ICC18 LR14GP-PTS-2 6 PTS-12995 (11/25) BENEFICIARY FOR PORTABILITY AT DEATH OR DIVORCE For coverage continued under this provision, the Beneficiary is named by your Spouse to receive any proceeds payable at your Spouse’s death. While your Spouse’s coverage is in force under this provision, your Spouse may change the Beneficiary by Written request on a form that is acceptable to us. A Beneficiary designation form is available from us. An accepted designation will take effect as of the date it is Signed but will not affect any payment we make or action we take before receiving the Signed form. If your Spouse has made an absolute assignment of insurance, only the current owner may change the Beneficiary designation for proceeds payable at your Spouse’s death. If an irrevocable Beneficiary is named for proceeds payable at your Spouse’s death, the Beneficiary designation can only be changed with the consent of the irrevocable Beneficiary. There can be one or more Beneficiaries for proceeds payable at your Spouse’s death. If two or more Beneficiaries are named and their shares are not specified in the Beneficiary designation, then the Beneficiaries will share any insurance proceeds equally. If a primary Beneficiary does not survive your Spouse, their share will be payable to the remaining primary Beneficiaries. One or more contingent Beneficiaries may be named to receive the proceeds in the event that all of the primary Beneficiaries named do not survive your Spouse. Your Spouse is the Beneficiary for all other proceeds payable. This Beneficiary designation may not be changed. If your Spouse has made an absolute assignment of insurance, then during your Spouse’s lifetime those proceeds are payable to the current owner. PAYMENT OF PROCEEDS FOR PORTABILITY AT DEATH OR DIVORCE For coverage continued under this provision, a Spouse death benefit is payable if your Spouse dies while the Spouse Life Insurance Rider is in force. Other benefits are payable if a covered loss occurs while coverage is in force, and while your Spouse is living. See the CONVERSION provision of the Children’s Life Insurance Rider for information about death benefits payable during the conversion period following your Spouse’s death. To be eligible to receive proceeds, the Beneficiary must be living on the date of your Spouse’s or Child’s death or loss under any rider. Exception: If your Child dies during the conversion period following your Spouse’s death and your Spouse would otherwise have been the Beneficiary, we will pay the Child death benefit proceeds to your Spouse’s estate. If the Beneficiary is eligible to receive proceeds but dies before receiving them, we will pay the proceeds to the Beneficiary’s estate. If there is no eligible Beneficiary, we will pay the proceeds to your Spouse’s estate. MISSTATEMENT OF EVIDENCE OF INSURABILITY FOR PORTABILITY AT DEATH OR DIVORCE If your Spouse’s Premium rates are based on Evidence of Insurability as provided on your Spouse’s application for portability, and your Spouse has misstated any information requested on the application for portability such that the lower Premium rates would not have been approved by us, then we will adjust your Spouse’s Premium to the standard portability Premium rates. Any back Premium due as a result of this adjustment will be required. We will not adjust your Spouse’s Premium after coverage has been continued under this rider for two years during your Spouse’s lifetime. GRACE PERIOD FOR PORTABILITY AT DEATH OR DIVORCE Your Spouse has a grace period of 31 days for the payment of any Premium due. During the grace period coverage will remain in force. If full Premium payment is not received by us by the due date, we will give written notification to your Spouse that if the Premium is not paid by the end of the grace period then all coverage will end on the last day of the grace period. If we fail to give such written notice, coverage will continue in effect until the date such notice is given. We may extend the grace period by giving written notice of such intent to your Spouse, and such notice will specify the date all coverage will terminate if the Premium remains unpaid. Your Spouse is required to pay a pro rate Premium for any period coverage was in force during the grace period. Premium payment is required for any grace period, any extension of such period, and any period for which coverage was in effect and Premium was not paid.