Premium Interest Rates Fees Withdrawals and Loans 1035 Exchanges Policy Changes Riders Footnotes

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1 Ultra Plus (2007) Quick Links Content Effective Date Key Features Target Market Product Type Face Amount Death Benefit Options Issue Ages Maturity Age Underwriting Classifications Premium Interest Rates Fees Withdrawals and Loans 1035 Exchanges Policy Changes Riders Footnotes Content Effective Date You are viewing the most current product details, which reflect updates made to this product effective 09/24/2007. To verify if this product is available for sale in your state, go to State Approval Info. Key Features Zero Net Cost Loans Five underwriting classes including Preferred Elite classification Guaranteed 0.50% persistency bonus in years 10+ 1,2 Reduced rate-ups for substandard cases Target Market Individuals seeking a universal life product with a lower face amount Individuals with basic permanent insurance needs Appropriate vehicle for Deferred Compensation plans Appropriate vehicle for Split Dollar arrangements Product Type Flexible Premium Universal Life Insurance Policy Number UL0700 Plan Type Non-Qualified Face Amount Minimum Face Amount 3 $50,000 for ages 0-49 $25,000 for ages 50 and above Rate Bands $25,000 - $49,999 $50,000 - $99,999 $100,000 - $199,999 $200,000 and over Death Benefit Options Option 1 (Level): Death benefit equals the face amount Option 2 (Increasing): Death benefit equals the face amount plus the policy value. Option 3 (Increasing): Issue ages: Death benefit equals the face amount plus premiums paid, less any

2 partial withdrawals. Only available at issue. Death Benefit Option Changes Death benefit option changes are available after the first policy year prior to maximum issue age and changes to Option 3 are not allowed. The surrender charges will not be affected by an option change. Age 100 Rules If the policy remains inforce after the anniversary following the insured's 100th birthday, the following will occur: Death Benefit Option 2 changes to Death Benefit Option 1, if applicable Death Benefit Option 3 changes to Death Benefit Option 1, if applicable The DEFRA Cash Value Corridor remains at 100%. Age 121 Rules The policy will remain inforce after the anniversary following the insured's 121st birthday if there continues to be a positive net surrender value. If the policy is inforce at age 121, the following will occur: The policy fee, monthly administrative expense charges and COI charges are waived The policy value continues to earn the current credited interest rate All remaining riders are cancelled, except the Accelerated Death Benefit Rider Loans continue to accrue interest Issue Ages Preferred Elite Preferred Nonsmoker Standard Nonsmoker Preferred Smoker Standard Smoker 0-17 Juvenile Note: Refer to Riders section below for rider issue ages. Maturity Age None, COIs, monthly administrative expense, and policy fees are guaranteed to be waived at the insured's attained age 121. Underwriting Classifications 4 Preferred Elite Preferred Nonsmoker Standard Nonsmoker Preferred Smoker Standard Smoker Launch the Rate Class Estimator Tool Open pdf version of the Rate Class Estimator Premium Premium Modes Annually, Semi-Annually, Semi-Annually Automatic, Quarterly, Quarterly Automatic, and Monthly Automatic Premium Levels The Safety Net Premium is the minimum premium that must be paid in the first year of issue to keep the policy inforce. The cumulative payment of the "safey net" guarantees coverage for the "safety net" period. Issue Ages Safety Net Period Years Years Commissionable Target Premium: The premium on which the maximum first-year commission is paid. Grace Period 2

3 61 days Interest Rates Crediting Interest Interest is compounded and credited daily. A persistency Bonus of 0.50% will be paid prospectively in years 10 and following years on unloaned policy value provided the crediting rate is above the 3.00% minimum. Guaranteed Interest % minimum guaranteed annually Fees Front End Premium Load Years 1-20: 5.00% premium charge Years 21+: 0.00% premium charge Policy Fee $7.50 per month ($100,000 and above) $8.50 per month ($50,000 - $99,999) $10.00 per month ($25,000 - $49,999) $10.00 guaranteed maximum Cost of Insurance Charges Guaranteed: 2001 CSO ALB, M/F/U, N/S for all policies Current: 25-Year Select and Ultimate COI Tables Male/Female/Unisex Preferred Elite Preferred Nonsmoker/Standard Nonsmoker Preferred Smoker/Standard Smoker Bailout Provisions If the company increases the cost of insurance rate scale in effect at issue during the first 19 years, the policy owner will be notified and will have 60 days during which he or she can surrender his or her policy and pay no surrender charge. Surrender Charges Per $1,000 