EX-99.A(5)(I) 4 c69111ex99-a5i.txt ILLUSTRATIONS Exhibit A(5)(I) VARIABLE WHOLE LIFE INSURANCE POLICY MALE ISSUE AGE 35 $500 ANNUAL PREMIUM FOR SELECT UNDERWRITING RISK FACE AMOUNT $30,979 DIVIDENDS USED TO PURCHASE PAID-UP ADDITIONS
0% 6% 12% DEATH BENEFIT* DEATH BENEFIT* DEATH BENEFIT* ASSUMING HYPOTHETICAL ASSUMING HYPOTHETICAL ASSUMING HYPOTHETICAL PREMIUMS GROSS ANNUAL INVESTMENT GROSS ANNUAL INVESTMENT GROSS ANNUAL INVESTMENT ACCUMULATED RATE OF RETURN RATE OF RETURN RATE OF RETURN AT ---------------------------------------------------------------------------------------------- END OF 5% INTEREST BASE PAID-UP BASE PAID-UP BASE PAID-UP POLICY YEAR PER YEAR POLICY ADDITIONS TOTAL POLICY ADDITIONS TOTAL POLICY ADDITIONS TOTAL --------------------------------------------------------------------------------------------------------------------------- 1 525 30,979 73 31,052 30,982 73 31,055 31,010 73 31,083 2 1,076 30,979 163 31,142 30,993 167 31,160 31,126 172 31,298 3 1,655 30,979 267 31,246 31,011 282 31,293 31,329 297 31,626 4 2,263 30,979 383 31,362 31,036 416 31,452 31,622 450 32,072 5 2,901 30,979 510 31,489 31,068 570 31,638 32,010 633 32,643 6 3,571 30,979 671 31,650 31,107 769 31,876 32,497 875 33,372 7 4,275 30,979 843 31,822 31,153 991 32,144 33,086 1,158 34,244 8 5,013 30,979 1,021 32,000 31,206 1,233 32,439 33,780 1,483 35,263 9 5,789 30,979 1,202 32,181 31,265 1,495 32,760 34,584 1,852 36,436 10 6,603 30,979 1,389 32,368 31,330 1,780 33,110 35,502 2,272 37,774 15 11,329 30,979 2,306 33,285 31,742 3,479 35,221 41,995 5,243 47,238 20 (age 55) 17,360 30,979 3,050 34,029 32,283 5,574 37,857 52,271 10,165 62,436 30 (age 65) 34,880 30,979 3,841 34,820 33,684 11,460 45,144 89,102 31,998 121,100
0% 6% 12% CASH VALUE* CASH VALUE* CASH VALUE* ASSUMING HYPOTHETICAL ASSUMING HYPOTHETICAL ASSUMING HYPOTHETICAL PREMIUMS GROSS ANNUAL INVESTMENT GROSS ANNUAL INVESTMENT GROSS ANNUAL INVESTMENT ACCUMULATED RATE OF RETURN RATE OF RETURN RATE OF RETURN AT ---------------------------------------------------------------------------------------------- END OF 5% INTEREST BASE PAID-UP BASE PAID-UP BASE PAID-UP POLICY YEAR PER YEAR POLICY ADDITIONS TOTAL POLICY ADDITIONS TOTAL POLICY ADDITIONS TOTAL --------------------------------------------------------------------------------------------------------------------------- 1 525 91 18 109 98 18 116 105 18 123 2 1,076 418 43 461 453 44 497 489 46 535 3 1,655 736 74 810 820 78 898 908 82 990 4 2,263 1,046 109 1,155 1,199 119 1,318 1,368 129 1,497 5 2,901 1,361 151 1,512 1,605 169 1,774 1,884 187 2,071 6 3,571 1,666 205 1,871 2,024 235 2,259 2,449 268 2,717 7 4,275 1,961 266 2,227 2,455 313 2,768 3,066 366 3,432 8 5,013 2,247 333 2,580 2,899 402 3,301 3,739 484 4,223 9 5,789 2,523 404 2,927 3,357 503 3,860 4,475 623 5,098 10 6,603 2,790 482 3,272 3,828 618 4,446 5,277 789 6,066 15 11,329 3,980 932 4,912 6,393 1,406 7,799 10,540 2,120 12,660 20 (age 55) 17,360 4,929 1,424 6,353 9,312 2,603 11,915 18,647 4,747 23,394 30 (age 65) 34,880 6,018 2,316 8,334 16,017 6,910 22,927 49,435 19,295 68,730 ---------------------------
