EX-99.A(5)(I) 2 c61821ex99-a5i.txt ILLUSTRATIONS OF DEATH BENEFITS, CASH VALUES 1 Exhibit A(5)(I) FLEXIBLE PREMIUM VARIABLE JOINT LIFE INSURANCE POLICY SPECIFIED AMOUNT: $1,000,000 DEATH BENEFIT OPTION: A MALE SELECT CLASS ISSUE AGE 55 FEMALE SELECT CLASS ISSUE AGE 55 ANNUAL PREMIUM: $20,000 GUIDELINE PREMIUM / CASH VALUE CORRIDOR TEST CURRENT CHARGES
DEATH BENEFIT ------------------------------------------------------- ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF END OF PREMIUM ACCUMULATED ------------------------------------------------------- POLICY YEAR AT 5% INTEREST PER YEAR 0% 6% 12% ----------- ----------------------- -------------- ---------- --------- 1 21,000 1,000,000 1,000,000 1,000,000 2 43,050 1,000,000 1,000,000 1,000,000 3 66,203 1,000,000 1,000,000 1,000,000 4 90,513 1,000,000 1,000,000 1,000,000 5 116,038 1,000,000 1,000,000 1,000,000 6 142,840 1,000,000 1,000,000 1,000,000 7 170,982 1,000,000 1,000,000 1,000,000 8 200,531 1,000,000 1,000,000 1,000,000 9 231,558 1,000,000 1,000,000 1,000,000 10 264,136 1,000,000 1,000,000 1,000,000 15 453,150 1,000,000 1,000,000 1,000,000 20 694,385 1,000,000 1,000,000 1,231,273 25 1,002,269 1,000,000 1,000,000 2,151,291 30 1,395,216 1,000,000 1,176,067 3,705,695 35 1,896,726 1,000,000 1,575,433 6,215,194
POLICY VALUE CASH VALUE ------------------------------------------------------- ------------------------------------------------------- ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF END OF ------------------------------------------------------- ------------------------------------------------------- POLICY YEAR 0% 6% 12% 0% 6% 12% ----------- ------- ------- --------- ------- ------- --------- 1 15,522 16,525 17,530 6,232 7,235 8,240 2 30,869 33,852 36,956 22,612 25,594 28,699 3 46,042 52,016 58,484 38,816 44,791 51,258 4 61,039 71,057 82,337 54,846 64,864 76,143 5 75,859 91,013 108,764 70,698 85,852 103,602 6 90,496 111,922 138,037 86,367 107,793 133,908 7 104,946 133,822 170,459 101,849 130,726 167,362 8 119,201 156,755 206,363 117,136 154,691 204,298 9 133,254 180,761 246,120 132,222 179,729 245,088 10 147,099 205,888 290,146 147,099 205,888 290,146 15 227,297 366,996 612,297 227,297 366,996 612,297 20 295,833 565,953 1,150,722 295,833 565,953 1,150,722 25 334,046 808,247 2,048,848 334,046 808,247 2,048,848 30 297,781 1,120,064 3,529,234 297,781 1,120,064 3,529,234 35 51,073 1,500,412 5,919,233 51,073 1,500,412 5,919,233
ALL PREMIUM PAYMENTS ARE ILLUSTRATED AS IF MADE AT THE BEGINNING OF THE POLICY YEAR. 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, POLICY VALUE 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. 1 2 FLEXIBLE PREMIUM VARIABLE JOINT LIFE INSURANCE POLICY SPECIFIED AMOUNT: $1,000,000 DEATH BENEFIT OPTION: A MALE SELECT CLASS ISSUE AGE 55 FEMALE SELECT CLASS ISSUE AGE 55 ANNUAL PREMIUM: $20,000 GUIDELINE PREMIUM / CASH VALUE CORRIDOR TEST GUARANTEED CHARGES
DEATH BENEFIT ------------------------------------------------------- ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF END OF PREMIUM ACCUMULATED ------------------------------------------------------- POLICY YEAR AT 5% INTEREST PER YEAR 0% 6% 12% ----------- ----------------------- --------- --------- --------- 1 21,000 1,000,000 1,000,000 1,000,000 2 43,050 1,000,000 1,000,000 1,000,000 3 66,203 1,000,000 1,000,000 1,000,000 4 90,513 1,000,000 1,000,000 1,000,000 5 116,038 1,000,000 1,000,000 1,000,000 6 142,840 1,000,000 1,000,000 1,000,000 7 170,982 1,000,000 1,000,000 1,000,000 8 200,531 1,000,000 1,000,000 1,000,000 9 231,558 1,000,000 1,000,000 1,000,000 10 264,136 1,000,000 1,000,000 1,000,000 15 453,150 1,000,000 1,000,000 1,000,000 20 694,385 1,000,000 1,000,000 1,081,505 25 1,002,269 1,000,000 1,000,000 1,855,009 30 1,395,216 0* 1,000,000 3,115,429 35 1,896,726 0* 1,000,000 5,063,479
