Re: | Annuity Investors Variable Account B Comments on Post-Effective Amendments filed pursuant to Section 485(a) on February 2010 Spirit Variable Annuity Contract, File No. 333-59861 |
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 Supplement: 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 one-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 |
to distribute it to the limited number of contract owners who have previously allocated funds to such investment options. With respect to the supplemental prospectus related to riders that are no longer available with the contract, the Registrant will retain this supplemental prospectus and continue to distribute it to the limited number of contract owners who purchased contracts with these riders. The Registrant believes that targeted use of these supplemental prospectuses, which is similar to the approach described in the instructions to Item 11 of Form N-4, is appropriate because this approach ensures that affected contract owners receive relevant information and unaffected contract owners are not confused by the receipt of irrelevant information. |
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 (CDSC) Table A indicates that the maximum CDSC is 7% but elsewhere in the prospectus the maximum CDSC is 8%. Please reconcile the discrepancy. |
Response: | The Registrant has reconciled the differences and confirmed that the maximum CDSC is 7%. |
9. | Expense Tables Table A: Contract Owner Transaction Expenses (CDSC) Please add a footnote to Contingent Deferred Sales Charge in the table that provides (a) that the CDSC will be waived under certain circumstances, (b) includes a cross-reference to the Charges section of the prospectus and (c) if accurate, confirm that the CDSC will be charged when the contract is annuitized. |
Response: | The Registrant has added a footnote to Maximum Contingent Deferred Sales Charges in Table A that provides additional information about CDSCs, including that the CDSC may be waived under certain circumstances. In addition, a cross-reference to the Charges and Deductions section of the prospectus was included in the new footnote. The CDSC does not apply to any annuitization under the Contract. |
10. | 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. |
11. | 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. |
12. | 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. |
13. | 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 clarify any references to minimum Separate Account annual expenses or maximum Separate Account annual expenses. |
14. | Examples From a review of the examples, the Staff assumes that the CDSC is imposed upon annuitization. Please direct the Staff to the disclosure in the prospectus of the imposition of the CDSC upon annuitization. In addition, if such disclosure is not included in the prospectus, please add the appropriate disclosure regarding the imposition of the CDSC upon annuitization. |
Response: | The CDSC does not apply to any annuitization under the contracts. The Registrant has revised the Examples section to specifically indicate whether the CDSC applies to the transactions illustrated in each of the examples. |
15. | 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. |
16. | 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. |
17. | Purchase Payments and Allocation to Investment Options In the opening paragraph, please add a cross-reference to the Automatic Transfer Programs. |
Response: | The Registrant has added the requested cross-reference. |
18. | Purchase Payments and Allocation to Investment Options Please capitalize the term Good Order throughout the prospectus. |
Response: | The Registrant has capitalized the term Good Order throughout the prospectus. |
19. | Purchase Payments and Allocation to Investment Options 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. |
20. | Purchase Payments and Allocation to Investment Options 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. |
21. | Principal Guarantee Program Please provide an example as to how the Principal Guarantee Program works. |
Response: | The Registrant will add an example describing the program. |
22. | 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. |
23. | Charges and Deductions CDSC Please indicate if the CDSC will be deducted from the amount withdrawn or from the remaining contract value and please clarify whether the CDSC is assessed versus the oldest premium payments first. |
Response: | In the Charges and Deductions section of the prospectus, the Registrant has added a new paragraph labeled Deductions for Contingent Deferred Sales Charges When You Make a Withdrawal, where the Registrant explains that the CDSC will be deducted from the remaining contract value and provides and example. In addition, the Registrant has added the following statement for clarification: For purposes of calculating the CDSC, we process withdrawals against purchase payments in the order in which we receive them. |
24. | 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. |
25. | Withdrawals and Surrenders Please clarify whether the partial surrender amount will be reduced by any applicable CDSC and please add a plain English description for the term first-in, first-out. |
Response: | The Registrant added a statement that the CDSC will be deducted from the remaining contract value and inserted a cross-reference to the Deductions for Contingent Deferred Sales Charges section of the prospectus. In addition, the Registrant has deleted the reference to first in, first out and substituted the following text: in the order in which we receive them. |
26. | Long-Term Care Waiver Rider Please clarify the method by which the Long-Term Care Waiver Rider is selected. |
Response: | The Long-Term Care Waiver Rider is automatically provided with all contracts, unless it is not available in the applicable state. |
27. | 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 has added language that clarifies that a plan administrator or other third party may require that an interest rate greater than 8% be charged for contract loans. |
28. | 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. |
29. | 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 the Account Value of the Contract because the collateral cannot be suballocated to the Subaccounts or the Fixed Account guarantee periods. The longer the loan is outstanding, the greater the effect is likely to be. This effect could be favorable or unfavorable. |
30. | 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. |
31. | Accumulation Period 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. |
32. | 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. |
33. | Death Benefit Amount Please add language that provides a contract owner with a more specific means to determine which death benefit version is applicable and available. |
Response: | The Registrant has added language to allow the contract owner to determine which death benefit version is applicable and available. |
34. | 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. |
35. | Death Benefit Amount Please provide examples of the available death benefit amounts and include the effect of a partial surrender/withdrawal on such amounts. |
Response: | The Registrant has added examples describing the available death benefit amounts. |
36. | Death Benefit Amount Please clarify why the prospectus refers to a 1998 version and whether it is a subset of one of the other three versions or is a fourth version. |
Response: | The Registrant will clarify whether the 1998 version is another version or is an inadvertent reference that will be deleted. |
37. | Death Benefit Version 3 Please delete the paragraph between the italicized paragraph in the discussion of Death Benefit version 3 and the applicable formula. |
Response: | The Registrant has deleted the referenced paragraph from the prospectus. |
38. | 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. |
39. | 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. |
40. | 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. |
41. | 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. |
42. | 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. |
43. | 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. |
44. | 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 Registrant has added the following statement to the prospectus: For example, if extent economic conditions arise such that the impact of short-term trading is benign or a positive, the Company may allow it. |
45. | 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 each supplemental prospectus. |
46. | 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 sin the prospectus will also be made to the closed funds supplemental prospectus to the extent applicable. |
47. | Prospectus Supplement: Fixed Account Please clarify why the Fixed Account One Year guarantee period option continues to be discussed if it has not been available since 2007. |
Response: | The Registrant has moved the information about the Fixed Account One Year Guarantee Period option to the prospectus. The disclosure continues to indicate that transfers to this option are not currently permitted. The Registrant retained the information about this option in the prospectus because, as permitted by the Advantage contract, the Registrant could open this option to transfers at some point in the future. |
48. | 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. |
49. | 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. |
50. | 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. |
51. | 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. |
52. | Prospectus Supplement: Enhanced Death Benefit Rider The supplemental prospectus states that the amount is increased by interest, if any. Please clarify why and when interest would not be credited. |
Response: | The Registrant has added a statement clarifying when interest will be credited to increase the potential death benefit amount. |
53. | Prospectus Supplement: Enhanced Death Benefit Rider Please provide an example of the death benefit with the rider included and include the effect of a partial surrender/withdrawal on such amounts. |
Response: | The Registrant has added the requested example. |
54. | Prospectus Supplement: Enhanced Death Benefit Rider 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. |
| 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 | ||||
* | The full legal name of Invesco Variable Insurance Funds is AIM Variable Insurance Funds (Invesco Variable Insurance Funds). |
| 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. |
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| 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. |
| Fixed Accumulation Account Option | ||
| Three-Year Guaranteed Interest Rate Option | ||
| One-Year Guaranteed Interest Rate Option | ||
| Five-Year Guaranteed Interest Rate Option | ||
| Seven-Year Guaranteed Interest Rate Option |
| 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 |
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| complete and satisfactory to us; |
| 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 |
Current | Maximum | |||||||
Maximum Contingent Deferred Sales Charge (as to purchase payments only)(1) |
7.00 | % | 7.00 | % | ||||
Transfer Fee(2) |
$ | 25 | $ | 30 | ||||
Annual Automatic Transfer Program Fee |
None | $ | 30 | |||||
Annual Systematic Withdrawal Fee |
None | $ | 30 | |||||
Loan Interest Spread(3) |
3.00 | % | 5.00 | % |
(1) | The contingent deferred sales charge is calculated as a percentage of Purchase Payments withdrawn or surrendered. This charge applies to each Purchase Payment separately. The charge on each Purchase Payment decreases to zero after 7 years. We may waive the contingent deferred sales charge under certain circumstances. See the Charges and Deductions section of this prospectus for more information about the contingent deferred sales charge and the circumstances in which it may be waived. | |
(2) | The transfer fee currently applies to transfers in excess of 12 in any Contract Year. |
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(3) | 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%. |
Enhanced Group | ||||||||||||
Version with | ||||||||||||
Standard | Enhanced Group | Administration | ||||||||||
Version* | Version* | Charge Waived* | ||||||||||
Annual Contract Maintenance Fee |
$ | 30 | $ | 30 | $ | 30 | ||||||
Separate Account Annual Expenses |
||||||||||||
Mortality and Expense Risk Charge |
1.25 | % | 0.95 | % | 0.95 | % | ||||||
Administration Charge
When we also expect to
incur reduced administrative
expenses, we may waive the
Administration Charge |
0.15 | % | 0.15 | % | 0.00 | % | ||||||
Total Separate Account Annual Expenses |
1.40 | % | 1.10 | % | 0.95 | % |
* | All contract owners may receive the standard version of the Contract. Certain groups that meet higher underwriting or other criteria may be eligible to obtain the enhanced group version of the Contract. When we also expect to incur reduced administrative expenses, we may also waive the Administration Charge. |
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. |
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| 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 ($30), the maximum Separate Account annual expenses (1.40%), the maximum rider charge of 1.20% and the maximum Portfolio expenses are incurred (1.37% before reimbursement or 1.31% after reimbursement). |
1 year | 3 years | 5 years | 10 years | |||||||||||||
Before reimbursement |
$ | 1,015 | $ | 1,509 | $ | 2,097 | $ | 4,248 | ||||||||
After reimbursement |
$ | 1,009 | $ | 1,490 | $ | 2,064 | $ | 4,176 |
1 year | 3 years | 5 years | 10 years | |||||||||||||
Before reimbursement |
$ | 315 | $ | 1,009 | $ | 1,797 | $ | 4,248 | ||||||||
After reimbursement |
$ | 309 | $ | 990 | $ | 1,764 | $ | 4,176 |
| 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 ($30), the maximum Separate Account annual expenses (1.40%), and the minimum Portfolio expenses are incurred (0.29%). |
1 year | 3 years | 5 years | 10 years | |||||||||||||
$ | 905 | $ | 1,162 | $ | 1,488 | $ | 2,867 |
1 year | 3 years | 5 years | 10 years | |||||||||||||
$ | 205 | $ | 662 | $ | 1,188 | $ | 2,867 |
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| 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. |
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 the Owner dies during the Accumulation Period. |
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| a transfer fee for certain transfers among investment options; |
| an annual contract maintenance fee, which is assessed only against investments 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 (this charge may never be entirely waived); |
| an administration charge, which is an expense of the Separate Account and charged against all assets in the Subaccounts; and |
| premium taxes, if any. |
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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 | |||
Invesco V.I. Small Cap Equity Fund
|
Series I | Invesco Advisors, Inc. | Domestic equity: Small blend |
12
SHARE | ||||||
PORTFOLIO | CLASS | ADVISOR | INVESTMENT CATEGORY | |||
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. |
13
| Fixed Accumulation Account Option | ||
| Fixed Account Option One-Year Guarantee Period | ||
| Fixed Account Option Three-Year Guarantee Period | ||
| Fixed Account Option Five-Year Guarantee Period | ||
| Fixed Account Option Seven-Year Guarantee Period |
14
Tax-Qualified | Non-Tax-Qualified | |||
Minimum initial purchase payment |
$2,000 | $5,000 | ||
Minimum monthly payments under periodic payment program |
$50 | $100 | ||
Minimum additional payments |
$50 | $50 | ||
Maximum single purchase payment |
$500,000 or Company approval | $500,000 or Company approval |
Tax-Qualified and Non-Tax-Qualified | ||
Minimum allocation to any
Subaccount |
$10 | |
Minimum allocation to Fixed
Accumulation Account |
$10 |
15
Tax-Qualified and Non-Tax-Qualified | ||
Minimum allocation to a
Fixed Account option with a
guarantee period |
$2,000 No amounts may be allocated to a guarantee period option which would extend beyond the Annuity Commencement Date. |
|
Allocations to either Five-Year Guaranteed Interest Rate Option or Seven-Year Guaranteed Interest Rate Option |
For Contracts issued after May 1, 2004 for states where the Company has received regulatory approval, amounts may be allocated to the Five-Year Guaranteed Interest Rate Option and the Seven-Year Guaranteed Interest Rate Option only during the first contract year. | |
Allocation during right to cancel period |
No current restrictions, however, 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 Charge
|
Offset expenses incurred by the Company in the sale of the Contracts, including commissions paid and costs of sales literature. | |
Amount of Charge
|
Up to 7% of each purchase payment withdrawn from the Contract depending on number of years elapsed since receipt of the purchase payment. |
Number of full
years elapsed
between date of
receipt of purchase
payment and date
request for
withdrawal or
surrender received |
0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | + | |||||||||||||||||||||||
CDSC as a
percentage of
purchase payment
withdrawn or
surrendered |
7 | % | 6 | % | 5 | % | 4 | % | 3 | % | 2 | % | 1 | % | 0 | % |
When and How
Deducted
|
On surrenders or withdrawals of Purchase Payments, not earnings, during Accumulation Period. For purposes of calculating the CDSC, we process full or partial surrenders against purchase payments in the order in which we receive them. |
16
Waivers
|
Free withdrawal privilege. See the Surrender and Withdrawals section of this prospectus for
information.
In the Companys discretion where the Company incurs reduced sales and servicing expenses.
Upon separation from service if Contract issued with employer plan endorsement or deferred
compensation endorsement.
