Exhibit 1.A.3.C
CONSECO VARIABLE INSURANCE COMPANY
COMPENSATION SCHEDULE--VARIABLE UNIVERSAL LIFE
1. Contract. Attached to and a part of Selling Agreement
2. Control Date. July 1, 2001. Control Date is the date on which Company
put this schedule into effect and continues until superseded by a
schedule with a later Control Date.
3. Schedule -Variable Life. Commissions equal to the percentages shown shall
apply to premiums received on Variable Universal Life Policies placed in
force under this Selling Agreement. Different commissions are paid on
premiums up to the Target Premium and in excess of the Target Premium, as
indicated in this schedule.
We also pay a trail commission that is based on an annual percentage of
the Accumulation Value, excluding any accumulation value in the Loan
Account. We pay 1/4 of the annual rate at the end of each calendar
quarter, based on the non-loaned Accumulation Value as of that date.
CVUL (single and joint)
POLICY YEAR UD TO TARGET IN EXCESS OF TARGET TRAIL
1 90% 3% 0.00%
2-10 3% 3% 0.10%
11+ 2% 2% 0.20%
These percentages shall also apply to any increase in Target Premium due
to requested increases in specified amount. The 12 months following the
requested increase is considered Year 1 for this purpose. Commissions are
not paid on increases due to riders, changes in death benefit options,
and any increased amount will be netted against prior requested
decreases.
4. Chargebacks: The Representative shall return to Company the designated
percent of any commission paid during the periods specified according to
the following schedule:
100% during the first 6 months after issue or an increase.
50% during the next 6 months.
The chargeback provision is applied on free look rescissions, full
surrenders, decreases, partial withdrawals over the free amount, and
settlement options if the fixed period is for less than 10 years.
Commissions on increases are charged back on a pro-rata basis if there is
a decrease within one year of the increase.
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Type or Print Name of Principal Signature of Principal
CONSECO VARIABLE INSURANCE COMPANY
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Type or Print Name and Title Signature of Principal and Date
CONSECO EQUITY SALES, INC.
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Type or Print Name and Title Signature of Principal and Date