Amendment No. 2 to Participation Agreement Franklin Templeton Variable Insurance Products Trust Franklin/Templeton Distributors, Inc. TIAA-CREF Life Insurance Company
Exhibit (8)(AD2)
Amendment No. 2 to Participation Agreement
Franklin Xxxxxxxxx Variable Insurance Products Trust
Franklin/Xxxxxxxxx Distributors, Inc.
TIAA-CREF Life Insurance Company
Franklin Xxxxxxxxx Variable Insurance Products Trust (the “Trust”), Franklin/Xxxxxxxxx Distributors, Inc. (the “Underwriter,” and together with the Trust, “we” or “us”), TIAA-CREF Life Insurance Company (the “Company” or “you”), on your behalf and on behalf of certain Accounts, have previously entered into a Participation Agreement dated February 1, 2006 and amended June 5, 2007 (the “Agreement”). The parties now desire to amend the Agreement by 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.
AMENDMENT
For good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree to amend the Agreement as follows:
1. | Schedules B and D of the Agreement are deleted in their entirety and replaced with the Schedules B and D attached hereto, respectively. |
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 August 1, 2007.
The Company: | TIAA-CREF LIFE INSURANCE COMPANY | |||||||
By: | /s/ Xxxxxxx X. Xxxxx | |||||||
Name: | Xxxxxxx X. Xxxxx | |||||||
Title: | Vice President | |||||||
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 Xxxxxx | |||||||
Name: | Xxxxxx Xxxxxx | |||||||
Title: | Senior Vice President |
2
Schedule B
Accounts of the Company
Name of Account |
SEC Registration | |
Yes/No | ||
TIAA-CREF Separate Account VLI-1 TIAA-CREF Separate Account VA-1 |
Yes Yes |
3
Schedule D
Contracts of the Company
Intelligent Life Variable Universal Life
Intelligent Variable Annuity Contract
4