Finally Affordable Life Insurance
You Design to Meet Your Needs

• This plan is a participating custom-built life insurance package consisting of Whole Life insurance and Additional Protection Benefit (APB).

• Premiums are paid for the life of the insured.

• The Additional Protection Benefit consists of two parts; term insurance and paid-up life insurance (dividend additions).

• Generally, the plan provides a level death benefit for all of life. As the paid-up insurance benefit increases, the term insurance benefit proportionately decreases. Thus, the term insurance benefits are automatically converted to permanent paid-up insurance.

• Premiums for the Whole Life portion are level and guaranteed.

• Premium rates for the Additional Protection Benefit are guaranteed for 20 years, or to age 70, if earlier.

• Dividends are payable on the Whole Life plan and the APB benefit beginning at the end of the second year.

Dividend Options

Dividends on the APB benefit are always applied to purchase dividend additions. These dividend additions are used to reduce the amount of APB term insurance and are referred to as INSIDE ADDITIONS.

The dividends on the Whole Life portion can be applied under option #4, dividend additions, and can be combined with the APB dividend additions and used to reduce the APB term benefit (INSIDE ADDITIONS), or left outside the APB benefit (OUTSIDE ADDITIONS) and added to the total death benefit under the contract. The applicant must make this election  at issue.

The other dividend options are also available for the Whole Life portion. The decision to elect INSIDE versus OUTSIDE ADDITIONS on the Whole Life portion depends upon the applicant's initial need for the availability of more cash value (INSIDE ADDITIONS) or more death benefit protection (OUTSIDE ADDITIONS). However, once OUTSIDE ADDITIONS are applied, the purchase of INSIDE ADDITIONS will not be permitted.

Forfeiture of APB Term Insurance

Because of the product design, the dividend option on the APB and the election of INSIDE ADDITIONS on the Whole Life portion may not be changed without forfeiting the term insurance portion of the APB. Surrendering INSIDE ADDITIONS on the APB will also result in forfeiture of the term insurance portion. It is most important for the policy owner to be aware of this prior to making such a decision.

Convertibility Of APB Term Insurance

The remaining term portion of the APB is eligible for conversion to a new policy without evidence of insurability, provided the entire amount is converted and the premium for the APB is eliminated. The conversion shall be on an attained age basis for the same class as the original contract. Conversion must be done on or before the anniversary date nearest the insured's age 75. Conversion may be made to any permanent plan of insurance offered by the Order at the time of the conversion. Conversions will be accepted effective upon policy anniversary. If the premium paid for the converted policy is not from new money no commission will be payable on the converted contract. It should be noted that any conversion which occurs during the first seven policy years may cause the existing Discoverer plan to become a Modified Endowment Contract (MEC).

Availability

Issue Ages 0-75.

Minimums

$50,000 Total (Whole Life and APB)

5,000 Whole Life ($5,250 if spousal IPR attached)

25,000 Additional Protection Benefit

Note: The ratio of Additional Protection Benefit to Whole Life insurance cannot exceed 98 to 1.