Common use of Grace Period and Lapse Clause in Contracts

Grace Period and Lapse. If the Accumulated Value less Policy Debt on a Monthly Payment Date is sufficient to cover the Monthly Deduction due, the policy will continue In Force. If the Accumulated Value less Policy Debt on a Monthly Payment Date is not sufficient to cover the Monthly Deduction due, a Grace Period of 61 days will be allowed for the payment of sufficient premium to keep your policy In Force. The Grace Period begins on the Monthly Payment Date on which the insufficiency occurred and ends 61 days thereafter. At the start of the Grace Period, we will notify you and any assignee of record at the last known address. The notice will state the due date and the amount of premium required for your policy to remain In Force. A minimum of the monthly charges not deducted plus three times the monthly deduction due when the insufficiency occurred, plus Premium Load, must be paid. There is no penalty for paying a premium during the Grace Period. Your policy will remain In Force during the Grace Period. If sufficient premium is not paid by the end of the Grace Period, a lapse will occur. Thirty-one days prior to lapse, we will send you and any assignee of record a notice containing the lapse date and the required premium to keep your policy In Force. If the Survivor dies during the Grace Period, the death benefit will be equal to the death benefit as of the beginning of the Grace Period reduced by any overdue charges. Upon lapse, the policy will terminate with no value. Reinstatement – If it has not been surrendered, this policy may be reinstated within five years after the end of the Grace Period. To reinstate this policy you must provide us with the following: • a written application; • Evidence of Insurability satisfactory to us; • sufficient premium, after reduction by Premium Load, to cover all Monthly Deductions and policy loan interest due and unpaid during the Grace Period; and • sufficient premium, after reduction by Premium Load, to keep the policy In Force for three months after the date of reinstatement. The effective date of the policy reinstatement will be the Monthly Payment Date on or next following the date we approve your reinstatement application. At reinstatement: • The Net Accumulated Value will be the same as it was at the beginning of the Grace Period. • Surrender charges and policy charges other than Cost of Insurance Charges will resume on their schedule as of the Monthly Payment Date when lapse occurred. • Cost of Insurance Charges will be calculated using Cost of Insurance Rates that resume their original schedule as if lapse had never occurred, reflecting the Insureds’ Ages at reinstatement and policy duration measured from the original Policy Date. • If there was a policy loan at time of lapse, you may choose to reinstate the policy loan. We recommend you consult your tax advisor before reinstating a policy loan. • If reinstatement occurs on the first Monthly Payment Date after lapse and there was a loan before lapse, we will automatically reinstate the loan unless otherwise requested. • If loan reinstatement is not requested, we will eliminate the loan by reducing the Accumulated Value by the Policy Debt. After the reinstatement premium has been applied, regular policy processing will occur for the period of time when coverage was provided during the Grace Period. There will be no Monthly Deductions between the time of lapse and reinstatement. TRANSFERS Transfers – After your initial Premium has been allocated according to your instructions you may, upon Written Request, transfer your Accumulated Value, or a part of it, among the Investment Options as provided in this section. No transfer may be made if the policy is in a Grace Period and the Required Premium has not been paid. We reserve the right: • to limit the size of transfers so that each transfer is at least $500; • to limit the frequency of transfers, however at least one transfer per quarter will be allowed; • to require that the remaining balance in any account as a result of a transfer be at least $500; • to assess a charge of $25 for each transfer exceeding 12 per policy year; and • to otherwise waive or reduce the restrictions on transfers described in this section. You may contact us to find out what restrictions are in effect at any time. Transfers To The Fixed Options (from the Variable Accounts) – You may transfer to the Fixed Options only during the policy month preceding each policy anniversary, subject to the limitations described in the Allocations To The Fixed Options subsection below. Such transfer may be for any amount up to 100% of the Variable Accumulated Value.

