0001193125-05-089784 Sample Contracts

EXHIBIT (8)(k)(5) AMENDMENT NO. 32 TO PARTICIPATION AGREEMENT (ATST)
Participation Agreement • April 29th, 2005 • Separate Account Va-2l of Transamerica Occidental Life Ins C

The Participation Agreement, dated July 1, 1992, as amended (“Agreement”) among AEGON/Transamerica Series Fund, Inc. (the “Fund”), Transamerica Life Insurance Company (“Transamerica”), Transamerica Financial Life Insurance Company (“TFLIC”), Peoples Benefit Life Insurance Company (“Peoples”), Transamerica Occidental Life Insurance Company (“TOLIC”), and Transamerica Life Insurance and Annuity Company (“TALIAC”) is hereby amended as follows:

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