EXHIBIT 10.5

Amendment No. 3 to
Marketing Agreement

THIS THIRD AMENDMENT TO THE MARKETING AGREEMENT is entered into this 29th day of
October, 2001, and effective as indicated herein, by and between TRANSAMERICA
LIFE INSURANCE AND ANNUITY COMPANY, hereinafter referred to as “Transamerica,” a
North Carolina corporation, and LEGACY MARKETING GROUP, hereinafter referred to
as “LMG,” a California corporation.

WHEREAS, Transamerica and LMG entered into a Marketing Agreement, dated May 29,
1998, as amended, hereinafter referred to as the “Agreement,” wherein
Transamerica and LMG agreed to jointly develop proprietary annuity products,
wherein LMG would market such products on behalf of Transamerica, utilizing its
nationwide distribution channels of duly licensed and appointed Producers in
consideration of the compensation as set forth in Appendix B of the Agreement.

NOW, THEREFORE, in consideration of the foregoing recitals and mutual promises
hereinafter contained and other good and valuable consideration, the parties
hereto do agree to amend the Agreement as follows:

1.   Appendix A, attached hereto, is restated in its entirety as of September 1,
2001.   2.   Appendix B, attached hereto, is restated in its entirety as of
September 1, 2001.   3.   Appendix D, “Schedule of Authorized Personnel,” is
hereby restated in its entirety as of October 29, 2001 to read as follows:

     “Representing Transamerica

     *

     *

     *

  Representing Legacy Marketing Group

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  Lynda L. Regan, Chief Executive Officer R. Preston Pitts, President Steve
Taylor, Chief Financial Officer H. Lynn Stafford, Chief Information Officer Niju
Vaswani, Vice President of Distribution Bill Hrabik, Chief Operation Officer
Andy Chua, Vice President of Product Development Don Dady, Vice-President of
Marketing”

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4.   All other provisions in the Agreement not specifically amended above remain
in effect and unchanged.

IN WITNESS HEREOF, the parties have hereto executed this Amendment No. 3.

      LEGACY MARKETING GROUP   TRANSAMERICA LIFE INSURANCE AND ANNUITY COMPANY  
  By: /s/ Don Dady

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Title: Vice President

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Date: November 5, 2001

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  By: /s/ Karen MacDonald

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Title: Senior Vice President

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Date: October 29, 2001

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APPENDIX A

MARKETING AGREEMENT

September 1, 2001

GEOGRAPHIC TERRITORY:

All states (except New York, Hawaii and Alabama) and the District of Columbia

POLICY FORMS

          PRODUCT NAME   POLICY FORM NUMBERS   Effective Dates

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  SelectMark® Series         SelectMark®5 75/25   *   * SelectMark® 7 75/25   *
  * SelectMark® 10 75/25   *   *   SelectMark® Secure Series         SelectMark®
5 Secure (formerly known as the         SelectMark® 5 50/50)   *   * SelectMark®
7 Secure (formerly known as the         SelectMark® 7 50/50)   *   *  
SelectMark® Special Edition Series         Selectmark® 5 Special Edition   *   *
SelectMark® 7 Special Edition   *   * SelectMark® 7 Special Edition Equity Index
Strategy   *   * SelectMark® 10 Special Edition (formerly known as         the
Select Mark® 10 50/50)   *   * SelectMark® 10 Special Edition with STS   *   *
SelectMark® 10 Special Edition Equity Index         Strategy   *   * SelectMark®
10 Special Edition with STS and         Equity Index Strategy   *   *  
SelectMark® Elite Series         SelectMark® 5 Elite   *   * SelectMark® 7 Elite
  *   * SelectMark® 10 Elite   *   *   PreferMark Series         PreferMark
Platinum   *   * PreferMark Gold   *   *   Riders         Beneficiary Rider   *
  * Beneficiary Rider Plus   *   *

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State required variations of the above referenced products/policy form numbers
may be required.

“Unique Features”

The ‘Unique” features contained in the policy forms that would preclude LMG from
separately selling or marketing any products which are the same as those unique
products co-developed by LMG and Transamerica are as follows:

     The Total Return Crediting Rate Strategy in combination with the Multiple
Year Crediting Rate Strategy in a fixed annuity.

