Samplefna wbrochures by Steven Kirchner

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D#EF"BGHA"EIJJ#KL Estimated Combined Monthly Household Income

$4,783.33

All Monthly Expenses

$3,560.00

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Total Monthly Expenses

$5,387.33

Estimated Combined Monthly Discretionary Income

($604.00)

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Combined Current Household Annual Income

$57,400.00

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LIVING BENEFITS PLUS DEATH BENEFITS IN ONE SIMPLE SOLUTION TERM LIFE INSURANCE FROM TRANSAMERICA LIFE INSURANCE COMPANY

TRENDSETTER LB (LIVING BENEFITS) ®

Are You and Your Family Prepared for Life’s Surprises? You’ve always done your best to provide for, and protect, your family’s financial security. But life has a funny way of coming up with unexpected situations to surprise you.

The Financial Impact of Illness Recent studies show that nearly half of all Americans suffer from at least one chronic illness, and many of these people have one or more daily activity limitations.1 Chronic diseases—such as heart disease, stroke, cancer, diabetes, and arthritis—are among the most common and costly of all health problems in the U.S., and are also the leading causes of death and disability.1 You may not have considered it until now, but more and more Americans are learning that certain types of life insurance can play an important role in protecting their family’s financial future when an unexpected chronic, critical or terminal illness happens.

Why Term Life Insurance Can Be the Difference Term life insurance is one of the most important things you can put in place to provide financial protection for your family if you were to pass away unexpectedly. But did you know that Trendsetter ® LB term life insurance from Transamerica Life Insurance Company also gives you the ability to get cash to pay your bills should you become stricken with a chronic, critical or terminal illness—even if you already have health insurance or Medicare coverage?

THE LIVING BENEFIT SOLUTION TERMINAL ILLNESS PROTECTION

CHRONIC ILLNESS PROTECTION CRITICAL ILLNESS PROTECTION

DEATH BENEFIT PROTECTION

LB What Living Benefits Can Bring to Your Life If you are diagnosed with a chronic, critical or terminal illness, a Trendsetter LB term life insurance policy allows you to accelerate a portion of your policy face amount to: 2

WHY TRANSAMERICA LIVING BENEFITS?

s 0AY FOR CARE OR TREATMENT THAT MAY NOT BE COVERED BY YOUR HEALTH INSURANCE PLAN s 2EPLACE INCOME LOST AS A RESULT OF YOUR ILLNESS s 0ROVIDE FOR IN HOME CARE OR FACILITY NEEDS

s4RENDSETTER ÂŽ ," POLICIES OFFER COVERAGE FROM TO

And, any death benefit value not used as a living benefit will go to your loved ones after your death.

s9OU MAY BE ELIGIBLE TO RECEIVE COVERAGE UP TO WITHOUT THE NEED FOR A MEDICAL EXAM 3 s! CHOICE OF COVERAGE PERIODS Â&#x2C6; FROM

AND YEARS

The Transamerica Advantage Term life insurance is one of the most cost-effective choices you can make to provide a financial safety net for your family. And when it comes to choosing a life insurance company, you want one you can depend on. People have turned to Transamerica Life to ensure the future financial security of their families for over 100 years.4 Let us help you protect your familyâ&#x20AC;&#x2122;s future.

Contact your life insurance professional or Transamerica today.

Centers for Disease Control and Prevention. Chronic Diseases and Health Promotion; http://www.cdc.gov/chronicdisease/overview/index.htm

Subject to state availability. Minimum and maximum amounts that may be accelerated may vary. Some portion of the payments may be taxable, and policy owners are advised to consult with their tax advisors when making a request for an Accelerated Death Benefit.

The $25,000 to $99,999 rate band (Band 1) and the $100,000 to $249,999 rate band (Band 2) on Trendsetter LB are available on the Standard Nonsmoker, Standard Smoker, Standard Express Nonsmoker and Standard Express Smoker risk classes on a non-med basis. Non-med requirements include the application, non-medical application supplement (part 2), a Medical Information Bureau release form, prescription check and a possible personal history interview and/or an Attending Physicians Statement.

Transamerica Life Insurance Company is descended from a company founded in 1906.

Trendsetter ÂŽ LB is term life insurance issued by Transamerica Life Insurance Company, Cedar Rapids, IA 52499. Policy Form No. TL19. Premiums increase annually beginning in year 11 for the 10-year policy, in year 16 for the 15-year policy, in year 21 for the 20-year policy, in year 26 for the 25-year policy, and in year 31 for the 30-year policy. Policy form and number may vary, and this policy may not be available in all jurisdictions. Insurance eligibility and premiums are subject to underwriting. In most states, in the event of suicide during the first two policy years, death benefits are limited only to the return of premiums paid. OL 3021 1112

! !

WRL Financial Foundation IULSM Index Universal Life Insurance

AG06111-07/13

Western Reserve Life Assurance Co. of Ohio

A solid foundation is essential to standing the test of time. The same should be true of any financial strategy.

Life Insurance as a Foundation With life insurance, you have peace of mind that you and your family have laid a firm foundation for your financial future. The federal tax-free death benefit offered by all life insurance allows families to help meet financial obligations and rebuild in a time of need. However, only permanent life insurance includes a death benefit and the potential to grow Policy Value for use later in life. The WRL Financial Foundation IULSM from Western Reserve Life Assurance Co. of Ohio (WRL), offers: » Growth Potential of Policy Value » Guaranteed Minimum Interest Rate, or Floor* » Tax-Free Death Benefit » Tax-Deferral on Any Earnings » Tax-Free Loans and Withdrawals**

* For the purpose of this brochure the terms “guaranteed minimum interest rate” and “floor” are used interchangeably and are intended to express the same idea. Guarantees are based on the claims paying ability of WRL. ** Policy loans and withdrawals are tax-free to the extent that they do not exceed the basis (generally, premiums paid less withdrawals) and that the policy does not lapse, is not surrendered and is not and does not become a modified endowment contract (MEC).

Consider the Facts When making a financial decision, it is important to have as much information as possible. Here are a few things to consider. √

Nearly 70% of U.S. households with dependents would be in jeopardy if the primary breadwinner passed away1

40%

of U.S. households with dependents say they would have immediate trouble paying bills if a primary wage-earner died today1

30%

more of U.S. households with dependents say they would have trouble paying bills in a just few months1

√

1 2

In 2009

Social Security, if claimed at age 65, replaced approximately 40% of an average retiree’s income2

In 2037

if the Social Security Trust Fund is depleted and benefits are cut, that number is forecasted to fall to 28%2

LIMRA, “Facts About Life 2010”, September 2010. The Social Security Fix-It Book, Center for Retirement Research at Boston College, 2009

Know What to Plan For You can find a balance between protecting your family and working towards a comfortable and stable retirement. A life insurance death benefit is commonly used to protect family members against an unexpected death. In fact, almost six in ten U.S. households with dependents plan to use life insurance to provide for their families in the event of their premature death, more than any other financial resource.1 Also, new reports suggest that a growing concern for many Americans is the fear of outliving their funds in their retirement years.

Many families are having to ask themselves two different but equally important questions: » “When I die, will my family have the means to maintain their standard of living?” » “When I retire, will I outlive my savings and face financial hardship?”

2010 U.S. Life Ownership Study, LIMRA

Real World Concerns Families need solutions to help them face economic uncertainty head on. There are a number of variables to consider when putting your financial house in order. Taxes, inflation and market volatility are just a few of the concerns that can make the whole process seem overwhelming. Whatever solution you choose should match your financial objectives and you may want to consider the following:

Growth potential to help outpace inflation

Safety through guarantees

Reduce the effects of taxes

Protect your family from financial hardship if a loved one passes away

Real World Solutions Permanent life insurance can help provide a solid tomorrow. The WRL Financial Foundation IUL has four key features to provide for the needs of today’s families. Make sure your family’s financial plan is on solid ground with:

Growth Potential, Guarantees*, Tax Advantages and Protection.

Growth Potential

Guarantees

Two Index Account Options to Choose From

Guaranteed Minimum Interest Rate or “Floor”

Tax Advantages

Protection

Tax-Free Loans and Withdrawals Tax-Deferral on Any Earnings Tax-Free Transfers

Federal Income Tax-Free Death Benefit

* Guarantees are based on the claims paying ability of WRL.

Opportunities for Growth Potential To build assets or increase purchasing power, growth has to exceed inflation, not just keep pace with it. A choice of domestic and global index account options may offer the opportunity you need to keep up. The WRL Financial Foundation IUL gives you the option to allocate your net premiums to one or more of the following accounts: » Global Index Account » S&P 500® Index Account » Basic Interest Account

The Global and S&P 500® Index Accounts have the potential to credit higher interest rates than the Basic Interest Account, up to their Caps*. The Cap is the maximum percentage of index change your Index Account may be credited. Caps are set by WRL at its discretion and are subject to change. The Cap for any Segment may increase or decrease but will never be less than the current interest rate for the Basic Interest Account.

The Basic Interest Account is credited with a rate of interest declared by WRL and the two Index Accounts are credited with interest based on changes in one or more indexes.

√ Rising costs and other factors have resulted in a significant increase in the cost of everyday goods and services.

Item**

1985

2011

Stamp College Home

$0.22 $15,137 $100,800

$0.45 $35,071 $267,500

* The Global Index Account and S&P 500® Index Account may be credited with Excess Interest based on changes in the indexes. Note that even though the interest credited to an Index Account Option may be affected by stock indexes, index universal life insurance policies are not an investment in the stock market or the indexes and do not participate directly in any stock or investment. ** Source: Stamp: U.S. Postal Service. College: The College Board Trends in College Pricing 2011 Average Fixed Changes (tuition fees, room and board for one year) for undergraduates, 2011-2012 (weighted) at a four-year private university. Home: U.S. Census Bureau. New One-Family Houses Average Selling Price.

Multiple Account Options S&P 500® Index Account (IA)

Credited with interest based, in part, on changes in the S&P 500® Index

S&P 500® Index The S&P 500® Index tracks 500 large cap U.S. equities in leading industries of the U.S. economy, and is one of the most well known market benchmarks.

EURO STOXX 50® Index Global Index Account (GIA)

Credited with interest based, in part, on changes in three indexes

The EURO STOXX 50® Index is comprised of 50 large cap stocks from leading European blue-chip companies.

Hang Seng Index The Hang Seng Index has a long history beginning in the 1960s and is one of the most recognized indicators of the stock market performance in Hong Kong.

Western Reserve Life Basic Interest Account (BIA)

Interest is credited at a rate declared by WRL.

The Power of a Guaranteed Floor Avoiding loss can be as important as realizing gains. Index changes may be positive or negative. With the WRL Financial Foundation IUL, you have the security of knowing you will never be credited less than the Guaranteed Minimum Interest Rate*, or floor.

The floor is a protective feature that ensures all three account options will always credit positive interest. That is the power of a guaranteed floor.

â&#x2C6;&#x161;

Recovering From a Loss This example helps illustrate the effects of a loss and what it takes to recover from it. For example, a 10% loss, requires an 11% gain. A 20% loss requires a 25% gain, and so on...

*Guarantees are based on the claims paying ability of WRL.

Loss -10% -20% -30% -40% -50%

Gain +11% +25% +43% +67% +100%

Account Floors and Caps Account

Floor

Cap

Additional Information

Global Index Account (GIA)

0.75%

13.50%

Any excess interest is credited annually at the end of each segment period

S&P 500® Index Account (IA)

0.75%

12.25%

Any excess interest is credited annually at the end of each segment period

Basic Interest Account (BIA)

2.00%

N/A

WRL declares an annual interest rate that will never be less than 2.00%

Index Trademark Disclosures

S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The foregoing trademarks have been licensed for use by S&P Dow Jones Indices LLC. S&P® and S&P 500® are trademarks of S&P and have been licensed for use by S&P Dow Jones Indices LLC and the Company. The S&P 500® index is a product of S&P Dow Jones Indices LLC and has been licensed for use by the Company. This policy is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P nor their Respective affiliates make any representation regarding the advisability of purchasing this policy. The EURO STOXX 50® is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland, (the “Licensor”), and is used under license. This life insurance policy, based, in part, on the Index is in no way sponsored, endorsed, sold or promoted by the Licensor and the Licensor shall have no liability with respect thereto. Please read the full disclaimer in the WRL Financial Foundation IUL policy regarding the Hang Seng Index in relation to the policy. 11

Tax Advantages Tax-Deferred Earnings The WRL Financial Foundation IUL Policy Value benefits from tax deferral. Life insurance contracts meet special IRS requirements that allow amounts credited to the Policy Value to be tax-deferred. This favorable treatment enhances the WRL Financial Foundation IUL’s Policy Value accumulation potential.

