EXHIBIT 10.15
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 ▇▇▇▇▇▇▇ & ▇▇▇▇, 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/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Its: President
▇▇▇▇▇▇▇ & ▇▇▇▇, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Its: President
