Exhibit 9(c)4
[CHARTER NATIONAL LIFE INSURANCE COMPANY LETTERHEAD]
June 30, 1991
Xxxxxxx Variable Life Investment Fund
000 Xxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
ATTN: Xxxxx X. Xxxxx
Gentlemen:
Reference is made to Section 2 Capital Contribution, of the Participation
Agreement between Xxxxxxx Variable Life Investment Fund (the "Fund") and Charter
National Life Insurance Company ("Charter"), as revised September 29, 1988 (the
"Agreement").
Both parties hereby agree that within sixty days after the end of the
fiscal year December 31, 1991, Charter will make the required capital
contribution to the Fund in respect of each Portfolio for such fiscal year;
thereafter, effective January 1, 1992, Charter shall discontinue payment of
capital contribution in respect of each Portfolio as defined in paragraph (c) of
Section 1 of the above referenced Agreement.
All other provisions of the Agreement remain unchanged.
The foregoing represents the understanding of this amendment.
Charter National Life Insurance Company
By: /s/ Xxxxxxx X. Xxxxx, Xx.
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Xxxxxxx X. Xxxxx, Xx.
Xxxxxxx Variable Life Investment Fund
By: /s/ Xxxxx X. Xxxxx
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