1. Right To Convert

You may buy an individual policy of life insurance from Standard Insurance Company without submitting evidence of insurability if:

a. Your life insurance, whether under the group policy or continued under waiver of premium, ends or is reduced for any reason except payment of accelerated benefit; and

b. You apply in writing and pay Standard Insurance Company the first premium during the conversion period, which is the 31 days after your life insurance ends.

Except as limited under 2. Limits On Right To Convert, the maximum amount you have a right to convert is the amount of your insurance that ended

2. Limits On Right To Convert

If your insurance ends or is reduced because of termination or amendment of the Group Policy, the following will apply:

a. You may not convert insurance which has been in effect for less than five years.

b. The maximum amount you have a right to convert is the amount of your insurance immediately prior to your termination of coverage under the group plan, minus any other group life insurance for which you become eligible during the 31 days after termination of this group policy.

3. The Individual Policy

You may select any form of individual life insurance policy Standard Insurance Company issues to persons of your age, except:

a. A term insurance policy;

b. A universal life policy;

c. A policy with disability, accidental death, or other additional benefits; or

d. A policy in an amount less than the minimum amount Standard Insurance Company issues for the form of life insurance you select.

The individual policy of life insurance will become effective on the day after the end of the conversion period. Standard Insurance Company will use their published rates for standard risks to determine the premium.

4. Death During The Conversion Period

If you die during the conversion period, Standard Insurance Company will pay a death benefit equal to the maximum amount you had a Right To Convert, whether or not you applied for an individual policy. The benefit will be paid according to the Benefit Payment and Beneficiary Provisions.