EX-99.8(H)(2) 3 d268518dex998h2.htm PARTICIPATION AGREEMENT AMENDMENT NO. 2 Participation Agreement Amendment No. 2

EXHIBIT (8)(h)(2)

PARTICIPATION AGREEMENT AMENDMENT NO. 2

VANGUARD AND MONUMENTAL LIFE INSURANCE COMPANY


SECOND AMENDMENT TO PARTICIPATION AGREEMENT

This Second Amendment to Participation Agreement is dated and effective as of November 4, 2011, by and among Vanguard Variable Insurance Fund (hereinafter the “Fund”), The Vanguard Group, Inc. (hereinafter “Sponsor”), Vanguard Marketing Corporation (hereinafter “Distributor”), and Monumental Life Insurance Company (hereinafter the “Company”). Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Agreement.

WHEREAS, the parties hereto have entered into a Participation Agreement dated June 30, 2010, as amended (the “Agreement”), and desire to modify certain provisions of the Agreement;

NOW, THEREFORE, in consideration of their mutual promises, the parties do hereby agree as follows:

1. Amendment to Schedule B. Schedule B of the Agreement is hereby deleted in its entirety and replaced with the revised Schedule B attached to this Second Amendment.

2. No Other Modifications. Except as specifically modified herein, the Agreement remains in full force and effect in accordance with its terms. All references in the Agreement to the “Agreement” shall be deemed to be references to the Agreement as amended hereby. In the event of a conflict between the Agreement and this Second Amendment, it is understood and agreed that the provisions of this Second Amendment shall control.

6. Counterparts. This Second Amendment may be executed in any number of counterparts and/or by facsimile, each of which shall be deemed to be an original agreement but such counterparts shall together constitute one and the same instrument.

(Signatures on following page)


IN WITNESS WHEREOF, each of the parties hereto has caused this Second Amendment to be executed in its name and on its behalf by its duly authorized representative as of the date specified above.

 

VANGUARD VARIABLE INSURANCE FUND     THE VANGUARD GROUP, INC.
By:  

/s/ Heidi Stam

    By:  

/s/ Timothy P. Holmes

Name:   Heidi Stam     Name:   Timothy P. Holmes.
Title:   Secretary     Title:   Principal
VANGUARD MARKETING CORPORATION     MONUMENTAL LIFE INSURANCE COMPANY
By:  

/s/ Michael Kimmel

    By:  

/s/ Anne M. Spaes

Name:   Michael Kimmel     Name:   Anne M. Spaes
Title:   Secretary     Title:   Vice President


SCHEDULE B

LARGE TRANSACTION AMOUNTS

 

Portfolio

   Large Transaction Amount  
Money Market Portfolio    $ 3,000,000   

Total Bond Market Index Portfolio

   $ 750,000   

Total Stock Market Index Portfolio

   $ 500,000   

High-Yield Bond Portfolio

   $ 500,000   

Short-Term Investment-Grade Portfolio

   $ 1,000,000   

Balanced Portfolio

   $ 1,000,000   

Diversified Value Portfolio

   $ 1,000,000   

Equity Income Portfolio

   $ 500,000   

Equity Index Portfolio

   $ 500,000   

Growth Portfolio

   $ 500,000   

Mid-Cap Index Portfolio

   $ 100,000   

REIT Index Portfolio

   $ 100,000   

Small Company Growth Portfolio

   $ 1,000,000   

International Portfolio

   $ 1,000,000   

Capital Growth Portfolio

   $ 250,000   

Conservative Allocation Portfolio

   $ 25,000   

Moderate Allocation Portfolio

   $ 25,000