THE UNION CENTRAL LIFE INSURANCE COMPANY
("the Company")
ANNUAL RENEWABLE TERM RIDER
BENEFIT. We will pay the death benefit of the policy, which
includes the ART death benefit, upon receipt of proof of death of
the insured, while this rider is in force.
PERSON INSURED. This rider insures the same insured that is
covered under the policy.
ANNUAL RENEWABLE TERM RIDER (ART) SPECIFIED AMOUNT. The
specified amount provided by this rider is shown on the schedule.
DEATH BENEFIT OPTION. Under this rider, the death benefit of
the policy to which this rider is attached is modified to
include the ART death benefit. The death benefit under the
policy with this rider attached equals the greater of the account
value times the appropriate percentage from the Federal Tax
Guideline Endorsement included in the policy or the death benefit
as calculated under one of the options below:
1. Option A: the specified amount of the policy plus the ART
specified amount.
2. Option B: the specified amount of the policy, plus the ART
specified amount, plus the account value on the date of
death.
The death benefit option for the policy is shown on the schedule.
CHANGING THE ART SPECIFIED AMOUNT. You may change the ART
specified amount by notice to us during the lifetime of the
insured, subject to our approval.
1. ART SPECIFIED AMOUNT INCREASES. An increase of the ART
specified amount may be requested on or after one year
from the policy date. Any increase that is not guaranteed
will require proof and is subject to our underwriting
limits. An approved increase will have an effective date
as shown in the supplemental schedule at the time of the
increase. The minimum amount of any increase is shown in
the schedule.
1. ART SPECIFIED AMOUNT DECREASES. A decrease of the ART
death benefit may be requested on or after one year from
the policy date. A decrease of the ART death benefit will
be effective on the monthly date following notice to us.
Any decrease in the ART death benefit that you request for
any policy year will be made in the following order:
a. against the most recent increase in the ART death
benefit;
b. against the next most recent increases;
c. against the original ART death benefit.
COST OF INSURANCE. Beginning on the policy date and for every
month thereafter, there will be a cost of insurance charge for
the following:
1. the initial ART death benefit; plus
2. each increase in the ART death benefit amount.
The cost of insurance for the death benefit payable under this
rider for a policy month is (1) times the result of (2) where:
1. is the applicable monthly cost of insurance rate for this
rider; and
2. is the net amount at risk attributed to the ART death
benefit.
The net amount at risk for the policy is (1) less (2) where:
1. is the total death benefit of the policy divided by (1 +
the monthly guaranteed interest rate applicable to the
Guaranteed Account).
2. is the account value at the beginning of the policy month
less any deduction other than for cost of insurance due at
the beginning of the month.
The net amount at risk is first allocated to the rest of the
policy up to the net amount at risk that would be calculated for
the policy without this rider attached. The remainder of the net
amount at risk, if any, is allocated to this rider.
The maximum cost of insurance rate is determined for the ART
death benefit by the insured's sex, age, and rate class, as shown
in the schedule. A cost of insurance rate less than the maximum
cost of insurance rate may be used at our option. Any changes in
the cost of insurance rates will be made by class and will be
determined according to the procedures and standards on file with
the Insurance Department.
The cost of insurance rates used to calculate the cost of
insurance charges for an increase in coverage necessary to meet
the Federal Tax Guideline minimum death benefit will be the same
as is shown in the schedule.
CONVERSION. This rider may not be converted.
AGE AND SEX. If the age or sex of the insured has been
misstated, we will make the following adjustments:
1. If the misstatement becomes known after the death of the
insured, the benefit amount payable will be adjusted to
the correct amount for the monthly deduction made for the
month in which the death occurred.
2. If the misstatement becomes known during the lifetime of
the insured, the policy values will be adjusted to those
based on the correct monthly deductions since the policy
date. If the policy values is inadequate to cover the
monthly deduction on the prior monthly date, the grace
period shall be deemed to have started on such date, and
notification shall be sent to the owner at least 30 days
prior to the end of the grace period.
INCONTESTABILITY. We will not contest this rider after it has
been in force during the insured's lifetime for two years. We
will not contest any increased benefit later than two years after
its effective date.
SUICIDE. If the insured under this rider commits suicide (while
sane or insane) within two years after the date that insurance
starts; our total liability will be to return to the cash value
the monthly costs for that insurance. If the insured under
this rider commits suicide (while sane or insane) within two
years after the effective date for an increase in the benefit
amount, our total liability for that increase will be to return
to the cash value the monthly costs for that increase.
TERMINATION. This rider will terminate:
1. when the policy terminates; or
2. when the policy lapses; or
3. on the first monthly date after the owner gives us notice;
or
4. on the annual date nearest the insured's 100th birthday.
CONTRACT. This rider is made a part of the policy and is based
on the application and any supplemental applications for this
rider.
MONTHLY DEDUCTION. We will deduct the monthly cost for this
rider until it terminates.
RIDER SPECIFICATIONS. The policy date, issue date, benefit
amount, and monthly cost for this rider are shown in the
schedule.
Signed for the Company at Cincinnati, Ohio.
/s/ David F. Westerbeck /s/ John H. Jacobs
Secretary President
John Doe
12345678
UC 8773 4/00
