Re: | Annuity Investors Variable Account B Comments on Post-Effective Amendments filed pursuant to Section 485(a) in February 2010 Independence Variable Annuity Contract, File No. 333-51955 |
201 East Fifth Street, Suite 2200 | Cincinnati, Ohio 45202 | 513.651.6800 513.651.6981 fax | www.frostbrowntodd.com |
1. | General The Prospectus Supplement: Closed Funds includes a separate set of expense examples. Please confirm supplementally that the additional examples are required to be disclosed to contract owners receiving that supplemental prospectus. |
Response: | The examples in the prospectus are based on the expense ratios of portfolios in which currently available subaccounts (Available Subaccounts) invest. These examples do not take into account the expense ratios of portfolios in which closed subaccounts (Closed Subaccounts) invest. One of the Closed Subaccounts invests in The Timothy Plan Strategic Growth Variable Series portfolio (the Closed Timothy Portfolio.). The 2009 expense ratio for the Closed Timothy Portfolio is higher than the expense ratio of any portfolio in which an Available Subaccount invests. Therefore, using the Closed Timothy Portfolios expense ratio, we will generate additional examples for a contract with maximum fund operating expenses. We will include these additional examples in the supplemental prospectus pursuant to instruction 21(b) of Item 3 of Form N-4. |
2. | General Please provide a cross-reference in the prospectus to the Prospectus Supplment: Closed Funds that indicates that such supplemental prospectus contains additional expense examples. |
Response: | We have included the following cross reference in the prospectus. | |
The following investment options are available only to Contract Owners who held Accumulation Units in these Subaccounts on November 30, 2004: AIM V.I. Dynamics Fund Closed Subaccount, Janus Aspen Worldwide Growth Closed Subaccount, The Timothy Plan Conservative Growth Variable Series Closed Subaccount, and The Timothy Plan Strategic Growth Variable Series Closed Subaccount. If you still have funds allocated to one of these closed Subaccounts, please see the supplemental prospectus that accompanies this document for additional examples. |
3. | General The use of multiple continuing supplemental prospectuses fragments the disclosure in some instances. The Staff requests that the Registrant revise the prospectus to incorporate relevant information contained in the continuing supplemental prospectuses, in particular those related to contract riders, into the main prospectus and to reduce the number of continuing supplemental prospectuses associated with the contract. |
Response: | The Registrant has eliminated the supplemental prospectus related to the three-year guarantee interest rate option. With respect to the supplemental prospectus related to investment options that are no longer available with the contract, the Registrant will retain this supplemental prospectus and continue |
4. | General Please clarify supplementally whether the Annuity Investors Life Insurance Company (the Company) has entered into any guarantee or support agreements with third parties to support the Companys guarantees under the policies. |
Response: | The Company has not entered into any guarantees or support agreements with third parties to support any of the guarantees under the contracts. |
5. | General Please confirm supplementally that the contract name on the front of the prospectus is and will continue to be the same as included in the EDGAR Class Identifiers. If they are not the same, please confirm supplementally that they will be made the same by changing either the name on the prospectus or the respective EDGAR Class Identifier. |
Response: | The name of the contract on the front of the prospectus is, and will continue to be, the name included in the EDGAR Class Identifier for the contract. |
6. | General Please clarify supplementally if the Registrant qualifies for and intends to rely upon Rule 12h-7 under the Exchange Act, and if so, include a statement to that effect in the prospectus. |
Response: | The Registrant does not intend to rely upon Rule 12h-7 under the Securities Exchange Act of 1934. |
7. | Expense Tables Table A Please convert the descriptive text in the table to table footnotes. |
Response: | The Registrant made the requested changes. |
8. | Expense Tables Table A: Contract Owner Transaction Expenses (Loan Interest Spread) Please clarify in a footnote to Table A and in the Contract Loans section of the prospectus the maximum loan rate and the components of the loan interest spread. In addition, please include the collateralization requirements for contract loans in the footnote. |
Response: | The narrative text under Loan Interest Spread in Table A was moved to a footnote. The footnote was expanded to include information regarding the collateralization requirements for contract loans, the maximum loan rate of the Company and the components of the loan interest spread. |
9. | Expense Tables Table B In the Expense Tables: Table B, the prospectus refers to a standard contract and an enhanced contract. Please confirm supplementally that all persons are being offered both the standard and the enhanced version of the contract. If not, please explain supplementally why the Registrant does not need a separate EDGAR Class Identifier for each and clarify (a) why it is not misleading to include both the standard and enhanced versions in the same prospectus and (b) the legal and factual belief why both are included in the same registration statement. In addition, if both versions are offered to everyone, please refer to them as versions in the prospectus, supplement the glossary to distinguish between the versions and add additional disclosure in the prospectus to distinguish between the versions. |
Response: | The Registrant has revised the prospectus to refer to the individual version and group version of the contract and have added disclosure to the prospectus to distinguish between the versions. The Registrant sells the contract in both the individual market and the group market. The individual version is available to all individuals. The group version is available to all groups. The Registrant may waive the administration charge that would otherwise apply to a group contract when it expects to incur reduced expenses in connection with the administration of the contract. |
10. | Expense Tables Narrative Following Table C: Total Annual Portfolio Operating Expenses In the paragraph discussing the Ibbotson Portfolios following Table C, please add disclosure that the contract holder will effectively be paying the management fees of the acquired funds. |
Response: | The Registrant has added the requested statement. |
11. | Examples Please make the title for Table B and the description of the applicable fees in the Examples consistent for ease of cross-reference. |
Response: | The reference in the first paragraph under the Examples heading of the prospectus was modified to refer to Annual Expenses, which is the same as the title to Table B. |
12. | Examples Why do the example assumptions refer to a minimum and maximum Separate Account annual expenses if they are the same? If no difference, please remove minimum and maximum descriptors. Please confirm supplementally that Expense Tables Table B includes the maximum expense amounts. |
Response: | The Registrant confirms that the maximum expense amounts are included in Table B of the Expense Tables. The Registrant revised the descriptions of the examples to remove any references to minimum Separate Account annual expenses or maximum Separate Account annual expenses in cases where the expenses do not vary. |
13. | Overview What Benefits are Available Under the Contract? Please add a statement that describes that a withdrawal of Account Value may result in a reduction of the Death Benefit amount by more than the amount of the withdrawal. |
Response: | The Registrant has added the requested statement. |
14. | Fixed Accounts Please include a statement that the Fixed Accounts are part of the Companys general accounts. |
Response: | The Registrant has added the requested statement. |
15. | Charges and Deductions In the opening paragraph, please add a cross-reference to the Automatic Transfer Programs. |
Response: | The Registrant has added the requested cross-reference. |
16. | Purchase Payments Please clarify what is intended by the paragraph captioned 1998 Version in the Purchase Payments section of the prospectus. |
Response: | The prospectus relates to two versions of contractthe 2007 version and the 1998 version. The 2007 version is not available in all states. Some provisions in the 2007 version differ from the corresponding provisions in the 1998 version. We have noted these differences throughout the prospectus. |
17. | Purchase Payments Please capitalize the term Good Order throughout the prospectus. |
Response: | The Registrant has capitalized the term Good Order throughout the prospectus. |
18. | Purchase Payments Please add a discussion regarding how Net Investment Factors are determined. |
Response: | The Registrant has added a discussion of the Net Investment Factor in the Definitions section of the prospectus. |
19. | Purchase Payments Please clarify whether the amounts allocated to a Fixed Account Option with Guarantee Period are subject to penalty for transfer out of such Fixed Account Option with Guarantee Period prior to the maturity of the guarantee period. |
Response: | The Registrant has added disclosure to the Fixed Account section of the prospectus and the Transfers section of the prospectus to clarify that there is no penalty for such transfers prior to the maturity of the guarantee period but that such transfers are limited in amount. |
20. | Charges and Deductions In the Charges and Deductions section, please add a cross reference to the Contract Loans section of the prospectus for a description of loan-related expenses. |
Response: | In the Charges and Deductions section of the prospectus, the Registrant has added a brief description of the fees, charges and other costs (e.g., loan interest rate spread) associated with contract loans and a cross-reference to the Contract Loans section of the prospectus. |
21. | Accumulation Period Transfers Please revise the table on current transfer restrictions that clarifies and distinguished the differences between the Fixed Accumulation Account and the Fixed Account Guarantee Period options that also includes the impact of any restrictions on transfer. |
Response: | The Registrant has revised the table on current transfer restrictions. |
22. | Contract Loans Please clarify that the maximum rate charged may be higher if required by a plan administrator or other third party. |
Response: | The Registrant added disclosure to the Contract Loans section of the prospectus to address this comment. |
23. | Contract Loans Please clarify if, and if so how, the interest charged on a contract loan is capitalized. |
Response: | The Registrant added disclosure to the Contract Loans section of the prospectus to address this comment. |
24. | Contract Loans Please add a statement that clarifies that amounts held in the Fixed Accumulation Account as collateral for a loan may earn less than amounts invested in the other Subaccounts during the same time period. |
Response: | This concept is currently explained in the second paragraph in the Contract Loans section of the prospectus. The paragraph includes the following statements: A loan, whether or not repaid, will have a permanent effect on |
25. | Contract Loans Please clarify if there are any transfer restrictions imposed on the amounts transferred to the Fixed Accumulation Account as collateral for a contract loan. In addition, are such restrictions still applicable on those amounts in the Fixed Accumulation Account once the loan is repaid? In other words, as the loan is repaid how does the repayment of the loan affect the amounts transferred as collateral to the Fixed Accumulation Account and the ability to transfer such amounts out from the Fixed Accumulation Account? |
Response: | The restrictions on transfers to and from the Fixed Accumulation Account do not apply to transfers of collateral into and out of the Fixed Accumulation Account. The Registrant has added disclosure explaining this exception in the Contract Loans section of the prospectus. The Registrant has added disclosure that the amount of collateral required must equal 110% of the outstanding loan and that the contract owner will be permitted to transfer excess collateral out of the Fixed Accumulation Account to the other Subaccounts. |
26. | Contract Loans Please clarify how Purchase Payments are treated while a loan is outstanding and when are they applied to reduce the amount of outstanding loans? |
Response: | The Registrant treats Purchase Payments and loan repayments separately. The Registrant has added disclosure that Purchase Payments made while the loan is outstanding are not treated as loan repayments and will not reduce the amount of outstanding loans. |
27. | Contract Loans/Annuity Benefit Please clarify whether there is any restriction on annuitizing the Contract while a loan remains outstanding and whether the Annuity Benefit amount is adjusted as a result. |
Response: | The Registrant requires the contract owner to pay all contract loans in full before annuitizing the contract. The Registrant has added disclosure to clarify this requirement. |
28. | Death Benefit Please revise in plain English the language that describes the settlement options available under the contract if the beneficiary in a non-natural person and whether fixed payment settlement options are available when the payee is identified. |
Response: | The Registrant has revised the disclosure to indicate that otherwise a Beneficiary that is a non-natural person may only elect a fixed period payment. |
29. | Death Benefit Death Benefit Amount Please add a statement that describes that a withdrawal of Account Value may result in a reduction of the Death Benefit amount by more than the amount of the withdrawal. |
Response: | The Registrant has added the requested statement. |
30. | Death Benefit Amount Please provide examples of the death benefit amounts for the 1998 version and include the effect of a partial surrender/withdrawal on such amounts. |
Response: | The Registrant has added examples describing the available death benefit amounts. |
31. | Payment of Benefits Please provide a discussion concerning the fixed dollar benefits and variable dollar benefits, including (a) what makes each fixed versus variable, (b) how initial payments are determined and (c) the importance of the assumed investment rate of return used to set the initial payment amounts and how may vary based upon actual performance. |
Response: | The Registrant has added a discussion concerning fixed dollar benefits and variable dollar benefits. |
32. | Settlement Options Please clarify that the settlement options are available with respect to both fixed dollar benefits and variable dollar benefits. |
Response: | The Registrant has added language to the prospectus that clarifies that both fixed dollar benefits and variable dollar benefits are available for each of the settlement options. |
33. | Benefit Payment Period Settlement Options Please clarify the impact of the annuitant dying if a settlement option based on a fixed period is elected and that the death of the annuitant if a settlement option based upon a life contingency may result in only a single payment being made. |
Response: | The Registrant has added language to the prospectus to explain that (a) if a fixed period settlement option is selected, the death of the annuitant will not impact the payments and that they will continue for the remainder of the period and (b) if the life contingency settlement option is selected, the death of the annuitant may result in only a single payment being made. |
34. | Annuity Investors Life Insurance Company Please clarify that contract owners must rely upon the financial strength of the Company for the payment of claims (including death benefits) and that the Companys general account will be subject to the claims of the Companys creditors. |
Response: | The Registrant has clarified that contract owners must rely on the financial strength of the Company for the payment of claims (including death benefits) and that the Companys general account will be subject to the claims of the Companys creditors. |
35. | Appendix B If true, please add a statement to the effect that the Company has entered into an Information Sharing Agreement with the underlying Portfolios as required by Rule 22c-2 of the 1940 Act. |
Response: | The Registrant has added a statement regarding Information Sharing Agreements as required by Rule 22c-2 of the Investment Company Act of 1940. |
36. | Appendix B U.S. Mail Restrictions In the U.S. Mail Restrictions on Managers of Multiple Contracts section of Appendix B, please disclose the situations where such persons may submit transfer requests other than by mail. |
Response: | The Registrant has added the following statement to the prospectus: The Company may permit a manager of multiple contracts to submit transfer requests other than by mail upon written request if contracts are managed independently rather than in the aggregate. The manager of multiple contracts must provide the Company with sufficient information regarding the management methodology to support the representation that aggregate transfers will not be an intended or unintended consequence of day to day management decisions. The Company will monitor the contracts associated with the grant of any exception and, in the event a pattern of aggregate transactions emerges, again require transfer request via U.S. mail. |
37. | Appendix B Other Restrictions Please identify and provide examples of the unanticipated financial emergencies where the Company would waive the transfer restriction procedures. |
Response: | The Company would consider waiving the transfer restriction procedures in the event of a financial emergency that ameliorates the potential negative investment results that typically results from short-term trading. In other words, if extent economic conditions arise such that the impact of short-term trading is benign or a positive, the Company may allow it. |
38. | Prospectus Supplements Generally On any continuing supplemental prospectus that includes the statement beginning If the terms of this prospectus supplement . . ., please state clearly that all material rights and obligations with respect to the contract and its riders are described in the prospectus. |
Response: | The Registrant has deleted the statement identified in this comment from the prospectus supplement. |
39. | Prospectus Supplement: Closed Funds Please confirm supplementally that all changes to the expense and examples sections of the prospectus will also be made to the continuing supplemental prospectus to the extent applicable. |
Response: | Changes to the expense and examples section in the prospectus will also be made to the closed fund supplemental prospectus to the extent applicable. |
40. | Prospectus Supplement: Guaranteed Minimum Withdrawal Benefit Rider (GMWB) and Guaranteed Lifetime Benefit Rider (GLWB) Please add an overview section that briefly summarizes the key benefits of each rider and distinguished between the two. Please update the cross-reference to the Designated Subaccounts to the proper section of the prospectus. |
Response: | The Registrant has added an Overview section after the Supplement to Examples section of the document and has revised the cross-reference to additional information about the Designated Subaccounts. |
41. | Prospectus Supplement: Guaranteed Minimum Withdrawal Benefit Rider (GMWB) and Guaranteed Lifetime Benefit Rider (GLWB) In the discussion of the GMWB, please clarify when the Company may decline to reset the Beneficial Base Amount. In addition, please revise the textual discussion regarding the Roll-up Base Amount and the provided example to clarify how such amount is calculated and that the example is determined in the same manner as described in the narrative. |
Response: | The Registrant has added the following text in the Reset Opportunities discussions: If you do not elect a reset by Written Request on an applicable Contract Anniversary or request automatic resets, we will not reset the Benefit Base Amount even if your Account Value is higher than the Benefit Base Amount on the Contract Anniversary. In the Rollup Base Amount discussion of the GLWB, the Registrant has included the formulas for calculating the Rollup Base Amount and the Rollup Interest Credit and, after each example, has included a table showing how these amounts were calculated in the example. |
42. | Prospectus Supplement: Guaranteed Minimum Withdrawal Benefit Rider (GMWB) and Guaranteed Lifetime Benefit Rider (GLWB) Under the discussion of Reset Opportunities, please clarify if resets are available after the Benefit Start Date. |
Response: | Resets are not available after the Benefit Start Date. The Registrant has added a statement to this effect to both Reset Opportunities sections. |
43. | Prospectus Supplement: Guaranteed Minimum Withdrawal Benefit Rider (GMWB) and Guaranteed Lifetime Benefit Rider (GLWB) In the discussion, please revise the Activation of the Rider section to explain that the GMWB may not be activated when the GLWB is in effect (rather than when the GMWB is in effect). |
Response: | The Registrant made the requested correction. |
| updated information related the underlying Portfolios | ||
| updated information related to the loan interest spread | ||
| updated costs in the examples | ||
| updated financial information | ||
| updated text in the Federal Tax Matters section |
Frost Brown Todd LLC |
||||
By: | /s/ Kevin L. Cooney | |||
Kevin L. Cooney | ||||
201 East Fifth Street, Suite 2200 | Cincinnati, Ohio 45202 | 513.651.6800 513.651.6981 fax | www.frostbrowntodd.com |
American Century Variable Portfolios | Invesco Variable Insurance Funds* | |
-Large Company Value Fund-Class I
|
-Invesco V.I. Capital Development Fund-Series I Shares | |
-Mid Cap Value Fund-Class I
|
-Invesco V.I. Core Equity Fund-Series I Shares | |
-Ultra® Fund-Class I
|
-Invesco V.I. Financial Services Fund-Series I Shares | |
-Vista SM Fund-Class I
|
-Invesco V.I. Global Health Care Fund -Series I Shares | |
-Invesco V.I. High Yield Fund-Series I Shares | ||
Calamos®Advisors Trust
|
-Invesco V. I. Small Cap Equity Fund-Series I Shares | |
-Growth and Income Portfolio
|
-Invesco Van Kampen V.I. U.S. Mid Cap Value Portfolio-Class I | |
-Invesco Van Kampen V.I. Value Portfolio-Class I | ||
Davis Variable Account Fund, Inc. |
||
-Value Portfolio
|
Janus Aspen Series | |
-Balanced Portfolio-Institutional Shares | ||
Dreyfus Investment Portfolios
|
-Enterprise Portfolio-Institutional Shares | |
-MidCap Stock Portfolio-Service Shares
|
-Forty Portfolio-Institutional Shares | |
-Technology Growth Portfolio-Initial Shares
|
-Janus Portfolio-Service Shares -Institutional Shares | |
-Overseas Portfolio-Institutional Shares | ||
The Dreyfus Socially Responsible Growth Fund, Inc.-IS |
||
Morgan Stanley-The Universal Institutional Funds, Inc. | ||
Dreyfus Stock Index Fund, Inc.-Institutional Shares
|
-Core Plus Fixed Income Portfolio-Class I | |
-Mid-Cap Growth Portfolio-Class I | ||
Dreyfus Variable Investment Funds
|
-U.S. Real Estate Portfolio-Class I | |
-Appreciation Portfolio-Initial Shares |
||
-Growth and Income Portfolio-Initial Shares
|
Oppenheimer Variable Account Funds | |
-Money Market Portfolio
|
-Balanced Fund-Non-Service Shares | |
-Opportunistic Small Cap Portfolio-Initial Shares
|
-Capital Appreciation Fund-Non-Service Shares | |
-Main Street Fund®-Non-Service Shares | ||
Financial Investors Variable Insurance Trust |
||
-Ibbotson Balanced ETF Asset Allocation Portfolio-Class II
|
PIMCO Variable Insurance Trust | |
-Ibbotson Conservative ETF Asset Allocation Portfolio-Class II
|
-Real Return Portfolio-Administrative Class | |
-Ibbotson Growth ETF Asset Allocation Portfolio-Class II
|
-Total Return Portfolio-Administrative Class | |
-Ibbotson Income/Growth ETF Asset Allocation Portfolio-Class II |
||
Wilshire Variable Insurance Trust | ||
Franklin Templeton Variable Insurance Products Trust
|
-2015 ETF Fund | |
-Templeton Foreign Securities Fund-Class 2
|
-2025 ETF Fund | |
-2035 ETF Fund |
| On April 19, 2010, the Dreyfus Developing Leaders Portfolio, a series of the Dreyfus Variable Insurance Fund, changed its name to the Dreyfus Opportunistic Small Cap Portfolio. | ||
| On May 1, 2010, the AIM portfolios changed their brand name to Invesco. For example, AIM V.I. Capital Development Fund became Invesco V.I. Capital Development Fund. | ||
i
| On May 1, 2010, The Universal Institutional Funds, Inc. changed its brand name from Van Kampen to Morgan Stanley. | ||
| On June 1, 2010 or as soon as practical after that date, Van Kampens U.S. Mid Cap Value Portfolio and Value Portfolio, which currently are series of The Universal Institutional Funds, Inc., will be merged into AIM Variable Insurance Funds (Invesco Variable Insurance Funds) and change its brand name to Invesco Van Kampen. The list above reflects this anticipated transaction. | ||
| The Contracts are not FDIC or NCUSIF insured. | |
| The Contracts are obligations of the Company and not of the bank or credit union. | |
| The bank or credit union does not guarantee the Companys obligations under the Contracts. | |
| The Contracts involve investment risk and may lose value. |
2007 Version Form Numbers | 1998 Version Form Numbers | |
P 1813206 (individual contract)
|
A 802 (NQ98)-3 and A 802 (Q98)-3 (individual contracts) | |
G 2010407 (group contract)
|
G 802 (99)-3 (group contract) | |
C 2010507 (participant certificate )
|
G 802 (99)-3 (participant certificate) |
ii
iii
DEFINITIONS |
6 | |||
EXPENSE TABLES |
8 | |||
Table A: Contract Owner Transaction Expenses |
8 | |||
Table B: Annual Expenses |
9 | |||
Table C: Total Annual Portfolio Operating Expenses |
9 | |||
Examples |
10 | |||
FINANCIAL INFORMATION |
11 | |||
Condensed Financial Information |
11 | |||
Financial Statements |
11 | |||
OVERVIEW |
11 | |||
What is the Separate Account? |
11 | |||
What Are the Contracts? |
11 | |||
What Benefits Are Available under the Contract? |
11 | |||
What Are the Risks Related to the Contract? |
11 | |||
How Do I Purchase or Cancel a Contract? |
12 | |||
Will Any Charges or Penalties Apply if I Make Withdrawals or Surrender a Contract? |
12 | |||
What Other Charges and Deductions Apply to the Contract? |
12 | |||
How Do I Contact the Company? |
12 | |||
THE PORTFOLIOS |
12 | |||
Overview |
12 | |||
Portfolios, Share Classes, Advisors and Portfolio Investment Categories |
13 | |||
THE FIXED ACCOUNTS |
15 | |||
PURCHASE PAYMENTS AND ALLOCATIONS TO INVESTMENT OPTIONS |
16 | |||
Overview |
16 | |||
Purchase Payments |
16 | |||
CHARGES AND DEDUCTIONS |
17 | |||
Charges and Deductions by the Company |
17 | |||
Expenses of the Portfolios |
19 | |||
TRANSFERS |
19 | |||
Transfers |
19 | |||
Transfer Restrictions Related to Active Trading Strategies |
21 | |||
WITHDRAWALS AND SURRENDERS |
21 | |||
CONTRACT LOANS |
23 | |||
ANNUITY BENEFIT |
23 | |||
DEATH BENEFIT |
25 | |||
Death Benefit |
25 | |||
SETTLEMENT OPTIONS |
28 | |||
Settlement Options |
28 | |||
THE CONTRACTS |
30 | |||
Right to Cancel |
30 | |||
Termination |
31 | |||
Ownership Provisions |
31 | |||
Annuitant Provisions |
32 | |||
Beneficiary Provisions |
33 | |||
Payees under the Contract |
33 | |||
ANNUITY INVESTORS LIFE INSURANCE COMPANY® |
34 | |||
THE SEPARATE ACCOUNT |
35 | |||
General |
35 | |||
Additions, Deletions or Substitutions of Portfolios |
35 | |||
VOTING OF PORTFOLIO SHARES |
35 | |||
DISTRIBUTION OF VARIABLE ANNUITY CONTRACTS |
36 | |||
FEDERAL TAX MATTERS |
36 | |||
Tax Deferral on Annuities |
36 | |||
Tax-Qualified Retirement Plans |
37 | |||
Nonqualified Deferred Compensation Plans |
38 | |||
Summary of Income Tax Rules |
39 | |||
Required Minimum Distributions |
40 |
iv
DELIVERY OF DOCUMENTS TO CONTRACT OWNERS |
40 | |||
Reports and Confirmations |
40 | |||
Householding |
40 | |||
Electronic Delivery of Required Documents |
40 | |||
THE REGISTRATION STATEMENT |
40 | |||
STATEMENT OF ADDITIONAL INFORMATION |
41 |
v
Ø | The words we us and our in this prospectus also refer to Annuity Investors Life Insurance Company®. |
6
| The Annuity Commencement Date is the first day of the first payment interval for which an Annuity Benefit payment is to be made. The Annuity Commencement Date is shown on the Contract specifications page. | |
| The Death Benefit Commencement Date is (1) the first day of the first payment interval for a Death Benefit that is paid as periodic payments or (2) the date of payment for a Death Benefit that is paid as a lump sum. |
Ø | The words you and your in this prospectus also refer to the Owner as defined above. |
7
| complete and satisfactory to us and | ||
| on our form or in a manner satisfactory to us and | ||
| received by us at our Administrative Office, P.O. Box 5423, Cincinnati, Ohio 45201-5423. |
| Variable account value | ||
| Fixed account value | ||
| Accumulation Unit Values; and | ||
| Benefit Unit values |
8
Current | Maximum | |||||||
Sales load imposed on Purchase Payments |
None | None | ||||||
Sales load imposed on withdrawals or on surrenders |
None | None | ||||||
Transfer Fee(1) |
$ | 25 | $ | 30 | ||||
Annual Automatic Transfer Program Fee |
None | $ | 30 | |||||
Annual Systematic Withdrawal Fee |
None | $ | 30 | |||||
Loan Interest Spread(2) |
3.00 | % | 5.00 | % |
(1) | The transfer fee currently applies to transfers in excess of 12 in any Contract Year. | |
(2) | Generally we require collateral in an amount equal to 110% of the outstanding loan balance. The loan interest spread is the difference between the amount of interest we charge you for a loan and the amount of interest we credit to your collateral. Because the maximum interest rate we charge on a loan is 8% and the minimum interest rate that we credit to collateral is 3%, the maximum loan interest spread is 5%. However, a plan administrator or an employer retirement plan may require us to charge a higher interest rate on loans. In this case, the maximum loan interest rate spread will be higher than 5%. | |
Individual | Group Contracts With | |||||||||||||||||||
Contracts | Group Contracts | Administration Charge Waived* | ||||||||||||||||||
Current | Current | Maximum | Current | Maximum | ||||||||||||||||
Annual Contract Maintenance Fee |
$ | 40 | $ | 40 | $ | 40 | $ | 40 | $ | 40 | ||||||||||
Separate Account Annual Expenses |
||||||||||||||||||||
Mortality and Expense Risk Charge |
1.25 | % | 0.75 | % | 0.95 | % | 0.75 | % | 0.95 | % | ||||||||||
Administration Charge |
0.15 | % | 0.15 | % | 0.15 | % | 0.00 | % | 0.00 | % | ||||||||||
Total Separate Account Annual Expenses |
1.40 | % | 1.10 | % | 0.90 | % | 0.95 | % | 0.75 | % |
* | We may waive the Administration Charge for group contracts when we expect to incur reduced expenses in connection with the administration of the contract. | |
Minimum | Maximum | |||||||
Before any fee reduction or expense reimbursement
|
0.29 | % | 1.37 | % | ||||
After contractual fee reductions and/or expense reimbursements(1)
|
0.29 | % | 1.31 | % |
(1) | Contractual fee reductions and/or expense reimbursements related to a Portfolio will continue for a period that ends on a specific date. All contractual fee caps currently in place will end on April 30, 2011. | |
9
| You invest $10,000 in the Contract for the periods indicated and your investment has a 5% return each year. | ||
| The annual contract maintenance fee ($40), the Separate Account annual expenses (1.40%), and the maximum Portfolio expenses (1.37% before reimbursement or 1.31% after reimbursement) are incurred . | ||
1 year | 3 years | 5 years | 10 years | |||||||||||||
Before reimbursement |
$ | 325 | $ | 1,040 | $ | 1,849 | $ | 4,358 | ||||||||
After reimbursement |
$ | 319 | $ | 1,021 | $ | 1,816 | $ | 4,286 |
| You invest $10,000 in a group Contract for the periods indicated and your investment has a 5% return each year. | ||
| The annual contract maintenance fee ($40), the maximum Separate Account annual expenses (1.10%), and the maximum Portfolio expenses (1.37% before reimbursement or 1.31% after reimbursement) are incurred. | ||
1 year | 3 years | 5 years | 10 years | |||||||||||||
Before reimbursement |
$ | $ | $ | $ | ||||||||||||
After reimbursement |
$ | $ | $ | $ |
| You invest $10,000 in the Contract for the periods indicated and your investment has a 5% return each year. | ||
| The annual contract maintenance fee ($40), the Separate Account annual expenses (1.40%), and the minimum Portfolio expenses (0.29%) are incurred. | ||
10
1 year | 3 years | 5 years | 10 years | |||||||||||||
$ | 215 | $ | 693 | $ | 1,242 | $ | 2,983 |
| year-end accumulation unit values for each Subaccount for each of the last 10 fiscal years through December 31, 2009, or from the end of the year of inception of a Subaccount, if later, to December 31, 2009; and | ||
| number of accumulation units outstanding as of the end of each period. |
| The variable investment options are the Subaccounts. Each Subaccount invests in a Portfolio. You bear the risk of any investment gain or loss on amounts allocated to the Subaccounts. | |
| The Fixed Account options earn a fixed rate of interest declared by us, which will be at least 1% per year, or any higher Fixed Account guaranteed interest rate stated in your Contract. We guarantee amounts invested in a Fixed Account option and the earnings on those amounts so long as those amounts remain in the Fixed Account option. |
Annuity Benefit
|
When the Contract is annuitized, we promise to pay a stream of Annuity Benefit payments for the duration of the settlement option selected. | |
Death Benefit
|
A Death Benefit will be paid under the Contract if you or a joint owner dies before the Annuity Commencement Date and before the Contract is surrendered. |
11
| An annual Contract maintenance fee, which is assessed only against investments in the Subaccounts | |
| A transfer fee for certain transfers among investment options | |
| An administration charge, which is an expense of the Separate Account and charged against all assets in the Subaccounts | |
| A mortality and expense risk charge, which is an expense of the Separate Account and charged against all assets in the Subaccounts | |
| Premium taxes, if any |
12
SHARE | ||||||
PORTFOLIO | CLASS | ADVISOR | INVESTMENT CATEGORY | |||
American Century Variable Portfolios, Inc. |
||||||
Large Company Value Fund
|
Class I | American Century Investment Management | Domestic equity: Large value | |||
Mid Cap Value Fund
|
Class I | American Century Investment Management | Domestic equity: Mid cap value | |||
Ultra® Fund
|
Class I | American Century Investment Management | Domestic equity: Large growth | |||
VistaSM Fund
|
Class I | American Century Investment Management | Domestic equity: Mid cap growth | |||
Calamos®Advisors Trust |
||||||
Growth and Income Portfolio
|
n/a | Calamos Advisors LLC | Balanced: Moderate allocation | |||
Davis Variable Account Fund, Inc. |
||||||
Value Portfolio
|
n/a | Davis Selected Advisers, L.P. Sub-Adviser: Davis Selected Advisers-NY, Inc. |
Domestic equity: Large blend | |||
Dreyfus Portfolios |
||||||
Dreyfus Investment Portfolios MidCap Stock Portfolio
|
Service | The Dreyfus Corporation | Domestic equity: Mid cap blend | |||
Dreyfus Investment Portfolios Technology Growth Portfolio
|
Initial | The Dreyfus Corporation | Domestic equity: Technology | |||
The Dreyfus Socially Responsible Growth Fund, Inc.
