Term 100 Life Insurance Brochure

Long-Term Coverage to Age 100 With budget-friendly rates Initial Premium Guarantee Period* For 30 years or to age 85, whichever comes first Employee Benefit Amounts from $10K to $300K** That remains the same for the life of the policy Coverage Options for Spouse and Children*** Add enhancements to help protect your family You Own the Policy Take the policy with you if you change jobs or retire Who will pay off your mortgage when you’re gone? In 2023, the average mortgage debt for U.S. household is $244,498.1 Help Secure Your Loved Ones’ Future During your working years, when expenses are typically at their highest and budgeting is necessary, Term 100 Life Insurance may be a great option. It may help ensure your family’s financial security by assisting with funeral costs, supporting daily expenses, and future education expenses. It’s important to carefully consider your stage of life and financial situation when selecting a life insurance policy for yourself and your family. Term 100 Life Insurance Term 100 Life Insurance Lifelong Financial Protection Have you considered what would happen to your family’s financial stability if you were no longer there to provide for them? Life insurance may help provide a financial safety net for your loved ones if the unexpected occurs. Term 100 Life Insurance provides coverage until age 100, making it a good choice for long-lasting protection at budget-friendly rates. The benefit amount remains the same as long as the policy is active and premiums are paid. Benefits * After this, premiums may stay the same, increase, or decrease but will never exceed the guaranteed amount shown in your policy. Refer to your policy for more information. ** Face amounts vary based on issue age. Issuance of coverage may be subject to responses received to a few medical questions. ***Spouse will be issued a separate policy while children can be covered under your policy or your spouse’s policy. 1Motley Fool Money: Average American Household Debt in 2024; Facts and Figures; August 26, 2024 accessed Nov. 11, 2024

Features EMPLOYEE ISSUE AGE AND MAXIMUM5 SPOUSE ISSUE AGE AND MAXIMUM5 Ages 17*-49: $300,000 Ages 50-65: $100,000 Ages 66-70: $10,000 Ages 17**-49: $50,000 Ages 50-60: $25,000 RATES BASED ON ISSUE AGE AND TOBACCO STATUS PREMIUM Your premiums will be based on your age when your policy becomes effective. If you are a non-tobacco user, you may be eligible for reduced rates. Your premiums are guaranteed for 30 years or to age 85, whichever comes first. After that, premiums may stay the same, increase, or decrease but will never exceed the guaranteed amount shown in your policy. DEATH BENEFIT ACCELERATED BENEFIT FOR TERMINAL CONDITION The death benefit will remain the same for the policy’s life, up to age 100. Death benefits are generally paid tax-free. 6 You can receive a portion of the chosen death benefit amount if you are diagnosed with a Terminal Condition, as defined in the policy. See last page of brochure for more details. 2Issuance of the policy may depend on the answer to these questions. 3Interim coverage for death will be in force from the date your application is signed if, on such date, the proposed insured is insurable per our underwriting guidelines for the requested coverage per the terms of the policy. This interim coverage for death will remain in force until the earlier of 1) the date a policy becomes effective, 2) the date we decline the application, or 3) the date we notify the proposed insured that they are ineligible for interim coverage. The employee and/ or spouse must remain actively at work during the interim coverage period. If the death of the proposed insured occurs during the interim coverage period, the first month’s premium will be subtracted from the policy proceeds. Interim coverage is only for death benefits under the base policy and Children’s Term Rider. No interim coverage benefits are available under any Waiver of Premium Rider, Accidental Death and Dismemberment Rider, Accelerated Benefit Rider for Long Term Illness or Accelerated Benefit for Critical Illness Rider. 4Example is based on initial monthly non-tobacco rates for an ITL7001 base plan only. After the Initial Premium Guarantee Period, premiums may stay the same, increase, or decrease. Contact your American Fidelity account manager for specific ages, rates, or face amounts. 5Face amounts vary based on issue age. Issuance of coverage may be subject to responses received to a few medical questions. 