You do not have to pay taxes on gains in the policy during years in which they are earned or while they remain in the policy. Taxes are deferred until the policy is surrendered, lapses, or when certain distributions occur. The gains left in the policy can continue to accumulate and lead to potentially higher Policy Values. IRC Sec. 72

Access Policy Value When You Need It Most Tax-Free Loans and Withdrawals* As your life changes, you may access your accumulated Policy Value through tax-free policy loans and cash withdrawals.

Here’s how. When the Policy Value is sufficient, premiums paid into a policy can be taken as tax-free withdrawals up to your cost basis in the policy. Provided there is still ample Cash Surrender Value in the policy, you could continue taking money out of the policy in excess of your basis through tax-free loans. When you take a policy loan, an amount equal to the loan balance will be transferred to a loan reserve account. Interest is charged on the loan balance, but at the same time the money in the loan reserve account earns interest which

is credited to the Policy Value. The credited interest helps offset the interest charged on the loan resulting in a net effective rate which is generally lower than the loan interest rate charged by banks for similar secured loans. In certain circumstances (see the next page), the loan interest rate charged on the loan balance is the same as the rate credited. And as long as you stay within the IRS guidelines, the withdrawals and loans may be taken without federal income tax liability. For additional information on the WRL Financial Foundation IUL policy’s withdrawal and loan features, see page 23.

Understanding Loan Rates Loan Rates

Current Rates

Guaranteed Rates

Credit

Charge

Net Effective Rate

Credit

Charge

Net Effective Rate

Years 1 -10

2.00%

2.75%

.75%

2.00%

3.00%

1.00%

Years 11+ on Cost Basis

2.00%

2.75%

.75%

2.00%

3.00%

1.00%

Years 11+ on Gain

2.00%

2.25%

.25%

* Distributions such as loans and withdrawals can only be made if the policy has been in force long enough to accumulate sufficient value. Loans and withdrawals will reduce the Policy Value and death benefit. Loans are subject to interest charges. If a policy lapses while a loan is outstanding, adverse tax consequences may result. Policy loans are generally not taxable when taken and cash withdrawals are not taxable until they exceed the cost basis in the policy. However, if the policy is treated as a modified endowment contract (MEC) by IRC Sec. 7702A, withdrawals and loans are taxable at an ordinary income tax rate when taken to the extent of gain then in the contract and may also be subject to a 10% federal income tax penalty if taken prior to age 59Â˝. Cash distributions associated with benefit reductions, including reductions caused by withdrawals during the first 15 years, may be taxable. Policyowners should consult with their tax advisor regarding their particular situation.

This policy is first and foremost a life insurance policy whose main purpose is to provide a death benefit. The policy is not a short-term savings vehicle nor is it ideal for short term insurance needs. It is designed to be long term in nature and should be purchased only if you have the financial ability to keep it in force for a substantial period of time.

Protection for Your Family A life insurance death benefit can provide an important safety net. This policy provides a federal income tax-free death benefit to help protect your family and their dreams. The Income Protection Option can be used to structure the death benefit in a way that can meet the short and long term needs of your family.

Tax-Free Death Benefit

Income Protection Option (IPO)

An important part of planning for the future is determining how your assets will be distributed among your beneficiaries. It is important to be aware of the tax consequences associated with certain assets so you avoid passing an unintended tax burden to your heirs.

Provides an alternative payment method to a lump sum death benefit. The IPO allows the policy owner to structure their death benefit with an initial lump sum, monthly income payments, and a final lump sum. Initial and final lump sums are optional. The monthly income payments can be extended over a period between 5 and 25 years.

In most cases, the WRL Financial Foundation IULâ&#x20AC;&#x2122;s death benefit is federal income tax-free when passing to beneficiaries. IRC SEC. 101(a)(1)

Security of a No Lapse Guarantee* Payment of the Minimum Monthly No Lapse Premium ensures that the policy will remain in force during the No Lapse Period. However, by paying only the minimum monthly premium, you may be forgoing the opportunity to build up additional Policy Value.

If you take a cash withdrawal or a loan, if you increase your Face Amount, if you change the death benefit option, or if you add or increase the amount of a rider, you may need to pay additional premiums in order to keep the No Lapse Guarantee in effect.

The No Lapse Period is as follows: » Issue Ages 0-45: 20 years

If the requirements of the No Lapse Guarantee are not met and the Cash Surrender Value is not enough to meet the Monthly Deductions and Index Account Monthly Charges, a grace period will begin and the policy will lapse at the end of the grace period unless sufficient payment is made. Allowing the policy to lapse may result in adverse tax consequences.

» Issue Ages 46-60: until age 65 » Issue Ages 61-85: 5 years

*After the no lapse period or if the cumulative Minimum Monthly No Lapse Premium requirements are not met, then fluctuations in interest rates and/or policy charges may require the payment of additional premiums to keep the policy in force. Guarantees are based on the claims paying ability of WRL.

Cost-Effective Protection With the WRL Financial Foundation IUL, you are covered. But what about the rest of your family? If you became disabled and could not work, would you be able to keep the policy’s protection in force? Do you have the financial resources to cope with a sudden illness?

Base Insured Rider

Overloan Protection Rider (OPR)*

Provides the insured with additional level term insurance coverage at term insurance rates.

As long as certain requirements are met, the OPR provides the policy owner with an option to prevent a policy lapse from occurring due to excessive loans. If such requirements are met and the policy owner chooses to exercise the option, the policy will become a paid up policy keeping the policy in force, preventing loans from being taxable while still providing a small death benefit to the insured’s beneficiaries.

Additional Insured Rider Provides level term insurance coverage for up to five of the base insured’s family members.

Children’s Benefit Rider Provides level term insurance coverage on the base insured’s children, between the ages of 15 days and 18 years old.

Guaranteed Insurability Benefit Rider Provides the option to purchase additional life insurance without evidence of insurability at the same underwriting class that currently applies to the base policy. Regular option dates are policy anniversaries following the insured’s 22nd, 25th, 28th, 31st, 34th, 37th, and 40th birthdays. Alternate option dates are available after the insured’s marriage, birth or adoption of a child, or college graduation.

There is no charge for this rider unless you choose to exercise it. Once the OPR is exercised, there is a one-time charge assessed as a percentage of the policy value based on the age of the insured (see chart below). Age

Percentage

75-90

94-120

Riders are available at an additional cost. Riders and rider benefits have specific limitations. For complete details including the terms and conditions of each rider and exact coverage provided, please consult your agent. *The election to exercise the OPR is irrevocable. Once the Rider Benefit has been exercised, all other riders attached to the policy will terminate and no further policy activity will be allowed. Also, no further loans will be allowed, but loan interest will continue to accrue. 16

Security in the Event of Accidents or Illness

Peace of Mind if You Become Disabled

Accidental Death Benefit Rider

Disability Waiver of Monthly Deductions Rider**

Pays the Face Amount of the rider if the insured’s death results directly from accidental bodily injury, independent of all other causes.

Terminal Illness Accelerated Death Benefit Endorsement* Allows the owner, upon terminal illness of the insured, to access up to 75% of the total death benefit on the insured or $500,000 aggregate maximum for all policies issued by us (before taking the interest discount and administrative charge), whichever is less, prior to death. This endorsement is included on each policy in states where it is available at no charge until the benefit is exercised.

Waives the policy’s monthly deductions should the insured become disabled (as defined in the rider). Subject to certain conditions.

Disability Waiver of Premium Rider*** If the insured becomes disabled, this rider applies the rider benefit shown in the policy as the policy’s premium payment (as defined in the rider). Subject to certain conditions.

* Eligibility for the Terminal Illness Accelerated Death Benefit is determined by a condition resulting from injury or illness which, as determined by a physician, has reduced life expectancy to not more than 12 months from the date of the physician’s statement. The policy’s benefits and values will be reduced proportionally in accordance with the benefits advanced under this endorsement. Benefits paid under this rider are generally federal income tax-free but may be subject to taxation under some business related policies. Please consult your tax advisor. ** It is possible that additional payments will be required to keep a policy in force while the monthly deductions are being waived. For example, loan interest accruing on an outstanding loan may require additional payments. *** It is possible that additional payments will be required to keep a policy in force while the Waiver of Premium Benefit is being paid. For example, an increase in monthly deductions or decrease in Policy Value may require additional payments. 17

Flexibility and Control Control How Your Net Premiums Are Allocated Flexible Premium Payment The WRL Financial Foundation IUL policy offers flexible premium payments. Subject to certain limitations, premiums may be increased, decreased, skipped or stopped altogether. However, the risk of a policy lapsing does increase if you do not regularly pay premiums equal to at least the current

Minimum Monthly No Lapse Premium. Net premiums* are applied to the Basic Interest Account, S&P 500速 Index Account, Global Index Account, or a combination of the three, according to your instructions.

Flexible Premium Payment Owner Controlled

Net Premium Allocation Choices

Global Index Account (GIA)

S&P 500速 Index Account (IA)

Tax-Free Transfers Transfers among Account Options are tax-free. Tax-free transfers help protect your earnings from the erosive effect of taxes, when you decide to move policy value from one account to another.

Basic Interest Account (BIA)

Transfers from the S&P 500速 Index Account or Global Index Account to the other accounts are allowed at the end of the Segment Period. Transfers from the Basic Interest Account to the other accounts are only allowed on the first day of a policy month, which generally does not correspond to the calendar month. S&P 500速 Index Account (IA)

Global Index Account (GIA)

Basic Interest Account (BIA) * Net premiums are equal to gross premiums paid less applicable premium expense charges. 18

WRL Financial Foundation IUL Overview Flexible Premium Payment* Owner Controlled LESS: Premium Expense Charge

Net Premium Allocation Choices

S&P 500® Index Account (IA)

Global Index Account (GIA) Interest

Basic Interest Account (BIA)

Interest

Policy Value

Tax-Deferred Accumulation LESS:

» Index Account Monthly Charge Monthly Deductions:

» Cost of insurance » Monthly expense charges » Monthly policy charges » Additional rider charges Distributions Living Benefits** » Withdrawals » Policy loans » Terminal Illness Accelerated

Death Benefits

Federal income tax-free proceeds paid at death

Early Policy Surrender*** Surrender charges may apply and any gain is taxable

Death Benefit Endorsement

* Subject to certain minimums and maximums. ** Loans, withdrawals and death benefit accelerations will reduce the Policy Value and death benefit. Loans are subject to interest charges. If a policy lapses while a loan is outstanding, adverse tax consequences may result, so please consult with and rely on your tax advisor regarding your particular situation. *** If you surrender your policy, a surrender charge may apply. The surrender charge is a charge for each $1,000 of the initial Face Amount and each increase in Face Amount. The surrender charge applies for the first fifteen policy years and for fifteen years from the date of any Face Amount increase. Charges are based on the Face Amount of the policy and the insured’s issue age, gender and rate class. These charges may be significant and should be carefully considered before surrendering the contract. 19

Understanding Crediting Strategies How the Segment Periods Affect Your Account Options. » Segments are components of the Account Options to which net premiums and/or transfers of Policy Values are allocated.

» The value of an Account Option is the sum of its Segment values and any amount pending application to that Segment.

» There are up to 12 Segments and each Segment begins on a Monthly Policy Date.

» Net Premiums received on dates other than the Monthly Policy Date will be credited with minimum index account interest for the S&P 500® Index Account and the Global Index Account until they are allocated to the next Segment. Net premiums allocated to the Basic Interest Account will always be credited with current interest.

» Each Segment lasts for 12 months (the Segment Period).

Index Account Segment Calculation At the end of each Index Account Segment Period, WRL determines whether any Excess Index Interest (earnings above the guaranteed minimum rate) will be credited for the Segment Period just ended. The amount of Excess Index Interest credited at the end of the Segment Period depends

Segment End Date Index Value

Segment Start Date Index Value

on the value in the Index Account at the beginning of the Segment Period, policy activity and charges during the Segment Period, the minimum interest credited throughout the Segment Period, the applicable Cap, and changes in the applicable Indexes.

Segment Start Date Index Value

Index Change Percentage

Index Account Crediting Strategies Global Index Account (GIA) The Global Index Account credits Excess Interest, if any, based on a weighted average of the index change percentages. The weighted index change percentages are added together and compared to the Cap rate and the floor. To arrive at the weighted index change percentage, we apply the following factors: ® 50% to the percentage® change in the S&P 500 or the

EURO STOXX 50 , whichever is higher

® 30% to the percentage® change in the S&P 500 or the

EURO STOXX 50 , whichever is lower

20% to the percentage change in the Hang Seng Index

S&P 500® Index Account (IA) The interest credited to the S&P 500® Index Account is determined using a formula based on changes in the S&P 500® Index, excluding dividend income.

