‘Summary of Combination of 2 Policies Policy 1: Cedarwood 7702\g); $500,006,368 intial Investment; Subsequent annual premium to fund Cost of insurance Policy 2: Kingswood 7702(a); $500,062,000 Total Investment; Single Pay Premium Combined Friction Cost at Average LE (Year 45): 99 bps Ties” | tomo [any | “poe” | “vaue®” | ancontersTanew) | “Poy [wouorany | "onan | naan rau Mortality’ Amount (45% Tax Rate) (Mo Mortality) Mortality" ; 4 | 4043,162518 | 1,045,695624 [4.474.112 | 1,046,808.795 [1,047.966,709 1,872,408 3,990.140,955] 3,925.738,598 | 4,396,827 | 1,192,846,962 1,188,288. 706 1,903,185 1,192,453,153 1,142,884,966 1,440,587 3,916,106,830 4,963,875 1,273,027 367 1,266,775.664 1,703,613 1,272,627,160 1,193,530,445, 1,597,415 . 3,910.839,680 5,260,079 1,359,072422 1,350,471,053 1,924,421 1,358,713,236 1,246,425,692 1,764,915 3, 3,905,266,755 5,565,005, 1,453,350,612 1,441,03311 2.206,173 1,452,754,323 1,301,515,906 1,975,689 2.573.174.1354 2,552.976,665 3,906,054 1,$56,308.872 1,541,540.689 2543,542 1,866,370,928 1,366,908,561 2,220,929 1,146,680,626 1,136,802,893 1,874,075 1,666,583,148 1,647,819.208 2.949.596 1,666,207,574 1,418,839,516 2,811,127 1,165,502,028 1,182,379,311 2,062,759 1,784,689.650 1,761, 137.734 3,451,830 1,782,743,018 1,481,422,886 2,865,269 1,181,496,835 1,165,904,402 2,285,173 1,911,166,532 1,881 ,881.930 4.055.456 1,906,493,302 1,546,777,259 3,282,226 1,194,169, 786 1,175,870,678 2,594,001 2.:046,612446 2.,010,487.212 4,754,802 2,043,024 ,266 1,615.025,390 3,752,110 1,202.995,674 1,169,759,897 2,794,862 2.191,639,664 2.147,268.802 $872,422 2,186,903,930 1,686.297,847 4,287,540 1,198,925, 626 3,08e.237 2.:346,966.319 2.293,086.132 6.485,037 2,340,822,107 1, 760,725,585 4,842,643 1,202.299,967 aae447e 2.513,361,165 2,448,222.008 TAB ANS 2,505,476,479 1,838,447,203 5,426,106 1,206,404,398 3.655.405, 2.691,595.902 2.613,225.915 6.584,447 2,681,584,029 1,979,609,861 6,122,289 F 1,205,607,509 3,960,421 2,882,507, 02 2.788,576.357 9.960,160 2,869,911,389 2,004.366,824 6,992,076 1,199,242,597 4,287 292 3.087,028.429 2.974,698.474 11,690,565 3,071,202,812 2,062,875,866 7,925,670 ef 1,171 ,561,334 4,604.236 3.306,134.860 3,171,962.531 13,782,208 (3,286,629,767 2,186,903,248 9,109,831 5 1,134,866,568 4,920,995 3.540,909,702 3.380,904.633 16,262,151 3,516,848,059 2,281,820,238 10,479,519 . 1,068,186,071 5,234,175 4.062,259.468 3.835,060.573 4,026,109,118 2,487,841,516 13,951,119 5,706,126 4.351,166.950 4,080, 768.568 4,307,095,110 2,897,744,635 16,042,899 1,000,810,488 6,180,718 4,.660,721289 4,339,840.152 4,607,156,541 2,712,514,365 18,234,459 976.935, 782 6,867,312 4.992.520.3646 4,611,962.519 4,927,593,976 2,892.358,848, 20,564,938 945,056,671 6,861,785 5.348,246.919 4.898,291.689 5,269,750,748 2,957,497,430 23,185,751 904,181,324 7,068,487 5.729,699.276 5,198,509.454 5,695,022,745 3,068,159,599 26,252,691 853.211,263 7,253,242 6,138,233.013 6.511,791,628 6,024,338,075 3,224.624,076 29,851,863 (861,601,263 7,883,708 6575,772283 $.837,602.698 