Edward Jones provides basic life insurance to all full-time associates at no cost to you.

• For branch office administrators and home-office associates, the benefit is two times your annual compensation, with a maximum of $150,000.
• For principals and for financial advisors whose branch production is less than $400,000, the basic plan pays a flat benefit of $150,000. The benefit is a flat $250,000 if the financial advisor's branch production is equal to or more than $400,000.
• Your benefit amount reduces 20% each January 1 following your 65th, 66th, 67th, and 68th birthday. The benefit amount reduces to $15,000 at age 69 on the following January 1 and to $10,000 at age 70 on the following January 1. It is terminated upon your retirement.
• Basic life insurance is payable for any cause of death.

Financial advisors with more than 5 years of service as an Edward Jones financial advisor will be automatically enrolled in this additional firm-paid life insurance plan.

Benefit: Insurance coverage equals the lesser of $3.5 million or 75% of gross revenue. Gross revenue is calculated using the annualized average of the prior three calendar years, dropping highest and lowest months. This benefit would be paid in addition to the basic firm-paid life insurance and any optional life insurance you may have elected. The Survivor Life benefit amount will be updated annually.

Financial advisors with more than 5 years of service as an Edward Jones financial advisor will be enrolled in the program until the earlier of:

• The date you are no longer a financial advisor at Edward Jones.
• The date you are under a firm investigation and suspended from your branch. (coverage will resume if you are reinstated.)

For those FA's who have an executed RTP Agreement after May 1, 2022, FA Survivor Life Insurance is provided during the pre-retire phase (years one and two). If death of the FA occurs during the pre-retire phase, their estate and/or beneficiaries will receive the Edward Jones Survivor Life benefit. In the event the Survivor Life benefit is smaller than the remaining, unpaid RTP amount, the FAs estate and/or beneficiaries will receive a lump sum payment of the difference within 90 days of the Veteran FAs death. In the event the remaining unpaid amount of the RTP does not exceed the FA Survivor Benefit, the estate and/or beneficiaries will receive no payments related to the Transition Plan. If death of the retiring FA occurs in year three or four, the remaining RTP compensation will be paid out to the estate.

Tax Consequences: The insurance premium is paid for by the firm, but associates covered by the Financial Advisor Survivor Life benefit must pay income tax on the premiums paid by Edward Jones on their behalf, plus any applicable provincial sales and excise taxes.

Beneficiaries: The beneficiaries of this Survivor Life benefit coverage are the same beneficiaries as your basic life insurance plan.

If a Claim is filed: Because this policy is issued by a U.S. insurance company, the benefit will be paid to your beneficiaries in U.S. dollars. The benefit amount will be determined at the date of death based on the exchange rate at that time.

Waive Coverage Option: You may waive the Survivor Benefit coverage. Once waived, you cannot re-enroll in this coverage at any time in the future. To request a waiver, please email Enroll@edwardjones.com.

You also can purchase more life insurance for yourself.

• Branch office administrators and home-office associates can buy insurance for up to the lesser of 10 times your annual earnings or $1.1 million.
• Financial advisors and principals may buy insurance for up to $1.1 million
• In the event that your death is a result of suicide, the amount payable will be limited to the amount of optional life insurance that was in effect for at least one year prior to your date of death.
• Your optional life benefit amount terminates at the earlier of your age 70 or retirement.

• You can enrol in up to $50,000 of coverage when you’re first eligible without providing any health information.
• You will have to provide health information, called evidence of insurability, if you:
  • Choose to buy more than $50,000 in coverage.
  • Decide to buy supplemental life insurance after you’re first eligible.
• Follow these steps to submit evidence of insurability.

When you make your online benefit elections, you will designate a beneficiary who will receive this benefit upon your death. You may name one or more individuals or your trust.

To update your beneficary electronically: 
Branch associates: Go to JonesLink>Working at Jones>Personal and Job Information

1. Enter your User Name and Password. 
2. Life Event > Request a Life Event (Beneficiary Change)
3. Select Benefits > Add/Edit > Benefits Enrollment System.

Note: When naming trustees for minor children, please use the Beneficiary Designation Form which can be found under Resources.

Edward Jones offers spouse life insurance in increments of $50,000, to a maximum of $250,000.

• All amounts are subject to evidence of insurability.
• You are automatically the beneficiary for the spouse life insurance.
• If your spouse's death is a result of suicide, the amount payable will be limited to the amount of spouse life insurance that was in effect for at least one year prior to the date of death.
• Spouse life insurance ends on the earlier of the date the associate turns age 70, the date the spouse turns age 70, or the date the associate is no longer an active, benefit-eligible associate.