CareFirst BlueCross BlueShield and CareFirst BlueChoice, Inc. are independent licensees of the Blue Cross and Blue Shield Association. ® The Blue Cross and Blue Shield names and symbols are registered trademarks of the Blue Cross and Blue Shield Association.

®´ CareFirst is a registered trademark of CareFirst of Maryland, Inc.

May 2, 2011

CareFirst Partners with Companion Life Insurance Company

MARKET: 2-199 MARKET ONLY CareFirst BlueCross BlueShield and CareFirst BlueChoice, Inc. (collectively CareFirst) are extremely pleased to announce that we have partnered with Companion Life Insurance Company (Companion Life) as our preferred vendor for voluntary life and disability insurance products in the small group market. Companion Life Insurance products are available for sales effective immediately. To provide you with additional details, please find attached:

Companion Life frequently asked questions

Product highlights

Commission schedule

Contact information

Incentive Trip brochure For additional information and marketing materials, please visit www.companionlife.com Should you have any questions, please contact your Broker Sales Representative.

Shekar Subramaniam Associate Vice President, Broker Sales

For Distribution to Brokers/General Producers/Full-Service Producers Only (Not Intended for Distribution to Groups and Members)

Questions and Answers

Maryland, Washington DC, Virginia Region

1- Q- Who is Companion Life Insurance Company (CL)? A- CL is a wholly owned subsidiary of Blue Cross & Blue Shield of South Carolina, and is licensed in 46 states and the District of Columbia. 2- Q- What products are offered through CL? A- CL offers a portfolio of group and voluntary products including Term Life, Accidental Death & Dismemberment (AD&D), Short Term Disability (STD) and Long Term Disability (LTD). 3- Q- What is the A.M. Best rating of CL? A - CL was assigned a Best’s Financial Strength Rating of A+ (Superior) for the 10th consecutive year. The company continues to generate favorable sales results. A.M. Best believes that CL can continue to recognize favorable, profitable growth in the future. 4- Q - Describe the CL distribution system? A - CL contracts with General Agents and several Health Partners throughout the United States. 5- Q - Where is the Home Office located? A - Columbia, South Carolina. Regional offices are located in Virginia, Maryland, Tennessee, Ohio, Wisconsin, Rhode Island, Kansas and Arizona. 6- Q - Generally describe your Group and Voluntary Life programs? A - CL group Life/AD&D Trust program provides plans for 2-9 employer groups. The plan has guarantee issue, competitive age band rates and flexible plan designs. CL 10+ True group Life/AD&D program provides custom matched benefits, composite rating, custom guarantee issue amounts and two year rate guarantees. CL Voluntary Life is a freestanding program for groups with as few as five enrollees. High Guarantee Issue amounts depending on the level of employee participation and group size. The program provides a spouse and child(ren) benefit. It also has an AD&D option. All programs have an ineligible list of industries. Brochures and forms are available on our website.

- Continued -

1

7- Q - Generally describe your Group and Voluntary STD program? A - CL provides disability income to employees who become sick or injured off the job to replace part of their lost income on a short term basis. CL group STD Trust program provides plans for 2-9 employer groups. The plan has guarantee issue, competitive age band rates and flexible benefit designs. CL 10+ True group STD provides custom matched plans, composite rates, guarantee issue, two year rate guarantees and can be freestanding. CL Voluntary STD is a freestanding program for groups as few as 3 employees. Employee participation levels are 3 enrolled for 3-9 groups and 5 enrolled for 10+ groups. Employee may elect a weekly benefit up to $750. Several elimination periods are available. Program includes a partial benefit and an age band entry freeze. All programs have a list of ineligible industries. Brochures and forms are available on our website. 8- Q- Generally describe your Group and Voluntary LTD program? A- CL provides disability income to employees who become sick or injured to replace part of their monthly income on a long term basis to age 65. CL group LTD Trust program provides plans for 2-9 employer groups. The plan has several choices of elimination periods, benefit durations and competitive age band rates. Guarantee issue is standard for 5+ employer groups. CL 10+ True group LTD provides custom matched plans, composite rates, guarantee issue, three year rate guarantees and can be freestanding. CL Voluntary LTD is a freestanding program for groups of 10 or more employees. Participation is the greater of 10 or 25% of the employees. Several benefit designs and elimination periods are available. Benefit maximum up to $10,000. EAP program included at no charge. All programs have a list of ineligible industries. Brochures and forms are available on our website. 9- Q- Does CL have any special programs available? A- CL has developed a flat rate package plan called “BROKER PLUS”. This plan is available to 2-49 employer groups. The plan includes a flat $15,000 basic Life and AD&D benefit and a $100 per week STD benefit. The employer cost is $12.00 per employee per month for the total package. Employees may purchase additional STD benefit amounts through payroll deductions. Age band rates apply for the additional coverage. All coverage is guaranteed issued. This program has a list of ineligible industries.

