Raider Family

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Survivor Capital & Savings

Complicated Questions. Simple Answers. Life Insured.

Raider Family Financial Security Plans for Survivor Capital & Savings November 14 , 2022

Gary H. Scholnick, CLU ChFC | Advanced income Strategies, LLC | o 248.723.1020 | f 248.723.1022

Raider JJ Family Financial Security

Term / Whole Life Insurance Pricing Matrix

Jake Raider

Approved for Issue

Coverage

Annual'zd Premium

Carrier

Duration Issue Age Risk Class

Face Amount

Guardian / T30

30 Year

Elite

2,093

2,300,000

Guardian / WL

Lifetime

Pref Plus

2,490 3,074

200,000

(VOLUNTARY) Annual Excess Cash >>

Whole Life / Detail Year 1

Guaranteed Min

Annual'zd

Premiums

Premium Cash Value Death Bnft

Base Premium

2,490

200,000

Excess Funding

3,074

2,739

211,533

^ ^

Excess Cash 89%+ Liquid in Year 1

All Plans Include:

Disability Waiver of (Base and Excess) Premiums thru Age 65. Extended Converstion for entire term coverage period

Alternative Plans

Guardian / T20

20 Year

Elite

1,127

2,300,000

Guardian / T30

30 Year

Elite

1,820

2,000,000

Guardian / T20

20 Year

Elite

980

2,000,000

Raider JJ Family Financial Security

Term Insurance Pricing Matrix

Jess Raider

Approved for Issue

Coverage

Annual

Carrier

Duration Issue Age Risk Class

Premium

Face Amount

Guardian Life

30 Year

Preferred

3,075

2,500,000

All Plans Include:

Disability Waiver of (Base and Excess) Premiums thru Age 65. Extended Converstion for entire term coverage period

Alternative Plans

Guardian / T20

20 Year

Preferred

1,600

2,500,000

Guardian / T30

30 Year

Preferred

2,460

2,000,000

Guardian / T20

20 Year

Preferred

1,280

2,000,000

Convenience and Efficiency of Level Term Life Insurance

Guaranteed Level Death Benefit For Duration

Net Amount @ Risk

Guaranteed Level Premiums Vary by Duration

40 YR

30 YR

20 YR 10 YR AA

A99

Guaranteed Benefits of Whole Life Insurance

Guaranteed Level Death Benefit For Life

Net Amount @ Risk

Guaranteed Level Premium

< Half Way >

A99

Guaranteed Benefits of Whole Life Insurance

Guaranteed Level Death Benefit For Life

Net Amount @ Risk

Guaranteed Level Premium

< Half Way >

A99

Voluntary Additional Premium Accelerates Creation of Dividend Additions

Guaranteed Level Death Benefit For Life

Net Amount @ Risk

Guaranteed Level Premium Voluntary Additional Prem

< Half Way >

A99

BUILD CASH VALUES

WHAT'S IT WORTH?

CAN I DO BETTER?

Whole Life Policy ‐ Base Funding

Scenario A

After Tax

12.36%

7.78%

5.75%

4.78%

Base Whole Life

Rate of Return ( Net IRR )

After Tax Return on ALL Cash Flow to Mortality . . .

Att

Base

Guar

Current Cash Val

Net Srvr Benefit 200,000 200,104 200,571 201,195 201,951 202,757 203,761 204,957 206,433 208,407 210,862 213,792 217,192 221,057 225,355 230,062 235,142 240,576 246,362 252,409 258,576 264,888 271,343 277,949 284,718 291,649 298,744 305,997 313,413 321,009 328,816 336,858 345,146 353,687 362,473 371,507 380,806 390,382 396,140 402,199 408,569 415,267 422,304 429,707 437,470 445,626 454,214 463,248 472,721 482,610 492,885 503,534 514,581 526,067 538,023 550,564

Yr Age

Premium Cash Value

Age 60

Age 70

Age 80

Age 50

1 28 2 29 3 30 4 31 5 32 6 33 7 34 8 35 9 36 10 37 11 38 12 39 13 40 14 41 15 42 16 43 17 44 18 45 19 46 20 47 21 48 22 49 23 50 24 51 25 52 26 53 27 54 28 55 29 56 30 57 31 58 32 59 33 60 34 61 35 62 36 63 37 64 38 65 39 66 40 67 41 68 42 69 43 70 44 71 45 72 46 73 47 74 48 75 49 76 50 77 51 78 52 79 53 80 54 81 55 82 56 83

