Term Life

Term Life Insurance Strengthen Your Family’s Financial Plan Life insurance is an essential piece of a robust financial plan. While there is no replacement for losing a loved one, Term Life Insurance can help protect your family in your absence. It supplies short-term coverage at a competitive price. Term Life Insurance can help fill temporary needs for those on a limited budget. % % 61 of adults in the United States 61 1 have no individual life insurance. Life insurance provided by your employer is a significant benefit. However, it may not be enough protection to provide for your loved ones. Term Life A term life policy can help supplement your existing coverage. Plus, you own this policy, Insurance meaning you can take it to a different job or retirement. Why You Need Life Insurance 10, 20 & 30 Year Consider the following expenses when choosing the right life insurance plan for you. Final Expenses Funeral Costs • Unpaid Medical Bills Income Replacement Mortgage/Rent • Other Loans Nest Egg Estate Planning • Retirement Goals Financial Protection for You During your working and earning years, when expenses are typically at their highest, Term Life Insurance is a great option. 2 Premiums will remain the same for the initial term period selected. The death benefit will not change for the policy’s life, and death benefits are generally paid tax-free. More than individuals in the 100 million United States don’t have sufficient coverage to provide their families with financial security in case of a tragedy. 3 2 1LIMRA: Study Finds COVID-19 Spurs Greater Interest in Life Insurance; March 23, 2021; Rates will be adjusted on each renewed term period. 3According to the 2022 Insurance Barometer Study by LIMRA and Life Happens. LIMRA: 2022 Insurance Barometer Study, April 25, 2022; P10

Features Three Easy Steps to Get Covered SAMPLE 20-YEAR TERM Select a Term Period NON- TOBACCO 6 1 Choose from a 10, 20 or 30 year term. MONTHLY PREMIUM RATES + + $25K $50K $100K $150K $300K 4 Answer Three Health Questions 2 Only three health questions are required 25 $6.50 $9.00 $16.00 $20.00 $38.00 to issue coverage. You do not have to take 35 $7.50 $11.50 $21.00 $27.50 $53.00 part in any invasive medical exams. 45 $11.75 $20.50 $39.00 $56.00 $110.00 Get Death Benefit 55 $25.25 $38.50 $75.00 n/a n/a Coverage Immediately5 3 + Shaded amounts available for spouse base policy purchases. Your death benefit coverage starts when Premium and amount of benefits vary dependent you sign the application. upon level selected at time of application. EMPLOYEE ISSUE AGES SPOUSE ISSUE AGES AND MAXIMUMS 10 Year Term: 17*-65 Ages 17**-49: $50,000 20 Year Term: 17*-60 Ages 50-60: $25,000 30 Year Term: 17*-50 EMPLOYEE ISSUE MAXIMUM RATES BASED ON ISSUE AGE AND TOBACCO STATUS Ages 17*-49: $300,000 Premiums will be based on your age on the date your policy Ages 50-65: $100,000 becomes effective. You may be eligible for reduced rates if you are a non-tobacco user. 7 GUARANTEED LEVEL DEATH BENEFIT RENEWABLE AND CONVERTIBLE Receive the full face amount of your policy provided no Renew your coverage to age 90. You may convert to a accelerated benefits are paid. whole life policy before age 70. 4Issuance of the policy may depend on the answer to these questions. 5Interim 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, Children’s Term Rider and Spouse Term Rider. No interim coverage benefits are available under any Waiver of Premium Rider, Accidental Death and Dismemberment Rider, or Accelerated Benefit Rider for Long Term Illness. 6Example is based on a 20-year term, monthly, non-tobacco, base policy with no attached riders. 7 See your American Fidelity account manager for specific ages, rates, term periods or face amounts. Premiums remain level for the initial term period selected. If you choose the 10 or 20-Year Term Life Plan, the renewal date will be every 10 or 20 years until the policy anniversary following age 70 or 60, respectively. Thereafter, premiums are renewable annually. The 30-Year Term Life Plan is renewable annually after the initial term period. All term plans expire on the policy anniversary following age 90. Rates will be adjusted on each renewed term period. *In the states of AK, AR, CO, IA, KS, MN, MO, NH, OR, PA, RI, SC, TN and WI, the minimum issue age for younger employees is 18. **In the states of MO and PA, the minimum issue age for younger spouses is 18.

