Special Executive Financial Security

the segment start date and the segment maturity date. The difference in these two index values is used, in part, to determine the rate of any Index Interest credited to a segment on its maturity date.

Glossary of Terms

At the end of each segment duration, the segment matures, the Index Interest is calculated, and a new indexed account segment may then be created based on the most recent account allocation instructions of the policyowner. Segment Maturity Date The segment maturity date is the last day of the segment duration. On the segment maturity date, Index Interest is calculated. Surrender Charges Surrender charges may apply within the first 14 policy years of initial base policy coverage, if you make a withdrawal on a policy with a Type A (Fixed) death benefit, reduce the Basic Insurance Amount, or surrender the policy. In any year illustrated, the surrender charge is equal to the difference between Contract Fund and Cash Value. Surrender charges will decrease over time until they reach zero. The maximum surrender charge in any policy year is shown in the policy.

Non-Guaranteed Results Based on S&P 500 ® Indexed Account 3.50% @ and Current Charges

Year

Contract Fund

Surrender Charge

Surrender Value

1 2 3 4 5 6 7 8 9

5,950

16,878 15,984 15,036 13,962 12,774 11,850 10,926

0 0

11,980 18,461 25,031 32,025 39,236 46,601 57,020 67,621 78,359 89,738 101,342 113,175 125,173 137,313

3,425

11,069 19,251 27,386 35,675 47,174 58,849 70,817 83,582 96,728 110,097 123,637 137,313

9,846 8,772 7,542 6,156 4,614 3,078 1,536

10 11 12 13 14 15

0 +

+ Surrender Charge is zero in year 15 and thereafter.

Surrender Value The Surrender Value is the amount you would receive, based on the assumptions used in this illustration, if you surrendered the policy. This amount reflects the greater of the Contract Fund and the alternate contract fund minus any Surrender Charges, minus the outstanding loan and any unpaid Loan Interest. The Surrender Value does not reflect any taxes that may be due upon surrender of the policy. The value shown in the illustration is as of the end of the policy year.

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