EXHIBIT (8)(g)(3)
FORM OF AMENDMENT NO. 20 TO PARTICIPATION AGREEMENT
(AEGON/TRANSAMERICA)
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 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 2LNY, Separate Account VA-2L and
Separate Account VL A (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 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 intends 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.
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-2LNY, Separate Account VA-2L and Separate Account VL A 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-2LNY, Separate
Account VA-2L and Separate Account VL A 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 Variable
Annuity (NY), Dreyfus/Transamerica Triple Advantage Variable Annuity contracts
and the Transamerica Variable Life policy issued by Transamerica 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 Small Company Portfolio, the
Transamerica Growth 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, 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:__________________________ By:________________________________
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:_________________________________ By:________________________________
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:_________________________________ By:________________________________
Xxxxxxxxx X. Xxxxxxx Xxxxxxxxx X. Xxxxxxx
Title: Assistant Vice President Title: Assistant Vice President and
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 - Global/2/
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 Growth
Transamerica Convertible Securities
Transamerica Small Company
Transamerica U.S. Government Securities
Xxx Xxxxxx Active International Allocation
Xxx Xxxxxx Asset Allocation
Xxx Xxxxxx Money Market
