EX-99.24(B)(8)(D)(1) 6 a08-8437_2ex99d24b8d1.htm AMENDMENT TO PARTICIPATION AGREEMENT

Exhibit 99.24(b)(8)(d)(1)

 

AMENDMENT TO PARTICIPATION AGREEMENT

Among

 

T. ROWE PRICE EQUITY SERIES, INC.,

 

T. ROWE PRICE FIXED INCOME SERIES, INC.,

 

T. ROWE PRICE INVESTMENT SERVICES, INC.

 

And

 

SOUTHERN FARM BUREAU LIFE INSURANCE COMPANY

 

THIS AMENDMENT is made and entered into as of the 16th day  of January, 2008 (hereinafter the “Effective Date”) by and among Southern Farm Bureau Life Insurance Company (hereinafter the “Company”), a Mississippi insurance company, on its own behalf and on behalf of each segregated asset account of the Company set forth on Schedule A to this Amendment, and the undersigned funds, each, a corporation organized under the laws of Maryland (each hereinafter referred to as the “Fund”), and T. Rowe Price Investment Services, Inc. (hereinafter the “Underwriter”), a Maryland corporation.

 

WHEREAS, the Company, the Fund and the Underwriter entered into a Participation Agreement dated July 8, 1999 (herein the “Participation Agreement”), to facilitate the purchase by the Company, on behalf of certain segregated asset accounts of the Company, shares in certain portfolios of securities managed by the Fund;

 

WHEREAS, the Company, the Fund and the Underwriter entered into an Amendment to Participation Agreement dated September 5, 2001, to amend certain provisions of the Participation Agreement;

 

WHEREAS, the Company, the Fund and the Underwriter entered into an Amendment to Participation Agreement dated February 15, 2006, to further amend certain provisions of the Participation Agreement;

 

WHEREAS, the Company, the Fund and the Underwriter desire to further amend certain provisions of the Participation Agreement;

 

NOW THEREFORE, for and in consideration of the mutual promises of the parties and other good and valuable consideration, the receipt and sufficiency of all of which are hereby acknowledged, the Company, the Fund and the Underwriter hereby agree as follows:

 

1.     Schedule A to the Participation Agreement is hereby amended by substituting in its place and stead Schedule A attached hereto and made a part hereof.

 



 

2.     Except as hereinabove expressly modified or amended, all of the terms and conditions contained in the Participation Agreement, as previously amended, shall remain unchanged and in full force and effect.

 

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 as of the Effective Date.

 

COMPANY:

SOUTHERN FARM BUREAU LIFE

 

INSURANCE COMPANY

 

 

 

By its authorized officer

 

 

 

 

 

By:

/s/ Joseph A. Purvis

 

 

Name: Joseph A. Purvis

 

Title: Senior Vice President, General Counsel and Secretary

 

 

FUND:

T. ROWE PRICE EQUITY SERIES, INC.

 

 

 

By its authorized officer

 

 

 

 

 

By:

/s/ Henry H. Hopkins

 

 

Name: Henry H. Hopkins

 

Title: Vice President

 

 

FUND:

T. ROWE PRICE FIXED INCOME SERIES, INC.

 

 

 

By its authorized officer

 

 

 

 

 

By:

/s/ Henry H. Hopkins

 

 

Name: Henry H. Hopkins

 

Title: Vice President

 

 

UNDERWRITER:

T. ROWE PRICE INVESTMENT SERVICES, INC.

 

 

 

By its authorized officer

 

 

 

 

 

By:

/s/ Darrell N. Braman

 

 

Name: Darrell N. Braman

 

Title: Vice President

 

2



 

SCHEDULE A

 

Name of Separate Account and
Date Established by Board of Directors

 

Contracts Funded by
Separate Account

 

Designated Portfolios

 

 

 

 

 

Southern Farm Bureau Life Variable Account
Established May 17, 1999

 

Flexible Premium
Deferred Variable
Annuity Contract

 

 T. Rowe Price Equity Series, Inc.
· T. Rowe Price Mid-Cap Growth Portfolio
· T. Rowe Price Equity Income Portfolio
· T. Rowe Price Personal Strategy Balanced

Portfolio

· T. Rowe Price Blue Chip Growth Portfolio

 

 

 

 

 

 

 

 

 

T. Rowe Price Fixed Income Series, Inc.
· T. Rowe Price Limited-Term Bond Portfolio
· T. Rowe Price Prime Reserve Portfolio

 

 

 

 

 

Southern Farm Bureau Life Variable Life
Account Established October 16, 2000

 

Non-Participating
Adjustable Premium
Variable Life Insurance
Policy

 

T. Rowe Price Equity Series, Inc.
· T. Rowe Price Mid-Cap Growth Portfolio
· T. Rowe Price Equity Income Portfolio
· T. Rowe Price Personal Strategy Balanced

Portfolio

· T. Rowe Price Blue Chip Growth Portfolio

 

 

 

 

 

 

 

 

 

T. Rowe Price Fixed Income Series, Inc.
· T. Rowe Price Limited-Term Bond Portfolio
· T. Rowe Price Prime Reserve Portfolio

 

PA Amend Sch A 2008