DISTRIBUTION AGREEMENT

DISTRIBUTION AGREEMENT

AGREEMENT dated as of March 11, 1996 by and between NATIONAL LIFE
INSURANCE COMPANY ("Insurer"), a Vermont insurance company, on its behalf and on
behalf of each separate account identified in Schedule 1 hereto, and EQUITY SERVICES, INC.
("Distributor"), a Vermont corporation.

WITNESSETH:

WHEREAS, Distributor is a broker-dealer that engages in the distribution of variable
insurance products and other investment products; and

WHEREAS, Insurer desires to issue certain variable insurance products described more
fully below to the public through Distributor acting as principal underwriter;

NOW, THEREFORE, in consideration of their mutual promises, Insurer and Distributor
hereby agree as follows:

1. Definitions

a. Policies -- The class or classes of variable insurance products set forth on
Schedule 1 to this Agreement as in effect at the time this Agreement is executed, and such other
classes of variable insurance products that may be added to Schedule 1 from time to time in
accordance with Section 11.b of this Agreement, and including any riders to such policies and
any other policies offered in connection therewith. For this purpose and under this Agreement
generally, a "class of Policies" shall mean those Policies issued by Insurer on the same policy
form or forms and covered by the same Registration Statement.

b. Registration Statement -- At any time that this Agreement is in effect, each
currently effective registration statement filed with the SEC under the 1933 Act on a prescribed
form, or currently effective post-effective amendment thereto, as the case may be, relating to a
class of Policies, including financial statements included in, and all exhibits to, such registration
statement or post-effective amendment. For purposes of Section 9 of this Agreement, the term
"Registration Statement" means any document which is or at any time was a Registration
Statement within the meaning of this Section 1.b.

c. Prospectus -- The prospectus included within a Registration Statement, except
that, if the most recently filed version of the prospectus (including any supplements thereto) filed
pursuant to Rule 497 under the 1933 Act subsequent to the date on which a Registration
Statement became effective differs from the prospectus included within such Registration
Statement at the time it became effective, the term "Prospectus" shall refer to the most recently
filed prospectus filed under Rule 497 under the 1933 Act, from and after the date on which it
shall have been filed. For purposes of Section 9 of this Agreement, the term "any Prospectus"
means any document which is or at any time was a Prospectus within the meaning of this Section
1.c.
d. Fund -- An investment company in which the Variable Account invests.
e. Variable Account -- A separate account supporting a class or classes of Policies
and specified on Schedule 1 as in effect at the time this Agreement is executed, or as it may be
amended from time to time in accordance with Section 11. b of this Agreement.

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f. 1933 Act -- The Securities Act of 1933, as amended.

g. 1934 Act -- The Securities Exchange Act of 1934, as amended.

h. 1940 Act -- The Investment Company Act of 1940, as amended.

i. SEC -- The Securities and Exchange Commission.

j. NASD -- The National Association of Securities Dealers, Inc.

k. Regulations -- The rules and regulations promulgated by the SEC under the 1933
Act, the 1934 Act and the 1940 Act as in effect at the time this Agreement is executed or
thereafter promulgated.

l. Selling Broker-Dealer -- A person or entity registered as a broker-dealer and
licensed as a life insurance agent or affiliated with a person or entity so licensed, and authorized
to distribute the Policies pursuant to a sales agreement as provided for in Section 4 of this
Agreement.

m. Representative -- When used with reference to Distributor or a Selling Broker-
Dealer, an individual who is an associated person, as that term is defined in the 1934 Act, thereof.

n. Application -- An application for a Policy.

o. Premium -- A payment made under a Policy by an applicant or purchaser to
purchase benefits under the Policy.

p. Customer Service Center -- The service center identified in the Prospectus as the
location at which Premiums and Applications are accepted.

