UP FRONT COMMISSIONS definition

UP FRONT COMMISSIONS. The rate of commissions paid on Purchase Payments made with respect to each particular Contract is based on the issue age of the Owner (or of the Annuitant if the Contract is owned by a non-natural person) as set forth in the tables below. You may select one of Commission Options A through D as shown in the table below at the time of application for each Contract. IF NO SELECTION IS MADE ON THE APPLICATION, SBL WILL PAY YOU PURSUANT TO OPTION B. You may select a different option for each Contract but may not change the Option in effect after the Contract is issued. ---------------------- ----------------------- --------------------- ---------------------- COMMISSION OPTION OPTION A OPTION B OPTION C OPTION D ---------------------- ----------------------- --------------------- ---------------------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- OWNER ISSUE AGE 0 - 80 81 - 90 0 - 80 81 - 90 0 - 80 81 - 90 0 - 80 81 - 90 ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- 6.50% 2.50% 5.00% 2.50% 2.50% 2.50% 0.00% 0.00% ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- * No Commission will be paid on Purchase Payments made that are less than the minimum specified in the applicable prospectus and Contract.
UP FRONT COMMISSIONS. The rate of commissions paid on Purchase Payments made with respect to each particular Contract is based on the issue age of the Owner (or of the Annuitant if the Contract is owned by a non-natural person) as set forth in the tables below. You may select one of Commission Options A through D as shown in the table below at the time of application for each Contract. IF NO SELECTION IS MADE ON THE APPLICATION, SDI WILL PAY YOU PURSUANT TO OPTION B. You may select a different option for each Contract but may not change the Option in effect after the Contract is issued. COMMISSION OPTION OPTION A OPTION B OPTION C OPTION D --------------------------------------------------------------------------------------- OWNER ISSUE AGE 0-80 81-85 0-80 81-85 0-80 81-85 0-80 81-85 6.50% 0.00% 5.00% 2.50% 2.50% 0.00% 0.00% 0.00% *No Commission will be paid on Purchase Payments made that are less than the minimum specified in the applicable prospectus and Contract. **Option A is not available in connection with a Contract qualified under Section 401, 403 or 457 of the Internal Revenue Code. Option A is available, however, in connection with a Contract issued as an individual retirement annuity under Section 408 or 408A of the Code.
UP FRONT COMMISSIONS. No upfront commission is payable to the Marketing Organization on Purchase Payments made with respect to each particular Contract.

