<HTML>
<HEAD>
<TITLE>Reinsurance Group of America, Incorporated Form S-8; Phantom Stock Plan for Directors</TITLE>
</HEAD>
<BODY>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>As
filed with the Securities and Exchange Commission on October 5, 2004 </FONT></TD>
</TR>
<TR>
     <TD ALIGN=right><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  </FONT></TD>
</TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Page Rule Double" FSL="Default" -->
<HR ALIGN=LEFT WIDTH=100% SIZE=3 NOSHADE>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>UNITED STATES</B> </FONT></TD>
</TR>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>SECURITIES AND EXCHANGE COMMISSION</B> </FONT></TD>
</TR>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>Washington, D.C. 20549</B> </FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER><HR SIZE=3 NOSHADE WIDTH=25%> </TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>FORM S-8</B> </FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>REGISTRATION STATEMENT</B> </FONT></TD>
</TR>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>UNDER</B> </FONT></TD>
</TR>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>THE SECURITIES ACT OF 1933</B> </FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER><HR SIZE=3 NOSHADE WIDTH=25%> </TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>REINSURANCE GROUP OF AMERICA, INCORPORATED</B> </FONT></TD>
</TR>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(Exact name of registrant as specified in its charter)</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>Missouri</B></FONT></TD>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>43-1627032</B></FONT></TD>
</TR>
<TR>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(State or other jurisdiction of<BR>incorporation or organization) </FONT></TD>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(I.R.S. Employer<BR>Identification No.)</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=BOTTOM>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>1370 Timberlake Manor Parkway<BR>Chesterfield, Missouri</B> </FONT></TD>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>63017-6039</B></FONT></TD>
</TR>
<TR>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(Address of Principal Executive Offices)  </FONT></TD>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(Zip Code)</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER><HR SIZE=3 NOSHADE WIDTH=25%> </TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>Phantom Stock Plan for Directors of Reinsurance Group of America, Incorporated</B> </FONT></TD>
</TR>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(Full title of the plans)</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER><HR SIZE=3 NOSHADE WIDTH=25%> </TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>JACK B. LAY</B> </FONT></TD>
</TR>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>Executive Vice President and Chief Financial Officer<BR>
                                              Reinsurance Group of America, Incorporated<BR>
                                                     1370 Timberlake Manor Parkway<BR>
                                                   Chesterfield, Missouri 63017-6039<BR>
                                                            (636) 736-7000</B> </FONT></TD>
</TR>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(Name, address and telephone number of agent for service)</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER><HR SIZE=3 NOSHADE WIDTH=25%> </TD>
</TR>
</TABLE>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Copy to:</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>R. RANDALL WANG, ESQ.</B> </FONT></TD>
</TR>
<TR>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>Bryan Cave LLP<BR>
                                                    211 North Broadway, Suite 3600<BR>
                                                    St. Louis, Missouri 63102-2750<BR>
                                                            (314) 259-2000</B> </FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER><HR SIZE=3 NOSHADE WIDTH=25%> </TD>
</TR>
</TABLE>



<PAGE>

<BR>
<HR SIZE=3 NOSHADE>
<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>CALCULATION OF REGISTRATION FEE</FONT></H1>
<HR SIZE=3 NOSHADE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=BOTTOM>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Title of<BR>Securities<BR>to be<BR>Registered <sup>(1)</sup></FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Amount<BR>of Shares<BR>to be<BR>Registered </FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Proposed<BR>Maximum<BR>Offering Price<BR>per Share <sup>(2)</sup> </FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Proposed<BR>Maximum<BR>Aggregate<BR>Offering<BR>Price <sup>(2)</sup> </FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Amount of<BR>Registration<BR>Fee <sup>(2)</sup> </FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=BOTTOM>
     <TD WIDTH=100% ALIGN=CENTER colspan=5><HR SIZE=1 NOSHADE> </TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=20%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Common Stock,<BR>par value $0.01 per share </FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>100,000</FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>$40.83</FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>$4,083,000</FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>$518</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=BOTTOM>
     <TD WIDTH=100% ALIGN=CENTER colspan=5><HR SIZE=1 NOSHADE> </TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para (List) Hang " FSL="Default" -->
     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1) </FONT></TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          This Registration Statement also covers such additional shares of Common Stock
          of the Registrant as may be issuable pursuant to anti-dilution provisions of the
          Phantom Stock Plan for Directors of Reinsurance Group of America, Incorporated
          (the &#147;Plan&#148;). Pursuant to Rule 416(a) of the Securities Act of 1933,
          as amended (the &#147;Securities Act&#148;), this Registration Statement shall
          also cover any additional shares of the Registrant&#146;s Common Stock that
          become issuable by reason of any stock dividend, stock split, recapitalization
          or other similar transaction effected without the receipt of consideration that
          increases the number of the Registrant&#146;s outstanding shares of Common
          Stock. </FONT></P></TD>
          </TR>
          </TABLE>
          <BR>

