Joint life insurance coverage on the "First-to-Die" basis is intended to provide for the covered death benefit payment to be made upon the occurrence of the first death among a group of jointly insured people (normally two persons). Joint "First-to-Die" coverage is often mis-named as "Mortgage Insurance" since this style of contract is sometimes purchased to pay off a mortgage upon the occurrence of the first death among two insured lives. Joint "First-to-die" contracts normally terminate upon the payment of the death claim; however, some contracts (subject to contract wording, conditions, stipulations, limitations and exclusions) may permit the surviving person to obtain continuing life insurance coverage. Joint "First-to-die" life insurance coverage is significantly more expensive than similar contracts insuring a single life. The reason for this is that the risk of a death claim having to be paid - and earlier during the term of the contract - is significantly increased. Hint: Use the LifeGuide Multi-Life� functions for separate, individual coverage on each of the lives. In some occasions, insuring each of the lives separately may result in lower costs than on the Joint "First-to-die" basis. Furthermore, with individual coverage on each of the lives, continuation of coverage for the survivor may not be an problem issue and death benefit is payable upon the death of each of the insured lives during the terms of the respective insurance contract periods (subject, of course to the terms, conditions, limitations, stipulations and exclusions of the respective life insurance contracts).

E.&O.E.