TRANSAMERICA LIFE Commission Schedules
TRANSAMERICA LIFE Commission Schedules Product: TransACE CV 2013 85%
80%
75%
70%
65%
60%
55%
50%
(2% Renewal Years 2-5) (0% Renewals Years 6+)
3 Mark Level: 120% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Product: TransNavigator IUL 85% 80% 75% 70%
65%
60%
55%
50%
(2% Renewals Years 2-5) (0% Renewals Years 6+)
3 Mark Level: 120% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: Guaranteed Whole Life (GWL),TRENDSETTER SUPER 20, 25, 30 85% 80% 75% 70% 65% 60% 55% 50% 45% (2% Renewals Years 2-10) (2% Renewals Years 11+ (non-vested))
3 Mark Level: 120% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: TRENDSETTER SUPER 15 80% 75% 70% 65% 60%
55%
50%
45% (2% Renewals Years 2-10) (2% Renewals Years 11+ (non-vested))
3 Mark Level: 115% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: TRENDSETTER SUPER 10 75% 70% 65% 60% 55%
50%
45%
(2% Renewals Years 2-10) (2% Renewals Years 11+ (non-vested))
3 Mark Level: 110% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
TRANSAMERICA LIFE Commission Schedules
Product: TRENDSETTER EXPRESS 20, 25, 30 100% 95% 90% 85% 80% 75%
70%
65%
60%
(2.75% Renewals Years 2-10) (0% Renewals Years 11+)
3 Mark Level: 135% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: TRENDSETTER EXPRESS 15 90% 85% 80% 75% 70%
65%
60%
55% (2.75% Renewals Years 2-10) (0% Renewals Years 11+)
3 Mark Level: 123% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: TRENDSETTER EXPRESS 10 85% 80% 75% 70% 65%
60%
55%
(2.75% Renewals Years 2-10) (0% Renewals Years 11+)
3 Mark Level: 117% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: TRENDSETTER LB 20, 25, 30 85% 80% 75% 70% 65%
60%
55%
50%
45%
(2.75% Renewals Years 2-10) (0% Renewals Years 11+)
3 Mark Level: 120% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: TRENDSETTER LB 15 85% 80% 75% 70%
65%
60%
55%
50% (2.75% Renewals Years 2-10) (0% Renewals Years 11+)
3 Mark Level: 120% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: TRENDSETTER LB 10 80% 75% 70% 65%
60%
55%
50%
(2.75% Renewals Years 2-10) (0% Renewals Years 11+)
3 Mark Level: 115% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
TRANSAMERICA LIFE Commission Schedules
Product: TRENDSETTER SUPER YRT and FINAL EXPENSE 70% 65% 60% 55% 50% 45%
(2% Renewals Years 2-10) (2% Renewals Years 11+ (non-vested))
3 Mark Level: 105% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: IMMEDIATE SOLUTION WL 85% 80% 75% 70% 65%
60% (5% Renewals Years 2-5) (4% Renewals Years 6-10) (2% Renewals Years 11+ (non-vested))
3 Mark Level: 120% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: 10 PAY SOLUTION WL 85% 80% 75% 70%
65%
60%
55%
50%
45%
(1% Renewals Years 2-10) (0% Renewals Years 11+)
3 Mark Level: 120% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Product: EASY SOLUTION WL 85% 80% 75% 70% 65% 60% 55% 50% 45% (5% Renewals Years 2-10) (2% Renewals Years 11+ (non-vested)) 3 Mark Level: 120% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ HEAPED TERM PAYOUT FOR TRENDSETTER SUPER PRODUCTS IS 10% HIGHER FIRST YEAR, WITH NO RENEWAL FOR AGENTS HEAPED TERM PAYOUT FOR TRENDSETTER EXPRESS & TRENDSETTER LB PRODUCTS IS 10% HIGHER FIRST YEAR, WITH 2% RENEWALS FOR YEARS 2-10 * - For issue ages 70 and above, the Renewal Commission Rate is 1% (Years 2-5) for products in this category.
03/31/2016
TRANSAMERICA LIFE INSURANCE COMPANY GENERAL AGENT LIFE COMMISSION RATE SCHEDULE 2016 PRODUCTION YEAR
This Transamerica Life Insurance Company General Agent (GA) Life Commission Rate Schedule (CRS) applies to those representing Transamerica Life Insurance Company (TLIC) as a GA, operating under the TLIC marketing and distribution unit known as Transamerica Brokerage (previously known as Transamerica Insurance and Investment Group or TIIG). As used throughout this GA Life Commission Rate Schedule (Schedule), the terms, “the Company,” “we,” us,” “Transamerica,” and “TLIC” shall mean and refer to Transamerica Life Insurance Company. This Life Commission Rate Schedule provides information on the following subjects • • • •
• • •
Section I - GA Life Premium Production Bonus (GALPPB) Section II - GA Life Renewal Bonus Section III - GA Life Premium Growth Bonus Section IV - GA Life Commission Rate Schedule • First-Year Compensation • Compensation on Premium in Excess of Target Premium • Renewal Compensation Rates & Duration Periods • GALPPB Bonus-Eligible Life Policies • GA Life Renewal Bonus-Eligible Life Policies • GA Life Premium Growth Bonus-Eligible Life Policies Section V - GA Life Policy Servicing Fee Section VI – Special Marketing Programs • Coverage Continuation – TransTermSM 10, 15, 20, 25 & 30 Policies Section VII - Summary General Commissions, Modifications and Provisions
NOTICE - REGARDING A GENERAL AGENT OPERATING IN CONNECTION WITH AN INDEPENDENT MARKETING ORGANIZATION, NATIONAL MARKETING ORGANIZATION OR PRODUCER GROUP Information set forth in Section I of this Schedule regarding the GALPPB is applicable to the GA. However, the Bonus Rate set forth in Section I may be modified or suspended by the Company for any GA operating under, or in connection with an agreement, partnership or membership agreement or a sales and marketing arrangement between an Independent Marketing Organization (IMO), National Marketing Organization (NMO) or other such agency/producer group or network and the Company. In the event a participating GA in such Company-recognized organizations or networks becomes a non-participating GA or transitions or transfers from one such Company-recognized organization or network to another Company-recognized organization or network, determination of the eligibility for the GALPPB shall be made by the Company to coincide with any such change in status for that GA. Additionally, the disposition of the GALPPB, including the Bonus Rate, if any, on inforce life insurance policies for the GA on which a status change has been transacted, shall be determined by the Company at the time of the GA status change. The information set forth in Section II of this Schedule regarding the GA Life Renewal Bonus and the information in Section III regarding the GA Life Premium Growth Bonus are not applicable to any GA or other entity such as an IMO, NMO or other agency/producer group or network operating under a separate sales, marketing or distribution agreement with the Company, or under a specialized commission and compensation schedule or agreement with the Company. This includes, but is not limited to, the GA operating under, or in connection with, an agreement, partnership or membership agreement or a sales and marketing arrangement involving an IMO, NMO or other agency/producer group or network and the Company.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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Information set forth in Section IV of this Schedule with respect to specific product commission schedules is applicable to the GA. Specifically, however, certain information set forth in Section IV such as the rate of overwriting commission and other compensation may be modified or suspended by the Company for the GA operating under, or in connection with an agreement, partnership or membership agreement or a sales and marketing arrangement between an IMO, NMO or other such agency/producer group or network and the Company. In the event a participating GA in Company-recognized organization or network becomes a non-participating GA or transitions or transfers from one such Company-recognized organization or network to another Company-recognized organization or network, determination of the eligibility for commission and other compensation set forth in Schedule IV shall be made by the Company to coincide with a change in status for that GA. Additionally, the disposition of any such commission and other compensation, including the rate of commission and other compensation, if any, on inforce life insurance policies for the GA on which a status change has been transacted, shall be determined by the Company at the time of the GA status change. I.
GA LIFE PREMIUM PRODUCTION BONUS
GA Life Premium Production Bonus (GALPPB): • • • •
•
The GALPPB is based on eligible first-year paid life premium (to target premium on universal life [UL] policies) credited to the account of the GA during the applicable TLIC production year. The GALPPB bonus schedule set forth below is an annual bonus schedule based on the Company’s production year. GALPPB rates are expressed as a percentage of premiums paid to the Company. The GALPPB is retroactive to the first-dollar of bonusable premium for the applicable production year as defined by the Company. Determination of the GALPPB is based on cumulative eligible first-year life premium credited to the account of the GA during the applicable TLIC production year as defined by the Company less the sum of GALPPB previously paid or credited during the applicable TLIC production year. First-Year Bonusable Life Premium $0 $250,000.00 $1,000,000.00 $2,500,000.00 $5,000,000.00
-
$249,999.99 $999,999.99 $2,499,999.99 $4,999,999.99 +
Bonus Rate 0.00% 20.00% 22.50% 25.00% 30.00%
GALPPB Bonus-Eligible Life Policies: Refer to the schedules set forth in Section IV of this Schedule for bonus-eligible life policies for the GALPPB. Transamerica Financial Life Insurance Company (TFLIC): For calculation of the GALPPB, TFLIC first-year life insurance premiums reported for eligible TFLIC life policies (excludes TransSecure® II NY) for the GA will be combined with the GA’s TLIC GALPPB bonuseligible life premium for the purpose of determining the applicable Bonus Rate for the GALPPB. Once the applicable life bonus percentage rate is determined, the resulting Bonus Rate will then be applied to TLIC GALPPB premium for determining the GA’s TLIC GALPPB. Under this provision, however, there is no production bonus payable on TFLIC life insurance premium. The Company reserves the right to include or exclude premiums, bonuses, commissions and other compensation payable for any insurance policy or contract under any statutory company for purposes of this bonus. TransSecure® II GA Compensation: TransSecure II policies are excluded for all purposes of computing the GALPPB. However, a 20% GA first-year overwriting commission is payable to the GA on eligible first-year premiums up to the policy’s target premium. This 20.00% GA first-year overwriting commission is in addition to the share, if any, retained by the GA as first-year overwriting compensation from the policy maximum first-year commission rate of 90%. TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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TransProtector® Compensation: TransProtector policies are excluded for all purposes of computing the GALPPB. Compensation information for TransProtector® is currently set forth in Agency Managers’ Bulletin (AMB) No. 3872, dated April 6, 2011, and available for review by the GA on TransACT®. Prior compensation information about TransProtector policies issued from applications dated prior to May 6, 2011 (and received by TLIC prior to May 21, 2011) is set forth in AMB No. 3711 and is also available for review by the GA on TransACT®. TransProtector policies issued from applications dated on or after May 6, 2011 are not included in any form of bonus or production compensation for the GA. Freedom Index Universal Life IISM and Global IUL IISM: Freedom Index Universal Life IISM and Global IUL IISM policies are excluded for all purposes of computing the GALPPB. However, a 30% GA first-year overwriting commission is payable to the GA on eligible first-year premiums up to the policy’s target premium. Additionally, there is a 14.5% GA Renewal Overwriting commission to target premium in policy years 2 & 3. This 30% GA first-year overwriting commission is in addition to the share, if any, retained by the GA as first-year overwriting compensation from the policy maximum first-year commission rate of 90%. TLIC reserves the right to adjust or modify commission and other compensation for policies (or multiple policies on the same insured) of $10 million face amount or greater. Variable Universal Life Products: Since variable universal life products are registered securities products and commissions are paid to registered Broker/Dealers, these products are not included in the production totals that are used to calculate bonuses or contest payouts. Termination of TLIC GA Contract: Except in certain situations as provided in the GA contract, termination of the GA contract shall not affect the terminated GA’s right to receive GALPPB compensation that the terminated GA would have been entitled to receive if the GA contract had not been terminated. In the event the terminated GA received advanced GALPPB compensation, the amount of any unearned GALPPB compensation shall be paid to the Company by the terminated GA upon demand. In the case of any provision requiring a refund of GALPPB compensation, the Company may, at its option, debit the GA account for the amount of the refund without demand or notice, or may demand the refund, or both, but debiting the GA account in such manner will not relieve the GA of the obligation to make the refund. The Bonus Rate set forth in this Section I may be modified or suspended for the GA operating under, or in connection with, an agreement, partnership or membership agreement or a sales and marketing arrangement between an IMO, NMO or other such agency/producer group or network and the Company. II. GA LIFE RENEWAL BONUS GA Life Renewal Bonus: The GA Life Renewal Bonus is based on eligible paid first-year life premiums credited to the account of the qualifying and eligible GA during the applicable production year. Eligibility for this Bonus is subject to achieving the minimum requirement of $12,500,000 of eligible GALPPB premium credited to the GA’s account during the production year. This bonus is paid during the 2nd to 5th renewal years on the qualifying year’s block of eligible life policies. Following are certain provisions for this bonus. Minimum Required Annual (Production Year) First-Year Paid Life Premium 0 $12,500,000.00 $15,000,000.00
to to +
$12,499,999.99 $14,999,999.99
Renewal Bonus Rate 0% 0.5% (one-half of one percent) 1%
