EX-99.A(5)(I) 4 c69108ex99-a5i.txt ILLUSTRATIONS 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 ---------------------------------- ---------------------------------- PREMIUM ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS ACCUMULATED ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF END OF AT 5% INTEREST POLICY YEAR PER YEAR 0% 6% 12% 0% 6% 12% ----------- ---------------- ------- -------- --------- ------ ------- -------- 1 10,500 500,000 500,000 500,000 8,824 9,286 9,749 2 21,525 500,000 500,000 500,000 16,875 18,309 19,799 3 33,101 500,000 500,000 500,000 24,027 26,951 30,109 4 45,256 500,000 500,000 500,000 30,296 35,229 40,771 5 58,019 500,000 500,000 500,000 37,379 44,848 53,582 6 71,420 500,000 500,000 500,000 44,272 54,821 67,663 7 85,491 500,000 500,000 500,000 51,410 65,620 83,635 8 100,266 500,000 500,000 500,000 58,362 76,840 101,234 9 115,779 500,000 500,000 500,000 65,135 88,505 120,644 10 132,068 500,000 500,000 500,000 71,733 100,643 142,074 15 226,575 500,000 500,000 500,000 103,660 172,151 293,475 20 (age 65) 347,193 500,000 500,000 671,748 131,621 262,571 550,613 25 501,135 500,000 500,000 1,135,983 153,793 378,281 979,296 30 697,608 500,000 566,514 1,811,388 166,309 529,453 1,692,886 35 948,363 500,000 758,720 3,030,262 163,894 722,590 2,885,963 40 1,268,398 500,000 1,011,740 5,102,064 136,517 963,562 4,859,108 45 1,676,852 500,000 1,324,151 8,503,835 61,973 1,261,096 8,098,891
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 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 ---------------------------------- ---------------------------------- PREMIUM ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS ACCUMULATED ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF 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 0 500,000 1,266,447 0 264,757 1,183,595 35 948,363 0 500,000 2,062,255 0 298,811 1,964,052 40 1,268,398 0 500,000 3,349,347 0 311,139 3,189,854 45 1,676,852 0 500,000 5,325,218 0 248,495 5,071,636
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 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 ---------------------------------- ---------------------------------- PREMIUM ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS ACCUMULATED ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF END OF AT 5% INTEREST POLICY YEAR PER YEAR 0% 6% 12% 0% 6% 12% ----------- ---------------- ------- -------- --------- ------ ------- -------- 1 10,500 500,000 500,000 500,000 8,824 9,286 9,749 2 21,525 500,000 500,000 500,000 16,875 18,309 19,799 3 33,101 500,000 500,000 500,000 24,027 26,951 30,109 4 45,256 500,000 500,000 500,000 30,296 35,229 40,771 5 58,019 500,000 500,000 500,000 37,379 44,848 53,582 6 71,420 500,000 500,000 500,000 44,272 54,821 67,663 7 85,491 500,000 500,000 500,000 51,410 65,620 83,635 8 100,266 500,000 500,000 500,000 58,362 76,840 101,234 9 115,779 500,000 500,000 500,000 65,135 88,505 120,644 10 132,068 500,000 500,000 500,000 71,733 100,643 142,074 15 226,575 500,000 500,000 585,419 103,660 172,151 293,131 20 (age 65) 347,193 500,000 500,000 953,118 131,621 262,571 541,447 25 501,135 500,000 591,821 1,484,178 153,793 376,481 944,145 30 697,608 500,000 731,440 2,261,638 166,309 514,385 1,590,497 35 948,363 500,000 889,599 3,430,800 163,894 679,360 2,619,999 40 1,268,398 500,000 1,070,676 5,198,691 136,517 875,331 4,250,190 45 1,676,852 500,000 1,284,847 7,915,576 61,973 1,107,538 6,823,227
