1
EXHIBIT 1-A(3)(c)
Schedule of Commissions and Allowances [ZURICH XXXXXX LOGO]
XXXXXX INVESTORS LIFE INSURANCE COMPANY
0 Xxxxxx Xxxxx, Xxxx Xxxxx, XX 00000-0000 - 800/554-5426
Effective Date: September 29, 1999
This Schedule of Commission and Allowances ("Schedule") is part of the
agreement to which it is attached.
Commissions will be paid on premiums in accordance with the terms of the
General Agent's Agreement and the Schedule.
--------------------------------------------------------------------------------
XXXXXX DESTINATIONS LIFE Up-Front Trail Trail
(not available in all states) Premium Compensation Compensation
POLICY FORM SERIES L-8387 AND L-8388 Compensation Year 2-7 Year 8+
--------------------------------------------------------------------------------
COMMISSION CODE 1
Issue Age 0-85 7.25% None None
Issue Age 86-90 3.625% None None
COMMISSION CODE 2
Issue Age 0-85 5.00% 0.50% 0.50%
Issue Age 86-90 2.50% 0.25% 0.25%
COMMISSION CODE 3
Issue Age 0-85 1.50% 1.00% 1.00%
Issue Age 86-90 0.75% 0.50% 0.50%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
I. BASIS FOR COMPENSATION
A. Premium Compensation will be paid at the percentage shown above upon receipt
of initial premium payments for certificates/contracts issued under this
Schedule.
B. Commissions will be paid as stated above provided that the General Agent's
Agreement is in full force and in effect.
C. Commissions for certificates/contracts issued outside the Company's published
guidelines will be negotiated by the Company.
D. Trail Compensation will be paid on a calendar quarterly basis to equal the
annual percentage shown above. The average monthly balance of cash value less
loan account values during a calendar quarter will be used as the basis for
valuation of assets. Trail compensation will be paid on account values that
are based on premiums which have been in the contract for at least twelve
months.
E. Trail compensation is not payable on any contract that has been surrendered,
or under which a death benefit has been paid.
F. 100% of commissions will be charged back on any certificate/contract that is
rescinded by the Company or which is terminated using the free-look
provision. Commission will be charged back by credit against commissions to
be paid in the future and/or by requiring cash repayment by the General
Agent.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
II. NOTWITHSTANDING ANY OTHER PROVISION
A. The commissions specified in this Schedule will not be paid, and the right to
receive commissions and the amount of commissions to be paid shall be
determined by the Company, under the following circumstances:
1. On policies not listed in this Schedule or introduced by the Company
after the effective date of this Schedule; and
2. On policies which are changed from the original version, under a policy
provision or otherwise, and on certificates/contracts which are issued
using cash values of previously issued KILICO (or any of its affiliates)
certificates/contracts or are converted or exchanged from previously
issued KILICO (or any of its affiliates) certificates/contracts, either
under a policy provision or otherwise.
B. The Company reserves the right to change the General Agent upon written
request of the owner of the certificate/contracts and redirect future
commissions to the new General Agent.
C. Upon termination of the General Agent's Agreement for any reason, no further
commissions will be paid to the General Agent on certificates/contracts
issued under this Schedule.
--------------------------------------------------------------------------------
L-8489a (8/99) IM (8/99)
2
SCHEDULE OF COMMISSION AND ALLOWANCES
[ZURICH XXXXXX LOGO]
XXXXXX INVESTORS LIFE INSURANCE COMPANY
0 Xxxxxx Xxxxx, Xxxx Xxxxx, XX 00000-0000 - 800/554-5426
Effective Date: September 29, 1999
This Schedule of Commission and Allowances ("Schedule") is part of the
agreement to which it is attached.
Commissions will be paid on premiums in accordance with the terms of the
General Agent's Agreement and the Schedule.
-------------------------------------------------------------------------------------------
XXXXXX DESTINATIONS LIFE Up-Front Trail Trail
(not available in all states) Premium Compensation Compensation
Policy Form Series L-8387 and L-8388 Compensation Years 2-7 Years 8+
-------------------------------------------------------------------------------------------
Commission Code 1
Issue Age 0-85 7.00% None None
Issue Age 86-90 3.50% None None
Commission Code 2
Issue Age 0-85 5.00% 0.50% 0.50%
Issue Age 86-90 2.50% 0.25% 0.25%
Commission Code 3
Issue Age 0-85 1.50% 1.00% 1.00%
Issue Age 86-90 0.75% 0.50% 0.50%
-------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------
I. BASIS FOR COMPENSATION
A. Premium Compensation will be paid at the percentage shown above upon
receipt of initial premium payments for certificates/contracts issued under
this Schedule.
B. Commissions will be paid as stated above provided that the General Agent's
Agreement is in full force and in effect.