10 -Q- Describe your billing process? A- CL provides direct billing from our home office or your client may elect to to be billed by one of our broker administrators in Maryland. If CL provides billing services, additional features are available. “My Benefits Companion” provides group administrators the option to enroll new employees, view employee’s coverage, terminate employee’s coverage and request certificate of coverage. Employers can view, print current and prior bills, pay online, and view payment history.

2

11- Q - Describe your enrollment process? A - A master employer application is required with all products. Employee enrollment cards or a census is required . Beneficiary cards may be required if employer doesn’t maintain copies. A binder check is required on all employer paid products. CL has approved the broker administrators election forms and electronic enrollment process. All CL forms may be downloaded from our website. 11- Q - How are brokers compensated? A - CL offers competitive commission schedules. First year and renewals below. Trust 2-9 Life/AD&D and STD - 20% level Trust LTD - 15% level Voluntary Life/AD&D, STD, and LTD - 15% level True Group Life/AD&D, STD - 15% graded True Group LTD – 15% graded 12- Q – Can the small group product billing fee be waived? A – Yes, if the billing is being done by one of our approved Broker Administrators. 13 - Q - How do we request a proposal? A – proposals@companiongroup.com or you may submit the request to your broker administrator. 14 - Q - Who is our local contact person in the field? A – michael.feglar@companiongroup.com Mike’s phone is 410-456-8291. His office is located at 100 West Rd. Ste. 300, Towson, MD. 21204. Attached is a contact list of our home office team. 15 - Q – Do you have any Broker Trip Incentives? A – Yes, our 2012 Leaders Conference Trip is to Barcelona, Spain , June 10-15 ,2012 at the Ritz Carlton Resort. Please contact Mike Feglar for details.

www.CompanionLife.com

A.M. Best rated A+ (Superior)

Proposal Requests: proposals@companiongroup.com

3

Companion Life Product List

SMALL GROUP (2-9) LARGE GROUP (10+) VOLUNTARY GROUP

LIFE COVERAGEGroup Term Life

. Choice of flat amount or multiple

of salary plan designs

. Available for 2-9 group size

. Dependent Life is available for

spouse and dependent children

. Convertible

. Minimum 25% Employer

contribution. lncludes AD&D

. Guaranteed issue: 2-4 lives -

$25,000; 5-9 lives $50,000. Age-banded rates

Group Term Life. Choice of flat amount or multiPle

of salary plan designs

. Available for 10+ group size

. 750/o participation

. Minimum 25% employee

contribution. Dependent Life is available for

spouse and dependent children

. Accelerated Death Benefit &

Waiver of Premium - Includedat no additional cost

. Conversion available

. lncludes AD&D

. Composite rates

Voluntary Group Term Life. Offers flat amount plan destgn

. Avarlable to 5+ groups; 10+ at

guaranteed issue

Dependent Life is available for

spouse and dependent children

lncludes AD&D

$1 00,000 Guaranteed Issueavailable 10 employees or25% parti ci p atio n (wh i c h ev eris greater)

Accelerated Death Benefit

included at no additional cost.

