EX-99.27(c)(2)
XXXXXXX NATIONAL LIFE INSURANCE COMPANY(R)
SELLING AGREEMENT
XXXXXXX NATIONAL LIFE DISTRIBUTORS, INC., MEMBER NASD.
FOR PRODUCER USE ONLY. NOT FOR PUBLIC DISTRIBUTION.
[GRAPHIC OMITTED]
XXXXXXX NATIONAL LIFE INSURANCE COMPANY(R)
XXXXXXX NATIONAL LIFE DISTRIBUTORS, INC. MEMBER NASD
SELLING AGREEMENT
This Agreement, dated, ________________________________,________ is by and among
__________________________________________________ ________________________ and
(Broker/Dealer)
____________________________________________ __________________________________,
(Agency)
_______________________________________________________________________,(Agency)
_______________________________________________________________, (Agency)
hereinafter taken together and referred to as ("Broker/Dealer"), XXXXXXX
NATIONAL LIFE INSURANCE COMPANY ("Insurer"), and XXXXXXX NATIONAL LIFE
DISTRIBUTORS, INC. (MEMBER NASD), a registered broker/dealer ("Distributor").
This Agreement is for the purpose of arranging for the distribution of certain
life and annuity contracts ("Contracts") issued by Insurer through sales people
who are licensed Insurance Agents and/or Registered Representatives of the
Broker/Dealer (collectively referred to as "Registered Representative" or
"Registered Representatives"). Broker/Dealer is itself, or is affiliated with,
an entity which is registered as a broker/dealer with the Securities and
Exchange Commission (the "SEC") and which is a member of the National
Association of Securities Dealers, Inc. (the "NASD"), and is also duly licensed
as a life insurance agency under the insurance laws of the various states in
which it operates.
In consideration of the mutual promises and covenants contained in this
Agreement, Insurer and Distributor appoint those persons who are Registered
Representatives of Broker/Dealer and licensed Insurance Agents to solicit and
procure applications for the Contracts specified in the attached Schedule B.
This appointment is not deemed to be exclusive in any manner and only extends to
those jurisdictions in which the Contracts specified in the attached Schedule B
have been approved for sale and in which Broker/Dealer and respective Registered
Representative are properly licensed and appointed. All completed applications,
supporting documents and initial and subsequent payments are the sole property
of Insurer and must be promptly delivered to Insurer at such address as it may
from time to time designate. All applications are subject to acceptance by
Insurer in its sole discretion.
1| REGISTERED REPRESENTATIVES
Broker/Dealer is authorized to recommend Registered Representatives for
appointment as licensed Insurance Agents to solicit sales of the Contracts
specified in the attached Schedule B. Broker/Dealer warrants that each such
persons recommended for appointment shall be fully licensed under the
applicable state insurance and securities laws.
Broker/Dealer is providing Distributor with a general letter of
recommendation for its Registered Representatives. See Schedule A attached
hereto. This letter must provide Distributor and Insurer with assurance
that all background investigations which are required by state and federal
laws have been made and that Broker/Dealer affirms that all appointees meet
all state and federal requirements, and should be appointed by Insurer. The
letter also warrants that all appointees have the necessary state and
federal licenses and registrations to transact business for the Insurer.
2| SALES MATERIALS
Broker/Dealer shall cause its officers, employees and Registered
Representatives not to use any material or information, including but not
limited to, written, audio, or video sales material, or prospectus unless
such material has been provided or approved by Insurer. In accordance with
the requirements of federal and certain state laws, Broker/Dealer shall
maintain complete records indicating the manner and extent of distribution
of any such solicitation material. This material shall be made available to
appropriate federal and state regulatory agencies as required by law or
regulation. Broker/Dealer shall hold Insurer, Distributor and their
respective affiliates harmless from any liability arising from the use of
any material which has not been specifically approved by Insurer or
Distributor in writing, or used in a manner which is inconsistent with
Insurer's or Distributor's approval.
Broker/Dealer and its officers, employees, and Registered Representatives
are not authorized to make any other representations concerning the
Contracts except those contained in the prospectus then in effect and/or
sales material issued and approved by Insurer or Distributor.
3| PROSPECTUS DELIVERY
Broker/Dealer shall be responsible for compliance by its Registered
Representatives with the requirements that solicitation for variable
Contracts will be made by use of a currently effective prospectus, that a
prospectus will be delivered concurrently with each sales presentation and
that no statements shall be made to a client superseding or controverting
any statement made in the prospectus. Insurer and Distributor shall furnish
Broker/Dealer reasonable quantities of prospectuses at no cost.
4| BROKER/DEALER COMPLIANCE
Broker/Dealer is a broker-dealer registered with the SEC and a member in
good standing of the NASD and shall fully comply with the rules and
requirements of the NASD and all other applicable federal and state laws,
rules and regulations, including insurance laws, applicable to the
transactions hereunder. Broker/Dealer shall establish rules, procedures,
supervisory and inspection techniques necessary to diligently supervise the
activities of its Registered Representatives. Upon request by Distributor
or Insurer, Broker/Dealer shall furnish appropriate records as are
necessary to establish diligent supervision.
In the event Broker/Dealer utilizes an affiliated entity to satisfy
broker-dealer requirements pursuant to authority granted under applicable
SEC no-action letters, such affiliated entity shall countersign this
Agreement and shall be duly bound hereby.
5| RECORDKEEPING
Broker/Dealer shall prepare and maintain full and accurate records of the
business transacted by its Registered Representatives under this Agreement
and shall forward to Insurer and Distributor such reports of said business
as Insurer or Distributor may prescribe. Insurer and Distributor shall have
the right to examine said records at reasonable times.
6| INDEMNIFICATION
Broker/Dealer agrees to hold harmless and indemnify Distributor and Insurer
and their respective affiliates from any and all claims, direct or indirect
liabilities, losses and expenses which any such party may incur resulting
from requests, directions, actions or inactions of Broker/Dealer and/or its
officers, employees, or Registered Representatives based upon: (a) any
alleged untrue or untrue statement made by Broker/Dealer and/or its
officers, employees, or Registered Representatives, unless such statement
is contained in the registration statement, prospectus, or any Distributor
or Issuer approved sales material for any Contract, or (b) the failure of
Broker/Dealer and/or its officers, employees, or Registered Representatives
to comply with any provision of this Agreement.
Broker/Dealer agrees to cause its Registered Representatives to promptly
deliver Contracts and holds Insurer and Distributor harmless from and
against any market loss or other claim resulting from late delivery by
Registered Representative of Broker/Dealer to the owner of the Contract.
7| FIDELITY BOND
Broker/Dealer represents that all its directors, officers, employees and
Registered Representatives who have access to funds of Insurer or who are
covered by this Agreement are and will continue to be covered by a blanket
fidelity bond including coverage for larceny, embezzlement and other
defalcation, issued by a reputable bonding company. This bond shall be
maintained at Broker/Dealer expense. Such bond shall be at least equivalent
to the minimum coverage required under the NASD Rules of Fair Practice,
endorsed to extend coverage to life insurance and annuity transactions.
Broker/Dealer acknowledges that Insurer may require evidence that such
coverage is in force, and Broker/Dealer shall promptly give notice to
Insurer of any notice of cancellation or change of coverage.
Broker/Dealer assigns any proceeds received from the fidelity bond company
to Insurer to the extent of Insurer's loss due to activities covered by the
bond. If there is any deficiency, Broker/Dealer shall promptly pay Insurer
that amount on demand and Broker/Dealer indemnifies and holds harmless
Insurer from any deficiency and from the cost of collection.
8| LIMITATIONS OF AUTHORITY
The Contract forms are the sole property of Insurer. No person other than
Insurer has the authority to make, alter or discharge any policy, Contract,
certificate, supplemental contract or form issued by Insurer. Insurer may
make such changes as it deems advisable in the conduct of its business or
discontinue at any time issuing any of its forms or contracts and no
liability to the Broker/Dealer will attach to Insurer or Distributor by
reason of Insurer so doing. No person other than Insurer has the right to
waive any provision with respect to any Contract or policy. No person other
than Insurer has the authority to enter into any proceeding in a court of
law or before a regulatory agency in the name of or on behalf of Insurer.
9| COOPERATION
Broker/Dealer and its directors, officers, employees and Registered
Representatives shall cooperate with Insurer and/or Distributor in the
investigation and settlement of all claims against Broker/Dealer and/or its
directors, officers, employees, and Registered Representatives relating to
the solicitation or sale of Contracts under this Agreement. Broker/Dealer
shall promptly forward to Insurer and/or Distributor any notice or other
relevant information that may come into its possession.
10| PRINCIPLES OF ETHICAL MARKET CONDUCT
In all matters relating to the sale and marketing of life insurance and
annuity products, Insurer is fully committed to the following Principles:
(1) To conduct business according to high standards of honesty and fairness
and to render that service to its clients that, in the same circumstances,
it would apply to or demand for itself; (2) To provide competent and
client-focused sales and service; (3) To engage in active and fair
competition; (4) To provide advertising and sales material that are clear
as to purpose, and honest and fair as to content; (5) To handle client
complaints and disputes fairly and expeditiously; and (6) To maintain a
system of oversight and review that is reasonably designed to achieve
compliance with these Principles of Ethical Market Conduct. Broker/Dealer
acknowledges and agrees that it and its directors, officers, employees, and
Registered Representatives will conduct all of their activities that are
within the scope of this Agreement in accordance with these Principles.
11| CONFIDENTIALITY
No Party to the Agreement shall disclose to any person or entity, or use
for its own account, any other Party's trade secrets or confidential
information including, without limitation, proprietary information,
information as to the Party's business methods, operations and affairs,
processes and systems used in the operation of its business, or information
concerning third parties to whom a Party owes a duty of confidentiality
("Confidential Information"), except as allowed by applicable regulation,
or required to be disclosed to governmental regulators or pursuant to
judicial or administrative process or subpoena.
12| GENERAL PROVISIONS
A| WAIVER
Failure of any of the parties to promptly insist upon strict
compliance with any of the obligations of any other party under this
Agreement shall not be deemed to constitute a waiver of the right to
enforce strict compliance.
B| INDEPENDENT CONTRACTOR
Broker/Dealer is an independent contractor and not an employee or
subsidiary of Distributor or Insurer. (Registered Representatives are
independent contractors and not employees of Distributor or Insurer.)
C| INDEPENDENT ASSIGNMENT
No assignment of this Agreement or of commissions or other payments
under this Agreement shall be valid without the prior written consent
of Insurer.
D| NOTICE
Any notice pursuant to this Agreement shall be mailed, postage paid,
to the last address communicated by the receiving party to other
parties to this Agreement.
E| SEVERABILITY
To the extent this Agreement may be in conflict with any applicable
law or regulation, this Agreement shall be construed in a manner not
inconsistent with such law or regulation. The invalidity or illegality
of any provision of this Agreement shall not be deemed to affect the
validity or legality of any other provision of this Agreement.
F| AMENDMENT
This Agreement may be amended in writing signed by the parties to this
Agreement.
G| TERMINATION
This Agreement may be terminated by any party upon written notice, and
termination shall be effective immediately.
