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GENESIS

GENESIS. UNIVERSAL LIFE. GENESIS. The Investment of Your Life. Types of Coverage  Individual Coverage  Joint Insurance 2 lives - 1st death, last to die and last-to-die paid up on first death 3-5 lives 1st death and last to die. Types of Coverage  Multiple Insureds Coverage

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GENESIS

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  1. GENESIS UNIVERSAL LIFE

  2. GENESIS The Investment of Your Life

  3. Types of Coverage •  Individual Coverage •  Joint Insurance • 2 lives - 1st death, last to die • and last-to-die paid up on first death • 3-5 lives 1st death and last to die

  4. Types of Coverage • Multiple Insureds Coverage • Up to 9 lives, including the principal insured • Possibility of more than one applicant • Accumulation fund paid to applicant or beneficiary according to proportion indicated in the application

  5. Issue Ages Basic U.L. - 0-85 Options 10 - 0-80 15 - 0-70 20 - 0-60

  6. Minimum Face Amount - $10,000 for all options - Lowest in Industry

  7. Rate Bands Band 1 $10,000 - $49,999 2 $50,000 - $99,999 3 $100,000 - 199,999 4 $200,000 - 499,999 Bands 4,5, & 6 5 $500,000 - 999,999 eligible for preferred rates 6 $1,000,000 +

  8. Premium Payment Choices • Monthly • Annual

  9. Policy Fees Individual Joint Multiple 1st Insured $ 60 $ 90 $ 120 Additional Insured $ 30 $ 30* 0 3rd Insured + 0 0 0 Maximum Policy Fees $ 90 $ 120 $ 120 * No additional fees if the insured is one of the spouses.

  10. Death Benefit Choices • Face Amount Only • Face Amount + Fund • Face Amount + Fund with Wealth Maximizer Option • Wealth Maximizer • Plus 2 new choices!!

  11. Face Amount + Guaranteed ROP • Death Benefit = Face Amount +Higher of: • a) Fund Value • b) All Deposits Paid • Available at Issue Only • All COI types

  12. Face Amount + Fund + ACB • Death Benefit = Face + Fund + ACB • Corporate Cases Only • Available at Issue Only • All COI Types

  13. Cost of Insurance Types • YRT • Level • Level with Guaranteed paid-up-option • YRT to Level • YRT to Level with Guaranteed Paid-up-option

  14. Change from YRT to • Level/Quick Pay • Available after 3 years • Rate then in effect based on attained age • No underwriting, same risk class • Can select to get a reminder in the application (not binding) New Benefit!!

  15. Unique 10-15-20 Options • Fully guaranteed paid-up insurance • option after 10,15, or 20 years • Guaranteed Surrender Values • Not dependent on Investment Performance

  16. Interest Bonus • Bonus Option (3 choices) • 1) No Bonus • MERS reduced by 1.2% for all accounts • 2) Guaranteed Bonus • 1.2 on all accounts • 3) Performance Bonus • 2% this year if last year’s average return > 5% • Option must be chosen at issue • Paid from end of first contract year and at end of each subsequent year

  17. Surrender Charges • Level COI • No Surrender Charges on: • Level COI • Options 10/15/20

  18. Surrender Charges • YRT COI • Low Charge Schedule • Face • Face + Fund • Service Charge for 7 years • % of cumulative minimum premium

  19. Surrender Charges • YRT COI • High Charge Schedule • Maximize tax room • Face + Fund (Wealth Max. Option) • Face + ACB • Face + ROP • Service Charge for 7 years • % of cumulative minimum premium

  20. Disability Benefit • Contractual right • Up to 100% of the surrender value in case of disability • Non-Taxable Benefit

  21. Additional Benefits • T10 and T20 (R+C) • Critical Illness T10 • Critical Illness T-75 • Child Critical Illness • Supplementary Income (SI) • Child Module

  22. Additional Benefits • AD • AD+D • AF • GI • CID • CAD • CADE

  23. Investment Options • Guaranteed Interest Accounts • 5 year average account • Fixed-term accounts (1,2,3,4,5, +10 years)

  24. Guaranteed Interest Accounts Available TermsMinimum Interest Rate 1 year, 2 year, 3 year 0% 4 years 1% 5 years 2% 10 years 3%

  25. Market Indices • Money Market Global Stocks • Bonds  European Stocks • Global Bonds  U.S. Stocks • Canadian Stocks  U.S. Stocks (DAQ) • International Stocks

  26. Diversified Strategy Prudent Account Moderate Account Balanced Account Growth Account Aggressive Account

  27. Active Management • Canadian Bonds (IA) Diversified Growth (IA) • Diversified (IA) Canadian Stocks (IA) • Diversified (Fidelity) Canadian Stocks (Bissett) • Diversified Income(IA) Canadian Stocks (Fidelity)

  28. Active Management Canadian Stocks (Dynamic) Global Stocks (New Star) Canadian Stocks (Fidelity) NorthStar (Fidelity) Small Cap Canadian Stocks (Leon Frazer) Boomernomics (CI) Global Stocks (Templeton) International Stocks (Templeton)

  29. Active Management European Stocks (Fidelity) Asian Stocks (Rothschild) European Stocks (Rothschild) Emerging Markets (Temp) U.S. Stocks (McLean Budden) Global Fin. Services (CI) U.S. Stocks (Legg Mason) Global Health Care (Talvest)

  30. Premium Changes • Lower premiums for children • Rates: Decrease of 10% to 16% • More competitive for family cases • Decrease in Level COI band 2 • $50k to $99k: average of 5% • More competitive for small insurance need

  31. Premium Changes • Option 10-15-20 • Average increase of 3 to 5% • Still competitive • JFTD • Increase in ESA: +1 or +2 (à valider) • Still competitive

  32. U.L. Availability Prior to Feb. 27, 2006 Meridia New U.L. Product Genesis Flex Account

  33. PRODUCT OVERVIEW U.L. Availability After Feb. 27, 2006 Meridia Flex Account NEW UL Product ... GENESIS UL

  34. Compensation 1st year2nd year3 to 56 to 1011 years Min. Premium 70% Level 5% 5% 3% 75% YRT 5% 5% 3% — Excess Premiums 12% 3% 3% 3% 3% Shuttle Acct. 1.2% — — — — Accumulation Fund — — — 0.2% 0.2% 10-15-20 options 12% 3% 3% 3% — Plus CPB

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