i
| Fixed Accumulation Account | ||
| One-Year Guaranteed Interest Rate Option | ||
| Three-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 | |
| The Contracts Involve Investment Risk and May Lose Value | |
ii
1 | ||||
3 | ||||
Contract Owner Transaction Expenses |
3 | |||
Annual Contract Maintenance Fee |
3 | |||
Separate Account Annual Expenses |
3 | |||
Total Annual Portfolio Operating Expenses |
3 | |||
Examples |
4 | |||
5 | ||||
Condensed Financial Information |
5 | |||
Financial Statements |
5 | |||
5 | ||||
What is the Separate Account? |
5 | |||
What Are the Contracts? |
5 | |||
How Do I Purchase or Cancel a Contract? |
5 | |||
Will Any Penalties or Charges Apply If I Make Withdrawals or Surrender a
Contract? |
6 | |||
What Other Charges and Deductions Apply to the Contract? |
6 | |||
How Do I Contact the Company? |
6 | |||
7 | ||||
Portfolios |
7 | |||
Additions or Substitutions of Portfolios |
10 | |||
10 | ||||
Charges and Deductions by the Company |
10 | |||
Contingent Deferred Sales Charge (CDSC) |
11 | |||
Contract Maintenance Fee |
12 | |||
Transfer Fee |
12 | |||
Administration Charge |
12 | |||
Mortality and Expense Risk Charge |
13 | |||
Premium Taxes |
13 | |||
Discretionary Waivers of Charges |
13 | |||
Expenses of the Portfolios |
13 | |||
14 | ||||
Purchase Payments |
14 | |||
Investment OptionsAllocations |
14 | |||
Principal Guarantee Program |
15 | |||
Renewal of Fixed Account Guarantee Options |
15 | |||
16 | ||||
Transfers |
16 | |||
Automatic Transfer Programs |
17 | |||
Telephone, Facsimile or Internet Transfers |
18 | |||
Changes in or Termination of Automatic Transfer Programs |
18 | |||
Transfer Restrictions Related to Active Trading Strategies |
18 | |||
19 | ||||
Surrender and Withdrawals |
19 | |||
Free Withdrawal Privilege |
19 | |||
Long-Term Care Waiver Rider |
19 | |||
Systematic Withdrawal |
20 |
iii
20 | ||||
Contract Loans |
20 | |||
20 | ||||
Termination |
20 | |||
21 | ||||
Reports and Confirmations |
21 | |||
Householding Revocation of Consent |
21 | |||
Electronic Delivery of Required Documents |
21 | |||
Legal Proceedings |
21 | |||
Voting Rights |
21 | |||
22 | ||||
Annuity Benefit |
22 | |||
23 | ||||
Death Benefit |
23 | |||
Death Benefit Amount |
23 | |||
Death Benefit Amount (Version 1) |
23 | |||
Death Benefit Amount (Version 2) |
24 | |||
Example of Determination of Death Benefit Amount (Version 1 and Version 2) |
25 | |||
Death Benefit Amount (Version 3) |
25 | |||
Payment of Benefits |
26 | |||
27 | ||||
Settlement Options |
27 | |||
28 | ||||
Right to Cancel |
28 | |||
Persons With Rights Under a Contract |
28 | |||
30 | ||||
30 | ||||
31 | ||||
32 | ||||
Tax Deferral on Annuities |
32 | |||
Tax-Qualified Retirement Plans |
32 | |||
Individual Retirement Annuities |
32 | |||
Roth IRAs |
33 | |||
Tax-Sheltered Annuities |
33 | |||
Texas Optional Retirement Program |
33 | |||
Pension, ProfitSharing, and 401(k) Plans |
33 | |||
Roth TSAs and Roth 401(k)s |
33 | |||
Governmental Deferred Compensation Plans |
33 | |||
Nonqualified Deferred Compensation Plans |
33 | |||
Summary of Income Tax Rules |
34 |
iv
35 | ||||
Calculation of Fixed Dollar Payments |
35 | |||
Calculation of Variable Dollar Payments |
35 | |||
Commuted Values |
35 | |||
36 | ||||
37 | ||||
Yield Data |
37 | |||
Total Return Data |
37 | |||
Other Performance Measures |
37 | |||
38 | ||||
39 | ||||
40 | ||||
47 | ||||
AIM Variable Insurance Funds |
47 | |||
American Century Variable Portfolios, Inc. |
48 | |||
Calamos® Advisors Trust |
49 | |||
Davis Variable Account Fund, Inc. |
49 | |||
Dreyfus Portfolios |
49 | |||
DWS Investments VIT Funds (1) |
50 | |||
Financial Investors Variable Insurance Trust |
51 | |||
Franklin Templeton Variable Insurance Products Trust |
51 | |||
Janus Aspen Series |
52 | |||
Oppenheimer Variable Account Funds |
53 | |||
PIMCO Variable Insurance Trust |
53 | |||
Van Kampen-The Universal Institutional Funds, Inc. |
53 | |||
Wilshire Variable Insurance Trust |
54 | |||
56 | ||||
Restrictions on Transfers; Disruptive Trading, Market Timing and Frequent Transfers |
56 | |||
U.S. Mail Restrictions on Persons Engaged in Harmful Trading Practices |
56 | |||
U.S Mail Restrictions on Managers of Multiple Contracts |
57 | |||
Other Restrictions |
57 |
v
Ø | The words we us and our in this prospectus also refer to Annuity Investors Life Insurance Company®. |
| The Annuity Commencement Date is the first day of the first payment interval for which an Annuity Benefit payment is to be made. The Annuity Commencement Date is shown on the Contract specifications page. | ||
| The Death Benefit Commencement Date is (1) the first day of the first payment interval for a Death Benefit that is paid as periodic payments or (2) the date of payment for a Death Benefit that is paid as a lump sum. |
1
Ø | The words you and your in this prospectus also refer to the Owner as defined above. |
2
Current | Maximum | |||||||
Maximum Contingent Deferred Sales Charge
(applies to purchase payments only) |
8.00 | % | 8.00 | % | ||||
Transfer Fee |
$ | 25 | * | $ | 30 | |||
Automatic Transfer Program Fee |
None | $ | 30 | |||||
Systematic Withdrawal Fee |
None | $ | 30 |
* | This fee currently applies to transfers in excess of 12 in any Contract Year. |
Loan Interest Spread** |
3.00 | % |
** | 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 that portion of the Contract used to secure the loan. |
Annual Contract Maintenance Fee |
$ | 30 |
Enhanced Contracts | ||||||||||||
with Administration | ||||||||||||
Standard Contracts | Enhanced Contracts | Charge Waived* | ||||||||||
Mortality and
Expense Risk Charge |
1.25 | % | 0.95 | % | 0.95 | % | ||||||
Administration Charge |
0.15 | % | 0.15 | % | 0.00 | % | ||||||
Total Separate
Account Annual
Expenses |
1.40 | % | 1.10 | % | 0.95 | % |
* | When we also expect to incur reduced administrative expenses, we may waive the Administration Charge. |
3
Minimum | Maximum | |||||||
Before any fee reduction or expense reimbursement |
0.27 | % | 10.73 | % | ||||
After contractual fee reductions and/or expense
reimbursements |
0.27 | % | 1.67 | % |
4
| 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 of $30 and Separate Account annual expenses of 1.40% are incurred. | |
| The maximum Portfolio expenses before reimbursement (10.73%) or after reimbursement (1.67%) are incurred or the minimum Portfolio expenses (0.27%) 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 year | 3 years | 5 years | 10 years | |||||||||||||
Maximum portfolio expenses before reimbursement
|
$ | 1,879 | $ | 3,983 | $ | 6,043 | $ | 11,401 | ||||||||
Maximum portfolio expenses after reimbursement |
$ | 1,045 | $ | 1,603 | $ | 2,259 | $ | 4,604 | ||||||||
Minimum portfolio expenses |
$ | 903 | $ | 1,155 | $ | 1,477 | $ | 2,839 |
1 year | 3 years | 5 years | 10 years | |||||||||||||
Maximum portfolio expenses before reimbursement
|
$ | 1,179 | $ | 3,483 | $ | 5,743 | $ | 11,401 | ||||||||
Maximum portfolio expenses after reimbursement |
$ | 345 | $ | 1,103 | $ | 1,959 | $ | 4,604 | ||||||||
Minimum portfolio expenses |
$ | 203 | $ | 655 | $ | 1,177 | $ | 2,839 |
5
| year-end accumulation unit values for each Subaccount from December 31, 1997 to December 31, 2006 (or from the end of the year of inception to December 31, 2006) | |
| number of accumulation units outstanding as of the end of each period. |
6
§ | 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. |
7
Portfolio | Adviser and Type of Fund | |
AIM Variable Insurance Funds |
||
AIM V.I. Capital Development Fund
|
A I M Advisors, Inc. | |
Series I Shares
|
Mid cap growth | |
AIM V.I. Core Equity Fund
|
A I M Advisors, Inc. | |
Series I Shares
|
Large cap blend | |
AIM V.I. Financial Services Fund
|
A I M Advisors, Inc. | |
Series I Shares
|
Sector | |
AIM V.I. Global Health Care Fund
|
A I M Advisors, Inc. | |
Series I Shares
|
Sector | |
AIM V.I. High Yield Fund
|
A I M Advisors, Inc. | |
Series I Shares
|
High yield bond | |
AIM V.I. Small Cap Equity Fund
|
A I M Advisors, Inc. | |
Series I Shares
|
Small cap blend | |
American Century Variable Portfolios, Inc. |
||
American Century VP Large Company Value Fund
|
American Century Investment Management, Inc. | |
Class I Shares
|
Large cap value | |
American Century VP Mid Cap Value Fund
|
American Century Investment Management, Inc. | |
Class I Shares
|
Mid cap value | |
American Century VP Ultraâ Fund
|
American Century Investment Management, Inc. | |
Class I Shares
|
Large cap growth | |
American Century VP VistaSM Fund
|
American Century Investment Management, Inc. | |
Class I Shares
|
Mid cap growth | |
Calamosâ Advisors Trust |
||
Calamos Growth and Income Portfolio
|
Calamos Advisors LLC | |
Convertibles |
8
Portfolio | Adviser and Type of Fund | |
Davis Variable Account Fund, Inc. |
||
Davis Value Portfolio
|
Davis Selected Advisers, L.P. | |
Sub-AdviserDavis Selected Advisers-NY, Inc. | ||
Large cap blend | ||
Dreyfus Portfolios |
||
Dreyfus Investment Portfolios MidCap Stock Portfolio
|
The Dreyfus Corporation | |
Service Shares
|
Mid cap blend | |
Dreyfus Investment Portfolio Technology Growth Portfolio |
The Dreyfus Corporation | |
Initial Shares
|
Sector | |
The Dreyfus Socially Responsible Growth Fund,
Inc.
