EX-99.24.B.8.X.VII 9 d760407dex9924b8xvii.htm EX-99.24.B.8.X.VII EX-99.24.B.8.x.vii

Exhibit 24(b)8(x)(vii)

Amendment No. 7 to Fund Participation Agreement

This Amendment No. 7 to Fund Participation Agreement (the “Amendment”) is dated May 1, 2019, and is entered into by and among Minnesota Life Insurance Company, a Minnesota insurance company (the “Company”), ALPS Variable Investment Trust, a Delaware Statutory Trust (the “Trust” or the “Fund,” and each series of the Trust, as applicable, a “Portfolio” and collectively, the “Portfolios”), ALPS Advisors, Inc. a Colorado corporation, (“AAI”), and ALPS Portfolio Solutions Distributor, Inc. (“APSD”), a Colorado corporation.

WHEREAS, the Company, the Trust, AAI, and APSD previously entered into a Fund Participation Agreement dated July 27, 2007, as amended (the “Agreement”); and

WHEREAS, the Company, the Trust, AAI, and APSD wish to amend Schedule A of the Agreement.

NOW THEREFORE, in consideration of the mutual covenants herein contained and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

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

2.    Except as specifically set forth herein, all other provisions of the Agreement shall remain in full force and effect. Any items not herein defined shall have the meaning given to them in the Agreement.


IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Amendment effective as of the date first written above.

 

MINNESOTA LIFE INSURANCE COMPANY     ALPS VARIABLE INVESTMENT TRUST
By:  

/s/ Daniel Kruse                    

    By:  

/s/ Kathryn Burns

Name:   Daniel Kruse     Name:   Kathryn Burns
Title:   Vice President and Actuary     Title:   Treasurer
ALPS ADVISORS, INC.     ALPS PORTFOLIO SOLUTIONS DISTRIBUTOR, INC.
By:  

/s/ Edmund J. Burke

    By:  

/s/ Steven B. Price

Name:   Edmund J. Burke     Name:   Steven B. Price
Title:   Chief Executive Officer     Title:   SVP – Director of Distribution Srvs.


PARTICIPATION AGREEMENT

SCHEDULE A

The following Separate Accounts and Associated Contracts of Minnesota Life Insurance Company are permitted in accordance with the provisions of this Agreement to invest in Portfolios of the Fund shown in Schedule B:

 

Contracts Funded bv Separate Account

  

Name of Separate Account

MultiOption Advisor    Variable Annuity Account
MultiOption Legend   
MultiOption Extra   
MultiOption Guide   
Minnesota Life Accumulator VUL    Minnesota Life Individual Variable Universal Life Account
Premier Variable Universal Life   
Variable Universal Life Defender®   
Variable Adjustable Life (VAL)    Minnesota Life Variable Life Account
Variable Adjustable Life Second Death (VAL-SD)   
Variable Adjustable Life Horizon (VAL Horizon)   
Variable Adjustable Life Summit (VAL Summit)   
Variable Adjustable Life Survivor (VAL Survivor)   
Variable Group Universal Life    Minnesota Life Variable Universal Life Account