EX-8 13 e69355_ex8hii.txt AMEND NO 1 - ADMIN. SERVICES AGREEMENT - FRANKLIN AMENDMENT NO. 1 TO ADMINISTRATIVE SERVICES AGREEMENT Franklin Templeton Services, LLC CUNA Mutual Insurance Society THlS AMENDMENT is made by and between Franklin Templeton Services, LLC (the "Fund Administrator") and CUNA Mutual Insurance Society (the "Company"). WHEREAS, The Company and the Fund Administrator have entered into an Administrative Services Agreement, dated as of March 31, 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 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 September 10, 2008. FRANKLIN TEMPLETON SERVICES, LLC By: /s/ Thomas Resner ---------------------- Name: Thomas Resner Title: Vice President CUNA MUTUAL INSURANCE SOCIETY By: /s/ Steven R. Suleski ---------------------- Name: Steven R. Suleski Title: Vice President 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.
------------------------------------------------------------------------------------------------------------------------- # COMPANY PRODUCT NAME/ FUNDS OF THE TRUST DATE OF SECURITIES ACT NO. FEE BEGINNING OF RATE PERIOD FOR COMPUTATION OF FEE ------------------------------------------------------------------------------------------------------------------------- 1. CUNA Mutual CUNA Mutual Class 4 Shares: 0.10% 05/01/08 Insurance Group Variable Franklin Income Securities Fund Society Annuity Account Franklin High Income Securities Fund (not registered) Mutual Discovery Securities Fund --------------------------------------------------------------------- Class 1 Shares: 0.10% 10/01/08 Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Small Cap Value Securities Fund Templeton Developing Markets Securities Fund Templeton Global Income Securities Fund --------------------------------------------------------------------- Class 2 Shares 0.10% 10/01/08 Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Small Cap Value Securities Fund Mutual Shares Securities Fund Templeton Global Income Securities Fund ------------------------------------------------------------------------------------------------------------------------- 2. CUNA Mutual MEMBERS Class 4 Shares: 0.10% 05/01/08 Insurance Variable Annuity I Franklin Income Securities Fund Society 333-148421 Franklin High Income Securities Fund Mutual Discovery Securities Fund ------------------------------------------------------------------------------------------------------------------------- 3. CUNA Mutual MEMBERS Variable Class 4 Shares: 0.10% 05/01/08 Insurance Annuity II Franklin Income Securities Fund Society 333-148423 Franklin High Income Securities Fund Mutual Discovery Securities Fund ------------------------------------------------------------------------------------------------------------------------- 4. CUNA Mutual MEMBERS Class 4 Shares: 0.10% 05/01/08 Insurance Choice VA Franklin Income Securities Fund Society 333-148422 Franklin High Income Securities Fund Mutual Discovery Securities Fund -------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------- # COMPANY PRODUCT NAME/ FUNDS OF THE TRUST DATE OF SECURITIES ACT NO. FEE BEGINNING OF RATE PERIOD FOR COMPUTATION OF FEE ------------------------------------------------------------------------------------------------------------------------- 5. CUNA Mutual MEMBERS Class 4 Shares: 0.10% 05/01/08 Insurance Variable Annuity Franklin Income Securities Fund Society III Franklin High Income Securities Fund 333-148426 Mutual Discovery Securities Fund -------------------------------------------------------------------------------------------------------------------------