6,439,074,732 3,267,149,798 33,985,242 (845.616,637 8,536,007 7,044,442 569 6,175,518.632 6,880,711,174 3,516,003,021 38,557,310 834,682,466 9,153,390 6.084,657.991 6,885,719.488 103,216,935 7,851,014,084 3,633,803,253 48,940,961 796,383,945 677,366,115 10,153,718 8.660,812348 7.256,266.315 118,351,338 8,382,485,208 4,003.375,336 $4,699,023 807,968,889 676,863,779 11,009,648 9.277,737,096 7,638,831,900 126,306,941 8,946,806,965 4,180,498,168 60,967,389 618,417,391 673,471,184 11,903,909 9.938,350.068 8.022,705.251 154.236,506 9,545,599,728 4,365,508,148 67,733,753 826,388,791 666,951,361 12,822,332 10,645, 749.127 8.414,816.030 175,743,433 10,180,461,297 4,558.758,738 75,234,801 831,500,456 657,076,288 13,723,038 11,403,205. 706 8,808,871.400 200,710,135 10,852,915,193 4,760,622,521 89,760,757 833,321,967 643,517,528 14,662,547 12.215,625,375 9.201,066.132 (220,440,426 11,865,477,278 4,971,393,570 93,737,112 772,168,269 581,365,540 14,860,300 13,087,408,898 9,586,731,348 (264,737,586 12,319,925,654 5,191,437,601 104,960,213 696,726,845 611,861,922 14,126,506 14,023,578.928 9,962,315,.757, 302,406,096 13,116, 176,706 5,421,115,951 116,610,621 611,561,865 434,154,127 13,178,749 15,029,707,096 10,323,452,741 343,977 445 13,962, 149,019 5,660,793,426 129,428,057 509,046,868 349,H5,154 11,640,181 16,112,022,514 10,664,870,793 f 14,853, 737,356 5,910.833,904 142,921,358 389,329,093 257,421,654 9,415,197 17.270,861,203 10,976,083,022 15,790,391,362 6,172,069,002 187,415,847 416,822,710 264,532,758 10,632,894 18,511,290.241 11,267,687.289 16,772,385,239 6,444.966,110 173,212,783 446,165,874 270,619,140 11,963,840 19,838,641.765 11,469,628,952 c 17,799,624,895, 6,730,142,963 190,178,070 477 461 226 275,428,428 13,495,993 21.258,564.563 11,632,882.938 i 18,871,692,156 7,028.166,852 207,768,989 510,815,079 276,721,22¢ 15, 106,690 (22.776,858.413 114,723, 760.283 19,987, 140,572 7,339,668,682 226,577 369 546,328,372 280,175,705 16,873,582 24,399,602 442 11,729,927,081 21,143, 739,611 7,665,317,060 246,884,326 $84,101,684 279,490,879 18, 748.248 (26,133,436,402 11,646,368,739 22,339,819,938 8,005,802,170 263,245,169 624.247,382 276,549,978 20,860,429 (27,985,233,372 11,468,217,325 949,311,278 23,573,502,095 8,361,861,517 276,880,656 666,875,109 273,241,507 22,263,503 (29,961, 968,183 11,189, 183,386 1,095,026,771 (24,842,127,457, 8,734.292,648 292,741,938 712,081,617 263,423,035 23,896.421 32,071 ,067,645 10,809,619,617 1,060.711,796 26,144,204,943 9,123,932,787 303,323,572 759,966,069 253,113,609 25,305,033 34,319, 787,307 10,226,908,804 27,476,355,989 9,831,701,805 311,363,030 810,602,346 (240,265,347 26,631,301 36,715,400.312 9,738,422 803 .t 9,968,599,322 316,206,621 (864,039,189 (224,886,377 27,612,599 39.265,962.655 9,057,514.075 E i It 10,405,649,816 315,983,111 920,339,564 207,341,447 27,961,765 41,980, 191,835 8.306,211.873 228, F t 10,873,915,965 307,691 667 979,577,296 188,201,346 27,826.510 44.869,258,659 7.526,572.856 198.4 . z 11,364.388,060 291,195,479 1,041,915,093 168,463,726 26,627.649 47,984,123,183 6,747,884.521 11,B75,445,940 270,118,113 887,512,291 119,192,968 20,310,480 61,347,620,934 6,962, 716.917 36,100,912,317 12,407 ,564,068 249,015,514 708,712,894 77,869,154 14,361,778 ‘54,987,621,424 5.174,520.388 37,676,021,189 12,960,994,902 226,494,704 506.298,342 44,374,900 6,912,033 58,939, 197,689 4,391,990,744 ‘ 39,291,356,505 13,535,705,429 202,026,503 270,358,492 18,555,923 4,080,076 63.244,364.937 3.638,328.504 ! 40,945, 737,533 14,931,276,467 174,863,900 67,864, 140.870 2.937,493.433 78, 42,648, 179,267 14,783,052,632 146,223,815 2.325, 176.599 44,423,637,371 15,402,186,48 117,492,026 1,814,696,561 46,289, 701,002 16,079,883,174 H473,207 NAAR = Net Amount At Risk Assumes 8% Annual Retum on Cash Value Sased on pool of 3Syearalds ™ Based on 2001 CSO M/F Ultimate Mortality Table 100% mortality of remaining pool at age 100 ® Sum of: Cash Value Assuming Mortality + Cash Value Payout af current year + Cash Value Payout of prior years grown at 4.4% (8.0% return with 45% tax rate) EFTA00296134

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Policy Initial Upfront Investment / Year = Investment Costs IssueFee DACTax Net Premium Premium 1 500,006,368 5,750,000 255,000 3,483,911 490,517,457 (503,737,530) 2 . (309,625) 3 (322,984) 4 . (343,430) 5 . (363,696) 6 . (237,055) 7 (120,635) 8 : (133,131) 9 d (147,923) 10 . (164,527) "1 . (181,927) 12 . (202,146) 13 . (221,212) 4 . (239,169) 15 . (259,580) 16 . {281,713} 7 . (303,535) 18 . (326,489) 19 . (348,321) 20 : (368,787) 21 {384,617} 22 . (419,628) 23 : (449,192) 24 : (473,047) 25 . (483,096) 26 . (509,649) 27 . (560,780) 28 - (615,194) 2 . (669,188) 30 . (720,429) n . (766,056) 32 . (847,452) 33 od (933,254) cy - (1,023,046) 35 - (1,118,996) 6 - (1,224,520) 7 : (1,248,715) we . (1,247,610) 39 : (1,202,199) 40 - (1,099,976) a . (924,871) 42 - (1,090,428) 43 - (1,280,183) “4 - (1,530,981) 45 - (1,817,623) Average LE « Approximately Policy Year 45 (531,275,552) = 3,304,539 3,507,605 3,724,621 3,955,760 4,201,577 4,470,088 4,769,866 5,097,581 5,447,496 5,821,643 6,221,578 6,648,704 7,104,939 7,592,934 8,114,662 8,672,220 9,268,323 9,905,744 10,587,567 11,317,308 12,098,174 12,933,802 13,827,092 14,783,224 15,806,761 16,903,377 18,076,587 19,330,523 20,670,736 22,103,330 23,635,953 25,274,216 27,024,102 28,892,888 30,889,208 33,021,510 35,302,498 ‘37,748,700 40,375,534 43,201,315 46,246,271 49,516,015 53,006,413 56,730,418 60,700,548 Admin 65,000 65,000 65,000 85,000 DB Option = NAAR rrr rrrrrrerrerererererererererrrrerrerrrrrrrrrrrrer rare Tese 255,183,230 255,183,230 255,183,230 255,183,230 255,183,230 167,075,684 74,453,744 75,675,814 76,714,354 77,537,206 78,110,269 79,119,692 79,899,558 80,415,975 80,627,711 80,489,787 76,942,134 76,803,269 74,000,049 70,451,459 66,069,121 64,982,423 63,432,244 61,362,211 58,708,313 55,398,637 55,294,300 54,905,720 54,195,766 53,123,559 51,644,121 52,461,257 53,139,678 53,657,259 53,989,159 54,107,429 50,136,732 45,368,195 