EXHIBIT 1.A(8)(B)(VII)
FIFTH AMENDMENT TO PARTICIPATION AGREEMENT
THIS AGREEMENT is made by and among Security Life of Denver Insurance
Company, a life insurance company organized under the laws of the State of
Colorado (the "Insurance Company"), Variable Insurance Products Fund, an
unincorporated business trust organized under the laws of the Commonwealth of
Massachusetts (the "Fund"), and Fidelity Distributors Corporation, a
Massachusetts corporation (the "Underwriter") (collectively, the "Parties").
WHEREAS, the Parties executed a participation agreement dated August
10, 1994 (the "Participation Agreement"), governing how shares of the Fund's
portfolios are to be made available to certain variable life insurance and/or
variable annuity contracts (the "Contracts") offered by the Insurance Company
through certain separate accounts (the "Separate Accounts");
WHEREAS, the various Contracts for which shares are purchased are
listed in Schedule A of the Participation Agreement;
WHEREAS, the Parties have agreed that it is in their interests to add
an additional Contract funded by the Separate Accounts;
NOW, THEREFORE, in consideration of their mutual promises, the
Insurance Company, the Fund and the Underwriter agree as follows:
1. The Participation Agreement is hereby amended by substituting for
the original Schedule A an amended Schedule A in the form attached hereto which
adds the Corporate Benefits Variable Universal Life policy to the list of
Contracts funded by the Separate Accounts.
Executed this 1st day of December, 1999.
Security Life of Denver Insurance Company Variable Insurance Products Fund
BY: /s/ Xxxx X. Xxxxxxxx BY: /s/ Xxxxxx X. Xxxxx
------------------------------------- ------------------------------
Xxxx X. Xxxxxxxx Xxxxxx X. Xxxxx
Vice President, General Counsel Senior Vice President
and Corporate Secretary
Fidelity Distributors Corporation
BY: /s/ Xxxxx X. Xxxxx
Xxxxx X. Xxxxx
Vice President
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Schedule A
Separate Accounts and Associated Contracts
Name of Separate Account and Contracts Funded
Date Established by Board of Directors By Separate Account
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Security Life Separate Account Al o The Exchequer Variable Annuity
(November 3, 1993) (Flexible Premium Deferred
Combination Fixed and Variable
Annuity Contract)
Security Life Separate Account Ll o First Line (Flexible Premium
(November 3, 1993) Variable Life Insurance Policy)
o Strategic Advantage Variable
Universal Life (Flexible Premium
Variable Universal Life
Insurance Policy)
o FirstLine II Variable Universal
Life (Flexible Premium Variable
Life Insurance Policy)
o Strategic Advantage II Variable
Universal Life (Flexible Premium
Variable Life Insurance)
o Variable Survivorship Universal
Life (Flexible Premium Variable
Life Insurance)
o Corporate Benefits Variable
Universal Life (Flexible Premium
Variable Life Insurance)
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