H| MICHIGAN LAW
This Agreement shall be construed in accordance with the laws of the
state of Michigan.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date set
forth above. BROKER/DEALER:
_______________________________________ ____________________________________________
Name of Broker/Dealer Name of Life Agent or Agency (if other than Broker/Dealer)
_______________________________________ ____________________________________________
Address Address
_______________________________________ ____________________________________________
Signature: _______________________________ Signature: ___________________________________
Print Name: _____________________________ Print Name: __________________________________
Title: __________________________________ Title: _______________________________________
Date: __________________________________ Date: _______________________________________
XXXXXXX NATIONAL LIFE XXXXXXX NATIONAL
INSURANCE COMPANY LIFE DISTRIBUTORS, INC.
0 XXXXXXXXX XXX 000 XXXXXXXX XXXXXXXXX, XXX. 0000
XXXXXXX, XX 00000 XXXXX XXXXXX, XX 00000
Signature: ______________________________ Signature: __________________________________
Print Name: ____________________________ Print Name: _________________________________
Title: _________________________________ Title: ______________________________________
Date: _________________________________ Date: ______________________________________
SCHEDULE A
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GENERAL LETTER OF RECOMMENDATION
Broker/Dealer hereby certifies to Distributor and Insurer that all the following
requirements shall be fulfilled by Broker/Dealer in conjunction with the
submission of licensing/appointment papers for all applicants as Insurance
Agents. Broker/Dealer, upon request, will forward proof of compliance with the
same to Distributor and Insurer in a timely manner.
1. We have made a thorough investigation relative to each applicant's
identity, residence and business reputation and declare that each applicant
is personally known to us, has been examined by us, has a good business
reputation, is reliable, is financially responsible and is worthy of a
license. Each individual is trustworthy, competent and qualified to act as
an agent for Insurer to hold himself out in good faith to the general
public.
2. We have on file a U-4 form which was completed by each applicant intending
to sell the Variable Contracts. We have fulfilled all the necessary
investigative requirements for the registration of each applicant as a
Registered Representative through our NASD member firm, and each applicant
is presently registered as an NASD Registered Representative. The above
information in our files indicated no fact or condition which would
disqualify the applicant from receiving a license, and all the findings of
all investigative information is favorable.
3. We certify that all educational requirements have been met for the specific
jurisdiction each applicant is requesting a license/appointment in and that
all such persons have fulfilled the appropriate examination, education and
training requirements, and that all such persons are appropriately
affiliated with the Broker/Dealer as agents in the specific jurisdiction
each applicant is requesting appointment/licensure.
4. If the applicant is required to submit his picture, his signature, and
securities registration in the jurisdiction in which he is applying for a
license, we certify that those items forwarded to Distributor and Insurer
are those of the applicant, and the securities registration is a true copy
of the original.
5. We hereby warrant that the applicant is not applying for a license with
Insurer in order to place insurance chiefly or solely on his life or
property, lives or property of his relatives, or liability of his
associates.
6. We certify that each applicant will receive close and adequate supervision
and that we will make inspection, when needed, of any or all risks written
by these applicants, to the end that the insurance interest of the public
will be properly protected.
7. We will not permit any applicant to transact insurance as a Registered
Representative until duly licensed and appointed therefore. No applicants
have been given a contract or furnished supplies, nor have any applicants
been permitted to write, solicit business, or act as a Registered
Representative in any capacity, and they will not be so permitted until the
certificate of authority or license applied for, or appointment
confirmation (where required) is received.
_________________________________ ___________________________________________
Principal Date
Schedule B
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COMMISSION SCHEDULES: TERMS & CONDITIONS
ALL PRODUCTS
These Commission Schedules are attached to and part of the Xxxxxxx National Life
Insurance Company and Xxxxxxx National Life Distributors, Inc. Selling Agreement
to which they are appended. They are subject to the terms and conditions of the
Agreement. In no event shall the Insurer be liable for payment with respect to
any solicitation made, in whole or in part, by any person not appropriately
licensed, registered and appointed with Insurer (where required) prior to the
commencement of such solicitation.
Insurer will pay all compensation due Broker/Dealer, or due any Registered
Representatives of Broker/Dealer, either directly to Broker/Dealer or, as
necessary to meet legal requirements, to the licensed Broker/Dealer affiliate or
individual Registered Representatives. Broker/Dealer hereby warrants that all
necessary contractual arrangements are in place to enable Insurer to pay
Broker/Dealer, or any affiliate, for business produced by Registered
Representatives of Broker/Dealer in the jurisdiction in which they hold
licenses. Broker/Dealer shall pay all compensation, if any, due to any person
including Registered Representatives of Broker/Dealer with respect to Contracts
which are subject to this Agreement, and no such Registered Representative of
Broker/Dealer, or other person shall have any claim against Insurer on account
of the sale or service of any such Contracts. Insurer shall have no obligation
to make compensation payments except as provided herein. The Insurer shall not
be liable, and the Broker/Dealer agrees to reimburse Insurer for any commissions
paid by the Insurer hereunder with respect to: (a) a Contract (excluding
annuitized Contracts) where the date of death is within six months from the date
the Contract is issued if the owner's death (or annuitant's death on an
annuitant-driven Contract) resulted from any cause or means other than from
bodily injuries effected solely through accidental means; (b) a Contract
(excluding annuitized Contracts, and immediate annuities) where illness brings
about (or "results in") the Owner's request of a Terminal Illness Benefit prior
to or within six months from the date the Contract was issued; (c) a Contract
returned to the Insurer pursuant to the "Free Look" provision of the Contract;
(d) a Contract that is rescinded or not issued by the Insurer, as determined by
the Insurer in its sole discretion; (e) any situation in which the Broker/Dealer
and/or Registered Representative fails to conform to applicable state
regulations and/or Insurer policies and procedures; (f) any situation in which
the Broker/Dealer and/or Registered Representative fails to reasonably cooperate
with the Insurer; (g) an immediate annuity Contract where the premium is
returned and the Contract is terminated prior to the first annuity payment; (h)
a full surrender of a Perspective AdvisorsSM Contract within 12 months from the
date the Contract is issued, based on the chargeback scale noted on that
commission schedule; (i) a Contract in which the Nursing Home Waiver is
exercised within six months from the date the Contract was issued, based on
premiums withdrawn that were received during that six-month period, up to a
maximum of commissions paid on $250,000 in premium; or (j) a Contract in which
the Accelerated Benefit is exercised within six months from the date the
Contract was issued, based on the percentage of premiums withdrawn that were
received during that six-month period, up to a maximum of 25% of the commissions
paid. Any such Commissions paid shall be charged back to the Broker/Dealer.
Broker/Dealer agrees to remit payment for outstanding balances within 90 days.
The Insurer reserves the right to automatically recoup any charged back
commission by offsetting them against current and/or future commission credits,
when available.
JNL(R) retains the right to withhold commission payment until expiration of the
"Free Look" provision.
ISSUE AGE ON OWNER-DRIVEN CONTRACTS
If Owner is a non-natural entity, commission calculation is based on Annuitant's
age. If Joint Owners, commission calculation is based on older age.
All contracts and commission schedules are subject to change and may not be
available in all states.
FIXED ANNUITIES AND LIFE INSURANCE ONLY
Commissions are not paid on renewal premiums which are deducted from a
Contract's cash accumulation account. Renewal commissions shall not be allowed
on premiums deposited into an advance premium account unless and until such
premiums are due. No first-year commissions are payable on Preliminary Term
Insurance premiums or on Flat Extra Premium assessed for nine (9) years or less.
The Broker/Dealer shall not be entitled to first-year or renewal commissions on
premiums waived or paid by the Insurer under the Waiver of Premium provisions of
any Contract. No first-year commissions are payable on flexible-premium
annuities where the annuitant has an existing flexible premium annuity meeting
the same tax-qualifications criteria as the existing annuity. The premium will
be treated as a subsequent deposit, and the Broker/Dealer will be entitled to
the current renewal commission. The Insurer reserves the right to offer
different commission terms for Flexible Premium Fixed Annuity Contracts on
renewal deposits in excess of $500,000.
When submitting an application for life insurance, Broker/Dealer agrees to cause
its Registered Representatives to provide current and accurate medical and
health information concerning each proposed insured. Broker/Dealer further
agrees to cause its Registered Representative to update such information if,
prior to contract delivery, Broker/Dealer or Registered Representatives know or
reasonably should know that the Insurer's information concerning the proposed
insured is no longer accurate. Broker/Dealer agrees not to make delivery of an
Insurer's life insurance policy on behalf of Insurer if the Broker/Dealer or its
Registered Representatives have reasonable cause to believe that the health of
the proposed insured has changed since the time of the application for that
contract, and further agrees to contact the Insurer for instructions.
COMMISSION OPTION SELECTION
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The Commission Schedules for both Registered Products (variable annuities) and
Non-Registered Products (traditional fixed annuities, equity-indexed annuities,
and life insurance) are on the following pages. Please review these schedules
and indicate the Commission Options selected on this page.
1| REGISTERED PRODUCTS (VARIABLE ANNUITIES)
The Commission Option Selection(s) and Default Commission Option Selection
made on this page apply to ALL registered product business produced by
Broker/Dealer and its Registered Representatives pursuant to the Xxxxxxx
National Life Insurance Company/Xxxxxxx National Life Distributors, Inc.
Selling Agreement. (EXAMPLE: IF YOU CHOOSE OPTION A BELOW, YOU HAVE CHOSEN
OPTION A FOR ALL XXXXXXX NATIONAL LIFE INSURANCE COMPANY VARIABLE ANNUITIES
SOLD BY BROKER/DEALER AND ITS REGISTERED REPRESENTATIVES.)
_______________ Option A
(Initial and Date)
IF BROKER/DEALER FAILS TO INITIAL ANY OF THE OPTION
_______________ Option B SELECTIONS, IT IS AGREED THAT BROKER/DEALER HAS
(Initial and Date) SELECTED ALL OF THE COMMISSION OPTION SELECTIONS.
_______________ Option C
(Initial and Date)
BROKER/DEALER'S DEFAULT SELECTION IS OPTION _____ if more than one Commission
Option is available, and Registered Representative fails to make selection on
business submitted to Insurer.
If the Broker/Dealer fails to select a default option (if more than one
Commission Option is available and Registered Representative fails to make
selection on business submitted to Insurer), it is agreed that Broker/Dealer's
default selection is Option A.
INTERNAL EXCHANGES:
For Broker/Dealers who have selected Option C above, it is agreed that Option A
is elected.
2| NON-REGISTERED PRODUCTS (TRADITIONAL FIXED ANNUITIES, EQUITY-INDEXED
ANNUITIES, AND LIFE INSURANCE)
The Commission Option Selection(s) and Default Commission Option Selection
made on the next page apply to ALL non-registered product business produced
by Broker/Dealer and its Registered Representative pursuant to the Xxxxxxx
National Life Insurance Company/Xxxxxxx National Life Distributors, Inc.
Selling Agreement. (EXAMPLE: IF YOU CHOOSE OPTION A BELOW, YOU HAVE CHOSEN
OPTION A FOR ALL XXXXXXX NATIONAL LIFE INSURANCE COMPANY TRADITIONAL FIXED
ANNUITIES, EQUITY-INDEXED ANNUITIES, AND LIFE INSURANCE PRODUCTS SOLD BY
BROKER/DEALER AND ITS REGISTERED REPRESENTATIVES.)
_____________ Option A
(Initial and Date)
IF BROKER/DEALER FAILS TO INITIAL ANY OF THE OPTION
_____________ Option B SELECTIONS, IT IS AGREED THAT BROKER/DEALER HAS
(Initial and Date) SELECTED ALL OF THE COMMISSION OPTION SELECTIONS.
_____________ Option C
(Initial and Date)
BROKER/DEALER'S DEFAULT SELECTION IS OPTION _____ if more than one Commission
Option is available, and Registered Representative fails to make selection on
business submitted to Insurer.
If the Broker/Dealer fails to select a default option (if more than one
Commission Option is available and Registered Representative fails to make
selection on business submitted to Insurer), it is agreed that Broker/Dealer's
default selection is Option A.
REGISTERED PRODUCT COMMISSION SCHEDULES
(Perspective II(R), Perspective Focus(R), Defined StrategiesSM, Perspective
AdvisorsSM, PerspectiveSM, and Perspective AdvantageSM)
The Registered Product Commission Schedules on the following pages shall be
subject to all the provisions and restrictions contained in the Xxxxxxx National
Life Insurance Company/Xxxxxxx National Life Distributors, Inc. Selling
Agreement, including but not limited to the chargeback provisions.
The following Commission Schedules shall apply to business produced by
Broker/Dealer and its Registered Representatives pursuant to this Xxxxxxx
National Life Insurance Company/Xxxxxxx National Life Distributors, Inc. Selling
Agreement.
The Insurer reserves the right to modify or terminate the commissions set forth
in these schedules.
INTERNAL EXCHANGE COMMISSION SCHEDULES
(JNL Fixed Annuity Contracts Exchanged for Perspective II, Perspective Focus,
Defined Strategies, Perspective, and Perspective Advantage)
The Internal Exchange Commission Schedules on the following pages shall apply to
Xxxxxxx National Life Insurance Company fixed annuity Contracts exchanged for
Perspective II, Perspective, Defined Strategies, or Perspective Advantage
Contracts by Broker/Dealer pursuant to the Xxxxxxx National Life Insurance
Company and Xxxxxxx National Life Distributors, Inc. Selling Agreement and the
internal exchange policies in effect at the time of the transfer.
Exchanges from Dual Fund TS Annuities, JNL Target
Select(R)/SelectSM/PathFinder(R) Annuities and fixed annuity contracts with a
loan outstanding ARE NOT ALLOWED.
The Insurer reserves the right to modify or terminate the commission schedules
and policies.
INTERNAL EXCHANGE
(JNL Fixed Annuity Contracts Exchanged for Perspective Advisors)
On Xxxxxxx National Life Insurance Company fixed annuity Contracts exchanged for
Perspective Advisors Contracts, withdrawal charges, Market Value Adjustments
(MVAs), Excess Interest Adjustments (EIAs), Weighted Index Value Adjustments
(WIVAs), and interest rate adjustments will NOT be waived on the JNL fixed
annuity Contracts. Full commission will be paid on the new Perspective Advisors
Contracts.
The Insurer reserves the right to modify or terminate the commission schedules
and policies.
REGISTERED PRODUCT INTERNAL EXCHANGES
(Perspective II, Perspective Focus, Perspective Advisors, Defined Strategies,
Perspective, and Perspective Advantage)
On Xxxxxxx National Life Insurance Company Registered Product Contracts
exchanged for other JNL Registered Product Contracts, surrender charges
remaining (if any) on the Contract being exchanged are NOT waived. No commission
will be paid on the new Registered Product Contract.
The Insurer reserves the right to modify or terminate the commission schedules
and policies.
NON-REGISTERED PRODUCT COMMISSION SCHEDULES
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LIFE AND ANNUITY CONTRACTS
The Non-Registered Product Commission Schedules on the following pages shall be
subject to all the provisions and restrictions contained in the Xxxxxxx National
Life Insurance Company/Xxxxxxx National Life Distributors, Inc. Selling
Agreement, including but NOT limited to the chargeback provisions.
The following Commission Schedules shall apply to business produced by
Broker/Dealer and its Registered Representatives pursuant to this Xxxxxxx
National Life Insurance Company/Xxxxxxx National Life Distributors, Inc. Selling
Agreement. However, nothing contained herein shall require payment of
commissions to Broker/Dealer for business submitted directly to the Insurer by
any Registered Representative with an agreement and appointment with the
Insurer.
The Insurer reserves the right to modify or terminate the commissions set forth
in these schedules.
If commission rates are not shown, or where special premium rate quotations are
made, commission rates shall be such as may be fixed by the Insurer.
PLEASE SEE THE FOLLOWING PAGES FOR COMMISSION SCHEDULES PURSUANT TO THIS XXXXXXX
NATIONAL LIFE INSURANCE COMPANY/XXXXXXX NATIONAL LIFE DISTRIBUTORS, INC. SELLING
AGREEMENT.
COMMISSION SCHEDULE
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Perspective II Fixed and Variable AnnuitySM Contracts (VA250)
OWNER ISSUE AGE COMMISSION OPTIONS
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0 TO 80 OPTION A 6.50% OF PREMIUM PAYMENT UP FRONT
- OR -
OPTION B 5.00% OF PREMIUM PAYMENT UP FRONT
+0.50% ANNUAL TRAIL COMMISSION
- OR -
OPTION C 2.00% OF PREMIUM PAYMENT UP FRONT
+1.00% ANNUAL TRAIL COMMISSION
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81 TO 85 OPTION A 3.25% OF PREMIUM PAYMENT UP FRONT
- OR -
OPTION B 2.50% OF PREMIUM PAYMENT UP FRONT
+0.50% ANNUAL TRAIL COMMISSION
- OR -
OPTION C 2.00% OF PREMIUM PAYMENT UP FRONT
+1.00% ANNUAL TRAIL COMMISSION
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86 TO 90 OPTION A, B, AND C 1.00% OF PREMIUM PAYMENT UP FRONT
+1.00% ANNUAL TRAIL COMMISSION
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TRAIL COMMISSIONS:
Trail commissions are paid quarterly, based on Contract value calculated at the
end of each calendar quarter. Trail commissions are paid on each Contract that
has been in force at least 12 months. Annual trail commissions from above
schedule end upon annuitization or payment of Death Benefit.
INTERNAL EXCHANGE COMMISSION SCHEDULE
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Perspective II Fixed and Variable AnnuitySM Contracts (VA250)
ISSUE AGES 0-80
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COMMISSION
OPTION B
PERCENTAGE OF INITIAL PREMIUM/ ANNUAL
COMMISSION TRAIL PERCENTAGE ON
WITHDRAWAL CHARGE REMAINING ON OPTION A CONTRACT THAT HAS BEEN IN FORCE AT LEAST
JNL FIXED ANNUITY CONTRACT PERCENTAGE ON INITIAL PREMIUM 12 MONTHS
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6.25% - 7.00% NONE NOT AVAILABLE
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5.75% - 6.24% 0.50%/0% NOT AVAILABLE
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5.25% - 5.74% 1.00%/0% NOT AVAILABLE
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4.75% - 5.24% 1.50%/0% NOT AVAILABLE
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4.25% - 4.74% 2.00%/0% 0.50%/0.50%
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3.75% - 4.24% 2.50%/0% 1.00%/0.50%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
3.25% - 3.74% 3.00%/0% 1.50%/0.50%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
2.75% - 3.24% 3.50%/0% 2.00%/0.50%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
2.25% - 2.74% 4.00%/0% 2.50%/0.50%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
1.75% - 2.24% 4.50%/0% 3.00%/0.50%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
1.25% - 1.74% 5.00%/0% 3.50%/0.50%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
0.75% - 1.24% 5.50%/0% 4.00%/0.50%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
0.25% - 0.74% 6.00%/0% 4.50%/0.50%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
LESS THAN 0.25% 6.50%/0% 5.00%/0.50%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
ISSUE AGES 81-85
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
COMMISSION
OPTION B
PERCENTAGE OF INITIAL PREMIUM/ ANNUAL
COMMISSION TRAIL PERCENTAGE ON
WITHDRAWAL CHARGE REMAINING ON OPTION A CONTRACT THAT HAS BEEN IN FORCE AT LEAST
JNL FIXED ANNUITY CONTRACT PERCENTAGE ON INITIAL PREMIUM 12 MONTHS
-------------------------------------------- -------------------------------------------- ----------------------------------------
-------------------------------------------- -------------------------------------------- ----------------------------------------
3.75% - 7.00% NONE NOT AVAILABLE
-------------------------------------------- -------------------------------------------- ----------------------------------------
-------------------------------------------- -------------------------------------------- ----------------------------------------
3.25% - 3.74% NONE NOT AVAILABLE
-------------------------------------------- -------------------------------------------- ----------------------------------------
-------------------------------------------- -------------------------------------------- ----------------------------------------
2.75% - 3.24% 0.25%/0% NOT AVAILABLE
-------------------------------------------- -------------------------------------------- ----------------------------------------
-------------------------------------------- -------------------------------------------- ----------------------------------------
2.25% - 2.74% 0.75%/0% NOT AVAILABLE
-------------------------------------------- -------------------------------------------- ----------------------------------------
-------------------------------------------- -------------------------------------------- ----------------------------------------
1.75% - 2.24% 1.25%/0% 0.50%/0.50%
-------------------------------------------- -------------------------------------------- ----------------------------------------
-------------------------------------------- -------------------------------------------- ----------------------------------------
1.25% - 1.74% 1.75%/0% 1.00%/0.50%
-------------------------------------------- -------------------------------------------- ----------------------------------------
-------------------------------------------- -------------------------------------------- ----------------------------------------
0.75% - 1.24% 2.25%/0% 1.50%/0.50%
-------------------------------------------- -------------------------------------------- ----------------------------------------
-------------------------------------------- -------------------------------------------- ----------------------------------------
0.25% - 0.74% 2.75%/0% 2.00%/0.50%
-------------------------------------------- -------------------------------------------- ----------------------------------------
-------------------------------------------- -------------------------------------------- ----------------------------------------
LESS THAN 0.25% 3.25%/0% 2.50%/0.50%
-------------------------------------------- -------------------------------------------- ----------------------------------------
COMMISSION SCHEDULE
--------------------------------------------------------------------- --------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
Perspective Focus Fixed and Variable Annuity(R)Contracts (VA260)
OWNER ISSUE AGE COMMISSION OPTIONS
------------------------------------------------------------------------------------------------------------------------------
0 TO 80 OPTION A 5.00% OF PREMIUM PAYMENT UP FRONT
+1.00% ANNUAL TRAIL COMMISSION IN CONTRACT
YEARS 4+ (PAID ON PREMIUMS AGED THREE
YEARS)
- OR -
OPTION B 3.00% OF PREMIUM PAYMENT UP FRONT
+1.05% ANNUAL TRAIL COMMISSION IN CONTRACT
YEARS 2+
------------------------------------------------------------------------------------------------------------------------------
81 TO 85 OPTION A 2.50% OF PREMIUM PAYMENT UP FRONT
+0.50% ANNUAL TRAIL COMMISSION IN CONTRACT
YEARS 4+ (PAID ON PREMIUMS AGED THREE YEARS)
- OR -
OPTION B 1.50% OF PREMIUM PAYMENT UP FRONT
+0.525% ANNUAL TRAIL COMMISSION IN CONTRACT
YEARS 2+
----------------------------------------------------------- ------------------------------------------------------------------
86 TO 90 OPTION A AND B 0.50% OF PREMIUM PAYMENT UP FRONT
+0.50% ANNUAL TRAIL COMMISSION IN CONTRACT
YEARS 2+
----------------------------------------------------------- ------------------------------------------------------------------
TRAIL COMMISSIONS:
Trail commissions for Option A ages 0-85 are paid beginning on the calendar
quarter following three years after the premium payment has been paid. The trail
commission will be paid based upon the portion of the contract value associated
with premiums that have remained in the contract for at least three years.
