Whole Life Illustration - $1M 15 Year Funding

Whole Life 99 Life Insurance Illustration

Prepared for: Rachel Clopton

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: 2016-22479

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Guardian Life Insurance Illustration Narrative Summary Rachel Clopton, Female Age 38, Preferred Plus NT

Benefit

Premium ** $12,000.00

$1,000,000

Whole Life 99

Enhanced Accelerated Benefit Rider Waiver of Premium

$400.00

Index Participation Feature (50% initial allocation)

Total First Year Premium

$12,400.00

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.

Whole Life 99 (2016 Series):

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.

Waiver of Premium:

• 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 65, 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. • The definition of total disability under the rider is based on the insured's "own occupation" for the first 5 years of disability. • 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.

Enhanced EABR: • Accelerated Benefit Rider, Generic Form Number: 01-R111 (2001 CSO).

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Guardian Life Insurance Illustration Narrative Summary

Index Participation Feature: • 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. ** This illustration was run assuming a mode of Annual. All premium and other payments are deemed to be made on policy anniversaries. 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 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. 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. 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: Current:

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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.

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Guardian Life Insurance Illustration Narrative Summary

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 27 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. 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. 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. It may violate federal law to use policies whose rates vary by gender in qualified plans. 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 currently declared variable loan interest rate is 4.50%. 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 tax bracket is assumed to be 28% for all years.

The product(s) presented in this illustration may not be available in your state. Any application for an unapproved product will be declined.

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Guardian Life Insurance Illustration Narrative Summary

This illustration is only valid for use in Colorado. 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.

We strive to ensure the accuracy of this illustration; however, if there is a discrepancy between the illustration and the contract, the contract governs.

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. 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 1998 through 2017 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

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

970.43

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

26.67% 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%

12.50% 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%

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 2,238.83 879.82 903.25

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

6.28% 10.18%

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Guardian Life Insurance Illustration Numeric Summary Rachel Clopton, Female Age 38, Preferred Plus NT

Benefit

Premium ** $12,000.00

$1,000,000

Whole Life 99

Enhanced Accelerated Benefit Rider Waiver of Premium

$400.00

Index Participation Feature (50% initial allocation)

Total First Year Premium

$12,400.00

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 42 12,400 27,720 1,000,000 12,400 29,011 1,003,686 12,400 28,354 1,001,813 10 47 12,400 89,190 1,000,000 12,400 100,990 1,032,172 12,400 94,959 1,015,778 20 57 12,400 235,860 1,000,000 12,400 335,713 1,233,367 12,400 281,358 1,106,684 33 70 12,000 451,760 1,000,000 12,000 829,962 1,645,699 12,000 604,432 1,261,466 38 75 12,000 543,270 1,000,000 12,000 1,105,145 1,857,564 12,000 758,669 1,329,667 43 80 12,000 635,670 1,000,000 12,000 1,441,540 2,111,168 12,000 928,240 1,404,364 48 85 12,000 722,020 1,000,000 12,000 1,845,467 2,420,861 12,000 1,107,085 1,487,951 53 90 12,000 798,940 1,000,000 12,000 2,307,187 2,779,136 12,000 1,285,644 1,574,970 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 Rachel Clopton, Female Age 38, Preferred Plus NT

Benefit

Premium ** $12,000.00

$1,000,000

Whole Life 99

Enhanced Accelerated Benefit Rider Waiver of Premium

$400.00

Index Participation Feature (50% initial allocation)

