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FORM N-6, ITEM 26(d)
CONTRACTS
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American United Life Insurance Company
[One American Square
Indianapolis, IN 46206]
EXTENDED NO-LAPSE
GUARANTEE RIDER
This rider is a part of the policy to which it is attached. The Policy Date of
this rider is the same as the Policy Date of the policy unless otherwise stated
on page 3. Should any provisions in the policy conflict with this rider, the
provisions of the rider shall control. While this rider is in effect, we reserve
the right to restrict availability of certain Investment Accounts.
Benefit - This rider extends the No-Lapse Guarantee Period of your policy as
shown on the Rider Specifications Page. If this rider is in effect after the end
of the No-Lapse Guarantee Period of the policy and then during the Extended
No-Lapse Guarantee Period provided by this rider, and if the cash surrender
value is insufficient to pay the Monthly Deduction, then your policy will remain
in force and will not begin the Grace Period provided the policy satisfies the
Extended No-Lapse Guarantee Test as set forth below. While the policy is being
maintained under the Extended No-Lapse Guarantee any charges which are unable to
be deducted will be waived.
Your Policy Values at the end of the Extended No-Lapse Guarantee Period may be
insufficient to keep this policy in force unless an additional payment is made.
We will notify you of the amount of the required additional payment.
Extended No-Lapse Guarantee Test- Your policy will satisfy this test if on any
Monthiversary where the Grace Period would normally begin in the absence of this
rider, the sum of the premiums paid to date, less any Partial Surrenders and any
outstanding loan and loan interest, equals or exceeds the sum of the monthly
Required Premiums for the Extended No-Lapse Guarantee since the Policy Date to
the date of the test. If the Credit of Premium Disability Rider is included in
the policy, for purposes of calculating the premiums under the test, any
premiums that have been credited while the Insured was totally disabled will be
included in the test.
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If this test is failed on a Monthiversary when the Cash Surrender Value is
insufficient to pay the monthly deduction, the Grace Period will begin. The
Grace Period notice will be sent which requests that you pay the lesser of:
(1) the standard Grace Period amount defined in the Termination of the
Policy section; or
(2) the sum of:
(a) The accumulated Required Premiums for the Extended No-Lapse
Guarantee (without interest) since the Policy Date, less
(b) The sum of the premiums received, less any Partial Surrenders and
any outstanding loans and loan interest to the end of the Grace
Period, plus
(c) Required Premiums for the Extended No-Lapse Guarantee for the
Grace Period.
Required Premium for the Extended No-Lapse Guarantee - The Required Premium for
the Extended No-Lapse Guarantee is shown as a monthly amount on the Rider
Specifications Page of the policy. This amount may change if any of the
following changes occur under your policy while this rider is in effect:
(1) you add, terminate or change a rider;
(2) you change the Death Benefit Option under your policy;
(3) there is a change in the Base Face Amount or the Supplemental Face
Amount of the policy; or
(4) there is a change in the Insured's risk classification.
We will inform you of any change to the Required Premium for the Extended
No-Lapse Guarantee which results from any of the above mentioned changes. The
revised premium amount will be effective from the date of the change. For the
purpose of performing the Extended No-Lapse Guarantee Test, we will use the
Required Premiums for the Extended No-Lapse Guarantee in effect as of the Policy
Date up to the date of the change, including any revised premiums in effect as
of the date of a prior change.
Rider Charge - The charge for this rider is included as part of the Monthly
Deduction under your policy. It is shown on the Rider Specifications Page of the
policy.
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Termination - This rider terminates at the earliest of:
(1) the end of the Extended No-Lapse Guarantee Period as shown on the
Rider Specifications page of the Policy Data Page;
(2) the end of the Grace Period for which you have not paid the amount
necessary to continue the policy in force;
(3) the date your policy terminates;
(4) the date we receive your written request for termination of this
rider.
This rider cannot be reinstated after it terminates.
Signed for American United Life Insurance Company(R) by,
Xxxxxx X. Xxxxx
Secretary
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