Premiums may be reduced for withdrawals.
Trail commissions for Option B ages 0-85, as well as Option A and Option B ages
86-90 are paid quarterly based on the contract value calculated at the end of
each calendar quarter. Trail commissions are paid on each contract that has been
in force at least 12 months.
Annual Trail commissions from the above schedule end upon annutization or
payment of death benefit.
The Commission Option selected shall be the same as currently on file with
Insurer for Broker/Dealer's Registered Products default selection. For those
Broker/Dealers who have selected Option C, it is agreed that Option A is
selected.
INTERNAL EXCHANGE COMMISSION SCHEDULE
------------------------------------------------------------------------------------------- ----------------------------------------
Perspective Focus Fixed and Variable Annuity(R)Contracts (VA260)
ISSUE AGES 0-80
------------------------------------------- -------------------------------------------- -------------------------------------------
COMMISSION COMMISSION
OPTION A OPTION B
PERCENTAGE ON INITIAL PREMIUM/ANNUAL TRAIL PERCENTAGE OF INITIAL PREMIUM/ ANNUAL
PERCENTAGE ON CONTRACT THAT HAS BEEN IN TRAIL PERCENTAGE ON
WITHDRAWAL CHARGE REMAINING ON FORCE AT LEAST 36 MONTHS CONTRACT THAT HAS BEEN IN FORCE AT LEAST
JNL FIXED ANNUITY CONTRACT 12 MONTHS
------------------------------------------- -------------------------------------------- -------------------------------------------
2.75% - 3.00% NONE NONE
------------------------------------------- -------------------------------------------- -------------------------------------------
2.25% - 2.74% 0.50%/1.00% 0.50%/1.05%
------------------------------------------- -------------------------------------------- -------------------------------------------
1.75% - 2.24% 1.00%/1.00% 1.00%/1.05%
------------------------------------------- -------------------------------------------- -------------------------------------------
1.25% - 1.74% 1.50%/1.00% 1.50%/1.05%
------------------------------------------- -------------------------------------------- -------------------------------------------
0.75% - 1.24% 2.00%/1.00% 2.00%/1.05%
------------------------------------------- -------------------------------------------- -------------------------------------------
0.25% - 0.74% 2.50%/1.00% 2.50%/1.05%
------------------------------------------- -------------------------------------------- -------------------------------------------
LESS THAN 0.25% 3.00%/1.00% 3.00%/1.05%
------------------------------------------- -------------------------------------------- -------------------------------------------
ISSUE AGES 81-85
------------------------------------------- -------------------------------------------- -------------------------------------------
COMMISSION COMMISSION
OPTION A OPTION B
PERCENTAGE ON INITIAL PREMIUM/ANNUAL TRAIL PERCENTAGE OF INITIAL PREMIUM/ ANNUAL
PERCENTAGE ON CONTRACT THAT HAS BEEN IN TRAIL PERCENTAGE ON
WITHDRAWAL CHARGE REMAINING ON FORCE AT LEAST 36 MONTHS CONTRACT THAT HAS BEEN IN FORCE AT LEAST
JNL FIXED ANNUITY CONTRACT 12 MONTHS
------------------------------------------ -------------------------------------------- --------------------------------------------
2.50% NONE NONE
------------------------------------------ -------------------------------------------- --------------------------------------------
2.25% NONE NONE
------------------------------------------ -------------------------------------------- --------------------------------------------
1.75% NONE NONE
------------------------------------------ -------------------------------------------- --------------------------------------------
1.25% NONE NONE
------------------------------------------ -------------------------------------------- --------------------------------------------
0.75% 0.50%/0.50% 0.50%/0.525%
------------------------------------------ -------------------------------------------- --------------------------------------------
0.25% 1.00%/0.50% 1.00%/0.525%
------------------------------------------ -------------------------------------------- --------------------------------------------
LESS THAN 0.25% 1.50%/0.50% 1.50%/0.525%
------------------------------------------ -------------------------------------------- --------------------------------------------
TRAIL COMMISSIONS:
Trail commissions for Option A ages 0-85 are paid on the calendar quarter
following three years after the premium payment has been paid. The trail
commission will be paid based upon the portion of the contract value associated
with premiums that have remained in the contract for at least three years.
Premiums may be reduced for withdrawals.
Trail commissions for Option B ages 0-85 are paid quarterly based on the
contract value calculated at the end of each calendar quarter.
Annual trail commissions from the above schedule end upon annuitization or
payments of death benefit.
COMMISSION SCHEDULE
--------------------------------------------------------------------------------
Perspective Advisors Fixed and Variable Annuity(R)Contracts (VA400)
COMMISSIONS
--------------------------------------------------------------------------------
1.10% INITIAL + 1.10% ANNUAL TRAIL (UP-FRONT COMMISSION IS PAID ON INITIAL
PREMIUM AND SUBSEQUENT PAYMENTS RECEIVED WITHIN ONE YEAR OF THE CONTRACT ISSUE
DATE.
--------------------------------------------------------------------------------
TRAIL COMMISSIONS:
Trail commissions are paid on each Contract that has been in force for at least
12 months. Trail commissions are paid quarterly, based on Contract value
calculated at the end of each calendar year.
PERSPECTIVE ADVISORS CHARGEBACK SCHEDULE
In addition to the provision for 100% commission chargebacks as outlined in the
"All Products" Section of Schedule B, the following chargeback schedule applies
if a surrender is made within 12 months from the date the Contract is issued:
o the 1st day of the Contract through the last day of the 3rd month from the
Contract issue date, 100% of all commission paid on all premiums withdrawn
(initial and subsequent) is charged back.
o the 1st day of the 4th month through the last day of the 6th month from the
Contract issue date, 75% of all commission paid on all premiums withdrawn
(initial and subsequent) is charged back.
o the 1st day of the 7th month through the last day of the 9th month from the
Contract issue date, 50% of all commission paid on all premiums withdrawn
(initial and subsequent) is charged back.
o the 1st day of the 10th month through the last day of the 12th month from
the Contract issue date, 25% of all commission paid on all premiums
withdrawn (initial and subsequent) is charged back.
Commission and chargeback schedule applies to Contracts issued on and after
April 1, 2001.
For the purpose of calculating the chargeback upon partial withdrawal, premiums
are assumed to be withdrawn before earnings.
COMMISSION SCHEDULE
--------------------------------------------------------------------- --------------------------------------------------------------
Defined Strategies Variable Annuity(R) Contracts (VA200)
OWNER ISSUE AGE COMMISSION OPTIONS
--------------------------------------------------------------------- --------------------------------------------------------------
UNDER 81 OPTION A 6.50% OF PREMIUM PAYMENT
- OR -
OPTION B 5.50% OF PREMIUM PAYMENT
+0.25% ANNUAL TRAIL COMMISSION
- OR -
OPTION C 2.00% OF PREMIUM PAYMENT
+1.00% ANNUAL TRAIL COMMISSION
--------------------------------------------------------------------- -------------------------------------------------------------
81 TO 85 OPTION A 3.25% OF PREMIUM PAYMENT
- OR -
OPTION B 2.75% OF PREMIUM PAYMENT
+0.25% ANNUAL TRAIL COMMISSION
- OR -
OPTION C 2.00% OF PREMIUM PAYMENT
+1.00% ANNUAL TRAIL COMMISSION
--------------------------------------------------------------------- --------------------------------------------------------------
86 TO 90 OPTION A, B, AND C 1.00% OF PREMIUM PAYMENT
+1.00% ANNUAL TRAIL COMMISSION
--------------------------------------------------------------------- --------------------------------------------------------------
TRAIL COMMISSIONS:
Trail commissions are paid quarterly, based on Contract value calculated at the end of each calendar quarter. Trail commissions are
paid on each Contract that has been in force at least 12 months.
INTERNAL EXCHANGE COMMISSION SCHEDULE
------------------------------------------------------------------------------------------- ----------------------------------------
Defined Strategies Variable Annuity(R) Contracts (VA200)
ISSUE AGES 0-80
---------------------------------------------- -------------------------------------------- ----------------------------------------
COMMISSION
OPTION B
PERCENTAGE OF INITIAL PREMIUM/ ANNUAL
COMMISSION TRAIL PERCENTAGE ON
WITHDRAWAL CHARGE REMAINING ON OPTION A CONTRACT THAT HAS BEEN IN FORCE AT LEAST
JNL FIXED ANNUITY CONTRACT PERCENTAGE ON INITIAL PREMIUM 12 MONTHS
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
6.25% - 7.00% NONE NOT AVAILABLE
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
5.75% - 6.24% 0.50%/0% NOT AVAILABLE
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
5.25% - 5.74% 1.00%/0% 0.00%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
4.75% - 5.24% 1.50%/0% 0.50%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
4.25% - 4.74% 2.00%/0% 1.00%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
3.75% - 4.24% 2.50%/0% 1.50%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
3.25% - 3.74% 3.00%/0% 2.00%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
2.75% - 3.24% 3.50%/0% 2.50%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
2.25% - 2.74% 4.00%/0% 3.00%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
1.75% - 2.24% 4.50%/0% 3.50%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
1.25% - 1.74% 5.00%/0% 4.00%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
0.75% - 1.24% 5.50%/0% 4.50%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
0.25% - 0.74% 6.00%/0% 5.00%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
LESS THAN 0.25% 6.50%/0% 5.50%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
ISSUE AGES 81-85
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
COMMISSION
OPTION B
PERCENTAGE OF INITIAL PREMIUM/ ANNUAL
COMMISSION TRAIL PERCENTAGE ON
WITHDRAWAL CHARGE REMAINING ON OPTION A CONTRACT THAT HAS BEEN IN FORCE AT LEAST
JNL FIXED ANNUITY CONTRACT PERCENTAGE ON INITIAL PREMIUM 12 MONTHS
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
3.25% - 7.00% NONE NOT AVAILABLE
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
2.75% - 3.24% 0.25%/0% NOT AVAILABLE
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
2.25% - 2.74% 0.75%/0% 0.25%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
1.75% - 2.24% 1.25%/0% 0.75%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
1.25% - 1.74% 1.75%/0% 1.25%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
0.75% - 1.24% 2.25%/0% 1.75%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
0.25% - 0.74% 2.75%/0% 2.25%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
-------------------------------------------- -------------------------------------------- ------------------------------------------
LESS THAN 0.25% 3.25%/0% 2.75%/0.25%
-------------------------------------------- -------------------------------------------- ------------------------------------------
COMMISSION SCHEDULE
------------------------------------------------------------------------------------------------------------------------------------
Perspective Fixed and Variable Annuity(R) Contracts (VA200)
OWNER ISSUE AGE COMMISSION OPTIONS
--------------------------------------------------------------------- --------------------------------------------------------------
UNDER 81 OPTION A 6.75% OF PREMIUM PAYMENT
- OR -
OPTION B 5.00% OF PREMIUM PAYMENT
+0.50% ANNUAL TRAIL COMMISSION
- OR -
OPTION C 2.00% OF PREMIUM PAYMENT
+1.00% ANNUAL TRAIL COMMISSION
--------------------------------------------------------------------- --------------------------------------------------------------
81 TO 85 OPTION A 3.375% OF PREMIUM PAYMENT
- OR -
OPTION B 2.50% OF PREMIUM PAYMENT
+0.50% ANNUAL TRAIL COMMISSION
- OR -
OPTION C 2.00% OF PREMIUM PAYMENT
+1.00% ANNUAL TRAIL COMMISSION
--------------------------------------------------------------------- --------------------------------------------------------------
86 TO 90 Option A, B, and C 1.00% of Premium Payment up front
+1.00% annual trail commission
--------------------------------------------------------------------- --------------------------------------------------------------
TRAIL COMMISSIONS:
Trail commissions are paid quarterly, based on Contract value calculated at the
end of each calendar quarter. Trail commissions are paid on each Contract that
has been in force at least 12 months.
