An Automatic Premium Loan is a non-forfeiture option that is elected at the time of application. It is an option that allows the policy to stay in force if the premium is not paid and the policy has cash value. If a premium has not been paid within 60 days from the due date, we will automatically take a loan, in the amount of the premium, against the cash value and apply it to the premium due. Whenever, an Automatic Premium Loan occurs the owner will receive a notice informing them of the transaction.

The owner of the policy may request a loan by completing the Policy Loan section of the Policy Change Request Form. In order to take the maximum loan available the policy must be paid to the current year's policy anniversary. If the policy is not paid to the anniversary a loan amount lower than the maximum may be taken. The owner may contact our Customer Service Centerto get further information on the maximum loan amount available.

A loan on your life insurance policy is taken by borrowing against the cash value of the policy. Loans do not need to be repaid but the loan balance will be deducted from the face amount of the policy upon the death of the insured. Loans do accrue interest daily, at an annual interest rate, as stated in the policy. The owner will be billed for the interest due, approximately 30 days prior to the policy anniversary. If interest is not paid by the policy anniversary, the interest will be added to the loan balance.

A duplicate policy may be requested by the owner by completing the Request for Certificate of Insurance/Duplicate Policy Form. This form must be notarized.

This option is available if the policy has accumulated dividends or paid up additional insurance. It authorizes the Company to automatically withdraw and pay the annual premium from the accumulated dividends or cash value of the paid up additional insurance.

If the policy has accumulated dividends or dividends are being used to purchase additional insurance, the owner can withdraw the dividends at any time by completing the Surrender of Dividends section of the Policy Change Request Form. The surrendered dividends can be: sent to the owner by check; used to pay a premium; or used to reduce the loan balance. Please note, if the policy has a current loan balance that is close to the cash value balance, all of the dividends are not available for surrender as it may cause termination of the policy due to negative value.

Dividends are applied on the policy anniversary. If the dividend option is to receive a check, the owner should receive the check within 5 to 7 business days from the policy anniversary date.

The dividend option can be changed, by the owner, any time 30 days prior to the policy anniversary and will be effective as of the next policy anniversary. The owner can change the dividend option by completing the Change of Dividend section of the Policy Change Request From.

If your policy is currently earning dividends, the owner may receive dividends in one of the following options:

• Receive a check
• Apply the dividend towards the premium
• Purchase paid-up additional insurance
• Have dividend accumulate with interest
• Purchase one year term insurance or
• Apply the dividend towards the loan balance

Please contact our home office at 1-866-826-8471 and listen to the prompt for the Claims Department. The appropriate paperwork will be mailed to the person eligible to receive the claim proceeds in accordance with the current policy records.