Group Term Life Policy Amendment #7R

Transcription

1 Group Term Life Policy Amendment #7R Minnesota Life Insurance Company - A Securian Company 400 Robert Street North St. Paul, Minnesota To be attached to and made a part of Group Policy No G issued by Minnesota Life Insurance Company to BERKSHIRE HATHAWAY INC., issued for plan sponsor BERKSHIRE HATHAWAY ENERGY, Plan Sponsor No G. This amendment is effective as of January 1, Continued payment of premiums shall constitute acceptance of the conditions stated in this amendment. The following clerical corrections are made to the Group Term Life Insurance Policy: 1. A correction has been made to page E of the Group Policy Specifications Page under the Age Requirements section. Coverage member has been corrected to read covered member. 2. All references to class 3 have been removed from page 2 of the Group Term Life Certificate of Insurance. As a result, the definition of annual benefits salary shown under the Definitions section of the Group Term Life Insurance Policy has been amended to read as follows: annual benefits salary for all employees Annual benefits salary means the annual income from the Plan Sponsor in effect just prior to the date of loss. It includes the total income before taxes and any deductions made for pre-tax contributions to a qualified deferred compensation plan, Sections 125 plan, or flexible spending account. 3. All references to domestic partner have been removed from the policy. As a result of these changes: The Group Policy Specifications Page effective May 1, 2013, Rev is replaced in its entirety with the attached Group Policy Specifications Page effective May 1, 2013, revised June 15, The Dependent Term Life Insurance Rider EdF67962 Rev is replaced in its entirety with the Dependents Term Life Insurance Rider EdF Agreed to by Minnesota Life Insurance Company this 16th day of June, By JLM Second Vice President G/7R Policy Amendment Minnesota Life 1

2 GROUP POLICY SPECIFICATIONS PAGE GENERAL INFORMATION POLICYHOLDER: Berkshire Hathaway Inc. POLICY NO.: BH-100 PLAN SPONSOR: Berkshire Hathaway Energy PLAN SPONSOR NO.: G The plan sponsor is an associated company of the policyholder that has been accepted to participate in the overall group policy issued to the policyholder. The plan sponsor shall have all ownership rights to its plan, including the right to terminate its participation in the policy. If a plan sponsor terminates its participation in the policy, the policy shall be deemed terminated with respect to employees of the plan sponsor, and all provisions related to the policy terminating shall apply to such employees. PLAN SPONSOR ASSOCIATED COMPANIES: EFFECTIVE DATE OF PLAN SPONSOR S PARTICIPATION IN THE POLICY: PLAN SPONSOR S ANNIVERSARY DATE: PREMIUM DUE DATE(S): GROUP: All subsidiaries and affiliates of the plan sponsor reported to Minnesota Life by the plan sponsor for inclusion in the plan sponsor s plan under the policy. January 1, This rewritten policy is effective January 1, This specifications page represents the plan in effect as of May 1, 2013, as revised on June 16, January 1 of each year beginning January 1, The first day of each month. The group is composed of regular full-time and part-time employees classified as follows: Class 1 Class 2 Class 4 Class 5 Class 6 Non-Represented Employees of MidAmerican Energy Union employees as follows: (a) Cordova Local 109 (b) IBEW Locals 109 and 499 (c) 499 Ft. Madison (d) USW Local 738 CalEnergy Employees Kern River Employees Northern Natural Gas Employees ENROLLMENT PERIOD: WAITING PERIOD: Not applicable for noncontributory insurance; 31 days from the first day of eligibility for contributory insurance. Class 1, 2, 4, 5 and 6: None MINIMUM HOURS PER ANNUM REQUIRED: Classes 1, 2, 4, 5 and 6: 1,000 scheduled hours per annum. F. MHC A

3 PLAN OF INSURANCE EMPLOYEE BENEFIT SCHEDULE EMPLOYEE TERM LIFE INSURANCE: Basic Life Insurance Eligible Class Classes 1, 4, 5 and 6 Class 2 (a) Cordova Local 109 (b) IBEW Locals 109 and 499, and (c) 499 Ft. Madison (d) USW Local 738 Amount of Insurance* One times annual benefits salary, rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. One times annual benefits salary, rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. One and one-half times annual benefits salary, multiplied first, then rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. One times annual benefits salary, rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. * The closed group of three executives shall be grandfathered with a basic life amount of insurance of $50,000. Employees in classes 1, 4, 5 and 6: basic life insurance amounts will be continued for employees on newly approved long-term disability for a period of 24 months. After 24 months, the employee s basic amount of insurance will be reduced to $10,000. Supplemental Life Insurance An amount elected by the employee from the following options: Eligible Class Classes 1, 2 (a), 4, 5 and 6 Class 2 (b) IBEW Locals 109 and 499; and (c) 499 Ft. Madison; and (d) USW Local 738 Amount of Insurance One, two, three or four times annual benefits salary, multiplied first and then rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. One, two or three times annual benefits salary, multiplied first and then rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. F. MHC B