OPTION B:
Commission and trail rates apply to Contracts issued on and after January 1,
2001.
INTERNAL EXCHANGE COMMISSION SCHEDULE
------------------------------------------------------------------------------------------- ----------------------------------------
Perspective Fixed and Variable Annuity(R) Contracts (VA200)
ISSUE AGES 0-80
---------------------------------------------- -------------------------------------------- ----------------------------------------
COMMISSION
OPTION B
PERCENTAGE OF INITIAL PREMIUM/ ANNUAL
COMMISSION TRAIL PERCENTAGE ON
WITHDRAWAL CHARGE REMAINING ON OPTION A CONTRACT THAT HAS BEEN IN FORCE AT LEAST
JNL FIXED ANNUITY CONTRACT PERCENTAGE ON INITIAL PREMIUM 12 MONTHS
-------------------------------------------- ------------------------------------------ --------------------------------------------
-------------------------------------------- ------------------------------------------ --------------------------------------------
6.75% - 7.00% NONE NOT AVAILABLE
-------------------------------------------- ------------------------------------------ --------------------------------------------
6.25% - 6.74% 0.25%/0% NOT AVAILABLE
-------------------------------------------- ------------------------------------------ --------------------------------------------
5.75% - 6.24% 0.75%/0% NOT AVAILABLE
-------------------------------------------- ------------------------------------------ --------------------------------------------
5.25% - 5.74% 1.25%/0% NOT AVAILABLE
-------------------------------------------- ------------------------------------------ --------------------------------------------
4.75% - 5.24% 1.75%/0% NOT AVAILABLE
-------------------------------------------- ------------------------------------------ --------------------------------------------
4.25% - 4.74% 2.25%/0% 0.50%/0.50%
-------------------------------------------- ------------------------------------------ --------------------------------------------
3.75% - 4.24% 2.75%/0% 1.00%/0.50%
-------------------------------------------- ------------------------------------------ --------------------------------------------
3.25% - 3.74% 3.25%/0% 1.50%/0.50%
-------------------------------------------- ------------------------------------------ --------------------------------------------
2.75% - 3.24% 3.75%/0% 2.00%/0.50%
-------------------------------------------- ------------------------------------------ --------------------------------------------
2.25% - 2.74% 4.25%/0% 2.50%/0.50%
-------------------------------------------- ------------------------------------------ --------------------------------------------
1.75% - 2.24% 4.75%/0% 3.00%/0.50%
-------------------------------------------- ------------------------------------------ --------------------------------------------
1.25% - 1.74% 5.25%/0% 3.50%/0.50%
-------------------------------------------- ------------------------------------------ --------------------------------------------
0.75% - 1.24% 5.75%/0% 4.00%/0.50%
-------------------------------------------- ------------------------------------------ --------------------------------------------
0.25% - 0.74% 6.25%/0% 4.50%/0.50%
-------------------------------------------- ------------------------------------------ --------------------------------------------
LESS THAN 0.25% 6.75%/0% 5.00%/0.50%
-------------------------------------------- ------------------------------------------ --------------------------------------------
ISSUE AGES 81-85
-------------------------------------------- ------------------------------------------ --------------------------------------------
COMMISSION
OPTION B
PERCENTAGE OF INITIAL PREMIUM/ ANNUAL
COMMISSION TRAIL PERCENTAGE ON
WITHDRAWAL CHARGE REMAINING ON OPTION A CONTRACT THAT HAS BEEN IN FORCE AT LEAST
JNL FIXED ANNUITY CONTRACT PERCENTAGE ON INITIAL PREMIUM 12 MONTHS
------------------------------------------ -------------------------------------------- --------------------------------------------
3.75% - 7.00% NONE NOT AVAILABLE
------------------------------------------ -------------------------------------------- --------------------------------------------
3.25% - 3.74% NONE NOT AVAILABLE
------------------------------------------ -------------------------------------------- --------------------------------------------
2.75% - 3.24% 0.375%/0% NOT AVAILABLE
------------------------------------------ -------------------------------------------- --------------------------------------------
2.25% - 2.74% 0.875%/0% NOT AVAILABLE
------------------------------------------ -------------------------------------------- --------------------------------------------
1.75% - 2.24% 1.375%/0% 0.50%/0.50%
------------------------------------------ -------------------------------------------- --------------------------------------------
1.25% - 1.74% 1.875%/0% 1.00%/0.50%
------------------------------------------ -------------------------------------------- --------------------------------------------
0.75% - 1.24% 2.375%/0% 1.50%/0.50%
------------------------------------------ -------------------------------------------- --------------------------------------------
0.25% - 0.74% 2.875%/0% 2.00%/0.50%
------------------------------------------ -------------------------------------------- --------------------------------------------
LESS THAN 0.25% 3.375%/0% 2.50%/0.50%
------------------------------------------ -------------------------------------------- --------------------------------------------
OPTION B:
Commission and trail rates apply to Contracts issued on and after January 1,
2001.
Commission Schedule
---------------------------------------------------------------- ------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Perspective Advantage Fixed and Variable Annuity(R)Contracts (VA600)
OWNER ISSUE AGE COMMISSION OPTIONS
----------------------------------------------------------------- ------------------------------------------------------------------
UNDER 0-75 OPTION A 5.00% OF PREMIUM PAYMENT
+0.00% ANNUAL TRAIL COMMISSION IN CONTRACT
YEARS 2 - 9
+1.00% ANNUAL TRAIL COMMISSION IN CONTRACT
YEARS 10+
- OR -
OPTION B 4.00% OF PREMIUM PAYMENT
+0.25% ANNUAL TRAIL COMMISSION IN CONTRACT
YEARS 2 - 9
+1.00% ANNUAL TRAIL COMMISSION IN CONTRACT
YEARS 10+
- OR -
OPTION C 1.00% OF PREMIUM PAYMENT
+1.00% ANNUAL TRAIL COMMISSION IN CONTRACT
YEARS 2 - 9
+1.00% ANNUAL TRAIL COMMISSION IN CONTRACT
YEARS 10+
----------------------------------------------------------------- ------------------------------------------------------------------
76 TO 80 OPTION A 3.00% OF PREMIUM PAYMENT
+0.00% ANNUAL TRAIL COMMISSION IN CONTRACT
YEARS 2 - 9
+0.50% ANNUAL TRAIL COMMISSION IN CONTRACT
YEARS 10+
- OR -
OPTION B 2.40% OF PREMIUM PAYMENT
+0.25% ANNUAL TRAIL COMMISSION IN CONTRACT
YEARS 2 - 9
+0.50% ANNUAL TRAIL COMMISSION IN CONTRACT
YEARS 10+
- OR -
OPTION C 0.50% OF PREMIUM PAYMENT
+0.50% ANNUAL TRAIL COMMISSION IN CONTRACT
YEARS 2 - 9
+0.50% ANNUAL TRAIL COMMISSION IN CONTRACT
YEARS 10+
--------------------------------------------------------------------- --------------------------------------------------------------
TRAIL COMMISSIONS:
Trail commissions are paid quarterly, based on Contract value calculated at the
end of each calendar quarter. Trail commissions are paid on each Contract that
has been in force at least 12 months.
INTERNAL EXCHANGE COMMISSION SCHEDULE
------------------------------------------------------------------------------------------- ----------------------------------------
Perspective Advantage Fixed and Variable Annuity(R)Contracts (VA600)
ISSUE AGES 0-75
---------------------------------------------- -------------------------------------------- ----------------------------------------
COMMISSION
OPTION B
PERCENTAGE OF INITIAL PREMIUM/ ANNUAL
COMMISSION TRAIL PERCENTAGE ON
WITHDRAWAL CHARGE REMAINING ON OPTION A CONTRACT THAT HAS BEEN IN FORCE AT LEAST
JNL FIXED ANNUITY CONTRACT PERCENTAGE ON INITIAL PREMIUM 12 MONTHS
------------------------------------------ -------------------------------------------- --------------------------------------------
------------------------------------------ -------------------------------------------- --------------------------------------------
4.25% - 4.50% 0.50%/0% NOT AVAILABLE
------------------------------------------ -------------------------------------------- --------------------------------------------
------------------------------------------ -------------------------------------------- --------------------------------------------
3.75% - 4.24% 1.00%/0% NOT AVAILABLE
------------------------------------------ -------------------------------------------- --------------------------------------------
------------------------------------------ -------------------------------------------- --------------------------------------------
3.25% - 3.74% 1.50%/0% 0.50%/0.25%
------------------------------------------ -------------------------------------------- --------------------------------------------
------------------------------------------ -------------------------------------------- --------------------------------------------
2.75% - 3.24% 2.00%/0% 1.00%/0.25%
------------------------------------------ -------------------------------------------- --------------------------------------------
------------------------------------------ -------------------------------------------- --------------------------------------------
2.25% - 2.74% 2.50%/0% 1.50%/0.25%
------------------------------------------ -------------------------------------------- --------------------------------------------
------------------------------------------ -------------------------------------------- --------------------------------------------
1.75% - 2.24% 3.00%/0% 2.00%/0.25%
------------------------------------------ -------------------------------------------- --------------------------------------------
------------------------------------------ -------------------------------------------- --------------------------------------------
1.25% - 1.74% 3.50%/0% 2.50%/0.25%
------------------------------------------ -------------------------------------------- --------------------------------------------
------------------------------------------ -------------------------------------------- --------------------------------------------
0.75% - 1.24% 4.00%/0% 3.00%/0.25%
------------------------------------------ -------------------------------------------- --------------------------------------------
------------------------------------------ -------------------------------------------- --------------------------------------------
0.25% - 0.74% 4.50%/0% 3.50%/0.25%
------------------------------------------ -------------------------------------------- --------------------------------------------
------------------------------------------ -------------------------------------------- --------------------------------------------
LESS THAN 0.25% 5.00%/0% 4.00%/0.25%
------------------------------------------ -------------------------------------------- --------------------------------------------
ISSUE AGES 76-80
---------------------------------------------- -------------------------------------------- ----------------------------------------
---------------------------------------------- -------------------------------------------- ----------------------------------------
COMMISSION
OPTION B
PERCENTAGE OF INITIAL PREMIUM/ ANNUAL
COMMISSION TRAIL PERCENTAGE ON
WITHDRAWAL CHARGE REMAINING ON OPTION A CONTRACT THAT HAS BEEN IN FORCE AT LEAST
JNL FIXED ANNUITY CONTRACT PERCENTAGE ON INITIAL PREMIUM 12 MONTHS
----------------------------------------- -------------------------------------------- --------------------------------------------
----------------------------------------- -------------------------------------------- --------------------------------------------
2.25% - 4.50% NONE NOT AVAILABLE
----------------------------------------- -------------------------------------------- --------------------------------------------
----------------------------------------- -------------------------------------------- --------------------------------------------
1.75% - 2.24% 0.50%/0% NOT AVAILABLE
----------------------------------------- -------------------------------------------- --------------------------------------------
----------------------------------------- -------------------------------------------- --------------------------------------------
1.25% - 1.74% 1.00%/0% 0.50%/0.25%
----------------------------------------- -------------------------------------------- --------------------------------------------
----------------------------------------- -------------------------------------------- --------------------------------------------
0.75% - 1.24% 1.50%/0% 1.00%/0.25%
----------------------------------------- -------------------------------------------- --------------------------------------------
----------------------------------------- -------------------------------------------- --------------------------------------------
0.25% - 0.74% 2.00%/0% 1.50%/0.25%
----------------------------------------- -------------------------------------------- --------------------------------------------
----------------------------------------- -------------------------------------------- --------------------------------------------
LESS THAN 0.25% 2.50%/0% 2.00%/0.25%
----------------------------------------- -------------------------------------------- --------------------------------------------
ANNUITIZATION COMMISSION SCHEDULE
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Perspective Focus Fixed and Variable Annuity(R)(VA260), Perspective II Fixed and Variable AnnuitySM (VA250), Perspective Fixed and
Variable Annuity(R)(VA200), Perspective Advisors Fixed and Variable Annuity(R)(VA400), Defined Strategies Variable Annuity(R)
(VA200), Perspective Advantage Fixed and Variable Annuity(R)(VA600)
------------------------------------------------------------------------------------------------------------------------------------
ANNUITIZATION OPTION SELECTED COMMISSION OPTIONS
--------------------------------------------------------------------- --------------------------------------------------------------
ANNUITIZATION OPTION 1 - LIFE INCOME 2.0% OF CONTRACT VALUE AT ANNUITIZATION DATE; OR 0.30% ANNUAL
TRAIL COMMISSION*
--------------------------------------------------------------------- --------------------------------------------------------------
ANNUITIZATION OPTION 2 - JOINT AND SURVIVOR ANNUITY 2.0% OF CONTRACT VALUE AT ANNUITIZATION DATE; OR 0.30% ANNUAL
TRAIL COMMISSION*
--------------------------------------------------------------------- --------------------------------------------------------------
ANNUITIZATION OPTION 3 - LIFE ANNUITY WITH 120 OR 240 MONTHLY 2.0% OF CONTRACT VALUE AT ANNUITIZATION DATE; OR 0.30% ANNUAL
PAYMENTS GUARANTEED TRAIL COMMISSION*
--------------------------------------------------------------------- --------------------------------------------------------------
ANNUITIZATION OPTION 4 - INCOME FOR A SPECIFIED PERIOD (PERIODS OF 2.0% OF CONTRACT VALUE AT ANNUITIZATION DATE; OR 0.30% ANNUAL
10 YEARS OR MORE) TRAIL COMMISSION*
--------------------------------------------------------------------- --------------------------------------------------------------
* Trail commissions are paid quarterly, beginning at the end of the calendar
quarter following the Annuitization Date, based on the remaining Contract
value calculated at the end of each calendar quarter.