The ‘Unique” features contained in the policy forms that would preclude
Transamerica from separately selling or marketing any products which are the
same as those unique products co-developed by LMG and Transamerica are as
follows:

     The Total Return Crediting Rate Strategy in combination with the Multiple
Year Crediting Rate Strategy in a fixed annuity.

The features described above as the “ Total Return Crediting Rate Strategy” and
“Multiple Year Crediting Rate Strategy” are described in the policy forms listed
in this Appendix A under the caption or headings “Total Return Strategy” and
“Multiple Year Strategy.”

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Appendix B

MARKETING AGREEMENT

COMPENSATION

September 1, 2001

                                                      Compensation to Legacy    
               

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                        Age Mandated Commission Reduction                      
             

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                                    (b)                                        
    Comm.                   (g)                 POLICY FORM NUMBERS/   (a)  
Reduces   (c)   (d)   (e)   (f)   LMG Trail             PRODUCT NAME   Effective
Dates   Commission   @ Age   % Reduction   Trail   Mkt. Allow.   Override   Com.
  Special Rules        

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        SelectMark® Series                                     SelectMark® 5
75/25   *   *   *   *   *   *   *   *     SelectMark® 7 75/25   *   *   *   *  
*   *   *   *     SelectMark® 10 75/25   *   *   *   *   *   *   *   *    
SelectMark® Secure Series                                     SelectMark® 5
Secure                                     (formerly known as the              
                      SelectMark® 5 50/50)   *   *   *   *   *   *   *   *    
SelectMark® 7 Secure                                     (formerly known as the
                                    SelectMark® 7 50/50)   *   *   *   *   *   *
  *   *     SelectMark® Special                                     Edition
Series                                     SelectMark® 5 Special                
                    Edition   *   *   *   *   *   *   *   *     SelectMark® 7
Special                                     Edition   *   *   *   *   *   *   *
  *    

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                                                      Compensation to Legacy    
               

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                        Age Mandated Commission Reduction                      
             

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                                    (b)                                        
    Comm.                   (g)                 POLICY FORM NUMBERS/   (a)  
Reduces   (c)   (d)   (e)   (f)   LMG Trail             PRODUCT NAME   Effective
Dates   Commission   @ Age   % Reduction   Trail   Mkt. Allow.   Override   Com.
  Special Rules        

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        SelectMark® 7 Special                                     Edition Equity
Index                                     Strategy   *   *   *   *   *   *   *  
*     SelectMark® 10 Special                                     Edition
(formerly known                                     as the SelectMark® 10      
                              50/50)   *   *   *   *   *   *   *   *    
SelectMark® 10 Special                                     Edition with STS   *
  *   *   *   *   *   *   *     SelectMark® 10 Special                          
          Edition Equity Index                                     Strategy   *
  *   *   *   *   *   *   *     SelectMark® 10 Special                          
          Edition with STS and                                     Equity Index
Strategy   *   *   *   *   *   *   *   *     SelectMark® Elite Series          
                          SelectMark® 5 Elite   *   *   *   *   *   *   *   *  
  SelectMark® 7 Elite   *   *   *   *   *   *   *   *     SelectMark® 10 Elite  
*   *   *   *   *   *   *   *     PreferMark Series                            
        PreferMark Platinum   *   *   *   *   *   *   *   *   * PreferMark Gold
  *   *   *   *   *   *   *   *   *

GENERAL COMPENSATION RULES

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1. Base Commission (Column (a) above):

  Transamerica will pay LMG on the last business day of the week base
commissions for all premiums received in cash by LMG during that week, i.e., the
prior Friday through Thursday, in the specified percentages indicated in Column
(a) above. Such commissions will be paid by Transamerica to LMG by Transamerica
authorizing LMG to write a check to itself against the Transamerica Disbursement
account for the total weekly commission amount.     Additional premiums will be
subject to the same base commission percentages noted above as the initial
premium.

