Extended Maturity Option Last Updated March 24, 2003

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1 American General Elite G Coverage will automatically extend past the maturity age 100 with no policy Banner Life Canada Life Clarica CNA Platinum G Continuity UL Advantra Survivor Life UL UltraProUL UltraTermUL UltraQuestUL Lifetime 2 Guaranteed UL Provider ExtraTerm UL Accumulator 2 Guaranteed SUL Via Max UL-10 Via Max UL-15 ES 2000 charges, provided the policy is in force. Upon written request, the owner may elect to extend the maturity date to any date chosen. If the maturity date is extended, we will not deduct monthly deductions from the account value at attained ages 100 and above. At attained ages 100 and over, the death benefit will be equal to the greater of the account value or the specified amount. UltraPro UL: If Option 1 is selected the death benefit will carry beyond age 100. If Option 2 is selected the cash value will become the death benefit beyond age 100. UltraTerm: As long as premiums are paid, the death benefit will continue past age 100. UltraQuest:: At attained age 100, no further policy charges will be issued and the cash value benefit become the death benefit beyond age 100. Lifetime 2: As long as premiums are paid, the death benefit will continue past age 100. Policy charges continue. When the insured reaches age 100, we ll extend the maturity date to age 120. The insured will receive the full policy face amount, even if there is only $1.00 of cash value at age 100. Future cost of insurance and policy fees will be waived. On the policy anniversary nearest the insured s 100 th birthday, if the policy was in force on the day before that anniversary, the death benefit will remain in effect and no monthly deductions will be taken out. Endorsement Via Max ES / Depends on Plan. Please refer to extended maturity language. 1

2 First Colony First Penn Pacific General America UL 01 UL SG Lifetime Protector Lifetime Protector Flex LifeStyle Select Titan Indianapolis Life Horizon ULS 2001 Horizon ULFlex 2001 Horizon SUL 2001 The policy has no maturity date. The policy continues after the insured s age 100 with no monthly deductions from the policy value for cost of insurance, monthly expense charges, or rider costs. Pays the death benefit to your beneficiary in the event of your death prior to age 120. At attained age 100, if there is any cash value the death benefit will remain and no further premiums will be accepted. If on the monthly anniversary, nearest the insured s attained age 100, the Coverage Continuation value is greater than zero, the death benefit of the policy thereafter will continue to be determine under the Type in effect on the monthly anniversary as defied below: Option A: Death benefit is the face amount Option B: Death benefit is the face amount plus the cash value on the date of death. Death Benefit Maturity Extension Endorsement: The maturity of the policy is attained age 115. The death benefit will equal the benefit in effect at attained age 100. Cash Value maturity Extension Endorsement: The maturity of the policy is attained age 115. The death benefit will be equal to 104% of the Cash Value less any outstanding policy loans. ING/Reliastar GPUL Lifetime Death Benefit Guarantee: Available for all issue ages, coverage is guaranteed to last an insured s lifetime provided premiums described below are paid. The Lapse Protection Value (LPV): provides a lifetime guarantee that s dependent upon the amount of premiums paid and when they are paid. As LPV is a secondary guarantee, it will keep the policy in-force if the case surrender value falls below zero. Endorsement (contract) 2

3 Jefferson Pilot LEGEND 300 There is no specified maturity date. If the policy has cash value at the anniversary nearest the insured\s age 100, the death benefit is continued indefinitely. The following rules apply: 1. The specified amount is set to the greater of the total policy specified amount or the cash value at age The death benefit option is set to Option 1(level) and may not be changed. 3. Cost of insurance and other monthly deductions are no longer deducted, but interest will continue to be credited at a current rate. 4. Loans will continue to accrue interest, and will change to zero net John Hancock Performance UL Medallion Gold Performance SUL Life Estate Protection Lafayette Life Century 2000 Ultimate UL Vanguard UL Lincoln Benefit Legacy Premier UL Ultra 100+ cost. Age 100 Waiver of Charges: At attained age 100, issue charges, maintenance charges, COI charges, rating charges and rider charges will be waived. No premium payments will be accepted after the policy anniversary date. The death benefit remains providing the policy is in force. Policy Endorsement:: At attained age 100, the policy automatically sets the death benefit to zero, no further deductions will be taken. The death benefit past age 100 will be set to the policy cash value. /Endorsement Not Available. Not Available Not Available Policy will remain in force following the insured s age 100 birthday, if: The net surrender value is positive Or the cumulative Lifetime Guarantee premium requirement has been fulfilled regardless of set surrender value COI s and policy fees waived. All remaining riders are canceled, except Accelerated Death. 3

