Amendmentto the Selling Agreement between Allstate Life Insurance Company, ALFS, Inc., and Allstate Financial Services, L.L.C. effective July 26, 1999

Contract Categories: Business Operations - Services Agreements
EX-10.3 4 a04-12788_1ex10d3.htm EX-10.3

Exhibit 10.3

 

Amendment to the Selling Agreement between
Allstate Life Insurance Company, ALFS, Inc., and
Allstate Financial Services, L.L.C. effective July 26, 1999

 

This Amendment shall modify your Selling Agreement (“Agreement”) with Allstate Life Insurance Company (“Allstate Life”) and Allstate Financial Services, L.L.C. (“AFS”) as set forth below and in the attached Schedule A.

 

The attached Schedule A shall replace any previous Schedule A for the same product or; shall be an addition to the current Schedule A if the product was not part of your Selling Agreement prior to the effective date of this Amendment.

 

The acceptance of an application for this product, on or after the effective date of this Amendment, is subject to the rules of Allstate Life and AFS and the provisions of your Agreement. By submission of an Allstate Life application, acceptance of commissions, and/or request for change of Agent of record and/or transfer of servicing to another firm in accordance with the Agreement, you agree to be bound by the provisions of this Amendment.

 

 

Effective date:       February 15, 2002

 

 

By:

/s/ John Hunter

 

/s/ Lisa A. Burnell

 

 

 

John Hunter

Lisa A. Burnell

Vice President

Assistant Vice President and

Allstate Life Insurance Company

Compliance Officer

 

ALFS, Inc.

 



 

SCHEDULE A

SCHEDULE OF COMMISSIONS

 

APPLICABLE FINANCIAL INSTITUTION:

 

 

 

APPLICABLE CONTRACTS:

Treasury-Linked Annuity issued on or after 1/31/02.

 

 

 

 

 

Allstate Financial Treasury-Linked Annuity

 

 

Flexible Premium Deferred Annuity

 

 

 

Compensation (based on age at premium payment);

 

Ages 0-80

5.25% of premium

 

Ages 81-85

4.20% of premium

 

Ages 86-90

2.625% of premium

 

 

 

Chargeback Upon Full or Partial Withdrawal (based on period since premium payment):

 

 

Months 1-12

100% of compensation paid on amount withdrawn in excess of the

 

“Free Withdrawal Amount”

 

 

No Commission Chargebacks upon Annuitization

 

 

 

 

Treasury Link-Master at 5.25% 1-31-02