C. Commissions for certificates/contracts issued outside the Company's
published guidelines will be negotiated by the Company.
D. Trail Compensation will be paid on a calendar quarterly basis to equal the
annual percentage shown above. The average monthly balance of cash value
less loan account values during a calendar quarter will be used as the
basis for valuation of assets. Trail compensation will be paid on account
values that are based on premiums which have been in the contract for at
least twelve months.
E. Trail compensation is not payable on any contract that has been
surrendered, or under which a death benefit has been paid.
F. 100% of commissions will be charged back on any certificate/contract that
rescinded by the Company or which is terminated using the free-look
provision. Commission will be charged back by credit against commissions to
be paid in the future and/or by requiring cash repayment by the General
Agent.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
II. NOTWITHSTANDING ANY OTHER PROVISION
A. The commissions specified in this Schedule will not be paid, and the right
to receive commissions and the amount of commissions to be paid shall be
determined by the Company, under the following circumstances:
1. On policies not listed in this Schedule or introduced by the Company
after the effective date of this Schedule; and
2. On policies which are changed from the original version, under a policy
provision or otherwise, and on certificates/contracts which are issued
using cash values of previously issued KILICO (or any of its affiliates)
certificates/contracts or are converted or exchanged from previously
issued KILICO (or any of its affiliates) certificates/contracts, either
under a policy provision or otherwise.
B. The Company reserves the right to change the General Agent upon written
request of the owner of the certificate/contracts and redirect future
commissions to the new General Agent.
C. Upon termination of the General Agent's Agreement for any reason, no
further commissions will be paid to the General Agent on
certificates/contracts issued under this Schedule.
--------------------------------------------------------------------------------
L-8489b (8/99) IM (8/99)
3
SCHEDULE OF COMMISSIONS AND ALLOWANCES
[ZURICH XXXXXX LOGO]
XXXXXX INVESTORS LIFE INSURANCE COMPANY
0 Xxxxxx Xxxxx, Xxxx Xxxxx, XX 00000-0000 - 800/554-5426
Effective Date: September 29, 1999
This Schedule of Commission and Allowances ("Schedule") is part of the agreement
to which it is attached.
Commissions will be paid on premiums in accordance with the terms of the
General Agent's Agreement and the Schedule.
-----------------------------------------------------------------------------------------------
XXXXXX DESTINATIONS LIFE Up-Front Trail Trail
(not available in all states) Premium Compensation Compensation
POLICY FORM SERIES L-8387 AND L-8388 Compensation Years 2-7 Years 8+
-----------------------------------------------------------------------------------------------
COMMISSION CODE 1
Issue Age 0-85 6.75% None None
Issue Age 86-90 3.375% None None
COMMISSION CODE 2
Issue Age 0-85 5.00% 0.50% 0.50%
Issue Age 86-90 2.50% 0.25% 0.25%
COMMISSION CODE 3
Issue Age 0-85 1.25% 1.00% 1.00%
Issue Age 85-90 0.625% 0.50% 0.50%
------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------
I. BASIS FOR COMPENSATION
A. Premium Compensation will be paid at the percentage shown above upon
receipt of initial premium payments for certificates/contracts issued under
this Schedule.
B. Commissions will be paid as stated above provided that the General Agent's
Agreement is in full force and in effect.
C. Commissions for certificates/contracts issued outside the Company's
published guidelines will be negotiated by the Company.
D. Trail Compensation will be paid on a calendar quarterly basis to equal
the annual percentage shown above. The average monthly balance of cash
value less account values during a calendar quarter will be used as the
basis for valuation of assets. Trail compensation will be paid on account
values that are based on premiums which have been in the contract for at
least twelve months.
E. Trail compensation is not payable on any contract that has been
surrendered, or under which a death benefit has been paid.
F. 100% of commissions will be charged back on any certificate/contract that
is rescinded by the Company or which is terminated using the free-look
provision. Commission will be charged back by credit against commissions
to be paid in the future and/or by requiring cash repayment by the General
Agent.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
II. NOTWITHSTANDING ANY OTHER PROVISION
A. The commissions specified in this Schedule will not be paid, and the right
to receive commissions and the amount of commissions to be paid shall be
determined by the Company, under the following circumstances:
1. On policies not listed in this Schedule or introduced by the Company
after the effective date of this Schedule; and
2. On policies which are changed from the original version, under a
policy provision or otherwise, and on certificates/contracts which are
issued using cash values of previously issued KILICO (or any of its
affiliates) certificates/contracts or are converted or exchanged from
previously issued KILICO (or any of its affiliates) certificates/
contracts, either under a policy provision or otherwise.
B. The Company reserves the right to change the General Agent upon written
request of the owner of the certificate/contracts and redirect future
commission to the new General Agent.