POLICY VALUE CASH VALUE ------------------------------------------------------- ------------------------------------------------------- ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF END OF ------------------------------------------------------- ------------------------------------------------------- POLICY YEAR 0% 6% 12% 0% 6% 12% ----------- -------- ------- --------- ------- ------- --------- 1 15,378 16,375 17,373 6,088 7,085 8,083 2 30,412 33,360 36,429 22,154 25,102 28,172 3 45,085 50,961 57,324 37,859 43,736 50,098 4 59,381 69,184 80,225 53,188 62,991 74,031 5 73,279 88,031 105,317 68,118 82,870 100,156 6 86,754 107,499 132,801 82,625 103,370 128,672 7 99,770 127,579 162,894 96,673 124,482 159,797 8 112,280 148,248 195,826 110,216 146,184 193,762 9 124,220 169,470 231,846 123,188 168,438 230,814 10 135,512 191,197 271,226 135,512 191,197 271,226 15 194,004 322,978 551,824 194,004 322,978 551,824 20 217,278 462,857 1,010,752 217,278 462,857 1,010,752 25 161,091 596,725 1,766,675 161,091 596,725 1,766,675 30 0* 716,915 2,967,075 0* 716,915 2,967,075 35 0* 832,007 4,822,361 0* 832,007 4,822,361
*Additional payment will be required to prevent policy termination. ALL PREMIUM PAYMENTS ARE ILLUSTRATED AS IF MADE AT THE BEGINNING OF THE POLICY YEAR. 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, POLICY VALUE 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. 2 3 FLEXIBLE PREMIUM VARIABLE JOINT LIFE INSURANCE POLICY SPECIFIED AMOUNT: $1,000,000 DEATH BENEFIT OPTION: A MALE SELECT CLASS ISSUE AGE 55 FEMALE SELECT CLASS ISSUE AGE 55 ANNUAL PREMIUM: $20,000 CASH VALUE ACCUMULATION TEST CURRENT CHARGES
DEATH BENEFIT ------------------------------------------------------- ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF END OF PREMIUM ACCUMULATED ------------------------------------------------------- POLICY YEAR AT 5% INTEREST PER YEAR 0% 6% 12% ----------- ----------------------- --------- --------- --------- 1 21,000 1,000,000 1,000,000 1,000,000 2 43,050 1,000,000 1,000,000 1,000,000 3 66,203 1,000,000 1,000,000 1,000,000 4 90,513 1,000,000 1,000,000 1,000,000 5 116,038 1,000,000 1,000,000 1,000,000 6 142,840 1,000,000 1,000,000 1,000,000 7 170,982 1,000,000 1,000,000 1,000,000 8 200,531 1,000,000 1,000,000 1,000,000 9 231,558 1,000,000 1,000,000 1,000,000 10 264,136 1,000,000 1,000,000 1,000,000 15 453,150 1,000,000 1,000,000 1,132,348 20 694,385 1,000,000 1,000,000 1,806,760 25 1,002,269 1,000,000 1,118,299 2,765,673 30 1,395,216 1,000,000 1,353,595 4,142,958 35 1,896,726 1,000,000 1,598,348 6,110,280