* Assumes no policy loan has been made. DIVIDENDS ILLUSTRATED ARE BASED ON CURRENT SCALE AND EXPERIENCE AND ARE NOT GUARANTEED. 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 AND THE DIFFERENT RATES OF RETURN OF THE FUND PORTFOLIOS. 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. 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 EXTRA ORDINARY VARIABLE LIFE INSURANCE POLICY MALE ISSUE AGE 35 $100,000 OF INSURANCE ($60,000 GUARANTEED MINIMUM + $40,000 OF EXTRA LIFE PROTECTION GUARANTEED FOR 27 YEARS (1)) ANNUAL PREMIUM FOR SELECT UNDERWRITING RISK: $1,014.00 (2) DIVIDENDS USED TO PURCHASE PAID-UP ADDITIONS (1) ASSUMING 0% HYPOTHETICAL GROSS ANNUAL INVESTMENT RATE OF RETURN
DEATH BENEFIT (3) CASH VALUE (3) -------------------------------------------------------------------------------------- PREMIUMS EXTRA LIFE PROTECTION ACCUMULATED -------------------------------------------------------- CASH CASH AT TOTAL MINIMUM VARIABLE VARIABLE VALUE VALUE OF TOTAL END OF 5% INTEREST DEATH DEATH INSURANCE PAID-UP TERM OF BASE PAID-UP CASH POLICY YEAR PER YEAR BENEFIT BENEFIT AMOUNT ADDITIONS INSURANCE POLICY ADDITIONS VALUE ------------------------------------------------------------------------------------------------------------------ 1 1,065 100,000 60,000 (45) 158 39,842 152 41 193 2 2,183 100,000 60,000 (218) 380 39,620 785 102 887 3 3,356 100,000 60,000 (508) 655 39,345 1,402 182 1,584 4 4,589 100,000 60,000 (903) 975 39,025 2,001 279 2,280 5 5,883 100,000 60,000 (1,399) 1,331 38,669 2,612 394 3,006 6 7,242 100,000 60,000 (1,986) 1,780 38,220 3,205 545 3,750 7 8,669 100,000 60,000 (2,655) 2,262 37,738 3,779 715 4,494 8 10,167 100,000 60,000 (3,397) 2,764 37,236 4,334 902 5,236 9 11,740 100,000 60,000 (4,204) 3,280 36,720 4,870 1,104 5,974 10 13,392 100,000 60,000 (5,068) 3,816 36,184 5,389 1,325 6,714 15 22,975 100,000 60,000 (10,031) 6,448 33,552 7,703 2,607 10,310 20 (age 55) 35,205 100,000 60,000 (15,602) 8,274 31,726 9,546 3,864 13,410 30 (age 65) 70,737 100,000 60,000 (26,833) 9,000 31,000 11,665 5,427 17,092 ----------------------------
(1) Extra Life Protection is guaranteed to be at least $40,000 for 27 years, so long as all premiums are paid when due, no policy loan is outstanding, all dividends are applied to purchase paid-up additions and no paid-up additions are surrendered for their cash value. Extra Life Protection is the sum of any positive variable insurance amount plus variable paid-up additions plus term insurance. (2) If premiums were paid monthly, the monthly payments would be $89.10. The death benefit and cash values would not be affected. (3) Assumes no policy loan has been made. (4) After the guaranteed period of 27 years for Extra Life Protection, the amount of term insurance depends on the dividend scale. The amount illustrated is based on current scale and experience and is not guaranteed. DIVIDENDS ILLUSTRATED ARE BASED ON CURRENT SCALE AND EXPERIENCE AND ARE NOT GUARANTEED. 