Guaranteed Universal Life

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Guaranteed Universal Life

A Flexible Premium Universal Life Insurance Policy

Life Insurance Policy Proposal

Prepared for:

Adding Certainty - 500k

Presented by:

Jim Armstrong CLU ChFC

Mutual of Omaha

Mutual of Omaha Plaza

Omaha, NE 68175

402-351-2313

United of Omaha Life Insurance Company, Mutual of Omaha Plaza, Omaha, Nebraska 68175 is licensed in all states, except New York 12/04/2013

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Life Insurance Proposal For Guaranteed Universal Life

A Flexible Premium Universal Life Insurance Policy

Insured: Adding Certainty - 500k

Age : 55 / Male / Standard Plus Non-Tobacco

Initial Death Benefit: $ 500,000

Premium Outlay: $ 675.60

POLICY VALUES AND BENEFITS Guaranteed

Universal Life

Guaranteed Universal Life is an individual universal life insurance policy that features flexible premiums to age 120 and an adjustable death benefit. This policy provides a No-Lapse Protection, which means the policy’s death benefit will remain in force, for as long as certain requirements described in the policy are met, but no longer than the policy’s maturity date.

Accumulation

Value The policy’s accumulation value is the accumulation at Interest of the premiums paid and any additional payments made, less all applicable policy charges, less any partial withdrawals, less surrender charges applicable to reductions in the Specified Amount, and less the cost of insurance rates for both the base plan and any rider added to the policy.

Surrender

Value The policy's surrender value is the accumulation value less any applicable surrender charges and less any loan not repaid.

Guaranteed Elements, Variables and Benefits

Guaranteed policy values and benefits are shown on the following pages. All values and benefits assume that the Premium payments are received on the first day of each payment period when due, and that the assumptions on which this proposal is based do not change.

The guaranteed values and benefits shown assume the guaranteed interest rate of 2.00%, which is the lowest interest rate that can be credited to the policy, the guaranteed maximum cost of insurance rates, the actions specified in this proposal and any No-Lapse Protection. Partial withdrawals, loans, specified amount changes, changing the premium payment mode, and changes in rider coverages will have an impact on these guaranteed values and any No-Lapse Protection in effect.

This proposal is not Valid Unless All Pages Are Included

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Life Insurance Proposal For Guaranteed Universal Life

A Flexible Premium Universal Life Insurance Policy

Initial Death Benefit: $ 500,000

Premium Outlay: $ 675.60

POLICY MATURITY

Maturity

Date This policy matures on the policy anniversary date following the date the insured attains the age of 120. Upon policy maturity, if the insured is still living and the policy is still in-force, we will pay the policy’s death benefit, if any.

PREMIUMS

Premium

Outlay The Premium Outlay is the amount of premium assumed to be paid out of pocket for the mode selected, including any Section 1035 rollover amounts and any additional Premium payments made. The Premium Outlay payments shown in this proposal are calculated on an annualized basis and assume that payment is made when due at the beginning of each modal period. The Premium Outlay for policy year 1 reflects either (a) the annualized requested premium, (b) the minimum premium required to issue the policy, (c) the annualized requested premium, increased by an amount necessary to meet the minimum premium required to issue the policy after applying any first year additional Premium payments and any Section 1035 rollover amounts, or (d) the maximum allowable premium that will not violate the guideline maximum single premium, whichever is applicable.

POLICY NO-LAPSE PROTECTION

Policy No-Lapse Protection

This policy provides a Lapse Protection as described below. All Premiums associated with a No-Lapse Protection are based on the insured’s issue age, sex, risk class and rate class, the current Specified Amount and the length of time the policy has been in-force. A No-Lapse Protection is not a guarantee that the policy can never Lapse. Please see the No-Lapse Protection section of the policy for more information.

Based on premiums paid as illustrated in the Premium Outlay column of this proposal, the policy’s death benefit is guaranteed through policy year 65 providing premiums are paid when due and are paid according to the premium mode selected. Failure to meet any conditions required to maintain this guarantee could reduce the number of years the No-Lapse Protection remains in force or cause it to be lost.

If the premium requirement necessary to maintain the No-Lapse Protection is not met, an additional premium will be required.

Lifetime No-Lapse Protection

The annualized premium required to guarantee a $500,000 death benefit to policy year 65, the policy year in which the insured attains the age of 120, is $8,107.20. This assumes that premiums are paid continuously for 65 policy years when due and that the premium payment mode is Monthly.

