Life Insurance Overview

Watch our video How life insurance protects families and covers critical costs. Life insurance If something happens to you, life insurance can help your family reduce financial stress. Lifeinsurancehelpsprotectyourfamily’sfinancesbyproviding acashbenefitif youpassaway.Thisensuresthatthey’llbe financiallysupported,andcancoverimportantthingsfrom billstofuneralcosts.Withlifepolicies,youcangetaffordable lifeinsuranceprotectionforasetperiodoftime. Who is it for? Everyone’s life insurance needs are different, depending on their family situation. That’s why group life insurance through an employer is an easier and more affordable option than individual life insurance. What does it cover? Life insurance protects your loved ones by providing a benefit (which is usually tax-exempt) if you pass away. Why should I consider it? Life insurance is about more than just covering expenses. Depending on your circumstances, it could take your family years to recover from the loss of your income. With a life insurance benefit, your family will have extra money to cover mortgage and rent payments, legal or medical fees, childcare, tuition, and any outstanding debts. Guardian,itssubsidiaries,agents,andemployeesdonotprovidetax,legal, oraccountingadvice. Consultyourtax,legal,oraccountingprofessional regardingyourindividualsituation. Preparing and planning Jorge’s neverconsideredpurchasing life insurance, butafterbeingofferedit through work, he decides it’s a smart waytoprotecthis family. Jorge has a mortgage, and because his wife is helping to take care of her mother, she only works part-time. In addition, his daughter is about to start college. Jorge looks at how his family would be affected by losing him. Average funeral cost: $9,000 Average mortgage debt: $202,000 Average cost of college: $17,000 - $44,000 Average householdcreditcarddebt: $8,500 With life insurance, Jorge can make sure that part of these costs are covered if something happens to him. This example is forillustrative purposes only. Yourplan’s coverage mayvary. See yourplan’s information on the followingpages forspecific amounts anddetails. You willreceive these benefits ifyou meetthe conditions listedin the policy. GUARDIAN® is a registered trademark of The Guardian Life Insurance Company of America AesopIntermediateLLC Kit created 12/05/2022 ALL ELIGIBLE EMPLOYEES Groupnumber:00554984 2020-104318 (07/22) 11

GUARDIAN® is a registered trademark of The Guardian Life Insurance Company of America Aesop IntermediateLLC Kit created 12/05/2022 ALL ELIGIBLE EMPLOYEES Groupnumber:00554984 Your life coverage BASIC LIFE VOLUNTARY TERM LIFE Employee Benefit Your employer provides $20,000 Basic Term Life coverage for all full time employees. $10,000 increments to a maximum of $500,000. See Cost Illustration page for details. Accidental Death and Dismemberment Your Basic Life coverage includes Enhanced Accidental Death and Dismemberment coverage. Enhanced employee, spouse, and child(ren) coverage. Maximum 1 times life amount. Spouse Benefit N/A $5,000 increments to a maximum of $100,000. See Cost Illustration page for details.‡ Child Benefit N/A Your dependent children age birth† to 26 years. $1,000 increments to a maximum of $10,000. Subject to state limits. See Cost Illustration page for details. Guarantee Issue: The ‘guarantee’ means you are not required to answer health questions to qualify for coverage up to and including the specified amount, when you sign up for coverage during the initial enrollment period. Guarantee Issue coverage up to $20,000 per employee We Guarantee Issue coverage up to: Employee $200,000. Spouse $25,000. Dependent children $10,000. Premiums Covered by your company if you meet eligibility requirements Increase on plan anniversary after you enter next five-year age group Portability: Allows you to take coverage with you if you terminate employment. Yes, with age and other restrictions, including evidence of insurability Yes, with age and other restrictions Conversion: Allows you to continue your coverage after your group plan has terminated. Yes, with restrictions; see certificate of benefits Yes, with restrictions; see certificate of benefits 12

Your life coverage GUARDIAN® is a registered trademark of The Guardian Life Insurance Companyof America Aesop IntermediateLLC Kit created 12/05/2022 ALL ELIGIBLE EMPLOYEES Groupnumber:00554984 BASIC LIFE VOLUNTARY TERM LIFE Accelerated Life Benefit: A lump sum benefit is paid to you if you are diagnosed with a terminal condition, as defined by the plan. Yes Yes Waiver of Premiums: Premium will not need to be paid if you are totally disabled. For employees disabled prior to age 60, with premiums waived until age 65, if conditions are met For employees disabled prior to age 60, with premiums waived until age 65, if conditions met Benefit Reductions: Benefits are reduced by a certain percentage as an employee ages. 35% at age 65, 60% at age 70, 75% at age 75, 85% at age 80 35% at age 65, 60% at age 70, 75% at age 75, 85% at age 80 Subject to coverage limits † Voluntary Life: Infant coverage is limited based on age. ‡ Spouse coverage terminates at age 70. The Guarantee Issue amount may be subject to reductions by percentage at the ages shown in this summary. Annual Election Option allows employees to increase the amount of their life coverage without a medical exam when they re-enroll in their company’s Voluntary Life plan. This option allows employees to step up to an amount of up to $50,000, up to the Guarantee Issue amount. 13

Voluntary Life Cost Illustration: To determine the most appropriate level of coverage, as a rule of thumb, you should consider about 6 - 10 times your annual income, factoring in projected costs to help maintain your family’s current life style. GUARDIAN® is a registered trademark of The Guardian Life Insurance Company of America Aesop IntermediateLLC Kit created 12/05/2022 ALL ELIGIBLE EMPLOYEES Groupnumber:00554984 Monthly premiums displayed. Cost of AD&D is included. Policy Election Amount Policy Election Cost Per Age Bracket Employee < 30 30–34 35–39 40–44 45–49 50–54 55–59 60–64 65–69† $10,000 $1.07 $1.11 $1.33 $1.85 $2.77 $4.30 $6.64 $9.50 $15.95 $20,000 $2.14 $2.22 $2.66 $3.70 $5.54 $8.60 $13.28 $19.00 $31.90 $30,000 $3.21 $3.33 $3.99 $5.55 $8.31 $12.90 $19.92 $28.50 $47.85 $40,000 $4.28 $4.44 $5.32 $7.40 $11.08 $17.20 $26.56 $38.00 $63.80 $50,000 $5.35 $5.55 $6.65 $9.25 $13.85 $21.50 $33.20 $47.50 $79.75 $60,000 $6.42 $6.66 $7.98 $11.10 $16.62 $25.80 $39.84 $57.00 $95.70 $70,000 $7.49 $7.77 $9.31 $12.95 $19.39 $30.10 $46.48 $66.50 $111.65 $80,000 $8.56 $8.88 $10.64 $14.80 $22.16 $34.40 $53.12 $76.00 $127.60 $90,000 $9.63 $9.99 $11.97 $16.65 $24.93 $38.70 $59.76 $85.50 $143.55 $100,000 $10.70 $11.10 $13.30 $18.50 $27.70 $43.00 $66.40 $95.00 $159.50 $110,000 $11.77 $12.21 $14.63 $20.35 $30.47 $47.30 $73.04 $104.50 $175.45 $120,000 $12.84 $13.32 $15.96 $22.20 $33.24 $51.60 $79.68 $114.00 $191.40 $130,000 $13.91 $14.43 $17.29 $24.05 $36.01 $55.90 $86.32 $123.50 $207.35 $140,000 $14.98 $15.54 $18.62 $25.90 $38.78 $60.20 $92.96 $133.00 $223.30 $150,000 $16.05 $16.65 $19.95 $27.75 $41.55 $64.50 $99.60 $142.50 $239.25 $160,000 $17.12 $17.76 $21.28 $29.60 $44.32 $68.80 $106.24 $152.00 $255.20 $170,000 $18.19 $18.87 $22.61 $31.45 $47.09 $73.10 $112.88 $161.50 $271.15 $180,000 $19.26 $19.98 $23.94 $33.30 $49.86 $77.40 $119.52 $171.00 $287.10 $190,000 $20.33 $21.09 $25.27 $35.15 $52.63 $81.70 $126.16 $180.50 $303.05 $200,000 $21.40 $22.20 $26.60 $37.00 $55.40 $86.00 $132.80 $190.00 $319.00 $210,000 $22.47 $23.31 $27.93 $38.85 $58.17 $90.30 $139.44 $199.50 $334.95 $220,000 $23.54 $24.42 $29.26 $40.70 $60.94 $94.60 $146.08 $209.00 $350.90 $230,000 $24.61 $25.53 $30.59 $42.55 $63.71 $98.90 $152.72 $218.50 $366.85 $240,000 $25.68 $26.64 $31.92 $44.40 $66.48 $103.20 $159.36 $228.00 $382.80 $250,000 $26.75 $27.75 $33.25 $46.25 $69.25 $107.50 $166.00 $237.50 $398.75 $260,000 $27.82 $28.86 $34.58 $48.10 $72.02 $111.80 $172.64 $247.00 $414.70 $270,000 $28.89 $29.97 $35.91 $49.95 $74.79 $116.10 $179.28 $256.50 $430.65 $280,000 $29.96 $31.08 $37.24 $51.80 $77.56 $120.40 $185.92 $266.00 $446.60 $290,000 $31.03 $32.19 $38.57 $53.65 $80.33 $124.70 $192.56 $275.50 $462.55 14

GUARDIAN® is a registered trademark of The Guardian Life Insurance Companyof America Aesop IntermediateLLC Kit created 12/05/2022 ALL ELIGIBLE EMPLOYEES Groupnumber:00554984 Voluntary Life Cost Illustration continued < 30 30–34 35–39 40–44 45–49 50–54 55–59 60–64 65–69† $300,000 $32.10 $33.30 $39.90 $55.50 $83.10 $129.00 $199.20 $285.00 $478.50 $310,000 $33.17 $34.41 $41.23 $57.35 $85.87 $133.30 $205.84 $294.50 $494.45 $320,000 $34.24 $35.52 $42.56 $59.20 $88.64 $137.60 $212.48 $304.00 $510.40 $330,000 $35.31 $36.63 $43.89 $61.05 $91.41 $141.90 $219.12 $313.50 $526.35 $340,000 $36.38 $37.74 $45.22 $62.90 $94.18 $146.20 $225.76 $323.00 $542.30 $350,000 $37.45 $38.85 $46.55 $64.75 $96.95 $150.50 $232.40 $332.50 $558.25 $360,000 $38.52 $39.96 $47.88 $66.60 $99.72 $154.80 $239.04 $342.00 $574.20 $370,000 $39.59 $41.07 $49.21 $68.45 $102.49 $159.10 $245.68 $351.50 $590.15 $380,000 $40.66 $42.18 $50.54 $70.30 $105.26 $163.40 $252.32 $361.00 $606.10 $390,000 $41.73 $43.29 $51.87 $72.15 $108.03 $167.70 $258.96 $370.50 $622.05 $400,000 $42.80 $44.40 $53.20 $74.00 $110.80 $172.00 $265.60 $380.00 $638.00 $410,000 $43.87 $45.51 $54.53 $75.85 $113.57 $176.30 $272.24 $389.50 $653.95 $420,000 $44.94 $46.62 $55.86 $77.70 $116.34 $180.60 $278.88 $399.00 $669.90 $430,000 $46.01 $47.73 $57.19 $79.55 $119.11 $184.90 $285.52 $408.50 $685.85 $440,000 $47.08 $48.84 $58.52 $81.40 $121.88 $189.20 $292.16 $418.00 $701.80 $450,000 $48.15 $49.95 $59.85 $83.25 $124.65 $193.50 $298.80 $427.50 $717.75 $460,000 $49.22 $51.06 $61.18 $85.10 $127.42 $197.80 $305.44 $437.00 $733.70 $470,000 $50.29 $52.17 $62.51 $86.95 $130.19 $202.10 $312.08 $446.50 $749.65 $480,000 $51.36 $53.28 $63.84 $88.80 $132.96 $206.40 $318.72 $456.00 $765.60 $490,000 $52.43 $54.39 $65.17 $90.65 $135.73 $210.70 $325.36 $465.50 $781.55 $500,000 $53.50 $55.50 $66.50 $92.50 $138.50 $215.00 $332.00 $475.00 $797.50 Policy Election Amount Spouse $5,000 $.54 $.56 $.67 $.93 $1.39 $2.15 $3.32 $4.75 $7.98 $10,000 $1.07 $1.11 $1.33 $1.85 $2.77 $4.30 $6.64 $9.50 $15.95 $15,000 $1.61 $1.67 $2.00 $2.78 $4.16 $6.45 $9.96 $14.25 $23.93 $20,000 $2.14 $2.22 $2.66 $3.70 $5.54 $8.60 $13.28 $19.00 $31.90 $25,000 $2.68 $2.78 $3.33 $4.63 $6.93 $10.75 $16.60 $23.75 $39.88 $30,000 $3.21 $3.33 $3.99 $5.55 $8.31 $12.90 $19.92 $28.50 $47.85 $35,000 $3.75 $3.89 $4.66 $6.48 $9.70 $15.05 $23.24 $33.25 $55.83 $40,000 $4.28 $4.44 $5.32 $7.40 $11.08 $17.20 $26.56 $38.00 $63.80 $45,000 $4.82 $5.00 $5.99 $8.33 $12.47 $19.35 $29.88 $42.75 $71.78 $50,000 $5.35 $5.55 $6.65 $9.25 $13.85 $21.50 $33.20 $47.50 $79.75 15

GUARDIAN® is a registered trademark of The Guardian Life Insurance Companyof America Aesop IntermediateLLC Kit created 12/05/2022 ALL ELIGIBLE EMPLOYEES Groupnumber:00554984 Voluntary Life Cost Illustration continued < 30 30–34 35–39 40–44 45–49 50–54 55–59 60–64 65–69† $55,000 $5.89 $6.11 $7.32 $10.18 $15.24 $23.65 $36.52 $52.25 $87.73 $60,000 $6.42 $6.66 $7.98 $11.10 $16.62 $25.80 $39.84 $57.00 $95.70 $65,000 $6.96 $7.22 $8.65 $12.03 $18.01 $27.95 $43.16 $61.75 $103.68 $70,000 $7.49 $7.77 $9.31 $12.95 $19.39 $30.10 $46.48 $66.50 $111.65 $75,000 $8.03 $8.33 $9.98 $13.88 $20.78 $32.25 $49.80 $71.25 $119.63 $80,000 $8.56 $8.88 $10.64 $14.80 $22.16 $34.40 $53.12 $76.00 $127.60 $85,000 $9.10 $9.44 $11.31 $15.73 $23.55 $36.55 $56.44 $80.75 $135.58 $90,000 $9.63 $9.99 $11.97 $16.65 $24.93 $38.70 $59.76 $85.50 $143.55 $95,000 $10.17 $10.55 $12.64 $17.58 $26.32 $40.85 $63.08 $90.25 $151.53 $100,000 $10.70 $11.10 $13.30 $18.50 $27.70 $43.00 $66.40 $95.00 $159.50 Policy Election Amount Child(ren) $1,000 $0.13 $0.13 $0.13 $0.13 $0.13 $0.13 $0.13 $0.13 $0.13 $2,000 $0.26 $0.26 $0.26 $0.26 $0.26 $0.26 $0.26 $0.26 $0.26 $3,000 $0.40 $0.40 $0.40 $0.40 $0.40 $0.40 $0.40 $0.40 $0.40 $4,000 $0.53 $0.53 $0.53 $0.53 $0.53 $0.53 $0.53 $0.53 $0.53 $5,000 $0.66 $0.66 $0.66 $0.66 $0.66 $0.66 $0.66 $0.66 $0.66 $6,000 $0.79 $0.79 $0.79 $0.79 $0.79 $0.79 $0.79 $0.79 $0.79 $7,000 $0.92 $0.92 $0.92 $0.92 $0.92 $0.92 $0.92 $0.92 $0.92 $8,000 $1.06 $1.06 $1.06 $1.06 $1.06 $1.06 $1.06 $1.06 $1.06 $9,000 $1.19 $1.19 $1.19 $1.19 $1.19 $1.19 $1.19 $1.19 $1.19 $10,000 $1.32 $1.32 $1.32 $1.32 $1.32 $1.32 $1.32 $1.32 $1.32 Refer to Guarantee Issue row on page above for Voluntary Life GI amounts. Premiums for Voluntary Life Increase in five-year increments Infant coverage is limited for the first two weeks of infant’s life. Spouse coverage premium is based on Employee age. †Benefit reductions apply. The Guarantee Issue amount may be subject to reductions by percentage at the ages shown in this summary. 16