Example: For the GA credited with $12,500,000 in GALPPB eligible paid premium during the applicable production year, the GA will be credited with a bonus of 0.5% (one-half of one percent) during policy renewal years 2-5 on compensable paid renewal premium for each life policy credited towards meeting the qualifying requirement. If, however, the GA is credited with $15,000,000 or more in GALPPB eligible premium during the production year, the bonus rate is 1% (instead of 0.5% or one-half of TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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one percent) during policy renewal years 2-5 on the compensable paid renewal premium for each life policy credited toward meeting the qualifying requirement. Each year will stand on its own for determination and calculation of this life renewal bonus. For example, it is possible for a GA to qualify for this life renewal bonus on 2008 first-year GALPPB eligible premium (payable on 2008’s eligible life policies compensable paid renewal life premium in renewal years 2-5), and not qualify for the bonus on 2010 first-year premium (payable on 2010 eligible life policies compensable paid renewal premium in renewal years 2-5), if the total first-year eligible premium for 2010 is less than $12,500,000. Once the GA has qualified for this bonus on a specific production year’s block of eligible life policies, this life renewal bonus will continue through renewal years 2-5 as compensable life renewal premiums are paid to the Company on a policy-by-policy basis, provided the GA Contract remains in full force and effect with the Company. GA Life Renewal Bonus-Eligible Life Policies: Refer to the schedules set forth in Section IV of this Schedule for bonus-eligible life policies for the GA Life Renewal Bonus. TFLIC life premium is excluded for all purposes of this bonus. The information set forth in this Section II regarding the GA Life Renewal Bonus is not available or applicable to the GA or other entity such as an IMO, NMO or other agency/producer group or network operating under a separate sales, marketing or distribution agreement with the Company, or under a specialized commission and compensation schedule with the Company. This includes, but is not limited to, the GA operating under, or in connection with, an agreement, partnership or membership agreement or a sales and marketing arrangement involving an IMO, NMO or other agency/producer group or network and the Company. III. GA LIFE PREMIUM GROWTH BONUS The GA Life Premium Growth Bonus is based on total current year-end GALPPB premium, compared to total GALPPB premium reported for the prior production year-end. Premium paid up to target premium during the first twenty-four (24) policy months on TransACE® 2014, TransACE® CV (2013), TransNavigatorSM IUL policies is eligible premium for purposes of the GA Life Renewal Bonus. Eligibility for and details regarding this bonus are set forth below. GA Life Premium Growth Bonus Schedule An increase from 15% to 19.99% in the GA’s GALPPB premium during the current year, compared to the prior year-end GALPPB premium for the GA, results in a GA Life Premium Growth Bonus of 0.25% (one quarter of one percent) on the current year’s GALPPB year-end total premium. An increase equal to or greater than 20% in the GA’s GALPPB paid premium during the current year, compared to the prior yearend GALPPB premium, results in a GA Life Premium Growth Bonus of 0.50% (one-half of one percent) on the current year’s GALPPB year-end total premium. In order to qualify for this bonus during the current year, the qualifying GA must have reported a minimum of $250,000 in GALPPB paid premium during the prior production year. Additionally, the GA must also report a production increase in the current year GALPPB premium of at least 15% compared to the prior year). The GA is ineligible to qualify for this bonus for the current year if such GA’s prior year production was less than $250,000 in GALPPB paid premium. The GA contract must be in full force and effect when this bonus is paid.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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This bonus, when earned by the GA, is payable on an annual basis only. Premium used in the qualification for, and calculation of this bonus, is GALPPB premium. GA Life Premium Growth Bonus-Eligible Life Policies: Refer to the schedules set forth in Section IV of this Schedule for bonuseligible life policies for the GA Life Premium Growth Bonus. TFLIC life premium is excluded for all purposes of this bonus. Eligibility for this bonus for the current production year (2016, for example) requires the qualifying and eligible GA to be contracted as a GA with TLIC during the full prior production year (2015 in this example) for purposes of establishing a base production year on which to determine a rate of production growth. The information set forth in this Section III is not applicable to the GA or other entity such as an IMO, NMO or other agency/producer group or network operating under a separate sales, marketing or distribution agreement with the Company, or under a specialized commission and compensation schedule with the Company. This includes, but is not limited to, the GA operating under, or in connection with, an agreement, partnership or membership agreement or a sales and marketing arrangement involving an IMO, NMO or other agency/producer group or network and the Company.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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IV. TLIC LIFE COMMISSION RATE SCHEDULES -----------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
TransACE® CV (2013) Available Issue Ages Through 69 STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------•
• • • • • • • • • • • • • •
Rolling Target Premium Period:
First 24 policy months
Producer First-Year Commission Rate to Target (First 24 Policy Months): Producer Renewal Commission Rate Policy Years 2-5: Producer Renewal Commission Rate Policy Years 6+: Producer Commission Rate Premium Excess of Target Through Policy Year 5: Producer Commission Rate Premium Excess of Target Policy Years 6+ GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate to Target (First 24 Policy Months): GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+:
50% to 90% (in 5% increments) 2% 0% 2% 0% Yes Yes Yes 90% less rate paid to producer 2.5% 0% 2.5% 0% Yes
GA Overwriting Commission Rate Premium Excess of Target Through Policy Year 10:
GA Overwriting Commission Rate Premium Excess of Target Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
TransACE® CV (2013) Available Issue Ages Through 69 OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------•
• • • • • • • • • • • • • • • •
Rolling Target Premium Period:
First 24 policy months
Producer First-Year Commission Rate to Target (First 24 Policy Months): Producer Renewal Commission Rate Policy Years 2-5: Producer Renewal Commission Rate Policy Years 6+: Producer Commission Rate Premium in Excess of Target Through Policy Year 5: Producer Commission Rate Premium in Excess of Target Policy Years 6+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate to Target (First 24 Policy Months): GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA Overwriting Commission Rate Premium Excess of Target Through Policy Year 5: GA Overwriting Commission Rate Premium Excess of Target Policy Years 6-10: GA Overwriting Commission Rate Premium Excess of Target Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 90% (in 5% increments) 3% 0% 3% 0% Yes Yes Yes 90% less rate paid to producer 1.5% 2.5% 0% 1.5% 2.5% 0% Yes
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
TransACE® CV (2013) Available Issue Ages 70 & Above STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------•
• • • • • • • • • • • • • •
Rolling Target Premium Period:
First 24 policy months
Producer First-Year Commission Rate to Target (First 24 Policy Months): Producer Renewal Commission Rate Policy Years 2-5: Producer Renewal Commission Rate Policy Years 6+: Producer Commission Rate Premium Excess of Target Through Policy Year 5: Producer Commission Rate Premium Excess of Target Policy Years 6+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate to Target (First 24 Policy Months): GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6+: GA Overwriting Commission Rate Premium Excess of Target Through Policy Year 5: GA Overwriting Commission Rate Premium Excess of Target Policy Years 6+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 90% (in 5% increments) 2% 0% 2% 0% Yes Yes Yes 90% less rate paid to producer 2.5% 0% 2.5% 0% Yes
------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
TransACE® CV (2013) Available Issue Ages 70 & Above OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------•
• • • • • • • • • • • • • •
Rolling Target Premium Period:
First 24 policy months
Producer First-Year Commission Rate to Target (First 24 Policy Months): Producer Renewal Commission Rate Policy Years 2-5: Producer Renewal Commission Rate Policy Years 6+: Producer Commission Rate Premium Excess of Target Through Policy Year 5: Producer Commission Rate Premium Excess of Target Policy Years 6+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate to Target (First 24 Policy Months): GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6+: GA Overwriting Commission Rate Premium Excess of Target Through Policy Year 5: GA Overwriting Commission Rate Premium Excess of Target Policy Years 6+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 90% (in 5% increments) 3% 0% 3% 0% Yes Yes Yes 90% less rate paid to producer 1.5% 0% 1.5% 0% Yes
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
TransNavigatorSM IUL Available Issue Ages 0-85 (0-75 in FL) STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • • • • • • • • •
Producer First-Year Commission Rate to Target Premium (First 24 Policy Months): Producer Commission Rate Premium in Excess of Target Premium for policy year 1: Producer Commission Rate Premium in Excess of Target Premium for policy year 2-5: Producer Commission Rate Premium in Excess of Target Premium for policy years 6+: Producer Renewal Commission Rate for policy years 2-5: Producer Renewal Commission Rate for policy years 6+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate to Target Premium: GA Overwriting Commission Rate Premium in Excess of Target Premium for policy year 1: GA Overwriting Commission Rate Premium in Excess of Target Premium for policy years 2-5: GA Overwriting Commission Rate Premium in Excess of Target Premium for policy years 6-10: GA Overwriting Commission Rate Premium in Excess of Target Premium for policy years 11+: GA Renewal Overwriting Commission Rate for policy years 2-10: GA Renewal Overwriting Commission Rate for policy years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 90% (in 5% increments) 2% 1% 0% 2% 0% Yes Yes Yes 90% (less rate paid to producer) 2.50% .50% 1.50% 0% 2.50% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
TransNavigatorSM IUL Available Issue Ages 0-85 (0-75 in FL) OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • • • • • • • • • •
Producer First-Year Commission Rate to Target Premium (First 24 Policy Months): Producer Commission Rate Premium in Excess of Target Premium for policy year 1: Producer Commission Rate Premium in Excess of Target Premium for policy years 2-5: Producer Commission Rate Premium in Excess of Target Premium for policy years 6+: Producer Renewal Commission Rate Policy Years 2-5: Producer Renewal Commission Rate Policy Years 6+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate to Target Premium: GA Overwriting Commission Rate Premium in Excess of Target Premium for policy year 1: GA Overwriting Commission Rate Premium in Excess of Target Premium for policy years 2-5: GA Overwriting Commission Rate Premium in Excess of Target Premium for policy years 6-10: GA Overwriting Commission Rate Premium in Excess of Target Premium for policy years 11+: GA Renewal Overwriting Commission Rate for policy years 2-5: GA Renewal Overwriting Commission Rate for policy years 6-10: GA Renewal Overwriting Commission Rate for policy years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 90% (in 5% increments) 3% 1% 0% 3% 0% Yes Yes Yes 90% (less rate paid to producer) 1.50% .50% 1.50% 0% 1.50% 2.50% 0% No
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 20, Trendsetter Super 25, Trendsetter Super 30, Guaranteed Whole Life (GWL) Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 100% (in 5% increments) 0% Yes Yes Yes 100% less rate paid to producer 2.5% 0% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 15 Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 95% (in 5% increments) 0% Yes Yes Yes 95% less rate paid to producer 2.5% 0% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 10 Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 90% (in 5% increments) 0% Yes Yes Yes 90% less rate paid to producer 2.5% 0% Yes
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TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 20, Trendsetter Super 25, Trendsetter Super 30, Guaranteed Whole Life (GWL) Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+ (non-vested): GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 90% (in 5% increments) 2% 2% Yes Yes Yes 90% less rate paid to producer 2.5% 0% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 15 Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+ (non-vested): GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 85% (in 5% increments) 2% 2% Yes Yes Yes 85% less rate paid to producer 2.5% 0% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 10 Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+ (non-vested): GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 80% (in 5% increments) 2% 2% Yes Yes Yes 80% less rate paid to producer 2.5% 0% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 20, Trendsetter Super 25, Trendsetter Super 30, Guaranteed Whole Life (GWL) Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6-15: GA Renewal Overwriting Commission Rate Policy Years 16+ (non-vested): GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 90% (in 5% increments) 0% Yes Yes Yes 90% less rate paid to producer 4% 2% 2% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 15 Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6-15: GA Renewal Overwriting Commission Rate Policy Years 16+ (non-vested): GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 85% (in 5% increments) 0% Yes Yes Yes 85% less rate paid to producer 4% 2% 2% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 10 Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6-15: GA Renewal Overwriting Commission Rate Policy Years 16+ (non-vested): GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 80% (in 5% increments) 0% Yes Yes Yes 80% less rate paid to producer 4% 2% 2% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter® Super YRT, Final Expense Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-15: GA Renewal Overwriting Commission Rate Policy Years 16+ (non-vested): GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 85% (in 5% increments) 0% Yes Yes Yes 85% less rate paid to producer 2.5% 2.5% Yes
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter® Super YRT, Final Expense Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+ (non-vested): GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-15: GA Renewal Overwriting Commission Rate Policy Years 16+ (non-vested): GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 75% (in 5% increments) 2% 2% Yes Yes Yes 75% less rate paid to producer 2.5% 2.5% Yes
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter® Super YRT, Final Expense Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-15: GA Renewal Overwriting Commission Rate Policy Years 16+ (non-vested): GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 75% (in 5% increments) 0% Yes Yes Yes 75% less rate paid to producer 4% 4% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter® Super YRT UU Class Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------Heaped Rate Commission Designation Not Available
