<PAGE>
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY (1)
MALE ISSUE AGE 45
STANDARD NONSMOKER FULL UNDERWRITING RISK
SPECIFIED FACE AMOUNT: $100,000 -- DEATH BENEFIT OPTION A
GUARANTEED MAXIMUM CHARGES
<TABLE>
<CAPTION>
TOTAL CASH VALUE (2) TOTAL DEATH BENEFIT (2)
Premiums Assuming Hypothetical Assuming Hypothetical
End Of Accumulated Gross Annual Investment Gross Annual Investment
Policy at 5% Interest Rates of Return of Rates of Return of
----------------------------------------------------------------------------------------------
Year Per Year 0% 6% 12% 0% 6% 12%
<S> <C> <C> <C> <C> <C> <C> <C>
1 2,100 1,298 1,389 1,481 100,000 100,000 100,000
2 4,305 2,543 2,805 3,078 100,000 100,000 100,000
3 6,620 3,734 4,247 4,805 100,000 100,000 100,000
4 9,051 4,869 5,716 6,673 100,000 100,000 100,000
5 11,604 5,946 7,209 8,695 100,000 100,000 100,000
6 14,284 6,962 8,724 10,884 100,000 100,000 100,000
7 17,098 7,910 10,256 13,253 100,000 100,000 100,000
8 20,053 8,786 11,801 15,818 100,000 100,000 100,000
9 23,156 9,582 13,353 18,596 100,000 100,000 100,000
10 26,414 10,293 14,907 21,608 100,000 100,000 100,000
15 45,315 12,728 22,985 41,711 100,000 100,000 100,000
20 69,439 11,985 30,585 74,406 * 100,000 100,000 100,000 *
25 100,227 5,825 36,393 128,954 * 100,000 100,000 150,077 * (3)
30 139,522 0 (4) 37,697 215,165 * 0 (4) 100,000 230,980 * (3)
</TABLE>
(1) Assumes annual planned premium payments of $2,000 paid in full at
beginning of each Policy Year. The values would vary from those shown if
the amount or frequency of payments varies.
(2) Amounts shown take into account deductions from premiums, the monthly
deduction from cash value (including the cost of insurance and mortality
and expense risks charge), the daily charge to the Funds for investment
management services equivalent to an annual rate of .62% of the average
daily value of the aggregate net assets of the Funds (which represents a
simple average of the maximum management fees applicable to the 40
available portfolios of the Funds), and .20% for other direct Fund
expenses (the average of the expenses indicated in the chart in the
MetFlex prospectus under "Fund Investment Management Fees and Direct
Expenses"). Where applicable, the other direct Fund expenses include
12b-1 fees of not more than .25%. Fees and expenses also take into
account any applicable subsidies. Without these subsidies, the gross
investment rates of return of 0%, 6%, and 12% correspond to actual (or
net) annual rates of -.81%, 5.14%, and 11.09%, respectively.
Amounts shown assume no policy loan or partial withdrawal has been made.
Excessive loans or withdrawals, adverse investment performance or
insufficient premium payments may cause the Policy to terminate because
of insufficient cash value. Amounts do not reflect the refund of sales
load and do not show the impact of any available riders.
(3) Minimum death benefit applies; see "Death Benefit Options -- Minimum
Death Benefit" for further details.
(4) Zero values in cash value and death benefit indicate termination of
coverage in the absence of a sufficient additional premium payment; see
"Payment and Allocation of Premiums - Termination" for further details.
