Qualifying Events. 100% Benefit. 25% Benefit

Qualifying Events

Condition Benefit Amount

Advanced Alzheimer’s Disease, illness induced coma, heart attack, life-threatening cancer, major

organ transplant, stroke,

amyotrophic lateral sclerosis (Lou Gehrig’s disease), end-stage renal failure

100% Benefit

Coronary artery bypass, cancer in

situ, benign brain tumor 25% Benefit

3  

In the event that a customer suffers an event paying a 25% benefit, they will

retain the remaining 75% of the amount for future first occurrences

Plan Options and Monthly Premiums

Benefit Amount

Covered Benefit Option 1 Option 2 Option 3 Option 4 Inpatient Hosp. 1/yr $2,500 $5,000 $7,500 $10,000

Emergency/accident $250 $500 $750 $1,000

Major Diagnostic 1/

yr

$250 $500 $750 $1,000

Follow-up Treatment 5/yr

$50 $100 $100 $100

Follow-up PT 5/yr $50 $100 $100 $100

Monthly Rate per

person $7.50 $15.00 $21.50 $28.00

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Dental Plan Comparison

Benefits Premiere Basic

Calendar Year

Deductible Family

Calendar Year

Benefit Maximum

$1,200 per insured

$6,000 per family

$1,000 per insured

$5,000 per family

Preventive (Type I)

Deductible: 0

Waiting Period: 0 months Coinsurance Network: 100%

Coinsurance Non-Network: 80%

Basic Restorative (Type II)

Deductible: $50 per insured Waiting Period: 6 months Coinsurance Network: 80%

Coinsurance Non-Network: 60%

Deductible: $100 Waiting Period: 6 months Coinsurance Network: 50%

Coinsurance Non-Network: 50%

Major (Type III)

Deductible: $50 per insured Waiting Period: 12 months Coinsurance Network: 60%

Coinsurance Non-Network: 50%

Discounted through Careington Discount program at

Network Providers Only

Orthodontics

Network Providers Only

Premiere Vision

•  Benefits are per person, per 12 month period:

–  Exam – No copay

–  Standard, uncoated plastic lenses - $10 copay –  Frames - $10 copay with $120 allowance

•  OR

–  Corrective Contact Lenses - $10 copay with $120 allowance

•  Additional Savings from EyeMed:

–  You Pay:

•  Frames: 60% of retail

•  Standard Polycarbonate: $40

•  Standard Scratch Resistance: $15

•  Tints, solid and gradient: $15

•  Standard Progressive Lenses: $65

•  Premium Progressive Lenses: $65+ (80% of retail) less the $120 allowance

•  UV Coating: $15

•  Standard Anti-Reflective: $45

•  LASIK or PRK Vision Correction: 15% off retail, or 5% off promotions

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Premiere Vision Business Rules

•  No annual deductible

•  Limited to one eye exam every 12 months from last date of service

•  Eye exam will be covered up to $30 for a non network doctor

•  All other benefits must be within the EyeMed network

•  Corrective lenses may be purchased every 12 months from last date of service

•  This product is guaranteed renewable to age 75

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Benefit Schedule

Confinement

General ICU/CCU

Days 1-5 100% Days 1-2 200%

Days 6-10 50% Days 3-10 100%

Days 11+ $100 Days 11-30 50%

Days 31+ $100

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ICU/CCU benefits are in lieu of general confinement benefits, not in addition to

15  

Disability

•  Pays a monthly disability benefit directly to the insured if totally disabled as defined

–  Under a legally qualified physician’s care

–  Not actively at work, as certified by a physician upon our request

•  Must be deemed totally disabled within 30 days of the qualifying event

•  Monthly total disability benefit will begin on the first day following the elimination period

–  The elimination period is the period of time from the date the

insured is considered totally disabled until the benefit is paid

The  Chesapeake  Life  Insurance  Company  -­‐  2015   21  

Plan Highlights:

!  Lightning fast issue! Average issue time of 1 to 2 days

!  No blood draws, medical testing or Paramedical (simplified issue app questions only)

!  Only 6 medical related UW questions (a few additional if adding critical condition illness rider)

!  Easy e-App process (face-to-face, e-mail, screen share)

!  Convertible to Whole Life Insurance

10 and 20 Year Level Term

(YRT to age 95 after initial level term period)

Simplified Issue Term Life

Term Life Product Features:

!  Pays up to $100,000 in a lump sum directly to the beneficiary upon death of the insured

!  50% of the policy’s death benefit paid if insured diagnosed with a terminal medical condition

!  Issue Ages: 10 Year Term = 25 to 65 and the 20 Year Term = 25 to 55

!  Optional Riders

!  Accidental Death Benefit (available for both plans)

!  Critical Condition Accelerated Living Benefit (10 Year Term Only)

!  Waiver of Premium (available for both plans)

The  Chesapeake  Life  Insurance  Company  -­‐  2015   22  

Level Death Benefit:

!  Level Premium Whole Life Policy

!  Immediate Full Death Benefit

!  Accelerated Benefit Terminal Illness Rider (included)

!  Accidental Death Benefit Rider (optional)

!  Issue Ages: 45 to 85

!  Death Benefit (increments of $1,000)

!  Ages 45 to 80 = $3,000 to $35,000

!  Ages 81 to 85 = $2,000 to $35,000

!  Level Benefit Qualifications:

!  Ever Diagnosed or Treated:

! Parkinson’s, Sickle Cell, Chronic Obstructive Pulmonary Disease, Congestive Heart Failure

!  Diagnosis or Treatment Within the Past Two Years:

!  Kidney, renal, liver disease. Tuberculosis, black lung

!  Drug or alcohol abuse, brain tumor, internal cancer, leukemia

!  Stroke, Transient Ischemic Attack, health attack, bypass or stents

!  Neuropathy, diabetic coma, insulin shock

!  Insulin combined with heart or circulation medicine

Level Death Benefit

Final Expense Life

Insurance

The  Chesapeake  Life  Insurance  Company  -­‐  2015   23  

Graded Death Benefit:

!  Issue Ages: 50 to 85

!  Death Benefit: (increments of $1,000)

!  ages 50 to 80 = $3,000 - $35,000

!  ages 81 to 85 = $2,000 - $35,000

!  Death Benefit for Accidental Death:

!  Full death benefit amount in all policy years (except in Arkansas)

!  Death Benefit for Non-Accidental Death

!  Year 1 = 30% of the face amount

!  Year 2 = 70% of the face amount

!  Year 3 + = 100% of the face amount

!  Graded Benefit Qualifications:

!  Diagnosis or Treatment Within the Past 12 Months:

!  Brain, heart, circulation surgery, stents, bypass, angioplasty, amputation caused by disease, dialysis

!  Brain tumor, stroke, heart attack, CHF, oxygen use (excluding CPAP)

!  Diagnosis or Treatment Within the Past 18 Months:

!  Internal cancer, leukemia, alcohol or drug abuse

Graded Death Benefit

Final Expense Life

Insurance