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter® Super YRT UU Class: Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+ (non-vested): GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-15: GA Renewal Overwriting Commission Rate Policy Years 16+ (non-vested): GA $3 Life Policy Servicing Fee Eligible Policy:
19% 2% 2% No No No 6% 2.5% 2.5% Yes
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter® Super YRT UU Class Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------Optional Rate Commission Designation Not Available
------------------------------------------------------------------------------------------------------------------------------------------------------------
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
13 of 25
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 20, Trendsetter Express 25, Trendsetter Express 30 Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
60% to 115% (in 5% increments) 2% 0% Yes Yes Yes 115% less rate paid to producer 3% 0% No
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 15 Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
55% to 103% (55% to 100% in 5% increments, and 103%) 2% 0% Yes Yes Yes 103% less rate paid to producer 3% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 10 Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
55% to 97% (55 to 95% in 5% increments, and 97%) 2% 0% Yes Yes Yes 97% less rate paid to producer 3% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------NOTE: Trendsetter Express products will continue to be available for sale in Massachusetts ONLY until further notice.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 20, Trendsetter Express 25, Trendsetter Express 30 Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10 GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
60% to 105% (in 5% increments) 2.75% 0% Yes Yes Yes 105% less rate paid to producer 4% 0% No
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 15 Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
55% to 93% (55% to 90% in 5% increments, and 93%) 2.75% 0% Yes Yes Yes 93% less rate paid to producer 4% 0% No
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 10 Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
55% to 87% (55 to 85% in 5% increments, and 87%) 2.75% 0% Yes Yes Yes 87% less rate paid to producer 4% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------NOTE: Trendsetter Express products will continue to be available for sale in Massachusetts ONLY until further notice.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 20, Trendsetter Express 25, Trendsetter Express 30 Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate All Policy Years: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
60% to 105% (in 5% increments) 0% Yes Yes Yes 105% less rate paid to producer 6.75% 0% No
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 15 Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate All Policy Years: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10 GA Renewal Overwriting Commission Rate Policy Years 11+:: GA $3 Life Policy Servicing Fee Eligible Policy:
55% to 93% (55% to 90% in 5% increments, and 93%) 0% Yes Yes Yes 93% less rate paid to producer 6.75% 0% No
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 10 Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate All Policy Years: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10 GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
55% to 87% (55% to 85% in 5% increments, and 87%) 0% Yes Yes Yes 87% less rate paid to producer 6.75% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------NOTE: Trendsetter Express products will continue to be available for sale in Massachusetts ONLY until further notice.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 20, Trendsetter LB 25, Trendsetter LB 30 Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 100% (in 5% increments) 2% 0% Yes Yes Yes 5% 100% less rate paid to producer 5% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 15 Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 100% (in 5% increments) 2% 0% Yes Yes Yes 5% 100% less rate paid to producer 5% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 10 Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 95% (in 5% increments) 2% 0% Yes Yes Yes 5% 95% less rate paid to producer 5% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------NOTE: Trendsetter LB products are currently NOT available for sale in Massachusetts.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 20, Trendsetter LB 25, Trendsetter LB 30 Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10 GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 90% (in 5% increments) 2.75% 0% Yes Yes Yes 5% 90% less rate paid to producer 6% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 15 Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 90% (in 5% increments) 2.75% 0% Yes Yes Yes 5% 90% less rate paid to producer 6% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 10 Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 85% (in 5% increments) 2.75% 0% Yes Yes Yes 5% 85% less rate paid to producer 6% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------NOTE: Trendsetter LB products are currently NOT available for sale in Massachusetts.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 20, Trendsetter LB 25, Trendsetter LB 30 Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate All Policy Years: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 90% (in 5% increments) 0% Yes Yes Yes 5% 90% less rate paid to producer 8.75% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 15 Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate All Policy Years: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10 GA Renewal Overwriting Commission Rate Policy Years 11+:: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 90% (in 5% increments) 0% Yes Yes Yes 5% 90% less rate paid to producer 8.75% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 10 Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate All Policy Years: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10 GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 85% (in 5% increments) 0% Yes Yes Yes 5% 85% less rate paid to producer 8.75% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------NOTE: Trendsetter LB products are currently NOT available for sale in Massachusetts.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Immediate Solution Available Issue Ages Standard Rate Commission Designation (only Standard Designation is Available)
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Writing Producer Maximum First-Year Commission: Writing Producer Renewal Commission Policy Years 2-5 Writing Producer Renewal Commission Policy Years 6-10 Writing Producer Renewal Commission Policy Years 11+ (non-vested) GA Life Premium Production Bonus Eligible Policy GA First-Year Overwriting Commission GA Renewal Overwriting Commission Policy Years 2-5 GA Renewal Overwriting Commission Policy Years 6-10 GA Renewal Overwriting Commission Policy Years 11+ GA $3 Life Policy Servicing Fee Eligible Policy
90% (5% increments 60% to 90%) 5% 4% 2% Yes 90% (less rate paid to producer) 5% 4% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
10 Pay Solution Available Issue Ages Standard Rate Commission Designation (only Standard Designation is Available)
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Writing Producer Maximum First-Year Commission: Writing Producer Renewal Commission Policy Years 2-10 Writing Producer Renewal Commission Policy Years 11+ GA Life Premium Production Bonus Eligible Policy GA First-Year Overwriting Commission GA Renewal Overwriting Commission Policy Years 2-10 GA Renewal Overwriting Commission Policy Years 11+ GA Life Premium Production Bonus Eligible Policy GA $3 Life Policy Servicing Fee Eligible Policy
90% (5% increments 45% to 90%) 1% 0% Yes 90% (less rate paid to producer) 1% 0% Yes No
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Easy Solution Available Issue Ages Standard Rate Commission Designation (only Standard Designation is Available)
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Writing Producer Maximum First-Year Commission: Writing Producer Renewal Commission Policy Years 2-10 Writing Producer Renewal Commission Policy Years 11+ (non-vested) GA Life Premium Production Bonus Eligible Policy GA First-Year Overwriting Commission GA Renewal Overwriting Commission Policy Years 2-10 GA Renewal Overwriting Commission Policy Years 11+ (non-vested) GA Life Premium Production Bonus Eligible Policy GA $3 Life Policy Servicing Fee Eligible Policy
90% (5% increments 45% to 90%) 5% 2% Yes 90% (less rate paid to producer) 5% 1.5% Yes No
---------------------------------------------------------------------------------------------------------------------------------------------------------------
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
20 of 25
Life Commission Rate Schedule - General Commission Schedule Information The GA first-year overwriting commission rates set forth in this Schedule applies to eligible individual UL policies, traditional life policies and term insurance policies. There may be certain additional policies applicable to this section, which may be in effect, but not listed in the schedule. The Company shall have the right to change the rate of commission on life insurance policies; however, any such changes will not affect commission on life insurance policies placed prior to the effective date of the change. Any change in commission will be applicable to insurance applications received by the Company with an application signed date that is on or after the effective date of any such change. The Company reserves the right to change the availability of certain policies for sale, including the addition of new life insurance policies, and the withdrawal of existing life insurance policies from sale, without advance notice to the GA. The rate of first-year commission, commission on premium in excess of target premium, and renewal life commission, if any, designated by the GA for each producer (as defined below) in the compensation hierarchy of the GA will be determined by the Company in accordance with documentation submitted or processed to the Company, from time to time, in writing or other means, by the GA, or in accordance with the effective date of commission rate changes processed by the GA via TransACT®. As noted in this Schedule, various commission and compensation options (Heaped – Standard – Option) may be available to the GA that will determine for each policy sold, within prescribed guidelines, the rate of commission and other compensation, or the availability of commission and other compensation payable to the GA, producer and sales director in the GA compensation hierarchy. At the option of the GA, the rate of first-year and renewal commission, if any, for a producer, as previously designated by the GA and on file with the Company, may be modified for a specific policy on the basis of a single case compensation override notice furnished in advance to the Company by the GA. It is the responsibility of the GA to communicate to each producer assigned to the agency, the rate of first-year and renewal commission. The first-year life overwriting commission applicable to the GA, if any, is based on the first-year eligible life premiums credited to the accounts of the producers assigned to the GA for the specific policy. The GA rate is the gross rate of first-year life commission, less the rate of first-year life commission credited to the accounts of the producers and Sales Directors assigned to the GA for the specific policy, in accordance with the Company’s standard practice. Producer Renewal Commissions and GA Renewal Overwriting Commissions: Where commission and other compensation is identified as non-vested, the payment of such non-vested commission and other compensation is only payable in instances where the GA or producer contract, under which a life policy was originally placed, remains in full force and effect at the time the premium is paid during the specified non-vested period. In the case of any life policy for which renewal commissions are provided for any year after the tenth policy year, such renewal commission will be payable on the compensable renewal premiums received by TLIC only during the continuance of the producer contract in full force and effect (also applicable to personal production of the GA). In the case of any policy for which renewal overwriting commissions are provided for any year after the fifteenth policy year, such renewal overwriting commissions will be payable on the compensable renewal premiums received by TLIC only during the continuance of the GA contract in full force and effect. Agent & Non-Individual Agent Contracts: The total available first-year life policy commission available for an Agent for policies set forth in the schedules, as well as new policies which may be made available for sale, will be reduced by 5% for each eligible policy placed by the Agent or Non-Individual Agent contracted with the Company under an Agent Contract or Non-Individual Agent Contract, or by the designated principal(s) of a corporation or firm contracted with the Company under a Non-Individual Agent’s Contract. The 5% reduction in first-year life policy commission is applicable to this Schedule where labeled as “First-Year Maximum IPC Policy Commission.” For life policy commission information on certain policies not listed in this Schedule: TransValue, TransAdvantage, TransIndex UL, TransProtector UL, TransSecure®, TransSecure® II, TransACE® 2014, TransACE® 2013, TransACE Survivor® 2013, TransACE® EX, TransACE® LP, TransACE® SP, TransACE® Select SP, TransACE® CV (2008), TransUltra® SP 2006, TransUltra Select SMSP 2006, TransUltra® Plus 2006, Freedom Index Universal Life IISM, Freedom Global IUL II SM, the GA may refer to previous editions of the GA Life Commission Rate Schedules available on TransACT or from the GA’s Account Manager. TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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V. GA LIFE POLICY SERVICING FEE The Company will credit the GA Life Policy Servicing Fee of $3.00 annually to the commission account of the GA for each eligible inforce TLIC life insurance policy assigned to the GA for servicing purposes by the Company, provided all of the following are satisfied: • • • •
The eligible TLIC life policy is in force on a premium-paying basis on the day the payment of the fee is calculated by the Company. The GA is designated in the Company records as the servicing agency for the policy on the day the payment of the fee is calculated by the Company. A second or subsequent policy year for the specific life policy is completed during the accounting period involved. The GA Contract is in full force and effect, and the GA Life Policy Servicing Fee compensation program remains in effect. If the GA contract terminates, or the GA Life Policy Servicing Fee compensation program is terminated by the Company, no further GA Life Policy Servicing Fee will be payable.