2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,430

0 0

2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490

2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490 2,490

104

840

1,091 3,077 5,114 7,366 9,730

2,626 4,454 6,432 8,456

10,524 12,634 14,786 16,982 19,220 21,502 23,828 26,208 28,654 31,166 33,750 36,406 39,138 41,736 44,408 47,150 49,958 52,830 55,764 58,762 61,818 64,930 68,098 71,318 74,584 77,892 81,236 84,612 88,016 91,442 94,894 98,372 101,878 105,412 108,968 112,538 116,106 119,660 123,186 126,674 130,126 133,540 136,922 140,272 143,588 146,860 150,074 153,236 156,302

12,209 14,895 17,796 20,922 24,280 27,888 31,748 35,875 40,283 44,977 49,971 55,284 60,838 66,447 72,330 78,488 84,936 91,681 98,729 106,095 113,775 121,788 130,148 138,885 148,007 157,525 167,445 177,765 188,498 199,661 211,272 220,822 230,758 241,104 251,877 263,076 274,717 286,770 299,262 312,211 325,635 339,538 353,926 368,786 384,117 399,936 416,258 433,120 450,545

‐ 271,343

‐ 345,146

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0

‐ 422,304

‐ 514,581

See Presentation Appendix for Home Office Illustrations including Details of All Policy Features, Benefits and Costs.

Male Age 28, Preferred Plus NT

Guardian Life Insurance Company of America

11/14/22

Policy Values Reflect Dividernds. Dividends are Not Guaranteed.

FUND PERMANENT DEATH BENEFIT

LEVERAGE TAX DEFERRED SAVINGS

Whole Life Policy ‐ Base Funding

Whole Life Policy ‐ Benefit of Additions

Scenario A

Scenario B

Base Whole Life

Voluntary Additional Premium

Att

Total

Total Guar

Total Curr Cash Val

Net Srvr Benefit

Add'l Vol

Incr Guar

Incr Curr Cash Val

Add'l Net Cum Guar

Yr Age

Premium Cash Val

Srvr Bnft

Liquid

1 28

2,490

200,000

3,074

2,739

11,533

89%

2 29

2,490

104

200,104

3,074

2,812

2,897

11,318

3 30

2,490

840

1,091

200,571

3,074

2,888

3,034

11,347

4 31

2,490

2,626

3,077

201,195

3,074

2,966

3,179

11,292

5 32

2,490

4,454

5,114

201,951

3,074

3,043

3,331

11,249

6 33

2,490

6,432

7,366

202,757

3,074

3,124

3,490

11,221

7 34

2,490

8,456

9,730

203,761

3,074

3,205

3,660

11,205

8 35

2,490

10,524

12,209

204,957

3,074

3,287

3,835

11,201

9 36

2,490

12,634

14,895

206,433

3,074

3,368

4,020

11,209

10 37

2,490

14,786

17,796

208,407

3,074

3,453

4,213

11,232

100%

Some Helpful Observations Term vs Whole Life

Best Time to Purchase a Term Insurance Policy is the Day Before you Die

Best Time to Purchase a Whole Life Policy is @ Youngest Age and Best Health ‐ Today

Term Insurance May Be Purchased and Later Converted to Whole Life @ Issuing Carrier Preserving Initial Risk Class

Whole Life Requires a Level Premium Funding Commitment to Achieve Value

Plan for Level Funding to Continue at least Half Way to Life Expectancy

Thereafter, Past and Future Dividends May Be Sufficient to Pay Current Premiums Due

Base Whole Life Funding Accumulates Guaranteed Cash Values Plus Future Dividend Earnings

** Voluntary Additional Funding Increases Living and Death Benefits Immediately

** Total Cash Values Maintain Their High Water Mark. They NEVER Reduce in Value

No Forfeiture of Value Occurs by Near Term Death Regardless of Over Funding Policy

Policy Cash Values May Be Accessed During Life Without Tax on Deferred Growth

Death (and Ultimately Living) Benefits Are Received Income Tax Free

Most Insureds Survive or Cancel Their Term Life Coverages and Forfeit Entire Premium Cost

** Whole Life Returns Total Premiums Paid Plus Substantial Additional Death Benefits

** Mutual Company Dividends Traditionally Derive Largely From Investment Grade & Government Bonds

** Guardian Life is the Only Carrier to Offer Dividend Participation in Indexed (Equity) Fund Performance

See Presentation Appendix for Home Office Illustrations including Details of All Policy Features, Benefits and Costs.

