EX-99.A(5)(I) 2 c61819ex99-a5i.txt ILLUSTRATIONS OF DEATH BENEFITS, CASH VALUES 1 Exhibit A(5)(I) FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY SEX-NEUTRAL ISSUE AGE 45 -- GUARANTEED ISSUE NON-TOBACCO $500,000 SPECIFIED AMOUNT DEATH BENEFIT OPTION A $10,000 ANNUAL PREMIUM GUIDELINE PREMIUM / CASH VALUE CORRIDOR TEST CURRENT CHARGES
DEATH BENEFIT CASH VALUE --------------------------- --------------------------- ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS PREMIUM ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF ACCUMULATED END OF AT 5% INTEREST 0% 6% 12% 0% 6% 12% POLICY YEAR PER YEAR --------- ---------- --------- ---------- --------- ---------- ----------- -------- 1 10,500 500,000 500,000 500,000 8,650 9,107 9,565 2 21,525 500,000 500,000 500,000 16,536 17,949 19,417 3 33,101 500,000 500,000 500,000 23,812 26,697 29,812 4 45,256 500,000 500,000 500,000 30,428 35,317 40,805 5 58,019 500,000 500,000 500,000 37,850 45,288 53,974 6 71,420 500,000 500,000 500,000 45,075 55,625 68,446 7 85,491 500,000 500,000 500,000 52,485 66,750 84,791 8 100,266 500,000 500,000 500,000 59,705 78,307 102,797 9 115,779 500,000 500,000 500,000 66,689 90,271 122,605 10 132,068 500,000 500,000 500,000 73,496 102,722 144,471 15 226,575 500,000 500,000 500,000 106,079 175,967 299,370 20 (age 65) 347,193 500,000 500,000 686,313 132,415 267,160 562,551 25 501,135 500,000 500,000 1,162,093 150,098 383,527 1,001,804 30 697,608 500,000 574,705 1,855,317 152,295 537,107 1,733,941 35 948,363 500,000 770,513 3,108,671 124,530 733,822 2,960,639 40 1,268,398 500,000 1,025,331 5,225,510 29,011 976,505 4,976,676 45 1,676,852 0 1,330,468 8,637,029 0 1,267,113 8,225,741
ASSUMES NO POLICY LOAN OR WITHDRAWAL HAS BEEN MADE. IT IS EMPHASIZED THAT THE HYPOTHETICAL INVESTMENT RESULTS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE INVESTMENT RESULTS. ACTUAL INVESTMENT RESULTS MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND UPON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY AN OWNER TO THE DIVISIONS OF THE VARIABLE ACCOUNT AND THE DIFFERENT RATES OF RETURN OF THE VARIABLE ACCOUNT. THE DEATH BENEFIT AND CASH VALUE FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RATES OF RETURN AVERAGED 0%, 6% AND 12% OVER A PERIOD OF YEARS, BUT FLUCTUATED ABOVE OR BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. THEY WOULD ALSO BE DIFFERENT IF PREMIUMS WERE PAID IN DIFFERENT AMOUNTS OR FREQUENCIES THAN SHOWN. NO REPRESENTATIONS CAN BE MADE THAT THESE HYPOTHETICAL RATES OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER A PERIOD OF TIME. THE CASH VALUES SHOWN IN THIS ILLUSTRATION FOR POLICY YEARS 1, 2, AND 3 ARE NOT CORRECT FOR POLICIES SOLD IN NEW JERSEY. SEE "CASH VALUE", p. 8, OF THE PROSPECTUS. A CORRECTED ILLUSTRATION IS AVAILABLE UPON REQUEST. 1 2 FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY SEX-NEUTRAL ISSUE AGE 45 -- GUARANTEED ISSUE NON-TOBACCO $500,000 SPECIFIED AMOUNT DEATH BENEFIT OPTION A $10,000 ANNUAL PREMIUM GUIDELINE PREMIUM / CASH VALUE CORRIDOR TEST GUARANTEED CHARGES
DEATH BENEFIT CASH VALUE --------------------------- --------------------------- ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS PREMIUM ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF ACCUMULATED END OF AT 5% INTEREST 0% 6% 12% 0% 6% 12% POLICY YEAR PER YEAR --------- --------- --------- -------- --------- -------- ----------- -------- 1 10,500 500,000 500,000 500,000 7,235 7,646 8,059 2 21,525 500,000 500,000 500,000 13,556 14,787 16,070 3 33,101 500,000 500,000 500,000 19,182 21,648 24,320 4 45,256 500,000 500,000 500,000 24,123 28,247 32,896 5 58,019 500,000 500,000 500,000 29,734 35,945 43,234 6 71,420 500,000 500,000 500,000 35,070 43,805 54,483 7 85,491 500,000 500,000 500,000 40,461 52,188 67,121 8 100,266 500,000 500,000 500,000 45,536 60,731 80,897 9 115,779 500,000 500,000 500,000 50,305 69,452 95,954 10 132,068 500,000 500,000 500,000 54,669 78,269 112,358 15 226,575 500,000 500,000 500,000 70,430 124,252 221,623 20 (age 65) 347,193 500,000 500,000 500,000 73,324 172,853 403,530 25 501,135 500,000 500,000 818,835 54,587 221,356 705,893 30 697,608 0 500,000 1,274,359 0 267,336 1,190,990 35 948,363 0 500,000 2,077,499 0 303,894 1,978,571 40 1,268,398 0 500,000 3,378,145 0 322,617 3,217,281 45 1,676,852 0 500,000 5,377,664 0 282,033 5,121,585
ASSUMES NO POLICY LOAN OR WITHDRAWAL HAS BEEN MADE. IT IS EMPHASIZED THAT THE HYPOTHETICAL INVESTMENT RESULTS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE INVESTMENT RESULTS. ACTUAL INVESTMENT RESULTS MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND UPON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY AN OWNER TO THE DIVISIONS OF THE VARIABLE ACCOUNT AND THE DIFFERENT RATES OF RETURN OF THE VARIABLE ACCOUNT. THE DEATH BENEFIT AND CASH VALUE FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RATES OF RETURN AVERAGED 0%, 6% AND 12% OVER A PERIOD OF YEARS, BUT FLUCTUATED ABOVE OR BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. THEY WOULD ALSO BE DIFFERENT IF PREMIUMS WERE PAID IN DIFFERENT AMOUNTS OR FREQUENCIES THAN SHOWN. NO REPRESENTATIONS CAN BE MADE THAT THESE HYPOTHETICAL RATES OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER A PERIOD OF TIME. THE CASH VALUES SHOWN IN THIS ILLUSTRATION FOR POLICY YEARS 1, 2, AND 3 ARE NOT CORRECT FOR POLICIES SOLD IN NEW JERSEY. SEE "CASH VALUE", p. 8, OF THE PROSPECTUS. A CORRECTED ILLUSTRATION IS AVAILABLE UPON REQUEST. 2 3 FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY SEX-NEUTRAL ISSUE AGE 45 -- GUARANTEED ISSUE NON-TOBACCO $500,000 SPECIFIED AMOUNT DEATH BENEFIT OPTION A $10,000 ANNUAL PREMIUM CASH VALUE ACCUMULATION TEST CURRENT CHARGES
DEATH BENEFIT CASH VALUE --------------------------- --------------------------- ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS PREMIUM ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF ACCUMULATED END OF AT 5% INTEREST 0% 6% 12% 0% 6% 12% POLICY YEAR PER YEAR --------- --------- ---------- --------- -------- --------- ----------- -------- 1 10,500 500,000 500,000 500,000 8,650 9,107 9,565 2 21,525 500,000 500,000 500,000 16,536 17,949 19,417 3 33,101 500,000 500,000 500,000 23,812 26,697 29,812 4 45,256 500,000 500,000 500,000 30,428 35,317 40,805 5 58,019 500,000 500,000 500,000 37,850 45,288 53,974 6 71,420 500,000 500,000 500,000 45,075 55,625 68,446 7 85,491 500,000 500,000 500,000 52,485 66,750 84,791 8 100,266 500,000 500,000 500,000 59,705 78,307 102,797 9 115,779 500,000 500,000 500,000 66,689 90,271 122,605 10 132,068 500,000 500,000 500,000 73,496 102,722 144,471 15 226,575 500,000 500,000 596,989 106,079 175,967 298,924 20 (age 65) 347,193 500,000 500,000 970,030 132,415 267,160 551,055 25 501,135 500,000 598,451 1,502,610 150,098 380,699 955,870 30 697,608 500,000 731,964 2,266,834 152,295 514,753 1,594,151 35 948,363 500,000 874,576 3,376,804 124,530 667,887 2,578,764 40 1,268,398 500,000 1,023,301 4,967,770 29,011 836,600 4,061,401 45 1,676,852 0 1,176,221 7,227,052 0 1,013,903 6,229,718
ASSUMES NO POLICY LOAN OR WITHDRAWAL HAS BEEN MADE. IT IS EMPHASIZED THAT THE HYPOTHETICAL INVESTMENT RESULTS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE INVESTMENT RESULTS. ACTUAL INVESTMENT RESULTS MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND UPON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY AN OWNER TO THE DIVISIONS OF THE VARIABLE ACCOUNT AND THE DIFFERENT RATES OF RETURN OF THE VARIABLE ACCOUNT. THE DEATH BENEFIT AND CASH VALUE FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RATES OF RETURN AVERAGED 0%, 6% AND 12% OVER A PERIOD OF YEARS, BUT FLUCTUATED ABOVE OR BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. THEY WOULD ALSO BE DIFFERENT IF PREMIUMS WERE PAID IN DIFFERENT AMOUNTS OR FREQUENCIES THAN SHOWN. NO REPRESENTATIONS CAN BE MADE THAT THESE HYPOTHETICAL RATES OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER A PERIOD OF TIME. THE CASH VALUES SHOWN IN THIS ILLUSTRATION FOR POLICY YEARS 1, 2, AND 3 ARE NOT CORRECT FOR POLICIES SOLD IN NEW JERSEY. SEE "CASH VALUE", p. 8, OF THE PROSPECTUS. A CORRECTED ILLUSTRATION IS AVAILABLE UPON REQUEST. 3 4 FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY SEX-NEUTRAL ISSUE AGE 45 -- GUARANTEED ISSUE NON-TOBACCO $500,000 SPECIFIED AMOUNT DEATH BENEFIT OPTION A $10,000 ANNUAL PREMIUM CASH VALUE ACCUMULATION TEST GUARANTEED CHARGES
DEATH BENEFIT CASH VALUE --------------------------- --------------------------- ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS PREMIUM ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF ACCUMULATED END OF AT 5% INTEREST 0% 6% 12% 0% 6% 12% POLICY YEAR PER YEAR ---------- --------- --------- --------- ---------- ---------- ----------- -------- 1 10,500 500,000 500,000 500,000 7,235 7,646 8,059 2 21,525 500,000 500,000 500,000 13,556 14,787 16,070 3 33,101 500,000 500,000 500,000 19,182 21,648 24,320 4 45,256 500,000 500,000 500,000 24,123 28,247 32,896 5 58,019 500,000 500,000 500,000 29,734 35,945 43,234 6 71,420 500,000 500,000 500,000 35,070 43,805 54,483 7 85,491 500,000 500,000 500,000 40,461 52,188 67,121 8 100,266 500,000 500,000 500,000 45,536 60,731 80,897 9 115,779 500,000 500,000 500,000 50,305 69,452 95,954 10 132,068 500,000 500,000 500,000 54,669 78,269 112,358 15 226,575 500,000 500,000 500,000 70,430 124,252 221,623 20 (age 65) 347,193 500,000 500,000 696,306 73,324 172,853 395,557 25 501,135 500,000 500,000 1,024,623 54,587 221,356 651,804 30 697,608 0 500,000 1,452,646 0 267,336 1,021,573 35 948,363 0 500,000 2,016,044 0 303,894 1,539,592 40 1,268,398 0 500,000 2,761,970 0 322,617 2,258,049 45 1,676,852 0 500,000 3,755,006 0 282,033 3,236,815
ASSUMES NO POLICY LOAN OR WITHDRAWAL HAS BEEN MADE. IT IS EMPHASIZED THAT THE HYPOTHETICAL INVESTMENT RESULTS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE INVESTMENT RESULTS. ACTUAL INVESTMENT RESULTS MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND UPON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY AN OWNER TO THE DIVISIONS OF THE VARIABLE ACCOUNT AND THE DIFFERENT RATES OF RETURN OF THE VARIABLE ACCOUNT. THE DEATH BENEFIT AND CASH VALUE FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RATES OF RETURN AVERAGED 0%, 6% AND 12% OVER A PERIOD OF YEARS, BUT FLUCTUATED ABOVE OR BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. THEY WOULD ALSO BE DIFFERENT IF PREMIUMS WERE PAID IN DIFFERENT AMOUNTS OR FREQUENCIES THAN SHOWN. NO REPRESENTATIONS CAN BE MADE THAT THESE HYPOTHETICAL RATES OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER A PERIOD OF TIME. THE CASH VALUES SHOWN IN THIS ILLUSTRATION FOR POLICY YEARS 1, 2, AND 3 ARE NOT CORRECT FOR POLICIES SOLD IN NEW JERSEY. SEE "CASH VALUE", p. 8, OF THE PROSPECTUS. A CORRECTED ILLUSTRATION IS AVAILABLE UPON REQUEST. 4 5 FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY SEX-NEUTRAL ISSUE AGE 45 -- SELECT UNDERWRITING RISK $500,000 SPECIFIED AMOUNT DEATH BENEFIT OPTION A $10,000 ANNUAL PREMIUM GUIDELINE PREMIUM / CASH VALUE CORRIDOR TEST CURRENT CHARGES
DEATH BENEFIT CASH VALUE --------------------------- --------------------------- ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS PREMIUM ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF ACCUMULATED END OF AT 5% INTEREST 0% 6% 12% 0% 6% 12% POLICY YEAR PER YEAR ---------- ---------- --------- -------- ---------- ---------- ----------- -------- 1 10,500 500,000 500,000 500,000 9,001 9,470 9,938 2 21,525 500,000 500,000 500,000 16,992 18,469 20,002 3 33,101 500,000 500,000 500,000 24,514 27,557 30,839 4 45,256 500,000 500,000 500,000 32,771 37,954 43,764 5 58,019 500,000 500,000 500,000 40,813 48,727 57,953 6 71,420 500,000 500,000 500,000 48,701 59,952 73,601 7 85,491 500,000 500,000 500,000 56,332 71,549 90,764 8 100,266 500,000 500,000 500,000 63,819 83,646 109,716 9 115,779 500,000 500,000 500,000 71,165 96,269 130,655 10 132,068 500,000 500,000 500,000 78,373 109,447 153,799 15 226,575 500,000 500,000 500,000 113,567 187,550 317,999 20 (age 65) 347,193 500,000 500,000 725,983 141,840 284,262 595,068 25 501,135 500,000 500,000 1,225,043 159,737 406,829 1,056,072 30 697,608 500,000 607,203 1,952,123 162,524 567,479 1,824,414 35 948,363 500,000 810,902 3,267,379 136,320 772,288 3,111,789 40 1,268,398 500,000 1,076,141 5,488,885 44,695 1,024,896 5,227,509 45 1,676,852 0 1,393,645 9,069,014 0 1,327,281 8,637,156
ASSUMES NO POLICY LOAN OR WITHDRAWAL HAS BEEN MADE. IT IS EMPHASIZED THAT THE HYPOTHETICAL INVESTMENT RESULTS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE INVESTMENT RESULTS. ACTUAL INVESTMENT RESULTS MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND UPON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY AN OWNER TO THE DIVISIONS OF THE VARIABLE ACCOUNT AND THE DIFFERENT RATES OF RETURN OF THE VARIABLE ACCOUNT. THE DEATH BENEFIT AND CASH VALUE FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RATES OF RETURN AVERAGED 0%, 6% AND 12% OVER A PERIOD OF YEARS, BUT FLUCTUATED ABOVE OR BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. THEY WOULD ALSO BE DIFFERENT IF PREMIUMS WERE PAID IN DIFFERENT AMOUNTS OR FREQUENCIES THAN SHOWN. NO REPRESENTATIONS CAN BE MADE THAT THESE HYPOTHETICAL RATES OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER A PERIOD OF TIME. THE CASH VALUES SHOWN IN THIS ILLUSTRATION FOR POLICY YEARS 1, 2, AND 3 ARE NOT CORRECT FOR POLICIES SOLD IN NEW JERSEY. SEE "CASH VALUE", p. 8, OF THE PROSPECTUS. A CORRECTED ILLUSTRATION IS AVAILABLE UPON REQUEST. 5 6 FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY SEX-NEUTRAL ISSUE AGE 45 -- SELECT UNDERWRITING RISK $500,000 SPECIFIED AMOUNT DEATH BENEFIT OPTION A $10,000 ANNUAL PREMIUM GUIDELINE PREMIUM / CASH VALUE CORRIDOR TEST GUARANTEED CHARGES
DEATH BENEFIT CASH VALUE --------------------------- --------------------------- ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS PREMIUM ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF ACCUMULATED END OF AT 5% INTEREST 0% 6% 12% 0% 6% 12% POLICY YEAR PER YEAR --------- --------- --------- -------- ---------- --------- ----------- -------- 1 10,500 500,000 500,000 500,000 7,235 7,646 8,059 2 21,525 500,000 500,000 500,000 13,379 14,632 15,938 3 33,101 500,000 500,000 500,000 18,978 21,513 24,257 4 45,256 500,000 500,000 500,000 25,241 29,504 34,304 5 58,019 500,000 500,000 500,000 31,217 37,665 45,219 6 71,420 500,000 500,000 500,000 36,916 46,012 57,110 7 85,491 500,000 500,000 500,000 42,291 54,507 70,040 8 100,266 500,000 500,000 500,000 47,352 63,170 84,142 9 115,779 500,000 500,000 500,000 52,107 72,020 99,564 10 132,068 500,000 500,000 500,000 56,459 80,974 116,378 15 226,575 500,000 500,000 500,000 72,185 127,807 228,593 20 347,193 500,000 500,000 507,493 75,097 177,668 415,978 25 501,135 500,000 500,000 841,911 56,470 228,214 725,785 30 697,608 0 500,000 1,308,408 0 277,899 1,222,812 35 948,363 0 500,000 2,131,270 0 322,455 2,029,781 40 1,268,398 0 500,000 3,463,907 0 362,079 3,298,959 45 1,676,852 0 500,000 5,512,562 0 394,699 5,250,059