39,708,590 33,062,913 25,279,060 27,064,215 28,969,461 1,001,462 33,167,121 IRR: Friction Cost: Cash Value 529,547,511 567,977,315 609,206,249 653,438,353 700,883,458 751,877,837 806,643,990 865,404,912 928,452,013 996,097,290 1,068,676,140 1,146,548,003 1,230,100,561 1,319,749,217 1,415,938,490 1,519, 145,696 1,629,884,131 1,748,703,425 1,876,194,972 2,012,992,582 2.189,779,527 2.317,276,155 2,486, 268,502 2.667,598,989 2.862,171,465 3,070,955,295 3,294,973,407 3,535,337,411 3,793,242,467 4,069,972,725 4,366,906,716 4,685,504,762 §,027,348,532 5.394, 135,883 5,787 ,687,860 6,209,956,676 6,663,081,288 7,149,328, 706 7,671,141,506 8.231,145,746 8,832, 167,362 9.477,041,621 10,168,959, 146 10,911,340,646 11.707,855,186 7.2% Net Cash ‘Surrender Value 494,542,330 494,846,154 495,169,118 495,512,548 495,876,443 496,113,496 496,234,133 496,367,264 496,515,187 496,679,714 496,861,641 497,063,786 497,284,999 497,524,168 497,783,747 498,065,460 496,368,996 498,695,485 499,043,806 499,412,592 499,787,209 500,216,837 500,666,029 501,139,076 501,632,172 502,142,022 502,702,602 503,317,996 503,987,184 504,707,613 505,473,669 506,321,121 507,254,375 508,277,421 509,396,417 510,620,936 511,869,652 513,117,461 514,319,660 515,419,636 516,344,506 517,434,935 518,725,119 520,256,100 522,073,723 78 bps EFTA00296135

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829,547,511 sett 529,546,847 (255,183,230 (254,897,425 867,977,315 566,666,052 867,958,881 . 286,183,230 | 254,594,100 607,090.955 609,148,562 ; y (255,183,230 254,272,046 650,229,417 653,314,757 285,183,230 | 253,930,064 696,457,668 700,671,216 F ) (255,183,230 253,568,235 745,976,382 751,516,669 . 167,075,684 | 165,764,214 796,992,315 805,094,712 * 74453,744 73,747,490 858,661,703 864,608,240 75,675,814 74,823,814 916,200,090 r 927,336,027 583, 430, 76.714,354 75,702,026 980,895,046 994,574,664 77.537,206 76,349,178 1,049,814,003 1,086,640,980 78,110,269 76,731,623 1,123,389,846 1,143,872,400 5 44 79,119,692 77,521,620 1,201, 863,506 1,226,630,598 79,899,558 78,068,468 1,285,548 ,884 1,315,300,880 80.415,975 78,332,064 1,374,716 463 1,410,293,496 80,627,711 78,200,408 1,469,648,183 1,512,044,591 1,001 568,35 ; 480, ‘77 B67 23 1,570,884,023 1,621,018,274 1,045,954,260 76,069,961 1,677,761 466 7,289,874 1,737,704,692 1,082,317,092 f F 73,687,490 1,876,194,972 1,791,426,159 8,616,760 1,862,623,647 1,140,742,691 r . 70,656,695 2.012.992,582 1,911,774,968 10,218,437 1,996,223,481 1,191,820,382 66,909,004 2.159.779,527 2,039,004,118 12,111,684 2,139,384,555 1,244,140,019 5 62,374,519 2.317.276,158 2,173,297,201 ; 2,292,405,539 1,299,220,272 60,944,881 2,486.268,502 2,914,966,351 16,714,067 2,456,029,514 1,356,959,320 E F 59,061,607 2.667,598,989 2,464,295 827 19,369,265 2,630,935,133 1,417,159,391 . 56,605,672 2,862,171 465 2,621,426,425 22,439,410 2,817 837,271 1,480,029,197 4 708. 