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Features and Exclusions

FEATURES

Living Benefits Option For You

50% of the amount of the life insurance benefit is available to you if you incur a "terminal condition" but not to exceed $ 100,000. "Terminal condition" means an injury or sickness expected to result in your death within 12 months and from which there is no reasonable prospect of recovery as determined by us.

Continuation Due to Layoff or Leave of Absence

Your insurance will continue subject to payment of premium until the last day of the Policy month in which You have been laid off or go on a leave of absence approved by the Policyholder.

Waiver of Premium

If You are determined to be Totally Disabled, Your Life Insurance Benefit will continue without payment of premium until age 65 provided the disability began prior to age 60 and You have met a disability elimination period of 6 consecutive months.

Portability

If Your insurance ends prior to age 70 because:

  • the Policyholder withdraws insurance and does not obtain similar group coverage within 31 days;
  • Your employment with the Policyholder ends;
  • You are not Actively Employed;
  • You retire; or
  • You do not satisfy any other eligibility condition described in the Policy;

You or Your Dependents may continue insurance under the Policy without giving information about Your health, subject to conditions described in Your Certificate. In addition, a Dependent spouse who is no longer eligible under the Policy may elect to continue coverage under the Portability provision for themselves and their eligible Dependents, subject to conditions described in Your Certificate.

Conversion

If Your employment ends, You may apply for an individual life insurance policy without evidence of good health. You will be responsible for the premium for the coverage.

LIFE EXCLUSIONS

We will not pay benefits for a death which results from suicide, while sane or insane within two years from the date insurance begins. Instead We will pay the sum of the premiums paid.

If death results from suicide, while sane or insane, within two years from the effective date of any increase in the amount of coverage, the amount of the increase will not be paid. Instead We will pay the total of the premiums paid on the increase.