<PAGE>
--------------
PACIFIC INNOVATIONS SELECT VARIABLE ANNUITY - SEPARATE ACCOUNT A
SCHEDULE FOR COMPUTATION OF PERFORMANCE QUOTATIONS
AVERAGE INITIAL PREMIUM = $80,000.
--------------
FROM INCEPTION OF SEPARATE ACCOUNT
<TABLE>
<CAPTION>
Small Cap Mid Cap
Aggsv Eqty Emerg Mkts Equity Equity Multi-Strat Equity Income Growth LT Value Equity Index
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Start Date 4/17/1996 4/17/1996 10/1/1999 1/2/1996 1/2/1996 1/2/1996 1/2/1996 1/4/1999 1/2/1996
Beginning AUV 9.907633 10.101353 46.148662 14.377405 20.217176 22.313569 14.998761 10.000000 18.787969
End Date 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999
Ending AUV 15.169998 10.047014 59.022981 36.667261 32.043388 44.667868 57.535596 10.000219 43.969817
Days 1353 1353 91 1459 1459 1459 1459 361 1459
Annual Fee ($30) $ 0.46 $ 0.46 $ - $ - $ - $ - $ - $ - $ -
CDSC $ - $ - $ 56.70 $ - $ - $ - $ - $ 56.70 $ -
Ending ERV $ 1,531.14 $ 993.98 $ 1,222.27 $ 2,550.34 $ 1,584.96 $ 2,001.83 $ 3,836.02 $ 978.34 $ 2,340.32
AAR W/Drawal 12.18% -0.16% 22.23% 26.39% 12.21% 18.96% 39.98% -2.17% 23.70%
AAR Account 12.18% -0.16% 27.90% 26.39% 12.21% 18.96% 39.98% 3.50% 23.70%
</TABLE>
Dollar Values are per $1000 of initial premium
Average Annual Return (AAR) of Surrender Value = [(ERV/$1000)^(365/# days)]-1
Average Annual Total Return (AATR) of Surrender Value = (ERV/$1000)-1
$30 Annual Fee waived if contract value over $50,000
<TABLE>
<CAPTION>
Small Cap Large Cap
Index REIT Intern'l Value Govt Sec Mgd Bond Money Mkt High Yield Value
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Start Date 1/4/1999 1/4/1999 1/2/1996 1/2/1996 1/2/1996 1/2/1996 1/2/1996 1/4/1999
Beginning AUV 10.000000 10.000000 16.208935 18.118416 18.908979 13.352866 20.692673 10.000000
End Date 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999
Ending AUV 9.954892 10.000151 25.829881 20.460946 21.71728 15.27168 24.848555 10.040437
Days 361 361 1459 1459 1459 1459 1459 361
Annual Fee ($30) $ - $ - $ - $ - $ - $ - $ - $ -
CDSC $ 56.70 $ 56.70 $ - $ - $ - $ - $ - $ 56.70
Ending ERV $ 1,117.50 $ 926.92 $ 1,593.56 $ 1,129.29 $ 1,148.52 $ 1,143.70 $ 1,200.84 $ 1,039.76
AAR W/Drawal 11.75% -7.31% 12.36% 3.09% 3.52% 3.42% 4.69% 3.98%
AAR Account 17.42% -1.64% 12.36% 3.09% 3.52% 3.42% 4.69% 9.65%
</TABLE>
Dollar Values are per $1000 of initial premium
Average Annual Return (AAR) of Surrender Value = [(ERV/$1000)^(365/# days)]-1
Average Annual Total Return (AATR) of Surrender Value = (ERV/$1000)-1
$30 Annual Fee waived if contract value over $50,000
<PAGE>
--------------
PACIFIC INNOVATIONS SELECT VARIABLE ANNUITY - SEPARATE ACCOUNT A
SCHEDULE FOR COMPUTATION OF PERFORMANCE QUOTATIONS
AVERAGE INITIAL PREMIUM = $65,000.
