COMPENSATION FOR VARIABLE LIFE Year 1 115% of Target Premium 3% of Excess Premium Years 2-10 5% of Target Premium 3% of Excess Premium Year 11+ .25% annual rate of Accumulation Value, paid quarterly on average balance. Commission Chargeback Rules: During the 1st 12 months, seventy-five percent (75%) of the compensation paid will be charged back for full surrenders if compensation was annualized.