OPTION TO PURCHASE
ADDITIONAL INSURANCE RIDER
In this rider, "we", "our" and "us" mean The Equitable of Colorado, Inc. "You"
and "your" mean the owner of the policy at the time an owner's right is
exercised.
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You may buy new insurance policies on the life of the Insured under Options A, B
and C, subject to the terms of this rider. We will not ask for evidence of
insurability, except as stated in Option B and except where required for
additional benefit riders. The consent of the Insured is required.
OPTION AMOUNT. This amount is shown on page 3 of the policy or on the Additional
Benefits Rider if this rider is added after issue of the policy.
THIS RIDER'S COST. While this rider is in effect, its charge will be a part of
the monthly deduction from the Policy Account. The maximum monthly charge for
this benefit is shown in the Table of Maximum Monthly Charges For Benefits on
Page 4 of the policy.
OPTION A -- REGULAR OPTION (AVAILABLE ON OPTION DATES). You may buy a new policy
with a face amount up to the Option Amount on each of the Option Dates that
applies to the Insured while this rider is in effect. These dates are the policy
anniversaries after issue of this rider on which the Insured's age at nearest
birthday is 22, 25, 28, 31, 34, 37 and 40. The number of Option Dates available
depends on the Insured's age at issue of this rider.
You must submit an application for the new policy and pay its first premium on
or within 60 days before the Option Date. The new policy will not take effect
until the Option Date, which will be its Register Date.
OPTION B -- ALTERNATIVE OPTION (AVAILABLE INSTEAD OF NEXT REGULAR OPTION).
Within three years before an Option Date specified in Option A and while this
rider is in effect, you may buy a new policy on the life of the Insured with a
face amount up to the Option Amount. You may do this only if evidence of
insurability satisfactory to us is furnished.
We will issue the new policy with a current Register Date and at a premium rate
based on the same rating class as applies to this rider if the following
condition is met. We must be satisfied that the Insured then qualifies for a
permanent plan of life insurance policy, with premiums payable for life and at a
premium rate not more than 150% of the premium rate then in effect for that
policy at the same class of risk as under this rider.
You must submit an application for the new policy and pay its first premium
while the Insured is living. Any purchase under this option automatically
cancels the regular option on the next Option Date.
OPTION C -- BIRTH OR ADOPTION OF A CHILD. You may also buy a new policy on the
life of the Insured if a live birth of a child of the Insured or a legal
adoption of a child by the Insured occurs while this rider is in effect. Its
face amount may be up to the Option Amount. In the case of multiple live births,
its face amount may be up to the Option Amount times the number of live births.
You must submit an application for the new policy and pay its first premium
within 90 days after the birth or adoption while this rider is in effect. The
new policy will not take effect until its Register Date. This date will be the
earlier of: (1) the 90th day after the date of birth or adoption; or (2) the day
after this rider terminates. We may require evidence of birth or adoption.
TEMPORARY INSURANCE UPON BIRTH OR ADOPTION. We will provide temporary insurance
on the life of the Insured starting on the date of the live birth of a child of
the Insured or legal adoption of the child by the Insured, if this rider is then
in effect. If the Insured dies before the 90th day following such date and while
this rider is in effect, we will pay an amount equal to the Option Amount upon
receipt of proof of death. In the case of multiple births, we will pay the
Option Amount times the number of live births. We will include this amount with
the other insurance benefits of this policy.
THE NEW POLICY. You may choose that the new policy be on any permanent plan of
insurance for which it qualifies under our rules in effect on its Register Date
as to plan, amount, age and class of risk. You may not choose a policy of term
insurance, a policy which includes term insurance, or one that provides
insurance on more than one life. Premiums will be at our rate then in effect for
the Insured's attained insurance age and for the same class of risk as under
this rider.
The new policy may contain an Accidental Death Benefit rider if such a rider is
then in effect under this policy. The amount of its benefit may not be more than
the face amount of the new policy. The new policy may also contain a Disability
Waiver of premium or monthly deductions rider if such a rider is then in effect
under this policy. Otherwise, inclusion of an additional benefit rider will
require our consent and evidence of insurability satisfactory to us. The new
policy may not contain an Option to Purchase Additional Insurance.
R94-204 Option to Purchase Additional Insurance Rider (continued on back)
TERMINATION. This rider will no longer be in effect:
1. on and after the policy anniversary nearest the Insured's 40th birthday
(except as to any Regular Option then available);
2. if the insurance under the policy terminates.
You may terminate this rider on any premium due date by asking for this in
writing.
GENERAL. This rider is a part of the policy. Its benefits are subject to all of
the terms of this rider and the policy.
The Suicide Exclusion and Incontestability provisions of the policy apply to
this rider. However, if this rider is added after the policy is issued, the
periods referred to in them are measured for this rider from its Date of Issue
as shown on the Additional Bene its Rider.
THE EQUITABLE OF COLORADO, INC.
/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇ /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇,
Vice President & Secretary Chairman & Chief Executive Officer
R94-204