Grace Period and Lapse. If the Accumulated Value less Policy Debt on a Monthly Payment Date is sufficient to cover the Monthly Deduction due, the policy will continue In Force. If the Accumulated Value less Policy Debt on a Monthly Payment Date is not sufficient to cover the Monthly Deduction due, a Grace Period of 61 days will be allowed for the payment of sufficient premium to keep your policy In Force. The Grace Period begins on the Monthly Payment Date on which the insufficiency occurred and ends 61 days thereafter. At the start of the Grace Period, we will notify you and any assignee of record at the last known address. The notice will state the due date and the amount of premium required for your policy to remain In Force. A minimum of the monthly charges not deducted plus three times the monthly deduction due when the insufficiency occurred, plus Premium Load, must be paid. There is no penalty for paying a premium during the Grace Period. Your policy will remain In Force during the Grace Period. If sufficient premium is not paid by the end of the Grace Period, a lapse will occur. Thirty-one days prior to lapse, we will send you and any assignee of record a notice containing the lapse date and the required premium to keep your policy In Force. If the Survivor Insured dies during the Grace Period, the death benefit will be equal to the death benefit as of the beginning of the Grace Period reduced by any overdue charges. Upon lapse, the policy will terminate with no value. Reinstatement – — If it has not been surrendered, this policy may be reinstated within five years after the end of the Grace Period. To reinstate this policy you must provide us with the following: • a A written application; application • Evidence of Insurability satisfactory to us; us • sufficient Sufficient premium, after reduction by Premium Load, to cover all Monthly Deductions and policy loan interest due and unpaid during the Grace Period; and Period • sufficient Sufficient premium, after reduction by Premium Load, to keep the policy In Force for three months after the date of reinstatement. reinstatement The effective date of the policy reinstatement will be the Monthly Payment Date on or next following the date we approve your reinstatement application. At reinstatement: • The Net Accumulated Value will be the same as it was at the beginning of the Grace Period. • Surrender charges and policy charges other than Cost of Insurance Charges will resume on their schedule as of the Monthly Payment Date when lapse occurred. • Cost of Insurance Charges will be calculated using Cost of Insurance Rates that resume their original schedule as if lapse had never occurred, reflecting the Insureds’ Ages Insured’s Age at reinstatement and policy duration measured from the original Policy Date. • If there was a policy loan at time of lapse, you may choose to reinstate the policy loan. We recommend you consult your tax advisor before reinstating a policy loan. • If reinstatement occurs on the first Monthly Payment Date after lapse and there was a loan before lapse, we will automatically reinstate the loan unless otherwise requested. • If loan reinstatement is not requested, we will eliminate the loan by reducing the Accumulated Value by the Policy Debt. After the reinstatement premium has been applied, regular policy processing will occur for the period of time when coverage was provided during the Grace Period. There will be no Monthly Deductions between the time of lapse and reinstatement. P09MVP TRANSFERS Transfers – — After your initial Premium has been allocated according to your instructions you may, upon Written Request, transfer your Accumulated Value, or a part of it, among the Investment Fixed Options and Variable Accounts as provided in this section. No transfer may be made if the policy is in a Grace Period and the Required Premium has not been paid. We reserve the right: • to To limit the size of transfers so that each transfer is at least $500; 500 • to To limit the frequency of transfers, however at least one transfer per calendar quarter will be allowed; allowed • to To require that the remaining balance in any account as a result of a transfer be at least $500; 500 • to To assess a charge of $25 for each transfer exceeding 12 per policy year; and year • to To otherwise waive or reduce the restrictions on transfers described in this section. You may contact us to find out what restrictions are in effect at any time. Transfers To The Fixed Options (from the Variable Accounts) – — You may transfer to the Fixed Options only during the policy month preceding each policy anniversary and the policy month following each policy anniversary, subject to the limitations described in the Allocations To The Fixed Options subsection below. Such transfer may be for any amount up to 100% of the Variable Accumulated Value.

Grace Period and Lapse. If the Accumulated Value less Policy Debt on a Monthly Payment Date is sufficient to cover the Monthly Deduction due, the policy will continue In Force. If the Accumulated Value less Policy Debt on a Monthly Payment Date is not sufficient to cover the Monthly Deduction due, a Grace Period of 61 days will be allowed for the payment of sufficient premium to keep your policy In Force. The Grace Period begins on the Monthly Payment Date on which the insufficiency occurred and ends 61 days thereafter. At the start of the Grace Period, we will notify you and any assignee of record at the last known address. The notice will state the due date and the amount of premium required for your policy to remain In Force. A minimum of the monthly charges not deducted plus three times the monthly deduction due when the insufficiency occurred, plus Premium Load, must be paid. There is no penalty for paying a premium during the Grace Period. Your policy will remain In Force during the Grace Period. If sufficient premium is not paid by the end of the Grace Period, a lapse will occur. Thirty-one days prior to lapse, we will send you and any assignee of record a notice containing the lapse date and the required premium to keep your policy In Force. If the Survivor Insured dies during the Grace Period, the death benefit will be equal to the death benefit as of the beginning of the Grace Period reduced by any overdue charges. Upon lapse, the policy will terminate with no value. Reinstatement – If it has not been surrendered, this policy may be reinstated within five years after the end of the Grace Period. To reinstate this policy you must provide us with the following: • a A written application; application • Evidence of Insurability satisfactory to us; us • sufficient Sufficient premium, after reduction by Premium Load, to cover all Monthly Deductions and policy loan interest due and unpaid during the Grace Period; and Period • sufficient Sufficient premium, after reduction by Premium Load, to keep the policy In Force for three months after the date of reinstatement. reinstatement The effective date of the policy reinstatement will be the Monthly Payment Date on or next following the date we approve your reinstatement application. At reinstatement: • The Net Accumulated Value will be the same as it was at the beginning of the Grace Period. • Surrender charges and policy charges other than Cost of Insurance Charges will resume on their schedule as of the Monthly Payment Date when lapse occurred. • Cost of Insurance Charges will be calculated using Cost of Insurance Rates that resume their original schedule as if lapse had never occurred, reflecting the Insureds’ Ages Insured’s Age at reinstatement and policy duration measured from the original Policy Date. • If there was a policy loan at time of lapse, you may choose to reinstate the policy loan. We recommend you consult your tax advisor before reinstating a policy loan. • If reinstatement occurs on the first Monthly Payment Date after lapse and there was a loan before lapse, we will automatically reinstate the loan unless otherwise requested. • If loan reinstatement is not requested, we will eliminate the loan by reducing the Accumulated Value by the Policy Debt. After the reinstatement premium has been applied, regular policy processing will occur for the period of time when coverage was provided during the Grace Period. There will be no Monthly Deductions between the time of lapse and reinstatement. P09SE5 TRANSFERS Transfers – After your initial Premium has been allocated according to your instructions you may, upon Written Request, transfer your Accumulated Value, or a part of it, among the Investment Fixed Options and Variable Accounts as provided in this section. No transfer may be made if the policy is in a Grace Period and the Required Premium has not been paid. We reserve the right: • to To limit the size of transfers so that each transfer is at least $500; 500 • to To limit the frequency of transfers, however at least one transfer per calendar quarter will be allowed; allowed • to To require that the remaining balance in any account as a result of a transfer be at least $500; 500 • to To assess a charge of $25 for each transfer exceeding 12 per policy year; and year • to To otherwise waive or reduce the restrictions on transfers described in this section. You may contact us to find out what restrictions are in effect at any time. Transfers To The Fixed Options (from the Variable Accounts) – You may transfer to the Fixed Options only during the policy month preceding each policy anniversary and the policy month following each policy anniversary, subject to the limitations described in the Allocations To The Fixed Options subsection below. Such transfer may be for any amount up to 100% of the Variable Accumulated Value.

Grace Period and Lapse. If the Accumulated Value less Policy Debt on a Monthly Payment Date is sufficient to cover the Monthly Deduction due, the policy will continue In Force. If the Accumulated Value less Policy Debt on a Monthly Payment Date is not sufficient to cover the Monthly Deduction due, a Grace Period of 61 days will be allowed for the payment of sufficient premium to keep your policy In Force. The Grace Period begins on the Monthly Payment Date on which the insufficiency occurred and ends 61 days thereafter. At the start of the Grace Period, we will notify you and any assignee of record at the last known address. The notice will state the due date and the amount of premium required for your policy to remain In Force. A minimum of the monthly charges not deducted plus three times the monthly deduction due when the insufficiency occurred, plus Premium Load, must be paid. There is no penalty for paying a premium during the Grace Period. Your policy will remain In Force during the Grace Period. If sufficient premium is not paid by the end of the Grace Period, a lapse will occur. Thirty-one days prior to lapse, we will send you and any assignee of record a notice containing the lapse date and the required premium to keep your policy In Force. If the Survivor Insured dies during the Grace Period, the death benefit will be equal to the death benefit as of the beginning of the Grace Period reduced by any overdue charges. Upon lapse, the policy will terminate with no value. Reinstatement – — If it has not been surrendered, this policy may be reinstated within five years after the end of the Grace Period. To reinstate this policy you must provide us with the following: • a A written application; • Evidence of Insurability satisfactory to usInsurability; • sufficient Sufficient premium, after reduction by Premium Load, to cover all Monthly Deductions and policy loan interest due and unpaid during the Grace Period; and • sufficient Sufficient premium, after reduction by Premium Load, to keep the policy In Force for three months after the date of reinstatement. The effective date of the policy reinstatement will be the Monthly Payment Date on or next following the date we approve your reinstatement application. At reinstatement: • The Net Accumulated Value will be the same as it was at the beginning of the Grace Period. • Surrender charges and policy charges other than Cost of Insurance Charges will resume on their schedule as of the Monthly Payment Date when lapse occurred. • Cost of Insurance Charges will be calculated using Cost of Insurance Rates that resume their original schedule as if lapse had never occurred, reflecting the Insureds’ Ages Insured’s Age at reinstatement and policy duration measured from the original Policy Date. • If there was a policy loan at time of lapse, you may choose to reinstate the policy loan. We recommend you consult your tax advisor before reinstating a policy loan. • If reinstatement occurs on the first Monthly Payment Date after lapse and there was a loan before lapse, we will automatically reinstate the loan unless otherwise requested. • If loan reinstatement is not requested, we will eliminate the loan by reducing the Accumulated Value by the Policy Debt. The resulting negative Accumulated Value will be due in addition to necessary reinstatement premium. After the reinstatement premium has been applied, regular policy processing will occur for the period of time when coverage was provided during the Grace Period. There will be no Monthly Deductions between the time of lapse and reinstatement. TRANSFERS Transfers – After your initial Premium has been allocated according to your instructions you may, upon Written Request, transfer your Accumulated Value, or a part of it, among the Investment Options as provided in this section. No transfer may be made if the policy is in a Grace Period and the Required Premium has not been paid. We reserve the right: • to limit the size of transfers so that each transfer is at least $500; • to limit the frequency of transfers, however at least one transfer per quarter will be allowed; • to require that the remaining balance in any account as a result of a transfer be at least $500; • to assess a charge of $25 for each transfer exceeding 12 per policy year; and • to otherwise waive or reduce the restrictions on transfers described in this section. You may contact us to find out what restrictions are in effect at any time. Transfers To The Fixed Options (from the Variable Accounts) – You may transfer to the Fixed Options only during the policy month preceding each policy anniversary, subject to the limitations described in the Allocations To The Fixed Options subsection below. Such transfer may be for any amount up to 100% of the Variable Accumulated Value.

