Exhibit (8)(g)(1)
Amendment No. 1 to Participation Agreement
(Franklin ▇▇▇▇▇▇▇▇▇)
Amendment No. 1 to the
Participation Agreement
Franklin ▇▇▇▇▇▇▇▇▇ Variable Insurance Products Trust
Franklin ▇▇▇▇▇▇▇▇▇ Distributors, Inc.
PFL Life Insurance Company
This Amendment No. 1 is incorporated in and made a part of the
Participation Agreement (the "Agreement") made as of the 1st day of May, 2000,
by and among Franklin ▇▇▇▇▇▇▇▇▇ Variable Insurance Products Trust (the "Trust"),
Franklin ▇▇▇▇▇▇▇▇▇ Distributors, Inc. (the "Underwriter"), and PFL Life
Insurance Company (the "Company"). All terms used that are not defined in this
Amendment shall have the same meanings as the same terms used in the Agreement.
1. The name of the Company is changed from "PFL Life Insurance Company"
to "Transamerica Life Insurance Company." All references in the Agreement to PFL
Life Insurance Company shall refer to Transamerica Life Insurance Company;
2. Schedule A of the Agreement is hereby deleted in its entirety and
replaced with the following:
Schedule A
The Company
Transamerica Life Insurance Company
▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇.▇.
▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇
A life insurance company organized as a corporation under Iowa law.
3. Schedule B of the Agreement is hereby deleted in its entirety and
replaced with the following:
Schedule B
Accounts of the Company
1. Name: Retirement Builder Variable Annuity Account
Date Established: March 29, 1996
SEC Registration Number: 811-07689
2. Name: Separate Account VA I
Date Established May 15,2000
SEC Registration Number: 811-10147
4. Schedule C of the Agreement is hereby deleted in its entirety and
replaced with the following:
Schedule C
Available Portfolios and Classes of Shares of the Trust; Investment Advisers
Franklin ▇▇▇▇▇▇▇▇▇ Variable Insurance
Products Trust Investment Adviser
-------------------------------------------- ---------------------------------
Templeton Asset Strategy Fund Class 2 ▇▇▇▇▇▇▇▇▇ Investment Counsel LLC
▇▇▇▇▇▇▇▇▇ International Securities Fund
Class 2 ▇▇▇▇▇▇▇▇▇ Investment Counsel LLC
Franklin Small Cap Fund Class 2 Franklin Advisers, Inc.
Franklin Growth and Income Fund Class 2 Franklin Advisers, Inc.
Franklin Income Fund Class 2 Franklin Advisers, Inc.
Templeton Developing Markets Securities Fund
Class 2 ▇▇▇▇▇▇▇▇▇ Asset Management Ltd.
5. Schedule D of the Agreement is hereby deleted in its entirety and
replaced with the following:
Schedule D
Contracts of the Company
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Contract 1 Contract 2
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Contract/Product Name Portfolio Select Principal-Plus
Variable Annuity Variable Annuity
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Registered (Y/N) Yes Yes
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SEC Registration 333-07509 333-46594
Number
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Representative Form AV288 101 95 796 AV 288 101 95 796
Numbers (may vary by state) (may vary by state)
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Separate Account Name/ Retirement Builder Separate Account VA I
Date Established Variable Annuity Account
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SEC Registration 811-07689 811-10147
Number
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Portfolios and Franklin Small Cap Fund Franklin Growth and
Classes - Adviser Class 2 - Franklin Income Fund Class 2 -
Advisers, Inc. Franklin Advisers, Inc.
Templeton Asset Strategy Franklin Income Fund
Fund Class 2 - Templeton Class 2 - Franklin
Investment Counsel LLC Advisers, Inc.
▇▇▇▇▇▇▇▇▇ International Franklin Small Cap Fund
Securities Fund Class 2 - Class 2 - Franklin
▇▇▇▇▇▇▇▇▇ Investment Advisers, Inc.
Counsel LLC
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Templeton Developing ▇▇▇▇▇▇▇▇▇ International
Markets Securities Fund Securities Fund
Class 2 - Templeton Asset Class 2 - Templeton
Management Ltd. Investment Counsel LLC
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6. Schedule E of the Agreement is hereby deleted in its entirety and
replaced with the following:
Schedule E
Other Portfolios Available under the Contracts
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Portfolio Select Variable Annuity/SM/
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AIM Variable Insurance Funds ▇▇▇▇▇▇▇▇▇▇▇ Variable Account Funds
AIM V.I. Capital Appreciation Fund ▇▇▇▇▇▇▇▇▇▇▇ Capital Appreciation Fund/VA
AIM V.I. Growth and Income Fund ▇▇▇▇▇▇▇▇▇▇▇ Main Street Growth & Income
AIM V.I. International Equity Fund Fund/VA
AIM V.I. Value Fund ▇▇▇▇▇▇▇▇▇▇▇ Multiple Strategies Fund/VA
AIM V.I. Dent Demographic Trends Fund ▇▇▇▇▇▇▇▇▇▇▇ Strategic Bond Fund/VA
▇▇▇▇▇▇ Variable Trust - Class IB Shares
Alliance Variable Products Series ▇▇▇▇▇▇ VT Global Growth Fund
Fund, Inc. - Class B ▇▇▇▇▇▇ VT Growth and Income Fund
Alliance Premier Growth Portfolio ▇▇▇▇▇▇ VT Growth Opportunities Fund
Alliance Technology Portfolio ▇▇▇▇▇▇ VT Money Market Fund
▇▇▇▇▇▇ VT New Value Fund
▇▇▇▇▇ Variable Account Fund, Inc.