C. Upon termination of the General Agent's Agreement for any reason, no
further commissions will be paid to the General Agent on certificates/
contracts issued under this Schedule.
--------------------------------------------------------------------------------
L-8489c (8/99) IM(8/99)
4
SCHEDULE OF COMMISSIONS AND ALLOWANCES
[ZURICH XXXXXX LOGO]
XXXXXX INVESTORS LIFE INSURANCE COMPANY
0 Xxxxxx Xxxxx, Xxxx Xxxxx, XX 00000-0000 - 800/554-5426
Effective Date: September 29, 1999
This Schedule of Commission and Allowances ("Schedule") is part of the
agreement to which it is attached.
Commissions will be paid on premiums in accordance with the terms of the
General Agent's Agreement and the Schedule.
-----------------------------------------------------------------------------------------------
XXXXXX DESTINATIONS LIFE PLUS Up-Front Trail Trail
(not available in all states) Premium Compensation Compensation
POLICY FORM SERIES L-8387 AND L-8388 Compensation Years 2-7 Years 8+
-----------------------------------------------------------------------------------------------
COMMISSION CODE 1
Issue Age 0-85 4.75 % None None
Issue Age 86-90 2.375% None None
COMMISSION CODE 2
Issue Age 0-85 1.00 % 1.00% 1.00%
Issue Age 86-90 0.50 % 0.50% 0.50%
------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------
I. BASIS FOR COMPENSATION
A. Premium Compensation will be paid at the percentage shown above upon
receipt of initial premium payments for certificates/contracts issued under
this Schedule.
B. Commissions will be paid as stated above provided that the General Agent's
Agreement is in full force and in effect.
C. Commissions for certificates/contracts issued outside the Company's
published guidelines will be negotiated by the Company.
D. Trail Compensation will be paid on a calendar quarterly basis to equal the
annual percentage shown above. The average monthly balance of cash value
less loan account values during a calendar quarter will be used as the
basis for valuation of assets. Trail compensation will be paid on account
values that are based on premiums which have been in the contract for at
least twelve months.
E. Trail compensation is not payable on any contract that has been
surrendered, or under which a death benefit has been paid.
F. 100% of commissions will be charged back on any certificates/contract that
is rescinded by the Company or which is terminated using the free-look
provision. Commission will be charged back by credit against commissions
to be paid in the future and/or requiring cash repayment by the General
Agent.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
II. NOTWITHSTANDING ANY OTHER PROVISION
A. The commissions specified in this Schedule will not be paid, and the right
to receive commissions and the amount of commissions to be paid shall be
determined by the Company, under the following circumstances:
1. On policies not listed in this Schedule or introduced by the Company
after the effective date of this Schedule; and
2. On policies which are changed from the original version, under a
policy provision or otherwise, and on certificates/contracts which are
issued using cash values of previously issued KILICO (or any of its
affiliates) certificates/contracts or are converted or exchanged from
previously issued KILICO (or any of its affiliates) certificates/
contracts, either under a policy provision or otherwise.
B. The Company reserves the right to change the General Agent upon written
request of the owner of the certificate/contracts and redirect future
commissions to the new General Agent.
C. Upon termination of the General Agent's Agreement for any reason, no
further commissions will be paid to the General Agent on certificates/
contracts issued under this Schedule.
--------------------------------------------------------------------------------
L-8491a (8/99) IM (8/99)
5
Schedule of Commissions and Allowances [ZURICH XXXXXX LOGO]
XXXXXX INVESTORS LIFE INSURANCE COMPANY
0 Xxxxxx Xxxxx, Xxxx Xxxxx, XX 00000-0000 - 800/554-5426
Effective Date: September 29, 1999
This Schedule of Commission and Allowances ("Schedule") is part of the
to which it is attached.
Commissions will be paid on premiums in accordance with the terms of the
General Agent's Agreement and the Schedule.
--------------------------------------------------------------------------------
XXXXXX DESTINATIONS LIFE PLUS Up-Front Trail Trail
(not available in all states) Premium Compensation Compensation
POLICY FORM SERIES L-8387 AND L-8388 Compensation Year 2-7 Year 8+
--------------------------------------------------------------------------------
COMMISSION CODE 1
Issue Age 0-85 5.00% None None
Issue Age 86-90 2.50% None None
COMMISSION CODE 2
Issue Age 0-85 1.00% 1.00% 1.00%
Issue Age 86-90 0.50% 0.50% 0.50%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
I. BASIS FOR COMPENSATION
A. Premium Compensation will be paid at the percentage shown above upon receipt
of initial premium payments for certificates/contracts issued under this
Schedule.
B. Commissions will be paid as stated above provided that the General Agent's
Agreements is in full force and in effect.
C. Commissions for certificates/contracts issued outside the Company's published
guidelines will be negotiated by the Company.
