SECURITY BENEFIT(SM)
SECURITY DISTRIBUTORS, INC.
MARKETING ORGANIZATION AGREEMENT
COMMISSION SCHEDULE
EliteDesigns Variable Annuity (the "Contract")
Issued by First Security Benefit Life Insurance
and Annuity Company of New York
COMMISSIONS - This Commission Schedule is hereby made a part of and amends your
Marketing Organization Agreement (hereinafter called the "Agreement"), with
Security Distributors, Inc. (hereinafter called "SDI"), and commissions payable
hereunder are subject to the provisions contained in the Agreement and this
Commission Schedule. Minimum Purchase Payments are as set out in the applicable
prospectus and Contract. Commissions to a Marketing Organization are equal to a
percentage of each Purchase Payment written by Marketing Organization, as
follows:
1. UP FRONT COMMISSIONS: No upfront commission is payable to the Marketing
Organization on Purchase Payments made with respect to each particular
Contract.
2. ASSET-BASED COMMISSIONS: No asset based commission is payable to Marketing
Organization.
3. CONTRACT DATE: For the purpose of this Commission Schedule, the term
"Contract Date" shall be the date the first Purchase Payment is credited to
the Contract.
4. DEATH BENEFIT APPLIED TO ANNUITY OPTION: In the event that a beneficiary of
a Contract under this Commission Schedule applies the death benefit to one
of the annuity options under the Contract, no commission will be payable
upon such application.
5. ANNUITIZATION: No Annuitization Fee will be paid to the Marketing
Organization who secures from the Contract Owner (or his or her
beneficiary) the proper forms and information to commence an immediate life
contingent annuity option under the Contract and significantly assists the
client and insurer in such settlement.
6. COMMISSION CHARGEBACK PROVISIONS: No commission chargebacks are applicable
to any partial withdrawals, full surrenders, death claims or free look
surrenders
7. CHANGE OF COMMISSION SCHEDULE: Notwithstanding any other provision of the
Agreement to the contrary, the following provision shall apply. SDI
reserves the right at any time, with or without notice, to change, modify
or discontinue the commissions, asset-based commissions or any other
compensation payable under this Commission Schedule.
8. CHANGE OF DEALER: A Contract Owner shall have the right to designate a new
marketing organization, or terminate a marketing organization without
designating a replacement, by sending written notice of such designation or
termination to SDI.
THIS COMMISSION SCHEDULE replaces any previous Commission Schedule for the
Variable Annuity Contract listed above as of the Effective Date set forth above.
SECURITY DISTRIBUTORS, INC.
By: Xxxxxxx X. Xxxxxx
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Title: President
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SECURITY BENEFIT(SM)
SECURITY DISTRIBUTORS, INC.
MARKETING ORGANIZATION AGREEMENT
COMMISSION SCHEDULE
EliteDesigns Variable Annuity (the "Contract")
Issued by First Security Benefit Life Insurance
and Annuity Company of New York
MARKETING ORGAINZAITON:
EFFECTIVE DATE:
COMMISSIONS - This Commission Schedule is hereby made a part of and amends your
Marketing Organization Agreement (hereinafter called the "Agreement"), with
Security Distributors, Inc. (hereinafter called "SDI"), and commissions payable
hereunder are subject to the provisions contained in the Agreement and this
Commission Schedule. Minimum Purchase Payments are as set out in the applicable
prospectus and Contract. Commissions to a Marketing Organization are equal to a
percentage of each Purchase Payment written by Marketing Organization, as
follows:
3. UP FRONT COMMISSIONS: No upfront commission is payable to the Marketing
Organization on Purchase Payments made with respect to each particular
Contract.
4. ASSET-BASED COMMISSIONS: No asset based commission is payable to Marketing
Organization.
8. CONTRACT DATE: For the purpose of this Commission Schedule, the term
"Contract Date" shall be the date the first Purchase Payment is credited to
the Contract.
9. DEATH BENEFIT APPLIED TO ANNUITY OPTION: In the event that a beneficiary of
a Contract under this Commission Schedule applies the death benefit to one
of the annuity options under the Contract, no commission will be payable
upon such application.
10. ANNUITIZATION: No Annuitization Fee will be paid to the Marketing
Organization who secures from the Contract Owner (or his or her
beneficiary) the proper forms and information to commence an immediate life
contingent annuity option under the Contract and significantly assists the
client and insurer in such settlement.
11. COMMISSION CHARGEBACK PROVISIONS: No commission chargebacks are applicable
to any partial withdrawals, full surrenders, death claims or free look
surrenders
12. CHANGE OF COMMISSION SCHEDULE: Notwithstanding any other provision of the
Agreement to the contrary, the following provision shall apply. SDI
reserves the right at any time, with or without notice, to change, modify
or discontinue the commissions, asset-based commissions or any other
compensation payable under this Commission Schedule.
9. CHANGE OF DEALER: A Contract Owner shall have the right to designate a new
marketing organization, or terminate a marketing organization without
designating a replacement, by sending written notice of such designation or
termination to SDI.
THIS COMMISSION SCHEDULE replaces any previous Commission Schedule for the
Variable Annuity Contract listed above as of the Effective Date set forth above.
MARKETING ORGANIZATION SECURITY DISTRIBUTORS, INC.
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Print Name of Marketing Organization By
| | Individual | | Partnership | | Corporation -----------------------------------------------------
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Print Name of Principal Officer if a Partnership or Corporation Title
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By Date
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Signature of Individual or Principal Officer
Date
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APPROVED BY:
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Print Name of Sponsoring Marketing Organization (if applicable)
By
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Signature of Principal Officer
Effective Date of Agreement
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