Life Paid-Up at Age 65

from A Life Insurance Illustration for Joe Doe Presented by Sheryl Baxter

LifeTimes The purpose of this illustration is to provide detailed information about LIFE PAID-UP AT AGE 65. Significant terms in this life insurance illustration are defined below. This illustration contains both guaranteed and non-guaranteed elements. Only those elements specifically noted are guaranteed. LIFE PAID-UP AT AGE 65 POLICY Life : The Life is the individual named in the policy whose life is covered by the base policy. : This is the amount payable to the beneficiary of the policy on the death of the life insured. has a guaranteed death benefit. Dividends: is a participating policy. This means that certain policy amounts are affected by the future experience of FaithLife Financial on rates of investment income, mortality experience and other factors applicable to other similar participating policies. Dividends are the vehicle by which these adjustments are made from year to year. Dividends represent a distribution of a portion of the participating surplus of FaithLife Financial which is determined annually by the Board of Directors. The set of dividends which apply to a policy under a given set of assumptions is referred to as a "Dividend Scale". A Dividend Scale, which is not guaranteed, includes dividends for future policy years in addition to the current year. For policies, dividends are payable under three dividend options: 1. The dividend can be used to purchase additional paid-up insurance. 2. The dividend can be left on deposit to grow with interest. 3. The dividend can be applied to premium. The dividends are not guaranteed and will vary - up or down - from the values shown. s: Life Paid-Up at 65 is a level premium plan. The premiums are payable until the policy anniversary following the Life 's 65th birthday and are guaranteed. These premiums are shown in the Schedule of s table. The total policy premium may be scheduled to change periodically if riders and benefits are part of this policy. Paid-Up : If the first dividend option is chosen, then Paid-Up are purchased at each policy anniversary with the dividend paid to the policy. A Paid-Up Addition is permanent insurance that is purchased with a single dividend contribution and remains as additional coverage for life. The amount of dividends declared and the amount of Paid-Up purchased in any year are not guaranteed. However, once purchased, the cash surrender value of this additional insurance is guaranteed. Page 1 of 10

LifeTimes : The basic coverage has s that are guaranteed. The of the Paid-Up is based on the amount of actual paid-up insurance accumulated over time. The amount of Paid-Up is not guaranteed. However, the of the Paid-Up is guaranteed. The table illustrates how the plan might perform under various scenarios. Taxes: The premiums and values in this illustration are based on tax legislation current as of the date of the illustration. Income tax is not currently payable on earnings generated within a life insurance policy provided that the policy does not exceed certain limits prescribed by the Income Tax Act. conforms with these limitations at the time of this illustration. This illustration assumes the policy will stay within prescribed limits. RIDERS AND BENEFITS Riders and s are additional coverages attached to the base policy. They enable you to tailor the policy to suit your needs and, in some instances, offer additional protection. This plan has been tailored to include the additional Riders and s listed below: Waiver of : This benefit provides that should the Life become totally disabled for a period of at least six months, the premiums due under this policy will be waived for the duration of the disability period. If the disability occurs after age 60 but prior to age 65, the premiums due under this policy will be waived until age 65. The premiums for this benefit are level and guaranteed. Page 2 of 10

Schedule Of s Plan Details Insurance Amount Initial Basic Plan $20,000 $169.20 Riders and s Waiver of Total Initial Annual Total Initial Monthly-PAC $1.40 $170.60 $15.35 Scenario Analysis The plan is a participating policy as defined in the description section. The dividends allocated to the plan may change due to changes in investment earnings, expenses, corporate taxes or mortality. The Scenario Analysis tables shown below illustrate how the plan might perform under two different Dividend Scales. The Primary Scenario shows the Society's Current Dividend Scale. This Dividend Scale is calculated using FaithLife Financial's current Dividend factors and is subject to change - up or down - depending on the Society's future experience. The Alternative Scenario shows a Dividend Scale which is 85% of the Dividend Scale in the Primary Scenario. This scenario is intended to show how a Dividend Scale change of this magnitude will affect the plan. Page 3 of 10