Male Age 28, Preferred Plus NT

Guardian Life Insurance Company of America

11/14/22

Policy Values Reflect Dividernds. Dividends are Not Guaranteed.

BUILD CASH VALUES

WHAT'S IT WORTH?

CAN I DO BETTER?

Whole Life Policy ‐ Base + Excess Funding

Scenario A

After Tax

11.47% 7.56%

5.73%

4.84%

Base + Excess Funded Whole Life

Rate of Return ( Net IRR )

After Tax Return on ALL Cash Flow to Mortality . . .

Att

Base

Guar

Current Cash Val

Net Srvr Benefit 211,533 222,955 234,769 246,685 258,690 270,717 282,926 295,323 308,008 321,214 334,935 349,177 363,944 379,247 395,053 411,331 428,035 445,138 462,643 480,466 498,472 516,704 535,165 553,871 572,844 592,088 611,615 631,417 651,506 671,918 692,714 713,953 735,659 757,851 780,517 802,223 823,745 845,824 861,886 878,569 895,889 913,885 932,584 952,045 972,266 993,318

Yr Age

Premium Cash Value

Age 55

Age 65

Age 75

Age 45

5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 4,639 4,168 4,068

2,739 5,551 9,279

2,739 5,740 9,761

5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564

5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564 5,564

14,031 18,902 24,004 29,233 34,588 40,066 45,671 51,403 57,264 63,253 69,373 75,640 82,075 88,679 95,461 102,427 109,582 116,721 124,057 131,583 139,296 147,191 155,266 163,528 171,965 180,577 189,359 198,311 207,416 216,669 226,059 235,575 244,387 252,871 261,438 268,829 276,281 283,796 291,364 298,960 306,562 314,136 321,658 329,107 336,481 343,782 351,022 358,199 365,306 372,326 379,230 386,027

14,926 20,294 26,036 32,060 38,374 45,080 52,194 59,734 67,720 76,178 85,117 94,566 104,552 115,084 126,189 137,903 150,158 162,788 176,034 189,903 204,427 219,620 235,503 252,111 269,442 287,533 306,415 326,158 346,775 368,299 390,744 414,106 437,589 461,604 486,587 508,535 531,382 555,180 579,973 605,755 632,575 660,360 689,184

‐ 535,165

‐ 735,659

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0

‐ 932,584

719,081 1,015,287 750,089 1,038,210 782,230 1,062,083 815,513 1,086,861 849,919 1,112,486 885,443 1,138,934 922,124 1,166,264 960,008 1,194,570 999,165 1,223,919

‐ 1,166,264

392,627 1,039,652 1,254,568

See Presentation Appendix for Home Office Illustrations including Details of All Policy Features, Benefits and Costs.

Male Age 28, Preferred Plus NT

Guardian Life Insurance Company of America

11/14/22

Policy Values Reflect Dividernds. Dividends are Not Guaranteed.

L I FE D & I S A B I L I T Y I N S U R A N C E

Life Insurance: Income Replacement and Survivor Benefits

HFHS offers voluntary life insurance options to provide important income protection for your family.

EMPLOYEE TERM LIFE INSURANCE My Choice Rewards provides you with a variety of life insurance options. You may choose either more or less coverage, in the increments shown below, based on your projected needs. Coverage is purchased with pre-tax dollars. The maximum protection you can receive from this benefit is $1 million.

Coverage after age 65 If you continue to work after age 65, the amount of your life insurance will decrease on Jan. 1 following your 65th birthday as follows:

• Age 65-69 65% of elected option • Age 70-74 50% of elected option • Age 75+ 20% of elected option

Dependent term life insurance coverage does not decrease if you continue working past age 65.

Coverage Level

Maximum Benefit

1 x Your Base Pay

$250,000

2 x Your Base Pay

$500,000

Imputed income When you purchase insurance in excess of $50,000, you are subject to the IRS imputed income rules. Imputed Income is the value of your life insurance in excess of $50,000. You are required to pay federal and state income taxes, as well as Social Security tax on this “excess” amount. The amount of tax you pay is based on your age. The value of the life insurance in excess of $50,000 will be reported on your W-2. Terminal illness benefit Enrollees who are diagnosed with a terminal illness (life expectancy of 12 months or less) may apply to have up to 50% of their employee life insurance paid out to them in advance. Information is available from Employee Services.

