The application for and subsequent approval of the Long-Term Care Settlement Option will be considered irrevocable except that an owner may elect to discontinue the option and reinstate insurance benefits as a Reduced Paid Up benefit plan ONLY if the annual recertification fails to comply with IRS code. Under this condition, the death benefit would be re-established at a level supported by the remaining value of the Long-Term Care Settlement Option at the time it is discontinued. However, once discontinued, there will be no option to reinstate a subsequent Long-Term Care Settlement Option election of that insurance policy.