Examples of Marketing Expense in a sentence
Marketing Expense Allowances may vary based on the form of Contract sold and the age of the purchaser.
As of December 31, 2014, we have entered into arrangements to pay Marketing Expense Allowances to the following Fund Companies (or affiliated parties) for our entire suite of variable annuities: American Variable Insurance Series & Capital Research and Management Company & Oppenheimer Variable Account Funds & Oppenheimer Funds Distributor, Inc.
The Advisor shall pay (without the right of reimbursement from the Company) any Offering and Organization Expenses in the initial offering of Shares or Units which, exclusive of the Selling Commissions and Marketing Expense Allowance, exceed 3% of gross offering proceeds.
For the fiscal year ended December 31, 2014, Additional Payments did not in the aggregate exceed approximately $21.4 million (excluding corporate-sponsorship related perquisites and Marketing Expense Allowances) or approximately 0.04% of average total individual variable annuity assets.
Marketing Expense Allowances for this period did not exceed $38,000 or approximately 0.14% of the Premium Payments invested in a particular Fund during this period.