Attached files
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8-K - CURRENT REPORT - REGAN HOLDING CORP | p20680form8k.htm |
Exhibit 99.1
July 17, 2009
Legacy Marketing Group
2090 Marina Avenue
Petaluma, CA 94954
Attention: R. Preston Pitts, President
Re: Termination of Marketing Agreement Amendment
Dear Mr. Pitts:
This letter will confirm our mutual agreement to terminate the Marketing Agreement between Conseco Marketing, LLC and Legacy Marketing Group, entered into as of October 10, 2005, on the following terms:
1.
Conseco will continue to accept applications for new RewardMark annuity sales if they are received by Legacy or its TPA prior to the end of business on November 1, 2009. Applications received after that date, regardless of the date of the application, will not be accepted.
2.
Conseco will accept any transfer premium, including 1035 premium, for applications that were received before or on November 1, 2009, but not yet issued, if the transfer premium is received by December 31, 2009. No new annuity contracts will be issued after December 31st. Please note that this does not limit an owner from making additional premium payments beyond December 31st, subject to the terms of the annuity contract.
3.
Except as provided above, the Marketing Agreement will terminate effective October 10, 2009.
Please acknowledge your acceptance of these terms by signing below.
Sincerely,
/s/ Steven M. Stecher
Steven M. Stecher
Agreed to and Accepted:
Legacy Marketing Group
By: /s/ R. Preston Pitts
R. Preston Pitts, President
Date: September 8, 2009