GROUP LIFE INSURANCE

Dear FEDEX MEC ALPA Member,

As part of our continuing effort to provide you with a comprehensive member benefits program, we are pleased to announce that Fedex MEC has chosen Unum Life Insurance Company of America, a subsidiary of UnumProvident Corporation, as our Voluntary Group Term Life Insurance provider. As the leader in income and lifestyle protection1, UnumProvident has the sound experience you expect from your insurance provider.

While no one likes to think about the possibility of dying, planning for your family's financial security in the event of your death is one of the greatest gifts you can give your loved ones. Group Term Life insurance helps protect your family from the economic hardships that could result when you are no longer able to provide for them. The Fedex MEC supports our membership by providing $10,000 of term life to every member in good standing and will continue to advance this death benefit to your beneficiary upon proof of death and completion of the required forms.

The plan we have chosen is highly flexible and is being offered at affordable group rates. We invite you to compare these rates and features to other group plans available to you. We believe this plan will meet your individual insurance needs and your budget. UnumProvident's coverage also includes a variety of benefits and service to help you and your family. Some of the advantages of the plan are:

To Enroll:

If, after reviewing the information, you have additional questions, please call Harvey W. Watt & Co. at 1-800-241-6103.

We encourage you to carefully consider the important financial protection that the Voluntary Group Term Life insurance offers you and your family.

Fraternally,

FEDEX ALPA MEC
Retirement and Insurance Committee

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1UnumProvident represents multiple insuring subsidiaries of UnumProvident Corporation and includes the #1 group and individual income protection carriers in the United States and Canada according to Employee Benefit Plan Review, May 2001, and LIMRA, May 2001.

2Assist America provides worldwide emergency assistance for traveling employees and their families in the event of unexpected medical emergencies, assist america® is a registered trademark of Assist America, Inc.

3Survivor Support® is a face-to-face, personalized financial counseling service provided by The Ayco Company, L.P. as an enhancement to your Fedex MEC life insurance coverage with UnumProvident. It would provide survivors of eligible Fedex MEC members and/or members facing a life-threatening illness with financial advice during a very difficult and emotional time. This service is not associated with the sale of a product or a service of any kind. In the event of a death or illness, all eligible participants or their survivors will have the opportunity to receive a financial counseling session with an Ayco counselor at no cost, regardless of the amount of benefits involved. The SurvivorsSupport® service is provided exclusively by The Ayco Company, L.P. The service is subject to availability and may be withdrawn by UnumProvident without prior notice. SurvivorSupport® is a registered trademark of The AycoCompany, L.P.

Please note: The service is not provided for dependents and members who have retired, ported or converted their group coverage.

4A Certificate will be issued to you that will state the details of your coverage. If there is a conflict between the Certificate and any other information given to you about the Plan, the Certificate will control.

HOW TO APPLY