1.Wealth Accumulation Switching Option and its portfolio ratio

“Stable Asset Account Allocation” = the value of “Stable Asset Account” ÷ (cash value of Reversionary Bonus (if any) + cash value of Terminal Bonus (if any) + value of Stable Asset Account) x 100%
You may exercise the Wealth Accumulation Switching Option within 30 calendar days before or after a policy anniversary which must be on or after the 15^th policy anniversary to adjust the Switching Option of the basic plan of the policy to achieve Stable Asset Account Allocation at your desire, subject to the following conditions: (i) the Switching Option applied for must be different from the default Switching Option of the Basic Plan of the policy (for the first exercise of this option) or the latest Switching Option as shown in our record (if you have already exercised this option before); (ii) except the first time of exercise of this option, the switch date of each subsequent request must be separated by a period of not less than 1 year from the switch date of the preceding exercise of this option; and (iii) all indebtedness must be fully settled before exercising this option. Once the Wealth Accumulation Switching Option is exercised, we will correspondingly adjust the amount of any future cash values and face values of Reversionary Bonus and Terminal Bonus at a rate to be determined by us based on the change(s) of the cash values of Reversionary Bonus and Terminal Bonus. Once the Company approves the request of Wealth Accumulation Switching Option, we will determine the value of Stable Asset Account immediately following such exercise of Wealth Accumulation Switching Option (“Target Value”). The Target Value equals the product of Stable Asset Account Allocation of the elected Switching Option and the aggregate of (i) the accumulated value of Stable Asset Account (if any) immediately before such exercise (“Existing Value”); and (ii) the cash values of Reversionary Bonus and Terminal Bonus immediately before such exercise. We will then adjust the balance of Stable Asset Account from the Existing Value to the Target Value at the switch date, which in the case that the Existing Value is lower than the Target Value, the deficit will be resolved by transferring the latest cash value of Reversionary Bonus (if any) and cash value of Terminal Bonus (if any) to the Stable Asset Account; or in the case that the Existing Value is higher than the Target Value, the surplus from the Stable Asset Account will become the cash value of Reversionary Bonus and cash value of Terminal Bonus. Please refer to the Policy Provisions for more details of the Wealth Accumulation Switching Option.

2.At the end of the 3^rd Policy Year or any Policy anniversary thereafter and while the policy is in effect, you may, subject to the prevailing rules of the Company, apply to change the policy currency of the basic plan of the policy to a different currency ("New Policy Currency") through converting the existing basic plan of the policy to a designated new plan (“Designated Plan”) denominated in the New Policy Currency that is available and determined by us without providing any evidence of insurability, subject to the following conditions: (i) successfully submitted the application to change the policy currency to the New Policy Currency (“Currency Switch”) within 60 days immediately preceding any policy anniversary on which the Currency Switch Option is exercised; (ii) all premiums due and payable under the policy must be settled and any indebtedness must be fully repaid; (iii) the relevant Unit of the Designated Plan of the policy following the Currency Switch must not be less than the minimum Unit amount we permit at the time of your request; (iv) no Premium Holiday is in effect under the basic plan of the policy at the time of the Currency Switch; (v) no application for exercising Policy Split Option, Wealth Accumulation Switching Option or Change of Insured Option is in progress, and no claim is in progress under the basic plan of the policy upon request exercising this option; (vi) your request for exercising the Currency Switch Option cannot be changed or withdrawn once it is submitted; and (vii) Currency Switch Option can only be exercised once during a Policy Year under the policy. The Designated Plan may or may not be the same as the basic plan of the policy, and may have different benefits, plan features and policy terms comparing with those under the basic plan of the policy. Please refer to the Policy Provisions for more details of the Currency Switching Option.

3.Upon the effective date of Currency Change: (i) the basic plan of the policy will be converted to the Designated Plan denominated in the New Policy Currency. All benefits, plan features and policy terms will follow those as provided in the Designated Plan. Policy Effective Date and Policy Years of the policy will remain unchanged after the Currency Switch; (ii) the existing and future amounts of Unit, Guaranteed Cash Value, premium(s) due and payable (if any), total premiums paid, face value and cash value of Reversionary Bonus and Terminal Bonus (if any), accumulated value of Stable Asset Account (if any) of the basic plan of the policy will be determined and adjusted by the Company in our sole discretion based on factors including but not limited to (1) the prevailing market-based exchange rate determined by us from time to time; (2) other investment factors; and (3) other market factors; and (iii) any complementary policies and riders under the policy will remain in force and will be changed to the New Policy Currency, provided that such complementary policies and riders are also offered under the Designated Plan and are available in the New Policy Currency. If such complementary policies and riders are not offered under the Designated Plan or are not available in the New Policy Currency, they shall be automatically terminated from the effective date of Currency Switch.

4.While the policy is in effect and (i) the 5^th policy year; or (ii) from the end of the premium payment period (whichever is later), you may exercise Policy Split Option to create a separate policy (the “Split Policy”), allocating a portion of Unit from the basic plan of the policy to the Split Policy but subject to the following conditions without providing any evidence of insurability: (i) after the policy Split Option has been exercised (the “Split”), the respective Unit of the basic plan of the policy and Split Policy must not be less than the minimum Unit amount we permit at the time of your request; (ii) the insured of the Split Policy must be the same as the Insured of the basic plan of the policy; (iii) no claim is in progress under the basic plan of the policy upon request exercising this option; (iv) your request for the policy Split Option cannot be changed or withdrawn once it is submitted; (v) any indebtedness under the basic plan of the policy must be fully repaid before we approve your request ; and (vi) Policy Split Option can only be exercised once during a Policy Year. After the Split is approved, (i) the provisions of the Split Policy will be the same as the basic plan of the policy unless otherwise specified; (ii) the Unit, face value and cash value of Reversionary Bonus and Terminal Bonus (if any), accumulated value of Stable Asset Account (if any) will be reduced and transferred to the Split Policy according to the ratio of the Unit allocated to the basic plan of the policy and the Split Policy. We will determine the existing and future amounts of Guaranteed Cash Value, the face value and cash value of Reversionary Bonus and Terminal Bonus (if any); and future premium respectively for both the basic plan of the policy and the Split Policy according to your allocation of the Units; (iii) the total premiums paid for both the basic plan of the policy and the Split Policy will be adjusted according to your allocation of Units and will be used to calculate death benefit; (iv) subject to the rules of the Company, all riders (if any) under the policy will continue to be effective after the Split; (v) the Beneficiary(ies), Policy Owner, Contingent Owner (if designated), Initial Insured, Insured, Policy Currency, Policy Date, Policy Effective Date and Policy Years of the basic plan of this Policy will remain unchanged and the Split Policy will have the same Beneficiary(ies), Policy Owner, Contingent Owner (if designated), Initial Insured, Insured, Policy Currency, Policy Date, Policy Effective Date and Policy Years of the basic plan of this Policy; and (vi) previous instruction(s) made under the basic plan of the policy including but not limited to Wealth Accumulation Switching Option, Death Benefit Settlement Option and Policy Continuation Option will also apply to the Split Policy unless otherwise specified. The Split Policy will be effective only after its policy provisions and policy specifications are issued. Please refers to the Policy Provisions for more details of Policy Split Option.

5.Account determined in accordance with the Wealth Accumulation Switching Option provision in which its long-term target asset allocation is 100% in fixed income type securities. The value in the Stable Asset Account will be accumulated at such interest rate as may be declared by us from time to time. Interest rates on the Stable Asset Account are not guaranteed and may even be 0% in any year.

6.Changing the Insured is subject to the prevailing administrative rules and designated requirements. The Unit, Guaranteed Cash Value, the face value of accumulated Reversionary Bonus (if any) and the face value of Terminal Bonus (if any), any accumulated value of Stable Asset Account, Policy Date and Policy Years will remain the same on the Insured-Change Effective Date while the Plan End Date will be adjusted to the date of policy anniversary on the 128^th birthday of the Changed New Insured or following the 128^th birthday of the Changed New Insured (whichever is applicable). The Changed New Insured must be aged 65 years of age (last birthday) or below and must not be older than the initial Insured by 10 years. The change of Insured must be endorsed by the Policy Owner, proposed new Insured and Assignee (if any). Both the new Insured and the current Insured must be alive and the policy is in force at the time the Insured is changed and provided with satisfactory proof of evidence of insurability for the proposed new Insured. We shall cease to provide any coverage for the initial Insured or the prior Insured on our record (when applicable and as the case may be) as from the Insured-Change Effective Date. All riders (if any) will be terminated on the Insured-Change Effective Date. Please refer to the Policy Provisions for details of Changing of Insured Option.

7.Upon the death of the Insured, if the Policy Owner (still alive) and the Insured is different person, the Beneficiary will become the Continued New Insured. Upon the death of the Insured, if the Policy Owner died at the same time or the Policy Owner and the Insured is the same person, the Beneficiary will become the new Policy Owner and Continued New Insured of the policy, subject to the prevailing administrative rules of the Company. After this option has been exercised, all Units, Guaranteed Cash Value, the face value of accumulated Reversionary Bonus (if any), the face value of Terminal Bonus (if any) and any accumulated value of Stable Asset Account (if any), Policy Date and Policy Years will remain unchanged on the policy Continuation Effective Date. Plan End Date of the basic plan of the policy will be adjusted to the date of policy anniversary on the 128^th birthday of the Continued New Insured or the immediately following policy anniversary (whenever is applicable). The surrender payment may be equal to or lower than death benefit before this option has been exercised. If the Death Benefit Settlement Option has already been selected, you shall cancel the Death Benefit Settlement Option arrangement before your submission of any written request for the Policy Continuation Option. All riders (if any) will be terminated on the Policy Continuation Effective Date. Please refer to the Policy Provisions for details of Policy Continuation Option.

8.The length of a Premium Holiday for each application should be a multiple of 1 year until it reaches the maximum limit. Premium Holiday is only applicable to the basic plan and will be effective on the next policy anniversary, but all riders attached to the policy will be terminated at the same time. We will defer the premium end date and premium due date according to the Premium Holiday Period approved. Riders attached to the policy can be re-attached after Premium Holiday, however, the premium and approval should be subject to rider application at that time. During the Premium Holiday, you do not need to pay premiums for the basic plan, the Units, Guaranteed Cash Value, the face value of accumulated Reversionary Bonus (if any), accumulated value of Stable Asset Account and protection under the basic plan will remain unchanged during the period, provided that you have not partially surrendered during the Premium Holiday. The cash value of Reversionary Bonus and Terminal Bonus (if any) are non-guaranteed. During the Premium Holiday, we will not declare any face value of non-guaranteed Reversionary Bonus. Please refer to the Policy Provisions for details of Premium Holiday.

9.There are 2 types of premium waivers: (i) “Waiver of Premium Benefit” is applicable to the Insured whose age at policy issuance or the change of Insured is between 18 and 60 and is the Policy Owner at the same time, and is diagnosed with total permanent disability before the age of 75. (ii) “Payor Benefit” is applicable to the latest Insured whose age at policy issuance or the change of the Insured is at the age 17 or below; the latest Policy Owner (including contingent Policy Owner) whose age at policy issuance or the change of the Policy Owner (including Contingent Policy Owner) is at the age of 60 or below, and dies or is diagnosed with total permanent disability before the age of 75. After the waived premium of the basic plan reaches the maximum total amount of premium waived (per Insured) and/ or on the waiver of premium end date (until the premium end date that is set at the time of policy issuance), the Policy Owner should pay the remaining premium; otherwise, the automatic premium loan will be applied, or the policy will be terminated. In addition to the premiums stated above, if premiums falling due in the relevant Waiver of Premium Benefit Period are paid before we approve a claim of this benefit, such premiums will be fully refunded (with no interest). If the incident is resulted from accident, immediate protection will be given. If a person dies or is diagnosed with total permanent disability due to illness, a 2-year waiting period is required. Please refer to the Policy Provisions for details of “Waiver of Premium Benefit” and “Payor Benefit”

10.If the Policy Owner opts for by payment of a specified percentage of the death benefit in a lump sum and the remaining balance by regular installments, the lump sum amount should equal to or greater than 5% of the death benefit. However, interest on unpaid death benefit is not guaranteed, therefore interest may be less than expected and the actual payout period may be shorter than the selected period. Only lump sum death benefit is applicable if an assignment is made. If the Beneficiary(ies) die(s) while receiving the death benefit payments, the remaining amount will be paid to the Beneficiary(ies)’ estate. If no Beneficiary(ies) survives upon the death of the Insured yet the Policy Owner is still alive, the death benefit will be paid to the Policy Owner in accordance with the Death Benefit Settlement Option. Policy Owner may also request to receive the death benefit in lump sum. If the Policy Owner dies while receiving the death benefit payment, the remaining death benefit will be paid in a lump sum to the Policy Owner's estate. This benefit is not available for the policy with Policy Continuation Option being exercised. Please refer to the Policy Provisions for details of Death Benefit Settlement Option.

11.Upon full surrender, the Policy Owner may choose to receive surrender payment in a fixed amount on payments at regular intervals or by increasing payments. However, interest on unpaid surrender payment is not guaranteed, therefore interest may be less than expected and the actual payout period may be shorter than the selected or expected period. If the Policy Owner dies while receiving the surrender payments and/or accumulated interest (if any), the remaining surrender payment and/or accumulated interest (if any) will be paid in lump sum to the Policy Owner's estate. Please refer to the Policy Provisions for details of Full Surrender.