Grace Period and Lapse. If the Accumulated Value less Policy Debt on a Monthly Payment Date is sufficient to cover the Monthly Deduction due, the policy will continue In Force. If the Accumulated Value less Policy Debt on a Monthly Payment Date is not sufficient to cover the Monthly Deduction duecurrent monthly deduction, a Grace Period grace period of 61 days will be allowed for the payment of sufficient premium to keep your policy In Forcein force. The Grace Period grace period begins on the Monthly Payment Date on which the insufficiency occurred and ends 61 days thereafter. At the start of the Grace Periodgrace period, we will notify you and any assignee of record at the last known address. The notice will state the due date and the amount of premium required for your policy to remain In Forcein force. A minimum of the monthly charges not deducted plus three times the monthly deduction due when the insufficiency occurred, plus Premium Load, must be paid. There is no penalty for paying a premium during the Grace Periodgrace period. Your policy will remain In Force in force during the Grace Periodgrace period. If sufficient premium is not paid by the end of the Grace Periodgrace period, a lapse will occur. Thirty-one days prior to lapse, we will send you and any assignee of record a notice containing the lapse date and the required premium to keep your policy In Forcein force. If the Survivor Insured dies during the Grace Periodgrace period, the death benefit Death Benefit Proceeds will be equal to the death benefit as of the beginning of the Grace Period reduced by any overdue charges. Upon lapse, the policy will terminate with no value. Reinstatement – If it has not been surrendered, this policy may be reinstated within not more than five years after the end of the Grace Periodgrace period. To reinstate this policy you must provide us with the following: • · a written application; • Evidence · evidence of Insurability insurability satisfactory to us; • · sufficient premium, after reduction by Premium Load, premium to cover all Monthly Deductions and policy loan interest monthly deductions due and unpaid during the Grace Periodgrace period; and • plus · sufficient premium, after reduction by Premium Load, premium to keep the policy In Force in force for three months after the date of reinstatement. The effective date of the reinstated policy reinstatement will be the first Monthly Payment Date on or next following the date we approve your reinstatement application. At reinstatement: • The Net Accumulated Value will be the same as it was at the beginning of the Grace Period. • Surrender charges and policy charges other than Cost of Insurance Charges will resume on their schedule as of the Monthly Payment Date when lapse occurred. • Cost of Insurance Charges will be calculated using Cost of Insurance Rates that resume their original schedule as if lapse had never occurred, reflecting the Insureds’ Ages at reinstatement and policy duration measured from the original Policy Date. • If there was a policy loan at time of lapse, you may choose to reinstate the policy loan. We recommend you consult your tax advisor before reinstating a policy loan. • If reinstatement occurs is reinstated on the first Monthly Payment Date after lapse and there was a loan before following lapse, we any Policy Debt on the date of lapse will automatically also be reinstated. If the policy is reinstated after the first Monthly Payment Date following lapse, any Policy Debt outstanding on the date of lapse will be extinguished, except that you may instruct us by Written Request to reinstate the loan unless otherwise requested. • If loan reinstatement is not requested, we will eliminate the loan by reducing the Accumulated Value by the Policy Debt. After the reinstatement premium has been applied, regular policy processing will occur for the period of time when coverage was provided during the Grace Period. There will be no Monthly Deductions between the time of lapse and reinstatementDebt in such case. TRANSFERS Transfers – After your initial Net Premium has been allocated according to your instructions and while your policy is in force, you may, upon Written Request, transfer your Accumulated Value, or a part of it, among the Investment Options as provided in this section. No transfer may be made if the policy is in a Grace Period grace period and the Required Premium required premium has not been paid. We reserve the rightright to: • to · limit the size of transfers so that each transfer is at least $500; • to · limit the frequency of transfers, however at least one transfer transfers to not less than once per quarter will be allowedquarter; • to · require that the balance remaining balance in any account as a result of an Investment Option after a transfer be at least $500; • to · assess a charge of $25 for each transfer exceeding 12 per policy year; and • to otherwise · waive or reduce the restrictions on transfers the transfer provisions described in this section. You may contact us to find out what restrictions are in effect at any time. Transfers To The Fixed Options (from the Variable Accounts) – You may transfer to the Fixed Options only during the policy month preceding each policy anniversary, subject to the limitations described in the Allocations To The Fixed Options subsection below. Such transfer may be for any amount up to 100% of the Variable Accumulated Value.

