Exhibit (8)(g)(1)
Amendment No. 1 to Participation Agreement
(Franklin Xxxxxxxxx)
Amendment No. 1 to the
Participation Agreement
Franklin Xxxxxxxxx Variable Insurance Products Trust
Franklin Xxxxxxxxx Distributors, Inc.
PFL Life Insurance Company
This Amendment No. 1 is incorporated in and made a part of the
Participation Agreement (the "Agreement") made as of the 1st day of May, 2000,
by and among Franklin Xxxxxxxxx Variable Insurance Products Trust (the "Trust"),
Franklin Xxxxxxxxx Distributors, Inc. (the "Underwriter"), and PFL Life
Insurance Company (the "Company"). All terms used that are not defined in this
Amendment shall have the same meanings as the same terms used in the Agreement.
1. The name of the Company is changed from "PFL Life Insurance Company"
to "Transamerica Life Insurance Company." All references in the Agreement to PFL
Life Insurance Company shall refer to Transamerica Life Insurance Company;
2. Schedule A of the Agreement is hereby deleted in its entirety and
replaced with the following:
Schedule A
The Company
Transamerica Life Insurance Company
0000 Xxxxxxxx Xxxx X.X.
Xxxxx Xxxxxx, XX 00000-0000
A life insurance company organized as a corporation under Iowa law.
3. Schedule B of the Agreement is hereby deleted in its entirety and
replaced with the following:
Schedule B
Accounts of the Company
1. Name: Retirement Builder Variable Annuity Account
Date Established: March 29, 1996
SEC Registration Number: 811-07689
2. Name: Separate Account VA I
Date Established: May 15,2000
SEC Registration Number: 811-10147
4. Schedule C of the Agreement is hereby deleted in its entirety and
replaced with the following:
Schedule C
Available Portfolios and Classes of Shares of the Trust; Investment Advisers
Franklin Xxxxxxxxx Variable Insurance
Products Trust Investment Adviser
-------------------------------------------- --------------------------------
Templeton Asset Strategy Fund Class 2 Xxxxxxxxx Investment Counsel LLC
Xxxxxxxxx International Securities Fund
Class 2 Xxxxxxxxx Investment Counsel LLC
Franklin Small Cap Fund Class 2 Franklin Advisers, Inc.
Franklin Growth and Income Fund Class 2 Franklin Advisers, Inc.
Franklin Income Fund Class 2 Franklin Advisers, Inc.
Templeton Developing Markets Securities Fund
Class 2 Xxxxxxxxx Asset Management Ltd.
5. Schedule D of the Agreement is hereby deleted in its entirety and
replaced with the following:
Schedule D
Contracts of the Company
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Contract 1 Contract 2
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Contract/Product Name Portfolio Select Principal-Plus
Variable Annuity Variable Annuity
-------------------------------------------------------------------------------------------------------
Registered (Y/N) Yes Yes
-------------------------------------------------------------------------------------------------------
SEC Registration 333-07509 333-46594
Number
-------------------------------------------------------------------------------------------------------
Representative Form AV288 101 95 796 AV 288 101 95 796
Numbers (may vary by state) (may vary by state)
-------------------------------------------------------------------------------------------------------
Separate Account Name/ Retirement Builder Separate Account VA I
Date Established Variable Annuity Account
-------------------------------------------------------------------------------------------------------
SEC Registration 811-07689 811-10147
Number
-------------------------------------------------------------------------------------------------------
Portfolios and Classes - Franklin Small Cap Fund Franklin Growth and
Adviser Class 2 - Franklin Income Fund Class 2 -
Advisers, Inc. Franklin Advisers, Inc.
-------------------------------------------------------------------------------------------------------
Templeton Asset Strategy Franklin Income Fund
Fund Class 2 - Templeton Class 2 - Franklin
Investment Counsel LLC Advisers, Inc.
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Xxxxxxxxx International Franklin Small
Securities Fund Class 2 - Class 2 - Cap Fund Franklin
Xxxxxxxxx Investment Advisers, Inc.
Counsel LLC
-------------------------------------------------------------------------------------------------------
Templeton Developing Xxxxxxxxx International
Markets Securities Fund Securities Fund Class 2 -
Class 2 - Templeton Asset Xxxxxxxxx Investment
Management Ltd. Counsel LLC
-------------------------------------------------------------------------------------------------------
6. Schedule E of the Agreement is hereby deleted in its entirety and
replaced with the following:
Schedule E
Other Portfolios Available under the contracts
--------------------------------------------------------------------------------
Portfolio Select Variable Annuity/SM/
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AIM Variable Insurance Funds Xxxxxxxxxxx Variable Account Funds
AIM V.I. Capital Appreciation Fund Xxxxxxxxxxx Capital Appreciation Fund/VA
AIM V.I. Growth and Income Fund Xxxxxxxxxxx Main Street Growth & Income
Fund/VA
AIM V.I. International Equity Fund Xxxxxxxxxxx Multiple Strategies Fund/VA
AIM V.I. Value Fund Xxxxxxxxxxx Strategic Bond Fund/VA
AIM V.I. Dent Demographic Trends Fund
Xxxxxx Variable Trust - Class IB Shares
Alliance Variable Products Series Xxxxxx VT Global Growth Fund
Fund, Inc. - Class B Xxxxxx VT Growth and Income Fund
Alliance Premier Growth Portfolio Xxxxxx VT Growth Opportunities Fund
Alliance Technology Portfolio Xxxxxx VT Money Market Fund
Xxxxxx VT New Value Fund
Xxxxx Variable Account Fund, Inc.
