EXHIBIT 11(b)
ILLUSTRATIONS OF ACCOUNT VALUES, CASH SURRENDER VALUES, DEATH
BENEFITS, AND ACCUMULATED PREMIUMS
The tables below illustrate the way the Contracts operate. They show how the
Death Benefit, Account Value and Cash Surrender Value could vary over an
extended period of time assuming hypothetical gross rates of return (i.e.,
investment income and capital gains and losses, realized or unrealized) for the
Variable Account equal to annual rates of 0%, 6%, and 12%. The tables are based
on an initial premium of $10,000 and also show the initial Death Benefit based
on that premium. The insureds are assumed to be in the standard underwriting
class. Values are first given based on current Contract charges and then based
on guaranteed Contract charges (See Prospectus heading "Deductions and
Charges"). These tables may assist in the comparison of Death Benefits, Account
Values and Cash Surrender Values for the Contracts with those under other
variable life insurance contracts that may be issued by other companies.
Death Benefits, Account Values and Cash Surrender Values for a Contract would be
different from the amounts shown if the actual investment return averaged 0%, 6%
or 12%, but varied above and below that average for individual Contract Years.
They would also be different, depending on the allocation of Account Value among
the Variable Account's Variable Sub-Accounts, if the actual investment return
for all Variable Sub-Accounts averaged 0%, 6% or 12%, but varied above or below
that average for individual Variable Sub-Accounts. They would also differ if the
initial premium paid were different, if additional premiums were paid, if any
Contract loan or partial withdrawal were made during the period of time
illustrated, or if the insured were in another risk class.
The Death Benefits, Account Values and Cash Surrender Values shown in the tables
reflect the fact that: a Monthly Deduction Amount (consisting of a cost of
insurance charge, tax expense charge, and an administrative expense charge) is
deducted from Account Value each Monthly Activity Date and that an Annual
Maintenance Fee of $35 is deducted on each Contract Anniversary from all
Variable Sub-Accounts to which Account Value is allocated. The values in the
tables also reflect a deduction from the Variable Account of a daily charge
equal to an annual rate of 0.90% for the mortality and expense risk charge. The
Cash Surrender Value shown in the tables reflect the fact that a Withdrawal
Charge is imposed on withdrawals in excess of the Free Withdrawal Amount (See
Prospectus heading "Deductions and Charges"). The amounts shown in the table are
based on an average of the investment advisory fees and operating expenses
incurred by the Portfolios, at an annual rate of .89% of the average daily net
assets of the Portfolios (See Prospectus heading "Charges Against the Fund").
Taking account of the average investment advisory fee and operating expenses of
the Portfolios, the gross annual rates of return of 0%, 6% and 12% correspond to
net investment experience at constant annual rates of: (-.89%, 5.11%, and
11.11%,) respectively.
The hypothetical rates of return shown in the tables do not reflect any tax
charges attributable to the Variable Account since no such charges are currently
made. If any such charges are imposed in the future, the gross annual rate of
return would have to exceed the rates shown by an amount sufficient to cover the
tax charges, in order to produce the Account Values, Cash Surrender Values, and
Death Benefits illustrated.
The second column of each table shows the amount that would accumulate if the
initial premium of $10,000 were invested to earn interest, after taxes, of 5%
per year, compounded annually.
Glenbrook Life will furnish upon request a personalized illustration reflecting
the proposed insured's age, sex, and underwriting classification. Where
applicable, Glenbrook Life will also furnish upon request an illustration for a
Contract that is not affected by the sex of the insured.
<PAGE>
<TABLE>
<CAPTION>
GLENBROOK LIFE AND ANNUITY COMPANY
MODIFIED SINGLE PREMIUM VARIABLE LIFE INSURANCE
SINGLE LIFE OPTION
$10,000 INITIAL PREMIUM
ISSUE AGE 45 MALE
INITIAL FACE AMOUNT: $39,998
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 0% (-0.89% NET)
<S> <C> <C>
CURRENT CHARGES(1) GUARANTEED CHARGES(2)
Premiums
End of Accumulated Cash Cash
Contract at 5% Interest Account Surrender Death Account Surrender Death
Year Per Year Value Value Benefit Value Value Benefit
1 10,500 9,660 8,810 39,998 9,162 8,333 39,998
3 11,576 9,012 8,204 39,998 8,736 7,929 39,998
4 12,155 8,702 7,958 39,998 8,305 7,561 39,998
5 12,763 8,402 7,764 39,998 7,866 7,228 39,998
6 13,401 8,111 7,579 39,998 7,418 6,886 39,998
7 14,071 7,829 7,404 39,998 6,957 6,532 39,998
8 14,775 7,555 7,236 39,998 6,480 6,161 39,998
9 15,513 7,290 7,077 39,998 5,985 5,772 39,998
10 16,289 7,033 7,033 39,998 5,467 5,467 39,998
11 17,103 6,818 6,818 39,998 4,944 4,944 39,998
12 17,959 6,608 6,608 39,998 4,391 4,391 39,998
13 18,856 6,404 6,404 39,998 3,805 3,805 39,998
14 19,799 6,205 6,205 39,998 3,182 3,182 39,998
15 20,789 6,011 6,011 39,998 2,516 2,516 39,998
16 21,829 5,822 5,822 39,998 1,802 1,802 39,998
17 22,920 5,638 5,638 39,998 1,031 1,031 39,998
18 24,066 5,458 5,458 39,998 192 192 39,998
19 25,270 5,284 5,284 39,998 * * *
20 26,533 5,113 5,113 39,998 * * *
25 33,864 4,325 4,325 39,998 * * *
35 55,160 3,024 3,024 39,998 * * *
* When the account value is $0 or less, the Death Benefit is only payable if
subsequent premiums are paid to keep the policy in force.
