AMENDMENT TO FUND
PARTICIPATION AGREEMENT
AMONG
RYDEX VARIABLE TRUST,
RYDEX DISTRIBUTORS, INC,
and
JEFFERSON NATIONAL LIFE INSURANCE COMPANY
For good and valuable consideration, the receipt of which is hereby
acknowledged, the parties agree to amend the November 2, 1998 Fund
Participation Agreement among Rydex Variable Trust (the "Trust"),
Rydex Distributors, Inc., and Jefferson National Life Insurance
Company (formerly Conseco Variable Insurance Company) (the "Insurance
Company") as follows:
1. All references to "Conseco Variable Insurance Company" are hereby
changed to "Jefferson National Life Insurance Company", effective May
1, 2003. This change reflects the change in the Company's name from
Conseco Variable Insurance Company to Jefferson National Life
Insurance Company.
2. Schedule A thereto is hereby modified by adding five new
segregated asset accounts of the Jefferson National Life Insurance
Company to that schedule, which shall read as follows:
SCHEDULE A
SEGREGATED ASSET ACCOUNTS
ACCOUNT(S) FORM #
- Jefferson National Life Annuity Account C 22-4025 (Individual)
32-4000 (Group)
- Jefferson National Life Annuity Account E 22-4047/32-4003 (Achievement)
22-4048/32-4002 (Educator)
- Jefferson National Life Annuity Account F 22-4061
- Jefferson National Life Annuity Account G 22-4056
- Jefferson National Life Annuity Account H CVIC-2000 or -2001(state specific)
- Jefferson National Life Annuity Account I CVIC-2004 or -2005(state specific)
- Jefferson National Life Annuity Account J JNL-2100
- Jefferson National Life Annuity Account K JNL-2200
- Jefferson National Life Account L CVIC-1001 and -1003
- Jefferson National Life Annuity Account M JNL-22-4061
- Jefferson National Life Annuity Account N JNL-2000
- Jefferson National Life Annuity Account O JNL-2004
3. If the Trust provides the Insurance Company with materially
incorrect share net asset value information, the Separate Account(s)
shall be entitled to an adjustment to the number of shares purchased
or redeemed to reflect the correct share net asset value. Any material
error in the calculation of the net asset value per share, dividend or
capital gain information shall be reported promptly upon discovery to
the Insurance Company. Furthermore, the Trust shall be liable for the
reasonable administrative costs incurred by the Insurance Company in
relation to the correction of any material error, provided such error
is attributable to the Trust. Administrative costs shall include
reasonable allocation of staff time, costs of outside service
providers, printing and postage. Non-material errors will be corrected
in the next Business Day's net asset value per share.
4. All other terms of the Agreement shall remain in full force and
effect.
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IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to
be executed in its name and on its behalf by its duly authorized representative
as of this date, April 13, 2004.
RYDEX VARIABLE TRUST
By: /s/ Signature Illegible
-----------------------
Name:
Title:
RYDEX GLOBAL ADVISORS
By: /s/ Signature Illegible
-----------------------
Name:
Title:
JEFFERSON NATIONAL LIFE INSURANCE
COMPANY
By: /s/ Xxxxx X. Xxxxxx
-------------------
Name: Xxxxx X. Xxxxxx
Title: General Counsel and Secretary
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