EXHIBIT 99.8(q)(v)
AMENDMENT NO. 5 TO PARTICIPATION AGREEMENT
by and among
Franklin Xxxxxxxxx Variable Insurance Products Trust
Franklin/Xxxxxxxxx Distributors, Inc.
Minnesota Life Insurance Company
Securian Financial Services, Inc.
Franklin Xxxxxxxxx Variable Insurance Products Trust (the "Trust"),
Franklin/Xxxxxxxxx Distributors, Inc. (the "Underwriter," and together with the
Trust, "we" or "us") and Minnesota Life Insurance Company ("you") and Securian
Financial Services, Inc., ("Distributor"), on your behalf and on behalf of
certain Accounts, have previously entered into a Participation Agreement dated
as of May 1, 2000 (the "Agreement"). The parties now desire to amend the
Agreement in this amendment (the "Amendment").
Except as modified hereby, all other terms and conditions of the Agreement
shall remain in full force and effect. Unless otherwise indicated, the terms
defined in the Agreement shall have the same meaning in this Amendment.
AMENDMENT
For good and valuable consideration, the receipt of which is hereby
acknowledged, the parties agree to amend the Agreement as follows:
1. Schedule D of the Agreement is superceded and replaced in its entirety by the
Schedule D attached hereto; and
2. All other terms and provisions of the Agreement not amended herein shall
remain in full force and effect.
This Amendment is executed effective as of October 1, 2006.
1
IN WITNESS WHEREOF, each of the parties has caused its duly authorized officers
to execute this Amendment.
The Company: MINNESOTA LIFE INSURANCE COMPANY
By:
----------------------------------
Name: Xxxxxx X. Xxxxx
Title: Vice President
The Distributor: SECURIAN FINANCIAL SERVICES, INC.
By:
----------------------------------
Name: Xxxxxx X. Xxxxxxxx
Title: President and Chief Executive
Officer
The Trust: FRANKLIN XXXXXXXXX VARIABLE
INSURANCE PRODUCTS TRUST
By:
----------------------------------
Name:
Title:
The Underwriter: FRANKLIN/XXXXXXXXX DISTRIBUTORS, INC.
By:
----------------------------------
Name:
Title:
2
SCHEDULE D
(AS AMENDED OCTOBER 1, 2006)
CONTRACTS OF THE COMPANY
PRODUCT NAME SEPARATE ACCOUNT NAME
REGISTERED Y/N REGISTERED Y/N
# 1933 ACT #, STATE FORM ID 1940 ACT # CLASSES OF SHARES AND PORTFOLIOS
-----------------------------------------------------------------------------------------------------------
01 MultiOption Flex/Single Variable Annuity Account CLASS 2 SHARES:
Annuity Yes Franklin Small Cap Fund
Yes 811-4294 Xxxxxxxxx Developing Markets Securities Fund
2-97564 Xxxxxxxxx Global Asset Allocation Fund
84-9091
02 MultiOption Select Annuity Variable Annuity Account CLASS 2 SHARES:
Yes Yes Franklin Small Cap Fund
33-80733 811-4294 Xxxxxxxxx Developing Markets Securities Fund
MHC 92-9307 Xxxxxxxxx Global Asset Allocation Fund
03 MegAnnuity Variable Annuity Account CLASS 2 SHARES:
Yes Yes Franklin Small Cap Fund
33-12333 811-4294 Xxxxxxxxx Developing Markets Securities Fund
87-9254 Xxxxxxxxx Global Asset Allocation Fund
04 MultiOption Achiever Annuity Variable Annuity Account CLASS 2 SHARES:
Yes Yes Franklin Small Cap Fund
333-79049 811-4294 Franklin Large Cap Growth Securities Fund
99-70017 Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Global Asset Allocation Fund
05 MultiOption Classic Annuity Variable Annuity Account CLASS 2 SHARES:
Yes Yes Franklin Small Cap Fund
333-79069 811-4294 Franklin Large Cap Growth Securities Fund
99-70016 Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Global Asset Allocation Fund
06 MultiOption Advisor Annuity Variable Annuity Account CLASS 2 SHARES:
Yes Yes Franklin Small Cap Fund
333-91784 811-4294 Franklin Large Cap Growth Securities Fund
02-70067 Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
07 MultiOption Legend Annuity Variable Annuity Account CLASS 2 SHARES:
Yes Yes Franklin Small Cap Fund
333-136242 811-4294 Franklin Large Cap Growth Securities Fund
06-70139 Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
08 TBA Variable Annuity - Variable Annuity Account CLASS 2 SHARES:
June 2007 Yes Franklin Small Cap Fund
Not yet 811-4294 Franklin Large Cap Growth Securities Fund
N/A Mutual Shares Securities Fund
N/A Xxxxxxxxx Developing Markets Securities Fund
D-1
PRODUCT NAME SEPARATE ACCOUNT NAME
REGISTERED Y/N REGISTERED Y/N
# 1933 ACT #, STATE FORM ID 1940 ACT # CLASSES OF SHARES AND PORTFOLIOS
-----------------------------------------------------------------------------------------------------------
09 Variable Adjustable Life Minnesota Life Variable CLASS 2 SHARES:
Yes Account Franklin Small Cap Fund
33-3233 Yes Franklin Large Cap Growth Securities Fund
99-680 811-4585 Mutual Shares Securities Fund
Xxxxxxxxx Global Asset Allocation Fund
Xxxxxxxxx Developing Markets Securities Fund
10 Variable Adjustable Life Minnesota Life Variable CLASS 2 SHARES:
Second Death Account Franklin Small Cap Fund
Yes Yes Franklin Large Cap Growth Securities Fund
33-64395 811-4585 Mutual Shares Securities Fund
MHC 98-690 Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Global Asset Allocation Fund
11 Variable Adjustable Life-- Minnesota Life Variable CLASS 2 SHARES:
Horizon Account Franklin Small Cap Fund
Yes Yes Franklin Large Cap Growth Securities Fund
333-96383 811-4585 Mutual Shares Securities Fund
99-680 Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Global Asset Allocation Fund
12 Variable Adjustable Life Minnesota Life Variable CLASS 2 SHARES:
Summit Life Account Franklin Small Cap Fund
Yes Yes Franklin Large Cap Growth Securities Fund
333-109853 811-4585 Mutual Shares Securities Fund
03-640 Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Global Asset Allocation Fund
13 Variable Adjustable Life Minnesota Life Variable CLASS 2 SHARES:
Survivor Life Account Franklin Small Cap Fund
Yes Yes Franklin Large Cap Growth Securities Fund
333-120704 811-4585 Mutual Shares Securities Fund
04-690 Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Global Asset Allocation Fund
D-2