Index

Eligibility and Enrollment

Basic Life Coverage

Basic Accidental Death and Dismemberment Insurance

Group Universal Life Insurance

Voluntary Accidental Death and Dismemberment Insurance

Choosing a Beneficiary

Retiree Coverage

Administrative and ERISA Information

Key Terms

ExxonMobil Life Insurance SPD
May 2008

About The Life Insurance Plan

This summary plan description (SPD) is a summary of your benefits under the ExxonMobil Life Insurance Plan. It does not contain all plan details. In determining specific benefits, the full provisions of formal plan documents and the insurance certificates, as they exist now or as they may exist in the future, always govern. Copies of these documents are available for your review.

Applicability to represented employees is governed by collective bargaining agreements and any local bargaining requirements.

Some employees and retirees may have some or all of their life coverage provided under the terms of the Family Adjustment and Family Income Plans. Refer to the July 2003 summary plan description for the Family Adjustment, Family Income and Contributory Life Insurance plans.

Information Sources

When you need information, you may contact:
Benefits Administration — Customer Service Representatives can provide specialized assistance. References to Benefits Administration throughout this SPD pertain to either ExxonMobil Benefits Administration or ExxonMobil Benefits Service Center as listed below. Depending on your status (employee, retiree, or survivor), you should contact the appropriate service center.

Employees can enroll/change benefits on the ExxonMobil Me HR Intranet site through Employee Direct Access (EDA) when a change in status occurs. Enrollment forms are also available through ExxonMobil Benefits Administration for those without access to EDA.

MetLife — Metropolitan Life Insurance Company (MetLife) issues the insurance policy for participant-paid insurance, Group Universal Life (GUL), and answers questions about the Special Benefits features of Voluntary Accidental Death and Dismemberment Insurance.

AXA Assistance USA, Inc (AXA) — Answers questions about the Emergency Travel Assistance Services features of Voluntary Accidental Death and Dismemberment Insurance.

LINA — Life Insurance Company of North America (LINA) issues the insurance policy for company-paid insurance and provides the conversion policy if your Basic Life insurance coverage ends.

ExxonMobil sponsored sites — Access to plan-related information for employees, retirees, and their family members.

• ExxonMobil Me, the Human Resources Intranet Site — Can be accessed at work by employees.
• ExxonMobil Family, the Human Resources Internet Site — Can be accessed from home by everyone at www.exxonmobilfamily.com.
• Retiree Online Community Internet Site — Can be accessed from home by retirees and survivors only at www.emretiree.com.
• ExxonMobil Benefits Service Center at ACS Internet Site — Can be accessed from home by everyone at www.exxonmobil.com/benefits.

Introduction

The ExxonMobil Life Insurance Plan provides benefits in the event of your death and for certain accident-related injuries. You make no contributions for Basic Life Coverage and Basic Accidental Death and Dismemberment Insurance. Active employees may participate in Group Universal Life Insurance and Voluntary Accidental Death and Dismemberment Insurance by enrolling and making contributions.

To help you find specific information quickly and easily, this SPD includes these helpful tools:

• Plan at a Glance, a quick user's guide highlighting plan basics.
• Charts and tables providing information, examples, highlights of plan provisions, etc.
• A list of Key Terms containing definitions of some words and terms used in this SPD.
• An Index to help you locate specific items.

A careful reading of this SPD will help you understand how the life and accidental death and dismemberment benefits work so you can make the best use of the plan provisions. You may obtain additional information through the sources shown on page 1.

Plan at a Glance

Enrolling
You are automatically covered on the first day of active employment as a regular employee by Basic Life Insurance and Basic Accidental Death and Dismemberment Insurance. In addition, you may enroll for Group Universal Life Insurance and Voluntary Accidental Death and Dismemberment Insurance. See page 4.

Basic Life Coverage
This company-provided benefit is paid to your beneficiary in the event of your death. At your election, coverage can be provided through life insurance or as an uninsured death benefit. See page 5.

Basic Accidental Death and Dismemberment (Basic AD&D) Insurance
This company-provided benefit is paid to your beneficiary if you die as the result of an accident. It also pays a benefit to you for certain accidental injuries. See page 9.

Group Universal Life (GUL) Insurance
If you want more than Basic Life Coverage, you may purchase additional amounts of insurance. The benefit from this coverage is paid to your beneficiary. See page 12.

Voluntary Accidental Death and Dismemberment (Voluntary AD&D) Insurance
If you want more than the company-provided accidental death and dismemberment coverage, you may purchase additional amounts of insurance that will be paid to your beneficiary in the event of your accidental death. It also pays an additional benefit to you in the event of certain accidental injuries. See page 17.

Choosing a Beneficiary
The Plan provides a standard list of beneficiaries. If the standard list does not meet your needs, you may name a beneficiary or beneficiaries. See page 22.

Retiree Coverage
Certain coverages continue if you are a retiree. These pages describe that coverage. See page 24.

Administrative and ERISA Information
This Plan is subject to rules of the federal government, including the Employee Retirement Income Security Act (ERISA). See page 25.

Key Terms
This is an alphabetized list of words and phrases, with their definitions, used in this SPD. See page 30.

Index
You can use this to locate specific topics described in this SPD. See page 34.