Guaranteed Acceptance Interest Sensitive Whole Life Insurance

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The Guaranteed Acceptance Interest Sensitive Whole Life Insurance Policy provides “Living Benefits” for Chronic Condition, Terminal Illness, Total Disability Premium Waiver, Children’s Insurance, and Unemployment Lapse Protection in a single, competitive Guaranteed Acceptance policy as follows:

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• Guaranteed Acceptance - Guaranteed Acceptance, competitive cost, income tax-free, death benefits up to $150,000 for employees who are actively at work and $50,000 for spouses and $25,000 for children.

• Guaranteed Tax-Deferred Growth - Tax-deferred cash values credited at a guaranteed minimum interest rate of 4.00%.

• Chronic Condition Benefit - Pays 4% for monthly benefit for up to 25 months or 20% of the death benefit face amount as a one-time lump sum resulting in the inability to perform two activities of daily living or having cognitive impairment requiring supervision. (Example: $150,000 of life insurance would provide $6,000 a month for up to 25 months or $30,000 lump sum payment.)

• Guaranteed Coverage to Age 100 - Coverage continues to age 100 without periodic evidence of insurability.

• Total Disability Waiver of Premium Benefit - Available to age 55 with coverage to age 60, waiver of premium if an employee is totally disabled for 6 months or more. Disability waiver claims beginning before age 60 will continue to be paid until the employee returns to work. As a result, Life Insurance Face Amount, Chronic Condition, Terminal Illness, and Children’s insurance benefits remain in effect and cash accumulation values continue to increase.

• Terminal Illness Benefit - Allows the withdrawal of up to 75% of the death benefits for a terminal illness with a maximum of $150,000. (Example: $150,000 of life insurance would provide $112,500 of Terminal Illness benefits.)

• Unemployment Lapse Protection for Lay Off - Pays insurance cost for up to 6 months after an employee is involuntarily laid off.

• Portability - Individual plan ownership provides for continuation of coverage after change of occupation or retirement.

• Guaranteed Paid-Up Insurance Options - Option to continue Life, Chronic Condition, and Terminal Illness benefits and increasing cash values with no further premiums.

• Guaranteed Face Amounts - Coverage is guaranteed not to decrease.

• Guaranteed Premiums - Premiums are guaranteed not to increase.

• Guaranteed Cash Values - Cash values accumulate on a guaranteed basis.

• Guaranteed Future Increase Option - Provides employees with the ability to increase coverage on a Guaranteed Acceptance basis each year for 10 years beginning with the first anniversary date. Employees who are age 65 or younger, and not disabled or on claim under any waiver rider, can opt for increases in coverage which can be obtained by a premium of $1-$5 weekly. The Living Benefits for Chronic Condition and Terminal Illness are increased proportionately when the Guaranteed Future Increase option is activated. Total face amount of all increases plus the initial face amount purchased cannot exceed the Guaranteed Acceptance Maximum of $150,000.

• Convenient Premium Payment - Premiums paid through convenient payroll deduction or bank draft.

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