Amendment No. 2 to Participation Agreement Franklin Templeton Variable Insurance Products Trust Franklin Distributors, LLC Protective Life Insurance Company Investment Distributors, Inc.
Amendment No. 2 to Participation Agreement
Franklin Xxxxxxxxx Variable Insurance Products Trust
Franklin Distributors, LLC
Protective Life Insurance Company
Investment Distributors, Inc.
Xxxxxxxx Xxxxxxxxx Variable Insurance Products Trust (the “Trust”), Franklin Distributors, LLC, Protective Life Insurance Company and Investment Distributors, Inc., your distributor (collectively, the “Company” “you” or “your”), on your behalf and on behalf of certain Accounts, (all of the preceding individually a “Party”, collectively, the “Parties”) have previously entered into a Participation Agreement dated November 30, 2020, as amended (the “Agreement”). The Parties now desire to amend the Agreement by this amendment (the “Amendment”). Unless otherwise indicated, the terms defined in the Agreement shall have the same meaning in this Amendment.
On July 7, 2021, an Addendum to the Agreement revised the Agreement to reflect the merger of Franklin Xxxxxxxxx Distributors, Inc. into Xxxx Xxxxx Investor Services, LLC, which was renamed Franklin Distributors, LLC (the “Underwriter,” and together with the Trust, “we,” “our,” or “us”).
AMENDMENT
For good and valuable consideration, the receipt of which is hereby acknowledged, the Parties agree to amend the Agreement as follows:
1.
Schedule B of the Agreement is hereby deleted and replaced in its entirety with the Schedule B attached hereto.
2.
All other terms and provisions of the Agreement not amended herein shall remain in full force and effect.
IN WITNESS WHEREOF, each of the Parties has caused its duly authorized officers to execute this Amendment effective as of November 1, 2022.
The Trust:
FRANKLIN XXXXXXXXX VARIABLE INSURANCE PRODUCTS TRUST
Only on behalf of
each Portfolio listed
on Schedule C of
the Agreement
By:
__/s/ Xxxxxx Xxxx_______________________
Name:___Xxxxxx Xxxx_________________________
Title:___Vice President________________________
The Underwriter:
FRANKLIN DISTRIBUTORS, LLC
By:___/s/ Xxxx Xxxxx
Name:__Xxxx Xxxxx___________________________
Title:__President______________________________
The Company:
PROTECTIVE LIFE INSURANCE COMPANY
By: __/s/ Xxxxx Xxxxxx
Name: Xxxxx Xxxxxx___________________________
Title: Chief Product Officer – Retirement Division___
The Distributor:
INVESTMENT DISTRIBUTORS, INC.
By:__/s/ Xxxxx X Xxxxxx
Name: __Xxxxx Xxxxxx________________________
Title: __SVP, Chief Distribution Officer___________
1
Schedule B
Accounts of the Company
|
Name of Account
|
SEC Registration
Yes/No
|
|
PLICO Variable Annuity Account S
|
Yes
|
|
Protective COLI VUL Separate Account
|
Yes
|
|
Protective COLI PPVUL Separate Account
|
No
|
|
Yes
|
|
|
Protective Variable Life Separate Account
|
Yes
|
|
Protective BOLI PPVUL Separate Account
|
No
|
2