100% of the percentage change in the S&P 500®

Monthly deductions and Index Account Monthly Charges along with policy owner transactions such as loans or withdrawals will reduce the amount of Excess Index Interest that is credited to a Policy. If you take withdrawals or loans during a Segment Period, no Excess Index Interest is credited on that amount. Excess Index Interest is only credited at the end of a Segment Period. Any Policy Values determined during the Segment Period, including the death benefit or Cash Surrender Value, will be based only on the guaranteed minimum interest credited through the date of the activity. 21

WRL Financial Foundation IULSM Supplemental Information Issue Age

0-85 (0-75 in Florida)

Underwriting Classifications

t 1SFGFSSFE &MJUF o /PO 5PCBDDP t 1SFGFSSFE 1MVT o /PO 5PCBDDP t 1SFGFSSFE o /PO 5PCBDDP t /PO 5PCBDDP

Face Amount Bands

Band 1: $100,000 - 499,999 Band 2: $500,000 +

Death Benefit Options

Level - Face amount Increasing - Face amount plus Policy Value These amounts may be increased to meet IRS guidelines

Policy Value

Your Policy Value is the starting point for calculating important values under the policy, such as the Cash Surrender Value and the death benefit. There is no guaranteed minimum Policy Value. The policy may lapse if you do not have sufficient Policy Value to pay the Monthly Deductions, the Index Account Monthly Charge, the surrender charge and/or any outstanding loan amount and accrued loan interest. The Policy Value is comprised of the value of the Basic Interest Account, the S&P 500ÂŽ Index Account, the Global Index Account and the policy loan reserve.

Cash Surrender Value

If you surrender your policy, the Cash Surrender Value of the policy is equal to the Policy Value less any applicable surrender charges and any loan balance.

Surrender Charge

Age Last Birthday t 1SFGFSSFE 5PCBDDP t 5PCBDDP t +VWFOJMF

Charge

Per $1,000 of the initial Face Amount and of each increase in Face Amount

Period for Charge

The surrender charge applies for the first 15 policy years and for 15 years from the date of any Face Amount increase.

Basis for Charge

Face Amount, Insuredâ&#x20AC;&#x2122;s issue age, gender, and risk class.

These charges may be significant and should be carefully considered before surrendering the contract. A surrender charge may result in the Cash Surrender Value of your policy being zero. As a result, this policy is not intended for short term savings or short term insurance needs. Excess Index Interest is not credited for partial years at the time of surrender on any Index Account Segment.

Premium Expense Charge (as premiums are paid)

Current: Year 1: Years 2-10: Years 11+: Guaranteed:

4% 6% 2% 6% in all years

Certain features, terms and charges associated with this policy may vary by state. 22

Monthly Deductions*

Monthly Deductions are taken from the Policy Value on each Monthly Policy Date. The Monthly Policy Date is the same day of each month as the Policy Date. The Monthly Deduction consists of the cost of insurance, Monthly Policy Fee, Monthly Expense Charge, charges for additional benefits provided by riders and any charges for substandard class ratings. Monthly Deductions will be taken from the Basic Interest Account, the S&P 500® Index Account and Global Index Account in proportion to the values of those accounts on the Monthly Policy Date the deduction is taken. Monthly Deductions will first be taken from the highest numbered Segment and then from the next highest numbered Segment.

Cost of Insurance Charges* (Monthly)

Charge varies based on the Insured’s Age, Underwriting Classification and gender, and the Policy’s Face Amount and duration.

Monthly Policy Fee*

Current $10 Guaranteed Maximum $12 A charge per thousand of the Face Amount of the Base Policy and Additional Insured Rider. This charge varies by gender, tobacco use, age of the Insured and the Face Amount band. Base:

Monthly Expense Charge

On a current basis, the charge applies for ten years from issue and ten years from the date of any Face Amount increase. On a guaranteed basis, the charge applies for ten years from issue or increase date for ages 0-60 and through age 120 for issue ages 61-85 for states other than Florida. In Florida, the guaranteed charge applies through age 120 for all issue ages.

AIR: This charge applies to any Additional Insured Rider for eight years from rider issue date and eight years from the date of any increase in rider face amount.

Index Account Monthly Charge

Withdrawals

0.06% (0.72% annually) of the Index Account Value Taken on the monthly policy date through age 120, from the highest numbered segment first. Minimum - $500 Maximum - Cash Surrender Value minus $500 Charge - Subject to a $25 withdrawal fee Excess Index Interest for a Segment Period will not be credited on amounts taken as withdrawals from an Index Account Segment prior to the end of the Segment Period. Minimum - $500 Maximum - The Policy Value minus the loan balance, minus the loan interest that will accrue prior to the next anniversary, minus the greater of the surrender charge or two Monthly Deductions.

Loans

Availability - After the free look period ends. Excess Index Interest for a Segment Period will not be credited on amounts taken as loans from an Index Account Segment prior to the end of the Segment Period.

* The Company has the right to change current charges and cost of insurance rates. The Company may not charge more than the guaranteed maximum charges or rates. Any changes to charges or rates will be based on our expectations as to future cost factors. Such cost factors may include, but are not limited to, mortality, interest, persistency, expenses, reinsurance costs and state and federal taxes. 23

Important Information Questions If you have questions about the WRL Financial Foundation IUL insurance policy, please ask your agent or call our Customer Service Center at 1-800-851-9777. This is a toll-free number. This brochure is not intended to be a full description of the WRL Financial Foundation IUL insurance policy. Refer to your policy for a complete explanation of the terms. Right to Cancel (Free Look) Within ten days after you receive your policy, if you are not completely satisfied with it for any reason, you may cancel it and receive a refund. For California applicants age 60 years and older, there is a 30-day free look. Some states offer a 20-day free look. Annual Statement It is important to remember that Excess Index Interest is only credited at the end of the Index Account Segment Period. Upon receipt of your first annual statement you may be surprised at the level of the Policy Value. The Policy Value may appear to be low. This is because only Net Premiums received on or before the policy date, and allocated to the first Index Account Segment, may have received any Excess Index Interest. All other Index Account Segments will have only been credited interest at the 0.75% guaranteed minimum interest rate by the end of the first policy year when you receive your first annual statement. Any Excess Index Interest that may be earned on Index Account Segments two through twelve, for their first year, will be credited during the second policy year and will be reflected on your second and ongoing annual statements.

In most states, in the event of suicide during the first two policy years, death benefits are limited to only the return of premiums paid. Western Reserve Life and its agents and representatives do not give tax or legal advice. This material and the concepts presented here are for informational purposes only and should not be construed as tax or legal advice. To comply with IRS Regulations, we are informing you of the following: Any discussion or advice regarding tax issues contained in this document was not intended or written to be used, and cannot be used, to avoid taxpayer penalties. Such discussion or advice was written to support the promotion or marketing of the transaction(s) or matter(s) contained in this document. Anyone reading this document or contemplating a transaction discussed in this material should seek advice based on the clientâ&#x20AC;&#x2122;s particular circumstances from an independent tax advisor. WRL Financial Foundation IUL is an index universal life insurance policy issued by Western Reserve Life Assurance Co. of Ohio, Columbus, Ohio. Policy form and number may vary, and this policy may not be available in all jurisdictions. The Policy is subject to the insurance laws and regulations of the state or jurisdiction in which it is sold. All state specific Policy features will be described in your Policy.

Policy Form # ICC12 IUL06 or IUL06. Form numbers may vary by jurisdiction. Not available in New York.

Index Universal Life Insurance offered by: 8FTUFSO 3FTFSWF -JGF "TTVSBODF $P PG 0IJP t )PNF 0GĂĽDF $PMVNCVT 0IJP .BSLFUJOH 0GĂĽDF "EESFTT 1 0 #PY t $MFBSXBUFS 'MPSJEB XXX XFTUFSOSFTFSWF DPN t $VTUPNFS 4FSWJDF AG06111-07/13

Western Reserve Life Assurance Co. of Ohio Home Office: Columbus, Ohio Marketing Office: PO Box 5068 Clearwater, FL 33758-5068

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Policy form ICC12 IUL06

Designed for

Daren Sample Agent/Representative Mike Hinsvark WORLD FINANCIAL GROUP INC Address Coronado, CA, 92118 619-663-6607

The policy is subject to the insurance laws and regulations of each state or jurisdiction in which it is available for distribution. All state specific policy features will be described in your policy.

This is an illustration only, not an offer, contract, or promise of future policy performance. Non-guaranteed rates and values shown are illustrative only and may not apply to an actual policy. Coverage is subject to the terms and conditions of the policy. This illustration is not valid without all 24 pages. Agent: Mike Hinsvark April 24, 2014 12:49 pm ICC12 IUL06

Page: 1 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Narrative Summary Daren Sample Male Age 35 Preferred Plus Riders: None

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000

Basic Life Insurance Illustration WRL Financial Foundation IUL Form # ICC12 IUL06 (May vary by state)

This illustration is provided to help you understand the product illustrated on the following pages. This illustration is based on information that you provided and on certain assumptions, some of which are not guaranteed. This illustration assumes that the illustrated non guaranteed elements will continue unchanged for all years shown. This is not likely to occur, and actual results may be more or less favorable than those shown. The WRL Financial Foundation IUL is a flexible premium adjustable life insurance with two index account options. This type of policy is a universal life insurance policy that may earn additional interest based in part on changes to outside indexes. This individual life insurance policy will provide a death benefit if the insured dies while the policy is in force. The actual amount payable in the event of death will be decreased by any Loan Balance. Premium payments are flexible and the owner may change the amount and frequency of premium payments. This illustration, or any other illustration, is not considered a proper written request for policy changes, termination of benefit, or election of options to purchase additional insurance.

Death Benefit Option

Either an Increasing or Level death benefit is available. Changes to the death benefit option are allowed once per year after the third policy year. Increasing The death benefit is the greater of the Face Amount plus the Policy Value or the minimum death benefit under the applicable life insurance compliance test. Level The death benefit is the greater of the Face Amount or the minimum death benefit under the applicable life insurance compliance test.

Death Benefit

This life insurance policy provides a Level death benefit as described in the policy. The initial death benefit provided is assumed to be $700,000. The actual amount payable at death may be decreased by policy withdrawals or any Loan Balance, or increased by additional insurance benefits you purchase.

Face Amount

An amount used to determine the death benefit. The policy owner may increase the Face Amount after the first policy anniversary. Decreases are available only after the third policy anniversary.

Premium Outlay

The premium outlay is the amount of premium which is planned to be paid during the lifetime of this policy. The first year Premium Outlay is $4,560.00. The amount of premium that may be paid is subject to any applicable limits set by Section 7702 of the Internal Revenue Code. This illustration describes values and benefits if premiums are paid on the dates and in the amounts shown on the following pages assuming application of indicated interest rates, insurance costs, expense charges and Index Change Percentages. If actual premium payments, interest rates, or Index Change Percentages are different than indicated on the following pages, or if payment dates are not consistent with the assumptions in the illustration, then the Policy Values will be different from those in the illustration. Note that if premium payments stop, the monthly deductions and Index Account Monthly Charge will continue to be applied against the Policy Value. Additional premiums may be required to keep the policy in force. The illustration assumes that all premiums are made as planned and are received and credited at the beginning of each modal period on the monthly policy date. Different levels of premium payments will result in different levels and periods of benefits. The annual premium that will guarantee coverage through age 121 is $8,071.20, based on the options illustrated and the death benefit pattern that would result from payment of this premium. This premium amount reflects the payment mode that you have chosen, and any lump sum contributions.

Minimum Monthly No Lapse Premium

(â&#x20AC;&#x153;MNLPâ&#x20AC;?)Your current Minimum Monthly No Lapse Premium is $373.91. The Minimum Monthly No Lapse Premium is the minimum premium necessary to avoid lapse of the policy during the No Lapse Period regardless of the Policy Value. The premium will be calculated for each policy issued. Policy and rider changes will alter the Minimum Monthly No Lapse Premium. Under certain circumstances, extra premiums may be required to prevent lapse.

Page: 2 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Narrative Summary Daren Sample Male Age 35 Preferred Plus Riders: None

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000

No Lapse Period

Issue Ages 0-60: lesser of 20 years or until age 65 Issue Ages 61-85: 5 years During the No Lapse Period, the policy will not lapse even if the Cash Surrender Value on any Monthly Policy Date is insufficient to pay the monthly deduction due, as long as the premiums paid (net of outstanding loans and/or withdrawals) meet or exceed the cumulative Minimum Monthly No Lapse Premium requirements to date. If you take a withdrawal or a loan, if you increase or decrease your Face Amount, if you change the death benefit option, or if you add, increase or decrease a rider, you may need to pay additional premiums in order to keep the No Lapse Guarantee in effect. If the requirements of the No Lapse Guarantee are not met and the Cash Surrender Value is not enough to meet the monthly deductions and the Index Account Monthly Charge, a grace period will begin and the policy will lapse unless sufficient payment is made. Allowing the policy to lapse and terminate may result in adverse tax consequences. After the No Lapse Period or if the cumulative Minimum Monthly No Lapse Premium requirements are not met, then fluctuations in interest rates and/or policy charges may require the payment of additional premiums to keep the policy in force. Guarantees are based on the claims paying ability of the Company.