4 RETIREE LIFE INSURANCE GROUP: Retirees are classified as follows: Classes 1 All employees of MidAmerican Energy Company who were retired by the Policyholder on or before December 31, 1999 and who have, as part of their retirement benefits, continued their non-contributory basic life and supplemental life coverages. Class 2 Class 3 Class 4 Class 5 Class 6 All employees of MidAmerican Energy Company who were retired by the Policyholder on or before March 1, 2000 and who have, as part of their retirement benefits, continued their non-contributory basic life and contributory supplemental life coverages. All employees of NNG who were retired by the Policyholder prior to August 12, All employees of MidAmerican Energy Company who were retired by the Policyholder on or after January 1, 2000, but prior to July 1, All non-union employees of MidAmerican Energy Company who were hired by the Policyholder prior to July 1, 2004 and retired on or after July 1, The maximum amount of coverage is $10,000. All union employees of MidAmerican Energy Company who were retired by the Policyholder on or after July 1, Eligible Class All Retirees AGE REDUCTIONS FOR RETIREES: Amount of Insurance The amount of insurance as reported to us by the Policyholder. The maximum amount for retirees in Class 5 is $10,000. The amount of insurance on a retiree age 70 or older shall be a percentage of the amount otherwise provided by the plan of insurance applicable to such retiree in accordance with the following table: Age of Retiree Amount of Insurance % 75 and over 50% Age reductions will apply the first day of the month following an insured retiree s 70 th and 75 th birthdays. CONTRIBUTORY/NONCONTRIBUTORY: Retiree coverage is non-contributory, except for retirees in Class 2, supplemental life coverage is contributory. GENERAL PROVISIONS FOR EMPLOYEE INSURANCE CONTRIBUTORY/NONCONTRIBUTORY: GUARANTEED ISSUE AMOUNT: Basic insurance is noncontributory insurance; supplemental insurance is contributory insurance. Guaranteed issue is the maximum amount of insurance an employee can receive without evidence of insurability when first eligible under the plan provided enrollment is made within the enrollment period. The amounts are as follows: F. MHC C For basic insurance: All basic insurance is guaranteed issue. For supplemental insurance: For employees in an eligible class immediately prior to the effective date of the plan sponsor s participation in this policy: An amount equal to the amount of contributory insurance for which

5 the employee was insured under the prior carrier s group policy on the day immediately preceding the effective date of the plan sponsor s participation in this policy. For employees who first become eligible after the effective date of the plan sponsor s participation in this policy: The lesser of two times annual benefits salary or $500,000. EVIDENCE OF INSURABILITY: EFFECTIVE DATE OF INCREASES AND DECREASES DUE TO CHANGE IN ELIGIBLE CLASS OR EARNINGS: Evidence of insurability is required as stated in the policy and for an amount of insurance greater than the guaranteed issue amount. The later of the date of the change in eligible class or earnings or the date any required evidence of insurability is approved by us. Increases resulting in an amount of insurance over the guaranteed issue amount shown above will require evidence of insurability the first time the amount is over the guaranteed issue limit. All subsequent increases will not require evidence of insurability. All increases are subject to the actively at work requirement. DEPENDENTS TERM LIFE INSURANCE: DEPENDENTS BENEFIT SCHEDULE Spouse Life Insurance: An employee may elect one of the following spouse life coverage amounts: Eligible Class Amount of Life Insurance Option 1 Option 2 Option 3 Option 4* Spouses $15,000 $30,000 $60,000 $120,000 * Option 4 is not available for employees in Class 2 2(b), 2(c) and 2(d). Child Life Insurance: An employee may elect one of the following child life coverage amounts: Eligible Class 1/1/2013 to 5/1/2013 Children Live birth to age 14 days Age 14 days and older As of 5/1/2013 Children Amount of Life Insurance* Option 1 Option 2 Option 3 $1,000 $ 1,000 $ 1,000 $5,000 $10,000 $15,000 Option 1 Option 2 Option 3 $5,000 $10,000 $15,000 * Child life insurance coverage is subject to a maximum of 100% of the employee s amount of insurance. GENERAL PROVISIONS FOR DEPENDENTS INSURANCE AGE REQUIREMENTS: Children are eligible from live birth (stillborn and unborn children are not eligible), but have not attained the age of 19, or have not attained the age of 25 if a full-time student in an accredited educational institution. Employees in Class 5 may elect dependent coverage for their dependent children to age 24 without the full-time student provision. F. MHC D Coverage for dependent children who are physically or mentally disabled will be continued beyond the maximum age for a dependent child who is incapable of self-support because of developmental disability or physical handicap and is dependent on the employee for primary support. The disability must have existed before the child was age 19 (or age 24 for employees in Class 5) or while the child was a full-time student under age 25, and the dependent must have had continuous coverage without a break in coverage since the child turned age 19 or while the child was a full-time student under age 25.