General GA Life Policy Servicing Fee Information Credit to the commission account of the GA for the GA Life Policy Servicing Fee will be made for an eligible TLIC life policy after the policy has completed each of the second and subsequent policy years, as applicable, on an in-force basis. The amount, if any, credited to the commission account of the GA will be credited as earned, based on qualifying life policies as provided above. Whether the conditions referred to above have been satisfied, and when and if a TLIC life policy completed any particular year on an in-force basis, will be determined solely according to the records of the Company, and such records will be conclusive. The GA Life Policy Servicing Fee does not apply to any annuity policy, individual or group pension policy or contract, single premium life or annuity policy, variable UL policy, or on any individual life insurance policy which is determined as ineligible for this fee. The following products are excluded for all purposes of the GA Life Policy Servicing Fee: • • • •
Individual term life insurance policies issued and placed in force during 1996 and 1997 Freedom Index Universal Life IISM, Global IUL IISM, and TransNavigatorSM IUL policies Trendsetter Express, all durations Trendsetter LB, all durations VI. SPECIAL MARKETING PROGRAMS
COVERAGE CONTINUATION PROGRAM – TRANSTERM 10, 15, 20, 25 & 30: Under the coverage continuation program on TransTerm policies, the GA and producer transacting the coverage continuation will have an opportunity to earn first-year type commission and other first-year type compensation on the increase in premium over the initial level premium target for the TransTerm policy when the policy’s guaranteed coverage is extended beyond the initial level premium period. The policy owner must increase premium payments to a level premium amount sufficient for continued guaranteed coverage to the insured’s age 90. The maximum on which first-year type commission and other first-year type compensation is payable is the difference between the initial target premium for the policy and the level premium to continue coverage to the insured’s age 90 at the time coverage continuation is requested. The GA and producer eligible for commission and other compensation for transacting the coverage continuation may be the original writing GA, the original writing producer, or at the time the coverage continuation is transacted, the newly designated servicing GA or the newly designated servicing producer.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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In instances where new premiums are paid into a TransTerm life policy as a result of a coverage continuation transacted by a GA or producer other than the original writing GA or original writing producer, any such commission and other compensation payable to the GA or producer transacting the coverage continuation (the new designated servicing GA and the newly designated servicing producer for the policy) will be limited to first-year type commission and other first-year type compensation and will exclude any commission or other compensation on premium in excess of the first-year type premium or on any renewal premium. In instances where new premiums are paid into a TransTerm life policy as a result of a coverage continuation transaction, commission and other compensation payable on such premium in excess of the first-year type premium shall be payable only to the original writing GA and original writing producer if the coverage continuation is transacted during a commission or other compensation vesting period in effect for the policy. Commission and other compensation payable under the coverage continuation program to any GA or producer qualifying for such compensation shall be at the rate of commission and other compensation in effect for the GA and producer at the time the coverage continuation is transacted. The completed coverage continuation transaction on a TransTerm life policy does not modify nor change the compensation vesting period, if any, for the original writing GA and original writing producer as set forth in the applicable commission rate schedule when the policy was originally placed. Other Special Marketing Programs may be introduced by the Company from time to time. VII. SUMMARY - GENERAL COMMISSIONS, MODIFICATIONS AND PROVISIONS Commission and other compensation rates set forth in this Schedule are expressed as a percentage of premiums paid to the Company. Where renewal commission and excess of target premium commission and other compensation rates are shown, such commissions and other compensation are expressed as a percentage of premium paid to the Company during a given policy year as shown on the Schedule. The life commission and other compensation rates and provisions set forth herein are subject to information included in this Schedule and in other notices and bulletins issued by the Company from time to time. In this Schedule the term “producer” means an Independent Producer / IPC / Agent / Non-Individual Agent / Sales Director / National Account Producer / Institutional Account Producer / Broker / Select Broker / GA when personally producing. References to a payable or credited bonus, or commission, or other compensation and fees are applicable to policies properly coded by TLIC to the account of the GA for such compensation purposes. Not all policies are authorized for issuance in all jurisdictions. Whether a paid policy premium is a first-year premium, first-year premium to target, a premium paid within the specified first-year rolling target premium period, a premium in excess of target premium, or a renewal premium will be determined by factors such as target premium for the policy, rolling target premium period for the policy for commission and other compensation rate purposes, and the date on which a premium payment is received by TLIC. The date on which a paid policy premium is received by TLIC may impact the payment of commission and other compensation and the rate of any such commission and other compensation. Additional information regarding compensation is set forth in the Compensation section of each TLIC Universal Life Product Guide. Contact your account manager if additional information is required. Rolling Target Premium TransACE® CV (2013) and TransNavigatorSM IUL policies have a rolling target premium feature which provides for first-year commission and other first-year compensation on premium paid up to target premium during the first twenty-four (24) policy months. TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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Institutional Accounts / National Accounts: Life insurance policies placed under the provisions of a sales agreement between TLIC and a National or Institutional Account (Account) approved by TLIC may provide for modified commission and other compensation as compared to the commission and compensation provisions set forth in this Schedule. In such instances, the GA approved by TLIC to accept applications from any such Account shall be compensated on eligible policies transacted through and coded for compensation purposes to the GA in accordance with the compensation schedule in effect between TLIC and the named Account. Variable Universal Life Products: Since variable universal life products are registered securities products and commissions are paid to registered Broker/Dealers (“B/D”), commission and compensation provisions are set forth in the B/D compensation schedule and are not set forth herein. Registered Representatives and wholesaling agents should contact their B/D to compensation information. Full Policy Surrender Penalty Waiver Endorsement (Honeymoon Endorsement or Provision) – Universal Life Policies: For the universal life and index universal life policies, as applicable, listed below that are issued with an endorsement which waives surrender charges, sometimes referred to as the “honeymoon” endorsement or provision, TLIC will require that the writing producer and GA agree to compensation arrangements whereby commission and other compensation, if any, paid on first-year premium is paid on a deferred schedule, and/or whereby the GA and producer agree to certain requirements to repay commission and other compensation in the event of certain policy terminations, cancellation, lapses or surrenders or some combination of such requirements during the first five policy years, as follows: Universal Life • Policy Year in Which Policy Terminates: • Percentage of Commission and Other Compensation Agreement to Repay: • Eligible Policies: TransACE® 2014, TransACE® 2013, TransACE Survivor® 2013, TransACE® CV (2013) TransACE® CV (2008), TransUltra SP, TransUltra Plus 2006
1 100%
Index Universal Life • Policy Year in Which Policy Terminates: 1 • Percentage of Commission and Other Compensation Agreement to Repay: 100% • Eligible Policies: Freedom Index Universal Life II, Freedom Global IUL II
2
3
4
5
6+
80%
60%
40%
20%
0%
2
3
4
5
6+
90%
80%
70%
60%
0%
TransProtector® Policies with Return of Premium at Surrender Rider: For TransProtector® life policies issued with a ROP rider (including the Minimum Cash Surrender Value Rider in Utah) which provides that the amount available at surrender will never be less than the premium paid for the policy, less any policy debt, less any prior partial withdrawals (not including any surrender charges), and less any amounts paid under an acceleration of death benefits rider, the Company will require the GA and producer agree to certain requirements to repay commissions and other compensation in the event of policy surrenders during the first four policy years, as follows: • Policy Year in Which Policy Terminates: 1 2 3 4 5 • Percentage of Commission and Other Compensation Agreement to Repay: 100% 75% 50% 25% 0% TransNavigatorSM IUL: For this product, TLIC reserves the right to adjust or modify commission and other compensation for policies (or multiple policies on the same insured) of $10 million face amount or greater. Temporary Extras & Temporary Flat Extras: Commission and other compensation is not payable on premiums charged for temporary extras or temporary flat extras, which are defined as temporary extra premiums charged for five or fewer years on term and traditional policies and for eight or fewer years on UL policies. For TransTerm policies, commission and other compensation is not payable on premiums charged for temporary extras or temporary flat extras, which are defined as temporary extra premiums charged for five or fewer years. For TransSecure® II policies, commission and other compensation is not payable on premiums TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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charged for temporary extras or temporary flat extras, which are defined as temporary extra premiums charged for six or fewer years. Permanent Extras & Permanent Flat Extras: Commission and other compensation may be payable on premiums charged for permanent extras or permanent flat extras on policies, which are defined as permanent extra premiums charged for six or more years on term and traditional policies and for nine or more policy years on UL policies. For TransTerm policies, commission and other compensation may be payable on premiums charged for permanent extras or permanent flat extras on policies, which are defined as permanent extra premiums charged for six or more years. For TransSecure® II policies, commission and other compensation may be payable on premiums charged for permanent extras or permanent flat extras on policies, which are defined as permanent extra premiums charged for seven or more years. Six-Month Rule - Life Policy Replacement: First-year commission and other compensation is not payable on a new life policy on the same life if the new life policy has an application date within six months before or after the date of lapse or surrender of a then or formerly existing life policy issued by TLIC or an insurer which is an affiliate of TLIC unless by Company rule, the payment of firstyear commission and other compensation is specifically authorized. Production Year: References to “production year” is made in this Schedule and in other announcements, bulletins, notices and communications issued by the Company from time to time. Such references to production year are generally intended to specify a period of time commencing from the last closing or cut-off date of the prior production year up to and including the final closing or cut-off date of the current production year. For example, dates for the Company’s 2015 “production year” for purposes of administering the GALPPB as set forth in this Schedule include eligible transactions from December 20, 2014 through December 18, 2015. Policy Rewrites: On non-contractual policy rewrites (for example, term to term or UL to UL), first-year commission and other firstyear compensation may be payable only on the increased amount of the new policy’s first-year commissionable premium on term and traditional policies, or on the increase in target premium on UL to UL rewrites First-year commission and other compensation, when payable, is payable only on new premiums paid into a policy on the difference between the target for the new policy minus the target on the old policy after new premiums have met the target of the original policy. No commission or compensation is payable on rollover funds from one policy to another policy. Therefore, new premiums paid in the first policy year of the new policy up to the amount of the original target will receive renewal compensation and then any additional premium paid in the first year of the new policy may be eligible for first-year compensation up to the maximum limit. The maximum limit on the amount of first-year premium that can be compensated at first-year rates is the amount that the new policy target exceeds the target of the original policy. There will be no first-year compensation payable in the following situations: • • •
No out-of-pocket premium is paid in the first year (i.e., only rollover money is received in the first policy year). The target of the new policy is less than or equal to the target of the old policy. Out-of-pocket first-year premiums paid on the new policy do not exceed the target of the original policy.
