The Marquis Centennial

Indexed Universal Life

Marquis Centennial Indexed Universal Life

The strength of Universal Life When it comes to protecting your family financially, Universal Life Insurance has long served as a standard for death benefit protection and cash accumulation to help meet your long-term needs. Now you can enjoy all of the benefits of the financial security offered by Universal Life Insurance while taking advantage of the potential of certain increased policy values, through the Marquis Centennial Indexed Universal Lifei product from The Lafayette Life Insurance Company. Indexed Universal Life offers a solution for individuals who are looking for death benefit protection, and cash value accumulation. The Marquis Centennial Indexed Universal Life Insurance policy (the “Marquis Centennial IUL”) offers the opportunity to earn interest based on a formula that is linked in part to the performance of the

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S&P 500ii. This formula provides the potential of earning an interest rate higher than that which may be earned by the company declared fixed rate. The policy offers assurance that, as long as sufficient premiums are paid, you will have a guaranteed minimum policy value (please note that this guarantee is based on your policy value and not solely on the premiums you pay). This combination offers a unique mix of potential growth and guarantees to meet the diverse needs of today’s life insurance policyholder. The Marquis Centennial IUL is a life insurance policy and does not represent an investment in the stock market. It is not a substitute for an S&P 500 index-linked mutual fund or any equity-based investment. Money in the Marquis Centennial IUL is not insured or guaranteed by the FDIC or any government agency. All guarantees offered in the Marquis Centennial IUL are subject to the claims-paying ability of The Lafayette Life Insurance Company.

The Marquis Centennial IUL offers you these important benefits: Death Benefit The Marquis Centennial IUL will pay a death benefit to your beneficiary. The benefit is the policy’s specified amount if the level death benefit is chosen or the specified amount plus the policy value if the increasing death benefit is chosen. The death benefit will be reduced by the amount of any outstanding loan balance. Normally, the death benefit is paid to the beneficiary income tax free. Please consult your tax advisor for more detailed information.

Product Flexibility With the Marquis Centennial IUL, you can choose, subject to certain limits, how your funds in excess of a contractually defined amount are allocated across any combination of the fixed option and index interest crediting methods within the index option. As your needs change over time, your allocations for future premiums can change as well.

In addition, the Marquis Centennial IUL can help accommodate your evolving circumstances and financial goals. Not only can you adjust allocations for future premiums within certain limits, but our flexible premium plan allows you to increase, decrease, or skip certain payments. Caution should be exercised, however. Life insurance is a long term purchase and decreasing or skipping payments may cause your policy to lose value or lapse.

Potential Additional Cash Value Growth The fixed rate benefit of traditional Universal Life Insurance ensures that you will always receive a minimum guaranteed interest rate. Similarly, under the Marquis Centennial IUL, amounts you allocate to the fixed option or amounts retained in the unallocated interest crediting method will always receive a minimum guaranteed interest rate of 2% per year. However, with the Marquis Centennial IUL, now you can receive the benefit of potentially higher cash value accumulation by

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having your premiums allocated to interest crediting methods within the index option which provide the opportunity to earn a rate of interest on policy values that is based on a formula that is linked in part to the performance of the S&P 500. Accumulated value in the index option is based on two different interest crediting methods. Under Method A, the interest crediting formula will measure, in part, the growth in the S&P 500 by determining the percent of change in the index from the beginning of the index period to the same date one year later. Under Method B, the interest crediting formula will measure, in part, the change in the index from the beginning of the index period and compare it to the average of the 12 end of month values one year later. The interest rate credited under the index option will never be less than zero, even if the change in the S&P 500 is negative. The amount credited to your policy will also be no higher than the maximum index interest rate. Positive changes in the S&P 500 will be adjusted by a participation rate, which is the percentage of the gain in the index which will be applied to your policy. Each interest crediting method within the index option will have its own participation rate and maximum index interest rate. Both the participation rate and the maximum index

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interest rate will be published in advance of the allocation date and will apply to all values allocated to the index option in that month. For these allocated values, we will not change the participation rate and maximum index interest rate for one year from the allocation date.

