Common Contracts
5 similar Participation Agreement contracts by Merrill Lynch Life Variable Annuity Separate Account A, SBL Variable Annuity Account Xiv, Separate Account Va Cc, TFLIC Separate Account VNY
FUND PARTICIPATION AGREEMENTParticipation Agreement • December 28th, 2012 • SBL Variable Annuity Account Xiv • Pennsylvania
This AGREEMENT is made this 21st day of August, 2012, by and between Security Benefit Life Insurance Company (the “Insurer”), a life insurance company domiciled in Kansas, on its behalf and on behalf of certain segregated asset accounts of the Insurer listed on Exhibit A to this Agreement, which may be updated from time to time for the convenience of the parties (the “Separate Accounts”); Federated Insurance Series (the “Investment Company”), a Massachusetts business trust; and Federated Securities Corp. (the “Distributor”), a Pennsylvania corporation.
Participation Agreement (Federated)Participation Agreement • April 26th, 2012 • Merrill Lynch Life Variable Annuity Separate Account A • Pennsylvania
Participation Agreement (Federated)Participation Agreement • April 25th, 2012 • TFLIC Separate Account VNY • Pennsylvania
Assume that the total fund expense is 100 basis points. Of such 100 basis points, Federated retains 40 basis points and pays out 60 basis points to clients. As a result, the pro-rata ratio is 40/60. With respect to a particular month’s waiver, if the waiver was 10 basis points, then the 40/60 split would be applied such that Federated’s share of the waiver would be 4 basis points and the clients (in total) would realize a 6 basis point waiver for that month. This calculation is done by considering the total amount retained by Federated and the total amount paid to all clients; the calculation is not done on a client by client basis.
Participation Agreement (Federated)Participation Agreement • April 23rd, 2012 • Merrill Lynch Life Variable Annuity Separate Account A • Pennsylvania
Participation Agreement between Monumental Life Insurance Company, Federated Insurance Series, and Federated Securities Corp.Participation Agreement • April 17th, 2012 • Separate Account Va Cc • Pennsylvania
Assume that the total fund expense is 100 basis points. Of such 100 basis points, Federated retains 40 basis points and pays out 60 basis points to clients. As a result, the pro-rata ratio is 40/60. With respect to a particular month’s waiver, if the waiver was 10 basis points, then the 40/60 split would be applied such that Federated’s share of the waiver would be 4 basis points and the clients (in total) would realize a 6 basis point waiver for that month. This calculation is done by considering the total amount retained by Federated and the total amount paid to all clients; the calculation is not done on a client by client basis.