6 Coverage will continue as long as the eligible dependent child is incapacitated unless coverage is otherwise terminated in accordance with the terms of the plan. The employee will be asked to furnish proof of the child s incapacity and dependency within 31 days of the date coverage would end because the child reached the age limitation of being a dependent. The covered member may be asked for proof that the child continues to meet these conditions of incapacity and dependency. A covered member will not be asked for this information more than once a year. If information on the child s incapacity and dependency is not provided within 31 days of a request, coverage for that child will end. CONTRIBUTORY/NONCONTRIBUTORY: GUARANTEED ISSUE AMOUNT: Dependents insurance is contributory insurance. Guaranteed issue is the maximum amount of insurance an eligible dependent can receive without evidence of insurability when first eligible under the plan provided enrollment is made within the enrollment period. The amounts are as follows: For employees with eligible dependents immediately prior to the effective date of the plan sponsor s participation in this policy, the guaranteed issue amount is equal to the amount of dependents insurance for which they were insured under the prior group policy. For employees who first become eligible for dependents insurance after the effective date of the plan sponsor s participation in this policy, the guaranteed issue amount is as follows: For spouse insurance: $60,000 For child insurance: All child coverage is guaranteed issue. EVIDENCE OF INSURABILITY: Evidence of insurability is required as stated in the policy and for an amount of insurance greater than the guaranteed issue amount. ADDITIONAL INFORMATION SUICIDE EXCLUSION FOR LIFE INSURANCE: WAIVER OF PREMIUM APPLICATION: ANNUAL ENROLLMENTS: Applies only to employee supplemental life and spouse and child life insurance under this plan. Applies to contributory and noncontributory union employee insurance. Each year, an employee enrolled in the supplemental life plan may elect to increase his or her coverage by one level (an additional one times annual benefits salary) up to the guaranteed issue limit shown under the General Provisions for Employee Insurance section without having to provide evidence of insurability, provided the employee has not previously been denied coverage due to failure to provide satisfactory evidence of insurability. Actively at work provisions apply. Such an increase shall become effective the following January 1. F. MHC E Each year, an employee enrolled in the spouse life plan may elect to increase his or her spouse coverage by one level up to the guaranteed issue limit shown under the General Provisions for Dependents Insurance section without having to provide evidence of insurability, provided the spouse has not previously been denied coverage due to failure to provide satisfactory evidence of insurability. Actively at work provisions apply. Such an increase shall become effective the following January 1. Each year, an employee enrolled in child life may elect any child life amount. Coverage will be effective on the January 1 following the annual enrollment,

7 subject to the actively at work requirements for employees and the hospitalization/confinement clause for dependents FAMILY STATUS CHANGE: An employee who is not enrolled in the supplemental plan and who experiences a Family Status Change may elect to add his or her supplemental insurance by two levels (an additional two times annual benefits salary) up to the guaranteed issue limit shown under the General Provisions for Employee Insurance section without having to provide evidence of insurability, provided the employee has not previously been declined coverage due to failure to provide satisfactory evidence of insurability. The election for the new amount must be made within 30 days of the Family Status Change. RIDER(S) TO THE GROUP POLICY FOR THIS PLAN SPONSOR An employee who is enrolled in the supplemental plan and who experiences a Family Status Change may elect to increase his or her supplemental insurance by one level (an additional one times annual benefits salary) up to the guaranteed issue limit shown under the General Provisions for Employee Insurance section without having to provide evidence of insurability, provided the employee has not previously been declined coverage due to failure to provide satisfactory evidence of insurability. The election for the new amount must be made within 30 days of the Family Status Change. An employee enrolled in the spouse life plan who experiences a Family Status Change may elect to increase his or her spouse life insurance by one level up to the guaranteed issue limit shown under the General Provisions for Dependents Insurance section without having to provide evidence of insurability, provided the spouse has not previously been denied coverage due to failure to provide satisfactory evidence of insurability. The election for the new amount must be made within 30 days of the Family Status Change. An employee enrolled in the child life plan who experiences a Family Status Change may elect any child life amount. The election for the new amount must be made within 30 days of the Family Status Change. Coverage will be effective on the date of the election, subject to the actively at work requirement for employees and the hospitalization/confinement clause for dependents. Family Status Change means one of the following events: Marriage, divorce or legal separation Birth, adoption or placement for adoption of a child Dependent child becomes or ceases to be eligible Change in a dependent spouse s employment status, either beginning employment or terminating employment Accelerated Benefits Dependents Term Life Portability Applies to all employee and retiree classes Applies to all employee classes Applies to all employee classes Waiver of Premium Applies to classes 2a, 2b, 2c and 2d. F. MHC F

8 Dependents Term Life Insurance Policy Rider Minnesota Life Insurance Company - A Securian Company 400 Robert Street North St. Paul, Minnesota General Information This rider is issued in consideration of the required premium and amends the group policy to which it is attached. The rider is subject to every term, condition, exclusion, limitation, and provision of the group policy unless otherwise expressly provided for herein. Any Accidental Death and Dismemberment coverage provided by a rider to the group policy will not apply to dependents coverage provided by this rider. What does this rider provide? This rider provides insurance on the lives of the insured employee s eligible dependents. What members of the insured employee s family are eligible for insurance under this rider? The following members of the insured employee s family are eligible for insurance under this rider: (1) the insured employee s lawful spouse including a legally separated spouse; and (2) the insured employee s children, who are unmarried, dependent on the insured for financial support, and who meet the age requirements as shown on the specifications page attached to the group policy. Children include the employee s natural offspring, lawfully adopted children, stepchildren, foster children, children who are dependent on the employee for main support and living with the employee in a regular parent-child relationship, any children for whom the employee has legal guardianship and children for whom the employee is required by a Court Order to provide life insurance coverage. Children will be considered adopted on the date of placement in the employee s home. If both parents of a child qualify as eligible employees under the group policy, the child shall be considered a dependent of only one parent for purposes of this rider. If any child qualifies as an eligible employee under the group policy, he or she is not eligible to be insured as a dependent child. Any dependent child who, subsequent to the effective date of the insured employee s child life coverage, meets the requirements of this provision will become insured on the date he or she so qualifies. When will we require evidence of insurability? (1) the specifications page attached to the group policy states that evidence of insurability is required; or (2) the insurance is contributory and the employee does not enroll for coverage under this rider within the enrollment period shown on the specifications page attached to the group policy; or (3) dependents insurance for which the employee previously enrolled did not go into effect or was terminated because the employee failed to make a required premium contribution; or (4) during a previous period of eligibility, the employee failed to submit evidence of insurability that was required for a dependent or that which was submitted was not satisfactory to us; or (5) the dependent is insured by an individual policy issued under the terms of the conversion right of this rider. When does insurance on a dependent become effective? Insurance on a dependent becomes effective on the date when all of the following conditions have been met: (1) the dependent meets all eligibility requirements; and (2) if required, the insured employee applies for dependents coverage on forms which are approved by us; and (3) we are satisfied with the dependent s evidence of insurability, if we require evidence; and (4) we receive the required premium. If a dependent is hospitalized or confined because of illness or disease on the date his or her insurance would otherwise become effective, his or her effective date shall be delayed until he or she is released from such hospitalization or confinement. This does not apply to a newborn child. However, in no event will insurance on a dependent be effective before the insured employee s insurance under the group policy is effective. Death Benefit What is the amount of life insurance on each insured dependent? The amount of life insurance on each insured dependent is shown on the specifications page attached to the group policy. Evidence of insurability will be required if: MHC Minnesota Life 1 EdF

