Hemphill, Luke
Complicated Questions. Simple Answers. Life Insured.
Luke Hemphill, CRNA
March 10, 2019
Gary H. Scholnick, CLU ChFC | Advanced income Strategies, LLC | o 248.723.1020 | f 248.723.1022
Luke Hemphill CRNA
Special Pre and Post Retirement Income Distributions
Guardian Life
Special A Pre Retire Income Disributn
Annual
Annual Tuition Income
Total
Retiremnt Income Disributn
Non Taxable
Pol
Att Age
Income Disributn
Year
Disributn
0
‐716,380
0
‐716,380
1 2 3 4 5 6 7 8 9
39 40 41 42 43 44 45 46 47 48 53 54 55 56 57 58 59 64 65 66 67 68 69 70 71 72 73 83 84 85 86 87 88 89 90 91 92 93 95 96 97
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
10
15 16 17 18 19 20 21 26 27 28 29 30 31 32 33 34 35 45 46 47 48 49 50 51 52 53 54 55 57 58 59
0
0
‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819
‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819
0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
______________________ Policy Values Reflect Dividend Additions from Guardian Life's 2019 Dividend Scale Carrier Dividends are Never Guaranteed. Premiums include Disability Waiver See AIS Bookshelf for Home Office Illustrations of Policy Values, Features and Benefits
Luke Hemphill CRNA
Minimum Premium
$1M Whole Life / Base
$1M Renewable Term
Guardian Life
Required Guaranteed
Projected
Projected
Projected Additional
Total Cash Value
Minimum
Total Cash Value
Net
Additn'l YRT
Net
Pol
Att Age
Annual
Death Benefit
Annual
Death
Year
Premium
Premium Benefit
1 2 3 4 5 6 7 8 9
39 40 41 42 43 44 45 46 47 48 53 54 55 56 57 58 59 64 65 66 67 68 69 70 71 72 73 83 84 85 86 87 88 89 90 91 92 93 95 96 97
7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925
0 0
0
500,000 500,305 501,567 503,109 504,875 506,991 509,742 513,727 518,886 525,148 571,357 583,379 595,817 608,713 622,074 635,862 632,811 626,911 628,153 630,015 632,442 635,406 638,884 642,889 647,450 652,663 658,559 756,873 771,148 786,225 801,894 818,093 834,768 851,947 869,489 887,057 904,477 921,592 954,397 969,398 982,584
470 580 800 950
1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
305
4,965 11,250 17,700 24,550 31,565 38,760 46,135 53,760 95,300 104,170 113,175 122,320 131,605 141,100 150,170 196,700 206,080 215,515 225,035 234,635 244,355 254,140 263,980 273,725 283,405 372,950 380,565 387,860 394,795 401,345 407,515 413,330 418,830 424,255 429,720 435,365 448,290 456,780 468,030
5,681 12,453 19,519 27,133 35,341 44,174 53,662 63,869 126,649 141,494 156,982 173,147 190,014 207,648 217,139 269,929 281,834 294,181 306,998 320,299 334,132 348,483 363,376 378,743 394,630 584,791 606,983 629,705 652,687 675,871 699,202 722,732 746,361 770,124 794,048 818,213 868,479 895,878 926,261
1,160 1,320 1,460 1,640 1,850 2,090 3,570 4,030 4,600 5,310 5,990 6,540 7,130
10
15 16 17 18 19 20 21 26 27 28 29 30 31 32 33 34 35 45 46 47 48 49 50 51 52 53 54 55 57 58 59
0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12,820
1,000,000
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
______________________ Policy Values Reflect Dividend Additions from Guardian Life's 2019 Dividend Scale Carrier Dividends are Never Guaranteed. Premiums include Disability Waiver See AIS Bookshelf for Home Office Illustrations of Policy Values, Features and Benefits
Luke Hemphill CRNA
Aggregate Premium
$1M Whole Life / Excess Funding
Guardian Life
Voluntary Additional
Projected Guaranteed
Projected
Projecetd
Additional
Net
Total Cash Value
Net
Pol
Att Age
Annual
Annual
Cash Value
Death Benefit
Year
Premium Income
Guar Liquidity / Annl Avg >
96.6%
1 2 3 4 5 6 7 8 9
39 40 41 42 43 44 45 46 47 48 53 54 55 56 57 58 59 64 65 66 67 68 69 70 71 72 73 83 84 85 86 87 88 89 90 91 92 93 95 96 97
7,075 7,075
0 6,768 0 6,898
6,768 14,247 27,166 41,870 57,279 73,658 91,081 109,601 129,273 150,190 275,391 304,675 335,310 367,374 400,912 436,049 457,085 576,158 565,840 554,819 543,093 530,618 517,398 503,356 488,455 472,558 455,459 207,140 171,675 171,066 169,379 166,480 162,245 156,661 149,546 140,862 129,565 116,712 87,355 72,060 57,754
527,003 553,365 580,418 607,355 634,160 661,002 688,208 716,420 745,610 775,728
7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
7,030 7,158 7,288 7,409 7,529 7,651 7,771 7,906
10
15 16 17 18 19 20 21 26 27 28 29 30 31 32 33 34 35 45 46 47 48 49 50 51 52 53 54 55 57 58 59
8,508
939,347 974,784 1,010,738 1,047,305 1,084,529 1,122,373 1,129,336 1,180,255 1,128,097 1,077,644 1,028,196 979,631 931,836 884,756 838,357
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0
‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819
792,669 758,410 404,029 358,876 348,788 337,911 326,239 313,646 300,094 285,354 268,978 249,871 228,393 178,561 149,405 116,483
0 0 0 0 0 0 0 0 0 0 0 0
______________________ Policy Values Reflect Dividend Additions from Guardian Life's 2019 Dividend Scale Carrier Dividends are Never Guaranteed. Premiums include Disability Waiver See AIS Bookshelf for Home Office Illustrations of Policy Values, Features and Benefits
Luke Hemphill CRNA
Aggregate Premium
$1M Whole Life PLUS Excess Funding
Guardian Life
Required
Voluntary
Projected Guaranteed
Projected
Projecetd
Additional
Minimum Additional
Net
Total Cash Value
Net
Pol
