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Full Disclosure survivorship life report.

THE LATEST FULL DISCLOSURE life policy excerpts feature 72 survivorship universal, whole and variable life insurance policies. This is down from our previous survey conducted at the end of 2006 that featured 81 excerpts. The reason for the decline is that a number of companies are re-pricing policies as a result of implementing the new 2001 CSO mortality tables. Companies are required to adopt the new tables by 2009, so this process should accelerate further over the next year. Some are taking this opportunity to introduce completely new policies, perhaps prompting a policy design competitive "arms race" past 2009.

As far as recent survivorship sales trends are concerned, LIMRA reports sales were 1% higher in the first quarter of 2007 compared to that period in 2006. This result was due to a 19% increase in sales of variable survivorship products. LIMRA also noted that sales were about evenly split between accumulation-oriented products and those designed more for protection.

The Full Disclosure excerpts in this report feature illustrated values for whole, universal, indexed universal and variable life survivorship products. And while these charts are only slices of the Full Disclosure database, they will give you an idea of how these products perform on a prospective basis. Also included are charts for minimum long-term guarantee products. This increasingly popular use for flexible premium survivorship life provides minimum annual premiums to age 100 or beyond (lifetime) with little or no cash value at maturity, but with low guaranteed annual premiums.

In addition to the guaranteed premium charts, three others cover current illustrated values for variable, universal and whole survivorship life. These illustrated values are based on current interest or dividend crediting, expenses and, in the case of variable designs, a predetermined crediting rate. Full Disclosure applies the internal rate of return method to current illustrated accumulation values and current death benefits measured at policy durations of 30 years dependent on age combination. The IRR of cash values rises over time, as the IRR for the death benefits falls.

A careful analysis of the IRR measurements indicates which policies are designed (in an illustration at least) to build current cash values, guaranteed cash values, or death benefits. You will notice at the end of the SVL and SUL charts, there are columns showing how the policy would have performed under an increasing death benefit option. The cash value of an increasing death benefit policy, while not listed, would be lower because of the added costs of insurance. The whole life policies have naturally rising death benefits due to the paid-up additions dividend option.

The edition of Full Disclosure that includes the information in these excerpts was released in June with policy data current as of May 1, 2007. Standardized annual premiums are the same between universal and variable life illustrations, and the VL illustrations are based on a 10% gross rate of return with average subaccount expenses "netted out" of the projected values.

Because survivorship life products are designed for certain objectives, whether maximum cash accumulation or none at all, for example, we have summarized what each is designed for. Some have simplified underwriting, short-term values, living benefit riders, or many others. We not only examine a product's premiums and illustrated values, but try to get to what it is designed to do best. That is the key to any successful comparison in this time of product specialization. The market is also adding new hybrid, index, and guaranteed premium variations (of flexible premium products) to the mix. Often, simply looking at the numbers doesn't tell you enough.

Clearly, between sales and product development trends, survivorship life is becoming more entrenched after the back and forth over estate law changes. The way things are going in Washington, it looks as if the tax will be around for a long time. That's good news for the producers and companies offering a "pennies on the dollar" solution for paying it.

About Full Disclosure And Blease Research

Full Disclosure Is a policy comparison and evaluation software series designed for brokers, agents, financial planners and advisors active in upper market life insurance sales. Individual editions are $99. Call Blease Research at (877) 864-3833 to find out what the software includes, or see their Web site at www.full-disclosure.com for information and a free demonstration version of Full Disclosure. National Underwriter does not determine which insurers and their products appear in Full Disclosure. If you want to see a carrier not mentioned in a Full Disclosure excerpt, ask the company to notify Blease Research.

Survivorship UL Policy Design Objectives

AIG American General Life Elite Survivor 2004

Low Premium to Carry; Maximum Death Benefit; Return of Premium Option; Rolling Targets

AIG American General Life Elite Survivor G

Full Death Benefit Guarantee; Maximum Income; Rolling Targets

AIG American General Life Platinum Protector Survivor G

Minimum Premium Long Term Guarantee Market; Maximum Death Benefits

AIG American General Life Platinum Survivor Ultra 2004

Low Premium to Carry; Maximum Death Benefits; Supplemental Coverage

Aviva--AmerUs Life Indexed SUL

Indexed Policy; No-Lapse Guarantee to Lifetime Various Sales Scenarios

Aviva--Bankers Life of New York Indexed SUL

Indexed Policy; No-Lapse Guarantee to Lifetime

Vadous Sales Scenarios

Aviva--Indianapolis Life Indexed SUL

Indexed Policy; No-Lapse Guarantee to Lifetime;

Various Sales Scenarios

AXA Equitable Athena SUL II

Death Benefit Guarantees; Low Premium to Carry; Riders

Banner Life Survivor Life

Death Benefit Guarantees to Age 100; Underwriting Expertise; Maximum Death Benefits

Genworth Life Lifetime Provider SUL

Death Benefit Guarantee to Age 100; Business Applications; Rolling Target

ING "Reliastar Life" ING GPSUL

Death Benefit Guarantee to Lifetime; Low Premium to Carry

ING "Security Life of Denver" GSUL

Death Benefit Guarantee to Lifetime; Return of Benefit Option

ING "Security Life of Denver" ING Explorer SUL

Long Term Cash Accumulation; Maximum Retirement Income

John Hancock Financial Performance SUL 06

Minimum Premium to Carry; lO-Pay Endowment Solve; Lump Sum Death Benefit Solve

Lincoln Benefit Life Legacy Secure SL

Age 100 Lifetime Death Benefit Guarantees; Liquidity with Rider

Lincoln National Life LifeGuarantee SUL

Lifetime Guaranteed Death Benefit; Maximum Death Benefits

Lincoln National Life LifeCurrent SUL

Maximum Accumulation Values; Specified Insured Term Rider

Massachusetts Mutual Life SUL Guard

Lifetime Death Benefit Guarantee; Premium Allocation

Massachusetts Mutual Life SUL+

Low Premium to Endow & Carry; High Cash Value; Maximum Retirement Income; Broad/Favorable Underwriting

Massachusetts Mutual Life SUL 10

Short Term Needs; Convertibility

Massachusetts Mutual Life Prestige SUL

Qualified Markets; Low Cash Value; Broad Underwriting; Living Benefits; Long Term Values

MetLife Legacy Advantage SUL

Accumulation Sales; Death Benefit Guarantees; Premium Financing

Midland National Life Survivorship Innovation UL

High Issue Ages; Death Benefit Guarantee to Age 100; Table Shaving; Low Premium to Endow & Carry

National Life NL Estate Provider

Maximum Death Benefits; Term Rider Flexibility

Nationwide Life Legacy Provider SUL

Full Death Benefit Guarantee; Flexibility

New York Life NYLIAC Pinnacle SUL

No Surrender Charges w/Front Load; Low COIs; Flexible Riders; Qualified and Non-Qualified Sales; Long Term Performance

Northwestern Mutual Life SUL

Premium Flexibility; Long Term Values

Pacific Life Estate Preserver III

Lifetime Death Benefit Guarantee; Return of Premium Option

Penn Mutual Life Estate Protection For Life

Full Death Benefit Guarantee; Riders

Phoenix Life Estate Legacy IV

Full Death Benefit Guarantee; Low Premium to Endow; Broad Underwriting

Phoenix Life Phoenix Estate Legacy IV

Low Premium to Endow & Carry; Accumulation Sales; Various Sales Scenarios

Principal Life Survivorship UL Protector

Flexible Low Cost No-Lapse Premiums; Return of Premium Option; Business Applications

Protective Life Survivor Select UL III

Lifetime Death Benefit Guarantee; Maximum Death Benefits; Low Guarantee Premiums

Protective Life Survivor

Low Premium to Endow & Carry; Maximum Death Benefits

Prudential Financial Life PruLife SUL Plus

Minimum Premium to Endow; Premium Finance Using Death Benefit Option C; Underwriting; Maturity Extension

Prudential Financial Life PruLife SUL Protector

Flexible Death Benefit Guarantee to Lifetime; Guaranteed Duration Premium Solves; Underwriting; Maturity Extension

Security Mutual Life of NY Survivorship UL

Low Premium to Endow & Carry

State Farm Life Second to Die

Death Benefit Sales; Accumulation Sales; Low Surrender Charges

Sun Life Financial Survivorship UL

Lifetime Death Benefit Guarantee to Lifetime; Flexibility

Union Central Life (UNIFI Co) Excel Survivor

Death Benefit Sales; Accumulation Sales;

Scheduled increase Rider

US Life of NY (AIG Co.) Survivorship Premier

Lifetime Death Benefit Guarantee in NY; Maximum Retirement Income

Survivorship Variable Life Policy Design Objectives

AIG American General Life Platinum Investor Survivor II

Target Premiums; Death Benefit Guarantees; Maximum Retirement Income; Maturity Extension; Return of Premium

AXA Equitable Survivorship Incentive Life 02

Low Premium to Carry; Estate Tax Repeal Rider

ING "Reliastar Life" Variable Accumulation Design

Maximum Income Distribution; High Target Premiums; Flexible Riders; Cash Accumulation

ING "Security Life of Denver" Variable SUL

Lifetime Death Benefit Guarantee; Long Term Accumulation

ING "Security Life of Denver" Estate Designer

High Early Cash Value; Death Benefit Option 3; Unlimited Transfers

Jefferson Pilot Financial Life JPF Ensemble SL

Low Premium to Endow & Carry; High Cash Value; Maximum Retirement Income; Rolling Target

Lincoln National Life SVUL ONE

Death Benefit Guarantees; Death Benefit Sales; Cash Accumulation; Low Endow Premium; Hybrid Product

Lincoln National Life Lincoln SVUL-IV

Low Premium to Endow & Carry; Death Benefit Guarantees to Age 100; Accumulation Sales; Built In Maturity Extension

Massachusetts Mutual Life Survivorship VUL II

Death Benefit Guarantee to Age 100; Low Premium to Endow & Carry; High Cash Value; Maximum Retirement Income;

Broad/Favorable Underwriting

Massachusetts Mutual Life Survivorship VUL Guard

Flexible Low Cost Lifetime Guarantee Death Benefit; Accumulation Values

MetLife VSL II

Death Benefit Guarantees; Maximum Death Benefits; Low Premium to Endow

MetLife New England Financial Zenith Survivorship Life 2002

Low Endowment Premium; Maximum Death Benefits; Impaired Risk; Older Ages

Midland National Life Survivorship VUL

High Cash Accumulation; Death Benefit Guarantee to Age 100; Maximum Retirement Income

National Life Sentinel Estate Provider

Lifetime Death Benefit Guarantee

Nationwide Life Best of America Next Generation SVUL

Cash Accumulation; Income Distribution; Low Expenses; Business Applications

Nationwide Life Best of America Protection SVUL

Death Benefit Guarantees; Low Endowment Premiums; Low Premium to Carry; Broad Underwriting

New York Life NYLIAC SVUL

Low Endowment Premium; High Cash Values; Broad Favorable Underwriting; Accumulation Sales

Northwestern Mutual Life Variable Joint Life

Premium Flexibility; Long Term Values

Northwestern Mutual Life Survivorship VUL

Premium Flexibility; Long Term Values

Pacific Life Select Estate Preserver V

Maximum Death Benefits; Maximum Retirement Income; Accounting Benefit Rider; Death Benefit Guarantee; Maturity

Extension

Penn Mutual Life Variable Estate Max III

Low Premium to Endow & Carry; Long Term Values; Full Death Benefit Guarantee; Riders

Prudential Financial Life Survivorship VUL

Minimum Premium to Carry; Underwriting; Maturity Extension; Divorce and Tax Law Change Rider

Sun Life Financial Futurity Survivorship II VUL

Death Benefit Guarantees; Supplemental Insurance; Rolling Targets

Western Reserve Life Freedom Wealth Protector

Death Benefit Guarantee; Broad/Favorable Underwriting; Long Term Values

Survivorship Whole Life Policy Design Objectives

Guardian Life EstateGuard

Increasing Dividends & Cash Values at First Death; Flexibility; Riders

John Hancock Life Level Premium Estate Protection

Riders; Broad/Favorable Underwriting; Issue Ages

Massachusetts Mutual Life Survivorship Whole Life

High Term Blendability; Cash Value Accumulation; Business Applications

Massachusetts Mutual Life Survivorship Whole Life Protector

Low Premiums; Increase in Cash Values at First Death

New York Life Survivorship Whole Life

Expanded Underwriting Classes; Optimized Accumulation through PUA Rider

Northwestern Mutual Life Joint CompLife

Flexibility; Term Blending
SURVIVORSHIP UNIVERSAL LIFE INSURANCE ILLUSTRATED VALUES (ON 05/01/07)

Male Age 65/female Age 60; Both Best NS* Class; $1,000,000; $20,000
Annual Premium Level Death Benefit

                                                         Current
                                                         Interest
Company                     Policy                         Rate

AIG American General Life   Elite Survivor 2004            5.40%
AIG American General Life   Elite Survivor G               5.15%
AIG American General Life   Platinum Survivor              5.25%
                              Ultra 2004
AXA Equitable               Athena SUL 11                  4.25%
Banner Life                 Survivor Life                  4.80%
ING "Reliastar Life"        ING GPSUL                      4.25%
ING "Security Life          GSUL *                         4.15%
  of Denver"
ING "Security Life          ING Explorer SUL               5.00%
  of Denver"
John Hancock Financial      Performance SUL 06             4.80%
Lincoln Benefit Life        Legacy Secure SL               4.40%
Lincoln National Life       Lincoln LifeGuarantee SUL      3.00%
Lincoln National Life       Lincoln LifeCurrent SUL        4.35%
Massachusetts Mutual Life   SUL Guard ISM)                 3.90%
Massachusetts Mutual Life   Surviviorship Universal         4.75%
                              Life +
Massachusetts Mutual Life   Survivorship Universal         4.05%
                              Life 10
Massachusetts Mutual Life   Prestige Survivorship UL       4.95%
Metlife                     Legacy Advantage SUL           4.50%
Midland National Life       Survivorship Innovation UL     5.15%
National Life               III. Estate Provider           5.25%
Nationwide Life             Legacy Provider SUL            4.70%
New York Life               NYLIAC Pinnacle SUL            4.85%
Northwestern Mutual Life    Northwestern Mutual SUL      7.05% *
Pacific Life                Pacific Estate                 5.60%
                              Preserver III
Penn Mutual Life            Estate Protection              4.90%
                              For Life
Phoenix Life                Phoenix Estate Legacy III      4.85%
Phoenix Life                Phoenix Estate Legacy IV       5.25%
Principal Life              Survivorship                   4.45%
                              Universal Life
Protective Life             Survivor Select UL III         4.00%
Protective Life             Protective Survivor            4.00%
Prudential Financial        PruLife SUL Plus               4.95%
  Life
Prudential Financial        PruLife SUL Protector          4.75%
  Life
Security Mutual             Survivorship UL                5.00%
  Life of NY
State Farm Life             Second to Die                  5.10%
Sun Life Financial          Sun Survivorship UL            4.30%
Union Central Life          Excel Survivor                 5.30%
  (UNIF Co)
US Life of NY (AIG Co.)     Survivorship Premier           4.70%
Indexed Survivorship Universal Life
Aviva-AmerUs Life           Indexed SUL                    8.75%
Aviva-Bankers Life          Indexed SUL                    8.75%
  of New York
Aviva-Indianapolis Life     Indexed SUL                    8.75%

                                        Cash    Current   Current
                              Guar     Value    Accum      Cash
                            Interest    Test    Value      Value
Company                       Rate     Used.    Year 10   Year 10

AIG American General Life      3.00%    GLPT    215,993   192,363
AIG American General Life      3.00%    GLPT    213,342   189,112
AIG American General Life      3.00%    GLPT    218,029   194,279
AXA Equitable                  3.00%    GVAT    208,983   187,622
Banner Life                    3.00%    GLPT    256,329   240,027
ING "Reliastar Life"           4.00%    GLPT    179,633   156,113
ING "Security Life             4.00%    GLPT    171,263   147,741
  of Denver"
ING "Security Life             3.00%    GLPT    201,527   187,203
  of Denver"
John Hancock Financial         3.00%    GLPT    209,810   195,991
Lincoln Benefit Life           3.00%    GLPT    201,418   180,007
Lincoln National Life          3.00%    GLPT    179,819   158,159
Lincoln National Life          4.00%    GLPT    219,218   203,938
Massachusetts Mutual Life      3.00%    GVAT    141,255   128,582
Massachusetts Mutual Life      3.00%    GLPT    223,560   207,132
Massachusetts Mutual Life      3.00%    GLPT    196,512   182,328
Massachusetts Mutual Life      3.00%    GLPT    199,241   185,057
Metlife                        3.00%    GLPT    223,382   213,022
Midland National Life          3.50%    GLPT    210,453   196,813
National Life                  4.00%    GLPT    210,373   204,273
Nationwide Life                3.00%    GLPT    237,422   205,169
New York Life                  3.00%    GLPT    179,157   179,157
Northwestern Mutual Life       4.00%    GLPT    246,079   235,379
Pacific Life                   3.00%    GLPT    186,225   186,225
Penn Mutual Life               3.00%    GLPT      N/A *     N/A *
Phoenix Life                   4.00%   GLPT *   218,540   196,968
Phoenix Life                   4.00%    GLPT    216,142   194,571
Principal Life                 3.00%    GVAT    177,487   151,939
Protective Life                3.00%    GLPT    172,262   149,537
Protective Life                3.00%    GLPT    219,821   196,881
Prudential Financial           3.00%    GLPT    203,900   201,160
  Life
Prudential Financial           3.00%   GLPT *   176,176   171,799
  Life
Security Mutual                3.00%    GLPT    210,574   201,129
  Life of NY
State Farm Life                4.00%    GLPT    245,154   216,439
Sun Life Financial             4.30%    GLPT    173,691   155,719
Union Central Life             4.00%    GLPT    236,539   217,310
  (UNIF Co)
US Life of NY (AIG Co.)        4.00%    GVAT    230,892   208,108
Indexed Survivorship Universal Life
Aviva-AmerUs Life              2.00%    GLPT    261,374   250,291
Aviva-Bankers Life             2.00%    GLPT    261,374   250,291
  of New York
Aviva-Indianapolis Life        2.00%    GLPT    261,374   250,291

                                                    IRR
                            Current    Current    Current    Current
                             Accum      Accum      Accum      Death
                             Value      Value      Value     Benefit
Company                     Year 20    Year 30    Year 30    Year 30

AIG American General Life   595,246   1,235,889     4.33%   1,297,683
AIG American General Life   582,066   1,179,784     4.06%   1,238,773
AIG American General Life   598,270   1,244,236     4.36%   1,306,448
AXA Equitable               508,641     962,937     2.90%   1,258,558
Banner Life                 661,461   1,304,143     4.63%   1,369,350
ING "Reliastar Life"        364,188     561,658    -0.43%   1,000,000
ING "Security Life          397,056     517,697    -0.97%   1,000,000
  of Denver"
ING "Security Life          584,643   1,228,383     4.29%   1,289,802
  of Denver"
John Hancock Financial      525,500   1,021,969     3.24%   1,235,560
Lincoln Benefit Life        515,665     997,191     3.10%   1,047,051
Lincoln National Life       418,875     636,899     0.38%   1,000,000
Lincoln National Life       593,776   1,201,631     4.17%   1,261,713
Massachusetts Mutual Life   217,061           0       N/A   1,000,000
Massachusetts Mutual Life   563,636   1,104,280     3.69%   1,159,494
Massachusetts Mutual Life   336,672           0       N/A           0
Massachusetts Mutual Life   499,426     978,496     2.99%   1,027,421
Metlife                     556,851   1,111,948     3.73%   1,167,546
Midland National Life       631,527   1,389,875     4.98%   1,459,369
National Life               584,555   1,216,137     4.23%   1,276,944
Nationwide Life             601,875   1,152,923     3.93%   1,210,569
New York Life               531,857   1,118,391     3.76%   1,174,311
Northwestern Mutual Life    725,463   1,684,378     6.03%   1,768,597
Pacific Life                563,848   1,218,123     4.24%   1,279,029
Penn Mutual Life              N/A *       N/A *     N/A *       N/A *
Phoenix Life                561,423   1,074,233     3.53%   1,127,944
Phoenix Life                624,982   1,332,246     4.74%   1,398,858
Principal Life              417,551     683,403     0.83%   1,000,000
Protective Life             377,567     515,225    -1.00%   1,000,000
Protective Life             546,729   1,018,565     3.22%   1,049,122
Prudential Financial        576,590   1,143,454     3.89%   1,417,883
  Life
Prudential Financial        474,827     918,410     2.62%   1,138,829
  Life
Security Mutual             599,934   1,204,666     4.18%   1,488,775
  Life of NY
State Farm Life             603,697   1,174,361     4.04%   1,233,079
Sun Life Financial          405,679     686,890     0.86%   1,000,000
Union Central Life          604,125   1,241,821     4.35%   1,303,912
  (UNIF Co)
US Life of NY (AIG Co.)     567,974   1,086,802     3.60%   1,141,141
Indexed Survivorship Universal Life
Aviva-AmerUs Life           900,010   2,365,424     7.82%   2,483,696
Aviva-Bankers Life          900,010   2,365,424     7.82%   2,483,696
  of New York
Aviva-Indianapolis Life     900,010   2,365,424     7.82%   2,483,696

                                       Current     Current
                              IRR       Accum       Death       Min
                              Cur-      Value      Benefit    Premium
                            rent DB     @ Age       @ Age     to Endow
Company                     Year 30   100 (^^)    100 (^^)     Current