9 To whom will we pay the death benefit? The death benefit payable under this rider will be paid to the insured employee if living, otherwise to his or her estate. Termination When does an insured dependent s coverage under this rider terminate? An insured dependent s coverage ends on the earliest of the following: (1) the date the dependent no longer meets the eligibility requirements; or (2) 31 days (the grace period) after the due date of any premium contribution which is not paid; or (3) the last day for which premium contributions have been made following an employee s written request that insurance on his or her eligible dependents be terminated; or (4) the date the employee is no longer covered under the group policy. The employee must notify us or the employer when a dependent is no longer eligible for coverage under this rider so that premiums may be discontinued. All premiums paid for dependents who are no longer eligible for coverage under this rider will be refunded without any payment of claim. When does this rider terminate? This rider will terminate on the earlier of: (1) the date we receive a written request to cancel this rider; or (2) the date the group policy is terminated. Additional Information What is the conversion right under this rider? If an insured dependent s coverage under this rider terminates because he or she is no longer eligible, or because of the death of the insured employee, or because of termination or amendment of this rider, the insurance may be converted to a policy of individual insurance with Minnesota Life. Conversion may be requested by the insured employee, an insured dependent of legal capacity, or the insured dependent s guardian, if applicable. All other conditions and provisions of the conversion right section of the group policy to which this rider is attached will apply. Do any Waiver of Premium, Extended Benefits, or Total and Permanent Disability riders to the group policy apply to insured dependents? Any Waiver of Premium, Extended Benefits or Total and Permanent Disability rider to the group policy will not apply to dependents covered under this rider except as provided for herein. If, due to the insured employee s disability, his or her insurance is continued in force without further payment of premiums due to any Waiver of Premium, Extended Benefits, or Total and Permanent Disability rider to the group policy, any dependents insurance provided by this rider shall also continue in force without further payment of premiums until the dependent s eligibility terminates or until the insured employee s insurance is no longer continued in force due to any such rider to the group policy. This provision is not applicable if the dependent s insurance has been converted under the conversion right section of this rider, unless the converted policy is surrendered without claim except for refund of premiums. Secretary President MHC Minnesota Life 2 EdF

10 Group Term Life Policy Amendment 6R Minnesota Life Insurance Company - A Securian Company 400 Robert Street North St. Paul, Minnesota To be attached to and made a part of Group Policy No. BH-100 issued by Minnesota Life Insurance Company to BERKSHIRE HATHAWAY INC., issue for Plan Sponsor BERKSHIRE HATHAWAY ENERGY, Plan Sponsor No G. This amendment is effective as of January 1, Continued payment of premiums shall constitute acceptance of the conditions stated in this amendment. The following corrective amendment effective on the policy rewrite date of January 1, 2011 amends the policy as follows: All child life coverage is guaranteed issue regardless of when elected. The Annual Enrollments and Family Status Change sections of the Additional Information section has been modified. As a result, the Policy Specifications Page effective January 1, 2013 amended May 1, 2013 is replaced in its entirety with the Policy Specifications Page effective January 1, 2013, amended May 1, 2013, as revised on May 26, Agreed to by Minnesota Life Insurance Company this 26th day of May, By JLM Second Vice President G/6R Policy Amendment Minnesota Life 1

11 GROUP POLICY SPECIFICATIONS PAGE GENERAL INFORMATION POLICYHOLDER: Berkshire Hathaway Inc. POLICY NO.: BH-100 PLAN SPONSOR: Berkshire Hathaway Energy PLAN SPONSOR NO.: G The plan sponsor is an associated company of the policyholder that has been accepted to participate in the overall group policy issued to the policyholder. The plan sponsor shall have all ownership rights to its plan, including the right to terminate its participation in the policy. If a plan sponsor terminates its participation in the policy, the policy shall be deemed terminated with respect to employees of the plan sponsor, and all provisions related to the policy terminating shall apply to such employees. PLAN SPONSOR ASSOCIATED COMPANIES: EFFECTIVE DATE OF PLAN SPONSOR S PARTICIPATION IN THE POLICY: PLAN SPONSOR S ANNIVERSARY DATE: PREMIUM DUE DATE(S): GROUP: All subsidiaries and affiliates of the plan sponsor reported to Minnesota Life by the plan sponsor for inclusion in the plan sponsor s plan under the policy. January 1, This rewritten policy is effective January 1, This specifications page represents the plan in effect as of May 1, 2013, as revised on May 26, January 1 of each year beginning January 1, The first day of each month. The group is composed of regular full-time and part-time employees classified as follows: Class 1 Class 2 Class 4 Class 5 Class 6 Non-Represented Employees of MidAmerican Energy Union employees as follows: (a) Cordova Local 109 (b) IBEW Locals 109 and 499 (c) 499 Ft. Madison (d) USW Local 738 CalEnergy Employees Kern River Employees Northern Natural Gas Employees ENROLLMENT PERIOD: WAITING PERIOD: Not applicable for noncontributory insurance; 31 days from the first day of eligibility for contributory insurance. Class 1, 2, 4, 5 and 6: None MINIMUM HOURS PER ANNUM REQUIRED: Classes 1, 2, 4, 5 and 6: 1,000 scheduled hours per annum. F. MHC A