No Lapse Guarantee

Payment of the Minimum Monthly No Lapse Premium assures that the policy will remain in force during the guarantee period. The Face Amount will be guaranteed regardless of Policy Value during the guarantee period, provided that the cumulative Minimum Monthly No Lapse Premium requirements are met.

Account Options

The Account Options currently available in the policy are the Basic Interest Account, the S&P 500® Index Account and the Global Index Account. You may select the percentage of net premium to be allocated to each of the three accounts. The Policy Values in this illustration are based on the illustrated premium allocations indicated below. If net premiums are allocated differently than indicated or if transfers are made, then the Policy Values will be different than those shown in this illustration.

Illustrated Premium Allocations

Basic Interest Account S&P 500® Index Account Global Index Account

Basic Interest Account

This portion of the Policy Value earns interest at current interest rates declared by the company. The Basic Interest Account consists of 12 Basic Interest Account segments. Each segment may have a different current interest crediting rate. Once an interest rate is declared for a segment, the rate applies until the next segment anniversary. The guaranteed minimum interest rate for the Basic Interest Account is 2.00%. Current interest rates for the Basic Interest Account may be more than 2.00%. Interest is credited monthly to the Basic Interest Account and each of its segments may be credited with interest at a different current interest rate.

Index Accounts

This portion of the Policy Value is credited with interest at a rate which is determined, based in part, on changes in Indexes. The S&P 500® Index Account is based, in part, on changes in the S&P 500®, excluding dividends. The Global Index Account is based, in part, on changes in the Hang Seng Index, the S&P 500® and the EURO STOXX 50® Indexes, excluding dividends. Each net premium payment or transfer into each account will be credited to a segment associated with the policy month in which it is received. The company will declare Caps for each Index and each segment. Each segment may have a different Cap. The Cap is the maximum Index Change that will be used to determine the Excess Index Interest credited to that segment. Excess Index Interest, if any, will only be credited on the segment ending date. On each segment ending date the Cap may increase or decrease for the next segment Period. Amounts removed from a segment due to loans and withdrawals will not be credited with any Excess Index Interest that might otherwise be due on a segment ending date.

Monthly Deduction

Each monthly deduction consists of the Monthly Cost of Insurance, the Monthly Policy Fee, the Monthly Expense Charge, any charges for additional benefits provided by riders and any charges for substandard premium class rating.

Index Account Monthly Charge

("IAMC") - A charge we deduct from each Index Account on each Monthly Policy Date up to the Insured's age 121.

0.00% of premium 0.00% of premium 100.00% of premium

Page: 3 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Narrative Summary Daren Sample Male Age 35 Preferred Plus Riders: None

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000

Surrender Charges

Surrender charges will be applied upon full surrender within the first fifteen policy years and for fifteen years from the date of any Face Amount increase.

Policy Value

The policy value is the starting point for calculating important values under the policy, such as the Cash Surrender Value and death benefit. The Policy Value equals the sum of the Basic Interest Account value, the S&P 500® Index Account value and the Global Index Account value, plus the Loan Reserve, if any. Policy Value is shown on a guaranteed basis and on a nonguaranteed basis.

Cash Surrender Value

The amount available to the owner upon surrender of the policy provided the policy is in force and the insured is living. The Cash Surrender Value equals the Policy Value less any surrender charges less any Loan Balance. Excess Index Interest is not credited for partial years upon surrender of the policy.

Loan Balance

Equals all outstanding policy loans, if any, and accrued loan interest. The Loan Balance decreases the death benefit and the Cash Surrender Value. Policy loans are taken pro rata from Index Accounts and the Basic Interest Account unless specified otherwise by the owner. Loans are taken from the highest numbered segments first. The amount of Policy Value equal to the Loan Balance will be credited with interest at an annual rate of 2.00%.

Policy Loans

The maximum loan interest rate on an outstanding loan balance is 3.00% with a maximum preferred rate of 2.25%, charged in arrears. The preferred interest rate is charged on amounts in excess of premiums paid, less withdrawals and outstanding loans including interest. Preferred rates are available after the tenth policy year.

Withdrawals

The policy owner may make withdrawals after the first policy year up to the available withdrawal amount. There is a $25 withdrawal fee for each withdrawal. The minimum withdrawal is $500.

Rider Description(s) The benefits below are automatically included as part of your policy at no additional charge. Terminal Illness Accelerated Death Benefit Endorsement

Terminal Illness Accelerated Death Benefit Endorsement: Allows the policy owner to accelerate the death benefit if the insured becomes terminally ill. Terminal illness is determined by a condition resulting from injury or illness which has reduced the insured's life expectancy to not more than 12 months from the date of the physician’s statement. The policy’s benefits and values will be reduced proportionally in accordance with the benefits advanced under this rider. The maximum amount of lifetime benefit that can be accelerated for an insured is 75% of the death benefit or $500,000, whichever is less. Benefits may be subject to taxation.

Overloan Protection Rider:

The Overloan Protection Rider is designed primarily for policy owners who plan to maximize distributions from their policy. This rider may be used to prevent the policy from lapsing in the event the policy meets the conditions below. If the policy owner exercises this benefit, the policy will become a paid-up policy as set forth in the rider and will not lapse. This rider is automatically included on this policy. If the rider is exercised by the Owner, a one-time charge will be assessed. The following conditions must be met to exercise this rider: 1. The policy must have been In Force for at least 15 Policy Years. 2. The Insured must be at least Age 75, but not older than Age 120. 3. The sum of all withdrawals taken from the policy must not be less than the total premiums paid. 4. The Loan Balance must exceed the Face Amount of the policy. 5. There must be sufficient Policy Value to cover the charge for this rider. The Loan Balance must not exceed 99.9% of the Policy Value after deduction of the charge for this rider. 6. Exercising the Rider Benefit must not cause the policy to violate the Guideline Premium Test under Section 7702 of the Internal Revenue Code, as amended, at any duration and must not cause the policy to become a Modified Endowment Contract under Section 7702A of the Internal Revenue Code, as amended. 7. The sum of the guideline level premiums, as defined for purposes of Section 7702 of the Internal Revenue Code, as amended, cannot become negative at any time. 8. The Death Benefit Option must be Level. If it is not, we will treat the owner’s Written Request as a request to change the Death Benefit Option to Level.

Page: 4 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Narrative Summary Daren Sample Male Age 35 Preferred Plus Riders: None

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000

Because the Overloan Protection Rider has not been selected, the benefit of this feature has been suppressed within this illustration. Riders Illustrated: None

Definitions of Key Terms and Column Headings “Age” The issue age plus the number of years the policy is assumed to have been in force. This is the age at the end of the policy year. “Class” The class of risk of the proposed insured used in preparing this illustration. The actual class will be determined when the application is underwritten and may vary from the illustrated class. If so, a revised illustration will be delivered with the policy. “Cost of Insurance” (“COI”) The amount the company charges for providing life insurance coverage under the base policy. The cost of insurance rates may be changed by the company. Any change in the cost of insurance rates will be on a uniform basis for insureds of the same class. “Cumulative Premium” Represents the sum of the premiums paid to date. “Current Assumptions” Illustrate the values that would result assuming current interest rates, current expense charges, current Caps, current assumed Index Change rates, current Index Account Monthly Charge and current Monthly Cost of Insurance rates. These assumptions are not guaranteed. The “current” assumed Index Change rate is an average calculated as explained in this narrative summary. “Guaranteed Assumptions” Illustrate the values that would result assuming guaranteed interest rates, guaranteed expense charges, guaranteed Index Account Monthly Charge and guaranteed Monthly Cost of Insurance rates. “Guaranteed Elements” The benefits, values, credits and charges that are guaranteed at issue. “Midpoint Assumptions” Illustrate the values that would result assuming interest rates, expenses and cost of insurance rates that are the average of the current and guaranteed rates. These assumptions are not guaranteed. “Non-Guaranteed Assumptions” Illustrate the values that would be generated using current, specified or midpoint assumptions. These assumptions are not guaranteed. “Non-Guaranteed Elements” The premiums, benefits, values, credits or charges under the policy that are not guaranteed or cannot be determined at issue. Non guaranteed Monthly Cost of Insurance rates, Monthly Expense Charges, Monthly Policy Fees, Index Account Monthly Charges, Premium Expense Charges, current interest rates and Caps are subject to change by the company. “Monthly Policy Fee” An expense charge that will be deducted from the policy value each month. “Premium Expense Charge” A percentage of each premium payment that is deducted from the paid premium prior to allocation to the Account Options. “Monthly Expense Charge” (“MExpChg”) Equal to the Face Amount divided by 1,000 then multiplied by the applicable Monthly Expense Charge Per Thousand.

Page: 5 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Narrative Summary Daren Sample Male Age 35 Preferred Plus Riders: None

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000

Definitions of Key Terms for Account Options Basic Interest Account Segment

A component of the Basic Interest Account. Each premium payment or transfer to the Basic Interest Account is credited to a segment associated with the policy month in which it is received. Each Basic Interest Account segment may have a different interest rate and will have its current interest calculated separately from other Basic Interest Account segments.

Beginning Date

The first Monthly Policy Date for a segment. The beginning date is reset on each segment ending date.

Cap

The maximum Index Change that can be used to determine the Excess Index interest credited to an Index Account segment. Each Index Account segment may have a different Cap. The Cap assumed in determining the S&P 500® Index Account Change used in the non-guaranteed projections in this illustration is 12.25% and is subject to change. The Cap assumed in determining the Global Index Account Change used in the non-guaranteed projections in this illustration is 13.50% and subject to change.

Changes in Cap

A Cap will be declared for each Index Account segment. The Cap may increase or decrease on each segment beginning date and may differ between Index Account segments. Once a Cap is declared for an Index Account segment it applies until the segment ending date. Each subsequent Cap will be determined as of each Index Account segment’s beginning date.

Ending Date

The date used to determine the ending value of a segment. The ending date for a segment is the last Monthly Policy Date in its segment period and is the same date as the next beginning date. The ending date is reset at that time for the next segment.

Index Account

The S&P 500® Index Account is based on the S&P 500® Index. The Global Index Account is based on 3 indexes: the S&P 500® Index, the EURO STOXX 50® Index and the Hang Seng Index. We use values published in the following currencies: S&P 500®: United States Dollars EURO STOXX 50®: Euros Hang Seng Index: Hong Kong Dollars S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The foregoing trademarks have been licensed for use by S&P Dow Jones Indices LLC. S&P® and S&P 500® are trademarks of S&P and have been licensed for use by S&P Dow Jones Indices LLC and the Company. The S&P 500® index is a product of S&P Dow Jones Indices LLC and has been licensed for use by the Company. This policy is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P nor their respective affiliates make any representation regarding the advisability of purchasing this policy. The EURO STOXX 50® is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland, and is used under license. This life insurance policy, based, in part, on the Index, is in no way sponsored, endorsed, sold or promoted by the Licensor and the Licensor shall have no liability with respect thereto. Please read the full disclaimer in the WRL Financial Foundation IUL policy regarding the Hang Seng Index in relation to the policy.

Index Account Segment

A component of an Index Account. Each net premium payment or transfer to an Index Account is credited to a segment associated with the policy month in which it is received. Each Index Account segment may have a different Cap and will have its Index Interest calculated separately from other Index Account segments. Excess Index Interest is only credited to Excess Index Account segments on the ending date of the segment.

Page: 6 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Narrative Summary Daren Sample Male Age 35 Preferred Plus Riders: None Excess Index Interest

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000

Any interest credited to an Index Account segment in excess of interest credited at the Index Account Guaranteed Minimum Interest Rate. Any Excess Index Interest for a segment will only be credited as of that segment's ending date. Excess Index Interest for an Index Account segment as of its ending date is calculated as follows: (a multiplied by b) minus c where: a is the Index Change. b is the segment’s adjusted beginning value. c is any interest previously credited to the segment during the segment period at the Index Account Guaranteed Minimum Interest Rate. We determine the segment’s adjusted beginning value by starting with any value renewing from a prior segment period, after we have applied any Excess Index Interest for that period and deducted any transfers from the segment occurring at that time. Then we add any net premiums, loan repayments and transfers applied to the segment on its beginning date. Finally, we subtract the following activity occurring in the segment during the segment period: 1. Any amounts deducted on account of withdrawals; 2. Any amounts transferred on account of policy loans; 3. One half of the amounts taken for Monthly Deductions; and 4. One half of the amounts taken for Index Account Monthly Charges. The Excess Index Interest credited to an Index Account segment will never be less than zero.

Index Value

The value of an Index as stated by its publisher.