53,770,197 3,070,955,295 2,786,322,182 26,107,839 3,017 482,984 1,845,682, 764 13,139,973 50,264,167 3,294,973,407 2,958,795,268 30,505,178 3,230,632,262 1,614,278,260 14,944,134 49,652,787 3,595.357,411 3,138,600,900 35,665,692 3,458,084,636 1,685,948,766 17,016,581 . 48,744,185 3,790.242,467 3,328,525,095 41,602,319 3,700,668,434 1, 760,828,144 18,209,663 47,513,277 4,069.972,725 3,519,307 666 48,284,901 3,959,242,213 1,839,057,754 21,814,732 4,266,906 ,716 3,719,643,219 55,757,482 4,234,692,338 1,920,776,068 24,519,940 4,685,504 ,762 3,926,168,471 64,035,806 4,527,915,559 2,006,174,945 27,410,822 §,027,348,532 4,138,287,521 73,330,485 4,839,861,996 2,095,420,960 30,854,107 5,994,135,883 4,355,267 261 83,730,013 5,171,420,083 2,188 687,542 33,956,998 §,787,687,060 4,878,970,137 95,569,136 §,823,602,820 2,286,158,026 37,729,271 6,209.956,876 4,798, 662,956 109,337,895 §,897,229,012 2,388,027,376 42,016,140 41,810,808 6,663.081,288 5,020,764 476 125,745,547 6,293,537,386 2.494 404,240 47,032,738 136, WIA 7,149.328,708 §,239,660,733 146,699,231 6,713,108,002 2,605 460,740 52,672,080 33,249,028 7,671,141,508 5,453,071,150 165,527,975 7,156 878,074 2,721 356,106 58,637,962 . 26,227,059 8,231,145,746 §,688,229,153 188,525,827 7,625 639,109 2,842,264,152 64,984,508 22,721,122 6,632,167,362 5,852, 193,068 (214,043,961 6, 120,108,602 2,968,268,460 T1774 423 16,749,902 420 | 3.477,:081,621 6,030,678,845 242,403,126 8,640,785,820 3,100,010,679 79,064,695 . 17,222,208 43° | 10,168,959,146 6,188,903,554 274,292,206 9,188,147,441 3,237,758,100 87,016,919 / 17,631,028 “ 10,911 340,646 6,321,571,575 309,757,007 9,762,539,201 3,381 817,601 95,562,247 r 17,960,943 45 | 11,707,855,186 6,423,635,268 348,161,002 10,364,166,501 3,502,515,28 104,429,386 33,167,121 18,197,482 “6 12,562,431,970 6,488,090,202 390,741,619 10.992,686,427 3,690,208,546 113,997,641 35,472,992 18,320,485 47 | 13,479,284,082 6,807,853,738 436,546,829 11647 .261 666 3,855,280,681 123,667,825 37,925,604 148,310,637 “6 14,462,936,597, 6,480,260,527 481,548,160 12.327 ,350,564 4,028,124,190 132,502.20 . 18,160,876 49 | 15,518,238,771 6,402,512,925 525,818,261 13,032,393,186 4,208, 165,706 140,382,006 17,864,736 50 6,270,963,780 568,870,479 13,761 429,251 4,398 878,220 147,434.07 17 413,415 st 6,088,838,196 608,431,668 14,514,315,784 4,597,760,125 152,861,743 ! 16,809,599 52 §,844,792,739 645,411,238 18.289,534,611 4,806,377,545 157,000,318 16,048,979 53 5,545,561,128 678,443, 45 16,064,315,599 §,025,360,795 159,696,311 101 15,128,054 54 5,194,298 656 701,010,071 16.597,968,287 §,256,348,794 159,283,493 14,067,838 55 4,802,611 602 710,090,138 17,731,124,139 5,497,001,699 155,544 49 f 12,903,461 56 4,993,645,039 699,687,972 18,899,700,099 §,750,889,568 147,288,466 11,703,037 7 3,979,910,383 678,176,731 19.479,812,607 6,014,953,511 136,814.218 8416,377 58 3,586,437,746 : 20,392,709,497 6,289,209,972 126,222. 266 5,603,678 59 3,119,675,235 21524,326,919 6,573,433,227 114,871 414 3,262,540 60 2,676,312,876 467 22.270,426,908 6,867,091,039 102,494,428 . 1,395,580 6 2,238,925,956 894 23.232,087,143 7,168,263,048 88,713,982 : 1,625,369,698 954 24.215,584,045 748A 689,739 74,183,962 1,460,619,445 . 