AIG American General Life     4.60%   2,343,624   2,343,624     12,445
AIG American General Life     4.34%   2,197,202   2,197,202     13,294
AIG American General Life     4.64%   2,360,484   2,360,484     12,264
AXA Equitable                 4.43%   1,674,091   1,707,573     14,780
Banner Life                   4.90%   2,467,419   2,467,419     22,000
ING "Reliastar Life"          3.12%     796,159   1,000,000     20,798
ING "Security Life            3.12%           0   1,000,000     22,264
  of Denver"
ING "Security Life            4.56%   2,383,592   2,383,592     13,814
  of Denver"
John Hancock Financial        4.32%   1,857,131   1,857,131     10,010
Lincoln Benefit Life          3.38%   1,830,968   1,849,277     15,077
Lincoln National Life         3.12%     523,597   1,000,000     21,167
Lincoln National Life         4.44%   2,215,237   2,215,237     12,737
Massachusetts Mutual Life     3.12%           0   1,000,000        N/A
Massachusetts Mutual Life     3.97%   1,995,953   1,995,953     14,031
Massachusetts Mutual Life       N/A           0           0     26,668
Massachusetts Mutual Life     3.27%   1,806,676   1,806,676     15,057
Metlife                       4.00%   2,028,340   2,048,624     14,010
Midland National Life         5.25%   2,783,339   2,783,339     11,745
National Life                 4.51%   2,344,659   2,368,106     13,673
Nationwide Life               4.21%   2,046,810   2,046,810     14,544
New York Life                 4.04%   2,162,561   2,162,561     13,775
Northwestern Mutual Life      6.29%   3,574,194   3,574,194   10,057 *
Pacific Life                  4.52%   2,429,817   2,454,116     12,467
Penn Mutual Life              N/A *       N/A *       N/A *      N/A *
Phoenix Life                  3.81%   1,950,725   1,950,725     15,174
Phoenix Life                  5.01%   2,608,117   2,608,117     13,375
Principal Life                3.12%   1,047,907   1,084,259     19,905
Protective Life               3.12%           0   1,000,000     22,738
Protective Life               3.39%   1,628,087   1,628,087     16,178
Prudential Financial          5.09%   1,927,765   2,004,875     13,535
  Life
Prudential Financial          3.86%   1,598,154   1,662,081     16,477
  Life
Security Mutual               5.36%   1,870,764   2,105,872     13,584
  Life of NY
State Farm Life               4.31%   2,153,760   2,153,760     15,455
Sun Life Financial            3.12%   1,950,451   1,000,000     19,160
Union Central Life            4.62%   2,331,983   2,331,983     12,619
  (UNIF Co)
US Life of NY (AIG Co.)       3.88%   1,948,455   1,948,455     14,346
Indexed Survivorship Universal Life
Aviva-AmerUs Life             8.08%   9,661,283   5,774,508      7,209
Aviva-Bankers Life            8.08%   5,661,283   5,774,508      7,209
  of New York
Aviva-Indianapolis Life       8.08%   5,661,283   5,774,508      7,209

                            Minimum                          Max Period
                            Premium    Current   Current      for DB/
                            Carry to   Target     10-Pay      Premium
Company                     Maturity    Prem       Prem      Guarantee

AIG American General Life     9,937    11,736     20,157      5 years
AIG American General Life    10,599    11,736     21,854     Lifetime
AIG American General Life     9,553    13,044     20,116      5 years
AXA Equitable                 9,738    14,004     21,594      Age 100
Banner Life                  22,000    10,640        N/A      Age 100
ING "Reliastar Life"         16,882    13,504     32,547     Lifetime
ING "Security Life           20,218     8,763     37,247     Lifetime
  of Denver"
ING "Security Life           11,938    17,595     23,905         None
  of Denver"
John Hancock Financial        8,571    13,694     19,092      9 years
Lincoln Benefit Life         13,623    12,057     28,555     Lifetime
Lincoln National Life        18,287    11,532     29,121     Lifetime
Lincoln National Life        10,044    10,730     21,562      5 years
Massachusetts Mutual Life       N/A    11,160        N/A     Lifetime
Massachusetts Mutual Life    10,269    10,080     21,641         None
Massachusetts Mutual Life    26,560     1,960      N/A *     10 years
Massachusetts Mutual Life    10,881    13,680     23,481         None
Metlife                      11,441    12,131      N/A *    5 years *
Midland National Life         9,151    11,840     18,658     Lifetime
National Life                12,475    12,000     22,818      5 years
Nationwide Life              12,606    12,930     23,392      Age 100
New York Life                11,161    14,850     23,853    Age 100 *
Northwestern Mutual Life    8,816 *    22,540   17,309 *         None
Pacific Life                 10,142    20,000     21,557     Lifetime
Penn Mutual Life              N/A *    13,510      N/A *      Age 121
Phoenix Life                 12,427    15,756     31,434     Lifetime
Phoenix Life                 12,320    15,756     26,130          N/A
Principal Life               18,583    14,162     38,471      Younger
                                                              insured
                                                              age 121
Protective Life              20,413    11,000        N/A      Age 120
Protective Life              12,448    11,840     26,076         None
Prudential Financial         11,774    15,806     28,108      7 years
  Life
Prudential Financial         13,795    11,177     35,402     Lifetime
  Life
Security Mutual              11,987    13,126     24,462      5 years
  Life of NY
State Farm Life              14,804      N/R      29,194      5 years
Sun Life Financial           19,160    12,060     31,028      Age 121
Union Central Life            9,171    12,470     18,661     10 years
  (UNIF Co)
US Life of NY (AIG Co.)      11,486    12,610   24,163 *      Age 100
Indexed Survivorship Universal Life
Aviva-AmerUs Life           5,821 *    12,930     10,073      Age 121
Aviva-Bankers Life          5,821 *    12,930     10,073      Age 121
  of New York
Aviva-Indianapolis Life     5,821 *    12,930     10,073      Age 121

                             Req Max     Current      IRR Curr
                             DB/Prem    increasing   Increasing
Company                     Guarantee   DB Year 30   DB Year 30

AIG American General Life       7,224    1,991,976       6.92%
AIG American General Life      10,656    1,897,528       6.66%
AIG American General Life       7,303    1,999,737       6.94%
AXA Equitable                  10,323    1,770,929       6.30%
Banner Life                    22,000    4,846,541      11.46%
ING "Reliastar Life"           12,333    1,287,591       4.55%
ING "Security Life             10,361    1,235,052       4.32%
  of Denver"
ING "Security Life                N/A    1,855,710       6.55%
  of Denver"
John Hancock Financial          7,951    1,788,631       6.35%
Lincoln Benefit Life           10,977    1,657,358       5.94%
Lincoln National Life          10,263    1,454,374       5.23%
Lincoln National Life             N/A    1,992,992       6.93%
Massachusetts Mutual Life       9,664          N/A         N/A
Massachusetts Mutual Life         N/A    1,834,893       6.49%
Massachusetts Mutual Life       1,826          N/A         N/A
Massachusetts Mutual Life         N/A    1,729,919       6.17%
Metlife                         5,907    1,205,651       4.19%
Midland National Life          10,105    2,073,283       7.13%
National Life                   9,000    1,841,191       6.50%
Nationwide Life                11,376    1,753,062       6.24%
New York Life                     N/A    1,882,053       6.62%
Northwestern Mutual Life          N/A    2,258,682       7.58%
Pacific Life                    8,520    1,931,701       6.76%
Penn Mutual Life               10,084        N/A *       N/A *
Phoenix Life                   13,733    1,695,033       6.06%
Phoenix Life                      N/A    1,599,729       5.75%
Principal Life                 10,385    1,303,798       4.62%
Protective Life                10,164          N/A         N/A
Protective Life                   N/A    1,657,576       5.94%
Prudential Financial            9,567    1,920,085       6.73%
  Life
Prudential Financial           10,535    1,616,179       5.80%
  Life
Security Mutual                 5,112    1,962,505       6.84%
  Life of NY
State Farm Life                 9,960    1,618,245       5.81%
Sun Life Financial             10,245    1,428,583       5.13%
Union Central Life              7,578    1,975,456       6.88%
  (UNIF Co)
US Life of NY (AIG Co.)      10,926 *    1,779,571       6.32%
Indexed Survivorship Universal Life
Aviva-AmerUs Life              10,647    3,118,831       9.25%
Aviva-Bankers Life             10,647    3,118,831       9.25%
  of New York
Aviva-Indianapolis Life        10,647    3,118,831       9.25%

* Class represents at least 15% of policies issued. Data
Current 5/ 1/07.  (^^) Age 100 of Younger Insured.

Illustration Footnote & Clarification

AIG American         Elite Survivor G       All scenarios automatically
  General Life                              include me Maturity Exten-
                                            sion Rider (Death Benefit
                                            Type).

Aviva Companies      All Policies           "$1MM/M55/F50/$15,000:
                                            guideline level premium
                                            restriction, an annual
                                            premium of $14,891 was
                                            used," minimum premium
                                            to endow and carry $3,869
                                            the first 8 years.
                                            $1MM/M65/F60/$20,000
                                            minimum premium to carry
                                            $6,599 first 5 years.
                                            $1MM/M65D/F60/$20,000
                                            minimum premium to endow
                                            and carry $8,979 first 4
                                            years.

ING "Security Life   GSUL                   Premiums and cash values
  of Denver"                                shown are maximum blend
                                            25/75.
                                            This product is designed to
                                            work best in NLG situations
                                            and not accumulation or
                                            endowment scenarios.

Massachusetts        SUL Guard ISM)         Annual premium required to
  Mutual Life                               guarantee policy face
                                            amount for lifetime is paid
                                            to the younger insureds age
                                            100.
                                            Lifetime guaranteed premium
                                            assumes all premium is paid
                                            into the GDB Premium
                                            Account (GDB PA).

Massachusetts        Survivlorship          SUL10 was designed to pro-
  Mutual Life          Universal Life 10    vide a 10 year level, low-
                                            cost guarantee premium.
                                            This product does not offer
                                            an increasing death benefit
                                            option. 10 pays are not
                                            applicable due to the GLPT
                                            limitation.

Massachusetts        Prestige               PSUL is designed to be used
  Mutual Life          Survivorship UL      in the Qualitifed market
                                            when there is a need for
                                            life insurance protection.

MetLife              Legacy Advantage SUL   Ten pay fails GLP test.
                                            * without JCCR.

New York Life        NYLULC Pinnacle SUL    Beyond Age 100 with LER.

Northwestern         Northwestern           $2.000,000 minimum speci-
  Mutual Life          Mutual SUL           fied requirement ignored.
                                            Minimum and ten-pay pre-
                                            miums to endow and carry at
                                            age 100, maturity age is
                                            121.
                                            Excess premium above target
                                            annual premium (which va-
                                            ries by individual) re-
                                            ceives Tier 2 rate of
                                            4.05%.

Pacific Life         Pacific Estate         Listed target premium based
                       Preserver III        on 100% commissionable
                                            mixes of base and term.
                                            All base target premiums
                                            will be higher.

Penn Mutual Life     Estate Protection      Policy designed for guaran-
                       For Life             teed minimum premium mar-
                                            ket, not cash value
                                            accumulation.

Phoenix Life         Phoenix Estate         CVAT: guaranteed death
                       Legacy III           benefit and 10 pay premium
                                            solves, GLPT: all other
                                            scenarios.

Prudential           PruLfe SUL Protector   Both tests used.
  Financial Life

US Life of NY        SurvivorshipPremiere   Annual Premium required to
  (AIG Co.)                                 guarantee Face Amount/DB
                                            Policy to Maximum Guaran-
                                            teed Period is illustrated
                                            in the State of New York.

SURVIVORSHIP VARIABLE LIFE INSURANCE ILLUSTRATED VALUES (ON 05/01/07)

Level Death Benefit; 10% Crediting Rate Then Net of Average (^)
Subaccount Charges Male Age 65/Female Age 60; Both Best NS Class;
$1,000,000; $20,000 Annual Premium

                                                           Current
                                                            Accum
                                                            Value
Company                 Policy                             Year 10

AIG American            Platinum Investor Survivor II      251,087
  General Life
AXA Equitable           Survivorship Incentive Life 02     255,834
ING "Reliastar Life"    Variable Accumulation Design       260,634
ING "Security Life      Variable SUL                       269,962
  of Denver"
ING "Security Life      Estate Designer                    265,540
  of Denver"
Jefferson Pilot         JPF Ensemble SL                    257,646
  Financial Life
Lincoln National Life   SVUL ONE                           252,026
Lincoln National Life   Lincoln SVUL-IV                    281,746
Massachusetts           Survivorship VUL II                269,097
  Mutual Life
Massachusetts           Survivorship VUL Guard (SM)        214,590
  Mutual Life
MetLife                 MetLife VSL II                     280,311
Metlife                 NE Financial Zenith SL 2002        252,608
Midland National Life   Survivorship VUL                   252,490
National Life           Sentinel Estate Provider           256,237
Nationwide Life         Best of America Next Generation    246,384
Nationwide Life         Best of America Protection SVUL    271,749
New York Life           NYLIAC SVUL                        276,351
Northwestern            Variable Joint Life                251,634
  Mutual Life
Northwestern            Survivorship VUL                   253,716
  Mutual Life
Pacific Life            Pacific Select Estate              221,223
                          Preserver V
Penn Mutual Life        Variable Estate Max III            251,590
Prudential              Survivorship VUL                   259,446
  Financial Life
Sun Life Financial      Futurity Survivorship II VUL       255,092
Transamerica            TransSurvivor Life VUL             284,599
  Occidental Life
Western Reserve Life    Freedom Wealth Protector           269,845

                        Current                           IRR
                         Cash     Current    Current    Current
                         Value     Accum      Accum      Accum
                         (net)     Value      Value      Value
Company                 Year 10   Year 20    Year 30    Year 30

AIG American            243,211   847,621   2,222,860     7.50%
  General Life
AXA Equitable           255,834   844,777   2,095,718     7.19%
ING "Reliastar Life"    247,862   880,484   2,455,270     8.02%
ING "Security Life      269,962   930,409   2,509,603     8.13%
  of Denver"
ING "Security Life      265,540   924,407   2,499,485     8.11%
  of Denver"
Jefferson Pilot         257,646   892,364   2,422,089     7.95%
  Financial Life
Lincoln National Life   232,606   882,239   2,431,991     7.97%
Lincoln National Life   271,436   941,850   2,526,701     8.17%
Massachusetts           261,827   897,207   2,353,508     7.80%
  Mutual Life
Massachusetts           200,104   526,552   1,176,022     4.05%
  Mutual Life
MetLife                 266,681   902,498   2,412,108     7.93%
Metlife                 247,960   865,162   2,273,518     7.62%
Midland National Life   239,290   893,536   2,405,154     7.91%
National Life           255,904   874,633   2,289,254     7.65%
Nationwide Life         246,384   798,013   2,181,348     7.40%
Nationwide Life         268,234   903,442   2,378,179     7.85%
New York Life           273,791   905,046   2,246,532     7.55%
Northwestern            251,634   918,322   2,523,081     8.16%
  Mutual Life
Northwestern            253,716   928,801   2,561,527     8.24%
  Mutual Life
Pacific Life            221,223   830,227   2,348,790     7.79%
Penn Mutual Life        245,504   908,688   2,454,032     8.02%
Prudential              259,446   839,111   2,029,093     7.02%
  Financial Life
Sun Life Financial      243.167   865,608   2,311,644     7.70%
Transamerica            277,559   930,659   2,337,366     7.76%
  Occidental Life
Western Reserve Life    251,255   859,194   2,294,248     7.66%

