Policy Agreement

The undersigned represent that their statements in this application and Part II Paramed Exam, if such Part II is required by the Company, are true and complete to the best of their knowledge and belief. It is agreed that:
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a) the only statements to be considered as the basis of the policy are those contained in the application or in any amendment to the application;
b) any prepayment made with this application will be subject to the provisions of the TEMPORARY INSURANCE AGREEMENT;
c) if there is no prepayment made with this application, the policy will not take effect until:

1. the first premium is paid during the lifetime of the proposed insured(s) and while his/her health and the facts and other conditions affecting their insurability remain as described in this application and Part II, if required; and
2. the policy is delivered to the Owner;

d) no one except the President, a Vice President, the Secretary, or an Assistant Secretary can make, alter or discharge contracts or waive the Company’s rights or requirements; and
e) this application was signed and dated in the state indicated.
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If applying for a Term policy, which is an indeterminate premium plan:
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a) the premium for such plan is guaranteed for the initial guaranteed period, and after such period, the current annual premium is not guaranteed and may change; and;
b) the premium will never exceed the specified maximum.

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