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FORM N-6, ITEM 26(d)
CONTRACTS
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American United Life Insurance Company(R)
[One American Square
Indianapolis, IN 46206]
GUARANTEED INSURABILITY 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 the Rider Specifications Page. The rider's provisions shall control when
there is a conflict between this rider and the policy.
Definitions
Insured - As used in this rider, the Insured is the same as the Insured for the
policy.
Option Date - The date you are eligible to increase the Base Face Amount of
insurance of the policy to which this rider is attached. The maximum amount of
insurance you may choose to increase on an Option Date is shown on the Rider
Specifications Page.
Benefit
You have the option to increase the Base Face Amount of insurance under the
policy without evidence of insurability or change in premium class. The option
may be exercised on each Option Date while this rider is in force subject to the
following conditions:
(1) You must send us a written application for the increase during the 90
days before the Option Date. If you exercise an alternative Option
Date, proof of marriage, birth, adoption, or mortgage giving rise to
the option must accompany the application.
(2) The increase in Base Face Amount may be any amount that does not
exceed the amount you selected at the time of application, as shown on
the Rider Specifications Page. However, aggregate increases in Base
Face Amount due to the exercise of options under this rider cannot
exceed the amount shown on the Rider Specification Page.
(3) The increase will take effect on the Option Date. If you exercise an
alternative Option Date, we will cancel the next regular Option Date
not previously cancelled.
(4) If a Waiver of Monthly Deductions Disability Rider is attached to the
policy, it will apply to the increase in the Base Face Amount. If we
are waiving Monthly Deductions for the policy on the Option Date, we
will automatically increase the Base Face Amount by the option amount
and waive the Monthly Deductions applicable to the increase for as
long as we waive the Monthly Deductions for the policy.
(5) If the Insured is not the Owner of the policy, the Insured must agree
in writing to the increase.
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(6) A new Required Premium for the No-Lapse Guarantee for this contract
will be determined for any No-Lapse Guarantee in effect on the
effective date of the increase.
Option Dates
Regular Option Dates occur on each of the Policy Anniversaries on which the
Insured's Attained Age nearest birthday is 22, 25, 28, 31, 34, 37, 40 and 43.
We will allow an alternative Option Date on the third Monthiversary following
the date of:
(1) The Insured's marriage;
(2) The birth of a living child of the Insured;
(3) The legal adoption by the Insured of a child less than 18 years of
age;
(4) Obtaining a new mortgage to purchase a new primary residence. This is
limited to one Option Date per lifetime.
If we have received the written application requesting an increase and the
Insured dies before the Option Date, any additional life insurance benefits
requested will not take effect. Any monthly cost of this rider that was paid
related to that application will be refunded.
Incontestability
This rider will not be contested after it has been in force during the Insured's
lifetime for two (2) years from the Policy Date or the effective date of the
rider, except for non-payment of premium or fraud when permitted by applicable
law in the state where the policy is delivered or issued for delivery.
Nonforfeiture Values
This rider does not have any Account Value, Cash Value, Cash Surrender Value, or
loan value.
Reinstatement
Reinstatement of the policy will reinstate this rider only for the Option Dates
occurring after the date of reinstatement.
Cost of Benefit
The cost for this rider is determined monthly and deducted from the Account
Value of the policy on each Monthiversary until the rider terminates.
The monthly cost factors for this rider are based on the Insured's Age as of the
Policy Date, or the effective date of the rider, and are shown on the Rider
Specifications Page. The monthly cost for this rider is the monthly cost factor
times the amount of the option (in thousands).
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Termination - This rider terminates on the earliest of the following dates:
(1) The Expiry Date is the Policy Anniversary nearest the Insured's 43rd
birthday;
(2) The date that the aggregate limit of increases in Base Face Amount is
reached;
(3) The date the policy is terminated or continued as paid-up or extended
term insurance;
(4) The Monthiversary following the date requested by you in writing;
(5) Upon nonpayment of the monthly cost for the rider; and
(6) Upon expiration of the last Option Date.
Signed for American United Life Insurance Company(R) by,
Xxxxxx X. Xxxxx
Secretary
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