Amendment No. 2 to Fund Participation Agreement
This Amendment is made as of October 23rd 2002 by and between SAFECO
Life Insurance Company ("SAFECO"), Federated Securities Corp. ("Federated") and
Federated Insurance Series (the "Fund").
BACKGROUND
A. SAFECO, Federated and the Fund are parties to a Fund
Participation Agreement dated 19th December 1995 (the
"Agreement") and an Amendment dated December 2001 ("Amendment No.
1").
B. It has come to the parties attention that an error was made in
the Exhibit B to the Amendment dated December 2001.
C. Notwithstanding any contrary provision contained in the
Agreement, this amendment amends, supersedes and modifies the
Agreement and Amendment No. 1. The parties agree to amend the
Agreement as follows:
AMENDMENT
1. Exhibit B to the Agreement is amended to read as follows:
Federated Utility Fund II
Federated High Income Bond Fund II
Federated International Equity Fund II
Furthermore, the parties acknowledge and agree that the above
Exhibit B is the true and accurate list of Portfolios that
have been offered under the Agreement since its original
effective date of December 19, 1995.
FEDERATED SECURITIES SAFECO LIFE INSURANCE FEDERATED INSURANCE SERIES
CORP. COMPANY
By: /s/ Xxxx X. Xxxxxx By: /s/ Xxxxx X. Xxxxxxxxxxxx By: /s/ J. Xxxxxxxxxxx Xxxxxxx
-------------------- -------------------------- ---------------------------
Name: Xxxx X. Xxxxxx Name: Xxxxx X. Xxxxxxxxxxxx Name: J. Xxxxxxxxxxx Xxxxxxx
Title: President Institutional Sales Title: Vice President Title: President
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