AMENDMENT TO PARTICIPATION AGREEMENT
AMENDMENT TO PARTICIPATION AGREEMENT
THIS AMENDMENT TO PARTICIPATION AGREEMENT (this “Amendment”) is made as of the 21st day of September, 2022, 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 itself and on behalf of each segregated asset account set forth in Schedule A to the Participation Agreement between the parties (the “Separate Accounts”); XXXXXX VARIABLE TRUST (“Trust”), a Massachusetts business trust, and XXXXXX RETAIL MANAGEMENT LIMITED PARTNERSHIP (“Underwriter”, and together with the Trust, “Xxxxxx”), a Massachusetts limited partnership.
RECITALS
WHEREAS, the Company and Xxxxxx are parties to a certain Participation Agreement dated November 9, 2020 (the “Agreement”);
WHEREAS, the parties desire to amend the Agreement to update the separate accounts and policies listed in Schedule A; and,
WHEREAS, the parties now desire to 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 as attached hereto.
2.
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 and the same instrument.
3.
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.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
PROTECTIVE LIFE INSURANCE COMPANY, on behalf of itself and each Separate Account
By:__/s/ Xxxxx Xxxxxx
Name:__Xxxxx Xxxxxx
Title:_Chief Product Officer – Retirement Division_
XXXXXX VARIABLE TRUST
By:__/s/ Xxxxxxx Xxxxxxx
Name:_Xxxxxxx Xxxxxxx______________________
Title:__Treasurer of the Funds_________________
XXXXXX RETAIL MANAGEMENT LIMITED PARTNERSHIP
By:__/s/ Xxxx Xxxxxxx
Name:_Mark Coneeny________________________
Title:__Head of Relationship Management________
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SCHEDULE A
SEPARATE ACCOUNTS
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Separate Account
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Contracts Funded by Separate Account
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Protective COLI VUL Separate Account
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Protective Executive Benefits Registered VUL
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Protective COLI PPVUL Separate Account
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Protective Executive Benefits Private Placement VUL
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Protective BOLI PPVUL Separate Account
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Protective Executive Benefits Private Placement VUL
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Protective (PLICO) Variable Life Separate Account
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Protective Investors Benefit Advisory VUL
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Protective Variable Annuity Separate Account
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Protective Aspirations Variable Annuity,
Protective Investors Benefit Advisory Variable Annuity
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