The Premium Guarantee To protect your policy we offer a no-lapse guarantee that promises that your policy will remain in effect, even if there is no net cash value, so long as the total of all premiums (less any partial surrenders including the $15 charge on partial surrenders and any unpaid loans with unpaid loan interest charges) is at least as great as the cumulative monthly base period premium (the minimum premium) during the first 5 policy years and the cumulative monthly no-lapse guarantee premium thereafter. This guarantee can help provide you with peace of mind that the policy will provide your beneficiaries with the benefit you intend them to have.

Flexible Solutions for Long Term Care As costs for long term care continue to soar, you can look to your Marquis Centennial IUL policy for assistance. Our optional Long Term Care rider offers you flexible solutions to

provide access to policy values to help pay for costs associated with terminal illness as defined in the rider. Where approved, this feature also provides funds for critical illness and long-term confinement to a nursing home as defined in the policy rider.

Additional Benefits for your Financial Security As a Marquis Centennial IUL policyholder, you will have access to your policy values with flexible loan or withdrawal options against the net cash value of your policy. Withdrawals will reduce the death benefit of the policy by the amount of the withdrawal. Policy loans will be collateralized by the policy and the death benefit may be reduced if the insured dies before the loan is repaid. Interest rates on policy loans are variable and are tied to the Moody’s Seasoned Corporate Bond Rate. Interest

will continue to be credited to policy values collateralizing the loan as if there were no loan. You may choose to transfer funds within your policy on anniversaries of the date that the funds were initially allocated to the fixed option and interest crediting methods within the index option. In addition, the Marquis Centennial IUL offers two death benefit options with payouts that will pass not only free of probate to your named beneficiary, but in most cases, income tax free as well.

Long Term Benefits, Immediate Peace of Mind If you are seeking the security and stability of a universal life insurance policy with a no-lapse guarantee premium and the potential for certain increased policy values, a Marquis Centennial Indexed Universal Life product may be the right

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choice for you. Your Lafayette Life Insurance representative can help you make the right decision for your financial needs. By starting now, you will help build a firm financial foundation for yourself— and create a lasting legacy for your family. This brochure is not a substitute for your Marquis Centennial IUL policy, but we recommend that you keep this with your life insurance policy for reference. Your life insurance policy will provide you with a more complete description along with the specifics of the policy you purchased. Tax benefits are subject to change with changes in tax law, and you should consult your tax advisor. Tax benefits may also be lost under certain conditions. You should consult your tax advisor if a change in ownership of the policy is contemplated.

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Why Choose Lafayette Life Insurance? With more than one hundred years of service to policyholders, The Lafayette Life Insurance Company has proven itself as a leader in providing insurance products marketed on an individual and group basis. Lafayette Life is a member of Western & Southern Financial Group, a family of financial services companies whose heritage dates back to 1888 and whose consolidated assets owned, under management and under its care exceed $47 billion. With the strength of our organization and our ongoing commitment to serving you and your family, Lafayette Life Insurance Company is a company you can trust.

The Lafayette Life Insurance Company With more than one hundred years of service to policyholders, The Lafayette Life Insurance Company has proven itself as a leader in providing individual life insurance and annuities and retirement and pension products and services. Lafayette Life is a member of Western & Southern Financial Group, a family of financial services companies whose heritage dates back to 1888. With the strength of our organization and our ongoing commitment to servicing you, your business and your family, The Lafayette Life Insurance Company is the company you can trust.

i The Marquis Centennial Indexed Universal Life Policy, Policy Form (IUL-07). ii The S&P 500 (Standard & Poor’s Composite Stock Price Index) is composed of 500 common stocks representing major U.S. industry sectors. “Standard & Poor’s®”, “S&P®”, “S&P 500®”, “Standard & Poor’s 500”, and “500” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by The Lafayette Life Insurance Company. This policy is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representations regarding the advisability of purchasing this policy. The Standard and Poor’s Composite Price Index does not include dividends paid by the S&P 500® companies.

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The Lafayette Life Insurance Company 1905 Teal Road P.O. Box 7007 Lafayette, Indiana 47903 www.llic.com

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