Exhibit 1-A(8)(c)(1)
AMENDMENT NO. 1
The Modified Coinsurance Agreement between American Franklin Life Insurance
Company of Springfield, Illinois and Integrity Life Insurance Company of
Phoenix, Arizona, effective April 1, 1989, is amended by replacing the first
paragraph of section D.1. with the following paragraph:
The REINSURER shall pay the REINSURED each day a distribution allowance
equal to 5% of the reinsurance premiums plus 80% of such premiums which
are for the first policy year and which are not greater than the
amounts defined as commissionable "target" premiums by the REINSURED
with regard to the portions of the policies reinsured hereunder.
AMERICAN FRANKLIN LIFE INSURANCE COMPANY
By: ____________________________ By: ____________________________
Title: Sr. V.P., General Counsel & Title: Sr. V. P. & Actuary
Secretary
Date: 7/29/89 Date: 7/27/89
INTEGRITY LIFE INSURANCE COMPANY
By: ____________________________ By: ____________________________
Title: Vice President & Actuary Title: Vice President
Date: 7/25/89 Date: 7/25/89
