Qualification Period

The qualification period will be twelve months; from January 1, 2002 to December 31, 2002.

Management of the President's Club

The management of the President’s Club will be the responsibility of the Marketing Department of American Home Life.

Eligibility

The Qualified Agent or General Agent must be under contract with the Company at the time of the president’s Club Meeting and must attend the meeting to receive President’s Club benefits. Cash in lieu of the expenses to attend the meeting will not be due or paid to the qualified member.

President's Club Meeting

Qualified members of the 2002 President’s Club will earn an all-expense paid trip (including spouse or guest) to attend the President’s Club Meeting at the Hyatt Regency Monterey in Monterey, California. The dates of the meeting will be June 1 - 5, 2003.

Qualification Requirements

Minimum Number of Lives
24

Issued and Paid Annualized Life Premium
$37,500

Persistency Requirement

2002 Business - - - No less than 90%
(85% Final Expense Business)

2001 Business - - - No less than 75%
(70% Final Expense Business)

No Qualification pro rata. No buy-in qualification. Five percent (5%) credit for first year collected. PARider premium. Nine percent (9%) credit for single premium products. Five percent (5%) credit for first year collected annuity premium.

No premium credit for annuity business of life business written on the Agent of General Agent's own life or of their immediate families.