6Please consult your tax advisor for your specific situation. *In the states of AK, AR, CO, IA, KS, MN, MO, ND, NH, OR, PA, RI, SC, TN, and WI, the minimum issue age for employees is 18. **In the states of MO and PA, the minimum issue age for spouses is 18. SAMPLE INITIAL NON- TOBACCO MONTHLY PREMIUM RATES FOR BASE TERM 100 LIFE PLAN4 $10K+ $50K+ $100K $150K $300K 25 $6.80 $25.50 $49.00 $71.00 $140.00 35 $9.20 $36.50 $71.00 $105.50 $209.00 45 $14.70 $65.50 $129.00 $189.50 $377.00 55 $24.50 $110.00 $218.00 n/a n/a 65 $37.90 $177.50 $353.00 n/a n/a Premiums and benefits vary depending on the level selected at the time of application. +Shaded amounts are available for spouse policy purchases. Three Easy Steps for Coverage Answer Three Health Questions2 Don’t worry about participating in any invasive medical exams. 2 Select a Benefit Amount Plus, add riders to enhance your coverage. 1 Get Coverage Immediately3 Your death benefit coverage starts when you sign the application. 3

Waiver of Premium Rider This enhancement waives the premium if the primary insured becomes totally disabled, as defined in the rider, for at least six consecutive months. Premiums are waived for the base policy and any attached riders. The issue age ranges from 17 to 60. The rider terminates on the policy anniversary following age 65. Accidental Death and Dismemberment Rider This enhancement provides a benefit upon death, dismemberment, or paralysis of the base insured before age 70 if such death, dismemberment, or paralysis results from accidental causes, as defined by and subject to the conditions stated in the rider. This rider also provides an additional seat belt benefit of 10% of the accidental death benefit, subject to the conditions stated in the rider. The dismemberment and paralysis benefits are payable once per accident and will reduce the accidental death benefit, if payable. Children’s Term Rider This enhancement provides term life insurance protection for all eligible children between the ages of one month through 19 years (in MI and PA, 17 years; MA and WA, 14 years). Three benefit levels are available: $10,000, $20,000, and $30,000 ($15,000 in WA). One premium covers all eligible children. Coverage remains on each child until age 26 or the child’s marriage before age 26. Your covered child may also convert this rider for up to five times the amount of coverage (subject to a $100,000 limit) to any form of permanent insurance offered by American Fidelity. Accelerated Benefit Rider for Long Term Illness This enhancement provides for two equal annual advances of a portion of the base policy’s death benefit over two consecutive years due to a Long Term Illness if we receive satisfactory proof of Long Term Illness before each annual payment. Coverage is available on the base insured only. See the following page for more details. Accelerated Benefit Rider for Critical Illness This enhancement provides for an advance of a portion of the base policy’s death benefit due to a Critical Illness. A Critical Illness is a Heart Attack, Permanent Damage Due to Stroke, Invasive Cancer, Major Organ Failure, or End Stage Renal Disease, as defined in the policy. The rider offers only one acceleration for one of the Critical Illnesses shown. The rider terminates upon acceleration. See the following page for more details. All Benefits: We will not pay the policy proceeds if the insured commits suicide during the period of time stated in the insured’s policy from the effective date. Instead, we will return all premiums paid. Accelerated Benefit for Terminal Condition/Long Term Illness/ Critical Illness: We will not pay a benefit for any condition directly or indirectly resulting from or caused by intentionally self-inflicted injuries. Waiver of Premium Rider: Waiver of premium is not available if the total disability results directly or indirectly from (a) war or any act caused by war while in military service, (b) any attempt at suicide or intentionally self-inflicted injury, (c) active participation in a riot or insurrection, (d) voluntarily taking any drug (unless physician-administered and taken according to instructions), or voluntarily taking any kind of poison or inhaling any kind of gas or fumes, unless a direct result of an occupational accident, or (e) committing or attempting to commit a felony. Accidental Death and Dismemberment Rider: No benefit is payable if death