FIRST AMENDMENT TO PARTICIPATION AGREEMENT
Exhibit 99.2(a)
FIRST AMENDMENT TO
THIS AMENDMENT effective as of the 1st day of October, 2016.
WHEREAS, Protective Life Insurance Company (“Company”), Xxxxxxx & Xxxx, Inc. (“W&R”), distributor for Ivy Funds Variable Insurance Portfolios, and Ivy Funds Variable Insurance Portfolios (the “Ivy Funds VIP”) entered into said Participation Agreement dated July 2, 2012, (the “Agreement”); and
WHREAS, effective October 1, 2016, W&R was replaced by Ivy Distributors, Inc. (“IDI”), an affiliate of Xxxxxxx & Xxxx, Inc., as the principal underwriter of Ivy Funds VIP; and
WHEREAS, effective October 1, 2016, Ivy Funds VIP changed its name to Ivy Variable Insurance Portfolios;
NOW THEREFORE, in consideration of the mutual covenants hereinafter set forth, and intending to be legally bound, the parties do hereby agree to the following amendments to the Agreement:
1. Effective as of October 1, 2016, W&R is no longer a party to the Agreement and IDI replaces W&R as a party to the Agreement.
2. Effective as of October 1, 2016, all references to W&R in the Agreement are hereby changed to IDI.
3. Effective as of October 1, 2016, all references to Ivy Funds VIP in the Agreement are hereby changed to Ivy VIP.
4. All other terms and provisions of the Agreement not amended herein shall remain in full force and effect.
IN WITNESS WHEREOF, the undersigned have executed the Amendment as of the date first above written.
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XXXXXXX & XXXX, INC. |
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IVY DISTRIBUTORS, INC. |
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By: Xxxxxx X. Xxxxx |
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By: Xxxxxx X. Xxxxx |
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Title: Chief Executive Officer |
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Title: President |
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IVY VARIABLE INSURANCE |
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PORTFOLIOS |
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By: Xxxxxx X. Xxxxxxx |
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Title: President |
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PROTECTIVE LIFE |
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INSURANCE COMPANY |
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Title: |
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