| PRODUCT SPECIFICATIONS - Variable Life 2008, Volume 2 |
| Product Design Objectives |
| Hartford Life, Hartford Leaders VUL Legacy : Low Premium to Endow; Accelerated Death Benefit Rider; Preferred Plus Issued to Age 85 |
| Hartford Life, Hartford Leaders VUL Liberty : Maximum Income; Maximum Accumulation Value; Rolling Targets; Accelerated Death Benefit Rider |
| Lincoln National Life, AssetEdge VUL : Accumulation Sales; Maximum Income |
| Lincoln National Life, VUL ONE 2007 : Death Benefit Guarantees; Maximum Death Benefits; Cash Value Accumulation; Low Premium to Endow; Hybrid Product |
| Pacific Life, Pacific Select Exec IV : Maximum Cash Value; Maximum Income; High Targets; Riders; Flexibility |
| Introduction Date (Data in This Edition Current 9/1/08) |
| Hartford Life, Hartford Leaders VUL Legacy : Intro. May-08 |
| Hartford Life, Hartford Leaders VUL Liberty : Intro. May-08 |
| Lincoln National Life, AssetEdge VUL : Intro. Sep-08 |
| Lincoln National Life, VUL ONE 2007 : Intro. Aug-07 |
| Pacific Life, Pacific Select Exec IV : Intro. Aug-08 |
| Policy New to Full Disclosure? |
| Hartford Life, Hartford Leaders VUL Legacy : Yes |
| Hartford Life, Hartford Leaders VUL Liberty : Yes |
| Lincoln National Life, AssetEdge VUL : Yes |
| Lincoln National Life, VUL ONE 2007 : No |
| Pacific Life, Pacific Select Exec IV : Yes |
| Issue Amounts & Policy Size Bands |
| Hartford Life, Hartford Leaders VUL Legacy : Minimum: $50,000; $100,000 (Preferred, Preferred Plus Risk); Bands: $25,000-$99,999; $100,000-$999,999; $1,000,000+ |
| Hartford Life, Hartford Leaders VUL Liberty : Minimum: $50,000; $100,000 (Preferred; Preferred Plus Risk); Bands: $25,000-$99,999; $100,000-$99,999; $1,000,000 |
| Lincoln National Life, AssetEdge VUL : Minimum: 100,000; Maximum: subject to underwriting approval. |
| Lincoln National Life, VUL ONE 2007 : Minimum: 100,000; Maximum: subject to individual consideration and underwriting approval |
| Pacific Life, Pacific Select Exec IV : Minimum: $50,000; No Maximum; No Banding |
| Issue Ages & Max Age for Preferred Class |
| Hartford Life, Hartford Leaders VUL Legacy : Ages 16-85; Ages 0-85 (Standard Risk) |
| Hartford Life, Hartford Leaders VUL Liberty : Ages 16-85; Ages 0-85 (Standard Risk) |
| Lincoln National Life, AssetEdge VUL : Ages 20-80 (Preferred Plus/Preferred Nontobacco/Preferred Tobacco); Ages 15-85 (Standard Nontobacco/Standard Tobacco) |
| Lincoln National Life, VUL ONE 2007 : Ages 20-80 (Preferred Plus/Preferred Nontobacco/Preferred Tobacco); Ages 15-85 (Standard Nontobacco/Standard Tobacco) |
| Pacific Life, Pacific Select Exec IV : Ages 0-90; Ages 0-75 (Super Preferred/Preferred Plus); Ages 85 (Preferred) |
| Age Calculation & Basis |
| Hartford Life, Hartford Leaders VUL Legacy : Age Nearest |
| Hartford Life, Hartford Leaders VUL Liberty : Age Nearest |
| Lincoln National Life, AssetEdge VUL : Age Nearest |
| Lincoln National Life, VUL ONE 2007 : Age Nearest |
| Pacific Life, Pacific Select Exec IV : Age Nearest |
| Issue Classes & % Issued |
| Hartford Life, Hartford Leaders VUL Legacy : Preferred Plus Non-Nicotine; Preferred Non-Nicotine; Standard Non-Nicotine; Preferred Nicotine; Standard Nicotine |
| Hartford Life, Hartford Leaders VUL Liberty : Preferred Plus Non-Nicotine; Preferred Non-Nicotine; Standard Non-Nicotine; Preferred Nicotine; Standard Nicotine |
| Lincoln National Life, AssetEdge VUL : Standard Tobacco; Preferred Tobacco; Standard Nontobacco; Preferred Nontobacco; Preferred Plus |
| Lincoln National Life, VUL ONE 2007 : Standard Tobacco; Preferred Tobacco; Standard Nontobacco; Preferred Nontobacco; Preferred Plus |
| Pacific Life, Pacific Select Exec IV : Super Preferred Nonsmoker; Preferred Plus Nonsmoker; Preferred Nonsmoker; Nonsmoker; Preferred Smoker; Smoker |
| Automatic Actions at Maturity/End of Premiums |
| Hartford Life, Hartford Leaders VUL Legacy : The policyholder must elect to have the policy extended 30 days prior to maturity (age 120) if elected, the policy is in force until death. There are no deductions taken beyond age 120, loan interest continues to accrue. |
| Hartford Life, Hartford Leaders VUL Liberty : The policyholder must elect to have the policy extended 30 days prior to maturity (age 120) if elected, the policy is in force until death. There are no deductions taken beyond age 120, loan interest continues to accrue. |
| Lincoln National Life, AssetEdge VUL : Accumulation values are transferred into the Fixed Account, interest will credit at the current rate, loan interest continues to accrue and monthly deductions cease. |
