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EX99.A5S
MINNESOTA LIFE INDIVIDUAL POLICY RIDER (WAIVER AGREEMENT)
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Minnesota Life Insurance Company . ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ . ▇▇.
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GENERAL INFORMATION
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This is issued in consideration of your application and the timely payment of
the additional required premium. The provisions summarized in this rider are
subject in every respect to the policy and amendments thereto.
WHAT DOES THE WAIVER OF DEDUCTION BENEFIT PROVIDE?
If you become totally and permanently disabled, as hereinafter defined, while
under age 60, upon receipt of due proof of such disability, your insurance
(including all applicable riders) under the policy will be continued in force,
subject to the following provisions and without payment of premiums for you
during the uninterrupted continuance of such total and permanent disability.
WHAT IS "TOTAL" DISABILITY?
Total disability is a disability which occurs while your insurance in force and
results from an accidental injury or a disease that continuously prevents you
from engaging in an occupation. You must be under the care of a licensed
physician other than yourself. During the first 24 months of total disability,
"occupation" means your regular occupation. After 24 months, it means any
occupation for which you are reasonably fitted by education, training or
experience.
Your total and irrevocable loss of the following shall be considered total
disability even if you engage in any occupation:
1. the sight of both eyes; or
2. the use of both hands; or
3. the use of both feet; or
4. the use of one hand and one foot.
WHAT IS "PERMANENT" DISABILITY?
Total disability will be considered permanent only after it has existed
continuously for at least six months.
HOW LONG WILL INSURANCE BE CONTINUED?
If you become totally and permanently disabled, insurance will be continued:
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1. until your 95th birthday; or
2. until the date you are no longer totally and permanently disabled; or
3. until the date you terminate or surrender your insurance;
whichever occurs first.
WHAT WILL BE CONSIDERED DUE PROOF OF DISABILITY?
You must furnish evidence satisfactory to us that your total disability:
1. commenced while insurance n your life under the policy was in force; and
2. commenced before your 60th birthday; and
3. was continuous for six months or more.
We will, from time to time, also require additional proof satisfactory to us
that you continue to be totally and permanently disabled. We may also require
you to submit to one or more medical examinations at our expense. However, we
will not require a medical examination of you more frequently than once a year
if the total disability has continued for two years.
ARE THERE ANY LIMITATIONS?
This benefit will not be effective if your total disability results directly
from intentionally self-inflicted injuries or from an act of war while you are
serving in the military, naval or air forces of any country at war, declared or
undeclared.
WHEN MUST WE BE NOTIFIED?
We must receive written notice of your total disability at our home office:
1. while you are living and totally disabled; and
2. not later than one year after the termination of your insurance under the
policy; and
3. within one year of the date you request as the date for the commencement of
this benefit.
However, the failure to give this notice within the time provided will not
invalidate the claim if it is shown that notice was given as soon as reasonably
possible.
WHAT IS YOUR COST FOR THIS BENEFIT?
Your cost for this benefit is shown on the specifications page attached to your
policy.
WHAT IF YOUR INSURANCE UNDER THE POLICY LAPSES?
If your insurance lapses before notice of your total and permanent disability is
received at our home office, your insurance will be continued only if the notice
is received within one year after your insurance lapses. Also, the total
disability must have commenced prior to the date the net cash value became zero
or during the grace period allowed.
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WHEN IS THE BENEFIT UNDER THIS AGREEMENT INCONTESTABLE?
This agreement is subject to the incontestability provision of the policy for
each insured.
CAN INSURANCE THAT WAS CONTINUED UNDER THIS AGREEMENT BE CONVERTED?
Yes. Insurance under the policy may be converted as set for in your policy
during the insrued's lifetime and within 31 days after the insured ceases to be
totally and permanently disabled.
IS THIS BENEFIT RETROACTIVE?
Yes. The cost of insurance, cost of riders, and administration fees falling due
before we approve the insured's total disability claim will be deducted from
your account value. If the claim is approved, those charges which were deducted
after the insured became totally and permanently disabled will be credited to
your account value.
WILL YOUR ACCOUNT BE CREDIT WITH PREMIUM CONTRIBUTIONS AS A RESULT OF THIS
BENEFIT?
No. Except for interest which accrues on the account value, the account value
will not increase while insurance is being continued under this agreement.
Nothing contained herein will prohibit you from paying premiums.
This agreement is effective as of the policy date.
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Secretary President
MHC-94-18688 Minnesota Life 3
