Amendment to Fund Participation Agreement
Amendment to Fund Participation Agreement
This Amendment (the “Amendment”), by and among Lincoln Variable Insurance Products Trust, a Delaware statutory trust (“Trust”), on its behalf and on behalf of its investment series set forth in Exhibit A (each, a “Fund”), Lincoln Investment Advisors Corporation, a Tennessee corporation (“Adviser”), Lincoln Financial Distributors, Inc., a Connecticut corporation (“Distributor” and collectively, with the Trust and the Adviser, the “Company”) and New York Life Insurance and Annuity Corporation (the “Life Company”),is effective as of April 29, 2024 (the “Effective Date”).
WHEREAS, the parties hereto entered into the Fund Participation Agreement (“FPA”), executed and effective as of June 05, 2027, as amended;
WHEREAS, effective March 13, 2023, Lincoln Investment Advisors Corporation underwent a name change to “Lincoln Financial Investments Corporation;” and
WHEREAS, the parties desire to amend the Agreement to permit the separate accounts to invest in additional funds;
NOW, THEREFORE, in consideration of the promises and mutual covenants hereinafter contained, the parties, intending to be legally bound, agree as follows:
1. | Exhibit A be deleted in its entirety and replaced with Exhibit A attached hereto. |
2. | All references in the Agreement to “Lincoln Investment Advisors Corporation” are hereby changed to “Lincoln Financial Investments Corporation.” |
3. | Unless otherwise defined in this Amendment, all terms used herein shall have the meanings they were ascribed in the Agreement. |
4. | All other terms and conditions of the Agreement remain in effect and are hereby incorporated herein by reference. |
5. | This Amendment may be executed in counterparts, each of which shall be deemed to be an original. |
[Signature Page to Follow]
IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be executed by its duly authorized representative as of the Effective Date.
Lincoln Variable Insurance | Lincoln Financial Investments | |||||||
Products Trust | Corporation | |||||||
By: | /s/ Xxxxxxxx Xxxxxx |
By: | /s/ Xxxxxxxx Xxxxxx | |||||
Name: | Xxxxxxxx Xxxxxx | Name: | Xxxxxxxx Xxxxxx | |||||
Title: | SVP, Head of Funds Management | Title: | SVP, Head of Funds Management | |||||
Date: | 4/17/2024 | Date: | 4/17/2024 | |||||
Lincoln Financial Distributors, Inc. | New York Life Insurance and | |||||||
Annuity Corporation | ||||||||
By: | /s/ Xxxxxx X’Xxxxx |
By: | /s/ Xxxxx Xxxxx | |||||
Name: | Xxxxxx X’Xxxxx | Name | Xxxxx Xxxxx | |||||
Title: | SVP | Title: | Vice President | |||||
Date: | 4/17/2024 | Date: | 04/17/2024 |
Exhibit A
Funds
Dated as of April 29, 2024
The currently available Funds of the Trust are:
LVIP American Century Inflation Protection Fund—Standard Class II
LVIP American Century Inflation Protection Fund—Service Class—
LVIP American Century Mid Cap Value Fund—Standard Class II
LVIP American Century Mid Cap Value Fund—Service Class
LVIP American Century Value Fund—Standard Class II
LVIP American Century Value Fund—Service Class
LVIP American Century International – Service Class
LVIP Baron Growth Opportunities Fund—Service Class
LVIP Baron Growth Opportunities Fund—Standard Class
LVIP Macquarie Diversified Income Fund – Standard Class
LVIP Macquarie Limited-Term Diversified Income Fund—Standard Class
LVIP Macquarie Value Fund—Standard Class
LVIP Mondrian International Value Fund—Standard Class
LVIP SSgA Bond Index Fund—Standard Class
LVIP SSgA Mid-Cap Index Fund—Standard Class
LVIP Franklin Xxxxxxxxx Multi-Factor International Equity Fund—Standard Class
LVIP Franklin Multi-Factor Emerging Markets Equity Fund—Standard Class
LVIP SSgA Emerging Markets Equity Index Fund—Standard Class
LVIP SSgA International Index Fund—Standard Class