More Definitions of UP FRONT COMMISSIONS

UP FRONT COMMISSIONS. The rate of commissions paid on Purchase Payments made with respect to each particular Contract is based on the issue age of the Owner (or of the Annuitant if the Contract is owned by a non-natural person) as set forth in the tables below. You may select one of Commission Options A through D as shown in the table below at the time of application for each Contract; provided however, that Option A is not available for certain qualified Contracts.. IF NO SELECTION IS MADE ON THE APPLICATION, SDI WILL PAY YOU PURSUANT TO OPTION B. You may select a different option for each Contract but may not change the Option in effect after the Contract is issued. No commission will be paid on Purchase Payments made that are less than the minimum specified in the applicable prospectus and Contract. ---------------------- ----------------------- --------------------- ---------------------- COMMISSION OPTION OPTION A* OPTION B OPTION C OPTION D ---------------------- ----------------------- --------------------- ---------------------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- OWNER ISSUE AGE 0 - 80 81 - 85 0 - 80 81 - 85 0 - 80 81 - 85 0 - 80 81 - 85 ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- 6.50% 0.00% 5.00% 2.50% 2.50% 0.00% 0.00% 0.00% ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- *Commission Option A is not available in connection with a Contract qualified under Section 401, 403 or 457 of the Internal Revenue Code. Option A is available, however, in connection with a Contract issued as an individual retirement annuity under Section 408 or 408A of the Code.
UP FRONT COMMISSIONS. The rate of commissions paid on Purchase Payments made with respect to each particular Contract is based on the issue age of the Owner (or of the Annuitant if the Contract is owned by a non-natural person) as set forth in the tables below. You may select one of Commission Options A through E as shown in the table below at the time of application for each Contract. If no selection is made on the application, SBL will pay you pursuant to Option A. You may select a different option for each Contract but may not change the Option in effect after the Contract is issued. Advancing of commissions on 1035 exchanges and annualizing of commissions for recurring deposits are not available with regard to sales of this Contract. Commission Option OPTION A OPTION B OPTION C OPTION D OPTION E Owner Issue Age 0 - 75 0 - 75 0 - 75 0 - 75 0 - 75 8.00% 6.00% 4.00% 2.00% 0.00% *No Commission will be paid on Purchase Payments made that are less than the minimum specified in the applicable prospectus and Contract, or for Purchase Payments made on a Contract for which the issue age of the Owner and/or Annuitant is older than age 75. ASSET-BASED COMMISSIONS: Under Commission Options B, C and D, SBL will pay an asset-based commission as of the end of each calendar month. The amount of the asset-based commission under each Option is equal to 1/12 of the applicable percentage set forth in the table below times the aggregate Contract Value of those Contracts sold under the applicable Commission Option for which Marketing Organization is the broker of record and for which the initial Purchase Payment is more than 12 months old. For Option E only, the asset-based commission will be paid as of the end of the first calendar month of the contract date. On an annual basis, the asset-based commission is equal to the amount set forth in the Table below. No asset-based commission will be paid on Contracts that have annuitized under a life contingent annuity option. An Annuitization Fee may be available as discussed in paragraph 4. Commission Option OPTION A OPTION B OPTION C OPTION D OPTION E
UP FRONT COMMISSIONS. The rate of commissions paid on Purchase Payments made with respect to each particular Contract is based on the issue age of the Owner (or of the Annuitant if the Contract is owned by a non-natural person) as set forth in the tables below. You may select one of Commission Options A through D as shown in the table below at the time of application for each Contract. If no selection is made on the application, SBL will pay you pursuant to Option B. You may select a different option for each Contract but may not change the Option in effect after the Contract is issued. ---------------------- ----------------------- COMMISSION OPTION OPTION A OPTION B ---------------------- ----------------------- ---------- ----------- ---------- ----------- OWNER ISSUE AGE 0 - 80 81 - 90 0 - 80 81 - 90 ---------- ----------- ---------- ----------- ---------- ----------- ---------- -----------
UP FRONT COMMISSIONS. The rate of commissions paid on Purchase Payments made with respect to each particular Contract is based on the issue age of the Owner (or of the Annuitant if the Contract is owned by a non-natural person) as set forth in the tables below. You may select one of Commission Options A through D as shown in the table below at the time of application for each Contract. If no selection is made on the application, SDI will pay you pursuant to Option B. You may select a different option for each Contract but may not change the Option in effect after the Contract is issued. ================================================================ COMMISSION OPTION OPTION A OPTION B OPTION C OPTION D ---------------------------------------------------------------- OWNER ISSUE AGE 0-80 81-90 0-80 81-90 0-80 81-90 0-80 81-90 ---------------------------------------------------------------- 6.50% 2.50% 5.00% 2.50% 2.50% 2.50% 0.00% 0.00% ================================================================ *No Commission will be paid on Purchase Payments made that are less than the minimum specified in the applicable prospectus and Contract.
UP FRONT COMMISSIONS. The rate of commissions paid on Purchase Payments made with respect to each particular Contract is based on the issue age of the Owner (or of the Annuitant if the Contract is owned by a non-natural person) as set forth in the tables below. You may select one of Commission Options A through D as shown in the table below at the time of application for each Contract. IF NO SELECTION IS MADE ON THE APPLICATION, SBL WILL PAY YOU PURSUANT TO OPTION A. You may select a different option for each Contract but may not change the Option in effect after the Contract is issued. Advancing of commissions on 1035 exchanges and annualizing of commissions for recurring deposits are not available with regard to sales of this Contract. ===================================================================== COMMISSION OPTION OPTION A OPTION B OPTION C OPTION D --------------------------------------------------------------------- OWNER ISSUE AGE 0-80 0-80 0-80 0-80 8.00% 6.00% 4.00% 2.00% ===================================================================== *No Commission will be paid on Purchase Payments made that are less than the minimum specified in the applicable prospectus and Contract, or for Purchase Payments made on a Contract for which the issue age of the Owner and/or Annuitant is older than age 80.
UP FRONT COMMISSIONS. The rate of commission paid on Purchase Payments made with respect to each particular Contract is based on the issue age of the oldest Owner (or of the Annuitant if the Contract is owned by a non-natural person) and the allocation of each Purchase Payment as shown in the tables below.

Related to UP FRONT COMMISSIONS

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