Joshi, Sarika

Guardian Life Insurance Illustration Narrative Summary Sarika Joshi, Female Age 38, Elite

Benefit

Premium **

$1,000,000

Level 20 Year Term Waiver of Premium

$600.00 $40.00 $30.00

Extended Conversion Rider

Accelerated Terminal Illness Rider

Total First Year Premium

$670.00

Plan Overview:

The following is a general description of the proposed benefits. The complete terms and conditions are shown in the policy.

Guardian Level 20 Year Term:

• Level 20 Year Term Insurance Policy, Generic Form Number: 17-GLT. • This policy has no cash value. • This policy has a guaranteed level death benefit for 20 years. • The level premium is guaranteed for 20 years. • At the end of that period, the policyholder may elect to renew the policy for one additional year by paying a premium of $14,560.00. • This policy contains a conversion privilege. It is convertible to any single life, level premium whole life plan, or any other permanent insurance plan, that Guardian makes available for this purpose. It is not convertible to secondary guarantee universal life. The policy is convertible without additional underwriting for the first 5 years. Electing the Extended Conversion Rider extends the conversion period until the end of the term period. • Disability Waiver of Premium Rider, Generic Form Number: 17-WP GLT. • Premiums will be waived while the insured is totally disabled in accordance with the terms of this rider, if the disability is continuous for at least 6 months. • The rider is in effect and the premiums for this rider are payable for 20 years. No premiums are waived after the level term period expires. • The definition of total disability under the rider is based on the insured's "own occupation" for the first 7 years of disability.

Waiver of Premium:

Extended Conversion Rider:

• Extended Conversion Rider, Generic Form Number: 06-R41GLT. • This rider extends the conversion period to the end of the policy's term period. • If this rider is not elected, the conversion period would be 5 years.

Accelerated Terminal Illness Rider:

• Accelerated Terminal Illness Rider, Generic Form Number: 14-TABR TRM. • The policyholder may elect to receive a portion of the death proceeds if the insured is terminally ill as defined in the rider. This rider has no premium.

Important Notes: No dividends will be paid on this policy.

** Premiums and values are based on an annual mode.

The Annual Premium column shows the annual premium for the base policy and any riders at the beginning of the year.

The Death Benefit column shows the death benefit of the base policy and any riders at the end of the year. 5% Interest Adjusted indices are shown on the Level Term Report. They are based on the base policy only and do not include any supplemental coverages. These indices are useful in comparing policies of similar types. A low index number represents a lower cost than a higher index number. See the Life Insurance Buyer's Guide for further information.

August 28, 2019 ID:8800/Case ID:12734412

Version: 2.24.1

Page: 2 of 4