Total First Year Premium

$12,400.00

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 38 12,400 0 1,000,000 12,400 0 1,000,000 12,400 0 1,000,000 2 39 12,400 0 1,000,000 12,400 200 1,000,200 12,400 200 1,000,200 3 40 12,400 6,530 1,000,000 12,400 6,940 1,001,099 12,400 6,937 1,001,096 4 41 12,400 16,960 1,000,000 12,400 17,721 1,002,112 12,400 17,710 1,002,090 5 42 12,400 27,720 1,000,000 12,400 29,011 1,003,686 12,400 28,986 1,003,626 6 43 12,400 39,310 1,000,000 12,400 41,307 1,005,875 12,400 41,258 1,005,751 7 44 12,400 51,260 1,000,000 12,400 54,590 1,009,058 12,400 54,504 1,008,833 8 45 12,400 63,570 1,000,000 12,400 68,942 1,014,487 12,400 68,794 1,014,104 9 46 12,400 76,210 1,000,000 12,400 84,388 1,022,207 12,400 84,140 1,021,572 10 47 12,400 89,190 1,000,000 12,400 100,990 1,032,172 12,400 100,587 1,031,150 11 48 12,400 102,500 1,000,000 12,400 118,807 1,044,334 12,400 118,181 1,042,752 12 49 12,400 116,130 1,000,000 12,400 137,906 1,058,701 12,400 136,969 1,056,347 13 50 12,400 130,060 1,000,000 12,400 158,294 1,075,233 12,400 156,938 1,071,855 14 51 12,400 144,310 1,000,000 12,400 180,083 1,093,845 12,400 178,180 1,089,153 15 52 12,400 158,850 1,000,000 12,400 203,293 1,114,548 12,400 200,690 1,108,215 16 53 12,400 173,680 1,000,000 12,400 227,545 1,136,838 12,400 224,065 1,128,498 17 54 12,400 188,800 1,000,000 12,400 252,850 1,159,832 12,400 248,296 1,149,090 18 55 12,400 204,220 1,000,000 12,400 279,299 1,183,537 12,400 273,455 1,169,982 19 56 12,400 219,900 1,000,000 12,400 306,899 1,208,041 12,400 299,527 1,191,247 20 57 12,400 235,860 1,000,000 12,400 335,713 1,233,367 12,400 326,552 1,212,892 21 58 12,400 250,910 1,000,000 12,400 364,627 1,259,553 12,400 353,390 1,234,935 22 59 12,400 266,220 1,000,000 12,400 394,818 1,286,607 12,400 381,191 1,257,366 23 60 12,400 281,800 1,000,000 12,400 426,367 1,314,489 12,400 410,010 1,280,126 24 61 12,400 297,640 1,000,000 12,400 459,318 1,343,236 12,400 439,859 1,303,234 25 62 12,400 313,740 1,000,000 12,400 493,732 1,372,868 12,400 470,768 1,326,690 26 63 12,400 330,130 1,000,000 12,400 529,694 1,403,404 12,400 502,789 1,350,492 27 64 12,400 346,780 1,000,000 12,400 567,254 1,434,869 12,400 535,933 1,374,643 28 65 12,000 363,690 1,000,000 12,000 606,482 1,467,312 12,000 570,236 1,399,170 29 66 12,000 380,860 1,000,000 12,000 647,446 1,500,769 12,000 605,723 1,424,085 30 67 12,000 398,270 1,000,000 12,000 690,212 1,535,280 12,000 642,420 1,449,404 31 68 12,000 415,900 1,000,000 12,000 734,833 1,570,898 12,000 680,334 1,475,151 32 69 12,000 433,740 1,000,000 12,000 781,396 1,607,679 12,000 719,505 1,501,355 33 70 12,000 451,760 1,000,000 12,000 829,962 1,645,699 12,000 759,945 1,528,061 34 71 12,000 469,900 1,000,000 12,000 880,589 1,685,065 12,000 801,658 1,555,339 35 72 12,000 488,140 1,000,000 12,000 933,343 1,725,877 12,000 844,659 1,583,250 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 73 12,000 506,460 1,000,000 12,000 988,304 1,768,190 12,000 888,966 1,611,812 37 74 12,000 524,840 1,000,000 12,000 1,045,535 1,812,064 12,000 934,585 1,641,045 38 75 12,000 543,270 1,000,000 12,000 1,105,145 1,857,564 12,000 981,556 1,670,970 39 76 12,000 561,730 1,000,000 12,000 1,167,179 1,904,724 12,000 1,029,864 1,701,581 40 77 12,000 580,210 1,000,000 12,000 1,231,746 1,953,612 12,000 1,079,544 1,732,899 41 78 12,000 598,700 1,000,000 12,000 