| Lincoln National Life, VUL ONE 2007 : Accumulation value is transferred into the fixed account, interest is credited at the current rate, loan interest continues to accrue and monthly deductions and expenses cease. The full death benefit is automatically extended by contractual guarantee. |
| Pacific Life, Pacific Select Exec IV : Full Death Benefit is extended; no Coos past Age 121 |
| Usual Age of Policy Maturity/End of Premiums |
| Hartford Life, Hartford Leaders VUL Legacy : Age 120 (can be extended in writing to lifetime) |
| Hartford Life, Hartford Leaders VUL Liberty : Age 120 (can be extended in writing to lifetime) |
| Lincoln National Life, AssetEdge VUL : Age 100 |
| Lincoln National Life, VUL ONE 2007 : Age 121 |
| Pacific Life, Pacific Select Exec IV : No maturity age; illustration values end at 121 |
| Extended Maturity Options |
| Hartford Life, Hartford Leaders VUL Legacy : N/A |
| Hartford Life, Hartford Leaders VUL Liberty : N/A |
| Lincoln National Life, AssetEdge VUL : As long as the policy has not lapsed or surrendered at age 100, the full death benefit is extended. |
| Lincoln National Life, VUL ONE 2007 : As long as policy has not lapsed or surrendered at age 121, the full death benefit is extended. |
| Pacific Life, Pacific Select Exec IV : Automatic |
| Treatment of Substandard Risk |
| Hartford Life, Hartford Leaders VUL Legacy : Ratings 100% to 500%, Flat Extras |
| Hartford Life, Hartford Leaders VUL Liberty : Ratings 100% to 500%, Flat Extras |
| Lincoln National Life, AssetEdge VUL : Flat Extras, Percentage Ratings |
| Lincoln National Life, VUL ONE 2007 : Flat Extras, Percentage Ratings |
| Pacific Life, Pacific Select Exec IV : Table Ratings, Flat Extras |
| Fixed Account Specifications |
| Hartford Life, Hartford Leaders VUL Legacy : Current rate: 3.50%; Guaranteed rate: 3.00% |
| Hartford Life, Hartford Leaders VUL Liberty : Current rate: 3.50%; Guaranteed rate: 3.00% |
| Lincoln National Life, AssetEdge VUL : Current rate: 5.05%; Guaranteed rate: 3.00% |
| Lincoln National Life, VUL ONE 2007 : Current rate: 5.05%; Guaranteed rate: 4.00% |
| Pacific Life, Pacific Select Exec IV : Current rate: 4.45% (fixed); 5.35% (fixed LT); Guaranteed rate: 2.50% |
| Account Transfer Limitations |
| Hartford Life, Hartford Leaders VUL Legacy : May be made within 30 days of policy anniversary, Maximum amount: no more than the greater of $1,000 or 25% of accumulated value in the fixed account |
| Hartford Life, Hartford Leaders VUL Liberty : May be made within 30 days of policy anniversary, Maximum amount: no more than the greater of $1,000 or 25% of accumulated value in the fixed account. |
| Lincoln National Life, AssetEdge VUL : Up to 25% of the fixed account value as of the immediately preceding policy anniversary or the total dollar amount that was transferred in the immediately preceding policy year, whichever is greater. |
| Lincoln National Life, VUL ONE 2007 : At any time each policy year, up to the greater of 25% of Acct. Value as of the last anniversary, or the total $ amount transferred from fixed account in prior policy year. |
| Pacific Life, Pacific Select Exec IV : One per 12-month period; 25% maximum (fixed); 10% maximum (fixed LT) |
| Number of Fixed Accounts |
| Hartford Life, Hartford Leaders VUL Legacy : 1 |
| Hartford Life, Hartford Leaders VUL Liberty : 1 |
| Lincoln National Life, AssetEdge VUL : 1 |
| Lincoln National Life, VUL ONE 2007 : 1 |
| Pacific Life, Pacific Select Exec IV : 2 |
| Number of Subaccounts |
| Hartford Life, Hartford Leaders VUL Legacy : 84 |
| Hartford Life, Hartford Leaders VUL Liberty : 84 |
| Lincoln National Life, AssetEdge VUL : 65 subaccounts that are open to new investors |
| Lincoln National Life, VUL ONE 2007 : 65 subaccounts that are open to new investors |
| Pacific Life, Pacific Select Exec IV : 64 |
| Free Transfers Between Subaccounts |
| Hartford Life, Hartford Leaders VUL Legacy : Unlimited: reserve the right to charge for multiple transfers each month (maximum charge is $25) |
| Hartford Life, Hartford Leaders VUL Liberty : Unlimited: reserve the right to charge for multiple transfers each month (maximum charge is $25) |
| Lincoln National Life, AssetEdge VUL : 24 free transfers per policy year, $25 charge in excess of 24. |
| Lincoln National Life, VUL ONE 2007 : 24 free transfers per policy year, $25 charge in excess of 24. |
| Pacific Life, Pacific Select Exec IV : 25 per year |
| Maximum Number of Investment Options |
| Hartford Life, Hartford Leaders VUL Legacy : 20 |
| Hartford Life, Hartford Leaders VUL Liberty : 20 |
| Lincoln National Life, AssetEdge VUL : Unlimited |
| Lincoln National Life, VUL ONE 2007 : Unlimited |
| Pacific Life, Pacific Select Exec IV : Unlimited |
| Automatic Portfolio Rebalancing |
| Hartford Life, Hartford Leaders VUL Legacy : Yes, no fees. |
| Hartford Life, Hartford Leaders VUL Liberty : Yes, no fees. |
| Lincoln National Life, AssetEdge VUL : May select at any time. Not available for funds in the Fixed Account or in conjunction with DCA. No fees. |
| Lincoln National Life, VUL ONE 2007 : Yes, no fees. |
| Pacific Life, Pacific Select Exec IV : Yes, no fees. |
| Dollar-Cost Averaging |
| Hartford Life, Hartford Leaders VUL Legacy : Monthly transfers from designated investment choice to other investment options according to the clients stated allocation instructions. |
| Hartford Life, Hartford Leaders VUL Liberty : Monthly transfers from designated investment choice to other investment options according to the clients stated allocation instructions. |
| Lincoln National Life, AssetEdge VUL : From Fixed or Money Market Account. DCA from Fixed must be selected at issue, DCA from MM may be selected at any time. Allow all money regardless of premium or transfer in the fixed account to be DCAd for the first 12 or 24 months (depending upon what was elected on the addendum). If any money is remaining after the 12th or 24th month, the client could request to sweep the money out of the fixed fund. If they do not request a "sweep", all remaining funds in the fixed account will be subject to the limits on transfers from the fixed account. |
| Lincoln National Life, VUL ONE 2007 : Allow DCA from fixed account and money market. Initial value in money market subaccount must be at least $1,000. Minimum allocation amount is $50.00 per month. Monthly. DCA available at issue from fixed account or money market until the first policy anniversary. |
| Pacific Life, Pacific Select Exec IV : Available anytime; $5000 account value minimum |
| Illustration Enhancements |
| Hartford Life, Hartford Leaders VUL Legacy : None |
| Hartford Life, Hartford Leaders VUL Liberty : None |
| Lincoln National Life, AssetEdge VUL : Persistency bonus; credited to net accumulation value of variable investment options and Fixed Account each month beginning in policy year 21. |
| Lincoln National Life, VUL ONE 2007 : Monthly net accumulation value-based credit. Applies to both the Fixed Account and Variable Sub-accounts. Guaranteed 0.15% annual effective rate (years 21+). |
| Pacific Life, Pacific Select Exec IV : Non-guaranteed persistency credits: 0.20% (years 6-15); 0.35% (years 16-20); 0.50% (years 21+) |
| Premium/Death Benefit Guarantees |
| Hartford Life, Hartford Leaders VUL Legacy : Base NLG: guarantees the policy will stay in force for 10 years/ages 65 or less, grading down to 5 years for issue ages 70-75. Guaranteed not to lapse during the period as long as the sum of premiums (less indebtedness and less withdraws) is at least equal to the cumulative sum of the NLG premium. Enhanced NLG Rider: 20 years for issue ages below 60; decreased 1 year until issue age 70. 10 years for issue ages 70-80 grading to 5 years for issue ages 80-85. It increased the minimum premium requirements. There is a lifetime catch-up. |
| Hartford Life, Hartford Leaders VUL Liberty : Base NLG: guarantees the policy will stay in force for 10 years/ages 65 or less, grading down to 5 years for issue ages 70-75. Guaranteed not to lapse during the period as long as the sum of premiums (less indebtedness and less withdraws) is at least equal to the cumulative sum of the NLG premium. Enhanced NLG Rider: 20 years for issue ages below 60; decreased 1 year until issue age 70. 10 years for issue ages 70-80 grading to 5 years for issue ages 80-85. It increased the minimum premium requirements. There is a lifetime catch-up. |
| Lincoln National Life, AssetEdge VUL : 10 and 20 year no-lapse options that are available automatically at issue except with Death Benefit Option 3 |
| Lincoln National Life, VUL ONE 2007 : Optimal No Lapse Enhancement Rider - secondary death benefit guarantee that provides a guaranteed minimum death benefit as long as the No Lapse Value remains positive. |
| Pacific Life, Pacific Select Exec IV : Rider; up to 20 year/Age 75 guarantee if minimum premiums are paid (duration varies with issue age); additional COI charges apply |
| States Prem/DB Guarantees Not Available |
| Hartford Life, Hartford Leaders VUL Legacy : N/A |
| Hartford Life, Hartford Leaders VUL Liberty : N/A |
| Lincoln National Life, AssetEdge VUL : N/A |