* If the Cash Value Accumulation test had been used, the following changes
would apply:
<TABLE>
<CAPTION>
12% 12%
Cash Death
Yr. Value Benefit
--- ----- -------
<S> <C> <C>
20 73,268 129,425
25 118,426 187,369
30 180,519 259,349
</TABLE>
<PAGE>
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY (1)
MALE ISSUE AGE 45
STANDARD NONSMOKER FULL UNDERWRITING RISK
SPECIFIED FACE AMOUNT: $100,000 -- DEATH BENEFIT OPTION A
CURRENT CHARGES
<TABLE>
<CAPTION>
TOTAL CASH VALUE (2) TOTAL DEATH BENEFIT (2)
Premiums Assuming Hypothetical Assuming Hypothetical
End Of Accumulated Gross Annual Investment Gross Annual Investment
Policy at 5% Interest Rates of Return of Rates of Return of
-----------------------------------------------------------------------------------------------
Year Per Year 0% 6% 12% 0% 6% 12%
<S> <C> <C> <C> <C> <C> <C> <C>
1 2,100 1,627 1,728 1,830 100,000 100,000 100,000
2 4,305 3,226 3,530 3,847 100,000 100,000 100,000
3 6,620 4,796 5,407 6,067 100,000 100,000 100,000
4 9,051 6,338 7,363 8,516 100,000 100,000 100,000
5 11,604 7,847 9,398 11,213 100,000 100,000 100,000
6 14,284 9,323 11,515 14,182 100,000 100,000 100,000
7 17,098 10,765 13,716 17,454 100,000 100,000 100,000
8 20,053 12,171 16,004 21,060 100,000 100,000 100,000
9 23,156 13,545 18,387 25,040 100,000 100,000 100,000
10 26,414 14,903 20,893 29,470 100,000 100,000 100,000
15 45,315 21,448 35,467 60,240 100,000 100,000 100,000
20 69,439 26,877 53,496 111,736 100,000 100,000 136,764 (3)
25 100,227 30,849 76,416 * 197,139 * 100,000 100,000 * 229,430 * (3)
30 139,522 32,029 106,188 * 337,988 * 100,000 113,993 * (3) 362,831 * (3)
</TABLE>
(1) Assumes annual planned premium payments of $2,000 paid in full at
beginning of each Policy Year. The values would vary from those shown if
the amount or frequency of payments varies.
(2) Amounts shown take into account deductions from premiums, the monthly
deduction from cash value (including the cost of insurance and mortality
and expense risks charge), the daily charge to the Funds for investment
management services equivalent to an annual rate of .62% of the average
daily value of the aggregate net assets of the Funds (which represents a
simple average of the maximum management fees applicable to the 40
available portfolios of the Funds), and .20% for other direct Fund
expenses (the average of the expenses indicated in the chart in the
MetFlex prospectus under "Fund Investment Management Fees and Direct
Expenses"). Where applicable, the other direct Fund expenses include
12b-1 fees of not more than .25%. Fees and expenses also take into
account any applicable subsidies. Without these subsidies, the gross
investment rates of return of 0%, 6%, and 12% correspond to actual (or
net) annual rates of -.81%, 5.14%, and 11.09%, respectively.
Amounts shown assume no policy loan or partial withdrawal has been made.
Excessive loans or withdrawals, adverse investment performance or
insufficient premium payments may cause the Policy to terminate because
of insufficient cash value. Amounts do not reflect the refund of sales
load and do not show the impact of any available riders.
(3) Minimum death benefit applies; see "Death Benefit Options -- Minimum
Death Benefit" for further details.
* If the Cash Value Accumulation test had been used, the following changes
would apply:
<TABLE>
<CAPTION>
6% 12% 6% 12%
Cash Cash Death Death
Yr. Value Value Yr. Benefit Benefit
--- ----- ----- --- ------- -------
<S> <C> <C> <C> <C> <C>
15 n/a 60,156 15 n/a 120,254
20 n/a 109,801 20 n/a 193,959
25 75,923 189,447 25 120,123 299,736
30 102,251 314,222 30 146,903 451,439
</TABLE>
<PAGE>
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY (1)
MALE ISSUE AGE 45
STANDARD NONSMOKER FULL UNDERWRITING RISK
SPECIFIED FACE AMOUNT: $100,000 -- DEATH BENEFIT OPTION B
GUARANTEED MAXIMUM CHARGES
<TABLE>
<CAPTION>
TOTAL CASH VALUE (2) TOTAL DEATH BENEFIT (2)
Premiums Assuming Hypothetical Assuming Hypothetical
End Of Accumulated Gross Annual Investment Gross Annual Investment
Policy at 5% Interest Rates of Return of Rates of Return of
----------------------------------------------------------------------------------------------
Year Per Year 0% 6% 12% 0% 6% 12%
<S> <C> <C> <C> <C> <C> <C> <C>
1 2,100 1,291 1,382 1,472 101,291 101,382 101,472
2 4,305 2,521 2,781 3,052 102,521 102,781 103,052
3 6,620 3,690 4,197 4,748 103,690 104,197 104,748
4 9,051 4,795 5,628 6,568 104,795 105,628 106,568
5 11,604 5,833 7,069 8,521 105,833 107,069 108,521
6 14,284 6,800 8,515 10,614 106,800 108,515 110,614
7 17,098 7,688 9,956 12,852 107,688 109,956 112,852
8 20,053 8,490 11,387 15,241 108,490 111,387 115,241
9 23,156 9,200 12,795 17,787 109,200 112,795 117,787
10 26,414 9,810 14,172 20,497 109,810 114,172 120,497
15 45,315 11,476 20,627 37,273 111,476 120,627 137,273
20 69,439 9,493 24,530 59,803 109,493 124,530 159,803
25 100,227 1,941 22,736 88,697 101,941 122,736 188,697
30 139,522 0 (4) 9,871 123,294 0 (4) 109,871 223,294
</TABLE>
(1) Assumes annual planned premium payments of $2,000 paid in full at
beginning of each Policy Year. The values would vary from those shown if
the amount or frequency of payments varies.
