AMENDMENT TO FUND
PARTICIPATION AGREEMENT
AMONG
FIRST AMERICAN INSURANCE PORTFOLIOS, INC.,
U.S. BANCORP ASSET MANAGEMENT, INC.,
and
JEFFERSON NATIONAL LIFE INSURANCE COMPANY
For good and valuable consideration, the receipt of which is hereby
acknowledged, the parties agree to amend the April 25, 2001 Fund
Participation Agreement among First American Insurance Portfolios,
Inc., U.S. Bancorp Asset Management, Inc. ("USBAM") and Jefferson
National Life Insurance Company (formerly known as Conseco Variable
Insurance Company) (the "Insurance Company") as follows:
1. All references to "Conseco Variable Insurance Company" are hereby
changed to "Jefferson National Life Insurance Company", effective May
1, 2003. This change reflects the change in the Company's name from
Conseco Variable Insurance Company to Jefferson National Life
Insurance Company.
2. Schedule A thereto is hereby modified by changing the names of
the existing asset sub-accounts from "Conseco Variable Annuity
Accounts C, E, F, G, H, I" and "Conseco Variable Account L" to
"Jefferson National Life Annuity Accounts C, E, F, G, H, I" and
"Jefferson National Life Account L" to that schedule, which shall read
as follows:
SCHEDULE A
SEPARATE ACCOUNTS AND CONTRACTS
- Jefferson National Life Annuity Account C
- Jefferson National Life Annuity Account E
- Jefferson National Life Annuity Account F
- Jefferson National Life Annuity Account G
- Jefferson National Life Annuity Account H
- Jefferson National Life Annuity Account I
-Jefferson National Life Account L
3. If USBAM provides the Insurance Company with materially incorrect
share net asset value information, the Separate Account(s) shall be
entitled to an adjustment to the number of shares purchased or
redeemed to reflect the correct share net asset value. Any material
error in the calculation of the net asset value per share, dividend or
capital gain information shall be reported promptly upon discovery to
the Insurance Company. Furthermore, USBAM shall be liable for the
reasonable administrative costs incurred by the Insurance Company in
relation to the correction of any material error, provided such error
is attributable to USBAM. Administrative costs shall include
reasonable allocation of staff time, costs of outside service
providers, printing and postage. Non-material errors will be corrected
in the next Business Day's net asset value per share.
4. All other terms of the Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to
be executed in its name and on its behalf by its duly authorized representative
as of this date, July _________ 2003.
FIRST AMERICAN INSURANCE PORTFOLIOS, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Vice President
U.S. BANCORP ASSET MANAGEMENT, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Name: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Senior Vice President
JEFFERSON NATIONAL LIFE INSURANCE COMPANY
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: General Counsel