Grace Period and Lapse. If the Accumulated Value less Policy Debt on a Monthly Payment Date is sufficient to cover the Monthly Deduction due, the policy will continue In Force. If the Accumulated Value less Policy Debt on a Monthly Payment Date is not sufficient to cover the Monthly Deduction due, a Grace Period of 61 days will be allowed for the payment of sufficient premium to keep your policy In Force. The Grace Period begins on the Monthly Payment Date on which the insufficiency occurred and ends 61 days thereafter. At the start of the Grace Period, we will notify you and any assignee of record at the last known address. The notice will state the due date and the amount of premium required for your policy to remain In Force. A minimum of the monthly charges not deducted plus three times the monthly deduction due when the insufficiency occurred, plus Premium Load, must be paid. There is no penalty for paying a premium during the Grace Period. Your policy will remain In Force during the Grace Period. If sufficient premium is not paid by the end of the Grace Period, a lapse will occur. Thirty-one days prior to lapse, we will send you and any assignee of record a notice containing the lapse date and the required premium to keep your policy In Force. If the Survivor Insured dies during the Grace Period, the death benefit will be equal to the death benefit as of the beginning of the Grace Period reduced by any overdue charges. Upon lapse, the policy will terminate with no value. Reinstatement – — If it has not been surrendered, this policy may be reinstated within five years after the end of the Grace Period. To reinstate this policy you must provide us with the following: • a written application; • Evidence of Insurability satisfactory to us; • sufficient premium, after reduction by Premium Load, to cover all Monthly Deductions and policy loan interest due and unpaid during the Grace Period; and • sufficient premium, after reduction by Premium Load, to keep the policy In Force for three months after the date of reinstatement. The effective date of the policy reinstatement will be the Monthly Payment Date on or next following the date we approve your reinstatement application. At reinstatement: • The Net Accumulated Value will be the same as it was at the beginning of the Grace Period. • Surrender charges and policy charges other than Cost of Insurance Charges will resume on their schedule as of the Monthly Payment Date when lapse occurred. • Cost of Insurance Charges will be calculated using Cost of Insurance Rates that resume their original schedule as if lapse had never occurred, reflecting the Insureds’ Ages Insured’s Age at reinstatement and policy duration measured from the original Policy Date. • If there was a policy loan at time of lapse, you may choose to reinstate the policy loan. We recommend you consult your tax advisor before reinstating a policy loan. • If reinstatement occurs on the first Monthly Payment Date after lapse and there was a loan before lapse, we will automatically reinstate the loan unless otherwise requested. • If loan reinstatement is not requested, we will eliminate the loan by reducing the Accumulated Value by the Policy Debt. After the reinstatement premium has been applied, regular policy processing will occur for the period of time when coverage was provided during the Grace Period. There will be no Monthly Deductions between the time of lapse and reinstatement. TRANSFERS Transfers – — After your initial Premium has been allocated according to your instructions you may, upon Written Request, transfer your Accumulated Value, or a part of it, among the Investment Options as provided in this section. No transfer may be made if the policy is in a Grace Period and the Required Premium has not been paid. We reserve the right: • to limit the size of transfers so that each transfer is at least $500; • to limit the frequency of transfers, however at least one transfer per quarter will be allowed; • to require that the remaining balance in any account as a result of a transfer be at least $500; • to assess a charge of $25 for each transfer exceeding 12 per policy year; and • to otherwise waive or reduce the restrictions on transfers described in this section. You may contact us to find out what restrictions are in effect at any time. Transfers To The Fixed Options (from the Variable Accounts) – — You may transfer to the Fixed Options only during the policy month preceding each policy anniversary, subject to the limitations described in the Allocations To The Fixed Options subsection below. Such transfer may be for any amount up to 100% of the Variable Accumulated Value.

Grace Period and Lapse. If the Accumulated Value less Policy Debt on a Monthly Payment Date is sufficient to cover the Monthly Deduction due, the policy will continue In Force. If the Accumulated Value less Policy Debt on a Monthly Payment Date is not sufficient to cover the Monthly Deduction due, a Grace Period of 61 days will be allowed for the payment of sufficient premium to keep your policy In Force. The Grace Period begins on the Monthly Payment Date on which the insufficiency occurred and ends 61 days thereafter. At the start of the Grace Period, we will notify you and any assignee of record at the last known address. The notice will state the due date and the amount of premium required for your policy to remain In Force. A minimum of the monthly charges not deducted plus three times the monthly deduction due when the insufficiency occurred, plus Premium Load, must be paid. There is no penalty for paying a premium during the Grace Period. Your policy will remain In Force during the Grace Period. If sufficient premium is not paid by the end of the Grace Period, a lapse will occur. Thirty-one At least 15 days and no more than 45 days prior to lapse, we will send you and any assignee of record a notice containing the lapse date and the required premium to keep your policy In Force. If the Survivor Insured dies during the Grace Period, the death benefit will be equal to the death benefit as of the beginning of the Grace Period reduced by any overdue charges. Upon lapse, the policy will terminate with no value. Reinstatement – — If it has not been surrendered, this policy may be reinstated within five years after the end of the Grace Period. To reinstate this policy you must provide us with the following: • a written application; • Evidence of Insurability satisfactory to us; • sufficient premium, after reduction by Premium Load, to cover all Monthly Deductions and policy loan interest due and unpaid during the Grace Period; and • sufficient premium, after reduction by Premium Load, to keep the policy In Force for three months after the date of reinstatement. The effective date of the policy reinstatement will be the Monthly Payment Date on or next following the date we approve your reinstatement application. At reinstatement: • The Net Accumulated Value will be the same as it was at the beginning of the Grace Period. • Surrender charges and policy charges other than Cost of Insurance Charges will resume on their schedule as of the Monthly Payment Date when lapse occurred. • Cost of Insurance Charges will be calculated using Cost of Insurance Rates that resume their original schedule as if lapse had never occurred, reflecting the Insureds’ Ages Insured’s Age at reinstatement and policy duration measured from the original Policy Date. • If there was a policy loan at time of lapse, you may choose to reinstate the policy loan. We