<!-- MARKER FORMAT-SHEET="Para (List) Hang " FSL="Default" -->
     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2) </FONT></TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          Pursuant to Rule 457(c) and Rule 457(h), the Proposed Maximum Offering Price Per
          Share and the Proposed Maximum Aggregate Offering Price are computed on the
          basis of the average of the high and low trading prices for the Common Stock on
          September 28, 2004, as reported on the New York Stock Exchange. </FONT></P></TD>
          </TR>
          </TABLE>
          <BR>


<PAGE>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>PART I:&nbsp;&nbsp;&nbsp; INFORMATION
REQUIRED IN THE SECTION 10(a) PROSPECTUS </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
documents containing the information specified in Items 1 and 2 of Part I of Form S-8 will
be sent or given to participants of the Phantom Stock Plan for Directors of Reinsurance
Group of America, Incorporated as specified in Rule 428(b)(1) under the Securities Act of
1933, as amended. In accordance with the instructions to Part I, those documents are not
filed with the Commission as part of this Registration Statement or a prospectus under
Rule 424 of the Securities Act of 1933, as amended. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>PART II:&nbsp;&nbsp;&nbsp;INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incorporation of
Documents by Reference. </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following documents and information previously filed by the Registrant with the Securities
and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended are
hereby incorporated by reference: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Item 3(a)</FONT></P>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
     <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>The Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2003. </FONT></TD>
</TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Item 3(b)</FONT></P>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
     <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>The Registrant's Quarterly Reports on Form 10-Q for the quarters ended June 30, 2004 and March 31, 2004.</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
     <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>The  Registrant's  Current Reports on Form 8-K, filed by the Registrant with the Commission on September 10, 2004,
July 23, 2004 and June 30, 2004.</FONT></TD>
</TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Item 3(c)</FONT></P>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
     <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Not applicable.</FONT></TD>
</TR>
</TABLE>


