SETTLEMENT OPTIONS You may elect a different way in which payment of the Amount of Insurance can be made. You must provide a written request to us, for our approval, at our Administrative Office. If the option covers less than the full amount due, we must be advised of what part is to be under an option. Amounts under $2,000 or option payments of less than $20.00 each are not eligible. If no instructions for a settlement option are in effect at the death of an Insured, the beneficiary may make the election, with our consent. Settlement Options are described in the Policy. LRS-6423-7 Ed. 04/16 Page 8.0