Portable at group rate

Convertible

Age-banded rates

DISABILITY COVERAGEShort Term Disability

. Provides 60% of weekly salary

up to $750 weekly maximum

. Available for 2-9 group size

. Employer selects benefit period

- 13 or 26 weeks

. lVo pre-existing limitations

. Maternity covered as illness

o Elimination periods - 1st day

accident; Bth day illness

. Age banded rates

Short Term Disability. Employer options include levels

with a wide choice of elimination

periods and durations

. Available for 10+ group size

. Minimum 25% employee

contribution. Choice of 13,26 or 52 weeks

duration. 750/o participation

e Partial Disability included

. Maternity covered as illness

. Composite rates

. No pre-existing limitations

Voluntary Short Term Disability. 8 plan designs. Minimum of 5 enrolled - no

participation

. 12112 pre-existing

. Ageband entry FREEZEo Partial disability. Maternity covered as tllness

. lncludes $10,000 AD&D

. Age-banded rates

Long Term Disability. Choice of plan designs; Two

YearlReducing Benefit Duration;

Five year/Reducing Benefit

Duration and Age 65/Reducing

Benefit Duration

o Available for 2-9 group size

. Min f 5 lives for select industries

. Provides 60% of income, up to

monthly maximum of $6,000. Partial disability benefit

. lncludes Disability Guidance(EAP)

. Age banded rates

Long Term Disabilityo Available to groups with 10 or

more eligible employees. Wide range of benefits

. Group must be in business for 2

years

. TSYoparticipation

. Minimum 25% employee

contribution. Workplace modification benefit

. lncludes EAP (Employee

4ssisfance Program). Composite rates

Voluntary Long Term Disability. Wide range of plan designs

. 60% of pre-disability income, uP

to monthly maximum $6,000. Available to groups with 10 +

eligible employees. Min participation 10 employees

or 250/o (whichever is greater)

. No evidence of insurability

required. lncludes EAP (Employee

Assisfance Program). Age banded rates

Companion Life Product List

@compniontifieA.M, Best Rating A+ (Superior)

www. Com pan ion Life.com

This is a general outline of covered bene/its and does not include all the benefits, limitations and exclusions of the policy.Please refer to the policy/certificate for details.

$MALL GROUP{2.9) LARGE GROUP (10+) VOLUNTARY GROUP

vrsroN. Choice of three plan designs:

" Vision Essentials - Exam

only

" Vrsion Choice - Eyewear

onlY

' Vision Select - Exam

And Eyewear. Available for 2-9 group size. Available as a stand-alone

plan with a $10 administrationfee

Choice of three plan designs:

" Vision Essentials - Exam

only

" Vision Choice - Eyewear

only

" Vision Select - Exam

And Eyewear. Available for 10+ group size. 1000h participation if employer

pays all premiums

. Available as a stand-aloneplan with 10 enrolledemployees

. Customizable olan desions

. Choice of three plan designs:

'Vrsion Essentials - Exam

onlY

" Vision Choice - Eyewear

only

' Vision Select - Exam

And Eyewear. Available for 10+ group size. lf employee contribution, 10

must participate and voluntary

rates apply. Availahle as a stand-alone

plan

DENTAL PLANSDental Cents

. Four plans are available foremployer choice

. Available for 2 to 9 group size

. Groups of 2-5 employees '100%

participation

. Groups of 6-9 employees, 100%

minus one participation

. Freedom to choose any dentist

or use a DenteMax dentist. Takeover benefits available

Dental by Designo Three standard plan designs are

available with choice of optional

benefits. Available to groups with 10 or

more employees. Freedom to choose any

dentist or use a DenteMaxdentist

. 25% minimum employer

contribution. Requires 50% participation

. Takeover henefits availahle

Voluntary Dental. Avarlable to groups of 3 or

more, or 20% of the eligiblegroup participating, whicheveramount is greater

. Two plans are available -Premier and Advantage

. Freedom to choose anydentist or use a DenteMaxdentist

. $100 lifetime deductible per

person (All services). Takeover benefits available

Additional Added Benefits

EveMed Vision Discount Plan Hearinq Services Plan Global Dental. Combines unlimited choice with

quality and value. Available to all employees

with a Companion dentalplanat no additional cost.

Provides assistance, protection

and treatment of hearing

Available to all employeeswith a Companion dentalplanat no additional cost.

. Provides a money saving

alternative for dental care at

international facilities

. Available to all employeeswith a Companion dental planat no additional cost.

3ll0l20t0

CompanionLifieGroup lnsurance Multiple Case Commission Agreement

Companion Life lnsurance Company (Companion) agrees to pay commissions to the Agent in accordance with the followinggroup insurance premiums reported and paid to Companion at its home office in Columbia, South Carolina, on applicationsfor group coverages.

