SECTION10-CONVERSIONPRIVILEGE If Your coverage, or a portion of it, terminates because You are no longer eligible for coverage under the policy, You mayapplyforanindividual life insurance conversion policy without evidence of insurability. The coverage amount of the individual life insurance conversion policy shall not exceed the amount of life insurance that ceases because of loss of eligibility for coverage under the policy minus the amount of any group life coverage for which You become eligible within 31 days of termination. If Your coverage ceases due to termination of the policy, You may apply for and receive an individual life insurance conversion policy if Your group life insurance has been in force with AUL for five (5) continuous years before the termination date. The coverage amount of the individual life insurance conversion policy may not exceed the LESSER of: 1) the amount of life insurance that ceases because of termination minus the amount of any group life coverage for whichYoubecomeeligiblewithin31daysoftermination;or 2) $10,000. Theconversion privilege is subject to the following: 1) Written application must be made and the first premium must be paid within 31 days after the date of termination of insurance. 2) Anindividual life insurance policy, other than term life insurance, offered by AUL at the time of conversion, may be selected. 3) ThepremiumontheindividualpolicymustbeatAUL’sthencustomaryrateapplicableto the form and amount of the individual policy, to the class of risk to which You or Your dependent then belong, and to the individual age attained by You or Your dependent on the effective date of the individual policy. 4) Theindividual life insurance conversion policy takes effect on the last day of the application period and is in lieu of all benefits under the Policy. If notice of the existence of the conversion right is not given at least 15 days before the expiration of the period during whichthe conversion application and payment of the first premium must be made under the terms of the policy, You have an additional period within which to exercise the conversion right. The additional conversion application period created to exercise a right of conversion expires 15 days after You are given notice of the conversion right. However, irrespective of the date on which notice is given or of the absence of any notice, the additional conversion application period may not extend beyond 60 days after the expiration date of the period within which conversion application period and payment of the first premium were to be made under the terms of the policy. For purposes of this section, notice of the right of conversion may be given to You in writing, presented to You; mailed by the Group Policyholder to Your last known address; or mailed by the insurer to Your last known address as furnished by the Group Policyholder. If death occurs during the conversion application period, AUL will pay the Life Amount available for conversion whether or not the application or the first premium payment has been made. After the 31-day period, no conversion application will be accepted unless it is proven that it was not possible for You to apply in a timely fashion. The individual life insurance conversion policy will not include Accidental Death benefits or any other benefits currently in force under the policy. PremiummustbepaidtoandreceivedbyAULforcoverageduringtheconversionapplicationperiod. IF DEATHOCCURSDURINGTHECONVERSIONAPPLICATIONPERIOD,INNOEVENTWILLBENEFITS BEPAYABLEUNDERBOTHTHEINDIVIDUALCONVERSIONPOLICYANDTHEPOLICY.ACCIDENTAL DEATHANDDISMEMBERMENTBENEFITS,IFANY,ARENOTPAYABLEBEYONDTHEDATES OUTLINEDINSECTION9,INDIVIDUALTERMINATIONS. GC2510.12 SECTION10-CONVERSIONPRIVILEGE (AD&D:Included)