1,298,926 2,004,280 12,000 1,130,605 1,764,930 42 79 12,000 617,190 1,000,000 12,000 1,368,836 2,056,783 12,000 1,183,083 1,797,680 43 80 12,000 635,670 1,000,000 12,000 1,441,540 2,111,168 12,000 1,236,969 1,831,149 44 81 12,000 653,740 1,000,000 12,000 1,516,837 2,167,917 12,000 1,292,017 1,865,718 45 82 12,000 671,320 1,000,000 12,000 1,594,704 2,227,292 12,000 1,348,130 1,901,557 46 83 12,000 688,580 1,000,000 12,000 1,675,403 2,289,213 12,000 1,405,469 1,938,531 47 84 12,000 705,490 1,000,000 12,000 1,758,984 2,353,712 12,000 1,464,000 1,976,607 48 85 12,000 722,020 1,000,000 12,000 1,845,467 2,420,861 12,000 1,523,669 2,015,785 49 86 12,000 738,560 1,000,000 12,000 1,934,454 2,489,377 12,000 1,584,052 2,054,911 50 87 12,000 754,390 1,000,000 12,000 2,025,110 2,559,590 12,000 1,644,396 2,094,237 51 88 12,000 769,610 1,000,000 12,000 2,117,399 2,631,520 12,000 1,704,629 2,133,743 52 89 12,000 784,280 1,000,000 12,000 2,211,256 2,704,944 12,000 1,764,650 2,173,208 53 90 12,000 798,940 1,000,000 12,000 2,307,187 2,779,136 12,000 1,824,843 2,212,011 54 91 12,000 815,130 1,000,000 12,000 2,406,696 2,851,764 12,000 1,886,392 2,248,248 55 92 12,000 832,180 1,000,000 12,000 2,508,896 2,922,961 12,000 1,948,520 2,282,085 56 93 12,000 849,730 1,000,000 12,000 2,613,055 2,993,004 12,000 2,010,612 2,313,800 57 94 12,000 867,780 1,000,000 12,000 2,719,240 3,062,072 12,000 2,072,706 2,343,582 58 95 12,000 886,500 1,000,000 12,000 2,827,572 3,129,961 12,000 2,134,878 2,371,306 59 96 12,000 907,430 1,000,000 12,000 2,941,097 3,195,800 12,000 2,199,496 2,396,340 60 97 12,000 932,490 1,000,000 12,000 3,065,105 3,259,751 12,000 2,270,577 2,418,861 61 98 12,000 966,410 1,000,000 12,000 3,206,989 3,315,888 12,000 2,353,597 2,434,439 62 99 0 1,000,000 1,000,000 0 3,359,855 3,359,855 0 2,439,204 2,439,204 63 100 0 1,000,000 1,000,000 0 3,522,758 3,522,758 0 2,557,455 2,557,455 64 101 0 1,000,000 1,000,000 0 3,693,561 3,693,561 0 2,681,442 2,681,442 65 102 0 1,000,000 1,000,000 0 3,872,649 3,872,649 0 2,811,442 2,811,442 66 103 0 1,000,000 1,000,000 0 4,060,423 4,060,423 0 2,947,747 2,947,747 67 104 0 1,000,000 1,000,000 0 4,257,303 4,257,303 0 3,090,662 3,090,662 68 105 0 1,000,000 1,000,000 0 4,463,732 4,463,732 0 3,240,510 3,240,510 69 106 0 1,000,000 1,000,000 0 4,680,173 4,680,173 0 3,397,624 3,397,624 70 107 0 1,000,000 1,000,000 0 4,907,112 4,907,112 0 3,562,359 3,562,359 71 108 0 1,000,000 1,000,000 0 5,145,057 5,145,057 0 3,735,083 3,735,083 72 109 0 1,000,000 1,000,000 0 5,394,542 5,394,542 0 3,916,185 3,916,185 73 110 0 1,000,000 1,000,000 0 5,656,127 5,656,127 0 4,106,070 4,106,070 74 111 0 1,000,000 1,000,000 0 5,930,399 5,930,399 0 4,305,164 4,305,164 75 112 0 1,000,000 1,000,000 0 6,217,974 6,217,974 0 4,513,915 4,513,915 76 113 0 1,000,000 1,000,000 0 6,519,495 6,519,495 0 4,732,790 4,732,790 77 114 0 1,000,000 1,000,000 0 6,835,641 6,835,641 0 4,962,280 4,962,280 78 115 0 1,000,000 1,000,000 0 7,167,120 7,167,120 0 5,202,901 5,202,901 79 116 0 1,000,000 1,000,000 0 7,514,675 7,514,675 0 5,455,191 5,455,191 80 117 0 1,000,000 1,000,000 0 7,879,087 7,879,087 0 5,719,718 5,719,718 81 118 0 1,000,000 1,000,000 0 8,261,172 8,261,172 0 5,997,074 5,997,074 82 119 0 1,000,000 1,000,000 0 8,661,789 8,661,789 0 6,287,883 6,287,883 83 120 0 1,000,000 1,000,000 0 9,081,836 9,081,836 0 6,592,795 6,592,795 NET CASH DEATH NET

