MetLife Premier Accumulator Universal Life SM

Transcription

1 SM Flexible Premium Adjustable Life Insurance Policy Illustration Prepared for: d Client Prepared by: Top Advisor Insurance Products: - Not a Deposit Not FDIC-Insured Not Insured By Any Federal Government Agency Not Guaranteed By Any Bank or Credit Union May Go Down In This is a supplemental illustration designed solely to illustrate a concept and is not valid unless accompanied by a basic illustration for the life insurance policy described and an Internal Rate of Return report. Please refer to that basic illustration and report for policy guarantees and other important information. The values in this supplement are based on current interest rates and charges which are not guaranteed. It assumes that these elements will continue unchanged for all years. This is not likely to occur, and actual results may be more or less favorable than those shown. NOT VALID WITHOUT ALL PAGES. Date Prepared: 06/30/ :35:09 PM L [exp0417] C Page 1 of 4 1%4%2%75%4%10056%7%1%9%0%10%0311%14%7

2 Reach Life's Potential Put Your Money to Work Like 70 million Americans 1, you probably need more financial protection for your family or want to pass money on to your family in the most efficient way possible. And even if you have traditional investments in place, you may also have money on the sidelines that could be working hard to help you achieve your financial goals. Now there s an option that s not an investment you should consider life insurance! Don t look at it as just another expense; look at everything else it can provide. Protection through a death benefit for your family if you're not around Growth in cash value fueled by competitive interest rates 2 Liquidity so you can access your cash value quickly and with low surrender charges 3,4 Comfort in knowing your policy values can be used for a variety of needs MetLife is making sure life insurance can help you reach your life's potential Insurance Barometer Study, LIMRA Cost of insurance and other charges are deducted monthly from cash value. Interest rates are subject to a guaranteed contractual minimum. 3 Policy Loans and withdrawals reduce the contracts cash value and death benefit and may cause the policy to lapse. If the policy lapses, you may incur tax consequences. In addition policy loan interest will be charged annually on any outstanding loan balance. 4 High early cash values are based on the assumptions of current interest crediting rates and current charges which are not guaranteed and are subject to change and assume the policy is optimally funded. Guaranteed assumptions will result in lower values. You should request a full illustration from our financial professional for details. Date Prepared: 06/30/ :35:09 PM L [exp0417] C Page 2 of 4 1%4%2%75%4%10056%7%2%9%0%10%0311%14%8

3 Let's see how MetLife can put your money to work Money on the sidelines that could be working harder: $500,000 Interest rate this money is earning today: 1.00% Percentage of this money you want to pass more efficiently to your beneficiaries: 50.00% MetLife Premier Accumulator Universal Life (UL) can be structured, through a single premium design, to provide your beneficiaries a larger death benefit potentially greater than they could receive with traditional financial assets. And if your financial plans change, MetLife Premier Accumulator UL may still allow you to access most or all of the money that you have put into the policy within the first few policy years. For comparison purposes, the two charts below illustrate the first five years, as well as three additional years, of the policy chosen by your Financial Professional as a summary for discussion. Take a look at how your money is put to work for your beneficiaries by putting 50.00% of your cash on the sidelines into MetLife Premier Accumulator UL: Policy Year Age Original Strategy Growth at 1.00% Hypothetical Asset Hypothetical MetLife Premier Accumulator UL Current Non- Guaranteed (DB) Current Non- Guaranteed New Strategy Remaining Asset Hypothetical Asset Hypothetical Total New Strategy Non-Guaranteed DB + Hypothetical Asset Non- Guaranteed Hypothetical 1 51 $505, % $733, % $252, % $985, % 2 52 $510, % $738, % $255, % $993, % 3 53 $515, % $742, % $257, % $1,000, % 4 54 $520, % $747, % $260, % $1,007, % 5 55 $525, % $752, % $262, % $1,014, % $552, % $773, % $276, % $1,049, % $580, % $796, % $290, % $1,086, % $610, % $827, % $305, % $1,132, % : Internal Rate of Return The Internal Rate of Return () is the rate of return compounded annually that would have to be earned on the initial deposit on an after tax basis to achieve the values shown. For Simplicity, the sideline interest rate of 1.00% is assumed to be a net after tax interest rate. Date Prepared: 06/30/ :35:09 PM L [exp0417] C Page 3 of 4 1%4%2%75%4%10056%7%3%9%0%10%0311%14%9

4 Let s say your needs change. Take a look at how your money can work for you while you re living. This chart also assumes you put 50.00% of the cash you have on the sidelines into MetLife Premier Accumulator UL: Policy Year Age Original Strategy Growth at 1.00% Hypothetical Asset Hypothetical MetLife Premier Accumulator UL Current Non- Guaranteed (CSV) Current Non- Guaranteed New Strategy Remaining Asset Hypothetical Asset Hypothetical Total New Strategy Non-Guaranteed CSV + Hypothetical Asset Non- Guaranteed Hypothetical 1 51 $505, % $249, % $252, % $502, % 2 52 $510, % $260, % $255, % $515, % 3 53 $515, % $270, % $257, % $528, % 4 54 $520, % $281, % $260, % $541, % 5 55 $525, % $292, % $262, % $554, % $552, % $350, % $276, % $626, % $580, % $416, % $290, % $707, % $610, % $492, % $305, % $797, % This report represents a supplement to the life insurance policy illustration that is being presented to you. It is based on current interest rates and charges which are not guaranteed. The basic illustration contains guaranteed values and other important information about the policy and the current assumptions shown on this specific page. This is a supplemental illustration designed solely to illustrate a concept and is not valid unless accompanied by the basic compliance illustration for the life insurance policy described and an Internal Rate of Return report. NOT VALID WITHOUT ALL PAGES. Date Prepared: 06/30/ :35:09 PM L [exp0417] C Page 4 of 4 1%4%2%75%4%10056%7%4%9%0%10%0311%14%A

5 Flexible Premium Adjustable Life Insurance Policy Illustration Prepared for: d Client Prepared by: Top Advisor Best Company North Community House Rd Charlotte, North Carolina, Tel: Insurance Products: Not a Deposit Not FDIC Insured Not Insured By Any Federal Government Agency Not Guaranteed By Any Bank Or Credit Union May Go Down In MetLife Insurance Company USA North Community House Road Charlotte, NC MetLife Premier Accumulator Universal Life insurance policy is issued in New York only by Metropolitan Life Insurance Company, 200 Park Avenue, New York, NY on policy form #1E NY and by MetLife Insurance Company USA, North Community House Road, Charlotte, NC on policy form #5E NC. Date Prepared: 06/30/ :35:09 PM L [exp0317][xNY][xGU,MP,VI] C Page 1 of 20 1%4%2%75%4%10056%7%5%9%0%10%0311%14%B

6 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation Initial Premium Outlay Illustrated Coverage Annual Semi-Annual Quarterly Monthly Bank Draft Policy Premiums $.00 $125, $62, $20, Total Amount $.00 $125, $62, $20, Please note, you have the option of choosing to have your life insurance policy premiums billed on a mode other than annual. Any changes to the amount, frequency and timing of premium payments as illustrated will have a direct impact on the policy's values. If premiums are paid more frequently than annually, the cash value will be lower than the cash values under an annual premium scenario. Based on the Initial Policy Premium shown in the header of this illustration, it is possible that other payment modes may be capped to prevent violation of certain premium rules and regulations. About This Illustration This illustration shows values for MetLife Premier Accumulator Universal Life (Flexible Premium Adjustable Life Insurance) insurance policy and any illustrated riders made part of this policy on a guaranteed and a non-guaranteed basis. This illustration does not change any provisions of your policy. Actual values and benefits may be more or less than those illustrated. If you apply for this policy and the insured's actual age, sex, or risk class, which is the basis on which the premiums are calculated, is different than shown above, the Representative will provide you with a revised illustration and can explain any differences to you. This illustration was designed to help you understand how this policy works and is not a projection of how it will perform on a nonguaranteed basis. A Brief Description of the Policy (Please read your policy for a more complete description and explanation of this coverage) MetLife Premier Accumulator (Flexible Premium Adjustable Life Insurance) is a permanent life insurance policy designed to allow flexible premiums and provide flexible death benefit protection. The non-guaranteed s and s are based on the amount of premium payments, charges, and the interest credited to the policy. MetLife Premier Accumulator Universal Life is a non-participating policy and does not pay dividends. Product guarantees are subject to the financial strength and claims paying ability of the issuing insurance company, MetLife Insurance Company USA. The Minimum Annual Premium to Issue is $1, Premium to Guarantee Coverage - $19, is the amount of the level annual premium that would guarantee coverage until maturity based on guaranteed expenses, charges and interest crediting rate assuming no loans, withdrawals or policy changes. A Continuation of the Policy Beyond Attained Age 121 provision is part of this policy. This provision provides for the continuation of the policy beyond the policy anniversary at the insured s attained age 121, provided the policy remains in force to age 121. For a Option A policy, the death benefit on or after attained age 121 will be the greater of: 1. the face amount of the policy on the date of the insured s death plus any rider death benefits determined as of the day prior to attained age 121 (if indicated in the rider); or Page 2 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%6%9%0%10%0311%14%C

