To quickly convert term coverage to permanent coverage, dividends are used to purchase paid-up additions. When the term portion of the Additional Protection has been completely replaced, dividends can be used to reduce premium payments, accumulate at interest, or received in cash.

You may borrow from the cash value of a Joint CompLife® policy. Loans may be taken at a market loan rate based on Moody's index for corporate bonds. (In Arkansas, policy loans have a fixed 8% interest rate and the amount borrowed affects the amount of dividends received.) Any unpaid loans, along with accumulated interest, will be deducted from the proceeds at death or if the policy is surrendered prior to death.

Premiums are paid on the base portion of your policy until the second death or until age 100 of the younger insured and are guaranteed to remain level. Premiums on the Additional Protection portion of your policy are also payable to age 100 of the younger insured but are determined every year.

To protect yourself if you are ever unable to pay your policy premiums, you can choose one of our three nonforfeiture options.

• Automatic Premium Loan—Money is automatically borrowed from the cash value to pay overdue premiums and interest is charged until the loan is repaid. If this option is not elected, or if the cash value will not cover the premium amount, the nonforfeiture option will default to Paid-Up Insurance.

• Paid-Up Insurance—Keeps some level of protection in force by using the policy's entire cash value to purchase paid-up whole life insurance. The face value of the paid-up insurance will be less than the face amount of the Joint CompLife® policy. The paid-up policy remains in force until the second insured dies.

• Cash Surrender—Receive the policy's cash value by surrendering the policy. Any outstanding loan balance and accrued loan interest will be deducted from the cash value.

The following benefits are subject to underwriting and additional cost.

• Waiver of Premium—May be carried on either or both insureds. Waives the payment of all premiums that come due during the disability of the insured person(s). For premiums to be waived, total disability must exist continuously for a period of six months and result from an accident or sickness. Total disability is defined in the terms of the policy contract. Available for insured persons ages 20-59.

• Death Waiver of Premium—Upon the death of the covered insured (may be carried by either or both insureds), waives the payments of all required premiums due during a specified benefit period. After the benefit period, premium payments must be resumed. Available for insured persons ages 20-75 for covered insured, ages 20-85 for non-covered insured.

• Estate Preservation Rider—Covers both insureds and pays an extra 122% of the face value upon the second death during the first four policy years. Available for insured persons ages 20-75.

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