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 10 years of service as an Edward Jones advisor will be automatically enrolled in this additional firm-paid life insurance plan.

Benefit: The benefit is equal to 50% of your previous calendar year's gross revenue (commonly referred to a "gross branch commissions") as shown on the year-end Profit and Loss Statement, up to the maximum benefit of $1.5 million in U.S. dollars. 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 Benefit amount will be updated annually. The premiums for this coverage are paid by Edward Jones. This coverage will have additional tax consequences as described below.

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.

When Coverage Ends:

• The date you begin a Retirement Transition Plan. For more information about Retirement Transition Plan, please see JonesLink > Working at Jones > Asset and Office Sharing.
• The date you are no longer an Edward Jones advisor.
• The date you are under a firm investigation and suspended from your branch office. Coverage will resume if you are reinstated.

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

Tax Consequences: Associates covered by the Survivor Benefit must pay income tax on the premiums paid by Edward Jones on their behalf, plus any applicable provincial sales and excise taxes.

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.