FIRST AMENDMENT TO PARTICIPATION AGREEMENT
FIRST AMENDMENT TO
This First Amendment is, dated and effective as of December , 2020, to the Participation Agreement (the “Agreement”), effective September 30, 1998,, between XXX XXX WORLWIDE INSURANCE TRUST (THE “FUND”), XXX XXX SECURITIES CORPRATION (The “Underwriter”), XXX XXX ASSOCIATES CORPORATION (the “Adviser”) and PROTECTIVE LIFE INSURANCE COMPANY (the “Company”).
WHEREAS, the parties wish to amend the Agreement to update the separate accounts listed in Schedule A and the Portfolios of the Fund listed in Schedule B;
NOW THEREFORE, the parties hereby agree to amend the Agreement as follows:
1. Xxx Xxx VIP Trust. All references to Xxx Xxx Worldwide Insurance Trust shall be replaced with XxxXxx VIP Trust.
2. Schedules A and B. Schedules A and B to the Agreement are hereby deleted in their entirety and replaced with Schedules A and B attached hereto.
3. Ratification and Confirmation of Agreement. In the event of a conflict between the terms of this Amendment and the Agreement, it is the intention of the parties that the terms of this Amendment shall control and the Agreement shall be interpreted on that basis. To the extent the provisions of the Agreement have not been amended by this Amendment, the Parties hereby confirm and ratify the Agreement.
4. Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument.
5. Full Force and Effect. Except as expressly supplemented, amended or consented to hereby, all of the terms, representations, warranties, terms, covenants and conditions of the Agreement shall remain unamended and shall continue to be in full force and effect.
XXX XXX VIP TRUST |
XXX XXX ASSOCIATES CORPORATION | |||
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XXX XXX SECURITIES CORPORATION |
PROTECTIVE LIFE INSURANCE | |||
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SCHEDULE A
SEPARATE ACCOUNTS OF PROTECTIVE LIFE INSURANCE COMPANY
Separate Accounts |
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Date Established by the Board of Directors |
Protective Variable Annuity Separate Account |
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12/23/1993 |
Protective Life Variable Account |
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2/22/1995 |
Protective COLI VUL Separate Account |
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02/25/2020 |
Protective COLI PPVUL Separate Account |
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4/14/2020 |
SCHEDULE B
PORTFOLIOS OF THE XXX XXX WORLWIDE INSURANCE TRUST
Xxx Xxx Worldwide Real Estate Fund
XxxXxx VIP Global Hard Assets Fund
Xxx Xxx VIP Emerging Markets Fund