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 AND THE DIFFERENT RATES OF RETURN OF THE FUND PORTFOLIOS. THE DEATH BENEFIT AND CASH VALUE FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RATE OF RETURN AVERAGED 0% OVER A PERIOD OF YEARS, BUT FLUCTUATED ABOVE OR BELOW THAT AVERAGE FOR INDIVIDUAL POLICY YEARS. NO REPRESENTATIONS CAN BE MADE THAT THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER A PERIOD OF TIME. 2 EXTRA ORDINARY VARIABLE LIFE INSURANCE POLICY MALE ISSUE AGE 35 $100,000 OF INSURANCE ($60,000 GUARANTEED MINIMUM + $40,000 OF EXTRA LIFE PROTECTION GUARANTEED FOR 27 YEARS (1)) ANNUAL PREMIUM FOR SELECT UNDERWRITING RISK: $1,014.00 (2) DIVIDENDS USED TO PURCHASE PAID-UP ADDITIONS (1) ASSUMING 6% HYPOTHETICAL GROSS ANNUAL INVESTMENT RATE OF RETURN
DEATH BENEFIT (3) CASH VALUE (3) -------------------------------------------------------------------------------------- PREMIUMS EXTRA LIFE PROTECTION ACCUMULATED -------------------------------------------------------- CASH CASH AT TOTAL MINIMUM VARIABLE VARIABLE VALUE VALUE OF TOTAL END OF 5% INTEREST DEATH DEATH INSURANCE PAID-UP TERM OF BASE PAID-UP CASH POLICY YEAR PER YEAR BENEFIT BENEFIT AMOUNT ADDITIONS INSURANCE POLICY ADDITIONS VALUE ------------------------------------------------------------------------------------------------------------------ 1 1,065 100,000 60,000 5 158 39,837 165 41 206 2 2,183 100,000 60,000 25 390 39,585 850 104 954 3 3,356 100,000 60,000 59 689 39,252 1,559 191 1,750 4 4,589 100,000 60,000 107 1,052 38,841 2,291 302 2,593 5 5,883 100,000 60,000 169 1,474 38,357 3,077 437 3,514 6 7,242 100,000 60,000 245 2,016 37,739 3,889 617 4,506 7 8,669 100,000 60,000 334 2,624 37,042 4,724 829 5,553 8 10,167 100,000 60,000 436 3,290 36,274 5,586 1,073 6,659 9 11,740 100,000 60,000 550 4,012 35,438 6,472 1,351 7,823 10 13,392 100,000 60,000 676 4,797 34,527 7,385 1,666 9,051 15 22,975 100,000 60,000 1,472 9,443 29,085 12,355 3,818 16,173 20 (age 55) 35,205 100,000 60,000 2,519 14,742 22,739 18,010 6,885 24,895 30 (age 65) 70,737 100,000 60,000 5,232 28,459 6,309 31,000 17,161 48,161 ---------------------------
(1) Extra Life Protection is guaranteed to be at least $40,000 for 27 years, so long as all premiums are paid when due, no policy loan is outstanding, all dividends are applied to purchase paid-up additions and no paid-up additions are surrendered for their cash value. Extra Life Protection is the sum of any positive variable insurance amount plus variable paid-up additions plus term insurance. (2) If premiums were paid monthly, the monthly payments would be $89.10. The death benefit and cash values would not be affected. (3) Assumes no policy loan has been made. (4) After the guaranteed period of 27 years for Extra Life Protection, the amount of term insurance depends on the dividend scale. The amount illustrated is based on current scale and experience and is not guaranteed. DIVIDENDS ILLUSTRATED ARE BASED ON CURRENT SCALE AND EXPERIENCE AND ARE NOT GUARANTEED. 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 AND THE DIFFERENT RATES OF RETURN OF THE FUND PORTFOLIOS. THE DEATH BENEFIT AND CASH VALUE FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RATE OF RETURN AVERAGED 6% OVER A PERIOD OF YEARS, BUT FLUCTUATED ABOVE OR BELOW THAT AVERAGE FOR INDIVIDUAL POLICY YEARS. NO REPRESENTATIONS CAN BE MADE THAT THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER A PERIOD OF TIME. 3 EXTRA ORDINARY VARIABLE LIFE INSURANCE POLICY MALE ISSUE AGE 35 $100,000 OF INSURANCE ($60,000 GUARANTEED MINIMUM + $40,000 OF EXTRA LIFE PROTECTION GUARANTEED FOR 27 YEARS (1)) ANNUAL PREMIUM FOR SELECT UNDERWRITING RISK: $1,014.00 (2) DIVIDENDS USED TO PURCHASE PAID-UP ADDITIONS (1) ASSUMING 12% HYPOTHETICAL GROSS ANNUAL INVESTMENT RATE OF RETURN
