English to Polish Bus/Financial Insurance

Ubezpieczenie z funduszem kapitałowym:

Initial Commission of 5.0% is allowed, unless there is Initial Commission sacrifice.

Trail Commission is equal to 0.50% p.a. Trail Commission is payable monthly in arrears on the monthly “anniversary” of the payment date of the first premium after the end of the first policy year (i.e. the first Trail Commission payment is due 13 months after the Risk Commencement Date). The amount of Trail Commission payable is calculated as 1/12 of the relevant percentage of the fund value of the policy at that time. It is applied to the Fund Value if the Initial Premium was paid at least 13 months previously (i.e. premiums paid within a policy month do not generate an entitlement to a Trail Commission until at least 13 full policy months have passed since the relevant premium was paid).