AMENDMENT NO. 20 TO
PARTICIPATION AGREEMENT AMONG
AEGON/TRANSAMERICA SERIES FUND, INC.,
TRANSAMERICA LIFE INSURANCE COMPANY,
AUSA LIFE INSURANCE COMPANY, INC.,
PEOPLES BENEFIT LIFE INSURANCE COMPANY,
TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY AND
TRANSAMERICA LIFE INSURANCE AND ANNUITY COMPANY
Amendment No. 20 to the Participation Agreement among AEGON/Transamerica
Series Fund, Inc., (the "Fund"), Transamerica Life Insurance Company
("Transamerica"), AUSA Life Insurance Company, Inc. ("AUSA Life"), Peoples
Benefit Life Insurance Company ("Peoples"), Transamerica Occidental Life
Insurance Company ("TOLIC") and Transamerica Life Insurance and Annuity Company
("TALIAC") dated July 1, 1992, as amended ("Participation Agreement").
WHEREAS, Transamerica, has registered or will register certain variable
annuity contracts (the "Contracts") and certain variable life insurance policies
(the "Policy") under the Securities Act of 1933; and
WHEREAS, Transamerica Life Insurance Company of New York ("XXXX"), an
affiliate of Transamerica, AUSA Life, Peoples, TOLIC and TALIAC has registered
or will register certain variable annuity contracts and/or variable life
insurance policies (both the contracts and policies, collectively, "Policies")
under the Securities Act of 1933; and
WHEREAS, Transamerica has, by resolution of its Board of Directors,
duly organized and established the Separate Account VA K, Separate Account VA H,
Separate Account VA G, Separate Account VA-2L and Separate Account VL A and XXXX
has, by resolution of its Board of Directors, duly organized and established the
Separate Account VA-2LNY (the "Accounts") as segregated asset accounts to
receive, set aside and invest assets attributable to net premiums and payments
received under the Contracts and Policy and such variable annuity contracts and
variable life insurance policy will be partly funded by the Fund; and
WHEREAS, Transamerica and XXXX has registered or will register the
Accounts as unit investment trusts under the Investment Company Act of 1940, as
amended; and
WHEREAS, to the extent permitted by applicable insurance law and
regulation, Transamerica and XXXX intend to purchase shares in one or more of
the portfolios of the Fund to fund their respective Contracts and Policy on
behalf of the Accounts, as specified in Schedule A attached to this Amendment,
as such Schedule A is amended by this Amendment No. 20, and as Schedule A may be
amended from time to time; and
WHEREAS, each of the current parties is desirous of adding Transamerica
New York as a party, subject to the same terms and conditions, to the Agreement.
NOW, THEREFORE, IT IS HEREBY AGREED that Transamerica, through its
separate accounts, Separate Account VA K, Separate Account VA H, Separate
Account VA G, Separate Account VA-2L and Separate Account VL A and XXXX, through
its separate account, Separate Account VA-2LNY, will purchase and redeem shares
issued by the Fund, subject to the terms and conditions of the Participation
Agreement. It is also agreed that Schedule A to the Participation Agreement is
hereby amended to add the Separate Account VA K, Separate Account VA H, Separate
Account VA G, Separate Account VA-2L, Separate Account VL A and Separate Account
VA-2LNY, as additional "Accounts;" to add the Retirement Income Builder Variable
Annuity, Retirement Income Builder III Variable Annuity, Dreyfus Advisor
Advantage Variable Annuity, Dreyfus Access Advantage Variable Annuity,
Dreyfus/Transamerica Triple Advantage(R) Variable Annuity contracts and the
Transamerica Variable Life policy issued by Transamerica and the
Dreyfus/Transamerica Triple Advantage(R) Variable Annuity (NY) contract issued
by XXXX, to the list of "Policies;" and to delete reference to the Transamerica
Landmark ML Variable Annuity contract from the list of "Policies;" and to add
the Xxx Xxxxxx Money Market Portfolio, the Xxx Xxxxxx Asset Allocation
Portfolio, the Xxx Xxxxxx Active International Allocation Portfolio, the
Transamerica U.S. Government Securities Portfolio, the Transamerica Growth
Opportunities Portfolio, the Transamerica Equity Portfolio, Transamerica
Convertible Securities Portfolio, the X. Xxxx Price Growth Stock Portfolio, the
X. Xxxx Price Equity Income Portfolio, the Protected Principal Stock Portfolio,
the PIMCO Total Return Portfolio, the Moderately Aggressive Asset Allocation
Portfolio, the Moderate Asset Allocation Portfolio, the MFS High Yield
Portfolio, the Xxxxxxxx Growth Portfolio, the Janus Growth II Portfolio, the
Janus Balanced Portfolio the X.X. Xxxxxx Enhanced Index Portfolio, the Dreyfus
Small Cap Value Portfolio, the Conservative Asset Allocation Portfolio, the
Capital Guardian Value Portfolio, the Capital Guardian U.S. Equity Portfolio,
the Capital Guardian Global Portfolio, and the Aggressive Asset Allocation
Portfolio to the list of "Portfolios", to delete reference to the C.A.S.E.
Growth Portfolio and to delete reference to the AEGON Balanced Portfolio, to
change the name of the X.X. Xxxxxx Real Estate Securities Portfolio to Clarion
Real Estate Securities Portfolio, to change the name of the NWQ Value Equity
Portfolio to PBHG/NWQ Value Select Portfolio, to change Pilgrim Xxxxxx Mid Cap
Growth to PBHG to Mid Cap Growth and to change the name of the X.X. Xxxxxx Money
Market Portfolio to Transamerica Money Market Portfolio of the
AEGON/Transamerica Series Fund, Inc.
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 May 1, 2002.
TRANSAMERICA LIFE INSURANCE AEGON/TRANSAMERICA SERIES
COMPANY FUND, INC.
By its authorized officer By its authorized officer
By: /s/ Xxxxx X. Xxxxxx By: /s/ Xxxx X. Xxxxxx
----------------------- -------------------------------
Xxxxx X. Xxxxxx Xxxx X. Xxxxxx
Title: President Title: Vice President, Secretary
and General Counsel
AUSA LIFE INSURANCE PEOPLES BENEFIT LIFE
COMPANY, INC. INSURANCE COMPANY
By its authorized officer By its authorized officer
By: /s/Xxxxx X. Xxxxxx By: /s/ Xxxxx X. Xxxxxx
------------------------------- ---------------------
Xxxxx X. Xxxxxx Xxxxx X. Xxxxxx
Title: Vice President Title: Executive Vice President
TRANSAMERICA OCCIDENTAL LIFE TRANSAMERICA LIFE INSURANCE
INSURANCE COMPANY AND ANNUITY COMPANY
By its authorized officer By its authorized officer
By: /s/ Xxxxxxxxx X. Xxxxxxx By: _/s/ Xxxxxxxxx X. Xxxxxxx
------------------------------------ -------------------------------
Xxxxxxxxx X. Xxxxxxx Xxxxxxxxx X. Xxxxxxx
Title: Assistant Vice President and Title: Assistant Vice President and
Assistant Secretary Assistant Secretary
AMENDED SCHEDULE A
Effective May 1, 2002
Account(s), Policy(ies) and Portfolio(s)
Subject to the Participation Agreement
Accounts: Separate Account VA B
Separate Account VA BNY
Mutual Fund Account
Separate Account VA A
Separate Account VA C
Separate Account VA D
Retirement Builder Variable Annuity Account AUSA Life
Insurance Company, Inc. Separate Account C Peoples Benefit
Life Insurance Company Separate Account V Legacy Builder
Variable Life Separate Account AUSA Series Life Account AUSA
Series Annuity Account Transamerica Occidental Life Separate
Account VUL-3 Separate Account VA E Separate Account VA F
Transamerica Occidental Life Separate Account VUL-4
Transamerica Occidental Life Separate Account VUL-5
Transamerica Life Insurance and Annuity Company on behalf
of its Separate Account VA-8
Separate Account VA J
Transamerica Occidental Life Separate Account VUL-6
TA PPVUL 1
Separate Account K
Separate Account H
Separate Account G
Separate Account VA-2LNY
Separate Account VA-2L
Separate Account VL A
Policies: Transamerica Landmark Variable Annuity
AUSA Landmark Variable Annuity
The Atlas Portfolio Builder Variable Annuity
Transamerica EXTRA Variable Annuity
Transamerica Access Variable Annuity
Retirement Income Builder II Variable Annuity
AUSA & Peoples - Advisor's Edge Variable Annuity
Peoples - Advisor's Edge Select Variable Annuity
Legacy Builder Plus
AUSA Financial Freedom Builder
Transamerica Elite
Privilege Select Variable Annuity
Estate Enhancer Variable Life
AMENDED SCHEDULE A (continued)
Policies (continued):
TransSurvivor Life Variable Universal Life TransMark Optimum
Choice Variable Annuity TransUltra(R) Variable Universal Life
AUSA Freedom Elite Builder AUSA Premier Variable Annuity
Immediate Income Builder II Premier Asset Builder Variable
Annuity TransAccumulator VUL cv AUSA Freedom Wealth Protector
Advantage V Retirement Income Builder Variable Annuity
Retirement Income Builder III Variable Annuity Dreyfus Advisor
Advantage Variable Annuity Dreyfus Access Advantage Variable
Annuity Dreyfus/Transamerica Triple Advantage(R) Variable
Annuity (NY) Dreyfus/Transamerica Triple Advantage(R) Variable
Annuity Transamerica Variable Life
Portfolios: AEGON/Transamerica Series Fund, Inc.
Janus Growth
AEGON Bond
Transamerica Money Market
Janus Global
LKCM Strategic Total Return
Xxx Xxxxxx Emerging Growth
Xxxxx Aggressive Growth
Federated Growth & Income
PBHG/NWQ Value Select
GE U.S. Equity
Clarion Real Estate Securities
X. Xxxx Price Dividend Growth
X. Xxxx Price Small Cap
Xxxxxxx Xxxxx Growth
PBHG Mid Cap Growth
Salomon All Cap
Dreyfus Mid Cap
Third Avenue Value
Transamerica Value Balanced
Great Companies - America sm
Great Companies - Technology sm
Value Line Aggressive Growth
AMENDED SCHEDULE A (continued)
Portfolios: AEGON/Transamerica Series Fund, Inc. (continued)
Gabelli Global Growth Great Companies - Global2 LKCM
Capital Growth American Century International
American Century Income & Growth Munder Net50
BlackRock Large Cap Value BlackRock Mid Cap Growth
BlackRock Global Science & Technology Aggressive
Asset Allocation Capital Guardian Global Capital
Guardian U.S. Equity Capital Guardian Value
Conservative Asset Allocation Dreyfus Small Cap Value
X.X. Xxxxxx Enhanced Index Janus Balanced Janus
Growth II Xxxxxxxx Growth MFS High Yield Moderate
Asset Allocation Moderately Aggressive Asset
Allocation PIMCO Total Return Protected Principal
Stock X. Xxxx Price Equity Income X. Xxxx Price
Growth Stock Transamerica Equity Transamerica
Convertible Securities Transamerica Growth
Opportunities Transamerica U.S. Government Securities
Xxx Xxxxxx Active International Allocation
Xxx Xxxxxx Asset Allocation
Xxx Xxxxxx Money Market
