Series 6: 6.3.3.5. Sales Charge

Taken from our Series 6 Top-off Online Guide

6.3.3.5. Sales Charge

Sales charges must be reasonable in terms of the services rendered. Under federal law, a sales load must not exceed 9% of the sum of the annual premiums that the insured will be expected to pay during the lesser of (1) her anticipated life expectancy or (2) 20 years.

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