Trail Commissions. Beginning in the second policy year, trail commissions may be earned on each policy. Trail commissions are calculated at the end of each calendar quarter. In order to be eligible for trail commissions, the policy must be in force on the calculation date, and the policy must be in its second or later policy year. Trail commissions, on an annual basis, are equal to .26% of the unloaned policy value. The rate applied to the unloaned policy value to calculate the quarterly trail commission is one-fourth of the annual rate and is equal to .066% of the unloaned policy value.
Appears in 3 contracts
Sources: Variable Insurance Products Sales Agreement (Sep Acct Vul-6 of Transamerica Occidental Life Insurance Co), Sales Agreement (Separate Acct Vul 5 of Transamerica Occidental Life Ins Co), Sales Agreement (Separate Account Vul 4 of Transamer Occidental Life Ins Co)