Common use of EXPENSE PAYMENTS Clause in Contracts

EXPENSE PAYMENTS. (a) In consideration of the anticipated administrative and shareholder servicing expense savings resulting from the Company’s services set forth above, EquiTrust agrees to pay the Company a fee (the “Fee”), computed daily and paid monthly in arrears, equal to the following percent of daily net asset value of the shares of the Portfolios held in the subaccounts of the Accounts. Value Growth Portfolio 0.10 % High Grade Bond Portfolio 0.10 % High Yield Bond Portfolio 0.10 % Managed Portfolio 0.10 % Blue Chip Portfolio 0.10 % Money Market Portfolio 0.10 % (b) As soon as practicable after the end of each month, EquiTrust will calculate Company’s fee for the preceding month as stated in this Paragraph 2 and pay such fee to the Company. For purposes of this Paragraph 2, the average daily net asset value of the shares of the Fund will be based on the net asset values reported by such Fund to the Company.