EX-99.(8)(H)(2) 2 d437895dex998h2.htm EXHIBIT (8)(H)(2) EXHIBIT (8)(H)(2)

Amendment No. 2 to

Administrative Services Agreement

Franklin Templeton Services, LLC

Pacific Life Insurance Company

THIS AMENDMENT is made by and between Franklin Templeton Services, LLC (the “Fund Administrator”) and Pacific Life Insurance Company (the “Company”).

WHEREAS, The Company and the Fund Administrator have entered into an Administrative Services Agreement, dated as of March 17, 2008, as may be amended from time to time (the “Agreement”), concerning certain administrative services with respect to each series (“Fund” or “Funds”) of Franklin Templeton Variable Insurance Products Trust (the “Trust”) listed on the Schedule B of the Agreement;

WHEREAS, the Company and the Fund Administrator wish to amend the Agreement for the purpose of adding certain new Funds and variable life or variable annuity insurance contracts covered by the Agreement.

NOW, THEREFORE, in consideration of past and prospective business relations, the Fund Administrator and the Company hereby amend the Agreement as follows:

1. Schedule B of the Agreement is hereby deleted in its entirety and replaced with the Schedule B attached hereto.

2. All other terms and provisions of the Agreement not amended herein shall remain in full force and effect.

This Amendment is executed as of May 23, 2012.

 

FRANKLIN TEMPLETON SERVICES, LLC     PACIFIC LIFE INSURANCE COMPANY
By:   /s/ Dennis R. Rothe     By:   /s/ Jose T. Miscolta
Name:   Dennis R. Rothe     Name:   Jose T. Miscolta
Title:   Vice President     Title:   Assistant Vice President
      Attest:   /s/ Jane M. Guon
      Name:   Jane M. Guon
      Title:   Corporate Secretary


Schedule B

Administrative Expense Payment

The Fund Administrator agrees to pay the Company a fee, computed daily and paid quarterly in arrears, equal to an annual rate as set forth below, applied to the average daily net assets of the shares of the Funds held in the subaccounts of the Accounts. The payment will be computed and paid in the manner described more completely in the Agreement. Only one fee rate is in effect for each Contract; for each Contract higher fee rates supersede and replace lower fee rates, which are shown for reference only.

 

#

 

Company Name

 

Product Name/

Securities Act No.

 

Funds of the Trust

  Fee
Rate
  Date of
beginning of
period for
computation
of fee

1.

  Pacific Life Insurance Company  

Pacific One Select

033-88458

 

Franklin Templeton VIP Founding Funds Allocation Fund – Class 4

Franklin Templeton VIP Founding Funds Allocation Fund – Class 2

   

2.

  Pacific Life Insurance Company  

Pacific One

033-88458

 

Franklin Templeton VIP Founding Funds Allocation Fund – Class 4

Franklin Templeton VIP Founding Funds Allocation Fund – Class 2

   

3.

  Pacific Life Insurance Company  

Pacific Odyssey

333-53040

 

Franklin Templeton VIP Founding Funds Allocation Fund – Class 4

Franklin Templeton VIP Founding Funds Allocation Fund – Class 2

   

4.

  Pacific Life Insurance Company  

Pacific Innovations Select

333-93059

 

Franklin Templeton VIP Founding Funds Allocation Fund – Class 4

Franklin Templeton VIP Founding Funds Allocation Fund – Class 2

   

5.

  Pacific Life Insurance Company  

Pacific Innovations

333-93059

 

Franklin Templeton VIP Founding Funds Allocation Fund – Class 4

Franklin Templeton VIP Founding Funds Allocation Fund – Class 2

   

6.

  Pacific Life Insurance Company  

Pacific Portfolios

033-88460

 

Franklin Templeton VIP Founding Funds Allocation Fund – Class 4

Franklin Templeton VIP Founding Funds Allocation Fund – Class 2

   

7.

  Pacific Life Insurance Company  

Pacific Portfolios for Chase

033-88460

 

Franklin Templeton VIP Founding Funds Allocation Fund – Class 4

Franklin Templeton VIP Founding Funds Allocation Fund – Class 2

   

 

2


#

 

Company Name

 

Product Name/

Securities Act No.

 

Funds of the Trust

  Fee
Rate
  Date of
beginning of
period for
computation
of fee

8.

  Pacific Life Insurance Company  

Pacific Value

333-60833

 

Franklin Templeton VIP Founding Funds Allocation Fund – Class 4

Franklin Templeton VIP Founding Funds Allocation Fund – Class 2

   

9.

  Pacific Life Insurance Company  

Pacific Voyages

333-136597

 

Franklin Templeton VIP Founding Funds Allocation Fund – Class 4

Franklin Templeton VIP Founding Funds Allocation Fund – Class 2

   

10.

  Pacific Life Insurance Company  

Pacific Explorer

333-141135

 

Franklin Templeton VIP Founding Funds Allocation Fund – Class 4

Franklin Templeton VIP Founding Funds Allocation Fund – Class 2

   

11.