7 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation percent of the cash value on the date of the insured s death. For a Option B policy, the death benefit on or after the attained age 121 will be the face amount of the policy on the date of the insured s death; plus any rider death benefits determined as of the day prior to attained age 121 (if indicated in the rider); plus the cash value on the date of the insured s death. Premiums cannot be paid on or after the maturity date, unless they are required under a Grace Period provision due to an excess loan and there will be no monthly deduction taken on or after the maturity date. Paying additional premiums will increase the cash value. What is Guaranteed There is a guaranteed minimum interest crediting rate. All net premiums less partial withdrawals, loans and policy charges and expenses, are credited daily with an interest rate guaranteed to be no less than 2.00% on an annualized basis. The portion of the policy cash value securing a loan is credited daily with an interest rate guaranteed to be no less than 2.00% on an annualized basis. The policy contract includes maximum cost of insurance rates and guaranteed expense and policy charges. What is Non-Guaranteed The interest rate actually credited may or may not exceed the guaranteed minimum interest crediting rate. All net premiums less partial withdrawals, loans and policy charges and expenses, are credited daily with a non-guaranteed, current interest rate of 4.45% as of 6/30/2016. The portion of the policy cash value securing a loan is credited daily with a non-guaranteed, current interest rate of 2.00% as of 6/30/2016. The cost of insurance rates and expense and policy charges may or may not be less than the maximum guaranteed rates and charges as stated in the policy contract. If the non-guaranteed, current crediting rate exceeds the guaranteed minimum interest crediting rate or, if the non-guaranteed, current cost of insurance rates and expense and policy charges are less than the guaranteed maximum rates and charges, your policy s can increase, thereby increasing the value of your life insurance policy. This illustration assumes that the currently illustrated non-guaranteed elements will continue unchanged for all years shown. This is not likely to occur, and actual results may be more or less favorable than those shown. Policy Charges and Expenses 1. A premium charge of 33.00% is assessed in the first year, 10.00% thereafter, until Target Premium is reached; and a premium charge of 3.00% is assessed in the first year, 5.00% thereafter after the Target Premium is reached under guaranteed assumptions on your policy. A premium charge of 33.00% is assessed in the first year, 8.00% thereafter, until Target Premium is reached and a premium charge of 3.00% is assessed in all years after Target Premium is reached under current assumptions on your policy. The Target Premium for your policy can be found in your contract, on page 4 of the Policy Specification pages and in the footer of this illustration. 2. A policy charge of $10.00 per month is assessed in all policy years. 3. The monthly coverage expense charge under guaranteed assumptions is $42.53 for years 1 through 20 and $0.00 thereafter. The monthly coverage expense charge under current assumptions is $38.65 for years 1 through 20 and $0.00 thereafter. These charges are calculated assuming that there are no Policy Changes; Policy Changes may change these charges. 4. The monthly cost of insurance is based on the insured s illustrated risk class. This amount will vary depending on the specifics of your policy. The monthly cost of insurance is calculated using a guaranteed rate or, for non-guaranteed values, the Company s current rate if lower. Page 3 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%7%9%0%10%0311%14%D

8 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation Charges There is a 15 year surrender charge which remains level for the first year and decreases monthly thereafter. The end of year full surrender charge for each of the 15 years from issue is respectively: $225, $216, $207, $197, $187, $169, $150, $131, $113, $94, $75, $57, $38, $19 and $0. These charges are calculated assuming that there are no Policy Changes; Policy Changes may change these charges. During the surrender charge period, a surrender charge will apply upon surrender, lapse, a withdrawal that decreases the Face Amount, a change in Option that decreases the Face Amount and a requested decrease in Face Amount. Page 4 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%8%9%0%10%0311%14%E