Enhance Your Plan Waiver of Premium Rider Children’s Term Rider This rider waives the premium if the base insured becomes This rider provides Term Life Insurance protection totally disabled, as defined in the rider, for at least six for all eligible children between the ages of one consecutive months. Premiums are waived for the base month through 19 (in MI and PA, age 17; MA and WA, policy and any attached riders. The issue age is 17-60. The age 14). Three benefit levels are available: $10,000, rider terminates at age 65. $20,000, and $30,000 ($15,000 in WA). Coverage remains on each child until age 26 or the child’s Accidental Death and Dismemberment Rider marriage before age 26. Your covered child may also convert this rider for up to five times the amount of This rider provides coverage upon death, dismemberment, coverage (subject to a $100,000 limit) to any form of or paralysis of the base insured before age 70 if such death, permanent insurance offered by American Fidelity. dismemberment, or paralysis results from accidental One premium covers all eligible children. causes, as defined in the rider. This rider also provides an additional 10% seat belt benefit if the police accident report certifies the base insured was wearing a properly fastened seat belt at the time of death. Benefits are payable once per covered accident. Accelerated Benefit Rider Spouse Term Rider for Long Term Illness (Available with 30-Year Term Life Only) This rider provides Term Life Insurance coverage for This rider provides for two equal advances of a your spouse. The premiums for this rider are based on portion of the base policy’s death benefit due to the spouse’s age and tobacco usage. Coverage may be a Long Term Illness if we receive satisfactory proof renewed for each additional renewal period up to the of Long Term Illness before each annual payment. spouse’s age of 90 while the base policy is active. Premiums Coverage is available on the base insured only. are guaranteed to remain the same during the initial term 7 period. Premiums adjust upon renewal. The face amount must be equal to or less than the base policy. Social Security numbers are required at the time of application for spouses and dependents. Additional riders are subject to our general underwriting criteria, and coverage is not guaranteed. Rider availability may vary by state. 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 at a later date. 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

Term Life Insurance Accelerated Benefit Summary and Disclosure Notice Accelerated Benefit Summary and Disclosure Notice • Policy proceeds which are payable on the death of the Insured/ THIS DOCUMENT SERVES ONLY AS A SUMMARY AND A DISCLOSURE Covered Person will be reduced by the amount of the Accelerated NOTICE. PLEASE REFER TO YOUR POLICY OR RIDER FOR ACTUAL Benefit, any outstanding policy loans, and any premiums paid by us CONTRACT PROVISIONS. on your behalf. • Cash values, if any, will continue to accumulate as specified THE POLICY/RIDER PROVIDES AN ACCELERATED BENEFIT OPTION. in your policy or rider. Access to the policy cash value may be YOU SHOULD CONSULT WITH A PERSONAL TAX ADVISOR IF YOU ARE restricted to the excess of the cash value over the sum of the CONSIDERING ELECTING PAYMENT UNDER AN ACCELERATED BENEFIT amount accelerated and any premiums paid by us and any other PROVISION. BENEFITS AS SPECIFIED IN THE POLICY/RIDER WILL BE outstanding policy loans. REDUCED UPON RECEIPT OF AN ACCELERATED BENEFIT PAYMENT. • Any outstanding loan, including interest will not be deducted from RECEIPT OF ACCELERATED BENEFIT PAYMENTS: 1) MAY BE TAXABLE; 2) the Accelerated Benefit payment. MAY AFFECT YOUR ELIGIBILITY FOR BENEFITS UNDER STATE OR FEDERAL • This Accelerated Benefit will be treated as a lien against the LAW; AND, 3) DO NOT AND ARE NOT INTENDED TO QUALIFY AS LONG- death benefit and applied at time of death. TERM CARE INSURANCE. The policy and/or rider you are applying for has an Accelerated Benefit Accelerated Benefit for Long Term Illness (optional rider) provision. The provision allows a portion of the death benefits to be Prior to the payment of any Accelerated Benefit, the Insured must advanced if certain conditions are met. Please see policy/rider for have a Long Term Illness, which means the Insured has been certified conditions and definitions, as applicable. within the last 12 months by a Licensed Health Care Practitioner as Prior to the payment of any Accelerated Benefit, the following conditions