If the Contract is issued with a tax-sheltered annuity endorsement (and without an employer
plan endorsement): (i) upon separation from service if Owner has attained age 55 and Contract has
been in force for at least seven years; or (ii) after Contract has been in force ten years or more.
Long-term care waiver rider. See the Surrender and Withdrawals section of this prospectus
for information.
If the Social Security Administration determines after the Contract is issued that the Owner
is disabled as that term is defined in the Social Security Act of 1935, as amended.
Where required to satisfy state law or required for participation in certain retirement
plans. |
Purpose of Charge
|
Offset expenses incurred in issuing the Contracts and in maintaining the Contracts and the Separate Account. | |
Amount of Charge
|
$30.00 per year. | |
When and How
Deducted
|
During the Accumulation Period, the charge is deducted pro rata from amounts invested in the Subaccounts on each anniversary of the effective date of the Contract, and at time of surrender. During the Benefit Payment Period, a portion of the charge is deducted from each variable dollar benefit payment. | |
Waivers
|
During the Accumulation Period if the Account Value is at least $40,000 on the date the
charge is due (individual contracts only).
During the Benefit Payment Period if the amount applied to a variable dollar benefit is
at least $40,000 (individual contracts only).
In the Companys discretion where the Company incurs reduced sales and servicing
expenses.
During the Benefit Payment Period where required to satisfy state law. |
Purpose of Charge
|
Offset cost incurred in administering the Contracts. | |
Amount of Charge
|
$25 for each transfer in excess of 12 in any contract year. The Company reserves the right to change the amount of this charge at any time or the number of transfers that can be made without incurring the transfer fee. The maximum amount of the fee that the Company would impose on a transfer is $30. | |
When and How
Deducted
|
During the Accumulation Period, the fee is deducted 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 free transfers permitted in a contract year. The Company reserves the right to eliminate this waiver at any time. |
Purpose of Charge
|
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%. |
17
When and How
Deducted
|
During the Accumulation Period and during the Benefit Payment Period if a variable dollar benefit is elected, the charge is deducted from amounts invested in the Subaccounts. | |
Waivers
|
May be waived or reduced in the Companys discretion where the Company incurs reduced sales and servicing expenses. |
Purpose of Charge
|
Compensation for bearing certain mortality and expense risks under the Contract. Mortality risks arise from the Companys obligation to make benefit payments during the Benefit Payment Period and to pay the death benefit. The expense risk assumed by the Company is the risk that the Companys actual expenses in administering the Contracts and the Separate Account will 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
|
During the Accumulation Period, and during the Benefit Payment Period if a variable dollar benefit is elected, the charge is deducted from amounts invested in the Subaccounts. | |
Waivers
|
When the Company expects to incur reduced sales and servicing expenses with respect to a group contract, it may issue a Contract with a reduced mortality and expense risk charge. These Contracts are referred to as Enhanced Group Versions of the Contract The mortality and expense risk charge under an Enhanced Contract is 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%. |
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 |
The amount contained in the maturing Fixed Account option with guarantee period. | |
guarantee period |
||
- Non-Maturing Fixed Account option with |
During any contract year, 20% of the Fixed Account options value as of the most recent contract anniversary without penalty. | |
guarantee period |
||
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 |
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. | |
Account option with guarantee period |
19
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. Interest sweep is not available from the Seven-Year Guaranteed Interest Rate Option if the Principal Guarantee Program is selected. |
20
Tax-Qualified | Non-Tax-Qualified | |||||
Minimum amount of withdrawal
|
$500 | $500 | ||||
Minimum remaining Surrender Value after withdrawal
|
$500 | $500 | ||||
Amount available for surrender or
withdrawal (valued as of end of Valuation Period in which request for surrender or withdrawal is received by the Company) |
Account Value, subject to tax law or employer plan restrictions on withdrawals or surrenders | Account Value, subject to employer plan restrictions on withdrawals | ||||
Tax-Qualified and Non-Tax-Qualified | ||||||
Tax penalty for early withdrawal | When
applicable, 10% of amount distributed before age 59 1/2 (25% for
certain SIMPLE IRAs) |
|||||
Contract maintenance fee on surrender | $30 (no CDSC applies to fee) | |||||
Contingent deferred sales charge (CDSC) | Up to 7% of purchase payments | |||||
Order of withdrawal for purposes of CDSC (order may be different for tax purposes) | First from accumulated earnings (no CDSC applies) and then from purchase payments in the order in which we receive them (CDSC may apply) |
21
| 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%. |
22
23
1) | all Group and Individual Contracts issued in any state after May 1, 2006 (except for Minnesota for Group and Individual Contracts until the 2003 Death Benefit Endorsement is approved for that Contract in that state); and |
2) | all Group and Individual Contracts issued prior to May 1, 2006 but after the 2003 Death Benefit Endorsement was approved in the state where the Contract was issued. |
1) | the Account Value on the Death Benefit Valuation Date; or |
2) | the total of all your purchase payments, reduced proportionally for partial surrenders; or |
3) | the Historic High Value. |
1) | all Individual Contracts issued in Minnesota after the 2000 Death Benefit Endorsement was approved but before the 2003 Death Benefit Endorsement was approved; and |
2) | all Individual Contracts issued in any state (except Oregon, South Carolina or Washington) after the 2000 Death Benefit Endorsement was approved, but before the 2003 Death Benefit Endorsement was approved in the state where the Contract was issued. |
24
1) | the Account Value on the Death Benefit Valuation Date; or |
2) | the Minimum Death Benefit; or |
3) | the Historic High Value; |
1
|
$ | 80,000 | Account Value immediately after withdrawal | = 11.1111% | Percentage | |||||
$ | 90,000 | Account Value immediately before withdrawal | Reduction |
$100,000
|
Purchase Payments | x 11.1111% | Percentage Reduction | = $11,111 | Proportional Reduction |
Purchase Payments |
$ | 100,000 | ||
Less proportional reduction for withdrawals |
11,111 | |||
Purchase Payments reduced for withdrawals |
$ | 88,889 |
25
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 |
1) | all Individual Contracts issued in Oregon, South Carolina or Washington before the 2003 Death Benefit Endorsement was approved in those states; |
2) | all Individual Contracts issued in all other states before the 2000 Death Benefit Endorsement was approved by those states; and |
3) | all Group Contracts issued in any state before the 2003 Death Benefit Endorsement was approved in the state where the Contract was issued. |
1) | The Account Value on the Death Benefit Valuation Date |
2) | The total purchase payment(s), with interest at three percent (3%) per year through the Death Benefit Valuation Date or the Owners 80th birthday if earlier, compounded annually, less any partial surrenders and any contingent deferred sales charges that applied to those amounts |
3) | The largest Account Value on any contract anniversary after the fourth contract anniversary and prior to the Death Benefit Valuation Date or the Owners 80th birthday if earlier, less any partial surrenders and any contingent deferred sales charges that applied to those amounts. |
Purchase Payments |
$ | 100,000 | ||
Plus 3% annual interest |
||||
Less withdrawals |
-10,000 | |||
Less CDSC |
| |||
Purchase Payments reduced for withdrawals |
$ |
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. |
27
| 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. |
28
| 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, 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 daily investment factor and the assumed interest rate also affect the amount by which variable dollar payments increase or decrease. |
29
30
31
32
* | Neither the Owner nor Payee has any interest in the Separate Account during the Benefit Payment Period. Benefit Units are merely a measure of the amount of the payment the Company is obligated to pay on each payment date. |
33
34
35
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. |
36
37
Annuity Investors Life Insurance Company |
3 | |||
General Information and History |
3 | |||
State Regulations |
3 | |||
Portfolios |
3 | |||
General Information |
3 | |||
Revenue We Receive from the Portfolios and/or Their Service Providers |
4 | |||
Services |
4 | |||
Safekeeping of Separate Account Assets |
4 | |||
Records and Reports |
4 | |||
Experts |
4 | |||
Distribution of the Contracts |
4 | |||
Compensation Paid to GAA |
4 | |||
Additional Compensation Paid to Selected Selling Firms |
5 | |||
Performance Information |
5 | |||
Standardized Total ReturnAverage Annual Total Return |
6 | |||
Adjusted Historical Total Return |
6 | |||
Non-Standardized Total ReturnCumulative Total Return |
6 | |||
Standardized Yield for the Money Market Subaccount |
7 | |||
Benefit Unit Transfer Formulas |
7 | |||
Glossary of Financial Terms |
8 | |||
Federal Tax Matters |
9 | |||
Taxation of Separate Account Income |
9 | |||
Tax Deferral on Non-Tax-Qualified Contracts |
10 | |||
Financial Statements |
10 |
| 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: | ||
38
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 | ||||||
American Century VP Large Company Value Fund-Class I Shares (Inception Date 12/1/2004) | ||||||||||||
8.901355 | 251,200.267 | 9.040175 | 408.687 | 9.110166 | 276.061 | 12/31/09 | ||||||