26.238,352,549 7,814,016,0e8 99,607,417 1,155,026,928 653. 26.312,635,496 8,157 832,795 (46,407,248 27.419,570,185 2u ft a A [_ | rr NAAR = Net Amount At Risk ‘Based on pool of 35-yearolds "© gased on 2001 CSO M/F Uttimate Mortality Table 100% mortality of remaining pool at age 100 " Sum of: Cash Value Assuming Mortality + Cash Value Payout of current year + Cash Value Payout of prior years grown at 4.4% (8.0% return with 45% tax rate) EFTA00296136

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Annual Investment Return on Cash Value 8% Investment, IRR to DACTax Net Premium [i COl = Admin Fee Earnings Cash Value NAAR Investor 3,460,184 487176816 3,281,040 4,118,205 1,225,000 38,707,979 517,260,538 - - 3483716 4,375,455 1,225,000 41,096,199 549,274,565 - - 3.699.255 4,651,080 1,225,000 43,641,483 583,340,713 - - 3928820 4,945,815 1,225,000 46,347,936 619,589,014 - - 4172963 5,240,550 1,225,000 49,226,463 658,178,964 - - 4,439,645 3,413,891 1,225,000 52,372,548 701,472,975 - - 4,737,381 1,737,295 1,225,000 55,886,583 749,659,681 - - 5.062864 1,917,248 1,225,000 59,723,466 801,178,236 3,674,957.125 344% 3,674,957.125 481% 3,674,957.125 527% 3,674,957.125 5.50% 3,674,957.125 5.65% 2,406,098.450 5.80% 1,072,226,881 5.95% 1,089,626.211 6.07% 9 - - : - - §410396 2,130,275 1,225,000 63,825,073 856,237,638 1,104,782.481 616% 10 - - : - - 5,782,000 2,369,395 1,225,000 68,208,000 915,069,243 1,116,632.580 623% " - - : - - 6179206 2,619,969 1,225,000 72,891,236 977,936,304 1,124,885.405 629% 12 - - : - - 6,600.424 2,911,151 1,225,000 77,894,933 1,045,091,661 1,199,422.358 6.34% 13 - : : - - 7,056.551 3,185,735 1,225,000 83,241,384 1,116,865,759 1,150,653.403 6.38% 14 - - : - - 7,541223 3,444,333 1,225,000 88,956,744 1,193,611,948 1,1568,090.439 6.41% 15 - - - - - 8,059.398 3,738,271 1,225,000 95,067,534 1.275,656,813 1,161,139.709 6.44% 16 - : : - - 8.613.159 4,057,016 1,225,000 101,599,969 1.363,361,606 1,159,153.433 6.47% 7 - - : - - 9205201 4,371,290 1,225,000 108,584,184 1.457,144,299 1,196,865.293 6.49% 18 - - : - - 9.838281 4,701,856 1,225,000 116,052,274 1.557,431,435 1,106,062.974 6.51% 19 - - : - - 10,515,461 5,016,253 1,225,000 124,040,009 1,664,714,730 1,065,699,099 6.53% - - - - - 11,240,233 5,310,988 1,225,000 132,585,976 1.779,524,486 - - : - - 12,015,780 5,538,960 1,225,000 141,735,195 1,902,479,941 - - - - - 12,845,718 6,043,170 1,225,000 151,523,741 2,003,889,795 - - - - - 13,792,924 6,468,919 1,225,000 161,989,835 2.174,452,788 - - - - - 14,682,544 6,812,470 1,225,000 173,188,601 2.324,921,375 - - - - - 15,699,110 = 7,101,203 1,225,000 185,179,391 2.486,075,454 - - - - - 16,788,258 7,342,466 1,225,000 198,024,251 2.658,743,981 - - - - - 17,953,478 68,075,935 1,225,000 211,770,038 2.843,259,606 - - - - - 19,196,874 8,859,568 1,225,000 226,458,706 3,040,434,871 20,529,959 9,637,136 1,225,000 242,157,326 3,251,200,103 - - - - - 21,952,796 10,375,076 1,225,000 258,941,480 3,476,588,710 - - - - - 