Exhibit 1.(5)
-------------

MONY Life Insurance Company

Signed for MONY Life Insurance
Company, a stock company, on the Date of Issue.

Home Office
1740 Broadway New York, NY 10019

Operations Center
One MONY Plaza, PO Box 4830, Syracuse, NY 13221
1 (800) 487-6669

MICHAEL I. ROTH, Chairman

SAMUEL J. FOTI. President

LEE M. SMITH, Secretary

Right to Return Policy - This Policy may be returned to us within ten days from
the date you receive it by delivering or mailing it to our Home Office, a local
office of ours, or to any Agent of ours. We will then refund any premium paid.
The Policy will be considered never to have been issued. If you return by mail
the cancellation will be effective on the date it is postmarked (if properly
addressed with postage prepaid).

MONY Life Insurance Company will pay the benefits provided in this Policy,
subject to all the policy provisions.

Insured: John Doe
Issue Age: 35
Class:
Standard Class Non Smoker
Policy Number: B000000002
Policy Date: 04/01/1998
Initial Specified Amount: $100,000
Date of Issue: 04/01/1998

C2-98 FLEXIBLE PREMIUM VARIABLE LIFE
(1/2002)

Brief Description

This is a FLEXIBLE PREMIUM VARIABLE LIFE TO MATURITY AGE POLICY. Specified
Amount may be increased or decreased. Net premiums may be allocated to one or
more Sub-accounts of the Variable Account or to the Guaranteed Interest Account.
If the values have been sufficient to continue the Policy in force: Death
Proceeds are payable in event of death of the Insured before the Maturity Age;
Cash Value, if any, is payable if Insured is living at the Maturity Age. Death
Benefit and Policy values reflect investment results. Flexible premiums until
Maturity Age. Nonparticipating (no dividends payable).

Important Notice(s)

This Policy is a legal contract between the Policy Owner and the Company. READ
YOUR POLICY CAREFULLY.

THE AMOUNT OR THE DURATION OF THE DEATH BENEFIT (OR BOTH) MAY INCREASE OR
DECREASE DEPENDING ON INVESTMENT RESULTS. BUT THE DEATH BENEFIT WILL NEVER BE
LESS THAN THE SPECIFIED AMOUNT IN FORCE LESS ANY DEBT. SEE DEATH PROCEEDS -
DEATH BENEFIT OPTIONS SECTION TO DETERMINE DEATH PROCEEDS.

THE FUND VALUE IN THE VARIABLE ACCOUNT INCREASES OR DECREASES DEPENDING ON
INVESTMENT RESULTS. THERE IS NO GUARANTEED MINIMUM FUND VALUE OR CASH VALUE. SEE
FUND VALUE, CASH VALUE, SURRENDER AND SUB-ACCOUNT UNIT VALUE SECTIONS.

FOR INFORMATION OR TO MAKE A COMPLAINT
CALL 1-800-487-MONY (1-800-487-6669)
OR WRITE TO US AT OUR OPERATIONS CENTER:
ONE MONY PLAZA, PO BOX 4830, SYRACUSE, NY 13221

Table of Contents

Section Page

1. BENEFITS AND PREMIUMS, CHARGES AND EXPENSES 3
Policy Description; Death Benefit; Riders; Premiums; Specifications And Charges.

2. GUARANTEED MONTHLY INSURANCE RATES 3A
Table Of Insured's Attained Age And Corresponding Rate.

3. VARIABLE ACCOUNT, THE FUNDS AND SUB-ACCOUNTS 4
Listing Of Sub-Accounts And Funds.

4. ABOUT THIS POLICY 5
An Overview Of Basic Policy Provisions

5. WE WILL PAY 6
Payment Of Death Proceeds; How Death Proceeds Are Determined.

6. PREMIUMS 6
Payment Of Premiums, Guideline Premium Limit; Net Premium; Premiums Before Or At
Delivery; Allocation Of Net Premiums; Scheduled Premiums; Unscheduled Premiums

7. DEATH PROCEEDS-DEATH BENEFIT OPTIONS 8
Death Benefit Options; Change In Death Benefit Options.

8. FUND VALUE 9
How Fund Value Is Determined.

9. CASH VALUE 9
Cash Value Of The Policy.

10. TRANSFERS 9
Types Of Transfers; Allocation Rules.

11. SURRENDER 10
Surrender For Cash Value.

12. PARTIAL SURRENDER 10
Partial Surrenders: Surrender Fees; Allocation Rules; Effect On Death Benefit.

13. SURRENDER CHARGE 11
Surrender Charge; Surrender Charge After Increase In Specified Amount.

14. LOANS 12
Loan Value; Loan Interest; Allocation Rules.

15. LOAN ACCOUNT 13
Loan Account; Annual Loan Interest Rate; Interest Allocation.

16. OPTIONAL POLICY CHANGES 13
Increasing And Decreasing The Specified Amount; Changing The Death Benefit Option.

17. RIGHTS OF OWNER 14
Owner Of The Policy; Owners Rights.

18. BENEFICIARY 14
Beneficiary Of The Policy; Changing The Beneficiary.

19. THE VARIABLE ACCOUNT 15
Variable Account; Sub-Accounts; Changes To The Variable Account.

20. SUB-ACCOUNT UNIT VALUE 16
Unit Value Determination.

21. THE GUARANTEED INTEREST ACCOUNT 16
Guaranteed Interest Account; Interest Rate Applied To The Guaranteed Interest Account.

22. MONTHLY DEDUCTION 16
Monthly Deduction; Determination; Monthly Deduction Allocation.

23. GRACE PERIOD 17
The Minimum Monthly Premium; Notice Of Insufficient Premium/Value; Length Of Grace Period.

24. REINSTATEMENT 18
Period And Requirements For Reinstatement.

25. COST OF INSURANCE 18
Cost Of Insurance Determination; Amount At Risk.

26. INSURANCE RATE 19
Insurance Rate Determination; Review Of Insurance Rate.

27. CONTINUATION OF INSURANCE 20
Continuation Of Policy If Premium Payments Are Not Continued.

28. BASIS OF CALCULATION 20
Method Of Calculations On File With State Supervisory Official.

29. DATES AND POLICY PERIODS 20
How Dates Are Determined; How Periods Are Measured.

30. GENERAL PROVISIONS. 20
The Contract; Statements In Application; Incontestability; Misstatement Of Age Or
Gender; Suicide Exclusion; Assignment; Policy Payment; Relationships Postponement Of
Certain Payments Of Transfers; Reports; Projection Of Benefits And Values;
Nonparticipation.

31. SETTLEMENT OPTIONS 22
Election Of A Settlement Option; Settlement Options Available; Minimum Monthly
Income Table.

ENDORSEMENTS, IF ANY

RIDERS, IF ANY

APPLICATION

1. Schedule of Benefits and Premiums, Charges and Expenses

Benefits and Premiums

Flexible Premium Variable Life Policy

Death Benefit Option 1 In Effect

Specified Amount in Force $100,000
Guaranteed Monthly Insurance Rates for
Initial Specified Amount see Section 2

Guaranteed Death Benefit Rider

Guarantee Period To Later of 10th Policy Anniversary or Age 70
Monthly Guarantee Premium $72.75

First Premium $75.00
Scheduled Premiums $75.00
At 1 Policy Month Intervals
Measured From 04/01/1998

Guideline Premium Limit As of Policy Date $16,003.84
Minimum Monthly Premium $43.50
Minimum Guaranteed Interest Rate for
Guaranteed Interest Account 4.5%
(Interest higher than 4.5% is not guaranteed
and is subject to change by us)

Under the terms of the Policy, the scheduled premium shown above may not
continue the Policy in force to the Maturity Age even if this amount is paid as
scheduled. The period for which the Policy will continue will depend on: the
amount of premiums paid; changes in Specified Amount and death benefit options;
changes in interest credited, expenses, fund performance and mortality
deductions; deductions for riders and benefits and any partial surrenders and
policy loans. During the first 3 policy years or the three policy years
following an increase in Specified Amount (if that increase became effective
during the first 3 policy years), premiums paid less partial surrenders
(excluding their fees) and any Debt must at least equal the Minimum Monthly
Premium times the number of months the Policy has been in force. Election of the
Guaranteed Death Benefit Rider can provide for guaranteed continuation of the
Policy and some riders if certain requirements are met.

Charges and Expenses

Number of guaranteed free transfers during a
policy year 12
Charge on excess transfers: Current $0
(subject to change; see Transfers, Section l0)

Guaranteed Maximum $25
Daily Mortality and Expense Risk Charge 000959%
(0.35% annually)
Sales Charge
4% Policy Years 1-10 of each premium received 1% Policy Years 11 and
after of each premium received

Premium Tax Charge
2.25% of each premium received subject to change based upon changes in
applicable state tax laws or cost to the Company.

Federal Tax Charge
1.25% of each premium received subject to change based upon changes in
applicable federal tax laws or cost to the Company.

Administrative Charge
$5.00 per month is included in the monthly deduction
on a Monthly Anniversary
Per $ 1,000 Initial Specified Amount Charge
$8.00 per month during years 1 through 10

1A. Surrender Charge

The surrender charge as of the Policy Date for the Initial Specified Amount is
$640.00. The surrender charge for the Initial Specified Amount declines each
year and is the applicable percentage (shown in the table below) of the
following amount: $800.00.

Policy Year Applicable % Policy Year Applicable %
- ----------- ------------ ----------- ------------

1 80% 9 60
2 80 10 50
3 80 11 40
4 80 12 30
5 80 13 20
6 80 14 10
7 80 15 and later 0
8 70

See surrender charge section for the effect of any change in Specified Amount.

2. Guaranteed Monthly Insurance Rates for Initial Specified Amount

Rates are per $1,000 of Amount at Risk - see Cost of Insurance section.

Insured's Insured's
Attained Age Rate Attained Age Rate
------------ ---- ------------ ----

35 .14 67 2.30
36 .15 68 2.53
37 .16 69 2.80
38 .17 70 3.10
39 .18 71 3.44
40 .20 72 3.84
41 .21 73 4.29
42 .23 74 4.79
43 .25 75 5.33
44 .27 76 5.91
45 .29 77 6.51
46 .31 78 7.15
47 .34 79 7.85
48 .36 80 8.62
49 .39 81 9.50
50 .43 82 10.50
51 .47 83 11.63
52 .51 84 12.86
53 .57 85 14.18
54 .62 86 15.57
55 .69 87 17.00
56 .76 88 18.49
57 .83 89 20.04
58 .92 90 21.69
59 1.01 91 23.49
60 1.12 92 25.50
61 1.23 93 27.96
62 1.37 94 31.38
63 1.52 95 36.80
64 1.69 96 46.59
65 1.88 97 67.04
66 2.08 98 83.33
99 83.33

2. Continued. Monthly Rates for Guaranteed Death Benefit Rider

Rates are per $1,000 of Initial Specified Amount and Rider Amounts.

Insured's Insured's
Attained Age Rate Attained Age Rate
------------ ---- ------------ ----

41 0.0100 52 0.0100
42 0.0100 53 0.0100
43 0.0100 54 0.0100
44 0.0100 55 0.0100
45 0.0100 56 0.0100
46 0.0100 57 0.0100
47 0.0100 58 0.0100
48 0.0100 59 0.0100
49 0.0100 60 0.0100
50 0.0100 61 0.0100
51 0.0100 62 0.0100
35 0.0100 63 0.0100
36 0.0100 64 0.0100
37 0.0100 65 0.0100
38 0.0100 66 0.0100
39 0.0100 67 0.0100
40 0.0100 68 0.0100
69 0.0100

3. Variable Account, The Funds and Sub-Accounts

See Variable The Variable Account is MONY America Variable Account A and includes the Sub-accounts listed below.
Account
section for The Sub-accounts available for investment purposes, and the corresponding portfolios of the applicable funds
further are:
information
- ------------------- ---------------------------------------------------------------------------------------------------------------

Sub-Account Applicable Fund
- ----------- ---------------
Alger American Balanced The Alger American Fund
Alger American MidCap Growth The Alger American Fund
Enterprise Equity Income Enterprise Accumulation Trust
Enterprise Global Socially Responsive Enterprise Accumulation Trust
Enterprise Growth Enterprise Accumulation Trust
Enterprise Growth and Income Enterprise Accumulation Trust
Enterprise Managed Enterprise Accumulation Trust
Enterprise Multi-Cap Growth Enterprise Accumulation Trust
Enterprise Small Company Growth Enterprise Accumulation Trust
Enterprise Small Company Value Enterprise Accumulation Trust
Enterprise Total Return Enterprise Accumulation Trust
INVESCO VIF - Financial Services INVESCO Variable Investment Funds, Inc.
INVESCO VIF - Health Sciences INVESCO Variable Investment Funds, Inc.
INVESCO VIF - Telecommunications INVESCO Variable Investment Funds, Inc.
Janus Aspen Series Capital Appreciation Janus Aspen Series
Janus Aspen Series Flexible Income Janus Aspen Series
Janus Aspen Series International Growth Janus Aspen Series
Lord Abbett Bond-Debenture Lord Abbett Series Fund
Lord Abbett Growth and Income Lord Abbett Series Fund
Lord Abbett Mid-Cap Value Lord Abbett Series Fund
MFS Mid Cap Growth MFS(R)Variable Insurance TrustSM
MFS New Discovery MFS(R)Variable Insurance TrustSM
MFS Total Return MFS(R)Variable Insurance TrustSM
MFS Utilities MFS Variable Insurance Trust
MONY Government Securities MONY Series Fund, Inc.
MONY Long Term Bond MONY Series Fund, Inc.
MONY Money Market MONY Series Fund, Inc.
PBHG Mid-Cap Value PBHG Insurance Series Fund
PBHG Select Value PBHG Insurance Series Fund
PIMCO Global Bond PIMCO Variable Insurance Trust
PIMCO Real Return Bond PIMCO Variable Insurance Trust
PIMCO StocksPLUS Growth and Income PIMCO Variable Insurance Trust
Morgan Stanley Universal Institutional Funds Emerging Markets Equity The Universal Institutional Funds, Inc.
Morgan Stanley Universal Institutional Funds Global Value Equity The Universal Institutional Funds, Inc.
Morgan Stanley Universal Institutional Funds U.S. Real Estate The Universal Institutional Funds, Inc.

Janus Aspen Series, PBHG Insurance Series Fund and PIMCO Variable Insurance
Trust are organized under the laws of Delaware. INVESCO Variable Investment
Funds, Inc., Lord Abbett Series Fund, MONY Series Fund, Inc., and The Universal
Institutional Funds, Inc. are organized under the laws of Maryland. The Alger
American Fund, Enterprise Accumulation Trust, and MFS(R)Variable Insurance
TrustSM are organized under the laws of Massachusetts. The Alger American Fund,
Enterprise Accumulation Trust, Janus Aspen Series, INVESCO Variable Investment
Funds, Inc., Lord Abbett Series Fund, MFS(R)Variable Insurance TrustSM, MONY
Series Fund, Inc., PBHG Insurance Series Fund, and PIMCO Variable Insurance
Trust are registered with the Securities and Exchange

Commission under the 1940 Investment Company Act as open-end, diversified
investment management companies. The Universal Institutional Funds, Inc. is
registered with the Securities and Exchange Commission under the 1940 Investment
Company Act as an open-end management investment company.

- ------
PAGE 4

4. About This Policy

The following is an overview of some basic policy provisions to aid your
understanding. The specific provisions of the Policy are found in the pages
following this overview. In the event of a discrepancy between this overview and
any specific provisions of this Policy, the specific Policy provisions will
control.

This is a Flexible Premium Variable Life to Maturity Age (Age 100) Insurance
policy. This Policy goes into effect on the Policy Date. This Policy is a
"promise to pay" the Death Proceeds in the event the Insured dies before the
Maturity Age, while the Policy is in force. Payment will be made, subject to all
the provisions of this Policy, when we receive due proof of death. The Insured
is the person on whose life the Policy is based. "Specified Amount in Force" is
the Initial Specified Amount, adjusted for any increases or decreases in
Specified Amount. The Death Proceeds are paid to the Beneficiary. If the Insured
is living at the Maturity Age, while the Policy is in force, we will pay the
Cash Value, if any, to the Owner. Maturity Age means the policy anniversary
following the Insured's 100th birthday.

The value of this Policy is based on Premiums which you allocate to either the
Variable Account and/or the Guaranteed Interest Account. The Fund Value is the
combined value of the Variable Account, the Guaranteed Interest Account and the
Loan Account BEFORE the deduction of any surrender charge. The Cash Value, if
any, is value AFTER the surrender charge and any Debt is deducted. The
"Guaranteed Interest Account" is a "fixed" account and is part of our General
Account. The Variable Account is an account that is separate from our General
Account. The value of the Variable Account can increase or decrease depending on
investment experience. The Variable Account is made up of several Sub-accounts
(subdivisions) with different investment objectives. Each Sub-account invests
only in the shares of its own portfolio of its fund. The measure of value in a
Sub-account is called a unit.

The value of Units in a Sub-account can only change on a Business Day. A
Business Day is any day the New York Stock Exchange is open for trading or on
any other day there is enough trading to change the Unit value of a Sub-account.
Trading refers to the securities held by the portfolio.

A "Monthly Anniversary Day" is the first Business Day of each policy month. Each
month, a Monthly Deduction (the cost of insurance, cost of additional benefits,
an Administrative Charge and a Per $1,000 Specified Amount Charge) is deducted
from the Fund Value.

If, on a Monthly Anniversary Day, additional payments by you are required to
keep this Policy in force, we will send a notice of INSUFFICIENT PREMIUM or
INSUFFICIENT VALUE to you. A grace period of 61 days will be allowed for payment
of the required amount.

When we refer to "I" or "my" in a question, or to "you" or "your" in an answer,
we mean the Owner. The Owner is the person who holds the Policy and who has the
rights of ownership. The Owner chooses any options the Policy offers. When we
refer to "we", "us" and "our" we mean MONY Life Insurance Company. "Home Office"
means our office at 1740 Broadway, New York, NY 10019 and also includes our
Operations Center at One MONY Plaza, P.O. Box 4830, Syracuse,

NY 13221

You can read more about the terms used in the summary on the following pages.

"Beneficiary" (see Section 18)
"Cash Value" (see Section 9)
"Death Proceeds" (see Section 7)
"Fund Value" (see Section 8)
"Grace Period" (see Section 23)
"Guaranteed Interest Account" (see Section 21)
"Monthly Deduction" (see Section 22)
"Owner" (see Section 17)
"Specified Amount in Force" (see Section 16)
"Units" and "Sub-account (see Section 20)
unit value"
"Variable Account" and (see Section l9)
"Sub-accounts"

5. We Will Pay

What will the Company pay and when will they pay it?

If the Insured dies before the Maturity Age and while this Policy is in force,
we will pay the Death Proceeds of this Policy to the Beneficiary. Payment will
be made subject to all the provisions of this Policy, when we receive due proof
of death at our Home Office.

If the proceeds are not paid by the end of 30 days from the date we receive due
proof of death of the Insured, we will pay interest on the proceeds if required
by the state in which the Policy is delivered at the rate specified by that
state. If interest is payable, it will be paid from date of the death to date of
payment of proceeds.

Payment in any case will only be made in accordance with all the provisions of
this Policy.

If the Insured is living at the Maturity Age, we will pay the Cash Value, if
any, to the Owner(s).

6. Premiums

Where do I pay premiums?

Premiums after the first may be paid at any time to us at our Home Office or
through any agent or other person authorized to accept them in exchange for a
receipt signed by our Treasurer and by the person receiving the payment.

Is there a limit on premiums?

Yes. Premiums after the first (shown in section l), are limited as described
below. We will not accept any part of an unscheduled premium if that part would
result in the sum of all premiums paid, less any partial surrenders (including
their fees), being in excess of the Guideline Premium Limit that then applies to
the Policy.

We reserve the right to reject all or a portion of any unscheduled premium if
part (b) of either Death Benefit Option l or Death Benefit Option 2 i6 in effect
or would be in effect if such a payment had been accepted by us.

How is the Guideline Premium Limit determined?

The Guideline Premium Limit that applies to the Policy at any time will never be
more than as determined in accordance with Section 7702 of the Internal Revenue
Code of 1986 as now or later amended or any further amendment of such Code
superseding or modifying that section. The Guideline Premium Limit that applies
to the Policy on the Policy Date is shown in Section l.

Can the Guideline Premium Limit change?

Yes. Changes in the Specified Amount in Force, the Death Benefit Option in
effect or an additional benefit provided by rider will change the Guideline
Premium Limit. In the event of any such change we reserve the right to reduce
the amount of the Policy's Fund Value after deduction of any surrender charge,
so that the Guideline Premium Limit that applies to the Policy is not violated.
The amount, by which we reduce the Fund Value after deduction of any surrender
charge, will be refunded to you in cash. We will issue an endorsement to reflect
any such change and it will include the revised Guideline Premium Limit that
then applies to the Policy.

What is a Net Premium?

A net premium is a premium paid by you, less the Sales Charge, Premium Tax
Charge and Federal Tax Charge shown in Section l.

When must I pay the first premium and will the premium earn interest?

You must pay the first premium before or at delivery of the Policy. The premium
will earn interest at a rate not less than 4.5%. Interest will be credited
annually from the later of the Policy Date and the Business Day that falls on,
or next follows, the date we receive it at our Home Office until the date we
transfer it to the Sub-accounts and/or Guaranteed Interest Account as you have
chosen. If you do not accept the Policy at delivery, we will refund any premium
paid without interest.

Will any subsequent premiums earn interest during the "Right to Return Policy"
Period?

Any premium we receive after delivery of the Policy but before the end of the
"Right to Return Policy " period (see page 1) will also earn interest at a rate.
not less than a 4.6% annual interest rate.

When is this value transferred into the accounts I've chosen?

If you have not returned the Policy, at the end of the "Right to Return Policy"
period, we transfer the net premiums with interest less any monthly deductions
that may apply to the Sub-accounts and/or the Guaranteed Interest Account as you
have chosen. When we do this, we use the most recent valid scheduled premium
allocation choice we have from you. If we have no valid scheduled premium
allocation choice from you, we will transfer the net premiums with interest,
less deductions to the Money Market Sub-account.

After the "Right to Return Policy" period, where are net premiums allocated?

After the "Right to Return Policy" period, we allocate net premiums to the
Sub-accounts and/or the Guaranteed Interest Account as chosen by you on the day
we receive them if it is a Business Day. If the day we receive the premium is
not a Business Day, we allocate it on the next Business Day. When we do this, we
use the most recent valid scheduled premium allocation choice we have from you.
If we have no valid scheduled premium allocation choice from you, we will
allocate the net premiums, less deductions to the Money Market Sub-account.

Are there any allocation rules for scheduled premiums?

Yes, allocations must be made in whole percentages. If a Sub-account or the
Guaranteed Interest Account is to receive any allocation, the allocation must be
at least 10% of the net premium and, the total must equal 100% of the net
premium. We use the most recent valid allocation choice we have from you. You
may change your allocation choice by writing to us at our Home Office. A change
will take effect within 7 days after we receive that notice.

Will I receive any notice regarding scheduled premiums?

Yes, we will send reminder notices to you for the payment of the scheduled
premiums shown in Section 1. Scheduled premiums are planned periodic premiums,
they are not required premiums.

Can I change the amount and interval of scheduled premiums?

Yes, you can change the amount and interval of payment of scheduled premiums by
writing to us. But the new payment interval must satisfy our rules in use at the
time of the change.

Can I make unscheduled premium payments?

Yes, additional premium payments may be made at any time. However, we will not
accept any part of an unscheduled premium if that part will result in total
premiums paid less any partial surrenders (including their fees) in excess of
the Guideline Premium Limit if applicable.

Can I earmark an unscheduled premium for an allocation different from my regular
allocation choice?

Yes, you can choose a specific allocation for an unscheduled premium and it will
not change your allocation choice for future scheduled premiums. Allocations
must be by amount or percentage in whole numbers only. If a Sub-account or the
Guaranteed Interest Account is to receive any allocation, the allocation must be
at least 10% and the total must equal 100% of the net premium.

If you do not give us a specific allocation for the unscheduled premium, or if
your allocation choice is not valid, we will use the most recent valid scheduled
premium allocation choice we have from you.

7. Death Proceeds- Death Benefit Options

What are the Death Proceeds of the Policy?

The Death Proceeds will be paid to the Beneficiary when we receive due proof of
the death of the Insured while this Policy is in force. The Death Proceeds will
be the sum of:

- -- the Death Benefit; and

- -- any Death Benefit provided by any additional benefit rider in force on the
date of death.

LESS:

- -- any Debt due us on this Policy; and

- -- if the death of the Insured occurs during any period for which a monthly
deduction has not been made, any monthly deduction that may apply to that
period, including the deduction for the month of death.

What is the Death Benefit under Death Benefit Option 1?

If Death Benefit Option 1 is in effect on the date of the Insured's death, the
Death Benefit is the greater of:

(a) the Specified Amount in Force on the date of death; and

(b) the Fund Value on the date of death multiplied by the applicable percentage
(see below).

What is the Death Benefit under Death Benefit Option 2?

If Death Benefit Option 2 is in effect on the date of the Insured's death, the
Death Benefit is the greater of:

(a) the Specified Amount in Force on the date of death, plus the Fund Value on
the date of death; and

(b) the Fund Value on the date of death multiplied by the applicable percentage
(see below).

The applicable percentage of the Fund Value used to determine the Death Benefit
payable is:

Insured's Applicable
Attained Age on Percentage
Date of Death of Fund Value
------------- -------------

40 or under 250%

41-45 250% less 7% for each year
over attained age 40

46-50 215% less 6% for each year
over attained age 45

51-55 185% less 7% for each year
over attained age 50

56-60 150% less 4% for each year
over attained age 55

61-65 130% less 2% for each year
over attained age 60

66-70 120% less 1% for each year
over attained age 65

71-74 115% less 2% for each year
over attained age 70

75-90 105%

91-94 105% less 1% for each year
over attained age 90

95-99 101%

100 101%

Under what circumstances will the Death Benefit Option change automatically?

If a Waiver of Monthly Deduction Benefit rider or a Waiver of Specified Premium
rider is part of

this Policy, and if Death Benefit Option 1 is in effect, it will automatically
change to Death Benefit Option 2 under the terms and conditions explained in
that rider.

8. Fund Value

What is the Fund Value on the Policy Date?

The Fund Value on the Policy Date is the net Premiums received by us on or
before the Policy Date with interest, if applicable, less the monthly deduction
due on the Policy Date.

When are Fund Value calculations made?

After the Policy Date, Fund Value calculations are made on Business Days. If a
Fund Value calculation has to be made for a day that is not a Business Day, then
we will use the next Business Day.

How is the Fund Value determined on a Business Day?

The Fund Value on a Business Day is determined as follows:

(a) Determine the Fund Value in each Sub-account on that Day (see below for
details).

(b) Total the Fund Value in each Sub-account on that Day.

(d) Add any amounts in the Loan Account on that Day.

(e) Add interest credited on that Day on the amounts in (d) since the last
Monthly Anniversary Day.

(f) Add any net Premiums received on that Day.

(g) Deduct any Transfer Charges on that Day.

(h) Deduct any partial surrender, and its fee, made on that Day.

(i) Deduct any monthly deduction to be made on that Day.

Regarding (a) above, how is the Fund Value for each Sub-account determined on
that Business Day?

For each Sub-account we multiply the number of Units credited to that
Sub-account by its Unit value on that Day. The multiplication is done BEFORE the
purchase or redemption of any Units on

that Day.

Regarding (c) above, what makes up the Fund Value in the Guaranteed Interest
Account on that Business Day?

The Fund Value in the Guaranteed Interest Account on that Day is the accumulated
value with interest of net Premiums allocated, and amounts transferred, to the
Guaranteed Interest Account BEFORE that Day, decreased by allocations against
the Guaranteed Interest Account BEFORE that Day for: (i) any partial surrender,
and its fee; (ii) any amounts transferred from the Guaranteed Interest Account,
and Transfer Charge; and (iii) any monthly deductions.

How is the Fund Value determined on a Monthly Anniversary Day for purposes of
calculating the cost of insurance and the cost of any waiver of monthly
deduction rider?

The Fund Value on a Monthly Anniversary Day for purposes of calculating the cost
of insurance and the cost of any waiver of monthly deduction rider is determined
as described in items (a) through (h) above.

9. Cash Value

What is the Cash Value of this Policy?

The Cash Value of this Policy at any time is the Fund Value, less the surrender
charge and less any Debt.

10. Transfers

When can I make transfers?

Transfers may be made only after the "Right to Return Policy" period has ended.

What transfers can I make?

There are 2 types of transfers you can make. Each type is explained (along with
any rules and limitations) below:

Type 1. Transfers FROM a Sub-account. There are no restrictions on this type of
transfer.

Type 2. Transfers FROM the Guaranteed Interest Account. This type of transfer
can only be made ONCE per policy year. Your request for this type of transfer
MUST be received at our Home Office WITHIN 10 DAYS BEFORE OR 30 DAYS AFTER a
policy anniversary.

There is no limit or any other restriction on transfers INTO a Sub-account or
the Guaranteed Interest Account.

When will a transfer request take effect?

Type 1 transfers will take effect on the Business Day that falls on, or next
follows, the date we receive the request at our Home Office. Type 2 transfers
will take effect on the policy anniversary or, if later (subject to above
rules), on the Business Day that falls on, or next follows, the date we receive
the request at our Home Office.

What is the charge for a transfer and how does it work?

Each request for a transfer is considered one transaction. The number of
guaranteed free transfers which may be made during a policy year and the charge
for transfers in excess of that number during that year are shown on page 3. We
may increase the charge but it will never be more than the guaranteed maximum
shown on page 3.

If we change the amount of the charge we will send an endorsement to show the
change.

If a Transfer Charge is applicable, how is it allocated among the accounts?

The Transfer Charge is allocated against the first of the Sub-accounts and/or
the Guaranteed Interest Account from which Fund Value is being transferred.

Can I change this Policy to a policy that does not depend on the investment
results of a separate account?

Yes. During the first 24 months after the Date of Issue of the Policy, the
entire amount of Fund Value in the Sub-accounts may be transferred to the
Guaranteed Interest Account. Election of this exchange transfer will change this
Policy to a policy that is not dependent upon the investment results of a
separate account. There will be no Transfer Charge for an exchange transfer. On
the date an exchange transfer takes effect, the premium allocation will be
changed so that all future net premiums will be allocated to the Guaranteed
Interest Account only.

11. Surrender

When may I surrender the Policy and what is its value on surrender?

You may surrender the Policy at any time during the Insured's lifetime for its
Cash Value, if any.

If the Policy is surrendered within 30 days of a policy anniversary, the
following will apply. The

portion of the Cash Value of the Policy in the Guaranteed Interest Account on
the surrender date will not be less than the Cash Value in the Guaranteed
Interest Account on that anniversary. The Cash Value on that anniversary will be
adjusted for amounts attributable to: any partial surrender and its fee; any
transfer to or from the Guaranteed Interest Account and applicable Transfer
Charge, and any policy loan.

12. Partial Surrender

Can I withdraw money from the policy?

Yes, money may be withdrawn by making a partial surrender.

What are the rules and limitations for a partial surrender?

A partial surrender of this Policy may be made for any amount of at least $500
which, with its fee (see below), is less than the Policy's Cash Value on the
date of the partial surrender. A partial surrender may not result in a Specified
Amount in Force less than $100,000. Nor may it result in a remaining cash value
of less than $500.

Is there a fee for a partial surrender?

Yes, a partial surrender fee equal to $ 10 will apply to each partial surrender.
The amount of a partial surrender, plus its fee, will be deducted from the Fund
Value of the Policy on the date of the partial surrender. The fee will be
retained by us.

When will Partial surrenders take effect?

Partial surrenders will take effect on the Business Day that falls on, or next
follows, the date we receive your request at our Home Office.

How can I specify partial surrender allocations and are there minimums?

You can specify partial surrender allocations by amount or percentage.
Allocations by percentage must be in whole percentages and the minimum
percentage is 10% against any Sub-account or the Guaranteed Interest Account.
Percentages must total 100%.

We will not accept an allocation which does not comply with the above rules or
if there is not enough Fund Value in a Sub-account or the Guaranteed Interest
Account to provide its share of the allocation.

What if I don't specify an allocation?

If you do not specify an allocation, we will not accept the request for partial
surrender.

How will the partial surrender fee be allocated?

Each Sub-account and/or the Guaranteed Interest Account will be charged its
pro-rata share of the partial surrender fee, based on the allocation percentages
you specify for the partial surrender.

How will a partial surrender affect the amount of Death Benefit and Specified
Amount in force?

If Death Benefit Option 1 is in effect on the day on which a partial surrender
is made, we shall then reduce the Specified Amount in Force on that day by the
amount of the partial surrender, excluding its fee. But the amount of partial
surrender cannot result in a Specified Amount in Force less than $ 100,000.

If Death Benefit Option 2 is in effect on the day on which a partial surrender
is made, the Fund Value on that day will be reduced by the amount of the partial
surrender, plus its fee. The Specified Amount in Force on that day will be
unaffected.

How do partial surrenders affect the surrender charge described in Surrender
Charge Section 13 ?

Partial surrenders have no effect on the amount of surrender charge that may be
applicable.

13. Surrender Charge

What is the surrender charge for the Initial Specified Amount?

The surrender charge for the Initial Specified Amount is shown in Section 1A.

What effect does an increase in Specified Amount have on the surrender charge?

A new separate surrender charge will be determined for each increase in
Specified Amount and will be provided in the endorsement issued to reflect that
increase. The surrender charge for the Specified Amount in Force reflects any
charge attributable to the Initial Specified Amount and to each increase in
Specified Amount.

When will a surrender charge be assessed?

A full surrender will result in all of the outstanding surrender charge (if any)
being assessed against the Fund Value.

14. Loans

May I obtain a loan from the Policy?

Yes, loans may be obtained at any time while this Policy has a loan value. The
loan value is up to

90% of the Cash Value on the date of the loan. A proper assignment of this
Policy to us as security will be needed.

Is there any interest charged on loans and how is it payable?

Loan interest at an annual rate of 5.25% will be charged in arrears on new or
outstanding loans (4.75% in policy years 11 and later). This includes a loan
continued after any reinstatement of the Policy. Loan interest will accrue from
day to day between policy anniversaries. Interest will be payable in arrears on
each Policy anniversary.

What else should I know about loans?

The Policy will be the sole security for any policy loan. But it need not be
given to us for endorsement unless we ask for it.

Any reference to Debt under this Policy means total loan principal under this
Policy plus any accrued loan interest.

If ever the Debt exceeds the Fund Value less any outstanding surrender charge,
this Policy will end. But we must first give at least 61 days notice of
INSUFFICIENT VALUE. Any Debt may be repaid in whole or part before the Insured's
death.

Any written notice referred to in this "Loans" Section will be mailed to the
last known address of the Owner or any assignee of record.

When will loans take effect?

Loans will take effect on the Business Day that falls on, or next follows, the
date we receive the request for the loan at our Home Office.

How can I specify loan allocations and are there minimums?

You can specify loan allocations by amount or percentage. Allocations by
percentage must be in whole percentages and the minimum percentage is 10%
against any Sub-account or the Guaranteed Interest Account. Percentages must
total 100%.

We will not accept an allocation which does not comply with the above rules or
if there is not enough Cash Value in a Sub-account and/or the Guaranteed
Interest Account to provide its share of the allocation.

What if I don't specify an allocation?

If you do not specify an allocation, we will not accept the request for loan.

What happens if I don't pay the loan interest when it's due?

Any interest not paid when due will be added to the loan and bear interest at
the 5.25% annual rate (4.75% in policy years 11 and later). It will be deducted
from the Fund Value of each Sub-account and/or the Guaranteed Interest Account
in the same proportion that each bears to the total Fund Value on the policy
anniversary.

How will Debt repayments be allocated?

Any Debt repayment must be earmarked as such and will be allocated to the
Sub-accounts and/or the Guaranteed Interest Account according to the most recent
valid scheduled premium allocation choice that we have from you.

15. Loan Account

What is the Loan Account and how is interest credited to it?

The Loan Account is a portion of the Policy's Fund Value that was transferred
from the Sub-accounts and/or the Guaranteed Interest Account to secure any
outstanding loan. The Loan Account will earn interest at a rate not less than
4.5% per year. Any interest in excess of this rate will be credited in a manner
determined by us. The Fund Value of the Loan Account in excess of the Debt will
be allocated to the Sub-accounts and/or the Guaranteed Interest Account in a
manner determined by us.

What if I pay the entire Debt between policy anniversaries?

If the entire Debt is repaid on a date that is not a policy anniversary, we
determine the interest earned on the Loan Account from the last date it was
calculated to the date that payment was received by us at our Home Office. This
interest will be allocated on the date of repayment among the Sub-accounts
and/or the Guaranteed Interest Account in accordance with the most recent
scheduled premium allocation that we have from you (see Premiums section 6).

16. Optional Policy Changes

What changes can I make to the Policy?

You may request an increase or a decrease to the Specified Amount. You may also
request a change in Death Benefit Option. Requests for these changes may be made
by writing to us at our Home Office. We will issue an endorsement to the Policy
to show any such change.

Are there any rules or limitations regarding a request for an increase in
Specified Amount?

Yes. The rules and limitations for a requested increase in Specified Amount are:

(1) The request can not be made after the policy anniversary on which the
Insured attains the maximum age we then allow for increases;

(2) Monthly deductions are not being waived under the terms of a Waiver of
Monthly Deduction Benefit rider.

(3) Specified Premiums are not being waived under the terms of a Waiver of
Specified Premiums Benefit Rider.

How do I request an increase in Specified Amount?

You must submit a supplemental application to us and provide evidence
satisfactory to us of the insurability of the Insured.

When will an increase take effect?

The increase will take effect on the Monthly Anniversary Day that falls on, or
next follows, the date we approve it.

Are there any rules or limitations regarding a decrease in Specified Amount?

Yes. We will reject any requested decrease if that decrease would result in a
Specified Amount that is less than $100,000.

When will the decrease take effect and how will it be applied?

The decrease will take effect on the Monthly Anniversary Day that falls on, or
next follows, the date we approve it.

The decrease will be applied as follows:

(a) first, to reduce the amount provided by the most recent increase in
Specified Amount;

(b) next, to reduce the next most recent increases, successively;

When will a change in Death Benefit Option take effect and how will the
Specified Amount be affected?

Any change in Death Benefit Option will take effect on the Monthly Anniversary
Day that falls on, or next follows, the date on which we approve the request to
change the Option. If the change is from Option 2 to Option 1, the Specified
Amount in Force will be increased by the amount of the Fund Value on the
effective date of the change.

If the change is from Option 1 to Option 2, the Specified Amount in Force will
be decreased by the amount of the Fund Value on the effective date of the
change. But, the Specified Amount in Force

after the decrease cannot be less than $100.000.

Are there any requirements for a change in Death Benefit Option?

We reserve the right to request evidence satisfactory to us of the insurability
of the Insured for a change from Option 1 to Option 2.

17. Rights Of Owner

Who is the Owner of the Policy and what rights does the Owner have?

While the Insured is living, all rights, benefits, options and privileges under
this Policy or allowed by us belong to the Owner unless otherwise provided by
endorsement. These rights include the right to change the Beneficiary, to assign
the Policy, to transfer policy values or make full or partial surrenders, all in
accordance with our rules and procedures. The Owner is the person so named in
the attached application for this Policy unless otherwise provided by
endorsement.

18. Beneficiary

Who is the Beneficiary?

The Beneficiary is the person to whom the proceeds of the Policy are payable
upon the death of the Insured. The Beneficiary is the person so named in the
attached application for this Policy unless otherwise provided by endorsement.

If the beneficiary designation requires the Beneficiary to be living or
surviving, then, unless otherwise provided, that Beneficiary must be living on
the 14th day after the Insured's death or, if earlier, the date we receive due
proof of the Insured's death. The share of the Death Proceeds of any Beneficiary
who is not living on that earlier day will be payable to the remaining
Beneficiaries. Payment will be made in the manner provided for in that
designation

What if there is no Beneficiary named or then living?

Unless otherwise provided in the beneficiary designation, the Death Proceeds
will be payable to the Insured's executors or administrators.

Can I change the Beneficiary?

Yes, you can change the Beneficiary, unless you have given up this right, as
long as the Insured is living by writing to us at our Home Office. You do not
need to return the Policy to make the change unless we ask for it.

When will a Change of Beneficiary take effect?

A change will take effect when we record it retroactively as of the date the
request was signed. We

shall not be charged with notice of a change of Beneficiary until the change is
received at our Home Office. The change will be subject to any payment made or
action taken by us before we received your request.

19. The Variable Account

What is the Variable Account and what is its purpose?

The Variable Account is an investment account established and maintained by us,
separate from our general account or other separate accounts. The variable
benefits under this Policy are provided through investments we make in the
Variable Account. It is used for our flexible premium variable life policies
and, if permitted by law, may be used for other policies.

What else should I know about the Variable Account?

We own the assets in the Variable Account. Assets equal to the reserves and
other liabilities of the Variable Account will not be charged with liabilities
that arise from any other business we conduct. We may from time to time transfer
to our general account, assets which exceed the reserves and other liabilities
of the Variable Account.

The Variable Account is registered with the Securities and Exchange Commission
(SEC) as a unit investment trust under the Investment Company Act of 1940. It is
also governed by the laws of the state of New York.

What changes can the Company make to the Variable Account?

We may, to the extent permitted by applicable laws and regulations, make these
changes:

(a) the Variable Account may be operated as a management company under the
Investment Company Act of 1940; or

(b) the Variable Account may be de-registered under that Act if registration is
no longer required; or

Material Changes in Investment Policy- No material change in the investment
policy of the Variable Account will be made without prior concurrence of the New
York Insurance Department. We will notify the Owner as to any proposed material
change in the investment policy of the Variable Account. If the Owner objects to
the change he or she may exchange transfer to the Guaranteed Interest Account
the entire amount of Fund Value in the Sub-accounts. Election of this exchange
transfer will change this policy to a policy which is not dependent upon the
investment results of a separate account. The Owner will have 60 days after (a)
the effective date of the material change in investment policy or (b) the
Owner's receipt of the notice of that change and the right to exchange transfer
this Policy, whichever is later. The exchange transfer will take effect on

the Monthly Anniversary Day that coincides with, or next follows, the date we
receive at our Home Office the request for the exchange transfer. The exchange
transfer will be subject to the terms and conditions regarding exchange
transfers as set forth in the Transfer provisions of the Policy (See Section
10).

What should I know about Sub-accounts?

We use the assets of each separate Sub-account to buy shares in a corresponding
portfolio of the applicable fund. (See Section 3).

What rights does the Company have to change Sub-accounts?

We reserve the right to establish new Sub-accounts or eliminate one or more
Sub-accounts if tax considerations or investment conditions warrant.

Any new Sub-accounts may be made available to existing policies on a basis to be
determined by us. If any of these changes are made, we may by appropriate
endorsement change the Policy to reflect the change.

Income and realized and unrealized gains or losses from assets of each
Sub-account are credited to or charged against that Sub-account without regard
to income, gains or losses in the other Sub-accounts, our general account or any
other separate accounts. We reserve the right to credit or charge a Sub-account
in a different manner if required, or appropriate, by reason of a change in the
law.

When will the Company value the assets in the Sub-accounts?

We will value the assets of each Sub-account on each Business Day after the
assets in its corresponding fund portfolio have been valued on that Day.

What changes can the Company make to the Portfolio?

If, in our judgment, a portfolio no longer suits the purposes of the Policy due
to a change in its investment objectives or restrictions, we may substitute
shares of another portfolio of that fund or shares of another investment fund.
But, we will notify you before doing so and, to the extent required by law, we
will get prior approval from the SEC and the New York Insurance Department. Such
approval process is on file with the New York Insurance Department. We also will
get any other required approvals.

20. Sub-Account Unit Value

What is the unit value of each Sub-account?

The unit value of each Sub-account on its first Business Day was set at $10. The
unit value of each Sub-account on any subsequent Business Day is obtained by
subtracting (b) from (a) and dividing

the result by (c), where:

(a) is the per share net asset value on the Business Day of the applicable fund
portfolio in which the Sub-account invests times the number of such shares
held in the Sub-account before the purchase or redemption of any shares on
that Day.

(b) is the Mortality and Expense Risk Charge accrued as of that Business Day.
The Daily Mortality and Expense Risk Charge is a percentage (shown in
Section 1) of the Sub-account's net asset value on the previous Business
Day. (If the previous day was not a Business Day, then the Daily
Mortality/Expense Risk Charge is the percentage shown in Section 1 times
the number of days since the last Business Day times the Sub-account's net
asset value on that last Business Day.)

(c) is the total number of Units held in the Sub-account on the Business Day
before the purchase or redemption of any Units on that Day.

For any Policy transaction which is applied to a Sub-account, the dollar amount
of transaction is divided by the Sub-account unit value to determine the number
of units credited or subtracted from a Sub-account.

21. Guaranteed Interest Account

What is the Guaranteed Interest Account?

The Guaranteed Interest Account is an account which is part of our general
account. The general account consists of all of our assets except those held by
the Variable Account and other separate accounts maintained by us .

What interest rate applies to the Guaranteed Interest Account?

The guaranteed annual interest rate that applies in the calculation of the Fund
Value in the Guaranteed Interest Account is 4.5% (0.0121%, compounded daily).
Interest in excess of the guaranteed rate may be applied in the calculation of
that Fund Value in a manner determined by us. Once applied, interest becomes
non-forfeitable. We may use different rates of interest for different portions
of the Fund Value in the Guaranteed Interest Account. Any change in interest
rate will be on a uniform basis for insureds of the same class and will be
determined in accordance with procedures and standards on file with the
Superintendent of Insurance of the State of New York.

22. Monthly Deduction

What is the monthly deduction?

The monthly deduction on a Monthly Anniversary Day for the following policy
month is the sum of (a) through (d), where:

(a) is the cost of insurance (see Cost of Insurance section below).

(b) is the cost of any additional benefits provided by rider.

(d) is the per $1,000 Specified Amount in Force charge.

How is a monthly deduction allocated before the end of the "Right to Return
Policy" period?

Any monthly deduction to be made before the end of the "Right to Return Policy"
period (see page 1) will be charged against the net premiums.

How are monthly deductions allocated after the end of the "Right to Return
Policy" period?

Monthly deductions made after the end of the "Right to Return Policy" period
will be allocated against the Sub-accounts and/or the Guaranteed Interest
Account in the same proportion that the Policy's Fund Value held in each bears
to the total Fund Value of the Policy on that Business Day.

What effect does an increase in Specified Amount have on the Per $1,000
Specified Amount charge?

An additional Per $1,000 charge will be determined for each increase in
Specified Amount and will be provided in the endorsement issued to reflect that
increase. The charge for the Specified Amount in Force reflects any charge
attributable to the Initial Specified Amount and to each increase in Specified
Amount.

23 Grace Period

What is the grace period?

The grace period is the time we allow you to pay any amount needed to keep this
Policy in force.

Will I be notified if I need to pay additional amounts to keep this Policy in
force?

Yes. We will send a notice of INSUFFICIENT PREMIUM if you must pay an additional
amount to keep this Policy in force during:

(a) the first three policy years; or

(b) the three policy years following an increase in Specified Amount, if that
increase became effective during the first three policy years.

After the periods described in (a) and (b) above, we will send a notice of
INSUFFICIENT VALUE if you must pay an additional amount to keep this Policy in
force.

Is there a Minimum Monthly Premium?

Yes. The Minimum Monthly Premium is shown in Section 1. The Minimum Monthly
Premium after any increase in Specified Amount will be provided in the
endorsement issued to reflect that increase. The Minimum Monthly Premium is not
reduced after any decrease in Specified Amount.

When are the premiums I've paid insufficient to keep the Policy in force?

(1) On each Monthly Anniversary Day during the periods described in (a) and (b)
above, we total all premiums paid and subtract any partial surrenders
(excluding their fees) and any Debt.

(2) Then we calculate the sum of:
(i) the Minimum Monthly Premium shown in Section 1 times the number of
months the policy has been in force; plus
(ii) any increase in the Minimum Monthly Premium due to an increase in
Specified Amount times the number of months that increase has been in
effect.

If the amount from (1) above is less than the amount from (2) above, we will
send a notice of INSUFFICIENT PREMIUM to the last known address of the Owner or
any assignee of record at least 61 days before the Policy ends. The Cash Value
of the Policy must also be less than zero for this notice to be sent.

What amount must I pay after a notice of INSUFFICIENT PREMIUM is sent and, is
there a grace period for that payment?

A. After you receive a notice of INSUFFICIENT PREMIUM, you must pay:

(i) any balance needed on the Monthly Anniversary Day to cover the Minimum
Monthly Premium for the following month plus;
(ii) an amount equal to 1 Minimum Monthly Premium.

A grace period of 61 days from the date of the notice will be allowed for
payment of the above amount. The Policy is in force during the Grace Period.

When is the value of the Policy insufficient to keep the Policy in force?

On each Monthly Anniversary Day after the periods described in (a) and (b)
above, if the Cash Value is not enough to cover the monthly deduction (see
Monthly Deduction Section 22 ) for the following month, we will send a notice of
INSUFFICIENT VALUE to the last known address of the Owner or any assignee of
record at least 61 days before the Policy ends.

What amount must I pay after a notice of INSUFFICIENT VALUE is sent and, is
there a grace period for that payment?

B. After you receive a notice of INSUFFICIENT VALUE, you must pay:
(i) any balance needed for the monthly deduction plus;
(ii) an amount equal to 2 monthly deductions.

A grace period of 61 days from the date of the notice will be allowed for
payment of the above amount. The Policy is in force during the grace period.

What happens if I don't pay the amount described?

If the payment described in A or B above, as applicable, is not received within
the grace period, the Policy will end at the end of the grace period and any
remaining Cash Value on that date will be refunded.

24. Reinstatement

If the Policy ends at the end of the grace period, may it be reinstated?

Yes. If the Policy ends at the end of the grace Period, the Policy may be
reinstated.

What is the period of reinstatement and what is required to reinstate the
Policy?

Reinstatement may only be done within 5 years after the Monthly Anniversary Day
at the beginning of the grace period. We shall need:

(a) evidence satisfactory to us of the insurability of the Insured.

(b) payment of a premium large enough to cover:
(i) the balance needed as described in subsection A or B of Grace Period,
whichever is applicable (see Section 23); and
(ii) an amount sufficient to keep the Policy in force for at least 1 month
from the reinstatement date.

(c) payment or reinstatement of any Debt due us on the Policy, plus payment of
interest on any reinstated Debt from the beginning of the grace period to
the end of the grace period at the rate which applies to policy loans on
the date of reinstatement. This is an annual rate of 5.25% for policy years
1 through 10; 4.75% for policy years 11 and later.

We will reinstate any surrender charge that would have been outstanding on the
date of reinstatement had the Policy remained in force.

The Fund Value from the date of reinstatement will be based on the reinstated
surrender charge, the net premium paid for reinstatement, the reinstated debt
and any monthly deduction due on the reinstatement date.

If I fulfill the above requirements for reinstatement, when will the Policy be
reinstated?

The reinstatement date will be the Monthly Anniversary Day that falls on, or
immediately precedes, the date the application for reinstatement is approved by
us.

25. Cost Of Insurance

How is the cost of insurance determined?

The cost of insurance is determined on a monthly basis on a Monthly Anniversary
Day. It is determined separately for each of the following, in the order shown:

(a) the Initial Specified Amount; and

(b) each increase in Specified Amount, successively, in the order in which it
took effect; and

(c) either (i) or (ii) below, depending upon the Death Benefit Option in effect
on the Monthly Anniversary Day:
(i) if Death Benefit Option 1 is in effect, any excess between the Death
Benefit payable on that Day and the Specified Amount then in force;
(ii) if Death Benefit Option 2 is in effect, any excess between the Death
Benefit payable on that Day less the Fund Value on that Day, less the
Specified Amount then in force.

The cost of insurance on a Monthly Anniversary Day for each of (a), (b),(c)(i)
and (c)(ii) above is calculated by multiplying its insurance rate see Insurance
Rate section below) by its Amount At Risk (defined below) divided by 1,000. The
insurance rate that applies to (c)(i) and (c)(ii) is the same as the rate that
applies to the most recent increase in Specified Amount including the same
gender, age, class of risk, number of years and total Specified Amount for that
increase. (If there has been no increase, the rate for the Initial Specified
Amount applies.)

What is the "Amount At Risk"?

If Death Benefit Option 1 is in effect, the "Amount At Risk" on the Monthly
Anniversary Day is the difference between (1) and (2), where: (1) is the Death
Benefit that would have been payable in the event of the death of the Insured on
that Day divided by 1.003676; and (2) is the Fund Value on that Day determined
as described in the last paragraph of the Fund Value section before any monthly
deduction made on that Day. The Policy's Fund Value on the Monthly Anniversary
Day is applied in the order shown to (a), (b) and, if applicable, c)(i) above,
to determine the Amount At

Risk for each. If the Fund Value when so applied equals or exceeds the Initial
Specified Amount divided by 1.003675, there is no Amount At Risk for that
Initial Specified Amount and no cost of insurance for it. If the Fund Value when
so applied equals or exceeds the Initial Specified Amount plus any increase in
Specified Amount divided by 1.003675, there is no Amount at Risk for that
increase and no cost of insurance for it.

If Death Benefit Option 2 is in effect, the "Amount At Risk" on the Monthly
Anniversary Day is the Specified Amount in Force plus the amount described in
(c)(ii) above, if applicable.

26. Insurance Rate

What is the insurance rate for the Initial Specified Amount based on?

The insurance rate for the Initial Specified Amount is based on the Insured's
gender, age on the Policy Date, "Class of Risk", the number of years since the
Policy Date and the amount of Initial Specified Amount. "Class of Risk" for the
Initial Specified Amount is the class of risk to which the Insured belonged on
the Policy Date and is shown on Page 1.

What is the insurance rate for any optional increases in Specified Amount based
on?

The insurance rate for any optional increase in Specified Amount will be based
on the Insured's gender, age on the effective date of the increase, "Class of
Risk" on that date, number of years since that date, and the total Specified
Amount including the increase.

When are monthly insurance rates reviewed and on what basis are any changes in
monthly insurance rates made?

Each year we shall review the monthly insurance Rates to determine if any change
should be made. Monthly insurance rates will be based on our expectations as to
future: (a) mortality; (b) investment earnings; (c) expenses, and (d)
persistency. But, we guarantee that the insurance rates for the Initial
Specified Amount will never be more than the rates shown in the Guaranteed
Monthly Insurance Rates for Initial Specified Amount table in Section 2. And,
insurance rates for any optional increase in Specified Amount and for any
coverage under item (c) in Section 25 will never be more than the guaranteed
rates provided by us at the time the increase takes effect.

What are guaranteed rates based on?

All guaranteed rates are based on the 1980 Commissioners Standard Ordinary Age
Last Birthday Smoker or Nonsmoker Mortality Tables as applicable (for issue ages
under 18, a composite table is used for attained ages less than 15 and the
Smoker Table is used thereafter), with interest at the rate of 4.5% a year
(0.0121%, compounded daily) with appropriate increase for rated risk. Any change
in insurance rates will be on a uniform basis for Insureds of the same age,
gender and class of risk. Changes in rates and the way in which they are
determined will be filed with the insurance supervisory official of the state in
which the Policy is delivered.

27. Continuation Of Insurance

If I don't continue premium payments, how long will the Policy be continued?

If premium payments are not continued, the Policy will be continued only as long
as stated in (a) or (b) below, as applicable:

(a) during the first 3 policy years or during the 3 policy years following an
increase in Specified Amount (if that increase became effective during the
first 3 policy years), if the Cash Value of the policy is less than zero,
as long as the sum of all premiums paid less any partial surrenders
(excluding their fees) and less any Debt is equal to or greater than the
sum of each Minimum Monthly Premium times the number of in force policy
months during which that premium was applicable; or

(b) in all other situations, as long as the Cash Value is sufficient to cover
any monthly deductions. (See Grace Period section 23)

This Continuation of Insurance provision will not continue the Policy beyond the
Maturity Age. Nor will it continue any additional benefit rider beyond its date
for termination.

28. Basis Of Calculation

What should I know about the basis of calculation?

The method of determining Cash Values, Surrender charge and other charges has
been filed with the insurance supervisory official of the state in which this
Policy is delivered. The values under this Policy are not less than the minimum
values required by the law of the state in which the Policy is delivered.

Minimum Cash Values are based on the 1980 Commissioners Standard Ordinary Age
Last Birthday Smoker or Nonsmoker Mortality Tables, as applicable (for issue
ages under 18, a composite table is used for attained ages less than 15 and the
Smoker Table is used thereafter) and interest at an annual rate of 4.5% a year.

29. Dates And Policy Periods

How are periods measured in the Policy?

Months, years and anniversaries are measured from the Policy Date unless we
state otherwise. Policy months start on the same date in each calendar month as
the Policy Date. That means if the Policy Date is on the 1st of the month, then
each policy month will start on the 1st of the month.

What if the Policy Date is a date that doesn't occur in all months, such as the
31st?

If the Policy Date is the 29th, 30th or 31st of a month, there will be some
calendar months when

there is no such date. For those months the policy month will start on the last
day of the calendar month.

Where dates are shown, the numbers stand for month, day and year, in that order.
The Policy Date is shown on Page 1.

30. General Provisions

What makes up this Contract?

This Policy is a contract and has been issued in consideration of the
application and payment of the first premium (shown in Section 1 ). The
application, a copy of which is attached, and any supplemental applications are
a part of the Policy. Any such supplemental application will be attached to the
Policy. The Policy, any attached riders and/or endorsements, the application and
any supplemental applications make up the entire contract.

The questions in this Policy, including the questions in any rider or
endorsement attached hereto, are for purposes of convenience and reference only.
They do not form a part of and shall not in any way limit or affect the meaning
or interpretation of any of the terms and conditions of this Policy.

How does the Company use the statements I make in the application?

All statements made in the application will be considered to be representations
and not warranties. No statement may be used to make this Policy invalid or to
deny a claim under it, unless the statement is contained in the written
application, a copy of which must have been attached to the Policy at issue or
delivery or on the effective date of any increase in Specified Amount.

When will this Policy be incontestable?

This Policy will be incontestable, as to statements made in the application for
it, after it has been in force during the lifetime of the Insured for 2 years
from its Date of Issue, except as to any provision for benefits in case of total
disability.

Any optional increase in Specified Amount or any reinstatement, will be
incontestable as to statements made in the supplemental application for it, only
after the increase or reinstatement has been in force during the lifetime of the
Insured for 2 years from the date it took effect.

What if the Insured's age or gender has been misstated?

If the age, date of birth or gender of the Insured has been misstated, the
amount of any Death Benefit will be the sum of (a) and (b), where:

(a) is the Fund Value on the date of death of the Insured; and

(b) is the Amount At Risk on the last Monthly Anniversary Day, multiplied by
the ratio of the

insurance rate on the last Monthly Anniversary Day based on the incorrect
age or gender to the insurance rate that would have applied on that Day
based on the correct age or gender.

A misstatement of age or gender does not affect the Fund Value.

What does the Company pay in case of the suicide of the Insured?

If the Insured commits suicide, within 2 years of the Date of Issue, the amount
payable by us will be limited to the amount of the premiums paid less: (a) any
Debt; and (b) any partial surrenders and their fees. But, in case of the suicide
of the Insured, within 2 years of the date any optional increase in Specified
Amount took effect, the amount payable by us with respect to that increase will
be limited to its cost.

How does the Company handle an assignment of the Policy?

We shall not be charged with notice of assignment of any interest in this Policy
until the assignment (or a copy) is received and recorded by us at our Home
Office. We are not responsible as to the validity or effect of any assignment.
We may rely solely on the statement of the assignee as to the amount of his or
her interest. All assignments will be subject to any Debt on this Policy. The
interest of any Beneficiary (except an irrevocable beneficiary) or other person
will be subordinate to any assignment, whenever made. The assignee will receive
any sum payable to the extent of his or her interest.

What may the Company require for Policy payment?

In any settlement of this Policy, by reason of death, surrender, or otherwise,
we may require the return of the Policy. Any Debt on this Policy will be
deducted when we determine the proceeds.

Due proof of death or total disability must be submitted to us at our Home
Office.

What do Relationships in any designation refer to?

Relationships used in any beneficiary or other designation will refer to the
Insured unless the wording indicates otherwise.

Who has the authority to change this Policy?

No change in the Policy will be valid until it is approved by one of our
executive officers. This approval must be endorsed on or attached to this
Policy. No agent or other person has authority to change the Policy, waive any
of its provisions or accept representations or information not in the written
application.

Can the Company postpone certain payments or transfers?

We will usually pay any amount payable on surrender, partial surrender or loan
within 7 days after

we receive written request for the payment at our Home Office. We will usually
pay any Death Proceeds within 7 days after we receive due proof of death of the
Insured.

But, any surrender or loan payment involving Cash Value in the
Guaranteed Interest Account (except when used to pay premiums) may be postponed
for up to 6 months from the date we receive the request for a surrender or loan.
And, any surrender or loan payment involving a determination of Cash Value in
Sub-accounts (except when used to pay premiums) may be postponed in any case
whenever:

(a) the New York Stock Exchange is closed (except for customary
(b) weekend and holiday closings), or trading on the New York Stock
(c) Exchange is restricted as determined by the Securities and Exchange
(d) Commission (SEC); or
(b) the SEC determines that a state of emergency exists so that valuation of
the as6ets of the Variable Account or disposal of securities is not
reasonably practicable.

Transfers among Sub-accounts, and allocations to and against Sub-accounts, also
may be postponed under the circumstances described in (a) or (b) above.

What reports will the Company send?

We will send a report at least annually to the Owner showing the then current
status of the Policy. It will show since the last report: premiums received;
expense charges (including any Transfer Charges); cost of insurance and any
riders; interest earned on Fund Value in the Loan Account; interest earned on
Fund Value in the Guaranteed Interest Account; and any partial surrenders (and
their fees).

It will show as of the current report date: Death Benefit; Specified Amount;
Cash Value; and any Debt. It will also show as of the current and prior report
dates: Fund Value; Sub-account Unit values; Fund Value in the Guaranteed
Interest Account; and any other information required by state law or regulation.

We will also send to the Owner any reports required by the Investment Company
Act of 1940.

Will the Company provide an illustration which projects future benefits and
values?

Yes. We will provide a projection of illustrative future benefits and values at
any time after the first policy anniversary upon: (a) written request; and (b)
payment of a service fee. The fee will be the one then in effect for this
service, but in no case more than $25. The illustration will be based on (a) the
current Policy status as to Specified Amount, Death Benefit Option and scheduled
premiums; and (b) any other assumptions that are needed or that we agree to.

Is this Policy eligible to earn dividends?

No, this Policy is nonparticipating and does not earn any dividends.

31. Settlement Options

What is a Settlement Option?

Instead of being paid in a single sum, you may elect to receive any death or
surrender proceeds from this Policy in the form of a Settlement Option. If you
elect a Settlement Option in the form of Income payments, the dollar amount of
the payments and how long will we pay them (for example, over the lifetime of a
single Payee or joint Payees), will depend on the terms of that settlement.

Can any proceeds be paid in a single sum?

Yes, if one of the Settlement Options described below is not elected, any death
or surrender proceeds will be paid in a single sum.

Whom can I select as the payee under a Settlement Option?

Any natural person (not a business entity or trust) in his or her own right. The
Payee must be the person to whom proceeds are payable under this policy.

When can I elect a Settlement Option?

At any time while the Insured is living, you may elect to have the proceeds paid
under one of the Settlement Options described below.

How can I elect or change a Settlement Option for Death Proceeds?

You may choose an option or change a prior election while the Insured is living
by sending written request to us at our Home Office. However, we must record
this choice or change. You do not need to return the Policy to us to make the
choice or change unless we ask for it.

What is the minimum amount of proceeds I can elect to have applied toward one of
these Settlement Options?

The amount of proceeds applied toward any of these Settlement Options must be at
least $ 1,000.

Can the Payee choose a Settlement Option?

Yes, if the Payee was to receive the proceeds in a single sum, the Payee may
instead choose one of the Settlement Options for proceeds not yet paid. This
must be done by written request to us at our Home Office not more than 1 month
after the proceeds become payable.

What Settlement Options are available?

- - Option 1. Interest Income - Under this option, we hold the proceeds and
credit the interest earned on those proceeds to the Payee. We set the rate
of interest for each year, but that rate will never be less than 2 3/4% a
year. This Option will continue until the earlier of the date the Payee
dies or the date you elect another Settlement Option.

- - Option 2. Income for Specified Period - Under this option, the Payee
receives an income for the number of years chosen. We then calculate an
income that will be based on the Minimum Monthly Income Table 2 for that
period. Note that the longer the period selected (i.e. number of years) the
lower the dollar amount per $1,000 of proceeds. Payments may be increased
by additional interest as we may determine for each year.

- - Option 3. Single Life Income - Under this option, a number of years called
the period certain is chosen. We will then pay income to a single Payee for
as long as that Payee lives or for the number of years chosen (the period
certain), whichever is longer. If the Payee dies after the end of the
period certain, the income payments will stop.

The period certain elected may be:

(a) 0, 10, or 20 years; or
(b) until the total income payments equal the proceeds applied (this is
called a refund period certain).

The amount of the income payments will be figured by us on the date the
proceeds become payable. This amount will be at least as much as the
applicable amount shown in the Minimum Monthly Income Table 3. The income
amounts are based on the 1983 Table a (discrete functions, without
projections for future mortality) with 3 1/2% interest.

If the income payments for the period certain elected are the same as
income payments based on another available longer period certain, we will
deem an election to have been made for the longer period certain.

- - Option 3A. Joint Life Income - We pay income during the joint lifetime of
two people (the Payee and another person). That means if one person dies,
we will continue to pay the same income (or a lesser income) to the
survivor for as long as the survivor lives.

The survivor may receive the same dollar amount that we were paying before
the first Payee died or two-thirds of that amount depending on the election
made at the time of settlement. Note that if the lesser (two-thirds) amount
paid to the survivor is elected, the dollar amount payable while both
persons are living will be larger than it would have been if the same
amount paid to the survivor had been elected.

The amount of income payable while both persons are living (the joint
lifetime) will be figured by us on the date the proceeds become payable.
This amount will be at least as much as the applicable amount shown in the
Minimum Monthly Income Table 3A. The minimum income amounts are based on
the 1983 Table a (discrete functions, without projections for future

mortality) with 3 1/2% interest.

If a person for whom Option 3A is chosen dies before the first income
amount is payable, the survivor will receive settlement instead under
Option 3 with 10 years certain.

- - Option 4. Income of Specified Amount - Under this Option, the dollar amount
of the income payments is chosen. We will pay that amount for as long as
the proceeds and interest last; but, the dollar amount chosen must add up
to a yearly amount of at least 10% of the proceeds applied. Interest will
be credited annually on the balance of the proceeds. We set the rate of
interest for each year, but that rate will never be less than 2 3/4% a
year.

Are any other Settlement Options available?

Yes, the proceeds may be settled under any other option we may agree to.

How often will the Payee receive income payments?

Payment will be made monthly unless quarterly, semi-annual or annual payment is
requested by you (or the Payee) when the option is chosen. If payments of the
chosen frequency would be less than $25 each, we may use a less frequent payment
basis.

Multiply the monthly payment by the appropriate factor to obtain less frequent
payment amounts

Ann. Semi-Ann. Quarterly
---- --------- ---------

OPTION 2 11.85 5.97 2.99

OPTION 3 0 Years Certain 11.68 5.90 2.97

OPTION 3 20 Years Certain, or 11.80 5.95 2.99
Refund Period Certain

OPTION 3 10 Years Certain or 11.74 5.92 2.97
OPTION 3A

Will I (or the Payee) receive an explanation of the Settlement Option?

Yes, you (or the Payee) will receive a supplementary contract when the proceeds
are settled under one of these options The contract will state the terms of the
settlement.

What will be paid when the Payee dies after the effective date of the
supplementary contract?

The amount payable under each Option at the Payee's death will be paid as stated
below in a single sum to the Payee's executors or administrators unless
otherwise provided in the settlement approved by us at the time it was chosen.

Option 1 or 4 - Any unpaid proceeds and interest to the date of death.

Options 2 or 3 - The amount which, with compound annual interest, would have
provided any future income payments for: (a) the specified period (Option 2); or
(b) the specified period certain (Option 3). Interest will be at the rate or
rates assumed in computing the amount of income.

What else should I know about Settlement Options?

Before we pay Option 3 or 3A, we shall need proof of age of the Payee(s) which
satisfies us.

MINIMUM MONTHLY INCOME TABLES

These Tables show the minimum monthly income per $1,000 of proceeds applied
under the applicable option.

Table 2 - Income for a Specified Period Option

Monthly Monthly
Years Amount Years Amount
- ----- ------- ----- -------

1 $84.37 11 $8.75
2 42.76 12 8.13
3 28.89 13 7.60
4 21.96 14 7.15
5 17.80 16 6.76
6 15.03 16 6.41
7 13.06 17 6.11
8 11.58 18 5.85
9 10.42 19 5.61
10 9.50 20 5.39

Minimum Monthly Income Tables (continued)

Table 3 - Single Life Income Option.

The life income shown is based on the Payee's age last birthday on the due date
of the first income payment.

10 Years 20 Years 10 Years 20 Years
Certain Certain Certain Certain
-------- -------- -------- --------
Male Female AGE Male Female Male Female AGE Male Female
---- ------ --- ---- ------ ---- ------ --- ---- ------

$3.21 $3.14 10* $3.20 $3.13 $3.74 $3.56 35 $3.71 $3.55
3.22 3.15 11 3.21 3.14 3.78 3.59 36 3.75 3.58
3.23 3.16 12 3.23 3.15 3.82 3.62 37 3.78 3.61
3.24 3.17 13 3.24 3.17 3.86 3.65 38 3.82 3.64
3.26 3.18 14 3.25 3.18 3.90 3.69 39 3.85 3.67

3.27 3.19 15 3.27 3.19 3.94 3.72 40 3.89 3.70
3.29 3.20 16 3.28 3.20 3.99 3.76 41 3.93 3.73
3.30 3.22 17 3.30 3.21 4.04 3.80 42 3.98 3.77
3.32 3.23 18 3.31 3.23 4.09 3.84 43 4.02 3.81
3.34 3.24 19 3.33 3.24 4.14 3.88 44 4.06 3.84

3.36 3.26 20 3.35 3.25 4.20 3.92 45 4.11 3.88
3.37 3.27 21 3.37 3.27 4.25 4.97 46 4.16 3.93
3.39 3.29 22 3.38 3.28 4.31 4.02 47 3.21 3.97
3.41 3.30 23 3.40 3.30 4.38 4.07 48 4.26 4.01
3.43 3.32 24 3.42 3.32 4.44 4.12 49 4.31 4.06

3.46 3.34 25 3.45 3.33 4.51 4.18 50 4.37 4.11
3.48 3.36 26 3.47 3.35 4.58 4.24 51 4.42 4.16
3.50 3.38 27 3.49 3.37 4.66 4.30 52 4.48 4.21
3.53 3.40 28 3.52 3.39 4.74 4.36 53 4.54 4.27
3.56 3.42 29 3.54 3.41 4.82 4.43 54 4.60 4.32

3.58 3.44 30 3.57 3.43 4.91 4.51 55 4.66 4.38
3.61 3.46 31 3.59 3.45 5.00 4.58 56 4.72 4.44
3.64 3.49 32 3.62 3.48 5.10 4.66 57 4.78 4.51
3.67 3.51 33 3.65 3.50 5.20 4.75 58 4.85 4.57
3.71 3.54 34 3.68 3.52 5.31 4.84 59 4.91 4.64

10 Years 20 Years
Certain Certain 0 Years Certain
-------- -------- ---------------
Male Female AGE Male Female Male AGE Female
---- ------ --- ---- ------ ---- --- ------

$5.42 $4.93 60 $4.97 $4.71 $3.46 25 $3.34
5.54 5.04 61 5.04 4.77 3.59 30 3.44
5.67 5.14 62 5.10 4.84 3.75 35 3.57
5.80 5.25 63 5.16 4.91 3.96 40 3.73
5.94 5.37 64 5.22 4.98 4.22 45 3.93

6.08 5.50 65 5.28 5.05 4.56 50 4.20
6.23 5.63 66 5.33 5.12 4.99 55 4.54
6.38 5.77 67 5.38 5.19 5.57 60 5.00
6.54 5.92 68 5.43 5.25 6.39 65 5.64
6.71 6.07 69 5.48 5.32 7.53 70 6.53

6.88 6.23 70 5.52 5.38
7.05 6.40 71 5.55 5.43 Refund Period
7.22 6.58 72 5.59 5.48 Certain
---------------------------
7.40 6.76 73 5.62 5.53
7.57 6.95 74 5.64 5.57 Male AGE Female
---- --- ------

7.75 7.15 75 5.66 5.60 $3.44 25 $3.33
7.92 7.34 76 5.68 5.63 3.56 30 3.42
8.09 7.54 77 5.70 5.66 3.70 35 3.54
8.26 7.74 78 5.71 5.68 3.88 40 3.69
8.42 7.94 79 5.72 5.70 4.11 45 3.87

8.57 8.14 80+ 5.73 5.71 4.38 50 4.11
4.73 55 4.40
5.18 60 4.78
5.76 65 5.28
6.52 70 5.94

* and under
+ and over

The minimum income for any age not shown in the 0 Years Certain and Refund
Period Certain columns is calculated on the same mortality and interest
assumptions as the minimum income ages shown and will be quoted on request.

Table 3A - Joint Life Income Option

The income shown is based on the ages (at last birthday on the due date of the
first income payment) of the 2 persons during whose joint lifetime payments are
to be made.

Same Income Continued to Survivor

Age
Of
Female Age of Male
------ -----------------------------------------------------
50 55 60 65 70

50 $3.89 $3.98 $4.04 $4.09 $4.13
55 4.03 4.16 4.27 4.36 4.42
60 4.16 4.34 4.51 4.66 4.78
65 4.27 4.51 4.76 4.99 5.20
70 4.37 4.66 4.99 5.34 5.67

Two-Thirds of Income Continued to Survivor

Age
Of
Female Age of Male
-----------------------------------------------------
50 55 60 65 70

50 $4.20 $4.35 $4.51 $4.69 $4.89
55 4.36 4.54 4.73 4.95 5.18
60 4.55 4.76 4.99 5.25 5.53
65 4.76 5.01 5.29 5.62 5.97
70 4.99 5.28 5.63 6.04 6.49

The minimum income for any other combination of ages or for 2 persons of the
same gender are calculated on the same mortality and interest assumptions as the
minimum income for the combination of ages shown and will be quoted on request.

This is a FLEXIBLE PREMIUM VARIABLE LIFE TO MATURITY AGE POLICY. Specified
Amount may be increased or decreased. Net premiums may be allocated to one or
more Sub-accounts of the Variable Account or to the Guaranteed Interest Account.
If the values have been sufficient to continue the Policy in force: death
proceeds are payable in event of death of the Insured before the Maturity Age;
cash value, if any, is payable if Insured is living at the Maturity

Age. Death Benefit and Policy values reflect investment results. Flexible
premiums until Maturity Age. Nonparticipating (no dividends payable).