2. Authorization and Appointment

a. Scope of Authority. Insurer hereby authorizes Distributor on an exclusive basis,
and Distributor accepts such authority, subject to the registration requirements of the 1933 Act
and the 1940 Act and the provisions of the 1934 Act and conditions herein, to be the distributor
and principal underwriter for the sale of the Policies to the public in each state and other
jurisdiction in which the Policies may lawfully be sold during the term of this Agreement.
Insurer hereby authorizes Distributor to grant authority to Selling Broker-Dealers to solicit
Applications and Premiums to the extent Distributor deems appropriate and consistent with the
marketing program for the Policies or a class of Policies, subject to the conditions set forth in
Section 4 of this Agreement. The Policies shall be offered for sale and distribution at premium
rates set from time to time by Insurer. Distributor shall market the Policies actively, directly
and/or through Selling Broker-Dealers in accordance with Section 4 of this Agreement, subject to
compliance with applicable law, including rules of the NASD.

b. Limits on Authority. Distributor shall act as an independent contractor and
nothing herein contained shall constitute Distributor or its agents, officers or employees as
agents, officers or employees of Insurer solely by virtue of their activities in connection with the

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sale of the Policies hereunder. Distributor and its Representatives shall not have authority, on
behalf of Insurer: to make, alter or discharge any Policy or other insurance policy or annuity
entered into pursuant to a Policy; to waive any Policy forfeiture provision; to extend the time of
paying any Premium; or to receive any monies or Premiums (except for the sole purpose of
forwarding monies or Premiums to Insurer). Distributor shall not expend, nor contract for the
expenditure of, the funds of Insurer. Distributor shall not possess or exercise any authority on
behalf of Insurer other than that expressly conferred on Distributor by this Agreement.

3. Solicitation Activities

a. Distributor Representatives. No Distributor Representative shall solicit the sale of
a Policy unless at the time of such solicitation such individual is duly registered with the NASD
and duly licensed with all applicable state insurance and securities regulatory authorities, and is
duly appointed as an insurance agent of Insurer.

b. Solicitation Activities. All solicitation and sales activities engaged in by
Distributor and the Distributor Representatives with respect to the Policies shall be in compliance
with all applicable federal and state securities laws and regulations and NASD rules, as well as
all applicable insurance laws and regulations and the Insurer's rules and procedures (to the extent
not inconsistent with the foregoing). In particular, without limiting the generality of the
foregoing:

(1) Neither Distributor nor any Distributor Representative shall offer, attempt
to offer, or solicit Applications for, the Policies in any state or other jurisdiction unless Insurer
has notified Distributor that such Policies may lawfully be sold or offered for sale in such state,
and has not subsequently revised such notice.

(2) Neither Distributor nor any Distributor Representative shall give any
information or make any representation in regard to a class of Policies in connection with the
offer or sale of such class of Policies that is not in accordance with the Prospectus for such class
of Policies, or in the then-currently effective prospectus or statement of additional information
for a Fund, or in current advertising materials for such class of Policies authorized by Insurer.

(3) All Premiums paid by check or money order that are collected by
Distributor or any of its Representatives shall be remitted promptly, and in any event not later
than noon of the next business day following receipt of such Premium, in full, together with any
Applications, forms and any other required documentation, to the Insurer. Checks or money
orders in payment of Premiums shall be drawn to the order of the Insurer. If any Premium is
held at any time by Distributor, Distributor shall hold such Premium in a fiduciary capacity and
such Premium shall be remitted promptly, and in any event not later than noon of the next
business day following receipt of such Premium, to Insurer. Distributor acknowledges that all
such Premiums, whether by check, money order or wire, shall be the property of Insurer.
Distributor acknowledges that Insurer shall have the unconditional right to reject, in whole or in
part, any Application or Premium.

c. Representations and Warranties of Distributor. Distributor represents and
warrants to Insurer that Distributor is and shall remain registered during the term of this
Agreement as a broker- dealer under the 1934 Act, is a member with the NASD, and is duly

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registered under applicable state securities laws, and that Distributor is and shall remain during
the term of this Agreement in compliance with Section 9(a) of the 1940 Act.

4. Selling Broker-Dealers. Insurer shall ensure that sales of the Policies by Selling Broker-
Dealers comply with the following conditions.

a. Every Selling Broker-Dealer shall be both registered as a broker-dealer with the
SEC and a member of the NASD and licensed as an insurance agent with authority to sell
variable products or associated with an insurance agent so licensed. Any individuals to be
authorized to act on behalf of Selling Broker-Dealer shall be duly registered with the NASD as
representatives of Selling Broker-Dealer with authority to sell variable products, and shall be
licensed as insurance agents with authority to sell variable products. Insurer shall verify that
Selling Broker-Dealer and its Representatives are duly licensed under applicable state insurance
law to sell the Policies (or, if Broker-Dealer is not so licensed, that it is associated with a person
or entity so licensed).

b. Every Selling Broker-Dealer (or, if applicable, its associated general insurance
agency) and each of its Representatives shall have been appointed by Insurer, provided that
Insurer reserves the right to refuse to appoint any proposed person, or once appointed, to
terminate such appointment.

