Whole Life 95 Illustration

Transcription

1 Whole Life 95 Illustration Prepared for: L Bootcamp Presented by: Lanny D. Levin, CLU, ChFC General Agent The Lanny D. Levin Agency 600 Central Suite 333 Highland Park, IL Fax: lanny_levin@levinagency.com Home Office: The Guardian Life Insurance Company of America 7 Hanover Square New York, NY (800) May 18, 2007 Page : 1 of 12

2 Narrative Summary L Bootcamp Male Age: 40 Preferred NT Benefit $1,000,000 Whole Life 95 Total First Year Premium Premium ** Dividend Option : Paid Up Additions (D) PLAN OVERVIEW: The following is a general description of the proposed benefits. The complete terms and conditions are shown in the policy. Whole Life 95 - Whole Life Insurance Policy, Generic Form Number: 06-WL. - A permanent life insurance policy with cash value. Qualifies for annual dividends. - Level guaranteed death benefit for the insured's lifetime. - Level guaranteed premium payable to age 95. Dividend Option : Paid Up Additions (D) - Dividends are used to purchase additional paid-up insurance (PUA's). PUA's purchased with dividends will increase the cash value and the death benefit. IMPORTANT NOTES: ** Premiums and values are based on an annual mode. Guardian's current Individual Life Dividend Scale meets the requirements of the National Association of Insurance Commissioners (NAIC) Life Insurance Model Regulation and is a Disciplined Current Scale. The end-of-year dividend amount is included in the Cash Value of All Adds column, even if a dividend option other than Paid Up Additions is elected. Figures depending on dividends are based on the 2007 dividend scale and are not guaranteed. This illustration assumes that the currently illustrated non-guaranteed elements, including dividends, will continue unchanged for all years shown. This is not likely to occur and the actual results may be more or less favorable than those shown. Dividends can be affected by policy loans. The interest charged on policy loans is payable in advance and is guaranteed at the effective annual rate of 8.00% for the first 25 years. Thereafter the rate is 5.00%. The cost of this policy over a period of years cannot be determined without taking into account the interest that would have been earned on the premiums if they had been invested rather than paid to Guardian. The Numeric Summary report shows the values under three sets of assumptions. In each scenario, the values are based on paying the premium every year and taking no loans or other distributions. Guaranteed -- The columns show the values assuming that no dividends are ever paid. The guaranteed cash values are based on an interest rate of 4.00%. The premiums for any riders are shown at their guaranteed maximum cost. - The Annual Premium column shows the maximum annual premium for the base policy and any riders at the beginning of the year. - The Cash Value column shows the guaranteed cash surrender value of the base policy and any riders at the end of the year. - The Death Benefit column shows the guaranteed death benefit of the base policy and any riders at the end of the year. May 18, 2007 ID:5215 Vers: 47.3 Page : 2 of 12

3 Narrative Summary Current -- Current values are non-guaranteed. The columns show the values based on the 2007 dividend scale. The premiums for any riders are shown at their non-guaranteed scheduled rate. - The Net Premium column shows the amount paid (or received) at the beginning of the year based on current assumptions. - The Cash Value column shows the values at the end of the year based on current assumptions. - The Death Benefit column shows the death benefit at the end of the year based on current assumptions. Intermediate -- The columns show the values assuming dividends at 50% of the dividends contained in the current illustrated scale. The premiums for any riders are shown at a rate half way between the non-guaranteed scheduled rate and the guaranteed maximum cost, if applicable. - The Net Premium column shows the amount paid (or received) at the beginning of the year based on intermediate assumptions. - The Cash Value column shows the values at the end of the year based on the intermediate assumptions. - The Death Benefit column shows the death benefit at the end of the year based on intermediate assumptions. The Tabular Detail report is based on the same current and guaranteed assumptions and definitions as shown on the Numeric Summary report. 5% Interest Adjusted indices are shown on the Tabular Detail report. They are based on the base policy only and do not include any supplemental coverages. These indices are useful in comparing policies of similar types. A low index number represents a lower cost than a higher index number. See the Life Insurance Buyer's Guide for further information. The Planning Concept report is based on the 2007 dividend interest rate and current assumptions. This policy as shown on the Planning Concept report will not become a Modified Endowment Contract (MEC). The term MEC is designated under federal tax law. If a policy becomes a MEC, surrenders, withdrawals or policy loans will be taxed less favorably than for non-mec. Employer-owned life insurance on employees must comply with notice, consent, record keeping, and other Internal Revenue Code requirements in order for the death benefits to be excluded from income taxes. Please consult with your professional tax advisor. On the Planning Concept report, figures depending on dividends are based on the 2007 scale and are not guaranteed. Future dividends may be higher or lower than those illustrated depending on the company s actual future experience. The Planning Concept report shows the results using the current dividend scale to reduce the required number of cash premiums. The owner may have to pay premiums for a longer period or resume them at a later date. This could occur when actual future dividends are lower than those in the illustration or if the owner does not make the outlays illustrated. Since dividends can be affected by Policy Loans, any borrowing could also result in the need for additional premium payments. The tax bracket is assumed to be 28% for all years. The product(s) presented in this illustration may not yet be available in your state. Any application for an unapproved product will be declined. This illustration is only valid for use in Illinois. This illustration may not be valid if it is more than two weeks old. This illustration is complete only if all pages are attached and the producer s name, address and signature appear. May 18, 2007 ID:5215 Vers: 47.3 Page : 3 of 12

4 Narrative Summary SYMBOL DEFINITIONS: # This symbol indicates values shown are Beginning-of-Year This symbol indicates values shown are End-of-Year * This symbol indicates values are non-guaranteed and may be affected by This symbol indicates that a premium is payable unless the Guaranteed Annual Premium is shown as 0. May 18, 2007 ID:5215 Vers: 47.3 Page : 4 of 12

5 Numeric Summary L Bootcamp Male Age: 40 Preferred NT Benefit $1,000,000 Whole Life 95 Total First Year Premium Premium ** Dividend Option : Paid Up Additions (D) Guaranteed Current Intermediate AGE AT START YEAR ANNUAL # #* * #* * ,520 52,030 1,000,000 17,520 67,143 1,040,465 17,520 59,444 1,019, , ,530 1,000,000 17, ,908 1,132,630 17, ,951 1,063, , ,490 1,000,000 17, ,675 1,450,774 17, ,890 1,201, , ,630 1,000,000 17,520 1,204,681 2,076,852 17, ,433 1,441, , ,790 1,000,000 17,520 1,662,023 2,475,092 17,520 1,018,670 1,578, , ,920 1,000,000 17,520 2,239,175 2,970,938 17,520 1,271,159 1,734, , ,580 1,000,000 17,520 2,951,302 3,593,824 17,520 1,543,356 1,915, , ,030 1,000,000 17,520 3,796,704 4,356,165 17,520 1,825,108 2,117,492 APPLICANT'S STATEMENT: I have received a copy of this illustration and understand that this illustration assumes that current 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. Applicant's (Owner's) Signature Additional Signature (if required) Date INSURANCE PRODUCER'S STATEMENT: I have informed the applicant or policyowner that 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. Producer's Signature Date May 18, 2007 ID:5215 Vers: 47.3 Page : 5 of 12