23,474,981 11,032,166 1,225,000 276,894,713 3,717,751,275 - - - - - 25,102,086 12,204,369 1,225,000 296,087,768 3,975,307,586 - - - - - 26,840,056 13,440,026 1,225,000 316,586,060 4.250,388,564 - - - - - 28,696,115 14,733,136 1,225,000 338,479,873 4,544,214,185 - - - - - 30,678,839 16,114,996 1,225,000 361,865,858 4,858,061,268 - - - - - 32,796,619 17,634,610 1,225,000 386,843,791 5,199,248,630 - - - - - 35,062,073 17,983,061 1,225,000 413,565,390 5,552,544,086 - - - - - 37,491,615 17,970,015 1,225,000 442,222,734 5,998,080,190 - - - - - 40,100,559 17,313,170 1,225,000 472,995,959 6,352,437,420 1,014,588,.978 6.55% 961,477,835 6.57% 935,828,091 658% 913,503,509 6.60% 883,692,460 6.61% 845,473,011 6.63% 797,812,426 6.64% 796,306,963 6.65% 790,710,918 6.66% 780,486,700 667% 765,045,575 6.68% 743,739,824 6.69% 755,507,603 6.69% 765,277,713 6.70% 772,731,531 6.71% 777,511,298 6.71% 779,214,538 672% 722,031,538 672% 653,358,650 673% 571,853,275 6.73% SSSHRSSRSSBESRRESKRES PRP Pe Pee eee eee ee eee ee ee ee ee ee ee eee ee ooo OSs 40 - - - - - 42,907,095 15,641,026 1,225,000 506,097,051 6.798,561,350 475,994575 674% a : : : : = 45,991,914 13,319,303 1,225,000 541,769,419 | 7.279,855,159 364,050,033 6.75% 42 - : : - - 49,178,789 15,703,520 1,225,000 580,071,739 7.793,819,583 389,758,495 6.76% 43 - : : - - 52,645,416 18,580,249 1,225,000 620,962,178 8,342,331,095 417,196,413 6.76% 44 - : : - - 56,344,059 22,048,040 1,225,000 664,587,123 8.927,301,119 446,459,764 6.77% 45 - - - - - 60,287,150 26,176,045 _1,225,000_ 711,096,453 _9.550,709,376 477,647,958 6.77% ‘Average LE = Approximately Policy Year 45 Total Friction Cost: 1.23% EFTA00296137

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Kingswood Payout Summary ‘Single Pay Premium a 3674; 257, 125 549,262.745 3,674,957,125 §83,304.590 3,674,957,125 619,512,402 3,674,957,125 3,674,957,125 1,072,226,881 1,417,962 ) N72 4 1,080,826.211 1,656,078 1,104,782,481 1,961,756 | 1,116,632,580 2.271,992 1,124,885,405 (2,657,225 , 1,139,422,358 3,071,782 1,914,191 569 875,246,406 / 1,150,653,403 3,522,900 1,190,175.599 913,787,248 ! 1,158,030,433 4,058,504 1,161,139,703 1,318.928,174 4.715.168 x . 9936 j AA 4 1,159,153,433 1.404.114.4456 5,518,170 F 1,136, 865,233 1,494.231,065 6492434 ‘ 1,106,062,974 1,589.478.474 7,645,331 : . 1,085 693,039 1,690.017,753 9,033,145 . . / 1,014,588,978 1,796.056,455 10,668,575 x . i 951,477,835 5.55622 12,550,693 7,963,816 935,828,031 5.779.396 2.174 452.788 14,617,423 2.151.127.0286 i 9,050,158 913,503,509 6.140.686, (2:324.921,375 16,880,582 2296.658.43 F 10,205,066, (883,692 460 816,314,928 6416235 2486075. 454 19,489,967 2451913476 E 11,503,582 (845,473,011 774,324,087 6628214 2.658.743.9681 2412,187.272 22,602,195 2.617,599.801 13,022,996 797 812,426 723,827,865 6.782.267 2.843 259.606 (2562 996.380 26,321,333 2.793.705.5813 A 14,805,725 796,306,963 715,013,426 TAT 788 SOMO AM 871 (2.699,001,796 30,687,650 2.:960,990.006, 16,852,555 790,710,918 701,916,100 7980, 786 3.251,200,103 2849,990.538 35,653,419 3,180,042, 740 . 