Commission SchedulesPercent of Premiums

L True Group Long Term Disability, 10 PlusPortion Yearly Premium which is:

e

First $5,000 of Annual Premium 15.0o/o 15.0o/o

Next $10,000 of Annual Premium 10.0 10.0

Next $10,000 of Annual Premium 8.0 8.0

Next $20,000 of Annual Premium 5.0 5.0

All Annual Premiums in Excess of $45,000 2.5 2.5

True Group Life, AD&D and STD, 10 PlusPortion of Premium which is:

First $5,000 of Annual Premium 15.00 15.00

Next $10.000 of Annual Premium '10.0 10.0

Next $10,000 of Annual Premium 8.0 8.0

Next $20,000 of Annual Premium 5.0 5.0

All Annual Premiums in Excess of $45,000 2.5 2.5

Dental by Design, 10 PlusPortion of Yearly Premium which is:

First $10,000 of Annual Premium 10.0% 10.0%

Next $10,000 of Annual Premium 7.5 7,5

Next $10,000 of Annual Premium 5.0 5.0

All Annual Premiums in Excess of $30,000 3.5 3.5

lV. Gompanion Business Plan, Life and STD,2-9 Employees

V. Companion Business Plan, LTD,2-9 Employees

Vl. Dental "Cents" Plan,2-9 Employees

Vll. Voluntary Life, STD and LTD

Vlll. Voluntary Dental

lX. Vision by Design

Such commissions shall be payable as long as Companion retains the coverages (such retention being optional with

Companion), but such payment shall be subject to and contingent upon (a) continuance of the Agent as the Agent of Record(as accepted by Companion); (b) continued reasonable servicing of the policyholders and cooperation with Companion bythe Agent; (c) applicable laws or rulings of lnsurance Departments; (d) compliance by the Agent with the reasonable rules

and regulations of Companion; and (e) commission schedules remaining in effect with Companion Life lnsurance Company.

It is the agent's responsibility to review each commission statement for accuracy. ln no event will Companion Life pay

commissions retroactively more than six months. Agent of record changes will not be effective until acknowledged and

approved in writing by Companion Life.

lf, because of cancellation of a policy, or for any other reason, any premium or premiums paid upon a policy are returned, the

Agent, upon demand, shall repay the amount of commission received by him on premiums so returned.

Executed this _ day of _

First Year

20.0%

15.00k

10.0%

15.0%

10.0o/o

10.0%

Renewal

20.0%

15.0o/o

10.0%

15,00k

10.0%

10.ooa

ACCEPTED FOR AGENT/BROKER

FORHOME OFFICE USE ONLY:

ACCEPTED FOR COMPANION LIFE INSURANCE COMPANY

By(Signaturc of Authorizcd Representative)

Agent Code:

By:(Signature of AgenVBroker)

Name:(Type or Print Name of AgenVBroker)

95065 (Except SC)

il.

ilt.

(Rev. 4/08)

ffiMIKE FEGLARIOO West Ro.d, Suite 5OOTo*son, M D 21204

of[i.. 410-337-5657

."ll +t o-4s6-8291

toll fr.e 8OO-217-5746

fax 410-825-9222

M i.h."l. Fegla r@Cor pa nionG rou p.com

IIIWtrIEAaron West

8OO-755-O 40 4, ext. 45247

direct 8O5-264-5247

{ax 8OO-85 6-5433

Aa ro n West@Com pa n ion G ro, p..orn

Debbie Bo"hling

888-772-6916

BOO-447-6483

D.bbie. BoehlingqCompanionG roup.com

Ron Dunn

8OO-755-O 40 4, ext. 45122

direct 805-264-5122

{ax 8OO-83 6-5433

Ron. Dunn@CompanionG roup.com

@Susan Barb.r8OO-755-O 40 4, exl. 456 46

direct B03-264-5646

fax 803-87O-869O

Sr..n. B"rb"r@CompanionG rorp..orn

www.Companion Life.com

For Rapid Quotes: Proposals@CompanionGrorp."o-

Rated {* (Superior) by A.M. Best*

@CompanionLifie95464 t/F

Discover the epicenter of European culture and Mediterranean lifestyle in Barcelona, Spain. For your sales of Companion Life group products, you and a guest will enjoy six days and five nights at the luxurious Hotel Arts Barcelona, an award winning beach-front Ritz-Carlton Hotel, for Companion Life’s 2012 Leaders Conference. Celebrate your success, you’ve earned it!