(1) Values reflect investment results using current cost of insurance rates,
administrative fees, and Mortality and Expense Risk Rates. (2) Values reflect
investment results using guaranteed cost of insurance rates, administrative
fees, and Mortality and Expense Risk Rates.
THE HYPOTHETICAL INVESTMENT RESULTS SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RESULTS. ACTUAL RESULTS MAY BE MORE OR LESS THAN THOSE
SHOWN. THE DEATH BENEFIT, ACCOUNT VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT
WILL BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RETURN APPLICABLE TO
THE CONTRACT AVERAGES 12% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED ABOVE OR
BELOW THAT AVERAGE FOR INDIVIDUAL CONTRACT YEARS. THE DEATH BENEFIT, ACCOUNT
VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT WILL ALSO BE DIFFERENT FROM THOSE
SHOWN, DEPENDING ON THE INVESTMENT ALLOCATIONS MADE TO THE SEPARATE ACCOUNT AND
THE RATES OF RETURN OF THE SEPARATE ACCOUNT. NO REPRESENTATION CAN BE MADE THAT
THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED
OVER ANY PERIOD OF TIME.
<PAGE>
GLENBROOK LIFE AND ANNUITY COMPANY
MODIFIED SINGLE PREMIUM VARIABLE LIFE INSURANCE
SINGLE LIFE OPTION
$10,000 INITIAL PREMIUM
ISSUE AGE 45 MALE
INITIAL FACE AMOUNT: $39,998
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 6% (5.11% NET)
CURRENT CHARGES(1) GUARANTEED CHARGES(2)
Premiums
End of Accumulated Cash Cash
Contract at 5% Interest Account Surrender Death Account Surrender Death
Year Per Year Value Value Benefit Value Value Benefit
1 10,500 10,247 9,397 39,998 10,170 9,320 39,998
2 11,025 10,501 9,673 39,998 10,335 9,506 39,998
3 11,576 10,763 9,955 39,998 10,494 9,687 39,998
4 12,155 11,031 10,288 39,998 10,647 9,903 39,998
5 12,763 11,308 10,670 39,998 10,791 10,154 39,998
6 13,401 11,592 11,061 39,998 10,925 10,394 39,998
7 14,071 11,884 11,459 39,998 11,046 10,621 39,998
8 14,775 12,184 11,866 39,998 11,152 10,833 39,998
9 15,513 12,493 12,281 39,998 11,238 11,026 39,998
10 16,289 12,811 12,811 39,998 11,303 11,303 39,998
11 17,103 13,203 13,203 39,998 11,389 11,389 39,998
12 17,959 13,609 13,609 39,998 11,450 11,450 39,998
13 18,856 14,028 14,028 39,998 11,482 11,482 39,998
14 19,799 14,462 14,462 39,998 11,483 11,483 39,998
15 20,789 14,909 14,909 39,998 11,448 11,448 39,998
16 21,829 15,372 15,372 39,998 11,370 11,370 39,998
17 22,920 15,850 15,850 39,998 11,242 11,242 39,998
18 24,066 16,344 16,344 39,998 11,054 11,054 39,998
19 25,270 16,855 16,855 39,998 10,796 10,796 39,998
20 26,533 17,383 17,383 39,998 10,455 10,455 39,998
25 33,864 20,297 20,297 39,998 7,034 7,034 39,998
35 55,160 27,778 27,778 39,998 * * *
* When the account value is $0 or less, the Death Benefit is only payable if
subsequent premiums are paid to keep the policy in force.
(1) Values reflect investment results using current cost of insurance rates,
administrative fees, and Mortality and Expense Risk Rates. (2) Values reflect
investment results using guaranteed cost of insurance rates, administrative
fees, and Mortality and Expense Risk Rates.
THE HYPOTHETICAL INVESTMENT RESULTS SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RESULTS. ACTUAL RESULTS MAY BE MORE OR LESS THAN THOSE
SHOWN. THE DEATH BENEFIT, ACCOUNT VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT
WILL BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RETURN APPLICABLE TO
THE CONTRACT AVERAGES 12% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED ABOVE OR
BELOW THAT AVERAGE FOR INDIVIDUAL CONTRACT YEARS. THE DEATH BENEFIT, ACCOUNT
VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT WILL ALSO BE DIFFERENT FROM THOSE
SHOWN, DEPENDING ON THE INVESTMENT ALLOCATIONS MADE TO THE SEPARATE ACCOUNT AND
THE RATES OF RETURN OF THE SEPARATE ACCOUNT. NO REPRESENTATION CAN BE MADE THAT
THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED
OVER ANY PERIOD OF TIME.
