| Products | Initial premium processing | Recurring premium processing | When compensation is released |
Ethos Term Life - Prime, Ethos Term Life - Choice | ACH payments are processed based on the bank’s processing time (1-7 business days). Ethos is notified by its payment processor when a payment is successful, so it can transition policy status to Premium Paying as soon as it is successful. | Same as initial premium processing. | Compensation is released the business day following the policy status change to Premium Paying, and payment is settled to the agent (if the agent is paid by Ethos directly) or agency (if otherwise) the business day thereafter. |
| TruStageTM Term Life, TruStageTM Advantage Whole Life, TruStageTM Guaranteed Acceptance Whole Life | ACH payments are processed based on the bank’s processing time (1-7 business days). Ethos is not notified by their payment processor when a payment is successful so Ethos holds the transition of policy status to Premium Paying for 5 days from the payment date that was selected. Note: If the payment date selected is on a weekend, payment will be processed on the next business day. | Same as initial premium processing. | Compensation is released the business day following the policy status change to Premium Paying, and payment is settled to the agent (if the agent is paid by Ethos directly) or agency (if otherwise) the business day thereafter. |
| Ethos IUL | ACH payments are processed based on the bank’s processing time (1-7 business days), however, Ameritas does not initiate payment until 1-3 days after activation. Ethos is not notified by their payment processor when a payment is successful so we hold the transition to Premium Paying for 7 days from payment initiation. | Same as initial premium processing. | Compensation is released the business day following the policy status change to Pending Contract Generation, and payment is settled to the agent (if the agent is paid by Ethos directly) or agency (if otherwise) the business day thereafter. |
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