12) Under the General Provisions section the following changes are made:
a) The Incontestability provision is revised as follows:
This Policy or Participation Under This Policy All statements made by the Policyholder/Subscriber to obtain this Policy or to participate under this Policy are considered representations and not warranties. No statement will be used to deny or reduce benefits or to deny the validity of this Policy or of participation under this Policy unless a copy of the instrument containing the statement is, or has been, furnished to the Policyholder/Subscriber.
After two years from the Policy Effective Date, no such statement will cause this Policy to be contested except for fraud.
A Covered Person's Insurance All statements made by a Covered Person are considered representations and not warranties. No statement will be used to deny or reduce benefits or be used as a defense to a claim, unless a copy of the instrument containing the statement is, or has been, furnished to the claimant.
After two years from the Covered Person’s effective date of coverage, or from the effective date of increased benefits, no such statement will cause coverage or the increased benefits to be contested except for fraud.
In the event of death or incapacity, the beneficiary or representative shall be given a copy.
b) The Policy Termination provision is revised as follows:
We may terminate coverage on or after the first anniversary of the Policy Effective Date. We or the Policyholder may terminate coverage on any renewal date. Written notice must be given at least 90 days prior to such renewal date. Failure by the Policyholder to pay premiums when due or within the Grace Period shall be deemed notice to Us to terminate coverage as of the last day of the Grace Period. The Policyholder is obligated to give 30 days prior written notice of termination to each Covered Person and to notify each Covered Person of their rights to continue coverage upon termination.
13) Under the Optional Riders, the Portability Provision is revised to read as follows:
Coverage under this Rider is portable.
14) Under the Critical Illness Insurance Rider the following changes are made:
a) The date of diagnosis for Amyotrophic Lateral Sclerosis, Blindness, Loss of Hearing, Multiple Sclerosis, Myasthenia Gravis and Parkinson’s Disease is revised to state that diagnosis must be made by a health care provider.
b) The felony and riot exclusions are revised to add “voluntary” commission.
c) The Pre- Existing Condition Limitation Period can’t exceed 6 months/6 months.
15) Under the Disability Income Rider the following changes are made:
a) The following Elimination Period definition is added:
Elimination Period The continuous period of time that must be satisfied before a benefit shown in the Schedule of Benefits is payable.
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