0000950152-06-003732 Sample Contracts

PARTICIPATION AGREEMENT
Participation Agreement • May 1st, 2006 • Annuity Investors Variable Account B • Delaware

THIS AGREEMENT made and entered into this 21 day of DECEMBER 2005 by and between WELLS FARGO VARIABLE TRUST, a statutory trust formed under the laws of Delaware (the “Trust”). WELLS FARGO FUNDS DISTRIBUTOR, LLC, a Delaware limited liability company (the “Distributor”), and ANNUNITY INVESTORS LIFE INSURANCE COMPANY, an Ohio life insurance company (the “Company”), on its own behalf and on behalf of each separate account of the Company identified herein and Great American Advisors, Inc. (the “Insurance Underwriter”), a broker-dealer affiliated with the Company.

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AMENDMENT
Participation Agreement • May 1st, 2006 • Annuity Investors Variable Account B

THIS AMENDMENT (“Amendment”) effective as of January 12, 2006 is made and entered into by and among Annuity Investors Life Insurance Company (“Company”), The Timothy Plan Variable Series (“Fund”) and Timothy Partners, Ltd. (“Advisor” and “Distributor”) and is intended to form a part of that certain Participation Agreement (“Agreement”) effective as of May 1, 1998 to which it is attached.

AMENDMENT
Participation Agreement • May 1st, 2006 • Annuity Investors Variable Account B

THIS AMENDMENT (“Amendment”) effective as of May 1, 2005 is made and entered into by and between Annuity Investors Life Insurance Company (the “Company”), PIMCO Variable Insurance Trust (the “Fund”), and Allianz Global Investors Distributors, LLC, formerly PIMCO Funds Distributors LLC (the “Underwriter”) and is intended to form a part of that certain Participation Agreement effective as of July 1, 2002 to which it is attached (“Participation Agreement”).

AMENDMENT TO FUND PARTICIPATION AGREEMENT
Fund Participation Agreement • May 1st, 2006 • Annuity Investors Variable Account B

This Amendment to Fund Participation Agreement (“Amendment”) is made as of December 1, 2005 by and between Janus Aspen Series, an open-end management investment company organized as a Delaware business trust (“Trust”) and Annuity Investors Life Insurance Company, a life insurance company organized under the laws of the State of Ohio (the “Company”).

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