1
EXHIBIT 9
ILLUSTRATIONS OF CASH VALUES,
SURRENDER VALUES, AND DEATH BENEFITS
(Destinations Life)
The tables in this Illustration have been prepared to help show how
values under Individual and Survivorship Policies change with investment
experience. The tables illustrate how Cash Values, Surrender Values (reflecting
the deduction of Withdrawal Charges, if any) and Death Benefits under a Policy
issued on an Insured or Insureds of a given age would vary over time, if the
hypothetical gross investment rates of return were a uniform, after tax, annual
rate of 0%, 6%, and 12%. If the hypothetical gross investment rate of return
averages 0%, 6%, or 12%, but fluctuates over or under those averages throughout
the years, the Cash Values, Surrender Values and Death Benefits may be
different.
The amounts shown for the Cash Value, Surrender Value and Death
Benefit as of each Policy Anniversary reflect the fact that the net investment
return on the assets held in the Subaccounts is lower than the gross return.
This is because of a daily charge to the Subaccounts for assuming mortality and
expense risks, which is equivalent to an effective annual charge of 0.90%. In
addition, the net investment returns also reflect the deduction of the
Portfolio investment advisory fees and other Portfolio expenses (0.xx%, the
average of the actual and estimated fees and expenses including any caps or
reimbursements). The tables also reflect applicable charges and deductions
including (a) a monthly Administration Charge of 0.35% annually for the first
ten Policy Years and 0.25% annually thereafter, (b) a monthly Tax Charge of
0.40% annually for the first ten Policy Years and 0.0% thereafter, (c) an
annual Records Maintenance Charge of $30.00 per year, and (d) monthly charges
for insurance protection. However, no Records Maintenance Charge is deducted in
any year in which the Policy Value exceeds $50,000 on the prior Policy
Anniversary. The current cost of insurance charge for Individual Policies,
Standard class (NS) is (a) 0.55% annually of Cash Value for the first ten
Policy Years and 0.25% thereafter or (b) the guaranteed cost of insurance
charge. The current cost of insurance charge for Survivorship Policies,
Standard class (NS) is (a) 0.45% annually of Cash Value for the first ten
Policy Years and 0.20% thereafter or (b) the guaranteed cost of insurance
charge. For each hypothetical gross investment rate of return, tables are
provided reflecting current and guaranteed cost of insurance charges.
Hypothetical gross average investment rates of return of 0%, 6% and 12%
correspond to the following approximate net annual investment rate of return of
- -x.xx%, x.xx% and xx.xx%, respectively. Cost of insurance rates vary by age,
sex and rating class and, therefore, are not reflected in the approximate net
annual investment rate of return above.
The values shown are for Policies issued to preferred nonsmoker
Insureds. Values for Policies issued on a basis involving a higher mortality
risk would result in lower Cash Values, Surrender Values and Death Benefits
than those illustrated. Females generally have a more favorable rate structure
than males.
The tables also reflect the fact that no charges for Federal, state or
other income taxes are currently made against the Separate Account. If such a
charge is made in the future, it will take a higher gross rate of return than
illustrated to produce the net after-tax returns shown in the tables.
Upon request, KILICO will furnish an illustration based on the
proposed Insured's age, sex and premium payment requested.
1
2
INDIVIDUAL
MODIFIED SINGLE PREMIUM VARIABLE UNIVERSAL LIFE INSURANCE POLICY
MALE STANDARD NON-SMOKER [$10,000] INITIAL PREMIUM ISSUE AGE [40]
$XXXXX INITIAL SPECIFIED AMOUNT:
VALUES--CURRENT COST OF INSURANCE
0% Hypothetical 6% Hypothetical 12% Hypothetical
Gross Investment Return Gross Investment Return Gross Investment Return
----------------------------- ------------------------------ ------------------------------
Premium
Paid Plus
Policy Interest at Cash Surrender Death Cash Surrender Death Cash Surrender Death
Year 5% Value Value Benefit Value Value Benefit Value Value Benefit
- ---------- ----------- ----- --------- ------- ----- --------- ------- ----- --------- -------
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
25
30
35
40
45
ASSUMPTIONS:
2
3
(1) NO ADDITIONAL PREMIUMS PAID AND NO POLICY LOANS HAVE BEEN MADE.
(2) VALUES REFLECT CURRENT COST OF INSURANCE CHARGES.
