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The Standard will lower Fixed Indexed Commission

Changes Effective August 1, 2010

07-14-2010

Effective August 1, 2010, The Standard will change IGA 5 & 7 commission rates. Following are the changes made to the commission schedules. Any IGA issued with an effective date on or after August 1, 2010 will be subject to the changes below.
· IGA 5 & 7 Commission Rates – In an effort to increase competitiveness of our index cap rates, upfront commissions (Option A) for ages 0-80 will decrease 50 bps to 4.00% and 5.00%, respectively. All other age levels and trail commission rates remain unchanged.
· Commission Chargeback length extended to two years for IGA 5 & 7 with optional GOP Rider – Commission chargeback has been extended to 100% for policies surrendered during months 1-12 and 50% for policies surrendered during months 13-24. The commission chargeback schedule for all other products, including the IGA issued without the GOP rider, remains unchanged.

Call Rob or Jim for complete details.