EX-5 12 opinionofcounsel.htm

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8525 East Orchard Road

 

Greenwood Village, CO 80111

 

(303)737-3000

 

Mailing Address:

 

PO Box 1080, Denver CO 80201

 

www.gwla.com

October 1, 2009

 

Great-West Life & Annuity Insurance Company

8515 East Orchard Road

Greenwood Village, CO 80111

 

Re.:

Opinion of Counsel

 

Initial Registration Statement on Form N-4 under the Securities Act of 1933

 

Trillium Variable Annuity Account (formerly Canada Life of America Variable Annuity Account 2)

 

Investment Company Act File No. 811-07350

 

Ladies and Gentlemen:

 

This opinion is furnished in connection with the filing of the above-referenced registration statement (the "Registration Statement") of Trillium Variable Annuity Account, formerly known as Canada Life of America Variable Annuity Account 2 (the "Account"), a separate account of Great-West Life & Annuity Insurance Company, a Colorado corporation (the "Company"), with respect to the proposed sale of an indefinite number of flexible premium variable deferred annuity policies (the "Contracts") described in the prospectus (the "Prospectus") contained in the Registration Statement.

 

I am the Chief Compliance Officer and Chief Legal Counsel, Financial Services, of the Company. In so acting, I have made such examination of the law, records and documents as in my judgment are necessary or appropriate to enable me to render the opinion expressed below. For purposes of such examination, I have assumed the genuineness of all signatures and the conformity to the original of all copies.

 

Based on the foregoing, I am of the opinion that:

 

 

1.

The Company is a corporation in good standing, duly organized and validly existing under the laws of the State of Colorado, and subject to regulation by the Colorado Division of Insurance.

 

 

2.

The Account is a separate account validly established and maintained by the Company in accordance with the provisions of the Colorado Insurance Code.

 

 

3.

All of the prescribed corporate procedures for the issuance of the Contracts have been followed, and when the Contracts are issued and sold in accordance with the Prospectus contained in this Registration Statement (or as amended further to comply with the requirements of the Securities and Exchange Commission), all applicable state laws will have been complied with.

 

 

4.

When issued and sold as described in the Prospectus, the Contracts will be legally issued, fully paid and non-assessable, and represent binding obligations of the Company in accordance with their terms.

 

I consent to the use of this opinion or a copy thereof as an exhibit to the Registration Statement.

 

Sincerely,

 

/s/ Beverly A. Byrne

 

Beverly A. Byrne

Chief Compliance Officer and Chief Legal Counsel, Financial Services