Trail Commissions. For any Contracts for which a trail commission is paid, ------------------ such commission shall be credited on an annualized basis. Such commissions shall be computed monthly as of the end of each policy month on the Contract's Accumulated Value less policy debt. The trail commission shall be payable as specified in the applicable Compensation Schedule, on each Contract anniversary at the end of the Contract year. Trail commission shall be paid only if the Contract is in force on the date the trail commission becomes payable. No trail commissions whatsoever may be earned, paid, credited or accrued in any way with respect to sales in the State of New York.
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Sources: Broker Dealer Supervisory and Selling Agreement (Security Life Separate Account L1), Broker Dealer Supervisory and Selling Agreement (Security Life Separate Account A1)
Trail Commissions. For any Contracts for which a trail commission is paid, ------------------ such commission shall be credited on an annualized basis. Such commissions shall be computed monthly as of the end of each policy month on as defined in the Contract's Accumulated Value less policy debtContracts. The trail commission shall be payable as specified in the applicable Compensation Schedule, on each Contract anniversary at the end of the Contract year. Trail commission shall be paid only if the Contract is in force on the date the trail commission becomes payable. No trail commissions whatsoever may be earned, paid, credited credited, or accrued in any way with respect to sales in the State of New York.
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