EX-99 17 en0279.txt Amendment to Fund Participation Agreement This Amendment is made as of December, 2001 by and between SAFECO Life Insurance Company ("SAFECO"), Federated Securities Corp. ("Federated") and Federated Insurance Series (the "Fund"). BACKGROUND A. SAFECO, Federated and the Fund are parties to a Fund Participation Agreement dated 19th December 1995 (the "Agreement"). B. Notwithstanding any contrary provision contained in the Agreement, this amendment amends, supersedes and modifies the Agreement. The parties agree to amend the Agreement as follows: AMENDMENT 1. Exhibit A to the Agreement is amended to read as follows: Anuity Products Separate Accounts MainSail SAFECO Separate Account C Spinnaker SAFECO Separate Account C Spinnaker Group SAFECO SAFEFLEX Separate Account D Spinnaker Plus SAFECO Resource Variable Account B Spinnaker Advisor SAFECO Separate Account C SAFEFLEX SAFECO SAFEFLEX Separate Account D Variable Life Products Premier Variable SAFECO Separate Account SL Universal Life Insurance 2. Exhibit B to the Agreement is amended to read as follows: Federated Utility Fund II Federated High Income Bond Fund II Federated Equity Income Fund II FEDERATED SECURITIES SAFECO LIFE INSURANCE FEDERATED INSURANCE SERIES CORP. COMPANY By: /s/ John B. Fisher By: /s/ Scott L. Bartholomaus By: /s/ John W. McGonigle ------------------- -------------------------- ---------------------- Name: John B. Fisher Name: Scott L. Bartholomaus Name: John W. McGonigle - Title: President, Institutional Sales Title: Vice President Title: Executive Vice President