EXHIBIT (8)(b)(1)
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AMENDMENT NO. 12 TO PARTICIPATION AGREEMENT
ADDENDUM NO. 12 TO
PARTICIPATION AGREEMENT
AMONG
WRL SERIES FUND, INC.,
PFL LIFE INSURANCE COMPANY,
AUSA LIFE INSURANCE COMPANY, INC.,
AND PEOPLES BENEFIT LIFE INSURANCE COMPANY
Amendment No. 12 to the Participation Agreement among WRL Series Fund,
Inc., (the "Fund"), PFL Life Insurance Company ("PFL"), AUSA Life Insurance
Company, Inc. ("AUSA"), and Peoples Benefit Life Insurance Company ("Peoples")
dated July 1, 1992, as amended ("Participation Agreement").
WHEREAS, PFL has established PFL Life Variable Annuity Account C and PFL
Life Variable Annuity Account D, separate accounts for purposes of selling
variable annuity products, which are to be funded in part by the WRL Series
Fund, Inc.
NOW, THEREFORE, IT IS HEREBY AGREED that PFL, through its separate
accounts, PFL Life Variable Annuity Account C and PFL Life Variable Annuity
Account D, is authorized to acquire shares issued by WRL Series Fund, Inc.,
subject to the terms and conditions of the Participation Agreement.
IN WITNESS WHEREOF, each of the parties has caused this Addendum to be
executed in its name and on its behalf by its duly authorized representative as
of September 27, 1999.
PFL LIFE INSURANCE COMPANY WRL SERIES FUND, INC.
By its authorized officer By its authorized officer
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: President Title: Vice President, Secretary and
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Associate General Counsel
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AUSA LIFE INSURANCE PEOPLES BENEFIT LIFE
COMPANY, INC. INSURANCE COMPANY
By its authorized officer By its authorized officer
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇ ▇. ▇▇▇▇
Title: Vice President Title: Vice President and
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Division General Counsel
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AMENDED
SCHEDULE A
Effective September 27, 1999
Account(s), Policy(ies) and Portfolio(s)
Subject to the Participation Agreement
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Account(s): PFL Endeavor Variable Annuity Account
PFL Endeavor Platinum Variable Annuity Account
Mutual Fund Account
PFL Life Variable Annuity Account A
PFL Life Variable Annuity Account C
PFL Life Variable Annuity Account D
PFL Retirement Builder Variable Annuity Account
AUSA Life Insurance Company, Inc. Separate Account C
Peoples Benefit Life Insurance Company Separate Account V
Legacy Builder Variable Life Separate Account
AUSA Series Life Account
Policy(ies): PFL Endeavor Variable Annuity
PFL Endeavor Platinum Variable Annuity
AUSA Endeavor Variable Annuity
Atlas Portfolio Builder Variable Annuity
Extra Variable Annuity
Access Variable Annuity
Retirement Income Builder II Variable Annuity
AUSA & Peoples - Advisor's Edge Variable Annuity
Peoples - Advisor's Edge Select Variable Annuity
Legacy Builder II
Legacy Builder Plus
AUSA Freedom Financial Builder
Portfolio(s): WRL Series Fund, Inc.
WRL Janus Growth
WRL AEGON Bond
WRL ▇.▇. ▇▇▇▇▇▇ Money Market
WRL Janus Global
WRL LKCM Strategic Total Return
WRL VKAM Emerging Growth
WRL ▇▇▇▇▇ Aggressive Growth
WRL AEGON Balanced
WRL Federated Growth & Income
WRL C.A.S.E. Growth
WRL NWQ Value Equity
WRL GE/Scottish Equitable International Equity
WRL GE U.S. Equity
WRL ▇.▇. ▇▇▇▇▇▇ Real Estate Securities
WRL ▇. ▇▇▇▇ Price Dividend Growth
WRL ▇. ▇▇▇▇ Price Small Cap
WRL ▇▇▇▇▇▇▇ ▇▇▇▇▇ Growth
WRL ▇▇▇▇▇▇▇ Sachs Small Cap
WRL Pilgrim ▇▇▇▇▇▇ Mid Cap Growth
WRL Salomon All Cap
WRL Dreyfus Mid Cap
WRL Third Avenue Value
WRL ▇▇▇▇ Asset Allocation