--------------
FROM INCEPTION OF FUND
<TABLE>
<CAPTION>
Small Cap Mid Cap
Aggsv Eqty Emerg Mkts Equity Equity Multi-Strat Equity Income Growth LT Value Equity Index
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Start Date 4/1/1996 4/1/1996 1/4/1988 1/1/1984 1/4/1988 1/4/1988 1/3/1994 1/4/1999 1/30/1991
Beginning AUV 10.000000 10.000000 10.000000 10.000000 10.520304 10.000000 10.000000 10.000000 10.000000
End Date 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999
Ending AUV 15.169998 10.047014 59.022981 36.667261 32.043388 44.667868 57.535596 10.350419 43.969817
Days 1369 1369 4379 5843 4379 4379 2188 361 3257
Annual Fee ($30) $ - $ 0.46 $ - $ - $ - $ - $ - $ - $ -
CDSC $ - $ - $ - $ - $ - $ - $ - $ 56.70 $ -
Ending ERV $ 1,517.00 $ 1,004.06 $ 5,902.30 $ 3,666.36 $ 3,204.34 $ 4,466.79 $ 5,753.56 $ 978.34 $ 4,396.98
AAR W/Drawal 11.75% 0.11% 15.95% 8.45% 10.19% 13.29% 33.90% -2.17% 18.05%
AAR Account 11.75% 0.11% 15.95% 8.45% 10.19% 13.29% 33.90% 3.50% 18.05%
</TABLE>
Dollar Values are per $1000 of initial premium
Average Annual Return (AAR) of Surrender Value = [(ERV/$1000)^(365/# days)]-1
Average Annual Total Return (AATR) of Surrender Value = (ERV/$1000)-1
$30 Annual Fee waived if contract value over $50,000
<TABLE>
<CAPTION>
Small Cap Large Cap
Index REIT Intern'l Value Govt Sec Mgd Bond Money Mkt High Yield Value
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Start Date 1/4/1999 1/4/1999 1/4/1988 1/4/1988 1/4/1988 1/4/1988 1/4/1988 1/4/1999
Beginning AUV 10.000000 10.000000 10.000000 10.000000 10.000000 10.000000 10.000000 10.000000
End Date 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999
Ending AUV 11.741984 9.836214 25.829881 20.460946 21.717280 15.271680 24.848555 10.964610
Days 361 361 4379 4379 4379 4379 4379 361
Annual Fee ($30) $ - $ - $ - $ - $ - $ - $ - $ -
CDSC $ 56.70 $ 56.70 $ - $ - $ - $ - $ - $ 56.70
Ending ERV $ 1,117.50 $ 926.92 $ 2,582.99 $ 2,046.09 $ 2,171.73 $ 1,527.17 $ 2,484.86 $ 1,039.76
AAR W/Drawal 11.75% -7.31% 8.23% 6.15% 6.68% 3.59% 7.88% 3.98%
AAR Account 17.42% -1.64% 8.23% 6.15% 6.68% 3.59% 7.88% 9.65%
</TABLE>
Dollar Values are per $1000 of initial premium
Average Annual Return (AAR) of Surrender Value = [(ERV/$1000)^(365/# days)]-1
Average Annual Total Return (AATR) of Surrender Value = (ERV/$1000)-1
$30 Annual Fee waived if contract value over $50,000
<PAGE>
-------------
PACIFIC INNOVATIONS SELECT VARIABLE ANNUITY - SEPARATE ACCOUNT A
SCHEDULE FOR COMPUTATION OF PERFORMANCE QUOTATIONS
AVERAGE INITIAL PREMIUM = $65,000.
-------------
LAST 10 YEARS ENDING 12/31/99
<TABLE>
<CAPTION>
Small Cap Mid Cap
Aggsv Eqty Emerg Mkts Equity Equity Multi-Strat Equity Income Growth LT Value Equity Index
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Start Date N/A N/A 12/29/1989 12/29/1989 12/29/1989 12/29/1989 N/A N/A N/A
Beginning AUV 15.058267 11.089966 12.761007 13.534711
End Date 12/31/1999 12/31/1999 12/31/1999 12/31/1999
Ending AUV 59.022981 36.667261 32.043388 44.667868
Annual Fee ($30) $ - $ - $ - $ -
CDSC $ - $ - $ - $ -
Ending ERV $ 3,919.64 $ 3,306.35 $ 2,511.04 $ 3,300.25
AAR W/Drawal 14.64% 12.70% 9.64% 12.68%
AAR Account 14.64% 12.70% 9.64% 12.68%
</TABLE>
Dollar Values are per $1000 of initial premium
Average Annual Return (AAR) of Surrender Value = [(ERV/$1000)^(1/10)]-1
$30 Annual Fee waived if contract value over $50,000
<TABLE>
<CAPTION>
Small Cap Large Cap
Index REIT Intern'l Value Govt Sec Mgd Bond Money Mkt High Yield Value
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Start Date N/A N/A 12/29/1989 12/29/1989 12/29/1989 12/29/1989 12/29/1989 N/A
Beginning AUV 13.756937 11.812168 11.891587 11.136804 10.910441
End Date 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999
Ending AUV 25.829881 20.460946 21.717280 15.271680 24.848555
Annual Fee ($30) $ - $ - $ - $ - $ -
CDSC $ - $ - $ - $ - $ -
Ending ERV $ 1,877.59 $ 1,732.19 $ 1,826.27 $ 1,371.28 $ 2,277.50
AAR W/Drawal 6.50% 5.65% 6.21% 3.21% 8.58%
AAR Account 6.50% 5.65% 6.21% 3.21% 8.58%
</TABLE>
Dollar Values are per $1000 of initial premium
Average Annual Return (AAR) of Surrender Value = [(ERV/$1000)^(1/10)]-1
$30 Annual Fee waived if contract value over $50,000
<PAGE>
----------
PACIFIC INNOVATIONS SELECT VARIABLE ANNUITY - SEPARATE ACCOUNT A
SCHEDULE FOR COMPUTATION OF PERFORMANCE QUOTATIONS
AVERAGE INITIAL PREMIUM = $65,000.
