PORTABILITY You may continue insurance coverage under the Policy and that of your insured Dependents, if any, if coverage would otherwise terminate because you cease to be an Eligible Person, for reasons other than the termination of the Policy, your retirement, or the insured Dependent having reached the maximum age for benefits, provided you: (1) notify us in writing within thirty-one (31) days from the date you cease to be eligible; and (2) remit the necessary premiums when due; and (3) are not approved for extension of coverage under the Waiver of Premium in Event of Total Disability provision, if applicable; and (4) have not been terminated under the Waiver of Premium in Event of Total Disability provision, if applicable; and (5) have been covered for twelve (12) months under the Policy and/or the prior group life insurance policy. The amount of coverage available under the Portability provision will be the current amount of coverage you and that of your insured Dependents, if any, are insured for under the Policy on the last day you were Actively at Work. However, the amount of coverage will never be more than: (1) the highest amount of life insurance available to Eligible Persons; or (2) a total of $500,000 from all RSL group life and accidental death and dismemberment insurance combined, whichever is less. The premium charged to continue coverage will be based on the prevailing rate charged to Insureds who choose to continue coverage under the Portability provision. Such premium will be billed directly to you on a quarterly, semi-annual or annual basis. If your coverage under the Policy includes Accidental Death and Dismemberment, then such benefits may be continued under the Policy. Insurance coverage continued under this provision for you and/or your insured Dependents, if any, will terminate on the first of the following to occur: (1) the date the Policy terminates; or (2) the end of the period for which premium has been paid; or (3) the date you are covered under another group term life insurance policy; or (4) at the end of the two (2) year period; or (5) at any time coverage would normally terminate according to the terms of the Policy had you continued to be an Eligible Person. In addition, coverage will reduce at any time it would normally reduce according to the terms of the Policy had you and that of your insured Dependents, if any, continued to be an Eligible Person. If insurance coverage terminates due to (1) or (4) above, it may be converted to an individual life insurance policy. The conversion will be subject to the terms and conditions set forth under the Conversion Privilege. LRS-6423-83 Ed. 07/05 Page 13.0