<PAGE>
GLENBROOK LIFE AND ANNUITY COMPANY
MODIFIED SINGLE PREMIUM VARIABLE LIFE INSURANCE
SINGLE LIFE OPTION
$10,000 INITIAL PREMIUM
ISSUE AGE 45 MALE
INITIAL FACE AMOUNT: $39,998
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 12% (11.11% NET)
CURRENT CHARGES(1) GUARANTEED CHARGES(2)
Premiums
End of Accumulated Cash Cash
Contract at 5% Interest Account Surrender Death Account Surrender Death
Year Per Year Value Value Benefit Value Value Benefit
1 10,500 10,834 9,984 39,998 10,758 9,908 39,998
2 11,025 11,741 10,912 39,998 11,579 10,750 39,998
3 11,576 12,726 11,919 39,998 12,469 11,662 39,998
4 12,155 13,797 13,054 39,998 13,437 12,693 39,998
5 12,763 14,962 14,324 39,998 14,488 13,850 39,998
6 13,401 16,227 15,696 39,998 15,631 15,100 39,998
7 14,071 17,602 17,177 39,998 16,874 16,449 39,998
8 14,775 19,097 18,778 39,998 18,229 17,910 39,998
9 15,513 20,722 20,510 39,998 19,705 19,492 39,998
10 16,289 22,488 22,488 39,998 21,316 21,316 39,998
11 17,103 24,530 24,530 39,998 23,173 23,173 39,998
12 17,959 26,761 26,761 39,998 25,217 25,217 39,998
13 18,856 29,198 29,198 41,461 27,475 27,475 39,998
14 19,799 31,864 31,864 43,972 29,969 29,969 41,358
15 20,789 34,781 34,781 46,606 32,711 32,711 43,833
16 21,829 37,976 37,976 49,369 35,714 35,714 46,428
17 22,920 41,464 41,464 53,073 38,992 38,992 49,909
18 24,066 45,271 45,271 57,041 42,570 42,570 53,638
19 25,270 49,427 49,427 61,290 46,476 46,476 57,630
20 26,533 53,966 53,966 65,839 50,742 50,742 61,905
25 33,864 83,744 83,744 97,143 78,634 78,634 91,215
35 55,160 203,908 203,908 214,103 191,217 191,217 200,778
* When the account value is $0 or less, the Death Benefit is only payable if
subsequent premiums are paid to keep the policy in force.
(1) Values reflect investment results using current cost of insurance rates,
administrative fees, and Mortality and Expense Risk Rates. (2) Values reflect
investment results using guaranteed cost of insurance rates, administrative
fees, and Mortality and Expense Risk Rates.
THE HYPOTHETICAL INVESTMENT RESULTS SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RESULTS. ACTUAL RESULTS MAY BE MORE OR LESS THAN THOSE
SHOWN. THE DEATH BENEFIT, ACCOUNT VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT
WILL BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RETURN APPLICABLE TO
THE CONTRACT AVERAGES 12% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED ABOVE OR
BELOW THAT AVERAGE FOR INDIVIDUAL CONTRACT YEARS. THE DEATH BENEFIT, ACCOUNT
VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT WILL ALSO BE DIFFERENT FROM THOSE
SHOWN, DEPENDING ON THE INVESTMENT ALLOCATIONS MADE TO THE SEPARATE ACCOUNT AND
THE RATES OF RETURN OF THE SEPARATE ACCOUNT. NO REPRESENTATION CAN BE MADE THAT
THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED
OVER ANY PERIOD OF TIME.
<PAGE>
GLENBROOK LIFE AND ANNUITY COMPANY
MODIFIED SINGLE PREMIUM VARIABLE LIFE INSURANCE
SINGLE LIFE OPTION
$10,000 INITIAL PREMIUM
ISSUE AGE 55 FEMALE
INITIAL FACE AMOUNT: $33,138
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 0% (-0.89% NET)
CURRENT CHARGES(1) GUARANTEED CHARGES(2)
Premiums
End of Accumulated Cash Cash
Contract at 5% Interest Account Surrender Death Account Surrender Death
Year Per Year Value Value Benefit Value Value Benefit
1 10,500 9,660 8,810 33,138 9,555 8,705 33,138
2 11,025 9,331 8,502 33,138 9,106 8,277 33,138
3 11,576 9,012 8,204 33,138 8,654 7,846 33,138
4 12,155 8,702 7,958 33,138 8,198 7,454 33,138
5 12,763 8,402 7,764 33,138 7,737 7,099 33,138
6 13,401 8,111 7,579 33,138 7,267 6,736 33,138
7 14,071 7,829 7,404 33,138 6,785 6,360 33,138
8 14,775 7,555 7,236 33,138 6,285 5,966 33,138
9 15,513 7,290 7,077 33,138 5,760 5,548 33,138
10 16,289 7,033 7,033 33,138 5,207 5,207 33,138
11 17,103 6,818 6,818 33,138 4,640 4,640 33,138
12 17,959 6,608 6,608 33,138 4,036 4,036 33,138
13 18,856 6,404 6,404 33,138 3,392 3,392 33,138
14 19,799 6,205 6,205 33,138 2,707 2,707 33,138
15 20,789 6,011 6,011 33,138 1,971 1,971 33,138
16 21,829 5,822 5,822 33,138 1,174 1,174 33,138
17 22,920 5,638 5,638 33,138 298 298 33,138
18 24,066 5,458 5,458 33,138 * * *
19 25,270 5,284 5,284 33,138 * * *
20 26,533 5,113 5,113 33,138 * * *
25 33,864 4,325 4,325 33,138 * * *
35 55,160 3,024 3,024 33,138 * * *
* When the account value is $0 or less, the Death Benefit is only payable if
subsequent premiums are paid to keep the policy in force.
(1) Values reflect investment results using current cost of insurance rates,
administrative fees, and Mortality and Expense Risk Rates. (2) Values reflect
investment results using guaranteed cost of insurance rates, administrative
fees, and Mortality and Expense Risk Rates.
THE HYPOTHETICAL INVESTMENT RESULTS SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RESULTS. ACTUAL RESULTS MAY BE MORE OR LESS THAN THOSE
SHOWN. THE DEATH BENEFIT, ACCOUNT VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT
WILL BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RETURN APPLICABLE TO
THE CONTRACT AVERAGES 12% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED ABOVE OR
BELOW THAT AVERAGE FOR INDIVIDUAL CONTRACT YEARS. THE DEATH BENEFIT, ACCOUNT
VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT WILL ALSO BE DIFFERENT FROM THOSE
SHOWN, DEPENDING ON THE INVESTMENT ALLOCATIONS MADE TO THE SEPARATE ACCOUNT AND
THE RATES OF RETURN OF THE SEPARATE ACCOUNT. NO REPRESENTATION CAN BE MADE THAT
THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED
OVER ANY PERIOD OF TIME.
<PAGE>
GLENBROOK LIFE AND ANNUITY COMPANY
MODIFIED SINGLE PREMIUM VARIABLE LIFE INSURANCE
SINGLE LIFE OPTION
$10,000 INITIAL PREMIUM
ISSUE AGE 55 FEMALE
INITIAL FACE AMOUNT: $33,138
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 6% (5.11% NET)
CURRENT CHARGES(1) GUARANTEED CHARGES(2)
Premiums
End of Accumulated Cash Cash
Contract at 5% Interest Account Surrender Death Account Surrender Death
Year Per Year Value Value Benefit Value Value Benefit
1 10,500 10,247 9,397 33,138 10,142 9,292 33,138
2 11,025 10,501 9,673 33,138 10,279 9,450 33,138
3 11,576 10,763 9,955 33,138 10,411 9,604 33,138
4 12,155 11,031 10,288 33,138 10,539 9,795 33,138
5 12,763 11,308 10,670 33,138 10,661 10,024 33,138
6 13,401 11,592 11,061 33,138 10,775 10,243 33,138
7 14,071 11,884 11,459 33,138 10,876 10,451 33,138
8 14,775 12,184 11,866 33,138 10,961 10,642 33,138
9 15,513 12,493 12,281 33,138 11,024 10,812 33,138
10 16,289 12,811 12,811 33,138 11,061 11,061 33,138
11 17,103 13,203 13,203 33,138 11,114 11,114 33,138
12 17,959 13,609 13,609 33,138 11,138 11,138 33,138
13 18,856 14,028 14,028 33,138 11,131 11,131 33,138
14 19,799 14,462 14,462 33,138 11,091 11,091 33,138
15 20,789 14,909 14,909 33,138 11,010 11,010 33,138
16 21,829 15,372 15,372 33,138 10,881 10,881 33,138
17 22,920 15,850 15,850 33,138 10,689 10,689 33,138
18 24,066 16,344 16,344 33,138 10,416 10,416 33,138
19 25,270 16,855 16,855 33,138 10,041 10,041 33,138
20 26,533 17,383 17,383 33,138 9,540 9,540 33,138
25 33,864 20,297 20,297 33,138 4,114 4,114 33,138
35 55,160 27,778 27,778 33,138 * * *
* When the account value is $0 or less, the Death Benefit is only payable if
subsequent premiums are paid to keep the policy in force.
(1) Values reflect investment results using current cost of insurance rates,
administrative fees, and Mortality and Expense Risk Rates. (2) Values reflect
investment results using guaranteed cost of insurance rates, administrative
fees, and Mortality and Expense Risk Rates.
THE HYPOTHETICAL INVESTMENT RESULTS SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RESULTS. ACTUAL RESULTS MAY BE MORE OR LESS THAN THOSE
SHOWN. THE DEATH BENEFIT, ACCOUNT VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT
WILL BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RETURN APPLICABLE TO
THE CONTRACT AVERAGES 12% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED ABOVE OR
BELOW THAT AVERAGE FOR INDIVIDUAL CONTRACT YEARS. THE DEATH BENEFIT, ACCOUNT
VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT WILL ALSO BE DIFFERENT FROM THOSE
SHOWN, DEPENDING ON THE INVESTMENT ALLOCATIONS MADE TO THE SEPARATE ACCOUNT AND
THE RATES OF RETURN OF THE SEPARATE ACCOUNT. NO REPRESENTATION CAN BE MADE THAT
THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED
OVER ANY PERIOD OF TIME.
<PAGE>
GLENBROOK LIFE AND ANNUITY COMPANY
MODIFIED SINGLE PREMIUM VARIABLE LIFE INSURANCE
SINGLE LIFE OPTION
$10,000 INITIAL PREMIUM
ISSUE AGE 55 FEMALE
INITIAL FACE AMOUNT: $33,138
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 12% (11.11% NET)
CURRENT CHARGES(1) GUARANTEED CHARGES(2)
Premiums
End of Accumulated Cash Cash
Contract at 5% Interest Account Surrender Death Account Surrender Death
Year Per Year Value Value Benefit Value Value Benefit
1 10,500 10,834 9,984 33,138 10,729 9,879 33,138
2 11,025 11,741 10,912 33,138 11,522 10,694 33,138
3 11,576 12,726 11,919 33,138 12,387 11,579 33,138
4 12,155 13,797 13,054 33,138 13,330 12,586 33,138
5 12,763 14,962 14,324 33,138 14,361 13,724 33,138
6 13,401 16,227 15,696 33,138 15,488 14,957 33,138
7 14,071 17,602 17,177 33,138 16,720 16,295 33,138
8 14,775 19,097 18,778 33,138 18,066 17,747 33,138
9 15,513 20,722 20,510 33,138 19,538 19,326 33,138
10 16,289 22,488 22,488 33,138 21,152 21,152 33,138
11 17,103 24,530 24,530 33,138 23,018 23,018 33,138
12 17,959 26,776 26,776 33,138 25,086 25,086 33,138
13 18,856 29,271 29,271 34,540 27,386 27,386 33,138
14 19,799 32,009 32,009 37,450 29,940 29,940 35,029
15 20,789 35,004 35,004 40,605 32,739 32,739 37,977
16 21,829 38,280 38,280 44,022 35,801 35,801 41,171
17 22,920 41,872 41,872 47,316 39,158 39,158 44,248
18 24,066 45,813 45,813 50,853 42,841 42,841 47,554
19 25,270 50,142 50,142 54,654 46,886 46,886 51,106
20 26,533 54,901 54,901 58,744 51,335 51,335 54,928
25 33,864 86,449 86,449 90,772 80,819 80,819 84,860
35 55,160 209,738 209,738 220,225 194,040 194,040 203,742
* When the account value is $0 or less, the Death Benefit is only payable if
subsequent premiums are paid to keep the policy in force.
