EX-99.A(5)(I) 4 c62962apex99-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 POLICY YEAR PER YEAR 0% 6% 12% 0% 6% 12% ----------- -------- --------- --------- --------- --------- --------- --------- 1 10,500 500,000 500,000 500,000 8,648 9,105 9,562 2 21,525 500,000 500,000 500,000 16,529 17,942 19,410 3 33,101 500,000 500,000 500,000 23,798 26,683 29,797 4 45,256 500,000 500,000 500,000 30,405 35,291 40,776 5 58,019 500,000 500,000 500,000 37,816 45,248 53,927 6 71,420 500,000 500,000 500,000 45,028 55,567 68,376 7 85,491 500,000 500,000 500,000 52,422 66,670 84,690 8 100,266 500,000 500,000 500,000 59,624 78,200 102,658 9 115,779 500,000 500,000 500,000 66,589 90,134 122,417 10 132,068 500,000 500,000 500,000 73,375 102,548 144,223 15 226,575 500,000 500,000 500,000 105,819 175,509 298,561 20 (age 65) 347,193 500,000 500,000 683,749 131,971 266,187 560,450 25 501,135 500,000 500,000 1,156,504 149,426 381,664 996,986 30 697,608 500,000 571,281 1,844,269 151,338 533,908 1,723,616 35 948,363 500,000 765,198 3,086,429 123,190 728,760 2,939,456 40 1,268,398 500,000 1,017,226 5,181,646 27,070 968,786 4,934,901 45 1,676,852 500,000 1,318,542 8,553,582 0 1,255,754 8,146,269
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. 9, 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 POLICY YEAR PER YEAR 0% 6% 12% 0% 6% 12% ------------- -------- ------- ------- ------- ------- ------- ------- 1 10,500 500,000 500,000 500,000 7,233 7,644 8,057 2 21,525 500,000 500,000 500,000 13,550 14,781 16,063 3 33,101 500,000 500,000 500,000 19,171 21,636 24,307 4 45,256 500,000 500,000 500,000 24,104 28,225 32,871 5 58,019 500,000 500,000 500,000 29,705 35,911 43,195 6 71,420 500,000 500,000 500,000 35,030 43,757 54,424 7 85,491 500,000 500,000 500,000 40,409 52,122 67,037 8 100,266 500,000 500,000 500,000 45,471 60,643 80,781 9 115,779 500,000 500,000 500,000 50,224 69,340 95,799 10 132,068 500,000 500,000 500,000 54,571 78,128 112,155 15 226,575 500,000 500,000 500,000 70,233 123,895 220,979 20 (age 65) 347,193 500,000 500,000 500,000 73,008 172,117 401,830 25 501,135 500,000 500,000 814,608 54,141 219,967 702,249 30 697,608 500,000 500,000 1,266,447 0 264,757 1,183,595 35 948,363 500,000 500,000 2,062,255 0 298,811 1,964,052 40 1,268,398 500,000 500,000 3,349,347 0 311,139 3,189,854 45 1,676,852 500,000 500,000 5,325,217 0 248,495 5,071,635
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. 9, 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 POLICY YEAR PER YEAR 0% 6% 12% 0% 6% 12% ------------- -------- ------- ------- ------- ------- ------- ------- 1 10,500 500,000 500,000 500,000 8,648 9,105 9,562 2 21,525 500,000 500,000 500,000 16,529 17,942 19,410 3 33,101 500,000 500,000 500,000 23,798 26,683 29,797 4 45,256 500,000 500,000 500,000 30,405 35,291 40,776 5 58,019 500,000 500,000 500,000 37,816 45,248 53,927 6 71,420 500,000 500,000 500,000 45,028 55,567 68,376 7 85,491 500,000 500,000 500,000 52,422 66,670 84,690 8 100,266 500,000 500,000 500,000 59,624 78,200 102,658 9 115,779 500,000 500,000 500,000 66,589 90,134 122,417 10 132,068 500,000 500,000 500,000 73,375 102,548 144,223 15 226,575 500,000 500,000 595,399 105,819 175,509 298,128 20 (age 65) 347,193 500,000 500,000 966,492 131,971 266,187 549,045 25 501,135 500,000 595,730 1,495,519 149,426 378,967 951,360 30 697,608 500,000 727,976 2,253,558 151,338 511,949 1,584,815 35 948,363 500,000 868,979 3,353,018 123,190 663,613 2,560,599 40 1,268,398 500,000 1,015,740 4,926,695 27,070 830,418 4,027,820 45 1,676,852 500,000 1,166,333 7,158,254 0 1,005,379 6,170,415
