Whole Life Illustration - $1M 15 Year Funding

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:

January 30, 2019 ID:7412

Version: 2.21.0

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