EX-99.8(B)(IV) 3 a21-1686_1ex99d8biv.htm EX-99.8(B)(IV)
Exhibit 99.8(b)(iv)
 
AMENDMENT TO THE PARTICIPATION AGREEMENT
AMONG
PROTECTIVE LIFE INSURANCE COMPANY,
GOLDMAN SACHS VARIABLE INSURNACE TRUST
AND
GOLDMAN SACHS & CO. LLC
 
1
 
 
 
THIS FIFTH AMENDMENT TO THE PARTICIPATION AGREEMENT (the “Amendment”) is made as of this 12th day of April, 2021 by and between GOLDMAN SACHS VARIABLE INSURANCE TRUST, a statutory trust formed under the laws of Delaware (the “Trust”), Goldman Sachs & Co. LLC, a New York limited liability company (the “Distributor”), and PROTECTIVE LIFE INSURANCE COMPANY, a Tennessee life insurance company (the “Company”).  Capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Agreement (defined below).
 
RECITALS
 
WHEREAS, the Trust, Distributor and Company are parties to a certain Participation Agreement dated December 19, 2003, as amended (the “Agreement”), in which the Company offers to the public certain variable annuity contracts and variable life insurance contracts; and
 
WHEREAS, the parties desire to amend Schedule 3 of the Agreement; and
 
WHEREAS, the parties now desire to further modify the Agreement as provided herein.
 
NOW, THEREFORE, in consideration of the mutual promises set forth herein, the parties hereto agree as follows:
 
  1. Schedule 3 of the Agreement is hereby deleted in its entirety and replaced with Schedule 3 attached hereto.
    2.  
  2. Ratification and Confirmation of Agreement.  In the event of a conflict between the terms of this Amendment and the Agreement, it is the intention of the parties that the terms of this Amendment shall control and the Agreement shall be interpreted on that basis.  To the extent the provisions of the Agreement have not been amended by this Amendment, the parties hereby confirm and ratify the Agreement.
    3.  
  3. Counterparts.
    This Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument.
    4.  
  4. Full Force and Effect.  Except as expressly supplemented, amended or consented to hereby, all of the representations, warranties, terms, covenants and conditions of the Agreement shall remain unamended and shall continue to be in full force and effect.
 
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
 
 
 
 
 
GOLDMAN SACHS VARIABLE INSURANCE TRUST
 
 
 
 
 
 
 
 
 
 
By:  /s/ Frank Murphy
 
 
 
 
 
 
 
 
 
Name:  Frank Murphy
 
 
 
 
 
 
 
 
 
Title:  Managing Director
 
 
 
 
 
 
 
 
Date:  April 13, 2021
 
 
 
 
 
 
 
 
 
 
GOLDMAN SACHS & CO. LLC
 
 
 
 
 
 
By:  /s/ Marci Green
 
 
 
 
 
 
 
 
 
Name:  Marci Green
 
 
 
 
 
 
 
 
 
Title:  Managing Director
 
 
 
 
 
 
 
 
Date:  April 13, 2021
 
 
 
 
 
 
PROTECTIVE LIFE INSURANCE COMPANY
 
 
 
 
 
 
By:  /s/ Steve Cramer
 
 
 
 
 
 
 
 
 
Name:  Steve Cramer
 
 
 
 
 
 
 
 
 
Title:  Chief Product Officer – Retirement Division
 
 
 
 
 
Date:  April 13, 2021
 
 
 
 
Schedule 3
 
Trust Classes and Series
Available Under each Class of Contracts
 
Effective May 1, 2021, the following Trust Classes and Series are available under the Contracts:
 
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Contracts Marketing Name
Trust Classes and Series
Protective Variable Annuity
 
Elements Classic
 
Elements Access
 
Elements Plus
 
Protective Advantage
 
Protective Variable Annuity II
 
MileageCredit
 
Strategic Objectives
 
Strategic Objectives II
 
 
All available Goldman Sachs Variable Insurance Trust Funds (Institutional Shares)
3
 
Premiere I
 
Premiere II
 
Premiere II (2003)
 
Premiere III (effective 11/3/08)
 
Preserver
 
Preserver (2003)
 
Preserver II (effective 11/3/08)
 
Protector
 
Protector II (effective 5/4/09)
 
Premiere Provider
 
Premiere Survivor
 
Premiere Survivor (2004)
 
Protective Investors Choice VUL
 
Premiere Executive
 
Transitions
 
Single Premium Plus
 
ProtectiveRewards II
 
ProtectiveRewards Elite (effective 11/3/08)
 
ProtectiveAccess XL
 
Protective Access Variable Annuity
 
ProtectiveValues Advantage
 
Protective Values Advantage II
 
Protective Values
 
Protective Values Access
 
Protective Variable Annuity (L,B,C Series)
 
Protective Variable Annuity Investor Series
 
Protective Dimensions
 
Protective Variable Annuity II B Series
 
Protective Dimensions II Variable Annuity
 
Protective Dimensions III
 
Protective Dimensions IV
 
Protective Variable Annuity Investors Series
 
All available Goldman Sachs Variable Insurance Trust Funds (Service and Institutional Shares)
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Protective Investors Benefit Advisor Variable Annuity
Goldman Sachs VIT Global Trends Allocation Fund (Service Shares); Goldman Sachs VIT Growth Opportunities Fund (Service Shares); Goldman Sachs VIT Core Fixed Income Fund (Service Shares); Goldman Sachs Small Eq Insights Fund (Service Shares) and Goldman Sachs VIT Strategic Growth Fund (Service Shares)
Schwab Genesis Advisory Variable Annuity
Schwab Genesis Variable Annuity
Goldman Sachs VIT Global Trends Allocation Fund (Service Shares); Goldman Sachs VIT Growth Opportunities Fund (Service Shares); Goldman Sachs VIT Core Fixed Income Fund (Service Shares); Goldman Sachs Small Cap Eq Insights Fund (Service Shares) and Goldman Sachs VIT Strategic Growth Fund (Service Shares)
Protective Executive Benefits Private Placement VUL
Goldman Sachs VIT Growth Opportunities (Service Shares)
5