6 Tabular Detail L Bootcamp Male Age: 40 Preferred NT Benefit $1,000,000 Whole Life 95 Total First Year Premium Premium ** Dividend Option : Paid Up Additions (D) Guaranteed Current AGE AT START YEAR ANNUAL # #* * * , ,000,000 17, ,000, ,520 9,760 1,000,000 17,520 12,660 1,002, ,520 23,470 1,000,000 17,520 29,772 1,014, ,520 37,570 1,000,000 17,520 47,926 1,026, ,520 52,030 1,000,000 17,520 67,143 1,040, ,520 66,850 1,000,000 17,520 87,485 1,055, ,520 82,070 1,000,000 17, ,039 1,072, ,520 97,690 1,000,000 17, ,877 1,091, , ,840 1,000,000 17, ,133 1,111, , ,530 1,000,000 17, ,908 1,132, , ,730 1,000,000 17, ,247 1,155, , ,520 1,000,000 17, ,292 1,179, , ,650 1,000,000 17, ,908 1,205, , ,130 1,000,000 17, ,499 1,232, , ,880 1,000,000 17, ,119 1,262, , ,870 1,000,000 17, ,857 1,295, , ,080 1,000,000 17, ,823 1,330, , ,530 1,000,000 17, ,150 1,367, , ,340 1,000,000 17, ,058 1,408, , ,490 1,000,000 17, ,675 1,450, , ,910 1,000,000 17, ,768 1,495, , ,510 1,000,000 17, ,426 1,542, , ,190 1,000,000 17, ,702 1,591, , ,880 1,000,000 17, ,661 1,643, , ,620 1,000,000 17, ,471 1,697, , ,400 1,000,000 17, ,288 1,754, , ,280 1,000,000 17, ,312 1,813, , ,340 1,000,000 17, ,780 1,875, , ,570 1,000,000 17,520 1,050,870 1,939, , ,030 1,000,000 17,520 1,125,809 2,006, , ,630 1,000,000 17,520 1,204,681 2,076, , ,330 1,000,000 17,520 1,287,668 2,149, , ,860 1,000,000 17,520 1,374,648 2,225, , ,260 1,000,000 17,520 1,465,884 2,305, , ,580 1,000,000 17,520 1,561,612 2,388, , ,790 1,000,000 17,520 1,662,023 2,475, , ,900 1,000,000 17,520 1,767,367 2,565, , ,790 1,000,000 17,520 1,877,711 2,660, , ,320 1,000,000 17,520 1,993,080 2,758, , ,370 1,000,000 17,520 2,113,520 2,862, , ,920 1,000,000 17,520 2,239,175 2,970, , ,860 1,000,000 17,520 2,370,074 3,084, , ,280 1,000,000 17,520 2,506,535 3,203, , ,250 1,000,000 17,520 2,648,835 3,327, , ,700 1,000,000 17,520 2,797,062 3,457,773 May 18, 2007 ID:5215 Vers: 47.3 Page : 6 of 12

7 Tabular Detail Guaranteed Current AGE AT START YEAR ANNUAL # #* * * , ,580 1,000,000 17,520 2,951,302 3,593, , ,810 1,000,000 17,520 3,110,604 3,735, , ,380 1,000,000 17,520 3,274,815 3,882, , ,360 1,000,000 17,520 3,443,945 4,034, , ,840 1,000,000 17,520 3,617,886 4,192, , ,030 1,000,000 17,520 3,796,704 4,356, , ,510 1,000,000 17,520 3,981,232 4,524, , ,750 1,000,000 17,520 4,171,883 4,698, , ,390 1,000,000 17,520 4,369,020 4,877, , ,440 1,000,000 17,520 4,573,227 5,060, ,740 1,000, ,762,470 5,241, ,820 1,000, ,957,102 5,426, ,660 1,000, ,157,098 5,616, ,210 1,000, ,362,228 5,811, ,370 1,000, ,572,130 6,012, ,970 1,000, ,786,024 6,220, ,500 1,000, ,004,279 6,431, ,950 1,000, ,226,801 6,646, ,340 1,000, ,453,699 6,864, ,640 1,000, ,684,682 7,086, ,860 1,000, ,919,798 7,311, ,000 1,000, ,159,083 7,539, ,050 1,000, ,402,299 7,771, ,020 1,000, ,649,556 8,007, ,890 1,000, ,900,602 8,246, ,680 1,000, ,155,626 8,488, ,370 1,000, ,414,378 8,734, ,980 1,000, ,676,999 8,983, ,490 1,000, ,943,373 9,235, ,920 1,000, ,213,668 9,491, ,250 1,000, ,487,795 9,751, ,500 1,000, ,765,941 10,014, ,650 1,000, ,048,030 10,282, ,820 1,000, ,335,409 10,553, ,630 1,000, ,624,382 10,828, ,000,000 1,000, ,109,015 11,109,016 5% Interest Adjusted Indices Year Net Pay Surrender Cost Index Equiv. Lev. Dividend Mode Selected : Annual Mode Modal Factor Initial Modal Premium Annual Semi-Annual Quarterly Guard-O-Matic , , , , May 18, 2007 ID:5215 Vers: 47.3 Page : 7 of 12