4 Lincoln Life ManuLife UL-LPR UL-DB UL-Flex SUL IV SUL-DB SUL-LPR II UL-G UL-LC SUL As long as the policy has not lapsed or been surrendered at age 100, the policy will remain in force interest will credit at the then-current rate, loan interest continues to accrue and month deductions cease. Age 100 Advantage: The death benefit will remain intact and interest will be credited to the policy value without further insurance-related deductions. MONY MONY UL The Guaranteed Death Benefit to Age 100 (LLP) guarantees that during the Insured s lifetime, the policy will not lapse regardless of the policy s cash value, provided a specified cumulative minimum monthly premium test requirement is satisfied. New York Life Accumulator Protector The Life Extension Benefit becomes effective on the Policy Anniversary on which the Insured is age 100. The death benefit is carried forward while the cash value continues to accrue interest. after age 100. Note: A monthly Per thousand face amount charge per thousand of face amount of the base policy is deducted from the Policy s cash value, on each monthly deduction day until age 100. North American Custom TermUL For those policies that have at least one dollar of cash value at age 100, the Maturity feature provides coverage beyond age 100 without any additional premium payments. In addition, all monthly deductions for the cost of insurance charges and monthly administrative fee will be waived. During the Maturity period, however, loan interest will continue to accrue on any outstanding loans, and we will continue to credit interest to the policy account value. 4

5 Last Updated March Provident Mutual UL 100 Not Available Not Available Not Available Prudential State Life Sun Life of Canada Travelers Survivor Universal Protector Universal Plus SL Life AUL Second to Die SUP LP SSUL LP SUP Plus SSUL Plus MVP MVP 02 TSL Beginning on the first contract anniversary on or following the insured s 100 th birthday, the policy owner me keep his or her policy in force, or surrender the policy for its net cash value. When insured dies the death benefit is calculated as follows: - The basic insurance amount plus the contract fund before deduction of any month charges due on that date or the contract fund before deduction of any monthly charges due on that date, multiplied by the attained age factor that applies. At attained age 100, the Maturity date extension rider will take over. The death benefit will be reduced to the Account Value. No further monthly deductions will be taken from the cash value and no new future premiums payments will be accepted. maturity is included with all UL Plans. Coverage Extension : (MVP,TSL, TVL) Allows the full death benefit to continue beyond age 100. As long as the policy is in force on the anniversary when the insured is age 100, the rider allows the full death benefit to continue. No further premiums or charges will be accepted or deducted. Maturity Extension : (MVP,TSL,TVL) Allows the cash value to continue beyond age 100. As long as the policy is in force on the anniversary when the insured is age 100, the rider allows the full cash value to continue. No further premiums or charges will be accepted or deducted. 5

6 United of Omaha Priority Ultra Thirty days prior to the maturity date of this policy (insured s age 100), the policy owner may elect to continue the policy beyond this maturity date. This feature was designed to continue life insurance coverage for insured s who live past age 100. In addition, no charges will be taken from the policy once the insured attains age 100. Once coverage beyond age 100 has been elected, all riders will automatically be canceled and the Death Benefit Option will be Option 1. Only Loan interest charged after age100. US Financial NOVA UL As long as the policy is in force at the insured s age 100, USFL will provide Endorsement extended coverage with a death benefit equal to the cash value minus any loan values in effect at age 100. West Coast Life Life Band Gold 120 The policy matures at the policy anniversary following the insured s age 120 if the policy is still in force at that time. The maturity value is equal to the full face amount less any outstanding loans and loan interest. Zurich Kemper Lifetime UL Maturity Benefit allows the insured to maintain life insurance beyond 100 by waiving the base policy monthly deductions beginning at age 100. The death benefit is equal to the face amount in force at age 100. No charge 6