9 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation Life Insurance policies such as MetLife Premier Accumulator Universal Life must satisfy Section 7702 of the Internal Revenue Code (Code) for the Accumulation Test (CVAT). For CVAT the payable on the death of the insured will never be less than the minimum amount necessary to cause the policy to meet the Accumulation Test set forth in Section 7702(b) of the Code, as in effect on the date the policy was issued. In order to receive favorable tax treatment under the Code on policy distributions,life insurance policy premiums must be within certain limits during the first 7 policy years and during the first 7 policy years after certain policy changes. Distributions include surrender of policy values, policy loans or pledges to secure a loan. Failure to satisfy this limitation would cause the policy to become a Modified Endowment Contract (MEC) and cause distributions to be taxable (and possibly subject to a tax penalty if received before the recipient s age 59 1/2) to the extent there is a gain (generally, in excess of remaining basis) in the policy. As illustrated, based on the non-guaranteed charge and variable rate, this policy becomes a MEC in policy year 1. Proceeds from this policy are generally received by the beneficiary income tax free, subject to certain transferfor-value and other rules. In particular, in the case of a business owned policy, the provisions of section 101 (j) of the Code may limit the amount of the excludable from gross income unless a specified exception applies and a notice and consent requirement is satisfied. Consult your tax advisor. In most cases, you will not pay income taxes on Policy withdrawals until your cumulative withdrawn amounts exceed the cumulative premiums you have paid. If the Policy is a MEC, you will pay income taxes on loans and withdrawals to the extent of any gains (which is generally the excess of cash value over the premiums paid). In this case, an additional 10% penalty may also apply to recipients younger than 59 1/2. The death benefit may be subject to federal and state estate taxes, but your beneficiary will generally not be subject to federal income tax on the death benefit. As with any taxation matter, A Word About es you should consult with, and rely on, the advice of your own tax advisor. This illustration assumes a tax bracket of 28.00% Please also note, if you surrender your policy, or if your policy lapses while loans are outstanding, income tax could be payable on borrowed amounts. Please consult your tax or legal advisor. Any discussion of taxes is for general informational purposes only and does not purport to be complete or cover every situation, and should not be construed as legal, tax or accounting advice. You should consult with and rely on your own independent legal and tax advisers regarding your particular set of facts and circumstances. Page 5 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%9%9%0%10%0311%14%F

10 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation Interest Adjusted Indexes These indexes provide a means for evaluating the comparative cost of the policy under stated assumptions. In computing the indexes, an assumed rate of interest is applied in averaging the premiums paid and benefits available over a stated period of time, taking into account the time value of money. They can be useful in comparing Universal Life coverages only if the same premium and death benefit are assumed for each policy being compared. A lower index is better than a higher one. Indexes are approximate because they involve assumptions, including the rate of interest used. Interest Adjusted Indexes based on a 5.00% interest rate for the base policy: End of 10 Yrs. GUARANTEED End of 20 Yrs. NON-GUARANTEED End of 10 Yrs. End of 20 Yrs. Life Insurance Net Payment Cost Index $43.79 $27.13 $42.59 $25.74 Life Insurance Cost Index $15.91 $17.52 $5.91 $6.62 The difference between the total premiums paid and the cash value should not be used as the basis for determining policy cost. Page 6 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%10%9%0%10%0311%14%7

11 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation Premium Outlay columns below reflect the total of the annualized premium assumed to be paid during the policy year, less any values surrendered (partial withdrawals or force-outs), less any current loan, plus any loan interest paid out of pocket or any repayment of loans. This column assumes that premium payments are made as scheduled at the beginning of the modal period. End of Based on Guarantees Only At the Midpoint Scale At the Current Scale Premium Premium Premium Outlay Outlay Outlay Year , , , , , ,056 Year , , , , , ,507 Year , , , , , ,551 Total to Age 121 Based on Guarantees only, the policy would cease to be in force during policy year 31. At the Midpoint interest rate, the policy would cease to be in force during policy year 42. Signatures I have received a copy of this 20 page illustration and understand that any non-guaranteed elements illustrated are subject to change and could be either higher or lower. The Representative has told me that these elements are not guaranteed. I also understand the Riders that can be applied for on this policy, and all terms and conditions of these Riders have been explained to me. Further, I understand that this illustration was prepared using Accumulation Test. I realize this policy offers a choice of Internal Revenue Code Section 7702 tests and both were explained to me. This illustration may reflect future changes to the death benefit, the death benefit option, risk classifications or riders being terminated. It may also show future loans, withdrawals, and premium changes. These changes are included for illustrative purposes only. We will not process any policy changes until you request the change in writing. Please review your policy for details on when the changes will take effect. (Applicant) Date I certify that this illustration has been presented to the applicant in its entirety and that I have explained that any non-guaranteed elements illustrated are subject to change. I have made no statements that are inconsistent with the illustration. (Representative) Date Page 7 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%11%9%1%10%0311%14%9

