<DOCUMENT>
<TYPE>EX-8
<SEQUENCE>5
<FILENAME>exhibit_8.txt
<DESCRIPTION>FORM OF ILLUSTRATION
<TEXT>
Exhibit 8 - Form of Illustration
USAA(R)[LOGO] USAA
LIFE
INSURANCE
COMPANY
Form of Variable Universal PROVIDED VIA DIRECT MAIL BY:
Life Insurance Employee Number - XXX
Illustration 9800 Fredericksburg Rd., San Antonio, TX 78288
800-292-8444 / Local: 210/456-9050
PREPARED ON: 05/18/02
Initial Death Benefit:
$100,000.00 REQUESTED BY: INSURED:
John Doe John Doe
Option: B USAA #XXXX USAA #XXXX
================================================================================
The purpose of this illustration is to show how the performance of the
underlying investment accounts could affect the policy values and death
benefit. The illustration is hypothetical and is not intended to be used to
project or predict investment results.
--------------------------------------------------------------------------------
Variable Universal Life Insurance
--------------------------------------------------------------------------------
Variable Universal Life insurance is a life insurance plan designed to provide
lifetime protection along with the opportunity to invest your premium dollars
in tax-deferred investment choices. With this product, you can make transfers
among accounts with no immediate tax liability. This policy gives you control
of the investment/cash value portion of your policy. At the same time, you
assume the associated investment risk.
Product Features: Important features include flexible benefits, flexible
premiums, permanent death benefit, cash value accumulation, and investment
options. You can borrow or withdraw cash value from your Variable Universal
Life insurance policy without surrendering your policy. Both loans and
withdrawals can adversely affect future cash value accumulations, premium
payments, and death benefits.
Optional Benefit Riders: Depending on your needs, you may purchase optional
riders: Waiver of Monthly Deduction, Child Rider, and Accidental Death Benefit.
Riders provide additional benefits and might contain conditions and exclusions
that are different from those in your policy. You also receive riders that are
included at no additional cost: Extended Maturity Rider and Accelerated Benefit
for Terminal Illness Rider. Availability of optional benefit riders are
subject to state approval.
More complete information about USAA Life's Variable Universal Life, including
charges and expenses, can be found in the prospectus which preceded or
accompanied this information. Another copy can be obtained from USAA Life at
the above address. Please read the prospectus carefully before sending money.
USAA Life's Variable Universal Life is distributed by USAA Investment
Management Company, a registered broker dealer and NASD member.
--------------------------------------------------------------------------------
Important Terms in this Illustration
--------------------------------------------------------------------------------
Guaranteed Expenses: Your policy's values based on the maximum cost of
insurance and expenses and the assumed hypothetical return on your cash value.
The maximum cost of insurance and expenses are guaranteed; however, the
hypothetical values are not guaranteed as they assume a rate of return that may
or may not be achieved.
Non-Guaranteed Expenses: Your policy's values based on the current cost of
insurance and expenses and the assumed hypothetical return on your cash value.
The current cost of insurance and expenses are not guaranteed, as the cost of
insurance and expenses could increase and the hypothetical return might not be
achieved.
Hypothetical Gross Rate of Return: The assumed annual rate of return shown to
illustrate how your policy would perform if it achieved the assumed
hypothetical rate. This rate is before any expenses. This policy does not
guarantee any rate of return. You assume all investment risk for this policy.
Net Rate of Return: The Hypothetical Gross Rate of Return illustrated less
0.50000% which represents an average of the management fee and other expenses
for each of the 18 Funds corresponding to the 18 variable fund accounts under
the policy and 0.75000% which represents the mortality and expense charge under
the policy. If there were no expense reimbursement, the reduction to the
Hypothetical Gross Rate of return for management fee and other expenses would
be 0.54000% instead of .50000%. (See prospectus for details.)
Total Annual Premium: The annualized amount of money you contribute plus any
lump-sum premium payments.
Cash Value: The total value of your variable fund accounts, including the
effects of any outstanding loan.
Cash Surrender Value: The maximum amount you would receive if you surrendered
your policy. This is also the amount you may borrow against or withdraw from
your policy. It reflects the deduction of the Surrender Charge and any
outstanding loans.
Cumulative Premium: The total of premium paid into the policy through the
number of policy year ends shown.
Guaranteed Death Benefit: The guarantee that the policy will not lapse during
the first five years and that the death benefit will be paid if a sufficient
amount of target premium has been paid. (See prospectus for details.)
Surrender Charge: The charge based on the Annual Target Premium. The Surrender
Charge declines each policy year
Page 1 of 7
<PAGE>
until it is eliminated after policy year 10.
--------------------------------------------------------------------------------
Payments and Expenses
--------------------------------------------------------------------------------
Payments include the dollar amounts you pay into your policy. Expenses are the
fees you pay to administer and maintain your policy. (See the prospectus for
details.)
Annual Target Premium: An annual amount of premium payment that we establish
when the policy is issued and that is shown on the Policy Information Page. It
is used to determine whether a Premium Charge will be deducted from premium
payments, whether a surrender charge is imposed on a full surrender and whether
the Guaranteed Death Benefit applies.
Tax Guideline Payments: The maximum amounts you may pay into your policy to
comply with Internal Revenue Service limitations. These payments include
Guideline Single, Guideline Annual, and Modified Endowment Contract ("MEC")
Guideline payments.
Expenses: The fees charged against your policy, including:
Premium Charge: A premium charge of 3% is deducted from all premium payments
until the total amount of premium paid exceeds the Annual Target Premium amount
multiplied by ten. For example: if your Annual Target Premium was $1,000, you
are charged a 3% premium charge until you have paid $10,000 in total premiums.
You would not be charged any premium charge for subsequent payments, assuming
you made no changes in coverage.
Maintenance Charge: A $5 monthly charge deducted from the policy's cash value
to cover recurring administrative expenses related to maintaining the policy.
This charge applies for the life of the policy.
Administrative Charge: A $10 charge deducted each month in the first year of
the contract to cover start-up expenses incurred in issuing this policy. This
charge stops after the first 12 months of the policy.
Cost of Insurance: The monthly charges for life insurance protection including
any Extra Risk Charges for rated policies and any additional cost for optional
benefit riders. Two cost of insurance rates are used in this illustration:
guaranteed cost and projected cost. Whenever Guaranteed Expenses are shown,
the guaranteed cost of insurance is assumed to determine policy values.
Whenever Non-Guaranteed Expenses are shown, the current cost of insurance is
assumed to determine policy values. The guaranteed cost of insurance is the
guaranteed maximum expense that can be deducted from the policy to cover
insurance protection. The current cost of insurance is the cost currently
deducted to cover insurance protection. The current cost of insurance could
increase or decrease based on the company's experience, but it will never be
more than the guaranteed cost of insurance.
--------------------------------------------------------------------------------
Rate Classes
--------------------------------------------------------------------------------
This illustration is based on assumed rate classes. Rate classes are groupings
of insured individuals who present a substantially similar insurance risk
grouped as such for the purpose of setting premium rates.
Your actual rate will be determined after we have reviewed your application and
any medical examination results. There are five rate classes offered in this
product. Standard, Standard Plus, Preferred, Preferred Plus, and Preferred
Ultra.
--------------------------------------------------------------------------------
Accessing Your Cash Value
--------------------------------------------------------------------------------
You can borrow or withdraw the cash surrender value from your Variable
Universal Life insurance policy without surrendering your policy. Both loans
and withdrawals will affect future cash value accumulations, premium payments,
and death benefits. (See the prospectus for details.)
Policy Loans: You may borrow part of your policy's cash value at a 6% interest
rate, paid in advance. Any loan remaining when the insured dies will be
deducted from the death benefit before the beneficiary is paid. The amount of
cash value you borrow will accumulate interest at the guaranteed rate of 4% and
will not participate in the performance of your selected variable fund
accounts. Your policy also offers Preferred Loans; see the prospectus for
details.
Policy Withdrawals: You have the option to withdraw from the cash value.
Withdrawals will reduce your cash value and reduce your death benefit. A
partial surrender charge equal to the amount of $25 or 2% of the amount
withdrawn is assessed for each withdrawal. Any gain included in a withdrawal
is taxable. If the total of all withdrawals is more than the total premiums
paid to date, USAA Life must report the amount that exceeds your premiums paid
as gross income to the IRS, making the amount subject to federal (and possibly
state and local) tax. Withdrawals or reductions in coverage made in the first
15 years of policy issue are subject to special tax rules. (See the prospectus
for more information and consult your tax advisor.)
Policy Loans and/or withdrawals may adversely affect your policy and subject it
to premature termination. This is especially true if insufficient premium has
been paid.
--------------------------------------------------------------------------------
Important Notices
--------------------------------------------------------------------------------
Underwriting Criteria: USAA Life, at its discretion, may require a medical
examination and answers to medical, avocational, financial, and other questions
to evaluate insurability and rate classification.
Income Tax: Tax consequences may result from the limits and conditions of the
Internal Revenue Code and IRS regulations. USAA Life does not offer tax
advice. Please consult your tax advisor.
Suicide Clause: If death is caused by suicide within the first two years of the
contract, the total death benefit is equal to the premium paid less any
indebtedness or any prior partial surrenders. This clause also applies to
optional death benefit riders.
Contracts Advertised: This illustration and other enclosed forms are valid only
for the state of [Name], where the assumed policyowner resides. Form numbers:
[VUL 31747 ST 2-98, VUL 31837 ST 2-98, VUL 31838 ST 2-98, VUL 31839 ST 2-98,
VUL 31851 ST 2-98, VUL 31852 ST 2-98.] (may vary by state).
Page 2 of 7
<PAGE>
Form of Variable Universal Life Insurance Illustration
<TABLE>
<S> <C> <C>
INSURED: POLICY INFORMATION: BENEFIT RIDERS SELECTED:
John Doe Option: B NONE
USAA # Initial Death Benefit: $100,000.00
Male: Age 42 Annual Premium Outlay: $1,000.00
Quote Effective Date: 05/18/02
Prepared On: 05/18/02
</TABLE>
-------------------------------------------------------------------------------
This notice applies to all hypothetical values for each Hypothetical Gross Rate
of Return shown in this illustration. The policy year-end values shown assume
that planned premium payments are made on the first day of each payment period.
The values for the columns are hypothetical and are not guaranteed. The
performance of your selected variable fund accounts may produce actual values
other than those shown in this illustration. Actual results may be more or less
favorable than those shown. Refer to the introductory information on this
illustration for an explanation of terms used throughout. The hypothetical
values illustrated are based on the Net Rate of Return and reflect the deduction
of the Cost of Insurance, Administrative, Maintenance and Premium Charges. See
the prospectus for further details.
<TABLE>
------------------------------------------------------------------------------------------------------------------------------------
GUARANTEED EXPENSES NON-GUARANTEED EXPENSES
8.00000% Hypothetical Gross Rate of Return 8.00000% Hypothetical Gross Rate of Return
(6.75000% Net Rate of Return) (6.75000% Net Rate of Return)
------------------------------------------------------------------------------------------------------------------------------------
Total Cash Cash
Policy Annual Cash Surrender Death Cash Surrender Death
Year Age Premium $ Value $ Value $ Benefit $ Value $ Value $ Benefit $
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1 43 1,000.00 565.29 0.00 100,565 720.08 0.00 100,720
2 44 1,000.00 1,272.06 58.41 101,272 1,585.17 371.52 101,585
3 45 1,000.00 2,002.62 923.82 102,003 2,485.15 1,406.35 102,485
4 46 1,000.00 2,755.54 1,811.59 102,756 3,425.67 2,481.72 103,426
5 47 1,000.00 3,530.69 2,721.59 103,531 4,410.67 3,601.57 104,411
6 48 1,000.00 4,327.69 3,653.44 104,328 5,447.59 4,773.34 105,448
7 49 1,000.00 5,142.71 4,603.31 105,143 6,503.05 5,963.65 106,503
8 50 1,000.00 5,976.32 5,571.77 105,976 7,581.53 7,176.98 107,582
9 51 1,000.00 6,824.03 6,554.33 106,824 8,689.65 8,419.95 108,690
10 52 1,000.00 7,681.45 7,546.60 107,681 9,834.26 9,699.41 109,834
11 53 1,000.00 8,539.22 8,539.22 108,539 11,021.18 11,021.18 111,021
12 54 1,000.00 9,391.47 9,391.47 109,391 12,260.78 12,260.78 112,261
13 55 1,000.00 10,229.39 10,229.39 110,229 13,554.94 13,554.94 113,555
14 56 1,000.00 11,045.92 11,045.92 111,046 14,906.31 14,906.31 114,906
15 57 1,000.00 11,828.28 11,828.28 111,828 16,300.98 16,300.98 116,301
16 58 1,000.00 12,573.10 12,573.10 112,573 17,658.74 17,658.74 117,659
17 59 1,000.00 13,265.49 13,265.49 113,265 19,073.70 19,073.70 119,074
18 60 1,000.00 13,890.93 13,890.93 113,891 20,504.30 20,504.30 120,504
19 61 1,000.00 14,427.78 14,427.78 114,428 21,941.99 21,941.99 121,942
20 62 1,000.00 14,860.19 14,860.19 114,860 23,362.13 23,362.13 123,362
25 67 1,000.00 14,354.57 14,354.57 114,355 29,361.83 29,361.83 129,362
30 72 1,000.00 6,060.58 6,060.58 106,061 31,897.10 31,897.10 131,897
31 73 1,000.00 2,817.05 2,817.05 102,817 31,549.97 31,549.97 131,550
35 77 1,000.00 0.00 0.00 0 25,275.04 25,275.04 125,275
40 82 1,000.00 0.00 0.00 0 1,738.36 1,738.36 101,738
This illustration continues to policy year 32 This illustration continues to policy year 41
------------------------------------------------------------------------------------------------------------------------------------
TAX GUIDELINE PAYMENTS EXPENSES (included in all figures) RATE CLASS:
Guideline Single: $ 19,540.21 First-Year Admin.: $10/month Preferred
Guideline Annual: $ 5,334.12 Maintenance: $5/month each year
MEC Guideline: $ 4,804.44 Premium Charge: 3% of all premiums up to 10 annual target premiums
Commissions: NONE
ANNUAL TARGET PREMIUM $ 2,697.00
</TABLE>
Page 3 of 7
<PAGE>
Form of Variable Universal Life Insurance Illustration
<TABLE>
<S> <C> <C>
INSURED: POLICY INFORMATION: BENEFIT RIDERS SELECTED:
John Doe Option: B NONE
USAA # Initial Death Benefit: $100,000.00
Male, Age 42 Annual Premium Outlay: $1,000.00
Quote Effective Date: 05/18/02
Prepared On: 05/18/02
</TABLE>
================================================================================
<TABLE>
------------------------------------------------------------------------------------------------------------------------------------
GUARANTEED EXPENSES NON-GUARANTEED EXPENSES
12.00000% Hypothetical Gross Rate of Return 12.00000% Hypothetical Gross Rate of Return
(10.75000% Net Rate of Return) (10.7500% Net Rate of Return)
------------------------------------------------------------------------------------------------------------------------------------
Total Cash Cash
Policy Annual Cash Surrender Death Cash Surrender Death
Year Age Premium $ Value $ Value $ Benefit $ Value $ Value $ Benefit $
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1 43 1,000.00 594.55 0.00 100,595 752.47 0.00 100,752
2 44 1,000.00 1,358.52 144.87 101,359 1,684.32 470.67 101,684
3 45 1,000.00 2,179.99 1,101.19 102,180 2,692.06 1,613.26 102,692
4 46 1,000.00 3,062.40 2,118.45 103,062 3,787.69 2,843.74 103,788
5 47 1,000.00 4,010.63 3,201.53 104,011 4,981.70 4,172.60 104,982
6 48 1,000.00 5,029.97 4,355.72 105,030 6,289.70 5,615.45 106,290
7 49 1,000.00 6,121.61 5,582.21 106,122 7,684.69 7,145.29 107,685
8 50 1,000.00 7,293.79 6,889.24 107,294 9,181.19 8,776.64 109,181
9 51 1,000.00 8,548.96 8,279.26 108,549 10,794.41 10,524.71 110,794
10 52 1,000.00 9,891.60 9,756.75 109,892 12,543.06 12,408.21 112,543
11 53 1,000.00 11,317.95 11,317.95 111, 318 14,441.80 14,441.80 114,442
12 54 1,000.00 12,833.99 12,833.99 112,834 16,517.93 16,517.93 116,518
13 55 1,000.00 14,439.68 14,439.68 114,440 18,787.54 18,787.54 118,788
14 56 1,000.00 16,140.03 16,140.03 116,140 21,272.40 21,272.40 121,272
15 57 1,000.00 17,928.66 17,928.66 117,929 23,971.12 23,971.12 123,971
16 58 1,000.00 19,819.34 19,819.34 119,819 26,828.73 26,828.73 126,829
17 59 1,000.00 21,808.50 21,808.50 121,809 29,958.39 29,958.39 129,958
18 60 1,000.00 23,898.28 23,898.28 123,898 33,346.61 33,346.61 133,347
19 61 1,000.00 26,073.76 26,073.76 126,074 37,000.33 37,000.33 137,000
20 62 1,000.00 28,342.64 28,342.64 128,343 40,934.08 40,934.08 140,934
25 67 1,000.00 40,540.47 40,540.47 140,540 65.063.91 65.063.91 165,064
30 72 1,000.00 52,554.04 52,554.04 152,554 98,947.72 98,947.72 198,948
35 77 1,000.00 58,008.51 58,008.51 158,009 144,307.77 144,307.77 244,308
40 82 1,000.00 44,894.40 44,894.40 144,894 204,243.07 204,243.07 304,243
44 86 1,000.00 5,172.62 5,172.62 105,173 263,394.22 263,394.22 363,394
45 87 1,000.00 0.00 0.00 0 278,078.09 278,078.09 378,078
50 92 1,000.00 0.00 0.00 0 342,445.75 342,445.75 442,446
55 97 1,000.00 0.00 0.00 0 398,384.80 398,384.80 498,385
58 100 1,000.00 0.00 0.00 0 430,076.58 430,076.58 530,077
This illustration continues to policy year 45 This illustration continues to policy year 59.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 4 of 7
<PAGE>
Form of Variable Universal Life Insurance Illustration
<TABLE>
<S> <C> <C>
INSURED: POLICY INFORMATION: BENEFIT RIDERS SELECTED:
John Doe Option: B NONE
USAA # Initial Death Benefit: $100,000.00
Male, Age 42 Annual Premium Outlay: $1,000.00
Quote Effective Date: 05/18/02
Prepared On: 05/18/02
</TABLE>
================================================================================
<TABLE>
------------------------------------------------------------------------------------------------------------------------------------
GUARANTEED EXPENSES NON-GUARANTEED EXPENSES
0.00000% Hypothetical Gross Rate of Return 0.00000% Hypothetical Gross Rate of Return
(-1.25000% Net Rate of Return) (-1.25000% Net Rate of Return)
------------------------------------------------------------------------------------------------------------------------------------
Total Cash Cash
Policy Annual Cash Surrender Death Cash Surrender Death
Year Age Premium $ Value $ Value $ Benefit $ Value $ Value $ Benefit $
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1 43 1,000.00 507.11 0.00 100,507 655.50 0.00 100,656
2 44 1,000.00 1,106.78 0.00 101,107 1,395.02 181.37 101,395
3 45 1,000.00 1,676.49 597.69 101,676 2,103.32 1,024.52 102,103
4 46 1,000.00 2,212.93 1,268.98 102,213 2,783.06 1,839.11 102,783
5 47 1,000.00 2,715.25 1,906.15 102,715 3,436.06 2,626.96 103,436
6 48 1,000.00 3,181.56 2,507.31 103,182 4,066.28 3,392.03 104,066
7 49 1,000.00 3,608.92 3,069.52 103,609 4,640.77 4,101.37 104,641
8 50 1,000.00 3,995.22 3,590.57 103,995 5,160.99 4,756.44 105,161
9 51 1,000.00 4,336.40 4,066.70 104,336 5,622.23 5,363.53 105,633
10 52 1,000.00 4,626.86 4,492.01 104,627 6,061.80 5,926.95 106,062
11 53 1,000.00 4,860.49 4,860.49 104,860 6,454.07 6,454.07 106,454
12 54 1,000.00 5,029.24 5,029.24 105,029 6,813.74 6,813.74 106,814
13 55 1,000.00 5,127.00 5,127.00 105,127 7,140.91 7,140.91 107,141
14 56 1,000.00 5,147.49 5,147.49 105,147 7,433.32 7,433.32 107,433
15 57 1,000.00 5,084.77 5,084.77 105,085 7,679.76 7,679.76 107,680
16 58 1,000.00 4,934.84 4,934.84 104,935 7,795.50 7,795.50 107,796
17 59 1,000.00 4,688.14 4,688.14 104,688 7,876.79 7,876.79 107,877
18 60 1,000.00 4,333.98 4,333.98 104,334 7,878.09 7,878.09 107,878
19 61 1,000.00 3,862.10 3,862.10 103,862 7,798.45 7,798.45 107,798
20 62 1,000.00 3,259.38 3,259.38 103,259 7,607.23 7,607.23 107,607
23 65 1,000.00 472.80 472.80 100,473 6,159.13 6,159.13 106,159
25 67 1,000.00 0.00 0.00 0 4,365.39 4,365.39 104,365
28 70 1,000.00 0.00 0.00 0 378.61 378.61 100,379
This illustration continues to policy year 24 This illustration continues to policy year 29
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 5 of 7
<PAGE>
Form of Variable Universal Life Insurance Illustration
<TABLE>
<S> <C> <C>
INSURED: POLICY INFORMATION: BENEFIT RIDERS SELECTED:
John Doe Option: B None
USAA # Initial Death Benefit: $100,000.00
Male, Age 42 Annual Premium Payment: $1,000.00
Quote Effective Date: 05/18/02
Prepared On: 05/18/02
</TABLE>
================================================================================
Summary Page
This summary gives the cumulative premium projected through the ages requested
and compares three hypothetical gross rates of return for guaranteed (maximum)
and non-guaranteed (current) expenses. The values shown with a 0.00000%
hypothetical gross rate of return are based on guaranteed expenses. The values
for a 8.00000% and 12.00000% hypothetical gross rate of return are based on
current expenses only.
<TABLE>
--------------------------------------------------------------------------------------------
GUARANTEED EXPENSES
0.00000% Hypothetical Gross Rate of Return
(-1.25000% Net Rate of Return )
--------------------------------------------------------------------------------------------
Cash
Cumulative Cash Surrender Death
Year Age Premium $ Value $ Value $ Benefit $
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
5 47 5,000.00 2,715.25 1,906.15 102,715.25
10 52 10,000.00 4,626.86 4,492.01 104,626.86
20 62 20,000.00 3,259.38 3,259.38 103,259.38
28 70 0.00 0.00 0.00 0.00
--------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------
NON-GUARANTEED EXPENSES
8.00000% Hypothetical Gross Rate of Return
(6.75000% Net Rate of Return)
--------------------------------------------------------------------------------------------
Cash
Cumulative Cash Surrender Death
Year Age Premium $ Value $ Value $ Benefit $
--------------------------------------------------------------------------------------------
5 47 5,000.00 4,410.67 3,601.57 104,410.67
10 52 10,000.00 9,699.41 9,699.41 109,834.26
20 62 20,000.00 23,362.13 23,362.13 123,362.13
28 70 28,000.00 31,559.93 31,559.93 131,559.93
--------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------
NON-GUARANTEED EXPENSES
12.00000% Hypothetical Gross Rate of Return
(10.75000% Net Rate of Return)
--------------------------------------------------------------------------------------------
Cash
Cumulative Cash Surrender Death
Year Age Premium $ Value $ Value $ Benefit $
--------------------------------------------------------------------------------------------
5 47 5,000.00 4,981.70 4,172.60 104,981.70
10 52 10,000.00 12,543.06 12,408.21 112,543.06
20 62 20,000.00 40,934.08 40,934.08 140,934.08
28 70 28,000.00 84,062.20 84,062.20 184,062.20
--------------------------------------------------------------------------------------------
</TABLE>
Page 6 of 7
<PAGE>
USAA Life Insurance Company certifies that this illustration has been presented
to the applicant and that the applicant has been informed that any
non-guaranteed elements illustrated are subject to change. No statements that
are inconsistent with the illustration have been made by the authorized
representative of USAA Life Insurance Company.
This illustration is based on the options you requested. Because the policy you
purchase may differ from that which has been illustrated, you will be provided
with an illustration that conforms to your policy at the time it is issued. You
will be asked to sign and return the conforming illustration to acknowledge
that, when applying for insurance, you were told and understood that any
non-guaranteed elements illustrated are subject to change and actual results may
be more or less favorable.
_______________________________________ ___________
Ted E. Johnson, Jr., FLMI, ASC, HIA Date
Vice President, Life/AnnuityMember Acquisition
Page 7 of 7
</TEXT>
</DOCUMENT>