Trail Commissions. A trail commission of 0.15% on an annualized basis is ----------------- calculated at the end of each month based on the policy's Account Value less policy debt at the end of the prior month. The trail commission begins on the sixth policy anniversary. The trail commission is payable annually at the end of a policy year provided the policy is in force (and not subject to the Grace Period provision) on such date.
Trail Commissions. When oldest of contract owner and annuitant is ape Annualized Percentage of Account Value
Trail Commissions. Beginning in the second policy year, trail commissions may be earned on each policy. Trail commissions are calculated at the end of each calendar quarter. In order to be eligible for trail commissions, the policy must be in force on the calculation date, and the policy must be in its second or later policy year. Trail commissions, on an annual basis, are equal to .26% of the unloaned policy value. The rate applied to the unloaned policy value to calculate the quarterly trail commission is one-fourth of the annual rate and is equal to .066% of the unloaned policy value.
Trail Commissions. Chargebacks In the event a Transamerica Elite policy is terminated for any reason other than death of the insured and the premiums received are less than the Chargeback Premium, the commission account will be charged with an amount equal to the following formula: Chargeback=(Commissions Credited Under Band 1 Premiums) x (Total Premiums Received Prior to Lesser of {.5, [1 - Termination )]} ----------------------- Chargeback Premium* *Chargeback Premium for a Transamerica Elite policy is two (2) times the Annualized Target Premium.
Trail Commissions. When Paid ---------------------------- The 0.25% annual trail is calculated on a quarterly basis as 0.0625%, and is applied to the entire unloaned accumulation value on each quarterly Policy anniversary. Payment will be made at the end of the calendar quarter immediately following the corresponding quarterly Policy anniversary. For example, for Policies issued February 1, the trail is based on the unloaned accumulation value as of February 1, but is not payable until the calendar quarter ended March 31.
Trail Commissions. For any Contracts for which a trail commission is paid, ------------------ such commission shall be credited on an annualized basis. Such commissions shall be computed monthly as of the end of each policy month on the Contract's Accumulated Value less policy debt. The trail commission shall be payable as specified in the applicable Compensation Schedule, on each Contract anniversary at the end of the Contract year. Trail commission shall be paid only if the Contract is in force on the date the trail commission becomes payable. No trail commissions whatsoever may be earned, paid, credited or accrued in any way with respect to sales in the State of New York.
Trail Commissions. Trail commissions are 0.2%, calculated monthly and paid quarterly based on PrimElite TV assets under management beginning with the second year of the contract. PFS Investments (Primerica)
Trail Commissions. For any Contracts for which a trail commission is paid, ------------------ such commission shall be credited on an annualized basis. Such commissions shall be computed monthly as of the end of each policy month on the Contract's Accumulated Value less policy debt. The trail commission shall be payable as specified in the applicable Compensation Schedule, on each Contract anniversary at the end of the Contract year. Trail commission shall be paid only if the Contract is in force on the date the trail commission becomes payable.
Trail Commissions. For policy years six and thereafter, a trail commission of 0.15% for Survivor Dimensions Variable Universal Life on an annualized basis is calculated at the end of each month based on the policy's net account value at the end of the prior month. The trail commission is payable monthly at the end of a policy month provided the policy is in force, and not subject to grace period provisions, on that date.
Trail Commissions. PAD shall process the payments of up to 30% of any Trail Commissions due and payable from the 12b-1 fees it collects in respect of the Contracts; provided, that PAD shall only fund such Trail Commissions to the extent that PAD has collected sufficient 12b-1 fees to make such payments with respect to the Trail Commissions. The Company shall be responsible for the remaining payments with respect to any and all Trail Commissions. PAD shall use commercially reasonable efforts to timely collect all 12b-1 fees due and payable to it.