Att Age
Annual
Annual
Annual
Cash Value
Death Benefit
Year
Premium Premium Income
158,500
141,500
‐716,380
1 2 3 4 5 6 7 8 9
39 40 41 42 43 44 45 46 47 48 53 54 55 56 57 58 59 64 65 66 67 68 69 70 71 72 73 83 84 85 86 87 88 89 90 91 92 93 95 96 97
7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925
7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6,768 6,898 7,030 7,158 7,288 7,409 7,529 7,651 7,771 7,906
6,768 14,247 27,166 41,870 57,279 73,658 91,081 109,601 129,273 150,190 275,391 304,675 335,310 367,374 400,912 436,049 457,085 576,158 565,840 554,819 543,093 530,618 517,398 503,356 488,455 472,558 455,459 207,140 171,675 171,066 169,379 166,480 162,245 156,661 149,546 140,862 129,565 116,712 87,355 72,060 57,754
527,003 553,365 580,418 607,355 634,160 661,002 688,208 716,420 745,610 775,728
10
15 16 17 18 19 20 21 26 27 28 29 30 31 32 33 34 35 45 46 47 48 49 50 51 52 53 54 55 57 58 59
8,508
939,347 974,784 1,010,738 1,047,305 1,084,529 1,122,373 1,129,336 1,180,255 1,128,097 1,077,644 1,028,196 979,631 931,836 884,756 838,357
0 0 0 0 0
0
0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0
‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819
792,669 758,410 404,029 358,876 348,788 337,911 326,239 313,646 300,094 285,354 268,978 249,871 228,393 178,561 149,405 116,483
0 0 0 0 0 0 0 0 0 0 0 0
______________________ Policy Values Reflect Dividend Additions from Guardian Life's 2019 Dividend Scale Carrier Dividends are Never Guaranteed. Premiums include Disability Waiver See AIS Bookshelf for Home Office Illustrations of Policy Values, Features and Benefits
Luke Hemphill CRNA
Invest Tax
Effective Rates of Return on All Cash Flows
35%
Guardian Life
To Age 55
To Age 65
To Age 73
Guardian 2019 Divs 5.85%
Reqrd Min
Vol Add'l
Annual
Annual
Total Ann'l
Total Ann'l
Total Ann'l
Pol
Att Age
Premium Premium Premium Premium Premium
Simple Plan
Smart Plan
Smart Plan
Smart Plan
Smart Plan
Year
6.34% 9.90% 23.63% 12.21% 8.43%
Equiv Grs > Net Yield >
4.12%
6.44%
15.36%
7.94%
5.48%
1 2 3 4 5 6 7 8 9
39 40 41 42 43 44 45 46 47 48 53 54 55 56 57 58 59 64 65 66 67 68 69 70 71 72 73 83 84 85 86 87 88 89 90 91 92 93 95 96 97
7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925
7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075
15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
10
15 16 17 18 19 20 21 26 27 28 29 30 31 32 33 34 35 45 46 47 48 49 50 51 52 53 54 55 57 58 59
‐995,738
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0
0
0
0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0
0
0
‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819
‐1,163,916
‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐794,229
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
‐869,489
______________________ Policy Values Reflect Dividend Additions from Guardian Life's 2019 Dividend Scale Carrier Dividends are Never Guaranteed. Premiums include Disability Waiver See AIS Bookshelf for Home Office Illustrations of Policy Values, Features and Benefits
Luke Hemphill CRNA
Invest Tax
Effective Rates of Return on All Cash Flows
35%
Guardian Life
To Age 55
To Age 65
To Age 73
Guardian 2019 Divs 5.85%
Reqrd Min
Vol Add'l
Annual
Annual
Total Ann'l
Total Ann'l
Total Ann'l
Pol
Att Age
Premium Premium Premium Premium Premium
Simple Plan
Smart Plan
Smart Plan
Smart Plan
Smart Plan
Year
6.34% 9.90% 23.63% 12.21% 8.43%
Equiv Grs > Net Yield >
4.12%
6.44%
15.36%
7.94%
5.48%
1 2 3 4 5 6 7 8 9
39 40 41 42 43 44 45 46 47 48 53 54 55 56 57 58 59 64 65 66 67 68 69 70 71 72 73 83 84 85 86 87 88 89 90 91 92 93 95 96 97
7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925
7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075
15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
10
15 16 17 18 19 20 21 26 27 28 29 30 31 32 33 34 35 45 46 47 48 49 50 51 52 53 54 55 57 58 59
‐995,738
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0
0
0
0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0
0
0
‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819
‐1,163,916
‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐794,229
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
‐869,489
______________________ Policy Values Reflect Dividend Additions from Guardian Life's 2019 Dividend Scale Carrier Dividends are Never Guaranteed. Premiums include Disability Waiver See AIS Bookshelf for Home Office Illustrations of Policy Values, Features and Benefits
Luke Hemphill CRNA
Invest Tax
Effective Rates of Return on All Cash Flows
40%
Guardian Life
To Age 55
To Age 65
To Age 73
Guardian 2019 Divs 5.85%
Reqrd Min
Vol Add'l
Annual
Annual
Total Ann'l
Total Ann'l
Total Ann'l
Pol
Att Age
Premium Premium Premium Premium Premium
Simple Plan
Smart Plan
Smart Plan
Smart Plan
Smart Plan
Year
6.87% 10.73% 25.60% 13.23% 9.13%
Equiv Grs > Net Yield >
4.12%
6.44%
15.36%
7.94%
5.48%
1 2 3 4 5 6 7 8 9
39 40 41 42 43 44 45 46 47 48 53 54 55 56 57 58 59 64 65 66 67 68 69 70 71 72 73 83 84 85 86 87 88 89 90 91 92 93 95 96 97
7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925 7,925
7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075 7,075
15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
10