The up front trail commission option must be selected prior to annuitization.
PERSPECTIVE FOCUS(R), PERSPECTIVE II(R), PERSPECTIVESM, DEFINED STRATEGIESSM,
AND PERSPECTIVE ADVANTAGESM:
If Commission Option A or B was selected for the Contract at issue, the
above-referenced commissions would be paid only if annuitization occurred after
the fifth Contract Year.
If Commission Option A or B was selected for the Contract at issue, and the
original issue age was 86-90, the above referenced commissions would be paid
only if annuitization occurred after the first Contract Year. (For Perspective
and Defined Strategies only. Not for Perspective Advantage.)
If Commission Option C was selected for the Contract at issue, the
above-referenced commission would be paid only if annuitization occurred after
the first Contract Year.
Upon annuitization, trail commissions payable under the previously selected
Commission Option A, B or C cease to be paid.
PERSPECTIVE ADVISORSSM:
Upon annuitization, all trail commissions that were payable on Contract issue
will cease.
The Insurer reserves the right to modify or terminate the commissions set forth
in this schedule.
DEATH BENEFIT/BENEFICIARY ANNUITIZATION COMMISSION SCHEDULE
------------------------------------------------------------------------------------------------------------------------------------
(Death of Owner Prior to Annuitization Date)
Perspective Focus Fixed and Variable Annuity(R)(VA260), Perspective II Fixed and Variable AnnuitySM (VA250), Perspective Fixed and
Variable Annuity(R)(VA200), Perspective Advisors Fixed and Variable Annuity(R)(VA400), Defined Strategies Variable Annuity(R)
(VA200), Perspective Advantage Fixed and Variable Annuity(R)(VA600)
--------------------------------------------------------------------- --------------------------------------------------------------
ANNUITY OPTION SELECTED COMMISSION OPTIONS
--------------------------------------------------------------------- --------------------------------------------------------------
ANNUITIZATION OPTION 1 - LIFE INCOME 2.0% OF CONTRACT VALUE AT ANNUITIZATION DATE; OR 0.30% ANNUAL
TRAIL COMMISSION*
--------------------------------------------------------------------- --------------------------------------------------------------
ANNUITIZATION OPTION 2 - LIFE ANNUITY WITH 120 OR 240 MONTHLY 2.0% OF CONTRACT VALUE AT ANNUITIZATION DATE; OR 0.30% ANNUAL
PAYMENTS GUARANTEED TRAIL COMMISSION*
--------------------------------------------------------------------- --------------------------------------------------------------
ANNUITIZATION OPTION 3 - INCOME FOR A SPECIFIED PERIOD (PERIODS OF 2.0% OF CONTRACT VALUE AT ANNUITIZATION DATE; OR 0.30% ANNUAL
10 YEARS OR MORE) TRAIL COMMISSION*
--------------------------------------------------------------------- --------------------------------------------------------------
* Trail commissions are paid quarterly, beginning at the end of the calendar
quarter following Annuitization Date, based on the remaining Contract value
calculated at the end of each calendar quarter.
Commission Option must be selected prior to annuitization.
PERSPECTIVE FOCUS(R), PERSPECTIVE II(R), PERSPECTIVESM, DEFINED STRATEGIESSM,
AND PERSPECTIVE ADVANTAGESM
Upon Annuitization, trail commissions payable under your previously selected
Commission Option A, B or C will cease to be paid.
PERSPECTIVE ADVISORSSM
Upon Annuitization, all trail commissions that were payable on Contract issue
will cease.
COMMISSION SCHEDULE
---------------------------------------------- -------------------------------------------- ----------------------------------------
------------------------------------------------------------------------------------------- ----------------------------------------
ELITE 500(R) Equity-Linked Indexed Annuity (XXX-DA400)
ISSUE AGES 0-80 (OWNER) PERCENTAGE OF ISSUE AGES 81-85 (OWNER) PERCENTAGE OF
PREMIUM (OR SUBSEQUENT ALLOCATIONS) PREMIUM (OR SUBSEQUENT ALLOCATIONS)
CONTRACT OPTION PERIOD
---------------------------------------- -------------------------------------------- --------------------------------------------
---------------------------------------- -------------------------------------------- --------------------------------------------
1-YEAR 0.75% 0.375%
---------------------------------------- -------------------------------------------- --------------------------------------------
---------------------------------------- -------------------------------------------- --------------------------------------------
7-YEAR 5.75% 2.875%
---------------------------------------- -------------------------------------------- --------------------------------------------
---------------------------------------- -------------------------------------------- --------------------------------------------
9-YEAR 6.75% 3.375%
---------------------------------------- -------------------------------------------- --------------------------------------------
Commissions are paid on Premium Payments made to the Contract, and on Contract
values reallocated to new Contract Options after the maturity of the existing
Contract Option.
Commissions for transfers which occur prior to the maturity of an existing
Contract Option are calculated in the following manner:
1. Determine Commissions payable on Contract values reallocated to the new
Contract Option, assuming it was made after the maturity of the existing
Contract Option.
2. Determine Commissions payable on Contract values reallocated to a new
Contract Option for the same number of full years as that remaining in the
existing Contract Option.
The Commission payable is (1) less (2).
COMMISSION SCHEDULE
---------------------------------------------- -------------------------------------------- ---------------------------------------
------------------------------------------------------------------------------------------- ---------------------------------------
ELITE 90(R) Equity-Linked Indexed Annuity (XXX-DA500)
ISSUE AGES 0-80 (OWNER) ISSUE AGES 81-85 (OWNER) PERCENTAGE OF
CONTRACT OPTION PERIOD+ PERCENTAGE OF PREMIUM PREMIUM
----------------------------------------- -------------------------------------------- --------------------------------------------
----------------------------------------- -------------------------------------------- --------------------------------------------
7-YEAR 6.25% 3.125%
----------------------------------------- -------------------------------------------- --------------------------------------------
----------------------------------------- -------------------------------------------- --------------------------------------------
9-YEAR 7.00% 3.500%
----------------------------------------- -------------------------------------------- --------------------------------------------
----------------------------------------- -------------------------------------------- --------------------------------------------
12-YEAR 9.00% NONE
----------------------------------------- -------------------------------------------- --------------------------------------------
+ Commissions will be paid when the case is in "Good Order." May not be available in all states. Rates apply to Contracts issued on
or after September 17, 2001. The 12-Year Contract Option Period is only available for issue ages 0-80 and may not be available in
all states.
COMMISSION SCHEDULE
---------------------------------------------- -------------------------------------------- ----------------------------------------
------------------------------------------------------------------------------------------- ----------------------------------------
ELISM Multiple Index Deferred Annuity (XXX-DA200)
ISSUE AGES 0-80 (OWNER) ISSUE AGES 81-85 (OWNER) PERCENTAGE OF
CONTRACT OPTION PERIOD PERCENTAGE OF PREMIUM PREMIUM
---------------------------------------------- -------------------------------------------- ----------------------------------------
1-YEAR 0.75% 0.375%
---------------------------------------------- -------------------------------------------- ----------------------------------------
2-YEAR 1.75% 0.875%
---------------------------------------------- -------------------------------------------- ----------------------------------------
3-YEAR 2.75% 1.375%
---------------------------------------------- -------------------------------------------- ----------------------------------------
4-YEAR 3.75% 1.875%
---------------------------------------------- -------------------------------------------- ----------------------------------------
5-YEAR 4.75% 2.375%
---------------------------------------------- -------------------------------------------- ----------------------------------------
6-YEAR 5.25% 2.625%
---------------------------------------------- -------------------------------------------- ----------------------------------------
7-YEAR 5.75% 2.875%
---------------------------------------------- -------------------------------------------- ----------------------------------------
8-YEAR 6.25% 3.125%
---------------------------------------------- -------------------------------------------- ----------------------------------------
9-YEAR 6.75% 3.375%
---------------------------------------------- -------------------------------------------- ----------------------------------------
10-YEAR 6.75% 3.375%
---------------------------------------------- -------------------------------------------- ----------------------------------------
Commissions are paid on Premium Payments made to the Contract, and on Contract
values reallocated to new Contract Options after the maturity of the existing
Contract Option.
Commissions for transfers (including Earnings Lock-Ins) which occur prior to the
maturity of an existing Contract Option are calculated in the following manner:
1. Determine Commissions payable on Contract values reallocated to the new
Contract Option, assuming it was made after the maturity of the existing
Contract Option.
2. Determine Commissions payable on Contract values reallocated to a new
Contract Option for the same number of full years as that remaining in the
existing Contract Option.
The Commission payable is (1) less (2).