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 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 ---------------------------------- ---------------------------------- PREMIUM ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS ACCUMULATED ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF 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 0 500,000 1,444,182 0 264,757 1,015,621 35 948,363 0 500,000 2,002,077 0 298,811 1,528,926 40 1,268,398 0 500,000 2,739,663 0 311,139 2,239,812 45 1,676,852 0 500,000 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 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 ---------------------------------- ---------------------------------- PREMIUM ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS ACCUMULATED ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF END OF AT 5% INTEREST POLICY YEAR PER YEAR 0% 6% 12% 0% 6% 12% ----------- ---------------- ------- -------- --------- ------ ------- -------- 1 10,500 500,000 500,000 500,000 9,058 9,527 9,998 2 21,525 500,000 500,000 500,000 17,278 18,739 20,257 3 33,101 500,000 500,000 500,000 24,821 27,808 31,033 4 45,256 500,000 500,000 500,000 31,526 36,583 42,260 5 58,019 500,000 500,000 500,000 39,032 46,713 55,683 6 71,420 500,000 500,000 500,000 46,391 57,265 70,484 7 85,491 500,000 500,000 500,000 53,981 68,661 87,236 8 100,266 500,000 500,000 500,000 61,373 80,494 105,680 9 115,779 500,000 500,000 500,000 68,625 92,840 126,055 10 132,068 500,000 500,000 500,000 75,690 105,678 148,528 15 226,575 500,000 500,000 500,000 109,820 181,095 306,772 20 (age 65) 347,193 500,000 500,000 699,742 138,576 275,168 573,559 25 501,135 500,000 500,000 1,178,905 158,369 393,941 1,016,298 30 697,608 500,000 586,900 1,873,187 163,677 548,504 1,750,642 35 948,363 500,000 782,266 3,124,325 144,131 745,015 2,975,548 40 1,268,398 500,000 1,035,423 5,227,794 62,026 986,117 4,978,852 45 1,676,852 0 1,337,129 8,603,015 0 1,273,456 8,193,348
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 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 ---------------------------------- ---------------------------------- PREMIUM ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS ACCUMULATED ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF 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 0 500,000 1,266,447 0 264,757 1,183,595 35 948,363 0 500,000 2,062,255 0 298,811 1,964,052 40 1,268,398 0 500,000 3,349,347 0 311,139 3,189,854 45 1,676,852 0 500,000 5,325,218 0 248,495 5,071,636
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 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 ---------------------------------- ---------------------------------- PREMIUM ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS ACCUMULATED ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF END OF AT 5% INTEREST POLICY YEAR PER YEAR 0% 6% 12% 0% 6% 12% ----------- ---------------- ------- -------- --------- ------ ------- -------- 1 10,500 500,000 500,000 500,000 9,058 9,527 9,998 2 21,525 500,000 500,000 500,000 17,278 18,739 20,257 3 33,101 500,000 500,000 500,000 24,821 27,808 31,033 4 45,256 500,000 500,000 500,000 31,526 36,583 42,260 5 58,019 500,000 500,000 500,000 39,032 46,713 55,683 6 71,420 500,000 500,000 500,000 46,391 57,265 70,484 7 85,491 500,000 500,000 500,000 53,981 68,661 87,236 8 100,266 500,000 500,000 500,000 61,373 80,494 105,680 9 115,779 500,000 500,000 500,000 68,625 92,840 126,055 10 132,068 500,000 500,000 500,000 75,690 105,678 148,528 15 226,575 500,000 500,000 611,750 109,820 181,095 306,315 20 (age 65) 347,193 500,000 500,000 993,087 138,576 275,168 564,153 25 501,135 500,000 614,097 1,535,941 158,369 390,651 977,073 30 697,608 500,000 748,764 2,314,036 163,677 526,568 1,627,346 35 948,363 500,000 894,538 3,451,379 144,131 683,132 2,635,714 40 1,268,398 500,000 1,044,161 5,070,969 62,026 853,654 4,145,771 45 1,676,852 0 1,196,919 7,363,225 0 1,031,744 6,347,100
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 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 ---------------------------------- ---------------------------------- PREMIUM ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS ACCUMULATED ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF 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 0 500,000 1,444,182 0 264,757 1,015,621 35 948,363 0 500,000 2,002,077 0 298,811 1,528,926 40 1,268,398 0 500,000 2,739,663 0 311,139 2,239,812 45 1,676,852 0 500,000 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. 8