AMENDMENT TO THE PARTICIPATION AGREEMENT
Exhibit 1.A(8)(b)(xxxviii)
AMENDMENT TO THE PARTICIPATION AGREEMENT
This Agreement is made by and among Security Life of Denver Insurance Company ("Company"), M Fund, Inc. ("Fund") and M Financial Investment Advisers, Inc. ("Adviser") (collectively, the "Parties").
WHEREAS, the Parties executed a Participation Agreement dated December 1, 2000 (the "Participation Agreement") governing how shares of the Funds portfolios are to be made available to certain variable life insurance and/or variable annuity contracts (the "Contracts") offered by the Company through certain separate accounts (the "Separate Accounts");
WHEREAS, the Parties have agreed that it is in their interests to add additional Contracts and funding options to the Participation Agreement;
NOW, THEREFORE, in consideration of their mutual promises, the Parties agree as follows:
- The participation Agreement is hereby amended by substituting for the current Schedule 1 an amended Schedule 1 in the form attached hereto which adds Strategic Advantage to the list of Contracts subject to the Participation Agreement.
- The Participation Agreement is hereby amended by substituting for the current Schedule 2 an amended Schedule 2 in the form attached hereto which adds certain Contracts and investment options to the list of those funding the Separate Accounts.
M FUND, INC.
By: /s/ Xxxxxx X. Xxxxx Name: Xxxxxx X. Xxxxx Title: President |
M FINANCIAL INVESTMENT
ADVISERS INC.
By: /s/ Xxxxxx X. Xxxxx Name: Xxxxxx X. Xxxxx Title: President |
SECURITY LIFE OF
DENVER
INSURANCE COMPANY By: /s/ Xxx Xxxxxxxxxx Name:Xxx Xxxxxxxxxx Title: Executive Vice President |
Schedule 1 - Amendment
Effective as of May 1, 2001, the following separate accounts of the Company and Contracts are hereby added to this Schedule 1 and made subject to the Agreement:
Name on Account | Type of Product Supported by Account | Name of Product |
Security Life Separate Account M1 | Variable Universal Life | Magnastar |
Security Life Separate Account L1 | Variable Universal Life | FirstLine |
Security Life Separate Account L1 | Variable Universal Life | FirstLine II |
Security Life Separate Account L1 | Variable Universal Life | Strategic Advantage II |
Security Life Separate Account L1 | Variable Universal Life | Asset Portfolio Manager |
Security Life Separate Account L1 | Variable Universal Life | Variable Survivorship |
Security Life Separate Account L1 | Variable Universal Life | Estate Designer |
Security Life Separate Account L1 | Variable Universal Life | Corporate Benefits |
IN WITNESS WHEREOF, the Fund, the Adviser, and the Company hereby amend this Schedule 1 in accordance with Article XI of the Agreement.
M FUND, INC.
By: /s/ Xxxxxx X. Xxxxx Name: Xxxxxx X. Xxxxx Title: President | SECURITY LIFE OF DENVER
INSURANCE COMPANY By: /s/ Xxx Xxxxxxxxxx Name: Xxx Xxxxxxxxxx Title: Executive Vice President |
M FINANCIAL INVESTMENT
ADVISERS INC.
By: /s/ Xxxxxx X. Xxxxx Name: Xxxxxx X. Xxxxx Title: President | |
Schedule 2 - Amendment
Effective as of May 1, 2001, this Schedule 2 is hereby amended to reflect the following changes in Fund Series and other funding vehicles:
Contract Marketing Name:
Magnastar Variable Universal Life
FirstLine Variable Universal Life
FirstLine II Variable Universal Life
Strategic Advantage II Variable Universal Life
Asset Portfolio Manager Variable Universal Life
Variable Survivorship Universal Life
Estate Designer Variable Universal Life
Corporate Benefits Variable Universal Life
M Fund, Inc. Fund Series:
Xxxxxxx International Equity Fund
Xxxxxxx Enhanced U.S. Equity Fund
Frontier Capital Appreciation Fund
Xxxxxx Core Growth Fund
Other Funding Vehicles:
AIM Variable Insurance Funds
The Xxxxx American Fund
Fidelity Variable Insurance Products Fund (I&II)
The GCG Trust
INVESCO Variable Investment Funds, Inc.
Janus Aspen Series
Xxxxxxxxx Xxxxxx Advisers Management Trust
Xxx Xxx Worldwide Insurance Trust
IN WITNESS WHEREOF, the Fund, the Adviser, and the Company hereby amend this Schedule 2 in accordance with Article XI of the Agreement.
M FUND, INC.
By: /s/ Xxxxxx X. Xxxxx Name: Xxxxxx X. Xxxxx Title: President | SECURITY LIFE OF DENVER
INSURANCE COMPANY By: /s/ Xxx Xxxxxxxxxx Name: Xxx Xxxxxxxxxx Title: Executive Vice President |
M FINANCIAL INVESTMENT
ADVISERS INC.
By: /s/ Xxxxxx X. Xxxxx Name: Xxxxxx X. Xxxxx Title: President | |