<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective
amendment which indicates that all securities offered have been sold or which deregisters
all securities then remaining unsold, shall be deemed to be incorporated by reference in
this Registration Statement and to be part hereof from the date of filing such documents. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interests of
Named Experts and Counsel. </FONT></H1>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
     <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Not applicable.</FONT></TD>
</TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indemnification
of Directors and Officers. </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
351.355(1) of the Revised Statutes of Missouri provides that a corporation may indemnify a
director, officer, employee or agent of the corporation in any action, suit or proceeding
other than an action by or in the right of the corporation, against expenses (including
attorney&#146;s fees), judgments, fines and settlement amounts actually and reasonably
incurred by him in connection with such action, suit or </font></p>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=3>1</font></p>
<page>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>proceeding if he acted in good
faith and in a manner he reasonably believed to be in or not opposed to the best interests
of the corporation and, with respect to any criminal action, had no reasonable cause to
believe his contact was unlawful. Section 351.355(2) provides that the corporation may
indemnify any such person in any action or suit by or in the right of the corporation
against expenses (including attorneys&#146; fees) and settlement amounts actually and
reasonably incurred by him in connection with the defense or settlement of the action or
suit if he acted in good faith and in a manner he reasonably believed to be in or not
opposed to the best interests of the corporation, except that he may not be indemnified in
respect of any matter in which he has been adjudged liable for negligence or misconduct in
the performance of his duty to the corporation, unless authorized by the court. Section
351.355(3) provides that a corporation may indemnify any such person against expenses
(including attorneys&#146; fees) actually and reasonably incurred by him in connection
with the action, suit or proceeding if he has been successful in defense of such action,
suit or proceeding and if such action, suit or proceeding is one for which the corporation
may indemnify him under Section 351.355(1) or (2). Section 351.355(7) provides that a
corporation shall have the power to give any further indemnity to any such person, in
addition to the indemnity otherwise authorized under Section 351.355, provided such
further indemnity is either (i) authorized, directed or provided for in the articles of
incorporation of the corporation or any duly adopted amendment thereof or (ii) is
authorized, directed or provided for in any by-law or agreement of the corporation which
has been adopted by a vote of the stockholders of the corporation, provided that no such
indemnity shall indemnify any person from or on account of such person&#146;s conduct
which was finally adjudged to have been knowingly fraudulent, deliberately dishonest or
willful misconduct. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Restated Articles of Incorporation of the Registrant contain provisions indemnifying its
directors, officers, employees and agents to the extent authorized specifically by
Sections 351.355(1), (2) (3) and (7). The Registrant has entered into indemnification
contracts with its officers and directors. The contracts provide that the Registrant under
certain circumstances may self-insure against directors&#146; and officers&#146;
liabilities now insured under the policy of insurance referred to below and will provide
indemnity to the fullest extent permitted by law against all expenses (including
attorneys&#146; fees), judgments, fines and settlement amounts, paid or incurred in any
action or proceeding, including any act on behalf of the Registrant, on account of their
service as a director or officer of the Registrant, any subsidiary of the Registrant or
any other company or enterprise when they are serving in such capacities at the request of
the Registrant, excepting only cases where the conduct of such person is adjudged to be
knowingly fraudulent, deliberately dishonest or willful misconduct. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Restated Articles of Incorporation of the Registrant limit the liability of its directors
to the Registrant or any of its shareholders for monetary damages for breach of fiduciary
duty as a director to the fullest extent permitted under Missouri law. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Directors
or officers of the Registrant who are directors or officers of MetLife, Inc.
(&#147;MetLife&#148;) or its affiliates may also be entitled to indemnification pursuant
to the charter documents of such companies or under the provisions of agreements with such
companies providing indemnification to them since they serve as directors or officers of
the Registrant at the request of MetLife or its affiliates, as the case may be. Such
individuals may also be covered by directors&#146; and officers&#146; liability insurance
policies of MetLife or its affiliates, as the case may be. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Metropolitan
Life Insurance Company, an affiliate of MetLife, maintains a policy of insurance under
which the directors and officers of the Registrant are insured, subject to the limits of
the policy, against certain losses, as defined in the policy, arising from claims made
against such directors and officers by reason of any wrongful acts, as defined in the
policy, in their respective capacities as directors or officers. </FONT></P>

<BR><BR>
<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=3>2</font></p>

<page>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exemption from
Registration Claimed. </FONT></H1>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
     <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Not applicable.</FONT></TD>
</TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits. </FONT></H1>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
     <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>See Exhibit
Index filed herewith.</FONT></TD>
</TR>
</TABLE>