12 PLAN OF INSURANCE EMPLOYEE BENEFIT SCHEDULE EMPLOYEE TERM LIFE INSURANCE: Basic Life Insurance Eligible Class Classes 1, 4, 5 and 6 Class 2 (a) Cordova Local 109 (b) IBEW Locals 109 and 499, and (c) 499 Ft. Madison (d) USW Local 738 Amount of Insurance* One times annual benefits salary, rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. One times annual benefits salary, rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. One and one-half times annual benefits salary, multiplied first, then rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. One times annual benefits salary, rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. * The closed group of three executives shall be grandfathered with a basic life amount of insurance of $50,000. Employees in classes 1, 4, 5 and 6: basic life insurance amounts will be continued for employees on newly approved long-term disability for a period of 24 months. After 24 months, the employee s basic amount of insurance will be reduced to $10,000. Supplemental Life Insurance An amount elected by the employee from the following options: Eligible Class Classes 1, 2 (a), 4, 5 and 6 Class 2 (b) IBEW Locals 109 and 499; and (c) 499 Ft. Madison; and (d) USW Local 738 Amount of Insurance One, two, three or four times annual benefits salary, multiplied first and then rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. One, two or three times annual benefits salary, multiplied first and then rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. F. MHC B

13 RETIREE LIFE INSURANCE GROUP: Retirees are classified as follows: Classes 1 All employees of MidAmerican Energy Company who were retired by the Policyholder on or before December 31, 1999 and who have, as part of their retirement benefits, continued their non-contributory basic life and supplemental life coverages. Class 2 Class 3 Class 4 Class 5 Class 6 All employees of MidAmerican Energy Company who were retired by the Policyholder on or before March 1, 2000 and who have, as part of their retirement benefits, continued their non-contributory basic life and contributory supplemental life coverages. All employees of NNG who were retired by the Policyholder prior to August 12, All employees of MidAmerican Energy Company who were retired by the Policyholder on or after January 1, 2000, but prior to July 1, All non-union employees of MidAmerican Energy Company who were hired by the Policyholder prior to July 1, 2004 and retired on or after July 1, The maximum amount of coverage is $10,000. All union employees of MidAmerican Energy Company who were retired by the Policyholder on or after July 1, Eligible Class All Retirees AGE REDUCTIONS FOR RETIREES: Amount of Insurance The amount of insurance as reported to us by the Policyholder. The maximum amount for retirees in Class 5 is $10,000. The amount of insurance on a retiree age 70 or older shall be a percentage of the amount otherwise provided by the plan of insurance applicable to such retiree in accordance with the following table: Age of Retiree Amount of Insurance % 75 and over 50% Age reductions will apply the first day of the month following an insured retiree s 70 th and 75 th birthdays. CONTRIBUTORY/NONCONTRIBUTORY: Retiree coverage is non-contributory, except for retirees in Class 2, supplemental life coverage is contributory. GENERAL PROVISIONS FOR EMPLOYEE INSURANCE CONTRIBUTORY/NONCONTRIBUTORY: GUARANTEED ISSUE AMOUNT: Basic insurance is noncontributory insurance; supplemental insurance is contributory insurance. Guaranteed issue is the maximum amount of insurance an employee can receive without evidence of insurability when first eligible under the plan provided enrollment is made within the enrollment period. The amounts are as follows: F. MHC C For basic insurance: All basic insurance is guaranteed issue. For supplemental insurance: For employees in an eligible class immediately prior to the effective date of the plan sponsor s participation in this policy:

14 An amount equal to the amount of contributory insurance for which the employee was insured under the prior carrier s group policy on the day immediately preceding the effective date of the plan sponsor s participation in this policy. For employees who first become eligible after the effective date of the plan sponsor s participation in this policy: The lesser of two times annual benefits salary or $500,000. EVIDENCE OF INSURABILITY: EFFECTIVE DATE OF INCREASES AND DECREASES DUE TO CHANGE IN ELIGIBLE CLASS OR EARNINGS: Evidence of insurability is required as stated in the policy and for an amount of insurance greater than the guaranteed issue amount. The later of the date of the change in eligible class or earnings or the date any required evidence of insurability is approved by us. Increases resulting in an amount of insurance over the guaranteed issue amount shown above will require evidence of insurability the first time the amount is over the guaranteed issue limit. All subsequent increases will not require evidence of insurability. All increases are subject to the actively at work requirement. DEPENDENTS TERM LIFE INSURANCE: DEPENDENTS BENEFIT SCHEDULE Spouse Life Insurance: An employee may elect one of the following spouse life coverage amounts: Eligible Class Amount of Life Insurance Option 1 Option 2 Option 3 Option 4* Spouses $15,000 $30,000 $60,000 $120,000 * Option 4 is not available for employees in Class 2 2(b), 2(c) and 2(d). Child Life Insurance: An employee may elect one of the following child life coverage amounts: Eligible Class 1/1/2013 to 5/1/2013 Children Live birth to age 14 days Age 14 days and older As of 5/1/2013 Children Amount of Life Insurance* Option 1 Option 2 Option 3 $1,000 $ 1,000 $ 1,000 $5,000 $10,000 $15,000 Option 1 Option 2 Option 3 $5,000 $10,000 $15,000 * Child life insurance coverage is subject to a maximum of 100% of the employee s amount of insurance. GENERAL PROVISIONS FOR DEPENDENTS INSURANCE AGE REQUIREMENTS: Children are eligible from live birth (stillborn and unborn children are not eligible), but have not attained the age of 19, or have not attained the age of 25 if a full-time student in an accredited educational institution. Employees in Class 5 may elect dependent coverage for their dependent children to age 24 without the full-time student provision. F. MHC D Coverage for dependent children who are physically or mentally disabled will be continued beyond the maximum age for a dependent child who is incapable of self-support because of developmental disability or physical handicap and is dependent on the employee for primary support. The disability must have existed before the child was age 19 (or age 24 for employees in Class 5) or while the child was a full-time student under age 25, and the dependent must

