AMENDMENT NO. 1 TO FUND PARTICIPATION AGREEMENT
AMENDMENT NO. 1 TO FUND PARTICIPATION AGREEMENT
THIS AMENDMENT NO. 1 TO FUND PARTICIPATION AGREEMENT (the “Amendment”) is made as of the day of November, 2020, by and among PROTECTIVE LIFE INSURANCE COMPANY, a life insurance company organized under the laws of the State of Tennessee (the “Company”), acting herein for and on behalf of the Company and on behalf of each separate account set forth on attached Schedule A, as the same may be amended from time to time (the “Separate Accounts”); AMERICAN CENTURY INVESTMENT SERVICES, INC., (the “Distributor”); and AMERICAN CENTURY SERVICES, LLC, (the “Transfer Agent” and collectively with Distributor, “American Century”).
RECITALS
WHEREAS, the Company and American Century are parties to a certain Fund Participation Agreement dated May 1, 2018 (the “Agreement”);
WHEREAS, the parties desire to amend the Agreement to update the separate accounts and funds listed in Schedule A; and
WHEREAS, the parties now desire to further modify the Agreement as provided herein.
NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and conditions set forth herein, and for other good and valuable consideration, the parties agree to amend the Agreement as follows:
1. Schedule A. Schedule A to the Agreement is hereby deleted in its entirety and replaced with Schedule A attached hereto.
2. Ratification and Confirmation of Agreement. In the event of a conflict between the terms of this Amendment and the Agreement, it is the intention of the parties that the terms of this Amendment shall control and the Agreement shall be interpreted on that basis. To the extent the provisions of the Agreement have not been amended by this Amendment, the parties hereby confirm and ratify the Agreement.
3. Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument.
4. Full Force and Effect. Except as expressly supplemented, amended or consented to hereby, all of the representations, warranties, terms, covenants and conditions of the Agreement shall remain unamended and shall continue to be in full force and effect.
[Remainder of Page Intentionally Left Blank]
IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 1 as of the date first above written.
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PROTECTIVE LIFE INSURANCE COMPANY | |
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On its behalf and each Separate Account named in | |
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Schedule A | |
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By: |
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Name: |
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Title: |
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AMERICAN CENTURY INVESTMENT SERVICES, INC. | |
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By: |
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Name: |
Xxxx Xxxxxx |
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Title: |
Vice President |
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AMERICAN CENTURY SERVICES, LLC | |
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By: |
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Name: |
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Title: |
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SCHEDULE A
SEPARATE ACCOUNTS & Funds available
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Separate Account |
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Funds |
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First Variable Annuity Fund A |
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VP Income & Growth |
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First Variable Annuity Fund E |
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VP Income & Growth |
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First Variable Separate Account VL |
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VP Income & Growth |
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Protective Acquired Variable Annuity Separate Account |
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VP Income & Growth |
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Protective COLI PPVUL |
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VP Value |
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Protective VUL COLI VUL |
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VP Value |