|
The Dreyfus Corporation | |
Initial Shares
|
Large cap growth | |
Dreyfus Stock Index Fund, Inc.
|
The Dreyfus Corporation | |
Initial Shares
|
Index ManagerMellon Equity Associates (an affiliate of Dreyfus) | |
Large cap blend | ||
Dreyfus Variable Investment Fund Appreciation Portfolio |
The Dreyfus Corporation | |
Initial Shares
|
Sub-AdviserFayez Sarofim & Co | |
Large cap blend | ||
Dreyfus Variable Investment Fund Developing Leaders Portfolio Initial Shares |
The Dreyfus Corporation Small cap blend |
|
Dreyfus Variable Investment Fund Growth and
Income Portfolio Initial Shares |
The Dreyfus Corporation Large cap blend |
|
Dreyfus Variable Investment Fund Money Market Portfolio |
The Dreyfus Corporation Money market |
|
DWS Investments VIT Funds |
||
DWS Small Cap Index VIP Class A |
Deutsche Asset Management, Inc. Sub-AdviserNorthern Trust Investments, N.A. Small cap blend |
|
Financial Investors Variable Insurance Trust |
||
Ibbotson Balanced ETF Asset Allocation Portfolio Class II |
ALPS Advisers, Inc. Sub-AdviserIbbotson Associates, Inc. Asset allocation |
|
Ibbotson Conservative ETF Asset Allocation
Portfolio Class II |
ALPS Advisers, Inc. Sub-AdviserIbbotson Associates, Inc. Asset allocation |
|
Ibbotson Growth ETF Asset Allocation Portfolio Class II |
ALPS Advisers, Inc. Sub-AdviserIbbotson Associates, Inc. Asset allocation |
|
Ibbotson Income and Growth ETF Asset Allocation
Portfolio Class II |
ALPS Advisers, Inc. Sub-AdviserIbbotson Associates, Inc. Asset allocation |
|
Franklin Templeton Variable Insurance Products Trust |
||
Templeton Foreign Securities Fund Class 2 |
AdvisorTempleton Investment Counsel, LLC Sub-AdvisorFranklin Templeton Investment Management Limited Foreign large cap value |
9
Portfolio | Adviser and Type of Fund | |
Janus Aspen Series |
||
Janus Aspen Series Balanced Portfolio Institutional Shares |
Janus Capital Management LLC Balanced |
|
Janus Aspen Series Forty Portfolio Institutional Shares |
Janus Capital Management LLC Large cap growth |
|
Janus Aspen Series International Growth Portfolio Institutional Shares |
Janus Capital Management LLC Foreign large cap growth |
|
Janus Aspen Series Large Cap Growth Portfolio Institutional Shares |
Janus Capital Management LLC Large cap growth |
|
Janus Aspen Series Mid Cap Growth Portfolio Institutional Shares |
Janus Capital Management LLC Mid cap growth |
|
Oppenheimer Variable Account Funds |
||
Oppenheimer Balanced Fund/VA Non-Service Shares |
OppenheimerFunds Balanced |
|
Oppenheimer Capital Appreciation Fund/VA Non-Service Initial Shares |
OppenheimerFunds Large cap growth |
|
Oppenheimer Main Street Fund®/VA Non-Service Initial Shares |
OppenheimerFunds Large cap blend |
|
PIMCO Variable Insurance Trust |
||
PIMCO VIT Real Return Portfolio Administrative Class |
Pacific Investment Management Company LLC Inflation-indexed bond |
|
PIMCO VIT Total Return Portfolio Administrative Class |
Pacific Investment Management Company LLC Intermediate term bond |
|
Van KampenThe Universal Institutional Funds,
Inc. |
||
Van Kampen UIF Core Plus Fixed Income Portfolio Class I |
Van Kampen(1) Intermediate term bond |
|
Van Kampen UIF Mid Cap Growth Portfolio Class I |
Van Kampen(1) Mid cap growth |
|
Van Kampen UIF U.S. Mid Cap Value Portfolio Class I |
Van Kampen(1) Mid cap value |
|
Van Kampen UIF U.S. Real Estate Portfolio Class I |
Van Kampen(1) Specialty-real estate |
|
Van Kampen UIF Value Portfolio Class I |
Van Kampen(1) Large cap value |
|
Wilshire Variable Insurance Trust |
||
Wilshire 2010 Moderate Fund
|
Wilshire Associates Incorporated Target maturity |
|
Wilshire 2015 Moderate Fund
|
Wilshire Associates Incorporated Target maturity |
|
Wilshire 2025 Moderate Fund
|
Wilshire Associates Incorporated Target maturity |
|
Wilshire 2035 Moderate Fund
|
Wilshire Associates Incorporated Target maturity |
|
Wilshire 2045 Moderate Fund
|
Wilshire Associates Incorporated Target maturity |
(1) | Morgan Stanley Investment Management Inc., which does business in certain
instances using the name Van Kampen, serves as the investment advisor to the U.S. Mid Cap Value,
Value, Core Plus Fixed Income and U.S. Real Estate Portfolios. |
10
11
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 or more | ||||||||||||||||||||||||
CDSC as a
percentage of
purchase payment
withdrawn or
surrendered
|
7 | % | 6 | % | 5 | % | 4 | % | 3 | % | 2 | % | 1 | % | 0 | % |
When Assessed | On surrenders or withdrawals of purchase payments during the Accumulation Period. | |||||
Assessed Against What | Purchase payments only, not earnings. See the Surrender and Withdrawals section of this prospectus for information on order of withdrawal of earnings and purchase payments. | |||||
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 the 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. | |||||
§ | Successor Owner election. See the Account Value section of this prospectus for information. | |||||
§ | Where required to satisfy state law or required for participation in certain retirement plans. |
12
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 Assessed | During the Accumulation Period the charge is deducted 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. | |||||
Assessed Against What | Amounts invested in the Subaccounts. During the Accumulation Period, the charge is deducted pro rata from the Subaccounts in which the Contract has an interest on the date of the charge. During the Benefit Payment Period, a pro rata portion of the annual charge is deducted from each benefit payment from the variable account. The charge is not assessed against the Fixed Account options. | |||||
Waivers | § | During Accumulation Period if the Account Value is at least $40,000 on the date the charge is due (individual contracts only). | ||||
§ | During 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 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 which can be made without incurring the charge at any time. | |||
When Assessed | During the Accumulation Period. | |||
Assessed Against What | Deducted from 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%. | |||
When Assessed | During the Accumulation Period and during the Benefit Payment Period if a variable dollar benefit is elected. | |||
Assessed Against What | Amounts invested in the Subaccounts. Not assessed against the Fixed Account options. | |||
Waivers | May be waived or reduced in the Companys discretion where the Company incurs reduced sales and servicing expenses. |
13
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 make 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 Assessed | During the Accumulation Period, and during the Benefit Payment Period if a variable dollar benefit is elected. | |||
Assessed Against What | Amounts invested in the Subaccounts. Not assessed against the Fixed Account options. | |||
Waivers | When the Company expects to incur reduced sales and servicing expenses, it may issue a Contract with a reduced mortality and expense risk charge. These Contracts are referred to as Enhanced Contracts. The mortality and expense risk charge under an Enhanced Contract is 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%. |
14
Tax-Qualified | Non-Tax-Qualified | |||||||
Minimum initial purchase payment |
$ | 2,000 | $ | 5,000 | ||||
Minimum monthly payment 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 |
15
Tax-Qualified and Non-Tax-Qualified | ||
Minimum allocation to any Subaccount
|
$10 | |
Minimum allocation to fixed
accumulation account
|
$10 | |
Minimum allocation to Fixed Account
guarantee period option
|
$2,000 No amounts may be allocated to a guarantee period option that 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, but the Company reserves the right to require that purchase payment(s) be allocated to the money market Subaccount or to the Fixed Accumulation Account option during the right to cancel period. |
16
Tax-Qualified and Non-Tax-Qualified | ||
Minimum transfer from any Subaccount
|
$500 or balance of Subaccount, if less | |
Minimum transfer from Fixed Account option
|
$500 or balance of Fixed Account option, if less | |
Minimum transfer to Fixed Account
guarantee period option
|
$2,000 No amounts may be transferred to a guarantee period option, that would extend beyond the Annuity Commencement Date. |
|
Maximum transfer from Fixed Account
option other than Fixed Account
guarantee period option which is
maturing
|
During any contract year, 20% of the Fixed Account options value as of the most recent contract anniversary. | |
Transfers 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 transferred to the Five-Year Guaranteed Interest Rate Option and the Seven-Year Guaranteed Interest Rate Option only during the first contract year. | |
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 6
months from the date of the original transfer. |
17
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. |
18
19
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 penalty for early withdrawal | When applicable, 10% of amount distributed before age 591/2 (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 on first-in, first-out basis (CDSC may apply) |
20
21
30
31
* | 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. |
32
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. |
33
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. |
1) | the Account Value on the Death Benefit Valuation Date; or | ||
2) | the Minimum Death Benefit; or | ||
3) | the Historic High Value; |
34
1
|
| $80,000
|
Account Value immediately after withdrawal Account Value immediately before withdrawal |
= 11.1111% | Percentage 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 |
Immediately after the withdrawal, the reduced Purchase Payments of $88,889 is greater than the Account Value of $80,000, so the Death Benefit amount would be $88,889. |
1998 Version
|
The Death Benefit will be an amount equal to the greater of (1) the Account Value as of the Death Benefit Valuation Date and (2) 100% of the Purchase Payment(s) received by us, less any amounts returned to you. |
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. |
35
36
37
38
39
40
41
42
43
Tax-Qualified Contracts and Employer Plans | Basic Non-Tax-Qualified Contracts | |||
Plan Types
|
IRC §401 (Pension, ProfitSharing,
401(k))
|
IRC §72 only | ||
IRC §403(b) (Tax-Sheltered
Annuities) |
||||
IRC §408 (IRA, SEP,
SIMPLE IRA) |
||||
IRC §408A (Roth IRA) |
||||
IRC §402A (Roth TSA or
Roth 401(k)) |
||||
IRC §457 |
||||
IRC §409A (Nonqualified Deferred
Compensation) |
||||
Who May Purchase a Contract |
Natural person, employer, or employer plan. Nonqualified deferred compensation plans will generally lose tax-deferred status of Contract itself. | Anyone. Non-natural person may purchase but will generally lose tax-deferred status. | ||
Restrictions on Distributions |
Distributions from tax-qualified Contracts may be restricted to meet requirements of the Internal Revenue Code and/or terms of the retirement plan. | None. | ||
Taxation of
Surrenders
|
If there is an after-tax investment in the contract, a pro rata portion of the amount surrendered is taxable income based on the ratio of investment in the contract to Account Value. Usually, 100% of distributions from a qualified plan must be included in taxable income because there were no after-tax contributions and therefore no investment in the contract. Distributions from §408A Roth IRA or §402A Roth TSA or Roth 401(k) are completely tax free if certain requirements are met. | Account Value in excess of
investment in the contract is
included in taxable income.
