Premiums
Planned periodic premiums Policyowners can pay level premium payments on a monthly basis at the time of application. Policyowners can change frequency of premium payment after the policy has been issued. Premium payments are flexible. Policyowners can make unscheduled premium payments at any time until age 121. Written notice is required to change the amount or frequency of planned periodic premiums. Minimum no-lapse premiums This is the amount required to keep the policy in force during the minimum no-lapse period (20 years). Money sufficient to meet the minimum no-lapse premium requirement must accompany the application. More information on the no-lapse guarantee period can be found in a later section of this guide.
Account value of the policy
Premium allocation Premiums may be allocated among the index options and the fixed account. All net premiums will be allocated according to this allocation. This allocation choice may be changed with notice from the policyowner. Any participation account value at the end of an index period will be allocated according to the renewal allocation specified by the policyowner. Dollar cost averaging Clients may elect to automatically transfer money from the fixed account to the index options with written notice specifying the amount of the monthly transfer and the percentages of that amount to be allocated to each index option. The minimum transfer is shown on the policy schedule. Once elected, transfers from the fixed account will be processed monthly until we receive written notice instructing us to cancel the transfers or until the value of the fixed account is completely depleted. Fixed account This account earns a fixed interest rate declared by the company, which is guaranteed never to be lower than 1.0%. Index options Ethos IUL features five point-to-point index options, which use three indexes: Standard & Poor’s 500® Composite Stock Price Index, Standard & Poor’s 500® Sector Rotator Daily RC2 5% Index, and BNP Paribas Momentum Multi-Asset 5 Index. For each index option, we use published values that are based on price changes of the underlying securities which exclude dividends and returns generated by reinvestment of dividends.
Index
Index period
Cap?
Participation rate
1 Year 2 Year 1 Year 1 Year 2 Year
Yes, adjustable Yes, adjustable
100% 100%
S&P 500® Index
S&P 500® Sector Rotator Daily RC2 5% Inde x 1
No No No
Yes, adjustable Yes, adjustable Yes, adjustable
BNP Paribas Momentum Multi-Asset 5 Index 2
1 The S&P 500 Sector Rotator Daily RC2 5% Index has limited historical information having launched on 10/19/2018. For more information about the S&P 500 Sector Rotator Daily RC2 5% Index, visit https://www.spglobal.com/spdji/en/indices/strategy/sp-500-sector-rotator- daily-rc2-5-index/#overview. 2 The BNP Paribas Momentum Multi-Asset 5 Index (BNPP Momentum 5 Index) has limited historical information. The BNPP Momentum 5 Index is an index strategy, launched on 1/27/ 2017. For more information about the BNPP Momentum 5 Index, visit https:// momentum5index.bnpparibas.com.
For financial professional use only. Not for use with clients.
IUL-AG-0723
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