12 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation Year Year is the policy year. Column Definitions illustrated withdrawals, illustrated policy loans and loan interest, and any applicable surrender charges. Age Age is the age the insured has attained by the end of the policy year. The insured s age is advanced by one year at the end of each policy year. The Age value is calculated by adding the corresponding Year value to the illustration issue age, identified in the illustration header as Age. The illustration issue age can be manually identified or automatically calculated based upon the insured s birthdate and the illustration effective date. In the issue age calculation, a 360 day year is assumed; therefore, if the insured s next birthday is 180 days or less from the illustration effective date, the insured s age on that next birthday becomes the issue age for the illustration purposes. Planned Annual Premium Outlay This column reflects the total of the annual out of pocket premiums net of any force-outs. It also includes any 1035 Exchange Amount or Lump Sum money received. Force-out is the money paid back to the policy owner so that the policy conforms to federal income tax guideline requirements for life insurance policies. Guaranteed s - Column, Column, and Column with Guaranteed Charges at a Guaranteed 2.00% Interest Rate These columns are determined and illustrated using the guaranteed interest rate of 2.00% and Guaranteed Cost of Insurance rates and other charges. The amount payable if the insured should die while this policy is in force, determined as of the date of death, at the end of the policy year. The amount shown reflects any illustrated withdrawals, illustrated policy loans and loan interest. Non-Guaranteed s - Column, Column, and s Column with Non-Guaranteed Charges at a Non-Guaranteed 4.45% Interest Rate These columns are determined and illustrated in the same manner as explained above for their guaranteed counterparts except that the current interest rate of 4.45% is used and current cost of insurance rates, premium charge, and current expense and policy charges are used rather than guaranteed assumptions. The non-guaranteed values shown in this illustration further assume that the illustrated interest rate, current cost of insurance rates, and expense and policy charges will continue unchanged for all years shown. This is not likely to occur, and actual results may be more or less favorable than those shown. The assumptions on which these values are based are subject to change by the insurer. The value of the policy at the end of the year, which is based upon the guaranteed interest rate, guaranteed insurance charges, and maximum expense and policy charges. The amount available on surrender of this policy, at the end of the policy year. It includes the values under the base policy and any illustrated riders. The amount shown reflects any Page 8 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%12%9%0%10%0311%14%9

13 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation Year Age Policy s Ledger s Assume Guaranteed Charges and a Guaranteed 2.00% Interest Rate Planned Annual Premium Outlay , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,454 82, , ,589 43, ,093 NOTES: Please see important notes on page 11 This report is not valid unless accompanied by all pages. Page 9 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%13%9%0%10%0311%14%A

14 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation Year Age Policy s Ledger s Assume Guaranteed Charges and a Guaranteed 2.00% Interest Rate Planned Annual Premium Outlay (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) NOTES: Please see important notes on page 11 This report is not valid unless accompanied by all pages. Page 10 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%14%9%0%10%0311%14%B

15 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation Year Age Policy s Ledger s Assume Guaranteed Charges and a Guaranteed 2.00% Interest Rate Planned Annual Premium Outlay (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) (*) 0(*) 0(*) NOTES: (1) and columns reflect withdrawals, any outstanding loans and any loan interest due. (2) 0(*)First appearing in value or benefit columns shows the year that your policy will lapse based on the premium shown, the indicated rate of return, and the applicable cost of insurance rates and other charges, unless a higher premium is paid. (3) Totals do not take into account that, because of inflation and interest, a dollar in the future may have less value than a dollar today. This report is not valid unless accompanied by all pages. Page 11 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%15%9%0%10%0311%14%C

