EX-99.(H)(8)(V) 8 tm2310495d1_ex99-xhx8xv.htm EXHIBIT 99.(H)(8)(V)
Exhibit (h)(8)(v)
  
Amendment No. 2 to Participation Agreement
Franklin Templeton Variable Insurance Products Trust
Franklin Distributors, LLC
Protective Life Insurance Company
Investment Distributors, Inc.
Franklin Templeton Variable Insurance Products Trust (the “Trust”), Franklin Distributors, LLC, Protective Life Insurance Company and Investment Distributors, Inc., your distributor (collectively, the “Company” “you” or “your”), on your behalf and on behalf of certain Accounts, (all of the preceding individually a “Party”, collectively, the “Parties”) have previously entered into a Participation Agreement dated November 30, 2020, as amended (the “Agreement”).  The Parties now desire to amend the Agreement by this amendment (the “Amendment”).  Unless otherwise indicated, the terms defined in the Agreement shall have the same meaning in this Amendment.
   
On July 7, 2021, an Addendum to the Agreement revised the Agreement to reflect the merger of Franklin Templeton Distributors, Inc. into Legg Mason Investor Services, LLC, which was renamed Franklin Distributors, LLC (the “Underwriter,” and together with the Trust, “we,” “our,” or “us”).
   
AMENDMENT
   
For good and valuable consideration, the receipt of which is hereby acknowledged, the Parties agree to amend the Agreement as follows:
   
1.
Schedule B of the Agreement is hereby deleted and replaced in its entirety with the  Schedule B attached hereto.
   
2.
All other terms and provisions of the Agreement not amended herein shall remain in full force and effect.
   
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IN WITNESS WHEREOF, each of the Parties has caused its duly authorized officers to execute this Amendment effective as of November 1, 2022.
The Trust:
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST
Only on behalf of
each Portfolio listed
on Schedule C of
the Agreement
By:
__/s/ Steven Gray_______________________
   
   
Name:___Steven Gray_________________________
   
   
Title:___Vice President________________________  
The Underwriter:
FRANKLIN DISTRIBUTORS, LLC 
   
   
By:___/s/ Jeff Masom
   
   
Name:__Jeff Masom___________________________  
   
   
Title:__President______________________________    
The Company:
PROTECTIVE LIFE INSURANCE COMPANY
   
   
By: __/s/ Steve Cramer
   
   
Name: Steve Cramer___________________________
   
   
Title: Chief Product Officer – Retirement Division___
The Distributor:
INVESTMENT DISTRIBUTORS, INC.
   
   
By:__/s/ James C Wagner
   
   
Name: __James Wagner________________________
   
   
Title: __SVP, Chief Distribution Officer___________
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Schedule B
Accounts of the Company
   
   
Name of Account
SEC Registration
Yes/No
   
PLICO Variable Annuity Account S
Yes
Protective COLI VUL Separate Account
Yes
Protective COLI PPVUL Separate Account
No
Protective Variable Annuity Separate Account
Yes
Protective Variable Life Separate Account
Yes
   
Protective BOLI PPVUL Separate Account
No
   
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