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Full disclosure survivorship life report.

SURVIVORSHIP LIFE PRODUCT changes continue to mirror the major policy evolutions that individual products are experiencing. Whether it is universal, whole or variable life versions, a Jan. 1, 2009 deadline for calculating reserves for all newly issued life policies is forcing companies to quickly adopt the CSO 2001 mortality tables.

Many companies have already adopted the new tables, but some of those have only done so recently. For example, we last covered survivorship UL at the end of 2007. At that time 18 of 43 of the policies utilized the new tables. This time, the new table is featured in 23 of 42 policies, and a few companies were unable to provide information on their leading plans that were being repriced.

Universal life and variable UL products will undergo the most change as the lower reserve requirements mean lower guaranteed cost of insurance and lower guideline premiums. Policies designed for low lifetime, or age 121, guaranteed premiums, of which there are more than ever in this excerpt, will benefit the most. In the end, at most ages, it is the policyholder who will most benefit. In these days of low fixed crediting rates and volatile equities markets, our sometimes beleaguered industry will feel the benefits of greater premium efficiency too.

The Full Disclosure excerpts in this report feature illustrated values for whole, universal, index universal and variable life survivorship products. And while these charts are only slices of the Full Disclosure database, they will give 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 insurance 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, 3 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 30 years dependent on age combination. The IRR of cash values rise 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 each chart (SVL & SUL), 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.

Full Disclosure software includes complete policy specifications and features, current and guaranteed costs and expenses, and a wide sampling of illustrations. Policy data in this excerpt is current as of May 1, 2008. Standardized annual premiums are the same between UL and VL illustrations, and the VL illustrations are based on a 10% gross rate of return with average subaccount expenses "netted out" of the projected values. Issue classes are likewise the same across the 3 policy types; however, we collect different classes and will likely change the issue classes shown in this excerpt in the future.

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 to get to what it is designed to do best. That is the key to any successful comparison in this time of product specialization. Also, the market is 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.

Please see the footnotes at the bottom of each table that may reveal important differences between products, or in ways that they were illustrated by contributing insurers. As mentioned earlier, some of the policies in this report are not designed for cash value accumulation, but for minimum long-term guaranteed premiums. It is on that basis primarily that any comparison to other products should be done.

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 website 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.

FULL DISCLOSURE: DESIGN OBJECTIVES

Survivorship UL

AIG American General Life Elite Survivor 2004

Low Premium to Carry; Maximum Death Benefit (DB); ROP Option; Rolling Targets

AIG American General Life Platinum Protector Survivor G

Minimum Premium Long Term Guarantee; Maximum DBs

AIG American General Life Elite Survivor G

Guaranteed DBs; Maximum Income; Rolling Targets

AIG American General Life Platinum Survivor Ultra 2004

Low Premium to Carry; Maximum DBs; Supplemental Coverage

Allianz Life Gen Dex Survivorship Indexed Universal Life

Flexible Guaranteed DBs

Ameritas Life (UNIFI Co.) Excel Secondary Guarantee SUL

Guaranteed DBs

Aviva Life & Annuity Indexed SUL

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

Aviva-Bankers Life of NY Indexed SUL

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

Aviva-Indianapolis Life Indexed SUL

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

AXA Equitable Life Athena SUL III

DB Guarantees

Genworth Life Lifetime Provider (SM) SUL

DB Guarantee to Age 100; Business Applications; Rolling Target

Guardian Life EstateGuard SUL

Low Premium to Endow & Carry; Single Pay Sates; Accumulation Values

ING "Security Life of Denver" ING SUL-GDB

Lifetime DB Guarantees

ING "Security Life of Denver" ING Explorer Survivorship UL

Long Term Cash Accumulation; Maximum Retirement Income

John Hancock Performance SUL 06

Minimum Premium to Carry; 10-Pay Endowment Solve; Lump Sum DB Solve

John Hancock USA Protection SUL-G

Lifetime DB Guarantee; Policy Protection Riders

Lincoln Benefit Life Legacy Secure SL

Lifetime DB Guarantees

Lincoln National LifeGuarantee SUL

Lifetime Guaranteed DB; Maximum DBs

Lincoln National Life LifeCurrentSUL

Maximum Accumulation Values; Specified Insured Term Rider

Massachusetts Mutual Life SUL Guard (SM)

Lifetime DB Guarantee; Premium Allocation Options

Massachusetts Mutual Life Survivorship UL 10

ShortTerm Policy; Convertibility; Low Cost 10-Year DB Guarantee

Massachusetts Mutual Life Prestige Survivorship UL

Qualified Markets; Living Benefits; Long Term Values

Massachusetts Mutual Life Survivorship Universal Life +

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

MetLife Legacy Advantage SUL

Accumulation Sales; DB Guarantees; Premium Financing

Midland National Life Survivorship Innovation UL

High Issue Ages; DB Guarantee to Age 100; Low Premium to Endow & Carry

National Life NL Estate Provider

Maximum DB; Term Rider Flexibility

Nationwide Life YourLife SUL

Low Cost DBs; Lifetime DB Guarantee; Owner Directed Settlement Options New York Life SUL Lifetime Guarantee Lifetime

Guaranteed DBs

New York Life NYLIAC Pinnacle SUL

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

Northwestern Mutual Life SUL

Premium Flexibility; Long Term Values; High Minimum Specified Amount

Pacific Life Estate Preserver III

Lifetime DB Guarantee; ROP Option

Penn Mutual Life Estate Protection For Life

Lifetime DB Guarantee; Riders Phoenix Life Survivorship UL with Guarantee Lifetime DB Guarantees; Maximum DBs

Phoenix Life Estate Legacy IV

Low Premium to Endow & Carry; Accumultion Sales; Various Sales Scenarios; Riders

Principal Life SUL Protector

Flexible DB Guarantees; ROP Option; Business Applications

Protective Life Survivor Select UL III

Lifetime DB Guarantee; Maximum DBs; Various Sales Scenarios

Protective Life Survivor

Low Premium to Endow & Carry; Maximum DBs

Prudential Financial PruLife SUL Protector

Flexible DB 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

DB Sales; Accumulation Sales; Low Surrender Charges

Sun Life Financial Survivorship LP3

DB Guarantee to Lifetime; Flexibility

Transamerica Occidental Life TransACE Survivor New York

Flexible DB Guarantee to Lifetime; Larger Face Amounts

Transamerica Occidental Life TransAce Survivor 2008

Flexible DB Guarantee to Lifetime; Older Ages

Union Central Life (UNIFI Co.) Excel Survivorship UL

Current Assumption Sales; Flexible DB; Riders

US Life of NY (AIG Co.) Survivorship Premier

DB Guarantee in NY; Maximum Retirement Income

Survivorship VL

AIG American General Life Platinum Investor Survivor II

Target Premiums; DB Guarantees; Maximum Retirement Income; Maturity Extension; ROP; High Guaranteed Fixed Account Rate

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; Accumulation Values

ING "Security Life of Denver" Variable Survivorship Universal Life

Lifetime DB Guarantee Rider; Long Term Accumulation

John Hancock Accumulation SVUL

Age 35-65 Market; Maximum Retirement Income

John Hancock Life Protection SVUL

Lifetime DB Guarantee; 2001 CSO Table; Features & Riders

Lincoln National SVUL ONE 2007 Guaranteed DBs; DB Sales; Cash Accumulation; Hybrid Product

Massachusetts Mutual Life SVUL Guard (SM)

Flexible Low Cost Lifetime Guarantee DB; Accumulation Values

Massachusetts Mutual Life SVUL II

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

MetLife New England Financial Zenith SL 2002

Older Ages; Minimum Premium to Endow; Maximum DBs; Impaired Risk

MetLife VSL II

DB Guarantees; Maximum DBs; Low Premium to Endow

Midland National Life SVUL

High Cash Accumulation; DB Guarantee to Age 100; Maximum Retirement Income

National Life Sentinel Estate Provider

Lifetime DB Guarantee; Riders

Nationwide Life Best of America Next Generation SVUL

Cash Accumulation; Maximum Income; Liquidity; Low Expenses

Nationwide Life Best of America Protection SVUL

DB Guarantees; Low Endowment Premiums; Low Premium to Carry; Broad Underwriting

New York Life NYLIAC SVUL Accumulator

High Cash Value; Features & Riders; Accumulation Sales; Income; Long Term Values

Northwestern Mutual Life Variable Joint Life

Premium Flexibility; Long Term Values

Northwestern Mutual Life SVUL

Premium Flexibility; Long Term Values

Pacific Life Select Estate Preserver V

Maximum DBs; Maximum Retirement Income; Accounting Benefit Rider; DB Guarantee; Maturity Extension

Penn Mutual Variable Estate Max III

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

Phoenix Life Estate Edge

Low Premium to Endow; Term blending; Cash Value Accum.; Flexibility; Riders

Phoenix Life Edge SVUL

3 Policy Options; Banded COI Rates; Guaranteed DBs, Flexibility; Riders

Sun Life Financial Futurity Survivorship II VUL

DB Guarantees; Supplemental Insurance;

Rolling Targets

Survivorship Whole Life

Guardian Life EstateGuard WL

Increase in Dividends & Cash Value at First Death; Riders

Massachusetts Mutual Life SWL

High Term Blendability; Cash Value Accumulation; Business Applications

Massachusetts Mutual SWL Protector

Low Premiums; Increase in Cash Values at First Death

New York Life SWL

Expanded Underwriting Classes; Estate Protection Rider; Convertible Dividend Option Term Rider

Northwestern Mutual Joint CompLife

Premium & Guarantee Flexibility; Optional High Term Blending
[] FULL DISCLOSURE Survivorship Life Report

SURVIVORSHIP UNIVERSAL LIFE INSURANCE ILLUSTRATED VALUES (ON 05/01/08)

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

Policies in this chart vary widely by objective. Included are an
increasing number that are not designed to generate significant cash
values, but instead guaranteed minimum premiums.

                                                     Current
                                                     Interest
Company                 Policy                         Rate

AIG American            Elite Survivor 2004           5.40%
  General Life
AIG American            Platinum Survivor             5.25%
  General Life            Ultra 2004
AXA Equitable Life      Athena SUL III                4.25%
Genworth Life           Lifetime Provider (SM) SUL    4.70%
Guardian Life           EstateGuard SUL               5.90%
ING "Security Life      ING SUL-GDB                   4.25%
  of Denver"
ING "Security Life      ING Explorer Survivorship     5.00%
  of Denver"              Universal Life
John Hancock Life       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 LifeCurrentSUL        4.25%
Massachusetts           SUL Guard(SM)                 4.05%
  Mutual Life
Massachusetts           Survivorship Universal        3.95%
  Mutual Life             Life 10
Massachusetts           Prestige Survivorship         4.80%
  Mutual Life             Universal Life
Massachusetts           Survivorship Universal        4.60%
  Mutual Life             Life +
MetLife                 Legacy Advantage SUL          4.50%
Midland National        Survivorship Innovation UL    5.15%
  Life
National Life           NL Estate Provider            5.50%
Nationwide Life         Nationwide YourLife SUL       3.25%
New York Life           NYLIAC Pinnacle SUL           4.75%
Northwestern            Northwestern Mutual SUL *     7.05% *
  Mutual Life
Pacific Life            Pacific Estate                5.45%
                          Preserver III
Phoenix Life            Survivorship UL with          4.25%
                          Guarantee
Phoenix Life            Phoenix Estate Legacy IV      5.25%
                          (PEL IV)
Principal Life          Survivorship UL Protector     4.65%
Protective Life         Survivor Select UL III        4.00%
Protective Life         Protective Survivor           4.00%
Prudential Financial    PruLife SUL Protector         4.95%
Security Mutual         Survivorship UL               5.00%
  Life of NY
State Farm Life         Second to Die                 5.10%
Sun Life Financial      Sun Survivorship LP3          4.30%
Transamerica            TransACE Survivor New York    4.00%
  Occidental Life
Transamerica            TransAce Survivor 2008        4.00%
  Occidental Life
Union Central Life      Excel Survivorship UL         5.60%
  (UNIFI Co.)
US Life of NY           Survivorship Premier          4.45%
  (AIG Co.)
Indexed Survivorship
  Universal Life
Allianz Life            Gen Dex Survivorship          7.40%
Aviva Life & Annuity    Indexed SUL                   7.55%
Aviva--Bankers          Indexed SUL                   7.55%
  Life of NY
Aviva--Indianapolis     Indexed SUL                   7.55%
  Life

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

AIG American             3.00%        GLPT        215,993
  General Life
AIG American             3.00%        GLPT        218,029
  General Life
AXA Equitable Life       2.00%        CVAT        217,863
Genworth Life            3.00%         N/R        118,344
Guardian Life            3.50%         N/A *      237,578
ING "Security Life       4.00%        GLPT        178,956
  of Denver"
ING "Security Life       3.00%        GLPT        201,527
  of Denver"
John Hancock Life        3.00%        CVAT        209,810
Lincoln Benefit Life     3.00%        GLPT        198,975
Lincoln National Life    3.00%        GLPT        179,819
Lincoln National Life    4.00%        GLPT        218,018
Massachusetts            3.00%        CVAT        142,590
  Mutual Life
Massachusetts            3.00%        GLPT        195,400
  Mutual Life
Massachusetts            3.00%        GLPT        197,588
  Mutual Life
Massachusetts            3.00%        GLPT        221,617
  Mutual Life
MetLife                  3.00%        GLPT        223,382
Midland National         3.50%        GLPT        213,585
  Life
National Life            4.00%        GLPT        213,297
Nationwide Life          3.00%        GLPT        177,030
New York Life            3.00%         N/R        178,211
Northwestern             4.00% *       N/R        246,079 *
  Mutual Life
Pacific Life             3.00%        GLPT        186,225
Phoenix Life             4.00%         N/R        188,006
Phoenix Life             4.00%         N/R        220,434
Principal Life           3.00%        CVAT        179,438
Protective Life          3.00%        GLPT        172,262
Protective Life          3.00%        GLPT        219,821
Prudential Financial     3.00%        CVAT        166,192
Security Mutual          3.00%        CVAT        217,120
  Life of NY
State Farm Life          4.00%        GLPT        245,154
Sun Life Financial       3.00%         N/R        173,691
Transamerica             4.00%        CVAT        186,656
  Occidental Life
Transamerica             4.00%         N/A *      186,811
  Occidental Life
Union Central Life       4.00%        GLPT        240,674
  (UNIFI Co.)
US Life of NY            4.00%        GLPT        227,623
  (AIG Co.)
Indexed Survivorship
  Universal Life
Allianz Life             2.00%         N/R        254,519
Aviva Life & Annuity     2.00%         N/R        244,919
Aviva--Bankers           2.00%         N/R        244,919
  Life of NY
Aviva--Indianapolis      2.00%         N/R        244,919
  Life

                         Current       Current       Current
                        Cash Value   Accum Value   Accum Value
Company                  Year 10       Year 20       Year 30

AIG American             192,363       595,246     1,235,889
  General Life
AIG American             194,279       598,270     1,244,236
  General Life
AXA Equitable Life       198,457       541,858     1,002,315
Genworth Life             95,955       292,064       469,033
Guardian Life            226,483       628,541     1,357,953
ING "Security Life       165,767       329,135        28,855
  of Denver"
ING "Security Life       187,203       584,643     1,228,383
  of Denver"
John Hancock Life        195,991       525,500     1,021,969
Lincoln Benefit Life     179,673       506,113       968,824
Lincoln National Life    158,159       418,875       636,899
Lincoln National Life    202,738       586,919     1,178,710
Massachusetts            129,917       223,345             0
  Mutual Life
Massachusetts            181,216       330,778             0
  Mutual Life
Massachusetts            183,403       490,184       945,899
  Mutual Life
Massachusetts            205,189       553,307     1,070,287
  Mutual Life
MetLife                  213,022       556,851     1,111,948
Midland National         199,945       640,867     1,411,424
  Life
National Life            207,197       602,380     1,280,499
Nationwide Life          151,110       372,394       525,579
New York Life            178,211       525,903     1,096,451
Northwestern             235,379       725,463     1,684,378
  Mutual Life
Pacific Life             186,225       563,848     1,218,123
Phoenix Life             166,789       436,317       566,344
Phoenix Life             199,764       642,234     1,379,392
Principal Life           153,890       428,661       729,353
Protective Life          149,537       180,203             0
Protective Life          196,881       546,729     1,018,565
Prudential Financial     162,010       443,638       855,225
Security Mutual          208,204       618,376     1,260,704
  Life of NY
State Farm Life          216,439       603,697     1,174,361
Sun Life Financial       155,719       405,679       686,890
Transamerica             161,917       482,025       881,593
  Occidental Life
Transamerica             179,731       488,213       864,037
  Occidental Life
Union Central Life       221,445       627,275     1,318,754
  (UNIFI Co.)
US Life of NY            204,839       550,639     1,028,897
  (AIG Co.)
Indexed Survivorship
  Universal Life
Allianz Life             235,459       826,996     2,048,336
Aviva Life & Annuity     233,836       781,257     1,884,591
Aviva--Bankers           233,836       781,257     1,884,591
  Life of NY
Aviva--Indianapolis      233,836       781,257     1,884,591
  Life

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

AIG American                4.33%   1,297,683     4.60%   2,343,624
  General Life
AIG American                4.36%   1,306,448     4.64%   2,360,484
  General Life
AXA Equitable Life          3.13%   1,334,081     4.75%   1,578,674
Genworth Life              -1.64%   1,000,000     3.12%     422,840
Guardian Life               4.85%   1,419,085     5.09%   2,716,523
ING "Security Life            N/A   1,000,000     3.12%           0
  of Denver"
ING "Security Life          4.29%   1,289,802     4.56%   2,383,592
  of Denver"
John Hancock Life           3.24%   1,235,560     4.32%   1,857,131
Lincoln Benefit Life        2.93%   1,017,265     3.22%   1,786,118
Lincoln National Life       0.38%   1,000,000     3.12%     523,597
Lincoln National Life       4.06%   1,178,710     4.06%   2,266,097
Massachusetts                 N/A   1,000,000     3.12%           0
  Mutual Life
Massachusetts                 N/A           0       N/A           0
  Mutual Life
Massachusetts               2.79%   1,000,000     3.12%   1,730,584
  Mutual Life
Massachusetts               3.51%   1,123,801     3.79%   1,916,066
  Mutual Life
MetLife                     3.73%   1,167,546     4.00%   2,028,340
Midland National            5.06%   1,481,995     5.33%   2,825,480
  Life
National Life               4.52%   1,344,254     4.79%   2,512,056
Nationwide Life            -0.87%   1,000,000     3.12%           0
New York Life               3.65%   1,151,274     3.93%   2,105,851
Northwestern                6.03%   1,768,597     6.29%   3,574,194
  Mutual Life
Pacific Life                4.24%   1,279,029     4.52%   2,429,817
Phoenix Life               -0.38%   1,000,000     3.12%           0
Phoenix Life                4.94%   1,448,361     5.21%   2,695,497
Principal Life              1.23%   1,000,000     3.12%   1,203,309
Protective Life               N/A   1,000,000     3.12%           0
Protective Life             3.22%   1,049,122     3.39%   1,628,087
Prudential Financial        2.20%   1,146,002     3.90%   1,324,245
Security Mutual             4.44%   1,558,030     5.60%   2,050,543
  Life of NY
State Farm Life             4.04%   1,233,079     4.31%   2,153,760
Sun Life Financial          0.86%   1,000,000     3.12%   1,127,864
Transamerica                2.38%   1,022,648     3.25%   1,437,574
  Occidental Life
Transamerica                2.26%   1,054,126     3.42%   1,340,090
  Occidental Life
Union Central Life          4.69%   1,384,692     4.96%   2,528,115
  (UNIFI Co.)
US Life of NY               3.28%   1,080,342     3.56%   1,815,898
  (AIG Co.)
Indexed Survivorship
  Universal Life
Allianz Life                7.07%   2,153,753     7.33%   4,661,927
Aviva Life & Annuity        6.63%   1,978,820     6.89%   4,104,000
Aviva--Bankers              6.63%   1,978,820     6.89%   4,104,000
  Life of NY
Aviva--Indianapolis         6.63%   1,978,820     6.89%   4,104,000
  Life

                         Current                   Minimum
                          Death      Min Premium   Premium
                        Benefit @     to Endow     Carry to
Company                 Age 100(^^)   Current     Maturity    To Age

AIG American            2,343,624     12,445        9,171        100
  General Life
AIG American            2,360,484     12,264        8,720        100
  General Life
AXA Equitable Life      1,640,242     13,105       12,047        125
Genworth Life           1,000,000     22,274       18,335        100
Guardian Life           2,703,045     10,274        9,794        121
ING "Security Life      1,000,000     25,493       24,729        105
  of Denver"
ING "Security Life      2,383,592     13,814       11,938        100
  of Denver"
John Hancock Life       1,857,131     10,010        8,571        121
Lincoln Benefit Life    1,803,979     15,542        9,763        121
Lincoln National Life   1,000,000     21,167       10,263        121
Lincoln National Life   2,266,097     12,959       10,195        100
Massachusetts           1,000,000        N/A          N/A        N/A
  Mutual Life
Massachusetts                   0     26,992       26,880        100
  Mutual Life
Massachusetts           1,730,584     15,430       11,090        100
  Mutual Life
Massachusetts           1,916,066     14,373       10,460        100
  Mutual Life
MetLife                 2,048,624     14,010       15,427        120
Midland National        2,825,480     11,503        8,910        100
  Life
National Life           2,537,177     13,159       11,184        100
Nationwide Life         1,000,000     23,568       21,616        100
New York Life           2,105,851     13,985       11,275        100
Northwestern            3,574,194      9,755 *      9,755 **     121
  Mutual Life
Pacific Life            2,454,116     12,467       10,142        120
Phoenix Life            1,000,000        N/A          N/A        N/R
Phoenix Life            2,695,497     12,270       11,030        100
Principal Life          1,245,052     19,394 *     18,142 *      100
Protective Life         1,000,000     22,738       20,412        100
Protective Life         1,628,087     16,177       12,448        100
Prudential Financial    1,549,367     17,123       17,123        N/R
Security Mutual         2,308,425     12,219        9,859        100
  Life of NY
State Farm Life         2,153,760     15,455       14,804        100
Sun Life Financial      1,000,000     19,160       19,160        N/R
Transamerica            1,495,078     16,455       11,800        100
  Occidental Life
Transamerica            1,393,694     16,447        9,568 *      121
  Occidental Life
Union Central Life      2,528,115     12,031        8,852        100
  (UNIFI Co.)
US Life of NY           1,815,898     14,973       11,186        100
  (AIG Co.)
Indexed Survivorship
  Universal Life
Allianz Life            4,661,927     10,967 *     10,967        120
Aviva Life & Annuity    4,186,080      8,562        7,023        100
Aviva--Bankers          4,186,080      8,562        7,023        100
  Life of NY
Aviva--Indianapolis     4,186,080      8,562        7,023        100
  Life

                                                 Max Period    Premium
                                      Current     for OB/      Req Max
                          Current     10-Pay      Premium      DB/Prem
Company                 Target Prem   Premium    Guarantees   Guarantee

AIG American               11,736     18,638      5 years       7,224
  General Life
AIG American               13,044     18,590      5 years       7,303
  General Life
AXA Equitable Life          9,683     26,631      Age 100       9,488
Genworth Life              13,428     39,199     Lifetime       9,353
Guardian Life              15,840     20,355         None         N/A
ING "Security Life         10,170        N/A     Lifetime       9,741
  of Denver"
ING "Security Life         17,595     23,905         None         N/A
  of Denver"
John Hancock Life          13,694     19,092      9 years       7,951
Lincoln Benefit Life       12,600     20,987      Age 121       9,763
Lincoln National Life      23,140     47,075     Lifetime      10,263
Lincoln National Life      10,730     28,042      5 years         N/A
Massachusetts              11,160        N/A     Lifetime       9,664 *
  Mutual Life
Massachusetts               1,960       N/A *    10 years       1,826
  Mutual Life
Massachusetts              13,680     24,215         None         N/A
  Mutual Life
Massachusetts              10,080     22,308         None         N/A
  Mutual Life
MetLife                    12,131       N/A *     5 years *     5,907
Midland National           11,700     18,165     Lifetime      10,105
  Life
National Life              12,000     21,701      5 years       9,000
Nationwide Life            12,321     20,459     Lifetime      10,327
New York Life              14,850     24,250      Age 121 *       N/A
Northwestern               22,540     19,152 *       None         N/A
  Mutual Life
Pacific Life               20,000     21,557 *   Lifetime       8,520
Phoenix Life               12,159     21,272     Lifetime       9,650
Phoenix Life               13,780     24,231         None         N/A
Principal Life             13,971     37,038     Lifetime      10,385
Protective Life            11,000     20,293      Age 121      10,164
Protective Life            11,840     26,076         None         N/A
Prudential Financial       10,680     36,062     Lifetime       9,855
Security Mutual            11,563     20,639      5 years       4,645
  Life of NY
State Farm Life              N/R      29,194      5 years       9,960
Sun Life Financial         12,060     31,028      Age 121      10,245
Transamerica               10,454     26,993     Lifetime      10,507
  Occidental Life
Transamerica               12,270     20,559     Lifetime       9,568
  Occidental Life
Union Central Life         12,470     17,615     10 years       7,578
  (UNIFI Co.)
US Life of NY              12,610     24,065      Age 100      10,926 *
  (AIG Co.)
Indexed Survivorship
  Universal Life
Allianz Life               15,163     29,581      Age 120      15,163
Aviva Life & Annuity       12,930     12,410      Age 121       9,824
Aviva--Bankers             12,930     12,410      Age 121       9,824
  Life of NY
Aviva--Indianapolis        12,930     12,410      Age 121       9,824
  Life

                         Current      IRR Curr
                        Increasing   Increasing
                            DB           DB
Company                  Year 30      Year 30

AIG American            1,991,976        6.92%
  General Life
AIG American            1,999,737        6.94%
  General Life
AXA Equitable Life      1,816,237        6.43%
Genworth Life                 N/A          N/A
Guardian Life           1,882,129        6.62%
ING "Security Life      1,000,000        3.12%
  of Denver"
ING "Security Life      1,855,710        6.55%
  of Denver"
John Hancock Life       1,788,631        6.35%
Lincoln Benefit Life    1,613,380        5.79%
Lincoln National Life   1,454,374        5.23%
Lincoln National Life   1,972,600        6.87%
Massachusetts                 N/A          N/A
  Mutual Life
Massachusetts                 N/A          N/A
  Mutual Life
Massachusetts           1,705,133        6.09%
  Mutual Life
Massachusetts           1,807,253        6.40%
  Mutual Life
MetLife                 1,844,341        6.51%
Midland National        2,092,858        7.18%
  Life
National Life           1,894,656        6.66%
Nationwide Life         1,302,525        4.62%
New York Life           1,863,417        6.57%
Northwestern            2,258,682        7.58%
  Mutual Life
Pacific Life            1,931,701        6.76%
Phoenix Life                  N/A          N/A
Phoenix Life            2,046,644        7.07%
Principal Life          1,329,944        4.73%
Protective Life               N/A          N/A
Protective Life         1,657,576        5.94%
Prudential Financial    1,525,156        5.49%
Security Mutual         2,095,557        7.19%
  Life of NY
State Farm Life         1,618,245        5.81%
Sun Life Financial      1,428,583        5.13%
Transamerica                  N/A          N/A
  Occidental Life
Transamerica                  N/A          N/A
  Occidental Life
Union Central Life      2,042,068        7.05%
  (UNIFI Co.)
US Life of NY           1,734,129        6.18%
  (AIG Co.)
Indexed Survivorship
  Universal Life
Allianz Life            2,604,710        8.32%
Aviva Life & Annuity    2,655,477        8.42%
Aviva--Bankers          2,655,477        8.42%
  Life of NY
Aviva--Indianapolis     2,655,477        8.42%
  Life

* Class represents at least 15% of policies issued. Data
Current 05/01/08. (^^) All Values Age of Younger Insured.

Illustration Footnote & Clarification

AIG American        Platinum Protector   This policy is designed
  General Life        Survivor G         as a Guaranteed Death
                                         Benefit product, not for
                                         Current Assumptions

AIG American        Elite Survivor G     This policy is designed
  General Life                           as a Guaranteed Death
                                         Benefit product, not
                                         for Current Assumptions

Allianz Life        Gen Dex              Policy is designed for
                      Survivorship       at least a 10 year
                                         guarantee; minimum
                                         premium to endow could be
                                         paid in 20 years or less.

Ameritas Life       Excel Secondary      This policy is designed
  (UNIFI Co.)         Guarantee SUL      as a Guaranteed Death
                                         Benefit product, not
                                         Current Assumptions

Genworth Life       Lifetime Provider    This policy is designed
                      (SM) SUL           as a Guaranteed Death
                                         Benefit product, not for
                                         Current Assumptions

ING "Security       ING SUL-GDB          This policy is designed
  Life of Denver"                        as a Guaranteed Death
                                         Benefit product, not for
                                         Current Assumptions

John Hancock USA    Protection SUL-G     This policy is designed
                                         as a Guaranteed Death
                                         Benefit product, not for
                                         Current Assumptions

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

Massachusetts       Survivorship         Designed to provide a 10
  Mutual Life         Universal          year level, low-cost
                      Life 10            guarantee premium. 10
                                         pays are not applicable
                                         due to the GLPT
                                         limitation

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

MetLife             Legacy Advan-        Ten Pay fails GLPT test.
                      tage SUL           5 years w/o JCCR.

New York Life       NYLIAC Pinnacle      Age 121 w/ LER
                      SUL
New York Life       SUL Lifetime         This policy is designed
                      Guarantee          as a Guaranteed Death
                                         Benefit product, not for
                                         Current Assumptions

Northwestern        Northwestern         Excess premium above the
  Mutual Life         Mutual SUL         Tier 1 maximum annual
                                         payment initially
                                         receives Tier 2 rate of
                                         4.05%; Tier 2 funds
                                         gradually transfer to
                                         Tier 1; 7.05% * (Tier 1),
                                         4.05% (Tier 2).

                                         $2,000,000 minimum
                                         specified amount
                                         requirement ignored.
                                         Minimum premiums were
                                         calculated assuming
                                         premiums payable to age
                                         100 to carry or endow
                                         at maturity age 121.

                                         Approximately 74% of
                                         applicants qualify for
                                         Premier NT class.
                                         Illustrations are 100%
                                         base amount, 0%
                                         supplemental amount.
                                         Guaranteed rate 4.00%
                                         (yrs 1-15), 3.00%
                                         (yrs 16+)

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

Penn Mutual Life    Estate Protection    This policy is designed
                      For Life           as a Guaranteed Death
                                         Benefit product, not for
                                         Current Assumptions

Phoenix Life        Survivorship UL      Secondary guarantee is
                      with Guarantee     built into the policy.

Principal Life      Survivorship         Endow and carry values
                      UL Protector       are equal because of
                                         sensitivity of cash value
                                         accumulations over a
                                         large number of years.

Transamerica        TransAce Sur-        Minimum carry premium
  Occidental Life     vivor 2008         run on a guaranteed
                                         basis  using the Assured
                                         Coverage Endorsement as
                                         it is significantly less.
                                         All scenarios were
                                         run to age 111.

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

[] FULL DISCLOSURE Survivorship Life Report

SURVIVORSHIP VARIABLE LIFE INSURANCE ILLUSTRATED VALUES (ON 05/1/08)

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           251,314
  General Life         Survivor II
AXA Equitable        Survivorship Incentive      254,950
                       Life 02
ING "Reliastar       Variable Accumulation       265,581
  Life"                Design
ING "Security        Variable Survivorship       270,270
  Life of Denver"      Universal Life
John Hancock Life    Accumulation SVUL           268,277
John Hancock Life    Protection SVUL             262,242
Lincoln National     SVUL ONE 2007               226,508
  Life
Massachusetts        Survivorship VUL            215,032
  Mutual Life          Guard
Massachusetts        Survivorship VUL II         269,608
  Mutual Life
Metlife              New England Financial       253,028
                       Zenith SL 2002
Metlife              MetLife VSL II              279,819
Midland National     Survivorship VUL            252,637
  Life
National Life        Sentinel Estate             255,918
                       Provider
Nationwide Life      Best of America Next        246,384
                       Generation SVUL
Nationwide Life      Best of America             271,749
                       Protection SVUL
New York Life        NYLIAC SVUL Accumulator     255,515
Northwestern         Variable Joint Life         251,489
  Mutual Life
Northwestern         Survivorship VUL            253,569
  Mutual Life
Pacific Life         Pacific Select Estate       221,223
                       Preserver V
Penn Mutual Life     Variable Estate Max III     251,732
Phoenix Life         Estate Edge                 267,273
Phoenix Life         Phoenix Edge SVUL           261,546
Sun Life Financial   Futurity Survivorship       256,130
                       II VUL
Transamerica         TransSurvivor Life VUL      284,764
  Occidental Life

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

AIG American            243,438       848,954       2,227,949
  General Life
AXA Equitable           254,950       838,663       2,071,776
ING "Reliastar          256,419       897,644       2,487,014
  Life"
ING "Security           270,270       932,779       2,519,620
  Life of Denver"
John Hancock Life       268,009       908,463       2,359,814
John Hancock Life       261,973       882,713       2,391,159
Lincoln National        208,768       814,420       2,292,765
  Life
Massachusetts           200,545       529,717       1,193,878
  Mutual Life
Massachusetts           262,338       900,954       2,368,907
  Mutual Life
Metlife                 248,380       868,292       2,141,609
Metlife                 266,189       898,957       2,397,510
Midland National        239,437       894,645       2,409,876
  Life
National Life           255,585       872,291       2,279,498
Nationwide Life         246,384       798,013       2,181,348
Nationwide Life         268,234       903,442       2,378,179
New York Life           239,649       861,083       2,279,692
Northwestern            251,489       917,199       2,518,176
  Mutual Life
Northwestern            253,569       927,664       2,556,545
  Mutual Life
Pacific Life            221,223       830,227       2,348,790
Penn Mutual Life        245,646       909,774       2,458,743
Phoenix Life            267,273       891,451       2,365,648
Phoenix Life            237,538       868,533       2,290,500
Sun Life Financial      244,205       873,171       2,343,585
Transamerica            277,724       931,817       2,341,988
  Occidental Life

                      IRR Curt     Current Death
                     Accum Value      Benefit      IRR Current
Company                Year 30        Year 30      DB Year 30

AIG American             7.51%       2,339,346         7.77%
  General Life
AXA Equitable            7.13%       2,707,811         8.52%
ING "Reliastar           8.08%       2,611,364         8.34%
  Life"
ING "Security            8.15%       2,645,601         8.40%
  Life of Denver"
John Hancock Life        7.81%       2,824,697         8.74%
John Hancock Life        7.88%       2,510,717         8.13%
Lincoln National         7.66%       2,407,403         7.92%
  Life
Massachusetts            4.13%       1,253,572         4.40%
  Mutual Life
Massachusetts            7.83%       2,487,352         8.08%
  Mutual Life
Metlife                  7.30%       3,212,413         9.40%
Metlife                  7.89%       2,517,385         8.15%
Midland National         7.92%       2,530,370         8.17%
  Life
National Life            7.63%       2,393,472         7.89%
Nationwide Life          7.40%       2,290,416         7.66%
Nationwide Life          7.85%       2,497,088         8.11%
New York Life            7.63%       2,393,676         7.89%
Northwestern             8.15%       2,644,085         8.40%
  Mutual Life
Northwestern             8.23%       2,684,373         8.48%
  Mutual Life
Pacific Life             7.79%       2,466,229         8.04%
Penn Mutual Life         8.03%       2,531,681         8.18%
Phoenix Life             7.82%       2,483,931         8.08%
Phoenix Life             7.66%       2,405,025         7.91%
Sun Life Financial       7.78%       2,460,764         8.03%
Transamerica             7.77%       2,716,706         8.54%
  Occidental Life

                       Current      Current Death
                     Accum Value    Benefit @Age    Cash Value
Company              @Age 100(^^)        100        Test Used

AIG American          5,578,690      5,578,690        GLPT
  General Life
AXA Equitable         4,825,779      4,922,294        CVAT

ING "Reliastar        3,976,387      4,016,151        GLPT
  Life"
ING "Security         3,989,266      4,029,158        GLPT
  Life of Denver"
John Hancock Life     5,572,529      5,572,529        CVAT
John Hancock Life     5,982,723      5,982,723        GLPT
Lincoln National      6,474,253      6,774,253        GLPT
  Life
Massachusetts         2,895,799      2,895,799        GLPT
  Mutual Life
Massachusetts         5,773,534      5,773,534        GLPT
  Mutual Life
Metlife               4,031,036      4,031,036        GLPT
Metlife               5,905,226      5,905,226        GLPT
Midland National      5,991,861      2,530,370        GLPT
  Life
National Life         5,482,382      5,537,206        GLPT
Nationwide Life       5,415,120      5,469,271        GLPT
Nationwide Life       5,778,848      5,778,848        GLPT
New York Life         5,636,511      5,636,511        GLPT
Northwestern          6,276,150      6,276,150        GLPT
  Mutual Life
Northwestern          6,525,752      6,525,752        GLPT
  Mutual Life
Pacific Life          6,073,022      6,133,752        GLPT
Penn Mutual Life      6,103,829      6,164,867        GLPT
Phoenix Life          5,789,254      5,789,254        GLPT
Phoenix Life          5,568,294      5,568,294        GLPT
Sun Life Financial    5,798,144      5,798,144        GLPT
Transamerica          5,080,197      5,283,405        CVAT
  Occidental Life

                                                             Minimum
                                                 Minimum     Premium
                                                 Premium     Carry to
                     Min Premium                 to Endow    Maturity
Company                to Endow                  Current      @10%
                     @10% Current   In Years    Thereafter    Current

AIG American           7,548        All years         N/A     6,425
  General Life
AXA Equitable
ING "Reliastar           N/A *            N/A         N/A       N/A
  Life"
ING "Security          8,795        All years         N/A     8,298
  Life of Denver"
John Hancock Life      7,810        All years         N/A     7,807
John Hancock Life      8,102        All years         N/A     8,101
Lincoln National       9,229        All years         N/A     9,229
  Life
Massachusetts         18,580        All years         N/A    18,545
  Mutual Life
Massachusetts          9,037        All years         N/A     8,508
  Mutual Life
Metlife
Metlife                8,071        All years         N/A     7,264
Midland National       9,770             1-5        8,687     9,770
  Life
National Life         10,000             1-5        6,692    10,000
Nationwide Life       11,119        All years         N/A    10,529
Nationwide Life        8,159        All years         N/A     7,606
New York Life         11,663                1       8,485    11,663 *
Northwestern           8,117        All years         N/A     7,652
  Mutual Life
Northwestern           7,801 *      All years         N/A     7,801 *
  Mutual Life
Pacific Life           6,507        All years         N/A     5,928
Penn Mutual Life       8,159        All years         N/A     7,452
Phoenix Life           7,877        All years         N/A     6,957
Phoenix Life           8,771        All years         N/A     7,935
Sun Life Financial     8,244        all years         N/A     7,102

Transamerica           8,098        All years         N/A     7,722
  Occidental Life

                                    Minimum               Current
                                  Premium to              Target
                                 Carry Current            Premium
Company              In Years     Thereafter     To Age     @10%

AIG American         All years          N/A        100    28,644
  General Life
AXA Equitable        All years          N/A        100    20,094
ING "Reliastar             N/A          N/A        100    16,003
  Life"
ING "Security        All years          N/A        100    14,070
  Life of Denver"
John Hancock Life    All years          N/A        121    19,865
John Hancock Life    All years          N/A        121    20,148
Lincoln National     All years          N/A        121    21,740
  Life
Massachusetts        All years          N/A        100    10,470
  Mutual Life
Massachusetts        All years          N/A        100    16,530
  Mutual Life
Metlife              All years          N/A        100    16,268
Metlife              All years          N/A        100    18,346
Midland National          1-5         7,927        100    19,230
  Life
National Life             1-5         5,876        100    20,000
Nationwide Life      All years          N/A        100    20,791
Nationwide Life      All years          N/A        100    19,148
New York Life                1        7,574        100    21,207
Northwestern         All years          N/A        N/R    26,790
  Mutual Life
Northwestern         All years          N/A        121    22,190
  Mutual Life
Pacific Life         All years          N/A        100    20,000 *
Penn Mutual Life     All years          N/A        100    19,890
Phoenix Life         All years          N/A        100    22,099
Phoenix Life         All years          N/A        100    25,655
Sun Life Financial   All yeas           N/A        100    17,040
Transamerica         All years          N/A        100    15,810
  Occidental Life

                                 Max Period     Premium
                       Current     for DB/     Required for
                       10-Pay     Premium     Max DB/Prem
Company               Premium    Guarantees    Guarantee

AIG American          11,363       5 years         6,209
  General Life
AXA Equitable         10,516      20 years        20,094
ING "Reliastar           N/A      Lifetime        29,949
  Life"
ING "Security         13,344      Lifetime        26,779
  Life of Denver"
John Hancock Life     12,533      15 years         5,311
John Hancock Life     13,107      Lifetime        11,358
Lincoln National      15,059      Lifetime        12,355
  Life
Massachusetts         28,615      Lifetime        10,465
  Mutual Life
Massachusetts         13,703      Lifetime        28,427
  Mutual Life
Metlife               13,179       Age 100        31,911

Metlife               13,244      20 years        11,708
Midland National      13,874       5 years         9,770
  Life
National Life         12,369      Lifetime        24,253
Nationwide Life       16,636       Younger        29,201
                                  insureds
                                    age 75
Nationwide Life       12,641       Younger         6,484
                                  insureds
                                    age 75
New York Life         14,891       Age 100        26,552
Northwestern          12,657          None           N/A
  Mutual Life
Northwestern          12,940 *        None           N/A
  Mutual Life
Pacific Life          10,807      10 years         4,931

Penn Mutual Life      12,282       Age 100        23,070
Phoenix Life          13,480          None           N/A
Phoenix Life          14,757       Age 100        25,641
Sun Life Financial    11,690      20 years           N/A
Transamerica          12,261      20 years        15,276
  Occidental Life

* Class represents at least 15% of policies issued.

(^) Averaging method may vary between weighted and numeric averaging
method. Current 05/01/08.

(^^) All Values Age of Younger Insured.

Illustration Footnote & Clarification

ING "Reliastar      Variable Accumu-       Designed to perform best
  Life"               lation Design        heavily funded, not in an
                                           endow scenario. Product
                                           blended 60/40 to achieve
                                           a level premium stream.

John Hancock Life   Protection SVUL        A subaccount must be
                                           selected to run an SVUL
                                           illustration; illustra-
                                           tions were run using
                                           Lifestyle Balanced (mgt
                                           fee of 0.88%).

Lincoln National    SVUL ONE 2007          Benefit Selection notion
  Life                                     illustrated at 0%.
                                           Guaranteed Minimum
                                           Death Benefit (GMDB)
                                           illustrated at 100%.

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

New York Life       NYLIAC SVUL            Carry scenarios were run
                      Accumulator          without continuation of
                                           coverage rider.

Northwestern        Variable Joint Life    Premiums are paid to
  Mutual Life                              younger age 95 with
                                           maturity at younger age
                                           100. Minimum initial
                                           annual premium is
                                           $3,953 (year 1).

Northwestern        Survivorship VUL       Minimum premium payable
  Mutual Life                              to younger age 100, to
                                           endow at maturity age
                                           121; ten-Pay premium
                                           to carry the policy to
                                           maturity age 121.

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

[] FULL DISCLOSURE Survivorship Life Report

SURVIVORSHIP WHOLE LIFE INSURANCE ILLUSTRATED VALUES (ON 05/1/08)

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

100% Base Policy

                                                     Current    Guar
                                                      Accum     Accum
                                           Annual     Value     Value
Company         Policy Name                Premium   Year 20   Year 20

Guardian Life   EstateGuard [R] Whole
                 Life                       19,790   590,832   444,840
Massachusetts   Survivorship  Whole Life    25,580   777,304   502,880
  Mutual Life
Massachusetts   Survivorship Whole Life
  Mutual Life     Protector                 18,110   531,432   502,880
New York Life   Survivorship Whole Life     24,810   833,292   519,070
Northwestern
  Mutual Life   Joint CompLife              26,950   963,515   601,210

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

Guardian Life   1,210,618   1,172,934    4.09%     670,870   1,619,026
Massachusetts
  Mutual Life   1,393,501   1,754,506    4.91%     748,300   2,188,273
Massachusetts
  Mutual Life   1,040,941   1,097,808    4.22%     748,300   1,412,750
New York Life   1,390,088   1,796,487    5.21%     726,120   2,185,780
Northwestern
  Mutual Life   1,475,248   2,179,691    5.81%     802,690   2,560,483

                IRR on                          Current    Guar
                Current    Total                 Accum     Accum
                  DB      Premiums    Annual     Value     Value
Company         Year 30   Year 30     Premium   Year 20   Year 20

Guardian Life    5.87%     593,700     13,156   395,934   222,420
Massachusetts
  Mutual Life    6.11%     767,400     13,042   358,401   251,440
Massachusetts
  Mutual Life    5.61%     543,300     11,827   354,670   251,440
New York Life    6.27%     744,300     12,630   404,519   262,761
Northwestern
  Mutual Life    6.67%     808,500     14,205   488,929   300,605

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

Guardian Life    1,000,000     758,863    3.94%    335,435   1,000,000
Massachusetts
  Mutual Life    1,000,000     655,708    3.15%    374,150   1,000,000
Massachusetts
  Mutual Life    1,000,000     645,527    3.62%    374,150   1,000,000
New York Life    1,000,248     845,731    4.77%    368,710   1,031,998
Northwestern
  Mutual Life    1,000,000   1,087,411    5.51%    401,345   1,277,483

                 IRR on
                 Current     Total
                   DB      Premiums
Company          Year 30    Year 30

Guardian Life     5.47%     394,665
Massachusetts
  Mutual Life     5.52%     391,261
Massachusetts
  Mutual Life     6.05%     354,816
New York Life     5.86%     378,900
Northwestern
  Mutual Life     6.38%     426,150

* Class represents at least 15% of policies issued.

[] FULL DISCLOSURE Survivorship Life Report

SURVIVORSHIP UL LIFETIME/AGE 100
MINIMUM GUARANTEED PREMIUMS (AS OF 05/1/08)

Premiums Payable to Younger Insured Age 100 $1,000,000 Policy;
Standard NonTobacco Class--Annual Premium

                                                      Guarantee
Company                     Policy Name                Period

AIG American General Life   Platinum Protector        Lifetime
                              Survivor G
AIG American General Life   Elite Survivor G          Lifetime
Allianz Life                Gen Dex Survivorship      Lifetime
Ameritas Life (UNIFI Co.)   Excel Secondary           Lifetime
                              Guarantee SUL
Aviva Life                  Indexed SUL               Lifetime
Aviva--Bankers Life of NY   Indexed SUL               Lifetime
Aviva--Indianapolis Life    Indexed SUL               Lifetime
AXA Equitable Life          Athena SUL III            Age 100
Genworth Life               Lifetime Provider         Lifetime
                              (SM) SUL
ING "Security               ING SUL-GDB               Lifetime
  Life of Denver"
John Hancock USA            Protection SUL-G          Lifetime
Lincoln Benefit Life        Legacy Secure SL 2008     Lifetime
Lincoln National            Lincoln LifeGuarantee     Lifetime
                              SUL
Massachusetts Mutual Life   SUL Guard(SM)             Lifetime
Metlife Investors           Legacy Advantage SUL      Lifetime
Midland National Life       Survivorship              Age 100
                              Innovation UL
Nationwide Life             Nationwide YourLife SUL   Lifetime
New York Life               SUL Lifetime Guarantee    Age 121
Pacific Life                Pacific Estate            Lifetime
                              Preserver III
Penn Mutual Life            Estate Protection         Age 121
                              For Life
Phoenix Life                Survivorship UL           Lifetime
                              with Guarantee
Principal Life              Survivorship UL           Lifetime
                              Protector
Protective Life             Survivor Select UL III    Lifetime
Prudential Financial        Prulife SUL Protector     lifetime
Sun Life Financial          Sun Survivorship LP3      Lifetime
Transamerica                TransACE Survivor         Lifetime
  Occidental Life             New York
Transamerica                TransAceSurvivor 2008     Lifetime
  Occidental Life
US Life of NY (AIG Co.)     Survivorship Premier      Age 100

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

AIG American General Life    9,680    18,452    29,624
AIG American General Life    9,973    18,640    31,043
Allianz Life                10,762    26,060       N/A
Ameritas Life (UNIFI Co.)    9,751    20,868    31,657
Aviva Life                  10,530    22,970    31,091
Aviva--Bankers Life of NY   10,530    22,970    31,091
Aviva--Indianapolis Life    10,530    22,970    31,091
AXA Equitable Life           9,400    20,187    31,993
Genworth Life                9,435    19,537    32,269
ING "Security                9,501    18,489    29,396
  Life of Denver"
John Hancock USA            11,203    24,371    35,727
Lincoln Benefit Life         9,462    19,516    28,670
Lincoln National             9,333    18,686    27,219
Massachusetts Mutual Life    9,678    19,720    33,835
Metlife Investors            9,335    19,294    30,018
Midland National Life       10,169    19,764    31,852
Nationwide Life              9,663    21,857    37,177
New York Life                9,600    20,015    30,758
Pacific Life                 9,195    20,242       N/A *
Penn Mutual Life             9,521    19,397    27,542
Phoenix Life                 9,153    18,956    30,661
Principal Life               9,821    18,082    27,976
Protective Life              8,975    20,248    32,073
Prudential Financial         9,329    19,408    30,970
Sun Life Financial           9,020    19,480    29,079
Transamerica                11,220    21,723    34,188
  Occidental Life
Transamerica                 8,898    18,373    27,575
  Occidental Life
US Life of NY (AIG Co.)      9,974    18,640    31,043

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

AIG American General Life   Standard NonTobacco         100
AIG American General Life   Standard NonTobacco         100
Allianz Life                    Non Tobacco             100
Ameritas Life (UNIFI Co.)       Non Tobacco             121
Aviva Life                      Non Tobacco             121
Aviva--Bankers Life of NY       Non Tobacco             121
Aviva--Indianapolis Life        Non Tobacco             121
AXA Equitable Life          Standard NonTobacco         100
Genworth Life               Standard No Nicotine        100
ING "Security               Standard No Tobacco         121
  Life of Denver"
John Hancock USA             Standard NonSmoker         121
Lincoln Benefit Life         Standard NonSmoker         121
Lincoln National            Standard NonTobacco         121
Massachusetts Mutual Life       Non Tobacco             100
Metlife Investors            Standard NonSmoker         120
Midland National Life            NonSmoker              100
Nationwide Life                  NonTobacco             100
New York Life                    Non Smoker             121
Pacific Life                 Standard NonSmoker         121
Penn Mutual Life            Standard NonTobacco         121
Phoenix Life                 Standard NonSmoker         121
Principal Life              Standard NonTobacco         121
Protective Life                  NonTobacco             100
Prudential Financial           NonSmoker Plus           121
Sun Life Financial          Standard NonTobacco         100
Transamerica                Standard Nonsmoker          100
  Occidental Life
Transamerica                Standard Nonsmoker          111
  Occidental Life
US Life of NY (AIG Co.)     Standard NonTobacco         100

Illustration Footnote & Clarification

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

AIG American     Elite Survivor G       Continuation of Coverage
  General Life                          Rider is automatically
                                        included in this product.
                                        All illustration scenarios
                                        will reflect this.

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

Pacific Life     Pacific Estate         NLG rider not available for
                   Preserver III        Age 75

US Life of NY    Survivorship Premier   Guaranteed Death Benefit
  (AIG Co.)                             Rider available only in NY.

[] FULL DISCLOSURE Survivorship Life Report

SURVIVORSHIP VL LIFETIME/AGE 100
MINIMUM GUARANTEED PREMIUMS (AS OF 05/1/08)

Premiums Payable to Younger Insured Age 100

$1,000,000 Policy; Standard NonTobacco Class--Annual Premium

                                                   Guarantee
Company                 Policy Name                Period

ING "Reliastar Life"    Variable Accumulation      Lifetime
                          Design
ING "Security Life      Variable Survivorship      Lifetime
  of Denver"              Universal Life
John Hancock Life       Protection SVUL            Lifetime
Lincoln National Life   SVUL ONE 2007              Lifetime
Massachusetts Mutual    Survivorship VUL           Lifetime
  Life                    Guard (SM)
Massachusetts Mutual    Survivorship VUL II        Lifetime
  Life
Metlife                 New England Financial      Age 100
                          Zenith SL 2002
Midland National Life   Survivorship VUL           Lifetime
National Life           Sentinel Estate Provider   Lifetime
New York Life           NYLIAC SVUL Accumulator    Age 100
Phoenix Life            Phoenix Edge SVUL          Age 100

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

ING "Reliastar Life"        22,945          49,420          77,060
ING "Security Life          20,677          43,318          66,084
  of Denver"
John Hancock Life           11,625          23,622          42,598
Lincoln National Life       11,884          25,263          46,221
Massachusetts Mutual        10,080          20,112          31,527
  Life
Massachusetts Mutual        21,872          46,038          70,440
  Life
Metlife                     24,719          51,057          77,869 *
Midland National Life       20,233          43,523             N/A *
National Life               18,649          39,285          59,941
New York Life               20,579          41,700          62,561
Phoenix Life                21,857          37,658          53,046

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

ING "Reliastar Life"    Standard No Tobacco        100
ING "Security Life      Nonsmoker Standard         100
  of Denver"
John Hancock Life       Standard NonSmoker         121
Lincoln National Life   Standard NonTobacco        121
Massachusetts Mutual        NonTobacco             100
  Life
Massachusetts Mutual        NonTobacco             100
  Life
Metlife                 Nonsmoker Standard         100
Midland National Life        NonSmoker             100
National Life                NonSmoker             100
New York Life                NonSmoker             100
Phoenix Life                 NonSmoker             100

Illustration Footnote & Clarification

ING "Reliastar Life"    Variable Accumulation    Lifetime death benefit
                          Design                 guarantee premiums are
                                                 based on 100% base
                                                 face amount.

Lincoln National Life   SVUL ONE 2007            BSO 0%; GMDB 100%.

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

Midland National Life   Survivorship VUL         Maximum individual
                                                 age for this product
                                                 is 75
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Article Details
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Title Annotation:POLICY ANALYSIS
Author:Blease, Roger L.
Publication:National Underwriter Life & Health
Article Type:Statistical data
Geographic Code:1USA
Date:Aug 11, 2008
Words:8748
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