Primary Scenario (current Dividend Scale) s s 0 1 $184 $0 $0 $0 $20,000 1 2 184 0 10 134 20,134 2 3 184 0 20 267 20,267 3 4 184 0 32 397 20,397 4 5 184 0 43 525 20,525 5 6 184 0 56 651 20,651 6 7 184 0 69 776 20,776 7 8 184 0 83 898 20,898 8 9 184 80 177 1,019 21,019 9 10 184 160 273 1,138 21,138 10 11 184 240 369 1,255 21,255 11 12 184 320 465 1,370 21,370 12 13 184 400 563 1,484 21,484 13 14 184 480 662 1,596 21,596 14 15 184 540 752 1,796 21,796 15 16 184 620 879 2,122 22,122 16 17 184 700 1,038 2,678 22,678 17 18 184 780 1,204 3,249 23,249 18 19 184 840 1,354 3,829 23,829 19 20 184 920 1,530 4,407 24,407 20 21 184 1,020 1,735 4,982 24,982 21 22 184 1,100 1,920 5,562 25,562 22 23 184 1,200 2,138 6,142 26,142 23 24 184 1,300 2,360 6,728 26,728 24 25 184 1,400 2,590 7,316 27,316 25 26 184 1,520 2,846 7,905 27,905 26 27 184 1,640 3,117 8,491 28,491 27 28 184 1,760 3,392 9,075 29,075 28 29 184 1,880 3,676 9,660 29,660 29 30 184 2,020 3,987 10,247 30,247 30 31 184 2,160 4,314 10,837 30,837 31 32 184 2,320 4,678 11,434 31,434 32 33 184 2,480 5,046 12,036 32,036 33 34 184 2,640 5,438 12,646 32,646 Page 4 of 10

Primary Scenario (current Dividend Scale) s s 34 35 $184 $2,820 $5,850 $13,270 $33,270 35 36 184 3,000 6,289 13,910 33,910 36 37 184 3,200 6,770 14,567 34,567 37 38 184 3,380 7,249 15,242 35,242 38 39 184 3,600 7,783 15,937 35,937 39 40 184 3,820 8,345 16,651 36,651 40 41 184 4,040 8,950 17,380 37,380 41 42 184 4,260 9,531 18,131 38,131 42 43 184 4,520 10,195 18,899 38,899 43 44 184 4,760 10,874 19,688 39,688 44 45 184 5,020 11,631 20,494 40,494 45 46 184 5,300 12,408 21,325 41,325 46 47 184 5,560 13,183 22,184 42,184 47 48 184 5,860 14,040 23,068 43,068 48 49 184 6,160 14,974 23,975 43,975 49 50 184 6,460 15,896 24,911 44,911 50 51 184 6,780 16,886 25,872 45,872 51 52 184 7,100 17,890 26,867 46,867 52 53 184 7,440 18,967 27,896 47,896 53 54 184 7,780 20,105 28,964 48,964 54 55 184 8,120 21,308 30,069 50,069 55 56 184 8,480 22,540 31,214 51,214 56 57 184 8,840 23,837 32,394 52,394 57 58 184 9,220 25,223 33,606 53,606 58 59 184 9,600 26,681 34,845 54,845 59 60 184 10,000 28,150 36,119 56,119 60 61 184 10,400 29,693 37,429 57,429 61 62 184 10,820 31,339 38,781 58,781 62 63 184 11,240 33,076 40,178 60,178 63 64 184 11,660 34,788 41,630 61,630 64 65 0 12,080 36,584 43,128 63,128 65 66 0 12,440 38,264 44,417 64,417 66 67 0 12,820 40,045 45,738 65,738 67 68 0 13,180 41,722 47,095 67,095 68 69 0 13,540 43,646 48,470 68,470 Page 5 of 10

Primary Scenario (current Dividend Scale) s s 69 70 $0 $13,920 $45,489 $49,879 $69,879 70 71 0 14,280 47,389 51,320 71,320 71 72 0 14,640 49,369 52,789 72,789 72 73 0 15,000 51,198 54,296 74,296 73 74 0 15,340 53,062 55,828 75,828 74 75 0 15,700 55,258 57,359 77,359 75 76 0 16,060 57,252 58,905 78,905 76 77 0 16,400 59,277 60,456 80,456 77 78 0 16,740 61,668 62,001 82,001 78 79 0 17,080 63,818 63,564 83,564 79 80 0 17,400 66,013 65,141 85,141 80 81 0 17,720 68,275 66,733 86,733 81 82 0 18,040 70,223 68,360 88,360 82 83 0 18,340 72,605 70,002 90,002 83 84 0 18,640 75,071 71,667 91,667 84 85 0 18,920 77,154 73,375 93,375 85 86 0 19,180 79,268 75,110 95,110 86 87 0 19,460 81,933 76,842 96,842 87 88 0 19,500 83,923 78,596 98,596 88 89 0 19,500 85,902 80,346 100,346 89 90 0 19,500 87,901 82,081 102,081 90 91 0 19,500 89,910 83,787 103,787 91 92 0 19,500 91,926 85,463 105,463 92 93 0 19,500 93,998 87,163 107,163 93 94 0 19,500 96,129 88,889 108,889 94 95 0 19,500 98,320 90,643 110,643 95 96 0 19,500 100,572 92,422 112,422 96 97 0 19,500 102,889 94,229 114,229 97 98 0 19,500 105,271 96,063 116,063 98 99 0 19,500 107,730 97,936 117,936 99 100 0 20,000 110,914 100,006 120,006 Year 63: last premium (age 64). Payment mode is monthly - PAC. Page 6 of 10

Alternative Scenario (85% of Current Dividend Scale) s s 0 1 $184 $0 $0 $0 $20,000 1 2 184 0 9 114 20,114 2 3 184 0 17 226 20,226 3 4 184 0 27 336 20,336 4 5 184 0 37 445 20,445 5 6 184 0 47 550 20,550 6 7 184 0 58 655 20,655 7 8 184 0 70 757 20,757 8 9 184 80 161 858 20,858 9 10 184 160 255 956 20,956 10 11 184 240 349 1,053 21,053 11 12 184 320 442 1,148 21,148 12 13 184 400 537 1,241 21,241 13 14 184 480 632 1,333 21,333 14 15 184 540 717 1,499 21,499 15 16 184 620 837 1,772 21,772 16 17 184 700 983 2,239 22,239 17 18 184 780 1,134 2,717 22,717 18 19 184 840 1,270 3,202 23,202 19 20 184 920 1,429 3,684 23,684 20 21 184 1,020 1,617 4,161 24,161 21 22 184 1,100 1,784 4,641 24,641 22 23 184 1,200 1,982 5,120 25,120 23 24 184 1,300 2,182 5,602 25,602 24 25 184 1,400 2,389 6,085 26,085 25 26 184 1,520 2,622 6,566 26,566 26 27 184 1,640 2,865 7,045 27,045 27 28 184 1,760 3,113 7,520 27,520 28 29 184 1,880 3,366 7,996 27,996 29 30 184 2,020 3,646 8,471 28,471 30 31 184 2,160 3,939 8,948 28,948 31 32 184 2,320 4,264 9,428 29,428 32 33 184 2,480 4,594 9,912 29,912 33 34 184 2,640 4,941 10,401 30,401 34 35 184 2,820 5,309 10,900 30,900 Page 7 of 10