DEATH BENEFIT (3) CASH VALUE (3) -------------------------------------------------------------------------------------- PREMIUMS EXTRA LIFE PROTECTION ACCUMULATED -------------------------------------------------------- CASH CASH AT TOTAL MINIMUM VARIABLE VARIABLE VALUE VALUE OF TOTAL END OF 5% INTEREST DEATH DEATH INSURANCE PAID-UP TERM OF BASE PAID-UP CASH POLICY YEAR PER YEAR BENEFIT BENEFIT AMOUNT ADDITIONS INSURANCE POLICY ADDITIONS VALUE ------------------------------------------------------------------------------------------------------------------ 1 1,065 100,000 60,000 56 158 39,786 178 41 219 2 2,183 100,000 60,000 275 400 39,325 918 107 1,025 3 3,356 100,000 60,000 662 724 38,614 1,727 201 1,928 4 4,589 100,000 60,000 1,221 1,134 37,645 2,611 325 2,936 5 5,883 100,000 60,000 1,965 1,632 36,403 3,610 484 4,094 6 7,242 100,000 60,000 2,900 2,287 34,813 4,702 700 5,402 7 8,669 100,000 60,000 4,032 3,056 32,912 5,893 966 6,859 8 10,167 100,000 60,000 5,368 3,940 30,692 7,195 1,286 8,481 9 11,740 100,000 60,000 6,917 4,948 28,135 8,616 1,666 10,282 10 13,392 100,000 60,000 8,687 6,099 25,214 10,168 2,119 12,287 15 22,975 100,000 60,000 21,209 14,261 4,530 20,336 5,767 26,103 20 (age 55) 35,205 128,449 60,000 41,046 27,403 0 36,003 12,798 48,801 30 (age 65) 70,737 253,846 60,000 112,183 81,663 0 95,493 49,243 144,736 ---------------------------
(1) Extra Life Protection is guaranteed to be at least $40,000 for 27 years, so long as all premiums are paid when due, no policy loan is outstanding, all dividends are applied to purchase paid-up additions and no paid-up additions are surrendered for their cash value. Extra Life Protection is the sum of any positive variable insurance amount plus variable paid-up additions plus term insurance. (2) If premiums were paid monthly, the monthly payments would be $89.10. The death benefit and cash values would not be affected. (3) Assumes no policy loan has been made. DIVIDENDS ILLUSTRATED ARE BASED ON CURRENT SCALE AND EXPERIENCE AND ARE NOT GUARANTEED. 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 AND THE DIFFERENT RATES OF RETURN OF THE FUND PORTFOLIOS. THE DEATH BENEFIT AND CASH VALUE FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RATE OF RETURN AVERAGED 12% OVER A PERIOD OF YEARS, BUT FLUCTUATED ABOVE OR BELOW THAT AVERAGE FOR INDIVIDUAL POLICY YEARS. NO REPRESENTATIONS CAN BE MADE THAT THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER A PERIOD OF TIME. 4 SINGLE PREMIUM VARIABLE LIFE INSURANCE POLICY MALE ISSUE AGE 35 FACE AMOUNT $25,000 SINGLE PREMIUM FOR SELECT UNDERWRITING RISK: $6,443.25 DIVIDENDS USED TO PURCHASE PAID-UP ADDITIONS
