EX 99-B.8.24
FIFTH AMENDMENT TO PARTICIPATION AGREEMENT
Pursuant To the Participation agreement made and entered into in April, 1996,
and as amended on September 3, 1996, March 14, 1997, November 28, 1997 and May
1, 1998 by and among MFS Variable Insurance Trust, Aetna Life Insurance and
Annuity Company and Massachusetts Financial Services Company, the parties do
hereby agree to amend Article V, Section 5.4 to read as follows:
5.4 MFS will quarterly reimburse the Company for certain of the
administrative costs and expenses incurred by the Company as a result of
operations necessitated by the beneficial ownership by Policy owners of
shares of the Portfolios in the Trust, equal to 0.25% per annum of the
aggregate net assets of the Trust attributable to such Policy owners. In
no event shall such fee be paid by the Trust, its shareholders or by the
Policy holders.
IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to the
Participation Agreement to be executed in its name and on its behalf by its duly
authorized representative. The Amendment shall take effect on July 1, 1999.
AETNA LIFE INSURANCE AND ANNUITY COMPANY
By its authorized officer,
By: /s/ Xxxxxx X. XxXxxxx
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Xxxxxx X. XxXxxxx
Title: Vice President
MFS VARIABLE INSURANCE TRUST,
On behalf of the Portfolios
By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Chairman
MASSACHUSETTS FINANCIAL SERVICES
COMPANY
By its authorized officer,
By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Chairman and Chief Executive Officer
