PORTABILITY An Insured may continue insurance coverage under this Policy and that of his/her insured Dependents, if any, if coverage would otherwise terminate because he/she ceases to be an Eligible Person, for reasons other than the termination of this Policy, the Insured's retirement, or the insured Dependent having reached the maximum age for benefits, provided he/she: (1) notifies us in writing within thirty-one (31) days from the date he/she ceases to be eligible; and (2) remits the necessary premiums when due; and (3) is not approved for extension of coverage under the Waiver of Premium in Event of Total Disability provision, if applicable; and (4) has not been terminated under the Waiver of Premium in Event of Total Disability provision, if applicable, and (5) has been covered for twelve (12) months under this 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 the Insured and that of his/her insured Dependents, if any, is insured for under this Policy on the last day he/she was 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 the Insured on a quarterly, semi-annual or annual basis. If an Insured's coverage under this Policy includes Accidental Death and Dismemberment, then such benefits may be continued under this Policy. CLASS 1, 2, 3, 4 & 5: Insurance coverage continued under this provision for an Insured and/or his/her insured Dependents, if any, will terminate on the first of the following to occur: (1) the date this Policy terminates; or (2) the end of the period for which premium has been paid; or (3) the date the Insured is covered under another group term life insurance policy; or (4) the date the Insured reaches age 65; or (5) at any time coverage would normally terminate according to the terms of this Policy had the Insured continued to be an Eligible Person. CLASS 6: Insurance coverage continued under this provision for an Insured and/or his/her insured Dependents, if any, will terminate on the first of the following to occur: (1) the date this Policy terminates; or (2) the end of the period for which premium has been paid; or (3) the date the Insured is 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 this Policy had the Insured continued to be an Eligible Person. In addition, coverage will reduce at any time it would normally reduce according to the terms of this Policy had the Insured and that of the 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-6422-88 Ed. 07/05 Page 17.0