|
Institutional | The Dreyfus Corporation | Domestic equity: Large growth | |||
Dreyfus Stock Index Fund, Inc.
|
Institutional | The Dreyfus Corporation (Index Mgr: Mellon Capital Management Corp*) | Domestic equity: Large blend | |||
Dreyfus Variable Investment Fund Appreciation Portfolio
|
Initial | The Dreyfus Corporation | Domestic equity: Large blend | |||
Dreyfus Variable Investment Fund Growth and Income Portfolio
|
Initial | The Dreyfus Corporation | Domestic equity: Large growth | |||
Dreyfus Variable Investment Fund Money Market Portfolio
|
N/A | The Dreyfus Corporation | Money market: Money market taxable | |||
Dreyfus Variable Investment Fund Opportunistic Small Cap Portfolio
|
Initial | The Dreyfus Corporation | Domestic equity: Small blend | |||
Financial Investors Variable Insurance Trust |
||||||
Ibbotson Balanced ETF Asset Allocation Portfolio
|
Class II | ALPS Advisers, Inc. | Balanced: Moderate allocation | |||
Ibbotson Conservative ETF Asset Allocation Portfolio
|
Class II | ALPS Advisers, Inc. | Balanced: Conservative allocation | |||
Ibbotson Growth ETF Asset Allocation Portfolio
|
Class II | ALPS Advisers, Inc. | Domestic equity: Large blend | |||
Ibbotson Income and Growth ETF Asset Allocation Portfolio
|
Class II | ALPS Advisers, Inc. | Balanced: Conservative allocation | |||
Franklin Templeton Variable Insurance Products Trust |
||||||
Templeton Foreign Securities Fund
|
Class 2 | Templeton Investment Counsel, LLC | International equity: Foreign large value | |||
Invesco Variable Insurance Funds+ |
||||||
Invesco V.I. Capital Development Fund
|
Series I | Invesco Advisors, Inc. | Domestic equity: Mid cap growth | |||
Invesco V.I. Core Equity Fund
|
Series I | Invesco Advisors, Inc. | Domestic equity: Large blend | |||
Invesco V.I. Financial Services Fund
|
Series I | Invesco Advisors, Inc. | Domestic equity: Financial | |||
Invesco V.I. Global Health Fund
|
Series I | Invesco Advisors, Inc. | Domestic equity: Health | |||
Invesco V.I. High Yield Fund
|
Series I | Invesco Advisors, Inc. | Specialty bond: High yield bond |
13
SHARE | ||||||
PORTFOLIO | CLASS | ADVISOR | INVESTMENT CATEGORY | |||
Invesco V.I. Small Cap Equity Fund
|
Series I | Invesco Advisors, Inc. | Domestic equity: Small blend | |||
Invesco Van Kampen U.S. Mid Cap Value Portfolio
|
Class I | Van Kampen** | Domestic equity: Mid cap value | |||
Invesco Van Kampen Value Portfolio
|
Class I | Van Kampen** | Domestic equity: Large value | |||
Janus Aspen Series |
||||||
Balanced Portfolio
|
Institutional | Janus Capital Management | Balanced: Market allocation | |||
Enterprise Portfolio
|
Institutional | Janus Capital Management | Domestic equity: Mid cap growth | |||
Forty Portfolio
|
Institutional | Janus Capital Management | Domestic equity: Large growth | |||
Janus Portfolio
|
Institutional | Janus Capital Management | Domestic equity: Large growth | |||
Overseas Portfolio
|
Institutional | Janus Capital Management | International equity: Foreign large growth | |||
Morgan StanleyThe Universal Institutional Funds, Inc. |
||||||
Mid Cap Growth Portfolio
|
Class I | Van Kampen** | Domestic equity: Mid cap growth | |||
U.S. Real Estate Portfolio
|
Class I | Van Kampen** | Specialty stock: Real estate | |||
Oppenheimer Variable Account Funds |
||||||
Balanced Fund
|
Service | OppenheimerFunds | Balanced: Moderate allocation | |||
Capital Appreciation Fund
|
Non-Service | OppenheimerFunds | Domestic equity: Large growth | |||
Main Street Fund®
|
Non-Service | OppenheimerFunds | Domestic equity: Large blend | |||
PIMCO Variable Insurance Trust |
||||||
Real Return Portfolio
|
Administrative | Pacific Investment Management Company | General bond: Inflation-protected bond | |||
Total Return Portfolio
|
Administrative | Pacific Investment Management Company | General bond: Intermediate-term bond | |||
Wilshire |
||||||
2015 ETF Fund
|
n/a | Wilshire Associates Incorporated | Balanced: Target date 2011-2015 | |||
2025 ETF Fund
|
n/a | Wilshire Associates Incorporated | Balanced: Target date 2021-2025 | |||
2035 ETF Fund
|
n/a | Wilshire Associates Incorporated | Balanced: Target date 2031-2035 |
+ | The full legal name of Invesco Variable Insurance Funds is AIM Variable Insurance Funds (Invesco Variable Insurance Funds). | |
* | An affiliate of The Dreyfus Corporation. | |
| On April 19, 2010, the Dreyfus Developing Leaders Portfolio, a series of the Dreyfus Variable Insurance Fund, changed its name to the Dreyfus Opportunistic Small Cap Portfolio. | ||
| On May 1, 2010, the AIM portfolios changed their brand name to Invesco. For example, AIM V.I. Capital Development Fund became Invesco V.I. Capital Development Fund. | ||
| On May 1, 2010, The Universal Institutional Funds, Inc. changed its brand name from Van Kampen to Morgan Stanley. | ||
| On June 1, 2010 or as soon as practical after that date, Van Kampens U.S. Mid Cap Value Portfolio and Value Portfolio, which currently are series of The Universal Institutional Funds, Inc., will be merged into AIM Variable Insurance Funds (Invesco Variable Insurance Funds) and change its brand name to Invesco Van Kampen. The list above reflects this anticipated transaction. | ||
14
| Fixed Accumulation Account Option | ||
| Fixed Account Option One-Year Guarantee Period | ||
1998 Version | An amount that was allocated or transferred to any of the then available Fixed Account options with a guarantee period will mature at the end of the period. When an amount matures, you may transfer it as indicated above. No amount may be allocated to a guarantee period option that would extend beyond the Owners 85th birthday or 5 years after the effective date of the Contract, if later (the 85/5 restriction). If you do not transfer the amount, then we will apply it to a new guarantee period under the One-Year Guarantee Period Option. If that guarantee period is not available due to the 85/5 restriction, then the amount will be transferred to the Fixed Accumulation Account. | |
15
Tax Qualified Contract | Non Tax Qualified Contract | |||||||
Minimum amounts |
||||||||
Minimum initial Purchase Payment |
$ | 20,000 | $ | 20,000 | ||||
Minimum additional Purchase Payment |
$ | 50 | $ | 100 | ||||
Maximum amounts |
||||||||
Maximum single Purchase Payment |
$ | 500,000 | or Company approval | $ | $500,000 | or Company approval |
| If the application form is in Good Order, we will apply the initial Purchase Payment within 2 business days of receipt of the Purchase Payment. | |
| If the application form is not in Good Order, we will attempt to get the application form in Good Order within 5 business days. If the application form is not in Good Order at the end of 5 business days, we will inform the applicant of the reason for the delay and that the Purchase Payment will be returned immediately unless he or she specifically agrees that we may keep the Purchase Payment until the application form is in Good Order. Once the application form is in Good Order, we will apply the Purchase Payment within 2 business days. | |
Subaccount Option | Fixed Account Options | |
See the Portfolios
section of this
prospectus for a
list of the
currently available
Subaccounts.
|
The currently available Fixed Account options for individual Contracts are: Fixed Accumulation Account Fixed Account One-Year Guarantee Period The Fixed Account options are not available under group Contracts. |
16
Minimum allocation to any Subaccount
|
$10 | |
Minimum allocation to Fixed Accumulation Account
|
$10 | |
Minimum allocation to a Fixed Account option with
a guaranteed period
|
$2,000 No amounts may be allocated to any guarantee period option which would extend beyond the Annuity Commencement Date. |
|
Allocation during right to cancel period
|
No current restrictions, but the Company reserves the right to require that purchase payment(s) be allocated to the money market Subaccount or to the Fixed Accumulation Account option during the right to cancel period. |
Purpose of Fee
|
To offset expenses incurred in issuing the Contracts and in maintaining the Contracts and the Separate Account. | |
Amount of Fee
|
$40.00 per year. | |
When and How Deducted
|
Before the Commencement Date, we deduct this fee pro rata from amounts invested in the Subaccounts as of the Valuation Period after each Contract Anniversary that this Contract is in effect. After the Commencement Date, we deduct a portion of the annual fee from each variable dollar payment. We also deduct the full annual fee at the time of a surrender. | |
Waivers
|
Before the Commencement Date if the Account Value is at least $40,000 on the date the fee is due (individual Contracts only). After the Commencement Date if the amount applied to a variable dollar benefit is at least $40,000 (individual Contracts only). In our discretion where we incur reduced sales and servicing expenses. After the Commencement Date where required to satisfy state law. | |
Transfer Fee |
||
Purpose of Fee
|
To offset costs incurred in administering the Contracts. | |
Amount of Fee
|
$25 for each transfer in excess of 12 in any Contract Year. We reserve the right to change the amount of this fee at any time or the number of transfers that can be made without incurring the transfer fee. The maximum amount of the fee that we would impose on a transfer is $30. | |
When and How
Deducted
|
Before the Commencement Date, we deduct the fee from the amount transferred. | |
Waivers
|
Currently, the transfer fee does not apply to transfers associated with the dollar cost averaging, interest sweep and portfolio rebalancing programs. Transfers associated with these programs do not count toward the 12 free transfers permitted in a Contract Year. |
17
Purpose of Charge
|
To offset expenses incurred in administering the Contracts and the Separate Account. | |
Amount of Charge
|
Daily charge equal to 0.000411% of the daily net asset value for each Subaccount, which corresponds to an annual effective rate of 0.15%. | |
When and How
Deducted
|
Before the Commencement Date and, if variable dollar payments are to be made, after the Commencement Date, we deduct this charge from amounts invested in the Subaccounts. | |
Waivers
|
May be waived or reduced in our discretion where we incur reduced sales and servicing expenses. |
Purpose of Charge
|
As compensation for assuming mortality and expense risks under the Contract. We assume mortality risks because we are obligated under the
Contracts to make Annuity Benefit payments and Death Benefit payments. We assume expense risks because our actual expenses in
administering the Contracts and the Separate Account could exceed the
amount recovered through the Contract maintenance fees, transfer fees and
administration charges. |
|
Amount of Charge
|
Daily charge equal to 0.003446% of the daily net asset value for each Subaccount, which corresponds to an effective annual rate of 1.25%. | |
When and How
Deducted
|
Before the Commencement Date and, if variable dollar payments are to be made, after the Commencement Date, we deduct this charge from amounts invested in the Subaccounts. | |
Waivers
|
When we expect to incur reduced sales and servicing expenses, we may issue
a Contract with a reduced mortality and expense risk charge. These
Contracts are referred to as Enhanced Contracts. The mortality and
expense risk charge under an Enhanced Contract is either: a daily charge of 0.002615% of the daily net asset value for each
Subaccount, which corresponds to an effective annual rate of 0.95%, or a daily charge of 0.002063% of the daily net asset value for each
Subaccount, which corresponds to an effective annual rate of 0.75%. |
18
Tax-Qualified and Non-Tax-Qualified | ||
Minimum Transfers from |
||
- any Subaccount
|
$500 or balance of Subaccount, if less than $1,000 | |
- Fixed Account option
|
$500 or balance of Fixed Account option, if less | |
Minimum Transfer to |
||
- Fixed Accumulation Account
|
None | |
- Fixed Account option with guarantee
period
|
$2,000 No amounts may be transferred to a guarantee period option which would extend beyond the Annuity Commencement Date. | |
Maximum Transfers from |
||
- Fixed Accumulation Account
|
During any contract year, 20% of the Fixed Account options value as of the most recent contract anniversary. | |
- Maturing Fixed Account option with
guarantee period
|
The amount contained in the maturing Fixed Account option with guarantee period. | |
- Non-Maturing Fixed Account option
with guarantee period
|
During any contract year, 20% of the Fixed Account options value as of the most recent contract anniversary without penalty. | |
General Restrictions on Transfers from Fixed Account options |
§ May not be made prior to first contract
anniversary. |
|
§ Amounts transferred from Fixed Account
options to Subaccounts may not be transferred
back to Fixed Account options for a period of six
months from the date of the original transfer. |
||
General Restrictions on Transfers to Fixed Account option with guarantee period |
For Contracts issued after May 1, 2004 in states where the Company has received regulatory approval, amounts may be transferred to the Three-Year Guaranteed Interest Rate Option only during the first contract year. |
| by telephone at 1-800-789-6771 | ||
| by facsimile at 513-768-5115 or |
19
| over the Internet through our web site at www.gafri.com. |
Minimum Account | ||||||
Service | Description | Requirements | Limitations/Notes | |||
Dollar Cost
Averaging Dollar
cost averaging
requires regular
investments
regardless of
fluctuating price
levels and does not
guarantee profits
or prevent losses
in a declining
market. You should
consider your
financial ability
to continue dollar
cost averaging
transfers through
periods of changing
price levels.
|
Automatic transfers from the money market Subaccount to any other Subaccount(s), or from the Fixed Accumulation Account option (where available) to any Subaccount(s), on a monthly or quarterly basis. | Source of funds must be at least $10,000. Minimum transfer per month is $500. When balance of source of funds falls below $500, entire balance will be allocated according to dollar cost averaging instructions. | Dollar cost averaging transfers may not be made to any of the Fixed Account options. The dollar cost averaging transfers will take place on the last Valuation Date of each calendar month or quarter as requested by the Owner. | |||
Portfolio
Rebalancing
Portfolio
rebalancing does
not guarantee
profits or prevent
losses in a
declining market.
|
Automatically transfer amounts between the Subaccounts and the Fixed Accumulation Account option (where available) to maintain the percentage allocations selected by the Owner. | Minimum Account Value of $10,000. | Transfers will take place on the last Valuation Date of each calendar quarter. Portfolio rebalancing will not be available if the dollar cost averaging program or an interest sweep from the Fixed Accumulation Account option is being utilized. | |||
Interest Sweep
|
Automatic transfers of the income from any Fixed Account option(s) to any Subaccount(s). | Balance of each Fixed Account option selected must be at least $5,000. Maximum transfer from each Fixed Account option selected is 20% of such Fixed Account options value per year. Amounts transferred under the interest sweep program will reduce the 20% maximum transfer amount otherwise allowed. | Interest sweep transfers will take place on the last Valuation Date of each calendar quarter. |
20
21
Tax Qualified Contracts | Non Tax Qualified Contracts | |||
Minimum withdrawal amount
|
$500 | $500 | ||
Minimum remaining Account Value after a withdrawal |
$500 | $500 | ||
Amount available for surrender
(valued as of end of Valuation Period in which we receive the surrender request) |
Account Value subject to tax law or employer plan restrictions on withdrawals | Account Value subject to employer plan restrictions on withdrawals | ||
Contract maintenance fee on full surrender
|
$40 | |||
Tax penalty for early withdrawal
|
When applicable, 10% of amount distributed before age 59 1/2 (25%for certain SIMPLE IRAs) |
| when the New York Stock Exchange is closed or when trading on the New York Stock Exchange is restricted; | |
| when the SEC determines that an emergency exists as a result of which the disposal of securities in the Separate Account is not reasonably practicable or it is not reasonably practicable to determine fairly the value of the nets assets in the Separate Account; or | |
| when the SEC permits a suspension or delay in payment for the protection of security holders. |
22
| Because the maximum interest rate we charge on a loan is 8% and the minimum interest rate we credit to the collateral amount in the Fixed Accumulation Account is 3%, the maximum loan interest spread is 5%. | ||
| Because we are currently charging 6% interest on loans and crediting 3% interest on collateral, the current loan interest spread is 3%. | ||
| A plan administrator or employer retirement plan may require us to charge an interest rate on loans that is higher than 8%. In this case, the maximum loan interest spread will be higher than 5% and the current loan interest spread will be higher than 3%. | ||
ü Annuity Benefit
|
The payments that may be made under the Annuity Benefit section of the Contract. | |
ü Annuity Benefit Amount
|
The Account Value, reduced by any fees and charges, loans, and applicable premium tax or other taxes not previously deducted, will be used to provide Annuity Benefit payments under the Contract. | |
ü Annuity Commencement Date
|
The first day of the first payment interval for which an Annuity Benefit payment is to be made. |
23
Tax Qualified Contract | Non Tax Qualified Contract | |
The Annuity Commencement Date
generally must be no later than
the Contract Anniversary following
your 70th birthday. The Annuity
Commencement Date can be later
only if we agree.
|
The Annuity Commencement Date generally must be no later than (1) the Contract Anniversary following the 85th birthday of the elder of you or any joint owner or (2) five years after the effective date of the Contract, whichever is later. The Annuity Commencement Date can be later only if we agree |
1998 Version
|
If you do not select a settlement option, Annuity Benefit payments will be fixed dollar payments made monthly under the terms of Settlement Option B for a period of 10 years. |
| If you are not the Annuitant, you can elect to have the Annuity Benefit payments made to yourself as payee. | |
| Annuity Benefit payments may be paid as a transfer or rollover to, or as a tax-free exchange for, an annuity or tax-qualified account as permitted by federal tax law. |
24
ü Beneficiary
|
The person entitled to receive any Death Benefit under this Contract. More information about the Beneficiary is included in the Contract section of the prospectus . | |
ü Death Benefit
|
The benefit described in the Death Benefit section of the Contract. | |
ü Death Benefit Commencement Date
|
(1) The first day of the first payment interval for a Death Benefit that is paid as periodic payments or (2) the date of payment for a Death Benefit that is paid as a lump sum. | |
ü Death Benefit Valuation Date
|
The earlier of (1) the date that we have received both Due Proof of Death and a Written Request with instructions as to the form of the Death Benefit and (2) the Death Benefit Commencement Date. | |
ü Due Proof of Death
|
A certified copy of a death certificate or a certified copy of a decree made by a court of competent jurisdiction as to the finding of death. We will also accept other proof that is satisfactory to us. |
| You or a joint owner is a non-natural person and the Annuitant dies before the Annuity Commencement Date and before the Contract is surrendered. | |
| The Contract is a Tax Qualified Contract and the Annuitant dies before the Annuity Commencement Date and before the Contract is surrendered. |
25
Purchase Payments |
$ | 100,000 | ||
Less proportional reduction for withdrawals |
11,111 | |||
Purchase Payments reduced for withdrawals |
$ | 88,889 |
1998 | Version The Death Benefit will be an amount equal to the greater of (1) the Account Value as of the Death Benefit Valuation Date and (2) 100% of the Purchase Payment(s) received by us, less any amounts returned to you. |
Purchase Payments |
$ | 100,000 | ||
Less proportional reduction for withdrawals |
10,000 | |||
Purchase Payments reduced for withdrawals |
$ | 90,000 |
26
| If the death benefit is less than $5,000 or the beneficiary is a non-natural person such as a trust, estate or corporation, we pay the death benefit with a single check payable to the beneficiary. | ||
| If the beneficiary is a resident of Arkansas, Colorado, Florida, Kansas, Maryland, Nevada, North Carolina or North Dakota and he or she requests that the lump sum be paid by check, we pay the death benefit with a single check payable to the beneficiary. |
1998 Version | If you do not select a settlement option, Death Benefit payments will be fixed dollar payments made monthly under the terms of Settlement Option A for a period of 4 years. |
27
| If the Beneficiary is a non-natural person, the Beneficiary may elect to have Death Benefit payments made to a payee to whom the Beneficiary is obligated to make corresponding payments. This election must be made by Written Request before the Death Benefit Commencement Date. Otherwise, a Beneficiary that is a non-natural person may only elect to have settlement option payments made under a fixed period payment option. | |
| Death Benefit payments may be paid as a transfer or rollover to, or as a tax-free exchange for, an annuity or tax-qualified account as permitted by federal tax law. |
| The Account Value will be increased to equal the amount of the Death Benefit that would have been payable if your (or civil union partner/domestic partner/same-gender spouse in applicable states) had not become the successor owner. | |
| If the Death Benefit that would have been payable is equal to the Account Value on the applicable date, the Account Value will not be increased. |
Option | Description | |
Option A Income for a Fixed Period |
We will make periodic
payments for a fixed period
of 5 to 30 years. (Payment intervals of 1 to 4 years are available for Death Benefit settlement options only.) |
28
Option | Description | |
Option B Life Annuity with Payments for a Fixed Period |
We will make periodic payments for at least a fixed period. If the person on whose life benefit payments are based lives longer than the fixed period, then we will make payments until his or her death. | |
Option C Joint and One-Half Survivor Annuity |
We will make periodic payments until the death of the primary person on whose life benefit payments are based. After the death of the primary person, we will make one-half of the periodic payment until the death of the secondary person on whose life benefit payments are based. |
1998 Version | The 1983 Individual Annuity Mortality Table with interest at 3% per year, compounded annually, is used to compute all guaranteed settlement option factors, values, and benefits under the Contract. |
29
| Generally, the longer the period over which payments are made or the more frequently the payments are made, the lower the amount of each payment because more payments will be made. | |
| For life contingent settlement options (Option B and Option C), the longer the life expectancy of the Annuitant or Beneficiary, the lower the amount of each payment because more payments are expected to be paid. | |
| Fixed dollar payments will remain level for the duration of the payment period. | |
| The actual amount of each variable dollar payment may vary from payment to payment regardless of the duration of the payment period. The actual amount of each variable dollar payment will reflect the investment performance of the Subaccount(s) selected. The assumed daily investment factor, which is based on a net investment rate of 1% per year, compounded annually, (3% per year, compounded annually, for the 1998 version of the Contract) also affects the amount by which variable dollar payments increase or decrease. |
30
| When required by state or federal law, we will refund the Purchase Payments without any investment gain or loss, during all or the applicable part of the right to cancel period. | ||
| When required by state or federal law, we will refund the Purchase Payments in full, without deducting any fees or charges, during the right to cancel period. | ||
| When required by state law, the right to cancel period may be longer than 20 days. | ||
| When required by state law, the right to cancel may apply to group Contracts. |
31
1998 Version | Your (or civil union partner/domestic partner/same-gender spouse in applicable states) may not succeed to the ownership of the Contract after your death unless the Contract was issued with an endorsement that permits your (or civil union partner/domestic partner/same-gender spouse in applicable states) to become the successor owner. |
Tax Qualified Contracts
|
For an individual Contract, no joint owner is permitted. | |
Non Tax Qualified Contracts
|
Two persons may jointly own the Contract. Each joint owner may exercise allocation and transfer rights independently. All other rights of ownership must be exercised by joint action. | |
A surviving joint owner who is not the (or civil union partner/domestic partner/same-gender spouse in applicable states) of a deceased owner may not become a successor owner, but will be deemed to be the Beneficiary of the Death Benefit that becomes payable on the death of the first owner to die, regardless of any Beneficiary designation. |
Tax Qualified Contracts
|
You may not transfer, sell or in any way alienate your interest in the Contract except to the limited extent provided in the tax qualification endorsement. | |
Non Tax Qualified Contracts
|
You may transfer ownership at any time during your lifetime. A transfer must be made by Written Request. Except as otherwise elected or required by law, a transfer of ownership will not cancel a designation of an Annuitant or Beneficiary or a settlement option election. A transfer of ownership may have adverse tax consequences |
Tax Qualified Contracts
|
You may not pledge, charge, encumber, or in any way assign your interest in the Contract. | |
Non Tax Qualified Contracts
|
You may assign all or any part of your rights under this Contract except: |
| the right to designate or change a Beneficiary | ||
| the right to designate or change an Annuitant | ||
| the right to transfer ownership and | ||
| the right to elect a settlement option. |
The person to whom rights are assigned is called an assignee. An assignment must be made by Written Request. We are not responsible for the validity of any assignment. If an assignment is allowed, the rights of an assignee, including the right to any payment under the Contact, come before the right of the Owner, Annuitant, Beneficiary, or other payee. An assignment may be ended only by the assignee or as provided by law. |
Tax Qualified Contracts
|
If this Contract is an individual contract, the Annuitant must be the Owner. If this Contract is a group contract, then the Annuitant is the designated participant in the group plan for whose benefit the Contract was purchased. The designation cannot be changed. |
32
Non Tax Qualified Contracts
|
The Annuitant is the person or persons designated by you. If you do not designate an Annuitant or if no Annuitant designated by you is surviving, then the Annuitant will be each Owner who is a natural person. |
| A designation may name 2 or more natural persons jointly as the Annuitant. On the death of a joint Annuitant, the survivor will become the sole Annuitant. | ||
| A designation may name a contingent Annuitant. A contingent Annuitant will become the Annuitant only if there is no surviving primary Annuitant. |
You generally may make or change a designation of Annuitant at any time before the Annuity Commencement Date. A designation of annuitant must be made by Written Request. | ||
The designation of Annuitant may not be made or changed if the Owner or a joint owner is a trustee or a non-natural person. Except as otherwise elected or as required by law, a change of Annuitant will not cancel a designation of a Beneficiary or a settlement option election. |
Tax Qualified Contracts
|
You are the Annuitant under the Contract and, as the Annuitant, you are the payee of the Annuity Benefit. | |
Non Tax Qualified Contracts
|
The Beneficiary is the payee of the Death Benefit. The Annuitant under the Contract is the payee of the Annuity Benefit. If you are not the Annuitant, you can elect to have the Annuity Benefit Payments made to you as payee. | |
The Beneficiary is the payee of the Death Benefit. |
33
Annuity Benefits
|
You may designate a contingent payee to receive Annuity Benefit payments that are still payable after the death of the payee. | |
If there is no such payee or contingent payee surviving, then we will make such payments to the person or person designated as contingent payee by the last payee who received payments. | ||
Failing that, we will make such payments to the estate of the last payee who received payments. | ||
Unless you have specified that a prior designation is irrevocable, you may change the payee or contingent payee at any time. | ||
Death Benefits
|
You may designate a contingent payee to receive Death Benefit payments that are still payable after the death of the Beneficiary. | |
If there is no such payee or contingent payee surviving, then we will make such payments to the person or person designated as contingent payee by the Beneficiary. | ||
Failing that, we will make such payments to the estate of the last payee who received payments. | ||
A Beneficiary may not change a contingent payee designation made by you. A Beneficiary may make or change any other payee or contingent designation at any time. |
34
35
36
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38
Nonqualified Deferred | ||||||
Tax-Qualified Contracts and Plans | Compensation Plans | Other Annuity Contracts | ||||
Plan Types
|
§ IRC §401 (Pension,
ProfitSharing, 401(k)) § IRC §403(b)
(Tax-Sheltered Annuity) § IRC §408 (IRA,
SEP, SIMPLE IRA) § IRC §408A (Roth
IRA) § IRC §402A (Roth
TSA or Roth 401(k)) § IRC §457
(Governmental §457) |
§ IRC §409A
§ IRC §457 (Nongovernmental
§457) |
IRC §72 only | |||
Who May Purchase a
Contract
|
Eligible employee, employer, or employer plan. | Employer on behalf of eligible employee. Employer generally loses tax-deferred status of Contract itself. | Anyone. Non-natural person will generally lose tax-deferred status. | |||
Distribution Restrictions | Distributions from Contract or plan may be restricted to meet requirements of the Internal Revenue Code and/or terms of the retirement plan. | None. | ||||
Taxation of Surrenders and Lump Sum Death Benefit | Generally, 100% of distributions must be included in taxable income. However, the portion that represents an after-tax contributions or other investment in the contract is not taxable. Distributions from Roth IRA are deemed to come first from after-tax contributions. Distributions from other Contracts are generally deemed to come from investment in the contract on a pro-rata basis. Distributions from §408A Roth IRA or §402A Roth TSA or Roth 401(k) are completely tax free if certain requirements are met. | Generally,
distributions must be
included in taxable
income until all
earnings are paid out.
Thereafter,
distributions are
tax-free return of the
investment in the
contract. However, distributions are tax-free until any contributions from before August 14, 1982 are returned. |
||||
Taxation of Annuitization Payments (annuity benefit or death benefit) | For fixed dollar benefit payments, a percentage of each payment is tax free equal to the ratio of after-tax investment in the contract (if any) to the total expected payments, and the balance is included in taxable income. For variable dollar benefit payments, a specific dollar amount of each payment is tax free, as predetermined by a pro rata formula, rather than a percentage of each payment. In either case, once the after-tax investment in the contract has been recovered, the full amount of each benefit payment is included in taxable income. Distributions from a Roth IRA, Roth TSA, or Roth 401(k) are completely tax free if certain requirements are met. | |||||
Possible Penalty
Taxes for
Distributions
Before Age 591/2
|
Taxable portion of payments made before age 591/2 may be subject to 10% penalty tax (or 25% for a SIMPLE IRA during the first two years of participation). Penalty taxes do not apply to payments after the participants death, or to §457 plans. Other exceptions may apply. | No penalty taxes. | Taxable portion of payments made before age 591/2 may be subject to a 10% penalty tax. Penalty taxes do not apply to payments after the Owners death. Other exceptions may apply. | |||
Assignment/ Transfer of Contract | Assignment and transfer of Ownership generally not permitted. | Generally, deferred earnings taxable to transferor on transfer or assignment. Gift tax consequences are not discussed herein. | ||||
Federal Income Tax
Withholding
|
Eligible rollover distributions from §401, §403(b), and governmental §457(b) plan Contracts are subject to 20% mandatory withholding on taxable portion unless direct rollover. For other payments, Payee may generally elect to have taxes withheld or not. | Generally subject to wage withholding. | Generally, Payee may elect to have taxes withheld or not. |
39
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| To request a copy, please clip this coupon on the dotted line below, enter your name and address in the spaces provided, and mail to: Annuity Investors Life Insurance Company, P.O. Box 5423, Cincinnati, Ohio 45201-5423. | |
| You may also call us at 1-800-789-6771, or visit us at our web site www.gafri.com to request a copy. |
Name: |
||||||
Address: |
||||||
City:
|
State: | Zip: | ||||
41
Number of | ||||||||||||||||||||||||||||
Group | ||||||||||||||||||||||||||||
Number of Group | Group | Contract | ||||||||||||||||||||||||||
Group Contract | Contract (1.10% | Contract | (0.90% Total | |||||||||||||||||||||||||
Number of | (1.10% Total | Total Separate | (0.90% Total | Separate | ||||||||||||||||||||||||
Individual | Separate | Account | Separate | Account | ||||||||||||||||||||||||
Individual | Contract | Account | Expenses) | Account | Expenses) | |||||||||||||||||||||||
Contract | Accumulation | Expenses) | Accumulation | Expenses) | Accumulation | |||||||||||||||||||||||
Accumulation | Units | Accumulation | Units | Accumulation | Units | |||||||||||||||||||||||
Unit Value | Outstanding | Unit Value | Outstanding | Unit Value | Outstanding | Year | ||||||||||||||||||||||
American Century VP Large Company Value Fund-Class I Shares (Inception Date 12/1/2004) | ||||||||||||||||||||||||||||
8.901355 | 251,200.267 | 9.040175 | 408.687 | 9.133548 | 0.000 | 12/31/09 | ||||||||||||||||||||||
7.520419 | 292,792.476 | 7.614507 | 586.278 | 7.677635 | 0.000 | 12/31/08 | ||||||||||||||||||||||
12.161971 | 382,937.244 | 12.276538 | 562.471 | 12.353222 | 0.000 | 12/31/07 | ||||||||||||||||||||||
12.494572 | 420,902.275 | 12.573776 | 280.955 | 12.626654 | 0.000 | 12/31/06 | ||||||||||||||||||||||
10.560864 | 99,384.541 | 10.595660 | 82.915 | 10.618830 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.216542 | 36,701.792 | 10.219180 | 0.000 | 10.220930 | 0.000 | 12/31/04 | ||||||||||||||||||||||
American Century VP Mid Cap Value Fund-Class I Shares (Inception Date 12/1/2004) | ||||||||||||||||||||||||||||
12.261657 | 554,495.560 | 12.452868 | 1,805.921 | 12.581419 | 0.000 | 12/31/09 | ||||||||||||||||||||||
9.570065 | 643,576.702 | 9.689796 | 2,128.521 | 9.770091 | 0.000 | 12/31/08 | ||||||||||||||||||||||
12.830516 | 824,409.192 | 12.951404 | 1,978.442 | 13.032269 | 0.000 | 12/31/07 | ||||||||||||||||||||||
13.320957 | 911,824.088 | 13.405406 | 2,031.092 | 13.461747 | 0.000 | 12/31/06 | ||||||||||||||||||||||
11.229852 | 114,376.075 | 11.266849 | 132.931 | 11.291465 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.395465 | 24,970.228 | 10.398152 | 0.000 | 10.399928 | 0.000 | 12/31/04 | ||||||||||||||||||||||
American Century VP Ultra® Fund-Class I Shares (Inception Date 12/1/2004) | ||||||||||||||||||||||||||||
9.109140 | 465,662.402 | 9.251218 | 7,296.322 | 9.346746 | 0.000 | 12/31/09 | ||||||||||||||||||||||
6.869832 | 518,640.998 | 6.955803 | 7,329.338 | 7.013465 | 0.000 | 12/31/08 | ||||||||||||||||||||||
11.906808 | 575,813.493 | 12.019004 | 7,031.090 | 12.094070 | 0.000 | 12/31/07 | ||||||||||||||||||||||
9.979396 | 707,542.380 | 10.042693 | 8,378.330 | 10.084934 | 0.000 | 12/31/06 | ||||||||||||||||||||||
10.463493 | 32,615.015 | 10.497965 | 0.000 | 10.520913 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.386756 | 598.086 | 10.389435 | 0.000 | 10.391213 | 0.000 | 12/31/04 | ||||||||||||||||||||||
American Century VP VistaSM Fund-Class I Shares (Inception Date 12/1/2004) | ||||||||||||||||||||||||||||
10.046098 | 743,185.410 | 10.202788 | 5,530.674 | 10.308131 | 0.000 | 12/31/09 | ||||||||||||||||||||||
8.319404 | 826,352.105 | 8.423513 | 8,326.352 | 8.493327 | 0.000 | 12/31/08 | ||||||||||||||||||||||
16.424171 | 915,985.190 | 16.578885 | 8,152.670 | 16.682385 | 0.000 | 12/31/07 | ||||||||||||||||||||||
11.918299 | 976,806.445 | 11.993889 | 11,321.554 | 12.044325 | 0.000 | 12/31/06 | ||||||||||||||||||||||
11.088360 | 79,780.294 | 11.124884 | 0.000 | 11.149189 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.399373 | 4,938.285 | 10.402055 | 0.000 | 10.403835 | 0.000 | 12/31/04 | ||||||||||||||||||||||
Calamos Growth and Income Portfolio (Inception Date 5/1/2007) | ||||||||||||||||||||||||||||
9.633554 | 118,358.600 | 9.712245 | 339.368 | 9.764828 | 0.000 | 12/31/09 | ||||||||||||||||||||||
7.007788 | 111,399.974 | 7.043597 | 429.616 | 7.067460 | 0.000 | 12/31/08 | ||||||||||||||||||||||
10.412111 | 51,983.045 | 10.433387 | 230.905 | 10.447519 | 0.000 | 12/31/07 | ||||||||||||||||||||||
Davis Value Portfolio (Inception Date 5/1/2007) | ||||||||||||||||||||||||||||
7.559947 | 190,658.865 | 7.621755 | 2,583.968 | 7.663033 | 0.000 | 12/31/09 | ||||||||||||||||||||||
5.845926 | 154,220.486 | 5.875823 | 945.382 | 5.895744 | 0.000 | 12/31/08 | ||||||||||||||||||||||
9.935864 | 36,509.854 | 9.956171 | 13.838 | 9.969667 | 0.000 | 12/31/07 | ||||||||||||||||||||||
Dreyfus IP MidCap Stock Portfolio-Service Shares (Inception Date 5/1/2007) | ||||||||||||||||||||||||||||
7.284643 | 6,059.237 | 7.344183 | 0.000 | 7.383992 | 0.000 | 12/31/09 | ||||||||||||||||||||||
5.459428 | 6,054.670 | 5.487338 | 0.000 | 5.505956 | 0.000 | 12/31/08 | ||||||||||||||||||||||
9.297957 | 1,976.759 | 9.316963 | 0.000 | 9.329598 | 0.000 | 12/31/07 |
42
Number of | ||||||||||||||||||||||||||||
Group | ||||||||||||||||||||||||||||
Number of Group | Group | Contract | ||||||||||||||||||||||||||
Group Contract | Contract (1.10% | Contract | (0.90% Total | |||||||||||||||||||||||||
Number of | (1.10% Total | Total Separate | (0.90% Total | Separate | ||||||||||||||||||||||||
Individual | Separate | Account | Separate | Account | ||||||||||||||||||||||||
Individual | Contract | Account | Expenses) | Account | Expenses) | |||||||||||||||||||||||
Contract | Accumulation | Expenses) | Accumulation | Expenses) | Accumulation | |||||||||||||||||||||||
Accumulation | Units | Accumulation | Units | Accumulation | Units | |||||||||||||||||||||||
Unit Value | Outstanding | Unit Value | Outstanding | Unit Value | Outstanding | Year | ||||||||||||||||||||||
Dreyfus IP Technology Growth Portfolios-Initial Shares (Inception Date 12/1/2004) | ||||||||||||||||||||||||||||
10.895130 | 997,390.377 | 11.065036 | 4,874.101 | 11.179274 | 0.000 | 12/31/09 | ||||||||||||||||||||||
7.008211 | 1,051,298.784 | 7.095896 | 4,912.351 | 7.154718 | 0.000 | 12/31/08 | ||||||||||||||||||||||
12.085181 | 1,154,532.874 | 12.199017 | 4,614.070 | 12.275209 | 0.000 | 12/31/07 | ||||||||||||||||||||||
10.684409 | 1,309,668.746 | 10.752145 | 7,254.620 | 10.797370 | 0.000 | 12/31/06 | ||||||||||||||||||||||
10.388053 | 32,100.558 | 10.422269 | 0.000 | 10.445063 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.151024 | 198.889 | 10.153642 | 0.000 | 10.155381 | 0.000 | 12/31/04 | ||||||||||||||||||||||
The Dreyfus Socially Responsible Growth Fund, Inc.-Initial Shares (Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
10.287151 | 560,684.875 | 10.679251 | 7,795.056 | 8.817978 | 0.000 | 12/31/09 | ||||||||||||||||||||||
7.800236 | 579,088.137 | 8.072969 | 7,715.712 | 6.652498 | 0.000 | 12/31/08 | ||||||||||||||||||||||
12.064814 | 630,147.828 | 12.448556 | 6,547.156 | 10.237389 | 0.000 | 12/31/07 | ||||||||||||||||||||||
11.353220 | 701,011.037 | 11.678582 | 5,863.440 | 9.584710 | 0.000 | 12/31/06 | ||||||||||||||||||||||
10.543914 | 795,479.598 | 10.813247 | 5,790.816 | 8.856675 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.320091 | 913,267.538 | 10.551666 | 5,286.547 | 8.625051 | 0.000 | 12/31/04 | ||||||||||||||||||||||
9.854396 | 925,266.631 | 10.045110 | 4,815.599 | 8.194494 | 4,333.000 | 12/31/03 | ||||||||||||||||||||||
7.930106 | 960,232.146 | 8.059684 | 3,420.290 | 6.561870 | 3,843.678 | 12/31/02 | ||||||||||||||||||||||
11.317226 | 1,066,026.751 | 11.468022 | 1,578.746 | 9.318292 | 3,077.581 | 12/31/01 | ||||||||||||||||||||||
14.823134 | 894,007.973 | | | | | 12/31/00 | ||||||||||||||||||||||
Dreyfus Stock Index Fund, Inc.-Initial Shares (Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
12,160550 | 3,157,298.781 | 12.623970 | 14,673.632 | 10.258200 | 0.000 | 12/31/09 | ||||||||||||||||||||||
9.762392 | 3,356,601.303 | 10.103650 | 13,245.896 | 8.193641 | 0.000 | 12/31/08 | ||||||||||||||||||||||
15.752402 | 3,792,658.208 | 16.253270 | 8,643.223 | 13.153999 | 0.000 | 12/31/07 | ||||||||||||||||||||||
15.179498 | 4,190,418.249 | 15.614354 | 7,744.043 | 12.611288 | 0.000 | 12/31/06 | ||||||||||||||||||||||
13.328744 | 4,493,460.193 | 13.669089 | 6,535.021 | 11.017946 | 0.000 | 12/31/05 | ||||||||||||||||||||||
12.911696 | 4,792,865.682 | 13.201315 | 7,554.962 | 10.619518 | 0.000 | 12/31/04 | ||||||||||||||||||||||
11.835440 | 4,670,251.024 | 12.064404 | 9,003.839 | 9.685471 | 73,399.535 | 12/31/03 | ||||||||||||||||||||||
9.349226 | 4,454,143.840 | 9.501934 | 6,861.288 | 7.613224 | 67,021.625 | 12/31/02 | ||||||||||||||||||||||
12.210993 | 4,141,595.630 | 12.373650 | 4,522.004 | 9.894503 | 58,922.095 | 12/31/01 | ||||||||||||||||||||||
14.100696 | 3,598,196.884 | | | | | 12/31/00 | ||||||||||||||||||||||
Dreyfus VIF Appreciation Portfolio-Initial Shares (Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
13.314101 | 646,153.835 | 12.623970 | 2,554.564 | 11.344306 | 0.000 | 12/31/09 | ||||||||||||||||||||||
11.017708 | 708,576.070 | 11.402845 | 3,921.416 | 9.340292 | 0.000 | 12/31/08 | ||||||||||||||||||||||
15.862343 | 863,904.016 | 16.366759 | 3,664.796 | 13.379175 | 0.000 | 12/31/07 | ||||||||||||||||||||||
15.017729 | 946,182.350 | 15.447987 | 4,551.668 | 12.602520 | 0.000 | 12/31/06 | ||||||||||||||||||||||
13.075735 | 1,005,802.778 | 13.409645 | 4,744.717 | 10.917645 | 0.000 | 12/31/05 | ||||||||||||||||||||||
12.704674 | 1,036,367.953 | 12.989662 | 6,831.224 | 10.554457 | 0.000 | 12/31/04 | ||||||||||||||||||||||
12.265787 | 936,025.635 | 12.503079 | 8,455.513 | 10.138694 | 2,923.121 | 12/31/03 | ||||||||||||||||||||||
10.264481 | 821,738.414 | 10.432114 | 6,651.281 | 8.442660 | 2,343.298 | 12/31/02 | ||||||||||||||||||||||
12.497173 | 717,965.716 | 12.663627 | 5,276.343 | 10.228319 | 1,894.964 | 12/31/01 | ||||||||||||||||||||||
13.974173 | 649,590.073 | | | | | 12/31/00 |
43
Number of | ||||||||||||||||||||||||||||
Group | ||||||||||||||||||||||||||||
Number of Group | Group | Contract | ||||||||||||||||||||||||||
Group Contract | Contract (1.10% | Contract | (0.90% Total | |||||||||||||||||||||||||
Number of | (1.10% Total | Total Separate | (0.90% Total | Separate | ||||||||||||||||||||||||
Individual | Separate | Account | Separate | Account | ||||||||||||||||||||||||
Individual | Contract | Account | Expenses) | Account | Expenses) | |||||||||||||||||||||||
Contract | Accumulation | Expenses) | Accumulation | Expenses) | Accumulation | |||||||||||||||||||||||
Accumulation | Units | Accumulation | Units | Accumulation | Units | |||||||||||||||||||||||
Unit Value | Outstanding | Unit Value | Outstanding | Unit Value | Outstanding | Year | ||||||||||||||||||||||
Dreyfus VIF Growth and Income Portfolio-Initial Shares (Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
10.209163 | 333,618.835 | 10.598240 | 4,148.936 | 9.829376 | 0.000 | 12/31/09 | ||||||||||||||||||||||
8.039857 | 397,593.350 | 8.320928 | 3,603.879 | 7.701708 | 0.000 | 12/31/08 | ||||||||||||||||||||||
13.684704 | 484,210.513 | 14.119889 | 3,131.987 | 13.042638 | 0.000 | 12/31/07 | ||||||||||||||||||||||
12.799045 | 534,977.589 | 13.165752 | 3,400.363 | 12.136646 | 0.000 | 12/31/06 | ||||||||||||||||||||||
11.335178 | 573,338.603 | 11.624648 | 4,096.135 | 10.694477 | 0.000 | 12/31/05 | ||||||||||||||||||||||
11.122877 | 660,745.227 | 11.372419 | 5,058.158 | 10.441383 | 0.000 | 12/31/04 | ||||||||||||||||||||||
10.496627 | 594,854.140 | 10.699714 | 4,344.521 | 9.804034 | 1,018.544 | 12/31/03 | ||||||||||||||||||||||
8.409071 | 633,983.863 | 8.546428 | 2,655.811 | 7.815544 | 780.152 | 12/31/02 | ||||||||||||||||||||||
11.419341 | 646,842.656 | 11.571439 | 1,474.275 | 10.560897 | 544.980 | 12/31/01 | ||||||||||||||||||||||
12.299306 | 572,006.660 | | | | | 12/31/00 | ||||||||||||||||||||||
Dreyfus VIF Money Market Portfolio (Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
1.214495 | 5,766,256.197 | 1.252565 | 45,108.568 | 1.236565 | 0.000 | 12/31/09 | ||||||||||||||||||||||
1.227384 | 6,894,098.095 | 1.262277 | 38,305.622 | 1.244346 | 0.000 | 12/31/08 | ||||||||||||||||||||||
1.216497 | 7,980,519.294 | 1.248206 | 35,610.229 | 1.228338 | 0.000 | 12/31/07 | ||||||||||||||||||||||
1.183188 | 6,426,348.042 | 1.211707 | 35,651.958 | 1.189895 | 0.000 | 12/31/06 | ||||||||||||||||||||||
1.152576 | 6,753,332.466 | 1.177927 | 40,350.784 | 1.154189 | 0.000 | 12/31/05 | ||||||||||||||||||||||
1.140557 | 5,458,310.932 | 1.162738 | 4,618.151 | 1.137075 | 0.000 | 12/31/04 | ||||||||||||||||||||||
1.146684 | 11,398,828.937 | 1.165764 | 9,040.873 | 1.138179 | 133,840.928 | 12/31/03 | ||||||||||||||||||||||
1.153638 | 26,597,370.970 | 1.169798 | 23,476.567 | 1.140327 | 126,326.727 | 12/31/02 | ||||||||||||||||||||||
1.153108 | 17,775,594.379 | 1.166325 | 15,244.920 | 1.134928 | 127,843.640 | 12/31/01 | ||||||||||||||||||||||
1.128116 | 7,677,545.259 | | | | | 12/31/00 | ||||||||||||||||||||||
Dreyfus VIF Opportunistic Small Cap Portfolio -Initial Shares (Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
10.091016 | 566,076.124 | 10.475736 | 3,327.238 | 10.027548 | 0.000 | 12/31/09 | ||||||||||||||||||||||
8.120054 | 592,552.159 | 8.404032 | 3,429.651 | 8.028251 | 0.000 | 12/31/08 | ||||||||||||||||||||||
13.197067 | 683,423.829 | 13.616883 | 3,292.355 | 12.981641 | 0.000 | 12/31/07 | ||||||||||||||||||||||
15.049986 | 807,530.215 | 15.481299 | 5,517.924 | 14.729135 | 0.000 | 12/31/06 | ||||||||||||||||||||||
14.708620 | 908,638.512 | 15.084331 | 6,468.518 | 14.322591 | 0.000 | 12/31/05 | ||||||||||||||||||||||
14.099077 | 919,021.905 | 14.415462 | 6,838.658 | 13.660000 | 0.000 | 12/31/04 | ||||||||||||||||||||||
12.842412 | 898,484.551 | 13.090970 | 9,249.068 | 12.379997 | 5,775.857 | 12/31/03 | ||||||||||||||||||||||
9.888294 | 887,931.962 | 10.049896 | 5,581.765 | 9.485334 | 5,490.189 | 12/31/02 | ||||||||||||||||||||||
12.397758 | 698,539.631 | 12.563024 | 2,568.238 | 11.833795 | 4,481.981 | 12/31/01 | ||||||||||||||||||||||
13.391746 | 482,890.909 | | | | | 12/31/00 | ||||||||||||||||||||||
DWS Small Cap Index VIP Fund-Class A (Inception Date 5/1/1999) | ||||||||||||||||||||||||||||
13.570609 | 294,557.144 | 14.022277 | 171.426 | 14.324246 | 0.000 | 12/31/09 | ||||||||||||||||||||||
10.880984 | 299,117.876 | 11.201557 | 217.385 | 11.419700 | 0.000 | 12/31/08 | ||||||||||||||||||||||
16.753029 | 419,825.549 | 17.193942 | 153.623 | 17.493245 | 0.000 | 12/31/07 | ||||||||||||||||||||||
17.321028 | 452,371.808 | 17.722591 | 276.237 | 17.994514 | 0.000 | 12/31/06 | ||||||||||||||||||||||
14.951171 | 417,983.505 | 15.251478 | 151.892 | 15.454348 | 0.000 | 12/31/05 | ||||||||||||||||||||||
14.543337 | 347,239.433 | 14.790573 | 44.787 | 14.957190 | 0.000 | 12/31/04 | ||||||||||||||||||||||
12.525203 | 434,240.830 | 12.699687 | 8.778 | 12.816964 | 1,637.748 | 12/31/03 | ||||||||||||||||||||||
8.673629 | 165,980.862 | 8.768488 | 0.000 | 8.832017 | 1,015.061 | 12/31/02 | ||||||||||||||||||||||
11.074827 | 153,151.939 | 11.162755 | 54.021 | 11.221359 | 577.104 | 12/31/01 | ||||||||||||||||||||||
11.003134 | 83,894.729 | | | | | 12/31/00 |
44
Number of | ||||||||||||||||||||||||||||
Group | ||||||||||||||||||||||||||||
Number of Group | Group | Contract | ||||||||||||||||||||||||||
Group Contract | Contract (1.10% | Contract | (0.90% Total | |||||||||||||||||||||||||
Number of | (1.10% Total | Total Separate | (0.90% Total | Separate | ||||||||||||||||||||||||
Individual | Separate | Account | Separate | Account | ||||||||||||||||||||||||
Individual | Contract | Account | Expenses) | Account | Expenses) | |||||||||||||||||||||||
Contract | Accumulation | Expenses) | Accumulation | Expenses) | Accumulation | |||||||||||||||||||||||
Accumulation | Units | Accumulation | Units | Accumulation | Units | |||||||||||||||||||||||
Unit Value | Outstanding | Unit Value | Outstanding | Unit Value | Outstanding | Year | ||||||||||||||||||||||
Ibbotson Balanced ETF Asset Allocation Portfolio-Class II (Inception Date 5/1/2007) | ||||||||||||||||||||||||||||
8.907869 | 186,322.194 | 8.980628 | 1,219.928 | 9.029267 | 0.000 | 12/31/09 | ||||||||||||||||||||||
7.558919 | 107,236.129 | 7.597522 | 1,051.150 | 7.623267 | 0.000 | 12/31/08 | ||||||||||||||||||||||
10.093988 | 48,022.988 | 10.114606 | 801.436 | 10.128323 | 0.000 | 12/31/07 | ||||||||||||||||||||||
Ibbotson Conservative ETF Asset Allocation Portfolio-Class II (Inception Date 5/1/2007) | ||||||||||||||||||||||||||||
10.218964 | 63,998.511 | 10.302376 | 1,504.883 | 10.358142 | 0.000 | 12/31/09 | ||||||||||||||||||||||
9.572516 | 57,711.154 | 9.621357 | 1,052.032 | 9.653924 | 0.000 | 12/31/08 | ||||||||||||||||||||||
10.331779 | 12,429.371 | 10.352868 | 798.961 | 10.366907 | 0.000 | 12/31/07 | ||||||||||||||||||||||
Ibbotson Growth ETF Asset Allocation Portfolio-Class II (Inception Date 5/1/2007) | ||||||||||||||||||||||||||||
8.282285 | 258,899.931 | 8.349955 | 1,308.443 | 8.395174 | 0.000 | 12/31/09 | ||||||||||||||||||||||
6.738875 | 162,988.155 | 6.773305 | 1,058.808 | 6.796254 | 0.000 | 12/31/08 | ||||||||||||||||||||||
9.994910 | 55,891.199 | 10.015324 | 805.328 | 10.028907 | 0.000 | 12/31/07 | ||||||||||||||||||||||
Ibbotson Income and Growth ETF Asset Allocation Portfolio-Class II (Inception Date 5/1/2007) | ||||||||||||||||||||||||||||
9.525025 | 73,753.690 | 9.602792 | 1,319.783 | 9.654796 | 0.000 | 12/31/09 | ||||||||||||||||||||||
8.526582 | 35,362.381 | 8.570101 | 1,302.787 | 8.599135 | 0.000 | 12/31/08 | ||||||||||||||||||||||
10.193054 | 9,987.815 | 10.213871 | 805.937 | 10.227717 | 0.000 | 12/31/07 | ||||||||||||||||||||||
Invesco V.I. Capital Development Fund -Series I Shares (Inception Date 12/1/2004) | ||||||||||||||||||||||||||||
10.360399 | 881,089.599 | 10.521990 | 8.898.877 | 10.630654 | 0.000 | 12/31/09 | ||||||||||||||||||||||
7.380463 | 946,895.438 | 7.472825 | 8,104.862 | 7.534783 | 0.000 | 12/31/08 | ||||||||||||||||||||||
14.131174 | 1,085,589.211 | 14.264320 | 5,721.311 | 14.353410 | 0.000 | 12/31/07 | ||||||||||||||||||||||
12.930724 | 1,168,401.050 | 13.012710 | 6,948.243 | 13.067437 | 0.000 | 12/31/06 | ||||||||||||||||||||||
11.254617 | 16,459.887 | 11.291687 | 1,008.183 | 11.316377 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.413665 | 2,721.825 | 10.416351 | 0.000 | 10.418135 | 0.000 | 12/31/04 | ||||||||||||||||||||||
Invesco V.I. Core Equity Fund -Series I Shares (Inception Date 5/1/2006) | ||||||||||||||||||||||||||||
10.042331 | 638,170.693 | 10.155438 | 5,046.866 | 10.231256 | 0.000 | 12/31/09 | ||||||||||||||||||||||
7.938572 | 737,379.930 | 8.003616 | 5,312.221 | 8.047095 | 0.000 | 12/31/08 | ||||||||||||||||||||||
11.525903 | 807,450.262 | 11.584894 | 4,107.964 | 11.624216 | 0.000 | 12/31/07 | ||||||||||||||||||||||
10.812798 | 946,182.515 | 10.834974 | 3,675.733 | 10.849709 | 0.000 | 12/31/06 | ||||||||||||||||||||||
Invesco V.I. Financial Services Fund -Series I Shares (Inception Date 5/1/2001) | ||||||||||||||||||||||||||||
5.105057 | 166,863.342 | 5.240456 | 320.689 | 5.332510 | 0.000 | 12/31/09 | ||||||||||||||||||||||
4.063096 | 166,382.593 | 4.158185 | 2,546.957 | 4.222670 | 0.000 | 12/31/08 | ||||||||||||||||||||||
10.161746 | 160,195.947 | 10.367656 | 1,986.127 | 10.506972 | 0.000 | 12/31/07 | ||||||||||||||||||||||
13.250780 | 177,386.400 | 13.477974 | 2,490.821 | 13.631352 | 0.000 | 12/31/06 | ||||||||||||||||||||||
11.540835 | 198,663.153 | 11.703172 | 1,383.076 | 11.812566 | 0.000 | 12/31/05 | ||||||||||||||||||||||
11.051409 | 208,252.570 | 11.172949 | 256.950 | 11.254711 | 0.000 | 12/31/04 | ||||||||||||||||||||||
10.313195 | 157,061.561 | 10.395135 | 38.751 | 10.450179 | 0.000 | 12/31/03 | ||||||||||||||||||||||
8.070175 | 118,822.635 | 8.110243 | 0.000 | 8.137086 | 0.000 | 12/31/02 | ||||||||||||||||||||||
9.616190 | 71,816.401 | 9.635286 | 0.000 | 9.648046 | 0.000 | 12/31/01 |
45
Number of | ||||||||||||||||||||||||||||
Group | ||||||||||||||||||||||||||||
Number of Group | Group | Contract | ||||||||||||||||||||||||||
Group Contract | Contract (1.10% | Contract | (0.90% Total | |||||||||||||||||||||||||
Number of | (1.10% Total | Total Separate | (0.90% Total | Separate | ||||||||||||||||||||||||
Individual | Separate | Account | Separate | Account | ||||||||||||||||||||||||
Individual | Contract | Account | Expenses) | Account | Expenses) | |||||||||||||||||||||||
Contract | Accumulation | Expenses) | Accumulation | Expenses) | Accumulation | |||||||||||||||||||||||
Accumulation | Units | Accumulation | Units | Accumulation | Units | |||||||||||||||||||||||
Unit Value | Outstanding | Unit Value | Outstanding | Unit Value | Outstanding | Year | ||||||||||||||||||||||
Invesco V.I. Global Health Care Fund -Series I Shares (Inception Date 5/1/2001) | ||||||||||||||||||||||||||||
10.955003 | 274,749.744 | 11.245254 | 904.173 | 11.442574 | 0.000 | 12/31/09 | ||||||||||||||||||||||
8.702188 | 313,750.756 | 8.905665 | 1,193.409 | 9.043659 | 0.000 | 12/31/08 | ||||||||||||||||||||||
12.365170 | 335,033.531 | 12.615701 | 1,151.691 | 12.785234 | 0.000 | 12/31/07 | ||||||||||||||||||||||
11.212446 | 367,788.244 | 11.404707 | 1,104.143 | 11.534535 | 0.000 | 12/31/06 | ||||||||||||||||||||||
10.805644 | 405,402.095 | 10.957652 | 948.050 | 11.060091 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.132965 | 382,011.757 | 10.244403 | 727.654 | 10.319384 | 0.000 | 12/31/04 | ||||||||||||||||||||||
9.553444 | 311,542.224 | 9.629350 | 552.891 | 9.680353 | 1,325.870 | 12/31/03 | ||||||||||||||||||||||
7.580976 | 210,450.701 | 7.618614 | 203.656 | 7.643844 | 1,160.526 | 12/31/02 | ||||||||||||||||||||||
10.175290 | 59,824.959 | 10.195475 | 0.000 | 10.208982 | 0.000 | 12/31/01 | ||||||||||||||||||||||
Invesco V.I. High Yield Fund -Series I Shares (Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
13.096510 | 205,734.182 | 13.324556 | 212,978 | 13.478143 | 0.000 | 12/31/09 | ||||||||||||||||||||||
8.693381 | 215,192.913 | 8.817948 | 199.476 | 8.901628 | 0.000 | 12/31/08 | ||||||||||||||||||||||
11.866015 | 246,721.437 | 11.999364 | 304.725 | 12.088721 | 0.000 | 12/31/07 | ||||||||||||||||||||||
11.887590 | 336,558.419 | 11.984482 | 257.915 | 12.049249 | 0.000 | 12/31/06 | ||||||||||||||||||||||
10.886907 | 350,885.548 | 10.942429 | 230.396 | 10.979447 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.749148 | 449,939.142 | 10.771273 | 214.851 | 10.785980 | 0.000 | 12/31/04 | ||||||||||||||||||||||
10.095432 | 859,221.923 | 10.290759 | 188.060 | 9.127994 | 755.565 | 12/31/03 | ||||||||||||||||||||||
8.186958 | 488,086.809 | 8.320679 | 169.835 | 7.365950 | 653.397 | 12/31/02 | ||||||||||||||||||||||
8.410616 | 546,183.962 | 8.522682 | 149.057 | 7.529874 | 2,221.642 | 12/31/01 | ||||||||||||||||||||||
10.025816 | 403,918.794 | | | | | 12/31/00 | ||||||||||||||||||||||
Invesco V.I. Small Cap Equity Fund -Series I Shares (Inception Date 12/1/2004) | ||||||||||||||||||||||||||||
10.560052 | 233,790.333 | 10.724769 | 2,147.285 | 10.835495 | 0.000 | 12/31/09 | ||||||||||||||||||||||
8.830277 | 221,619.162 | 8.940764 | 2,135.677 | 9.014858 | 0.000 | 12/31/08 | ||||||||||||||||||||||
13.038707 | 199,548.559 | 13.161563 | 2,251.030 | 13.243751 | 0.000 | 12/31/07 | ||||||||||||||||||||||
12.572746 | 59,594.167 | 12.652463 | 552.133 | 12.705655 | 0.000 | 12/31/06 | ||||||||||||||||||||||
10.857407 | 15,527.249 | 10.893167 | 559.580 | 10.916974 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.184771 | 48.134 | 10.187404 | 0.000 | 10.189150 | 0.000 | 12/31/04 | ||||||||||||||||||||||
Invesco Van Kampen V.I. U.S. Mid Cap Value Portfolio-Class I (Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
19.564836 | 405,313.835 | 20.310531 | 2,290.539 | 16.933514 | 0.000 | 12/31/09 | ||||||||||||||||||||||
14.254077 | 429,690.091 | 14.752454 | 5,446.869 | 12.274779 | 0.000 | 12/31/08 | ||||||||||||||||||||||
24.624489 | 546,047.920 | 25.407617 | 5,239.508 | 21.097538 | 0.000 | 12/31/07 | ||||||||||||||||||||||
23.159385 | 581,474.070 | 23.822985 | 6,217.919 | 19.741624 | 0.000 | 12/31/06 | ||||||||||||||||||||||
19.459486 | 530,733.841 | 19.956509 | 5,226.294 | 16.504310 | 0.000 | 12/31/05 | ||||||||||||||||||||||
17.572071 | 467,487.388 | 17.966354 | 4,302.132 | 14.828568 | 0.000 | 12/31/04 | ||||||||||||||||||||||
15.551851 | 417,352.873 | 15.852805 | 3,927.983 | 13.057884 | 3,535.862 | 12/31/03 | ||||||||||||||||||||||
11.143745 | 383,714.571 | 11.325832 | 3,089.661 | 9.310623 | 2,938.407 | 12/31/02 | ||||||||||||||||||||||
15.699340 | 335,452.774 | 15.908551 | 1,648.470 | 13.052029 | 2,465.356 | 12/31/01 | ||||||||||||||||||||||
16.438193 | 253,713.630 | | | | | 12/31/00 |
46
Number of | ||||||||||||||||||||||||||||
Group | ||||||||||||||||||||||||||||
Number of Group | Group | Contract | ||||||||||||||||||||||||||
Group Contract | Contract (1.10% | Contract | (0.90% Total | |||||||||||||||||||||||||
Number of | (1.10% Total | Total Separate | (0.90% Total | Separate | ||||||||||||||||||||||||
Individual | Separate | Account | Separate | Account | ||||||||||||||||||||||||
Individual | Contract | Account | Expenses) | Account | Expenses) | |||||||||||||||||||||||
Contract | Accumulation | Expenses) | Accumulation | Expenses) | Accumulation | |||||||||||||||||||||||
Accumulation | Units | Accumulation | Units | Accumulation | Units | |||||||||||||||||||||||
Unit Value | Outstanding | Unit Value | Outstanding | Unit Value | Outstanding | Year | ||||||||||||||||||||||
InvescoVan Kampen V.I. Value Portfolio-Class I (Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
12.969058 | 549,162.263 | 13.462273 | 5,555.538 | 12.978157 | 0.000 | 12/31/09 | ||||||||||||||||||||||
10.040068 | 596,256.187 | 10.391062 | 6,775.137 | 9.997190 | 0.000 | 12/31/08 | ||||||||||||||||||||||
15.875263 | 789,939.565 | 16.380071 | 3,986.655 | 15.727231 | 0.000 | 12/31/07 | ||||||||||||||||||||||
16.611311 | 850,561.888 | 17.087197 | 6,292.311 | 16.372900 | 0.000 | 12/31/06 | ||||||||||||||||||||||
14.412225 | 863,389.460 | 14.780240 | 6,598.174 | 14.133911 | 0.000 | 12/31/05 | ||||||||||||||||||||||
13.978413 | 807,191.172 | 14.291958 | 5,717.704 | 13.639509 | 0.000 | 12/31/04 | ||||||||||||||||||||||
12.030718 | 620,028.974 | 12.263462 | 5,123.338 | 11.680115 | 5,265.487 | 12/31/03 | ||||||||||||||||||||||
9.098209 | 526,832.864 | 9.246820 | 3,689.937 | 8.789584 | 5,091.530 | 12/31/02 | ||||||||||||||||||||||
11.851536 | 401,628.667 | 12.009406 | 2,274.954 | 11.392961 | 3,995.102 | 12/31/01 | ||||||||||||||||||||||
11.751659 | 132,621.948 | | | | | 12/31/00 | ||||||||||||||||||||||
Janus Aspen Balanced Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
23.041572 | 1,889,388.689 | 23.919450 | 8,415.042 | 19.070596 | 0.000 | 12/31/09 | ||||||||||||||||||||||
18.563244 | 2,106,521.139 | 19.212030 | 10,499.537 | 15.286575 | 0.000 | 12/31/08 | ||||||||||||||||||||||
22.371024 | 2,407,948.228 | 23.082360 | 9,247.980 | 18.328937 | 0.000 | 12/31/07 | ||||||||||||||||||||||
20.527683 | 2,849,443.225 | 21.115777 | 10,256.899 | 16.733348 | 0.000 | 12/31/06 | ||||||||||||||||||||||
18.802986 | 3,224,954.488 | 19.283124 | 11,389.809 | 15.250326 | 0.000 | 12/31/05 | ||||||||||||||||||||||
17.664922 | 3,596,278.746 | 18.061165 | 13,350.072 | 14.255222 | 0.000 | 12/31/04 | ||||||||||||||||||||||
16.507560 | 3,685,075.400 | 16.826897 | 19,069.761 | 13.254381 | 55,839.756 | 12/31/03 | ||||||||||||||||||||||
14.676594 | 3,702,620.254 | 14.916257 | 13,120.266 | 11.726184 | 53,841.269 | 12/31/02 | ||||||||||||||||||||||
15.907374 | 3,578,735.833 | 16.119263 | 9,654.166 | 12.646851 | 49,552.895 | 12/31/01 | ||||||||||||||||||||||
16.920712 | 3,181,464.624 | | | | | 12/31/00 | ||||||||||||||||||||||
Janus Aspen Enterprise Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
16.896627 | 773,505.725 | 17.540879 | 10,917.383 | 14.000626 | 0.000 | 12/31/09 | ||||||||||||||||||||||
11.832549 | 844,041.239 | 12.246416 | 11,363.637 | 9.755020 | 0.000 | 12/31/08 | ||||||||||||||||||||||
21.325158 | 959,193.271 | 22.003604 | 11,623.480 | 17.491664 | 0.000 | 12/31/07 | ||||||||||||||||||||||
17.723408 | 1,111,731.741 | 18.231471 | 15,635.292 | 14.463654 | 0.000 | 12/31/06 | ||||||||||||||||||||||
15.820887 | 1,192,692.579 | 16.225130 | 18,154.900 | 12.846067 | 0.000 | 12/31/05 | ||||||||||||||||||||||
14.286652 | 1,246,239.904 | 14.607357 | 18,555.090 | 11.541971 | 0.000 | 12/31/04 | ||||||||||||||||||||||
11.999290 | 1,291,553.100 | 12.231626 | 21,025.289 | 9.645385 | 9,670.762 | 12/31/03 | ||||||||||||||||||||||
9.005921 | 1,290,667.557 | 9.153163 | 14,073.466 | 7.203589 | 7,684.759 | 12/31/02 | ||||||||||||||||||||||
12.672131 | 1,215,838.484 | 12.841113 | 8,626.211 | 10.086016 | 5,676.145 | 12/31/01 | ||||||||||||||||||||||
21.224171 | 993,843.327 | | | | | 12/31/00 | ||||||||||||||||||||||
Janus Aspen Forty Portfolio-Institutional Shares (Inception Date 5/1/1999) | ||||||||||||||||||||||||||||
12.237077 | 1,142,119.314 | 12.635964 | 7,534.795 | 12.908012 | 0.000 | 12/31/09 | ||||||||||||||||||||||
8.481186 | 1,176,081.761 | 8.731075 | 6,784.900 | 8.901070 | 0.000 | 12/31/08 | ||||||||||||||||||||||
15.402418 | 1,180,450.358 | 15.807816 | 6,304.616 | 16.082905 | 0.000 | 12/31/07 | ||||||||||||||||||||||
11.403714 | 1,272,789.383 | 11.668168 | 6,914.755 | 11.847172 | 0.000 | 12/31/06 | ||||||||||||||||||||||
10.576925 | 1,421,322.533 | 10.789432 | 8,924.998 | 10.932929 | 0.000 | 12/31/05 | ||||||||||||||||||||||
9.505422 | 1,369,066.381 | 9.667060 | 9,080.188 | 9.775955 | 0.000 | 12/31/04 | ||||||||||||||||||||||
8.153727 | 1,483,721.928 | 8.267358 | 11,535.264 | 8.343697 | 15,170.725 | 12/31/03 | ||||||||||||||||||||||
6.859260 | 1,548,077.357 | 6.934292 | 7,637.061 | 6.984492 | 12,880.523 | 12/31/02 | ||||||||||||||||||||||
8.247987 | 1,650,016.481 | 8.313484 | 4,570.921 | 8.357094 | 14,587.924 | 12/31/01 | ||||||||||||||||||||||
10.678675 | 1,384,637.536 | | | | | 12/31/00 |
47
Number of | ||||||||||||||||||||||||||||
Group | ||||||||||||||||||||||||||||
Number of Group | Group | Contract | ||||||||||||||||||||||||||
Group Contract | Contract (1.10% | Contract | (0.90% Total | |||||||||||||||||||||||||
Number of | (1.10% Total | Total Separate | (0.90% Total | Separate | ||||||||||||||||||||||||
Individual | Separate | Account | Separate | Account | ||||||||||||||||||||||||
Individual | Contract | Account | Expenses) | Account | Expenses) | |||||||||||||||||||||||
Contract | Accumulation | Expenses) | Accumulation | Expenses) | Accumulation | |||||||||||||||||||||||
Accumulation | Units | Accumulation | Units | Accumulation | Units | |||||||||||||||||||||||
Unit Value | Outstanding | Unit Value | Outstanding | Unit Value | Outstanding | Year | ||||||||||||||||||||||
Janus Aspen Janus Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
12.088320 | 1,152693.064 | 12.549112 | 6,194.177 | 10.214771 | 0.000 | 12/31/09 | ||||||||||||||||||||||
8.991468 | 1,287,933.053 | 9.305880 | 7,518.771 | 7.559562 | 0.000 | 12/31/08 | ||||||||||||||||||||||
15.128819 | 1,451,223.867 | 15.610044 | 7,515.669 | 12.654990 | 0.000 | 12/31/07 | ||||||||||||||||||||||
13.332590 | 1,661,699.848 | 13.714717 | 8,850.842 | 11.095916 | 0.000 | 12/31/06 | ||||||||||||||||||||||
12.140136 | 1,816,341.463 | 12.450279 | 12,118.207 | 10.052654 | 0.000 | 12/31/05 | ||||||||||||||||||||||
11.805932 | 1,963,661.008 | 12.070890 | 12,071.718 | 9.726734 | 0.000 | 12/31/04 | ||||||||||||||||||||||
11.455733 | 2,117,639.460 | 11.677475 | 17,617.840 | 9.390815 | 6,765.629 | 12/31/03 | ||||||||||||||||||||||
8.817912 | 2,338,003.425 | 8.962034 | 12,164.934 | 7.192879 | 5,335.350 | 12/31/02 | ||||||||||||||||||||||
12.166993 | 2,211,504.181 | 12.329165 | 7,211.443 | 9.875724 | 4,241.678 | 12/31/01 | ||||||||||||||||||||||
16.393493 | 1,792,958.592 | | | | | 12/31/00 | ||||||||||||||||||||||
Janus Aspen Overseas Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
29.081634 | 983,173.085 | 30.189779 | 10,697.900 | 24.742872 | 0.000 | 12/31/09 | ||||||||||||||||||||||
16.426264 | 1,076,456.667 | 17.000439 | 11,248.267 | 13.905104 | 0.000 | 12/31/08 | ||||||||||||||||||||||
34.791646 | 1,193,428.967 | 35.897704 | 8,914.364 | 29.302067 | 0.000 | 12/31/07 | ||||||||||||||||||||||
27.500771 | 1,183,279.918 | 28.288499 | 12,357.534 | 23.044141 | 0.000 | 12/31/06 | ||||||||||||||||||||||
18.969977 | 966,575.134 | 19.454325 | 10,632.810 | 15.815871 | 0.000 | 12/31/05 | ||||||||||||||||||||||
14.542258 | 681,071.772 | 14.868462 | 11,182.362 | 12.063394 | 0.000 | 12/31/04 | ||||||||||||||||||||||
12.398800 | 669,789.197 | 12.638673 | 15,388.121 | 10.233679 | 1,862.207 | 12/31/03 | ||||||||||||||||||||||
9.318679 | 678,787.112 | 9.470891 | 11,468.866 | 7.653548 | 1,312.902 | 12/31/02 | ||||||||||||||||||||||
12.698027 | 675,126.139 | 12.867174 | 7,907.782 | 10.377532 | 901.701 | 12/31/01 | ||||||||||||||||||||||
16.774550 | 620,740.857 | | | | | 12/31/00 | ||||||||||||||||||||||
Morgan Stanley UIF Core Plus Fixed Income Portfolio-Class I (Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
14.924840 | 558,865.908 | 15.493462 | 4,606.681 | 14.718576 | 0.000 | 12/31/09 | ||||||||||||||||||||||
13.805232 | 633,167.502 | 14.287712 | 4,309.288 | 13.545767 | 0.000 | 12/31/08 | ||||||||||||||||||||||
15.593051 | 790,109.961 | 16.088872 | 3,609.600 | 15.222548 | 0.000 | 12/31/07 | ||||||||||||||||||||||
14.997858 | 934,853.788 | 15.427535 | 4,516.328 | 14.567237 | 0.000 | 12/31/06 | ||||||||||||||||||||||
14.663212 | 1,031,163.550 | 15.037636 | 4,510.157 | 14.170531 | 0.000 | 12/31/05 | ||||||||||||||||||||||
14.269584 | 1,040,814.398 | 14.589653 | 5,455.212 | 13.720741 | 0.000 | 12/31/04 | ||||||||||||||||||||||
13.866152 | 1,111,500.860 | 14.134373 | 5,899.268 | 13.265872 | 1,753.649 | 12/31/03 | ||||||||||||||||||||||
13.437077 | 1,065,387.210 | 13.656469 | 3,834.895 | 12.791995 | 0.000 | 12/31/02 | ||||||||||||||||||||||
12.694998 | 713,042.852 | 12.864100 | 1,978.853 | 12.025963 | 0.000 | 12/31/01 | ||||||||||||||||||||||
11.776122 | 380,480.921 | | | | | 12/31/00 | ||||||||||||||||||||||
Morgan Stanley UIF Mid Cap Growth Portfolio-Class I (Inception Date 5/1/2007) | ||||||||||||||||||||||||||||
9.178449 | 89,948.195 | 9.253450 | 438.289 | 9.303582 | 0.000 | 12/31/09 | ||||||||||||||||||||||
5.904344 | 47,092.588 | 5.934535 | 363.377 | 5.954656 | 0.000 | 12/31/08 | ||||||||||||||||||||||
11.249638 | 24,266.882 | 11.272627 | 46.682 | 11.287901 | 0.000 | 12/31/07 |
48
Number of | ||||||||||||||||||||||||||||
Group | ||||||||||||||||||||||||||||
Number of Group | Group | Contract | ||||||||||||||||||||||||||
Group Contract | Contract (1.10% | Contract | (0.90% Total | |||||||||||||||||||||||||
Number of | (1.10% Total | Total Separate | (0.90% Total | Separate | ||||||||||||||||||||||||
Individual | Separate | Account | Separate | Account | ||||||||||||||||||||||||
Individual | Contract | Account | Expenses) | Account | Expenses) | |||||||||||||||||||||||
Contract | Accumulation | Expenses) | Accumulation | Expenses) | Accumulation | |||||||||||||||||||||||
Accumulation | Units | Accumulation | Units | Accumulation | Units | |||||||||||||||||||||||
Unit Value | Outstanding | Unit Value | Outstanding | Unit Value | Outstanding | Year | ||||||||||||||||||||||
Morgan Stanley UIF U.S. Real Estate Portfolio-Class I (Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
23.259087 | 317,774.229 | 24.145689 | 3,177.397 | 23.304908 | 0.000 | 12/31/09 | ||||||||||||||||||||||
18.378595 | 350,079.782 | 19.021158 | 5,062.382 | 18.321747 | 0.000 | 12/31/08 | ||||||||||||||||||||||
30.015533 | 439,009.316 | 30.969853 | 4,628.248 | 29.770452 | 0.000 | 12/31/07 | ||||||||||||||||||||||
36.711245 | 617,880.841 | 37.762738 | 6,918.700 | 36.226614 | 0.000 | 12/31/06 | ||||||||||||||||||||||
26.969864 | 638,271.701 | 27.658464 | 6,314.368 | 26.480086 | 0.000 | 12/31/05 | ||||||||||||||||||||||
23.367170 | 618,052.255 | 23.891270 | 4,374.554 | 22.827424 | 0.000 | 12/31/04 | ||||||||||||||||||||||
17.374679 | 549,927.036 | 17.710793 | 5,725.997 | 16.888195 | 396.422 | 12/31/03 | ||||||||||||||||||||||
12.811814 | 469,712.672 | 13.021061 | 3,710.088 | 12.391776 | 378.990 | 12/31/02 | ||||||||||||||||||||||
13.094325 | 269,466.499 | 13.268793 | 1,955.110 | 12.602570 | 0.000 | 12/31/01 | ||||||||||||||||||||||
12.088940 | 147,402.642 | | | | | 12/31/00 | ||||||||||||||||||||||
Oppenheimer Balanced Fund/VA-Non-Service Series (Inception Date 12/1/2004) | ||||||||||||||||||||||||||||
7.913698 | 172,651.262 | 8.037124 | 200.415 | 8.120120 | 0.000 | 12/31/09 | ||||||||||||||||||||||
6.584545 | 185,839.541 | 6.666936 | 2,649.655 | 6.722201 | 0.000 | 12/31/08 | ||||||||||||||||||||||
11.814395 | 264,436.247 | 11.925723 | 3,049.914 | 12.000204 | 0.000 | 12/31/07 | ||||||||||||||||||||||
11.545935 | 284,653.565 | 11.619151 | 2,173.335 | 11.668021 | 0.000 | 12/31/06 | ||||||||||||||||||||||
10.535194 | 293,699.326 | 10.569900 | 1,006.485 | 10.593011 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.284433 | 3,001.731 | 10.287083 | 0.000 | 10.288847 | 0.000 | 12/31/04 | ||||||||||||||||||||||
Oppenheimer Capital Appreciation Fund/VA-Non-Service Series (Inception Date 12/1/2004) | ||||||||||||||||||||||||||||
9.803405 | 256,120.266 | 9.956301 | 451.380 | 10.059128 | 0.000 | 12/31/09 | ||||||||||||||||||||||
6.879768 | 231,588.838 | 6.965871 | 1,178.186 | 7.023626 | 0.000 | 12/31/08 | ||||||||||||||||||||||
12.807951 | 209,919.379 | 12.928631 | 1,621.643 | 13.009370 | 0.000 | 12/31/07 | ||||||||||||||||||||||
11.380578 | 206,005.347 | 11.452745 | 1,085.611 | 11.500898 | 0.000 | 12/31/06 | ||||||||||||||||||||||
10.691883 | 85,720.169 | 10.727101 | 453.514 | 10.750537 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.317159 | 581.341 | 10.319818 | 0.000 | 10.321584 | 0.000 | 12/31/04 | ||||||||||||||||||||||
Oppenheimer Main Street Fund®/VA-Non-Service Series (Inception Date 12/1/2004) | ||||||||||||||||||||||||||||
9.691422 | 190,755.847 | 9.842547 | 5,501.973 | 9.944190 | 0.000 | 12/31/09 | ||||||||||||||||||||||
7.661801 | 169,948.768 | 7.757647 | 5,434.999 | 7.821946 | 0.000 | 12/31/08 | ||||||||||||||||||||||
12.629722 | 217,168.911 | 12.748689 | 2,639.277 | 12.828298 | 0.000 | 12/31/07 | ||||||||||||||||||||||
12.267378 | 188,104.597 | 12.345144 | 2,240.578 | 12.397044 | 0.000 | 12/31/06 | ||||||||||||||||||||||
10.816022 | 161,384.797 | 10.851650 | 1,136.259 | 10.875367 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.350617 | 13,062.128 | 10.353285 | 0.000 | 10.355055 | 0.000 | 12/31/04 | ||||||||||||||||||||||
PIMCO VIT Real Return Portfolio-Administrative Class (Inception Date 12/1/2004) | ||||||||||||||||||||||||||||
11.852373 | 424,389.110 | 12.037094 | 1,462.297 | 12.161328 | 0.000 | 12/31/09 | ||||||||||||||||||||||
10.153005 | 379,477.577 | 10.279969 | 2,772.903 | 10.365146 | 0.000 | 12/31/08 | ||||||||||||||||||||||
11.079101 | 207,278.006 | 11.183495 | 2,829.432 | 11.253355 | 0.000 | 12/31/07 | ||||||||||||||||||||||
10.154210 | 212,006.902 | 10.218623 | 4,352.416 | 10.261614 | 0.000 | 12/31/06 | ||||||||||||||||||||||
10.224854 | 240,401.144 | 10.258560 | 2,314.795 | 10.280983 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.156423 | 10,066.473 | 10.159043 | 0.000 | 10.160781 | 0.000 | 12/31/04 | ||||||||||||||||||||||
PIMCO VIT Total Return Portfolio-Administrative Class (Inception Date 12/1/2004) | ||||||||||||||||||||||||||||
12.982892 | 470,047.023 | 13.185247 | 7,727.755 | 13.321331 | 0.000 | 12/31/09 | ||||||||||||||||||||||
11.542860 | 423,985.467 | 11.687201 | 5,599.654 | 11.784016 | 0.000 | 12/31/08 | ||||||||||||||||||||||
11.170817 | 238,092.027 | 11.276074 | 2,086.449 | 11.346509 | 0.000 | 12/31/07 | ||||||||||||||||||||||
10.417487 | 207,153.358 | 10.483551 | 1,880.102 | 10.527660 | 0.000 | 12/31/06 | ||||||||||||||||||||||
10.173284 | 199,476.486 | 10.206803 | 453.274 | 10.229129 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.070332 | 627.100 | 10.072934 | 0.000 | 10.074659 | 0.000 | 12/31/04 |
49
Number of | ||||||||||||||||||||||||||||
Group | ||||||||||||||||||||||||||||
Number of Group | Group | Contract | ||||||||||||||||||||||||||
Group Contract | Contract (1.10% | Contract | (0.90% Total | |||||||||||||||||||||||||
Number of | (1.10% Total | Total Separate | (0.90% Total | Separate | ||||||||||||||||||||||||
Individual | Separate | Account | Separate | Account | ||||||||||||||||||||||||
Individual | Contract | Account | Expenses) | Account | Expenses) | |||||||||||||||||||||||
Contract | Accumulation | Expenses) | Accumulation | Expenses) | Accumulation | |||||||||||||||||||||||
Accumulation | Units | Accumulation | Units | Accumulation | Units | |||||||||||||||||||||||
