EX-99.8(P)(1) 7 a52624exv99w8xpyx1y.htm EX-99.8(P)(1) exv99w8xpyx1y
AMENDMENT
To
PARTICIPATION AGREEMENT
By and Among
PACIFIC LIFE INSURANCE COMPANY
And
GE INVESTMENTS FUNDS, INC.
And
GE INVESTMENT DISTRIBUTORS, INC.
And
GE ASSET MANAGEMENT INCORPORATED
     THIS AMENDMENT, effective as of May 1, 2010, amends that certain Participation Agreement dated as of December 1, 2008 (the “Agreement”), by and among PACIFIC LIFE INSURANCE COMPANY, GE INVESTMENTS FUNDS, INC., GE INVESTMENT DISTRIBUTORS, INC. and GE ASSET MANAGEMENT INCORPORATED.
     WHEREAS, the parties hereto agree that the Company intends to add variable life policies to the Agreement that will offer Class 3 Shares of the Portfolio named in Schedule 3 of the Agreement;
     WHEREAS, the parties hereto desire to update Schedules 1, 2, 3, 4, 5, 6 and 7 to reflect additional variable life policies that will offer Class 3 Shares of the Portfolio named in Schedule 3 to the Agreement;
     WHEREAS, the parties hereto desire to make certain other amendments to the Agreement; and
     WHEREAS, any capitalized terms set forth in this Amendment that are not otherwise defined herein shall have the meanings assigned to them in the Agreement.
     NOW THEREFORE, the parties hereto hereby amend the Agreement as follows:
  1.   Sub-paragraphs (i) and (ii) of Section 1.3 (“Purchase and Redemption Procedures”) are deleted and replaced by the following:
 
      (i) If the Company transmits such request to the Fund via the National Securities Clearing Corporation’s (the “NSCC”) Fund/SERV System and/or Defined Contribution Clearance & Settlement (“DCC&S”) platform, such request must be received by the Company by the close of regular trading on the NYSE (or such reasonably earlier time designated by the Company in response to a change by the NSCC in the deadline for receipt of requests via its systems) and must be transmitted by the Company to the Fund in the time and manner designated by the NSCC pursuant to Rule 22c-1 of the 1940 Act (which as of the date of execution of this Agreement is 7:00 a.m. Eastern Time on the next following Business Day); or
 
      (ii) For standard submissions, the parties agree that the “Right Fax” system will send the faxes automatically each evening between 9:00 p.m. and 11:00 p.m. Pacific Time. If there are technical problems with Fund/SERV, or if the parties are not able to transmit or receive information through Fund/SERV (e.g., by fax), the Company shall provide telephone notification to the Fund by 10:00 a.m. Eastern Time and shall re-

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      transmit the request so that it is received by the Fund by 10:30 a.m. Eastern Time on the next following Business Day.
  2.   Schedules 1, 2, 3, 4, 5, 6 and 7 to the Agreement are deleted in their entirety and replaced by Schedules 1, 2, 3, 4, 5, 6 and 7 attached hereto.
 
  3.   This Amendment shall become effective on May 1, 2010.
[Signature Page Follows]

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     IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be executed in its name and behalf by its duly authorized representative as of the date specified above.
             
    PACIFIC LIFE INSURANCE COMPANY    
 
           
 
  By:        
 
  Name:  
 
   
 
  Title:   Assistant Vice President    
 
           
 
  Attest:        
 
     
 
Corporate Secretary
   
 
           
    GE INVESTMENTS FUNDS, INC.    
 
           
 
  By:        
 
  Name:  
 
   
 
  Title:   President & CEO    
 
           
    GE INVESTMENT DISTRIBUTORS, INC.    
 
           
 
  By:        
 
  Name:  
 
   
 
  Title:   President    
 
           
    GE ASSET MANAGEMENT INCORPORATED    
 
           
 
  By:        
 
  Name:  
 
   
 
  Title:   Senior Vice President    

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Schedule 1
Registered Accounts
     
Name of Separate Account:   Date Established by Board of Directors:
 
   
Separate Account A of Pacific Life Insurance Company
  September 7, 1994
 
   
Pacific Select Variable Annuity Separate Account of Pacific Life Insurance Company
  November 30, 1989
 
   
Pacific Select Exec Separate Account of Pacific Life Insurance Company
  May 12, 1998

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Schedule 2
Unregistered Account
     
Name of Separate Account:   Date Established by Board of Directors:
Pacific COLI Separate Account
  July 17, 1992
 
   
Pacific COLI Separate Account II
  October 12, 1998
 
   
Pacific COLI Separate Account III
  October 12, 1998
 
   
Pacific COLI Separate Account IV
  July 8, 2008
 
   
Pacific COLI Separate Account V
  July 8, 2008
 
   
Separate Account I
  August 9, 2007

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Schedule 3
Name(s) of Portfolio
GE Investments Funds, Inc.:
Total Return Fund – Class 3

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Schedule 4
Registered Products
     
Variable Annuities:    
Pacific Select Variable Annuity
  Pacific One
 
   
Pacific One Select
  Pacific Portfolios
 
   
Pacific Portfolios for Chase
  Pacific Voyages
 
   
Pacific Value
  Pacific Value Edge
 
   
Pacific Innovations
  Pacific Innovations Select
 
   
Pacific Journey
  Pacific Odyssey
 
   
Pacific Destinations
   
     
Variable Life:    
Pacific Select Exec
  Pacific Select Exec II
 
   
Pacific Select Exec III
  Pacific Select Exec IV
 
   
Pacific Select Exec V
  Pacific Select Accumulator
 
   
M’s Versatile Product
  M’s Versatile Product VI
 
   
M’s Versatile Product — Survivorship
  M’s Versatile Product VII
 
   
M’s Versatile Product — Survivorship II
  M’s Versatile Product VIII
 
   
Pacific Select Estate Preserver
  Pacific Select Estate Preserver II
 
   
Pacific Select Estate Preserver III
  Pacific Select Estate Preserver IV
 
   
Pacific Select Estate Preserver V
  Pacific Select Estate Preserver VI
 
   
Pacific Select Choice
  Pacific Select Performer 500
 
   
Pacific Select Estate Maximizer
   

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Schedule 5
Exempt Products
Not Applicable

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Schedule 6
Contracts with Accredited Investors
     
Pacific COLI Rider
  Pacific COLI
 
   
Pacific COLI II
  Pacific COLI IV
 
   
Pacific COLI VI
  Pacific COLI III (Qualified Investors)
 
   
Pacific COLI V (Qualified Investors)
  Pacific COLI VII (Qualified Investors)
 
   
Magnastar (Qualified Investors)
   

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Schedule 7
Accounts Excluded from the Definition of Investment Company
     
Name of Account:   Date of Establishment of Account:
Pacific COLI Separate Account
  July 17, 1992
 
   
Pacific COLI Separate Account II
  October 12, 1998
 
   
Pacific COLI Separate Account III
  October 12, 1998
 
   
Pacific COLI Separate Account IV
  July 8, 2008
 
   
Pacific COLI Separate Account V
  July 8, 2008
 
   
Separate Account I
  August 9, 2007

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