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10/01/2023 to 12/31/2026 secu r i an FINANCIAL RATE CONFIRMATION 1. Policyholder: Monroe County BOCC 2. Policy Number(s): 34395 3. Insurance Product(s): Basic Term Life and AD&D, Employee and Spouse Supplemental Term Life and AD&D, and Child Life 4. The insurance rates included in this rate confirmation are net of commissions. 5. Underwriting company: Minnesota Life Insurance Company 6. Rate Coverage Period: October 1, 2023— December 31, 2026 Premium Rates: Current Rates Renewal Rates Coverage Rate per$1,000 Rate per$1,000 per month per month Basic Active Life $0.400 $0.315 Basic Retiree Life $0.400 $0.315 Basic Active AD&D $0.020 $0.020 Employee and Spouse Age Rate Age Rate Supplemental Life* Under 25 $0.05 Under 25 $0.05 25—29 $0.06 25—29 $0.06 30—34 $0.08 30—34 $0.08 35—39 $0.09 35—39 $0.09 40—44 $0.12 40—44 $0.12 45—49 $0.21 45—49 $0.21 50—54 $0.37 50—54 $0.37 55—59 $0.61 55—59 $0.61 60—64 $0.75 60—64 $0.75 65—69 $1.31 65—69 $1.31 70—74 $2.06 70—74 $2.06 75** $2.38 75** $2.38 Employee and Spouse $0.020 $0.020 Supplemental AD&D Child Life $0.130 $0.130 *Please note,supplemental life rates do not include AD&D **Rates increase beyond age 75 and will be provided upon request. ecuuu°°Blain II I°liilinaunciialll Guu°°a°)u Ilea By --' Date March 21, 2023 Kyl trese Title 2nd Vice President and Actuary "� CIIIIII ".. IIIIIIII "" "" "" """' IIIIIIII IIIIIIII ;,� IIIIIIII"'�.IIIIIIII "" "" IIIIIIII "" .:�� ;,� "" "�" "" IIIIIIII �" �ii iii i....iiw....iir iiw iiw iiw.....iii T iiw�Y w� ii iii iiwm iiw ,iiw.....iir iiwm iiw.....iiwm iiwm iiw..... iiw.....iii T FI iiw..... iiwm iiwm iii....iiw ��rii�iii iii....iir IIII...iiwm This document confirms that the rates stated above are the agreed upon rates for the specified policy numbers. These rates will be charged for coverage amounts effective during the Rate Coverage Period listed above. This renewal offer is subject to the current terms and conditions of the policies covering employees and their dependents. Minnesota Life reserves the right to adjust the rates at any time in the event of plan design changes, modifications to the definition of eligible employees, or significant demographic changes in the group. We define significant changes to mean a change in the volume within a coverage or across coverages of more than 15%. Actives and retirees are considered independent coverages. The baseline for calculating the total change in volume will be the volume provided in the 2023 renewal census. Digitally signed by Bryan Cook Bryan Cook Date:2023.04.19 14:52:07 -04'00' By Date Bryan Cook Title Employee Services Director Rate Confirmation Page 2 of 2 Monroe County BOCC Plan Enhancements Ochs est ig�., As your incumbent carrier, we know how valuable employee benefits are to you and your employees. In support of this, we have identified several plan enhancements to enrich your life insurance program. We offer the life insurance enhancements at no additional cost beyond the premium paid. You have the flexibility to choose any, or all, of the following enhancements: Special Guaranteed Issue Enrollment Opportunity -fair Active Employees In an attempt to increase supplemental life participation, we are offering a special one-time guaranteed issue enrollment opportunity. Active employees may elect or increase coverage by $50,000 without evidence of insurability, provided that the resulting amount of insurance does not exceed the guaranteed issue limit of $300,000. Increases above the guaranteed issue limit are also available, however require evidence of insurability. Our guaranteed issue offer for all eligible employees will be accompanied by our best practices educational and enrollment materials. These materials will be included at no additional cost. By accepting the guaranteed issue offer we require that our best practices are followed to ensure employees understand the special guarantee issue opportunity, allowing them to make the best decision for themselves and their families, while at the same time ensuring the long-term health of your group term life insurance plan. Increased upplement l Life Maximum -fair Employee We propose increasing the supplemental life maximum to $750,000 and removed the salary multiple limitation to help keep pace with increasing salaries and insurance needs. The guaranteed issue limit will be increased to $300,000 for newly eligible employees. Increased upplement l Life Maximum and Guarantee Issue -fair Child We propose increasing the supplemental child life maximum to $20,000 (subject to state guidelines). The guaranteed issue limit will be increased to $20,000 for newly eligible children. Employees do not need to be enrolled in supplemental life to elect child supplemental life coverage (subject to state guidelines). Insurance products are issued by Minnesota Life Insurance Company or Securian Life Insurance Company, affiliates of Securian Financial Group, Inc. ©2022 Ochs, Inc.All rights reserved. Ochs, Inc., A Securian Company