Amendment to Sales Agreement Effective as of November 16, 2011 Symetra Life Insurance Company Fully Underwritten Commission Schedule Endorsement Financial Institution Enhanced Commission
Portions marked [***] have been omitted pursuant to a Confidential Treatment Request by Symetra Financial Corporation, this information has been filed separately with the Securities and Exchange Commission.
Exhibit 10.19
Amendment to Sales Agreement
Effective as of November 16, 2011
Symetra Life Insurance Company
Fully Underwritten Commission Schedule Endorsement
Financial Institution
Enhanced Commission
Basic First-Year Commissions
| CASH VALUE POLICIES | ||||
| ¨ | Universal Life Policies | |||
| Symetra Universal Life (SUL) | [***] of all premium up to first “Annual Target” | |||
| ¨ | SYMETRA Successor Single Premium Life with Return of Premium (ROP) | |||
| Ages 55 years – 80 years | [***] of Single Premium | |||
| Ages 81 – 85 years | [***] of Single Premium | |||
| ¨ | SYMETRA TERM LIFE INSURANCE | |||
| All face amounts | ||||
| 10-Year and 15-Year Level Term | [***] of Annual Premium less policy fee | |||
| 20-Year and 30-Year Level Term | [***] of Annual Premium less policy fee | |||
| Policy Term Riders | Same First-Year Rate as Base Policy | |||
| SUPPLEMENTAL BENEFITS | ||||
| Accidental Death, | ||||
| Guaranteed Insurability Option, and Waiver of Premium | Same First-Year Rate as Base Policy | |||
| Insured Children’s Benefit | Same First-Year Rate as Base Policy | |||
Basic Renewal Commissions
| CASH VALUE POLICIES | ||
| Universal Life Policies | ||
| Symetra Universal Life | ||
| Excess premium over first “Annual Target” through 6th policy year | [***] | |
| Symetra Accelerated Universal Life | ||
| Excess premium over first “Annual Target” through 6th policy year | [***] | |
| Policy Term Riders | ||
| 2nd through 6th policy years | Same Renewal Rate as Base Policy | |
Service Fees
| Service Fees are payable in the 7th and subsequent policy years as noted below: | ||
| Flexible Premium Universal Life | [***] | |
| plus 2% of the cost of insurance | ||
| All other plans except Expert Level Term and Symetra Term Life Insurance | [***] |
Not all products are filed in all states. Contact your local Symetra office for further information.
THIS ENDORSEMENT MAY BE MODIFIED OR CANCELED BY THE COMPANY AT ANY TIME BY PROVIDING WRITTEN NOTICE.
Agency is responsible for ensuring that no business is solicited by any representative until that representative is authorized and appointed to represent either, or both, Company(ies).
Page 1 of 1
Portions marked [***] have been omitted pursuant to a Confidential Treatment Request by Symetra Financial Corporation, this information has been filed separately with the Securities and Exchange Commission.
Amendment to Sales Agreement
Effective as of November 16, 2011
Symetra Life Insurance Company
Simplified Issue Life Commission Schedule Endorsement
Financial Institution
Enhanced Commission
Basic First-Year Commissions
| CASH VALUE POLICIES | ||||
| ¨ | Universal Life Policies | |||
| Symetra Universal Life Plus (SUL+) | [***] on all premium up to first “Annual Target” | |||
| ¨ | SYMETRA Successor Single Premium Life with Return of Premium (ROP) | |||
| Ages 55 years – 80 years | [***] of Single Premium | |||
| Ages 81 – 85 years | [***] of Single Premium | |||
| ¨ | SYMETRA TERM LIFE INSURANCE | |||
| All face amounts | ||||
| 10-Year and 20-Year Level Term | [***] of Annual Premium less policy fee | |||
| Policy Term Riders | Same First-Year Rate as Base Policy | |||
| SUPPLEMENTAL BENEFITS | ||||
| Accidental Death and Waiver of Premium | Same First-Year Rate as Base Policy | |||
| Insured Children’s Benefit | Same First-Year Rate as Base Policy | |||
Basic Renewal Commissions
| CASH VALUE POLICIES | ||
| Universal Life Policies | ||
| Symetra Universal Life | ||
| Excess premium over first “Annual Target” through 6th policy year | [***] | |
| Symetra Accelerated Universal Life | ||
| Excess premium over first “Annual Target” through 6th policy year | [***] | |
| TERM POLICIES AND RIDERS | ||
| 2nd policy year | [***] | |
| 3rd policy year | [***] | |
| 4th policy year | [***] | |
Service Fees
| Service Fees are payable in the 7th and subsequent policy years as noted below: | ||
| Flexible Premium Universal Life | [***] | |
| plus 2% of the cost of insurance | ||
| All other plans except Expert Level Term and Symetra Term Life Insurance | [***] |
Not all products are filed in all states. Contact your local Symetra office for further information.
THIS ENDORSEMENT MAY BE MODIFIED OR CANCELED BY THE COMPANY AT ANY TIME BY PROVIDING WRITTEN NOTICE.
Agency is responsible for ensuring that no business is solicited by any representative until that representative is authorized and appointed to represent either, or both, Company(ies).
Page 1 of 1