(1) Values reflect investment results using current cost of insurance rates,
administrative fees, and Mortality and Expense Risk Rates. (2) Values reflect
investment results using guaranteed cost of insurance rates, administrative
fees, and Mortality and Expense Risk Rates.
THE HYPOTHETICAL INVESTMENT RESULTS SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RESULTS. ACTUAL RESULTS MAY BE MORE OR LESS THAN THOSE
SHOWN. THE DEATH BENEFIT, ACCOUNT VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT
WILL BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RETURN APPLICABLE TO
THE CONTRACT AVERAGES 12% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED ABOVE OR
BELOW THAT AVERAGE FOR INDIVIDUAL CONTRACT YEARS. THE DEATH BENEFIT, ACCOUNT
VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT WILL ALSO BE DIFFERENT FROM THOSE
SHOWN, DEPENDING ON THE INVESTMENT ALLOCATIONS MADE TO THE SEPARATE ACCOUNT AND
THE RATES OF RETURN OF THE SEPARATE ACCOUNT. NO REPRESENTATION CAN BE MADE THAT
THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED
OVER ANY PERIOD OF TIME.
<PAGE>
GLENBROOK LIFE AND ANNUITY COMPANY
MODIFIED SINGLE PREMIUM VARIABLE LIFE INSURANCE
SINGLE LIFE OPTION
$10,000 INITIAL PREMIUM
ISSUE AGE 65 MALE
INITIAL FACE AMOUNT: $19,314
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 0% (-0.89% NET)
CURRENT CHARGES(1) GUARANTEED CHARGES(2)
Premiums
End of Accumulated Cash Cash
Contract at 5% Interest Account Surrender Death Account Surrender Death
Year Per Year Value Value Benefit Value Value Benefit
1 10,500 9,660 8,810 19,314 9,473 8,623 19,314
2 11,025 9,331 8,502 19,314 8,919 8,090 19,314
3 11,576 9,012 8,204 19,314 8,335 7,527 19,314
4 12,155 8,702 7,958 19,314 7,714 6,970 19,314
5 12,763 8,402 7,764 19,314 7,048 6,411 19,314
6 13,401 8,111 7,579 19,314 6,329 5,798 19,314
7 14,071 7,829 7,404 19,314 5,544 5,119 19,314
8 14,775 7,555 7,236 19,314 4,675 4,356 19,314
9 15,513 7,290 7,077 19,314 3,704 3,491 19,314
10 16,289 7,033 7,033 19,314 2,608 2,608 19,314
11 17,103 6,818 6,818 19,314 1,373 1,373 19,314
12 17,959 6,608 6,608 19,314 * * *
13 18,856 6,404 6,404 19,314 * * *
14 19,799 6,205 6,205 19,314 * * *
15 20,789 6,011 6,011 19,314 * * *
16 21,829 5,822 5,822 19,314 * * *
17 22,920 5,638 5,638 19,314 * * *
18 24,066 5,458 5,458 19,314 * * *
19 25,270 5,284 5,284 19,314 * * *
20 26,533 5,113 5,113 19,314 * * *
25 33,864 4,325 4,325 19,314 * * *
35 55,160 3,024 3,024 19,314 * * *
* When the account value is $0 or less, the Death Benefit is only payable if
subsequent premiums are paid to keep the policy in force.
(1) Values reflect investment results using current cost of insurance rates,
administrative fees, and Mortality and Expense Risk Rates. (2) Values reflect
investment results using guaranteed cost of insurance rates, administrative
fees, and Mortality and Expense Risk Rates.
THE HYPOTHETICAL INVESTMENT RESULTS SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RESULTS. ACTUAL RESULTS MAY BE MORE OR LESS THAN THOSE
SHOWN. THE DEATH BENEFIT, ACCOUNT VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT
WILL BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RETURN APPLICABLE TO
THE CONTRACT AVERAGES 12% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED ABOVE OR
BELOW THAT AVERAGE FOR INDIVIDUAL CONTRACT YEARS. THE DEATH BENEFIT, ACCOUNT
VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT WILL ALSO BE DIFFERENT FROM THOSE
SHOWN, DEPENDING ON THE INVESTMENT ALLOCATIONS MADE TO THE SEPARATE ACCOUNT AND
THE RATES OF RETURN OF THE SEPARATE ACCOUNT. NO REPRESENTATION CAN BE MADE THAT
THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED
OVER ANY PERIOD OF TIME.
<PAGE>
GLENBROOK LIFE AND ANNUITY COMPANY
MODIFIED SINGLE PREMIUM VARIABLE LIFE INSURANCE
SINGLE LIFE OPTION
$10,000 INITIAL PREMIUM
ISSUE AGE 65 MALE
INITIAL FACE AMOUNT: $19,314
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 6% (5.11% NET)
CURRENT CHARGES(1) GUARANTEED CHARGES(2)
Premiums
End of Accumulated Cash Cash
Contract at 5% Interest Account Surrender Death Account Surrender Death
Year Per Year Value Value Benefit Value Value Benefit
1 10,500 10,247 9,397 19,314 10,063 9,213 19,314
2 11,025 10,501 9,673 19,314 10,106 9,277 19,314
3 11,576 10,763 9,955 19,314 10,126 9,318 19,314
4 12,155 11,031 10,288 19,314 10,120 9,377 19,314
5 12,763 11,308 10,670 19,314 10,085 9,447 19,314
6 13,401 11,592 11,061 19,314 10,012 9,481 19,314
7 14,071 11,884 11,459 19,314 9,894 9,469 19,314
8 14,775 12,184 11,866 19,314 9,720 9,402 19,314
9 15,513 12,493 12,281 19,314 9,479 9,266 19,314
10 16,289 12,811 12,811 19,314 9,154 9,154 19,314
11 17,103 13,203 13,203 19,314 8,768 8,768 19,314
12 17,959 13,609 13,609 19,314 8,266 8,266 19,314
13 18,856 14,028 14,028 19,314 7,625 7,625 19,314
14 19,799 14,462 14,462 19,314 6,815 6,815 19,314
15 20,789 14,909 14,909 19,314 5,794 5,794 19,314
16 21,829 15,372 15,372 19,314 4,505 4,505 19,314
17 22,920 15,850 15,850 19,314 2,870 2,870 19,314
18 24,066 16,344 16,344 19,314 778 778 19,314
19 25,270 16,855 16,855 19,314 * * *
20 26,533 17,383 17,383 19,314 * * *
25 33,864 20,297 20,297 21,312 * * *
35 55,160 27,939 27,939 28,218 * * *
* When the account value is $0 or less, the Death Benefit is only payable if
subsequent premiums are paid to keep the policy in force.
