“Prosperity Wealth” Advance Policy Instruction & Contingent Insured Option

Remarks:

1. While the policy is in force and during the lifetime of the Insured, the Policy Owner may request in writing to have the Death Benefit payable to the Beneficiary(ies) in the occurrence of the death of the Insured in accordance with any one or more payment option(s) and/or payment deferral arrangement(s) offered at BOC Life’s sole discretion (“Settlement Option(s)”) (“‘Prosperity Wealth’ Advance Policy Instruction”). Upon BOC Life’s approval of the death claim, payments calculated by the Determined Portion of Death Benefit shall be paid to the designated Beneficiary(ies) in accordance with the Settlement Option(s) chosen by the Policy Owner which respectively apply(ies) to each of such designated Beneficiary(ies). If the Settlement Option(s) chosen by the Policy Owner include(s) payment deferral arrangement(s), such payments shall be paid to the designated Beneficiary(ies) on or commencing from (as the case may be) the Designated Date of Payment under “Prosperity Wealth” Advance Policy Instruction. For the avoidance of doubt, should the Designated Date of Payment under “Prosperity Wealth” Advance Policy Instruction fall before our approval of the death claim, such payment deferral arrangement(s) shall be deemed to be cancelled, and the payment(s) to each of the designated Beneficiaries shall be released in accordance with the payment option(s) under the Settlement Option(s) chosen by the Policy Owner which respectively apply(ies) to each of such designated Beneficiary(ies) after BOC Life’s approval of the death claim. A non-guaranteed interest rate declared by BOC Life from time to time will be applied to the unpaid Determined Portion of Death Benefit accumulated with BOC Life. The payments amount is therefore not guaranteed.

2. The remaining balance of the Determined Portion of Death Benefit after deducting the initial lump sum payment paid (if applicable) and subsequent annuity payments paid will accumulate with interest at a non-guaranteed interest rate declared by BOC Life from time to time. BOC Life retains the right to adjust the non-guaranteed accumulation interest rate throughout the annuity payment period. The annuity payments amount is therefore not guaranteed. As of the print date of this flyer, the non-guaranteed accumulation interest rates are as follows:

3. During the lifetime of the Insured and while the policy is in force, the Policy Owner may make an application to nominate a Contingent Insured who may become the Insured of the policy when the current Insured dies, provided that all of the following conditions are met: (i) satisfactory proof of the insurability of the Contingent Insured is provided and accepted by BOC Life; (ii) satisfactory proof of the Policy Owner’s insurable interest in the Contingent Insured is provided and accepted by BOC Life; (iii) satisfactory proof of the Beneficiary(ies)’s insurable interest in the Contingent Insured is provided and accepted by BOC Life; (iv) the attained Age of the Contingent Insured on the date of the submission of the Application for Nomination of Contingent Insured must be between 15 days and 65; (v) the attained Age of the Contingent Insured must not exceed the attained Age of the first Insured (i.e. the Insured upon issuance of the Policy) for 10 years or more; (vi) the Policy Owner, Contingent Insured, assignee (if any), irrevocable Beneficiary (if any) and any relevant person(s) as may be requested BOC Life must sign on BOC Life’s prescribed application for Contingent Insured; and (vii) the Policy Owner provides such other information as may be requested by BOC Life in processing the application for nomination of Contingent Insured. If the current Insured dies and there is a Contingent Insured duly nominated, while the policy is in force and within 1 year from the date of death of the current deceased Insured, the Policy Owner may make an application for change of Insured to BOC Life to apply for replacing the current deceased Insured with the Contingent Insured. BOC Life’s approval of such application is subject to the following requirements: (i) the Contingent Insured is alive on the date of death of the current deceased Insured; (ii) Death Benefit is not paid under the policy; (iii) satisfactory proof of death of the current deceased Insured is provided and accepted by BOC Life; (iv) satisfactory proof of the insurability of the Contingent Insured is provided and accepted by BOC Life; (v) satisfactory proof of the Policy Owner’s insurable interest in the Contingent Insured is provided and accepted by BOC Life; (vi) satisfactory proof of the Beneficiary(ies)’s insurable interest in the Contingent Insured is provided and accepted by BOC Life; (vii) the attained Age of the Contingent Insured on the date of death of the current deceased Insured must be between 15 days and 65; (viii) the Policy Owner, Contingent Insured, assignee (if any), irrevocable Beneficiary (if any) and any relevant person(s) as may be requested by BOC Life from time to time must sign on BOC Life’s prescribed Application for change of Insured; and (ix) the Policy Owner provides such other information as may be requested by BOC Life in processing the application for change of Insured. The acceptance of Policy Owner’s application for change of Insured to the Contingent Insured will be entirely at BOC Life’s discretion, and subject to such other terms and conditions as BOC Life shall determine from time to time. Various terms of the policy will be revised upon the approval of the application for change of Insured to the Contingent Insured. For details, please refer to the sample of endorsement to be issued after approval of the application. In the event that there is a Contingent Insured nominated under the policy, BOC Life will not process any claim for Death Benefit within 1 year from the date of death of the current deceased Insured. BOC Life will only process a claim for Death Benefit in respect of the current deceased Insured if there is no application for change of Insured submitted within 1 year from the date of death of the current deceased Insured, such application for change of Insured is rejected, or the Contingent Insured is removed, whichever is the earliest. For the avoidance of doubt, if there is a Contingent Insured nominated and such Contingent Insured has successfully become the Insured of the policy, the Death Benefit under the policy will not be payable for the death of the current deceased Insured.