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. 9, 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 POLICY YEAR PER YEAR 0% 6% 12% 0% 6% 12% ------------- -------- ------- ------- ------- ------- ------- ------- 1 10,500 500,000 500,000 500,000 7,233 7,644 8,057 2 21,525 500,000 500,000 500,000 13,550 14,781 16,063 3 33,101 500,000 500,000 500,000 19,171 21,636 24,307 4 45,256 500,000 500,000 500,000 24,104 28,225 32,871 5 58,019 500,000 500,000 500,000 29,705 35,911 43,195 6 71,420 500,000 500,000 500,000 35,030 43,757 54,424 7 85,491 500,000 500,000 500,000 40,409 52,122 67,037 8 100,266 500,000 500,000 500,000 45,471 60,643 80,781 9 115,779 500,000 500,000 500,000 50,224 69,340 95,799 10 132,068 500,000 500,000 500,000 54,571 78,128 112,155 15 226,575 500,000 500,000 500,000 70,233 123,895 220,979 20 (age 65) 347,193 500,000 500,000 693,631 73,008 172,117 394,038 25 501,135 500,000 500,000 1,019,716 54,141 219,967 648,682 30 697,608 500,000 500,000 1,444,182 0 264,757 1,015,621 35 948,363 500,000 500,000 2,002,077 0 298,811 1,528,926 40 1,268,398 500,000 500,000 2,739,663 0 311,139 2,239,812 45 1,676,852 500,000 500,000 3,720,228 0 248,495 3,206,837
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. 9, 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 POLICY YEAR PER YEAR 0% 6% 12% 0% 6% 12% ------------- -------- ------- ------- ------- ------- ------- ------- 1 10,500 500,000 500,000 500,000 8,999 9,459 9,936 2 21,525 500,000 500,000 500,000 17,163 18,592 20,127 3 33,101 500,000 500,000 500,000 24,707 27,629 30,889 4 45,256 500,000 500,000 500,000 31,636 36,588 42,334 5 58,019 500,000 500,000 500,000 39,305 46,840 55,934 6 71,420 500,000 500,000 500,000 46,821 57,507 70,926 7 85,491 500,000 500,000 500,000 54,459 68,901 87,778 8 100,266 500,000 500,000 500,000 61,949 80,771 106,381 9 115,779 500,000 500,000 500,000 69,296 93,141 126,927 10 132,068 500,000 500,000 500,000 76,504 106,038 149,630 15 226,575 500,000 500,000 500,000 111,609 182,094 310,462 20 (age 65) 347,193 500,000 500,000 709,522 139,716 275,424 581,576 25 501,135 500,000 500,000 1,197,366 157,350 392,409 1,032,212 30 697,608 500,000 583,691 1,907,022 159,734 545,506 1,782,264 35 948,363 500,000 777,001 3,189,171 132,853 740,001 3,037,305 40 1,268,398 500,000 1,027,263 5,351,915 39,906 978,346 5,097,062 45 1,676,852 500,000 1,324,798 8,832,480 0 1,261,712 8,411,886