<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Undertakings. </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The undersigned Registrant hereby undertakes: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          To file, during any period in which offers or sales are being made, a
          post-effective amendment to this registration statement: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          To include any prospectus required by Section 10(a)(3) of the Securities Act of
          1933; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          To reflect in the prospectus any facts or events arising after the effective
          date of the registration statement (or the most recent post-effective amendment
          thereof) which, individually or in the aggregate, represent a fundamental change
          in the information set forth in the registration statement; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          To include any material information with respect to the plan of distribution not
          previously disclosed in the registration statement or any material change to
          such information in the registration statement; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provided,
however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required
to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed by the Registrant pursuant to Section 13 or Section 15(d) of the Securities
Exchange Act of 1934 that are incorporated by reference in the registration statement. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          That, for the purpose of determining any liability under the Securities Act of
          1933, each such post-effective amendment shall be deemed to be a new
          registration statement relating to the securities offered therein, and the
          offering of such securities at that time shall be deemed to be the initial bona
          fide offering thereof. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          To remove from registration by means of a post-effective amendment any of the
          securities being registered which remain unsold at the termination of the
          offering. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          That, for purposes of determining any liability under the Securities Act of
          1933, each filing of the Registrant&#146;s annual report pursuant to Section
          13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where
          applicable, each filing of an employee benefit plan&#146;s annual report
          pursuant to Section&nbsp;15(d) of the Securities Exchange Act of 1934) that is
          incorporated by reference in the registration statement shall be deemed to be a
          new registration statement relating to the securities offered therein, and the
          offering of such securities at that time shall be deemed to be the initial bona
          fide offering thereof. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Insofar as indemnification for liabilities arising under the Securities Act of
          1933 may be permitted to directors, officers and controlling persons of the
          Registrant pursuant to the foregoing provisions, or otherwise, the Registrant
          has been advised that in the opinion of the Securities and Exchange</font></p>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=3>3</font></p>
<page>
<BR>
<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Commission
          such indemnification is against public policy as expressed in the Securities Act
          of 1933 and is, therefore, unenforceable. In the event that a claim for
          indemnification against such liabilities (other than the payment by the
          Registrant of expenses incurred or paid by a director, officer or controlling
          person of the Registrant in the successful defense of any action, suit or
          proceeding) is asserted by such director, officer or controlling person in
          connection with the securities being registered, the Registrant will, unless in
          the opinion of its counsel the matter has been settled by controlling precedent,
          submit to a court of appropriate jurisdiction the question whether such
          indemnification by it is against public policy as expressed in the Securities
          Act of 1933 and will be governed by the final adjudication of such issue. </FONT></P>

<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=3>4</font></p>

<PAGE>


<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>SIGNATURES </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Chesterfield, State of Missouri, on
this 5<SUP>th</SUP> day of October, 2004. </FONT></P>


<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>REINSURANCE GROUP OF AMERICA, INCORPORATED</B> </FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
     <TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>By: </FONT></TD>
     <TD WIDTH=47%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;/s/ Jack B. Lay </FONT><HR SIZE=1 NOSHADE> </TD>
</TR>
<TR>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
     <TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3> </FONT></TD>
     <TD WIDTH=47%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Jack B. Lay<BR>
Executive Vice President and Chief Financial Officer </FONT></TD>
</TR>
</TABLE>


<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>POWER OF ATTORNEY </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW
ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby
constitutes and appoints Jack B. Lay and James E. Sherman, or either of them, his
attorneys-in-fact and agents, each with full power of substitution for him and in his
name, place and stead, in any and all capacities, to sign any or all amendments
(including, without limitation, post-effective amendments and documents in connection
therewith) to this Registration Statement, and to file the same with all exhibits thereto
and other documents in connection therewith, with the Securities and Exchange Commission,
granting unto each of said attorneys-in-fact and agents full power and authority to do so
and perform each and every act and thing requisite and necessary to be done in connection
with this Registration Statement, as fully to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that either of said
attorneys-in-fact and agents, or his substitute or substitutes, may lawfully do or cause
to be done by virtue hereof. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities and on the dates indicated. </FONT></P>


<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=35% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>Signature</U> </FONT></TD>
     <TD WIDTH=35% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>Title</U> </FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>Date</U> </FONT></TD>
</TR>
</TABLE>
<BR><BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;/s/ A. Greig Woodring </FONT><HR SIZE=1 NOSHADE WIDTH=80% ALIGN=LEFT> </TD>
     <TD WIDTH=35% ROWSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=3>President, Chief Executive Officer and<BR>
Director (Principal Executive Officer)  </FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 5, 2004</FONT></TD>
</TR>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>A. Greig Woodring </FONT></TD>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;/s/ William J. Bartlett </FONT><HR SIZE=1 NOSHADE WIDTH=80% ALIGN=LEFT> </TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Director </FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 5, 2004</FONT></TD>
</TR>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>William J. Bartlett </FONT></TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;/s/ J. Cliff Eason </FONT><HR SIZE=1 NOSHADE WIDTH=80% ALIGN=LEFT> </TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Director </FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 5, 2004</FONT></TD>
</TR>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>J. Cliff Eason </FONT></TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;/s/ Stuart I. Greenbaum </FONT><HR SIZE=1 NOSHADE WIDTH=80% ALIGN=LEFT> </TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Director </FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 5, 2004</FONT></TD>
</TR>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Stuart I. Greenbaum</FONT></TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
</TR>
</TABLE>
<BR>
<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=3>5</font></p>

