A Pan-American Life Insurance Group Stock Company


Riders

You can add value to your base insurance policy by attaching riders. A rider is an additional set of terms and conditions that is not included in the original policy. When you attach one to a policy, it essentially becomes part of your overall insurance contract. Riders can help you customize your insurance contract so that it fits your individual needs. Here is a look at the riders Mutual Trust offers. To learn which riders are right for you, consult your Mutual Trust Insurance Representative.


PAID-UP ADDITIONAL (PUA) INSURANCE RIDERS

Flex Pay PUA Rider
Our Flex PUA Rider lets you easily and flexibly increase the amount of guaranteed death benefit and cash value in your whole life policy, even to age 90. When you purchase a Flex PUA rider, you select the maximum premium you want to pay (restrictions apply). Then, each year you pay any amount, at any time, as long as you pay $100 per year and don't exceed the maximum premium you selected. Money paid into the rider is participating, which means it may earn dividends like the rest of your policy.1 (Horizon Value™ , Horizon Guarantee™: Base Policy Form No. 986, or state variation.)

Single Premium PUA Rider
Mutual Trust’s Single Premium PUA Rider enables you to increase your death benefit and cash value by paying one lump sum premium into your base policy at the time your policy is issued. The minimum coverage you can purchase on the rider is $1,000, and the maximum premium you can pay is $500,000. Money paid into the rider is participating, which means it may earn dividends like the rest of your policy.1 (Horizon Value™, Horizon Guarantee™ : Base Policy Form No. 985, or state variation.)


TERM RIDERS

10-Year and 20-Year Term Riders
Our 10-year and 20-year term riders are available on select whole life insurance products. The riders provide a fixed amount of term insurance for the primary insured and others to increase the policy’s death benefit potential. (Base Policy Form No. 949, or state variation.)


ACCELERATED DEATH BENEFIT RIDERS

Critical Illness Provision
This provision enables the owner of the policy to accelerate up to 10% (maximum of $25,000) of the policy's death benefit annually if the insured has been certified through written certification by a physician to be critically ill. This provision is available at no additional premium on Mutual Trust's Horizon Value™, Horizon Guarantee™, and Horizon Legacy™ policies.3 (Base Policy Form No. ENDCRI-23, or state variation.)

Chronic Illness Provision
This provision enables the owner of the policy to accelerate up to 24% (maximum of $240,000) of the policy's death benefit annually if the insured has been certified through written certification by a physician to be permanently chronically ill. This provision is available at no additional premium on Mutual Trust's Horizon Value™, Horizon Guarantee™, and Horizon Legacy™ policies.3 (Base Policy Form No. 90-13, or state variation.)

Terminal Illness Provision
This provision makes it possible to receive up to half of the death benefit of the policy (maximum of $250,000) prior to the death of the insured if the insured is diagnosed to have a terminal illness for which the insured's life expectancy, assuming ordinary and reasonable medical care, is 12 months or less. This provision is available at no additional premium on all Mutual Trust whole life and term products.3 (Base Policy Form No. 90-14, or state variation.)


DISABILITY RIDERS

Applicant Waiver of Premium Benefit
Our Applicant Waiver of Premium Benefit is available to applicants (policyowners) 18 to 54 years of age if the insured is less than 15 years of age. In the event the policyowner dies before the insured reaches age 25, Mutual Trust will waive premium payments that become due until the policy anniversary nearest the insured’s 25th birthday. In addition, if the policyowner becomes totally disabled, Mutual Trust will waive premium payments that become due during the duration of the total disability, or until the policy anniversary nearest the insured’s 25th birthday, whichever is sooner.2 (Base Policy Form No. 80-8, or state variation.)

2-Year Waiver of Premium Benefit
Our 2-Year Waiver of Premium Benefit exempts policyowners from making premium payments in the event of a disability. If the insured becomes totally disabled, Mutual Trust will waive premiums upon receipt of proof of total disability during the continuance of the disability. For the first two years of disability, total disability is defined as only the occupation when disability began. Thereafter, it expands to any reasonable occupation.2 (Base Policy Form No. 21-13, or state variation.)

5-Year Waiver of Premium Benefit
Our 5-year Waiver of Premium Benefit exempts policyowners from making premium payments in the event of a disability. If the insured becomes totally disabled, Mutual Trust will waive premiums upon receipt of proof of total disability during the continuance of the disability. For the first five years of disability, total disability is defined as only the occupation when disability began. Thereafter, it expands to any reasonable occupation.2 (Base Policy Form No. 21-14, or state variation.)

Disability Benefit Rider (DBR) for Flex Pay PUA Rider
This rider is specifically designed for use with our Flex Pay PUA Rider. When the rider is issued, the policyowner selects a benefit period, a benefit amount, and either the 2-year or 5-year own occupation option. Should the insured become disabled, upon approval of disability and a four-month elimination period, the benefit amount selected will be paid as premium payments into the Flex Pay PUA Rider.2 (Base Policy Form No. 21-15D, 21-16D, or state variation.)


SUPPLEMENTARY BENEFITS

Accidental Death Benefit
Our Accidental Death Benefit Rider provides additional death benefits if the insured dies within one year of an accident and before age 70.2 (Base Policy Form No. 32-8, or state variation.)

Children Insurance Rider
This rider covers all children under age 20 who are named in the application and those children, under age 20, who are born or adopted after the rider is in effect.2 (Base Policy Form No. 15-8, or state variation.)

Guaranteed Purchase Option Rider
Our GPO guarantees the policyowner the option to purchase additional permanent policies without evidence of insurability before each policy anniversary nearest age 22, 25, 28, 31, 34, 37 and 40. Or the owner may choose to advance the next option date upon marriage or the birth or adoption of a child. This alternative option may be substituted for all options except the last one.4 (Base Policy Form No. 50-8, or state variation.)


For more information about our riders, contact your Mutual Trust Representative.
(To locate one near you, click here.)


1)

Dividends are never guaranteed nor required by law. See Rider Provisions for full details.

2)

See Rider Provisions for full details.

3)
Administrative and reduction fees are taken at the time of acceleration. See provisions for full rider details.

4)
See Guaranteed Purchase Option Provisions for full details.

Neither Mutual Trust Life Solutions, nor independent agents or affiliates, offer legal or tax advice. For advice on taxes and legal issues, please consult a tax or legal expert of your choice.

Mutual Trust Life Solutions insurance policies are issued by Pan-American Life Insurance Company.

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Form No. 190