AMENDMENT TO FUND PARTICIPATION AGREEMENT BETWEEN DELAWARE VIP TRUST, DELAWARE MANAGEMENT COMPANY, DELAWARE DISTRIBUTORS, L.P. AND TIAA-CREF LIFE INSURANCE COMPANY
Exhibit (8)(AI)
AMENDMENT TO FUND PARTICIPATION AGREEMENT BETWEEN
DELAWARE VIP TRUST, DELAWARE MANAGEMENT COMPANY,
DELAWARE DISTRIBUTORS, L.P. AND
TIAA-CREF LIFE INSURANCE COMPANY
This Amendment is made this 24th day of July, 2007, by and between Delaware VIP Trust (the “Trust”), Delaware Management Company, a series of Delaware Management Business Trust (the “Adviser”), Delaware Distributors, L.P. (the “Distributor”) and TIAA-CREF Life Insurance Company (the “Company”).
WITNESSETH:
WHEREAS, the Trust, the Adviser, the Distributor and the Company entered into a Fund Participation Agreement dated May 2, 2006 (the “Agreement”); and
WHEREAS, the parties to the Agreement have determined to amend said Agreement to include the funds offered on the Company’s Intelligent Life Flexible Premium Variance Universal Life Policy; and
WHEREAS, the parties desire to memorialize the amendment to the Agreement.
NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, and intending to be legally bound, the Agreement shall be amended as follows:
1. Schedule A to the Agreement is hereby deleted and replaced with a new Schedule A in the form attached hereto.
2. Except as provided herein, the terms and conditions contained in the Agreement shall remain in full force and effect.
[Signature Page Follows]
IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the date set forth above.
TIAA-CREF Life Insurance Company | DELAWARE VIP TRUST | |||||||
By: | By: | |||||||
Name: | Xxxxxxx X. Xxxxx | Name: | ||||||
Title: | Vice President | Title: | ||||||
DELAWARE DISTRIBUTORS, L.P. | DELAWARE MANAGEMENT COMPANY, a series of Delaware Management Business Trust | |||||||
By: | By: | |||||||
Name: | Name: | |||||||
Title: | Title: |
SCHEDULE A
EFFECTIVE JULY 24, 2007
TO THE
FUND PARTICIPATION AGREEMENT DATED MAY 2, 2006 BETWEEN
DELAWARE VIP TRUST, DELAWARE MANAGEMENT COMPANY,
DELAWARE DISTRIBUTORS, L.P. AND
TIAA-CREF LIFE INSURANCE COMPANY
The following Separate Accounts and Associated Contracts of TIAA-CREF Life Insurance Company are permitted in accordance with the provisions of the Participation Agreement to invest in the Designated Funds of the Delaware VIP Trust shown in Schedule B.
NAME OF SEPARATE ACCOUNT: TIAA-CREF Separate Account VLI-1
CONTRACT(S): Intelligent Life Flexible Premium Variable Universal Life Insurance Policy
NAME OF SEPARATE ACCOUNT: TIAA-CREF Separate Account VA-1
CONTRACT(S): Intelligent Variable Annuity Contract