Ind Life Persistency Update

Document Sample
Ind Life Persistency Update Powered By Docstoc
					                        U.S. Individual Life Persistency
                   A Joint Study Sponsored by LIMRA International
                             and the Society of Actuaries

                                    Lapse Experience Detail
                                 For Experience Period 2004-2005




                                               Cathy Ho
                                  LIMRA International, Product Research
                                             860-285-7794
                                              cho@limra.com

                                             Nancy Muise
                                  LIMRA International, Product Research
                                             860-285-7892
                                            nmuise@limra.com

For data contained in this spreadsheet as well as the full report, the reader should keep in mind that not
all participating companies were able to provide all the data factors requested . Therefore, for some
factors examined, the total lapse rate will not equal the total lapse rate for the product line.
Total Individual Life Insurance Lapse Experience (Experience Period 2004-2005)



       Total Individual Life Insurance             Total Individual Life Insurance
              Policy Lapse Rates                      Face Amount Lapse Rates

        Policy     Lapse      Exposure                Policy   Lapse     Exposure
         Year       Rate     Distribution              Year     Rate    Distribution
           1        8.3          4.5%                     1      5.0       12.1%
           2        7.8          4.5%                     2      5.7       11.7%
           3        6.3          4.5%                     3      5.1       10.9%
           4        5.7          4.0%                     4      5.2        8.9%
           5        5.4          3.5%                     5      5.5        7.1%
           6        4.8          3.9%                     6      4.7        8.2%
           7        4.7          3.3%                     7      5.0        5.7%
           8        4.6          3.0%                     8      5.1        4.6%
           9        4.6          2.8%                     9      5.3        3.6%
           10       5.7          2.7%                    10      7.6        3.0%
           11       6.1          2.6%                    11      8.5        2.6%
           12       4.4          2.8%                    12      5.7        2.5%
           13       4.2          2.8%                    13      5.1        2.3%
           14       4.0          2.8%                    14      4.9        2.2%
           15       4.0          2.9%                    15      4.9        2.1%
           16       4.0          2.8%                    16      4.9        2.0%
           17       3.5          2.8%                    17      4.0        1.8%
           18       3.4          2.7%                    18      3.7        1.6%
           19       3.4          2.7%                    19      3.6        1.5%
           20       3.6          2.6%                    20      3.7        1.3%
           21       3.8          2.5%                    21      4.1        1.1%
           22       3.5          2.2%                    22      3.9        0.8%
           23       3.4          1.6%                    23      3.5        0.5%
           24       3.5          1.2%                    24      3.6        0.3%
           25       3.5          1.1%                    25      3.6        0.2%
         26-29      3.4          4.3%                  26-29     3.2        0.5%
          30+       2.6         23.0%                   30+      2.5        1.1%

         Total      4.3         100.0%                 Total    5.2       100.0%
Whole Life Insurance Lapse Experience (Experience Period 2004-2005)



             Whole Life Insurance                   Whole Life Insurance


                  Policy Lapse Rates               Face Amount Lapse Rates




         Policy      Lapse     Exposure        Policy    Lapse     Exposure
          Year        Rate    Distribution      Year      Rate    Distribution
             1        11.6        2.0%             1       7.3        6.0%
             2         9.9        2.0%             2       7.2        6.8%
             3         6.7        2.1%             3       5.1        5.9%
             4         5.1        1.8%             4       4.2        4.0%
             5         4.6        1.5%             5       4.5        3.0%
             6         4.3        1.5%             6       4.3        3.0%
             7         4.0        1.6%             7       4.4        2.9%
             8         3.9        1.6%             8       4.1        3.3%
             9         3.7        1.7%             9       4.2        3.3%
            10         3.6        1.9%            10       4.1        3.8%
            11         3.7        2.0%            11       4.5        3.9%
            12         3.4        2.4%            12       4.2        4.8%
            13         3.5        2.5%            13       4.2        5.0%
            14         3.4        2.7%            14       3.9        5.0%
            15         3.4        2.8%            15       3.8        4.8%
            16         3.1        2.7%            16       3.2        4.6%
            17         2.9        2.8%            17       2.8        4.4%
            18         2.9        2.6%            18       2.7        3.9%
            19         2.9        2.3%            19       2.5        3.0%
            20         3.1        2.2%            20       3.0        2.2%
            21         3.2        2.5%            21       3.3        2.2%
            22         3.2        2.6%            22       3.3        2.1%
            23         3.1        2.2%            23       2.9        1.5%
            24         3.2        2.0%            24       2.9        1.1%
            25         3.2        1.8%            25       2.8        0.9%
          26-29        3.2        7.1%          26-29      2.8        2.6%
           30+         2.5       39.1%           30+       2.3        5.9%

          Total        3.4       100.0%         Total     4.1         100.0%
By Policy Size
       Whole Life Insurance               Whole Life Insurance


  Policy Lapse Rate by Policy Size    Policy Lapse Rate by Policy Size

    Face Amt under $5,000              Face Amt $5,000-24,999

 Policy    Lapse        Exposure      Policy    Lapse      Exposure
  Year      Rate       Distribution    Year      Rate     Distribution
     1      13.1           0.0%           1      14.4         0.9%
     2       8.9           0.0%           2       9.9         0.8%
     3       6.4           0.0%           3       8.2         1.3%
     4       3.4           0.1%           4       5.7         1.3%
     5       4.6           0.1%           5       4.8         1.2%
     6       4.3           0.1%           6       4.3         1.2%
     7       6.7           0.1%           7       3.9         1.3%
     8       7.4           0.1%           8       3.8         1.4%
     9       8.7           0.1%           9       3.7         1.4%
    10       7.7           0.1%          10       3.4         1.6%
    11       7.7           0.1%          11       3.5         1.6%
    12       7.2           0.1%          12       3.3         1.7%
    13       8.2           0.1%          13       3.4         1.9%
    14       9.1           0.1%          14       3.4         2.1%
    15       9.5           0.1%          15       3.3         2.3%
    16       9.1           0.1%          16       3.3         2.4%
    17       8.4           0.1%          17       3.2         2.5%
    18       9.0           0.1%          18       3.2         2.3%
    19       8.7           0.1%          19       3.2         2.3%
    20       7.5           0.1%          20       3.3         2.4%
    21       6.4           0.2%          21       3.4         2.7%
    22       4.6           0.5%          22       3.2         3.0%
    23       4.1           0.6%          23       3.2         2.8%
    24       5.2           0.5%          24       3.3         2.9%
    25       4.8           0.6%          25       3.3         2.9%
  26-29      4.1           4.9%        26-29      3.1        11.2%
   30+       2.7          90.9%         30+       2.3        40.8%

  Total      2.9         100.0%        Total      3.2        100.0%
    Whole Life Insurance               Whole Life Insurance                Whole Life Insu


Policy Lapse Rate by Policy Size   Policy Lapse Rate by Policy Size    Policy Lapse Rate by P

 Face Amt $25,000-49,999           Face Amt $50,000-99,999            Face Amt $100,000-19

Policy    Lapse      Exposure      Policy    Lapse      Exposure      Policy
 Year      Rate     Distribution    Year      Rate     Distribution    Year
    1      14.5         3.9%           1      11.0         3.6%           1
    2      14.4         3.9%           2       8.7         4.1%           2
    3       6.7         3.0%           3       6.4         4.7%           3
    4       5.2         2.9%           4       5.3         4.3%           4
    5       4.5         2.7%           5       4.6         3.4%           5
    6       4.4         2.8%           6       4.4         3.1%           6
    7       4.1         2.7%           7       3.8         3.0%           7
    8       3.9         2.8%           8       3.8         3.0%           8
    9       3.7         2.9%           9       3.6         3.1%           9
   10       3.5         3.2%          10       3.7         3.5%          10
   11       3.6         3.4%          11       3.7         3.7%          11
   12       3.3         4.0%          12       3.4         4.9%          12
   13       3.4         4.5%          13       3.4         4.6%          13
   14       3.3         4.7%          14       3.4         4.8%          14
   15       3.1         4.8%          15       3.1         5.1%          15
   16       2.9         4.4%          16       3.0         4.5%          16
   17       2.8         4.4%          17       2.6         5.3%          17
   18       2.8         3.9%          18       2.6         5.8%          18
   19       2.6         3.9%          19       2.5         4.4%          19
   20       2.8         3.9%          20       2.7         3.7%          20
   21       2.9         4.6%          21       3.0         3.9%          21
   22       3.2         4.3%          22       2.9         3.6%          22
   23       2.6         3.3%          23       2.6         2.3%          23
   24       2.7         2.5%          24       2.5         1.4%          24
   25       2.6         1.7%          25       2.4         1.0%          25
 26-29      2.5         4.5%        26-29      2.3         2.5%        26-29
  30+       2.0         6.3%         30+       1.9         2.9%         30+

 Total      4.2        100.0%       Total      3.9        100.0%       Total
    Whole Life Insurance                Whole Life Insurance                Whole Life Insurance


Policy Lapse Rate by Policy Size    Policy Lapse Rate by Policy Size    Policy Lapse Rate by Policy Size

Face Amt $100,000-199,999           Face Amt $200,000-499,999          Face Amt $500,000 and over

          Lapse       Exposure      Policy    Lapse      Exposure      Policy    Lapse
           Rate      Distribution    Year      Rate     Distribution    Year      Rate
            9.1          5.1%          1        6.6         8.8%          1        5.0
            8.1          5.4%          2        6.9        10.3%          2        5.9
            5.7          4.7%          3        5.2         8.1%          3        4.3
            4.5          3.5%          4        3.9         4.6%          4        3.3
            4.3          2.7%          5        4.2         3.1%          5        4.0
            4.2          2.8%          6        4.1         3.2%          6        4.0
            3.9          2.9%          7        3.8         3.1%          7        4.5
            3.6          3.2%          8        3.8         3.6%          8        3.9
            3.3          3.6%          9        3.7         3.9%          9        4.2
            3.4          4.1%         10        3.5         4.4%         10        4.4
            3.5          4.4%         11        3.9         4.4%         11        4.9
            3.4          5.6%         12        3.8         5.6%         12        4.8
            3.3          6.1%         13        3.8         5.7%         13        4.8
            3.1          6.3%         14        3.3         5.7%         14        4.0
            3.3          6.0%         15        4.2         5.2%         15        3.8
            2.7          6.2%         16        2.8         4.5%         16        3.2
            2.5          5.9%         17        2.6         4.1%         17        2.6
            2.3          4.9%         18        2.5         3.6%         18        2.5
            2.2          3.5%         19        2.5         2.6%         19        1.7
            2.5          2.7%         20        3.0         1.8%
            3.0          2.5%         21        3.3         1.5%
            3.2          2.3%         22        3.0         1.4%
            2.6          1.4%         23        3.1         0.8%
            2.7          0.9%
            2.4          0.7%
            2.2          1.4%
            2.0          1.2%

            3.8        100.0%        Total      4.3        100.0%       Total      4.3
                             By Gender
 hole Life Insurance              Whole Life Insurance               Whole Life Insurance


Lapse Rate by Policy Size         Policy Lapse Rate by Sex          Policy Lapse Rate by Sex

mt $500,000 and over                    Males                             Females

               Exposure       Policy    Lapse      Exposure      Policy   Lapse
              Distribution     Year      Rate     Distribution    Year     Rate
                  9.9%           1       10.8         1.8%           1     12.4
                 11.8%           2        9.4         1.9%           2     10.5
                  9.5%           3        6.6         1.9%           3      6.7
                  5.6%           4        5.1         1.6%           4      5.1
                  4.0%           5        4.6         1.4%           5      4.5
                  3.7%           6        4.4         1.4%           6      4.2
                  3.6%           7        4.2         1.4%           7      3.8
                  4.2%           8        4.1         1.5%           8      3.6
                  4.1%           9        3.9         1.6%           9      3.5
                  4.7%           10       3.8         1.8%          10      3.4
                  4.6%           11       3.9         1.9%          11      3.4
                  5.4%           12       3.6         2.2%          12      3.2
                  5.6%           13       3.6         2.4%          13      3.4
                  5.1%           14       3.5         2.5%          14      3.2
                  4.7%           15       3.6         2.6%          15      3.1
                  4.3%           16       3.3         2.6%          16      2.9
                  3.8%           17       3.1         2.6%          17      2.8
                  3.0%           18       3.0         2.5%          18      2.8
                  2.5%           19       3.0         2.2%          19      2.8
                                 20       3.2         2.1%          20      3.0
                                 21       3.3         2.4%          21      3.2
                                 22       3.3         2.5%          22      3.1
                                 23       3.1         2.1%          23      3.0
                                 24       3.3         1.9%          24      3.2
                                 25       3.3         1.7%          25      3.2
                               26-29      3.2         6.9%        26-29     3.2
                                30+       2.5        42.6%         30+      2.5

                100.0%         Total      3.4       100.0%        Total     3.5
hole Life Insurance            Whole Life Insurance             Whole Life Insurance


cy Lapse Rate by Sex       Face Amount Lapse Rate by Sex    Face Amount Lapse Rate by Sex

                                     Males                           Females

             Exposure      Policy   Lapse     Exposure      Policy   Lapse
            Distribution    Year     Rate    Distribution    Year     Rate
                2.2%           1      6.6        5.8%           1       8.4
                2.2%           2      6.8        6.7%           2       8.0
                2.3%           3      4.9        5.8%           3       5.4
                2.0%           4      4.1        3.9%           4       4.5
                1.7%           5      4.3        2.9%           5       4.7
                1.7%           6      4.2        2.8%           6       4.3
                1.7%           7      4.4        2.8%           7       4.5
                1.8%           8      4.1        3.2%           8       4.0
                1.9%           9      4.1        3.3%           9       4.2
                2.1%          10      4.1        3.7%          10       4.1
                2.2%          11      4.4        3.8%          11       4.6
                2.6%          12      4.2        4.7%          12       4.2
                2.7%          13      4.1        4.9%          13       4.2
                2.9%          14      4.0        4.8%          14       3.8
                3.0%          15      3.9        4.7%          15       3.7
                2.9%          16      3.2        4.5%          16       3.0
                2.9%          17      2.9        4.4%          17       2.7
                2.7%          18      2.7        3.9%          18       2.6
                2.5%          19      2.5        3.1%          19       2.4
                2.4%          20      3.0        2.3%          20       2.8
                2.6%          21      3.3        2.3%          21       3.1
                2.7%          22      3.3        2.2%          22       3.2
                2.4%          23      2.9        1.6%          23       3.0
                2.1%          24      2.9        1.2%          24       3.1
                1.9%          25      2.8        0.9%          25       3.0
                7.3%        26-29     2.7        2.8%        26-29      3.0
               34.7%         30+      2.2        7.2%         30+       2.5

               100.0%       Total     4.2      100.0%        Total     4.4
                                  By Issue Age
hole Life Insurance            Whole Life Insurance               Whole Life Insurance


mount Lapse Rate by Sex    Policy Lapse Rate by Issue Age      Policy Lapse Rate by Issue Age

                                    Under 20                             20-29

             Exposure      Policy    Lapse      Exposure      Policy    Lapse
            Distribution    Year      Rate     Distribution    Year      Rate
                6.4%           1      13.3         2.0%           1      13.8
                7.0%           2      11.4         2.0%           2      11.4
                6.1%           3       7.6         2.2%           3       7.9
                4.2%           4       5.1         2.1%           4       6.3
                3.3%           5       4.1         1.8%           5       5.5
                3.2%           6       3.8         1.8%           6       5.4
                3.2%           7       3.4         1.7%           7       5.0
                3.5%           8       3.3         1.7%           8       4.9
                3.5%           9       3.2         1.7%           9       4.7
                4.0%          10       3.0         1.8%          10       4.5
                4.2%          11       3.2         1.7%          11       4.5
                5.1%          12       3.0         2.0%          12       4.2
                5.3%          13       3.2         2.1%          13       4.2
                5.2%          14       3.3         2.2%          14       4.0
                4.9%          15       3.1         2.3%          15       3.7
                4.7%          16       3.3         2.2%          16       3.6
                4.5%          17       3.3         2.3%          17       3.3
                4.0%          18       3.4         2.1%          18       3.2
                3.0%          19       3.4         2.0%          19       3.0
                2.1%          20       3.9         1.9%          20       3.1
                2.1%          21       4.0         2.0%          21       3.2
                1.8%          22       4.2         2.0%          22       3.1
                1.3%          23       4.2         1.7%          23       2.9
                1.0%          24       4.4         1.7%          24       3.0
                0.8%          25       4.5         1.6%          25       2.9
                2.2%        26-29      4.4         6.3%        26-29      2.8
                3.7%         30+       2.8        45.4%         30+       2.3

               100.0%       Total     3.7        100.0%        Total      3.3
hole Life Insurance             Whole Life Insurance               Whole Life Insurance


Lapse Rate by Issue Age     Policy Lapse Rate by Issue Age     Policy Lapse Rate by Issue Age

                                      30-39                              40-49

             Exposure      Policy    Lapse      Exposure      Policy    Lapse
            Distribution    Year      Rate     Distribution    Year      Rate
                1.3%           1      10.6         1.9%           1       9.1
                1.4%           2       9.5         1.9%           2       8.3
                1.5%           3       6.3         1.8%           3       5.2
                1.4%           4       5.5         1.5%           4       4.6
                1.1%           5       5.3         1.2%           5       4.5
                1.0%           6       5.1         1.3%           6       4.5
                1.0%           7       4.8         1.4%           7       4.5
                1.0%           8       4.4         1.5%           8       3.9
                1.1%           9       4.2         1.7%           9       3.9
                1.2%          10       4.1         2.0%          10       3.6
                1.3%          11       4.1         2.1%          11       3.8
                1.6%          12       3.7         2.7%          12       3.5
                1.7%          13       3.7         2.8%          13       3.5
                1.8%          14       3.4         3.0%          14       3.3
                1.9%          15       3.5         3.1%          15       3.4
                1.8%          16       3.2         3.0%          16       3.0
                1.9%          17       2.8         3.1%          17       2.9
                1.8%          18       2.7         3.0%          18       2.7
                1.6%          19       2.7         2.6%          19       2.7
                1.7%          20       2.8         2.5%          20       2.7
                2.0%          21       3.0         2.9%          21       2.8
                2.2%          22       3.0         3.0%          22       2.9
                2.0%          23       2.8         2.5%          23       2.5
                1.8%          24       2.8         2.1%          24       2.5
                1.8%          25       2.7         2.0%          25       2.5
                8.1%        26-29      2.8         7.6%        26-29      2.2
               52.7%         30+       2.2        35.9%         30+       2.3

               100.0%       Total      3.2        100.0%       Total      3.3
hole Life Insurance              Whole Life Insurance               Whole Life Insurance


Lapse Rate by Issue Age      Policy Lapse Rate by Issue Age     Policy Lapse Rate by Issue Age

                                       50-59                              60-69

              Exposure      Policy    Lapse      Exposure      Policy    Lapse
             Distribution    Year      Rate     Distribution    Year      Rate
                 2.3%          1        9.3         3.1%           1       8.7
                 2.5%          2        7.8         3.2%           2       7.2
                 2.3%          3        5.0         3.0%           3       4.2
                 1.8%          4        4.1         2.3%           4       3.3
                 1.5%          5        4.3         1.9%           5       3.3
                 1.6%          6        4.2         2.1%           6       3.1
                 1.7%          7        3.6         2.2%           7       2.7
                 2.0%          8        3.7         2.3%           8       3.0
                 2.1%          9        3.4         2.3%           9       3.0
                 2.6%          10       3.4         2.8%          10       2.7
                 2.6%          11       3.5         2.9%          11       2.9
                 3.1%          12       3.5         3.4%          12       2.7
                 3.3%          13       3.4         3.7%          13       2.6
                 3.6%          14       3.0         4.0%          14       2.5
                 3.7%          15       3.2         4.2%          15       3.2
                 3.6%          16       2.6         4.3%          16       2.8
                 3.7%          17       2.3         4.4%          17       2.7
                 3.4%          18       2.3         4.2%          18       2.7
                 2.9%          19       2.3         3.9%          19       2.7
                 2.8%          20       2.4         3.6%          20       2.9
                 3.1%          21       2.4         4.0%          21       2.8
                 3.2%          22       2.3         4.2%          22       3.0
                 2.6%          23       2.2         3.6%          23       3.0
                 2.2%          24       2.4         3.0%          24       3.7
                 1.9%          25       2.4         2.5%          25       3.5
                 7.3%        26-29      2.7         7.7%        26-29      4.0
                26.6%         30+       3.5        11.3%         30+       4.5

               100.0%        Total      3.4        100.0%       Total      3.2
hole Life Insurance              Whole Life Insurance                   Whole Life Insurance
                                                                   Face Amount Lapse Rate by Issue
Lapse Rate by Issue Age      Policy Lapse Rate by Issue Age                     Age

                                     70 and older                           Under 20

              Exposure      Policy     Lapse         Exposure      Policy    Lapse
             Distribution    Year       Rate        Distribution    Year      Rate
                 2.9%          1        10.5            5.2%           1       9.3
                 2.9%          2         6.0            5.4%           2       8.3
                 2.9%          3         3.8            5.5%           3       6.0
                 2.5%          4         3.4            5.2%           4       4.2
                 2.2%          5         3.6            4.6%           5       3.9
                 2.6%          6         2.9            5.6%           6       3.6
                 2.9%          7         3.7            5.7%           7       3.3
                 3.2%          8         3.3            5.8%           8       2.9
                 3.3%          9         3.3            5.7%           9       2.8
                 4.2%         10         3.6            6.6%          10       2.8
                 4.6%         11         3.2            7.1%          11       3.1
                 5.5%         12         3.4            7.7%          12       2.8
                 5.7%         13         3.6            6.8%          13       2.9
                 6.3%         14         3.3            6.6%          14       3.0
                 6.3%         15         3.5            5.6%          15       2.8
                 5.8%         16         2.8            4.2%          16       2.8
                 5.5%         17         2.9            3.3%          17       2.9
                 5.3%         18         2.3            3.4%          18       3.0
                 4.5%                                                 19       3.1
                 3.7%                                                 20       3.4
                 3.6%                                                 21       3.6
                 3.3%                                                 22       3.7
                 2.6%                                                 23       3.7
                 2.0%                                                 24       3.9
                 1.4%                                                 25       4.0
                 2.7%                                               26-29      4.0
                 1.6%                                                30+       2.9

               100.0%        Total       3.8          100.0%        Total      4.0
hole Life Insurance              Whole Life Insurance               Whole Life Insurance
ount Lapse Rate by Issue    Face Amount Lapse Rate by Issue    Face Amount Lapse Rate by Issue
      Age                                Age                                Age

                                       20-29                              30-39

              Exposure      Policy    Lapse      Exposure      Policy    Lapse
             Distribution    Year      Rate     Distribution    Year      Rate
                 5.6%           1      10.5         5.1%           1       7.0
                 5.4%           2       9.5         5.4%           2       7.1
                 5.0%           3       6.8         4.9%           3       5.1
                 4.4%           4       5.2         3.8%           4       4.2
                 3.6%           5       5.0         2.8%           5       4.8
                 3.5%           6       4.8         2.6%           6       4.3
                 3.3%           7       4.4         2.5%           7       4.2
                 3.4%           8       4.6         2.6%           8       3.9
                 3.4%           9       4.0         2.7%           9       3.9
                 3.7%          10       4.0         3.0%          10       3.9
                 3.6%          11       3.9         3.3%          11       3.7
                 4.4%          12       4.1         4.0%          12       3.6
                 4.4%          13       3.9         4.0%          13       3.7
                 4.4%          14       3.8         4.2%          14       3.7
                 4.3%          15       3.4         4.3%          15       3.5
                 4.0%          16       3.0         4.1%          16       3.0
                 3.8%          17       2.9         4.1%          17       2.7
                 3.4%          18       2.7         3.6%          18       2.6
                 2.9%          19       2.5         2.8%          19       2.3
                 2.4%          20       2.8         2.5%          20       2.8
                 2.3%          21       3.1         2.7%          21       3.1
                 2.2%          22       3.0         2.7%          22       3.1
                 1.6%          23       2.7         2.0%          23       2.7
                 1.3%          24       2.5         1.6%          24       2.5
                 1.1%          25       2.6         1.3%          25       2.6
                 3.3%        26-29      2.4         4.5%        26-29      2.6
                 9.3%         30+       2.1        13.0%         30+       2.0

               100.0%        Total      4.2       100.0%        Total      3.9
hole Life Insurance              Whole Life Insurance               Whole Life Insurance
ount Lapse Rate by Issue    Face Amount Lapse Rate by Issue    Face Amount Lapse Rate by Issue
      Age                                Age                                Age

                                       40-49                             50-59

              Exposure      Policy    Lapse      Exposure      Policy    Lapse
             Distribution    Year      Rate     Distribution    Year      Rate
                 6.3%          1        5.6         6.8%           1       5.6
                 7.1%          2        6.5         8.2%           2       5.7
                 6.1%          3        4.1         6.9%           3       4.5
                 4.0%          4        3.8         4.2%           4       3.9
                 2.9%          5        4.6         3.1%           5       3.6
                 2.7%          6        4.2         3.0%           6       4.4
                 2.7%          7        4.9         3.0%           7       5.3
                 3.1%          8        3.7         3.4%           8       4.7
                 3.1%          9        4.3         3.5%           9       5.1
                 3.6%          10       4.3         4.2%          10       5.4
                 3.8%          11       5.2         4.2%          11       6.3
                 4.8%          12       4.5         5.2%          12       6.0
                 5.0%          13       4.5         5.2%          13       5.9
                 5.0%          14       4.3         5.0%          14       4.9
                 4.9%          15       4.3         4.7%          15       5.2
                 4.7%          16       3.0         4.6%          16       4.2
                 4.6%          17       3.0         4.5%          17       3.0
                 4.0%          18       2.8         3.9%          18       2.8
                 3.1%          19       2.7         3.1%          19       2.3
                 2.4%          20       3.2         1.9%          20       2.7
                 2.5%          21       3.7         1.9%          21       3.1
                 2.3%          22       3.7         1.8%          22       3.1
                 1.6%          23       3.3         1.2%          23       2.2
                 1.1%          24       2.9         0.8%          24       3.4
                 0.9%          25       2.7         0.6%          25       2.2
                 2.5%        26-29      2.4         1.8%        26-29      2.3
                 5.2%         30+       2.1         3.0%         30+       2.4

               100.0%        Total      4.2       100.0%        Total      4.6
hole Life Insurance              Whole Life Insurance                Whole Life Insurance
ount Lapse Rate by Issue    Face Amount Lapse Rate by Issue
      Age                                Age                   Face Amount Lapse Rate by Issue Age

                                       60-69                             70 and older

              Exposure      Policy    Lapse      Exposure       Policy     Lapse
             Distribution    Year      Rate     Distribution     Year       Rate
                 6.6%           1       5.6         4.1%           1         6.9
                 8.4%           2       6.5         5.1%           2         4.6
                 6.9%           3       4.5         4.5%           3         4.3
                 3.9%           4       5.1         2.8%           4         3.4
                 3.2%           5       4.1         2.9%           5         7.1
                 3.4%           6       5.4         3.2%           6         3.7
                 3.4%           7       5.7         3.3%           7         3.7
                 3.8%           8       6.9         3.8%           8         4.8
                 3.6%           9       6.5         4.0%           9         4.1
                 4.2%          10       5.0         5.1%          10         6.1
                 4.3%          11       5.9         5.1%          11         4.9
                 5.1%          12       5.1         6.7%          12         4.0
                 5.6%          13       5.0         7.6%          13         3.8
                 5.2%          14       4.1         7.7%          14         3.7
                 4.8%          15       5.0         7.0%          15         2.8
                 4.7%          16       3.8         6.5%          16         0.7
                 4.6%          17       1.8         5.7%          17         1.6
                 4.2%          18       2.4         5.2%          18         0.7
                 3.4%          19       1.2         3.3%
                 1.9%          20       3.1         1.5%
                 1.8%          21       1.9         1.4%
                 1.7%          22       2.3         1.1%
                 1.2%          23       2.0         0.7%
                 0.8%          24       2.4         0.5%
                 0.6%          25       1.9         0.3%
                 1.5%        26-29      2.8         0.6%
                 1.2%         30+       2.8         0.2%

               100.0%        Total      4.5       100.0%         Total       4.0
                                       By Attained Age
hole Life Insurance                 Whole Life Insurance                   Whole Life Insurance
                                                                     Face Amount Lapse Rate by Attained
unt Lapse Rate by Issue Age     Policy Lapse Rate by Attained Age                   Age

70 and older

                Exposure      Attained     Lapse       Exposure      Attained    Lapse
               Distribution      Age        Rate      Distribution      Age       Rate
                   3.5%            0         5.5          0.1%            0        4.1
                   4.3%            1         8.2          0.2%            1        6.3
                   4.3%            2         7.8          0.3%            2        6.3
                   3.6%            3         7.4          0.3%            3        5.9
                   4.5%            4         7.0          0.3%            4        5.9
                   5.0%            5         6.3          0.3%            5        5.3
                   5.0%            6         6.0          0.4%            6        5.4
                   5.9%            7         5.4          0.4%            7        4.7
                   6.3%            8         5.1          0.4%            8        4.5
                   6.9%            9         4.8          0.4%            9        4.2
                   6.9%           10         4.5          0.4%           10        4.1
                   8.1%           11         4.3          0.5%           11        3.8
                   8.9%           12         4.1          0.5%           12        3.6
                   8.2%           13         4.0          0.5%           13        3.6
                   6.2%           14         3.7          0.6%           14        3.4
                   5.3%           15         3.6          0.6%           15        3.4
                   3.9%           16         3.4          0.6%           16        3.3
                   3.2%           17         3.6          0.6%           17        3.4
                                  18         3.9          0.6%           18        3.9
                                  19         4.1          0.6%           19        3.9
                                  20         4.4          0.7%           20        4.4
                                  21         4.6          0.7%           21        4.6
                                  22         4.8          0.7%           22        4.9
                                  23         5.1          0.8%           23        5.3
                                  24         5.4          0.8%           24        5.7
                                  25         5.7          0.8%           25        6.1
                                  26         5.7          0.8%           26        6.0
                                  27         5.6          0.8%           27        6.1
                 100.0%           28         5.7          0.8%           28        6.1
                                  29         5.5          0.8%           29        5.8
                                  30         5.5          0.8%           30        5.9
                                  31         5.5          0.8%           31        5.8
                                  32         5.2          0.8%           32        5.5
                                  33         5.2          0.9%           33        5.6
                                  34         5.1          1.0%           34        5.3
                                  35         4.9          1.0%           35        5.1
                                  36         4.8          1.0%           36        4.9
                                  37         4.6          1.0%           37        4.7
                                  38         4.5          1.1%           38        4.7
                                  39         4.5          1.1%           39        4.5
                                  40         4.2          1.2%           40        4.3
                                  41         4.1          1.3%           41        4.1
42   4.0   1.4%   42   4.1
43   3.8   1.4%   43   3.9
44   3.8   1.5%   44   3.8
45   3.7   1.5%   45   3.7
46   3.6   1.6%   46   3.8
47   3.5   1.7%   47   3.7
48   3.4   1.8%   48   3.7
49   3.3   1.8%   49   3.5
50   3.3   1.8%   50   4.0
51   3.2   1.9%   51   3.5
52   3.2   1.9%   52   3.8
53   3.2   1.9%   53   3.7
54   3.1   1.9%   54   3.9
55   3.1   1.9%   55   3.8
56   3.0   2.0%   56   3.7
57   2.9   2.1%   57   3.7
58   2.8   2.1%   58   3.7
59   2.9   1.9%   59   3.7
60   2.9   1.7%   60   3.7
61   2.8   1.8%   61   3.9
62   2.7   1.8%   62   3.9
63   2.7   1.8%   63   4.2
64   3.7   1.6%   64   4.4
65   3.8   1.5%   65   4.5
66   2.7   1.5%   66   4.3
67   2.2   1.5%   67   4.0
68   2.2   1.5%   68   4.1
69   2.3   1.4%   69   3.9
70   2.1   1.4%   70   3.8
71   2.0   1.4%   71   4.2
72   1.9   1.4%   72   3.8
73   1.9   1.4%   73   3.7
74   1.9   1.4%   74   3.5
75   1.9   1.4%   75   3.7
76   1.9   1.4%   76   3.9
77   1.9   1.4%   77   3.2
78   1.9   1.3%   78   3.2
79   1.9   1.3%   79   3.1
80   2.0   1.2%   80   3.3
81   2.0   1.2%   81   3.7
82   2.0   1.1%   82   2.8
83   2.1   1.0%   83   2.4
84   3.6   0.9%   84   2.8
85   3.6   0.8%   85   2.4
86   2.4   0.6%   86   2.1
87   2.4   0.6%   87   2.1
88   2.5   0.5%   88   2.6
89   2.6   0.4%   89   2.6
90   2.7   0.3%   90   1.9
91   2.6   0.3%   91   2.0
92   2.7   0.2%   92   2.1
93   2.5   0.2%   93   1.9
94   2.8   0.1%   94   2.3
 95      9.9   0.1%      95      2.9
 96     14.6   0.1%      96      4.9
 97     10.4   0.0%      97      3.9
 98      3.5   0.0%      98      2.4
 99     21.0   0.0%      99      6.4
100     34.1   0.0%     100     16.1

Total   3.4    100.0%   Total   4.1
                             By Premium Payment Mode
hole Life Insurance                Whole Life Insurance               Whole Life Insurance
unt Lapse Rate by Attained      Policy Lapse Rate by Premium      Policy Lapse Rate by Premium
       Age                              Payment Mode                      Payment Mode

                                        Annual                             Semi Annual

               Exposure       Policy    Lapse       Exposure      Policy     Lapse
              Distribution     Year      Rate      Distribution    Year       Rate
                  0.1%            1       8.0          0.9%           1       18.5
                  0.3%            2       9.0          0.9%           2       14.4
                  0.3%            3       6.1          0.8%           3        9.9
                  0.3%            4       4.6          0.7%           4        6.3
                  0.3%            5       4.5          0.7%           5        6.1
                  0.3%            6       4.2          0.7%           6        5.6
                  0.4%            7       4.4          0.8%           7        5.3
                  0.4%            8       3.9          0.9%           8        4.9
                  0.4%            9       3.9          0.9%           9        4.4
                  0.4%           10       3.6          1.2%          10        4.6
                  0.4%           11       3.6          1.3%          11        4.2
                  0.5%           12       3.5          1.7%          12        4.1
                  0.5%           13       3.7          1.9%          13        4.3
                  0.5%           14       3.3          2.2%          14        4.2
                  0.5%           15       3.0          2.4%          15        4.0
                  0.5%           16       2.8          2.5%          16        3.8
                  0.5%           17       2.6          2.9%          17        3.7
                  0.5%           18       2.6          2.7%          18        3.8
                  0.5%           19       2.6          2.2%          19        3.6
                  0.6%           20       2.8          2.3%          20        4.3
                  0.6%           21       3.0          2.7%          21        4.2
                  0.6%           22       3.1          3.0%          22        3.8
                  0.6%           23       2.7          2.6%          23        3.8
                  0.6%           24       3.0          2.1%          24        4.2
                  0.7%           25       3.1          1.8%          25        4.4
                  0.7%         26-29      3.1          7.4%        26-29       3.9
                  0.7%          30+       2.3         49.7%         30+        2.7
                  0.8%
                  0.8%         Total      2.8        100.0%        Total       3.7
                  0.9%
                  0.9%
                  1.0%
                  1.1%
                  1.3%
                  1.4%
                  1.5%
                  1.6%
                  1.7%
                  1.7%
                  1.8%
                  2.0%
                  2.2%
2.2%
2.3%
2.4%
2.4%
2.5%
2.5%
2.6%
2.6%
2.6%
2.5%
2.5%
2.4%
2.3%
2.3%
2.2%
2.3%
2.2%
1.8%
1.7%
1.7%
1.6%
1.5%
1.4%
1.3%
1.2%
1.1%
1.0%
1.0%
0.9%
0.8%
0.8%
0.8%
0.8%
0.7%
0.7%
0.6%
0.6%
0.6%
0.5%
0.4%
0.4%
0.3%
0.3%
0.2%
0.2%
0.1%
0.1%
0.1%
0.1%
0.1%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

100.0%
hole Life Insurance              Whole Life Insurance                      Whole Life Insurance
Lapse Rate by Premium        Policy Lapse Rate by Premium        Policy Lapse Rate by Premium Payment
 Payment Mode                        Payment Mode                                 Mode

Semi Annual                           Quarterly                               Monthly

               Exposure      Policy    Lapse       Exposure       Policy      Lapse
              Distribution    Year      Rate      Distribution     Year        Rate
                  0.9%           1      23.4          1.4%            1        12.8
                  0.9%           2      20.4          1.3%            2        11.1
                  0.9%           3      13.4          1.3%            3         8.4
                  0.8%           4      11.0          1.4%            4         6.5
                  0.8%           5      10.5          1.3%            5         5.7
                  0.9%           6      10.3          1.5%            6         5.3
                  1.0%           7       9.1          1.6%            7         4.7
                  1.1%           8       8.7          1.7%            8         4.4
                  1.3%           9       7.8          1.9%            9         4.0
                  1.7%          10       6.8          2.2%           10         3.7
                  1.9%          11       7.0          2.2%           11         4.0
                  2.1%          12       6.7          2.4%           12         3.6
                  2.4%          13       6.4          2.7%           13         3.6
                  2.6%          14       5.9          2.7%           14         3.6
                  2.6%          15       5.8          2.6%           15         3.4
                  2.7%          16       5.9          2.6%           16         3.4
                  2.5%          17       5.6          2.6%           17         3.3
                  1.6%          18       5.3          2.5%           18         3.2
                  1.9%          19       5.0          2.1%           19         3.3
                  1.8%          20       5.2          2.0%           20         3.4
                  2.2%          21       5.1          2.1%           21         3.6
                  2.6%          22       4.7          2.5%           22         3.5
                  2.4%          23       4.3          2.4%           23         3.5
                  2.0%          24       4.3          2.5%           24         3.7
                  2.0%          25       4.2          2.7%           25         3.6
                  8.7%        26-29      3.8         11.1%         26-29        3.7
                 48.0%         30+       2.8         36.9%          30+         3.0

                100.0%        Total      5.2        100.0%         Total        4.1
Whole Life Insurance                   Whole Life Insurance              Whole Life Insurance
pse Rate by Premium Payment   Face Amount Lapse Rate by Premium       Face Amount Lapse Rate by
        Mode                            Payment Mode                    Premium Payment Mode

                                           Annual                            Semi Annual

               Exposure       Policy       Lapse      Exposure      Policy     Lapse
              Distribution     Year         Rate     Distribution    Year       Rate
                  2.9%            1          4.6         3.9%           1        6.8
                  2.5%            2          3.7         4.0%           2        5.9
                  2.3%            3          2.7         3.7%           3        4.9
                  2.1%            4          3.1         3.1%           4        3.3
                  1.8%            5          4.2         2.7%           5        3.9
                  1.9%            6          3.6         2.9%           6        4.3
                  1.9%            7          4.2         2.9%           7        5.7
                  2.1%            8          3.7         3.2%           8        5.6
                  2.2%            9          4.1         3.2%           9        4.9
                  2.5%           10          4.2         4.0%          10        4.5
                  2.5%           11          4.4         4.3%          11        7.1
                  2.9%           12          4.1         5.6%          12        4.5
                  3.0%           13          3.8         5.9%          13        4.8
                  3.3%           14          3.7         5.8%          14        6.2
                  3.3%           15          3.3         5.7%          15        4.2
                  3.1%           16          2.7         5.8%          16        3.5
                  3.0%           17          2.7         5.8%          17        3.3
                  2.7%           18          2.4         4.9%          18        3.3
                  2.3%           19          2.2         3.4%          19        3.3
                  2.3%           20          2.9         2.2%          20        4.2
                  2.5%           21          3.4         2.2%          21        3.8
                  2.6%           22          3.3         2.2%          22        3.7
                  2.3%           23          2.9         1.7%          23        4.2
                  2.1%           24          2.8         1.2%          24        4.1
                  1.8%           25          2.9         0.8%          25        4.2
                  6.2%         26-29         2.9         2.4%        26-29       3.8
                 31.9%          30+          2.2         6.4%         30+        3.0

                100.0%         Total         3.4       100.0%        Total       4.6
hole Life Insurance              Whole Life Insurance                      Whole Life Insurance
Amount Lapse Rate by          Face Amount Lapse Rate by          Face Amount Lapse Rate by Premium
mium Payment Mode               Premium Payment Mode                       Payment Mode

Semi Annual                           Quarterly                               Monthly

               Exposure      Policy    Lapse       Exposure       Policy      Lapse
              Distribution    Year      Rate      Distribution     Year        Rate
                  3.6%          1       13.0          4.2%            1         7.6
                  3.9%          2       13.9          4.5%            2         6.9
                  3.9%          3       10.3          4.5%            3         5.1
                  3.5%          4        9.2          4.2%            4         4.5
                  3.1%          5        8.4          3.6%            5         4.3
                  3.1%          6        9.6          3.7%            6         4.2
                  3.3%          7        8.4          3.7%            7         4.3
                  3.5%          8        8.2          3.8%            8         4.2
                  3.7%          9        6.8          4.1%            9         3.9
                  4.5%          10       6.4          4.3%           10         3.8
                  5.4%          11       7.4          4.5%           11         3.9
                  5.9%          12       7.7          5.0%           12         3.5
                  6.9%          13       7.7          5.2%           13         4.0
                  6.8%          14       7.5          5.2%           14         3.5
                  5.7%          15       5.6          4.9%           15         3.2
                  5.2%          16       6.1          4.9%           16         2.8
                  4.5%          17       5.5          4.6%           17         2.6
                  3.1%          18       5.8          3.9%           18         2.6
                  2.2%          19       5.0          2.8%           19         2.4
                  1.6%          20       5.5          2.0%           20         2.7
                  1.7%          21       5.3          1.9%           21         2.8
                  1.8%          22       5.7          1.8%           22         2.9
                  1.4%          23       5.5          1.5%           23         2.6
                  1.1%          24       6.3          1.2%           24         2.9
                  1.0%          25       4.5          1.1%           25         3.0
                  2.9%        26-29      4.1          3.1%         26-29        3.1
                  6.9%         30+       3.2          5.6%          30+         3.1

                100.0%        Total      7.4        100.0%         Total        4.2
                             By Risk Class
Whole Life Insurance              Whole Life Insurance               Whole Life Insurance
ount Lapse Rate by Premium
   Payment Mode               Policy Lapse Rate by Risk Class     Policy Lapse Rate by Risk Class

                                       Preferred                           Standard

              Exposure        Policy    Lapse       Exposure      Policy    Lapse      Exposure
             Distribution      Year      Rate      Distribution    Year      Rate     Distribution
                 7.9%             1       5.4          4.4%           1      10.7         1.4%
                 7.5%             2       7.2          6.4%           2      10.6         1.7%
                 6.6%             3       5.5          5.2%           3       7.1         1.9%
                 5.4%             4       4.1          2.6%           4       5.4         1.7%
                 4.0%             5       4.8          1.9%           5       4.7         1.4%
                 3.8%             6       4.6          2.1%           6       4.4         1.4%
                 3.6%             7       4.8          2.3%           7       4.0         1.4%
                 3.7%             8       4.6          2.6%           8       3.9         1.4%
                 3.8%             9       4.8          3.1%           9       3.7         1.4%
                 4.3%            10       5.0          3.9%          10       3.5         1.6%
                 4.2%            11       5.2          4.3%          11       3.6         1.7%
                 5.1%            12       5.3          5.0%          12       3.3         2.1%
                 5.0%            13       5.0          5.1%          13       3.5         2.2%
                 4.9%            14       4.8          4.7%          14       3.4         2.5%
                 4.3%            15       4.9          3.7%          15       3.2         2.7%
                 3.8%            16       4.6          3.0%          16       3.1         2.6%
                 3.5%            17       4.9          2.1%          17       3.0         2.7%
                 2.9%            18       5.4          1.4%          18       3.0         2.6%
                 2.1%            19       3.9          2.2%          19       2.9         2.5%
                 1.7%            20       3.7          2.0%          20       3.1         2.3%
                 1.7%            21       3.7          2.7%          21       3.3         2.5%
                 1.6%            22       3.6          2.9%          22       3.3         2.7%
                 1.3%            23       3.9          3.2%          23       3.1         2.3%
                 1.0%            24       4.2          2.1%          24       3.2         2.2%
                 0.7%            25       5.6          0.5%          25       3.3         2.0%
                 2.0%          26-29      6.9          3.8%        26-29      3.2         7.7%
                 3.4%           30+       7.5         16.8%         30+       2.4        41.3%

               100.0%          Total      5.5        100.0%        Total      3.3       100.0%
    Whole Life Insurance              Whole Life Insurance
                                  Face Amount Lapse Rate by Risk
Policy Lapse Rate by Risk Class               Class

         Substandard                       Preferred

Policy     Lapse    Exposure      Policy    Lapse       Exposure
 Year       Rate   Distribution    Year      Rate      Distribution
    1        9.0       1.5%           1       4.9          8.4%
    2        8.3       2.0%           2       6.6         11.7%
    3        6.3       2.0%           3       5.0          9.4%
    4        5.1       1.6%           4       3.8          4.6%
    5        5.1       1.4%           5       5.9          3.2%
    6        4.7       1.5%           6       5.4          3.4%
    7        4.3       1.7%           7       5.9          3.6%
    8        3.7       1.9%           8       5.5          4.1%
    9        3.8       2.0%           9       6.0          4.2%
   10        3.7       2.3%          10       5.5          4.8%
   11        3.6       2.5%          11       6.0          5.8%
   12        3.6       2.8%          12       5.7          6.6%
   13        3.2       2.8%          13       5.9          6.8%
   14        3.2       3.0%          14       6.0          6.1%
   15        3.0       2.9%          15       4.4          4.5%
   16        3.0       2.7%          16       4.0          3.5%
   17        2.8       2.2%          17       4.2          2.2%
   18        2.7       1.8%          18       4.0          1.3%
   19        2.6       1.6%          19       3.3          1.0%
   20        3.1       1.3%          20       3.7          0.7%
   21        3.0       1.4%          21       3.8          0.7%
   22        2.7       1.5%          22       3.5          0.7%
   23        3.2       1.3%          23       3.7          0.7%
   24        3.0       1.1%          24       3.8          0.4%
   25        2.9       1.1%          25       5.0          0.2%
 26-29       2.9       4.5%        26-29      4.3          0.5%
  30+        2.6      47.6%         30+       5.3          0.9%

 Total       3.3       100.0%      Total      5.4        100.0%
                                                                         By Smoker Status
    Whole Life Insurance                Whole Life Insurance                  Whole Life Insurance
Face Amount Lapse Rate by Risk     Face Amount Lapse Rate by Risk          Policy Lapse Rate by Smoker
            Class                              Class                                   Status

         Standard                           Substandard                            Non Smokers

Policy    Lapse      Exposure      Policy     Lapse        Exposure       Policy     Lapse
 Year      Rate     Distribution    Year       Rate       Distribution     Year       Rate
    1       6.8         5.1%           1        6.6           7.2%            1        9.8
    2       7.5         6.3%           2        7.8           9.5%            2        8.6
    3       5.2         5.6%           3        5.9           7.8%            3        5.8
    4       4.5         3.8%           4        4.5           4.5%            4        4.9
    5       4.4         2.8%           5        5.4           3.7%            5        4.6
    6       4.3         2.7%           6        4.0           4.0%            6        4.4
    7       4.1         2.7%           7        5.0           4.1%            7        4.1
    8       3.7         2.7%           8        3.7           4.7%            8        3.9
    9       3.5         2.7%           9        4.1           4.9%            9        3.8
   10       4.1         3.4%          10        3.8           5.1%           10        3.6
   11       4.0         3.4%          11        4.1           5.0%           11        3.8
   12       3.8         4.2%          12        3.8           5.2%           12        3.5
   13       3.9         4.5%          13        3.2           4.8%           13        3.6
   14       3.5         4.7%          14        3.4           4.7%           14        3.5
   15       3.4         4.7%          15        3.1           4.5%           15        3.5
   16       3.0         4.7%          16        3.3           4.1%           16        3.2
   17       2.6         4.8%          17        2.0           3.5%           17        2.9
   18       2.6         4.5%          18        2.1           2.8%           18        2.8
   19       2.2         4.0%          19        1.4           2.0%           19        2.8
   20       2.6         2.4%          20        3.3           1.1%           20        2.9
   21       2.9         2.4%          21        2.9           0.9%           21        3.0
   22       3.1         2.3%          22        1.9           0.9%           22        2.9
   23       2.6         1.7%          23        3.3           0.6%           23        2.7
   24       2.9         1.4%          24        3.0           0.4%           24        2.7
   25       2.7         1.1%          25        2.4           0.4%           25        2.3
 26-29      2.7         3.5%        26-29       2.7           1.1%         26-29       2.1
  30+       2.2         7.8%         30+        2.4           2.7%          30+        2.2

 Total     3.8        100.0%        Total       4.4         100.0%         Total       3.8
Whole Life Insurance            Whole Life Insurance              Whole Life Insurance
 y Lapse Rate by Smoker      Policy Lapse Rate by Smoker       Face Amount Lapse Rate by
        Status                           Status                      Smoker Status

  Non Smokers                        Smokers                           Non Smokers

              Exposure      Policy   Lapse      Exposure      Policy     Lapse
             Distribution    Year     Rate     Distribution    Year       Rate
                 3.5%          1      19.4         2.2%           1        6.4
                 3.6%          2      14.0         1.9%           2        6.6
                 3.5%          3       9.7         1.8%           3        4.7
                 3.0%          4       7.4         1.7%           4        4.0
                 2.5%          5       6.0         1.6%           5        4.3
                 2.6%          6       5.5         1.7%           6        4.2
                 2.7%          7       5.3         1.9%           7        4.4
                 2.9%          8       4.9         2.0%           8        4.1
                 3.1%          9       4.8         2.4%           9        4.2
                 3.6%          10      4.2         2.9%          10        4.2
                 3.8%          11      4.2         3.1%          11        4.5
                 4.5%          12      3.9         3.5%          12        4.3
                 4.8%          13      4.0         3.8%          13        4.2
                 5.2%          14      3.7         4.1%          14        4.0
                 5.3%          15      3.6         4.2%          15        3.9
                 5.1%          16      3.4         4.0%          16        3.2
                 4.5%          17      3.1         4.6%          17        2.7
                 4.2%          18      3.1         5.0%          18        2.6
                 4.2%          19      3.2         4.6%          19        2.4
                 4.0%          20      3.3         4.7%          20        2.8
                 4.5%          21      3.4         5.4%          21        3.0
                 4.1%          22      3.3         5.0%          22        3.0
                 2.8%          23      2.9         3.4%          23        2.7
                 2.1%          24      2.9         2.3%          24        2.4
                 0.7%          25      3.2         1.0%          25        2.0
                 2.0%        26-29     3.2         3.4%        26-29       1.6
                 7.4%         30+      2.4        17.7%         30+        1.4

                100.0%       Total     4.2       100.0%        Total       4.1
                                                              By Underwriting Type
Whole Life Insurance            Whole Life Insurance              Whole Life Insurance
e Amount Lapse Rate by       Face Amount Lapse Rate by        Policy Lapse Rate by Underwriting
   Smoker Status                   Smoker Status                         Requirement

  Non Smokers                        Smokers                             Medical

              Exposure      Policy   Lapse      Exposure       Policy    Lapse
             Distribution    Year     Rate     Distribution     Year      Rate
                 6.6%          1      13.9         5.2%            1       8.0
                 7.7%          2      12.6         5.4%            2       6.5
                 6.6%          3       8.8         4.5%            3       2.4
                 4.4%          4       7.4         3.0%            4       2.4
                 3.2%          5       7.3         2.5%            5       2.3
                 3.2%          6       6.1         2.6%            6       2.4
                 3.2%          7       6.7         2.7%            7       2.3
                 3.6%          8       5.8         2.9%            8       2.7
                 3.7%          9       5.6         3.0%            9       2.6
                 4.3%          10      5.0         3.6%           10       3.0
                 4.4%          11      5.1         3.8%           11       3.3
                 5.4%          12      4.5         4.8%           12       3.0
                 5.6%          13      5.0         5.3%           13       3.1
                 5.5%          14      4.0         5.4%           14       2.7
                 5.3%          15      4.4         5.3%           15       2.5
                 5.0%          16      3.5         4.8%           16       2.4
                 4.5%          17      2.9         5.0%           17       2.4
                 4.0%          18      3.0         5.2%           18       2.5
                 3.2%          19      3.0         3.8%           19       2.5
                 2.3%          20      3.4         3.1%           20       2.7
                 2.4%          21      3.9         3.4%           21       2.7
                 2.1%          22      3.8         3.2%           22       2.8
                 1.3%          23      3.0         2.3%           23       2.8
                 0.8%          24      3.0         1.6%           24       2.8
                 0.3%          25      2.6         0.7%           25       2.6
                 0.6%        26-29     2.3         1.8%         26-29      2.5
                 0.9%         30+      1.6         5.1%          30+       2.2

                100.0%       Total     5.4       100.0%         Total      2.4
derwriting Type
Whole Life Insurance              Whole Life Insurance                   Whole Life Insurance
 apse Rate by Underwriting   Policy Lapse Rate by Underwriting      Policy Lapse Rate by Underwriting
    Requirement                         Requirement                            Requirement

                                       Paramedical                           Non Medical

              Exposure        Policy     Lapse        Exposure      Policy     Lapse
             Distribution      Year       Rate       Distribution    Year       Rate
                 0.7%             1        7.7           3.0%           1       12.9
                 0.7%             2        6.7           2.9%           2       11.9
                 0.7%             3        5.1           2.8%           3        7.5
                 0.7%             4        4.5           2.5%           4        5.5
                 0.6%             5        4.5           2.1%           5        4.7
                 0.6%             6        4.3           2.4%           6        4.3
                 0.7%             7        4.1           2.4%           7        3.9
                 0.7%             8        3.9           2.5%           8        3.8
                 0.6%             9        3.8           2.7%           9        3.6
                 0.7%            10        3.7           3.2%          10        3.4
                 0.9%            11        3.6           3.6%          11        3.5
                 1.2%            12        3.4           4.1%          12        3.3
                 1.3%            13        3.4           4.5%          13        3.5
                 1.2%            14        3.2           5.1%          14        3.4
                 1.1%            15        3.1           5.1%          15        3.2
                 1.0%            16        2.9           4.8%          16        3.1
                 1.0%            17        2.8           4.9%          17        2.9
                 0.9%            18        2.8           4.6%          18        2.9
                 0.8%            19        2.7           4.0%          19        3.0
                 0.7%            20        2.7           3.6%          20        3.2
                 0.8%            21        2.8           3.6%          21        3.3
                 0.8%            22        2.9           3.4%          22        3.4
                 0.8%            23        2.7           2.6%          23        3.2
                 0.9%            24        2.9           2.7%          24        3.4
                 1.0%            25        2.6           2.9%          25        3.5
                 5.0%          26-29       2.6           9.2%        26-29       3.4
                75.9%           30+        2.5           4.7%         30+        2.5

                102.1%         Total       3.4         100.0%        Total       3.4
hole Life Insurance                Whole Life Insurance                   Whole Life Insurance
pse Rate by Underwriting      Policy Lapse Rate by Underwriting        Face Amount Lapse Rate by
  Requirement                            Requirement                    Underwriting Requirement

 Non Medical                           Simplified Issue                       Medical

                Exposure      Policy       Lapse       Exposure      Policy    Lapse
               Distribution    Year         Rate      Distribution    Year      Rate
                   1.5%          1          21.0          4.4%           1       4.2
                   1.4%          2          11.8          5.3%           2       4.0
                   1.6%          3           8.1          5.7%           3       3.1
                   1.5%          4           6.9          5.4%           4       4.0
                   1.3%          5           5.8          4.1%           5       5.0
                   1.3%          6           5.8          3.5%           6       4.1
                   1.3%          7           5.4          3.3%           7       4.7
                   1.4%          8           5.2          3.2%           8       4.6
                   1.4%          9           5.4          3.0%           9       4.1
                   1.6%          10          4.3          3.4%          10       5.0
                   1.7%          11          4.5          3.5%          11       4.8
                   2.0%          12          4.1          4.0%          12       5.0
                   2.2%          13          3.9          3.7%          13       5.2
                   2.4%          14          3.7          3.7%          14       5.2
                   2.6%          15          3.4          4.0%          15       2.9
                   2.6%          16          3.5          3.7%          16       2.8
                   2.7%          17          2.9          4.3%          17       2.9
                   2.5%          18          2.6          3.9%          18       2.5
                   2.4%          19          2.8          2.6%          19       2.9
                   2.2%          20          2.8          2.6%          20       2.8
                   2.5%          21          3.1          2.9%          21       2.6
                   2.6%          22          2.9          3.4%          22       3.4
                   2.3%          23          2.9          3.8%          23       3.3
                   2.2%          24          3.2          0.9%          24       2.4
                   1.9%          25          3.3          0.9%          25       2.6
                   7.5%        26-29         3.7          2.8%        26-29      2.3
                  43.2%         30+          3.2          8.1%         30+       1.9

                 100.0%        Total         5.4          100.0%      Total     3.8
hole Life Insurance              Whole Life Insurance                  Whole Life Insurance
Amount Lapse Rate by          Face Amount Lapse Rate by             Face Amount Lapse Rate by
 rwriting Requirement          Underwriting Requirement              Underwriting Requirement

                                     Paramedical                           Non Medical

              Exposure      Policy     Lapse        Exposure      Policy
             Distribution    Year       Rate       Distribution    Year
                 4.7%           1        6.1           7.2%           1
                 4.8%           2        5.6           7.2%           2
                 4.2%           3        4.1           6.4%           3
                 3.4%           4        4.2           5.2%           4
                 2.8%           5        4.8           3.9%           5
                 2.8%           6        4.5           4.0%           6
                 3.3%           7        5.0           3.8%           7
                 3.4%           8        4.7           4.0%           8
                 3.3%           9        4.8           4.0%           9
                 4.7%          10        4.2           4.3%          10
                 5.0%          11        4.0           4.1%          11
                 6.2%          12        3.5           4.9%          12
                 6.4%          13        3.7           5.2%          13
                 5.6%          14        3.3           5.2%          14
                 4.2%          15        3.1           4.9%          15
                 3.6%          16        2.7           4.4%          16
                 3.3%          17        2.7           4.2%          17
                 2.9%          18        2.7           3.8%          18
                 2.2%          19        2.3           2.9%          19
                 1.5%          20        2.8           2.0%          20
                 1.5%          21        3.9           1.8%          21
                 1.5%          22        3.2           1.4%          22
                 1.2%          23        2.9           0.9%          23
                 1.1%          24        2.7           0.8%          24
                 1.0%          25        2.7           0.7%          25
                 3.2%        26-29       2.5           1.8%        26-29
                12.0%         30+        2.2           0.8%         30+

                100.0%       Total       4.0         100.0%        Total
  Whole Life Insurance                 Whole Life Insurance
Face Amount Lapse Rate by           Face Amount Lapse Rate by
 Underwriting Requirement            Underwriting Requirement

     Non Medical                           Simplified Issue

       Lapse        Exposure      Policy       Lapse       Exposure
        Rate       Distribution    Year         Rate      Distribution
        10.4           4.0%           1         12.3          5.4%
         9.4           3.8%           2          7.5          7.6%
         6.2           3.6%           3          5.6          7.7%
         4.8           2.9%           4          4.9          7.3%
         4.5           2.4%           5          4.2          5.3%
         4.3           2.4%           6          4.6          4.2%
         3.9           2.4%           7          4.7          3.9%
         3.7           2.6%           8          2.7          5.1%
         3.6           2.8%           9          4.2          3.3%
         3.6           3.2%          10          3.3          3.9%
         3.8           3.4%          11          4.9          3.8%
         3.5           4.3%          12          4.0          4.5%
         3.4           4.8%          13          3.4          3.9%
         3.2           5.2%          14          4.2          3.9%
         3.6           5.6%          15          3.0          4.2%
         3.0           5.9%          16          3.9          4.3%
         2.7           6.0%          17          2.8          5.0%
         2.7           5.4%          18          2.2          4.4%
         2.4           4.2%          19          1.4          3.2%
         2.9           2.7%          20          3.5          1.9%
         3.0           2.7%          21          3.4          1.7%
         3.2           2.7%          22          2.8          1.8%
         2.9           2.0%          23          2.8          1.5%
         3.4           1.6%          24          1.9          0.2%
         3.1           1.1%          25          2.3          0.2%
         3.1           3.5%        26-29         2.2          0.6%
         2.6           8.6%         30+          1.9          1.1%

         3.9         100.0%        Total         4.5          100.0%
Term Insurance Lapse Experience (Experience Period 2004-2005)
Part 1 of 3
                                                                               By Plan
                Term Insurance                        Term Insurance                  Term Insurance


                Policy Lapse Rates              Face Amount Lapse Rates          Policy Lapse Rates by Pla

        Total Term - All Plans Combined      Total Term - All Plans Combined                YRT

       Policy     Lapse      Exposure        Policy    Lapse    Exposure       Policy
        Year       Rate     Distribution      Year      Rate   Distribution     Year
           1        7.3        10.8%             1       5.2      15.1%            1
           2        7.2        10.7%             2       5.9      14.6%            2
           3        6.3        10.8%             3       5.2      13.9%            3
           4        6.0         9.6%             4       5.4      11.4%            4
           5        5.8         8.3%             5       5.6       8.8%            5
           6        4.7        10.2%             6       4.4      10.8%            6
           7        4.9         7.2%             7       4.9       6.8%            7
           8        5.3         5.8%             8       5.3       4.9%            8
           9        5.6         4.5%             9       5.8       3.5%            9
          10       10.7         3.2%            10      11.5       2.3%           10
          11       13.5         2.7%            11      15.1       1.7%           11
          12        7.8         2.1%            12       8.1       1.2%           12
          13        7.0         1.9%            13       7.4       1.0%           13
          14        7.1         1.7%            14       7.7       0.8%           14
          15        7.5         1.6%            15       8.3       0.7%           15
          16        9.0         1.4%            16       9.8       0.6%           16
          17        6.4         1.1%            17       6.7       0.5%           17
          18        6.0         0.9%            18       6.5       0.3%           18
          19        6.1         0.8%            19       6.4       0.3%           19
          20        6.8         0.7%            20       7.2       0.2%           20
          21        8.7         0.5%            21       9.1       0.1%           21
          22        7.1         0.5%            22       7.4       0.1%           22
          23        7.9         0.4%            23       7.2       0.1%           23
          24        7.0         0.3%            24       7.3       0.1%           24
          25        8.1         0.3%            25       8.3       0.0%           25
        26-29       7.2         0.9%          26-29      8.2       0.1%         26-29
         30+        8.3         1.2%           30+      10.5       0.0%          30+

        Total       6.6       100.0%          Total     5.7      100.0%         Total
    Term Insurance                       Term Insurance                     Term Insurance


Policy Lapse Rates by Plan      Face Amount Lapse Rates by Plan      Policy Lapse Rates by Plan

           YRT                                YRT                             5 year term

      Lapse       Exposure      Policy     Lapse     Exposure      Policy     Lapse
       Rate      Distribution    Year       Rate    Distribution    Year       Rate
       10.3          6.8%           1        7.6       11.3%          1        21.9
       10.1          6.7%           2        8.1       10.7%          2        17.6
        9.9          6.5%           3        7.4       10.1%          3        13.2
        8.8          5.9%           4        7.4        9.1%          4        12.1
        8.8          5.3%           5        8.1        7.5%          5        11.5
        8.4          5.1%           6        8.0        6.1%          6        12.2
        7.7          5.6%           7        7.4        6.7%          7         7.5
        7.5          6.0%           8        7.4        6.6%          8         6.9
        7.4          6.2%           9        7.5        6.3%          9         6.6
        8.6          5.0%          10        8.7        4.2%         10         8.6
        8.3          4.7%          11        8.4        3.6%         11        13.0
        7.3          4.5%          12        7.3        3.2%         12         8.9
        7.4          4.1%          13        7.5        2.8%         13         8.1
        7.0          3.5%          14        7.2        2.3%         14         6.0
        7.0          3.2%          15        7.1        2.0%         15         6.8
        6.9          2.8%          16        6.7        1.7%         16        10.0
        6.8          2.3%          17        6.5        1.3%         17         5.3
        6.9          1.9%          18        6.7        1.0%         18         4.6
        7.0          1.9%          19        6.9        0.9%         19         4.4
        7.6          1.7%          20        7.4        0.7%         20         6.1
        8.8          1.4%          21        8.3        0.5%         21        10.8
        7.9          1.4%          22        7.8        0.5%         22         4.8
        7.9          1.1%          23        7.7        0.4%
        8.6          0.7%          24        8.2        0.2%
        9.3          0.5%          25        8.4        0.1%
        9.5          1.5%        26-29       9.3        0.2%
        8.8          3.6%         30+       10.1        0.1%

        8.3        100.0%        Total      7.6       100.0%        Total      9.9
 Term Insurance                      Term Insurance                     Term Insurance


cy Lapse Rates by Plan      Face Amount Lapse Rates by Plan       Policy Lapse Rates by Plan

   5 year term                         5 year term                      10 year level term

              Exposure      Policy     Lapse     Exposure      Policy     Lapse
             Distribution    Year       Rate    Distribution    Year       Rate
                 5.3%          1        13.6        4.7%          1         6.7
                 5.0%          2        12.2        5.2%          2         7.4
                 4.8%          3        11.1        5.1%          3         6.3
                 4.9%          4        10.9        5.4%          4         5.8
                 6.6%          5        12.6        9.1%          5         5.6
                10.3%          6        13.4       12.8%          6         5.4
                 9.1%          7         7.7       12.2%          7         5.4
                 8.2%          8         7.5       11.6%          8         5.6
                 4.1%          9         7.5        3.9%          9          5
                 3.8%         10        10.2        3.5%         10        21.5
                 3.7%         11        16.2        3.1%         11        37.1
                 3.5%         12        10.6        2.7%         12        17.2
                 3.5%         13        10.4        2.7%         13         9.8
                 3.5%         14         6.5        2.6%         14         9.3
                 4.0%         15         8.4        2.9%         15         8.4
                 4.2%         16        11.6        2.7%         16         7.6
                 3.7%         17         5.5        2.3%         17         6.3
                 3.5%         18         5.2        2.4%         18         4.3
                 3.5%         19         4.5        2.4%         19         3.7
                 2.4%         20         6.2        1.6%         20         5.9
                 1.5%         21        12.4        0.8%         21         6.8
                 0.9%         22         6.2        0.4%




                 100.0%      Total      10.1         100.0%     Total       7.9
  Term Insurance                      Term Insurance                      Term Insurance


licy Lapse Rates by Plan     Face Amount Lapse Rates by Plan       Policy Lapse Rates by Plan

 10 year level term                   10 year level term                  15 year level term

               Exposure      Policy     Lapse      Exposure      Policy     Lapse
              Distribution    Year       Rate     Distribution    Year       Rate
                 10.3%          1          5.5       14.4%          1         4.8
                 11.2%          2          7.3       15.0%          2         4.7
                 12.2%          3          6.2       15.2%          3         4.2
                 11.5%          4          6.0       13.5%          4         4.3
                  9.4%          5          6.0        9.9%          5         4.1
                  8.8%          6          5.9        8.4%          6         3.5
                  7.2%          7          6.3        6.1%          7         3.3
                  6.6%          8          6.2        4.9%          8         3.1
                  5.4%          9          5.5        3.7%          9         3.0
                  4.2%         10         22.2        2.8%         10         3.6
                  2.9%         11         42.5        1.8%         11         3.6
                  1.3%         12         21.8        0.6%         12         3.5
                  1.1%         13         12.5        0.5%         13         3.1
                  1.5%         14         11.3        0.6%         14         3.6
                  2.0%         15         10.0        0.9%         15        10.5
                  1.9%         16          8.7        0.8%         16        66.9
                  1.4%         17          7.2        0.6%
                  0.6%         18          5.5        0.2%
                  0.3%         19          5.2        0.1%
                  0.2%         20          9.4        0.0%
                  0.1%         21         16.0        0.0%




                100.0%        Total       7.5        100.0%       Total       4.2
  Term Insurance                     Term Insurance                     Term Insurance
                            Face Amount Lapse Rates by
licy Lapse Rates by Plan               Plan                      Policy Lapse Rates by Plan

 15 year level term                  15 year level term                 20 year level term

              Exposure      Policy     Lapse     Exposure      Policy     Lapse     Exposure
             Distribution    Year       Rate    Distribution    Year       Rate    Distribution
                 8.7%          1         4.0       11.8%          1         5.1       13.6%
                 9.5%          2         4.2       12.3%          2         5.4       14.0%
                11.0%          3         3.8       13.1%          3         4.7       14.9%
                10.5%          4         4.3       11.3%          4         4.7       12.8%
                 9.9%          5         4.3        9.4%          5         4.4       10.2%
                11.1%          6         3.9       11.4%          6         3.1       14.3%
                 7.9%          7         3.6        7.4%          7         3.1        8.8%
                 6.2%          8         3.3        5.4%          8         2.8        5.8%
                 5.2%          9         3.3        4.2%          9         2.6        3.4%
                 4.4%         10         4.2        3.4%         10         3.0        1.5%
                 4.3%         11         3.9        3.1%         11         3.4        0.7%
                 4.1%         12         3.9        2.8%
                 3.6%         13         3.5        2.3%
                 2.0%         14         4.3        1.3%
                 1.1%         15        10.3        0.6%
                 0.4%         16        71.7        0.2%




                100.0%       Total       4.1      100.0%        Total       4.2      100.0%
                                    By Issue Age
         Term Insurance                      Term Insurance


Face Amount Lapse Rates by Plan       Policy Lapse Rate by Issue Age

         20 year level term                        YRT
                                               Ages 20-29
Policy     Lapse      Exposure       Policy    Lapse      Exposure
 Year       Rate     Distribution     Year      Rate    Distribution
   1         4.0        17.1%            1      12.7        7.0%
   2         4.5        16.7%            2      12.3        6.6%
   3         4.0        16.5%            3      12.0        6.0%
   4         4.2        12.7%            4      11.1        5.1%
   5         4.3         9.0%            5       9.9        4.4%
   6         3.0        13.2%            6       9.1        4.4%
   7         3.3         7.1%            7       8.5        4.8%
   8         2.9         4.0%            8       8.0        5.1%
   9         2.9         2.2%            9       7.6        5.1%
  10         3.2         1.0%           10       7.9        4.2%
  11         3.8         0.4%           11       7.2        4.1%
                                        12       6.8        3.9%
                                        13       6.8        3.7%
                                        14       6.1        3.4%
                                        15       6.4        3.4%
                                        16       6.0        3.0%
                                        17       5.9        2.6%
                                        18       6.0        2.4%
                                        19       5.6        2.6%
                                        20       6.0        2.3%
                                        21       7.3        2.0%
                                        22       6.8        2.1%
                                        23       6.7        1.7%
                                        24       7.6        1.0%
                                        25       8.6        0.8%
                                      26-29      9.7        2.4%
                                       30+      10.8        5.9%

 Total       3.9        100.0%        Total      8.8        100.0%
         Term Insurance                    Term Insurance                    Term Insurance


Policy Lapse Rate by Issue Age     Policy Lapse Rate by Issue Age    Policy Lapse Rate by Issue

               YRT                               YRT                              YRT
           Ages 30-39                       Ages 40-49                         Ages 50-59
Policy    Lapse     Exposure      Policy   Lapse      Exposure      Policy
 Year      Rate    Distribution    Year     Rate     Distribution    Year
    1       9.0        6.2%           1      9.8         7.5%         1
    2       9.3        6.3%           2      9.3         7.4%         2
    3       8.6        6.1%           3      8.3         7.4%         3
    4       7.8        5.7%           4      7.3         6.9%         4
    5       8.0        5.2%           5      7.9         6.3%         5
    6       7.7        5.1%           6      8.1         5.9%         6
    7       7.0        5.9%           7      7.8         6.5%         7
    8       7.1        6.5%           8      7.3         6.9%         8
    9       6.8        6.7%           9      8.0         7.3%         9
   10       7.9        5.3%          10      9.7         5.9%         10
   11       7.2        5.1%          11      9.4         5.1%         11
   12       6.7        4.9%          12      8.8         4.8%         12
   13       6.8        4.5%          13      8.7         4.4%         13
   14       6.4        3.9%          14      8.8         3.7%         14
   15       6.5        3.6%          15      8.6         3.1%         15
   16       6.6        3.1%          16      8.3         2.6%         16
   17       6.3        2.6%          17      8.3         2.0%         17
   18       6.6        2.1%          18      8.5         1.4%         18
   19       6.9        2.1%          19      9.5         1.2%
   20       7.8        1.9%          20      9.8         1.0%
   21       9.1        1.5%          21     11.2         0.7%
   22       8.1        1.5%          22      9.8         0.6%
   23       8.2        1.2%          23     11.4         0.4%
   24       8.9        0.7%          24     12.6         0.2%
   25       9.9        0.5%          25     13.9         0.2%
 26-29     10.7        1.0%        26-29    16.3         0.3%
  30+      15.2        0.8%         30+     14.8         0.4%

 Total      7.7      100.0%        Total     8.6       100.0%        Total
      Term Insurance                      Term Insurance                    Term Insurance


Policy Lapse Rate by Issue Age   Policy Lapse Rate by Issue Age    Policy Lapse Rate by Issue Age

             YRT                                YRT                      10 year level term
         Ages 50-59                         Ages 60-69                      Ages 20-29
        Lapse     Exposure       Policy    Lapse     Exposure      Policy Lapse
         Rate    Distribution     Year      Rate    Distribution    Year    Rate
         10.0       12.3%          1        11.3       21.7%          1     10.3
          9.3       11.8%          2        10.6       21.1%          2     12.4
          8.2       11.2%          3         9.9       19.5%          3     11.3
          7.4        9.5%          4         9.2       15.5%          4     10.1
          9.5        8.2%          5        13.5       12.4%          5     10.4
          9.9        6.9%          6        13.6        9.8%          6      9.3
          8.9        6.5%                                             7      8.7
          9.8        6.5%                                             8      7.4
          9.3        6.3%                                             9      6.2
         13.6        4.9%                                            10     16.1
         21.1        3.6%                                            11     20.3
         10.8        2.8%                                            12     11.7
         10.8        2.6%                                            13      6.7
         10.6        2.1%                                            14      7.0
         10.2        1.6%                                            15      5.6
         10.7        1.3%                                            16      6.1
         11.6        1.0%                                            17      4.9
         11.3        0.8%




         10.0        100.0%       Total     11.1      100.0%        Total     10.0
  Term Insurance                     Term Insurance                     Term Insurance


y Lapse Rate by Issue Age    Policy Lapse Rate by Issue Age    Policy Lapse Rate by Issue Age

 10 year level term                10 year level term                 10 year level term
    Ages 20-29                        Ages 30-39                         Ages 40-49
              Exposure      Policy   Lapse        Exposure     Policy   Lapse
            Distribution     Year     Rate      Distribution    Year     Rate
                 10.2%         1        7.7         8.3%         1         6.5
                 10.4%         2        9.6         8.6%         2         7.1
                 10.6%         3        8.4         9.6%         3         5.7
                  9.8%         4        7.6         9.7%         4         5.4
                  8.0%         5        7.0         8.1%         5         5.3
                  7.8%         6        6.9         7.4%         6         4.9
                  7.3%         7        6.4         7.3%         7         4.7
                  7.7%         8        6.2         8.0%         8         5.1
                  6.3%         9        5.0         7.1%         9         4.7
                  3.8%        10       18.3         5.4%         10       22.3
                  3.2%        11       31.1         4.2%         11       42.6
                  2.3%        12       16.8         2.2%         12       19.6
                  2.1%        13        9.9         1.8%         13       11.3
                  2.3%        14        9.0         2.4%         14        9.7
                  3.0%        15        7.9         3.3%         15        9.1
                  2.9%        16        6.9         3.2%         16        7.8
                  2.4%        17        5.8         2.5%         17        6.5
                              18        4.7         1.0%         18        4.5




               100.0%        Total      9.1       100.0%        Total      7.9
  Term Insurance                      Term Insurance                   Term Insurance


y Lapse Rate by Issue Age    Policy Lapse Rate by Issue Age   Policy Lapse Rate by Issue Age

 10 year level term                10 year level term               10 year level term
    Ages 40-49                        Ages 50-59                       Ages 60-69
               Exposure      Policy Lapse       Exposure      Policy Lapse      Exposure
              Distribution    Year    Rate    Distribution     Year    Rate Distribution
                  10.0%         1      5.4        11.9%          1      5.0        14.2%
                  10.9%         2      5.5        13.3%          2      5.4        15.7%
                  12.2%         3      4.7        14.4%          3      4.4        15.8%
                  11.7%         4      4.3        13.4%          4      4.2        13.4%
                   9.6%         5      4.3        10.9%          5      3.7        11.1%
                   8.8%         6      4.2        10.2%          6      3.8        11.1%
                   7.3%         7      4.6         7.2%          7      3.8         7.4%
                   6.8%         8      5.0         5.6%          8      4.4         4.7%
                   5.7%         9      4.9         4.0%          9      4.8         3.2%
                   4.7%        10     26.5         3.3%         10     28.1         2.4%
                   3.1%        11     49.5         1.8%         11     53.4         1.1%
                   1.1%        12     22.1         0.5%
                   1.0%        13     10.3         0.4%
                   1.6%        14     11.3         0.7%
                   2.0%        15     11.4         0.9%
                   1.9%        16     10.2         0.8%
                   1.3%        17      9.0         0.6%
                   0.4%




                100.0%        Total     6.6      100.0%        Total     5.5     100.0%
         Term Insurance                  Term Insurance                 Term Insuranc
                                  Policy Lapse Rate by Issue
Policy Lapse Rate by Issue Age                Age              Policy Lapse Rate by Is

  20 year level premium term      20 year level premium term    20 year level premium
          Ages 20-29                      Ages 30-39                    Ages 40-49
Policy Lapse       Exposure      Policy Lapse      Exposure    Policy
 Year    Rate     Distribution    Year Rate Distribution        Year
   1       7.7       14.6%          1      5.0       13.0%        1
   2       8.8       15.0%          2      5.7       13.5%        2
   3       8.3       15.5%          3      5.3       15.0%        3
   4       8.4       14.2%          4      5.2       13.5%        4
   5       7.8       11.1%          5      4.9       10.4%        5
   6       6.6       11.8%          6      3.7       13.3%        6
   7       6.1        7.9%          7      3.7        8.7%        7
   8       4.9        5.6%          8      3.1        6.3%        8
   9       4.2        3.2%          9      2.7        3.9%        9
  10       5.2        1.2%         10      3.1        1.7%       10
                                   11      3.4        0.8%       11




 Total     7.5     100.0%        Total     4.6     100.0%       Total
      Term Insurance                     Term Insurance                 Term Insurance
                                  Policy Lapse Rate by Issue
Policy Lapse Rate by Issue Age                Age                Policy Lapse Rate by Issue Age

 20 year level premium term       20 year level premium term      20 year level premium term
         Ages 40-49                       Ages 50-59                      Ages 60-69
       Lapse      Exposure       Policy Lapse Exposure         Policy    Lapse
         Rate    Distribution     Year Rate Distribution        Year      Rate
          4.7       13.5%           1      4.5      14.4%        1         4.7
          4.7       13.9%           2      4.3      14.7%        2         4.1
          3.8       14.8%           3      3.2      14.8%        3         3.0
          3.6       12.5%           4      3.2      11.4%        4         2.9
          3.4       10.0%           5      2.9      10.0%        5         3.0
          2.4       14.7%           6      2.0      17.6%        6         2.0
          2.4        9.0%           7      2.1       9.7%
          2.2        6.0%           8      2.0       4.7%
          2.2        3.4%           9      2.0       2.6%
          2.8        1.5%
          3.2        0.7%




          3.5      100.0%        Total     3.1     100.0%       Total      3.4
Term Insurance                        Term Insurance                    Term Insurance
                              Face Amount Lapse Rate by        Face Amount Lapse Rate by Issue
Lapse Rate by Issue Age               Issue Age                             Age

ear level premium term                      YRT                               YRT
    Ages 60-69                          Ages 20-29                        Ages 30-39
               Exposure      Policy    Lapse     Exposure      Policy    Lapse     Exposure
              Distribution    Year      Rate    Distribution    Year      Rate    Distribution
                 19.1%          1        9.8       12.7%           1       6.3       10.6%
                 19.9%          2       10.3       11.3%           2       7.4       10.3%
                 19.1%          3        9.4        9.9%           3       6.9        9.9%
                 13.5%          4        9.5        7.9%           4       7.1        9.1%
                 10.6%          5        9.2        6.3%           5       7.6        7.4%
                 17.8%          6        8.5        5.6%           6       7.4        6.0%
                                7        8.0        5.9%           7       6.9        6.8%
                                8        7.3        5.7%           8       7.1        6.8%
                                9        7.3        5.0%           9       6.8        6.5%
                                10       7.7        3.7%          10       7.8        4.3%
                                11       6.9        3.4%          11       7.5        3.8%
                                12       6.2        3.1%          12       6.8        3.4%
                                13       7.0        2.9%          13       6.9        2.9%
                                14       6.5        2.5%          14       6.6        2.4%
                                15       6.5        2.4%          15       6.3        2.1%
                                16       5.9        2.1%          16       6.5        1.8%
                                17       5.9        1.7%          17       6.1        1.3%
                                18       5.9        1.4%          18       6.4        1.0%
                                19       5.7        1.4%          19       6.8        0.9%
                                20       5.9        1.1%          20       7.5        0.8%
                                21       6.6        0.9%          21       8.7        0.6%
                                22       6.6        0.9%          22       8.2        0.5%
                                23       6.4        0.7%          23       8.1        0.4%
                                24       6.6        0.4%          24       8.5        0.2%
                                25       7.4        0.3%          25       8.8        0.1%
                              26-29      8.3        0.4%        26-29      9.6        0.2%
                               30+      10.8        0.4%         30+      13.4        0.0%

                100.0%        Total     8.4       100.0%        Total      7.0      100.0%
         Term Insurance                    Term Insurance
Face Amount Lapse Rate by Issue   Face Amount Lapse Rate by Issue
             Age                               Age

              YRT                                YRT
          Ages 40-49                         Ages 50-59
Policy    Lapse      Exposure     Policy    Lapse     Exposure
 Year      Rate    Distribution    Year      Rate    Distribution
    1       7.7        11.0%         1        9.9       15.8%
    2       7.6        10.7%         2        8.7       13.9%
    3       6.9        10.2%         3        6.8       12.4%
    4       6.7         9.4%         4        7.0       10.9%
    5       8.0         8.1%         5        8.9        9.3%
    6       8.3         6.6%         6       10.3        7.4%
    7       7.8         7.0%         7        9.0        6.9%
    8       7.3         6.8%         8       11.4        6.1%
    9       8.5         6.8%         9       10.1        5.5%
   10      10.2         4.7%        10       15.0        3.5%
   11       9.4         3.5%        11       22.1        2.2%
   12       8.7         3.1%        12       13.1        1.5%
   13       8.5         2.8%        13       13.2        1.4%
   14       8.7         2.2%        14       10.8        1.1%
   15       9.2         1.9%        15       10.1        0.8%
   16       7.5         1.6%        16       10.0        0.6%
   17       7.4         1.1%        17        9.7        0.5%
   18       8.0         0.7%        18        9.2        0.3%
   19       8.6         0.6%
   20       8.9         0.4%
   21      10.4         0.2%
   22       8.9         0.2%
   23       9.3         0.1%
   24      12.0         0.1%
   25       9.5         0.0%
 26-29     15.0         0.0%
  30+      18.7         0.0%

 Total      7.9       100.0%       Total      9.6      100.0%
         Term Insurance                     Term Insurance                        Term Insuranc
  Face Amount Lapse Rate by
          Issue Age               Face Amount Lapse Rate by Issue Age   Face Amount Lapse Rate b

               YRT                        10 year level term                      10 year level term
           Ages 60-69                        Ages 20-29                              Ages 30-39
Policy    Lapse     Exposure       Policy    Lapse        Exposure       Policy
 Year      Rate    Distribution     Year      Rate       Distribution     Year
  1        10.3       28.1%           1        7.5          16.0%           1
  2         9.2       22.0%           2       10.4          14.2%           2
  3         9.8       17.7%           3        9.9          13.5%           3
  4         7.8       12.5%           4        9.0          12.1%           4
  5        13.6       11.3%           5       11.3           8.8%           5
  6        14.5        8.4%           6        9.6           6.7%           6
                                      7        9.1           6.1%           7
                                      8        7.4           5.9%           8
                                      9        6.4           4.6%           9
                                     10       17.0           2.7%          10
                                     11       24.4           2.1%          11
                                     12       15.7           1.2%          12
                                     13        8.1           1.0%          13
                                     14        8.0           1.0%          14
                                     15        7.0           1.5%          15
                                     16        7.4           1.5%          16
                                     17        6.0           1.2%          17
                                                                           18




 Total     10.4      100.0%         Total       9.6        100.0%         Total
         Term Insurance                          Term Insurance                      Term Insurance
                                        Face Amount Lapse Rate by Issue     Face Amount Lapse Rate by Issue
Face Amount Lapse Rate by Issue Age                  Age                                 Age

         10 year level term                    10 year level term                  10 year level term
            Ages 30-39                            Ages 40-49                          Ages 50-59
             Lapse        Exposure      Policy    Lapse       Exposure      Policy    Lapse
              Rate       Distribution    Year      Rate      Distribution    Year      Rate
               5.5          13.1%          1        5.0         14.2%          1        5.6
               8.4          12.9%          2        6.7         15.2%          2        6.6
               7.2          13.3%          3        5.8         15.5%          3        5.2
               7.2          12.4%          4        5.7         13.7%          4        4.9
               7.0           9.2%          5        6.0          9.8%          5        4.9
               6.7           7.3%          6        5.8          8.3%          6        5.1
               6.9           6.3%          7        5.6          6.0%          7        6.5
               6.5           6.1%          8        5.8          4.9%          8        6.3
               5.3           5.1%          9        5.6          3.7%          9        5.5
              19.1           3.8%         10       22.8          3.0%         10       26.5
              35.0           2.8%         11       48.0          1.8%         11       55.2
              21.1           1.2%         12       23.9          0.5%         12       26.3
              12.2           0.9%         13       14.4          0.4%         13       12.3
              11.4           1.1%         14       11.4          0.6%         14       12.2
               9.6           1.5%         15       10.6          0.8%         15       12.5
               8.3           1.5%         16        8.9          0.8%         16       11.1
               6.7           1.1%         17        7.5          0.5%         17       10.0
               6.0           0.4%         18        5.4          0.1%




              8.5         100.0%         Total      7.3        100.0%        Total      6.6
 Term Insurance                        Term Insurance                     Term Insurance
mount Lapse Rate by Issue     Face Amount Lapse Rate by Issue    Face Amount Lapse Rate by Issue
       Age                                 Age                                Age

 10 year level term                  10 year level term            20 year level premium term
    Ages 50-59                          Ages 60-69                         Ages 20-29
                Exposure      Policy  Lapse        Exposure      Policy   Lapse       Exposure
               Distribution    Year    Rate       Distribution    Year      Rate     Distribution
                  15.0%          1       5.2          17.4%         1        6.2        18.3%
                  16.2%          2       7.4          18.7%         2        7.5        17.3%
                  16.6%          3       6.0          17.1%         3        7.4        16.8%
                  14.6%          4       5.3          13.6%         4        7.6        14.0%
                  10.9%          5       4.1          10.2%         5        7.3        10.0%
                   9.7%          6       4.8           9.6%         6        5.9        10.4%
                   6.1%          7       5.0           5.7%         7        5.9         6.3%
                   4.0%          8       5.5           3.7%         8        5.2         3.8%
                   2.7%          9       4.7           2.1%         9        4.8         2.1%
                   2.1%         10      30.9           1.4%        10        4.9         0.8%
                   1.0%         11      62.3           0.6%
                   0.2%
                   0.1%
                   0.2%
                   0.3%
                   0.3%
                   0.2%




                100.0%         Total     6.3        100.0%        Total      6.8       100.0%
               Term Insurance                     Term Insurance
      Face Amount Lapse Rate by Issue    Face Amount Lapse Rate by Issue
                   Age                                Age

        20 year level premium term         20 year level premium term
                Ages 30-39                         Ages 40-49
      Policy   Lapse       Exposure      Policy   Lapse      Exposure
       Year      Rate     Distribution    Year     Rate     Distribution
         1        3.8        17.0%          1       3.7        17.2%
         2        4.6        16.4%          2       3.9        16.8%
         3        4.4        16.7%          3       3.1        16.5%
         4        4.7        13.5%          4       3.4        12.3%
         5        4.5         9.3%          5       3.7         8.7%
         6        3.5        12.0%          6       2.5        13.6%
         7        3.6         6.8%          7       2.8         7.2%
         8        3.1         4.2%          8       2.6         4.1%
         9        3.0         2.4%          9       2.4         2.2%
        10        3.5         1.1%         10       2.9         1.0%
        11        3.6         0.5%         11       4.0         0.4%




7.5    Total      4.1       100.0%        Total      3.3      100.0%
                                                                      By Attained Age
         Term Insurance                      Term Insurance                   Term Insurance
Face Amount Lapse Rate by Issue     Face Amount Lapse Rate by Issue
             Age                                 Age                           Policy Lapse Rates

   20 year level premium term         20 year level premium term                      YRT
           Ages 50-59                         Ages 60-69
Policy    Lapse       Exposure      Policy   Lapse      Exposure      Policy
 Year       Rate     Distribution    Year     Rate     Distribution    Year
  1          4.3        16.5%         1        4.8        20.5%          0
  2          4.2        17.2%         2        5.1        21.9%          1
  3          3.2        15.8%         3        3.4        19.5%          2
  4          3.2        10.9%         4        2.4        12.9%          3
  5          3.7         8.7%         5        2.7         9.1%          4
  6          2.3        17.3%         6        2.5        16.0%          5
  7          2.6         8.2%                                            6
  8          2.1         3.6%                                            7
  9          2.6         1.8%                                            8
                                                                         9
                                                                        10
                                                                        11
                                                                        12
                                                                        13
                                                                        14
                                                                        15
                                                                        16
                                                                        17
                                                                        18
                                                                        19
                                                                        20
                                                                        21
                                                                        22
                                                                        23
                                                                        24
                                                                        25
                                                                        26
                                                                        27
 Total      3.3        100.0%        Total      3.7      100.0%         28
                                                                        29
                                                                        30
                                                                        31
                                                                        32
                                                                        33
                                                                        34
                                                                        35
                                                                        36
                                                                        37
                                                                        38
                                                                        39
                                                                        40
                                                                        41
 42
 43
 44
 45
 46
 47
 48
 49
 50
 51
 52
 53
 54
 55
 56
 57
 58
 59
 60
 61
 62
 63
 64
 65
 66
 67
 68
 69
 70
 71
 72
 73
 74
 75
 76
 77
 78
 79
 80

Total
By Attained Age
        Term Insurance                     Term Insurance                     Term Insurance


      Policy Lapse Rates            Face Amount Lapse Rates                   Policy Lapse Rates

             YRT                                YRT                    10 year level premium term

        Lapse       Exposure      Policy    Lapse      Exposure      Policy     Lapse
         Rate      Distribution    Year      Rate     Distribution    Year       Rate
                                     0                                  0
                                     1                                  1
                                     2                                  2
                                     3                                  3
         31.2         0.04%          4       34.9        0.01%          4
         31.0         0.04%          5       36.5        0.01%          5
         30.2         0.04%          6       37.3        0.01%          6
         22.3         0.05%          7       28.0        0.01%          7
         21.0         0.06%          8       27.4        0.01%          8
         16.2         0.07%          9       25.6        0.01%          9
         13.8         0.09%         10       26.1        0.01%         10
         10.9         0.11%         11       23.3        0.01%         11
         10.5         0.12%         12       20.8        0.01%         12
         11.7         0.11%         13       18.5        0.01%         13
         10.7         0.10%         14       19.7        0.01%         14
         10.3         0.11%         15       16.4        0.01%         15
         10.2         0.12%         16       16.5        0.02%         16
         10.8         0.11%         17       17.3        0.02%         17
         12.4         0.12%         18       13.8        0.03%         18
         12.6         0.14%         19       15.9        0.04%         19
         12.1         0.16%         20       14.6        0.06%         20         9.7
         12.9         0.20%         21       14.8        0.08%         21         9.4
         13.9         0.26%         22       14.5        0.13%         22        11.0
         14.0         0.34%         23       13.0        0.20%         23        10.7
         13.3         0.46%         24       12.4        0.32%         24        11.6
         12.9         0.59%         25       12.1        0.46%         25        11.9
         11.9         0.73%         26       11.5        0.65%         26        11.3
         11.6         0.91%         27        9.8        0.89%         27        10.3
         10.7         1.06%         28        9.1        1.10%         28        10.4
         10.2         1.24%         29        8.7        1.40%         29        10.5
          9.5         1.46%         30        8.0        1.74%         30         9.6
          9.3         1.65%         31        8.0        2.05%         31         9.5
          9.0         1.90%         32        7.6        2.46%         32         9.5
          8.6         2.31%         33        7.6        3.11%         33         9.0
          8.4         2.68%         34        7.3        3.66%         34         9.1
          8.1         2.84%         35        7.0        3.87%         35         8.7
          7.9         2.94%         36        6.8        4.02%         36         8.5
          7.4         3.09%         37        6.6        4.18%         37         8.5
          7.5         3.29%         38        7.0        4.34%         38         8.2
          7.4         3.48%         39        6.9        4.46%         39         8.2
          7.5         3.71%         40        7.1        4.61%         40         8.3
          7.3         3.85%         41        7.0        4.68%         41         8.0
 7.2    3.91%    42      7.1   4.51%     42     8.0
 7.1    3.96%    43      7.1   4.46%     43     7.7
 7.0    3.95%    44      6.8   4.26%     44     8.0
 7.0    3.89%    45      6.8   4.03%     45     7.9
 7.1    3.81%    46      7.0   3.76%     46     7.8
 7.2    3.75%    47      7.2   3.67%     47     7.5
 7.2    3.62%    48      7.5   3.32%     48     7.5
 7.4    3.44%    49      7.5   3.03%     49     7.5
 7.7    3.26%    50      8.0   2.77%     50     7.5
 7.6    3.02%    51      7.8   2.43%     51     7.2
 7.8    2.83%    52      7.6   2.21%     52     7.1
 8.2    2.63%    53      8.2   1.95%     53     7.4
 8.2    2.38%    54      8.0   1.73%     54     7.1
 8.6    2.16%    55      8.5   1.49%     55     7.4
 8.8    2.03%    56      9.6   1.38%     56     7.2
 8.9    1.92%    57      8.7   1.28%     57     7.2
 9.2    1.66%    58      8.7   1.09%     58     7.1
 9.8    1.30%    59      9.3   0.85%     59     7.0
10.2    1.04%    60     10.2   0.64%     60     7.2
10.2    0.92%    61     10.8   0.56%     61     7.2
10.3    0.78%    62     11.2   0.47%     62     7.1
10.2    0.64%    63     11.2   0.37%     63     7.3
11.2    0.51%    64     10.8   0.28%     64     7.2
12.7    0.40%    65     10.8   0.21%     65     7.8
12.3    0.32%    66     11.7   0.15%     66     7.8
12.6    0.26%    67     11.1   0.12%     67     7.5
12.9    0.21%    68     12.5   0.08%     68     7.1
15.1    0.18%    69     17.2   0.07%     69     8.0
17.3    0.14%    70     15.5   0.05%     70     8.2
14.6    0.10%    71     12.6   0.03%     71     7.9
15.0    0.08%    72     13.3   0.02%     72     7.5
14.2    0.07%    73     13.2   0.02%     73     7.4
14.5    0.06%    74     18.3   0.02%     74     7.4
16.0    0.05%    75     25.6   0.01%     75     7.6
17.4    0.04%    76     15.9   0.01%     76     8.2
16.1    0.03%    77     15.5   0.01%     77     8.1
15.3    0.03%    78     20.9   0.00%     78     8.8
16.5    0.03%    79     22.7   0.00%     79     8.8
18.7   0.021%    80     20.2   0.00%     80     8.5

8.3    100.0%   Total   7.6    100.0%   Total   7.8
 Term Insurance                     Term Insurance                   Term Insurance


 Policy Lapse Rates           Face Amount Lapse Rates                Policy Lapse Rates

year level premium term      10 year level premium term       20 year level premium term

             Exposure      Policy    Lapse    Exposure      Policy     Lapse     Exposure
            Distribution    Year      Rate   Distribution    Year       Rate    Distribution
                              0                                0
                              1                                1
                              2                                2
                              3                                3
                              4                                4
                              5                                5
                              6                                6
                              7                                7
                              8                                8
                              9                                9
                             10                               10
                             11                               11
                             12                               12
                             13                               13
                             14                               14
                             15                               15
                             16                               16
                             17                               17
                             18                               18
                             19                               19
               0.080%        20       12.5      0.03%         20         7.9       0.055%
               0.117%        21       10.8      0.04%         21         7.8       0.082%
               0.157%        22       10.4      0.07%         22         9.9       0.111%
               0.203%        23       10.3      0.10%         23         9.3       0.163%
               0.255%        24        9.9      0.14%         24         9.4       0.233%
               0.326%        25       10.2      0.21%         25         9.4       0.332%
               0.400%        26        9.3      0.30%         26         8.6       0.449%
               0.475%        27        9.5      0.37%         27         8.5       0.597%
               0.580%        28        8.2      0.51%         28         8.1       0.794%
               0.662%        29        8.7      0.62%         29         7.6       1.001%
               0.783%        30        9.1      0.80%         30         7.5       1.257%
               0.919%        31        8.1      0.96%         31         6.9       1.553%
               1.069%        32        8.7      1.15%         32         6.8       1.841%
               1.282%        33        8.1      1.43%         33         6.4       2.214%
               1.511%        34        8.1      1.71%         34         6.2       2.714%
               1.708%        35        7.6      1.97%         35         5.7       3.139%
               1.782%        36        7.7      2.09%         36         5.4       3.302%
               1.864%        37        7.5      2.19%         37         5.2       3.410%
               1.983%        38        7.2      2.33%         38         4.8       3.585%
               2.151%        39        7.5      2.51%         39         4.7       3.737%
               2.336%        40        8.2      2.71%         40         4.6       3.911%
               2.562%        41        7.4      2.96%         41         4.2       4.126%
2.707%    42      7.9   3.05%     42     4.0   4.186%
2.891%    43      7.5   3.27%     43     3.8   4.176%
3.066%    44      8.2   3.47%     44     3.8   4.159%
3.154%    45      7.9   3.56%     45     3.6   4.041%
3.269%    46      8.0   3.66%     46     3.4   3.928%
3.312%    47      6.9   3.65%     47     3.5   3.721%
3.406%    48      7.5   3.67%     48     3.6   3.602%
3.388%    49      7.5   3.58%     49     3.2   3.374%
3.385%    50      8.2   3.54%     50     3.4   3.162%
3.355%    51      7.7   3.51%     51     3.3   2.983%
3.294%    52      7.6   3.34%     52     3.4   2.776%
3.293%    53      8.1   3.31%     53     3.3   2.613%
3.161%    54      7.7   3.12%     54     3.2   2.362%
3.028%    55      8.2   2.97%     55     3.2   2.153%
3.050%    56      7.6   2.97%     56     3.2   2.086%
3.101%    57      7.6   2.97%     57     3.0   2.006%
3.137%    58      8.2   3.02%     58     2.9   1.953%
2.718%    59      8.0   2.50%     59     2.9   1.599%
2.283%    60      7.8   2.09%     60     2.8   1.257%
2.241%    61      9.4   2.05%     61     2.9   1.164%
2.238%    62      8.2   1.96%     62     2.7   1.086%
2.022%    63      8.3   1.73%     63     2.6   0.893%
1.669%    64      8.5   1.41%     64     2.7   0.681%
1.455%    65      8.4   1.14%     65     2.5   0.549%
1.278%    66      9.2   0.96%     66     2.8   0.419%
1.147%    67      8.3   0.84%     67     2.4   0.280%
0.988%    68      8.0   0.69%     68     2.5   0.184%
0.848%    69      9.1   0.55%     69
0.745%    70     10.3   0.47%     70
0.639%    71     10.1   0.38%     71
0.541%    72      9.1   0.30%     72
0.490%    73      9.1   0.27%     73
0.403%    74      9.0   0.23%     74
0.331%    75      9.9   0.17%     75
0.257%    76      9.1   0.13%     76
0.193%    77      7.3   0.09%     77
0.138%    78      7.7   0.07%     78
0.104%    79      7.7   0.05%     79
0.072%    80      9.2   0.03%     80

100.0%   Total   8.0    100.0%   Total   4.3   100.0%
         Term Insurance


   Face Amount Lapse Rates

  20 year level premium term

Policy    Lapse    Exposure
 Year      Rate   Distribution
   0
   1
   2
   3
   4
   5
   6
   7
   8
   9
  10
  11
  12
  13
  14
  15
  16
  17
  18
  19
  20        7.9      0.02%
  21        7.5      0.03%
  22       10.0      0.05%
  23        8.3      0.08%
  24        8.8      0.13%
  25        8.6      0.21%
  26        7.4      0.33%
  27        7.1      0.48%
  28        6.8      0.66%
  29        6.4      0.89%
  30        6.5      1.19%
  31        6.0      1.57%
  32        5.7      1.90%
  33        5.5      2.39%
  34        5.3      3.02%
  35        4.9      3.63%
  36        4.6      3.92%
  37        4.6      4.14%
  38        4.3      4.38%
  39        4.1      4.56%
  40        4.2      4.73%
  41        3.9      4.91%
 42     3.7   4.87%
 43     3.4   4.74%
 44     3.4   4.66%
 45     3.4   4.42%
 46     3.2   4.20%
 47     3.6   3.86%
 48     3.6   3.65%
 49     3.6   3.25%
 50     3.8   2.94%
 51     3.4   2.66%
 52     3.8   2.37%
 53     3.7   2.16%
 54     3.4   1.88%
 55     3.8   1.67%
 56     3.6   1.54%
 57     3.2   1.45%
 58     3.4   1.35%
 59     3.4   1.07%
 60     3.5   0.83%
 61     3.6   0.74%
 62     3.7   0.68%
 63     3.2   0.55%
 64     3.2   0.40%
 65     2.8   0.34%
 66     3.0   0.24%
 67     3.9   0.15%
 68     1.8   0.10%
 69
 70
 71
 72
 73
 74
 75
 76
 77
 78
 79
 80

Total   4.1   100.0%
Term Insurance Lapse Experience (Experience Period 2004-2005)
Part 2 of 3
      By Gender
             Term Insurance                       Term Insurance                    Term Insurance
            Policy Lapse Rates                   Policy Lapse Rates             Face Amount Lapse Rat
                  YRT                                    YRT                             YRT
                 Males                                 Females                          Males
     Policy   Lapse       Exposure          Policy   Lapse     Exposure      Policy
      Year     Rate      Distribution        Year     Rate    Distribution    Year
        1      10.2          6.5%               1     10.5        7.2%          1
        2      10.2          6.5%               2     10.0        7.0%          2
        3       9.8          6.4%               3     10.1        6.6%          3
        4       8.7          5.9%               4      8.9        5.9%          4
        5       9.0          5.3%               5      8.5        5.2%          5
        6       8.7          5.0%               6      8.0        5.1%          6
        7       8.0          5.6%               7      7.3        5.5%          7
        8       7.9          6.1%               8      7.0        5.9%          8
        9       7.9          6.3%               9      6.9        6.0%          9
        10      9.3          5.1%              10      7.8        5.0%          10
        11      9.0          4.6%              11      7.6        4.8%          11
        12      7.7          4.4%              12      6.9        4.5%          12
        13      7.8          4.0%              13      6.8        4.2%          13
        14      7.5          3.5%              14      6.4        3.6%          14
        15      7.4          3.2%              15      6.4        3.2%          15
        16      7.4          2.8%              16      6.2        2.8%          16
        17      7.3          2.4%              17      6.2        2.3%          17
        18      7.3          1.9%              18      6.4        1.9%          18
        19      7.5          1.9%              19      6.5        1.9%          19
        20      8.1          1.7%              20      7.0        1.8%          20
        21      9.4          1.4%              21      8.0        1.4%          21
        22      8.3          1.3%              22      7.3        1.5%          22
        23      8.3          1.1%              23      7.5        1.1%          23
        24      9.1          0.7%              24      7.9        0.6%          24
        25      9.6          0.6%              25      8.8        0.5%          25
      26-29    10.0          1.6%            26-29     8.5        1.4%        26-29
       30+      9.6          4.0%             30+      7.4        3.2%         30+

      Total    8.7         100.0%            Total     7.9       100.0%       Total
    Term Insurance                    Term Insurance                    Term Insurance
Face Amount Lapse Rates           Face Amount Lapse Rates               Policy Lapse Rates
         YRT                                YRT                           10 Year Term
        Males                             Females                             Males
     Lapse       Exposure      Policy   Lapse    Exposure      Policy     Lapse
      Rate      Distribution    Year     Rate   Distribution    Year       Rate
       7.3         10.9%           1      8.1      12.3%          1         6.5
       8.1         10.5%           2      8.0      11.3%          2         7.3
       7.4         10.1%           3      7.4      10.3%          3         6.2
       7.4          9.2%           4      7.2       8.8%          4         5.7
       8.3          7.6%           5      7.4       7.1%          5         5.6
       8.2          6.1%           6      7.6       6.1%          6         5.4
       7.7          6.8%           7      6.7       6.5%          7         5.5
       7.6          6.7%           8      6.8       6.2%          8         5.8
       7.8          6.5%           9      6.6       5.7%          9         5.2
       9.2          4.3%          10      7.7       4.1%         10        22.7
       8.9          3.5%          11      7.2       3.7%         11        40.4
       7.7          3.2%          12      6.5       3.3%         12        19.4
       7.9          2.8%          13      6.6       2.9%         13        11.1
       7.5          2.2%          14      6.5       2.3%         14         9.8
       7.4          2.0%          15      6.3       2.0%         15         8.9
       7.0          1.7%          16      6.0       1.7%         16         7.9
       6.8          1.3%          17      5.7       1.3%         17         6.6
       6.9          1.0%          18      6.4       0.9%         18         4.6
       7.1          0.9%          19      6.5       0.9%
       7.7          0.7%          20      6.7       0.8%
       8.8          0.5%          21      7.4       0.6%
       8.1          0.5%          22      7.2       0.6%
       8.1          0.3%          23      6.9       0.4%
       8.6          0.2%          24      7.3       0.2%
       8.7          0.1%          25      7.7       0.1%
       9.6          0.2%        26-29     8.3       0.2%
      10.8          0.1%         30+      8.1       0.1%

       7.8        100.0%        Total    7.2        100.0%      Total       7.9
Term Insurance                     Term Insurance                    Term Insurance
Policy Lapse Rates                 Policy Lapse Rates            Face Amount Lapse Rates
  10 Year Term                       10 Year Term                      10 Year Term
      Males                            Females                             Males
            Exposure      Policy     Lapse      Exposure      Policy   Lapse     Exposure
           Distribution    Year       Rate     Distribution    Year     Rate    Distribution
              10.7%          1         7.0         9.7%          1       5.4       14.6%
              11.7%          2         7.6        10.4%          2       7.5       15.4%
              12.6%          3         6.5        11.4%          3       6.3       15.5%
              11.9%          4         6.0        11.0%          4       6.0       13.7%
               9.7%          5         5.7         9.2%          5       6.1       10.0%
               9.1%          6         5.4         8.5%          6       6.0        8.5%
               7.2%          7         5.3         7.2%          7       6.4        6.0%
               6.5%          8         5.3         7.0%          8       6.4        4.8%
               5.2%          9         4.7         5.8%          9       5.7        3.6%
               4.1%         10        19.3         4.4%         10      22.8        2.7%
               2.7%         11        31.9         3.3%         11      44.5        1.6%
               1.1%         12        14.3         1.6%         12      23.5        0.5%
               1.0%         13         8.2         1.4%         13      13.5        0.4%
               1.4%         14         8.6         1.8%         14      11.6        0.6%
               1.8%         15         7.7         2.4%         15      10.4        0.7%
               1.7%         16         7.1         2.3%         16       9.0        0.7%
               1.3%         17         5.8         1.7%         17       7.4        0.5%
               0.5%         18         4.0         0.7%         18       5.5        0.2%




              100.0%       Total       7.8       100.0%        Total    7.5       100.0%
       Term Insurance                     Term Insurance                       Term Insura
   Face Amount Lapse Rates                Policy Lapse Rates                   Policy Lapse R
         10 Year Term                       20 Year Term                         20 Year Ter
           Females                              Males                              Females
Policy   Lapse     Exposure      Policy     Lapse       Exposure      Policy
 Year     Rate    Distribution    Year       Rate      Distribution    Year
   1       5.5       13.8%          1         5.0         13.5%          1
   2       6.8       13.8%          2         5.3         14.1%          2
   3       5.7       14.2%          3         4.6         15.0%          3
   4       6.1       12.9%          4         4.7         12.7%          4
   5       5.6        9.6%          5         4.4         10.0%          5
   6       5.3        8.1%          6         3.1         14.5%          6
   7       5.8        6.3%          7         3.1          9.0%          7
   8       5.7        5.5%          8         2.8          5.8%          8
   9       4.9        4.3%          9         2.7          3.3%          9
  10      20.2        3.2%         10         3.1          1.5%         10
  11      37.0        2.2%         11         3.5          0.7%         11
  12      18.0        0.9%
  13      10.3        0.7%
  14      10.5        0.9%
  15       9.1        1.3%
  16       8.1        1.2%
  17       6.8        0.9%
  18       5.4        0.3%




 Total     7.2      100.0%        Total       4.2          100.0%      Total
Term Insurance                    Term Insurance                  Term Insurance
Policy Lapse Rates            Face Amount Lapse Rates         Face Amount Lapse Rates
  20 Year Term                      20 Year Term                    20 Year Term
    Females                             Males                         Females
  Lapse      Exposure      Policy   Lapse    Exposure      Policy   Lapse
   Rate     Distribution    Year     Rate   Distribution    Year     Rate
    5.3        13.8%          1       4.0      17.0%          1       4.0
    5.6        13.9%          2       4.4      16.9%          2       4.7
    4.8        14.9%          3       3.9      16.6%          3       4.2
    4.7        13.0%          4       4.3      12.6%          4       4.2
    4.3        10.5%          5       4.4       8.9%          5       4.1
    3.1        13.9%          6       3.0      13.4%          6       2.9
    3.1         8.6%          7       3.1       7.2%          7       3.6
    2.7         5.8%          8       3.0       4.0%          8       2.8
    2.4         3.5%          9       2.9       2.2%          9       2.7
    2.9         1.4%         10       3.3       1.0%         10       3.0
    3.3         0.7%         11       3.8       0.4%         11       3.9




    4.3       100.0%        Total    3.9       100.0%       Total    3.9
  Term Insurance                    Term Insurance                      Term Insurance
ce Amount Lapse Rates               Policy Lapse Rates                  Policy Lapse Rates
   20 Year Term                         YRT                                  YRT
     Females                  Death Benefit < $200,000         Death Benefit $200,000-499,999
             Exposure      Policy     Lapse      Exposure      Policy     Lapse      Exposure
            Distribution    Year       Rate     Distribution    Year       Rate     Distribution
               17.4%          1        14.7         3.9%          1         9.6         8.7%
               16.3%          2        12.9         4.1%          2         9.6         8.6%
               16.3%          3        13.8         4.1%          3         8.6         8.4%
               13.1%          4        11.2         3.7%          4         7.8         7.8%
                9.4%          5        10.3         3.5%          5         8.1         7.1%
               12.6%          6         9.4         3.7%          6         7.6         7.3%
                7.0%          7         8.3         4.1%          7         7.2         7.9%
                4.1%          8         8.0         5.0%          8         6.9         7.9%
                2.4%          9         7.7         5.8%          9         6.9         7.3%
                1.0%          10        8.5         5.4%         10         8.8         5.1%
                0.4%          11        8.5         5.3%         11         7.9         4.6%
                              12        7.4         5.3%         12         7.1         4.0%
                              13        7.4         5.1%         13         7.1         3.4%
                              14        7.0         4.6%         14         7.0         2.6%
                              15        7.1         4.2%         15         6.7         2.4%
                              16        7.0         3.7%         16         6.9         2.0%
                              17        7.0         3.2%         17         6.5         1.5%
                              18        7.0         2.8%         18         6.5         1.0%
                              19        7.0         2.8%         19         7.4         0.9%
                              20        7.5         2.7%         20         7.9         0.6%
                              21        8.8         2.2%         21         7.7         0.4%
                              22        7.9         2.3%         22         8.3         0.3%
                              23        7.9         1.8%         23         8.0         0.2%
                              24        8.6         1.1%
                              25        9.4         0.9%
                            26-29       9.5         2.6%
                             30+        8.8         6.3%

              100.0%        Total         8.8      100.0%       Total       7.9       100.0%
         Term Insurance                      Term Insurance                      Term Insuranc
         Policy Lapse Rates                  Policy Lapse Rates                  Policy Lapse Rat
              YRT                         10 year level term                   10 year level ter
Death Benefit $500,000 and over        Death Benefit < $200,000         Death Benefit $200,000
Policy     Lapse      Exposure      Policy     Lapse      Exposure      Policy
 Year       Rate     Distribution    Year       Rate     Distribution    Year
   1         6.4        14.2%         1          8.4         7.5%         1
   2         7.3        13.3%         2          8.4         8.5%         2
   3         6.7        12.3%         3          7.1         9.6%         3
   4         6.9        10.9%         4          6.4         9.6%         4
   5         7.4         8.6%         5          6.0         8.8%         5
   6         7.9         6.4%         6          5.5         8.9%         6
   7         7.4         7.1%         7          5.4         7.8%         7
   8         7.3         6.6%         8          5.4         7.7%         8
   9         7.5         6.0%         9          4.7         6.5%         9
  10         9.1         3.5%         10        20.6         5.0%         10
  11         8.6         2.5%         11        32.8         3.6%         11
  12         7.0         2.2%         12        14.6         1.9%         12
  13         7.6         1.7%         13         8.5         1.7%         13
  14         7.0         1.4%         14         8.2         2.4%         14
  15         6.9         1.2%         15         7.4         3.1%         15
  16         5.7         1.0%         16         6.8         3.0%         16
  17         5.9         0.7%         17         5.7         2.3%         17
  18         6.2         0.4%         18         3.9         1.0%
  19         5.5         0.3%         19         3.3         0.5%
                                      20         5.3         0.3%
                                      21         6.0         0.2%




 Total       7.2        100.0%       Total       8.3        100.0%       Total
      Term Insurance                      Term Insurance                      Term Insurance
      Policy Lapse Rates                  Policy Lapse Rates                  Policy Lapse Rates
       10 year level term               10 year level term             20 year level premium term
Death Benefit $200,000-499,999   Death Benefit $500,000 and over        Death Benefit < $200,000
         Lapse     Exposure      Policy     Lapse      Exposure      Policy     Lapse
          Rate    Distribution    Year       Rate     Distribution    Year       Rate
           6.3       11.0%          1         5.3        15.5%          1         7.3
           6.9       11.8%          2         6.7        16.1%          2         7.1
           6.1       13.1%          3         5.5        16.3%          3         5.8
           5.4       12.6%          4         5.4        14.3%          4         5.5
           5.2       10.0%          5         5.6        10.1%          5         4.8
           5.1        9.0%          6         5.6         8.5%          6         3.5
           5.1        7.3%          7         6.1         5.9%          7         3.4
           5.6        6.6%          8         6.3         4.4%          8         2.8
           5.1        5.4%          9         5.8         3.2%          9         2.4
          23.0        4.2%         10        21.7         2.5%         10         2.7
          42.7        2.7%         11        45.6         1.5%         11         3.1
          22.5        0.9%         12        25.8         0.4%
          13.7        0.7%         13        14.0         0.3%
          12.3        1.0%         14        14.2         0.3%
          10.8        1.4%         15        13.3         0.4%
           9.5        1.3%         16        11.6         0.4%
           7.9        1.0%




           7.9       100.0%       Total       6.9       100.0%        Total       4.8
  Term Insurance                     Term Insurance                      Term Insurance
  Policy Lapse Rates                 Policy Lapse Rates                  Policy Lapse Rates
 year level premium term      20 year level premium term          20 year level premium term
eath Benefit < $200,000     Death Benefit $200,000-499,999      Death Benefit $500,000 and over
              Exposure      Policy     Lapse      Exposure      Policy     Lapse     Exposure
             Distribution    Year       Rate     Distribution    Year       Rate    Distribution
                10.0%          1         5.0        12.8%          1         3.8       18.6%
                11.2%          2         5.4        13.6%          2         4.3       17.7%
                12.5%          3         4.8        15.2%          3         3.7       17.2%
                12.2%          4         4.5        13.4%          4         4.1       12.8%
                11.4%          5         4.1        10.5%          5         4.0        8.6%
                15.3%          6         3.0        14.5%          6         2.8       12.9%
                11.0%          7         2.9         8.9%          7         3.0        6.4%
                 8.3%          8         2.7         5.7%          8         3.1        3.2%
                 5.1%          9         2.6         3.3%          9         3.1        1.7%
                 2.1%         10         3.1         1.4%         10         3.6        0.8%
                 1.0%         11         3.6         0.6%




                100.0%       Total       4.1       100.0%        Total       3.7       100.0%
By Smoker Status
      Term Insurance                      Term Insurance                      Term Insuran
      Policy Lapse Rates                  Policy Lapse Rates                  Policy Lapse Ra
             YRT                                YRT                    10 year level premiu
         Non Smokers                          Smokers                         Non Smokers
Policy   Lapse     Exposure      Policy     Lapse      Exposure      Policy
 Year     Rate    Distribution    Year       Rate     Distribution    Year
    1      9.1        6.9%           1       16.4        10.3%          1
    2      9.2        7.1%           2       16.0         7.5%          2
    3      8.7        6.9%           3       16.5         7.1%          3
    4      7.9        6.3%           4       14.0         6.1%          4
    5      8.1        5.7%           5       13.4         5.3%          5
    6      7.9        5.4%           6       12.3         5.1%          6
    7      7.4        6.0%           7       10.3         5.7%          7
    8      7.3        6.5%           8        9.4         5.9%          8
    9      7.2        6.7%           9        9.0         6.1%          9
   10      8.3        5.4%          10       10.5         5.6%         10
   11      8.2        5.1%          11        9.0         4.7%         11
   12      7.2        4.8%          12        8.1         4.5%         12
   13      7.2        4.5%          13        8.9         3.7%         13
   14      6.9        3.9%          14        8.2         3.2%         14
   15      6.8        3.5%          15        8.4         2.9%         15
   16      6.8        3.0%          16        7.4         2.6%         16
   17      6.2        2.0%          17        7.6         2.2%         17
   18      6.4        1.7%          18        7.2         1.7%         18
   19      6.8        2.0%          19        7.6         1.6%         19
   20      6.7        1.8%          20        6.4         1.6%         20
   21      7.0        1.4%          21        7.7         1.3%         21
   22      7.3        1.4%          22        7.2         1.5%
   23      7.3        1.0%          23        8.0         1.3%
   24      6.3        0.4%          24        7.0         0.8%
   25      7.2        0.2%          25        7.4         0.5%
 26-29     6.9        0.2%        26-29       6.9         0.8%
  30+      6.9        0.0%         30+       14.4         0.4%

 Total      7.8      100.0%       Total       11.4       100.0%       Total
    Term Insurance                       Term Insurance                     Term Insurance
    Policy Lapse Rates                   Policy Lapse Rates                 Policy Lapse Rates
10 year level premium term        10 year level premium term         20 year level premium term
       Non Smokers                          Smokers                         Non Smokers
       Lapse      Exposure      Policy     Lapse     Exposure      Policy     Lapse
        Rate     Distribution    Year       Rate    Distribution    Year       Rate
         5.9        10.0%          1        11.9       12.9%          1         4.6
         6.8        11.0%          2        11.7       13.1%          2         5.1
         5.8        12.0%          3         9.6       13.3%          3         4.4
         5.5        11.4%          4         8.0       12.4%          4         4.5
         5.4         9.3%          5         7.5       10.5%          5         4.2
         5.2         8.8%          6         6.9        9.3%          6         3.0
         5.3         7.2%          7         6.7        7.1%          7         3.0
         5.5         6.7%          8         7.0        6.3%          8         2.7
         4.9         5.5%          9         5.8        4.9%          9         2.5
        21.4         4.2%         10        22.1        3.6%         10         3.0
        37.3         2.9%         11        35.9        2.4%         11         3.4
        17.1         1.3%         12        18.8        0.9%
         9.7         1.1%         13        12.3        0.7%
         9.3         1.6%         14         9.7        0.9%
         8.4         2.1%         15         8.5        0.9%
         7.5         2.0%         16         8.2        0.8%
         6.3         1.5%
         4.3         0.6%
         3.3         0.3%
         6.1         0.2%
         7.4         0.1%




           7.6     100.0%        Total      10.1       100.0%       Total         4.0
 Term Insurance                      Term Insurance                    Term Insurance
 Policy Lapse Rates                  Policy Lapse Rates            Face Amount Lapse Rates
year level premium term       20 year level premium term                     YRT
    Non Smokers                         Smokers                          Non Smokers
              Exposure      Policy     Lapse      Exposure      Policy   Lapse    Exposure
             Distribution    Year       Rate     Distribution    Year     Rate   Distribution
                13.6%         1         12.4        13.4%           1      6.8      10.9%
                14.0%         2         10.8        14.0%           2      7.6      10.8%
                15.0%         3          8.7        14.3%           3      7.1      10.2%
                12.8%         4          7.8        13.5%           4      7.1       9.2%
                10.1%         5          6.8        11.5%           5      7.9       7.6%
                14.2%         6          5.2        15.3%           6      7.8       6.2%
                 8.8%         7          4.9         9.1%           7      7.2       6.8%
                 5.8%         8          3.8         5.7%           8      7.4       6.7%
                 3.4%         9          3.7         3.3%           9      7.4       6.4%
                 1.5%                                              10      8.6       4.3%
                 0.7%                                              11      8.3       3.6%
                                                                   12      7.2       3.3%
                                                                   13      7.4       2.9%
                                                                   14      7.1       2.3%
                                                                   15      7.0       2.0%
                                                                   16      6.6       1.7%
                                                                   17      5.8       1.1%
                                                                   18      6.3       0.8%
                                                                   19      6.7       0.9%
                                                                   20      7.0       0.7%
                                                                   21      7.4       0.5%
                                                                   22      7.5       0.5%
                                                                   23      7.3       0.3%
                                                                   24      6.7       0.1%
                                                                   25      7.4       0.1%
                                                                 26-29     7.0       0.1%
                                                                  30+      5.0       0.0%

                100.0%       Total       7.8       100.0%        Total    7.3      100.0%
       Term Insurance                  Term Insurance                   Term Insurance
   Face Amount Lapse Rates         Face Amount Lapse Rates          Face Amount Lapse R
            YRT                   10 year level premium term       10 year level premium
          Smokers                        Non Smokers                         Smokers
Policy   Lapse    Exposure      Policy   Lapse     Exposure      Policy
 Year     Rate   Distribution    Year     Rate    Distribution    Year
    1     13.9      17.9%         1        5.0       14.3%         1
    2     14.5      11.5%         2        6.9       15.0%         2
    3     11.6       9.6%         3        5.8       15.2%         3
    4     11.1       8.0%         4        5.8       13.5%         4
    5     11.3       6.6%         5        5.8        9.8%         5
    6     10.5       5.8%         6        5.6        8.4%         6
    7      9.7       6.3%         7        6.1        6.1%         7
    8      8.1       5.7%         8        6.1        4.9%         8
    9      8.6       5.0%         9        5.3        3.7%         9
   10     11.4       4.0%         10      22.1        2.8%         10
   11      9.7       2.9%         11      42.7        1.8%         11
   12      9.0       2.5%         12      21.8        0.6%         12
   13      9.2       2.4%         13      12.5        0.5%         13
   14      9.2       2.1%         14      11.2        0.7%         14
   15      8.1       1.9%         15      10.1        0.9%         15
   16      7.7       1.6%         16       8.7        0.8%         16
   17      8.9       1.3%         17       7.3        0.6%
   18      6.5       0.9%         18       5.5        0.2%
   19      7.6       0.8%         19       5.1        0.1%
   20      6.2       0.7%         20       9.5        0.0%
   21      8.6       0.6%         21      18.0        0.0%
   22      7.4       0.6%
   23      8.1       0.5%
   24      8.0       0.4%
   25      7.5       0.2%
 26-29     8.6       0.3%
  30+     11.1       0.1%

 Total    11.1      100.0%       Total      7.2     100.0%        Total
     Term Insurance                   Term Insurance                   Term Insurance
 Face Amount Lapse Rates          Face Amount Lapse Rates          Face Amount Lapse Rates
10 year level premium term       20 year level premium term       20 year level premium term
          Smokers                       Non Smokers                         Smokers
       Lapse     Exposure      Policy   Lapse     Exposure      Policy   Lapse
        Rate    Distribution    Year     Rate    Distribution    Year     Rate
        10.4       16.1%          1       3.7       17.1%         1       11.7
        12.5       15.1%          2       4.3       16.8%         2       10.7
        10.5       15.0%          3       3.8       16.6%         3        8.9
         8.7       13.7%          4       4.1       12.7%         4        7.9
         8.4       10.7%          5       4.2        9.0%         5        6.3
         8.5        8.8%          6       2.9       13.1%         6        5.2
         8.5        5.9%          7       3.2        7.1%         7        5.0
         7.5        4.5%          8       2.9        4.0%         8        4.0
         7.6        3.5%          9       2.8        2.2%         9        3.7
        22.6        2.7%         10       3.2        1.0%
        39.0        1.7%         11       3.8        0.4%
        20.7        0.5%
        13.5        0.4%
        12.3        0.5%
         8.8        0.5%
         9.4        0.4%




        10.6      100.0%        Total      3.7     100.0%        Total    8.0
   Term Insurance
ace Amount Lapse Rates
year level premium term
       Smokers
              Exposure
             Distribution
                16.2%
                15.7%
                15.0%
                13.3%
                10.7%
                14.6%
                 7.6%
                 4.4%
                 2.5%




               100.0%
Term Insurance Lapse Experience (Experience Period 2004-2005)
Part 3 of 3
        By Risk Classification
               Term Insurance                    Term Insurance                       Term Insurance
              Policy Lapse Rates                Policy Lapse Rates                   Policy Lapse Rates

                    YRT                                 YRT                                 YRT
                 Preferred                            Standard                          Substandard

       Policy   Lapse    Exposure           Policy   Lapse    Exposure      Policy     Lapse
        Year     Rate   Distribution         Year     Rate   Distribution    Year       Rate
         1        3.5       1.0%                1      6.0       4.8%          1         9.7
         2       10.0       1.3%                2      8.4       5.4%          2        10.6
         3        9.1       1.8%                3      7.4       5.4%          3         9.9
         4        9.6       2.1%                4      7.7       5.3%          4         8.5
         5       10.4       3.3%                5      7.4       5.0%          5         8.6
         6        9.6       4.8%                6      7.2       4.9%          6         7.8
         7        9.0       6.1%                7      7.1       6.0%          7         7.2
         8        9.6       5.9%                8      7.0       7.0%          8         6.7
         9        9.5       7.0%                9      6.7       7.4%          9         7.0
         10       9.2       8.0%               10      6.7       5.1%         10         7.4
         11      10.0       8.8%               11      7.0       5.5%         11         6.7
         12       8.7       8.8%               12      6.5       5.6%         12         7.0
         13       9.0       8.5%               13      6.5       5.3%         13         6.5
         14       8.6       7.3%               14      6.3       4.5%         14         6.4
         15       8.7       5.8%               15      6.3       4.2%         15         6.9
         16       8.3       4.5%               16      6.3       3.6%
         17       8.0       3.3%               17      5.8       2.9%
         18       8.4       2.4%               18      6.2       2.3%
         19       8.1       3.6%               19      6.1       2.1%
         20       8.3       2.3%               20      7.3       2.0%
         21       8.8       1.7%               21      9.5       1.5%
         22      12.3       1.1%               22      7.1       1.2%
         23      11.7       0.6%               23      7.0       1.0%
                                               24      9.1       0.5%
                                               25     10.7       0.4%
                                             26-29    11.0       0.8%
                                              30+     15.4       0.3%

        Total    9.1         100.0%          Total    7.0        100.0%      Total       8.0
 Term Insurance                     Term Insurance                      Term Insurance
Policy Lapse Rates                 Policy Lapse Rates                  Policy Lapse Rates

       YRT                           10 Year Term                        10 Year Term
   Substandard                         Preferred                           Standard

            Exposure      Policy     Lapse      Exposure      Policy     Lapse     Exposure
           Distribution    Year       Rate     Distribution    Year       Rate    Distribution
               8.6%          1         5.9         9.2%         1          6.8        6.7%
               8.3%          2         7.3         9.6%         2          9.3        9.2%
               7.7%          3         6.5        15.1%         3          8.3       12.5%
               7.6%          4         5.9        17.0%         4          7.6       12.8%
               7.3%          5         6.1        13.4%         5          8.2        9.8%
               7.6%          6         6.2        10.6%         6          8.9        8.2%
               9.0%          7         6.2         9.2%         7          7.5        7.8%
               9.5%          8         6.0         8.5%         8          7.3        8.4%
               9.3%          9         3.5         5.3%         9          4.7        6.5%
               6.6%         10        32.2         1.4%         10        15.9        2.7%
               5.8%         11        64.5         0.8%         11        22.2        2.5%
               4.9%                                             12         7.9        2.3%
               3.0%                                             13         5.4        2.3%
               2.5%                                             14         4.6        2.0%
               2.2%                                             15         3.7        2.5%
                                                                16         3.7        2.2%
                                                                17         3.0        1.6%




              100.0%       Total       6.9       100.0%        Total       8.0       100.0%
          Term Insurance                 Term Insurance                   Term Insurance
         Policy Lapse Rates          Face Amount Lapse Rates          Face Amount Lapse Rates

           10 Year Term                         YRT                             YRT
           Substandard                       Preferred                        Standard

Policy     Lapse     Exposure      Policy   Lapse    Exposure      Policy   Lapse
 Year       Rate    Distribution    Year     Rate   Distribution    Year     Rate
  1         13.1       13.0%         1        2.1       2.5%           1      4.4
  2         11.4       14.2%         2        8.8       2.9%           2      6.7
  3          9.3       19.3%         3        7.8       3.7%           3      6.4
  4          8.4       17.2%         4        8.9       4.1%           4      6.9
  5          8.0       11.8%         5        9.8       5.1%           5      7.6
  6          8.5        8.0%         6        9.5       6.5%           6      7.4
  7          6.8        7.8%         7        8.1       7.8%           7      7.4
  8          6.4        8.6%         8        9.2       6.9%           8      7.3
                                     9        8.1       6.7%           9      7.3
                                     10       7.9       7.4%          10      6.9
                                     11       9.2       7.9%          11      7.4
                                     12       8.3       7.6%          12      6.7
                                     13       9.4       7.5%          13      6.6
                                     14       9.0       6.2%          14      6.4
                                     15       9.8       4.6%          15      6.3
                                     16       8.1       3.5%          16      6.3
                                     17       8.1       2.4%          17      5.7
                                     18       8.5       1.5%          18      6.5
                                     19       8.6       1.9%          19      6.8
                                     20       9.1       1.3%          20      7.0
                                     21       9.3       0.9%          21      7.9
                                     22      11.1       0.7%          22      6.7
                                     23      12.8       0.4%          23      6.9
                                                                      24      8.3
                                                                      25      9.5
                                                                    26-29    10.0
                                                                     30+     13.3

 Total       9.3       100.0%       Total    8.6         100.0%     Total    6.8
   Term Insurance                Term Insurance                  Term Insurance
ace Amount Lapse Rates       Face Amount Lapse Rates         Face Amount Lapse Rates

        YRT                             YRT                        10 Year Term
      Standard                      Substandard                      Preferred

             Exposure      Policy Lapse     Exposure      Policy   Lapse    Exposure
            Distribution    Year   Rate    Distribution    Year     Rate   Distribution
                8.7%          1     8.3       12.9%          1       4.8      15.2%
                9.5%          2     9.2       11.7%          2       7.9      13.2%
                9.4%          3     9.4       10.4%          3       7.4      15.8%
                9.0%          4     8.5       10.0%          4       6.5      16.0%
                7.6%          5     7.7        9.0%          5       6.9      11.8%
                5.7%          6     7.9        7.7%          6       7.2       8.6%
                7.1%          7     7.7        8.3%          7       8.9       7.7%
                7.7%          8     7.0        8.3%          8       6.8       6.7%
                7.7%          9     7.1        7.6%          9       3.6       3.7%
                4.2%         10     7.6        4.2%         10      32.8       0.8%
                3.9%         11     5.9        3.5%         11      69.4       0.5%
                3.8%         12     7.7        2.9%
                3.3%         13     5.8        1.4%
                2.6%         14     5.7        1.1%
                2.4%         15     7.2        1.0%
                2.0%
                1.4%
                1.0%
                0.9%
                0.7%
                0.5%
                0.4%
                0.3%
                0.2%
                0.1%
                0.2%
                0.0%

                 100.0%     Total   8.0      100.0%        Total    7.3      100.0%
                                                                By Premium Payment Mode
       Term Insurance                 Term Insurance                   Term Insurance
   Face Amount Lapse Rates        Face Amount Lapse Rates             Policy Lapse Rates

         10 Year Term                    10 Year Term                       YRT
           Standard                      Substandard                       Annual

Policy   Lapse    Exposure      Policy   Lapse    Exposure      Policy   Lapse
 Year     Rate   Distribution    Year     Rate   Distribution    Year     Rate
  1        6.0      14.6%         1       10.8      20.2%           1     11.2
  2        7.6      15.7%         2       13.0      17.3%           2     10.1
  3        7.3      18.7%         3       10.5      19.6%           3     10.9
  4        8.2      18.6%         4       10.6      16.3%           4      8.9
  5        7.4      12.4%         5        8.6      10.6%           5     10.4
  6        9.9       4.9%         6       10.9       5.2%           6      9.7
  7        7.0       4.2%         7        9.4       5.0%           7      8.9
  8        8.0       3.6%         8        5.6       5.8%           8      8.8
  9        4.9       2.6%                                           9      8.9
  10      19.6       1.0%                                          10     10.7
  11      29.6       0.8%                                          11      9.5
  12       9.7       0.6%                                          12      9.9
  13       7.0       0.5%                                          13      9.9
  14       5.8       0.4%                                          14      9.3
  15       4.5       0.5%                                          15      9.5
  16       3.4       0.4%                                          16      9.8
  17       2.8       0.3%                                          17      9.5
                                                                   18      9.0
                                                                   19      9.2
                                                                   20      9.6
                                                                   21     11.3
                                                                   22     10.3
                                                                   23     10.1
                                                                   24     11.1
                                                                   25     11.1
                                                                 26-29     9.9
                                                                  30+      8.6

 Total    7.7      100.0%        Total    10.5     100.0%        Total    9.7
emium Payment Mode
  Term Insurance                   Term Insurance                      Term Insurance
 Policy Lapse Rates               Policy Lapse Rates                  Policy Lapse Rates

      YRT                               YRT                                 YRT
     Annual                          Semiannual                           Quarterly

           Exposure      Policy     Lapse      Exposure      Policy     Lapse     Exposure
          Distribution    Year       Rate     Distribution    Year       Rate    Distribution
              6.3%           1       13.6         4.6%           1       20.8        3.5%
              6.1%           2        8.9         4.6%           2       19.1        4.2%
              5.8%           3        8.9         4.9%           3       17.2        4.6%
              5.3%           4        6.9         4.6%           4       17.2        4.7%
              4.9%           5        8.6         4.9%           5       16.5        4.6%
              4.7%           6        8.5         4.8%           6       14.8        4.5%
              5.3%           7        6.5         5.2%           7       12.8        5.3%
              5.3%           8        5.3         5.1%           8       12.4        6.0%
              5.1%           9        5.2         4.9%           9       11.7        6.0%
              4.0%          10        7.3         3.6%          10       13.0        4.4%
              3.7%          11        6.3         3.3%          11       12.4        4.1%
              3.7%          12        6.6         3.4%          12       12.0        3.8%
              3.6%          13        7.2         3.4%          13       11.1        3.8%
              3.1%          14        6.7         3.0%          14       10.5        3.5%
              2.8%          15        7.2         3.1%          15       10.4        3.6%
              2.5%          16        6.6         2.7%          16       10.1        3.1%
              2.4%          17        7.9         2.5%          17       10.6        2.7%
              2.1%          18        8.6         2.2%          18       10.2        2.4%
              2.5%          19        8.1         2.2%          19        9.3        2.3%
              2.1%          20        8.9         2.1%          20       10.0        2.2%
              1.8%          21       14.5         1.6%          21       11.6        1.8%
              1.6%          22        9.9         2.4%          22       10.3        1.9%
              1.3%          23       10.5         1.7%          23       11.8        1.5%
              0.8%          24        9.7         1.1%          24       11.2        1.2%
              0.7%          25       11.9         1.2%          25       11.0        1.2%
              2.6%        26-29       9.7         3.6%        26-29      10.8        4.5%
              9.7%         30+        8.1        13.2%         30+        9.0        8.5%

              100.0%      Total       8.1       100.0%        Total      12.8         100.0%
          Term Insurance                  Term Insurance                 Term Insurance
         Policy Lapse Rates           Face Amount Lapse Rates        Face Amount Lapse Rates

               YRT                             YRT                             YRT
              Monthly                         Annual                        Semiannual

Policy     Lapse     Exposure      Policy   Lapse    Exposure      Policy   Lapse
 Year       Rate    Distribution    Year     Rate   Distribution    Year     Rate
   1         6.2        9.3%           1      7.3      12.1%           1      8.7
   2         6.2        8.8%           2      7.9      11.4%           2      6.5
   3         6.1        8.0%           3      7.3      10.7%           3      5.9
   4         5.5        6.9%           4      7.5      10.1%           4      4.7
   5         5.7        6.3%           5      8.7       8.2%           5      6.7
   6         5.9        6.0%           6      8.4       6.4%           6      7.9
   7         5.7        6.3%           7      7.9       7.2%           7      5.5
   8         5.8        6.4%           8      8.2       6.5%           8      4.7
   9         6.0        6.3%           9      8.6       5.8%           9      4.3
   10        6.5        4.8%          10      9.9       3.6%          10      6.1
   11        6.7        4.6%          11      9.7       2.9%          11      5.6
   12        6.7        4.3%          12      9.5       2.7%          12      6.3
   13        6.9        3.9%          13      9.9       2.4%          13      7.6
   14        6.7        3.2%          14      9.5       1.9%          14      7.8
   15        6.4        2.8%          15     10.5       1.5%          15      7.4
   16        6.4        2.3%          16      9.4       1.3%          16      7.1
   17        5.8        1.8%          17      9.0       1.1%          17      8.3
   18        5.8        1.5%          18      9.0       0.8%          18      9.3
   19        5.7        1.5%          19      9.1       0.8%          19      7.9
   20        6.6        1.2%          20      9.5       0.7%          20      8.7
   21        7.5        0.9%          21     10.5       0.5%          21     13.5
   22        5.6        0.8%          22      9.6       0.5%          22      9.5
   23        5.9        0.6%          23     10.3       0.3%          23     10.9
   24        7.9        0.3%          24     10.7       0.1%          24      9.7
   25        8.3        0.2%          25     10.9       0.1%          25     13.7
 26-29       8.5        0.4%        26-29    10.6       0.2%        26-29    11.5
  30+       12.4        0.7%         30+     10.5       0.3%         30+     10.4

 Total       6.2        100.0%      Total    8.3       100.0%       Total    6.6
   Term Insurance                 Term Insurance                  Term Insurance
ace Amount Lapse Rates        Face Amount Lapse Rates         Face Amount Lapse Rates

        YRT                            YRT                             YRT
     Semiannual                      Quarterly                        Monthly

             Exposure      Policy   Lapse    Exposure      Policy   Lapse    Exposure
            Distribution    Year     Rate   Distribution    Year     Rate   Distribution
                9.0%           1     14.0       6.5%           1      4.8      13.7%
                8.6%           2     14.3       8.1%           2      5.2      12.5%
                9.4%           3     12.0       8.5%           3      5.0      11.1%
                8.7%           4     12.9       8.5%           4      4.9       9.4%
                7.7%           5     13.8       7.7%           5      5.5       7.9%
                6.6%           6     11.8       6.3%           6      5.9       6.4%
                7.2%           7     11.7       7.3%           7      5.6       6.8%
                6.7%           8     11.2       8.1%           8      6.1       6.3%
                6.5%           9     11.6       7.9%           9      6.1       5.8%
                4.0%          10     11.0       4.6%          10      6.5       3.6%
                3.3%          11     10.7       3.9%          11      6.8       3.2%
                3.4%          12     10.8       3.5%          12      6.9       2.8%
                3.3%          13     10.2       3.2%          13      7.2       2.4%
                2.7%          14     10.3       2.7%          14      7.0       1.8%
                2.5%          15      9.4       2.7%          15      7.0       1.5%
                2.1%          16      9.2       2.2%          16      6.8       1.2%
                1.7%          17     10.0       1.7%          17      6.0       0.9%
                1.2%          18      9.4       1.2%          18      6.4       0.6%
                1.0%          19      8.7       1.1%          19      6.8       0.6%
                1.0%          20      9.9       1.1%          20      6.4       0.5%
                0.6%          21      9.9       0.7%          21      6.9       0.3%
                0.9%          22      9.3       0.7%          22      5.8       0.3%
                0.5%          23     11.2       0.5%          23      6.2       0.2%
                0.3%          24     11.2       0.3%          24      8.1       0.1%
                0.3%          25     10.7       0.3%          25      7.7       0.1%
                0.4%        26-29    12.4       0.4%        26-29     7.6       0.1%
                0.3%         30+      9.9       0.3%         30+     11.0       0.0%

               100.0%       Total    11.9        100.0%     Total    5.6        100.0%
          Term Insurance                     Term Insurance                     Term Insurance
         Policy Lapse Rates                 Policy Lapse Rates                 Policy Lapse Rates

           10 year term                       10 year term                       10 year term
              Annual                           Semiannual                         Quarterly

Policy     Lapse     Exposure      Policy     Lapse     Exposure      Policy     Lapse
 Year       Rate    Distribution    Year       Rate    Distribution    Year       Rate
   1         7.5       13.4%         1          8.1        7.5%          1        19.8
   2         9.0       11.5%         2         10.1        7.3%          2        18.4
   3         7.5       10.5%         3          8.1        7.6%          3        14.8
   4         6.6       10.0%         4          7.5        7.3%          4        15.0
   5         7.5        8.1%         5          8.0        7.3%          5        13.0
   6         7.3        6.2%         6          9.0        6.9%          6        10.2
   7         7.0        6.5%         7          8.1        7.8%          7         9.2
   8         6.7        6.7%         8          7.8        9.1%          8         8.5
   9         4.8        5.5%         9          4.9        7.6%          9         6.1
  10        45.6        3.1%         10        40.6        4.0%         10        51.9
  11        61.0        0.8%         11        57.8        1.3%         11        63.9
  12        28.1        0.4%         12        28.2        0.5%         12        33.8
  13        16.6        1.0%         13        13.7        1.3%         13        23.1
  14        14.3        2.8%         14        12.5        4.4%         14        17.7
  15        12.4        4.9%         15        10.8        7.4%         15        16.3
  16        10.4        4.9%         16         7.8        7.3%         16        14.9
  17         7.9        3.7%         17         6.8        5.3%         17        14.0




 Total       9.7       100.0%       Total      10.4       100.0%       Total      16.4
 Term Insurance                     Term Insurance                  Term Insurance
Policy Lapse Rates                 Policy Lapse Rates           Face Amount Lapse Rates

  10 year term                       10 year term                     10 year term
   Quarterly                           Monthly                           Annual

            Exposure      Policy     Lapse     Exposure      Policy   Lapse    Exposure
           Distribution    Year       Rate    Distribution    Year     Rate   Distribution
               7.2%          1         5.4        8.8%          1       5.5      22.7%
               7.1%          2         8.9        9.4%          2       8.5      17.8%
               7.6%          3         8.0       10.0%          3       7.4      13.7%
               8.1%          4         6.4        9.9%          4       7.7      11.4%
               7.8%          5         7.5        9.1%          5       7.3       8.8%
               6.5%          6        11.2        7.2%          6       7.7       5.3%
               7.6%          7         8.8        7.4%          7       8.3       5.3%
               9.4%          8         8.2        9.3%          8       6.7       4.7%
               7.6%          9         5.5        7.0%          9       4.8       3.1%
               4.6%         10        27.7        1.7%         10      43.5       1.4%
               1.9%         11        53.7        0.9%         11      62.4       0.3%
               0.6%         12        19.6        0.5%         12      18.9       0.1%
               1.4%         13         5.9        1.3%         13      14.8       0.3%
               4.1%         14         2.4        3.3%         14      16.1       0.9%
               6.9%         15         2.4        5.2%         15      13.6       1.5%
               6.9%         16         2.5        5.3%         16      10.7       1.5%
               4.8%         17         2.2        3.8%         17       8.4       1.2%




              100.0%       Total       7.6       100.0%       Total    8.1       100.0%
       Term Insurance                  Term Insurance                 Term Insurance
   Face Amount Lapse Rates         Face Amount Lapse Rates        Face Amount Lapse Rates

         10 year term                    10 year term                    10 year term
          Semiannual                      Quarterly                        Monthly

Policy   Lapse    Exposure      Policy   Lapse    Exposure      Policy   Lapse
 Year     Rate   Distribution    Year     Rate   Distribution    Year     Rate
  1        5.3      15.9%          1      13.5      14.4%          1       3.7
  2        8.8      12.0%          2      15.3      12.6%          2       5.7
  3        8.4      10.4%          3      12.3      11.2%          3       5.2
  4        8.2       9.1%          4      14.8      10.6%          4       5.1
  5        7.3       9.1%          5      12.6       9.0%          5       5.8
  6       13.0       7.1%          6      11.1       5.2%          6       9.6
  7       11.7       7.6%          7      10.4       5.9%          7       8.4
  8        8.3       7.8%          8       9.1       6.3%          8       7.2
  9        4.8       5.9%          9       6.6       5.0%          9       4.6
  10      40.1       2.4%         10      52.7       3.4%         10      22.1
  11      56.4       0.6%         11      66.5       1.2%         11      48.9
  12      21.8       0.2%         12      33.2       0.3%         12      12.6
  13      12.1       0.6%         13      24.9       0.8%         13       3.2
  14      13.0       2.1%         14      18.8       2.5%         14       1.5
  15      12.2       3.5%         15      17.1       4.2%         15       1.9
  16       7.9       3.4%         16      15.7       4.3%         16       2.2
  17       7.0       2.4%         17      14.9       3.0%         17       1.6




 Total    9.5      100.0%        Total    15.3     100.0%        Total    5.7
   Term Insurance
ace Amount Lapse Rates

    10 year term
      Monthly

             Exposure
            Distribution
               14.8%
               14.3%
               13.3%
               12.1%
                9.9%
                6.0%
                5.6%
                6.3%
                4.8%
                1.1%
                0.5%
                0.3%
                0.7%
                1.8%
                3.0%
                3.1%
                2.2%




               100.0%
Universal Life Insurance Lapse Experience (Experience Period 2004-2005)

                                                                           By Gender
                 Universal Life                    Universal Life                 Universal Life
                Policy Lapse Rates            Face Amount Lapse Rates           Policy Lapse Rates

                                                                                       Males

       Policy     Lapse     Exposure       Policy   Lapse    Exposure      Policy
        Year       Rate    Distribution     Year     Rate   Distribution    Year
           1        7.5        5.0%            1      3.2      11.5%           1
           2        6.9        4.9%            2      4.2       9.8%           2
           3        5.5        4.1%            3      4.2       7.4%           3
           4        5.2        3.4%            4      4.7       5.1%           4
           5        4.6        2.9%            5      4.6       4.2%           5
           6        4.5        2.8%            6      5.2       4.0%           6
           7        4.2        2.9%            7      4.5       3.8%           7
           8        3.8        3.3%            8      4.1       3.7%           8
           9        3.6        3.4%            9      4.5       3.3%           9
          10        3.6        3.6%           10      4.0       3.6%          10
          11        3.6        3.8%           11      4.2       3.5%          11
          12        3.6        4.0%           12      5.2       3.4%          12
          13        3.4        4.5%           13      4.1       3.6%          13
          14        3.5        4.7%           14      4.2       3.6%          14
          15        3.6        4.8%           15      4.2       3.6%          15
          16        3.6        5.0%           16      4.3       3.4%          16
          17        3.5        5.1%           17      4.2       3.2%          17
          18        3.5        5.6%           18      4.1       3.3%          18
          19        3.6        6.5%           19      4.0       3.8%          19
          20        3.7        7.2%           20      3.6       4.8%          20
          21        3.9        6.3%           21      4.1       4.0%          21
          22        3.5        4.1%           22      3.8       2.3%          22
          23        3.2        1.6%           23      3.2       0.9%          23
          24        4.4        0.2%           24      4.4       0.1%          24
          25        4.4        0.0%           25      5.2       0.0%          25
        26-29       4.0        0.1%         26-29     4.1       0.1%        26-29
         30+        3.6        0.1%          30+      4.3       0.1%         30+

        Total       4.2       100.0%        Total    4.2      100.0%        Total
By Gender
       Universal Life                     Universal Life                   Universal Life
     Policy Lapse Rates                  Policy Lapse Rates           Face Amount Lapse Rates

            Males                             Females                          Males

        Lapse     Exposure      Policy     Lapse     Exposure      Policy   Lapse    Exposure
         Rate    Distribution    Year       Rate    Distribution    Year     Rate   Distribution
          6.8        4.5%          1         8.3        5.9%           1      3.1      10.3%
          6.6        4.4%          2         7.2        5.6%           2      4.4       9.0%
          5.3        3.8%          3         5.8        4.7%           3      4.4       6.9%
          5.1        3.2%          4         5.2        4.0%           4      4.8       4.7%
          4.5        2.7%          5         4.7        3.3%           5      4.7       3.9%
          4.4        2.6%          6         4.5        3.2%           6      5.3       3.7%
          4.2        2.8%          7         4.2        3.3%           7      4.4       3.6%
          3.7        3.1%          8         3.9        3.6%           8      4.2       3.6%
          3.7        3.2%          9         3.4        3.6%           9      4.6       3.2%
          3.7        3.5%          10        3.4        3.8%          10      4.1       3.6%
          3.6        3.8%          11        3.5        4.0%          11      4.3       3.6%
          3.8        3.9%          12        3.4        4.1%          12      5.4       3.5%
          3.6        4.4%          13        3.2        4.5%          13      4.3       3.7%
          3.6        4.6%          14        3.3        4.7%          14      4.4       3.7%
          3.7        4.8%          15        3.3        4.8%          15      4.4       3.8%
          3.8        5.0%          16        3.2        4.7%          16      4.4       3.7%
          3.8        5.2%          17        3.1        4.9%          17      4.5       3.5%
          3.8        5.7%          18        3.1        5.2%          18      4.3       3.5%
          3.9        6.8%          19        3.1        5.9%          19      4.2       4.1%
          4.0        7.9%          20        3.2        6.2%          20      3.6       5.7%
          4.3        7.2%          21        3.3        5.2%          21      4.3       4.8%
          3.8        4.6%          22        2.9        3.4%          22      4.0       2.7%
          3.5        1.9%          23        2.7        1.3%          23      3.4       1.1%
          4.6        0.2%          24        4.0        0.1%          24      4.5       0.2%
                                   25                                 25
                                 26-29                              26-29
                                  30+                                30+

          4.2       100.0%       Total       4.1        100.0%      Total    4.3       100.0%
                                By Issue Age
        Universal Life                 Universal Life                      Universal Life
   Face Amount Lapse Rates            Policy Lapse Rates                  Policy Lapse Rates

           Females                         Under 20                             20-29

Policy   Lapse    Exposure      Policy   Lapse     Exposure      Policy
 Year     Rate   Distribution    Year     Rate    Distribution    Year
   1       3.4      13.7%          1      10.9        4.9%          1
   2       3.9      11.4%          2       8.7        4.7%          2
   3       3.9       8.5%          3       5.6        3.8%          3
   4       4.5       5.9%          4       4.9        3.8%          4
   5       4.6       4.8%          5       4.0        3.4%          5
   6       5.1       4.5%          6       3.6        3.4%          6
   7       4.8       4.2%          7       3.2        3.4%          7
   8       4.1       3.9%          8       3.0        3.6%          8
   9       4.3       3.4%          9       2.6        3.8%          9
   10      3.7       3.5%         10       2.9        3.9%         10
   11      4.0       3.4%         11       2.8        4.2%         11
   12      4.8       3.1%         12       2.8        4.3%         12
   13      3.5       3.3%         13       2.8        4.6%         13
   14      3.7       3.4%         14       2.6        4.6%         14
   15      3.7       3.2%         15       2.5        4.5%         15
   16      4.1       2.9%         16       2.7        4.8%         16
   17      3.7       2.7%         17       2.7        4.9%         17
   18      3.4       2.8%         18       3.0        5.3%         18
   19      3.5       3.1%         19       3.0        6.2%         19
   20      3.3       3.2%         20       3.0        6.7%         20
   21      3.6       2.7%         21       3.1        6.2%         21
   22      3.3       1.6%         22       2.9        4.9%         22
   23      2.7       0.6%
   24      4.1       0.1%
   25
 26-29
  30+

 Total    3.9        100.0%      Total     3.8        100.0%      Total
 Universal Life                     Universal Life                     Universal Life
Policy Lapse Rates                 Policy Lapse Rates                 Policy Lapse Rates

      20-29                              30-39                              40-49

  Lapse     Exposure      Policy     Lapse     Exposure      Policy     Lapse     Exposure
   Rate    Distribution    Year       Rate    Distribution    Year       Rate    Distribution
   12.5        4.7%         1          9.2        3.2%          1         6.1        4.3%
   10.8        4.3%         2          8.2        3.3%          2         6.1        4.4%
    8.5        3.7%         3          7.0        3.1%          3         5.2        4.0%
    7.6        3.4%         4          6.0        2.7%          4         4.9        3.1%
    6.1        2.7%         5          5.5        2.3%          5         4.8        2.7%
    6.1        2.6%         6          5.1        2.3%          6         4.5        2.6%
    5.2        2.6%         7          5.0        2.5%          7         4.5        2.9%
    5.3        2.8%         8          4.5        2.9%          8         3.9        3.5%
    4.5        3.0%         9          3.9        3.1%          9         3.8        3.5%
    4.2        3.3%         10         3.9        3.5%         10         3.8        3.9%
    3.9        3.6%         11         3.7        3.7%         11         3.9        4.1%
    3.9        3.8%         12         3.8        3.9%         12         4.0        4.3%
    3.8        4.3%         13         3.4        4.6%         13         3.6        4.9%
    3.5        4.7%         14         3.4        5.0%         14         3.9        5.2%
    3.5        4.9%         15         3.6        5.2%         15         3.9        5.3%
    3.3        5.3%         16         3.7        5.4%         16         4.2        5.5%
    3.3        5.6%         17         3.5        5.6%         17         4.1        5.5%
    3.0        6.1%         18         3.4        6.4%         18         4.1        5.9%
    3.1        7.5%         19         3.5        8.0%         19         4.2        6.9%
    3.2        8.4%         20         3.7        9.3%         20         4.4        7.6%
    3.2        7.5%         21         4.0        8.5%         21         5.0        6.5%
    2.9        5.2%         22         3.8        5.3%         22         4.5        3.5%




    4.7       100.0%       Total       4.3       100.0%       Total       4.4       100.0%
          Universal Life                     Universal Life                      Universal Life
         Policy Lapse Rates                 Policy Lapse Rates                  Policy Lapse Rates

               50-59                              60-69                            70 and older

Policy     Lapse     Exposure      Policy     Lapse      Exposure      Policy
 Year       Rate    Distribution    Year       Rate     Distribution    Year
   1         3.6        7.1%         1          2.5         9.4%          1
   2         4.6        7.0%         2          3.2         8.9%          2
   3         4.0        5.9%         3          3.0         7.1%          3
   4         3.9        4.1%         4          3.2         4.9%          4
   5         3.8        3.3%         5          3.5         3.9%          5
   6         4.2        3.2%         6          3.4         3.7%          6
   7         4.0        3.3%         7          3.2         3.7%          7
   8         3.2        3.8%         8          2.5         4.0%          8
   9         3.9        3.7%         9          3.3         4.2%          9
  10         3.7        3.9%         10         3.1         3.9%         10
  11         4.1        4.0%         11         3.3         4.1%         11
  12         4.1        4.1%         12         3.3         4.4%         12
  13         3.9        4.5%         13         3.4         4.8%         13
  14         4.4        4.6%         14         3.8         5.0%         14
  15         4.3        4.8%         15         4.1         5.0%         15
  16         4.1        4.9%         16         4.0         4.9%         16
  17         4.3        4.8%         17         3.7         4.6%         17
  18         4.0        5.3%         18         4.2         4.6%
  19         4.6        5.5%         19         4.5         3.5%
  20         5.1        5.8%         20         5.9         2.9%
  21         5.1        4.4%         21         5.3         1.9%
  22         4.4        2.1%         22         3.7         0.8%




 Total       4.2       100.0%       Total       3.5       100.0%        Total
 Universal Life                    Universal Life                  Universal Life
Policy Lapse Rates            Face Amount Lapse Rates         Face Amount Lapse Rates

   70 and older                      Under 20                          20-29

  Lapse      Exposure      Policy   Lapse    Exposure      Policy   Lapse    Exposure
   Rate     Distribution    Year     Rate   Distribution    Year     Rate   Distribution
    1.9        18.2%          1      10.2       6.4%          1       9.8       6.1%
    2.8        16.0%          2       8.7       5.8%          2      10.4       5.8%
    2.5        12.0%          3       6.0       4.8%          3       8.2       4.9%
    2.6         8.7%          4       5.3       4.4%          4       7.3       4.0%
    2.6         6.6%          5       4.2       3.9%          5       5.8       3.3%
    3.1         5.7%          6       4.0       3.6%          6       6.1       3.0%
    2.6         5.1%          7       3.3       3.5%          7       5.4       2.9%
    2.6         4.5%          8       3.3       3.6%          8       5.3       2.9%
    2.7         4.1%          9       2.8       3.6%          9       5.0       3.0%
    3.5         3.4%         10       3.0       3.7%         10       4.2       3.2%
    3.5         3.2%         11       3.1       4.0%         11       4.2       3.3%
    3.7         2.8%         12       3.0       4.1%         12       3.9       3.4%
    3.5         2.7%         13       3.0       4.4%         13       4.0       4.0%
    4.6         2.4%         14       2.8       4.3%         14       3.9       4.3%
    4.3         1.8%         15       2.7       4.2%         15       3.6       4.5%
    4.1         1.4%         16       2.9       4.4%         16       3.5       4.9%
    5.0         1.3%         17       2.9       4.6%         17       3.3       5.0%
                             18       3.5       5.0%         18       3.1       5.4%
                             19       3.3       5.9%         19       3.4       6.6%
                             20       3.1       6.3%         20       3.3       7.6%
                             21       3.2       5.7%         21       3.4       7.0%
                             22       3.0       3.9%         22       3.2       4.8%




    2.8       100.0%        Total    4.2        100.0%      Total    5.0       100.0%
       Universal Life                   Universal Life                  Universal Life
  Face Amount Lapse Rates          Face Amount Lapse Rates         Face Amount Lapse Rate

            30-39                           40-49                          50-59

Policy   Lapse    Exposure      Policy   Lapse    Exposure      Policy
 Year     Rate   Distribution    Year     Rate   Distribution    Year
  1        5.7       6.3%          1       3.0       9.7%         1
  2        6.1       6.1%          2       4.2       8.8%         2
  3        6.0       5.1%          3       4.3       7.1%         3
  4        5.3       4.1%          4       4.6       4.8%         4
  5        5.2       3.3%          5       4.7       4.0%         5
  6        5.1       3.1%          6       4.3       3.9%         6
  7        5.2       3.4%          7       4.5       4.0%         7
  8        4.4       3.6%          8       4.0       4.3%         8
  9        4.8       3.3%          9       4.5       3.6%         9
  10       4.1       3.8%         10       4.4       4.3%         10
  11       4.1       3.9%         11       4.1       4.2%         11
  12       5.1       3.7%         12       6.6       4.0%         12
  13       3.8       4.2%         13       4.5       4.2%         13
  14       3.9       4.5%         14       4.3       4.2%         14
  15       4.2       4.7%         15       4.8       4.2%         15
  16       4.7       4.6%         16       4.6       3.8%         16
  17       4.1       4.4%         17       4.9       3.4%         17
  18       3.9       4.7%         18       5.1       3.4%         18
  19       3.9       5.8%         19       4.6       3.6%         19
  20       3.8       7.2%         20       4.0       4.9%         20
  21       4.4       6.4%         21       4.8       3.8%         21
  22       4.3       3.8%         22       4.7       1.9%         22




 Total    4.6       100.0%       Total    4.4       100.0%       Total
     Universal Life                  Universal Life                  Universal Life
Face Amount Lapse Rates         Face Amount Lapse Rates         Face Amount Lapse Rates

        50-59                            60-69                        70 and older

     Lapse     Exposure      Policy   Lapse    Exposure      Policy   Lapse
      Rate    Distribution    Year     Rate   Distribution    Year     Rate
       2.2       14.4%          1       1.6      19.2%          1       1.1
       3.5       12.6%          2       2.4      16.0%          2       1.6
       3.8        9.4%          3       2.5      11.1%          3       1.6
       4.8        5.8%          4       4.3       6.9%          4       2.1
       4.0        4.8%          5       5.4       5.8%          5       3.2
       5.6        4.8%          6       5.7       5.4%          6       5.9
       4.1        4.6%          7       5.4       4.4%          7       2.8
       4.4        4.3%          8       4.0       3.6%          8       2.2
       5.2        3.4%          9       4.6       3.2%          9       2.5
       4.0        3.7%         10       3.7       3.1%         10       2.6
       5.1        3.6%         11       3.9       2.9%         11       3.1
       5.7        3.3%         12       4.2       2.6%         12       4.4
       4.8        3.2%         13       3.5       2.6%         13       2.5
       5.4        3.1%         14       4.4       2.7%         14       4.1
       4.9        2.9%         15       4.0       2.4%         15       3.1
       5.0        2.6%         16       4.2       1.8%         16       3.9
       5.5        2.2%         17       4.4       1.4%         17       6.2
       4.7        2.1%         18       3.9       1.2%
       4.9        2.1%         19       5.4       1.0%
       3.1        3.7%         20       3.4       1.4%
       4.1        2.5%         21       3.3       0.9%
       3.3        1.1%         22       2.1       0.4%




       4.1      100.0%        Total    3.4       100.0%       Total    2.0
                           By Attained Age
    Universal Life                Universal Life                 Universal Life
ace Amount Lapse Rates           Policy Lapse Rates         Face Amount Lapse Rates

    70 and older

             Exposure              Lapse     Exposure            Lapse    Exposure
            Distribution    Age     Rate    Distribution   Age    Rate   Distribution
               29.9%          0      5.2        0.1%         0     5.0       0.0%
               20.9%          1      6.2        0.2%         1     6.4       0.1%
               13.3%          2      6.1        0.3%         2     6.7       0.1%
                8.5%          3      5.6        0.3%         3     6.3       0.1%
                6.3%          4      5.8        0.3%         4     6.3       0.1%
                5.2%          5      5.5        0.4%         5     6.1       0.1%
                3.8%          6      5.1        0.4%         6     5.5       0.1%
                2.5%          7      4.8        0.4%         7     5.5       0.2%
                2.0%          8      4.1        0.5%         8     4.7       0.2%
                1.8%          9      4.2        0.5%         9     4.7       0.2%
                1.6%         10      3.9        0.5%        10     4.4       0.2%
                1.2%         11      3.7        0.6%        11     4.2       0.2%
                1.1%         12      3.7        0.6%        12     4.2       0.2%
                0.8%         13      3.5        0.7%        13     3.9       0.2%
                0.5%         14      3.2        0.7%        14     3.7       0.2%
                0.3%         15      3.0        0.7%        15     3.7       0.2%
                0.2%         16      3.1        0.8%        16     3.5       0.2%
                             17      3.1        0.8%        17     3.7       0.3%
                             18      3.8        0.9%        18     4.5       0.3%
                             19      4.0        0.9%        19     4.8       0.3%
                             20      4.3        0.9%        20     5.1       0.3%
                             21      4.5        0.9%        21     5.4       0.3%
                             22      4.9        1.0%        22     6.0       0.3%
                             23      5.1        1.0%        23     6.1       0.4%
                             24      5.5        1.0%        24     6.7       0.4%
                             25      5.6        1.0%        25     6.6       0.4%
                             26      5.7        1.0%        26     6.7       0.5%
                             27      5.7        1.0%        27     6.6       0.5%
               100.0%        28      5.7        1.0%        28     6.7       0.5%
                             29      5.7        1.0%        29     6.7       0.6%
                             30      5.4        1.0%        30     5.7       0.6%
                             31      5.4        1.1%        31     6.4       0.7%
                             32      5.2        1.1%        32     5.8       0.8%
                             33      5.2        1.3%        33     5.5       0.9%
                             34      4.9        1.4%        34     5.2       1.0%
                             35      4.9        1.4%        35     5.1       1.1%
                             36      4.9        1.4%        36     5.2       1.2%
                             37      4.4        1.4%        37     4.9       1.2%
                             38      4.4        1.5%        38     4.8       1.3%
                             39      4.3        1.6%        39     4.3       1.5%
                             40      4.3        1.7%        40     4.6       1.6%
                             41      4.0        1.8%        41     4.2       1.8%
                             42      3.9        1.9%        42     4.0       1.9%
 43     3.9   2.0%      43     4.0   2.0%
 44     3.9   2.1%      44     3.9   2.1%
 45     3.8   2.2%      45     4.0   2.3%
 46     3.8   2.3%      46     4.1   2.4%
 47     3.7   2.3%      47     4.0   2.5%
 48     3.7   2.4%      48     4.0   2.6%
 49     3.7   2.4%      49     3.8   2.7%
 50     3.8   2.4%      50     3.8   2.7%
 51     3.7   2.4%      51     4.1   2.7%
 52     3.7   2.4%      52     4.0   2.7%
 53     3.8   2.4%      53     4.0   2.8%
 54     3.9   2.3%      54     4.0   2.7%
 55     3.8   2.3%      55     4.0   2.7%
 56     3.8   2.3%      56     4.3   2.7%
 57     3.9   2.3%      57     4.0   2.8%
 58     4.0   2.2%      58     4.1   2.8%
 59     4.0   1.9%      59     4.2   2.4%
 60     4.1   1.7%      60     4.5   2.2%
 61     4.0   1.7%      61     4.1   2.2%
 62     4.0   1.7%      62     3.9   2.2%
 63     4.0   1.5%      63     4.3   2.0%
 64     4.2   1.4%      64     4.0   1.8%
 65     4.3   1.3%      65     4.0   1.7%
 66     4.2   1.2%      66     4.5   1.7%
 67     4.0   1.1%      67     3.8   1.6%
 68     4.1   1.0%      68     4.4   1.4%
 69     4.1   1.0%      69     4.0   1.4%
 70     4.1   0.9%      70     3.9   1.3%
 71     3.9   0.8%      71     3.6   1.3%
 72     3.7   0.8%      72     3.2   1.2%
 73     3.8   0.8%      73     3.9   1.1%
 74     3.8   0.7%      74     3.1   1.2%
 75     3.8   0.7%      75     3.4   1.1%
 76     3.7   0.6%      76     3.3   1.0%
 77     3.8   0.6%      77     2.9   1.0%
 78     3.8   0.5%      78     2.9   0.9%
 79     3.6   0.5%      79     3.3   0.8%
 80     3.7   0.4%      80     2.2   0.7%
 81     3.6   0.4%      81     2.0   0.6%
 82     3.9   0.3%      82     2.9   0.6%
 83     3.5   0.3%      83     1.9   0.5%
 84     3.5   0.2%      84     2.1   0.4%
 85     3.5   0.2%      85     2.1   0.3%
 86     3.8   0.1%      86     2.1   0.2%
 87     3.2   0.1%      87     1.8   0.2%
 88     3.9   0.1%      88     1.7   0.1%
 89     4.0   0.1%      89     3.1   0.1%

Total   4.2   100.0%   Total   4.2   100.0%
By Risk Class
        Universal Life                     Universal Life                     Universal Life
      Policy Lapse Rates                  Policy Lapse Rates                 Policy Lapse Rates

           Preferred                          Standard                          Substandard

Policy   Lapse     Exposure      Policy     Lapse     Exposure      Policy     Lapse
 Year     Rate    Distribution    Year       Rate    Distribution    Year       Rate
   1       2.7        7.5%          1        10.9        7.0%         1          7.3
   2       3.2        6.3%          2         7.9        6.5%         2          5.3
   3       3.8        5.3%          3         5.8        5.1%         3          4.6
   4       3.7        3.1%          4         5.2        4.6%         4          4.9
   5       4.1        2.1%          5         4.1        3.7%         5          4.1
   6       5.1        2.1%          6         3.6        3.4%         6          3.5
   7       5.3        2.1%          7         3.3        3.6%         7          3.4
   8       4.9        2.5%          8         3.6        4.0%         8          3.8
   9       4.3        3.3%          9         2.9        4.1%         9          3.6
  10       4.5        4.6%         10         2.9        4.5%         10         3.5
  11       4.2        4.6%         11         2.8        5.0%         11         3.5
  12       4.1        5.2%         12         3.0        5.9%         12         3.5
  13       4.6        6.8%         13         2.9        6.6%         13         3.8
  14       4.4        9.3%         14         3.0        6.9%         14         4.6
  15       4.9        9.3%         15         3.1        7.3%         15         4.8
  16       4.8       10.4%         16         3.2        7.7%         16         5.1
  17       5.3        7.8%         17         3.2        7.5%         17         4.9
  18       5.0        7.6%         18         3.1        6.8%         18         5.6




 Total    4.4          100.0%     Total       4.2        100.0%      Total       4.7
 Universal Life                   Universal Life                 Universal Life
Policy Lapse Rates           Face Amount Lapse Rates        Face Amount Lapse Rates

   Substandard                      Preferred                        Standard

            Exposure      Policy   Lapse    Exposure      Policy   Lapse    Exposure
           Distribution    Year     Rate   Distribution    Year     Rate   Distribution
              11.6%          1       0.7      18.9%          1       5.8       9.6%
              10.1%          2       1.6      14.9%          2       4.8       8.7%
               8.8%          3       2.0      11.3%          3       4.4       6.4%
               6.6%          4       4.5       6.4%          4       4.4       4.8%
               4.2%          5       3.6       5.7%          5       4.5       4.1%
               3.7%          6       5.8       5.2%          6       5.1       3.8%
               3.7%          7       6.0       3.7%          7       4.9       3.5%
               4.1%          8       5.0       2.9%          8       4.1       3.5%
               4.3%          9       5.1       2.7%          9       4.0       3.6%
               4.6%         10       3.9       3.2%         10       3.3       4.1%
               4.8%         11       3.9       2.9%         11       3.3       4.5%
               4.8%         12       4.6       2.8%         12       3.5       5.5%
               5.5%         13       4.9       3.2%         13       3.2       5.8%
               5.7%         14       4.4       4.0%         14       3.7       6.2%
               5.4%         15       5.1       3.9%         15       3.7       6.6%
               4.6%         16       5.2       3.4%         16       4.0       6.8%
               3.8%         17       5.7       2.6%         17       3.7       6.5%
               3.6%         18       5.5       2.2%         18       3.5       5.9%




              100.0%       Total    3.3         100.0%     Total    4.2         100.0%
                                By Smoker Status
        Universal Life                Universal Life                      Universal Life
   Face Amount Lapse Rates           Policy Lapse Rates                  Policy Lapse Rates

         Substandard                     Non Smokers                          Smokers

Policy   Lapse    Exposure      Policy   Lapse    Exposure      Policy     Lapse
 Year     Rate   Distribution    Year     Rate   Distribution    Year       Rate
  1        2.5      17.0%          1       7.2       4.9%          1         9.6
  2        3.5      14.3%          2       6.8       5.0%          2        10.4
  3        2.7      11.5%          3       5.5       4.2%          3         8.1
  4        3.9       8.5%          4       5.2       3.5%          4         7.2
  5       10.6       6.5%          5       4.5       2.9%          5         7.1
  6        4.1       5.9%          6       4.4       2.8%          6         6.5
  7        3.6       4.7%          7       4.1       2.9%          7         6.4
  8        4.0       3.6%          8       3.9       3.1%          8         5.9
  9        3.6       3.8%          9       3.5       3.4%          9         5.0
  10       2.3       3.9%         10       3.5       3.7%         10         4.8
  11       2.7       3.4%         11       3.5       3.9%         11         4.7
  12       4.8       2.8%         12       3.5       4.0%         12         4.7
  13       3.7       2.9%         13       3.4       4.5%         13         4.4
  14       3.3       3.6%         14       3.4       4.8%         14         4.1
  15       6.0       3.2%         15       3.5       4.9%         15         4.1
  16       4.7       1.9%         16       3.5       5.1%         16         4.3
  17       5.1       1.4%         17       3.4       5.2%         17         4.4
  18       5.5       1.2%         18       3.3       5.6%         18         4.5
                                  19       3.3       6.5%         19         4.8
                                  20       3.4       7.2%         20         5.0
                                  21       3.7       6.2%         21         5.1
                                  22       3.3       4.0%         22         5.0
                                  23       3.0       1.6%         23         4.1
                                  24       4.3       0.2%         24         4.9




 Total    3.9      100.0%        Total    4.0      100.0%        Total       5.4
 Universal Life                    Universal Life                  Universal Life
Policy Lapse Rates            Face Amount Lapse Rates         Face Amount Lapse Rates

     Smokers                        Non Smokers                       Smokers              Full Medical

             Exposure      Policy   Lapse    Exposure      Policy   Lapse    Exposure
            Distribution    Year     Rate   Distribution    Year     Rate   Distribution
                3.6%          1       3.0      12.0%          1       6.4       8.4%
                3.5%          2       4.0      10.3%          2       7.3       7.3%
                3.2%          3       4.1       7.7%          3       6.1       6.1%
                2.9%          4       4.7       5.1%          4       6.3       4.5%
                2.6%          5       4.6       4.3%          5       6.6       3.9%
                2.7%          6       5.4       3.9%          6       5.7       4.1%
                2.7%          7       4.9       3.5%          7       6.3       3.5%
                2.9%          8       4.7       3.3%          8       5.3       3.2%
                3.3%          9       4.5       3.3%          9       5.5       3.4%
                3.5%         10       4.1       3.5%         10       5.4       3.4%
                3.7%         11       4.2       3.5%         11       4.9       3.3%
                3.8%         12       4.3       3.3%         12       5.8       3.2%
                4.5%         13       4.2       3.5%         13       4.7       3.6%
                5.1%         14       4.1       3.7%         14       4.4       4.0%
                5.5%         15       4.2       3.7%         15       4.4       4.0%
                5.7%         16       4.3       3.5%         16       4.6       4.0%
                5.9%         17       4.2       3.3%         17       4.8       3.9%
                6.7%         18       4.0       3.3%         18       4.8       4.4%
                8.6%         19       3.8       3.7%         19       5.1       5.5%
                8.5%         20       3.4       4.7%         20       4.5       6.7%
                6.4%         21       4.0       3.9%         21       4.8       5.3%
                3.1%         22       3.8       2.2%         22       4.1       3.0%
                1.2%         23       3.2       0.9%         23       2.6       1.3%
                0.3%         24       4.4       0.1%         24       4.5       0.2%




               100.0%       Total    4.1      100.0%        Total    5.4        100.0%
By Underwriting Method
       Universal Life                       Universal Life                     Universal Life
     Policy Lapse Rates                    Policy Lapse Rates                 Policy Lapse Rates

Full Medical Underwriting                     Paramedical                        Non Medical

Policy   Lapse      Exposure      Policy     Lapse     Exposure      Policy     Lapse
 Year     Rate     Distribution    Year       Rate    Distribution    Year       Rate
  1        4.0         8.1%          1         3.8        7.0%          1        10.7
  2        3.9         7.5%          2         4.7        5.8%          2         8.1
  3        3.2         5.3%          3         4.5        5.1%          3         6.2
  4        3.6         3.5%          4         4.4        4.2%          4         5.5
  5        4.4         2.9%          5         4.3        3.6%          5         4.6
  6        4.7         2.7%          6         4.6        3.3%          6         4.1
  7        4.1         2.3%          7         4.4        3.0%          7         3.7
  8        3.8         2.4%          8         4.2        2.9%          8         3.9
  9        3.5         2.8%          9         3.9        3.0%          9         3.0
  10       3.6         2.9%         10         3.9        3.8%         10         3.1
  11       3.3         2.9%         11         4.0        3.8%         11         3.0
  12       3.6         2.5%         12         3.8        3.7%         12         3.0
  13       3.3         3.4%         13         4.0        4.3%         13         2.9
  14       3.8         4.1%         14         4.1        4.5%         14         2.8
  15       3.5         4.7%         15         4.2        4.7%         15         3.0
  16       3.8         5.4%         16         4.0        5.1%         16         3.0
  17       3.4         5.5%         17         4.0        4.9%         17         2.8
  18       3.7         5.9%         18         4.1        5.0%         18         2.8
  19       3.7         6.8%         19         4.6        6.2%         19         3.0
  20       3.6         7.5%         20         4.9        6.9%         20         3.1
  21       3.9         6.6%         21         5.0        5.7%         21         3.1
  22       3.5         4.3%         22         4.9        3.5%         22         2.7




 Total     3.7       100.0%        Total       4.3       100.0%       Total       3.9
 Universal Life                     Universal Life                   Universal Life
Policy Lapse Rates                 Policy Lapse Rates           Face Amount Lapse Rates

   Non Medical                     Simplified Issued            Full Medical Underwriting

            Exposure      Policy     Lapse     Exposure      Policy   Lapse     Exposure
           Distribution    Year       Rate    Distribution    Year     Rate    Distribution
               4.5%          1        11.8        3.7%         1        1.0       20.5%
               4.6%          2        12.7        4.4%         2        1.8       16.7%
               4.0%          3         9.6        4.0%         3        2.1       11.4%
               3.7%          4         8.2        4.4%         4        4.4        6.5%
               3.1%          5         6.3        5.0%         5        4.8        5.3%
               2.9%          6         6.8        5.3%         6        6.7        4.8%
               3.2%          7         6.6        3.1%         7        6.5        3.3%
               3.4%          8         5.0        3.7%         8        5.8        2.2%
               3.4%          9         5.3        4.0%         9        5.5        2.1%
               3.4%         10         6.3        2.5%         10       3.8        2.1%
               3.8%         11         5.0        2.7%         11       4.0        2.0%
               4.0%         12         5.6        3.0%         12       5.7        1.6%
               4.5%         13         4.8        3.2%         13       4.3        1.6%
               4.7%         14         4.2        3.7%         14       5.2        2.0%
               4.9%         15         4.4        2.2%         15       5.3        2.2%
               5.1%         16         3.9        5.8%         16       5.5        2.5%
               5.2%         17         4.1        4.6%         17       4.8        2.3%
               5.5%         18         3.8        8.2%         18       4.7        2.3%
               6.5%         19         3.6       10.2%         19       4.3        2.4%
               7.6%         20         4.2        8.3%         20       4.4        2.6%
               6.9%         21         4.2        6.0%         21       4.7        2.2%
               5.2%         22         4.9        2.1%         22       3.8        1.4%




              100.0%       Total       5.7       100.0%       Total    3.3       100.0%
       Universal Life                   Universal Life                 Universal Life
  Face Amount Lapse Rates          Face Amount Lapse Rates        Face Amount Lapse Rates

         Paramedical                     Non Medical                     Simplified Issue

Policy   Lapse    Exposure      Policy   Lapse    Exposure      Policy   Lapse
 Year     Rate   Distribution    Year     Rate   Distribution    Year     Rate
   1       2.1      13.4%          1       8.2       6.2%          1       6.2
   2       3.6      10.8%          2       7.8       6.0%          2       9.8
   3       3.3       9.5%          3       6.4       4.9%          3       8.3
   4       3.9       7.0%          4       5.6       4.2%          4       8.7
   5       4.4       6.3%          5       5.0       3.2%          5       5.8
   6       5.3       5.4%          6       4.8       2.8%          6       7.0
   7       5.2       3.9%          7       4.0       3.6%          7       8.3
   8       4.9       3.2%          8       4.3       3.7%          8       5.1
   9       4.7       2.9%          9       3.5       3.5%          9       8.0
  10       4.5       3.3%         10       3.5       3.2%         10       5.6
  11       4.5       2.9%         11       3.4       3.4%         11       2.4
  12       4.2       2.6%         12       3.3       3.4%         12       4.6
  13       4.3       2.7%         13       3.3       3.8%         13       6.4
  14       4.2       2.8%         14       3.1       4.1%         14       5.0
  15       4.8       2.8%         15       3.4       4.4%         15       4.4
  16       4.4       2.9%         16       3.5       4.7%         16       4.1
  17       4.4       2.7%         17       3.3       4.8%         17       3.7
  18       4.3       2.7%         18       3.2       5.2%         18       3.6
  19       4.3       3.1%         19       3.3       6.3%         19       4.0
  20       4.3       3.6%         20       3.4       7.3%         20       4.2
  21       4.6       3.3%         21       3.3       6.7%         21       4.2
  22       4.1       2.3%         22       3.0       4.6%         22       5.3




 Total    4.0      100.0%        Total    4.3      100.0%        Total     4.3
                            By Death Benefit Option
    Universal Life                 Universal Life                        Universal Life
ace Amount Lapse Rates            Policy Lapse Rates                    Policy Lapse Rates

   Simplified Issue                  Level Death Benefit          Level Net Amount at Risk

              Exposure      Policy     Lapse     Exposure      Policy     Lapse     Exposure
             Distribution    Year       Rate    Distribution    Year       Rate    Distribution
                 5.4%          1         6.6       10.8%          1         9.7        5.5%
                 7.5%          2         6.9       10.5%          2         8.5        5.6%
                 6.2%          3         5.9        8.2%          3         7.8        5.5%
                 7.4%          4         5.7        5.3%          4         8.0        3.2%
                 8.4%          5         4.7        3.8%          5         7.8        1.5%
                 7.7%          6         4.9        3.4%          6         6.2        1.3%
                 2.5%          7         4.8        3.2%          7         6.4        1.5%
                 3.3%          8         4.6        3.3%          8         5.3        1.6%
                 1.9%          9         4.8        3.2%          9         6.1        1.8%
                 2.5%         10         4.9        3.9%         10         5.1        2.1%
                 4.5%         11         5.5        3.0%         11         4.5        2.1%
                 3.5%         12         5.2        4.5%         12         4.1        2.7%
                 3.9%         13         5.3        5.7%         13         4.7        4.1%
                 3.0%         14         5.1        7.1%         14         4.4        6.9%
                 1.6%         15         5.2        5.0%         15         4.5        7.8%
                 3.0%         16         4.1        2.5%         16         4.1        5.7%
                 2.7%         17         4.7        2.7%         17         3.9        7.0%
                 5.0%         18         4.4        2.8%         18         3.6        6.9%
                 6.3%         19         4.3        3.2%         19         3.4        6.5%
                 5.9%         20         4.8        4.0%         20         3.6        9.5%
                 5.7%         21         4.8        3.0%         21         4.0        8.5%
                 2.2%         22         3.8        0.8%         22         2.3        2.8%




                100.0%       Total       5.4       100.0%       Total       5.1       100.0%
        Universal Life                     Universal Life
   Face Amount Lapse Rates            Face Amount Lapse Rates

         Level Death Benefit          Level Net Amount at Risk

Policy     Lapse     Exposure      Policy   Lapse    Exposure
 Year       Rate    Distribution    Year     Rate   Distribution
   1         3.4       20.5%          1       7.9       9.2%
   2         4.3       17.6%          2       8.3       8.4%
   3         5.5       10.5%          3       7.9       7.9%
   4         6.0        5.9%          4       8.5       4.2%
   5         4.8        3.7%          5       8.9       2.1%
   6         5.0        3.4%          6       7.6       1.5%
   7         4.1        3.2%          7       6.6       1.6%
   8         4.9        3.6%          8       6.9       2.0%
   9         5.6        3.3%          9       7.5       2.3%
  10         5.0        3.4%         10       6.4       2.4%
  11         7.1        2.5%         11       4.2       2.4%
  12         5.3        2.8%         12       3.8       2.9%
  13         5.8        3.3%         13       4.9       3.8%
  14         5.4        3.8%         14       5.3       5.9%
  15         6.1        3.1%         15       4.2       6.2%
  16         5.8        1.8%         16       3.8       4.7%
  17         5.4        1.5%         17       4.4       5.2%
  18         4.9        1.4%         18       4.1       5.6%
  19         4.8        1.5%         19       3.5       5.8%
  20         5.3        1.8%         20       3.6       7.1%
  21         5.8        1.3%         21       4.0       6.2%
  22         4.0        0.3%         22       1.9       2.4%




 Total       4.8       100.0%       Total    5.7      100.0%
Variable Universal Life Insurance Lapse Experience (Experience Period 2004-2005)

                                                                                   By Gender
           Variable Universal Life              Variable Universal Life               Variable Universal L
             Policy Lapse Rates                 Face Amount Lapse Rates                 Policy Lapse Rates

                                                                                               Males

        Policy   Lapse    Exposure           Policy   Lapse    Exposure            Policy
         Year     Rate   Distribution         Year     Rate   Distribution          Year
          1        4.3       3.8%               1       2.7       6.6%                1
          2        6.8       3.9%               2       4.7       6.9%                2
          3        7.0       4.3%               3       5.4       7.3%                3
          4        5.9       5.8%               4       5.3       9.0%                4
          5        6.0       6.8%               5       6.2      10.0%                5
          6        6.4       6.7%               6       6.7       9.4%                6
          7        5.9       6.0%               7       5.9       7.6%                7
          8        5.7       6.0%               8       5.6       6.6%                8
          9        5.5       6.0%               9       5.8       5.5%                9
          10       5.4       5.8%              10       5.9       4.5%               10
          11       5.2       6.0%              11       5.4       4.3%               11
          12       4.9       6.8%              12       5.5       4.3%               12
          13       4.7       5.3%              13       5.7       3.2%               13
          14       4.4       4.3%              14       5.1       2.8%               14
          15       3.9       4.0%              15       4.5       2.3%               15
          16       3.9       4.2%              16       4.8       2.5%               16
          17       3.9       3.7%              17       4.8       2.1%               17
          18       3.5       4.1%              18       3.8       2.3%               18
          19       3.4       3.8%              19       3.3       1.8%               19
          20       3.2       2.1%              20       3.5       0.7%               20
          21       3.6       0.5%              21       3.6       0.2%               21




         Total    5.2      100.0%             Total    5.3      100.0%              Total
By Gender
   Variable Universal Life        Variable Universal Life         Variable Universal Life
     Policy Lapse Rates             Policy Lapse Rates            Face Amount Lapse Rates

            Males                         Females                          Males

        Lapse    Exposure      Policy   Lapse    Exposure      Policy   Lapse    Exposure
         Rate   Distribution    Year     Rate   Distribution    Year     Rate   Distribution
          3.9       3.7%          1       4.7       3.9%          1       2.5       6.4%
          6.7       3.8%          2       7.1       4.0%          2       4.6       7.0%
          6.8       4.2%          3       7.2       4.5%          3       5.3       7.2%
          6.0       5.7%          4       5.8       6.0%          4       5.4       8.7%
          6.3       6.6%          5       5.7       7.0%          5       6.3       9.5%
          6.6       6.5%          6       6.2       6.9%          6       6.9       9.0%
          6.1       5.8%          7       5.7       6.2%          7       5.9       7.4%
          5.9       5.8%          8       5.5       6.2%          8       5.6       6.5%
          5.7       5.8%          9       5.2       6.3%          9       5.9       5.5%
          5.7       5.6%         10       4.9       6.1%         10       6.1       4.6%
          5.5       5.9%         11       4.9       6.2%         11       5.5       4.5%
          5.0       6.6%         12       4.7       7.2%         12       5.7       4.4%
          4.9       5.2%         13       4.6       5.6%         13       5.8       3.2%
          4.6       4.3%         14       4.2       4.4%         14       5.3       2.9%
          4.0       4.0%         15       3.7       4.0%         15       4.6       2.4%
          4.0       4.4%         16       3.8       3.9%         16       5.0       2.8%
          4.1       4.0%         17       3.7       3.3%         17       5.1       2.4%
          3.6       4.6%         18       3.4       3.4%         18       3.9       2.6%
          3.4       4.3%         19       3.4       3.1%         19       3.2       2.1%
          3.2       2.5%         20       3.2       1.6%         20       3.7       0.8%
          3.7       0.6%         21       3.4       0.4%         21       3.5       0.2%




          5.2       100.0%      Total    5.1        100.0%      Total    5.4       100.0%
                                By Issue Age
   Variable Universal Life         Variable Universal Life         Variable Universal L
   Face Amount Lapse Rates            Policy Lapse Rates             Policy Lapse Rates

           Females                        Under 20                         20-29

Policy   Lapse    Exposure      Policy   Lapse    Exposure      Policy
 Year     Rate   Distribution    Year     Rate   Distribution    Year
   1       3.0       6.9%          1       4.0       3.8%          1
   2       4.9       6.9%          2       6.8       3.8%          2
   3       5.5       7.5%          3       5.7       3.8%          3
   4       5.1       9.3%          4       5.1       5.1%          4
   5       6.0      10.8%          5       4.6       7.1%          5
   6       6.6      10.1%          6       4.8       7.3%          6
   7       6.0       7.9%          7       4.9       6.4%          7
   8       5.8       6.9%          8       4.9       6.8%          8
   9       5.6       5.5%          9       4.4       7.0%          9
  10       5.4       4.5%         10       4.2       7.0%         10
  11       5.3       4.1%         11       4.5       6.3%         11
  12       5.0       4.1%         12       4.3       7.2%         12
  13       5.4       3.2%         13       3.9       6.2%         13
  14       4.7       2.7%         14       3.9       4.6%         14
  15       4.3       2.1%         15       3.5       3.9%         15
  16       4.3       2.1%         16       3.5       3.9%         16
  17       4.0       1.7%         17       3.8       3.1%         17
  18       3.6       1.7%         18       4.3       2.9%         18
  19       3.5       1.4%         19       5.1       2.6%         19
  20       3.1       0.6%         20       4.3       1.3%         20
  21       3.8       0.1%




 Total    5.3        100.0%      Total    4.5        100.0%      Total
Variable Universal Life        Variable Universal Life         Variable Universal Life
  Policy Lapse Rates             Policy Lapse Rates              Policy Lapse Rates

        20-29                           30-39                           40-49

     Lapse    Exposure      Policy   Lapse    Exposure      Policy   Lapse    Exposure
      Rate   Distribution    Year     Rate   Distribution    Year     Rate   Distribution
       6.1       3.8%          1       4.7       3.6%          1       3.9       3.9%
       9.3       3.7%          2       7.2       3.6%          2       6.2       4.1%
       9.4       4.0%          3       7.4       4.1%          3       6.9       4.6%
       7.5       4.9%          4       6.4       5.3%          4       5.8       6.2%
       7.0       5.8%          5       6.4       6.0%          5       6.0       7.1%
       7.7       5.8%          6       6.6       6.0%          6       6.6       7.1%
       7.2       5.2%          7       5.8       5.5%          7       5.8       6.3%
       6.7       5.5%          8       5.9       5.6%          8       5.5       6.1%
       6.4       5.8%          9       5.6       5.7%          9       5.5       6.0%
       6.4       5.7%         10       5.5       5.7%         10       5.1       5.7%
       6.0       5.9%         11       5.0       6.0%         11       5.3       6.0%
       5.4       6.6%         12       4.7       6.7%         12       4.7       6.8%
       5.3       5.8%         13       4.6       5.4%         13       4.6       5.0%
       4.8       4.9%         14       4.1       4.7%         14       4.2       4.2%
       4.1       4.8%         15       3.6       4.4%         15       4.0       3.8%
       4.0       5.1%         16       3.7       4.7%         16       4.2       4.1%
       3.8       4.7%         17       3.6       4.5%         17       4.3       3.5%
       3.4       4.7%         18       3.0       4.9%         18       3.7       4.1%
       3.2       4.6%         19       2.9       4.7%         19       3.7       3.7%
       3.0       2.9%         20       2.9       2.8%         20       3.8       1.9%




       5.9      100.0%       Total    5.1       100.0%       Total    5.2       100.0%
   Variable Universal Life         Variable Universal Life         Variable Universal Life
     Policy Lapse Rates              Policy Lapse Rates              Policy Lapse Rates

            50-59                           60-69                        70 and older

Policy   Lapse    Exposure      Policy   Lapse    Exposure      Policy
 Year     Rate   Distribution    Year     Rate   Distribution    Year
   1       2.7       4.3%         1        2.7       4.2%          1
   2       5.2       4.8%         2        4.8       4.7%          2
   3       5.9       5.4%         3        4.7       5.3%          3
   4       5.2       7.9%         4        4.3       8.4%          4
   5       6.0       8.5%         5        5.9       9.2%          5
   6       6.5       8.3%         6        6.2       8.5%          6
   7       6.3       7.1%         7        5.5       7.4%          7
   8       5.8       6.5%         8        5.6       7.3%          8
   9       5.7       5.8%         9        5.6       7.0%          9
  10       5.9       5.3%         10       5.1       6.9%         10
  11       6.0       5.7%         11       5.3       7.3%         11
  12       5.7       6.7%         12       5.4       9.3%         12
  13       5.3       4.3%         13       5.8       5.8%
  14       5.9       3.1%         14       5.8       3.5%
  15       4.9       2.8%         15       5.2       2.6%
  16       4.3       3.0%         16       4.6       2.5%
  17       5.2       2.5%
  18       4.0       3.4%
  19       3.3       3.2%
  20       2.8       1.5%




 Total    5.4       100.0%       Total    5.3       100.0%       Total
Variable Universal Life         Variable Universal Life         Variable Universal Life
  Policy Lapse Rates            Face Amount Lapse Rates         Face Amount Lapse Rates

     70 and older                      Under 20                          20-29

     Lapse     Exposure      Policy   Lapse    Exposure      Policy   Lapse
      Rate    Distribution    Year     Rate   Distribution    Year     Rate
       1.5        4.3%          1       3.2       5.5%          1       5.2
       3.8        5.3%          2       5.5       5.2%          2       8.0
       4.1        6.9%          3       4.3       5.3%          3       8.0
       3.5       12.4%          4       4.3       6.7%          4       7.1
       4.9       12.7%          5       4.2       8.6%          5       6.4
       5.6       11.2%          6       5.6       8.5%          6       7.1
       4.6        9.2%          7       4.5       7.4%          7       6.6
       4.7        8.9%          8       4.5       6.9%          8       6.1
       5.0        7.9%          9       4.1       6.5%          9       5.3
       6.4        6.9%         10       4.1       6.1%         10       5.8
       6.7        6.4%         11       4.1       5.4%         11       5.6
       6.6        7.8%         12       4.1       5.8%         12       5.7
                               13       4.1       5.0%         13       5.1
                               14       4.0       3.9%         14       5.0
                               15       3.8       3.0%         15       4.0
                               16       3.4       3.0%         16       4.4
                               17       3.7       2.3%         17       3.9
                               18       4.1       2.2%         18       3.8
                               19       4.8       2.0%         19       3.2
                               20       4.0       1.0%         20       3.0




       4.9      100.0%        Total    4.3        100.0%      Total    5.9
ariable Universal Life        Variable Universal Life         Variable Universal Life
ace Amount Lapse Rates        Face Amount Lapse Rates         Face Amount Lapse Rates

       20-29                           30-39                          40-49

             Exposure      Policy   Lapse    Exposure      Policy   Lapse      Exposure
            Distribution    Year     Rate   Distribution    Year     Rate     Distribution
                6.6%          1       3.2       6.6%          1       2.1         6.8%
                6.3%          2       5.2       6.6%          2       3.8         7.3%
                6.5%          3       6.2       7.1%          3       5.0         7.5%
                7.6%          4       5.4       8.2%          4       5.3         9.2%
                8.2%          5       6.2       8.7%          5       6.3        10.2%
                7.6%          6       6.1       8.1%          6       7.4         9.7%
                6.3%          7       5.5       6.7%          7       5.9         7.8%
                5.9%          8       5.1       6.2%          8       5.5         6.8%
                5.6%          9       5.4       5.7%          9       6.3         5.5%
                5.0%         10       5.7       5.0%         10       5.7         4.4%
                5.0%         11       4.8       4.9%         11       5.8         4.3%
                5.3%         12       5.1       4.9%         12       5.7         4.1%
                4.2%         13       5.3       3.6%         13       6.5         2.8%
                3.8%         14       4.9       3.4%         14       5.2         2.6%
                3.3%         15       4.0       2.8%         15       5.4         2.0%
                3.4%         16       4.8       3.0%         16       5.2         2.4%
                2.8%         17       4.4       2.5%         17       5.8         2.0%
                2.8%         18       3.4       2.7%         18       4.1         2.2%
                2.5%         19       3.1       2.2%         19       3.3         1.7%
                1.3%         20       3.5       1.0%         20       4.3         0.6%




               100.0%       Total    5.1       100.0%       Total    5.4        100.0%
   Variable Universal Life        Variable Universal Life          Variable Universal Life
   Face Amount Lapse Rates        Face Amount Lapse Rates          Face Amount Lapse Rates

            50-59                           60-69                        70 and older

Policy   Lapse    Exposure      Policy   Lapse    Exposure      Policy
 Year     Rate   Distribution    Year     Rate   Distribution    Year
   1       1.3       6.7%          1       1.4       6.7%           1
   2       3.1       8.0%          2       5.5       8.2%           2
   3       4.3       8.4%          3       3.6       8.7%           3
   4       5.1      10.7%          4       4.2      12.1%           4
   5       5.7      12.0%          5       8.5      14.7%           5
   6       7.0      11.9%          6       7.2      12.9%           6
   7       7.1       9.1%          7       5.8       9.4%           7
   8       6.8       7.4%          8       6.7       7.7%           8
   9       6.8       5.1%          9       7.3       4.9%           9
  10       7.1       3.5%         10       9.0       3.3%          10
  11       6.7       3.1%         11       8.1       2.9%          11
  12       6.7       2.9%         12       6.1       2.8%          12
  13       7.3       2.0%         13       6.8       2.0%          13
  14       7.3       1.6%         14       5.0       1.5%          14
  15       4.7       1.3%         15       8.8       1.1%          15
  16       5.2       1.6%         16       6.5       1.3%          16
  17       6.0       1.4%                                          17
  18       3.6       1.6%                                          18
  19       3.2       1.3%                                          19
  20       2.6       0.4%                                          20
                                                                   21
                                                                   22
                                                                   23
                                                                   24
                                                                   25
                                                                 26-29
                                                                  30+

 Total    5.5       100.0%       Total    6.0       100.0%       Total
                            By Attained Age
Variable Universal Life        Variable Universal Life       Variable Universal Life
Face Amount Lapse Rates           Policy Lapse Rates         Face Amount Lapse Rates

     70 and older

     Lapse    Exposure              Lapse     Exposure            Lapse
      Rate   Distribution    Age     Rate    Distribution   Age    Rate
       0.6       5.0%          0      2.2        0.1%         0     1.8
       3.2       5.8%          1      3.5        0.2%         1     3.2
       3.4       9.3%          2      3.9        0.2%         2     3.3
       4.5      16.5%          3      5.0        0.3%         3     4.1
       5.1      17.5%          4      5.2        0.3%         4     4.8
       4.2      16.0%          5      4.7        0.4%         5     4.4
       3.8      12.3%          6      5.0        0.4%         6     4.8
       3.7       7.7%          7      4.9        0.5%         7     4.6
       4.9       4.2%          8      4.6        0.5%         8     4.8
       6.3       2.2%          9      4.6        0.6%         9     4.7
       4.5       1.6%         10      4.4        0.6%        10     4.3
       8.8       1.8%         11      4.4        0.7%        11     4.3
                              12      4.3        0.7%        12     3.9
                              13      4.4        0.7%        13     4.0
                              14      3.9        0.7%        14     4.1
                              15      4.0        0.7%        15     3.8
                              16      3.7        0.7%        16     3.3
                              17      3.7        0.6%        17     3.5
                              18      4.7        0.6%        18     4.2
                              19      4.7        0.6%        19     4.6
                              20      4.7        0.6%        20     4.1
                              21      4.8        0.6%        21     4.8
                              22      5.0        0.6%        22     4.7
                              23      5.5        0.6%        23     5.1
                              24      5.9        0.6%        24     6.2
                              25      6.0        0.7%        25     5.4
                              26      6.4        0.7%        26     6.1
                              27      6.4        0.8%        27     5.9
       4.2      100.0%        28      7.1        0.8%        28     7.0
                              29      6.8        0.9%        29     6.2
                              30      6.7        1.0%        30     6.2
                              31      6.8        1.1%        31     7.4
                              32      6.8        1.2%        32     5.7
                              33      6.9        1.4%        33     6.2
                              34      6.6        1.6%        34     5.8
                              35      6.5        1.8%        35     5.6
                              36      6.3        1.9%        36     5.5
                              37      6.0        1.9%        37     5.1
                              38      6.1        2.0%        38     5.4
                              39      5.8        2.2%        39     5.4
                              40      5.5        2.4%        40     4.9
                              41      5.5        2.6%        41     5.4
                              42      5.2        2.7%        42     5.1
 43     5.2   2.7%      43     5.0
 44     5.2   2.8%      44     5.5
 45     5.1   2.9%      45     5.0
 46     5.0   2.9%      46     5.0
 47     4.9   2.9%      47     4.7
 48     4.8   2.9%      48     5.2
 49     4.8   2.9%      49     4.7
 50     4.8   2.8%      50     5.1
 51     4.6   2.8%      51     5.0
 52     4.4   2.7%      52     5.2
 53     4.5   2.6%      53     5.2
 54     4.7   2.5%      54     5.4
 55     4.5   2.3%      55     5.3
 56     4.7   2.3%      56     5.3
 57     4.5   2.2%      57     5.3
 58     4.6   2.2%      58     5.6
 59     4.7   1.8%      59     5.7
 60     4.9   1.5%      60     5.2
 61     4.8   1.4%      61     6.2
 62     5.0   1.4%      62     6.1
 63     5.0   1.3%      63     5.8
 64     5.0   1.1%      64     6.0
 65     5.9   0.9%      65     6.3
 66     6.1   0.8%      66     6.0
 67     5.2   0.8%      67     6.0
 68     5.1   0.7%      68     5.6
 69     4.6   0.6%      69     7.6
 70     4.7   0.6%      70     5.6
 71     4.4   0.5%      71     5.4
 72     4.7   0.4%      72     6.2
 73     4.4   0.4%      73     4.6
 74     5.1   0.4%      74     6.4
 75     4.9   0.4%      75     4.5
 76     5.2   0.3%      76     7.7
 77     4.8   0.3%      77     5.4
 78     4.5   0.2%      78     4.9
 79     4.5   0.2%      79     3.9
 80     5.1   0.2%      80     3.9
 81     4.9   0.2%      81     3.6
 82     5.2   0.1%      82     3.1
 83     4.7   0.1%      83     3.4
 84     5.4   0.1%      84     3.8
 85     5.6   0.1%      85     2.3

Total   5.2   100.0%   Total   5.3
                           By Risk Class
ariable Universal Life        Variable Universal Life         Variable Universal Life
ace Amount Lapse Rates           Policy Lapse Rates             Policy Lapse Rates

                                     Preferred                       Standard

             Exposure      Policy   Lapse    Exposure      Policy   Lapse    Exposure
            Distribution    Year     Rate   Distribution    Year     Rate   Distribution
                0.0%           1      5.3       5.7%          1       5.7       2.3%
                0.1%           2      7.2       5.6%          2       8.7       2.1%
                0.1%           3      7.2       8.2%          3       7.0       2.6%
                0.1%           4      4.6      11.0%          4       5.9       3.8%
                0.2%           5      4.8      10.5%          5       5.1       5.3%
                0.2%           6      6.0       8.7%          6       5.7       5.7%
                0.2%           7      5.5       7.4%          7       5.3       5.3%
                0.2%           8      5.6       7.2%          8       5.4       5.8%
                0.2%           9      5.4       6.9%          9       5.0       6.7%
                0.3%          10      5.6       5.9%         10       5.0       7.4%
                0.3%          11      5.3       6.0%         11       5.1       7.9%
                0.3%          12      4.8       6.1%         12       4.7       9.8%
                0.3%          13      4.9       3.8%         13       4.5       8.5%
                0.3%          14      4.9       2.3%         14       4.2       6.6%
                0.3%          15      4.8       1.9%         15       3.6       6.8%
                0.3%          16      5.1       1.6%         16       3.5       6.9%
                0.3%          17      7.3       1.2%         17       3.5       6.7%
                0.3%          18
                0.3%          19
                0.3%          20
                0.3%          21
                0.3%          22
                0.3%          23
                0.4%          24
                0.4%          25
                0.4%        26-29
                0.5%         30+
                0.6%
                0.7%        Total    5.5         100.0%     Total    4.9        100.0%
                0.8%
                0.9%
                1.0%
                1.2%
                1.4%
                1.7%
                1.9%
                2.0%
                2.1%
                2.2%
                2.4%
                2.7%
                2.9%
                2.9%
3.1%
3.2%
3.3%
3.2%
3.3%
3.3%
3.3%
3.2%
3.1%
3.0%
2.9%
2.8%
2.6%
2.5%
2.5%
2.5%
2.0%
1.7%
1.7%
1.6%
1.4%
1.2%
1.0%
0.9%
0.8%
0.7%
0.6%
0.6%
0.5%
0.4%
0.4%
0.4%
0.4%
0.3%
0.3%
0.2%
0.2%
0.2%
0.1%
0.1%
0.1%
0.1%
0.1%

100.0%
   Variable Universal Life        Variable Universal Life          Variable Universal Life
     Policy Lapse Rates           Face Amount Lapse Rates          Face Amount Lapse Rates

         Substandard                      Preferred                        Standard

Policy   Lapse    Exposure      Policy   Lapse    Exposure      Policy   Lapse
 Year     Rate   Distribution    Year     Rate   Distribution    Year     Rate
   1       8.0       2.3%          1       3.8       7.2%          1       4.3
   2       9.2       2.3%          2       6.0       6.8%          2       6.6
   3       8.6       3.6%          3       5.6       9.5%          3       5.5
   4       7.0       5.4%          4       4.5      12.5%          4       4.5
   5       6.4       6.7%          5       5.2      12.9%          5       5.7
   6       7.6       6.1%          6       7.0       9.9%          6       5.5
   7       6.4       5.9%          7       6.2       7.7%          7       4.7
   8       6.8       6.2%          8       5.2       7.1%          8       4.9
   9       5.9       6.8%          9       5.4       6.1%          9       5.1
  10       6.2       7.1%         10       6.4       4.8%         10       4.8
  11       5.7       8.6%         11       5.6       4.2%         11       5.5
  12       5.1      11.7%         12       5.4       4.1%         12       4.9
  13       5.2       9.5%         13       7.2       2.5%         13       5.3
  14       4.7       5.8%         14       4.8       1.6%         14       4.3
  15       4.0       4.9%         15       4.9       1.2%         15       4.0
  16       4.0       4.3%         16       5.1       1.1%         16       3.8
  17       5.3       2.8%         17       9.8       0.7%         17       3.6




 Total    6.0      100.0%        Total    5.5         100.0%     Total    4.9
                                                            By Smoker Status
Variable Universal Life        Variable Universal Life         Variable Universal Life
 ace Amount Lapse Rates        Face Amount Lapse Rates           Policy Lapse Rates

       Standard                      Substandard                     Non Smokers

              Exposure      Policy   Lapse    Exposure      Policy   Lapse    Exposure
             Distribution    Year     Rate   Distribution    Year     Rate   Distribution
                 4.2%          1       6.2       3.8%          1       4.1       3.7%
                 3.7%          2       8.2       3.8%          2       6.6       3.9%
                 4.7%          3       6.4       6.5%          3       7.0       4.3%
                 6.7%          4       7.9      10.9%          4       5.9       5.8%
                 8.8%          5       6.5      12.3%          5       6.0       6.7%
                 8.6%          6       6.1      10.1%          6       6.4       6.7%
                 7.1%          7       7.6       7.6%          7       5.8       6.0%
                 6.8%          8       7.4       6.4%          8       5.7       6.1%
                 6.3%          9       6.9       6.0%          9       5.4       6.1%
                 5.9%         10       6.3       5.4%         10       5.3       6.0%
                 6.0%         11       6.2       5.2%         11       5.2       6.1%
                 7.0%         12       4.4       5.9%         12       4.9       7.0%
                 6.2%         13       4.5       5.4%         13       4.7       5.5%
                 4.8%         14       3.5       3.9%         14       4.4       4.4%
                 4.5%         15       3.7       2.9%         15       3.9       4.1%
                 4.4%         16       3.6       2.3%         16       3.9       4.3%
                 4.2%         17       6.8       1.6%         17       4.0       3.8%
                                                              18       3.5       4.0%
                                                              19       3.5       3.7%
                                                              20       3.2       2.1%




                  100.0%     Total    6.3      100.0%        Total    5.1      100.0%
   Variable Universal Life         Variable Universal Life         Variable Universal Life
     Policy Lapse Rates            Face Amount Lapse Rates         Face Amount Lapse Rates

           Smokers                       Non Smokers                       Smokers

Policy   Lapse    Exposure      Policy   Lapse    Exposure      Policy   Lapse
 Year     Rate   Distribution    Year     Rate   Distribution    Year     Rate
  1        5.9       3.9%          1       2.5       6.6%          1       4.7
  2        8.7       3.8%          2       4.5       7.0%          2       6.6
  3        7.7       4.4%          3       5.3       7.3%          3       6.4
  4        6.7       5.7%          4       5.3       9.0%          4       5.9
  5        6.8       6.6%          5       6.1      10.1%          5       7.1
  6        7.7       6.3%          6       6.7       9.5%          6       7.6
  7        6.4       6.1%          7       5.9       7.6%          7       6.1
  8        5.9       6.0%          8       5.6       6.7%          8       6.4
  9        5.7       6.0%          9       5.8       5.5%          9       6.4
  10       5.5       5.6%         10       5.8       4.6%         10       6.0
  11       5.4       5.9%         11       5.4       4.3%         11       5.6
  12       5.3       6.6%         12       5.4       4.3%         12       6.1
  13       5.0       5.0%         13       5.8       3.1%         13       5.5
  14       4.4       4.2%         14       5.1       2.8%         14       5.0
  15       4.0       3.9%         15       4.5       2.2%         15       4.7
  16       4.1       3.9%         16       5.0       2.5%         16       3.9
  17       3.8       3.6%         17       5.0       2.1%         17       4.4
  18       3.5       5.0%         18       4.0       2.2%         18       3.2
  19       3.2       4.8%         19       3.4       1.7%         19       2.8
  20       3.1       2.7%         20       3.5       0.7%         20       3.6




 Total    5.6        100.0%      Total    5.3      100.0%        Total    5.9
ariable Universal Life
ace Amount Lapse Rates

      Smokers

             Exposure
            Distribution
                6.4%
                6.2%
                7.1%
                8.6%
                9.1%
                8.5%
                7.4%
                6.3%
                5.5%
                4.7%
                4.6%
                4.5%
                3.3%
                3.2%
                2.7%
                2.9%
                2.4%
                2.8%
                2.6%
                1.1%




                100.0%