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ex3-3 maria

The insured, Maria Cortez, has a policy that currently provides a $2,000 monthly benefit. The guaranteed insurability rider stipulates the maximum increase permitted is 10% of the current benefit, which would be $200 in Maria's case. This means that even if her monthly income has increased to a level that would make her eligible for a $2,500 monthly benefit, when she exercising her current option the maximum amount of Maria's new monthly benefit will be capped at $2,200.