| $1,000 Payment made on |
|
10/ 1/99 |
|
|
| and fully redeemed on |
|
12/31/99 |
|
|
|
| A $40 Annual Contract Maintenance
Charge is assessed at redemption. |
|
| For this calculation, it is prorated
among Sub-Accounts, with 3.57% allocated to the Sub-Account |
|
| There are no Deferred Sales Charges
on this Contract. |
|
| |
|
Dates
|
|
Accumulation
Unit Values
|
| Inception Date of
Contract |
|
10/ 1/99 |
|
10.000000 |
| |
|
12/31/99 |
|
9.847039 |
|
| The
Standardized Total Return (Since Inception) through
12/31/1999 |
|
| Accumulated Value |
|
|
|
|
|
(1000/10.000000) × 9.847039 |
|
|
|
$984.70 |
| Surrender-Free Amount |
|
|
|
$984.70 |
| Ending Redeemable
Value |
|
|
|
|
|
984.70 - .0357 × 40 |
|
|
|
$983.28 |
| |
|
| Standardized
Total Return (Since Inception) through 12/31/1999 |
| |
|
| ((983.28/1000) - 1) ×
100 |
|
|
|
-1.67% |
|
| Note:
Returns are not annualized for periods less than 1
year. |
|
| |
|
| 2. Annualized Accumulation Unit Value(AUV)
Return |
|
| For a one year period, the
annualized AUV return is equal to the percentage change in
accumulation unit values. |
|
| For periods greater than
one year, it is the effective annual compounded rate. |
|
| Assuming experience from
the American Century VP Value Sub-Account: |
|
| |
|
Dates
|
|
Accumulation
Unit Values
|
| |
|
12/31/96 |
|
7.858801 |
| |
|
12/31/99 |
|
9.847039 |
|
| Percentage Change in Accumulation Unit Values for
the period ending 12/31/1999 |
|
| ((9.847039/7.858801) - 1)
× 100% |
|
|
|
25.30% |
| |
|
| Annualized AUV Return for the 3 year period ending
12/31/1999 |
|
| ((1.2530 ˆ (1/3)) -
1 ) × 100% |
|
|
|
7.81% |
| |
|
| The symbol ˆ is
being used to denote exponentiation. |
|
|
| 3.
Nonstandard Average Annual Total Return (Since
Inception) |
|
|
|
|
| Assuming experience from the American Century VP Value
Sub-Account on a $25,000 Purchase Payment: |
|
|
|
|
| The growth of $25,000
reflects annual administrative charges of $40 but does not
reflect additional charge for any enhanced death benefit or
premium taxes. |
|
|
|
|
| |
|
|
|
|
| $25,000 Single Payment
made on Fund’s Inception Date |
|
5/ 1/96 |
|
$25,000 |
| Accumulated Value
on |
|
12/31/99 |
|
$34,702 |
| No. of Years Since
Payment (Inception) |
|
|
|
3.67 |
|
| Nonstandard Average Annual Total Return (Since
Inception) through the period ending 12/31/1999 |
|
| ((34,702/25,000) ˆ
(1/3.67) - 1) × 100% |
|
|
|
9.35% |
|
| The symbol ˆ is
being used to denote exponentiation. |
|
| |
|
| 4. Nonstandard Calendar Year Total
Return |
|
| Assuming experience from the American Century VP Value
Sub-Account on a $25,000 Purchase Payment: |
|
| The growth of $25,000
reflects annual administrative charges of $40 but does not
reflect additional charge for any enhanced death benefit or
premium taxes. |
|
| |
|
|
|
|
| $25,000 Single Payment
made on Fund’s Inception Date |
|
5/ 1/96 |
|
$25,000 |
| Accumulated Value
on |
|
12/31/98 |
|
$35,562 |
| Accumulated Value
on |
|
12/31/99 |
|
$34,702 |
|
| Nonstandard Calendar Year Total Return for the Year
ending 12/31/1999 |
|
| |
|
|
|
|
| ((34,702/35,562) - 1)
× 100% |
|
|
|
-2.42% |
|
| 5. 7-day Money Market Yield and Effective
Yield |
|
| |
|
| Assuming experience from the Oppenheimer Money Market
Sub-Account on a hypothetical $1 payment: |
|
| |
|
| Annualized Yields and
Effective Yields based on the seven-day period ending
12/31/1999 |
|
| |
|
|
|
|
| Unit Value |
|
12/23/99 |
|
10.088384 |
| Unit Value |
|
12/28/98 |
|
10.089701 |
| Unit Value |
|
12/31/98 |
|
10.092682 |
|
| To get the change in
value from 12/24/99 to 12/31/99: |
|
| |
|
| Step 1. Change in
value from 12/24/99 to 12/28/99 = *four-fifths (80%) of the
change from 12/23/99 to 12/28/99: |
|
| |
|
|
* Since 12/24/1999 was not a business
day |
|
| |
|
|
|
|
|
80% × ((10.089701/10.088384) ×
1) |
|
|
|
0.000104 |
|
| Step 2. Change in
value from 12/28/99 to 12/31/99: |
|
| |
|
|
|
|
|
(10.092682/10.089701) - 1 |
|
|
|
0.000295 |
|
| Step 3. Change in
value from 12/24/99 to 12/31/99: Add results of Steps 1 and
2 |
|
| |
|
|
|
|
|
.000104 + .000295 |
|
|
|
0.000399 |