(1) Values reflect investment results using current cost of insurance rates,
administrative fees, and Mortality and Expense Risk Rates. (2) Values reflect
investment results using guaranteed cost of insurance rates, administrative
fees, and Mortality and Expense Risk Rates.
THE HYPOTHETICAL INVESTMENT RESULTS SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RESULTS. ACTUAL RESULTS MAY BE MORE OR LESS THAN THOSE
SHOWN. THE DEATH BENEFIT, ACCOUNT VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT
WILL BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RETURN APPLICABLE TO
THE CONTRACT AVERAGES 12% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED ABOVE OR
BELOW THAT AVERAGE FOR INDIVIDUAL CONTRACT YEARS. THE DEATH BENEFIT, ACCOUNT
VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT WILL ALSO BE DIFFERENT FROM THOSE
SHOWN, DEPENDING ON THE INVESTMENT ALLOCATIONS MADE TO THE SEPARATE ACCOUNT AND
THE RATES OF RETURN OF THE SEPARATE ACCOUNT. NO REPRESENTATION CAN BE MADE THAT
THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED
OVER ANY PERIOD OF TIME.
<PAGE>
GLENBROOK LIFE AND ANNUITY COMPANY
MODIFIED SINGLE PREMIUM VARIABLE LIFE INSURANCE
SINGLE LIFE OPTION
$10,000 INITIAL PREMIUM
ISSUE AGE 65 MALE
INITIAL FACE AMOUNT: $19,314
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 12% (11.11% NET)
CURRENT CHARGES(1) GUARANTEED CHARGES(2)
Premiums
End of Accumulated Cash Cash
Contract at 5% Interest Account Surrender Death Account Surrender Death
Year Per Year Value Value Benefit Value Value Benefit
1 10,500 10,834 9,984 19,314 10,653 9,803 19,314
2 11,025 11,741 10,912 19,314 11,364 10,535 19,314
3 11,576 12,726 11,919 19,314 12,144 11,336 19,314
4 12,155 13,797 13,054 19,314 13,004 12,260 19,314
5 12,763 14,962 14,324 19,314 13,958 13,320 19,314
6 13,401 16,227 15,696 19,314 15,023 14,492 19,314
7 14,071 17,606 17,181 19,895 16,221 15,796 19,314
8 14,775 19,121 18,802 21,224 17,580 17,261 19,514
9 15,513 20,779 20,567 22,649 19,101 18,888 20,820
10 16,289 22,600 22,600 24,183 20,772 20,772 22,226
11 17,103 24,706 24,706 25,941 22,705 22,705 23,840
12 17,959 27,002 27,002 28,352 24,812 24,812 26,052
13 18,856 29,505 29,505 30,980 27,109 27,109 28,464
14 19,799 32,232 32,232 33,843 29,611 29,611 31,092
15 20,789 35,201 35,201 36,961 32,336 32,336 33,953
16 21,829 38,431 38,431 40,352 35,300 35,300 37,065
17 22,920 41,945 41,945 44,043 38,522 38,522 40,448
18 24,066 45,785 45,785 48,074 42,019 42,019 44,120
19 25,270 49,979 49,979 52,478 45,810 45,810 48,101
20 26,533 54,560 54,560 57,288 49,916 49,916 52,412
25 33,864 84,653 84,653 88,885 75,968 75,968 79,767
35 55,160 205,444 205,444 207,498 180,827 180,827 182,635
* When the account value is $0 or less, the Death Benefit is only payable if
subsequent premiums are paid to keep the policy in force.
(1) Values reflect investment results using current cost of insurance rates,
administrative fees, and Mortality and Expense Risk Rates. (2) Values reflect
investment results using guaranteed cost of insurance rates, administrative
fees, and Mortality and Expense Risk Rates.
THE HYPOTHETICAL INVESTMENT RESULTS SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RESULTS. ACTUAL RESULTS MAY BE MORE OR LESS THAN THOSE
SHOWN. THE DEATH BENEFIT, ACCOUNT VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT
WILL BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RETURN APPLICABLE TO
THE CONTRACT AVERAGES 12% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED ABOVE OR
BELOW THAT AVERAGE FOR INDIVIDUAL CONTRACT YEARS. THE DEATH BENEFIT, ACCOUNT
VALUE, AND CASH SURRENDER VALUE FOR A CONTRACT WILL ALSO BE DIFFERENT FROM THOSE
SHOWN, DEPENDING ON THE INVESTMENT ALLOCATIONS MADE TO THE SEPARATE ACCOUNT AND
THE RATES OF RETURN OF THE SEPARATE ACCOUNT. NO REPRESENTATION CAN BE MADE THAT
THIS HYPOTHETICAL RATE OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED
OVER ANY PERIOD OF TIME.
</TABLE>
<PAGE>
GLENBROOK PROVIDER VARIABLE LIFE
A Modified Single Premium Variable Life Insurance Illustration
JOINT LIFE OPTION
$10,000.00 INITIAL PREMIUM
ISSUE AGE 55 MALE / 55 FEMALE - STANDARD CLASS
$43,779 INITIAL DEATH BENEFIT
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 0% (-0.89% NET)
Non-guaranteed illustrated values Non-guaranteed illustrated values
using Current Charges using Guaranteed Charges
End of Cash Net Cash Net
Contract Account SurrenderDeath Account Surrender Death
Year Value Value Benefit Value Value Benefit
1 9,721 8,871 43,779 9,721 8,871 43,779
2 9,442 8,614 43,779 9,442 8,614 43,779
3 9,163 8,355 43,779 9,163 8,355 43,779
4 8,881 8,138 43,779 8,881 8,138 43,779
5 8,596 7,959 43,779 8,596 7,959 43,779
6 8,305 7,774 43,779 8,305 7,774 43,779
7 8,017 7,592 43,779 8,006 7,581 43,779
8 7,738 7,419 43,779 7,694 7,376 43,779
9 7,467 7,254 43,779 7,367 7,154 43,779
10 7,204 7,204 43,779 7,018 7,018 43,779
15 6,162 6,162 43,779 4,882 4,882 43,779
20 5,246 5,246 43,779 864 864 43,779
25 4,441 4,441 43,779 - - -
30 3,735 3,735 43,779 - - -
Values shown in the Current Charges columns are calculated using an illustrated
non-guaranteed gross investment return, investment advisory fees, current cost
of insurance rates, administrative fees, and mortality and expense risk rates.
Values shown in the Guaranteed Charges columns are calculated using an
illustrated non-guaranteed gross investment return, investment advisory fees,
guaranteed cost of insurance rates, administrative fees, and mortality and
expense rates.
<PAGE>
GLENBROOK PROVIDER VARIABLE LIFE
A Modified Single Premium Variable Life Insurance Illustration
JOINT LIFE OPTION
$10,000.00 INITIAL PREMIUM
ISSUE AGE 55 MALE / 55 FEMALE - STANDARD CLASS
$43,779 INITIAL DEATH BENEFIT
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 6% (5.11% NET)
Non-guaranteed illustrated values Non-guaranteed illustrated values
using Current Charges using Guaranteed Charges
End of Cash Net Cash Net
Contract Account SurrenderDeath Account Surrender Death
Year Value Value Benefit Value Value Benefit
1 10,312 9,462 43,779 10,312 9,462 43,779
2 10,628 9,799 43,779 10,628 9,799 43,779
3 10,948 10,140 43,779 10,948 10,140 43,779
4 11,271 10,527 43,779 11,271 10,527 43,779
5 11,595 10,958 43,779 11,595 10,958 43,779
6 11,920 11,389 43,779 11,920 11,389 43,779
7 12,243 11,818 43,779 12,243 11,818 43,779
8 12,560 12,242 43,779 12,560 12,242 43,779
9 12,880 12,667 43,779 12,870 12,657 43,779
10 13,208 13,208 43,779 13,166 13,166 43,779
15 15,378 15,378 43,779 14,610 14,610 43,779
20 17,934 17,934 43,779 14,795 14,795 43,779
25 20,947 20,947 43,779 11,160 11,160 43,779
30 24,497 24,497 43,779 - - -
Values shown in the Current Charges columns are calculated using an illustrated
non-guaranteed gross investment return, investment advisory fees, current cost
of insurance rates, administrative fees, and mortality and expense risk rates.
Values shown in the Guaranteed Charges columns are calculated using an
illustrated non-guaranteed gross investment return, investment advisory fees,
guaranteed cost of insurance rates, administrative fees, and mortality and
expense rates.
<PAGE>
GLENBROOK PROVIDER VARIABLE LIFE
A Modified Single Premium Variable Life Insurance Illustration
JOINT LIFE OPTION
$10,000.00 INITIAL PREMIUM
ISSUE AGE 55 MALE / 55 FEMALE - STANDARD CLASS
$43,779 INITIAL DEATH BENEFIT
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 12% (11.11% NET)
Non-guaranteed illustrated values Non-guaranteed illustrated values
using Current Charges using Guaranteed Charges
End of Cash Net Cash Net
Contract Account SurrenderDeath Account Surrender Death
Year Value Value Benefit Value Value Benefit
1 10,902 10,052 43,779 10,902 10,052 43,779
2 11,883 11,054 43,779 11,883 11,054 43,779
3 12,949 12,142 43,779 12,949 12,142 43,779
4 14,108 13,365 43,779 14,108 13,365 43,779
5 15,368 14,731 43,779 15,368 14,731 43,779
6 16,737 16,206 43,779 16,737 16,206 43,779
7 18,225 17,800 43,779 18,225 17,800 43,779
8 19,842 19,524 43,779 19,842 19,524 43,779
9 21,600 21,388 43,779 21,600 21,388 43,779
10 23,512 23,512 43,779 23,512 23,512 43,779
15 36,772 36,772 43,779 36,772 36,772 43,779
20 58,052 58,052 62,116 58,052 58,052 62,116
25 91,688 91,688 96,272 91,688 91,688 96,272
30 143,456 143,456 150,629 143,456 143,456 150,629
Values shown in the Current Charges columns are calculated using an illustrated
non-guaranteed gross investment return, investment advisory fees, current cost
of insurance rates, administrative fees, and mortality and expense risk rates.
Values shown in the Guaranteed Charges columns are calculated using an
illustrated non-guaranteed gross investment return, investment advisory fees,
guaranteed cost of insurance rates, administrative fees, and mortality and
expense rates.
