TERM CONVERSIONS. On a term conversion in the first policy year, the term writer's first-year commissions are protected. The writer of the permanent policy will receive first-year commissions on the new policy less the FYC paid on the term policy, and will receive full renewal commissions. A term policy in its second or later policy year may be converted, and full commissions will be credited to the writer effecting the term conversion.
Appears in 2 contracts
Samples: Sales Agreement (Paragon Separate Account A), Sales Agreement (New England Variable Life Separate Account)
TERM CONVERSIONS. On a term conversion in the first policy year, the term writer's first-year commissions are protected. The writer of the permanent policy will receive first-year commissions on the new policy less the FYC paid on the term policy, and will receive full renewal commissions. A term policy in its second or later policy year may be converted, and full commissions will be credited to the writer effecting the term conversion.. Enterprise Selling Agreement MetLife Version - September 2003
Appears in 1 contract
Samples: Sales Agreement (Metropolitan Life Separate Account E)
TERM CONVERSIONS. On a term conversion in the first policy year, the term ----------------- writer's first-year commissions are protected. The writer of the permanent policy will receive first-year commissions on the new policy less the FYC paid on the term policy, and will receive full renewal commissions. A term policy in its second or later policy year may be converted, and full commissions will be credited to the writer effecting the term conversion.
Appears in 1 contract
Samples: Sales Agreement (Metlife Investors Variable Annuity Account One)
TERM CONVERSIONS. On a term conversion in the first policy year, the term ---------------- writer's first-year commissions are protected. The writer of the permanent policy will receive first-year commissions on the new policy less the FYC paid on the term policy, and will receive full renewal commissions. A term policy in its second or later policy year may be converted, and full commissions will be credited to the writer effecting the term conversion.
Appears in 1 contract
Samples: Company Sales Agreement (Paragon Separate Account B)
