<PAGE>
Exhibit (24)
POWER-OF-ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that the person(s) whose signature
appears below hereby constitutes and appoints CHRISTINE A. NIXON AND MALLARY
Z. REZNIK or each of them, as his true and lawful attorneys-in fact and
agents, with full power of substitution and resubstitution, for him and in
his name, place and stead, in any and all capacities, to sign any and all
amendments (including post-effective amendments) to this Registration
Statement, and to file the same, with all exhibits thereto, and other
documents in connection therewith, as fully to all intents as he might or
could do in person, including specifically, but without limiting the
generality of the foregoing, to (i) take any action to comply with any rules,
regulations or requirements of the Securities and Exchange Commission under
the federal securities laws; (ii) make application for and secure any
exemptions from the federal securities laws; (iii) register additional
annuity contracts under the federal securities laws, if registration is
deemed necessary. The undersigned hereby ratifies and confirms all that said
attorneys-in-fact and agents or any of them, or their substitutes, shall do
or cause to be done by virtue thereof.
As required by the Securities Act of 1933, this Registration Statement
has been signed by the following persons in the capacity and on the dates
indicated.
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<CAPTION>
SIGNATURE TITLE DATE
--------- ----- ----
<S> <C> <C>
/s/ ELI BROAD President, Chief Executive
------------------ Officer, & Chairman of July 19, 2000
Eli Broad Board
(Principal Executive Officer)
/s/ N. SCOTT GILLIS Director &
-------------------- Senior Vice President July 19, 2000
N. Scott Gillis
/s/ JAMES R. BELARDI Director &
--------------------- Senior Vice President July 19, 2000
James R. Belardi
/s/ JANA W. GREER Director &
------------------ Senior Vice President July 19, 2000
Jana W. Greer
/s/ JAY S. WINTROB Director &
------------------ Executive Vice President July 19, 2000
Jay S. Wintrob
/s/ MAURICE HEBERT
------------------- Controller & Vice President July 19, 2000
Maurice Hebert (Principal Accounting Officer)
/s/ MARC H. GAMSIN Director &
------------------ Senior Vice President
Marc H. Gamsin
</TABLE>
