EX-99.30(H)(2)(XI) 5 d453920dex9930h2xi.htm EX-99.30(H)(2)(XI) EX-99.30(H)(2)(XI)

Exhibit 30(H)(2)(XI)

AMENDMENT NO. 9 TO FUND

PARTICIPATION AGREEMENT

This Amendment No. 9 to Fund Participation Agreement (the “Amendment”) is dated effective May 1, 2023, 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.

[Signature Page Follows]


IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective officers or authorized representatives as of the day and year first above written.

 

MINNESOTA LIFE INSURANCE COMPANY     ALPS VARIABLE INVESTMENT TRUST
By:  

/s/ Kristin Ferguson

    By:  

/s/ Kathryn Burns

Name:   Kristin Ferguson     Name:   Kathryn Burns
Title:   VP, CFO & Actuary-Individual Solutions     Title:   President
ALPS ADVISORS, INC.     ALPS PORTFOLIO SOLUTIONS
      DISTRIBUTOR, INC.
By:  

/s/ Laton A Spahr

    By:  

/s/ Stephen Kyllo

Name:   Laton A Spahr     Name:   Stephen Kyllo
Title:   President, ALPS Advisors     Title:   SVP & Director


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 by 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 Universal Life Survivor - SVUL   
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