                                      IRR      Current     Current
                         Current    Current     Accum       Death
                          Death      Death      Value     Benefit
                         Benefit     Value      @ Age        Age
Company                  Year 30    Year 30   100 (^^)     100 (^^)

AIG American            2,334,003    7.75%    5,561,568   5,561,568
  General Life
AXA Equitable           2,739,103    8.58%    4,904,487   5,002,577
ING "Reliastar Life"    2,567,533    8.25%    6,250,705   6,250,705
ING "Security Life      2,635,083    8.38%    3,970,292   4,009,995
  of Denver"
ING "Security Life      2,624,459    8.36%    3,956,397   3,995,961
  of Denver"
Jefferson Pilot         2,543,193    8.20%    6,068,932   6,129,621
  Financial Life
Lincoln National Life   2,553,591    8.22%    6,162,302   6,162,302
Lincoln National Life   2,653,036    8.42%    6,272,339   6,272,339
Massachusetts           2,471,183    8.05%    5,721,15?   5,721,154
  Mutual Life
Massachusetts           1,234,823    4.32%    2,848,669   2,848,669
  Mutual Life
MetLife                 2,532,713    8.18%    5,955,353   5,955,353
Metlife                 2,387,194    7.87%    5,504,077   5,504,077
Midland National Life   2,525,412    8.16%    5,975,359   5,975,359
National Life           2,403,717    7.91%    5,515,461   5,570,616
Nationwide Life         2,290,416    7.66%    5,415,120   5,469,271
Nationwide Life         2,497,088    8.11%    5,778,848   5,778,848
New York Life           2,583,512    8.28%    5,083,751   5,185,426
Northwestern            2,649,235    8.41%    6,293,718   6,293,718
  Mutual Life
Northwestern            2,689,604    8.49%    6,543,716   6,543,716
  Mutual Life
Pacific Life            2,466,229    8.04%    6,073,022   6,133,752
Penn Mutual Life        2,576,733    8.27%    6,087,266   6,148,139
Prudential              2,516,075    8.14%    4,074,314   4,237,287
  Financial Life
Sun Life Financial      2,427,226    7.96%    5,687,508   5,687,508
Transamerica            2,711,345    8.53%    5,066,128   5,268,774
  Occidental Life
Western Reserve Life    2,408,960    7.92%    5,631,120   5,631,120

                                   Min.                 Premium
                         Cash    Premium                to Endow
                        @Value   to Endow               Current
                        Method    @ 10%                  There-
Company                  Used    Current    In Years     after

AIG American             GLPT      7,573    All years       N/A
  General Life
AXA Equitable            CVAT      7,910    All years       N/A
ING "Reliastar Life"     GLPT        N/A          N/A       N/A
ING "Security Life       GLPT      8,771    All years       N/A
  of Denver"
ING "Security Life       GLPT      8,573    All years       N/A
  of Denver"
Jefferson Pilot          GLPT     10,680          1-5     7,769
  Financial Life
Lincoln National Life    GLPT      8,275    All years       N/A
Lincoln National Life    GLPT      7,080    All years       N/A
Massachusetts            GLPT      9,078    All years       N/A
  Mutual Life
Massachusetts            GLPT     18,636    All years       N/A
  Mutual Life
MetLife                  GLPT      8,037    All years       N/A
Metlife                  GLPT      7,558    All years       N/A
Midland National Life    GLPT      9,770          1-5     8,705
National Life            GLPT     10,000          1-5     6,649
Nationwide Life          GLPT     11,119    All years       N/A
Nationwide Life          GLPT      8,159    All years       N/A
New York Life            CVAT     11,734            1     6,681
Northwestern             GLPT      8,105    All years       N/A
  Mutual Life
Northwestern             GLPT      7,929    All years       N/A
  Mutual Life
Pacific Life             GLPT      6,507    All years       N/A
Penn Mutual Life         GLPT      8,169    All years       N/A
Prudential               CVAT      8,329    All years       N/A
  Financial Life
Sun Life Financial       GLPT      8,317    All years       N/A
Transamerica             CVAT      8,110    All years       N/A
  Occidental Life
Western Reserve Life     GLPT      8,892    All years       N/A

                          Minimum                 Premium
                          Premium                 to Carry   Current
                        Carry to                  Current    Target
                        Maturity @                 There-    Premium
Company                 10% Current   In Years     after      @ 10%

AIG American                6,738     All years      N/A      28,644
  General Life
AXA Equitable               6,172     All years      N/A      20,094
ING "Reliastar Life"          N/A           N/A      N/A      18,656
ING "Security Life          8,274     All years      N/A      14,070
  of Denver"
ING "Security Life          8,067     All years      N/A      28,204
  of Denver"
Jefferson Pilot            10,680           1-5    6,537      21,360
  Financial Life
Lincoln National Life       7,605     All years      N/A      17,205
Lincoln National Life       6,123     All years      N/A      18,740
Massachusetts               8,544     All years      N/A      16,530
  Mutual Life
Massachusetts              18,600     All years      N/A      10,470
  Mutual Life
MetLife                     7,237     All years      N/A      18,346
Metlife                     6,310     All years      N/A      16,268
Midland National Life       9,770           1-5    7,943      19,230
National Life              10,000           1-5    5,838      20,000
Nationwide Life            10,529     All years      N/A      20,791
Nationwide Life             7,606     All years      N/A      19,148
New York Life              11,734             1    6,806      21,334
Northwestern                7,641     All years      N/A      26,790
  Mutual Life
Northwestern                7,422     All years      N/A      22,190
  Mutual Life
Pacific Life                5,928     All years      N/A      20,000
Penn Mutual Life            7,460     All years      N/A      19,890
Prudential                  7,828     All years      N/A      22,397
  Financial Life
Sun Life Financial          7,153     All years      N/A      17,040
Transamerica                7,733     All years      N/A      15,810
  Occidental Life
Western Reserve Life        7,924     All years      N/A      18,390

                                        Max       Premium
                                       Period    Required
                                      for DB/     for Max
                           Current    Premium     DB/Prem   Averaging
                           10-Pay     Guaran-    Guaran-     Method
Company                    Premium      tees       tee        Used

AIG American                11,915     5 years     6,209       Weighted
  General Life
AXA Equitable               10,420    20 years    20,094       Weighted
ING "Reliastar Life"           N/A    28 years    26,640       Weighted
ING "Security Life          13,390    Lifetime     8,275       Weighted
  of Denver"
ING "Security Life          13,229     5 years     1,621       Weighted
  of Denver"
Jefferson Pilot             13,157     Age 100    28,804       Weighted
  Financial Life
Lincoln National Life       12,395    Lifetime    14,451       Weighted
Lincoln National Life       10,140    Lifetime    24,256       Weighted
Massachusetts               13,781    Lifetime    28,427    Traditional
  Mutual Life
Massachusetts               28,738    Lifetime    10,465    Traditional
  Mutual Life
MetLife                     11,878    20 years    11,708       Weighted
Metlife                     13,414     Younger    31,911       Weighted
                                      insureds
                                       age 100
Midland National Life       13,896     5 years     9,770       Weighted
National Life               12,318    Lifetime    24,253    Traditional
Nationwide Life             16,636   Younger      29,201       Weighted
                                     insureds
                                     age 75
Nationwide Life             12,641    Younger      6,484       Weighted
                                      insureds
                                       age 75
New York Life               12,175    Lifetime    33,088       Weighted
                                       w/LER
Northwestern                12,634        None       N/A       Weighted
  Mutual Life
Northwestern                12,305        None       N/A       Weighted
  Mutual Life
Pacific Life                10,807    10 years     4,931       Weighted
Penn Mutual Life            12,302     Age 100    23,070       Weighted
Prudential                  14,376    Lifetime    32,145    Traditional
  Financial Life
Sun Life Financial          11,816    20 years     6,572    Traditional
Transamerica                12,503    20 years    15,276       Weighted
  Occidental Life
Western Reserve Life        13,186   TPA 75 or     6,949       Weighted
                                      10 years

* Class represents at least 15% of policies issued. (^) Averaging
method may vary between weighted and numeric averaging method.
Current 05/01/07. (^^) Age 100 of Younger Insured.

