EX 99-B.8.48
AMENDMENT TO PARTICIPATION AGREEMENT
THIS AGREEMENT is made by and among ING Life Insurance and Annuity
Company (the "Company"), a life insurance company organized under the laws of
the State of Connecticut, ING Variable Products Trust (the "Trust"), an open-end
management investment company and business trust organized under the laws of the
Common Wealth of Massachusetts, and ING Funds Distributor, Inc. (the
"Distributor"), a corporation organized under the laws of the State of Delaware,
(collectively, "the Parties").
WHEREAS, the Parties executed a Participation Agreement dated May 1,
2001 (the "Participation Agreement"), between Aetna Life Insurance and Annuity
Company, Pilgrim Variable Products Trust, and ING Pilgrim Securities, Inc.
WHEREAS, effective on March 1, 2002, Aetna Life Insurance and Annuity
Company, Pilgrim Variable Products Trust and ING Pilgrim Securities, Inc. have
amended their corporate entity names to ING Life Insurance and Annuity Company,
ING Variable Products Trust and ING Funds Distributor, Inc., respectively.
WHEREAS, the names of the Contracts and Separate Accounts, as listed
on Schedule A of the Participation Agreement, have been amended. Variable
Annuity Account B of Aetna Life Insurance and Annuity Company has been changed
to Variable Annuity Account B of ING Life Insurance and Annuity Company,
Variable Annuity Account C of Aetna Life Insurance and Annuity Company has been
changed to Variable Annuity Account C of ING Life Insurance and Annuity Company,
Variable Annuity Account D of Aetna Life Insurance and Annuity Company has been
changed to Variable Annuity Account D of ING Life Insurance and Annuity Company,
Variable Life Account B of Aetna Life Insurance and Annuity Company has been
changed to Variable Life Account B of ING Life Insurance and Annuity Company,
Variable Life Account C of Aetna Life Insurance and Annuity Company has been
changed to Variable Life Account C of ING Life Insurance and Annuity Company,
and Aetna Variable Annuity Contacts has been changed to ING Variable Annuity
Contracts.
WHEREAS, the name of the "Pilgrim Variable Products Trust" series, as
listed on Schedule B of the Participation Agreement, has been amended to "ING
Variable Products Trust". As a result, the names of the Authorized Funds have
also been amended. Pilgrim VP MagnaCap Portfolio has changed to ING VP MagnaCap
Portfolio, Pilgrim VP Research Enhanced Index Portfolio has changed to ING VP
Research Enhanced Index Portfolio, Pilgrim VP Growth Opportunities Portfolio has
change to ING Pilgrim VP Growth Opportunities Portfolio, Pilgrim XX XxxXxx
Opportunities Portfolio has changed to ING XX XxxXxx Opportunities Portfolio,
Pilgrim VP Growth + Value Portfolio has changed to ING VP Growth + Value
Portfolio, Pilgrim VP SmallCap Opportunities Portfolio has changed to ING VP
SmallCap Opportunities Portfolio, Pilgrim VP International Value Portfolio has
changed to ING VP International Value Portfolio, Pilgrim VP High Yield Bond
Portfolio has changed to ING VP High Yield Bond Portfolio,
Pilgrim VP Worldwide Growth Portfolio has changed to ING VP Worldwide Growth
Portfolio, Pilgrim VP International SmallCap Growth Portfolio has been changed
to ING VP International SmallCap Growth Portfolio, Pilgrim VP International
Portfolio has been changed to ING VP International Portfolio, Pilgrim VP
Emerging Countries Portfolio has been changed to ING VP Emerging Countries
Portfolio, Pilgrim VP Growth and Income Portfolio has been changed to ING VP
Large Company Value Portfolio, Pilgrim VP LargeCap Growth Portfolio has been
changed to ING VP LargeCap Growth Portfolio, Pilgrim VP Financial Services
Portfolio has been changed to ING VP Financial Services Portfolio, Pilgrim VP
Convertible Portfolio has been changed to ING VP Convertible Portfolio.
NOW, THEREFORE, in consideration of their mutual promises, the Parties
agree as follows:
The Participation Agreement is hereby amended to reflect the current
corporate entity and series names.
FURTHER, the Participation Agreement is hereby amended by substituting
for the current Schedule A an amended Schedule A in the form attached hereto.
FURTHER, the Participation Agreement is hereby amended by substituting
for the current Schedule B an amended Schedule B in the form attached hereto.
Executed this 30 day of August 2002.
ING LIFE INSURANCE AND ANNUITY COMPANY
BY ITS AUTHORIZED OFFICER,
/s/ Xxxxxx X. Xxxxxxxxxxx
--------------------------------
NAME: Xxxxxx X. Xxxxxxxxxxx
TITLE: Vice President
ING VARIABLE PRODUCTS TRUST
BY ITS AUTHORIZED OFFICER,
/s/ Xxxxxxx X. Xxxxxx
--------------------------------
NAME: Xxxxxxx X. Xxxxxx
TITLE: Executive VP
ING FUNDS DISTRIBUTOR, INC.
BY ITS AUTHORIZED OFFICER,
/s/ Xxxxxxx X. Xxxxxx
--------------------------------
NAME: Xxxxxxx X. Xxxxxx
TITLE: Executive VP
SCHEDULE A
Contracts and Separate Accounts
ACCOUNTS:
Variable Annuity Account B of ING Life Insurance and Annuity Company
Variable Annuity Account C of ING Life Insurance and Annuity Company
Variable Annuity Account D of ING Life Insurance and Annuity Company
Variable Life Account B of ING Life Insurance and Annuity Company
Variable Life Account C of ING Life Insurance and Annuity Company
CONTRACTS:
ING Variable Annuity Contracts
SCHEDULE B
ING VARIABLE PRODUCTS TRUST
AUTHORIZED FUNDS
ING VP MagnaCap Portfolio
ING VP Research Enhanced Index Portfolio
ING VP Growth Opportunities Portfolio
ING XX XxxXxx Opportunities Portfolio
ING VP Growth + Value Portfolio
ING VP SmallCap Opportunities Portfolio
ING VP International Value Portfolio
ING VP High Yield Bond Portfolio
ING VP Worldwide Growth Portfolio
ING VP International SmallCap Growth Portfolio
ING VP International Portfolio
ING VP Emerging Countries Portfolio
ING VP Large Company Value Portfolio
ING VP LargeCap Growth Portfolio
ING VP Financial Services Portfolio
ING VP Convertible Portfolio