Generally, the investment in
the contract will equal the sum
of all purchase payments less
prior non-taxable withdrawals.
Surrenders are deemed to come
from earnings first, and
investment in the contract
last. For a Contract purchased through a IRC §1035 exchange that includes contributions made before August 14, 1982, withdrawals are not taxable until those contributions have been returned in full. |
||
Taxation of Benefit Payments (annuity benefit payments or death benefit payments) | 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 §408A Roth IRA or §402A Roth TSA or Roth 401(k) are completely tax free if certain requirements are met. | |||
Taxation of Lump Sum Death Benefit | Taxed to recipient generally in same manner as full surrender. | |||
Possible Penalty
Taxes for
Surrenders and
Benefit Payments
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 or §409A nonqualified deferred compensation plans. Other exceptions may apply. | 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 of
Contract/Transfer
of
Ownership
|
Assignment and transfer of Ownership generally not permitted. | Generally, deferred earnings taxable to transferor on transfer or assignment; transferees investment in the contract is increased by same amount. 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. Distributions under nongovernmental §457(b) plan, 457(f) plan, and nonqualified deferred compensation plan are subject to wage withholding. For all other payments, Payee may elect to have taxes withheld or not. | Generally, Payee may elect to have taxes withheld or not. |
44
45
46
| compare the performance of a Subaccount with applicable indices and/or industry averages | |
| present performance information that reflects the effects of tax-deferred compounding on Subaccount investment returns | |
| compare investment return on a tax-deferred basis with currently taxable investment return | |
| illustrate investment returns by graphs, charts, or otherwise |
47
48
Page | ||||
ANNUITY INVESTORS LIFE INSURANCE COMPANY® |
3 | |||
General Information and History |
3 | |||
State Regulations |
3 | |||
SERVICES |
3 | |||
Safekeeping of Separate Account Assets |
3 | |||
Records and Reports |
3 | |||
Experts |
3 | |||
DISTRIBUTION OF THE CONTRACTS |
4 | |||
CALCULATION OF PERFORMANCE INFORMATION |
4 | |||
Money Market Subaccount Standardized Yield Calculation |
4 | |||
Average Annual Total Return Calculation |
5 | |||
Cumulative Total Return Calculation |
6 | |||
Standardized Average Annual Total Return Data |
7 | |||
Non-Standardized Average Annual Total Return Data |
13 | |||
OTHER PERFORMANCE MEASURES |
22 | |||
BENEFIT UNITS-TRANSFER FORMULAS |
23 | |||
FEDERAL TAX MATTERS |
24 | |||
Taxation of Separate Account Income |
24 | |||
Tax Deferred Status of Non Qualified Contracts |
25 | |||
FINANCIAL STATEMENTS |
25 |
49
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 | ||||||||||||||||||
AIM V.I. Capital Development Fund-Series I Shares | ||||||||||||||||||||||||
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 | ||||||||||||||||||
AIM V.I. Core Equity Fund-Series I Shares | ||||||||||||||||||||||||
10.812798 |
946,182.515 | 10.834974 | 3,675.733 | 10.846037 | 0.000 | 12/31/06 | ||||||||||||||||||
AIM V.I. Financial Services Fund-Series I Shares | ||||||||||||||||||||||||
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 | ||||||||||||||||||
AIM V.I. Global Health Care Fund-Series I Shares | ||||||||||||||||||||||||
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 | ||||||||||||||||||
AIM V.I. High Yield Fund-Series I Shares | ||||||||||||||||||||||||
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 | ||||||||||||||||||
10.689459 |
70,047.913 | 10.735898 | 7.556 | 10.759164 | 0.000 | 12/31/98 | ||||||||||||||||||
10.687084 |
10,260.821 | 10.701757 | 0.000 | 10.709127 | 0.000 | 12/31/97 | ||||||||||||||||||
AIM V.I. Small Cap Equity Fund-Series I Shares | ||||||||||||||||||||||||
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 | ||||||||||||||||||
AIM V.I. Small Cap Growth Fund-Series I Shares | ||||||||||||||||||||||||
10.356858 |
145,499.534 | 10.534498 | 2,285.979 | 10.624408 | 0.000 | 12/31/06 | ||||||||||||||||||
9.203351 |
141,453.043 | 9.332860 | 465.384 | 9.398306 | 0.000 | 12/31/05 | ||||||||||||||||||
8.873033 |
123,848.236 | 8.970653 | 388.008 | 9.019944 | 0.000 | 12/31/04 | ||||||||||||||||||
7.900935 |
131,306.947 | 7.963751 | 34.809 | 7.995424 | 0.000 | 12/31/03 | ||||||||||||||||||
6.004149 |
155,173.901 | 6.033996 | 0.000 | 6.049012 | 0.000 | 12/31/02 | ||||||||||||||||||
8.838420 |
27,720.462 | 8.856003 | 0.000 | 8.864827 | 0.000 | 12/31/01 |
50
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 | ||||||||||||||||||||||||
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 VPMid Cap Value Fu nd-Class I Shares | ||||||||||||||||||||||||
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
VPUltra® Fund-Class I Shares |
||||||||||||||||||||||||
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 | ||||||||||||||||||||||||
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 | ||||||||||||||||||
Dreyfus IP Technology Growth Portfolios-Initial Shares | ||||||||||||||||||||||||
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 | ||||||||||||||||||
The Dreyfus Socially Responsible Growth Fund, Inc.-Initial Shares | ||||||||||||||||||||||||
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 | ||||||||||||||||||
16.894039 |
408,482.196 | 17.017705 | 351.586 | 17.079770 | 0.000 | 12/31/99 | ||||||||||||||||||
13.169143 |
140,614.024 | 13.226328 | 80.398 | 13.254881 | 0.000 | 12/31/98 | ||||||||||||||||||
10.320883 |
26,332.500 | 10.335055 | 0.000 | 10.342126 | 0.000 | 12/31/97 | ||||||||||||||||||
Dreyfus Stock Index Fund, Inc.-Initial Shares | ||||||||||||||||||||||||
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 | ||||||||||||||||||
15.760394 |
2,129,772.165 | 15.875757 | 616.234 | 15.933836 | 222.802 | 12/31/99 | ||||||||||||||||||
13.250646 |
779,485.606 | 13.308166 | 56.321 | 13.337028 | 0.000 | 12/31/98 | ||||||||||||||||||
10.479569 |
69,510.645 | 10.493943 | 0.000 | 10.501129 | 0.000 | 12/31/97 |
51
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 Appreciation Portfolio-Initial Shares | ||||||||||||||||||||||||
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 | ||||||||||||||||||
14.262203 |
517,772.082 | 14.366606 | 2,156.774 | 14.419045 | 154.147 | 12/31/99 | ||||||||||||||||||
12.975443 |
170,523.015 | 13.031774 | 100.415 | 13.059918 | 0.000 | 12/31/98 | ||||||||||||||||||
10.103905 |
18,347.666 | 10.117776 | 0.000 | 10.124633 | 0.000 | 12/31/97 | ||||||||||||||||||
Dreyfus VIF Developing Leaders Portfolio-Initial Shares | ||||||||||||||||||||||||
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 | ||||||||||||||||||
11.984035 |
275,503.637 | 12.071820 | 486.764 | 12.116077 | 199.908 | 12/31/99 | ||||||||||||||||||
9.867472 |
171,968.905 | 9.910354 | 14.492 | 9.931930 | 0.000 | 12/31/98 | ||||||||||||||||||
10.362314 |
41,359.506 | 10.376538 | 0.000 | 10.383658 | 0.000 | 12/31/97 | ||||||||||||||||||
Dreyfus VIF Growth and Income Portfolio-Initial Shares | ||||||||||||||||||||||||
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 | ||||||||||||||||||
12.961023 |
331,756.261 | 13.055905 | 650.409 | 13.103601 | 0.000 | 12/31/99 | ||||||||||||||||||
11.243790 |
159,409.837 | 11.292611 | 5.049 | 11.251722 | 0.000 | 12/31/98 | ||||||||||||||||||
10.196538 |
32,231.762 | 10.210527 | 0.000 | 10.217481 | 0.000 | 12/31/97 | ||||||||||||||||||
Dreyfus VIF Money Market Portfolio | ||||||||||||||||||||||||
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 | ||||||||||||||||||
1.083700 |
2,638,837.162 | 1.090994 | 8,490.939 | 1.096462 | 0.000 | 12/31/99 | ||||||||||||||||||
1.050876 |
658,981.650 | 1.055214 | 555.360 | 1.059678 | 0.000 | 12/31/98 | ||||||||||||||||||
1.016499 |
0.000 | 1.017876 | 0.000 | 1.018560 | 0.000 | 12/31/97 |
52
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 | ||||||||||||||||||
DWS Small Cap Index VIP Fund-Class A | ||||||||||||||||||||||||
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 | ||||||||||||||||||
11.606269 |
15,259.149 | 11.629080 | 0.000 | 11.640544 | 0.000 | 12/31/99 | ||||||||||||||||||
Janus Aspen Series Balanced Portfolio-Institutional Shares | ||||||||||||||||||||||||
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 | ||||||||||||||||||
17.556100 |
1,571,579.505 | 17.684597 | 2,931.027 | 17.749154 | 111.555 | 12/31/99 | ||||||||||||||||||
14.043929 |
373,285.807 | 14.104892 | 214.770 | 14.135421 | 0.000 | 12/31/98 | ||||||||||||||||||
10.604609 |
30,519.754 | 10.619159 | 0.000 | 10.626394 | 0.000 | 12/31/97 | ||||||||||||||||||
Janus Aspen Series Forty Portfolio-Institutional Shares | ||||||||||||||||||||||||
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 | ||||||||||||||||||
13.234548 |
471,936.628 | 13.260556 | 4.141 | 13.273610 | 170.622 | 13/31/99 | ||||||||||||||||||
Janus Aspen Series International Growth Portfolio-Institutional Shares | ||||||||||||||||||||||||
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 | ||||||||||||||||||
20.234788 |
142,343.325 | 20.382770 | 2,330.619 | 20.457001 | 0.000 | 12/31/99 | ||||||||||||||||||
11.256365 |
45,382.775 | 11.305246 | 58.950 | 11.329668 | 0.000 | 12/31/98 | ||||||||||||||||||
9.735841 |
12,541.039 | 9.749214 | 0.000 | 9.755900 | 0.000 | 12/31/97 |
53
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 Series Large Cap Growth Portfolio-Institutional Shares | ||||||||||||||||||||||||
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 | ||||||||||||||||||
19.453513 |
643,514.256 | 19.595874 | 1,374.992 | 19.667608 | 109.122 | 12/31/99 | ||||||||||||||||||
13.699715 |
172,190.630 | 13.759186 | 84.318 | 13.789099 | 0.000 | 12/31/98 | ||||||||||||||||||
10.239960 |
32,737.591 | 10.254006 | 0.000 | 10.261077 | 0.000 | 12/31/97 | ||||||||||||||||||
Janus Aspen Series Mid Cap Growth Portfolio-Institutional Shares | ||||||||||||||||||||||||
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 | ||||||||||||||||||
31.565210 |
329,807.902 | 31.796057 | 829.264 | 31.911561 | 159.044 | 12/31/99 | ||||||||||||||||||
14.199318 |
53,896.345 | 14.260947 | 36.621 | 14.291595 | 0.000 | 12/31/98 | ||||||||||||||||||
10.723950 |
2,830.076 | 10.738659 | 0.000 | 10.745938 | 0.000 | 12/31/97 | ||||||||||||||||||
Oppenheimer Balanced Fund/VA-Initial Series | ||||||||||||||||||||||||
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-Initial Series | ||||||||||||||||||||||||
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-Initial Series | ||||||||||||||||||||||||
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 | ||||||||||||||||||
PIMCO VIT Real Return Portfolio-Administrative Class | ||||||||||||||||||||||||
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 | ||||||||||||||||||||||||
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 |
54
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 | ||||||||||||||||||
Van Kampen UIF Core Plus Fixed Income Portfolio-Class I | ||||||||||||||||||||||||
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 | ||||||||||||||||||
10.749115 |
279,193.758 | 10.827853 | 1,472.104 | 10.867507 | 0.000 | 12/31/99 | ||||||||||||||||||
11.079965 |
46,348.096 | 11.128092 | 30.906 | 11.152242 | 0.000 | 12/31/98 | ||||||||||||||||||
10.412276 |
4.653 | 10.426565 | 0.000 | 10.443738 | 0.000 | 12/31/97 | ||||||||||||||||||
Van Kampen UIF U.S. Mid Cap Value Portfolio-Class I |
||||||||||||||||||||||||
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 | ||||||||||||||||||
15.049488 |
183,388.647 | 15.159702 | 827.448 | 15.215264 | 0.000 | 12/31/99 | ||||||||||||||||||
12.705082 |
111,076.120 | 12.760268 | 15.684 | 12.788027 | 0.000 | 12/31/98 | ||||||||||||||||||
11.113227 |
16,674.966 | 11.128478 | 0.000 | 11.136071 | 0.000 | 12/31/97 | ||||||||||||||||||
Van Kampen UIF U.S. Real Estate Portfolio-Class I | ||||||||||||||||||||||||
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 | ||||||||||||||||||
9.482378 |
86,941.426 | 9.551867 | 733.827 | 9.586849 | 0.000 | 12/31/99 | ||||||||||||||||||
9.758808 |
43,786.457 | 9.801228 | 10.564 | 9.822531 | 0.000 | 12/31/98 | ||||||||||||||||||
11.101269 |
7,200.060 | 11.116503 | 0.000 | 11.124047 | 0.000 | 12/31/97 | ||||||||||||||||||
Van Kampen UIF Value Portfolio-Class I | ||||||||||||||||||||||||
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 | ||||||||||||||||||
9.536137 |
78,330.649 | 9.605992 | 703.796 | 9.641132 | 0.000 | 12/31/99 | ||||||||||||||||||
9.848411 |
34,212.111 | 9.891198 | 23.284 | 9.912646 | 0.000 | 12/31/98 | ||||||||||||||||||
10.204064 |
9,944.401 | 10.218060 | 0.000 | 10.225073 | 0.000 | 12/31/97 |
55
56
Portfolio / Advisor | Investment Objective / Strategy |
AIM V.I. Capital Development Fund
Series I Shares Advisor A I M Advisors, Inc. |
The funds investment objective is long-term growth of capital. The fund seeks to meet its objective by investing primarily in equity securities of mid-capitalization companies. The fund may also invest up to 25% of its total assets in foreign securities. Any percentage limitations with respect to assets of the fund are applied at the time of purchase. | |
AIM V.I. Core Equity Fund Series I Shares
Advisor A I M Advisors, Inc. |
The funds investment objective is growth of capital. The fund seeks to meet its objectives by investing, normally, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities including convertible securities, of established companies that have long-term above-average growth in earnings, and growth companies that the portfolio manager believes have the potential for above-average growth in earnings. In complying with this 80% investment requirement, the funds investments may include synthetic instruments. The fund may also invest up to 25% of its total assets in foreign securities. Any percentage limitations with respect to assets of the fund are applied at the time of purchase. | |
AIM V.I. Financial Services Fund Series I
Shares Advisor A I M Advisors, Inc. |
The fund seeks capital growth. It is actively managed. The fund invests primarily in equity securities that the Advisor believes will rise in price faster than other securities, as well as in options and other investments whose values are based upon the values of equity securities. The fund normally invests at least 80% of its net assets in the equity securities and equity-related instruments of companies involved in the financial services sector. The fund may invest up to 25% of its assets in securities of non-U.S. issuers. Securities of Canadian issuers and American Depositary Receipts are not subject to this 25% limitation. | |
AIM V.I. Global Health Care Fund Series I
Shares Advisor A I M Advisors, Inc. |
The funds investment objective is capital growth. The fund seeks to meet its objective by investing, normally, at least 80% of its assets in securities of health care industry companies. The fund may invest in debt securities issued by health care industry companies, or in equity and debt securities of other companies believed will benefit from developments in the health care industry. The fund will normally invest in securities of companies located in at least three different countries, including the United States and may invest a significant portion of its assets in the securities of U.S. issuers. However, the fund will invest no more than 50% of its total assets in the securities of issuers in any one country, other than the U.S. The fund may invest up to 20% of its total assets in companies located in developing countries, i.e., those countries that are in the initial stages of their industrial cycle. The fund may also invest up to 5% of its total assets in lower-quality debt securities, i.e., junk bonds. Any percentage limitations with respect to assets of the fund are applied at the time of purchase. |
57
Portfolio / Advisor | Investment Objective / Strategy | |
AIM V.I. High Yield Fund Series I Shares
Advisor A I M Advisors, Inc. |
The funds investment objective is to achieve a high level of current income. The fund seeks to meet its objective by investing, normally, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in non-investment grade debt securities, i.e. junk bonds. In complying with this 80% investment requirement, the funds investments may include investments in synthetic instruments. The fund may invest up to 25% of its total assets in foreign securities. The fund may also invest in credit derivatives. Any percentage limitations with respect to assets of the fund are applied at the time of purchase. | |
AIM V.I. Small Cap Equity Fund Series I
Shares Advisor A I M Advisors, Inc. |
The funds investment objective is long-term growth of capital. The fund seeks to meet its objective by investing, normally, at least 80% of its assets in equity securities, including convertible securities, of small-capitalization companies. In complying with the 80% investment requirement, the funds investments may include synthetic instruments. The fund may also invest up to 25% of its total assets in foreign securities. Any percentage limitations with respect to assets of the fund are applied at the time of purchase. | |
American Century VP Large Company
Value Fund Class I Shares Advisor American Century Investment Management, Inc. |
The Fund seeks long-term capital growth. Income is a secondary objective. In selecting stocks for the Fund, its managers look for companies whose stock price may not reflect the companies value. The managers attempt to purchase the stocks of these undervalued companies and hold them until their stock price has increased to, or is higher than, a level the managers believe more accurately reflects the fair value of the company. The Fund invests primarily in larger companies. Under normal market conditions, the Fund will have at least 80% of its assets in equity securities of companies comprising the Russell 1000® Index. | |
American Century VP Mid Cap Value Fund
Class I Shares Advisor American Century Investment Management, Inc. |
The Fund seeks long-term capital growth. Income is a secondary objective. Its managers look for stocks of companies that they believe are undervalued at the time of purchase. The managers use a value investment strategy that looks for companies that are temporarily out of favor in the market. The managers attempt to purchase the stocks of these undervalued companies and hold them until they have returned to favor in the market and their stock prices have gone up. The Fund will invest at least 80% of its assets in securities of companies whose market capitalization at the time of purchase is within the capitalization range of the Russell 3000® Index, excluding the largest 100 such companies. The managers intend to manage the Fund so that its weighted capitalization falls within the capitalization range of the members of the Russell Midcap® Index. | |
American Century VP Ultraâ
Fund Class I Shares Advisor American Century Investment Management, Inc. |
The Fund seeks long-term growth. Its managers look for stocks of large companies they believe will increase in value over time using a growth investment strategy developed by American Century. This strategy looks for companies with earnings and revenues that are not only growing, but growing at a successively faster, or accelerating, pace. This strategy is based on the premise that, over the long term, stocks of companies with accelerating earnings and revenues have a greater-than-average chance to increase in value. | |
American Century VP VistaSM Fund
Class I Shares Advisor American Century Investment Management, Inc. |
The Fund seeks long-term capital growth. Its managers look for stocks of medium-sized and smaller companies they believe will increase in value over time, using a growth investment strategy developed by American Century. This strategy looks for companies with earnings and revenues that are not only growing, but growing at a successively faster, or accelerating pace. This strategy is based on the premise that, over the long term, the stocks of companies with accelerating earnings and revenues have a greater-than-average chance to increase in value. |
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Portfolio / Advisor | Investment Objective / Strategy |
Calamos Growth and Income Portfolio
Advisor Calamos Advisors LLC |
The portfolio seeks high long-term return through growth and current income. The portfolio invests primarily in a diversified portfolio of convertible, equity and fixed-income securities. In seeking to meet its investment objective, the portfolios adviser utilizes highly disciplined institutional management strategies designed to help enhance investment returns while managing risk. As part of these strategies, an in-depth proprietary analysis is employed on an issuing company and its securities. | |
Davis Value Portfolio Advisor Davis Selected Advisors, L.P. Sub-Advisor Davis Selected AdvisersNY, Inc. |
The funds investment objective is long-term growth of capital. The advisor uses the Davis Investment Discipline to invest the majority of the funds assets in equity securities issued by large companies with market capitalization of at least $10 billion. The advisor conducts extensive research to identify businesses that possess characteristics it believes foster the creation of long-term value, such as proven management, a durable franchise and business model, and sustainable competitive advantages. It aims to invest in such businesses when they are trading at a discount to their intrinsic value. |
The Dreyfus Socially Responsible
Growth Fund, Inc. Initial Shares Advisor The Dreyfus Corporation |
The fund seeks to provide capital growth, with current income as a secondary goal. To pursue these goals, the fund, under normal circumstances, invests at least 80% of its assets in the common stocks of companies that, in the opinion of the funds management, meet traditional investment standards and conduct their business in a manner that contributes to the enhancement of the quality of life in America. | |
Dreyfus Stock Index Fund, Inc., Initial
Shares Advisor The Dreyfus Corporation Index Sub-Investment Adviser Mellon Equity Associates |
The fund seeks to match the total return of the Standard & Poors 500 Composite Stock Price Index. To pursue this goal, the fund generally invests in all 500 stocks in the S&P 500® in proportion to their weighting in the index. | |
Dreyfus Investment Portfolios MidCap Stock Portfolio Initial Shares Advisor The Dreyfus Corporation |