Illustration Footnote & Clarification

ING "Reliastar     Variable Accumula-   This product is designed to
  Life"              lation Design      perform best in a heavily
                                        funded scenario and therefore
                                        would not work as well in an
                                        endow scenario. Product was
                                        blended to achieve a level
                                        premium stream.

Lincoln National   SVUL ONE             Guaranteed Minimum Death
  Life                                  Benefit (GMDB) illustrated
                                        at 100%; Variable Account
                                        Allocation illustrated at
                                        100%.
Massachusetts      Survivorship VUL     Lifetime guaranteed premium
  Mutual Life        Guard (SM)         assumes all premium is paid
                                        into the Guaranteed Principal
                                        Account (GPA).

Northwestern       Variable Joint       Age 100 of the younger
  Mutual Life        Life               insured is used for Age
                                        100" values.

Northwestern       Survivorship VUL     Minimum and 10-pay premiums
  Mutual Life                           to endow and carry at age
                                        100, maturity age is 121.

Pacific Life       Pacific Select       Target premiums are flexible;
                     Estate Preserver   those in these examples have
                                        been set to be equal to either
                                        the specified or solved-for
                                        premium.

SURVIVORSHIP WHOLE LIFE INSURANCE ILLUSTRATED VALUES (ON 05/01/07)

Male Age 65/Female Age 60; Both Best NS* Class; $1,000,000

100% BASE POLICY                                          Current
                                                           Accum
                                                Annual     Value
Company               Policy Name               Premium   Year 20

Guardian Life         EstateGuard                20,830   605,776
John Hancock Life     Level Premium Estate       26,940   863,026
                        Protection
Massachusetts         Survivorship Whole Life    25,580   741,513
  Mutual Life
Massachusetts         Survivorship Whole Life    18,110   526,815
  Mutual Life           Protector
New York Life         Survivorship Whole Life    24,810   833,292
Northwestern Mutual   Joint CompLife             26,950   963,515

                       Guar      Current     Current    IRR on
                       Accum       Death      Accum     Current
                       Value     Benefit      Value      Accum
Company               Year 20    Year 20     Year 30    Year 30

Guardian Life         504,800   1,131,392   1,301,281     4.39%
John Hancock Life     581,290   1,342,837   1,506,734     3.76%
Massachusetts         502,880   1,342,180   1,589,601     4.36%
  Mutual Life
Massachusetts         502,880   1,034,321   1,023,358     3.82%
  Mutual Life
New York Life         519,070   1,390,088   1,796,487     5.21%
Northwestern Mutual   601,210   1,475,248   2,179,691     5.81%

                       Guar      Current    IRR on
                       Accum      Death     Current    Total
                       Value     Benefit      DB       Prem
Company               Year 30    Year 30    Year 30   Year 30

Guardian Life         751,410   1,625,980     5.62%   624,900
John Hancock Life     790,700   1,771,891     4.67%   808,200
Massachusetts         748,300   1,993,530     5.61%   767,400
  Mutual Life
Massachusetts         748,300   1,324,828     5.26%   543,300
  Mutual Life
New York Life         726,120   2,185,780     6.27%   744,300
Northwestern Mutual   802,690   2,560,483     6.67%   808,500

                                                          Current
50/50 TERM BLEND POLICY                                    Accum
                                                Annual     Value
Company               Policy Name               Premium   Year 20

Guardian Life         EstateGuard                11,733   325,477
John Hancock Life     Level Premium Estate       15,267   456,502
                        Protection
Massachusetts         Survivorship Whole Life    13,852   373,490
  Mutual Life
Massachusetts         Survivorship Whole Life    12,528   374,933
  Mutual Life           Protector
New York Life         Survivorship Whole Life    12,455   400,105
Northwestern Mutual   Joint CompLife             14,205   488,929

                       Guar      Current     Current    IRR on
                       Accum       Death      Accum     Current
                       Value     Benefit      Value      Accum
Company               Year 20    Year 20     Year 30    Year 30

Guardian Life         252,400   1,000,000     577,679     3.03%
John Hancock Life     290,645   1,000,000     705,639     2.66%
Massachusetts         251,440   1,000,000     656,108     2.80%
  Mutual Life
Massachusetts         251,440   1,000,000     657,620     3.40%
  Mutual Life
New York Life         259,535   1,000,000     833,249     4.77%
Northwestern Mutual   300,605   1,000,000   1,087,411     5.51%

                       Guar      Current    IRR on
                       Accum      Death     Current    Total
                       Value     Benefit      DB       Prem
Company               Year 30    Year 30    Year 30   Year 30

Guardian Life         375.705   1,000,000     6.09%   351.990
John Hancock Life     395,350   1,000,000     4.65%   458,010
Massachusetts         374,150   1,000,000     5.19%   415,571
  Mutual Life
Massachusetts         374,150   1,000,000     5.74%   375,869
  Mutual Life
New York Life         363,060   1,017,511     5.86%   374,525
Northwestern Mutual   401,345   1,277,483     6.38%   426,150

* Class represents at least 15% of policies issued.

Illustration Footnote & Clarification

New York Life   Survivorship Whole Life   50% Term Blend Annual Premium
                                          (years 1-5): $1MM/M65/F60-
                                          $12,630.

SURVIVORSHIP UL LIFETIME/AGE 100 MINIMUM GUARANTEED PREMIUMS

ILLUSTRATED (05/01/07) $1,000,000 Policy; Standard NonTobacco
Class-Annual Premium

                                                     Guarantee
Company                     Policy Name               Period

AIG American General Life   Elite Survivor G         Lifetime
AIG American General Life   Platinum Protector       Lifetime
                              Survivor G
Aviva-AmerUs Life           Indexed Survivor         Lifetime
                              Universal Life
Aviva-Bankers Life          Indexed Survivor         Lifetime
  of New York                 Universal Life
Aviva-Indianapolis Life     Indexed Survivor         Lifetime
                              Universal Life
AXA Equitable               Athena SUL II             Age 100
Banner Life                 Survivor Life             Age 100
Genworth Life               Lifetime Provider        Lifetime
                              (SM) SUL
ING "Reliastar Life"        ING GPSUL                Lifetime
ING "Security Life          GSUL                     Lifetime
  of Denver"
Lincoln Benefit Life        Legacy Secure SL          Age 100
Lincoln National Life       Lincoln Life-            Lifetime
                              Guarantee SUL
Massachusetts Mutual Life   SUL Guard (SM)           Lifetime
Metlife                     Legacy Advantage SUL     Lifetime
Midland National Life       Survivorship              Age 100
                              Innovation UL
Nationwide Life             Legacy Provider SUL       Age 100
Pacific Life                Pacific Estate           Lifetime
                              Preserver III
Penn Mutual Life            Estate Protection         Age 121
                              For Life
Phoenix Life                Phoenix Estate           Lifetime
                              Legacy III
Principal Life              Survivorship Universal   Lifetime
                              Life Protector
Protective Life             Survivor Select UL III   lifetime
Prudential Financial Life   PruLife SUL Protector    Lifetime
Sun Life Financial          Sun Survivorship UL      Lifetime
US Life of NY (AIG Co.)     Survivorship Premier      Age 100