<PAGE>

<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=35% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>Signature</U> </FONT></TD>
     <TD WIDTH=35% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>Title</U> </FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>Date</U> </FONT></TD>
</TR>
</TABLE>
<BR><BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;/s/ Alan C. Henderson </FONT><HR SIZE=1 NOSHADE WIDTH=80% ALIGN=LEFT> </TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Director </FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 5, 2004</FONT></TD>
</TR>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Alan C. Henderson</FONT></TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;/s/ Leland C. Launer Jr. </FONT><HR SIZE=1 NOSHADE WIDTH=80% ALIGN=LEFT> </TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Director </FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 5, 2004</FONT></TD>
</TR>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Leland C. Launer Jr.</FONT></TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;/s/ Joseph A. Reali </FONT><HR SIZE=1 NOSHADE WIDTH=80% ALIGN=LEFT> </TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Director </FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 5, 2004</FONT></TD>
</TR>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Joseph A. Reali</FONT></TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;/s/ Lisa M. Weber </FONT><HR SIZE=1 NOSHADE WIDTH=80% ALIGN=LEFT> </TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Director </FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 5, 2004</FONT></TD>
</TR>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Lisa M. Weber</FONT></TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;/s/ Jack B. Lay </FONT><HR SIZE=1 NOSHADE WIDTH=80% ALIGN=LEFT> </TD>
     <TD WIDTH=35% ROWSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Executive Vice President and Chief<BR> Financial
                                     Officer (Principal Financial and<BR> Accounting Officer)</FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 5, 2004</FONT></TD>
</TR>
<TR>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Jack B. Lay</FONT></TD>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
</TR>
</TABLE>
<BR>
<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=3>6</font></p>



<PAGE>
<BR>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>INDEX TO EXHIBITS</FONT></H1>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 width=100%>
<TR VALIGN=BOTTOM>
     <TD width=10% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Exhibit<BR><U>Number</U> </font></TD>
     <TD width=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </font></TD>
     <TD width=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Exhibit </U></font></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 width=100%>
<TR>
     <TD width=7% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>5.1 </font></TD>
     <TD width=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </font></TD>
     <TD width=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Opinion of James E. Sherman, Esq. </font></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 width=100%>
<TR valign=top>
     <TD width=7% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>10.1 </font></TD>
     <TD width=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </font></TD>
     <TD width=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Phantom Stock Plan for Directors of Reinsurance  Group of America,  Incorporated,  as amended and
                    restated</font></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 width=100%>
<TR>
     <TD width=7% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>23.1 </font></TD>
     <TD width=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </font></TD>
     <TD width=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Consent of Independent Registered Public Accounting Firm </font></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 width=100%>
<TR>
     <TD width=7% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>23.2 </font></TD>
     <TD width=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </font></TD>
     <TD width=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Consent of James E. Sherman, Esq. (included in Exhibit 5.1) </font></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 width=100%>
<TR>
     <TD width=7% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>24.1 </font></TD>
     <TD width=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </font></TD>
     <TD width=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Power of Attorney (included on signature page) </font></TD>
</TR>
</TABLE>
<BR>



