Master Choice EIUL Master Choice EIUL The Industrys

Master. Choice EIUL

Master. Choice EIUL The Industry’s Best Equity Indexed Universal Life – No Lapse Premium Guarantee to Age 100 – 15 Year Minimum Death Benefit Guarantee – Outstanding Cash Accumulation – Liberal “Catch-Up” Provision – Two Years to Collect First Year Commission

Master. Choice EIUL The Industry’s Best Equity Indexed Universal Life – Extended Maturity Option – Unbeatable Liquidity with Surrender Charge Waiver – Current Illustrative Rates • 9. 91% on Indexed Account • 5% on Fixed Account – 100% Participation Rate Guarantee

Master. Choice EIUL The Industry’s Best Equity Indexed Universal Life – 17% Current Cap Rate with 3% Minimum Guarantee Cap Rate – Point-To-Point Annual Reset – Ultimate Flexibility – choice between Indexed Account (S&P 500) and Fixed Account Options – Simple Underwriting Guidelines – Liberal Preferred Underwriting Requirements

Master. Choice EIUL • Issue ages: 0 - 85 (age last birthday) • Minimum Face Amount: $100, 000 • Maximum Face Amount: None • Four Premium Classes – Preferred Nontobacco - 24 months – Nontobacco - 12 months – Preferred Tobacco – Tobacco

Master. Choice EIUL • Guaranteed interest rate: 1% • Current illustrative interest rates – Equity Indexed Account: 9. 91%* – Fixed Account: 5% (guaranteed for 1 st policy year) • Surrender charge period: 15 Years * Based upon last 15 Years Performance of S&P 500

Master. Choice EIUL • Withdrawals and partial surrenders permitted after first year ($500 minimum with a $25 charge) • “Low Cost” policy loans for 1 st 10 policy years (2% net cost) • “No Cost” policy loans available after 10 th year

Current Illustrative Rate Year 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 S&P 500 Growth 23. 51% 4. 40% 13. 40% 10. 53% 8. 08% 2. 48% 17. 13% 25. 96% 28. 82% 24. 53% 22. 55% 7. 68% -14. 53% -17. 70% -6. 30% Index Allocation 17. 00% 4. 40% 13. 40% 10. 53% 8. 08% 2. 48% 17. 00% 7. 68% 1. 00% Fixed Allocation 5. 00% 5. 00%

Allocation Dates • Maximum of 4 purchase option dates per year – – February 15 th May 15 th August 15 th November 15 th • Premiums received prior to purchase option dates will earn a 5% fixed interest rate in a “short-term” account until the next allocation date • Premiums must be received 2 business days prior to the next allocation date

Master. Choice EIUL Age 100 Death Benefit Guarantee • Target premium GUARANTEES the death benefit to age 100 at all issue ages Target – Age 35 – Age 45 – Age 55 – Age 65 Male (PNT) $ 7. 08 $13. 20 $18. 84 $30. 96 Female (PNT) $ 5. 64 $10. 56 $15. 48 $26. 40

Master. Choice EIUL 15 Year Minimum Death Benefit Guarantee • Minimum premium guarantees the death benefit for 15 years Minimum Age 35 Age 45 Age 55 Age 65 Male (PNT) $ 3. 60 $ 6. 60 $11. 40 $26. 64 Female (PNT) $ 2. 88 $ 5. 28 $ 9. 00 $19. 20

Master. Choice EIUL Two years to collect first year target and get paid first year commission!

Master. Choice EIUL Example: Male – 45 – PNT - $100, 000 Target premium - $1, 320 Client pays $660 per year for 15 years of guaranteed death benefit and 43 years of coverage on a current illustrative interest rate of 9. 91% Agent receives commission as follows: First year commission rate X $660 in 1 st year First year commission rate X $660 in 2 nd year Total commission is two times the first year premium

Master. Choice EIUL “Catch Up” Provision • • • At the end of the 10 th policy year and every 5 policy years thereafter, policyholder has right to pay any missed target premiums from prior years By doing this, the No-Lapse Guarantee will not be forfeited Allows policyholder to pay premiums they can afford now and “catch up” target premiums to keep no lapse protection in effect

Master. Choice EIUL Surrender Charge Waiver • No surrender charge will be applied to all premiums paid in excess of target premium in any policy year minus a 5% premium load • Exceptional Liquidity for 1035 Exchanges and Over Funded Sales Example: – Target premium is $1, 320 with a 1035 Exchange of $10, 000. The guaranteed surrender value in the first year is $9, 603. 18

Master. Choice EIUL Extended Maturity Provision • $1 of cash value at age 100 will maintains the death benefit beyond age 100 with no further premiums Example – Face amount is $1, 000 at issue and has not been reduced for the life of the contract. If there is at least $1 of cash at age 100, the $1, 000 death benefit will remain in force for lifetime.

Master. Choice EIUL Ultimate Flexibility in Choice • Option to allocate premium payments between an Indexed Account and a Fixed Account • Option to choose percentage of allocation between accounts as long as percentage totals 100% • Allocation percentages between Indexed and Fixed Accounts can be changed on policy anniversary • Policyholder must give company notification of any percentage changes at least 30 days prior to policy anniversary

Master. Choice EIUL Outstanding Features • • • 100% Guaranteed Participation Rate Point-To-Point Annual Reset 17% Current Cap Rate 3% Minimum Guaranteed Cap Rate 1% Minimum Guaranteed Interest Rate Index Gains Linked to S&P 500

Master. Choice EIUL Simple Underwriting Guidelines • No Blood (Exam and HOS Only) – through age 40 and $500, 000 – through age 50 and $250, 000 • Only four underwriting bands • Easier for client to qualify for best rates

Master. Choice EIUL Liberal Underwriting Requirements • Liberal Height & Weight Chart • Liberal Blood Pressure Readings – 150/90 age 50 and younger – 160/95 ages 51 + (blood pressure treatment allowed if controlled over last 2 years)

Master. Choice EIUL Liberal Underwriting Requirements (cont. ) • Cholesterol Readings – 260 age 50 and younger – 280 ages 51 to 65 – 300 over age 65 – Cholesterol/HDL ratio cannot exceed 7. 0 (Cholesterol treatment allowed if controlled over last 2 years)

Master. Choice EIUL Available Riders • • • Accelerated Death Benefit Accidental Death Benefit Child’s Level Term Insurance Disability Income Waiver Of Monthly Deduction Ultimate Income

Master. Choice EIUL Summary With Master. Choice EIUL you have: – an EIUL that provides upside growth potential with downside protection – an EIUL that provides lapse protection with death benefit guarantees – an EIUL that offers ultimate flexibility with choice between Indexed and Fixed Account Options – an EIUL that pays the agent for their hard work – an EIUL that benefits the client when excess premiums are paid – an EIUL that extends death benefit for lifetime with only $1 of cash value

Special Program

Master. Choice EIUL • Full Commissions! • Non-Medical – No Medical Examination – No Blood – No HOS • Any fully-underwritten term or UL issued in last 5 years* *consult ineligible carrier list

Master. Choice EIUL The Hottest EIUL Product in America is Sizzling! • Term or UL to Master. Choice Exchange – Up through age 60 – Face amounts from $100, 000 to $500, 000 • Draft Initial Premium • Preferred Class Available

Master. Choice EIUL Simple Process • Complete life application • Attached original policy and photocopy of app & medical exam • Complete transfer of ownership form • Complete exchange transmittal • Draft Initial Premium or PAC if requested • Replacement forms when needed

Master. Choice EIUL Ineligible Carrier List • Fidelity & Guaranty Life and Americom Life • Empire General • Guaranteed Trust • Lincoln Benefit • Manhattan National • The Midland • Merit Life • State Life • United of Omaha • U. S. Financial

Master. Choice EIUL Questions and Answers