AMENDMENT TO PROTECTIVE LIFE INSURANCE COMPANY PARTICIPATION AGREEMENT
AMENDMENT TO PROTECTIVE LIFE INSURANCE COMPANY
Protective Life Insurance Company, Investment Distributors, Inc., Franklin ▇▇▇▇▇▇▇▇▇ Variable Insurance Product Trust (only on behalf of each Portfolio listed on Schedule C), and Franklin/▇▇▇▇▇▇▇▇▇ Distributors, Inc., hereby amend the Participation Agreement (“Agreement”) dated November 30th, 2020, as amended, by doing the following:
- Schedule B. Schedule B of the Agreement is hereby deleted in its entirety and replaced with the attached Schedule B.
- Schedule C. Schedule C of the Agreement is hereby deleted in its entirety and replaced with the attached Schedule C.
- Except as modified and amended hereby, the Agreement is hereby ratified and confirmed in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the parties have hereto affixed their respective authorized signatures,
intending that this Amendment be effective as of the 31st day of March, 2021.
The Trust:
Franklin ▇▇▇▇▇▇▇▇▇ Variable Insurance Products Trust
Only on behalf of each
Portfolio listed on
Schedule C hereof.
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇
Name:
Title:
The Underwriter:
Franklin/▇▇▇▇▇▇▇▇▇ Distributors, Inc.
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇
Name:
Title:
The Company:
Protective Life Insurance Company
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇
Name: ▇▇▇▇▇ ▇▇▇▇▇▇
Title: Chief Product Officer – Retirement Division
Distributor for the Company:
Investment Distributors, Inc.
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇
Name: ▇▇▇▇▇ ▇ ▇▇▇▇▇
Title: VP, Operations
Schedule B
Accounts of the Company
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Name of Account
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SEC Registration Yes/No
|
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Yes
|
|
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Protective COLI VUL Separate Account
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Yes
|
|
Protective COLI PPVUL Separate Account
Protective Variable Annuity Separate Account
Protective Variable Life Separate Account
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No
Yes
Yes
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Schedule C
Available Portfolios and Classes of Shares of the Trust
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Class/Funds of the Trust
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Class of Shares
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|
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Franklin Flex Cap Growth VIP Fund
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Class 2
|
|
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2.
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Franklin Strategic Income VIP
|
Class 2
|
|
3.
|
▇▇▇▇▇▇▇▇▇ Global Bond VIP
|
Class 2
|
|
4.
|
Franklin Income VIP
|
Class 2
|
|
5.
|
Franklin Rising Dividends VIP
|
Class 2
|
|
6.
|
▇▇▇▇▇▇▇▇▇ Developing Markets VIP Fund
|
Class 2
|
|
7.
|
Franklin Small Mid Cap Growth VIP
|
Class 2
|
|
8.
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Franklin Small Cap Value VIP
|
Class 2
|
|
9.
|
Franklin US Government Securities VIP
|
Class 2
|
|
10.
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▇▇▇▇▇▇▇▇▇ Foreign VIP Fund
|
Class 2
|
|
11.
|
▇▇▇▇▇▇▇▇▇ Growth VIP Fund
|
Class 2
|
|
12.
|
Franklin Mutual Shares VIP Fund
|
Class 2
|
|
13.
|
Franklin Growth and Income VIP Fund
|
Class 1
|
|
14.
|
Franklin Income VIP Fund
|
Class 1
|
|
15.
|
▇▇▇▇▇▇▇▇▇ Developing Markets VIP Fund
|
Class 1
|
|
16.
|
Franklin Mutual Global Discovery VIP
|
Class 2
|
In addition to portfolios and classes of shares listed above, any additional Portfolios and classes of shares other than Class 3 shares are included in this Schedule C listing provided that:
(1)
the General Counsel of Franklin ▇▇▇▇▇▇▇▇▇ Investments receives from a person authorized by you a written notice in the form attached (which may be electronic mail or sent by electronic mail) (“Notice”) identifying this Agreement as provided in the Notice and specifying: (i) the names and classes of shares of additional Portfolios that you propose to offer as investment options of the Separate Accounts under the Contracts; and (ii) the date that you propose to begin offering Separate Account interests investing in the additional Portfolios under the Contracts; and
(2)
we do not within ten (10) Business Days following receipt of the Notice send you a writing (which may be electronic mail) objecting to your offering such Separate Accounts investing in the additional Portfolios and classes of shares under the Contracts.
Provided that we do not object as provided above, your Notice shall amend, supplement and become a part of this Schedule C and the Agreement.
Form of Notice Pursuant to Schedule C of Participation Agreement
To:
General Counsel c/o
▇▇▇▇ ▇▇▇▇▇▇▇▇ (▇▇▇▇▇.▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇) or
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ (▇▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇)
Franklin ▇▇▇▇▇▇▇▇▇ Investments
▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇,
▇▇▇▇. ▇▇▇, ▇▇▇ ▇▇▇▇▇
▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇
With respect to the following agreement(s) (altogether, the “Agreement”)
(please reproduce and complete table for multiple agreements):
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Date of Participation Agreement:
|
|
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Insurance Company(ies):
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Insurance Company Distributor(s):
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As provided by Schedule C of the Agreement, this Notice proposes to Franklin ▇▇▇▇▇▇▇▇▇ Variable Insurance Products Trust, and Franklin/▇▇▇▇▇▇▇▇▇ Distributors, Inc. the addition as of the offering date(s) listed below of the following Portfolios as additional investment options listed on Schedule C:
|
Names and Classes of Shares of Additional Portfolios
Listing of current classes for your reference:
Class 1 (no 12b-1 fee);
Class 2 (12b-1 fee of 25 bps);
Class 4 (12b-1 fee of 35 bps); or
Class 5 (12b-1 fee of 10 bps).
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Offering Date(s)
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Name and title of authorized person of insurance company:
Contact Information: