GC 2510.15-3 SECTION 12 - ACCIDENTAL DEATH AND DISMEMBERMENT SECTION 12D - CHILD HIGHER EDUCATION BENEFIT SECTION 12 - ACCIDENTAL DEATH AND DISMEMBERMENT SECTION 12D - CHILD HIGHER EDUCATION BENEFIT This Section applies to Basic Accidental Death Insurance. DEFINITIONS ACADEMIC YEAR means the annual period of educational sessions of an accredited post-secondary educational institution. ELIGIBLE STUDENT under this Section means Your unmarried Child under age 26, who on the date of Your Accidental Death: 1) is enrolled in and is attending an accredited post-secondary educational institution on a full-time basis; or 2) is at the 12th grade level and enrolls and attends an accredited post-secondary educational institution within 16 months from the date of Your death; and 3) is dependent upon You for principal support and is claimed as a dependent on Your federal income tax return. EDUCATION EXPENSES means tuition that is assessed by the accredited post secondary educational institution and is required to be paid in order for the Child to be classified as a full time student. CHILD HIGHER EDUCATION BENEFIT AUL will pay an Additional Accidental Death Benefit subject to the following rules: 1) The Child Higher Education Benefit payment will be no more than $4,000 for each Eligible Student per Academic Year for Education Expenses. The cumulative benefit payments for all eligible students will not exceed the lesser of: a) $20,000; or b) 10% of Your AD&D Principal Sum Insurance shown in the Schedule of Benefits. 2) The Child Higher Education Benefit will be paid: a) for Education Expenses that are incurred and paid after Your Accidental Death; b) once annually at the conclusion of the Academic Year; c) not for more than 5 consecutive years after the date of Your Accidental Death; d) until such date that the Child no longer satisfies eligibility requirements under the policy or the accredited post-secondary educational institution; e) following AUL’s receipt of documentation showing proof of paying Education Expenses, the Child Higher Education Benefit will be paid to any named beneficiary who paid Education Expenses; and f) in direct proportion to the amount of Education Expenses paid by each named beneficiary. 3) If there is no Eligible Student, no Child Higher Education Benefit will be paid. 4) Child Higher Education Benefits will only be paid based on enrollment in one accredited post-secondary educational institution. 5) No annual Child Higher Education Benefits will be paid beyond the date the policy terminates. If the policy terminates within 60 days of the end of the current Academic Year, a final Child Higher Education Benefit will be paid when eligible. In no event will the total of the Additional Accidental Death Benefits payable exceed 100% of Your AD&D Principal Sum. In addition to the above limitations, this benefit is subject to the further limitations and provisions of this Section.