----------
LAST 5 YEARS ENDING 12/31/99
<TABLE>
<CAPTION>
Small Cap Mid Cap
Aggsv Eqty Emerg Mkts Equity Equity Multi-Strat Equity Income Growth LT Value Equity Index
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Start Date N/A N/A 12/30/1994 12/30/1994 12/30/1994 12/30/1994 12/30/1994 N/A 12/30/1994
Beginning AUV 21.003115 11.848567 16.312155 17.055215 11.141919 13.838678
End Date 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999
Ending AUV 59.022981 36.667261 32.043388 44.667868 57.535596 43.969817
Annual Fee ($30) $ - $ - $ - $ - $ - $ -
CDSC $ - $ - $ - $ - $ - $ -
Ending ERV $ 2,810.20 $ 3,094.66 $ 1,964.39 $ 2,619.02 $ 5,163.89 $ 3,177.31
AAR W/Drawal 22.96% 25.35% 14.46% 21.23% 38.87% 26.01%
AAR Account 22.96% 25.35% 14.46% 21.23% 38.87% 26.01%
</TABLE>
Dollar Values are per $1000 of initial premium
Average Annual Return (AAR) of Surrender Value = [(ERV/$1000)^(1/5)]-1
$30 Annual Fee waived if contract value over $50,000
<TABLE>
<CAPTION>
Small Cap Large Cap
Index REIT Intern'l Value Govt Sec Mgd Bond Money Mkt High Yield Value
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Start Date N/A N/A 12/30/1994 12/30/1994 12/30/1994 12/30/1994 12/30/1994 N/A
Beginning AUV 14.687367 15.494246 16.141082 12.856307 17.674579
End Date 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999
Ending AUV 25.829881 20.460946 21.717280 15.271680 24.848555
Annual Fee ($30) $ - $ - $ - $ - $ -
CDSC $ - $ - $ - $ - $ -
Ending ERV $ 1,758.65 $ 1,320.55 $ 1,345.47 $ 1,187.87 $ 1,405.89
AAR W/Drawal 11.95% 5.72% 6.11% 3.50% 7.05%
AAR Account 11.95% 5.72% 6.11% 3.50% 7.05%
</TABLE>
Dollar Values are per $1000 of initial premium
Average Annual Return (AAR) of Surrender Value = [(ERV/$1000)^(1/5)]-1
$30 Annual Fee waived if contract value over $50,000
<PAGE>
-------------
PACIFIC INNOVATIONS SELECT VARIABLE ANNUITY - SEPARATE ACCOUNT A
SCHEDULE FOR COMPUTATION OF PERFORMANCE QUOTATIONS
AVERAGE INITIAL PREMIUM = $65,000.