c. Every Selling Broker-Dealer must enter into a written sales agreement with
Distributor which sales agreement, among other things, will require such Selling Broker-Dealer
to use its best efforts to solicit applications for Policies and to comply with applicable laws and
regulations, including the Insurer's rules and regulations as reflected in the Insurer's rules and
procedures or otherwise communicated to agents appointed by Insurer, and will contain such
other provisions as the Distributor deems to be consistent herewith.

d. In view of Insurer's desire to ensure that Policies will be sold to purchasers for
whom the Policies will be suitable, the written Sales Agreement shall require that Selling Broker-
Dealers and their Representatives not make recommendations to an applicant to purchase a
Policy in the absence of reasonable grounds to believe that the purchase of the Policy is suitable
for the applicant. While not limited to the following, a determination of suitability shall be based
on information supplied by an applicant after a reasonable inquiry concerning the applicant's
other security holdings, insurance and investment objectives, financial situation and needs, and
the likelihood that the applicant will continue to make any premium payments contemplated by
the Policy applied for and will keep the Policy in force for a sufficient period of time so that
Insurer's acquisition costs are amortized over a reasonable period of time.

5. Marketing Materials

a. Preparation and Filing. Insurer shall be primarily responsible for the design and
preparation of all promotional, sales and advertising material relating to the Policies. Distributor
shall be responsible for filing such material, as required, with the NASD and any state securities
regulatory authorities. Insurer shall be responsible for filing all promotional, sales or advertising
material, as required, with any state insurance regulatory authorities. Insurer shall be responsible
for preparing the Policy Forms and filing them with applicable state insurance regulatory
authorities and obtaining any required approvals, and for preparing the Prospectuses and
Registration Statements and filing them with the SEC and state regulatory authorities, to the

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extent required. The parties shall notify each other expeditiously of any comments provided by
the SEC, NASD or any securities or insurance regulatory authority on such material, and will
cooperate expeditiously in resolving and implementing any comments, as applicable.

b. Use in Solicitation Activities. Insurer shall be responsible for furnishing
Distributor with such Applications, Prospectuses and other materials for use by Distributor and
any Selling Broker- Dealers in their solicitation activities with respect to the Policies. Insurer
shall notify Distributor of those states or jurisdictions which require delivery of a statement of
additional information with a prospectus to a prospective purchaser.

6. Compensation and Expenses

a. Insurer shall pay compensation for sales of the Policies in accordance with
Schedule 2 hereto. Until Distributor requests otherwise, Insurer shall pay compensation payable
to Distributor Representatives and to Selling Broker-Dealers, on Distributor's behalf, subject to
the provisions of Section 7 of this Agreement and applicable NASD rules.
Insurer shall pay all expenses in connection with:

(1) the preparation and filing of each Registration Statement (including each
pre-effective and post-effective amendment thereto) and the preparation and filing of each
Prospectus (including any preliminary and each definitive Prospectus);

(2) the preparation, underwriting, issuance and administration of the Policies;

(3) any registration, qualification or approval or other filing of the Policies or
Policy forms required under the securities or insurance laws of the states in which the Policies
will be offered.

(4) all registration fees for the Policies payable to the SEC;

(5) the printing and mailing of definitive Prospectuses for the Policies and any
supplements thereto for distribution to existing Policy Owners;

(6) the printing and mailing of all promotional materials relating to the
Policies;

(7) NASD filing fees (to the extent the Insurer requests expedited review).

c. Distributor shall pay the following expenses related to its distribution of the
Policies:

(1) NASD filing fees (to the extent expedited review is not requested by
Insurer); and

(2) any other expenses incurred by Distributor or its employees for the
purpose of carrying out the obligations of Distributor hereunder.