▇▇▇▇▇ Value Portfolio Variable Insurance Products Fund
(VIP) - Service Class
Evergreen Variable Trust Fidelity - VIP High Income Portfolio
Evergreen VA Fund
Evergreen VA Foundation Fund Variable Insurance Products Fund
Evergreen VA Global Leaders Fund (VIP) - Service Class 2
Evergreen VA Growth and Income Fund Fidelity - VIP Equity-Income Portfolio
Evergreen VA Blue Chip Fund Fidelity - VIP Growth Portfolio
Evergreen VA International Growth Fund
Evergreen VA Omega Fund Variable Insurance Products Fund II
Evergreen VA Capital Growth Fund (VIP II) - Initial Class
Evergreen VA Growth Fund Fidelity - VIP II Index 500 Portfolio
Evergreen VA High Income Fund Fidelity - VIP II Investment Grade Bond
Portfolio
Federated Insurance Series Variable Insurance Products Fund III
Federated American Leaders Fund II (VIP III) - Service Class
Federated High Income Bond Fund II Fidelity - VIP III Growth Opportunities
Portfolio
MFS(R) Variable Insurance Trust/SM/
MFS Emerging Growth Series
MFS Research Series
MFS Total Return Series
MFS Utilities Series
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Principal-Plus Variable Annuity
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AIM Variable Insurance
Funds - Series II Shares ▇▇▇▇▇▇▇▇▇▇▇ Variable Account
AIM V.I. Blue Chip Fund Funds - Service Shares
AIM V.I. Capital Appreciation Fund ▇▇▇▇▇▇▇▇▇▇▇ Capital Appreciation
AIM V.I. Value Fund Fund/VA
▇▇▇▇▇▇▇▇▇▇▇ Global Securities Fund/VA
▇▇▇▇▇▇▇▇▇▇▇ Main Street Growth &
Income Fund/VA
Federated Insurance Series
Federated Prime Money Fund II ▇▇▇▇▇▇ Variable Trust - Class IB
Shares
▇▇▇▇▇▇ VT Diversified Income Fund
First American Insurance ▇▇▇▇▇▇ VT Growth and Income Fund
Portfolios, Inc. - Class IB Shares ▇▇▇▇▇▇ VT Income Fund
First American Large Cap Growth Portfolio ▇▇▇▇▇▇ VT Investors Fund
First American Mid Cap Growth Portfolio ▇▇▇▇▇▇ VT New Value Fund
First American Small Cap Growth Portfolio ▇▇▇▇▇▇ VT The ▇▇▇▇▇▇ ▇▇▇▇▇▇ Fund of
First American Technology Portfolio Boston
MBS(R) Variable Insurance
Trust/SM/ - Service Shares
MFS Investors Growth Stock Series
MFS Research Series
MFS Total Return Series
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7. Schedule F of the Agreement is hereby amended and the following two
sections are replaced as follows:
Schedule F
Rule 12b-1 Plans
Portfolio Name Maximum Annual Payment Rate
--------------------------------------------- ---------------------------
Franklin Growth and Income Fund 0.25%
Franklin Income Fund 0.25%
Franklin Small Cap Fund 0.25%
Templeton Asset Strategy Fund 0.25%
▇▇▇▇▇▇▇▇▇ International Securities Fund 0.25%
Templeton Developing Markets Securities Fund 0.25%
8. Schedule G of the Agreement is hereby amended and the following
section is replaced as follows:
Schedule G
Addresses for Notices
To the Company: Transamerica Life Insurance Company
▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇.▇.
▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇
Attention: ▇▇▇▇▇ ▇. ▇▇▇▇, Esq.
IN WITNESS WHEREOF, each of the parties have caused their duly authorized
officers to execute this Agreement as of October 1,2001:
The Company: Transamerica Life Insurance Company
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: President
The Trust: Franklin ▇▇▇▇▇▇▇▇▇ Variable Insurance
Only on behalf of each Products Trust
Portfolio listed on
Schedule C hereof. By: /s/
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Name:
Title:
The Underwriter: Franklin ▇▇▇▇▇▇▇▇▇ Distributors, Inc.
By: /s/
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Name:
Title:
