Simplified Load Schedule Agreement between Trustees of John Doe Corporation Trust and Insurer
This agreement outlines the fees, charges, and payment terms for an annuity contract between the Trustees of John Doe Corporation Trust and the insurer. It specifies an installation fee of $750, an annual annuity rate and expense guarantee charge of 1.25% (1.5% at issue), and a maximum administration fee of $150 per year if the contract value falls below $25,000. Additional fees include a $25 transfer fee for transfers beyond twelve per year. The minimum purchase payment is $100, and the contract sets maximum and minimum value thresholds.
Exhibit 10.18
LOADS, FEES, AND CHARGES
(SUBJECT TO AMENDMENT, SECTION 6.5)
DEDUCTIONS FROM PURCHASE PAYMENTS (SECTION 4.3):
INSTALLATION FEE: $ 750
SALES LOAD: NOT APPLICABLE
ANNUAL ANNUITY RATE AND EXPENSE GUARANTEE CHARGE (SECTION 2.4):
1.25% AT ISSUE: 1.50% MAXIMUM
ADMINISTRATION FEE (SECTION 6.7):
$ 150 PER YEAR IF THE CONTRACT VALUE IS LESS THAN $ 25,000 ON THE CONTRACT ANNIVERSARY
TRANSFER FEE (SECTION 4.4)
$ 25 PER TRANSFER BEGINNING WITH THE THIRTEENTH TRANSFER IN ANY CONTRACT YEAR
PURCHASE PAYMENTS AND ACCUMULATED VALUE
MINIMUM PURCHASE PAYMENT:
$ 100
GUARANTEED RETURN FUND ACCOUNTS MAXIMUM (SECTION 3.4):
$ 10,000,000
MINIMUM CONTRACT VALUE (SECTION 6.7):
$ 25,000 BEGINNING ON THE FIRST CONTRACT ANNIVERSARY
| OWNER | TRUSTEES OF JOHN DOE CORPORATION TRUST | |||
| CONTRACT NUMBER | 10 000 001 | |||
| CONTRACT DATE | MAY 3, 1994 | |||
| NPV. 1C. (0594) | PAGE 3 | 124 | ||
| Simplified Load | ||||
135