0% 6% 12% DEATH BENEFIT* DEATH BENEFIT* DEATH BENEFIT* ASSUMING HYPOTHETICAL ASSUMING HYPOTHETICAL ASSUMING HYPOTHETICAL PREMIUMS GROSS ANNUAL INVESTMENT GROSS ANNUAL INVESTMENT GROSS ANNUAL INVESTMENT ACCUMULATED RATE OF RETURN RATE OF RETURN RATE OF RETURN AT ---------------------------------------------------------------------------------------- END OF 5% INTEREST BASE PAID-UP BASE PAID-UP BASE PAID-UP POLICY YEAR PER YEAR POLICY ADDITIONS TOTAL POLICY ADDITIONS TOTAL POLICY ADDITIONS TOTAL --------------------------------------------------------------------------------------------------------------------- 1 6,765 25,000 50 25,050 25,147 50 25,197 26,594 50 26,644 2 7,104 25,000 92 25,092 25,295 105 25,400 28,289 116 28,405 3 7,459 25,000 125 25,125 25,444 165 25,609 30,093 199 30,292 4 7,832 25,000 149 25,149 25,594 230 25,824 32,012 302 32,314 5 8,223 25,000 165 25,165 25,745 299 26,044 34,053 427 34,480 6 8,635 25,000 210 25,210 25,897 411 26,308 36,225 618 36,843 7 9,066 25,000 248 25,248 26,049 532 26,581 38,536 846 39,382 8 9,520 25,000 278 25,278 26,202 660 26,862 40,994 1,111 42,105 9 9,996 25,000 299 25,299 26,356 795 27,151 43,609 1,419 45,028 10 10,495 25,000 314 25,314 26,511 939 27,450 46,392 1,777 48,169 15 13,395 25,000 281 25,281 27,301 1,771 29,072 63,215 4,492 67,707 20 (age 55) 17,096 25,000 225 25,225 28,116 2,830 30,946 86,158 9,566 95,724 30 (age 65) 27,847 25,000 146 25,146 29,821 6,012 35,833 160,198 35,482 195,680
0% 6% 12% CASH VALUE* CASH VALUE* CASH VALUE* ASSUMING HYPOTHETICAL ASSUMING HYPOTHETICAL ASSUMING HYPOTHETICAL PREMIUMS GROSS ANNUAL INVESTMENT GROSS ANNUAL INVESTMENT GROSS ANNUAL INVESTMENT ACCUMULATED RATE OF RETURN RATE OF RETURN RATE OF RETURN AT ---------------------------------------------------------------------------------------- END OF 5% INTEREST BASE PAID-UP BASE PAID-UP BASE PAID-UP POLICY YEAR PER YEAR POLICY ADDITIONS TOTAL POLICY ADDITIONS TOTAL POLICY ADDITIONS TOTAL --------------------------------------------------------------------------------------------------------------------- 1 6,765 5,651 13 5,664 6,028 13 6,041 6,404 13 6,417 2 7,104 5,565 24 5,589 6,325 28 6,353 7,130 31 7,161 3 7,459 5,484 34 5,518 6,635 45 6,680 7,927 55 7,982 4 7,832 5,409 42 5,451 6,960 66 7,026 8,802 86 8,888 5 8,223 5,340 48 5,388 7,298 88 7,386 9,762 126 9,888 6 8,635 5,276 64 5,340 7,650 125 7,775 10,814 189 11,003 7 9,066 5,220 78 5,298 8,017 168 8,185 11,966 267 12,233 8 9,520 5,170 90 5,260 8,399 215 8,614 13,228 362 13,590 9 9,996 5,127 100 5,227 8,797 267 9,064 14,609 477 15,086 10 10,495 5,092 109 5,201 9,212 326 9,538 16,120 617 16,737 15 13,395 4,536 113 4,649 11,040 716 11,756 25,564 1,816 27,380 20 (age 55) 17,096 4,009 105 4,114 13,131 1,321 14,452 40,239 4,467 44,706 30 (age 65) 27,847 3,029 88 3,117 17,982 3,625 21,607 96,600 21,396 117,996 ---------------------------
* Assumes no policy loan has been made. DIVIDENDS ILLUSTRATED ARE BASED ON CURRENT SCALE AND EXPERIENCE AND ARE NOT GUARANTEED. 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 AND THE DIFFERENT RATES OF RETURN OF THE FUND PORTFOLIOS. 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. 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. VLA 159172 5