EXHIBIT (8)(v)
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TERMINATION NOTICE OF ADMINSTRATIVE SERVICES AGREEMENT
BY AND BETWEEN PFL LIFE INSURANCE COMPANY
AND VANTAGE COMPUTER SYSTEMS, INC.
[PFL Life Insurance Company Letterhead]
May 4, 1995
Xx. Xxxx X. Xxxxxx, Xx.
Senior Vice President
Vantage Computer Systems, Inc.
000 X. 00xx Xxxxxx
Xxxxxx Xxxx, XX 00000
Re: Remote Service Agreement
Dear Xxxx:
Our Remote Services Agreement with Vantage Computer Systems, Inc. provides
that the remote services will be provided on a month to month basis and "...can
be terminated with two weeks notice".
Both our staffs have been working hard toward the successful relocation of
our variable annuity inforce block from the DST Data Center in Kansas City to
the AEGON USA Data Center in Cedar Rapids. Due to an unfortunate price problem
from the Boston Company during parallel testing, a slight delay has now caused
the target date to move to May 20, 1995.
This letter will serve as the required termination notice. In the event of
any unplanned delays, we do not anticipate slippage past the weekend of May
27th.
For billing purposes, we assume our Vantage Remote Service Charges for May,
1995, will be calculated on a daily pro-rata basis up to the actual termination
date the data center is moved.
Even though the Remote Service Agreement will terminate in May, we fully
expect Vantage's continued commitment to met it's legal obligation in completing
the transfer of policy file records acceptable to PFL Life.
We greatly appreciate your assistance in migrating our inforce block from
full service, to remote service, to PFL Life in Cedar Rapids. It has been a
learning experience for both parties, to say the least. The main goal of making
the migration as invisible to the outside world (policyholders, marketing
organizations, etc.) as possible has been successful, I believe.
If I can be of any further assistance or if any questions should arise,
please let me know.
Sincerely,
/s/ Xxxxxxx X. Xxxx
Xxxxxxx X. Xxxx, CLU, ChFC, FLMI
Chief Administrative Officer
Financial Markets Division
PFL Life Insurance Company
cc: Xxxxx Xxxxxxxxx, Vantage Project Director
Xxxxx Xxxxx, PFL Life
XxXxx Xxxxxxx, PFL Life