Index Change

The percentage change in the applicable Index Values from an Index Account segment’s beginning date to its ending date. The Index Change will be used to determine the Excess Index Interest, if any. The Index Change for a Segment of the S&P 500® Index Account is calculated using the changes in the Index Values of the S&P 500®. The Index Change for a Segment of the Global Index Account is calculated using the changes in the Index Values of the S&P 500®, the EURO STOXX 50® and the Hang Seng Index. For each Index, we use published values that are based on price changes of the underlying securities, excluding the effect of dividends. For each segment, we determine the Index Values for each of these Indexes as of the beginning and ending dates. If the S&P 500® is published for the applicable date, we use the value for that date. Otherwise, we use the next published value. For each of the EURO STOXX 50® and the Hang Seng Index, we use the value that is published on the next day after the applicable date on which both that Index and the S&P 500® are published. The Index Change for a segment of the S&P 500® Index Account is the percentage change in value of the S&P 500® from the beginning date to the ending date. This change may be positive or negative, but it will be adjusted so that it will neither exceed the Cap nor be less than 0%. The Index Change for a segment in the Global Index Account is calculated as 50% of A plus 30% of B plus 20% of C where: (A) is the percentage change in value of the S&P 500® or the EURO STOXX 50®, whichever is more favorable to you. (B) is the percentage change in value of the S&P 500® or the EURO STOXX 50®, whichever is less favorable to you. (C) is the percentage change in value of the Hang Seng Index. The (A), (B) and (C) components may be positive or negative, but the Index Change for a Global Index Account segment is adjusted so that it will neither exceed the Cap nor be less than 0%. The non-guaranteed interest rates used in this illustration are only example rates and are not a prediction of actual performance.

Page: 7 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Narrative Summary Daren Sample Male Age 35 Preferred Plus Riders: None Illustrated Index Change

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000

The Illustrated Index Change Rate of 7.73% for the S&P 500® Index Account and 8.89% for the Global Index Account used in this illustration are only example rates and are not predictions of actual performance. You could have selected an Illustrated Index Change of up to 8.08% for the S&P 500® Index Account and 8.89% for the Global Index Account. For purposes of this illustration: The Index Change Rate for the S&P 500® Index Account is determined by using a weighted average of changes • in the S&P 500® Index over twelve month periods measured as of the end of each calendar month during the 25 year period ending 12-31-2013. The Index Change Rate for the Global Index Account is determined by using a weighted average of changes in • the S&P 500® Index, EURO STOXX 50® Index, and the Hang Seng Index over twelve month periods measured as of the end of each calendar month during the 21 year period ending 12-31-2013. Once the weighted average is determined, we substitute 0.75% for any Index Change that was less than 0.75%. • We substitute our Cap for any Index Change that was greater than the Cap. Each Index Account segment may have a different Cap. The current Cap does not represent the historical performance of any of the Indexes. Interest credited to the Index Account(s) in the future may be higher or lower than the figures shown, but will not be less than the minimum guaranteed interest rates.

Page: 8 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Numeric Summary Daren Sample Male Age 35 Preferred Plus Riders: None

Year 5 10 20 Age 70

Premium Outlay $7,200 $8,071 $8,071 0

Guaranteed Assumptions Cash Surrender Death Value Benefit 0 $700,000 $20,909 $700,000 $86,216 $700,000 0 0

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000

Non-Guaranteed Assumptions* Midpoint Current Cash Surrender Death Cash Surrender Value Benefit Value 0 $700,000 $3,056 $31,788 $700,000 $45,618 $142,610 $700,000 $233,715 $91,890 $484,000 $683,808

Death Benefit $700,000 $700,000 $700,000 $793,217

Based on guaranteed assumptions, coverage terminates in year 34. Based on midpoint assumptions, coverage terminates in year 37. Based on current assumptions, coverage will not terminate. All values and benefits above reflect allocation of 0.00% to the Basic Interest Account, 0.00% to the S&P 500速 Index Account, and 100.00% of the net premiums to the Global Index Account. The guaranteed values and benefits are based on guaranteed minimum interest rates of 2.00% for the Basic Interest Account, 0.75% for the S&P 500速 Index Account and 0.75% for the Global Index Account and use a one year crediting method. Charges and cost of insurance rates are the guaranteed charges. The non guaranteed midpoint values and benefits are based on an assumed interest rate of 2.75% for the Basic Interest Account, an assumed annual Index Change of 4.24% for the S&P 500速 Index Account and 4.82% for the Global Index Account. The Index Change is not in addition to the guaranteed minimum interest rate of 0.75%. Charges and cost of insurance rates are the average of guaranteed charges and current charges. The non guaranteed current values and benefits are based on an assumed interest rate of 3.50% for the Basic Interest Account, an assumed annual Index Change of 7.73% for the S&P 500速 Index Account and 8.89% for the Global Index Account and uses a one-year crediting method. The assumed annual Index Change is based on a weighted average Index Change as more fully explained in the Index Change section of the narrative summary. The Index Change is hypothetical and not expected to be applied to an actual policy. Charges and cost of insurance rates are the current charges. The midpoint and current values assume non guaranteed elements will continue unchanged for all years shown. This is not likely to occur, and actual results may be more or less favorable than those shown. The non guaranteed elements are subject to change by the company. Future changes to the non guaranteed elements by the company will depend on future cost factors. Such factors may include, but are not limited to, mortality, interest, persistency, expenses, reinsurance costs and state and federal taxes. * Calculated based on actual current non guaranteed Basic Interest Account interest rates and an average Index Change rate as explained in the Index Change section of the narrative summary. I have received a copy of this illustration, and understand that this illustration assumes that the currently illustrated non guaranteed assumptions will continue unchanged for all years shown. This is not likely to occur, and actual results may be more or less favorable than those shown. Applicant Date I have informed the applicant or policy owner that this illustration assumes that the currently illustrated non guaranteed assumptions will continue unchanged for all years shown. This is not likely to occur, and actual results may be more or less favorable than those shown.

Authorized Company Representative

Date

Page: 9 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Tabular Detail Daren Sample Male Age 35 Preferred Plus Riders: None

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000

1 Guaranteed Assumptions End of Year '&#()*( +*,-%./ @AB>C @AB>C >ACCC >ACCC EAFCC

0*(*-%,)1# '&#()*( @AB>C DA?FC ?BA?FC F?A?FC FGA=FC

'2-)3. 4%-*# ?ABD= =A?B@ >ACFF GAG=F ?FAEFC

0%56 7*&&#89#& 4%-*# C C C C C

:#%,6 ;#8#<), ECCACCC ECCACCC ECCACCC ECCACCC ECCACCC

!"# => =E =G =D @C

$#%& ? F = @ B

@? @F @= @@ @B

> E G D ?C

EAFCC GACE? GACE? GACE? GACE?

=BABFC @=ABD? B?A>>F BDAE== >EAGC@

?>AB=D F?ACDB FBABBF FDAGDC =@ACDG

>@D BAFCB DA>>F ?@ACCC FCADCD

ECCACCC ECCACCC ECCACCC ECCACCC ECCACCC

@> @E @G @D BC

?? ?F ?= ?@ ?B

GACE? GACE? GACE? GACE? GACE?

EBAGE> G=AD@E DFAC?G ?CCACGD ?CGA?>C

=DAD=C @BA>F> B?AF?B B>AEFB >FA?=?

FDAFG= =EA>G? @BADE? B@ACF@ >FA?=?

ECCACCC ECCACCC ECCACCC ECCACCC ECCACCC

B? BF B= B@ BB

?> ?E ?G ?D FC

GACE? GACE? GACE? GACE? GACE?

??>AF=F ?F@A=C= ?=FA=E@ ?@CA@@B ?@GAB?>

>EA=DE EFA@GC EEA=@? G?AD@= G>AF?>

ECCACCC ECCACCC ECCACCC ECCACCC ECCACCC

B> BE BG BD >C

F? FF F= F@ FB

GACE? GACE? GACE? GACE? GACE?

?B>ABGG ?>@A>BD ?EFAE=C ?GCAGC? ?GGAGEF

DCA?F? D=A>@E D>AGCD DDA>CG ?C?ADGC

ECCACCC ECCACCC ECCACCC ECCACCC ECCACCC

The guaranteed values and benefits are based on a guaranteed minimum annual interest of 2.00% for the Basic Interest Account and 0.75% for the Index Accounts and use a one-year crediting rate method. Charges and cost of insurance rates are the guaranteed charges. *Premium outlay values shown may be different for guaranteed and non guaranteed assumptions. Even if the premium outlay is zero, monthly deductions continue. Depending on actual results additional premiums may be needed to avoid termination of the policy.

Page: 10 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Tabular Detail Daren Sample Male Age 35 Preferred Plus Riders: None

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000

1 Guaranteed Assumptions End of Year

!"# => =? =F =E =G

$#%& ?= ?C ?@ ?D FB

'&#()*( +*,-%./ @ABC> @ABC> @ABC> @ABC> @ABC>

== =C =@: =D:

F> F? FF FE

@ABC> @ABC> HC?AB?GI HC?AB?GI

0*(*-%,)1# '&#()*( >D=ADEE ?BGAB>G ?>FAB@= ??>A>GC ??DA??@

'2-)3. 4%-*# >BFA@?C >BGAB?D >BGAECE >BGAB@? >BFA@B=

0%56 7*&&#89#& 4%-*# >BFA@?C >BGAB?D >BGAECE >BGAB@? >BFA@B=

:#%,6 ;#8#<), CBBABBB CBBABBB CBBABBB CBBABBB CBBABBB

?FCAFBB ?EGAFC> >CFAFE= >B>AF?>

>B>AGDB D@AEBF >EAGB@ B

CBBABBB CBBABBB =?@ABBB B

Page: 11 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Tabular Detail Daren Sample Male Age 35 Preferred Plus Riders: None

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000 2

Non-Guaranteed Current Assumptions End of Year '&#()*( +*,-%./ @AB>C @AB>C >ACCC >ACCC GADCC

0*(*-%,)1# '&#()*( @AB>C EA?DC ?BA?DC D?A?DC DFA=DC

'2-)3. 4%-*# DA=EF @AE?@ FAECF ?=ADCC ?FAE@>

0%56 7*&&#89#& 4%-*# C C C C =ACB>

:#%,6 ;#8#<), GCCACCC GCCACCC GCCACCC GCCACCC GCCACCC

!"# => =G =F =E @C

$#%& ? D = @ B

@? @D @= @@ @B

> G F E ?C

GADCC FACG? FACG? FACG? FACG?

=BABDC @=ABE? B?A>>D BEAG== >GAFC@

DBA?=> =DA>== @CAG?F @EA@DF BFAFCG

EAD@> ?>AG@= D@AFDF ==AB=F @BA>?F

GCCACCC GCCACCC GCCACCC GCCACCC GCCACCC

@> @G @F @E BC

?? ?D ?= ?@ ?B

FACG? FACG? FACG? FACG? FACG?

GBAFG> F=AE@G EDAC?F ?CCACFE ?CFA?>C

G?AC?C F@A?B> EFA=CE ??=ABB= ?DEAEE@

>CA=>@ G>AD?? E=AC>> ??CAFBD ?DEAEE@

GCCACCC GCCACCC GCCACCC GCCACCC GCCACCC

B? BD B= B@ BB

?> ?G ?F ?E DC

FACG? FACG? FACG? FACG? FACG?

??>AD=D ?D@A=C= ?=DA=G@ ?@CA@@B ?@FAB?>

?@GAG?G ?>>AF== ?FGA@B@ DCEAG?@ D==AG?B

GCCACCC GCCACCC GCCACCC GCCACCC GCCACCC

B> BG BF BE >C

D? DD D= D@ DB

FACG? FACG? FACG? FACG? FACG?

?B>ABFF ?>@A>BE ?GDAG=C ?FCAFC? ?FFAFGD

DBEA>CF DFGABG> =?GAGB@ =BCA=BF =FBA>DF

GCCACCC GCCACCC GCCACCC GCCACCC GCCACCC

The non guaranteed current values and benefits are based on an assumed annual interest rate of 3.50% for the Basic Interest Account, an assumed annual Index Change of 7.73% for the S&P 500速 Index Account and 8.89% for the Global Index Account and uses a one-year crediting method. The Index rates are based on a weighted average Index Change as more fully explained in the Index Change section of the narrative summary. The Index Change is hypothetical and not expected to be applied to an actual policy. Charges and cost of insurance rates are the current charges. *Premium outlay values shown may be different for guaranteed and non guaranteed assumptions. Even if the premium outlay is zero, monthly deductions continue. Depending on actual results additional premiums may be needed to avoid termination of the policy.