POLICY VALUE CASH VALUE ------------------------------------------------------- ------------------------------------------------------- ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF END OF ------------------------------------------------------- ------------------------------------------------------- POLICY YEAR 0% 6% 12% 0% 6% 12% ----------- -------- --------- --------- ------- --------- --------- 1 15,522 16,525 17,530 6,232 7,235 8,240 2 30,869 33,852 36,956 22,612 25,594 28,699 3 46,042 52,016 58,484 38,816 44,791 51,258 4 61,039 71,057 82,337 54,846 64,864 76,143 5 75,859 91,013 108,764 70,698 85,852 103,602 6 90,496 111,922 138,037 86,367 107,793 133,908 7 104,946 133,822 170,459 101,849 130,726 167,362 8 119,201 156,755 206,363 117,136 154,691 204,298 9 133,254 180,761 246,120 132,222 179,729 245,088 10 147,099 205,888 290,146 147,099 205,888 290,146 15 227,297 366,996 612,215 227,297 366,996 612,215 20 295,833 565,953 1,143,119 295,833 565,953 1,143,119 25 334,046 805,813 1,992,861 334,046 805,813 1,992,861 30 297,781 1,078,355 3,300,529 297,781 1,078,355 3,300,529 35 51,073 1,366,427 5,223,679 51,073 1,366,427 5,223,679
ALL PREMIUM PAYMENTS ARE ILLUSTRATED AS IF MADE AT THE BEGINNING OF THE POLICY YEAR. 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, POLICY VALUE 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. 3 4 FLEXIBLE PREMIUM VARIABLE JOINT LIFE INSURANCE POLICY SPECIFIED AMOUNT: $1,000,000 DEATH BENEFIT OPTION: A MALE SELECT CLASS ISSUE AGE 55 FEMALE SELECT CLASS ISSUE AGE 55 ANNUAL PREMIUM: $20,000 CASH VALUE ACCUMULATION TEST GUARANTEED CHARGES
DEATH BENEFIT ------------------------------------------------------- ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF END OF PREMIUM ACCUMULATED ------------------------------------------------------- POLICY YEAR AT 5% INTEREST PER YEAR 0% 6% 12% ----------- ----------------------- --------- --------- --------- 1 21,000 1,000,000 1,000,000 1,000,000 2 43,050 1,000,000 1,000,000 1,000,000 3 66,203 1,000,000 1,000,000 1,000,000 4 90,513 1,000,000 1,000,000 1,000,000 5 116,038 1,000,000 1,000,000 1,000,000 6 142,840 1,000,000 1,000,000 1,000,000 7 170,982 1,000,000 1,000,000 1,000,000 8 200,531 1,000,000 1,000,000 1,000,000 9 231,558 1,000,000 1,000,000 1,000,000 10 264,136 1,000,000 1,000,000 1,000,000 15 453,150 1,000,000 1,000,000 1,020,630 20 694,385 1,000,000 1,000,000 1,558,395 25 1,002,269 1,000,000 1,000,000 2,244,735 30 1,395,216 0* 1,000,000 3,136,441 35 1,896,726 0* 1,000,000 4,313,250
POLICY VALUE CASH VALUE ------------------------------------------------------- ------------------------------------------------------- ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF END OF ------------------------------------------------------- ------------------------------------------------------- POLICY YEAR 0% 6% 12% 0% 6% 12% ----------- ------- ------- --------- ------- ------- --------- 1 15,378 16,375 17,373 6,088 7,085 8,083 2 30,412 33,360 36,429 22,154 25,102 28,172 3 45,085 50,961 57,324 37,859 43,736 50,098 4 59,381 69,184 80,225 53,188 62,991 74,031 5 73,279 88,031 105,317 68,118 82,870 100,156 6 86,754 107,499 132,801 82,625 103,370 128,672 7 99,770 127,579 162,894 96,673 124,482 159,797 8 112,280 148,248 195,826 110,216 146,184 193,762 9 124,220 169,470 231,846 123,188 168,438 230,814 10 135,512 191,197 271,226 135,512 191,197 271,226 15 194,004 322,978 551,814 194,004 322,978 551,814 20 217,278 462,857 985,981 217,278 462,857 985,981 25 161,091 596,725 1,617,489 161,091 596,725 1,617,489 30 0* 716,915 2,498,677 0* 716,915 2,498,677 35 0* 832,007 3,687,397 0* 832,007 3,687,397