(2) Amounts shown take into account deductions from premiums, the monthly
deduction from cash value (including the cost of insurance and mortality
and expense risks charge), the daily charge to the Funds for investment
management services equivalent to an annual rate of .62% of the average
daily value of the aggregate net assets of the Funds (which represents a
simple average of the maximum management fees applicable to the 40
available portfolios of the Funds), and .20% for other direct Fund
expenses (the average of the expenses indicated in the chart in the
MetFlex prospectus under "Fund Investment Management Fees and Direct
Expenses"). Where applicable, the other direct Fund expenses include
12b-1 fees of not more than .25%. Fees and expenses also take into
account any applicable subsidies. Without these subsidies, the gross
investment rates of return of 0%, 6%, and 12% correspond to actual (or
net) annual rates of -.81%, 5.14%, and 11.09%, respectively.
Amounts shown assume no policy loan or partial withdrawal has been made.
Excessive loans or withdrawals, adverse investment performance or
insufficient premium payments may cause the Policy to terminate because
of insufficient cash value. Amounts do not reflect the refund of sales
load and do not show the impact of any available riders.
(4) Zero values in cash value and death benefit indicate termination of
coverage in the absence of a sufficient additional premium payment; see
"Payment and Allocation of Premiums - Termination" for further details.
<PAGE>
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY (1)
MALE ISSUE AGE 45
STANDARD NONSMOKER FULL UNDERWRITING RISK
SPECIFIED FACE AMOUNT: $100,000 -- DEATH BENEFIT OPTION B
CURRENT CHARGES
<TABLE>
<CAPTION>
TOTAL CASH VALUE (2) TOTAL DEATH BENEFIT (2)
Premiums Assuming Hypothetical Assuming Hypothetical
End Of Accumulated Gross Annual Investment Gross Annual Investment
Policy at 5% Interest Rates of Return of Rates of Return of
--------------------------------------------------------------------------------------
Year Per Year 0% 6% 12% 0% 6% 12%
<S> <C> <C> <C> <C> <C> <C> <C>
1 2,100 1,624 1,726 1,827 101,624 101,726 101,827
2 4,305 3,218 3,522 3,837 103,218 103,522 103,837
3 6,620 4,780 5,389 6,047 104,780 105,389 106,047
4 9,051 6,311 7,331 8,479 106,311 107,331 108,479
5 11,604 7,806 9,347 11,150 107,806 109,347 111,150
6 14,284 9,262 11,436 14,082 109,262 111,436 114,082
7 17,098 10,680 13,602 17,303 110,680 113,602 117,303
8 20,053 12,055 15,843 20,838 112,055 115,843 120,838
9 23,156 13,393 18,167 24,726 113,393 118,167 124,726
10 26,414 14,708 20,600 29,033 114,708 120,600 129,033
15 45,315 20,892 34,459 58,400 120,892 134,459 158,400
20 69,439 25,573 50,628 105,693 125,573 150,628 205,693
25 100,227 28,094 68,974 182,240 * 128,094 168,974 282,240 *
30 139,522 26,440 87,598 304,630 * 126,440 187,598 404,630 *
</TABLE>
(1) Assumes annual planned premium payments of $2,000 paid in full at
beginning of each Policy Year. The values would vary from those shown if
the amount or frequency of payments varies.