Xxxxx Value Portfolio Variable Insurance Products Fund
(VIP) - Service Class
Evergreen Variable Trust Fidelity - VIP High Income Portfolio
Evergreen VA Fund
Evergreen VA Foundation Fund Variable Insurance Products Fund
Evergreen VA Global Leaders Fund (VIP) - Service Class 2
Evergreen VA Growth and Income Fund Fidelity - VIP Equity-Income Portfolio
Evergreen VA Blue Chip Fund Fidelity - VIP Growth Portfolio
Evergreen VA International Growth Fund
Evergreen VA Omega Fund Variable Insurance Products Fund II
Evergreen VA Capital Growth Fund (VIP II) -Initial Class
Evergreen VA Growth Fund Fidelity - VIP II Index 500 Portfolio
Evergreen VA High Income Fund Fidelity - VIP II Investment Grade Bond
Portfolio
Federated Insurance Series Variable Insurance Products Fund III
Federated American Leaders Fund II (VIP IIr) - Service Class
Federated High Income Bond Fund II Fidelity - VIP III Growth Opportunities
Portfolio
MFS(R) Variable Insurance Trusts/SM/
MFS Emerging Growth Series
MFS Research Series
MFS Total Return Series
MFS Utilities Series
--------------------------------------------------------------------------------
Principal-Plus Variable Aunuity
--------------------------------------------------------------------------------
AIM Variable Insurance Funds - Series
II Shares Xxxxxxxxxxx Variable Account
AIM V.I. Blue Chip Fund Funds - Service Shares
AIM V.I. Capital Appreciation Fund Xxxxxxxxxxx Capital Appreciation Fund/VA
AIM V.I. Value Fund Xxxxxxxxxxx Global Securities Fund/VA
Xxxxxxxxxxx Main Street
Growth & Income Fund/VA
Federated Insurance Series
Federated Prime Money Fund II Xxxxxx Variable Trust - Class IB Shares
Xxxxxx VT Diversified Income Fund
First American Insurance Xxxxxx VT Growth and Income Fund
Portfolios, Inc. - Class IB Shares Xxxxxx VT Income Fund
First American Large Cap Growth
Portfolio Xxxxxx VT Investors Fund
First American Mid Cap Growth
Portfolio Xxxxxx VT New Value Fund
First American Small Cap Growth Xxxxxx VT The Xxxxxx Xxxxxx Fund of
Portfolio Boston
First American Technology Portfolio
MBS(R) Variable Insurance Trust/SM/ -
Service Shares
MFS Investors Growth Stock Series
MFS Research Series
MFS Total Return Series
--------------------------------------------------------------------------------
7. Schedule F of the Agreement is hereby amended and the following two
sections are replaced as follows:
Schedule F
Rule 12b-1 Plans
Maximum Annual
Portfolio Name Payment Rate
-------------------------------------------- --------------
Franklin Growth and Income Fund 0.25%
Franklin Income Fund 0.25%
Franklin Small Cap Fund 0.25%
Templeton Asset Strategy Fund 0.25%
Xxxxxxxxx International Securities Fund 0.25%
Templeton Developing Markets Securities Fund 0.25%
8. Schedule G of the Agreement is hereby amended and the following
section is replaced as follows:
Schedule G
Addresses for Notices
To the Company: Transamerica Life Insurance Company
0000 Xxxxxxxx Xxxx X.X.
Xxxxx Xxxxxx, Xxxx 00000-0000
Attention: Xxxxx X. Xxxx, Esq.
IN WITNESS WHEREOF, each of the parties have caused their duly authorized
officers to execute this Agreement as of October 1,2001:
The Company: Transamerica Life Insurance Company
By: /s/ Xxxxx X. Xxxxxx
-------------------------------------
Name: Xxxxx X. Xxxxxx
Title: President
Franklin Xxxxxxxxx Variable Insurance
The Trust: Products Trust
Only on behalf of each
Portfolio listed on By: /s/
Schedule C hereof. -------------------------------------
Name:
Title:
The Underwriter: Franklin Xxxxxxxxx Distributors, Inc.
By: /s/
-------------------------------------
Name:
Title:
