Individual Product Portfolio

Transcription

1 Individual Product Portfolio

2 Assurity, a carrier that s a cut above In selecting Assurity, you chose a company dedicated to helping you grow your business and so much more. What sets us apart? STRENGTH Over 125 years of protecting individuals, families and small businesses, plus the financial strength to back it up. COMPETITIVE ADVANTAGE Our distinctive and diverse products are competitively priced to cater to the needs of a variety of clientele. A.M. BEST RATING We earned a rating of A- (Excellent)* from A.M. Best, our industry s leading independent analyst.* PROMPT & PERSONAL You can expect high-touch service and we re never more than a quick call away. WE RE MUTUAL We are in the business to serve the interests of our policyholders. A FORCE FOR GOOD As a Certified B Corporation, we re relentlessly committed to social and environmental responsibility. *Our holding company, Assurity Life Insurance Company, headquartered in Lincoln, Nebraska, was rated as A- (Excellent) by A.M. Best Company.

3 Provide the coverage people need Lifescape Life and Accident Insurance Policies AssurityBalance Disability Income Insurance Policies Ascential Annuities AssurityBalance Critical Illness Insurance Policies 2.6 Assurity Assets Financial Results $2.6 billion in total assets under management $17.5 billion of total insurance in force $358.6 million in total surplus and asset valuation reserve $14.9 million in dividends paid to policyholders in 2016 $191.9 million in total benefits paid to policyholders in 2016 For more financial information, visit Billions $ 2.46 $ $ Why Assurity At Assurity, we re working hard to make the business of insurance simple more human by listening, showing that we care and offering customers invaluable insurance products and financial protection. More than a business with a bottom line, we re a mutual organization whose mission is helping people through difficult times. By dedicating ourselves to the community, the environment and using our business as a force for good, we re able to take the long view when it comes to upholding our promises. Assurity is also the first major life and specialty health insurer to become a Certified B Corporation, demonstrating we meet the rigorous standards of social and environmental responsibility.

4 Index of Products Life and Accident Insurance Page Whole Life Insurance 6 Simplified Whole Life Insurance 7 Single-Premium Whole Life Insurance 8 Joint Whole Life First-to-Die Insurance 9 Acci-Flex Accidental Death Benefit Insurance 10 Term Life Insurance with Accelerated Underwriting 11 Universal Life Insurance 12 Disability Income Insurance Page Century+ Individual Disability Income Insurance 14 Simplified Disability Income Insurance 15 Business Overhead Expense Disability Income Insurance 16 Graded Benefit Disability Income Insurance 17 Critical Illness Insurance Page Simplified Critical Illness Insurance 19 Critical Illness Insurance (Fully Underwritten) 21 Annuities Page Encore Single-Premium Deferred Annuity 24 Plus One Single-Premium Deferred Annuity 24

5 LifeScape Life Insurance Products Life and Accident Insurance Products

6 Whole Life Insurance Issue Ages Premium Banding and Issue Classes 15 days old - 85 years (age last birthday) Band I Face Amounts $10,000 - $74,999 Ages 0-14: Male/Female Select Non-Tobacco ($15,000 minimum for ages 0-14) Ages 15-85: Male/Female Select Non-Tobacco, Standard Tobacco Band II Face Amounts $75,000 - $149,999 Ages 0-14: Male/Female Select Non-Tobacco Ages 15-85: Male/Female Preferred Plus Non-Tobacco, Preferred Non-Tobacco, Select Non-Tobacco, Preferred Tobacco, Standard Tobacco Band III Face Amounts $150,000+ Ages 0-14: Male/Female Select Non-Tobacco Ages 15-85: Male/Female Preferred Plus Non-Tobacco, Preferred Non-Tobacco, Select Non-Tobacco, Preferred Tobacco, Standard Tobacco Death Benefit Level death benefit. Guaranteed premiums through maturity at age 121. Premiums Level, guaranteed, based on premium band, issue class and issue age (last birthday). Non-Medical Limits Individuals (standard risk class): Ages 0-60: up to $149,999. Ages 61-85: up to $74,999. We reserve the right to require a medical exam and/or other medical requirements on any applicant. Dividend Options Illustrations Policy Loans Payment Modes Additional Benefit Riders (No additional premium) Optional Riders (additional premium) Policy Fee The standard dividend options are: Paid-up Additions, Accumulate at Interest, Reduce Premiums/Cash, Reduce Premiums/Paid-up Additions, Paid in Cash Required software is available as a web-based system or for download. Subject to the NAIC Model Illustration Regulation. If the illustration presented does not match what is sold, a disclosure form must be completed, signed and submitted with the application. Available when policy has cash surrender value. Premier policy loans available with qualifications. Annual, semi-annual, quarterly, list bill, monthly automatic bank withdrawal and credit card (can be used to pay first premium if using the E-app, as well as reoccurring) Accelerated Benefits Rider, Exchange Privilege Rider Accident Only Disability Income Benefit Rider available on base and other insured, Accidental Death Benefit Rider, Children s Term Insurance Rider, Critical Illness Rider available on base and other insured, Disability Waiver of Premium Benefit Rider, Level Term Insurance Benefit Rider 10 and 20 years; available on base and other insured, Monthly Disability Income Rider available on base and other insured, Payor Benefit Rider, Protected Insurability Benefit Rider, Value Enhancement Rider (VER) single and periodic premium $65, commissionable Policy Form No. I L0880 FOR PRODUCER USE ONLY Product availability, features and rates may vary by state. 6

7 Simplified Whole Life Insurance Issue Ages Issue Classes Death Benefit Simplified Application To be considered for coverage: Level 0* - 80 (age last birthday) Level Male/Female, Select Non-Tobacco/Tobacco Ages 0* - 19 $10,000 - $50,000 Ages $5,000 - $50,000 Ages $5,000 - $25,000 Level Guaranteed benefit from the first day Sections A, B and C medical questions must be answered no Premium Level and guaranteed through age 121 Policy Loans Nonforfeiture Options Payment Modes Illustrations Personal History Policy Fee Graded** (age last birthday) Graded Male/Female, Select Non-Tobacco/Tobacco Ages $5,000 - $35,000 Ages $5,000 - $25,000 Graded Reduced benefit for the first 2 years for non-accidental death: Policy year 1: 40% of the face amount Policy year 2: 75% of the face amount Policy year 3 forward: 100% of face amount Accidental death: 100% of face amount from first day Sections A and B medical questions must be answered no If any yes answers in Section C Modified** (age last birthday) Available when policy has cash surrender value; variable loan interest paid in arrears Reduced paid-up policy, extended term Modified Male/Female, Select Non-Tobacco/ Tobacco Ages $5,000 - $25,000 Modified Reduced benefit for the first 2 years for non-accidental death: Policy year 1: 110% return of the annual premium Policy year 2: 220% return of the annual premium Policy year 3 forward: 100% of face amount Accidental death: 100% of face amount from first day Section A medical questions must be answered no If any yes answers in Section B Annual, semi-annual, quarterly, list bill, monthly automatic bank withdrawal and credit card (can be used to pay first premium if using the E-app, as well as reoccurring) Not required, but software is available For applicants ages 60+, a personal history interview conducted with the proposed insured at time of sale or at applicant s convenience $25, commissionable * Age 0 starts at 6 months and 1 day. ** Not available in all states Policy Form Nos. I L601, I L602, I L603 FOR PRODUCER USE ONLY Product availability, features and rates may vary by state. Whole Life Insurance I Simplified Whole Life Insurance 7

8 Single-Premium Whole Life Insurance Issue Ages Issue Classes Premium 15 days - 80 years (age last birthday) Male/Female, Non-Tobacco/Tobacco Ages 0-54 minimum $10,000; Ages minimum $5,000 Single premium Non-Medical Limits Ages 0-60: up to $695,000 Ages 61-80: up to $435,000 We reserve the right to require a medical exam and/or other medical requirements on any applicant. Policy Loans Dividend Options Illustrations Optional Riders (additional premium) Additional Benefit Rider (no additional premium) Policy Fee Available when policy has loan value (cash value less any policy debt); variable loan interest paid in advance. Paid in cash annually, buy paid-up additions, reduce loans Is required, software available Single Premium Insurance Rider a paid-up insurance purchase option rider Accelerated Death Benefit $75, commissionable Policy Form Nos. ICC12 I L1201 and I L1201 FOR PRODUCER USE ONLY Product availability, features and rates may vary by state. 8

9 Joint Whole Life First-to-Die Insurance Issue Ages 15 days - 85 years (age last birthday); coverage will be issued based on joint age Premium Banding Band I Face Amounts $10,000 - $149,999 (Minimum for joint ages 0-14 is $15,000) Band II Face Amounts $150,000+ Joint Underwriting Classes Preferred Non-Tobacco, Standard Non-Tobacco, Standard Tobacco, Combination (Mixed Non-Tobacco and Tobacco) Death Benefit Level death benefit. Guaranteed premiums through maturity at joint age 121. If both insureds die within 24 hours, the benefit will be paid for each. Premiums Level, guaranteed and based on premium band, joint issue class and joint issue age. Non-Medical Limits Individuals (standard risk class): Ages 0-60: up to $149,999. Ages 61-85: up to $74,999 We reserve the right to require a medical exam and/or other medical requirements on any applicant. Additional Features Dividend Options Illustrations Policy Loans Additional Benefit Rider (no additional premium) Optional Riders (additional premium) Policy Fee After one insured dies, the surviving spouse has the option to purchase a new policy without proving evidence of insurability up to 100% of the face amount. In the event of divorce or business discontinuation, both parties are eligible for a whole life policy at 50% of the original face amount. The standard dividend options are: Paid-up Additions, Accumulate at Interest, Reduce Premiums/Cash, Reduce Premiums/Paid-up Additions, Paid in Cash Is required, software available as a web-based system or for download. Subject to the NAIC Model Illustration Regulation. Available when policy has cash value. Premier policy loans available with qualifications. Accelerated Benefits Rider Children s Term Rider, Joint Disability Waiver of Premium Rider, Joint Level Term Rider, Joint Protected Insurability Rider, Joint Paid-Up Additions Rider single and periodic premium $65, commissionable Policy Form Nos. ICC15 I L1505 or I L1505 FOR PRODUCER USE ONLY Product availability, features and rates may vary by state. Single-Premium Whole Life Insurance I Joint Whole Life First-to-Die Insurance 9

10 Acci-Flex Accidental Death Benefit Insurance Issue Ages and Amounts (age last birthday); $50,000 $350,000 Issue Classes Optional Riders Payment Modes Policy Fee Male/Female Accident Only Disability Income Rider Return of Premium Rider Waiver of Premium Rider Annual, semi-annual, list bill, monthly automatic bank withdrawal and credit card (can be used to pay first premium if using the E-app, as well as reoccurring) $45, commissionable Policy Form No. L T02-E FOR PRODUCER USE ONLY Product availability, features and rates may vary by state. 10

11 Term Life Insurance with Accelerated Underwriting Term Periods Issue Ages Underwriting Classes Issue Amounts Premiums 10, 15, 20, 30 years Age last birthday, based on level term period: 10-year level premium period, 18 through year level premium period, 18 through year level premium period, 18 through year level premium period, 18 through 55 (Non-Tobacco); 18 through 50 (Tobacco) Preferred Plus Non-Tobacco Preferred Non-Tobacco, Preferred Tobacco, Standard Non-Tobacco, Standard Tobacco $25,000 $10 million Premium Bands $25,000 through $249,999; $250,000 through $499,999; $500,000 through $999,999; $1,000,000 and above Conversion Illustrations Payment Modes Optional Benefit Riders Available (not available in all states) Additional Benefit Rider (no additional premium) Electronic Application Policy Fee Level and guaranteed for the initial term period of 10, 15, 20 or 30 years. Annually renewable after the initial term to age 95. Conversion period begins on issue date and ends on the earlier of: one year prior to the end of level term period for 10-year plan; or, two years prior to the end of level term period on 15-, 20- and 30-year plans; or, policy anniversary on which the insured attains age 65. Not required, but software is available. Annual, semi-annual, quarterly, list bill, monthly automatic bank withdrawal and credit card (can be used to pay first premium if using the E-app, as well as reoccurring) Disability Waiver of Premium Rider Endowment Benefit Rider (also known as Return of Premium Rider) (available on 20-year and 30-year policies; returns premium paid on base policy and Return of Premium Rider only) Other Insured Level Term Rider Monthly Disability Income Rider Accident-Only Disability Income Rider Critical Illness Benefit Rider Children s Term Rider Accelerated Benefits Rider E-app is available on AssureLINK ( $70, non-commissionable Policy Form No. I L1702 FOR PRODUCER USE ONLY Product availability, features and rates may vary by state. Acci-Flex Accidental Death Benefit Insurance Term Life Insurance with Accelerated Underwriting 11

12 Universal Life Insurance Issue Ages Renewability 15 days old through 85 (age last birthday) Renewable to age 121. If the policy is in force beyond the anniversary date following age 121, the death benefit will equal the surrender value. Issue Classes Preferred Plus Non-Tobacco (Ages 15-85) Preferred Non-Tobacco (Ages 15-85) Select Non-Tobacco (Ages 0-85) Preferred Tobacco (Ages 15-85) Standard Tobacco (Ages 15-85) Death Benefit Premiums From $25,000 for all issue ages. Flexible death benefit, current assumption through maturity at age 121. Option 1: Face Amount; Option 2: Face Amount plus Accumulation Value Flexible in amount and frequency. Lapse protection premium payment guarantees the policy will not lapse during the first five years. Non-Medical Limits Individuals (Standard risk class): Ages 0-60: up to $149,999; Ages 61-85: up to $74,999 We reserve the right to require a medical exam and/or other medical requirements on any applicant. Policy Loans Illustrations Withdrawal Fee Available when policy has cash surrender value. Preferred policy loans available with qualifications. Illustration required Software available as a web-based system or for download. Subject to the NAIC Model Illustration Regulation. If the illustration you present does not match what is sold, a disclosure form must be completed, signed and submitted with the application. $25 per withdrawal, only one withdrawal per year; no withdrawal available in first policy year. Interest Credits Current: Declared; Guaranteed: 3%. Payment Modes Optional Riders (additional premium) Additional Benefit Rider (no additional premium) Annual, semi-annual, quarterly, list bill, monthly automatic bank withdrawal, credit card (can be used to pay first premium if using the E-app, as well as reoccurring) Accidental Death Rider (available on base and other insured), Accident Only Disability, Income Rider, Children s Term Rider, Critical Illness Rider (available on base and other insured), Disability Waiver Rider, Face Amount Increase Rider, Level Term Rider - 10 and 20 years (available on base and other insured), Monthly Disability Income Rider (available on base and other insured) Accelerated Benefits Rider Policy Form No. ICC14 I L1419 FOR PRODUCER USE ONLY Product availability, features and rates may vary by state. 12

13 Disability Income Insurance Products

14 Century+ Individual Disability Income Insurance Issue Ages Issue Classes Occupational Classes (age nearest birthday) Male/Female, Tobacco/Non-Tobacco, age-specific 4A, 3A, 2A, 1A Maximum Issue Limits 4A: $20,000; 3A: $20,000; 2A: $10,000; 1A: $8,000. Government employees are allowed up to a $1,000 base benefit and up to the maximum Supplemental Disability Income Rider, based on income. Elimination Periods Benefit Periods 30, 60, 90, 180 and 365 consecutive days 4A and 3A = 1-, 2-, 5-, 10-year, also to-age-65 and to-age-67 2A = 1-, 2-, 5-, 10-year, also to-age-65 and to-age-67, if Self-employed: under age 56; and in same business for 2 years with annual net income of at least $40,000 for 2 years. W-2 Employee: under age 56; with annual income of at least $40,000 for 2 years. 1A = 1, 2 and 5-year. Limited benefit periods available for issue ages Non-Medical Limits Ages 18-50: up to $3,000 Ages 51-55: up to $2,000 Ages 56-60: up to $1,500 We reserve the right to require a medical exam and/or other medical requirements on any applicant. Renewability Benefits & Features Optional Riders (additional premium) Multi-life Discount Payment Modes Policy Fee Guaranteed renewable to age 65 or age 67, depending on the benefit period selected 2-year Own Occupation Definition List Bill capability Non-tobacco rates for no use in last 12 months One occupation upgrade for most business owners if self-employed for at least 3 years and have a net income of at least $30,000 Automatic Benefit Increase Rider Catastrophic Disability Disability Rider Critical Illness Benefit Rider Guaranteed Insurability Rider Non-cancelable Rider 15% for 3 or more issued applications Partial Disability Benefit Presumptive Disability Benefit Home Modification Benefit Survivor Benefit Vocational Rehabilitation Benefit Organ Donor Benefit Waiver of Premium Benefit Own Occupation Rider Residual Disability Benefit Rider Retroactive Injury Benefit Rider Return of Premium Benefit Rider Supplemental Disability Income Rider Annual, semi-annual, quarterly, list bill, monthly automatic bank withdrawal and credit card (can be used to pay first premium if using the E-app, as well as reoccurring) $40, commissionable Policy Form No. I H0920 FOR PRODUCER USE ONLY Product availability, features and rates may vary by state. 14

15 Sample Occupations for Disability Income Individual DI, BOE & Graded Benefit DI 4A 3A 2A 1A Issue Ages Issue Classes Eligibility Occupational Classes Simplified DI Class I Class II Occupations Accountants, architects, attorneys, computer programmers, insurance agents, nurses, office clerks, optometrists, paralegals, pharmacists, physicians, real estate agents, receptionists, stock brokers, teachers Clergy, day care workers, dentists and dental hygienists, graphic artists, laboratory workers, physical therapists, sales clerks, surveyors Car sales, carpenters, chefs, electricians, farmers, hairdressers, landscapers, mechanics, personal trainers, plumbers, postal carriers, welders Auto body repair workers, bus drivers, construction laborers, custodians, exterminators, fire fighters, furniture movers, guards, building painters, police and other law enforcement officers, roofers, long haul truckers, window cleaners Simplified Disability Income Insurance Maximum Issue Limits Elimination Period Benefit Periods years (age last birthday) Male/Female, Tobacco/Non-Tobacco Age Bands: 18 39; 40 49; Employment requirement of 30 hours per week Class I: Professional/office occupations: may have activities that involve laboratory, technical, supervisory or service work: biologist, accountant, sales clerk, clergy, horticulturist, pharmacist, architect, etc. Class II: Skilled and unskilled manual occupations: may involve operating machines, heavy manual labor and risks of accidents: electrician, plumber, farmer, roofer, painter, crane operator, furniture mover, beautician, custodian, auto mechanic, etc. $300 $3,000 (maximum 60% of monthly income) Benefits will be reduced dollar-for-dollar up to 50% by the amount of social insurance (Social Security Disability, Workers Comp., Government Disability, and Railroad Retirement and Disability) 30, 60, 90 or 180 consecutive days 6 months, 1 year or 2 years Renewability Guaranteed renewable to age 67; conditionally renewable to age 70 Features Optional Riders (additional premium) Simplified Underwriting Payment Modes Policy Fee Own occupation definition of total disability, Partial Disability Benefit, Waiver of Premium Benefit Critical Illness Benefit Rider Retroactive Injury Benefit Rider Return of Premium Rider MIB and prescription drug check on all cases. Telephone inspections for applicants age 30+ and monthly benefit amounts of $2,000+. APS only as needed by underwriting. Annual, semi-annual, quarterly, list bill, monthly automatic bank withdrawal and credit card (can be used to pay first premium if using the E-app, as well as reoccurring) $40, commissionable Policy Form No. I D0710 FOR PRODUCER USE ONLY Product availability, features and rates may vary by state 15 Century+ Individual Disability Income Insurance I Simplified Disability Income Insurance

16 Business Overhead Expense Disability Income Insurance Issue Ages Issue Classes Eligibility Occupational Classes years (age nearest birthday) Male/Female, Tobacco/Non-Tobacco, age-specific Owned the business for more than one year Actively working fulltime in ownership, management and administration of the business $10,000 minimum net profit for the business for past year 10 or less employees 4A, 3A, 2A Maximum Issue Limits 4A: $20,000; 3A: $20,000; 2A: $20,000 Elimination Periods Benefit Periods 30, 60 and 90 consecutive days (all ages, all classes) 12 months and 24 months (all ages, all classes) Non-Medical Limits Ages 18-50: up to $3,000 Ages 51-55: up to $2,000 Ages 56-60: up to $1,500 We reserve the right to require a medical exam and/or other medical requirements on any applicant. Renewability Guaranteed renewable to age 65; conditionally renewable to age 70 Benefits & Features Payment Modes Policy Fee Own occupation definition of total disability Conversion Privilege Presumptive Disability Benefit Partial Disability Benefit Rehabilitation Benefit Survivor Benefit Waiver of Premium Benefit Annual, semi-annual, quarterly, list bill, monthly automatic bank withdrawal and credit card (can be used to pay first premium if using the E-app, as well as reoccurring) $40, commissionable Policy Form No. A-D106 FOR PRODUCER USE ONLY Product availability, features and rates may vary by state. 16

17 Graded Benefit Disability Income Insurance Issue Ages Issue Classes Occupational Classes 18-60, (age nearest birthday) Male/Female, Tobacco/Non-Tobacco, with or without Non-graded Injury Benefit. 5-year bands. Level rates; rates do not vary by occupational class. 4A, 3A, 2A, 1A Maximum Issue Limits 4A & 3A: $15,000; 2A: $10,000; 1A: $8,000 Elimination Periods Benefit Periods Graded Benefits 30 (2-year benefit period only), 60, 90, 180 consecutive days or 365 consecutive days (5- and 10-year benefit period only) Classes 4A, 3A & 2A: 2, 5 & 10 years; Class 1A: 2 year & 5 year Monthly benefits for the duration of a disability beginning in the first policy year will be 35% of the non-graded benefit. Monthly benefits for the duration of a disability beginning in the second policy year will be 70% of the non-graded benefit. The nongraded monthly benefit will be paid for total disabilities beginning in the third policy year and thereafter. Renewability Guaranteed renewable to age 65; conditionally renewable to age 70 Benefits Optional Riders (additional premium) Payment Modes Policy Fee Survivor Benefit: Lump sum of 6x monthly benefit paid when insured is disabled and receiving benefits 12 months before death Optional Non-graded Injury Benefit Supplemental Disability Income/Graded Benefit Rider 5-year Own Occupation Rider Annual, semi-annual, quarterly, list bill, monthly automatic bank withdrawal and credit card (can be used to pay first premium if using the E-app, as well as reoccurring) $40, commissionable Policy Form No. A-D120 FOR PRODUCER USE ONLY Product availability, features and rates may vary by state. 17 Business Overhead Expense Disability Income Insurance I Graded Benefit Disability Income Insurance

18 Critical Illness Insurance Products

19 Simplified Critical Illness Insurance Issue Ages Simplified Issue Issue Classes Minimum/Maximum Face Amounts (Benefit) Multiple Benefits Across Categories Multiple Benefits Within Categories 18-64*, age last birthday. *Age 59 in some states. A short application is used. If client is within the build charts and can answer no to health questions, qualification is probable. Male/Female, Tobacco/Non-Tobacco $5,000 $50,000 for each category Renewability Policy is guaranteed to age 75. The first benefit is paid to the insured upon the initial diagnosis of a condition or procedure (see detailed list) in any one of the three categories. If the insured continues to pay premiums and is diagnosed with a condition or procedure in a different category, they will again receive the benefit payment indicated. The maximum benefit is up to three times the critical illness policy benefit amount. The multiple conditions must be diagnosed at least 180 days apart. If the insured has received a partial benefit within a category (e.g., 25% of the benefit for coronary bypass surgery) and the insured has another illness in the same category that pays 100 percent of the benefit (e.g., heart attack), they will receive the remainder of the total benefit for that category (e.g., 75%). Waiting Period Coverage begins immediately for all conditions in Category II Heart/Stroke and Category III - Other Illnesses and Conditions. Category I Cancer has a 90-day waiting period. Category I Cancer Definitions Category I Cancer Waiting Period Survival Period Requirements Family Coverage Invasive cancer is a malignant tumor with uncontrolled growth beyond its original site (includes leukemias and lymphomas). Carcinoma in situ (non-invasive cancer) is a malignant tumor that has not invaded surrounding tissue. Invasive and non-invasive cancers have a reduced benefit for the first 90 days of the policy. If cancer is diagnosed during the policy s first 90 days, the policy pays 10% of the maximum benefit for invasive cancer or 2.5% of the maximum benefit for non-invasive (in situ) cancer. If cancer is diagnosed after the policy s first 90 days, the invasive cancer benefit is 100% and non-invasive cancer is 25%. There are no survival period requirements. If the insured dies of a covered illness and meets the criteria (including first-ever diagnosis), their beneficiaries receive the maximum benefit less any benefits previously received within that category for that illness. A spouse and/or children may receive critical illness insurance through riders on the policy with additional premium. Simplified Critical Illness Insurance Benefit Payment Return of Premium upon death Optional Riders (additional premium) The benefit payment goes directly to the policyholder and may be used for any purpose (medical bills, mortgage or credit card payments, travel, experimental treatments, etc.). If the policyholder dies of any cause, 100 percent of the premiums paid, less any benefits received, are paid to the beneficiary. If the policyholder dies of a covered illness and meets the criteria (including first-ever diagnosis), the beneficiaries receive the maximum benefit less any benefits previously received within the category for that illness. There is no extra charge for this provision. Return of Premium Rider 100 percent of premiums paid less any benefits received are returned when policy terminates at age 75. If terminated before then, a percentage of premiums paid less any benefits received are returned (see table in rider contract). Disability Waiver of Premium Rider Accidental Death Benefit Rider Spouse Critical Illness Benefits Rider Children s Critical Illness Benefits Rider 19

20 Simplified Critical Illness Insurance Covered Critical Illnesses, Conditions and Procedures Category I Cancer Percentage of benefit payable for illness Invasive Cancer 100% Carcinoma in situ (non-invasive cancer) Category II Heart/Stroke 25% (payable once per lifetime) Percentage of benefit payable for illness Heart Attack 100% Major Organ Transplant (or combination transplant including heart) 100% Stroke 100% Coronary Bypass Surgery Angioplasty Category III Other Illnesses and Conditions 25% (payable once per lifetime) 10% (payable once per lifetime) Percentage of benefit payable for illness Advanced Alzheimer s Disease 100% Coma (not as a result of a stroke) 100% Kidney (Renal) Failure 100% Severe Burns 100% Major Organ Transplant (other than heart) 100% Paralysis (not as a result of a stroke) 100% Category I Maximum benefit 100% Category II Maximum benefit 100% Category III Maximum benefit 100% Policy Form Nos. I H 0810 or CI-005 FOR PRODUCER USE ONLY Product availability, features and rates may vary by state. Multiple Benefits Across Categories All of the conditions in each category are covered by the critical illness policy and trigger payment of the benefit indicated. If the insured collects a benefit for a first-ever diagnosed illness or procedure in one category and then has a first-ever diagnosis of a condition or procedure in another category, this policy will pay the maximum benefit shown to the insured again. The insured may receive 100% of the benefit for a condition in each of three categories. There must be at least 180 days between the dates of diagnosis of multiple conditions or procedures across categories. Multiple Benefits Within Categories The insured may receive 100% of the benefit within each category. If the insured receives a partial benefit for a condition or procedure in a category (see Category I and II) and then is diagnosed with an additional condition or procedure in the same category, the insured will receive the benefit for that condition or procedure, up to 100% for that category. 20

21 Critical Illness Insurance (Fully Underwritten) Issue Ages Issue Classes Minimum/Maximum Face Amounts (Benefit) Multiple Benefits Across Categories Multiple Benefits Within Categories Renewability 18-64, age last birthday Male/Female, Tobacco/Non-Tobacco $50,000 $500,000 for each category The first benefit is paid to the policyholder upon the initial diagnosis of a condition or procedure in any one of the three categories. If the policyholder continues to pay the premiums and is diagnosed with a condition or procedure in a different category, they will again receive the benefit payment indicated. The maximum benefit is up to three times the critical illness policy benefit amount. The multiple conditions must be diagnosed at least 180 days apart. If the policyholder has received a partial benefit within a category (e.g., 25% of the benefit for coronary bypass surgery) and they have another illness in the same category that pays 100% of the benefit (e.g., heart attack), they will receive the remainder of the total benefit for that category (e.g., 75%). Policy is guaranteed renewable for life. Non-Medical Limits Ages 18-45: up to $99,999 We reserve the right to require a medical exam and/or other medical requirements on any applicant. Benefit Reduction Face amount reduces 50% on the policy anniversary date in the year the insured turns 65 or five years from the policy issue date, whichever is later. Waiting Period Category I Cancer Definitions Category I Cancer Waiting Period Survival Period Requirements Family Coverage Benefit Payment Return of Premium Upon Death Optional Riders (additional premium) Coverage begins immediately for all conditions in Category II Heart/Stroke and Category III Other Illnesses and Conditions. Category I Cancer has a waiting 90-day period. Invasive cancer is a malignant tumor with uncontrolled growth beyond its original site (includes leukemias and lymphomas). Carcinoma in situ (non-invasive cancer) is a malignant tumor that has not invaded surrounding tissue. Invasive and non-invasive cancers have a reduced benefit for the first 90 days of the policy. If cancer is diagnosed during the policy s first 90 days, the policy pays 10% of the benefit for invasive cancer or 2.5% of the benefit for non-invasive (in situ) cancer. If a cancer is diagnosed after the policy s first 90 days, the invasive cancer benefit is 100% and non-invasive cancer is 25%. There are no survival period requirements. If the insured dies of a covered illness and meets the criteria (including first-ever diagnosis), the beneficiaries receive the maximum benefit (less any benefits previously received) within the category for that illness. The insured s spouse and/or children may receive critical illness insurance through riders on the policy with additional premium. The benefit payment goes directly to the insured and may be used for anything (e.g., medical bills, mortgage or credit card payments, travel, experimental treatments, etc.) If the insured dies of any cause, 100 percent of the premiums paid by the insured, less any benefits received, will be paid to the beneficiary. If the insured dies of a covered illness and meets the criteria (including first-ever diagnosis), the beneficiaries receive the maximum benefit less any benefits previously received within the category for that illness. Disability Waiver of Premium Rider, Accidental Death Benefit Rider, Spouse Critical Illness Benefits Rider, Children s Critical Illness Benefits Rider Simplified Critical Illness Insurance I Critical Illness Insurance (Fully Underwritten) 21

22 Critical Illness Insurance (Fully Underwritten) Covered Critical Illnesses, Conditions and Procedures Category I Cancer Percentage of benefit payable for illness Invasive Cancer 100% Carcinoma in situ (non-invasive cancer) Category II- Heart/Stroke 25% (payable once per lifetime)* Percentage of benefit payable for illness Heart Attack 100% Major Organ Transplant (or combination transplant including heart) 100% Aortic Surgery 100% Heart Valve Replacement/ Repair Surgery 100% Stroke 100% Coronary Bypass Surgery 25% (payable once per lifetime)* Category I Maximum benefit 100% Category II Maximum benefit 100% Angioplasty 25% (payable once per lifetime)* Category III Other Illnesses and Conditions Percentage of benefit payable for Illness Advanced Alzheimer s Disease 100% Accidental Loss of Speech 100% Benign Brain Tumor 100% Coma (not as a result of a stroke) 100% Blindness 100% Deafness 100% Kidney (Renal) Failure 100% Loss of Limbs 100% Severe Burns 100% Major Organ Transplant (other than heart) 100% Paralysis (not as a result of a stroke) 100% Motor Neuron Disease 100% Occupational HIV Infection 100% Category III Maximum benefit Policy Form Nos. I H 0820 or CI-007 * Up to a maximum of $25,000 FOR PRODUCER USE ONLY Product availability, features and rates may vary by state. Multiple Benefits Across Categories All of the conditions in each category are covered by the critical illness policy and trigger payment of the benefit indicated. If the insured collects a benefit for a first-ever diagnosed illness or procedure in one category and then has a first-ever diagnosis of a condition or procedure in another category, this policy will pay the maximum benefit shown to the insured again. The insured may receive 100% of the benefit for a condition in each of three categories. There must be at least 180 days between the dates of diagnosis of multiple conditions or procedures across categories. Multiple Benefits Within Categories The insured may receive 100% of the benefit within each category. If the insured receives a partial benefit for a condition or procedure in a category (see Category I and II) and then is diagnosed with an additional condition or procedure in the same category, the insured will receive the benefit for that condition or procedure, up to 100% for that category %

23 Annuity Products

24 Single-Premium Deferred Fixed Annuities A Comparison of Assurity s Ascential Annuity Products Issue Ages Interest Rates Encore Plus One Ages 0-85, age last birthday, both qualified and non-qualified options Bonus interest, not to exceed 1.5%, may (or may not) be payable in each of the first two policy years. The guaranteed interest rate for the first two policy years is the current interest rate.* Guaranteed Interest Rate Model Index (1.5% for policies issued in 2018) Death Benefit Pay-Out Options Deposit Amounts Supplemental Contributions Income Taxes Front-End & Handling Fees Withdrawal Provision Bonus interest, not to exceed 1%, may (or may not) be payable in the first policy year. The guaranteed interest rate for the first policy year is the current interest rate.* Full account value paid to beneficiary upon proof of owner s or annuitant s death. Life income, life income with guaranteed period, life income with installment refund, fixed period, fixed amount, joint and survivor life income Minimum premium of $2,000. Amounts over $500,000 require company approval. A minimum of $100 may be added during the first 12 months** A minimum of $100 may be added during the first 12 months** Federal and state income taxes on the interest income are deferred until withdrawals begin None Up to 12% of the account value may be withdrawn per policy year, with no surrender charges. Surrender Charges Applicable to amounts above the 12% withdrawal provision, in decreasing amounts during the first eight policy years Nursing Home Provision Full account value may be withdrawn without penalty if insured is confined in a nursing home 45 days or longer. Up to 10% of the account value may be withdrawn per policy year, with no surrender charges. Applicable to amounts above the 10% withdrawal provision, in decreasing amounts during the first nine policy years Full account value may be withdrawn without penalty if insured is confined in a nursing home 30 days or longer. Disability Provision No surrender charges for withdrawals if the annuitant should become totally disabled from an accident or illness. Policy Form Nos. Encore: I A0602 (Qualified), I A0601 (Non-Qualified); Plus One: I A1004 or ICC10 I A1004 (Qualified), I A1003 or ICC10 I A1003 (Non-Qualified) FOR PRODUCER USE ONLY Product availability, features and rates may vary by state. *Current and other interest rates are posted at the first of each month in the Interest Rate Bulletin on AssureLINK (click on the Product Center, choose the product, and view the link on the right). Or, for more information about interest rates, contact (800) , Ext **Interest rates for any supplemental contributions are calculated at the current rate at the time of each supplemental deposit. Assurity also offers the Ascential Single Premium Immediate Annuity. Please contact Assurity for more information. 24

25 Notes Single-Premium Deferred Fixed Annuities 25

26 Notes 26

27 Notes Notes 27

28 We are never more than one call away. INDIVIDUAL PRODUCT SALES , Ext ASSURITY P.O. Box Lincoln, NE POLICY SERVICES , Ext FAX: CONNECT ONLINE assurity.com linkedin.com/company/assurity-life facebook.com/assurity.life FOR PRODUCER USE ONLY. NOT FOR USE WITH THE GENERAL PUBLIC. NOT FOR USE IN NEW YORK. These policies may contain reductions of benefits, limitations and exclusions. For costs and complete details of the coverage, please contact Assurity or review the policy contract. Assurity is a marketing name for the mutual holding company Assurity Group, Inc. and its subsidiaries. Those subsidiaries include but are not limited to: Assurity Life Insurance Company and Assurity Life Insurance Company of New York. Insurance products and services are offered by Assurity Life Insurance Company in all states except New York. In New York, insurance products and services are offered by Assurity Life Insurance Company of New York, Albany, New York. Product availability, features and rates may vary by state (Rev. 02/18)