Common use of Trail Commissions Clause in Contracts

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. A trail commission of 0.150.10% 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 at the sixth earlier of: a. the tenth policy anniversary, or b. the end of the policy year in which the cumulative premium payments less partial withdrawals equals or exceeds the guideline single premium as defined by the Internal Revenue Code. 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. If trail commissions begin prior to the tenth policy anniversary pursuant to b) above, the trail commission in the first year will be calculated for the entire year.

Trail Commissions. A trail commission of 0.15% in years 1-20 and 0.10% in years 21 and later 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 monthly starting at the end beginning of a policy year the second month, provided the policy is in force (and not subject to the Grace Period provision) on such date.