recommend you consult your tax advisor before reinstating a policy loan. • If reinstatement occurs on the first Monthly Payment Date after lapse and there was a loan before lapse, we will automatically reinstate the loan unless otherwise requested. • If loan reinstatement is not requested, we will eliminate the loan by reducing the Accumulated Value by the Policy Debt. After the reinstatement premium has been applied, regular policy processing will occur for the period of time when coverage was provided during the Grace Period. There will be no Monthly Deductions between the time of lapse and reinstatement. TRANSFERS Transfers – — After your initial Premium has been allocated according to your instructions you may, upon Written Request, transfer your Accumulated Value, or a part of it, among the Investment Options as provided in this section. No transfer may be made if the policy is in a Grace Period and the Required Premium has not been paid. We reserve the right: • to limit the size of transfers so that each transfer is at least $500; • to limit the frequency of transfers, however at least one transfer per quarter will be allowed; • to require that the remaining balance in any account as a result of a transfer be at least $500; • to assess a charge of $25 for each transfer exceeding 12 per policy year; and • to otherwise waive or reduce the restrictions on transfers described in this section. You may contact us to find out what restrictions are in effect at any time. Transfers To The Fixed Options (from the Variable Accounts) – — You may transfer to the Fixed Options only during the policy month preceding each policy anniversary, subject to the limitations described in the Allocations To The Fixed Options subsection below. Such transfer may be for any amount up to 100% of the Variable Accumulated Value.

Grace Period and Lapse. If the Accumulated Value less Policy Debt on a Monthly Payment Date is sufficient to cover the Monthly Deduction due, the policy will continue In Forcein force. If the Accumulated Value less Policy Debt on a Monthly Payment Date is not sufficient to cover the Monthly Deduction due, a Grace Period grace period of 61 days will be allowed for the payment of sufficient premium to keep your policy In Forcein force. The Grace Period grace period begins on the Monthly Payment Date on which the insufficiency occurred and ends 61 days thereafter. At the start of the Grace Periodgrace period, we will notify you and any assignee of record at the last known address. The notice will state the due date and the amount of premium required for your policy to remain In Forcein force. A minimum of the monthly charges not deducted plus three times the monthly deduction due when the insufficiency occurred, plus Premium Load, must be paid. There is no penalty for paying a premium during the Grace Periodgrace period. Your policy will remain In Force in force during the Grace Periodgrace period. If sufficient premium is not paid by the end of the Grace Periodgrace period, a lapse will occur. Thirty-one days prior to lapse, we will send you and any assignee of record a notice containing the lapse date and the required premium to keep your policy In Forcein force. If the Survivor Insured dies during the Grace Periodgrace period, the death benefit proceeds will be equal to the death benefit as of the beginning of the Grace Period reduced by any overdue charges. Upon lapse, the policy will terminate with no value. Reinstatement – - If it has not been surrendered, this policy may be reinstated within not more than five years after the end of the Grace Periodgrace period. To reinstate this policy you must provide us with the following: • a A written application; • Evidence of Insurability satisfactory to usInsurability; • sufficient premium, after reduction by Premium Load, Sufficient premium to cover all Monthly Deductions and policy loan interest monthly deductions that were due and unpaid during the Grace Periodgrace period; and plus • sufficient premium, after reduction by Premium Load, Sufficient premium to keep the policy In Force in force for three months after the date of reinstatement. The effective date of the reinstated policy reinstatement will be the first Monthly Payment Date on or next following the date we approve your reinstatement application. At reinstatement: • The Net When this policy is reinstated, the Accumulated Value will be equal to the same as it was at Accumulated Value on the beginning date of lapse subject to the Grace Periodfollowing. • Surrender charges and policy charges other than Cost of Insurance Charges will resume on their schedule as of the Monthly Payment Date when lapse occurred. • Cost of Insurance Charges will be calculated using Cost of Insurance Rates that resume their original schedule as if lapse had never occurred, reflecting the Insureds’ Ages at reinstatement and policy duration measured from the original Policy Date. • If there was a policy loan at time of lapse, you may choose to reinstate the policy loan. We recommend you consult your tax advisor before reinstating a policy loan. • If reinstatement occurs is reinstated on the first Monthly Payment Date after lapse and there was a loan before following lapse, we any Policy Debt on the date of lapse will automatically reinstate also be reinstated. If the loan unless otherwise requested. • If loan reinstatement policy is not requestedreinstated after the first Monthly Payment Date following lapse, we will eliminate the loan by reducing the Accumulated Value will be reduced by the amount of any Policy Debt. After Debt on the reinstatement premium has been applied, regular policy processing will occur for the period of time when coverage was provided during the Grace Period. There will be no Monthly Deductions between the time date of lapse and the Policy debt will be extinguished, except that you may instruct us by Written Request to reinstate the Policy Debt in such case. At reinstatement, the surrender charge will be that in effect at the beginning of the grace period, and will then decrease each policy month thereafter according to the successive month-by-month surrender charges shown in the Policy Specifications pages. TRANSFERS Transfers – - After your initial Net Premium has been allocated according to your instructions and while your policy is in force, you may, upon Written Request, transfer your Accumulated Value, or a part of it, among the Investment Options as provided in this section. No transfer may be made if the policy is in a Grace Period grace period and the Required Premium required premium has not been paid. We reserve the right: • to limit the size of transfers so that each transfer is at least $500; • to limit the frequency of transferstransfers (however, however at least one transfer per quarter will be allowed); • to require that the remaining balance in any account as a result of a transfer be at least $500; • to assess a charge of $25 for each transfer exceeding 12 per policy year; and • to otherwise waive or reduce the restrictions on transfers the transfer provisions described in this section. You may contact us to find out what restrictions are in effect at any time. Transfers To The Fixed Options (from the Variable Accounts) – You may transfer to the Fixed Options only during the policy month preceding each policy anniversary, subject to the limitations described in the Allocations To The Fixed Options subsection below. Such transfer may be for any amount up to 100% of the Variable Accumulated Value.