Unit Value | Outstanding | Unit Value | Outstanding | Unit Value | Outstanding | Year | ||||||||||||||||||||||
Templeton Foreign Securities Fund-Class 2 (Inception Date 5/1/2007) | ||||||||||||||||||||||||||||
8.486115 | 104,462.210 | 8.555439 | 4,496.982 | 8.601793 | 0.000 | 12/31/09 | ||||||||||||||||||||||
6.280197 | 71,522.023 | 6.312285 | 2,735.993 | 6.333687 | 0.000 | 12/31/08 | ||||||||||||||||||||||
10.683643 | 40,534.202 | 10.705462 | 798.561 | 10.719983 | 0.000 | 12/31/07 | ||||||||||||||||||||||
Wilshire 2015 Moderate Fund (Inception Date 5/1/2007) | ||||||||||||||||||||||||||||
8.853895 | 71,047.736 | 8.926219 | 789.876 | 8.974543 | 0.000 | 12/31/09 | ||||||||||||||||||||||
7.460428 | 46,470.538 | 7.498538 | 4,307.481 | 7.523944 | 0.000 | 12/31/08 | ||||||||||||||||||||||
10.007599 | 17,496.921 | 10.028056 | 1,962.408 | 10.041657 | 0.000 | 12/31/07 | ||||||||||||||||||||||
Wilshire 2025 Moderate Fund (Inception Date 5/1/2007) | ||||||||||||||||||||||||||||
8.378892 | 23,545.507 | 8.447325 | 352.060 | 8.493070 | 0.000 | 12/31/09 | ||||||||||||||||||||||
7.054421 | 10,980.789 | 7.090459 | 16,457.335 | 7.114485 | 0.000 | 12/31/08 | ||||||||||||||||||||||
9.970642 | 8,817.01 | 9.991008 | 6,305.373 | 10.004555 | 0.000 | 12/31/07 | ||||||||||||||||||||||
Wilshire 2035 Moderate Fund (Inception Date 5/1/2007) | ||||||||||||||||||||||||||||
7.790364 | 27,324.342 | 7.854013 | 1,674.880 | 7.896532 | 0.000 | 12/31/09 | ||||||||||||||||||||||
6.535932 | 20,882.706 | 6.569332 | 15,141.054 | 6.591588 | 0.000 | 12/31/08 | ||||||||||||||||||||||
9.921001 | 3,691.070 | 9.941273 | 4,746.712 | 9.954751 | 0.000 | 12/31/07 |
50
Number of Group | Number of Group | |||||||||||||||||||
Group Contracts with | Contracts with | Group Contracts with | Contracts with | |||||||||||||||||
Administration charges | Administration charges | Administration charges | Administration charges | |||||||||||||||||
waived (0.95% Total | waived (0.95% Total | waived (0.75% Total | waived (0.75% Total | |||||||||||||||||
Separate Account | Separate Account | Separate Account | Separate Account | |||||||||||||||||
Expenses) | Expenses) | Expenses) | Expenses) | |||||||||||||||||
Accumulation Unit | Accumulation Units | Accumulation Unit | Accumulation Units | |||||||||||||||||
Value | Outstanding | Value | Outstanding | Year | ||||||||||||||||
American Century VP Large Company Value Fund-Class I Shares (Inception Date 12/1/2004) | ||||||||||||||||||||
9.110166 | 276.061 | 9.204074 | 0.000 | 12/31/09 | ||||||||||||||||
7.661835 | 212.809 | 7.725233 | 701.696 | 12/31/08 | ||||||||||||||||
12.334045 | 161.673 | 12.410921 | 679.354 | 12/31/07 | ||||||||||||||||
12.613437 | 125.863 | 12.666366 | 582.549 | 12/31/06 | ||||||||||||||||
10.613037 | 0.000 | 10.636196 | 0.000 | 12/31/05 | ||||||||||||||||
10.220496 | 0.000 | 10.222238 | 0.000 | 12/31/04 | ||||||||||||||||
American Century VP Mid Cap Value Fund-Class I Shares (Inception Date 12/1/2004) | ||||||||||||||||||||
12.549202 | 0.000 | 12.678538 | 0.000 | 12/31/09 | ||||||||||||||||
9.749980 | 0.000 | 9.830643 | 5,700.671 | 12/31/08 | ||||||||||||||||
13.012035 | 0.000 | 13.093148 | 5,045.823 | 12/31/07 | ||||||||||||||||
13.447669 | 0.000 | 13.504095 | 4,798.742 | 12/31/06 | ||||||||||||||||
11.285315 | 0.000 | 11.309936 | 23.011 | 12/31/05 | ||||||||||||||||
10.399486 | 0.000 | 10.401262 | 0.000 | 12/31/04 | ||||||||||||||||
American Century VP Ultra® Fund-Class I Shares (Inception Date 12/1/2004) | ||||||||||||||||||||
9.322807 | 399.260 | 9.418897 | 0.000 | 12/31/09 | ||||||||||||||||
6.999024 | 297.949 | 7.056941 | 1,917.709 | 12/31/08 | ||||||||||||||||
12.075286 | 130.840 | 12.150573 | 1,876.658 | 12/31/07 | ||||||||||||||||
10.074375 | 485.952 | 10.116676 | 1,630.132 | 12/31/06 | ||||||||||||||||
10.515180 | 411.819 | 10.538120 | 4.188 | 12/31/05 | ||||||||||||||||
10.390771 | 0.000 | 10.392546 | 0.000 | 12/31/04 | ||||||||||||||||
American Century VP VistaSM Fund-Class I Shares (Inception Date 12/1/2004) | ||||||||||||||||||||
10.281743 | 231.050 | 10.387738 | 0.000 | 12/31/09 | ||||||||||||||||
8.475842 | 201.267 | 8.545985 | 13,738.973 | 12/31/08 | ||||||||||||||||
16.656480 | 192.517 | 16.760292 | 12,565.904 | 12/31/07 | ||||||||||||||||
12.031706 | 181.135 | 12.082229 | 6,879.128 | 12/31/06 | ||||||||||||||||
11.143119 | 21.514 | 11.167429 | 8.772 | 12/31/05 | ||||||||||||||||
10.403392 | 21.514 | 10.405171 | 0.000 | 12/31/04 | ||||||||||||||||
Calamos Growth and Income Portfolio (Inception Date 5/1/2007) | ||||||||||||||||||||
9.751667 | 0.000 | 9.804401 | 0.000 | 12/31/09 | ||||||||||||||||
7.061494 | 0.000 | 7.085385 | 598.528 | 12/31/08 | ||||||||||||||||
10.443994 | 0.000 | 10.458123 | 0.000 | 12/31/07 | ||||||||||||||||
Davis Value Portfolio (Inception Date 5/1/207) | ||||||||||||||||||||
7.652717 | 1,955.888 | 7.694089 | 0.000 | 12/31/09 | ||||||||||||||||
5.890766 | 1,230.299 | 5.910695 | 1,612.196 | 12/31/08 | ||||||||||||||||
9.966295 | 0.000 | 9.979785 | 0.000 | 12/31/07 | ||||||||||||||||
Dreyfus IP MidCap Stock Portfolio-Service Shares (Inception Date 5/1/2007) | ||||||||||||||||||||
7.374033 | 0.000 | 7.413912 | 0.000 | 12/31/09 | ||||||||||||||||
5.501304 | 0.000 | 5.519921 | 0.000 | 12/31/08 | ||||||||||||||||
9.326448 | 0.000 | 9.339073 | 0.000 | 12/31/07 | ||||||||||||||||
Dreyfus IP Technology Growth Portfolio-Initial Shares (Inception Date 12/1/2004) | ||||||||||||||||||||
11.150653 | 818.657 | 11.265584 | 0.000 | 12/31/09 | ||||||||||||||||
7.139993 | 786.393 | 7.199074 | 2,486.816 | 12/31/08 | ||||||||||||||||
12.256148 | 568.074 | 12.332559 | 2,613.785 | 12/31/07 | ||||||||||||||||
10.786066 | 493.194 | 10.831351 | 2,499.762 | 12/31/06 | ||||||||||||||||
10.439369 | 20.730 | 10.462156 | 2.095 | 12/31/05 | ||||||||||||||||
10.154947 | 20.730 | 10.156685 | 0.000 | 12/31/04 |
51
Number of Group | Number of Group | |||||||||||||||||||
Group Contracts with | Contracts with | Group Contracts with | Contracts with | |||||||||||||||||
Administration charges | Administration charges | Administration charges | Administration charges | |||||||||||||||||
waived (0.95% Total | waived (0.95% Total | waived (0.75% Total | waived (0.75% Total | |||||||||||||||||
Separate Account | Separate Account | Separate Account | Separate Account | |||||||||||||||||
Expenses) | Expenses) | Expenses) | Expenses) | |||||||||||||||||
Accumulation Unit | Accumulation Units | Accumulation Unit | Accumulation Units | |||||||||||||||||
Value | Outstanding | Value | Outstanding | Year | ||||||||||||||||
The Dreyfus Socially Responsible Growth Fund, Inc.-Initial Shares (Inception Date 7/15/1997) | ||||||||||||||||||||
10.880630 | 0.000 | 8.970781 | 0.000 | 12/31/09 | ||||||||||||||||
8.212751 | 0.000 | 6.757562 | 4,055.249 | 12/31/08 | ||||||||||||||||
12.644827 | 0.000 | 10.383292 | 3,703.507 | 12/31/07 | ||||||||||||||||
11.844662 | 0.000 | 9.706556 | 2,857.136 | 12/31/06 | ||||||||||||||||
10.950470 | 0.000 | 8.955771 | 1,847.923 | 12/31/05 | ||||||||||||||||
10.669460 | 0.000 | 8.708439 | 949.377 | 12/31/04 | ||||||||||||||||
10.141935 | 0.000 | 8.261258 | 968.674 | 12/31/03 | ||||||||||||||||
8.125307 | 0.000 | 6.605501 | 625.579 | 12/31/02 | ||||||||||||||||
11.544188 | 0.000 | 9.366268 | 0.000 | 12/31/01 | ||||||||||||||||
Dreyfus Stock Index Fund, Inc.-Initial Shares (Inception Date 7/15/1997) | ||||||||||||||||||||
12.862112 | 4,483.990 | 10.436006 | 0.000 | 12/31/09 | ||||||||||||||||
10.278672 | 3,454.321 | 8.323078 | 18,120.086 | 12/31/08 | ||||||||||||||||
16.509660 | 1,009.877 | 13.341516 | 18,424.198 | 12/31/07 | ||||||||||||||||
15.836519 | 532.986 | 12.771644 | 14,298.329 | 12/31/06 | ||||||||||||||||
13.842665 | 537.406 | 11.141253 | 12,717.488 | 12/31/05 | ||||||||||||||||
13.348780 | 680.516 | 10.722192 | 8,796.650 | 12/31/04 | ||||||||||||||||
12.180793 | 680.516 | 9.764386 | 7,635.158 | 12/31/03 | ||||||||||||||||
9.579380 | 3,171.095 | 7.663841 | 5,807.305 | 12/31/02 | ||||||||||||||||
12.455945 | 3,086.013 | 9.945431 | 0.000 | 12/31/01 | ||||||||||||||||
Dreyfus VIF Appreciation Portfolio-Initial Shares (Inception Date 7/15/1997) | ||||||||||||||||||||
14.082019 | 53.885 | 11.540874 | 0.000 | 12/31/09 | ||||||||||||||||
11.600224 | 30.664 | 9.487800 | 5,763.693 | 12/31/08 | ||||||||||||||||
16.624757 | 17.568 | 13.569868 | 6,332.276 | 12/31/07 | ||||||||||||||||
15.667624 | 0.000 | 12.762733 | 5,348.565 | 12/31/06 | ||||||||||||||||
13.579785 | 0.000 | 11.039795 | 3,200.889 | 12/31/05 | ||||||||||||||||
13.134636 | 150.958 | 10.656479 | 524.528 | 12/31/04 | ||||||||||||||||
12.623565 | 150.958 | 10.221281 | 637.550 | 12/31/03 | ||||||||||||||||
10.517029 | 150.958 | 8.498780 | 404.810 | 12/31/02 | ||||||||||||||||
12.747715 | 150.958 | 10.280968 | 0.000 | 12/31/01 | ||||||||||||||||
Dreyfus VIF Growth and Income Portfolio-Initial Shares (Inception Date 7/15/1997) | ||||||||||||||||||||
10.798137 | 4.044 | 9.999775 | 0.000 | 12/31/09 | ||||||||||||||||
8.465028 | 4.044 | 7.823392 | 6,935.623 | 12/31/08 | ||||||||||||||||
14.342553 | 4.044 | 13.228581 | 6,647.698 | 12/31/07 | ||||||||||||||||
13.353024 | 0.000 | 12.290990 | 6,284.037 | 12/31/06 | ||||||||||||||||
11.772215 | 0.000 | 10.814168 | 4,573.316 | 12/31/05 | ||||||||||||||||
11.499396 | 0.000 | 10.542352 | 2,110.774 | 12/31/04 | ||||||||||||||||
10.802876 | 0.000 | 9.883935 | 1,683.104 | 12/31/03 | ||||||||||||||||
8.616047 | 0.000 | 7.867534 | 1,380.154 | 12/31/02 | ||||||||||||||||
11.648352 | 0.000 | 10.615303 | 0.000 | 12/31/01 |
52
Number of Group | Number of Group | |||||||||||||||||||
Group Contracts with | Contracts with | Group Contracts with | Contracts with | |||||||||||||||||
Administration charges | Administration charges | Administration charges | Administration charges | |||||||||||||||||
waived (0.95% Total | waived (0.95% Total | waived (0.75% Total | waived (0.75% Total | |||||||||||||||||
Separate Account | Separate Account | Separate Account | Separate Account | |||||||||||||||||
Expenses) | Expenses) | Expenses) | Expenses) | |||||||||||||||||
Accumulation Unit | Accumulation Units | Accumulation Unit | Accumulation Units | |||||||||||||||||
Value | Outstanding | Value | Outstanding | Year | ||||||||||||||||
Dreyfus VIF Money Market Portfolio (Inception Date 7/15/1997) | ||||||||||||||||||||
1.272974 | 11,666.616 | 1.254056 | 0.000 | 12/31/09 | ||||||||||||||||
1.281179 | 3,284.131 | 1.260375 | 65,266.763 | 12/31/08 | ||||||||||||||||
1.265595 | 7.177 | 1.242900 | 105,591.754 | 12/31/07 | ||||||||||||||||
1.227578 | 0.000 | 1.202985 | 79,903.634 | 12/31/06 | ||||||||||||||||
1.192295 | 0.000 | 1.165821 | 74,816.781 | 12/31/05 | ||||||||||||||||
1.175604 | 0.000 | 1.147250 | 41,121.286 | 12/31/04 | ||||||||||||||||
1.177135 | 0.000 | 1.146810 | 30,543.174 | 12/31/03 | ||||||||||||||||
1.179709 | 0.000 | 1.147255 | 13,181.025 | 12/31/02 | ||||||||||||||||
1.174767 | 0.036 | 1.140245 | 0.000 | 12/31/01 | ||||||||||||||||
Dreyfus VIF Opportunistic Small Cap Portfolio -Initial Shares (Inception Date 7/15/1997) | ||||||||||||||||||||
10.673474 | 594.992 | 10.201279 | 0.000 | 12/31/09 | ||||||||||||||||
8.549692 | 644.201 | 8.155005 | 5,902.659 | 12/31/08 | ||||||||||||||||
13.831817 | 635.120 | 13.166567 | 4,504.824 | 12/31/07 | ||||||||||||||||
15.701713 | 516.548 | 14.916250 | 4,478.428 | 12/31/06 | ||||||||||||||||
15.276001 | 459.556 | 14.482701 | 4,245.206 | 12/31/05 | ||||||||||||||||
14.576616 | 548.248 | 13.791916 | 3,532.709 | 12/31/04 | ||||||||||||||||
13.217353 | 491.205 | 12.480727 | 2,861.914 | 12/31/03 | ||||||||||||||||
10.131883 | 471.199 | 9.548300 | 2,066.318 | 12/31/02 | ||||||||||||||||
12.646674 | 229.386 | 11.894597 | 0.000 | 12/31/01 | ||||||||||||||||
DWS Small Cap Index VIP Fund-Class A (Inception Date 5/1/1999) | ||||||||||||||||||||
14.248812 | 327.071 | 14.555630 | 0.000 | 12/31/09 | ||||||||||||||||
11.365292 | 232.865 | 11.586652 | 1,054.740 | 12/31/08 | ||||||||||||||||
17.418714 | 103.383 | 17.722014 | 1,126.528 | 12/31/07 | ||||||||||||||||
17.926929 | 73.897 | 18.202156 | 1,003.543 | 12/31/06 | ||||||||||||||||
15.404037 | 57.528 | 15.609142 | 832.924 | 12/31/05 | ||||||||||||||||
14.915983 | 36.274 | 15.084265 | 481.304 | 12/31/04 | ||||||||||||||||
12.788062 | 144.907 | 12.906395 | 370.115 | 12/31/03 | ||||||||||||||||
8.816430 | 4.364 | 8.880430 | 268.850 | 12/31/02 | ||||||||||||||||
11.207088 | 272.943 | 11.266052 | 0.000 | 12/31/01 | ||||||||||||||||
Ibbotson Balanced ETF Asset Allocation Portfolio-Class II (Inception Date 5/1/2007) | ||||||||||||||||||||
9.017101 | 1,018.156 | 9.065855 | 0.000 | 12/31/09 | ||||||||||||||||
7.616827 | 0.000 | 7.642594 | 447.796 | 12/31/08 | ||||||||||||||||
10.124902 | 0.000 | 10.138600 | 0.000 | 12/31/07 | ||||||||||||||||
Ibbotson Conservative ETF Asset Allocation Portfolio-Class II (Inception Date 5/1/2007) | ||||||||||||||||||||
10.344203 | 152.048 | 10.400078 | 0.000 | 12/31/09 | ||||||||||||||||
9.645794 | 0.000 | 9.678378 | 21.697 | 12/31/08 | ||||||||||||||||
10.363409 | 0.000 | 10.377428 | 0.000 | 12/31/07 | ||||||||||||||||
Ibbotson Growth ETF Asset Allocation Portfolio-Class II (Inception Date 5/1/2007) | ||||||||||||||||||||
8.383881 | 10,991.398 | 8.429220 | 0.000 | 12/31/09 | ||||||||||||||||
6.790527 | 4,389.235 | 6.813495 | 0.000 | 12/31/08 | ||||||||||||||||
10.025519 | 0.000 | 10.039091 | 0.000 | 12/31/07 | ||||||||||||||||
Ibbotson Income and Growth ETF Asset Allocation Portfolio-Class II (Inception Date 5/1/2007) | ||||||||||||||||||||
9.641793 | 14,836.552 | 9.693892 | 0.000 | 12/31/09 | ||||||||||||||||
8.591886 | 18.461 | 8.620923 | 0.000 | 12/31/08 | ||||||||||||||||
10.224263 | 0.000 | 10.238098 | 0.000 | 12/31/07 |
53
Number of Group | Number of Group | |||||||||||||||||||
Group Contracts with | Contracts with | Group Contracts with | Contracts with | |||||||||||||||||
Administration charges | Administration charges | Administration charges | Administration charges | |||||||||||||||||
waived (0.95% Total | waived (0.95% Total | waived (0.75% Total | waived (0.75% Total | |||||||||||||||||
Separate Account | Separate Account | Separate Account | Separate Account | |||||||||||||||||
Expenses) | Expenses) | Expenses) | Expenses) | |||||||||||||||||
Accumulation Unit | Accumulation Units | Accumulation Unit | Accumulation Units | |||||||||||||||||
Value | Outstanding | Value | Outstanding | Year | ||||||||||||||||
Invesco V.I. Capital Development Fund-Series I Shares (Inception Date 12/1/2004) | ||||||||||||||||||||
10.603442 | 2,860.529 | 10.712763 | 0.000 | 12/31/09 | ||||||||||||||||
7.519284 | 1,526.789 | 7.581515 | 18,140.974 | 12/31/08 | ||||||||||||||||
14.331134 | 89.361 | 14.420491 | 15,559.952 | 12/31/07 | ||||||||||||||||
13.053761 | 30.786 | 13.108573 | 13,889.446 | 12/31/06 | ||||||||||||||||
11.310210 | 0.000 | 11.334888 | 0.000 | 12/31/05 | ||||||||||||||||
10.417688 | 0.000 | 10.419472 | 0.000 | 12/31/04 | ||||||||||||||||
Invesco V.I. Core Equity Fund-Series I Shares (Inception Date 5/1/2006) | ||||||||||||||||||||
10.212277 | 120.484 | 10.288379 | 0.000 | 12/31/09 | ||||||||||||||||
8.036226 | 61.410 | 8.079812 | 245.999 | 12/31/08 | ||||||||||||||||
11.614400 | 15.286 | 11.653774 | 559.770 | 12/31/07 | ||||||||||||||||
10.846037 | 0.000 | 10.860776 | 481.069 | 12/31/06 | ||||||||||||||||
Invesco V.I. Financial Services Fund-Series I Shares (Inception Date 5/1/2001) | ||||||||||||||||||||
5.309402 | 340.535 | 5.402611 | 0.000 | 12/31/09 | ||||||||||||||||
4.206499 | 222.160 | 4.271711 | 825.928 | 12/31/08 | ||||||||||||||||
10.472081 | 148.794 | 10.612748 | 627.399 | 12/31/07 | ||||||||||||||||
13.592983 | 112.573 | 13.747660 | 2,974.384 | 12/31/06 | ||||||||||||||||
11.785233 | 75.651 | 11.895426 | 2,656.644 | 12/31/05 | ||||||||||||||||
11.234312 | 28.405 | 11.316604 | 296.508 | 12/31/04 | ||||||||||||||||
10.436461 | 0.000 | 10.491819 | 506.763 | 12/31/03 | ||||||||||||||||
8.130414 | 0.000 | 8.157371 | 331.521 | 12/31/02 | ||||||||||||||||
9.644875 | 0.000 | 9.657683 | 0.000 | 12/31/01 | ||||||||||||||||
Invesco V.I. Global Health Care Fund-Series I Shares (Inception Date 5/1/2001) | ||||||||||||||||||||
11.393028 | 920.626 | 11.592819 | 0.000 | 12/31/09 | ||||||||||||||||
9.009033 | 716.591 | 9.148575 | 10,120.141 | 12/31/08 | ||||||||||||||||
12.742728 | 452.451 | 12.913941 | 10,174.312 | 12/31/07 | ||||||||||||||||
11.502013 | 305.222 | 11.632963 | 9,669.402 | 12/31/06 | ||||||||||||||||
11.034447 | 202.797 | 11.137654 | 7,840.922 | 12/31/05 | ||||||||||||||||
10.300635 | 77.557 | 10.376110 | 3,984.789 | 12/31/04 | ||||||||||||||||
9.667612 | 179.965 | 9.718905 | 3,546.346 | 12/31/03 | ||||||||||||||||
7.637544 | 0.000 | 7.662880 | 2,641.906 | 12/31/02 | ||||||||||||||||
10.205610 | 61.085 | 10.219152 | 0.000 | 12/31/01 | ||||||||||||||||
Invesco V.I. High Yield Fund-Series I Shares (Inception Date 7/15/1997) | ||||||||||||||||||||
13.439612 | 368.140 | 13.594280 | 0.000 | 12/31/09 | ||||||||||||||||
8.880649 | 301.264 | 8.964798 | 167.430 | 12/31/08 | ||||||||||||||||
12.066339 | 232.319 | 12.156051 | 844.287 | 12/31/07 | ||||||||||||||||
12.033030 | 176.048 | 12.097966 | 896.818 | 12/31/06 | ||||||||||||||||
10.970185 | 115.761 | 11.007248 | 1,138.551 | 12/31/05 | ||||||||||||||||
10.782305 | 43.918 | 10.797012 | 774.713 | 12/31/04 | ||||||||||||||||
10.389982 | 0.001 | 9.202367 | 587.034 | 12/31/03 | ||||||||||||||||
8.388454 | 0.000 | 7.414915 | 367.999 | 12/31/02 | ||||||||||||||||
8.579354 | 0.000 | 7.568636 | 0.000 | 12/31/01 |
54
Number of Group | Number of Group | |||||||||||||||||||
Group Contracts with | Contracts with | Group Contracts with | Contracts with | |||||||||||||||||
Administration charges | Administration charges | Administration charges | Administration charges | |||||||||||||||||
waived (0.95% Total | waived (0.95% Total | waived (0.75% Total | waived (0.75% Total | |||||||||||||||||
Separate Account | Separate Account | Separate Account | Separate Account | |||||||||||||||||
Expenses) | Expenses) | Expenses) | Expenses) | |||||||||||||||||
Accumulation Unit | Accumulation Units | Accumulation Unit | Accumulation Units | |||||||||||||||||
Value | Outstanding | Value | Outstanding | Year | ||||||||||||||||
Invesco V.I. Small Cap Equity Fund-Series I Shares (Inception Date 12/1/2004) | ||||||||||||||||||||
10.807756 | 371.211 | 10.919176 | 0.000 | 12/31/09 | ||||||||||||||||
8.996308 | 250.577 | 9.070753 | 4,969.919 | 12/31/08 | ||||||||||||||||
13.223189 | 83.231 | 13.305633 | 4,703.400 | 12/31/07 | ||||||||||||||||
12.692358 | 0.000 | 12.745634 | 447.990 | 12/31/06 | ||||||||||||||||
10.911028 | 0.000 | 10.934828 | 0.000 | 12/31/05 | ||||||||||||||||
10.188714 | 0.000 | 10.190457 | 0.000 | 12/31/04 | ||||||||||||||||
Invesco Van Kampen V.I. U.S. Mid Cap Value Portfolio-Class I (Inception Date 7/15/1997) | ||||||||||||||||||||
20.693868 | 1,127.798 | 17.226911 | 0.000 | 12/31/09 | ||||||||||||||||
15.008140 | 726.316 | 12.468605 | 4,468.885 | 12/31/08 | ||||||||||||||||
25.808634 | 396.489 | 21.398137 | 3,948.681 | 12/31/07 | ||||||||||||||||
24.162157 | 0.000 | 19.992502 | 3,602.634 | 12/31/06 | ||||||||||||||||
20.210094 | 0.000 | 16.688897 | 2,736.473 | 12/31/05 | ||||||||||||||||
18.167210 | 0.000 | 14.971848 | 1,952.421 | 12/31/04 | ||||||||||||||||
16.005864 | 113.080 | 13.164187 | 1,518.257 | 12/31/03 | ||||||||||||||||
11.418226 | 28.150 | 9.372474 | 957.992 | 12/31/02 | ||||||||||||||||
16.014471 | 28.150 | 13.119130 | 0.000 | 12/31/01 | ||||||||||||||||
Invesco Van Kampen V.I. Value Portfolio-Class I (Inception Date 7/15/1997) | ||||||||||||||||||||
13.716224 | 1,625.303 | 13.203094 | 0.000 | 12/31/09 | ||||||||||||||||
10.571048 | 860.318 | 10.155118 | 5,652.214 | 12/31/08 | ||||||||||||||||
16.638432 | 279.735 | 15.951436 | 4,173.943 | 12/31/07 | ||||||||||||||||
17.330296 | 33.363 | 16.581099 | 2,425.539 | 12/31/06 | ||||||||||||||||
14.967892 | 33.363 | 14.292090 | 2,094.705 | 12/31/05 | ||||||||||||||||
14.451571 | 33.363 | 13.771392 | 1,612.617 | 12/31/04 | ||||||||||||||||
12.381730 | 33.363 | 11.775296 | 1,475.807 | 12/31/03 | ||||||||||||||||
9.322154 | 33.363 | 8.848037 | 949.630 | 12/31/02 | ||||||||||||||||
12.089242 | 124.533 | 11.451625 | 0.000 | 12/31/01 | ||||||||||||||||
Janus Aspen Balanced Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||||||||||
24.370407 | 289.077 | 19.401026 | 0.000 | 12/31/09 | ||||||||||||||||
19.544625 | 150.770 | 15.527985 | 6,319.822 | 12/31/08 | ||||||||||||||||
23.446278 | 130.164 | 18.590184 | 5,626.001 | 12/31/07 | ||||||||||||||||
21.416039 | 38.089 | 16.946087 | 6,565.836 | 12/31/06 | ||||||||||||||||
19.527811 | 39.724 | 15.420964 | 4,291.048 | 12/31/05 | ||||||||||||||||
18.262753 | 171.888 | 14.393020 | 2,476.146 | 12/31/04 | ||||||||||||||||
16.989064 | 171.888 | 13.362331 | 2,154.381 | 12/31/03 | ||||||||||||||||
15.037669 | 1,282.216 | 11.804093 | 1,579.653 | 12/31/02 | ||||||||||||||||
16.226337 | 1,282.216 | 12.711912 | 0.000 | 12/31/01 | ||||||||||||||||
Janus Aspen Enterprise Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||||||||||
17.871563 | 311.037 | 13.243244 | 0.000 | 12/31/09 | ||||||||||||||||
12.458395 | 244.854 | 9.909087 | 2,430.325 | 12/31/08 | ||||||||||||||||
22.350394 | 223.145 | 17.740916 | 2,835.597 | 12/31/07 | ||||||||||||||||
18.490639 | 198.823 | 14.647491 | 2,928.081 | 12/31/06 | ||||||||||||||||
16.430939 | 174.191 | 12.989749 | 2,276.876 | 12/31/05 | ||||||||||||||||
14.770332 | 251.906 | 11.653511 | 836.499 | 12/31/04 | ||||||||||||||||
12.349444 | 218.778 | 9.723925 | 612.357 | 12/31/03 | ||||||||||||||||
9.227625 | 856.311 | 7.251447 | 472.925 | 12/31/02 | ||||||||||||||||
12.926320 | 832.210 | 10.137880 | 0.000 | 12/31/01 |
55
Number of Group | Number of Group | |||||||||||||||||||
Group Contracts with | Contracts with | Group Contracts with | Contracts with | |||||||||||||||||
Administration charges | Administration charges | Administration charges | Administration charges | |||||||||||||||||
waived (0.95% Total | waived (0.95% Total | waived (0.75% Total | waived (0.75% Total | |||||||||||||||||
Separate Account | Separate Account | Separate Account | Separate Account | |||||||||||||||||
Expenses) | Expenses) | Expenses) | Expenses) | |||||||||||||||||
Accumulation Unit | Accumulation Units | Accumulation Unit | Accumulation Units | |||||||||||||||||
Value | Outstanding | Value | Outstanding | Year | ||||||||||||||||
Janus Aspen Forty Portfolio-Institutional Shares (Inception Date 5/1/1999) | ||||||||||||||||||||
12.840126 | 290.186 | 13.116501 | 0.000 | 12/31/09 | ||||||||||||||||
8.858714 | 264.996 | 9.031187 | 19,258.834 | 12/31/08 | ||||||||||||||||
16.014480 | 249.918 | 16.293206 | 8,199.026 | 12/31/07 | ||||||||||||||||
11.802739 | 238.337 | 11.983880 | 7,866.365 | 12/31/06 | ||||||||||||||||
10.897390 | 224.632 | 11.042426 | 7,397.910 | 12/31/05 | ||||||||||||||||
9.749062 | 369.844 | 9.858999 | 4,108.809 | 12/31/04 | ||||||||||||||||
8.324912 | 340.749 | 8.401910 | 3,673.250 | 12/31/03 | ||||||||||||||||
6.972208 | 1,816.324 | 7.022777 | 2,582.245 | 12/31/02 | ||||||||||||||||
8.346510 | 1,813.269 | 8.390380 | 0.000 | 12/31/01 | ||||||||||||||||
Janus Aspen Janus Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||||||||||
12.785966 | 3.892 | 10.391789 | 0.000 | 12/31/09 | ||||||||||||||||
9.467180 | 3.892 | 7.678977 | 3,045.528 | 12/31/08 | ||||||||||||||||
15.856446 | 3.892 | 12.835365 | 2,956.246 | 12/31/07 | ||||||||||||||||
13.910006 | 0.000 | 11.236984 | 2,508.839 | 12/31/06 | ||||||||||||||||
12.608502 | 0.000 | 10.165143 | 2,153.599 | 12/31/05 | ||||||||||||||||
12.205852 | 128.720 | 9.820772 | 2,368.105 | 12/31/04 | ||||||||||||||||
11.790223 | 128.720 | 9.467320 | 2,297.375 | 12/31/03 | ||||||||||||||||
9.035150 | 128.720 | 7.240699 | 1,647.960 | 12/31/02 | ||||||||||||||||
12.411252 | 128.720 | 9.926552 | 0.000 | 12/31/01 | ||||||||||||||||
Janus Aspen Overseas Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||||||||||
30.758924 | 3,020.438 | 25.171553 | 0.000 | 12/31/09 | ||||||||||||||||
17.294734 | 2,196.968 | 14.124673 | 9,428.699 | 12/31/08 | ||||||||||||||||
36.463478 | 426.772 | 29.719504 | 6,981.651 | 12/31/07 | ||||||||||||||||
28.690648 | 56.867 | 23.336974 | 4,630.919 | 12/31/06 | ||||||||||||||||
19.701127 | 56.867 | 15.992759 | 1,486.339 | 12/31/05 | ||||||||||||||||
15.034373 | 22.784 | 12.179969 | 7.075 | 12/31/04 | ||||||||||||||||
12.760432 | 0.000 | 10.317004 | 0.000 | 12/31/03 | ||||||||||||||||
9.547961 | 0.000 | 7.704394 | 0.000 | 12/31/02 | ||||||||||||||||
12.952582 | 0.000 | 10.430913 | 0.000 | 12/31/01 | ||||||||||||||||
Morgan Stanley UIF Core Plus Fixed Income Portfolio-Class I (Inception Date 7/15/1997) | ||||||||||||||||||||
15.785713 | 1,556.323 | 14.973537 | 0.000 | 12/31/09 | ||||||||||||||||
14.535198 | 1,053.994 | 13.759623 | 7,163.347 | 12/31/08 | ||||||||||||||||
16.342712 | 2.990 | 15.439456 | 8,443.460 | 12/31/07 | ||||||||||||||||
15.647093 | 0.000 | 14.752371 | 6,674.444 | 12/31/06 | ||||||||||||||||
15.228624 | 0.000 | 14.329012 | 5,142.497 | 12/31/05 | ||||||||||||||||
14.752650 | 0.000 | 13.853286 | 2,009.888 | 12/31/04 | ||||||||||||||||
14.270730 | 0.000 | 13.373842 | 1,396.144 | 12/31/03 | ||||||||||||||||
13.767746 | 0.000 | 12.876914 | 1,029.422 | 12/31/02 | ||||||||||||||||
12.949664 | 0.000 | 12.087792 | 0.000 | 12/31/01 | ||||||||||||||||
Morgan Stanley UIF Mid Cap Growth Portfolio-Class I (Inception Date 5/1/2007) | ||||||||||||||||||||
9.291050 | 28.841 | 9.341289 | 0.000 | 12/31/09 | ||||||||||||||||
5.949633 | 21.247 | 5.969766 | 421.177 | 12/31/08 | ||||||||||||||||
11.284097 | 0.688 | 11.299357 | 0.000 | 12/31/07 |
56
Number of Group | Number of Group | |||||||||||||||||||
Group Contracts with | Contracts with | Group Contracts with | Contracts with | |||||||||||||||||
Administration charges | Administration charges | Administration charges | Administration charges | |||||||||||||||||
waived (0.95% Total | waived (0.95% Total | waived (0.75% Total | waived (0.75% Total | |||||||||||||||||
Separate Account | Separate Account | Separate Account | Separate Account | |||||||||||||||||
Expenses) | Expenses) | Expenses) | Expenses) | |||||||||||||||||
Accumulation Unit | Accumulation Units | Accumulation Unit | Accumulation Units | |||||||||||||||||
Value | Outstanding | Value | Outstanding | Year | ||||||||||||||||
Morgan Stanley UIF U.S. Real Estate Portfolio-Class I (Inception Date 7/15/1997) | ||||||||||||||||||||
24.601334 | 716.093 | 23.708841 | 0.000 | 12/31/09 | ||||||||||||||||
19.350719 | 454.136 | 18.611116 | 2,994.991 | 12/31/08 | ||||||||||||||||
31.458353 | 214.591 | 30.194587 | 3,866.750 | 12/31/07 | ||||||||||||||||
38.299964 | 185.446 | 36.686891 | 6,139.587 | 12/31/06 | ||||||||||||||||
28.009655 | 166.868 | 26.776196 | 4,606.920 | 12/31/05 | ||||||||||||||||
24.158129 | 115.611 | 23.047942 | 2,205.295 | 12/31/04 | ||||||||||||||||
17.881625 | 69.022 | 17.025662 | 1,794.121 | 12/31/03 | ||||||||||||||||
13.127169 | 28.392 | 12.474088 | 1,338.574 | 12/31/02 | ||||||||||||||||
13.357067 | 215.533 | 12.667405 | 0.000 | 12/31/01 | ||||||||||||||||
Oppenheimer Balanced Fund/VA-Non-Service Series (Inception Date 12/1/2004) | ||||||||||||||||||||
8.099333 | 1,591.194 | 8.182818 | 0.000 | 12/31/09 | ||||||||||||||||
6.708361 | 946.650 | 6.763874 | 3,569.579 | 12/31/08 | ||||||||||||||||
11.981564 | 461.906 | 12.056266 | 3,170.208 | 12/31/07 | ||||||||||||||||
11.655797 | 21.039 | 11.704735 | 2,850.419 | 12/31/06 | ||||||||||||||||
10.587241 | 21.039 | 10.610348 | 2,458.961 | 12/31/05 | ||||||||||||||||
10.288407 | 21.039 | 10.290166 | 0.000 | 12/31/04 | ||||||||||||||||
Oppenheimer Capital Appreciation Fund/VA-Non-Service Series (Inception Date 12/1/2004) | ||||||||||||||||||||
10.033347 | 2,109.767 | 10.136803 | 0.000 | 12/31/09 | ||||||||||||||||
7.009156 | 1,311.073 | 7.067181 | 7,367.825 | 12/31/08 | ||||||||||||||||
12.989159 | 199.412 | 13.070156 | 5,806.126 | 12/31/07 | ||||||||||||||||
11.488852 | 0.000 | 11.537101 | 2,292.609 | 12/31/06 | ||||||||||||||||
10.744687 | 0.000 | 10.768137 | 1,989.469 | 12/31/05 | ||||||||||||||||
10.321144 | 0.000 | 10.322909 | 0.000 | 12/31/04 | ||||||||||||||||
Oppenheimer Main Street Fund®/VA-Non-Service Series (Inception Date 12/1/2004) | ||||||||||||||||||||
9.918750 | 3,212.104 | 10.020970 | 0.000 | 12/31/09 | ||||||||||||||||
7.805867 | 1,847.892 | 7.870435 | 3,712.440 | 12/31/08 | ||||||||||||||||
12.808410 | 32.319 | 12.888223 | 1,512.291 | 12/31/07 | ||||||||||||||||
12.384076 | 0.000 | 12.436042 | 53.947 | 12/31/06 | ||||||||||||||||
10.869450 | 0.000 | 10.893157 | 24.847 | 12/31/05 | ||||||||||||||||
10.354615 | 0.000 | 10.356388 | 0.000 | 12/31/04 | ||||||||||||||||
PIMCO VIT Real Return Portfolio-Administrative Class (Inception Date 12/1/2004) | ||||||||||||||||||||
12.130221 | 105.835 | 12.255178 | 0.000 | 12/31/09 | ||||||||||||||||
10.343841 | 0.000 | 10.429376 | 2,977.641 | 12/31/08 | ||||||||||||||||
11.235886 | 0.000 | 11.305940 | 199.235 | 12/31/07 | ||||||||||||||||
10.250872 | 0.000 | 10.293911 | 7.016 | 12/31/06 | ||||||||||||||||
10.275393 | 0.000 | 10.297819 | 0.000 | 12/31/05 | ||||||||||||||||
10.160349 | 0.000 | 10.162087 | 0.000 | 12/31/04 | ||||||||||||||||
PIMCO VIT Total Return Portfolio-Administrative Class (Inception Date 12/1/2004) | ||||||||||||||||||||
13.287246 | 5,122.936 | 13.432336 | 0.000 | 12/31/09 | ||||||||||||||||
11.759784 | 3,422.084 | 11.864286 | 2,400.209 | 12/31/08 | ||||||||||||||||
11.328898 | 71.404 | 11.406504 | 933.906 | 12/31/07 | ||||||||||||||||
10.516640 | 0.000 | 10.567262 | 35.340 | 12/31/06 | ||||||||||||||||
10.223567 | 0.000 | 10.252148 | 3.738 | 12/31/05 | ||||||||||||||||
10.074230 | 0.000 | 10.082128 | 0.000 | 12/31/04 |
57
Number of Group | Number of Group | |||||||||||||||||||
Group Contracts with | Contracts with | Group Contracts with | Contracts with | |||||||||||||||||
Administration charges | Administration charges | Administration charges | Administration charges | |||||||||||||||||
waived (0.95% Total | waived (0.95% Total | waived (0.75% Total | waived (0.75% Total | |||||||||||||||||
Separate Account | Separate Account | Separate Account | Separate Account | |||||||||||||||||
Expenses) | Expenses) | Expenses) | Expenses) | |||||||||||||||||
Accumulation Unit | Accumulation Units | Accumulation Unit | Accumulation Units | |||||||||||||||||
Value | Outstanding | Value | Outstanding | Year | ||||||||||||||||
Templeton Foreign Securities Fund-Class 2 (Inception Date 5/1/2007) | ||||||||||||||||||||
8.590188 | 751.094 | 8.636630 | 0.000 | 12/31/09 | ||||||||||||||||
6.328334 | 173.635 | 6.349740 | 1,740.206 | 12/31/08 | ||||||||||||||||
10.716349 | 22.401 | 10.730846 | 1,186.991 | 12/31/07 | ||||||||||||||||
Wilshire 2015 Moderate Fund (Inception Date 5/1/2007) | ||||||||||||||||||||
8.962486 | 2,398.181 | 9.010889 | 0.000 | 12/31/09 | ||||||||||||||||
7.517602 | 2,398.181 | 7.543013 | 0.000 | 12/31/08 | ||||||||||||||||
10.038253 | 687.173 | 10.051838 | 0.000 | 12/31/07 | ||||||||||||||||
Wilshire 2025 Moderate Fund (Inception Date 5/1/2007) | ||||||||||||||||||||
8.481629 | 0.000 | 8.527480 | 0.000 | 12/31/09 | ||||||||||||||||
7.108474 | 0.000 | 7.132525 | 314.799 | 12/31/08 | ||||||||||||||||
10.001167 | 0.000 | 10.014711 | 0.000 | 12/31/07 | ||||||||||||||||
Wilshire 2035 Moderate Fund (Inception Date 5/1/2007) | ||||||||||||||||||||
7.885910 | 0.000 | 7.928539 | 0.000 | 12/31/09 | ||||||||||||||||
6.586031 | 0.000 | 6.608316 | 506.673 | 12/31/08 | ||||||||||||||||
9.951380 | 0.000 | 9.964857 | 0.000 | 12/31/07 |
| On April 19, 2010, the Dreyfus Developing Leaders Portfolio, a series of the Dreyfus Variable Insurance Fund, changed its name to the Dreyfus Opportunistic Small Cap Portfolio. | ||
| On May 1, 2010, the AIM portfolios changed their brand name to Invesco. For example, AIM V.I. Capital Development Fund became Invesco V.I. Capital Development Fund. | ||
| On May 1, 2010, The Universal Institutional Funds, Inc. changed its brand name from Van Kampen to Morgan Stanley. | ||
| On June 1, 2010 or as soon as practical after that date, Van Kampens U.S. Mid Cap Value Portfolio and Value Portfolio, which currently are series of The Universal Institutional Funds, Inc., will be merged into AIM Variable Insurance Funds (Invesco Variable Insurance Funds) and change its brand name to Invesco Van Kampen. The list above reflects this anticipated transaction. | ||
58
| the dilution of Accumulation Unit Values or Portfolio net asset values | |
| Portfolio advisors taking actions that negatively impact performance such as keeping a larger portion of the Portfolio assets in cash or liquidating investments prematurely in order to support redemption requests | |
| increased administrative costs due to frequent purchases and redemptions |
Trading Behavior | Our Response | |
6 or more transfer
events in one
quarter of a
Contract Year
|
We will mail a letter to the
Contract Owner notifying the Contract Owner
that:
(1) we have identified the Contract Owner as a person engaging in harmful
trading practices; and
(2) if the Contract Owners transfer events exceed 12 in one Contract Year,
we will automatically require the Contract Owner to submit transfer requests
via regular first-class U.S. mail and we will not accept transfer requests
from the Contract Owner that are sent by other means such as electronic means
or overnight, priority or courier delivery. |
|
More than 12 transfer events in one Contract Year |
We will automatically require the Contract Owner to submit transfer requests via regular first-class U.S. mail and we will not accept transfer requests from the Contract Owner that are sent by any other means. |
59
| the dollar amount involved in the transfer event | |
| the total assets of the Portfolio involved in the transfer event | |
| the number of transfer events completed in the current quarter of the Contract Year | |
| whether the transfer event is part of a pattern of transfer events designed to take advantage of short-term market fluctuations or market efficiencies |
| To provide Contract owner information and information about transactions in the Portfolio shares during a specified period; and | ||
| To prohibit or restrict further purchases or exchanges by a Contract owner if the Portfolio company identifies the Contract owner as a person who has engaged in trading that violated the Portfolio companys frequent trading policies. | ||
60
1
§ | The Contracts are not FDIC or NCUSIF insured | |
§ | The Contracts are obligations of the Company and not of the bank or credit union | |
§ | The bank or credit union does not guarantee the Companys obligations under the Contracts | |
§ | The Contracts involve investment risk and may lose value |
2
Minimum | Maximum | |||||||
Before any fee reduction or expense reimbursement |
2.08 | % | 0.29 | % | ||||
After contractual fee reductions and/or expense reimbursements |
2.08 | % | 0.29 | % |
(1) | Contractual fee reductions and/or expense reimbursements related to a Portfolio will continue for a period that ends on a specific date. All contractual fee caps currently in place will end on April 30, 2011. | |
| You invest $10,000 in the Advantage® Contract for the periods indicated and your investment has a 5% return each year. | |
| The annual contract maintenance fee ($30), the Separate Account annual expenses (1.40%), and the maximum Portfolio expenses (2.08%) are incurred. | |
3
1 year | 3 years | 5 years | 10 years | |||||||||||||
Before reimbursement |
$ | 1,186 | $ | 1,929 | $ | 2,676 | $ | 5,072 | ||||||||
After reimbursement |
$ | 1,186 | $ | 1,929 | $ | 2,676 | $ | 5,072 |
1 year | 3 years | 5 years | 10 years | |||||||||||||
Before reimbursement |
$ | 386 | $ | 1,229 | $ | 2,176 | $ | 5,072 | ||||||||
After reimbursement |
$ | 386 | $ | 1,229 | $ | 2,176 | $ | 5,072 |
| You invest $10,000 in the Independence® Contract for the periods indicated and your investment has a 5% return each year. | |
| The annual contract maintenance fee ($40), the Separate Account annual expenses (1.40%), and the maximum Portfolio expenses (2.08%) are incurred. | |
1 year | 3 years | 5 years | 10 years | |||||||||||||
Before reimbursement |
$ | 396 | $ | 1,260 | $ | 2,227 | $ | 5,178 | ||||||||
After reimbursement |
$ | 396 | $ | 1,260 | $ | 2,227 | $ | 5,178 |
1 year | 3 years | 5 years | 10 years | |||||||||||||
Before reimbursement |
$ | 396 | $ | 1,260 | $ | 2,227 | $ | 5,178 | ||||||||
After reimbursement |
$ | 396 | $ | 1,260 | $ | 2,227 | $ | 5,178 |
4
| You invest $10,000 in the Spirit® Contract for the periods indicated and your investment has a 5% return each year. | |
| The annual contract maintenance fee of $30 and Separate Account annual expenses of 1.40% are incurred. | |
| The annual contract maintenance fee ($30), the maximum Separate Account annual expenses (1.40%), and the maximum Portfolio expenses (2.08%) are incurred. | |
1 year | 3 years | 5 years | 10 years | |||||||||||||
Before reimbursement |
$ | 1,086 | $ | 1,729 | $ | 2,476 | $ | 5,072 | ||||||||
After reimbursement |
$ | 1,086 | $ | 1,729 | $ | 2,476 | $ | 5,072 |
1 year | 3 years | 5 years | 10 years | |||||||||||||
Before reimbursement |
$ | 386 | $ | 1,229 | $ | 2,176 | $ | 5,072 | ||||||||
After reimbursement |
$ | 386 | $ | 1,229 | $ | 2,176 | $ | 5,072 |
| year-end accumulation unit values for each Subaccount for each of the last 10 fiscal years through December 31, 2009, or from the end of the year of inception of a Subaccount, if later, to December 31, 2009; and | |
| number of accumulation units outstanding as of the end of each period. |
5
SHARE | ||||||
PORTFOLIO | CLASS | ADVISOR | INVESTMENT CATEGORY | |||
Invesco Variable Investment Funds+ |
||||||
Invesco V.I. Dynamics Fund
|
Series I | Invesco Advisors, Inc. | Domestic equity: Mid cap growth | |||
Janus Aspen Series |
||||||
Worldwide Portfolio
|
Institutional | Janus Capital Management LLC | International equity: World stock | |||
The Timothy Plan Variable Series |
||||||
Conservative Growth Variable Series
|
N/A | Timothy Partners, Ltd. | Balanced: Moderate allocation | |||
Strategic Growth Variable Series
|
N/A | Timothy Partners, Ltd. | Domestic equity: Mid cap growth |
+ | The full legal name of Invesco Variable Insurance Funds is AIM Variable Insurance Funds (Invesco Variable Insurance Funds). | |
6
Number of | ||||||||||||||||||||||||||||
Enhanced with | Enhanced with | |||||||||||||||||||||||||||
Number of | Number of | Administration | Administration | |||||||||||||||||||||||||
Standard | Enhanced | Charges | Charges Waived | |||||||||||||||||||||||||
Standard | Accumulation | Enhanced | Accumulation | Waived | Accumulation | |||||||||||||||||||||||
Accumulation | Units | Accumulation | Units | Accumulation | Units | |||||||||||||||||||||||
Unit Value | Outstanding | Unit Value | Outstanding | Unit Value | Outstanding | Year | ||||||||||||||||||||||
Invesco V.I. Dynamics Fund-Series I Shares (Inception Date 5/1/2001) | ||||||||||||||||||||||||||||
8.180679 | 44,201.169 | 8.397536 | 0.000 | 8.507936 | 190.206 | 12/31/09 | ||||||||||||||||||||||
5.824689 | 55,720.355 | 5.960938 | 0.000 | 6.030174 | 147.224 | 12/31/08 | ||||||||||||||||||||||
11.378261 | 91,372.086 | 11.608837 | 0.000 | 11.725794 | 112.020 | 12/31/07 | ||||||||||||||||||||||
10.287076 | 105,073.806 | 10.463499 | 0.000 | 10.552834 | 88.031 | 12/31/06 | ||||||||||||||||||||||
8.984924 | 75,896.111 | 9.111342 | 0.000 | 9.175262 | 60.280 | 12/31/05 | ||||||||||||||||||||||
8.229888 | 77,529.977 | 8.320433 | 0.000 | 8.366155 | 23.763 | 12/31/04 | ||||||||||||||||||||||
7.364205 | 63,086.332 | 7.422756 | 0.000 | 7.452291 | 0.000 | 12/31/03 | ||||||||||||||||||||||
5.417943 | 78,143.205 | 5.444887 | 0.000 | 5.458451 | 0.000 | 12/31/02 | ||||||||||||||||||||||
8.067308 | 93,275.876 | 8.083372 | 0.000 | 8.091444 | 0.000 | 12/31/01 | ||||||||||||||||||||||
Janus Aspen Worldwide Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
11.783409 | 902,705.882 | 12.232581 | 6,492.712 | 12.463098 | 267.565 | 12/31/09 | ||||||||||||||||||||||
8.678898 | 1,008,264.804 | 8.982374 | 6,153.773 | 9.137790 | 238.860 | 12/31/08 | ||||||||||||||||||||||
15.907143 | 1,161,307.113 | 16.413070 | 6,328.041 | 16.671615 | 214.662 | 12/31/07 | ||||||||||||||||||||||
14.717387 | 1,410,898.731 | 15.139123 | 8,089.661 | 15.354205 | 198.036 | 12/31/06 | ||||||||||||||||||||||
12.627182 | 1,622,445.152 | 12.949718 | 9,847.675 | 13.113864 | 180.878 | 12/31/05 | ||||||||||||||||||||||
12.096493 | 1,892,337.612 | 12.367909 | 10,895.424 | 12.505798 | 292.617 | 12/31/04 | ||||||||||||||||||||||
11.708282 | 2,099,555.231 | 11.934844 | 14,464.542 | 12.049706 | 277.111 | 12/31/03 | ||||||||||||||||||||||
9.574914 | 2,438,561.261 | 9.731344 | 10,650.649 | 9.810429 | 2,191.502 | 12/31/02 | ||||||||||||||||||||||
13.032840 | 2,364,153.929 | 13.206482 | 7,650.835 | 13.294015 | 2,191.502 | 12/31/01 | ||||||||||||||||||||||
17.039678 | 2,082,293.354 | 17.215191 | 5,014.610 | 17.303370 | 3,484.654 | 12/31/00 | ||||||||||||||||||||||
The Timothy Plan Conservative Growth Variable Series (Inception Date 5/1/2002) | ||||||||||||||||||||||||||||
11.051517 | 267,285.063 | 11.310713 | 13.208 | 11.442288 | 0.00 | 12/31/09 | ||||||||||||||||||||||
9.127064 | 321,412.820 | 9.312776 | 13.208 | 9.406857 | 0.000 | 12/31/08 | ||||||||||||||||||||||
12.952754 | 455,222.276 | 13.176001 | 13.418 | 13.288878 | 0.000 | 12/31/07 | ||||||||||||||||||||||
12.081358 | 512,762.391 | 12.252064 | 13.418 | 12.338233 | 0.000 | 12/31/06 | ||||||||||||||||||||||
11.224446 | 572,609.363 | 11.348586 | 13.418 | 11.411149 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.806880 | 586,564.485 | 10.893329 | 175.420 | 10.936855 | 0.000 | 12/31/04 | ||||||||||||||||||||||
10.342389 | 348,794.768 | 10.393659 | 37.886 | 10.419451 | 0.000 | 12/31/03 | ||||||||||||||||||||||
8.916475 | 167,693.588 | 8.934171 | 0.200 | 8.943061 | 0.000 | 12/31/02 |
7
Number of | ||||||||||||||||||||||||||||
Enhanced with | Enhanced with | |||||||||||||||||||||||||||
Number of | Number of | Administration | Administration | |||||||||||||||||||||||||
Standard | Enhanced | Charges | Charges Waived | |||||||||||||||||||||||||
Standard | Accumulation | Enhanced | Accumulation | Waived | Accumulation | |||||||||||||||||||||||
Accumulation | Units | Accumulation | Units | Accumulation | Units | |||||||||||||||||||||||
Unit Value | Outstanding | Unit Value | Outstanding | Unit Value | Outstanding | Year | ||||||||||||||||||||||
The Timothy Plan Strategic Growth Variable Series (Inception Date 5/1/2002) | ||||||||||||||||||||||||||||
10.063779 | 347,592.943 | 10.299424 | 0.000 | 10.419061 | 0.000 | 12/31/09 | ||||||||||||||||||||||
7.882894 | 412,084.563 | 8.042976 | 0.000 | 8.124096 | 0.000 | 12/31/08 | ||||||||||||||||||||||
13.227039 | 518,810.234 | 13.454461 | 0.000 | 13.569466 | 0.000 | 12/31/07 | ||||||||||||||||||||||
12.181313 | 629,515.069 | 12.352932 | 0.000 | 12.439564 | 0.000 | 12/31/06 | ||||||||||||||||||||||
11.247959 | 673,218.784 | 11.371889 | 0.000 | 11.434368 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.772978 | 687,211.128 | 10.858721 | 0.000 | 10.901897 | 0.000 | 12/31/04 | ||||||||||||||||||||||
10.104822 | 408,637.294 | 10.154501 | 0.000 | 10.179502 | 0.000 | 12/31/03 | ||||||||||||||||||||||
8.194917 | 159,507.218 | 8.210855 | 0.000 | 8.218868 | 0.000 | 12/31/02 |
* | See The Commodore Spirit® Supplemental Prospectus dated May 1, 2010 regarding the Cancelled Death Benefit Rider for more information. |
Number of | Number of | |||||||||||||||||||||||||||
Optional | Optional | |||||||||||||||||||||||||||
Optional | Death Benefit | Optional | Death Benefit | |||||||||||||||||||||||||
Number of | Death Benefit | (issue age 65 | Death Benefit | (issue age over | ||||||||||||||||||||||||
Standard | (issue age 65 | and younger) | (issue age over | 65/under 79) | ||||||||||||||||||||||||
Standard | Accumulation | and younger) | Accumulation | 65/under 79) | Accumulation | |||||||||||||||||||||||
Accumulation | Units | Accumulation | Units | Accumulation | Units | |||||||||||||||||||||||
Unit Value | Outstanding | Unit Value | Outstanding | Unit Value | Outstanding | Year | ||||||||||||||||||||||
Invesco V.I. Dynamics Fund-Series I Shares (Inception Date 5/1/2001) | ||||||||||||||||||||||||||||
8.180679 | 44,201.169 | 8.109649 | 208.331 | 8.004270 | 0.000 | 12/31/09 | ||||||||||||||||||||||
5.824689 | 55,720.355 | 5.779978 | 188.518 | 5.713559 | 0.000 | 12/31/08 | ||||||||||||||||||||||
11.378261 | 91,372.086 | 11.302455 | 173.124 | 11.189694 | 0.000 | 12/31/07 | ||||||||||||||||||||||
10.287076 | 105,073.806 | 10.228974 | 157.523 | 10.142423 | 0.000 | 12/31/06 | ||||||||||||||||||||||
8.984924 | 75,896.111 | 8.943219 | 130.974 | 8.881025 | 0.000 | 12/31/05 | ||||||||||||||||||||||
8.229888 | 77,529.977 | 8.199982 | 100.281 | 8.155318 | 0.000 | 12/31/04 | ||||||||||||||||||||||
7.364205 | 63,086.332 | 7.344844 | 64.658 | 7.315884 | 0.000 | 12/31/03 | ||||||||||||||||||||||
5.417943 | 78,143.205 | 5.409027 | 24.686 | 5.395649 | 0.000 | 12/31/02 | ||||||||||||||||||||||
8.067308 | 93,275.876 | 8.061982 | 0.000 | 8.053984 | 0.000 | 12/31/01 | ||||||||||||||||||||||
Janus Aspen Worldwide Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
11.783409 | 902,705.882 | 11.637188 | 1,124.888 | 11.421722 | 0.000 | 12/31/09 | ||||||||||||||||||||||
8.678898 | 1,008,264.804 | 8.579906 | 2,591.601 | 8.433883 | 0.000 | 12/31/08 | ||||||||||||||||||||||
15.907143 | 1,161,307.113 | 15.741778 | 2,332.385 | 15.497595 | 0.000 | 12/31/07 | ||||||||||||||||||||||
14.717387 | 1,410,898.731 | 14.579256 | 2,270.609 | 14.375089 | 0.000 | 12/31/06 | ||||||||||||||||||||||
12.627182 | 1,622,445.152 | 12.521328 | 2,340.830 | 12.364730 | 0.000 | 12/31/05 | ||||||||||||||||||||||
12.096493 | 1,892,337.612 | 12.007224 | 2,503.457 | 11.875064 | 0.000 | 12/31/04 | ||||||||||||||||||||||
11.708282 | 2,099,555.231 | 11.633594 | 2,809.923 | 11.522959 | 0.000 | 12/31/03 | ||||||||||||||||||||||
9.574914 | 2,438,561.261 | 9.523209 | 2,621.610 | 9.446581 | 0.000 | 12/31/02 | ||||||||||||||||||||||
13.032840 | 2,364,153.929 | 12.975281 | 1,362.573 | 12.889939 | 0.000 | 12/31/01 | ||||||||||||||||||||||
17.039678 | 2,082,293.354 | N/A | N/A | N/A | N/A | 12/31/00 |
8
Number of | Number of | |||||||||||||||||||||||||||
Optional | Optional | |||||||||||||||||||||||||||
Optional | Death Benefit | Optional | Death Benefit | |||||||||||||||||||||||||
Number of | Death Benefit | (issue age 65 | Death Benefit | (issue age over | ||||||||||||||||||||||||
Standard | (issue age 65 | and younger) | (issue age over | 65/under 79) | ||||||||||||||||||||||||
Standard | Accumulation | and younger) | Accumulation | 65/under 79) | Accumulation | |||||||||||||||||||||||
Accumulation | Units | Accumulation | Units | Accumulation | Units | |||||||||||||||||||||||
Unit Value | Outstanding | Unit Value | Outstanding | Unit Value | Outstanding | Year | ||||||||||||||||||||||
The Timothy Plan Conservative Growth Variable Series (Inception Date 5/1/2002) | ||||||||||||||||||||||||||||
11.051517 | 267,285.063 | 10.966451 | 3,013.278 | 10.840002 | 0.000 | 12/31/09 | ||||||||||||||||||||||
9.127064 | 321,412.820 | 9.066003 | 10,848.742 | 8.975117 | 0.000 | 12/31/08 | ||||||||||||||||||||||
12.952754 | 455,222.276 | 12.879212 | 10,816.707 | 12.769620 | 0.000 | 12/31/07 | ||||||||||||||||||||||
12.081358 | 512,762.391 | 12.025018 | 9,153.898 | 11.940953 | 0.000 | 12/31/06 | ||||||||||||||||||||||
11.224446 | 572,609.363 | 11.183411 | 4,407.021 | 11.122095 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.806880 | 586,564.485 | 10.778271 | 4,590.387 | 10.735463 | 0.000 | 12/31/04 | ||||||||||||||||||||||
10.342389 | 348,794.768 | 10.325409 | 7,343.039 | 10.299964 | 0.000 | 12/31/03 | ||||||||||||||||||||||
8.916475 | 167,693.588 | 8.910599 | 1,125.801 | 8.901785 | 0.000 | 12/31/02 | ||||||||||||||||||||||
The Timothy Plan Strategic Growth Variable Series (Inception Date 5/1/2002) | ||||||||||||||||||||||||||||
10.063779 | 347,592.943 | 9.986399 | 144.314 | 9.871459 | 0.000 | 12/31/09 | ||||||||||||||||||||||
7.882894 | 412,084.563 | 7.830225 | 245.679 | 7.751894 | 0.000 | 12/31/08 | ||||||||||||||||||||||
13.227039 | 518,810.234 | 13.152081 | 208.850 | 13.040454 | 0.000 | 12/31/07 | ||||||||||||||||||||||
12.181313 | 629,515.069 | 12.124648 | 175.753 | 12.040151 | 0.000 | 12/31/06 | ||||||||||||||||||||||
11.247959 | 673,218.784 | 11.206981 | 140.480 | 11.145787 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.772978 | 687,211.128 | 10.744596 | 590.905 | 10.702146 | 0.000 | 12/31/04 | ||||||||||||||||||||||
10.104822 | 408,637.294 | 10.088364 | 3,195.360 | 10.063711 | 0.000 | 12/31/03 | ||||||||||||||||||||||
8.194917 | 159,507.218 | 8.189622 | 4,019.666 | 8.181687 | 0.000 | 12/31/02 |
Number of | Number of | |||||||||||||||||||||||||||
Group Contract | Group Contract | |||||||||||||||||||||||||||
Group Contract | (1.10% Total | Group Contract | (0.90% Total | |||||||||||||||||||||||||
Number of | (1.10% Total | Separate | (0.90% Total | Separate | ||||||||||||||||||||||||
Individual | Separate | Account | Separate | Account | ||||||||||||||||||||||||
Individual | Contract | Account | Expenses) | Account | Expenses) | |||||||||||||||||||||||
Contract | Accumulation | Expenses) | Accumulation | Expenses) | Accumulation | |||||||||||||||||||||||
Accumulation | Units | Accumulation | Units | Accumulation | Units | |||||||||||||||||||||||
Unit Value | Outstanding | Unit Value | Outstanding | Unit Value | Outstanding | Year | ||||||||||||||||||||||
Invesco V.I. Dynamics Fund-Series I Shares (Inception Date 5/1/2001) | ||||||||||||||||||||||||||||
8.180679 | 44,201.169 | 8.397536 | 0.000 | 8.544938 | 0.000 | 12/31/09 | ||||||||||||||||||||||
5.824689 | 55,720.355 | 5.960938 | 0.000 | 6.053343 | 0.000 | 12/31/08 | ||||||||||||||||||||||
11.378261 | 91,372.086 | 11.608837 | 0.000 | 11.764863 | 0.000 | 12/31/07 | ||||||||||||||||||||||
10.287076 | 105,073.806 | 10.463499 | 0.000 | 10.582630 | 0.000 | 12/31/06 | ||||||||||||||||||||||
8.984924 | 75,896.111 | 9.111342 | 0.000 | 9.196547 | 0.000 | 12/31/05 | ||||||||||||||||||||||
8.229888 | 77,529.977 | 8.320433 | 0.000 | 8.381370 | 0.000 | 12/31/04 | ||||||||||||||||||||||
7.364205 | 63,086.332 | 7.422756 | 0.000 | 7.462101 | 7.139 | 12/31/03 | ||||||||||||||||||||||
5.417943 | 78,143.205 | 5.444887 | 0.000 | 5.462949 | 0.000 | 12/31/02 | ||||||||||||||||||||||
8.067308 | 93,275.876 | 8.083372 | 0.000 | 8.094120 | 0.000 | 12/31/01 |
9
Number of | Number of | |||||||||||||||||||||||||||
Group Contract | Group Contract | |||||||||||||||||||||||||||
Group Contract | (1.10% Total | Group Contract | (0.90% Total | |||||||||||||||||||||||||
Number of | (1.10% Total | Separate | (0.90% Total | Separate | ||||||||||||||||||||||||
Individual | Separate | Account | Separate | Account | ||||||||||||||||||||||||
Individual | Contract | Account | Expenses) | Account | Expenses) | |||||||||||||||||||||||
Contract | Accumulation | Expenses) | Accumulation | Expenses) | Accumulation | |||||||||||||||||||||||
Accumulation | Units | Accumulation | Units | Accumulation | Units | |||||||||||||||||||||||
Unit Value | Outstanding | Unit Value | Outstanding | Unit Value | Outstanding | Year | ||||||||||||||||||||||
Janus Aspen Worldwide Portfolio-Institutional Shares Inception Date 7/15/1997) | ||||||||||||||||||||||||||||
11.783409 | 902,705.882 | 12.232581 | 6,492.712 | 9.567083 | 0.000 | 12/31/09 | ||||||||||||||||||||||
8.678898 | 1,008,264.804 | 8.982374 | 6,153.773 | 7.010936 | 0.000 | 12/31/08 | ||||||||||||||||||||||
15.907143 | 1,161,307.113 | 16.413070 | 6,328.041 | 12.784750 | 0.000 | 12/31/07 | ||||||||||||||||||||||
14.717387 | 1,410,898.731 | 15.139123 | 8,089.661 | 11.768528 | 0.000 | 12/31/06 | ||||||||||||||||||||||
12.627182 | 1,622,445.152 | 12.949718 | 9,847.675 | 10.046327 | 0.000 | 12/31/05 | ||||||||||||||||||||||
12.096493 | 1,892,337.612 | 12.367909 | 10,895.424 | 9.575676 | 0.000 | 12/31/04 | ||||||||||||||||||||||
11.708282 | 2,099,555.231 | 11.934844 | 14,464.542 | 9.221822 | 46,144.266 | 12/31/03 | ||||||||||||||||||||||
9.574914 | 2,438,561.261 | 9.731344 | 10,650.649 | 7.504379 | 39,742.411 | 12/31/02 | ||||||||||||||||||||||
13.032840 | 2,364,153.929 | 13.206482 | 7,650.835 | 10.164080 | 32,752.139 | 12/31/01 | ||||||||||||||||||||||
17.039678 | 2,082,293.354 | N/A | N/A | N/A | N/A | 12/31/00 | ||||||||||||||||||||||
The Timothy Plan Conservative Growth Variable Series (Inception Date 5/1/2002) | ||||||||||||||||||||||||||||
11.051517 | 267,285.063 | 11.310713 | 13.208 | 11.486379 | 0.000 | 12/31/09 | ||||||||||||||||||||||
9.127064 | 321,412.820 | 9.312776 | 13.208 | 9.438349 | 0.000 | 12/31/08 | ||||||||||||||||||||||
12.952754 | 455,222.276 | 13.176001 | 13.418 | 13.326634 | 0.000 | 12/31/07 | ||||||||||||||||||||||
12.081358 | 512,762.391 | 12.252064 | 13.418 | 12.367019 | 0.000 | 12/31/06 | ||||||||||||||||||||||
11.224446 | 572,609.363 | 11.348586 | 13.418 | 11.432023 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.806880 | 586,564.485 | 10.893329 | 175.420 | 10.951356 | 0.000 | 12/31/04 | ||||||||||||||||||||||
10.342389 | 348,794.768 | 10.393659 | 37.886 | 10.428026 | 0.000 | 12/31/03 | ||||||||||||||||||||||
8.916475 | 167,693.588 | 8.934171 | 0.200 | 8.946009 | 0.000 | 12/31/02 | ||||||||||||||||||||||
The Timothy Plan Strategic Growth Variable Series (Inception Date 5/1/2002) | ||||||||||||||||||||||||||||
10.063779 | 347,592.943 | 10.299424 | 0.000 | 10.459135 | 0.000 | 12/31/09 | ||||||||||||||||||||||
7.882894 | 412,084.563 | 8.042976 | 0.000 | 8.151231 | 0.000 | 12/31/08 | ||||||||||||||||||||||
13.227039 | 518,810.234 | 13.454461 | 0.000 | 13.607903 | 0.000 | 12/31/07 | ||||||||||||||||||||||
12.181313 | 629,515.069 | 12.352932 | 0.000 | 12.468482 | 0.000 | 12/31/06 | ||||||||||||||||||||||
11.247959 | 673,218.784 | 11.371889 | 0.000 | 11.455183 | 0.000 | 12/31/05 | ||||||||||||||||||||||
10.772978 | 687,211.128 | 10.858721 | 0.000 | 10.916251 | 0.000 | 12/31/04 | ||||||||||||||||||||||
10.104822 | 408,637.294 | 10.154501 | 0.000 | 10.187798 | 0.000 | 12/31/03 | ||||||||||||||||||||||
8.194917 | 159,507.218 | 8.210855 | 0.000 | 8.221523 | 0.000 | 12/31/02 |
10
Number of Group | Number of Group | |||||||||||||||||||
Group Contract with | Contract with | Group Contract with | Contract with | |||||||||||||||||
Administration charges | Administration charges | Administration charges | Administration charges | |||||||||||||||||
waived (0.95% Total | waived (0.95% Total | waived (0.75% Total | waived (0.75% Total | |||||||||||||||||
Separate Account | Separate Account | Separate Account | Separate Account | |||||||||||||||||
Expenses) | Expenses) | Expenses) | Expenses) | |||||||||||||||||
Accumulation Unit | Accumulation Units | Accumulation Unit | Accumulation Units | |||||||||||||||||
Value | Outstanding | Value | Outstanding | Year | ||||||||||||||||
Invesco V.I. Dynamics Fund-Series I Shares (Inception Date 5/1/2001) | ||||||||||||||||||||
8.507936 | 190.206 | 8.657206 | 0.000 | 12/31/09 | ||||||||||||||||
6.030174 | 147.224 | 6.123616 | 137.983 | 12/31/08 | ||||||||||||||||
11.725794 | 112.020 | 11.883356 | 137.993 | 12/31/07 | ||||||||||||||||
10.552834 | 88.031 | 10.672996 | 122.199 | 12/31/06 | ||||||||||||||||
9.175262 | 60.280 | 9.261113 | 111.545 | 12/31/05 | ||||||||||||||||
8.366155 | 23.763 | 8.427490 | 63.240 | 12/31/04 | ||||||||||||||||
7.452291 | 0.000 | 7.491858 | 57.208 | 12/31/03 | ||||||||||||||||
5.458451 | 0.000 | 5.476583 | 18.335 | 12/31/02 | ||||||||||||||||
8.091444 | 0.000 | 8.102202 | 0.000 | 12/31/01 | ||||||||||||||||
Janus Aspen Worldwide Portfolio-Institutional Shares Inception Date 7/15/1997) | ||||||||||||||||||||
12.463098 | 267.565 | 9.732872 | 0.000 | 12/31/09 | ||||||||||||||||
9.137790 | 238.860 | 7.121653 | 3,191.505 | 12/31/08 | ||||||||||||||||
16.671615 | 214.662 | 12.966900 | 2,734.959 | 12/31/07 | ||||||||||||||||
15.354205 | 198.036 | 11.918070 | 2,527.467 | 12/31/06 | ||||||||||||||||
13.113864 | 180.878 | 10.158682 | 2,571.733 | 12/31/05 | ||||||||||||||||
12.505798 | 292.617 | 9.668184 | 2,190.387 | 12/31/04 | ||||||||||||||||
12.049706 | 277.111 | 9.296883 | 2,169.871 | 12/31/03 | ||||||||||||||||
9.810429 | 2,191.502 | 7.554217 | 1,573.229 | 12/31/02 | ||||||||||||||||
13.294015 | 2,191.502 | 10.216331 | 0.000 | 12/31/01 | ||||||||||||||||
The Timothy Plan Conservative Growth Variable Series (Inception Date 5/1/2002) | ||||||||||||||||||||
11.442288 | 0.000 | 11.619853 | 0.000 | 12/31/09 | ||||||||||||||||
9.406857 | 0.000 | 9.533610 | 2,295.238 | 12/31/08 | ||||||||||||||||
13.288878 | 0.000 | 13.440722 | 4,102.160 | 12/31/07 | ||||||||||||||||
12.338233 | 0.000 | 12.453961 | 4,166.020 | 12/31/06 | ||||||||||||||||
11.411149 | 0.000 | 11.495051 | 2,663.055 | 12/31/05 | ||||||||||||||||
10.936855 | 0.000 | 10.995154 | 133.936 | 12/31/04 | ||||||||||||||||
10.419451 | 0.000 | 10.453956 | 6.078 | 12/31/03 | ||||||||||||||||
8.943061 | 0.000 | 8.954924 | 0.000 | 12/31/02 | ||||||||||||||||
The Timothy Plan Strategic Growth Variable Series (Inception Date 5/1/2002) | ||||||||||||||||||||
10.419061 | 0.000 | 10.580473 | 0.000 | 12/31/09 | ||||||||||||||||
8.124096 | 0.000 | 8.233353 | 277.991 | 12/31/08 | ||||||||||||||||
13.569466 | 0.000 | 13.724129 | 225.416 | 12/31/07 | ||||||||||||||||
12.439564 | 0.000 | 12.555889 | 182.582 | 12/31/06 | ||||||||||||||||
11.434368 | 0.000 | 11.518110 | 132.752 | 12/31/05 | ||||||||||||||||
10.901897 | 0.000 | 10.959701 | 70.404 | 12/31/04 | ||||||||||||||||
10.179502 | 0.000 | 10.212939 | 30.285 | 12/31/03 | ||||||||||||||||
8.218868 | 0.000 | 8.229559 | 0.000 | 12/31/02 |
11
Number of | ||||||||||||||||||||
Standard with | Standard with | |||||||||||||||||||
Number of | Administration | Administration | ||||||||||||||||||
Standard | Standard | Charges Waived | Charges Waived | |||||||||||||||||
Accumulation Unit | Accumulation Units | Accumulation Unit | Accumulation Units | |||||||||||||||||
Value | Outstanding | Value | Outstanding | Year | ||||||||||||||||
Invesco V.I. Dynamics Fund-Series I Shares (Inception Date 5/1/2001) | ||||||||||||||||||||
8.180679 | 44,201.169 | 8.288477 | 0.000 | 12/31/09 | ||||||||||||||||
5.824689 | 55,720.355 | 5.892457 | 0.000 | 12/31/08 | ||||||||||||||||
11.378261 | 91,372.086 | 11.493024 | 0.000 | 12/31/07 | ||||||||||||||||
10.287076 | 105,073.806 | 10.374943 | 0.000 | 12/31/06 | ||||||||||||||||
8.984924 | 75,896.111 | 9.047929 | 0.000 | 12/31/05 | ||||||||||||||||
8.229888 | 77,529.977 | 8.275039 | 0.000 | 12/31/04 | ||||||||||||||||
7.364205 | 63,086.331 | 7.393411 | 0.000 | 12/31/03 | ||||||||||||||||
5.417943 | 78,143.205 | 5.431395 | 0.000 | 12/31/02 | ||||||||||||||||
8.067308 | 93,275.876 | 8.075340 | 0.000 | 12/31/01 | ||||||||||||||||
Janus Aspen Worldwide Portfolio-Institutional Shares)(Inception Date 7/15/1997) | ||||||||||||||||||||
11.783409 | 902,705.882 | 9.191218 | 9,612.559 | 12/31/09 | ||||||||||||||||
8.678898 | 1,008,264.804 | 6.759364 | 9,612.550 | 12/31/08 | ||||||||||||||||
15.907143 | 1,161,307.113 | 12.369963 | 9,914.578 | 12/31/07 | ||||||||||||||||
14.717387 | 1,410,898.731 | 11.427272 | 9,745.222 | 12/31/06 | ||||||||||||||||
12.627182 | 1,622,445.152 | 9.789468 | 17,865.960 | 12/31/05 | ||||||||||||||||
12.096493 | 1,892,337.612 | 9.363811 | 18,261.241 | 12/31/04 | ||||||||||||||||
11.708282 | 2,099,555.231 | 9.049605 | 17,208.944 | 12/31/03 | ||||||||||||||||
9.574914 | 2,438,561.261 | 7.389719 | 10,530.938 | 12/31/02 | ||||||||||||||||
13.032840 | 2,364,153.929 | 10.043546 | 0.000 | 12/31/01 | ||||||||||||||||
17.039678 | 2,082,293.354 | N/A | N/A | 12/31/00 | ||||||||||||||||
The Timothy Plan Conservative Growth Variable Series (Inception Date 5/1/2002) | ||||||||||||||||||||
11.051517 | 267,285.063 | 11.180501 | 0.000 | 12/31/09 | ||||||||||||||||
9.127064 | 321,412.820 | 9.219554 | 0.000 | 12/31/08 | ||||||||||||||||
12.952754 | 455,222.276 | 13.064018 | 0.000 | 12/31/07 | ||||||||||||||||
12.081358 | 512,762.391 | 12.166498 | 0.000 | 12/31/06 | ||||||||||||||||
11.224446 | 572,609.363 | 11.286400 | 856.937 | 12/31/05 | ||||||||||||||||
10.806880 | 586,564.485 | 10.850052 | 619.421 | 12/31/04 | ||||||||||||||||
10.342389 | 348,794.768 | 10.368005 | 0.000 | 12/31/03 | ||||||||||||||||
8.916475 | 167,693.588 | 8.925318 | 0.000 | 12/31/02 | ||||||||||||||||
The Timothy Plan Strategic Growth Variable Series (Inception Date 5/1/2002) | ||||||||||||||||||||
10.063779 | 347,592.943 | 10.181022 | 0.000 | 12/31/09 | ||||||||||||||||
7.882894 | 412,084.563 | 7.962596 | 0.000 | 12/31/08 | ||||||||||||||||
13.227039 | 518,810.234 | 13.340344 | 0.000 | 12/31/07 | ||||||||||||||||
12.181313 | 629,515.069 | 12.266874 | 0.000 | 12/31/06 | ||||||||||||||||
11.247959 | 673,218.784 | 11.309780 | 0.000 | 12/31/05 | ||||||||||||||||
10.772978 | 687,211.128 | 10.815763 | 0.000 | 12/31/04 | ||||||||||||||||
10.104822 | 408,637.294 | 10.129626 | 0.000 | 12/31/03 | ||||||||||||||||
8.194917 | 159,507.218 | 8.202876 | 0.000 | 12/31/02 |
12
Commodore Advantage® Contract |
333-51971 | |||
Commodore Independence® Contract |
333-51955 | |||
Commodore Spirit® Contract |
333-19725 |
1
| The Contracts may be sold by a bank or credit union, but they are not a deposit or obligation of the bank or credit union or guaranteed by the bank or credit union. | |
| The Contracts are not FDIC or NCUSIF insured. | |
| The Contracts involve investment risk and may lose value. |
2
Current | Maximum | |||||||
Guaranteed Lifetime Withdrawal Benefit Rider Charge |
0.55 | % | 1.20 | % | ||||
Guaranteed
Lifetime Withdrawal Benefit Rider with Spousal Continuation Charge |
0.70 | % | 1.20 | % | ||||
Guaranteed Minimum Withdrawal Benefit Rider Charge |
0.40 | % | 1.00 | % |
| If you choose to activate the Guaranteed Lifetime Withdrawal Benefit Rider, it will provide a lifetime withdrawal benefit, up to a certain amount each benefit year. | |
| If you choose to activate the Guaranteed Minimum Withdrawal Benefit Rider, it will provide a minimum withdrawal benefit, up to a certain amount each benefit year. |
| you activate the Rider if you activate it on a date other than the Rider Issue Date; | |
| you elect to reset the Benefit Base Amount; or | |
| you take an Excess Withdrawal. |
3
| You invest $10,000 in the Contract for the periods indicated and your investment has a 5% return each year. | |
| You activate the Guaranteed Lifetime Withdrawal Benefit with Spousal Continuation when you purchase your Contract and the maximum rider charge of 1.20% is incurred. | |
| The annual contract maintenance fee of $30 and Separate Account annual expenses of 1.40% are incurred. | |
| The maximum Portfolio expenses before reimbursement (1.37%) or after reimbursement (1.31%) are incurred. | |
| Table #1 assumes that you surrender your Contract at the end of the indicated period and the applicable contingent deferred sales charge is incurred. | |
| Table #2 assumes that you annuitize your Contract at the end of the indicated period or you keep your Contract and leave your money in your Contract for the entire period. |
(1) | If you surrender your Contract at the end of the period, your costs will be: |
1 year | 3 years | 5 years | 10 years | |||||||||||||
Before reimbursement |
$ | 1,237 | $ | 2,086 | $ | 2,943 | $ | 5,633 | ||||||||
After reimbursement |
$ | 1,231 | $ | 2,068 | $ | 2,912 | $ | 5,672 |
(2) | If you annuitize your Contract at the end of the period or keep your Contract for the entire period, your costs will be: |
1 year | 3 years | 5 years | 10 years | |||||||||||||
Before reimbursement |
$ | 437 | $ | 1,386 | $ | 2,493 | $ | 5,633 | ||||||||
After reimbursement |
$ | 431 | $ | 1,368 | $ | 2,462 | $ | 5,569 |
| You invest $10,000 in the Contract for the periods indicated and your investment has a 5% return each year. | |
| You activate the Guaranteed Lifetime Withdrawal Benefit with Spousal Continuation Rider when you purchase your Contract and the maximum Rider charge of 1.20% is incurred. | |
| The annual contract maintenance fee of $40 and Separate Account annual expenses of 1.40% are incurred. | |
| The maximum Portfolio expenses before reimbursement (1.37%) or after reimbursement (1.31%) are incurred. | |
1 year | 3 years | 5 years | 10 years | |||||||||||||
Before reimbursement |
$ | 447 | $ | 1,416 | $ | 2,493 | $ | 5,736 | ||||||||
After reimbursement |
$ | 441 | $ | 1,398 | $ | 2,462 | $ | 5,672 |
4
| You invest $10,000 in the Contract for the periods indicated and your investment has a 5% return each year. | |
| You activate the Guaranteed Lifetime Withdrawal Benefit with Spousal Continuation when you purchase your Contract and the maximum rider charge of 1.20% is incurred. | |
| The annual contract maintenance fee of $30 and Separate Account annual expenses of 1.40% are incurred. | |
| The maximum Portfolio expenses before reimbursement (1.37%) or after reimbursement (1.31%) are incurred. | |
| Table #1 assumes that you surrender your Contract at the end of the indicated period and the applicable contingent deferred sales charge is incurred. | |
| Table #2 assumes that you annuitize your Contract at the end of the indicated period or you keep your Contract and leave your money in your Contract for the entire period. |
(1) | If you surrender your Contract at the end of the period, your costs would be: |
1 year | 3 years | 5 years | 10 years | |||||||||||||
Before reimbursement |
$ | 1,137 | $ | 1,886 | $ | 2,743 | $ | 5,633 | ||||||||
After reimbursement |
$ | 1,131 | $ | 1,868 | $ | 2,712 | $ | 5,569 |
(2) | If you annuitize your Contract at the end of the period or keep your Contract for the entire period:, your cost would be |
1 year | 3 years | 5 years | 10 years | |||||||||||||
Before reimbursement |
$ | 437 | $ | 1,386 | $ | 2,443 | $ | 5,633 | ||||||||
After reimbursement |
$ | 431 | $ | 1,368 | $ | 2,412 | $ | 5,569 |
5
Guaranteed Lifetime Withdrawal Benefit | Guaranteed Minimum Withdrawal Benefit | |||
Lifetime GRIP | PayPlan | |||
What benefit does
this Rider provide?
|
This Rider provides a lifetime withdrawal Benefit, up to a certain amount each Benefit Year, even after the Contract value is zero. | This Rider provides a minimum withdrawal Benefit, up to a certain amount each Benefit Year, even after the Contract value is zero. | ||
When do Benefit
Payments begin?
|
We will make Benefit payments upon your Written Request. The Insured must be at least 55 years old on the Benefit Start Date to receive a Benefit under the Rider. | We will make Benefit payments upon your Written Request. | ||
How much are the
Benefit Payments?
|
The annual Benefit amount is a percentage of the Benefit Base Amount on the payment date. The percentage is based on the Insureds age on Benefit Start Date as follows: | The annual Benefit amount is 5% of the Benefit Base Amount on the payment date. | ||
4% if the Insured
is under age 60 |
||||
5% if the Insured is age 60 or
older |
||||
When do Benefit
Payments end?
|
Generally, all rights to take Benefit payments end when the Insured dies. | Your right to take Benefit payments will continue until the total Benefit payments equal the Benefit Base Amount. This is not a fixed period. | ||
How much does the
Rider cost?
|
The current charge for the Lifetime GRIP Rider for each Contract Year is 0.65% of the Benefit Base Amount. | The current charge for the PayPlan Rider for each Contract Year is 0.40% of the Benefit Base Amount. |
ü
|
Benefit | A guaranteed withdrawal benefit that is available under the Benefits section of the Rider. | ||
ü
|
Benefit Base Amount | The amount on which Rider charges and Benefit payments are based. | ||
ü
|
Benefit Start Date | The first day that a Benefit under the Rider is to be paid. | ||
ü
|
Benefit Year | A 12 month period beginning on the Benefit Start Date or on an anniversary of the Benefit Start Date. | ||
ü
|
Excess Withdrawal | (1) A withdrawal from the Contract after the Rider Effective Date and before the Benefit Start Date or (2) a withdrawal from the Contract on or after the Benefit Start Date to the extent that the withdrawal exceeds the Benefit amount that is available on the date of payment. A withdrawal to pay Rider charges is never considered an Excess Withdrawal. | ||
ü
|
Designated Subaccount | Each Subaccount that we designate from time to time to hold Contract values on which Benefits may be based. | ||
ü
|
Insured | The person whose lifetime is used to measure the Benefits under the Rider. The Insured is set out on the Rider specifications page. The Insured cannot be changed after the issue date of the Rider as shown on the Rider specifications page. | ||
ü
|
Rider Anniversary | The date in each year that is the annual anniversary of the Rider Effective Date. |
6
ü
|
Rider Effective Date | The Contract Effective Date or Contract Anniversary on which the Rider is activated. | ||
ü
|
Rider Year | Each 12 month period that begins on the Rider Effective Date or a Rider Anniversary. | ||
ü
|
Written Request | Information provided to us or a request made to use that is (1) complete and satisfactory to us and (2) on our form or in a manner satisfactory to us and (3) received by us at our Administrative Office. | ||
| if the Contract is a tax-qualified contract and, on the Rider Effective Date, you will be 81 years old or older (or the Annuitant will be 81 years old or older if the Contract is owned by a plan sponsor or trustee); | |
| if the Contract is a non-tax-qualified contract and, on the Rider Effective Date, you or the joint owner, if any, will be 86 years old or older (or the Annuitant will be 86 years old or older if you or a joint owner is not a human being); | |
| if the Guaranteed Minimum Withdrawal Benefit Rider is in effect; | |
| an event has occurred that would terminate the Rider; or | |
| if in the future we are no longer issuing the Rider with any new annuity contracts and we prohibit further activations on a nondiscriminatory basis. |
Ø | The Rider may not be available in all states and may not be available with Contracts issued before September 7, 2007. If your Contract was issued in connection with an employer plan, the availability of the Rider may be restricted. For additional information about the availability of the Rider, contact us at our Administrative Office, P.O. Box 5423, Cincinnati OH 45201-5423, 1-800-789-6771. |
7
| you plan on taking Excess Withdrawals from your Contract; | |
| you do not plan to take Benefit payments under the Rider for a significant period of time; or | |
| you are interested in maximizing the annuity benefit, the death benefit, or the tax-deferral nature of your Contract. |
Ø | Please review the explanation of a Written Request in the Definitions section of this prospectus. |
Ø | Additional information about the Designated Subaccounts is located in The Portfolios section of the Contract prospectus. |
8
Rollup Base Amount =
|
Account Value on Rider Effective Date + Purchase Payments received since the Rider Effective Date + Interest Proportional reductions for Excess Withdrawals |
|
Rollup Interest Credit =
|
(Account Value on Rider Effective Date + Purchase Payments received since the Rider Effective Date Fixed Account value, if any at the end of the Rider Year) x 0.05 |
| you make the Purchase Payments shown, | |
| gains, losses, and charges cause your Account Value to vary as shown, | |
| you take no withdrawals except as shown, and | |
| you elect to reset on each Rider Anniversary on which your Account Value has increased over the prior year. |
9
Assume: | Then: | |||||||||||||||||||||||
Purchase | Reset | Rollup | Rollup | Benefit | ||||||||||||||||||||
Rider | Payment or | Account | Base | Interest | Base | Base | ||||||||||||||||||
Anniversary | Withdrawal | Value | Amount | Credits | Amount | Amount | ||||||||||||||||||
0 |
$ | 100,000 | $ | 100,000 | $ | 100,000 | $ | 100,000 | ||||||||||||||||
1 |
106,000 | $ | 106,000 | $ | 5,000 | 105,000 | 106,000 | |||||||||||||||||
2 |
50,000 | 159,000 | 159,000 | 5,000 | 160,000 | 160,000 | ||||||||||||||||||
3 |
168,000 | 168,000 | 7,500 | 167,500 | 168,000 | |||||||||||||||||||
4 |
180,000 | 180,000 | 7,500 | 175,000 | 180,000 | |||||||||||||||||||
5 |
175,000 | 180,000 | 7,500 | 182,500 | 182,500 | |||||||||||||||||||
6 |
181,000 | 181,000 | 182,500 | 182,500 | ||||||||||||||||||||
7 |
186,000 | 186,000 | 182,500 | 186,000 | ||||||||||||||||||||
8 |
184,000 | 186,000 | 182,500 | 186,000 | ||||||||||||||||||||
9 |
190,000 | 190,000 | 182,500 | 190,000 |
Rider Anniversary | Rollup Base Amount Calculation | Credit Calculation | ||||||
0 | $100,000 |
|||||||
1 | $100,000 + $5,000 = $105,000 |
0.05 x $100,000 = $5,000 | ||||||
2 | $105,000 + $50,000 + $5,000 = $160,000 |
0.05 x $100,000 = $5,000 | ||||||
3 | $160,000 + $7,500 = $167,500 |
0.05 x $150,000 = $7,500 | ||||||
4 | $167,500 + $7,500 = $175,000 |
0.05 x $150,000 = $7,500 | ||||||
5 | $175,000 + $7,500 = $182,500 |
0.05 x $150,000 = $7,500 |
Assume: | Then: | |||||||||||||||||||||||
Purchase | Reset | Rollup | Rollup | Benefit | ||||||||||||||||||||
Rider | Payment or | Account | Base | Interest | Base | Base | ||||||||||||||||||
Anniversary | Withdrawal | Value | Amount | Credits | Amount | Amount | ||||||||||||||||||
0 |
$ | 100,000 | $ | 100,000 | $ | 100,000 | $ | 100,000 | ||||||||||||||||
1 |
106,000 | $ | 106,000 | $ | 5,000 | 105,000 | 106,000 | |||||||||||||||||
2 |
109,000 | 108,000 | 5,000 | 110,000 | 110,000 | |||||||||||||||||||
3 |
-23,000 | 92,000 | 86,400 | 88,000 | 88,000 | |||||||||||||||||||
4 |
98,400 | 98,400 | 88,000 | 98,400 | ||||||||||||||||||||
5 |
95,733 | 98,400 | 88,000 | 98,400 | ||||||||||||||||||||
6 |
97,333 | 98,400 | 88,000 | 98,400 | ||||||||||||||||||||
7 |
100,000 | 100,000 | 88,000 | 100,000 | ||||||||||||||||||||
8 |
98,933 | 100,000 | 88,000 | 100,000 | ||||||||||||||||||||
9 |
100,533 | 100,533 | 88,000 | 100,533 |
10
Rider Anniversary | Rollup Base Amount Calculation | Credit Calculation | ||||
0 | $100,000 |
|||||
1 | $100,000 + $5,000 = $105,000
|
0.05 x $100,000 = $5,000 | ||||
2 | $105,000 + $5,000 = $110,000
|
0.05 x $100,000 = $5,000 | ||||
3 | $110,000 $22,000 = $88,000
|
None due to withdrawal | ||||
4 | $88,000
|
None due to withdrawal | ||||
5 | $88,000
|
None due to withdrawal |
Percentage Reduction
|
1.00- ($92,000 / $92,000 + $23,000) = 1.00 0.80 = 20% | |
Rollup Base Amount Reduction
|
$110,000 x 0.20 = $22,000 | |
New Rollup Base Amount
|
$110,000 $22,000 = $88,000 |
Age of Insured on Benefit Start Date | Benefit Percentage | |||
At least age 55 but under age 60 |
4.0 | % | ||
Age 60 or older |
5.0 | % |
11
Total withdrawals for the Benefit Year |
$ | 20,000 | ||
Benefit amount for the Benefit Year |
- 6,250 | |||
Excess Withdrawal |
$ | 13,750 |
Account Value before withdrawal |
$ | 115,000 | ||
Benefit amount for the Benefit Year |
- 6,250 | |||
Account Value before Excess Withdrawal |
$ | 108,750 |
1 $95,000 Account Value immediately after the $20,000 withdrawal = 12.6437% Percentage Reduction $108,750 Account Value immediately before the Excess Withdrawal $125,000 Base Benefit Amount x 12.6437% Percentage Reduction = $15,805 Proportional Reduction |
Base Benefit Amount |
$ | 125,000 | ||
Less proportional reduction for Excess Withdrawals |
- 15,805 | |||
Base Benefit Amount reduced for Excess Withdrawals |
$ | 109,195 |
12
Base Benefit Amount after reduction |
$ | 109,195 | ||
Benefit Percentage |
x 5 | % | ||
New lifetime withdrawal Benefit amount |
$ | 5,460 |
| the amount need not meet the minimum amount for a withdrawal that is otherwise required; | |
| the amount withdrawn may reduce your Account Value below the minimum amount that is otherwise required; | |
| we will not terminate the Contract if the amount withdrawn reduces your Account Value below the minimum amount that is otherwise required; and | |
| the amount withdrawn may completely exhaust your Account Value. |
ü
|
Spousal Benefit | A Benefit available after the death of the Insured for the remaining life of the Spouse. | ||
ü
|
Spouse | The person who is the spouse of the Insured as of the Rider Effective Date. A spouse will cease to be considered the Spouse if the marriage of the Insured and Spouse is terminated by divorce, dissolution, annulment, or for other cause apart from the death of the Insured. A new spouse cannot be substituted after the Rider Effective Date. |
13
| you added the Spousal Benefit at the time that you activated the Rider; | |
| the Spouse as of the Rider Effective Date remains the Spouse of the Insured through the death of the Insured; | |
| no Death Benefit becomes payable under the Contract; and | |
| the Spouse is the sole Beneficiary and elects to become the successor owner of the Contract. |
Age of Younger of Insured or Spouse on | ||||
Benefit Start Date | Benefit Percentage | |||
At least age 55 but under age 60 |
4.0 | % | ||
Age 60 or older |
5.0 | % |
Time/Period | Transfer Rule | |
At the time of activation
|
You are not required to transfer the portion of your Fixed Account value that is then needed as collateral for a Contract loan. | |
From time to time after activation and
before the Benefit Start Date
|
We may require you to transfer the portion of your Fixed Account value that is no longer needed as collateral for a Contract loan. You must make this transfer within 30 days of our written notice to you of this requirement, or all rights under the Rider will terminate. | |
On or before the Benefit Start Date
|
You must pay off the Contract loan and transfer the portion of your Fixed Account value that is no longer needed as collateral. If you do not pay off the Contract loan and make the required transfer, all rights under the Rider will terminate. |
| upon your Written Request to decline or terminate the Rider; | |
| at any time that the Insured transfers or assigns an ownership interest in the Contract; |
14
| if you or a joint owner of the Contract is not a human being, at any time that the Insured is no longer named as an Annuitant under the Contract; | |
| upon a failure to transfer funds to a Designated Subaccount before the Rider Effective Date; | |
| upon a transfer of funds within the Contract after the Rider Effective Date to an investment option that is not a Designated Subaccount, except to the limited extent required for collateral for a loan; | |
| upon an Excess Withdrawal from the Contract that reduces the Benefit Base Amount below $1,250; | |
| upon the surrender or annuitization of the Contract; | |
| upon a death that would give rise to a Death Benefit under the Contract, unless the Spouse is the sole Beneficiary and elects to become the successor owner of the Contract; | |
| upon the death of the Insured before the Benefit Start Date; or | |
| upon the complete payment of all Benefits under the Rider. |
ü
|
Benefit | A guaranteed withdrawal benefit that is available under the Benefits section of the Rider. | ||
ü
|
Benefit Base Amount | The amount on which Rider charges and Benefit payments are based. | ||
ü
|
Benefit Start Date | The first day that a Benefit under the Rider is to be paid. | ||
ü
|
Benefit Year | A 12 month period beginning on the Benefit Start Date or on an anniversary of the Benefit Start Date. | ||
ü
|
Excess Withdrawal | (1) A withdrawal from the Contract after the Rider Effective Date and before the Benefit Start Date, or (2) a withdrawal from the Contract on or after the Benefit Start Date to the extent that the withdrawal exceeds the Benefit amount that is available on the date of payment. A withdrawal to pay Rider charges is never considered an Excess Withdrawal. | ||
ü
|
Designated Subaccount | Each Subaccount that we designate from time to time to hold Contract values on which Benefits may be based. | ||
ü
|
Rider Anniversary | The date in each year that is the annual anniversary of the Rider Effective Date. | ||
ü
|
Rider Effective Date | The Contract Effective Date or Contract Anniversary on which the Rider is activated. | ||
ü
|
Rider Year | Each 12 month period that begins on the Rider Effective Date or a Rider Anniversary. |
15
ü
|
Written Request | Information provided to us or a request made to use that is (1) complete and satisfactory to us and (2) on our form or in a manner satisfactory to us and (3) received by us at our Administrative Office |
| if the Contract is a tax-qualified contract and, on the Rider Effective Date, you will be 81 years old or older (or the Annuitant will be 81 years old or older if the Contract is owned by a plan sponsor or trustee); | |
| if the Contract is a non-tax-qualified contract and, on the Rider Effective Date, you or the joint owner, if any, will be 86 years old or older (or the Annuitant will be 86 years old or older if you or a joint owner is not a human being); | |
| if the Guaranteed Lifetime Withdrawal Benefit Rider is in effect; | |
| an event has occurred that would terminate the Rider; or | |
| if in the future we are no longer issuing the Rider with any new annuity contracts and we prohibit further activations on a nondiscriminatory basis. |
Ø | The Rider may not be available in all states and may not be available with Contracts issued before September 7, 2007. If your Contract was issued in connection with an employer plan, the availability of the Rider may be restricted. For additional information about the availability of the Rider, contact us at our Administrative Office, P.O. Box 5423, Cincinnati OH 45201-5423, 1-800-789-6771. |
16
| you plan on taking Excess Withdrawals from your Contract; | |
| you do not plan to take Benefit payments under the Rider for a significant period of time; or | |
| you are interested in maximizing the annuity benefit, the death benefit, or the tax-deferral nature of your Contract. |
Ø | Please review the explanation of a Written Request in the Definitions section of this prospectus. |
Ø | Additional information about the Designated Subaccounts is located in The Portfolios section and Appendix B of this prospectus. |
17
18
Total withdrawals for the Benefit Year |
$ | 20,000 | ||
Benefit amount for the Benefit Year |
- 6,250 | |||
Excess Withdrawal |
$ | 13,750 |
Account Value before withdrawal |
$ | 115,000 | ||
Benefit amount for the Benefit Year |
- 6,250 | |||
Account Value before Excess Withdrawal |
$ | 108,750 |
1 $95,000 Account Value immediately after the $20,000 withdrawal = 12.6437% Percentage Reduction $108,750 Account Value immediately before the Excess Withdrawal $125,000 Base Benefit Amount x 12.6437% Percentage Reduction = $15,805 Proportional Reduction |
Base Benefit Amount |
$ | 125,000 | ||
Less proportional reduction for Excess Withdrawals |
- 15,805 | |||
Base Benefit Amount reduced for Excess Withdrawals |
$ | 109,195 |
19
Base Benefit Amount after reduction |
$ | 109,195 | ||
Benefit Percentage |
x 5 | % | ||
New lifetime withdrawal Benefit amount |
$ | 5,460 | ||
Base Benefit Amount after reduction |
$ | 109,195 | ||
Less Benefits for first three Benefit Years |
- 18,750 | |||
Benefits remaining |
$ | 90,445 |
| the amount need not meet the minimum amount for a withdrawal that is otherwise required; | |
| the amount withdrawn may reduce your Account Value below the minimum amount that is otherwise required; | |
| we will not terminate the Contract if the amount withdrawn reduces your Account Value below the minimum amount that is otherwise required; and | |
| the amount withdrawn may completely exhaust your Account Value. |
20
Time/Period | Transfer Rule | |
At the time of activation
|
You are not required to transfer the portion of your Fixed Account value that is then needed as collateral for a Contract loan. | |
From time to time after activation and
before the Benefit Start Date
|
We may require you to transfer the portion of your Fixed Account value that is no longer needed as collateral for a Contract loan. You must make this transfer within 30 days of our written notice to you of this requirement, or all rights under this Rider will terminate. | |
On or before the Benefit Start Date
|
You must pay off the Contract loan and transfer the portion of your Fixed Account value that is no longer needed as collateral. If you do not pay off the Contract loan and make the required transfer, all rights under the Rider will terminate. |
| upon your Written Request to decline or terminate the Rider; | |
| upon a failure to transfer funds to a Designated Subaccount before the Rider Effective Date; | |
| upon a transfer of funds within the Contract after the Rider Effective Date to an investment option that is not a Designated Subaccount, except to the limited extent required for collateral for a loan; | |
| upon an Excess Withdrawal from the Contract that reduces the Benefit Base Amount below $1,250; | |
| upon the surrender or annuitization of the Contract; | |
| upon a death that would give rise to a Death Benefit under the Contract, unless the Spouse is the sole Beneficiary and elects to become the successor owner of the Contract; | |
| upon the death of the Insured before the Benefit Start Date; or | |
| upon the complete payment of all Benefits under the Rider. |
21
| The Registrant is responsible for the adequacy and accuracy of the disclosure in their respective filings; | ||
| Comments from the staff (the Staff) of the Securities and Exchange Commission (the Commission) or changes to disclosure in response to Staff comments in the filings reviewed by the Staff do not foreclose the Commission from taking any action with respect to the filings; and | ||
| The Registrant may not assert Staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. |
Annuity Investors Variable Account C | ||||||
By: | Annuity Investors Life Insurance Company | |||||
By: | /s/ John P. Gruber | |||||
Name: | ||||||
Its: | Senior Vice President, General Counsel & Chief Compliance Officer |