15 16 17 18 19 20 21 26 27 28 29 30 31 32 33 34 35 45 46 47 48 49 50 51 52 53 54 55 57 58 59
‐995,738
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0
0
0
0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0
0
0
‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819
‐1,163,916
‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐35,819 ‐794,229
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
‐869,489
______________________ Policy Values Reflect Dividend Additions from Guardian Life's 2019 Dividend Scale Carrier Dividends are Never Guaranteed. Premiums include Disability Waiver See AIS Bookshelf for Home Office Illustrations of Policy Values, Features and Benefits
Whole Life 99 Life Insurance Illustration
Prepared for: Luke Hemphill
Gary H Scholnick, CLU ChFC Advanced Income Strategies LLC 6632 Telegraph Road Suite 372 Bloomfield Hills, MI 48301 248 723 1020 Fax: 248 723 1022 E-Mail: gary@adv-income.com
Home Office: The Guardian Life Insurance Company of America 7 Hanover Square New York, NY 10004 1-888-GUARDIAN (1-888-482-7342)
Illustration: 2018-66233
March 10, 2019
Version: 2.22.0
Page: 1 of 19
Guardian Life Insurance Illustration Narrative Summary Luke Hemphill, Male Age 39, Preferred Plus NT
Benefit
Premium **
$500,000
Whole Life 99
$7,700.00
Enhanced Accelerated Benefit Rider Paid Up Additions Rider (Scheduled) PUA Waiver of Premium ($6,882.30/year)
$6,882.30
$192.70 $225.00
Waiver of Premium
Index Participation Feature (50% initial allocation)
Total First Year Premium
$15,000.00
See schedule of Index Participation Feature allocation. 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 Insurance Policy, Generic Form Number: 14-L99. • 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 99. • 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. • Paid-Up Additional Whole Life Insurance Rider, Generic Form Number: 14-IPUA. • The rider generates dividends, guaranteed cash value and a guaranteed death benefit. • Premiums for this rider are allowed to age 99. • The policy owner may elect to discontinue premium payments at any time although previously purchased coverage will continue unless surrendered. • A 5% Service Fee will be deducted from each payment made under this rider prior to applying the balance of the payment to purchase paid-up additions. • Waiver of Premium Rider, Generic Form Number: 01-R2. • Premiums will be waived while the insured is totally disabled, if the disability is continuous for at least six months. Premiums will be waived for as long as the disability continues. If the disability begins before age 60 and continues to age 65, all remaining policy premiums will be waived. However, if the disability begins between ages 60 and 64, premiums will be waived to the later of 2 years from the start of the disability, or age 65. The rider terminates at age 65 unless premiums are being waived. • The premium for this rider is payable for 26 years. • The definition of total disability under the rider is based on the insured's "own occupation" for the first 5 years of disability.
Whole Life 99 (2016 Series):
Dividend Option: • Paid Up Additions (D)
Paid Up Additions Rider (PUA):
Waiver of Premium:
March 10, 2019 ID:9881
Version: 2.22.0
Page: 2 of 19
Guardian Life Insurance Illustration Narrative Summary
Enhanced EABR: • Accelerated Benefit Rider, Generic Form Number: 01-R111 (2001 CSO).
• Provides coverage by advancing a portion of the death benefit for Chronic and Terminal Illnesses, if qualifying triggers are met. • Cost of rider is in the form of lien carrying charges. • A one time fee is deducted from the first accelerated benefit paid from the policy. • The Total Lien Limit for Chronic Illness is the cash value plus a percentage (based on the insured's age at the time of the first claim) of the difference between the death benefit and the cash value. • The Total Lien Limit for Terminal Illness is the cash value plus 80% of the difference between the death benefit and the cash value. • This policy may be encumbered by a collateral assignment. If such an assignment exists at the time the Enhanced ABR is exercised, both the assignor and assignee must sign the request to accelerate the death benefit. A check will be issued jointly to both parties; alternatively, written notification may be submitted with payment instructions which is signed by both the assignee and the assignor giving the payment instructions. • Index Participation Rider, Generic Form Number: 15-IPR. • Provides the option to apply an index adjustment to the dividend payable under the policy. The adjustment is based on an external index and the cash value of paid-up additions that are allocated under this rider. • While there is no direct out-of-pocket premium for this rider, there is a rider charge that is deducted when an index period is created. The rider charge is paid through the surrender of paid-up additions; the illustration is based on the assumption that the rider charge is paid at the beginning of the year that the index period ends. See Index Participation Feature Disclosure for the current and guaranteed rider charge percentages. • The rider ends at age 100. • See Index Participation Disclosure for more details.
Index Participation Feature:
Important Notes: All whole life insurance policy guarantees are subject to the timely payment of all required premiums and the claims paying ability of the issuing insurance company.
** This illustration was run assuming a mode of Annual. All premium and other payments are deemed to be made on policy anniversaries.
This illustration is based on the following PUA Rider premiums:
Scheduled: $6,882.30
Unscheduled: $0.00
Year 1 To 20
The values associated with the Paid-Up Additions Rider are based on the assumption that payments are made exactly on the anniversary or other due date.
Figures depending on dividends are based on the 2019 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. The assumptions on which non-guaranteed elements are based are subject to change by the Company.
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.
March 10, 2019 ID:9881
Version: 2.22.0
Page: 3 of 19
Guardian Life Insurance Illustration Narrative Summary
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% to age 100 and 0% thereafter. The premiums for any riders as well as the Index Participation Feature charge are shown at their guaranteed maximum cost. For the Index Participation Feature, the assumed index adjustment rate is zero. • 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. Non-Guaranteed - Current - Values are non-guaranteed. The columns show the values based on the 2019 dividend scale. The premiums for any riders are shown at their non-guaranteed scheduled rate. For the Index Participation Feature, the assumed index interest rate for the Numeric Summary and Tabular Detail is 8.48%. • 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. Non-Guaranteed - 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. If positive, the index adjustment rate for the Index Participation Feature is equal to half of the index adjustment rate that was applied under the current scenario. Otherwise, the index adjustment rate is equal to the index adjustment rate that was applied under the current scenario. • 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. The Non-Guaranteed Alternate columns on the Tabular Detail use the same assumptions as the Non-Guaranteed Current scenario except that the index adjustment rate is zero.
Current:
Intermediate:
Additional Information:
The Planning Concept report is based on the 2019 dividend interest rate and current assumptions.
The Planning Concept report is based on the following information related to the Index Participation Feature (IPF):
Schedule of Hypothetical Index Returns:
Year 1 To 61
Annual Return of 8.48%
This illustration is based on the following schedule of allocation percentages related to the Index Participation Feature:
March 10, 2019 ID:9881
Version: 2.22.0
Page: 4 of 19
Guardian Life Insurance Illustration Narrative Summary
Year 1 To 52 Year 53 To 60
50% 0%
Any request to change the allocation percentage must be received by the Home Office at least 10 days prior to the Index Start Date. Per the terms of the rider, the index allocation was changed to zero percent beginning in year 53 since the loan was at least 85% of the total cash value on the index start date. The illustrated end-of-year values are based on the assumption the policyholder does not start a new index period in the months preceding a policy surrender. If a new index period is created, the surrender value is reduced by the index charge. 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. Guardian's current Individual Life Dividend Scale meets the requirements of the National Association of Insurance Commissioners (NAIC) Life Insurance Model Regulation and is not more favorable than the lesser of, (i) the Disciplined Current Scale or (ii) the currently payable scale. The maximum illustrated index interest rate is in compliance with Actuarial Guideline 49. 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. Interest on policy loans is payable in advance. Initially, this policy provides for a fixed loan interest rate of 6.00%. Then, the owner will have a one time ability to elect to change the loan interest rate to a variable loan interest rate. This election can only be made during the Election Period described in the policy. If the election to change to a variable loan interest rate is not exercised, the policy will continue to use the 6.00% fixed loan interest rate for 26 years at which time the fixed loan interest rate will decrease to 4.00%. If the variable loan interest rate is elected, the interest rate charged on all loan balances may change for your policy as often as annually, and as described in the policy. The maximum loan interest rate will never exceed the greater of 4.50% or the Moody's Corporate Bond Yield Average Index. Guardian may declare a rate that is less than the guaranteed maximum loan interest rate at its sole discretion. When a fixed loan interest rate is used in this policy, any dividends can be affected by policy loans. When a variable loan interest rate is used in this policy, any dividends will not be affected by policy loans. 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 face amount of paid up insurance, if shown, is the amount that can be purchased with the end-of- year Net Cash Value. This assumes that policy values have been used to repay any loan. This type of loan repayment may have income tax consequences. 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, loans and collateral assignments will be taxed less favorably than for non- MEC. The currently declared variable loan interest rate is 4.50%. This illustration assumes that the policy's fixed loan interest rate structure is in effect for all years.
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Guardian Life Insurance Illustration Narrative Summary
It may violate federal law to use policies whose rates vary by gender in qualified plans.
Life insurance contract death benefits are generally excludable from the income of the recipient. However, if the policy is considered "Employer Owned Life Insurance" (EOLI) under the Internal Revenue Code, the benefit may be considered taxable. Under certain circumstances, this tax treatment applies to individually owned policies as well as employer owned policies. Your agent can provide you with the form EOLINOTICE101J0809 Notice & Consent for Employer Owned Life Insurance. Contact your tax advisor for details about complying with the regulation.
Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.
The Planning Concept report reflects loan, withdrawal or repay loan requests.
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. This illustration may include the Total Guaranteed Cash Value or Guaranteed Face Amount of Paid Up Insurance columns. If so, a positive value is shown in those columns only with certain dividend options and if the following conditions are met: there is an illustrated Paid Up Additions Rider; there are no policy loans; and the illustrated outlay is sufficient to maintain the base policy benefits and Target Additional Benefit on a guaranteed basis. Otherwise the symbol && is shown. The product(s) presented in this illustration may not be available in your state. Any application for an unapproved product will be declined. This illustration is only valid for use in Oregon. 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. Guardian® is a registered trademark of The Guardian Life Insurance Company of America®. This illustration and the information contained therein is intended solely for the use of duly authorized employees and agents of The Guardian Life Insurance Company of America or any of its affiliated insurance companies ("Guardian"). This illustration and any information entered into, provided by or generated from this system is not to be altered, edited, downloaded or otherwise marked and is to be presented in its entirety in the format developed by the system. If information is being downloaded or exported using this site's capabilities, the information downloaded or exported may only be shown to a client if presented in a format that is approved through the Company's Advertising Compliance Review System (ACRS) and is presented in conjunction with a full basic illustration. Some information may be considered private information and all users should adhere to Guardian's privacy rules and protocols for proper handling. Any use of this illustration or the information contained therein in a manner contrary to the rules contained herein may be in violation of state or federal regulations and/ or Guardian policy, and appropriate action will be taken to address. The tax bracket is assumed to be 28% for all years. We strive to ensure the accuracy of this illustration; however, if there is a discrepancy between the illustration and the contract, the contract governs.
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Guardian Life Insurance Illustration Narrative Summary
Guardian Proposal System TM ("GPS") is the exclusive property of The Guardian Life Insurance Company of America ("Guardian") and its licensors, and is only to be used for internal purposes and not to be distributed to the general public. GPS may not be copied in whole or in part without Guardian's Legal Department's prior written authorization. # ## * @ 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 dividends. This symbol indicates that a premium is payable unless the Guaranteed Annual Premium is shown as 0.
Symbol Definitions:
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Guardian Life Insurance Illustration Index Participation Feature Disclosure
Index Participation Feature Description:
The Index Participation Feature (IPF) is a rider that provides for a dividend adjustment that is linked to the performance of an external index. Policyholders can allocate between 0% and 100% of the cash value of paid-up additions (PUA) to the IPF each year. The IPF provides an adjustment to the dividend paid under the policy. This adjustment, subject to the cap rate and floor (shown below), may be positive or negative based on the S&P 500 Price Return index~ performance. Adverse market performance can create negative dividend adjustments which may cause lower overall cash values than would otherwise have accrued had the IPF not been selected. While the adjustment provided by this rider is affected by the S&P 500 Price Return index, it does not participate in any stock or equity investment of the S&P 500 Price Return index. Because the IPF is not a security registered with the Securities and Exchange Commission, agents do not need a securities license to sell it. The dividend after the adjustment provided under this rider will never be less than zero and the base policy guaranteed cash value will not be impacted. You elect an Allocation Percentage, which is the percentage of paid-up additions that will participate in the index. At any time you can change the Allocation Percentage. An index period will be created once a year approximately 30 - 60 days prior to your policy anniversary. The allocation percentage that is in effect at that time will determine the amount of paid-up additions that will be used to calculate the index adjustment provided under this rider. The schedule of allocation percentages that this illustration is based on is shown in the Narrative Summary report.
Index: S&P 500 Price Return index, which excludes dividends Index crediting Method: Annual Point to Point Index Period: One-year
The illustration is based on the following current non-guaranteed assumptions. These elements are assumed to remain unchanged for all years shown. THIS IS NOT LIKELY TO OCCUR AND THE ACTUAL RESULTS MAY BE MORE OR LESS FAVORABLE THAN THOSE SHOWN.
Current Floor: 4.00% Current Cap: 12.50% Current Participation Rate: 100% Current Rider Charge: 2.00%
While we have the right to change the above assumptions, they are subject to the following guaranteed assumptions.
Guaranteed Minimum Floor: 4.00% Guaranteed Minimum Cap: 8.00%
Guaranteed Minimum Participation Rate: 100% Guaranteed Maximum Rider Charge: 3.00%
Policy loans and surrenders of paid-up additions may reduce the basis on which the adjustment under this rider is made. If a loan or withdrawal is made where there is reduction to the index adjustment basis (except for withdrawals to pay a policy premium due on the anniversary) any rider charge that was paid based on the original index adjustment basis will not be refunded. The illustration may adjust the Allocation Percentage when loans or withdrawals are illustrated in order to avoid a reduction in the index adjustment basis. Any such changes are detailed earlier in the Narrative Summary. The Non-Guaranteed - Current columns of the Numeric Summary and Tabular Detail reports assume, after the assessment of the rider charge, an index interest rate of 8.48% in all years. This is equivalent to an index interest rate of 6.31% assuming a rider charge of zero.
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Guardian Life Insurance Illustration Index Participation Feature Disclosure
~ The S&P 500 Price Return Index "the Index" is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI"), and has been licensed for use by The Guardian Life Insurance Company of America ("the Company"). Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P") and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). The trademarks have been licensed to SPDJI and have been sublicensed for use for certain purposes by the Company. The Index Participation Rider (IPR) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices does not make any representation or warranty, express or implied, to the owners of policies that contain the IPR or any member of the public regarding the advisability of investing in securities generally or the ability of the Index to track general market performance. S&P Dow Jones Indices only relationship to the Company with respect to the Index is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The Index is determined, composed and calculated by S&P Dow Jones Indices without regard to the Company or the IPR. S&P Dow Jones Indices has no obligation to take the needs of the Company or the owners of policies that contain the IPR into consideration in determining, composing or calculating the Index. S&P Dow Jones Indices is not responsible for and has not participated in the determination of the prices, and adjustments associated with the IPR or the timing of the issuance or sale of the IPR or in the determination or calculation of the equation by which IPR is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of the IPR. There is no assurance that investment products based on the Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an Index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice. S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY THE COMPANY, OWNERS OF THE POLICIES WHICH CONTAIN THE IPR, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND THE COMPANY, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.
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Guardian Life Insurance Illustration Index Participation Feature Disclosure
Index Participation Historical Rates To help you understand how the Index Adjustment works, the example below shows the Index Interest Rate that would have been used in calculating the rate used for the index adjustment each year from 1999 through 2018 for an Index Period starting on January 1 of each year, assuming a 100% participation rate and the current Cap of 12.50% with a Floor of 4.00%.
Index
Index
Performance
Interest
Beginning S&P
Ending S&P
Year
Value
Value
Rate
Rate
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
1,229.23 1,469.25 1,320.28 1,148.08 1,111.92 1,211.92 1,248.29 1,418.30 1,468.36 1,115.10 1,257.64 1,257.60 1,426.19 1,848.36 2,058.90 2,043.94 2,238.83 2,673.61 879.82 903.25
1,469.25 1,320.28 1,148.08 1,111.92 1,211.92 1,248.29 1,418.30 1,468.36 1,115.10 1,257.64 1,257.60 1,426.19 1,848.36 2,058.90 2,043.94 2,238.83 2,673.61 2,506.85 879.82 903.25
19.53% -10.14% -13.04% -23.37% 26.38% 8.99% 3.00% 13.62% 3.53% -38.49% 23.45% 12.78% 0.00% 13.41% 29.60% 11.39% -0.73% 9.54% 19.42% -6.24%
12.50% 4.00% 4.00% 4.00% 12.50% 8.99% 4.00% 12.50% 4.00% 4.00% 12.50% 12.50% 4.00% 12.50% 12.50% 11.39% 4.00% 9.54% 12.50% 4.00%
Note that different periods of time and different participation rates and/or Caps will produce different results that could be higher or lower than those shown above. Past performance of the S&P 500 Price Return index ~ should not be considered a representation of future performance.
Illustrated Rates Disclosure: The maximum illustrated index interest rate for this illustration is based on geometric averages of index returns over specific 25 year periods during the last 66 years. Per the requirements of Actuarial Guideline 49, the minimum and maximum geometric averages of index returns for those specific 25 year periods are:
Minimum Maximum
6.30% 10.18%
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Guardian Life Insurance Illustration Numeric Summary Luke Hemphill, Male Age 39, Preferred Plus NT
Benefit
Premium **
$500,000
Whole Life 99
$7,700.00
Enhanced Accelerated Benefit Rider Paid Up Additions Rider (Scheduled) PUA Waiver of Premium ($6,882.30/year)
$6,882.30
$192.70 $225.00
Waiver of Premium
Index Participation Feature (50% initial allocation)
Total First Year Premium
$15,000.00
See schedule of Index Participation Feature allocation. Dividend Option: Paid Up Additions (D)
Guaranteed
Non-Guaranteed - Current
Non-Guaranteed - Intermediate
AGE AT ANNUAL CASH DEATH CASH DEATH POL START PREMIUM VALUE BENEFIT PREMIUM VALUE BENEFIT PREMIUM VALUE BENEFIT YR OF YEAR # ## ## #* ##* ##* #* ##* ##* 5 43 15,000 52,842 622,339 15,000 57,279 634,160 15,000 55,067 628,261 10 48 15,000 127,168 716,810 15,000 150,190 775,728 15,000 138,248 745,260 20 58 15,000 299,558 842,916 15,000 436,049 1,122,373 15,000 360,770 968,629 32 70 7,700 434,770 786,037 7,700 886,458 1,484,316 7,700 615,565 1,066,384 37 75 7,700 489,381 765,218 7,700 1,151,943 1,689,653 7,700 740,252 1,116,180 42 80 7,700 538,570 745,915 7,700 1,474,054 1,940,759 7,700 872,160 1,172,947 47 85 7,700 577,515 728,016 7,700 1,857,114 2,252,295 7,700 1,005,201 1,238,401 52 90 7,700 604,421 711,420 7,700 2,289,568 2,619,227 7,700 1,130,535 1,307,863 NET CASH DEATH NET
Applicant's Statement:
I have received a copy of this illustration and understand that any non-guaranteed elements illustrated are subject to change and could be either higher or lower. The agent has told me they are not guaranteed.
