Presents an innovative new approach to asset-based chronic care protection.

1. Presents an innovative new approach to asset-based chronic care protection. DESIGNED FOR THE ANNUITY BUSINESS MODEL

2. THE PROTECTED SOLUTIONS℠ ANNUITY FeaturingThe SafetyGuard℠ Benefit FOR PRODUCER USE ONLY

3. Many consumers are concerned about potential chronic care costs. They want an asset-based solution: Providing guaranteed and clear chronic care benefits. ASSETS That allows IRA assets to be used for part of the solution. Offering a non-invasive application process. Yet are seeking an alternative to stand-alone insurance policies. Purchasing this annuity does not modify the tax treatment of IRA assets, including the need for Required Minimum Distributions.

4. Many consumers are concerned about potential chronic care costs. Until now… … annuity solutions have been somewhat problematic. Underwriting complexities. ASSETS Limitations to Qualified benefit levels. Restricted to NQ assets. Purchasing this annuity does not modify the tax treatment of IRA assets, including the need for Required Minimum Distributions. Yet are seeking an alternative to stand-alone insurance policies.

5. THE PROTECTED SOLUTIONS A Simpler Annuity Solution for Chronic Care Benefits ANNUITY DESIGNED FOR THE ANNUITY BUSINESS MODEL

6. THE PROTECTED SOLUTIONS A Simpler Annuity Solution for Chronic Care Benefits ANNUITY PHL VARIABLE INSURANCE COMPANY HARTFORD, CT

7. THE PROTECTED SOLUTIONS A Simpler Annuity Solution for Chronic Care Benefits ANNUITY

8. THE PROTECTED SOLUTIONS ANNUITY A DEFERRED FIXED INDEXED ANNUITY A CHOICE OF THREE INTEREST STRATEGIES Annual Point-to-Point Indexed Strategy Annual Monthly Cap Indexed Strategy Fixed Interest Strategy

9. THE FeaturingThe SafetyGuard℠ Benefit PROTECTED SOLUTIONS ANNUITY CHRONIC CARE BENEFIT If Chronic Care Benefits are not used… ENHANCED DEATH BENEFIT

10. THE FeaturingThe SafetyGuard℠ Benefit PROTECTED SOLUTIONS ANNUITY CHRONIC CARE BENEFIT 1 INABILITY TO PERFORM 2 OF 6 ACTIVITIES OF LIVING2 NURSING HOME CARE or HOME CARE • The Chronic Care Benefit is a guaranteed withdrawal benefit that insures the amount the owner can withdraw from the annuity. Withdrawals are initially taken from the owner’s annuity accumulation value; if the accumulation value is reduced to zero, PHL Variable Insurance Company will continue to pay the guaranteed amount while the need exists for the remainder of the guaranteed period. 1. The Chronic Care Benefit Base is used to determine the Chronic Care Benefit only; it is not available for lump-sum withdrawal. Chronic Care Benefits are available only upon providing satisfactory certification that the Covered Person is unable to perform at least 2 of 6 Activities of Daily Living without substantial assistance; if receiving care in a nursing home, certification is also required from the nursing home. Upon benefit activation, there is a 90-day wait for benefits. Recertification of eligibility is required at each contract anniversary. The guaranteed benefit for care in other than a nursing home is half of the nursing home benefit, subject to a minimum guarantee equal to 110% of premium paid. Benefits are not intended as qualified long-term care or medical insurance and may be subject to tax. 2. Activities of Daily Living are bathing, dressing, transferring, toileting, continence, and eating.

11. THE FeaturingThe SafetyGuard℠ Benefit PROTECTED SOLUTIONS ANNUITY CHRONIC CARE BENEFIT 3 GUARANTEED 400% CHRONIC CARE BENEFIT BASE3 GROWTH UP TO OF PREMIUM ASSUMES NO WITHDRAWALS; ISSUE AGE 65 AND BELOW, MAXIMUM BENEFIT AFTER END OF CONTRACT YEAR 15. 3. The Chronic Care Benefit Base is used to determine the Chronic Care Benefit only; it is not available for lump-sum withdrawal. Chronic Care Benefits are available only upon providing satisfactory certification that the Covered Person is unable to perform at least 2 of 6 Activities of Daily Living without substantial assistance; if receiving care in a nursing home, certification is also required from the nursing home. Upon benefit activation, there is a 90-day wait for benefits. Recertification of eligibility is required at each contract anniversary. The guaranteed benefit for care in other than a nursing home is half of the nursing home benefit, subject to a minimum guarantee equal to 110% of premium paid. Benefits are not intended as qualified long-term care or medical insurance and may be subject to tax.