15 have had continuous coverage without a break in coverage since the child turned age 19 or while the child was a full-time student under age 25. Coverage will continue as long as the eligible dependent child is incapacitated unless coverage is otherwise terminated in accordance with the terms of the plan. The employee will be asked to furnish proof of the child s incapacity and dependency within 31 days of the date coverage would end because the child reached the age limitation of being a dependent. The coverage member may be asked for proof that the child continues to meet these conditions of incapacity and dependency. A coverage member will not be asked for this information more than once a year. If information on the child s incapacity and dependency is not provided within 31 days of a request, coverage for that child will end. CONTRIBUTORY/NONCONTRIBUTORY: GUARANTEED ISSUE AMOUNT: Dependents insurance is contributory insurance. Guaranteed issue is the maximum amount of insurance an eligible dependent can receive without evidence of insurability when first eligible under the plan provided enrollment is made within the enrollment period. The amounts are as follows: For employees with eligible dependents immediately prior to the effective date of the plan sponsor s participation in this policy, the guaranteed issue amount is equal to the amount of dependents insurance for which they were insured under the prior group policy. For employees who first become eligible for dependents insurance after the effective date of the plan sponsor s participation in this policy, the guaranteed issue amount is as follows: For spouse insurance: $60,000 For child insurance: All child coverage is guaranteed issue. EVIDENCE OF INSURABILITY: SPOUSE/DOMESTIC PARTNER: Evidence of insurability is required as stated in the policy and for an amount of insurance greater than the guaranteed issue amount. Wherever spouse appears within this policy, spouse shall mean spouse/domestic partner. Domestic partner eligibility is defined within the Dependents Term Life Insurance Policy Rider. ADDITIONAL INFORMATION SUICIDE EXCLUSION FOR LIFE INSURANCE: WAIVER OF PREMIUM APPLICATION: ANNUAL ENROLLMENTS: Applies only to employee supplemental life and spouse and child life insurance under this plan. Applies to contributory and noncontributory union employee insurance. Each year, an employee enrolled in the supplemental life plan may elect to increase his or her coverage by one level (an additional one times annual benefits salary) up to the guaranteed issue limit shown under the General Provisions for Employee Insurance section without having to provide evidence of insurability, provided the employee has not previously been denied coverage due to failure to provide satisfactory evidence of insurability. Actively at work provisions apply. Such an increase shall become effective the following January 1. F. MHC E Each year, an employee enrolled in the spouse life plan may elect to increase his or her spouse coverage by one level up to the guaranteed issue limit shown under the General Provisions for Dependents Insurance section without having to provide evidence of insurability, provided the spouse has not previously been

16 denied coverage due to failure to provide satisfactory evidence of insurability. Actively at work provisions apply. Such an increase shall become effective the following January 1. Each year, an employee enrolled in child life may elect any child life amount. Coverage will be effective on the January 1 following the annual enrollment, subject to the actively at work requirements for employees and the hospitalization/confinement clause for dependents FAMILY STATUS CHANGE: An employee who is not enrolled in the supplemental plan and who experiences a Family Status Change may elect to add his or her supplemental insurance by two levels (an additional two times annual benefits salary) up to the guaranteed issue limit shown under the General Provisions for Employee Insurance section without having to provide evidence of insurability, provided the employee has not previously been declined coverage due to failure to provide satisfactory evidence of insurability. The election for the new amount must be made within 30 days of the Family Status Change. An employee who is enrolled in the supplemental plan and who experiences a Family Status Change may elect to increase his or her supplemental insurance by one level (an additional one times annual benefits salary) up to the guaranteed issue limit shown under the General Provisions for Employee Insurance section without having to provide evidence of insurability, provided the employee has not previously been declined coverage due to failure to provide satisfactory evidence of insurability. The election for the new amount must be made within 30 days of the Family Status Change. An employee enrolled in the spouse life plan who experiences a Family Status Change may elect to increase his or her spouse life insurance by one level up to the guaranteed issue limit shown under the General Provisions for Dependents Insurance section without having to provide evidence of insurability, provided the spouse has not previously been denied coverage due to failure to provide satisfactory evidence of insurability. The election for the new amount must be made within 30 days of the Family Status Change. An employee enrolled in the child life plan who experiences a Family Status Change may elect any child life amount. The election for the new amount must be made within 30 days of the Family Status Change. Coverage will be effective on the date of the election, subject to the actively at work requirement for employees and the hospitalization/confinement clause for dependents. Family Status Change means one of the following events: Marriage, divorce or legal separation Birth, adoption or placement for adoption of a child Dependent child becomes or ceases to be eligible Change in a dependent spouse s employment status, either beginning employment or terminating employment RIDER(S) TO THE GROUP POLICY FOR THIS PLAN SPONSOR Accelerated Benefits Dependents Term Life Portability Applies to all employee and retiree classes Applies to all employee classes Applies to all employee classes Waiver of Premium Applies to classes 2a, 2b, 2c and 2d. F. MHC F

