Whole Life Legacy 100 sm with LTCAccess sm Rider (LTCR) Basic Life Insurance Illustration and LTCR Summary

Transcription

1 Whole Life Legacy 100 sm with LTCAccess sm Rider () Basic Life Insurance Illustration and Summary The LTCAccess Rider is an Accelerated Death for Long Term Care Services Rider Prepared for: Valued Client Male, Age 45 Presented by: Woodrow Harrison Plum Financial 111 Gracie Drive Winterville, VT March 10, 2014 CR: LI6036CT Page 1 of 26

2 Whole Life Legacy 100 with Life Insurance Illustration and Summary Illustration Summary Prepared for: Underwriting Class: Underwriting Class: Client Information Valued Client, Male, Age 45 on-tobacco on-tobacco All face amounts, premiums, riders and underwriting classes are subject to Home Office approval. Issuing Company: Policy: Generic Policy ame: Policy Form umber: Generic Rider ame: Form umber: Policy Information Massachusetts Mutual Life Insurance Company Whole Life Legacy 100 with s Payable to Age 100 Whole Life Policy WL-CT-2011 Accelerated Death for Long Term Care Services Rider A-CT-2011 Initial Coverage Information Base Policy Face Amount (BPFA): $1,000, Initial Death : $1,000, Options Base Pool Residual Face Amount Initial Maximum Monthly Selected Period Maximum Monthly Increase Option (MMBIO) Base Paid-Up Additions (PUA) Available for Acceleration Initial Information Payment Mode: Annual Base : Accelerated Death for Terminal Illness Rider: Annual : $900, $100, $18, s o Yes Annual $20, o Charge Initial : $21, Initial Dividend Option Dividends used to purchase Paid-Up Additions. Dividends are not guaranteed and are subject to significant fluctuations over the lifetime of the policy. Changes in dividends will change all on-guaranteed values shown in this illustration. Base Policy Face Amount Increases Face Amount increases are not allowed. Important Information 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. Page 2 of 26

3 Whole Life Legacy 100 with Life Insurance Illustration and Summary Illustration Summary Changing the premium payment mode may increase the overall cost of the policy. Please see Payment Options in the arrative Summary for more information. As illustrated, this policy would not become a Modified Endowment Contract (MEC) under the Internal Revenue Code based on the assumptions in this illustration. As illustrated, this policy would not become a Modified Endowment Contract (MEC) under the Internal Revenue Code based on the assumptions. Please see the IMPORTAT TAX IFORMATIO section of the arrative Summary for more information. Policy Changes Your Illustration may show Policy Changes, such as face amount decreases, dividend option changes, the Alternate Payment Option (APO) strategy, loans, surrenders or changes to certain Rider premiums. Policy changes are not automatic. You must submit a request to our Home Office. Important Information about the Any changes you make to your policy may impact the benefits under the. Acceleration of benefits payments made under the will impact your policy's death benefit and cash values. Please carefully review the Summary in this illustration. Coverage for whole life insurance and the rider may require a medical examination. The benefits of the are available through the Whole Life Legacy 100 policy. The policy and the could be appropriate for a policy owner who needs life insurance protection and is also looking for flexibility to access the policy's death benefit to pay for long term care needs. If your only purpose for purchasing the Whole Life Legacy 100 with is to pay for long term care expenses, you may wish to consider other options. Page 3 of 26

4 Whole Life Legacy 100 with Life Insurance Illustration and Summary arrative Summary What This Illustration Shows This illustration describes the important features of this MassMutual Whole Life Legacy 100 life insurance policy with (also known as LTCAccess sm Rider) and shows values over time on a guaranteed and non-guaranteed basis. It is designed to help you understand how this policy works. It is not a projection of how it will perform. The following pages provide a summary (and year-by-year figures) for required premiums, cash surrender values and death benefits, anticipated out-of-pocket premium payments, and other values for this policy. Many of the current values contained in this illustration depend on non-guaranteed dividends. This illustration also includes an Summary that describes how the interacts with the Whole Life Legacy 100 policy. Refer to the Summary and the illustrated values thereafter to see the benefits provided by the and how the payment of those benefits will impact the premium, cash surrender values and death benefits of the Whole Life Legacy 100 policy. What is Whole Life Legacy 100? What is? Whole Life Legacy 100 is a permanent life insurance policy providing a guaranteed face amount. s are payable to Age 100. The duration of premiums for riders varies according to the terms of the rider. The policy provides for cash value accumulation and for the payment of dividends as may be determined by the Company. is a rider that provides for payment of expenses for certain long term care services received by the insured through the acceleration of the life insurance policy's death benefit. The Rider must be applied for and attached at the time the Whole Life Legacy 100 policy is applied for and issued. A benefit pool, benefit period and maximum monthly benefit will be selected at time of application. These terms as well as other terms, benefits, exclusions, limitations and other features of the are described in more detail in the Summary that is included with this Illustration. IMPORTAT IFORMATIO ABOUT DIVIDEDS As a MassMutual participating policyholder, you are eligible to receive an equitable portion of the Company's earnings, known as "divisible surplus", in the form of policy dividends. The surplus from which dividends are paid comes primarily from three sources: 1. Mortality Savings - The favorable margin between actual death claim experience and the amount expected based on the mortality table used to determine the premium. 2. Investment Earnings - Earnings on Company investments that exceed the guaranteed interest required to build up death benefit reserves and meet contractual obligations. The guaranteed interest rate for a particular policy or rider is set at issue and does not change over the life of the policy. The guaranteed interest rate is reflected in the policy's guaranteed cash value increases. 3. Expenses - The difference between actual expenses incurred and the expenses assumed in determining the premium. Page 4 of 26

5 Whole Life Legacy 100 with Life Insurance Illustration and Summary arrative Summary This illustration assumes that the dividend option is Paid-Up Additions for all years shown. The annual dividend, if any, is used to buy additional level paid-up life insurance, adding to the policy's death benefit and total cash value. "Paid-up" means that no further premiums are required on the additional life insurance. This additional insurance is also eligible to receive dividends. Paid-up additions may be surrendered for their cash value as long as they are not being used as collateral for policy debt. on-guaranteed values are based on the 2014 dividend scale. This illustration assumes a policy with an adjustable policy loan interest rate provision. It is important to understand that the payment of dividends is not guaranteed; dividends are a reflection of conditions that affect the Company and the cost of insurance. Dividend performance may, and most likely will, change over time. For this reason we strongly recommend that you look at an illustration showing a lower dividend scale to see the impact that this would have on policy values. This illustration is neither a projection nor an estimate of future results. Transfer of policy ownership to a qualified pension or profit sharing plan could result in different dividends. IMPORTAT TAX IFORMATIO As illustrated, this policy would not become a Modified Endowment Contract (MEC) under the Internal Revenue Code based on the assumptions in this illustration. As illustrated, this policy would not become a Modified Endowment Contract (MEC) under the Internal Revenue Code based on the assumptions. Changes to the policy could cause the policy to become a MEC or change the year that the policy is illustrated to become a MEC. A Modified Endowment Contract (MEC) distinguishes between a policy purchased primarily for death protection and a policy purchased primarily for the tax advantages afforded to life insurance cash values. Once a policy is classified as a MEC, it receives less advantageous federal income tax treatment (see below). To determine if a contract is a MEC, a premium limit (the MEC limit) is established for the maximum amount of premium allowed during the first seven years, based upon rules set by the Internal Revenue Code. Under the MEC test, a MEC results if the cumulative amount paid at any time in the first seven years exceeds the cumulative MEC limit applicable in that policy year. Certain changes to the policy can subject the policy to MEC testing beyond the first seven years or can cause premiums already paid to be re-tested. Surrenders and distributions are subject to income tax to the extent they exceed the policy's cost basis. If the policy is a MEC, distributions and loans are taxable to the extent of gain and may be subject to a 10% tax penalty. Death benefit proceeds from this policy are generally excludable from the beneficiary's gross income for income tax purposes (IRC Section 101(a)(1)). Policy loans on non-mec policies are not treated as distributions or subject to income tax when taken (IRC Section 72). However, if the policy is not held until death, taxes are generally due on surrender or lapse and may in fact exceed the policy's et Surrender Value if prior loans and surrenders were extensive. Page 5 of 26

6 Whole Life Legacy 100 with Life Insurance Illustration and Summary arrative Summary There may be other income tax consequences if this policy is not owned by the insured. These may include income and/or gift tax liability of the amounts received for payment of the insured's expenses for long term care services, and the potential for inclusion of the policy's death benefit in the insured's estate for estate tax purposes. Since benefits under the may be taxable, you should seek assistance from a tax advisor before accelerating benefits under the. The information provided above is not written or intended as specific tax advice and may not be relied on for purposes of avoiding any federal tax penalty. Individuals are strongly encouraged to seek advice from their own personal tax or legal counsel, in particular if the policy will be owned by a person other than the insured or by an entity, such as an irrevocable life insurance trust. Riders Illustrated Accelerated Death for Terminal Illness Rider (ABR) The Accelerated Death for Terminal Illness Rider allows the policy owner to receive an advance of policy death benefits when MassMutual receives satisfactory proof the insured has a terminal illness expected to result in death within the period set forth in the Rider. The funds may be used for any purpose. This rider terminates upon acceleration or if benefits are accelerated under the. There is no cost for the addition of this rider however there is a fee if the rider is exercised. Interest Adjusted Cost (IAC) Comparison Index Life Insurance Surrender Cost Index Life Insurance et Payment Cost Index 10 $5.82 $16.52 Policy 20 $4.65 $14.56 The Interest Adjusted Cost Comparison Indices provide two means of comparing the relative cost of similar plans of insurance issued by the same company or by different companies. A low index number represents a lower cost than a higher one. These indices reflect the time value of money by applying a 5% interest factor to policy premiums, dividends, and for the surrender cost index, the 10 and 20 year cash values. The dividends used in calculating these indices are based on the current year's scale and are neither guarantees nor estimates of future dividends. The indices do not consider: (1) the value of the services of an agent or company; (2) the relative strength and reputation of the Company and its actual dividend performance; or (3) differences in the policy provisions. Additional Information About This Illustration The fully allocated expense method is used to allocate overhead expenses for all illustrations. This illustration, using a 5.45% policy loan rate, is for a policy issued in Connecticut on ovember, This rate may change on each policy anniversary date. This illustration does not recognize the time value of money and should not be used to compare policy costs. See IAC section of the arrative Summary page for policy cost information. Page 6 of 26

7 Whole Life Legacy 100 with Life Insurance Illustration and Summary arrative Summary Column Heading Definitions Age Annual Outlay Annual Waiver Cash Surrender Value Cash Value of Additions Contract Prem for Gtd Values Contract Guaranteed Cash Value Guaranteed Death Annual Base Pool Cash Value Lien Current Dividend Charge The age of the insured at the end of the policy year. The annual outlay at the beginning of the policy year. This is the out-of-pocket cost, which is comprised of the Contract adjusted for any dividends, Paid-Up Additions surrendered, cash value released, loans taken and loan repayments made. This amount will be adjusted by the Annual Waiver if benefits are accelerated under the. This amount does not include the Annual amount or any policy loan repayment that would be made under the. The annual amount waived at the beginning of the policy year that will reduce the payment of the Contract when accelerated benefit payment is made under the. This includes the waiver of the entire premium and a portion of the Contract. The et Cash Value less the Cash Value Lien. This is the amount payable if the policy was surrendered at the end of the policy year. The total cash value as of the end of the policy year of the Paid-Up Additions purchased by dividends earned on the base policy. These values are based on the illustrated dividend scale and are not guaranteed. The gross premium that is required to be paid at the beginning of the policy year for the guaranteed values and benefits shown in this illustration including the Maximum premium. The gross premium that is required to be paid at the beginning of the policy year for the benefits shown in this illustration. The cash value which is guaranteed under this policy based upon the illustrated Contract for Guaranteed Values as of the end of the policy year. The amount of death benefit which is guaranteed to be payable for this policy at death based upon the illustrated Contract for Guaranteed Values as of the end of the policy year. The amount of the policy's death benefit that has been accelerated for the year under the. This assumes payment of the Maximum Monthly for the illustrated claim, limited by the Remaining Pool. The amount of base policy Face Amount available for acceleration under the at the beginning of the policy year. The cash value as of the end of the year for the portion of the policy's Face Amount and any Paid-Up Additions that have been accelerated under the. The current charge deducted from the policy dividends before the purchase of the Paid- Up Additions that are included in the Dividends Pool. Page 7 of 26

8 Whole Life Legacy 100 with Life Insurance Illustration and Summary arrative Summary Current Death (DB) Lien Dividends Pool Maximum Monthly Maximum Min Payout Period (in Months) Remaining Pool Pool Current Charges et Cash Value et Death et Dividend The non-guaranteed premium that will be charged at the beginning of the policy year for the. This premium may increase after the first policy year but will never be greater than the Maximum. The lien against the policy's total death benefit amount as of the end of the policy year for the amount of accelerated benefit payments under the. This amount reduces the death benefit that is payable on the death of the insured. The amount of Paid-Up Additions purchased by the base policy dividends that are available for acceleration at the beginning of the year. These values are based on the illustrated dividend scale and are not guaranteed. The maximum monthly amount available for acceleration under the at the beginning of the policy year including any increase in the maximum amount available for payment each month under the Maximum Monthly Increase Option, if chosen. The guaranteed maximum. The minimum period (in months) under the for which the Maximum Monthly would be payable if accelerated benefits started at the beginning of that policy year. This assumes that no further Paid-Up Additions are added to the Dividends Pool and no Paid-Up Additions are surrendered after the accelerated benefits start at the beginning of that year. The benefit pool that remains available for benefits as of the end of the policy year. The total amount available for payment of accelerated benefits under the as of the beginning of the policy year. It is equal to the sum of the Base Pool and the Dividends Pool. This is also referred to as the Maximum Lifetime Rider. The sum of the Current at the beginning of the year and the Current Dividend Charge at the beginning of the year. The cash value as of the end of the policy year reduced by outstanding loans and loan interest. These values are based on the illustrated dividend scale and are not guaranteed. This value does not reflect any reductions due to an Cash Value Lien that would result if an accelerated payment was made under the. The death benefit of the policy as of the end of the policy year reduced by outstanding loans and loan interest. These values are based on the illustrated dividend scale and are not guaranteed. This value does not reflect any reductions due to the death benefit lien that would result if an accelerated benefit payment was made under the. The total annual dividend reduced by the Dividends Pool Rider Charge at the end of the policy year. This charge will be a percentage of the policy dividends that are used to purchase Paid-Up Additions that will be included in the Dividends Pool and available for acceleration under. These values are based on the illustrated dividend scale and are not guaranteed. Page 8 of 26

9 Whole Life Legacy 100 with Life Insurance Illustration and Summary arrative Summary Paid-Up Additions Payable Death Cash Value Death Paid-Up Insurance The additional paid-up insurance death benefit as of the end of the policy year purchased by dividends earned on the base policy. These values are based on the illustrated dividend scale and are not guaranteed. This is the amount that would be payable if death occurred at the end of the policy year. This is equal to the et Death less the Death (DB) Lien. These values are based on the illustrated dividend scale and are not guaranteed. The total cash value as of the end of the policy year including all guaranteed and nonguaranteed values. These values are based on the illustrated dividend scale and are not guaranteed. This value does not reflect a reduction due to the cash value lien that would result if an accelerated benefit payment was made under the. This is the amount that would be payable if death occurred at the end of the policy year. These values are based on the illustrated dividend scale and are not guaranteed. This value does not reflect a reduction due to the Death Lien that would result if an accelerated benefit payment was made under the. The amount of fully paid-up insurance that could be purchased if the policy were converted to a fully paid-up policy as of the end of the policy year. These values are based on the illustrated dividend scale and are not guaranteed. The number of years the policy is assumed to have been in force at the end of the policy year. Key Terms Used in the Illustration Death Midpoint Assumptions Attained Age The first day of the policy year. All premium payments and other outlays are assumed to be made at the beginning of the year. The last day of the policy year. Dividends are assumed to be credited on this date. All cash values are shown as of the end of the policy year. The amount payable upon death of the insured. Values are calculated assuming that the dividends are reduced by 50% and any policy charges included are an average between the current and guaranteed charges. Issue age plus policy duration years. Page 9 of 26

10 Whole Life Legacy 100 with Life Insurance Illustration and Summary arrative Summary Payment Options: You may pay premiums once a year (annually), twice a year (semiannually), four times a year (quarterly) or twelve times a year (monthly). You may pay premiums twelve times a year (monthly) only by pre-authorized electronic transfer. If you pay annual premiums by installments, there will be an additional charge. The additional charge is shown in dollars and as annual percentage rates in the table below. Frequency Payment (Including Installment Payment Charge) umber of Payments Per Per Additional Charge (In Dollars) Additional Charge (As the Annual Percentage Rate or APR) Annual $21, $21, $ Semiannual $10, $21, $ % Quarterly $5, $21, $ % Monthly $1, $21, $ % Consider Additional Coverage In some cases, the cost per unit of the Whole Life Legacy 100 policy may be lower with a higher Base Policy Face Amount. You should consult with your agent about whether applying for more coverage is appropriate. Additional underwriting requirements may apply to larger face amounts, and premiums may be higher. Page 10 of 26

11 Whole Life Legacy 100 with Life Insurance Illustration and Summary Policy: Whole Life Legacy 100 with s Payable to Age 100 Base Policy Face Amount: $1,000,000 Riders: ABR Annual : $20, Annual : $ umeric Summary and Signature Page Dividend Option: Dividends used to purchase Paid-Up Additions. Dividends are not guaranteed and are subject to significant fluctuations over the lifetime of the policy. Changes in dividends will change all on-guaranteed values shown in this illustration. To help you understand how changes in non-guaranteed dividends may affect your future policy values, this umeric Summary and Signature Page shows how your policy would perform based on each of the following dividend scenarios: 1) Guaranteed: The guaranteed policy values, i.e., zero dividends. 2) on-guaranteed Midpoint: 50% of the Company's currently illustrated dividend. 3) on-guaranteed Current: The Company's currently illustrated dividend. on-guaranteed Values Guaranteed Values Midpoint Assumptions Current Assumptions Contract Prem for Cash Death Contract Cash Death Contract Cash Death Gtd Values Value Value Value 5 21,513 48,240 1,000,000 21,260 55,722 1,021,391 21,006 63,461 1,043, , ,300 1,000,000 21, ,029 1,062,740 21, ,489 1,132, , ,030 1,000,000 21, ,690 1,179,058 21, ,045 1,403,394 Age 70 21, ,070 1,000,000 21, ,349 1,277,681 21, ,449 1,644,238 I have received a copy of this illustration and understand that any non-guaranteed elements illustrated are subject to significant fluctuations and could be either higher or lower. The agent has told me they are not guaranteed. I understand that this illustration is not a contract. I also understand that any policy changes reflected in this illustration are not automatic, but must be submitted in writing to the Home Office. The terms of the policy constitute the actual agreement of coverage. I further understand I have the right to request a hypothetical lower scale illustration to see the potential impact of a lower dividend interest rate on my policy values. I have read and understand the IMPORTAT TAX IFORMATIO section in the arrative Summary. I have read and understand the Summary for the Accelerated Death for Long Term Care Services Rider that is included with this illustration. Applicant (At time of application) Owner (At time of delivery) Date I certify that this illustration has been presented to the applicant and that I have explained that any non-guaranteed elements illustrated are subject to change. I have made no statements that are inconsistent with this illustration. Agent Date Page 11 of 26

12 Whole Life Legacy 100 with Life Insurance Illustration and Summary Policy: Whole Life Legacy 100 with s Payable to Age 100 Base Policy Face Amount: $1,000,000 Riders: ABR Annual : $20, Annual : $ Tabular Values Dividend Option: Dividends used to purchase Paid-Up Additions. Dividends are not guaranteed and are subject to significant fluctuations over the lifetime of the policy. Changes in dividends will change all on-guaranteed values shown in this illustration. ====on-guaranteed Values==== Age End Contract Prem for Gtd Values Guaranteed Guaranteed Death Cash Value Contract et Dividend Cash Value of Additions Cash Value Paid-Up Additions Death Paid-Up Insurance , ,000,000 21, ,000, , ,000,000 21, ,000, ,513 14,350 1,000,000 21,006 4,449 4,449 18,799 13,574 1,013,574 57, ,513 31,030 1,000,000 21,006 4,895 9,491 40,521 28,031 1,028, , ,513 48,240 1,000,000 21,006 5,417 15,221 63,461 43,517 1,043, , ,513 65,960 1,000,000 21,006 6,027 21,749 87,709 60,201 1,060, , ,513 84,180 1,000,000 21,006 6,344 28, ,985 77,204 1,077, , , ,830 1,000,000 21,006 6,789 36, ,357 94,829 1,094, , , ,880 1,000,000 21,006 7,255 44, , ,078 1,113, , , ,300 1,000,000 21,006 7,818 54, , ,143 1,132, , , ,010 1,000,000 21,006 8,419 64, , ,055 1,152, , , ,040 1,000,000 21,006 9,047 75, , ,819 1,172, , , ,370 1,000,000 21,006 9,664 87, , ,355 1,194, , , ,160 1,000,000 21,006 10,153 99, , ,326 1,216, , , ,410 1,000,000 21,006 10, , , ,909 1,238, , , ,320 1,000,000 21,006 12, , , ,756 1,264, , , ,410 1,000,000 21,006 14, , , ,044 1,294, , , ,590 1,000,000 21,006 17, , , ,944 1,326, , , ,790 1,000,000 21,006 19, , , ,521 1,363, , , ,030 1,000,000 21,006 21, , , ,394 1,403,394 1,034, , ,310 1,000,000 21,006 23, , , ,079 1,446,079 1,097, , ,710 1,000,000 21,006 26, , , ,675 1,491,675 1,162, , ,300 1,000,000 21,006 28, , , ,938 1,539,938 1,229, , ,060 1,000,000 21,006 30, , , ,876 1,590,876 1,298, , ,070 1,000,000 21,006 32, , , ,238 1,644,238 1,369, , ,230 1,000,000 21,006 35, , , ,185 1,700,185 1,441, , ,510 1,000,000 21,006 37, , , ,975 1,758,975 1,516, , ,580 1,000,000 21,006 41, ,761 1,053, ,333 1,821,333 1,593, , ,510 1,000,000 21,006 44, ,142 1,130, ,171 1,887,171 1,674, , ,350 1,000,000 21,006 47, ,749 1,212, ,462 1,956,462 1,757,225 Current s Coverage Face Amount Annually Semi-Annually Quarterly Monthly Base Policy Insurance 1,000,000 20, , , , Base Pool 900, on-guaranteed values include dividends which are neither estimates nor guarantees, but are based on the 2014 dividend scale. The dividend scale is reviewed annually and it is likely that dividends in future years will be lower or higher depending on the Company's actual experience. For this reason, we strongly recommend that you look at a hypothetical lower scale illustration available upon request. Refer to the arrative Summary for assumptions, explanations and additional information. Page 12 of 26

13 Whole Life Legacy 100 with Life Insurance Illustration and Summary Policy: Whole Life Legacy 100 with s Payable to Age 100 Base Policy Face Amount: $1,000,000 Riders: ABR Annual : $20, Annual : $ Tabular Values Dividend Option: Dividends used to purchase Paid-Up Additions. Dividends are not guaranteed and are subject to significant fluctuations over the lifetime of the policy. Changes in dividends will change all on-guaranteed values shown in this illustration. ====on-guaranteed Values==== Age End Contract Prem for Gtd Values Guaranteed Guaranteed Death Cash Value Contract et Dividend Cash Value of Additions Cash Value Paid-Up Additions Death Paid-Up Insurance , ,070 1,000,000 21,006 50, ,252 1,297,322 1,028,562 2,028,562 1,842, , ,670 1,000,000 21,006 53, ,492 1,386,162 1,103,119 2,103,119 1,929, , ,030 1,000,000 21,006 56, ,686 1,478,716 1,180,426 2,180,426 2,018, , ,980 1,000,000 21,006 59, ,991 1,574,971 1,260,790 2,260,790 2,110, , ,400 1,000,000 21,006 63,794 1,021,742 1,675,142 1,344,752 2,344,752 2,204, , ,250 1,000,000 21,006 67,467 1,106,785 1,779,035 1,432,045 2,432,045 2,301, , ,420 1,000,000 21,006 71,875 1,196,690 1,887,110 1,523,553 2,523,553 2,402, , ,000 1,000,000 21,006 76,091 1,291,353 1,999,353 1,618,947 2,618,947 2,506, , ,040 1,000,000 21,006 80,409 1,390,865 2,115,905 1,718,285 2,718,285 2,614, , ,490 1,000,000 21,006 84,664 1,495,118 2,236,608 1,821,427 2,821,427 2,724, , ,220 1,000,000 21,006 89,602 1,604,592 2,361,812 1,929,153 2,929,153 2,839, , ,170 1,000,000 21,006 94,615 1,719,174 2,491,344 2,041,508 3,041,508 2,958, , ,270 1,000,000 21,006 99,090 1,838,209 2,624,479 2,157,827 3,157,827 3,080, , ,520 1,000,000 21, ,472 1,961,512 2,761,032 2,277,993 3,277,993 3,206, , ,980 1,000,000 21, ,726 2,088,897 2,900,877 2,401,859 3,401,859 3,335, , ,710 1,000,000 21, ,483 2,219,907 3,043,617 2,528,858 3,528,858 3,467, , ,220 1,000,000 21, ,415 2,354,503 3,189,723 2,658,023 3,658,023 3,600, , ,710 1,000,000 21, ,119 2,492,780 3,339,490 2,789,062 3,789,062 3,736, , ,470 1,000,000 21, ,532 2,635,042 3,493,512 2,921,592 3,921,592 3,873, , ,900 1,000,000 21, ,677 2,781,904 3,652,804 3,055,224 4,055,224 4,011, , ,710 1,000,000 21, ,005 2,935,116 3,819,826 3,189,997 4,189,997 4,151, , ,490 1,000,000 21, ,148 3,097,364 3,998,854 3,324,315 4,324,315 4,291, , ,330 1,000,000 21, ,948 3,272,642 4,195,972 3,456,274 4,456,274 4,431, , ,920 1,000,000 21, ,855 3,467,771 4,421,691 3,582,149 4,582,149 4,567, ,513 1,000,000 1,000,000 21, ,540 3,696,689 4,696,689 3,696,689 4,696,689 4,696, ,000,000 1,000, ,147 3,998,836 4,998,836 3,998,836 4,998, ,000,000 1,000, ,605 4,320,441 5,320,441 4,320,441 5,320, ,000,000 1,000, ,316 4,662,757 5,662,757 4,662,757 5,662, ,000,000 1,000, ,362 5,027,119 6,027,119 5,027,119 6,027, ,000,000 1,000, ,826 5,414,945 6,414,945 5,414,945 6,414, ,000,000 1,000, ,802 5,827,748 6,827,748 5,827,748 6,827, ,000,000 1,000, ,387 6,267,135 7,267,135 6,267,135 7,267, ,000,000 1,000, ,683 6,734,818 7,734,818 6,734,818 7,734, ,000,000 1,000, ,802 7,232,620 8,232,620 7,232,620 8,232, ,000,000 1,000, ,861 7,762,481 8,762,481 7,762,481 8,762,481 on-guaranteed values include dividends which are neither estimates nor guarantees, but are based on the 2014 dividend scale. The dividend scale is reviewed annually and it is likely that dividends in future years will be lower or higher depending on the Company's actual experience. For this reason, we strongly recommend that you look at a hypothetical lower scale illustration available upon request. Refer to the arrative Summary for assumptions, explanations and additional information. Page 13 of 26

14 Whole Life Legacy 100 with Life Insurance Illustration and Summary Policy: Whole Life Legacy 100 with s Payable to Age 100 Base Policy Face Amount: $1,000,000 Riders: ABR Annual : $20, Annual : $ Tabular Values Dividend Option: Dividends used to purchase Paid-Up Additions. Dividends are not guaranteed and are subject to significant fluctuations over the lifetime of the policy. Changes in dividends will change all on-guaranteed values shown in this illustration. ====on-guaranteed Values==== Age End Contract Prem for Gtd Values Guaranteed Guaranteed Death Cash Value Contract et Dividend Cash Value of Additions Cash Value Paid-Up Additions Death Paid-Up Insurance ,000,000 1,000, ,984 8,326,465 9,326,465 8,326,465 9,326, ,000,000 1,000, ,304 8,926,769 9,926,769 8,926,769 9,926, ,000,000 1,000, ,964 9,565,733 10,565,733 9,565,733 10,565, ,000,000 1,000, ,113 10,245,846 11,245,846 10,245,846 11,245, ,000,000 1,000, ,913 10,969,759 11,969,759 10,969,759 11,969, ,000,000 1,000, ,532 11,740,291 12,740,291 11,740,291 12,740, ,000,000 1,000, ,155 12,560,446 13,560,446 12,560,446 13,560, ,000,000 1,000, ,973 13,433,419 14,433,419 13,433,419 14,433, ,000,000 1,000, ,192 14,362,611 15,362,611 14,362,611 15,362, ,000,000 1,000, ,032 15,351,643 16,351,643 15,351,643 16,351, ,000,000 1,000, ,052,726 16,404,369 17,404,369 16,404,369 17,404,369 on-guaranteed values include dividends which are neither estimates nor guarantees, but are based on the 2014 dividend scale. The dividend scale is reviewed annually and it is likely that dividends in future years will be lower or higher depending on the Company's actual experience. For this reason, we strongly recommend that you look at a hypothetical lower scale illustration available upon request. Refer to the arrative Summary for assumptions, explanations and additional information. Page 14 of 26

15 Whole Life Legacy 100 with Life Insurance Illustration and Summary Summary This Summary describes some of the terms, provisions, benefits, exclusions and limitations provided under the, and shows how the benefits of the interact with the benefits provided by the Whole Life Legacy 100 life insurance policy. This Summary includes the illustrated policy values that follow these narrative pages. The benefits of the are available through the Whole Life Legacy 100 policy. The policy and the could be appropriate for a policy owner who needs life insurance protection and is also looking for flexibility to access the policy's death benefit to pay for long term care needs. If your only purpose for purchasing the Whole Life Legacy 100 with is to pay for long term care expenses, you may wish to consider other options. About the The is an accelerated death benefit rider that can be purchased with the Whole Life Legacy 100 life insurance policy. The will permit acceleration of a portion of the policy's death benefit for the expenses for long term care services received by the insured. A portion of the policy's face amount is not available for acceleration. This is referred to as the Residual Face Amount which you must select at time of application and cannot be changed after the policy is issued. You must apply for the together with the life insurance policy. The is not available after the policy is issued. MassMutual separately underwrites the and may decline to issue the even if it issues the life insurance policy. When you apply for the, you will need to select the following: Base Pool: This is the portion of the policy face amount available for acceleration. Selected Period: This is the initial period over which accelerated benefit payments can be payable. (See Important ote below). Based on these selections, you will be able to calculate the Maximum Monthly. This is the maximum monthly amount that we will pay. Dividends Pool. Although dividends are not guaranteed, you may elect to have Paid-Up Additions purchased by your policy's dividends (excluding dividends payable under any rider) included for acceleration. The amount of Paid-Up Additions includible for acceleration is referred to as the Dividends Pool. Only Paid-Up Additions purchased from the Whole Life Legacy 100 policy dividends may be included in the Dividends Pool; Paid-Up Additions purchased by dividends received from any rider attached to the policy will not be included in the Dividends Pool. Once the total amount of Accelerated Payments equals or exceeds the Base Pool, no further Paid-Up Additions will be added to the Dividends Pool. For more information about dividends and Paid-Up Additions, refer to the arrative Summary at the beginning of this Illustration. Maximum Lifetime Rider. The Maximum Lifetime Rider is the sum of the Base Pool and the Dividends Pool. This is the maximum amount of accelerated benefits that can be paid under the. The Maximum Lifetime Rider may be impacted by actions you take on your policy. See Effect of Policy Transactions on in this Summary. Maximum Monthly Increase Option. The Maximum Monthly Increase Option provides the ability, beginning at age 61 (or the first policy anniversary if the issue age is 61 or greater), to access the Base Pool and Dividends Pool (if available) more quickly, by increasing the Maximum Monthly. The Maximum Monthly Increase Option does not increase the total amount of the Base Pool or the Dividends Pool, but only increases the maximum amount available for payment each month. Beginning at age 61 (or the first policy anniversary if the issue age is 61 or greater) the Maximum Monthly at issue will be increased each year by an amount equal to 4% of the Initial Maximum Monthly. Because a larger amount can be paid each month, the period during which claims may be paid is likely to be shorter than the Selected Period. Page 15 of 26

16 Whole Life Legacy 100 with Life Insurance Illustration and Summary Summary Important ote - The benefit period under the may be shorter or longer than the Selected Period: If the claim for benefits for a policy month is less than the Maximum Monthly, any unused amounts in the Base Pool may extend the period over which claims are paid. The Dividends Pool may extend the period over which claims are paid. The Maximum Monthly Increase Option may decrease the period over which claims are paid. o Inflation Protection The does OT provide an inflation protection option. This means that the Maximum Lifetime Rider does OT increase with inflation or with the cost of living. The s and Charges There is a premium for the that will be included with your premiums for your policy and any other riders. In no event will the premium exceed the maximum premium which will be set forth in the. There is an additional cost if you elect the Maximum Monthly Increase Option, and this will result in higher premiums. There is also a charge to create a Dividends Pool. The charge will be a percentage of the dividend and will be deducted from the policy dividends paid before the purchase of Paid-Up Additions. As a result, Paid-Up Additions (and associated cash values) will be lower if Paid-Up Additions are elected for acceleration. In no event will the charge exceed the maximum charge which will be set forth in the. If you elect the Maximum Monthly Increase Option, the charge will be a higher percentage. The rider is guaranteed renewable. This means that you have the right, subject to the terms of the, to continue the as long as you pay your premiums on time. After the first premium has been paid, we allow a grace period to pay each following premium. If the premium is not paid by the thirtieth (30th) day after its due date, we will provide written notice to the Owner and the Insured, if different, and any individual designated by the Owner or the Insured, if different, to receive notice of non-payment of premium. If the premium is not paid within thirty-six (36) days after notice is sent, this Policy will lapse for non-payment of premium. In order to be considered paid during the grace period, any payments sent by U.S. mail must be postmarked within the grace period. During this grace period the policy remains in full force. If a premium is not paid by the end of the Grace Period, this policy will lapse as of the due date of that premium. We call this premium due date the date of lapse. You can discontinue coverage under this Rider by notifying us, and Rider premiums will no longer be due. You will not be eligible for any Rider benefits for any Covered Services received after the date You discontinue coverage under this Rider, unless benefits are continued under the Extension of s provision. Your will terminate on the earliest to occur of the following: Your policy terminates or is surrendered for its cash value; Your policy lapses to a paid-up policy (unless benefits are continued under the Extension of s provision); You discontinue coverage under Your Rider (provided no accelerated benefits have been received); You exercise the Accelerated Death s for Terminal Illness Rider; You reduce Your Policy's face amount below the sum of (i) the minimum Base Pool shown in the Policy Specifications, and (ii) the Residual Face Amount shown in the Policy Specifications (provided no accelerated benefit payments have been received); and The date on which the Company receives due proof of death of the Insured. After this policy has lapsed, it may be reinstated -- that is, put back in full force. However, the policy cannot be reinstated if it has been surrendered for its cash surrender value. Reinstatement must be made within five years after the date of lapse and while the Insured is living. Page 16 of 26

17 Whole Life Legacy 100 with Life Insurance Illustration and Summary Summary Tax-Qualification The is not intended to be a federally tax-qualified long term care insurance contract under Section 7702B of the Internal Revenue Code (IRC), as amended. Therefore, the premiums payable for the are not deductible from gross income for federal income tax purposes. The benefits provided by the are intended to be excludable from federal gross income under Section 101(g) of the IRC. However to receive tax free treatment, IRC section 101(g) requires that the payment of benefits be for costs incurred by the payee for qualified long term care services. Since we pay the benefits to the policy owner, the benefits may be subject to federal income tax and reportable if the owner of the policy is not the insured or the insured's spouse who incurred the long term care expenses. In addition, if the policy is not owned by the insured, and the benefits are used to pay the costs incurred by the insured, depending on the facts and circumstances, all or a portion of the Whole Life policy's death benefit may be includible in the insured's federal gross estate. If you are considering purchasing the with an owner who is other than the insured, such as a life insurance trust, you should consult with your attorney, accountant or tax advisor regarding any income and estate tax implications. Eligibility Subject to all the terms and provisions of the, accelerated benefits will be payable when MassMutual verifies all of the following: The insured is certified as chronically ill by a licensed health care practitioner within the previous twelve (12) months. This means that: the insured cannot perform, without substantial assistance, at least 2 of 6 activities of daily living (bathing, continence, dressing, eating, toileting and transferring), and this is expected to continue at least 90 consecutive days due to loss of functional capacity; or, the insured has a severe cognitive impairment, such as Alzheimer's disease or irreversible dementia. The insured received Long Term Care Services covered under the, as described below. The coverage was in force at the time the insured received the covered Long Term Care Services. The policy is in full force on the date of payment. The Elimination Period (as described below) is satisfied. All required claims information is submitted. The claim is not subject to any exclusions, limitations or non-duplication of benefits provisions. Payment of s If all eligibility criteria are satisfied, MassMutual will pay an amount equal to the expenses for covered Long Term Care Services received by the insured in a policy month, up to the Maximum Monthly amount for that policy month. The sum of all amounts paid under the cannot exceed the Maximum Lifetime Rider at the time of payment. If you make any changes to your policy while we are evaluating your claim, including surrendering or lapsing your policy or reducing your policy's face amount, we will adjust your Maximum Lifetime Rider and your Maximum Monthly BEFORE we determine the amount payable. For example, if your policy lapses, we will not make any payments regardless of when the covered Long Term Care Services were received Covered Long Term Care Services The provides benefits for certain long term care services provided pursuant to a plan of care prescribed by a licensed health care practitioner. Long Term Care Services are those "qualified long term care services" as defined under Section 101 (g) of the Internal Revenue Code. This means all the necessary diagnostic, preventative, therapeutic, curing, treating, mitigating and rehabilitative services, and maintenance and personal care services required by a chronically ill insured. These services are generally provided by a nursing facility, assisted living facility or hospice facility. Covered Long Term Care Services also include home health care and hospice services provided at an insured's home, as well as community based services at an adult day care center. Elimination Period There is a 90-day period prior to the time that benefits are payable, known as the Elimination Period. Before payments can begin, the insured must be chronically ill and receiving covered long term care services under a plan of care while the is in effect. s are not payable for any covered Long Term Care Services received during the Elimination Period. Page 17 of 26

18 Whole Life Legacy 100 with Life Insurance Illustration and Summary Summary Limitations and Exclusions The has limitations and exclusions. s are not payable under the and the Elimination Period will not be satisfied for any confinement in an institution, care, treatment, or service(s): provided to the insured by a member of the insured's family; provided outside of the United States; for which the insured has no financial liability or that is provided at no charge in the absence of insurance; provided in facilities operated primarily for the treatment of alcoholism or drug addiction; provided in facilities operated primarily for the treatment of mental or nervous disorders, such as affective disorders, anxiety disorders, personality disorders, psychotic disorders or other mental or emotional diseases or disorders (mental or nervous disorder does not include Alzheimer's or other demonstrable organic diseases such as senile dementia); or which results from participation in a felony, or insurrection or involvement in an illegal occupation. on-duplication of s s are not payable under the to the extent that expenses for services received by the insured are reimbursable (i) under Medicare or would be so reimbursable but for the application of a deductible or coinsurance amount; or (ii) for any other state or federal workers' compensation plan or other governmental program (except Medicaid). Effects of Accelerated Payments on your Policy When accelerated benefit payments are made, they will impact your policy as follows: Policy Death Lien. The amount of accelerated benefit payments will constitute a lien against the policy's death benefit. The lien is first applied to the Base Pool and then to the Dividends Pool (if elected at the time). The policy's face amount and any Paid-Up Additions is not reduced when the accelerated benefit payment is made; instead, when the insured dies the death benefit amount payable to the beneficiary will be reduced by any remaining outstanding loans AD by all amounts that have been accelerated. Reduced Policy Surrender Values. There will be a corresponding reduction in the policy's cash surrender value when an accelerated benefit payment is made. This reduction will impact the amount available for loans or the amount that would be paid if the policy were surrendered. Waiver. If the insured is eligible for benefits and benefits are being paid, the entire premium will be waived. The premium waiver does not apply to the premium due for any other rider attached to the policy. When benefits are being paid under the, we will waive a portion of the base policy premium due reducing the amount of premium the policy owner will need to pay. For standard risk policies, the waiver amount will offset the portion of the premium attributable to the accelerated amount. The premium waiver will not cover any portion of the premium attributable to a substandard rating. The amount of both the and base policy premium waiver is determined two (2) months prior to each policy anniversary based on the total amount of accelerated benefits paid. Once determined, the premium waiver will reduce the premium to zero and a portion of the base policy premium due for your next policy premium payment period and will be reflected in your next premium bill. Required Repayment of Policy Loans. If there is an outstanding loan at the time that the accelerated benefit payment is made, a portion of such payment must be used to reduce the amount of the outstanding debt. This will reduce the actual amount that will be received for payment of expenses for the covered Long Term Care Services received by the insured. Once the policy benefits begin acceleration, the company will provide monthly statements that show the impact of the amounts accelerated on the policy's death benefit, cash values, premiums and outstanding loans. Page 18 of 26

19 Whole Life Legacy 100 with Life Insurance Illustration and Summary Summary Effects of Policy Transactions on the Certain transactions, such as decreasing the policy's face amount, taking loans or partially surrendering Paid-Up Additions that are included in the Dividends Pool, will impact the amounts that may be payable under the. Policy Loans. If you take a policy loan against the cash value of your policy, any accelerated benefit amount will be reduced for the repayment of a portion of the outstanding policy debt. Partial Surrenders. If you surrender Paid-Up Additions that are part of the Dividends Pool (including surrender Paid-Up Additions to pay policy premiums), they will no longer be available for acceleration, and the Dividends Pool will be reduced accordingly. Any Paid-Up Additions that have been accelerated cannot be surrendered. Face Amount Reductions. If you reduce your policy's face amount, there will be a corresponding reduction in the Base Pool, the Maximum Monthly, your premium and your Maximum Lifetime Rider. Lapsing to a Paid-Up Policy. If your policy lapses to a paid-up policy, benefits under the will terminate unless the insured received covered Long Term Care Services prior to the date of lapse or the Extension of s provision was in effect (as described below). If accelerated benefits are payable, we will recalculate your Maximum Lifetime Rider based upon the reduced face amount of coverage, but there will be no benefits payable for any services received by the insured after the date of policy lapse, unless the Extension of s provision is in effect. Extension of s s may be available under the for covered Long Term Care Services received in a nursing facility, assisted living facility or hospice facility even if the is terminated, provided that the policy itself is still in force. In order for the Extension of s provision to apply, the insured's confinement in such facility must have begun while the coverage was in force, accelerated benefits would otherwise have been payable under the and the confinement in such facility has continued uninterrupted after the 's coverage was terminated. Accelerated benefit payments under the 's Extension of s provision is subject to the Maximum Lifetime Rider, any Elimination Period and all limitations and exclusions. Accelerated benefit payments under the Extension of s provision will end on the earliest of: the date the insured's confinement ends; the date the sum of all accelerated benefit payments reaches the Maximum Lifetime Rider ; the date the policy is terminated; or the date of the insured's death. Before You Exercise this Rider If You have Other Long Term Care Coverage payments received under the for covered Long Term Care Services may be taxable if you receive benefit payments under other long term care insurance coverage for the same services. You should carefully consider any other long term care coverage you may have before accessing benefits under the. Accelerating benefits under the will impact the policy's death benefit and cash surrender value. Page 19 of 26

20 Whole Life Legacy 100 with Life Insurance Illustration and Summary Policy: Whole Life Legacy 100 with s Payable to Age 100 Base Policy Face Amount: $1,000,000 Riders: ABR Annual : $20, Annual : $ The values shown below are derived from the values shown in the Tabular Values Report. This table displays the Pool as of the beginning of each policy year, the Maximum Monthly at the beginning of each year as well as a projection of the minimum number of months that monthly benefits would last assuming that the Maximum Monthly is paid each month and that accelerated benefit payments begin at the beginning of each policy year. The payout period assumes Paid-Up Additions are not added to or surrendered from the Dividends Pool once accelerated benefit payments start. Dividend Option: See arrative Summary. This example is provided to help in the understanding of the Table of Values below. It assumes that if payment of the Maximum Monthly began at Age 61 (Age 62), benefits would last 62 months. Age : Monthly Payment: $18,750 $18,750 $18, $18,750 $18,750 (2 months) Paid $1,164,756 over 6 s Age End Current _ Maximum * _ Current Dividend Charge Values Current Charges Base Pool * _ Dividends Pool _ Pool _ Maximum Monthly _ Min Payout Period (in months) , ,000 18, , , ,000 18, , , ,000 18, , ,000 13, ,574 18, , ,000 28, ,031 18, , ,000 43, ,517 18, , ,000 60, ,201 18, , ,000 77, ,204 18, , ,000 94, ,829 18, , , ,078 1,013,078 18, , , ,143 1,032,143 18, , , ,055 1,052,055 18, , , ,819 1,072,819 18, , , ,355 1,094,355 18, , , ,326 1,116,326 18, , , ,909 1,138,909 18, , , ,756 1,164,756 18, , , ,044 1,194,044 18, , , ,944 1,226,944 18, , , ,521 1,263,521 18, Selections Base Pool $900, MMBIO o Initial Maximum Monthly $18, Base PUA Available for Yes Selected Period 48 Months * Values are Guaranteed on-guaranteed values include dividends which are neither estimates nor guarantees, but are based on the 2014 dividend scale. The dividend scale is reviewed annually and it is likely that dividends in future years will be lower or higher depending on the Company's actual experience. For this reason, we strongly recommend that you look at a hypothetical lower scale illustration available upon request. Page 20 of 26