of face amount during the first 19 years, and for 19 years from the effective date of any face amount increase. Surrender charges will go past age 100, if applicable. Withdrawals 5 Partial Withdrawals Minimum of $250, and at least $500 of net surrender value must remain after a withdrawal. A $25 withdrawal charge applies to each withdrawal. Loans Preferred: During the surrender charge period, available on gain. Charged and credited 3.00% for zero net cost. After surrender period, all loans are considered preferred. Standard: Loans in excess of a preferred loan amount are considered standard. Charged 4.00% and credited 3.00% for 1.00% net cost. Minimum loan amount is $250 (in most states). Minimum of $500 net surrender value must remain. Free Look 20 days (In CA, if the owner is 60 or older, the free look period is 30 days) 1035 Exchanges Information on our procedures for 1035 exchanges can be found on the New Business page of our Policies and Guidelines section. Policy Changes Available only after the first policy year and prior to the maximum issue age. Increases become effective on the monthly activity day on or after the changes are approved. The minimum amount of increase is $10,000. Current policy fee will not change bands for face increases. Decreases become effective on or after the monthly activity day the request is approved. The policy fee is based in the total of base and PTR after the decrease. The minimum face amount in effect after any decrease must be at least equal to the age based minimum face 3

4 amount requirement based on the attained age. Monthly per unit charges will be imposed for elective increases and charges will vary by band. Riders 1,6 Accelerated Death Benefit - (Terminal Illness) (UL0619) 7,8,9 Issue ages: All Fees: There is no cost for this rider; however, the amount paid by the rider will be reduced by the benefit discounts resulting from early payments, loans, uncollected insurance charges, and administrative fees. This rider provides for an advance of a portion of the death benefit if the insured is diagnosed with a terminal illness and satisfactory proof of the terminal illness is provided. A terminal illness is a medical condition of the insured that, not withstanding appropriate medical care, will result in death within 12 months. Minimum payout is $5,000. Maximum payout is the lesser of: 80% of the death benefit as of the date the first request is paid; or, $250,000, including all other accelerated benefit amounts paid under all policies issued on the life of the insured. Accelerated Death Benefit - (Permanent Confinement) (UL0416) 7,8 Issue Ages: All Fees: There is no cost for this rider; however, the amount paid by the rider will be reduced by the benefit discounts resulting from early payments, loans, uncollected insurance charges, and administrative fees. With the rider, a portion of the death benefit will be paid out in the event the insured has been confined to a nursing care facility for at least a year. And, in the last twelve months, the insured has been certified by a licensed health care practitioner as being unable to perform at least two activities of daily living without substantial assistance from another individual due to loss of functional capacity that is expected to be permanent, or the insured is requiring substantial supervision to be protected from threats to health and safety due to severe cognitive impairment. Activities of Daily Living include bathing, continence, dressing, eating, toileting and transferring. The minimum face amount remaining after a payment is $4,000 and a maximum of three payments may be made. Minimum payout is $5,000. Maximum payout is the lesser of: 80% of the death benefit as of the date the first request is paid; or, $250,000, including all other accelerated benefit amounts paid under all policies issued on the life of the insured. Accidental Death Benefit (UL0613) Issue ages: (all classes) Fees: Rates vary by issue age. This rider pays an additional benefit amount to the beneficiary if the insured dies from accidental bodily injury as defined in the rider. The minimum coverage is $5,000 with a maximum coverage of the lesser of $250,000 of accidental death benefit coverage from all sources or total coverage of respective insured. Coverage terminates on anniversary following insured's 70th birthday. This rider can be added, deleted, increased, or decreased after issue. Additional Insured Rider (UL0703) 4 Issue Ages: Preferred Elite Preferred Nonsmoker Standard Nonsmoker Preferred Smoker Standard Smoker 0-17 Juvenile Provides additional term insurance on the primary insured, the insured's spouse or grandchildren, brothers, children, parents and sisters. The minimum face amount is $50,000 and covers up to four additional insureds. The rider may be exchanged to any flexible premium adjustable life plan prior to the insured's age 75 and after the first policy year. Evidence of insurability is not required for exchange and death benefit must not exceed AIR amount or be less than $50,000 for new policy. Coverage terminates at the earlier of the additional Insured's age 99 or the policy anniversary following the base insured's 99th birthday. This rider can be added, deleted, increased (by increments of $10,000), or decreased (to $50,000) after issue. Children's Level Term Rider (UL0615) Base insured's ages: (Preferred Elite), (all other classes) Covered children issue ages: birth to 17 years (but not stillborn) This rider provides term insurance coverage for natural or legally adopted children of the insured. A stepchild of the primary insured may be covered if the child became a stepchild by reason of a marriage between the primary insured and one of the child's parents, and shares a residence with the primary insured at the time the rider is issued and who looks to the primary insured for support and maintenance. Each unit provides up to $5,000 of coverage for a flat monthly cost no matter how many children are eligible for coverage. Minimum coverage is $2,500(1/2 unit) with a maximum of $20,000 (4 units) for all CLTRs issued by Allstate and Lincoln 4

5 Benefit Life. Evidence of insurability is not required and each unit is convertible for up to five times the benefit amount in coverage. The rider may be exchanged for a new policy on each child's 25th birthday or at the base insured's age 65, if sooner. Note: This rider cannot be included on business-owned policies and if the policy is owned by a business at the time of an insured child's death, then the beneficiary of this rider benefit must be that child's estate. This rider can be added, deleted, increased, or decreased after issue. Continuation of Premium Rider (UL0614) Not available in California. Issue ages: (all classes) Fees: Rates vary by issue age. Under this rider, Allstate will contribute a monthly amount to the policy value if the insured becomes totally disabled as defined in the rider. The maximum amount of coverage available is the lesser of two times the stipulated annual premium, or $10,000 a year. Coverage terminates on the policy anniversary following attainment of age 60. This rider can be added, deleted, increased, or decreased after issue. Full Surrender Charge Adjustment Rider (UL0202) Issue Ages: Available at all ages and underwriting classes. Fees: There is no charge for this rider. This rider must be chosen at issue (requires home office approval) and cannot be added after initial issue. Rider cannot be deleted once it has been elected and the policy issued. This rider provides for a complete waiver of surrender charges during the first five policy years on all business related cases that have planned first year premiums of $50,000 or more. Maximum loan and maximum partial withdrawal amounts will use the surrender value with full surrender charges. Reduction in surrender charges applies on a full surrender only; partial withdrawal charges are not reduced. Prime Term Rider (UL0702) Issue Ages: Preferred Elite Preferred Nonsmoker Standard Nonsmoker Preferred Smoker Standard Smoker Fees: Rates vary by underwriting class, issue age, and gender. Provides level term insurance protection on the primary insured. Available at the time of policy issue only with a minimum coverage of $25,000 and a maximum coverage of three times the amount of the base plan. May be exchanged prior to the insured's age 75 for any flexible premium adjustable life plan sold by Lincoln Benefit Life or for additional permanent coverage under the base policy on or after the first anniversary. Coverage terminates at the insured's age 99. This rider may only be deleted, exchanged, or decreased after issue. Guaranteed Insurability Rider (UL 0706) Issue ages: 0-38 (standard or better rate classes Fees: Per $1000 charge This rider provides the opportunity to add additional insurance without underwriting requirements at preset dates. The additions are available on the anniversaries following the attainment of ages 25, 28, 31, 34, 37 and 40. Unscheduled increases are also allowed at life events including birth, marriage and adoption. Insured has 90 days after qualifying life event to request an increase and election of an unscheduled increase due to a life event results in forfeiting the next scheduled increase. The minimum increase amount is $10,000 with a maximum increase amount equal to the Guaranteed Insurability Rider (GIR) coverage amount purchased at issue not to exceed $50,000. Coverage terminates on anniversary following insured's 40th birthday. This rider cannot be added, increased, or