EXHIBIT (8)(G)(III)
SECOND AMENDMENT
TO
PARTICIPATION AGREEMENT
AMONG AMERICAN GENERAL LIFE INSURANCE COMPANY,
AMERICAN GENERAL SECURITIES INCORPORATED,
SAFECO RESOURCE SERIES TRUST, AND
SAFECO SECURITIES, INC.
THIS SECOND AMENDMENT TO PARTICIPATION AGREEMENT ("Amendment") dated as of
August 2, 1999, amends the First Amendment to the Participation Agreement as of
December 1, 1998 (the "First Amendment") and the Participation Agreement dated
as of April 1, 1998 (the "Agreement") among AMERICAN GENERAL LIFE INSURANCE
COMPANY ("AGL"), on its own behalf and on behalf of each separate account of AGL
(each a "Separate Account") set forth on Schedule A of the Agreement attached
hereto and incorporated herein (as same may be amended from time to time
"Schedule A)," AMERICAN GENERAL SECURITIES INCORPORATED ("AGSI"), SAFECO
RESOURCE SERIES TRUST (the "Fund"), and SAFECO SECURITIES, INC. (the
"Distributor "), collectively, the "Parties." All capitalized terms not
otherwise defined in this Amendment, shall have the same meaning as ascribed in
the Agreement.
WITNESSETH THAT:
WHEREAS, pursuant to the Agreement shares of the Fund's Equity Portfolio and
Growth Portfolio (the "Series"; reference herein to the "Fund" includes
reference to each of the foregoing Series to the extent the context requires)
are made available by the Distributor to serve as underlying investment media
for those variable life insurance policies of AGL that are the subject of AGL's
Form S-6 registration statement filed with the Securities and Exchange
Commission (the "SEC"), File No. 333-42567 and 811-08561 (the "Policies") and
are offered through AGSI.
WHEREAS, pursuant to the First Amendment the shares of the Series are made
available by the Distributor to serve as underlying investment media for AGL's
Platinum Investor Variable Annuity contracts ("Platinum Investor VA Contracts"),
and to be offered through AGSI.
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WHEREAS, the Distributor and the Fund desire that shares of the series also be
made available by the Distributor to serve as underlying investment media for
AGL's Corporate America-Variable Life Insurance Policies ("Corporate America"),
are to be offered through AGSI; and
NOW, THEREFORE, in consideration of the mutual benefits and promises contained
herein, the parties agree as follows:
1. The Agreement shall be deemed to include as the context requires any or all
of the variable life insurance policies and variable annuity contracts
described on Schedule A hereto.
2. Except as amended hereby, the Agreement and the First Amendment are hereby
ratified in all respects.
IN WITNESS WHEREOF, the Parties hereto has caused this Agreement to be executed
in its name and on its behalf by its duly authorized representative hereto as of
the date specified above.
AMERICAN GENERAL LIFE INSURANCE COMPANY, on behalf of itself and each of its
Separate Accounts named in Schedule A hereto, as amended from time to time.
By:
--------------------------------
AMERICAN GENERAL SECURITIES INCORPORATED
By:
--------------------------------
SAFECO RESOURCE SERIES TRUST
By:
--------------------------------
SAFECO SECURITIES, INC.
By:
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SCHEDULE A
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POLICIES AND SEPARATE ACCOUNTS
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(AS OF AUGUST 2, 1999)
NAME OF SEPARATE ACCOUNTS AND REGISTRATION NUMBERS AND NAMES OF POLICIES FUNDED BY
DATE ESTABLISHED BY BOARD OF DIRECTORS SEPARATE ACCOUNTS
- -------------------------------------- -----------------
Registration Nos. Name of Contract
----------------- ----------------
(if available)
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1. American General Life Insurance Company 333-42567 Platinum Investor I and
Separate Account VL-R 811-08561 Platinum Investor II Variable Life
Insurance Policies (Contract Form
Nos. 97600 and 97610)
333-80191 Corporate America-Variable
811-08561 Life Insurance Policies
(Contract Form No. 99301)
2. American General Life Insurance Company 333-70667 Platinum Investor Variable
Separate Account D 811-02441 Annuity Contract (Contract Form
No. 98202)
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