3 x Your Base Pay

$750,000

4 x Your Base Pay

$1 million

$10,000 $25,000 $50,000

Fixed Amount*

*Options available to part-time employees

Life insurance deductions are based on an employee’s age and salary. Deductions change based on the following age groups:

Age

Rate per $1,000 of Coverage

29 and younger

$0.022

30 to 34

$0.033

35 to 39

$0.049

40 to 44

$0.071

45 to 49

$0.108

50 to 54

$0.180

55 to 59

$0.321

60 to 64

$0.440

65 to 69

$0.892

70 and older

$2.046

If you move up more than one coverage level, or you are electing coverage when you previously waived coverage, you must furnish evidence of insurability (EOI).

2022 Benefits Guide | 43

DEPENDENT TERM LIFE INSURANCE My Choice Rewards also provides dependent term life insurance options on an after-tax basis. Because of IRS regulations, no pre-tax dollars or credits may be used for this coverage. Your dependent term life insurance options are:

ACCIDENTAL DEATH AND DISMEMBERMENT (AD&D) AD&D insurance provides protection against financial hardship when you or a covered dependent suffer an accidental death, loss of limb, paralysis or loss of sight. Full-time employees receive credits to offset the cost of this coverage. Your AD&D coverage options are indicated in the chart below.

Spouse Coverage Level $100,000 $50,000 $25,000 $10,000

Child(ren) Coverage $15,000 each child $10,000 each child $5,000 each child

Coverage level and maximum benefits

5 x base annual salary for employee ($1.25 million) 2.5 x employee’s base annual salary for spouse ($500,000) 0.1 x employee’s base annual salary for each child ($50,000) 4 x base annual salary for employee ($1 million) 2 x employee’s base annual salary for spouse ($500,000) 0.1 x employee’s base annual salary for each child ($50,000) 3 x base annual salary for employee ($750,000) 1.5 x employee’s base annual salary for spouse ($375,000) 0.1 x employee’s base annual salary for each child ($50,000)

If you choose to enroll, you must designate who will be covered by the dependent term life insurance. You may choose spouse-only coverage or, child(ren)-only coverage. For dependent eligibility requirements, see pages 5-6 of this guide. You are the beneficiary for your spouse or dependent’s life insurance. If you move up more than one coverage level, or you are electing dependent life coverage when you previously waived coverage, you must furnish evidence of insurability for your spouse; children do not require EOI. Any dependents you cover must live with you. Coverage stops at the end of the month your dependent turns 26. LONG-TERM DISABILITY (LTD) Long-term disability insurance or LTD provides a source of income for you if you are unable to work due to a serious illness or injury. If you have previously waived LTD and would now like to elect coverage, or you are increasing more than one level of coverage, you will have to furnish EOI. If you are initially enrolling in or increasing your LTD coverage during open enrollment, you will not be eligible for the higher coverage amount for any disability resulting from a pre-existing condition that begins three months before the coverage effective date and in the first 12 months after the effective date of coverage. Since your LTD benefit is paid for on a pre-tax basis or by the company, any long-term disability benefit you receive will be subject to income taxes. Full-time employees receive credits to offset the cost of this coverage. Your LTD options are as follows:

$100,000 employee $50,000 spouse $10,000 each child

$50,000 employee* $25,000 spouse $5,000 each child

$20,000 employee* $10,000 spouse $5,000 each child

*Options available to part-time employees.

If you choose to enroll in AD&D coverage, you must designate who will be covered. You may choose either employee coverage or employee and dependents coverage. For dependent eligibility requirements, see pages 5-6 of this guide. Any dependents you cover must live with you. Coverage at age 75 and older When you or your spouse reach age 75, the coverage amount is reduced on Jan. 1 following the 75th birthday as follows:

• Age 75-79 57.5% of the elected coverage amounts • Age 80-84 37.5% of the elected coverage amounts • Age 85+ 20% of the elected coverage amounts

Henry Ford Medical Group (HFMG) Senior Staff members with six or more months of service who work 64 to 80 hours per pay have a comprehensive long-term disability plan provided by the Medical Group. This plan is designed and structured for you and is not compatible with the long-term disability plan provided to other System employees. You are not eligible to elect the long-term disability plan provided through My Choice Rewards. Part-time HFMG Senior Staff members (20 to 31.99 hours per week) are eligible to elect the 50 percent long-term disability option with a maximum monthly benefit of $10,700.