Grace Period and Lapse. If the Accumulated Value less Policy Debt on a Monthly Payment Date is sufficient to cover the Monthly Deduction due, the policy will continue In Forcein force. If the Accumulated Value less Policy Debt on a Monthly Payment Date is not sufficient to cover the Monthly Deduction due, a Grace Period grace period of 61 days will be allowed for the payment of sufficient premium to keep your policy In Forcein force. The Grace Period grace period begins on the Monthly Payment Date on which the insufficiency occurred and ends 61 days thereafter. At the start of the Grace Periodgrace period, we will notify you and any assignee of record at the last known address. The notice will state the due date and the amount of premium required for your policy to remain In Forcein force. A minimum of the monthly charges not deducted plus three times the monthly deduction due when the insufficiency occurred, plus Premium Load, must be paid. There is no penalty for paying a premium during the Grace Periodgrace period. Your policy will remain In Force in force during the Grace Periodgrace period. If sufficient premium is not paid by the end of the Grace Periodgrace period, a lapse will occur. Thirty-one days prior to lapse, we will send you and any assignee of record a notice containing the lapse date and the required premium to keep your policy In Forcein force. If the Survivor Insured dies during the Grace Periodgrace period, the death benefit proceeds will be equal to the death benefit as of the beginning of the Grace Period reduced by any overdue charges. Upon lapse, the policy will terminate with no value. Reinstatement – If it has not been surrendered, this policy may be reinstated within not more than five years after the end of the Grace Periodgrace period. To reinstate this policy you must provide us with the following: • a · A written application; • · Evidence of Insurability satisfactory to usInsurability; • sufficient premium, after reduction by Premium Load, · Sufficient premium to cover all Monthly Deductions and policy loan interest monthly deductions that were due and unpaid during the Grace Periodgrace period; and • sufficient premium, after reduction by Premium Load, plus · Sufficient premium to keep the policy In Force in force for three months after the date of reinstatement. The effective date of the reinstated policy reinstatement will be the first Monthly Payment Date on or next following the date we approve your reinstatement application. At reinstatement: • The Net When this policy is reinstated, the Accumulated Value will be equal to the same as it was at Accumulated Value on the beginning date of lapse subject to the Grace Periodfollowing. • Surrender charges and policy charges other than Cost of Insurance Charges will resume on their schedule as of the Monthly Payment Date when lapse occurred. • Cost of Insurance Charges will be calculated using Cost of Insurance Rates that resume their original schedule as if lapse had never occurred, reflecting the Insureds’ Ages at reinstatement and policy duration measured from the original Policy Date. • If there was a policy loan at time of lapse, you may choose to reinstate the policy loan. We recommend you consult your tax advisor before reinstating a policy loan. • If reinstatement occurs is reinstated on the first Monthly Payment Date after lapse and there was a loan before following lapse, we any Policy Debt on the date of lapse will automatically reinstate also be reinstated. If the loan unless otherwise requested. • If loan reinstatement policy is not requestedreinstated after the first Monthly Payment Date following lapse, we will eliminate the loan by reducing the Accumulated Value will be reduced by the amount of any Policy Debt. After Debt on the reinstatement premium has been applied, regular policy processing will occur for the period of time when coverage was provided during the Grace Period. There will be no Monthly Deductions between the time date of lapse and the Policy Debt will be extinguished, except that you may instruct us by Written Request to reinstate the Policy Debt in such case. At reinstatement, the surrender charge will be that in effect at the beginning of the grace period, and will then decrease each policy month thereafter according to the successive month-by-month surrender charges shown in the Policy Specifications pages. TRANSFERS Transfers Transfers– After your initial Net Premium has been allocated according to your instructions and while your policy is in force, you may, upon Written Request, transfer your Accumulated Value, or a part of it, among the Investment Options as provided in this section. No transfer may be made if the policy is in a Grace Period grace period and the Required Premium required premium has not been paid. We reserve the right: • · to limit the size of transfers so that each transfer is at least $500; • · to limit the frequency of transferstransfers (however, however at least one transfer per quarter will be allowed); • · to require that the remaining balance in any account as a result of a transfer be at least $500; • · to assess a charge of $25 for each transfer exceeding 12 per policy year; and • · to otherwise waive or reduce the restrictions on transfers the transfer provisions described in this section. You may contact us to find out what restrictions are in effect at any time. Transfers To The Fixed Options (from the Variable Accounts) – You may transfer to the Fixed Options only during the policy month preceding each policy anniversary, subject to the limitations described in the Allocations To The Fixed Options subsection below. Such transfer may be for any amount up to 100% of the Variable Accumulated Value.

