TERM LIFE INSURANCE CONTRACTUAL POLICY RENEWAL, CONVERSION, AND EXCHANGE PROVISIONS

Renewability

This policy may be renewable for additional term periods. Evidence of the insured's insurability need not be furnished. Renewal will occur only if premiums have been paid to the renewal date. This policy, however, will not continue beyond the expiration date.

Effective Date of Renewal

The renewal term life insurance premium must be paid within 31 days of the renewal date in order for the renewal to become effective. This policy will be renewed automatically if the insured dies during the 31-day period before the payment of a premium. If the insured dies during this period, the portion of the renewal premium required to provide insurance from the premium due date to the end of the policy month in which the insured's death occurs will be deducted in the calculation of proceeds payable.

Renewal Premiums

The maximum annual renewal premium rates for this policy, including riders and benefits, are shown in the policy schedule.

Automatic Renewal

This policy will be automatically renewed on the renewal date if:

CONVERSION

This policy may be converted to a new policy on the insured's life. Evidence of the insured's insurability is not required. The conversion may be made:

Automatic Conversion

This policy will be converted to a permanent life plan selected by us at the end of the conversion period if:

EXCHANGE OF POLICY FOR SAME PLAN

EXCHANGE PROVISION

This policy may be exchanged for a new policy on the insured's life. Evidence of the insured's insurability satisfactory to us is required. The exchange may be made at any time during the exchange period. The exchange period of this term life insurance policy expires as indicated in the policy schedule. To make the exchange: