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American General Life and Accident _AGLA_ Standard Independent

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American General Life and Accident _AGLA_ Standard Independent Powered By Docstoc
					   American General Life and Accident (AGLA)
   Standard Independent Agent Agreement
   New Career Distribution - Compensation Schedule for AGLA Life Products



   Table of First-Year and Renewal Compensation
   This schedule is subject to the provisions of the Standard Independent Agent Agreement to
   which it is attached.

                                         Compensation                  Renewal                          Service Fee
                                                                       Years 2 – 10                     Years 11+
Product                             1st Year            1st Year      Vested        Non-vested      Vested        Non-vested
                                    Premium1            Excess                      Service                       Service Fee
                                                                                    Fee
AGLAChoice Accumulator               90.00%             2.50%         0.50%         2.00%           0.00%         2.00%
AGLAChoice Protector                 90.00%             2.50%         0.50%         2.00%           0.00%         2.00%
AGLAChoice Performer                 90.00%             1.00%         0.50%         2.00%           0.00%         2.00%
AGLAChoice Provider                  90.00%             1.00%         0.50%         2.00%           0.00%         2.00%
AGLA CCT 10-12 Year                  70.00%             N/A           0.00%         2.00%           0.00%         0.00%
AGLA CCT 15-17 Year                  80.00%             N/A           0.00%         2.00%           0.00%         0.00%
AGLA CCT 18-30 Year                  90.00%             N/A           0.00%         2.00%           0.00%         0.00%
AGLA CCT 31-35 Year                 100.00%             N/A           0.00%         2.00%           0.00%         0.00%
AGLA Flex Term 10-17 Year            70.00%             N/A           0.00%         0.00%           0.00%         0.00%
AGLA Flex Term 18-24 Year            80.00%             N/A           0.00%         0.00%           0.00%         0.00%
AGLA Flex Term 25-30 Year            90.00%             N/A           0.00%         0.00%           0.00%         0.00%
AGLA Flex Term 31-35 Year           100.00%             N/A           0.00%         0.00%           0.00%         0.00%



   •     The benchmark premium for universal life policies is defined per $1,000 of face amount of the policy, plus any
         applicable policy fee, and may vary with the plan, age, sex, death benefit option and smoker status of the
         insured.
   •     The compensation percentages shown will be applied to all applications issued through your assigned agent
         hierarchy, less any commissions paid directly to agents or subagents assigned to you.
   •     When a policyholder increases the face amount of the universal life policy, whether by exercising the policy
         change provision contained in the policy or a provision contained in a policy rider, the increase in benchmark
         premium will be treated as if it were a new policy for compensation purposes and will follow the universal life
         table for first year compensation. An increase resulting from a change in the death benefit option is not treated
         as an increase for compensation purposes.
   •     For the purpose of chargebacks of compensation, the term “terminations” includes all terminations including
         death. Chargebacks can occur in the first year.
   •     Non-vested service fee payable as long as the Standard Independent Agent Agreement to which this schedule
         is attached is in-force and policy is premium paying.




   1
       For UL Policies up to benchmark

                                                                                                              Contract L11
                                                                                                           Revised 10-2010

				
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posted:12/22/2011
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