EX-99.(D) I 2 app10035494x1_ex99di.htm FORM OF FLEXIBLE PREMIUM ADJUSTABLE VARIABLE LIFE INSURANCE POLICY

Item 30. Exhibit (d) i.

C.M. Life Insurance Company C.M. Life Insurance Company
A STOCK COMPANY Home Office: Hartford, Connecticut
Administrative Office: Springfield,
Massachusetts

Flexible Premium Adjustable Variable Life Insurance Policy

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INSURED JOHN A. DOE
POLICY DATE JULY 1, 1998 POLICY NUMBER 123456789
ISSUE DATE JULY 1, 1998 INITIAL FACE AMOUNT $500,000

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Dear Policy Owner:

READ YOUR POLICY CAREFULLY. It has been written in readable language to help
you understand its terms. We have used examples to explain some of its
provisions. These examples do not reflect the actual amounts or status of this
policy. As you read through the policy, remember the words "we," "us," and "our"
refer to C.M. Life Insurance Company.

We will, subject to the terms of this policy, pay the death benefit to the
Beneficiary when due proof of the Insured's death is received at our
Administrative Office.

The terms of this policy are contained on this and the following pages. For
service and information on this policy, contact the agent who sold the policy,
any of our agency offices, or our Administrative Office.

YOU HAVE THE RIGHT TO RETURN THIS POLICY. If you decide not to keep this policy,
return it within 10 days after you receive it. It may be returned by delivering
or mailing it to our Administrative Office, to any of our agency offices, or to
the agent who sold the policy. Then, the policy will be as though it had never
been issued. We will promptly refund (a) any premium paid for this policy, plus
(b) interest credited to this policy under the Guaranteed Principal Account,
plus or minus (c) an amount that reflects the investment experience of the
investment divisions of the Separate Account under this policy to the date the
policy is received by us, minus (d) any amounts withdrawn and any policy debt.

Signed for C.M. Life Insurance Company.

Sincerely yours,

/s/ [SIGNATURE APPEARS HERE] /s/ Ann F. Lomeli
PRESIDENT SECRETARY

This Policy provides that: A death benefit is payable when the Insured dies.
Within specified limits, flexible premiums may be
paid during the Insured's lifetime.
No dividends will be paid.

The amount of death benefit and the duration of insurance coverage may be fixed
or variable as described in Parts 3 and 5.
The variable account value of the policy may increase or decrease in accordance
with the experience of the Separate Account. There are no minimum guarantees as
to the variable account value. The fixed account value of the policy earns
interest at a rate not less than the minimum described in the Interest On Fixed
Account Value provision.

Policy Summary

This Summary briefly describes some of the major policy provisions. Since it
does not go into detail, the actual provisions will prevail. See the provisions
for full information and any limits that may apply. The "Table Of Contents"
shows where the provisions may be found.

This is a variable universal life insurance policy. We will pay a death benefit
if the Insured dies while the policy is in force. "In force" means that the
insurance has not terminated. "Variable" means that values depend on the
investment performance of the Separate Account shown in the Policy
Specifications and are not guaranteed as to dollar amount. "Universal life"
means that, subject to the limits and conditions stated in the policy, the
amount of insurance may be adjusted and flexible premium payments may be made.

Premiums for this policy are flexible. After the first premium has been paid,
there is no requirement that any specific amount of premium be paid on any date.
Instead, within the limits stated in the policy, any amount may be paid on any
date during the lifetime of the Insured.

Premiums are applied to increase the value of this policy. Monthly charges are
deducted from the value of this policy each month. If the value cannot cover the
monthly charges for a month and premiums paid do not meet certain requirements,
the policy may terminate at the end of 62 days. There is, however, a right to
reinstate the policy.

Other rights available while the Insured is living include the rights to:

. Change the Owner or any Beneficiary;
. Assign this policy;
. Change the Face Amount;
. Change the Death Benefit Option;
. Make loans;
. Make withdrawals;
. Surrender this policy;
. Allocate net premiums among the Guaranteed Principal Account and
the divisions of the Separate Account; and
. Transfer values between the Guaranteed Principal Account and the
divisions of the Separate Account.

This policy also includes a number of Payment Options. They provide alternate
ways for us to pay the death benefit or the amount payable upon surrender of the
policy.

TABLE OF CONTENTS

Policy Specifications
Page No.
-------
Part 1. - The Basics Of This Policy................................... 1
The Parties Involved - Owner, Insured, Beneficiary,
Irrevocable Beneficiary......................................... 1
Dates - Policy Date, Policy Anniversary Date, Policy Year,
Monthly Charge Date, Issue Date, Valuation Date, Valuation
Period, Valuation Time, Register Date........................... 2
Policy A Legal Contract........................................... 2
Policy Is Not Participating....................................... 2
Representations And Contestability................................ 3
Misstatement Of Age Or Gender..................................... 3
Death By Suicide.................................................. 3
Meaning Of In Force............................................... 4
Face Amount....................................................... 4
Year Of Coverage.................................................. 4
Ages - Issue Age, Attained Age.................................... 4
Written Request................................................... 4
Currency.......................................................... 4
Administrative Office............................................. 4

Part 2. - Premium Payments............................................ 4
The First Premium................................................. 4
Planned Premiums.................................................. 5
Premium Flexibility And Premium Notices........................... 5
Where To Pay Premiums............................................. 5
Right To Refund Premiums.......................................... 5
Net Premium....................................................... 5
Allocation Of Net Premiums........................................ 6

Part 3. - Accounts, Values, And Charges............................... 6
The Separate Account And The Guaranteed Principal Account........... 7
The Separate Account.............................................. 7
Changes In The Separate Account................................... 7
Accumulation Units................................................ 7
Purchase And Sale Of Accumulation Units........................... 7
The Guaranteed Principal Account.................................. 8
Values Of This Policy............................................... 8
Account Value Of Policy........................................... 8
Variable Account Value Of Policy.................................. 8
Fixed Account Value Of Policy..................................... 9
Interest On Fixed Account Value................................... 9
Monthly Policy Charges.............................................. 9
Monthly Charges................................................... 9
Administrative Charge............................................. 10
Face Amount Charge................................................ 10
Insurance Charge................................................. 10
Rider Charge..................................................... 11
Grace Period And Termination..................................... 11
Safety Test...................................................... 12

Part 4. - Life Benefits.............................................. 13
Policy Ownership................................................... 13
Rights Of Owner.................................................. 13
Changing The Owner Or Beneficiary................................ 13
Transfers Of Values.............................................. 13
Assigning This Policy............................................ 14
Right To Change The Face Amount.................................... 14
Increases In The Face Amount..................................... 14
Decreases In The Face Amount..................................... 15
Evidence Of Changes.............................................. 15
Borrowing Against This Policy...................................... 15
Right To Make Loans.............................................. 15
Effect Of Loan................................................... 15
Maximum Loan Available........................................... 16
Interest On Loans................................................ 16
Policy Debt Limit................................................ 17
Repayment Of Policy Debt......................................... 17
Other Borrowing Rules............................................ 17
Surrendering This Policy And Making Withdrawals.................... 18
Right To Surrender............................................... 18
Net Surrender Value.............................................. 18
Making Withdrawals............................................... 18
How We Pay....................................................... 19
Reinstating This Policy............................................ 19
When Reinstatement Can Be Made................................... 19
Requirements To Reinstate........................................ 20
Policy After Reinstatement....................................... 20
Reports to Owner................................................... 20
Annual Report.................................................... 20

Part 5. - The Death Benefit.......................................... 20
Amount Of Death Benefit.......................................... 20
Death Benefit Options............................................ 21
Minimum Death Benefit............................................ 21
Changes In The Death Benefit Option.............................. 21
When We Pay...................................................... 22
Interest On Death Benefit........................................ 22

Part 6. - Payment Options............................................ 22
Availability Of Options.......................................... 22
Minimum Amounts.................................................. 23
Description Of Options........................................... 23

TABLE OF CONTENTS (continued)

Options 1, 2, 3, 4, 5, 6......................................... 23
Alternate Life Income............................................ 24
Electing A Payment Option........................................ 24
Effective Date And Payment Dates................................. 24
Withdrawals And Changes.......................................... 24
Income Protection................................................ 24
Other Payment Option Rules....................................... 24

Part 7. - Notes On Our Computations................................. 25
Net Investment Factor........................................... 25
Accumulation Unit Value......................................... 25
Adjustment Of Units And Values.................................. 26
Basis Of Computation............................................ 26
Method Of Computing Values...................................... 26
Payment Option Rates Tables......................................... 27-33

Any riders and endorsements, and a copy of the application for the policy,
follow page 33.

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For additional important terms used in this policy, see the following
provisions:

Term Provision Page No.
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Death Benefit Factor Minimum Death Benefit 21
Expense Premium Net Premium 5
Guarantee Periods Safety Test 12
Guarantee Premiums Safety Test 12
Insurance Risk Insurance Charge 10
Loan Interest Rate Expense Charge Interest On Fixed Account Value 9
Minimum Annual Interest Rate For The Interest On Fixed Account Value 9
Guaranteed Principal Account
Borrowing Against This Policy Right To Make Loans 15
Premium Expense Charge Net Premium 5
Separate Account Charge For Mortality Net Investment Factor 25
And Expense Risk
Surrender Charges Net Surrender Value 18
Withdrawal Fee Making Withdrawals 18

Part 1. The Basics Of This Policy

In this Part, we discuss some definitions and insurance concepts necessary to
understand this policy. The words "we," "us," and "our" refer to C.M. Life
Insurance Company.

The Parties The Owner is the person who owns this policy, as
Involved - shown in our records. The Owner has the right to
Owner, Insured, exercise rights and privileges and to receive
Beneficiary, benefits under the terms of this policy during the
Irrevocable lifetime of the Insured. If the Owner designated
Beneficiary under the terms of this policy is not living and if
the policy does not provide otherwise, the Owner will
be the estate of the last Owner to die.

For more information about the rights and benefits
available to the Owner, see the "Policy Ownership"
section in Part 4.

The Insured is the person whose life this policy
insures. The Insured may be the Owner of this policy,
or someone else may be the Owner.

Example: You buy a policy that insures your own
life and name yourself as Owner. In
this case, you are both the Insured and
the Owner. If you buy a policy that
insures your son and name yourself as
Owner, then the Insured and the Owner
are different people.

A Beneficiary is any person named in our records to
receive the death benefit after the Insured dies.
There may be different classes of Beneficiaries, such
as primary and secondary. These classes set the order
of payment. There may be more than one Beneficiary in
a class.

Example: Elizabeth is named as primary (first)
Beneficiary. Rachel and David are named
as Beneficiaries in the secondary
class. If Elizabeth is alive when the
Insured dies, she receives the death
benefit. If Elizabeth is not alive but
Rachel and David are alive when the
Insured dies, Rachel and David receive
the death benefit.

Any Beneficiary may be named an Irrevocable
Beneficiary. An Irrevocable Beneficiary is one whose
consent is needed to change that Beneficiary. Also,
this Beneficiary must consent to the exercise of
certain other policy rights.

