EXHIBIT (8)(l)(5) AMENDMENT No. 14 TO PARTICIPATION AGREEMENT (JANUS)
EXHIBIT (8)(l)(5)
AMENDMENT No. 14 TO PARTICIPATION AGREEMENT (JANUS)
AMENDMENT NO. 14 TO
JANUS ASPEN SERIES
(Service Shares)
Amendment to the Fund Participation Agreement, dated April 6, 2000, between Janus Aspen Series, an open-end management investment company organized as a Delaware statutory trust (the “Trust”) and Transamerica Life Insurance Company, a life insurance company organized under the laws of the State of Iowa (the “Company), on its own behalf and on behalf of each segregated asset account of the Company set forth on Schedule A, as may be revised from time to time (the “Accounts”).
WHEREAS, the Trust and the Company are parties to the Fund Participation Agreement, as amended, described above (the “Agreement”); and
WHEREAS, the Trust and the Company desire to further amend the Agreement as provided herein.
NOW, THEREFORE, in consideration of the mutual promises set forth herein, the parties hereto agree as follows:
1. The existing first paragraph is deleted in its entirety and replaced by the following:
“THIS AGREEMENT is made this 6th day of April, 2000 between JANUS ASPEN SERIES, an open-end management investment company organized as a Delaware statutory trust (the “Trust”) and Transamerica Life Insurance Company, a life insurance company organized under the laws of the State of Iowa, (the “Company), on its own behalf and on behalf of each segregated asset account of the Company set forth on Schedule A, as may be revised from time to time, (the “Accounts”).”
2. The existing Section 1.8 is deleted in its entirety and replaced by the following:
“1.8 The Trust agrees that its shares will be sold only to Participating Insurance Companies and their separate accounts and to certain qualified pension and retirement plans to the extent permitted by the Exemptive Order. No shares of any Portfolio will be sold directly to the general public. The Company agrees that Trust shares will be used only for the purposes of funding the Contracts and Accounts listed in Schedule A, as revised from time to time, with notice to all parties pursuant to Section 8.10.”
3. Article VII Notices is revised as follows:
“If to the Trust:
Janus Aspen Series
000 Xxxxxxx Xxxxxx
Xxxxxx, XX 00000
Attn: Chief Legal Counsel
If to the Company:
Transamerica Life Insurance Company
0000 Xxxxxxxx Xxxx, XX
Xxxxx Xxxxxx, XX 00000-0000
Attention: IS&R General Counsel”
4. The existing Section 8.10 is deleted in its entirety and replaced by the following:
“8.10 No provision of this Agreement may be amended or modified in any manner except by a written agreement properly authorized and executed by both parties, except for Schedule A which may be revised by a party to this Agreement without the other party’s execution as long as the revised Schedule A is provided to the other party in advance of the change.”
5. Existing Schedule A to the Agreement is deleted and replaced by Schedule A attached hereto, which may be revised from time to time, with notice to all parties, pursuant to Section 8.10.
All other terms and provisions of the Agreement not amended herein shall remain in full force and effect. Unless otherwise specified, all defined terms shall have the same meaning given to them in the Agreement.
Effective Date: September 1, 2013
| JANUS ASPEN SERIES | TRANSAMERICA LIFE INSURANCE COMPANY | |||||||
| By: | /s/ Xxxxxxxxx Xxxxxxxxxx |
By: | /s/ Xxxxxx X. Xxxxx | |||||
| Name: Xxxxxxxxx Xxxxxxxxxx | Name: Xxxxxx X. Xxxxx | |||||||
| Title: Vice President Date: 2/10/14 |
Title: Vice President Date: 2/24/14 | |||||||
SCHEDULE A
Effective September 1, 2013
SEPARATE ACCOUNTS
Retirement Builder Variable Annuity Account
Separate Account VUL-1
Separate Account VUL-2
Separate Account VUL-4
Separate Account VUL-5
Separate Account VUL-6
Separate Account VA-8
POLICIES/CONTRACTS
The Atlas Portfolio Builder Variable Annuity
Transamerica Access Variable Annuity
Privilege Select Variable Annuity
Retirement Income Builder – BAI Variable Annuity
Transamerica Opportunity Builder Variable Annuity
Transamerica Traditions Variable Annuity
Transamerica PrincipiumSM Variable Annuity
Transamerica LandmarkSM Variable Annuity
Transamerica FreedomSM Variable Annuity
Transamerica ExtraSM Variable Annuity
Transamerica LibertySM Variable Annuity
Transamerica AxiomSM Variable Annuity
Transamerica Tribute® Variable Universal Life
Transamerica LineageSMVariable Universal Life
TransSurvivorSM Variable Universal Life
TransUltra® Variable Universal Life
TransAccumulator® I and II Variable Universal Life
Transmark Optimum Choice® Variable
PORTFOLIOS
Each series of Janus Aspen Series,
Service Shares
