Amendment to Participation Agreement
Franklin Xxxxxxxxx Variable Insurance Products Trust
Franklin Xxxxxxxxx Distributors, Inc.
SAFECO Life Insurance Company
The participation agreement, dated as of May 1, 2000, by and among Franklin
Xxxxxxxxx Variable Insurance Products Trust, Franklin Xxxxxxxxx Distributors,
Inc. and SAFECO Life Insurance Company (the "Agreement") is hereby amended as
follows:
Section 4.4 of the Agreement is deleted in its entirety and replaced
with the following provision:
4.4 At your option, we shall provide you, at our expense, with
either: (i) for each Contract owner who is invested through the Account
in a subaccount corresponding to a Portfolio ("designated subaccount"),
one copy of each of the following documents on each occasion that such
document is required by law or regulation to be delivered to such
Contract owner who is invested in a designated subaccount: the Trust's
current prospectus, annual report, semi-annual report and other
shareholder communications, including any amendments or supplements to
any of the foregoing, pertaining specifically to the Portfolios
("Designated Portfolio Documents"); or (ii) a camera ready copy of such
Designated Portfolio Documents in a form suitable for printing and from
which information relating to series of the Trust other than the
Portfolios has been deleted to the extent practicable. In connection
with clause (ii) of this paragraph, we will pay for proportional
printing costs for such Designated Portfolio Documents in order to
provide one copy for each Contract owner who is invested in a
designated subaccount on each occasion that such document is required
by law or regulation to be delivered to such Contract owner, and
provided the appropriate documentation is provided and approved by us.
We shall provide you with a copy of the Trust's current statement of
additional information, including any amendments or supplements, in a
form suitable for you to duplicate. The expenses of furnishing,
including mailing, to Contract owners the documents referred to in this
paragraph shall be borne by you. For each of the documents provided to
you in accordance with clause (i) of this paragraph 4.4, we shall
provide you, upon your request and at your expense, additional copies.
In no event shall we be responsible for the costs of printing or
delivery of Designated Portfolio Documents to potential or new Contract
owners or the delivery of Designated Portfolio Documents to existing
contract owners.
All other terms and provisions of the Agreement not amended herein shall remain
in full force and effect.
Effective Date as of May 1, 2000.
Franklin Xxxxxxxxx Variable Insurance Products Trust Franklin Xxxxxxxxx Distributors, Inc.
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By: __/s/ Xxxxx X. Skidmore____________ By: _/s/ Phil Kearns________
----------------------------------- ---------------
Name: Xxxxx X. Xxxxxxxx Name: Xxxx Xxxxxx
Title: Assistant Vice President Title: Vice President
SAFECO Life Insurance Company
By: __/s/ Xxxxx Bartholomaus_______________
----------------------
Name: Xxxxx Xxxxxxxxxxxx
Title: Vice President