If no Beneficiary designated under this policy
survives the Insured, the Beneficiary will be the
Owner unless the policy states otherwise. The
interest of any Beneficiary will be subject to any
assignment of this policy that is binding on us and
to any payment option in effect at the time of the
Insured's death.

See the "Policy Ownership" section in Part 4, and see
"Part 6. - Payment Options."

Page 1

Dates - Policy Date, The Policy Date is shown in the Policy
Policy Anniversary Specifications. It is the starting point for
Date, Policy Year, determining Policy Anniversary Dates, Policy Years,
Monthly Charge and Monthly Charge Dates. The first Policy
Date, Issue Date, Anniversary Date is one year after the Policy Date.
Valuation Date, The period from the Policy Date to the first Policy
Valuation Period, Anniversary Date, or from one Policy Anniversary Date
Valuation Time, to the next, is called a Policy Year.
Register Date
The Monthly Charge Dates are the dates on which we
deduct monthly charges for this policy. The first
Monthly Charge Date is the Policy Date. Subsequent
Monthly Charge Dates are the same day of each month
thereafter.

Example: The Policy Date is June 10, 19X7. The
first Policy Anniversary Date is one
year later, June 10, 19X8. The period
from June 10, 19X7, through June 9,
19X8, is a Policy Year. The first
Monthly Charge Date is June 10, 19X7.
The next Monthly Charge Date is one
month later, July 10, 19X7.

The Issue Date is also shown in the Policy
Specifications. The Issue Date starts the
contestability and suicide periods. We discuss
contestability and suicide later in this Part.

A Valuation Date is any date on which the New York
Stock Exchange (or its successor) is open for
trading. A Valuation Period is the period of time
from the end of one Valuation Date to the end of the
next Valuation Date. A Valuation Time is the time the
New York Stock Exchange (or its successor) closes on
a Valuation Date. All actions that are to be
performed on a Valuation Date will be performed as of
the Valuation Time.

The Register Date is the date on which we first
allocate net premium payments for this policy among
the Guaranteed Principal Account and the divisions of
the Separate Account. It is the Valuation Date that
is on, or next follows, the later of:

. The day after the Issue Date; and
. The day we receive the first premium for
this policy at our Administrative Office.

Policy A Legal This policy is a legal contract between the Owner and
Contract us. The entire contract consists of Contract the
policy, which includes the application and any
rider(s) and endorsement(s) the policy has. We have
issued this policy in return for the application and
the payment of the first premium. Any changes or
waiver of its terms must be in writing and signed by
our Secretary or an Assistant Secretary to be valid.

A copy of the initial application is attached to and
made a part of this policy. Any subsequent
applications requesting changes in the policy also
will become part of the contract; copies of any such
applications will be sent to the Owner for attachment
to the policy.

Policy Is Not This policy is "not participating," which means
Participating that no dividends are payable on this policy.

Page 2

Representations We rely on all statements made by or for the Insured
And in the application(s). Legally, those statements are
Contestability considered to be representations and not warranties.
We can bring legal action to contest the validity of
this policy, or any policy change requiring evidence
of insurability, for any material misrepresentation
of a fact. To do so, however, the misrepresentation
must have been in the initial application or in a
subsequent application, and a copy of that
application must have been attached to (or sent to
the Owner for attachment to) and made a part of this
policy. The initial Policy Specifications are
attached to this policy when issued. If a policy
change is made, we will send to the Owner any revised
or additional Policy Specifications for attachment to
the policy.

Except for any policy change or reinstatement
requiring evidence of insurability, we cannot contest
the validity of this policy after it has been in
force during the lifetime of the Insured for 2 years
after its Issue Date.

For any policy change requiring evidence of
insurability, we cannot contest the validity of the
change after it has been in effect for 2 years during
the lifetime of the Insured.

If evidence of insurability is required to reinstate
this policy (see "Reinstating This Policy" in Part
4), our right to contest the validity of this policy
begins again on the date of reinstatement. We cannot
contest the reinstated policy after it has been in
force during the lifetime of the Insured for 2 years
after that reinstatement date.

Misstatement Of If the Insured's date of birth or gender as given in
Age Or Gender the application is not correct, the Face Amount
(discussed in this Part) will be adjusted. The
adjustment will reflect the amount provided by the
most recent monthly insurance charges using the
correct age and gender. If the adjustment is made
while the Insured is living, monthly charges after
the adjustment will be based on the correct age and
gender.

Death By Suicide If the Insured commits suicide, while sane or insane,
within 2 years after the Issue Date of this policy
and while the policy is in force, this policy will
terminate. In this case, we will refund the amount of
premiums paid for this policy, less any amounts
withdrawn and less any policy debt.

If the Insured commits suicide, while sane or insane,
within 2 years after this policy is reinstated and
while the policy is in force, this policy will
terminate. In this case, we will refund any amount
paid to reinstate this policy and any premiums paid
thereafter, less any amounts withdrawn and less any
policy debt.

If the Insured commits suicide, while sane or insane,
within 2 years after the effective date of any
increase in the Face Amount, the increase will
terminate. In this case, we will refund the monthly
charges made for that increase. However, if a refund
as described in either of the two preceding
paragraphs is payable, there will be no additional
refund for the increase.

Monthly charges are discussed in Part 3. Withdrawals,
policy debt, and reinstatement are discussed in Part
4.

Page 3

Meaning Of "In force" means that the insurance provided by this
In Force policy is in effect and has not terminated. This
policy will be in force from its Issue Date or, if
later, the date the first premium is paid.

This policy will continue in force to the Insured's
death unless:

. The Insured commits suicide within 2 years
after the Issue Date or the date the policy is
reinstated;
. The policy terminates under the terms of the
Grace Period And Termination provision in Part 3;
. The policy terminates because the policy debt
limit is reached; or
. The policy is surrendered.

Policy debt and surrender are discussed in Part 4.

Face Amount The Face Amount is the amount of insurance coverage
this policy provides while the policy is in force.
The Initial Face Amount is the Face Amount on the
Policy Date.

Year Of Coverage For the Initial Face Amount, each Policy Year is a
year of coverage. If the Face Amount of this policy
has been increased (as discussed in Part 4), years of
coverage for each increase will be measured from the
effective date of the increase.

Ages - Issue Age, The Issue Age of the Insured (shown in the Policy
Attained Age Specifications) is the age of the Insured on the
birthday nearest the Policy Date.

Example: Elizabeth's 32nd birthday was May 12th.
The Policy Date is today, December 1.
Since December 1 is closer to her 33rd
birthday, her Issue Age will be 33.

The Attained Age of the Insured is the Insured's
Issue Age increased by the number of full Policy
Years elapsed.

Written Request A "written request" is a request in writing, in a
form satisfactory to us, received by us at our
Administrative Office.

Currency All payments made to us and by us will be in the
lawful currency of the United States of America. All
monetary amounts shown in this policy are in U.S.
dollars.

Administrative Our Administrative Office is in Springfield,
Office Massachusetts. The address is C.M. Life Insurance
Company, 1295 State Street, Springfield,
Massachusetts 01111-0001.

Part 2. Premium Payments

Premiums are the payments that may be paid to us to increase the account value
of this policy; they also may be needed to keep this policy in force. Premiums
for this policy are discussed in this Part.

The First Premium The first premium for this policy is shown in the
Policy Specifications. It is due on the Policy Date.
This policy will not be in force until the first
premium has been paid.

Page 4

Planned Premiums The planned premium for this policy is shown in the
Policy Specifications. The frequency of planned
premiums for this policy is as elected in the
application. The frequency and amount of the planned
premium may be changed by written request; the
frequency may be quarterly, semiannually, or
annually.

We also provide a pre-authorized payment plan. This
plan, and any other alternate premium plans we
provide, are governed by the rules we set.

If continued payment of the planned premium during a
Policy Year would exceed the Limit On Premium
Payments for the Year shown in the Policy
Specifications, we may decrease the planned premium
to an amount that would not exceed that Limit.

If premium payments are discontinued, we will
continue to deduct monthly charges from the account
value and the policy will stay in force subject to
the Grace Period And Termination provision in Part 3.

Premium Flexibility After the first premium has been paid, there is no
And Premium Notices requirement that any amount of And Premium premium be
paid on any date. Subject to the Limit On Premium
Payments shown Notices in the Policy Specifications
and while this policy is in force, any amount of
premium may be paid at any time while the Insured is
living. However, each premium paid must be at least
$20 or, if greater, the amount needed to prevent
termination, as discussed in the Grace Period And
Termination provision.

We will send premium notices for the planned premium
based on the amount and frequency in effect. We will
stop sending notices for the planned premium upon
receipt of the Owner's written request to do so.

Where To Pay All premiums after the first premium are payable to
Premiums us at our Administrative Office or at the place shown
for payment on the premium notice. Upon request, a
receipt signed by our Secretary or an Assistant
Secretary will be given for any premium payment.

Right To Refund We have the right to refund any amount of premium
Premiums paid in a Policy Year that exceeds the Limit On
Premium Payments for the Year shown in the Policy
Specifications.

A Limit On Total Premium Payments also may be stated
in the Policy Specifications. If such a Limit is
stated, we will automatically refund the amount of
any premium paid that exceeds that Limit.

Net Premium A net premium is a premium payment we receive for
this policy less the premium expense charge we deduct
at that time. The Maximum Premium Expense Charge we
can deduct from each premium payment is shown in the
Policy Specifications.

We credit each net premium to the account value of
this policy on the date we receive the premium
payment. However, for any premium payment received
before the Policy Date, the net premium will be
credited to the account value as of the Policy Date.

Page 5

If the Face Amount of this policy has been increased
(as discussed in Part 4), premium payments received
once an increase becomes effective will be allocated
to each segment of the Face Amount. (The Initial Face
Amount is one "segment"; each increase in the Face
Amount is a separate "segment.") This may affect the
premium expense charge deducted from premium
payments. The premium allocation will be made on a
pro rata basis using the Expense Premium for each
segment. The Expense Premium for each segment of the
Face Amount is shown with its Table Of Maximum
Monthly Insurance Charges in the Policy
Specifications.

Example: The Initial Face Amount of your policy
is $500,000; the Expense Premium for it
is $4,000. You later increase the Face
Amount by $700,000, to $1,200,000; the
Expense Premium for that increase is
$6,000. The sum of the Expense Premiums
is $10,000. Thereafter while the Face
Amount remains at $1,200,000, each
premium payment will be allocated 40%
(4,000 divided by 10,000) to the
Initial Face Amount and 60% (6,000
divided by 10,000) to the increase.

Allocation Of Net Each net premium we receive on or before the Issue
Premiums Date will be allocated to the Guaranteed Principal
Account. On the Register Date, any fixed value of
this policy will be allocated among the Guaranteed
Principal Account and the divisions of the Separate
Account, according to the net premium allocation in
effect on the Register Date. Fixed account value is
discussed in Part 3.

Each net premium we receive after the Issue Date will
be allocated according to the net premium allocation
in effect on the date of receipt.