ASSUMES NO POLICY LOAN OR WITHDRAWAL HAS BEEN MADE. IT IS EMPHASIZED THAT THE HYPOTHETICAL INVESTMENT RESULTS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE INVESTMENT RESULTS. ACTUAL INVESTMENT RESULTS MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND UPON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY AN OWNER TO THE DIVISIONS OF THE VARIABLE ACCOUNT AND THE DIFFERENT RATES OF RETURN OF THE VARIABLE ACCOUNT. THE DEATH BENEFIT AND CASH VALUE FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RATES OF RETURN AVERAGED 0%, 6% AND 12% OVER A PERIOD OF YEARS, BUT FLUCTUATED ABOVE OR BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. THEY WOULD ALSO BE DIFFERENT IF PREMIUMS WERE PAID IN DIFFERENT AMOUNTS OR FREQUENCIES THAN SHOWN. NO REPRESENTATIONS CAN BE MADE THAT THESE HYPOTHETICAL RATES OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER A PERIOD OF TIME. THE CASH VALUES SHOWN IN THIS ILLUSTRATION FOR POLICY YEARS 1, 2, AND 3 ARE NOT CORRECT FOR POLICIES SOLD IN NEW JERSEY. SEE "CASH VALUE", p. 8, OF THE PROSPECTUS. A CORRECTED ILLUSTRATION IS AVAILABLE UPON REQUEST. 6 7 FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY SEX-NEUTRAL ISSUE AGE 45 -- SELECT UNDERWRITING RISK $500,000 SPECIFIED AMOUNT DEATH BENEFIT OPTION A $10,000 ANNUAL PREMIUM CASH VALUE ACCUMULATION TEST CURRENT CHARGES
DEATH BENEFIT CASH VALUE --------------------------- --------------------------- ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS PREMIUM ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF ACCUMULATED END OF AT 5% INTEREST 0% 6% 12% 0% 6% 12% POLICY YEAR PER YEAR --------- --------- ---------- -------- --------- ---------- ----------- -------- 1 10,500 500,000 500,000 500,000 9,001 9,470 9,938 2 21,525 500,000 500,000 500,000 16,992 18,469 20,002 3 33,101 500,000 500,000 500,000 24,514 27,557 30,839 4 45,256 500,000 500,000 500,000 32,771 37,954 43,764 5 58,019 500,000 500,000 500,000 40,813 48,727 57,953 6 71,420 500,000 500,000 500,000 48,701 59,952 73,601 7 85,491 500,000 500,000 500,000 56,332 71,549 90,764 8 100,266 500,000 500,000 500,000 63,819 83,646 109,716 9 115,779 500,000 500,000 500,000 71,165 96,269 130,655 10 132,068 500,000 500,000 500,000 78,373 109,447 153,799 15 226,575 500,000 500,000 633,861 113,567 187,550 317,387 20 (age 65) 347,193 500,000 500,390 1,027,731 141,840 284,262 583,833 25 501,135 500,000 631,884 1,586,392 159,737 401,966 1,009,168 30 697,608 500,000 768,709 2,388,304 162,524 540,594 1,679,575 35 948,363 500,000 915,082 3,553,438 136,320 698,820 2,713,654 40 1,268,398 500,000 1,067,798 5,223,735 44,695 872,978 4,270,664 45 1,676,852 0 1,224,822 7,595,840 0 1,055,796 6,547,614
ASSUMES NO POLICY LOAN OR WITHDRAWAL HAS BEEN MADE. IT IS EMPHASIZED THAT THE HYPOTHETICAL INVESTMENT RESULTS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE INVESTMENT RESULTS. ACTUAL INVESTMENT RESULTS MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND UPON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY AN OWNER TO THE DIVISIONS OF THE VARIABLE ACCOUNT AND THE DIFFERENT RATES OF RETURN OF THE VARIABLE ACCOUNT. THE DEATH BENEFIT AND CASH VALUE FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RATES OF RETURN AVERAGED 0%, 6% AND 12% OVER A PERIOD OF YEARS, BUT FLUCTUATED ABOVE OR BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. THEY WOULD ALSO BE DIFFERENT IF PREMIUMS WERE PAID IN DIFFERENT AMOUNTS OR FREQUENCIES THAN SHOWN. NO REPRESENTATIONS CAN BE MADE THAT THESE HYPOTHETICAL RATES OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER A PERIOD OF TIME. THE CASH VALUES SHOWN IN THIS ILLUSTRATION FOR POLICY YEARS 1, 2, AND 3 ARE NOT CORRECT FOR POLICIES SOLD IN NEW JERSEY. SEE "CASH VALUE", p. 8, OF THE PROSPECTUS. A CORRECTED ILLUSTRATION IS AVAILABLE UPON REQUEST. 