12.The face value and cash value of Reversionary Bonus are non-guaranteed. However, once declared, the declared face value of Reversionary Bonus will become guaranteed and forms a permanent addition to the policy. Non-guaranteed Reversionary Bonus may be declared at the sole discretion of the Company (i) from the 1^st policy anniversary; provided that (ii) all premiums due have been paid up to each relevant Policy anniversary; and (iii) no Premium Holiday has ever been taken effect. We will pay the cash value of Reversionary Bonus (if any) upon surrender (full surrender or partial surrender), maturity, policy termination due to non-payment of premium; or transfer the cash value of Reversionary Bonus (if any) to the Stable Asset Account when you exercise the Wealth Accumulation Switching Option under the Wealth Accumulation Switching Option provision. You may withdraw cash value of the Reversionary Bonus (if any) (in full surrender or partial surrender) by written. After the withdrawal of cash value of Reversionary Bonus, the face value of Reversionary Bonus, and the face value and cash value of Reversionary Bonus of the policy in the future will be reduced. Please refer to the Policy Provisions for details of Reversionary Bonus.

13.A non-guaranteed Terminal Bonus may be declared for this Plan by the company starting from the 1^st policy anniversary. Non-guaranteed Terminal Bonus and its amount may be paid at the sole discretion of the Company. The cash value of Terminal Bonus should be either equal to or less than the face value of Terminal Bonus. We will pay the cash value of Terminal Bonus (if any) upon surrender (full surrender or partial surrender), maturity, policy termination due to non-payment of premium; or transfer the cash value of Terminal Bonus (if any) to the Stable Asset Account when you exercise the Wealth Accumulation Switching Option under the Wealth Accumulation Switching Option provision.

14.Total premiums paid referred as the total amount of premium(s) due and paid for the basic plan of the policy or Split Policy (if established under the terms of policy split option), and (i) after Large Size Discount (if applicable) but before any other premium discount (if any); (ii) pro-rated by the ratio of remaining Units after partial surrender to the Units at policy issuance; if the policy is partially surrendered, the total premiums paid will be proportionately reduced, and(iii) any amount in the Premium Deposit Account (if applicable) does not form part of the total premiums paid.

15.The current interest rate offered is 2% p.a., but it is not guaranteed.

16.Large Size Discount is only applicable to basic premium of this Plan. Premium of other riders (if applicable) will not be entitled to the Large Size Discount. The Large Size Discount is offered to each eligible Policy of this Plan. If customer has enrolled for more than one Policy of this Plan, all policies will be entitled to Large Size Discount. However, the eligible annual premium of these Policies will not be aggregated in calculating the rate of Large Size Discount. The Large Size Discount will be adjusted according to the reduced Units upon partial surrender.

17.Total premiums paid is defined as the total amount of premium(s) due and paid for the basic plan of the policy or Split Policy (if created pursuant to Policy Split Option provision) up to the date of death of the Insured and (i) after Large Size Discount (if applicable) but before any other premium discount (if any); (ii) pro-rated by the ratio of remaining Units at the time of death of the Insured to the Units at policy issuance; and(iii) any amount in the Premium Deposit Account (if applicable) does not form part of the total premiums paid.

18.The premium prepayment option is only applicable to annual premium payment mode. The prepaid premium will be credited to the premium deposit account and accumulate at the prevailing interest rate offered at that time (The current interest rate offered is 2% per annum, but it is not guaranteed). You can withdraw the full amount of the prepaid premiums from the premium deposit account. However, any interest credited will be forfeited. If the amount of the premium deposit account is not sufficient to pay the premium and premium levy due to a decrease in interest rate, the Policy Owner is required to make up the relevant premium difference (including premium levy). Otherwise, the policy will be terminated or subject to an automatic premium loan. If the Insured passes away, the premium deposit account balance (if any) will be payable to the Policy Owner without any charge.

19.Total permanent disability refers to any of the following that results from an illness or injury: i) the total and irrecoverable loss of sight of both eyes; or (ii) the complete and permanent paralysis of 2 limbs or actual severance at or above wrist or ankle of 2 limbs; or (iii) total and irrecoverable loss of the sight of 1 eye and either the complete and permanent paralysis of 1 limb or actual severance at or above wrist or ankle of 1 limb.

20.Contingent Policy Owner refers to the person who is appointed by the Policy Owner on our company's application or on our designated form and is approved as Contingent Policy Owner by our company. Please refer to Policy Provisions for details about the Contingent Policy Owner.

21.Free Worldwide Emergency Assistance Services are provided by the third party service provider. We reserve the right to change the terms and conditions of Free Worldwide Emergency Assistance Service and assumes no responsibility of the services provided by the third party service provider.