19,115,986 780,485,700 684,172,607 as58.999 3.476.588.710 3.005.755.962 41,238,972 3.391,566.301 21,587,051 765,045,575 661,435,818 9.074.899 D7 751.275 3.166,076.269 47 459,483 3.616,321,746 f 24,253,923 743,739,824 633,376,693 9AM DIT 3.975.207 586 3.300,197,844 54,315,527 3.854 569.649 27,101,486 ‘755,507,603 632,904,432 10,322.67 42038 SEA BAIT SAA 378 61,976,486 4.106.965.029 2.070,610.267 90,195,250 705,277,713 629,728,968 19,958,797 4544214185, 3.667.437.9931 70,505,495 4.374. 173.646 2.161,925.919 33,543,714 772,731,531 623,638,072 11,989,442 4.858.061. 268 3.808.845.8693 80,174,296 4.656.858.477 2.257.050.6859 ‘37,248,902 ‘777,511,238 390, 12.831.543 4.010.206.444 91,372,590 4955, 586.181 2.356 60.883 41,458,954 779.214,538 601,706,720 13,708,888 4.180.270.6585 104,634,873 5.271,909,891 2.460,040.767 46,384,904 722,031,538 13,614,120 AAT 070.614 120,044,355 $,606,617.652 2.568 282.561 51,920,455 653,358,650 IBABSIN2 4.509.244.607 136,878,120 2.681.286.9984 57,774,599 571,853,275 é 12,321,916 4.665.123.5883 155,441,918 2.799.263.621 64,002,203 (475,994,575 10,883,113 ABIZ677,745, 176,023,689 x 2.:922.431.221 70,663,099 364,050,033 87, 62569 4 346.954177 198,778,511 f 3,051,018. 194 77,815,101 (383,758,495 9.940.648 §,058,793.735 224,205,738 3.185. 262.955, 85,606,077 417,196,413 VN212433 5.148.257. 376 (252,264,611 3.325.414. 567 93,968,424 446 453,764 467, 12.615.907 5.208.247,670 282,341,224 3.471.732.8608 102,632,511 477,647,958 523, 14,120.387 5.235, 700.062 315,321 844 ASA / 111 888 B64 510,855,380 855, 15.70.2351 S.22207343 350,296,680 SASS ATT SHE 121,380,246 546,176,050 17519971 §.166,086.212 383,692,758 10,012.469,374 4 129,947,608 583,715,134 ‘ 19.20.86 $.065.704.400 415,793,017 s 137,550,986 623,575,061 20,797,165 4,.918.219.606 446,156,292 146,313,178 665,846,300 22316,763 14,.206.121,160 4.723.961, 481 472,280,040 \ / ¥ 149,442,241 710,621,643 15,151,926.571 4482,116.064 (434,937 666 153,296,569 757,970,038 16,149, 868,411 4.192.861,675 512,854,697 12,749,528,719 4 155,618,171 807,837,296 17.201,148.160] 3.863.115.4183, 521,346,741 13.317.622553 155,031,521 860,582,100 3.503.600.2771 518,024,818 13.892,130.538 151,105,768 915,973,538 ‘3.192.907 817 498,918,755 WATTATZATA 142,853,815 974,263,754 2767674127 471,611,671 15.082. 990,104 132,388,797 (829,886,295 2407 279.171 443,733,770 15,708.202,821 ; 121,953,047 663,631,378 2.054.845.153 (412,684 826 16.353.694 269 110,859,518 (472,483,421 1.715.677 269 377 243,250 17,020.919.596 98,851,035 (252,804,169 1,390,401, 538 (335,576,489 17.713,650,390 85,580,446 : 288,335,875 18432595213 71,546,928 . 238,155,237 19,185,264 422 57,486,539 44,757,600 NAAR = Net Amount At Risk Based on pool of 35-year-oldis Based on 2001 CSO M/F Ultimate Mortality Table 100% mortality of remaining pool at age 100 ™ Sum of: Cash Value Assuming Mortality + Cash Valse Payout of current year + Cash Value Payout of prior years grown at 4.4% (8.0% return with 45% tax rate) EFTA00296138