The portfolio seeks investment results that are greater than the total return performance of publicly traded common stocks of medium-size domestic companies in the aggregate, as represented by the Standard & Poors MidCap 400® Index (S&P 400). To pursue this goal, the portfolio normally invests at least 80% of its assets in stocks of midsize companies. | |
Dreyfus Investment Portfolios Technology Growth Portfolio Initial Shares Advisor The Dreyfus Corporation |
The portfolio seeks capital appreciation. To pursue this goal, the portfolio normally invests at least 80% of its assets in the stocks of growth companies of any size that Dreyfus believes to be leading producers or beneficiaries of technological innovation. |
59
Portfolio / Advisor | Investment Objective / Strategy | |
Dreyfus Variable Investment Fund (VIF)
Appreciation Portfolio Initial Shares
Advisor The Dreyfus Corporation Sub-Adviser Fayez Sarofim & Co. |
The portfolio seeks long-term capital growth consistent with the preservation of capital. Its secondary goal is current income. To pursue these goals, the portfolio normally invests at least 80% of its assets in common stocks. The portfolio focuses on blue chip companies with total market capitalizations of more than $5 billion at the time of purchase, including multinational companies. | |
Dreyfus Variable Investment Fund (VIF)
Developing Leaders Portfolio Initial
Shares Advisor The Dreyfus Corporation |
The portfolio seeks capital growth. To pursue this goal, the portfolio normally invests at least 80% of its assets in the stocks of companies Dreyfus believes to be developing leaders: companies characterized by new or innovative products, services or processes having the potential to enhance earnings or revenue growth. Based on current market conditions, the portfolio primarily invests in companies with total market values of less than $2 billion at the time of purchase. | |
Dreyfus Variable Investment Fund (VIF)
Growth and Income Portfolio Initial
Shares Advisor The Dreyfus Corporation |
The portfolio seeks long-term capital growth, current income and growth of income consistent with reasonable investment risk. To pursue these goals, the portfolio invests primarily in stocks of domestic and foreign issuers. The portfolios stock investments may include common stocks, preferred stocks and convertible securities, including those purchased in initial public offerings. | |
Dreyfus Variable Investment Fund (VIF)
Money Market Portfolio Advisor The Dreyfus Corporation |
The portfolio seeks as high a level of current income as is consistent with the preservation of capital and the maintenance of liquidity. An investment in a money market portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation, or any other government agency. Although a money market portfolio seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market portfolio. |
DWS Small Cap Index VIP-
Class A Advisor Deutsche Investment Management Americas Inc., Subadvisor Northern Trust Investments, N.A. |
The Portfolio seeks to replicate, as closely as possible, before the deduction of expenses, the performance of the Russell 2000 Index, which emphasizes stocks of small US companies. Under normal circumstances, the Portfolio intends to invest at least 80% of its assets, determined at the time of purchase, in stocks of companies included in the Russell 2000 Index and in derivative instruments, such as stock index futures contracts and options that provide exposure to the stocks of companies in the Russell 2000 Index. |
(1) | DWS Scudder is part of Deutsche Asset Management, which is the marketing name in the U.S. for the asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust Company. |
Ibbotson Balanced ETF Asset Allocation
Portfolio Adviser ALPS Advisers, Inc. Subadviser Ibbotson Associates, Inc. |
The Portfolio seeks to provide investors with capital appreciation and some current income. The Portfolio invests, under normal circumstances, at least 80% of its net assets plus the amount of any borrowings for investment purposes, in securities of exchange-traded funds (each, an Underlying ETF and collectively, the Underlying ETFs). The Portfolio will notify you in writing at least 60 days before making any changes to this policy. For the purposes of this 80% investment policy, assets are measured at the time of purchase. |
60
Portfolio / Advisor | Investment Objective / Strategy | |
Ibbotson Conservative ETF Asset Allocation
Portfolio Adviser ALPS Advisers, Inc. Subadviser Ibbotson Associates, Inc. |
The Portfolio seeks to provide investors with current income and preservation of capital. The Portfolio invests, under normal circumstances, at least 80% of its net assets plus the amount of any borrowings for investment purposes, in securities of exchange-traded funds (each, an Underlying ETF and collectively, the Underlying ETFs). The Portfolio will notify you in writing at least 60 days before making any changes to this policy. For the purposes of this 80% investment policy, assets are measured at the time of purchase. | |
Ibbotson Growth ETF Asset Allocation
Portfolio Adviser ALPS Advisers, Inc. Subadviser Ibbotson Associates, Inc. |
The Portfolio seeks to provide investors with capital appreciation. The Portfolio invests, under normal circumstances, at least 80% of its net assets plus the amount of any borrowings for investment purposes, in securities of exchange-traded funds (each, an Underlying ETF and collectively, the Underlying ETFs). The Portfolio will notify you in writing at least 60 days before making any changes to this policy. For the purposes of this 80% investment policy, assets are measured at the time of purchase. | |
Ibbotson Income and Growth ETF Asset
Allocation Portfolio Adviser ALPS Advisers, Inc. Subadviser Ibbotson Associates, Inc. |
The Portfolio seeks to provide investors with current income and capital appreciation. The Portfolio invests, under normal circumstances, at least 80% of its net assets plus the amount of any borrowings for investment purposes, in securities of exchange-traded funds (each, an Underlying ETF and collectively, the Underlying ETFs). The Portfolio will notify you in writing at least 60 days before making any changes to this policy. For the purposes of this 80% investment policy, assets are measured at the time of purchase. |
Templeton Foreign Securities Fund
Class 2 Advisor Templeton Investment Counsel, LLC |
Seeks long-term capital growth. The Fund normally invests at least 80% of its net assets in investments of issuers located outside the U.S., including those in emerging markets, and normally invests predominantly in equity securities. |
Janus Aspen Series Balanced Portfolio
Institutional Shares Advisor Janus Capital Management LLC |
This diversified portfolio seeks long-term capital growth, consistent with preservation of capital and balanced by current income. The Portfolio normally invests 50-60% of its assets in equity securities selected primarily for their growth potential and 40-50% of its assets in securities selected primarily for their income potential. Within the parameters of its specific investment policies, the portfolio may invest in foreign equity and debt securities, which may include investments in emerging markets. The Portfolio will normally invest at least 25% of its assets in fixed-income senior securities. The portfolio will limit its investment in high-yield/high-risk (also called junk bonds) to 35% or less of its net assets. | |
Janus Aspen Series Forty Portfolio
Institutional Shares Advisor Janus Capital Management LLC |
This non-diversified portfolio seeks long-term growth of capital by normally investing primarily in a core group of 20-40 common stocks selected for their growth potential. The portfolio may invest in companies of any size, from larger, well-established companies to smaller, emerging growth companies. Within the parameters of its specific investment policies, the portfolio may invest in foreign equity and debt securities, which may include investments in emerging markets. |
61
Portfolio / Advisor | Investment Objective / Strategy | |
Janus Aspen Series International Growth
Portfolio Institutional Shares Advisor Janus Capital Management LLC |
This diversified portfolio seeks long-term growth of capital by investing, under normal circumstances, at least 80% of its net assets plus the amount of any borrowings for investment purposes, in securities of issuers from several different countries, excluding the United States. Although the portfolio intends to invest substantially all of its assets in issuers located outside the United States, it may at times invest in U.S. issuers, and it may, under unusual circumstances, invest all of its assets in a single country. The portfolio may have significant exposure to emerging markets. Within the parameters of its specific investment policies, the portfolio may invest in foreign equity and debt securities, which may include investments in emerging markets. | |
Janus Aspen Series Large Cap Growth
Portfolio Institutional Shares Advisor Janus Capital Management LLC |
This portfolio seeks long-term growth of capital in a manner consistent with the preservation of capital by investing, under normal circumstances, at least 80% of its net assets plus the amount of any borrowings for investment purposes, in common stocks of large-sized companies. Large sized companies are those whose market capitalization falls within the range of companies in the Russell 1000 Index at the time of purchase. Within the parameters of its specific investment policies, the portfolio may invest without limit in foreign equity and debt securities, which may include investments in emerging markets. | |
Janus Aspen Series Mid Cap Growth Portfolio
Institutional Shares Advisor Janus Capital Management LLC |
This diversified portfolio seeks long-term growth of capital by investing, under normal circumstances, at least 80% of its net assets plus the amount of any borrowings for investment purposes, in equity securities of mid -sized companies whose market capitalization falls, at the time of purchase, in the 12-month average of the capitalization range of the Russell Midcap Growth Index. Within the parameters of its specific investment policies, the portfolio may invest in foreign equity and debt securities, which may include investments in emerging markets. | |
Oppenheimer Balanced Fund/VA
Non-Service Shares Advisor OppenheimerFunds, Inc. |
The Fund seeks a high total investment return, which includes current income and capital appreciation in the value of its shares. | |
Oppenheimer Capital Appreciation Fund/VA
Non-Service Shares Advisor OppenheimerFunds, Inc. |
The Fund seeks capital appreciation by investing in securities of well-known, established companies. | |
Oppenheimer Main Street Fund®/VA
Non-Service Shares Advisor OppenheimerFunds, Inc. |
The Fund seeks high total return (which includes growth in the value of its shares as well as current income) from equity and debt securities. |
PIMCO VIT Real Return Portfolio
Administrative Class Advisor Pacific Investment Management Company LLC |
