Basic Group Term
Life Insurance

Amount of Insurance

If you die while covered by Basic Group Term Life Insurance, Bankers Life and Casualty will pay your designated beneficiary according to the Schedule of Benefits (Appendix I - A). If you do not name a beneficiary or your beneficiary has preceded you in death, the benefit will be paid to the executor or administrator of your estate, or in accordance with the other options indicated in your certificate.

Changes in Insurance Amount

If there is an increase in the amount of Basic Group Term Life Insurance provided by the City and you are not actively at work on the effective date of this increase, the increase in your coverage will not become effective until your return to active work. You are considered to be actively at work for the period for which you are being paid for vacation.

When You Terminate Employment

Your Basic Group Term Life Insurance ends on the last paid day of active service. For information about continuing your Basic Group Term Life Insurance policy while on a leave from the City, see "If You Take a Leave of Absence" on page TL-14. For information about converting your Basic Group Term Life Insurance policy to an individual policy when you terminate your employment, see "Conversion Privilege" on page TL-16.

Assignment of Insurance

Neither you nor your beneficiary may assign the insurance or other benefits under this policy.

November 2002

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