*Additional payment will be required to prevent policy termination. ALL PREMIUM PAYMENTS ARE ILLUSTRATED AS IF MADE AT THE BEGINNING OF THE POLICY YEAR. 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, POLICY VALUE 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. 4 5 FLEXIBLE PREMIUM VARIABLE JOINT LIFE INSURANCE POLICY SPECIFIED AMOUNT: $1,000,000 DEATH BENEFIT OPTION: B MALE SELECT CLASS ISSUE AGE 55 FEMALE SELECT CLASS ISSUE AGE 55 ANNUAL PREMIUM: $20,000 GUIDELINE PREMIUM / CASH VALUE CORRIDOR TEST CURRENT CHARGES
DEATH BENEFIT ------------------------------------------------------- ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF END OF PREMIUM ACCUMULATED ------------------------------------------------------- POLICY YEAR AT 5% INTEREST PER YEAR 0% 6% 12% ----------- ----------------------- --------- --------- --------- 1 21,000 1,015,522 1,016,525 1,017,530 2 43,050 1,030,869 1,033,852 1,036,956 3 66,203 1,046,041 1,052,016 1,058,483 4 90,513 1,061,038 1,071,055 1,082,334 5 116,038 1,075,855 1,091,008 1,108,757 6 142,840 1,090,487 1,111,911 1,138,023 7 170,982 1,104,928 1,133,800 1,170,429 8 200,531 1,119,169 1,156,712 1,206,304 9 231,558 1,133,198 1,180,684 1,246,012 10 264,136 1,147,008 1,205,756 1,289,955 15 453,150 1,226,555 1,365,731 1,610,096 20 694,385 1,291,294 1,556,795 2,132,395 25 1,002,269 1,311,607 1,752,777 2,953,868 30 1,395,216 1,222,198 1,877,906 4,188,729 35 1,896,726 0* 1,765,090 5,948,114
POLICY VALUE CASH VALUE ------------------------------------------------------- ------------------------------------------------------- ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF END OF ------------------------------------------------------- ------------------------------------------------------- POLICY YEAR 0% 6% 12% 0% 6% 12% ----------- ------- ------- --------- ------- ------- --------- 1 15,522 16,525 17,530 6,232 7,235 8,240 2 30,869 33,852 36,956 22,611 25,594 28,698 3 46,041 52,016 58,483 38,816 44,790 51,257 4 61,038 71,055 82,334 54,844 64,862 76,141 5 75,855 91,008 108,757 70,694 85,847 103,596 6 90,487 111,911 138,023 86,359 107,782 133,894 7 104,928 133,800 170,429 101,832 130,703 167,332 8 119,169 156,712 206,304 117,104 154,647 204,240 9 133,198 180,684 246,012 132,166 179,651 244,980 10 147,008 205,756 289,955 147,008 205,756 289,955 15 226,555 365,731 610,096 226,555 365,731 610,096 20 291,294 556,795 1,132,395 291,294 556,795 1,132,395 25 311,607 752,777 1,953,868 311,607 752,777 1,953,868 30 222,198 877,906 3,188,729 222,198 877,906 3,188,729 35 0* 765,090 4,948,114 0* 765,090 4,948,114
*Additional payment will be required to prevent policy termination. ALL PREMIUM PAYMENTS ARE ILLUSTRATED AS IF MADE AT THE BEGINNING OF THE POLICY YEAR. 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, POLICY VALUE 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. 5 6 FLEXIBLE PREMIUM VARIABLE JOINT LIFE INSURANCE POLICY SPECIFIED AMOUNT: $1,000,000 DEATH BENEFIT OPTION: B MALE SELECT CLASS ISSUE AGE 55 FEMALE SELECT CLASS ISSUE AGE 55 ANNUAL PREMIUM: $20,000 GUIDELINE PREMIUM / CASH VALUE CORRIDOR TEST GUARANTEED CHARGES
DEATH BENEFIT ------------------------------------------------------- ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF END OF PREMIUM ACCUMULATED ------------------------------------------------------- POLICY YEAR AT 5% INTEREST PER YEAR 0% 6% 12% ----------- ----------------------- --------- --------- --------- 1 21,000 1,015,378 1,016,374 1,017,372 2 43,050 1,030,406 1,033,354 1,036,422 3 66,203 1,045,065 1,050,939 1,057,299 4 90,513 1,059,334 1,069,129 1,080,159 5 116,038 1,073,184 1,087,914 1,105,175 6 142,840 1,086,580 1,107,279 1,132,523 7 170,982 1,099,478 1,127,194 1,162,390 8 200,531 1,111,815 1,147,613 1,194,962 9 231,558 1,123,507 1,168,461 1,230,421 10 264,136 1,134,454 1,189,644 1,268,947 15 453,150 1,188,444 1,313,207 1,534,423 20 694,385 1,197,477 1,419,897 1,915,813 25 1,002,269 1,109,440 1,442,153 2,414,421 30 1,395,216 0* 1,257,611 2,988,793 35 1,896,726 0* 0* 3,504,461
