Continuation of Current Dividend Scale until June 30, 2022

We are pleased to announce that the dividend scale for Empire Life participating products will be maintained at current levels until June 30, 2022, as approved by our Board of Directors earlier this year.

We are also maintaining the Empire Life dividend scale interest rate of 6.0% until June 30, 2022.

For more information related to this announcement, please review the Information Circular.

FOR ADVISOR USE ONLY

The information in this document is for general information purposes only and is subject to change without prior notice. Empire Life assumes no responsibility for any reliance made on or any inaccuracy in the information contained in this document.

Policies are issued by The Empire Life Insurance Company.