Renewal Compensation. A fee for the second through fifteenth years equal to 2.0% of the premium paid for the policy year in question, and a fee for the sixteenth and later policy years equal to 1.2% of the premium paid for the policy year in question.
Appears in 3 contracts
Samples: Support Agreement (Penn Mutual Variable Annuity Account Iii), Penn Mutual Variable Annuity Account Iii, Penn Mutual Variable Annuity Account Iii
Renewal Compensation. A fee for the second through fifteenth years equal to 2.03.0% of the premium paid for the policy year in question, and a fee for the sixteenth and later policy years equal to 1.2% of the premium paid for the policy year in question.. (c)
Appears in 2 contracts
Samples: Support Agreement (Penn Mutual Variable Annuity Account Iii), Penn Mutual Variable Annuity Account Iii
Renewal Compensation. A fee for the second and third policy years of 4% of an amount equal to premium paid for the policy year in question, a fee for the fourth through fifteenth years years, equal to 2.04.0% of the premium paid for the policy year in question, and a fee for the sixteenth and later policy years equal to 1.2% of the premium paid for the policy year in question.
Appears in 2 contracts
Samples: Support Agreement (Penn Mutual Variable Annuity Account Iii), Penn Mutual Variable Annuity Account Iii
Renewal Compensation. A fee for the second and third policy years of 4% (4.0% where the insured has an attained age greater than 75) of an amount equal to premium paid for the policy year in question, a fee for the fourth through fifteenth years years, equal to 2.04.0% of the premium paid for the policy year in question, and a fee for the sixteenth and later policy years equal to 1.2% of the premium paid for the policy year in question.
Appears in 2 contracts
Samples: Support Agreement (Penn Mutual Variable Annuity Account Iii), Penn Mutual Variable Annuity Account Iii
Renewal Compensation. A fee for the second through fifteenth fifteen policy years equal to of 2.0% of the an amount equal to premium paid for the policy year in question, and a fee for the sixteenth and later policy years equal to 1.2% of the premium paid for the policy year in question.
Appears in 1 contract
Samples: Support Agreement (Penn Mutual Variable Annuity Account Iii)
Renewal Compensation. A fee for the second through fifteenth fifteen policy years of 3.00% of an amount equal to 2.0% of the premium paid for the policy year in question, and a fee for the sixteenth and later policy years equal to 1.21.20% of the premium paid for the policy year in question.
Appears in 1 contract
Samples: Support Agreement (Penn Mutual Variable Annuity Account Iii)