GUIDELINES AND COMMISSIONS Clause Samples

GUIDELINES AND COMMISSIONS. ON INTERNAL EXCHANGES (a) AGL INTEREST-SENSITIVE PRODUCTS TO AGL VARIABLE UNIVERSAL LIFE PRODUCTS AGL Interest-Sensitive products may be exchanged for AGL Variable Universal Life products under the following guidelines: (1) No exchanges are allowed during the first 5 Policy years of the AGL Interest-Sensitive product proposed for exchange; (2) Surrender charges will be waived for exchanges to a new Platinum Investor Survivor policy as long as the new policy's surrender charges are equal to or greater than the existing policy's surrender charges; (3) No commission will be earned on the initial exchange of any AGL Interest-Sensitive policy for an AGL VUL policy; however, the cash value may be applied against first year premiums up to the Target Premium on a no commission basis; and (4) All subsequent premiums will receive commissions calculated as described in Sections 1, 4, 5, and 6 of this Schedule B. (b) AGL TRADITIONAL PRODUCTS TO AGL VARIABLE UNIVERSAL LIFE PRODUCTS No exchanges are allowed between Traditional products and Variable Universal Life products unless specifically stated in the traditional product policy form. (c) AGL TERM INSURANCE PRODUCTS TO AGL VARIABLE UNIVERSAL LIFE PRODUCTS AGL Term Insurance products may be exchanged for AGL Variable Universal Life products under the following guidelines: (1) If the current AGL Term Insurance policy contains a conversion option, the policy may be exchanged for a Platinum Investor Survivor policy without evidence of insurability; (2) If the current Term Insurance policy is exchanged for a Platinum Investor Survivor policy, the policy owner will receive a conversion credit on the base policy only by multiplying the premium paid in year 1, up to the Target Premium, by .333. No commission is earned on the conversion;