Voluntary Life Insurance with Accidental Death and Dismemberment (AD&D) SUMMARY OF BENEFITS

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1 Voluntary Life Insurance with Accidental Death and Dismemberment (AD&D) SUMMARY OF BENEFITS Sponsored by: Waynflete School Life Benefit Employee Spouse Dependent Amount Choice of $10,000 increments Not to exceed 5 times your annual salary Employees age 70 and older, maximum benefit is $50,000 Choice of $5,000 increments Employee must elect coverage for spouse to be eligible. Not to exceed 50% of employee elected amount. $250 Child: 14 days to 6 months Choice of $2,500, $5,000 or $10,000 Child: 6 months to age 19 (to age 25 if full-time student) Newborn children to age 14 days are not eligible for a benefit Minimum Amount $10,000 $5,000 $2,500 Maximum Amount $500,000 $250,000 $10,000 Guarantee Issue for Newly Eligible Employees Current Eligible Employees $150,000 $50,000 $10,000 You or your spouse may elect or increase insurance coverage up to 2 increments on a guaranteed acceptance basis during your company's defined annual open enrollment period, provided that you or your spouse have not been previously declined for coverage. AD&D Benefit Employee Spouse Amount Benefit Reduction Employee Benefit amount equal to the life amount elected by you. Cost included in the schedule. Benefits will reduce: 35% at age 65 An additional 15% of original amount at age 70 Benefits terminate at retirement Additional Benefits Accelerated Death Benefit Portability Conversion Seat Belt, Airbag, and Common Carrier Accident Plus Same as employee Spouse 35% at spouse age 65 Benefits terminate at spouse age 70 Eligibility Employee Spouse and Dependents All full-time employees working 30 or more hours per week in an eligible class are eligible for coverage. A delayed effective date will apply if the employee is not actively at work. Employee must elect coverage for dependents to be eligible. Cannot be in a period of limited activity on the day coverage takes effect.

2 Employee Premium Non-Smoker $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 < $.43 $.87 $1.30 $1.74 $2.17 $2.60 $3.04 $3.47 $3.90 $ $.40 $.79 $1.19 $1.59 $1.98 $2.38 $2.78 $3.18 $3.57 $ $.43 $.87 $1.30 $1.74 $2.17 $2.60 $3.04 $3.47 $3.90 $ $.56 $1.12 $1.68 $2.23 $2.79 $3.35 $3.91 $4.47 $5.03 $ $.73 $1.47 $2.20 $2.94 $3.67 $4.40 $5.14 $5.87 $6.60 $ $1.10 $2.21 $3.31 $4.41 $5.52 $6.62 $7.72 $8.82 $9.93 $ $1.61 $3.22 $4.83 $6.44 $8.05 $9.66 $11.28 $12.89 $14.50 $ $2.53 $5.06 $7.59 $10.12 $12.65 $15.18 $17.70 $20.23 $22.76 $ $3.64 $7.28 $10.92 $14.57 $18.21 $21.85 $25.49 $29.13 $32.77 $ $6,500 $13,000 $19,500 $26,000 $32,500 $39,000 $45,500 $52,000 $58,500 $65, $4.02 $8.04 $12.06 $16.08 $20.10 $24.12 $28.14 $32.16 $36.18 $ $5,000 $10,000 $15,000 $20,000 $25,000 N/A N/A N/A N/A N/A $5.52 $11.05 $16.57 $22.10 $27.62 N/A N/A N/A N/A N/A 75+ $5,000 $10,000 $15,000 $20,000 $25,000 N/A N/A N/A N/A N/A $11.42 $22.83 $34.25 $45.66 $57.08 N/A N/A N/A N/A N/A Use this formula to calculate premium for benefit amounts over $100,000. Age Rate Per X Benefit In s = Cost X 150 = $8.37 Dependent Children Rate

