Amendment No. 11 to Participation Agreement
ReliaStar Life Insurance Company (formerly Northwestern National Life Insurance
Company), Variable Insurance Products Fund and Fidelity Distributors
Corporation, hereby amend their Participation Agreement, dated March 16, 1988
and as subsequently amended, by replacing section 2.5 in its entirety with the
following:
2.5. (a) With respect to Initial Class shares, the Fund currently does
not intend to make any payments to finance distribution expenses
pursuant to Rule 12b- I under the 1940 Act or otherwise, although it
may make such payments in the future. The Fund has adopted a "no fee"
or "defensive" Rule 12b-1 Plan under which it makes no payments for
distribution expenses. To the extent that it decides to finance
distribution expenses pursuant to Rule 12b-1, the Fund undertakes to
have a board of trustees, a majority of whom are not interested persons
of the Fund, formulate and approve any plan under Rule 12b-1 to finance
distribution expenses.
(b) With respect to Service Class shares and Service Class 2 shares,
the Fund has adopted Rule 12b-1 Plans under which it makes payments to
finance distribution and service expenses. The Fund represents and
warrants that it has a board of trustees, a majority of whom are not
interested persons of the Fund, which has formulated and approved each
of its Rule 12b-1 Plans to finance distribution and service expenses of
the Fund and that any changes to the Fund's Rule 12b- I Plans will be
approved by a similarly constituted board of trustees.
IN WITNESS WHEREOF, each party has caused this Amendment to be executed in its
name and on its behalf by its duly authorized representative as of March 29,
2000.
RELIASTAR LIFE INSURANCE COMPANY VARIABLE INSURANCE PRODUCTS FUND II
By: /s/ XXXXXXX X. XXXXX By: /s/ XXXXXX X. XXXXX
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Name: Xxxxxxx X. Xxxxx Name: Xxxxxx X. Xxxxx
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Title: Senior Vice President and Title: Senior Vice President
General Counsel ---------------------------
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FIDELITY DISTRIBUTORS CORPORATION
By: /s/ XXXXX X. XXXXX
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Name: Xxxxx X. Xxxxx
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Title: Vice President
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Amendment No. 12
Amendment to the Participation Agreement among ReliaStar Life Insurance Company
(the "Company"), Variable insurance Products Fund (the "Fund") and Fidelity
Distributors Corporation (the "Underwriter") dated March 16, 1988 (the
"Agreement).
WHEREAS each of the parties desire to expand the ability of the Company to
develop and market Variable Life Insurance Policies and Variable Annuity
Contracts which have separate accounts using the Fund as the investment vehicle
for said separate accounts. The Company, Underwriter and Fund hereby agree to
amend Schedule B of the Agreement by inserting the following additional items
therein:
8. Survivorship Flexible Premium Variable Life Insurance Policy
Form No. 85-911 and the state exceptions (Accumulation SVUL)
9. Flexible Premium Variable Life Insurance Policy Form No.
84-662 and the state exceptions (Select*Life II)
and, upon making such insertion, replaces the existing Schedule B in its
entirety with the attached new Schedule B. dated ___________________, 2000.
IN WITNESS WHEREOF, each of the parties has caused this Amendment to be executed
in its name and on its behalf by its duly authorized representative as of
___________________, 2000.
ReliaStar Life Insurance Company
By:______________________________
Name:____________________________
Title:___________________________
By:______________________________
Name:____________________________
Title:___________________________
Variable Insurance Products Fund
By:______________________________
Name:____________________________
Title:___________________________
Fidelity Distributors Corporation
By:______________________________
Name:____________________________
Title:___________________________
SCHEDULE B
CONTRACTS
1. Flexible Premium Individual Deferred Retirement Annuity Contract Form
numbers 81-870 and 81-873 (Select*Annuity II).
2. Flexible Premium Variable Life Insurance Policy Contract Form Numbers
83-300, 83-301, 83-302, 83-304, 83-305, 83-306, 83-307 or 83-309
(Select*Life I).
3. Flexible Premium Variable Life Insurance Policy Contract Form No.
84-795 and the state exceptions (Select*Life III).
4. Flexible Premium Individual Deferred Retirement Annuity Contract Form
No. 84-420 and the state exceptions (Select*Annuity III).
5. Flexible Premium Individual Deferred Retirement Annuity Contract Form
No. 84-420 and the state exceptions (Northstar Variable Annuity).
6. Survivorship Flexible Premium Variable Life Insurance Policy Form No.
85-230 and the state exceptions (Variable Estate Design).
7. Flexible Premium Variable Life Insurance Policy Contract Form No.
85-484 and the state exceptions (FlexDesign).
8. Survivorship Flexible Premium Variable Life Insurance Policy Form No.
85-911 and the state exceptions (Accumulation SVUL).
9. Flexible Premium Variable Life Insurance Policy Form No. 84-662 and the
state exceptions (Select*Life II).