For term policies, except Trendsetter Super YRT, full first-year commission and other compensation is payable for those transactions on which the original term policy has been in a premium-paying in-force status for a minimum of nine full policy years. In the instance where the original term policy is a Trendsetter YRT, full first-year commission is payable on rewrite transactions where the original Trendsetter YRT policy has been in a premium-paying in-force status for a minimum of six full policy years. Policy Fees - First-year commission rates for the currently available term insurance policies, Guaranteed Whole Life, and Final Expense policies are expressed as a percent of first-year paid premium which includes the policy fee. For additional information regarding commissions other compensation set forth in this CRS, please contact your Account Manager or the Internal Sales Desk.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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80%
75%
70%
65%
60%
55%
50%
(2% Renewal Years 2-5) (0% Renewals Years 6+)
3 Mark Level: 120% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Product: TransNavigator IUL 85% 80% 75% 70%
65%
60%
55%
50%
(2% Renewals Years 2-5) (0% Renewals Years 6+)
3 Mark Level: 120% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: Guaranteed Whole Life (GWL),TRENDSETTER SUPER 20, 25, 30 85% 80% 75% 70% 65% 60% 55% 50% 45% (2% Renewals Years 2-10) (2% Renewals Years 11+ (non-vested))
3 Mark Level: 120% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: TRENDSETTER SUPER 15 80% 75% 70% 65% 60%
55%
50%
45% (2% Renewals Years 2-10) (2% Renewals Years 11+ (non-vested))
3 Mark Level: 115% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: TRENDSETTER SUPER 10 75% 70% 65% 60% 55%
50%
45%
(2% Renewals Years 2-10) (2% Renewals Years 11+ (non-vested))
3 Mark Level: 110% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
TRANSAMERICA LIFE Commission Schedules
Product: TRENDSETTER EXPRESS 20, 25, 30 100% 95% 90% 85% 80% 75%
70%
65%
60%
(2.75% Renewals Years 2-10) (0% Renewals Years 11+)
3 Mark Level: 135% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: TRENDSETTER EXPRESS 15 90% 85% 80% 75% 70%
65%
60%
55% (2.75% Renewals Years 2-10) (0% Renewals Years 11+)
3 Mark Level: 123% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: TRENDSETTER EXPRESS 10 85% 80% 75% 70% 65%
60%
55%
(2.75% Renewals Years 2-10) (0% Renewals Years 11+)
3 Mark Level: 117% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: TRENDSETTER LB 20, 25, 30 85% 80% 75% 70% 65%
60%
55%
50%
45%
(2.75% Renewals Years 2-10) (0% Renewals Years 11+)
3 Mark Level: 120% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: TRENDSETTER LB 15 85% 80% 75% 70%
65%
60%
55%
50% (2.75% Renewals Years 2-10) (0% Renewals Years 11+)
3 Mark Level: 120% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: TRENDSETTER LB 10 80% 75% 70% 65%
60%
55%
50%
(2.75% Renewals Years 2-10) (0% Renewals Years 11+)
3 Mark Level: 115% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
TRANSAMERICA LIFE Commission Schedules
Product: TRENDSETTER SUPER YRT and FINAL EXPENSE 70% 65% 60% 55% 50% 45%
(2% Renewals Years 2-10) (2% Renewals Years 11+ (non-vested))
3 Mark Level: 105% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: IMMEDIATE SOLUTION WL 85% 80% 75% 70% 65%
60% (5% Renewals Years 2-5) (4% Renewals Years 6-10) (2% Renewals Years 11+ (non-vested))
3 Mark Level: 120% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Product: 10 PAY SOLUTION WL 85% 80% 75% 70%
65%
60%
55%
50%
45%
(1% Renewals Years 2-10) (0% Renewals Years 11+)
3 Mark Level: 120% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Product: EASY SOLUTION WL 85% 80% 75% 70% 65% 60% 55% 50% 45% (5% Renewals Years 2-10) (2% Renewals Years 11+ (non-vested)) 3 Mark Level: 120% ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ HEAPED TERM PAYOUT FOR TRENDSETTER SUPER PRODUCTS IS 10% HIGHER FIRST YEAR, WITH NO RENEWAL FOR AGENTS HEAPED TERM PAYOUT FOR TRENDSETTER EXPRESS & TRENDSETTER LB PRODUCTS IS 10% HIGHER FIRST YEAR, WITH 2% RENEWALS FOR YEARS 2-10 * - For issue ages 70 and above, the Renewal Commission Rate is 1% (Years 2-5) for products in this category.
03/31/2016
TRANSAMERICA LIFE INSURANCE COMPANY GENERAL AGENT LIFE COMMISSION RATE SCHEDULE 2016 PRODUCTION YEAR
This Transamerica Life Insurance Company General Agent (GA) Life Commission Rate Schedule (CRS) applies to those representing Transamerica Life Insurance Company (TLIC) as a GA, operating under the TLIC marketing and distribution unit known as Transamerica Brokerage (previously known as Transamerica Insurance and Investment Group or TIIG). As used throughout this GA Life Commission Rate Schedule (Schedule), the terms, “the Company,” “we,” us,” “Transamerica,” and “TLIC” shall mean and refer to Transamerica Life Insurance Company. This Life Commission Rate Schedule provides information on the following subjects • • • •
• • •
Section I - GA Life Premium Production Bonus (GALPPB) Section II - GA Life Renewal Bonus Section III - GA Life Premium Growth Bonus Section IV - GA Life Commission Rate Schedule • First-Year Compensation • Compensation on Premium in Excess of Target Premium • Renewal Compensation Rates & Duration Periods • GALPPB Bonus-Eligible Life Policies • GA Life Renewal Bonus-Eligible Life Policies • GA Life Premium Growth Bonus-Eligible Life Policies Section V - GA Life Policy Servicing Fee Section VI – Special Marketing Programs • Coverage Continuation – TransTermSM 10, 15, 20, 25 & 30 Policies Section VII - Summary General Commissions, Modifications and Provisions
NOTICE - REGARDING A GENERAL AGENT OPERATING IN CONNECTION WITH AN INDEPENDENT MARKETING ORGANIZATION, NATIONAL MARKETING ORGANIZATION OR PRODUCER GROUP Information set forth in Section I of this Schedule regarding the GALPPB is applicable to the GA. However, the Bonus Rate set forth in Section I may be modified or suspended by the Company for any GA operating under, or in connection with an agreement, partnership or membership agreement or a sales and marketing arrangement between an Independent Marketing Organization (IMO), National Marketing Organization (NMO) or other such agency/producer group or network and the Company. In the event a participating GA in such Company-recognized organizations or networks becomes a non-participating GA or transitions or transfers from one such Company-recognized organization or network to another Company-recognized organization or network, determination of the eligibility for the GALPPB shall be made by the Company to coincide with any such change in status for that GA. Additionally, the disposition of the GALPPB, including the Bonus Rate, if any, on inforce life insurance policies for the GA on which a status change has been transacted, shall be determined by the Company at the time of the GA status change. The information set forth in Section II of this Schedule regarding the GA Life Renewal Bonus and the information in Section III regarding the GA Life Premium Growth Bonus are not applicable to any GA or other entity such as an IMO, NMO or other agency/producer group or network operating under a separate sales, marketing or distribution agreement with the Company, or under a specialized commission and compensation schedule or agreement with the Company. This includes, but is not limited to, the GA operating under, or in connection with, an agreement, partnership or membership agreement or a sales and marketing arrangement involving an IMO, NMO or other agency/producer group or network and the Company.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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Information set forth in Section IV of this Schedule with respect to specific product commission schedules is applicable to the GA. Specifically, however, certain information set forth in Section IV such as the rate of overwriting commission and other compensation may be modified or suspended by the Company for the GA operating under, or in connection with an agreement, partnership or membership agreement or a sales and marketing arrangement between an IMO, NMO or other such agency/producer group or network and the Company. In the event a participating GA in Company-recognized organization or network becomes a non-participating GA or transitions or transfers from one such Company-recognized organization or network to another Company-recognized organization or network, determination of the eligibility for commission and other compensation set forth in Schedule IV shall be made by the Company to coincide with a change in status for that GA. Additionally, the disposition of any such commission and other compensation, including the rate of commission and other compensation, if any, on inforce life insurance policies for the GA on which a status change has been transacted, shall be determined by the Company at the time of the GA status change. I.
GA LIFE PREMIUM PRODUCTION BONUS
GA Life Premium Production Bonus (GALPPB): • • • •
•
The GALPPB is based on eligible first-year paid life premium (to target premium on universal life [UL] policies) credited to the account of the GA during the applicable TLIC production year. The GALPPB bonus schedule set forth below is an annual bonus schedule based on the Company’s production year. GALPPB rates are expressed as a percentage of premiums paid to the Company. The GALPPB is retroactive to the first-dollar of bonusable premium for the applicable production year as defined by the Company. Determination of the GALPPB is based on cumulative eligible first-year life premium credited to the account of the GA during the applicable TLIC production year as defined by the Company less the sum of GALPPB previously paid or credited during the applicable TLIC production year. First-Year Bonusable Life Premium $0 $250,000.00 $1,000,000.00 $2,500,000.00 $5,000,000.00
-
$249,999.99 $999,999.99 $2,499,999.99 $4,999,999.99 +
Bonus Rate 0.00% 20.00% 22.50% 25.00% 30.00%
GALPPB Bonus-Eligible Life Policies: Refer to the schedules set forth in Section IV of this Schedule for bonus-eligible life policies for the GALPPB. Transamerica Financial Life Insurance Company (TFLIC): For calculation of the GALPPB, TFLIC first-year life insurance premiums reported for eligible TFLIC life policies (excludes TransSecure® II NY) for the GA will be combined with the GA’s TLIC GALPPB bonuseligible life premium for the purpose of determining the applicable Bonus Rate for the GALPPB. Once the applicable life bonus percentage rate is determined, the resulting Bonus Rate will then be applied to TLIC GALPPB premium for determining the GA’s TLIC GALPPB. Under this provision, however, there is no production bonus payable on TFLIC life insurance premium. The Company reserves the right to include or exclude premiums, bonuses, commissions and other compensation payable for any insurance policy or contract under any statutory company for purposes of this bonus. TransSecure® II GA Compensation: TransSecure II policies are excluded for all purposes of computing the GALPPB. However, a 20% GA first-year overwriting commission is payable to the GA on eligible first-year premiums up to the policy’s target premium. This 20.00% GA first-year overwriting commission is in addition to the share, if any, retained by the GA as first-year overwriting compensation from the policy maximum first-year commission rate of 90%. TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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TransProtector® Compensation: TransProtector policies are excluded for all purposes of computing the GALPPB. Compensation information for TransProtector® is currently set forth in Agency Managers’ Bulletin (AMB) No. 3872, dated April 6, 2011, and available for review by the GA on TransACT®. Prior compensation information about TransProtector policies issued from applications dated prior to May 6, 2011 (and received by TLIC prior to May 21, 2011) is set forth in AMB No. 3711 and is also available for review by the GA on TransACT®. TransProtector policies issued from applications dated on or after May 6, 2011 are not included in any form of bonus or production compensation for the GA. Freedom Index Universal Life IISM and Global IUL IISM: Freedom Index Universal Life IISM and Global IUL IISM policies are excluded for all purposes of computing the GALPPB. However, a 30% GA first-year overwriting commission is payable to the GA on eligible first-year premiums up to the policy’s target premium. Additionally, there is a 14.5% GA Renewal Overwriting commission to target premium in policy years 2 & 3. This 30% GA first-year overwriting commission is in addition to the share, if any, retained by the GA as first-year overwriting compensation from the policy maximum first-year commission rate of 90%. TLIC reserves the right to adjust or modify commission and other compensation for policies (or multiple policies on the same insured) of $10 million face amount or greater. Variable Universal Life Products: Since variable universal life products are registered securities products and commissions are paid to registered Broker/Dealers, these products are not included in the production totals that are used to calculate bonuses or contest payouts. Termination of TLIC GA Contract: Except in certain situations as provided in the GA contract, termination of the GA contract shall not affect the terminated GA’s right to receive GALPPB compensation that the terminated GA would have been entitled to receive if the GA contract had not been terminated. In the event the terminated GA received advanced GALPPB compensation, the amount of any unearned GALPPB compensation shall be paid to the Company by the terminated GA upon demand. In the case of any provision requiring a refund of GALPPB compensation, the Company may, at its option, debit the GA account for the amount of the refund without demand or notice, or may demand the refund, or both, but debiting the GA account in such manner will not relieve the GA of the obligation to make the refund. The Bonus Rate set forth in this Section I may be modified or suspended for the GA operating under, or in connection with, an agreement, partnership or membership agreement or a sales and marketing arrangement between an IMO, NMO or other such agency/producer group or network and the Company. II. GA LIFE RENEWAL BONUS GA Life Renewal Bonus: The GA Life Renewal Bonus is based on eligible paid first-year life premiums credited to the account of the qualifying and eligible GA during the applicable production year. Eligibility for this Bonus is subject to achieving the minimum requirement of $12,500,000 of eligible GALPPB premium credited to the GA’s account during the production year. This bonus is paid during the 2nd to 5th renewal years on the qualifying year’s block of eligible life policies. Following are certain provisions for this bonus. Minimum Required Annual (Production Year) First-Year Paid Life Premium 0 $12,500,000.00 $15,000,000.00
to to +
$12,499,999.99 $14,999,999.99
Renewal Bonus Rate 0% 0.5% (one-half of one percent) 1%
