Joshi, Sarika

Guardian Life Insurance Illustration Narrative Summary

Intermediate:

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.

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 62

Annual Return of 8.48%

This illustration is based on the following schedule of allocation percentages related to the Index Participation Feature:

Year 1 To 61

50%

Any request to change the allocation percentage must be received by the Home Office at least 10 days prior to 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.

August 28, 2019 ID:6692/Case ID:12734233

Version: 2.24.1

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