21 Whole Life Legacy 100 with Life Insurance Illustration and Summary Policy: Whole Life Legacy 100 with s Payable to Age 100 Base Policy Face Amount: $1,000,000 Riders: ABR Annual : $20, Annual : $ The values shown below are derived from the values shown in the Tabular Values Report. This table displays the Pool as of the beginning of each policy year, the Maximum Monthly at the beginning of each year as well as a projection of the minimum number of months that monthly benefits would last assuming that the Maximum Monthly is paid each month and that accelerated benefit payments begin at the beginning of each policy year. The payout period assumes Paid-Up Additions are not added to or surrendered from the Dividends Pool once accelerated benefit payments start. Dividend Option: See arrative Summary. Age End Current _ Maximum * _ Current Dividend Charge Values Current Charges Base Pool * _ Dividends Pool _ Pool _ Maximum Monthly _ Min Payout Period (in months) , , ,394 1,303,394 18, , , ,079 1,346,079 18, , , ,675 1,391,675 18, , , ,938 1,439,938 18, , , ,876 1,490,876 18, , , ,238 1,544,238 18, , , ,185 1,600,185 18, , , ,975 1,658,975 18, , , ,333 1,721,333 18, , , ,171 1,787,171 18, , , ,462 1,856,462 18, , ,000 1,028,562 1,928,562 18, , ,000 1,103,119 2,003,119 18, , ,000 1,180,426 2,080,426 18, , ,000 1,260,790 2,160,790 18, , ,000 1,344,752 2,244,752 18, , , ,000 1,432,045 2,332,045 18, , , ,000 1,523,553 2,423,553 18, , , ,000 1,618,947 2,518,947 18, , , ,000 1,718,285 2,618,285 18, , , ,000 1,821,427 2,721,427 18, , , ,000 1,929,153 2,829,153 18, , , ,000 2,041,508 2,941,508 18, , , ,000 2,157,827 3,057,827 18, , , ,000 2,277,993 3,177,993 18, , , ,000 2,401,859 3,301,859 18, , , ,000 2,528,858 3,428,858 18, , , ,000 2,658,023 3,558,023 18, , , ,000 2,789,062 3,689,062 18, , , ,000 2,921,592 3,821,592 18, * Values are Guaranteed on-guaranteed values include dividends which are neither estimates nor guarantees, but are based on the 2014 dividend scale. The dividend scale is reviewed annually and it is likely that dividends in future years will be lower or higher depending on the Company's actual experience. For this reason, we strongly recommend that you look at a hypothetical lower scale illustration available upon request. Page 21 of 26

22 Whole Life Legacy 100 with Life Insurance Illustration and Summary Policy: Whole Life Legacy 100 with s Payable to Age 100 Base Policy Face Amount: $1,000,000 Riders: ABR Annual : $20, Annual : $ The values shown below are derived from the values shown in the Tabular Values Report. This table displays the Pool as of the beginning of each policy year, the Maximum Monthly at the beginning of each year as well as a projection of the minimum number of months that monthly benefits would last assuming that the Maximum Monthly is paid each month and that accelerated benefit payments begin at the beginning of each policy year. The payout period assumes Paid-Up Additions are not added to or surrendered from the Dividends Pool once accelerated benefit payments start. Dividend Option: See arrative Summary. Age End Current _ Maximum * _ Current Dividend Charge Values Current Charges Base Pool * _ Dividends Pool _ Pool _ Maximum Monthly _ Min Payout Period (in months) , , ,000 3,055,224 3,955,224 18, , , ,000 3,189,997 4,089,997 18, , , ,000 3,324,315 4,224,315 18, , , ,000 3,456,274 4,356,274 18, , ,000 3,582,149 4,482,149 18, ,000 3,696,689 4,596,689 18, ,000 3,998,836 4,898,836 18, ,000 4,320,441 5,220,441 18, ,000 4,662,757 5,562,757 18, ,000 5,027,119 5,927,119 18, ,000 5,414,945 6,314,945 18, ,000 5,827,748 6,727,748 18, ,000 6,267,135 7,167,135 18, ,000 6,734,818 7,634,818 18, ,000 7,232,620 8,132,620 18, ,000 7,762,481 8,662,481 18, ,000 8,326,465 9,226,465 18, ,000 8,926,769 9,826,769 18, ,000 9,565,733 10,465,733 18, ,000 10,245,846 11,145,846 18, ,000 10,969,759 11,869,759 18, ,000 11,740,291 12,640,291 18, ,000 12,560,446 13,460,446 18, ,000 13,433,419 14,333,419 18, ,000 14,362,611 15,262,611 18, ,000 15,351,643 16,251,643 18, * Values are Guaranteed on-guaranteed values include dividends which are neither estimates nor guarantees, but are based on the 2014 dividend scale. The dividend scale is reviewed annually and it is likely that dividends in future years will be lower or higher depending on the Company's actual experience. For this reason, we strongly recommend that you look at a hypothetical lower scale illustration available upon request. Page 22 of 26

23 Whole Life Legacy 100 with Life Insurance Illustration and Summary Policy: Whole Life Legacy 100 with s Payable to Age 100 Base Policy Face Amount: $1,000,000 Riders: ABR Annual : $20, Annual : $ This report and the following pages provide a more detailed example regarding how the acceleration of death benefits impacts the premiums, cash surrender values and death benefits of the Whole Life Legacy 100 policy. The values shown below are derived from the values in the Tabular Values. Actual payment of any benefits is subject to the terms, conditions, exclusions, limitations, non-duplication of the benefit provisions and satisfaction of the Elimination Period of the. Dividend Option: See arrative Summary Summary of Example of Acceleration of Death s Initial of $21,006 Outlay* of $918,663 Can Provide Pre- Claim Payable Death $1,000,000 at Age 45 $2,821,427 at Age 85 s Begin at Age 85 $18,750 Starting Maximum Monthly s are payable for 163 Months $3,057,827 s paid Payable Death at End of Claim Period $1,535,868 at Age 99 Selections Base Pool $900, MMBIO o Initial Maximum Monthly $18, Base PUA Available for Yes Selected Period 48 Months * This report reflects the out-of-pocket costs through the end of the Claim Period which is age 99. on-guaranteed values include dividends which are neither estimates nor guarantees, but are based on the 2014 dividend scale. The dividend scale is reviewed annually and it is likely that dividends in future years will be lower or higher depending on the Company's actual experience. For this reason, we strongly recommend that you look at a hypothetical lower scale illustration available upon request. Refer to the Tabular Values pages in the Basic Illustration for guaranteed values. Page 23 of 26

24 Whole Life Legacy 100 with Life Insurance Illustration and Summary Policy: Whole Life Legacy 100 with s Payable to Age 100 Base Policy Face Amount: $1,000,000 Riders: ABR Annual : $20, Annual : $ This following example shows how the acceleration of death benefits impacts the premiums, cash surrender values and death benefits of the Whole Life Legacy 100 policy assuming claims start at Age 85 (Age 86). The values shown below are derived from the values in the Tabular Values until accelerated benefit payments begin. Actual payment of any benefits is subject to the terms, conditions, exclusions, limitations, non-duplication of benefit provisions and satisfaction of the Elimination Period of the. Dividend Option: See arrative Summary. Example of Acceleration of Death s _ Age End Contract Annual Waiver Annual Outlay Annual ====on-guaranteed Values==== Remaining Pool et Cash Value Cash Value Lien Cash Surrender Value et Death _ Death (DB) Lien _ Payable Death , , , ,000, ,000, , , , ,000, ,000, , , ,574 18, ,799 1,013, ,013, , , ,031 40, ,521 1,028, ,028, , , ,517 63, ,461 1,043, ,043, , , ,201 87, ,709 1,060, ,060, , , , , ,985 1,077, ,077, , , , , ,357 1,094, ,094, , , ,013, , ,832 1,113, ,113, , , ,032, , ,489 1,132, ,132, , , ,052, , ,297 1,152, ,152, , , ,072, , ,336 1,172, ,172, , , ,094, , ,587 1,194, ,194, , , ,116, , ,122 1,216, ,216, , , ,138, , ,054 1,238, ,238, , , ,164, , ,913 1,264, ,264, , , ,194, , ,434 1,294, ,294, , , ,226, , ,748 1,326, ,326, , , ,263, , ,958 1,363, ,363, , , ,303, , ,045 1,403, ,403, , , ,346, , ,878 1,446, ,446, , , ,391, , ,735 1,491, ,491, , , ,439, , ,713 1,539, ,539, , , ,490, , ,921 1,590, ,590, , , ,544, , ,449 1,644, ,644,238 Selections Base Pool $900, MMBIO o Initial Maximum Monthly $18, Base PUA Available for Yes Selected Period 48 Months on-guaranteed values include dividends which are neither estimates nor guarantees, but are based on the 2014 dividend scale. The dividend scale is reviewed annually and it is likely that dividends in future years will be lower or higher depending on the Company's actual experience. For this reason, we strongly recommend that you look at a hypothetical lower scale illustration available upon request. Refer to the Tabular Values pages in the Basic Illustration for guaranteed values. Page 24 of 26