INTERNAL EXCHANGE COMMISSION SCHEDULE
------------------------------------------------------------------------------------------------------------------------------------
Fixed Annuity to XXXX Deferred Annuity Internal Exchange (Excluding ELITE 90(R))
WITHDRAWAL CHARGE REMAINING ON
EXISTING JNL FIXED ANNUITY
CONTRACT CONTRACT OPTION CHOSEN COMMISSIONS PAYABLE VALUE USED
----------------------------------- --------------------------------- -------------------------------- -----------------------------
ANY CHARGES > 0% 1 - 6 YEAR 0% CSV
----------------------------------- --------------------------------- -------------------------------- -----------------------------
> 7.00% 7 - 10 YEAR 50% COMMISSIONS CSV
----------------------------------- --------------------------------- -------------------------------- -----------------------------
0.25% - 7.00% 7 - 10 YEAR SEE FIXED TO XXXX SCHEDULE AV
----------------------------------- --------------------------------- -------------------------------- -----------------------------
0% 1 - 4 YEAR 50% COMMISSIONS AV
----------------------------------- --------------------------------- -------------------------------- -----------------------------
0% 5 - 6 YEAR 75% COMMISSIONS AV
----------------------------------- --------------------------------- -------------------------------- -----------------------------
0% - 0.24% 7 - 10 YEAR FULL COMMISSIONS AV
----------------------------------- --------------------------------- -------------------------------- -----------------------------
Market Value Adjustment (for fixed contracts) and Excess Interest Adjustment
(For Target SelectSM/Select/PathFinder(R)) are not waived for any transaction.
FIXED ANNUITY TO XXXX DEFERRED ANNUITY INTERNAL EXCHANGE (Excluding ELITE 90(R))
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
(Use only when withdrawal charges are equal to or less than 7.0% AND Contract option chosen is equal to or greater than seven
years.)
ISSUE AGES 0-80
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
WITHDRAWAL CHARGE REMAINING ON XXXX 9- OR 10-YEAR CONTRACT
JNL FIXED ANNUITY CONTRACT OPTION XXXX 8-YEAR XXXX 7-YEAR
(EXCEPT ELITE 90) CONTRACT OPTION CONTRACT OPTION
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
6.25% - 7.00% 0.25% NONE NONE
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
5.75% - 6.24% 0.75% 0.25% NONE
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
5.25% - 5.74% 1.25% 0.75% 0.25%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
4.75% - 5.24% 1.75% 1.25% 0.75%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
4.25% - 4.74% 2.25% 1.75% 1.25%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
3.75% - 4.24% 2.75% 2.25% 1.75%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
3.25% - 3.74% 3.25% 2.75% 2.25%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
2.75% - 3.24% 3.75% 3.25% 2.75%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
2.25% - 2.74% 4.25% 3.75% 3.25%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
1.75% - 2.24% 4.75% 4.25% 3.75%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
1.25% - 1.74% 5.25% 4.75% 4.25%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
0.75% - 1.24% 5.75% 5.25% 4.75%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
0.25% - 0.74% 6.25% 5.75% 5.25%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
LESS THAN 0.25% 6.75% 6.25% 5.75%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
INTERNAL EXCHANGE COMMISSION SCHEDULE (CON'T)
------------------------------------------------------------------------------------------------------ -----------------------------
------------------------------------------------------------------------------------------------------------------------------------
Fixed Annuity to XXXX Deferred Annuity Internal Exchange (Excluding ELITE 90(R))
(Use only when withdrawal charges are equal to or less than 7.0% AND Contract option chosen is equal to or greater than seven
years.)
ISSUE AGES 81-85
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
WITHDRAWAL CHARGE REMAINING ON XXXX 9- OR 10-YEAR CONTRACT
JNL FIXED ANNUITY CONTRACT OPTION XXXX 8-YEAR XXXX 7-YEAR
(EXCEPT ELITE 90) CONTRACT OPTION CONTRACT OPTION
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
3.25% - 7.00% NONE NONE NONE
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
2.75% - 3.24% 0.375% 0.125% NONE
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
2.25% - 2.74% 0.875% 0.625% 0.375%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
1.75% - 2.24% 1.375% 1.125% 0.875%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
1.25% - 1.74% 1.875% 1.625% 1.375%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
0.75% - 1.24% 2.375% 2.125% 1.875%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
0.25% - 0.74% 2.875% 2.625% 2.375%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
----------------------------------- --------------------------------- -------------------------------- -----------------------------
LESS THAN 0.25% 3.375% 3.125% 2.875%
----------------------------------- --------------------------------- -------------------------------- -----------------------------
Fixed Annuity to ELITE 90 Annuity 7-Year Indexed Option Period
------------------------------------------------------------------------------------------------------ -----------------------------
------------------------------------------------------------------------------------------------------------------------------------
Market Value Adjustment (for fixed Contracts) and Excess Interest Adjustment (For Target Select/Select/Pathfinder) are not waived
for any transaction.
====================================================================================================================================
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
WITHDRAWAL CHARGE REMAINING ON EXISTING JNL COMMISSIONS PAYABLE AGES COMMISSIONS PAYABLE AGES 81-85*
FIXED ANNUITY CONTRACT 0-80* VALUE USED
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
ANY CHARGES > 6.00% NONE NONE CSV
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
5.75% -6.00% 0.25% NONE AV
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
5.25% - 5.74% 0.75% NONE AV
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
4.75% - 5.24% 1.25% NONE AV
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
4.25% - 4.74% 1.75% NONE AV
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
3.75% - 4.24% 2.25% NONE AV
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
3.25% - 3.74% 2.75% NONE AV
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
2.75% - 3.24% 3.25% 0.125% AV
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
2.25% - 2.74% 3.75% 0.625% AV
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
1.75% - 2.24% 4.25% 1.125% AV
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
1.25% - 1.74% 4.75% 1.625% AV
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
0.75% - 1.24% 5.25% 2.125% AV
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
0.25% - 0.74% 5.75% 2.625% AV
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
LESS THAN 0.25% 6.25% 3.125% AV
--------------------------------------------- ------------------------------ ---------------------------------- --------------------
--------------------------------------------------------------------------------------------------------------- --------------------
Fixed Annuity to ELITE 90 Annuity 9-Year Indexed Option Period
--------------------------------------------------------------------------------------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
WITHDRAWAL CHARGE REMAINING ON JNL FIXED COMMISSIONS PAYABLE AGES COMMISSIONS PAYABLE
ANNUITY CONTRACT 0-80* AGES 81-85* VALUE USED
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
ANY CHARGES > 7.00% NONE NONE CSV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
6.25% - 7.00% 0.50% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
5.75% - 6.24% 1.00% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
5.25% - 5.74% 1.50% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
4.75% - 5.24% 2.00% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
4.25% - 4.74% 2.50% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
3.75% - 4.24% 3.00% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
3.25% - 3.74% 3.50% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
2.75% - 3.24% 4.00% 0.50% AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
2.25% - 2.74% 4.50% 1.00% AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
1.75% - 2.24% 5.00% 1.50% AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
1.25% - 1.74% 5.50% 2.00% AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
0.75% - 1.24% 6.00% 2.50% AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
0.25% - 0.74% 6.50% 3.00% AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
LESS THAN 0.25% 7.00% 3.50% AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
INTERNAL EXCHANGE COMMISSION SCHEDULE (CON'T)
--------------------------------------------------------------------------------------------------------------- --------------------
--------------------------------------------------------------------------------------------------------------- --------------------
Fixed Annuity to ELITE 90 Annuity 12-Year Indexed Option Period
WITHDRAWAL CHARGE REMAINING ON JNL FIXED COMMISSIONS PAYABLE AGES COMMISSIONS PAYABLE
ANNUITY CONTRACT 0-80* AGES 81-85* VALUE USED
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
ANY CHARGES > 9.00% NONE NONE CSV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
8.75% - 9.00% NONE NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
8.25% - 8.74% 0.50% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
7.75% - 8.24% 1.00% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
7.25% - 7.74% 1.50% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
6.75% - 7.24% 2.00% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
6.25% - 6.74% 2.50% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
5.75% - 6.24% 3.00% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
5.25% - 5.74% 3.50% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
4.75% - 5.24% 4.00% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
4.25% - 4.74% 4.50% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
3.75% - 4.24% 5.00% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
3.25% - 3.74% 5.50% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
2.75% - 3.24% 6.00% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
2.25% - 2.74% 6.50% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
1.75% - 2.24% 7.00% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
1.25% - 1.74% 7.50% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
0.75% - 1.24% 8.00% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
0.25% - 0.74% 8.50% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
LESS THAN 0.25% 9.00% NONE AV
---------------------------------------------- ----------------------------- ---------------------------------- --------------------
COMMISSION SCHEDULE - FIXED ANNUITIES
------------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------- ------------------------------------------
JNL Target Select(R)Flexible-Premium Deferred Annuity (A505)
OWNER ISSUE AGES 0-80 OWNER ISSUE AGES 81-85
------------------------------------------
------------------------------------------
GUARANTEED PERIOD A B C A B C
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
1-YEAR 0.75% N/A N/A 0.375% N/A N/A
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
2-YEAR 1.75% 0.900%/0.900% 0.90% 0.875% 0.450%/0.450% 0.450%
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
3-YEAR 2.25% 1.125%/0.650% 0.80% 1.125% 0.563%/0.325% 0.400%
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
4-YEAR 2.75% 1.375%/0.550% 0.80% 1.375% 0.687%/0.275% 0.400%
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
5-YEAR 3.25% 1.625%/0.500% 0.75% 1.625% 0.812%/0.250% 0.375%
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
6-YEAR 2.00% 1.000%/0.250% 0.40% 1.000% 0.500%/0.125% 0.200%
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
7-YEAR 4.00% 2.000%/0.450% 0.70% 2.000% 1.000%/0.225% 0.350%
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
8-YEAR 4.00% 2.000%/0.400% 0.65% 2.000% 1.000%/0.200% 0.325%
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
9-YEAR 2.00% 1.000%/0.175% 0.30% 1.000% 0.500%/0.088% 0.150%
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
10-YEAR 4.00% 2.000%/0.300% 0.60% 2.000% 1.000%/0.150% 0.300%
------------------------------------------ ------------- ------------------ ------------- -------------- ----------------- ---------
-------------------------------------------------------- ------------------ ------------- -------------- ----------------- ---------
Commission Option A = 1st Year % Only
-------------------------------------------------------- ------------------ ------------- -------------- ----------------- ---------
-------------------------------------------------------- ------------------ ------------- -------------- ----------------- ---------
Commission Option B = 1st Year %/Trail %
-------------------------------------------------------- ------------------ ------------- -------------- ----------------- ---------
-------------------------------------------------------- ------------------ ------------- -------------- ----------------- ---------
Commission Option C = % Trail Only
-------------------------------------------------------- ------------------ ------------- -------------- ----------------- ---------
Commissions are paid on premium payments and on Accumulated Value which is renewed at the end of each Guaranteed Period. However,
such commission must be returned to the Insurer if the Contract owner surrenders the Contract within 30 days of each Guaranteed
Period renewal date.
WASHINGTON AND CONNECTICUT TARGET SELECT - Renewal commissions will be paid on any combination of the renewal Guaranteed Periods
provided the sum of the Guaranteed Periods does not exceed nine years.
TRAIL COMMISSIONS:
Trail commissions under Options B & C will be paid each anniversary during the Guaranteed Period on the Accumulated Value as of that
anniversary date.
