Common use of COMMISSION CHARGEBACK PROVISIONS Clause in Contracts

COMMISSION CHARGEBACK PROVISIONS. No Commission chargebacks are applicable to any partial withdrawals, full surrenders or death claims except in the event of a free look surrender or for Contracts that have selected a CDSC Rider. In the event of a full withdrawal during the first 18 months of a Contract with a CDSC rider, SBL will charge back 100% of commissions paid in connection with the Contract. In the event of a partial withdrawal that exceeds the Free Withdrawal Amount as defined in the Contract during the first eighteen (18) months of a Contract with a CDSC Rider, SBL will charge back 100% of commissions paid in connection with the withdrawal amount that exceeds the Free Withdrawal Amount. SBL will also charge back 100% of commissions in the event of a free look surrender.

COMMISSION CHARGEBACK PROVISIONS. No Commission chargebacks are applicable to any partial withdrawals, full surrenders or death claims except in the event of a free look surrender or for Contracts that have selected a 0 Year CDSC Rider. In the event of a full withdrawal during the first 18 months of a Contract with a 0 Year CDSC rider, SBL will charge back 100% of commissions paid in connection with the Contract. In the event of a partial withdrawal that exceeds the Free Withdrawal Amount as defined in the Contract during the first eighteen (18) months of a Contract with a 0 Year CDSC Rider, SBL will charge back 100% of commissions paid in connection with the withdrawal amount that exceeds the Free Withdrawal Amount. SBL will also charge back 100% of commissions in the event of a free look surrender.