Exhibit_B_Life_Age_Reduction_Amendment_1.1.26.pdf

This is an insurance policy amendment document for Brevard County Board of County Commissioners, establishing age-based reductions in life and accidental death & dismemberment (AD&D) insurance coverage under Group Policy No. 641728-G, effective January 1, 2026. The amendment applies to two employee plans and dependent spouse coverage, with insurance benefit reductions beginning at age 65. For both Plan 1 and Plan 2 life and AD&D insurance, as well as dependent spouse coverage, benefits are reduced on a graduated scale: members reaching age 65 retain 92% of their scheduled insurance amount, decreasing incrementally to 50% at age 70 and older. Class 2 members are exempt from age-based reductions. The amendment is issued by Standard Insurance Company and is subject to active work provisions outlined in the group policy.

This amendment represents a modification to Brevard County's existing group life and disability benefits contract, which was originally awarded to Standard Insurance Company effective January 1, 2019. The county administers comprehensive fully insured group term life, AD&D, short-term disability, and long-term disability coverage for eligible employees, dependents, and retirees. The amendment establishes the age-reduction schedule that will govern benefit levels for covered individuals as they advance in age, ensuring compliance with the policy structure through the contract period.