(3) NET INVESTMENT RETURNS ARE CALCULATED AS THE HYPOTHETICAL GROSS
INVESTMENT RETURN LESS ALL CHARGES AND DEDUCTIONS SHOWN IN THE
PROSPECTUS APPENDIX.
(4) DEATH BENEFIT REFLECTS CURRENT INTERNAL REVENUE CODE REQUIREMENTS.
(5) ZERO VALUES INDICATE POLICY LAPSE IN ABSENCE OF AN ADDITIONAL
PREMIUM PAYMENT.
THE HYPOTHETICAL INVESTMENT RATES OF RETURN SHOWN ABOVE ARE ILLUSTRATIVE ONLY
AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE INVESTMENT RATES OF
RETURN. ACTUAL RATES OF RETURN MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL
DEPEND ON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY AN
OWNER AND ACTUAL EXPENSES. THE DEATH BENEFIT, CASH VALUE AND SURRENDER VALUE
FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL RATES OF RETURN
AVERAGED 0%, 6% AND 12% OVER A PERIOD OF YEARS BUT ALSO FLUCTUATED ABOVE OR
BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. NO REPRESENTATIONS CAN BE
MADE BY KEMPER INVESTORS LIFE INSURANCE COMPANY THAT THESE HYPOTHETICAL RATES
OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF
TIME.
3
4
INDIVIDUAL
MODIFIED SINGLE PREMIUM VARIABLE UNIVERSAL LIFE INSURANCE POLICY
MALE STANDARD NON-SMOKER [$10,000] INITIAL PREMIUM ISSUE AGE [40]
$XXXXX INITIAL SPECIFIED AMOUNT:
VALUES--GUARANTEED COST OF INSURANCE
0% Hypothetical 6% Hypothetical 12% Hypothetical
Gross Investment Return Gross Investment Return Gross Investment Return
----------------------------- ------------------------------ ------------------------------
Premium
Paid Plus
Policy Interest at Cash Surrender Death Cash Surrender Death Cash Surrender Death
Year 5% Value Value Benefit Value Value Benefit Value Value Benefit
- ---------- ----------- ----- --------- ------- ----- --------- ------- ----- --------- -------
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
25
30
35
40
45
ASSUMPTIONS:
4
5
(1) NO ADDITIONAL PREMIUMS PAID AND NO POLICY LOANS HAVE BEEN MADE.
(2) VALUES REFLECT GUARANTEED COST OF INSURANCE CHARGES.
(3) NET INVESTMENT RETURNS ARE CALCULATED AS THE HYPOTHETICAL GROSS
INVESTMENT RETURN LESS ALL CHARGES AND DEDUCTIONS SHOWN IN THE
PROSPECTUS APPENDIX.
(4) DEATH BENEFIT REFLECTS CURRENT INTERNAL REVENUE CODE REQUIREMENTS.
(5) ZERO VALUES INDICATE POLICY LAPSE IN ABSENCE OF AN ADDITIONAL
PREMIUM PAYMENT.
THE HYPOTHETICAL INVESTMENT RATES OF RETURN SHOWN ABOVE ARE ILLUSTRATIVE ONLY
AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE INVESTMENT RATES OF
RETURN. ACTUAL RATES OF RETURN MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL
DEPEND ON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY AN
OWNER AND ACTUAL EXPENSES. THE DEATH BENEFIT, CASH VALUE AND SURRENDER VALUE
FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL RATES OF RETURN
AVERAGED 0%, 6% AND 12% OVER A PERIOD OF YEARS BUT ALSO FLUCTUATED ABOVE OR
BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. NO REPRESENTATIONS CAN BE
MADE BY KEMPER INVESTORS LIFE INSURANCE COMPANY THAT THESE HYPOTHETICAL RATES
OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF
TIME.
5
6
SURVIVORSHIP
MODIFIED SINGLE PREMIUM VARIABLE UNIVERSAL LIFE INSURANCE POLICY
MALE STANDARD NON-SMOKER ISSUE AGE [45]
FEMALE STANDARD NON-SMOKER ISSUE AGE [40]
[$10,000] INITIAL PREMIUM
$XXXXX INITIAL SPECIFIED AMOUNT:
VALUES--CURRENT COST OF INSURANCE
0% Hypothetical 6% Hypothetical 12% Hypothetical
Gross Investment Return Gross Investment Return Gross Investment Return
----------------------------- ------------------------------ ------------------------------
Premium
Paid Plus
Policy Interest at Cash Surrender Death Cash Surrender Death Cash Surrender Death
Year 5% Value Value Benefit Value Value Benefit Value Value Benefit
- ---------- ----------- ----- --------- ------- ----- --------- ------- ----- --------- -------
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
25
30
35
40
45
6
7
ASSUMPTIONS:
(1) NO ADDITIONAL PREMIUMS PAID AND NO POLICY LOANS HAVE BEEN MADE.