POLICY VALUE CASH VALUE ------------------------------------------------------- ------------------------------------------------------- ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF END OF ------------------------------------------------------- ------------------------------------------------------- POLICY YEAR 0% 6% 12% 0% 6% 12% ----------- ------- ------- --------- ------- ------- --------- 1 15,378 16,374 17,372 6,088 7,084 8,082 2 30,406 33,354 36,422 22,148 25,096 28,165 3 45,065 50,939 57,299 37,840 43,714 50,073 4 59,334 69,129 80,159 53,140 62,935 73,966 5 73,184 87,914 105,175 68,023 82,753 100,014 6 86,580 107,279 132,523 82,451 103,150 128,394 7 99,478 127,194 162,390 96,381 124,098 159,293 8 111,815 147,613 194,962 109,750 145,548 192,898 9 123,507 168,461 230,421 122,475 167,429 229,389 10 134,454 189,644 268,947 134,454 189,644 268,947 15 188,444 313,207 534,423 188,444 313,207 534,423 20 197,477 419,897 915,813 197,477 419,897 915,813 25 109,440 442,153 1,414,421 109,440 442,153 1,414,421 30 0* 257,611 1,988,793 0* 257,611 1,988,793 35 0* 0* 2,504,461 0* 0* 2,504,461
*Additional payment will be required to prevent policy termination. ALL PREMIUM PAYMENTS ARE ILLUSTRATED AS IF MADE AT THE BEGINNING OF THE POLICY YEAR. 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, POLICY VALUE 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. 6 7 FLEXIBLE PREMIUM VARIABLE JOINT LIFE INSURANCE POLICY SPECIFIED AMOUNT: $1,000,000 DEATH BENEFIT OPTION: B MALE SELECT CLASS ISSUE AGE 55 FEMALE SELECT CLASS ISSUE AGE 55 ANNUAL PREMIUM: $20,000 CASH VALUE ACCUMULATION TEST CURRENT CHARGES
DEATH BENEFIT ------------------------------------------------------- ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF END OF PREMIUM ACCUMULATED ------------------------------------------------------- POLICY YEAR AT 5% INTEREST PER YEAR 0% 6% 12% ----------- ----------------------- --------- --------- --------- 1 21,000 1,015,522 1,016,525 1,017,530 2 43,050 1,030,869 1,033,852 1,036,956 3 66,203 1,046,041 1,052,016 1,058,483 4 90,513 1,061,038 1,071,055 1,082,334 5 116,038 1,075,855 1,091,008 1,108,757 6 142,840 1,090,487 1,111,911 1,138,023 7 170,982 1,104,928 1,133,800 1,170,429 8 200,531 1,119,169 1,156,712 1,206,304 9 231,558 1,133,198 1,180,684 1,246,012 10 264,136 1,147,008 1,205,756 1,289,955 15 453,150 1,226,555 1,365,731 1,610,096 20 694,385 1,291,294 1,556,795 2,132,395 25 1,002,269 1,311,607 1,752,777 2,953,868 30 1,395,216 1,222,198 1,877,906 4,188,729 35 1,896,726 0* 1,765,090 5,948,114
POLICY VALUE CASH VALUE ------------------------------------------------------- ------------------------------------------------------- ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF END OF ------------------------------------------------------- ------------------------------------------------------- POLICY YEAR 0% 6% 12% 0% 6% 12% ----------- ------- ------- --------- ------- ------- --------- 1 15,522 16,525 17,530 6,232 7,235 8,240 2 30,869 33,852 36,956 22,611 25,594 28,698 3 46,041 52,016 58,483 38,816 