EX-8.T.I 11 ex8ti.txt PARTICIPATION AGREEMENT AMEND - NEUBERGER AMENDMENT NO. 1 TO THE PARTICIPATION AGREEMENT (VARIABLE ANNUITY) FOR RETAIL MUTUAL FUNDS THIS AMENDMENT, dated as of April 21, 2006, between SECURITY BENEFIT LIFE INSURANCE COMPANY (the "Company") and NEUBERGER BERMAN MANAGEMENT INC. (the "Adviser") is made to the Participation Agreement (Variable Annuity) for Retail Mutual Funds, dated as of January 20, 2006, as amended, between the Company and the Adviser (the "Agreement"). Terms defined in the Agreement are used herein as therein defined. WHEREAS, the Company and the Adviser desire to amend the Agreement to make it applicable to the Trust Class and Advisor Class shares of all series of Neuberger Berman Equity Funds and Neuberger Berman Income Funds, in addition to the Investor Class shares of Lehman Brothers Core Bond Fund (the "Funds"). NOW, THEREFORE, in consideration of the promises and mutual covenants hereinafter contained, the parties agree as follows: 1. Schedule A of the Agreement is hereby deleted in its entirety and replaced with Schedule A attached hereto. 2. Notwithstanding anything to the contrary contained in the Agreement, the Adviser may from time to time update Schedule A to the Agreement, with a copy to the Company in due course, to add a new fund or portfolio, delete an inactive or terminated Fund or Portfolio, or reflect the change of name of a Fund or Portfolio. The establishment by the Company of an account in any fund, whether or not as yet reflected on an updated Schedule A, shall constitute the agreement by the Company and the Adviser to be bound by the provisions of this Agreement with respect to that fund. 3. Except as modified hereby, all other terms and conditions of the Agreement shall remain in full force and effect. 4. This Amendment may be executed in two or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same Amendment. SECURITY BENEFIT LIFE NEUBERGER BERMAN INSURANCE COMPANY MANAGEMENT INC. By: _______________________ By:_____________________________ Name: Name: Title: Title: APRIL 21, 2006
SCHEDULE A ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ ACCOUNT(S) CONTRACT(S) NAME OF DESIGNATED PORTFOLIO AND CLASS CUSIP OF NASDAQ DESIGNATED SYMBOL OF DESIGNATED PORTFOLIO ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ SBL VARIABLE ACCOUNT XIV V6029 EUBERGER BERMAN INCOME FUNDS, INVESTOR CLASS ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ Lehman Brothers Core Bond Fund, NB Investor Class 640915799 NBCNX ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ NEUBERGER BERMAN EQUITY FUNDS, TRUST CLASS ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ Neuberger Berman Focus Fund Trust Class 640917506 NBFCX ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ Neuberger Berman Guardian Fund Trust Class 640917209 NBGTX ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ Neuberger Berman International Fund Trust Class 640917704 NBITX ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ Neuberger Berman Manhattan Fund Trust Class 640917308 NBMTX ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ Neuberger Berman Millennium Fund Trust Class 640917803 NBMOX ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ Neuberger Berman Partners Fund Trust Class 640917407 NBPTX ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ Neuberger Berman Real Estate Fund Trust Class 641224845 NBRFX ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ Neuberger Berman Regency Fund Trust Class 640917886 NBREX ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ Neuberger Berman Socially Responsive Fund Trust 640917860 NBSTX Class ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ NEUBERGER BERMAN INCOME FUNDS, TRUST CLASS ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ Neuberger Berman Limited Maturity Bond Fund 640916201 NBLTX Trust Class ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ NEUBERGER BERMAN EQUITY FUNDS, ADVISOR CLASS ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ Neuberger Berman Fasciano Fund Advisor Class 641224837 NBFVX ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ Neuberger Berman Focus Fund Advisor Class 64122M209 NBFAX ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ 2 ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ ACCOUNT(S) CONTRACT(S) NAME OF DESIGNATED PORTFOLIO AND CLASS CUSIP OF NASDAQ DESIGNATED SYMBOL OF DESIGNATED PORTFOLIO ------------------------ ------------------ -------------------------------------------------- ------------------ ------------------ NEUBERGER BERMAN EQUITY FUNDS, ADVISOR CLASS ------------------------ ------------------ -------------------------------------------------- ------------------ --------------- Neuberger Berman Guardian Fund Advisor Class 64122M308 NBGUX ------------------------ ------------------ -------------------------------------------------- ------------------ --------------- Neuberger Berman Manhattan Fund Advisor Class 64122M407 NBMBX ------------------------ ------------------ -------------------------------------------------- ------------------ --------------- Neuberger Berman Millennium Fund Advisor Class 641224829 NBMVX ------------------------ ------------------ -------------------------------------------------- ------------------ --------------- Neuberger Berman Partners Fund Advisor Class 64122M506 NBPBX ------------------------ ------------------ -------------------------------------------------- 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