Page: 12 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Tabular Detail Daren Sample Male Age 35 Preferred Plus Riders: None

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000 2

Non-Guaranteed Current Assumptions End of Year 0*(*-%,)1# '&#()*( >D=ADEE ?BGAB>G ?>FAB@= ??>A>GC ??DA??@

'2-)3. 4%-*# E?FADB@ E=GAFBG G>BA>F= GG@ACFB =>>AFFG

0%56 7*&&#89#& 4%-*# E?FADB@ E=GAFBG G>BA>F= GG@ACFB =>>AFFG

:#%,6 ;#8#<), CBBABBB CBBABBB CBBABBB CBBABBB CEGA@?D

!"# => =? =F =E =G

$#%& ?= ?C ?@ ?D FB

'&#()*( +*,-%./ @ABC> @ABC> @ABC> @ABC> @ABC>

== =C =@: =D: CB:

F> F? FF FE FG

@ABC> @ABC> HC?AB?GI HC?AB?GI HC?AB?GI

?FCAFBB ?EGAFC> >CFAFE= >B>AF?> ?DA?D=

==@A?E@ C?DA=D@ C>GAG@B CBBAFE= =@FA@B@

@B>A@DC @=@AFE> @EEAF@E @>DAEBG CDFA?>C

C>: C?: CF: CE: CG:

F= FC F@ FD EB

HC?AB?GI HC?ABBBI HC?ABBBI HC?ABBBI HC?ABBBI

HE?AC?@I H>>EAC?@I H>@=AC?@I H?G@AC?@I HFFBAC?@I

CBDA?CG C=EABDB @>@AC?F @CFA>=E D?CAFGC

==GACDE =E=A?DD =?GA>F= =B?A?== GCCA=BB

CC?A>@G CEGA=F> C>GA>D= =@BA@GB =E?AG>G

C=: CC: C@: CD: @B:

E> E? EF EE EG

HC?ABBBI HC?ABBBI HC?ABBBI HC?ABBBI HC?ABBBI

HEB?AC?@I HECEAC?@I HGE=AC?@I H=>@AC?@I H=DBAC?@I

D@>A?D= >ABFEAE@E >AB@=ACDF >A>F@AB>E >A>@CADEF

GG>A>BE G??A?ED EDBA@CF EG=ACFG E>DAGD@

=BBA>=D GCFADCF GEGA?>? G>FA=F= EC@ADD=

@>: @?: @F: @E: @G:

E= EC E@ ED GB

HC?ABBBI HC?ABBBI HC?ABBBI HC?ABBBI HC?ABBBI

HC=?AC?@I H@FEAC?@I HDB=AC?@I HDC@AC?@I H>ABGBAC?@I

>A?F=A?F@ >A?@?A=G? >AF?=A@C= >AF=@AG@? >AEBCAFGB

FCDAB@C FFEAD>C ?@=ACEC ?FEA?>> >C=A@G>

EEBA@DD FDDABGB FGFABD> FB?A=EB ?ECA?>D

Page: 13 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Tabular Detail Daren Sample Male Age 35 Preferred Plus Riders: None

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000 2

Non-Guaranteed Current Assumptions End of Year '&#()*( +*,-%./ ABCDEEEF E E E E

0*(*-%,)1# '&#()*( A@D@CCDBC=F A@D@CCDBC=F A@D@CCDBC=F A@D@CCDBC=F A@D@CCDBC=F

'2-)3. 4%-*# @DGGCD=>@ @DGBHD=>= @D?EGDII= @D?H>D@?B @D?>BDCCI

0%56 7*&&#89#& 4%-*# @@GDH@C @@=DBG= @CCDBB> @C>DCIE @CID@>>

:#%,6 ;#8#<), @=>DG?? @ICDGG@ @I=DEC> CEHDEI= CEBD?CB

!"# =>: =B == =I IE

$#%& ?@ ?C ?H ?G ??

I@ IC IH IG I?

?> ?B ?= ?I >E

E E E E E

A@D@CCDBC=F A@D@CCDBC=F A@D@CCDBC=F A@D@CCDBC=F A@D@CCDBC=F

@D?I=DEI> @D>HED?IB @D>>?D@G@ @DBECDCGB @DBGCD?I>

@H@DCBE @HGDGH? @HIDE?> @G?D>GE @?GD=?B

C@@D@B? @IID>?I @=IDE@E @BID>=? @BCDC=H

I> IB I= II @EE

>@ >C >H >G >?

E E E E E

A@D@CCDBC=F A@D@CCDBC=F A@D@CCDBC=F A@D@CCDBC=F A@D@CCDBC=F

@DB=BDE@E @D=HHDEEC @D==EDBB@ @DIHEDHIH @DI=@DIIC

@>BD?@> @=@D@@= @I?D=?E C@@DBBH CCIDEEE

@E@ @EC @EH @EG @E?

>> >B >= >I BE

E E E E E

A@D@CCDBC=F A@D@CCDBC=F A@D@CCDBC=F A@D@CCDBC=F A@D@CCDBC=F

CDEHEDH>B CDE=ED@H= CD@H@D@=C CD@=HD?@G CDCHBDEBB

CGCDH@? C?>DHC> CBED=IH C=>DECE HE@D>HH

C>CD>@I CBBD@CB CICDCE? HEBD=?? HCGDEEH

@E> @EB @E= @EI @@E

B@ BC BH BG B?

E E E E E

A@D@CCDBC=F A@D@CCDBC=F A@D@CCDBC=F A@D@CCDBC=F A@D@CCDBC=F

CDCI@D=>I CDHGBDI>G CDGE?DCB> CDG>HDB=> CD?CHDG>G

H@BDB@> HHGDHCB H?@DH>B H>=DBII H=>D?BB

HGED>HG H?BD=EB HB?DGCE HIHDGHB G@@D=@@

Page: 14 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Tabular Detail Daren Sample Male Age 35 Preferred Plus Riders: None

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000 2

Non-Guaranteed Current Assumptions End of Year '&#()*( +*,-%./ @ @ @ @ @

0*(*-%,)1# '&#()*( A=B=CCB>CDE A=B=CCB>CDE A=B=CCB>CDE A=B=CCB>CDE A=B=CCB>CDE

'2-)3. 4%-*# CBFDGB=?F CB?GFBD=G CB>@DBI@D CB>>GB@DF CBDG=BHFH

0%56 7*&&#89#& 4%-*# G@GBFG@ GCCBFI? GG=BCC> G?=B@GI GDCB@F>

:#%,6 ;#8#<), GH@BHDC GGIB@FG G?DBH=? GDDB>I@ F=@BG>@

!"# === ==C ==H ==G ==F

$#%& >? >> >D >I D@

==? ==> ==D ==I =C@

D= DC DH DG DF

@ @ @ @ @

A=B=CCB>CDE A=B=CCB>CDE A=B=CCB>CDE A=B=CCB>CDE A=B=CCB>CDE

CBI=@BDFH CBIDCB>G= HB@F>B@F@ HB=HHBIF@ HBC=HB?CG

F@GBH>= FCDB=CI FFHBHG? FD@B=>C ?@DB>>@

FHHBGD@ FF>BIF? FDHBI=> ?==BF== ?G@BI@?

=C=

A=B=CCB>CDE

HBCI?B=C@

?HIB=?I

?>CB=H@

Page: 15 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Tabular Detail Daren Sample Male Age 35 Preferred Plus Riders: None

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000

3 Non-Guaranteed Midpoint Assumptions End of Year '&#()*( +*,-%./ @AB>C @AB>C >ACCC >ACCC EAFCC

0*(*-%,)1# '&#()*( @AB>C DA?FC ?BA?FC F?A?FC FGA=FC

'2-)3. 4%-*# ?ADD> @ACFD EA@F> ?CADFF ?BA>BF

0%56 7*&&#89#& 4%-*# C C C C C

:#%,6 ;#8#<), ECCACCC ECCACCC ECCACCC ECCACCC ECCACCC

!"# => =E =G =D @C

$#%& ? F = @ B

@? @F @= @@ @B

> E G D ?C

EAFCC GACE? GACE? GACE? GACE?

=BABFC @=ABD? B?A>>F BDAE== >EAGC@

FCAB=C F>A=ED =FA@CE =GA>CE @@ADEE

@A>@C ?CA@GD ?>AB?E FFAE?E =?AEGG

ECCACCC ECCACCC ECCACCC ECCACCC ECCACCC

@> @E @G @D BC

?? ?F ?= ?@ ?B

GACE? GACE? GACE? GACE? GACE?

EBAGE> G=AD@E DFAC?G ?CCACGD ?CGA?>C

B=A@B? >FA?G@ E?A?DF GCABC? DCA??D

@FAGCB B@AF=D >BAD@G EEAEDD DCA??D

ECCACCC ECCACCC ECCACCC ECCACCC ECCACCC

B? BF B= B@ BB

?> ?E ?G ?D FC

GACE? GACE? GACE? GACE? GACE?

??>AF=F ?F@A=C= ?=FA=E@ ?@CA@@B ?@GAB?>

?CCAC=G ??CAFBB ?FCAE>? ?=?ABB> ?@FA>?C

ECCACCC ECCACCC ECCACCC ECCACCC ECCACCC

B> BE BG BD >C

F? FF F= F@ FB

GACE? GACE? GACE? GACE? GACE?

?B>ABGG ?>@A>BD ?EFAE=C ?GCAGC? ?GGAGEF

?B=AD?D ?>BA@DD ?EEA=>F ?GDAB=B FCFACFE

ECCACCC ECCACCC ECCACCC ECCACCC ECCACCC

The non guaranteed midpoint values and benefits are based on an assumed annual interest rate of 2.75% for the Basic Interest Account, an assumed annual Index Change of 4.24% for the S&P 500速 Index Account and 4.82% for the Global Index Account. The Index Change is not in addition to the guaranteed minimum interest rate of 0.75%. Charges and cost of insurance rates are the average of guaranteed and current charges. *Premium outlay values shown may be different for guaranteed and non guaranteed assumptions. Even if the premium outlay is zero, monthly deductions continue. Depending on actual results additional premiums may be needed to avoid termination of the policy.

Page: 16 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Tabular Detail Daren Sample Male Age 35 Preferred Plus Riders: None

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000

3 Non-Guaranteed Midpoint Assumptions End of Year 0*(*-%,)1# '&#()*( >D=ADEE ?BFAB>F ?>GAB@= ??>A>FC ??DA??@

'2-)3. 4%-*# ?>EA@== ??CADFG ?E>A?CG ?FEA@?@ ?=@A=F?

0%56 7*&&#89#& 4%-*# ?>EA@== ??CADFG ?E>A?CG ?FEA@?@ ?=@A=F?

:#%,6 ;#8#<), CBBABBB CBBABBB CBBABBB CBBABBB CBBABBB

!"# => =? =G =E =F

$#%& ?= ?C ?@ ?D GB

'&#()*( +*,-%./ @ABC> @ABC> @ABC> @ABC> @ABC>

== =C =@: =D: CB:

G> G? GG GE GF

@ABC> @ABC> HC?AB?FI HC?AB?FI HC?AB?FI

?GCAGBB ?EFAGC> >CGAGE= >B>AG?> ?DA?D=

?@?AC@G ?DCA?E> ?G>AD?C >=GAFF> D>A@DB

CBBABBB CBBABBB =?@ABBB FF=ABBB E@EABBB

C>: C?:

G= GC

HC?AB?FI HC?ABBBI

HE?AC?@I H>>EAC?@I

=BABDD B

>=AF=E B

E>>ABDE B

Page: 17 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Supplemental Footnotes and Additional Information Daren Sample Male Age 35 Preferred Plus Riders: None