Grace Period and Lapse. If the Accumulated Value less Policy Debt on a Monthly Payment Date is sufficient to cover the Monthly Deduction due, the policy will continue In Forcein force. If the Accumulated Value less Policy Debt on a Monthly Payment Date is not sufficient to cover the Monthly Deduction due, a Grace Period of 61 days will be allowed for the payment of sufficient premium to keep your policy In Forcein force. The Grace Period begins on the Monthly Payment Date on which the insufficiency occurred and ends 61 days thereafter. At the start of the Grace Period, we will notify you and any assignee of record at the last known address. The notice will state the due date and the amount of premium required for your policy to remain In Forcein force. A minimum of the monthly charges not deducted plus three times the monthly deduction due when the insufficiency occurred, plus Premium Load, must be paid. There is no penalty for paying a premium during the Grace Period. Your policy will remain In Force in force during the Grace Period. If the Insured dies during the Grace Period, the Death Benefit will be reduced by any uncollected Monthly Deduction. If sufficient premium is not paid by the end of the Grace Period, a lapse will occur. Thirty-one days prior to lapse, we will send you and any assignee of record a notice containing the lapse date and the required premium to keep your policy In Forcein force. If the Survivor Insured dies during the Grace Period, the death benefit proceeds will be equal to the death benefit as of the beginning of the Grace Period reduced by any overdue charges. Upon lapse, the policy will terminate with no value. Reinstatement – — If it has not been surrendered, this policy may be reinstated within not more than five years after the end of the Grace Period. To reinstate this policy you must provide us with the following: • a A written application; • Evidence of Insurability satisfactory to us; • sufficient premium, after reduction by Premium Load, Sufficient premium to cover all Monthly Deductions and policy loan interest monthly deductions that were due and unpaid during the Grace Period; and plus • sufficient premium, after reduction by Premium Load, Sufficient premium to keep the policy In Force in force for three months after the date of reinstatement. We will deduct a Premium Load from the premium you pay to reinstate your Policy. The effective date of the reinstated policy reinstatement will be the first Monthly Payment Date on or next following the date we approve your reinstatement application. At reinstatement: • The , the Net Accumulated Value and the Surrender Charge will be the same as it was at the beginning of the Grace Period. • The Surrender charges and policy charges other than Cost of Insurance Charges Charge will resume then decrease on their schedule as of the Monthly Payment Date when lapse occurred. • Cost of Insurance Charges will be calculated using Cost of Insurance Rates that resume their original same schedule as if lapse had never occurred, reflecting the Insureds’ Ages at reinstatement and policy duration measured from the original Policy Date. • If there was a policy loan at time of lapse, you may choose to reinstate the policy loan. We recommend you consult your tax advisor before reinstating a policy loan. • If reinstatement occurs on the first Monthly Payment Date after The Coverage Charge will be reinstated as if lapse and there was a loan before lapse, we will automatically reinstate the loan unless otherwise requested. • If loan reinstatement is not requested, we will eliminate the loan by reducing the Accumulated Value by the Policy Debt. After the reinstatement premium has been applied, regular policy processing will occur for the period of time when coverage was provided during the Grace Periodhad never occurred. There will be no Monthly Deductions charged between the time of lapse and reinstatement. TRANSFERS Transfers – After your initial Premium has been allocated according to your instructions you may, upon Written Request, transfer your Accumulated Value, or a part of it, among the Investment Options as provided in this section. No transfer may be made if If the policy is in a Grace Period and reinstated on the Required Premium has not been paidfirst Monthly Payment Date following lapse, any Policy Debt on the date of lapse will also be reinstated. We reserve If the right: • to limit policy is reinstated after the size first Monthly Payment Date following lapse, any Policy Debt outstanding on the date of transfers so that each transfer is at least $500; • to limit the frequency of transfers, however at least one transfer per quarter lapse will be allowed; • extinguished, except that you may instruct us by Written Request to require that reinstate the remaining balance Policy Debt in any account as a result of a transfer be at least $500; • to assess a charge of $25 for each transfer exceeding 12 per policy year; and • to otherwise waive or reduce the restrictions on transfers described in this sectionsuch case. You may contact us to find out what restrictions are in effect at any time. Transfers To The Fixed Options (from the Variable Accounts) – You may transfer to the Fixed Options only during the policy month preceding each policy anniversary, subject to the limitations described in the Allocations To The Fixed Options subsection below. Such transfer may be for any amount up to 100% of the Variable Accumulated Value.