Security Benefit Life
Insurance Company
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A Member of The Security One Security Benefit Place
Benefit Group of Companies Xxxxxx, Xxxxxx 00000-0000
(000)000-0000
MARKETING ORGANIZATION AGREEMENT
COMMISSION SCHEDULE
EliteDesignsSM Variable Annuity (the "Contract")
Marketing Organization:
(Broker/Dealer)
EFFECTIVE DATE OF COMMISSION SCHEDULE:
COMMISSIONS - This Commission Schedule is hereby made a part of and amends your
selling agreement including, but not limited to, the SBL Variable Products Sales
Agreement and/or Marketing Organization Agreement, as applicable (hereinafter
called the "Agreement"), with Security Benefit Life Insurance Company and
Security Distributors, Inc. (hereinafter jointly called "SBL"), and any
commissions payable hereunder are subject to the provisions contained in the
Agreement and this Commission Schedule. Commissions to a Marketing Organization
are equal to a percentage of each Purchase Payment written by Marketing
Organization, as follows:
1. COMMISSIONS: The rate of commissions paid with respect to Purchase Payments
applied to this Contract is 0%.
2. CHANGE OF COMMISSION SCHEDULE: Notwithstanding any other provision of the
Agreement to the contrary, the following provisions shall apply. SBL
reserves the right at any time, with or without notice, to change, modify
or discontinue any commissions or other compensation payable under this
Commission Schedule.
3. CHANGE OF DEALER: A Contract Owner shall have the right to designate a new
marketing organization, or terminate a marketing organization without
designating a replacement, by sending written notice of such designation or
termination to SBL. Upon written notice to SBL by the Contract Owner of the
designation of a new marketing organization, any commissions or asset-based
commissions shall be payable to the new marketing organization. Upon
written notice to SBL by the Contract Owner of termination of Marketing
Organization, without designating a new marketing organization, SBL shall
cease paying any commissions or other compensation to Marketing
Organization.
4. TERMINATION OF THE AGREEMENT/VESTING: In the event of termination of the
Agreement for any reason, any rights to receive commissions or other
compensation under this Commission Schedule shall be terminated.
THIS COMMISSION SCHEDULE replaces any previous Commission Schedule for the
Variable Annuity Contract listed above as of the Effective Date set forth above.
SECURITY DISTRIBUTORS, INC. SECURITY BENEFIT LIFE INSURANCE COMPANY
By: /s/ Xxxxxxx Xxxxxx By: /s/ Xxxxxxx Xxxxxx
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Title: President Title: President
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