MasterChoice EIUL. The Industry’s Best Equity Indexed Universal Life – No Lapse Premium Guarantee to Age 100 – 15 Year Minimum Death Benefit Guarantee.

MasterChoice EIUL

MasterChoice EIUL

The Industry’s Best Equity Indexed Universal Life

– No Lapse Premium Guarantee to Age 100

– 15 Year Minimum Death Benefit Guarantee

– Outstanding Cash Accumulation

– Liberal “Catch-Up” Provision

– Two Years to Collect First Year Commission

MasterChoice EIUL

The Industry’s Best Equity Indexed Universal Life

– Extended Maturity Option

– Unbeatable Liquidity with Surrender Charge Waiver

– Current Illustrative Rates• 9.91% on Indexed Account• 5% on Fixed Account

– 100% Participation Rate Guarantee

MasterChoice EIUL

The Industry’s Best Equity Indexed Universal Life– 17% Current Cap Rate with 3% Minimum

Guarantee Cap Rate

– Point-To-Point Annual Reset

– Ultimate Flexibility – choice between Indexed Account (S&P 500) and Fixed Account Options

– Simple Underwriting Guidelines

– Liberal Preferred Underwriting Requirements

• Issue ages: 0 - 85 (age last birthday)

• Minimum Face Amount: $100,000

• Maximum Face Amount: None

• Four Premium Classes– Preferred Nontobacco - 24 months– Nontobacco - 12 months– Preferred Tobacco– Tobacco

MasterChoice EIUL

• Guaranteed interest rate: 1%

• Current illustrative interest rates

– Equity Indexed Account: 9.91%*– Fixed Account: 5% (guaranteed for 1st

policy year)

• Surrender charge period: 15 Years

* Based upon last 15 Years Performance of S&P 500

MasterChoice EIUL

MasterChoice EIUL

• Withdrawals and partial surrenders permitted after first year ($500 minimum with a $25 charge)

• “Low Cost” policy loans for 1st 10 policy years (2% net cost)

• “No Cost” policy loans available after 10th year

Current Illustrative Rate

S&P 500 Index Fixed Year Growth Allocation Allocation

1988 23.51% 17.00% 5.00% 1989 4.40% 4.40% 5.00%

1990 13.40% 13.40% 5.00% 1991 10.53% 10.53% 5.00% 1992 8.08% 8.08% 5.00% 1993 2.48% 2.48% 5.00% 1994 17.13% 17.00% 5.00% 1995 25.96% 17.00% 5.00% 1996 28.82% 17.00% 5.00%

1997 24.53% 17.00% 5.00% 1998 22.55% 17.00% 5.00% 1999 7.68% 7.68% 5.00% 2000 -14.53% 1.00% 5.00% 2001 -17.70% 1.00% 5.00% 2002 -6.30% 1.00% 5.00%

Allocation Dates

• Maximum of 4 purchase option dates per year– February 15th

– May 15th

– August 15th

– November 15th

• Premiums received prior to purchase option dates will earn a 5% fixed interest rate in a “short-term” account until the next allocation date

• Premiums must be received 2 business days prior to the next allocation date

Age 100 Death Benefit Guarantee

• Target premium GUARANTEES the death benefit to age 100 at all issue ages

Target Male (PNT) Female (PNT)

– Age 35 $ 7.08 $ 5.64– Age 45 $13.20 $10.56– Age 55 $18.84 $15.48– Age 65 $30.96 $26.40

MasterChoice EIUL

15 Year Minimum Death Benefit Guarantee

• Minimum premium guarantees the death benefit for 15 years

Minimum Male (PNT) Female (PNT)Age 35 $ 3.60 $ 2.88Age 45 $ 6.60 $ 5.28

Age 55 $11.40 $ 9.00Age 65 $26.64 $19.20

MasterChoice EIUL

Two years to collect first year target and get paid first year commission!

