GUARANTEED INCOME BOND & GUARANTEED GROWTH BOND Initial Commission:3-year term of guarantee – 1.5% of the single premium paid Sample Clauses

GUARANTEED INCOME BOND & GUARANTEED GROWTH BOND Initial Commission:3-year term of guarantee – 1.5% of the single premium paid. 4-year term of guarantee – 2.0% of the single premium paid 5-year term of guarantee – 2.5% of the single premium paid On renewal of the contract at the end of the term of guarantee initial commission appropriate to the new guaranteed term is again generated.