D. Trail Compensation will be paid on a calendar quarterly basis to equal the
annual percentage shown above. The average monthly balance of cash value less
loan account value during a calendar quarter will be used as the basis for
valuation of assets. Trail compensation will be paid on account values that
are based on premiums which have been in the contract for at least twelve
months.
E. Trail compensation is not payable on any contract that has been surrendered,
or under which a death benefit has been paid.
F. 100% of commissions will be charged back on any certificate/contract that is
rescinded by the Company or which is terminated using the free-look
provision. Commission will be charged back by credit against commissions to
be paid in the future and/or by requiring cash repayment by the General
Agent.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
II. NOTWITHSTANDING ANY OTHER PROVISION
A. The commissions specified in this Schedule will not be paid, and the right to
receive commissions and the amount of commissions to be paid shall be
determined by the Company, under the following circumstances:
1. On policies not listed in this Schedule or Introduced by the Company
after the effective-date of this Schedule; and
2. On policies which are changed from the original version, under a policy
provision or otherwise, and on certificates/contracts which are issued
using cash values of previously issued KILICO (or any of its affiliates)
certificates/contracts or are converted or exchanged from previously
issued KIUCO (or any of its affiliates) certificates/contracts, either
under a policy provision or otherwise.
B. The Company reserves the right to change the General Agent upon written
request of the owner of the certificate/contracts and redirect future
commissions to the new General Agent.
C. Upon termination of the General Agent's Agreement for any reason, no further
commissions will be paid to the General Agent on certificates/contracts
issued under this Schedule.
--------------------------------------------------------------------------------
L-8491b (8/99) IM(8/99)
6
SCHEDULE OF COMMISSIONS AND ALLOWANCES [ZURICH XXXXXX LOGO]
XXXXXX INVESTORS LIFE INSURANCE COMPANY
0 Xxxxxx Xxxxx, Xxxx Xxxxx, XX 00000-0000 - 800/554-5426
Effective Date: September 29, 1999
This Schedule of Commission and Allowances ("Schedule") is part of the
agreement to which it is attached.
Commissions will be paid on premiums in accordance with the terms of the
General Agent's Agreement and the Schedule.
------------------------------------------------------------------------------------------------------------
XXXXXX DESTINATIONS LIFE PLUS Up-Front Trail Trail
(not available in all states) Premium Compensation Compensation
POLICY FORM SERIES L-8387 AND L-8388 Compensation Years 2-7 Years 8+
------------------------------------------------------------------------------------------------------------
COMMISSION CODE 1
Issue Age 0-85 5.25% None None
Issue Age 86-90 2.625% None None
COMMISSION CODE 2
Issue Age 0-85 1.00% 1.00% 1.00%
Issue Age 86-90 0.50% 0.50% 0.50%
------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------
I. BASIS FOR COMPENSATION
A. Premium Compensation will be paid at the percentage shown above upon
receipt of initial premium payments for certificates/contracts issued under
this Schedule.
B. Commissions will be paid as stated above provided that the General Agent's
Agreement is in full force and in effect.
C. Commissions for certificates/contracts issued outside the Company's
published guidelines will be negotiated by the Company.
D. Trail Compensation will be paid on a calendar quarterly basis to equal the
annual percentage shown above. The average monthly balance of cash value
less loan account values during a calendar quarter will be used as the
basis for valuation if assets. Trail compensation will be paid on account
values that are based on premiums which have been in the contract for at
least twelve months.
E. Trail compensation is not payable on any contract that has been
surrendered, or under which a death benefit has been paid.
F. 100% of commissions will be charged back on any certificate/contract that
is rescinded by the Company or which is terminated using the free-look
provision. Commission will be charged back by credit against commissions
to be paid in the future and/or by requiring cash repayment by the General
Agent.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
II. NOTWITHSTANDING ANY OTHER PROVISION
A. The commissions specified in this Schedule will not be paid, and the right
to receive commissions and the amount of commissions to be paid shall be
determined by the Company, under the following circumstances:
1. On policies not listed in this Schedule or introduced by the Company
after the effective date of this Schedule; and
2. On policies which are changed from the original version, under a
policy provisions or otherwise, and on certificates/contracts which
are issued using cash values of previously issued KILICO (or any of
its affiliates) certificates/contracts or are converted or exchanged
from previously issued KILICO (or any of its affiliates)
certificates/contracts, either under a policy provision or otherwise.
B. The Company reserves the right to change the General Agent upon written
request of the owner of the certificate/contracts and redirect future
commissions to the new General Agent.
C. Upon termination of the General Agent's Agreement for any reason, no
further commissions will be paid to the General Agent on
certificates/contracts issued under this Schedule.
--------------------------------------------------------------------------------
L-8491c (8/99) IM (8/99)