(2) Amounts shown take into account deductions from premiums, the monthly
deduction from cash value (including the cost of insurance and mortality
and expense risks charge), the daily charge to the Funds for investment
management services equivalent to an annual rate of .62% of the average
daily value of the aggregate net assets of the Funds (which represents a
simple average of the maximum management fees applicable to the 40
available portfolios of the Funds), and .20% for other direct Fund
expenses (the average of the expenses indicated in the chart in the
MetFlex prospectus under "Fund Investment Management Fees and Direct
Expenses"). Where applicable, the other direct Fund expenses include
12b-1 fees of not more than .25%. Fees and expenses also take into
account any applicable subsidies. Without these subsidies, the gross
investment rates of return of 0%, 6%, and 12% correspond to actual (or
net) annual rates of -.81%, 5.14%, and 11.09%, respectively.
Amounts shown assume no policy loan or partial withdrawal has been made.
Excessive loans or withdrawals, adverse investment performance or
insufficient premium payments may cause the Policy to terminate because
of insufficient cash value. Amounts do not reflect the refund of sales
load and do not show the impact of any available riders.
* If the Cash Value Accumulation test had been used, the following changes
would apply:
<TABLE>
<CAPTION>
12% 12%
Cash Death
Yr. Value Benefit
<S> <C> <C>
25 182,219 288,301
30 302,704 434,892
</TABLE>
<PAGE>
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY (1)
MALE ISSUE AGE 45
STANDARD NONSMOKER FULL UNDERWRITING RISK
SPECIFIED FACE AMOUNT: $100,000 -- DEATH BENEFIT OPTION C
GUARANTEED MAXIMUM CHARGES
<TABLE>
<CAPTION>
TOTAL CASH VALUE (2) TOTAL DEATH BENEFIT (2)
Premiums Assuming Hypothetical Assuming Hypothetical
End Of Accumulated Gross Annual Investment Gross Annual Investment
Policy at 5% Interest Rates of Return of Rates of Return of
-----------------------------------------------------------------------------------------------------
Year Per Year 0% 6% 12% 0% 6% 12%
<S> <C> <C> <C> <C> <C> <C> <C>
1 2,100 1,289 1,380 1,471 102,000 102,000 102,000
2 4,305 2,513 2,774 3,045 104,000 104,000 104,000
3 6,620 3,671 4,181 4,734 106,000 106,000 106,000
4 9,051 4,760 5,597 6,544 108,000 108,000 108,000
5 11,604 5,774 7,018 8,483 110,000 110,000 110,000
6 14,284 6,708 8,438 10,560 112,000 112,000 112,000
7 17,098 7,553 9,846 12,781 114,000 114,000 114,000
8 20,053 8,298 11,232 15,152 116,000 116,000 116,000
9 23,156 8,935 12,586 17,682 118,000 118,000 118,000
10 26,414 9,451 13,894 20,380 120,000 120,000 120,000
15 45,315 10,182 19,692 37,349 130,000 130,000 130,000
20 69,439 5,637 21,802 61,673 140,000 140,000 140,000
25 100,227 0 (4) 14,747 98,541 0 (4) 150,000 150,000
30 139,522 0 (4) 0 (4) 162,282 * 0 (4) 0 (4) 174,211 * (3)
</TABLE>
(1) Assumes annual planned premium payments of $2,000 paid in full at
beginning of each Policy Year. The values would vary from those shown if
the amount or frequency of payments varies.
(2) Amounts shown take into account deductions from premiums, the monthly
deduction from cash value (including the cost of insurance and mortality
and expense risks charge), the daily charge to the Funds for investment
management services equivalent to an annual rate of .62% of the average
daily value of the aggregate net assets of the Funds (which represents a
simple average of the maximum management fees applicable to the 40
available portfolios of the Funds), and .20% for other direct Fund
expenses (the average of the expenses indicated in the chart in the
MetFlex prospectus under "Fund Investment Management Fees and Direct
Expenses"). Where applicable, the other direct Fund expenses include
12b-1 fees of not more than .25%. Fees and expenses also take into
account any applicable subsidies. Without these subsidies, the gross
investment rates of return of 0%, 6%, and 12% correspond to actual (or
net) annual rates of -.81%, 5.14%, and 11.09%, respectively.
Amounts shown assume no policy loan or partial withdrawal has been made.
