Unum Whole Life. Voluntary Whole Life Insurance. Whole Life Insurance Features

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1 Unum Whole Life Voluntary Whole Life Insurance Whole Life Insurance Features Whole life provides an additional source of financial protection for your working years and provides options for your retirement. Your policy builds cash value that you can borrow against or even cash out. Your policy is guaranteed to earn a 4.5% interest rate. Premiums do not increase as you get older. Premiums are payroll deducted for active employees on an after tax basis. Benefits are not taxable. You own the policy so you can keep it at the same rate even if you terminate employment or retire. The death benefit does not decrease as you get older. You don t have to purchase coverage on yourself to purchase coverage on spouses, dependent children or grandchildren. Benefit offering: - Employee Guarantee Issue amounts up to: (ages 15-50): $150,000; (ages 51-80):$75,000 - Spouse Conditional Guarantee Issue amounts up to: (ages 15-50): $30,000;(ages 51-80): $15,000 - Children/Grandchildren: Guarantee Issue of $1 $3 per week Benefit Highlights you ll appreciate Paid up at age 70 option Employee has the option for a fully paid up plan at age 70 (issue ages 15-50) Living Benefit Option if you become terminally ill, you may request part or all of your life benefit early, up to your plan s maximum (included on all policies) Accidental Death Benefit Rider Doubles the death benefit if you or your spouse die as a result of an accident prior to the age of 70 (optional rider to employee and spouse policies ages 15 to 65 with just a little extra cost to the policyholder) Long Term Care Rider Allows policyowner to use the death benefit for long term care. This rider is included on purchased benefit amounts of $10,000 or more. Whole Life Insurance provides important life benefits beyond your working years: 90% of Americans over age 70 have no life insurance 5 out of 6 men die after age 65 8 out of 9 women die after age 65 Note: If you do not enroll when first eligible, medical questions may be asked if you choose to enroll in the future This voluntary whole life insurance is being offered to regular benefit eligible employees working a minimum of 20 hours per week (including elected officials) and is in addition to any supplemental group term life insurance Page 24

2 Voluntary Whole Life Insurance $10,000 Coverage Amount Non Tobacco Weekly Costs $25,000 Coverage Amount Non Tobacco Weekly Costs Issue Age Base* ADB* Issue Age Base* ADB* $4.25 $ $6.56 $ $4.39 $ $10.97 $ $8.39 $ $20.96 $21.42 Non Tobacco Weekly Costs $50,000 Coverage Issue Amount Age Base* ADB* $75,000 Coverage Amount Non Tobacco Weekly Costs Issue Age Base* ADB* 25 $8.50 $ $12.74 $ $13.11 $ $19.67 $ $21.94 $ $32.90 $ $41.91 $ $62.86 $64.25 Child Weekly Sample Rates and Coverage Amounts* Issue Age $1 $2 $3 5 $7,084 $14,169 $21, $6,198 $12,396 $18, $5,274 $10,548 $15,822 *Policies of $10,000 or more include LTC rider.policies accumulate cash value.employee/spouse rates are based on the paid up at age 120 option. See Mark III representative for details. ***To Learn More and Enroll*** Four reasons to buy this coverage at work can keep it Your buying decision is your choice lock in the rates. conveniently This information is not intended to be a complete description of the insurance coverage available. The policy or its provisions may vary in some states. The policy has exclusions and limitations that may affect any benefits payable. For complete details of coverage, please refer to the full policy or see your enrollment representative for specific provisions and details. Page 25

3 Provident Life and Accident Insurance Company (Unum) Long Term Care Rider If you weather a serious disability, could your finances ride out the storm? Unum s Long Term Care (LTC) Rider can help you protect your savings. Protecting long-term plans Marcia s savings are modest, but she s worked hard for every penny. She wants to travel to Italy, pay for her daughter s wedding, and leave something behind for those she loves. But she s seen how quickly the cost of long term care can deplete a lifetime of savings. She wants to make sure a traumatic accident or illness won t scramble her nest egg. How long term care benefits work This is an example of how this LTC rider can help you finance a period of long term care. This illustration is based on an insured individual who has a $25,000 life insurance policy.* HIGHLIGHTS (HYPOTHETICAL EXAMPLE) RIDER Employer selected Benefits for the long haul We all wish for a long and prosperous life. However, a longer life can also mean long term treatment in a nursing home or assisted living facility. Most of us are not prepared for the costs associated with this kind of care. You may be surprised to learn that long term care isn t covered by health or other insurance policies. And waiting to buy long term care coverage may not be in your best interest. In fact, the younger you are, the less expensive it is. By adding a Long Term Care Rider to your life insurance policy, you can help protect your savings pool from the drain of this expensive care. Most importantly, this coverage allows you to use the benefit whether you receive care at home, in a long term care facility, an assisted living facility, an adult day care, or a nursing home. How to apply ) To learn more, watch for information from your employer. LTC pays 6% monthly benefit for either LTC facility benefit or assisted living facility benefit LTC pays 4% monthly benefit for home health care or adult day care $1,500 per month $1,000 per month Payments reduce the death benefit until exhausted (approximately 16 months) * Assumes there are no outstanding policy loans. EN-1696-NC (12-12) Page 26

4 Get the coverage you need. Here are the advantages of our Long Term Care Rider: Available at initial offering to employees and spouses ages 15 to 70. All newly eligible adult policies will automatically receive the Long Term Care Rider. Available with policy s specified amount (face amount) of at least $10,000. For long term care facility, nursing home care or assisted living facility, provides a maximum monthly benefit that is the lesser of: 6% of the death benefit less any policy debt at the end of the waiting period, or $3,000. For home health care or adult day care, provides a maximum monthly benefit that is the lesser of: 4% of the death benefit less any policy debt at the end of the waiting period; your actual monthly expenses; or $1,500. Benefits are payable once you have been receiving long term care for 90 days, subject to the conditions of the rider. If you are receiving benefits, you don t have to pay the policy s monthly premiums, even if your policy does not have the Waiver of Premium Rider. The benefit period maximum is 100% of the death benefit, less any policy debt at the end of the waiting period for each benefit period. The cost is based on your age at issue and whether you use tobacco. The rider is tax-qualified, which means that any benefits you receive will not be taxed.** Premiums are non-cancellable and cannot be increased. For whole life coverage, the following option may be available for employees and spouses age 15-50: You can pay an adjusted premium, so your policy will be paid-up by age 70. Your life coverage and long term care coverage will continue as long as you keep your life policy. See your outline of coverage for additional details. This information is not intended to be a complete description of the insurance coverage ** Under current tax laws. available. The coverage may vary or be unavailable in some states. The coverage has Underwritten by: Provident Life and Accident Insurance Company, Chattanooga, Tennessee exclusions and limitations that may affect any benefits payable. For complete details Page 27 of coverage and availability, please refer to the long term care rider and to policy form Unum complies with all state civil union and domestic partner laws when applicable. L-21848, L , L or contact your Unum representative. unum.com

5 Whole life insurance for children Give your kids a strong financial start. Unum s whole life insurance for children can help. Teach your kids to start saving now. Katie and Derek work hard for what they have. But they re also smart financial planners who save their money and they re teaching their kids to do the same. By buying a life insurance policy that accumulates cash value, they can save for their children s future. Now that s a smart lesson. Features that add value 1. Cash value Accumulates at a rate of 4.5%*. You can borrow from the cash value if you choose, or use it to buy a reduced policy with no more premiums. 2. Policy amounts of $1 to $3 per week require no health questions if you apply when you are first eligible. If you wait, there will be a few medical questions. Coverage beyond $3 per week is available but requires health questions to determine eligibility. 3. At age 70, the policy is fully paid up. This means no more premiums must be paid. The benefit will be paid to the beneficiaries upon death. Financial protection for your family If an accident or illness were to claim the life of your child, this policy could provide the resources needed to deal with the financial strain of your loss so you can take care of your family during this difficult time. This coverage can be purchased without purchasing employee coverage. Each policy covers one child or grandchild; you can purchase coverage for each of your children and grandchildren. Child eligibility Coverage is available to your: Children (natural and legally adopted) Stepchildren Grandchildren Your child/grandchild is eligible from 14 days old until their 26th birthday. Children must reside in the U.S. to receive coverage. Three reasons to buy this coverage at work 1. You get affordable rates when you buy this policy through your employer, and the premiums are conveniently deducted from your paycheck. 2. You own the policy so you can keep it even if you leave the company or retire. Unum will bill you directly for the same premium amount. 3. Coverage becomes effective on the first day of the month in which payroll deductions begin. How to To learn more, watch for apply ) information from your employer. My child s whole life coverage Amount I applied for: $ Cost per pay period: $ Date deductions begin: / / (For your records complete during your enrollment) EN-1744 (11-13) Page 28

6 Get the coverage you need. Amounts and values Weekly premium $1 Weekly premium $2 Weekly premium $3 W pre Issue age Coverage amount Cash value at age 65* Coverage amount Cash value at age 65* Coverage amount Cash value at age 65* Coverag amoun 0 $7,461 $3,460 $14,921 $6,919 $22,382 $10,379 $29,84 1 $7,450 $3,452 $14,900 $6,904 $22,350 $10,357 $29,79 2 $7,429 $3,440 $14,857 $6,879 $22,286 $10,318 $29,71 3 $7,345 $3,398 $14,689 $6,795 $22,034 $10,192 $29,37 4 $7,232 $3,342 $14,465 $6,684 $21,697 $10,026 $28,92 5 $7,084 $3,270 $14,169 $6,541 $21,253 $9,811 $28,33 6 $6,924 $3,193 $13,848 $6,385 $20,772 $9,578 $27,69 7 $6,753 $3,110 $13,506 $6,220 $20,260 $9,331 $27,01 8 $6,574 $3,024 $13,148 $6,048 $19,722 $9,072 $26,29 9 $6,380 $2,931 $12,761 $5,862 $19,141 $8,793 $25,52 10 $6,198 $2,843 $12,396 $5,687 $18,594 $8,530 $24,79 11 $5,998 $2,748 $11,995 $5,495 $17,993 $8,242 $23,99 12 $5,810 $2,657 $11,620 $5,315 $17,430 $7,972 $23,24 13 $5,622 $2,567 $11,243 $5,134 $16,865 $7,702 $22,48 14 $5,445 $2,483 $10,890 $4,965 $16,335 $7,448 $21,78 15 $5,274 $2,400 $10,548 $4,801 $15,822 $7,201 $21,09 16 $5,118 $2,325 $10,236 $4,651 $15,354 $6,976 $20,47 17 $4,967 $2,253 $9,933 $4,505 $14,900 $6,758 $19,86 18 $4,828 $2,185 $9,656 $4,371 $14,485 $6,557 $19,31 19 $4,693 $2,120 $9,386 $4,240 $14,079 $6,360 $18,77 20 $4,565 $2,058 $9,131 $4,116 $13,696 $6,174 $18,26 21 $4,441 $1,998 $8,881 $3,995 $13,322 $5,993 $17,76 22 $4,323 $1,940 $8,645 $3,880 $12,968 $5,820 $17,29 23 $4,207 $1,883 $8,414 $3,767 $12,621 $5,650 $16,82 24 $4,098 $1,830 $8,195 $3,659 $12,293 $5,489 $16,39 25 $3,994 $1,778 $7,988 $3,557 $11,982 $5,335 $15,97 * The policy accumulates cash value based on a non-forfeiture interest rate of 4.5% and the 2001 CSO mortality table. The ca shown in the policy. Cash value will be reduced by any outstanding loans against the policy. Page 29