Exhibit 27(h)ixb
AMENDMENT TO PARTICIPATION AGREEMENT
This AMENDMENT TO PARTICIPATION AGREEMENT dated as of June 16, 2003, by
and among RYDEX VARIABLE TRUST ("Trust"), RYDEX DISTRIBUTORS, INC.
("Underwriter") and TRANSAMERICA LIFE INSURANCE COMPANY ("Company").
WITNESSETH:
WHEREAS, the parties hereto have entered into a Participation Agreement
dated as of May 10, 2002 (the "Participation Agreement"), pursuant to which the
Underwriter has agreed to make shares of the Fund available for purchase and
redemption by certain Accounts of the Company in connection with the Company's
Variable Insurance Products; and
WHEREAS, the parties desire to modify the Participation Agreement in
certain respects;
NOW, THEREFORE, in consideration of the mutual covenants contained
herein, the parties hereto, intending to be legally bound, hereby agree as
follows:
1. Defined Terms. Unless otherwise defined herein, capitalized terms in
this Amendment shall have the meanings assigned in the Participation Agreement.
2. Amendment of Participation Agreement. The Participation reement is
hereby amended by replacing Schedule A to the Participation Agreement with
Schedule A attached to this Amendment.
3. No Other Modifications. Except as specifically modified hereby, the
Participation Agreement remains in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed on their behalf by their duly authorized officers as of the day and
year first above written.
TRANSAMERICA LIFE INSURANCE COMPANY
By:______________________________________________________
Name:____________________________________________________
Title:___________________________________________________
RYDEX VARIABLE TRUST
By:______________________________________________________
Name:____________________________________________________
Title:___________________________________________________
RYDEX DISTRIBUTORS, INC.
By:______________________________________________________
Name:____________________________________________________
Title:___________________________________________________
SCHEDULE A
SEPARATE ACCOUNTS AND ASSOCIATED CONTRACTS
Shares of the Funds of the Trust shall be made available as investments
for the following Separate Accounts:
NAME OF SEPARATE ACCOUNT AND FORM NUMBER AND NAME OF CONTRACT
DATE ESTABLISHED BY BOARD OF DIRECTORS FUNDED BY SEPARATE ACCOUNT
-------------------------------------- --------------------------
PFL Corporate Account One Advantage V
Established October 10, 1998 Form Number WL 712 136 84 798
(may vary by state)
Transamerica Corporate Separate Account Advantage X Variable Adjustable Life Insurance
Sixteen Established June 16, 2003. Policy
Form Number EM VC1 TL703
(may vary by state)