The net premium allocation is specified at the time
of application for this policy. Changes in the net
premium allocation are subject to any limitations
stated in the Policy Specifications. Subject to those
limitations, the allocation may be changed by any
later election satisfactory to us and received at our
Administrative Office.

The amount of each net premium we receive for this
policy for allocation to a division of the Separate
Account will be applied to purchase accumulation
units for this policy in that division. See the
Purchase And Sale Of Accumulation Units provision in
Part 3.

Part 3. Accounts, Values, And Charges

This policy provides that certain values (referred to as the variable account
values) are based on the investment performance of the Separate Account and are
not guaranteed as to dollar amount. This policy also provides that other values
(referred to as the fixed account values) are based on the interest credited to
the Guaranteed Principal Account. The account value of this policy is the
variable account value plus the fixed account value. This Part gives information
about the Separate Account, the Guaranteed Principal Account, and the values and
monthly charges connected with them.

Page 6

The Separate Account And The Guaranteed Principal
Account

The Separate The Separate Account shown in the Policy
Account Specifications is a designated segment of the
separate investment account we have established under
Connecticut law. It is also subject to the laws of
the state in which this policy was delivered.

The Separate Account has a number of divisions. Each
division invests in shares of an investment Fund. The
divisions are shown in the Policy Specifications.

The values of the assets in the divisions are
variable and are not guaranteed. They depend on the
investment results of the Separate Account shown in
the Policy Specifications.

We own the assets of the Separate Account. Those
assets will be used only to support variable life
insurance policies. That portion of the assets equal
to the reserves and other liabilities of the Separate
Account will not be charged with liabilities that
arise from any other business we may conduct.
However, we may transfer to our general account any
assets exceeding the reserves and other liabilities
of the Separate Account. The income and the realized
and unrealized capital gains and losses from each
division of the Separate Account are credited to or
charged against that division without regard to any
of our other income, capital gains, or capital
losses. The assets of the Separate Account are
protected from the claims of our creditors.

Changes In The We have the right to establish additional divisions
Separate Account of the Separate Account from time to time. Amounts
credited to any additional divisions established
would be invested in shares of other Funds. For any
division, we have the right to substitute new Funds.
We also have the right to close any division to new
investments.

Subject to applicable provisions of federal
securities laws, we have the right to change the
investment policy of any division of the Separate
Account.

We have the right to operate the Separate Account as
a unit investment trust under the Investment Company
Act of 1940 or in any other form permitted by law.

Accumulation Units Accumulation units are used to measure the variable
account value of this policy. The value of a unit is
determined as of the Valuation Time on each Valuation
Date for valuation of the Separate Account. The value
of any unit can vary from Valuation Date to Valuation
Date. That value reflects the investment performance
of the division of the Separate Account applicable to
that unit. The value of accumulation units is
discussed further in Part 7.

Purchase And Sale Amounts are credited to and taken from divisions of
Of Accumulation the Separate Account by purchasing and selling
Units accumulation units. Accumulation units will be
purchased and sold at the unit value as of the
Valuation Time on the Valuation Date of purchase or
sale. The number of units purchased or sold will be
the amount of money for purchase or sale divided by
that unit value.

Page 7

Example: The amount applied is $550. The date of
purchase is June 10, 19X6. The
accumulation unit value on that date is
$10. The number of units purchased
would be 55 ($550 divided by $10 = 55).
If, instead, the unit value was $11,
then the amount applied would purchase
50 units ($550 divided by $11 = 50).

If we receive a premium or a written request that
causes us to purchase or sell accumulation units, and
we receive that premium or request before the
Valuation Time on a Valuation Date, accumulation
units will be purchased or sold as of that Valuation
Date. Otherwise, accumulation units will be purchased
or sold as of the next following Valuation Date.

At the Owner's request, we will purchase or sell
accumulation units as of a later Valuation Date.

In no case will accumulation units be purchased or
sold before the Register Date.

The Guaranteed The Guaranteed Principal Account is part of our
Principal Account general account. It has no connection with, and does
not depend on, the investment performance of the
Separate Account. We have a right to establish
additional guaranteed accounts from time to time.

Values Of This Policy

Account Value Of The account value of this policy on any date is the
Policy variable account value of this policy plus the fixed
account value of this policy, both determined as of
that date.

Variable Account The variable account value of this policy reflects:
Value Of Policy
. The net premiums for this policy allocated to the
Separate Account;
. Any amounts for this policy transferred into the
Separate Account from the Guaranteed Principal
Account;
. Any amounts transferred or withdrawn from the
Separate Account for this policy;
. Any surrender charges for this policy deducted
from the Separate Account due to any decreases in
the Face Amount;
. Any monthly charges for this policy deducted from
the Separate Account; and
. The net investment experience of the Separate
Account.

Net premiums, transfers, withdrawals, surrender
charges, and monthly charges are all reflected in the
variable account value through the purchase or sale
of accumulation units. The net investment experience
is reflected in the value of the accumulation units.
Net premiums are discussed in Part 2, and monthly
charges are discussed in this Part. Transfers,
withdrawals, and surrender charges are discussed in
Part 4.

The value of the accumulation units credited to this
policy in a division of the Separate Account is equal
to the accumulation unit value in that division on
the date the value is determined, multiplied by the
number of those units in that division.

Page 8

The variable account value of this policy on any date
is the total of the values of the accumulation units
credited to this policy in each division of the
Separate Account.

Fixed Account Value The fixed account value of this policy is the
Of Policy accumulation at interest of:

. The net premiums for this policy allocated to the
Guaranteed Principal Account; plus
. Any amounts for this policy transferred into the
Guaranteed Principal Account from the Separate
Account; less
. Any amounts for this policy transferred or
withdrawn from the Guaranteed Principal Account;
less
. Any surrender charges for this policy deducted
from the Guaranteed Principal Account due to any
decreases in the Face Amount; and less
. Any monthly charges for this policy deducted from
the Guaranteed Principal Account.

Interest On Fixed The fixed account value of this policy earns interest
Account Value at an effective annual rate defined in this
provision. Interest is credited daily through the
date the fixed account value is computed.

For any fixed account value equal to the amount of
any policy loan, the interest rate we use will be the
daily equivalent of the greater of:

. The annual loan interest rate in effect during the
current Policy Year less the loan interest rate
expense charge; and
. The Minimum Annual Interest Rate For The
Guaranteed Principal Account.

The loan interest rate is discussed in the Interest
On Loans provision in Part 4. The Maximum Loan
Interest Rate Expense Charge and the Minimum Annual
Interest Rate For The Guaranteed Principal Account
are shown in the Policy Specifications.

For any fixed account value in excess of the amount
of any policy loan, the interest rate we use will be
the daily equivalent of the greater of:

. The Minimum Annual Interest Rate For The
Guaranteed Principal Account; and
. An alternate annual rate established by us. The
alternate annual rate of interest will reflect
our expectations for future investment results,
profits, and expenses. This rate will be declared
for each calendar month in advance; once declared
for a month, it cannot be changed.

Monthly Policy Charges

Monthly Charges Charges will be deducted monthly from the
account value of this policy. Monthly charges are due
on each Monthly Charge Date.

Page 9

Monthly charges for this policy will be taken from
the divisions of the Separate Account and from the
Guaranteed Principal Account in proportion to the
values of this policy in each of those divisions and
in the Guaranteed Principal Account (excluding
outstanding policy loans). Deductions will be made,
and values will be determined, on the Valuation Date
that is on, or next follows, the latest of:

. The Register Date;
. The date the charges are due; and
. The date we receive the amount of premium needed
to prevent termination, as discussed in the Grace
Period And Termination provision in this Part.

We assess four types of monthly charges: an
administrative charge, a face amount charge, an
insurance charge, and a rider charge; each is
discussed in this section.

Administrative The amount of the monthly administrative charge will
Charge be determined by us. However, it will not exceed the
Maximum Monthly Administrative Charge shown in the
Policy Specifications.

Face Amount The amount of the monthly face amount charge will be
Charge determined by us. However, it will not exceed the
result of:

. The Face Amount divided by 1,000; then multiplied
by
. The Maximum Monthly Face Amount Charge for the
year of coverage. These maximum charges are shown
in the Policy Specifications.

If the Face Amount of the policy has been increased
(as discussed in Part 4), the face amount charge for
each month will be the sum of the charges determined
separately for each segment of the Face Amount.

Insurance Charge The maximum monthly insurance charge rates per
$1,000 of insurance risk are shown in the Table(s) Of
Maximum Monthly Insurance Charges of the Policy
Specifications. Maximum monthly insurance charge
rates for the Initial Face Amount and for each Face
Amount increase will be shown in a separate table.

The insurance risk is computed as of the date the
charge is due. All amounts are calculated as of that
date. The insurance risk is determined by the
following steps.

(a) We compute the account value of this policy after
all additions and deductions other than the
deduction of the insurance charge and the rider
charge for any disability benefit rider.
(b) We determine the amount of benefit under the
Death Benefit Option in effect (as discussed in
Part 5). The minimum death benefit (discussed in
Part 5) used here is based on the account value
computed in (a).
(c) We divide the amount of benefit determined in (b)
by 1 plus the monthly equivalent (expressed as a
decimal fraction) of the Minimum Annual Interest
Rate For The Guaranteed Principal Account shown
in the Policy Specifications.
(d) We subtract the account value, as computed in
(a), from the amount determined in (c). The
result is the insurance risk.

Page 10

If there is more than one table of maximum monthly
insurance charges, the pro rata insurance risk
allocated to each table will be based on the
proportionate amount of Face Amount for the table to
the total Face Amount. If the insurance risk is
increased due to the minimum death benefit (discussed
in Part 5), the table that applies to the most recent
increase requiring evidence of insurability will be
used for such increase.

Example: The Initial Face Amount of your
policy is $500,000. You later
increase the Face Amount by
$250,000. The Death Benefit Option
is 1, and the benefit under Death
Benefit Option 1 is $750,000. The
pro rata portion of insurance risk
to be allocated to the table for the
Initial Face Amount is $500,000
divided by $750,000, or two-thirds.
The pro rata portion to be allocated
to the table for the increase is
$250,000 divided by $750,000, or
one-third.

The insurance risk is computed as
$600,000. The maximum monthly
insurance charge per $1,000 of
insurance risk will be based on the
charge for an amount equal to
two-thirds of $600,000, or $400,000,
from the Initial Face Amount and an
amount equal to one-third of
$600,000, or $200,000, from the
increase.

Suppose instead that the benefit
under Death Benefit Option 1 is
$810,000 due to the minimum death
benefit and that the insurance risk
is $660,000. Then the maximum
monthly insurance charge per $1,000
of insurance risk will be based on
the charge for an amount equal to
$400,000 from the Initial Face
Amount and an amount equal to
$260,000 from the increase ($200,000
plus the $60,000 due to the minimum
death benefit).

We may charge less than the maximum monthly insurance
charges shown in the table(s). In this case, the
monthly insurance charge rates will be based on our
expectations for future mortality, investment,
persistency and expense results, and future profits.
The expense component of these rates is used to
offset sales and issue expenses, which decrease over
time. Any change in these charges will apply to all
individuals in the same class.