</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "forms8_082704d.htm", "description": "PHANTOM STOCK PLAN FOR DIRECTORS", "secsgml_size_bytes": 43893}]
{"company-data": {"conformed-name": "REINSURANCE GROUP OF AMERICA INC", "cik": "0000898174", "assigned-sic": "6321", "irs-number": "431627032", "state-of-incorporation": "MO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-119544", "film-number": "041066312"}, "business-address": {"street1": "1370 TIMBERLAKE MANOR PARKWAY", "city": "CHESTERFIELD", "state": "MO", "zip": "63017-6039", "phone": "6367367000"}, "mail-address": {"street1": "1370 TIMBERLAKE MANOR PARKWAY", "city": "CHESTERFIELD", "state": "MO", "zip": "63017-6039"}}
Reinsurance Group of America, Incorporated Form S-8; Phantom Stock Plan for Directors
As
filed with the Securities and Exchange Commission on October 5, 2004
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
REINSURANCE GROUP OF AMERICA, INCORPORATED
(Exact name of registrant as specified in its charter)
Missouri
43-1627032
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
1370 Timberlake Manor Parkway
Chesterfield, Missouri
63017-6039
(Address of Principal Executive Offices)
(Zip Code)
Phantom Stock Plan for Directors of Reinsurance Group of America, Incorporated
(Full title of the plans)
JACK B. LAY
Executive Vice President and Chief Financial Officer
Reinsurance Group of America, Incorporated
1370 Timberlake Manor Parkway
Chesterfield, Missouri 63017-6039
(636) 736-7000
(Name, address and telephone number of agent for service)
Copy to:
R. RANDALL WANG, ESQ.
Bryan Cave LLP
211 North Broadway, Suite 3600
St. Louis, Missouri 63102-2750
(314) 259-2000
CALCULATION OF REGISTRATION FEE
Title of
Securities
to be
Registered
(1)
Amount
of Shares
to be
Registered
Proposed
Maximum
Offering Price
per Share
(2)
Proposed
Maximum
Aggregate
Offering
Price
(2)
Amount of
Registration
Fee
(2)
Common Stock,
par value $0.01 per share
100,000
$40.83
$4,083,000
$518
(1)
This Registration Statement also covers such additional shares of Common Stock
          of the Registrant as may be issuable pursuant to anti-dilution provisions of the
          Phantom Stock Plan for Directors of Reinsurance Group of America, Incorporated
          (the "Plan"). Pursuant to Rule 416(a) of the Securities Act of 1933,
          as amended (the "Securities Act"), this Registration Statement shall
          also cover any additional shares of the Registrant's Common Stock that
          become issuable by reason of any stock dividend, stock split, recapitalization
          or other similar transaction effected without the receipt of consideration that
          increases the number of the Registrant's outstanding shares of Common
          Stock.
(2)
Pursuant to Rule 457(c) and Rule 457(h), the Proposed Maximum Offering Price Per
          Share and the Proposed Maximum Aggregate Offering Price are computed on the
          basis of the average of the high and low trading prices for the Common Stock on
          September 28, 2004, as reported on the New York Stock Exchange.
PART I:    INFORMATION
REQUIRED IN THE SECTION 10(a) PROSPECTUS
The
documents containing the information specified in Items 1 and 2 of Part I of Form S-8 will
be sent or given to participants of the Phantom Stock Plan for Directors of Reinsurance
Group of America, Incorporated as specified in Rule 428(b)(1) under the Securities Act of
1933, as amended. In accordance with the instructions to Part I, those documents are not
filed with the Commission as part of this Registration Statement or a prospectus under
Rule 424 of the Securities Act of 1933, as amended.
PART II:   INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
Item 3.      Incorporation of
Documents by Reference.
The
following documents and information previously filed by the Registrant with the Securities
and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended are
hereby incorporated by reference:
Item 3(a)
The Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2003.
Item 3(b)
The Registrant's Quarterly Reports on Form 10-Q for the quarters ended June 30, 2004 and March 31, 2004.
The  Registrant's  Current Reports on Form 8-K, filed by the Registrant with the Commission on September 10, 2004,
July 23, 2004 and June 30, 2004.
Item 3(c)
Not applicable.
All
documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective
amendment which indicates that all securities offered have been sold or which deregisters
all securities then remaining unsold, shall be deemed to be incorporated by reference in
this Registration Statement and to be part hereof from the date of filing such documents.
Item 5.      Interests of
Named Experts and Counsel.
Not applicable.
Item 6.      Indemnification
of Directors and Officers.
Section
351.355(1) of the Revised Statutes of Missouri provides that a corporation may indemnify a
director, officer, employee or agent of the corporation in any action, suit or proceeding
other than an action by or in the right of the corporation, against expenses (including
attorney's fees), judgments, fines and settlement amounts actually and reasonably
incurred by him in connection with such action, suit or
1
proceeding if he acted in good
faith and in a manner he reasonably believed to be in or not opposed to the best interests
