EXHIBIT b(4b)
VALLEY FORGE LIFE INSURANCE COMPANY
QUALIFIED PLAN RIDER
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This Rider is part of the Contract. This Contract is issued to
or purchased by the trustee of a pension or profit-sharing plan intended to
qualify under section 401(a) of the Code. The following provisions apply and
replace any contrary Contract provisions:
(1) Except as allowed by the qualified pension or
profit-sharing plan of which this Contract is a part, the
Contract may not be transferred, sold, assigned, discounted or
pledged, either as collateral for a loan or as security for
the performance of an obligation or for any other purpose, to
any person other than the Company.
(2) This Contract shall be subject to the provisions, terms
and conditions of the qualified pension or profit-sharing plan
of which the Contract is a part. Any payment, distribution or
transfer under this Contract shall comply with the provisions,
terms and conditions of such plan as determined by the plan
administrator, trustee or other designated plan fiduciary. The
Company shall be under no obligation under or by reason of
issuance of this Contract either (a) to determine whether any
such payment, distribution or transfer complies with the
provisions, terms and conditions of such plan or with
applicable law, or (b) to administer such plan, including,
without limitation, any provisions required by the Retirement
Equity Act of 1984.
(3) Notwithstanding any provision to the contrary in this
Contract or the qualified pension or profit-sharing plan of
which this Contract is a part, the Company reserves the right
to amend or modify this Contract or Rider to the extent
necessary to comply with any law, regulation, ruling or other
requirement deemed by the Company to be necessary to establish
or maintain the qualified status of such pension or
profit-sharing plan.
Except as otherwise set forth above, this Rider is subject to
the exclusions, definition, and provisions of the Contract.