Rider Charge The monthly rider charge is the sum of the
monthly charges for any riders in effect on the
Monthly Charge Date. The monthly charges for any
rider are shown in the Policy Specifications for the
rider.

Grace Period This policy may terminate without value if its
And Termination "policy value" on a Monthly Charge Date cannot cover
the monthly charges due and the safety test is not
met on that Date. However, we allow a grace period
for payment of the amount of premium (not less than
$20) needed to avoid termination. "Policy value" is
defined later in this provision; the safety test is
discussed in the next provision.

The grace period begins on the date the monthly
charges are due. It ends 61 days after that date or,
if later, 31 days after we mail a written notice to
the Owner and to any assignee shown in our records at
their last known addresses. This notice will state
the amount of premium needed to avoid termination.

Page 11

During the grace period, the policy will stay in
force. If the Insured dies during the grace period,
any unpaid premium amount needed to avoid termination
will be deducted from the death benefit (see the
Amount Of Death Benefit provision in Part 5). The
policy will terminate without value if we do not
receive payment of the required amount by the end of
the grace period.

While there is a loan outstanding on this policy, our
right to terminate this policy under the terms of the
Policy Debt Limit provision (see Part 4) applies in
addition to our right under this provision.

As used in this provision, the "policy value" of this
policy on a Monthly Charge Date is equal to:

. On any Monthly Charge Date during the first 10
Policy Years, the account value on that Date
(just before the deduction of monthly charges)
less any outstanding policy debt; and
. On any Monthly Charge Date after the first 10
Policy Years, the net surrender value on that
Date (just before the deduction).

Policy debt and net surrender value are discussed in
Part 4.

If the "policy value" on a Monthly Charge Date (as
defined above in this provision) cannot cover the
monthly charges due, but the safety test is met on
that Date, then the monthly charges for that Date
will be reduced to an amount equal to the account
value on that Date (just before the deduction) less
any outstanding debt.

Safety Test The safety test can be met only during the First
and Second Guarantee Periods; each Guarantee Period
is associated with a Guarantee Premium. The First and
Second Guarantee Periods and the First and Second
Guarantee Premiums are shown in the Policy
Specifications.

For any day during the First Guarantee Period, the
safety test is met if the result of premiums paid
less any amounts withdrawn, accumulated with interest
to that day, equals or exceeds the result of payments
of the First Guarantee Premium from the Policy Date
to that day, accumulated with interest.

For any day after the First Guarantee Period but
during the Second Guarantee Period, the safety test
is met if premiums paid less any amounts withdrawn,
accumulated with interest to that day, equals or
exceeds the result of payments of the Second
Guarantee Premium from the Policy Date to that day,
accumulated with interest.

In the safety test, interest is accumulated at an
effective annual rate equal to the Minimum Annual
Interest Rate For The Guaranteed Principal Account,
which is shown in the Policy Specifications. In
accumulating premiums paid, we exclude any premium
amounts refunded under the Right To Refund Premiums
provision in Part 2. Also, we assume in this test
that Guarantee Premiums are paid on each Monthly
Charge Date.

Example: On the 6th Monthly Charge Date, the
monthly charges are $100, but the "policy
value" (during the first 3 Policy Years,
the account value before

Page 12

the deduction for monthly charges, less any
outstanding policy debt) is only $95. There
is no policy debt. The policy is in the
First Guarantee Period, and the First
Guarantee Premium is $25. Premium payments
of $35 were made on each Monthly Charge
Date including the current one. There were
no withdrawals. In this case, the safety
test is met. So the monthly charges for
that 6th Monthly Charge Date are reduced to
$95, and the account value is reduced to
zero.

On the first Monthly Charge Date in the
21st Policy Year, the monthly charges
are $250, but the "policy value" (here,
the net surrender value before the
deduction for monthly charges) is only
$220. There are no surrender charges
and no policy debt. The policy is in
the Second Guarantee Period, and the
Second Guarantee Premium is $60.
Premium payments of $75 were made on
each Monthly Charge Date from the
Policy Date through the current Monthly
Charge Date. There were no withdrawals.
In this case, the safety test is met
also. So the monthly charges for that
Monthly Charge Date are reduced to
$220, and the account value is reduced
to zero.

Part 4. Life Benefits

This life insurance policy provides a death benefit if the Insured dies while
the policy is in force. Rights and benefits are also available while the Insured
is living. These "Life Benefits" are discussed in this Part.

Policy Ownership

Rights Of Owner While the Insured is living, the Owner may
exercise all rights given by this policy or allowed
by us. These rights include changing Beneficiaries,
changing ownership, assigning this policy, enjoying
all policy benefits, and exercising all policy
options.

The consent of any Irrevocable Beneficiary is needed
to exercise any policy right except the rights to:

. Change the frequency of planned premiums;
. Change the premium payment plan; and
. Reinstate this policy after termination.

Changing The While the Insured is living, the Owner or any
Owner Or Beneficiary may be changed by written request. We do
Beneficiary not limit the number of changes that may be made. The
change will take effect as of the date the request is
signed, even if the Insured dies before we receive
it. Each change will be subject to any payment we
made or other action we took before receiving the
written request.

Transfers Of Transfers of values are subject to the limitations
Values stated in the Policy Specifications. Subject to those
limitations, transfers of values may be made upon
direction, satisfactory to us, received at our
Administrative Office. These transfers are:

Page 13

. Transfers of values between divisions of the
Separate Account. These transfers will be made by
selling all or part of the accumulation units in a
division and applying the value of the sold units
to purchase units in any other division.
. Transfers of values from one or more divisions of
the Separate Account to the Guaranteed Principal
Account. These transfers will be made by selling
all or part of the accumulation units in a
division and applying the value of the sold units
to the Guaranteed Principal Account .

. Transfers of values from the Guaranteed Principal
Account to one or more divisions of the Separate
Account. These transfers will be made by applying
all or part of the value in the Guaranteed
Principal Account (excluding any outstanding policy
loans) to purchase accumulation units in one or
more divisions of the Separate Account.

Transfers will be made as of the Valuation Date
specified in the Purchase And Sale Of Accumulation
Units provision in Part 3. All transfers made on the
Valuation Date will be considered one transfer.

Assigning This This policy may be assigned. However, for any
Policy assignment to be binding on us, we must receive a
signed copy of it at our Administrative Office. We
will not be responsible for the validity of any
assignment. Any assignment made after the Insured
dies will be valid only with our consent.

Once we receive a signed copy of an assignment, the
rights of the Owner and the interest of any
Beneficiary or any other person will be subject to
the assignment. An assignment is subject to any
policy debt. Policy debt is discussed in the Right To
Make Loans provisions in this Part.

Right To Change The Face Amount

While this policy is in force, the Face Amount may be
changed. Any change in the Face Amount will be
effective on a Monthly Charge Date. We may limit the
number and the size of the changes in a Policy year.

Increases In The While the Insured is living, the Face Amount of this
Face Amount policy may be increased upon written application.
Evidence of insurability, satisfactory to us, is
required for each increase. The amount of each
increase must be for at least the Minimum Face Amount
Increase shown in the Policy Specifications.

If the net surrender value is insufficient to
continue the changed policy in force for 3 months at
the new monthly charges and interest, we may require
a payment sufficient to increase the net surrender
value to such amount. Net surrender value is
discussed in the "Surrendering This Policy And Making
Withdrawals" section of this Part.

Any increase elected under any insurability
protection type of rider will be effective as
directed in that rider. Any other increase in the
Face Amount will be effective on the Monthly Charge
Date that is on, or precedes, the date we approve the
application.

Page 14

Insurance charges for each increase elected are
determined and deducted from the account value of
this policy as described in the Monthly Charges
provision in Part 3. These charges will be deducted
from the account value beginning on the effective
date of the increase. Additional surrender charges
(discussed later in the Net Surrender Value provision
in this Part) will apply for each increase elected.

No increase in the Face Amount will be permitted
after the Policy Anniversary Date nearest the
Insured's 85th birthday.

Decreases In The After the first Policy Year, the Face Amount may be
Face Amount decreased by the Owner's written request while the
Insured is living. However, the decrease must not
reduce the Face Amount to an amount less than the
Minimum Face Amount shown in the Policy
Specifications. No decrease is permitted within one
year following the effective date of any increase.

Any decrease is effective on the Monthly Charge Date
that is on, or precedes, the date we receive the
written request. If a decrease follows one or more
increases, the decrease is taken from the most recent
increase(s).

Any surrender charge due upon a decrease in the Face
Amount is deducted from the account value on the
effective date of the decrease. The charge is
deducted from each division of the Separate Account
and from the Guaranteed Principal Account in
proportion to the values of this policy in each of
those divisions and in the Guaranteed Principal
Account (excluding any outstanding policy loans) on
that date. Surrender charges are discussed in the Net
Surrender Value provision in this Part.

Evidence Of If the Face Amount is changed, we will send the Owner
Changes any revised or additional Policy Specifications for
attachment to this policy. If the Face Amount is
increased, we will also send a copy of the
application for the increase. However, we have the
right to require that the policy be sent to us to
make the change.

Borrowing Against This Policy

Right To Make Once the account value exceeds any surrender charges
Loans that apply, the Owner may borrow against this policy
after the first Policy Year, while the Insured is
living. However, the policy must be properly assigned
to us before the loan is made. No other collateral is
needed. We refer to all outstanding loans plus
accrued interest as "policy debt."

Effect Of Loan A loan is attributed to each division of the Separate
Account and to the Guaranteed Principal Account in
proportion to the values of this policy in each of
those divisions and in the Guaranteed Principal
Account (excluding any outstanding policy loans) at
the time of the loan. The amount of the loan
attributed to each division of the Separate Account
will be transferred to the Guaranteed Principal
Account. Any such transfer is made by selling
accumulation units in the division and applying the
value of those units to the Guaranteed Principal
Account on the date the loan is made. Any interest
added to the loan will be treated as a new loan under
this provision.

Page 15

The amount equal to any outstanding policy loans will
be held in the Guaranteed Principal Account and will
earn interest as described in the Interest On Fixed
Account Value provision in Part 3.

Maximum Loan The maximum amount that can be borrowed on any date
Available is determined as follows.

(1) We subtract from the account value any surrender
charges that would apply if the policy were
surrendered on that date.

(2) We calculate 90% of the amount determined in
(1) above.

(3) We subtract any policy debt from the amount
determined in (2) above. The result is the maximum
amount that can be borrowed.

Interest On Loans Interest on loans is not due in advance.
This interest accrues (builds up) each day and
becomes part of the policy debt as it accrues.

Interest is due on each Policy Anniversary Date. If
interest is not paid when due, it will be added to
the loan and will bear interest at the rate payable
on the loan.

Example: You have a loan of $1,000. The interest
due on the next Policy Anniversary Date
is $50. If it is not paid on that date,
we will add it to the existing loan.
From then on, the loan will be $1,050
and interest will be charged on this
new amount.