16 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation Year Policy s Ledger s Assume Non-Guaranteed Charges and a Non-Guaranteed 4.45% Interest Rate Age Planned Annual Premium Outlay , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,672 Refer to the guaranteed ledger starting on page 9 for any guaranteed components of the policy. NOTES: Please see important notes on page 14 This report is not valid unless accompanied by all pages. Page 12 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%16%9%0%10%0311%14%D

17 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation Year Policy s Ledger s Assume Non-Guaranteed Charges and a Non-Guaranteed 4.45% Interest Rate Age Planned Annual Premium Outlay , , , , , , , , , , , , , ,340 1,018, , ,713 1,041, , ,834 1,065, , ,774 1,090, , ,718 1,116, , ,745 1,145, ,015,810 1,015,810 1,174, ,051,917 1,051,917 1,205, ,089,096 1,089,096 1,238, ,127,359 1,127,359 1,271, ,166,792 1,166,792 1,306, ,207,561 1,207,561 1,343, ,249,866 1,249,866 1,382, ,293,936 1,293,936 1,423, ,339,907 1,339,907 1,465, ,387,873 1,387,873 1,510, ,437,875 1,437,875 1,557, ,489,882 1,489,882 1,607, ,543,916 1,543,916 1,659, ,599,985 1,599,985 1,712, ,658,118 1,658,118 1,768, ,718,375 1,718,375 1,826, ,780,828 1,780,828 1,885, ,845,537 1,845,537 1,947, ,912,573 1,912,573 2,011, ,981,981 1,981,981 2,078,126 Refer to the guaranteed ledger starting on page 9 for any guaranteed components of the policy. NOTES: Please see important notes on page 14 This report is not valid unless accompanied by all pages. Page 13 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%17%9%0%10%0311%14%E

18 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation Year Policy s Ledger s Assume Non-Guaranteed Charges and a Non-Guaranteed 4.45% Interest Rate Age Planned Annual Premium Outlay ,053,752 2,053,752 2,146, ,116,305 2,116,305 2,206, ,179,303 2,179,303 2,268, ,240,999 2,240,999 2,332, ,300,804 2,300,804 2,394, ,358,340 2,358,340 2,454, ,413,594 2,413,594 2,511, ,467,340 2,467,340 2,566, ,521,646 2,521,646 2,619, ,581,209 2,581,209 2,671, ,656,696 2,656,696 2,724, ,774,920 2,774,920 2,802, ,898,404 2,898,404 2,927, ,027,384 3,027,384 3,057, ,162,103 3,162,103 3,193,724 Refer to the guaranteed ledger starting on page 9 for any guaranteed components of the policy. NOTES: (1) and columns reflect withdrawals, any outstanding loans and any loan interest due. (2) Coverage continues for the lifetime of the insured as long as sufficient premiums are paid. (3) Totals do not take into account that, because of inflation and interest, a dollar in the future may have less value than a dollar today. This report is not valid unless accompanied by all pages. Page 14 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%18%9%0%10%0311%14%F

