Kansas Wholesale Agreement between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp. and Delaware Distributors, LP

• Category: Corporations - Public - Agreements
• State: Multi-State
• Control #: US-EG-9361
• Format: Word; Rich Text

Description

Wholesale Agreement between Lincoln Life and Annuity Company of New York, Lincoln Financial Advisors Corporation and Delaware Distributors, LP regarding the establishment of an arrangement for company to act as a wholesaler for variable annuity and The Kansas Wholesale Agreement between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP is a contractual arrangement that outlines the terms and conditions for the wholesale distribution of financial products and services in the state of Kansas. This agreement enables the parties involved to collaborate and work together in offering a wide range of insurance and investment solutions to clients in the wholesale market. Some key aspects covered under the Kansas Wholesale Agreement include: 1. Product Distribution: The agreement establishes the framework under which Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP can distribute their various financial products to wholesale clients in Kansas. These products may include life insurance policies, annuities, retirement plans, and other investment vehicles. 2. Sales and Marketing: The agreement outlines the responsibilities and obligations of each party regarding sales and marketing activities within the wholesale market. It may include provisions for joint marketing efforts, sales materials, training programs, and promotional campaigns to effectively reach potential clients and promote the offered products and services. 3. Compensation and Incentives: The Kansas Wholesale Agreement addresses how the parties involved will be compensated for their efforts in distributing financial products. It specifies the commissions, fees, or other compensation structures applicable to each party, ensuring transparency and fairness in the distribution process. Additionally, it may outline any incentive programs or bonuses offered to encourage increased sales and performance. 4. Licensing and Compliance: Compliance with applicable laws, regulations, and licensing requirements is of paramount importance in the financial industry. The agreement may include provisions that detail the responsibility of each party to maintain necessary licenses and compliance with state and federal regulations. It may also address issues related to errors and omissions insurance and arbitration in case of disputes. 5. Termination and Amendment: The agreement sets forth the conditions under which the parties can terminate the agreement, as well as the procedures for amendment or modification. This ensures that both parties have the flexibility to adapt to changing market conditions or regulatory requirements while maintaining a mutually beneficial relationship. The Kansas Wholesale Agreement between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP may have different types or variations depending on specific product offerings, distribution channels, or other factors. These variations could include agreements tailored for specific types of annuity products, retirement plans, or specialized investment services targeted towards different wholesale market segments. By establishing a comprehensive agreement that encompasses these key aspects, Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP can effectively collaborate in the wholesale distribution of financial products and services in Kansas, ensuring clients have access to a wide range of reliable and robust insurance and investment options.

The Kansas Wholesale Agreement between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP is a contractual arrangement that outlines the terms and conditions for the wholesale distribution of financial products and services in the state of Kansas. This agreement enables the parties involved to collaborate and work together in offering a wide range of insurance and investment solutions to clients in the wholesale market. Some key aspects covered under the Kansas Wholesale Agreement include: 1. Product Distribution: The agreement establishes the framework under which Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP can distribute their various financial products to wholesale clients in Kansas. These products may include life insurance policies, annuities, retirement plans, and other investment vehicles. 2. Sales and Marketing: The agreement outlines the responsibilities and obligations of each party regarding sales and marketing activities within the wholesale market. It may include provisions for joint marketing efforts, sales materials, training programs, and promotional campaigns to effectively reach potential clients and promote the offered products and services. 3. Compensation and Incentives: The Kansas Wholesale Agreement addresses how the parties involved will be compensated for their efforts in distributing financial products. It specifies the commissions, fees, or other compensation structures applicable to each party, ensuring transparency and fairness in the distribution process. Additionally, it may outline any incentive programs or bonuses offered to encourage increased sales and performance. 4. Licensing and Compliance: Compliance with applicable laws, regulations, and licensing requirements is of paramount importance in the financial industry. The agreement may include provisions that detail the responsibility of each party to maintain necessary licenses and compliance with state and federal regulations. It may also address issues related to errors and omissions insurance and arbitration in case of disputes. 5. Termination and Amendment: The agreement sets forth the conditions under which the parties can terminate the agreement, as well as the procedures for amendment or modification. This ensures that both parties have the flexibility to adapt to changing market conditions or regulatory requirements while maintaining a mutually beneficial relationship. The Kansas Wholesale Agreement between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP may have different types or variations depending on specific product offerings, distribution channels, or other factors. These variations could include agreements tailored for specific types of annuity products, retirement plans, or specialized investment services targeted towards different wholesale market segments. By establishing a comprehensive agreement that encompasses these key aspects, Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP can effectively collaborate in the wholesale distribution of financial products and services in Kansas, ensuring clients have access to a wide range of reliable and robust insurance and investment options.