| Lincoln National Life, VUL ONE 2007 : N/A |
| Pacific Life, Pacific Select Exec IV : N/A |
| Catch-Up Provision on Prem/DB Guarantees |
| Hartford Life, Hartford Leaders VUL Legacy : The enhanced NLG rider has a lifetime catch-up. |
| Hartford Life, Hartford Leaders VUL Liberty : The enhanced NLG rider has a lifetime catch-up. |
| Lincoln National Life, AssetEdge VUL : Allowed within respective 10 or 20 year no-lapse periods. |
| Lincoln National Life, VUL ONE 2007 : Client may catch up on premiums at any time while the policy is in force. |
| Pacific Life, Pacific Select Exec IV : Unlimited; pay premiums plus 4.00% interest |
| Secondary Guarantee Basis (Mechanism) NEW |
| Hartford Life, Hartford Leaders VUL Legacy : Premium Based Guarantee |
| Hartford Life, Hartford Leaders VUL Liberty : Premium Based Guarantee |
| Lincoln National Life, AssetEdge VUL : N/A |
| Lincoln National Life, VUL ONE 2007 : Shadow Account |
| Pacific Life, Pacific Select Exec IV : Stipulated Premium |
| Policy Fees |
| Hartford Life, Hartford Leaders VUL Legacy : Admin. charge: $10 per month (Band 1); $7.50 per month (Band 2), current; $10 per month, guaranteed |
| Hartford Life, Hartford Leaders VUL Liberty : Admin. charge: $10 per month (Band 1); $7.50 per month (Band 2), current; $10 per month, guaranteed |
| Lincoln National Life, AssetEdge VUL : Admin. charges: 10 per month, current and guaranteed |
| Lincoln National Life, VUL ONE 2007 : Admin. charges: 10 per month, current and guaranteed |
| Pacific Life, Pacific Select Exec IV : $7.50 per month, current and guaranteed |
| Expense Charges & Loads |
| Hartford Life, Hartford Leaders VUL Legacy : Premium Sales Load: 8.00% (year 1); 4.00% (years 2+), current; 8.00% (years 1-20); 6.00% (years 21+), guaranteed; Per Thousand Face Amount Charge: applies during the first 7 policy years, varies by insureds initial face amount, age, gender and risk class. |
| Hartford Life, Hartford Leaders VUL Liberty : Premium Sales Load: 4.25% (year 1-5); 0.25% (years 6+), current; 5.75%, guaranteed; Per Thousand Face Amount Charge: applies during the first 5 policy years, varies by insureds initial face amount, age, gender and risk class. |
| Lincoln National Life, AssetEdge VUL : Premium load: 3.50%, current; 5.00, guaranteed; Monthly charge per $1,000 of initial or increased specified amount (years 1-10). |
| Lincoln National Life, VUL ONE 2007 : Premium load: 7.00% (years 1-20); 4.00% (years 21+) that represents the federal and state taxes and a portion of the sales load. Monthly charge per $1,000 of initial specified amount (years 1-10). |
| Pacific Life, Pacific Select Exec IV : Premium load: 6.95% (5.95% currently, not guaranteed)(includes state/DAC taxes); Per-$1000 base face amount charges years 1-10 (vary by age, sex, class) |
| Mortality & Expense Charges |
| Hartford Life, Hartford Leaders VUL Legacy : 0.75% (years 1-10); 0.25% (years 11-20); 0.00% (years 21+), current; 0.75% (years 1-10); 0.50% (years 11+), guaranteed |
| Hartford Life, Hartford Leaders VUL Liberty : 0.65% (years 1-10); 0.00% (years 11+), current; 0.65% (years 1-10); 0.40% (years 11-20); 0.25% (years 21+), guaranteed |
| Lincoln National Life, AssetEdge VUL : 0.10% (years 1-20); 0.00% (years 21+), current; 0.20%, guaranteed |
| Lincoln National Life, VUL ONE 2007 : 0.60% (years 1-10); 0.20% (years 11-20); 0.00% (years 21+), current; 0.60% (years 1-10); 0.20% (years 11+), guaranteed |
| Pacific Life, Pacific Select Exec IV : 0.45% on first $25,000 accumulated value; 0.05% on accumulated value in excess of $25,000 all years, guaranteed |
| Net Rate (of avg expenses)/Charges "netted" out of illustrated values? |
| Hartford Life, Hartford Leaders VUL Legacy : 9.34%; No |
| Hartford Life, Hartford Leaders VUL Liberty : 9.34%; No |
| Lincoln National Life, AssetEdge VUL : 9.24%; No |
| Lincoln National Life, VUL ONE 2007 : 9.24%; No |
| Pacific Life, Pacific Select Exec IV : 9.22%; No |
| Subaccounts With 12-b-1 Fees |
| Hartford Life, Hartford Leaders VUL Legacy : 5 Putnam Funds, 11 American Funds, 8 Fidelity Funds, 11 Franklin Templeton Funds, 5 Alliance Bernstein Funds, 5 Oppenheimer Funds |
| Hartford Life, Hartford Leaders VUL Liberty : 5 Putnam Funds, 11 American Funds, 8 Fidelity Funds, 11 Franklin Templeton Funds, 5 Alliance Bernstein Funds, 5 Oppenheimer Funds |
| Lincoln National Life, AssetEdge VUL : All American Funds (AFIS) and Fidelity funds. |
| Lincoln National Life, VUL ONE 2007 : All American Funds (AFIS) and Fidelity funds. |
| Pacific Life, Pacific Select Exec IV : Aggressive Equity (0.02%); Diversified Research (0.01%); Equity Income (0.01%); Mid-Cap Value (0.10%); Large-Cap Value (0.05%) |
| Mortality Charge Structure |
| Hartford Life, Hartford Leaders VUL Legacy : Vary by age, gender, and risk class. |
| Hartford Life, Hartford Leaders VUL Liberty : Vary by age, gender, and risk class. |
| Lincoln National Life, AssetEdge VUL : Select & Ultimate, 25 years |
| Lincoln National Life, VUL ONE 2007 : Select & Ultimate, 25 years |
| Pacific Life, Pacific Select Exec IV : Select & Ultimate, 15 years |
| Mortality Table Utilized (1980/2001) |
| Hartford Life, Hartford Leaders VUL Legacy : 2001 CSO |
| Hartford Life, Hartford Leaders VUL Liberty : 1980 CSO (Will move to 2001 CSO before January 2009) |
| Lincoln National Life, AssetEdge VUL : 2001 CSO |
| Lincoln National Life, VUL ONE 2007 : 2001 CSO |
| Pacific Life, Pacific Select Exec IV : 2001 CSO |
| Ability to Direct Charges |
| Hartford Life, Hartford Leaders VUL Legacy : Yes |
| Hartford Life, Hartford Leaders VUL Liberty : Yes |
| Lincoln National Life, AssetEdge VUL : Client directed monthly deductions are allowed on Lincoln AssetEdgeSM VUL. |
| Lincoln National Life, VUL ONE 2007 : No |
| Pacific Life, Pacific Select Exec IV : Yes |
| Surrender Charges |
| Hartford Life, Hartford Leaders VUL Legacy : 9 years: charges vary by age, gender, and risk class. |
| Hartford Life, Hartford Leaders VUL Liberty : 9 years: charges vary by age, gender, and risk class. |
| Lincoln National Life, AssetEdge VUL : Full policy surrenders are allowed. Surrender charge period graded down by issue ages: Age 50 and below: 15 years; Ages 51-54: graded down to 11 years; Ages 55 and above: 10 years |
| Lincoln National Life, VUL ONE 2007 : Full policy surrenders are allowed. Surrender charge period: 15 years and 15 years after any increase in face amount. |
| Pacific Life, Pacific Select Exec IV : Level Yr 1; decrease monthly at rate of 0.9256% until it is zero at the end of the 120th month |
| Partial Surrenders |
| Hartford Life, Hartford Leaders VUL Legacy : One withdraw is allowed per calendar month, Minimum: $500, Maximum: cash surrender value minus $1,000. |
| Hartford Life, Hartford Leaders VUL Liberty : One withdraw is allowed per calendar month, Minimum: $500, Maximum: cash surrender value minus $1,000. |
| Lincoln National Life, AssetEdge VUL : Partial withdrawals may be made at any time and permanently reduce the accumulation value and death benefit amount. The amount of a partial withdrawal may not exceed 90% of the surrender value of the policy as of the date of the request and may not be less than $500. The specified death benefit amount remaining in force after a partial withdrawal may not be less than $100,000. |
| Lincoln National Life, VUL ONE 2007 : No charge for partial withdrawals and they may be made at any time. The amounts of a partial withdrawal may not exceed 90% of the surrender value of the policy as of the date of the request and may not be less than $500. The specified death benefit amount remaining may not be less than $100,000. |
| Pacific Life, Pacific Select Exec IV : Available after year 1; Minimum: $200; $25 fee each |
| Lapse on Surrender or Cash Values |
| Hartford Life, Hartford Leaders VUL Legacy : Cash Values |
| Hartford Life, Hartford Leaders VUL Liberty : Cash Values |
| Lincoln National Life, AssetEdge VUL : If no lapse provision is not preventing lapse, policy will lapse on either cash value less indebtedness or indebtedness exceeds surrender value. |
| Lincoln National Life, VUL ONE 2007 : If shadow account value is not positive, policy will lapse on either cash value less indebtedness or indebtedness exceeds surrender value. |
| Pacific Life, Pacific Select Exec IV : Cash Values |
| Transaction or Other Fees |
| Hartford Life, Hartford Leaders VUL Legacy : N/A |
| Hartford Life, Hartford Leaders VUL Liberty : N/A |
| Lincoln National Life, AssetEdge VUL : N/A |
| Lincoln National Life, VUL ONE 2007 : N/A |
| Pacific Life, Pacific Select Exec IV : N/A |
| Policy Loan Availability |
| Hartford Life, Hartford Leaders VUL Legacy : Immediately |
| Hartford Life, Hartford Leaders VUL Liberty : Immediately |
| Lincoln National Life, AssetEdge VUL : Immediately |
| Lincoln National Life, VUL ONE 2007 : Immediately |
| Pacific Life, Pacific Select Exec IV : Immediately |
| Current Loan Rate (Fixed/Variable) |
| Hartford Life, Hartford Leaders VUL Legacy : Current rate: 4.00% (years 1-10); 3.00% (years 11+); Credited rate: 3.00% |
| Hartford Life, Hartford Leaders VUL Liberty : Current rate: 4.00% (years 1-10); 3.00% (years 11+); Credited rate: 3.00% |
| Lincoln National Life, AssetEdge VUL : Current rate: 4.00% (years 1-10); 3.00% (years 11+), fixed; Credited rate: 3.00% |
| Lincoln National Life, VUL ONE 2007 : Current rate: 5.00% (years 1-10); 4.00% (years 11+), fixed; Credited rate: 4.00% |
| Pacific Life, Pacific Select Exec IV : Current rate: 2.75%; Credited rate: 2.50% (years 1-5); 2.75% (years 6+) |
| Guar. Max Rate/Min Credited to Loaned Values |
| Hartford Life, Hartford Leaders VUL Legacy : Guaranteed rate: 5.00% (years 1-10); 4.00% (years 11+); Credited rate: 3.00% |
| Hartford Life, Hartford Leaders VUL Liberty : Guaranteed rate: 5.00% (years 1-10); 4.00% (years 11+); Credited rate: 3.00% |
| Lincoln National Life, AssetEdge VUL : Guaranteed loan spread of 1.00% (years 1-10); 0.00% thereafter. (In NY, 0.10%); Credited rate: 3.00% |
| Lincoln National Life, VUL ONE 2007 : Guaranteed load spread of 5.00% (years 1-10); 4.00% (years 11+); Credited rate: 4.00% |
| Pacific Life, Pacific Select Exec IV : Guaranteed rate: 2.75%; Credited rate: 2.50% |
| Minimum/Maximum Loans & Restrictions |
| Hartford Life, Hartford Leaders VUL Legacy : Minimum: $ 500; Maximum: cash value minus $1,000 |
| Hartford Life, Hartford Leaders VUL Liberty : Minimum: $ 500; Maximum: cash value minus $1,000 |
| Lincoln National Life, AssetEdge VUL : Minimum: $500 |
| Lincoln National Life, VUL ONE 2007 : Minimum $500, Maximum: 90% of cash surrender value on guaranteed ledger and 100% on current ledger |
| Pacific Life, Pacific Select Exec IV : Minimum: $200; Maximum: 90% |
| Overloan Provision to Prevent Lapse |
| Hartford Life, Hartford Leaders VUL Legacy : Indebtedness exceeds the face amount, or amounts to at least equal to all premiums paid have been withdrawn. Policy must be in force at least 15 years. Attained age must be at least 75 years old. Indebtedness does not exceed 99.5% of the account value after the deduction of the transaction charge. |
| Hartford Life, Hartford Leaders VUL Liberty : Indebtedness exceeds the face amount, or amounts to at least equal to all premiums paid have been withdrawn. Policy must be in force at least 15 years. Attained age must be at least 75 years old. Indebtedness does not exceed 99.5% of the account value after the deduction of the transaction charge. |
| Lincoln National Life, AssetEdge VUL : Automatically included. One-time charge of no more than 5.00% of the current accumulated value. |
| Lincoln National Life, VUL ONE 2007 : Automatically included. When exercised, one-time charge of no more than 5.00% of the current accumulated value. |
| Pacific Life, Pacific Select Exec IV : Overloan Protection Rider prevents policy lapse for overloaned policy; additional cost rider |
| Death Benefit Options |
| Hartford Life, Hartford Leaders VUL Legacy : Level, ROA and Return of Premium |
| Hartford Life, Hartford Leaders VUL Liberty : Level, ROA, and Return of Premium |
| Lincoln National Life, AssetEdge VUL : Level, Increasing by return of Accumulation Value, Increasing Death Benefit by Return of Premium (specified amount plus either cumulative premiums less any policy indebtedness or cumulative premiums less cumulative economic benefit, less any policy indebtedness.) |
| Lincoln National Life, VUL ONE 2007 : Level, Increasing Death Benefit by Return of Accumulation Value |
| Pacific Life, Pacific Select Exec IV : Level, Increasing, and Return of Premium |
| Averaging Method of Subaccount Expenses for Illustrations |
| Hartford Life, Hartford Leaders VUL Legacy : Specify, Weighted, Fixed Account |
| Hartford Life, Hartford Leaders VUL Liberty : Specify, Weighted, Fixed Account |
| Lincoln National Life, AssetEdge VUL : Arithmatic, Weighted |
| Lincoln National Life, VUL ONE 2007 : Arithmatic, Weighted |
| Pacific Life, Pacific Select Exec IV : Regular, Weighted, Subaccount Specific, Fixed, PortOp Models |
| Definitions of Life Insurance Available for Illustration Purposes |
| Hartford Life, Hartford Leaders VUL Legacy : CVAT and GLPT |
| Hartford Life, Hartford Leaders VUL Liberty : CVAT and GLPT |
| Lincoln National Life, AssetEdge VUL : CVAT and GLPT |
| Lincoln National Life, VUL ONE 2007 : GLPT |
| Pacific Life, Pacific Select Exec IV : CVAT or GLPT |
| "Rolling Target" Premium for Compensation |
| Hartford Life, Hartford Leaders VUL Legacy : Unlimited |
| Hartford Life, Hartford Leaders VUL Liberty : Unlimited |
| Lincoln National Life, AssetEdge VUL : Yes, indefinitely |
| Lincoln National Life, VUL ONE 2007 : Yes, indefinitely |
| Pacific Life, Pacific Select Exec IV : Unlimited |
| Term Blending |
| Hartford Life, Hartford Leaders VUL Legacy : N/A |
| Hartford Life, Hartford Leaders VUL Liberty : N/A |
| Lincoln National Life, AssetEdge VUL : N/A |
| Lincoln National Life, VUL ONE 2007 : N/A |
| Pacific Life, Pacific Select Exec IV : Maximum: 5 times base (9 times base for 1035 exchanges) |
| Term Convertibility |
| Hartford Life, Hartford Leaders VUL Legacy : N/A |
| Hartford Life, Hartford Leaders VUL Liberty : N/A |
| Lincoln National Life, AssetEdge VUL : N/A |
| Lincoln National Life, VUL ONE 2007 : N/A |
| Pacific Life, Pacific Select Exec IV : Prior to Age 65 or if later, within 2 years after issue. |
| Accelerated Death Benefits NEW |
| Hartford Life, Hartford Leaders VUL Legacy : LifeAccess Rider is available to accelerate death benefit for Chronic Illness. There is an additional charge for this feature. (varies) |
| Hartford Life, Hartford Leaders VUL Liberty : LifeAccess Rider is available to accelerate death benefit for Chronic Illness. There is an additional charge for this feature. (varies) |
| Lincoln National Life, AssetEdge VUL : Accelerated Death Benefit Rider; Accelerated benefits are cumulative and can be no more than 5.00% for critical illness, 40% for required nursing home relocation and 50% for a terminal illness. The maximum cumulative amount of benefit that can be received (for nursing home, terminal illness, and critical illness costs combined) is $250,000. |
| Lincoln National Life, VUL ONE 2007 : Accelerated Death Benefit Rider; Accelerated benefits are cumulative and can be no more than 5.00% for critical illness, 40% for required nursing home relocation and 50% for a terminal illness. The maximum cumulative amount of benefit that can be received (for nursing home, terminal illness, and critical illness costs combined) is $250,000. |
| Pacific Life, Pacific Select Exec IV : Accelerated Living Benefit rider; added at no additional cost; The maximum benefit amount on a current basis is the lesser of 75% of the eligible current death benefit or $500,000. The rider guarantees a minimum benefit of the lesser of 50% of the eligible death benefit or $250,000. We reserve the right to charge $150 for the benefit in the future. |
| Guaranteed Income (or Withdrawal) Rider |
| Hartford Life, Hartford Leaders VUL Legacy : No |
| Hartford Life, Hartford Leaders VUL Liberty : No |
| Lincoln National Life, AssetEdge VUL : No |
| Lincoln National Life, VUL ONE 2007 : No |
| Pacific Life, Pacific Select Exec IV : No |
| Optional Riders |
| Hartford Life, Hartford Leaders VUL Legacy : Accelerated Death Benefit for Terminal Illness, Accelerated Death Benefit for Chronic Illness (Life Access Rider) ADB, COLA, Child Term Rider, Overloan Protection Rider, Term Insurance Rider, Waiver of Monthly Deductions, Waiver of specified Amount. |
| Hartford Life, Hartford Leaders VUL Liberty : Accelerated Death Benefit for Terminal Illness, Accelerated Death Benefit for Chronic Illness (Life Access Rider) ADB, COLA, Child Term Rider, Overloan Protection Rider, Term Insurance Rider, Waiver of Monthly Deductions, Waiver of specified Amount. |
| Lincoln National Life, AssetEdge VUL : Overloan Protection Rider, Enhanced Surrender Value Rider, Accelerated Death Benefit Rider, Estate Tax Repeal Rider, Waiver of Monthly Deductions, Change of Insured Rider, Benefit Selection Option |
| Lincoln National Life, VUL ONE 2007 : Waiver of Monthly Deductions, Change of Insured Rider, Estate Tax Repeal Rider, Optimal No-Lapse Enhancement (ONE) Rider, Premium Reserve Rider, Benefit Selection Option, Accelerated Death Benefit Rider |
| Pacific Life, Pacific Select Exec IV : Annual Renewable Term, Annual Renewable and Convertible Term, Waiver of Charges, Accidental Death, Childrens Term, Guaranteed Insurability, Accelerated Living Benefit, Disability Benefit, Accounting Benefit Rider; No-Lapse Guarantee, Overloan Protection, Termination Credit ; Minimum Earnings Benefit |
| State Availability |
| Hartford Life, Hartford Leaders VUL Legacy : N/A |
| Hartford Life, Hartford Leaders VUL Liberty : N/A |
| Lincoln National Life, AssetEdge VUL : All states except MT, NY, PA |
| Lincoln National Life, VUL ONE 2007 : All states and DC except NY & PA |
| Pacific Life, Pacific Select Exec IV : All states except NY |
| Product Distribution |
| Hartford Life, Hartford Leaders VUL Legacy : N/A |
| Hartford Life, Hartford Leaders VUL Liberty : N/A |
| Lincoln National Life, AssetEdge VUL : N/R |
| Lincoln National Life, VUL ONE 2007 : N/R |
| Pacific Life, Pacific Select Exec IV : Brokerage 100% |
| Maximum Company Face Amount Retention Limit |
| Hartford Life, Hartford Leaders VUL Legacy : $20,000,000 |
| Hartford Life, Hartford Leaders VUL Liberty : $20,000,000 |
| Lincoln National Life, AssetEdge VUL : $10,000,000 |
| Lincoln National Life, VUL ONE 2007 : $10,000,000 |
| Pacific Life, Pacific Select Exec IV : $12,000,000 |
| Table Shaving Program for Substandard Applicants |
| Hartford Life, Hartford Leaders VUL Legacy : Yes |
| Hartford Life, Hartford Leaders VUL Liberty : Yes |
| Lincoln National Life, AssetEdge VUL : Table C to standard; Maximum age is 70 |
| Lincoln National Life, VUL ONE 2007 : Table C to standard; maximum age is 70 |
| Pacific Life, Pacific Select Exec IV : Table D to standard |
| Non-Medical Limits |
| Hartford Life, Hartford Leaders VUL Legacy : N/A |
| Hartford Life, Hartford Leaders VUL Liberty : N/A |
| Lincoln National Life, AssetEdge VUL : Ages 0-34 $200,000; Ages 35-39 $100,000 (Nonmedical, answer question, blood and urine sample required.) |
| Lincoln National Life, VUL ONE 2007 : Ages 0-34 $200,000; Ages 35-39 $100,000 (Nonmedical, answer question, blood and urine sample required.) |
| Pacific Life, Pacific Select Exec IV : N/R |
| Policy Form Number |
| Hartford Life, Hartford Leaders VUL Legacy : HL-1238(03); HL-15894(03) (New York) |
| Hartford Life, Hartford Leaders VUL Liberty : HL-1240(03); HL-15898(03) (New York) |
| Lincoln National Life, AssetEdge VUL : LN698 |
| Lincoln National Life, VUL ONE 2007 : LN 696 |
| Pacific Life, Pacific Select Exec IV : P08SE4 |
| Strengths Stated by the Company |
| Hartford Life, Hartford Leaders VUL Legacy : Competitive minimum to endow premiums; Rolling target premiums; Life Access Rider that allows for acceleration of death benefit for "Chronic Illness." Preferred Plus risk class available to age 85. There is a total of 81 investment options available with professionally developed asset allocation strategies and attractive underwriting programs covering various risks. |
| Hartford Life, Hartford Leaders VUL Liberty : Very competitive illustrated income distributions and cash accumulation, competitive rolling target premiums, Over 80 investment options to choose from, offers the Life Access Accelerated benefit feature for chronic illness, offers the Overloan Protection Rider to avoid lapse of overload policies, choice of several professionally developed asset allocation models and strategies including 3 Fidelity VIP Freedom Funds (Freedom 2010, 2020 and 2030). |
| Lincoln National Life, AssetEdge VUL : Designed specifically to help accumulate account value over time with the freedom to invest in a diverse portfolio of more than 60 investment options or a Fixed Account, including funds managed by nationally recognized investment managers. |
| Lincoln National Life, VUL ONE 2007 : VULONE is a unique variable universal life insurance product with breakthrough death benefit guarantees provided for by the Optimal No-Lapse Enhancement Rider. The Optimal No-Lapse Enhancement Rider uses the power of asset allocation to "bridge the gap" between traditional variable universal life insurance and guaranteed universal life insurance. VULONE marries the upside potential of variable universal life insurance with the death benefit protection of guaranteed universal life insurance, all within one, great product. The newest version of the product includes an added Reset Feature that, on each policy anniversary, will reset the No-Lapse account value to the greater of the No-Lapse value on that day or the sum of 70% of the policy variable subaccount values plus 90% of the fixed account value. |
| Pacific Life, Pacific Select Exec IV : SEIV is designed to excel in overfunded scenarios for maximum cash accumulation and distributions. High target premiums and riders give maximum flexibility in designing cases for a variety of sales applications and scenarios. The minimum earnings benefit rider provides a minimum earnings floor for a stated period to protect against extended market downturns. The short-term NLG rider provides a no-lapse death benefit for minimal cost up to Age 75. |
| Footnotes and Details |
| Hartford Life, Hartford Leaders VUL Legacy : |
| Hartford Life, Hartford Leaders VUL Liberty : |
| Lincoln National Life, AssetEdge VUL : |
| Lincoln National Life, VUL ONE 2007 : |
| Pacific Life, Pacific Select Exec IV : |
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Full Disclosure is For Producer, Broker/Dealer, & Advisor Use Only. Not for use with General Public. "Current" Illustrated Values Are Not Guaranteed. (c)2008 Blease Research, Easton PA - All Rights Reserved. |