50% of base annual salary: maximum monthly benefit of $10,700*

60% of base annual salary: maximum monthly benefit of $12,850

70% of base annual salary: maximum monthly benefit of $15,000

*Options available to part-time employees.

2022 Benefits Guide | 44

AIS Recommends

Pro ‐ Rated Equiv

Compare

Base W2

Pay Perds Inc Tax

Exclude

Include

100,000 Max EE

25% 50,000 350,000

Age Band Prem Rate

Pre Tax

Post Tax IRS Table I

Pre Tax

Post Tax

30 Year

16.0%

Election Withhold Withhold Equivalnt

Included Cost from Levl Term Guar Levl

Ratable Ratable

Ratable

Att

$ / 1000 4 x Base 400,000 400,000 Prem Cost

$ / 1000 / Annual

Income 400,000 2,500,000 Premium 400,000 Premium Savings

Yr Age

/ Deduct

le $1M / Deduct

/ Annual

Grp Life

Pers Own / Annual

Face / Annual

/ Annual

1 31 2 32 3 33 4 34 5 35 6 36 7 37 8 38 9 39 10 40 11 41 12 42 13 43 14 44 15 45 16 46 17 47 18 48 19 49 20 50 21 51 22 52 23 53 24 54 25 55 26 56 27 57 28 58 29 59 30 60

0.033 0.033 0.033 0.033 0.049 0.049 0.049 0.049 0.049 0.071 0.071 0.071 0.071 0.071 0.108 0.108 0.108 0.108 0.108 0.180 0.180 0.180 0.180 0.180 0.321 0.321 0.321 0.321 0.321 0.440

400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000

13.2 13.2 13.2 13.2 19.6 19.6 19.6 19.6 19.6 28.4 28.4 28.4 28.4 28.4 43.2 43.2 43.2 43.2 43.2 72.0 72.0 72.0 72.0 72.0

343 343 343 343 510 510 510 510 510 738 738 738 738 738

257 257 257 257 382 382 382 382 382 554 554 554 554 554 842 842 842 842 842

0.96 0.96 0.96 0.96 1.08 1.08 1.08 1.08 1.08

336 336 336 336 378 378 378 378 378 420 420 420 420 420 630 630 630 630 630 966 966 966 966 966

84 2,500,000 84 2,500,000 84 2,500,000 84 2,500,000 95 2,500,000 95 2,500,000 95 2,500,000 95 2,500,000 95 2,500,000 105 2,500,000 105 2,500,000 105 2,500,000 105 2,500,000 105 2,500,000 158 2,500,000 158 2,500,000 158 2,500,000 158 2,500,000 158 2,500,000 242 2,500,000 242 2,500,000 242 2,500,000 242 2,500,000 242 2,500,000 452 2,500,000 452 2,500,000 452 2,500,000 452 2,500,000 452 2,500,000 693 2,500,000

3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000 3,075 400,000

492 492 492 492 492 492 492 492 492 492 492 492 492 492 492 492 492 492 492 492 492 492 492 492 492 492 492 492 492 492

‐ 151 ‐ 151 ‐ 151 ‐ 151

‐ 15 ‐ 15 ‐ 15 ‐ 15 ‐ 15 167 167 167 167 167 508 508 508 508 508

1.2 1.2 1.2 1.2 1.2 1.8 1.8 1.8 1.8 1.8

1,123 1,123 1,123 1,123 1,123 1,872 1,872 1,872 1,872 1,872 3,338 3,338 3,338 3,338 3,338 4,576

1,404 1,404 1,404 1,404 1,404 2,504 2,504 2,504 2,504 2,504 3,432

2.76 2.76 2.76 2.76 2.76 5.16 5.16 5.16 5.16 5.16 7.92

1,154 1,154 1,154 1,154 1,154 2,463 2,463 2,463 2,463 2,463 3,633

128.4 128.4 128.4 128.4 128.4 176.0

1,806 1,806 1,806 1,806 1,806 2,772

43,857

32,893

6,279

Total

14,760

24,412

400,000

39,172

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