of the corporation and, with respect to any criminal action, had no reasonable cause to
believe his contact was unlawful. Section 351.355(2) provides that the corporation may
indemnify any such person in any action or suit by or in the right of the corporation
against expenses (including attorneys' fees) and settlement amounts actually and
reasonably incurred by him in connection with the defense or settlement of the action or
suit if he acted in good faith and in a manner he reasonably believed to be in or not
opposed to the best interests of the corporation, except that he may not be indemnified in
respect of any matter in which he has been adjudged liable for negligence or misconduct in
the performance of his duty to the corporation, unless authorized by the court. Section
351.355(3) provides that a corporation may indemnify any such person against expenses
(including attorneys' fees) actually and reasonably incurred by him in connection
with the action, suit or proceeding if he has been successful in defense of such action,
suit or proceeding and if such action, suit or proceeding is one for which the corporation
may indemnify him under Section 351.355(1) or (2). Section 351.355(7) provides that a
corporation shall have the power to give any further indemnity to any such person, in
addition to the indemnity otherwise authorized under Section 351.355, provided such
further indemnity is either (i) authorized, directed or provided for in the articles of
incorporation of the corporation or any duly adopted amendment thereof or (ii) is
authorized, directed or provided for in any by-law or agreement of the corporation which
has been adopted by a vote of the stockholders of the corporation, provided that no such
indemnity shall indemnify any person from or on account of such person's conduct
which was finally adjudged to have been knowingly fraudulent, deliberately dishonest or
willful misconduct.
The
Restated Articles of Incorporation of the Registrant contain provisions indemnifying its
directors, officers, employees and agents to the extent authorized specifically by
Sections 351.355(1), (2) (3) and (7). The Registrant has entered into indemnification
contracts with its officers and directors. The contracts provide that the Registrant under
certain circumstances may self-insure against directors' and officers'
liabilities now insured under the policy of insurance referred to below and will provide
indemnity to the fullest extent permitted by law against all expenses (including
attorneys' fees), judgments, fines and settlement amounts, paid or incurred in any
action or proceeding, including any act on behalf of the Registrant, on account of their
service as a director or officer of the Registrant, any subsidiary of the Registrant or
any other company or enterprise when they are serving in such capacities at the request of
the Registrant, excepting only cases where the conduct of such person is adjudged to be
knowingly fraudulent, deliberately dishonest or willful misconduct.
The
Restated Articles of Incorporation of the Registrant limit the liability of its directors
to the Registrant or any of its shareholders for monetary damages for breach of fiduciary
duty as a director to the fullest extent permitted under Missouri law.
Directors
or officers of the Registrant who are directors or officers of MetLife, Inc.
("MetLife") or its affiliates may also be entitled to indemnification pursuant
to the charter documents of such companies or under the provisions of agreements with such
companies providing indemnification to them since they serve as directors or officers of
the Registrant at the request of MetLife or its affiliates, as the case may be. Such
individuals may also be covered by directors' and officers' liability insurance
policies of MetLife or its affiliates, as the case may be.
Metropolitan
Life Insurance Company, an affiliate of MetLife, maintains a policy of insurance under
which the directors and officers of the Registrant are insured, subject to the limits of
the policy, against certain losses, as defined in the policy, arising from claims made
against such directors and officers by reason of any wrongful acts, as defined in the
policy, in their respective capacities as directors or officers.
2
Item 7.     Exemption from
Registration Claimed.
Not applicable.
Item 8.     Exhibits.
See Exhibit
Index filed herewith.
Item 9.     Undertakings.
(a)       
          The undersigned Registrant hereby undertakes:
(1)       
          To file, during any period in which offers or sales are being made, a
          post-effective amendment to this registration statement:
(i)       
          To include any prospectus required by Section 10(a)(3) of the Securities Act of
          1933;
(ii)       
          To reflect in the prospectus any facts or events arising after the effective
          date of the registration statement (or the most recent post-effective amendment
          thereof) which, individually or in the aggregate, represent a fundamental change
          in the information set forth in the registration statement;
(iii)       
          To include any material information with respect to the plan of distribution not
          previously disclosed in the registration statement or any material change to
          such information in the registration statement;
Provided,