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Life Insurance Proposal For Guaranteed Universal Life

A Flexible Premium Universal Life Insurance Policy

Initial Death Benefit: $ 500,000

Premium Outlay: $ 675.60

ADDITIONAL POLICY FEATURES

Disbursements Policy loans are available up to the surrender value. The maximum loan amount available is the

surrender value, less any loan interest owed to the end of the policy year, and less the monthly deduction amount sufficient to continue this policy in force for one month. Loan interest will be charged at the rate of 4.76% in advance, which is an effective annual interest rate of 5.00%. The portion of the Accumulation Value which has been borrowed will be credited with an Interest Rate of 2.00%. Unpaid policy loans reduce the death benefit payable upon death of the insured, or the surrender value upon surrender of the policy.

Partial withdrawals from the surrender value are available after the first policy anniversary subject to the terms of the policy

The amount of each partial withdrawal must be at least $500. The amount of each policy loan must be at least $100.

Specified Amount Changes

Changes in Specified Amount are allowed once each policy year starting after the first policy year. The insured must apply for an increase in the Specified Amount with a new application and provide evidence of insurability that United of Omaha will accept. A decrease in the Specified Amount will result in a surrender charge if done during the first 19 years of the policy. Increases in the Specified Amount are not allowed after the policy anniversary following the insured’s 90th_{birthday. Any change}

in Specified Amount will affect the Lapse Protection values, which determines whether the No-Lapse Protection is in effect. This means that the No-No-Lapse Protection could be lost unless you pay additional premiums.

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Life Insurance Proposal For Guaranteed Universal Life

A Flexible Premium Universal Life Insurance Policy

Initial Death Benefit: $ 500,000

Premium Outlay: $ 675.60

RIDERS

Riders provide extra benefits not included in the basic policy. Riders may affect your policy's accumulation values. Waiver of Surrender Charges for Partial Withdrawals Rider

Unless otherwise set forth in the rider, this Rider allows for the waiver of all applicable Surrender Charges when a partial withdrawal is made after one or more of the following events occur and the requirements set forth in the rider are met: (a) you become confined at the recommendation of a physician; for medically necessary reasons to, a hospital or a nursing home as defined in the Rider for at least 30 consecutive days, (b) you become eligible for Social Security Disability Benefits prior to age 65, (c) you are diagnosed with a terminal illness that will, with a reasonable degree of certainty, result in your death within 12 months or less, (d) you become unemployed and have received

unemployment benefits for at least 60 consecutive days, (e) you become an organ transplant donor or recipient for the body organs defined in the Rider, (f) your residence suffers physical damage in the amount of $50,000 or more, or (g) you experience the death of your spouse or minor dependent. Those events which qualify for a waiver of surrender charge may differ from state to state. See the rider language for the exact events and requirements to be satisfied in order to qualify for the waiver of surrender charges in your state.

Accelerated Death Benefit for Terminal and Chronic Illness

This Rider allows the owner to accelerate a portion of the policy's death benefit provided the Insured is either: (a) diagnosed as having a terminal illness that, with a reasonable degree of certainty, will result in the Insured's death within 12 months or less from the date a physician signs the statement of proof of terminal illness, or (b) is diagnosed as being "chronically ill"**.

The cumulative maximum accelerated death benefit amount available is the lesser of: (a) $250,000 of the policy's current death benefit, or (b) the initial Specified Amount stated in the policy data pages minus the minimum Specified Amount as stated in the Change in Specified Amount provision of your policy.

A one-time election is allowed if the Insured is diagnosed as being terminally ill. If the Insured is diagnosed with a chronic illness, the owner may request multiple accelerations provided the total amount accelerated does not exceed the maximum amount available.

There is no premium or cost of insurance charge for this rider. However, there will be a $100 charge for each acceleration made.

** The definition of "chronically ill" may vary by state. See the rider language for the requirements in your state that must be met for the insured to be diagnosed as "chronically ill". See policy for

additional Rider restrictions.

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Life Insurance Proposal For Guaranteed Universal Life

A Flexible Premium Universal Life Insurance Policy

Initial Death Benefit: $ 500,000

Premium Outlay: $ 675.60

DEFINITION OF TERMS

Initial Death

Benefit This is the total amount of insurance selected.

Interest The term "Interest", as used in the policy, and this proposal as it relates to the policy, means the dollar amount of interest credited to the accumulation value or the Proceeds held by United of Omaha as a result of the application of an Interest Rate for a specified period of time.

Interest Rate The term "Interest Rate", as used in the policy, and this proposal, means an annualized rate of Interest. (Note: To calculate Interest, we will multiply the accumulation value or Proceeds by a daily periodic rate which, when compounded daily, will result in the accumulation value or Proceeds earning the Interest Rate set in accordance with the applicable provisions of the policy.)

Guaranteed

Interest Rate This is the Interest Rate the company guarantees to credit to the accumulation value, which is 2.00%. At Age The age of the insured at the end of the policy year.

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Life Insurance Proposal For Guaranteed Universal Life

A Flexible Premium Universal Life Insurance Policy

Initial Death Benefit: $ 500,000

Premium Outlay: $ 675.60

DEFINITION OF TERMS - continued

Annualized Premium Outlay

This is the amount of premium assumed to be paid out of pocket for the mode selected and shown on an annualized basis. This amount includes any section 1035 rollover amounts and any additional Premium payments made.

Accumulation

Value The policy’s accumulation value is the accumulation at Interest of the premiums paid and anyadditional payments made, less all applicable policy administrative charges, less any partial withdrawals, less surrender charges applicable to reductions in the Specified Amount, and less the cost of insurance charges for both the base plan and any rider added to the policy.

Surrender

Value The surrender value is the accumulation value less any applicable surrender charges and less anyoutstanding loans and loan interest due.

Monthly No-Lapse Protection Value Test

The test performed on the policy’s Monthly Deduction Date to determine if the No-Lapse Protection remains in effect.

Lapse This is termination of the policy due to insufficient surrender value to pay the monthly deduction.

Cost of Insurance Rates

This is the monthly charge for each $1,000 of insurance.

Surrender

Charge This is a charge for each $1000 of insurance which is deducted from the accumulation value if the policy is surrendered during the applicable policy years. A surrender charge will also be deducted if the Specified Amount of insurance is decreased or a partial withdrawal is taken. Surrender charges last for 19 policy years and are shown in the policy.

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Life Insurance Proposal For Guaranteed Universal Life

A Flexible Premium Universal Life Insurance Policy

Initial Death Benefit: $ 500,000

Premium Outlay: $ 675.60

Death Benefit Option: 1 (Level) Premium Mode: Monthly

Guaranteed Values -Guaranteed Interest Rate: 2.00%

End of Policy

Year AgeAt

Annualized Premium

Outlay Accumulation ValueEnd of Year End of Year Surrender Value End of Year DeathBenefit

1 56 8107 3270 0 500000 2 57 8107 6294 0 500000 3 58 8107 9080 0 500000 4 59 8107 11625 0 500000 5 60 8107 13872 0 500000 6 61 8107 15736 0 500000 7 62 8107 17112 0 500000 8 63 8107 17899 0 500000 9 64 8107 18023 1523 500000 10 65 8107 17433 2433 500000 11 66 8107 16071 2571 500000 12 67 8107 13896 1896 500000 13 68 8107 10836 336 500000 14 69 8107 6799 0 500000 15 70 8107 1626 0 500000 16 71 8107 0 0 500000 17 72 8107 0 0 500000 18 73 8107 0 0 500000 19 74 8107 0 0 500000 20 75 8107 0 0 500000

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End of Policy

Year AgeAt

Annualized Premium

Outlay End of Year Accumulation Value End of Year Surrender Value End of Year DeathBenefit

21 76 8107 0 0 500000 22 77 8107 0 0 500000 23 78 8107 0 0 500000 24 79 8107 0 0 500000 25 80 8107 0 0 500000 26 81 8107 0 0 500000 27 82 8107 0 0 500000 28 83 8107 0 0 500000 29 84 8107 0 0 500000 30 85 8107 0 0 500000 31 86 8107 0 0 500000 32 87 8107 0 0 500000 33 88 8107 0 0 500000 34 89 8107 0 0 500000 35 90 8107 0 0 500000 36 91 8107 0 0 500000 37 92 8107 0 0 500000 38 93 8107 0 0 500000 39 94 8107 0 0 500000 40 95 8107 0 0 500000 41 96 8107 0 0 500000 42 97 8107 0 0 500000 43 98 8107 0 0 500000 44 99 8107 0 0 500000 45 100 8107 0 0 500000 46 101 8107 0 0 500000 47 102 8107 0 0 500000 48 103 8107 0 0 500000 49 104 8107 0 0 500000 50 105 8107 0 0 500000 51 106 8107 0 0 500000 52 107 8107 0 0 500000 53 108 8107 0 0 500000 54 109 8107 0 0 500000 55 110 8107 0 0 500000

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End of Policy

Year AgeAt

Annualized Premium

56 111 8107 0 0 500000 57 112 8107 0 0 500000 58 113 8107 0 0 500000 59 114 8107 0 0 500000 60 115 8107 0 0 500000 61 116 8107 0 0 500000 62 117 8107 0 0 500000 63 118 8107 0 0 500000 64 119 8107 0 0 500000 65 120 8107 0 0 500000

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Life Insurance Proposal For Guaranteed Universal Life

A Flexible Premium Universal Life Insurance Policy

Initial Death Benefit: $ 500,000

Premium Outlay: $ 675.60

Guaranteed Level Annualized Premium Lifetime Premium: $8,107.20 Annualized

Premium Minimum Premium:Guideline Maximum Level: $14,322.22$4,605.00 TAMRA 7-PAY:Guideline Max Single: $32,680.00$151,896.22 cp8190

THIS PRODUCT IS NOT INSURED BY THE FDIC OR ANY OTHER GOVERNMENT AGENCY, IS NOT A DEPOSIT OR OTHER OBLIGATION OF ANY BANK, AND IS NOT GUARANTEED BY ANY BANK.

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Life Insurance Proposal IRR on Death Benefit

Name: Adding Certainty - 500k

Male Age : 55-Standard Plus Non-Tobacco Date: 12/4/2013 Initial Death Benefit $500,000 Initial Payment $8,107 Guaranteed Interest Rate 2.00% Tax Bracket 35% Year Age Annual Premium Cumul. Net Outlay Net Death Benefit IRR On Net Death Benefit 1 2 3 4 5 T@ 6 7 8 9 10 T@ 11 12 13 14 15 T@ 16 17 18 19 20 T@ 21 22 23 24 25 T@ 56 57 58 59 60 60 61 62 63 64 65 65 66 67 68 69 70 70 71 72 73 74 75 75 76 77 78 79 80 80 8,107 8,107 8,107 8,107 8,107 40,536 8,107 8,107 8,107 8,107 8,107 81,072 8,107 8,107 8,107 8,107 8,107 121,608 8,107 8,107 8,107 8,107 8,107 162,144 8,107 8,107 8,107 8,107 8,107 202,680 8,107 16,214 24,322 32,429 40,536 40,536 48,643 56,750 64,858 72,965 81,072 81,072 89,179 97,286 105,394 113,501 121,608 121,608 129,715 137,822 145,930 154,037 162,144 162,144 170,251 178,358 186,466 194,573 202,680 202,680 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 6,067.36 636.92 256.70 147.96 99.75 99.75 73.30 56.85 45.74 37.80 31.87 31.87 27.30 23.68 20.75 18.33 16.32 16.32 14.61 13.15 11.89 10.79 9.83 9.83 8.97 8.22 7.54 6.94 6.39 6.39

This is a supplemental proposal. All values and benefits shown assume that the Premium payments are received on the first day of each payment period when due, and that the assumptions on which the proposal is based do not change.

Presented by: Jim Armstrong CLU ChFC Case Name: Sales & Marketing Concepts 9.11.13 - #21

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Life Insurance Proposal IRR on Death Benefit

Male Age : 55-Standard Plus Non-Tobacco Date: 12/4/2013 Initial Death Benefit $500,000 Initial Payment $8,107 Guaranteed Interest Rate 2.00% Tax Bracket 35% Year Age Annual Premium Cumul. Net Outlay Net Death Benefit IRR On Net Death Benefit 26 27 28 29 30 T@ 31 32 33 34 35 T@ 36 37 38 39 40 T@ 41 42 43 44 45 T@ 46 47 48 49 50 T@ 81 82 83 84 85 85 86 87 88 89 90 90 91 92 93 94 95 95 96 97 98 99 100 100 101 102 103 104 105 105 8,107 8,107 8,107 8,107 8,107 243,216 8,107 8,107 8,107 8,107 8,107 283,752 8,107 8,107 8,107 8,107 8,107 324,288 8,107 8,107 8,107 8,107 8,107 364,824 8,107 8,107 8,107 8,107 8,107 405,360 210,787 218,894 227,002 235,109 243,216 243,216 251,323 259,430 267,538 275,645 283,752 283,752 291,859 299,966 308,074 316,181 324,288 324,288 332,395 340,502 348,610 356,717 364,824 364,824 372,931 381,038 389,146 397,253 405,360 405,360 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 5.89 5.44 5.03 4.66 4.31 4.31 4.00 3.71 3.44 3.18 2.95 2.95 2.74 2.53 2.35 2.17 2.00 2.00 1.85 1.70 1.57 1.44 1.32 1.32 1.20 1.09 .99 .89 .80 .80

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Life Insurance Proposal IRR on Death Benefit

Male Age : 55-Standard Plus Non-Tobacco Date: 12/4/2013 Initial Death Benefit $500,000 Initial Payment $8,107 Guaranteed Interest Rate 2.00% Tax Bracket 35% Year Age Annual Premium Cumul. Net Outlay Net Death Benefit IRR On Net Death Benefit 51 52 53 54 55 T@ 56 57 58 59 60 T@ 61 62 63 64 65 T@ 106 107 108 109 110 110 111 112 113 114 115 115 116 117 118 119 120 120 8,107 8,107 8,107 8,107 8,107 445,896 8,107 8,107 8,107 8,107 8,107 486,432 8,107 8,107 8,107 8,107 8,107 526,968 413,467 421,574 429,682 437,789 445,896 445,896 454,003 462,110 470,218 478,325 486,432 486,432 494,539 502,646 510,754 518,861 526,968 526,968 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 .71 .63 .55 .47 .40 .40 .33 .27 .21 .15 .09 .09 .04 -.02 -.07 -.11 -.16 -.16

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Client Input Summary

Company: Product: Case:

Mutual of Omaha - United of Omaha-A GUL v1.00

Sales & Marketing Concepts 9.11.13

December 4, 2013 6.103.0, 6.99.60 Client #22 Insured

UL Plan Guaranteed Universal Life

Client Name Adding Certainty - 500k

Sex Male

Age Last Birthday 55

Risk Class Standard Plus Non-Tobacco

Table Rating None

Flat Extra Substandard Amount

Association Member No

State Code NE

Solve For

Solve For Premium Solve

Premium Solve Option No Lapse Protection

No Lapse Year/@Age Max

Illustrate Catch-up

Extend No Lapse Protection Year/@Age Year/@Age to Increase Premiums

Face Amount 01 to 65 - 500000

Years to Pay Premium Max

Policy Options

Death Benefit Option Level

Premium Mode BSP

Prevent MEC No

Pour-In Amount Regular 01 to 65 - 0

1035 Rollover Amount 0

Premium Basis Yes

Years to Print Max

Riders

Riders No

Re- proposal

Reproposal No

Agent Info

Producer Name Jim Armstrong CLU ChFC

Producer Office Mutual of Omaha

Producer Address Mutual of Omaha Plaza

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Client Input Summary

December 4, 2013 6.103.0, 6.99.60 Client #22 Agent Info - Cont'd

Producer City Omaha

Producer State Nebraska

Producer Zip Code 68175

Producer Phone 402-351-2313

Guar IRR on Death Benefit

Tax Bracket 01 to 120 - 35

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Guaranteed Universal Life

A Flexible Premium Universal Life Insurance Policy

Life Insurance Policy Proposal

Prepared for:

Adding Certainty - 1MM

Presented by:

Jim Armstrong CLU ChFC

Mutual of Omaha

Mutual of Omaha Plaza

Omaha, NE 68175

402-351-2313

United of Omaha Life Insurance Company, Mutual of Omaha Plaza, Omaha, Nebraska 68175 is licensed in all states, except New York 12/04/2013

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Life Insurance Proposal For Guaranteed Universal Life

A Flexible Premium Universal Life Insurance Policy

Insured: Adding Certainty - 1MM

Initial Death Benefit: $ 1,000,000

Premium Outlay: $ 1,310.18

POLICY VALUES AND BENEFITS Guaranteed

Universal Life

Guaranteed Universal Life is an individual universal life insurance policy that features flexible premiums to age 120 and an adjustable death benefit. This policy provides a No-Lapse Protection, which means the policy’s death benefit will remain in force, for as long as certain requirements described in the policy are met, but no longer than the policy’s maturity date.

Accumulation

Value The policy’s accumulation value is the accumulation at Interest of the premiums paid and any additional payments made, less all applicable policy charges, less any partial withdrawals, less surrender charges applicable to reductions in the Specified Amount, and less the cost of insurance rates for both the base plan and any rider added to the policy.

Surrender

Value The policy's surrender value is the accumulation value less any applicable surrender charges and less any loan not repaid.

Guaranteed Elements, Variables and Benefits

Guaranteed policy values and benefits are shown on the following pages. All values and benefits assume that the Premium payments are received on the first day of each payment period when due, and that the assumptions on which this proposal is based do not change.

The guaranteed values and benefits shown assume the guaranteed interest rate of 2.00%, which is the lowest interest rate that can be credited to the policy, the guaranteed maximum cost of insurance rates, the actions specified in this proposal and any No-Lapse Protection. Partial withdrawals, loans, specified amount changes, changing the premium payment mode, and changes in rider coverages will have an impact on these guaranteed values and any No-Lapse Protection in effect.

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Life Insurance Proposal For Guaranteed Universal Life

A Flexible Premium Universal Life Insurance Policy

Initial Death Benefit: $ 1,000,000

Premium Outlay: $ 1,310.18

POLICY MATURITY

Maturity

Date This policy matures on the policy anniversary date following the date the insured attains the age of 120. Upon policy maturity, if the insured is still living and the policy is still in-force, we will pay the policy’s death benefit, if any.

PREMIUMS

Premium

Outlay The Premium Outlay is the amount of premium assumed to be paid out of pocket for the mode selected, including any Section 1035 rollover amounts and any additional Premium payments made. The Premium Outlay payments shown in this proposal are calculated on an annualized basis and assume that payment is made when due at the beginning of each modal period. The Premium Outlay for policy year 1 reflects either (a) the annualized requested premium, (b) the minimum premium required to issue the policy, (c) the annualized requested premium, increased by an amount necessary to meet the minimum premium required to issue the policy after applying any first year additional Premium payments and any Section 1035 rollover amounts, or (d) the maximum allowable premium that will not violate the guideline maximum single premium, whichever is applicable.

POLICY NO-LAPSE PROTECTION

Policy No-Lapse Protection

This policy provides a Lapse Protection as described below. All Premiums associated with a No-Lapse Protection are based on the insured’s issue age, sex, risk class and rate class, the current Specified Amount and the length of time the policy has been in-force. A No-Lapse Protection is not a guarantee that the policy can never Lapse. Please see the No-Lapse Protection section of the policy for more information.

Based on premiums paid as illustrated in the Premium Outlay column of this proposal, the policy’s death benefit is guaranteed through policy year 65 providing premiums are paid when due and are paid according to the premium mode selected. Failure to meet any conditions required to maintain this guarantee could reduce the number of years the No-Lapse Protection remains in force or cause it to be lost.

If the premium requirement necessary to maintain the No-Lapse Protection is not met, an additional premium will be required.

Lifetime No-Lapse Protection

The annualized premium required to guarantee a $1,000,000 death benefit to policy year 65, the policy year in which the insured attains the age of 120, is $15,722.16. This assumes that premiums are paid continuously for 65 policy years when due and that the premium payment mode is Monthly.

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Life Insurance Proposal For Guaranteed Universal Life

A Flexible Premium Universal Life Insurance Policy

Initial Death Benefit: $ 1,000,000

Premium Outlay: $ 1,310.18

ADDITIONAL POLICY FEATURES

Disbursements Policy loans are available up to the surrender value. The maximum loan amount available is the

surrender value, less any loan interest owed to the end of the policy year, and less the monthly deduction amount sufficient to continue this policy in force for one month. Loan interest will be charged at the rate of 4.76% in advance, which is an effective annual interest rate of 5.00%. The portion of the Accumulation Value which has been borrowed will be credited with an Interest Rate of 2.00%. Unpaid policy loans reduce the death benefit payable upon death of the insured, or the surrender value upon surrender of the policy.

Partial withdrawals from the surrender value are available after the first policy anniversary subject to the terms of the policy

The amount of each partial withdrawal must be at least $500. The amount of each policy loan must be at least $100.

Specified Amount Changes

Changes in Specified Amount are allowed once each policy year starting after the first policy year. The insured must apply for an increase in the Specified Amount with a new application and provide evidence of insurability that United of Omaha will accept. A decrease in the Specified Amount will result in a surrender charge if done during the first 19 years of the policy. Increases in the Specified Amount are not allowed after the policy anniversary following the insured’s 90th_{birthday. Any change}

in Specified Amount will affect the Lapse Protection values, which determines whether the No-Lapse Protection is in effect. This means that the No-No-Lapse Protection could be lost unless you pay additional premiums.

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