LIFE INSURANCE: CONVERSION OPTION FOR YOU GCERT2000 45 co/l/ee If Your Life Insurance ends or is reduced for any of the reasons stated below, You have the option to buy an individual policy of life insurance (“new policy”) from Us during the Application Period in accordance with the conditions and requirements of this section. This is referred to as the “option to convert”. Evidence of Your insurability will not be required. When You Will Have the Option to Convert You will have the option to convert when: ● Your Life Insurance ends because: ● You cease to be in an eligible class; or ● Your employment ends; or ● the Group Policy ends provided You have been insured for Life Insurance for at least 5 years; or ● the Group Policy is amended to end Life Insurance for an eligible class of which You are a member, provided You have been insured for Life Insurance for at least 5 years; or ● Your Life Insurance is reduced: ● on or after the date You attain age 60 in any increment or series of increments aggregating 20% or more of the amount of Your Life Insurance in effect before the first reduction due to Your age; ● because You change from one eligible class to another; or ● due to an amendment of the Group Policy. If You opt not to convert a reduction in the amount of Your Life Insurance as described above, You will not have the option to convert that amount at a later date. A reduction in the amount of Your Life Insurance as a result of the payment of an accelerated benefit will not give rise to a right to convert under this section. Application Period If You opt to convert Your Life Insurance for any of the reasons stated above, We must receive a completed conversion application form from You within the Application Period described below. If You are given Written notice of the option to convert within 15 days before or after the date Your Life Insurance ends or is reduced, the Application Period begins on the date that such Life Insurance ends or is reduced and expires 31 days after such date. If You are given Written notice of the option to convert more than 15 days after but within 90 days of the date Your Life Insurance ends or is reduced, the Application Period begins on the date such Life Insurance ends or is reduced and expires 15 days from the date of such notice. In no event will the Application Period exceed 91 days from the date Your Life Insurance ends or is reduced. Option Conditions The option to convert is subject to these conditions: 1 . Our receipt within the Application Period of: ● Your Written application for the new policy; and ● the premium due for such new policy; 2 . The premium rates for the new policy will be based on: ● Our rates then in use; ● the form and amount of insurance; ● Your class of risk; and ● Your attained age when Your Life Insurance ends or is reduced; 3 . the new policy may be on any form then customarily offered by Us excluding term insurance;