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Guardian Life Insurance Illustration Tabular Detail

Mode Selected: Annual

Initial Modal Premium

Mode Annual

Modal Factor

1.000000 0.515000 0.262650 0.085833

12,400.00 6,386.00 3,256.86 1,064.33

Semi-Annual

Quarterly

Guard-O-Matic

5% Interest Adjusted Indices

Net Pay.

Surrender Cost Index

Equiv. Lev. Dividend

Year

10 20

11.11

4.36 2.35

0.89 2.86

9.14

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Guardian Life Insurance Illustration 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. Note: the Planning Concept typically is based on the assumption that the policyholder elects to change the status of the PUA rider from premium paying to paid-up at the time of the Premium Offset request. • 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 50--Preferred NT Whole Life 99 (2016 Series)

Dividend Option

Paid Up Additions

Basic Face Amount

$250,000

No Riders Premium

$6,372.50

Guaranteed Factors Full Pay until attained age 99 The offset year is the last year that a cash premium payment is required prior to Premium Offset. The offset year is 15 based on Guardian's 2019 dividend scale. The offset year is 21 assuming dividends are 25% less than Guardian's 2019 dividend scale. The offset year is 28 assuming dividends are 50% less than Guardian's 2019 dividend scale.

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Guardian Life Insurance Illustration

Planning Concept Based on the 2019 Dividend Scale Rachel Clopton, Female Age 38, Preferred Plus NT

Benefit

Premium ** $12,000.00

$1,000,000

Whole Life 99

Enhanced Accelerated Benefit Rider Waiver of Premium

$400.00

Index Participation Feature (50% initial allocation)

Total First Year Premium

$12,400.00

Dividend Option: Paid Up Additions (D)

Guaranteed

Non-Guaranteed

CASH VALUE

AGE

BASE

BASE

NET

AT

POLICY GUAR.

END OF

CUM AFTER CUM

OF

NET

NET

START ANNUAL CASH YEAR

NET

NET

TAX NET A/T

ALL

CASH DEATH

POL OF YR YEAR 1 38 2 39 3 40 4 41 5 42 6 43 7 44 8 45 9 46 10 47 11 48 12 49 13 50 14 51 15 52 16 53 17 54 18 55 19 56 20 57 21 58 22 59 23 60 24 61 25 62 26 63 27 64 28 65 29 66 30 67 31 68 32 69 33 70 34 71 35 72

PREM VALUE DIVIDEND PREM PREM OUTLAY OUTLAY ADDS VALUE BENEFIT

#

## *

# *

# *

# *

# *

## *

## *

## *

##

12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000

0 0

0 12,400 12,400 12,400 200 12,400 24,800 12,400 205 12,400 37,200 12,400 341 12,400 49,600 12,400 510 12,400 62,000 12,400 675 12,400 74,400 12,400 1,284 12,400 86,800 12,400 1,961 12,400 99,200 12,400

