We all know the importance of life insurance. We also know flying is rarely covered by many of the standard

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1 Officially Sponsored Group Term Life Insurance THE EAA TERM LIFE INSURANCE PLAN FEA- TURES SPECIAL AVIATION COVERAGE INCLUDING ULTRALIGHTS AND STUDENT PILOTS... We all know the importance of life insurance. We also know flying is rarely covered by many of the standard commercial insurance companies. Those insurance companies that do add coverage for flying activities usually only do so after charging additional premiums. Good news for EAA Members---EAA sponsors a Group Term Life Insurance Plan with SPECIAL AVIATION COVERAGE!! This plan was created with the varied flying activities of EAA Members in mind, and the affordable premiums aren t sky high. SPECIAL AVIATION COVERAGE INCLUDING ULTRALIGHTS AND STUDENT PILOTS...this is coverage that you probably won t find in many other life insurance programs. And now, Ultralights are also covered! See inside for specific details. Other special benefits:! Student pilot coverage! Aerobatic pilot coverage! Ultralight pilot coverage! Accelerated Benefits for terminal illness! Waiver of premium for disability! Non-smokers save up to 33%! Special waiver of premium for professional pilots NEW ENHANCED BENEFIT!! INCLUDES AVIATION & ULTRALIGHT COVERAGE OFFICIALLY SPONSORED

2 A PLAN FOR AVIATION ENTHUSIASTS AND THEIR FAMILIES CHOOSE YOUR BENEFIT- FROM $10,000 UP TO $300,000! Take a good look at your financial needs and responsibilities... assess how much life insurance protection you and your family need.! It is widely recommended that you carry FIVE to SEVEN TIMES YOUR ANNUAL INCOME in life insurance protection. How much do you have now?! The Special Aviation Coverage included provides up to $150,000 for covered aviation activities. WHO IS ELIGIBLE?! You are eligible for an additional $150,000 of coverage (for non-aviation events) for a total benefit of $300,000.! Active members under age 65 and their legal spouses under age 65 are eligible to apply for up to $300,000 in $10,000 increments.! All of your unmarried, dependent children from 15 days to 19 years (to age 25 if enrolled full-time in an accredited school or college) are also eligible. Children ages 15 days to 6 months are eligible for $250 of life insurance... children ages 6 months and older are eligible for $2,500 of life insurance.! Your spouse can also choose benefits up to $300,000 in $10,000 increments... even if you choose not to apply. ACCELERATED BENEFITS FEATURE The Accelerated Benefits provision gives you peace of mind for yourself and your family. If you are diagnosed as terminally ill, you may elect to receive a one-time payment prior to your death. A terminal illness is a condition where your life expectancy is 12 months or less. (Certain exclusions apply and these benefits may be taxable. Consult your tax advisor for details.) The payment is equal to a maximum of one-half of your total Life Insurance Benefit (less a discount for interest). Upon your death, your beneficiary will receive the balance of your life insurance benefit. These benefits are available to insured members and spouses under age 70. Children s coverage does not include Accelerated Benefits. WAIVER OF PREMIUM FOR DISABILITY If you become totally disabled before age 60 and remain disabled (as defined in the policy)for 6 consecutive months, insurance will continue without payment of premium until the total disability ends, you reach age 75, or you enter full-time active military duty. Proof of diability is required. NON-SMOKERS SAVE UP TO 33% All non-smokers are eligible for up to 33% savings on the Plan s already affordable rates! Percentage of savings is affected only by age. Your good health habits are rewarded with big savings! SPECIAL WAIVER OF PREMIUM FOR PROFESSIONAL PILOTS If you are a professional pilot and lose your pilot s certification because of an inability to pass the Class I or Class II physical examination, you will be considered disabled and your life insurance will continue without payment of premium (for up to 3 years or until you are recertified, whichever comes first). A professional pilot is any licensed pilot employed as a pilot for 35 or more hours per week. SPECIAL AVIATION COVERAGE: You and/or your covered spouse are eligible for the chosen Life Insurance Benefit - up to $150,000, if death occurs while riding as a pilot or crew member: in an airplane performing (including aerobatics) at an EAA Fly-In or an EAA/International Aerobatics Club sanctioned event; or while flying or riding in an airplane which has a valid and current airworthiness certificate issued by the FAA; or in a scheduled airline. Benefits up to 50% of the chosen Life Insurance Benefit Amount, or $75,000 (whichever is less), are payable for loss of life while riding as a pilot or crew member in an airplane performing (including aerobatics) at a non-eaa sponsored air show held in conformance with FAA regulations. STUDENT PILOT COVERAGE If you are riding as a student pilot and die as a result of an accident while at the controls of the aircraft, benefits are payable up to the Life Insurance Benefit Amount or $75,000 (whichever is less). See Certificate for definition of Student Pilot.