Example: For the GA credited with $12,500,000 in GALPPB eligible paid premium during the applicable production year, the GA will be credited with a bonus of 0.5% (one-half of one percent) during policy renewal years 2-5 on compensable paid renewal premium for each life policy credited towards meeting the qualifying requirement. If, however, the GA is credited with $15,000,000 or more in GALPPB eligible premium during the production year, the bonus rate is 1% (instead of 0.5% or one-half of TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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one percent) during policy renewal years 2-5 on the compensable paid renewal premium for each life policy credited toward meeting the qualifying requirement. Each year will stand on its own for determination and calculation of this life renewal bonus. For example, it is possible for a GA to qualify for this life renewal bonus on 2008 first-year GALPPB eligible premium (payable on 2008’s eligible life policies compensable paid renewal life premium in renewal years 2-5), and not qualify for the bonus on 2010 first-year premium (payable on 2010 eligible life policies compensable paid renewal premium in renewal years 2-5), if the total first-year eligible premium for 2010 is less than $12,500,000. Once the GA has qualified for this bonus on a specific production year’s block of eligible life policies, this life renewal bonus will continue through renewal years 2-5 as compensable life renewal premiums are paid to the Company on a policy-by-policy basis, provided the GA Contract remains in full force and effect with the Company. GA Life Renewal Bonus-Eligible Life Policies: Refer to the schedules set forth in Section IV of this Schedule for bonus-eligible life policies for the GA Life Renewal Bonus. TFLIC life premium is excluded for all purposes of this bonus. The information set forth in this Section II regarding the GA Life Renewal Bonus is not available or applicable to the GA or other entity such as an IMO, NMO or other agency/producer group or network operating under a separate sales, marketing or distribution agreement with the Company, or under a specialized commission and compensation schedule with the Company. This includes, but is not limited to, the GA operating under, or in connection with, an agreement, partnership or membership agreement or a sales and marketing arrangement involving an IMO, NMO or other agency/producer group or network and the Company. III. GA LIFE PREMIUM GROWTH BONUS The GA Life Premium Growth Bonus is based on total current year-end GALPPB premium, compared to total GALPPB premium reported for the prior production year-end. Premium paid up to target premium during the first twenty-four (24) policy months on TransACE® 2014, TransACE® CV (2013), TransNavigatorSM IUL policies is eligible premium for purposes of the GA Life Renewal Bonus. Eligibility for and details regarding this bonus are set forth below. GA Life Premium Growth Bonus Schedule An increase from 15% to 19.99% in the GA’s GALPPB premium during the current year, compared to the prior year-end GALPPB premium for the GA, results in a GA Life Premium Growth Bonus of 0.25% (one quarter of one percent) on the current year’s GALPPB year-end total premium. An increase equal to or greater than 20% in the GA’s GALPPB paid premium during the current year, compared to the prior yearend GALPPB premium, results in a GA Life Premium Growth Bonus of 0.50% (one-half of one percent) on the current year’s GALPPB year-end total premium. In order to qualify for this bonus during the current year, the qualifying GA must have reported a minimum of $250,000 in GALPPB paid premium during the prior production year. Additionally, the GA must also report a production increase in the current year GALPPB premium of at least 15% compared to the prior year). The GA is ineligible to qualify for this bonus for the current year if such GA’s prior year production was less than $250,000 in GALPPB paid premium. The GA contract must be in full force and effect when this bonus is paid.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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This bonus, when earned by the GA, is payable on an annual basis only. Premium used in the qualification for, and calculation of this bonus, is GALPPB premium. GA Life Premium Growth Bonus-Eligible Life Policies: Refer to the schedules set forth in Section IV of this Schedule for bonuseligible life policies for the GA Life Premium Growth Bonus. TFLIC life premium is excluded for all purposes of this bonus. Eligibility for this bonus for the current production year (2016, for example) requires the qualifying and eligible GA to be contracted as a GA with TLIC during the full prior production year (2015 in this example) for purposes of establishing a base production year on which to determine a rate of production growth. The information set forth in this Section III is not applicable to the GA or other entity such as an IMO, NMO or other agency/producer group or network operating under a separate sales, marketing or distribution agreement with the Company, or under a specialized commission and compensation schedule with the Company. This includes, but is not limited to, the GA operating under, or in connection with, an agreement, partnership or membership agreement or a sales and marketing arrangement involving an IMO, NMO or other agency/producer group or network and the Company.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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IV. TLIC LIFE COMMISSION RATE SCHEDULES -----------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
TransACE® CV (2013) Available Issue Ages Through 69 STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------•
• • • • • • • • • • • • • •
Rolling Target Premium Period:
First 24 policy months
Producer First-Year Commission Rate to Target (First 24 Policy Months): Producer Renewal Commission Rate Policy Years 2-5: Producer Renewal Commission Rate Policy Years 6+: Producer Commission Rate Premium Excess of Target Through Policy Year 5: Producer Commission Rate Premium Excess of Target Policy Years 6+ GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate to Target (First 24 Policy Months): GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+:
50% to 90% (in 5% increments) 2% 0% 2% 0% Yes Yes Yes 90% less rate paid to producer 2.5% 0% 2.5% 0% Yes
GA Overwriting Commission Rate Premium Excess of Target Through Policy Year 10:
GA Overwriting Commission Rate Premium Excess of Target Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
TransACE® CV (2013) Available Issue Ages Through 69 OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------•
• • • • • • • • • • • • • • • •
Rolling Target Premium Period:
First 24 policy months
Producer First-Year Commission Rate to Target (First 24 Policy Months): Producer Renewal Commission Rate Policy Years 2-5: Producer Renewal Commission Rate Policy Years 6+: Producer Commission Rate Premium in Excess of Target Through Policy Year 5: Producer Commission Rate Premium in Excess of Target Policy Years 6+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate to Target (First 24 Policy Months): GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA Overwriting Commission Rate Premium Excess of Target Through Policy Year 5: GA Overwriting Commission Rate Premium Excess of Target Policy Years 6-10: GA Overwriting Commission Rate Premium Excess of Target Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 90% (in 5% increments) 3% 0% 3% 0% Yes Yes Yes 90% less rate paid to producer 1.5% 2.5% 0% 1.5% 2.5% 0% Yes
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
TransACE® CV (2013) Available Issue Ages 70 & Above STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------•
• • • • • • • • • • • • • •
Rolling Target Premium Period:
First 24 policy months
Producer First-Year Commission Rate to Target (First 24 Policy Months): Producer Renewal Commission Rate Policy Years 2-5: Producer Renewal Commission Rate Policy Years 6+: Producer Commission Rate Premium Excess of Target Through Policy Year 5: Producer Commission Rate Premium Excess of Target Policy Years 6+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate to Target (First 24 Policy Months): GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6+: GA Overwriting Commission Rate Premium Excess of Target Through Policy Year 5: GA Overwriting Commission Rate Premium Excess of Target Policy Years 6+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 90% (in 5% increments) 2% 0% 2% 0% Yes Yes Yes 90% less rate paid to producer 2.5% 0% 2.5% 0% Yes
------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
TransACE® CV (2013) Available Issue Ages 70 & Above OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------•
• • • • • • • • • • • • • •
Rolling Target Premium Period:
First 24 policy months
Producer First-Year Commission Rate to Target (First 24 Policy Months): Producer Renewal Commission Rate Policy Years 2-5: Producer Renewal Commission Rate Policy Years 6+: Producer Commission Rate Premium Excess of Target Through Policy Year 5: Producer Commission Rate Premium Excess of Target Policy Years 6+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate to Target (First 24 Policy Months): GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6+: GA Overwriting Commission Rate Premium Excess of Target Through Policy Year 5: GA Overwriting Commission Rate Premium Excess of Target Policy Years 6+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 90% (in 5% increments) 3% 0% 3% 0% Yes Yes Yes 90% less rate paid to producer 1.5% 0% 1.5% 0% Yes
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
TransNavigatorSM IUL Available Issue Ages 0-85 (0-75 in FL) STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • • • • • • • • •
Producer First-Year Commission Rate to Target Premium (First 24 Policy Months): Producer Commission Rate Premium in Excess of Target Premium for policy year 1: Producer Commission Rate Premium in Excess of Target Premium for policy year 2-5: Producer Commission Rate Premium in Excess of Target Premium for policy years 6+: Producer Renewal Commission Rate for policy years 2-5: Producer Renewal Commission Rate for policy years 6+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate to Target Premium: GA Overwriting Commission Rate Premium in Excess of Target Premium for policy year 1: GA Overwriting Commission Rate Premium in Excess of Target Premium for policy years 2-5: GA Overwriting Commission Rate Premium in Excess of Target Premium for policy years 6-10: GA Overwriting Commission Rate Premium in Excess of Target Premium for policy years 11+: GA Renewal Overwriting Commission Rate for policy years 2-10: GA Renewal Overwriting Commission Rate for policy years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 90% (in 5% increments) 2% 1% 0% 2% 0% Yes Yes Yes 90% (less rate paid to producer) 2.50% .50% 1.50% 0% 2.50% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
TransNavigatorSM IUL Available Issue Ages 0-85 (0-75 in FL) OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • • • • • • • • • •
Producer First-Year Commission Rate to Target Premium (First 24 Policy Months): Producer Commission Rate Premium in Excess of Target Premium for policy year 1: Producer Commission Rate Premium in Excess of Target Premium for policy years 2-5: Producer Commission Rate Premium in Excess of Target Premium for policy years 6+: Producer Renewal Commission Rate Policy Years 2-5: Producer Renewal Commission Rate Policy Years 6+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate to Target Premium: GA Overwriting Commission Rate Premium in Excess of Target Premium for policy year 1: GA Overwriting Commission Rate Premium in Excess of Target Premium for policy years 2-5: GA Overwriting Commission Rate Premium in Excess of Target Premium for policy years 6-10: GA Overwriting Commission Rate Premium in Excess of Target Premium for policy years 11+: GA Renewal Overwriting Commission Rate for policy years 2-5: GA Renewal Overwriting Commission Rate for policy years 6-10: GA Renewal Overwriting Commission Rate for policy years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 90% (in 5% increments) 3% 1% 0% 3% 0% Yes Yes Yes 90% (less rate paid to producer) 1.50% .50% 1.50% 0% 1.50% 2.50% 0% No
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 20, Trendsetter Super 25, Trendsetter Super 30, Guaranteed Whole Life (GWL) Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 100% (in 5% increments) 0% Yes Yes Yes 100% less rate paid to producer 2.5% 0% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 15 Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 95% (in 5% increments) 0% Yes Yes Yes 95% less rate paid to producer 2.5% 0% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 10 Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 90% (in 5% increments) 0% Yes Yes Yes 90% less rate paid to producer 2.5% 0% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 20, Trendsetter Super 25, Trendsetter Super 30, Guaranteed Whole Life (GWL) Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+ (non-vested): GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 90% (in 5% increments) 2% 2% Yes Yes Yes 90% less rate paid to producer 2.5% 0% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 15 Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+ (non-vested): GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 85% (in 5% increments) 2% 2% Yes Yes Yes 85% less rate paid to producer 2.5% 0% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 10 Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+ (non-vested): GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 80% (in 5% increments) 2% 2% Yes Yes Yes 80% less rate paid to producer 2.5% 0% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 20, Trendsetter Super 25, Trendsetter Super 30, Guaranteed Whole Life (GWL) Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6-15: GA Renewal Overwriting Commission Rate Policy Years 16+ (non-vested): GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 90% (in 5% increments) 0% Yes Yes Yes 90% less rate paid to producer 4% 2% 2% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 15 Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6-15: GA Renewal Overwriting Commission Rate Policy Years 16+ (non-vested): GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 85% (in 5% increments) 0% Yes Yes Yes 85% less rate paid to producer 4% 2% 2% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Super 10 Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-5: GA Renewal Overwriting Commission Rate Policy Years 6-15: GA Renewal Overwriting Commission Rate Policy Years 16+ (non-vested): GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 80% (in 5% increments) 0% Yes Yes Yes 80% less rate paid to producer 4% 2% 2% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter® Super YRT, Final Expense Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-15: GA Renewal Overwriting Commission Rate Policy Years 16+ (non-vested): GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 85% (in 5% increments) 0% Yes Yes Yes 85% less rate paid to producer 2.5% 2.5% Yes
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter® Super YRT, Final Expense Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+ (non-vested): GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-15: GA Renewal Overwriting Commission Rate Policy Years 16+ (non-vested): GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 75% (in 5% increments) 2% 2% Yes Yes Yes 75% less rate paid to producer 2.5% 2.5% Yes
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter® Super YRT, Final Expense Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-15: GA Renewal Overwriting Commission Rate Policy Years 16+ (non-vested): GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 75% (in 5% increments) 0% Yes Yes Yes 75% less rate paid to producer 4% 4% Yes
------------------------------------------------------------------------------------------------------------------------------------------------------------
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter® Super YRT UU Class Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------Heaped Rate Commission Designation Not Available
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter® Super YRT UU Class: Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+ (non-vested): GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-15: GA Renewal Overwriting Commission Rate Policy Years 16+ (non-vested): GA $3 Life Policy Servicing Fee Eligible Policy:
19% 2% 2% No No No 6% 2.5% 2.5% Yes