  In addition to the base commission rates specified in Column (a) above
Transamerica will pay LMG an additional commission as follows:

  (1) * of all premiums received on or before August 31, 2001 by LMG for the
SelectMark® 10 Special Edition (for premiums received after October 18, 1999),
SelectMark® 10 Special Edition Equity Index Strategy, SelectMark® 10 STS Special
Edition Equity Index Strategy and SelectMark® 10 Special Edition with STS
products for applications received by Legacy for such products on or before
August 31, 2001, and in the case of 1035 exchanges and other transfers between
financial institutions, the application and completed exchange/transfer
paperwork must be received by LMG by August 31, 2001 and the cash received by
November 30, 2001 for Transamerica to pay the extra * bonus.   (2) * of all
premiums received during the period September 1, 2001 and September 30, 2001 for
such products for applications received by LMG for such products. In the case of
1035 exchanges and other transfers between financial institutions, the
application and completed exchange/transfer paperwork must be received by LMG
between September 1 and September 30th and the cash received by November 30,
2001 for Transamerica to pay the extra * bonus.

  Note: As a practical matter, LMG’s administrative system will treat additional
deposits on inforce policies in the same manner as cash received on 1035
exchanges and other transfers with respect to the above rules. Transamerica
agrees to this treatment on additional deposits based on (1) LMG’s
representation that additional deposits will not be material and (2) LMG’s
agreement that this treatment on additional deposits will not be disclosed in
any manner to producers or policyholders. LMG also agrees to limit disclosure of
this treatment on additional deposits to LMG employees on a “need to know”
basis.

2. Age Mandated Commission Reduction (Columns (b), (c) and (d) above):

  The following provision applies to payment of all base commissions for all
products subject to this Agreement (see below for separate rules for PreferMark
Gold and PreferMark Platinum) if the issue age is greater than 79 (in the case
of SelectMark® Special Edition products) and 84 for other products. The *
additional commission payable for the SelectMark® 10 series products is
considered part of the base commission.     If the issue age is greater than 79
or 84 as defined in the Death Benefit Proceeds provision of the applicable
policy form, base commissions are reduced by *. A trail base commission is paid
monthly beginning in policy year 2. Column (d) reflects the trail base
commission

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  percentage on an annual basis (calculated as Column (a) multiplied by the
percentage in Column (c) divided by 10). This trail base commission is paid
monthly (the payable amount, calculated each month, is the Column (d) annual
percentage divided by 12 and multiplied by the annuity cash value). The monthly
trail base commission continues to be paid until death of the annuitant,
surrender of the policy or election of a settlement option.

  With regard to PreferMark Gold and PreferMark Platinum, if the issue age of a
policy is greater than 84 as defined in the Death Benefit Proceeds provision of
such policy form the applicable base commission percentage is reduced by * for
all premiums received for that policy. No monthly trail commission is payable.

3. Marketing Allowance (Column (e) above):

  Transamerica will pay to LMG a Marketing Allowance for all premiums received
by LMG in the specified percentages indicated in Column (e) above. LMG will bill
Transamerica weekly and Transamerica will pay LMG such Marketing Allowance by
wire transfer within five (5) business days of receipt of such documentation.

4. Override Commission (Column (f) above):

  Transamerica will pay to LMG an override commission (on the last business day
of the week) for all premiums received by LMG during that week, in the specified
percentages indicated in Column (f) above.     The override commission
percentages in Column (f) include * which is paid back to Transamerica by LMG at
the end of each fiscal year (for this purpose each fiscal year begins on August
1 and ends on the following July 31) for the first * of aggregate premium
received by LMG during that fiscal year for all (excluding PreferMark Gold and
PreferMark Platinum) products (net of premiums returned to policyholders under
free look provisions if the aggregate premium received by LMG for the fiscal
year is less than *). LMG will retain the * on all premiums received in excess
of * in each fiscal year. Notwithstanding the foregoing, LMG’s obligation to pay
Transamerica the aforementioned * shall terminate upon LMG’s final payment of *
for the fiscal year ending July 31, 2001.     With regard to PreferMark Gold and
PreferMark Platinum, if the issue age of a policy is greater than 84 as defined
in the Death Benefit Proceeds provision of such policy form the applicable
override commission percentage is reduced by * for all premiums received for
that policy.

5. LMG Trail Commission (Column (g) above):

  Transamerica will pay LMG an annual rate, paid monthly, of * of the total
Annuity Cash Value of the policies sold under this Agreement. For the purpose of
the foregoing, Annuity Cash Value is the contract’s Cash Value which reflects
any applicable reductions, loans and withdrawals. The commission is based on the
total month end Annuity Cash Value and will be paid within six (6) business days
of month end by Transamerica via wire transfer to an LMG bank account.

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