Excessive loans or withdrawals, adverse investment performance or
insufficient premium payments may cause the Policy to terminate because
of insufficient cash value. Amounts do not reflect the refund of sales
load and do not show the impact of any available riders.
(3) Minimum death benefit applies; see "Death Benefit Options -- Minimum
Death Benefit" for further details.
(4) Zero values in cash value and death benefit indicate termination of
coverage in the absence of a sufficient additional premium payment; see
"Payment and Allocation of Premiums - Termination" for further details.
* If the Cash Value Accumulation test had been used, the following changes
would apply:
<TABLE>
<CAPTION>
12% 12%
Cash Death
Yr. Value Benefit
<S> <C> <C>
25 98,494 155,833
30 152,069 218,475
</TABLE>
<PAGE>
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY (1)
MALE ISSUE AGE 45
STANDARD NONSMOKER FULL UNDERWRITING RISK
SPECIFIED FACE AMOUNT: $100,000 -- DEATH BENEFIT OPTION C
CURRENT CHARGES
<TABLE>
<CAPTION>
TOTAL CASH VALUE (2) TOTAL DEATH BENEFIT (2)
Premiums Assuming Hypothetical Assuming Hypothetical
End Of Accumulated Gross Annual Investment Gross Annual Investment
Policy at 5% Interest Rates of Return of Rates of Return of
---------------------------------------------------------------------------------------
Year Per Year 0% 6% 12% 0% 6% 12%
<S> <C> <C> <C> <C> <C> <C> <C>
1 2,100 1,624 1,725 1,827 102,000 102,000 102,000
2 4,305 3,217 3,521 3,837 104,000 104,000 104,000
3 6,620 4,777 5,387 6,046 106,000 106,000 106,000
4 9,051 6,305 7,328 8,478 108,000 108,000 108,000
5 11,604 7,796 9,341 11,150 110,000 110,000 110,000
6 14,284 9,247 11,429 14,086 112,000 112,000 112,000
7 17,098 10,658 13,593 17,313 114,000 114,000 114,000
8 20,053 12,024 15,832 20,860 116,000 116,000 116,000
9 23,156 13,350 18,156 24,766 118,000 118,000 118,000
10 26,414 14,650 20,589 29,102 120,000 120,000 120,000
15 45,315 20,696 34,495 58,954 130,000 130,000 130,000
20 69,439 25,012 50,937 108,473 * 140,000 140,000 140,000 *
25 100,227 26,590 70,256 191,703 * 150,000 150,000 223,104 * (3)
30 139,522 22,231 91,937 329,016 * 160,000 160,000 353,199 * (3)
</TABLE>
(1) Assumes annual planned premium payments of $2,000 paid in full at
beginning of each Policy Year. The values would vary from those shown if
the amount or frequency of payments varies.
(2) Amounts shown take into account deductions from premiums, the monthly
deduction from cash value (including the cost of insurance and mortality
and expense risks charge), the daily charge to the Funds for investment
management services equivalent to an annual rate of .62% of the average
daily value of the aggregate net assets of the Funds (which represents a
simple average of the maximum management fees applicable to the 40
available portfolios of the Funds), and .20% for other direct Fund
expenses (the average of the expenses indicated in the chart in the
MetFlex prospectus under "Fund Investment Management Fees and Direct
Expenses"). Where applicable, the other direct Fund expenses include
12b-1 fees of not more than .25%. Fees and expenses also take into
account any applicable subsidies. Without these subsidies, the gross
investment rates of return of 0%, 6%, and 12% correspond to actual (or
net) annual rates of -.81%, 5.14%, and 11.09%, respectively.
Amounts shown assume no policy loan or partial withdrawal has been made.
Excessive loans or withdrawals, adverse investment performance or
insufficient premium payments may cause the Policy to terminate because
of insufficient cash value. Amounts do not reflect the refund of sales
load and do not show the impact of any available riders.
(3) Minimum death benefit applies; see "Death Benefit Options -- Minimum
Death Benefit" for further details.
* If the Cash Value Accumulation test had been used, the following changes
would apply:
<TABLE>
<CAPTION>
12% 12%
Cash Death
Yr. Value Benefit
<S> <C> <C>
20 107,784 190,397 (3)
25 186,196 294,593
30 309,042 443,996
</TABLE>
