Common use of EXPENSE PAYMENTS Clause in Contracts

EXPENSE PAYMENTS. (a) In consideration of the anticipated administrative and shareholder servicing expense savings resulting from the Company’s services set forth above, EquiTrust agrees to pay the Company a fee (the “Fee”), computed daily and paid monthly in arrears, equal to the following percent of daily net asset value of the shares of the Portfolios held in the subaccounts of the Accounts. Value Growth Portfolio 0.10 % High Grade Bond Portfolio 0.10 % High Yield Bond Portfolio 0.10 % Managed Portfolio 0.10 % Blue Chip Portfolio 0.10 % Money Market Portfolio 0.10 %