Common use of REGISTERED PRODUCTS (Variable Annuities and Variable Life Insurance Clause in Contracts

REGISTERED PRODUCTS (Variable Annuities and Variable Life Insurance. The Commission Option Selection(s) and Default Commission Option Selection made in this Section apply to ALL registered product business produced by Broker/Dealer and its Producers when options are available. For products having only one Commission Option, that Option will be paid regardless of Options or default selected. Option A Option B Option C (Initial and Date) (Initial and Date) (Initial and Date) Option D Option E (Initial and Date) (Initial and Date) If Broker/Dealer fails to initial any of the Option selections, it is agreed that Broker/Dealer has selected all of the Commission Option selections. Broker/Dealer’s default selection is Option __________ if more than one Commission Option is available, and Producer fails to make selection on business submitted to Insurer. Defaults cannot be selected by product. Only one default can be selected to apply to ALL registered products. If the Broker/Dealer fails to select a default Option (if more than one Commission Option is available and Producer fails to make selection on business submitted to Insurer), it is agreed that Broker/Dealer’s default selection is Option A.