12. THE FeaturingThe SafetyGuard℠ Benefit PROTECTED SOLUTIONS ANNUITY CHRONIC CARE BENEFIT 4 GUARANTEED $2,000,000 CHRONIC CARE BENEFIT BASE4 GROWTH UP TO $500,000 PREMIUM; ISSUE AGE 65 AND BELOW. ASSUMES NO WITHDRAWALS. MAXIMUM BENEFIT AFTER END OF CONTRACT YEAR 15. BENEFITS AVAILABLE FOR A MAXIMUM OF 5 CONTRACT YEARS. 4. The Chronic Care Benefit Base is used to determine the Chronic Care Benefit only; it is not available for lump-sum withdrawal. Chronic Care Benefits are available only upon providing satisfactory certification that the Covered Person is unable to perform at least 2 of 6 Activities of Daily Living without substantial assistance; if receiving care in a nursing home, certification is also required from the nursing home. Upon benefit activation, there is a 90-day wait for benefits. Recertification of eligibility is required at each contract anniversary. The guaranteed benefit for care in other than a nursing home is half of the nursing home benefit, subject to a minimum guarantee equal to 110% of premium paid. Benefits are not intended as qualified long-term care or medical insurance and may be subject to tax.

13. THE FeaturingThe SafetyGuard℠ Benefit PROTECTED SOLUTIONS ANNUITY ENHANCED DEATH BENEFIT 5 IF CHRONIC CARE BENEFIT IS NOT USED GUARANTEED 200% ENHANCED DEATH BENEFIT5 GROWTH UP TO OF PREMIUM ASSUMES NO WITHDRAWALS; ISSUE AGE 60 AND BELOW, MAXIMUM BENEFIT AFTER END OF CONTRACT YEAR 15. 5. Enhanced Death Benefit growth is based upon issue age. The Enhanced Death Benefit is not available for withdrawal, may be subject to taxation, is not life insurance, and is paid to beneficiaries over 60 months. The Enhanced Death Benefit is not available if Chronic Care Benefits are commenced.

14. THE FeaturingThe SafetyGuard℠ Benefit PROTECTED SOLUTIONS ANNUITY ENHANCED DEATH BENEFIT 5 IF CHRONIC CARE BENEFIT IS NOT USED GUARANTEED $1,000,000 ENHANCED DEATH BENEFIT5 GROWTH UP TO $500,000 PREMIUM; ISSUE AGE 60 AND BELOW. ASSUMES NO WITHDRAWALS. MAXIMUM BENEFIT AFTER END OF CONTRACT YEAR 15. 5. Enhanced Death Benefit growth is based upon issue age. The Enhanced Death Benefit is not available for withdrawal, may be subject to taxation, is not life insurance, and is paid to beneficiaries over 60 months. The Enhanced Death Benefit is not available if Chronic Care Benefits are commenced.

15. THE PROTECTED SOLUTIONS ANNUITY SIMPLE EASY-TO-GRASP GUARANTEED BENEFITS FOR THE OWNER* *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement.

16. THE PROTECTED SOLUTIONS ANNUITY SIMPLE SIMPLE APPLICATION & ISSUE PROCESS FOR THE AGENT* *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement.

17. THE PROTECTED SOLUTIONS ANNUITY SIMPLE 4 “YES/NO” HEALTH QUESTIONS; FOR THE AGENT* NO FORMAL UNDERWRITING Applicant must be able to truthfully answer “no” for the contract to be valid and the benefits payable. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement.

18. 4 “YES/NO” Questions 1. Has the Covered Person been treated for, diagnosed with or experienced symptoms of heart disease, stroke, Parkinson’s disease, rheumatoid arthritis, cancer (other than non-melanoma skin cancer), Alzheimer’s disease or any other form of dementia during the last five years, including today? During the past five years… Heart Disease? Stroke? Parkinson’s? Rheumatoid Arthritis? Cancer? Alzheimer’s? Applicant must be able to truthfully answer “no” for the contract to be valid and the benefits payable. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement.