-------------
LAST 3 YEARS ENDING 12/31/99
<TABLE>
<CAPTION>
Small Cap Mid Cap
Aggsv Eqty Emerg Mkts Equity Equity Multi-Strat Equity Income Growth LT Value Equity Index
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Start Date 12/31/1996 12/31/1996 12/31/1996 12/31/1996 12/31/1996 12/31/1996 12/31/1996 N/A 12/31/1996
Beginning AUV 10.652132 9.556287 31.554759 18.061165 22.249539 25.946419 17.375857 22.431321
End Date 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999
Ending AUV 15.169998 10.047014 59.022981 36.667261 32.043388 44.667868 57.535596 43.969817
Annual Fee ($30) $ - $ 0.46 $ - $ - $ - $ - $ - $ -
CDSC $ - $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
Ending ERV $ 1,424.13 $ 1,050.65 $ 1,870.49 $ 2,030.17 $ 1,440.18 $ 1,721.54 $ 3,311.24 $ 1,960.20
AAR W/Drawal 12.51% 1.66% 23.21% 26.62% 12.93% 19.85% 49.05% 25.15%
AAR Account 12.51% 1.66% 23.21% 26.62% 12.93% 19.85% 49.05% 25.15%
</TABLE>
Dollar Values are per $1000 of initial premium
Average Annual Return (AAR) of Surrender Value = [(ERV/$1000)^(1/3)]-1
$30 Annual Fee waived if contract value over $50,000
<TABLE>
<CAPTION>
Small Cap Large Cap
Index REIT Intern'l Value Govt Sec Mgd Bond Money Mkt High Yield Value
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Start Date N/A N/A 12/31/1996 12/31/1996 12/31/1996 12/31/1996 12/31/1996 N/A
Beginning AUV 19.149387 18.333919 19.380265 13.793941 22.626409
End Date 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999
Ending AUV 25.829881 20.460946 21.717280 15.271680 24.848555
Annual Fee ($30) $ - $ - $ - $ - $ -
CDSC $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
Ending ERV $ 1,348.86 $ 1,116.02 $ 1,120.59 $ 1,107.13 $ 1,098.21
AAR W/Drawal 10.49% 3.73% 3.87% 3.45% 3.17%
AAR Account 10.49% 3.73% 3.87% 3.45% 3.17%
</TABLE>
Dollar Values are per $1000 of initial premium
Average Annual Return (AAR) of Surrender Value = [(ERV/$1000)^(1/3)]-1
$30 Annual Fee waived if contract value over $50,000
<PAGE>
--------------------------------------------------------------------------------
PACIFIC INNOVATIONS SELECT VARIABLE ANNUITY - SEPARATE ACCOUNT A
SCHEDULE FOR COMPUTATION OF PERFORMANCE QUOTATIONS
AVERAGE INITIAL PREMIUM = $65,000.
--------------------------------------------------------------------------------
LAST YEAR ENDING 12/31/99
<TABLE>
<CAPTION>
Small Cap
Aggsv Eqty Emerg Mkts Equity Equity Multi-Strat Equity Income Growth LT Mid Cap Value Equity Index
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Start Date 12/31/1998 12/31/1998 12/31/1998 12/31/1998 12/31/1998 12/31/1998 12/31/1998 N/A 12/31/1998
Beginning AUV 12.109974 6.651532 40.854828 26.906512 30.432577 40.092946 29.528791 37.067213
End Date 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999
Ending AUV 15.169998 10.047014 59.022981 36.667261 32.043388 44.667868 57.535596 43.969817
Annual Fee ($30) $ - $ - $ - $ - $ - $ - $ - $ -
CDSC $ - $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
Ending ERV 1,252.69 $ 1,510.48 $ 1,444.70 $ 1,362.77 $1,052.93 $1,114.11 $ 1,948.46 $ 1,186.22
AATR W/Drawal 25.27% 51.05% 44.47% 36.28% 5.29% 11.41% 94.85% 18.62%
AATR Account 25.27% 51.05% 44.47% 36.28% 5.29% 11.41% 94.85% 18.62%
</TABLE>
Dollar Values are per $1000 of initial premium
Average Annual Total Return (AATR) of Surrender Value = [ERV/$1000]-1
$30 Annual Fee waived if contract value over $50,000
<TABLE>
<CAPTION>
Small Cap Large Cap
Index REIT Intern'l Value Govt Sec Mgd Bond Money Mkt High Yield Value
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Start Date N/A N/A 12/31/1998 12/31/1998 12/31/1998 12/31/1998 12/31/1998 N/A
Beginning AUV 21.380625 21.215346 22.509068 14.795493 24.549082
End Date 12/31/1999 12/31/1999 12/31/1999 12/31/1999 12/31/1999
Ending AUV 25.829881 20.460946 21.71728 15.27168 24.848555
Annual Fee ($30) $ - $ - $ - $ - $ -
CDSC $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
Ending ERV $1,208.10 $ 964.44 $ 964.82 $1,032.18 $ 1,012.20
AATR W/Drawal 20.81% -3.56% -3.52% 3.22% 1.22%
AATR Account 20.81% -3.56% -3.52% 3.22% 1.22%
</TABLE>
Dollar Values are per $1000 of initial premium
Average Annual Total Return (AATR) of Surrender Value = [ERV/$1000]-1
$30 Annual Fee waived if contract value over $50,000
<PAGE>
-----------------------
PACIFIC INNOVATIONS SELECT VARIABLE ANNUITY SEPARATE ACCOUNT PERFORMANCE
THE RESULTS SHOWN IN THIS SECTION ARE NOT AN ESTIMATE OR GUARANTEE OF FUTURE
INVESTMENT PERFORMANCE.