7. Compliance

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a. Maintaining Registration and Approvals. Insurer shall be responsible for
maintaining the registration of the Policies with the SEC and any state securities regulatory
authority with which such registration is required, for gaining and maintaining approval of the
Policy forms where required under the insurance laws and regulations of each state or other
jurisdiction in which the Policies are to be offered, and for ensuring that the Policies comply with
the provisions of the federal securities laws and rules thereunder.

b. Sales Load Compliance. Insurer shall be responsible for ensuring that the sales
load assessed on the Policies and compensation paid for the sales of the Policies comply with the
1940 Act and rules, regulations and interpretations thereunder, and NASD rules.

c. Confirmations and 1934 Act Compliance. Insurer, as agent for Distributor, shall
confirm to each applicant for and purchaser of a Policy in accordance with Rule 10b-10 under the
1934 Act acceptance of Premiums and such other transactions as are required by Rule 10b-10 or
administrative interpretations thereunder. Insurer shall maintain and preserve such books and
records with respect to such confirmations and all other required books of account and related
financial records relating to the distribution of the Policies in conformity with the requirements
of Rules 17a-3 and 17a-4 under the 1934 Act to the extent such requirements apply. Insurer shall
maintain all such books and records and hold such books and records on behalf of and as agent
for Distributor whose property they are and shall remain, and acknowledges that such books and
records are at all times subject to inspection by the SEC in accordance with Section 17(a) of the
1934 Act.

d. Issuance and Administration of Policies. Insurer shall be responsible for issuing
the Policies and administering the Policies and the Variable Account, including all Policy Owner
communications, in accordance with applicable law, provided, however, that Distributor shall
have full responsibility for the securities activities of all persons employed by the Insurer who
are engaged directly or indirectly in the Policy operations, and for the training, supervision and
control of such persons to the extent of such activities.

8. Investigations, Proceedings and Customer Complaints

a. Investigations and Proceedings. Distributor and Insurer shall cooperate fully in
any securities or insurance regulatory investigation or proceeding or judicial proceeding arising
in connection with the offering, sale or distribution of the Policies distributed under this
Agreement. Without limiting the foregoing, Insurer and Distributor shall notify each other
promptly of any notice of any regulatory investigation or proceeding or judicial proceeding
received by either party with respect to the Policies.

b. Customer Complaints. Distributor and Insurer shall cooperate fully in responding
to any customer complaints. Distributor and Insurer, will promptly provide to the other a copy of
all customer complaints received by either of them concerning or related to the Policies. With
respect to such complaint, Distributor and Insurer shall determine which party shall be
responsible for responding to such complaint. Such determination shall take into account the
nature of the complaint, the violation alleged, and relevant laws and facts. Distributor and
Insurer will timely provide information as needed to enable the other to respond to such
complaints.

9. Indemnification

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a. By Insurer. Insurer shall indemnify and hold harmless Distributor and each
person who controls or is associated with Distributor within the meaning of such terms under the
federal securities laws, and any officer, director, employee or agent of the foregoing, against any
and all losses, claims, damages or liabilities, joint or several (including any investigative, legal
and other expenses reasonably incurred in connection with, and any amounts paid in settlement
of, any action, suit or proceeding or any claim asserted), to which Distributor and/or any such
person may become subject, under any statute or regulation, any NASD rule or interpretation, at
common law or otherwise, insofar as such losses, claims, damages or liabilities:

(1) arise out of or are based upon any untrue statement or alleged untrue
statement of a material fact or omission or alleged omission to state a material fact required to be
stated therein or necessary to make the statements therein not misleading, in light of the
circumstances in which they were made, contained in any (i) Registration Statement or in any
Prospectus or (ii) blue-sky application or other document executed by Insurer specifically for the
purpose of qualifying any or all of the Policies for sale under the securities laws of any
jurisdiction; provided that Insurer shall not be liable in any such case to the extent that such loss,
claim, damage or liability arises out of, or is based upon, an untrue statement or alleged untrue
statement or omission or alleged omission made in reliance upon information furnished in
writing to Insurer by Distributor specifically for use in the preparation of any such Registration
Statement or any such blue-sky application or any amendment thereof or supplement thereto;

(2) result from any breach by Insurer of any provision of this Agreement.

This indemnification agreement shall be in addition to any liability that Insurer may
otherwise have; provided, however, that no person shall be entitled to indemnification pursuant
to this provision if such loss, claim, damage or liability is due to the willful misfeasance, bad
faith, gross negligence or reckless disregard of duty by the person seeking indemnification.

b. By Distributor. Distributor shall indemnify and hold harmless Insurer and each
person who controls or is associated with Insurer within the meaning of such terms under the
federal securities laws, and any officer, director, employee or agent of the foregoing, against any
and all losses, claims, damages or liabilities, joint or several (including any investigative, legal
and other expenses reasonably incurred in connection with, and any amounts paid in settlement
of, any action, suit or proceeding or any claim asserted), to which Insurer and/or any such person
may become subject under any statute or regulation, any NASD rule or interpretation, at common
law or otherwise, insofar as such losses, claims, damages or liabilities:

