Standard Policy Limitations and Exclusions

(Form No. I L2301)

Note: Limitations and Exclusions may vary by state. The state specific policy form is the ultimate authority for any questions about this product.

Misstatement of Age and/or Gender - If the Insured Person’s age and/or gender is misstated in the Application, this policy’s and any applicable riders’ benefit amounts will be revised to the amount the premium paid would have purchased for the correct age and/or gender using published rates in effect on the Issue Date.

Misstatement of Tobacco Use – If, during the first two years of this policy, it is discovered the tobacco status of the Insured Person has been misstated, this policy’s and any applicable riders’ benefit amounts will be revised to the amount the premium paid would have purchased for the correct tobacco status using published rates in effect on the Issue Date.

Suicide - If the Insured Person dies by suicide within two years of the Issue Date, or any shorter period as may be required by applicable state law, liability is limited to a refund of premiums paid, less benefits paid under any riders. If the Insured Person dies by suicide within two years of the last Reinstatement Date, or any shorter period as may be required by applicable state law, liability is limited to a refund of premiums paid since the last Reinstatement Date, less benefits paid under any riders.

Contestable Period – The validity of this policy and any attached riders may be contested based on material misrepresentations made in the initial Application. However, validity of this policy or any attached riders may not be contested after it has been in force during the Insured Person’s lifetime for two years from the Issue Date, except for fraudulent misstatements in the Application when permitted by applicable law in the state where this policy is delivered or issued for delivery.