12,400 24,800 37,200 49,600 62,000 74,400 86,800 99,200

0

0 1,000,000 200 1,000,200 6,940 1,001,099 17,721 1,002,112 29,011 1,003,686 41,307 1,005,875 54,590 1,009,058 68,942 1,014,487 84,388 1,022,207

200 410 761

6,530

16,960 27,720 39,310 51,260 63,570 76,210 89,190

1,291

1,997 3,330 5,372 8,178

2,677 12,400 111,600 12,400 111,600 3,427 12,400 124,000 12,400 124,000 4,230 12,400 136,400 12,400 136,400 5,092 12,400 148,800 12,400 148,800 5,963 12,400 161,200 12,400 161,200 6,907 12,400 173,600 12,400 173,600 7,886 12,400 186,000 12,400 186,000

11,800 100,990 1,032,172

12,000 102,500 12,000 116,130 12,000 130,060 12,000 144,310 12,000 158,850 12,000 173,680 12,000 188,800 12,000 204,220 12,000 219,900 12,000 235,860 12,000 250,910 12,000 266,220 12,000 281,800 12,000 297,640 12,000 313,740 12,000 330,130 12,000 346,780 12,000 363,690 12,000 380,860 12,000 398,270 12,000 415,900 12,000 433,740 12,000 451,760 12,000 469,900 12,000 488,140

16,307 118,807 1,044,334 21,776 137,906 1,058,701 28,234 158,294 1,075,233 35,773 180,083 1,093,845 44,443 203,293 1,114,548 40,864 214,544 1,100,603 37,386 226,186 1,087,925 34,057 238,277 1,076,297 30,894 250,794 1,065,747 27,906 263,766 1,056,233 25,134 276,044 1,047,732 22,548 288,768 1,040,199 20,179 301,979 1,033,551 18,039 315,679 1,027,776 16,148 329,888 1,022,847 14,520 344,650 1,018,741 13,178 359,958 1,015,437 12,574 376,264 1,013,763 12,326 393,186 1,012,874 12,475 410,745 1,012,770 13,048 428,948 1,013,457 14,090 447,830 1,014,944 15,642 467,402 1,017,250 17,771 487,671 1,020,413 20,523 508,663 1,024,467

8,177 8,364 8,596 8,838 9,083 9,362 9,604 9,871

0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000

0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000

10,143 10,431 10,726 11,039 11,386 11,749 12,145 12,566 13,025 13,521 14,075 14,669

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Guardian Life Insurance Illustration Planning Concept Based on the 2019 Dividend Scale

Guaranteed

Non-Guaranteed

CASH VALUE

AGE

BASE

BASE

NET

AT

POLICY GUAR.

END OF

CUM AFTER CUM

OF

NET

NET

START ANNUAL CASH YEAR

NET

NET

TAX NET A/T

ALL

CASH DEATH

POL OF YR YEAR 36 73 37 74 38 75 39 76 40 77 41 78 42 79 43 80 44 81 45 82 46 83 47 84 48 85 49 86 50 87 51 88 52 89 53 90 54 91 55 92 56 93 57 94 58 95 59 96 60 97 61 98 62 99 63 100 64 101 65 102 66 103 67 104 68 105 69 106 70 107 71 108 72 109 73 110 74 111 75 112 76 113 77 114 78 115 79 116 80 117

PREM VALUE DIVIDEND PREM PREM OUTLAY OUTLAY ADDS VALUE BENEFIT

#

## *

# *

# *

# *

# *

## *

## *

## *

##

12,000 506,460 12,000 524,840 12,000 543,270 12,000 561,730 12,000 580,210 12,000 598,700 12,000 617,190 12,000 635,670 12,000 653,740 12,000 671,320 12,000 688,580 12,000 705,490 12,000 722,020 12,000 738,560 12,000 754,390 12,000 769,610 12,000 784,280 12,000 798,940 12,000 815,130 12,000 832,180 12,000 849,730 12,000 867,780 12,000 886,500 12,000 907,430 12,000 932,490

