Funding Agreement-Backed Note Program

Individual Market Individual Disability 2021 business mix by premium income 9.6% Key products • • Individual Disability Description Multi-Life Disability (introduced in 2007) Distribution model 90.4% Core Disability Multi-Life Disability Total premium income(a): $696 million 8 Guardian (a) Premium income is net of reinsurance (b) According to LIMRA Disability Income Sale Survey • Career agent network and brokers Wholesalers for Multi-Life Strategy • Focus on small business owners, professionals and executives • Multi-Life plans for measured growth Maintain outsourcing / reinsurance model for long-term care; long-term care block is in runoff Market position • BLICOA is a top 5 writer of individual disability insurance (b) 30

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