7.520419 | 292,792.476 | 7.614507 | 586.278 | 7.661835 | 212.809 | 12/31/08 | ||||||
12.161971 | 382,937.244 | 12.276538 | 562.471 | 12.334045 | 161.673 | 12/31/07 | ||||||
12.494572 | 420,902.275 | 12.573776 | 280.955 | 12.613437 | 125.863 | 12/31/06 | ||||||
10.560864 | 99,384.541 | 10.595660 | 82.915 | 10.613037 | 0.000 | 12/31/05 | ||||||
10.216542 | 36,701.792 | 10.219180 | 0.000 | 10.220496 | 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 | 12.549202 | 0.000 | 12/31/09 | ||||||
9.570065 | 643,576.702 | 9.689796 | 2,128.521 | 9.749980 | 0.000 | 12/31/08 | ||||||
12.830516 | 824,409.182 | 12.951404 | 1,978.442 | 13.012035 | 0.000 | 12/31/07 | ||||||
13.320957 | 911,824.088 | 13.405406 | 2,031.092 | 13.447669 | 0.000 | 12/31/06 | ||||||
11.229852 | 114,376.075 | 11.266849 | 132.931 | 11.285315 | 0.000 | 12/31/05 | ||||||
10.395465 | 24,970.228 | 10.398152 | 0.000 | 10.399486 | 0.000 | 12/31/04 | ||||||
American Century VP Ultra® Fund-Class I Shares (Inception Date 12/1/2004) | ||||||||||||
9.109140 | 465,662.403 | 9.251218 | 7,296.322 | 9.322807 | 399.260 | 12/31/09 | ||||||
6.869832 | 518,640.998 | 6.955803 | 7,329.338 | 6.999024 | 297.949 | 12/31/08 | ||||||
11.906808 | 575,813.493 | 12.019004 | 7,031.090 | 12.075286 | 130.840 | 12/31/07 | ||||||
9.979396 | 707,542.380 | 10.042693 | 8,378.330 | 10.074375 | 485.952 | 12/31/06 | ||||||
10.463493 | 32,615.015 | 10.497965 | 0.000 | 10.515180 | 411.819 | 12/31/05 | ||||||
10.386756 | 598.086 | 10.389435 | 0.000 | 10.390771 | 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 | 5,350.674 | 10.281743 | 231.050 | 12/31/09 | ||||||
8.319404 | 826,352.105 | 8.423513 | 8,326.352 | 8.475842 | 201.267 | 12/31/08 | ||||||
16.424171 | 915,985.190 | 16.578885 | 8,152.670 | 16.656480 | 192.517 | 12/31/07 | ||||||
11.918299 | 976,806.445 | 11.993889 | 11,321.554 | 12.031706 | 181.135 | 12/31/06 | ||||||
11.088360 | 79,780.294 | 11.124884 | 0.000 | 11.143119 | 21.514 | 12/31/05 | ||||||
10.399373 | 4,938.285 | 10.402055 | 0.000 | 10.403392 | 21.514 | 12/31/04 | ||||||
Calamos Growth and Income Portfolio (Inception Date 5/1/2007) | ||||||||||||
9.633554 | 118,358.600 | 9.712245 | 339.368 | 9.751667 | 0.000 | 12/31/09 | ||||||
7.007788 | 111,399.974 | 7.043597 | 429.616 | 7.061494 | 0.000 | 12/31/08 | ||||||
10.412111 | 51,983.045 | 10.433387 | 230.905 | 10.443994 | 0.000 | 12/31/07 | ||||||
Davis Value Portfolio (Inception Date 5/1/2007) | ||||||||||||
7.559947 | 190,658.865 | 7.621755 | 2,583.968 | 7.652717 | 1,955.888 | 12/31/09 | ||||||
5.845926 | 154,220.486 | 5.875823 | 945.382 | 5.890766 | 1,230.299 | 12/31/08 | ||||||
9.935864 | 36,509.854 | 9.956171 | 13.838 | 9.966295 | 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 | 7.374033 | 0.000 | 12/31/09 | ||||||
5.459428 | 6,054.670 | 5.487338 | 0.000 | 5.501304 | 0.000 | 12/31/08 | ||||||
9.297957 | 1,976.759 | 9.316963 | 0.000 | 9.326448 | 0.000 | 12/31/07 | ||||||
Dreyfus IP Technology Growth Portfolios-Initial Shares (Inception Date 12/1/2004) | ||||||||||||
10.895130 | 997,390.377 | 11.065036 | 4,874.101 | 11.150653 | 818.657 | 12/31/09 | ||||||
7.008211 | 1,051,298.784 | 7.095896 | 4,912.351 | 7.139993 | 786.393 | 12/31/08 | ||||||
12.085181 | 1,154,532.874 | 12.199017 | 4,614.070 | 12.256148 | 568.074 | 12/31/07 | ||||||
10.684409 | 1,309,668.746 | 10.752145 | 7,254.620 | 10.786066 | 493.194 | 12/31/06 | ||||||
10.388053 | 32,100.558 | 10.422269 | 0.000 | 10.439369 | 20.730 | 12/31/05 | ||||||
10.151024 | 198.889 | 10.153642 | 0.000 | 10.154947 | 20.730 | 12/31/04 |
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 Dreyfus Socially Responsible Growth Fund, Inc.-Initial Shares (Inception Date 7/15/1997) | ||||||||||||
10.287151 | 560,684.875 | 10.679251 | 7,795.056 | 10.880630 | 0.000 | 12/31/09 | ||||||
7.800236 | 579,088.137 | 8.072969 | 7,715.712 | 8.212751 | 0.000 | 12/31/08 | ||||||
12.064814 | 630,147.828 | 12.448556 | 6,547.156 | 12.644827 | 0.000 | 12/31/07 | ||||||
11.353220 | 701,011.037 | 11.678582 | 5,863.440 | 11.844662 | 0.000 | 12/31/06 | ||||||
10.543914 | 795,479.598 | 10.813247 | 5,790.816 | 10.950470 | 0.000 | 12/31/05 | ||||||
10.320091 | 913,267.538 | 10.551666 | 5,286.547 | 10.669460 | 0.000 | 12/31/04 | ||||||
9.854396 | 925,266.631 | 10.045110 | 4,815.599 | 10.141935 | 0.000 | 12/31/03 | ||||||
7.930106 | 960,232.146 | 8.059684 | 3,420.290 | 8.125307 | 0.000 | 12/31/02 | ||||||
11.317226 | 1,066,026.751 | 11.468022 | 1,578.746 | 11.544188 | 0.000 | 12/31/01 | ||||||
14.823134 | 894,007.973 | 14.975835 | 600.773 | 15.052735 | 29.856 | 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 | 12.862112 | 4,483.990 | 12/31/09 | ||||||
9.762392 | 3,356,601.303 | 10.103650 | 13,245.896 | 10.278672 | 3,454.321 | 12/31/08 | ||||||
15.752402 | 3,792,658.208 | 16.253270 | 8,643.223 | 16.509660 | 1,009.877 | 12/31/07 | ||||||
15.179498 | 4,190,418.249 | 15.614354 | 7,744.043 | 15.836519 | 532.986 | 12/31/06 | ||||||
13.328744 | 4,493,460.193 | 13.669089 | 6,535.021 | 13.842665 | 537.406 | 12/31/05 | ||||||
12.911696 | 4,792,865.682 | 13.201315 | 7,554.962 | 13.348780 | 680.516 | 12/31/04 | ||||||
11.835440 | 4,670,251.024 | 12.064404 | 9,003.839 | 12.180793 | 680.516 | 12/31/03 | ||||||
9.349226 | 4,454,143.840 | 9.501934 | 6,861.288 | 9.579380 | 3,171.095 | 12/31/02 | ||||||
12.210993 | 4,141,595.630 | 12.373650 | 4,522.004 | 12.455945 | 3,086.013 | 12/31/01 | ||||||
14.100696 | 3,598,196.884 | 14.245940 | 1,681.580 | 14.319249 | 3,844.565 | 12/31/00 | ||||||
Dreyfus VIF Appreciation Portfolio-Initial Shares (Inception Date 7/15/1997) | ||||||||||||
13.314101 | 646,153.835 | 13.821459 | 2,554.564 | 14.082019 | 53.885 | 12/31/09 | ||||||
11.017708 | 708,576.070 | 11.402845 | 3,921.416 | 11.600224 | 30.664 | 12/31/08 | ||||||
15.862343 | 863,904.016 | 16.366759 | 3,664.796 | 16.624757 | 17.568 | 12/31/07 | ||||||
15.017729 | 946,182.350 | 15.447987 | 4,551.668 | 15.667624 | 0.000 | 12/31/06 | ||||||
13.075735 | 1,005,802.778 | 13.409645 | 4,744.717 | 13.579785 | 0.000 | 12/31/05 | ||||||
12.704674 | 1,036,367.953 | 12.989662 | 6,831.224 | 13.134636 | 150.958 | 12/31/04 | ||||||
12.265787 | 936,025.635 | 12.503079 | 8,455.513 | 12.623565 | 150.958 | 12/31/03 | ||||||
10.264481 | 821,738.414 | 10.432114 | 6,651.281 | 10.517029 | 150.958 | 12/31/02 | ||||||
12.497173 | 717,965.716 | 12.663627 | 5,276.343 | 12.747715 | 150.958 | 12/31/01 | ||||||
13.974173 | 649,590.073 | 14.118110 | 3,407.753 | 14.190622 | 155.216 | 12/31/00 | ||||||
Dreyfus VIF Growth and Income Portfolio-Initial Shares (Inception Date 7/15/1997) | ||||||||||||
10.209163 | 333,618.716 | 10.598240 | 4,148.936 | 10.798137 | 4.044 | 12/31/09 | ||||||
8.039857 | 397,593.350 | 8.320928 | 3,603.879 | 8.465028 | 4.044 | 12/31/08 | ||||||
13.684704 | 484,210.513 | 14.119889 | 3,131.987 | 14.342553 | 4.044 | 12/31/07 | ||||||
12.799045 | 534,977.589 | 13.165752 | 3,400.363 | 13.353024 | 0.000 | 12/31/06 | ||||||
11.335178 | 573,338.603 | 11.624648 | 4,096.135 | 11.772215 | 0.000 | 12/31/05 | ||||||
11.122877 | 660,745.227 | 11.372419 | 5,058.158 | 11.499396 | 0.000 | 12/31/04 | ||||||
10.496627 | 594,854.140 | 10.699714 | 4,344.521 | 10.802876 | 0.000 | 12/31/03 | ||||||
8.409071 | 633,983.863 | 8.546428 | 2,655.811 | 8.616047 | 0.000 | 12/31/02 | ||||||
11.419341 | 646,842.656 | 11.571439 | 1,474.275 | 11.648352 | 0.000 | 12/31/01 | ||||||
12.299306 | 572,006.660 | 12.425981 | 906.280 | 12.489868 | 145.939 | 12/31/00 |
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 | ||||||
Dreyfus VIF Money Market Portfolio (Inception Date 7/15/1997) | ||||||||||||
1.214495 | 5,766,256.197 | 1.252565 | 45,108.568 | 1.272974 | 11,666.616 | 12/31/09 | ||||||
1.227384 | 6,894,098.095 | 1.262277 | 38,305.622 | 1.281179 | 3,284.131 | 12/31/08 | ||||||
1.216497 | 7,980,519.294 | 1.248206 | 35,610.229 | 1.265595 | 7.177 | 12/31/07 | ||||||
1.183188 | 6,426,348.042 | 1.211707 | 35,651.958 | 1.227578 | 0.000 | 12/31/06 | ||||||
1.152576 | 6,753,332.466 | 1.177927 | 40,350.784 | 1.192295 | 0.000 | 12/31/05 | ||||||
1.140557 | 5,458,310.932 | 1.162738 | 4,618.151 | 1.175604 | 0.000 | 12/31/04 | ||||||
1.146684 | 11,398,828.937 | 1.165764 | 9,040.873 | 1.177135 | 0.000 | 12/31/03 | ||||||
1.153638 | 26,597,370.970 | 1.169798 | 23,476.567 | 1.179709 | 0.000 | 12/31/02 | ||||||
1.153108 | 17,775,594.379 | 1.166325 | 15,244.920 | 1.174767 | 0.036 | 12/31/01 | ||||||
1.128116 | 7,677,545.259 | 1.138355 | 12,985.570 | 1.145310 | 280,844.647 | 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 | 10.673474 | 594.992 | 12/31/09 | ||||||
8.120054 | 592,552.159 | 8.404032 | 3,429.651 | 8.549692 | 644.201 | 12/31/08 | ||||||
13.197067 | 683,423.829 | 13.616883 | 3,292.355 | 13.831817 | 635.120 | 12/31/07 | ||||||
15.049986 | 807,530.215 | 15.481299 | 5,517.924 | 15.701713 | 516.548 | 12/31/06 | ||||||
14.708620 | 908,638.512 | 15.084331 | 6,468.518 | 15.276001 | 459.556 | 12/31/05 | ||||||
14.099077 | 919,021.905 | 14.415462 | 6,838.658 | 14.576616 | 548.248 | 12/31/04 | ||||||
12.842412 | 898,484.551 | 13.090970 | 9,249.068 | 13.217353 | 491.205 | 12/31/03 | ||||||
9.888294 | 887,931.962 | 10.049896 | 5,581.765 | 10.131883 | 471.199 | 12/31/02 | ||||||
12.397758 | 698,539.631 | 12.563024 | 2,568.238 | 12.646674 | 229.386 | 12/31/01 | ||||||
13.391746 | 482,890.909 | 13.529796 | 1,048.292 | 13.599519 | 375.159 | 12/31/00 | ||||||
DWS Small Cap Index VIP Fund-Class A (Inception Date 5/1/1999) | ||||||||||||
13.579609 | 294,557.144 | 14.022277 | 171.426 | 14.248812 | 327.071 | 12/31/09 | ||||||
10.880984 | 299,117.876 | 11.201557 | 217.385 | 11.365292 | 232.865 | 12/31/08 | ||||||
16.753029 | 419,825.549 | 17.193942 | 153.623 | 17.418714 | 103.383 | 12/31/07 | ||||||
17.321028 | 452,371.808 | 17.722591 | 276.237 | 17.926929 | 73.897 | 12/31/06 | ||||||
14.951171 | 417,983.505 | 15.251478 | 151.892 | 15.404037 | 57.528 | 12/31/05 | ||||||
14.543337 | 347,239.433 | 14.790573 | 44.787 | 14.915983 | 36.274 | 12/31/04 | ||||||
12.525203 | 434,240.830 | 12.699687 | 8.778 | 12.788062 | 144.907 | 12/31/03 | ||||||
8.673629 | 165,980.862 | 8.768488 | 0.000 | 8.816430 | 4.364 | 12/31/02 | ||||||
11.074827 | 153,151.939 | 11.162755 | 54.021 | 11.207088 | 272.943 | 12/31/01 | ||||||
11.003134 | 83,894.729 | 11.057432 | 8.017 | 11.084755 | 95.772 | 12/31/00 | ||||||
