EX-99.(7)(KK) 40 a14-20426_8ex99d7kk.htm EX-99.(7)(KK)

Exhibit (7)(kk)

 

AMENDMENT TO PARTICIPATION AGREEMENT

 

This Amendment (“Amendment”) to the Participation Agreement dated May 1, 2006, as amended (the “Agreement”), by and among Jefferson National Life Insurance Company (“Company”), the undersigned funds, each a corporation organized under the laws of the State of Maryland (each hereinafter referred to as the “Fund”) and T. Rowe Price Investment Services, Inc. (the “Underwriter”) is made as of January 1 , 2015.

 

WHEREAS, effective January 1, 2015 the Company will be launching a New York version of its Monument Advisor product (the “New York Account”) through a newly formed, wholly-owned subsidiary of the Company, Jefferson National Life Insurance Company of New York; (“JNL NY”) and

 

WHEREAS, the parties to the Agreement desire to add JNL NY, a New York life insurance company, as a party to the Agreement; and

 

WHEREAS, the parties to the Agreement desire to add an additional separate account to the Schedule A of the Agreement.

 

NOW THEREFORE, in consideration of the mutual promises and agreements made herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree to amend the Agreement as follows:

 

1.                             Jefferson National Life Insurance Company of New York (“JNL NY”) is hereby added as an additional party to the Agreement. The parties acknowledge and agree that the provisions of the Agreement relating to the Company, if applicable, will apply with the same effect to JNL NY. The parties to the Agreement, including JNL NY, agree that each representation, warranty, covenant, condition and other provision of the Agreement that is applicable to Company shall also be applicable to JNL NY, with the following changes: (i) the New York Account is established under the insurance laws of the State of New York; and (ii) any references to Texas insurance law in shall be changed to New York insurance law, as applicable. The rights and obligations of the Company and JNL NY under the Agreement shall be several and not joint.

 

2.                             All references to the Account shall include the New York Account.

 

3.                          Schedule A of the Participation Agreement is hereby amended and restated in the form attached hereto.

 

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SCHEDULE A

 

Name of Separate Account and

 

Contract Funded By

 

 

Date Established by Board of Directors

 

Separate Account

 

Designated Portfolios

 

 

 

 

 

Jefferson National Life Annuity Account G

 

JNL-2300 series

 

T. Rowe Price Equity

January 18, 1996

 

JNL-2300-1 series

 

Series, Inc.

 

 

 

 

-T. Rowe Price Blue

 

 

 

 

Chip Growth

 

 

 

 

Portfolio-II

 

 

 

 

-T. Rowe Price Equity

 

 

 

 

Income Portfolio-II

 

 

 

 

-T. Rowe Price Health

 

 

 

 

Sciences Portfolio-II

 

 

 

 

 

 

 

 

 

T. Rowe Price Fixed

 

 

 

 

Income Series, Inc.

 

 

 

 

-T. Rowe Price

 

 

 

 

Limited Bond

 

 

 

 

Portfolio-II

 

 

 

 

 

Jefferson National Life of New York

 

JNL-2300-1-NY

 

T. Rowe Price Equity

Annuity Account 1

 

 

 

Series, Inc.

 

 

 

 

-T. Rowe Price Blue

 

 

 

 

Chip Growth

 

 

 

 

Portfolio-II

 

 

 

 

-T. Rowe Price Equity

 

 

 

 

Income Portfolio-II

 

 

 

 

-T. Rowe Price Health

 

 

 

 

Sciences Portfolio-II

 

 

 

 

 

 

 

 

 

T. Rowe Price Fixed

 

 

 

 

Income Series, Inc.

 

 

 

 

-T. Rowe Price

 

 

 

 

Limited Bond

 

 

 

 

Portfolio-II

 

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IN WITNESS WHEREOF, the parties have caused their duly authorized officers to execute this Amendment as of the day written above.

 

 

JEFFERSON NATIONAL LIFE INSURANCE COMPANY

 

 

 

By:

 

 

Title:

Craig A. Hawley, General Counsel & Secretary

 

 

 

 

 

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

 

 

By:

 

 

Title:

Craig A. Hawley, General Counsel & Secretary

 

 

 

 

 

T. ROWE PRICE EQUITY SERIES, INC.

 

 

 

By:

 

 

Title:

Darrell Braman, Vice President

 

 

 

 

 

T. ROWE PRICE FIXED INCOME SERIES, INC.

 

 

 

By:

 

 

Title:

Darrell Braman, Vice President

 

 

 

 

 

T. ROWE PRICE INVESTMENT SERVICES, INC.

 

 

 

By:

 

 

Title:

Fran Pollack-Matz, Vice President

 

 

 

 

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