Group Universal Life Insurance

No one can tell what will happen next year, let alone next month, or even next week. That’s why it’s important to prepare now with Group Universal Life (GUL) insurance, issued by The Prudential Insurance Company of America.

Through Lockheed Martin, you have the opportunity to elect Group Universal Life insurance coverage, which provides you and your loved ones with financial protection in addition to a voluntary cash accumulation fund.

Coverage options
You have the option of electing 1 to 8x your annual salary* ($4,000,000 maximum). You can enroll or increase your amount of coverage any time, subject to proof of insurability satisfactory to Prudential.

Who is eligible?
You are eligible to participate in the GUL program the day you start work if you work at a participating business unit as:· An active full-time salaried employee not covered by a collective bargaining agreement· An active part-time salaried employee not covered by a collective bargaining agreement who is regularly scheduled to work 20 hours or more a week· An employee in any bargaining unit which has adopted this plan

Enroll Today
Start protecting your priorities today. To enroll in Group Universal Life insurance, call your

Lockheed Martin Employee Service Center
(866) 562-2363 or (201) 242-4397

If you are hearing impaired, you may enroll by calling
(800) TDD-TDD4 or (800) 833-8334

Cost of Coverage
Active Rates (Per $1,000 of coverage, per month)

You pay the full cost of the plan. Your cost will depend on:
Your age as of December 1 of the prior plan year
Your annual base pay as of December 1 of the prior plan year or your hire date   (whichever is later)
The level of coverage elected
Rates may change as the insured enters a higher age category
Rates may change if plan experience requires a change for all insured's

Different bargaining units have different rates. Refer to your summary plan description for details. Deductions are made on an after-tax basis. Rates may change as the insured enters a higher age category. Rates may also change if plan experience requires a change for all insureds.

Cash Accumulation Fund
You can contribute money to a voluntary cash accumulation fund that earns interest on a tax-deferred basis. Your interest rate will change from year to year, but is guaranteed to be at least 4% annually. You can easily save for a vacation, a new car, retirement, or anything else you choose.

To participate, you must deposit at least $120 a year into your account. The amount you choose will be deducted evenly from your paychecks throughout the year. You can start, stop or change your contributions at any time by visiting Benefits Online via LMPeople or calling the Lockheed Martin Employee Service Center. You can also make lump sum deposits directly to the plan administrator whenever you’d like.**

* Only bargaining units that have specifically negotiated for GUL have this program. Certain bargaining units limit coverage elections to 6x annual salary to a maximum of $2,500,000. Refer to your summary plan description for details.

** Please note, if your cash contribution exceeds certain limits and your GUL coverage becomes a Modified Endowment Contract (MEC), different tax rules, and in some cases, penalties apply for lifetime distributions such as loans, withdrawals, and assignments. A MEC can result from premium payments or from a reduction in coverage (such as the purchase of paid-up insurance). If this applies to you, Marsh @WorkSolutions will notify you in writing of your status and advise you of your current options (if any) and by when you must respond. Prudential is not authorized to give tax advice. Please consult your tax advisor.

The Group Universal Life coverage is issued by The Prudential Insurance Company of America, 751 Broad Street, Newark, NJ 07102. This description is intended to be a summary of your benefits and does not include all policy provisions, exclusions and limitations. A Booklet-Certificate, with complete information, including limitations and exclusions, will be provided. If there is a discrepancy between this document and the Booklet-Certificate issued by Prudential, the terms of the Booklet-Certificate will govern. Contract series 96945.

IFS A122206 Ed. 8/06