EX-99.(4)(I) 4 d120613dex994i.htm NINTH AMENDMENT TO THE GENERAL AGENT SALES AGREEMENT, DATED AS OF 10/1/20 Ninth Amendment to the General Agent Sales Agreement, dated as of 10/1/20

NINTH AMENDMENT

TO

GENERAL AGENT SALES AGREEMENT

This NINTH AMENDMENT TO GENERAL AGENT SALES AGREEMENT, dated as of October 1, 2020 is by and between EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA, an Arizona life insurance company, f/k/a MONY Life Insurance Company of America (“EFLOA”), and EQUITABLE NETWORK, LLC, a Delaware limited liability company, f/k/a AXA Network, LLC (“General Agent”).

EFLOA and General Agent hereby modify and amend the General Agent Sales Agreement, dated as of June 6, 2005, between EFLOA and General Agent (as previously amended, the “Sales Agreement”) to: (i) amend and restate Schedule 2 of Exhibit A of the Sales Agreement to reflect compensation associated with the sale and servicing of individual qualified and non-qualified annuities; and (ii) reflect the new operating company names of the entities referenced in the Sales Agreement.

1. As of the effective date of this Ninth Amendment, all references in the Sales Agreement to:

 

  (i)

“MONY Life Insurance Company of America” or “MONY America” shall be replaced with “Equitable Financial Life Insurance Company of America” or “EFLOA”; and

 

  (ii)

“AXA Network, LLC” or “AXA Network” shall be replaced with “Equitable Network, LLC” or “Equitable Network”.

2. Schedule 2 of Exhibit A of the Sales Agreement is hereby deleted in its entirety and replaced with the attached revised Schedule 2 or Exhibit A.

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

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

 

EQUITABLE FINANCIAL LIFE

INSURANCE COMPANY OF AMERICA

                        EQUITABLE NETWORK, LLC
By:  

LOGO

 

       By:  

LOGO

 

Name:   Anders Malmstrom       Name:   Frank Massa
Title:   Senior Executive Director       Title:   President and Chief Executive Officer
  and Chief Financial Officer        

 

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EXHIBIT A

AMENDED AND RESTATED SCHEDULE 2

EFFECTIVE AS OF OCTOBER 1, 2020

General Agent Compensation for Individual Qualified and Non-Qualified Annuity Sales and Servicing

1. Compensation on Retirement Cornerstone and Structured Capital Strategies annuity products:

 

Type of Consideration

    Percentage  

First Policy Year-

      8.5 % 

Renewal Years

      8.5 % 

2. Compensation on Investment Edge Annuities:

 

Type of Consideration

    Contribution Based Percentage     Annual Asset Based Percentage  

First Policy Year

      7.0 %      0.45 % 

Renewal Years

      7.0 %      0.45 % 

3. Compensation on all annuity products designated as ADV (Fee-based) annuities, regardless of product name (unless otherwise specified in this Schedule):

 

Type of Consideration

    Percentage  

First Policy Year

      1.8 % 

Renewal Years

      1.8 % 

4. Sales of Structured Capital Strategies and Investment Edge Replacement Policies replacing other Equitable annuities:

 

Type of Consideration

   

Contribution Based Percentage

   

Annual Asset Based Percentage

First Policy Year

    2.25% up to Replacement Value; standard compensation, as applicable, on new money    0.45% up to Replacement Value; 0.00% on new money

Renewal Years

    2.25% up to Replacement Value (when aggregated with prior contributions); standard compensation, as applicable, on new money.    0.45% up to Replacement Value (when aggregated with prior contributions); 0.00% on new money

5. Sales of Retirement Cornerstone Series E Replacement Policies replacing other Equitable annuities:

 

Type of Consideration

   

Annual Asset Based Percentage

First Policy Year

    1.0% up to Replacement Value; 0.00% on new money

Renewal Years

    1.0% up to Replacement Value (wen aggregated with prior contributions); 0.00% on new money

 

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