Nestled on Spain’s Mediterranean coast, Barcelona is a cosmopolitan city cradled between the mouths of two rivers and the Serra de Collserola mountain ridge. Originally founded as a Roman city, today Barcelona is the capital of Catalonia, one of Spain’s 17 communities and a region with its own language and character.

Barcelona is chiefly known for its ground breaking art, architecture and style. With more than 2,000 years of cultural roots, the city is a diverse treasure trove of historical and artistically significant structures and fine art. From medieval buildings in the Gothic Quarter, to Art Nouveau structures by famous modern architects, the city’s physical history is passionately celebrated at every turn.

In addition to exceptional architecture, Barcelona has long been a playground for generations of modern artists including Pablo Picasso and Salvador Dali. Its world famous arts scene is as vibrant and outrageous as ever, and its abundant outdoor art and iconic buildings make it an especially rewarding city to experience by foot.

In Barcelona you can also count on a dining experience you won’t soon forget. Expansive outdoor markets are packed full of delicacies produced locally and around the world. So the city’s avant-garde chefs take advantage of the exotic ingredients available and zealously compete with the French for exceptional and innovative cuisine — you can be the judge!

While the city itself could keep you occupied for weeks, its surrounding beaches and crisp mountain ranges offer scenic and relaxing refuge in every direction. In Barcelona there truly is something for everyone — come see for yourself.

Companion Life Leaders Conference

June 10-15, 2012Qualification period effective dates from

1/1/2011 to 12/31/2011phone 800-753-0404 fax 800-836-5433

Take your own Mediterranean Holiday at Companion Life’s 2012 Leaders Conference!

Companion LifeLeaders Conference

qualification rulesagent / broker

n Meetminimumsalesrequirementforqualificationintheappropriatecategory.

n OnlylicensedgroupproducersareeligibletoattendtheLeadersConference.

n Attendeeswillreceivea1099forthetaxableportionof thetripforthemselvesandtheirguest.

n Maximumconventioncreditpercaseis$100,000.

n Multipleinvitationsbasedonagentproductioninexcessof basicqualificationareallowedforlicensedagentswithinthesameagency.Maximumof twoqualificationsperagencyisallowed.Minimumcasecountof sixcaseswillapplyforsecondconferenceinvitationtobeissued.

Agent Invitation Guidelines

– 1stlevelqualificationof $85,000receivesoneinvitationforproducerandaguest with producer airfare only. – 2ndlevelqualificationof $110,000receivesoneinvitationforproducerandaguest

with producer and guest airfare. – 3rdlevelqualificationof $170,000—Rewardyourself foroutstandingsalesbyexperiencing

theadventureof Barcelona,Spainonyourown!Qualifiersatthislevelreceiveanadditionalthree days(twonights)hotel-onlyexpense(standardroom)attheHotelArtsBarcelonaoracomparable hotelinthearea(subjecttoavailability)*.Includesproducerandguestround-tripairfare fromhomeairporttoBarcelonaInternationalAirport.

Maximum of two invitations per agent or agency.

n Onlythenamedproducerreceivingcommissionswillreceivecreditforaspecificcase.

n Whenacaseistobesplitforcasecountorconventionqualificationcredit,itmustbeapprovedatthetimeof submission.Noend-of-yearsplittingwillbeallowed.

n AllDentalpremium,VisionandGroupLTDcreditedat50%;allotherCompanionLifeGroupproductsandVoluntaryLifeandSTDpremiumcreditedat100%.

n AttendanceattheconferenceisdependentupontheproducerbeingcurrentlyappointedwithCompanionLifeatthetimeof theconferencetosellthelinesof businessforwhichcreditwasappliedduringtheconference qualificationperiod.LeadersConferenceinvitationisnot transferablewithoutpriorwrittenpermissionfromCompanionLifeandissubjecttoallqualificationrules.

95466-AGeNT 11/10

* SoMe lIMItAtIonS Apply