19 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation Internal Rate of Return This supplemental illustration computes the rate of return that must be earned on an after-tax basis, each year, on the Net After Outlay shown in order to equal the total cash surrender value and death benefit payable at the death of the insured. Year Year is the policy year. Age Age is the age the insured has attained by the end of the policy year. The insured s age is advanced by one year at the end of each policy year. The Age value is calculated by adding the corresponding Year value to the illustration issue age, identified in the illustration header as Age. The illustration issue age can be manually identified or automatically calculated based upon the insured s birthdate and the illustration effective date. In the issue age calculation, a 360 day year is assumed; therefore, if the insured s next birthday is 180 days or less from the illustration effective date, the insured s age on that next birthday becomes the issue age for the illustration purposes. Net After Outlay Your Annual Contract Premium, including any 1035 Exchange or Lump Sum money received, minus surrenders and loans, plus any loan repayments, loan interest paid and estimated taxes due based on owner s tax bracket of 28.00%. Any loans or surrenders will reduce the policy s and. Any negative values shown in this column reflect values being paid to you. at 2.00% Guaranteed with Guaranteed Charges The amount available on surrender of this policy at the end of the policy year. It includes the values under the base policy and any illustrated riders. The amount shown reflects any illustrated withdrawals, illustrated policy loans and loan interest, and any applicable surrender charges. COLUMN DESCRIPTIONS Internal Rate of Return on at 2.00% Guaranteed with Guaranteed Charges This is the rate of return, compounded annually, that would have to be earned on the Net After Outlay in order to accumulate an amount equal to the life insurance policy s cash surrender value under guaranteed assumptions. es may be due if you take withdrawals from this policy. Yield on at 2.00% Guaranteed with Guaranteed Charges This is the rate of return, compounded annually, that would have to be earned on a taxable investment equivalent to the Net After Outlay in order to accumulate an amount equal to the life insurance policy's cash surrender value under guaranteed assumptions. value loans and withdrawals may be subject to tax depending on the circumstances. Therefore, this does not take into account any tax that may be due if you access cash value from this policy in any given year or upon lapse or surrender of the policy. rate used is owner's tax bracket indicated in A Word About es. at 2.00% Guaranteed with Guaranteed Charges End of year amount payable if the insured dies while the life insurance policy is in force. It includes the death benefit under the base policy and any illustrated riders on the life of the insured. The amount shown reflects any illustrated withdrawals, illustrated policy loans and loan interest. Internal Rate of Return on at 2.00% Guaranteed with Guaranteed Charges This is the rate of return, compounded annually, that would have to be earned on the Net After- Outlay in order to accumulate an amount equal to the life insurance policy's This is a supplemental life insurance illustration and is not valid unless accompanied by all pages and a basic illustration. Please refer to the Policy s Ledger for policy guarantees and other important information. Page 15 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%19%9%0%10%0311%14%G

20 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation under guaranteed assumptions. Yield on at 2.00% Guaranteed with Guaranteed Charges This is the rate of return, compounded annually, that would have to be earned on a taxable investment equivalent to the Net After Outlay in order to accumulate an amount equal to the life insurance policy s death benefit under guaranteed assumptions. value loans and withdrawals may be subject to tax depending on the circumstances. Therefore, this does not take into account any tax that may be due if you access cash value from this policy in any given year or upon lapse or surrender of the policy. rate used is owner s tax bracket indicated in A Word About es. at 4.45% Non-Guaranteed Hypothetical with Non-Guaranteed Charges The amount available on surrender of this policy at the end of the policy year. It includes the values under the base policy and any illustrated riders. The amount shown reflects any illustrated withdrawals, illustrated policy loans and loan interest, and any applicable surrender charges. Internal Rate of Return on at 4.45% Non-Guaranteed Hypothetical with Non- Guaranteed Charges This is the rate of return, compounded annually, that would have to be earned on the Net After Outlay in order to accumulate an amount equal to the life insurance policy s cash surrender under current assumptions. es may be due if you take withdrawals from this policy. Yield on at 4.45% Non-Guaranteed Hypothetical with Non-Guaranteed Charges This is the rate of return, compounded annually, that would have to be earned on a taxable investment equivalent to the Net After Outlay in order to accumulate an amount equal to the life insurance policy's cash surrender value under current assumptions. value loans and withdrawals may be subject to tax depending on the circumstances. Therefore, this does not take into account any tax that may be due if you access cash value from this policy in any given year or upon lapse or surrender of the policy. rate used is owner's tax bracket indicated in A Word About es. at 4.45% Non-Guaranteed Hypothetical with Non-Guaranteed Charges End of year amount payable if the insured dies while the life insurance policy is in force. It includes the death benefit under the base policy and any illustrated riders on the life of the insured. The amount shown reflects any illustrated withdrawals, illustrated policy loans and loan interest. Internal Rate of Return on at 4.45% Non- Guaranteed Hypothetical with Non-Guaranteed Charges This is the rate of return, compounded annually, that would have to be earned on the Net After Outlay in order to accumulate an amount equal to the life insurance policy's under current assumptions. Yield on at 4.45% Non- Guaranteed Hypothetical with Non-Guaranteed Charges This is the rate of return, compounded annually, that would have to be earned on a taxable investment equivalent to the Net After Outlay in order to accumulate an amount equal to the life insurance policy s death benefit under current assumptions. value loans and withdrawals may be subject to tax depending on the circumstances. Therefore, this does not take into account any tax that may be due if you access cash value from this policy in any given year or upon lapse or surrender of the policy. rate used is owner s tax bracket indicated in A Word About es. This is a supplemental life insurance illustration and is not valid unless accompanied by all pages and a basic illustration. Please refer to the Policy s Ledger for policy guarantees and other important information. Page 16 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%20%9%0%10%0311%14%8