(2) VALUES REFLECT CURRENT COST OF INSURANCE CHARGES.
(3) NET INVESTMENT RETURNS ARE CALCULATED AS THE HYPOTHETICAL GROSS
INVESTMENT RETURN LESS ALL CHARGES AND DEDUCTIONS SHOWN IN THE
PROSPECTUS APPENDIX.
(4) DEATH BENEFIT REFLECTS CURRENT INTERNAL REVENUE CODE REQUIREMENTS.
(5) ZERO VALUES INDICATE POLICY LAPSE IN ABSENCE OF AN ADDITIONAL
PREMIUM PAYMENT.
THE HYPOTHETICAL INVESTMENT RATES OF RETURN SHOWN ABOVE ARE ILLUSTRATIVE ONLY
AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE INVESTMENT RATES OF
RETURN. ACTUAL RATES OF RETURN MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL
DEPEND ON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY AN
OWNER AND ACTUAL EXPENSES. THE DEATH BENEFIT, CASH VALUE AND SURRENDER VALUE
FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL RATES OF RETURN
AVERAGED 0%, 6% AND 12% OVER A PERIOD OF YEARS BUT ALSO FLUCTUATED ABOVE OR
BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. NO REPRESENTATIONS CAN BE
MADE BY KEMPER INVESTORS LIFE INSURANCE COMPANY THAT THESE HYPOTHETICAL RATES
OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF
TIME.
7
8
SURVIVORSHIP
MODIFIED SINGLE PREMIUM VARIABLE UNIVERSAL LIFE INSURANCE POLICY
MALE STANDARD NON-SMOKER ISSUE AGE [45]
FEMALE STANDARD NON-SMOKER ISSUE AGE [40]
[$10,000] INITIAL PREMIUM
$XXXXX INITIAL SPECIFIED AMOUNT:
VALUES--GUARANTEED COST OF INSURANCE
0% Hypothetical 6% Hypothetical 12% Hypothetical
Gross Investment Return Gross Investment Return Gross Investment Return
----------------------------- ------------------------------ ------------------------------
Premium
Paid Plus
Policy Interest at Cash Surrender Death Cash Surrender Death Cash Surrender Death
Year 5% Value Value Benefit Value Value Benefit Value Value Benefit
- ---------- ----------- ----- --------- ------- ----- --------- ------- ----- --------- -------
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
25
30
35
40
45
8
9
ASSUMPTIONS:
(1) NO ADDITIONAL PREMIUMS PAID AND NO POLICY LOANS HAVE BEEN MADE.
(2) VALUES REFLECT GUARANTEED COST OF INSURANCE CHARGES.
(3) NET INVESTMENT RETURNS ARE CALCULATED AS THE HYPOTHETICAL GROSS
INVESTMENT RETURN LESS ALL CHARGES AND DEDUCTIONS SHOWN IN THE
PROSPECTUS APPENDIX.
(4) DEATH BENEFIT REFLECTS CURRENT INTERNAL REVENUE CODE REQUIREMENTS.
(5) ZERO VALUES INDICATE POLICY LAPSE IN ABSENCE OF AN ADDITIONAL
PREMIUM PAYMENT.
THE HYPOTHETICAL INVESTMENT RATES OF RETURN SHOWN ABOVE ARE ILLUSTRATIVE ONLY
AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE INVESTMENT RATES OF
RETURN. ACTUAL RATES OF RETURN MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL
DEPEND ON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY AN
OWNER AND ACTUAL EXPENSES. THE DEATH BENEFIT, CASH VALUE AND SURRENDER VALUE
FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL RATES OF RETURN
AVERAGED 0%, 6% AND 12% OVER A PERIOD OF YEARS BUT ALSO FLUCTUATED ABOVE OR
BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. NO REPRESENTATIONS CAN BE
MADE BY KEMPER INVESTORS LIFE INSURANCE COMPANY THAT THESE HYPOTHETICAL RATES
OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF
TIME.