<PAGE>
GLENBROOK PROVIDER VARIABLE LIFE
A Modified Single Premium Variable Life Insurance Illustration
JOINT LIFE OPTION
$10,000.00 INITIAL PREMIUM
ISSUE AGE 65 MALE / 65 FEMALE - STANDARD CLASS
$27,688 INITIAL DEATH BENEFIT
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 0% (-0.89% NET)
Non-guaranteed illustrated values Non-guaranteed illustrated values
using Current Charges using Guaranteed Charges
End of Cash Net Cash Net
Contract Account SurrenderDeath Account Surrender Death
Year Value Value Benefit Value Value Benefit
1 9,716 8,866 27,688 9,716 8,866 27,688
2 9,423 8,594 27,688 9,423 8,594 27,688
3 9,116 8,308 27,688 9,116 8,308 27,688
4 8,803 8,059 27,688 8,791 8,048 27,688
5 8,500 7,862 27,688 8,445 7,807 27,688
6 8,206 7,675 27,688 8,070 7,539 27,688
7 7,921 7,496 27,688 7,659 7,234 27,688
8 7,644 7,326 27,688 7,201 6,882 27,688
9 7,376 7,164 27,688 6,682 6,469 27,688
10 7,117 7,117 27,688 6,086 6,086 27,688
15 6,085 6,085 27,688 1,308 1,308 27,688
20 5,178 5,178 27,688 - - -
25 4,382 4,382 27,688 - - -
30 3,683 3,683 27,688 - - -
Values shown in the Current Charges columns are calculated using an illustrated
non-guaranteed gross investment return, investment advisory fees, current cost
of insurance rates, administrative fees, and mortality and expense risk rates.
Values shown in the Guaranteed Charges columns are calculated using an
illustrated non-guaranteed gross investment return, investment advisory fees,
guaranteed cost of insurance rates, administrative fees, and mortality and
expense rates.
<PAGE>
GLENBROOK PROVIDER VARIABLE LIFE
A Modified Single Premium Variable Life Insurance Illustration
JOINT LIFE OPTION
$10,000.00 INITIAL PREMIUM
ISSUE AGE 65 MALE / 65 FEMALE - STANDARD CLASS
$27,688 INITIAL DEATH BENEFIT
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 6% (5.11% NET)
Non-guaranteed illustrated values Non-guaranteed illustrated values
using Current Charges using Guaranteed Charges
End of Cash Net Cash Net
Contract Account SurrenderDeath Account Surrender Death
Year Value Value Benefit Value Value Benefit
1 10,307 9,457 27,688 10,307 9,457 27,688
2 10,609 9,780 27,688 10,609 9,780 27,688
3 10,902 10,094 27,688 10,902 10,094 27,688
4 11,184 10,440 27,688 11,184 10,440 27,688
5 11,465 10,827 27,688 11,452 10,814 27,688
6 11,753 11,222 27,688 11,700 11,169 27,688
7 12,050 11,625 27,688 11,924 11,499 27,688
8 12,355 12,036 27,688 12,115 11,796 27,688
9 12,669 12,456 27,688 12,264 12,051 27,688
10 12,991 12,991 27,688 12,359 12,359 27,688
15 15,122 15,122 27,688 11,845 11,845 27,688
20 17,633 17,633 27,688 6,587 6,587 27,688
25 20,592 20,592 27,688 - - -
30 24,079 24,079 27,688 - - -
Values shown in the Current Charges columns are calculated using an illustrated
non-guaranteed gross investment return, investment advisory fees, current cost
of insurance rates, administrative fees, and mortality and expense risk rates.
Values shown in the Guaranteed Charges columns are calculated using an
illustrated non-guaranteed gross investment return, investment advisory fees,
guaranteed cost of insurance rates, administrative fees, and mortality and
expense rates.
<PAGE>
GLENBROOK PROVIDER VARIABLE LIFE
A Modified Single Premium Variable Life Insurance Illustration
JOINT LIFE OPTION
$10,000.00 INITIAL PREMIUM
ISSUE AGE 65 MALE / 65 FEMALE - STANDARD CLASS
$27,688 INITIAL DEATH BENEFIT
ASSUMING HYPOTHETICAL GROSS ANNUAL INVESTMENT RETURN OF 12% (11.11% NET)
Non-guaranteed illustrated values Non-guaranteed illustrated values
using Current Charges using Guaranteed Charges
End of Cash Net Cash Net
Contract Account SurrenderDeath Account Surrender Death
Year Value Value Benefit Value Value Benefit
1 10,898 10,048 27,688 10,898 10,048 27,688
2 11,864 11,035 27,688 11,864 11,035 27,688
3 12,905 12,098 27,688 12,905 12,098 27,688
4 14,027 13,283 27,688 14,027 13,283 27,688
5 15,238 14,600 27,688 15,238 14,600 27,688
6 16,547 16,016 27,688 16,547 16,016 27,688
7 17,965 17,540 27,688 17,965 17,540 27,688
8 19,506 19,187 27,688 19,506 19,187 27,688
9 21,186 20,974 27,688 21,186 20,974 27,688
10 23,030 23,030 27,688 23,030 23,030 27,688
15 36,182 36,182 37,991 36,182 36,182 37,991
20 56,531 56,531 59,358 56,531 56,531 59,358
25 87,719 87,719 92,105 86,909 86,909 91,255
30 136,605 136,605 137,971 134,084 134,084 135,425
Values shown in the Current Charges columns are calculated using an illustrated
non-guaranteed gross investment return, investment advisory fees, current cost
of insurance rates, administrative fees, and mortality and expense risk rates.
Values shown in the Guaranteed Charges columns are calculated using an
illustrated non-guaranteed gross investment return, investment advisory fees,
guaranteed cost of insurance rates, administrative fees, and mortality and
expense rates.
