An answer to many disability financial planning problems - including:

• Supplemental Coverage
• High Issue Limits - up to $20,000,000 or more
• No Automatic Benefit Reductions at older ages
• Automatic Increases Available
• Most Occupations Considered
• Senior Ages Considered

The applicable benefit will become payable when all of the conditions of eligibility have been met. We will pay the applicable benefit each month during the lifetime of the insured and while the buy-sell continues even if recovery should occur but no longer than the specified benefit period. The buy-sell benefit we shall pay each month is the monthly installment as established by a business valuation but not more than the monthly benefit shown on the schedule page. The total of all buy-sell benefits shall not exceed the lesser of the business valuation total or the benefit shown on the certificate schedule page.

Underwriters will pay the benefit to the loss payee if competent medical authority determines the insured to be permanently totally disabled as to being able to perform the substantial and material duties of his/her occupation.

The buy-sell benefit shall become payable when all of the conditions of eligibility have been met. The buy-sell benefit is a lump sum benefit amount established by a business valuation.

Sickness means disease or illness which is first diagnosed and results in a disability beginning while in the Certificate is in force. Injury means accidental body injury sustained and which results in a disability beginning while the Certificate is in force.

Permanent Total Disability means that in the opinion of competent medical authority the insured will not recover from the effects of a sickness or injury to the extent that the Insured will ever be able to resume the material and substantial duties of the Insured's occupation.

The Certificate of Insurance is issued for periods of insurance ranging from one [1] to five [5] years in duration. It is contemplated that the plans will be renewed, however, the underwriters reserve the right to refuse to renew the Certificate or to change the premium rates on renewal of the Certificate. Evidence of insurability may be required by the underwriters for consideration of renewal. Non-renewal by the Insure will be without prejudice to any claim in connection with a loss commencing while this plan is in force.

This is a Specified Occupation Plan. It will terminate automatically if you change from the occupation in which you were engaged in at the time the plan was issued, unless an agreement has been obtained in writing from the underwriters an any additional premium required by the underwriters has been paid. The sole liability of the underwriters in the event of an occupation change shall be to return on a pro-rata basis any unearned premiums paid for the balance of the plan term.

No benefits shall be paid due to Sickness or Injury caused by, contributed to by or related to the following and/or their treatments and/or complications thereof:

1. Suicide or intentional self-inflicted injury or poisoning:
2. War, declared or undeclared (Please note that Terrorism or Acts of Terrorism is defined differently than war and is covered under this certificate); except Nuclear, biological or chemical exposure as a result of war, declared or undeclared or terrorism.
3. While committing or attempting to commit a crime;
4. Taking of illegal or non-prescribed drugs, or addiction of misuse of prescription drugs;
5. Alcohol abuse or addiction, or being under the influence of alcohol, as defined by the vehicle code of the state or province in which the Accident occurred;
6. Mental or Nervous Disorders;
7. Pre-Existing Conditions;
   Which are physical, mental or chemical conditions which arise from any Accident or Sickness which was:
   1. not disclosed on the application, and
   2. for which You sought any medical advice or treatment prior to the effective date of this coverage or which caused symptoms for which an ordinarily prudent person would have sought medical advice.
8. Subjective Pain or other symptoms unless supported by objective medical findings;
9. Pregnancy and pregnancy-related conditions including but not limited to fertility, pre-natal care, childbirth, miscarriage, abortion or postpartum conditions.

Petersen International Underwriters want you to understand how they protect the confidentiality of non-public personal information they collected about you.

PIU collects non-public information about you from numerous sources including, but not limited to:

1. Information PIU receives from you on applications and other forms;
2. Information about your transactions with the affiliates, others or PIU;
3. Information PIU receives from consumer-reporting agencies; and
4. Financial and medical sources.

PIU does not disclose any non-public information about you to anyone except as is necessary in order to provide the products or services to you or otherwise as required or permitted by law (e.g. subpoena, fraud investigation, regulatory reporting, etc.).

PIU restricts access to non-public personal information about you to PIU's employees, PIU's affiliates' employees or others who need to know that information to service your account. PIU maintains physical, electronic and procedural safeguards to protect your non-public personal information.

If you have any further questions about this privacy statement or would like to learn more about how PIU protects your privacy, please contact us.

This plan is administered by

Petersen International Underwriters
23929 Valencia Boulevard, Suite 215
Valencia, CA 91355-2186

It is underwritten by Certain Underwriters at Lloyd's that is rated A "Excellent" by A.M. Best.

This is not intended to be a complete outline of coverage. Actual wording may change without notice.