• NOTICE OF SPECIAL MEETING OF ...

NOTICE OF SPECIAL MEETING OF POLICYHOLDERS AND GUARANTY CAPITAL HOLDERS OF FIRST BENEFITS INSURANCE MUTUAL, INC. A special meeting of the policyholders and Guaranty Capital holders of First Benefits Insurance Mutual, Inc. will be held on November 9, 2018, at 9:30 a.m. EST. The special meeting will be held at 80 Carolina Vista Drive, Pinehurst, North Carolina 28374. The purpose of the special meeting is to ratify the unanimous action of the Board of Directors of the Company to issue Guaranty Capital certificates in the amount of $500,000. Specifically, the Board of Directors of the Company has unanimously voted that First Benefits Insurance Mutual, Inc. issue Guaranty Capital Certificates in the amount of $500,000 divided in into increments of $100.00 per Certificate in order to offset costs to expand to additional states and to make necessary technology upgrades while protecting the policyholders' surplus. The Board of Directors unanimously recommends that the Guaranty Capital membership requirement be ratified as adopted. The North Carolina Commissioner of Insurance has reviewed the proposed Guaranty Capital offering in accordance with N.C.G.S. 58-8-20, and found it to be "reasonable, justifiable, and in the best interest of all of the policyholders of the company." LP3882065