(1) arise out of or are based upon any untrue statement or alleged untrue
statement of a material fact or omission or alleged omission to state a material fact required to be
stated therein or necessary in order to make the statements therein not misleading, in light of the
circumstances in which they were made, contained in any (i) Registration Statement or in any
Prospectus, or (ii) blue-sky application or other document executed by Insurer specifically for the
purpose of qualifying any or all of the Policies for sale under the securities laws of any
jurisdiction; in each case to the extent, but only to the extent, that such untrue statement or
alleged untrue statement or omission or alleged omission was made in reliance upon information
furnished in writing by Distributor to Insurer specifically for use in the preparation of any such
Registration Statement or any such blue-sky application or any amendment thereof or
supplement thereto;

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(2) result because of any use by Distributor or any Distributor Representative
of promotional, sales or advertising material not authorized by Insurer or any verbal or written
misrepresentations by Distributor or any Distributor Representative inconsistent with materials
forwarded by Insurer or any unlawful sales practices concerning the Policies by Distributor or
any Distributor Representative under federal securities laws or NASD regulations; or

(3) result from any breach by Distributor of any provision of this Agreement.

This indemnification shall be in addition to any liability that Distributor may otherwise
have; provided, however, that no person shall be entitled to indemnification pursuant to this
provision if such loss, claim, damage or liability is due to the willful misfeasance, bad faith,
gross negligence or reckless disregard of duty by the person seeking indemnification.

c. General. Promptly after receipt by a party entitled to indemnification
("indemnified person") under this Section 9 of notice of the commencement of any action as to
which a claim will be made against any person obligated to provide indemnification under this
Section 9 ("indemnifying party"), such indemnified person shall notify the indemnifying party in
writing of the commencement thereof as soon as practicable thereafter, but failure to so notify the
indemnifying party shall not relieve the indemnifying party from any liability which it may have
to the indemnified person otherwise than on account of this Section 9. The indemnifying party
will be entitled to participate in the defense of the indemnified person but such participation will
not relive such indemnifying party of the obligation to reimburse the indemnified person for
reasonable legal and other expenses incurred by such indemnified person in defending himself or
itself.

The indemnification provisions contained in this Section 9 shall remain operative in full
force and effect, regardless of any termination of this Agreement. A successor by law of
Distributor or Insurer, as the case may be, shall be entitled to the benefits of the indemnification
provisions contained in this Section 9.

10. Termination. This Agreement shall terminate automatically if it is assigned by a party
without the prior written consent of the other party. This Agreement may be terminated at any
time for any reason or for no reason by either party upon 60 days’ written notice to the other
party, without payment of any penalty. (The term "assigned" shall not include any transaction
exempted from Section 15(b)(2) of the 1940 Act.) This Agreement may be terminated
immediately at the option of either party to this Agreement upon the other party’s material breach
of any provision of this Agreement or of any representation or warranty made in this Agreement,
unless such breach has been cured within 10 days after receipt of notice of breach from the non-
breaching party. Upon termination of this Agreement all authorizations, rights and obligations
shall cease except the obligation to settle accounts hereunder, including commissions on
Premiums subsequently received for Policies in effect at the time of termination or issued
pursuant to Applications signed prior to termination.

11. Miscellaneous

a. Binding Effect. This Agreement shall be binding on and shall inure to the benefit
of the respective successors and assigns of the parties hereto provided that neither party shall
assign this Agreement or any rights or obligations hereunder without the prior written consent of
the other party.

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b. Schedules. The parties to this Agreement may amend Schedule I to this
Agreement from time to time to reflect additions of any class of Policies and Variable Accounts.
The provisions of this Agreement shall be equally applicable to each such class of Policies and
each Variable Account that may be added to the Schedule, unless the context otherwise requires.
Insurer may amend Schedule 2 unilaterally, from time to time. Any other change in the terms or
provisions of this Agreement shall be by written agreement between Insurer and Distributor.

c. Rights. Remedies. etc. are Cumulative. The rights, remedies and obligations
contained in this Agreement are cumulative and are in addition to any and all rights, remedies
and obligations, at law or in equity, which the parties hereto are entitled to under state and
federal laws. Failure of either party to insist upon strict compliance with any of the conditions of
this Agreement shall not be construed as a waiver of any of the conditions, but the same shall
remain in full force and effect. No waiver of any of the provisions of this Agreement shall be
deemed, or shall constitute, a waiver of any other provisions, whether or not similar, nor shall
any waiver constitute a continuing waiver.