19. 4 “YES/NO” Questions 2. Has the Covered Person been confined, for a period of 90 days or more, to a Nursing Home, Assisted Living Facility, Hospice Facility, Hospital, or any other similar facility anytime during the last two years, including today? During the past two years… Assisted Living Facility? Nursing Home? Hospice? Hospital? … for 90 days or more? Applicant must be able to truthfully answer “no” for the contract to be valid and the benefits payable. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement.

20. 4 “YES/NO” Questions 3. Has the Covered Person been unable to perform or required substantial assistance from another person to perform any of the following activities during the last two years, including today: bathing, dressing, eating, toileting, transferring or the management of bowel or bladder problems? During the past two years… Bathing? Dressing? Eating? Toileting? Transferring? Bowel or Bladder? Applicant must be able to truthfully answer “no” for the contract to be valid and the benefits payable. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement.

21. 4 “YES/NO” Questions 4. In the last two years, including today, has the Covered Person been declined for a long-term care insurance policy, a hybrid life or annuity policy with a long-term care rider or benefit, or any other type of insurance policy or benefit plan with a long-term care or nursing home confinement component? During the past two years… Declined for Long-Term Care Insurance? Applicant must be able to truthfully answer “no” for the contract to be valid and the benefits payable. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement.

22. 4 “YES/NO” Questions 4. In the last two years, including today, has the Covered Person been declined for a long-term care insurance policy, a hybrid life or annuity policy with a long-term care rider or benefit, or any other type of insurance policy or benefit plan with a long-term care or nursing home confinement component? 3. Has the Covered Person been unable to perform or required substantial assistance from another person to perform any of the following activities during the last two years, including today: bathing, dressing, eating, toileting, transferring or the management of bowel or bladder problems? Has the Covered Person been confined, for a period of 90 days or more, to a Nursing Home, Assisted Living Facility, Hospice Facility, Hospital, or any other similar facility anytime during the last two years, including today? 2. 1. Has the Covered Person been treated for, diagnosed with or experienced symptoms of heart disease, stroke, Parkinson’s disease, rheumatoid arthritis, cancer (other than non-melanoma skin cancer), Alzheimer’s disease or any other form of dementia during the last five years, including today? 4 “NO” Answers – Write the Case! Data from third parties may be used to validate the application responses. As a result, you or your client may receive a call from Phoenix to clarify any discrepancies. A response must be provided prior to suitability or new business review. Applicant must be able to truthfully answer “no” for the contract to be valid and the benefits payable. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement.

23. THE PROTECTED SOLUTIONS ANNUITY SIMPLE Eliminates the major challenge faced by annuity professionals in writing an annuity solution. FOR THE AGENT* *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement.

24. THE PROTECTED SOLUTIONS ANNUITY SIMPLE EASY-TO-GRASP CHRONIC CARE BENEFIT FOR THE OWNER* *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement.

25. Chronic Care Benefit Base6 guaranteedgrowth is a multiple of premium (less withdrawals) from after the end of Year 5 through after the end of Year 15. (Benefit Base growth stops upon commencing benefits) ISSUE AGE 40 - 65 After End of Year 5 After End of Year 6 After End of Year 7 After End of Year 8 After End of Year 9 After End of Year 10 After End of Year 11 After End of Year 12 After End of Year 13 After End of Year 14 After End of Year 15+ *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement. 6. The Chronic Care Benefit Base is used to determine the Chronic Care Benefit only; it is not available for lump-sum withdrawal. Chronic Care Benefits are available only upon providing satisfactory certification that the Covered Person is unable to perform at least 2 of 6 Activities of Daily Living without substantial assistance; if receiving care in a nursing home, certification is also required from the nursing home. Upon benefit activation, there is a 90-day wait for benefits. Recertification of eligibility is required at each contract anniversary. The guaranteed benefit for care in other than a nursing home is half of the nursing home benefit, subject to a minimum guarantee equal to 110% of premium paid. Benefits are not intended as qualified long-term care or medical insurance and may be subject to tax.

26. Chronic Care Benefit Base7guaranteedgrowth is a multiple of premium (less withdrawals) from after the end of Year 5 through after the end of Year 15. (Benefit Base growth stops upon commencing benefits) ISSUE AGE 66 - 80 After End of Year 5 After End of Year 6 After End of Year 7 After End of Year 8 After End of Year 9 After End of Year 10 After End of Year 11 After End of Year 12 After End of Year 13 After End of Year 14 After End of Year 15+ *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement. 7. The Chronic Care Benefit Base is used to determine the Chronic Care Benefit only; it is not available for lump-sum withdrawal. Chronic Care Benefits are available only upon providing satisfactory certification that the Covered Person is unable to perform at least 2 of 6 Activities of Daily Living without substantial assistance; if receiving care in a nursing home, certification is also required from the nursing home. Upon benefit activation, there is a 90-day wait for benefits. Recertification of eligibility is required at each contract anniversary. The guaranteed benefit for care in other than a nursing home is half of the nursing home benefit, subject to a minimum guarantee equal to 110% of premium paid. Benefits are not intended as qualified long-term care or medical insurance and may be subject to tax.

27. Chronic CareBenefits are available8as soon as after end of the 5th Contract year. CONTRACT YEAR 1 CONTRACT YEAR 2 CONTRACT YEAR 3 CONTRACT YEAR 4 CONTRACT YEAR 5 CONTRACT YEAR 6 5 Year Wait For Benefit Availability Contract ISSUE *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement. 8. The Chronic Care Benefit Base is used to determine the Chronic Care Benefit only; it is not available for lump-sum withdrawal. Chronic Care Benefits are available only upon providing satisfactory certification that the Covered Person is unable to perform at least 2 of 6 Activities of Daily Living without substantial assistance; if receiving care in a nursing home, certification is also required from the nursing home. Upon benefit activation, there is a 90-day wait for benefits. Recertification of eligibility is required at each contract anniversary. The guaranteed benefit for care in other than a nursing home is half of the nursing home benefit, subject to a minimum guarantee equal to 110% of premium paid. Benefits are not intended as qualified long-term care or medical insurance and may be subject to tax.

28. The Covered Person is eligible for enhanced withdrawal chronic care benefits10upon their inability to perform at least 2 or 6 Activities of Daily Living11without substantial assistance for at least 90 days. If they are receiving care in a nursing home, they qualify for the larger benefit. If they are not receiving care in a nursing home, their benefit is at least 50%10 of the nursing home benefit. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement. 10. The Chronic Care Benefit Base is used to determine the Chronic Care Benefit only; it is not available for lump-sum withdrawal. Chronic Care Benefits are available only upon providing satisfactory certification that the Covered Person is unable to perform at least 2 of 6 Activities of Daily Living without substantial assistance; if receiving care in a nursing home, certification is also required from the nursing home. Upon benefit activation, there is a 90-day wait for benefits. Recertification of eligibility is required at each contract anniversary. The guaranteed benefit for care in other than a nursing home is half of the nursing home benefit, subject to a minimum guarantee equal to 110% of premium paid. Benefits are not intended as qualified long-term care or medical insurance and may be subject to tax. 11. Activities of Daily Living are bathing, dressing, transferring, toileting, continence, and eating.

29. Annual benefit12for Nursing Home Care equals the Benefit Base12divided by 5. BENEFIT AVAILABLE FOR 5 CONTRACT YEARS BENEFIT BASE12 VALUE Annual Withdrawal Benefit for NURSING HOME CONFINEMENT 5 Annual benefit for care not in a Nursing Home is equal to at least 50%12of the Nursing Home benefit. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement. 12. The Chronic Care Benefit Base is used to determine the Chronic Care Benefit only; it is not available for lump-sum withdrawal. Chronic Care Benefits are available only upon providing satisfactory certification that the Covered Person is unable to perform at least 2 of 6 Activities of Daily Living without substantial assistance; if receiving care in a nursing home, certification is also required from the nursing home. Upon benefit activation, there is a 90-day wait for benefits. Recertification of eligibility is required at each contract anniversary. The guaranteed benefit for care in other than a nursing home is half of the nursing home benefit, subject to a minimum guarantee equal to 110% of premium paid. Benefits are not intended as qualified long-term care or medical insurance and may be subject to tax.

30. CHRONIC CARE BENEFIT EXAMPLE Issue Age 60 Age 75+ Chronic Care Benefit Base13 HOME OR OTHER CARE13 NURSING HOME CARE13 ASSETS ASSETS Suitable asset identified … $400,000 After End of Year 15+ Benefit $100,000 Premium and repositioned Benefit $40,000 $80,000 ASSUMES NO PREVIOUS WITHDRAWALS ANNUAL WITHDRAWAL BENEFIT Maximum of 5 Contract Years ANNUAL WITHDRAWAL BENEFIT Maximum of 5 Contract Years *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement. 13. The Chronic Care Benefit Base is used to determine the Chronic Care Benefit only; it is not available for lump-sum withdrawal. Chronic Care Benefits are available only upon providing satisfactory certification that the Covered Person is unable to perform at least 2 of 6 Activities of Daily Living without substantial assistance; if receiving care in a nursing home, certification is also required from the nursing home. Upon benefit activation, there is a 90-day wait for benefits. Recertification of eligibility is required at each contract anniversary. The guaranteed benefit for care in other than a nursing home is half of the nursing home benefit, subject to a minimum guarantee equal to 110% of premium paid. Benefits are not intended as qualified long-term care or medical insurance and may be subject to tax.

31. THE PROTECTED SOLUTIONS ANNUITY SIMPLE EASY-TO-GRASP ENHANCED DEATH BENEFIT FOR THE OWNER* THE ENHANCED DEATH BENEFIT IS NOT AVAILABLE IF CHRONIC CARE BENEFITS ARE COMMENCED. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement.

32. Beneficiaries have a choiceof death benefit. Account Value Death Benefit paid in a lump-sum (less previous withdrawals). Enhanced Death Benefit18 paid over 60 months (adjusted for previous withdrawals). Beneficiary Choice of Death Benefit Equal to premium if no withdrawals have been made. THE ENHANCED DEATH BENEFIT IS NOT AVAILABLE IF CHRONIC CARE BENEFITS ARE COMMENCED. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement. 18. Enhanced Death Benefit growth is based upon issue age. The Enhanced Death Benefit is not available for withdrawal, may be subject to taxation, is not life insurance, and is paid to beneficiaries over 60 months. The Enhanced Death Benefit is not available if Chronic Care Benefits are commenced.

33. The Enhanced Death Benefit19 is availableas soon as after the end of the 5th Contract year. Contract YEAR 1 Contract YEAR 2 Contract YEAR 3 Contract YEAR 4 Contract YEAR 5 Contract YEAR 6 5 Year Wait For Enhanced Death Benefit Contract ISSUE THE ENHANCED DEATH BENEFIT IS NOT AVAILABLE IF CHRONIC CARE BENEFITS ARE COMMENCED. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement. 19. Enhanced Death Benefit growth is based upon issue age. The Enhanced Death Benefit is not available for withdrawal, may be subject to taxation, is not life insurance, and is paid to beneficiaries over 60 months. The Enhanced Death Benefit is not available if Chronic Care Benefits are commenced.

34. Enhanced Death Benefit20guaranteedgrowthis a multiple of premium (less withdrawals) from after the end of Year 5 through after the end of Year 15. ISSUE AGE 40 - 60 After End of Year 5 After End of Year 6 After End of Year 7 After End of Year 8 After End of Year 9 After End of Year 10 After End of Year 11 After End of Year 12 After End of Year 13 After End of Year 14 After End of Year 15+ THE ENHANCED DEATH BENEFIT IS NOT AVAILABLE IF CHRONIC CARE BENEFITS ARE COMMENCED. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement. 20. Enhanced Death Benefit growth is based upon issue age. The Enhanced Death Benefit is not available for withdrawal, may be subject to taxation, is not life insurance, and is paid to beneficiaries over 60 months. The Enhanced Death Benefit is not available if Chronic Care Benefits are commenced.

35. Enhanced Death Benefit21guaranteedgrowthis a multiple of premium (less withdrawals) from after the end of Year 5 through after the end of Year 15. ISSUE AGE 61 - 70 After End of Year 5 After End of Year 6 After End of Year 7 After End of Year 8 After End of Year 9 After End of Year 10 After End of Year 11 After End of Year 12 After End of Year 13 After End of Year 14 After End of Year 15+ THE ENHANCED DEATH BENEFIT IS NOT AVAILABLE IF CHRONIC CARE BENEFITS ARE COMMENCED. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement. 21. Enhanced Death Benefit growth is based upon issue age. The Enhanced Death Benefit is not available for withdrawal, may be subject to taxation, is not life insurance, and is paid to beneficiaries over 60 months. The Enhanced Death Benefit is not available if Chronic Care Benefits are commenced.

36. Enhanced Death Benefit22guaranteedgrowthis a multiple of premium (less withdrawals) from after the end of Year 5 and level thereafter. ISSUE AGE 71-80 After End of Year 5 After End of Year 6 After End of Year 7 After End of Year 8 After End of Year 9 After End of Year 10 After End of Year 11 After End of Year 12 After End of Year 13 After End of Year 14 After End of Year 15+ THE ENHANCED DEATH BENEFIT IS NOT AVAILABLE IF CHRONIC CARE BENEFITS ARE COMMENCED. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement. 22. Enhanced Death Benefit growth is based upon issue age. The Enhanced Death Benefit is not available for withdrawal, may be subject to taxation, is not life insurance, and is paid to beneficiaries over 60 months. The Enhanced Death Benefit is not available if Chronic Care Benefits are commenced.

37. ENHANCED DEATH BENEFIT EXAMPLE Issue Age 60 Age 75+ Enhanced Death Benefit23 PAID TO BENEFICIARY OVER 60 MONTHS ASSETS ASSETS Suitable asset identified … $200,000 After End of Year 15+ $100,000 Premium and repositioned ASSUMES NO PREVIOUS WITHDRAWALS THE ENHANCED DEATH BENEFIT IS NOT AVAILABLE IF CHRONIC CARE BENEFITS ARE COMMENCED. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement. 23. Enhanced Death Benefit growth is based upon issue age. The Enhanced Death Benefit is not available for withdrawal, may be subject to taxation, is not life insurance, and is paid to beneficiaries over 60 months. The Enhanced Death Benefit is not available if Chronic Care Benefits are commenced.

38. THE PROTECTED SOLUTIONS ANNUITY SIMPLE EASY-TO-GRASP LIQUIDITY FOR THE OWNER* *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement.

39. 10% PENALTY-FREE WITHRAWAL Liquidity can provide supplemental income or Required Minimum Distribution withdrawals. AFTER Contract YEAR 1 EXCESS WITHDRAWALS ARE SUBJECT TO A SURRENDER CHARGE AND MARKET VALUE ADJUSTMENT. All withdrawals reduce the Enhanced Death Benefit; withdrawals prior to commencing Chronic Care Benefits reduce the Chronic Care Benefit Base and the amount of future Chronic Care Benefits. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement.

40. 10% PENALTY-FREE WITHRAWAL How do free withdrawals affect the potential Chronic Care Benefit? AFTER Contract YEAR 1 EXCESS WITHDRAWALS ARE SUBJECT TO A SURRENDER CHARGE AND MARKET VALUE ADJUSTMENT. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement.

41. 10% PENALTY-FREE CHRONIC CARE BENEFIT BASE24 Free withdrawalsreducethe Chronic Care BenefitBase24 using a simple formula. WITHRAWAL AFTER Contract YEAR 1 Always Equals (Premium – Withdrawals) x Premium Multiple *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement. 24. The Chronic Care Benefit Base is used to determine the Chronic Care Benefit only; it is not available for lump-sum withdrawal. Chronic Care Benefits are available only upon providing satisfactory certification that the Covered Person is unable to perform at least 2 of 6 Activities of Daily Living without substantial assistance; if receiving care in a nursing home, certification is also required from the nursing home. Upon benefit activation, there is a 90-day wait for benefits. Recertification of eligibility is required at each contract anniversary. The guaranteed benefit for care in other than a nursing home is half of the nursing home benefit, subject to a minimum guarantee equal to 110% of premium paid. Benefits are not intended as qualified long-term care or medical insurance and may be subject to tax.

42. CHRONIC CARE BENEFIT EXAMPLE – WITH PREVIOUS WITHDRAWALS Issue Age 60 Age 75+ Chronic Care Benefit Base25 HOME OR OTHER CARE25 NURSING HOME CARE25 ASSETS ASSETS Suitable asset identified … $240,000 After End of Year 15+ $100,000 Premium and repositioned Benefit Benefit $24,000 $48,000 ASSUMES NO PREVIOUS WITHDRAWALS ANNUAL WITHDRAWAL BENEFIT Maximum of 5 Contract Years Less $40,000 TOTAL WITHDRAWALS ANNUAL WITHDRAWAL BENEFIT Maximum of 5 Contract Years *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement. 25. The Chronic Care Benefit Base is used to determine the Chronic Care Benefit only; it is not available for lump-sum withdrawal. Chronic Care Benefits are available only upon providing satisfactory certification that the Covered Person is unable to perform at least 2 of 6 Activities of Daily Living without substantial assistance; if receiving care in a nursing home, certification is also required from the nursing home. Upon benefit activation, there is a 90-day wait for benefits. Recertification of eligibility is required at each contract anniversary. The guaranteed benefit for care in other than a nursing home is half of the nursing home benefit, subject to a minimum guarantee equal to 110% of premium paid. Benefits are not intended as qualified long-term care or medical insurance and may be subject to tax. .

43. 10% PENALTY-FREE WITHRAWAL How do free withdrawals affect the potential Enhanced Death Benefit? AFTER CONTRACT YEAR 1 EXCESS WITHDRAWALS ARE SUBJECT TO A SURRENDER CHARGE AND MARKET VALUE ADJUSTMENT. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement.

44. ENHANCED DEATH BENEFIT26 10% PENALTY-FREE Free withdrawalsreducethe Enhanced DeathBenefit using a simple formula. WITHRAWAL AFTER CONTRACT YEAR 1 Always Equals (Premium – Withdrawals) x Premium Multiple THE ENHANCED DEATH BENEFIT IS NOT AVAILABLE IF CHRONIC CARE BENEFITS ARE TRIGGERED. *”Simple for the Agent” and “Simple for the Owner” are intended only as a contrast to similar annuities that require underwriting and offer more complex benefit formulas; it is not intended to imply a reduced training, explanation, or disclosure requirement. 26. Enhanced Death Benefit growth is based upon issue age. The Enhanced Death Benefit is not available for withdrawal, may be subject to taxation, is not life insurance, and is paid to beneficiaries over 60 months. The Enhanced Death Benefit is not available if Chronic Care Benefits are commenced.

45. THE PROTECTED SOLUTIONS Additional Specifications ANNUITY

46. Commencing Chronic Care Benefits27 Certification for Eligibility Certification from the Covered Person’s physician, and nursing home if applicable, is required to commence Chronic Care Benefits. The certification must state that the Covered Person is unable to perform at least 2 of 6 Activities of Daily Living without substantial assistance. After commencing benefits, there is a 90 day wait before they are eligible to receive benefits Re-certification is required at each contract anniversary to continue benefits. If the Covered Person is not receiving care in a nursing home, and chooses to commence the reduced benefit, they may not commence the larger benefit later if they need care in a nursing home. 27. The Chronic Care Benefit Base is used to determine the Chronic Care Benefit only; it is not available for lump-sum withdrawal. Chronic Care Benefits are available only upon providing satisfactory certification that the Covered Person is unable to perform at least 2 of 6 Activities of Daily Living without substantial assistance; if receiving care in a nursing home, certification is also required from the nursing home. Upon benefit activation, there is a 90-day wait for benefits. Recertification of eligibility is required at each contract anniversary. The guaranteed benefit for care in other than a nursing home is half of the nursing home benefit, subject to a minimum guarantee equal to 110% of premium paid. Benefits are not intended as qualified long-term care or medical insurance and may be subject to tax.

47. Commencing Chronic Care Benefits28 Upon qualification for Chronic Care Benefits, withdrawals may be taken annually, semi-annually, quarterly, or monthly. Guaranteed benefit28 payments are deducted from the annuity account value and are guaranteed to continue even if the account value is reduced to zero. If the annuity account is reduced to zero due to Chronic Care Benefit28 payments, thereafter only monthly withdrawals are allowed. 28. The Chronic Care Benefit Base is used to determine the Chronic Care Benefit only; it is not available for lump-sum withdrawal. Chronic Care Benefits are available only upon providing satisfactory certification that the Covered Person is unable to perform at least 2 of 6 Activities of Daily Living without substantial assistance; if receiving care in a nursing home, certification is also required from the nursing home. Upon benefit activation, there is a 90-day wait for benefits. Recertification of eligibility is required at each contract anniversary. The guaranteed benefit for care in other than a nursing home is half of the nursing home benefit, subject to a minimum guarantee equal to 110% of premium paid. Benefits are not intended as qualified long-term care or medical insurance and may be subject to tax.

48. Commencing Chronic Care Benefits29 If qualification for benefits is part way through a contract year, benefit payments for the remainder of that contract year will be pro-rated to equal the full annual benefit. EXAMPLE: Benefit qualification occurs with 3 months remaining in current the Contract Year ANNUAL BENEFIT FOR NURSING HOME CARE29 “benefit YEAR 4” “benefit YEAR 3” “benefit YEAR 5” “benefit YEAR 2” “benefit YEAR 1” Benefit for the Contract Year: Benefit for the remainder of the Contract Year: Benefit for the Contract Year: Benefit for the Contract Year: Benefit for the Contract Year: $80,000 ANNUAL WITHDRAWAL BENEFIT Maximum of 5 Contract Years $80,000 $80,000 $80,000 $80,000 $80,000 ASSUMES ANNUAL RE-CERTIFICATION FOR BENEFITS, NO WITHDRAWALS PRIOR TO COMMENCING BENEFITS, AND NO EXCESS WITHDRAWALS AFTER BENEFIT COMMENCEMENT. 29. The Chronic Care Benefit Base is used to determine the Chronic Care Benefit only; it is not available for lump-sum withdrawal. Chronic Care Benefits are available only upon providing satisfactory certification that the Covered Person is unable to perform at least 2 of 6 Activities of Daily Living without substantial assistance; if receiving care in a nursing home, certification is also required from the nursing home. Upon benefit activation, there is a 90-day wait for benefits. Recertification of eligibility is required at each contract anniversary. The guaranteed benefit for care in other than a nursing home is half of the nursing home benefit, subject to a minimum guarantee equal to 110% of premium paid. Benefits are not intended as qualified long-term care or medical insurance and may be subject to tax.

49. Commencing Chronic Care Benefits30 Recertification of eligibility is required at each contract anniversary. If the Covered Person subsequently fails to re-qualify, they are eligible to receive any remaining benefits if they re-qualify at a later date (Benefit growth does not re-start upon failure of re-certification). EXAMPLE: ANNUAL BENEFIT FOR NURSING HOME CARE30 Re-Certification “benefit YEAR 4” “benefit YEAR 3” “benefit YEAR 2” CONTRACT YEAR “benefit YEAR 1” “benefit YEAR 5” Benefit the Contract Year: Benefit for the Contract Year: Benefit for the Contract Year: Benefit for the Contract Year: Benefit for the Contract Year: No Re-Certification, No Benefits. Covered Person improves $80,000 ANNUAL WITHDRAWAL BENEFIT Maximum of 5 Contract Years $80,000 $80,000 $80,000 $80,000 $80,000 ASSUMES NO WITHDRAWALS PRIOR TO COMMENCING BENEFITS, AND NO EXCESS WITHDRAWALS AFTER BENEFIT COMMENCEMENT. 30. The Chronic Care Benefit Base is used to determine the Chronic Care Benefit only; it is not available for lump-sum withdrawal. Chronic Care Benefits are available only upon providing satisfactory certification that the Covered Person is unable to perform at least 2 of 6 Activities of Daily Living without substantial assistance; if receiving care in a nursing home, certification is also required from the nursing home. Upon benefit activation, there is a 90-day wait for benefits. Recertification of eligibility is required at each contract anniversary. The guaranteed benefit for care in other than a nursing home is half of the nursing home benefit, subject to a minimum guarantee equal to 110% of premium paid. Benefits are not intended as qualified long-term care or medical insurance and may be subject to tax.

50. The SafetyGuard Benefit The SafetyGuard Benefit is applicable only to a single individual. The Covered Person is specified on the annuity application. Rider Fee The SafetyGuard Benefit Annual Fee1.50% of the Annuity Account Value. Fee guaranteed not to increase for the first 12 contract years and will never exceed 2.00%. The Protected Solutions Annuity is not available without the SafetyGuard Benefit. The Rider Fee does not reduce the Chronic Care Benefit Base or the Enhanced Death Benefit.