PREMIUMS PREMIUM PAYMENT: All premiums are to be paid by you to us, or to an authorized agent, on or before the due date. The premium due dates are stated on the Policy face page. PREMIUM RATE: We will furnish to you the premium rate on the Policy effective date and when it is changed. We have the right to change the premium rate: (1) on any premium due date after this Policy is in force for twenty-four (24) month(s); (2) when the extent of coverage is changed by amendment; or (3) on any Premium Due Date on or after the first Policy Anniversary if your entire group's benefit changes by 25% or more from such group's benefit on the last Policy Anniversary. We will not change the premium rate due to (1) or (3) above more than once in any twelve (12) month period. We will tell you in writing at least thirty-one (31) days before the date of a change due to (1) or (3) above. GRACE PERIOD: You may pay the premium up to thirty-one (31) days after the date it is due. The Policy stays in force during this time. If the premium is not paid during the grace period, the Policy will be cancelled at the end of the grace period. You will still owe us the premium up to the date the Policy is cancelled. LRS-6451-9 Ed. 8/09 Page 10.0