Special Executive Financial Security

Indexed Account Segments Whenever a transfer is made from the Fixed Account to the S&P 500 ® Indexed Account or the Goldman Sachs Voyager Indexed Account, a new Indexed Account Segment is created. The effective date of the transfer is the segment’s start date. The segment has a specified duration of one year, and once the duration has elapsed, the segment matures on its segment maturity date. Since transfers can occur once monthly and the segments are one year in duration, there may be as many as 12 segments active at one time for a given S&P 500 ® Indexed Account or Goldman Sachs Voyager Indexed Account. Although Index Interest is determined using the value of a designated index, the policy does not participate directly in the equity market. Note that premiums and loan repayments received on or after a transfer date will not be available to be applied to a new Segment until the next transfer date, but they will be credited with interest in the Fixed Account. If a premium payment or loan repayment is received within two business days of a transfer date, we reserve the right to delay allocating that payment until the following transfer date. Similarly, if a designated transfer amount instruction is received within two business days of a transfer date, we reserve the right to delay the change until the following transfer date. (IRR) Death Benefit The Internal Rate of Return (IRR) Death Benefit reflects the deduction of applicable policy related charges and any income tax attributable to distributions from the policy, but does not reflect deductions for sales loads, management fees and other expenses that might be deducted from an actual investment. Assuming the Annual Contract Outlays plus any taxes resulting from loans and withdrawals, if any, were invested in an alternative investment not subject to income taxes, this is the rate of return that would need to be earned so that the accumulated amount would equal the amount reported in the Death Benefit column. (IRR) Surrender Value The Internal Rate of Return (IRR) Surrender Value reflects the deduction of applicable policy related charges and any income tax attributable to distributions from the policy, but does not reflect deductions for sales loads, management fees and other expenses that might be deducted from an actual investment. Assuming the Annual Contract Outlays plus any taxes resulting from loans and withdrawals, if any, were invested in an alternative investment not subject to income taxes, this is the rate of return that would need to be earned so that the accumulated amount would equal the amount reported in the Surrender Value column. • S&P 500 ® Indexed Account Each S&P 500 ® Indexed Account is made up of segments that may earn Index Interest. Index Interest is based on the performance of an external financial index. The S&P 500 ® Indexed Account is tied to the S&P 500 ® , which excludes dividends. If this index becomes unavailable or if the index calculation is substantially changed, we will notify you of the alternate external financial index. • Goldman Sachs Voyager Indexed Account Each Goldman Sachs Voyager Indexed Account is made up of segments that may earn both Index Interest and a basic interest component known as the Daily Interest Advantage. The Index Interest Floor and Participation Rate are set independently from any other Index option. Index Interest is based on the performance of an external financial index. Any Daily Interest Advantage earned is separate from Index Interest, and the Daily Interest Advantage rate used may vary during a segment’s life. The Goldman Sachs Voyager Indexed Account is tied to the Goldman Sachs Voyager Index, which excludes dividends. If this index becomes unavailable or if the index calculation is substantially changed, we will notify you of the alternate external financial index.

Glossary of Terms

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