9
10
ILLUSTRATIONS OF CASH VALUES,
SURRENDER VALUES, AND DEATH BENEFITS
(Destination Life Plus)
The tables in this Illustration have been prepared to help show how
values under Individual and Survivorship Policies change with investment
experience. The tables illustrate how Cash Values, Surrender Values (reflecting
the deduction of Withdrawal Charges, if any) and Death Benefits under a Policy
issued on an Insured or Insureds of a given age would vary over time, if the
hypothetical gross investment rates of return were a uniform, after tax, annual
rate of 0%, 6%, and 12%. If the hypothetical gross investment rate of return
averages 0%, 6%, or 12%, but fluctuates over or under those averages throughout
the years, the Cash Values, Surrender Values and Death Benefits may be
different.
The amounts shown for the Cash Value, Surrender Value and Death
Benefit as of each Policy Anniversary reflect the fact that the net investment
return on the assets held in the Subaccounts is lower than the gross return.
This is because of a daily charge to the Subaccounts for assuming mortality and
expense risks, which is equivalent to an effective annual charge of 0.90%. In
addition, the net investment returns also reflect the deduction of the
Portfolio investment advisory fees and other Portfolio expenses (0.xx%, the
average of the actual and estimated fees and expenses including any caps or
reimbursements). The tables also reflect applicable charges and deductions
including (a) a monthly Administration Charge of 0.35% annually for the first
ten Policy Years and 0.25% annually thereafter, (b) a monthly Tax Charge of
0.40% annually for the first ten Policy Years and 0.0% thereafter, (c) an
annual Records Maintenance Charge of $30.00 per year, and (d) monthly charges
for insurance protection. However, no Records Maintenance Charge is deducted in
any year in which the Policy Value exceeds $50,000 on the prior Policy
Anniversary. The current cost of insurance charge for Individual Policies,
Standard class (NS) is (a) 0.25% annually of Cash Value for the first ten
Policy Years and 0.10% thereafter or (b) the guaranteed cost of insurance
charge. The current cost of insurance charge for Survivorship Policies,
Standard class (NS) is (a) 0.20% annually of Cash Value for the first ten
Policy Years and 0.10% thereafter or (b) the guaranteed cost of insurance
charge. For each hypothetical gross investment rate of return, tables are
provided reflecting current and guaranteed cost of insurance charges.
Hypothetical gross average investment rates of return of 0%, 6% and 12%
correspond to the following approximate net annual investment rate of return of
- -x.xx%, x.xx% and xx.xx%, respectively. Cost of insurance rates vary by age,
sex and rating class and, therefore, are not reflected in the approximate net
annual investment rate of return above.
The values shown are for Policies issued to preferred nonsmoker
Insureds. Values for Policies issued on a basis involving a higher mortality
risk would result in lower Cash Values, Surrender Values and Death Benefits
than those illustrated. Females generally have a more favorable rate structure
than males.
The tables also reflect the fact that no charges for Federal, state or
other income taxes are currently made against the Separate Account. If such a
charge is made in the future, it will take a higher gross rate of return than
illustrated to produce the net after-tax returns shown in the tables.
Upon request, KILICO will furnish an illustration based on the
proposed Insured's age, sex and Premium payment requested.
10
11
INDIVIDUAL
MODIFIED SINGLE PREMIUM VARIABLE UNIVERSAL LIFE INSURANCE POLICY
MALE STANDARD NON-SMOKER $[300,000] INITIAL PREMIUM ISSUE AGE [40]
$XXXXX INITIAL SPECIFIED AMOUNT:
VALUES--CURRENT COST OF INSURANCE
0% Hypothetical 6% Hypothetical 12% Hypothetical
Gross Investment Return Gross Investment Return Gross Investment Return
----------------------------- ------------------------------ ------------------------------
Premium
Paid Plus
Policy Interest at Cash Surrender Death Cash Surrender Death Cash Surrender Death
Year 5% Value Value Benefit Value Value Benefit Value Value Benefit
- ---------- ----------- ----- --------- ------- ----- --------- ------- ----- --------- -------
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
25
30
35
40
45
ASSUMPTIONS:
11
12
(1) NO ADDITIONAL PREMIUMS PAID AND NO POLICY LOANS HAVE BEEN MADE.
(2) VALUES REFLECT CURRENT COST OF INSURANCE CHARGES.
(3) NET INVESTMENT RETURNS ARE CALCULATED AS THE HYPOTHETICAL GROSS
INVESTMENT RETURN LESS ALL CHARGES AND DEDUCTIONS SHOWN IN THE
PROSPECTUS APPENDIX.
(4) DEATH BENEFIT REFLECTS CURRENT INTERNAL REVENUE CODE REQUIREMENTS.
(5) ZERO VALUES INDICATE POLICY LAPSE IN ABSENCE OF AN ADDITIONAL
PREMIUM PAYMENT.
THE HYPOTHETICAL INVESTMENT RATES OF RETURN SHOWN ABOVE ARE ILLUSTRATIVE ONLY
AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE INVESTMENT RATES OF
RETURN. ACTUAL RATES OF RETURN MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL
DEPEND ON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY AN
OWNER AND ACTUAL EXPENSES. THE DEATH BENEFIT, CASH VALUE AND SURRENDER VALUE
FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL RATES OF RETURN
AVERAGED 0%, 6% AND 12% OVER A PERIOD OF YEARS BUT ALSO FLUCTUATED ABOVE OR
BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. NO REPRESENTATIONS CAN BE
MADE BY KEMPER INVESTORS LIFE INSURANCE COMPANY THAT THESE HYPOTHETICAL RATES
OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF
TIME.
12
13
INDIVIDUAL
MODIFIED SINGLE PREMIUM VARIABLE UNIVERSAL LIFE INSURANCE POLICY
MALE STANDARD NON-SMOKER [$300,000] INITIAL PREMIUM ISSUE AGE [40]
$XXXXX INITIAL SPECIFIED AMOUNT:
VALUES--GUARANTEED COST OF INSURANCE
0% Hypothetical 6% Hypothetical 12% Hypothetical
Gross Investment Return Gross Investment Return Gross Investment Return
----------------------------- ------------------------------ ------------------------------
Premium
Paid Plus
Policy Interest at Cash Surrender Death Cash Surrender Death Cash Surrender Death
Year 5% Value Value Benefit Value Value Benefit Value Value Benefit
- ---------- ----------- ----- --------- ------- ----- --------- ------- ----- --------- -------
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
25
30
35
40
45
ASSUMPTIONS:
13
14
(1) NO ADDITIONAL PREMIUMS PAID AND NO POLICY LOANS HAVE BEEN MADE.
(2) VALUES REFLECT GUARANTEED COST OF INSURANCE CHARGES.
(3) NET INVESTMENT RETURNS ARE CALCULATED AS THE HYPOTHETICAL GROSS
INVESTMENT RETURN LESS ALL CHARGES AND DEDUCTIONS SHOWN IN THE
PROSPECTUS APPENDIX.
(4) DEATH BENEFIT REFLECTS CURRENT INTERNAL REVENUE CODE REQUIREMENTS.
(5) ZERO VALUES INDICATE POLICY LAPSE IN ABSENCE OF AN ADDITIONAL
PREMIUM PAYMENT.
THE HYPOTHETICAL INVESTMENT RATES OF RETURN SHOWN ABOVE ARE ILLUSTRATIVE ONLY
AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE INVESTMENT RATES OF
RETURN. ACTUAL RATES OF RETURN MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL
DEPEND ON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY AN
OWNER AND ACTUAL EXPENSES. THE DEATH BENEFIT, CASH VALUE AND SURRENDER VALUE
FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL RATES OF RETURN
AVERAGED 0%, 6% AND 12% OVER A PERIOD OF YEARS BUT ALSO FLUCTUATED ABOVE OR
BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. NO REPRESENTATIONS CAN BE
MADE BY KEMPER INVESTORS LIFE INSURANCE COMPANY THAT THESE HYPOTHETICAL RATES
OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF
TIME.
14
15
SURVIVORSHIP
MODIFIED SINGLE PREMIUM VARIABLE UNIVERSAL LIFE INSURANCE POLICY
MALE STANDARD NON-SMOKER ISSUE AGE [45]
FEMALE STANDARD NON-SMOKER ISSUE AGE [40]
[$300,000] INITIAL PREMIUM
$XXXXX INITIAL SPECIFIED AMOUNT:
VALUES--CURRENT COST OF INSURANCE
0% Hypothetical 6% Hypothetical 12% Hypothetical
Gross Investment Return Gross Investment Return Gross Investment Return
----------------------------- ------------------------------ ------------------------------
Premium
Paid Plus
Policy Interest at Cash Surrender Death Cash Surrender Death Cash Surrender Death
Year 5% Value Value Benefit Value Value Benefit Value Value Benefit
- ---------- ----------- ----- --------- ------- ----- --------- ------- ----- --------- -------
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
25
30
35
40
45
15
16
ASSUMPTIONS:
(1) NO ADDITIONAL PREMIUMS PAID AND NO POLICY LOANS HAVE BEEN MADE.
(2) VALUES REFLECT CURRENT COST OF INSURANCE CHARGES.
(3) NET INVESTMENT RETURNS ARE CALCULATED AS THE HYPOTHETICAL GROSS
INVESTMENT RETURN LESS ALL CHARGES AND DEDUCTIONS SHOWN IN THE
PROSPECTUS APPENDIX.
(4) DEATH BENEFIT REFLECTS CURRENT INTERNAL REVENUE CODE REQUIREMENTS.
(5) ZERO VALUES INDICATE POLICY LAPSE IN ABSENCE OF AN ADDITIONAL
PREMIUM PAYMENT.
THE HYPOTHETICAL INVESTMENT RATES OF RETURN SHOWN ABOVE ARE ILLUSTRATIVE ONLY
AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE INVESTMENT RATES OF
RETURN. ACTUAL RATES OF RETURN MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL
DEPEND ON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY AN
OWNER AND ACTUAL EXPENSES. THE DEATH BENEFIT, CASH VALUE AND SURRENDER VALUE
FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL RATES OF RETURN
AVERAGED 0%, 6% AND 12% OVER A PERIOD OF YEARS BUT ALSO FLUCTUATED ABOVE OR
BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. NO REPRESENTATIONS CAN BE
MADE BY KEMPER INVESTORS LIFE INSURANCE COMPANY THAT THESE HYPOTHETICAL RATES
OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF
TIME.
16
17
SURVIVORSHIP
MODIFIED SINGLE PREMIUM VARIABLE UNIVERSAL LIFE INSURANCE POLICY
MALE STANDARD NON-SMOKER ISSUE AGE [45]
FEMALE STANDARD NON-SMOKER ISSUE AGE [40]
[$300,000] INITIAL PREMIUM
$XXXXX INITIAL SPECIFIED AMOUNT:
VALUES--GUARANTEED COST OF INSURANCE
0% Hypothetical 6% Hypothetical 12% Hypothetical
Gross Investment Return Gross Investment Return Gross Investment Return
----------------------------- ------------------------------ ------------------------------
Premium
Paid Plus
Policy Interest at Cash Surrender Death Cash Surrender Death Cash Surrender Death
Year 5% Value Value Benefit Value Value Benefit Value Value Benefit
- ---------- ----------- ----- --------- ------- ----- --------- ------- ----- --------- -------
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
25
30
35
40
45
17
18
ASSUMPTIONS:
(1) NO ADDITIONAL PREMIUMS PAID AND NO POLICY LOANS HAVE BEEN MADE.
(2) VALUES REFLECT GUARANTEED COST OF INSURANCE CHARGES.
(3) NET INVESTMENT RETURNS ARE CALCULATED AS THE HYPOTHETICAL GROSS
INVESTMENT RETURN LESS ALL CHARGES AND DEDUCTIONS SHOWN IN THE
PROSPECTUS APPENDIX.
(4) DEATH BENEFIT REFLECTS CURRENT INTERNAL REVENUE CODE REQUIREMENTS.
(5) ZERO VALUES INDICATE POLICY LAPSE IN ABSENCE OF AN ADDITIONAL
PREMIUM PAYMENT.
THE HYPOTHETICAL INVESTMENT RATES OF RETURN SHOWN ABOVE ARE ILLUSTRATIVE ONLY
AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE INVESTMENT RATES OF
RETURN. ACTUAL RATES OF RETURN MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL
DEPEND ON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY AN
OWNER AND ACTUAL EXPENSES. THE DEATH BENEFIT, CASH VALUE AND SURRENDER VALUE
FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL RATES OF RETURN
AVERAGED 0%, 6% AND 12% OVER A PERIOD OF YEARS BUT ALSO FLUCTUATED ABOVE OR
BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. NO REPRESENTATIONS CAN BE
MADE BY KEMPER INVESTORS LIFE INSURANCE COMPANY THAT THESE HYPOTHETICAL RATES
OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF
TIME.
18