⚖️The LifeDAO Terms & Conditions

Contract Term	The LifeDAO membership Contract term is five years.
Contract Renewal	The Member may request to renew the Contract for another period if they remain eligible for membership.
Member Eligibility	Members aged between 20 and 60 years, calculated on an actual age basis. Members residing in countries with active war or under sanctions are not eligible for membership. Members must have no pre-existing medical conditions as indicated in the signup process. Members must complete the KYC verification process, requiring the submission of personal data to confirm identity. KYC verification must be completed through TLD’s platform
Membership Contributions	The Member agrees to pay the required contributions annually in advance on the anniversary date specified on the Member Dashboard of the https://thelifedao.io website and the Membership Benefit Certificate.
Grace Period	28-day grace period, the Contract will be automatically cancelled If contributions are not paid within the grace period, and 100% of the Member's tokens will be burned immediately.
Benefit	If a member dies while the Contract is active, The LifeDAO will pay the Benefit Amount to the Beneficiary, based on the Benefit Multiplier and fund health. This only applies after the first three months of the membership. If the Member is alive at the end of the Contract Term, the Benefit will end automatically, and The LifeDAO will pay the Member their share of any surplus from the membership DAO fund, in line with the DAO bylaws. Note: The fund can only pay out what it holds in reserves. To ensure that it can pay out current benefits, and future benefits, a member’s max benefit may be adjusted downward. This is done by the underwriting algorithm and is applied to all members equally. At any point in time, the current adjustment to your benefit can be seen on your membership page. This adjustment is made to ensure the long-term stability and fairness of the fund.
Exclusions	Self-inflicted injury or suicide within the first three years of coverage War, civil commotion, breach of law, invasion, hostilities, rebellion, revolution, military or usurped power, or participation in acts of violence Injury or illness caused by activities such as Polo Climbing Mountaineering Gliding Ballooning Racing Participating in speed or endurance tests or record-breaking feats Any underwater activity Skydiving Parachuting Bungee Jumping Steeple chasing & other racing with horse Potholing and caving Sailing outside territorial water Intention or planning of participation in any criminal act Murder by the Beneficiary Death due to pre-existing conditions within the first six months of the Contract commencement date Claims within the first three months from the Commencement Date
Beneficiary Designation	There must be an insurable interest between the member and the beneficiary. Insurable interest principle helps ensure that the benefit serves its intended purpose which is to provide financial protection and security for those who depend on the insured person.
Surplus Distribution	If fund health is not sufficiently positive, no surplus will be distributed. If positive, the surplus will be distributed partially or fully to active Members in proportion to their token holdings, as decided by the DAO. For cancelled Contracts, the surplus will be paid as follows: No refund if cancelled within the 1st year. 20% of the Member’s share of the surplus if cancelled after completion of the 2nd year. 40% of the Member’s share of the surplus if cancelled after completion of the 3rd year. 80% of the Member’s share of the surplus if cancelled after completion of the 4th year.
Termination by The LifeDAO	If for whatever reason (including natural disasters such as Earthquakes, Tsunamis, Hurricanes/Cyclones, Floods, Volcanic Eruptions, Wildfires, Landslides, and other disasters such as nuclear disasters, Armed Conflicts/Wars, Terrorism attacks, all of which are defined as ‘Acts of God’), LifeDAO cannot or can no longer offer membership to existing members based on their country or region of residence, the membership of such a member will be terminated. The member will be entitled to proportional reimbursement of their last contribution, based on the end date of the membership, excluding the Tech and Services fee, and minus any gas and handling costs directly related to the reimbursement, this means that the Earnings do not get returned, and the member gets their share of the surplus based on their credits, if there is a surplus, so the surplus will be paid as follows: No refund if terminated within the 1st year. 20% of the Member’s share of the surplus if terminated after completion of the 2nd year. 40% of the Member’s share of the surplus if terminated after completion of the 3rd year. 80% of the Member’s share of the surplus if terminated after completion of the 4th year.