7 8 FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY SEX-NEUTRAL ISSUE AGE 45 -- SELECT UNDERWRITING RISK $500,000 SPECIFIED AMOUNT DEATH BENEFIT OPTION A $10,000 ANNUAL PREMIUM CASH VALUE ACCUMULATION TEST GUARANTEED CHARGES
DEATH BENEFIT CASH VALUE --------------------------- --------------------------- ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS PREMIUM ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF ACCUMULATED END OF AT 5% INTEREST 0% 6% 12% 0% 6% 12% POLICY YEAR PER YEAR ---------- --------- --------- -------- ---------- --------- ----------- -------- 1 10,500 500,000 500,000 500,000 7,235 7,646 8,059 2 21,525 500,000 500,000 500,000 13,379 14,632 15,938 3 33,101 500,000 500,000 500,000 18,978 21,513 24,257 4 45,256 500,000 500,000 500,000 25,241 29,504 34,304 5 58,019 500,000 500,000 500,000 31,217 37,665 45,219 6 71,420 500,000 500,000 500,000 36,916 46,012 57,110 7 85,491 500,000 500,000 500,000 42,291 54,507 70,040 8 100,266 500,000 500,000 500,000 47,352 63,170 84,142 9 115,779 500,000 500,000 500,000 52,107 72,020 99,564 10 132,068 500,000 500,000 500,000 56,459 80,974 116,378 15 226,575 500,000 500,000 500,000 72,185 127,807 228,593 20 347,193 500,000 500,000 715,520 75,097 177,668 406,472 25 501,135 500,000 500,000 1,050,331 56,470 228,214 668,157 30 697,608 0 500,000 1,487,001 0 277,899 1,045,734 35 948,363 0 500,000 2,061,929 0 322,455 1,574,634 40 1,268,398 0 500,000 2,823,235 0 362,079 2,308,136 45 1,676,852 0 500,000 3,836,833 0 394,699 3,307,350
ASSUMES NO POLICY LOAN OR WITHDRAWAL HAS BEEN MADE. IT IS EMPHASIZED THAT THE HYPOTHETICAL INVESTMENT RESULTS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE INVESTMENT RESULTS. ACTUAL INVESTMENT RESULTS MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND UPON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY AN OWNER TO THE DIVISIONS OF THE VARIABLE ACCOUNT AND THE DIFFERENT RATES OF RETURN OF THE VARIABLE ACCOUNT. THE DEATH BENEFIT AND CASH VALUE FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RATES OF RETURN AVERAGED 0%, 6% AND 12% OVER A PERIOD OF YEARS, BUT FLUCTUATED ABOVE OR BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. THEY WOULD ALSO BE DIFFERENT IF PREMIUMS WERE PAID IN DIFFERENT AMOUNTS OR FREQUENCIES THAN SHOWN. NO REPRESENTATIONS CAN BE MADE THAT THESE HYPOTHETICAL RATES OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER A PERIOD OF TIME. THE CASH VALUES SHOWN IN THIS ILLUSTRATION FOR POLICY YEARS 1, 2, AND 3 ARE NOT CORRECT FOR POLICIES SOLD IN NEW JERSEY. SEE "CASH VALUE", p. 8, OF THE PROSPECTUS. A CORRECTED ILLUSTRATION IS AVAILABLE UPON REQUEST. 8