  Pacific Life Insurance Company  

Pacific Journey

333-145822

 

Franklin Templeton VIP Founding Funds Allocation Fund – Class 4

Franklin Templeton VIP Founding Funds Allocation Fund – Class 2

   

12.

  Pacific Life Insurance Company  

Pacific Value Edge

333-148865

 

Franklin Templeton VIP Founding Funds Allocation Fund – Class 4

Franklin Templeton VIP Founding Funds Allocation Fund – Class 2

   

13.

  Pacific Life Insurance Company  

Pacific Select Variable Annuity

033-32704

 

Franklin Templeton VIP Founding Funds Allocation Fund – Class 4

Franklin Templeton VIP Founding Funds Allocation Fund – Class 2

   

14.

  Pacific Life Insurance Company  

Pacific Destinations

333-160772

  Franklin Templeton VIP Founding Funds Allocation Fund – Class 4    
     

Class 2 Shares:

Franklin Templeton VIP Founding Funds Allocation Fund

Mutual Global Discovery Securities Fund

Templeton Global Bond Securities Fund

 

Class 4 Shares:

Franklin Templeton VIP Founding Funds Allocation Fund

   

15.

  Pacific Life Insurance Company  

Pacific Select Exec

033-21754

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

16.

  Pacific Life Insurance Company  

Pacific Select Exec II

333-60461

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

 

3


#

 

Company Name

 

Product Name/

Securities Act No.

 

Funds of the Trust

  Fee
Rate
  Date of
beginning of
period for
computation
of fee

17.

  Pacific Life Insurance Company  

Pacific Select Exec III

333-60461

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

18.

  Pacific Life Insurance Company  

Pacific Select Exec IV

333-150092

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

19.

  Pacific Life Insurance Company  

Pacific Select Exec V

333-150092

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

20.

  Pacific Life Insurance Company  

Pacific Select Exec VI

333-153022

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

21.

  Pacific Life Insurance Company  

Pacific Select Accumulator

333-118913

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

22.

  Pacific Life Insurance Company  

M’s Versatile Product

333-61135

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

23.

  Pacific Life Insurance Company  

M’s Versatile Product VI

333-61135

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

24.

  Pacific Life Insurance Company  

M’s Versatile Product VII

333-152224

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

25.

  Pacific Life Insurance Company  

M’s Versatile Product VIII

333-152224

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

26.

  Pacific Life Insurance Company  

M’s Versatile Product – Survivorship

333-106969

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

 

4


#

 

Company Name

 

Product Name/

Securities Act No.

 

Funds of the Trust

  Fee
Rate
  Date of
beginning of
period for
computation
of fee

27.

  Pacific Life Insurance Company  

M’s Versatile Product - Survivorship II

333-153027

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

28.

  Pacific Life Insurance Company  

Pacific Select Estate Preserver

333-01713

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

29.

  Pacific Life Insurance Company  

Pacific Select Estate Preserver II

333-20355

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

30.

  Pacific Life Insurance Company  

Pacific Select Estate Preserver III

333-01713

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

31.

  Pacific Life Insurance Company  

Pacific Select Estate Preserver IV

333-20355

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

32.

  Pacific Life Insurance Company  

Pacific Select Estate Preserver V

333-65458

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

33.

  Pacific Life Insurance Company  

Pacific Select Estate Preserver VI

333-153022

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

34.

  Pacific Life Insurance Company  

Pacific Select Choice

033-57908

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

35.

  Pacific Life Insurance Company  

Pacific Select Performer 500

333-102902

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

36.

  Pacific Life Insurance Company  

Pacific Select Estate Maximizer

333-14005

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

 

5


#

 

Company Name

 

Product Name/

Securities Act No.

 

Funds of the Trust

  Fee
Rate
  Date of
beginning of
period for
computation
of fee

37.

  Pacific Life Insurance Company  

Pacific COLI Rider

(Not Registered)

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

38.

  Pacific Life Insurance Company  

Pacific COLI

(Not Registered)

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

39.

  Pacific Life Insurance Company  

Pacific COLI II

(Not Registered)

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

40.

  Pacific Life Insurance Company  

Pacific COLI III

(Not Registered)

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

41.

  Pacific Life Insurance Company  

Pacific COLI IV

(Not Registered)

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

42.

  Pacific Life Insurance Company  

Pacific COLI V

(Not Registered)

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

43.

  Pacific Life Insurance Company  

Pacific COLI VI

(Not Registered)

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

44.

  Pacific Life Insurance Company  

Pacific COLI VII

(Not Registered)

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

45.

  Pacific Life Insurance Company  

Magnastar

(Not Registered)

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

46.

  Pacific Life Insurance Company  

Magnastar - Survivorship

(Not Registered)

 

Templeton Global Bond Securities Fund – Class 2

Templeton Foreign Securities Fund – Class 2

   

 

6