Exhibit 10(l)


 


Life
Coverage Highlights for Executives of Dayton Power & Light Company


 


Life and Accidental Death & Dismemberment (AD&D) Insurance


 


Standard Insurance Company has developed this document to provide you
with information about the Life and AD&D coverage through your employer. Written in non-technical
language, this is not intended as a complete description of the coverage. If
you have additional questions, please refer to your human resources
representative.


 


Employer Plan Effective Date


 


The Life and AD&D coverage is effective as of September 1, 2004 and
the coverage is paid for by Dayton Power  & Light Company.


 


Eligibility


 


To be eligible for this plan:


•                  You
must be an active employee of Dayton Power & Light, excluding, temporary or
seasonal employees, full time members of the armed forces, leased employees or
independent contractors


•                  You
must be regularly working at least 30 hours each week


 


Employee Coverage Amount


 


Basic Life coverage is 3 times annual earnings, to a maximum of 2
million


 


If you wish to become insured for an amount in excess of $500,000, the
excess will be subject to medical underwriting approval. All late applications
and requests for coverage increases are also subject to medical underwriting
approval.


 


Accidental Death and Dismemberment Insurance from Standard Insurance
Company is also included in this plan. The amount of AD&D is 3 times your
Annual Earnings to a maximum of $1,000,000.


 


Employee Coverage Effective Date


 


For employees in an Please contact your human resources representative
for more information regarding the  following requirements that must be satisfied for your insurance to
become effective. You must satisfy:


 


•                  Eligibility
requirements


•                  An eligibility
waiting period


•                  An
evidence of insurability requirement


 


An active work requirement.
This means that if you are not actively at
work on the day before the scheduled effective date of insurance
including Dependents Life Insurance, your insurance will not become effective
until the day after you complete 30 days of active
work as an eligible employee.


 


Suicide Exclusion


 


This plan includes an exclusion for death resulting from suicide or
other intentionally self-inflicted injury. The  amount payable will exclude amounts that have
not been continuously in effect for at least two years on the date of death.
This is subject to state variations.


 


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  Standard Insurance Company

  	
  Life Coverage Highlights
  for Executives of

  Dayton Power & Light Company

  



 


Portability


 


If your insurance ends because your employment terminates, you may be
eligible to buy portable group insurance  coverage. Please see your human resources representative for additional
information. This is subject to state variations.


 


You may use the portability feature if:


 


•                  You
are under age 65;


•                  You
are not disabled; and


•                  You
have worked for Dayton Power & Light Company as a full time employee for 12
consecutive months.


 


Conversion


 


If your insurance ends because your employment terminates, you may be
eligible to convert the terminated coverage to an individual life insurance
policy without providing evidence of insurability. Please see your human
resources representative for additional information


 


If You Become Terminally III


 


Under the Accelerated Benefit provision, you may be eligible to receive
up to 75% to $450,000 of your Basic Life insurance and Additional Life
insurance if you become terminally ill, have a life expectancy of less than 21
months and meet other eligibility requirements. This benefit allows you to use
the proceeds as you desire - whether to cover medical expenses or to maintain your quality of life.
The amount paid under the Accelerated
Benefit provision including an interest charge would reduce the
amount of Basic Life insurance and Additional Life insurance payable upon your
death.


 


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