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000

Tabular Detail Supplemental Footnotes D A requested distribution (loan and/or withdrawal) has been illustrated in this year. The policy value, cash surrender value and net death benefit may reflect a reduction in value due to the loans and/or withdrawals. Please refer to the supplemental illustration for the exact amount of the distribution(s) If the planned premium payment is insufficient to provide the coverage desired, this illustration will show the death benefit to be expired (as indicated by “0”). This means that the policy and any riders will lapse unless a higher premium is paid, a higher interest rate has been credited, benefits are reduced, or current charges are more favorable than those used in this illustration. Information regarding a Modified Endowment Contract Amounts withdrawn or borrowed from a Modified Endowment Contract (“MEC”), or the pledge of a MEC, prior to the death of the Insured will be taxable to the extent of any gain in the contract. In addition, if the owner is not yet 59 1/2 or if the owner is not an individual (such as a trust, for example), the taxable amounts may be subject to a 10% penalty tax. Under the Federal Income Tax Law, a life insurance contract becomes a MEC when actual premiums paid exceed a specified 7-Pay premium limit applicable initially for the first seven policy years and may also become a MEC when there are certain reductions in policy benefits. New 7-Pay premium limits for succeeding seven-year periods may be established for the policy as a result of certain changes in policy terms or benefits. All MECs issued by Western Reserve Life Assurance Co. of Ohio and its affiliates to the same owner during any calendar year will be treated as one MEC. If there is an IRC Section 1035 Exchange of a life insurance contract that is not a MEC for another life insurance contract, the cash value in the existing contract will be reflected in the 7-pay premium limit calculation for the new contract following the exchange. If the original policy was a MEC, the new policy received in exchange will also be a MEC. You should consult with and rely on your qualified tax advisor as to the implications of any withdrawal, loan, surrender, pledge, exchange or collateral assignment of a life insurance policy. Based on the premium payments and activities illustrated, this policy will not become a Modified Endowment Contract (“MEC”). Guideline Premium Test The tax code defines a life insurance contract for federal income tax purposes. The illustrated policy satisfies the definition of life insurance for federal income tax purposes using the Guideline Premium Test (GPT). The GPT requires that the premiums paid on a life insurance policy must not exceed the maximum guideline premium limitation, calculated as set forth in IRC Section 7702. The limitation is equal to the greater of (a) the Guideline Single Premium or (b) the cumulative sum of the Guideline Annual Premiums. Additionally the GPT requires that a certain minimum margin be maintained between the death benefit and the Policy Value. To ensure compliance with federal income tax law, Western Reserve Life Assurance Co. of Ohio will monitor the level of death benefit and premiums, and reserves the right to adjust the death benefit and limit or refund any amount of premium, to preserve the qualification of the policy as a life insurance contract. As provided in the policy, Western Reserve Life Assurance Co. of Ohio will automatically adjust the death benefit to maintain the required minimum margin between the Policy Value and the death benefit in order to preserve the qualification of the policy as a life insurance contract. Please note that the death benefit may increase and then decrease to maintain the minimum margin. Increasing the death benefit may increase the cost of insurance charges for the policy. Changes or transactions that reduce benefits may require a distribution of cash from the policy to you in order to maintain the status of the policy as a life insurance contract. If your policy is not a Modified Endowment Contract (MEC), some or all of a distribution that is required due to a benefit reduction in the first fifteen policy years may be taxable as ordinary income, while such distributions in later years will be non-taxable to the extent of your basis in the policy. If your policy is a MEC, a distribution in any year will be taxable as ordinary income to the extent of gain in the contract. Under the GPT, distributions required as a result of a requested change or transaction may be required in the year of the change and in future years thereafter. Western Reserve Life Assurance Co. of Ohio and its agents cannot give tax, legal, or accounting advice. Please consult your personal tax advisor, attorney or accountant. Target: 7-Pay: Initial Minimum No Lapse Premium:

$5,978.00 $23,225.63 $4,486.92

Guideline Single Premium: Guideline Annual Premium:

$93,882.81 $8,071.22

Page: 18 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Supplemental Illustrations-Loans/Withdrawals-Current Assumptions Daren Sample Male Age 35 Preferred Plus Riders: None

!"# $#%& CD E CJ K CL C CM F FI H

Monthly Premium: Death Benefit Option: Initial Face Amount:

'&#()*( +*,-%. /),01&%2%-3 FGHDI I FGHDI I DGIII I DGIII I JGKII I

$380.00 Level $700,000

45%63 I I I I I

45%6 70%&"#3 I I I I I

45%6 86,#&#3, 7&#1),#1 I I I I I

'5-)9.:;%-*# <#,:5= >*&&#61#& 70%&"#3 I I I I CGIHD

45%6 ?%-%69# I I I I I

45%6 @#A%.(#6, I I I I I

7%30 >*&&#61#& ;%-*# I I I I CGIHD

B#%,0 ?#6#=), JIIGIII JIIGIII JIIGIII JIIGIII JIIGIII

FE FK FC FF FH

D J L M EI

JGKII LGIJE LGIJE LGIJE LGIJE

I I I I I

MGKFD EDGJFC KFGLKL CCGHCL FHGDEL

I I I I I

MGKFD EDGJFC KFGLKL CCGHCL FHGDEL

JIIGIII JIIGIII JIIGIII JIIGIII JIIGIII

FD FJ FL FM HI

EE EK EC EF EH

LGIJE LGIJE LGIJE LGIJE LGIJE

I I I I I

DIGCDF JDGKEE MCGIDD EEIGLHK EKMGMMF

I I I I I

DIGCDF JDGKEE MCGIDD EEIGLHK EKMGMMF

JIIGIII JIIGIII JIIGIII JIIGIII JIIGIII

HE HK HC HF HH

ED EJ EL EM KI

LGIJE LGIJE LGIJE LGIJE LGIJE

I I I I I

EFJGJEJ EDDGLCC ELJGFHF KIMGJEF KCCGJEH

I I I I I

EFJGJEJ EDDGLCC ELJGFHF KIMGJEF KCCGJEH

JIIGIII JIIGIII JIIGIII JIIGIII JIIGIII

HD HJ HL HM DI

KE KK KC KF KH

LGIJE LGIJE LGIJE LGIJE LGIJE

I I I I I

KHMGDIL KLJGHJD CEJGJHF CHIGCHL CLHGDKL

I I I I I

KHMGDIL KLJGHJD CEJGJHF CHIGCHL CLHGDKL

JIIGIII JIIGIII JIIGIII JIIGIII JIIGIII

DE DK DC DF DH

KD KJ KL KM CI

LGIJE LGIJE LGIJE LGIJE LGIJE

I I I I I

FKCGMIL FDHGCIH HEIGECD HHLGJCI DEEGCCH

I I I I I

FKCGMIL FDHGCIH HEIGECD HHLGJCI DEEGCCH

JIIGIII JIIGIII JIIGIII JIIGIII JFHGLKM

Currently illustrated non guaranteed elements are subject to change by the company and actual policy results may be more or less favorable than shown. Please refer to the basic illustration for your life insurance policy’s guaranteed elements and other important information.

Page: 19 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

!"# $#%& CC DE CI DJ CF DD CL DK IH DM

Monthly Premium: Death Benefit Option: Initial Face Amount:

'&#()*( +*,-%. /),01&%2%-3 FGHIE H FGHIE H H IJGHJM H IJGHJM H IJGHJM

$380.00 Level $700,000

45%63 H H H H H

45%6 70%&"#3 H H H H H

45%6 86,#&#3, 7&#1),#1 H H H H H

'5-)9.:;%-*# <#,:5= >*&&#61#& 70%&"#3 CCFGJKF IJLGCLF IEMGMFH IHHGDKC CFDGFHF

45%6 ?%-%69# H H H H H

45%6 @#A%.(#6, H H H H H

7%30 >*&&#61#& ;%-*# CCFGJKF IJLGCLF IEMGMFH IHHGDKC CFDGFHF

B#%,0 ?#6#=), FHEGFLI FCFGDKE FKKGDFK FELGKHM ILDGJEI

IE IJ ID IK IM

DC DI DF DL KH

H H H H H

JLGDLC H H H H

KJGCJL IJGHHH IJGHHH IJGHHH IJGHHH

FMD JGDEH DGILC MGDEJ CGFMF

IFE JGEFF DGCIM MGELH CGIDI

IHLGJIM ICKGHLH FEFGIJD FIDGECK LJIGDMI

KDGKFE EEIGILE ELDGMFI JIHGFLL DKLGIMI

H H H H H

CCMGILK CKCGJLL CJMGEDC CHJGJCC MIIGCHH

IIJGEFM IKMGCDE IEMGELC CFHGFMH CKJGMEM

IC II IF IL FH

KE KJ KD KK KM

H H H H H

IJGHHH IJGHHH IJGHHH IJGHHH IJGHHH

FGKDM EHGHKK EEGCFM EDGDMF EMGHCC

FGDEK LGLJD EEGMCD EDGJDI EKGLKK

LFEGJLC EGHDKGKFK EGHFCGILD EGEDFGHEK EGEFIGLKD

KDHGELJ MEJGJDM MLMGLJH CFEGJIL ICFGDKK

H H H H H

MMEGEHK MJJGJKL KLHGFID KMCGIDM KELGMLF

CHHGECL MIDGLID MKMGJEJ MEDGCDC KIFGLLC

FE FJ FD FK FM

KC KI KF KL MH

H H H H H

IJGHHH IJGHHH IJGHHH IJGHHH IJGHHH

ECGFHI EFGMFD JHGDLM JJGJKD JKGEJI

ECGCFC EFGKCJ JHGJID JJGEJE JKGHHC

EGJDCGJDF EGJFJGCMJ EGDJCGFIC EGDCFGMFJ EGKHIGDMH

FMIGEME LKIGIDK EGHKHGEJL EGEDKGDIE EGJDHGKLL

H H H H H

DILGHFI DDKGLEI JFCGIKI JDKGJEE EICGFME

KKHGFLL DLLGHMH DMDGHLE DHJGCKH JKIGJEL

FC FI FF FL LH

ME MJ MD MK MM

H H H H H

IJGHHH H H H H

JCGHMH JCGMIE JIGEHJ JIGCKK JFGELI

JMGLJL JCGMIE JIGEHJ JIGCKK JFGELI

EGKKJGFCE EGKIDGFCF EGMHKGLLF EGMDCGEMI EGMCIGJJL

EGDJFGMKL EGDMMGEJH EGDFJGJJJ EGKHLGFCI EGKDFGHCK

H H H H H

EEKGDEJ EEFGIKF EJJGIIC EJCGJLH EJLGECC

EFCGKMM ELJGKKE ELFGHJC JHDGHLF JHIGMJI

LE LJ LD LK LM

MC MI MF ML CH

H H H H H

JFGICE JLGDDI JLGLJD DHGMJJ DEGEDJ

EGMLFGHLC EGCDHGMLI EGCCMGEKE EGIHJGJKI EGIKJGMLC

EGKCCGFJM EGKLCGECJ EGMJCGHFM EGMMCGCHI EGMFIGIDL

H H H H H

EDEGJIH EDKGKDM EDLGHMC EKMGCKH EMKGFMI

JEEGEIM ELLGCML EFLGHEH EILGCFM EIJGJFD

Page: 20 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

!"# $#%& CD DE CI DM CK DG CC DL EFF DJ

Monthly Premium: Death Benefit Option: Initial Face Amount:

'&#()*( +*,-%. /),01&%2%-3 F F F F F F F F F F

$380.00 Level $700,000

45%63 F F F F F

45%6 70%&"#3 GEHIJJ GMHGCF GGHFGK GGHDCK GLHGIM

45%6 86,#&#3, 7&#1),#1 GEHIJJ GMHGCF GGHFGK GGHDCK GLHGIM

'5-)9.:;%-*# <#,:5= >*&&#61#& 70%&"#3 EHIKIHFEF EHKGGHFFM EHKKFHIIE EHCGFHGCG EHCKEHCCM

45%6 ?%-%69# EHDECHLCG EHDJEHKKG EHDKLHCME EHIEKHDEC EHIJMHCCM

45%6 @#A%.(#6, F F F F F

7%30 >*&&#61#& ;%-*# EDIHJED EKEHEEK ECJHKJF MEEHIIG MMCHFFF

B#%,0 ?#6#=), EDIHJED EKEHEEK ECJHKJF MEEHIIG MMCHFFF

EFE EFM EFG EFL EFJ

DD DI DK DC IF

F F F F F

GJHFDF GJHIDE GDHLID GIHMFD GIHCJF

MHFGFHGDI MHFKFHEGK MHEGEHEKM MHEKGHJEL MHMGIHFII

EHIKKHFJM EHKMGHKEG EHKDFHMKC EHKCIHLCJ EHCGJHLLJ

F F F F F

MLMHGEJ MJDHGMD MIFHKCG MKDHFMF GFEHDGG

MDMHDEC MIIHEMI MCMHMFJ GFIHKJJ GMLHFFG

EFD EFI EFK EFC EEF

IE IM IG IL IJ

F F F F F

GKHIFC GCHLKG LFHMIG LEHFIK LEHCFF

MHMCEHKDC MHGLIHCDL MHLFJHMID MHLDGHIKD MHJMGHLDL

EHCILHEJL MHFEGHDGI MHFJGHCFC MHFCLHCKK MHEGDHKKI

F F F F F

GEIHIED GGLHGMI GJEHGDI GDKHICC GKDHJII

GLFHDGL GJIHKFI GIJHLMF GCGHLGI LEEHKEE

EEE EEM EEG EEL EEJ

ID II IK IC KF

F F F F F

LMHIGK LGHJCG LLHLDL LJHGJL LDHMDE

MHJKLHEDJ MHDLJHKEL MHIFKHCFK MHIILHFKJ MHKLEHGJG

MHEICHDMJ MHMMGHMEK MHMDIHDKM MHGEGHFGD MHGJCHMCD

F F F F F

LFLHJLF LMMHJCD LLEHMMI LDEHFLC LKMHFJI

LGFHGKM LLCHFJL LDKHGED LKKHICF JEFHLIF

EED EEI EEK EEC EMF

KE KM KG KL KJ

F F F F F

LIHEKD LKHEGF LCHFCM JFHFIL JEHFID

MHCEFHKJG MHCKMHILE GHFJIHFJF GHEGGHCJF GHMEGHDML

MHLFDHLKM MHLJLHDEM MHJFGHIFL MHJJGHIIK MHDFLHKJL

F F F F F

JFLHGIE JMKHEMC JJGHGLD JKFHEIM DFKHIIF

JGGHLKF JJIHCJD JKGHCEI DEEHJEE DLFHCFD

EME

JMHFCI

GHMCDHEMF

MHDJDHCJE

DGCHEDC

DIMHEGF

Page: 21 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Cost and Values Ledger Daren Sample Male Age 35 Preferred Plus Riders: None

