QoL Max Accumulator + IUL Product Notes

Product Purpose:
The product will emphasize solid long-term CV accumulation plus multiple options to optimize tax-advantaged income distribution.

KEY BENEFITS:

·  Four index account options for interest crediting: High Cap Rate and Core Cap Rate accounts using S&P 500, Blend Participation Rate account using ML Strategic Balanced, and Participation Rate account using S&P 500

·  Guaranteed indexed interest of 0.25% on Core Cap account and 0.00% on High Cap, Blend Participation, and Participation Rate accounts

·  Guaranteed interest rate of 2.0% for the Declared Interest account

·  Account Value Enhancement Feature: Add a persistency bonus feature for all interest crediting accounts beginning in year 6. The guaranteed bonus rate is 0.25%

·  QoL SelectChoice II Accelerated Death Benefit Riders for Critical, Chronic and Terminal Illness are three valuable riders automatically included at no additional premium cost that allow access to all or a portion of the QoL Guarantee Plus II policy death benefit if a qualifying critical, chronic or terminal illness or condition is met.

Policy Type:
Max Accumulator+ IUL is a Fixed Index Flexible Premium Universal Life Policy.
Index Interest Accounts

Index with Blend Participation
Annual Point-to-Point Fixed Index Interest Account with Participation Rate Rider, each Participation Rate Account will have duration of one year. The Participation Rate is the percentage of the annual increase in the ML Strategic Balanced Index that will be used to calculate Index Interest. The ML Strategic Balanced Index is an index that tracks the performance of an investment strategy that rebalances a portfolio containing the S&P 500 Index and the Merrill Lynch 10-year U.S. Treasury Futures Total Return Index.

Index with Participation
Annual Point-to-Point Fixed Index Interest Account with Participation Rate Rider, each Participation Rate Account will have duration of one year. The Participation Rate is the percentage of the annual increase in the S&P 500that will be used to calculate Index Interest.

Index with Cap
Annual Point-to-Point Fixed Index Interest Account with Index Cap Rider, each Index Cap Account will have duration of one year. The Index Cap limits the amount of interest that can be credited to the Account. Index Interest will vary year to year, depending upon the Index Caps and changes in the S&P 500. Both High Cap and Core Cap Index Account options are available.

Issue Ages:
18-80 - Preferred Plus, Preferred Non-Tobacco, Preferred Tobacco, Standard Non-Tobacco, Substandard Non-Tobacco/Special
0- 80 - Standard Tobacco, Substandard Tobacco/Special


UNDERWRITING CLASSES
Preferred Plus: Exceptional mortality risk and a non-user of tobacco and other products that contain nicotine.
Preferred Non-Tobacco: Significantly better than average mortality risk and a non-user of tobacco and other products that contain nicotine.
Preferred Tobacco: Significantly better than average mortality risk and a user of tobacco or other products that contain nicotine.
Standard Non-Tobacco: Average mortality risk and a non-user of tobacco and other products that contain nicotine.
Standard Tobacco: Average mortality risk and a user of tobacco or other products that contain nicotine.
Juvenile: Average mortality risk and age 17 or younger.
Substandard Non-Tobacco/Special: Average mortality risk, is a non-user of tobacco and other products that contain nicotine, and an extra charge due to the Insured's health, occupation, or avocation.
Substandard Tobacco/Special: Average mortality risk, is a user of tobacco or other products that contain nicotine, and an extra charge due to the Insured's health, occupation, or avocation.
Juvenile/Special: Average mortality risk, age 17 or younger, and an extra charge due to the Insured's health, occupation, or avocation.
Death Benefit:
Minimum Death Benefit: $50,000
Riders:

QoL SelectChoice II ABRs for Critical, Chronic, and Terminal Illnesses
Income for Life

Select Income Rider

Accelerated Access Solution

Overloan Protection Rider
Terminal Illness Rider (N/A in NY)
Waiver of Monthly Deduction (NA in CA)

Waiver of Specified Premium
Accidental Death Benefit
Child Insurance Benefit
Spouse/Other Insured Term Rider (N/A in NY)