Exhibit 1.A.5(b)
NEL-41
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Rider: Guaranteed Death Benefit
The Policy to which this Rider is attached is issued by the Company subject to
the provisions of this Rider.
Guaranteed Death Benefit
On the first day of each policy month the Company will determine if the
Guaranteed Death Benefit is in effect. If the Benefit is in effect, the Policy
will not be lapsed even if the Net Cash Value of the Policy on the first day of
the policy month is not enough to cover the full Monthly Deduction for that
month. If the Insured dies while the Benefit is in effect, the Death Benefit of
the Policy will be based on the Death Benefit Option in effect on the date of
death.
The Guaranteed Death Benefit Premium is shown in the Policy Schedule. This
Premium will be recalculated when: the Face Amount is increased or decreased;
the amount provided by riders attached to the Policy is increased or decreased;
a partial surrender which results in a decrease in Face Amount is made; or the
underwriting class of the Policy and its riders is changed to a more favorable
underwriting class. When this Premium is recalculated, the new Premium and its
effective date will be shown in Section 1 of the Policy.
The Benefit will be in effect if (a) is equal to or greater than (b) where: (a)
equals the total of the premiums paid to date; less every partial surrender made
to date; less any Cash Value paid to you to allow the Policy to continue to
qualify as life insurance; less the Policy Loan Balance; and (b) equals the sum
of 1/12 of each Guaranteed Death Benefit Premium times the number of completed
policy months the Premium was in effect plus 1/12 of the most recent Guaranteed
Death Benefit Premium.
If the Benefit is not in effect, the amount of premium required to put the
Benefit in force is: the sum of 1/12 of each Guaranteed Death Benefit Premium
times the number of completed policy months the Premium was in effect plus 1/12
of the most recent Guaranteed Death Benefit Premium; minus the total amount of
premium which has already been paid into the Policy; less every partial
surrender made to date; less any Cash Value paid to you to allow the Policy to
continue to qualify as life insurance; less the Policy Loan Balance.
Cost of Rider
Whether or not the Benefit is in effect, the cost for this Rider is charged as
part of the Monthly Deductions. The monthly cost for this Rider equals: the Face
Amount of the Policy plus the Term Amount of the Adjustable Term Insurance
Rider, if any; times $0.00001.
Contract
This Rider is made part of the Policy to which it is attached if the Rider is
listed in the Policy Schedule. (See Section 1 of the Policy.) This Rider has no
cash value.
Termination
This Rider will terminate upon the earliest of:
. Termination of the Policy;
. Death of the Insured;
. The Insured's age 100; or
. Receipt by the Company at its Administrative Office of written election
signed by the Owner of the Policy to terminate the Rider.
If you elect to terminate this Rider, there can be no Guaranteed Death Benefit
for this Policy.
New England Life Insurance Company
501 Boylston Street, Boston, Massachusetts
ABCD ABCD
President Secretary
NEL-41
NEL-44
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Rider: Adjustable Term Insurance
The Company agrees that if the Insured dies while this Rider is in force, the
amount of Adjustable Term Insurance will be paid as a part of the policy
proceeds.
When you apply for this Rider, you can choose to have the Term Amount of the
Rider added to the Face Amount of the Policy for purposes of calculating the
Death Benefit. Your choice cannot be changed.
Cost of Rider
The cost for this Rider is charged as part of the Monthly Deductions. The rates
for the Rider are set by the Company each year on the policy anniversary, based
on the expectations of the Company as to future experience. The rates are
guaranteed for one year. The rates for the Rider will never be more than the
rates shown in the attached Table of Guaranteed Monthly Insurance Rates Per
$1,000.
Date of Issue
The Date of Issue of this Rider is the same as the Date of Issue of the Policy
unless a later Date of Issue is shown for the Rider in the Policy Schedule.
Rider years will coincide with policy years. If this Rider is issued after the
Date of Issue of the Policy, the first rider year will begin on the policy
anniversary on or next following the Date of Issue of the Rider. The term
insurance provided by this Rider will be in force from the Date of Issue of the
Rider. The effective date of this Rider is its Date of Issue.
Increase in Term Amount
After the first policy year, the Term Amount can be increased effective on the
first day of any policy month. An increase in Term Amount is subject to:
. Written application to increase the Term Amount;
. Proof that the Insured is insurable;
. The underwriting rules of the Company allowing new insurance for the amount
of the increase at the age of the Insured on the Adjustment Date;
. The amount of the increase being at least $10,000, except with the consent
of the Company; and
. A Monthly Deduction for the increase.
The Application to increase the Term Amount must be signed by you and the
Insured. An increase will be effective on the Adjustment Date shown in the new
Policy Schedule.
Decrease in Term Amount
The Term Amount can be decreased effective on the first day of any policy month
by written application to the Company; but only if the Term Amount after the
decrease is at least $10,000, except with the consent of the Company. A decrease
in Term Amount will be applied to reduce the initial Term Amount and each
increase in Term Amount on a pro rata basis, except with the consent of the
Company. A decrease in Term Amount will be effective on the Adjustment Date
shown in the new Policy Schedule.
Adjustment of the Policy
The Policy Schedule and the Rider's Table of Guaranteed Monthly Insurance Rates
Per $1,000 must reflect an increase or a decrease in the Term Amount. The new
Policy Schedule, the new Table, if any, and the Application for the adjustment
will be made part of the Policy when the Company, at its option:
. Sends you a new Policy Schedule and Table, if any, and a copy of the
Application for the adjustment for you to attach to the Policy; or
. Requires that the Policy be returned to have the new Policy Schedule and
Table, if any, and a copy of the Application for the adjustment attached to
the Policy by the Company; or
. Sends you an adjusted policy to take the place of this Policy.
Upon adjustment, the Policy will be in force only as adjusted.
Not Contestable After Two Years
The insurance issued under this Rider will not be contestable after it has been
in force during the life of the Insured:
. For the Death Benefit associated with the initial Term Amount, for two
years from the Date of Issue of this Rider; and
. For the Death Benefit associated with each increase in Term Amount of this
Rider, for two years from the Adjustment Date for that increase.
NEL-44 (continued)
NEL-44
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Suicide Within Two Years
If the death of the Insured is by suicide while sane or insane within two years
of the Date of Issue of this Rider or within two years of the Adjustment Date of
an increase in Term Amount, a limited benefit will be paid.
The amount payable under this Rider: will be limited to the portion of the
Monthly Deduction made to pay for the insurance subject to this provision; and
will be paid as part of the benefits of the Policy.
Contract
A copy of the Application for this Rider is attached to and made a part of the
Rider. This Rider is made a part of the Policy to which it is attached if the
Rider is listed in the Policy Schedule. This Rider has no cash value.
Exchange Option
You can, after the first policy year and before the policy anniversary on which
the Insured is age 80, exchange any portion of the insurance then in force under
this Rider for an increase in Face Amount for this Policy effective on the first
day of any policy month. If you have not chosen to have the Term Amount of this
Rider added to the Face Amount of the Policy for purposes of calculating the
Death Benefit, you can, before the policy anniversary on which the Insured is
age 80, exchange any portion of the insurance then in force under this Rider:
for a policy issued on any plan of fixed or variable whole life insurance; or of
fixed or variable flexible premium adjustable life insurance issued by the
Company on the Policy Date of the new policy at any time. The exchange can be
made without proof that the Insured is insurable. The Term Amount in force after
the exchange will equal: the Term Amount in force immediately before the
exchange; less the Term Amount exchanged. The coverage resulting from an
exchange will not be subject to the Contestable and Suicide periods beyond the
date that the exchanged insurance would have been subject to those provisions.
Exchange to Fixed or Variable Whole Life Insurance or to Fixed or Variable
Flexible Premium Adjustable Life Insurance
Any policy resulting from an exchange under this Rider will be issued:
. With a Face Amount equal to the amount of term insurance being exchanged;
. With the same Insured and underwriting class as this Rider;
. On a policy form and at premium rates in use by the Company on the Policy
Date of the new policy;
. With a current Policy Date and Age of Insured; and
. Subject to any assignments and limitations to which this Rider is subject,
and to payment of the first premium for the new policy.
An exchange can be made only with the consent of the Company if: the amount of
term insurance you want to exchange is less than the Company's published minimum
limits of issue; or any rider is to be attached to the new policy.
Exchange for an Increase in Face Amount for This Policy
Any Increase in Face Amount for this Policy resulting from an exchange under
this Rider is subject to:
. The underwriting rules of the Company allowing new Insurance for the amount
of the increase on the same plan at the age of the Insured on the
Adjustment Date;
. The amount of the increase being at least $10,000, except with the consent
of the Company;
. A Monthly Deduction for the increase.
An increase will be effective on the Adjustment Date shown in the new Policy
Schedule.
NEL-44 (continued)
NEL-44
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Automatic Exchange At Age 100
At the Insured's age 100, if a Guaranteed Death Benefit rider is attached to the
Policy and the Benefit is in effect, the Term Amount will be exchanged for an
increase in Face Amount for this Policy. No evidence of insurability will be
required. No Face Amount Increase Administrative Charge will be imposed.
The increase will be effective on the Adjustment Date shown in the new Policy
Schedule.
Termination
This Rider will terminate upon the earliest of: (a) termination of the Policy;
(b) exchange of the full amount of term insurance under the Rider for a new
policy; (c) a decrease in coverage which decreases the Term Amount to zero; (d)
receipt at the Administrative Office of the Company of written election signed
by the Owner of the Policy to terminate the Rider; and (e) the Insured's age
100.
New England Life Insurance Company
501 Boylston Street, Boston, Massachusetts
ABCD ABCD
President Secretary
NEL-44 (continued)
NEL-44
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Table of Guaranteed Monthly Insurance Rates Per $1,000
Policy Number: Specimen Insured: John Smith
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Rider Monthly Rider Monthly Rider Monthly
Year Rate Year Rate Year Rate
1 .1758 23 1.0408 45 7.5875
2 .1867 24 1.1325 46 8.2367
3 .2000 25 1.2308 47 8.9567
4 .2150 26 1.3400 48 9.7708
5 .2325 27 1.4617 49 10.6883
6 .2517 28 1.5992 50 11.6875
7 .2742 29 1.7550 51 12.7458
8 .2967 30 1.9283 52 13.8408
9 .3225 31 2.1183 53 14.9625
10 .3492 32 2.3208 54 16.1058
11 .3792 33 2.5367 55 17.2742
12 .4100 34 2.7658 56 18.4808
13 .4433 35 3.0142 57 19.7483
14 .4783 36 3.2925 58 21.1208
15 .5175 37 3.6083 59 22.6758
16 .5592 38 3.9708 60 24.6583
17 .6083 39 4.3867 61 27.4967
18 .6633 40 4.8492 62 32.0458
19 .7258 41 5.3492 63 40.0167
20 .7967 42 5.8775 64 54.8317
21 .8725 43 6.4267 65 83.3333
22 .9550 44 6.9917
This Rider is adjustable. If it is adjusted, a new Table will supersede this
Table.
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[SIGNATURE APPEARS HERE]
Secretary
NEL-44
NEL-79
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Rider: Waiver of Monthly Deductions -- Disability of Insured
The Company agrees to waive the monthly deductions for the Policy and all Riders
on receipt of proof that total disability of the Insured:
. Started while this Rider was in force; and
. Has continued for at least six months.
Definitions
"Total disability" means disability of the Insured:
. Which results from sickness or accidental bodily injury; and
. Which continuously prevents the Insured from working for pay or profit.
During the first 36 months of disability, "working" means engaging in the
occupation which was the regular occupation of the Insured when total disability
started; and thereafter means engaging in any occupation for which the Insured
is or becomes fit by education, training or experience.
Total disability may be the result of a sickness which began or an injury which
occurred either before or after this Rider was issued.
"Working for pay or profit" includes attending school or college as a full time
student, if that was the main occupation of the Insured when the disability
started.
Total disability will be presumed if, as the result of a sickness or an
accidental bodily injury, the Insured has a total loss, which begins while this
Rider is in force, of:
. Speech; or sight in both eyes; or hearing in both ears; or
. Use of both hands; or use of both feet; or use of one hand and one foot.
Total disability will be presumed as long as the loss continues, even if the
Insured is working for pay or profit.
NEL-79 (continued)
NEL-79
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Exclusion
This Rider does not provide benefits for total disability which results from a
sickness or an injury caused by war or an act of war after the Date of Issue of
this Rider.
Increase in Waiver Coverage
Coverage under this Rider can be increased, subject to the underwriting rules of
the Company, when the Face Amount is increased if the Insured is not totally
disabled. Increase is subject to:
. The terms of the Adjustment Section of the Policy;
. The limits of the Company for Waiver of Monthly Deductions benefits; and
. An increase in the premiums for the Rider.
Application to increase the Face Amount will be deemed to be application to
increase coverage under this Rider also, unless otherwise stated.
Monthly Deductions to be Waived
After total disability has continued for at least six months, monthly deductions
will be waived for the period:
. Which starts on the first day of the policy month in which total disability
started; and
. Which ends at the end of the second full policy month after total
disability ends.
No monthly deductions will be waived beyond the policy anniversary on which the
Insured is age 65, unless total disability has been continuous for the full five
year period which ends on that anniversary.
Monthly deductions will not be waived for any period more than one year before
proof of total disability is received by the Company at its Home Office.
The amount of all monthly deductions made after the start of total disability
but before the Company approves a claim for waiver will be added to the cash
value by the Company when a claim is approved.
NEL-79 (continued)
NEL-79
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Proof of Disability
Proof of total disability must be furnished:
. During the life of the Insured; and
. During the period of total disability; and
. Not more than one year after (a) the due date of a premium in default; or
(b) the policy anniversary on which the Insured is age 65; or (c) the
surrender or maturity of the Policy.
The Company has the right to require proof that total disability continues to
exist. This right will be exercised at reasonable times; but after total
disability has continued for two years, proof will not be required more often
than once a year.
Failure to furnish proof of total disability within the time required will not
void or reduce a claim for benefits if it is shown that:
. It was not reasonably possible to furnish proof within that time; and
. Proof was furnished as soon as reasonably possible.
Policy Benefits
The Policy proceeds will be the same while Monthly Deductions are being waived
as they would be if each Monthly Deduction were paid in cash on the first day of
the policy month.
Premiums For This Rider
Premiums for this Rider are charged as part of the monthly deductions. The
factors for calculating the premiums for the Rider are shown in the Table of
Premium Factors for Waiver of Monthly Deductions.
Date of Issue
The Date of Issue of this Rider is the same as the Date of Issue of the Policy
unless a later Date of Issue is shown for the Rider in the Policy Schedule. The
effective date of this Rider is its Date of Issue.
NEL-79 (continued)
NEL-79
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Not Contestable After Two Years
This Rider will not be contestable after it has been in force during the life of
the Insured, and without the occurrence of total disability of the Insured: (a)
with respect to the original coverage under the Rider, for two years from the
Date of Issue of the Rider; and (b) with respect to each increase in the
coverage under the Rider, for two years from the Adjustment Date of the Policy
for that increase.
Contract
A copy of the application for this Rider is attached to and made a part of the
Rider. This Rider is made a part of the Policy to which it is attached if the
Rider is listed in the Policy Schedule.
Termination
This Rider will terminate upon the earliest of:
. Termination of the Policy;
. An increase in the Face Amount of the Policy which does not qualify for
coverage under this Rider;
. Death of the Insured; and
. Receipt of the Company at its Administrative Office of written election
signed by the Owner of the Policy to terminate the Rider.
New England Life Insurance Company
501 Boylston Street, Boston, Massachusetts
ABCD ABCD
President Secretary
NEL-79 (continued)
NEL-79
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Table of Premium Factors For Waiver of Monthly Deductions -- Disability of
Insured Rider
The monthly premium for the Waiver Rider equals: the current Cost of Insurance,
expense charges and administrative charges for this Policy and the cost of any
riders; times the Factor from the Table for the attained age of the Insured.
This premium is part of the Policy's Monthly Deduction.
Age Factor Age Factor
20 .0108 42 .0277
21 .0114 43 .0297
22 .0119 44 .0319
23 .0123 45 .0344
24 .0128 46 .0372
25 .0133 47 .0407
26 .0136 48 .0449
27 .0141 49 .0503
28 .0145 50 .0571
29 .0150 51 .0657
30 .0155 52 .0765
31 .0160 53 .0899
32 .0166 54 .1065
33 .0172 55 .1266
34 .0178 56 .1522
35 .0186 57 .1742
36 .0195 58 .1987
37 .0205 59 .2259
38 .0216 60 .1273
39 .0229 61 .1026
40 .0244 62 .0760
41 .0259 63 .0472
64 .0177
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ABCD
Secretary
NEL-79
NEV-84
Rider: Change to a New Insured
The Company agrees that after the first policy year the Policy to which this
Rider is attached can be changed to a new policy on the life of a new insured.
Conditions
The change can be made only:
. Upon application signed by the Owner of this Policy and by the new insured;
. Subject to proof that the new insured is insurable;
. If the age of the new insured on the Policy Date of the new policy is at
least 1 and the age of the new insured on the Date of Issue of the new
policy is less than 70;
. If the Owner of this Policy has an insurable interest in the life of the
new insured; and
. If the Insured under this Policy is living on the Date of Issue of the new
policy.
Riders can be attached to the new policy only with the consent of the Company.
This Policy will terminate at the end of the day prior to the Date of Issue of
the new policy. The new policy will take effect on its Date of Issue.
The New Policy
The new policy will be issued:
. On the same plan of Variable Life insurance as this Policy;
. With a Policy Date, a Face Amount and a Death Benefit Option the same as
this Policy;
. With a Cash Value on its Date of Issue which is equal to the Cash Value of
this Policy on the date it terminates;
. Subject to any assignments and Policy Loans on this Policy; and
. Subject to any change cost.
The Date of Issue of the new policy will be the first day of the policy month
which starts on or next follows:
. The approval by the Company of the application for the change; and
. Payment to the Company of any change cost.
Change Cost and Change Credit
There will be a change cost if there is an increase in the Net Cash Value as a
result of the change.
There will be a change credit payable to you if there is a decrease in the Net
Cash Value as a result of the change.
A detailed statement of the methods of computing the change cost and change
credit have been filed, where required, with the Insurance Department of the
state in which the Policy is delivered.
Contract
This Rider is made a part of the Policy to which it is attached if the Rider is
listed in the Policy Schedule. This Rider has no cash value.
Termination
This Rider will terminate upon the earliest of: (a) lapse, termination or
maturity of the Policy; (b) change of the Policy to a new policy under the
provisions of the Rider; and (c) change of ownership of the Policy.
New England Variable Life Insurance Company
Administrative Office:
501 Boylston Street, Boston, Massachusetts
Robert A. Shafto H. James Wilson
/s/ /s/
President Secretary
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RIDER: ACCELERATION OF BENEFITS
RECEIPT OF ACCELERATED BENEFITS MAY BE TAXABLE. THEREFORE, PRIOR TO EXERCISING
THE OPTION, YOU SHOULD CONSULT A PERSONAL TAX ADVISOR TO DETERMINE ANY TAX
CONSEQUENCES.
THE COMPANY agrees to pay an accelerated benefit to the Owner of the Policy if
the Insured is terminally ill. This agreement is subject to the following
provisions.
ELIGIBLE PROCEEDS
Eligible Proceeds equal: the amount of insurance provided under the basic
Policy; minus any Policy Loan and accrued loan interest; plus the amount of
benefit provided by any rider the Company consents to exchange for an
accelerated benefit. Eligible Proceeds will be calculated as of the date your
request for accelerated benefits is received by the Company at its Home Office.
When all of the Eligible Proceeds are exchanged: any rider covering the
Insured's children will become fully paid-up with no further premiums due; and
the Policy and its other riders will terminate.
The Company will not allow the exchange of more than $250,000 of Eligible
Proceeds on the life of any insured for accelerated benefits.