15,286 15,948 16,637 17,353 18,110 18,898 19,721 20,578 21,717 22,899 24,037 25,218 26,443 26,986 27,916 28,746 29,479 29,867 29,173 28,786 28,493 28,268 27,916 27,152 26,485 23,173 16,640 67,130 70,386 73,800 77,379 81,132 85,067 89,192 93,518

0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000

0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000 0 186,000

23,927 530,387 1,029,409 28,034 552,874 1,035,247 32,878 576,148 1,041,983 38,489 600,219 1,049,610 44,915 625,125 1,058,131 52,190 650,890 1,067,551 60,353 677,543 1,077,867 69,442 705,112 1,089,081 79,714 733,454 1,101,442 91,207 762,527 1,115,050

0 186,000 103,884 792,464 1,129,822 0 186,000 117,780 823,270 1,145,734 0 186,000 132,928 854,948 1,162,791 0 186,000 148,688 887,248 1,180,279 0 186,000 165,346 919,736 1,198,363 0 186,000 182,792 952,402 1,217,032 0 186,000 200,920 985,200 1,236,145 0 186,000 219,462 1,018,402 1,255,325 0 186,000 237,620 1,052,750 1,273,411 0 186,000 255,594 1,087,774 1,290,502 0 186,000 273,399 1,123,129 1,306,767 0 186,000 291,091 1,158,871 1,322,312 0 186,000 308,565 1,195,065 1,337,038 0 186,000 325,767 1,233,197 1,350,538 0 186,000 343,267 1,275,757 1,362,882 0 186,000 359,736 1,326,146 1,371,434 0 186,000 385,157 1,385,157 1,385,157 0 186,000 452,287 1,452,287 1,452,287 0 186,000 522,673 1,522,673 1,522,673 0 186,000 596,472 1,596,472 1,596,472 0 186,000 673,851 1,673,851 1,673,851 0 186,000 754,983 1,754,983 1,754,983 0 186,000 840,050 1,840,050 1,840,050 0 186,000 929,242 1,929,242 1,929,242 0 186,000 1,022,760 2,022,760 2,022,760 0 186,000 1,120,814 2,120,814 2,120,814 0 186,000 1,223,624 2,223,624 2,223,624 0 186,000 1,331,420 2,331,420 2,331,420 0 186,000 1,444,443 2,444,443 2,444,443 0 186,000 1,562,949 2,562,949 2,562,949 0 186,000 1,687,202 2,687,202 2,687,202 0 186,000 1,817,481 2,817,481 2,817,481 0 186,000 1,954,079 2,954,079 2,954,079 0 186,000 2,097,302 3,097,302 3,097,302 0 186,000 2,247,471 3,247,471 3,247,471

12,000 966,410

0 1,000,000 0 1,000,000 0 1,000,000 0 1,000,000 0 1,000,000 0 1,000,000 0 1,000,000 0 1,000,000 0 1,000,000

0 1,000,000

98,054

0 1,000,000 102,810 0 1,000,000 107,796

0 1,000,000 0 1,000,000

113,024 118,506

0 1,000,000 124,253 0 1,000,000 130,279 0 1,000,000 136,598 0 1,000,000 143,223 0 1,000,000 150,169

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Guardian Life Insurance Illustration Planning Concept Based on the 2019 Dividend Scale

Guaranteed

Non-Guaranteed

CASH VALUE

AGE

BASE

BASE

NET

AT

POLICY GUAR.