MasterChoice EIUL

Example: Male – 45 – PNT - $100,000Target premium - $1,320Client pays $660 per year for 15 years of

guaranteed death benefit and 43 years of coverage on a current illustrative interest rate of 9.91%

Agent receives commission as follows:First year commission rate X $660 in 1st yearFirst year commission rate X $660 in 2nd year

Total commission is two times the first year premium

MasterChoice EIUL

“Catch Up” Provision

• At the end of the 10th policy year and every 5 policy years thereafter, policyholder has right to pay any missed target premiums from prior years

• By doing this, the No-Lapse Guarantee will not be forfeited

• Allows policyholder to pay premiums they can afford now and “catch up” target premiums to keep no lapse protection in effect

MasterChoice EIUL

Surrender Charge Waiver

• No surrender charge will be applied to all premiums paid in excess of target premium in any policy year minus a 5% premium load

• Exceptional Liquidity for 1035 Exchanges and Over Funded Sales

Example:– Target premium is $1,320 with a 1035

Exchange of $10,000. The guaranteed surrender value in the first year is $9,603.18

MasterChoice EIUL

Extended Maturity Provision

• $1 of cash value at age 100 will maintains the death benefit beyond age 100 with no further premiums

Example– Face amount is $1,000,000 at issue and

has not been reduced for the life of the contract. If there is at least $1 of cash at age 100, the $1,000,000 death benefit will remain in force for lifetime.

MasterChoice EIUL

Ultimate Flexibility in Choice

• Option to allocate premium payments between an Indexed Account and a Fixed Account

• Option to choose percentage of allocation between accounts as long as percentage totals 100%

• Allocation percentages between Indexed and Fixed Accounts can be changed on policy anniversary

• Policyholder must give company notification of any percentage changes at least 30 days prior to policy anniversary

MasterChoice EIUL

Outstanding Features

• 100% Guaranteed Participation Rate• Point-To-Point Annual Reset• 17% Current Cap Rate• 3% Minimum Guaranteed Cap Rate• 1% Minimum Guaranteed Interest

Rate• Index Gains Linked to S&P 500

MasterChoice EIUL

Simple Underwriting Guidelines

• No Blood (Exam and HOS Only)

– through age 40 and $500,000

– through age 50 and $250,000

• Only four underwriting bands

• Easier for client to qualify for best rates

MasterChoice EIUL

Liberal Underwriting Requirements

• Liberal Height & Weight Chart

• Liberal Blood Pressure Readings

– 150/90 age 50 and younger

– 160/95 ages 51 +

(blood pressure treatment allowed if

controlled over

last 2 years)

MasterChoice EIUL

Liberal Underwriting Requirements (cont.)

• Cholesterol Readings

– 260 age 50 and younger

– 280 ages 51 to 65

– 300 over age 65

– Cholesterol/HDL ratio cannot exceed 7.0

(Cholesterol treatment allowed if controlled

over last 2 years)

MasterChoice EIUL

Available Riders

• Accelerated Death Benefit• Accidental Death Benefit• Child’s Level Term Insurance• Disability Income• Waiver Of Monthly Deduction• Ultimate Income

MasterChoice EIUL

MasterChoice EIUL Summary

With MasterChoice EIUL you have:– an EIUL that provides upside growth potential

with downside protection– an EIUL that provides lapse protection with

death benefit guarantees– an EIUL that offers ultimate flexibility with

choice between Indexed and Fixed Account Options

– an EIUL that pays the agent for their hard work

– an EIUL that benefits the client when excess premiums are paid

– an EIUL that extends death benefit for lifetime with only $1 of cash value

Special Program

• Full Commissions!

• Non-Medical

– No Medical Examination

– No Blood

– No HOS

• Any fully-underwritten term or UL issued

in last 5 years*

*consult ineligible carrier

list

MasterChoice EIUL

The Hottest EIUL Product in America is

Sizzling!

• Term or UL to MasterChoice

Exchange

– Up through age 60

– Face amounts from $100,000 to $500,000

• Draft Initial Premium

• Preferred Class Available

MasterChoice EIUL

Simple Process

• Complete life application

• Attached original policy and photocopy of

app & medical exam

• Complete transfer of ownership form

• Complete exchange transmittal

• Draft Initial Premium or PAC if requested

• Replacement forms when needed

MasterChoice EIUL

Ineligible Carrier List• Fidelity & Guaranty Life and Americom Life

• Empire General

• Guaranteed Trust

• Lincoln Benefit

• Manhattan National

• The Midland

• Merit Life

• State Life

• United of Omaha

• U.S. Financial

MasterChoice EIUL

MasterChoice EIUL

Questions and Answers