May 1,2007 Annuity Investors Life Insurance Company 525 Vine Street Cincinnati, OH 45202 Re: Administrative Services Dear Sir/Madam:
Exhibit 8(n)
May 1,2007
Annuity Investors Life Insurance Company 000
Xxxx Xxxxxx Xxxxxxxxxx, XX 00000
Re: Administrative Services
Dear Sir/Madam:
Xxxx Xxxxxx Xxxxxxxxxx, XX 00000
Re: Administrative Services
Dear Sir/Madam:
As you know, we have entered into a participation agreement (the “Participation Agreement”) among
The Universal Institutional Funds, Inc. (the “Fund,” formerly Xxxxxx Xxxxxxx Universal Funds,
Inc.), Xxxxxx Xxxxxxx Investment Management Inc. (the “Adviser,” formerly Xxxxxx Xxxxxxx Asset
Management Inc.), Xxxxxx Xxxxxxx Investments LP (the “MSI,” formerly Xxxxxx Xxxxxxxx & Xxxxxxxx,
LLP)1 and Annuity Investors Life Insurance Company (the “Company”), dated May 1, 1997,
as may be amended from time to time, providing for the purchase by the Company of shares of
certain series of the Fund (“Portfolios”) on behalf of its separate account(s) to fund the
variable life and annuity contracts specified in the Participation Agreement (“Contracts”).
As consideration for various fund-related administrative services that the Company will provide in
connection with the issuance of the Contracts, we will pay to the Company, during the term of the
Participation Agreement, an annual fee of: (i) 0.30% of the assets invested in the U.S. Real Estate
Portfolio of the Fund and (ii) 0.25% of the assets invested in the Core Plus Fixed Income, Mid Cap
Growth, U.S. Mid-Cap Value and Value Portfolios of the Fund under the Contracts identified in the
Participation Agreement (excluding, in all cases, all assets invested during the guarantee
(free-look) periods available under the Contracts). We acknowledge that the fund-related
administrative services to be provided by the Company (such as shareholder communication, record
keeping and postage expenses) are ones for which we, or our affiliates, as investment adviser and
administrator to the Fund, would otherwise bear the cost directly.
Payment will be made on a quarterly basis during the month following the end of each calendar
quarter. The fee will be calculated based on the average aggregate amount invested in the
applicable Portfolio(s) under the Contracts over a calendar quarter (which shall be computed by
1 | As you know, effective May 1,2002, MSI assigned to the Adviser all of its rights
and obligations under the Participation Agreement, and the Adviser accepted such assignment of
rights and obligations. |
Annuity Investors Life Insurance
Company May 1,2007
Page 2
Company May 1,2007
Page 2
totaling daily balances during the quarter and dividing such total by the actual days in the
quarter).
This letter agreement supersedes the prior administrative services letter dated July 1, 2002.
If you agree to the foregoing, please sign the enclosed copies of this letter agreement and return
them to Xxxx X. Xxxxxxxx at Xxxxxx Xxxxxxx Investment Management Inc., 0000 Xxxxxx xx xxx Xxxxxxxx,
0xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000.
Sincerely,
Xxxxxx Xxxxxxx Investment Management Inc.
By: | /s/ Xxxxxx X. Xxxxxxxxx | |||
Name: | Xxxxxx X. Xxxxxxxxx | |||
Title: | Director | |||
AGREED:
Annuity Investors Life Insurance Company
By: | /c/ Xxxx X. Xxxxxx | |||
Name: | Xxxx X. Xxxxxx | |||
Title: | Senior Vice President & General Counsel | |||