Joshi, Sarika

Guardian Life Insurance Illustration Narrative Summary Sarika Joshi, Female Age 38, Preferred Plus NT

Benefit

Premium ** $11,870.00

$1,000,000

Whole Life 99

Enhanced Accelerated Benefit Rider Paid Up Additions Rider (Scheduled) PUA Waiver of Premium ($11,342.50/year)

$11,342.50

$367.50 $420.00

Waiver of Premium

Index Participation Feature (50% initial allocation)

Total First Year Premium

$24,000.00

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: 18-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: 18-PUA. • Paid-up additional insurance can be purchased through this rider and it 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% charge 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: 18-WP WL. • 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 27 years. • If the insured is disabled prior to age 60, an "own occupation" definition of disability applies for the earlier of the first 7 years or to age 64. If the disability begins at or after age 60, the "own occupation" definition applies for the later of 2 years or to age 65.

Whole Life 99 (2019 Series):

Dividend Option: • Paid Up Additions (D)

Paid Up Additions Rider (PUA):

Waiver of Premium:

August 28, 2019 ID:3204/Case ID:12734234

Version: 2.24.1

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