results directly or indirectly from (a) war or any act caused by war while in military service, (b) any attempt at suicide or intentionally self-inflicted injury, (c) active participation in a riot or insurrection, (d) voluntarily taking any drug (unless physician-administered and taken according to instructions), or voluntarily taking any kind of poison or inhaling any kind of gas or fumes, unless a direct result of an occupational accident, (e) committing or attempting to commit a felony, (f) disease or infirmity of mind or body, or medical or surgical treatment for such disease or infirmity, or (g) infection not occurring as a direct result or consequence of the accidental bodily injury. This brochure does not constitute the full policy and is intended to provide basic information about American Fidelity’s Term 100 Life Insurance product, ICC24 ITL7001/ITL7001 series. For specific details, limitations and exclusions, please consult a complete policy, riders, and its provisions. Please consult your tax advisor for your specific situation. This policy is not eligible under Section 125. Third-Party Notice: The owner has the right to designate a third party to receive notice of lapse or termination of an individual life insurance policy due to nonpayment of premium. Such notice will be sent to the policy owner and the third party at least 30 calendar days before cancellation. This designation may be done at this time or at any time the policy is in force. Please contact us to request a form to designate, change, or update this information later. M3437.R118 For Illinois Applicants: We will treat a party to a civil union and a spouse in a marriage equally in our policies that are governed by your state. We will include a party to a civil union in any definition or use of the terms “spouse,” “family,” “immediate family,” “dependent,” “next of kin,” and any other terms descriptive of spousal relationships in our policies. Any policies providing coverage for children will extend eligibility for coverage to children of civil unions. DN88.R0916 MARYLAND DISCLAIMER: A PERSON WHO FELONIOUSLY AND INTENTIONALLY KILLS, CONSPIRES TO KILL, OR PROCURES THE KILLING OF THE INSURED AND WHO IS A NAMED BENEFICIARY OF A LIFE INSURANCE POLICY ON THE INSURED IS NOT ENTITLED TO A BENEFIT UNDER THE POLICY. DN137 Enhance Your Plan

Accelerated Benefit Summary and Disclosure Notice THIS DOCUMENT SERVES ONLY AS A SUMMARY AND A DISCLOSURE NOTICE. PLEASE REFER TO YOUR POLICY OR RIDER FOR THE ACTUAL CONTRACT PROVISIONS. THE POLICY/RIDER PROVIDES AN ACCELERATED BENEFIT OPTION. YOU SHOULD CONSULT WITH A PERSONAL TAX ADVISOR IF YOU ARE CONSIDERING ELECTING PAYMENT UNDER AN ACCELERATED BENEFIT PROVISION. BENEFITS AS SPECIFIED IN THE POLICY/RIDER WILL BE REDUCED UPON RECEIPT OF AN ACCELERATED BENEFIT PAYMENT. RECEIPT OF ACCELERATED BENEFIT PAYMENTS: 1) MAY BE TAXABLE; 2) MAY AFFECT YOUR ELIGIBILITY FOR BENEFITS UNDER STATE OR FEDERAL LAW; AND, 3) DO NOT AND ARE NOT INTENDED TO QUALIFY AS LONG TERM CARE INSURANCE. The policy and/or rider you are applying for has an Accelerated Benefit provision. The provision allows a portion of the death benefits to be advanced if certain conditions are met. Please see policy/rider for conditions and definitions, as applicable. Prior to the payment of any Accelerated Benefit, the following conditions must be met: • The maximum Accelerated Benefit varies by policy/rider (see specific information below) and shall not exceed the Benefit Amount for the policy shown on the Policy Schedule. • Only one Accelerated Benefit election will be made under the policy and/or each rider even if the Owner does not elect the full acceleration amount. • If two or more Accelerated Benefits are payable on behalf of the Insured/Covered Person under the policy or any attached riders for the same or related sickness, injury or loss, benefits will be paid in the following order: 1) Accelerated Benefit for Critical Illness, if this optional rider is attached to the policy; 2) Accelerated Benefit for Long Term Illness, if this optional rider is attached to the policy; and 3) Accelerated Benefit for Terminal Condition. • Additional limitations and exclusions may apply. Please read your policy/rider carefully. Upon request to accelerate the policy/rider proceeds, and upon the payment of the accelerated benefit, the Owner and any irrevocable beneficiary shall be given a statement demonstrating the effect of the acceleration