PLAN CLT-20

20-Year Level Term

Plan Description: This is a life insurance plan that provides a level benefit convertible term insurance for 20 years with level premium payments. This plan is not renewable but it is convertible to Whole Life while the certificate is in force. The face amount is payable if the death of the insured occurs during the term period. These certificates do not accumulate any cash values and non-forfeiture options are not available.

Premiums: Premiums are payable during the term of the certificate and never increase along with the age of the insured. The premium rates may be raised or lowered for all Members in the same class, but the rates may not exceed the maximum premiums, which will be shown in the certificate. Premiums are banded by certificate size and vary by sex and smoking category.

Conversion Privilege: The certificate may be converted to a permanent plan of life insurance at any time during the life of the contract. The newly converted certificate will be issued with a current issue date, with the insured’s current, attained age, on a certificate form and with the premium rate then in use by Hermann Sons Life.