8 Understanding Premium Offset This illustration shows using dividends to pay some premiums due in future years (Premium Offset). Premium Offset illustrations are shown to demonstrate the possibility of using dividend values to reduce future out-of-pocket outlays. Dividends are not guaranteed. Premiums are required for the number of years shown in the policy. Premiums shown as paid by dividends in this illustration are not canceled, forgiven or waived by the company. The Premium Offset year shown in this illustration is predicated on each non-guaranteed factor remaining unchanged in each year, a scenario which is highly unlikely. Non-guaranteed factors -- dividends, the cost of term and other riders as described in the illustration -- are likely to vary over time reflecting actual economic and mortality experience. Under current economic conditions, dividends are also reduced by an individual s policy loan activity, if any. Please note the following: Unless the illustration states specifically that a policy becomes paid-up at a specified age or year, an illustration does NOT represent a "paid-up policy". Every illustration explicitly states the required premiums in the "Narrative Summary" and "Tabular Detail" sections. Premium Offset does not occur automatically. It must be requested by the policyowner when sufficient policy values have accumulated to support a Premium Offset. Even if dividend values are adequate to offset future premiums, there may be circumstances where it is not in the policyowner s best interest to elect this option. Therefore, before deciding to elect Premium Offset, you should review your policy and personal circumstances with your agent. Future dividends may be less or more than those illustrated. If dividends are lower, you may need to continue cash outlays longer than shown, or even resume cash outlays after an initial Premium Offset. As long as the policy is in force, Guardian recommends you periodically request that your agent review a revised illustration with you. Hypothetical Example Male Age 40--Preferred NT Whole Life 99 Dividend Option Basic Face Amount No Riders Premium Paid Up Additions $250,000 $3, Offset Year * Guaranteed Factors Dividend Interest Rate 6.25% ** Dividend Interest Rate 6.5% *** 2007 Dividend Scale Full Pay until attained age *The last year that a cash premium payment is required prior to Premium Offset is indicated. **The offset year is based on the assumption that the 2007 non-guaranteed dividend scale interest rate is reduced by 50 basis points to 6.25%. ***The offset year is based on the assumption that the 2007 non-guaranteed dividend scale interest rate is reduced by 25 basis points to 6.5%. May 18, 2007 ID:5215 Vers: 47.3 Page : 8 of 12

9 Planning Concept Based on the 2007 Dividend Scale L Bootcamp Male Age: 40 Preferred NT Benefit $1,000,000 Whole Life 95 Total First Year Premium Premium ** Dividend Option : Paid Up Additions (D) AGE AT START YEAR ANNUAL DIV PREM CUM PREM AFTER TAX OUTLAY CUM A/T OUTLAY BASE GUAR. ALL ADDS ,520 17,520 17,520 17, ,000, ,520 35,040 17,520 35,040 9,760 2,900 12,660 1,002, ,900 17,520 52,560 17,520 52,560 23,470 6,302 29,772 1,014, ,301 17,520 70,080 17,520 70,080 37,570 10,356 47,926 1,026, ,838 17,520 87,600 17,520 87,600 52,030 15,113 67,143 1,040, ,405 17, ,120 17, ,120 66,850 20,635 87,485 1,055, ,014 17, ,640 17, ,640 82,070 26, ,039 1,072, ,646 17, ,160 17, ,160 97,690 34, ,877 1,091, ,325 17, ,680 17, , ,840 42, ,133 1,111, ,976 17, ,200 17, , ,530 51, ,908 1,132, ,687 17, ,720 17, , ,730 61, ,247 1,155, ,447 17, ,240 17, , ,520 72, ,292 1,179, , , , ,650 66, ,301 1,157, , , , ,130 61, ,134 1,137, , , , ,880 55, ,787 1,120, , , , ,870 51, ,284 1,105, , , , ,080 47, ,668 1,092, , , , ,530 44, ,000 1,082, , , , ,340 42, ,409 1,074, , , , ,490 40, ,938 1,068, , , , ,910 39, ,284 1,063, , , , ,510 38, ,460 1,061, , , , ,190 39, ,452 1,059, , , , ,880 40, ,254 1,060, , , , ,620 42, ,943 1,061, , , , ,400 45, ,560 1,065, , , , ,280 48, ,196 1,069, , , , ,340 53, ,955 1,076, , , , ,570 59, ,890 1,083, , , , ,030 66, ,089 1,092, , , , ,630 73, ,546 1,102, , , , ,330 82, ,312 1,114, , , , ,860 93, ,287 1,127, , , , , , ,557 1,142, , , , , , ,218 1,159, , , , , , ,323 1,176, , , , , , ,953 1,196, , , , , , ,108 1,217, , , , , , ,751 1,240, , , , , , ,884 1,265, , , , , , ,531 1,292, , , , , , ,684 1,321, , , , , ,175 1,020,455 1,352, , , , , ,707 1,066,957 1,384, , , , , ,490 1,115,190 1,419,775 May 18, 2007 ID:5215 Vers: 47.3 Page : 9 of 12

10 Planning Concept Based on the 2007 Dividend Scale AGE AT START YEAR ANNUAL DIV PREM CUM PREM AFTER TAX OUTLAY CUM A/T OUTLAY BASE GUAR. ALL ADDS , , , , ,613 1,165,193 1,456, , , , , ,688 1,216,498 1,495, , , , , ,686 1,269,066 1,536, , , , , ,546 1,322,906 1,578, , , , , ,178 1,378,018 1,622, , , , , ,471 1,434,501 1,667, , , , , ,290 1,492,800 1,714, , , , , ,498 1,553,248 1,762, , , , , ,862 1,616,252 1,811, , , , , ,046 1,682,486 1,861, , , , , ,550 1,748,290 1,924, , , , , ,077 1,815,897 1,988, , , , , ,629 1,885,289 2,053, , , , ,210 1,036,179 1,956,389 2,120, , , , ,370 1,104,682 2,029,052 2,189, , , , ,970 1,175,034 2,103,004 2,261, , , , ,500 1,246,879 2,178,379 2,333, , , , ,950 1,320,185 2,255,135 2,407, , , , ,340 1,394,970 2,333,310 2,482, , , , ,640 1,471,159 2,412,799 2,557, , , , ,860 1,548,764 2,493,624 2,634, , , , ,000 1,627,791 2,575,791 2,713, , , , ,050 1,708,171 2,659,221 2,792, , , , ,020 1,789,925 2,743,945 2,872, , , , ,890 1,872,990 2,829,880 2,953, , , , ,680 1,957,400 2,917,080 3,036, , , , ,370 2,043,097 3,005,467 3,119, , , , ,980 2,130,113 3,095,093 3,204, , , , ,490 2,218,418 3,185,908 3,290, , , , ,920 2,308,052 3,277,972 3,377, , , , ,250 2,399,010 3,371,260 3,465, , , , ,500 2,491,331 3,465,831 3,554, , , , ,650 2,585,015 3,561,665 3,644, , , , ,820 2,680,411 3,659,231 3,736, , , , ,630 2,776,596 3,757,226 3,829, , , ,240 1,000,000 2,924,282 3,924,282 3,924,282 THIS ILLUSTRATION IS BASED ON THE 2007 DIVIDEND SCALE AND ASSUMES THAT THE CURRENTLY ILLUSTRATED NON-GUARANTEED ELEMENTS, INCLUDING DIVIDENDS, WILL CONTINUE UNCHANGED FOR ALL YEARS SHOWN. THIS IS NOT LIKELY TO OCCUR AND THE ACTUAL RESULTS MAY BE MORE OR LESS FAVORABLE THAN THOSE SHOWN. SEE TABULAR DETAIL FOR GUARANTEED S AND OTHER IMPORTANT INFORMATION. May 18, 2007 ID:5215 Vers: 47.3 Page : 10 of 12

11 Custom Planning Concept Based on the 2007 Dividend Scale L Bootcamp Male Age: 40 Preferred NT Benefit $1,000,000 Whole Life 95 Total First Year Premium Premium ** Dividend Option : Paid Up Additions (D) BASE GUAR. ALL ADDS INCREASE IN * INCREASE IN BASE GUAR. OUTLAY LESS INC IN CV * FACE AMOUNT PAID-UP INSURANCE GUARANTEED FACE AMOUNT PAID-UP INSURANCE 1 17, ,000, , ,520 9,760 2,900 12,660 1,002,900 12,660 9,760 4,860 47,172 36, ,520 23,470 6,302 29,772 1,014,107 17,112 13, ,223 84, ,520 37,570 10,356 47,926 1,026,534 18,154 14, , , ,520 52,030 15,113 67,143 1,040,465 19,217 14,460-1, , , ,520 66,850 20,635 87,485 1,055,908 20,342 14,820-2, , , ,520 82,070 26, ,039 1,072,875 21,555 15,220-4, , , ,520 97,690 34, ,877 1,091,356 22,838 15,620-5, , , , ,840 42, ,133 1,111,310 24,256 16,150-6, , , , ,530 51, ,908 1,132,630 25,775 16,690-8, , , , ,730 61, ,247 1,155,372 27,339 17,200-9, , , , ,520 72, ,292 1,179,555 27,045 15,790-9, , , ,650 66, ,301 1,157,731 10,009 16,130-10, , , ,130 61, ,134 1,137,878 10,833 16,480-10, , , ,880 55, ,787 1,120,461 11,653 16,750-11, , , ,870 51, ,284 1,105,469 12,498 16,990-12, , , ,080 47, ,668 1,092,847 13,384 17,210-13, , , ,530 44, ,000 1,082,531 14,332 17,450-14, , , ,340 42, ,409 1,074,388 15,409 17,810-15, , , ,490 40, ,938 1,068,316 16,529 18,150-16, , , ,910 39, ,284 1,063,994 17,346 18,420-17, , , ,510 38, ,460 1,061,134 18,175 18,600-18, , , ,190 39, ,452 1,059,818 18,992 18,680-18, , , ,880 40, ,254 1,060,077 19,802 18,690-19, , , ,620 42, ,943 1,061,887 20,690 18,740-20, , , ,400 45, ,560 1,065,208 21,617 18,780-21, , , ,280 48, ,196 1,069,997 22,636 18,880-22, , , ,340 53, ,955 1,076,190 23,759 19,060-23, , , ,570 59, ,890 1,083,761 24,935 19,230-24, , , ,030 66, ,089 1,092,677 26,199 19,460-26, , , ,630 73, ,546 1,102,943 27,457 19,600-27, , , ,330 82, ,312 1,114,608 28,766 19,700-28, , , ,860 93, ,287 1,127,823 29,975 19,530-29, , , , , ,557 1,142,637 31,271 19,400-31, , , , , ,218 1,159,015 32,661 19,320-32,661 1,022, , , , ,323 1,176,972 34,105 19,210-34,105 1,050, , , , ,953 1,196,527 35,630 19,110-35,630 1,079, , , , ,108 1,217,759 37,155 18,890-37,155 1,109, , , , ,751 1,240,765 38,643 18,530-38,643 1,140, , , , ,884 1,265,658 40,132 18,050-40,132 1,173, ,014 THIS ILLUSTRATION IS BASED ON THE 2007 DIVIDEND SCALE AND ASSUMES THAT THE CURRENTLY ILLUSTRATED NON-GUARANTEED ELEMENTS, INCLUDING DIVIDENDS, WILL CONTINUE UNCHANGED FOR ALL YEARS SHOWN. THIS IS NOT LIKELY TO OCCUR AND THE ACTUAL RESULTS MAY BE MORE OR LESS FAVORABLE THAN THOSE SHOWN. SEE TABULAR DETAIL FOR GUARANTEED S AND OTHER IMPORTANT INFORMATION. May 18, 2007 ID:5215 Vers: 47.3 Page : 11 of 12

12 Custom Planning Concept Based on the 2007 Dividend Scale L Bootcamp Male Age: 40 Preferred NT Benefit $1,000,000 Whole Life 95 Total First Year Premium Premium ** Dividend Option : Paid Up Additions (D) BASE GUAR. ALL ADDS INCREASE IN * INCREASE IN BASE GUAR. OUTLAY LESS INC IN CV * FACE AMOUNT PAID-UP INSURANCE GUARANTEED FACE AMOUNT PAID-UP INSURANCE , , ,531 1,292,473 41,647 17,550-41,647 1,207, , , , ,684 1,321,296 43,153 16,940-43,153 1,243, , , ,175 1,020,455 1,352,116 44,771 16,420-44,771 1,280, , , ,707 1,066,957 1,384,925 46,502 15,970-46,502 1,319, , , ,490 1,115,190 1,419,775 48,233 15,450-48,233 1,360, , , ,613 1,165,193 1,456,785 50,003 14,880-50,003 1,402, , , ,688 1,216,498 1,495,603 51,305 14,230-51,305 1,446, , , ,686 1,269,066 1,536,167 52,568 13,570-52,568 1,492, , , ,546 1,322,906 1,578,451 53,840 12,980-53,840 1,539, , , ,178 1,378,018 1,622,407 55,112 12,480-55,112 1,588, , , ,471 1,434,501 1,667,961 56,483 12,190-56,483 1,639, , , ,290 1,492,800 1,714,857 58,299 12,480-58,299 1,692, , , ,498 1,553,248 1,762,923 60,448 13,240-60,448 1,748, , , ,862 1,616,252 1,811,953 63,004 14,640-63,004 1,806, , , ,046 1,682,486 1,861,652 66,234 17,050-66,234 1,868,515 1,000, , ,550 1,748,290 1,924,416 65,804 5,300-65,804 1,930,234 1,000, , ,077 1,815,897 1,988,035 67,607 5,080-67,607 1,993,695 1,000, , ,629 1,885,289 2,053,437 69,391 4,840-69,391 2,058,940 1,000, ,210 1,036,179 1,956,389 2,120,673 71,101 4,550-71,101 2,126,025 1,000, ,370 1,104,682 2,029,052 2,189,844 72,663 4,160-72,663 2,195,065 1,000, ,970 1,175,034 2,103,004 2,261,115 73,952 3,600-73,952 2,266,242 1,000, ,500 1,246,879 2,178,379 2,333,617 75,375 3,530-75,375 2,338,571 1,000, ,950 1,320,185 2,255,135 2,407,259 76,756 3,450-76,756 2,412,038 1,000, ,340 1,394,970 2,333,310 2,482,037 78,175 3,390-78,175 2,486,636 1,000, ,640 1,471,159 2,412,799 2,557,919 79,489 3,300-79,489 2,562,337 1,000, ,860 1,548,764 2,493,624 2,634,911 80,825 3,220-80,825 2,639,147 1,000, ,000 1,627,791 2,575,791 2,713,027 82,167 3,140-82,167 2,717,080 1,000, ,050 1,708,171 2,659,221 2,792,222 83,429 3,050-83,429 2,796,089 1,000, ,020 1,789,925 2,743,945 2,872,509 84,725 2,970-84,725 2,876,193 1,000, ,890 1,872,990 2,829,880 2,953,873 85,935 2,870-85,935 2,957,372 1,000, ,680 1,957,400 2,917,080 3,036,321 87,200 2,790-87,200 3,039,638 1,000, ,370 2,043,097 3,005,467 3,119,848 88,387 2,690-88,387 3,122,985 1,000, ,980 2,130,113 3,095,093 3,204,459 89,625 2,610-89,625 3,207,416 1,000, ,490 2,218,418 3,185,908 3,290,180 90,815 2,510-90,815 3,292,962 1,000, ,920 2,308,052 3,277,972 3,377,024 92,064 2,430-92,064 3,379,631 1,000, ,250 2,399,010 3,371,260 3,465,045 93,288 2,330-93,288 3,467,483 1,000, ,500 2,491,331 3,465,831 3,554,252 94,571 2,250-94,571 3,556,522 1,000, ,650 2,585,015 3,561,665 3,644,709 95,833 2,150-95,833 3,646,818 1,000, ,820 2,680,411 3,659,231 3,736,470 97,566 2,170-97,566 3,738,410 1,000, ,630 2,776,596 3,757,226 3,829,639 97,995 1,810-97,995 3,831,441 1,000, ,000,000 2,924,282 3,924,282 3,924, ,056 19, ,056 3,924,282 1,000,000 THIS ILLUSTRATION IS BASED ON THE 2007 DIVIDEND SCALE AND ASSUMES THAT THE CURRENTLY ILLUSTRATED NON-GUARANTEED ELEMENTS, INCLUDING DIVIDENDS, WILL CONTINUE UNCHANGED FOR ALL YEARS SHOWN. THIS IS NOT LIKELY TO OCCUR AND THE ACTUAL RESULTS MAY BE MORE OR LESS FAVORABLE THAN THOSE SHOWN. SEE TABULAR DETAIL FOR GUARANTEED S AND OTHER IMPORTANT INFORMATION. May 18, 2007 ID:5215 Vers: 47.3 Page : 12 of 12