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000

Ledger of Charges and Values Calculations based on Non Guaranteed Assumptions* FOR GUARANTEED AND NON GUARANTEED NET SURRENDER VALUES, PLEASE SEE THE PAGES ENTITLED TABULAR DETAIL

'&#()*( +*,-%. HIJFK HIJFK FIKKK FIKKK OIMKK

'&#()*( /01#23# 45%&"#3 GLM MOH EFK EFK HEM

Policy Value Charges 64+787!948 9/01 ':-);. 45%&"#3 <## GILNG GMK GINHO GMK MIKKN GMK MIKFN GMK MIGEH GMK

4&#=),#= 72,#&#3, EM MNF HLE LHG GIMEE

6':-);. >%-*# MIENL HINGH LINKL GEIMKK GLINHF

?%3#6@#, !(:*2, %,6A)3B FNOIHJO FNHINJG FNKINLM FLFIOGO FLGIKKN

C#%,5 ?#2#D), OKKIKKK OKKIKKK OKKIKKK OKKIKKK OKKIKKK

!"# EF EO EL EN HK

$#%& G M E H J

HG HM HE HH HJ

F O L N GK

OIMKK LIKOG LIKOG LIKOG LIKOG

HEM HLH HLH HLH HLH

MIMKE MIMOH MIEJG MIHHK MIJHM

GMK GMK GMK GMK GMK

GIOHJ MIEKH MINFL EIFLE HIHJH

MJIGEF EMIFEE HKIOGL HNIHML JLILKO

FOHILFK FFOIHGJ FJNIELF FJKIOEH FHGIHGN

OKKIKKK OKKIKKK OKKIKKK OKKIKKK OKKIKKK

HF HO HL HN JK

GG GM GE GH GJ

LIKOG LIKOG LIKOG LIKOG LIKOG

GFG GFG GFG GFG GFG

LNN GIKEL GIGNH GIEJJ GIJGF

GMK GMK GMK GMK GMK

JIEGE FIENH OIJJO LILKN GKIGFL

OGIKGK LHIGJF NLIEKN GGEIJJE GMNINNH

FMNIHJK FGFIENH FKMIEEF JLOIGNF JOKILOL

OKKIKKK OKKIKKK OKKIKKK OKKIKKK OKKIKKK

JG JM JE JH JJ

GF GO GL GN MK

LIKOG LIKOG LIKOG LIKOG LIKOG

GFG GFG GFG GFG GFG

GIFLK GILJH MIKHG MIMHE MIHJJ

GMK GMK GMK GMK GMK

GGIFGE GEIGLG GHILOM GFIOGE GLIFFF

GHOIOGO GFFILEE GLOIHJH MKNIOGH MEEIOGJ

JJEIMON JEHIMNF JGEILMK HNGIOEE HFOINKM

OKKIKKK OKKIKKK OKKIKKK OKKIKKK OKKIKKK

JF JO JL JN FK

MG MM ME MH MJ

LIKOG LIKOG LIKOG LIKOG LIKOG

GFG GFG GFG GFG GFG

MIFLO MINMF EIGFL EIHGE EIFJK

GMK GMK GMK GMK GMK

MKIONK MEIGKH MJIJJF MLIMMO EGIGMN

MJNIFKL MLOIJOF EGOIOJH EJKIEJL ELJIFML

HHMIGNE HGHIHHF ELHIHLF EJMIGMK EGOIGMF

OKKIKKK OKKIKKK OKKIKKK OKKIKKK OKKIKKK

FG FM FE FH FJ

MF MO ML MN EK

LIKOG LIKOG LIKOG LIKOG LIKOG

GFG GFG GFG GFG GFG

EINHO HIGNL HIHHK HIFJL JIKMJ

GMK GMK GMK GMK GMK

EHIHEL EOILKJ HGIHLM HJIHFM HNILHK

HMEINKL HFJIEKJ JGKIGEF JJLIOEK FGGIEEJ

MONIGJN MELIKOE GNEIJLG GHJIEJN GEEIHNH

OKKIKKK OKKIKKK OKKIKKK OKKIKKK OHJILMN

*Non guaranteed values and benefits are based on an assumed annual interest rate of 3.50% for the Basic Interest Account, an assumed annual Index Change of 7.73% for the S&P 500速 Index Account and an assumed annual Index Change of 8.89% for the Global Index Account and uses a one-year crediting method. The assumed annual Index Change of 8.89% is based on a weighted average Index Change as more fully explained in the Index Change section of the narrative summary. The Index Change is hypothetical and not expected to be applied to an actual policy. Charges and cost of insurance rates are the current charges. NOT VALID UNLESS ACCOMPANIED BY BASIC ILLUSTRATION; SEE BASIC ILLUSTRATION FOR GUARANTEED VALUES

Page: 22 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Cost and Values Ledger Daren Sample Male Age 35 Preferred Plus Riders: None

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000

Ledger of Charges and Values Calculations based on Non Guaranteed Assumptions* FOR GUARANTEED AND NON GUARANTEED NET SURRENDER VALUES, PLEASE SEE THE PAGES ENTITLED TABULAR DETAIL '&#()*( /01#23# 45%&"#3 GEG GEG J J J

Policy Value Charges 64+787!948 9/01 ':-);. 45%&"#3 <## LIMNM GOJ EIJON GOJ LINEM GOJ LIHLO GOJ LIKFK GOJ

4&#=),#= 72,#&#3, LMIEGK LNIENJ EFINNJ EOIKEM EGIFMF

6':-);. >%-*# EEHIOMH KONIENH KGLILHJ KJJIFME EHFIHJH

?%3#6@#, !(:*2, %,6A)3B GFOIELE GFKIEGO GOKIHMH GGHIGEE GJHILHN

C#%,5 ?#2#D), HJGIHNK HEHIFMG HMMIFHM HGNIMJL KNFIOGK

!"# EE EK EH EN KJ

$#%& FG FO FF FM FL

'&#()*( +*,-%. HIJKG HIJKG PKOIJOLQ PKOIJOLQ PKOIJOLQ

KG KO KF KM KL

FE FK FH FN MJ

PKOIJOLQ PKOIJJJQ PKOIJJJQ PKOIJJJQ PKOIJJJQ

J J J J J

LIEEK LILKK LIMLL LIOKN LIJFE

GOJ GOJ GOJ GOJ GOJ

EJIELJ EJILGO EJIOJH LNIHMJ LNIFMH

KJNIOKL KEMIJNJ HGHIKOF HKFIGEM NOKIFLK

GJLIEMF NHIENE HNILMJ KHIGKE EMIEGJ

KKOIGHL KMLIEFG KGLIGNE EHJIHLJ EMOILGL

KE KK KH KN HJ

MG MO MF MM ML

PKOIJJJQ PKOIJJJQ PKOIJJJQ PKOIJJJQ PKOIJJJQ

J J J J J

MIKGG MIELF MIEJK MILKK MILKL

GOJ GOJ GOJ GOJ GOJ

LHIKKJ LKINEG LKIJFL LLINGH LMIEOF

NHGIONE GIJFMIMHM GIJHEIKNF GIGFHIJGM GIGHKINMF

MHIHLM LGILOL LMIGLM LEIKON LNIOFN

EJJIGEN LKFINKF LMLIOGO LGFIEFE MKHINNE

HG HO HF HM HL

ME MK MH MN LJ

PKOIJJJQ PKOIJJJQ PKOIJJJQ PKOIJJJQ PKOIJJJQ

J J J J J

MIEJK MIEEM MIKMJ MIHML MINKL

GOJ GOJ GOJ GOJ GOJ

LFIJOF LGIGNH MNIJHL MEIEKG MFIHEF

GIOFEIOFH GIOHOIELO GIFOEIHKE GIFEHILHO GIMJKIFLJ

EGIEKG EMIJGG EEIOMO EHIFMN KJIFGF

MMJIHNN FNNIJLJ FLFIJNG FJOIEMJ OMKIOGN

HE HK HH HN NJ

LG LO LF LM LL

PKOIJJJQ J J J J

J J J J J

LIGGE LIHOE EIEOH KILOG HILJM

GOJ GOJ GOJ GOJ GOJ

MJIKME FEINLM FKIHKN FHIKNN FNIENE

GIMMOIHEG GIMKFIHEH GILJMINNH GILFEIGLK GILEKIOON

KOIGGO KFIEEJ KLIOGL KEIKKO KHIFOM

GHEIMLL GNOIMMG GNHIJOE OJFIJNH OJKILOK

NG NO NF NM NL

LE LK LH LN EJ

J J J J J

NILMG HIKJN KILOE LINFM FIHLM

GOJ GOJ GOJ GOJ GOJ

MJILOK MGIFFJ MOIGNJ MFIGEJ MMIFOF

GILNHIJNE GIEFJILNK GIEELIGMG GIKJOIOMK GIKMOILNE

KNIHEK ELIGHK MNINOJ FMIJGE GKIMJH

OGGIGKL GNNIELN GHNIJGJ GKNIEHL GKOIOHF

Page: 23 of 24

Ver: 5.4.5.8 State: CO

Western Reserve Life Assurance Co. of Ohio

WRL Financial Foundation IULSM Flexible Premium Adjustable Life Insurance with an Index Account Option Cost and Values Ledger Daren Sample Male Age 35 Preferred Plus Riders: None

Monthly Premium: Death Benefit Option: Initial Face Amount:

$380.00 Level $700,000

Ledger of Charges and Values Calculations based on Non Guaranteed Assumptions* FOR GUARANTEED AND NON GUARANTEED NET SURRENDER VALUES, PLEASE SEE THE PAGES ENTITLED TABULAR DETAIL

'&#()*( +*,-%. H H H H H

'&#()*( /01#23# 45%&"#3 H H H H H

Policy Value Charges 64+787!948 9/01 ':-);. 45%&"#3 <## GIGEH GJH GIJNF GJH GIOEH GJH GILHJ GJH GIFJK GJH

4&#=),#= 72,#&#3, KLIMJK KMIOEE KEIJNH LGIJKO LOIOKO

6':-);. >%-*# GIMNMIHGH GINOOIHHJ GINNHIMMG GIEOHIOEO GIENGIEEJ

?%3#6@#, !(:*2, %,6A)3B H H H H H

C#%,5 ?#2#D), GFMILGF GNGIGGN GELINLH JGGIMMO JJEIHHH

!"# EF EM EN EE GHH

$#%& FG FJ FO FK FL

GHG GHJ GHO GHK GHL

FF FM FN FE MH

H H H H H

MIHOL MIFMF NIONH EIGLF GHIHHM

GJH GJH GJH GJH GJH

LLILOH LMILFN LEILKK FGIFHN FOIFEH

JIHOHIOFM JIHNHIGON JIGOGIGNJ JIGNOILGK JIJOMIHMM

JHIJFE JHIMFK JGIJMG JGIMEG JJIOJO

JFJIFGE JMMIGJM JEJIJHL OHMINLL OJKIHHO

GHF GHM GHN GHE GGH

MG MJ MO MK ML

H H H H H

GHIEKO GGINEG GJIEOH GKIHMG GLIOJF

GJH GJH GJH GJH GJH

FLINLL FNIGHF MHIOFJ MJIMHJ MLIGJO

JIJEGINFE JIOKMIEFK JIKHLIJMF JIKFOIMNF JILJOIKFK

JJINFM JOIKJK JOIEEJ JKILMO JLIGFL

OKHIFOK OLMINHM OMLIKJH OEOIKOM KGGINGG

GGG GGJ GGO GGK GGL

MF MM MN ME NH

H H H H H

GFIMHN GNIJOO GEIJEK GEINGE JHIOFL

GJH GJH GJH GJH GJH

MMILJE NHIHHJ NJILHE NLIGGL NMIMLO

JILNKIGFL JIFKLINGK JIMHNIEHN JIMMKIHNL JINKGIOLO

JLIMFM JFIOME JMIHHL JMIFLH JNIOGF

KOHIONJ KKEIHLK KFNIOGF KNNIMEH LGHIKMH

GGF GGM GGN GGE GJH

NG NJ NO NK NL

H H H H H

JHIEOO JGILJL JJIGKG JJIMNK JOIKLK

GJH GJH GJH GJH GJH

EHILLK EOILOJ EFILMG EEINHO GHOIJKN

JIEGHINLO JIENJIMKG OIHLMIHLH OIGOOIELH OIJGOIFJK

JEIHHK JEIMGL OHIKKE OGIJHE OGIEEF

LOOIKNH LLMIELF LNOIEGM FGGILGG FKHIEHF

GJG

JKIGLL

GJH

GHFIMMG

OIJEFIGJH

OJINGG

FMJIGOH

Page: 24 of 24

Ver: 5.4.5.8 State: CO