ANNUALIZED RATES OF RETURN FOR PERIODS ENDING DECEMBER 31, 1999
ALL NUMBERS ARE EXPRESSED AS A PERCENTAGE.
<TABLE>
<CAPTION>
1 YEAR 3 YEAR SINCE INCEPTION
------ ------ ---------------
VARIABLE ACCOUNTS AV FWV AV FWV AV FWV
----------------- -- --- -- --- -- ---
<S> <C> <C> <C> <C> <C> <C>
Aggresive Equity 4/17/96* 25.27 18.97 12.51 11.55 12.18 12.18
Emerging Markets 4/17/96* 51.05 44.75 1.66 0.49 (0.16) (0.16)
Small Cap Equity 10/1/99* 27.90 ** 22.23 **
Equity 1/2/96* 36.28 29.98 26.62 25.87 26.39 26.39
Multi-Strategy 1/2/96* 5.29 (1.01) 12.93 11.98 12.21 12.21
Equity Income 1/2/96* 11.41 5.11 19.85 19.01 18.96 18.96
Growth LT 1/2/96* 94.85 88.55 49.05 48.51 39.98 39.98
Mid Cap Value 1/4/99* 3.50 (2.17) **
Equity Index 1/2/96* 18.62 12.32 25.15 24.38 23.70 23.70
Small Cap Index 1/4/99* 17.42 ** 11.75 **
REIT 1/4/99* (1.64) ** (7.31) **
International Value 1/2/96* 20.81 14.51 10.49 9.50 12.36 12.36
Government Securities 1/2/96* (3.56) (9.86) 3.73 2.60 3.09 3.09
Managed Bond 1/2/96* (3.52) (9.82) 3.87 2.74 3.52 3.52
Money Market 1/2/96* 3.22 (3.08) 3.45 2.32 3.42 3.42
High Yield Bond 1/2/96* 1.22 (5.08) 3.17 2.03 4.69 4.69
Large Cap Value 1/4/99* 9.65 ** 3.98 **
</TABLE>
* Date Variable Account commenced operations
** Total Return
<PAGE>
PACIFIC INNOVATIONS SELECT VARIABLE ANNUITY SEPARATE ACCOUNT PERFORMANCE
THE RESULTS SHOWN IN THIS SECTION ARE NOT AN ESTIMATE OR GUARANTEE OF FUTURE
INVESTMENT PERFORMANCE.
ANNUALIZED RATES OF RETURN FOR PERIODS ENDING DECEMBER 31, 1999
ALL NUMBERS ARE EXPRESSED AS A PERCENTAGE.
<TABLE>
<CAPTION>
YEAR 3 YEAR 5 YEAR 10 YEAR SINCE INCEPTION
----- ------ ------ ------- ---------------
VARIABLE ACCOUNTS AV FWV AV FWV AV FWV AV FWV AV FWV
----------------- -- --- -- --- -- --- -- --- -- ---
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Aggresive Equity 25.27 18.97 12.51 11.55 11.75 11.75
Emerging Markets 51.05 44.75 1.66 0.49 0.11 0.11
Small Cap Equity 44.47 38.17 23.21 22.42 22.96 22.96 14.64 14.64 15.95 15.95
Equity 36.28 29.98 26.62 25.87 25.35 25.35 12.70 12.70 8.45 8.45
Multi-Strategy 5.29 (1.01) 12.93 11.98 14.46 14.46 9.64 9.64 10.19 10.19
Equity Income 11.41 5.11 19.85 19.01 21.23 21.23 12.68 12.68 13.29 13.29
Growth LT 94.85 88.55 49.05 48.51 38.87 0.00 33.90 33.90
Mid Cap Value 3.50 ** (2.17)**
Equity Index 18.62 12.32 25.15 24.38 26.01 26.01 18.05 18.05
Small Cap Index 17.42 ** 11.75 **
REIT (1.64)** (7.31)**
International Value 20.81 14.51 10.49 9.50 11.95 11.95 6.50 6.50 8.23 8.23
Government Securities (3.56) (9.86) 3.73 2.60 5.72 5.72 5.65 5.65 6.15 6.15
Managed Bond (3.52) (9.82) 3.87 2.74 6.11 6.11 6.21 6.21 6.68 6.68
Money Market 3.22 (3.08) 3.45 2.32 3.50 3.50 3.21 3.21 3.59 3.59
High Yield Bond 1.22 (5.08) 3.17 2.03 7.05 7.05 8.58 8.58 7.88 7.88
Large Cap Value 9.65 ** 3.98 **
</TABLE>
** Total Return
The results shown in the above section are hypothetical returns as if the
Sub-Account had been in existence and invested in the corresponding Portfolio