GUARDIAN® is a registered trademark of The Guardian Life Insurance Companyof America Aesop IntermediateLLC Kit created 12/05/2022 ALL ELIGIBLE EMPLOYEES Groupnumber:00554984 LIMITATIONS AND EXCLUSIONS: A SUMMARY OF PLAN LIMITATIONS AND EXCLUSIONS FOR LIFE AND AD&D COVERAGE: You must be working full-time on the effective date of your coverage; otherwise, your coverage becomes effective after you have completed a specific waiting period. Employees must be legally working in the United States in order to be eligible for coverage. Underwriting must approve coverage for employees on temporary assignment: (a) exceeding one year; or (b) in an area under travel warning by the US Department of State. Subject to state specific variations. Evidence of Insurability is required on all late enrollees. This coverage will not be effective until approved by a Guardian underwriter. This proposal is hedged subject to satisfactory financial evaluation. Please refer to certificate of coverage for full plan description. Dependent life insurance will not take effect if a dependent, other than a newborn, is confined to the hospital or other health care facility or is unable to perform the normal activities of someone of like age and sex. Accelerated Life Benefit is not paid to an employee under the following circumstances: one who is required by law to use the benefit to pay creditors; is required by court order to pay the benefit to another person; is required by a government agency to use the payment to receive a government benefit; or loses his or her group coverage before an accelerated benefit is paid. Voluntary Life Only: We pay no benefits if the insured’s death is due to suicide within two years from the insured’s original effective date. This two year limitation also applies to any increase in benefit. This exclusion may vary according to state law. Late entrants and benefit increases require underwriting approval. GP-1-R-LB-90, GP-1-R-EOPT-96 Guarantee Issue/Conditional Issue amounts may vary based on age and case size. See your Plan Administrator for details. Late entrants and benefit increases require underwriting approval. For AD&D: We pay no benefits for any loss caused: by willful self-injury; sickness, disease or medical treatment; by participating in a civil disorder or committing a felony; Traveling on any type of aircraft while having duties on that aircraft; by declared or undeclared act of war or armed aggression; while a member of any armed force (May vary by state); while driving a motor vehicle without a current, valid driver’s license; by legal intoxication; or by voluntarily using a non-prescription controlled substance. Contract #GP-1-R-ADCL1-00 et al. We won't pay more than 100% of the Insurance amount for all losses due to the same accident, except as stated. The loss must occur within a specified period of time of the accident. Please see contract for specific definition; definition of loss may vary depending on the benefit payable. Enhanced AD&D: A loss may be defined as death, quadriplegia, loss of speech and hearing, loss of cognitive function, comatose state in excess of one month, hemiplegia or paraplegia. The loss must occur within a specified period of time of the accident. Please see contract for specific definition; definition of loss may vary depending on the benefit payable. Guardian Group Life Insurance underwritten and issued by The Guardian Life Insurance Company of America, New York, NY. Products are not available in all states. Policy limitations and exclusions apply. Optional riders and/or features may incur additional costs. Plan documents are the final arbiter of coverage. Policy Form # GP-1-LIFE-15 17