procedures reasonably designed to monitorcompliance with the Principles and Code ofEthical Market Conduct and applicable laws and regulations.

IMSA Principles 5

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GE Financial 6620 West Broad StreetRichmond, VA 23230

© 2001-2003 GE Financial Assurance Holdings, Inc. All rights reserved.

GE Financial is an integrated family of companies providing consumers dynamic ways to accumulate and preservewealth. Our diverse solutions help our consumers meet financialneeds at every stage of their lives.

GE Financial companies include:

American Mayflower Life Insurance Company of New YorkCapital Brokerage Corporation

(dba GE Capital Brokerage Corporation in IN, MN, NM and TX)Federal Home Life Insurance CompanyFirst Colony Life Insurance CompanyGE Capital Life Assurance Company of New YorkGE Group Life Assurance CompanyGE Investment Distributors, Inc.GE Life and Annuity Assurance CompanyGE Private Asset Management, Inc.General Electric Capital Assurance CompanyProfessional Insurance Company

(dba PIC Life Insurance Company in CA)Terra Financial Companies, Ltd.Union Fidelity Life Insurance Company

GE Financial

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