EXHIBIT 10.1
Certain portions of this Exhibit have been
omitted pursuant to a request for confidential treatment. The
non-public information has been filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 under the
Securities Exchange Act of 1934, as amended. The omitted portions
of this Exhibit are indicated by the following:
[****].
AMENDMENT TO GENERAL AGENCY CONTRACT
This is an amendment to that certain General
Agency Contract (the “Original Contract”) between
LIBERTY NATIONAL LIFE INSURANCE COMPANY (the “Company”)
and INDEPENDENT RESEARCH AGENCY FOR LIFE INSURANCE
(“IRA”), effective October 1, 1981.
BACKGROUND AND DEFINITIONS
A. First Command Financial Services,
Inc. (“First Command”) is the successor to IRA under
the Original Contract. References to IRA in the Original Contract
will be deemed references to First Command.
B. First Command has previously
limited its sales activities to the military market, but desires to
expand its operations to include the civilian market. The following
definitions apply in this Amendment:
(i) “First Command Policy
Series” means insurance policies issued to or on the life of
qualified military personnel, the spouse of qualified military
personnel, or children of qualified military personnel.
(ii) “First Command Civilian
Policy Series” means all policies issued that are not First
Command Policy Series policies.
(iii) “All Policies”
means both the First Command Policy Series and the First Command
Civilian Policy Series.
(iv) The First Command Policy Series
and the First Command Civilian Policy Series are those issued on
the following policy forms, including all state variations of the
forms, and all riders and supplemental benefits issued in
conjunction with those policies.
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Plan
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Policy Form
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Whole Life
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[****]
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Last Survivor Whole Life
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[****]
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Decreasing Term without Cash Values
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[****]
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Decreasing Term with Cash Values
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[****]
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This change necessitates certain changes in the
Original Contract. Therefore, in consideration of the mutual
covenants contained in this Amendment, it is agreed as
follows:
1. Paragraph 5 of the Original
Contract is deleted and the following is substituted:
5. COMMISSIONS. First Command shall
be paid the following commissions on premiums paid the Company for
policies issued under this contract:
