EXHIBIT 1.A.(13)(b)
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RIDER FOR LEVEL TERM INSURANCE BENEFIT ON LIFE OF INSURED -CHARGES INCREASE
ANNUALLY
This benefit is a part of this contract only if it is listed on a contract data
page.
Benefit
We will pay an amount under this benefit if we receive due proof that the
Insured died: (1) in the term period for the benefit; and (2) while this
contract is in force and not in default past the last day of the grace period.
But our payment is subject to all the provisions of this rider and of the rest
of this contract.
We show the amount of term insurance under this benefit on a contract data page.
We also show the term period for the benefit there. The term period starts on
the contract date. The anniversary at the end of the term period is part of that
period.
Benefit Charges
The monthly charge for this benefit is deducted on each monthly date from the
contract fund. The amount of that charge is shown under Adjustments to the
Contract Fund. Monthly charges for this benefit stop on the anniversary at the
end of the term period.
This benefit has no cash value, but it can affect the cash value of the
contract.
CONVERSION TO ANOTHER PLAN OF INSURANCE
Right to Convert
You may convert this benefit to a new contract of life insurance on the
Insured's life. You will not have to prove that the Insured is insurable.
Conditions
You must ask for the conversion in a form that meets our needs, while this
contract is in force and not in default past the last day of the grace period,
and on or before the fifth contract anniversary. We may require you to send us
this contract.
The new contract will not take effect unless the modal premium for it is paid
while the Insured is living and within 31 days after its contract date. If the
premium is paid as we state, it will be deemed that the new contract took effect
on its contract date and that this benefit ended just before that date.
Premium Credit
Upon conversion to a new contract with scheduled premiums, we will allow a
credit, as described below, on each premium that is due or scheduled for payment
during the first year of the new contract. Upon conversion to a new contract
without scheduled premiums, we will allow a credit as of the contract date
provided
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you pay any required minimum initial premium for the new contract.
If this benefit has been in force for at least one year on the contract date of
the new contract, we will allow the full credit described below. If this benefit
has been in force for less than one year as of that date, the credit will be
reduced on a pro-rata basis taking into consideration the portion of a year for
which this benefit has then been in force.
The full credit is equal to the monthly charges deducted from the contract fund
for the benefits being converted under this rider during the twelve months
preceding the date of the new contract, less 20% of any of those premiums that
were due prior to the first anniversary of this contract. Extra charges for
extra risks or extra benefits other than a waiver benefit are not considered in
determining this credit.
If the new contract has scheduled premiums, we will reduce each premium due or
scheduled for payment in the first year of the new contract to consider either
the full or reduced credit, as appropriate. If more than one premium is due or
scheduled for payment, we will apportion any credit between them. If the new
contract does not have scheduled premiums, we will pay either the full or
reduced credit, as appropriate, into the new contract as of the contract date
provided you pay any required minimum initial premium for the new contract.
Contract Date
If this contract is not in default, you may choose any contract date for the new
contract that is not more than 31 days after nor more than 31 days before the
date we receive your request, and not later than the fifth contract anniversary.
If this contract is in default but not past the last day of the grace period,
the contract date for the new contract will be the date on which this contract
went into default.
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Contract Specifications
The new contract will be in the same rating class as this contract. We will set
the issue age, premiums and charges for the new contract in accordance with our
regular rules in use on its contract date.
Except as we state in the next sentence, the new contract may be any life or
endowment policy we regularly issue on its contract date for the same rating
class, amount, issue age and sex. It may not be: a single-premium contract; one
that insures anyone in addition to the Insured; one that includes or provides
for term insurance, other than extended insurance; one with premiums that
increase after a stated time, if its first premium is less than 80% of any later
premium; or one with any benefit other than the basic insurance benefit and the
waiver benefit we refer to below. A waiver benefit may either waive or pay
premiums in the event of the Insured's total disability.
The basic amount of the new contract may be any amount you ask for as long as it
is at least $10,000 and not more than the amount of term insurance for this
benefit. If the amount you want is smaller than the smallest amount we would
regularly issue on the plan you want, we will issue a new contract for as low as
$10,000 on the Life Paid Up at Age 85 plan if you ask us to.
If this contract has a benefit for paying premiums in the event of the Insured's
total disability, we will include a waiver benefit in the new contract if its
premium period runs to at least the Insured's attained age 85
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and if we would include a waiver benefit in other contracts like the new one.
We will not deny a waiver benefit that we would have allowed under this
contract, and that we would otherwise allow under the new contract, just because
total disability started before the contract date of the new contract. Any
premium to be waived or paid for total disability under the new contract must be
on the monthly mode. We will not waive or pay any premium under the new contract
unless it has a waiver benefit, even if we have paid premiums into this contract
due to the Insured's total disability.
Any waiver benefit in the new contract will be the same one, with the same
provisions, that we put in other contracts like it on its contract date. In any
of these paragraphs, when we refer to other contracts, we mean contracts we
would regularly issue on the same plan as the new contract and for the same
rating class, amount, issue age and sex.
Changes
You may be able to have this benefit changed to a new contract of life insurance
other than in accordance with the requirements for conversion that we state
above. But any
change may be made only if we consent, and will be subject to conditions and
charges that are then determined.
TERMINATION OF BENEFIT
This benefit will end on the earliest of:
1 The end of its term period;
2 the end of the last day of the grace period if the contract is in default;
3 the end of the last day before the contract date of any other contract to
which the benefit is converted or changed;
4 the date the contract is surrendered for its net cash value; and
5 the date the contract ends for any other reason.
Further, if you ask us in a form that meets our needs, we will cancel the
benefit as of the first monthly date on or after the date we receive your
request. Monthly charges due then and later will be reduced accordingly.
This Supplementary Benefit rider attached to this contract on the Contract Date
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