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter® Super YRT UU Class Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------Optional Rate Commission Designation Not Available
------------------------------------------------------------------------------------------------------------------------------------------------------------
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 20, Trendsetter Express 25, Trendsetter Express 30 Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
60% to 115% (in 5% increments) 2% 0% Yes Yes Yes 115% less rate paid to producer 3% 0% No
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 15 Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
55% to 103% (55% to 100% in 5% increments, and 103%) 2% 0% Yes Yes Yes 103% less rate paid to producer 3% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 10 Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
55% to 97% (55 to 95% in 5% increments, and 97%) 2% 0% Yes Yes Yes 97% less rate paid to producer 3% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------NOTE: Trendsetter Express products will continue to be available for sale in Massachusetts ONLY until further notice.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 20, Trendsetter Express 25, Trendsetter Express 30 Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10 GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
60% to 105% (in 5% increments) 2.75% 0% Yes Yes Yes 105% less rate paid to producer 4% 0% No
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 15 Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
55% to 93% (55% to 90% in 5% increments, and 93%) 2.75% 0% Yes Yes Yes 93% less rate paid to producer 4% 0% No
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 10 Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
55% to 87% (55 to 85% in 5% increments, and 87%) 2.75% 0% Yes Yes Yes 87% less rate paid to producer 4% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------NOTE: Trendsetter Express products will continue to be available for sale in Massachusetts ONLY until further notice.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 20, Trendsetter Express 25, Trendsetter Express 30 Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate All Policy Years: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
60% to 105% (in 5% increments) 0% Yes Yes Yes 105% less rate paid to producer 6.75% 0% No
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 15 Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate All Policy Years: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10 GA Renewal Overwriting Commission Rate Policy Years 11+:: GA $3 Life Policy Servicing Fee Eligible Policy:
55% to 93% (55% to 90% in 5% increments, and 93%) 0% Yes Yes Yes 93% less rate paid to producer 6.75% 0% No
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Trendsetter Express 10 Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate All Policy Years: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10 GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
55% to 87% (55% to 85% in 5% increments, and 87%) 0% Yes Yes Yes 87% less rate paid to producer 6.75% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------NOTE: Trendsetter Express products will continue to be available for sale in Massachusetts ONLY until further notice.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 20, Trendsetter LB 25, Trendsetter LB 30 Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 100% (in 5% increments) 2% 0% Yes Yes Yes 5% 100% less rate paid to producer 5% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 15 Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 100% (in 5% increments) 2% 0% Yes Yes Yes 5% 100% less rate paid to producer 5% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 10 Available Issue Ages HEAPED Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 95% (in 5% increments) 2% 0% Yes Yes Yes 5% 95% less rate paid to producer 5% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------NOTE: Trendsetter LB products are currently NOT available for sale in Massachusetts.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 20, Trendsetter LB 25, Trendsetter LB 30 Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10 GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 90% (in 5% increments) 2.75% 0% Yes Yes Yes 5% 90% less rate paid to producer 6% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 15 Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 90% (in 5% increments) 2.75% 0% Yes Yes Yes 5% 90% less rate paid to producer 6% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 10 Available Issue Ages STANDARD Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate Policy Years 2-10: Producer Renewal Commission Rate Policy Years 11+: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 85% (in 5% increments) 2.75% 0% Yes Yes Yes 5% 85% less rate paid to producer 6% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------NOTE: Trendsetter LB products are currently NOT available for sale in Massachusetts.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 20, Trendsetter LB 25, Trendsetter LB 30 Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate All Policy Years: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10: GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
45% to 90% (in 5% increments) 0% Yes Yes Yes 5% 90% less rate paid to producer 8.75% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 15 Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate All Policy Years: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10 GA Renewal Overwriting Commission Rate Policy Years 11+:: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 90% (in 5% increments) 0% Yes Yes Yes 5% 90% less rate paid to producer 8.75% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
Trendsetter LB 10 Available Issue Ages OPTIONAL Rate Commission Designation
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Producer First-Year Commission Rate: Producer Renewal Commission Rate All Policy Years: GA Life Premium Production Bonus Eligible Policy: GA Life Renewal Bonus Eligible Policy: GA Life Growth Bonus Eligible Policy: GA First-Year Overwriting Commission Rate: Additional GA First-Year Overwriting Commission Rate: GA Renewal Overwriting Commission Rate Policy Years 2-10 GA Renewal Overwriting Commission Rate Policy Years 11+: GA $3 Life Policy Servicing Fee Eligible Policy:
50% to 85% (in 5% increments) 0% Yes Yes Yes 5% 85% less rate paid to producer 8.75% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------NOTE: Trendsetter LB products are currently NOT available for sale in Massachusetts.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Immediate Solution Available Issue Ages Standard Rate Commission Designation (only Standard Designation is Available)
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • • •
Writing Producer Maximum First-Year Commission: Writing Producer Renewal Commission Policy Years 2-5 Writing Producer Renewal Commission Policy Years 6-10 Writing Producer Renewal Commission Policy Years 11+ (non-vested) GA Life Premium Production Bonus Eligible Policy GA First-Year Overwriting Commission GA Renewal Overwriting Commission Policy Years 2-5 GA Renewal Overwriting Commission Policy Years 6-10 GA Renewal Overwriting Commission Policy Years 11+ GA $3 Life Policy Servicing Fee Eligible Policy
90% (5% increments 60% to 90%) 5% 4% 2% Yes 90% (less rate paid to producer) 5% 4% 0% No
-----------------------------------------------------------------------------------------------------------------------------------------------------------Policy Names: Issue Ages: Renewal Designation:
10 Pay Solution Available Issue Ages Standard Rate Commission Designation (only Standard Designation is Available)
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Writing Producer Maximum First-Year Commission: Writing Producer Renewal Commission Policy Years 2-10 Writing Producer Renewal Commission Policy Years 11+ GA Life Premium Production Bonus Eligible Policy GA First-Year Overwriting Commission GA Renewal Overwriting Commission Policy Years 2-10 GA Renewal Overwriting Commission Policy Years 11+ GA Life Premium Production Bonus Eligible Policy GA $3 Life Policy Servicing Fee Eligible Policy
90% (5% increments 45% to 90%) 1% 0% Yes 90% (less rate paid to producer) 1% 0% Yes No
------------------------------------------------------------------------------------------------------------------------------------------------------------
Policy Names: Issue Ages: Renewal Designation:
Easy Solution Available Issue Ages Standard Rate Commission Designation (only Standard Designation is Available)
-----------------------------------------------------------------------------------------------------------------------------------------------------------• • • • • • • • •
Writing Producer Maximum First-Year Commission: Writing Producer Renewal Commission Policy Years 2-10 Writing Producer Renewal Commission Policy Years 11+ (non-vested) GA Life Premium Production Bonus Eligible Policy GA First-Year Overwriting Commission GA Renewal Overwriting Commission Policy Years 2-10 GA Renewal Overwriting Commission Policy Years 11+ (non-vested) GA Life Premium Production Bonus Eligible Policy GA $3 Life Policy Servicing Fee Eligible Policy
90% (5% increments 45% to 90%) 5% 2% Yes 90% (less rate paid to producer) 5% 1.5% Yes No
---------------------------------------------------------------------------------------------------------------------------------------------------------------
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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Life Commission Rate Schedule - General Commission Schedule Information The GA first-year overwriting commission rates set forth in this Schedule applies to eligible individual UL policies, traditional life policies and term insurance policies. There may be certain additional policies applicable to this section, which may be in effect, but not listed in the schedule. The Company shall have the right to change the rate of commission on life insurance policies; however, any such changes will not affect commission on life insurance policies placed prior to the effective date of the change. Any change in commission will be applicable to insurance applications received by the Company with an application signed date that is on or after the effective date of any such change. The Company reserves the right to change the availability of certain policies for sale, including the addition of new life insurance policies, and the withdrawal of existing life insurance policies from sale, without advance notice to the GA. The rate of first-year commission, commission on premium in excess of target premium, and renewal life commission, if any, designated by the GA for each producer (as defined below) in the compensation hierarchy of the GA will be determined by the Company in accordance with documentation submitted or processed to the Company, from time to time, in writing or other means, by the GA, or in accordance with the effective date of commission rate changes processed by the GA via TransACT®. As noted in this Schedule, various commission and compensation options (Heaped – Standard – Option) may be available to the GA that will determine for each policy sold, within prescribed guidelines, the rate of commission and other compensation, or the availability of commission and other compensation payable to the GA, producer and sales director in the GA compensation hierarchy. At the option of the GA, the rate of first-year and renewal commission, if any, for a producer, as previously designated by the GA and on file with the Company, may be modified for a specific policy on the basis of a single case compensation override notice furnished in advance to the Company by the GA. It is the responsibility of the GA to communicate to each producer assigned to the agency, the rate of first-year and renewal commission. The first-year life overwriting commission applicable to the GA, if any, is based on the first-year eligible life premiums credited to the accounts of the producers assigned to the GA for the specific policy. The GA rate is the gross rate of first-year life commission, less the rate of first-year life commission credited to the accounts of the producers and Sales Directors assigned to the GA for the specific policy, in accordance with the Company’s standard practice. Producer Renewal Commissions and GA Renewal Overwriting Commissions: Where commission and other compensation is identified as non-vested, the payment of such non-vested commission and other compensation is only payable in instances where the GA or producer contract, under which a life policy was originally placed, remains in full force and effect at the time the premium is paid during the specified non-vested period. In the case of any life policy for which renewal commissions are provided for any year after the tenth policy year, such renewal commission will be payable on the compensable renewal premiums received by TLIC only during the continuance of the producer contract in full force and effect (also applicable to personal production of the GA). In the case of any policy for which renewal overwriting commissions are provided for any year after the fifteenth policy year, such renewal overwriting commissions will be payable on the compensable renewal premiums received by TLIC only during the continuance of the GA contract in full force and effect. Agent & Non-Individual Agent Contracts: The total available first-year life policy commission available for an Agent for policies set forth in the schedules, as well as new policies which may be made available for sale, will be reduced by 5% for each eligible policy placed by the Agent or Non-Individual Agent contracted with the Company under an Agent Contract or Non-Individual Agent Contract, or by the designated principal(s) of a corporation or firm contracted with the Company under a Non-Individual Agent’s Contract. The 5% reduction in first-year life policy commission is applicable to this Schedule where labeled as “First-Year Maximum IPC Policy Commission.” For life policy commission information on certain policies not listed in this Schedule: TransValue, TransAdvantage, TransIndex UL, TransProtector UL, TransSecure®, TransSecure® II, TransACE® 2014, TransACE® 2013, TransACE Survivor® 2013, TransACE® EX, TransACE® LP, TransACE® SP, TransACE® Select SP, TransACE® CV (2008), TransUltra® SP 2006, TransUltra Select SMSP 2006, TransUltra® Plus 2006, Freedom Index Universal Life IISM, Freedom Global IUL II SM, the GA may refer to previous editions of the GA Life Commission Rate Schedules available on TransACT or from the GA’s Account Manager. TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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V. GA LIFE POLICY SERVICING FEE The Company will credit the GA Life Policy Servicing Fee of $3.00 annually to the commission account of the GA for each eligible inforce TLIC life insurance policy assigned to the GA for servicing purposes by the Company, provided all of the following are satisfied: • • • •
The eligible TLIC life policy is in force on a premium-paying basis on the day the payment of the fee is calculated by the Company. The GA is designated in the Company records as the servicing agency for the policy on the day the payment of the fee is calculated by the Company. A second or subsequent policy year for the specific life policy is completed during the accounting period involved. The GA Contract is in full force and effect, and the GA Life Policy Servicing Fee compensation program remains in effect. If the GA contract terminates, or the GA Life Policy Servicing Fee compensation program is terminated by the Company, no further GA Life Policy Servicing Fee will be payable.