EILUS_Owner1_eSig1
EILUS_Owner2_eSig1
Applicant's (Owner's) Signature
Additional Signature (if required)
Date
Insurance Producer's Statement:
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 the illustration.
EILUS_Agent1_eSig1 Producer's Signature
Date
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Guardian Life Insurance Illustration Tabular Detail Luke Hemphill, Male Age 39, Preferred Plus NT
Benefit
Premium **
$500,000
Whole Life 99
$7,700.00
Enhanced Accelerated Benefit Rider Paid Up Additions Rider (Scheduled) PUA Waiver of Premium ($6,882.30/year)
$6,882.30
$192.70 $225.00
Waiver of Premium
Index Participation Feature (50% initial allocation)
Total First Year Premium
$15,000.00
See schedule of Index Participation Feature allocation. Dividend Option: Paid Up Additions (D)
Guaranteed
Non-Guaranteed - Current
Non-Guaranteed - Alternate
AGE AT ANNUAL CASH DEATH CASH DEATH POL START PREMIUM VALUE BENEFIT PREMIUM VALUE BENEFIT PREMIUM VALUE BENEFIT YR OF YR # ## ## # * ## * ## * # * ## * ## * 1 39 15,000 6,768 527,003 15,000 6,768 527,003 15,000 6,768 527,003 2 40 15,000 13,666 552,685 15,000 14,247 553,365 15,000 14,126 553,245 3 41 15,000 25,661 577,100 15,000 27,166 580,418 15,000 26,788 579,704 4 42 15,000 39,104 600,300 15,000 41,870 607,355 15,000 41,085 605,563 5 43 15,000 52,842 622,339 15,000 57,279 634,160 15,000 55,922 630,808 6 44 15,000 67,101 643,265 15,000 73,658 661,002 15,000 71,552 655,609 7 45 15,000 81,645 663,129 15,000 91,081 688,208 15,000 88,031 680,292 8 46 15,000 96,491 681,979 15,000 109,601 716,420 15,000 105,390 705,493 9 47 15,000 111,637 699,859 15,000 129,273 745,610 15,000 123,660 731,163 10 48 15,000 127,168 716,810 15,000 150,190 775,728 15,000 142,910 757,235 11 49 15,000 143,078 732,869 15,000 172,407 806,674 15,000 163,167 783,593 12 50 15,000 159,357 748,069 15,000 195,982 838,461 15,000 184,461 810,234 13 51 15,000 175,983 762,445 15,000 220,968 871,124 15,000 206,813 837,176 14 52 15,000 192,915 776,032 15,000 247,416 904,726 15,000 230,243 864,462 15 53 15,000 210,133 788,866 15,000 275,391 939,347 15,000 254,782 892,147 16 54 15,000 227,596 800,980 15,000 304,675 974,784 15,000 280,174 920,005 17 55 15,000 245,258 812,409 15,000 335,310 1,010,738 15,000 306,429 947,715 18 56 15,000 263,129 823,187 15,000 367,374 1,047,305 15,000 333,585 975,353 19 57 15,000 281,194 833,346 15,000 400,912 1,084,529 15,000 361,652 1,002,946 20 58 15,000 299,558 842,916 15,000 436,049 1,122,373 15,000 390,709 1,030,443 21 59 7,925 310,841 837,772 7,925 465,410 1,146,564 7,925 413,337 1,043,559 22 60 7,925 322,228 832,706 7,925 496,105 1,171,676 7,925 436,724 1,056,967 23 61 7,925 333,645 827,715 7,925 528,159 1,197,694 7,925 460,860 1,070,754 24 62 7,925 345,013 822,799 7,925 561,582 1,224,772 7,925 485,721 1,085,037 25 63 7,925 356,296 817,957 7,925 596,415 1,253,026 7,925 511,306 1,099,893 26 64 7,925 367,516 813,188 7,925 632,745 1,282,505 7,925 537,657 1,115,335 27 65 7,700 378,671 808,490 7,700 670,617 1,313,210 7,700 564,777 1,131,336 28 66 7,700 389,811 803,863 7,700 710,133 1,345,124 7,700 592,716 1,147,847 29 67 7,700 400,987 799,305 7,700 751,402 1,378,195 7,700 621,524 1,164,796 30 68 7,700 412,190 794,815 7,700 794,478 1,412,410 7,700 651,206 1,182,144 31 69 7,700 423,475 790,393 7,700 839,487 1,447,763 7,700 681,826 1,199,858 32 70 7,700 434,770 786,037 7,700 886,458 1,484,316 7,700 713,357 1,217,964 33 71 7,700 446,053 781,747 7,700 935,457 1,522,168 7,700 745,811 1,236,519 34 72 7,700 457,119 777,520 7,700 986,389 1,561,561 7,700 779,059 1,255,691 35 73 7,700 468,014 773,358 7,700 1,039,391 1,602,610 7,700 813,161 1,275,540 NET CASH DEATH NET
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Guardian Life Insurance Illustration Tabular Detail
Guaranteed
