EXHIBIT (8)(h)(2)
FORM OF AMENDMENT NO. 7 TO PARTICIPATION AGREEMENT
(XXXXXXXXXXX)
AMENDMENT NO. 7 TO PARTICIPATION AGREEMENT
AMONG XXXXXXXXXXX VARIABLE ACCOUNT FUNDS,
OPPENHEIMERFUNDS, INC. AND
TRANSAMERICA LIFE INSURANCE COMPANY
This Amendment No. 7 is incorporated in and made a part of the
Participation Agreement (the "Agreement") made as of the 15/th/ day of December,
1997, as amended as of July 30, 2001, February 1, 2000, October 1, 1999,
November 27, 1998, June 30, 1998, and July 30, 2001 by and among Transamerica
Life Insurance Company (hereinafter the "Company"), on its own behalf and on
behalf of one or more segregated asset accounts of the Company (hereinafter the
"Account"), Xxxxxxxxxxx Variable Account Funds (hereinafter the "Fund") and
OppenheimerFunds, Inc. (hereinafter the "Adviser"). The following terms and
conditions amend the terms of the Agreement and, in the case of any conflict
between the terms and conditions of the Agreement and the terms and conditions
of this Amendment, the language of this Amendment shall control and govern. All
capitalized and abbreviated terms defined in the Agreement shall have the same
definitions apply in this Amendment.
1. Schedule 1 of the Agreement (and amendments thereto) is hereby deleted
in its entirety and replaced with the following:
SCHEDULE 1
Retirement Builder Variable Annuity Account
Established by the Board of Directors on March 29, 1996
Legacy Builder Variable Life Separate Account
Established by the Board of Directors on November 20, 1998
PFL Variable Life Account A
Established by the Board of Directors on July 1, 1999
Separate Account VA E
Established by the Board of Directors on February 20, 1997
Separate Account VA F
Established by the Board of Directors on May 15, 2000
Separate Account VA I
Established by the Board of Directors on May 15, 2000
Separate Account VA J
Established by the Board of Directors on May 15, 2000
Separate Account VA K
Established by the Board of Directors on July 10, 2001
2. Schedule 2 of the Agreement (and amendments thereto) is hereby deleted
in its entirety and replaced with the following:
SCHEDULE 2
Transamerica Life Insurance Company Policy Form No. AV 288 101 95 796
(including successor forms, addenda and endorsements - may vary by state)
Under the marketing names: "Retirement Income Builder II Variable Annuity" or
"Portfolio Select Variable Annuity"
Transamerica Life Insurance Company Policy Form No.'s VL20 & JL20
Under the marketing name "Legacy Builder II"
Transamerica Life Insurance Company Policy Form No. APUL0600 699
Under the marketing name: "Variable Protector"
Transamerica Life Insurance Company Policy Form No. WL851 136 58 699
Under the marketing name: "Legacy Builder Plus"
Transamerica Life Insurance Company Policy Form No. AV 288 101 95 796
Under the marketing name: "Privilege Select Variable Annuity"
Transamerica Life Insurance Company Policy Form No. AV 288 101 95 796
Under the marketing name: "Premier Asset Builder Variable Annuity"
Transamerica Life Insurance Company Policy Form No. AV 288 101 95 796
Under the marketing name: "Principal-Plus Variable Annuity"
Transamerica Life Insurance Company Policy Form No. AV1200 1 998
Under the marketing name: "Immediate Income Builder II"
Transamerica Life Insurance Company Policy Form No. AV721 101 149 1001
Under the marketing name: "Retirement Income Builder III Variable Annuity"
3. Schedule 3 of the Agreement (and amendments thereto) is hereby deleted
in its entirety and replaced with the following:
SCHEDULE 3
Portfolios of Xxxxxxxxxxx Variable Account Funds:
Initial Shares
--------------
Xxxxxxxxxxx Aggressive Growth Fund/VA - Initial Shares
Xxxxxxxxxxx Bond Fund/VA - Initial Shares
Xxxxxxxxxxx Capital Appreciation Fund/VA - Initial Shares
Xxxxxxxxxxx Global Securities Fund/VA - Initial Shares
Xxxxxxxxxxx High Income Fund/VA - Initial Shares
Xxxxxxxxxxx Main Street Growth & Income Fund/VA - Initial Shares
Xxxxxxxxxxx Multiple Strategies Fund/VA - Initial Shares
Xxxxxxxxxxx Strategic Bond Fund/VA - Initial Shares
Service Shares
--------------
Xxxxxxxxxxx Capital Appreciation Fund/VA - Service Shares
Xxxxxxxxxxx Global Securities Fund/VA - Service Shares
Xxxxxxxxxxx High Income Fund/VA - Service Shares
Xxxxxxxxxxx Main Street Growth & Income Fund/VA - Service Shares
Xxxxxxxxxxx Strategic Bond Fund/VA - Service Shares
Xxxxxxxxxxx Main Street Small Cap Fund/VA - Service Shares
IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment
No. 7 to the Agreement to be executed in its name and on its behalf by its duly
authorized representative as of May 1, 2002:
Company:
TRANSAMERICA LIFE INSURANCE COMPANY
By its authorized officer,
By:___________________________________
Name: /s/ Xxxxx X. Xxxxxx
--------------------------------
Title: President
-------------------------------
Fund:
XXXXXXXXXXX VARIABLE ACCOUNT FUNDS
By its authorized officer,
By:_____________________________________
Name:___________________________________
Title:__________________________________
Advisor:
OPPENHEIMERFUNDS, INC.
By its authorized officer,
By:_____________________________________
Name:___________________________________
Title:__________________________________