Ibbotson Balanced ETF Asset Allocation Portfolio-Class II (Inception Date 5/1/2007) | ||||||||||||
8.907869 | 186,322.194 | 8.980628 | 1,219.928 | 9.017101 | 1,018.156 | 12/31/09 | ||||||
7.558919 | 107,236.129 | 7.597522 | 1,051.150 | 7.616827 | 0.000 | 12/31/08 | ||||||
10.093988 | 48,022.988 | 10.114606 | 801.436 | 10.124902 | 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 | 10.344203 | 152.048 | 12/31/09 | ||||||
9.572516 | 57,711.154 | 9.621357 | 1,052.032 | 9.645794 | 0.000 | 12/31/08 | ||||||
10.331779 | 12,429.371 | 10.352868 | 798.961 | 10.363409 | 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 | 8.383881 | 10,991.398 | 12/31/09 | ||||||
6.738875 | 162,988.155 | 6.773305 | 1,058.808 | 6.790527 | 4,389.235 | 12/31/08 | ||||||
9.994910 | 55,891.199 | 10.015324 | 805.328 | 10.025519 | 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 | 9.641793 | 14,836.552 | 12/31/09 | ||||||
8.526582 | 35,362.381 | 8.570101 | 1,302.787 | 8.591886 | 18.461 | 12/31/08 | ||||||
10.193054 | 9,987.815 | 10.213871 | 805.937 | 10.224263 | 0.000 | 12/31/07 |
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. Capital Development Fund-Series I Shares (Inception Date 12/1/2004) | ||||||||||||
10.360399 | 881,089.599 | 10.521990 | 8,898.877 | 10.603442 | 2,860.529 | 12/31/09 | ||||||
7.380463 | 946,895.438 | 7.472825 | 8,104.862 | 7.519284 | 1,562.789 | 12/31/08 | ||||||
14.131174 | 1,085,589.211 | 14.264320 | 5,721.311 | 14.331134 | 89.361 | 12/31/07 | ||||||
12.930724 | 1,168,401.050 | 13.012710 | 6,948.243 | 13.053761 | 30.786 | 12/31/06 | ||||||
11.254617 | 16,459.887 | 11.291687 | 1,008.183 | 11.310210 | 0.000 | 12/31/05 | ||||||
10.413665 | 2,721.825 | 10.416351 | 0.000 | 10.417688 | 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 | 5,064.866 | 10.212277 | 120.484 | 12/31/09 | ||||||
7.938572 | 737,379.930 | 8.003616 | 5,312.221 | 8.036226 | 61.410 | 12/31/08 | ||||||
11.525903 | 807,450.262 | 11.584894 | 4,107.964 | 11.614400 | 15.286 | 12/31/07 | ||||||
10.812798 | 946,182.515 | 10.834974 | 3,675.733 | 10.846037 | 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 | 5.309402 | 340.535 | 12/31/09 | ||||||
4.063096 | 166,382.593 | 4.158185 | 2,546.957 | 4.206499 | 222.160 | 12/31/08 | ||||||
10.161746 | 160,195.947 | 10.367656 | 1,986.127 | 10.472081 | 148.794 | 12/31/07 | ||||||
13.250780 | 177,386.400 | 13.477974 | 2,490.821 | 13.592983 | 112.573 | 12/31/06 | ||||||
11.540835 | 198,663.153 | 11.703172 | 1,383.076 | 11.785233 | 75.651 | 12/31/05 | ||||||
11.051409 | 208,252.570 | 11.172949 | 256.950 | 11.234312 | 28.405 | 12/31/04 | ||||||
10.313195 | 157,061.561 | 10.395135 | 38.751 | 10.436461 | 0.000 | 12/31/03 | ||||||
8.070175 | 118,822.635 | 8.110243 | 0.000 | 8.130414 | 0.000 | 12/31/02 | ||||||
9.616190 | 71,816.401 | 9.635286 | 0.000 | 9.644875 | 0.000 | 12/31/01 | ||||||
Invesco V.I. Global Health Care Fund-Series I Shares (Inception Date 5/1/2001) | ||||||||||||
10.955003 | 274,749.744 | 11.245254 | 904.173 | 11.393028 | 920.626 | 12/31/09 | ||||||
8.702188 | 313,750.756 | 8.905665 | 1,193.409 | 9.009033 | 716.591 | 12/31/08 | ||||||
12.365170 | 335,033.531 | 12.615701 | 1,151.691 | 12.742728 | 452.451 | 12/31/07 | ||||||
11.212446 | 367,788.244 | 11.404707 | 1,104.143 | 11.502013 | 305.222 | 12/31/06 | ||||||
10.805644 | 405,402.095 | 10.957652 | 948.050 | 11.034447 | 202.797 | 12/31/05 | ||||||
10.132965 | 382,011.757 | 10.244403 | 727.654 | 10.300635 | 77.557 | 12/31/04 | ||||||
9.553444 | 311,542.224 | 9.629350 | 552.891 | 9.667612 | 179.965 | 12/31/03 | ||||||
7.580976 | 210,450.701 | 7.618614 | 203.656 | 7.637544 | 0.000 | 12/31/02 | ||||||
10.175290 | 59,824.959 | 10.195475 | 0.000 | 10.205610 | 61.085 | 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 | 13.439612 | 368.140 | 12/31/09 | ||||||
8.693381 | 215,192.913 | 8.817948 | 199.476 | 8.880649 | 301.264 | 12/31/08 | ||||||
11.866015 | 246,721.437 | 11.999364 | 304.725 | 12.066339 | 232.319 | 12/31/07 | ||||||
11.887590 | 336,558.419 | 11.984482 | 257.915 | 12.033030 | 176.048 | 12/31/06 | ||||||
10.886907 | 350,885.548 | 10.942429 | 230.396 | 10.970185 | 115.761 | 12/31/05 | ||||||
10.749148 | 449,939.142 | 10.771273 | 214.851 | 10.782305 | 43.918 | 12/31/04 | ||||||
10.095432 | 859,221.923 | 10.290759 | 188.060 | 10.389982 | 0.001 | 12/31/03 | ||||||
8.186958 | 488,086.809 | 8.320679 | 169.835 | 8.388454 | 0.000 | 12/31/02 | ||||||
8.410616 | 546,183.962 | 8.522682 | 149.057 | 8.579354 | 0.000 | 12/31/01 | ||||||
10.025816 | 403,918.794 | 10.129146 | 121.262 | 10.181276 | 134.192 | 12/31/00 | ||||||
11.510803 | 221,636.210 | 11.595106 | 113.564 | 11.637523 | 0.000 | 12/31/99 |
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. Small Cap Equity Fund-Series I Shares (Inception Date 12/1/2004) | ||||||||||||
10.560052 | 233,790.333 | 10.724769 | 2,147.285 | 10.807756 | 371.211 | 12/31/09 | ||||||
8.830277 | 221,619.162 | 8.940764 | 2,135.677 | 8.996308 | 250.577 | 12/31/08 | ||||||
13.038707 | 199,548.559 | 13.161563 | 2,251.030 | 13.223189 | 83.231 | 12/31/07 | ||||||
12.572746 | 59,594.167 | 12.652463 | 552.133 | 12.692358 | 0.000 | 12/31/06 | ||||||
10.857407 | 15,527.249 | 10.893167 | 559.580 | 10.911028 | 0.000 | 12/31/05 | ||||||
10.184771 | 48.134 | 10.187404 | 0.000 | 10.188714 | 0.000 | 12/31/04 | ||||||
Invesco Van Kampen V.I. U.S. Mid Cap Value Portfolio-Series I (Inception Date 7/15/1997) | ||||||||||||
19.564836 | 405,313.835 | 20.310531 | 2,290.539 | 20.693868 | 1,127.798 | 12/31/09 | ||||||
14.254077 | 429,690.091 | 14.752454 | 5,446.869 | 15.008140 | 726.316 | 12/31/08 | ||||||
24.624489 | 546,047.920 | 25.407617 | 5,239.508 | 25.808634 | 396.489 | 12/31/07 | ||||||
23.159385 | 581,474.070 | 23.822985 | 6,217.919 | 24.162157 | 0.000 | 12/31/06 | ||||||
19.459486 | 530,733.841 | 19.956509 | 5,226.294 | 20.210094 | 0.000 | 12/31/05 | ||||||
17.572071 | 467,487.388 | 17.966354 | 4,302.132 | 18.167210 | 0.000 | 12/31/04 | ||||||
15.551851 | 417,352.873 | 15.852805 | 3,927.983 | 16.005864 | 113.080 | 12/31/03 | ||||||
11.143745 | 383,714.571 | 11.325832 | 3,089.661 | 11.418226 | 28.150 | 12/31/02 | ||||||
15.699340 | 335,452.774 | 15.908551 | 1,648.470 | 16.014471 | 28.150 | 12/31/01 | ||||||
16.438193 | 253,713.630 | 16.607603 | 650.778 | 16.693197 | 46.034 | 12/31/00 | ||||||
Invesco Van Kampen V.I. Value Portfolio-Series I (Inception Date 7/15/1997) | ||||||||||||
12.968058 | 549,162.263 | 13.462273 | 5,555.538 | 13.716224 | 1,625.303 | 12/31/09 | ||||||
10.040068 | 596,256.187 | 10.391062 | 6,775.137 | 10.571048 | 860.318 | 12/31/08 | ||||||
15.875263 | 789,939.565 | 16.380071 | 3,986.655 | 16.638432 | 279.735 | 12/31/07 | ||||||
16.611311 | 850,561.888 | 17.087197 | 6,292.311 | 17.330296 | 33.363 | 12/31/06 | ||||||
14.412225 | 863,389.460 | 14.780240 | 6,598.174 | 14.967892 | 33.363 | 12/31/05 | ||||||
13.978413 | 807,191.172 | 14.291958 | 5,717.704 | 14.451571 | 33.363 | 12/31/04 | ||||||
12.030718 | 620,028.974 | 12.263462 | 5,123.338 | 12.381730 | 33.363 | 12/31/03 | ||||||
9.098209 | 526,832.864 | 9.246820 | 3,689.937 | 9.322154 | 33.363 | 12/31/02 | ||||||
11.851536 | 401,628.667 | 12.009406 | 2,274.954 | 12.089242 | 124.533 | 12/31/01 | ||||||
11.751659 | 132,621.948 | 11.872734 | 1,233.392 | 11.933810 | 9.320 | 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 | 24.370407 | 289.077 | 12/31/09 | ||||||
18.563244 | 2,106,521.139 | 19.212030 | 10,499.537 | 19.544625 | 150.770 | 12/31/08 | ||||||
22.371024 | 2,407,948.228 | 23.082360 | 9,247.980 | 23.446278 | 130.164 | 12/31/07 | ||||||
20.527683 | 2,849,443.225 | 21.115777 | 10,256.899 | 21.416039 | 38.089 | 12/31/06 | ||||||
18.802986 | 3,224,954.488 | 19.283124 | 11,389.809 | 19.527811 | 39.724 | 12/31/05 | ||||||
17.664922 | 3,596,278.746 | 18.061165 | 13,350.072 | 18.262753 | 171.888 | 12/31/04 | ||||||
16.507560 | 3,685,075.400 | 16.826897 | 19,069.761 | 16.989064 | 171.888 | 12/31/03 | ||||||
14.676594 | 3,702,620.254 | 14.916257 | 13,120.266 | 15.037669 | 1,282.216 | 12/31/02 | ||||||
15.907374 | 3,578,735.833 | 16.119263 | 9,654.166 | 16.226337 | 1,282.216 | 12/31/01 | ||||||
16.920712 | 3,181,464.624 | 17.095024 | 6,533.026 | 17.182875 | 1,437.831 | 12/31/00 |
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 | ||||||
Janus Aspen Enterprise Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||
16.896627 | 773,505.725 | 17.540879 | 10,917.383 | 17.871563 | 311.037 | 12/31/09 | ||||||
11.832549 | 844,041.239 | 12.246416 | 11,363.637 | 12.458395 | 244.854 | 12/31/08 | ||||||
21.325158 | 959,193.271 | 22.003604 | 11,623.480 | 22.350394 | 223.145 | 12/31/07 | ||||||
17.723408 | 1,111,731.741 | 18.231471 | 15,635.292 | 18.490639 | 198.823 | 12/31/06 | ||||||
15.820887 | 1,192,692.579 | 16.225130 | 18,154.900 | 16.430939 | 174.191 | 12/31/05 | ||||||
14.286652 | 1,246,239.904 | 14.607357 | 18,555.090 | 14.770332 | 251.906 | 12/31/04 | ||||||
11.999290 | 1,291,553.100 | 12.231626 | 21,025.289 | 12.349444 | 218.778 | 12/31/03 | ||||||
9.005921 | 1,290,667.557 | 9.153163 | 14,073.466 | 9.227625 | 856.311 | 12/31/02 | ||||||
12.672131 | 1,215,838.484 | 12.841113 | 8,626.211 | 12.926320 | 832.210 | 12/31/01 | ||||||
21.224171 | 993,843.327 | 21.442894 | 3,573.726 | 21.552802 | 1,243.427 | 12/31/00 | ||||||
Janus Aspen Forty Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||
12.237077 | 1,142,119.314 | 12.635964 | 7,534.795 | 12.840126 | 290.186 | 12/31/09 | ||||||
8.481186 | 1,176,081.761 | 8.731075 | 6,784.900 | 8.858714 | 264.996 | 12/31/08 | ||||||
15.402418 | 1,180,450.358 | 15.807816 | 6,304.616 | 16.014480 | 249.918 | 12/31/07 | ||||||
11.403714 | 1,272,789.383 | 11.668168 | 6,914.755 | 11.802739 | 238.337 | 12/31/06 | ||||||
10.576925 | 1,421,322.533 | 10.789432 | 8,924.998 | 10.897390 | 224.632 | 12/31/05 | ||||||
9.505422 | 1,369,066.381 | 9.667060 | 9,080.188 | 9.749062 | 369.844 | 12/31/04 | ||||||
8.153727 | 1,483,721.928 | 8.267358 | 11,535.264 | 8.324912 | 340.749 | 12/31/03 | ||||||
6.859260 | 1,548,077.357 | 6.934292 | 7,637.061 | 6.972208 | 1,816.324 | 12/31/02 | ||||||
8.247987 | 1,650,016.481 | 8.313484 | 4,570.921 | 8.346510 | 1,813.269 | 12/31/01 | ||||||
10.678675 | 1,384,637.536 | 10.731358 | 1,520.638 | 10.757867 | 1,957.004 | 12/31/00 | ||||||
Janus Aspen Janus Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||
12.088320 | 1,152,693.064 | 12.549112 | 6,194.177 | 12.785966 | 3.892 | 12/31/09 | ||||||
8.991468 | 1,287,933.053 | 9.305880 | 7,518.771 | 9.467180 | 3.892 | 12/31/08 | ||||||
15.128819 | 1,451,223.867 | 15.610044 | 7,515.669 | 15.856446 | 3.892 | 12/31/07 | ||||||
13.332590 | 1,661,699.848 | 13.714717 | 8,850.842 | 13.910006 | 0.000 | 12/31/06 | ||||||
12.140136 | 1,816,341.463 | 12.450279 | 12,118.207 | 12.608502 | 0.000 | 12/31/05 | ||||||
11.805932 | 1,963,661.008 | 12.070890 | 12,071.718 | 12.205852 | 128.720 | 12/31/04 | ||||||
11.455733 | 2,117,639.460 | 11.677475 | 17,617.840 | 11.790223 | 128.720 | 12/31/03 | ||||||
8.817912 | 2,338,003.425 | 8.962034 | 12,164.934 | 9.035150 | 128.720 | 12/31/02 | ||||||
12.166993 | 2,211,504.181 | 12.329165 | 7,211.443 | 12.411252 | 128.720 | 12/31/01 | ||||||
16.393493 | 1,792,958.592 | 16.562387 | 3,980.605 | 16.647684 | 269.822 | 12/31/00 | ||||||
Janus Aspen Overseas Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||
29.081634 | 983,173.085 | 30.189779 | 10,697.900 | 30.758924 | 3,020.438 | 12/31/09 | ||||||
16.426264 | 1,076,456.667 | 17.000439 | 11,248.267 | 17.294734 | 2,196.968 | 12/31/08 | ||||||
34.791646 | 1,193,428.967 | 35.897704 | 8,914.364 | 36.463478 | 426.772 | 12/31/07 | ||||||
27.500771 | 1,183,279.918 | 28.288499 | 12,357.534 | 28.690648 | 56.867 | 12/31/06 | ||||||
18.969977 | 966,575.134 | 19.454325 | 10,632.810 | 19.701127 | 56.867 | 12/31/05 | ||||||
14.542258 | 681,071.772 | 14.868462 | 11,182.362 | 15.034373 | 22.784 | 12/31/04 | ||||||
12.398800 | 669,789.197 | 12.638673 | 15,388.121 | 12.760432 | 0.000 | 12/31/03 | ||||||
9.318679 | 678,787.112 | 9.470891 | 11,468.866 | 9.547961 | 0.000 | 12/31/02 | ||||||
12.698027 | 675,126.139 | 12.867174 | 7,907.782 | 12.952582 | 0.000 | 12/31/01 | ||||||
16.774550 | 620,740.857 | 16.947297 | 4,953.034 | 17.034254 | 245.673 | 12/31/00 |
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 | ||||||
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 | 15.785713 | 1,556.323 | 12/31/09 | ||||||
13.805232 | 633,167.502 | 14.287712 | 4,309.288 | 14.535198 | 1,053.994 | 12/31/08 | ||||||
15.593051 | 790,109.961 | 16.088872 | 3,609.600 | 16.342712 | 2.990 | 12/31/07 | ||||||
14.997858 | 934,853.788 | 15.427535 | 4,516.328 | 15.647093 | 0.000 | 12/31/06 | ||||||
14.663212 | 1,031,163.550 | 15.037636 | 4,510.157 | 15.228624 | 0.000 | 12/31/05 | ||||||
14.269584 | 1,040,814.398 | 14.589653 | 5,455.212 | 14.752650 | 0.000 | 12/31/04 | ||||||
13.866152 | 1,111,500.860 | 14.134373 | 5,899.268 | 14.270730 | 0.000 | 12/31/03 | ||||||
13.437077 | 1,065,387.210 | 13.656469 | 3,834.895 | 13.767746 | 0.000 | 12/31/02 | ||||||
12.694998 | 713,042.852 | 12.864100 | 1,978.853 | 12.949664 | 0.000 | 12/31/01 | ||||||
11.776122 | 380,480.921 | 11.897491 | 1,180.235 | 11.958756 | 134.867 | 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 | 9.291050 | 28.841 | 12/31/09 | ||||||
5.904344 | 47,092.588 | 5.934535 | 363.377 | 5.949633 | 21.247 | 12/31/08 | ||||||
11.249638 | 24,266.882 | 11.272627 | 46.682 | 11.284097 | 0.688 | 12/31/07 | ||||||
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 | 24.601334 | 716.093 | 12/31/09 | ||||||
18.378595 | 350,079.782 | 19.021158 | 5,062.382 | 19.350719 | 454.136 | 12/31/08 | ||||||
30.015533 | 439,009.316 | 30.969853 | 4,628.248 | 31.458353 | 214.591 | 12/31/07 | ||||||
36.711245 | 617,880.841 | 37.762738 | 6,918.700 | 38.299964 | 185.446 | 12/31/06 | ||||||
26.969864 | 638,271.701 | 27.658464 | 6,314.368 | 28.009655 | 166.868 | 12/31/05 | ||||||
23.367170 | 618,052.255 | 23.891270 | 4,374.554 | 24.158129 | 115.611 | 12/31/04 | ||||||
17.374679 | 549,927.036 | 17.710793 | 5,725.997 | 17.881625 | 69.022 | 12/31/03 | ||||||
12.811814 | 469,712.672 | 13.021061 | 3,710.088 | 13.127169 | 28.392 | 12/31/02 | ||||||
13.094325 | 269,466.499 | 13.268793 | 1,955.110 | 13.357067 | 215.533 | 12/31/01 | ||||||
12.088940 | 147,402.642 | 12.213548 | 1,151.970 | 12.276441 | 1.523 | 12/31/00 | ||||||
Oppenheimer Balanced Fund/VA-Non-Service Series (Inception Date 12/1/2004) | ||||||||||||
7.913698 | 172,651.262 | 8.037124 | 200.415 | 8.099333 | 1,591.194 | 12/31/09 | ||||||
6.584545 | 185,839.541 | 6.666936 | 2,649.655 | 6.708361 | 946.650 | 12/31/08 | ||||||
11.814395 | 264,436.247 | 11.925723 | 3,049.914 | 11.981564 | 461.906 | 12/31/07 | ||||||
11.545935 | 284,653.565 | 11.619151 | 2,713.335 | 11.655797 | 21.039 | 12/31/06 | ||||||
10.535194 | 293,699.326 | 10.569900 | 1,006.485 | 10.587241 | 21.039 | 12/31/05 | ||||||
10.284433 | 3,001.731 | 10.287083 | 0.000 | 10.288407 | 21.039 | 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 | 10.033347 | 2,109.767 | 12/31/09 | ||||||
6.879768 | 231,588.838 | 6.965871 | 1,178.186 | 7.009156 | 1,311.073 | 12/31/08 | ||||||
12.807951 | 209,919.379 | 12.928631 | 1,621.643 | 12.989159 | 199.412 | 12/31/07 | ||||||
11.380578 | 206,005.347 | 11.452745 | 1,085.611 | 11.488852 | 0.000 | 12/31/06 | ||||||
10.691883 | 85,720.169 | 10.727101 | 453.514 | 10.587241 | 0.000 | 12/31/05 | ||||||
10.317159 | 581.341 | 10.319818 | 0.000 | 10.321144 | 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 | 9.918750 | 3,212.104 | 12/31/09 | ||||||
7.661801 | 169,948.768 | 7.757647 | 5,434.999 | 7.805867 | 1,847.892 | 12/31/08 | ||||||
12.629722 | 217,168.911 | 12.748689 | 2,639.277 | 12.808410 | 32.319 | 12/31/07 | ||||||
12.267378 | 188,104.597 | 12.345144 | 2,240.578 | 12.384076 | 0.000 | 12/31/06 | ||||||
10.816022 | 161,384.797 | 10.851650 | 1,136.259 | 10.869450 | 0.000 | 12/31/05 | ||||||
10.350617 | 13,062.128 | 10.353285 | 0.000 | 10.354615 | 0.000 | 12/31/04 |
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 | ||||||
PIMCO VIT Real Return Portfolio-Administrative Class (Inception Date 12/1/2004) | ||||||||||||
11.852373 | 424,389.110 | 12.037094 | 1,462.297 | 12.130221 | 105.835 | 12/31/09 | ||||||
10.153005 | 379,477.577 | 10.279969 | 2,772.903 | 10.343841 | 0.000 | 12/31/08 | ||||||
11.079101 | 207,278.006 | 11.183495 | 2,829.432 | 11.235886 | 0.000 | 12/31/07 | ||||||
10.154210 | 212,006.902 | 10.218623 | 4,352.416 | 10.250872 | 0.000 | 12/31/06 | ||||||
10.224854 | 240,401.144 | 10.258560 | 2,314.795 | 10.275393 | 0.000 | 12/31/05 | ||||||
10.156423 | 10,066.473 | 10.159043 | 0.000 | 10.160349 | 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 | 13.287246 | 5,122.936 | 12/31/09 | ||||||
11.542860 | 423,985.467 | 11.687201 | 5,599.654 | 11.759784 | 3,422.084 | 12/31/08 | ||||||
11.170817 | 238,092.027 | 11.276074 | 2,086.449 | 11.328898 | 71.404 | 12/31/07 | ||||||
10.417487 | 207,153.358 | 10.483551 | 1,880.102 | 10.516640 | 0.000 | 12/31/06 | ||||||
10.173284 | 199,476.486 | 10.206803 | 453.274 | 10.223567 | 0.000 | 12/31/05 | ||||||
10.070332 | 627.100 | 10.072934 | 0.000 | 10.074230 | 0.000 | 12/31/04 | ||||||
Templeton Foreign Securities Fund-Class 2 (Inception Date 5/1/2007) | ||||||||||||
8.486115 | 104,462.210 | 8.555439 | 4,496.982 | 8.590188 | 751.094 | 12/31/09 | ||||||
6.280197 | 71,522.023 | 6.312285 | 2,735.993 | 6.328334 | 173.635 | 12/31/08 | ||||||
10.683643 | 40,534.202 | 10.705462 | 798.561 | 10.716349 | 22.401 | 12/31/07 | ||||||
Wilshire 2015 Moderate Fund (Inception Date 5/1/2007) | ||||||||||||
8.853895 | 71,047.736 | 8.926219 | 789.876 | 8.962486 | 2,398.181 | 12/31/09 | ||||||
7.460428 | 46,470.538 | 7.498538 | 4,307.481 | 7.517602 | 2,398.181 | 12/31/08 | ||||||
10.007599 | 17,496.921 | 10.028056 | 1,962.408 | 10.038253 | 687.173 | 12/31/07 | ||||||
Wilshire 2025 Moderate Fund (Inception Date 5/1/2007) | ||||||||||||
8.378892 | 23,545.507 | 8.447325 | 352.060 | 8.481629 | 0.000 | 12/31/09 | ||||||
7.054421 | 10,980.789 | 7.090459 | 16,457.335 | 7.108474 | 0.000 | 12/31/08 | ||||||
9.970642 | 8,817.071 | 9.991008 | 6,305.737 | 10.001167 | 0.000 | 12/31/07 | ||||||
Wilshire 2035 Moderate Fund (Inception Date 5/1/2007) | ||||||||||||
7.790364 | 27,324.342 | 7.854013 | 1,674.880 | 7.885910 | 0.000 | 12/31/09 | ||||||
6.535932 | 20,882.706 | 6.569332 | 15,141.054 | 6.586031 | 0.000 | 12/31/08 | ||||||
9.921001 | 3,691.070 | 9.941273 | 4,746.712 | 9.951380 | 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. |
| 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. |
| 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 |
Optional Death Benefit | ||||||||||||
Optional Death Benefit | Contracts (Issue Age | |||||||||||
Standard | Contracts (Issue Age 65 | over 65 | ||||||||||
Contracts | and younger) | and under 79) | ||||||||||
Annual Contract Maintenance Fee |
$ | 30 | $ | 30 | $ | 30 | ||||||
Separate Account Annual Expenses |
||||||||||||
Mortality and Expense Risk Charge |
1.25 | % | 1.35 | % | 1.50 | % | ||||||
Administration Charge |
0.15 | % | 0.15 | % | 0.15 | % | ||||||
Total Separate Account Annual Expenses |
1.40 | % | 1.50 | % | 1.65 | % | ||||||
| You are over age 65, you invest $10,000 in a Contract with the Optional Death Benefit for the periods indicated and your investment has a 5% return each year. | ||
| 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 ($30), the maximum Separate Account Annual Expenses (1.65%), 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 |
$ | 1,040 | $ | 1,587 | $ | 2,232 | $ | 4,545 | ||||||||
After reimbursement |
$ | 1,034 | $ | 1,568 | $ | 2,200 | $ | 4,474 |
1 year | 3 years | 5 years | 10 years | |||||||||||||
Before reimbursement |
$ | 340 | $ | 1,087 | $ | 1,932 | $ | 4,545 | ||||||||
After reimbursement |
$ | 334 | $ | 1,068 | $ | 1,900 | $ | 4,474 |
Purpose of Charge
|
Compensation for bearing certain mortality and expense risks under the Contract. Mortality risks arise from the Companys obligation to pay benefit payments during the Benefit Payment Period and to pay the death benefit. The expense risk assumed by the Company is the risk that the Companys actual expenses in administering the Contracts and the Separate Account will 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%. Contracts with the 1.25% mortality and expense risk charge are referred to as Standard versions. | |
For individual contracts with the optional Enhanced Death Benefit Amount, a daily charge equal to 0.003724% of the daily Net Asset Value for each Subaccount if issued to an Owner age 65 and younger, or 0.004141% of the daily Net Asset Value for each Subaccount if issued to an Owner over age 65 but under age 79, which correspond to an effective annual rate of 1.35% or 1.50%, respectively. Contracts with the optional Enhanced Death Benefit Amount are referred to as Optional Death Benefit Contracts. The optional Enhanced Death Benefit Amount is not available for enhanced versions. | ||
When Assessed
|
During the Accumulation Period, and during the Benefit Payment Period if a variable dollar benefit is elected, the charge is deducted from amounts invested in the Subaccounts. | |
Waivers
|
None. |
1) | the Account Value on the Death Benefit Valuation Date; | ||
2) | the Enhanced Minimum Death Benefit; or | ||
3) | the Enhanced Historic High Value. |
Purchase Payments |
$ | 100,000 | ||
Less proportional reduction for withdrawals |
11,111 | |||
Plus Interest Credited |
||||
Purchase Payments reduced for withdrawals |
$ |
Purchase Payments |
$ | |||
Less proportional reduction for withdrawals |
11,111 | |||
Purchase Payments reduced for withdrawals |
$ |
Immediately after the withdrawal, the reduced Purchase Payments of $___is greater than the Account Value of $___or [ * ] of $___, so the Death Benefit amount would be $___. |
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 | ||||||
American Century VP Large Company Value-Class I Shares (Inception Date 12/1/2004) | ||||||||||||
8.901355 | 251,200.267 | 8.855500 | 0.000 | 8.787158 | 0.000 | 12/31/09 | ||||||
7.520419 | 292,792.476 | 7.489274 | 14.170 | 7.442804 | 0.000 | 12/31/08 | ||||||
12.161971 | 382,937.244 | 12.123966 | 132.473 | 12.067186 | 0.000 | 12/31/07 | ||||||
12.494572 | 420,902.275 | 12.468255 | 1,522.201 | 12.428869 | 0.000 | 12/31/06 | ||||||
10.560864 | 99,384.541 | 10.549289 | 0.000 | 10.531928 | 0.000 | 12/31/05 | ||||||
10.216542 | 36,701.792 | 10.215664 | 0.000 | 10.214341 | 0.000 | 12/31/04 | ||||||
American Century VP Mid Cap Value-Class I Shares (Inception Date 12/1/2004) | ||||||||||||
12.261657 | 554,495.560 | 12.198523 | 3,020.443 | 12.104387 | 0.000 | 12/31/09 | ||||||
9.570065 | 643,576.702 | 9.530444 | 2,949.951 | 9.471309 | 0.000 | 12/31/08 | ||||||
12.830516 | 824,409.192 | 12.790428 | 2,880.335 | 12.730518 | 0.000 | 12/31/07 | ||||||
13.320957 | 911,824.088 | 13.292897 | 2,820.049 | 13.250911 | 0.000 | 12/31/06 | ||||||
11.229852 | 114,376.075 | 11.217536 | 6.706 | 11.199085 | 0.000 | 12/31/05 | ||||||
10.395465 | 24,970.228 | 10.394574 | 0.000 | 10.393228 | 0.000 | 12/31/04 | ||||||
American Century VP Ultra®-Class I Shares (Inception Date 12/1/2004) | ||||||||||||
9.109140 | 465,662.403 | 9.062227 | 1,744.637 | 8.992299 | 0.000 | 12/31/09 | ||||||
6.869832 | 518,640.998 | 6.841386 | 1,888.230 | 6.798929 | 455.034 | 12/31/08 | ||||||
11.906808 | 575,813.493 | 11.869615 | 1,432.106 | 11.814013 | 456.300 | 12/31/07 | ||||||
9.979396 | 707,542.380 | 9.958375 | 1,833.836 | 9.926893 | 457.152 | 12/31/06 | ||||||
10.463493 | 32,615.015 | 10.452014 | 953.169 | 10.434817 | 0.000 | 12/31/05 | ||||||
10.386756 | 598.086 | 10.385861 | 0.000 | 10.384520 | 0.000 | 12/31/04 | ||||||
American Century VP VistaSM-Class I Shares (Inception Date 12/1/2004) | ||||||||||||
10.046098 | 743,185.410 | 9.994331 | 1,009.998 | 9.917194 | 0.000 | 12/31/09 | ||||||
8.319404 | 826,352.105 | 8.284943 | 1,289.399 | 8.233535 | 0.000 | 12/31/08 | ||||||
16.424171 | 915,985.190 | 16.372858 | 680.863 | 16.296198 | 0.000 | 12/31/07 | ||||||
11.918299 | 976,806.445 | 11.893183 | 1,258.202 | 11.855601 | 0.000 | 12/31/06 | ||||||
11.088360 | 79,780.294 | 11.076211 | 0.000 | 11.057991 | 0.000 | 12/31/05 | ||||||
10.399373 | 4,938.285 | 10.398477 | 0.000 | 10.397136 | 0.000 | 12/31/04 | ||||||
Calamos Growth and Income Portfolio (Inception Date 5/1/2007) | ||||||||||||
9.633554 | 118,358.600 | 9.607427 | 0.000 | 9.568384 | 0.000 | 12/31/09 | ||||||
7.007788 | 111,399.974 | 6.995880 | 0.000 | 6.978054 | 0.000 | 12/31/08 | ||||||
10.412111 | 51,983.045 | 10.405023 | 0.000 | 10.394396 | 0.000 | 12/31/07 | ||||||
Davis Value Portfolio (Inception Date 5/1/2007) | ||||||||||||
7.559947 | 190,658.865 | 7.539424 | 1,084.521 | 7.508767 | 0.000 | 12/31/09 | ||||||
5.845926 | 154,220.486 | 5.835980 | 1,063.140 | 5.821102 | 0.000 | 12/31/08 | ||||||
9.935864 | 36,509.854 | 9.929103 | 0.000 | 9.918961 | 0.000 | 12/31/07 | ||||||
Dreyfus IP MidCap Stock Portfolio-Service Shares (Inception Date 5/1/2007) | ||||||||||||
7.284643 | 6,059.237 | 7.264870 | 0.000 | 7.235321 | 0.000 | 12/31/09 | ||||||
5.459428 | 6,054.670 | 5.450136 | 0.000 | 5.436238 | 0.000 | 12/31/08 | ||||||
9.297957 | 1,976.759 | 9.291621 | 0.000 | 9.282133 | 0.000 | 12/31/07 |
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 | ||||||
Dreyfus IP Technology Growth Portfolio-Initial Shares (Inception Date 12/1/2004) | ||||||||||||
10.895130 | 997,390.377 | 10.838990 | 697.165 | 10.755335 | 0.000 | 12/31/09 | ||||||
7.008211 | 1,051,298.784 | 6.979168 | 698.373 | 6.935855 | 0.000 | 12/31/08 | ||||||
12.085181 | 1,154,532.874 | 12.047391 | 699.274 | 11.990957 | 0.000 | 12/31/07 | ||||||
10.684409 | 1,309,668.746 | 10.661865 | 836.015 | 10.628168 | 0.000 | 12/31/06 | ||||||
10.388053 | 32,100.558 | 10.376648 | 0.000 | 10.359578 | 0.000 | 12/31/05 | ||||||
10.151024 | 198.889 | 10.150148 | 0.000 | 10.148837 | 0.000 | 12/31/04 | ||||||
The Dreyfus Socially Responsible Growth Fund, Inc.-Initial Shares (Inception Date 7/15/1997) | ||||||||||||
10.287151 | 560,684.875 | 10.159571 | 274.536 | 9.971490 | 0.000 | 12/31/09 | ||||||
7.800236 | 579,088.137 | 7.711317 | 569.131 | 7.580079 | 0.000 | 12/31/08 | ||||||
12.064814 | 630,147.828 | 11.939452 | 570.216 | 11.754224 | 0.000 | 12/31/07 | ||||||
11.353220 | 701,011.037 | 11.246730 | 571.225 | 11.089206 | 0.000 | 12/31/06 | ||||||
10.543914 | 795,479.598 | 10.455586 | 572.420 | 10.324804 | 0.000 | 12/31/05 | ||||||
10.320091 | 913,267.538 | 10.243995 | 573.667 | 10.131229 | 0.000 | 12/31/04 | ||||||
9.854396 | 925,266.631 | 9.791601 | 574.951 | 9.698454 | 0.000 | 12/31/03 | ||||||
7.930106 | 960,232.146 | 7.887332 | 576.445 | 7.823843 | 0.000 | 12/31/02 | ||||||
11.317226 | 1,066,026.751 | 11.267308 | 297.025 | 11.193188 | 0.000 | 12/31/01 | ||||||
14.823134 | 894,007.973 | N/A | N/A | N/A | N/A | 12/31/00 | ||||||
Dreyfus Stock Index Fund, Inc.-Initial Shares (Inception Date 7/15/1997) | ||||||||||||
12.160550 | 3,157,298.781 | 12.009771 | 5,863.879 | 11.787476 | 0.000 | 12/31/09 | ||||||
9.762392 | 3,356,601.303 | 9.651134 | 6,003.756 | 9.486924 | 346.665 | 12/31/08 | ||||||
15.752402 | 3,792,658.208 | 15.588765 | 7,225.071 | 15.347002 | 347.620 | 12/31/07 | ||||||
15.179498 | 4,190,418.249 | 15.037150 | 8,606.065 | 14.826623 | 348.268 | 12/31/06 | ||||||
13.328744 | 4,493,460.193 | 13.217108 | 10,752.810 | 13.051861 | 308.257 | 12/31/05 | ||||||
12.911696 | 4,792,865.682 | 12.816515 | 10,754.602 | 12.675499 | 244.418 | 12/31/04 | ||||||
11.835440 | 4,670,251.024 | 11.760043 | 10,627.818 | 11.648244 | 175.894 | 12/31/03 | ||||||
9.349226 | 4,454,143.840 | 9.298818 | 10,366.380 | 9.224023 | 95.159 | 12/31/02 | ||||||
12.210993 | 4,141,595.630 | 12.157172 | 6,156.673 | 12.077250 | 5.882 | 12/31/01 | ||||||
14.100696 | 3,598,196.884 | N/A | N/A | N/A | N/A | 12/31/00 | ||||||
Dreyfus VIF Appreciation Portfolio-Initial Shares (Inception Date 7/15/1997) | ||||||||||||
13.314101 | 646,153.835 | 13.149066 | 253.182 | 12.905670 | 0.000 | 12/31/09 | ||||||
11.017708 | 708,576.070 | 10.892180 | 254.538 | 10.706850 | 0.000 | 12/31/08 | ||||||
15.862343 | 863,904.016 | 15.697602 | 686.696 | 15.454119 | 0.000 | 12/31/07 | ||||||
15.017729 | 946,182.350 | 14.876931 | 712.903 | 14.668611 | 0.000 | 12/31/06 | ||||||
13.075735 | 1,005,802.778 | 12.966250 | 700.950 | 12.804099 | 0.000 | 12/31/05 | ||||||
12.704674 | 1,036,367.953 | 12.611044 | 2,683.933 | 12.472252 | 0.000 | 12/31/04 | ||||||
12.265787 | 936,025.635 | 12.187676 | 2,743.369 | 12.071769 | 0.000 | 12/31/03 | ||||||
10.264481 | 821,738.414 | 10.209165 | 2,136.034 | 10.127012 | 0.000 | 12/31/02 | ||||||
12.497173 | 717,965.716 | 12.442111 | 17.774 | 12.360270 | 0.000 | 12/31/01 | ||||||
13.974173 | 649,590.073 | N/A | N/A | N/A | N/A | 12/31/00 |
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 | ||||||
Dreyfus VIF Growth and Income Portfolio-Initial Shares (Inception Date 7/15/1997) | ||||||||||||
10.209163 | 333,618.716 | 10.082315 | 465.633 | 9.895682 | 0.000 | 12/31/09 | ||||||
8.039857 | 397,593.350 | 7.948028 | 388.288 | 7.812783 | 0.000 | 12/31/08 | ||||||
13.684704 | 484,210.513 | 13.542216 | 305.898 | 13.332180 | 0.000 | 12/31/07 | ||||||
12.799045 | 534,977.589 | 12.678713 | 5.035 | 12.501186 | 0.000 | 12/31/06 | ||||||
11.335178 | 573,338.603 | 11.239975 | 26.192 | 11.099424 | 0.000 | 12/31/05 | ||||||
11.122877 | 660,745.227 | 11.040630 | 15.504 | 10.919139 | 0.000 | 12/31/04 | ||||||
10.496627 | 594,854.140 | 10.429505 | 36.570 | 10.330339 | 0.000 | 12/31/03 | ||||||
8.409071 | 633,983.863 | 8.363529 | 16.060 | 8.296242 | 0.000 | 12/31/02 | ||||||
11.419341 | 646,842.656 | 11.368715 | 0.881 | 11.293965 | 0.000 | 12/31/01 | ||||||
12.299306 | 572,006.660 | N/A | N/A | N/A | N/A | 12/31/00 | ||||||
Dreyfus VIF Money Market Portfolio (Inception Date 7/15/1997) | ||||||||||||
1.214495 | 5,766,256.197 | 1.204726 | 2,690.666 | 1.184990 | 0.000 | 12/31/09 | ||||||
1.227384 | 6,894,098.095 | 1.218460 | 2,693.966 | 1.200427 | 0.000 | 12/31/08 | ||||||
1.216497 | 7,980,519.294 | 1.208421 | 2,283.013 | 1.192096 | 0.000 | 12/31/07 | ||||||
1.183188 | 6,426,348.042 | 1.175965 | 3,051.950 | 1.161351 | 0.000 | 12/31/06 | ||||||
1.152576 | 6,753,332.466 | 1.146196 | 3,086.642 | 1.133280 | 0.000 | 12/31/05 | ||||||
1.140557 | 5,458,310.932 | 1.135018 | 2,378.735 | 1.123802 | 0.000 | 12/31/04 | ||||||
1.146684 | 11,398,828.937 | 1.142058 | 2,540.928 | 1.132483 | 0.000 | 12/31/03 | ||||||
1.153638 | 26,597,370.970 | 1.150055 | 3,512.734 | 1.141986 | 0.000 | 12/31/02 | ||||||
1.153108 | 17,775,594.379 | 1.150535 | 3,127.264 | 1.143962 | 0.000 | 12/31/01 | ||||||
1.128116 | 7,677,545.259 | N/A | N/A | N/A | N/A | 12/31/00 | ||||||
Dreyfus VIF Opportunistic Small Cap Portfolio-Initial Shares (Inception Date 7/15/1997) | ||||||||||||
10.091016 | 566,076.124 | 9.966140 | 1,471.548 | 9.781641 | 0.000 | 12/31/09 | ||||||
8.120054 | 592,552.159 | 8.027711 | 2,150.440 | 7.891104 | 0.000 | 12/31/08 | ||||||
13.197067 | 683,423.829 | 13.060302 | 2,192.803 | 12.857742 | 0.000 | 12/31/07 | ||||||
15.049986 | 807,530.215 | 14.909246 | 2,001.076 | 14.700497 | 0.000 | 12/31/06 | ||||||
14.708620 | 908,638.512 | 14.585834 | 1,862.093 | 14.403471 | 0.000 | 12/31/05 | ||||||
14.099077 | 919,021.905 | 13.995525 | 1,884.890 | 13.841520 | 0.000 | 12/31/04 | ||||||
12.842412 | 898,484.551 | 12.760941 | 1,500.700 | 12.639610 | 0.000 | 12/31/03 | ||||||
9.888294 | 887,931.962 | 9.835242 | 1,414.885 | 9.756123 | 0.000 | 12/31/02 | ||||||
12.397758 | 698,539.631 | 12.343426 | 1,920.104 | 12.262277 | 0.000 | 12/31/01 | ||||||
13.391746 | 482,890.909 | N/A | N/A | N/A | N/A | 12/31/00 | ||||||
DWS Small Cap Index VIP Fund-Class A (Inception Date 5/1/1999) | ||||||||||||
13.579609 | 294,557.144 | 13.434334 | 212.771 | 13.220656 | 0.000 | 12/31/09 | ||||||
10.880984 | 299,117.876 | 10.775511 | 201.180 | 10.620278 | 0.000 | 12/31/08 | ||||||
16.753029 | 419,825.549 | 16.607574 | 680.335 | 16.393400 | 0.000 | 12/31/07 | ||||||
17.321028 | 452,371.808 | 17.188175 | 615.066 | 16.992513 | 0.000 | 12/31/06 | ||||||
14.951171 | 417,983.505 | 14.851525 | 403.707 | 14.704769 | 0.000 | 12/31/05 | ||||||
14.543337 | 347,239.433 | 14.461037 | 126.904 | 14.339865 | 0.000 | 12/31/04 | ||||||
12.525203 | 434,240.830 | 12.466875 | 127.064 | 12.381113 | 0.000 | 12/31/03 | ||||||
8.673629 | 165,980.862 | 8.641731 | 127.264 | 8.594957 | 0.000 | 12/31/02 | ||||||
11.074827 | 153,151.939 | 11.045017 | 0.000 | 11.001506 | 0.000 | 12/31/01 | ||||||
11.003134 | 83,894.729 | N/A | N/A | N/A | N/A | 12/31/00 |
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 | ||||||
Ibbotson Balanced ETF Asset Allocation Portfolio-Class II (Inception Date 5/1/2007) | ||||||||||||
8.907869 | 186,322.194 | 8.883731 | 0.000 | 8.847622 | 0.000 | 12/31/09 | ||||||
7.558919 | 107,236.129 | 7.546082 | 0.000 | 7.526854 | 0.000 | 12/31/08 | ||||||
10.093988 | 48,022.988 | 10.087115 | 0.000 | 10.076808 | 0.000 | 12/31/07 | ||||||
Ibbotson Conservative ETF Asset Allocation Portfolio-Class II (Inception Date 5/1/2007) | ||||||||||||
10.218964 | 63,998.511 | 10.191274 | 2,679.260 | 10.149862 | 0.000 | 12/31/09 | ||||||
9.572516 | 57,711.154 | 9.556273 | 0.000 | 9.531938 | 0.000 | 12/31/08 | ||||||
10.331779 | 12,429.371 | 10.324752 | 0.000 | 10.314202 | 0.000 | 12/31/07 | ||||||
Ibbotson Growth ETF Asset Allocation Portfolio-Class II (Inception Date 5/1/2007) | ||||||||||||
8.282285 | 258,899.931 | 8.259849 | 0.000 | 8.226248 | 0.000 | 12/31/09 | ||||||
6.738875 | 162,988.155 | 6.727434 | 0.000 | 6.710283 | 0.000 | 12/31/08 | ||||||
9.994910 | 55,891.199 | 9.988106 | 0.000 | 9.977900 | 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 | 9.499208 | 0.000 | 9.460612 | 0.000 | 12/31/09 | ||||||
8.526582 | 35,362.381 | 8.512105 | 0.000 | 8.490434 | 0.000 | 12/31/08 | ||||||
10.193054 | 9,987.815 | 10.186110 | 0.000 | 10.175718 | 0.000 | 12/31/07 | ||||||
Invesco V.I. Capital Development Fund-Series I Shares (Inception Date 12/1/2004) | ||||||||||||
10.360399 | 881,089.599 | 10.307003 | 4,485.356 | 10.227472 | 0.000 | 12/31/09 | ||||||
7.380463 | 946,895.438 | 7.349885 | 4,263.225 | 7.304276 | 0.000 | 12/31/08 | ||||||
14.131174 | 1,085,589.211 | 14.087014 | 6,070.414 | 14.021050 | 0.000 | 12/31/07 | ||||||
12.930724 | 1,168,401.050 | 12.903468 | 6,310.413 | 12.862718 | 0.000 | 12/31/06 | ||||||
11.254617 | 16,459.887 | 11.242274 | 0.000 | 11.223784 | 0.000 | 12/31/05 | ||||||
10.413665 | 2,721.825 | 10.412766 | 0.000 | 10.411424 | 0.000 | 12/31/04 | ||||||
Invesco V.I. Core Equity Fund-Series I Shares (Inception Date 5/1/2006) | ||||||||||||
10.042331 | 638,170.693 | 10.004857 | 0.000 | 9.948906 | 0.000 | 12/31/09 | ||||||
7.938572 | 737,379.930 | 7.916973 | 0.000 | 7.884694 | 0.000 | 12/31/08 | ||||||
11.525903 | 807,450.262 | 11.506283 | 0.000 | 11.476905 | 0.000 | 12/31/07 | ||||||
10.812798 | 946,182.515 | 10.805412 | 0.000 | 10.794324 | 0.000 | 12/31/06 | ||||||
Invesco V.I. Financial Services Fund-Series I Shares (Inception Date 5/1/2001) | ||||||||||||
5.105057 | 166,863.342 | 5.060697 | 0.000 | 4.994880 | 0.000 | 12/31/09 | ||||||
4.063096 | 166,382.593 | 4.031897 | 876.437 | 3.985536 | 0.000 | 12/31/08 | ||||||
10.161746 | 160,195.947 | 10.094080 | 876.437 | 9.993382 | 0.000 | 12/31/07 | ||||||
13.250780 | 177,386.400 | 13.175998 | 876.437 | 13.064550 | 0.000 | 12/31/06 | ||||||
11.540835 | 198,663.153 | 11.487311 | 891.083 | 11.407448 | 0.000 | 12/31/05 | ||||||
11.051409 | 208,252.570 | 11.011283 | 1,368.437 | 10.951339 | 0.000 | 12/31/04 | ||||||
10.313195 | 157,061.561 | 10.286102 | 876.436 | 10.245574 | 0.000 | 12/31/03 | ||||||
8.070175 | 118,822.635 | 8.056892 | 876.437 | 8.037010 | 0.000 | 12/31/02 | ||||||
9.616190 | 71,816.401 | 9.609846 | 876.437 | 9.600337 | 0.000 | 12/31/01 |
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. Global Health Care Fund-Series I Shares (Inception Date 5/1/2001) | ||||||||||||
10.955003 | 274,749.744 | 10.859906 | 697.681 | 10.718861 | 0.000 | 12/31/09 | ||||||
8.702188 | 313,750.756 | 8.635418 | 1,501.107 | 8.536234 | 0.000 | 12/31/08 | ||||||
12.365170 | 335,033.531 | 12.282810 | 1,501.510 | 12.160317 | 0.000 | 12/31/07 | ||||||
11.212446 | 367,788.244 | 11.149126 | 1,501.864 | 11.054841 | 0.000 | 12/31/06 | ||||||
10.805644 | 405,402.095 | 10.755506 | 1,502.260 | 10.680752 | 0.000 | 12/31/05 | ||||||
10.132965 | 382,011.757 | 10.096155 | 1,502.673 | 10.041208 | 0.000 | 12/31/04 | ||||||
9.553444 | 311,542.224 | 9.528348 | 1,503.131 | 9.490821 | 0.000 | 12/31/03 | ||||||
7.580976 | 210,450.701 | 7.568511 | 1,503.619 | 7.549835 | 0.000 | 12/31/02 | ||||||
10.175290 | 59,824.959 | 10.168588 | 1,261.503 | 10.158532 | 0.000 | 12/31/01 | ||||||
Invesco V.I. High Yield Fund-Series I Shares (Inception Date 7/15/1997) | ||||||||||||
13.096510 | 205,734.182 | 13.021255 | 0.000 | 12.909231 | 0.000 | 12/31/09 | ||||||
8.693381 | 215,192.913 | 8.652189 | 0.000 | 8.590800 | 0.000 | 12/31/08 | ||||||
11.866015 | 246,721.437 | 11.821822 | 1,002.991 | 11.755887 | 0.000 | 12/31/07 | ||||||
11.887590 | 336,558.419 | 11.855400 | 1,002.991 | 11.807325 | 0.000 | 12/31/06 | ||||||
10.886907 | 350,885.548 | 10.868424 | 1,004.559 | 10.840779 | 0.000 | 12/31/05 | ||||||
10.749148 | 449,939.142 | 10.741765 | 1,233.507 | 10.730713 | 0.000 | 12/31/04 | ||||||
10.095432 | 859,221.923 | 10.031841 | 1,210.056 | 9.936502 | 0.000 | 12/31/03 | ||||||
8.186958 | 488,086.809 | 8.143408 | 983.299 | 8.077935 | 0.000 | 12/31/02 | ||||||
8.410616 | 546,183.962 | 8.374125 | 646.543 | 8.319082 | 0.000 | 12/31/01 | ||||||
10.025816 | 403,918.794 | N/A | N/A | N/A | N/A | 12/31/00 | ||||||
Invesco V.I. Small Cap Equity Fund-Series I Shares (Inception Date 5/1/2004) | ||||||||||||
10.560052 | 233,790.333 | 10.505649 | 369.292 | 10.424582 | 0.000 | 12/31/09 | ||||||
8.830277 | 221,619.162 | 8.793705 | 0.000 | 8.739152 | 0.000 | 12/31/08 | ||||||
13.038707 | 199,548.559 | 12.997954 | 299.089 | 12.937097 | 0.000 | 12/31/07 | ||||||
12.572746 | 59,594.167 | 12.546245 | 940.773 | 12.506629 | 0.000 | 12/31/06 | ||||||
10.857407 | 15,527.249 | 10.845488 | 0.000 | 10.827663 | 0.000 | 12/31/05 | ||||||
10.184771 | 48.134 | 10.183894 | 0.000 | 10.182575 | 0.000 | 12/31/04 | ||||||
Invesco Van Kampen V.I. U.S. Mid Cap Value Portfolio-Series I (Inception Date 7/15/1997) | ||||||||||||
19.564836 | 405,313.835 | 19.322740 | 499.784 | 18.965060 | 417.078 | 12/31/09 | ||||||
14.254077 | 429,690.091 | 14.091988 | 2,045.755 | 13.852188 | 418.066 | 12/31/08 | ||||||
24.624489 | 546,047.920 | 24.369344 | 2,365.719 | 23.991349 | 418.774 | 12/31/07 | ||||||
23.159385 | 581,474.070 | 22.942807 | 2,843.512 | 22.621528 | 419.476 | 12/31/06 | ||||||
19.459486 | 530,733.841 | 19.297021 | 1,880.959 | 19.055685 | 420.270 | 12/31/05 | ||||||
17.572071 | 467,487.388 | 17.443007 | 1,490.867 | 17.251006 | 421.176 | 12/31/04 | ||||||
15.551851 | 417,352.873 | 15.453181 | 1,480.972 | 15.306202 | 0.000 | 12/31/03 | ||||||
11.143745 | 383,714.571 | 11.083937 | 1,481.185 | 10.994728 | 0.000 | 12/31/02 | ||||||
15.699340 | 335,452.774 | 15.630514 | 1,469.904 | 15.527702 | 0.000 | 12/31/01 | ||||||
16.438193 | 253,713.630 | N/A | N/A | N/A | N/A | 12/31/00 |
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 Van Kampen V.I. Value Portfolio-Series I (Inception Date 7/15/1997) | ||||||||||||
12.968058 | 549,162.263 | 12.807160 | 448.299 | 12.570071 | 0.000 | 12/31/09 | ||||||
10.040068 | 596,256.187 | 9.925561 | 425.761 | 9.756650 | 0.000 | 12/31/08 | ||||||
15.875263 | 789,939.565 | 15.710228 | 1,168.560 | 15.466532 | 0.000 | 12/31/07 | ||||||
16.611311 | 850,561.888 | 16.455411 | 949.440 | 16.224970 | 0.000 | 12/31/06 | ||||||
14.412225 | 863,389.460 | 14.291407 | 893.362 | 14.112678 | 0.000 | 12/31/05 | ||||||
13.978413 | 807,191.172 | 13.875252 | 1,221.823 | 13.722542 | 0.000 | 12/31/04 | ||||||
12.030718 | 620,028.974 | 11.953963 | 1,175.072 | 11.840261 | 0.000 | 12/31/03 | ||||||
9.098209 | 526,832.864 | 9.049071 | 1,116.611 | 8.976240 | 0.000 | 12/31/02 | ||||||
11.851536 | 401,628.667 | 11.799174 | 31.284 | 11.721567 | 0.000 | 12/31/01 | ||||||
11.751659 | 132,621.948 | N/A | N/A | N/A | N/A | 12/31/00 | ||||||
Janus Aspen Balanced Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||
23.041572 | 1,889,388.689 | 22.756010 | 2,094.887 | 22.334883 | 410.896 | 12/31/09 | ||||||
18.563244 | 2,106,521.139 | 18.351771 | 6,639.313 | 18.039572 | 647.497 | 12/31/08 | ||||||
22.371024 | 2,407,948.228 | 22.138719 | 7,609.358 | 21.795367 | 648.850 | 12/31/07 | ||||||
20.527683 | 2,849,443.225 | 20.335245 | 6,361.876 | 20.050525 | 649.982 | 12/31/06 | ||||||
18.802986 | 3,224,954.488 | 18.645582 | 7,364.516 | 18.412437 | 623.013 | 12/31/05 | ||||||
17.664922 | 3,596,278.746 | 17.534778 | 9,505.263 | 17.341815 | 579.214 | 12/31/04 | ||||||
16.507560 | 3,685,075.400 | 16.402460 | 10,198.846 | 16.246497 | 948.104 | 12/31/03 | ||||||
14.676594 | 3,702,620.254 | 14.597522 | 9,029.715 | 14.480100 | 715.911 | 12/31/02 | ||||||
15.907374 | 3,578,735.833 | 15.837295 | 3,807.168 | 15.733155 | 4.244 | 12/31/01 | ||||||
16.920712 | 3,181,464.624 | N/A | N/A | N/A | N/A | 12/31/00 | ||||||
Janus Aspen Enterprise Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||
16.896627 | 773,505.725 | 16.687444 | 174.422 | 16.378494 | 0.000 | 12/31/09 | ||||||
11.832549 | 844,041.239 | 11.697931 | 1,243.597 | 11.498846 | 0.000 | 12/31/08 | ||||||
21.325158 | 959,193.271 | 21.104067 | 1,071.494 | 20.776718 | 0.000 | 12/31/07 | ||||||
17.723408 | 1,111,731.741 | 17.557561 | 1,325.013 | 17.311683 | 0.000 | 12/31/06 | ||||||
15.820887 | 1,192,692.579 | 15.688702 | 2,182.697 | 15.492497 | 0.000 | 12/31/05 | ||||||
14.286652 | 1,246,239.904 | 14.181621 | 2,234.591 | 14.025527 | 0.000 | 12/31/04 | ||||||
11.999290 | 1,291,553.100 | 11.923077 | 2,739.816 | 11.809676 | 0.000 | 12/31/03 | ||||||
9.005921 | 1,290,667.557 | 8.957530 | 2,939.253 | 8.885444 | 0.000 | 12/31/02 | ||||||
12.672131 | 1,215,838.484 | 12.616505 | 1,551.472 | 12.533526 | 0.000 | 12/31/01 | ||||||
21.224171 | 993,843.327 | N/A | N/A | N/A | N/A | 12/31/00 | ||||||
Janus Aspen Forty Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||
12.237077 | 1,142,119.314 | 12.106160 | 2,675.692 | 11.913511 | 0.000 | 12/31/09 | ||||||
8.481186 | 1,176,081.761 | 8.398965 | 4,216.545 | 8.277900 | 0.000 | 12/31/08 | ||||||
15.402418 | 1,180,450.358 | 15.268688 | 3,202.209 | 15.071663 | 0.000 | 12/31/07 | ||||||
11.403714 | 1,272,789.383 | 11.316239 | 4,556.601 | 11.187310 | 0.000 | 12/31/06 | ||||||
10.576925 | 1,421,322.533 | 10.506419 | 5,189.417 | 10.402496 | 0.000 | 12/31/05 | ||||||
9.505422 | 1,369,066.381 | 9.451611 | 5,783.288 | 9.372331 | 0.000 | 12/31/04 | ||||||
8.153727 | 1,483,721.928 | 8.115731 | 6,352.318 | 8.059826 | 0.000 | 12/31/03 | ||||||
6.859260 | 1,548,077.357 | 6.834023 | 6,699.916 | 6.796979 | 0.000 | 12/31/02 | ||||||
8.247987 | 1,650,016.481 | 8.225736 | 6,505.660 | 8.193291 | 0.000 | 12/31/01 | ||||||
10.678675 | 1,384,637.536 | N/A | N/A | N/A | N/A | 12/31/00 |
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 | ||||||
Janus Aspen Janus Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||
12.088320 | 1,152,693.064 | 11.938595 | 273.807 | 11.717584 | 0.000 | 12/31/09 | ||||||
8.991468 | 1,287,933.053 | 8.889123 | 1,942.650 | 8.737846 | 0.000 | 12/31/08 | ||||||
15.128819 | 1,451,223.867 | 14.971877 | 1,818.811 | 14.739626 | 0.000 | 12/31/07 | ||||||
13.332590 | 1,661,699.848 | 13.207761 | 1,925.851 | 13.022784 | 0.000 | 12/31/06 | ||||||
12.140136 | 1,816,341.463 | 12.038658 | 3,283.014 | 11.888075 | 0.000 | 12/31/05 | ||||||
11.805932 | 1,963,661.008 | 11.719098 | 3,242.404 | 11.590074 | 0.000 | 12/31/04 | ||||||
11.455733 | 2,117,639.460 | 11.382949 | 3,520.817 | 11.274648 | 0.000 | 12/31/03 | ||||||
8.817912 | 2,338,003.425 | 8.770520 | 3,725.518 | 8.699912 | 0.000 | 12/31/02 | ||||||
12.166993 | 2,211,504.181 | 12.113565 | 2,990.215 | 12.033855 | 0.000 | 12/31/01 | ||||||
16.393493 | 1,792,958.592 | N/A | N/A | N/A | N/A | 12/31/00 | ||||||
Janus Aspen Overseas Portfolio-Institutional Shares (Inception Date 7/15/1997) | ||||||||||||
29.081634 | 983,173.085 | 28.720720 | 670.980 | 28.189194 | 0.000 | 12/31/09 | ||||||
16.426264 | 1,076,456.667 | 16.238868 | 894.812 | 15.962604 | 0.000 | 12/31/08 | ||||||
34.791646 | 1,193,428.967 | 34.429892 | 894.492 | 33.896057 | 0.000 | 12/31/07 | ||||||
27.500771 | 1,183,279.918 | 27.242589 | 1,771.310 | 26.861241 | 0.000 | 12/31/06 | ||||||
18.969977 | 966,575.134 | 18.810903 | 1,200.533 | 18.575740 | 0.000 | 12/31/05 | ||||||
14.542258 | 681,071.772 | 14.434891 | 896.152 | 14.276054 | 0.000 | 12/31/04 | ||||||
12.398800 | 669,789.197 | 12.319658 | 1,184.660 | 12.202513 | 0.000 | 12/31/03 | ||||||
9.318679 | 678,787.112 | 9.268321 | 1,063.812 | 9.193752 | 0.000 | 12/31/02 | ||||||
12.698027 | 675,126.139 | 12.641893 | 805.229 | 12.558761 | 0.000 | 12/31/01 | ||||||
16.774550 | 620,740.857 | N/A | N/A | N/A | N/A | 12/31/00 | ||||||
Morgan Stanley UIF Core Plus Fixed Income Portfolio-Class I (Inception Date 7/15/1997) | ||||||||||||
14.924840 | 558,865.908 | 14.740103 | 3,635.572 | 14.467333 | 0.000 | 12/31/09 | ||||||
13.805232 | 633,167.502 | 13.648199 | 3,509.017 | 13.416032 | 0.000 | 12/31/08 | ||||||
15.593051 | 790,109.961 | 15.431382 | 4,585.761 | 15.192047 | 0.000 | 12/31/07 | ||||||
14.997858 | 934,853.788 | 14.857509 | 4,453.465 | 14.649487 | 0.000 | 12/31/06 | ||||||
14.663212 | 1,031,163.550 | 14.540695 | 4,465.442 | 14.358886 | 0.000 | 12/31/05 | ||||||
14.269584 | 1,040,814.398 | 14.164679 | 3,763.472 | 14.008815 | 0.000 | 12/31/04 | ||||||
13.866152 | 1,111,500.860 | 13.778094 | 4,004.390 | 13.647097 | 0.000 | 12/31/03 | ||||||
13.437077 | 1,065,387.210 | 13.364910 | 4,148.255 | 13.257429 | 0.000 | 12/31/02 | ||||||
12.694998 | 713,042.852 | 12.639254 | 1,707.009 | 12.556166 | 0.000 | 12/31/01 | ||||||
11.776122 | 380,480.921 | N/A | N/A | N/A | N/A | 12/31/00 | ||||||
Morgan Stanley UIF U.S. Mid Cap Growth Portfolio-Class I (Inception Date 5/1/2007) | ||||||||||||
9.178449 | 89,948.195 | 9.153554 | 0.000 | 9.116318 | 0.000 | 12/31/09 | ||||||
5.904344 | 47,092.588 | 5.894304 | 479.719 | 5.879270 | 0.000 | 12/31/08 | ||||||
11.249638 | 24,266.882 | 11.241985 | 0.000 | 11.230503 | 0.000 | 12/31/07 |
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 | ||||||
Morgan Stanley UIF U.S. Real Estate Portfolio-Class I (Inception Date 7/15/1997) | ||||||||||||
23.259087 | 317,774.229 | 22.971146 | 41.219 | 22.545918 | 0.000 | 12/31/09 | ||||||
18.378595 | 350,079.782 | 18.169534 | 110.153 | 17.860387 | 0.000 | 12/31/08 | ||||||
30.015533 | 439,009.316 | 29.704466 | 625.320 | 29.243901 | 0.000 | 12/31/07 | ||||||
36.711245 | 617,880.841 | 36.367906 | 678.325 | 35.858905 | 0.000 | 12/31/06 | ||||||
26.969864 | 638,271.701 | 26.744644 | 587.744 | 26.410335 | 0.000 | 12/31/05 | ||||||
23.367170 | 618,052.255 | 23.195474 | 782.152 | 22.940309 | 0.000 | 12/31/04 | ||||||
17.374679 | 549,927.036 | 17.264400 | 958.761 | 17.100290 | 0.000 | 12/31/03 | ||||||
12.811814 | 469,712.672 | 12.743027 | 1,071.599 | 12.640537 | 0.000 | 12/31/02 | ||||||
13.094325 | 269,466.499 | 13.036863 | 14.584 | 12.951155 | 0.000 | 12/31/01 | ||||||
12.088940 | 147,402.642 | N/A | N/A | N/A | N/A | 12/31/00 | ||||||
Oppenheimer Balanced Fund/VA-Non-Service Shares (Inception Date 12/1/2004) | ||||||||||||
7.913698 | 172,651.262 | 7.872935 | 3,921.266 | 7.812194 | 0.000 | 12/31/09 | ||||||
6.584545 | 185,839.541 | 6.557275 | 6,830.317 | 6.516588 | 0.000 | 12/31/08 | ||||||
11.814395 | 264,436.247 | 11.777481 | 5,748.165 | 11.722315 | 0.000 | 12/31/07 | ||||||
11.545935 | 284,653.565 | 11.521604 | 5,109.117 | 11.485214 | 0.000 | 12/31/06 | ||||||
10.535194 | 293,699.326 | 10.523629 | 5,886.900 | 10.506322 | 0.000 | 12/31/05 | ||||||
10.284433 | 3,001.731 | 10.283548 | 3,000.955 | 10.282217 | 0.000 | 12/31/04 | ||||||
Oppenheimer Capital Appreciation Fund/VA-Non-Service Shares (Inception Date 12/1/2004) | ||||||||||||
9.803405 | 9.803405 | 9.803405 | 9.803405 | 9.803405 | 9.803405 | 9.803405 | ||||||
6.879768 | 6.879768 | 6.879768 | 6.879768 | 6.879768 | 6.879768 | 6.879768 | ||||||
12.807951 | 12.807951 | 12.807951 | 12.807951 | 12.807951 | 12.807951 | 12.807951 | ||||||
11.380578 | 11.380578 | 11.380578 | 11.380578 | 11.380578 | 11.380578 | 11.380578 | ||||||
10.691883 | 10.691883 | 10.691883 | 10.691883 | 10.691883 | 10.691883 | 10.691883 | ||||||
10.317159 | 10.317159 | 10.317159 | 10.317159 | 10.317159 | 10.317159 | 10.317159 | ||||||
Oppenheimer Main Street Fund®/VA-Non-Service Shares (Inception Date 12/1/2004) | ||||||||||||
9.691422 | 190,755.847 | 9.641497 | 0.000 | 9.567086 | 0.000 | 12/31/09 | ||||||
7.661801 | 169,948.768 | 7.630067 | 0.000 | 7.582722 | 0.000 | 12/31/08 | ||||||
12.629722 | 217,168.911 | 12.590252 | 705.457 | 12.531291 | 0.000 | 12/31/07 | ||||||
12.267378 | 188,104.597 | 12.241524 | 705.457 | 12.202856 | 0.000 | 12/31/06 | ||||||
10.816022 | 161,384.797 | 10.804162 | 723.894 | 10.786384 | 0.000 | 12/31/05 | ||||||
10.350617 | 13,062.128 | 10.349722 | 0.000 | 10.348387 | 0.000 | 12/31/04 | ||||||
PIMCO VIT Real Return Portfolio-Administrative Class (Inception Date 12/1/2004) | ||||||||||||
11.852373 | 424,389.110 | 11.791322 | 970.058 | 11.700396 | 0.000 | 12/31/09 | ||||||
10.153005 | 379,477.577 | 10.110958 | 589.763 | 10.048261 | 0.000 | 12/31/08 | ||||||
11.079101 | 207,278.006 | 11.044464 | 776.634 | 10.992739 | 0.000 | 12/31/07 | ||||||
10.154210 | 212,006.902 | 10.132796 | 776.634 | 10.100786 | 0.000 | 12/31/06 | ||||||
10.224854 | 240,401.144 | 10.213640 | 1,087.656 | 10.196826 | 0.000 | 12/31/05 | ||||||
10.156423 | 10,066.473 | 10.155546 | 0.000 | 10.154235 | 0.000 | 12/31/04 | ||||||
PIMCO VIT Total Return Portfolio-Administrative Class (Inception Date 12/1/2004) | ||||||||||||
12.982892 | 470,047.023 | 12.916087 | 7,279.428 | 12.816439 | 0.000 | 12/31/09 | ||||||
11.542860 | 423,985.467 | 11.495104 | 527.360 | 11.423797 | 0.000 | 12/31/08 | ||||||
11.170817 | 238,092.027 | 11.135916 | 778.595 | 11.083737 | 0.000 | 12/31/07 | ||||||
10.417487 | 207,153.358 | 10.395533 | 778.595 | 10.362666 | 0.000 | 12/31/06 | ||||||
10.173284 | 199,476.486 | 10.162115 | 1,094.555 | 10.145382 | 0.000 | 12/31/05 | ||||||
10.070332 | 627.100 | 10.069464 | 0.000 | 10.068162 | 0.000 | 12/31/04 |
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 | ||||||
Templeton Foreign Securities Fund (Inception Date 5/1/2007) | ||||||||||||
8.486115 | 104,462.210 | 8.463128 | 0.000 | 8.428705 | 0.000 | 12/31/09 | ||||||
6.280197 | 71,522.023 | 6.269535 | 0.000 | 6.253553 | 0.000 | 12/31/08 | ||||||
10.683643 | 40,534.202 | 10.676374 | 0.000 | 10.665467 | 0.000 | 12/31/07 | ||||||
Wilshire 2015 ETF Fund (Inception Date 5/1/2007) | ||||||||||||
8.853895 | 71,047.736 | 8.829912 | 0.000 | 8.794030 | 0.000 | 12/31/09 | ||||||
7.460428 | 46,470.538 | 7.447763 | 0.000 | 7.428792 | 0.000 | 12/31/08 | ||||||
10.007599 | 17,496.921 | 10.000788 | 0.000 | 9.990580 | 0.000 | 12/31/07 | ||||||
Wilshire 2025 ETF Fund (Inception Date 5/1/2007) | ||||||||||||
8.378892 | 23,545.507 | 8.356156 | 0.000 | 8.322224 | 0.000 | 12/31/09 | ||||||
7.054421 | 10,980.789 | 7.042424 | 0.000 | 7.024494 | 0.000 | 12/31/08 | ||||||
9.970642 | 8,817.071 | 9.963846 | 0.000 | 9.953669 | 0.000 | 12/31/07 | ||||||
Wilshire 2035 ETF Fund (Inception Date 5/1/2007) | ||||||||||||
7.790364 | 27,324.342 | 7.769237 | 0.000 | 7.737651 | 0.000 | 12/31/09 | ||||||
6.535932 | 20,882.706 | 6.524820 | 0.000 | 6.508192 | 0.000 | 12/31/08 | ||||||
9.921001 | 3,691.070 | 9.914240 | 0.000 | 9.904116 | 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. |
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: | John P. Gruber | |||
Its: Senior Vice President, General Counsel & Chief Compliance Officer |
||||