25 Whole Life Legacy 100 with Life Insurance Illustration and Summary Policy: Whole Life Legacy 100 with s Payable to Age 100 Base Policy Face Amount: $1,000,000 Riders: ABR Annual : $20, Annual : $ This following example shows how the acceleration of death benefits impacts the premiums, cash surrender values and death benefits of the Whole Life Legacy 100 policy assuming claims start at Age 85 (Age 86). The values shown below are derived from the values in the Tabular Values until accelerated benefit payments begin. Actual payment of any benefits is subject to the terms, conditions, exclusions, limitations, non-duplication of benefit provisions and satisfaction of the Elimination Period of the. Dividend Option: See arrative Summary. Example of Acceleration of Death s _ Age End Contract Annual Waiver Annual Outlay Annual ====on-guaranteed Values==== Remaining Pool et Cash Value Cash Value Lien Cash Surrender Value et Death _ Death (DB) Lien _ Payable Death , , ,600, , ,390 1,700, ,700, , , ,658, , ,983 1,758, ,758, , , ,721,333 1,053, ,053,341 1,821, ,821, , , ,787,171 1,130, ,130,652 1,887, ,887, , , ,856,462 1,212, ,212,099 1,956, ,956, , , ,928,562 1,297, ,297,322 2,028, ,028, , , ,003,119 1,386, ,386,162 2,103, ,103, , , ,080,426 1,478, ,478,716 2,180, ,180, , , ,160,790 1,574, ,574,971 2,260, ,260, , , ,244,752 1,675, ,675,142 2,344, ,344, , , ,332,045 1,779, ,779,035 2,432, ,432, , , ,423,553 1,887, ,887,110 2,523, ,523, , , ,518,947 1,999, ,999,353 2,618, ,618, , , ,618,285 2,115, ,115,905 2,718, ,718, , , ,721,427 2,236, ,236,608 2,821, ,821, , , ,000 2,604,153 2,361, ,375 2,191,438 2,929, ,000 2,704, ,006 4,350 16, ,000 2,491,508 2,491, ,477 2,143,868 3,041, ,000 2,591, ,006 8,963 12, ,000 2,382,827 2,624, ,732 2,093,747 3,157, ,000 2,482, ,006 13,575 7, ,000 2,157,827 2,761, ,568 2,042,193 3,278, ,000 2,378, ,006 18,188 2, ,000 1,932,827 2,902, ,465 1,975,932 3,403,606 1,125,000 2,278, ,006 18,956 2, ,000 1,707,827 3,045,985 1,136,363 1,909,623 3,531,556 1,350,000 2,181, ,006 18,956 2, ,000 1,482,827 3,192,993 1,349,620 1,843,373 3,661,714 1,575,000 2,086, ,006 18,956 2, ,000 1,257,827 3,343,714 1,566,432 1,777,282 3,793,788 1,800,000 1,993, ,006 18,956 2, ,000 1,032,827 3,498,742 1,787,283 1,711,459 3,927,391 2,025,000 1,902, ,006 18,956 2, , ,827 3,659,093 2,013,039 1,646,054 4,062,131 2,250,000 1,812, ,006 18,956 2, , ,827 3,827,234 2,245,397 1,581,838 4,198,048 2,475,000 1,723, ,006 18,956 2, , ,827 4,007,444 2,488,455 1,518,989 4,333,534 2,700,000 1,633, ,006 18,956 2, , ,827 4,205,815 2,748,409 1,457,406 4,466,669 2,925,000 1,541, ,006 18,956 2, , ,432,868 2,947,455 1,485,413 4,593,695 3,057,827 1,535, ,006 18,956 2, ,708,508 3,057,827 1,650,681 4,708,508 3,057,827 1,650,681 on-guaranteed values include dividends which are neither estimates nor guarantees, but are based on the 2014 dividend scale. The dividend scale is reviewed annually and it is likely that dividends in future years will be lower or higher depending on the Company's actual experience. For this reason, we strongly recommend that you look at a hypothetical lower scale illustration available upon request. Refer to the Tabular Values pages in the Basic Illustration for guaranteed values. Page 25 of 26

26 Whole Life Legacy 100 with Life Insurance Illustration and Summary Policy: Whole Life Legacy 100 with s Payable to Age 100 Base Policy Face Amount: $1,000,000 Riders: ABR Annual : $20, Annual : $ This following example shows how the acceleration of death benefits impacts the premiums, cash surrender values and death benefits of the Whole Life Legacy 100 policy assuming claims start at Age 85 (Age 86). The values shown below are derived from the values in the Tabular Values until accelerated benefit payments begin. Actual payment of any benefits is subject to the terms, conditions, exclusions, limitations, non-duplication of benefit provisions and satisfaction of the Elimination Period of the. Dividend Option: See arrative Summary. Example of Acceleration of Death s _ Age End Contract Annual Waiver Annual Outlay Annual ====on-guaranteed Values==== Remaining Pool et Cash Value Cash Value Lien Cash Surrender Value et Death _ Death (DB) Lien _ Payable Death ,011,416 3,057,827 1,953,589 5,011,416 3,057,827 1,953, ,333,831 3,057,827 2,276,005 5,333,831 3,057,827 2,276, ,677,010 3,057,827 2,619,183 5,677,010 3,057,827 2,619, ,042,289 3,057,827 2,984,463 6,042,289 3,057,827 2,984, ,431,093 3,057,827 3,373,266 6,431,093 3,057,827 3,373, ,844,935 3,057,827 3,787,109 6,844,935 3,057,827 3,787, ,285,429 3,057,827 4,227,602 7,285,429 3,057,827 4,227, ,754,291 3,057,827 4,696,464 7,754,291 3,057,827 4,696, ,253,347 3,057,827 5,195,520 8,253,347 3,057,827 5,195, ,784,543 3,057,827 5,726,716 8,784,543 3,057,827 5,726, ,349,947 3,057,827 6,292,120 9,349,947 3,057,827 6,292, ,951,764 3,057,827 6,893,937 9,951,764 3,057,827 6,893, ,592,337 3,057,827 7,534,511 10,592,337 3,057,827 7,534, ,274,164 3,057,827 8,216,337 11,274,164 3,057,827 8,216, ,999,900 3,057,827 8,942,073 11,999,900 3,057,827 8,942, ,772,374 3,057,827 9,714,547 12,772,374 3,057,827 9,714, ,594,595 3,057,827 10,536,768 13,594,595 3,057,827 10,536, ,469,766 3,057,827 11,411,940 14,469,766 3,057,827 11,411, ,401,299 3,057,827 12,343,473 15,401,299 3,057,827 12,343, ,392,823 3,057,827 13,334,996 16,392,823 3,057,827 13,334, ,448,201 3,057,827 14,390,374 17,448,201 3,057,827 14,390,374 on-guaranteed values include dividends which are neither estimates nor guarantees, but are based on the 2014 dividend scale. The dividend scale is reviewed annually and it is likely that dividends in future years will be lower or higher depending on the Company's actual experience. For this reason, we strongly recommend that you look at a hypothetical lower scale illustration available upon request. Refer to the Tabular Values pages in the Basic Illustration for guaranteed values. Page 26 of 26