POLICYHOLDER PROVISIONS (Continued) COMPLIANCE WITH FEDERAL LAWS We reserve the right to amend this policy to comply with: 1. requirements of the Internal Revenue Code; 2. any regulations or rulings issued under the Internal Revenue Code; and 3. any other requirements imposed by the Internal Revenue Service. We will give the policyholder a copy of any such amendment(s). This policy is intended to qualify as life insurance under the Internal Revenue Code. Accordingly, the provisions of this policy are to be interpreted, and will be administered by us, to ensure tax qualification. TERMINATION OF THIS POLICY This policy and all attached rider(s) will terminate at the earliest of the following events: 1. if any premium payable is not paid within the grace period, this policy will terminate on the 32nd day after the premium due date; 2. if you submit a 60-day advance notice to us to terminate this policy, this policy will terminate on the date specified in such request; 3. if we give you a 60-day advance written notice that we intend to terminate this policy, this policy will terminate on the day specified in such notice; 4. if you fail to comply with any of the terms of this policy, or fail to fulfill any obligations under or pertaining to this insurance, or fail to comply with or cooperate with us in satisfying the requirements of any applicable law or regulation pertaining nd to this insurance, this policy, will terminate on the 32 day after we have given you notice of our intent to terminate; or 5. if the number of employees or members who become insured under this policy during any 12 month period does not meet the minimum participation requirement shown in the Policy Specifications, we have the right to terminate this policy on the 32nd day after we have given you written notice of our intent to terminate. If this policy ends, you are responsible for giving written notice of the termination to all certificate holders as soon as reasonably possible. If this policy ends, all premiums due must be paid. Our acceptance of premium after this policy ends will not act to reinstate this policy. We will refund any unearned premium. INSPECTION OF THIS POLICY You must make this policy available for inspection by your employees or members at all reasonable times during normal business hours. CERTIFICATES We will provide to you a certificate for delivery to each certificate holder. The certificate will provide a description of the insurance provided by this policy and will state: 1. the essential features of the insurance coverage; and 2. to whom benefits are payable. If there is any discrepancy between the provisions of a certificate or any attached certificate riders and the provisions of this policy or any attached policy riders, the provisions of this policy and any attached policy riders govern. DISCRETIONARY AUTHORITY, IF GOVERNED BY ERISA The following applies only when the administration of this policy is governed by the Employee Retirement Income Security Act (ERISA), 29 U.S.C. 1001 et seq.: We have the discretion and authority to construe disputed or seemingly inconsistent provisions of this policy, a certificate, and any attached rider(s), and to make all decisions regarding eligibility and/or entitlement to coverage or benefits. Whenever we make reasonable determinations that are not arbitrary or capricious in the administration of this policy, such determinations shall be final and conclusive. GWLPIN Page 8