Alternative Scenario (85% of Current Dividend Scale) s s 35 36 $184 $3,000 $5,698 $11,410 $31,410 36 37 184 3,200 6,125 11,933 31,933 37 38 184 3,380 6,545 12,468 32,468 38 39 184 3,600 7,017 13,018 33,018 39 40 184 3,820 7,510 13,581 33,581 40 41 184 4,040 8,038 14,154 34,154 41 42 184 4,260 8,546 14,743 34,743 42 43 184 4,520 9,128 15,344 35,344 43 44 184 4,760 9,716 15,960 35,960 44 45 184 5,020 10,371 16,587 36,587 45 46 184 5,300 11,044 17,232 37,232 46 47 184 5,560 11,710 17,896 37,896 47 48 184 5,860 12,448 18,578 38,578 48 49 184 6,160 13,247 19,276 39,276 49 50 184 6,460 14,033 19,994 39,994 50 51 184 6,780 14,877 20,729 40,729 51 52 184 7,100 15,730 21,488 41,488 52 53 184 7,440 16,643 22,271 42,271 53 54 184 7,780 17,602 23,081 43,081 54 55 184 8,120 18,610 23,916 43,916 55 56 184 8,480 19,642 24,779 44,779 56 57 184 8,840 20,722 25,666 45,666 57 58 184 9,220 21,874 26,574 46,574 58 59 184 9,600 23,080 27,499 47,499 59 60 184 10,000 24,295 28,448 48,448 60 61 184 10,400 25,565 29,420 49,420 61 62 184 10,820 26,915 30,419 50,419 62 63 184 11,240 28,332 31,449 51,449 63 64 184 11,660 29,724 32,516 52,516 64 65 0 12,080 31,178 33,612 53,612 65 66 0 12,440 32,512 34,523 54,523 66 67 0 12,820 33,923 35,453 55,453 67 68 0 13,180 35,244 36,406 56,406 68 69 0 13,540 36,751 37,370 57,370 69 70 0 13,920 38,194 38,354 58,354 Page 8 of 10

Alternative Scenario (85% of Current Dividend Scale) s s 70 71 $0 $14,280 $39,671 $39,357 $59,357 71 72 0 14,640 41,204 40,377 60,377 72 73 0 15,000 42,613 41,420 61,420 73 74 0 15,340 44,041 42,477 62,477 74 75 0 15,700 45,721 43,530 63,530 75 76 0 16,060 47,242 44,590 64,590 76 77 0 16,400 48,777 45,652 65,652 77 78 0 16,740 50,584 46,705 66,705 78 79 0 17,080 52,204 47,768 67,768 79 80 0 17,400 53,846 48,838 68,838 80 81 0 17,720 55,534 49,915 69,915 81 82 0 18,040 56,981 51,012 71,012 82 83 0 18,340 58,741 52,117 72,117 83 84 0 18,640 60,557 53,234 73,234 84 85 0 18,920 62,076 54,377 74,377 85 86 0 19,180 63,607 55,534 75,534 86 87 0 19,460 65,547 56,686 76,686 87 88 0 19,500 66,919 57,851 77,851 88 89 0 19,500 68,270 59,011 79,011 89 90 0 19,500 69,632 60,159 80,159 90 91 0 19,500 71,001 61,286 81,286 91 92 0 19,500 72,373 62,390 82,390 92 93 0 19,500 73,781 63,509 83,509 93 94 0 19,500 75,225 64,641 84,641 94 95 0 19,500 76,706 65,787 85,787 95 96 0 19,500 78,225 66,947 86,947 96 97 0 19,500 79,785 68,122 88,122 97 98 0 19,500 81,385 69,311 89,311 98 99 0 19,500 83,032 70,521 90,521 99 100 0 20,000 85,318 71,849 91,849 Year 63: last premium (age 64). Payment mode is monthly - PAC. Page 9 of 10

LifeTimes Compliance Notice Client Signature I have received a copy of this illustration and understand that this product contains both guaranteed and non-guaranteed elements. Any non-guaranteed elements are subject to change - up or down - depending upon FaithLife Financial's future interest, mortality and expense experience. The District Representative has told me they are not guaranteed.. I understand that this illustration is incomplete without all its pages and without the signatures below. Client signature: District Representative Signature I certify that this illustration has been presented to the client and that I have explained that any non-guaranteed elements illustrated are subject to change. I made no statements that are inconsistent with the illustration. District Representative's signature: Page 10 of 10