COMMISSION SCHEDULE
------------------------------------------ ---------------------------------------------- ------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
JNL Target Select Single-Premium Deferred Annuity-Oregon (A505OR)
OWNER ISSUE AGES 0-80 OWNER ISSUE AGES 81-85
------------------------------------------ ------------- ------------------ ------------- ------------- ------------------ ---------
GUARANTEED PERIOD A B C A B C
------------------------------------------ ------------- ------------------ ------------- ------------- ------------------ ---------
5-YEAR 3.25% 1.625%/0.500% 0.75% 1.625% 0.812%/0.250% 0.375%
------------------------------------------ ------------- ------------------ ------------- ------------- ------------------ ---------
6-YEAR 3.75% 1.875%/0.500% 0.75% 1.875% 0.937%/0.250% 0.375%
------------------------------------------ ------------- ------------------ ------------- ------------- ------------------ ---------
7-YEAR 4.00% 2.000%/0.450% 0.70% 2.000% 1.000%/0.225% 0.350%
------------------------------------------ ------------- ------------------ ------------- ------------- ------------------ ---------
Commission Option A = 1st Year % Only
----------------------------------------------------------------------------------------- ------------------------------------------
Commission Option B = 1st Year %/Trail %
----------------------------------------------------------------------------------------- ------------------------------------------
Commission Option C = % Trail Only
----------------------------------------------------------------------------------------- ------------------------------------------
TRAIL COMMISSIONS:
Trail commissions under Options B & C will be paid each anniversary during the
Guaranteed Period on the Accumulated Value as of that anniversary date.
COMMISSION SCHEDULE-FIXED ANNUITIES
--------------------------------------------------------------------------------
OPTION A provides a one-time commission payment based on 1st-year deposits with
no trail commissions.
OPTION B provides both an up-front commission and trail for the life of the
fixed annuity Contract.
OPTION C provides level commissions for the life of the fixed annuity Contract.
Fixed annuity trail commissions are based on a percentage of accumulated value
at Contract anniversary net of Contract loans.
------------------------------
COMMISSION OPTIONS**
PREMIUM LEVEL (MIN.
INITIAL: $5,000 WQ,
$2,000 Q SUBSEQUENT
(EXCEPT CT AND OR): A B
$1,000 MAXIMUM: ISSUE AGE 1ST YEAR % 1ST YEAR/ C
DEFERRED FIXED ANNUITY $1,000,000 OWNER* ONLY TRAIL % LEVEL %
------------------------ ------------------------ ------------- ------------- ---------------- -----------
ACTION(R) $1,000-4,999 0-80 4.00 2.00/0.40 0.650
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 6.00 3.00/0.60 1.000
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$1,000-4,999 81-85 2.00 1.00/0.20 0.325
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 3.00 1.50/0.30 0.500
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$1,000-4,999 86-90 1.00 0.50/0.10 0.163
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 1.50 0.75/0.15 0.250
------------------------ ------------------------ ------------- ------------- ---------------- -----------
ACTION ONE $1,000-4,999 0-80 2.00 1.00/0.20 0.325
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 4.00 2.00/0.40 0.650
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$1,000-4,999 81-85 1.00 0.50/0.10 0.163
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 2.00 1.00/0.20 0.325
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$1,000-4,999 86-90 0.50 0.25/0.05 0.081
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 1.00 0.50/0.10 0.163
------------------------ ------------------------ ------------- ------------- ---------------- -----------
ACTION TWO $1,000-4,999 0-80 6.00 3.00/0.60 1.000
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 8.00 4.00/0.80 1.350
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$1,000-4,999 81-85 3.00 1.50/0.30 0.500
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 4.00 2.00/0.40 0.650
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$1,000-4,999 86-90 1.50 0.75/0.15 0.250
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 2.00 1.00/0.20 0.325
------------------------ ------------------------ ------------- ------------- ---------------- -----------
BONUS MAX(R) $1,000-4,999 0-80 4.00 2.00/0.40 0.650
------------------------ ------------------------ ------------- ------------- ---------------- -----------
WITH EXCESS INTEREST $5,000 & UP 6.00 3.00/0.60 1.000
------------------------ ------------------------ ------------- ------------- ---------------- -----------
ADJUSTMENT $1,000-4,999 81-85 2.00 1.00/0.20 0.325
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 3.00 1.50/0.30 0.500
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$1,000-4,999 86-90 1.00 0.50/0.10 0.163
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 1.50 0.75/0.15 0.250
------------------------ ------------------------ ------------- ------------- ---------------- -----------
BONUS MAX ONE $1,000-4,999 0-80 2.00 1.00/0.20 0.325
------------------------ ------------------------ ------------- ------------- ---------------- -----------
WITH EXCESS INTEREST $5,000 & UP 4.00 2.00/0.40 0.650
------------------------ ------------------------ ------------- ------------- ---------------- -----------
ADJUSTMENT $1,000-4,999 81-85 1.00 0.50/0.10 0.163
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 2.00 1.00/0.20 0.325
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$1,000-4,999 86-90 0.50 0.25/0.05 0.081
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 1.00 0.50/0.10 0.163
------------------------ ------------------------ ------------- ------------- ---------------- -----------
BONUS MAX TWO $1,000-4,999 0-80 6.00 3.00/0.60 1.000
------------------------ ------------------------ ------------- ------------- ---------------- -----------
WITH EXCESS INTEREST $5,000 & UP 8.00 4.00/0.80 1.350
------------------------ ------------------------ ------------- ------------- ---------------- -----------
ADJUSTMENT $1,000-4,999 81-85 3.00 1.50/0.30 0.500
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 4.00 2.00/0.40 0.650
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$1,000-4,999 86-90 1.50 0.75/0.15 0.250
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 2.00 1.00/0.20 0.325
------------------------ ------------------------ ------------- ------------- ---------------- -----------
MAX AND MAX $1,000-4,999 0-80 2.00 1.00/0.20 0.325
------------------------ ------------------------ ------------- ------------- ---------------- -----------
WITH EXCESS INTEREST $5,000 & UP 4.00 2.00/0.40 0.650
------------------------ ------------------------ ------------- ------------- ---------------- -----------
ADJUSTMENT $1,000-4,999 81-85 1.00 0.50/0.10 0.163
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 2.00 1.00/0.20 0.325
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$1,000-4,999 86-90 0.50 0.25/0.05 0.081
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 1.00 0.50/0.10 0.163
------------------------ ------------------------ ------------- ------------- ---------------- -----------
MAX TAX SAVER $1,000-4,999 0-80 3.20 1.60/0.32 0.525
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 5.20 2.60/0.52 0.850
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$1,000-4,999 81-85 1.60 0.80/0.16 0.260
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 2.60 1.30/0.26 0.425
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$1,000-4,999 86-90 0.80 0.40/0.08 0.130
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 1.30 0.65/0.13 0.213
------------------------ ------------------------ ------------- ------------- ---------------- -----------
SUPER MAX AND $1,000-4,999 0-80 4.00 2.00/0.40 0.650
------------------------ ------------------------ ------------- ------------- ---------------- -----------
SUPER MAX WITH $5,000 & UP 6.00 3.00/0.60 1.000
------------------------ ------------------------ ------------- ------------- ---------------- -----------
EXCESS INTEREST $1,000-4,999 81-85 2.00 1.00/0.20 0.325
------------------------ ------------------------ ------------- ------------- ---------------- -----------
ADJUSTMENT $5,000 & UP 3.00 1.50/0.30 0.500
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$1,000-4,999 86-90 1.00 0.50/0.10 0.163
------------------------ ------------------------ ------------- ------------- ---------------- -----------
$5,000 & UP 1.50 0.75/0.15 0.250
------------------------ ------------------------ ------------- ------------- ---------------- -----------
IMMEDIATE ANNUITY $5,000 & UP N/A 4.00 N/A N/A
------------------------ ------------------------ ------------- ------------- ---------------- -----------
COMMISSION SCHEDULE-LIFE
------------------------------------------------------------------------------------------------------------
OPTION A provides a one-time up-front commission payment based on 1st-year
premiums with no renewal commissions.
OPTION B provides both an up-front and renewal commission for years 2-10. Some
Contracts provide a service fee for years 11 and greater. Commissions are based
on premiums paid.
OPTION C provides level commissions on premiums paid years 1-10. Some Contracts
provide a service fee for years 11 and greater. Commissions are based on
premiums paid.
If a life Contract has two or more elements (base and rider), Insurer will pay
the commission option that is common between the elements.
---------------------------
COMMISSION OPTIONS
A B C
1ST YEAR 1ST YEAR %/ YEARS YEARS 1-10
% ONLY 2-10%/ 11+ % ONLY %/ 11+ %
JNL LIFE PRODUCTS
--------------------------------------------------------- ----------- ----------------------- --------------
INTEREST-SENSITIVE PERMANENT LIFE (ULTIMATE(R))
--------------------------------------------------------- ----------- ----------------------- --------------
ULTIMATE II, LIFELINE 90 75/5/1 18/1
--------------------------------------------------------- ----------- ----------------------- --------------
UNIVERSAL LIFE
--------------------------------------------------------- ----------- ----------------------- --------------
UNIVERSAL LIFE ONE N/A 85*/5/1 N/A
--------------------------------------------------------- ----------- ----------------------- --------------
TWO N/A 90*/5/1 N/A
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JNL SURVIVORSHIP UNIVERSAL LIFE N/A 75*/4/1 N/A
--------------------------------------------------------- ----------- ----------------------- --------------
TERM
--------------------------------------------------------- ----------- ----------------------- --------------
REWARD(R)XTRA 10/15/20/30-YEAR R&C 90 75/4/0 15/0
--------------------------------------------------------- ----------- ----------------------- --------------
REWARD(R)CLASSIC 15/20/30-YEAR R&C 90 75/4/0 15/0
--------------------------------------------------------- ----------- ----------------------- --------------
YRT PRIME N/A 65/4/1 14/0
--------------------------------------------------------- ----------- ----------------------- --------------
CHOICE N/A 40/4/1 10/0
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LIFELINE TERM 10/15-YEAR R&C 90 75/4/0 15/0
--------------------------------------------------------- ----------- ----------------------- --------------
DECREASING TERM 100 75/7.5/1 17/1
--------------------------------------------------------- ----------- ----------------------- --------------
RIDERS**
-------------------------------------------------------- ----------- ----------------------- --------------
FAMILY & CHILD RIDER 90 70/7.5/1 17/1
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20-YEAR REWARD(R)RIDER*** 90 75/4/0 15/0
--------------------------------------------------------- ----------- ----------------------- --------------
10-, 15-, 20-, 30-YEAR REWARD RIDER**** N/A 75/4/0 N/A
------------------------------------------------------------------------------------------------------------
Contract fees are not commissionable. All Contracts and Commission
schedules are subject to change and may not be available in all states.
* Up to Target premium. Amounts over Target earn the renewal rate.
** Other riders not listed above (i.e., Waiver of Premium, Accidental Death
Benefit): First-year and renewal commissions are payable at the same rate
as the base Contract. Note: Not all riders attach to all Contracts; check
the appropriate rate book for details.
*** Commission rate that applies when rider is attached to a Reward Contract
(on base insured and/or as another insured rider).
**** Commission rates that apply when rider is attached to a Universal Life One
Contract.
V2565 Rev. 09/03 [GRAPHIC OMITTED]
XXXXXXX NATIONAL LIFE INSURANCE COMPANY(R)
Insuring your financial future.(R)
