P - Mihlston, Dr. Melanie Lynn - Whole Life

Guardian Life Insurance Illustration Narrative Summary

Enhanced ABR: • 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. ** This illustration was run assuming a mode of Annual. All premium and other payments are deemed to be made on policy anniversaries. This illustration shows one or more PUA payments after year one that exceed a specified multiple of the base policy premium. The multiple is three times the base policy premium in years 2 - 10 and one times the base policy premium in years 11 and later. Payments in excess of this limit are subject to approval. One of the conditions may be that the insured provide satisfactory evidence of insurability. 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. Index Participation Feature:

This illustration is based on the following PUA Rider premiums:

Scheduled: $15,280.63

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 17, 2019 ID:6615

Version: 2.23.0

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