END OF

CUM AFTER CUM

OF

NET

NET

START ANNUAL CASH YEAR

NET

NET

TAX NET A/T

ALL

CASH DEATH

POL OF YR YEAR 81 118 82 119 83 120

PREM VALUE DIVIDEND PREM PREM OUTLAY OUTLAY ADDS VALUE BENEFIT

#

## *

# *

# *

# *

# *

## *

## *

## *

##

0 1,000,000 157,452 0 1,000,000 165,089 0 1,000,000 173,096

0 186,000 0 186,000 0 186,000

0 186,000 2,404,923 3,404,923 3,404,923 0 186,000 2,570,012 3,570,012 3,570,012

0 186,000 2,743,108 3,743,108 3,743,108 THIS ILLUSTRATION IS BASED ON THE 2019 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. THE ASSUMPTIONS ON WHICH NON-GUARANTEED ELEMENTS ARE BASED ARE SUBJECT TO CHANGE BY THE COMPANY. SEE TABULAR DETAIL FOR GUARANTEED VALUES AND OTHER IMPORTANT INFORMATION.

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Guardian Life Insurance Illustration

Supplemental - Enhanced Accelerated Benefit Rider (Enhanced ABR) (Based on Tabular Detail Values and Full Payment of Premiums)

Total Lien Limit Based on Guaranteed Assumptions Qualifying Event

Total Lien Limit Based on Current Assumptions Qualifying Event

Annual Lien

Annual Lien

Qualifying Event

Limit Assuming Limit Assuming

Terminal Illness #

Chronic Illness #

Terminal Illness #*

Chronic Illness #*

at beginning of YEAR 0% Inflation**

3% Inflation**

5

131,400

147,892

803,392

213,568

805,234

214,600

10

131,400

171,447

815,242

260,968

834,644

271,952

20

131,400

230,411

843,980

375,920

1,027,813

487,127

Annual Lien

Annual Lien

Qualifying Event beginning at AGE

Limit Assuming Limit Assuming

Terminal Illness #

Chronic Illness #

Terminal Illness #*

Chronic Illness #*

0% Inflation**

3% Inflation**

55

131,400

217,184

837,760

351,040

978,436

434,246

65

131,400

291,877

869,356

477,424

1,261,346

740,777

75

131,400

392,259

904,968

771,923

1,658,759

1,444,130

85

131,400

527,163

941,098

941,098

2,234,766

2,234,766

This report is intended to demonstrate the Total Lien Limit payable under this rider, based on the illustrated values shown on the Tabular Detail report. This report assumes that the Enhanced ABR is initially exercised at each of the illustrated summary years/ages shown on this report. Once the rider is actually exercised using the chronic illness trigger, the percentage factor applied to the net amount at risk in calculating the Total Lien Limit is permanently established for all future durations until the insured becomes terminally ill or the policy is terminated. Therefore, the insured's actual Total Lien Limit may be less than the values shown in the report. Values shown assume current charges and do not guarantee the actual benefits which may be payable on future claims. THE VALUES ILLUSTRATED ARE BASED ON THE ASSUMPTION THAT THE NON-GUARANTEED ELEMENTS, INCLUDING DIVIDENDS, WILL CONTINUE UNCHANGED FOR ALLYEARS SHOWN. THIS IS NOT LIKELY TO OCCUR AND THE ACTUAL RESULTS MAY BE MORE OR LESS FAVORABLE THAN THOSE SHOWN. THE ASSUMPTIONS ONWHICH NON-GUARANTEED ELEMENTS ARE BASED ARE SUBJECT TO CHANGE BY THE COMPANY. THIS REPORT IS BASED ON THE 2019 DIVIDEND SCALE. **The Annual Lien Limit is the maximum amount the owner may receive in a single calendar year when accelerated benefits are paid as a result of a chronic illness. The Annual Lien limit is based on the Per Diem limit declared each year by the Internal Revenue Service, but is reduced proportionally for policies with face amounts under $250,000. This limit is prorated in the first year in which accelerated benefits are paid for the portion of the calendar year in which the insured is eligible for benefits. Any chronic illness accelerated benefit amounts received, from this and/or other policies, above the IRS annual limit may be taxable. Regardless of the limit set by the IRS, the actual lien cannot exceed the policy's Total Lien Limit. The acceleration of benefits from the policy will result in a policy lien, which will reduce dividends, cash surrender value and death benefit that may otherwise be available from the contract. The lien will result in lien carrying charges in the current year and all subsequent years that liens are outstanding, which will further reduce the available policy benefits that may be drawn upon.

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