The type of interest rate on any policy loan is
elected at the time of application for this policy
and cannot be changed; the type elected for this
policy is shown in the Policy Specifications. The two
types of interest rates available are:

(1) A fixed loan rate of 5% per year; and

(2) A variable loan rate. Such loan rate is an
annual rate set by us. This rate may change from
year to year. Each year we will set the rate
that will apply for the next Policy Year. The
rate will apply to all policy debt under this
policy.

Each year there is a maximum limit on the
variable loan interest rate we can set. That limit is
based on a Published Monthly Average. That Average
will be:

. The Monthly Average Corporates yield shown in
Moody's Corporate Bond Yield Averages, as
published by Moody's Investors Service, Inc.,
or any successor to that service; or
. If that Monthly Average is no longer
published, a substantially similar average,
established by the insurance supervisory
official of the state where this policy was
delivered.

The maximum limit is the Published Monthly
Average for the calendar month ending 2 months
before the month in which the Policy Year begins
or, if higher, the Minimum Annual Interest Rate
For The Guaranteed Principal Account plus 1%.

Page 16

Example: A Policy Year begins on June 10, 19X6.
The calendar month ending 2 months
before June is March. The loan interest
rate for the Policy Year beginning June
10, 19X6, will not be greater than the
Published Monthly Average for March,
19X6. However, if the Minimum Annual
Interest Rate For The Guaranteed
Principal Account (plus 1%) is higher
than the Average, then the Minimum
Annual Interest Rate For The Guaranteed
Principal Account (plus 1%) will be the
maximum loan interest rate for that
Policy Year.

If the maximum limit for a Policy Year is at
least 1/2% higher than the loan interest rate in
effect for the previous year, we may increase the
rate to a rate not higher than that limit.

If the maximum limit for a Policy Year is at
least 1/2% lower than the loan interest rate in
effect for the previous year, we must decrease the
rate to a rate not exceeding that limit.

Policy Debt Limit Policy debt (which includes accrued interest) may not
equal or exceed the account value less any surrender
charges that apply. If this limit is reached, we can
terminate this policy. To terminate for this reason,
we must mail written notice to the Owner and any
assignee shown in our records at their last known
addresses. This notice will state the amount needed
to bring the policy debt back within the limit. If we
do not receive payment within 31 days after the date
we mail the notice, the account value will be reduced
by any surrender charges that apply and this policy
will terminate without value at the end of those 31
days.

Our right to terminate this policy under the terms of
this provision applies in addition to our right under
the Grace Period And Termination provision in Part 3.

Repayment Of All or part of any policy debt may be repaid at any
Policy Debt time while the Insured is living. However, policy
debt can be repaid only while this policy is in
force. Loan repayments will be credited on the date
we receive them at our Administrative Office.

Any repayment of policy debt will be allocated first
to the Guaranteed Principal Account up to the amount
of the policy loan that was attributed to the
Guaranteed Principal Account. (For this purpose, no
amount of policy loan resulting from unpaid loan
interest will be considered to be attributed to the
Guaranteed Principal Account.) Any repayment in
excess of that amount will be allocated among the
Guaranteed Principal Account and the divisions of the
Separate Account according to the net premium
allocation then in effect.

Loan repayments must be clearly identified as such;
otherwise, they will be considered premium payments.

Other Borrowing We may delay the granting of any loan attributable to
Rules the Guaranteed Principal Account for up to six
months.

We may delay the granting of any loan attributable to
the Separate Account during any period that:

Page 17

. The New York Stock Exchange (or its successor) is
closed, except for normal weekend or holiday
closing, or trading is restricted; or
. The Securities and Exchange Commission (or its
successor) determines that a state of emergency
exists; or
. The Securities and Exchange Commission (or its
successor) permits us to delay payment for the
protection of our policy owners.

Surrendering This Policy And Making Withdrawals

Right To Surrender This policy may be surrendered for its
net surrender value (see next provision) at any time
while the policy is in force and the Insured is
living. The surrender will be effective on the date
we receive this policy at our Administrative Office,
along with a written request to surrender. This
policy will terminate as of the date of surrender.

Net Surrender The net surrender value of this policy is equal to
Value the account value less any surrender charges that
apply and less any policy debt. The surrender charge
for this policy is the sum of the surrender charges
for the Initial Face Amount and all Face Amount
increases. These charges are shown in the Table(s) Of
Surrender Charges of the Policy Specifications. In no
event will the net surrender value be less than zero.

Making After the first Policy Year, withdrawals may be made
Withdrawals by written request at any time while the policy is in
force and the Insured is living. The request for a
withdrawal must state the Account (or Accounts) from
which the withdrawal will be made. For any withdrawal
from the Separate Account, the request must also
state the division (or divisions) from which the
withdrawal will be made. A withdrawal will be
effective on the date we receive the written request.

On the date of a withdrawal, the account value of
this policy is reduced by the amount of the
withdrawal. The withdrawal amount includes the
withdrawal fee. The Maximum Withdrawal Fee that can
be taken with each withdrawal is shown in the Policy
Specifications.

The withdrawal from the Guaranteed Principal Account
will be made by reducing the value in that Account to
provide the amount of the withdrawal. A withdrawal
from a division of the Separate Account will be made
by selling a sufficient number of accumulation units
to provide the amount of the withdrawal.

The Face Amount will be decreased by the amount of
the withdrawal if:

. Death Benefit Option 1 or Death Benefit Option
3 is in effect, as described in the Death Benefit
Options provision in Part 5; and
. We have not received evidence of insurability
satisfactory to us.

In this case, if a decrease follows one or more Face
Amount increases, the decrease is taken from the most
recent increase(s).

Page 18

Withdrawals will be subject to the following limits:

. The minimum amount of a withdrawal (including the
withdrawal fee) is $100; . The maximum amount of a
withdrawal on any date is 75% of the net surrender
value of this policy on that date; and
. The Face Amount after a withdrawal must not be
less than the Minimum Face Amount shown in the
Policy Specifications.

Example: Death Benefit Option 1 is in effect and
you make a withdrawal without
furnishing us satisfactory evidence of
insurability. Prior to your withdrawal,
your policy has a Face Amount of
$600,000 and an account value of
$120,000. If you make a withdrawal of
$30,000, the account value will be
reduced to $90,000, the Face Amount
will be reduced to $570,000, and
$29,975 will be paid to you.

If the Face Amount is reduced due to a withdrawal, we
will send the Owner any revised or additional Policy
Specifications for attachment to this policy.
However, we have the right to require that the policy
be sent to us to make the changes.

How We Pay Any withdrawal made will be paid in one sum. If the
policy is surrendered, the net surrender value may be
paid in one sum or it may be applied under any
payment option elected. See Part 6.

We may delay paying any surrender or withdrawal from
the Guaranteed Principal Account for up to 6 months
from the date we receive the written request.

We may delay paying any surrender or withdrawal from
the Separate Account during any period that:

. The New York Stock Exchange (or its successor)
is closed, except for normal weekend or holiday
closing, or trading is restricted; or
. The Securities and Exchange Commission (or its
successor) determines that a state of emergency
exists; or
. The Securities and Exchange Commission (or its
successor) permits us to delay payment for the
protection of our policy owners.

If we delay paying any surrender or withdrawal,
interest will be added. The amount of interest will
be the same as would be paid for the same period of
time under Option 3 of the payment options or, if
greater, the amount using the minimum interest rate
for this purpose required by the laws of the state
where this policy was delivered. See Part 6 for a
description of Option 3.

Reinstating This Policy

When After this policy has terminated, it may be
Reinstatement reinstated -- that is, put back in force. However,
Can Be Made the policy cannot be reinstated if it has been
surrendered for its net surrender value.
Reinstatement must be made within 5 years after the
date of termination and during the Insured's
lifetime.

Page 19

Requirements To A written application and evidence of insurability
Reinstate satisfactory to us is required to reinstate. Also, a
premium is required as a cost to reinstate. This
cost is the amount of premium needed to keep the
policy in force for 3 months after reinstatement.
This amount will be quoted on request.

Policy After The policy will be reinstated on the Monthly Charge
Reinstatement Date on, or preceding, the date we approve the
application. The Face Amount on the date of
reinstatement will be the Face Amount on the
termination date. The account value on the date of
reinstatement will be the reinstatement premium paid,
less any premium expense charge and less any monthly
charges due on that date.

Upon reinstatement of this policy, the Table(s) Of
Surrender Charges (shown in the Policy
Specifications) will apply as though the policy had
not terminated. However, if the surrender charge was
taken when this policy terminated, then the
applicable surrender charges will not be reinstated.

Our rights to contest the validity of, and terminate,
this policy begin again on the date of reinstatement.
See the Representations And Contestability and Death
By Suicide provisions in Part 1.

Reports To Owner

Annual Report Each year after the Policy Anniversary Date, we will
mail an annual report to the Owner. There will be no
charge for this report. This report will show the
account value at the beginning of the previous Policy
Year and all premiums paid since that time. It also
will show the additions to, and deductions from, the
account value during that Year, and the account
value, death benefit, net surrender value, and policy
debt as of the current Policy Anniversary Date.

This report also will include any additional
information required by applicable law or regulation.

Part 5. The Death Benefit

The death benefit is the amount of money we will pay when we receive due proof
at our Administrative Office that the Insured died while the policy was in
force. We discuss the death benefit in this Part.

Amount Of Death If the Insured dies while this policy is in force,
Benefit the death benefit will be the amount of benefit
provided by the Death Benefit Option in effect on
the date of death, reduced by any policy debt
outstanding on the date of death and any unpaid
premium amount needed to avoid termination under the
Grace Period And Termination provision in Part 3.

Page 20

Death Benefit Three Death Benefit Options, described here, are
Options available under this policy. The Death Benefit
Option and the Face Amount in effect for this policy
are shown in the Policy Specifications. The minimum
death benefit is discussed in the next provision.

Death Benefit Option 1 - Under this Option, the
amount of benefit is the greater of:

. The Face Amount in effect on the date of
death;
. The minimum death benefit in effect on
the date of death.

Death Benefit Option 2 - Under this Option, the
amount of benefit is the greater of:

. The Face Amount in effect on the date of death
plus the account value on that date;
. The minimum death benefit in effect on the date
of death.

Death Benefit Option 3 - Under this Option, the
amount of benefit is the greater of:

. The Face Amount in effect on the date of death plus
the sum of all premiums paid (and not refunded
under the Right To Refund Premiums provision in
Part 2) to that date;
. The minimum death benefit in effect on the date of
death.

Minimum Death The minimum death benefit on any date is equal to
Benefit the account value on that date multiplied by the
Death Benefit Factor for the Insured's Attained Age
on that date. The Death Benefit Factor for each
Attained Age is shown in the Policy Specifications.

Changes In The After the first Policy Year, the Death Benefit
Death Benefit Option may be changed upon written request while
Option the Insured is living. However, the Insured's
Attained Age at the time of the change must be less
than 85.

A change in the Death Benefit Option will be
effective on the Monthly Charge Date that is on, or
precedes, the date we approve the change, unless a
later date is requested.