however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required
to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed by the Registrant pursuant to Section 13 or Section 15(d) of the Securities
Exchange Act of 1934 that are incorporated by reference in the registration statement.
(2)       
          That, for the purpose of determining any liability under the Securities Act of
          1933, each such post-effective amendment shall be deemed to be a new
          registration statement relating to the securities offered therein, and the
          offering of such securities at that time shall be deemed to be the initial bona
          fide offering thereof.
(3)       
          To remove from registration by means of a post-effective amendment any of the
          securities being registered which remain unsold at the termination of the
          offering.
(b)       
          That, for purposes of determining any liability under the Securities Act of
          1933, each filing of the Registrant's annual report pursuant to Section
          13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where
          applicable, each filing of an employee benefit plan's annual report
          pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is
          incorporated by reference in the registration statement shall be deemed to be a
          new registration statement relating to the securities offered therein, and the
          offering of such securities at that time shall be deemed to be the initial bona
          fide offering thereof.
(c)       
          Insofar as indemnification for liabilities arising under the Securities Act of
          1933 may be permitted to directors, officers and controlling persons of the
          Registrant pursuant to the foregoing provisions, or otherwise, the Registrant
          has been advised that in the opinion of the Securities and Exchange
3
Commission
          such indemnification is against public policy as expressed in the Securities Act
          of 1933 and is, therefore, unenforceable. In the event that a claim for
          indemnification against such liabilities (other than the payment by the
          Registrant of expenses incurred or paid by a director, officer or controlling
          person of the Registrant in the successful defense of any action, suit or
          proceeding) is asserted by such director, officer or controlling person in
          connection with the securities being registered, the Registrant will, unless in
          the opinion of its counsel the matter has been settled by controlling precedent,
          submit to a court of appropriate jurisdiction the question whether such
          indemnification by it is against public policy as expressed in the Securities
          Act of 1933 and will be governed by the final adjudication of such issue.
4
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Chesterfield, State of Missouri, on
this 5
th
day of October, 2004.
REINSURANCE GROUP OF AMERICA, INCORPORATED
By:
/s/ Jack B. Lay
Jack B. Lay
Executive Vice President and Chief Financial Officer
POWER OF ATTORNEY
KNOW
ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby
constitutes and appoints Jack B. Lay and James E. Sherman, or either of them, his
attorneys-in-fact and agents, each with full power of substitution for him and in his
name, place and stead, in any and all capacities, to sign any or all amendments
(including, without limitation, post-effective amendments and documents in connection
therewith) to this Registration Statement, and to file the same with all exhibits thereto
and other documents in connection therewith, with the Securities and Exchange Commission,
granting unto each of said attorneys-in-fact and agents full power and authority to do so
and perform each and every act and thing requisite and necessary to be done in connection
with this Registration Statement, as fully to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that either of said
attorneys-in-fact and agents, or his substitute or substitutes, may lawfully do or cause
to be done by virtue hereof.
Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ A. Greig Woodring
President, Chief Executive Officer and
Director (Principal Executive Officer)
October 5, 2004
A. Greig Woodring
/s/ William J. Bartlett
Director
October 5, 2004
William J. Bartlett
/s/ J. Cliff Eason
Director
October 5, 2004
J. Cliff Eason
/s/ Stuart I. Greenbaum
Director
October 5, 2004
Stuart I. Greenbaum
5
Signature
Title
Date
/s/ Alan C. Henderson
Director
October 5, 2004
Alan C. Henderson
/s/ Leland C. Launer Jr.
Director
October 5, 2004
Leland C. Launer Jr.
/s/ Joseph A. Reali
Director
October 5, 2004
Joseph A. Reali
/s/ Lisa M. Weber
Director
October 5, 2004
Lisa M. Weber
/s/ Jack B. Lay
Executive Vice President and Chief
Financial
                                     Officer (Principal Financial and
Accounting Officer)
October 5, 2004
Jack B. Lay
6
INDEX TO EXHIBITS
Exhibit
Number
Exhibit
5.1
Opinion of James E. Sherman, Esq.
10.1
Phantom Stock Plan for Directors of Reinsurance  Group of America,  Incorporated,  as amended and
                    restated
23.1
Consent of Independent Registered Public Accounting Firm
23.2
Consent of James E. Sherman, Esq. (included in Exhibit 5.1)
24.1
Power of Attorney (included on signature page)