permanently unable to perform, without Substantial Assistance from must be met: another individual, at least two out of five Activities of Daily Living for a • The maximums vary by policy/rider (see specific information below) period of at least 90 days due to a loss of functional capacity; or requiring Substantial Supervision due to permanent Severe Cognitive Impairment. and shall not exceed the Benefit Amount for the policy shown on the The maximum payable is the lesser of 50% of the Eligible Proceeds Policy Schedule. available at the time of claim payable in two equal annual payments • Only one Accelerated Benefit election will be made under the up to a maximum of 25% of the Eligible Proceeds per year for two policy and/or each rider even if the Owner does not elect the full consecutive years; or $100,000 payable in two equal annual payments up acceleration amount. to a maximum of $50,000 per year for two consecutive years. Premium is • If two or more Accelerated Benefits are payable on behalf of the required to keep this rider in force. 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 Payment of an Accelerated Benefit for Long Term Illness, if elected, will following order: have the following effect on your contract: 1) Accelerated Benefit for Long Term Illness, if this optional rider is • Upon payment of the Accelerated Benefit, the rider will terminate attached to the policy; and and no additional benefits will be due under the rider, even for 2) Accelerated Benefit for Terminal Condition. recurrence. The policy will remain in force and premiums will • Additional limitations and exclusions may apply, please read your continue to be billed and payable as due. policy/rider carefully. • Policy proceeds which are payable on the death of the Insured will Upon request to accelerate the policy/rider proceeds, and upon the be reduced by the amount of the Accelerated Benefit. payment of the accelerated benefit, the Owner and any irrevocable • Cash values, if any, will continue to accumulate as specified in your beneficiary shall be given a statement demonstrating the effect of the policy or rider. The cash values will be adjusted proportionally by acceleration on the payment of policy proceeds, cash value, death the percent accelerated. benefit, premium, and policy loans, as applicable. • Any outstanding policy loan, including interest, will be proportionally reduced by the percent accelerated and will be Accelerated Benefit for Terminal Condition deducted from the Accelerated Benefit payment. Prior to the payment of any Accelerated Benefit, the Insured/Covered • The Accelerated Benefit will reduce the Benefit Amount and Person must have a Terminal Condition, defined as an imminent death will be applied immediately upon acceleration. ICC18 DN111 expected as a result of a non-correctable medical condition that with This brochure does not constitute the full policy and is intended to reasonable medical certainty will result in a drastically limited life span of provide basic information about American Fidelity Assurance Company’s the Insured/Covered Person of 12 months or less. The maximum payable Renewable and Convertible Term Life Insurance product, ICC14 RCTL14 / is the lesser of: 50% of the eligible proceeds as defined in the policy/rider, RCTL14 Series. For specific details, limitations and exclusions, please refer or $100,000. There is no premium associated with this provision. to your policy, riders. Please consult your tax advisor for your specific Payment of an Accelerated Benefit, if elected, will have the following situation. This policy is not eligible under Section 125. Rider availability effect on your contract: may vary by state. • Upon payment of the Accelerated Benefit, the policy/rider will remain in force. Any premiums due to keep the policy/rider in force We will not pay the policy proceeds if the insured commits suicide, while will be paid by us, and will be deducted from the policy proceeds sane or insane for the period of time as described in the insured’s policy, upon death, unless you are currently exercising the Automatic from the Effective date. Instead, we will return all premiums paid. Premium Loan option. If you are currently exercising the Automatic Premium Loan option, any premiums will continue to be paid under this option, until such time as this option is exhausted or discontinued. American Fidelity Assurance Company americanfidelity.com AF-2229(Education)-0523 051-536, 051-537, 051-546, 051-547, 051-556, 051-557