When the Death Benefit Option is changed, the Face
Amount of this policy also changes on the effective
date of the change as follows (all amounts are as of
the date of change):

. Option 1 to Option 2: Decreased by an amount
equal to the account value;
. Option 1 to Option 3: Decreased by an amount
equal to the sum of all premiums paid
(and not refunded);
. Option 2 to Option 1: Increased by an amount
equal to the account value;
. Option 2 to Option 3: Increased by an amount
equal to the sum of all premiums paid
(and not refunded), and then decreased by an
amount equal to the account value;

Page 21

. Option 3 to Option 1: Increased by an amount
equal to the sum of all premiums paid
(and not refunded);
. Option 3 to Option 2: Decreased by an amount
equal to the sum of all premiums paid (and not
refunded), and then increased by an amount equal
to the account value.

A change in the Death Benefit Option may follow one
or more increases in the Face Amount of this policy.
In this case, the change will:

. If the Face Amount increases, increase the
most recent increase, and
. If the Face Amount decreases, decrease the most
recent increase(s).

No change in the Death Benefit Option will be allowed
if the Face Amount after the change would be less
than the minimum face amount shown in the Policy
Specifications.

We may require a written application and evidence of
insurability satisfactory to us for any Death Benefit
Option change. We also may limit the number of Death
Benefit Option changes in any Policy Year.

If the Death Benefit Option or the Face Amount is
changed, we will send the Owner any revised or
additional Policy Specifications for attachment to
this policy.

When We Pay The death benefit will be paid within 30 days
after the date we receive due proof of the Insured's
death, and any other requirements necessary for us to
make payment, at our Administrative Office.

Interest On If the death benefit is paid in one sum, we will add
Death Benefit interest from the date of death to the date of
payment. The amount of interest will be computed
using an effective annual rate not less than 3% or,
if greater, the annual rate required by law.

If the death benefit is applied under a payment
option (described in Part 6), interest will be paid
from the date of death to the effective date of that
option. It will be paid in one sum to the Beneficiary
living on that effective date. The amount of interest
will be computed using an effective annual rate not
less than 3% or, if greater, the annual rate required
by law.

Part 6. Payment Options

These are optional methods of settlement. These methods provide alternate ways
in which payment can be made by us.

Availability Of All or part of the death benefit or net surrender
Options value may be applied under any payment Death Benefit
option. If this policy is assigned, any amount
due to the assignee will be paid in one sum. The
balance, if any, may be applied under any payment
option.

Page 22

Minimum Amounts If the amount to be applied under any option
for any one person is less than $5,000, we may pay
the amount in one sum instead. If the payments under
any option come to less than $50 each, we have the
right to make payments at less-frequent intervals.

Description Of Our regular payment options are Options 1 through 6.
Options They are described in terms of monthly payments.
Annual, semiannual, or quarterly payments may be
requested instead. The Payment Option Rates tables
are shown after Part 7.

Option 1 Installments For A Specified Period. Equal monthly
payments will be made for any period selected, up to
30 years. The amount of each payment depends on the
total amount applied, the period selected, and the
monthly income rates we are using when the first
payment is due. See the Option 1. Installments For A
Specified Period table for the minimum monthly income
rates.

Option 2 Life Income. Equal monthly payments will be based on
the life of a named person. Payments will continue
for the lifetime of that person. Income with or
without a minimum payment period may be elected. This
benefit may be increased by the Alternate Life Income
provision (in this Part). Proof of the named person's
age, satisfactory to us, will be required. See the
Option 2. Life Income tables for the minimum monthly
income rates.

Option 3 Interest. We will hold any amount applied under this
option. Interest on the amount will be paid at an
effective annual rate determined by us. This rate
will not be less than 3%.

Option 4 Installments Of Specified Amount. Each payment will
be made for an agreed fixed amount. The total amount
paid during the first year must be at least 6% of the
total amount applied. Interest will be credited each
month on the unpaid balance and added to it. This
interest will be at an effective annual rate
determined by us, but not less than 3%. Payments
continue until the balance we hold is reduced to an
amount less than the agreed fixed amount. The last
payment will be for the balance only.

Option 5 Life Income With Payments Guaranteed For Amount
Applied. Equal monthly payments will be based on the
life of a named person. Payments will be made until
the total amount paid equals the amount applied, and
as long thereafter as the named person lives. This
benefit may be increased by the Alternate Life Income
provision (in this Part). Proof of the named person's
age, satisfactory to us, will be required. See the
Option 5. Life Income With Payments Guaranteed For
Amount Applied tables for the minimum monthly income
rates.

Option 6 Joint Life Income With Reduced Payments To Survivor.
Monthly payments will be based on the lives of 2
named persons. Payments at the initial level will
continue while both are living or for 10 years if
longer. When one dies (but not before the 10 years
has elapsed), payments are reduced by one-third and
will continue at that level for the lifetime of the
other. After the 10 years has elapsed, payments stop
when both named persons have died. This benefit may
be increased by the Alternate Life Income provision
(in this Part). Proof of the named persons' ages,
satisfactory to us, will be required. See the Option
6. Joint Life Income With Reduced Payments To
Survivor tables for the minimum monthly income rates.

Page 23

Alternate Life If Option 2, 5, or 6 is elected, the named person(s)
Income can elect to receive an alternate life income
instead of receiving income based on the rates shown
in the Payment Option Rates tables. The election must
be made at the time the income is to begin. The
monthly alternate life income will be at least equal
to the monthly income provided by a new single
premium immediate annuity (first payment immediate),
based on our published rates then in use when the
payment option is elected. The alternate life income
will not be available if we are not offering new
single premium immediate annuities at the time of
election.

Electing A To elect any payment option, we require a written
Payment Option request. The Owner may elect an option during the
Insured's lifetime. If the death benefit is
payable in one sum when the Insured dies, the
Beneficiary may elect an option with our consent.

Effective Date The effective date of a payment option is the date
And Payment the amount is applied under that option. For a
Dates death benefit, this is the date that due proof of
the Insured's death is received at our Administrative
Office. For the net surrender value, it is the
effective date of surrender.

The first payment is due on the effective date,
except the first payment under Option 3 is due one
month later. A later date for the first payment may
be requested in the payment option election. All
payment dates will fall on the same day of the month
as the first one. No payment will become due until a
payment date. No part payment will be made for any
period shorter than the time between payment dates.

Example: Monthly payments of $100 are being made to
your son on the 1st of each month. He dies
on the 10th. No part payment is due your
son or his estate for the period between
the 1st and the 10th.

Withdrawals And If provided in the payment option election, all or
Changes part of the unpaid balance under Option 3 or 4 may be
withdrawn or applied under any other option.

If the net surrender value is applied under Option 3
or 4, we may delay payment of any withdrawal for up
to 6 months. In this case, interest at the rate in
effect for Option 3 during this period will be paid
on the amount withdrawn.

Income Protection To the extent permitted by law, each option payment
and any withdrawal shall be free from legal process
and the claim of any creditor of the person entitled
to them. No option payment and no amount held under
an option can be taken or assigned in advance of its
payment date, unless the Owner's written consent is
given before the Insured dies. This consent must be
received at our Administrative Office.

Other Payment Options for any amount payable to an association,
Option Rules corporation, partnership, or fiduciary are
available only with our consent. However, a
corporation or partnership may apply any amount
payable to it under Option 2, 5, or 6 if the option
payments are based on the life or lives of the
Insured, the Insured's spouse, any child of the
Insured, or any other person agreed to by us.

If a minimum payment period is elected under Options
1, 2, 5, and 6, the effective annual interest rate
will not be less than 3%. This does not apply when an
alternate life income is elected.

Page 24

If a minimum payment period is elected, after the
first payment is made we may increase the payments to
reflect any additional interest earnings determined
by us. This does not apply when an alternate life
income is elected.

If the income that would be payable under a given
payment option is the same for 2 or more periods of
time at a given age, we automatically will pay income
for the longest period.

Example: You choose Option 2. You are 50 years old.
The Payment Option Rate (for Option 2) is
$3.64 for 5 years. The Payment Option Rate
for 10 years is also $3.64. We will pay
income for at least 10 years, which is the
longest period.

Part 7. Notes On Our Computations

This Part covers some technical points about this policy.

Net Investment For each division of the Separate Account, the Net
Factor Investment Factor for any Valuation Period is the
gross investment rate for that period plus 1.00000000
and minus a Separate Account charge for mortality and
expense risk. This Separate Account charge will not
exceed .00002455 for each day of a Valuation Period.
The Net Investment Factor may be greater or less than
1.00000000.

For each division of the Separate Account, the gross
investment rate for any Valuation Period is equal to:

. The net earnings of that division during the
Valuation Period, divided by
. The value of the total assets of that division at
the beginning of the Valuation Period.

The net earnings of each division are equal to the
accrued investment income and capital gains and
losses (realized and unrealized) of that division
reduced by any investment management fees and any
other expenses, and by any amount charged against
that division for taxes paid or reserved by us.

The gross investment rate will be determined by us in
accordance with generally accepted accounting
principles and applicable laws, rules and
regulations. This determination shall be conclusive
upon the Owner, the Insured, any Beneficiary, any
assignee, and any other person under this policy.

Accumulation Unit The value of an accumulation unit in each division
Value was set at $1.000000 on the first Valuation Date
selected by us. The value on any date thereafter is
equal to the product of the Net Investment Factor for
that division for the Valuation Period that includes
that date and the accumulation unit value on the
preceding Valuation Date.

Page 25

Adjustment Of Units We have the right to split or consolidate the number
And Values of accumulation units credited to the policy, with a
corresponding increase or decrease in the unit
values. We may exercise this right whenever we
consider an adjustment of units to be desirable.
However, strict equity will be preserved in making
any adjustment. No adjustment will have any material
effect on the benefits, provisions, or investment
return of this policy, or on the Owner, the Insured,
any Beneficiary, any assignee or other person, or on
us.

Basis Of The basis of computation consists of the mortality
Computation rates and interest rates we use to determine:

. The minimum net surrender values;
. The maximum monthly insurance charges;
. The minimum rate used to credit interest on
the fixed account value of the policy; and
. The minimum payments under payment Options 2, 5,
and 6.

The mortality rates for the minimum net surrender
values and for the maximum monthly insurance charges
are shown in each Table Of Maximum Monthly Insurance
Charges. The Minimum Annual Interest Rate For The
Guaranteed Principal Account used to credit interest
on the fixed account value of the policy is shown in
the Policy Specifications. The mortality tables
specified apply to amounts in a standard risk
classification. Appropriate modifications are made to
these tables for any amount that is not in a standard
risk classification.

In computing the minimum payments under payment
Options 2, 5, and 6, we use mortality rates from the
1983 Table "a" with Projection G for 32 years. The
interest rate used is an annual rate of 3%.

Method Of When required by the state where this policy was
Computing Values delivered, we filed a detailed statement of the
method we use to compute the policy benefits and
values. These benefits and values are not less than
those required by the laws of that state.