General GA Life Policy Servicing Fee Information Credit to the commission account of the GA for the GA Life Policy Servicing Fee will be made for an eligible TLIC life policy after the policy has completed each of the second and subsequent policy years, as applicable, on an in-force basis. The amount, if any, credited to the commission account of the GA will be credited as earned, based on qualifying life policies as provided above. Whether the conditions referred to above have been satisfied, and when and if a TLIC life policy completed any particular year on an in-force basis, will be determined solely according to the records of the Company, and such records will be conclusive. The GA Life Policy Servicing Fee does not apply to any annuity policy, individual or group pension policy or contract, single premium life or annuity policy, variable UL policy, or on any individual life insurance policy which is determined as ineligible for this fee. The following products are excluded for all purposes of the GA Life Policy Servicing Fee: • • • •
Individual term life insurance policies issued and placed in force during 1996 and 1997 Freedom Index Universal Life IISM, Global IUL IISM, and TransNavigatorSM IUL policies Trendsetter Express, all durations Trendsetter LB, all durations VI. SPECIAL MARKETING PROGRAMS
COVERAGE CONTINUATION PROGRAM – TRANSTERM 10, 15, 20, 25 & 30: Under the coverage continuation program on TransTerm policies, the GA and producer transacting the coverage continuation will have an opportunity to earn first-year type commission and other first-year type compensation on the increase in premium over the initial level premium target for the TransTerm policy when the policy’s guaranteed coverage is extended beyond the initial level premium period. The policy owner must increase premium payments to a level premium amount sufficient for continued guaranteed coverage to the insured’s age 90. The maximum on which first-year type commission and other first-year type compensation is payable is the difference between the initial target premium for the policy and the level premium to continue coverage to the insured’s age 90 at the time coverage continuation is requested. The GA and producer eligible for commission and other compensation for transacting the coverage continuation may be the original writing GA, the original writing producer, or at the time the coverage continuation is transacted, the newly designated servicing GA or the newly designated servicing producer.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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In instances where new premiums are paid into a TransTerm life policy as a result of a coverage continuation transacted by a GA or producer other than the original writing GA or original writing producer, any such commission and other compensation payable to the GA or producer transacting the coverage continuation (the new designated servicing GA and the newly designated servicing producer for the policy) will be limited to first-year type commission and other first-year type compensation and will exclude any commission or other compensation on premium in excess of the first-year type premium or on any renewal premium. In instances where new premiums are paid into a TransTerm life policy as a result of a coverage continuation transaction, commission and other compensation payable on such premium in excess of the first-year type premium shall be payable only to the original writing GA and original writing producer if the coverage continuation is transacted during a commission or other compensation vesting period in effect for the policy. Commission and other compensation payable under the coverage continuation program to any GA or producer qualifying for such compensation shall be at the rate of commission and other compensation in effect for the GA and producer at the time the coverage continuation is transacted. The completed coverage continuation transaction on a TransTerm life policy does not modify nor change the compensation vesting period, if any, for the original writing GA and original writing producer as set forth in the applicable commission rate schedule when the policy was originally placed. Other Special Marketing Programs may be introduced by the Company from time to time. VII. SUMMARY - GENERAL COMMISSIONS, MODIFICATIONS AND PROVISIONS Commission and other compensation rates set forth in this Schedule are expressed as a percentage of premiums paid to the Company. Where renewal commission and excess of target premium commission and other compensation rates are shown, such commissions and other compensation are expressed as a percentage of premium paid to the Company during a given policy year as shown on the Schedule. The life commission and other compensation rates and provisions set forth herein are subject to information included in this Schedule and in other notices and bulletins issued by the Company from time to time. In this Schedule the term “producer” means an Independent Producer / IPC / Agent / Non-Individual Agent / Sales Director / National Account Producer / Institutional Account Producer / Broker / Select Broker / GA when personally producing. References to a payable or credited bonus, or commission, or other compensation and fees are applicable to policies properly coded by TLIC to the account of the GA for such compensation purposes. Not all policies are authorized for issuance in all jurisdictions. Whether a paid policy premium is a first-year premium, first-year premium to target, a premium paid within the specified first-year rolling target premium period, a premium in excess of target premium, or a renewal premium will be determined by factors such as target premium for the policy, rolling target premium period for the policy for commission and other compensation rate purposes, and the date on which a premium payment is received by TLIC. The date on which a paid policy premium is received by TLIC may impact the payment of commission and other compensation and the rate of any such commission and other compensation. Additional information regarding compensation is set forth in the Compensation section of each TLIC Universal Life Product Guide. Contact your account manager if additional information is required. Rolling Target Premium TransACE® CV (2013) and TransNavigatorSM IUL policies have a rolling target premium feature which provides for first-year commission and other first-year compensation on premium paid up to target premium during the first twenty-four (24) policy months. TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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Institutional Accounts / National Accounts: Life insurance policies placed under the provisions of a sales agreement between TLIC and a National or Institutional Account (Account) approved by TLIC may provide for modified commission and other compensation as compared to the commission and compensation provisions set forth in this Schedule. In such instances, the GA approved by TLIC to accept applications from any such Account shall be compensated on eligible policies transacted through and coded for compensation purposes to the GA in accordance with the compensation schedule in effect between TLIC and the named Account. Variable Universal Life Products: Since variable universal life products are registered securities products and commissions are paid to registered Broker/Dealers (“B/D”), commission and compensation provisions are set forth in the B/D compensation schedule and are not set forth herein. Registered Representatives and wholesaling agents should contact their B/D to compensation information. Full Policy Surrender Penalty Waiver Endorsement (Honeymoon Endorsement or Provision) – Universal Life Policies: For the universal life and index universal life policies, as applicable, listed below that are issued with an endorsement which waives surrender charges, sometimes referred to as the “honeymoon” endorsement or provision, TLIC will require that the writing producer and GA agree to compensation arrangements whereby commission and other compensation, if any, paid on first-year premium is paid on a deferred schedule, and/or whereby the GA and producer agree to certain requirements to repay commission and other compensation in the event of certain policy terminations, cancellation, lapses or surrenders or some combination of such requirements during the first five policy years, as follows: Universal Life • Policy Year in Which Policy Terminates: • Percentage of Commission and Other Compensation Agreement to Repay: • Eligible Policies: TransACE® 2014, TransACE® 2013, TransACE Survivor® 2013, TransACE® CV (2013) TransACE® CV (2008), TransUltra SP, TransUltra Plus 2006
1 100%
Index Universal Life • Policy Year in Which Policy Terminates: 1 • Percentage of Commission and Other Compensation Agreement to Repay: 100% • Eligible Policies: Freedom Index Universal Life II, Freedom Global IUL II
2
3
4
5
6+
80%
60%
40%
20%
0%
2
3
4
5
6+
90%
80%
70%
60%
0%
TransProtector® Policies with Return of Premium at Surrender Rider: For TransProtector® life policies issued with a ROP rider (including the Minimum Cash Surrender Value Rider in Utah) which provides that the amount available at surrender will never be less than the premium paid for the policy, less any policy debt, less any prior partial withdrawals (not including any surrender charges), and less any amounts paid under an acceleration of death benefits rider, the Company will require the GA and producer agree to certain requirements to repay commissions and other compensation in the event of policy surrenders during the first four policy years, as follows: • Policy Year in Which Policy Terminates: 1 2 3 4 5 • Percentage of Commission and Other Compensation Agreement to Repay: 100% 75% 50% 25% 0% TransNavigatorSM IUL: For this product, TLIC reserves the right to adjust or modify commission and other compensation for policies (or multiple policies on the same insured) of $10 million face amount or greater. Temporary Extras & Temporary Flat Extras: Commission and other compensation is not payable on premiums charged for temporary extras or temporary flat extras, which are defined as temporary extra premiums charged for five or fewer years on term and traditional policies and for eight or fewer years on UL policies. For TransTerm policies, commission and other compensation is not payable on premiums charged for temporary extras or temporary flat extras, which are defined as temporary extra premiums charged for five or fewer years. For TransSecure® II policies, commission and other compensation is not payable on premiums TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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charged for temporary extras or temporary flat extras, which are defined as temporary extra premiums charged for six or fewer years. Permanent Extras & Permanent Flat Extras: Commission and other compensation may be payable on premiums charged for permanent extras or permanent flat extras on policies, which are defined as permanent extra premiums charged for six or more years on term and traditional policies and for nine or more policy years on UL policies. For TransTerm policies, commission and other compensation may be payable on premiums charged for permanent extras or permanent flat extras on policies, which are defined as permanent extra premiums charged for six or more years. For TransSecure® II policies, commission and other compensation may be payable on premiums charged for permanent extras or permanent flat extras on policies, which are defined as permanent extra premiums charged for seven or more years. Six-Month Rule - Life Policy Replacement: First-year commission and other compensation is not payable on a new life policy on the same life if the new life policy has an application date within six months before or after the date of lapse or surrender of a then or formerly existing life policy issued by TLIC or an insurer which is an affiliate of TLIC unless by Company rule, the payment of firstyear commission and other compensation is specifically authorized. Production Year: References to “production year” is made in this Schedule and in other announcements, bulletins, notices and communications issued by the Company from time to time. Such references to production year are generally intended to specify a period of time commencing from the last closing or cut-off date of the prior production year up to and including the final closing or cut-off date of the current production year. For example, dates for the Company’s 2015 “production year” for purposes of administering the GALPPB as set forth in this Schedule include eligible transactions from December 20, 2014 through December 18, 2015. Policy Rewrites: On non-contractual policy rewrites (for example, term to term or UL to UL), first-year commission and other firstyear compensation may be payable only on the increased amount of the new policy’s first-year commissionable premium on term and traditional policies, or on the increase in target premium on UL to UL rewrites First-year commission and other compensation, when payable, is payable only on new premiums paid into a policy on the difference between the target for the new policy minus the target on the old policy after new premiums have met the target of the original policy. No commission or compensation is payable on rollover funds from one policy to another policy. Therefore, new premiums paid in the first policy year of the new policy up to the amount of the original target will receive renewal compensation and then any additional premium paid in the first year of the new policy may be eligible for first-year compensation up to the maximum limit. The maximum limit on the amount of first-year premium that can be compensated at first-year rates is the amount that the new policy target exceeds the target of the original policy. There will be no first-year compensation payable in the following situations: • • •
No out-of-pocket premium is paid in the first year (i.e., only rollover money is received in the first policy year). The target of the new policy is less than or equal to the target of the old policy. Out-of-pocket first-year premiums paid on the new policy do not exceed the target of the original policy.
For term policies, except Trendsetter Super YRT, full first-year commission and other compensation is payable for those transactions on which the original term policy has been in a premium-paying in-force status for a minimum of nine full policy years. In the instance where the original term policy is a Trendsetter YRT, full first-year commission is payable on rewrite transactions where the original Trendsetter YRT policy has been in a premium-paying in-force status for a minimum of six full policy years. Policy Fees - First-year commission rates for the currently available term insurance policies, Guaranteed Whole Life, and Final Expense policies are expressed as a percent of first-year paid premium which includes the policy fee. For additional information regarding commissions other compensation set forth in this CRS, please contact your Account Manager or the Internal Sales Desk.
TLIC GA LIFE CRS - CNT 703 Ed. (rev. 03/31/2016) – Transamerica Brokerage Distribution Distributed as an Agency Manager Bulletin FOR THE USE ONLY OF GENERAL AGENTS OF TRANSAMERICA LIFE INSURANCE COMPANY – NOT FOR USE WITH THE PUBLIC
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