on the payment of policy proceeds, cash value, death benefit, premium, and policy loans, as applicable. Accelerated Benefit for Terminal Condition Prior to the payment of any Accelerated Benefit, the Insured/ Covered Person must have a Terminal Condition, defined as an imminent death expected as a result of a non-correctable medical condition that, with reasonable medical certainty, will result in a drastically limited lifespan of the Insured/Covered Person of 12 months or less. The maximum payable is the lesser of 50% of the eligible proceeds as defined in the policy/rider, or $100,000. There is no premium associated with this provision. Payment of an Accelerated Benefit, if elected, will have the following effect on your contract: • Upon payment of the Accelerated Benefit, the policy/rider will remain in force. Any premiums due to keep the policy/ rider in force will be paid by us and will be deducted from the policy proceeds upon death unless you are currently exercising the Automatic Premium Loan option. If you are currently exercising the Automatic Premium Loan option, your premiums will continue to be paid until this option is exhausted or discontinued. • Policy proceeds that are payable on the death of the Insured/Covered Person will be reduced by the amount of the Accelerated Benefit, any outstanding policy loans, and any premiums paid by us on your behalf. • Cash values, if any, will continue accumulating as specified in your policy or rider. Access to the policy cash value may be restricted to the excess of the cash value over the sum of the amount accelerated and any premiums paid by us and any other outstanding policy loans. • Any outstanding loan, including interest, will not be deducted from the Accelerated Benefit payment. • This Accelerated Benefit will be treated as a lien against the death benefit and applied at the time of death. Accelerated Benefit for Critical Illness (optional rider) Prior to the payment of any Accelerated Benefit, the Insured must have a Critical Illness, which means a Heart Attack, Permanent Damage Due To A Stroke, Invasive Cancer, Major Organ Failure, or End State Renal Failure for which an Occurrence Date is confirmed by a Physician. The maximum payable is the lesser of 25% of the Eligible Proceeds, or $50,000 if you are under age 65; or 15% of the eligible proceeds, or $25,000 if you are age 65 or older. Premium is required to keep this rider in force. Accelerated Benefit for Long Term Illness (optional rider) Prior to the payment of any Accelerated Benefit, the Insured must have a Long Term Illness, which means the Insured has been certified within the last 12 months by a Licensed Health Care Practitioner as permanently unable to perform, without Substantial Assistance from another individual, at least two out of five Activities of Daily Living for a period of at least 90 days due to a loss of functional capacity; or requiring Substantial Supervision due to permanent Severe Cognitive Impairment. The maximum payable is the lesser of 50% of the Eligible Proceeds available at the time of claim payable in two equal annual payments up to a maximum of 25% of the Eligible Proceeds per year for two consecutive years; or $100,000 payable in two equal annual payments up to a maximum of $50,000 per year for two consecutive years. Premium is required to keep this rider in force. Payment of an Accelerated Benefit for Long Term Illness, if elected and/or Critical Illness, if elected, will have the following effect on your contract: • Upon payment of the Accelerated Benefit, the rider will terminate and no additional benefits will be due under the rider, even for recurrence. The policy will remain in force and premiums will continue to be billed and payable as due. • Policy proceeds, payable on the death of the Insured, will be reduced by the amount of the Accelerated Benefit. • Cash values, if any, will continue accumulating as specified in your policy or rider. They will be adjusted proportionally by the percent accelerated. • Any outstanding policy loan, including interest, will be proportionally reduced by the accelerated percent and deducted from the Accelerated Benefit payment. • The Accelerated Benefit will reduce the Benefit Amount and will be applied immediately upon acceleration. ICC18 DN111 AF-3811(AFES)-1124 051-163, 051-164 Accelerated Benefit Summary and Disclosure Notice American Fidelity Assurance Company americanfidelity.com Term 100 Life Insurance