We may cancel this Policy if: (1) the premium is not paid at the end of the grace period; or (2) the number of Insureds is less than the Minimum Participation Number on the Schedule of Benefits; or (3) the percentage of eligible persons insured is less than the Minimum Participation Percentage on the Schedule of Benefits. If we cancel because of (1) above, this Policy will be cancelled at the end of the grace period. If we cancel because of (2) or (3) above, we will give you thirty-one (31) days written notice prior to the date of cancellation. You will still owe us any premium that is not paid up to the date this Policy is cancelled. We will return, pro-rata, any part of the premium paid beyond the date this Policy is cancelled. Termination of this Policy will not affect any claim which began prior to termination. LRS-6451-5 Ed.5/16 Page 4.1