EQUITABLE FINANCIAL LIFE INSURANCE CO OF AMERICA - FORM S-1 - EX-99.(1)(D)(II) - SECOND AMENDMENT TO GENERAL AGENT SALES AGREEMENT - March 13, 2012

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S-1 - MONY LIFE INSURANCE COMPANY OF AMERICA - EQUITABLE FINANCIAL LIFE INSURANCE CO OF AMERICAd310144ds1.htm
EX-99.(1)(D) - GENERAL AGENT SALES AGREEMENT - EQUITABLE FINANCIAL LIFE INSURANCE CO OF AMERICAd310144dex991d.htm
EX-99.(5)(A) - OPINION AND CONSENT OF DODIE KENT - EQUITABLE FINANCIAL LIFE INSURANCE CO OF AMERICAd310144dex995a.txt
EX-99.(4)(B) - VARIABLE INDEXED OPTION RIDER - EQUITABLE FINANCIAL LIFE INSURANCE CO OF AMERICAd310144dex994b.htm
EX-99.(24)(A) - POWERS OF ATTORNEY - EQUITABLE FINANCIAL LIFE INSURANCE CO OF AMERICAd310144dex9924a.htm
EX-99.(1)(E) - BROKER-DEALER DISTRIBUTION AND SERVICING AGREEMENT - EQUITABLE FINANCIAL LIFE INSURANCE CO OF AMERICAd310144dex991e.htm

SECOND AMENDMENT

TO

GENERAL AGENT SALES AGREEMENT

SECOND AMENDMENT TO GENERAL AGENT SALES AGREEMENT, dated as of April 1, 2008 by and between MONY LIFE INSURANCE COMPANY OF AMERICA (“MONY America”), an Arizona life insurance company, and AXA NETWORK, LLC and the additional affiliated entities of AXA Network, LLC executing this Agreement below (collectively, the “General Agent”).

MONY Life and the General Agent hereby modify and amend the General Agent Sales Agreement dated as of June 6, 2005 between them (the “Sales Agreement”) by restating Schedule 1 of Exhibit A of the Sales Agreement in its entirety as more particularly set forth on the restated Schedule 1 attached hereto to reduce the compensation on scheduled premiums on MONY Life’s One Year Term Life Insurance from 99% for all issue ages to 10% for issue ages below 80 and to 5% for issue ages 80 and above.

Except as modified and amended hereby, the Sales Agreement is in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to General Agent Sales Agreement to be duly executed and delivered as of the day and year first above written.

 

MONY LIFE INSURANCE COMPANY
OF AMERICA

    AXA NETWORK, LLC
   AXA NETWORK OF CONNECTICUT,
         MAINE AND NEW YORK, LLC

By:

       /s/  Richard Dziadzio                AXA NETWORK OF PUERTO RICO, INC.
 

  Richard Dziadzio

  Executive Vice President and

      Chief Financial Officer

    AXA NETWORK INSURANCE AGENCY
    

    OF TEXAS, INC.

    
     By:     /s/  Andrew McMahon            
      

        Andrew McMahon

        Chairman of the Board

      
      

EXHIBIT A

AMENDED AND RESTATED SCHEDULE 1

EFFECTIVE AS OF April 1, 2008

General Agent Compensation for Life Insurance Sales and Servicing

This Amended and Restated Schedule 1 of Exhibit A is effective as of the date set forth above and is attached to and made part of the General Agent Sales Agreement dated June 6, 2005 by and between MONY Life Insurance Company of America and AXA Network, LLC.

Compensation to General Agent in connection with the sale and servicing of life insurance policies will be calculated on a policy by policy basis. Total compensation to General Agent in respect of the sale and servicing of each life insurance policy will be a percentage of the premiums received by MONY America and, where applicable, fund-based basis points as more particularly set forth in the following tables:

Commissions on New Sales of Individual Permanent Life Insurance Products:

 

Type of Premium

 

                 Percentage            

 

MONY VUL

     

First policy year up to Target

    110.0%

Excess Premiums (Policy Year 1)            

    4.0%

Renewals1

    5.0%

Asset Based Trailer

    0.0%
      

MONY ISWL

     

First policy year up to Target

    110.0%

Excess Premiums (Policy Year 1)

    4.0%

Renewals1

    4.0%
      

Group UL

     

First Policy Year up to Target

    110%

Excess Premiums (Policy Year 1)

    4.0%

Renewals1

    4.8%

 

 

1 

Policy Year 2 and later

 

2

Exhibit A

Amended and Restated Schedule 1 (cont.)

Effective as of April 1, 2008

 

Type of Premium

                 Percentage            
      

Corporate Owned Life Insurance

     

First Policy Year up to Target

    30.8%

Excess Premiums (Policy Year 1)        

    13.6%

Renewals2

    15.0%

Asset Based Trailer2

    0.20%3
      

Bank Owned Life (BOLI)

     

Single Premium

    5.0%

Asset Based Trailer2

    0.25%3
      

All Other MLOA Products

     

First Policy Year up to Target

    110.0%

Excess Premiums (Policy Year 1)

    4.0%

Renewals2

    5.0%

Asset Based Trailer

    0.0%

Commissions on New Sales of Individual Term Life Insurance Products:

 

Type of Premium

                 Percentage            

First Year

     

One Year Term Life

            (GF #148-51)

    10% (5% for issue ages  80 and    

above)

10 Year Level Term

    110%

15 Year Level Term

    120%

20 Year Level Term

    130%

30 Year Level Term

    130%

Yearly Renewable Term            

    95%

Renewals

    0.0%

Commissions on In-force Permanent Life Insurance Products (except COLI and BOLI):

 

Type of Premium                                  

                       Percentage                   
      

Renewals2

    5.0%

Asset Based Trailer

    0.0%

 

 

2 

Policy Year 2 and later.

3 

Based on unloaned policy account value.

 

3

Commissions on In-force COLI:

 

Type of Premium

                     Percentage                
      

Renewals4

    15.0%

Asset Based Trailer4

    0.20% 5

Commissions on In-force BOLI:

 

Type of Premium

                     Percentage                
      

Asset Based Trailer4

    0.25% 5

Commissions on In-force Term Life Insurance Products:

 

Type of Premium

                     Percentage                
      

Renewals6

    3.0%

Renewals7

    0.0%

 

 

 

 

 

4 

Policy Year 2 and later.

5 

Based on unloaned policy account value.

6 

Applies to policies issued prior to 7/29/02.

7 

Applies to policies issued on or after 7/29/02.

 

4

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