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. 9, 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 POLICY YEAR PER YEAR 0% 6% 12% 0% 6% 12% ------------- -------- ------- ------- ------- ------- ------- ------- 1 10,500 500,000 500,000 500,000 7,233 7,644 8,057 2 21,525 500,000 500,000 500,000 13,550 14,781 16,063 3 33,101 500,000 500,000 500,000 19,171 21,636 24,307 4 45,256 500,000 500,000 500,000 24,104 28,225 32,871 5 58,019 500,000 500,000 500,000 29,705 35,911 43,195 6 71,420 500,000 500,000 500,000 35,030 43,757 54,424 7 85,491 500,000 500,000 500,000 40,409 52,122 67,037 8 100,266 500,000 500,000 500,000 45,471 60,643 80,781 9 115,779 500,000 500,000 500,000 50,224 69,340 95,799 10 132,068 500,000 500,000 500,000 54,571 78,128 112,155 15 226,575 500,000 500,000 500,000 70,233 123,895 220,979 20 347,193 500,000 500,000 500,000 73,008 172,117 401,830 25 501,135 500,000 500,000 814,608 54,141 219,967 702,249 30 697,608 500,000 500,000 1,266,447 0 264,757 1,183,595 35 948,363 500,000 500,000 2,062,255 0 298,811 1,964,052 40 1,268,398 500,000 500,000 3,349,347 0 311,139 3,189,854 45 1,676,852 500,000 500,000 5,325,217 0 248,495 5,071,635
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. 9, 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 POLICY YEAR PER YEAR 0% 6% 12% 0% 6% 12% ------------- -------- ------- ------- ------- ------- ------- ------- 1 10,500 500,000 500,000 500,000 8,999 9,467 9,936 2 21,525 500,000 500,000 500,000 17,163 18,617 20,127 3 33,101 500,000 500,000 500,000 24,707 27,680 30,889 4 45,256 500,000 500,000 500,000 31,636 36,677 42,334 5 58,019 500,000 500,000 500,000 39,305 46,978 55,934 6 71,420 500,000 500,000 500,000 46,821 57,706 70,926 7 85,491 500,000 500,000 500,000 54,459 69,176 87,778 8 100,266 500,000 500,000 500,000 61,949 81,136 106,381 9 115,779 500,000 500,000 500,000 69,296 93,613 126,927 10 132,068 500,000 500,000 500,000 76,504 106,634 149,630 15 226,575 500,000 500,000 619,045 111,609 183,658 309,968 20 (age 65) 347,193 500,000 500,000 1,005,001 139,716 278,742 570,921 25 501,135 500,000 620,365 1,551,438 157,350 394,639 986,932 30 697,608 500,000 755,014 2,334,522 159,734 530,964 1,641,753 35 948,363 500,000 898,742 3,470,592 132,853 686,342 2,650,387 40 1,268,398 500,000 1,048,389 5,096,846 39,906 857,110 4,166,926 45 1,676,852 500,000 1,201,942 7,403,073 0 1,036,074 6,381,449
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. 9, 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 POLICY YEAR PER YEAR 0% 6% 12% 0% 6% 12% ------------- -------- ------- ------- ------- ------- ------- ------- 1 10,500 500,000 500,000 500,000 7,233 7,644 8,057 2 21,525 500,000 500,000 500,000 13,550 14,781 16,063 3 33,101 500,000 500,000 500,000 19,171 21,636 24,307 4 45,256 500,000 500,000 500,000 24,104 28,225 32,871 5 58,019 500,000 500,000 500,000 29,705 35,911 43,195 6 71,420 500,000 500,000 500,000 35,030 43,757 54,424 7 85,491 500,000 500,000 500,000 40,409 52,122 67,037 8 100,266 500,000 500,000 500,000 45,471 60,643 80,781 9 115,779 500,000 500,000 500,000 50,224 69,340 95,799 10 132,068 500,000 500,000 500,000 54,571 78,128 112,155 15 226,575 500,000 500,000 500,000 70,233 123,895 220,979 20 347,193 500,000 500,000 693,631 73,008 172,117 394,038 25 501,135 500,000 500,000 1,019,716 54,141 219,967 648,682 30 697,608 500,000 500,000 1,444,182 0 264,757 1,015,621 35 948,363 500,000 500,000 2,002,077 0 298,811 1,528,926 40 1,268,398 500,000 500,000 2,739,663 0 311,139 2,239,812 45 1,676,852 500,000 500,000 3,720,228 0 248,495 3,206,837
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. 9, OF THE PROSPECTUS. A CORRECTED ILLUSTRATION IS AVAILABLE UPON REQUEST. VEL 159883 8