Page 26

----------------------------------------------------
OPTION 1. INSTALLMENTS FOR
A SPECIFIED PERIOD -
PAYMENT OPTION RATES
----------------------------------------------------
MONTHLY INCOME PER
$1,000 OF AMOUNT APPLIED
----------------------------------------------------
Years Monthly Income

1 $ 84.47
2 42.86
3 28.99
4 22.06
5 17.91
6 15.14
7 13.16
8 11.68
9 10.53
10 9.61
11 8.86
12 8.24
13 7.71
14 7.26
15 6.87
16 6.53
17 6.23
18 5.96
19 5.73
20 5.51
21 5.32
22 5.15
23 4.99
24 4.84
25 4.71
26 4.59
27 4.47
28 4.37
29 4.27
30 4.18
----------------------------------------------------
The first income payment is payable
on the effective date of this Option.
----------------------------------------------------

Page 27

- --------------------------------------------------------------------------------
OPTION 2. LIFE INCOME - PAYMENT OPTION RATES
OPTION 5. LIFE INCOME WITH PAYMENTS GUARANTEED FOR AMOUNT
APPLIED - PAYMENT OPTION RATES
- --------------------------------------------------------------------------------
MONTHLY LIFE INCOME PER $1,000 OF AMOUNT APPLIED
MALE
- --------------------------------------------------------------------------------
5 YEARS 10 YEARS 20 YEARS AMOUNT
AGE* LIFE ONLY MINIMUM MINIMUM MINIMUM APPLIED
- --------------------------------------------------------------------------------
50 $3.94 $3.93 $3.91 $3.84 $3.82
51 4.00 3.99 3.97 3.89 3.87
52 4.07 4.06 4.04 3.94 3.93
53 4.14 4.13 4.10 4.00 3.98
54 4.21 4.20 4.17 4.06 4.05

55 4.29 4.28 4.25 4.11 4.11
56 4.37 4.36 4.32 4.17 4.17
57 4.45 4.44 4.40 4.23 4.24
58 4.54 4.53 4.49 4.30 4.32
59 4.64 4.63 4.58 4.36 4.39

60 4.75 4.73 4.67 4.42 4.47
61 4.86 4.84 4.77 4.49 4.55
62 4.97 4.95 4.88 4.56 4.64
63 5.10 5.07 4.99 4.62 4.73
64 5.23 5.20 5.11 4.69 4.83

65 5.38 5.34 5.23 4.75 4.93
66 5.53 5.49 5.36 4.82 5.04
67 5.69 5.64 5.49 4.88 5.15
68 5.87 5.81 5.63 4.94 5.27
69 6.05 5.98 5.77 5.00 5.39

70 6.25 6.17 5.92 5.06 5.52
71 6.46 6.36 6.07 5.11 5.66
72 6.68 6.56 6.23 5.16 5.80
73 6.91 6.78 6.39 5.21 5.95
74 7.16 7.00 6.56 5.25 6.10

75 7.43 7.24 6.73 5.29 6.27
76 7.71 7.50 6.90 5.33 6.44
77 8.02 7.76 7.07 5.36 6.63
78 8.35 8.04 7.25 5.39 6.82
79 8.70 8.33 7.42 5.41 7.02

80 9.07 8.64 7.60 5.43 7.23
81 9.47 8.96 7.77 5.45 7.46
82 9.89 9.29 7.94 5.46 7.69
83 10.35 9.64 8.10 5.48 7.93
84 10.83 10.00 8.26 5.48 8.19

85 11.35 10.37 8.41 5.49 8.46
- --------------------------------------------------------------------------------
Rates for other ages are available upon request.
*Age on birthday nearest the due date of the first payment.
The first income payment is payable on the effective date of this Option.
- --------------------------------------------------------------------------------

Page 28

- --------------------------------------------------------------------------------
OPTION 2. LIFE INCOME - PAYMENT OPTION RATES
OPTION 5. LIFE INCOME WITH PAYMENTS GUARANTEED FOR AMOUNT
APPLIED - PAYMENT OPTION RATES
- --------------------------------------------------------------------------------
MONTHLY LIFE INCOME PER $1,000 OF AMOUNT APPLIED
FEMALE
- --------------------------------------------------------------------------------
5 YEARS 10 YEARS 20 YEARS AMOUNT
AGE* LIFE ONLY MINIMUM MINIMUM MINIMUM APPLIED
- --------------------------------------------------------------------------------
50 $3.64 $3.64 $3.63 $3.60 $3.58
51 3.69 3.69 3.68 3.63 3.63
52 3.74 3.74 3.73 3.69 3.67
53 3.80 3.80 3.79 3.74 3.72
54 3.86 3.85 3.84 3.79 3.77

55 3.92 3.91 3.90 3.84 3.83
56 3.98 3.98 3.96 3.90 3.88
57 4.05 4.04 4.03 3.95 3.94
58 4.12 4.12 4.10 4.01 4.00
59 4.20 4.19 4.17 4.07 4.07

60 4.28 4.27 4.25 4.14 4.13
61 4.36 4.36 4.33 4.20 4.20
62 4.45 4.45 4.42 4.27 4.28
63 4.55 4.54 4.51 4.34 4.36
64 4.65 4.64 4.60 4.41 4.44

65 4.76 4.75 4.70 4.48 4.53
66 4.88 4.86 4.81 4.55 4.62
67 5.00 4.99 4.92 4.62 4.71
68 5.14 5.12 5.04 4.69 4.82
69 5.28 5.26 5.17 4.76 4.92

70 5.44 5.41 5.30 4.83 5.04
71 5.60 5.57 5.45 4.90 5.16
72 5.78 5.74 5.59 4.97 5.28
73 5.97 5.92 5.75 5.03 5.42
74 6.18 6.12 5.91 5.09 5.56

75 6.40 6.33 6.08 5.15 5.71
76 6.64 6.55 6.26 5.20 5.87
77 6.90 6.79 6.44 5.25 6.04
78 7.18 7.04 6.63 5.29 6.21
79 7.48 7.31 6.82 5.33 6.40

80 7.80 7.60 7.01 5.36 6.59
81 8.14 7.90 7.21 5.39 6.80
82 8.52 8.22 7.40 5.41 7.01
83 8.92 8.56 7.60 5.43 7.24
84 9.36 8.92 7.78 5.45 7.48

85 9.83 9.29 7.96 5.47 7.73
- --------------------------------------------------------------------------------
Rates for other ages are available upon request.
*Age on birthday nearest the due date of the first payment.
The first income payment is payable on the effective date of this Option.
- --------------------------------------------------------------------------------

Page 29

- -------------------------------------------------------------------------------------------
OPTION 6. JOINT LIFE INCOME WITH REDUCED PAYMENTS
TO SURVIVOR - PAYMENT OPTION RATES
- -------------------------------------------------------------------------------------------
MONTHLY LIFE INCOME PER $1,000 OF AMOUNT APPLIED
MALE & FEMALE
- -------------------------------------------------------------------------------------------
MALE FEMALE IS YOUNGER THAN MALE BY:
------------------------------------------------------------------------------------
AGE* 10 Yrs. 9 Yrs. 8 Yrs. 7 Yrs. 6 Yrs. 5 Yrs. 4 Yrs. 3 Yrs. 2 Yrs. 1 Yr.
- -------------------------------------------------------------------------------------------

55 $3.63 $3.65 $3.68 $3.70 $3.73 $3.76 $3.79 $3.82 $3.85 $3.88
56 3.67 3.70 3.73 3.75 3.78 3.81 3.84 3.87 3.90 3.94
57 3.72 3.75 3.78 3.81 3.84 3.87 3.90 3.93 3.97 4.00
58 3.77 3.80 3.83 3.86 3.89 3.93 3.96 4.00 4.03 4.07
59 3.83 3.86 3.89 3.92 3.96 3.99 4.03 4.06 4.10 4.14

60 3.88 3.92 3.95 3.98 4.02 4.06 4.09 4.13 4.17 4.21
61 3.94 3.98 4.01 4.05 4.09 4.13 4.16 4.21 4.25 4.29
62 4.01 4.04 4.08 4.12 4.16 4.20 4.24 4.28 4.33 4.37
63 4.07 4.11 4.15 4.19 4.23 4.28 4.32 4.37 4.41 4.46
64 4.14 4.18 4.22 4.27 4.31 4.36 4.40 4.45 4.50 4.55

65 4.21 4.26 4.30 4.35 4.39 4.44 4.49 4.54 4.60 4.65
66 4.29 4.33 4.38 4.43 4.48 4.53 4.58 4.64 4.69 4.75
67 4.37 4.42 4.47 4.52 4.57 4.63 4.68 4.74 4.80 4.86
68 4.45 4.50 4.56 4.61 4.67 4.73 4.79 4.85 4.91 4.97
69 4.54 4.59 4.65 4.71 4.77 4.83 4.89 4.96 5.03 5.09

70 4.63 4.69 4.75 4.81 4.87 4.94 5.01 5.08 5.15 5.22
71 4.73 4.79 4.85 4.92 4.99 5.06 5.13 5.20 5.28 5.35
72 4.83 4.89 4.96 5.03 5.10 5.18 5.25 5.33 5.41 5.49
73 4.93 5.00 5.07 5.15 5.23 5.30 5.38 5.47 5.55 5.64
74 5.04 5.12 5.19 5.27 5.35 5.44 5.52 5.61 5.70 5.79

75 5.16 5.24 5.32 5.40 5.49 5.58 5.67 5.76 5.85 5.95
76 5.28 5.36 5.45 5.54 5.63 5.72 5.82 5.92 6.02 6.12
77 5.41 5.50 5.59 5.68 5.78 5.88 5.98 6.08 6.18 6.29
78 5.54 5.63 5.73 5.83 5.93 6.04 6.14 6.25 6.36 6.46
79 5.68 5.78 5.88 5.98 6.09 6.20 6.31 6.42 6.53 6.65

80 5.82 5.93 6.04 6.15 6.26 6.37 6.49 6.60 6.72 6.83
81 5.97 6.08 6.20 6.31 6.43 6.55 6.67 6.79 6.90 7.02
82 6.13 6.25 6.36 6.48 6.61 6.73 6.85 6.97 7.09 7.21
83 6.29 6.41 6.53 6.66 6.79 6.91 7.04 7.16 7.28 7.40
84 6.46 6.58 6.71 6.84 6.97 7.10 7.23 7.35 7.47 7.59

85 6.63 6.76 6.89 7.02 7.15 7.29 7.41 7.54 7.66 7.78
- -------------------------------------------------------------------------------------------
Rates for other ages are available upon request.
*Age on birthday nearest the due date of the first payment.
The first income payment is payable on the effective date of this Option.
- -------------------------------------------------------------------------------------------

Page 30

- ----------------------------------------------------------------------------------------
OPTION 6. JOINT LIFE INCOME WITH REDUCED PAYMENTS
TO SURVIVOR - PAYMENT OPTION RATES
- ----------------------------------------------------------------------------------------
MONTHLY LIFE INCOME PER $1,000 OF AMOUNT APPLIED
MALE & FEMALE
- ----------------------------------------------------------------------------------------
MALE FEMALE IS OLDER THAN MALE BY:
-------------------------------------------------------------------------
AGE* SAME AGE 1 YEAR 2 YEARS 3 YEARS 4 YEARS 5 YEARS
- ----------------------------------------------------------------------------------------