Non-Guaranteed - Current
Non-Guaranteed - Alternate
AGE AT ANNUAL CASH DEATH CASH DEATH POL START PREMIUM VALUE BENEFIT PREMIUM VALUE BENEFIT PREMIUM VALUE BENEFIT YR OF YR # ## ## # * ## * ## * # * ## * ## * 36 74 7,700 478,773 769,257 7,700 1,094,543 1,645,290 7,700 848,135 1,296,002 37 75 7,700 489,381 765,218 7,700 1,151,943 1,689,653 7,700 884,006 1,317,084 38 76 7,700 499,832 761,240 7,700 1,211,658 1,735,752 7,700 920,773 1,338,789 39 77 7,700 510,063 757,321 7,700 1,273,737 1,783,723 7,700 958,417 1,361,183 40 78 7,700 519,976 753,462 7,700 1,338,160 1,833,765 7,700 996,869 1,384,380 41 79 7,700 529,476 749,660 7,700 1,404,901 1,886,074 7,700 1,036,049 1,408,482 42 80 7,700 538,570 745,915 7,700 1,474,054 1,940,759 7,700 1,075,974 1,433,519 43 81 7,700 547,174 742,226 7,700 1,545,581 1,997,980 7,700 1,116,557 1,459,558 44 82 7,700 555,373 738,593 7,700 1,619,644 2,057,746 7,700 1,157,864 1,486,546 45 83 7,700 563,182 735,014 7,700 1,696,292 2,120,052 7,700 1,199,873 1,514,421 46 84 7,700 570,582 731,489 7,700 1,775,486 2,184,879 7,700 1,242,491 1,543,113 47 85 7,700 577,515 728,016 7,700 1,857,114 2,252,295 7,700 1,285,583 1,572,616 48 86 7,700 583,930 724,596 7,700 1,940,501 2,321,821 7,700 1,328,614 1,602,527 49 87 7,700 589,804 721,227 7,700 2,025,520 2,393,333 7,700 1,371,455 1,632,718 50 88 7,700 595,150 717,909 7,700 2,112,030 2,466,747 7,700 1,413,976 1,663,091 51 89 7,700 600,002 714,640 7,700 2,200,134 2,542,157 7,700 1,456,230 1,693,678 52 90 7,700 604,421 711,420 7,700 2,289,568 2,619,227 7,700 1,498,008 1,724,213 53 91 7,700 608,724 708,249 7,700 2,380,420 2,697,081 7,700 1,539,353 1,754,076 54 92 7,700 613,055 705,125 7,700 2,472,708 2,775,233 7,700 1,580,273 1,782,943 55 93 7,700 617,597 702,049 7,700 2,566,681 2,853,266 7,700 1,620,913 1,810,544 56 94 7,700 622,644 699,018 7,700 2,663,086 2,930,944 7,700 1,661,760 1,836,747 57 95 7,700 628,660 696,033 7,700 2,762,816 3,007,527 7,700 1,703,376 1,861,099 58 96 7,700 636,690 693,092 7,700 2,868,576 3,081,813 7,700 1,747,453 1,882,867 59 97 7,700 648,121 690,196 7,700 2,983,567 3,151,689 7,700 1,795,948 1,900,780 60 98 7,700 665,396 687,343 7,700 3,113,630 3,213,574 7,700 1,852,403 1,912,700 61 99 0 684,533 684,533 0 3,259,901 3,259,901 0 1,913,618 1,913,618 62 100 0 684,533 684,533 0 3,417,956 3,417,956 0 2,006,379 2,006,379 63 101 0 684,533 684,533 0 3,583,677 3,583,677 0 2,103,638 2,103,638 64 102 0 684,533 684,533 0 3,757,435 3,757,435 0 2,205,614 2,205,614 65 103 0 684,533 684,533 0 3,939,621 3,939,621 0 2,312,537 2,312,537 66 104 0 684,533 684,533 0 4,130,642 4,130,642 0 2,424,645 2,424,645 67 105 0 684,533 684,533 0 4,330,928 4,330,928 0 2,542,190 2,542,190 68 106 0 684,533 684,533 0 4,540,929 4,540,929 0 2,665,436 2,665,436 69 107 0 684,533 684,533 0 4,761,114 4,761,114 0 2,794,660 2,794,660 70 108 0 684,533 684,533 0 4,991,978 4,991,978 0 2,930,151 2,930,151 71 109 0 684,533 684,533 0 5,234,038 5,234,038 0 3,072,213 3,072,213 72 110 0 684,533 684,533 0 5,487,839 5,487,839 0 3,221,166 3,221,166 73 111 0 684,533 684,533 0 5,753,950 5,753,950 0 3,377,342 3,377,342 74 112 0 684,533 684,533 0 6,032,966 6,032,966 0 3,541,093 3,541,093 75 113 0 684,533 684,533 0 6,325,515 6,325,515 0 3,712,786 3,712,786 76 114 0 684,533 684,533 0 6,632,252 6,632,252 0 3,892,806 3,892,806 77 115 0 684,533 684,533 0 6,953,867 6,953,867 0 4,081,557 4,081,557 78 116 0 684,533 684,533 0 7,291,079 7,291,079 0 4,279,463 4,279,463 79 117 0 684,533 684,533 0 7,644,647 7,644,647 0 4,486,967 4,486,967 80 118 0 684,533 684,533 0 8,015,362 8,015,362 0 4,704,535 4,704,535 81 119 0 684,533 684,533 0 8,404,057 8,404,057 0 4,932,655 4,932,655 82 120 0 684,533 684,533 0 8,811,604 8,811,604 0 5,171,839 5,171,839 NET CASH DEATH NET
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