decreased after issue. This rider can be deleted after issue. Not available on non-underwritten term conversion business. Overloan Protection Rider (UL0701) Issue Ages: All This rider will be issued with all contracts at time of issue (subject to state approval). This rider, when exercised, prevents the underlying policy from lapsing in the event policy loans exceed the policy value. When the rider is exercised, there is a one-time charge of no more than 4.5% of the policy value. Upon exercise, the policy becomes paid-up. At that point, all charges will be waived and no further premiums will be allowed, nor will any changes be allowed to the policy. Loan repayments will be allowed, and loan interest will continue to be charged. Customer must request activation of this rider in writing. All of the following conditions must be met to exercise rider: Inforce at least 15 years 5

6 Insured has reached the attained age of at least 75 Death benefit Option 1 at time of exercise Policy loan is greater than the face amount Policy loan is greater than 90% of the surrender value No remaining cost basis in policy Policy must not be a MEC, and exercise of rider must not make it become a MEC Policy loan is no more than 99.9% of surrender value after the one-time overloan protection election charge of no more than 4.5% of the policy value. Footnotes 1 All guarantees are based on the claims-paying ability of Lincoln Benefit Life Insurance Company. 2 Interest bonus of 0.50% paid prospectively in year 10 provided the crediting interest rate is above the 3.00% minimum. 3 Mininum face amounts may vary by state. 4 At any time on or after the insured's 18th birthday, the insured may apply for a rate class change. Approval of this request will be based on a meeting the underwriting criteria for that rate class. The sales illustration software allows you to illustrate the impact of a rate class change at age Withdrawals will reduce cash value and death benefit of the policy. Partial withdrawals and surrenders from universal life policies are generally taxed as ordinary income to the extent the withdrawal exceeds your investment in the contract, which is also called the "basis". In some situations, partial withdrawals during the first 15 policy years may result in taxable income prior to recovery of the investment in the contract. Loans are generally not taxable if taken from a universal life policy that is not a modified endowment contract. However, when cash values are used to repay a loan, the transaction is treated like a withdrawal and taxed accordingly. If a policy is a modified endowment contract, loans are treated as a taxable distribution to the extent of the policy gain. Loans, withdrawals and surrenders are treated first as distributions of the policy gain subject to ordinary income taxation, and may be subject to an additional 10% federal tax penalty if made prior to age 59 1/2. Loans, if not repaid, and withdrawals reduce the contract's death benefit and cash value. 6 See rider for terms, conditions and restrictions. Additional costs may apply. Riders and waivers may not be available in all states. 7 Accelerated Death Benefit may or may not qualify for favorable tax treatment under the Internal Revenue Code of This depends on factors such as the customer's life expectancy at the time benefits are accelerated or whether the customer uses the benefits to pay for required qualified long-term care expenses. If the Accelerated Death Benefit qualifies, the Benefit will not be subject to federal income taxation. In addition, receipt of the Accelerated Death Benefit may affect the customer or his family's eligibility for public assistance programs such as medical assistance (Medicaid), Aid to Families with Dependent Children (AFDC), Supplemental Security Income. 8 This rider is available at no additional cost. However, the amount paid by the rider will be reduced by benefit discounts resulting from early payment, loans and uncollected insurance charges. The $250,000 maximum includes all other accelerated death benefits paid under contracts issued by Lincoln Benefit Life Company on the life of the insured. Also, you may be assessed an administrative fee for each accelerated benefit request as provided by the terms of the rider. 9 In the states of IL, KS, MA and WA, terminal illness is defined as a life expectancy of less than 24 months. Not FDIC, NCUA/NCUSIF Insured. Not a deposit. No bank or credit union guarantee. Not insured by any federal government agency. May lose value. Ultra Plus Universal Life Insurance is a flexible premium universal life policy issued by Lincoln Benefit Life Company. Lincoln Benefit Life Company is a wholly owned subsidiary of Allstate Life Insurance Company. Not available/not for use in New York. 6