EX-99.B(e)amendpua
SECOND AMENDMENT OF
PRINCIPAL UNDERWRITING AGREEMENT
This amendment ("Second Amendment") to the Principal Underwriting
Agreement, dated May 1, 1990 ("Principal Underwriting Agreement") by and between
United Investors Life Insurance Company ("United Investors"), on its own behalf
and on behalf of United Investors Life Variable Account ("Variable Account"),
and Xxxxxxx & Xxxx, Inc. ("W&R")(a copy of which is attached hereto as Exhibit
"A"), as amended by the Agreement Amending Principal Underwriting Agreement
("First Amendment"), dated the March 3, 1998 (a copy of which is attached hereto
as Exhibit "B") is made effective as of the 31st day of December, 1998, except
as otherwise provided herein.
1. The parties hereunto agree as follows:
a. To rescind the provision for termination of the Principal
Underwriting Agreement contained in the First Amendment and extend the Principal
Underwriting Agreement for the term provided in Section 16 thereof.
b. The preamble of the Principal Underwriting Agreement shall be
amended by inserting ", United Investors Annuity Variable Account and United
Investors Universal Life Variable Account" after the phrase "United Investors
Life Variable Account" in line four.
c. The preamble of the Principal Underwriting Agreement shall be
further amended by inserting "collectively referred to herein as the" before the
phrase "Variable Account" in line four.
d. The first recital shall be amended by inserting ", deferred
variable annuity policies and flexible premium variable life insurance policies"
after the phrase "flexible premium variable life insurance policies" in line
four.
2. The amendments to the Principal Underwriting Agreement adding "United
Investors Annuity Variable Account" and ", deferred variable annuity policies"
shall be effective retroactively to May 1, 1990. The amendments to the Principal
Underwriting Agreement adding "United Investors Universal Life Variable Account"
and "and flexible premium variable life insurance policies" shall be effective
retroactively to April 18, 1997.
3. In all other respects, the Principal Underwriting Agreement is
unchanged, and the parties ratify and confirm the Principal Underwriting
Agreement, as amended by this Second Amendment.
IN WITNESS WHEREOF, the parties have executed this Second Amendment by
their duly authorized representatives to become effective as provided herein.
UNITED INVESTORS LIFE INSURANCE
COMPANY
By: /s/Xxxxxxx X. XxXxxxxxx
--------------------------
Xxxxxxx X. XxXxxxxxx
Its: President
TARGET/UNITED FUNDS, INC.
By: /s/Xxxxxx X. Xxxxxxx
-------------------------
Xxxxxx X. Xxxxxxx
Its: President
