EXHIBIT (8)(g)(7) AMENDMENT No. 8 TO PARTICIPATION AGREEMENT (FRANKLIN- TEMPLETON)
EXHIBIT (8)(g)(7)
AMENDMENT No. 8 TO PARTICIPATION AGREEMENT
(XXXXXXXX-XXXXXXXXX)
Amendment No. 8 to Participation Agreement
Franklin Xxxxxxxxx Variable Insurance Products Trust
Franklin/Xxxxxxxxx Distributors, Inc.
Transamerica Financial Life Insurance Company
Transamerica Capital, Inc.
Franklin Xxxxxxxxx Variable Insurance Products Trust (the “Trust”), Franklin/Xxxxxxxxx Distributors, Inc. (the “Underwriter,” and together with the Trust, “we” or “us”), Transamerica Financial Life Insurance Company (the “Company” or “you”), and Transamerica Capital, Inc., your distributor, on your behalf and on behalf of certain Accounts, have previously entered into a Participation Agreement dated May 1, 2004, and subsequently amended May 3, 2004, April 29, 2005, May 1, 2007, July 30, 2007, January 10, 2008, May 1, 2009 and October 1, 2010 (the “Agreement”). The parties now desire to amend the Agreement by this amendment (the “Amendment”). Unless otherwise indicated, the terms defined in the Agreement shall have the same meaning in this Amendment.
A M E N D M E N T
For good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree to amend the Agreement as follows:
| 1. | Schedule B is deleted and replaced in its entirely with the Schedule B attached hereto. |
| 2. | All other terms and provisions of the Agreement not amended herein shall remain in full force and effect. |
IN WITNESS WHEREOF, each of the parties has caused its duly authorized officers to execute this Amendment effective as of May 1, 2011.
| The Trust: | FRANKLIN XXXXXXXXX VARIABLE INSURANCE PRODUCTS TRUST | |||||
| Only on behalf of each Portfolio listed on Schedule C of the Agreement. |
By: |
/s/Xxxxx X. Xxxxxxxx | ||||
| Name: | Xxxxx X. Xxxxxxxx | |||||
| Title: | Vice President | |||||
| The Underwriter: | FRANKLIN/XXXXXXXXX DISTRIBUTORS, INC. | |||||
| By: | /s/Xxxxxx X. Xxxxxx | |||||
| Name: | Xxxxxx X. Xxxxxx | |||||
| Title: | Executive Vice President | |||||
| The Company: | TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY | |||||
| By: | /s/Xxxxxx X. Xxxxx | |||||
| Name: | Xxxxxx X. Xxxxx | |||||
| Title: | Vice President | |||||
| The Distributor: | TRANSAMERICA CAPITAL, INC. | |||||
| By: | /s/Xxxxxx X. Xxxxx | |||||
| Name: | Xxxxxx X. Xxxxx | |||||
| Title: | Assistant Vice President | |||||
1
Schedule B
Accounts of the Company
| Name of Account |
SEC Registration Yes/No | |
| Separate Account VA BNY |
Yes | |
| Separate Account VA WNY |
Yes | |
| Yes | ||
| TFLIC Series Life Account |
Yes | |
| Separate Account VA PP |
Yes |
2