The Portfolio seeks maximum real return consistent with preservation of real capital and prudent investment management. The Portfolio invests under normal circumstances at least 80% of its assets in inflation-indexed bonds of varying maturities issued by the U. S. and non-U. S. governments, their agencies or government-sponsored enterprises and corporations. |
62
Portfolio / Advisor | Investment Objective / Strategy | |
PIMCO VIT Total Return Portfolio
Administrative Class Advisor Pacific Investment Management Company LLC |
The Portfolio seeks maximum total return consistent with preservation of capital and prudent investment management. The Portfolio invests under normal circumstances at least 65% of its assets in a diversified Portfolio of Fixed Income Instruments of varying maturities. The Funds average portfolio duration normally varies within a three- to six-year time frame, based on the Advisors forecast for interest rates. |
Van Kampen UIF Core Plus Fixed Income
Portfolio Class I Adviser Van Kampen(1) |
The investment objective of the Core Plus Fixed Income Portfolio is to seek above-average total return over a market cycle of three to five years by investing primarily in a diversified portfolio of fixed income securities. The Portfolio invests primarily in a diversified mix of dollar denominated investment grade fixed income securities, particularly U.S. Government, corporate and mortgage securities. The Portfolio will ordinarily seek to maintain an average weighted maturity between five and ten years. The Portfolio may invest opportunistically in non-dollar-denominated securities and high yield securities (commonly referred to as junk bonds). The Portfolio may invest over 50% of its assets in mortgage securities. | |
Van Kampen UIF Mid-Cap Growth Portfolio
Class I AdviserVan Kampen(1) |
The investment objective of the Mid Cap Growth Portfolio is to seek long-term capital growth by investing primarily in common stocks and toher equity securities. The portfolio invests primarily in growth-oriented equity securities of U.S. mid cap companies and foreign companies, including emerging market securities. The Adviser selects issues form a universe of mid cap companies, most with market capitalization of generally less than $35 billion. The Adviser seeks to invest in high quality companies it believes have sustainable competitive advantages and the ability to redeploy capital at high rates of return. | |
Van Kampen UIF U.S. Mid Cap Value Portfolio
Class I Adviser Van Kampen(1) |
The investment objective of the Mid Cap Value Portfolio is to seek above-average total return over a market cycle of three to five years by investing primarily in common stocks and equity securities. The Portfolio invests primarily in common stocks of companies traded on a U.S. securities exchange with capitalizations generally in the range of companies included in the Russell Midcap Value Index. The Adviser seeks attractively valued companies experiencing a change that is believed could have a positive impact on a companys outlook, such as a change in management, industry dynamics or operational efficiency. | |
Van Kampen UIF U.S. Real Estate Portfolio
Class I Adviser Van Kampen(1) |
The investment objective of the U.S. Real Estate Portfolio is to seek above-average current income and long-term capital appreciation by investing primarily in equity securities of companies in the U.S. real estate industry, including real estate investment trusts (REITs). |
63
Portfolio / Advisor | Investment Objective / Strategy | |
Van Kampen UIF Value Portfolio Class I
Adviser Van Kampen(1) |
The investment objective of the Value Portfolio is to seek above-average total return over a market cycle of three to five years by investing primarily in common stocks and other equity securities. The Portfolio invests primarily in common stocks of companies with capitalizations generally greater than $1 billion. The Portfolio emphasizes a value style of investing seeking well established companies that appear undervalued and currently are not being recognized within the market place. The Portfolio may purchase stocks that do not pay dividends; and it may invest, to a limited extent, in foreign equity securities. |
(1) | Morgan Stanley Investment Management Inc., which does business in certain instances using the name Van Kampen, serves as the investment advisor to the U.S. Mid Cap Value, Value, Core Plus Fixed Income and U.S. Real Estate Portfolios. |
Wilshire 2010 Moderate Fund Advisor Wilshire Associates Incorporated |
The 2010 Moderate Funds investment objective is to provide high total return until its target retirement date. Thereafter, the 2010 Moderate Funds objective will be to seek high current income and, as a secondary objective, capital appreciation. The 2010 Moderate Fund operates under a fund of funds structure. The 2010 Moderate Fund invests in Underlying Funds according to a moderate asset allocation strategy designed for investors planning to retire in 2010, plus or minus two to three years. The 2010 Moderate Funds initial target allocation will be approximately 59% fixed income and 41% equity, with an increasing allocation to fixed income over time. Within 5 to 10 years after 2010, the 2010 Moderate Funds asset allocation should be approximately 80% investment in fixed income securities and the remaining 20% in equity securities. | |
Wilshire 2015 Moderate Fund Advisor Wilshire Associates Incorporated |
The 2015 Moderate Funds investment objective is to provide high total return until its target retirement date. Thereafter the 2015, Moderate Funds objective will be to seek high current income and, as a secondary objective, capital appreciation. The 2015 Moderate Fund operates under a fund of funds structure. The 2015 Moderate Fund invests in Underlying Funds according to a moderate asset allocation strategy designed for investors planning to retire in 2015, plus or minus two to three years. The 2015 Moderate Funds initial target allocation will be approximately 51% equity and 49% fixed income, with an increasing allocation to fixed income over time. Within 5 to 10 years after 2015, the 2015 Moderate Funds asset allocation should be approximately 80% investment in fixed income securities and the remaining 20% in equity securities. | |
Wilshire 2025 Moderate Fund Advisor Wilshire Associates Incorporated |
The 2025 Moderate Funds investment objective is to provide high total return until its target retirement date. Thereafter, the 2025 Moderate Funds objective will be to seek high current income and, as a secondary objective, capital appreciation. The 2025 Moderate Fund operates under a fund of funds structure. The 2025 Moderate Fund invests in Underlying Funds according to a moderate asset allocation strategy designed for investors planning to retire in 2025, plus or minus two to three years. The 2025 Moderate Funds initial target allocation will be approximately 72% equity and 28% fixed income, with an increasing allocation to fixed income over time. Within 5 to 10 years after 2025, the 2025 Moderate Funds asset allocation should be approximately 80% investment in fixed income securities and the remaining 20% in equity securities. |
64
Portfolio / Advisor | Investment Objective / Strategy | |
Wilshire 2035 Moderate Fund Advisor Wilshire Associates Incorporated |
The 2035 Moderate Funds investment objective is to provide high total return until its target retirement date. Thereafter, the 2035 Moderate Funds objective will be to seek high current income and, as a secondary objective, capital appreciation. The 2035 Moderate Fund operates under a fund of funds structure. The 2035 Moderate Fund invests in Underlying Funds according to a moderate asset allocation strategy designed for investors planning to retire in 2035, plus or minus two to three years. The 2035 Moderate Funds initial target allocation will be approximately 92% equity and 8% fixed income, with an increasing allocation to fixed income over time. Within 5 to 10 years after 2035, the 2035 Moderate Funds asset allocation should be approximately 80% investment in fixed income securities and the remaining 20% in equity securities. | |
Wilshire 2045 Moderate Fund AdvisorWilshire Associates Incorporated |
The 2045 Moderate Funds investment objective is to provide high total return until its target retirement date. Thereafter, the 2045 Moderate Funds objective will be to seek high current income and, as a secondary objective, capital appreciation. The 2045 Moderate Fund operates under a fund of funds structure. The 2045 Moderate Fund invests in Underlying Funds according to a moderate asset allocation strategy designed for investors planning to retire in 2045, plus or minus two to three years. The 2045 Moderate Funds initial target allocation will be approximately 100% equity, with an increasing allocation to fixed income over time. Within 5 to 10 years after 2045, the 2045 Moderate Funds asset allocation should be approximately 80% investment in fixed income securities and the remaining 20% in equity securities. |
65
| 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
|
We will mail a letter to the Contract Owner notifying the Contract Owner that: | |
events in one
quarter of a
Contract Year
|
(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. |
66
| 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 |
67
| 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. |
1
Optional Death | Optional Death | |||||||||||
Separate Account Annual Expenses | Benefit Contracts | Benefit Contracts | ||||||||||
(as a % of the average value of the | (Issue Age 65 and | (Issue Age over 65 | ||||||||||
Owners interest in the Subaccounts) | Standard Contracts | younger) | and under 79) | |||||||||
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 | % |
| When 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. | |
| The annual contract maintenance fee of $30 and Separate Account annual expenses of 1.65% are incurred. | |
| The maximum Portfolio expenses before reimbursement (10.73%) or after reimbursement (1.67%) are incurred or the minimum Portfolio expenses (0.27%) 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 year | 3 years | 5 years | 10 years | |||||||||||||
Maximum portfolio expenses before reimbursement
|
1,902 | 4,043 | 6,130 | 11,523 | ||||||||||||
Maximum portfolio expenses after reimbursement
|
1,070 | 1,680 | 2,392 | 4,892 | ||||||||||||
Minimum portfolio expenses
|
928 | 1,236 | 1,619 | 3,171 |
1 year | 3 years | 5 years | 10 years | |||||||||||||
Maximum portfolio expenses before reimbursement
|
1,202 | 3,543 | 5,830 | 11,523 | ||||||||||||
Maximum portfolio expenses after reimbursement
|
370 | 1,180 | 2,092 | 4,892 | ||||||||||||
Minimum portfolio expenses
|
228 | 736 | 1,319 | 3,171 |
2
| You invest $10,000 in a Contract with no optional features 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 maximum Portfolio expenses before reimbursement (10.73%) or after reimbursement (1.67%) are incurred or the minimum Portfolio expenses (0.27%) 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 year | 3 years | 5 years | 10 years | |||||||||||||
Maximum portfolio expenses before reimbursement
|
1,879 | 3,983 | 6,043 | 11,401 | ||||||||||||
Maximum portfolio expenses after reimbursement
|
1,045 | 1,603 | 2,259 | 4,604 | ||||||||||||
Minimum portfolio expenses
|
903 | 1,155 | 1,477 | 2,839 |
