No Lapse Premium Age 40 Analysis

Historical Index Interest Rates

The chart below demonstrates the calculations used to determine the S&P 500 ® Indexed Account Index Interest rates. First, we calculate the change invalue of the S&P 500 ® Index, which excludes dividends. Next, we multiply this change by the Participation Rate applicable to the S&P 500 ® Indexed Account. Finally, this rate is subjected to the current Index Growth Caps and Index Growth Floors for the S&P 500 ® Indexed Account. Launched on June 7, 2019, the Voyager Index seeks to capitalize on price trends and navigate changing market conditions by using a rules-based approach. The chart below shows hypothetical back-tested performance for the Goldman Sachs Voyager Index. These hypothetical historical index rates are not intended as an indicator of future performance and are not guaranteed. Actual Index Interest rates are based on the segment duration stated in the policy.

Historical Index Interest Rates

Goldman Sachs Voyager Indexed Account

S&P 500 ® Indexed Account

Index Interest Rate after Cap and Floor

Index Interest Rate after Floor

Begin Date

End Date

Index Change

Index Change

12/15/1997

12/15/1998

20.70%

7.75%

-

-

12/15/1998

12/15/1999

21.54%

7.75%

-

-

12/15/1999

12/15/2000

-7.15%

0.00%

-1.32%

0.00%

12/15/2000

12/15/2001

-14.40%

0.00%

1.34%

1.34%

12/15/2001

12/15/2002

-20.80%

0.00%

8.11%

8.11%

12/15/2002

12/15/2003

20.07%

7.75%

14.98%

14.98%

12/15/2003

12/15/2004

12.89%

7.75%

14.48%

14.48%

12/15/2004

12/15/2005

5.40%

5.40%

9.31%

9.31%

12/15/2005

12/15/2006

12.28%

7.75%

8.44%

8.44%

12/15/2006

12/15/2007

2.86%

2.86%

-1.21%

0.00%

12/15/2007

12/15/2008

-40.83%

0.00%

2.34%

2.34%

12/15/2008

12/15/2009

27.55%

7.75%

7.25%

7.25%

12/15/2009

12/15/2010

11.48%

7.75%

12.97%

12.97%

12/15/2010

12/15/2011

-1.57%

0.00%

3.48%

3.48%

12/15/2011

12/15/2012

16.27%

7.75%

6.60%

6.60%

12/15/2012

12/15/2013

25.59%

7.75%

2.09%

2.09%

12/15/2013

12/15/2014

12.07%

7.75%

11.94%

11.94%

12/15/2014

12/15/2015

2.70%

2.70%

1.01%

1.01%

12/15/2015

12/15/2016

10.69%

7.75%

3.68%

3.68%

12/15/2016

12/15/2017

18.29%

7.75%

9.42%

9.42%

12/15/2017

12/15/2018

-2.83%

0.00%

-3.44%

0.00%

12/15/2018

12/15/2019

21.87%

7.75%

10.60%

10.60%

12/15/2019

12/15/2020

16.59%

7.75%

1.32%

1.32%

12/15/2020

12/15/2021

27.47%

7.75%

6.64%

6.64%

12/15/2021

12/15/2022

-17.28%

0.00%

-4.15%

0.00%

THIS ILLUSTRATION IS NOT VALID WITHOUT ALL PAGES. ILLUSTRATION ID - 992782462264281 PLI Version 90.00 (MI) August 03, 2023 12:18 PM

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