21 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation Year Age Net After Outlay 2.00% Guaranteed with Guaranteed Charges On ** Yield On Internal Rate of Return On Yield On 4.45% Non-Guaranteed Hypothetical with Non-Guaranteed Charges On Yield On On Yield On , N/A 711, , N/A 733, , N/A 704, , , , N/A 704, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , N/A 704, , , , N/A 704, , , , N/A 704, , , NOTES: Please see important notes on page 20 This is a supplemental life insurance illustration and is not valid unless accompanied by all pages and a basic illustration. Please refer to the Policy s Ledger for policy guarantees and other important information. Page 17 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%21%9%0%10%0311%14%9

22 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation Year Age Net After Outlay 2.00% Guaranteed with Guaranteed Charges On ** Yield On Internal Rate of Return On Yield On 4.45% Non-Guaranteed Hypothetical with Non-Guaranteed Charges On Yield On On , N/A 704, , , , N/A 704, , , , N/A 704, , , , N/A 704, , , , N/A 704, , , , N/A 704, , , , N/A 704, , , , N/A 704, , , , N/A 704, , , , N/A 704, , , N/A , , , , , , , , , ,018, , ,041, , ,065, , ,090, , ,116, , ,145, NOTES: Please see important notes on page 20 Yield On This is a supplemental life insurance illustration and is not valid unless accompanied by all pages and a basic illustration. Please refer to the Policy s Ledger for policy guarantees and other important information. Page 18 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%22%9%0%10%0311%14%A

23 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation Year Age Net After Outlay 2.00% Guaranteed with Guaranteed Charges On ** Yield On Internal Rate of Return On Yield On 4.45% Non-Guaranteed Hypothetical with Non-Guaranteed Charges On Yield On On ,015, ,174, ,051, ,205, ,089, ,238, ,127, ,271, ,166, ,306, ,207, ,343, ,249, ,382, ,293, ,423, ,339, ,465, ,387, ,510, ,437, ,557, ,489, ,607, ,543, ,659, ,599, ,712, ,658, ,768, ,718, ,826, ,780, ,885, ,845, ,947, ,912, ,011, ,981, ,078, NOTES: Please see important notes on page 20 Yield On This is a supplemental life insurance illustration and is not valid unless accompanied by all pages and a basic illustration. Please refer to the Policy s Ledger for policy guarantees and other important information. Page 19 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%23%9%0%10%0311%14%B

24 Insured: d Client Risk Class: Male Elite Nonsmoker Age: 50 Initial Face Amount: $704,093 Initial Annual Policy Premium: $.00 Option: Option A (Level) Premium Payment Mode: Annual Life Insurance Test: Accumulation Year Age Net After Outlay 2.00% Guaranteed with Guaranteed Charges On ** Yield On Internal Rate of Return On Yield On 4.45% Non-Guaranteed Hypothetical with Non-Guaranteed Charges On Yield On On ,053, ,146, ,116, ,206, ,179, ,268, ,240, ,332, ,300, ,394, ,358, ,454, ,413, ,511, ,467, ,566, ,521, ,619, ,581, ,671, ,656, ,724, ,774, ,802, ,898, ,927, ,027, ,057, ,162, ,193, Yield On NOTES: (1) Totals do not take into account that, because of inflation and interest, a dollar in the future may have less value than a dollar today. (2) This report is not valid unless accompanied by all pages and the Basic Illustration. Please refer to the Policy s Ledger Illustration for policy guarantees and other important information. (3) ** If, in any policy year, there is no value in this column, the Internal Rate of Return cannot be calculated because there is no cash surrender value. (4) This illustration assumes that the currently illustrated non-guaranteed elements will continue unchanged for all years shown. This is not likely to occur, and actual results may be more or less favorable than those shown. This is a supplemental life insurance illustration and is not valid unless accompanied by all pages and a basic illustration. Please refer to the Policy s Ledger for policy guarantees and other important information. Page 20 of 20 Target Premium is 7,219.14; Maximum Initial Premium is.00; 7 Pay Premium is 38,929. 1%4%2%75%4%10056%7%24%9%0%10%0311%14%C