Series 26: Sales Load

Taken from our Series 26 Online Guide

Sales Load

A sales load must not exceed 9% of the sum of the annual premiums that the insured would be expected to pay during the lesser of (1) his anticipated life expectancy or (2) twenty years.

SEC Rule 6e-2(b)(13)(i)

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Solomon Exam Prep Study Materials for the Series 26
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Advantages and Disadvantages of Variable Life Insurance Products

Advantages

  • Ability to choose how the money will be invested to better meet the policyholder’s goals
  • Minimum death benefit
  • Ability to earn a higher death benefit and cash value on the account
  • Voting rights
  • Greater chance to beat inflation on cash value and death benef