BENEFIT BASE
The accelerated benefit will be calculated using the Policy's Benefit Base. The
Company will compute the Benefit Base by discounting the Eligible Proceeds being
exchanged, using its then current assumptions. The Company's assumptions may
change from time to time. Also, the computation of the amount of Benefit Base
will reflect:
. The life expectancy of the Insured;
. The Net Cash Value on the date used to calculate the Eligible
Proceeds;
. The Death Benefit on the date used to calculate the Eligible Proceeds;
. Expected future mortality and expense charges;
. Interest at a rate set by the Company; and
. A processing charge of not more than 3% of the Benefit Base before the
charge.
NEL-1581-1 (continued)
You may choose to have the benefits paid to you: in one sum; or in monthly
payments, if each payment is at least $20. The amount of monthly payments
available will be quoted upon request.
If the Insured dies before all monthly payments are made, the present value of
any payments not yet made will be paid to the Beneficiary.
Once an Option is chosen and benefits are being paid: the amount exchanged
cannot be reduced; the number of payments cannot be changed; and the form of
payment cannot be changed.
The obligations of the Company are subject to all payments made and actions
taken by the Company under the Policy before it receives at its Home Office
proof of the Insured's death.
TERMINAL ILLNESS OPTION
You can exercise this Option if the Insured has a medical condition that is
expected to result in death within six months.
To exercise this Option, you must
request acceleration in written form satisfactory to the Company. Also, you must
provide the Company with:
. Certification signed by a licensed medical doctor that the Insured has
a medical condition that is expected to result in death within six
months; and
. Any other information needed by the Company to process your request.
The certification must be supported by evidence satisfactory to the Company.
The Company may require a second opinion by a licensed medical doctor chosen by
the Company, at the Company's expense. This right will be exercised at places
convenient to the Insured.
PARTIAL ACCELERATION OF BENEFITS
If the Company consents, you may exchange less than the full amount of Eligible
Proceeds for an accelerated benefit.
NEL-1581-1 (continued)
CONDITIONS
The Company will accelerate benefits subject to the following conditions:
. The Policy must be in force.
. Every assignee must give written consent to the acceleration in a
form satisfactory to the Company.
. Every irrevocable beneficiary must give written consent to the
acceleration in a form satisfactory to the Company.
. Company consent must be given if there are less than 5 years
remaining until the Policy will contractually expire or mature.
. You are not being required by law to use the accelerated benefits
to meet the claims of any creditors, whether in bankruptcy or
not.
. You are not being required by a government agency to accelerate
benefits in order to apply for, obtain or keep a government
benefit or entitlement.
. Insurance subject to contestable and suicide provisions will not
be included in the Eligible Proceeds.
CONTRACT
This Rider is made a part of the Policy to which it is attached if the Rider is
listed in the Policy Schedule. This Rider has no cash value.
DATE OF ISSUE
The Date of Issue of the Rider is the same as the Date of Issue of the Policy
unless a later Date of Issue is shown for the Rider in the Policy Schedule. The
effective date of the Rider is its Date of Issue.
TERMINATION
This Rider will terminate upon the earliest of: (a) termination or maturity of
the Policy; (b) exercise of this Rider; (c) the date on which this Policy would
be disqualified as life insurance under the Internal Revenue Code as interpreted
by the Internal Revenue Service or a court of competent jurisdiction because
this Rider is attached; (d) receipt by the Company at its Home Office of written
election signed by the Owner of the Policy to terminate the Rider; and (e) the
death of the Insured.
NEW ENGLAND LIFE INSURANCE COMPANY
501 Boylston Street, Boston, Massachusetts
/s/ Robert A. Shafto /s/ Daniel D. Jordan
President Secretary
NEL-1581-1
Exhibit 1.A. 5.(b)
NEV-40
Rider: Temporary Term Insurance
The Company agrees that the Policy and its Riders will be in force as temporary
term insurance from the Date of Issue to the Policy Date. During that period the
amounts of insurance under the Policy and its Riders will be the same as the
amounts on the Policy Date.
The premium for this Rider is due on the Date of Issue in the amount shown in
the Policy Schedule.
During the temporary term insurance period the Policy will have no cash or loan
value.
This Rider is made a part of the Policy to which it is attached if the Rider is
listed in the Policy Schedule.
New England Variable Life Insurance Company
501 Boylston Street, Boston, Massachusetts
John A. Fibiger Kernan F. King
/s/ /s/
President Secretary