                            Male Age    Male Age    Male Age
                            60/Female   70/Female   80/Female
Company                      Age 55      Age 70      Age 75

AIG American General Life     9,973      18,640      31,043
AIG American General Life     9,680      18,452      29,624
Aviva-AmerUs Life            10,348      23,128      37,070
Aviva-Bankers Life           10,348      23,128      37,070
  of New York
Aviva-Indianapolis Life      10,348      23,128      37,070
AXA Equitable                 9,053      18,585      29,444
Banner Life                  18.490      43,160      62,540
Genworth Life                 9,435      19,537      32,269
ING "Reliastar Life"         12.247      21,341      32,781
ING "Security Life           11,966      23,044      34,686
  of Denver"
Lincoln Benefit Life         10,206      19,534      30,950
Lincoln National Life         9,333      18,686      27,219
Massachusetts Mutual Life     9,678      19,720      33,835
Metlife                       9,335      19,294      30,018
Midland National Life        10,169      19,764      31,852
Nationwide Life              10,932      22,144      32,973
Pacific Life                  9,195      20,242         N/A
Penn Mutual Life              9,521      19,397      27,542
Phoenix Life                 10,665      21,562      33,730
Principal Life                9,807      18,206      28,200
Protective Life               8,975      20,248      32,074
Prudential Financial Life    10,509      20,245      30,939
Sun Life Financial            9,020      19,480      29,079
US Life of NY (AIG Co.)       9,974      18,640      31,043

                                   Issue            Payable to
                                   Class              Younger
Company                             Used           Insured's Age

AIG American General Life   Standard NonTobacco         100
AIG American General Life   Standard NonTobacco         100
Aviva-AmerUs Life           Standard NonTobacco         121
Aviva-Bankers Life          Standard NonTobacco         121
  of New York
Aviva-Indianapolis Life     Standard NonTobacco         121
AXA Equitable               Standard NonTobacco         100
Banner Life                 Standard NonTobacco       JEA 100
Genworth Life               Standard No Nicotine        100
ING "Reliastar Life"        Standard No Tobacco         100
ING "Security Life                Standard              100
  of Denver"
Lincoln Benefit Life         Standard Nonsmoker         100
Lincoln National Life       Standard NonTobacco         121
Massachusetts Mutual Life       Non Tobacco             100
Metlife                      Standard NonSmoker         120
Midland National Life            NonSmoker              100
Nationwide Life                  NonTobacco             100
Pacific Life                 Standard NonSmoker         120
Penn Mutual Life            Standard NonTobacco         121
Phoenix Life                 Standard NonSmoker         100
Principal Life              Standard NonTobacco         121
Protective Life                 Non Tobacco             100
Prudential Financial Life      Nonsmoker Plus           100
Sun Life Financial          Standard NonTobacco         100
US Life of NY (AIG Co.)     Standard NonTobacco         100

Illustration Footnote & Clarification

AIG American General Life   Elite Survivor G         Continuation of
                                                     Coverage Rider is
                                                     automatically
                                                     included in this
                                                     product.

AIG American General Life   Platinum Protector       All scenarios
                              Survivor G             automatically
                                                     include Maturity
                                                     Extension (Death
                                                     Benefit type).

Banner Life                 Survivor Life            Guarantee under
                                                     Current
                                                     Assumptions.

Massachusetts Mutual Life   SUL Guard (SM)           Lifetime
                                                     guaranteed premium
                                                     assumes all pre-
                                                     mium is paid into
                                                     the GDB Premium
                                                     Account (GDB PA).

Pacific Life                Pacific Estate           NLG rider not
                              Preserver III          available above IA
                                                     75; run at 100%
                                                     target.

US Life of NY (AIG Co.)     Survivorship Premier     All scenarios
                                                     illustrated for
                                                     the state of New
                                                     York. Guaranteed
                                                     Death Benefit
                                                     Rider available
                                                     only in NY.

SURVIVORSHIP VL LIFETIME/AGE 100 MINIMUM GUARANTEED PREMIUMS

Premiums Payable to Younger Insured Age 100

$1,000,000 Level Death Benefit Annual Premium

ILLUSTRATED (05/01/07) $1,000,000 Policy; Standard NonTobacco Class

                                                   Guarantee
Company                 Policy Name                  Period

ING "Security Life      Variable Survivorship       Lifetime
  of Denier"              Universal Life
Jefferson Pilot         JPF Ensemble SL              Age 100
  Financial Life
Lincoln National Life   SVUL ONE                    Lifetime
Lincoln National Life   Lincoln SVUL-IV             Lifetime
Massachusetts           Survivorship VUL II         Lifetime
  Mutual Life
Massachusetts           Survivorship VUL            Lifetime
  Mutual Life             Guard (SM)
MetLtfe                 New England Financial        Age 100
                          Zenith SL 2002
National Life           Sentinel Estate Provider    Lifetime
New York Life           NYLIAC SVUL                Lifetime *
Penn Mutual Life        Variable Estate Max III      Age 100
Prudential              Survivorship VUL             Age 100
  Financial Life

                        Male Age    Male Age    Male Age
                        60/Female   70/Female   80/Female
Company                  Age 55      Age 70      Age 75

ING "Security Life        7,010      17,221      29,118
  of Denier"
Jefferson Pilot          22,212      46,632      70,850
  Financial Life
Lincoln National Life    14,414      31,371      46,613
Lincoln National Life    18,669      39,301      59,632
Massachusetts            21,872      46.038      70,440
  Mutual Life
Massachusetts            10,080      20,112      31,527
  Mutual Life
MetLtfe                  24,719      51,057      77,869
National Life            18,649      39,285      59,941
New York Life            25,268      54,115      84,043
Penn Mutual Life         17,730      37,190      56,840
Prudential               25,068      53,411      83,224
  Financial Life

                                                Premiums
                              Issued           Payable to
                               Class             Younger
Company                        Used           Insured's Age

ING "Security Life      Non Smoker Standard        100
  of Denier"
Jefferson Pilot         Standard NonTobacco        100
  Financial Life
Lincoln National Life        Nonsmoker             100
Lincoln National Life        Nonsmoker             100
Massachusetts               NonTobacco             100
  Mutual Life
Massachusetts               NonTobacco             100
  Mutual Life
MetLtfe                 Nonsmoker Standard         100
National Life                Nonsmoker             100
New York Life               Non Smoker             100
Penn Mutual Life        Standard NonTobacco        100
Prudential                Nonsmoker Plus           100
  Financial Life

Illustration Footnote & Clarification

Massachusetts   Survivorship VUL   Lifetime guaranteed premium assumes
  Mutual Life     Guard (SM)       all premium is paid into the
                                   Guaranteed Principal Account (GPA)

MetLife         New England        Male age 80 cannot be run at
                  Financial        preferred, so it is run at standard
                  Zenith SL 200    in those cells.
New York Life   NYLIAC SVUL        Lifetime w/LER; Age 100 w/o LER
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Title Annotation:FULL DISCLOSURE
Author:Blease, Roger L.
Publication:National Underwriter Life & Health
Geographic Code:1USA
Date:Aug 13, 2007
Words:8480
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