3 SPECIAL AVIATION COVERAGE TO A MAXIMUM OF $150,000 SEMI-ANNUAL PREMIUMS PER $10,000 BENEFIT Age of Member or Spouse Under * 70-74* Smoker $11.90 $12.10 $12.60 $17.70 $28.40 $43.10 $56.50 $84.70 $ $93.20 $74.00 Non-Smoker $ 9.20 $ 9.50 $10.00 $12.50 $18.80 $28.70 $40.10 $66.40 $93.20 $74.60 $58.80 *For renewal purpose only; only those under age 65 are eligible to apply. SEMI-ANNUAL RATE FOR CHILDREN: $6.00 to cover all your eligible dependent children (See Who is Eligible section for amount of insurance). NOTES: 1) All rates are based on the applicant s age when insurance becomes effective and on attained age at renewal dates. Rates increase as the insured enters a new age bracket. You will not be singled out for a rate increase, but the Insurance Company reserves the right to increase rates on a class-wide basis. Benefits reduce to 50% or $50,000, whichever is less, at age 65 and further reduce by 50% at age 70. Coverage terminates at age 75. 2) Non-smoker rates apply to members and/or spouses who have not used tobacco in any form in the past 12 months. UP TO $150,000 ADDITIONAL COVERAGE (WITHOUT AVIATION BENEFITS) or UP TO $300,000 LIFE COVERAGE FOR NON-FLYING MEMBERS AND/OR SPOUSES TO A MAXIMUM OF $300,000 SEMI-ANNUAL PREMIUMS PER $10,000 BENEFIT Age of Member or Spouse Under * 70-74* Smoker $ 8.93 $ 9.08 $ 9.70 $13.28 $24.14 $36.64 $53.68 $84.70 $ $93.20 $74.00 Non-Smoker $ 6.90 $ 7.13 $ 7.50 $9.38 $14.10 $23.82 $35.29 $58.43 $ $74.60 $58.80 *For renewal purpose only; only those under age 65 are eligible to apply. SEMI-ANNUAL RATE FOR CHILDREN: $6.00 to cover all your eligible dependent children (See Who is Eligible section for amount of insurance). NOTES: 1) All rates are based on the applicant s age when insurance becomes effective and on attained age at renewal dates. Rates increase as the insured enters a new age bracket. You will not be singled out for a rate increase, but the Insurance Company reserves the right to increase rates on a class-wide basis. Benefits reduce to 50% or $50,000, whichever is less, at age 65 and further reduce by 50% at age 70. Coverage terminates at age 75. 2) Non-smoker rates apply to members and/or spouses who have not used tobacco in any form in the past 12 months. TO FIGURE YOUR PREMIUM: 1.Find the semi-annual premium for your age and your spouse s (if applying). 2.Multiply that amount by the number of $10,000 units of coverage you need (maximum of 30 units or $300,000). 3.Add $6 for all eligible dependent children (optional). FOR EXAMPLE: If you are 38, don t smoke and need $100,000 of coverage for yourself and coverage for your children: SEMI-ANNUAL PREMIUM = $12.50 (Non-Smoker/flyer) MULTIPLY by 10 UNITS x10 (For $100,000 coverage) $ Add a $2 processing fee. PLUS CHILDREN (optional) PLUS PROCESSING FEE NOTE 1: If combining coverages from both plans, calculate separately, add together and add only one $2.00 processing fee. NOTE 2: If combining coverages from both plans, maximum combined amount is $300,000 per insured. SAVE MONEY - If you pay by automatic bank draft, you spread your cost out and you save the processing fee. Just divide the semi-annual cost (without processing fee) by six and complete the enclosed authorizationform.

4 CONVERSION RIGHTS If coverage terminates for any reason, except for non-payment of premium or reaching the maximum age, you and/or your covered dependents may be eligible to convert the life insurance to an individual policy underwritten by The United States Life Insurance Company. The conversion opportunity is limited when coverage terminates due to policy termination. The Certificate will contain specific details. COVERAGE TERMINATION Once insured, your coverage continues until you reach age 75 (spouse s coverage also terminates at age 75) provided you remain an EAA Member or spouse of a member, pay your premiums when due, and the Group Policy remains in force. However, coverage will terminate on the date you enter the armed forces for full-time active duty. EFFECTIVE DATE Coverage becomes effective following approval of the Application and receipt of the required premium. If you cannot perform the normal activities of a person of like age and sex with like occupation or retired status on the date that coverage would begin, then coverage will not begin until the date you resume such normal activity. 30 DAY GUARANTEE When you receive your Certificate of Insurance, read it over carefully... show it to a trusted advisor or friend. If the EAA Term Life Insurance Plan is less than what you had expected, just mail your Certificate back to the Insurance Administrator within 30 days and any money you ve paid will be promptly refunded. Your satisfaction is guaranteed 100%! For more information contact the plan administrators: LIMITATIONS AND EXCLUSIONS: Benefits will not be payable for death occurring by suicide, while sane or insane, within 2 years of the covered person s effective date of insurance. No benefits will be paid for any loss resulting from or caused by an aviation accident if the aircraft is being used for commercial advertising, banner towing, skywriting, fire fighting, crop dusting, spraying or seeding, pipeline or power line inspection; speed racing; while making an attempt at record setting flight or endurance test; for aerial photography or exploration, skydiving or hang gliding; if pilot is unlicensed; if aircraft is uncertified by the FAA; or if operated in willful and intentional violation of current FARs and such violation is a causal factor of the loss. Also excluded is death while flying in an aircraft which requires a special permit from the FAA unless the permit is required solely because of the territory flown over or landed on; and in the specific case, when an aircraft is flown outside of the United States, its protectorates and territories, and Canada, the aircraft is not privately owned by the pilot who is a member of the Experimental Aircraft Association. Please note... This summary is an outline of benefits only. It is not a contract. Terms and conditions of coverage are set forth in Policy #G- 197,501, issued in Alabama, to the Trustee of the Qualified Association and Organization Trust. The Group Policies are subject to the laws of the jurisdiction in which they are issued. You are eligible for coverage under only one certificate under a Group Policy. Coverage is currently available in most states. The availability of this offer may change. HARVEY WATT & CO. EAA GROUP INSURANCE PLANS PO Box 20787, Atlanta Airport Atlanta, Georgia Toll Free: (800) Underwritten by: THE UNITED STATES LIFE Insurance Company An American General Company Sponsored by: EAA PO Box 3086 Oshkosh, WI

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