17 Group Term Life Policy Amendment 5R Minnesota Life Insurance Company - A Securian Company 400 Robert Street North St. Paul, Minnesota To be attached to and made a part of Group Policy No. BH-100 issued by Minnesota Life Insurance Company to BERKSHIRE HATHAWAY INC., issued for Plan Sponsor MIDAMERICAN ENERGY HOLDINGS COMPANY, Plan Sponsor No G. This amendment is effective as of April 30, Continued payment of premiums shall constitute acceptance of the conditions stated in this amendment. The Policyholder s name, MIDAMERICAN ENERGY HOLDINGS COMPANY, wherever it appears in the policy, shall be change to the following: BERKSHIRE HATHAWAY ENERGY Agreed to by Minnesota Life Insurance Company this 20th day of June, By LNO Assistant Secretary G/5R Policy Amendment Minnesota Life 1

18 Group Term Life Policy Amendment 4R Minnesota Life Insurance Company - A Securian Company 400 Robert Street North St. Paul, Minnesota To be attached to and made a part of Group Policy No. BH-100 issued by Minnesota Life Insurance Company to BERKSHIRE HATHAWAY INC., issued for Plan Sponsor MIDAMERICAN ENERGY HOLDINGS COMPANY, Plan Sponsor No G. This amendment is effective as of January 1, Continued payment of premiums shall constitute acceptance of the conditions stated in this amendment. The following changes have been made to the Group Term Life Insurance Policy: 1. The Policyholder s name, MidAmerican Energy Holdings Company, wherever it appears in the policy, shall be changed to the following: MidAmerican Energy Company 2. Class 3 HomeServices will terminate 12/31/2012 under policy number G and will be set-up with it s own Plan Sponsorship effective 1/1/2013 under policy number G. There will be no plan design changes or rate changes for either entity due to this amendment. There will be no-loss and/or no-gain of benefits for the employees of HomeServices. As a result of these changes the Group Policy Specifications Page with an effective date of January 1, 2013 has been replaced with the attached Group Policy Specifications Page with Effective: January 1, 2013, Amended: May 1, Agreed to by Minnesota Life Insurance Company this 22st day of August, By LNO Assistant Secretary G/4R Policy Amendment Minnesota Life 1

19 GENERAL INFORMATION GROUP POLICY SPECIFICATIONS PAGE Effective: May 1, 2013 Rev POLICYHOLDER: Berkshire Hathaway Inc. POLICY NO.: BH-100 PLAN SPONSOR: MidAmerican Energy Company PLAN SPONSOR NO.: G The plan sponsor is an associated company of the policyholder that has been accepted to participate in the overall group policy issued to the policyholder. The plan sponsor shall have all ownership rights to its plan, including the right to terminate its participation in the policy. If a plan sponsor terminates its participation in the policy, the policy shall be deemed terminated with respect to employees of the plan sponsor, and all provisions related to the policy terminating shall apply to such employees. PLAN SPONSOR ASSOCIATED COMPANIES: EFFECTIVE DATE OF PLAN SPONSOR S PARTICIPATION IN THE POLICY: PLAN SPONSOR S ANNIVERSARY DATE: PREMIUM DUE DATE(S): GROUP: All subsidiaries and affiliates of the plan sponsor reported to Minnesota Life by the plan sponsor for inclusion in the plan sponsor s plan under the policy. January 1, This rewritten policy is effective January 1, January 1 of each year beginning January 1, The first day of each month. The group is composed of regular full-time and part-time employees classified as follows: Class 1 Class 2 Class 4 Class 5 Class 6 Non-Represented Employees of MidAmerican Energy Union employees as follows: (a) Cordova Local 109 (b) IBEW Locals 109 and 499 (c) 499 Ft. Madison (d) USW Local 738 CalEnergy Employees Kern River Employees Northern Natural Gas Employees ENROLLMENT PERIOD: WAITING PERIOD: Not applicable for noncontributory insurance; 31 days from the first day of eligibility for contributory insurance. Class 1, 2, 4, 5 and 6: None MINIMUM HOURS PER ANNUM REQUIRED: Classes 1, 2, 4, 5 and 6: 1,000 scheduled hours per annum. F. MHC A

