AMENDMENT #1 to the PARTICIPATION AGREEMENT DATED MAY 1, 2014 AMONG SECURIAN FUNDS TRUST, ADVANTUS CAPITAL MANAGEMENT, INC. AND MINNESOTA LIFE INSURANCE COMPANY

Exhibit 28(h)(2)(A)

AMENDMENT #1

to the

PARTICIPATION AGREEMENT DATED MAY 1, 2014

AMONG

SECURIAN FUNDS TRUST,

ADVANTUS CAPITAL MANAGEMENT, INC.

AND

MINNESOTA LIFE INSURANCE COMPANY

WHEREAS, Securian Funds Trust, Advantus Capital Management, Inc. and Minnesota Life Insurance Company are parties to the Participation Agreement dated May 1, 2014 (the “Agreement”); and

WHEREAS, Schedule A to the Agreement lists the Separate Accounts of Minnesota Life Insurance Company covered by the Agreement; and

WHEREAS, Schedule B lists the Funds of the Trust and the shares classes available under the Agreement; and

WHEREAS, the parties desire to amend Schedules A and B to the Agreement as described herein.

THE PARTIES HEREBY AGREE, that Schedules A and B to the Agreement are hereby replaced by the amended Schedules A and B, respectively, attached hereto, effective July 1, 2015.

Agreed this 1st day of July, 2015

IN WITNESS WHEREOF, the parties have caused their duly authorized officers to execute this Amendment as of the date and year first above written.

Minnesota Life Insurance Company By its authorized officer						Securian Funds Trust By its authorized officer
By:		/s/ Xxxxxxxxxxx X. Xxxxxx				By:		/s/ Xxxxx X. Xxxxxx
Name:		Xxxxxxxxxxx X. Xxxxxx				Name:		Xxxxx X. Xxxxxx
Title:		President and Chief Executive Officer				Title:		President

Advantus Capital Management, Inc. By its authorized officer
By:		/s/ Xxxxxxxxxxx X. Xxxxxx
Name:		Xxxxxxxxxxx X. Xxxxxx
Title:		President

SCHEDULE A

as amended effective July 1, 2015

Separate Accounts of Minnesota Life Insurance Company

Registered Variable Annuity Separate Accounts

• Variable Annuity Account

• Variable Fund D

Registered Variable Life Separate Accounts

• Minnesota Life Variable Life Account (VAL Products)

• Minnesota Life Variable Universal Account (VGUL Products)

• Minnesota Life Individual Variable Universal Life Account (VUL Products)

Unregistered Group Variable Life Separate Accounts

• Minnesota Mutual Group Variable Universal Life Account (Xxxxxxxx VEBA Private Placement)

• Variable Universal Life Account II (Norwest VEBA Private Placement)

Unregistered Group Variable Annuity Separate Accounts

• Separate Account 04C (Pension – SFT Advantus Managed Volatility)

A-1

SCHEDULE B

as amended effective July 1, 2015

Funds of the Trust and Classes Available

Fund		Class		Investment Adviser		Investment Sub-Adviser
SFT Advantus Bond Fund		1 and 2		Advantus Capital Management, Inc.
SFT Advantus Money Market Fund				Advantus Capital Management, Inc.
SFT Advantus Mortgage Securities Fund		1 and 2		Advantus Capital Management, Inc.
SFT Advantus Index 500 Fund		1 and 2		Advantus Capital Management, Inc.
SFT Advantus International Bond Fund		1 and 2		Advantus Capital Management, Inc.		Franklin Advisers, Inc.
SFT Advantus Index 400 Mid-Cap Fund		1 and 2		Advantus Capital Management, Inc.
SFT Advantus Real Estate Securities Fund		1 and 2		Advantus Capital Management, Inc.
SFT Advantus Managed Volatility Fund				Advantus Capital Management, Inc.
SFT Ivy Growth Fund				Advantus Capital Management, Inc.		Xxxxxxx & Xxxx Investment Management Company
SFT Ivy Small Cap Growth Fund				Advantus Capital Management, Inc.		Xxxxxxx & Xxxx Investment Management Company
SFT Pyramis Core Equity Fund		1 and 2		Advantus Capital Management, Inc.		Pyramis Global Advisors, LLC
SFT X. Xxxx Price Value Fund				Advantus Capital Management, Inc.		X. Xxxx Price Associates, Inc.
SFT Advantus Managed Volatility Equity Fund				Advantus Capital Management, Inc.

B-1