1 year | 3 years | 5 years | 10 years | |||||||||||||
Maximum portfolio expenses before reimbursement
|
1,179 | 3,483 | 5,743 | 11,401 | ||||||||||||
Maximum portfolio expenses after reimbursement
|
345 | 1,103 | 1,959 | 4,604 | ||||||||||||
Minimum portfolio expenses
|
203 | 655 | 1,177 | 2,839 |
3
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 Contracts. 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 Contracts. | |
When Assessed
|
During the Accumulation Period, and during the Benefit Payment Period if a variable dollar benefit is elected. | |
Assessed Against What
|
Amounts invested in the Subaccounts. Not assessed against the Fixed Account options. | |
Waivers
|
None. |
4
1) | the Account Value on the Death Benefit Valuation Date; | ||
2) | the Enhanced Minimum Death Benefit; or | ||
3) | the Enhanced Historic High Value. |
5
| compare the performance of a Subaccount with applicable indices and/or industry averages; | ||
| present performance information that reflects the effects of tax-deferred compounding on Subaccount investment returns; | ||
| compare investment return on a tax-deferred basis with currently taxable investment return; | ||
| illustrate investment returns by graphs, charts, or otherwise. |
6
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 | ||||||
AIM V.I. Capital Development Fund-Series I Shares | ||||||||||||
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 | ||||||
AIM V.I. Core Equity Fund-Series I Shares | ||||||||||||
10.812798 |
946,182.515 | 10.805412 | 0.000 | 10.794324 | 0.000 | 12/31/06 | ||||||
AIM V.I. Financial Services Fund-Series I Shares | ||||||||||||
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 | ||||||
AIM V.I. Global Health Care Fund-Series I Shares | ||||||||||||
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 | ||||||
AIM V.I. High Yield Fund-Series I Shares | ||||||||||||
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 | ||||||
11.510803 |
221,636.210 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
10.689459 |
70,047.913 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
10.687084 |
10,260.821 | N/A | N/A | N/A | N/A | 12/31/97 | ||||||
AIM V.I. Small Cap Equity Fund-Series I Shares | ||||||||||||
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 | ||||||
AIM V.I. Small Cap Growth Fund-Series I Shares | ||||||||||||
10.356858 |
145,499.534 | 10.298362 | 288.452 | 10.211231 | 0.000 | 12/31/06 | ||||||
9.203351 |
141,453.043 | 9.160636 | 212.180 | 9.096934 | 0.000 | 12/31/05 | ||||||
8.873033 |
123,848.236 | 8.840784 | 68.639 | 8.792640 | 0.000 | 12/31/04 | ||||||
7.900935 |
131,306.947 | 7.880151 | 63.208 | 7.849089 | 0.000 | 12/31/03 | ||||||
6.004149 |
155,173.901 | 5.994252 | 27.131 | 5.979440 | 0.000 | 12/31/02 | ||||||
8.838420 |
27,720.462 | 8.832577 | 5.420 | 8.823828 | 0.000 | 12/31/01 |
7
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 | ||||||||||||
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 | ||||||||||||
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 | ||||||||||||
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 | ||||||||||||
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 | ||||||
Dreyfus IP Technology Growth Portfolio-Initial Shares | ||||||||||||
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 | ||||||||||||
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 | ||||||
16.894039 |
408,482.196 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
13.169143 |
140,614.024 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
10.320883 |
26,332.500 | N/A | N/A | N/A | N/A | 12/31/97 | ||||||
Dreyfus Stock Index Fund, Inc.-Initial Shares | ||||||||||||
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 | ||||||
15.760394 |
2,129,772.165 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
13.250646 |
779,485.606 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
10.479569 |
69,510.645 | N/A | N/A | N/A | N/A | 12/31/97 |
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 | ||||||
Dreyfus VIF Appreciation Portfolio-Initial Shares | ||||||||||||
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 | ||||||
14.262203 |
517,772.082 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
12.975443 |
170,523.015 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
10.103905 |
18,347.666 | N/A | N/A | N/A | N/A | 12/31/97 | ||||||
Dreyfus VIF Developing Leaders Portfolio-Initial Shares | ||||||||||||
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 | ||||||
11.984035 |
275,503.637 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
9.867472 |
171,968.905 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
10.362314 |
41,359.506 | N/A | N/A | N/A | N/A | 12/31/97 | ||||||
Dreyfus VIF Growth and Income Portfolio-Initial Shares | ||||||||||||
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 | ||||||
12.961023 |
331,756.261 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
11.243790 |
159,409.837 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
10.196538 |
32,231.762 | N/A | N/A | N/A | N/A | 12/31/97 | ||||||
Dreyfus VIF Money Market Portfolio | ||||||||||||
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 | ||||||
1.083700 |
2,638,837.162 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
1.050876 |
658,981.650 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
1.016499 |
0.000 | N/A | N/A | N/A | N/A | 12/31/97 |
9
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 | ||||||
DWS Small Cap Index VIP-Class A | ||||||||||||
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 | ||||||
11.606269 |
15,259.149 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
Janus Aspen Series Balanced Portfolio-Institutional Shares | ||||||||||||
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 | ||||||
17.556100 |
1,571,579.505 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
14.043929 |
373,285.807 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
10.604609 |
30,519.754 | N/A | N/A | N/A | N/A | 12/31/97 | ||||||
Janus Aspen Series Forty Portfolio-Institutional Shares | ||||||||||||
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 | ||||||
13.234548 |
471,936.628 | N/A | N/A | N/A | N/A | 13/31/99 | ||||||
Janus Aspen Series International Growth Portfolio-Institutional Shares | ||||||||||||
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 | ||||||
20.234788 |
142,343.325 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
11.256365 |
45,382.775 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
9.735841 |
12,541.039 | N/A | N/A | N/A | N/A | 12/31/97 |
10
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 Series Large Cap Portfolio-Institutional Shares | ||||||||||||
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 | ||||||
19.453513 |
643,514.256 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
13.699715 |
172,190.630 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
10.239960 |
32,737.591 | N/A | N/A | N/A | N/A | 12/31/97 | ||||||
Janus Aspen Series Mid Cap Growth Portfolio-Institutional Shares | ||||||||||||
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 | ||||||
31.565210 |
329,807.902 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
14.199318 |
53,896.345 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
10.723950 |
2,830.076 | N/A | N/A | N/A | N/A | 12/31/97 | ||||||
Oppenheimer Balanced Fund/VA-Non-Service Shares | ||||||||||||
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 | ||||||||||||
11.380578 |
206,005.347 | 11.356572 | 712.676 | 11.320712 | 0.000 | 12/31/06 | ||||||
10.691883 |
85,720.169 | 10.680139 | 0.000 | 10.662581 | 0.000 | 12/31/05 | ||||||
10.317159 |
581.341 | 10.316268 | 0.000 | 10.314940 | 0.000 | 12/31/04 | ||||||
Oppenheimer Main Street Fund®/VA-Non-Service Shares | ||||||||||||
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 | ||||||||||||
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 | ||||||||||||
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 |
11
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 | ||||||
Van Kampen UIF Core Plus Fixed Income Portfolio-Class I | ||||||||||||
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 | ||||||
10.749115 |
279,193.758 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
11.079965 |
46,348.096 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
10.412276 |
4.653 | N/A | N/A | N/A | N/A | 12/31/97 | ||||||
Van Kampen UIF U.S. Mid Cap Value Portfolio-Class I | ||||||||||||
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 | ||||||
15.049488 |
183,388.647 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
12.705082 |
111,076.120 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
11.113227 |
16,674.966 | N/A | N/A | N/A | N/A | 12/31/97 | ||||||
Van Kampen UIF U.S. Real Estate Portfolio-Class I | ||||||||||||
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 | ||||||
9.482378 |
86,941.426 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
9.758808 |
43,786.457 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
11.101269 |
7,200.060 | N/A | N/A | N/A | N/A | 12/31/97 | ||||||
Van Kampen UIF Value Portfolio-Class I | ||||||||||||
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 | ||||||
9.536137 |
78,330.649 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
9.848411 |
34,212.111 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
10.204064 |
9,944.401 | N/A | N/A | N/A | N/A | 12/31/97 |
12
13
AIM Variable Investment Funds | ||
-AIM V.I. Dynamics Fund-Series I Shares | ||
Janus Aspen Series | ||
-Janus Aspen Series Worldwide Growth Portfolio-Institutional Shares | ||
The Timothy Plan Variable Series | ||
-The Timothy Plan Conservative Growth Variable Series | ||
-The Timothy Plan Small-Cap Variable Series | ||
-The Timothy Plan Strategic Growth Variable Series |
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
| year-end accumulation unit value for each Closed Subaccount from the end of the year of inception through December 31, 2006 |
| number of accumulation units outstanding as of the end of each period. |
3
Portfolio | Adviser and Type of Fund | |
AIM Variable Investment Funds |
||
AIM V.I. Dynamics Fund-Series I Shares
|
A I M Advisors, Inc. | |
Mid cap growth | ||
Janus Aspen Series |
||
Janus Aspen Series Worldwide Growth Portfolio
Service Shares
|
Janus Capital Management LLC World stock |
|
The Timothy Plan Variable Series |
||
The Timothy Plan Conservative Growth Variable Series
|
Timothy Partners, Ltd. Asset allocation |
|
The Timothy Plan Small-Cap Variable Series
|
Timothy Partners, Ltd. Small cap value |
|
The Timothy Plan Strategic Growth Variable Series
|
Timothy Partners, Ltd. Asset allocation |
§ | AIM V.I. Dynamics Fund Closed Subaccount |
§ | Janus Aspen Series Worldwide Growth Portfolio Closed Subaccount |
§ | The Timothy Plan Conservative Growth Variable Series Closed Subaccount |
§ | The Timothy Plan Strategic Growth Variable Series Closed Subaccount |
4
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 | ||||||
AIM V.I. Dynamics Fund-Series I Shares | ||||||||||||
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 Series Worldwide Growth Portfolio-Institutional Shares | ||||||||||||
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 | ||||||
20.488548 |
1,026,072.851 | 20.638429 | 2,225.846 | 20.713399 | 151.550 | 12/31/99 | ||||||
12.632936 |
402,131.168 | 12.687776 | 123.659 | 12.715080 | 0.000 | 12/31/98 | ||||||
9.935860 |
56,665.753 | 9.949496 | 0.000 | 9.956287 | 0.000 | 12/31/97 | ||||||
The Timothy Plan Conservative Growth Variable Series | ||||||||||||
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 |
5
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 Small-Cap Variable Series | ||||||||||||
20.317413 |
218,626.764 | 20.850379 | 1,655.833 | 21.035880 | 0.000 | 12/31/06 | ||||||
17.335322 |
277,780.814 | 17.736216 | 2,457.919 | 17.867005 | 0.000 | 12/31/05 | ||||||
17.697722 |
310,246.389 | 18.052188 | 2,782.088 | 18.157863 | 0.000 | 12/31/04 | ||||||
16.103370 |
325,717.236 | 16.376328 | 2,478.777 | 16.447350 | 0.000 | 12/31/03 | ||||||
11.570446 |
411,952.278 | 11.731810 | 1,895.369 | 11.765228 | 0.000 | 12/31/02 | ||||||
14.201161 |
358,967.966 | 14.356543 | 1,265.216 | 14.376029 | 0.000 | 12/31/01 | ||||||
12.876042 |
256,856.613 | 12.978169 | 676.849 | 12.976380 | 0.000 | 12/31/00 | ||||||
12.097693 |
94,238.615 | 12.157659 | 374.501 | 12.137973 | 0.000 | 12/31/99 | ||||||
10.283942 |
29,293.327 | 10.304332 | 17.653 | N/A | N/A | 12/31/98 | ||||||
The Timothy Plan Strategic Growth Variable Series | ||||||||||||
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 |
6
* | See The Commodore Spirit® Supplemental Prospectus dated May 1, 2007 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 | ||||||
AIM V.I. Dynamics Fund-Series I Shares | ||||||||||||
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 Series Worldwide Growth Portfolio-Institutional Shares | ||||||||||||
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 | ||||||
20.488548 |
1,026,072.851 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
12.632936 |
402,131.168 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
9.935860 |
56,665.753 | N/A | N/A | N/A | N/A | 12/31/97 | ||||||
The Timothy Plan Conservative Growth Variable Series | ||||||||||||
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 Small-Cap Variable Series | ||||||||||||
20.317413 |
218,626.764 | 20.143256 | 976.759 | 19.884612 | 0.000 | 12/31/06 | ||||||
17.335322 |
277,780.814 | 17.204132 | 781.843 | 17.009020 | 0.000 | 12/31/05 | ||||||
17.697722 |
310,246.389 | 17.581568 | 782.093 | 17.408569 | 0.000 | 12/31/04 | ||||||
16.103370 |
325,717.236 | 16.013800 | 604.436 | 15.880218 | 0.000 | 12/31/03 | ||||||
11.570446 |
411,952.278 | 11.517409 | 4,231.387 | 11.438200 | 0.000 | 12/31/02 | ||||||
14.201161 |
358,967.966 | 14.150023 | 13.748 | 14.073530 | 0.000 | 12/31/01 | ||||||
12.876042 |
256,856.613 | N/A | N/A | N/A | N/A | 12/31/00 | ||||||
12.097693 |
94,238.615 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
10.283942 |
29,293.327 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
The Timothy Plan Strategic Growth Variable Series | ||||||||||||
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 |
7
Number of | Number of | |||||||||||
Enhanced | Enhanced | |||||||||||
Enhanced | (1.10% Total | Enhanced | (0.90% Total | |||||||||
(1.10% Total | Separate | (0.90% Total | Separate | |||||||||
Number of | Separate | Account | Separate | Account | ||||||||
Standard | Account | Expenses) | Account | Expenses) | ||||||||
Standard | Accumulation | Expenses) | Accumulation | Expenses) | Accumulation | |||||||
Accumulation | Units | Accumulation | Units | Accumulation | Units | |||||||
Unit Value | Outstanding | Unit Value | Outstanding | Unit Value | Outstanding | Year | ||||||
AIM V.I. Dynamics Fund-Series I Shares | ||||||||||||
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 | ||||||
Janus Aspen Series Worldwide Growth Portfolio-Institutional Shares | ||||||||||||
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 | ||||||
20.488548 |
1,026,072.851 | N/A | N/A | N/A | N/A | 12/31/99 | ||||||
12.632936 |
402,131.168 | N/A | N/A | N/A | N/A | 12/31/98 | ||||||
9.935860 |
56,665.753 | N/A | N/A | N/A | N/A | 12/31/97 | ||||||
The Timothy Plan Conservative Growth Variable Series | ||||||||||||
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 Small-Cap Variable Series | ||||||||||||
20.317413 |
218,626.764 | 20.850379 | 1,655.833 | 21.150591 | 0.000 | 12/31/06 | ||||||
17.335322 |
277,780.814 | 17.736216 | 2,457.919 | 17.955404 | 0.000 | 12/31/05 | ||||||
17.697722 |
310,246.389 | 18.052188 | 2,782.088 | 18.238528 | 0.000 | 12/31/04 | ||||||
16.103370 |
325,717.236 | 16.376328 | 2,478.777 | 16.512134 | 0.000 | 12/31/03 | ||||||
11.570446 |
411,952.278 | 11.731810 | 1,895.369 | 11.805762 | 0.000 | 12/31/02 | ||||||
14.201161 |
385,967.966 | 14.356543 | 1,265.216 | 14.418440 | 0.000 | 12/31/01 | ||||||
12.876042 |
256,856.613 | 12.978169 | 676.849 | 13.008207 | 0.000 | 12/31/00 | ||||||
12.097693 |
94,238.615 | 12.157659 | 374.501 | 12.137973 | 0.000 | 12/31/99 | ||||||
10.283942 |
29,293.327 | 10.304332 | 17.653 | N/A | N/A | 12/31/98 | ||||||
The Timothy Plan Strategic Growth Variable Series | ||||||||||||
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 |
8
Enhanced with | Number of Enhanced | Enhanced with | Number of Enhanced | |||||
Administration | with Administration | Administration | with Administration | |||||
charges waived | charges waived | charges waived | charges waived | |||||
(0.95% Total | (0.95% Total | (0.75% Total | (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 | ||||
AIM V.I. Dynamics Fund-Series I Shares | ||||||||
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 Series Worldwide Growth Portfolio-Institutional Shares | ||||||||
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 | ||||||||
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 Small-Cap Variable Series | ||||||||
21.035880 |
0.000 | 21.380470 | 758.101 | 12/31/06 | ||||
17.867005 |
0.000 | 18.123238 | 739.509 | 12/31/05 | ||||
18.157863 |
0.000 | 18.381300 | 565.694 | 12/31/04 | ||||
16.447350 |
0.000 | 16.616330 | 366.035 | 12/31/03 | ||||
11.765228 |
0.000 | 11.862623 | 528.208 | 12/31/02 | ||||
14.376029 |
0.000 | 14.466293 | 0.000 | 12/31/01 | ||||
12.976380 |
0.000 | N/A | N/A | 12/31/00 | ||||
12.137973 |
0.000 | N/A | N/A | 12/31/99 | ||||
N/A |
N/A | N/A | N/A | 12/31/98 | ||||
The Timothy Plan Strategic Growth Variable Series | ||||||||
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 |
9
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 | ||||
AIM V.I. Dynamics Fund-Series I Shares | ||||||||
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 Series Worldwide Growth Portfolio-Institutional Shares | ||||||||
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 | ||||
20.488548 |
1,026,072.851 | N/A | N/A | 12/31/99 | ||||
12.632936 |
402,131.168 | N/A | N/A | 12/31/98 | ||||
9.935860 |
56,665.753 | N/A | N/A | 12/31/97 | ||||
The Timothy Plan Conservative Growth Variable Series | ||||||||
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 Small-Cap Variable Series | ||||||||
20.317413 |
218,626.764 | 20.453106 | 0.000 | 12/31/06 | ||||
17.335322 |
277,780.814 | 17.424644 | 0.000 | 12/31/05 | ||||
17.697722 |
310,246.389 | 17.761935 | 0.000 | 12/31/04 | ||||
16.103370 |
325,717.236 | 16.137364 | 0.000 | 12/31/03 | ||||
11.570446 |
411,952.278 | 11.577730 | 0.000 | 12/31/02 | ||||
14.201161 |
358,967.966 | 14.189031 | 4.378 | 12/31/01 | ||||
12.876042 |
256,856.613 | N/A | N/A | 12/31/00 | ||||
12.097693 |
94,238.615 | N/A | N/A | 12/31/99 | ||||
10.283942 |
29,293.327 | N/A | N/A | 12/31/98 | ||||
The Timothy Plan Strategic Growth Variable Series | ||||||||
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 |
10
Portfolio / Adviser | Investment Objective / Strategy | |
AIM Variable Insurance Funds |
||
AIM V.I. Dynamics Fund Series
I Shares Advisor A I M Advisors, Inc. |
The funds investment objective is long-term capital growth. The fund normally invests at least 65% of its net assets in common stocks of mid-size companies. The advisor actively manages the fund, focusing on mid-cap companies with high growth potential that also are favorably priced relative to the growth expectations for that company. The fund may invest up to 25% of its assets in securities of non-U.S. issuers. Securities of Canadian issuers and American Depositary Receipts are not subject to this 25% limitation. The fund also has the flexibility to invest in other types of securities including preferred stocks, convertible securities and bonds. Any percentage limitations with respect to assets of the fund are applied at the time of purchase. | |
Janus Aspen Series |
||
Janus Aspen Series Worldwide
Growth Portfolio-Institutional
Shares Advisor Janus Capital Management LLC |
This diversified portfolio seeks long-term growth of capital in a manner consistent with the preservation of capital by investing primarily in common stocks of companies of any size located throughout the world. The portfolio normally invests in issuers from several different countries, including the U.S. The portfolio may, under unusual circumstances, invest in a single country. The portfolio may have significant exposure to emerging markets. Within the parameters of its specific investment policies, the portfolio may invest in foreign equity and debt securities, which may include investments in emerging markets. | |
The Timothy Plan Variable Series |
||
The Timothy Plan Conservative
Growth VS Advisor Timothy Partners, Ltd. |
The primary investment objective of the Timothy Plan Conservative Growth Variable Series is to seek moderate levels of long-term capital growth, with a secondary objective of current income. The Portfolio normally invests at least 75% in specific funds offered by the Timothy Plan family of funds. Fund investments are reallocated as new assets come into the Fund and at the end of each quarter, as needed to maintain the asset allocation. The securities in which the underlying funds shall be precluded from investing, by virtue of the funds and Portfolios ethical standards, are referred to as excluded securities. | |
The Timothy Plan Small-Cap Variable
Series Advisor Timothy Partners, Ltd. |
The primary investment objective of the Timothy Plan Small-Cap Variable Series is to seek long-term capital growth, with a secondary objective of current income. The Portfolio seeks to achieve its objectives while abiding by ethical standards established for investments by the Portfolio. The securities in which the Portfolio is precluded from investing, by virtue of the Portfolios ethical standards, are referred to as excluded securities. |
11
Portfolio / Adviser | Investment Objective / Strategy | |
The Timothy Plan Strategic Growth VS
Advisor Timothy Partners, Ltd. |
The primary investment objective of the Timothy Plan Strategic Growth Variable Series is to seek medium to high levels of long-term capital growth, with a secondary objective of current income. The Portfolio normally invests at least 75% in specific funds offered by the Timothy Plan family of funds. Fund investments are reallocated as new assets come into the Fund and at the end of each quarter, as needed to maintain the asset allocation. The securities in which the underlying funds shall be precluded from investing, by virtue of the funds and Portfolios ethical standards, are referred to as excluded securities. |
12
§ | 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 |
13