<PAGE>
FIRST PENN-PACIFIC
LIFE INSURANCE CO.
------------------
A MEMBER OF LINCOLN FINANCIAL GROUP
EXHIBIT 1.5(e)
--------------------------------------------------------------------------------
Fort Wayne, Indiana 46801
Executive Office: 10 North Martingale Road -
Schaumburg, Illinois 60173-2268 - (847) 466-8000
Administrative Office: [P.O. Box 150482 Attention: MXX -
Hartford, Connecticut 06115-0482 - (800) 444-2363]
GUARANTEE ENHANCEMENT RIDER
GUARANTEE ENHANCEMENT BENEFIT. Subject to the Conditions set forth below, we
guarantee that the Specified Amount and the Convalescent Care Benefit Limit will
never be less than the Guaranteed Minimum Benefit shown in the policy.
CONDITIONS FOR RECEIVING THE RIDER BENEFIT. To qualify for the above described
benefit, the following conditions must be met:
- You must have paid all Planned Periodic Premiums in the amounts and the
frequency scheduled (The amounts and the frequency of the Planned Period
Premiums, if any, are shown in the Policy Schedule);
- You must not have made any Policy Loans or Partial Withdrawals;
- You must not have changed or added benefits, or changed the Death Benefit
Option from Option 1 to Option 2, unless such change is made upon our
written recommendation; and
- You must have followed our written recommendations, if any, to reduce the
total Convalescent Care Benefit Limit and Specified Amount. We will not
make any recommendation to reduce your benefits below the Guaranteed
Minimum Benefit.
CONSIDERATION. We issued this rider in consideration of the statements made in
the application and the payment of the Initial Premium shown in the Policy
Schedule. We will not charge a premium for this rider.
TERMINATION. This rider terminates:
- When any condition for receiving benefits under this rider are not met;
- Upon termination of the policy; or
- Upon your written request to terminate this rider.
GENERAL PROVISIONS. This rider is a part of the policy to which it is attached.
It takes effect on the effective date of the policy.
This rider is subject to all the terms and conditions of the policy which are
not inconsistent herewith.
Signed for First Penn-Pacific Life Insurance Company at Schaumburg,
Illinois.
/s/ Marcia L. DuMond /s/ Roland C. Baker
Secretary President
--------------------------------------------------------------------------------
VL-2872AA(01/00)