44,790 51,257 4 61,038 71,055 82,334 54,844 64,862 76,141 5 75,855 91,008 108,757 70,694 85,847 103,596 6 90,487 111,911 138,023 86,359 107,782 133,894 7 104,928 133,800 170,429 101,832 130,703 167,332 8 119,169 156,712 206,304 117,104 154,647 204,240 9 133,198 180,684 246,012 132,166 179,651 244,980 10 147,008 205,756 289,955 147,008 205,756 289,955 15 226,555 365,731 610,096 226,555 365,731 610,096 20 291,294 556,795 1,132,395 291,294 556,795 1,132,395 25 311,607 752,777 1,953,868 311,607 752,777 1,953,868 30 222,198 877,906 3,188,729 222,198 877,906 3,188,729 35 0* 765,090 4,948,114 0* 765,090 4,948,114
*Additional payment will be required to prevent policy termination. ALL PREMIUM PAYMENTS ARE ILLUSTRATED AS IF MADE AT THE BEGINNING OF THE POLICY YEAR. 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, POLICY VALUE 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. 7 8 FLEXIBLE PREMIUM VARIABLE JOINT LIFE INSURANCE POLICY SPECIFIED AMOUNT: $1,000,000 DEATH BENEFIT OPTION: B MALE SELECT CLASS ISSUE AGE 55 FEMALE SELECT CLASS ISSUE AGE 55 ANNUAL PREMIUM: $20,000 CASH VALUE ACCUMULATION TEST GUARANTEED CHARGES
DEATH BENEFIT ------------------------------------------------------- ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF END OF PREMIUM ACCUMULATED ------------------------------------------------------- POLICY YEAR AT 5% INTEREST PER YEAR 0% 6% 12% ----------- ----------------------- --------- --------- --------- 1 21,000 1,015,378 1,016,374 1,017,372 2 43,050 1,030,406 1,033,354 1,036,422 3 66,203 1,045,065 1,050,939 1,057,299 4 90,513 1,059,334 1,069,129 1,080,159 5 116,038 1,073,184 1,087,914 1,105,175 6 142,840 1,086,580 1,107,279 1,132,523 7 170,982 1,099,478 1,127,194 1,162,390 8 200,531 1,111,815 1,147,613 1,194,962 9 231,558 1,123,507 1,168,461 1,230,421 10 264,136 1,134,454 1,189,644 1,268,947 15 453,150 1,188,444 1,313,207 1,534,423 20 694,385 1,197,477 1,419,897 1,915,813 25 1,002,269 1,109,440 1,442,153 2,414,421 30 1,395,216 0* 1,257,611 2,988,793 35 1,896,726 0* 0* 3,504,461
POLICY VALUE CASH VALUE ------------------------------------------------------- ------------------------------------------------------- ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF END OF ------------------------------------------------------- ------------------------------------------------------- POLICY YEAR 0% 6% 12% 0% 6% 12% ----------- ------- ------- --------- ------- ------- --------- 1 15,378 16,374 17,372 6,088 7,084 8,082 2 30,406 33,354 36,422 22,148 25,096 28,165 3 45,065 50,939 57,299 37,840 43,714 50,073 4 59,334 69,129 80,159 53,140 62,935 73,966 5 73,184 87,914 105,175 68,023 82,753 100,014 6 86,580 107,279 132,523 82,451 103,150 128,394 7 99,478 127,194 162,390 96,381 124,098 159,293 8 111,815 147,613 194,962 109,750 145,548 192,898 9 123,507 168,461 230,421 122,475 167,429 229,389 10 134,454 189,644 268,947 134,454 189,644 268,947 15 188,444 313,207 534,423 188,444 313,207 534,423 20 197,477 419,897 915,813 197,477 419,897 915,813 25 109,440 442,153 1,414,421 109,440 442,153 1,414,421 30 0* 257,611 1,988,793 0* 257,611 1,988,793 35 0* 0* 2,504,461 0* 0* 2,504,461
*Additional payment will be required to prevent policy termination. ALL PREMIUM PAYMENTS ARE ILLUSTRATED AS IF MADE AT THE BEGINNING OF THE POLICY YEAR. 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, POLICY VALUE 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. 8