Exhibit 26(h)(14)(v)
AMENDMENT NO. 4 TO PARTICIPATION AGREEMENT
by and among
Franklin Xxxxxxxxx Variable Insurance Products Trust
Franklin/Xxxxxxxxx Distributors, Inc.
Minnesota Life Insurance Company
Securian Financial Services, Inc.
Franklin Xxxxxxxxx Variable Insurance Products Trust (the "Trust"),
Franklin/Xxxxxxxxx Distributors, Inc. (the "Underwriter," and together with the
Trust, "we" or "us") and Minnesota Life Insurance Company ("you") and Securian
Financial Services, Inc., ("Distributor"), on your behalf and on behalf of
certain Accounts, have previously entered into a Participation Agreement dated
as of May 1, 2000 (the "Agreement"). The parties now desire to amend the
Agreement in this amendment (the "Amendment").
Except as modified hereby, all other terms and conditions of the Agreement
shall remain in full force and effect. 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 Schedule D of the Agreement is superceded and replaced in its entirety by
the Schedule D attached hereto; and
2. All other terms and provisions of the Agreement not amended herein shall
remain in full force and effect.
This Amendment is executed effective as of May 2, 2005.
IN WITNESS WHEREOF, each of the parties has caused its duly authorized officers
to execute this Amendment.
The Company: MINNESOTA LIFE INSURANCE COMPANY
By: /s/ Xxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxx
Title: Vice President
The Distributor: SECURIAN FINANCIAL SERVICES, INC.
By: /s/ Xxxxxx X. Xxxxxxxx
----------------------------------------
Name: Xxxxxx X. Xxxxxxxx
Title: President and Chief Executive Officer
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: Assistant Vice President
The Underwriter: FRANKLIN/XXXXXXXXX DISTRIBUTORS, INC.
By: /s/ Xxxxx X. Xxx
----------------------------------------
Name: Xxxxx X. Xxx, CFA
Title: Senior Vice President
SCHEDULE D
(AS AMENDED MAY 2, 2005)
CONTRACTS OF THE COMPANY
PRODUCT NAME SEPARATE ACCOUNT NAME
# REGISTERED Y/N REGISTERED Y/N
1933 ACT #, STATE FORM ID 1940 ACT # CLASSES OF SHARES AND PORTFOLIOS
--- ------------------------------- ------------------------ --------------------------------------------
01 MultiOption Flex/Single Annuity Variable Annuity Account Class 2 shares:
Yes Yes Franklin Small Cap Fund
2-97564 811-4294 Xxxxxxxxx Developing Markets Securities Fund
84-9091 Xxxxxxxxx Global Asset Allocation Fund
02 MultiOption Select Annuity Variable Annuity Account Class 2 shares:
Yes Yes Franklin Small Cap Fund
33-80733 811-4294 Xxxxxxxxx Developing Markets Securities Fund
MHC 92-9307 Xxxxxxxxx Global Asset Allocation Fund
03 MegAnnuity Variable Annuity Account Class 2 shares:
Yes Yes Franklin Small Cap Fund
33-12333 811-4294 Xxxxxxxxx Developing Markets Securities Fund
87-9254 Xxxxxxxxx Global Asset Allocation Fund
04 MultiOption Achiever Annuity Variable Annuity Account Class 2 shares:
Yes Yes Franklin Small Cap Fund
333-79049 811-4294 Franklin Large Cap Growth Securities Fund
99-70017 Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Global Asset Allocation Fund
05 MultiOption Classic Annuity Variable Annuity Account Class 2 shares:
Yes Yes Franklin Small Cap Fund
333-79069 811-4294 Franklin Large Cap Growth Securities Fund
99-70016 Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Global Asset Allocation Fund
06 MultiOption Advisor Annuity Variable Annuity Account Class 2 shares:
Yes Yes Franklin Small Cap Fund
333-91784 811-4294 Franklin Large Cap Growth Securities Fund
02-70067 Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
07 Variable Adjustable Life Minnesota Life Variable Class 2 shares:
Yes Account Franklin Small Cap Fund
33-3233 Yes Franklin Large Cap Growth Securities Fund
99-680 811-4585 Mutual Shares Securities Fund
Xxxxxxxxx Global Asset Allocation Fund
Xxxxxxxxx Developing Markets Securities Fund
08 Variable Adjustable Life
Second Death Minnesota Life Variable Class 2 shares:
Yes Account Franklin Small Cap Fund
33-64395 Yes Franklin Large Cap Growth Securities Fund
MHC 98-690 811-4585 Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Global Asset Allocation Fund
D-1
PRODUCT NAME SEPARATE ACCOUNT NAME
# REGISTERED Y/N REGISTERED Y/N
1933 ACT #, STATE FORM ID 1940 ACT # CLASSES OF SHARES AND PORTFOLIOS
--- ------------------------- ----------------------- --------------------------------------------
09 Variable Adjustable Life- Minnesota Life Variable Class 2 shares:
Horizon Account Franklin Small Cap Fund
Yes Yes Franklin Large Cap Growth Securities Fund
333-96383 811-4585 Mutual Shares Securities Fund
99-680 Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Global Asset Allocation Fund
10 Variable Adjustable Life Minnesota Life Variable Class 2 shares:
Summit Life Account Franklin Small Cap Fund
Yes Yes Franklin Large Cap Growth Securities Fund
333-109853 811-4585 Mutual Shares Securities Fund
03-640 Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Global Asset Allocation Fund
11 Variable Adjustable Life Minnesota Life Variable Class 2 shares:
Survivor Life Account Franklin Small Cap Fund
Yes Yes Franklin Large Cap Growth Securities Fund
333-120704 811-4585 Mutual Shares Securities Fund
04-690 Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Global Asset Allocation Fund
D-2
