Exhibit 1.A.(3)(c)
Market Dimensions
Variable Universal Life
Dealer Concession:
Levelized Structure:
Expressed as a Percent of Premium
Year | Up to Target | Above Target | Chargeback (percent of commission) |
1 | 90% | 3.5% | 100% |
2-10 | 3.5% | 3.5% | n/a |
Bonus Structure:
Expressed as a Percent of Premium
Year | Up to Target | Above Target | Chargeback (percent of commission) |
1 | 85% | 3.5% | 100% |
2-10 | 3.5% | 3.5% | n/a |
Bonus Structure Production Bonus:
Expressed as a Percent of Paid Annualized Premium (PAP)*
PAP | Production Bonus % |
$15,000 | 5% |
$30,000 | 10% |
$45,000 | 15% |
* PAP is the lesser of the first year annualized planned premium or the annualized target premium plus 5% of annualized premium.
Asset Trail (Levelized and Bonus Structure):
Expressed as a Percent of Net Account Value
Year | Annualized Asset Trail |
6-10 | 0.25%* |
11-20 | 0.15%** |
21+ | 0.10%*** |
* Paid on average net account value on a monthly basis at a rate of 0.02083%
** Paid on average net account value on a monthly basis at a rate of 0.0125%
*** Paid on average net account value on a monthly basis at a rate of 0.00833%
Market Allowance:
Tiered Structure:
Paid Annualized Premium (PAP) 01/01/01 - 12/31/01 | Marketing Allowance | Charge back period from date of issue |
$ 0-249,999 | 0% | 1 year |
250,000-499,999 | 1% | |
500,000+ | 2% |
Levelized Structure 2%:
Target Premium 01/01/01 - 12/31/01 | Marketing Allowance | Charge back period from date of issue |
All premium up to target | 2% | 1 year |
Levelized Structure 1%:
Target Premium 01/01/01 - 12/31/01 | Marketing Allowance | Charge back period from date of issue |
All premium up to target | 1% | 1 year |