EX-99.27(H)(X) 5 dex9927hx.htm AMENDMENT NO. 23 TO PARTICIPATION AGREEMENT Amendment No. 23 to Participation Agreement

Exhibit 27(h)(x)

 

Amendment No. 23 to Participation Agreement Between

AEGON/Transamerica Series Fund, Inc. and Western Reserve

dated May 1, 2004

 

AMENDMENT NO. 23 TO

PARTICIPATION AGREEMENT

BETWEEN

AEGON/TRANSAMERICA SERIES FUND, INC. AND

WESTERN RESERVE LIFE ASSURANCE CO. OF OHIO,

 

Amendment No. 23 to the Participation Agreement (“Agreement”), dated February 27, 1991, as amended, between AEGON/Transamerica Series Fund, Inc. (the “Fund”) and Western Reserve Life Assurance Co. of Ohio (“WRL”).

 

WHEREAS, WRL has registered or will register the WRL Freedom Multiple variable annuity contract (the “Contract”) under the Securities Act of 1933; and

 

WHEREAS, WRL will offer, through its Separate Account VA V, the WRL Freedom Multiple variable annuity contract; and

 

WHEREAS, to the extent permitted by applicable insurance law and regulation, WRL intends to purchase shares in one or more of the Portfolios of the Fund to fund the Contract, as specified in Schedule B attached to the Agreement, as such Schedule B is amended by this Amendment No. 23, and as Schedule B may be amended from time to time; and

 

WHEREAS, the Fund’s Board of Directors approved resolutions for the following changes to go into effect April 30, 2004: a name change of the following portfolios: Dreyfus Mid Cap to J.P. Morgan Mid Cap Value and PBHG/NWQ Value Select to Mercury Large Cap Value; restructuring of the Janus Balanced portfolio to Transamerica Balanced; and the mergers of the following portfolios: Alger Aggressive Growth into Transamerica Equity, LKCM Strategic Total Return into Transamerica Value Balanced, GE U.S. Equity into Great Companies – AmericaSM, PBHG Mid Cap Growth into Transamerica Growth Opportunities, and Templeton Great Companies Global into Janus Global and then a name change of Janus Global to Templeton Great Companies Global; and

 

WHEREAS, the Fund intends to sell shares of the Portfolio(s) to the Contract at net asset value; and

 

NOW, THEREFORE, IT IS HEREBY AGREED that WRL, through its Separate Account VA V, is authorized to acquire shares issued by the Fund, subject to the terms and conditions of the Participation Agreement, and that Schedule B to the Participation Agreement is hereby amended to add the WRL Freedom Multiple variable annuity contract to the list of “Policies”. It is also hereby agreed that Schedule A to this Agreement will be amended to reflect the various name changes to certain portfolios due to the mergers listed above.

 

IN WITNESS WHEREOF, each of the parties has caused this Amendment to be executed in its name and on its behalf by its duly authorized representative, effective as of May 1, 2004.

 

WESTERN RESERVE LIFE ASSURANCE

OF OHIO

By its authorized officer,

      

AEGON/TRANSAMERICA SERIES CO.

FUND, INC.

By its authorized officer,

By:   /s/    PRISCILLA I. HECHLER               By:   /s/    JOHN K. CARTER        
   
         

Title:

  

Priscilla I. Hechler

Assistant Vice President

and Assistant Secretary

      

Title:

  

John K. Carter

Vice President, Secretary

and General Counsel

 

AMENDED

SCHEDULE B

 

Effective May 1, 2004

 

Account(s), Policy(ies) and Portfolio(s) Subject

to the Participation Agreement

 

Accounts:        WRL Series Life Account
         WRL Series Annuity Account
         Separate Account VA U
         Separate Account VA V
Policies:        The Equity Protector
         WRL Freedom Equity Protector
         WRL Freedom SP Plus
         WRL Freedom Variable Annuity
         WRL Freedom Attainer Variable Annuity
         WRL Freedom Bellwether Variable Annuity
         WRL Freedom Conqueror Variable Annuity
         WRL Freedom Wealth Protector
         C.A.S.E. Reserve Variable Annuity
         Meridian Sector Variable Annuity
         WRL Freedom Wealth Creator Variable Annuity
         WRL Financial Freedom Builder
         WRL Freedom Elite
         WRL Freedom Premier Variable Annuity
         WRL Freedom Access Variable Annuity
         WRL Freedom Enhancer Variable Annuity
         WRL Freedom Select Variable Annuity
         WRL Freedom Elite Builder
         WRL Freedom Elite Advisor
         WRL Freedom Premier II
         WRL Freedom Access II
         WRL Freedom Enhancer II
         WRL Freedom Premier III
         WRL Xcelerator
         WRL Freedom Elite Builder II
         WRL Freedom Multiple
Portfolios:   AEGON/Transamerica Series Fund, Inc. – each Portfolio has an Initial Class and a Service Class of Shares
         AEGON Bond
         Asset Allocation – Conservative Portfolio
         Asset Allocation – Growth Portfolio
         Asset Allocation – Moderate Portfolio
         Asset Allocation – Moderate Growth Portfolio
         American Century International
         American Century Income & Growth
         Capital Guardian U.S. Equity
         Capital Guardian Value
         Clarion Real Estate Securities
         Dreyfus Small Cap Value
         Federated Growth & Income
         Great Companies – America sm
         Great Companies – Technology sm
         J.P. Morgan Enhanced Index
         J.P. Morgan Mid Cap Value

 

         AMENDED SCHEDULE B (continued)
Portfolios:        Janus Growth
         Marsico Growth
         Mercury Large Cap Value
         MFS High Yield
         Munder Net50
         PIMCO Total Return
         Salomon All Cap
         Templeton Great Companies Global
         T. Rowe Price Equity Income
         T. Rowe Price Small Cap
         Third Avenue Value
         Transamerica Balanced
         Transamerica Equity
         Transamerica Convertible Securities
         Transamerica Growth Opportunities
         Transamerica Money Market
         Transamerica U.S. Government Securities
         Transamerica Value Balanced
         Van Kampen Emerging Growth