3 Spouse Premium Non-Smoker Spouse premiums will be calculated based on Spouse age. $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 < $.22 $.43 $.65 $.87 $1.08 $1.30 $1.52 $1.74 $1.95 $ $.20 $.40 $.60 $.79 $.99 $1.19 $1.39 $1.59 $1.79 $ $.22 $.43 $.65 $.87 $1.08 $1.30 $1.52 $1.74 $1.95 $ $.28 $.56 $.84 $1.12 $1.40 $1.68 $1.95 $2.23 $2.51 $ $.37 $.73 $1.10 $1.47 $1.83 $2.20 $2.57 $2.94 $3.30 $ $.55 $1.10 $1.65 $2.21 $2.76 $3.31 $3.86 $4.41 $4.96 $ $.81 $1.61 $2.42 $3.22 $4.03 $4.83 $5.64 $6.44 $7.25 $ $1.26 $2.53 $3.79 $5.06 $6.32 $7.59 $8.85 $10.12 $11.38 $ $1.82 $3.64 $5.46 $7.28 $9.10 $10.92 $12.75 $14.57 $16.39 $ $3,250 $6,500 $9,750 $13,000 $16,250 $19,500 $22,750 $26,000 $29,250 $32, $2.01 $4.02 $6.03 $8.04 $10.05 $12.06 $14.07 $16.08 $18.09 $ N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Use this formula to calculate premium for benefit amounts over $50,000. Age Rate Per X Benefit In s = Cost X 75 = $4.19 Dependent Children Rate

4 Employee Premium - Smoker $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 < $.60 $1.19 $1.79 $2.38 $2.98 $3.57 $4.17 $4.76 $5.36 $ $.53 $1.06 $1.59 $2.12 $2.65 $3.18 $3.72 $4.25 $4.78 $ $.59 $1.17 $1.76 $2.34 $2.93 $3.52 $4.10 $4.69 $5.28 $ $.83 $1.65 $2.48 $3.30 $4.13 $4.96 $5.78 $6.61 $7.44 $ $1.21 $2.42 $3.63 $4.84 $6.05 $7.26 $8.46 $9.67 $10.88 $ $1.85 $3.69 $5.54 $7.38 $9.23 $11.08 $12.92 $14.77 $16.62 $ $3.00 $5.99 $8.99 $11.98 $14.98 $17.97 $20.97 $23.96 $26.96 $ $4.13 $8.25 $12.38 $16.50 $20.63 $24.76 $28.88 $33.01 $37.14 $ $5.60 $11.21 $16.81 $22.41 $28.02 $33.62 $39.22 $44.82 $50.43 $ $6,500 $13,000 $19,500 $26,000 $32,500 $39,000 $45,500 $52,000 $58,500 $65, $5.93 $11.86 $17.78 $23.71 $29.64 $35.57 $41.50 $47.42 $53.35 $ $5,000 $10,000 $15,000 $20,000 $25,000 N/A N/A N/A N/A N/A $7.95 $15.91 $23.86 $31.82 $39.77 N/A N/A N/A N/A N/A 75+ $5,000 $10,000 $15,000 $20,000 $25,000 N/A N/A N/A N/A N/A $14.72 $29.43 $44.15 $58.86 $73.58 N/A N/A N/A N/A N/A Use this formula to calculate premium for benefit amounts over $100,000. Age Rate Per X Benefit In s = Cost X 150 = $12.39 Dependent Children Rate

5 Spouse Premium - Smoker Spouse premiums will be calculated based on Spouse age. $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 < $.30 $.60 $.89 $1.19 $1.49 $1.79 $2.08 $2.38 $2.68 $ $.27 $.53 $.80 $1.06 $1.33 $1.59 $1.86 $2.12 $2.39 $ $.29 $.59 $.88 $1.17 $1.47 $1.76 $2.05 $2.34 $2.64 $ $.41 $.83 $1.24 $1.65 $2.07 $2.48 $2.89 $3.30 $3.72 $ $.60 $1.21 $1.81 $2.42 $3.02 $3.63 $4.23 $4.84 $5.44 $ $.92 $1.85 $2.77 $3.69 $4.62 $5.54 $6.46 $7.38 $8.31 $ $1.50 $3.00 $4.49 $5.99 $7.49 $8.99 $10.48 $11.98 $13.48 $ $2.06 $4.13 $6.19 $8.25 $10.32 $12.38 $14.44 $16.50 $18.57 $ $2.80 $5.60 $8.40 $11.21 $14.01 $16.81 $19.61 $22.41 $25.21 $ $3,250 $6,500 $9,750 $13,000 $16,250 $19,500 $22,750 $26,000 $29,250 $32, $2.96 $5.93 $8.89 $11.86 $14.82 $17.78 $20.75 $23.71 $26.68 $ N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Use this formula to calculate premium for benefit amounts over $50,000. Age Rate Per X Benefit In s = Cost X 75 = $6.20 Dependent Children Rate

6 Definitions Accelerated Death Benefit AD&D Conversion Guarantee Issue Limited Activity Portability Seat Belt, Airbag, and Common Carrier Accident Plus Term Life Exclusion: Suicide Additional Benefits BeneficiaryConnect SM TravelConnect SM Accelerated Death Benefit provides an option to withdraw a percentage of your life insurance coverage when diagnosed as terminally ill (as defined in the policy). The death benefit will be reduced by the amount withdrawn. To qualify, you have satisfied the Active Work rule and have been covered under this policy for the required amount of time as defined by the policy. Check with your tax advisor or attorney before exercising this option. Accidental Death and Dismemberment (AD&D) insurance provides specified benefits for a covered accidental bodily injury that directly causes dismemberment (e.g., the loss of a hand, foot, or eye). In the event that death occurs from a covered accident, both the life and the AD&D benefit would be payable. If you terminate your employment or become ineligible for this coverage, you have the option to convert all or part of the amount of coverage in force to an individual life policy on the date of termination without Evidence of Insurability. Conversion election must be made within 31 days of your date of termination. For timely entrants enrolled within 31 days of becoming eligible, the Guarantee Issue amount is available without any Evidence of Insurability requirement. Evidence of Insurability will be required for any amounts above this, for late enrollees or increase in insurance, and it will be provided at your own expense. A period when a spouse or dependent is confined in a health care facility; or, whether confined or not, is unable to perform the regular and usual activities of a healthy person of the same age and sex. If coverage has been in force for at least 12 months, you may continue coverage for a specified period of time after your employment by paying the required premium. Portability is available if you cease employment for a reason other than total disability or retirement at Social Security Normal Retirement Age. A written application must be made within 31 days of your termination. If you die as a result of a covered auto accident while wearing a seat belt or in a vehicle equipped with an airbag, additional benefits are payable up to $10,000 or 10% of the principal sum, whichever is less. If loss occurs for you due to an accident while riding as a passenger in a common carrier, benefits will be double the amount that would otherwise apply as outlined in the certificate. If loss occurs due to an accident, you may also receive the following Accident Plus benefits: Coma: Pays 5% of your principal sum up to a maximum of $5,000 if you are in a coma as a result of an accident covered under the policy and remain in a coma for 31 continuous days. Plegia: Pays 100% of your principal sum for quadriplegia and 50% of your principal sum for paraplegia and hemiplegia. Plegia must be caused by a covered accident. Benefits are doubled if accident is caused by a common carrier. Repatriation: Pays up to $5,000 for preparation and transportation of your body when the accident occurs more than 150 miles away from home. Death must be the result of a covered accident. Education: As a result of your death, this benefit pays 5% of the principal sum up to a maximum of $5,000 for your eligible dependent s post-secondary education. The benefit is paid for up to 4 years. Spouse Training: As a result of your death, this benefit pays 5% of your principal sum up to a maximum of $5,000 for your spouse and covers the cost of classes taken to retrain or refresh skills needed for employment. Benefits will be paid for 1 year and enrollment must occur within 365 days of the covered accident. Child Care: As a result of your death, this benefit pays 5% of your principal sum up to a maximum of $5,000 for expenses paid to a licensed childcare facility for an eligible dependent attending on a regular basis. The benefit will be paid for up to 4 consecutive years, or until your child s 13th birthday, whichever comes first. Coverage provided to the designated beneficiary upon the death of the insured. Coverage is provided for the time period that you are eligible and premium is paid. There is no cash value associated with this product. Benefits will not be paid if the death results from suicide within 2 years after coverage is effective. May apply if employee contributes toward the premium. Support services for beneficiaries who have experienced a loss. Travel assistance services for employees and eligible dependents traveling more than 100 miles from home. For assistance or additional information Contact Lincoln Financial Group at (800) or log on to NOTE: This is not intended as a complete description of the insurance coverage offered. Controlling provisions are provided in the policy, and this summary does not modify those provisions or the insurance in any way. This is not a binding contract. A certificate of coverage will be made available to you that describes the benefits in greater details. Should there be a difference between this summary and the contract, the contract will govern Lincoln National Corporation Group Insurance products are issued by The Lincoln National Life Insurance Company (Ft. Wayne, IN), which is not licensed and does not solicit business in New York. In New York, group insurance products are issued by Lincoln Life & Annuity Company of New York (Syracuse, NY). Both are Lincoln Financial Group companies. Product availability and/or features may vary by state. Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Each affiliate is solely responsible for its own financial and contractual obligations.