P - Mihlston, Dr. Melanie Lynn - Whole Life

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 1999 through 2018 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

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

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

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 2,506.85 879.82 903.25

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% -6.24%

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% 4.00%

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

6.30% 10.18%

March 17, 2019 ID:6615

Version: 2.23.0

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