20 PLAN OF INSURANCE EMPLOYEE BENEFIT SCHEDULE EMPLOYEE TERM LIFE INSURANCE: Basic Life Insurance Eligible Class Classes 1, 4, 5 and 6 Class 2 (a) Cordova Local 109 (b) IBEW Locals 109 and 499, and (c) 499 Ft. Madison (d) USW Local 738 Amount of Insurance* One times annual benefits salary, rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. One times annual benefits salary, rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. One and one-half times annual benefits salary, multiplied first, then rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. One times annual benefits salary, rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. * The closed group of three executives shall be grandfathered with a basic life amount of insurance of $50,000. Employees in classes 1, 4, 5 and 6: basic life insurance amounts will be continued for employees on newly approved long-term disability for a period of 24 months. After 24 months, the employee s basic amount of insurance will be reduced to $10,000. Supplemental Life Insurance An amount elected by the employee from the following options: Eligible Class Classes 1, 2 (a), 4, 5 and 6 Class 2 (b) IBEW Locals 109 and 499; and (c) 499 Ft. Madison; and (d) USW Local 738 Amount of Insurance One, two, three or four times annual benefits salary, multiplied first and then rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. One, two or three times annual benefits salary, multiplied first and then rounded to the next higher $1,000 if not already a multiple thereof, subject to a maximum of $500,000. F. MHC B

21 RETIREE LIFE INSURANCE GROUP: Retirees are classified as follows: Classes 1 All employees of MidAmerican Energy Company who were retired by the Policyholder on or before December 31, 1999 and who have, as part of their retirement benefits, continued their non-contributory basic life and supplemental life coverages. Class 2 Class 3 Class 4 Class 5 Class 6 All employees of MidAmerican Energy Company who were retired by the Policyholder on or before March 1, 2000 and who have, as part of their retirement benefits, continued their non-contributory basic life and contributory supplemental life coverages. All employees of NNG who were retired by the Policyholder prior to August 12, All employees of MidAmerican Energy Company who were retired by the Policyholder on or after January 1, 2000, but prior to July 1, All non-union employees of MidAmerican Energy Company who were hired by the Policyholder prior to July 1, 2004 and retired on or after July 1, The maximum amount of coverage is $10,000. All union employees of MidAmerican Energy Company who were retired by the Policyholder on or after July 1, Eligible Class All Retirees AGE REDUCTIONS FOR RETIREES: Amount of Insurance The amount of insurance as reported to us by the Policyholder. The maximum amount for retirees in Class 5 is $10,000. The amount of insurance on a retiree age 70 or older shall be a percentage of the amount otherwise provided by the plan of insurance applicable to such retiree in accordance with the following table: Age of Retiree Amount of Insurance % 75 and over 50% Age reductions will apply the first day of the month following an insured retiree s 70 th and 75 th birthdays. CONTRIBUTORY/NONCONTRIBUTORY: Retiree coverage is non-contributory, except for retirees in Class 2, supplemental life coverage is contributory. GENERAL PROVISIONS FOR EMPLOYEE INSURANCE CONTRIBUTORY/NONCONTRIBUTORY: GUARANTEED ISSUE AMOUNT: Basic insurance is noncontributory insurance; supplemental insurance is contributory insurance. Guaranteed issue is the maximum amount of insurance an employee can receive without evidence of insurability when first eligible under the plan provided enrollment is made within the enrollment period. The amounts are as follows: F. MHC C For basic insurance: All basic insurance is guaranteed issue. For supplemental insurance: For employees in an eligible class immediately prior to the effective date of the plan sponsor s participation in this policy:

22 An amount equal to the amount of contributory insurance for which the employee was insured under the prior carrier s group policy on the day immediately preceding the effective date of the plan sponsor s participation in this policy. For employees who first become eligible after the effective date of the plan sponsor s participation in this policy: The lesser of two times annual benefits salary or $500,000. EVIDENCE OF INSURABILITY: EFFECTIVE DATE OF INCREASES AND DECREASES DUE TO CHANGE IN ELIGIBLE CLASS OR EARNINGS: Evidence of insurability is required as stated in the policy and for an amount of insurance greater than the guaranteed issue amount. The later of the date of the change in eligible class or earnings or the date any required evidence of insurability is approved by us. Increases resulting in an amount of insurance over the guaranteed issue amount shown above will require evidence of insurability the first time the amount is over the guaranteed issue limit. All subsequent increases will not require evidence of insurability. All increases are subject to the actively at work requirement. DEPENDENTS TERM LIFE INSURANCE: DEPENDENTS BENEFIT SCHEDULE Spouse Life Insurance: An employee may elect one of the following spouse life coverage amounts: Eligible Class Amount of Life Insurance Option 1 Option 2 Option 3 Option 4* Spouses $15,000 $30,000 $60,000 $120,000 * Option 4 is not available for employees in Class 2 2(b), 2(c) and 2(d). Child Life Insurance: An employee may elect one of the following child life coverage amounts: Eligible Class 1/1/2013 to 5/1/2013 Children Live birth to age 14 days Age 14 days and older As of 5/1/2013 Children Amount of Life Insurance* Option 1 Option 2 Option 3 $1,000 $ 1,000 $ 1,000 $5,000 $10,000 $15,000 Option 1 Option 2 Option 3 $5,000 $10,000 $15,000 * Child life insurance coverage is subject to a maximum of 100% of the employee s amount of insurance. GENERAL PROVISIONS FOR DEPENDENTS INSURANCE AGE REQUIREMENTS: Children are eligible from live birth (stillborn and unborn children are not eligible), but have not attained the age of 19, or have not attained the age of 25 if a full-time student in an accredited educational institution. Employees in Class 5 may elect dependent coverage for their dependent children to age 24 without the full-time student provision. F. MHC D Coverage for dependent children who are physically or mentally disabled will be continued beyond the maximum age for a dependent child who is incapable of self-support because of developmental disability or physical handicap and is dependent on the employee for primary support. The disability must have existed before the child was age 19 (or age 24 for employees in Class 5) or while the child was a full-time student under age 25, and the dependent must