d. Notices. All notices hereunder are to be made in writing and shall be given:

if to Insurer, to:

D. Xxxxxxx Xxxxxx, Esq.
National Life Insurance Company
One National Life Drive
Montpelier, Vermont 05604

if to Distributor, to:

Xxxxxxx Xxxxxx, Director of Compliance
Equity Services, Inc.
National Life Drive
Montpelier, Vermont 05604

or such other address as such party may hereafter specify in writing. Each such
notice to a party shall be either hand delivered or transmitted by registered or certified United
States mail with return receipt requested, or by overnight mail by a nationally recognized courier,
and shall be effective upon delivery. Failure to provide written notice shall not constitute a
defense to any action unless the party who did not receive written notice was materially
prejudiced thereby.

f. Interpretation; Jurisdiction. This Agreement constitutes the whole agreement
between the parties hereto with respect to the subject matter hereof, and supersedes all prior oral
or written understandings, agreements or negotiations between the parties with respect to such
subject matter. No prior writings by or between the parties with respect to the subject matter
hereof shall be used by either party in connection with the interpretation of any provision of this
Agreement. This Agreement shall be construed and its provisions interpreted under and in
accordance with the internal laws of the state of [Vermont] without giving effect to principles of
conflict of laws.

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g. Severability. This is a severable Agreement. In the event that any provision of
this Agreement would require a party to take action prohibited by applicable federal or state law
or prohibit a party from taking action required by applicable federal or state law, then it is the
intention of the parties hereto that such provision shall be enforced to the extent permitted under
the law, and, in any event, that all other provisions of this Agreement shall remain valid and duly
enforceable as if the provision at issue had never been a part hereof.

h. Section and Other Headings. The headings in this Agreement are included for
convenience of reference only and in no way define or delineate any of the provisions hereof or
otherwise affect their construction or effect.

i. Counterparts. This Agreement may be executed in two or more counterparts, each
of which taken together shall constitute one and the same instrument.

j. Regulation. This Agreement shall be subject to the provisions of the 1933 Act,
1934 Act and 1940 Act and the Regulations and the rules and regulations of the NASD, from
time to time in effect, including such exemptions from the 1940 Act as the SEC may grant, and
the terms hereof shall be interpreted and construed in accordance therewith.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed
by such authorized officers on the date specified below.

NATIONAL LIFE INSURANCE COMPANY

By:
____/s/ Xxxxx X. Smith____________________________
Name: Xxxxx X. Xxxxx
Title: Senior vice President

Equity Services Inc.

By; /s/ Xxxxxxx Xxxxxxx
Name: Xxxxxxx Xxxxxxx
Title: Senior Vice President

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						SCHEDULE 1
						REGISTRATION		VARIABLE
VARIABLE POLICY				FORM		STATEMENT		ACCOUNT
1.		Variable Life		Form S-6		File No. 33-91938		National Variable
								Life Insurance
								Account

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SCHEDULE 2

SCHEDULES OF SALES COMMISSIONS

Agents are compensated for sales of this Policy on a commission and service fee basis. The
compensation is calculated as a percentage of premium paid up to the Commissionable Target
Premium (a target amount used only to determine commission payments), plus a percentage of
premium paid in excess of Commissionable Target Premium. The schedule of percentage is as
follows:

Percent of Premium up to Commissionable Target Premium:

Policy Year		Commission		Service Fee
1		50%		4.0%
2-4				4.0%
5				4.0%
6-10				1.5%

Percent of Premium in excess of Commissionable Target Premium:

Policy Year		Commission		Service Fee
1		3%
2-4				3.0%
5				3.0%
6-10				3.0%
11+				1.5%
Increases in Face Amount:
Duration of Increase				Commission Percent
		1-5		46.0%
		6-10		46.0%
		11+		48.5%

Internal Replacements:
After the Commissionable Target Premium has been reduced (for coverage amounts less
than or equal to the amount of coverage on policy(ies) being rolled into VUL) the rate applied to
premium up to Commissionable Target Premium for the agent's commission should be 50%.

Term Conversions (After Issue):
Regular commissions are generated on the term conversion credit and then charged back
to the agents at 50%.
There are no changes to General Agent compensation or SFYC.
All documents and systems should be changed immediately to reflect these revisions.

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