AMENDMENT 8 TO PARTICIPATION AGREEMENT
Effective January 1, 2012 the Participation Agreement made and entered into as
of the 20th day of February, 1997, as amended, by and among CUNA Mutual
Insurance Society ("CMIS"), ▇▇▇▇▇▇▇▇▇▇▇ Variable Account Funds (the "Funds"),
Panorama Series Funds, Inc. (the "Panorama Fund") and OppenheimerFunds, Inc.
(the "Fund Party") is hereby amended as follows:
1. The following is hereby added as a new section 1.7 to the Agreement.
1.7 CMIS may appoint a third-party service provider, from time to time, to
provide certain transactional services relating to Accounts under this
Agreement. Such transactional services may include receiving, collecting,
transmitting, purchasing, exchanging and redeeming orders of mutual fund shares
on CMIS' behalf, in connection with the Agreement. Fund Party acknowledges CMIS
use of a third-party service provider as described in this Amendment. CMIS
acknowledges that it shall be liable for the performance of all duties and
obligations under the Agreement regardless of whether such duties or obligations
are performed directly by CMIS or through a third-party service provider,
including but not limited to, the actions or inactions of any third party
service provider.
All other terms and provisions of the Agreement not amended herein shall remain
in full force and effect.
(REMAINDER OF PAGE LEFT BLANK SIGNATURE PAGE FOLLOWS)
1
IN WITNESS WHEREOF, each of the parties has caused this Amendment to the
Participation to be executed in its name and on its behalf by its duly
authorized representative.
▇▇▇▇▇▇▇▇▇▇▇ VARIABLE ACCOUNT FUNDS CUNA MUTUAL INSURANCE SOCIETY
By its authorized officer, By its authorized officer,
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇. ▇▇▇▇
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Title: Treasurer Title: SVP
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Date: 1/17/12 Date: 1-24-12
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▇▇▇▇▇▇▇▇▇▇▇ FUNDS, INC.
By its authorized officer,
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇▇▇▇▇
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Title: SVP Client Service & Administration
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Date: 1-17-12
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PANORAMA SERIES FUND, INC.
By its authorized officer,
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Title: Treasurer
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Date: 1-17-12
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SCHEDULE 1
CUNA MUTUAL INSURANCE SOCIETY SEPARATE ACCOUNTS
CUNA Mutual Variable Life Insurance Account
CUNA Mutual Group Variable Annuity Account
CUNA Mutual Variable Annuity Account
SCHEDULE 2
CUNA MUTUAL INSURANCE SOCIETY CONTRACTS
COVERED BY SEPARATE ACCOUNTS LISTED ON SCHEDULE 1
CUNA Mutual Variable Annuity Account
MEMBERS Variable Annuity Product
MEMBERS Variable Annuity I Product
MEMBERS Variable Annuity II Product
MEMBERS Variable Annuity III Product
MEMBERS Choice Variable Annuity Product
CUNA Mutual Variable Life Insurance Account
MEMBERS Variable Universal Life Product
MEMBERS Variable Universal Life II Product
CUNA Mutual Group Variable Annuity Account
UltraSaver Group Annuity Product
CU Pension Saver Group Annuity Product
CU Ultra Saver Group Annuity Product
CU Select Pension Saver Group Annuity Product
SCHEDULE 3
▇▇▇▇▇▇▇▇▇▇▇ VARIABLE ACCOUNT FUND PORTFOLIOS
▇▇▇▇▇▇▇▇▇▇▇ High Income Fund/VA
▇▇▇▇▇▇▇▇▇▇▇ Capital Appreciation Fund/VA
▇▇▇▇▇▇▇▇▇▇▇ Capital Appreciation Fund/VA
▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇(▇)/▇▇
▇▇▇▇▇▇▇▇▇▇▇ Main Street(R)/VA
▇▇▇▇▇▇▇▇▇▇▇ Main Street Small Cap Fund(R)/VA
▇▇▇▇▇▇▇▇▇▇▇ Main Street Small Cap Fund(R)/VA
PANORAMA SERIES FUND, INC. PORTFOLIOS
▇▇▇▇▇▇▇▇▇▇▇ International Growth Fund/VA
▇▇▇▇▇▇▇▇▇▇▇ International Growth Funds/VA
