Re: Participation Agreement among Variable Insurance Products Fund, Variable Insurance Products Fund II, Variable Insurance Products Fund III, Fidelity Distributors Corporation (the “Underwriter”) and Insurance Company (the “Company”), dated April 1,...

EXHIBIT (h)(24)

May 16, 2007

Farmers New World Life Insurance Company
Xx. Xxxxx X’Xxxxxxx
0000 00xx Xxxxxx XX
Xxxxxx Xxxxxx, Xxxxxxxxxx 00000

Re: Participation Agreement among Variable Insurance Products Fund, Variable Insurance Products Fund II, Variable Insurance Products Fund III, Fidelity Distributors Corporation (the “Underwriter”) and Insurance Company (the “Company”), dated April 1, 2001, as amended (the “Participation Agreement”)

Dear Xx. X’Xxxxxxx:

The Company, the Underwriter and the above referenced Variable Insurance Products Funds (the “Current Funds”) are parties to the above-referenced Participation Agreement. As explained in the notice sent to you on May 3, 2007, Fidelity is in the process of reorganizing some of the portfolios of the Current Funds (the “Affected Portfolios”) for administrative purposes. In connection with this reorganization, the Affected Portfolios will be moved into corresponding “shell” portfolios of a new Variable Insurance Products Fund V (“Fund V”). A list of all of the Affected Portfolios covered by the reorganization and the corresponding Fund V portfolios is set forth on the attached Exhibit.

In connection with this change, we are asking for your consent to (1) the amendment of the Participation Agreement to add Fund V as a “Fund” party under the terms of the Participation Agreement (the “Amendment”) and (2) the assignment of all of the Current Funds’ rights, benefits and obligations under the Participation Agreement with respect to the Affected Portfolios to Fund V, with respect to the corresponding portfolios of Fund V, and the release of the Current Funds from the obligations so assigned (the “Assignment”). The Participation Agreement will remain in full force and effect in accordance with its terms, as so amended and assigned herein.

Your signature below will indicate the Company’s consent to the Amendment and Assignment of the Participation Agreement as set forth above, to become effective immediately upon consummation of the reorganization.

Thank you for your prompt attention to this matter. If for some reason we cannot obtain your signature prior to the reorganization, and the Company submits orders or instructions under the

		Fidelity Investments Institutional		000 Xxxxx Xxxxxx
		Services Company, Inc.		Smithfield. R 02917

Participation Agreement thereafter, we will deem the Company to have consented to these matters. Please do not hesitate to contact your Fidelity Relationship Manager or Key Account Manager if you have any questions.

Very truly yours,

		FIDELITY DISTRIBUTORS CORPORATION
		By:		/s/ Xxxxxxx Xxxxxxxx
				Name: Xxxxxxx Xxxxxxxx
				Title: Executive Vice President
		VARIABLE INSURANCE PRODUCTS FUND, VARIABLE INSURANCE PRODUCTS FUND II VARIABLE INSURANCE PRODUCTS FUND III, VARIABLE INSURANCE PRODUCTS FUND IV, and VARIABLE INSURANCE PRODUCTS FUND V
		By:		/s/ Xxxxxxxxx Xxxxxxxxxx
				Name: Xxxxxxxxx Xxxxxxxxxx
				Title: Treasurer

The Undersigned Consents to the Amendment and Assignment of the Participation Agreement as of this 29 day of May 2007:

FARMERS NEW WORLD LIFE INSURANCE COMPANY

By:		/s/ Xxxxxx Xxxxxxxxx
		Name: Xxxxxx Xxxxxxxxx
		Title: Director

Please keep one copy and return the other to:

Xxxxxx Xxxxxx
Director, Contracts Management
Fidelity Investments
000 Xxxxx Xxxxxx, X0X
Xxxxxxxxxx XX 00000

EXHIBIT A

AFFECTED PORTFOLIOS		FUND V PORTFOLIOS
Variable Insurance Products Fund		Variable Insurance Products Fund V
Money Market Portfolio		Money Market Portfolio
Variable Insurance Products Fund II
Asset Manager Portfolio		Asset Manager Portfolio
Asset Manager: Growth Portfolio		Asset Manager: Growth Portfolio
Investment Grade Bond Portfolio		Investment Grade Bond Portfolio
Variable Insurance Products Fund IV
Freedom Income Portfolio		Freedom Income Portfolio
Freedom 2005 Portfolio		Freedom 2005 Portfolio
Freedom 2010 Portfolio		Freedom 2010 Portfolio
Freedom 2015 Portfolio		Freedom 2015 Portfolio
Freedom 2020 Portfolio		Freedom 2020 Portfolio
Freedom 2025 Portfolio		Freedom 2025 Portfolio
Freedom 2030 Portfolio		Freedom 2030 Portfolio
Funds Manager 20% Portfolio		FundsManager 20% Portfolio
FundsManager 50% Portfolio		FundsManager 50% Portfolio
FundsManager 70% Portfolio		FundsManager 70% Portfolio
FundsManager 85% Portfolio		FundsManager 85% Portfolio
Strategic Income Portfolio		Strategic Income Portfolio