Exhibit 99.(d)(4)

AMENDMENT NO. 3

TO THE

INVESTMENT MANAGEMENT AGREEMENT

AMENDMENT NO. 3 effective February 3, 2026 (“Amendment No. 3”), to the Investment Management Agreement dated September 4, 2024 (the “Agreement”) between Venerable Investment Advisers, LLC, a Delaware limited liability company (the “Investment Adviser”), and Venerable Variable Insurance Trust, a Delaware statutory trust (the “Trust”)

WHEREAS, the Investment Adviser and the Trust desire to add newly registered series (the “New Funds”) to the Agreement;

NOW THEREFORE, the Investment Adviser and the Trust agree to modify and amend the Agreement as follows:

Except as modified and amended hereby, the Agreement is hereby ratified and confirmed in full force and effect in accordance with its terms.

[Signature Page Follows]

IN WITNESS WHEREOF, the parties have executed and delivered this Amendment No. 3 as of the date first set forth above.

VENERABLE INVESTMENT ADVISERS, LLC  

By: /s/ Michal Levy                                                                     

Name: Michal Levy                                                              

Title: Head of VIA                                                                  

VENERABLE VARIABLE INSURANCE TRUST  

By: /s/ John Bruggeman                                                            

Name: John Bruggeman                                                         

Title: Assistant Treasurer                                                       

AMENDMENT NO. 3

SCHEDULE A

As compensation for its services under the Agreement, each Fund will pay the Investment Adviser a fee computed daily at the following annual rate based on the Fund’s average daily net assets: