Premium & benefit reduction summary Upon receipt of enrollment information, a reduction will be applied to the elected benefit amount for all members age 65 years or older as follows: Age Benefits/premiums reduced by Benefit amount† Under 65 0% $300,000 65-69 35% $195,000 70+ 50% $150,000 †††Illustrative benefit amount. All reductions are taken from original plan pricing and issue amount. Premium waiver benefit Your life insurance premiums may be waived if you become totally disabled prior to age 60 for more than 9 months (may vary by state), up to age 65. Additional summary details Eligibility Waiting Period Defined by the Policyholder Estate planning and digital vault services 2 Travel Assistance Additional Value Added Services Identity Theft Annual enrollment and late entrant rules Employees have 31 days from the plan effective date or their eligibility date, whichever is later, to enroll or they are considered a late entrant. Late entrants must wait until the next annual enrollment to enroll in the plan. During annual enrollment, an employee may initially elect the minimum benefit amount, or if already enrolled, can increase by one increment up to the GI without submitting evidence of insurability. Excess amounts are subject to evidence of insurability. These rules apply to both employee and dependent life options. BEAM SUPPORT LEARN MORE [email protected] | (800) 648 1179 beambenefits.com BM-SOB-0041-202306 2 of 3