R2007-197 AUTHORIZING GROUP TERM LIFE INSURANCE COVERAGE

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ASSIGNMENT Ownership of any benefit provided under the Policy may be transferred by assignment. An irrevocable beneficiary must give written consent to assign this insurance. Written request for assignment must be made in duplicate at our Administrative Offices. Once recorded by us, an assignment will take effect on the date it was signed. We are not liable for any action we take before the assignment is recorded. CONFORMITY WITH STATE LAWS Any section of the Policy, which on its effective date, conflicts with the laws of the state in which the Policy is issued, is amended by this provision. The Policy is amended to meet the minimum requirements of those laws. CERTIFICATE OF INSURANCE We will send to you an individual certificate for each Insured. The certificate will outline the insurance coverage and to whom benefits are payable. POLICY TERMINATION You may cancel the Policy at any time. The Policy will be cancelled on the date we receive your letter or, if later, the date requested in your letter. We may cancel the Policy if: (1) the premium is not paid at the end of the grace period; or (2) the number of Insureds is less than the Minimum Participation Number on the Schedule of Benefits; or (3) the percentage of eligible persons insured is less than the Minimum Participation Percentage on the Schedule of Benefits. If we cancel because of(1) above, the Policy will be cancelled at the end of the grace period. If we cancel because of(2) or(3) above, we will give you thirty-one (31) days written notice prior to the date of cancellation. You will still owe us any premium that is not paid up to the date the Policy is cancelled. We will return, pro-rata, any part of the premium paid beyond the date the Policy is cancelled. LRS-6422-5 Ed. 4/94 Page 3.1