55 $3.91 $3.94 $3.97 $4.01 $4.04 $4.08
56 3.97 4.00 4.04 4.07 4.11 4.15
57 4.04 4.07 4.11 4.15 4.18 4.22
58 4.10 4.14 4.18 4.22 4.26 4.30
59 4.18 4.22 4.26 4.30 4.34 4.39

60 4.25 4.30 4.34 4.38 4.43 4.47
61 4.33 4.38 4.42 4.47 4.52 4.57
62 4.42 4.47 4.52 4.57 4.62 4.67
63 4.51 4.56 4.61 4.66 4.72 4.77
64 4.60 4.66 4.71 4.77 4.83 4.88

65 4.71 4.76 4.82 4.88 4.94 5.00
66 4.81 4.87 4.93 4.99 5.06 5.12
67 4.92 4.99 5.05 5.12 5.18 5.25
68 5.04 5.11 5.18 5.25 5.32 5.39
69 5.16 5.24 5.31 5.38 5.46 5.53

70 5.29 5.37 5.45 5.52 5.60 5.68
71 5.43 5.51 5.59 5.67 5.76 5.84
72 5.58 5.66 5.74 5.83 5.91 6.00
73 5.73 5.81 5.90 5.99 6.08 6.17
74 5.88 5.97 6.07 6.16 6.25 6.34

75 6.05 6.14 6.24 6.33 6.43 6.52
76 6.21 6.31 6.41 6.51 6.61 6.70
77 6.39 6.49 6.59 6.69 6.79 6.89
78 6.57 6.68 6.78 6.88 6.98 7.07
79 6.76 6.86 6.97 7.07 7.17 7.26

80 6.94 7.05 7.16 7.26 7.36 7.45
81 7.13 7.25 7.35 7.45 7.55 7.63
82 7.33 7.44 7.54 7.64 7.73 7.82
83 7.52 7.62 7.73 7.82 7.91 7.99
84 7.70 7.81 7.91 8.00 8.08 8.16

85 7.88 7.99 8.08 8.17 8.25 8.32
- ----------------------------------------------------------------------------------------
Rates for other ages are available upon request.
*Age on birthday nearest the due date of the first payment.
The first income payment is payable on the effective date of this Option.
- ----------------------------------------------------------------------------------------

Page 31

- ------------------------------------------------------------------------------------------------------------------
OPTION 6. JOINT LIFE INCOME WITH REDUCED PAYMENTS
TO SURVIVOR - PAYMENT OPTION RATES
- ------------------------------------------------------------------------------------------------------------------
MONTHLY LIFE INCOME PER $1,000 OF AMOUNT APPLIED
MALE1 & MALE2
- ------------------------------------------------------------------------------------------------------------------
MALE1 MALE2 IS YOUNGER THAN MALE1 BY:
--------------------------------------------------------------------------------------------------------
AGE* 10 Yrs. 9 Yrs. 8 Yrs. 7 Yrs. 6 Yrs. 5 Yrs. 4 Yrs. 3 Yrs. 2 Yrs. 1 Yr.
- -------------------------------------------------------------------------------------------------------------------

60 $4.06 $4.09 $4.13 $4.17 $4.20 $4.24 $4.28 $4.33 $4.37 $4.41
61 4.12 4.16 4.20 4.24 4.28 4.32 4.36 4.41 4.45 4.50
62 4.20 4.24 4.28 4.32 4.36 4.41 4.45 4.50 4.54 4.59
63 4.27 4.31 4.36 4.40 4.45 4.49 4.54 4.59 4.64 4.69
64 4.35 4.39 4.44 4.49 4.53 4.58 4.63 4.69 4.74 4.79

65 4.43 4.48 4.53 4.58 4.63 4.68 4.73 4.79 4.84 4.90
66 4.52 4.57 4.62 4.67 4.73 4.78 4.84 4.90 4.95 5.01
67 4.61 4.66 4.72 4.77 4.83 4.89 4.95 5.01 5.07 5.13
68 4.71 4.76 4.82 4.88 4.94 5.00 5.06 5.13 5.19 5.26
69 4.81 4.87 4.93 4.99 5.05 5.12 5.19 5.25 5.32 5.39

70 4.91 4.98 5.04 5.11 5.17 5.24 5.31 5.38 5.46 5.53
71 5.02 5.09 5.16 5.23 5.30 5.37 5.45 5.52 5.59 5.67
72 5.14 5.21 5.28 5.36 5.43 5.51 5.58 5.66 5.74 5.82
73 5.26 5.33 5.41 5.49 5.57 5.65 5.73 5.81 5.89 5.97
74 5.39 5.47 5.55 5.63 5.71 5.79 5.88 5.96 6.04 6.13

75 5.52 5.60 5.69 5.77 5.86 5.95 6.03 6.12 6.21 6.29
==================================================================================================================
MALE1 MALE2 IS OLDER THAN MALE1 BY:
--------------------------------------------------------------------------------------------------------
AGE* SAME AGE 1 Yr. 2 Yrs. 3 Yrs. 4 Yrs. 5 Yrs.
- -------------------------------------------------------------------------------------------------------------------

60 $4.45 $4.50 $4.54 $4.59 $4.63 $4.68
61 4.54 4.59 4.64 4.69 4.73 4.78
62 4.64 4.69 4.74 4.79 4.84 4.89
63 4.74 4.79 4.84 4.90 4.95 5.00
64 4.85 4.90 4.95 5.01 5.06 5.12

65 4.96 5.01 5.07 5.13 5.19 5.24
66 5.07 5.13 5.19 5.25 5.31 5.37
67 5.20 5.26 5.32 5.38 5.45 5.51
68 5.32 5.39 5.46 5.52 5.58 5.65
69 5.46 5.53 5.59 5.66 5.73 5.79

70 5.60 5.67 5.74 5.81 5.88 5.95
71 5.74 5.82 5.89 5.96 6.03 6.10
72 5.89 5.97 6.04 6.12 6.19 6.26
73 6.05 6.13 6.21 6.28 6.36 6.43
74 6.21 6.29 6.37 6.45 6.53 6.60

75 6.38 6.46 6.54 6.62 6.70 6.77
- ------------------------------------------------------------------------------------------------------------------
Rates for other ages are available upon request.
*Age on birthday nearest the due date of the first payment.
The first income payment is payable on the effective date of this Option.
- ------------------------------------------------------------------------------------------------------------------

Page 32

- ----------------------------------------------------------------------------------------------------------------------
OPTION 6. JOINT LIFE INCOME WITH REDUCED PAYMENTS
TO SURVIVOR - PAYMENT OPTION RATES
- ----------------------------------------------------------------------------------------------------------------------
MONTHLY LIFE INCOME PER $1,000 OF AMOUNT APPLIED
FEMALE1 & FEMALE2
- ----------------------------------------------------------------------------------------------------------------------
FEMALE1 FEMALE2 IS YOUNGER THAN FEMALE1 BY:
--------------------------------------------------------------------------------------------------------
AGE* 10 Yrs. 9 Yrs. 8 Yrs. 7 Yrs. 6 Yrs. 5 Yrs. 4 Yrs. 3 Yrs. 2 Yrs. 1 Yr.
- ----------------------------------------------------------------------------------------------------------------------

60 $3.76 $3.79 $3.82 $3.85 $3.88 $3.91 $3.95 $3.98 $4.01 $4.05
61 3.82 3.85 3.88 3.91 3.94 3.98 4.01 4.05 4.08 4.12
62 3.88 3.91 3.94 3.98 4.01 4.05 4.08 4.12 4.16 4.20
63 3.94 3.97 4.01 4.04 4.08 4.12 4.16 4.19 4.23 4.28
64 4.00 4.04 4.07 4.11 4.15 4.19 4.23 4.27 4.32 4.36

65 4.07 4.11 4.15 4.19 4.23 4.27 4.31 4.36 4.40 4.45
66 4.14 4.18 4.22 4.27 4.31 4.35 4.40 4.45 4.50 4.54
67 4.22 4.26 4.30 4.35 4.40 4.44 4.49 4.54 4.59 4.64
68 4.30 4.34 4.39 4.44 4.49 4.54 4.59 4.64 4.70 4.75
69 4.38 4.43 4.48 4.53 4.58 4.64 4.69 4.75 4.80 4.86

70 4.47 4.52 4.57 4.63 4.68 4.74 4.80 4.86 4.92 4.98
71 4.56 4.62 4.67 4.73 4.79 4.85 4.91 4.98 5.04 5.11
72 4.66 4.72 4.78 4.84 4.91 4.97 5.04 5.10 5.17 5.24
73 4.77 4.83 4.89 4.96 5.03 5.09 5.16 5.24 5.31 5.38
74 4.88 4.94 5.01 5.08 5.15 5.23 5.30 5.38 5.45 5.53

75 4.99 5.06 5.14 5.21 5.29 5.36 5.44 5.52 5.60 5.69
======================================================================================================================
FEMALE1 FEMALE2 IS OLDER THAN FEMALE1 BY:
--------------------------------------------------------------------------------------------------------
AGE* SAME AGE 1 Yr. 2 Yrs. 3 Yrs. 4 Yrs. 5 Yrs.
- ----------------------------------------------------------------------------------------------------------------------

60 $4.08 $4.12 $4.16 $4.19 $4.23 $4.27
61 4.16 4.20 4.23 4.27 4.31 4.35
62 4.24 4.28 4.32 4.36 4.40 4.44
63 4.32 4.36 4.40 4.45 4.49 4.54
64 4.40 4.45 4.50 4.54 4.59 4.64

65 4.50 4.54 4.59 4.64 4.69 4.74
66 4.59 4.64 4.70 4.75 4.80 4.85
67 4.70 4.75 4.80 4.86 4.91 4.97
68 4.81 4.86 4.92 4.98 5.04 5.09
69 4.92 4.98 5.04 5.10 5.16 5.23

70 5.04 5.11 5.17 5.24 5.30 5.36
71 5.17 5.24 5.31 5.38 5.44 5.51
72 5.31 5.38 5.45 5.52 5.59 5.66
73 5.46 5.53 5.60 5.68 5.75 5.82
74 5.61 5.69 5.76 5.84 5.92 5.99

75 5.77 5.58 5.93 6.01 6.09 6.16
- ----------------------------------------------------------------------------------------------------------------------
Rates for other ages are available upon request.
*Age on birthday nearest the due date of the first payment.
The first income payment is payable on the effective date of this Option.
- ----------------------------------------------------------------------------------------------------------------------

Page 33

C.M. Life Insurance Company C.M. Life Insurance Company
A STOCK COMPANY Home Office: Hartford, Connecticut
Administrative Office: Springfield,
Massachusetts

Flexible Premium Adjustable Variable Life Insurance Policy
- --------------------------------------------------------------------------------

This Policy provides that:

A death benefit is payable when the Insured dies.
Within specified limits, flexible premiums may be paid during the Insured's
lifetime.
No dividends will be paid.