Exhibit 99.(h)(11)

AMENDMENT NO. 2

TO THE

EXPENSE LIMITATION AGREEMENT

Amendment No. 2 dated February 3, 2026 (“Amendment No. 2”) to the Expense Limitation Agreement dated September 6, 2024 (the "Agreement”) between Venerable Investment Adviser, LLC (the “Investment Adviser”) and Venerable Variable Insurance Trust (the “Trust”).

The Investment Adviser and the Trust hereby agree to modify and amend the Agreement as follows:

Venerable Real Estate Fund

Venerable International Equity Fund

Venerable Inflation Focused Fund

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

IN WITNESSS WEHREOF, the parties have executed and delivered this Amendment No.1 as of the date first above set forth.

VENERABLE INVESTMENT ADVISERS, LLC

By: /s/ Michal Levy                                                        

Name: Michal Levy                                                        

Title: Head of Venerable Investment Advisers, LLC

VENERABLE VARIABLE INSURANCE TRUST

By: /s/ John Bruggeman                                                   

Name: John Bruggeman                                                   

Title: Assistant Treasurer                                                  

AMENDMENT NO. 2

SCHEDULE A