Assurant Inc. 5.25% Subordinated Notes DUE 2061

So long as no event of default with respect to the Notes has occurred and is continuing, we have the right, on one or more occasions, to defer the payment of interest on the Notes for one or more consecutive interest periods for up to five years as described in “Description of the Notes—Option to Defer Interest Payments” in this prospectus supplement. We may not defer interest beyond the maturity date, any earlier accelerated maturity date arising from an event of default or any other earlier redemption of the Notes. During a deferral period, interest will continue to accrue on the Notes at the then-applicable rate of the Notes described above and deferred interest on the Notes will bear additional interest at the then-applicable interest rate of the Notes, compounded on each interest payment date, subject to applicable law. If we have paid all deferred interest (including compounded interest thereon) on the Notes, we can again defer interest payments on the Notes as described above.